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"Penelitian ini bertujuan untuk menganalisis pengaruh struktur modal terhadap harga saham pada perusahaan non keuangan yang tercatat pada Bursa Efek Indonesia periode tahun 2009-2013. Penelitian ini menunjukan bahwa debt to equity ratio dan debt to asset ratio berpengaruh negatif dan signifikan terhadap harga saham. Penelitian ini mengambil objek penelitian yaitu perusahaan non keuangan yang tercatat pada Bursa Efek Indonesia pada tahun 2009 - 2013.

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This study aims to analyze the impact of capital structure on stock prices of non-financial companies listed on the stock exchanges in Indonesia period 2009-2013. The empirical findings shows that debt to equity ratio and debt to asset ratio performs a negative and significant impact on stock price. The objects taken in this research are non financial companies listed on the Indonesia Stock Exchange in 2009-2013."

"Penelitian ini bertujuan untuk menganalisis pengaruh Struktur modal terhadap harga saham pada perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2010 Sampai dengan 2014. Penelitian dilakukan terhadap seluruh sektor industri non-kenangan; sektor industri pertambangan; sektor infrastruktur, utilitas dan transportasi. Pengujian dilakukan dengan model regresi linear berganda yang menggunakan model Generelized Least Square (GLS). Hasil penelitian ini menemukan bahwa secara simultan struktur modal (Leverage) berpengaruh terhadap harga saham perusahaan di Indonesia. Debt to Equity Ratio (DER) dan Long Term Debt to Equity (LDER) pada ketiga objek penelitian secara signifikan berpengaruh terhadap harga saham. Debt to assets ratio (DAR) Pada penelitian seluruh sektor perusahaan non-keuangan dan sektor infrastruktur, utilitas, transportasi secara signifikan berpengaruh terhadap harga saham sedangkan pada sektor pertambangan menunjukkan hasil yang tidak signifikan. Equity to Assets Ratio (EAR) pada hasil penelitian seluruh sektor perusahaan non-keuangan dan sektor infrastruktur, utilitas, transportasi secara signifikan merniliki pengaruh terhadap harga saham; Sedangkan pada sektor pertambangan menunjukkan hasil yang tidak signifikan terhadap harga saham. Interest Coverage Ratio (ICR) pada seluruh sektor industri non-keuangan dan sektor infrastruktur, utilitas, transportasi memiliki hasil yang tidak signifikan; pada sektor pertambangan ICR merniliki pengaruh terhadap harga saham.

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This study aimed to analyze the effect on the capital structure of the companys stock price Listed in Indonesia Stock Exchange Period 2010 until 2014. The research was conducted on all non-financial industry sectors; sectors of the mining industry; irifrastructure, utilities and transportation. Testing is done with a multiple linear regression model using model Generelized Least Square (GLS). Results of the study found that simultaneous capital structure (Leverage) effect on the company's stock price in Indonesia. Debt to Equity Ratio (DER) and Long Term Debt to Equity (LDER) in the third study area significantly affect stock prices. Debt to assets ratio (DAR) In the study the entire non-financial corporate sector and the irifrastructure sector, utilities, transportation significantly affect stock prices; while in the mining sector showed no significant results. Equity to Assets Ratio (EAR) on the research results throughout the non-financial corporate sector and the infrastructure sector, utilities, transportation significantly have an effect on stock prices; While the mining sector showed results that are not significantly influence stock prices. Interest Coverage Ratio (ICR) on all non­ financial sectors of industry and irifrastructure sectors, utilities, transportation has no significant results; the mining sector showed significant results that have an impact on stock prices."

"Penelitian ini menguji dampak pengumuman private placement terhadap harga saham dan volume perdagangan saham dengan melihat perbedaan abnormal return dan abnormal volume antara sebelum dan sesudah pengumuman private placement. Penelitian ini menggunakan metode studi peristiwa dan menggunakan model pasar dalam menentukan abnormal return. Studi peristiwa dilakukan selama 15 hari sebelum dan 15 hari sesudah pengumuman. Penelitian menggunakan sampel perusahaan yang terdaftar di Bursa Efek Indonesia periode 2010-2016 yang melakukan private placement sebanyak 37 perusahaan. Analisis dilakukan dengan menggunakan uji t satu sampel dan uji t berpasangan. Penelitian ini menemukan bahwa tidak terdapat perbedaan yang signifikan pada abnormal return sebelum dan sesudah pengumuman private placement; dan terdapat perbedaan yang signifikan pada volume perdagangan sebelum dan sesudah pengumuman private placement.

