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The Influence of Dividend Policy and Net Profit Margin on Stock Prices in Pharmaceutical Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) Nurhaya Yusuf; A Ratna Sari Dewi
Jurnal Economic Resource Vol. 5 No. 2 (2022): September-April
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v5i2.321

Abstract

This study aims to determine the effect of the dividend policy on stock prices of pharmaceutical sub-sector manufacturing companies on the Indonesia Stock Exchange; to determine the effect of NPM on stock prices of pharmaceutical sub-sector manufacturing companies on the Indonesia Stock Exchange, and to determine the effect of both the dividend policy and NPM together on stock prices of pharmaceutical sub-sector manufacturing companies on the Indonesia Stock Exchange. The population in this study are pharmaceutical companies that carry out dividend policies and net profit margins for the 2016-2020 period by selecting samples using the purposive sampling method so that a sample of five pharmaceutical companies is taken. This research uses the literature study and documentation method. The results showed that the dividend policy (DPR) had a positive and significant effect on the stock prices of pharmaceutical companies listed on the Indonesia Stock Exchange, while net profit margin (NPM) had no positive and significant effect on the stock prices of pharmaceutical companies listed on the Indonesia Stock Exchange, and the dividend policy (DPR) and net profit margin (NPM) simultaneously had a significant effect on the stock prices of pharmaceutical companies listed on the Indonesia Stock Exchange.
Single Index Model in Optimal Portfolio Formation On Stock Index LQ 45 Maryam Nadir Maryam; A Ratna Sari Dewi
Jurnal Economic Resource Vol. 5 No. 2 (2022): September-April
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v5i2.350

Abstract

The purpose of this study is to analyze the formation of an optimal stock portfolio and provide the expected rate of return and minimum portfolio risk. This type of research is descriptive with a quantitative approach. The data used in this study is secondary data, consisting of closing prices, market index (LQ45 index), seven-day repo rate, beta and alpha for the periods June 2019-June 2020 and June 2020-June 2021. The data analysis method uses Microsoft Excel program to calculate LQ45 stock index in optimal portfolio formation. The results of the study show that there are seven stocks that perform well and form an optimal portfolio, which can be sorted by stock performance, namely: MIKA (44%); JPFA (24%); ITMG (12%); INKP (11%); INDF (6%); PGAS (1%), and PTPP (2%). which produces an expected portfolio return of 13.00% and a portfolio risk level of 19.22%. Of the ten sample companies used in the study, there were three issuers that were not optimal, namely:INTP;MNCN;and PTBA, due to the value of ERB C.