In this study, we explore the consistency of Indonesian Rupiah (IDR) - denominated equity mutual funds offered in Indonesia from 2007 to 2017 from various holding periods, namely one year, three years, and five years. Two questions are addressed. Will the winning mutual funds be the winner in...

According to portfolio theory, diversifying investment to several stocks with negative correlations may reduce portfolio risk. In contrast, combining stocks with similar movement (co-movement) has no impact on portfolio risk reduction. This study aims to examine state-owned enterprise stock...

The study aims to measure each Sharia mutual fund performance and compare with market performance in Indonesia. Sharia mutual fund investment instruments in Indonesia have positive developments over the period from 2012 to 2017. These positive developments add to the option of investment...

This study investigates the application of orthogonal generalized auto-regressive conditional heteroscedasticity (OGARCH) in predicting the co-movement of banking sector stocks in Indonesia. All state-owned banking sector stocks in Indonesia were studied using daily data from January 2013 to...

This study aims to test empirically the effect of the cash flows (the operating cash flow; the investment cash flow; and the financing cash flow), gross profit, and company size towards the Indonesian chemical and basic industry companies' stock returns. The results showed that in partial the...

Seasonality phenomenon based on superstitions and beliefs is still an interesting topic to investigate. Other belief which may become interesting topic to investigate is Chinese Zodiac. Chinese Zodiac Effect is based on a myth that each year circumstance will be affected by every underlying year...