scholarly journals ASSESSMENT OF INDIVIDUAL AND INSTITUTIONAL INVESTOR’S INVESTMENT BEHAVIOR DURING COVID-19. A CASE OF EMERGING ECONOMY

2021 ◽  
Vol 37 (03) ◽  
pp. 267-277
Author(s):  
Sybert Mutereko ◽  
Abid Hussain ◽  
Aamir Sohail
Keyword(s):  
Thematic Analysis ◽  
Capital Market ◽  
Stock Exchange ◽  
Data Interpretation ◽  
Investment Behavior ◽  
Fund Managers ◽  
Stock Investment ◽  
Retail Investors ◽  
Stock Investments ◽  
Ability Bias

In the study of stock investment in capital market by investors in Pandemic Covid-19, it is always carried out rationally. Indeed, the decisions on stock investments are not always rational.The main purpose of this research is to analyze the behavioral factors that affect the preferences of individual’s investors and fund managers in the emerging stock market, Pakistan Stock Exchange. The data of this research were collected through interviews semi structured with the five investor and five fund managers from the stock exchange from Pakistan. The researchers used thematic analysis for data interpretation. The major findings stress that retail investors are more effected by behavioral biases in comparison with fund managers. Further, the results shows that there are some major biases which are effecting both type of investors such as: Herding, Market, Prospect, Overconfidence- gambling errors and Anchoring-ability bias. This study fills a gap in literature on investor psychological response during pandemic epidemic. According to the report, policymakers should devise a strategy to combat COVID-19. To avoid future catastrophes, government should control the health-care budget.

ASSESSMENT OF INDIVIDUAL AND INSTITUTIONAL INVESTOR’S INVESTMENT BEHAVIOR DURING COVID-19: A CASE OF EMERGING ECONOMY

2020 ◽  
Vol 01 (01) ◽  
pp. 93-104
Author(s):  
Aamir Sohail ◽  
Abid Hussain ◽  
Farhad Hussain
Keyword(s):  
Stock Exchange ◽  
Data Interpretation ◽  
Individual Investors ◽  
Investment Behavior ◽  
Structured Interviews ◽  
Fund Managers ◽  
Stock Investment ◽  
Retail Investors ◽  
Stock Investments ◽  
Ability Bias

In study of stock investment in the capital market by investors in Pandemic Covid-19, it is always carried out rationally. Decisions on stock investments are not always rational. main purpose of research is to analyze behavioral factors that affect preferences of individual’s investors and fund managers in emerging stock market, Pakistan Stock Exchange. The data of this research were “collected through semi-structured interviews with five fund managers and five individual investors” from Pakistan Stock Exchange. The researchers used thematic analysis for data interpretation. The major findings stress that retail investors are more effected by behavioral biases in comparison with fund managers. The results shows that there are some major biases which are affecting both type of investors like overconfidence-gambling, herding, market, prospect, errors and anchoring-ability bias. Data for this study was collected for one time only, for better understanding data may be collected for more than one time in future. Triangulation method may be directed in future for further clarification in existing study.

scholarly journals ANALISIS INVESTASI SAHAM PERUSAHAAN GO PUBLIC SEKTOR PERTANIAN DI BURSA EFEK JAKARTA

2017 ◽  
Vol 11 (3) ◽  
pp. 391
Author(s):  
Artie Arditha ◽  
Endang Asliana
Keyword(s):  
Capital Market ◽  
Stock Price ◽  
Human Error ◽  
Stock Exchange ◽  
Portfolio Analysis ◽  
Investment Analysis ◽  
Statistical Software ◽  
Stock Investment ◽  
Stock Investments ◽  
Stock Price Movements

