Perbedaan Saham Blue Chip dan Non Blue Chip: Analisis Volume Perdagangan dan Return Saham Atas Kebijakan Stock Split

The stock split phenomenon is still challenging to understand the returns to companies and investors. A stock split is a corporate actions to break up more shares so that the price per share changes to a smaller one, which aims to increase stock liquidity. The purpose of this study is to analyze differences in trading volume, and stock returns before and after the company's stock split policy implemented in blue-chip and non blue-chip Indonesian companies in the 2017-2019 period, amounting to 34 companies. This study uses data analysis techniques in the Wilcoxon Signed Ranks Test and the Mann-Whitney T-Test. The results showed a significant difference to the average trading volume, but there was no significant difference to the average stock return before and after the stock split policy. The test results of the average difference between blue chip and non blue-chip companies have no significant differences. The company's market capitalization has no significant effect on stock returns and trading volume in the stock split period. The results of this study can be used as reference material for investors and companies in making decisions.

VALUASI BISNIS PERUSAHAAN PT JAMINAN PEMBIAYAAN ASKRINDO SYARIAH DALAM RANGKA IPO DI TAHUN 2022

In order to absorb the potential of the sharia guarantee business in the future which will grow rapidly, PT Jaminan Pembiayaan Askrindo Syariah with the brand name "Askrindo Syariah" will carry out corporate actions, one of which is an initial public offering (IPO) in 2022. Askrindo Syariah's performance shows an increase in 5 years. However, Askrindo Syariah's business profile, which is mostly high-risk products, shows that the company's performance is not optimal even though it has increased. Accordingly, Askrindo Syariah needs to set a strategy in preparation for the IPO. The purpose of this study was to determine the business valuation of the company's strategy for Askrindo Syariah related to the initial public offering (IPO) plan in 2022. The results of the study show that the fair value range of share prices related to Askrindo Syariah's decision to carry out an IPO in 2022, based on the calculation of free cash flow to equity, the value of the company in 2022 is IDR 2,111,814 per share, while based on the relative valuation the book value is amounting to Rp 2,331,168,- per share. The results of this study can also determine the business valuation in 2025, the value of the company based on calculations using the FCFE method is Rp.2,929,706, - while based on the book value method is Rp.3,383,228,-. To maintain the company's value as projected, Askrindo Syariah needs to implement a company strategy to reach good underwritting quality product

Polish citizens' pension investment preferences in the context of their awareness of climate change

Climate change and the level of future pension benefits are challenges for the next generations. One of the answers to both problems is to push capital savings towards sustainable ESG (Environment, Social, Governance) investments. At the same time, most studies show that the lack of so-called “green products” in the investment market is caused by a lack of demand. It will probably change, both due to the growing awareness of climate change, and thus the pressure of retail investors and mainly due to regulations introduced by public institutions, especially by the European Union. The article aims to verify whether Polish individual investors and people with additional capital pension insurance can create significant pressure on fund managers, to increase the share of the green investments in their investment portfolio. In this context, I assume that shareholders (who care about financial profit) are also stakeholders (so they do not want to feel the negative effects of corporate actions on the climate and will take it into account when investing). Using statistical analysis of data collected as part of a nationwide survey on a representative sample of Poles (N = 2416), I answer the following questions: are people who believe that the anthropogenic climate crisis is an important problem more willing to invest in ESG, and if such investments would combine with less profit, would they have decided to so anyway?

Corporate Actions

This chapter evaluates the rules that determine the attribution of the actions of human actors to companies. These contain elements that demonstrate that company law is designed for the operation of organizations and that therefore a real entity theory is best suited to explain the law as it stands, and also to formulate normative recommendations. Indeed, conceiving companies as serving real entities helps to explain the approach taken by the law in relation to corporate criminal liability. Companies are actors whose acts are sometimes determined by their shareholders and directors. But they do not fully control what companies do. Companies act autonomously through habits and procedures that have formed between the individuals who act for and contribute to them. These procedures cause companies to become independent of their individual actors and can lead to blameworthy conduct.

