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All Journal JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Journal Social Science And Technology For Community Service International Journal of Business, Economics, and Social Development International Journal of Scientific Multidisciplinary Research (IJSMR)
Yudhia Mulya
Universitas Pakuan
Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mechanical Engineering Social Sciences

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PENGARUH KINERJA KEUANGAN DAN MAKROEKONOMI TERHADAP RETURN SAHAM PADA SUBSEKTOR MAKANAN DAN MINUMAN PERIODE 2011-2015 Edhi Asmirantho; Yudhia Mulya; Dinar Ardian Firmansyah
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 2, No 2 (2016): Vol 2, No 2 (2016)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v2i2.445

Abstract

Abstract This study is aimed to test the effect of financial performance and macroeconomics variables in explaining stock returns. The study conducts two regression models. The first model included only financial performance as independent variables which consist of current ratio, debt to equity ratio, earnings per share, return on assets, economic value added, inventory turnover, and price to earnings ratio. Then the first model is extended to the second model by adding macroeconomics variables which consist of interest rate and inflation. Pooled least squares regression is applied in this study and all of the assumptions to obtain best linier unbiassed estimator are met. The extended model results in an increase of adjusted R-squared value from 46,9% to 60,84%. Keywords: Financial Performance, Interest Rate, Inflation, Stock Return
ANALYSIS OF OPTIMAL PORTFOLIO AND PORTFOLIO PERFORMANCE PERSISTENCE ON THE IDX30 INDEX USING SINGLE INDEX MODEL Tegar Fadlina; Yudhia Mulya; Edhi Asmirantho; Edi Jatmika
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 10, No 1 (2024): Vol 10, No. 1 (2024)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v10i1.8969

Abstract

ABSTRACTThis research aims to analyze the optimal portfolio formation in each semester based on the Single Index Model in companies included in the IDX30 index for the period 2018 – 2022 and analyze the persistence of optimal portfolio performance in companies included in the IDX30 index category on the Indonesia Stock Exchange for the period 2018 – 2022. Population and sample, all stocks of go-public companies listed in the IDX30 Index on the Indonesia Stock Exchange (IDX) for Feb 2018 – Jan 2022. The data analysis method used in this research is a determination of the optimal portfolio with a Single Index Model and stock portfolio performance persistence test to determine whether there is an implication between optimal portfolio performance in the past and optimal portfolio performance in the future (persistence). As measured by the Sharpe method, the results of the persistence test analysis of portfolio performance show that past portfolio performance has no data value dependence (no persistence) with future portfolio performance.ABSTRAKPenelitian ini bertujuan menganalisis formasi portofolio optimal di setiap semester berdasarkan Model Indeks Tunggal pada perusahaan yang masuk ke dalam indeks saham IDX30 Periode 2018 - 2022 dan menganalisis persistensi kinerja portofolio optimal pada perusahaan yang masuk ke dalam kategori indeks saham IDX30 di Bursa Efek Indonesia periode 2018 – 2022. Populasi dan sampel, seluruh saham perusahaan go public yang terdaftar dalam kelompok saham Indeks IDX30 di Bursa Efek Indonesia (BEI) periode Feb 2018 – Jan 2022. Metode analisis data yang digunakan penelitian ini penentuan portofolio optimal dengan Model Indeks Tunggal dan uji persistensi kinerja portofolio saham untuk mengetahui apakah terdapat implikasi antara kinerja portofolio optimal di masa lalu dengan kinerja portofolio optimal di masa depan (Persistensi). Hasil analisis uji persistensi kinerja portofolio saham yang diukur dengan metode Sharpe menunjukan bahwa kinerja portofolio pada masa lalu tidak memiliki ketergantungan nilai data (tidak memiliki persistensi) dengan kinerja portofolio masa depan.
KAJIAN TERHADAP POLA HUBUNGAN ANTARA PROFITABILITAS DENGAN TINGKAT PENGGUNAAN HUTANG PADA INDUSTRI MANUFAKTUR Yudhia Mulya
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 3, No 1 (2011): Vol 3, No 1 (2011)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v3i1.598

Abstract

ABSTRACTChoosing the appropriate level of debt and equity is an on-going process as long as there are continuous changing of market conditions, tax rules and competitions. This study examines the pattern of relationship between profitability and usage of debt for companies listed at Jakarta Stock Exchange. This is a cross-sectional study, which used 122 firms selected from manufacturing industry in period of December 2005. Return on assets is used to measure profitability and with correlation analysis, this study tried to find the relationship between profitability and debt ratio as a measure of usage of debt. Pearson coefficient correlation indicate that there is an inverse relationship between profitability and usage of debt wherein the lower the profitability, the higher the usage of debt, or vice versa, but the relationship is weak. Keywords: insolvent, profitability, debt ratio, pecking order theory
(Jurnal Ilmiah Manajemen Fakultas Ekonomi) Volume 2 No. 1 Tahun 2016 Edisi 2, Hal. 41-52 41 PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA Yudhia Mulya; Ririn Turisna
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 2, No 1 (2016): Vol 2, No 1 (2016) Edisi 2
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v2i1.727

