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KURS RUPIAH, INDEKS NIKKEI 225, BI RATE, DAN PENGARUHNYA TERHADAP STOCK EXCHANGE INDEKS HARGA SAHAM GABUNGAN (IHSG) PERIODE TAHUN 2018-2020 Andini Nurwulandari
AKSELERASI: Jurnal Ilmiah Nasional Vol 3 No 1 (2021): AKSELERASI: JURNAL ILMIAH NASIONAL
Publisher : GoAcademica Research dan Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/jin.v3i1.380

Abstract

Gross Domestic Product (GDP) growth is a constructive indicator and vice versa. A rise in GDP affects the buying power of citizens positively. It will therefore raise demand for the commodity. A surge in the market for goods raises the firm's earnings and may also increase the stock price. The analysis was designed to examine the impact on composite stock price index using data from time series from January 2018 to December 2020 of Rupiah Exchange rate, Nikkei 225 Index, and BI Rate. Multiple linear regression is used in the mixed Stock Price Index scheme to identify the relevant influence of BI on the Rupiah and Nikkei 225. The test results show that the BI rate has a significant positive effect on the Rupiah exchange rate for the composite stock pricing index. Meanwhile, the Nikkei 225 Index has no impact on the Composite Stock Price Index.
PENGARUH STRUKTUR AKTIVA, PROFITABILITAS DAN LIKUIDITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN INDUSTRI PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) Andini Nurwulandari
AKSELERASI: Jurnal Ilmiah Nasional Vol 2 No 1 (2020): AKSELERASI: JURNAL ILMIAH NASIONAL
Publisher : GoAcademica Research dan Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/jin.v2i1.386

Abstract

This study aims to determine the effect of asset structure, profitability and liquidity on the capital structure of mining industry companies listed on the Indonesia Stock Exchange (IDX). This study uses quantitative methods with data sources in the form of company financial statements compiled and published online by the Indonesia Stock Exchange (IDX), and library studies. The analysis was performed using descriptive statistical analysis, multiple linear regression and bivariate correlation test. The results showed that the asset structure had a positive effect on the capital structure, meaning that the more complex the asset structure, the more complex the capital structure was. On the other hand, profitability and liquidity variables have no effect on capital structure.
ANALISIS PENGARUH KURS, SERTIFIKAT BANK INDONESIA DAN INFLASI TERHADAP KINERJA REKSADANA PENDAPATAN TETAP TAHUN 2015-2019 Andini Nurwulandari
Komitmen: Jurnal Ilmiah Manajemen Vol 1, No 1 (2020): KOMITMEN: Jurnal Ilmiah Manajemen
Publisher : FEBI UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/jim.v1i1.12480

Abstract

Each type of investment has different risks. However, the general rule is that the higher the likelihood of an investment the greater the risk of the instrument. This study uses a qualitative method with a descriptive analysis approach. The data source is secondary data from the official BI website. OJK and BPS. This research covers all OJK mutual funds between 2015-2019. Sampling was done purposively. Data documentation is used for sampling. The results of the study found that the level of development has a negative effect on the results of fixed-income mutual funds, the lower the SBI, the worse the output of mutual funds that have fixed income will be; and inflation does not affect the FIM, because inflation represents a continuous increase in costs for products and services.
ANALYSIS OF THE INFLUENCE OF INTEREST RATE, EXCHANGE VALUE, WORLD GOLD PRICES, DOW JONES INDEX, AEX INDEX, DAX INDEX, AND SHANGHAI INDEX ON LQ45 INDEX IN INDONESIA STOCK EXCHANGE 2012 – 2018 Andini Nurwulandari; Hasanudin Hasanudin; Ari Jatmiko Setiyo Budi
JABE (Journal of Applied Business and Economic) Vol 7, No 2 (2020): JABE (Journal of Applied Business and Economics)
Publisher : UNIVERSITAS INDRAPRASTA PGRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30998/jabe.v7i2.7824

Abstract

This research aims to find out the influence of interest rate, exchange rate, world gold price, Dow Jones Index, AEX Index, DAX Index, and Shanghai Index on the LQ45 Index at the Indonesia Stock Exchange from 2012 through 2018 using the ARCH/GARCH model as the method of analysis.  The result of the test shows that the exchange rate had a significant negative influence, Dow Jones Index, AEX Index, and DAX Index had a significant positive influence on the LQ45 index, while the interest rate and world gold price had a non-significant negative influence and the Shanghai Index had a non-significant positive influence on the LQ45 index.
STRATEGY FOR THE FORMATION OF OPTIMAL CAPITAL STRUCTURE WITH SWOT ANALYSIS IN PHARMACEUTICAL SUBSECTORS COMPANIES Andini Nurwulandari; Hasanudin Hasanudin; Burhan Artardo
JABE (Journal of Applied Business and Economic) Vol 7, No 3 (2021): JABE (Journal of Applied Business and Economics)
Publisher : UNIVERSITAS INDRAPRASTA PGRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30998/jabe.v7i3.9840

