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 16 Documents
Search results for , issue "Vol 4 No 1 (2022)" : 16 Documents clear
Pengujian Six Factor Model terhadap Excess Return Saham di Indonesia Neneng Susanti
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.118

Abstract

This study aims to determine the effect of the six-factor (market return, firm size, value, profitability, investment, human capital) on excess returns in the manufacturing sector listed on the Indonesian stock exchange for the period 2016 – 2020. The method used in this study is an explanatory method, namely descriptive statistics and verification. The analysis technique in this method uses the eviews 9 application. Based on the research, it can be concluded that partially, market return (X1), firm size (X2), value (X3), and investment (X5) have a significant positive effect on excess return on manufacturing sector companies for the 2015-2019 period. Profitability (X4) and human capital (X6) variables do not have a significant effect on excess return in manufacturing sector companies for the 2015-2019 period.
The Role of Efficiency Management for Optimizing Corporate Sustainability Performance Estu Widarwati; Nunik Nurmalasari; Ivan Yusriful Fajar; Nabilla Nur Rohmah
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.120

Abstract

The improvization of sustainability performance for creating the long-term value requires good governance in order to achieve a high productivity and control costs. Firm’s ability managing assets efficiently should be synergized with good corporate sustainability information disclosure. Efficiency management is important for corporate sustainability. A better firm’s managerial improvement will increase firm’s sustainability performance. This is early study analyzing the firm efficiency for achieving corporate sustainability performance in terms of economic, environmental, or social aspects. Furthermore, the study test the impact of efficiency management on corporate sustainability performance in Indonesian’s non financial industry. This study uses purposive sampling technique and the samples include infrastructure, healthy, industrial, basic material, and non primer sector of IDX in 2019-2020. The analytical tools using descriptive statistic, simple regression, and T-test The results show that efficiency management has a significant effect on corporate sustainability performance. Separated effect of efficiency management significant on economic aspect but different finding on environment and social aspect. Next research should explore deeply the topic using long period and complex model approac. The finding this study lead to the significance of efficiency management as breakthrough for optimizing corporate sustainability performance.
Menggunakan Metode CAPM (Capital Asset Pricing Model) untuk Menentukan Kelompok Saham yang Efisien pada Perusahaan Sektor Farmasi di Masa Pandemi Covid-19 Marxelino Aldymoro; Veny Anindya Puspitasari
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.122

Abstract

The COVID-19 pandemic has undeniably affected various sectors in the Indonesian economy. One sector is the pharmaceutical sector. In this study, it is seen how the impact of the Covid 19 pandemic on stock efficiency in the securities company sub-sector in the pharmaceutical sector is seen. The method that will be used is the Capital Asset Pricing Model (CAPM). The purpose of this study was to determine the stocks of securities companies in the pharmaceutical sector that were efficient during the Covid 19 pandemic. The samples used in this study were 9 issuers of securities companies, namely DVLA, INAF, KAEF, KLBF, MERK, PEHA, PYFA, SIDO, and TSPC. Calculations were performed with Microsoft Excel with the CAPM formula. Thus, the calculation results will show that all research samples are efficient stocks or even though they have varying betas.
Pengaruh Akuntansi Akrual, Kas, dan Apresiasi Pasar terhadap Return Saham Niken Anindita Murti; Moh. Yudi Mahadianto; Mada Purwanto Wahyu Nugroho
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.128

