Articles
<![CDATA[REAKSI PASAR MODAL INDONESIA TERHADAP PENGUMUMAN KENAIKAN HARGA BBM 22 JUNI 2013 ]]>
<![CDATA[Ningsih, Ervina Ratna]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 3 No 1 (2014): Management Analysis Journal ]]>
Publisher : <![CDATA[Management Analysis Journal ]]>
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DOI: 10.15294/maj.v3i1.3352
<![CDATA[SARI Tujuan dari penelitian ini adalah untuk mengetahui reaksi pasar modal dengan melakukan penelitian perbedaan abnormal return dan volume perdagangan sebelum dan setelah kenaikan harga BBM 22 Juni 2013. Penelitian ini menggunakan pendekatan event study, sampel yang digunakan dalam penelitian sebanyak 37 perusahaan sampel. Hasil dari penelitian ini menunjukkan bahwa pasar modal bereaksi terhadap peristiwa pengumuman kenaikan BBM 22 Juni 2013. Berdasarkan hasil uji beda rata-rata terhadap abnormal return pada periode sebelum dan sesudah pengumuman menunjukkan tidak adanya perbedaan yang signifikan, sedangkan untuk hasil uji beda rata-rata trading volume activity (TVA) menunjukkan adanya perbedaan yang signifikan pada periode sebelum dan sesudah peristiwa pengumuman kenaikan harga BBM 22 Juni 2013. Kata Kunci : Abnormal Return, Event Study, Kenaikan BBM, Trading Volume Activity (TVA). ABSTRACT The purpose of this research is to know the reaction of capital market by using a research about the differences of abnormal return and trading volume activity before and after refined fuel oil increment at June 22th 2013. This research use event study approach, the sample that use in this research are 37 companies sample. The result of this research showed that capital market reacted towards announcement of refined fuel oil increment phenomenon at June 22th 2013. Based on the result of the different average experiment towards abnormal returnin before and after announcement showed there not significant differences, whereas the result of different average experiment trading volume activity (TVA) showed there has differences in before and after announcement of refined fuel oil phenomenon on June 22th 2013. Keywords : Abnormal Return, Event Study, Refined Fuel Oil Increment, Trading Volume Activity (TVA).]]>
<![CDATA[IMPACTS THE BRAND OF EXPERIENCE AND BRAND IMAGE ON BRAND LOYALTY: MEDIATORS BRAND OF TRUST ]]>
<![CDATA[Marliawati, Annisa]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 9 No 2 (2020): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v9i2.36945
<![CDATA[This study is to examine the effect of brand experience and brand image on brand loyalty through brand trust. The population of this study is Ijjah_Collection customer via Shopee in Indonesia. The sample of this study consisted of 116 respondents using non-probability method. The method of collecting the data used questionnaire roomates then Analyzed using path analysis with IBM SPSS Statistics 22 program. The results of this study Showed: (1) brand experience has a positive and significant effect on brand loyalty, (2) brand image has a positive effect, but is not significant on brand loyalty, (3) brand experience has a positive effect and signficant on brand loyalty through brand trust, (4) brand image has a positive and significant effect on brand loyalty through brand trust, (5) brand trust has a positive and significant effect on brand loyalty.]]>
<![CDATA[Analysis of The Bankruptcy of Companies with Altman Model and Ohlson Model ]]>
<![CDATA[Najib, Andi Septian]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 9 No 3 (2020): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v9i3.37797
<![CDATA[Often companies that have been operating for a certain period forced to disperse because of increased financial distress that caused bankruptcy. There are two models that can be used to predict bankruptcy of companies, that is Altman model (Z-score) and Ohlson model. This study aims to determine the accuracy of the Altman model (Z-Score) and Ohlson's model in predicting bankruptcy of delisting companies in Indonesia Stock Exchange for 2015-2019 period.The population in this study were all of delisting companies in Indonesia Stock Exchange for 2015-2019 period, totaled 17 companies. The number of samples used in this study were 8 companies, by using purposive sampling method. Data analysis used data processing application SPSS version 25. The results showed that accuracy of the Altman model is 58.3%, while the Ohlson model is 79.2%. The conclusion of this research Ohlson model has the highest accuracy that compared to Altman model in predicting bankruptcy at delisting companies in Indonesia Stock Exchange for 2015-2019 period, with accuracy values of Ohlson model is 79.2% and 58.3% for the Altman model. For further researchers, it is expected to increase the number of samples of companies studied and extend the research periods in order to provides more accurate results, and combining the Altman and Ohlson models with other bankruptcy prediction models that can be applied in companies in Indonesia.]]>
