scholarly journals REKSADANA SYARIAH dan KONVENSIONAL DI INDONESIA

KEUNIS ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 120
Author(s):  
Nurseto Adhi ◽  
Dewi Pratiwi Aji ◽  
Winarni Winarni
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Sampling Technique ◽  
Test Analysis ◽  
Significant Difference ◽  
The Difference ◽  
Differential Test

<p class="western" align="justify"><em><span lang="EN-US">This study aims to test the difference between the conventional mutual fund and the sharia mutual fund on performances and risk. The development of mutual fund products is based on 2 (two) categories, conventional mutual funds, and sharia mutual funds (www.ojk.go.id). Based on data from the Data Center and Statistics of Islamic Mutual Funds, the performance of Islamic mutual funds is still underperformed compared to conventional mutual funds. Therefore, testing the performance of Islamic mutual funds by testing the performance of conventional mutual funds has not been widely tested. Secondary data was used in this study with all 1425 mutual funds from 2012-2017 on the Indonesia Stock Exchange was used as the population in this study is. The purposive sampling technique determines the sample in this study. The sample used in this study was Conventional and Shariah mutual fund in Indonesia Stock Exchange (IDX) with six products each. This hypothesis test used Differential Test tools with data analysis techniques using Paired sample t-test analysis using SPSS 25. In this study, we found that there was a significant difference between the return on conventional mutual funds and Syariah mutual funds. While the risk, Sharpe method, Treynor method, and Jensen method have not significant difference between conventional mutual funds and Syariah mutual funds.</span></em></p>

scholarly journals PENENTUAN INVESTASI BERDASARKAN TINGKAT RISIKO PADA SAHAM SYARIAH, REKSADANA SYARIAH, DAN EMAS PERIODE 2011-2015

2019 ◽  
Vol 5 (6) ◽  
pp. 486
Author(s):  
Ayu Fitri ◽  
Dina Fitrisia Septiarini
Keyword(s):  
Mutual Fund ◽  
Historical Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Gold Price ◽  
Quantitative Approach ◽  
Purposive Sampling ◽  
Significant Difference ◽  
The Difference

The purpose of this study was to determine the difference of rate of risk on islamic stock, islamic mutual fund, and gold period 2011-2015. It uses quantitative approach by using Kruskal Wallis test. The sample collecting method used purposive sampling. This study was used secondary data that was collected from official websites of Indonesia Stock Exchange, PT BNP Paribas, and Price Gold. Data used was historical data from JII index, NAV per unit BNP Paribas Pesona Syariah, and gold price. The result Kruskal-Wallis test show that there was significant difference of rate of risk on islamic stock, islamic mutual fund, and gold. But, when used Mann-Whitney next test show that there was no significant difference on Islamic stock. The result of this study proved that islamic stock was more best than gold and islamic mutual fund

scholarly journals Analysis of Covid-19 Impact on Stock’s Abnormal Return in Sub Cigarette Sector Companies Listed on BEI

2021 ◽  
Vol 03 (01) ◽  
Author(s):  
May Mulyaningsih ◽  
◽  
Sri Hartini Sri Hartini ◽  
Resta Anggraeni ◽  
Denis Putra Mahendra ◽  
...  
Keyword(s):  
Stock Price ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Abnormal Returns ◽  
Secondary Data ◽  
Analysis Data ◽  
Test Analysis ◽  
Significant Difference ◽  
The Impact

Covid-19 is an international pandemic that has paralyzed the national economic sector. This study aims to analyze the impact of Covid-19 on stock’s abnormal return in cigarette sub sector companies listed on the Indonesia Stock Exchange in the January to May 2020 period. The population of this study is 5 cigarette sub sector companies listed on the Indonesia Stock Exchange in 2020. The research sample selection uses census method so as to obtain 5 sample companies with an observation period of 5 months (January to May 2020). Secondary data in this study regarding stock’s abnormal returns with actual return and market return proxies. Data obtained from the company's daily stock price and composite stock price index. Descriptive statistical analysis, data normality test analysis and hypothesis test analysis are processed using SPSS 25. Statistical test with paired sample t test showed no significant difference in abnormal return between the period of 52 days before and when WFH with a significant level of 95% (α = 0.05). From the SPSS test results it is known that the significance value obtained is equal to 0.911. When compared with the significance value that has been set. The value is greater (α> 0.05). So H1 which states there are differences in stock’s abnormal returns before and during the WFH Covid-19 is rejected.

scholarly journals Analisis Profitabilitas Perusahaan Kompas 100 Sebelum dan Saat Pandemi Covid-19

2021 ◽  
Vol 4 (2) ◽  
pp. 397-414
Author(s):  
Sherfina Tabatini Evany ◽  
Risal Rinofah ◽  
Pristin Prima Sari
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Rank Test ◽  
Wilcoxon Sign Rank Test ◽  
Significant Difference ◽  
Wilcoxon Sign Rank ◽  
Sign Rank Test ◽  
The Difference ◽  
Profitability Ratios

