Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal Coopetition : Jurnal Ilmiah Manajemen Jurnal EMA (Ekonomi Manajemen Akuntansi)
Asa Rembokowati, Ni
Unknown Affiliation
Economics, Econometrics & Finance Education Social Sciences Other

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
How Investor Sentiment and Trading Behavior affect Stocks Return: : Analyzing from Taiwan Index Series that Traded on The Main Market Asa Rembokowati, Ni
Coopetition : Jurnal Ilmiah Manajemen Vol. 16 No. 1 (2025): Coopetition : Jurnal Ilmiah Manajemen
Publisher : Program Studi Magister Manajemen, Institut Manajemen Koperasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/coopetition.v16i1.5121

Abstract

This research concerns how investor sentiment and trading behavior affect stock returs while applied in the different conditions from the same sample stocks. This research uses the daily stock price, the number of shares, and trading volumes of the company that includes in Taiwan 50 index on the study period 2016 to 2020. Then from 50 companies listed during the sample period, the researcher excludes those suffering from the suspension of trading or administrative issues, which leaves 43 companies, then the researcher tries to regrouping the samples into several categories. First, is all sample stocks from the 50 index series. Second, regrouping all sample stocks into three group sectors includes electronic, finance, and traditional sectors. Third, the researcher categorizes the same sample stocks into high, middle, and low foreign shareholding. The method of this quantitative causality research is multiple linear regression (MLR). Meanwhile, based on the research results it can be concluded that a large market capitalization on the criteria for grouping a company, can’t be the only standard in determining the influence between variables, because there are other factors that can affect the results of the study.
UNLOCKING DIVIDEND POLICY: HOW PROFITABILITY AND MARKET VALUATION DRIVE PAYOUTS IN INDONESIAN STATE OWNED BANKS Rembokowati, Ni Asa; Fadhillah, Muhammad Haris
JURNAL EMA (Ekonomi Manajemen Akuntansi) Vol 10 No 2 (2025): DESEMBER
Publisher : Universitas Merdeka Pasuruan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51213/ema.v10i2.673

Abstract

This study analyzes the determinants of dividend policy in state-owned banks in Indonesia during 2019–2024 with the Dividend Payout Ratio (DPR) as a proxy for dividend policy and the independent variables of profitability (NPM), market valuation (PBV), leverage (DER), and earnings performance (EPS). Quarterly data were analyzed using a Fixed Effect Model (FEM) panel regression with t-test, F-test, and adjusted R-squared as model diagnostics. The results show that profitability (NPM) has a positive and significant effect on dividend policy according to signaling theory, while market valuation (PBV) has a significant negative effect, indicating that banks with high valuations tend to retain earnings. Leverage (DER) and earnings performance (EPS) do not have a significant effect, but all four variables simultaneously influence dividend policy with an adjusted R² of 0.891596, reflecting the model's high explanatory power. These findings confirm the dominant role of profitability and the negative influence of market valuation in the formation of dividend policy, contributing to the literature on dividend policy in emerging markets and providing practical implications for investors, regulators, and bank management in optimal dividend strategies.
Co-Authors Muhammad Haris Fadhillah