AbstrakPengambilan sampel menggunakan purposive sampling dan di dapatkan 24 saham yang memenuhi kriteria dari 45 saham Indeks LQ 45 sebagai sampel. Sehingga, jumlah sampel yang diteliti adalah 144 saham selama 6 tahun. Metode penelitian yang digunakan adalah analisis regresi linear berganda yang menguji signifikan atau tidaknya variabel bebas terhadap variabel terikat. Berdasarkan hasil diketahui bahwa R menunjukkan bahwa terdapat hubungan yang ideal dari Inflasi, Suku Bunga, Nilai Tukar Rupiah dan Jumlah Uang Beredar terhadap Return saham pada Indeks LQ 45. R square menunjukkan bahwa inflasi, suku bunga, nilai tukar rupiah dan jumlah uang beredar dapat menerangkan return saham pada Indeks LQ 45. Berdasarkan uji F menunjukkan bahwa inflasi, suku bunga, nilai tukar rupiah dan jumlah uang beredar mempunya pengaruh yang signifikan terhadap returm saham indeks LQ 45 yang terdaftar pada Bursa Efek Indonesia. Hasil uji T menunjukkan bahwa variabel tingkat inflasi mempunyai pengaruh negative signifikan terhadap return saham dan suku bunga mempunyai pengaruh positif signifikan terhadap return saham sedangkan nilai tukar rupiah dan jumlah uang beredar mempunyai pengaruh yang tidak signifikan terhadap return saham indeks LQ 45 yang terdaftar pada Bursa Efek Indonesia. Kata Kunci: Return Saham; Tingkat Inflasi; Tingkat Suku Bunga Influence of inflation and interest rate and rupiah exchange rate and money supply to stock return Abstract Its Sampling using purposive sampling and get the 24 stocks that meet the criteria of 45 stocks LQ 45 as a sample. Thus, the number of samples studied was 144 shares for 6 years. The method used is multiple linear regression analyzes that examine whether or not a significant variable -the independent variable on the dependent variable. Based on the results known that R indicates that there is an ideal relationship of Inflation, Interest Rate, Exchange Rate and Money Supply toward to Return shares in LQ 45. R square indicates that the variable inflation rates, interest rates, the value of exchange rate and the money supply can explain the variable return shares at LQ 45 index. Based on F test indicates the same that the variable inflation rate, interest rate, exchange rate and money supply have a significant influence on shares returns in LQ 45 listed on Indonesia Stock Exchange. The results of T test showed that the rate of inflation significant and negative effect on shares returns and interest rates positive and significant effect on shares returns while exchange Rate and the money supply no significant effect on shares returns in LQ 45 Listed on Indonesia Stock Exchange.

This study aims to obtain empirical evidence and analyze differences in abnormal retruns, tranding volume, and bid-ask spreads on companies that grow and companies do not grow before and after the announcement of a stock split and to know the average abnormal retrun and average tranding volume stock and average daily bid-ask spread of share around stock split announcements. This study uses 66 companies listed on the Indonesia Stock Exchange which carried out a 2013-2019 stock split period. Companies grew to 48 companies and 18 companies did not grow. Categorizing cpmpany growth an growth using the ISO (Investment Opportunity Set) proxy MVE/BVE (Market Vakue For Equity Book) Proxy. Data Collection techniques in this study were carried out using a purposive sampling method base on secondary data availabel on the Indonesia Stock Exchane. The method of analysis use the Pried Test t-test sample, Wilcoxon Signed Rank Test and Multiple Regression with IBM SPSS version 22.This study shows that there are significant differnces in bid-ask spreads, friendly tranding volume in companies growing and not growing before and after the stock split, and there are significant abnormal retrun differnces in reef companies but there are not significant differences in companies not growing before and after a stock split and there is a significant influence of average abnormal retrun and the average trading volume of shares simultaneously on the average bid-ask spread around the annoucement of a stock split.

