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REAKSI PASAR INDONESIA ATAS PENGUMUMAN PEMINDAHAN IBU KOTA ISRAEL Adfi, Agung Tri; Nurazi, Ridwan; Aisyah, Siti
JURNAL FAIRNESS Vol. 8 No. 2 (2018)
Publisher : UNIB Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (165.409 KB) | DOI: 10.33369/fairness.v8i2.15197

Abstract

The purpose of this study is to analyze the market reactions to the announcement of the capital of Israel movement to Jerusalem on the Indonesia Stock Exchange (IDX). The event study method is used to analyze market reactions and statistical significance to test the difference in abnormal return and trading volume activity between the observation period and the average between two sample groups. The sample was selected using a purposive sampling method which obtained two sample groups, namely companies with controlling shareholders from Europe which were recorded on November and December 2017 and companies that were included in the LQ-45 list in the period of August 2017 to January 2018.Statistical results show that the significant difference in abnormal return between the observation periods is only found in the period between before and during the event in each sample group, for the trading volume activity variable there is no difference between all observation periods in each sample group. The significance of the difference in the average between the two sample groups in the period when an event occurs is only found in the trading volume activity variable.
PENGARUH KUALITAS SISTEM INFORMASI, KUALITAS INFORMASI, PERCEIVED USEFULNESS, TERHADAP KEPUASAN PENGGUNA AKHIR SOFTWARE AKUNTANSI Kurniawati, Diana; Nurazi, Ridwan; Martiah, Lisa
JURNAL FAIRNESS Vol. 3 No. 2 (2013)
Publisher : UNIB Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (347.569 KB) | DOI: 10.33369/fairness.v3i2.15282

Abstract

The objectives of this research was to find the effect of the quality of system information, quality of information and perceived usefulness of accounting software to the satisfaction of the end user. This research was conducted at University of Bengkulu. Data collection with questionnaire that spread out to the respondents by census methodology. Then, the data analyzed using SPSS 16. The analysis that conducted in this research was validity test, reliability, normality, multicoliniearity and heteroscedasticity analysis, to get the data that is valid, reliable, normal,and free from multicolinieraity and heteroscedaticity. The result of analysis showed that for the first hypothetical (H1), the level of significancy the accounting software quality was <0,05 with the standardized beta value 0,370, imply that there is a significant and positive effect of the accounting software quality to the end user. For the second hypothetical (H2), there is total effect value 0,61 with significancy level at <0,05, conclude that there is a significant and positive effect of the accounting software quality to the end user by perceived usefulness. For the third hypothetical (H3), the significancy level of information quality was < 0,05 with the standardized beta value 0,314, imply that there is positive and significant effect of the quality of information to the satisfaction of the end user of accounting software. Finally, for the fourth hypothetical (H4), there is total effect value 0,204 with negative standardized value -0,11 and non significant, conclude that the quality of information have negative effect and not significant at level 0,987 to the satisfaction of the end user of accounting software by perceived usefulness
Comparative Analysis of Financial Performance Before and After the Acquisition of the Acquisiting Company (Case Study of PT. Telkom Indonesia) Sephita, Indira; Nurazi, Ridwan
Formosa Journal of Multidisciplinary Research Vol. 3 No. 2 (2024): February 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v3i2.8159

Abstract

Acquisition is a type of business development strategy. Acquisitions affect the financial success of the company. An organization can determine the results of its operational activities through its financial results, which are presented in numerical figures. Key figures can be used to confirm financial results. This study measures and compares the financial performance from 2015-2018 and 2020-2023 before and after the acquisition of PT Telkom Indonesia (Persero) Tbk. Such research uses descriptive and comparative methods as well as quantitative methodology. Secondary data can be obtained from financial accounting (financial annual report). The current ratio and return on investment before and after the acquisition differed significantly according to the analysis and conclusions. There is no noticeable change in the ratio of debt to balance sheet volume and pre-sales to post-transaction sales.
PENGARUH LITERASI KEUANGAN, INKLUSI KEUANGAN DAN MODAL MINIMAL TERHADAP MINAT INVESTASI GENERASI Z INDONESIA DI PASAR MODAL Agata, Theo Filia; Nurazi, Ridwan
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 8 No 2 (2024): Edisi Mei - Agustus 2024
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v8i2.4243

