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All Journal Kinerja Digital Bisnis: Jurnal Publikasi Ilmu Manajemen Dan E-commerce Moneter : Jurnal Ekonomi dan Keuangan International Journal of Economics, Business and Innovation Research Journal of New Trends in Sciences Journal Tafkirul Iqtishodiyyah
Mahatma Kufepaksi
Unknown Affiliation
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance

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Investor Overconfident Dalam Penilaian Saham: Perspektif Gender Dalam Eksperimen Pasar Mahatma Kufepaksi
KINERJA Vol. 14 No. 2 (2010): Kinerja
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v14i2.44

Abstract

This current experimental research is done to answer whether the male or female investors tend to be more overconfident in the capital market. There are thirty volunteers participate in this research. According to research design, all participants are classified into two groups based on their score of overconfidence, namely less informed investors, and more informed investors and each group will be analyzed based on the gender perspective. It employs three different types of treatments consisting of the state of no available market information, the guidance of prediction, and the signal of good news. The result demonstrates that male and female investors in the group of less informed investors perform the same level of overconfidence when there is no available market information. Meanwhile, in the group of more informed investors, male investors tend to be more overconfident than do female ones. After accessing the guidance of prediction, male investors in the group of the less and the more informed investors tend to be more overconfident than do the female investors. After receiving good news, female investors in the group of less informed investors tend to be more overconfident than do male ones, but in the group of more informed investors, both male and female investors perform the same level of overconfidence.
Analisis Pengaruh Kebijakan Dividen dan Kinerja Keuangan terhadap Nilai Perusahaan: (Studi pada Perbankan yang terdaftar di BEI pada Tahun 2010-2022) Noah Gorga Halomoan Gultom; Mahatma Kufepaksi; Muslimin Muslimin
Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce Vol. 3 No. 3 (2024): September : Digital Bisnis : Jurnal Publikasi Ilmu Manajemen dan E-Commerce
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/digital.v3i3.3204

Abstract

Firm value is an instrument for investors to consider the success of a company in relation to its share price. The banking industry is one of the most important financial business entities for society because it plays a much needed role in economic and social funding activities. This research aims to examine the influence of dividend policy and financial performance (ROA, LDR and NPL) on the value of companies in the banking sector listed on the BEI in 2010-2022.Testing was carried out using explanatory statistical analysis, data normality testing, and hypothesis testing. The results of this research show that dividend policy (DPR), profitability (ROA), and liquidity (LDR) have a positive effect on company value, while liquidity (LDR) and non-performing loans (NPL) have a negative effect in the banking sector listed on the IDX in 2010 -2022 period.
The Influence of Dividend Policy, Capital Structure, and Investment Opportunity Set on the Firm Value in the Technology Sector Industry : Study on Technology Industry Sector Companies Listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022 Annisya Uzzaqia H; Mahatma Kufepaksi
Moneter : Jurnal Ekonomi dan Keuangan Vol. 3 No. 4 (2025): Oktober :Moneter : Jurnal Ekonomi dan Keuangan
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/moneter.v3i4.1766

Abstract

The purpose of this study is to analyze the influence of dividend policy, capital structure, and investment opportunity set on firm value in the technology sector industry (A Study of Technology Sector Companies Listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022). This study uses a quantitative approach with secondary data. The population of this study consists of companies operating in the technology industry that have gone public and are listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The data collection method used is secondary data. The secondary data collection method was obtained from data available at the Indonesia Stock Exchange (IDX). The data processing techniques used in this study involved secondary data analysis conducted by the researcher with the assistance of E-Views 9 software. The results of this study indicate that dividend policy has a positive and significant effect on firm value, suggesting that investors in the technology sector still view dividends as a signal of financial stability. Capital structure has a positive and significant effect on firm value, indicating that optimal debt usage can enhance competitiveness and growth in the technology sector. Investment opportunities also have a positive and significant impact on firm value, as companies with high investment prospects are more attractive to investors and experience increased stock prices. Dividend policy, capital structure, and investment opportunities simultaneously have a significant impact on firm value, with firm size and profit growth as control variables that also strengthen this relationship.
Pengujian Efisiensi Pasar terhadap Pengumuman Quick Count saat Proses Pemilihan Umum Presiden dan Wakil Presiden Indonesia tahun 2024 Tiffany Cheyenne Rachel Adjani; Mahatma Kufepaksi; Igo Febrianto
Journal of New Trends in Sciences Vol. 3 No. 3 (2025): Journal of New Trends in Sciences
Publisher : CV. Aksara Global Akademia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59031/jnts.v3i3.731

