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Analisis Korelasi dan Kointegrasi Indeks Pasar Saham Utama Dunia dan IDX Tahun 2013 - 2019 Pristina Hermastuti Setianingrum; Doddi Prastuti
Jurnal Manajemen Vol 19 No 1 (2022)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STEI) Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36406/jam.v19i01.531

Abstract

The Indonesia Stock Exchange (IDX) is one of the fastest growing capital markets. The relatively large proportion of foreign investment in the IDX is expected to cause a high frequency of inflows and outflows of funds from the IDX. There is a possibility that the inflows and outflows of the IDX will move to the stock exchanges of other countries which provide better profit opportunities. This study is to find out how big the correlation and cointegration of the world's major stock market indices, namely the European stock market represented by the London stock market (FTSE-100), the American stock market represented by the New York stock market (DJI), the Asian stock market represented by stock market in Singapore (STI) and Hong Kong (HKEX) against the composite stock price index on the Indonesia Stock Exchange (IDX). The conclusions obtained are (i) there is a positive (weak to moderate) and significant correlation between FTSE-100 with IDX, DJI with IDX, STI with IDX and HKEX with IDX, (ii) there is cointegration between FTSE-100 with IDX, DJI with IDX , STI with IDX and HKEX with IDX. Cointegration between the IDX composite stock price index and the stock market index in four other countries minimizes the possibility for investors to gain arbitrage profits by investing in foreign exchanges. (iii) FTSE-100, DJI, STI, HKEX and IDX do not have a unit root test, this means that the data in period t-1 does not affect the data in period t. This also means that the stock market in this study is a random walk.
The Effect of Foreign Exchange Rate, Inflation Rate and Market Return on Return of Bank Perseros’ Stock Doddi Prastuti; Pristina Hermastuti Setianingrum
Indonesian Journal of Business, Accounting and Management (IJBAM) Vol 1 No 01 (2018): [IJBAM] Indonesian Journal of Business, Accounting and Management Vol. 01 No. 01
Publisher : BPJP - STEI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (456.07 KB) | DOI: 10.36406/ijbam.v1i1.221

Abstract

Stock return is affected by many factors, among others are: macro economics environments, political condition, fundamental corporate performance, financial market condition, etc. The purpose of this study is to determine the effect of foreign exchange rate, inflation rate and market return on bank perseros’ stock (government owned banks). We take the case of bank perseros’ because those banks are among the biggest banks in Indonesia in terms of capital. Our observation period starts from January 2010 to September 2014. This period of observation is chosen because it was after the crisis of 2008 and therefore during the time the effect of the crisis on Indonesia’s financial market was mild. Due to the IPO of Bank Tabungan Negara was in the late year of 2009, therefore our period of research run from January 2010 until September 2014.Our justification to use the foreign exchange rate, inflation rate and market return as independent variable is because the foreign exchange rate, inflation rate are considered to be macro economics variable, and market return is financial market variable. The data used in this study is monthly secondary data of stock price data of bank perseros’, the foreign exchange rate, inflation rate and market return. In this study, the independent variables used are the foreign exchange rate (X1), inflation rate (X2) and market return (X3), while the dependent variable used is return of bank perseros’ stock (Y). Result of study shows that the regression function is: Y = - 0.036 + 0.0000033 X1 + 0.046 X2 + 1.531 X3. The test of hypothesis in this study shows that simultaneously the foreign exchange rate (X1), inflation rate (X2) and market return (X3) have significant effect on return of bank perseros’ stock (Y). This is shown by sig. F = 0.000 < 5% (α). Partially the effect of foreign exchange rate and inflation rate on return of bank perseros’ stock are not significant, these are shown by p-value of X1 = 0.468 and p-value of X2 = 0.89 which are greater than α of 5%. Whereas the market return has significant partial effect on return of bank perseros’ stock, the p-value is 0.000. The effect of independent variable on return stock simultaneously is 53.1%. Whereas partial effect of each X1, X2 and X3 is 0.24%, 0.0081% and 52.27% The conclusion of the study is: macro economics and financial markets simultaneously have effect on return of bank perseros’ stock. However the financial market variable has much greater effect compare to the other variables.
The Analysis of Optimal Portfolio Using Single Index Model, The Case of Stocks Listed In Jakarta Islamic Index 2010-2013 Doddi Prastuti; Erti Septina
Indonesian Journal of Business, Accounting and Management (IJBAM) Vol 1 No 01 (2018): [IJBAM] Indonesian Journal of Business, Accounting and Management Vol. 01 No. 01
Publisher : BPJP - STEI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (638.641 KB) | DOI: 10.36406/ijbam.v1i1.222

