scholarly journals Indonesian Stock’s Influencer Phenomenon: Did Financial Literacy on Millennial Age Reduce Herding Behavior?

2021 ◽  
Vol 23 (2) ◽  
pp. 62-68
Author(s):  
Ananda Chairunnisa ◽  
Zuliani Dalimunthe
Keyword(s):  
Significant Influence ◽  
Capital Market ◽  
Financial Literacy ◽  
Stock Price ◽  
Individual Investors ◽  
Herding Behavior ◽  
Significant Evidence ◽  
Behavioral Bias ◽  
Significant Difference ◽  
Shared Information

In Indonesia's capital market, there was a phenomenon that famous influencers seem to lead to behavioral bias in the stock market. The stock price changed significantly after those stock influencers shared information or recommended certain stocks. This research examined how the stock influencer's credibility affected investors' investment in recommended stock. We collected data from 132 individual investors who participated in the research. We used a questionnaire with a 5-Likert scale. The result showed that an influencer's credibility had a significant influence on investors' herding behavior. However, there was no significant evidence that financial literacy matters in that relationship. Interestingly, we found there was no significant difference in herding behavior between millennial and non-millennial investors.

scholarly journals Harga Saham Sebelum dan Sesudah Stock Split

2020 ◽  
Vol 3 (2) ◽  
pp. 390-395
Author(s):  
Junita Putri Rajana Harahap ◽  
Murni Dahlena Nasution
Keyword(s):  
Event Study ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Research Method ◽  
Price Difference ◽  
Significant Difference ◽  
Stock Split ◽  
Before And After ◽  
A Company

The stock split causes the stock price to be cheaper so that it will attract potential investors to buy the stock. This research was conducted to determine when it is time for a company to do a stock split, information available on the capital market can be used by investors for consideration before investors make a decision to invest in shares. The study aims to determine the changes that occur in stock prices before and after the stock split policy by the company. The research method used in this research is event study research with a quantitative approach. This study examines how significant the stock price difference is after a stock split policy. The sample used in this study were all companies that carried out the 2016-2018 stock split policy. The results of research on companies that become samples have shown that the average stock price before the announcement of the stock split policy has no significant difference with the average stock price after the announcement of the stock split policy Keywords : Stock Price, Stock Split

scholarly journals PERBANDINGAN HARGA SAHAM PERUSAHAAN FARMASI BUMN SEBELUM DAN SESUDAH PENGEMBANGAN VAKSIN VIRUS CORONA (COVID-19)

2021 ◽  
Vol 7 (3) ◽  
Author(s):  
Morenly Marchel Welley ◽  
Franky N. S Oroh ◽  
Mac Donald Walangitan
Keyword(s):  
Capital Market ◽  
Stock Price ◽  
Vaccine Development ◽  
Share Price ◽  
Analysis Technique ◽  
Significant Difference ◽  
Before And After ◽  
The Difference ◽  
The Government ◽  
National Economies

ABSTRACT: The existence of an extraordinary event that occurred, namely the Covid-19 Pandemic, caused the global and national economies to experience obstacles. Not only does it have an impact on the economy, but this also has an impact on the capital market. The President's announcement regarding the development of the Covid-19 vaccine provides hope for the economy and capital market to revive. The state-owned pharmaceutical company appointed by the government has also benefited from vaccine development. The purpose of this study was to determine the difference in the share price of BUMN Pharmaceutical Companies before and after the development of the corona virus vaccine (Covid-19). The data analysis technique used in this study was the Paired sample t-test. The results showed that (1) the stock price of KAEF before the announcement of vaccine development and the stock price of KAEF after the announcement of vaccine development was a significant difference and (2) the stock price of INAF before the announcement of vaccine development and the stock price of INAF after the announcement of vaccine development had a significant difference.

scholarly journals Financial Literacy and Stock Price Informativeness: a Cross-Country Study

2018 ◽  
Vol 63 (1) ◽  
pp. 63-72
Author(s):  
Anita Todea
Keyword(s):  
Private Information ◽  
Stock Prices ◽  
Financial Literacy ◽  
Stock Price ◽  
Individual Investors ◽  
Specific Information ◽  
Price Informativeness ◽  
Stock Price Informativeness ◽  
The Individual ◽  
The Impact

Abstract This paper examines the impact of financial literacy on stock price informativeness in a sample of firms from 20 countries. Using four measures of stock price informativeness, we find a significant relationship between higher financial literacy and higher stock price informativeness. The individual investors’ contribution regarding the incorporation of specific information into stock prices includes private information also and not mere specific information in the general sense. Financial knowledge is the key element that helps individual investors to incorporate specific information into stock prices.

scholarly journals Is the Social Responsibility Information Disclosed by the Companies really Valuable?—Evidence from Chinese Stock Price Synchronicity

