Claim Missing Document
Check
Articles

ANALISIS TEKNIKAL SEBAGAI DASAR PENGAMBILAN KEPUTUSAN DALAM TRADING SAHAM PADA BURSA EFEK INDONESIA (Studi pada Indeks IDX30 Periode Agustus 2014 – Januari 2015) Lilik Choirotul Mafula; Siti Aisjah
Jurnal Ilmiah Mahasiswa FEB Vol 3, No 2: Semester Genap 2014/2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (218.119 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui dan memahami alat analisis analisis teknikal yang terdiri dari MACD (Moving Average Covergence Divergence), Stochastic, RSI (Relative Strenght Index) dan Bollinger Bands sebagai dasar pengambilan keputusan oleh investor. Jenis penelitian ini adalah case study yaitu yaitu penelitian yang dilakukan tersfokus pada suatu kasus tertentu untuk diamati dan dianalisis secara cermat sampai tuntas. Sampel penelitian ini adalah tiga emiten yang baru masuk indeks IDX30 periode Agustus 2014 - Januari 2015. Alat analisis yang digunakan dalam pelitian ini menggunakan aplikasi chartnexus yang didalamnya mencakup alat analisis teknikal seperti MACD, Stochastic, RSI dan Bollinger Bands. Hasil penelitian dengan menggunakan alat analisis dari aplikasi Chartnexus menunjukkan bahwa MACD memperlihatkan pembentukan dan perubahan trend pergerakan harga saham, Stochastic memperlihatkan level overbought dan level oversold, RSI memperlihatkan level overbought dan level oversold. Dan Bollinger Bands memperlihatkan tingkat volatilitas serta peembentukan dan perubahan trend pergerakan harga saham. Penelitian selama kurun waktu enam bulan (Agustus 2014 – Januari 2015) menunjukkan bahwa PT. Astra Agro Lestari Tbk (AALI) lebih efektif menggunakan alat analisis Stochastic sebagai acuan dalam pengambilan keputusan investasi harian, PT. Vale Indonesia Tbk (INCO) lebih efektif menggunakan alat analisis MACD sebagai acuan dalam pengambilan keputusan investasi harian, sedangkan PT. Matahari Departement Store Tbk (LPPF) lebih efektif menggunakan alat analisis Bollinger Bands sebagai acuan dalam pengambilan keputusan investasi harian Dari penelitian ini maka investor diharapkan memperhatikan indikator dalam analisis teknikal agar dapat meningkatkan kualitas pengambilan keputusan transaksi perdagangan saham di Bursa Efek Indonesia. Kata Kunci : Analisis Teknikal, MACD, Stochastic, RSI, Bollinger Band, Transaksi Perdagangan Saham, Uptrend, Downtrend.
Entrepreneurial orientation and market orientation as drivers of Micro Small Medium Entrepises (MSMEs') Performance Dunga Dwi Barinta; Siti Aisjah; Christin Susilowati
Journal of Business and Management Review Vol. 3 No. 8 (2022): (Issue-August)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr38.4172022

Abstract

Micro, Small and Medium Enterprises (MSMEs) contribute to the Gross National Income (GDP) up to 40% and the creation of new job vacancies. Based on 25% of the total number of MSMEs in Indonesia cannot produce during the pandemic. In addition, internal problems such as lack of business knowledge, IT updates, low understanding in market make most MSMEs have low firm performance. Firm performance is an important part of a company to observe and evaluate the suitability of the results in business activities with the predetermined plan. Some researchers believe that firm performance is affected by Entrepreneurial Orientation and Market Orientation. This research was conducted by MSMEs that run their businesses in Malang City, East Java Indonesia. Data collection uses non-probability method approach with simple random sampling technique. The number of respondents collected in this study amounted to 112 respondents, but which can be used in data processing was amounted to 101 respondents. The method of data analysis uses SEM (Structural Equation Modeling) based on Partial Least Square (PLS) using SmartPLS 3.3 software application. This study aims to investigate the role of Entrepreneurial Orientation and Market Orientation in improving the performance of MSMEs. The research findings that entrepreneur orientation and market orientation are proven to have an effect on improving the performance of MSMEs. However, entrepreneur orientation cannot have a direct impact on improving performance. Entrepreneur orientation must be supported by market orientation in improving MSME performance
DETERMINAN HARGA SAHAM PERBANKAN YANG TERDAFTAR (2009-2012) DI BURSA EFEK INDONESIA Panji Rizki Maulana; Ubud Salim; Siti Aisjah
Jurnal Akuntansi Multiparadigma Vol 6, No 2 (2015): Jurnal Akuntansi Multiparadigma
Publisher : Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (514.552 KB) | DOI: 10.18202/jamal.2015.08.6015

