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The Investing Decisions during the COVID-19 Pandemic by Using the Capital Asset Pricing Model (CAPM) Method in LQ 45 Index Companies Susanti, Elly; Ernest Grace; Nelly Ervina
International Journal of Science, Technology & Management Vol. 1 No. 4 (2020): November
Publisher : International Journal of Science, Technology & Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v1i4.66

Abstract

Investors need to invest wisely because the Covid 19 pandemic has gone global, so that the stock exchange has also begun to waver. Therefore, several methods are needed to determine investment decisions. This study uses the CAPM (Capital Asset Pricing Model) method and classifies and evaluates LQ 45 index companies based on the level of undervalued and overvalued. This type of quantitative descriptive research is the type of research applied in this research. In this study using saturated samples. Data processing was done using Microsoft Excel application program. The results of the study by comparing the beta value with the expected return have an inversely proportional relationship. from the 45 companies, there are 20 Undervalued companies and 25 Overvalued companies.
The Accuracy of Balance Model in Predicting Stock Investment During The Covid-19 Pandemic on LQ 45 Index Elly Susanti; Nelly Ervina; Ernest Grace; Sudung Simatupang
Organum: Jurnal Saintifik Manajemen dan Akuntansi Vol 4, No 2 (2021): Organum: Jurnal Saintifik Manajemen dan Akuntansi, December 2021
Publisher : Universitas Winaya Mukti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35138/organum.v4i2.193

Abstract

In doing investment, an investor certainly avoids risk; thus, the investor needs a model in making predictions to forecast the return of shares. There are two models to predict this: Capital Asset Pricing Capital (CAPM) and Arbitrage Pricing Theory (APT). The purpose of this study is to find out which models are more accurate in determining investment options, especially during the Covid-19 pandemic in companies that are included in the LQ 45 Index group. The population in this study is 50 companies listed in LQ 45 from February 2020 - July 2021. The sampling technique used in this study is purposive sampling. The data used in this study will be processed through Ms.Excel and SPSS Version 21. The data analysis techniques used in this study are the Basic Assumption Test consisting of Normality Test and Homogeneity Test, Mean Absolute Deviation (MAD), and hypothesis testing consisting of independent t-test samples. The results in this study show that Model is accurate in predicting stock returns in the Covid-19 pandemic is a CAPM model this is because the value of MAD CAPM is smaller than mad APT. Furthermore, independent t-test samples showed that H0 was rejected which meant that there was a difference in accuracy between CAPM and APT in calculating the return of LQ 45 shares. The implication of this study are expected to provide references to investors and potential investors as a source of information in decision making to make investments in this pandemic period.
Anteseden Nilai Perusahaan Pada Perusahaan yang Konsisten Terdaftar di Jakarta Islamic Index (JII) Rico Nur Ilham; Nelly Ervina; Julyanthry Julyanthry; Debi Eka Putri
J-MAS (Jurnal Manajemen dan Sains) Vol 7, No 1 (2022): April
Publisher : Universitas Batanghari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jmas.v7i1.401

Abstract

This study aims to examine the factors that can affect firm value. These factors include liquidity, capital structure, profitability and company size. This research was conducted on companies that were consistently listed on the Jakarta Islamic Index (JII) for the 2016-2020 period using secondary data and an associative research approach. The population in this study were all companies listed on the JII index company. The sample obtained is 11 companies using purposive sampling using certain criteria and has 55 observations. The results showed that liquidity and profitability had a significant effect on firm value partially, while capital structure and firm size had no significant effect on firm value. However, simultaneously all variables have an effect on firm value.
Comparison Analysis Of Optimal Portfolio Formation Results Using Single Index Model With Markowitz Model During The Covid 19 Pandemic In LQ 45 Index Company Elly Susanti; Nelly Ervina; Ernest Grace; Liper Siregar
International Journal of Educational Research & Social Sciences Vol. 2 No. 5 (2021): October 2021
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijersc.v2i5.177

