Risk and Return of Retail Sukuk and Retail Bond in Indonesia Period 2008-2017 (Comparative Study)

2020 ◽  
Vol 15 (1) ◽  
Author(s):  
Rahma Yudi Astuti ◽  
Asad Arsya Brilliant Fani
Keyword(s):  
Standard Deviation ◽  
Comparative Study ◽  
Stock Exchange ◽  
Secondary Data ◽  
Bond Market ◽  
Bond Pricing ◽  
Risk And Return ◽  
Underlying Asset ◽  
The Real ◽  
The World

Sukuk and Bonds has differences and similarities. Fundamental differences between sukuk and bonds are first, underlying asset in every sukuk issuance, concept of profit loss sharing and the use of Islamic contracts. Whereas conducted research in practice of differences between sukuk and bonds are still an on-going discussion. This study aims to add the evidence in the discussion regarding whether there is differences between sukuk and bonds in the world of practice, provide investment preferences as well as educating investors in choosing sukuk or bonds as a sustainable and smooth instrument. The method used is Mann Whitney U-Test to test whether there is a different between yield to maturity (return) and standard deviation (risk) of both instruments. Using secondary data of Retail Sukuk (SR) and Retail Bonds (ORI) period 2008-2017 obtained from Indonesia Stock Exchange, Indonesia Bond Market Directory and Indonesia Bond Pricing Agency. The result shows that there is no significance difference of retail sukuk return and risk with retail bonds in Indonesia. Besides retail bonds are show higher return than retail sukuk because of higher coupon and longest mature date. While, retail sukuk is more stable rather than bonds as it backed up by the real underlying asset. Keywords: Retail Sukuk (SR), Retail Bonds (ORI), Yield to Maturity

scholarly journals GOLD AND OIL PRICES VERSUS STOCK EXCHANGE: ACASE STUDY OF PAKISTAN

2016 ◽  
Vol 4 (2) ◽  
pp. 129-138
Author(s):  
Rabia Najaf ◽  
Khakan Najaf ◽  
Salman Yousaf
Keyword(s):  
Standard Deviation ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Secondary Data ◽  
Stock Exchanges ◽  
Gold Market ◽  
Investment Level ◽  
The World ◽  
Standard Value ◽  
The Impact

Due to global financial crisis, around the all over the world all developing and under developing countries are facing the low trading profit. In most of the developing country like Pakistan, there is low investment level due to political instability. Due to this condition Karachi stock exchange has the worst sell .Karachi stock exchange is known as the oldest and more profitable stock exchange of Pakistan oil and gold prices are attracting investors towards there not in the stock exchange. This thing is the barrier for the progress of the development of the country. This paper is trying to expose that stock market is going to down due to these variables. For checking the impact of oil and gold prices on the Karachi stock exchange. We have used that secondary data for this study. For this purpose we have taken data from Karachi stock exchanges from the period of 1996 to 2013.We have applies correlation matrix for this purpose. the result has shown that KSE 100 has return is 0.014503 and GDP 0.058793 ,gold 0.012026 and oil 0.00919.karachi stock exchange return  has standard value is 0.089982,while gold standard deviation 0.038716 and oil standard deviation value is 0.103375. The correlations have shown that in these markets there is not positive relationship.karachi stock exchange and GDP have inverse relationship with gold market. These results have also shown that oil growth has a significant relationship with KSE100 and GDP.For the predication correlation is not considering an authentic measure.

scholarly journals A Comparative Study of Consumer Perception on the Usage of Cadbury Products in Malaysia and India

2021 ◽  
Vol 4 (1) ◽  
pp. 106-115
Author(s):  
Rudresh Pandey ◽  
Ajay Massand ◽  
Suhasini BV ◽  
Lavi Sharma ◽  
Akansha Rai ◽  
...  
Keyword(s):  
Comparative Study ◽  
Secondary Data ◽  
Consumer Perceptions ◽  
Consumer Perception ◽  
Indian Market ◽  
Buying Behavior ◽  
Major Player ◽  
The World ◽  
Marketing Activities ◽  
Similarities And Differences

