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Research paper thumbnail of Relevansi Informasi Perbankan Pada Manajemen Perbankan DI Indonesia

Jurnal Muara Ilmu Ekonomi dan Bisnis

Studi ini bertujuan membuktikan digunakannya informasi wajib yang diatur bank sentral (Bank ... more Studi ini bertujuan membuktikan digunakannya informasi wajib yang diatur bank sentral (Bank Indonesia) untuk disampaikan tepat waktu dari periode ke periode, untuk mengendalikan kinerja bank. Laporan 105 bank di Indonesia dari tahun 2000 – 2012 digunakan untuk membuktikan informasi berguna untuk meningkatkan kinerja bank. Kinerja bank diukur dengan RORWA pada periode laporan di analisis dengan analisis regresi berganda terhadap informasi (laporan wajib kepada bank sentral) tentang efisiensi (BOPO), modal (CAR), deposito (DEPOSIT dan DEPOSIT FUNDING), pembiayaan usaha kecil (KUK), likuiditas (LDR), kualitas aset (NPL), dan profitabilitas (NIM dan ROA) yang dilaporkan periode sebelumnya. Hasilnya ditemukan bahwa semua informasi tersebut signifikan mempengaruhi kinerja bank. Semua informasi wajib dan ketat dari perbankan kepada bank sentral ternyata juga digunakan oleh perbankan dalam mengendalikan kinerja bank.

Research paper thumbnail of Opsi Saham Pada Pasar Modal DI Indonesia (Studi Pasar Opsi Saat Pasar Opsi Masih Berlangsung DI Bursa Efek Indonesia)

Jurnal Muara Ilmu Ekonomi dan Bisnis

Stock option exchange market is not working anymore in the Indonesian Stock Exchange, using the d... more Stock option exchange market is not working anymore in the Indonesian Stock Exchange, using the data option exchange market for the running period 2007-2008, we analyzed the effect of stock price, strike price, time to maturity, volatility and risk- free interest rate on the stock option’s price of listed stock call or put option trading at the Indonesian Stock Exchange during 2007-2008. The results found that the stock price, strike price, time to maturity, volatility and risk-free interest rate are positive significantly affecting the stock option price either the buying option price or the selling option price in Indonesia Stock Exchange 2007-2008 period. While there were no variables that significantly affected the call option during the periode 2007-2008, furthermore stock prices and strike prices significantly affected the put option prices. Time to maturity, Volatility, and risk free interest rate did not significantly affect the put option prices.That is why the stock option...

Research paper thumbnail of HERDING BEHAVIOR IN THE INDONESIAN STOCK EXCHANGE: THE ROLES AND CONTRIBUTIONS OF FOREIGN INVESTORS DURING THE PERIOD 2006 TO 2011

Domestic investors in the Indonesian capital market (IDX) growing niche to be very depend on the ... more Domestic investors in the Indonesian capital market (IDX) growing niche to be very depend on the behavior of foreign investors (Panggabean, 2006). It is assumed that most of the domestic investors in the IDX would have been doing this, by the caused by an axiom that the bargaining position of foreign investors is stronger than the domestic investors and other emerging markets [Chen (2001) and Wei, et al. (2009)]. This study try to investigate whether the herd behavior is exist and whether the assumption that the foreign investors have the market by the caused instability [Neal, et al. (2002) and Wang (2000)], is true or just a myth, during the period 2006-2011. There are three objectives of the study: 1) To prove whether the conduct domestic investors herding behavior in IDX 2) To prove whether the trading of foreign investors cause the herding behavior 3) To prove whether the foreign and domestic investors affect the stock volatility. Trading Using the data from 2006 to 2011 it is found the existence of herding behavior in IDX, and moreover using VAR analysis, it also indicates that the occurrence of herding behavior by the caused by negative feedback trading from foreign investors. The volatility analysis using Parkinson and Garman-Klass methods, found the stock volatilities in IDX increased by the caused by the interaction of foreign and domestic investors.

