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Pengujian Anomali Size Effect Di Pasar Modal Indonesia Luh Gede Sri Artini; Ni Putu Ayu Darmayanti; Gede Merta Sudiartha
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan Volume 14 Nomor 2 Tahun 2020
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (307.891 KB) | DOI: 10.24843/MATRIK:JMBK.2020.v14.i02.p03

Abstract

The research on the size effect anomaly in the Indonesian Capital Market aims to find out the effect of company size on the performance of the stock portfolio. Descriptive statistical analysis method is used to explain the distribution of data and independent sample tests to compare the performance of stock portfolios of Sharpe index of large-size stock portfolios and small size stock portfolios formed from stocks that is consistently included in the Compass Index 100 during 2012-2017. The results of the study show that the Sharpe index of large-size stock portfolios is better than the small-size stock portfolio. The results of different tests show that the mean difference is not significant, so it can be concluded that the anomaly size effect does not occur in the Indonesian Capital Market, especially in stocks listed on the Kompas 100 Index
PENGARUH KURS SPOT DAN KURS FORWARD DALAM MEMPREDIKSI FUTURE SPOT PADA PASAR VALAS KAWASAN ASIA TENGGARA I Gusti Ayu Kade Diana Yanthi; Luh Gede Sri Artini
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan Volume 7 Nomor 2 Tahun 2013
Publisher : Universitas Udayana

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Abstract

The importance of the activity in foreign exchange occur as the result of the development of international trading and increased international money and capital movement. The vast development of international economic  caused  economic relationship  among  countries  will  be  linked  to  each other  and  subsequently improve trading activities in their goods, money and capital flows. The variables used in this study are spot, forward  and future  spot. Based  on  the result  of Regression  Estimation  applied in  hypothesis on foreign currencies exchange which done simultaneously are proven able to predict future spot. The investor and international economic  actor could use spot  exchange rate and forward  exchange rate as a  short terms predictor for the next trimester in 2011.
ANALISIS FUNDAMENTAL MAKRO DAN INTEGRASI PASAR SAHAM DUNIA DENGAN BURSA EFEK INDONESIA Luh Gede Sri Artini; Nyoman Tri Aryati; Putu Vivi Lestari; Ni Putu Ayu Darmayanti; Gede Merta Sudiartha
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan Volume 11 Nomor 2 Tahun 2017
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (105.956 KB) | DOI: 10.24843/MATRIK:JMBK.2017.v11.i02.p03

Abstract

Penelitian ini merupakan gabungan dari penelitian sebelumnya mengenai hubungan antara harga saham dengan kinerja ekonomi makro, dan penelitian mengenai integrasi Pasar Modal internasional.Variabel ekonomi makro dalam penelitian ini dibatasi pada pertumbuhan PDB, tingkat suku bunga SBI dan nilai Kurs dolar Amerika terhadap Rupiah dan Indeks saham digunakan adalah Indeks Dow Jones, Indeks Saham Australia, Indeks Shanghai dan Indeks Singapura. Data dikumpulkan dari tahun 2011 sampai tahun 2015 secara bulanan dengan teknik analisis regresi linier dengan bantuan Statistical Package For Social Science (SPSS)
VARIABEL-VARIABEL PEMBEDA RASIO KECUKUPAN MODAL BANK PERKREDITAN RAKYAT (BPR) DI BALI Ni Made Novi Susilowati; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.06.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The study aimed to determine whether the size, the loan to deposit ratio (LDR), the cash ratio (CR), the non-performing loan (NPL), the equity to total liabilities ratio, the return on assets (ROA), the net interest margin ( NIM) and BOPO can distinguish the rate of bank capital adequacy and to determine the dominant financial ratios that distinguish the ratio of capital adequacy of banks. The number of samples was 102 of rural banks/BPR in Bali Province which was determined by purposive sampling method. The data analysis used discriminant analysis with simultaneous estimation method. The results showed that eight independent variables can jointly be used to distinguish the level of capital adequacy ratio of the BPR but only six (6) independent variables which were partially rated to be significantly differentiate the levels of capital adequacy of the bank, including the size, LDR, CR, NPL, EQTL, and NIM. The dominant financial ratio that can distinguish the level of capital adequacy of banks was the NPL. Discriminant model is useful for predicting the position of the CAR of banks in the industry, so that the management can more effectively manage the capital adequacy to anticipate changes in the business environment of banks.
PENGARUH TINGKAT SUKU BUNGA, INFLASI DAN PERTUBUHAN GROSS DOMESTIC PRODUCT TERHADAP JUMLAH UANG BEREDAR DI TIMOR-LESTE José Augusto Maria; I B. Panji Sedana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.10.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (492.947 KB) | DOI: 10.24843/EEB.2017.v06.i10.p02

