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All Journal Dinasti International Journal of Digital Business Management Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) KEYNESIA : INTERNATIONAL JOURNAL OF ECONOMY AND BUSINESS
H. Mustafa, Matrodji
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences Other

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THE ANALYSIS THE EFFECT OF MACROECONOMIC FACTORS ON INDONESIA 10-YEAR GOVERNMENT BOND YIELD Juliana Pratiwi, Chyntia; H. Mustafa, Matrodji
Dinasti International Journal of Digital Business Management Vol. 2 No. 3 (2021): Dinasti International Journal of Digital Business Management (April - May 2021)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijdbm.v2i3.697

Abstract

The purpose of this research is to analyze macroeconomics, namely Inflation, Gross Domestic Product, Exchange Rates, Interest Rates and Sovereign Risk to Indonesia 10-Year Government Bond Yield. The population in this study were all government bond yield tenors of the benchmark series for the period 2017 to 2019. The type of research used in this study is causal associative research. The research sample is Indonesian government bonds with a tenor of 10 years. The sample amounted to 36 data. The data analysis technique used multiple regression analysis method. The results showed that inflation and Gross Domestic Product have no effect on the Indonesia 10-Year Government Bond Yield. Exchange Rates, Interest Rates and Sovereign Risk have a positive and significant effect on the Indonesia 10-Year Government Bond Yield.
THE ANALYSIS OF FINANCIAL RATIOS EFFECT ON THE STOCK PRICE OF CONSUMER GOODS SECTOR COMPANIES LISTED IN KOMPAS100 INDEX Imansyah, Shabri; H. Mustafa, Matrodji
Dinasti International Journal of Digital Business Management Vol. 2 No. 2 (2021): Dinasti International Journal of Digital Business Management (February - March
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijdbm.v2i2.779

Abstract

This research aims to discern the effect of financial ratios on the stock price of Consumer Goods Industry Sector Companies listed in Kompas 100 Index on 2013-2019 period, partially or simultaneously. The financial ratios analyzed in this research are: Current Ratio (CR), Net Profit Margin (NPM), Return on Equity (ROE) and Dividend Yield (DY). The research population is the Consumer Goods Industry Sector Companies listed in Kompas 100 Index on 2013-2019 period. There are 5 Consumer Goods Industry companies used as the research sample by applying the purposive sampling method. This research uses documentation as the collection data technique as well as a panel data as the data analysis technique. This research shows that NPM variable has a partially positive relationship on the stock price, ROE has a positive relationship on the stock price at a confidence level of 90 percent, while CR and DY have no effects on stock price. The CR, NPM, ROE and DY variables influence the stock price simultaneously. CR, NOM, ROE and DY variables can explain the stock price on the Consumer Goods Industry Sector companies listed in Kompas 100 Index at 98,38%.
Analysis of Stock Portfolio Performance Using Passive Strategy and Active Strategy with Single Index Model Ricki, Ricki; H. Mustafa, Matrodji
Keynesia : International Journal of Economy and Business Vol. 2 No. 2 (2023): Keynesia : International Journal of Economy and Business
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/keynesia.v2i2.1116

Abstract

This study aims to determine and analyze the differences in return and risk performance results of passive and active strategies using the Single Index Model. Then measure the return performance using the Sharpe Index, Treynor, and Jensen's Alpha. This research was conducted on Sri-Kehati index stocks for the period November 2019 to November 2021. Based on passive portfolio strategy research, there are three stocks that form the optimal portfolio, namely BBCA, BBRI, SIDO. While based on active portfolio strategy research, in the first year there were three stocks that formed the optimal portfolio, then in the second year there were seven stocks forming the optimal portfolio, namely BBCA, BBRI, DSNG, INCO, SIDO, SMGR, WIKA. Based on performance measurement using Sharpe, Treynor and Jensen's Alpha indices, the Active Portfolio Strategy is better than the Passive Portfolio Strategy. Meanwhile, based on the difference test using the Mann Whitney U test method, it can be concluded that there is no significant difference in return performance between passive and active portfolio strategies.
THE IMPACT FROM FINANCIAL RATIOS ON ALTMAN Z-SCORES' MODEL TOWARDS STOCKS RETURN (STUDY IN AUTOMOTIVE SUBSECTORS COMPANIES AND ITS COMPONENTS THAT LISTED ON INDONESIA STOCK EXCHANGE) Wirto, Wirto; H. Mustafa, Matrodji
Dinasti International Journal of Economics, Finance & Accounting Vol. 1 No. 6 (2021): Dinasti International Journal of Economics, Finance & Accounting (January - Feb
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v1i6.720

Abstract

This research aims to revealed the affect from financial ratios to Altman Z-score model on stock returns in automotive sub-sector companies and its components that listed on the IDX. The research outcome shows in accordance with panel data regression results the WCTA variable on stock returns had a positive and significant affect, this could be cause of the large number of speculative investors who invest for long term so they could see the WCTA ratio for consideration in assessing the stock returns, the RETA variable on stock returns had a positive and significant affect, this could be cause of investors do not really considering the dividends or profits which distributed to larger shareholders so the investors would see the ratio of RETA when consideration the stock return appraisal, the EBITTA variable on stock returns had a positive and significant affect, this is because some investors see this ratio to revealed the company's ability to earned profits from assets before debt and tax payments because if the EBITTA ratio decrease, the stock return value would also decrease and it does conversely if EBITTA increase, the stock return value would increase. The MVEBTL variable on stock returns had a positive and significant affect because if the MVEBTL ratio decrease, meaning that there has an increase in the company's total debt and this ratio would illustrates the company's ability to fulfill its obligations from its own capital market value (common stock) and certainly this would be the one that would be the attention of investors before evaluating the stock returns.
Co-Authors Imansyah, Shabri Juliana Pratiwi, Chyntia Ricki, Ricki Sumardi Putra, Krisanta Syukrina Tascha, Dilla Wirto, Wirto