This study aims to find out how significant the difference caused by the covid-19 pandemic is on the Profitability (ROA,ROE,NPM) of the Kompas 100 company.In this research, using descriptive comparative with quantitative approach and using secondary data. The population includes companies listed on the Kompas 100 index on the Indonesia Stock Exchange, then selected using purposive sampling technique, obtained a total of 46 companies that meet the criteria. The profitability uses (ROA, ROE, NPM). Then the ratio was tested differently using the Wilcoxon sign rank test with the help of SPSS 22.The results showed that there was a significant difference in profitability ratios which included ROA, ROE and NPM at the Kompas 100 company between the period before and during the covid-19 pandemic. Keywords: Profitability, ROA, ROE , NPM

scholarly journals PERBANDINGAN RETURN SAHAM PADA PERUSAHAAN PERKEBUNAN BEI DAN BURSA MALAYSIA

2019 ◽  
Vol 19 (2) ◽  
pp. 289
Author(s):  
Etty Rahayu Jamil ◽  
Warmie Eka Putra ◽  
Fitrini Mansur
Keyword(s):  
Interest Rates ◽  
Stock Returns ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Stock Index ◽  
Expected Return ◽  
Significant Difference ◽  
The Difference ◽  
Actual Return

<p><em>The purpose of this research is to know the difference between the actual return and the expected return of the stock using the CAPM model in plantation sector companies listed on the Indonesia Stock Exchange and Malaysia Stock Exchange during the period 2015-2017. This research is a quantitative study using secondary data in the form of stock closing price data, stock index and interest rates by the Central Bank. The hypothesis test in this study is an independent sample t-test to compare the results of the calculation of returns obtained. Results of this study is (1) There is a significant difference between actual return and expected return on plantation companies listed on the Indonesia Stock Exchange, (2) There is no significant difference between actual return and expected return on plantation companies listed on Bursa Malaysia, and (3) There is a significant difference between stock returns of plantation sector companies listed on the Indonesia Stock Exchange and Malaysia Stock Exchange during the 2015-2017 period. Both Indonesia and Malaysia obtained negative returns during the study period, but Malaysia's value is better than Indonesia. </em></p><p><em> </em></p><p><em>Keywords: Actual Return, CAPM, Expected Return, and Stock Investment.</em><em></em></p>

scholarly journals PENGUKURAN KINERJA REKSADANA SAHAM TERHADAP HARGA KOMODITAS MENGGUNAKAN BESARAN ALPHA JENSEN DAN CAPM

Media Ekonomi ◽  
2019 ◽  
Vol 26 (2) ◽  
pp. 103
Author(s):  
Robinsyah Anggalis Prasetiyo
Keyword(s):  
Crude Oil ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Time Series Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Poor Performance ◽  
Series Data ◽  
Equity Funds ◽  
Research Period

<em><em>This study aims to analyze the stock mutual funds that have the best performance and provide an overview to investors about stock mutual funds can be bought by investors. </em></em><em><em>The research methodology used is a quantitative method with the type of time series data and data sources derived from secondary data obtained from the Indonesia Stock Exchange. The research period from 2012 to 2016. Data analysis techniques used are using the Jensen model which explains that the performance of Mutual Funds can be seen from the amount of alpha of each Mutual Fund with the provisions that if a Mutual Fund has a positive alpha means it has good performance, vice versa Funds with negative alpha indicate poor performance. </em></em><em>The results of this study indicate that the performance of Coal, Gold, Nickel and Crude Oil on Equity Funds that manage Capital, Kapital Plus, and Consumption Plus mutual funds products based on the Jensen method each produces insignificant alpha and Jensen alpha values. This means that the performance of mutual funds Kapital, Kapital Plus, and Consumption Plus are not affected by the ups and downs of prices of Coal, Gold, Nickel and Crude Oil.</em>

scholarly journals PENGARUH PERSISTENSI LABA DAN LEVERAGE TERHADAP EARNING RESPONSE COEFFICIENT

Equity ◽  
2019 ◽  
Vol 19 (1) ◽  
pp. 25
Author(s):  
Jessica Jiley Gurusinga ◽  
Dahlia Br Pinem
Keyword(s):  
Food Industry ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Sampling Technique ◽  
Market Analysis ◽  
Earnings Persistence ◽  
Manufacturing Companies ◽  
Significance Level ◽  
Response Coefficient

This study is to conducted to examine the effect of variable earning persistence and leverage toward earning response coefficient. This study used 15 manufacturing companies belonging goodand food industry are listed in the Indonesia Stock Exchange in 2011-2013. The sampling technique used in this research was purposive sampling, based on criteria, there are 35 companies and tested with multiple regression analysis. The type of data used is secondary data obtained from www.idx.co.id and yahoo.finance.com and hypothesis test using t-statistic and f-statistic with significance level of 5%. These results indicate that the effect is not significant earnings persistence and leverage significant effect. The resulted of examinations can be used as basic information for investors before do the injections. Based on this study it can be delivered to the investor Indonesia Stock Exchange (BEI) to pay attention to other factors in response to the earnings announcement on the company's stock market analysis.

