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Respon Investor atas Kebijakan Instrumen Hedging di Pasar Modal Indonesia Razak, Linda A; Haliah, Haliah; Habbe, Abdul Hamid; Usman, Asri
Jurnal Ilmiah Akuntansi Manajemen Vol. 6 No. 1 (2023): April
Publisher : Fakultas Ekonomi, Universitas Muhammadiyah Buton

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35326/jiam.v6i1.3308

Abstract

Penelitian ini menginvestigasi tentang respon investor atas kebijakan hedging di Pasar Modal Indonesia, dengan signaling theory sebagai basis valuasi. Penelitian ini adalah jenis penelitian event study. Populasi penelitian adalah 706 emiten yang terdaftar di Bursa Efek Indonesia pada tahun 2013 hingga tahun 2021 dan Pemilihan sampel menggunakan purposive sampling. Sampel yang terpilih adalah 190 emiten. Hipotesis diuji dengan menggunakan uji beda one sample wilcoxon signed rank test dan regresi. Hasil pengujian menyimpulkan bahwa informasi hedging direspon oleh investor pada saat sebelum dan sesudah informasi tersebut dipublikasikan, hal ini disebabkan karena kebijakan hedging dapat memproteksi perdagangan di luar negeri dan meminimalkan adanya risiko akibat ketidakstabilan kurs, dan ini dianggap suatu sinyal informasi bagi investor dalam menilai efektifitas atas kinerja pengelolaan perusahaan. Hedging memiliki nilai inkremental atau informasi tambahan bagi investor, hal ini mengindikasikan bahwa hedging dianggap sebagai suatu sinyal informasi baru bagi investor mengenai perubahan harga ekuitas, pengembalian ekuitas, volume perdagangan dan juga untuk mengevaluasi kinerja keuangan serta efek dari efektifitas kegiatan perdagangan luar negeri perusahaan sehingga dapat membantu memfasilitasi dalam pengambilan keputusan.
Analysis of Investor Motivation to Buy GOTO and BUKA Shares Mediaty, Mediaty; Habbe, Abdul Hamid; Darwis, Andi Mujahid
Journal of Management Economic and Financial Vol. 2 No. 1 (2024): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i1.27

Abstract

This study aims to determine the motivation of investors to buy shares in Gojek Tokopedia (GOTO) and Bukalapak (BUKA) companies. Investment motivation is a state in a person's personality that encourages the individual's desire to carry out certain activities to invest. In this study, a descriptive type of research is used which is one of the qualitative methods with the aim of the social situation to be studied. The data collection method used in this research is the Documentation technique. This research uses the literature study method, with the research objective of analyzing the motivation of investors to buy BUKA and GOTO shares. The result of this study is that although the profit generated by GOTO from 2022 to 2023 has decreased, GOTO investors continue to increase. This is due to GOTO shares which recently made it into the large cap list in the FTSE Global Asia Pacific series index (effective closing March 17, 2023) and the MSCI index (effective June 1, 2023). that is, GOTO companies have good fundamental movements and liquidity. Investor motivation in Bukalapak is quite high as evidenced by the increase in share price triggered by many investors.
The Effect of News Announcements on the Volatility of Share Prices of PT. Bank Syariah Indonesia Tbk Alamsyah, Muhammad Fajar; Asri, Wenny Nadya; Intani, Fitria; Sofia; Jumadi, Sri Wahyuni; Habbe, Abdul Hamid; Mediaty
AFEBI Economic and Finance Review Vol. 8 No. 1 (2023): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

