Dimas Sumitra Danisworo
Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia

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Stock Return of Companies on the Indonesia Stock Exchange: A Comparative Study Before and After a Stock Split Senja Rosmaida Maretha Manik; Dimas Sumitra Danisworo; Ade Ali Nurdin; Benny Barnas
Indonesian Journal of Economics and Management Vol 3 No 2 (2023): Indonesian Journal of Economics and Management (March 2023)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v3i2.3798

Abstract

A stock split is one of the corporate actions that the company can take to reduce the nominal value of the share price. A stock split is done by increasing the number of outstanding shares to encourage more share trading. This study aims to test whether there is a significant change in the performance of stock returns before and after the stock split operation. This study will use a quantitative research methodology, and the sampling strategy will be purposive sampling. These two things will go hand in hand. The data type used is secondary data, which is the daily closing price of shares. These prices are then processed so that the stock returns can be calculated. The length of time for the study was 20 days, starting ten days before the stock split activity and ending ten days after the stock split activity. This is done according to the stock split date. Because the normality test results showed that the returns obtained before and after the stock split are not normally distributed, the Wilcoxon marked rating test applied in SPSS version 25 will be used to test the hypothesis regarding the distribution of returns before and after the stock split. Hypothesis testing resulted in the conclusion that there is a substantial difference between return and stock split. This conclusion was reached based on the test findings.
Analisis Pengaruh Faktor Internal dan Faktor Eksternal terhadap Kinerja Reksa Dana Pendapatan Tetap Syariah Ikhsan Maulana Rizki; Dimas Sumitra Danisworo; Tjetjep Djuwarsa; Hasbi Assidiki Mauluddi
Journal of Applied Islamic Economics and Finance Vol 3 No 2 (2023): Journal of Applied Islamic Economics and Finance (February 2023)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jaief.v3i2.3758

Abstract

Sharia fixed income mutual funds are the topic raised by the author because they are mutual funds with the lure of stable returns to investors. Fixed-income mutual funds are one of the biggest contributors to returns to investors,but decreased in 2020. Based on this phenomenon, this final project aims to find out what can affect the performance of Islamic fixed income mutual funds. There are five variables that can be taken based on previous research and classified into internal factors (Mutual fund age, Mutual fund size) and external factors (Inflation, Rupiah exchange rate, and interest rates) to then be tested for their effect on the performance of Islamic fixed income mutual funds as affected variable. The performance of Islamic fixed income mutual funds is measured using the Sharpe method. The sample used in this study were 10 investment manager companies that issued sharia fixed income mutual fund products in the 2016-2020 period and were selected through the Purposive Sampling Technique. The research method used is quantitative-descriptive with a path analysis model. This research is expected to provide information for readers related to sharia fixed income fund