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Pengaruh Ukuran Perusahaan, Profitabilitas dan Leverage Terhadap Harga Saham dengan Nilai Perusahaan sebagai Variabel Intervening Pradanimas, Aqilla; Sucipto, Agus
BRILIANT: Jurnal Riset dan Konseptual Vol 7 No 1 (2022): Volume 7 Nomor 1, Februari 2022
Publisher : Universitas Nahdlatul Ulama Blitar

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (317.111 KB) | DOI: 10.28926/briliant.v7i1.788

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh ukuran perusahaan, profitabilitas dan leverage terhadap harga saham dengan nilai perusahaan sebagai variabel intervening. Penelitian ini dilakukan pada perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2015-2020. Teknik pengambilan sampel yaitu purposive sampling sehingga diperoleh 28 perusahaan. Penelitian kuantitatif ini menggunakan path analysis dengan SPSS. Hasil penelitian ini yaitu ukuran perusahaan berpengaruh negatif signifikan terhadap nilai perusahaan, profitabilitas dan leverage berpengaruh positif signifikan terhadap nilai perusahaan. Ukuran perusahaan, profitabilitas dan nilai perusahaan berpengaruh positif signifikan terhadap harga saham sedangkan leverage berpengaruh negatif signifikan terhadap harga saham. Ukuran perusahaan berpengaruh negatif tidak signifikan terhadap harga saham melalui nilai perusahaan. Profitabilitas berpengaruh positif tidak signifikan terhadap harga saham melalui nilai perusahaan. Leverage berpengaruh positif signifikan terhadap harga saham melalui nilai perusahaan.
The impact of inflation and interest rates on global stock markets: The moderating role of consumer confidence across five continents A'la, Ahmad Zidni Nuuron; Sucipto, Agus; Yuliana, Indah
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 12 No. 5 (2024): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v12i5.37663

Abstract

This study examines the impact of inflation and interest rates on global stock market index performance, with the moderating role of the Consumer Confidence Index (CCI) across five countries representing different continents: the United States, the United Kingdom, China, South Africa, and Australia. These countries were selected for their distinct economic policies and significant contributions to the global economy. Using the Moderated Regression Analysis (MRA) method and 2,400 monthly data observations spanning 2014 to 2023, sourced from official institutions such as central banks and financial agencies, this research provides key insights. The findings reveal that inflation positively influences index performance in the United States, the United Kingdom, and Australia, while it negatively impacts performance in China. Interest rates predominantly have a negative effect on index performance, except in the United Kingdom and China, where the effect is statistically insignificant. The moderation effect of the CCI varies by country, highlighting the role of unique economic contexts in shaping the relationship between inflation, interest rates, and stock market indices. This study offers valuable implications for policymakers in managing inflation and bolstering consumer confidence and provides strategic insights for investors navigating global economic dynamics.
Analisis Likuiditas Saham Sebelum, Saat dan Sesudah Pengumuman Stoch Split Sucipto, Agus
el Harakah: Jurnal Budaya Islam Vol 8, No 1 (2006): EL HARAKAH
Publisher : UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/el.v8i1.4619