scholarly journals ANALISIS FENOMENA JANUARY EFFECT PADA SAHAM SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

2019 ◽  
Vol 22 (1) ◽  
pp. 39-50
Author(s):  
Indrayani Indrayani
Keyword(s):  
Stock Prices ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
January Effect ◽  
Rank Test ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Difference Test

This study aims to analyze the January Effect phenomenon based on the presence or absence of significant difference between the 5-days average abnormal return in the end of December and 5 days in early January on mining stocks listed on the Indonesia Stock Exchange during the period 2011-2015. The January effect is the tendency of rising stock prices between 31 December to the end of the first week in January. The population of this study is 41 companies and the samples are 35 companies taken using purposive sampling technique. The data used are secondary data in the price of the daily closing of stocks and JCI during the observation period. Data analysis method used is descriptive statistical analysis. The hypothesis testing is conducted using non-parametric difference test which is called as WilcoxonSigned Rank Test. The results showed that there is a significant difference between the 5-days average abnormal return in the end of December and 5 days in early January on mining stocks listed on the Indonesia Stock Exchange during the period 2011-2015, so the January Effect phenomenon has occurred.

Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan Dan Ukuran Perusahaan Terhadap Manajemen Laba

2019 ◽  
Vol 2 (2) ◽  
pp. 96-107
Author(s):  
Tutik Avrinia Wulansari
Keyword(s):  
Stock Exchange ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Sampling Technique ◽  
Tax Planning ◽  
Financial Reports ◽  
Beverage Industry ◽  
Food And Beverage ◽  
Deferred Tax ◽  
Tax Expense

Effect of Tax Planning, Deferred Tax Expense And Size Company on Profit Management (Case study onfood and beverage industry financial reports listed on the IDX).The purpose of this study is to prove whether the hypothesis is arranged based on background and previous research is accepted or not. This type of research is quantitative descriptive. The population in this study is the consumer goods industry (food and beverage) listed on the Indonesia Stock Exchange for the period 2016-2018. The samples in this study were 10 companies. The sampling technique in this study used a purposive sampling technique. The research data are secondary data in the form of food and beverage industry financial reports listed on the IDX. Data is downloaded through www.idx.co.id. The hypothesis test results of this research are profit management can be influenced by tax planning variables, deferred tax expense, and company size and the remaining 74.9% can be influenced by other variables.

PERBEDAAN RASIO PROFITABILITAS PADA PERUSAHAANPERUSAHAAN SEKTOR PERTANIAN DI BURSA EFEK INDONESIA

2017 ◽  
Vol 13 (2) ◽  
pp. 237-251
Author(s):  
Ninin Non Ayu Salmah
Keyword(s):  
Agricultural Sector ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Test Analysis ◽  
Return On Equity ◽  
Average Return ◽  
Net Profit ◽  
Research Population ◽  
Equity Ratio ◽  
The Difference

This study aims to determine the difference in the ratio of profitability as a measure offinancial performance between companies incorporated in the Agricultural Sector on theIndonesia Stock Exchange with the hypothesis test analysis technique difference of morethan two averages. Research population are companies listed on Indonesia StockExchange Agricultural Sector. Research sample is PT. Bisi International Tbk, PT.Dharma Samudera Fishing Industries Tbk and PT. Astra Agro Lestari Tbk. The highestaverage ratio is obtained by PT. Astra Agro Lestari Tbk such as return on asset ratioequal to 11,8200%, return on equity ratio equal to 17,1180% as well net profit marginratio equal to 14,6380%. Hypothesis test of difference of more than two averageconcluded that the average return on asset ratio on companies incorporated in theAgricultural Sector on the Indonesia Stock Exchange differs significantly, the averagereturn on equity ratio on companies incorporated in the Agricultural Sector on theIndonesia Stock Exchange differs significantly and the average net profit margin ratio oncompanies incorporated in the Agricultural Sector on the Indonesia Stock Exchangediffers significantly.

KEBIJAKAN PEMBAYARAN DIVIDEN BERDASARKAN EPS, LEVERAGE DAN SIZE

2013 ◽  
Author(s):  
Yuhelmi Yuhelmi
Keyword(s):  
Firm Size ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Test Method ◽  
Test Results ◽  
Dividend Payout ◽  
Significant Difference ◽  
Sample Data ◽  
The Difference

This study aims to determine the difference in value Dividend Payout Ratio is based on EPS, leverage and firm size at the company listed in Indonesia Stock Exchange. The population is the company paying the dividends consistently over the period 2007-2009 and all taken as sample. Data used in this study is secondary data obtained from the Indonesian Capital Market of Directory (ICMD). Data processing is done by using the Kruskal-Wallis H test method because the data are not normally distributed. Based on the test results found a significant difference between the Dividend Payout Ratio companies that have high EPS with low EPS. Companies that have high EPS paying high dividend payout ratio than companies that have low EPS. The results also found no significant difference between the payment of Dividend Payout Ratio companies that have high leverage with companies that have low leverage, so also there is no difference between large-sized companies with a smaller company.

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