Abstract

The increasing of the money supply is a measure one of the economic growth of a country. Money has a strategic role in the economy, especially since its main function as a medium for transactions, so that at first is often translated into a common unit that can be accepted as means of payment (Putong Iskandar, 2007). The location of the research conducted at the Central Bank of East Timor has referred on the annual reports of the IMF and World Bank with the period 2004 – 2013. The collect method analysis data is using the quantitative data. The results obtained in the studies analyzed variables using the multiple regression analysis program SPSS. The results showed that use of the three variables, namely interest rates, inflations and Gross Domestic Products is only the interest rate and inflation is significant negative effect on the money supply, this means that if the central bank reduces the amount of money circulating in East Timor can be done with rising interest rates and government fiscal policy.
Pengaruh Risiko Kredit dan Risiko Nilai Tukar Terhadap Profitabilitas dan Return Saham Perbankan di Bursa Efek Indonesia Alvita Chatarine; Luh Putu Wiagustini; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.11.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Return adalah hasil yang diperoleh investor dari investasi yang dilakukannya.  Penilaian terhadap return yang akan diterima oleh investor yang akan berinvestasi di industri perbankan dapat menggunakan informasi-informasi keuangan bank yang tersedia dalam laporan keuangan bank guna mengukur kinerja bank. Kinerja bank tidak terlepas dari risiko yang dapat mengganggu keuntungan bank, seperti risiko kredit dan risiko nilai tukar dan kedua risiko ini merupakan risiko yang berpengaruh terhadap ketahanan perbankan Indonesia. Tujuan penelitian ini adalah untuk mengetahui signifikansi pengaruh risiko kredit dan risiko nilai tukar terhadap profitabilitas dan return saham perbankan. Sampel penelitian berjumlah 28 bank yang ditentukan dengan menggunakan metode purposive sampling. Data penelitian diperoleh dari publikasi laporan keuangan perbankan pada tahun 2011-2014. Alat analisis yang digunakan dalam penelitian ini adalah analisis jalur (path analysis) dan uji Sobel (Sobel test). Hasil penelitian menunjukkan bahwa risiko kredit berpengaruh negatif tidak signifikan terhadap return saham dan berpengaruh negatif signifikan terhadap profitabilitas, risiko nilai tukar berpengaruh positif signifikan terhadap return saham dan berpengaruh positif tidak signifikan terhadap profitabilitas, profitabilitas berpengaruh positif signifikan terhadap return saham. Uji Sobel (Sobel test) dalam penelitian ini menunjukkan bahwa variabel profitabilitas mampu memediasi risiko kredit terhadap return saham.
STUDI KELAYAKAN PENGEMBANGAN INVESTASI UNIVERSITAS DILI (UNDIL) DI TIMOR-LESTE Ida Elisa; Wiksuana I Gusti Bagus; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME 03.NO.09.TAHUN 2014
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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The development of world education is increasing rapidly from day to day along with the progress of science and technology makes it possible for UNDIL to be part in making learning process fully supported and increases the quality of its graduates so that they can best serve the nation and state of Timor-Leste. The objective of this research was to indenti
ANALISIS INVESTASI PENDIRIAN KONDOTEL X DI SANUR-BALI Made Ngurah Ananda Dwita; I Gusti Bagus Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.01.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Condotel X is located on Jalan Danau Tamblingan, Sanur - Bali is built on a land area of 1,970m2. This research examines the investment of the investor buyer Condotel. The study results showed the market and marketing aspects of the development are eligible, because there are still have opportunities in 2017 amounted to 5,880 rooms, while in 2018 as many as 4,338 rooms. based on the marketing aspect is feasible, because the company already knows the position of the company and can further implement the strategies that have been prepared before. The study results also showed that the financial aspects of the development are eligible, this is shown by NPV (Positive) amounting to Rp 11,321,369,440. The project's ability to return capital kondotel measured by IRR of 16.89%> 13.8% (cost of capital weighted average), Profitability Index 1.20> 1 and a payback period within 6 years and 2 months.
