STRATEGI PERDAGANGAN SAHAM DENGAN ANALISIS TEKNIS : PENGUJIAN PROFITABILITAS SINYAL SEBELUM TANGGAL PUBLIKASI LABA

The main purpose of this research is try to examine the profitability of technical analysis that arise before earnings announcements date. Using data from publication date in 2005,2006,2007 and 2008, this research show the evidence that those indicators can anticipate information that will be published in the announcements. All of the indicators, RSI(10)- SMA(10), SMA(10), and dual SMA(10,20), produce profit using data before announcements. It means that investors/stock traders can use this indicators as a trading strategy. Another results, this research finds a tendency that there is information leakage on earnings announcements

RISK MANAGEMENT ISSUES ON THE CASE STUDY OF QANTAS CRASH IN BANGKOK, SEPTEMBER 1999

The cycle of risk management is an essential procedure for every company in order to be able to manage its risks. The purpose of this discussion is to explore the risk management issue of Qantas crash in Bangkok, September 1999. Analyzing the potential factors of the safety of flying that closely related to Qantas reputation would give some understanding how to improve company performance. Outlining the six steps proposed by Augustine as a guidance to manage the crisis highlights the importance of identifying the potential crisis, preventing it to happen or even finding the potential success from it. In addition, exploring the case can generate some knowledge that can help one recognizing the effective ways to deal with crisis. Finally, by looking, at the analysis as a whole, it can be concluded that there are always risks associated with flying. Therefore every effort should be made by an airplane company toward the safety of passengers. Improving knowledge of pilot is also essential to reduce human error. Moreover, regularly updating strategy and procedure will give awareness toward the best action that should be taken when facing the crisis

The Market Quality to Technical Analysis Performance: Intercountry Analysis

The main objective of this research is to discuss the impact of market quality on technical analysis profitability using inter-country analysis. Market quality is proxied by market capitalization. Technical analysis performance (profitability) is calculated using technical analysis return for MA5 indicator and short transaction strategy. This study uses the OSIRIS and Yahoo Finance databases. Using 21 countries with 50 companies for each country, this study finds that market quality affects technical analysis performance. Robustness tests are conducted for longer moving average indicators that are MA10 and MA15. To make sure that the results are not sensitive toward the strategy used, other robustness tests are conducted by using short and long-short transaction strategies. All robustness tests confirm the findings

CAN TECHNICAL ANALYSIS SIGNALS DETECT PRICE REACTIONS AROUND EARNINGS ANNOUNCEMENT?: EVIDENCE FROM INDONESIA

This study examines whether technical analysis signals can detect price reactions before and after earnings announcement dates in Indonesian stock market. Earnings announcements produce reactions, both before and after the announcements. Informed investors may use private information before earnings announcements (Christophe, Ferri and Angel, 2004; Porter, 1992). Using technical analysis signals, this study expects that retail investors (uninformed investors) can detect preannouncements reaction. Technical analysis is selected because it is a powerful strategy, especially in developing stock market (Fifield, Power, and Sinclair.2005; Ahmed, Beck, and Goldreyer, 2000), including Indonesia (McKenzie, 2007). This study also examines technical analysis signals after earnings announcements. Using the idea that preannouncements reaction absorb post announcements reactions, this study expect that technical analysis signals difficult to detect price reaction after earnings announcements. Using Indonesian data over 2007-2011, the results show that technical analysis signal before earnings announcements can produce profit, but signals after earnings announcements do not produce same results. Using several different measures of return, the results are statistically robust. Based on those results, this study concludes that technical analysis signal can detect reaction before announcements, but the signals don’t work after earnings announcements. These findings contribute to accounting and technical analysis literatures

PENGARUH TAX AMNESTY DAN PENGETAHUAN PERPAJAKAN TERHADAP KEPATUHAN WAJIB PAJAK ORANG PRIBADI (Studi Kasus di KPP Pratama Wonocolo Surabaya)

Tax is one of the most important aspects of its role as a source of state revenue, therefore the country's largest income comes from the tax sector. Taxpayer compliance becomes one of the parts that should be improved. Tax amnesty and tax knowledge can be a problem-solving low tax compliance level. The purpose of this study is to determine and analyze the effect of tax amnesty and tax knowledge on taxpayer compliance in KPP Pratama Wonocolo Surabaya. Sampling technique in this study using unknown population that is as much as 72 people. The analytical method used in this study is multiple linear regression analysis, classical assumption test, validity test, reliability test, f test, t test, multiple correlation coefficient (R) and determination coefficient (R2). The results showed that tax amnesty and knowledge of taxation have a significant effect on taxpayer compliance in KPP Pratama Wonocolo Surabaya. The result of t test on tax amnesty is 5,177 with significance value equal to 0,000 (<0,05) so that H1 is accepted. Tax amnesty has a significant positive effect on taxpayer compliance. The result of the t test of tax knowledge is 2,605 with the significance value of 0,011 (<0,05) so that H2 is accepted. Tax knowledge has a significant positive effect on taxpayer compliance. F test results of 0.000 which means significance less than 0.05. So it can be concluded that tax amnesty and knowledge taxation simultaneously have a significant influence on taxpayer compliance so that  hypothesis  H3  proved true

