Siti Chanifah
Universitas Muhammadiyah Tangerang

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Comparison Of Applying Single Index Model And Capital Asset Pricing Model By Means Achieving Optimal Portfolio Siti Chanifah; Hamdani Hamdani; Andi Gunawan
Agregat: Jurnal Ekonomi dan Bisnis Vol. 4 No. 1 (2020)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (572.207 KB) | DOI: 10.22236/agregat_vol4/is1pp8-24

Abstract

The aim of this research is to analyse the comparison of applying Single Index Model and Capital Asset Pricing Model by means of achieving the Optimal Portfolio towards registered Issuers which are listed on the Liquid Index 45 (LQ45). The observation has been conducted for 60 months, since February 2014 until January 2019. Quantitative approach has been used to analyse 45 companies as the total number of population of the research. There have been chosen 26 companies (issuers) as the sample of the research through Purposive Sampling Technique out of 45 companies. Single Index Model and CAPM have been used as the tools of analysis in this research. The results of the research show that portfolio is formed by Single Index Model because it considers all aspects of the economy which cause a security which may avoid from losses. Meanwhile, Capital Asset Pricing Model only considers particular risk in an efficient portfolio combinations. Needless to say, it would be better for investors to use Single Index Model in order to gain the most valueable achievement on investment yield value.
PENGARUH NET PROFIT MARGIN, RETURN ON EQUITY, INVENTORY TURNOVER TERHADAP PEMBAYARAN DIVIDEN (Pada Perusahaan Property, Real Estate dan Konstruksi Bangunan yang terdaftar (BEI ) Periode 2012 – 2015 ) Siti Chanifah; Hendi Eka Sumarga; Ira Maya Sopa
Jurnal Comparative: Ekonomi dan Bisnis Vol 2, No 1 (2020): Jurnal Comparative: Ekonomi Dan Bisnis
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (589.133 KB) | DOI: 10.31000/combis.v2i1.3096

Abstract

Penelitian ini bertujuan untuk menguji pengaruh kebijakan Net Profit Margin(NPM), return on Equity (ROE), Invemtory TurnOver (ITO) pada perusahaan Property, Real Estate dan Konstruksi Bangunan yang terdaftar pada Bursa Efek Indonesia (BEI) periode 2012 - 2015.Penelitian ini menggunakan data sekunder yaitu perusahaan Property, Real Estate dan Konstruksi Bangunan yang terdaftar di Bursa Efek Indonesia (BEI). Sampel yang digunakan sebanyak 10 perusahaan melalui metode purposive sampling. Metode analisIS yang digunakan adalah analisis regresi linear sederhana dan analisis linear berganda dengan bantuan software SPSS for windows versi 21.Berdasarkan hasil penelitian disimpulkan bahwa variabel  return on equity (ROE) berpengaruh terhadap nilai perusahaan (DPR). Sedangkan net profit margin (NPM), dan Inventory Turnover tidak berpengaruh teradap nilai perusahaan (DPR). Ketiga variabel tersebut secara simultan terbukti berpengaruh terhadap nilai perusahaan (DPR).Kata Kunci : Dividen Pay Out Ratio(DPR), Net Profit Pargin (NPM), Return On Equity (ROE) dan Inventory TurnOver (ITO)