LQ45 Index Research Articles

Analisis Peramalan Harga Saham Dengan Metode Arima Terhadap Keputusan Investasi Pada Perusahaan Perbankan Dalam Indeks LQ45

Every trader or investor in buying shares will always confused with the highly volatile stock price movements, this is causes traders or investors to be careful in choosing prices on when entering to buy shares. ARIMA price forecasting method is a forecasting method that traders and investors can use to help make decisions.This study is a descriptive study with a quantitative approach with the aim of analyzing, explaining, and concluding the analysis of price forecasting using the ARIMA (Autoregressive Integrated Moving Average) method on investment decisions in banking companies listed in the LQ45 index on the Indonesia Stock Exchange. The data collection technique in this study is documentation of the LQ45 Banking Index Stock Price on the Indonesian Stock Exchange.The results obtained in this study are that the model used in forecasting banking stock prices is the best model, the models include BBCA ARIMA (5.2.0), BBRI ARIMA (5.2.0), BMRI ARIMA (5.2, 0), BBNI ARIMA (2,2,0), and BBTN ARIMA (5,2,0). BBCA's share price decreased by -14.9%. BBRI's share price decreased by -5.8%. BMRI's share price decreased by -6.8%. BBNI's share price decreased by -58.5%. BBTN's share price decreased by -18.8%.106. Investors should not buy shares in banking stocks listed in the LQ45 index. This is because prices tend to fall and make investors suffer losses. However, if trading or investing in the near future, investors will buy shares of BBRI and BBTN companies, because within 1 month the shares will increase and investors or traders can get capital gains.

Phenomenon of Average Stock Returns of LQ45 Index Companies in 2017-2022

Phenomenon of Average Stock Returns of LQ45 Index Companies in 2017-2022

The Investment Risk Effect of Stock Returns In LQ-45 Index Companies on Foreign and Domestic Investors

The Investment Risk Effect of Stock Returns In LQ-45 Index Companies on Foreign and Domestic Investors

The Role of Corporate Governance in Enterprise Risk Management (ERM) Disclosure

The purpose of this study is to determine the effect of the existence of the risk management committee, the reputation of the auditor, and the size of the board of commissioners on the disclosure of enterprise risk management (ERM). The existence of the risk management committee is measured by a dummy variable proxy, Which is used to gauge auditor reputation, and the total number of commissioners on the board is used to gauge the board's size. The measurement of ERM disclosure as a dependent variable is measured by disclosure items based on the ERM Framework issued by COSO (2004). Using the purposive sample approach, this study examined a subset of businesses that were listed in the LQ45 Index from 2012 to 2014. The data used is obtained from the annual report listed on the Indonesia Stock Exchange. There were 15 companies during 2012-2014 that met the criteria. The analysis method used is multiple linear regression analysis. The results showed that the existence of the risk management committee and the reputation of the auditor had a significant effect on the disclosure of enterprise risk management, while the size of the board of commissioners did not have a significant effect on the disclosure of enterprise risk management.

Covid-19 Shockwaves Disrupted the Indonesian Capital Market

This study examines the impact of the Covid-19 pandemic on the Indonesian capital market by analyzing abnormal returns and trading volume activity in the LQ45 index stock group from 2018 to 2020. Using secondary data and a purposive sampling method, the research employs Paired Sample t-Test for hypothesis testing. The results show significant differences in abnormal returns and trading volume activity before and during the pandemic, indicating a strong market reaction to Covid-19. These findings underscore the need for strategies to mitigate the effects of global disruptions on the market. Highlights: 1. Market Reaction: Significant changes in abnormal returns, trading volume during Covid-19.2. Methodology: Uses secondary data, Paired Sample t-Test for analysis.3. Focus: Examines LQ45 index stocks, daily prices, and volumes 2018-2020. Keywords: Event Study, Covid-19 Impact, Indonesian Capital Market, Abnormal Returns, Trading Volume

Unraveling Indonesia's Stock Market Dynamics for Global Insights

This study examines stock price dynamics in the LQ-45 index on the Indonesia Stock Exchange from 2017 to 2021, focusing on factors like inflation, interest rates, Earning Per Share (EPS), and Price Earning Ratio (PER). Using quantitative methods and data from annual reports and official sources, the research found that inflation and interest rates had no significant impact on stock prices, while EPS and PER showed a positive and significant influence. These findings contribute to understanding stock market behavior and can guide companies and investors in making informed decisions. Highlight: Stock Price Trends: LQ-45 index insights on market dynamics. Economic Influences: Examining inflation and interest rates' impact. EPS and PER Impact: Significant role in stock valuation revealed. Keyword: Stock Prices, LQ-45 Index, Indonesia Stock Exchange, Inflation, Earning Per Share (EPS)

