Muhamad Syaichu
Departemen Manajemen Fakultas Ekonomika dan Bisnis Universitas Diponegoro

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PENGARUH ASIMETRI INFORMASI TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN YANG TERDAFTAR DALAM JAKARTA ISLAMIC INDEX (JII) TAHUN 2014-2018 Wahyu Irawan; Muhamad Syaichu
Diponegoro Journal of Management Volume 11, Nomor 6, Tahun 2022
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to determine the effect of information asymmetry on dividend policy in the Jakarta Islamic Index (JII). This research uses bid-ask spread, firm size, earnings forecast error, growth opportunity and insider ownership as independent variables and divided payout ratio as dependent variable. The number of samples in this study amounted to 8 companies which were determined using purposive sampling method. This study uses secondary data from the financial statements of companies listed in the Jakarta Islamic Index (JII) in 2014-2018. The research analysis technique used is multiple linear regression analysis, where previously the classical assumption test was carried out which included normality test, multicollinearity test, autocorrelation test and heteroscedasticity test. The results showed that the firm size variable had a significant positive effect on the dividend payout ratio and earnings forecast error had a significant negative effect on the dividend payout ratio, while the bid-ask spread had an insignificant positive effect on the dividend payout ratio, growth opportunity and insider ownership had an insignificant negative effect on dividend payout ratio
ANALISIS PENGARUH PRICE EARNINGS RATIO (PER), NON PERFORMING LOAN (NPL), BANK SIZE, DEBT TO EQUITY RATIO (DER), KEPEMILIKAN INSTITUSIONAL TERHADAP KEPERCAYAAN INVESTOR (STUDI KASUS PADA PERBANKAN KONVENSIONAL YANG TERDAFTAR DI BEI PERIODE 2016 2020) Ichsan Arya Nugraha; Muhamad Syaichu
Diponegoro Journal of Management Volume 11, Nomor 5, Tahun 2022
Publisher : Faculty of Economics and Business Diponegoro University

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This study aims to examine the effect of Price Earning Ratio (PER), Non Performing Loan (NPL), Bank Size, Debt Equity Ratio (DER) and Ownership Institutional to Investors Trust in Banking Companies Conventional listed on the Indonesia Stock Exchange. Investor Confidence measured by using Market Capitalization (MC). The Independent Variable used in this study is the Price Earning Ratio (PER), Non- Performing Loan (NPL), Bank Size, Debt Equity Ratio (DER) and Ownership Institutional. The sample used in this study is a banking company Conventional listed on the Indonesia Stock Exchange (IDX) for a period of 2016-2020. The number of samples as many as 7 companies taken by the method target sample. The analytical method used is panel data regression with Moderate Regression Analysis (MRA) with the Eviews:10 program which previously passed the classical assumption test. Fix effect was chosen as the best model. The results of the study show that the Price Earning Ratio (PER) has an effect no significant positive on Investor Confidence. Non-performing Loans (NPL) no significant positive effect on Investor Confidence. Bank Size significant positive effect on Investor Confidence. Debt Equity The ratio (DER) has significant positive effect on Investor Confidence. While Institutional Ownership has no significant negative effect to Investor Confidence.
ANALISIS PENGARUH RISIKO BANK DAN PUBLIC LISTING TERHADAP PROFITABILITAS BANK UMUM SYARIAH Indah Jati Utami; Muhamad Syaichu
Diponegoro Journal of Management Volume 11, Nomor 6, Tahun 2022
Publisher : Faculty of Economics and Business Diponegoro University

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This study aims to analyze the effect of Financing Risk, Insolvency Risk, Operational Risk, Liquidity Risk, and Public Listing on the profitability of Islamic banks in Indonesia. This study uses a census technique in sampling, where the entire population is used as a sample. This technique was chosen in the hope of providing the characteristics of each element in the population so that it can provide a true picture of Islamic banking in Indonesia. The data is obtained from the reports for the first quarter of 2021 – the first quarter of 2022 on 12 Islamic Commercial Banks (ICB) registered with the Otoritas Jasa Keuangan (OJK). The data analysis method used is multiple linear regression. The results of the analysis that have been carried out can be done partially, the variables of Financing Risk, Insolvency Risk, Operational Risk, have a significant negative effect on Profitability (ROA), while the Liquidity Risk variable has a significant positive effect on Profitability (ROA), the Listing variable has no significant positive effect on Profitability (ROA). The amount of ability to explain the dependent variable given by the independent variable is 58%
PENGARUH RETURN ON ASSET, RISIKO SISTEMATIK, VOLUME PERDAGANGAN SAHAM, BID-ASK SPREAD, DAN VOLATILITAS SAHAM TERHADAP RETURN SAHAM (Studi Kasus Pada Perusahaan Jakarta Islamic Index Tahun 2015-2020) Cindy Oginia Bertischa Putri; Muhamad Syaichu
Diponegoro Journal of Management Volume 12, Nomor 1, Tahun 2023
Publisher : Faculty of Economics and Business Diponegoro University

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ABSTRACT One of the instruments in the capital market that until now is most in demand by investors is the stock instrument. Stocks provide attractive benefits for investors in the form of capital gains. One of the motivating factors for an investor to make an investment is the stock return value obtained. This study aims to determine the effect of return on assets (ROA), systematic risk, stock trading volume, bid-ask spread, and stock volatility on stock returns. In this study, a purposive sampling technique was used to take samples of companies with criteria including companies listed on the Jakarta Islamic Index (JII) in the 2015-2020 period, there were data from financial reports from the variables in this study, namely return data. on assets (ROA), systematic risk, stock trading volume, bid-ask spread, stock volatility, and stock returns during the research observation period. Based on the results of the analysis that has been done, it can be concluded that partially systematic risk variables, stock trading volume, bid-ask spread have a positive and significant effect on stock returns. While the research results are different from the variable return on assets (ROA) which has a positive and insignificant effect on stock returns, while the results of stock volatility have a negative and insignificant effect on stock returns. Simultaneously return on assets (ROA), systematic risk, stock trading volume, bid-ask spread, and stock volatility have a significant influence on stock returns with a significance value of 0.000. The magnitude of the ability to explain the dependent variable given by the five independent variables is 44.8%