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Analysis Investor Index Indonesia with Capital Asset Pricing Model (CAPM) Pramono, Erry Sigit; Rudianto, Dudi; Siboro, Fernando; Abdul Baqi , Muhamad Puad; Julianingsih, Dwi
Aptisi Transactions On Technopreneurship (ATT) Vol 4 No 1 (2022): March
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/att.v4i1.218

Abstract

This study aimed to compare composition of the optimal portfolio of stocks, the proportion of funds in each of these stocks and calculate risk and return portfolio from Investor33 (INV33) Index and Jakarta Islamic Index (JII) in research period January 2016-December 2018. The method used in this research is a quantitative descriptive method. Sample in this study using purposive sampling were 24 stock from INV33 Index and 17 stock from JII Index. The results of the study were as follows : (1) The optimal portfolio of stocks by using capital asset pricing model from INV33 Index are CPIN (Charoen Pokphand Indonesia Tbk), ITMG (Indo Tambangraya Megah Tbk), BBCA (Bank Central Asia Tbk), UNTR (United Tractor Tbk), (TLKM) Telekomunikasi Indonesia (Persero) Tbk, ICBP (Indofood CBP Sukses Makmur Tbk), BBTN (Bank Tabungan Negara Persero Tbk and from JII Index are ADRO (Adaro Energy Tbk), ICBP (Indofood CBP Sukses Makmur Tbk), INCO (Vale Indonesia Tbk), INDF (Indofood Sukses Makmur Tbk), TLKM (Telekomunikasi Indonesia Persero Tbk), UNTR (United Tractor Tbk). (2) The composition of the proportion of funds in optimal portfolio formed by INV33 Index are BBCA (46,49%), CPIN (20,11%), ICBP (12,78%), ITMG (8,59%), UNTR (6,95%), TLKM (4,11%) and BBTN (0,97%) and from JII Index are ICBP (34,96%), ADRO (19,47%), UNTR (16,26%), INCO (10,88%), TLKM (10,43%) and INDF (8,00%). (3) The optimal portfolio of stocks return from INV33 Index was greater than stock portfolio return from JII Index and the optimal portfolio of stocks risk from INV33 Index was lower than stock portfolio risk from JII Index.
Determinants of the Underpricing Rate of Stocks: Study on Companies Conducting IPO on the IDX Rudianto, Dudi; Ratnawati, Aryanti; Susanto, Bambang; Susilo, Tri Pujadi
Adpebi International Journal of Multidisciplinary Sciences Vol. 1 No. 1 (2022)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijms.v1i2.227

Abstract

This article analyzes the determinants that affect the level of underpricing in property and real estate sub-sector companies that conduct Initial Public Offerings (IPOs) on the Indonesia Stock Exchange for the 2015-2019 period. The variables used in this study include financial factors consisting of Current Ratio (CR) for liquidity ratios, Debt to Equity Ratio (DER) for leverage ratios, Return On Assets (ROA) for profitability ratios, and Earning Per Share (EPS) for ratios. market, as well as non-financial factors consisting of Underwriter Reputation (UR) and Share Offering Percentage (SOP). The results show that simultaneously all financial and non-financial factors have a significant effect on the level of underpricing, with a very strong influence. While partially CR, ROA, UR and SOP are factors that have a significant influence on the level of underpricing. So it can be concluded that financial and non-financial factors have the same influence on the level of underpricing.
The Effect Of Impaired Loan And CAR To Banking Performance At Private National Bank : Listed On Indonesia Stock Exchange 2015-2019 Ratnawati, Aryanti; Susanto, Bambang; Saepudin, Saepudin; Herdiyanti, Gita; Rudianto, Dudi; Khalingga, M Ariq
Adpebi International Journal of Multidisciplinary Sciences Vol. 1 No. 1 (2022)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijms.v1i1.310

Abstract

The purpose of this study was to determine the effect of impaired loans and capital adequacy ratios on banking performance at Private Commercial Banks listed on Indonesia Stock Exchange for period 2015-2019. Research method uses a quantitative approach with multiple regression analysis. The source of this research uses secondary data. The sample of this study were 18 companies Private Commercial Banks using purposive sampling technique. Finding test results show that Impaired Loans have no significant effect on banking performance while the Capital Adequacy Ratio has a significant effect on banking performance. Simultaneously, it shows that Impaired Loans and the Capital Adequacy Ratio have a significant effect on banking performance. Value the determination coefficient of 0.075 indicates that the Impaired Loan and the Capital Adequacy Ratio provide a variation of 7.5% on banking performance, while the remaining 92.5% is influenced by other factors that are not observed.
Impact of Internal and External Factors of a Company Facing the Return of the Company with a Compas100 Indeks Noted on the Indonesia Shipping Borse Sinaga, Uchock Pandapotan Raja Salomo; Rudianto, Dudi
Ilomata International Journal of Tax and Accounting Vol. 5 No. 3 (2024): July 2024
Publisher : Yayasan Ilomata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijtc.v5i3.1322

