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Journal : JEJAK

Liquidity Effects on the Simultaneity of Trading Volume and Order Imbalance Arfianto, Erman Denny; Kusumastuti, Nurita
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 2 (2016): September 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i2.7624

Abstract

The purpose of this research is to analyze the simultaneity between trading volume and order imbalance, the influence of past performance, market risk, market capitalization, tick size to the trading volume and the influence of tick size, depth and bid-ask spread to the order imbalance of companies that were listed on LQ 45 index. The samples in this research were selected by using the purposive sampling method with some selected criteria. Fifty-five companies listed on 2014’s LQ 45 index were chosen as the sample. The results showed that the trading volume is simultaneously related to the order imbalance; past performance, market risk, and market capitalization have the positive and significant effect to the trading volume; tick size has the negative and significant effect to the trading volume; the order imbalance has the negative and insignificant effect to the trading volume; tick size, depth, bid-ask spread, and trading volume have no significant effect to the order imbalance.
Liquidity Effects on the Simultaneity of Trading Volume and Order Imbalance Arfianto, Erman Denny; Kusumastuti, Nurita
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 2 (2016): September 2016
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i2.7624

Abstract

The purpose of this research is to analyze the simultaneity between trading volume and order imbalance, the influence of past performance, market risk, market capitalization, tick size to the trading volume and the influence of tick size, depth and bid-ask spread to the order imbalance of companies that were listed on LQ 45 index. The samples in this research were selected by using the purposive sampling method with some selected criteria. Fifty-five companies listed on 2014’s LQ 45 index were chosen as the sample. The results showed that the trading volume is simultaneously related to the order imbalance; past performance, market risk, and market capitalization have the positive and significant effect to the trading volume; tick size has the negative and significant effect to the trading volume; the order imbalance has the negative and insignificant effect to the trading volume; tick size, depth, bid-ask spread, and trading volume have no significant effect to the order imbalance.
Assessing Investment Feasibility in Tegal City: A Strategic Perspective on Infectious Waste Handling Arfinto, Erman Denny; Yektiningsih, Novie; Damayanti, Nadia
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.49102

Abstract

Based on simulation data from recapitulation of Health Facilities waste or medical B3 waste in Tegal City in 2022, it was recorded as 454 kg of medical B3 waste per day. Recap of data for Health Facilities in areas around Tegal City (Slawi, Brebes, Pekalongan, Pemalang and Batang) recorded 3,336 kg of B3 medical waste per day. This condition has the potential to cause environmental problems if not addressed. This research aims to provide an analysis of the feasibility of investment for handling medical waste. The study used secondary data sourced from the Tegal District Government Health Service and primary data collected through field observations. The research results show that the condition is suitable to continue. Investment funds required are IDR. 28 billion more. The financial feasibility results show an Internal Rate of Return (IRR) using a discount rate of 7.042%. Net Present Value (NPV), for considering the time value of money of 7.042% produces a positive value. The Investment Payback Period does not exceed the loan term. The feasibility results from economic and social environmental aspects also show that this waste management investment can be recommended for regional government implementation.