PENGHITUNGAN RISIKO DALAM KEPUTUSAN INVESTASI PADA EMITEN SEKTOR KONSTRUKSI INDEKS KOMPAS100 DENGAN METODE CAPITAL ASSET PRICING MODEL DAN RASIO PROFITABILITY SETELAH MASA PANDEMIC COVID-19
Keywords:risk, return, CAPM, NPM, EMH
AbstractThe risk in an investment activity is always there and it cannot be denied that these risk factors influence someone to invest. After the Covid-19 pandemic period and vaccines have been carried out so that development in Indonesia will start running again. So the CAPM (Capital Asset Pricing Model) approach in assessing a stock that is less risky to the overall market price in the Kompas100 index and the NPM (Net Profit Margin) probability ratio on stocks that are always able to generate profits every year are expected to help the public and potential investors. in making investment decisions in accordance with the risk profile.
Block, S. B., Hirt, G. A., & Danielsen, B. R. (2017). Foundations of financial management, 16th Edition. New York: McGraw-Hill Education.
Bodie, Z., Kane, A., & Marcus, A. J. (2017). Essentials of investments, 10th Edition. New York: McGraw-Hill Education.
Brealey, R. A., Myers, S. C., & Allen, F. (2017). Principles of corporate finance, 12th Edition. New York: McGraw-Hill Education.
Brigham, E. F., & Ehrhardt, M. C. (2017). Financial management: Theory & practice, 15th Edition. Boston: Cengage Learning.
Budiarso, N. S., Hasyim, A. W., Soleman, R., Zam Zam, I., & Pontoh, W. (2020). Investor behavior under the Covid-19 pandemic: The case of Indonesia. Investment Management and Financial Innovations, 17(3), 308-318. http://dx.doi.org/10.21511/imfi.17(3).2020.23
Budiarso, N., & Pontoh, W. (2019). Does maturity signals high risk and high return?. Indonesia Accounting Journal, 1(1), 1-5. https://doi.org/10.32400/iaj.25404
Burton, J. (1998). Revisiting the capital asset pricing model. https://web.stanford.edu/~wfsharpe/art/djam/djam.htm
Fama, E. (1970). Efficient capital markets: A review of theory and empirical work. The Journal of Finance, 25(2), 383-417. https://doi.org/10.2307/2325486
Jones, C. P. (2013). Investments analysis and management, 12th Edition. New Jersey: John Wiley & Sons, Inc.
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263-291. https://doi.org/10.2307/1914185
Pontoh, W., & Budiarso, N. (2019). Ipteks penghitungan risiko pasar dalam keputusan investasi. Jurnal Ipteks Akuntansi Bagi Masyarakat, 3(1), 1-8. https://doi.org/10.32400/jiam.3.1.2019.23302
Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2018). Corporate finance: Core principles & applications, 5th Edition. New York: McGraw-Hill Education.
Subramanyam, K. R. (2014). Financial statement analysis, 11th Edition. New York: McGraw-Hill Education.
Van Horne, J. C., & Wachowicz, J. M. (2008). Fundamentals of financial management, 13th Edition. England: Pearson Education Limited.
Wahlen, J. M., Baginski, S. P., & Bradshaw, M. T. (2018). Financial reporting, financial statement analysis, and valuation: A strategic perspective. Boston: Cengage Learning, Inc.
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 aÂ Creative Commons Attribution LicenseÂ 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 (SeeÂ The Effect of Open Access).