cover
Contact Name
Muflihul Khair
Contact Email
muflihul.khair@ticmi.co.id
Phone
+628334138833
Journal Mail Official
editor.jpmb@gmail.com
Editorial Address
Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Jurnal Pasar Modal dan Bisnis
ISSN : -     EISSN : 27155595     DOI : https://doi.org/10.37194/
The journal is designed to provide a platform for researchers, academicians, and practitioners who are interested in new knowledge and discussing ideas, issues, and challenges in the field of capital markets. JPMB is published by The Indonesia Capital Market Institute (TICMI).  It covers the following topics: - Capital Markets and Financial Institutions - Financial Instruments and Financial Innovation - Investment and Financial Decision Making - Valuation of Financial Assets - Financial and Non-Financial Information - Corporate Reporting & Investment Decision - Capital Market Governance & Sustainability - Investor Protection - Capital Markets Literacy and Inclusion - Financial Standards and Regulations - Crime in Capital Markets - Risk Management in Capital Markets - Financial Engineering & Derivatives - Islamic Capital Markets - Emerging Markets Studies - International Capital Markets - International/Regional Financial Center - Capital Markets Technology & Cybersecurity and related topics
Articles 11 Documents
Search results for , issue "Vol 2 No 2 (2020)" : 11 Documents clear
Analisis Perbandingan Kinerja Keuangan pada Bank Umum Syariah BUMN (Bank BRI Syariah, Bank Syariah Mandiri dan Bank BNI Syariah) Deny Ismanto; Dwi Keri Agung Laksono
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.42

Abstract

This study aims to investigate and prove empirically about the differences between the financial performance of Bank BRI Syariah, Bank Syariah Mandiri and Bank BNI Syariah during the period 2014-2018. This research is a descriptive comparison. The data used is secondary data in the form of financial statements of companies that obtained from published financial statements of Bank Indonesia through www.bi.go.id sites as well as on the official website of each of the banks. Data analysis was performed by using financial ratio analysis of CAR, ROA, ROA, FDR, and the NPF. And analysis techniques were used to compare the performance of Bank BRI Syariah, Bank Syariah Mandiri and Bank BNI Syariah is a method of Anova. Analysis showed that there were significant differences for ROA, ROA and FDR while in the CAR and the NPF is not a significant difference. Bank BRI Syariah financial performance is better in terms of capital of the CAR, ROA and efficiency ratio of the NPF ratio, the performance of Bank Syariah Mandiri in this study was less good than the other two bank, Bank BRI Syariah and Bank BNI Syariah.
Pengaruh Risiko, Return, dan Perekonomian Indonesia Terhadap Keputusan Berinvestasi Saat Covid-19 Revo Gilang Firdaus
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.43

Abstract

Research on investment decisions when Covid-19 is measured by the influence caused by risk, return, and the Indonesian economy. Respondents were targeted at 20 students with random sampling conducted using a questionnaire. Then the analysis uses SPSS software with validity, reliability, classic assumption, and multiple linear regression tests. The results show that the return variable becomes an influential factor in determining whether to invest in shares when Covid-19 or not. While other independent variables do not affect because they have significance that is not in accordance with the rules. The implications of this research have resulted in encouraging various sectors and parties, such as the government and other involved parties to collaborate with each other and work together to provide education and understanding related to stock investment in students.
Pengaruh Pengungkapan Akuntansi Lingkungan dan Mekanisme Good Corporate Governance Terhadap Kinerja Keuangan (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia) Erwin Febriansyah; Rakhel Fahreza
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.44

Abstract

Purpose - The purpose of this study is to find out the importance of environmental accounting disclosures, the GCG mechanism proxied by the board of commissioners, the Board of Directors and the Audit committee on the financial performance of companies listed on the Indonesia Stock Exchange. Methods - This study uses a quantitative approach. the population in this study were companies listed on the Indonesia Stock Exchange during the period 2016-2018 and the samples used in this study were 22 companies listed on the Indonesia Stock Exchange. Data Analysis Techniques using Descriptive Statistics, Test classic assumptions, Analysis of Multiple Regression Equations, Hypothesis Testing and Determination Coefficient Testing (R-Squares). Finding - the findings in this study are the disclosure of environmental accounting has a positive influence and GCG Mechanism which is proxied by the board of commissioners and the audit committee has a negative effect and the board of directors has no influence on financial performance. still a small number of samples and objects in determination
Laba Perusahaan Asuransi Umum di Bursa Efek Indonesia Dipengaruhi oleh Pendapatan Premi, Beban Klaim, dan Risk Based Capital Puteri Maharani; Ossi Ferli
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.45

Abstract

This research was conducted to examine the effect of Premium Income, Claims Expenses, Investments, Risk Based Capital (RBC) on company profits (ROA). Premium Income (PP), Claims Expenses (BK), Investments Result (HI), and Risk Based Capital (RBC) are used as independent variables estimated to have an impact on company profits (ROA) as the dependent variable. This research was conducted at general insurance companies listed on the Stock Exchange for the period 2012-2017. The data obtained is by accessing the Indonesia Stock Exchange website. The sample in this study was selected using the Purposive Sampling method so there are only 8 insurance companies listed on the Stock Exchange for the period 2012-2017 that can be used in this study. The analysis technique used in this study is multiple regression analysis. The results of this study show Premium Income (PP) has a positive effect on company profits (ROA), Claim Expenses (BK) has a negative effect on company profits (ROA), Investments (HI) has no effect on company profit (ROA), and Risk Based Capital (RBC) has a positive effect on company profit (ROA)
Membangun Bisnis dengan Ekosistem Halal Muhammad Khozin Ahyar; Agung Abdullah
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.46

