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PENAWARAN SAHAM PERDANA: PENGALAMAN DI BURSA EFEK JAKARTA 1990 – 1998 Rodoni, Ahmad
Journal of Indonesian Economy and Business Vol 17, No 4 (2002): October
Publisher : Journal of Indonesian Economy and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (302.782 KB)

Abstract

This study investigates initial and aftermarket performance of initial public offering (IPOs) for both short term and long term in the Jakarta Stock Exchange (JSE), from January 1990 to December 1998. This study considers market situation at the time of the issuance of IPOs. The short term performance measure of IPOs is tested using daily closing return (Rct), opening return (Rot), offering price to opening price, offering price to closing price and opening price to closing price criteria. The long term aftermarket performance of IPOs is measured using cumulative abnormal returns analysis, buy and hold market adjusted compounded returns, wealth relative, offering price to closing price and opening price to closing price. Using a sample of 233 IPOs in the Jakarta Stock Exchange (JSE), this study finds an average initial (offer-to-open) return of 10.948 percent (10.912 % adjusted return). The findings reveals a lower expected return from those found in developing and several developed markets. The short term aftermarket mean return based on daily closing mean return (Rct), opening mean return (Rot) and opening price to closing price, indicates that benefits of initial performance do not accrue to the secondary market traders. This result is consistent with studies of Barry and Jennings (1993) on the U.S. markets and Yong (1997) on the Malaysian market. The long run aftermarket performance of IPOs is found to be negative. This finding is supported by many IPOs results in the literature.Keywords: Opening-closing mean return, performance of IPO.
The Impact of Corporate Culture on Marketing Performance Fathoni, Muhammad Anwar; Rodoni, Ahmad
IQTISHADIA Vol 11, No 1 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i1.2847

Abstract

ABSTRACT The purpose of this study is to determine the typology of corporate culture of Islamic banking. This study also aims to determine the influence of corporate culture of Islamic banking on marketing performance.This study proves that the corporate culture of Islamic banking that accommodates the Islamic teaching has influence on marketing performance.This study is a comparative study between Bank Muamalat and BNI Syariah. Mixed method is used in this study to analyze collected data. The primary data obtained through survey and interview with employees of the Islamic bank. While secondary data obtained from the annual report documentation, books and articles in scientific journals and other sources that relevant to the research. Keywords: Corporate Culture, Marketing Performance, Islamic Banking
The Impact of Corporate Culture on Marketing Performance Fathoni, Muhammad Anwar; Rodoni, Ahmad
IQTISHADIA Vol 11, No 1 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i1.2847

Abstract

ABSTRACT The purpose of this study is to determine the typology of corporate culture of Islamic banking. This study also aims to determine the influence of corporate culture of Islamic banking on marketing performance.This study proves that the corporate culture of Islamic banking that accommodates the Islamic teaching has influence on marketing performance.This study is a comparative study between Bank Muamalat and BNI Syariah. Mixed method is used in this study to analyze collected data. The primary data obtained through survey and interview with employees of the Islamic bank. While secondary data obtained from the annual report documentation, books and articles in scientific journals and other sources that relevant to the research. Keywords: Corporate Culture, Marketing Performance, Islamic Banking
Designing Android-Based Fasting Reminder (Shiyam) Applications Ramadhina, Salsabila; Nurnaningsih, Desi; Permana, Angga Aditya; Rodoni, Ahmad
Proceeding of the Electrical Engineering Computer Science and Informatics Vol 7, No 1: EECSI 2020
Publisher : IAES Indonesia Section

