Analisis Perbedaaan Average Abnormal Return Dan Trading Volume Activity Sebelum Dan Sesudah Peristiwa Dividen Tunai Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII) Periode 2014 – 2017

This study aims to find out and explain the market reaction caused by the corporate action announcement in the form of dividend cash made by issuers registered in the Jakarta Islamic Index for the period of 2014 to 2017. The object of research is issuers who carry out activities on the announcement of Cash Devidend in the period of observation that are registered in the Jakarta Islamist Index which has been determined based on certain criteria (purposive sampling). There are 17 issuers with a total of 91 being the research sample. The observation period consists of 60 days estimated period, 10 days before the cume date and 10 days after the cume date. The focus of the research is to see the reaction shown by changes in Average Abnormal Return and Trading Volume Activity by using paired sample t-test for trading volume activity variables and Wilcoxon sign-rank test for abnormal return variables. Processing data using Stata ver statistical tools 14 by setting a significant level of 5%. The results showed that there were significant differences in Average Abnormal Return before and after the announcement and there were no differences in the Trading Volume Activity before and after the announcement

Pengaruh Variabel Makroekonomi Terhadap Jakarta Islamic Index Periode 2011-2018

This research aims to determine the effect of Macroekonomic Variables against the sharia stock index, Jakarta Islamic Index . the approach used is quantitative by using the Vector Error Correction Model (VECM) analysis technique with the STATA program.While the Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price as dependent variables and Jakarta Islamic Index (JII) as the independent variable.Secondary data are used in this research from the official website Badan Pusat Statistik, Bank Indonesia, U.S Energy Information Administration(EIA) and yahoofinance. The result of the research shows that in the short term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price have no significant influence against Jakarta Islamic Index. While in the long term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index have signicant influence against Jakarta Islamic Index. Oil price in the long term has no significant influence against Jakarta Islamic Inde

Faktor Yang Mempengaruhi Volatilitas Harga Saham Pada Emiten Yang Terdaftar Di Jakarta Islamic Index

Tujuan dari penelitian ini yaitu meneliti pengaruh kebijakan dividen, volume perdagangan, volatilitas laba, ukuran Perusahaan dan tingkat hutang terhadap volatilitas harga saham di emiten yang terdaftar di JII dari tahun 2015 sampai 2019. Adapun manfaat dari penelitian ini dalam eksistensi pasar finansial secara global karena dapat mengukur tingkat risiko. Penelitian ini dibantu dengan alat analisis Eviews 10. Regresi data panel dipilih dalam penelitian ini. Hasil penelitian membuktikan bahwa secara individual dividend payout ratio, volume perdagangan dan volatilitas laba secara positif memiliki pengaruh yang signifikan, ukuran Perusahaan secara negatif memiliki pengaruh signifikan, dan tingkat hutang tidak memiliki pengaruh signifikan terhadap volatilitas harga saham. Secara simultan, variabel dividend payout ratio, volume perdagangan, ukuran Perusahaan, volatilitas laba, dan tingkat hutang signifikan berpengaruh terhadap volatilitas harga saham

Faktor-faktor Fundamental Yang Mempengaruhi Harga Saham Perusahaan Yang Terdaftar Di Jakarta Islamic Index Tahun 2010-2016

This research aims to determine the effect of Current Ratio, Debt Equity Ratio and Earning Per Share on stock price of Companies in Jakarta Islamic Index partially or simultaneously. The population in this study is a company registed in Jakarta Islamic Index and the sample used in this study as many as 9 companies listed in Jakarta Islamic Index that meets the criteria of purposive sampling. The observation period of the study starts from 2010 to 2016. This best of research in used quantitative analysis with multiple linear regressionshow that Current Ratio, Debt Equity Ratio and Earning Per Sharesimultaneously and significantly affect the stock price of companies in Jakarta Islamic Index. And partially variable of current ratio insignificant influence to stock price, debt equity ratio is negative and significant influence, and earning per share have positif and significant influence to stock price of company in Jakarta Islamic Index periode 2010-2016

Intellectual Capital, Kinerja Keuangan, dan Nilai Perusahaan yang Terdaftar di Jakarta Islamic Index: Pendekatan Sem-pls

