Hasil Pencarian  ::  Simpan CSV :: Kembali

Abstrak :
OJK mengatur regulasi pasar modal untuk menjaga stabilitas pasar modal Indonesia terutama pada saat kondisi berfluktuasi, salah satunya melalui kebijakan share repurchase. Penelitian ini bertujuan untuk menganalisis hubungan share repurchase dan likuiditas terhadap volatilitas saham. Sampel penelitian dipilih dengan teknik purposive sampling dan terdapat 137 sampel yang memenuhi kriteria. Analisis data menggunakan regresi linear berganda. Hasil penelitian ini menunjukkan bahwa share repurchase berpengaruh negatif secara signifikan terhadap volatilitas saham dan likuiditas berpengaruh positif secara signifikan terhadap volatilitas saham. Temuan ini mengindikasikan bahwa share repurchase dapat dijadikan pertimbangan bagi perusahaan untuk upaya meredam volatilitas saham, serta perlu memperhatikan kondisi likuiditas saham sebagai faktor yang mempengaruhi fluktuasi harga saham. ...... FSA oversee capital market regulations to maintain the stability of Indonesian capital market especially during unstable condition, which is through share repurchase policy. This study aims to analyze the relationship between share repurchase and liquidity on stock volatility. The research sample was selected using purposive sampling technique and there were 137 samples that met the criteria. Data analysis was performed using multiple linear regression. The results of this study indicate that share repurchase has a significant negative effect on stock volatility and liquidity has a significant positive effect on stock volatility. These findings indicate that share repurchase can be considered for companies to reduce stock volatility, and need to pay attention to stock liquidity condition as a factor that affecting stock price fluctuations.

Abstrak :
Penelitian ini bertujuan untuk mengidentifikasi adanya kausalitas antara volatilitas harga saham dan siklus bisnis dengan menggunakan proxy industrial production growth rate. Penelitian ini menggunakan indeks saham dan industrial production index dari negara ASEAN 5 yakni Indonesia, Malaysia, Thailand, Singapura, dan Filipina. Periode penelitian ini adalah 2001-2015: 15, terbagi menjadi beberapa 5 kelompok periode untuk mempelajari dampak krisis yang terjadi pada 2001-2002 dan 2008-2009. Hasilnya penelitian ini menemukan adanya beberapa kausalitas baik yang hanya bersifat satu arah atau dua arah dan adanya efek krisis yang membuat kausalitas semakin signifikan. Contoh pengaruh satu arah seperti di Indonesia hanya terdapat pengaruh volatilitas harga saham terhadap siklus bisnis sementara Thailand yang memiliki pengaruh dua arah antara volatilitas harga saham dan siklus bisnis.

---

This Study is aimed to identify the existence of causality relationship between stock volatility and business cycle which is estimated by industrial production growth rate. This Research uses stock market indexes and industrial production indexes data based on ASEAN 5 countries that are Indonesia, Malaysia, Thailand, Singapore, and Philippine. Period being studied in this research is 2001-2015: 15, which is divided into 5 group that aimed to discover the impact of crisis in 2001-2002 and 2008-2009. The result shows that there are some causality which only have single direction and dual direction, there are enhanced value of causality probability when crisis is included in the period of study. One of country that only show single direction relation is Indonesia which has stock market volatility that causes business cycle. While bi-directional causality found in Thailand.

Abstrak :
Purpose of the study is to examine two variables, market value and earning per share, which are influencing the length of holding period for stocks investment....