IMPLEMENTASI METODE CAPITAL ASSET PRICING MODEL (CAPM) SEBAGAI PENETAPAN KEPUTUSAN INVESTASI SAHAM BERDASARKAN UNDERVALUE DAN OVERVALUE (STUDI PADA SEKTOR PERBANKAN DI BEI PERIODE 2018-2022)

Lailia, Afdholul Nisfu IMPLEMENTASI METODE CAPITAL ASSET PRICING MODEL (CAPM) SEBAGAI PENETAPAN KEPUTUSAN INVESTASI SAHAM BERDASARKAN UNDERVALUE DAN OVERVALUE (STUDI PADA SEKTOR PERBANKAN DI BEI PERIODE 2018-2022). Jurnal Manajemen dan Sains, 9 (1): 9. pp. 1-9. ISSN 2541-6243

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Abstract

Penelitian berikut memiliki tujuan guna mengimplementasikan metode CAPM (Capital Asset Pricing Model) dalam proses mngambil keputusan berinvestasi saham yang undervalue dan overvalue dalam industry perbankan yang tercatat BEI selama periode 2018-2022. Metode riset berikut memakai jenis kuantitatif deskriptif. Data yang dipakai ialah berjenis data sekunder yakni harga saham penutup (closing price) per bulan pada Bank yang tercatat di BEI dan OJK selama periode Juni 2018 s/d Desember 2022. Sampel dihimpun memakai metode purposive sampling yang berjumlah 5 Bank Umum Swasta Nasional (BUSN) Devisa. Hasil pada riset berikut memperlihatkan bahwasanya dari 5 saham perusahaan yang menjadi sampel penelitian, 1 saham perusahaan yang menjadi saham undervalue, yakni perusahaan Bank Permata (BNLI) dimana tingkat pengembalian saham individunya lebih besar dari return ekspektasi, Sedangkan 4 perusahaan lainnya termasuk kedalam saham overvalue, yakni BBCA (Bank Central Asia), BNGA (Bank CIMB Niaga), PNBN (Bank Pan Indonesia), dan Bank NISP (OCBC NISP) yang tingkat pengembalian saham individunya lebih kecil dari return ekspektasinya.
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The study aims to implement the CAPM (Capital Asset Pricing Model) method in undervalued and overvalued equity
investment decisions in the banking sector in the EIB during the period 2018-2022. This research method uses descriptive quantitative methods. The data source used is secondary data of the closing price per month of the Bank listed on the Indonesian Stock Exchange and the Financial Services Authority during the period June 2018 s/d December 2022. Sampling using purposive sampling technique of 5 National Private Public Bank (BUSN) Devisa. The results of this study showed that of the 5 shares of the company that were the sample of the research, 1 company shares became undervalue, namely the company of the Bank of Jewelry (BNLI) where the rate of return of individual shares is greater than the expected return, while 4 other companies were included in the overvalue shares: Bank Central Asia (BBCA), Bank Pan Indonesia (PNBN), Bank CIMB Niaga (BNGA), and Bank OCBC NISP (NISP) whose individual share return rate is smaller than its expected return.

Item Type: Article
Uncontrolled Keywords: Implementasi CAPM; Penetapan keputusan investasi; Undervalue overvalue; Bank Devisa CAPM implementation; Investment decision making; Undervalue overvalue; Foreign exchange ban
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Ekonomi > Manajemen
Depositing User: Perpustakaan UNUSIDA
Date Deposited: 28 Oct 2024 02:39
Last Modified: 28 Oct 2024 02:39
URI: http://digilib.repository.unusida.ac.id/id/eprint/672

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