Abstract

Investors with a conservative type have a tendency to avoid risk (avoid risk) can invest their funds. Therefore, a diversification is needed to determine the optimal stock portfolio, including the Markowitz model and the Single Index Model. This study aims to find out the comparison of optimal portfolio formation results by using markowitz model and single index model in the covid 19 pandemic as the object of research there are companies listed in LQ Index 45. For the period used is for 3 periods, namely February 2020 to July 2021. For data processing using the Microsoft Excel application program. The results of the expectations of return and risk from the Markowitz model and single index model show that the portfolio that is better used is the markowitz model because it has a higher return than the single index model.
PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR KERAMIK, PORSELEN DAN KACA YANG TERDAFTAR DI BURSA EFEK INDONESIA Silvia Silvia; Darwin Lie; Jubi Jubi; Nelly Ervina
JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG Vol 4, No 1 (2018): Juni
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (82.704 KB) | DOI: 10.37403/financial.v4i1.67

Abstract

AbstrakTujuan dari penelitian ini adalah untuk mengetahui gambaran likuiditas, leverage, dan nilai perusahaan serta pengaruh likuiditas dan leverage terhadap nilai perusahaan pada Perusahaan Sub Sektor Keramik, Porselen dan Kaca yang Terdaftar di Bursa Efek Indonesia. Penelitian ini dilakukan dengan metode analisis deskriptif kualitatif  dan analisis deskriptif kuantitatif. Pengumpulan data digunakan metode dokumentasi. Teknik analisis yang digunakan adalah regresi linier berganda, koefisien korelasi, koefisien determinasi, uji hipotesis.Hasil regresi penelitian ini adalah Ŷ = 5,438 – 0,847X1 – 0,869X2. Koefisien korelasi sebesar 0,665 dan nilai R Square sebesar 0,442. Hasil uji F menunjukkan nilai signifikansi 0,002< 0,05, maka H0 ditolak, berarti likuiditas dan leverage berpengaruh signifikan terhadap nilai perusahaan pada Perusahaan Sub Sektor Keramik, Porselen dan Kaca yang Terdaftar di Bursa Efek Indonesia periode 2012-2016. Uji t Current Ratio (CR) diperoleh nilai signifikansi 0,002< 0,05, maka H0 ditolak, artinya likuiditas berpengaruh signifikan terhadap nilai perusahaan. Uji t Debt to Equity Ratio (DER) diperoleh nilai signifikansi 0,001< 0,05, maka H0 ditolak, artinya leverage berpengaruh signifikan terhadap nilai perusahaan pada Perusahaan Sub Sektor Keramik, Porselen dan Kaca yang terdaftar di Bursa Efek Indonesia periode 2012-2016.Saran yang dapat diberikan adalah sebaiknya perusahaan memperhatikan nilai aset lancarnya, memaksimalkan penagihan piutang usaha, meningkatkan penjualan dan menekan biaya-biaya. Kata Kunci : Likuiditas, Leverage dan Nilai Perusahaan
PENGENDALIAN INTERN PIUTANG UNTUK MEMINIMALKAN PIUTANG TAK TERTAGIH KP-RI JAYA DINAS P DAN K KABUPATEN SIMALUNGUN Efriliana Naibaho; Supitriyani Supitriyani; Sepbeariska Manurung; Nelly Ervina
JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG Vol 5, No 2 (2019): Desember
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/financial.v5i2.106