KINERJA PORTOFOLIO SAHAM BERDASARKAN SAHAM PERUSAHAAN ORANG KAYA INDONESIA MENURUT FORBES DI BURSA EFEK INDONESIA Fenita Dwi Sari; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.04.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The increasing of the public interest to invest in the stock market transactions, by arranging the stock portfolio. Stock portfolio will be prepared using stocks - shares of companies that go public in Indonesia Stock Exchange belong to the richest people in Indonesia according to Forbes Indonesia edition April 2013. As a matter of evaluation, this study was conducted in order to determine the result of establishment of a stock portfolio return which is based on public information compared to the market return. The variables in question is a stock portfolio return and the market return. This study compared the return of stock portfolio which is based on public information in April 2013 with the return of stock portfolio for each period of 3 months within 1 year ahead. The population used is the price of securities and the company stock market owned by 25 richest people in Indonesia by Indonesia edition of Forbes magazine April 2013. The sample is using census method by using the entire population. Stock data obtained from the Indonesia Stock Exchange.
PENGARUH BEBERAPA VARIABEL EKONOMI MAKRO TERHADAP PROFITABILITAS DAN RETURN SAHAM PADA INDUSTRI PERBANKAN DI BEI I Nyoman Sidhi Adiyadnya; Luh Gede Sri Artini; Henny Rahyuda
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.08. TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This study aims to clarify the influence of several macroeconomic variables on the profitability of the banking industry and stock returns in the Indonesia Stock Exchange. The population of this study is the entire banking sector companies listed on the Indonesia Stock Exchange during the 2008-2013 which consisted of 36 companies. Several macroeconomic indicators in this study were measured through the rate of inflation, GDP, and the dollar exchange rate. Microeconomic indicators that reflect the company's financial performance is profitability. Profitability ratios measured by ROE (Return On Equity) reflects the company's ability to generate available profit for the owners of the company on the capital they invest in the company. The sampling method used was purposive sampling method with the specified criteria. Therefore, the number of samples used in this study is 26 companies. The data of this study are secondary data obtained from the Indonesian Capital Market Directory of 2008-2013 and two websites www.bi.go.id and www. idx.co.id. Path Analysis was used to analyze the statistical data using SPSS 16.0. The results of this study indicates that: (1) the inflation rate acted negatively not significant towards profitability, (2) GDP acted positively significant towards profitability, (3) the dollar exchange rate acted negatively not significant towards profitability, (4) The inflation rate acted negatively not significant towards share returns, (5) GDP acted negatively not significant effect on share returns, (6) the dollar exchange rate acted positively not significant towards share returns, (7) Profitability acted positively significant towards share returns.  
Co-Authors A.A.AYU DIAH AMBARAWATI Alfredo Mahendra Dj Alvita Chatarine anak agung ayu putri utami Anak Agung Gede Suarjaya Anak Agung Ngurah Mustakawarman Armen Armen Ayu Dek Ira Roshita Dewi Diva Aura Putri Wiyanto Fenita Dwi Sari Gde Agung Satria Gede Merta Sudiartha Gede Putu Agus Jana Susila Henny Rahyuda Herbet Bastian Heri Santoso I Dewa Gede Agustina I Gde Kajeng Baskara I Gede Surya Pratama I Gst Ayu Dwi Diahlestari I Gusti Agung Arista Pradnyani I Gusti Ayu Artisca Yulia I Gusti Ayu Kade Diana Yanthi I Gusti Bagus Wiksuana I Gusti Ngurah Suryaadi Mahardika I Gusti Putu Ayu Ona Yunita I Kadek Sutika I Ketut Gede Saputra I Made Budi Sudarsana I Made Wahyu Mahayoga I NENGAH ANDRI SUTAPA I Nyoman Febri Mahardika I Nyoman Sidhi Adiyadnya I Putu Adi Sumardika I Putu Hendra Sintyana I Wayan Martha Mandana I Wayan Rio Riawan I. B. Anom Purbawangsa I.N. Nurcaya Ica Rika Candraningrat Ida Ayu Made Wiryandari Kusuma Handayani Ida Ayu Putu Megawati Ida Ayu Suryaningrat Intan Sari Ida Bagus Anom Purbawangsa Ida Bagus Panji Sedana Ida Elisa José Augusto Maria kadek ayu silvia yuliaratih Kadek Dewi Sawitri Kadek Diah Arie Purnami Kadek Wulandari Laksmi P Ketut Warmika, I Gede Komang Mahendra Pramana Komang Monica Cristina Komang Risa Widi Utami Luh Galang Marhaenis Luh Putu Kartika Dewi Made Artaya Made Ngurah Ananda Dwita Martina Carissa Dewi N.K. Purnawati Ni Desak Made Amanda Pransiska Ni Kadek Raningsih Ni Kadek Tina Rasminiati Ni Ketut Adi Arwati Ni Ketut Ayu Anggreni Ni Ketut Nadila Suryasari Ni Ketut Purnawati Ni Ketut Seminari Ni Luh Anik Puspa Ningsih Ni Luh Putu Sri Sandhi Ni Luh Putu Wiagustini Ni Made Adelia Putri Ni Made Kiki Kamayuli Ni Made Murniti Ni Made Novi Susilowati Ni Made Sri Rastini . Ni Nyoman Ayu Diantini Ni Nyoman Sri Jayanti Perwani Devi Ni Putu Ayu Darmayanti Ni Putu Ayu Ria Agustini Ni Putu Intan Wulandari Ni Wayan Aditya Putri Pertiwi Nyoman Tri Aryati Olivia Veronika Gunawan Putu Ayu Darmayanti Putu Ayu Rusmala Dewi Putu Eka Pujawati Putu Vivi Lestari Putu Yesi Fransiska Dewi Rahman Rusdi Hamidy Reza Rizky Margana Rintohan Malau Stevano Theodorus Tri Wahyuni Wahyuni Tyasani Taras Utama I Wayan Agus Budi Wijaya, I Gusti Ngurah Satria