Chocolates and snacks are a humongous market all around the world. Mondelez International, the producer of Cadbury is a major player in this industry which perceives the Malaysian and Indian market differently. This study aims to examine the consumer perception on the usage of Cadbury products in Malaysia and India. The study would examine the association, usage, buying behavior and customer satisfaction in the two countries and identify similarities and differences among them. This study involves both primary and secondary data collected through various sources such as consumers from the two countries and publications. These findings provide a comparative insight about consumer perceptions about the products which help in understanding the two markets and marketing activities in detail.

scholarly journals A Comparative Study of Fundamental and Technical Analysis on Private Sector Banks

2022 ◽  
pp. 127-130
Author(s):  
Dr. S. Kamalasaravanan ◽  
Dr. M. Bhuvaneswari ◽  
Ms. V. Kanimozhi ◽  
Mr. S. Saravanan
Keyword(s):  
High Risk ◽  
Private Sector ◽  
Comparative Study ◽  
Stock Exchange ◽  
Technical Analysis ◽  
Low Risk ◽  
Private Bank ◽  
Risk And Return ◽  
Book Value ◽  
Pe Ratio

All investment is the allocation of money to assets that are expected to yield some gain over a period of time. One of the best high risk and return investments was buying shares in stock exchange. Through these fundamental and technical analysis helps to reduce the risk. The fundamental analysis is used to understand the trend and growth of the economic, industry and company. For this analysis investor used many tools like EPS, PE ratio, Book value, ROE, etc. The technical analysis is used to understand price moment of the stocks and index. For this analysis investor used many tools like Trend, Support and Resistance, RSI, MACD, etc. From this study investors can able to understand and find low risk stocks in Nifty Private Bank. There is no analysis tools and strategy to find the risk free stock. This analysis helps to find the profitable stocks in Nifty Private Bank.

scholarly journals Risk and Return Analysis of Commercial Banks of Nepal (with reference to NABIL and NIBL)

Pravaha ◽  
2018 ◽  
Vol 24 (1) ◽  
pp. 109-119
Author(s):  
Laxman Raj Kandel
Keyword(s):  
Commercial Banks ◽  
Stock Exchange ◽  
Secondary Data ◽  
Common Stock ◽  
Risk And Return ◽  
Scientific Methods ◽  
The Past ◽  
Stock Investment ◽  
Beta Coefficient ◽  
Past Data

This paper analyze the risk and return on common stock investment of Nepalese stock market and it is focused on common stock of two commercial banks listed in Nepal stock exchange Limited. Investors have varying perception towards risk and enterprising activities. They invest in those opportunities which have certain degree of risk associated with it. This research study found that there is a positive relationship between risk and return. Most of the investors are risk averter. It suggest to construct appropriate portfolio instead of investment in a single security which would be able to reduce unsystematic or diversifiable risk. The secondary data which was collected from NEPSE website (www.nepalstock.com), previous studies, NRB publications and publication of selected commercial banks, website of security board of Nepal (SEBO), Journals and internet. Both quantitative and qualitative analysis has been analyzed by using scientific methods. After the analysis of risk and return of sample bank and based on the past data of their last five fiscal years i.e. (FY-2012/13 to FY-2016/17), it is concluded that all the commercial banks are very much risky with fluctuated rate of return. From the findings of beta coefficient of each sample bank, the C.S. of NABIL is seems very much volatile than NIBL stock. It was also found that both selected bank have a high proportion of unsystematic risk.Pravaha Vol. 24, No. 1, 2018, Page: 109-119

IMPACT OF CAPITAL MARKET REFORMS ON ECONOMIC GROWTH: The Nigerian Experience

2012 ◽  
Vol 02 (02) ◽  
pp. 20-30
Author(s):  
OKE MICHAEL OJO ◽  
ADEUSI S.O.
Keyword(s):  
Economic Growth ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Least Square Method ◽  
Least Square ◽  
Market Reforms ◽  
Political Issues ◽  
The World ◽  
The Impact

This study examines the impact of capital market reforms on the Nigerian economic growth between 1981 and 2010. The prevailing challenges in the World financial markets; especially the capital market justifies the various forms of reforms going on around the World. The ordinary least square method of regression and the Johansen co-integration analysis were employed to analyse the secondary data sourced from the Central Bank of Nigeria statistical bulletin, the Nigeria Stock Exchange Fact book and the Nigeria Security and Exchange Commission Reports. The results show that capital reforms positively impact the economic growth. The study recommends among others that government should objectively evaluate enacted laws and reforms agenda in a manner that will enhance economic growth rather than considering political issues before embarking on reforms.