Abstract

Dalam pengendalian intern terdapat syarat pemberian pinjaman yang harus dijalankan dengan baik.Fungsi-fungsi yang berkaitan dengan penagihan maupun pemberian kredit dipisahkan sesuai dengan bagian atau fungsinya masing-masing. Analisis pemberian pinjaman juga salah satu cara untuk dapat mengendalikan piutang tak tertagih yang ada pada koperasi.Tujuan penelitian ini adalah: untuk mengetahui pengendalian intern piutang dan piutang tak tertagih pada KP-RI Jaya Dinas P dan K Kabupaten Simalungun dan untuk mengetahui faktor penyebab piutang tak tertagih meningkat pada KP-RI Jaya Dinas P dan K Kabupaten Simalungun.Penelitian ini dilakukan dengan metode analisis deskriptif kualitatif.Objek penelitian ini adalah laporan rapat anggota tahunan pada KP-RI Jaya Dinas P dan K Kabupaten Simalungun periode 2013 sampai 2017.Pengumpulan data dilakukan dengan metode dokumentasi dan metode wawancara.Teknik analisis yang digunakan adalah analisis deskriptif kualitatif dan analisis induktif.Hasil analisis dapat disimpulkan bahwa pengendalian intern piutang untuk meminimalkan piutang tak tertagih belum berjalan efektif dimana penagihan piutang yang dilakukan oleh pihak koperasi hanya menggunakan dua kebijakan yaitu melalui telepon dan kunjungan personal, faktor intern dan faktor ekstern juga menyebabkan adanya piutang tak tertagih.Hasil penelitian ini menyarankan sebaiknya membuat surat perjanjian diawal pinjaman untuk mengambil tindakan apabila suatu saat terjadi penunggakan angsuran dan praktik yang sehat serta syarat pemberian pinjaman lebih dimaksimalkan.Kata kunci: Pengendalian Intern, Piutang Tak Tertagih
Peran ROE Terhadap Pengaruh DER Dan Firm Size Pada Tobin’s Q Sub Sektor Kabel Yang Terdaftar Di BEI Nelly Ervina; Yerisma Welly; Ernest Grace
Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Vol 3 No 2 (2020): Article Research
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Al-Washliyah Sibolga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (340.919 KB) | DOI: 10.36778/jesya.v3i2.226

Abstract

This study aims to look at the effect of firm size and DER on Tobin's Q and ROE's ability to moderate the relationship of firm size and DER with Tobin's Q in the cable sub-sectors listed on the Indonesia Stock Exchange in the 2014-2018 period. The research sample is cable sub-sector companies listed on the Stock Exchange in the 2014-2018 period. Data analysis techniques using multiple regression tests, moderation regression tests, hypothesis testing (f test and t test) and MRA test. The results of this study indicate the test of multiple linear regression that is confirm size and DER has a positive effect on Tobin's Q. Moderated regression test with interaction test that is ROE strengthens firm-sized and DER relationships with Tobin's Q. Test R and R2 namely there is a strong relationship between firm size and DER variables with Tobin's Q variable Tests that firm size and DER have a significant effect on Tobin's Q. The second hypothesis test, ROE is able to moderate but not significantly relationship firm size and DER with Tobin's Q
Pengaruh Brand Image Dan Persepsi Konsumen Terhadap Keputusan Pembelian Pada Toko BK Pematangsiantar Sonya Putri Shinta Purba; Darwin Lie; Efendi Efendi; Erbin Chandra; Nelly Ervina; Sofiyan Sofiyan
Strategic: Journal of Management Sciences Vol 1 No 1 (2021): Strategic: Journal of Management Sciences
Publisher : Program Pascasarjana (S2-Ilmu Manajemen) Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (624.493 KB) | DOI: 10.37403/strategic.v1i1.6