Abstract

Abstrak: Determinan Harga saham Perbankan yang Terdaftar (2009-2012) di Bursa Efek Indonesia. Penelitian ini bertujuan menganalisis pengaruh dari faktor internal dan eksternal perbankan di Indonesia terhadap harga saham pada periode waktu 2009-2012. Pengujian dilakukan dengan menggunakan analisis regresi linier multipel pada 27 perbankan di Indonesia. Hasil penelitian menunjukkan bahwa dari faktor internal perbankan, Modal, Kualitas Aset, Manajemen, Earning, Likuiditas berpengaruh terhadap harga Saham perbankan, sedangkan Sensitivity to Market Risk tidak berpengaruh terhadap harga saham. Dari faktor eksternal, variabel PDB dan Suku Bunga berpengaruh signifikan terhadap harga saham, sedangkan Nilai Tukar tidak memiliki pengaruh terhadap harga Saham perbankan. Abstract: Determinant of Banking Stock Price Listing (2009-2012) on Indonesia Stock Exchange. This study aims to analyze the influence of internal and external factors in the Indonesian banking on stock price on 2009-2012. The data analysis was using multiple linear regression analysis for 27 banks in Indonesia. The results showed that the bank’s internal factors, which are Capital, Asset Quality, Management, Earnings, Liquidity effect the banking stocks price, while Sensitivity to Market Risk has no effect on stock price. The external factors of bank, GDP and Interest Rate have a significant effect on stock price, while the Exchange Rate has no influence on the stock price.  
The effect of entrepreneurship orientation and flexibility toward adaptive innovation and improved firm performance Rofiaty, Rofiaty; Aisjah, Siti; Susilowati, Christine
BISMA (Bisnis dan Manajemen) Vol. 15 No. 1 (2022)
Publisher : Universitas Negeri Surabaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/bisma.v15n1.p96-118

Abstract

This study analysed the effect of entrepreneurial orientation and flexibility on adaptive innovation and firm performance. The sample of this study consisted of 114 orchid business actors. The data analysis technique used in this study uses quantitative methods with the SEM analysis method (WarpPLS) as an analytical tool to process data. Data was collected by direct interview and through a Google Form. This study proves that entrepreneurial orientation directly and positively affects firm performance and adaptive innovation. Flexible management has a direct and positive effect on firm performance and adaptive innovation, while adaptive innovation has a positive effect on improving firm performance. On the other side, adaptive innovation has not a mediation role of entrepreneurship orientation toward firm performance, but adaptive innovation has a mediation role flexibility toward firm performance. The novelty of this study emphasize on the green economy run by orchid SMEs, that strives to enhance business performance through entrepreneurial orientation, adaptability, and adaptive innovation.
PENGARUH PENDANAAN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN Afifah, Marisa Mursyidhatul; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 1 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (548.585 KB) | DOI: 10.21776/jmrk.2022.01.1.05

Abstract

The objective of this research is to assess and analyze the effects of working capital financing on firm profitability. This study was conducted on food-and-beverages sub-sector companies listed on the Indonesia Stock Exchange in the 2016-2020 period. Using purposive sampling method and non-random sampling, twelve companies were selected as the sample, resulting in sixteen observations. Working Capital Financing (WCF) was used to measure the independent variable so that the approach type of the financing can be determined, while Return on Assets (ROA) was used to measure the dependent variable. Descriptive statistics and simple linear regression were used to analyze the data, while F test and Coefficient of Determination (R2) were applied in IBM SPSS 26 to test the hypotheses. This study finds that working capital funding with a conservative approach has a negative and significant effect on profitability. Furthermore, companies that increase their financing on long-term financing source experienced a decline in their profitability.
Prediksi Kesulitan Keuangan Menggunakan Metode Altman (Z-Score) Di Masa Pandemi Covid-19 Wirani, Bella Nisa; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2024.03.2.05

