Totok Sugiharto
Fakultas Ekonomi dan Bisnis Universitas Pelita Harapan, Indonesia

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Analysis of Sri-Kehati Stock Performance in The Period Before and During Covid-19 Using The Sharpe, Treynor, and Jensen Methods Aria Nindita Wulansari; Totok Sugiharto
Cakrawala Repositori IMWI Vol. 7 No. 3 (2024): Cakrawala Repositori IMWI
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v7i3.665

Abstract

This research aims to compare the performance of the SRI-KEHATI index stocks before and during the COVID-19 period using the Sharpe Ratio, Treynor Ratio, and Jensen's Alpha. A quantitative method with a descriptive approach was used in this study, utilizing secondary data. Sample data selection employed a non-probability method with a purposive sampling technique from a single population. Statistical tests were then conducted using paired sample t-test to examine whether there is a difference in portfolio performance among the stocks in the SRI-KEHATI index between the periods before and during the COVID-19 pandemic using the Sharpe, Treynor, and Jensen methods. The results of this research indicate that there was a notable contrast between the periods before and during the COVID-19 pandemic when utilizing the Sharpe Ratio and Treynor Ratio measurement methods. However, this discrepancy was not observed when employing the Jensen Method, as there was no significant difference detected between the two periods.
The Effect of Good Corporate Governance on Leverage-Mediated Dividend Policy in LQ45 Companies Listed on IDX Yoshi Suryo Dhanti; Totok Sugiharto
Cakrawala Repositori IMWI Vol. 7 No. 3 (2024): Cakrawala Repositori IMWI
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v7i3.667

Abstract

The objectives of this study are to investigate the relationship between Good Corporate Governance (GCG) variables, leverage, and dividend policy, as well as to examine the effect of leverage-mediated GCG on dividend policy. This study was conducted on companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) spanning from 2018-2022. Data were gathered from the companies’ annual financial statements using purposive sampling methods and judgment sampling. The collected data were analyzed using Partial Least Square analysis – SEM, SMART PLS software to determine the relationship between variables. The findings reveal a positive influence between GCG and dividend policy, with leverage mediating this relationship. These results diverge from certain previous studies, so the results of this test can provide a variation of research results. The implications of this study are expected to enhance understanding regarding the important role of GCG and its relation to dividend policy.