Claim Missing Document
Check
Articles

Found 14 Documents
Search

Government Incentives and Consumer Motives on Electric Vehicle Purchase Intent in Indonesia Laksmana, Vincentius Christian; Mahadwartha, Putu Anom
International Journal of Business Economics (IJBE) Vol 6, No 1 (2024): September - Desember
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v6i1.20955

Abstract

Purpose – This research aims to examine how much influence consumer motives have on intentions to purchase licensed electric vehicles. This research also wants to measure the extent of the influence of direct financial incentives on the decision to adopt electric vehicles.Methodology – This research uses 329 valid survey results obtained through distributing online questionnaires. The data was then processed using structural equation modelling to test the empirical similarity of the hypothesis framework.Findings – The results of the structural equation modelling showed that 2 of the 4 independent variables were stated to have a positive impact on purchase intention. Hedonic motives and financial incentives provide the strongest influence on purchase intention.Originality/Novelty – This study is the first in Indonesia to investigate the influence of consumer motives to purchase electric vehicles. This study also evaluates the financial incentives provided by the Indonesian government to accelerate the use of electric vehicles.Implications – The results of this study can help the government formulate public policies that will be designed to increase the use of electric vehicles further. 
The effect of illiquidity, risk, beta and firm size towards stock returns: ASEAN stock exchanges Kuswarianto, Ivan; Mahadwartha, Putu Anom; Ernawati, Endang
Manajemen dan Bisnis Vol 23, No 2 (2024): September 2024
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/mabis.v23i2.816

Abstract

This study investigates the effect of factors related to the stock return, such as liquidity, company size, risk, and beta of companies listed on ASEAN Exchanges for 2011-2019. This study uses a quantitative approach by using multiple linear regression method. The dependent variable is stock return, while the independent variables used are liquidity, company size, risk, and beta. This research uses 14,580 observations of 1,620 wide-spread companies across Indonesia, Malaysia, Thailand, Vietnam, Singapore, and Philippine in nine years. The study finds that illiquidity, risk, and size positively influence stock return significantly, while beta has an insignificant positive effect on stock return. This study also finds that there are country-effect towards stock return in each country.
Comparison of Active And Passive Investment Strategies on The Indonesian Stock Exchange 2013 -2024 With The Magic Formula Method Adi Sarosa, Rinaldo; Mahadwartha, Putu Anom
Eduvest - Journal of Universal Studies Vol. 4 No. 4 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i4.1232

Abstract

This research aims to compare Active and Passive Investment Strategies on the Indonesian Stock Exchange for the 2013-2024 Using the Magic Formula Method introduced by Joel Greenblatt (2010), which is then optimized again using the Single Index Model. Magic formula is a simple stock selection strategy by sorting stocks based on Return on Capital (ROC) and Earning Yield (EY). The shares to be selected are included in the Kompas100 Index. The selected shares have also been listed on the stock exchange for a minimum of 18 months. Shares included in financial shares will be eliminated. The next step is to select 20 shares to be formed into a Portfolio based on the top ranking of the ROC and EY scores, these 20 shares will be optimized using the Single Index Model method. For active strategies, rebalancing will be carried out every year, while for passive strategies, buy and hold will be carried out. The results of this active strategy will be compared with passive strategies and IHSG. Portfolio measurement will be carried out in 4 ways, namely: return, Sharpe ratio, Treynor ratio and Jensen Alpha. The return from the optimized Magic Formula shows a value of 217.04%, higher than the original Magic Formula return of 43.43% and the passive strategy of 35.04% and the IHSG return of 47%, but the final research results of the portfolio show measurements based on return, ratio Sharpe, and Treynor ratios were not significantly different, being significantly different only from Jensen Alpha measurements.
Foreign Ownership, Agency Fees, Debt, and Company Value of Manufacturing Companies on the Indonesia Stock Exchange Budiman, Alvin; Mahadwartha, Putu Anom
AL-QARDH Vol 8 No 1 (2023): AL-QARDH
Publisher : Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Palangka Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to test the effect of foreign ownership, agency cost, and debt on firm value. The Independent variable used in this research is foreign ownership, measured by the percentage of foreign ownership; agency cost, measured by asset utilization; and debt, measured by debt ratio. The dependent variable of this research is a firm value measured by Tobin