Abstract

This study aims to determine the optimal capital structure formation in pharmaceutical sub-sector companies during the period 2014 - 2019 by analyzing profitability, dividend policy, and the SWOT matrix model by analyzing strengths, weaknesses, opportunities, and threats and being the basis for formulating various alternatives. These strategies can be carried out by company management. The company's profitability is not optimal; the company can still distribute dividends. And the results of the study illustrate that the capital structure of the pharmaceutical sub-sector company is not yet optimal. The average proportion of long-term debt capital structure of pharmaceutical sub-sector companies is 18.43% debt and 81.57% equity. Calculation of company value from 2014 - 2019 using the Modigliani Miller approach with a debt proportion of 0% - 100% shows that the highest company value of pharmaceutical sub-sector companies is in the composition of 30% debt and 70% equity. The total WACC averages 47% of the debt. By producing a WACC of 1.92% - 16.89% with a total average WACC of 10%. By considering the WACC, it is concluded that the optimal capital structure for the average pharmaceutical sub-sector company is in the composition of 30% to 60% of the debt. Meanwhile, the average WACC is 11.10%, and with financial distress, the average WACC value is 10%. Based on considering the company value and WACC above, the capital structure of the pharmaceutical sub-sector company is not optimal. The optimal capital structure will result in high Firm Value and the lowest cost of capital. The results of this study have implications for financial performance, capital structure, firm value, the weighted average cost of capital (WACC), and SWOT analysis, which need to be optimized to achieve optimal capital structure.
CSR, PROFITABILITAS DAN UKURAN PERUSAHAAN SERTA PENGARUHNYA TERHADAP RETURN SAHAM PADA PERUSAHAAN PROFIT YANG TERDAFTAR DI INDEKS SRI KEHATI PERIODE TAHUN 2017-2019 Andini Nurwulandari
PAPATUNG: Jurnal Ilmu Administrasi Publik, Pemerintahan dan Politik Vol 2 No 3 (2019): JURNAL PAPATUNG Volume 2 Nomor 3 Tahun 2019
Publisher : GoAcademica Research dan Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/japp.v2i3.366

Abstract

Today's corporate companies face growing pressure to perform their operations professionally from a variety of stakeholders, including society, workers, and shareholders. Profitability is a hot subject in society, which places more pressure on businesses to share details. This study is qualitative in nature and takes a descriptive-analytic approach. This study established that a company's CSR metric has a detrimental effect on its stock returns. Profitability has a favorable impact on the stock return of a firm. Meanwhile, the business size indicator has a favorable impact on the returns on company shares.
PEMBENTUKAN PORTOFOLIO SAHAM DENGAN MENGGUNAKAN METODE MODEL INDEKS TUNGGAL DAN SECARA ACAK PERIODE PENELITIAN JANUARI 2013-DESEMBER 2017 Andini Nurwulandari
PAPATUNG: Jurnal Ilmu Administrasi Publik, Pemerintahan dan Politik Vol 1 No 3 (2018): JURNAL PAPATUNG Volume 1 Nomor 3 Tahun 2018
Publisher : GoAcademica Research dan Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/japp.v1i3.387

Abstract

A portfolio is described as a collection of investments and holdings made by investors, both individuals and institutions. This analysis employs a quantitative and descriptive analytic approach. Secondary data from the IDX LQ45 category's official website, which was successfully netted each month during the observation period, namely January 2013-December 2017. Random sampling was used to gather samples. The study's findings indicate that three optimal candidate portfolios were defined using a single index model; the candidate portfolio stocks are WIKA, ASRI, and SMGR. Using data from the LQ45 stock calculation for the period January 2013 to December 2017, we randomly selected two optimal portfolio candidates: ASRI and SMGR. The composition or proportion of funds obtained by each share is optimal for portfolio formation; the largest is WIKA's shares at 0.559948006 points, and the smallest is UNTR's shares at 0.559948006 points.
Heywood Case Data Statistik: Menggunakan Teknik Respesifikasi Model Andini Nurwulandari; Muhammad Darwin
NUCLEUS Vol 1 No 2 (2020): NUCLEUS
Publisher : Neolectura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37010/nuc.v1i2.173

