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ANALYSIS OF ABNORMAL RETURN AND TRADING VOLUME ACTIVITY BEFORE AND AFTER THE LQ45 COMPANY CASH DIVIDEND ANNOUNCEMENT FOR THE 2020 PERIOD Dewi, Reza Kusuma; Budianto, Erwin; Dhevyanto, Benny
JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS Vol. 2 No. 1 (2022): NOVEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/jhssb.v2i1.418

Abstract

An increase in the trading volume of dividend-declaring shares at a particular moment may indicate that the company is performing well and has promising prospects. The dividend announcement includes crucial information for investors seeking abnormal returns. This study seeks to determine and assess whether there is a difference between AR and TVA before to and following the release of cash dividends. This study's data analysis method is a parametric statistical data analysis method. This method is used to statistically evaluate population parameters, or in other words, to test population size using pre-selected sample data and a significance level () of 0.05 or 5%. A data set is considered regularly distributed if asym.sig is less than 0.05. Sig. 0.277 > 0.05 indicates that there is no change in the average abnormal return before and after the declaration of cash dividends for LQ45 Company 2020. The findings of evaluating the sample data for trading volume activity indicate, with a significance level of 0.000 < 0.05, that there is a difference in trading volume activity before and after the release of cash dividends for LQ45 Company 2020. A significant negative abnormal return value at t-4, t-1, t0, t+3, t+4, and t+5 conveyed bad news, therefore investors overreacted to alter stock prices, resulting in disparities in trading volume activity before to and following the announcement of cash distributions. Indirectly, the declaration of cash dividends can impact the trading volume activities of LQ45 Index-listed businesses.
Investment Decisions: Mediating Role of Financial Behavior on Young Investors in the Capital Market Liyanty, Terre; Sari, Dela Jovam; Dhevyanto, Benny; Krisdiana, Krisdiana
International Journal of Business, Economics, and Social Development Vol 6, No 2 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.914

Abstract

Interest in capital market investments continues to increase, along with improved access to information and digital platforms that make it easier for the younger generation to invest. However, psychological phenomena such as FOMO (Fear of Missing Out), YOLO (You Only Live Once) and FOPO (Fear of Other People`s Opinions) often affect their investment decisions. FOMO, in particular, can cause young investors to make rash investment decisions without careful consideration. This study aims to empirically test whether financial knowledge and risk preferences affect investment decision which mediated by financial behavior. Research used quantitative methods with descriptive, statistical analysis, and a sample of 150 respondents who were young investors aged 18-30 years in Cirebon. The findings of the analysis indicated that financial knowledge and risk preferences influences investment decision, and financial behavior successful as a mediator. It can be inferred that increasing financial knowledge and understanding of risk preferences can help young people make more rational investment decisions, despite the influence of psychological factors such as FOMO and others.
The Effect of ROA, CR, and DER on Company Value in the Consumer Goods Industry, Food and Beverage Packaging Sub-Sector, 2018–2023 Period Firmansyah, Teguh; Fauzan, Fikran Fakhry; Dhevyanto, Benny; Krisdiana, Krisdiana
Indonesian Journal of Advanced Research Vol. 4 No. 6 (2025): June 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i6.14677

Abstract

This study aims to analyze the effect of Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) on company value in the packaged food and beverage subsector on the Indonesia Stock Exchange for the period 2018–2023. Using a quantitative approach and multiple linear regression analysis of 144 panel data observations, the results show that ROA and CR have a positive and significant effect on company value, while DER has no significant effect. The research model explains 79.7% of the variation in company value. These findings emphasize the importance of profitability and liquidity in increasing market valuation, and provide practical implications for management in post-pandemic strategic financial management.
Involvement of ROA, EPS, and DER to Stock Prices in listed coal mining sub-sector on IDX 2020-2024 Madjid, Nurcholis; Dhevyanto, Benny
Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 1 (2025): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/rzapy473