Abstract

Objektif. Tujuan riset ini merupakan untuk mengenali cerminan brand image, anggapan konsumen serta keputusan pembelian pada toko BK Pematangsiantar. untuk mengenali pengaruh brand image dan anggapan konsumen terhadap keputusan pembelian pada toko BK Pematangsiantar.Metode Riset. Ada pula riset ini memakai desain riset kepustakaan (library research) serta riset lapangan (field research). Kemudian buat metode pengumpulan informasi memakai tata cara wawancara, tata cara dokumentasi serta tata cara kuesioner. Informasi yang diperoleh ialah tipe informasi kualitatif serta informasi kuantitatif. Hasil informasi yang yang diperoleh dari lapangan hendak dianalisis secara deskriptif baik secara kualitatif ataupun kuantitatif.Hasil. Hasil riset ini bisa disimpulkan bagaikan berikut: 1. brand image, anggapan konsumen serta keputusan pembelian pada toko BK telah baik. 2. Hasil analisis regresi Ŷ= 18,229+ 0,383X1+ 0,362X2 artinya ada pengaruh positif serta signifikan antara Brand image serta anggapan konsumen terhadap keputusan pembelian pada toko BK Pematangsiantar. 3. Hasil analisis korelasi diperoleh nilai R= 0,722, maksudnya ada ikatan yang sangat kokoh antara Brand image serta anggapan konsumen dengan keputusan pembelian pada toko BK Pematangsiantar.Kesimpulan. Dari koefisien determinasi melaporkan besar rendahnya keputusan pembelian pada toko BK Pematangsiantar sebesar 52,1% bisa dipaparkan oleh brand image serta anggapan konsumen, sebaliknya sisanya sebesar 47,9% dipaparkan oleh aspek lain yang tidak diteliti dalam riset ini. 4. Hasil hipotesis H0 ditolak, maksudnya brand image serta anggapan konsumen mempengaruhi positif serta signifikan terhadap keputusan pembelian pada toko BK Pematangsiantar baik secara simultan ataupun parsial.
Dampak Komitmen Organisasi terhadap Kinerja Pegawai Kantor Kecamatan Siantar Utara Kota Pematangsiantar Sudung Simatupang; Ernest Grace; Nelly Ervina; Erbin Chandra; Efendi Efendi
Jurnal Ilmiah Universitas Batanghari Jambi Vol 22, No 2 (2022): Juli
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jiubj.v22i2.2296

Abstract

Organizational commitment has contributed to the development of human resources in the organization whose aim is to improve the performance of the organization's employees. The purpose of this study was to determine the effect of organizational commitment on employee performance at the North Siantar District Office, Pematangsiantar City. The results of the research show that the research data have valid and reliable data results, the simple regression test shows the positive regression coefficient results from organizational commitment to performance. The partial hypothesis test shows that organizational commitment has a positive and significant effect on employee performance. Employees who have low commitment can be able to improve the performance of their employees, employees who have low commitment will produce low employee performance.
Effect Of Inflation, Exchange Rates, And Trading Volume Activity On Stock Price Indices During The Covid-19 Pandemic On Companies In The Basic Industry And Chemical Sectors Nelly Ervina; Khairul Azwar; Elly Susanti; Christine Dewi Nainggolan
International Journal of Science, Technology & Management Vol. 3 No. 6 (2022): November 2022
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v3i6.693

Abstract

Covid-19 has an impact on the economy, where ADB decreased with estimates in Asian Developing Countries by 3.0 ppts to 2.2%, and for ASEAN by 3.7 ppts to 1.0% (ASEAN, 2020). In addition, one of the indicators that shows that the occurrence of stock market movements, can be seen through the country's stock price index. The Composite Stock Price Index (JCI), which is one of the benchmarks for the Indonesian stock market, on March 5, 2020 was at 5,638.13 and experienced a low on March 24, 2020 at 3,937.63. This study aims to determine the effect of inflation, exchange rate, and TVA on the stock price index in the basic and chemical industry sectors, which in this case uses data in the period January 2020 -June 2022, namely the period where the stock price index of the basic industry and chemical sectors shows a downward trend in April 2020 and November 2020. The sampling technique used in this study was purposive sampling samples so that 64 Companies in the Basic and Chemical Industries Sector were obtained listed on the IDX. The data analysis technique used in this study uses descriptive statistical analysis to describe the data that has been collected. The results of the study for the F test showed that inflation, exchange rates and TVA had a positive and significant effect on the stock price index. While the results of the t-test show that inflation has a positive and insignificant effect, the exchange rate has a positive and significant effect on the stock price index, and TVA has a negative and insignificant effect on the stock price index.