Abstract

The objective of this research is to assess the financial distress level of national television companies listed on the Indonesia Stock Exchange during the Covid-19 pandemic using Altman’s Z-score. The procedure for the financial distress assessment in this study uses the third modification of Altman’s Z-score published in 2000. The data of this quantitative research are the financial reports of national television companies during the 2019-2021 period published by the Indonesia Stock Exchange, while the sample was selected using saturated sampling technique. The results of the prediction using Altman’s Z-score show that one company was indicated for having financial distress.   The objective of this research is to assess the financial distress level of national television companies listed on the Indonesia Stock Exchange during the Covid-19 pandemic using Altman’s Z-score. The procedure for the financial distress assessment in this study uses the third modification of Altman’s Z-score published in 2000. The data of this quantitative research are the financial reports of national television companies during the 2019-2021 period published by the Indonesia Stock Exchange, while the sample was selected using saturated sampling technique. The results of the prediction using Altman’s Z-score show that one company was indicated for having financial distress.   Abstrak Penelitian ini bertujuan untuk menilai tingkat kesulitan keuangan (financial distress) perusahaan pertelevisian nasional yang terdaftar di Bursa Efek Indonesia (BEI) di masa pandemi COVID-19 dengan menggunakan metode Altman (Z-Score). Prosedur penilaian kesulitan keuangan dalam penelitian ini menggunakan rumus Altman Z-Score Modifikasi III yang dipublikasikan pada tahun 2000. Jenis penilitian yang digunakan adalah penelitian kuantitatif. Data yang digunakan dalam penelitian ini adalah laporan keuangan perusahaan pertelevisian nasional periode tahun 2019-2021 yang dipublikasikan oleh Bursa Efek Indonesia (BEI). Teknik pengambilan sampel menggunakan metode sampling jenuh. Hasil prediksi menggunakan metode Altman Z-Score terdapat satu perusahaan yang terindikasi mengalami kondisi kesulitan keuangan.
Pengaruh Keputusan Investasi, Struktur Modal, dan Kebijakan Dividen Terhadap Nilai Perusahaan Rahmadhi, Nanda Supraba; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 2 No. 3 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2023.02.3.05

Abstract

The objective of this case study is to analyze and identify the effects of investment decision, capital structure, and dividend policy on the values of companies that made Initial Public Offering (IPO) in the Indonesia Stock Exchange during the 2016-2018 period. The research population is 110 companies that made Initial Public Offering (IPO) in the Indonesia Stock Exchange from 2016 to 2018. Using purposive sampling technique, 21 companies were selected as the sample. This research uses secondary data in forms of financial statements from the 2019-2021 period published in the website of Indonesia Stock Exchange (www.idx.co.id) and the website of the sample companies. The analyses were performed using multiple linear regression in SPSS version 26. This study finds that investment decision significantly influences firm value with the significance value of 0.0043, that capital structure has no significant effect on firm performance with the significance value of 0.248, and that dividend policy has no significant effect on firm value with the significance value of 0.218.     Abstrak Penelitian ini bertujuan untuk menganalisis dan mengetahui pengaruh dari keputusan investasi, struktur modal, dan kebijakan dividen terhadap nilai perusahaan. Studi kasus dalam penelitian ini adalah perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia pada tahun 2016-2018. Populasi dalam penelitian ini adalah perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia pada tahun 2016-2018 sebanyak 110 perusahaan. Teknik pengambilan sampel yang digunakan adalah purposive sampling dan diperoleh 21 perusahaan sebagai sampel penelitian. Data yang diolah merupakan data sekunder dari laporan keuangan tahunan perusahaan periode 2019-2021 yang diperoleh dari website resmi Bursa Efek Indonesia (www.idx.co.id) dan website resmi dari masing-masing perusahaan. Analisis data dilakukan dengan model regresi linear berganda dan menggunakan software SPSS versi 26. Hasil penelitian menunjukkan bahwa variabel keputusan investasi berpengaruh signifikan terhadap nilai perusahaan dengan nilai signifikansi sebesar 0,043, variabel struktur modal berpengaruh tidak signifikan terhadap nilai perusahaan dengan nilai signifikansi 0,248, dan variabel kebijakan dividen berpengaruh tidak signifikan terhadap nilai perusahaan dengan nilai signifikansi sebesar 0,218.
Analisis Kinerja Keuangan Berdasarkan Metode Economic Value Added (EVA) dan Market Value Added (MVA) Salsabila, Ellen Elysia; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 2 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2023.02.1.02