Abstract

This study aims to examine the effect of Return on Assets (ROA), Earnings Per Share (EPS), and Debt to Equity Ratio (DER) on stock prices in coal mining sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. These financial ratios serve as important indicators for investors to evaluate a company performance and make informed investment decisions. The study adopts a quantitative descriptive method, using secondary data obtained from audited annual reports from Indonesia Stock Exchange.The results show that ROA does not have a significant impact on stock prices, and its negative coefficient suggests a potential mismatch between asset efficiency and investor expectations. EPS, on the other hand, has a positive and significant influence, indicating that higher earnings per share are positively associated with higher stock prices. DER shows a negative but statistically insignificant effect, suggesting that high leverage may be perceived as a risk but does not strongly influence investor behavior within this period. These findings imply that investors in the coal mining sector tend to prioritize profitability signals like EPS over traditional asset efficiency or capital structure ratios. The study provides valuable insights for investors seeking to reduce risk and maximize returns, and for companies aiming to enhance their financial appeal in capital markets. Keywords: ROA, EPS, DER, Stock Price
THE INFLUENCE OF NET PROFIT MARGIN, RETURN ON ASSETS, AND RETURN ON EQUITY ON THE SHARE PRICE OF LQ45 COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2020-2023. Sudrajat, Wahyu; Muiz, Budi Fajrul; Dhevyanto, Benny; Krisdiana, Krisdiana
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7388

Abstract

This study analyzes the effect of Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE) on the stock prices of companies listed in LQ45 on the Indonesia Stock Exchange during the period 2020-2023. The main objective of this study is to determine the extent to which these three financial ratios affect stock prices. The method used is multiple regression analysis with secondary data collected from the company's annual report and the official website of the Indonesia Stock Exchange. The results show that NPM has a significant influence on stock prices, while ROA and ROE do not show a meaningful influence. This finding emphasizes the importance of NPM as an indicator of company performance that can attract investors. The conclusion of this study is that companies need to focus on increasing NPM to increase the value of their shares. Future research is recommended to explore other variables that affect stock prices and conduct longitudinal analysis.
Investment Decisions: Mediating Role of Financial Behavior on Young Investors in the Capital Market Liyanty, Terre; Sari, Dela Jovam; Dhevyanto, Benny; Krisdiana, Krisdiana
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.914

Abstract

Interest in capital market investments continues to increase, along with improved access to information and digital platforms that make it easier for the younger generation to invest. However, psychological phenomena such as FOMO (Fear of Missing Out), YOLO (You Only Live Once) and FOPO (Fear of Other People`s Opinions) often affect their investment decisions. FOMO, in particular, can cause young investors to make rash investment decisions without careful consideration. This study aims to empirically test whether financial knowledge and risk preferences affect investment decision which mediated by financial behavior. Research used quantitative methods with descriptive, statistical analysis, and a sample of 150 respondents who were young investors aged 18-30 years in Cirebon. The findings of the analysis indicated that financial knowledge and risk preferences influences investment decision, and financial behavior successful as a mediator. It can be inferred that increasing financial knowledge and understanding of risk preferences can help young people make more rational investment decisions, despite the influence of psychological factors such as FOMO and others.
Pengabdian Kepada Masyarakat Melalui Kuliah Kerja Nyata Tematik (KKN-T) Di Desa Randobawailir Kabupaten Mandirancan Timur, Bintang; Layalia, Nudya; Dwy Hermawan, E; Dhevyanto, Benny
Jurnal Pengabdian Kepada Masyarakat Patikala Vol. 5 No. 2 (2025): Jurnal PkM PATIKALA (On Progress)
Publisher : Education and Talent Development Center of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51574/patikala.v5i2.3915

Abstract

Thematic Community Service (KKN-T) is an integral part of the Tridharma of Higher Education, which requires students to play an active role in community empowerment through education, research, and community service. Through a qualitative approach with direct participant observation methods to the village community to gain a deep understanding of the social phenomena that occur in Randobawailir Village, this article discusses the implementation of KKK-T group 49 of Gunung Jati Swadaya University, which took place in Randobawailir Village, Mandirancan District, Kuningan Regency, which has four work programs engaged in: empowerment of village MSMEs, education, environment and health. through the research method of participant observation of the Randobawailir village community to find out about daily life in the village. KKN-T activities in the village include empowerment of MSMEs, socialization of anti-bullying and healthy living behaviors, construction of garden houses and toddler immunizations, stunting nutrition seminars and classes for pregnant women that can be implemented smoothly. This KKN-T research in Randobawailir Village is expected to provide useful knowledge for the University, Students and the Village Community and become a foundation for future research.