Key Financial Ratios Drive Earnings Management in Indonesian Firms

This study investigates the impact of leverage, profitability, liquidity, total asset turnover, and free cash flow on earnings management in LQ45 index companies from 2019 to 2021. Using a sample of 23 companies selected through purposive sampling and analyzed with multiple linear regression via SPSS version 26, the results show that leverage, total asset turnover, and free cash flow significantly influence earnings management, while profitability and liquidity do not. These findings highlight key financial indicators that can signal earnings management practices, providing useful insights for investors, regulators, and auditors. Highlights: 1. Influential Factors: Leverage, asset turnover, and free cash flow affect earnings management.2. Non-influential Factors: Profitability and liquidity don't affect earnings management.3. Practical Use: Insights help investors, regulators, auditors detect earnings management. Keywords: Leverage, Profitability, Liquidity, Total Asset Turnover, Free Cash Flow

The Effect of Liquidity and Capital Intensity on Tax Aggressive through Intellectual Capital

Taxes are the main source of income for a country which is used for development, but in recent years the realization of tax revenues in Indonesia has still been far below the target. One indication is that there are aggressive tax practices to avoid paying taxes by several companies. Tax aggressiveness is an action taken by taxpayers to aggressively reduce the amount of tax they have to pay by taking advantage of loopholes in tax law, whether legal or not. This research aims to understand the impact of liquidity and capital intensity on aggressiveness in paying taxes through intellectual capital as a mediating variable. The population was taken from company entities listed on the LQ45 Index on the IDX. The sampling method used was a purposive sampling method so that 45 companies were obtained for 3 years (2020-2022). The research results found that liquidity and intellectual capital did not have a significant effect on tax aggressiveness. Capital intensity has a significant effect on tax aggressiveness. Liquidity and capital intensity have a significant effect on intellectual capital. However, liquidity and capital intensity do not have a significant effect on tax aggressiveness through intellectual capital.

The Influence of Integrated Reporting and ESG Risk on Sustainable Development Goals in LQ45 Index Companies for the 2020-2022 Period

This study aims to analyze the influence of integrated reporting and ESG risks on sustainable development goals in companies listed in the LQ45 index for the 2020-2022 period. This research method uses a quantitative approach by collecting data from financial reports and company sustainability reports. Integrated reporting is measured using indicators of integrated reporting elements and ESG risks are taken based on risk assessments related to the environment, social and corporate governance published by the IDX in collaboration with Morningstar Sustainalytics. The sampling method used purposive sampling and 36 companies were observed within 3 years so that the resulting data was 108. The results of this research show that integrated reporting has a significant positive influence on sustainable development goals. However, ESG risks have no effect on sustainable development goals. Therefore, companies need to implement integrated reporting practices in contributing to the SDGs.

The Influence of Agency Cost, Intellectual Capital, Managerial Ownership, and Institutional Ownership on Firm Value with Financial Performance As a Moderating Variable in LQ45 Companies Listed on the BEI in 2020--2022

This research aims to test and analyze the influence of agency costs, intellectual capital, managerial ownership, and institutional ownership on firm value with financial performance as a moderating variable. The population in this study are LQ45 index companies listed on the Indonesia Stock Exchange (BEI) for the 2020–2022 period. This research used a purposive sampling technique with a sample size of 18 companies for three consecutive years for a total of 54 observations. Partial research results show that agency costs and intellectual capital have no effect on firm value. Meanwhile, managerial ownership and institutional ownership have a positive effect on firm value. Financial performance is unable to moderate the influence of agency costs on firm value, nor is it able to moderate the influence of intellectual capital on firm value. However, financial performance can moderate the influence of managerial ownership and the influence of institutional ownership on firm value. Keywords: agency cost, intellectual capital, managerial ownership, institutional ownership, firm value, financial performance

Optimalisasi Nilai Perusahaan Melalui Struktur Modal, Perencanaan Pajak, dan Pertumbuhan Penjualan: Peran Kinerja Keuangan sebagai Variabel Moderasi

This research aims to determine the influence of capital structure, tax planning and sales growth on company value with financial performance as a moderating variable in LQ45 index companies. This type of research is quantitative using secondary data obtained from the Indonesian Stock Exchange (BEI) and the website of each company and the analysis technique used in this research uses multiple linear regression and Moderated Regression Analysis (MRA) with the help of the E-views version of the software. 9. Research was conducted on LQ45 index companies. The data sampling technique used purposive sampling, the research samples were 13 companies with observations for 5 years 2018-2022. The results of this research show that partially, capital structure has a negative effect on company value. Partially, tax planning has no effect on company value. Partially, Sales Growth has no effect on Company Value, Simultaneously the variables capital structure, tax planning and sales growth influence company value, company performance as a moderating variable influences company value, and in model 2 the interaction of capital structure and company performance influences company value.