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11591/eecsi.v7.2088

Abstract

Indonesia is a country with Muslim majority. Muslims implement fasting as one of important Islamic pillar. Information regarding fasting is substantial for Muslims, especially warnings of imsak, sahur and iftar times. Integration of information related to fasting schedules and provisions in mobile devices especially Android is a promising solution for Muslims. So that, the design of the fasting reminder (Shiyam) application is notable to perform. This application was developed based on the Waterfall model which emphasizes the development of systematic and sequential information systems. The implementation of the Shiyam application which focuses on the aspect of fasting can provide detailed fasting-related information and provides warnings at the time of imsak, iftar and sahur which can help Muslims in carrying out their worship.
ANOMALI KALENDAR: PENGARUH KEUNTUNGAN MENJELANG HARI LIBUR DAN KEUNTUNGAN BULAN JANUARI AHMAD RODONI
Jurnal Bisnis dan Akuntansi Vol 6 No 1 (2004): Jurnal Akuntansi dan Bisnis
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (428.51 KB) | DOI: 10.34208/jba.v6i1.395

Abstract

This research addressed the two issues central theme is the persistence and stability of two calendar anomalies. The anomalies studied are the Holiday and January effects. The study use daily returns on forty stocks over ten years from January 2, 1990 to December 22, 2000. The empirical research was conducted using t-test and F-test from performing of the linear regression and the GARCH (1,1) model. The result of the GARCH (1,1) model also finds that calendar anomalies are appear that estimates of the Holiday and January effects in the BEJ. There was evidence in upport of the persistence of the anomalies that investors have learned of their existence and have reduced their sectors through arbitrage.
Pengaruh Asimetri Informasi dan Tingkat Disclosure Terhadap Biaya Ekuitas Dengan Kepemilikan Manajerial Sebagai Variabel Moderating (Studi Empiris Pada Perusahaan Manufaktur Di Bursa Efek Indonesia) Ratri Nurjanati; Ahmad Rodoni
Esensi: Jurnal Bisnis dan Manajemen Vol. 5, No. 2, Oktober 2015
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v5i2.2339

Abstract

The objective of this research, the first to analyze the effect information asymmetric toward the cost of equity, the second to analyze the effect level of disclosure toward the cost of equity, and the third to analyze the effect the managerial ownership toward the cost of equity of the manufacturing industry which are listed in Indonesian Stock Exchange (IDX) in 2010-2013. This research used samples of 35 manufacturing industry which are listed in Indonesian Stock Exchange. The sample selection method used purposive sampling method. The statistical testing were used by Partial Least Square (PLS. )The result of this research indicate that (1) information asymmetry have influences significanctly toward the cost of equity, (2) the level of disclosure don’t have influences significantly toward the cost of equity, and (3) the managerial ownership have influences significantly toward the cost of equity.DOI: 10.15408/ess.v5i2.2339
PENGARUH INVESTMENT OPPORTUNITY SET, STRUKTUR MODAL, PERTUMBUHAN PERUSAHAAN, DAN RETURN ON ASSET TERHADAP NILAI PERUSAHAAN Gita Syardiana; Ahmad Rodoni; Zuwesty Eka Putri
Akuntabilitas Vol 8, No 1 (2015): Akuntabilitas
Publisher : Department of Accounting-Faculty of Economic and Business (FEB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (311.832 KB) | DOI: 10.15408/akt.v8i1.2760

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The purposes of this research to analyze the effects of investment opportunityset (IOS), structure capital, growth, and return on asset (ROA) to firm’s value. This researchused all the companies listed on Indonesian Exchange in the peroid 2012 until 2014. Thenumber of all companies that were became in this study were 119 companies with 3 yearobservation. Based on method purposive sampling, research sample total is 357 financialstatements and annual report. Data analyzed by regression data panel. Result of this researchindicates that investment opportunity set (IOS), growth, and return on asset (ROA)influences significantly positive on the firm value, while structure capital does not influencesto firm valueDOI: 10.15408/akt.v8i1.2760
Prevention Effectiveness of Non-Performing Financing in the Indonesian Islamic Bank M. Mutawali; Ahmad Rodoni; Muhammad bin Said
ETIKONOMI Vol 18, No 2 (2019)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (146.568 KB) | DOI: 10.15408/etk.v18i2.11262

