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Journal : Jurnal Pasar Modal dan Bisnis

Penggunaan Value Added Intellectual Capital (VAIC) Sebagai Prediktor Nilai dan Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan di Sektor Miscellaneous, Consumer Goods Property, Real Estate & Building Construction dan Infrastructure, Utilities Firman Adnan; Josephine Sudiman
Jurnal Pasar Modal dan Bisnis Vol 1 No 2 (2019)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (405.059 KB) | DOI: 10.37194/jpmb.v1i2.26

Abstract

This research is motivated by the development of science and technology that causes many companies to make business strategies based on science, namely intellectual capital (IC). One measurement that can be used to measure IC is VAICTM developed by Pulic (2000). The purpose of this study is to analyze the effect of intellectual capital on the market value and financial performance of companies. The research method used is a simple linear regression method. The sample of this study are companies of the miscellaneous, consumer goods, property and infrastructure sectors listed on the Indonesia Stock Exchange between 2015 and 2018. The results of this study indicate that IC is only able to be a predictor of financial performance as measured by using return on assets (ROA) and return on equity (ROE), while IC is not able to be a predictor of company value measured using price book value (PBV), price earnings ratio (PER) and Tobin's Q (Q).
Analisis Tingkat Pemahaman Akuntansi Mahasiswa dengan Model Pembelajaran Role-Play (Studi Kasus: Mahasiswa Jurusan Akuntansi Politeknik Negeri Padang) Diki Supriadi; Josephine Sudiman; Lisa Amelia Herman
Jurnal Pasar Modal dan Bisnis Vol 1 No 2 (2019)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (388.359 KB) | DOI: 10.37194/jpmb.v1i2.29

Abstract

This research was conducted at Padang State Polytechnic Department of Accounting. Students of this department acted as junior accountants in a role-play learning model with the aim to study their level of understanding at preparing basic financial reporting. Research method used is a qualitative descriptive method by conducting interviews, observations and documentation to obtain data and information that is accurate and similar to actual situations. The results showed that participants with a high accounting understanding level as much as 58%, a moderate accounting understanding level as much as 25% and with a low accounting understanding level as much as 17%. The results also show that the obstacles during this role-play learning model are lack of participants’ effort to learn the given modules and to act accordingly.
Hubungan Likuiditas, Profitabilitas, Leverage Dan Earning Per Share Terhadap Underpricing pada Perusahaan Yang Melakukan Initial Public Offering (IPO) Tahun 2009-2018 Nadya Khaira; Josephine Sudiman
Jurnal Pasar Modal dan Bisnis Vol 1 No 2 (2019)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (431.54 KB) | DOI: 10.37194/jpmb.v1i2.30

Abstract

This research aims to determine the relationship of liquidity, profitability, leverage and earnings per share on underpricing of companies conducting Initial Public Offering (IPO) from 2009 to 2018, using a purposive sampling method with a total sample of 156 companies. Secondary data obtained from the prospectus and the company's financial statements and Spearman rank-order correlation used for hypothesis testing. The results of this study indicate that: (1) Liquidity have no relationship with underpricing, (2) Profitability have a low relationship with underpricing, (3) Leverage has a very low relationship to underpricing, (5) Earning per share (EPS) variable has no relationship to underpricing.
Simple Moving Average: Lebih baik dibanding Buy and Hold Strategy? Jefarel Jefarel; Josephine Sudiman
Jurnal Pasar Modal dan Bisnis Vol 3 No 1 (2021)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v3i1.63

Abstract

The purpose of this study is to identify the optimal period of the Moving Average technique used to generate a better return towards 38 stocks included in the LQ 45 Index in Indonesia. The author uses 2 approaches, namely momentum and contrarian and applies the Simple Moving Average technique with various period modifications to daily trading data of 2018 and 2019. The optimal period is retested using data of 2020. The results suggest that the momentum strategy is superior to that of contrarian strategy, but overall these two strategies produce better returns than the Buy and Hold strategies. Specifically, the average loss of investors who adopt the Buy and Hold strategy is 26.43% in 2020, much higher than those who apply the contrarian strategy (the second approach) which will only experience a decrease in wealth value of 9.91% and 2.61% for those who implement momentum strategy (first approach).