Claim Missing Document
Check
Articles

Found 3 Documents
Search

Market Anomaly Testing: Phenomena of Day of the Week Effect and Month of the Year Effect on IDX80 in Indonesia Stock Exchange Fransiska Shasa Yolanda; Maria Theresia Ernawati; Caecilia Wahyu Estining Rahayu
Journal of Management and Business Environment (JMBE) Vol 4, No 1: July 2022
Publisher : Soegijapranata Catholic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24167/jmbe.v4i1.4664

Abstract

This study aims at determining occurrence of day of the week effect, Monday effect, weekend effect, month of the year effect, and January effect on IDX80 stock trading in the Indonesia Stock Exchange. This is an empirical study on trading time (daily and monthly) and stock returns using comparative method. The population is companies incorporated in the IDX80 index on the Indonesia Stock Exchange. Applying purposive sampling method, the sample was 70 companies consistently listed in the IDX80 index and were actively trading. The data covering daily and monthly stock returns for the period 1 February 2019 - 31 January 2020 were analyzed using Kruskal Wallis and Mann Whitney U Test/Wilcoxon Sum Rank Test. The results show that during the study period, market anomalies occurred in the Indonesian Capital Market were the day of the week effect, Monday effect, and month of the year effect. While market anomalies that haven’t been proven to occur in the Indonesian Capital Market were the weekend effect and the January effect.
The Effect of Financial Performance on Stock Prices: Empirical Evidence from Building Construction Sub-Sector Companies: Article Christina Heti Tri Rahmawati; Sri Hartuti; Maria Theresia Ernawati
Sanskara Akuntansi dan Keuangan Vol. 1 No. 01 (2022): Sanskara Akuntansi dan Keuangan (SAK)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (316.702 KB)

Abstract

The company's financial performance is an assessment of the financial condition of investors when they invest their capital. The purpose of this study is to measure the effect of financial performance using liquidity, profitability and solvency ratios on stock prices of building construction sub-sector companies listed on the Indonesia Stock Exchange for the period 2014-2020 either simultaneously or partially. This study has a population of 18 companies listed in the building construction sub-sector on the IDX. This study uses a sampling technique, namely purposive sampling, where the sampling criteria are in the form of an annual report and have data on stock market prices continuously during the study period. study uses data analysis techniques in the form of multiple linear regression analysis with SPSS Version 25 applicationThe implication of the results of this study for investors should look at the company's solvency ratio before making a stock purchase, so that the greater the solvency ratio can increase the company's stock price.
Analisis Peranan Jaringan Sosial pada Pembentukan dan Pemeliharaan Pengelolaan BUMDes yang Demokratis (Studi Kasus: BUMDes Tunas Mandiri, Desa Nglanggeran, Kecamatan Patuk, Kabupaten Gunung Kidul) L Bambang Harnoto; Prismanto Atmaji; Yuliana Rini Hardanti; Maria Theresia Ernawati
EXERO : Journal of Research in Business and Economics Vol 4, No 2 (2021)
Publisher : Fakultas Ekonomi, Universitas Sanata Dharma Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (545.294 KB) | DOI: 10.24071/exero.v4i2.5044

Abstract

Social networks as the essence of social capital theory have a significant, strategic, and central role in the formation and maintenance of democratic BUMDes governance. This study aims to describe the role of social networks in the formation and maintenance of democratic BUMDes management. This type of research is a case study using descriptive analysis through tables and graphs. The population of this research is all members of BUMDes Tunas Mandiri. The number of samples in this study were 100 respondents. The research sample selection technique used is purposive sampling. Data were collected by using a questionnaire that had been tested for its validity and reliability. The results of this study indicate that social networks supported by a strong local culture have a significant and central role in the formation and maintenance of democratic BUMDes governance. A strong social network will also provide benefits for BUMDes governance that leads to the resolution of financial/economic and managerial issues.