2018 ◽  
Vol 10 (10) ◽  
pp. 3578 ◽  
Author(s):  
Jingwen Dai ◽  
Chao Lu ◽  
Yang Yang ◽  
Yanhong Zheng
Keyword(s):  
Social Responsibility ◽  
Capital Market ◽  
Stock Price ◽  
Listed Companies ◽  
Market Pricing ◽  
Stock Price Synchronicity ◽  
Pricing Efficiency ◽  
Significant Difference ◽  
The Media ◽  
The Impact

Social responsibility information disclosed by listed companies is an important way to transfer non-financial information to the stock market, which affects the level of stock price synchronicity. In order to explore whether Corporate Social Responsibility (CSR) information is valuable in improving capital market pricing efficiency, this paper conducted empirical research based on a sample of China Shanghai and Shenzhen A-share listed companies in years 2010–2015. The results showed that: (1) Overall, there is a significant positive correlation between CSR information and stock price synchronicity; (2) under different disclosure motives, there is no significant difference in the impact of CSR on stock price synchronicity; (3) Securities analysts and institutional investors can negatively regulate the positive relationship between CSR and stock price synchronicity, while the media will intensify the positive effect of CSR on stock price synchronicity. This research is of great significance in promoting the fulfillment of CSR and improving capital market pricing efficiency.

scholarly journals Sector Wise Stock Market Performance during Pre and Post Covid Era

2021 ◽  
Vol 11 (2) ◽  
pp. 200-205
Author(s):  
Dr. Avijit Sikdar
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Price ◽  
Listed Companies ◽  
Share Price ◽  
Daily Return ◽  
Banking And Finance ◽  
Stock Market Performance ◽  
Significant Difference ◽  
The Usa

The spread of the Covid-19 pandemic has an unprecedented and immense impact on the world economy as well as the Indian economy. The stock market, treated as a barometer of the economic activity of any country is adversely affected. Not even in India, countries like Germany, France, the USA, and Spain have been strongly affected. Nationwide lockdown, restriction on the transportation system, demand-supply disequilibrium lead to slow down in the economy and create a fear factor among the participants of the capital market. Rapid fall in the share price and increased volatility are identified during this period.  The present study tries to compare the stock price return volatility, no of the transaction, and delivery percentage of various listed companies listed on BSE during the pre and post COVID 19 periods to examine the effect of this pandemic on the economy as a whole. Period of Study: In this paper, we have consideredthe pre-covid period from 1st September 2019 to 15th March 2020 and post covid period from 16th March 2020 to August 2020. Sample: for this study, we have selected 50 BSE listed Companies covering 5 sectors, viz. Pharma, Automobile, Industrial Products, Banking and Finance, and Consumer Goods. Statistical Method: We have used paired sample t-test for comparing the arithmetical mean of different capital market parameters for these two sub-periods for each sector separately and standard deviation of daily return as a measure of volatility. Conclusion: From the study, we have observed that average daily share price; average daily return; daily no. of transactions and volatility is significantly different from pre and post covid period for most of the sectors. However, we have not perceived any significant difference in the delivery percentage of traded shares of these sectors between two study periods.

scholarly journals Influence Analysis of DPS, EPS, and PBV toward Stock Price and Return

The Winners ◽  
2018 ◽  
Vol 19 (1) ◽  
pp. 21
Author(s):  
Sebastianus Laurens
Keyword(s):  
Quantitative Analysis ◽  
Linear Regression ◽  
Significant Influence ◽  
Capital Market ◽  
Stock Price ◽  
Stock Return ◽  
Quantitative Method ◽  
Influence Analysis ◽  
Independent Variable

The research revealed whether there was a significant influence of DPS, EPS, and PBV towards stock price and return. This research used a quantitative method to determine the influence of the independent variable towards the dependent variable. The quantitative analysis was conducted with statistic technic calledmultiple linear regression with data taken from Indonesia Capital Market Directory year 2005 and 2008. The result shows similar results with the previous research that there is no influence between DPS and stock price as well as there is an influence on stock return. EPS shows that there is influence of stock price and return. For PBV, there is an influence on stock price, but there is no an influence on stock return.

scholarly journals REAKSI PASAR MODAL INDONESIA TERHADAP PERISTIWA PERANG DAGANG AMERIKA SERIKAT DAN CHINA

2021 ◽  
Vol 5 (1) ◽  
pp. 50-59
Author(s):  
Yani Rahmawati ◽  
Hendra Gunawan
Keyword(s):  
United States ◽  
Capital Market ◽  
Stock Price ◽  
Abnormal Returns ◽  
Secondary Data ◽  
The United States ◽  
Wilcoxon Test ◽  
Stock Index ◽  
Significant Difference ◽  
Trade War