<![CDATA[Determinants of Company Value: Pre and Post Crisis Global 2015 ]]>
<![CDATA[Witasari, Okti]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 10 No 1 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v10i1.40865
<![CDATA[The purpose of this research was to study the determinant of the value of companies pre-and post-crisis global 2015 about companies registered on the Indonesian Stock Exchange 2012 - 2018. The population of this research were companies registered on the Indonesian Stock Exchange 2012 - 2018. The number of samples were 906 datas consist of 151 companies. The research sample was taken using purposive sampling technique. The datas analysis in this research used descriptive statistical analysis, a test model with the best panel data regression estimation, and multiple analysis. The model test results showed that the best panel data estimation model was the fixed effect model, while the best post data crisis estimation model was the random effect model. The hypothesis test results showed that institutional ownership did not influence with pre- and post-crisis company values, capital structure has a significant positive effect on pre- and post-crisis company values, company size had a significant negative effect on pre-crisis company values, and company size did not influence post-company value crisis. The conclusions of this research were that no contradiction about institutional ownership and capital structure to the values of the company both pre and post crisis, while the size of the company was related to the values of the company, where the pre-crisis influenced significant negative effect and post-crisis did not influence.]]>
<![CDATA[The Influence of Representativeness on Investment Decision Through Overconfidence ]]>
<![CDATA[Fitri, Hery Kharisma]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v10i2.48890
<![CDATA[This study aims to explore the effect of representativeness on investment decisions through overconfidence as an intervening variable on investors from the Faculty of Economics, Universitas Negeri Semarang. The data used in this study is primary data with a survey method using a questionnaire. The research sample was taken using convenience sampling technique with a sample of 115 investors. The sample was then analyzed using the Partial Least Square (PLS) method with the help of the SmartPLS 3.0 application. The empirical results of this study explain that representativeness has no effect on investment decisions, overconfidence has a significant positive effect on investment decisions, representativeness has a significant positive effect on overconfidence, and overconfidence mediates the relationship between representativeness and investment decisions in full mediating.]]>
<![CDATA[Impacts the Brand of Experience and Brand Image on Brand Loyalty: Mediators Brand of Trust ]]>
<![CDATA[Marliawati, Annisa]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 9 No 2 (2020): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v9i2.36945
<![CDATA[This study is to examine the effect of brand experience and brand image on brand loyalty through brand trust. The population of this study is Ijjah_Collection customer via Shopee in Indonesia. The sample of this study consisted of 116 respondents using non-probability method. The method of collecting the data used questionnaire roomates then Analyzed using path analysis with IBM SPSS Statistics 22 program. The results of this study Showed: (1) brand experience has a positive and significant effect on brand loyalty, (2) brand image has a positive effect, but is not significant on brand loyalty, (3) brand experience has a positive effect and signficant on brand loyalty through brand trust, (4) brand image has a positive and significant effect on brand loyalty through brand trust, (5) brand trust has a positive and significant effect on brand loyalty.]]>
<![CDATA[Analysis of The Bankruptcy of Companies with Altman Model and Ohlson Model ]]>
<![CDATA[Najib, Andi Septian]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 9 No 3 (2020): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v9i3.37797
<![CDATA[Often companies that have been operating for a certain period forced to disperse because of increased financial distress that caused bankruptcy. There are two models that can be used to predict bankruptcy of companies, that is Altman model (Z-score) and Ohlson model. This study aims to determine the accuracy of the Altman model (Z-Score) and Ohlson's model in predicting bankruptcy of delisting companies in Indonesia Stock Exchange for 2015-2019 period.The population in this study were all of delisting companies in Indonesia Stock Exchange for 2015-2019 period, totaled 17 companies. The number of samples used in this study were 8 companies, by using purposive sampling method. Data analysis used data processing application SPSS version 25. The results showed that accuracy of the Altman model is 58.3%, while the Ohlson model is 79.2%. The conclusion of this research Ohlson model has the highest accuracy that compared to Altman model in predicting bankruptcy at delisting companies in Indonesia Stock Exchange for 2015-2019 period, with accuracy values of Ohlson model is 79.2% and 58.3% for the Altman model. For further researchers, it is expected to increase the number of samples of companies studied and extend the research periods in order to provides more accurate results, and combining the Altman and Ohlson models with other bankruptcy prediction models that can be applied in companies in Indonesia.]]>
