Edi Pranyoto
Dosen Jurusan Manajemen, Informatics and Business Institute Darmajaya Jl. Z.A. Pagar Alam No. 93 Labuhan Ratu – Bandar Lampung – Indonesia 35142 Telp : (0721) 787214; Fax : (0721) 700261

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ANALISIS KOINTEGRASI DAN KAUSALITAS ENGEL GRANGER TINGKAT SUKU BUNGA SIMPANAN, PERUBAHAN NILAI TUKAR RP/USD DAN RETURN PASAR SAHAM DI BURSA EFEK INDONESIA Edi Pranyoto
Jurnal Bisnis Darmajaya Vol 3, No 2 (2017): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (300.433 KB) | DOI: 10.30873/jbd.v3i2.715

Abstract

 The Engel Granger Test is a method to indicate the possibility of a short-term and long-term relationship between economic variables as required by economic theory. In the concept of cointegration, two variables non-stationary will be cointegrated when the combination is linear as well. The purpose of this study is to apply the test cointegration and test of Engel Granger causality to see whether there is a relationship of short-term and long-term interest rate, exchange rate, and stock market returns in Indonesia Stock Exchange before and after crisis Monetary Indonesia. This research used time series data of interest rate, exchange rate, and stock market return. The result showed that there is long-term equilibrium relationship between stock return variables, interest rates and exchange rate on the Indonesia Stock Exchange. The stock return has a short-term and long-term impact on the exchange rate in the Indonesian capital market. The development of the exchange rate before economic crisis of 1993-1997 showed a relatively stable condition. However, since the end of 1997 until the year 2015 showed a relatively unstable condition, increased and decreased. Similarly, the development of stock returns and savings interest rates increased and decreased over time. In other words the movement of these three data indicates high volatility, making it difficult to predict the movement of these variables.Keywords: cointegration, causality of engel granger, time series, interest rate,                   exchange rate, and stock market return
KEPUTUSAN INVESTASI MASYARAKAT DI PASAR MODAL Edi Pranyoto; Nolita Yeni Siregar; Depiana Depiana
Jurnal Bisnis Darmajaya Vol 4, No 1 (2018): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (867.948 KB) | DOI: 10.30873/jbd.v4i1.1326

Abstract

ABSTRACT The development of a country can be measured by knowing the level of capital market and securities industry in the country. The capital market is market to obtain long-term funding sources, in addition between being a sources of financing, capital markets are also used as an investment. Investment is the sacrifices in the present in order to obtain greater benefits in the future. Investment decision-making is a process to conclude or make decisions on some issues or problems, one of which is to make a choice between two or more alternative of investment or a part of the transformation of inputs into outputs. The purpose of this study was to examine the perception of financial literacy, financial attitudes, and social demographics of financial behavior of employees in investment decision making. Samples in this study are all private employees in Bandar Lampung, there are 100 respondents used. This research method is associative with the data analysis technique used is multiple regression analysis. Data collection techniques using non-probability sampling with purposive sampling approach. The analysis showed that financial literacy, financial attitudes, and social demographics have a significant effect on financial behavior of employees in investment decision making with significant value less than 0,05. Keywords — Behavioral Finance, Investment Decisions, Financial Literacy, Financial Attitudes, Social Demographics. ABSTRAK Perkembangan suatu negara dapat diukur, salah satunya dengan mengetahui tingkat perkembangan dunia pasar modal dan industri-industri sekuritas pada negara tersebut. Pasar modal merupakan wadah untuk memperoleh sumber dana jangka panjang,selain menjadi tempat sumber pembiayaan, pasar modal juga digunakan sebagai sarana investasi. Investasi  merupakan  pengorbanan  yang  dilakukan  pada  saat  sekarang dengan tujuan untuk mendapatkan manfaat yang lebih besar di masa yang akan datang. Pengambilan keputusan investasi adalah proses untuk menyimpulkan atau membuat keputusan tentang beberapa isu atau permasalahan, salah satu nya adalah membuat pilihan diantara dua atau lebih alternatif investasi atau bagian  dari  transformasi  input  menjadi  output.Tujuan dari Penelitian ini adalah untuk menguji persepsi literasi keuangan, sikap keuangan, dan sosial demografi terhadap perilaku keuangan karyawan dalam pengambilan keputusan investasi. Sampel pada penelitian ini adalah seluruh karyawan swasta di Bandar Lampung dengan sampel yang digunakan sebanyak 100 responden. Metode penelitian ini adalah asosiatif dengan teknik analisis data yang di gunakan adalah Analisis Regresi Berganda. Tehnik pengambilan data menggunakannon-probability sampling pendekatanpurposive sampling. Hasil analisis menunjukkan bahwa literasi keuangan, sikap keuangan, dan sosial demografi berpengaruh signifikan terhadap perilaku keuangan karyawan dalam pengambilan keputusan investasi dikatakan berpengaruh karena nilai signifikansi kurang  dari 0,05. Kata Kunci — perilaku keuangan keputusan investasi, literasi keuangan, sikap keuangan, sosial demografi. 
HERDING BEHAVIOR, EXPERIENCED REGRET DAN KEPUTUSAN INVESTASI PADA BITCOIN Edi Pranyoto; Susanti Susanti; Septiyani Septiyani
Jurnal Bisnis Darmajaya Vol 6, No 1 (2020): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (438.502 KB) | DOI: 10.30873/jbd.v6i1.1928