This study analyzes the effect of news announcement on stock price volatility of PT Bank Syariah Indonesia Tbk (BSI). Using a quantitative approach, historical data of BSI stock prices and relevant news announcements were collected for the study period. Through regression analysis, this study found a significant influence between news announcements and BSI stock price volatility. News announcements containing important information about a company's performance or management changes can lead to significant stock price fluctuations. These results provide insights for investors and market participants in managing risks and making appropriate investment decisions. The practical implication is the importance of paying attention to recent news announcements for risk management. Further studies could involve other factors that affect BSI's share price volatility and look at the long-term impact of news announcements on overall company performance.
The Effect of Local Revenue, General Allocation Fund, and Capital Expenditure Against Financial Performance Putri Ramadhani; Rosmayanti; Alifa, Sarah; Pakulla’, Heriani; Minggu, Ayu Rinathi; Habbe, Abdul Hamid; Mediaty
AFEBI Accounting Review Vol. 8 No. 1 (2023): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

The purpose of this study is to examine and analyze the impact of local revenue distribution and capital expenditure general fund on the financial performance of South Sulawesi provincial government. This study is a quantitative study that uses statistical analysis to test research hypotheses. Using secondary data obtained from the 2019-2021 South Sulawesi Provincial Government Financial Statements the results of this study show that South Sulawesi Real Revenue and Capital Expenditure General Allocation Regional Fund has a positive impact on financial performance. The provincial governments local government financial performance is to use relevant key indicators to evaluate the local governments financial performance so as to help local governments understand their own financial situation and measure the achievements in achieving financial goals and public interests. Keywords: Financial Performance, Local Revenue, General Allocation Fund, and Capital Expenditure.
The Influence of the Independent Board of Commissioners and Corporate Sustainability on Firm Value in Mining on the Indonesia Stock Exchange (IDX) in 2021-2022 Nur'Illiyyien; Fratiwi, Sri Ayu; Tikupasang, Medyoto; Fitriani; Jamaluddin; Habbe, Abdul Hamid; Mediaty
AFEBI Accounting Review Vol. 8 No. 2 (2023): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

Abstract This research aims to examine the effect of the independent board of commissioners and corporate sustainability on firm value. This research uses a causality quantitative approach. The research data is secondary data taken from the IDX data website. The sample used amounted to 15 mining sector companies during the two-year observation period. Purposive sampling is a technique used for data collection. The analysis method used is linear regression analysis with SPSS 23 analysis tool. The results showed that the independent committee and corporate sustainability have a significant influence on firm value. Keywords: Independent Board of Commissioners, Corporate Sustainability, Firm Value
The Effect of Return on Assets, Net Profit Margin, and Debt to Equity Ratio on Stock Returns Mediaty; Habbe, Abdul Hamid; Yunus
Contemporary Journal of Applied Sciences Vol. 1 No. 2 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/cjas.v1i2.7374

Abstract

This study seeks to evaluate the influence of return on assets (ROA), net profit margin (NPM), and debt-to-equity ratio (DER) on the stock returns of manufacturing companies within the consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the period from 2018 to 2021. The investigation encompasses a population of 74 companies within this industry, and employing purposive sampling, a total of 8 companies were chosen as the sample. The research employs a quantitative analysis, specifically adopting an associative research approach. The findings reveal that both ROA and NPM exert a significant individual impact on stock returns, whereas the DER variable does not exhibit a statistically significant influence. Moreover, when considered collectively, the three variables (ROA, NPM, DER) demonstrate a substantial combined effect on stock returns.
Analysis of the Effect of Intelligent Quotient (IQ),Emotional Quotient (EQ), and Spiritual Quotient (SQ) on Accountability of Private University With Performance as Intervening Variable Mediaty; Afandi; Habbe, Abdul Hamid
Contemporary Journal of Applied Sciences Vol. 1 No. 2 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/cjas.v1i2.7385