Capital Market Reaction to the Strengthening of the Rupiah Exchange Rate against the US Dollar Exchange Rate

The purpose of this study is to analyze the response of Indonesian capital markets to differences in average abnormal returns and average trading volume activity before and after the strengthening of the IDR/USD exchange rate. This study is a quantitative study using the event study method. The sample used consists of the stocks included in the LQ45 index. the most active stocks with a large daily trading volume. Hypothesis testing and paired t-test. The results of the hypothesis test show that: there is no significant difference in the average abnormal returns before and after the strengthening of the rupiah against the US dollar because are sig. (2-tailed) value of 0.417 > 0.05; there is no significant difference in the average trading volume activity before and after the strengthening of the rupiah against the US dollar because sig. (2-tailed) value of 0.080 >0.05. Keyword: Market Reaction; Event Study; Abnormal Return; Trading Volume Activity; Exchange Rate

FAKTOR – FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN INDEX LQ45

The study was conducted to obtain empirical evidence of the effect of profitability. liquidity. Solvency, firm size. and dividend policy on firm value in companies listed on the LQ45 Index for the 2016 – 2019 period. The research design used is descriptive research using purposive sampling method and obtained 17 companies. This study uses multiple regression analysis which helps with the Eviews 10 application to test the data. The results obtained by the variables of profitability, solvency and firm size are able to have an influence on the firm value variable. This study also did not find a significant effect for liquidity and dividend policy. The implication of this research is the need for the company's attention to produce the ideal ratio, especially for profitability, solvency, and company size which will affect the value of the company and will provide a good signal for investors.

Implementation of Tax Incentives on Issuers' Financial Ratios: Reduction and Reaction

This study aims to analyze whether the implementation of reduction (deduction) of tax incentives has or does not have a reaction (influence) on the financial ratio (ROE) of shares of IDX issuers LQ45 Index during the COVID-19 outbreak in 2022. The study employs a hypothesis testing approach with classical assumption tests and simple regression analysis, focusing on secondary data from the LQ45 index during the 2022 Covid-19 outbreak. It examined a population of 45, using 36 samples that met specific criteria. A simple linear analysis model was used to investigate the impact, if any, of tax incentive reductions on the financial ratio (ROE) of the issuers' stocks. This study, which uses simple regression analysis, reveals that the implementation of tax incentive reductions made by the Indonesian government does not react (influence) on the financial ratio (ROE) of IDX-listed stocks in the LQ45 Index during the COVID-19 outbreak in 2022. The study suggests that the Indonesian government's tax incentive reductions may not impact the financial ratios (ROE) of companies listed on the IDX, particularly in the LQ45 Index during the Covid-19 outbreak in 2022. This lack of impact is attributed to companies not utilizing these incentives, possibly due to insufficient awareness of their benefits and challenging criteria set by the government for obtaining these incentives. Despite common beliefs that tax incentives can influence financial performance, this study indicates they might not significantly affect the financial ratios of these companies. The real implications is research indicates that the Indonesian government's reduction of tax incentives did not elicit a response in the financial ratio (ROE) of shares issued by LQ45 Index companies on the Indonesia Stock Exchange during the Covid-19 outbreak in 2022. This suggests that the implementation of tax incentive cuts by the Indonesian government had no impact on the financial ratio (ROE) of LQ45 issuer shares during the Covid-19 outbreak in 2022, based on a sample size of 36.

THE INFLUENCE OF PROFITABILITY RATIO ON THE STOCK PRICE OF COMPANIES LISTED IN THE LQ45 INDEX

The 45 most traded or highly liquid equities make up the LQ45 index, a stock index on the Indonesian Stock Exchange. Shares listed on the LQ45 Index change periodically according to the trading volume of the issuer's shares. Investors can analyze the financial performance of the LQ45 Index and one way to analyze financial performance is to use profitability ratios. The objects of this research are companies listed in the LQ45 index from 2020-2022. The firms that are regularly listed in the Indonesian Stock Exchange's LQ45 Index comprise the research population. Purposive sampling, which is nonprobability sampling, was the sample technique employed in this study. The study's findings indicate that stock prices are somewhat impacted by return on equity, or ROE.