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This study examines the impact of the private placement announcement on stock price and stock trading volume by finding the difference of abnormal return and abnormal volume before and after the private placement announced. This study uses the event study method and using the market model in determining the abnormal return. The event study was conducted during 15 days before and 15 days after the announcement. The study used sample companies listed in Indonesia Stock Exchange 2010 2016 period that does private placement of 37 companies. The analysis was performed by using one sample t test and paired t test. The result indicates that there are no significant differences in abnormal returns before and after the private placement announcement and there are significant differences in trading volume before and after the private placement announcement. "

"ABSTRAKSkripsi ini menguji pengaruh kepemilikan asing terhadap informasi harga saham stock price informativeness pada perusahaan non keuangan yang tercatat di Bursa Efek Indonesia periode 2008-2016. Variabel terikat dalam penelitian ini adalah informasi harga saham SPINFO , variabel bebas terdiri dari kepemilikan asing serta variabel moderating yang terdiri dari ukuran perusahaan, nilai perusahaan, tingkat hutang, likuiditas dan volatilitas.Hasil penelitian menunjukkan bahwa kepemilikan asing dan nilai perusahaan memiliki pengaruh yang signifikan dan memiliki hubungan positif terhadap SPINFO, sedangkan ukuran perusahaan memiliki pengaruh yang signifikan dan memiliki hubungan negatif terhadap SPINFO."

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""ABSTRACT"This study examined the influence of foreign ownership, size, value, leverage, liquidity, and volatility on stock price informativeness of non financial companies in Indonesia Stock Exchange in the period 2008 2013. Dependent variable on this research is stock price informativeness SPINFO , independent variable on this research is foreign ownership and moderating variables consisted of size, value, leverage, liquidity, and volatility.The results of this study finds that foreign ownership and value statistically significant and positively influence the stock price informativeness of non financial companies while size statistically significant and negatively influence the stock price informativeness of non financial companies."

"Stock Split is one of popular corporate action in capital market. Stock Split is the split of a company's existing stock into more shares. Each stockholder would receive an additional share for each share formerly held depend on the ratio of the split. The implication of the stock split is the pace of the stock becomes cheaper than before, this is something worth for the investors. Furthermore, the demand for the stock will be higher, and the price of the stock will up to certain level which means profitable for the investors. Liquidity is the most mainly listed companies's motivation within stock split, since liquidity is the central theme in the secondary market.This research will examines some problems within stock split are :1. Does stock split influences the stock price changes?2. Does composite stock price indices influences the stock price changes?3. Does earning per share influences the stock price changes?Regarding those problems mentioned above, the objective of this research are :1. Analyzing the influence of stock split to the stock price changes.2. Analyzing the influence of composite stock split indices to the stock price changes.3. Analyzing the influence of earning per share to the stock price changes.The period of the stock split study started from January 1 until December 31 on the year 2000. The samples which is used in the study are the stock listed in the Jakarta Stock Exchange minimum 7.5 months before the effective date of the stock split. The study period in this research from July 1 1999 until April 30, 2001. The study period started 7.5 months before the first listed company announce the stock split in the year 2000 and 4.5 months after the last listed company announce the stock split in the year 2000.The Signaling Hypothesis Theory is the foundation of the research, which indicate the stock split announcement intended to rise a positive signal to the investors. A good prospect of the company is something managements objective of the announcement of stock split. In this scheme, stock split will increase the value of the company.Based on the test and analysis of the statistical result, founded some conclusions which are :1. Stock split during the year 2000 has no positive response from investors. It indicates investors judge the stock split has no influence to company's growth profitability signal for the future.2. During study period, earning per share and earning per share changes significantly correlate to the changes of stock price. This result support the previous research such as Benston (1966), Ball & Brown (1988), and Beaver (1968), where earning per share (EPS) as an accounting profit measurement has a significant influence to the changes of stock price.3. Composite stock price indices (IHSG) variable has no significant influence to the relative stock price changes, nevertheless the changes of composite stock price indices's variable has a significant influence to the relative stock price changes.4. All of the independent variables those are earning per share, composite stock price indices, and stock split together have a significant influence to the relative stock price changes.Based on the conclusion above, researcher gives any suggestions or recommendations to the party related the stock split concern to the investment activity at Jakarta Stock Exchange, those are :1. Timing is a determinant factor for the successful of stock split. Successful timing will determined the liquidity of the stock after stock split. For certain level, bearish market will not support the liquidity of the stock after stock split. That's why maintaining the market psychology for the company is relevant.2. Since investing in the common stock related to the prospect of the company, management must consider and managing the fundamental of the company before making a planning of stock split. Prospective fundamental will support the effectiveness and successfull of the stock split.3. Regarding the decrease of the volume of stock trading, management must aware the the decreasing the value of the stock price, which means management must maintain the appropriate level due to the company's performance. Periodic evaluation of the stock price changes must be scheduled.4. During the study period, researcher find an anomaly due to Signaling Hypothesis Theory. For that reason, based on the theory of Efficient Capital Market, stock split should be implemented for the atmosphere of efficient market On that, stock price reflected the real market reaction under stock split.5. Stock split still remain a puzzling phenomenon to financial analyst and also researchers. That's why, next researchers which cover wider data and period including bullish and bearish market are highly importment to discover the phenomenon of stock split."