Investors, in a capital market, have to observe and analyze the companies’ stock price movements in order to minimize the risk in having stock investments. One of the techniques in analyzing companies’ performance is the stock investment analysis or portfolio analysis. By using the portfolio analysis, this research finds out the best combination of stock investment of PT PP London Sumatera Tbk. (LSIP) and PT Astra Agro Lestari Tbk. (AALI), as go public agricultural companies listed in Jakarta Stock Exchange. After finding the best combination of stock investment of those companies, this research also finds out whether the combination is at the optimum portfolio which would be on the least risk and a particular return or on the highest return and a particular risk. The research was held in 2006 and the data was taken from January 2004 to December 2005. The data was processed by using statistical software in order to minimize the human error. The result shows that there are two best combinations of stock investment on those companies. Those combinations are at the optimum portfolio. The first combination shows 30% of stock investment in LSIP and 70% stock investment in AALI, while the second combination shows 20% stock investment LSIP and 80% stock investment AALI. Investors should choose one of these combinations, because according to the research, these combinations would give them the best return at the least risk.

scholarly journals ANALISIS INVESTASI SAHAM PERUSAHAAN GO PUBLIC SEKTOR PERTANIAN DI BURSA EFEK JAKARTA

2018 ◽  
Vol 11 (3) ◽  
pp. 391-410
Author(s):  
Artie Arditha R ◽  
Endang Asliana
Keyword(s):  
Capital Market ◽  
Stock Price ◽  
Human Error ◽  
Stock Exchange ◽  
Portfolio Analysis ◽  
Investment Analysis ◽  
Statistical Software ◽  
Stock Investment ◽  
Stock Investments ◽  
Stock Price Movements

Investors, in a capital market, have to observe and analyze the companies’ stock price movements in order to minimize the risk in having stock investments. One of the techniques in analyzing companies’ performance is the stock investment analysis or portfolio analysis. By using the portfolio analysis, this research finds out the best combination of stock investment of PT PP London Sumatera Tbk. (LSIP) and PT Astra Agro Lestari Tbk. (AALI), as go public agricultural companies listed in Jakarta Stock Exchange. After finding the best combination of stock investment of those companies, this research also finds out whether the combination is at the optimum portfolio which would be on the least risk and a particular return or on the highest return and a particular risk. The research was held in 2006 and the data was taken from January 2004 to December 2005. The data was processed by using statistical software in order to minimize the human error. The result shows that there are two best combinations of stock investment on those companies. Those combinations are at the optimum portfolio. The first combination shows 30% of stock investment in LSIP and 70% stock investment in AALI, while the second combination shows 20% stock investment LSIP and 80% stock investment AALI. Investors should choose one of these combinations, because according to the research, these combinations would give them the best return at the least risk.

scholarly journals Pemahaman Mahasiswa Tentang Saham Syariah Sebelum dan Sesudah Berdirinya Galeri Investasi Syariah BEI

2020 ◽  
Vol 5 (1) ◽  
pp. 30
Author(s):  
Desi Isnaini ◽  
Cipta Isratul Muslih
Keyword(s):  
Stock Exchange ◽  
Educational Tools ◽  
Stock Investment ◽  
Economics Majors ◽  
Stock Investments ◽  
Islamic Investment

The purpose of this study is (1) to find out how students understand of Islamic Economics majors about Islamic stock investments before the establishment of the IDX Islamic Investment Gallery IAIN Bengkulu at the Faculty of Islamic Economics and Business. (2) to find out how students understand of Islamic Economics in the Islamic about stock investment department after the establishment of the Indonesia Stock Exchange Islamic Investment Gallery IAIN Bengkulu at the Faculty of Islamic data in the form is observation, interviews, and documentation. The results of this study is : (1) before enstabilistment GIS many students knows Islamic stocks is still limited to theory because there is no place of practice and educational tools to better understand about Islamic stock investment. (2) after the formation of GIS, students' understanding of sharia shares has increased compared to before the enstabilistment of GIS. Students have used existing support facilities.

scholarly journals PROTECTION IN RETAIL INVESTORS DISADVANTED BY FAKE TRANSACTION PRACTICE (CORNERING THE MARKET)

2018 ◽  
Vol 2 (1) ◽  
pp. 55-64
Author(s):  
DESTU ARGIYANTO
Keyword(s):  
Capital Market ◽  
Stock Exchange ◽  
Market Manipulation ◽  
Trading Activity ◽  
Stock Trading ◽  
Retail Investors ◽  
Market Situation ◽  
Misleading Statement