scholarly journals Development of Optimum Portfolio for Investment in Oil & Gas Sector (Investor’s View)

2019 ◽  
Vol 15 (2) ◽  
pp. 110-130
Author(s):  
Sumeet Gupta ◽  
Sourav Basak
Keyword(s):  
Renewable Energy ◽  
Crude Oil ◽  
Oil And Gas ◽  
Solar Power ◽  
Stock Exchange ◽  
Risk And Return ◽  
Markowitz Model ◽  
The World ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

With establishment of International Solar Alliance in New Delhi and due to the push given to renewable energy by the current government India has opened new dimension for innovation, investment and industry. This government has made a significant effort to push India’s renewable energy ambition. Due to this push India is now the 4th largest wind power producer in the world only behind of China, USA & Germany. India has made record addition to the solar power capacity in last 5 years. Although the recently concluded Financial Year (FY19) has shown a dip in installation of solar power with only 6500MW installed in the year. With this trend in the country the researchers are focusing on the scenario of renewable energy in India. So, the papers which are recently made available in the public domain are concerned with the current scenario. The surge in renewable energy is a good sign for the nation as renewable is the future. Though the rising demand of the fastest growing economy of the world can’t be satisfied with this growth in renewable energy. In simply words, the growth of the renewable energy is not enough to sustain the growth of the Indian economy. This statement is supported by the growing dependence of India on imported crude oil. Dependence of imported crude oil has gone up to 83.7% in Financial Year 19 from 82% in FY18. Hence, it can be said that the oil and gas sector is not getting the required focus. Development of an optimum portfolio to minimize risk and maximize return is required before taking any investment decision. Portfolio optimization is required when you think of investing in oil and gas sector as its one of the most volatile sectors. This study is focused on developing an optimum portfolio for investment in oil and gas sector in India. Hence, 11 companies listed on Bombay Stock Exchange is selected for the study. Risk and return of all the 11 companies are calculated. The companies are ranked according to their risk. Weightage of investment is assigned to the top 5 companies (with lowest risk). The study has been conducted to construct an optimum portfolio of oil and gas companies using Markowitz Model. The study has been conducted on individual securities listed in Bombay Stock Exchange (BSE). The objectives of this study are: Risk and return analysis of individual securities of oil and gas companies in India listed with BSE. To identify the opportunities of investment in oil and gas companies and development of an optimum portfolio for investment in these companies. To construct optimal portfolio using Markowitz Model. To check whether Markowitz Model performs well in Oil and gas companies well in BSE or not.

scholarly journals Comparative Risk Return Analysis of Bombay Stock Market with Selected Banking Stocks in India

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Pramod Kumar Patjoshi
Keyword(s):  
Banking Sector ◽  
Stock Exchange ◽  
Equity Markets ◽  
Secondary Data ◽  
Descriptive Statistics ◽  
Stock Trading ◽  
Risk And Return ◽  
Trade Off ◽  
Risk Return ◽  
Comparative Risk

<div><p class="Default"><em>The stock markets in India are contributing an enormous extent in progress of the economy. The banking sector engages major share among other sectors in Indian stock trading scenario. The study examines the correlation between risk and return of the Sensex and banking stocks of BSE 30 (Sensex). India’s one of the superior stock exchange i.e. Bombay Stock Exchange (BSE). In this study different Sensex and banking stock indices have been used to examine the risk return trade off of Sensex with that of HDFC Bank, ICICI Bank, Axis Bank and SBI. </em><em>The study is based on secondary data. The data for the analysis has taken from the BSE website over a period of 15 years from January 1, 2001 to December 31, 2015. In this analysis for testing the presence or absence of risk return trade off  in the Indian equity markets and for testing hypothesis, different methods like correlation, regression, descriptive statistics and t test have been employed.</em></p></div>

scholarly journals PENGARUH TATA KELOLA PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP PENGUNGKAPAN EMISI KARBON DI INDONESIA

2021 ◽  
Vol 16 (2) ◽  
pp. 303
Author(s):  
Amrie Firmansyah ◽  
Pramuji Handra Jadi ◽  
Wahyudi Febrian ◽  
Deddy Sismanyudi
Keyword(s):  
Corporate Governance ◽  
Carbon Emissions ◽  
Financial Services ◽  
Good Governance ◽  
Stock Exchange ◽  
Secondary Data ◽  
The Public ◽  
Good Corporate Governance ◽  
The World ◽  
The Government

