ANALISIS RETURN SAHAM BERDASARKAN STRATEGI DOGS OF THE DOW PADA IHSG DI INDONESIA
DOI:
https://doi.org/10.25170/jara.v11i1.48Keywords:
stock, return, Dogs of the dowAbstract
Every investor is looking to earn positive return on stock investment and they hope to beat the market return. One of the most widely used methods of stock selection is the Dogs of the dow method. This method uses the selection of 10 stocks that have the highest dividend yield as a portfolio formation method. After the formation, the stock portfolio return compared with the return of IHSG as measured by price difference for a year. The result of this study is the fact that of the ten stocks selected each year only the highest dividend shares that can beat the market even though the results are not significant.
References
Alles, L., F Fin; Sheng, Y. T. (2008). ”Dogs of the dow” down under. The Finsia Journal of Applied Finance, Sydney 3 , 30-38.
Arora, A., Capp, L., Smith, G. (Spring 2008). The real dogs of the dow.The Journal of Wealth Management. London, 10, 4 , 64-72.
Calvalhal, A., & Meireles, A. (January, 2015). Does the dogs of the dow strategy outperform the market in Latin America? Business and Management Review,4, 5, 531-542.
Chong, T. T., & Luk, K. K. (2010). Does the 'dogs of the dow strategy' work better in blue chips? Applied Economics Letter,17, 1173-1175.
Hirschey, M. (2000). The "dogs of the dow" myth. The Financial Review,35, 1-16.
Jeong, Jin-Gil; Lee, Youngho; Mukherji, S. (Winter, 2009). Do dow stocks offer a value premium? The Journal of Wealth Management; London, 12, 3, 95-103.
Larsen, J. E., Ainina, M.F., Akhbari, M. L., Wang, C., Gressis, N. (Winter 2013). Real Estate Issues. Chicago, 38, 3 , 44-55.
Qiu, M., Song, Y., & Hasama, M. (September, 2013). Empirical analyses of the "dogs of the dow" strategy: Japanese evidence. International Journal of Innovative Computing, Information and Control,9, 9, 3677-3684.
Rinne, E., & Vahamaa, S. (2011). The 'dogs of the dow' strategy revisited : Finnish evidence. The European Journal Of Finance,17, 5-6, 451-469.
Silva, A. (2001). Empirical tests of the dogs of the dow strategy in Latin America stock markets. International Review of Financial Analysis,10, 187-199.
Tissayakorn, K., Song, Y., Qiu, M., & Akagi, F. (April, 2013). A study on effectiveness of the "dogs of the dow" strategy for the Thai stock Investment. International Journal of Innovation, Management and Technology,4, 2, 277-280. https://doi.org/10.7763/IJIMT.2013.V4.406
Visscher, S., Filbeck, G. (Jan/Feb 2003). Dividend-yield strategies in the Canadian stock market. Financial Analysts Journal, Charlottesville, 59,1, 99-106.
Wang, C., Larsen, J. E., Ainina., M.F.,Akhbari, M.L. & Gressis, N. (Oktober, 2011). The dogs of the dow in China. International Journal of Business and Social Science, 2, 18,70-80.
Yan , H., Song, Y., Qiu, M., & Akagi, F. (April, 2015). An empirical analysis of the dog of the dow strategy for the Taiwan stock market. Journal Economics, Business and Management,3, 4, 435-439.
Arora, A., Capp, L., Smith, G. (Spring 2008). The real dogs of the dow.The Journal of Wealth Management. London, 10, 4 , 64-72.
Calvalhal, A., & Meireles, A. (January, 2015). Does the dogs of the dow strategy outperform the market in Latin America? Business and Management Review,4, 5, 531-542.
Chong, T. T., & Luk, K. K. (2010). Does the 'dogs of the dow strategy' work better in blue chips? Applied Economics Letter,17, 1173-1175.
Hirschey, M. (2000). The "dogs of the dow" myth. The Financial Review,35, 1-16.
Jeong, Jin-Gil; Lee, Youngho; Mukherji, S. (Winter, 2009). Do dow stocks offer a value premium? The Journal of Wealth Management; London, 12, 3, 95-103.
Larsen, J. E., Ainina, M.F., Akhbari, M. L., Wang, C., Gressis, N. (Winter 2013). Real Estate Issues. Chicago, 38, 3 , 44-55.
Qiu, M., Song, Y., & Hasama, M. (September, 2013). Empirical analyses of the "dogs of the dow" strategy: Japanese evidence. International Journal of Innovative Computing, Information and Control,9, 9, 3677-3684.
Rinne, E., & Vahamaa, S. (2011). The 'dogs of the dow' strategy revisited : Finnish evidence. The European Journal Of Finance,17, 5-6, 451-469.
Silva, A. (2001). Empirical tests of the dogs of the dow strategy in Latin America stock markets. International Review of Financial Analysis,10, 187-199.
Tissayakorn, K., Song, Y., Qiu, M., & Akagi, F. (April, 2013). A study on effectiveness of the "dogs of the dow" strategy for the Thai stock Investment. International Journal of Innovation, Management and Technology,4, 2, 277-280. https://doi.org/10.7763/IJIMT.2013.V4.406
Visscher, S., Filbeck, G. (Jan/Feb 2003). Dividend-yield strategies in the Canadian stock market. Financial Analysts Journal, Charlottesville, 59,1, 99-106.
Wang, C., Larsen, J. E., Ainina., M.F.,Akhbari, M.L. & Gressis, N. (Oktober, 2011). The dogs of the dow in China. International Journal of Business and Social Science, 2, 18,70-80.
Yan , H., Song, Y., Qiu, M., & Akagi, F. (April, 2015). An empirical analysis of the dog of the dow strategy for the Taiwan stock market. Journal Economics, Business and Management,3, 4, 435-439.
Downloads
Published
2017-10-01
How to Cite
Gunawan, R. A. (2017). ANALISIS RETURN SAHAM BERDASARKAN STRATEGI DOGS OF THE DOW PADA IHSG DI INDONESIA. Jurnal Akuntansi, 11(1), 1–11. https://doi.org/10.25170/jara.v11i1.48
Issue
Section
Articles
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 4.0 International License that allows others to share the work with an acknowledgment 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 acknowledgment 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.