This research is an event study which aims to analyze the reaction of the Indonesian capital market, especially on LQ45 shares before and after political events that occur abroad. The event that became the object of observation was the trade war that occurred between the United States and China by using 12 events related to trade wars starting from 2014 to 2019, using the abnormal return indicator. The sample in this study are companies that are in the LQ45 stock index. The data used is secondary data in the form of the company's daily closing price and the Composite Stock Price Index (CSPI). The statistical test used to test the research hypothesis is the paired t-test which was tested on 11 events, and there was 1 event using the Wilcoxon test. The results showed that the trade war between the United States and China did not result in a significant difference in abnormal returns on LQ45 stocks with the observed period. So it can be said that the Indonesian capital market did not react to the 12 events of the trade war between the United States and China.

scholarly journals PENGARUH ROA, ROE, TOTAL REVENUE, DAN BI RATE TERHADAP SAHAM PADA SEKTOR TRANSPORTASI TAHUN 2009-2014

2020 ◽  
Vol 4 (3) ◽  
Author(s):  
Devinta Nur Arumsari
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Multiple Regression Analysis ◽  
Significant Influence ◽  
Capital Market ◽  
Random Sampling ◽  
Stock Price ◽  
Secondary Data ◽  
Transport Sector ◽  
Total Revenue

This research aims to test the influence of ROA, ROE, The Total Revenue and the BI rate towards the transport sector stocks. The sample of this research is the transportation company registered in BEI in 2009-2014 and is chosen by the method of random sampling. The data used are the panel data with secondary data typescollected by the method documentation. Hypothesis testing is done by the method of multiple regression analysis that views of R-Squared with e-views program results showed that ROA, ROE, Total Revenue doesn’t have a significant influence on the price of the shares, while BI Rate has a significant influence on the price of the stock. This research contributes to the development of the capital market in particularscience-related stock price.

scholarly journals LITERASI DAN EFIKASI KEUANGAN TERHADAP MINAT MAHASISWA BERINVESTASI DI PASAR MODAL

2019 ◽  
Vol 12 (1) ◽  
pp. 37
Author(s):  
Tri Pangestika ◽  
Ellen Rusliati
Keyword(s):  
Data Analysis ◽  
Data Collection ◽  
Hypothesis Testing ◽  
Multiple Regression ◽  
Significant Influence ◽  
Capital Market ◽  
Financial Literacy ◽  
Coefficient Of Determination ◽  
Market Data ◽  
Multiple Analysis

This study aims to determine how the literacy and financial efficacy of interest in investing in the capital market. Data collection and library techniques are already done by giving questionnaires to 83 students of the Faculty of Economics and Business in Pasundan University that has been determined criteria in order to get a representative result. Methods of data analysis are multiple regression, multiple analysis, coefficient of determination analysis and hypothesis testing. The results showed that the financial, financial and student literacy in the Faculty of Economics and Business of Pasundan University was categorized as good. Simultaneously literacy and financial efficacy have a significant influence that is 85.3% of interest in investment, partially financial literacy has a significant influence that is equal to 79.9% of student investment interest and financial efficacy has a significant influence of 5.4 to interest in student investment.

scholarly journals PENGARUH PERISTIWA PENGUMUMAN KABINET KERJA JOKOWI DAN JUSUF KALLA TERHADAP PASAR MODAL DI INDONESIA

2014 ◽  
Vol 4 (2) ◽  
pp. 126
Author(s):  
Siti Nur Wijayanti ◽  
Tina Sulistiyani
Keyword(s):  
Capital Market ◽  
Stock Price ◽  
Abnormal Return ◽  
Research Method ◽  
T Test ◽  
Announcement Effect ◽  
Testing Instrument ◽  
Paired Sample ◽  
Significant Difference ◽  
Price Differences

The purpose of this research is to analyze the effect of announcement event from Kabinet Jokowi-Jusuf Kalla toward capital market in Indonesia as seen in the stock price differences and occurences of abnormal return. This research uses event study research method conducted for 30 days. That is the first fifteen days before the event the event and fifteen days after the event began from October 6th, 2019 until November 14th, 2014. The testing instrument used for seeking the differences of stock price in every company uses Paired Sample T Test. While for abnormal return testing the researcher uses One Sample T Test. The result of the research shows that announcement effect of Kabinet Kerja Jokowi-Jusuf Kalla in Indonesian capital market gives significant difference on 14 companies from 24 companies which is incorporated in Jakarta Islamic Index (JII) in period of June to November 2014. The second result of the research shows a presence of abnormal return that can be seen on Ciputra Development Tbk. Because of announcement effect from Kabinet Kerja Jokowi-Jusuf Kalla in Indonesian capital market.

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