Abstract

Penelitian tentang pengaruh akuntansi akrual, kas, dan apresiasi pasar terhadap return saham bertujuan untuk memberikan bukti empiris mengenai faktor fundamental yang mempengaruhi return saham. Dalam riset akuntansi berbasis pasar, informasi akuntansi dikaitkan dengan respon investor. Informasi akuntansi dibentuk atas dasar akrual dan basis kas. Basis akrual diwakili oleh Earning per Share yang merupakan bottom line dari kinerja perusahaan. Basis kas sering digunakan untuk menguji kualitas akrual dengan memberikan informasi tentang ketersediaan kas kepada pemegang saham. Dalam hal ini diwakili oleh Free Cash Flow to Equity. Sedangkan besaran apresiasi pasar dapat ditentukan melalui Price to Book Value. Jadi ketiga hal tersebut merupakan bagian mendasar dari proses pengambilan keputusan investasi yang akan berdampak pada return saham. Dengan perusahaan yang tercatat sebagai investor33 di BEI selama 2017-2020 setelah dilakukan analisis regresi linier berganda (OLS) menunjukkan bahwa model penelitian dapat digunakan untuk menjelaskan variasi return saham. Hasil penelitian memberikan bukti empiris bahwa Free Cash Flow (FCF) dan Price to Book Value (PBV) berpengaruh positif terhadap return saham, sedangkan Earning per Share (EPS) tidak berpengaruh terhadap return saham. Dengan ini diharapkan dapat menambah pengetahuan dan memberikan pandangan yang lebih luas dalam mengambil keputusan investasi tanpa berfokus pada informasi fundamental satu perusahaan tertentu seperti laba yang digambarkan oleh laba per saham.
Determinan Peringkat Obligasi Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019 Adhitya Bayu Suryantara; Muhammad Habib Husnan; Akram Akram
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.129

Abstract

This study aims to determine the factors that influence bank bond ratings, specifically investigating the effect of leverage, liquidity, profitability, activity, bond maturity, bond guarantees, good corporate governance ratings, and underwriting securities on banking bond ratings. This study is an associative study using ordinal logistic regression analysis with the help of SPSS 16. The population in this study were banking companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019 and ranked by Pefindo. The sample was determined based on the purposive sampling method to obtain 11 sample companies. The independent variable data used in this study are secondary data obtained from the Indonesia Stock Exchange (IDX) and the Indonesian Institute for Corporate Governance (IICG). Meanwhile, bond rating data was obtained from Pefindo. The results show that leverage has a significant negative effect on bond ratings. Liquidity does not affect bond ratings. Profitability has a positive effect on bond ratings. Activity has a significant positive effect on bond ratings. Bond maturity has no significant effect on bond ratings. Bond guarantees have a significant positive effect on bond ratings, and good corporate governance ratings have a significant positive effect on bond ratings. Meanwhile, the underwriter does not affect the bond rating.
Analisis Kualitas Pelayanan, Sistem Pembayaran Non Tunai, Dan Ketersediaan Produk Terhadap Kepuasan Konsumen Agen Eoa Gold Tegal Cahyani Tunggal Sari
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.130

Abstract

Penelitian ini bertujuan untuk membuktikan secara empiris pengaruh kualitas pelayanan terhadap kepuasan konsumen, pengaruh sistem pembayaran non tunai terhadap kepuasan konsumen, pengaruh ketersediaan produk terhadap kepuasan konsumen, dan pengaruh kualitas pelayanan, pembayaran non tunai. sistem, dan ketersediaan produk terhadap kepuasan konsumen agen EOA Gold Tegal. Metode penelitian yang digunakan dalam penelitian ini adalah analisis data kuantitatif. Populasi dalam penelitian ini adalah seluruh konsumen salah satu agen EOA Gold Tegal bernama Noor Buana Restu Anggiani yang tidak diketahui jumlahnya. Sampel diambil sebanyak 97 responden dengan menggunakan non-probability sampling. Berdasarkan hasil penelitian kualitas pelayanan berpengaruh dan tidak signifikan terhadap kepuasan konsumen, sistem pembayaran non tunai berpengaruh dan tidak signifikan terhadap kepuasan konsumen, ketersediaan produk berpengaruh dan signifikan terhadap kepuasan konsumen, sebagai serta kualitas layanan, sistem pembayaran nontunai, dan ketersediaan produk berpengaruh dan signifikan. untuk kepuasan konsumen.

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