Happiness, human development, level of competitiveness, and capacity in innovation all play an important role in spurring long-term sustainable economic growth. This study presents the relationship between these factors—happiness, human development, competitiveness, and innovation in the ASEAN region—in how they influence economic growth. To date, there has been a lack of research on this specific issue, and thus it is an interesting and little-known one to study. Panel data were used comprising a combination of time series and cross-sections. The object of the study was ASEAN member countries using the multiple linear regression method. For the years of 2013–2019, we found that overall economic growth had a real impact. The results showed that human development and global innovation are two-way related to economic growth (positive and significant). Conversely, there was an insignificant influence of happiness and competitiveness on economic growth. Competitiveness, in particular, can reduce the level of economic growth. The policy considerations pursued by countries in ASEAN are through the respective governments’ strategic steps to improve the productivity of their populations, because human resources are needed not only as objects but actors in economic activities themselves in managing development.

No abstract

AbstrakPenelitian ini bertujuan untuk menganalisis kinerja keuangan meningkat atau menurun jika ditinjau melalui likuiditas, solvabilitas dan rentabilitas pada Bank BNI dibandingkan dengan Bank BNI Syariah periode 2013-2015. Dalam penelitian ini menggunakan tiga rasio yaitu rasio likuiditas (current ratio dan Loan to Deposit Ratio), rasio solvabilitas (Debt to Equity Ratio dan Capital Adequacy Ratio) dan rasio rentabilitas (Return on Assets dan Retun on Equity). Hasil penelitian pada rasio likuiditas pada Bank BNI dan Bank BNI Syariah pada tahun 2013-2015 dilihat dari hasil perhitungan rata-rata pada Bank BNI (115,43%) dan Bank BNI Syariah (110,5%) adalah Kurang Baik yang mana menurut kriteria Bank Indonesia adalah > 125%. Sedangkan rata-rata loan to deposit ratio pada Bank BNI (87,3%) dan Bank BNI Syariah (94,13%) adalah baik yang mana menurut kriteria Bank Indonesia adalah Baik karena > 78%. Rasio solvabilitas pada Bank BNI dan Bank BNI Syariah pada tahun 2013-2015 dilihat dari analisis debt to equity ratio kinerja keuangan rata-rata perhitungan dari Bank BNI (616,54%) dan Bank BNI Syariah (269,08%) adalah Baik yang mana menurut kriteria Bank Indonesia adalah baik karena > 8%. Kata Kunci: Kinerja keuangan; rasio likuiditas; rasio solvabilitas dan rasio rentabilitas Comparative analysis of bank financial performance through solvability and profitability liquidity approach Abstract The purpose of this reasearch is to analyze financial performance has increased or decreased through the liquidity, solvency and profitability approach of Bank BNI Bank BNI Syariah period 2013-2015 In this study using three ratios such as liquidity ratio (current ratio and loan to deposit ratio), the solvency ratio (Debt

<p align="justify"><em>This study aims to analyze the effect of market timing ability and fund size of mutual funds on the performance of equity funds. This research was conducted at a mutual fund company registered in the Financial Services Authority (OJK) 2018-2019 period. This study uses purposive sampling with a total sample of 65 mutual fund shares. The type of data used is quantitative data and data sources in the form of company annual financial statements. Data analysis tools used are descriptive statistics and panel data regression. The results of this study indicate that the market timing ability has a significant positive effect on the mutual fund performance and the fund size has a significant negative effect on the mutual fund performance.</em></p>

No abstract

Profits that are calculated to finance unexpected cash need expedite management. This paper investigates the effect of corporate governance on cash holdings with systematic risk as a moderating variable. The population consists of companies from the property and real estate sectors listed on the Indonesia Stock Exchange (IDX) during 2012–2020. Through the purposive sampling technique, the sample obtained 41 companies as the study object. Data analysis is focused on panel data and its interpretation through the Moderated Regression Analysis (MRA). Hypothesis testing uses statistical terms at the 5% probability level. Important findings underline that corporate governance has a positive significant effect on cash holdings, while systematic risk has a negative insignificant effect. On the other hand, the moderation between corporate governance and cash holdings through systematic risk is positive significant. Systematic risk reflects the reliability of a stock; when the risk is higher, it tends to increase in cash flow situations, and investors prefer high-risk investments with the expectation of profit from returns. It is hoped that future contributions will serve as reference material for academics, government, and companies engaged in the financial service sector.