Abstract

The coal industry is a pillar of the Indonesian economy as the main energy source and an important contributor to the country's foreign exchange. Coal companies in the Kompas100 Index show significant stock performance measurements, giving rise to the need to understand the factors that contribute to variations in stock returns, both in terms of internal and external factors. This research aims to analyze the influence of internal factors (Current Ratio, Net Profit Margin, Debt to Equity Ratio) and external factors (inflation, interest rates, currency exchange rates) on stock returns of coal companies listed on the Kompas100 Index on the Indonesia Stock Exchange. This research method uses a quantitative approach, purposive sampling is used to select samples based on the availability of complete financial data and relevant historical stock price data. The analysis shows that in this study, the Current Ratio (CR) has a significant positive influence on Stock Returns, while the Net Profit Margin (NPM) also has a significant positive influence. On the other hand, the Debt to Equity Ratio (DER) has a significant positive influence. Externally, inflation has a significant negative impact on Stock Returns, while interest rates also have a significant negative impact, but the exchange rate does not affect Stock Returns. Overall, internal factors influence Stock Returns, and external factors also influence Stock Returns. Additionally, the combination of internal and external factors collectively affects Stock Returns with significant interaction complexity.
FAKTOR-FAKTOR MAKRO EKONOMI PENGARUHNYA TERHADAP INDEKS HARGA SAHAM GABUNGAN (STUDI KASUS PADA BURSA EFEK INDONESIA TAHUN 2017 - 2023) Juniar, Aldo Ghaffar; Rudianto, Dudi; Widana, Gusti Oka
Indo-Fintech Intellectuals: Journal of Economics and Business Vol. 5 No. 2 (2025): Indo-Fintech Intellectuals: Journal of Economics and Business (2025)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/ifijeb.v5i2.3399

Abstract

Penelitian ini bertujuan untuk membuktikan pengaruh determinan faktor-faktor makro ekonomi, khususnya inflasi, nilai tukar rupiah, pertumbuhan ekonomi dan indeks S&P500, terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI). Periode yang digunakan dalam penelitian ini adalah 7 (tujuh) tahun dengan data time series bulanan, mulai dari Januari 2017 hingga Desember 2023. Jenis penelitian ini adalah penelitian asosiatif kausal dengan menggunakan metode kuantitatif. Objek pada penelitian ini yaitu Indeks Harga Saham Gabungan (IHSG), inflasi, nilai tukar rupiah, pertumbuhan ekonomi, dan indeks S&P500. Data yang digunakan adalah data sekunder. Hasil pengujian menggunakan teknik analisis Regresi Linier Berganda ini menunjukkan bahwa inflasi, nilai tukar rupiah, pertumbuhan ekonomi dan indeks S&P500 secara simultan berpengaruh positif signifikan terhadap Indeks Harga Saham Gabungan (IHSG). Secara parsial, inflasi, nilai tukar rupiah, pertumbuhan ekonomi berpengaruh positif dan signifikan terhadap IHSG, sedangkan indeks S&P500 memiliki pengaruh positif namun tidak signifikan kepada IHSG pada periode Januari 2017 – Desember 2023. Artinya, setiap kenaikan atau penurunan nilai inflasi, nilai tukar rupiah, dan pertumbuhan ekonomi sejalan dengan kenaikan atau penurunan nilai IHSG. Sedangkan setiap kenaikan atau penurunan nilai indeks S&P500 cenderung tidak memengaruhi setiap kenaikan maupun penurunan nilai IHSG.
Company Financial Performance Before and During the Covid-19 Period in the Pharmaceutical Sub-Sector Dinulhaq, Rifky; Rudianto, Dudi
International Journal of Entrepreneurship and Business  Management Vol. 2 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia (ADPEBI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijebm.v2i1.573