Abstract

The objective of this research is to identify and analyze how financial performances are analyzed using Economic Value Added (EVA) and Market Value Added (MVA) at PT Temas Tbk in the period of before and during the Covid-19 pandemic. This research uses secondary data in forms of the company’s financial report of the 2017-2019 period representing the prepandemic condition and the 2020-2022 period representing the pandemic condition. This quantitative descriptive research finds that the financial performance of PT Temas Tbk prior to the pandemic was fluctuating to negative condition, as shown by the negative average values of EVA and MVA for the 2017-2019 period. then, during the pandemic, the company’s financial performance was increasing and was able to produce positive EVA values in the 2020-2022 period, followed by positive MVA values in 2021 and 2022.   Abstrak Penelitian berikut memiliki tujuan untuk mengetahui dan menganalisis bagaimana kinerja keuangan dengan berdasarkan metode Economic Value Added (EVA) dan Market Value Added pada PT Temas Tbk dalam periode sebelum dan selama pandemi COVID-19. Pengambilan data dalam penelitian ini berasal dari data sekunder berupa laporan keuangan PT Temas Tbk tahun 2017-2019 untuk merepresentasikan kondisi sebelum pandemi COVID-19 dan data laporan keuangan tahun 2020-2022 untuk merepresentasikan kondisi selama pandemi COVID-19. Penelitian mengikuti metode deskriptif melalui pendekatan kuantitatif. Penelitian menghasilkan temuan bahwa dalam periode sebelum pandemi COVID-19 PT Temas Tbk memiliki kinerja keuangan yang berfluktuasi dan cenderung ke arah yang buruk. Hal ini ditunjukkan dengan hasil perhitungan rata-rata nilai EVA dan MVA yang negatif pada tahun 2017-2019. Selama masa pandemi COVID-19 kinerja keuangan PT Temas Tbk mengalami tren kenaikan dan mampu menghasilkan nilai EVA yang positif pada semua periode penelitian yakni 2020-2022, diikuti dengan nilai MVA positif pada tahun 2021 dan 2022.
Pengaruh Risiko Kredit, Risiko Likuiditas, Dan Tingkat Kecukupan Modal Terhadap Profitabilitas Anggraini, Mutia Rizki; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2024.03.1.08

Abstract

Regional development banks are a type of banks whose majority of their shares are owned by local government that serve as the activator of local economy. In order to play the role, profitability should be high in order to maintain the well running of the bank’s operation. This goal of this research is to identify and analyze the effects of credit risk, liquidity risk, and capital adequacy ratio on the profitability of conventional regional development banks listed in the Financial Service Authority. From 27 regional development bank listed in the authority during the 2016-2020 period, 23 were selected as the sample using purposive sampling technique. This research uses multiple linear regression to analyze the data, while the hypotheses were assessed using t test and F test. This study finds that credit risk negatively and significantly influences profitability, that liquidity risk negatively and significantly impacts profitability, and that capital adequacy rate negatively and significantly influences profitability.   Abstrak Bank pembangunan daerah merupakan bank yang sahamnya mayoritas dimiliki oleh pemerintah daerah yang berperan sebagai penggerak perekonomian daerah. Untuk menjalankan peran tersebut dibutuhkan tingkat profitabilitas yang sehat agar operasional bank dapat berjalan. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh risiko kredit, risiko likuditas, tingkat kecukupan modal terhadap profitabilitas bank pembangunan daerah konvensional yang terdaftar di otoritas jasa keuangan. Populasi dalam penelitian ini adalah 27 bank pembangunan daerah yang terdaftar di otoritas jasa keuangan periode 2016-2020. Pengambilan sampel dilakukan menggunakan purposive sampling dan diperoleh sampel sebanyak 23 bank pembangunan daerah. Penelitian ini menggunakan metode analisis regresi linear berganda dengan uji hipotesis yaitu uji t dan uji F. Hasil penelitian ini menunjukkan bahwa risiko kredit berpengaruh negatif dan signifikan terhadap profitabilitas, risiko likuiditas berpengaruh positif dan signifikan terhadap profitabilitas, serta tigkat kecukupan modal berpengaruh positif dan signifikan terhadap profitabilitas.
Pengaruh Celebrity Endorsement Dan Brand Image Terhadap Keputusan Pembelian Maulana, Luthfila Akbar; Aisjah, Siti
Jurnal Manajemen Pemasaran dan Perilaku Konsumen Vol. 2 No. 2 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmppk.2023.02.2.05

