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Effect of Inflation, Rupiah Exchange, Dow Jones Index, Nasdaq Index, and S & P500 Index Against Combined Stock Price Index Manap, Abdul; Sugito, Sugito; Yusnindar, Yusnindar; Sekianti, Atik
West Science Interdisciplinary Studies Vol. 2 No. 03 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i03.767

Abstract

This research aims to determine empirical evidence of the influence of inflation, Rupiah exchange rate, Dow Jones index, Nasdaq index, A & P500 index on the Composite Stock Price Index. The research uses quantitative methods and uses classical assumption tests, multiple regression analysis, and hypothesis testing. The data used is secondary data during the period January 2019 – November 2023, resulting in a total of 59 samples from each variable using the purposive sampling method. The research results show that inflation has an effect on the Composite Stock Price Index, the Rupiah exchange rate has no effect on the Composite Stock Price Index, the Dow Jones Index has an effect on the Stock Price Index Combined, the Nasdaq Index influences the Composite Stock Price Index, the S & P500 Index influences the Composite Stock Price Index, and Inflation, the Rupiah Exchange Rate, the Dow Jones Index, the Nasdaq Index, and the S & P500 Index simultaneously influence the Composite Stock Price Index.
Financial Performance of Investment Companies Using the Treynor-Black Method: An Analysis of Risk-Adjusted Returns and Portfolio Optimization Manap, Abdul; Yusnindar, Yusnindar; Buana, Lilik Swartana Angga; Pane, Saut; Agung, Mohamad Ramadhan
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.457

Abstract

This study evaluates the financial performance of investment firms using the Treynor-Black Method, which optimizes portfolios by combining high-alpha assets with the market portfolio to enhance risk-adjusted returns. The study applies the method to a sample of investment firms to examine its effectiveness in improving key performance metrics, including the Sharpe Ratio, Treynor Ratio, and Jensen's Alpha. The findings indicate that the Treynor-Black Method substantially improves portfolio performance, with optimized portfolios exhibiting higher Sharpe and Treynor Ratios and positive Jensen's Alpha. These results suggest systematic risk management and effective value addition through active management. However, the study acknowledges limitations such as reliance on historical data, potential data quality issues, and challenges in estimating alpha and beta. These constraints highlight the need for careful interpretation and suggest future research directions, including the use of real-time data and alternative optimization approaches. The study provides practical insights for investment managers, offering an enhanced framework for portfolio construction and performance evaluation. It contributes to the field by validating and extending the Treynor-Black Method, enhancing strategies for aligning portfolios with risk-return objectives.
The Good Corporate Governance (GCG) as a Moderating Factor in the Influence of Asset Management and Capital Structure on Financial Performance Yusnindar, Yusnindar
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2817

Abstract

The purpose of this study is to determine the impact of asset management and capital structure on financial performance moderated by good corporate governance, in food and beverage issuers verified on the Indonesia Stock Exchange in 2020 to 2024. The study population consisted of 90 companies, with sample selection carried out through purposive sampling, resulting in 25 samples according to the criteria. The analytical method used was panel data regression analysis with the help of Eviews version 12.0. The findings of this research reveal that asset management and capital structure have a positive and significant effect on financial performance. Good Corporate Governance can moderate the effect of asset management on financial performance in a significant positive way, but cannot moderate the impact of capital structure on financial performance in a significant positive way.