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Journal : Bahtera Inovasi

Dampak Perubahan Tick Size Terhadap Likuiditas Saham (Studi Empiris pada Bursa Efek Indonesia Berdasarkan Tick Size 6 Januari 2014) Risdy Absari Indah Pratiwi; Isfenti Sadalia; Sutarman Sutarman
Bahtera Inovasi Vol 2 No 2 (2019): Jurnal Bahtera Inovasi
Publisher : Program Studi Manajemen Fakultas Ekonomi UMRAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31629/bi.v2i2.1628

Abstract

The objective of the research was to find out and to analyze the influence of the change in tick size on stock liquidity and the factors which influenced stock liquidity. Tick size which became the research object in this evet study was the tick size on January 6, 2014. The sources of data were secondary data from BEI and Yahoo Finance. The samples were 147 stocks before the change in tick size and 147 stocks after the change in tick size, using purposive sampling technique.The data were analyzed by using Wilcoxon signed-rank test and regression analysis with an SPSS software program. The result of the research showed that spread and depth decreased significantly after the change in tick size. Lower spread and depth had contradictory implication on stock liquidity. Based on the dimension of immediacy cost and width, lower spread indicated that stock liquidity increased, while based on the dimension of market depth, lower depth indicated that stock liquidity decreased. In order to settlethis contradiction, the researcher used depth to spread ratio. Intuitively, this ratio measured whether the decrease in depthwas bigger or smaller that the decrease in spread. The result of Wilcoxon signed-rank test indicated that depth to spread ratio increased significantly which indicated that the decrease in depth was smaller than in spread so that it was concluded that stock liquidity increased after the change in tick size. The result of F-test showed that stock price, stock return volatility, and stock trading frequency simultaneously had significant influence on spread and depth. The result of t-test also indicated that stock price, stock return volatility, and stock trading frequency partially had significant influence on spread and depth.
Pengaruh Diversity, Turnover Intention dan Kepuasan Kerja Terhadap Pengembangan Potensi Aparatur Desa Bintan Buyu Kabupaten Bintan Nurhasanah Nurhasanah; Risdy Absari Indah Pratiwi
Bahtera Inovasi Vol 3 No 2 (2020): Jurnal Bahtera Inovasi
Publisher : Program Studi Manajemen Fakultas Ekonomi UMRAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31629/bi.v3i2.3328

Abstract

This study aims to explain the effect of Diversity, Turnover Intention and Job Satisfaction on the Development of Potential Apparatus of Bintan Buyu Village, Bintan Regency. The study population was the Village apparatus in Bintan Regency, Riau Islands Province. The number of samples were 73 Village Apparatuses in Bintan Buyu Subdistrict, Bintan Regency consisting of 6 Villages, namely Tembeling Tanjung Village, Tembeling Village, Bintan Buyu Village, Penaga Village, Pengujan Village and Pangkil Village. For the efficiency and effectiveness of the research, the Village Apparatus in Pangkil Village is not included in the data because of access to Pangkil Village by sea. This type of research is quantitative research. The validity and reliability tests were performed on the questionnaire. Data were tested through the Classical Assumption Test, namely the Data Normality Test, the Data Multicollinearity Test and the Data Heteroscedasticity Test. Data were analyzed using multiple linear regression analysis, including t test, F test and the coefficient of determination. The results showed that the Diversity (X1) and Job Satisfaction (X3) variables partially had a significant effect on Potential Development, while the Turnover Intention variable (X2) partially had no significant effect on the Potential Development variable (Y). F test results obtained calculated F value of 53,548 with F value of table 2.74 to identify that the variable Diversity, Turnover Intention and Job Satisfaction simultaneously influence the Potential Development variable (Y). Based on the coefficient of determination test, about 70% of the Potential Development variable is influenced by the Diversity, Turnover Intention and Job Satisfaction variables. And 30% is influenced by other factors not explained in this study.