Abstract

The Pharmaceutical Industry generates short-term profits that support the need of handling Covid-19. Based on this explanation, this study aims to determine the company's financial performance before and during the Covid-19 pandemic and compare the company’s financial performance before and during the Covid-19 pandemic in the pharmaceutical sub-sector listed on the IDX for the 2018-2021 period. Research using a purposive sampling method. Thus, 10 samples were obtained from 11 pharmaceutical sub-sector companies. The analysis technique used is the normality test, homogenity test, and paired sample t-test. Statistical calculations use the IBM SPSS Statistics 25 application. The results show that the company's financial performance before and during the Covid-19 pandemic in the pharmaceutical sub-sector as measured using the Current Ratio, Debt to Equity Ratio, and Return On Assets have values that are well above the standard. industrial value. While Total Assets Turnover produces a value that is not good below the industry standard value. So that there are 3 conditions of poor company performance such as INAF, KAEF, and PEHA, while there are 7 good company conditions such as DVLA, KLBF, MERK, PYFA, SCPI, SIDO, and TSPC. Comparison of the Current Ratio, Debt to Equity Ratio, Total Assets Turnover, and Return On Assets before and during the Covid-19 pandemic in the pharmaceutical sub-sector listed on the IDX showed no significant differences partially or simultaneously.
Analisis Pengaruh Market Value dan Dividend Policy terhadap Return Saham Indeks Bisnis-27 Pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Astrelita, Fahra Pracendi; Rudianto, Dudi
Jurnal Pendidikan Tambusai Vol. 9 No. 2 (2025): Agustus
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai, Riau, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jptam.v9i2.30250

Abstract

Penelitian ini dilakukan untuk mengetahui dan menganalisis pengaruh market value dan dividend policy terhadap return saham Indeks Bisnis-27 pada perusahaan yang terdaftar di BEI. Market value diukur dengan earning per share dan book value per share, sedangkan dividend policy diukur dengan dividend yield dan dividend payout ratio. Penelitian ini merupakan penelitian kuantitatif, dengan jumlah sampel sebanyak 16 perusahaan yang termasuk pada saham indeks-27 pada periode 2013-2022. Metode analisis data adalah analisis regresi linear berganda dengan software pengolahan data SPSS 25. Berdasarkan statistik deskriptif variabel penelitian, rata-rata earning per share tergolong kurang baik, rata-rata book value per share dikategorikan undervalued (Rp 2.632,6), rata-rata dividend yield tergolong rendah (0,03129), rata-rata dividend payout ratio dikategorikan cukup tinggi (0,474802), serta rata-rata return saham tergolong baik (0,158797). Kesimpulan dari penelitian ini memberikan hasil bahwa earning per share, dividend yield, dan dividend payout ratio secara signifikan berpengaruh terhadap return saham, sedangkan book value per share tidak berpengaruh signifikan terhadap return saham. Hubungan earning per share, dividend yield, dan dividend payout ratio terhadap return saham adalah searah, dimana semakin tinggi earning per share, dividend yield, dan dividend payout ratio, maka akan semakin tinggi pula return saham yang diterima investor. Hasil lain juga menunjukkan bahwa market value dan dividend policy secara simultan berpengaruh signifikan terhadap return saham.
ANALISIS KOMPARASI KINERJA KEUANGAN PT. MNC KAPITAL INDONESIA TBK SEBELUM DAN SESUDAH DILAKUKAN PROSES AKUISISI Vidian, Clara Sari; Rudianto, Dudi
Jurnal Cahaya Mandalika ISSN 2721-4796 (online) Vol. 3 No. 3 (2022)
Publisher : Institut Penelitian Dan Pengambangan Mandalika Indonesia (IP2MI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36312/jcm.v3i3.1423

Abstract

Not a few companies have gone bankrupt or are unable to survive in the current era, and in order to avoid this, the company must carry out a business strategy. The purpose of this research is to find out and analyze whether there are differences in the performance of PT MNC Kapital Indonesia Tbk companies both before and after the management has carried out the acquisition strategy. The method for analyzing the financial performance of the company PT MNC Kapital Indonesia Tbk both before and after the acquisition uses the financial ratio method which consists of the ratios of liquidity, activity, solvency to profitability and market value (sensitivity to market). The results of this study, namely that there is a significant difference in the financial performance of PT MNC Kapital Indonesia in terms of the activity ratio before and after the acquisition. The FATO ratio indicator has decreased, while the TATO and WCTO ratios have increased after management made the acquisition. A significant difference in the financial performance of PT MNC Kapital Indonesia is reviewed based on the solvency ratio before and after the acquisition. The ratio indicators DAR, DER and LRTD decreased after management carried out the acquisition policy, which is significant in PT MNC Kapital Indonesia's financial performance in terms of profitability ratios before and after the acquisition.
Analisis Deskripsi Kinerja Keuangan Perusahaan ( Studi Pada Perusahaan Sektor Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019 ) Aryani, Dara; Rudianto, Dudi
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (348.119 KB) | DOI: 10.36418/syntax-literate.v8i2.11423

