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ANALISIS JANUARY EFFECT DITINJAU DARI ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADA KELOMPOK SAHAM LQ 45 DI BURSA EFEK INDONESIA PERIODE 2010-2016 Rohmi Saofiah; Zainal Abidin; G.A Sri Oktaryani
Distribusi - Journal of Management and Business Vol. 7 No. 1 (2019): Distribusi - Maret 2019
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/distribusi.v7i1.68

Abstract

Penelitian ini bertujuan untuk  melihat fenomena  January effect pada kelompok saham LQ45 yang terdapat di Bursa Efek Indonesia. January effect adalah anomali yang menyajikan abnormal return saham tertinggi terjadi di bulan Januari jika dibandingkan dengan sebelas bulan lainnya. Proksi yang digunakan adalah abnormal return dan trading volume activity. Penelitian ini dilakukan pada 20 perusahaan yang secara statis antara tahun 2010 sampai  tahun  2016  berada  dalam  kelompok  indeks  LQ45  di  Bursa  Efek Indonesia. Metode penentuan sampel yang digunakan adalah purposive sampling. Alat analisis yang digunakan dalam penelitian ini uji beda Paired sample t-tes dan uji Wilcoxon Sign Test. Hasil analisis penelitian menunjukkan bahwa dari sisi abnormal return secara keseluruhan tidak terdapat fenomena January effect pada kelompok saham LQ45 di Bursa Efek Indonesia, begitu juga dari sisi trading volume activity, January effect tidak terjadi pada kelompok saham LQ45 di Bursa Efek Indonesia.
The Moderating Effect of Dividend Policy on Free Cash Flow and Profitability Towards Firm Value G.A Sri Oktaryani; Siti Sofiyah Abdul Mannan
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 7 No. 3 (2018): JMM September 2018
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (377.817 KB) | DOI: 10.29303/jmm.v7i3.311

Abstract

This study is aimed to determine the moderating effect of Dividend Policy on Free Cash Flow and Profitability towards Firm Value. This study use Moderate Regression Analysis (MRA) as tool to analyze the moderating effect of Dividend Policy on the sample tested. Sample are chosen by using purposive sampling method from all manufacture firms that listed on Indonesian Stock Exchange throughout 2010-2015 which offered cash dividend to their shareholders. By using panel data, the findings show that Free Cash Flow and Profitability themselves have significant effect on Firm Value. But conversely, each Free Cash Flow and Profitability does not have significant effect on Firm Value after being moderated by Dividend Policy. It is because the direct effect of Free Cash Flow and Profitability toward Firm value is bigger than the indirect effect. The results indicate that Dividend Policy is just predictor moderation in this case.Dividend Policy, Free Cash Flow, Profitability, Firm Value, Manufacture, MRA
FAKTOR-FAKTOR YANG MEMPENGARUHI PENGAMBILAN KEPUTUSAN INVESTASI INVESTOR INDIVIDU DI KOTA MATARAM G A Sri Oktaryani; Siti Sofiyah Abdul Manan
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 9 No. 4 (2020): JMM November 2020
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (912.266 KB) | DOI: 10.29303/jmm.v9i4.584

Abstract

This study is aimed to identify the factors that influence investment decision making by individual investors in the city of Mataram. Due to the importance of investment decision for individual investor, various factors surely are taken into consideration before deciding into some kind of invesment transaction. Survey is conducted on 100 people from different age groups and professions in the city of Mataram. Most of the respondents choose to invest in asset such as real estate and gold, only a few of them choose market securities as investment. The results of the factor analysis show that there are five factors which affect investment decisions of individual investors in the city Mataram, namely financial literacy, advice and protection, future needs, time duration of investment, and risk and return. Keywords: investment decision, individual investor, financial literacy, advice, future needs,time duration, risk and return
FENOMENA ANOMALI MUSIMAN INDEKS HARGA SAHAM DI INDONESIA G. A. Sri Oktaryani; Iwan Kusuma Negara; Weni Retnowati; Iwan Kusmayadi
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 10 No. 2 (2021): JMM Juni 2021
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1107.505 KB) | DOI: 10.29303/jmm.v10i2.653

