Influence of Markowitz Method Risk and Return Calculations as a Basis for Investment Decisions in BEI BUMN Shares 20 Period 2019-2022
DOI:
https://doi.org/10.59653/jbmed.v2i01.441Keywords:
Risk and Return, Markowitz Method, Investment, StocksAbstract
The aim of writing this scientific article is to determine the influence of the Markowitz Method of risk and return calculations on Investor Rationality for the Security of Investing in 20 BUMN IDX Shares for the 2019-2022 Period. The method used in this research is a descriptive method with a quantitative approach. The type of data used is secondary data which takes data from the official website idx.com and also investing.com. The sample used was 20 state-owned companies. The data collection technique in this research is by using documentation techniques. The data collection process consists of: calculating the expected return for each company, conducting statistical tests using SPSS 24, and finally conclusions. The results of this research are that the Markowitz method of calculating risk & return has a significant effect on investors' rationality in investing in BUMN 20 shares.
Downloads
References
Afriyanti, Intan. (2016-2020). Ecoomics, Accounting and Business Journal .
Binangkit, Wan L. Hardilawati. (2021). Analisis Portofolio Saham Optimal Model Markowitz.
Eduardus. Tandelilin. (2017). Pasar Modal "Manajemen Portofolio dan Investasi". Yogyakarta: Kanisius.
Hartono, Jogiyanto. (2017). Teori Portofolio dan Analisis Investasi. Edisi ed BPFE, Yogyakarta.
Hasbiah, Siti, Anwar, Basri Bado. (2022). Model Markowitz dalam Keputusan Investasi Saham pada Index Lq45 di Bursa Efek Indonesia. Jurnal Ekonomi dan Pendidikan 5.
Jogiyanto, Hartono. (2017). Teori Portofolio dan Investasi.
Luqman, H. (2010). Pengambilan Resiko Secara Strategis Bagi Pengambil Keputusan Bisnis. Jakarta: PT. Raja Grafindo .
Mardhiyah, Ainun. (2017). Peranan Analisis Return dan Risiko dalam Investasi. Jurnal Ekonomi dan Bisnis Islam 2.
Nainggolan. Yohanna, Ahmad Juliana, Citra A. Alantina. (2020). Analisis Value At Risk dalam Pembentukan Portofolio Optimal (Studi Kasus Perusahaan Perbankan di Indonesia). Jurnal Manajemen , 10.
Natapura, Cecilia. (2009). Analisis Perilaku Investor Institusional dengan Pendekatan Analytical Hierarchy Process (PHP). Jurnal Ilmu Administrasi dan Organisasi , 16.
Scott E. Harrington, Gregory R. Nieahaus. (2003). Risk Management and Insurance. Boston: LibUI eng rda.
Setyawati, Ni Putu E, Gede M. Sudiartha. (2019). Pembentukan Portofolio Optimal Menggunakan Model Markowitz. E-Jurnal Manajemen 8.
Sugiyono. (2019). Metodelogi Penelitian Kuantitatif dan Kualitatif. R&D.
Tandelilin, Eduardus. (2010). Portofolio dan Investasi: Teori dan Aplikasi. Yogyakarta: Kanisius.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Novia Paramida, Chandra Fitriyani Crisna Mukti, Dorifahtu Afirstantian Maharani, Maria Yovita R. Pandin
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