Abstract

The objective of this research is to identify the direct and indirect effects of celebrity endorsement and brand image on the decision of Move community members in Malang to purchase CVT-transmission scooters of Vespa. This explanatory research explains the causal relationships between variables through hypothesis testing. Using purposive sampling, 100 members of Move within the age range of 15-38 years who live in Malang city, know about Vespa’s CVT-transmission scooter, and have purchased the scooter were selected as the respondents. The research data was harvested from questionnaires, library research, and internet browsing, assessed using validity test, reliability test, and classical assumption test, and analyzed using multiple linear regression. All of the processes were performed in SPSS 21. This study finds that celebrity endorsement and brand image positively and significantly influence the purchase decision.   Abstrak Tujuan dari penelitian ini adalah untuk mengidentifikasi pengaruh langsung dan tidak langsung dari celebrity endorsement dan brand image terhadap keputusan anggota komunitas Move di Malang untuk membeli Vespa bertransmisi CVT. Explanatory research ini menjelaskan hubungan sebab akibat antar variabel melalui pengujian hipotesis. Dengan menggunakan purposive sampling, 100 anggota Move dengan rentang usia 15-38 tahun yang berdomisili di kota Malang, mengetahui tentang skuter bertransmisi CVT Vespa, dan pernah membeli skuter tersebut dipilih sebagai responden. Data penelitian diperoleh dari kuesioner, studi kepustakaan, dan penelusuran internet, dinilai dengan menggunakan uji validitas, uji reliabilitas, dan uji asumsi klasik, serta dianalisis dengan menggunakan regresi linier berganda. Semua proses dilakukan dengan SPSS 21. Penelitian ini menemukan bahwa celebrity endorsement dan brand image berpengaruh positif dan signifikan terhadap keputusan pembelian.
Co-Authors . Sugiarti . Surachman ., Jumahir A. Dewantoro Marsono Afifah, Marisa Mursyidhatul Agung Laksana Agustian Eko Hadianto AINUR ROFIQ Almira, Yorina Huwaida Ananda Sabil Hussein Anggraini, Mutia Rizki Ardiansyah Muhammad Astrid Puspaningrum Atim Djazuli Bastomi, Mohamad Bhagas Pratyaksa Mahardhika Budi Handrianto Chintya Dewi Ekacittasari Christin Susilowati Cicik Retno Wati Deni, Febrianto Frans Denny Indra Prastiawan Dessy Handa Sari Devia, Aldeline Nolita Diana Ayu Kartikasari Dunga Dwi Barinta ENDAH KUSUMAWATI Fadhila, Wildan Genira, Chika Felsia Hilda Arifah Indah Rachma Putri Karismajid Nur Laksana Khair, Muthi Abul Kusniyah, Nur Kusuma Ratnawati Lilik Choirotul Mafula Lilis Suindrawati Lubis, Haikal Yasin M. Aan Faizal Mubarak Maesaroh, Eka Siti Maulana, Luthfila Akbar Moeljadi Moeljadi Nanda Karprilano Narahdita, Ajeng Putri Noermijati NUR HASANAH Oktavian, Eksa Panji Rizki Maulana Pertiwi, Nanda Putra, Hasannudin Nursalim Rahmadhi, Nanda Supraba Raisa Fitri Ramadani Wibowo Ramadhan, Satria Putra Ratih Mardianti Reno Furqon Kusumawardana Ricki Prajamukti Ricky Indra Gunawan Rico Eka Wahyu Hudiwijono Rofiaty, Rofiaty Salsabila, Ellen Elysia Sefel, Raja Abiyyu Septi Wulandari Sri Palupi Prabandari Sri Palupi Prabandari Stefan Yudhanto Sugiarti, . Sumantri, Dzaki Maulana Sunaryo Sunaryo Surachman Surachman Surachman Surachman, Surachman Suristika Melindhar Susilowati, Christine Ubud Salim Ubud Salim Ubud Salim Ury Tri Rahayu Vierkury Metyopandi Vildayanti, Rina Ayu Wati, Cicik Retno Wildan Fadhila Wirani, Bella Nisa Yana Respati Dewi Yuni Kusuma Arumsari Zainuddin Ahmad Zulianto, Angga