Ridwan Nurazi, Ridwan
Department of Management, Faculty of Economics and Business University of Bengkulu,

Published : 5 Documents
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THE ANALYSIS OF PROFIT QUALITY ON BANKING INDUSTRY IN THE MOMENT OF SLOWING DOWN ECONOMY Nurazi, Ridwan; Zoraya, Intan
Jurnal Bisnis Tani Vol 2, No 1 (2016): Jurnal Bisnis Tani April 2016
Publisher : Universitas Teuku Umar

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (526.736 KB) | DOI: 10.35308/jbt.v2i1.535

Abstract

In the moment of slowing down economy, the banking sector faces severe challenges, mainly due to the impact of the weakening of the rupiah against the US dollar. This study aimed to analyze the effect of earnings quality, managerial efficiency, and the persistency of earnings to the banking index. The object of this study is the five largest banks in Indonesia, namely: Bank Mandiri, Bank Rakyat Indonesia, Bank Central Asia, Bank Negara Indonesia and Bank Danamon. The five banks are benchmarks for the national banking industry. The method used is the data panel analysis regression. The results shows that the quality of earnings, managerial efficiency, and the persistence of earnings affect amounted 35.9137% on the banking indexes; the remaining amount of 64.0863% influenced by macroeconomic factors. The most severe impact surged on the Bank Danamon, while the lightest impact occurred on Bank Rakyat Indonesia.
Does Bid/Ask Spread React to the Increase of Internet Search Traffic? Nurazi, Ridwan; Usman, Berto; Kananlua, Paulus S.
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 8, No 3 (2015): December 2015 - March 2016
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (145.67 KB)

Abstract

Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects Nurazi, Ridwan; Usman, Berto
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.6659

Abstract

This study attempts to examine the effect of financial fundamentals information using CAMELS ratios and macroeconomics variables surrogated by interest rate, exchange rate, and inflation rate toward stock return. By employing panel data analysis (Pooled Least Squared Model), the results reveal that several financial ratios perform a bit contrary to the theory, in which the ratio of CAR shows positive sign but insignificantly contributes to stock returns. Also, the ratio of NPL does not affect the return. In fact, ROE and LDR positively and significantly contribute toward banks’ stock return. Meanwhile, NIM and BOPO show negative signs. The other macroeconomic variables, interest rate (IR), exchange rate (ER) and inflation rate (INF) are consistent with the a priori expectation, in which those variables negatively and significantly contribute to stock return of 16 banks, for the observation period from 2002 to 2011 in the Indonesian banking sector.
Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects Nurazi, Ridwan; Usman, Berto
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.7191

Abstract

This study attempts to examine the effect of financial fundamentals information using CAMELS ratios and macroeconomics variables surrogated by interest rate, exchange rate, and inflation rate toward stock return. By employing panel data analysis (Pooled Least Squared Model), the results reveal that several financial ratios perform a bit contrary to the theory, in which the ratio of CAR shows positive sign but insignificantly contributes to stock returns. Also, the ratio of NPL does not affect the return. In fact, ROE and LDR positively and significantly contribute toward banks’ stock return. Meanwhile, NIM and BOPO show negative signs. The other macroeconomic variables, interest rate (IR), exchange rate (ER) and inflation rate (INF) are consistent with the a priori expectation, in which those variables negatively and significantly contribute to stock return of 16 banks, for the observation period from 2002 to 2011 in the Indonesian banking sector.
Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects Nurazi, Ridwan; Usman, Berto
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.7191

Abstract

This study attempts to examine the effect of financial fundamentals information using CAMELS ratios and macroeconomics variables surrogated by interest rate, exchange rate, and inflation rate toward stock return. By employing panel data analysis (Pooled Least Squared Model), the results reveal that several financial ratios perform a bit contrary to the theory, in which the ratio of CAR shows positive sign but insignificantly contributes to stock returns. Also, the ratio of NPL does not affect the return. In fact, ROE and LDR positively and significantly contribute toward banks stock return. Meanwhile, NIM and BOPO show negative signs. The other macroeconomic variables, interest rate (IR), exchange rate (ER) and inflation rate (INF) are consistent with the a priori expectation, in which those variables negatively and significantly contribute to stock return of 16 banks, for the observation period from 2002 to 2011 in the Indonesian banking sector.