Abstract

This Research aims to obtain empirical evidence about the existence of anomaly seasonal effects on market returns on a daily and monthly basis on the IHSG and the LQ-45 Index in Indonesia throughout January 2015 untill September 2020. The diversity of arguments and research results regarding the phenomenon of seasonal anomalies in stock returns derived from previous studies make this phenomenon interesting to study. We analyze daily stock returns by using the Kruskal Wallis test, while the average monthly return is analyzed using the one-way Anova. The findings show that the phenomenon of stock anomaly returns according to the daily pattern of the week (day of the week effect) and the monthly pattern (month of the year effect) on IHSG and the LQ-45 Index are not proven within the range research from January 2015 to September 2020. The results of stock price forecasting provide benefits in supporting investors to develop their investment strategies. Futhermore, this information is also important to choose and determine which stocks should be bought and sold. In addition to investors, this information is also useful for management to monitor the pattern of stock price movements, so that they can plan, formulate strategies and take anticipatory steps based on possible threats that could arise.Keywords :Anomaly Seasonal Effect, day of the week effect, month of the year effect, market Return  
PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN YANG TERGABUNG DALAM INDEKS KOMPAS100 G. A. Sri Oktaryani; Awafiq Abdurrazak; Iwan Kusuma Negara
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 10 No. 3 (2021): JMM September 2021
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1313.351 KB) | DOI: 10.29303/jmm.v10i3.663

Abstract

The firm’s goal is to maximize the firm value or wealth for its shareholders. The purpose of this research is to examine the effects of profitability ratio, liquidity ratio, solvency ratio, and activity ratio on the firm value which are part of Kompas-100 index during period 2015 – 2019. Sample are selected by using purposive sampling method. The analysis technique used is multiple linear regression analysis. This study indicate that the profitability, liquidity and activity ratio have positive and significant effect on firm value. Meanwhile, the solvability has a negative and significant effect on firm’s value.Keywords:Profitability; liquidity; solvability; activity; firm value
PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING Dewi Rahmasari; Embun Suryani; Sri Oktaryani
JURNAL SOSIAL EKONOMI DAN HUMANIORA Vol. 5 No. 1 (2019): JURNAL SOSIAL EKONOMI DAN HUMANIORA
Publisher : Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (813.861 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui “Pengaruh Leverage Dan Likuiditas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening”. Sampel penelitian diambil dari perusahaan sektor Perdagangan, Jasa dan Investasi yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2012-2017 dengan metode purposive sampling. Diperoleh 10 perusahaan sebagai sampel, yang diobservasi selama 6 tahun dengan total observasi sebanyak 60. Teknik analisis data yang digunakan adalah analisis jalur, analisis outer model, analisis inner model dan uji hipotesis dengan bantuan SmartPLS 3.2.8. Hasil penelitian menunjukkan bahwa Leverage dan Kebijakan Dividen tidak berpengaruh terhadap Nilai Perusahaan, sedangkan Likuiditas berpengaruh positif dan signifikan terhadap Nilai Perusahaan. Leverage tidak berpengaruh terhadap Kebijakan Dividen dan Likuiditas berpengaruh positif dan signifikan terhadap Kebijakan Dividen. Pengaruh tidak langsung menunjukkan variabel Leverage dan Likuiditas tidak berpengaruh terhadap Nilai Perusahaann melalui Kebijakan Dividen
Pengaruh Good Corporate Governance Terhadap Profitabilitas (Studi Pada Perusahaan Manufaktur Di Bursa Efek Indonesia) Sri Oktaryani; Siti Sofiyah Abdul Mannan; I Nyoman Nugraha Ardana Putra
JURNAL SOSIAL EKONOMI DAN HUMANIORA Vol. 6 No. 1 (2020): JURNAL SOSIAL EKONOMI DAN HUMANIORA
Publisher : Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (401.907 KB)

Abstract

This study is aimed to determine the effect of Good Corporate Governance on profitability. Good Corporate Governance consist of three variables, which are independent commissioner, managerial ownership and institutional ownership. While profitability is measured by Return on Equity (ROE). The population of this research is manufacturing companies that listed on the Indonesia Stock Exchange. There are 43 companies as samples in this study which were obtained by purposive sampling method. Data collected by combining cross-section and time-series data. Furthermore, panel data analyze by multiple linear regression analysis by using EViews software. The findings show that independent commissioners, managerial ownership and institutional ownership has no significant effect on profitability.
CONTRARIAN STRATEGY: EVIDENCE OF PRICE REVERSAL ON WINNER-LOSER PORTFOLIOS Kusmayadi, Iwan; Suprayetno, Djoko; Wardani, Laila; Abidin, Zainal; Ahyar, Muhammad; Sri Oktaryani, G. A.
Distribusi - Journal of Management and Business Vol. 12 No. 2 (2024): Distribusi, September 2024
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/distribusi.v12i2.583

