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 74 Documents
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.
Analisis Harga Saham dan Return Saham Pada Anak Perusahaan PT Indonesia Asahan Aluminium Sebelum dan Sesudah Akuisisi PT Freeport Indonesia Stephen Richard Reynaldi Putra Nober; Veny Anindya Puspitasari
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.v2i2.55

Abstract

The purpose of this research is to analyze the differences in stock prices and stock returns before and after the acquisition of PT Freeport Indonesia by PT Indonesia Asahan Alumunium. This type of research is an event study with a period of three months before the acquisition and three months after the acquisition. The research subjects used in this study are companies that are part of the Holding BUMN Mining PT Indonesia Asaham Alumunium (MIND ID) which has become a public company and is listed on the Indonesia Stock Exchange, namely PT Aneka Tambang Tbk., PT Timah Tbk., And PT Bukit Asam Tbk. The test tool used to analyze the differences in stock prices and stock returns before and after the acquisition is the Paired Sample T-Test. The results showed that there were significant differences in the stock prices of PT Aneka Tambang (ANTM), PT Bukit Asam Tbk (PTBA), and PT Timah Tbk (TINS) but there was no significant difference in the stock returns of the three companies.
Analisis Perbedaan Abnormal Return Sebelum dan Sesudah Pemilihan Presiden Tahun 2019 pada Saham LQ45 yang Terdaftar di Bursa Efek Indonesia Erwin Febriansyah; Furqonti Ranidiah; Umi Mustika
Jurnal Pasar Modal dan Bisnis Vol 3 No 1 (2021)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v3i1.56

Abstract

Purpose – the purpose of this study is to out the difference in abnormal returns before and after the 2019 presidential election on LQ45 stock listed on the the Indonesia stock Exchange. Methods – this study uses event studies, observing the average abnormal returns for 10 days before the event date , and 10 days after the 2019 presidential election. Data used in this study include the stock price, daily closing, stock index. Return expectations using a market-adjusted model. The sample used is stocks that are included in the LQ-45 list on the Indonesia Stock Exchange. The data analysis technique used to answer the research hypothesis is a paired sample t-test. Finding – the finding in this study are Based on the analysis of paired samples t-test test results show that there is no significant difference in abnormal returns before and after the presidential election event. This is evidenced from the results of paired sample t test testing with a significance level of 0.589 greater than the level of significance that has been set at 0.05.
Peramalan Harga Saham Menggunakan Metode Support Vector Machine (SVM) Dony Abdul Chalid; Vincentius Ryan Cokrodiharjo
Jurnal Pasar Modal dan Bisnis Vol 3 No 1 (2021)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v3i1.59

Abstract

This study aims to analyze the accuracy of the Support Vertor Machine (SVM) model to predict stocks price. A combination of 28 forecasting periods and 30 input period technical indicators was used. Stock transaction data from 31 companies listed on the Indonesian stock exchange and actively traded between March, 2006 and February, 2018 were used. Results show that the highest system performance does not occur when the input period technical indicator is approximately equal to the forecast period. Although, the performance results differ among company stocks. However, the SVM prediction model provides greater profit than buy and hold strategy.
Analisis Teknikal Saham Menggunakan Indikator RSI dan Bollinger Bands pada Saham Konstruksi Revo Gilang Firdaus
Jurnal Pasar Modal dan Bisnis Vol 3 No 1 (2021)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v3i1.60

Abstract

Modern technical analysis research is becoming increasingly popular today, such as the Relative Strength Index and the Bollinger Bands. The research objective was conducted to determine the results of the combination of RSI and BB on construction stocks. The research method was carried out by selecting construction stocks through purposive sampling of four stocks which then applied the RSI and BB indicators. Then the analysis is carried out by looking at the momentum of the combination of the RSI and BB in determining buy and sell. The results showed that the combination of RSI and BB is quite accurate in determining whether to buy or sell, as evidenced by the reflection of the price when it hits the bottom and top of the RSI and BB indicators. Meanwhile, the implication of this research is that investors can determine buying and selling of shares using a combination of RSI and BB indicators and can provide a reference for analysts, both in securities and MI, to provide recommendations forcustomers