Abstract

Tujuan penelitian ini adalah untuk mengetahui teknik respesifikasi yang benar menurut para ahli dalam menghadapi Heywood case pada Structural Equation Modeling menggunakan software Amos. Adapun batasan penelitian adalah terbatas pada alat analisis inferensial parametik Structural Equation Modeling menggunakan software Amos. Dan terbatas pada strategi MG (Model Generating) atas rekomendasi ahli Hair et all dan Joreskog & Sorbom. Serta pada kasus uji Goodness Of Fit yang menghasilkan model yang tidak fit. Metode penelitian menggunakan kualitatif-deskriptif. Menjelaskan bahwa pada teknik respesifikasi model dapat dilakukan dengan mengeliminasi indikator, menghubungkan covarian error dan bisa juga dilakukan kombinasi keduanya atas saran Standardized Residual dan Modification Indices.
PENGARUH SBI, INFLASI, IHSG DAN RISIKO UNSISTEMATIK PASAR TERHADAP NAB REKSA DANA SAHAM Muhammad Afif Abdillah; Andini Nurwulandari
Oikonomia: Jurnal Manajemen Vol 16, No 2 (2020): Oikonomia: Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47313/oikonomia.v16i2.1177

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh variabel makroekonomi yang meliputi suku bunga SBI, inflasi, IHSG, dan risiko unsistematik pasar terhadap NAB reksa dana saham. Penelitian dilakukan menggunakan data sekunder yang dianalisis dengan metode analisis regresi linear berganda melalui program SPSS versi 24. Hasil penelitian menunjukkan bahwa suku bunga SBI dan IHSG secara parsial berpengaruh negatif dan signifikan terhadap NAB reksa dana saham, inflasi tidak berpengaruh signifikan terhadap NAB reksa dana saham, sementara risiko unsistematik pasar berpengaruh positif dan signifikan terhadap NAB reksa dana saham.
PENGARUH LIKUIDITAS, EARNING PER SHARE DAN PRICE BOOK VALUE TERHADAP HARGA SAHAM MELALUI KEBIJAKAN DIVIDEN Andini Nurwulandari; Qania Tsany Putri Nurul Ulfah; Agung Fajar Ilmiyono
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 8, No 1 (2022): Vol 8, No. 1 (2022)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (23.005 KB) | DOI: 10.34203/jimfe.v8i1.5081

Abstract

ABSTRAKPenelitian ini bertujuan untuk menguji  pengaruh current ratio, earning per share dan price book value terhadap harga saham melalui kebijakan dividen. Sampel penelitian dipilih menggunakan metode purposive sampling dan diperoleh 20 perusahaan subsektor asuransi dan perusahaan efek. Metode analisis data menggunakan metode Partial Least Square. Hasil penelitian menunjukkan current ratio dan PBV berpengaruh positif dan signifikan  secara langsung terhadap kebijakan dividen; EPS tidak berpengaruh langung terhadap kebijakan dividen; current ratio dan PBV berpengaruh langsung terhadap harga saham, EPS tidak berpengaruh secara langsung terhadap harga saham,  kebijakan dividen berpengaruh langsung terhadap harga saham; current ratio dan EPS tidak berpengaruh secara langsumg terhadap harga saham melalui kebijakan dividen; dan PBV berpengaruh terhadap harga saham melalui kebijakan dividen. Hal ini mengimplikasikan pentingnya investor melakukan analisis fundamental perusahaan yaitu melakukan analisis terhadap rasio-rasio keuangan, terutama pada rasio likuiditas untuk mengetahui kemampuan perusahaan dalam memenuhi kewajibannya. Hal tersebut dapat dilakukan untuk mengetahui keadaan keuangan perusahaan tersebut dan dalam memprediksi tingkat resiko yang akan dihadapi dalam berinvestasi pada perusahaan tersebut.ABSTRACTThis study aims to examine the effect of the current ratio, earnings per share, and price-book value on stock prices through dividend policy. The research sample was selected using the purposive sampling method and obtained 20 insurance and securities companies. The data analysis method used the Partial Least Square method. The results showed that the current ratio and PBV had a direct positive and significant effect on dividend policy; EPS has no direct effect on dividend policy; current ratio and PBV have a direct effect on stock prices, EPS has no direct effect on stock prices, dividend policy has a direct effect on stock prices; current ratio and EPS have no direct effect on stock prices through dividend policy; and PBV affect stock prices through dividend policy. This implies the importance of investors conducting fundamental analysis of the company, namely analyzing financial ratios, especially liquidity ratios to determine the company's ability to fulfill its obligations. This can be done to find out the financial condition of the company and predict the level of risk that will be faced in investing in the company