Abstract

Penelitian ini ditujukan untuk mengetahui kinerja keuangan perusahaan barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2015-2019 dilihat dari rasio likuiditas, rasio solvabilitas, rasio profitabilitas dan rasio aktivitas. Metode yang digunakan dalam penelitian ini adalah deskriptif kuantitatif. Metode pengumpulan data dilakukan dengan cara dokumentasi, metode analisis data yang digunakan adalah metode analisa horizontal dan vertikal. Populasi penelitian ini adalah 27 perusahaan barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2019. Penentuan sampel dalam penelitian ini menggunakan sampling purposive dan jumlah sampel sebanyak 135 sampel. Hasil dari penelitian ini di peroleh kesimpulan bahwa semua sample data perusahaan yang memiliki current ratio di atas ratio industri adalah 17 Perusahaan dengan kode saham Sedangkan 10 perusahaan dengan memiliki nilai di bawah rata-rata current ratio industri. Terdapat 16 perusahaan perusahaan yang mendapatkan nilai di atas rata-rata debt to equity ratio . Adapun sisanya 11 perusahaan memiliki nilai di bawah rata-rata debt to equity ratio. Perusahaan yang memiliki nilai di atas rata-rata total asset turn over terdapat 16 perusahaan. Sedangkan 11 perusahaan memiliki nilai di atas rata-rata total asset turn over. Perusahaan yang memiliki rasio return on asset di atas industri rata-rata hanya 3 perusahaan dengan kode saham MERK, MLBI dan UNVR. Sedangkan 24 perusahaan memiliki return on asset di bawah rata-rata rasio industri. Hasil penelitian ini dapat dijadikan bahan pertimbangan bagi masyarakat sebagai informasi dan bahan pertimbangan jika ingin berinvestasi dan bagi perusahaan agar meningkatkan volume pendapatan dengan skala besar yang akan berimbas pada peningkatan laba perusahaan.
Dampak Blockchain dalam Manajemen Keuangan pada Perusahaan Fintech Ariati, Ira; Rudianto, Dudi
Journal of Economics and Business UBS Vol. 13 No. 2 (2024): Regular Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v13i2.1558

Abstract

Teknologi blockchain telah menjadi salah satu teknologi paling inovatif dalam beberapa tahun terakhir. Teknologi ini memiliki potensi besar untuk merevolusi berbagai industri, termasuk industri keuangan. Tujuan penelitian ini adalah untuk mengkaji dampak teknologi blockchain dalam manajemen keuangan pada perusahaan fintech. Penelitian ini menggunakan metode tinjauan literatur. Data diperoleh dari berbagai sumber terpercaya, seperti jurnal ilmiah, buku, artikel online, dan laporan penelitian. Data yang telah terkumpul dianalisis dalam tiga tahapan yakni reduksi data, penyajian data dan penarikan kesimpulan. Temuan dari penelitian menunjukkan bahwa pemanfaatan teknologi blockchain dalam pengelolaan keuangan di perusahaan fintech memiliki dampak yang sangat penting. Teknologi blockchain memungkinkan terjadinya transaksi keuangan yang lebih cepat, ekonomis, dan aman tanpa perlu melibatkan pihak ketiga, hal ini menghasilkan pengurangan biaya administratif dan risiko penipuan, serta peningkatan efisiensi operasional secara keseluruhan. Lebih lanjut, teknologi ini juga membuka peluang untuk pengembangan produk keuangan baru seperti kontrak pintar (smart contracts) dan tokenisasi aset, yang membuka jalan bagi terobosan baru dalam pertumbuhan bisnis serta akses keuangan yang lebih luas bagi masyarakat. Penggunaan blockchain dalam pengelolaan keuangan perusahaan fintech memperkuat transparansi, keamanan, dan efisiensi operasional secara keseluruhan, menjadikannya sebagai pendorong utama dalam pertumbuhan dan inovasi di sektor fintech.