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Analisis Komparasi Metode CAPM dan APT dalam Memprediksi Return Saham LQ45 2019-2021 Hartono, Pierdijono; Nugraha, Nugraha; Heryana, Toni; Medidjati, R. Adam
Image : Jurnal Riset Manajemen Vol 11, No 2 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.020

Abstract

The investment climate is developing rapidly in Indonesia, many people are interested in investing, and the capital market is a common and legal place to invest. In investing, stocks are one of the long-term financial instruments traded on the capital market. The goal of investors in stock investment is to obtain the maximum stock return with a certain risk. Financial experts have developed two approaches to predict return on investment based on risk and use certain macroeconomic variables, the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). This study aims to determine the best model between the CAPM and APT in determining the expected return on shares of companies that are members of the IDX LQ45 for the period 2019-2021. Data is processed using Unbalance Data Panel Analysis with the Eviews application. The results of data processing show that the CAPM method is more precise or accurate than the APT method.
Peningkatan Minat Membeli Ulang Produk Bancassurance melalui Customer Engagement Hartono, Pierdijono; Hurriyati, Ratih; Medidjati, R. Adam
Image : Jurnal Riset Manajemen Vol 11, No 1 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.006

Abstract

The current sales of bancassurance have become a profitable business for both banks and insurance companies. To increase bancassurance sales, there is a need for sales to new customers who do not yet have insurance and for sales to customers who already have insurance to repurchase. The aim of this study is to investigate the influence of consumer perception, customer satisfaction, and service quality on the repurchase intention of bancassurance products through customer engagement. The sample was selected using the Consecutive Sampling technique, with a total of 353 respondents processed in Jakarta and Bandung. The data were analyzed using Multiple Linear Regression Analysis and Path Analysis through the SPSS application. The results of the study indicate that the variables of Consumer Perception, Customer Satisfaction, and Service Quality have a significant influence, both partially and simultaneously, on the Repurchase Intention of Bancassurance products through Customer Engagement as an intervening variable.
Keragaman Gender di Dewan Komisaris dan Risiko Perusahaan: Perspektif Teori Agensi Perilaku Medidjati, R Adam; Nugraha, Nugraha; Heryana, Toni; Hartono, Pierdijono
Image : Jurnal Riset Manajemen Vol 11, No 2 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.014

Abstract

The purpose of this study is to verify the influence of gender diversity in the Board of Commissioners on the financial risks of the company from the perspective of behavioral agency theory, where the presence of gender diversity in the board of commissioners can improve the ability of the board of commissioners to manage company risks. However, there is also the possibility that gender diversity on the board of commissioners may increase the company's risk. This can happen if there is a conflict between members of the board of commissioners of different genders, thereby disrupting the smooth decision-making process. The company's financial risk indicators measured in this study are Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR). This research study was conducted on companies incorporated in LQ45 with a research period from 2015 to 2020 as many as 51 companies. This study was conducted using secondary data and the data was processed using unbalanced panel data regression with the help of the EVIEWS 12 application. The results of this study show that gender diversity in the Board of Commissioners has a significant effect on DAR where an increase in the composition of the number of men will reduce DAR by -0.53 this means that gender diversity will increase the company's risk in DAR indicators. But on the contrary, this gender diversity does not have a significant effect on DER.
The Evolution of the Black-Scholes Model: A Bibliometric Analysis Medidjati, Adam; Utama, Wahyudayanto; Heryana, Toni; Hartono, Pierdijono
Journal of Accounting Research, Organization and Economics Vol 7, No 3 (2024): JAROE Vol. 7 No. 3 December 2024
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jaroe.v7i3.37925