"ABSTRAKSkripsi ini membahas pengaruh turnover saham terhadap delay harga saham pada perusahaan tercatat di Bursa Efek Indonesia Tahun 2008-2016. Pertama turnover saham didekomposisi menjadi komponen likuiditas, ketidakpastian spesifik perusahaan, dan perhatian investor kemudian diuji pengaruhnya terhadap delay harga saham. Hasil penelitian menunjukkan bahwa turnover saham memiliki pengaruh negatif terhadap delay harga saham yang berarti semakin banyak suatu saham diperdagangkan di pasar maka kemampuan harga untuk menyerap informasi semakin tinggi yang menyebabkan delay harga saham semakin rendah.

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ABSTRACTThis thesis discusses the effect of stock turnover on stock price delay in companies listed in Indonesia Stock Exchange Year 2008 2016. First stock turnover decomposed into a component of liquidity, firm specific uncertainty, and investor attention then tested its effect on stock price delay. The results show that stock turnover has a negative effect on stock price delay which means more stocks are traded in the market makes the ability of the price to absorb the information higher and lowering the delay of stock prices."

"Penelitian ini menyelidiki dampak kekuatan fundamental terhadap risiko crash harga saham di Bursa Efek Indonesia (BEI) dari tahun 2019 hingga 2023. Dengan menggunakan pendekatan kuantitatif, studi ini mengkaji bagaimana profitabilitas perusahaan, situasi finansial, dan efisiensi operasional mempengaruhi risiko crash harga saham. Temuan menunjukkan bahwa indikator fundamental yang lebih kuat, khususnya profitabilitas yang lebih tinggi, secara signifikan berkorelasi dengan risiko crash harga saham yang lebih rendah. Namun, indikator kekuatan fundamental seperti situasi keuangan (likuiditas, leverage, penerbitan common equity) dan efisiensi operasional (perubahan asset turnover ratio dan gross margin ratio) tidak secara signifikan mempengaruhi risiko crash harga saham. Studi ini memberikan kontribusi terhadap literatur dengan memberikan wawasan tentang pasar Indonesia, menyoroti pentingnya mempertahankan fundamental yang kuat, terutama profitabilitas, untuk mengurangi risiko crash harga saham. Hasil penelitian ini berguna bagi investor, manajer keuangan, dan pembuat kebijakan dalam upaya meningkatkan stabilitas pasar dan menginformasikan pengambilan keputusan strategis. Dengan memahami dinamika ini, para pemangku kepentingan dapat lebih baik menavigasi kompleksitas pasar saham dan mengurangi potensi risiko yang terkait dengan fluktuasi harga saham.

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This research investigates the impact of fundamental strength on stock price crash risk in the Indonesian Stock Exchange (IDX) from 2019 to 2023. Using a quantitative approach, the study examines how a company's profitability, financial situation, and operational efficiency affect the risk of a stock price crash. The findings indicate that stronger fundamental indicators, particularly higher profitability, are significantly correlated with lower stock price crash risk. However, fundamental strength indicators such as financial situation (liquidity, leverage, common equity issuance) and operational efficiency (changes in asset turnover ratio and gross margin ratio) do not significantly affect stock price crash risk. This study contributes to the literature by providing insights into the Indonesian market, highlighting the importance of maintaining strong fundamentals, especially profitability, to reduce the risk of stock price crashes. The results of this research are useful for investors, financial managers, and policymakers aiming to enhance market stability and inform strategic decision-making."

"Tesis ini menganalisa pengaruh perubahan regulasi fraksi harga saham dan jumlah lot saham terhadap pola return intraday, volatilitas return, dan volume transaksi saham di Bursa Efek Indonesia. Bipotesis awal diharapkan dengan adanya perubahan regulasi tersebut dapat meningkatkan volume transaksi dan menurunkan risiko volatilitas return saham di Bursa Efek Indonesia. Berdasarkan hasil pengamatan intraday yang dilakukan dengan interval waktu 15 menit terhadap seratus sampel data saham periode 1 Oktober 2013 - 28 Maret 2014, rata-rata volume transaksi meningkat dari 1.205.184 menjadi 1.269.715. Hasil uji statistik t-paired dengan tingkat kepercayaan 95% menyimpulkan bahwa perubahan fraksi harga saham dan jumlah lot saham berpengaruh signifikan terhadap rata-rata volume transaksi di Bursa Efek Indonesia. Basil pengamatan pada periode yang sama menunjukkan penurunan volatilitas return dari 0.0005% menjadi 0.0004%. Namun hasil uji statistik t-paired dengan tingkat kepercayaan 95% menyimpulkan bahwa perubahan fraksi harga saham dan jumlah lot saham tidak berpengaruh signifikan terhadap rata-rata volatilitas return di Bursa Efek Indonesia. Pola return intraday tidak mengalami perubahan dengan adanya regulasi fraksi harga saham dan jumlah lot saham yang baru, dimana rata-rata return intraday tertinggi pada akhir periode perdagangan di Bursa Efek Indonesia.