PENGARUH TAX AMNESTY DAN PENGETAHUAN PERPAJAKAN TERHADAP KEPATUHAN WAJIB PAJAK ORANG PRIBADI (Studi Kasus di KPP Pratama Wonocolo Surabaya)

Tax is one of the most important aspects of its role as a source of state revenue, therefore the country's largest income comes from the tax sector. Taxpayer compliance becomes one of the parts that should be improved. Tax amnesty and tax knowledge can be a problem-solving low tax compliance level. The purpose of this study is to determine and analyze the effect of tax amnesty and tax knowledge on taxpayer compliance in KPP Pratama Wonocolo Surabaya. Sampling technique in this study using unknown population that is as much as 72 people. The analytical method used in this study is multiple linear regression analysis, classical assumption test, validity test, reliability test, f test, t test, multiple correlation coefficient (R) and determination coefficient (R2). The results showed that tax amnesty and knowledge of taxation have a significant effect on taxpayer compliance in KPP Pratama Wonocolo Surabaya. The result of t test on tax amnesty is 5,177 with significance value equal to 0,000 (<0,05) so that H1 is accepted. Tax amnesty has a significant positive effect on taxpayer compliance. The result of the t test of tax knowledge is 2,605 with the significance value of 0,011 (<0,05) so that H2 is accepted. Tax knowledge has a significant positive effect on taxpayer compliance. F test results of 0.000 which means significance less than 0.05. So it can be concluded that tax amnesty and knowledge taxation simultaneously have a significant influence on taxpayer compliance so that  hypothesis  H3  proved true

Reaksi Pasar Di Sekitar Tanggal Pengumuman Laba: Pengujian Analisis Teknikal Modern

The purpose of this research was to test the profitability of technical analysisindicators around annual earnings announcements date. Offering new technique to test marketreaction, this research preferred modern technical analysis to classical indicators because of theobjectivity of measurement. This research used Indonesian Stock Exchange data in year 2008.There were two technical indicators selected, they were RSI (5) and RSI (5)-SMA (5). Using onesample t-test, the results showed that this trading strategy was profitable around earningsannouncement date. It meant that signal could be used before announcement date. The datashowed that selling signal was statistically significant producing profit but not buying signal.Supplementary analysis results showed that there was no correlation between technical analysisreturn and earnings change. This phenomenon described that technical analysis was profitablebut data showed that there was evidence about the pattern of buying signal (selling signal)before good news (bad news)

Reaksi Asimetri Atas Sinyal Beli dan Jual Analisis Teknis: Pengujian Bias Konfirmasi Sebelum Pengumuman Laba

The main purpose of this study is to examine asymmetry reaction on buying and selling technical analysis signal before earnings announcements. Behavioral finance theory is used in explaining why confirmation bias stimulates asymmetry reaction to stock return. To support that idea, this article uses technical analysis as an important feature in testing confirmation bias. Using Indonesian stock market data, the results show that technical analysis signal produce higher return in buying signal than selling signal. Investors give different attention in anticipating technical analysis signal around earnings announcements. This finding contributes to behavioral finance and technical analysis studies

ANALISIS PENGARUH RASIO CAEL TERHADAP RETURN SAHAM PADA EMITEN PERBANKAN

Banks have an important role in the economy of a country so that banks become one of investment opportunity that is quite promising for investors. It is underlying this research on the influence of CAEL ratio to stock return of banks in Indonesia. CAEL ratio is a financial ratios that can describe financial soundness of banks. This research is a quantitative research. This study aims to test the positive relationship between CAR and LDR as well as negative relationship between BOPO and NPL on stock return of banks. Test of CAEL ratio using secondary data which obtained from Capital Market Reference Center and Indonesia Stock Exchange which accessed through www.idx.co.id. The testing technique is carried out with a combined period (2011-2016) as well as a partial period every year. From this research, the majority results obtained that there is no relationship between CAEL ratio to stock returns of banks in the combined or partial period (2011-2016)