Abstract

Objective To investigate the development of the Black-Scholes Model in financial research, identify its key contributors, and map its thematic evolution through a bibliometric analysis.Methodology This study employs bibliometric analysis, a research method that uses bibliographic data to analyze trends, patterns, and the impact of scholarly works in the financial research area. The data was extracted from the Scopus database, processed, and visualized using Microsoft Excel, R-Packages software, and the Biblioshiny Web Interface. The data extraction process was conducted on December 25, 2023, identifying 941 relevant documents, with 719 documents determined to be eligible for the analysis.Results The analysis reveals significant evolution in academic interest in the Black-Scholes Model since its introduction in 1978, with key contributors from the United States and the United Kingdom. Early research (19782000) focused on the theoretical basis of the model, while the period 20012010 marked its increasing relevance in economics. The 20112020 period saw the integration of the model in a wide range of economic applications. The 20212023 period highlights a new research focus on applications in fractional differential equations. The model has become an essential element in modern finance, driving innovation in finance education, policy, and cross-disciplinary applications.Research limitations/implications The study is limited by its reliance on data from the Scopus database, which may not encompass all relevant research. Future research could expand the analysis to include other databases and consider qualitative aspects of the Black-Scholes Model's applications.Novelty/Originality This research underscores the importance of the Black-Scholes Model in the evolution of modern finance and its diverse applications. It makes a significant contribution to the study of economics and finance by providing a comprehensive bibliometric analysis of the model's development, key contributors, and thematic evolution.
PENGARUH TEKNOLOGI BLOKCHAIN TERHADAP EFISIENSI DAN KEAMANAN TRANSAKSI KEUANGAN: STUDI KASUS PADA INDUSTRI PERBANKAN DI INDONESIA Erari, Anita; Hartono, Pierdijono; Surahman, Bambang; Mahdi, Mahdi; Kraugusteeliana, Kraugusteeliana
JURNAL ILMIAH EDUNOMIKA Vol. 8 No. 2 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i2.13285

Abstract

This Research aims to see the influence of bloking technology on the efficiency and security of financial transaction, with a case study in the banking industry in Indonesia. The method in this research uses a combination approach, including analytical and descriptive approaches. The result of this research are that the use of this technology provides significant benefits in terms of safety and operational efficiency. This blokchain technology can increase transaction security and reduce the risk of fraud, besides that it can strengthen data integrity so that transactions are more efficient. This blokchain technology can increase transaction security and increase the trust of customers and banking authorities.
FINANCIAL BEHAVIOR: DETERMINASI MELALUI FINANCIAL KNOWLEDGE DAN FINANCIAL ATTITUDE PADA GENERASI MILLENIAL DI ERA SOCIETY 5.0 Hartono, Pierdijono; Bormasa, Monica Feronica; Darmun, Darmun; Wartono, Tono; Ningrum, Endah Prawesti
JURNAL ILMIAH EDUNOMIKA Vol. 8 No. 2 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i2.13286

Abstract

The development of the global world has now entered the era of society 5.0, with advances in technology making financial management easier. The aim of this research is to determine the financial behavior carried out by the millennial generation in the era society 5.0 in terms of financial knowledge and financial attituted, which wiil help the millennial generation to be wiser in managing their finances. The method used in this research is a quantitative method with a descriptive approach. The results of this research, financial behavior can be seen from financial knowledge and financial attitude. In determining or determining attitudes in financial management, this can be done so that it will make it easier for students in the era of society 5.0 with advances in technology to organize and manage their finances. With this, it is necessary to increase students’ understanding of financial literacy. This aims to enable students to make decisions about technology-based financial management and wil make students’ lives easier in the era of society 5.0, which will enable students to manage finances effectively and afficiently in the era of society 5.0.
PENINGKATAN PENGGUNAAN FINANCIAL TECHNOLOGI MELALUI FINANCIAL LITERACY PADA GENERASI Z DI ERA SOCIETY 5.0 Baan, Roy Rocky Suprapto; Hartono, Pierdijono; Yuni, Veronika; Hasanah, Siti; Kraugusteeliana, Kraugusteeliana
JURNAL ILMIAH EDUNOMIKA Vol. 8 No. 2 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i2.13287

Abstract

In the current era of globalization, technological advances have become a new driver for economic growth, especially in the financial sector, where fintech has been able to become a new instrument to encourage growth in this sector. This research aims to find out whether there is an influence between financial literacy and the increased use of financial technology (fintech) in generation z in the era of society 5.0. The research method used is a quantitative method. The data used in this research is primary data where the data is obtained directly from respondents' answers to questionnaires distributed to generation z in Bandar Lampung City. The respondents of this research are generation z in Bandar Lampung City who were born in 1997-2005. Data analysis techniques use software Smart PLS vers 3.. The results of this research are that financial literacy has a positive and significant influence on the use of financial technology in generation z in the city of Bandar Lampung.