Abstract

This article aims to provide an overview or describe the components that must be met in building a business with a halal ecosystem, both in terms of process or production as well as from the non-production side. The methodology used in this article is a qualitative method with a literature research or literature review approach. This article describes or describes several things that must be considered in building a business with a halal ecosystem, namely the financial component (finance), production and distribution. Finance is a component that is upstream in the halal business ecosystem. Production is a process of making a product in the form of goods or services that will become a halal business product. When producing sharia goods or services, all raw materials and processes must also comply with halal standards. Distribution is the last component in the halal supply chain ecosystem that distributes products or services and presents them. In the process of distribution, the product must be ensured to be separate from non-halal products and there will be no change in the substance of the product during the distribution process, so that the product remains halal and thayib. Through this article, the writer hopes that sharia business or halal business can perfect its halal ecosystem in order to maintain halal and thayib products.
Pengaruh Keahlian, Pengalaman Audit, dan Pengetahuan Akuntansi dan Auditing terhadap Ketepatan Pemberian Opini Audit Devina Mahmuda; Putri Nurmala
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.47

Abstract

This study aims to obtain empirical evidence regarding the effect of expertise on the accuracy of giving audit opinions, audit experience on the accuracy of giving audit opinions, and knowledge of accounting and auditing on the accuracy of giving an audit opinion. For this reason, research was carried out on the hood of the city of Depok. The population in this study were auditors who worked on the hood of the city of Depok. This study used convenience sampling. Data were collected through a questionnaire, which was distributed to the sample. The data analysis technique used is multiple regression analysis and hypothesis testing t test to see the effect partially. The results showed that expertise had a significant positive effect on the accuracy of giving audit opinions, audit experience did not have a significant effect on the accuracy of giving audit opinions, and accounting and auditing knowledge had a significant positive effect on the accuracy of giving an audit opinion.
Perbandingan Abnormal Return Saham Sebelum dan Sesudah Perubahan Waktu Perdagangan Selama Pandemi Covid-19 Deasy Lestary Kusnandar; Vivi Indah Bintari
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.49

Abstract

This study aims to determine the differences in abnormal returns before and after the announcement of changes in trading time on exchange transactions on the Indonesia Stock Exchange during the pandemic covid-19. The research population is all companies that entered into LQ45 companies on the Stock Exchange in the period February - July 2020, namely as many as 45 companies. The sample in this study was taken using the census method, meaning that the number of samples taken was equal to the number of members of the population. To test the hypothesis of this study using a paired sample test. This test is used to determine whether there is an average difference between two groups of pairs that are paired (related). That is, a sample but underwent two different treatments. The object of this research is abnormal return. To calculate abnormal returns, one must first find the actual return and expected return. To calculate the expected return using Market Adjusted Model measurements. The results of this study indicate that there are differences in abnormal returns before and after the announcement of changes in trading time for stock exchange transactions on the Indonesia Stock Exchange during the pandemic covid-19.
Analisis Prediksi Harga Saham Sinar Mas Group Versiandika Yudha Pratama; Wilda Yulia Rusyida
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.52

Abstract

This study aims to determine the Sinar Mas Group's daily stock price predictions on the issue of inheritance claims using the ARIMA and SARIMA methods. The data used in this study are secondary data in the form of historical daily stock price data from January 1st, 2019 to July 24th, 2020. The results of this study showed that BSIM stock predictions obtained with SARIMA (1,0,1) (0,1,1), the stock price trend was down but not too large. INKP with ARIMA (2,1,3); MCOR with SARIMA (1,0,0) (0,1,1); SMAR with ARIMA (0,1,3); and TKIM with SARIMA (1,0,1) (1,1,1) showed a declining stock price trend. Meanwhile, the prediction of SMMA obtained with ARIMA (3,1,2) shows an upward trend in stock prices. Technically, to take advantage of the short-term momentum, buy on weakness for SMMA which has an upward trend, while for BSIM, INKP, MCOR, SMAR and TKIM whose trend is declining can take steps to sell it.
Pengaruh Earning Per Share, Net Profit Margin, Free Cash Flow dan Likuiditas Terhadap Kebijakan Dividen pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Periode 2016-2018 Nita Astuti
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.53

Abstract

This study aims to test and analyze empirically the effect of earnings per share, net profit margin, free cash flow and liquidity on dividend policy. The objects in this study are companies that are consistently listed on the Jakarta Islamic Index (JII) for the 2016-2018 period. The research sample of 13 companies obtained by purposive sampling technique. The research data is secondary data obtained from the Indonesia Stock Exchange (BEI). Data analysis using panel data regression analysis. Data processing in this study uses the E-Views 9 program. The results of this study indicate that net profit margin, free cash flow and liquidity have an effect on dividend policy. Meanwhile, earnings per share has no effect on dividend policy. Overall, the independent variables simultaneously influence dividend policy.
Pengaruh Return on Asset terhadap Earning per Share pada PT Indo Tambangraya Megah Tbk Linda Septiana
Jurnal Pasar Modal dan Bisnis Vol 2 No 2 (2020)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v2i2.54

Abstract

This study aims to determine the effect of Return on Assets to Earning per Share in PT Indo Tambangraya Megah, Tbk. The study uses secondary data that has been published by the Indonesia Stock Exchange. This research method uses simple linear regression analysis techniques with a case study approach. The results of this study that Return on Assets significantly influence Earning per Share.

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