Abstract

The aim of this study is to examine how intelligent quotient, emotional quotient, and spiritual quotient influence performance and accountability within private universities. The research centers on five private universities located in Makassar city, utilizing questionnaire distribution as the primary data collection method. The analysis employed for data interpretation involves quantitative methods, specifically multiple linear regression analysis and path analysis. The findings of the study reveal the following results: (1) Intelligent quotient positively influences performance in private universities; (2) Emotional quotient does not significantly affect performance in private universities; (3) Spiritual quotient positively influences performance in private universities; (4) Intelligent quotient positively affects accountability in private universities; (5) Emotional quotient positively affects accountability in private universities; (6) Accountability in private universities is positively influenced by spiritual quotient. (7) Intelligent quotient, emotional quotient, and spiritual quotient jointly contribute to a positive impact on accountability through performance in private universities.
Systematic Literature Review of Market Efficiency in Emerging Markets M, Yuliana; Maknun, Andi Batari Annisa; Habbe, Abdul Hamid; Nagu, Nadhirah
Jurnal Multidisiplin Madani Vol. 4 No. 7 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i7.10131

Abstract

This research examines market efficiency in emerging markets through a systematic literature review. Market efficiency, in the context of finance theory, is a condition in which asset prices fully reflect all available information. In emerging markets, achieving efficiency is often constrained by a number of factors. This research finds that emerging markets are generally only able to achieve weak-form efficiency, where prices reflect historical information but fail to fully reflect public or private information quickly and accurately. Limitations in transparency, weak regulation, and insider trading practices hinder the achievement of semi-strong and strong form efficiency. In addition, market anomalies such as price deviations from fundamental values are often found, caused by unstable and asymmetric information distribution
Effect of Working Capital Turnover and Turnover Receivables on Company Profitability Food and Beverage Sector Manufacturing Registered on the Indonesia Stock Exchange Mediaty, Mediaty; Rachmatullah, Muhammad; Habbe, Abdul Hamid
Indonesian Journal of Interdisciplinary Research in Science and Technology Vol. 1 No. 11 (2023): Desember 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/marcopolo.v1i11.7277

Abstract

This study aims to accomplish three primary objectives: firstly, to assess the impact of partial working capital turnover on profitability; secondly, to examine the influence of partial loan turnover on profitability; and thirdly, to investigate the combined effect of working capital turnover and loan turnover on profitability. The variables under scrutiny include profitability, denoted as the dependent variable (Y), measured through return on assets, and independent variables (X) comprising working capital turnover and receivables turnover. The research is conducted on the population of all manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange, with a sample of 17 companies selected over a 3-year period using a saturated sampling technique. Data collection involves the utilization of documentation techniques. Analysis entails classic assumption testing, multiple linear regression analysis, coefficient of determination testing, t-tests, and F-tests, facilitated by SPSS software. The findings indicate that, overall, working capital turnover and receivables turnover do not collectively exert a significant impact on profitability. Additionally, the study reveals that partial working capital turnover, when examined in isolation, and partial receivables turnover do not individually exhibit a significant effect on profitability.
Effect of Transfer Pricing, Profitability, and Leverage on Tax Avoidance Mediaty, Mediaty; Habbe, Abdul Hamid; Awaluddin, Muhammad Rafly
Advances In Social Humanities Research Vol. 2 No. 2 (2024): Advances in Social Humanities Research
Publisher : Sahabat Publikasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/adv.v2i2.144

Abstract

The purpose of this study is to improve the learning outcomes of students in mathematics subjects on the material of building curved side space through the Jigzaw cooperative learning model in grade IX SMP Negeri 3 Kesugihan Cilacap Regency. One of the efforts to improve learning outcomes is through the learning process using the Jigzaw cooperative learning model. The method used is the Kemmis and Mc Taggart model Classroom Action Research methods which consist of two cycles. This research was conducted from September 2020 to October 2020 in class IX-A SMP Negeri 3 Kesugihn Kab. Cilacap. The indicators of learning outcomes achieved in siculus I are the completeness of student learning reaching 71.8% with an average value of 71.8 and in cycle II the completeness of student learning reaches 100% with an average value of 96.61. This is supported by the average value of student activity which always increases in each cycle, namely in cycle I it reaches 71.8% and cycle II reaches 100%. Thus, it can be concluded that Jigzaw's cooperative learning model can improve student learning outcomes on the material to build curved side spaces