ABSTRAKPenelitian ini bertujuan untuk mengetahui ada tidaknya abnormal return setelah peristiwa pengumuman kemenangan Donald Trump, dalam Pemilu Presiden Amerika Serikat 2016 pada saham LQ-45. Penelitian ini menggunakan pendekatan event study, yaitu pendekatan yang digunakan untuk menguji efisiensi pasar bentuk setengah kuat. Sampel yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar pada indeks LQ-45. Expected return dalam penelitian ini dihitung menggunakan market-adjusted model. Berdasarkan hasil uji-t ditemukan bahwa peristiwa pengumuman kemenangan Donald Trump dalam Pilpres Amerika Serikat 2016 menimbulkan reaksi pasar. Reaksi pasar dapat dilihat dari adanya abnormal return signifikan, yaitu pada H+1, H+3, H+4 dan H+5. Ditemukannya abnormal return signifikan pada H+3, H+4 dan H+5 berarti bahwa pasar tidak efisien karena reaksi terjadi berkepanjangan.Kata Kunci : reaksi pasar, efisiensi pasar bentuk setengah kuat, peristiwa politik. ABSTRACTThe purpose of this research is to determine abnormal return which effected after announcement of Donald Trump winning on presidential election of United Stated 2016. This reseach use event study approaching, that used to test semi-strong market efficiency. Sample of this research are company that listed on LQ-45 index. Expected return in this study calculated using market-adjusted model. Based on t-test found that there is market reaction in the announcement of Donald Trump winning on the presidential election of United Stated 2016. Market reaction can be know from significant abnormal return in H+1, H+3, H+4 and H+5. Significant abnormal return in H+3, H+4, and H+5 imply market not efficient because there is long respons reaction.
The research has a purpose to know the influence of dividend payout ratio, debt to equity ratio, return on asset and return on equity to price earning ratio at manufacturing company listed on Indonesian stock exchange.The number of samples used are 36 companies. The analysis technique used is multiple linear regression. The result of analysis shows that Dividend Payout Ratio have positive and significant effect to Price Earning Ratio, Debt to Equity Ratio have negative and significant effect to Price Earning Ratio, Return on Asset has no effect on Price Earning Ratio, Return on Equity has positive and significant effect to Price Earning Ratio.
Investment growth continues to increase every year, no exception to the stock investment instruments. In investing, investors expect the highest return with certain risks that are willing to be borne. This study aims to find out which stocks are included in the optimal portfolio combination, along with the proportion of each fund that will signal the expected return and portfolio risk. The study was conducted on the IDX in the shares of infrastructure, utilities and transportation sector companies for the period of January-December 2017. The data used in the study were secondary data obtained from www.idx.co.id and www.finance.yahoo.com. The sample in the study was the infrastructure, utility, and transportation sector companies which provided a positive expected return during the study period. The results of the study showed that from 31 samples there were 23 stocks that were included in the determination of the optimal portfolio of the Markowitz model. Consists of shares of AKSI, BALI, BUKK, CMNP, CMPP, EXCL, IBST, KOPI, META, NELY, OASA, POWR, RAJA, RIGS, SAFE, SDMU, SHIP, SMDR, TBIG, TLKM, TOWR, TRAM, and WINS. Provide a portfolio expected return of 5.085 percent with a portfolio risk of 0.004 percent. Keywords: Stock Investment, Optimal Portfolio, Markowitz Model
The research about language in use is very important to be developed, it can be applied in every branches of studies for instance in tourism, economics, linguistics, etc. In communication people use language, so that in doing the interaction there are some expressions which have specific functions. This research aims to describe the formulation of language in use in guiding conversation and expressions can be used based on the formulation. The analysis of this research is language in use in guiding conversation. The data of this research were taken from the guiding conversation between guide and the guests during their travel in Ubud-Bali. The language function that can be used in Welcoming Guest at The Airport are expressive function consist of greeting and asking/getting information, informational function, and phatic function. Other than that, the language function used in Escorting the Guest to The Tourist Destination are expressive function, informational function, and directive function. Next, the language function used at Tourist Destination (Monkey Forest) are directive function, informational function, and directive function. The language used in Tourist Destination (Tegalalang Rice Terrace) are informational function, directive function consist of offering and suggestion. Language used in Tourist Destination (Tirta Empul) are informational function. While the language used in taking the Guest back to the Hotel are expressive and phatic function.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.