This study aims to analyze the effect of intellectual capital on firm value through financial performance as a intervening variable on companies that are consistently listed on the Jakarta Islamic Index from 2014 to 2018. Based on purposive sampling techniques, there are 15 companies used as research samples. This research tested used the Structural Equation Modeling method with Partial Least Square (SEM-PLS). The measurement of intellectual capital in this study uses the VAICTM method, which consists of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). It was found that intellectual capital influence on firm's value directly and indirectly. Financial performance as a partial intermediary reflected through Return on Assets (ROA), Current Ratio (CR), Debt to Total Assets Ratio (DAR), Total Assets Turnover (TATO), and Earnings per Share (EPS). However, only ROA and TATO indicators can reflect financial performance variables. In the intellectual capital variable, there is only one valid indicator, namely physical and financial capital (VACA). The company's value in this study reflected through Market to Book Value and Tobin's Q

Reaksi Pasar Modal Syariah Terhadap Pengumuman Defisit Neraca Perdagangan

Tujuan dari penelitian ini yakni untuk menganalisis reaksi pasar dari investor sebelum dan sesudah pengumuman defisit neraca perdagangan terhadap abnormal return (AR) dan trading volume activity (TVA). Model yang digunakan untuk menghitung AR adalah Market-Adjusted Model yang didapat dari return indeks pasar yakni return pasar indeks harga saham gabungan (IHSG). Periode yang digunakan adalah 3 hari sebelum dan 3 hari sesudah pengumuman defisit neraca perdagangan. TVA digunakan untuk memperkirakan harga saham yang akan datang. Sampel dalam penelitian ini adalah saham yang tedaftar di BEI yang terrindeks di indeks saham syariah Indonesia (ISSI) menggunakan purposive sampling. Hasil menunjukkan tidak ada perbedaan yang signifikan pada AAR dan ATVA sebelum dan sesudah pengumuman defisit neraca perdagangan

Pengaruh Pengumuman Pembatasan Sosial Berskala Besar Pertama di Daerah Khusus Ibukota Jakarta terhadap Pasar Saham Syariah

Penelitian ini bermaksud untuk menganalisis pengaruh pengumuman PSBB (Pembatasan Sosial Berskala Besar) pertama DKI Jakarta terhadap pasar saham syariah, khususnya di sektor properti, real estate & konstruksi yang ditunjukkan dengan nilai return tak normal serta nilai aktivitas volume perdagangan. Metode studi peristiwa dengan model pasar digunakan dalam penelitian ini. Sebanyak 27 saham emiten yang dijadikan sampel. Pengujian statistik menggunakan uji One Sample T-test dan Paired Sample T-test. Periode estimasi 60 hari dan periode peristiwa 21 hari. Hasil uji tersebut menemukan adanya Perubahan yang signifikan pada nilai return tak normal, yakni saat t-10, t-3, t+7, t+8, and t+10. Tetapi tidak ditemukan perbedaan yang signifikan antara nilai return tak normal sebelum dengan sesudah pengumuman PSBB pertama DKI Jakarta. Hasil penelitian juga menemukan adanya Perubahan yang signifikan pada nilai aktivitas volume perdagangan di seluruh hari di periode peristiwa, serta ditemukan perbedaan yang signifikan antara nilai aktivitas volume perdagangan sebelum dengan sesudah pengumuman PSBB pertama DKI Jakarta. Kata Kunci: Studi Peristiwa, Efisiensi Pasar, Return Tak Normal, Aktivitas Volume Perdagangan

Pengaruh Enterprise Risk Management (ERM), Kinerja Perusahaan Dan Size Terhadap Nilai Perusahaan

This study aims to determine the effect of Enterprise Risk Management (ERM), profitability, leverage, earnings per share and company size on firm value. The method used in this study is the Panel Data Regression with the study population of companies registered in the Jakarta Islamic Index between 2014-2018 period. The sample of this study consists of 13 companies and the data in this study were obtained from the company's annual report from the Indonesia Stock Exchange website. The results showed that profitability and leverage has a positive and significant effect on firm value. And Earning per Share has a negative and significant effect on company value. Meanwhile, Enterprise Risk Management and company size have no significant effect on firm value