<![CDATA[Determinants of Company Value: Pre and Post Crisis Global 2015 ]]>
<![CDATA[Witasari, Okti]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 10 No 1 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
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DOI: 10.15294/maj.v10i1.40865
<![CDATA[The purpose of this research was to study the determinant of the value of companies pre-and post-crisis global 2015 about companies registered on the Indonesian Stock Exchange 2012 - 2018. The population of this research were companies registered on the Indonesian Stock Exchange 2012 - 2018. The number of samples were 906 datas consist of 151 companies. The research sample was taken using purposive sampling technique. The datas analysis in this research used descriptive statistical analysis, a test model with the best panel data regression estimation, and multiple analysis. The model test results showed that the best panel data estimation model was the fixed effect model, while the best post data crisis estimation model was the random effect model. The hypothesis test results showed that institutional ownership did not influence with pre- and post-crisis company values, capital structure has a significant positive effect on pre- and post-crisis company values, company size had a significant negative effect on pre-crisis company values, and company size did not influence post-company value crisis. The conclusions of this research were that no contradiction about institutional ownership and capital structure to the values of the company both pre and post crisis, while the size of the company was related to the values of the company, where the pre-crisis influenced significant negative effect and post-crisis did not influence.]]>
<![CDATA[The Influence of Representativeness on Investment Decision Through Overconfidence ]]>
<![CDATA[Fitri, Hery Kharisma]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
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Download Original
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Original Source
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Check in Google Scholar
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DOI: 10.15294/maj.v10i2.48890
<![CDATA[This study aims to explore the effect of representativeness on investment decisions through overconfidence as an intervening variable on investors from the Faculty of Economics, Universitas Negeri Semarang. The data used in this study is primary data with a survey method using a questionnaire. The research sample was taken using convenience sampling technique with a sample of 115 investors. The sample was then analyzed using the Partial Least Square (PLS) method with the help of the SmartPLS 3.0 application. The empirical results of this study explain that representativeness has no effect on investment decisions, overconfidence has a significant positive effect on investment decisions, representativeness has a significant positive effect on overconfidence, and overconfidence mediates the relationship between representativeness and investment decisions in full mediating.]]>
<![CDATA[Investor Herding Behavior in Extreme Conditions During Covid-19: Study On Indonesian Stock Market ]]>
<![CDATA[Sadewo, Rizal Abdul Jabbar]]>;
<![CDATA[Cahyaningdyah, Dwi]]>
<![CDATA[ Management Analysis Journal Vol 11 No 1 (2022): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v11i1.53484
<![CDATA[Herding behavior as a financial behavior bias is defined as the tendency of investors to imitate other decisions without prudent consideration. The aim of this paper is to analyze the effect of investor herding behavior in extreme market conditions during Covid-19 pandemic on the Indonesia Stock Market. The data used in this study is cross-sectional absolute deviation of stock return and market return. The samples included in the research criteria were 80 companies. The samples were analyzed using CCK2000 method and robustness test using Tan 2008 method with help of the Eviews 12 application. The empirical results of this study found the effect of investor herding behavior during extreme conditions of Covid-19 pandemic (general model) and during bearish market period. Meanwhile, no effect of herding behavior was found during bullish market period on the Indonesian Stock Market. Two of the four robustness test models are robust.]]>