The Building and Breaking of Peace

The Building and Breaking of Peace considers the role of corporate firms in building peaceful societies. Examining the corporate motives for peacebuilding and then the implications of these activities for preventing violence and conflict resolution creates a holistic picture of the peace and conflict process. The book examines variation in corporate engagement as a product of corporate culture and shifts in government capacity, as well as threats to the ability to conduct business. Corporations engage in peacebuilding when there is a gap in the state’s capacity to enforce laws creating the demand for engagement but when there is stability that enables firms to supply peacebuilding. The book then considers the implications of corporate engagement for preventing and ending violence. Building on the rational choice theory of civil war and drawing from business research, The Building and Breaking of Peace examines the role of corporate firms in building peaceful societies. While firms are uniquely situated in their ability to raise the cost of violence, an active private sector acts as an additional veto player in the bargaining process, making it significantly harder to reach an agreement. The findings suggest that corporations help to prevent violence but not resolve it. These arguments are tested on original cross-national data of peacebuilding efforts by firms in Latin America, the Middle East, and Africa from 2000 to 2018 and in-depth case analyses of corporate actions and outcomes in Colombia, Northern Ireland, and Tunisia.

Pollution Accounting for Corporate Actions: Quantifying the Air Emissions and Impacts of Transportation System Choices Case Study: Food Freight and the Grocery Industry in Los Angeles

Credible corporate commitments to environmental and sustainability outcomes build upon reasonable estimates of corporate impacts and realistic plans to ameliorate those impacts. Although many companies have already begun to account for their goods movement emissions, the vast majority of environmental, social, and governance (ESG) disclosures do not. This report creates and critically evaluates two complementary accounting mechanisms for air pollution emissions resulting from local transportation systems—for use in ESG disclosure and impact mitigation planning. These mechanisms are applied to a case study of businesses involved in food freight in Los Angeles: demonstrating the scope of local goods movement impacts on air quality and climate, and paving a path for additional analyses to follow. By quantifying the scope of impact from certain business and supply chain operations, this analysis makes the case for enhanced corporate responsibility by documenting and then reducing transportation system emissions from supply chain and logistics systems.

Corporate Criminal Liability Not Fulfill the Rights of Persons with Disabilities

This research aimed to review a corporate action which contains the elements of a criminal act that do not fulfill the rights of Persons with Disabilities and liability as stated in Constitutions Number 8 of 2016 concerning Persons with Disabilities. This research using normative law method, the approach that used is statute and conceptual approach. This research shows that the elements of corporate actions that have implications for criminal acts in this law are actions of corporate management acting on behalf of the corporation or the policies of the corporation that have ignored or prohibited persons with disabilities from obtaining their rights as stated in the law. The corporation accountability in Constitution Number 8 of 2016 concerning disability person there are 2 kinds, administrative sanctions and second, cumulative criminal sanctions, namely in the form of imprisonment and fines. Whereas, the concept of criminal liability against corporations used in this law is the corporation as a responsible policy maker and administrator, in the sense that the criminal act according to this law is violated by the corporation, the corporate management will be responsible according to the cumulative criminal sanctions contained in the law.

Prospect theory: an analysis of corporate actions and priorities in pandemic crisis

Purpose The purpose of this study is to examine and interpret the findings from different sources on the corporate decisions during COVID-19. Design/methodology/approach The COVID-19 is a new phenomenon; grounded theory research approach is adopted to develop propositions on prospect theory and strategic decisions. The paper examines and interprets the findings from different sources on the corporate decisions during COVID-19. Findings Conventionally, it is believed that innovation brings risks, and individuals preferred certainty over uncertainty, even if the gains under uncertainty were twice as high. But, the results of the study indicate a divergent trend. Under threat perceptions of risks, companies explore significant opportunities and possibilities for organizational growth. Practical implications The study provides a framework to analyze the strategic decisions of corporate enterprises. The decisions replicate value function as concave in a gain situation and convex in a loss realm in times of pandemic crises. Originality/value This paper uses “actions taken” by enterprises offering various solutions in the testing times. The study is multidisciplinary in nature; it analyses the transformation strategic decisions in the context of economic and social dimensions for surviving the pandemic crises. The study provides a foundation for future research, as inferences are based on select examples.