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This research analyzes the effect of regulatory changes and the fraction of the stock price of the stock and also lot size to patterns intraday returns, volatility return, and volume of stock transactions in Jakarta Stock Exchange. Expected with the initial hypothesis that regulatory changes could increase the volume of transactions and lowering the risk of stock return volatility in the Jakarta Stock Exchange. Based on observations made with the intraday 15-minute time interval of the one hundred shares data samples period October 1, 2013- 28 March 2014, the average transaction volume increased from 1,205,184 into 1,269,715.

Results of paired t-test statistic with 95% confidence level conclude that the change in the fraction of the stock price and stock lot size significantly influence the average transaction volume in the Jakarta Stock Exchange. Observations during the same period showed a decrease in return volatility from 0.0005% to 0.0004%. However, the results of paired t-test with a statistical confidence level of 95 % concluded that the change in the fraction of the stock price and stock lot size does not significantly influence the average return volatility in the Jakarta Stock Exchange. lntraday return pattern does not change with the regulations fractions stock price and lot size, where the highest average intraday return happened at the end of the trading period in Jakarta Stock Exchange"

"Penelitian ini bertujuan untuk melihat pengaruh pandemi COVID-19 terhadap spread harga saham perusahaan konstruksi di Indonesia dengan periode tahun 2020 – 2021. Penelitian ini menggunakan sampel yang berasal dari 29 perusahaan konstruksi yang terdaftar pada Bursa Efek Indonesia dalam kurun waktu 2020 – 2021. Jenis data pada penelitian ini adalah unbalanced panel data yang diolah menggunakan regresi panel data fixed effect model. Ukuran spread harga saham yang digunakan adalah pengukuran bid- ask spread. Dari penelitian ini dihasilkan temuan bahwa tidak terdapat pengaruh pertumbuhan angka kasus dan kematian COVID-19 terhadap spread harga saham perusahaan konstruksi di Indonesia pada periode tahun 2020 – 2021.

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This study aims to examine the effect of the COVID-19 pandemic on the stock price spread of construction companies in Indonesia for the period 2020 – 2021. This study uses samples from 29 construction companies listed on the Indonesia Stock Exchange in the period 2020 – 2021. Types of data in this study, unbalanced panel data was processed using fixed effect panel data regression model. The measure of the share price spread used is the measurement of the bid-ask spread. From this study, it was found that there was no effect of the growth in the number of cases and deaths of COVID-19 on the share price spread of construction companies in Indonesia in the period 2020-2021."

"Penelitian ini menguji pengaruh market timing terhadap manajemen laba dan konsekuensi yang dihadapi manajemen ketika tidak menjalankan strategi timing earning. Data yang digunakan adalah data perusahaan manufaktur terdaftar di BEI pada periode 2007-2009 yang memenuhi kriteria saham aktif. Penelitian ini mengacu pada penelitian yang dilakukan oleh Chen et al. (2011) dengan model estimasi manajemen laba berdasarkan model performance-matching (Kothari et al., 2005). Hasil penelitian menunjukkan bahwa market timing tidak berpengaruh signifikan terhadap manajemen laba. Lebih lanjut, penelitian ini tidak menemukan pengaruh market timing yang signifikan terhadap manajemen laba ketika valuasi ataupun profitabilitas digunakan sebagai pemoderasi. Hasil penelitian juga tidak menemukan adanya indikasi bahwa perusahaan yang tidak menjalankan timing earning lebih berpeluang melakukan pergantian direktur utama secara paksa. Hasil penelitian bersifat robust ketika model estimasi manajemen laba diganti dengan model modified Jones (Dechow et al., 1995) ataupun Kasznik (Kasznik, 1999).

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This study investigates the impact of market timing on earning management and timing earning consequences on CEOs who do not follow that strategy. This study uses the data of IDX listed manufaturing firms from 2007-2009 which qualify active criteria. This study refers to Chen et al. (2011) with the model to estimate earning management based on performance-matching model (Kothari et al., 2005). The result shows that market timing has no significant impact on earning management. Moreover, this study doesn?t find significant impact of market timing on earning management when either valuation or profitability is used to moderate the impact. The study also does not find any indication that the company which not following timing earning strategy will be more likely to have a forced CEO turnover. The result of this study is robust when earning management estimation model is replaced by modified Jones (Dechow et al., 1995) or Kasznik model (Kasznik, 1999)."