Enhancing the Appeal: Impact of Economic Value, Market Value, Return Equity, and Total Assets Turnover on Stock Prices

This research aims to determine the influence of economic value added, market value added, return on equity, and total asset turnover on stock prices. The population in this study was companies that were included in the LQ45 index, and the companies selected as research samples were 22 companies. The sampling technique uses a purposive sampling technique. Data were analyzed using descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, and hypothesis testing using the t-test and determination test. The research results show that partial economic value added and total asset turnover do not affect stock prices; market value added has a positive and significant effect on stock prices, while return on equity has a negative and significant effect on stock prices. Managerial implications, emphasizing the significance of enhancing economic value, market value, ROE, and total assets turnover to drive stock price performance. Managers should focus on strategies that improve these metrics and enhance shareholder value and market competitiveness. Understanding the interplay between economic values. Total assets turnover is vital for effective managerial decision-making in the stock market realm. This study delves into the implications of these factors on stock prices for managers navigating the complexities of financial markets

Pengaruh Intervensi Pemerintah dalam Penanganan Covid-19 Terhadap Return Saham

Purpose – This research aims to obtain empirical evidence regarding the influence of government intervention in handling Covid-19 on stock returns.Design/methodology/approach – This research was conducted on companies listed on the LQ45 index of the Indonesia Stock Exchange for 2020-2021. The total number of observations was 43 companies obtained using the purposive sampling method. This research is quantitative using multiple linear regression analysis techniques. The dependent variable in this research is stock returns. The independent variable used is government intervention consisting of social restriction policies, prevention and health policies, and economic support. Three control variables are also used, namely company size, profitability (ROA), and leverage (DER).Findings – The research results show that social restriction policies and economic support have a positive effect on stock returns, while prevention and health policies have a negative effect on stock returns.Originality/value – This research is initial research that provides evidence of the influence of government intervention in handling Covid-19 on stock returns in Indonesia by utilizing the OxCORT index.Research limitations/implications – The implication of this research is that investors can anticipate increases and decreases in company share prices by considering several indices related to government intervention. The coverage area used is only limited to Indonesia.

The Comparison of Investment Portfolio Optimization Result of Mean-Variance Model Using Lagrange Multiplier and Genetic Algorithm

Investment portfolio optimization is carried out to find the optimal combination of each stock with the aim of maximizing returns while minimizing risk by diversification. However, the problem is how much proportion of funds should be invested in order to obtain the minimum risk. One approach that has proven effective in building an optimal investment portfolio is the Mean-Variance model. The purpose of this study is to compare the results of the Mean-Variance model investment portfolio optimization using Lagrange Multiplier method and Genetic Algorithm. The data used are stocks that are members of the LQ45 index for the period February 2020-July 2021. Based on the research results, there are five stocks that form the optimal portfolio, namely ADRO, AKRA, BBCA, CPIN, and EXCL stocks. The optimal portfolio generated by the Lagrange Multiplier method has a risk of 0.000606 and a return of 0.000726. Meanwhile, using the Genetic Algorithm resulted in a risk of 0.000455 and a return of 0.000471. Thus, the Genetic Algorithm method is more suitable for investors who prioritize lower risk. Meanwhile, the Lagrange Multiplier method produces a relatively higher risk, making it less suitable for investors who expect a small risk.

Reaksi Pasar Modal terhadap Kenaikan Suku Bunga Acuan oleh The Fed tanggal 16 Juni 2022

The research aims to examine whether the Indonesian capital market reacts to the increase in benchmark interest rates by The Fed on June 16, 2022. The event study method is used with an observation period of 107 days, where 100 days are the estimation period and 7 days are the event period. The research sample consists of companies listed in the LQ45 Index from February 2022 to July 2022. The sampling method used is purposive sampling. Market reactions are measured by Cumulative Abnormal Return (CAR) using the mean adjusted model. Data analysis is conducted using the one-sample t-test. The results indicate that there is no significant negative reaction in the Indonesian capital market regarding the increase in benchmark interest rates by The Fed.

Stock Price Synchronicity And Institutional Ownership: The Role Of Sustainability Reporting, Political Connection, And Leverage

This research study is aimed to evaluate how institutional ownership affects the degree of correlation among stock prices, as well as the influence of sustainability reporting, political connections, and leverage. The study takes sample data from companies that were on the LQ45 index at the end of the year, or December 31, for the years 2019–2022 using purposive sampling method. Hypothesis testing uses a multiple linear regression analysis model in the form of a moderated regression analysis (MRA) to test moderator variables. The findings indicated that leverage has negative effect on stock price synchronicity, while neither sustainability reporting nor political connections influenced stock price synchronicity. Institutional ownership as a moderating variable is able to strengthen the negative influence of leverage on stock price synchronicity, On the other hand, the presence of institutional ownership does not have an ability to impact the correlation between sustainability reporting and political relationships on stock price synchronicity