<p><em>The company has a significant contribution to industrialization, which results in global warming and climate change in the world. This condition can threaten the future of the world, including in Indonesia. This study aims to examine the effect of corporate governance on the disclosure of carbon emissions in Indonesia. This study uses secondary data sourced from financial statements available at www.idnfinancials.com. The sample used in this study was a manufacturing company from 2016 to 2019. By using purposive sampling, the sample obtained in the study is 260 observations. The research data were analyzed using multiple linear regression for panel data. This study concludes that the implementation of good governance and firm size are positively associated with emission carbon disclosure. The implementation of good corporate governance can increase the transparency of information provided to the public voluntarily, including information on carbon emissions produced by companies. Besides, the large companies tend to be transparent in their carbon emissions disclosure to the public.  This research indicates that the government needs to regulate policies related to managing carbon emissions produced by companies to encourage companies to implement sustainability issues. In addition, the Financial Services Authority (OJK) needs to carry out monitoring related to the implementation of corporate governance implemented by companies listed on the Indonesia Stock Exchange. </em></p>

Social Media Rumors in Time of Corona Pandemic, Why & How is Criminalized? (Comparative Study)

2020 ◽  
Vol 9 (3) ◽  
pp. 719
Author(s):  
Mohamad ALSHIBLE
Keyword(s):  
Social Media ◽  
Comparative Study ◽  
Secretary General ◽  
International Treaties ◽  
The Real ◽  
Methods Of Analysis ◽  
Global Pandemic ◽  
The World ◽  
False News ◽  
Analytical Approaches

No one in the world does not know what Corona is as a global pandemic, which the Secretary-General of the WHO has declared as ‘the enemy of humanity’. Yes, it is the enemy of humanity; the whole humans rose up to prevent it through several aspects. We are – as lawmen – responsible for the legal sides. All of us have become so miserable that many sciences are terrified of rumors and false news. The real news leaves pain in the souls, so what about that are false, whether it was broadcast or transmitted with intent or unintentionally The main objective of this article is to examine the Jordanian legislator attitude in regard of social media rumors during Corona pandemic (COVID19), in comparative to the Chinese legislator. The study shows that the opportunity to punish rumors at the time of the pandemic may be unavailable or weak and not coherent in Jordanian laws in comparison with other legislations, especially in Chinese laws. The study will also show if rumors were included in relative International treaties. The In respect to the methodology of this article, the author followed the descriptive and analytical approaches of the related Jordanian Penal laws in comparative with the Chinese Regulations in cybercrimes, by explaining the extent to which rumor crimes is punished in Jordan according to legal methods of analysis in comparative to the Chinese legal attitude.

scholarly journals UJI KONSISTENSI PENENTUAN NILAI SAHAM-SAHAM INDUSTRI PROPERTI DAN REALESTATE YANG TERDAFTAR DI BURSA EFEK JAKARTA

2017 ◽  
Vol 11 (1) ◽  
pp. 1
Author(s):  
David Sukardi Kodrat
Keyword(s):  
Standard Deviation ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Public Companies ◽  
Dividend Payout ◽  
Significance Level ◽  
Influence Variable ◽  
Independent Variable ◽  
Profit Growth

The purpose of this research is to know whether profit growth, dividend payout ratio and deviation standard are determining the fair of stock price among period The population of the research is go public companies and samples taken are property and realestate industries already listed before January 1995 and the companies still listed on the Jakarta Stock Exchange still December 31th, 1999. The Data used in this research is secondary data i.e. Earning Per Share (EPS), Price Earning Ratio (PER) and standard deviation of each company from 1995 until 1997 as independent variables.The result of this research shows that: (1) profit growth, dividend payout ratio and deviation standard are together have real impact on price earning ratio, (2) among variables believed to price earning ratio predictors, profit growth, dividend payout ratio and deviation standard i.e 15.3%, 17.2% and 15.4% and (3) this research shows that the dominant impact of variables are different among period. The differences were in the significance level and the weight of influence of independent variable to the corresponding dependent variable. On the 1995, the influence variable is standard deviation but on the 1996 and 1997 the influence variable is profit growth.

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