BibTex Citation Data :
@article{JBS14509, author = {Dodie Wibowo}, title = {ANALISIS RESIKO SISTEMATIK SAHAM BIASA YANG DIKELUARKAN DARI LANTAI BURSA : Studi Empiris di Bursa Efek Jakarta}, journal = {JURNAL BISNIS STRATEGI}, volume = {8}, number = {6}, year = {2017}, keywords = {beta, delisting, financial leverage, standard deviation of stock returns and correlation with market portofolio returns}, abstract = { The aim of this research is to provide an additional empirical evidence to the companies concerning systematical risk effect of general stock issued from the stock exchange at the Jakarta Stock Exchange. It was done by analyzing the financial leverage effect, the stock return standard deviation and the stock return correlation against the market return against the general stock systematical risk, the financial risk, as analyzing differences among the general stock systematical risk, the financial risk, stock return standard deviation, the stock return correlation and the market return of the delisting company as well as the sound company in between. This research used the secondary data, i.e. data relating to monthly stock price (closing price), monthly Composite stock Price Index, Total Asset and Total Debt. This time period of the research was 24 months before the emittens removed from the stock exchange. Population of the study consisted of all emittens at the Jakarta Stock Exchange since 1 January 1994 up to 31 December 2000 include 291 listing and 33 delisting emittens. Sample selection was conducted by utilizing purposive sampling method, and yielding 31 delisting and 31 sound emittens as a standard of comparison. This research’s analytical device was a multiple regression to analyze the influence of independent variables toward dependent variable. Independent sample t-test was used to analyze the differences between the sound and the delisting companies. Based on the research result there was found that the stock return deviation standard and the stock return correlation and the market return affecting the general stock systematical risk significantly. Apart from that there was a significant difference between the sound company’s financial leverage as well as the general stock systematical risk and the delisting company’s. }, issn = {2580-1171}, pages = {49--60} doi = {10.14710/jbs.8.6.49-60}, url = {https://ejournal.undip.ac.id/index.php/jbs/article/view/14509} }
Refworks Citation Data :
The aim of this research is to provide an additional empirical evidence to the companies concerning systematical risk effect of general stock issued from the stock exchange at the Jakarta Stock Exchange. It was done by analyzing the financial leverage effect, the stock return standard deviation and the stock return correlation against the market return against the general stock systematical risk, the financial risk, as analyzing differences among the general stock systematical risk, the financial risk, stock return standard deviation, the stock return correlation and the market return of the delisting company as well as the sound company in between.
This research used the secondary data, i.e. data relating to monthly stock price (closing price), monthly Composite stock Price Index, Total Asset and Total Debt. This time period of the research was 24 months before the emittens removed from the stock exchange. Population of the study consisted of all emittens at the Jakarta Stock Exchange since 1 January 1994 up to 31 December 2000 include 291 listing and 33 delisting emittens. Sample selection was conducted by utilizing purposive sampling method, and yielding 31 delisting and 31 sound emittens as a standard of comparison.
This research’s analytical device was a multiple regression to analyze the influence of independent variables toward dependent variable. Independent sample t-test was used to analyze the differences between the sound and the delisting companies.
Based on the research result there was found that the stock return deviation standard and the stock return correlation and the market return affecting the general stock systematical risk significantly. Apart from that there was a significant difference between the sound company’s financial leverage as well as the general stock systematical risk and the delisting company’s.
Article Metrics:
Last update:
Last update: 2025-04-22 04:08:41
Author(s) Rights
In order for Diponegoro International Journal of Business (DIJB) to publish and disseminate research articles, we need publishing rights (transferred from author(s) to publisher). This is determined by a publishing agreement between the author(s) and DIJB. This agreement deals with the transfer or license of the copyright of publishing to DIJB, while authors still retain significant rights to use and share their own published articles. DIJB supports the need for authors to share, disseminate and maximize the impact of their research and these rights, in any databases.
As an author, you have rights to a large range of uses of your article, including use by your employing institute or company. These Author rights can be exercised without the need to obtain specific permission. Authors publishing in DIJB has wide rights to use their works for teaching and scholarly purposes without needing to seek permission, including:
use for classroom teaching by Author or Author's institution and presentation at a meeting or conference and distributing copies to attendees; use for internal training by the author's company; distribution to colleagues for their research use; use in a subsequent compilation of the author's works; inclusion in a thesis or dissertation; reuse of portions or extracts from the article in other works (with full acknowledgement of final article); preparation of derivative works (other than commercial purposes) (with full acknowledgement of final article); voluntary posting on open web sites operated by author or author’s institution for scholarly purposes, (but it should follow the open-access license of Creative Common CC-by-SA License).
Authors/readers/third parties can copy and redistribute the material in any medium or format, as well as remix, transform, and build upon the material for any purpose, even commercially, but they must give appropriate credit (the name of the creator and attribution parties (authors detail information), a copyright notice, an open-access license notice, a disclaimer notice, and a link to the material) and provide a link to the license.
Authors/readers/third parties can read, print and download, redistribute or republish the article (e.g. display in a repository), translate the article, download for text and data mining purposes, re-use portions or extracts from the article in other works, sell or re-use for commercial purposes, remix, transform, or build upon the material, they must distribute their contributions under the same license as the original Creative Commons Attribution-ShareAlike (CC BY-SA).
Copyright Transfer Agreement for Publishing (Publishing Right)
The authors submitting a manuscript do so on the understanding that if accepted for publication, the copyright for publishing (publishing right) of the article shall be assigned/transferred to the Department of Management, Faculty of Economics and Business, Universitas Diponegoro as the publisher of DIJB.
Upon acceptance of an article, authors will be asked to complete a 'Copyright Transfer Agreement for Publishing (CTAP)'. An e-mail will be sent to the Corresponding Author confirming receipt of the manuscript together with a CTAP form by the online version of this agreement.
DIJB, the publisher, and the editorial board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in DIJB are sole and exclusive responsibility of their respective authors and advertisers.
Remember, even though we ask for a transfer of copyright for publishing (CTAP), our journal Author(s) retain (or are granted back) significant scholarly rights as mentioned before.
The Copyright Transfer Agreement for Publishing (CTAP) Form can be downloaded here
View statistics This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
