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ANALISIS EFISIENSI PASAR MODAL SYARI’AH BENTUK LEMAH DAN SETENGAH KUAT PADA BURSA EFEK INDONESIA Susi Nuryanti; Tina Sulistiyani
Jurnal Fokus Manajemen Bisnis Vol. 4 No. 2 (2014)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v4i2.1356

Abstract

The purpose of this study was to test the efficiency of the Islamic capital market is weak form by using price information in 2014 and forms a strong half by using information announcement of fuel price increases in November 2014. Sampling was done by purposive sampling method. For weak form efficiency test sample obtained 30 companies, and 24 samples to test the efficiency of a semi-strong. Capital market efficiency hypothesis testing is done with a weak form Run test. While the half strong form efficiency hypothesis was tested with One sample test. Results from this study are in the period 2014 Islamic capital market has been efficient in weak form by using price information, evidenced by the pattern of change in the return 28 of the 30 shares of the company are random sample (random), and has been efficient in the form of a strong half by using information price increase BBM, as evidenced by the occurrence of significant abnormal returns around the announcement date of the increase in fuel, ie at t0 (the day of the announcement), t + 2 (two days after the announcement) and T + 5 (five days after the announcement).
PENGARUH PERISTIWA PENGUMUMAN KABINET KERJA JOKOWI DAN JUSUF KALLA TERHADAP PASAR MODAL DI INDONESIA Siti Nur Wijayanti; Tina Sulistiyani
Jurnal Fokus Manajemen Bisnis Vol. 4 No. 2 (2014)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v4i2.1358

Abstract

The purpose of this research is to analyze the effect of announcement event from Kabinet Jokowi-Jusuf Kalla toward capital market in Indonesia as seen in the stock price differences and occurences of abnormal return. This research uses event study research method conducted for 30 days. That is the first fifteen days before the event the event and fifteen days after the event began from October 6th, 2019 until November 14th, 2014. The testing instrument used for seeking the differences of stock price in every company uses Paired Sample T Test. While for abnormal return testing the researcher uses One Sample T Test. The result of the research shows that announcement effect of Kabinet Kerja Jokowi-Jusuf Kalla in Indonesian capital market gives significant difference on 14 companies from 24 companies which is incorporated in Jakarta Islamic Index (JII) in period of June to November 2014. The second result of the research shows a presence of abnormal return that can be seen on Ciputra Development Tbk. Because of announcement effect from Kabinet Kerja Jokowi-Jusuf Kalla in Indonesian capital market.
PENGARUH TINGKAT PERTUMBUHAN PERUSAHAAN, RETURN ON ASSETS (ROA), DAN SHAREHOLDER DISPERSION TERHADAP KEBIJAKAN DIVIDEN DAN INDUSTRI MANUFAKTUR DI BURSA EFEK INDONESIA Amanda Deby Sheviana; Tina Sulistiyani
Jurnal Fokus Manajemen Bisnis Vol. 4 No. 2 (2014)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v4i2.1359

Abstract

This research aims to understand the influence of a variable degree growth of the company, return on assets (ROA) and shareholder dispersion partial evaluation and simultaneously to predict dividend policy to companies manufacturing industry which is listed on the Bursa Efek Indonesia. The sample collection by using purposive sampling method of sample and obtained 10 companies. The method of analysis data used a liniear regression analysis worship of idols with the level of significance 0.05. The research results show that: (1) the rate of growth of the company have a negative influence and significance 0.038. (2) ROA it has some positive effects and significance against its policies with a value of dividend t count 4,827 and value of significant 0,000. (3) shareholder dispersion have a negative influence and significant against its policies with a value of dividend t count -3,420 and value of significant 0.002. (4) the rate of growth of the company, return on assets (ROA), shareholder dispersion in together influential positive and significant for policies with the value of dividend f count 16,089 significance and value 0.000.