Abstract

This study aims to analyze the effectiveness of the contrarian strategy by demonstrating the existence of price reversal phenomena in winner-loser stock portfolios on the Indonesia Stock Exchange (IDX). This research differs from previous studies by comprehensively exploring the Indonesian stock market (IDX), which has characteristics distinct from developed countries. Thus, this research contributes new insights to the investment literature in emerging markets. The research approach is quantitative, utilizing monthly data in the form of stock closing prices from all companies listed on the IDX from January 2020 to June 2023, totaling 866 companies, with a selected sample of 670 companies. The hypothesis was tested using an independent sample t-test. The results show that the winner and loser stock portfolios experienced price reversal in the first month after the formation period. However, in the second and third months, the winner stock portfolio did not experience a price reversal but showed significant changes. Meanwhile, the loser stock portfolio experienced price reversals in the first, second, and third months after the formation period. Both portfolios exhibit significant differences in AAR and CAAR values, leading to the general conclusion that price reversal symmetry occurred. Such conditions present opportunities for investors or traders, serving as signals to make contrarian decisions buying loser stocks or selling winner stocks. This phenomenon also provides evidence of the winner-loser anomaly in the Indonesian capital market.
PENGARUH PROFITABILITAS DAN GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA Rizka Azwar, Sabina Jannatin; Oktaryani, G.A Sri
Jurnal Daya Saing Vol. 11 No. 2 (2025): Dinamika Manajemen, Ekonomi, dan Kebijakan Publik di Era Digital
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/dayasaing.v11i2.2117

Abstract

This study aims to determine the influence of profitability and growth opportunities on company value in property and real estate sector companies listed on the Indonesia Stock Exchange. This research is a quantitative research that is associative. Samples were taken using the purposive sampling technique. In this study, the research sample amounted to 29 companies from 66 property and real estate companies listed on the Indonesia Stock Exchange (IDX) 2021-2023, so that the research data analyzed amounted to 87 observations. The panel data analysis method in this study is multiple linear regression analysis using Eviews version 12. The results of this study show that profitability has a positive and significant effect on the company's value. Meanwhile, growth opportunities have no effect on the company's value. From the results of this study, it is hoped that prospective investors need to pay attention to the company's growth opportunities carefully, because high asset growth does not always guarantee an increase in the company's value. And for companies, it is hoped that from the results of this study, companies will consider managing growth opportunities wisely so that growth can be controlled without causing risks
PENGEMBANGAN UMKM MELALUI MANAJEMEN SUMBER DAYA MANUSIA BERBASIS E-COMMERCE PADA PENGERAJIN SENTRA TENUN PRINGGASELA Suprayetno, Djoko; Kusmayadi, Iwan; Nurmayanti, Siti; Mulyono, Lalu Edy Herman; Agustiani, Eka; Abidin, Zainal; Oktaryani, Gusti Ayu Sri
Jurnal Abdimas Sangkabira Vol. 5 No. 2 (2025): Jurnal Abdimas Sangkabira, Juni 2025
Publisher : Program Studi Diploma III Akuntansi Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/abdimassangkabira.v5i2.1599

Abstract

Pengabdian masyarakat ini bertujuan untuk meningkatkan kapasitas usaha mikro, kecil, dan menengah (UMKM) di Sentra Tenun Pringgasela, Lombok Timur, Nusa Tenggara Barat, melalui pengembangan manajemen sumber daya manusia berbasis e-commerce. Pelaku usaha di Sentra Tenun Pringgasela menghadapi berbagai tantangan, seperti minimnya pengetahuan tentang strategi pemasaran, kurangnya pemahaman terhadap penggunaan media sosial sebagai alat promosi, dan rendahnya kreativitas dalam pengembangan produk. Metode pelaksanaan pengabdian kepada masyarakat ini dilakukan  dengan memberikan pelatihan intensif kepada para pelaku usaha di Sentra Tenun Pringgasela melalui pendekatan partisipatif dan berbasis kebutuhan local yang mencakup pengenalan konsumen, branding logo, pemanfaatan teknologi informasi, manajemen rantai pasokan, serta pemasaran strategis berbasis media sosial. Hasil dari pengabdian ini menunjukkan peningkatan pemahaman pelaku usaha terhadap pentingnya strategi pemasaran yang terencana dan berbasis data, serta kemampuan dalam memanfaatkan media sosial untuk mengembangkan usaha pelaku usaha di Sentra Tenun Pringgasela. Dengan implementasi yang tepat, pelaku usaha di Sentra Tenun Pringgasela diharapkan mampu meningkatkan daya saing produk Tenun Pringgasela, memperluas pasar, dan mendukung keberlanjutan usaha tenun tradisional sebagai salah satu warisan budaya Indonesia.