Abstract

Islamic banking still has a high ratio of non-performing financing. This study analyzes the causes of non-performing financing, along with the prevention effectiveness and resolution strategies performed by Islamic banks in dealing with this problem. Interviews conducted on nine informants, with questionnaires distributed to 30 respondents. The results show that the prevention effectiveness performed by Islamic banks consists of legal aspects, qualified human resources, and criteria assessment used to finance proposals, and improve risk management. Furthermore, internal factors such as default, information asymmetry, and financial stress were attributes of non-performing financing, which is externally influenced by inflation, GDP decline, natural disasters, interest rates, and political criminality.JEL Classification: G21, G32
Efficiency And Stability Of Islamic Banking In ASEAN Ahmad Rodoni; Aisyah Raisa Medina; Bahrul Yaman; Sopyan Sopyan
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 12, No 1 (2020)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (16303.839 KB) | DOI: 10.15408/aiq.v12i1.16187

Abstract

This study aims to analyze the efficiency and stability level of Islamic Banking in ASEAN. This study also examins differences in the level of efficiency and stability. Samples used in this study are seven Islamic Banks in five countries in the ASEAN region in 2013-2017. The method used to measure efficiency is Stochastic Frontier Analysis (SFA), while Z-Score is used to measure stability. Tests carried out in this study were hypothesis testing with Binomial Test and Kruskal-Wallis Test. The results indicate that the average efficiency value as a whole is equal to 0,986503. Binomial Test proving that Islamic Banking in ASEAN is efficient and stable. Meanwhile, the average stability value as a whole is 5.21. Furthermore, for the Kruskal-Wallis difference test, it proves that there is no significant difference between the levels of efficiency of Islamic Banking in ASEAN. In contrast, for stability, there is a considerable difference level.Studi ini menanalisis tingkat efisiensi dan stabilitas perbankan syariah di ASEAN. Selain itu, studi ini juga menganalisis perbedaan tingkat efisiensi dan tabilitas. Studi menggunakan sampel 7 bank syariah di 5 negara ASEAN pada periode 2013-2017. Metode yang digunakan untuk mengukur efisiensi adalah Stochastic Frontier Analysis (SFA), sementara untuk stabilitas menggunakan Z-Score. Pengujian yang dilakukan pada studi ini ialah pengujian hipotesis dengan Binomial Test dan Kruskal-Wallis Test. Hasil menunjukkan bahwa rata-rata nilai efisiensi keseluruhan sebesar 0,986503. Binomial Test membuktikan bahwa perbankan syariah di ASEAN efisien dan stabil, sementara itu, nilai rata-rata stabilitas keseluruhan sebesar 5.21. Selanjutnya, untuk uji difference Kruskal-Wallis, mebuktikan bahwa tidak ada perbedaan yang signifikan antara tingkat efisiensi perbankan syariah di ASEAN, sedangkan untuk stabilitas terdapat perbedaan yang signifikan.
Comparing Efficiency and Productivity in Islamic Banking : Case Study Indonesia, Malaysia and Pakistan Ahmad Rodoni; M. Arskal Salim; Euis Amalia; Rezki Syahri Rakhmadi
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 9, No 2: July 2017
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (228.304 KB) | DOI: 10.15408/aiq.v9i2.5153

Abstract

The objective of this research is to analyze both efficiency and productivity of  Islamic Banking Industry in Indonesia, Malaysia and Pakistan. The technique that used in this research is Data Envelopment Analysis (DEA) as for measuring efficiency and thus Malmquist Index (MI) as for measuring productivity. The result of this research found that Islamic Banking Industry in Indonesia is facing inefficiency that shown by five years average that is not reach 100% efficiency rate. Malaysia also experiences the problem of inefficiency but the condition is better compared to Indonesia. In five years, the efficiency rate of Malaysia Islamic Bank has not reach 100% efficiency rate. Pakistan among the closest country that could reach an efficient rate level for their Islamic banks. Pakistan close to reach 100% efficient rate within the last five years. DOI: 10.15408/aiq.v9i2.5153