Abstract

The purpose of this study is to apply the single index model in order to make an optimal portfolio for stocks listed in Jakarta Islamic Index (JII). The model is used in order to analyze what stocks to be chosen as components of a portfolio stock and how much proportion to be invested in each stock. This research use stocks that are listed in Jakarta Islamic Index. The reason for choosing stocks listed in JII is because many Indonesians, mostly Muslims, still not familiar with the stock that is accordance with the requirement of Sharia. The data use in this study is secondary data, among others: quarterly stock price data during period of 2010-2013, composite index, interest rate. Sample in this study are 28 companies’ stocks listed in the Jakarta Islamic Index, two companies’ stock did not meet the criteria of the sample because the companies start listed in the index in 2012. Data analysis methods use in this study are: stocks’ return and expected return, stocks’ risk, market’s return and risk, beta and alpha, variance of residual error, rate of excess return to beta, determine the cut off rate, proportion of fund invested in optimal portfolio, and risk of optimal portfolio. Result of this study showed that there are 10 stocks that meet the criteria of optimal portfolio formation. Those stocks and their proportion are: 24,852% stock of JMSR, 16,587% stock of ASRI, 14,721% stock of INDF, 15,398% stock of AKRA, 11,835% stock of LPKR, 5,684% EXCL, 5,184% MAPI, 3,143% CPIN, 1,511% SMGR and 1,086% stock of KLBF. Based on the calculation, the portfolio’s expected return is 10,33% and the risk is 2,74%.
Workshop Project Based Learning: Cara Memulai Usaha yang Cerdas Diah Pranitasari; Doddi Prastuti; Pristina Hermastuti; Kus Tri Andyarini; Enung Siti Saodah; Kus Tri Dianavera
PROGRESIF: Jurnal Pengabdian Komunitas Pendidikan Vol 2 No 1 (2022)
Publisher : Bagian Pengelolaan Jurnal dan Penerbitan - Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta (BPJP - STEI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (606.141 KB) | DOI: 10.36406/progresif.v2i1.491

Abstract

Sekolah Menengah Kejuruan (SMK) aims to produce graduates who are ready to enter independent employment as entrepreneurs. With the average age of students still in a productive period to receive science and technology, including entrepreneurship, SMK is very important in preparing graduates who are ready to enter into entrepreneurship. For this reason, entrepreneurial characteristics in vocational schools need to be conditioned either through intracurricular, co-curricular and extracurricular activities. To fulfill the above, the Community Service Team conducted a workshop in the form of a webinar to students of SMK Paramitha Jakarta, with the aim of providing explanations and directions to students about the positive benefits of starting a business at a young age, providing explanations and directions for students to be able to start a business. intelligently and appropriately, and directing students so that they can market their business results appropriately. Through this activity, students are expected to be able to understand the positive benefits of starting a business at a young age. In addition, students are also expected to be able to start a business smartly and appropriately and have the ability to market their business results appropriately.
Kepemilikan Institusional dan Valuasi Saham Perbankan Iman Sofian Suriawinata; Pristina Hermastuti; Doddi Prastuti
Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking) Vol. 9 No. 1 (2023): Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and B
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35384/jemp.v9i1.378

Abstract

Dengan menggunakan data panel dari perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2016-2020, penelitian ini menguji dampak struktur kepemilikan terhadap nilai saham perbankan. Meskipun penelitian ini menemukan bukti dukungan terhadap hipotesis pengendalian dari kepemilikan institusional, hasil penelitian ini juga memperlihatkan bahwa kepemilikan institutional memoderasi secara negatif pengaruh aset kredit terhadap nilai saham perbankan. Pengaruh moderasi yang negatif ini mengindikasikan bahwa kepemilikan institusional juga memberikan efek samping berupa potensi timbulnya perilaku oportunistik di dalam mengambil keuntungan dari aset kredit yang dinegosiasikan secara privat. Temuan terakhir ini memberikan informasi penting bagi para perumus kebijakan sehubungan dengan implikasi kepemilikan institusional terhadap tata kelola perusahaan perbankan.
PROGRAM PENDAMPINGAN PEMBERDAYAAN KELOMPOK DASAWISMA DALAM MENINGKATKAN PENDAPATAN RUMAH TANGGA MELALUI PENGOLAHAN LIMBAH ORGANIK RUMAH TANGGA: PENGOLAHAN SAMPAH ORGANIK MENJADI ECO-ENZYM Diah Pranitasari; Doddi Prastuti; Pristina Hermastuti S; Kus Tri Andyarini; Enung Siti Saodah; Iman Sofian Suriawinata
Jurnal Abdimas Bina Bangsa Vol. 4 No. 2 (2023): Jurnal Abdimas Bina Bangsa
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46306/jabb.v4i2.735

Abstract

The Community Service Program is conducted continuously for 5 years. It is a continuation of a previously implemented Community Service Program and represents the second year of the program. In the first year, training was provided on the processing of household organic waste into planting media. This second-year Community Service Program aims to empower Dasawisma groups in increasing household income through the conversion of household organic waste into eco-enzymes. Eco-enzymes are often referred to as a versatile liquid because they can be used in households, agriculture, livestock, and industry. Each activity is accompanied by a mentoring program to ensure the successful implementation and provide guidance throughout. The short-term outcome of this community service activity is that Dasawisma groups in the Ciracas sub-district of East Jakarta are capable of processing organic waste into eco-enzymes. In the long term, it is hoped that Dasawisma groups in the Ciracas sub-district of East Jakarta will be able to utilize the results of organic waste processing to enhance their supplementary income