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Pengaruh Variabel Makroekonomi terhadap Indeks Saham Syariah di Indonesia: Model ECM

ESENSI Vol. 6, No. 1, April 2016
Publisher : Faculty of Economic and Business

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Abstract

This research aim is to analyze the impact of macroeconomics variable to Islamic stock’s index in Indonesia. The macroeconomic variables are BI-rate, inflation, foreign exchange, sharia Bank of Indonesia certificate and oil world price. The methods that used in this research is error correction model to analyze the short-run and long-run impact of macroeconomics variables to Islamic stock’s index. The result shown that the foreign exchange rate and sharia Bank of Indonesia certificate influence the to Islamic stock’s index in short-run. Otherwise the interest rate, shariah Bank of  Indonesia certificate, and oil world price influence the to Islamic stock’s index in long-runDOI: 10.15408/ess.v6i1.3118

CO-INTEGRATION DAN CONTAGION EFFECT ANTARA INDEKS SAHAM SYARIAH DI BEBERAPA NEGARA DAN JAKARTA ISLAMIC INDEX (JII) PADA PERIODE KRISIS YUNANI

Jurnal Manajemen Magister Darmajaya Vol 3, No 02 (2017): Jurnal Manajemen Magister Darmajaya
Publisher : Jurnal Manajemen Magister Darmajaya

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Abstract

This research aims to analyze cointegration of sharia market share in Indonesia, Malaysia, US, Canada, UK, Japan, Europe and Asia-Pasific at the period of Greece crisis. Moreover, this research is also to find the most dominant countries which influence to volatility of sharia market share in Indonesia at the period of Greece crisis. Besides this research is to analyze the contagion effect in sharia market share in others country sampled in this research. The data used in this research is secondary data, it is from weekly market share closing from 2007-2014. In processing data, the writer will divide into 2 periods namely before crisis and at the period of crisis. The period before crisis is begun from May 2007 until April 2010.While the period of crisis is begun from May 2010 until January 2014. The analysis method used is vector error correction model (VECM) and Innovation accounting in impulse response function (IRF) and forecasting error variance decomposition (FEVD).Keyword: Co-Integration, Contagion Effect, Stock Index

Faktor-faktor yang Mempengaruhi Holding Period Saham

Benefit: Jurnal Manajemen dan Bisnis Volume 3 No 1 Juni 2018
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

Stocks are an investment that many investors choose because they are able to provide an attractive rate of return. Holding period is a period that indicates the length of this study was to determine the factors that affected the holding period of shares partially on the companies listed into to LQ45 index. This study used a descriptive method, with the purposive sampling technique and it obtained 21 companies as the research sample. The result of the research showed that the market value and the trading volume were partially significant to the holding period of stock with  and sig value was smaller than 0,05 (sig < 0,05) that was 0,000 and 0,005, while the bid-ask spread, variance return, and dividend payout ratio partially had no significant effect on the holding period of stock with the value of   and the sig value was greater than 0,05 (sig > 0,05) that was equal to 0,414, 0,706, and 0,673. The value of the adjusted r square (R²) of 0,381 or 38,1% indicated the the bid-ask spread, the market value, the trading volume, the variance return, the dividend payout ratio could explain the holding period of 38,1%, while the remaining 61,9% was explained by other variables outside the study.

Analisis Faktor yang Berpengaruh terhadap Ketimpangan Pendapatan di Indonesia

EKONOMIKAWAN: Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol 18, No 1 (2018)
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

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Abstract

This study aims to analyze what factors affect the income inequality inIndonesia. The method used in this research is to perform regressionanalysis of panel data using E-views 10. The variables used in thisstudy are Gini Ratio as Y variable, while Local Revenue, GeneralAllocation Fund, Capital Expenditure, Agricultural SectorContribution, Contribution of Manufacturing Sector, Service SectorContribution, Financial Sector Contribution, Domestic Investment andForeign Investment as variable X. The province used in this research is32 provinces. The result of the research, the variables that influence thedecreasing inequality of income distribution are DAU, capitalexpenditure, contribution of agriculture sector, contribution ofmanufacturing sector and financial sector contribution. While PAD,service sector, PMDN and PMA, positively influence to increaseinequality income distribution 

Faktor Eksternal dan Internal yang Mempengaruhi Profitabilitas Bank Syariah di Indonesia

Cakrawala: Jurnal Studi Islam Vol 13 No 1 (2018)
Publisher : Universitas Muhammadiyah Magelang

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Abstract

This study aims to determine the influence of external factors (inflation and BI rate) and internal (CAR, REO, FDR, and NPF) on the level of profitability of sharia banks in Indonesia as measured by ROA. The data used in this study is the data of Sharia Commercial Bank and Sharia Business Unit in Indonesia from 2011 to 2018 using monthly data. This research uses error correction model which is commonly abbreviated as ECM. The results show that the external and internal variables together significantly influence the ROA variable. Individually, CAR, NPF and Inflation variables have no significant effect on ROA, while FDR and REO variables in both short and long term have significant effect on ROA. BI rate in this study has no significant effect on ROA in the short term, but has a significant effect on ROA variable in the long term

Kinerja Keuangan dan Nilai Perusahaan : Analisis Data Panel pada Jakarta Islamic Index

Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 3, No 2 (2018)
Publisher : Universitas Muhammadiyah Surabaya

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Abstract

His study aims to determine the effect of financial performance on the value of the company. Data collection is conducted in 2012 until 2017. This research tries to analyze the influence of financial performance proxy with 3 (three) free variable, that is ratio of liquidity (quick ratio) as X1, profitability ratio (ROA) as X2, and solvency ratio (Debt to Total Assets Ratio) as X3 against the dependent variable / bound in the form of company value (Price Book Value) as Y at the company registered in Jakarta Islamic Index (JII). Data analysis technique used in this research is using panel data regression. The results of this study are independent variables profitability and solvency ratios have a positive and significant effect on the dependent variable in the form of company value measured by Price to Book Value (PBV). While the independent variable liquidity ratio measured by quick ratio has no effect on the value of the company.

Variabel Makroekonomi, Indeks Dow Jones dan Pergerakan IHSG di Indonesia

Prosiding Seminar Nasional Darmajaya Vol 1 (2018): SEMNAS IIB DARMAJAYA
Publisher : Prosiding Seminar Nasional Darmajaya

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Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh variabel makroekonomi dan Indeks Dow Jones terhadap IHSG di Indonesia. Jenis data yang digunakan dalam penelitian ini adalah data sekunder. Pada penelitian ini menggunakan data indeks Harga Saham Gabungan, Tingkat Inflasi, Nilai Tukar Rupiah Terhadap Dolar, dan Indeks Dow Jones dengan periode waktu mulai Januari 2015 sampai November 2017. Data dalam penelitian ini dianalisis dengan menggunakan model koreksi kesalahan yang biasa disingkat ECM. Secara simultan variabel inflasi, kurs dan Indeks Dow Jones berpengaruh signifikan terhadap IHSG di Indonesia. Secara individu variabel kurs berpengaruh signifikan terhadap IHSG di Indonesia dalam jangka pendek, sedangkan variabel inflasi dan Indeks Dow Jones tidak berpengaruh signifikan terhadap IHSG di Indonesia. Dalam jangka panjang, variabel kurs dan Indeks Dow Jones berpengaruh signifikan terhadap IHSG di Indonesia, sedangkan variabel inflasi tidak berpengaruh signifikan terhadap IHSG di Indonesia.Kata kunci: Inflasi, Kurs, Indeks Dow Jones, IHSG

Faktor yang mempengaruhi pembiayaan perbankan syariah di Indonesia: MODEL ECM

Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol 2 No 2 (2018): Desember
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

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Abstract

This study aims to determine the factors that influence the financing of Islamic banking inIndonesia. This study is examines BI rate, BOPO, CAR, FDR, Inflation, NPF, Exchange Rate andFinancing of Islamic Banking in Indonesia. The data in this study is secondary data from January2013 to September 2017. The data is analysed using the Error Correction Model and processedby eviews. The results of this are the variables that influence the short-term financing of Islamicbanks are BOPO and FDR, while the variables BI_rate, CAR, inflation, NPF and Exchange rateshave no effect. Furthermore, the variables that influence the long-term financing of Islamic banksare BI_rate, BOPO, CAR, FDR and inflation, while the NPF and exchange rate variables haveno effect.

Meningkatkan Kinerja Keuangan dan Nilai Perusahaan Dalam Berinvestasi

JURNAL ILMIAH MANAJEMEN & BISNIS Vol 19, No 2 (2018): Oktober - Maret
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

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Abstract

His study aims to determine the effect of financial performance on the value of the company. Data collection is conducted in 2012 until 2017. This research tries to analyze the influence of financial performance proxy with 3 (three) free variable, that is ratio of liquidity (quick ratio) as X1, profitability ratio (ROA) as X2, and solvency ratio (Debt to Total Assets Ratio) as X3 against the dependent variable / bound in the form of firm value (Price Book Value) as Y at the company registered in Jakarta Islamic Index (JII). Data analysis technique used in this research is using panel data regression. The results of this study are independent variables profitability and solvency ratios have a positive and significant effect on the dependent variable in the form of company value measured by Price to Book Value (PBV). While the independent variable liquidity ratio measured by quick ratio has no effect on the value of the company.

PENGARUH ECONOMIC VALUE ADDED, MARKET VALUE ADDED, EARNINGS PER SHARE DAN FIRM SIZE TERHADAP RETURN SAHAM SYARIAH PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI ISSI

Jurnal Bisnis Darmajaya Vol 4, No 2 (2018): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

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Abstract

This study is intended to determine the effect of economic value added, market value added, earnings per share and firm size on Islamic stock returns on manufacturing companies listed in the Indonesian Syariah Stock Index in 2015-2017. This research will be analyzed using an error correction model commonly abbreviated as ECM. The sample in this study was obtained as many as 30 companies that joined the Indonesian Islamic Stock Index. Taken together the variables EVA, MVA, EPS and firm size have a significant effect on stock returns in both the short and long term indicated by the statistical F value of 0.041232 in the long term and short term of 0.00000 where the value is more small than α = 5% and the F value of statistics greater than the F table. Based on the data analysis that has been done, it can be seen that the EVA variables both long term and short term have no effect on stock returns.Keywords - Economic Value Added, Market Value Added, Earnings per Share, Firm Size to return