Research paper thumbnail of Relevansi Informasi Perbankan Pada Manajemen Perbankan DI Indonesia

Jurnal Muara Ilmu Ekonomi dan Bisnis

Studi ini bertujuan membuktikan digunakannya informasi wajib yang diatur bank sentral (Bank ... more Studi ini bertujuan membuktikan digunakannya informasi wajib yang diatur bank sentral (Bank Indonesia) untuk disampaikan tepat waktu dari periode ke periode, untuk mengendalikan kinerja bank. Laporan 105 bank di Indonesia dari tahun 2000 – 2012 digunakan untuk membuktikan informasi berguna untuk meningkatkan kinerja bank. Kinerja bank diukur dengan RORWA pada periode laporan di analisis dengan analisis regresi berganda terhadap informasi (laporan wajib kepada bank sentral) tentang efisiensi (BOPO), modal (CAR), deposito (DEPOSIT dan DEPOSIT FUNDING), pembiayaan usaha kecil (KUK), likuiditas (LDR), kualitas aset (NPL), dan profitabilitas (NIM dan ROA) yang dilaporkan periode sebelumnya. Hasilnya ditemukan bahwa semua informasi tersebut signifikan mempengaruhi kinerja bank. Semua informasi wajib dan ketat dari perbankan kepada bank sentral ternyata juga digunakan oleh perbankan dalam mengendalikan kinerja bank.

Research paper thumbnail of Opsi Saham Pada Pasar Modal DI Indonesia (Studi Pasar Opsi Saat Pasar Opsi Masih Berlangsung DI Bursa Efek Indonesia)

Jurnal Muara Ilmu Ekonomi dan Bisnis

Stock option exchange market is not working anymore in the Indonesian Stock Exchange, using the d... more Stock option exchange market is not working anymore in the Indonesian Stock Exchange, using the data option exchange market for the running period 2007-2008, we analyzed the effect of stock price, strike price, time to maturity, volatility and risk- free interest rate on the stock option’s price of listed stock call or put option trading at the Indonesian Stock Exchange during 2007-2008. The results found that the stock price, strike price, time to maturity, volatility and risk-free interest rate are positive significantly affecting the stock option price either the buying option price or the selling option price in Indonesia Stock Exchange 2007-2008 period. While there were no variables that significantly affected the call option during the periode 2007-2008, furthermore stock prices and strike prices significantly affected the put option prices. Time to maturity, Volatility, and risk free interest rate did not significantly affect the put option prices.That is why the stock option...

Research paper thumbnail of HERDING BEHAVIOR IN THE INDONESIAN STOCK EXCHANGE: THE ROLES AND CONTRIBUTIONS OF FOREIGN INVESTORS DURING THE PERIOD 2006 TO 2011

Domestic investors in the Indonesian capital market (IDX) growing niche to be very depend on the ... more Domestic investors in the Indonesian capital market (IDX) growing niche to be very depend on the behavior of foreign investors (Panggabean, 2006). It is assumed that most of the domestic investors in the IDX would have been doing this, by the caused by an axiom that the bargaining position of foreign investors is stronger than the domestic investors and other emerging markets [Chen (2001) and Wei, et al. (2009)]. This study try to investigate whether the herd behavior is exist and whether the assumption that the foreign investors have the market by the caused instability [Neal, et al. (2002) and Wang (2000)], is true or just a myth, during the period 2006-2011. There are three objectives of the study: 1) To prove whether the conduct domestic investors herding behavior in IDX 2) To prove whether the trading of foreign investors cause the herding behavior 3) To prove whether the foreign and domestic investors affect the stock volatility. Trading Using the data from 2006 to 2011 it is found the existence of herding behavior in IDX, and moreover using VAR analysis, it also indicates that the occurrence of herding behavior by the caused by negative feedback trading from foreign investors. The volatility analysis using Parkinson and Garman-Klass methods, found the stock volatilities in IDX increased by the caused by the interaction of foreign and domestic investors.

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