Abstract

Stock split announcement is one of information type published by emitent that is used to know market reaction. When stock split announcement contains information, the market reacts that is shown by the changing of stock price. This study is intended to describe the effect of stock split announcement to market reaction using event study. This approach is used to identify the reaction of the market which is an activity of trading volume and bid-ask spread of stock used to know stock liquidity. The findings show that there is no significant difference between stock trading volume activity before, during and after stock split announcement. Whereas, the period of before and after the announcement, there is a significant difference of stock trading volume activity. The finding of bid-ask spread stock shows that there is a significant difference in the period of before and after stock split announcement. But there is no significant difference in the period of before and after stock split announcement. Pengumuman pemecahan saham adalah salah satu jenis informasi yang diterbitkan oleh emiten yang digunakan untuk mengetahui reaksi pasar. Bila pengumuman pemecahan saham berisi informasi, pasar bereaksi yang ditunjukkan oleh perubahan harga saham. Penelitian ini bertujuan untuk mendeskripsikan efek pengumuman pemecahan saham terhadap reaksi pasar dengan menggunakan kajian peristiwa. Pendekatan ini digunakan untuk mengidentifikasi reaksi pasar yang merupakan aktivitas volume perdagangan dan pemecahan saham yang digunakan untuk mengetahui likuiditas saham. Temuan menunjukkan bahwa tidak ada perbedaan yang signifikan antara aktivitas volume perdagangan saham sebelum, selama dan setelah pengumuman pemecahan saham. Padahal, periode sebelum dan sesudah pengumuman, ada perbedaan yang signifikan dari aktivitas volume perdagangan saham. Temuan menunjukkan bahwa ada perbedaan yang signifikan pada periode sebelum dan sesudah pengumuman pemecahan saham. Namun tidak ada perbedaan yang signifikan pada periode sebelum dan sesudah pengumuman pemecahan saham.
The Moderating Role of Dividend Policy on The Influence of Liquidity, Profitability, Leverage, and Investment Opportunity Set Against Stock Return Registered in The Jakarta Islamic Index Mufidah, Nailul; Sucipto, Agus
Media Ekonomi dan Manajemen Vol 35, No 2 (2020): Empowering Corporate Governance for Sustainable Development
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (532.338 KB) | DOI: 10.24856/mem.v35i2.1553

Abstract

Stock return is an advantage expected by the investor in the latter days to the number of funds he/she has invested. There are two factors that affect the stock return, namely external and internal factors. The purpose of this study is to analyze the moderating role of dividend policy in the relationship between liquidity, profitability, leverage, and investment opportunity set against the stock return. This research uses a descriptive quantitative method with the population is service companies registered in the Jakarta Islamic Index for 2014-2018 periods. By implementing a purposive sampling technique, this study ended-up with 7 service companies as a sample.  Moreover, data analysis is processed with partial least square analysis techniques using the Application WarpPLS 6.0. The results showed that liquidity has significant negative impact on the stock return, profitability and investment opportunity set significantly positively affect the stock return, and leverage has no significant effect on stock return. While the dividend policy strengthens the liquidity relationship to stock return, the dividend policy weakens the leverage relation to the stock return, otherwise, the dividend policy is unable to moderate the profitability relationship and investment opportunity set against the stock return.
Menentukan Arah Kiblat dengan Metode Rashdul Kiblat Shafaruddin, Khalid; Piliang, Rudi; Sucipto, Agus
Jurnal Pelita Nusantara Vol. 3 No. 3 (2025): Jurnal Pelita Nusantara : Kajian Ilmu Sosial Multidisiplin
Publisher : CV Global Research Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59996/jurnalpelitanusantara.v3i3.948

Abstract

This research extensively examines alternative methods based on celestial mechanics and astronomy namely the Global Rashdul Qibla (Istiwa A'zam) and the Daily (Local) Rashdul Qibla methods as comprehensive solutions for achieving high-precision Qibla direction. Utilizing a qualitative research design with a mathematical approach using spherical trigonometry and simulated field observations, this study formulates standard operating procedures for Qibla calibration using solar shadow instruments, ranging from simple gnomons to the modern modified Mizwala Qibla Finder instrument. Simulations of spatial observation data at several coordinate points in Indonesia demonstrate that the solar shadow method can reduce deviation errors to less than five arcminutes (0° 5'), far surpassing the reliability of digital compasses, which consistently exhibit deviation distortions ranging from 1° to 5°. The conclusion of this study confirms that the Rashdul Qibla method definitively resolves the issue of Earth's magnetic anomalies. It is easily implemented communally by the public without requiring geodetic expertise or expensive optical instruments, and is highly recommended as the primary standard for calibrating the orientation of places of worship, with the operational caveat that it relies on clear meteorological weather conditions.