Jurnal Manajemen dan Kewirausahaan
Vol 19, No 1 (2017): MARCH 2017

PERFORMANCE EVALUATION AND RISK AVERSION RATE FOR SEVERAL STOCK INDICES IN INDONESIA STOCK EXCHANGE

Robiyanto, Robiyanto (Unknown)



Article Info

Publish Date
01 Mar 2017

Abstract

There are numerous stock indices in Indonesia Stock Exchange. Several of them are LQ-45, MBX, DBX, JII, SRI-KEHATI, PEFINDO-25, BISNIS-27, IDX-30 and KOMPAS-100. Unfortunately there are limi­ted researches which have been done to measure those indices performance specifically. The same condition also occurs on risk aversion level usage in Indonesia Stock Exchange, only few numbers of researches use this me­a­surement in the portfolio valuation. Based on that, this research measured the performance and risk aversion rate of those indices in Indonesia Stock Exchange. The results of this study were SRI-KEHATI becomes the best performer with the highest risk aversion rate, while Jakarta Islamic Index (JII) produces the lowest positive per­formance with the lowest risk aversion rate. This finding shows that sharia stocks’ characters (i.e. usury free) could give relieveness and convenience regardless its per­formance.

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Journal Info

Abbrev

man

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Promote studies in management and entrepreneurship, strengthen science knowledge exchange with other institutions. The Jurnal Manajemen dan Kewirausahaan accredited by the Directorate General of Higher Education of Indonesia in June 2008 - June 2011 The Jurnal Manajemen dan Kewirausahaan, ...