Abstract

Capital market is an important indicator of economic growth, which responsive to political events, including general elections. The Indonesia 2024 presidential elections are a significant political event that can impact the market, particularly as there is no incumbent presidential candidate, increasing political uncertainty. One of the key informational event during the election process is the announcement of the quick count. Although not the official result, it can provide an initial overview of the election results and serve as a reference for market participants. This study aims to determine the market reaction, indicated by significant abnormal returns surrounding the quick count announcement. It also aims to determine the difference in average abnormal returns and average trading volume activity. The sample for this study is 45 companies listed in the LQ45 index, which will be examined as a whole and by sector. The data analysis used in this study was t-test for normally distributed data and nonparametric test for non-normally distributed data. The results of this study indicate significant abnormal returns around the quick count announcement. The t-test results indicate a significant difference in average abnormal returns and trading volume activity before and after the quick count announcement.
Analisis Eva Dan Mva Pada Perusahaan Subsektor Makanan Dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2013-2022 Ilham Oktarianda; Mahatma Kufepaksi
Journal Tafkirul Iqtishodiyyah Vol. 4 No. 1 (2024): JOURNAL TAFKIRUL IQTISHODIYYAH
Publisher : Sekolah Tinggi Ilmu Syrari’ah Daru ‘Ulum (STSDU) Lampung Timur.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63761/10.63761/.2024.v4.i1.a99

Abstract

Industri sub-sektor makanan dan minuman adalah salah satu sector manufaktur andalan dalam memberikan kontribusi besar terhadap pertumbuhan ekonomi nasional. Penelitian ini bertujuan untuk Untuk mengetahui kinerja keuangan Pada Perusahaan Sub-sektor Makanan Dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2013 - 2022 diukur dengan menggunakan metode Economic Value Added (EVA) dan Untuk mengetahui kinerja keuangan Pada Perusahaan Sub-sektor Makanan Dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2013-2022 diukur dengan menggunakan metode Market Value Added (MVA). Metode penelitian yang digunakan pada penelitian ini adalah metode kuantitatif, sampel yang digunakan pada penelitian adalah Perusahaan Sub-Sektor Makanan yang terdaftar pada Bursa Efek Indonesia Periode 2013 – 2022, yang terdiri dari 17 Perusahaan. Hasil penelitian menunjukkan bahwa perusahaan yang memiliki nilai EVA positif yaitu Multi Bintang Indonesia Tbk, Delta Djakarta Tbk., Ultra Jaya Milk Industri Tbk., Mayora Indah Tbk., Sekar Laut Tbk., Akasha Wira Internasional Tbk., Budi Starch & Sweetner Tbk, Wilmar Cahaya Indonesia Tbk., Siantar Top Tbk, Fks Food Sejahtera Tbk, Tunas Baru Lampung Tbk, Nippon Indosari Corpindo Tbk, Tri Banyan Tirta Tbk dan Sekar Bumi Tbk. Perusahaan yang memiliki nilai EVA negatif yaitu Indofood Sukses Makmur Tbk., Prasidha Aneka Niaga Tbk dan Indofood Cbp Sukses Makmur Tbk. Perusahaan yang memiliki nilai MVA positif yaitu Multi Bintang Indonesia, Delta Djakarta Tbk., Ultra Jaya Milk Industri Tbk., Mayora Indah Tbk., Sekar Laut Tbk., Akasha Wira Internasional Tbk. Budi Starch &Sweetner Tbk, Wilmar Cahaya Indonesia Tbk., Siantar Top Tbk, Fks Food Sejahtera Tbk, Tunas Baru Lampung Tbk, Nippon Indosari Corpindo Tbk, dan Tri Banyan Tirta Tbk. Perusahaan yang memiliki nilai MVA negatif yaitu Indofood Sukses Makmur Tbk., Prasidha Aneka Niaga Tbk, Indofood Cbp Sukses Makmur Tbk dan Sekar Bumi Tbk.
The Effect Of Corporate Governance, Derivative Hedging, And Risk Governance On Company Value In Manufacturing Companies Listed On The Indonesia Stock Exchange In 2018-2022 Kern Rahman Maulana Asnawi Putra; Mahatma Kufepaksi; Sri Hasnawati
International Journal of Economics, Business and Innovation Research Vol. 5 No. 01 (2026): December - January, International Journal of Economics, Business and Innovatio
Publisher : Cita konsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijebir.v5i01.2620

Abstract

This study aims to analyze the effect of Corporate Governance, Derivative Hedging, and Risk Governance on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2018–2022. The research is based on the importance of corporate governance, hedging strategies, and risk management as factors that can influence investor perception and enhance firm value. The study population consisted of 225 manufacturing companies listed on the IDX, and through purposive sampling, 45 companies were selected as samples that met the criteria. Secondary data were obtained from annual reports and analyzed using EViews software. The results indicate that Good Corporate Governance (GCG) has a positive coefficient, but does not have a significant effect on firm value. Derivative hedging also shows a positive relationship, however it is not significant in increasing firm value. Furthermore, Risk Governance is found to have no significant effect on firm value, suggesting that the risk management practices disclosed by companies have not provided a substantial impact on enhancing firm value. These findings emphasize that the three variables have not become primary determinants in shaping the firm value of manufacturing companies listed on the IDX during the study period.
Co-Authors Annisya Uzzaqia H Igo Febrianto Ilham Oktarianda Kern Rahman Maulana Asnawi Putra Muslimin Muslimin Noah Gorga Halomoan Gultom Sri Hasnawati Tiffany Cheyenne Rachel Adjani