The practice of fake transaction is a stock trading practice that incurs many losses, especially for retail investors who basically do not control the market in majority on the floor of the stock. This practice may threaten the liquidity and credibility of capital market activities in Indonesia. Pseudo transaction is one of the crimes prohibited in Capital Market Law which fall into the category of market manipulation. In simple terms, market manipulation is an activity undertaken by a person either directly or indirectly creating a false or misleading image of a trading activity, market situation, or price of Securities at a Stock Exchange or giving a statement, or an improper, or misleading statement so that the price of the securities in bursa affected. Provisions on market manipulation are provided in Articles 91, 92 and 93 of Law Number 8 of 1995 concerning the Capital Market.Keywords : Concerning the market, Ritel Investors, Protection

scholarly journals Keputusan Investasi Saham Dengan Pendekatan Price Earning Ratio Pada Perusahaan Rokok yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 7 (1) ◽  
pp. 32-36
Author(s):  
Seno Hadi Saputro ◽  
Kartika Yuliantari
Keyword(s):  
Quantitative Analysis ◽  
Capital Market ◽  
Sampling Method ◽  
Applied Research ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Purposive Sampling ◽  
Stock Investment ◽  
Ratio Approach ◽  
The Capital Market

Investing in the capital market is one way to improve investor welfare in the future. Investors invest in the capital market to benefit from the funds invested sourced from businesses that have funds. This study aims to analyze stock investment decisions with the Price Earning Ratio approach to cigarette companies listed on the Indonesian stock exchange. This type of research is applied research (Applied Research) with descriptive quantitative analysis. In this study, sampling was conducted based on purposive sampling method with sample criteria, namely companies listed on the Indonesia Stock Exchange from December 2015 - September 2019 and showed positive profits from December 2015 - September 2019. The results of this study are warehouses Garam Tbk, HM Sampoerna Tbk and Wismilak Inti Makmur Tbk are in an Undervalued condition and if the company is in these conditions it is recommended to buy these shares or if they already have can add to their shares. Keywords: stock investment, Price Earning Ratio, cigarette company

scholarly journals Optimisme Investor dan Kinerja Jangka Panjang Saham Pasca Initial Public Offerings yang Listing Di Bursa Efek Indonesia

2020 ◽  
Vol 4 (1) ◽  
pp. 43-54
Author(s):  
Mu’minatus Sholichah
Keyword(s):  
Initial Public Offerings ◽  
Capital Market ◽  
Stock Exchange ◽  
Company Size ◽  
Public Offerings ◽  
Long Period ◽  
Stock Investment ◽  
Long Term Performance ◽  
Term Performance

This study discusses and analyzes from the perspective of investor optimism and long-term performance after the IPO in the Indonesian capital market. Observations will be made regarding the influence of investors on the increase in the length of shares after the IPO with control variables of company size, company age, offer size, the achievement of underwriters, profitability on the Indonesia Stock Exchange. This study uses data from 2004-2017, with 194 IPO companies from 2004-2015 in the Indonesian capital market. Testing is done by using two drunken linear regression. The results of this study indicate that investors in the Indonesian capital market not only consider irrational factors but also consider rational factors about the company's character in making decisions to buy IPO shares. The characteristics of the company include the size of the company and the size of the stock offering. This study provides benefits for IPO stock investors who rely on the benefits of initial stock investment in a relatively long period of time so as not to suffer losses

scholarly journals Do Equity Mutual Fund Managers Possess efficient Stock Selection Skills?

2020 ◽  
Vol 8 (6) ◽  
pp. 5773-5780
Keyword(s):  
Mutual Funds ◽  
Capital Market ◽  
Mutual Fund ◽  
Stock Selection ◽  
Fund Manager ◽  
Mutual Fund Managers ◽  
Fund Managers ◽  
Investment Firm ◽  
Research Document ◽  
Stock Investments