Abstract

Penelitian ini bertujuan untuk menentukan pengaruh literasi keuangan, inklusi keuangan, dan modal minimal terhadap minat investasi generasi Z Indonesia di pasar modal. Penelitian ini bersifat kuantitatif dengan menggunakan survey dengan 262 responden yang valid, Model Persamaan Struktural (SEM) dalam SmartPLS 4.0 digunakan untuk analisis. Studi ini mengungkapkan bahwa: 1) variabel Literasi keuangan memiliki pengaruh positif signifikan terhadap minat investasi dengan koefisien sebesar 0.179, T-statistik 3.000, dan nilai p sebesar 0.003. 2) Variabel Inklusi keuangan memiliki pengaruh positif signifikan terhadap minat investasi dengan koefisien sebesar 0.278, T-statistik 4.974, dan nilai p sebesar 0.000. 3) variabel Modal minimal memiliki pengaruh paling besar dan signifikan terhadap minat investasi dengan koefisien sebesar 0.501, T-statistik 7.112, dan nilai p sebesar 0.000. Temuan ini mengindikasikan bahwa ketiga variabel tersebut secara positif mempengaruhi minat investasi di kalangan generasi Z, dengan modal minimal sebagai faktor yang paling dominan. Selanjutnya Hasil uji F Penelitian ini memberikan pemahaman yang lebih baik tentang faktor-faktor yang memengaruhi minat investasi generasi Z. Dengan pemahaman ini, pemerintah, lembaga keuangan, dan pendidikan dapat merancang program-program yang lebih efektif untuk meningkatkan literasi keuangan dan inklusi keuangan, serta mengurangi batasan modal minimal untuk investasi. Hal ini bisa mendorong peningkatan investasi dari generasi Z, yang pada gilirannya dapat memberikan dorongan signifikan bagi pertumbuhan ekonomi negara.
Relationship of financial literacy to stock market participation Lakoni, Idham; Nurazi, Ridwan; Aziza, Nurna; Novitasari, Novitasari
Journal of Economics and Business Letters Vol. 3 No. 6 (2023): December 2023
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v3i6.270

Abstract

The research objective aimed to understand and analyze stock market participation among the millennial population in Indonesia. Specifically, this study tested stock market participation against the financial literacy variable. It employed a causality research type with a quantitative analysis approach using path analysis method. The sampling technique was purposive sampling, targeting the millennial and Generation Z populations. The model used was Structural Equation Modeling (SEM) Partial Least Square (PLS) through the Smart PLS software. The research variables included Financial Literacy (LF) with indicators (basic financial knowledge, saving and borrowing, protection, investment) and Stock Market Participation (SMP) with indicators (intention to invest in the stock market, motivational, income, reference to social interaction). The results showed that Financial Literacy significantly affects stock market participation. The final recommendation of this study related to investments in the capital market, especially stocks, is that relevant institutions, particularly the Indonesia Stock Exchange and organizations within it, together with the Financial Services Authority, should continue to provide well-organized education to improve investment understanding among millennials and Generation Z, considering the significant potential of these two generations as technology advances rapidly.
Does Bid/Ask Spread React to the Increase of Internet Search Traffic? Nurazi, Ridwan; Usman, Berto; Kananlua, Paulus S.
International Research Journal of Business Studies Vol. 8 No. 3 (2015): December 2015 - March 2016
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.8.3.181-196

Abstract

This article solely examines the effect of investor attentions on bid-ask spread. We find that investors’ attention surrogated by Internet Search Traffic (IST) contribute positively and significantly toward bid-ask spread (SPREAD). This result indicates that the incoming information directs the market within the stack circumstance and thin trading activity. Here, our samples were obtained from the manufacturing index, in the Indonesia Stock Exchange (IDX) during the period of observation ranging from 2009 to 2011. The hypothesis testing in this research is performed by using panel data regression analysis (Fixed Effect Model). Test result reveals that the search of online information through Google is beneficially one of the efforts to reduce asymmetry information between informed investors and uninformed investors. Besides, we also note that asymmetric information not only exists between the informed and uninformed investors, but also happens to market makers and informed investors. Finally, our findings lead to a conclusion, in which the high search of information tends to help investors in making appropriate investment decisions.