Abstract

The objective of this research was to determine the effect of the herding behavior and the experienced regret on the investment decision. The type of this research was quantitative research. The data collecting technique used in this research was distributing questionnaires. The sampling technique used in this research was the snowball sampling technique. The number of samples used in this research was 100 investor of bitcoin. The data analyzing technique used in this research was the multiple linear regression analysis. The result of this research showed that the herding behavior had no significant effects on the investment decision; moreover, the experienced regret had a positive and significant effect on the investment decision. It meant that the investors rationally received and analyzed information well in bitcoin because they were not affected by the other investors and did not follow the market situation. In addition, the experienced level of investor regret was considered higher on the condition that the investment decision was also higher because they had enough experience in making the investment decision.  Keywords — Herding Behavior, Experienced Regret, Investment Decision, Bitcoin
DAPATKAH KITA MEMPREDIKSI PERUBAHAN HARGA SAHAM? Edi Pranyoto
Jurnal Bisnis Darmajaya Vol 2, No 1 (2016): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (520.986 KB) | DOI: 10.30873/jbd.v2i1.620

Abstract

The purpose of this paper is to study the behavior of stock prices at LQ45 based on the behavior of stock prices at LQ45 itself in the period 2013 until 2015. The sample in this study is a company incorporated at LQ 45 index from 2013 until 2015. The basic model of the data used is time series data. Time series data often indicates conditions are not stationary at the current level, but often shows a stationary through diferensi process. Then, the data will be analyzed using Model Autoregressive Integrated Moving Average (ARIMA / Box-Jenkins). Based on the test results showed that the stock price data at LQ45 in a random and white noise, so there is no dependence on the company's stock price changes at LQ 45 index.Key words : Efficient Market, Random Walk, White Noise
RESEARCH AND DEVELOPMENT (R&D) AND FIRM VALUE: AN EMPIRICAL STUDY FROM NON FINANCIAL SECTOR FIRM IN THE ERA OF MODERN TECHNOLOGY Edi Pranyoto; Susanti Susanti; Rubi Maulana Muis
Prosiding International conference on Information Technology and Business (ICITB) 2019: INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND BUSINESS (ICITB) 5
Publisher : Proceeding International Conference on Information Technology and Business

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Abstract

The purpose of this study was to determine the positive influence of Research and Development (RD ) on firm value. The results show that RD does not have a significant effect on firm value, while Corporate Social Responsibility (CSR) and type of industry have a significant impact on firm value. RD activities are activities that will be the company's investment in the long run. RD activities create a competitive advantage for companies by creating new products that are difficult for competitors to emulate in the era of modern technological development. Companies that carry out RD activities in the era of modern technology can be considered to have made long-term strategic investment companies that are used to increase firm value. Investors did not invest because RD is a strategic investment in the long term of the company that is used to increase the value of the company, while technology is developing very rapidly.Keywords: Research and Development, firm value, modern technology
Overconfident Ceo And Firm Value: A Critical Review, Bibliometric Analysis, And Research Agenda Ita Fionita; Edi Pranyoto
Prosiding International conference on Information Technology and Business (ICITB) 2022: INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND BUSINESS (ICITB) 8
Publisher : Proceeding International Conference on Information Technology and Business

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Abstract

The results of the literature review from 138 articles succeeded in identifying variables, countries, perspectives, and research methodologies in the context of research on Overconfident CEO and Firm Value conducted during 2004 - 2021. The results of the study found that studies of Overconfident CEO and Firm Values were mostly conducted in developed countries. namely in the United State as the main object of research. Based on the research methodology, the study size of Overconfident CEO and Firm Value uses a quantitative approach. The experimental, survey and combinative research methods become more relevant to be used to provide a better picture of the Overconfident CEO and Firm Value. In addition, future research on Overconfident CEO and Firm Value can use several less frequent variables, namely CEO Narcissism, dividend policy, capital structure, investment, corruption, ownership structure, and acquisitions.Keywords— Overconfident CEO, Capital Structure, agency theory, behavioral finance, systematic review, bibliometric.