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh laporan keuangan, rasio solvabilitas (Long Term Debt to Equity Ratio), rasio profitabilitas (Return On Equity, rasio nilai pasar (Earning Per Share, Price Earning Ratio, dan Price to Book Value) terhadap return saham. Metode analisis yang digunakan adalah statistik inferensial, menggunakan analisis regresi linier berganda, uji asumsi klasik, uji t dan uji F dengan aplikasi SPSS. Koefisien untuk R square disesuaikan = 0.825 berarti bahwa 82,5% dari return saham dijelaskan oleh LTDR, ROE, EPS, PER, dan PBV faktor dan 17,5% dijelaskan oleh variabel lain. Hasil uji F menunjukkan bahwa secara simultan LTDR, ROE, EPS, PER, dan PBV berpengaruh signifikan terhadap return saham dengan F hitung 31,160 ? F tabel 2,73. Sementara t tes menunjukkan bahwa sebagian LTDER memiliki efek negatif yang signifikan terhadap return saham dengan t hitung dengan t tabel ? (-7,669 ? -2,05183). Kemudian, variabel ROE tidak berpengaruh signifikan terhadap return saham dengan t hitung t tabel (-5.510 2,05183). Sementara, variabel EPS berpengaruh signifikan positif terhadap return saham dengan t hitung t tabel (5,061?2,05183). Variabel PER tidak berpengaruh terhadap return saham dengan t hitung t tabel (-1.372 2,05183) dan variabel PBV tidak berpengaruh terhadap return saham dengan t hitung t tabel (-0,2014 2,05183).Keyword: Long Term Debt to Equity Ratio (LTDR), Return on Equity (ROE), Earning Per Share (EPS), Price Earning Ratio (PER), Price Book Value (PBV) dan Return Saham.
PERBANDINGAN KINERJA PORTOFOLIO SAHAM DI JAKARTA ISLAMIC INDEX DAN IDX30 PERIODE 20162018 Ami Adawiyah; Yudhia Mulya; Zul Azhar
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 7, No 2 (2021): Vol 7, No. 2 (2021)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v7i2.3973

Abstract

ABSTRAKPenelitian ini bertujuan untuk mengetahui perbedaan antara kinerja portofolio saham Jakarta Islamic Index (JII) dan IDX30 periode 20162018. Jenis penelitian ini adalah penelitian verifikatif dengan metode explanatory survey dan menggunakan teknik statistik komparatif. Penelitian ini menggunakan metode analisis Markowitz dengan pendekatan minimum variance. Sampel yang digunakan adalah 189 saham Jakarta Islamic Index (JII) dan 200 saham IDX30. Hasil pengujian kinerja portofolio dengan menggunakan uji beda independent sample t-test, tidak terdapat perbedaan antara kinerja portofolio Jakarta Islamic Index (JII) dengan kinerja portofolio IDX30. Kemudian, dari hasil perhitungan Sharpe Ratio pada Jakarta Islamic Index (JII) dan IDX30 pada setiap periodenya bernilai positif. Hal ini menunjukkan bahwa portofolio dari kedua indeks selalu memperlihatkan kinerja yang bernilai positif atau baik. Implikasinya adalah tidak ada return tambahan yang dapat diperoleh investor dengan cara membedakan saham yang memiliki kiteria syariah dengan yang bukan syariah. ABSTRACTThis study aims to determine the difference between the performance of the Jakarta Islamic Index (JII) and IDX30 stock portfolios for the 20162018 period. This type of research is a verification research with an explanatory survey method and using comparative statistical techniques. This research uses Markowitz analysis method with Minimum Variance approach. The sample used is 189 shares of Jakarta Islamic Index (JII) and 200 shares of IDX30. The results of portfolio performance testing using the independent sample t-test difference test, there is no difference between the performance of the Jakarta Islamic Index (JII) portfolio and the performance of the IDX30 portfolio. Then, from the results of the calculation of the Sharpe Ratio on the Jakarta Islamic Index (JII) and IDX30 in each period it is positive, this shows that the portfolios of the two indexes always show positive or good performance. The implication is that there is no additional return that can be obtained by investors by distinguishing stocks that have sharia criteria from those that are not sharia.
Co-Authors Agung Prajuhana Putra Ami Adawiyah Dameria BR Girsang Dinar Ardian Firmansyah Edhi Asmirantho Edi Jatmika Firmansyah, Dinar Ardian Ririn Turisna Sufiatul Maryana Tegar Fadlina Turisna, Ririn Yuli Zain Zul Azhar