Pemilihan Saham Yang Optimal Menggunakan Capital Asset Pricing Model (Capm)

Wibisono, Dioda Ardi; Handayani, Krisnawuri

doi:10.26905/jmdk.v5i1.1315

Cited by 2 publications

(2 citation statements)

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“…In addition, audits must be carried out by competent and independent auditors (Kirana, 2013). Related to Cost of Equity, this study uses measurements with the Capital Asset Pricing Model (CAPM) (Wibisono & Handayani, 2015). The CAPM formula is: EI = Rf + flu (RM, -Rf), where EI: Cost of Equity, Rf: risk-free asset return for period t, flu: beta stock I for period t, RM: return on market portfolio for period t. Rf is a risk free rate that is proxied at a one-month SBI interest rate, in December.…”

Section: Research Methods Population and Methodementioning

confidence: 99%

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2020

EJBIR

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This study aims to analyze the effect of non-financial measures, independent board of commissioners, and audit quality on firm value, with the cost of equity as a moderating variable. The method used in this research is descriptive and verification methods. The data source is secondary data from the annual reports of manufacturing companies in the 2013-2016 period which are listed on the Indonesia Stock Exchange as many as 97 companies with 388 companies. The results showed that there are non-financial measures of customer perspective and internal process perspective, independent board of commissioner, and audit quality significantly influence firm value. Cost of equity as a moderating variable makes the influence of the independent board of commissioner weak against firm value. While the growth and learning perspective variables do not really affect the firm value. Cost of equity strengthens the influence of non-financial measures customer perspective on firm value, while in the internal process perspective, growth and learning of non-financial measures and audit quality are weak. The cost of equity will strengthen variables that can support the wishes of shareholders and will weaken variables that are independent of board of commissioner and audit quality. Other results require large costs to increase firm value. Firm value can be increased by increasing non-financial activities, the number of independent board of commissioner shares and conducting audit quality by reducing the amount of cost of equity that can weaken the value of firm value.

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Section: Research Methods Population and Methodementioning

confidence: 99%

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2020

EJBIR

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“…Beta adalah alat ukur kerentanan (volatilitas) return suatu pasar. Oleh karena itu beta merupakan pengukur risiko sistematis dari suatu sekuritas atau portofolio terhadap risiko pasar (Wibisono, 2017). Beta dihitung dengan menggunakan rumus:…”

Section: Populasi Dan Sampelunclassified

Kajian Conditional Beta di Bursa Efek Indonesia

Rovantiane¹,

Robiyanto²

2021

inobis

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Penelitian ini mengkaji risiko sistematis pada dua periode pasar yang berbeda (bearish dan bullish) di Bursa Efek Indonesia (BEI), serta meneliti apakah terdapat perbedaan risiko sistematis pada kedua periode pasar tersebut. Data yang digunakan dalam penelitian ini adalah data harga saham penutupan harian saham terpilih dan penutupan harian Indeks Harga Saham Gabungan (IHSG) periode 2 Januari 2017 sampai dengan 30 Desember 2020, dengan data yang diperoleh dari Investing.com. Metode pengambilan sampel yang digunakan adalah metode purposive sampling dengan kriteria tidak pernah melakukan stock split, tidak pernah dihentikan sementara (suspensed), dan diperdagangkan secara aktif selama periode pengamatan, agar tidak terjadi bias. Sebanyak 20 saham ditemukan yang memenuhi kriteria tersebut. Hasil penelitian menunjukkan bahwa tidak ada perbedaan antara bull dan bear beta. Kemudian, tidak ada perbedaan antara periode keseluruhan dan bull atau bear beta. Temuan menyiratkan bahwa investor dan manajer portofolio dapat menggunakan semua periode beta sebagai proksi risiko sistematis mereka.

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Pemilihan Saham Yang Optimal Menggunakan Capital Asset Pricing Model (Capm)

Cited by 2 publications

References 1 publication

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Kajian Conditional Beta di Bursa Efek Indonesia

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