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Pengaruh ukuran perusahaan, bid ask spread, dan volume perdagangan terhadap price reversal Sianipar, Flora; Riswan, Riswan; Widiastuti, Ekaningtyas
Performance Vol 24 No 1 (2017): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Purpose: “The Influence of Firm Size, Bid Ask Spread, and Trading Volume on Price Reversal” is a research that aims to analyze the factors that affect price reversal on companies listed in LQ45 Index in period of November 8 - November 16, 2016. Methodology: This research is an associative study to determine the relationship or influence between two or more variables. The population used in this study was all companies listed in the Indonesia Stock Exchange during the study period. The method of collecting data used purposive sampling. Data obtained from purposive sampling method was 44 companies. Analysis method used in this research was multiple linear regression. Testing the hypothesis used the adjusted coefficient of determination, t-statistic test, and f-statistic test. Findings: The result of this research shows that firm size has positive and significant effect to price reversal, bid ask spread has positive and significant effect to price reversal, and trading volume has positive and significant impact to price reversal. Implications: The implications of the above conclusions are that investors can pay attention to the factor of firm size, bid ask spread, and trading volume as a basic for consideration to trade on the exchange to get the best return in accordance with the compensation of the risk that they received. Keywords: firm size, bid ask spread, trading volume, price reversal.

ANALISIS KELAYAKAN INVESTASI DALAM RANGKA EKSPANSI (STUDI KASUS PADA PDAM TIRTA SATRIA KABUPATEN BANYUMAS) Nofiyanti, Nofa; Sunarko, Bambang; Widiastuti, Ekaningtyas
Performance Vol 23 No 1 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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This research study is a case study conducted in PDAM Tirta Satria Kabupaten Banyumas. This research entitled “Invesment Feasibility Analysis in the Context Ex-pansion (Case Study of PDAM Tirta Satria Kabupaten Banyumas)”. The objective of this research study is to determine the expansion in fixed assets that will conducted by PDAM Tirta Satria Kabupaten Banyumas feasible in the term of Internal Rate of Return (IRR) and Payback Period methods. Population and sample in this research is PDAM Tirta Satria Kabupaten Banyumas, using boring sampling as a sampling method.The result of the research showed: the investment in order to expand the addition of fixed assets that will be run by PDAM Tirta Satria Kabupaten Banyumas feasible by considering the results of the analysis Internal Rate of Return method of 21% which greater than the cost of capital that has been determined of 10% (IRR>k) and Payback Period method, the investment will show a time for 4 years and 8 months 26 days to capital return on investment so that investment is feasible.

KOMPETENSI SDM DAN PENGARUHNYA TERHADAP KINERJA UMKM BATIK DI KABUPATEN BANYUMAS Sulistyandari, Sulistyandari; Widiastuti, Ekaningtyas; Martini, Sri
Performance Vol 23 No 2 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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The role of SMEs in Indonesia in supporting the economy in Indonesia is quite significant. In the post-1997 crisis in Indonesia, SMEs can prove that this sector could become the foundation for the national economy. Number of SMEs also continued to increase from year to year. SMEs in developing countries is almost always the biggest economic activity in number and ability to absorb labor. Development of SMEs as one of supporting economic growth must be accompanied by the development of human resources in various aspects. HR competency development of SMEs important in order to create a quality workforce to reach corporate goals. The current study focused on SMEs Batik in Banyumas, was to examine the impact of human resource competencies (Knowledge, Skills and Abilities) on company’s performance in SME Batik Banyumas. Research conducted on 65 respondents in Banyumas showed that HR competencies affect the performance of SMEs. Skills have significant effect on the performance of SMEs. However, knowledge and abilities does not effect the performance of SMEs. The owners of SMEs Batik should pay attention to the importance of human resource competencies to improve their performance. It is also important to improve their skills through training and workshops related to batik. Owners of batik needs to involve employees in their knowledge and skills in the production process of batik that can help increase employee and company performance in the future.

SHORT CONTRARIAN INVESTMENT STRATEGY : PENGUJIAN WINNER-LOSER ANOMALY PADA SAHAM-SAHAM DI BURSA EFEK INDONESIA Widiastuti, Ekaningtyas; Jaryono, Jaryono
Performance Vol 14 No 2 (2011): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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This research is aimed to examine the winner-loser anomaly based on the overreaction hypothesis that can be decided whether the contrarian investment strategy in the short term can be applied in Indonesia Stock Exchange to obtain the return. The overreaction hypothesis is a manifestation of the inefficiency of the market (De Bondt and Thaler, 1985). Research on Short Contrarian Investment Strategy used a sample of 23 shares in the company's property and real estate sectors. The data used is stock price during the period of 2004-2008. Results obtained by using market-adjusted abnormal return indicates that the average six-month test period only loser in the stock portfolio return reversal happens. This research also examines the possibility of other factors that could explain the market overreaction return reversal, namely size and risk control. Results obtained using regression Zero Cost Investment Portfolio with the method of size and risk adjusted returns indicates that average during the six month test period showed that the loser stocks can not provide a return that is higher than the winner stocks. Thus the research indicates only loser anomaly, this is caused by an overreaction to the bad news. So it can be said that there is no potential for profit if the short-term contrarian strategy applied to the property and real estate sectors in BEI.  

SHORT CONTRARIAN INVESTMENT STRATEGY : PENGUJIAN WINNER-LOSER ANOMALY PADA SAHAM-SAHAM DI BURSA EFEK INDONESIA Ekaningtyas Widiastuti; Jaryono Jaryono
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 14 No 2 (2011): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (233.852 KB)

This research is aimed to examine the winner-loser anomaly based on the overreaction hypothesis that can be decided whether the contrarian investment strategy in the short term can be applied in Indonesia Stock Exchange to obtain the return. The overreaction hypothesis is a manifestation of the inefficiency of the market (De Bondt and Thaler, 1985). Research on Short Contrarian Investment Strategy used a sample of 23 shares in the company's property and real estate sectors. The data used is stock price during the period of 2004-2008. Results obtained by using market-adjusted abnormal return indicates that the average six-month test period only loser in the stock portfolio return reversal happens. This research also examines the possibility of other factors that could explain the market overreaction return reversal, namely size and risk control. Results obtained using regression Zero Cost Investment Portfolio with the method of size and risk adjusted returns indicates that average during the six month test period showed that the loser stocks can not provide a return that is higher than the winner stocks. Thus the research indicates only loser anomaly, this is caused by an overreaction to the bad news. So it can be said that there is no potential for profit if the short-term contrarian strategy applied to the property and real estate sectors in BEI.

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