With a primary and single intent, Investors wants to take a position his hard earning money in such investment product which generate higher returns to him . Bunch of Investment options are there for Today’s Investors in this financial world, starting from Equity Stock investments to Gold, from property to Fixed Deposit and From Mutual Funds to Investments in Commodities. Supported risk craving & return desire, Investors can select from these investment avenues. Lagging in knowledge, experience & resources for directly accessing the capital market, also investors generally don’t have adequate time, they need to depend upon a mediator, which undertakes informed investment decisions & provides substantial benefits of professional proficiency. Therefore investment firm has been came with this plus point for such kind of investors through which they’ll have also access to capital market indirectly. A mutual fund is that the best suited investment for the ordinary saver because it proposes a chance to take a position in a diversified, professionally managed hamper of securities at a moderately squat price.Usually, the main focus in evaluating the performance of a mutual fund has been on fund manager’s skill available in stock selection. This paper is a pragmatic measurement of the performance of mutual fund managers in terms of “Stock selectivity”, within the structure suggested by Eugene Fama (1972). The study examines the performance of 34 Equity Linked Saving Schemes. The reference period for the study is January 2015 to December 2019. Stock selection is that the nub within the investment administration & management process. It involves identifying and selecting undervalued securities which among other things requires the successful forecasting of the corporate specific events or a capability to predict the final behavior of security prices within the future. If the fund manager is in a position to spot and choose the undervalued securities for the portfolio, then it’ll be possible for the fund manager to extend the returns of the schemes and vice versa. In practice fund managers are expected to produce advanced returns for unit holders Constantly as being professionals therefore possess superior skills to gather and analyze the information with the aim to pick the correct style of securities for the portfolio. In this research document stock selectivity skills of fund managers of Equity Linked Savings Scheme were dissected by using Jensen’s Alpha and Fama’s net selectivity measure. The upshot of the study reveal that bulk of the schemes has shown assenting alpha and most of the fund managers possess finer selectivity skills

scholarly journals A Quantitative Approach to Evaluate the Financial Performance of Growth Oriented Bangladeshi Close-end Mutual Funds: An Empirical Study

2020 ◽  
pp. 55-65
Author(s):  
Washeka Anjom
Keyword(s):  
Financial Performance ◽  
Mutual Funds ◽  
Capital Market ◽  
Mutual Fund ◽  
Stock Exchange ◽  
Research Work ◽  
Vital Role ◽  
Asset Value ◽  
Net Asset Value ◽  
Retail Investors

Mutual fund, an investment vehicle by retail investors,is playing a vital role in our capital market by transforming the sum of the invested funds of investors into investing in a diversified portfolio by the professional investment managers.Since 1980, the mutual funds have been emerging rapidly in the stock market of Bangladesh. This research work attempts to evaluate the financial performance of growth-oriented Bangladeshi Close-end mutual funds traded in Chittagong Stock Exchange (CSE). In order to fulfill the objectives of the paper, ten mutual funds out of thirty-six have chosen. The Prime data used is the Net Asset Value (NAV) of the selected mutual funds and the returns of the CS 30 as a benchmark index. This paper concentrates on the evaluation of mutual funds by employing various research methodologies such as Treynor’s ratio, Sharpe ratio,and Jensen’s alpha and Regression Analysis. Finally, an attempt has also undertaken to assess the statistical relationship between the performance CS 30 and the mutual funds.

scholarly journals The Influence of the Fundamental and Macroeconomic Factors on Manufacturing Companies’ Stock Returns

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Siska Gita Pratiwi ◽  
Robiyanto Robiyanto ◽  
Samuel Martono
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Macroeconomic Factors ◽  
Book Value ◽  
Stock Investment ◽  
Equity Ratio

Investments are made to obtain future benefits. Stocks are one of the most popular investments in the capital market. The advantage that can be obtained from the stock investment is stock returns, where the returns obtained can be positive or negative. This study aims to analyze the influence of fundamental and macroeconomic factors on stock returns of manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2019. This study used secondary data and the sample of this research was 37 manufacturing companies obtained through the purposive sampling method with panel regression as the data analysis. The results showed that the fundamental factors that affect stock returns are Price to Book Value (PBV), while the Debt to Equity Ratio (DER) and Price to Earnings Ratio (PER) do not affect manufacturing stock returns. Some macroeconomic factors such as inflation, the BI Rate, and changes in world oil prices proved to not affect the stock returns of manufacturing companies. This research implies that manufacturing companies need to pay attention to Price to Book Value (PBV) in determining stock returns.

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