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Journal : BISNIS

The Factors that Influence the Loan Repayments of Credit Union Members and Performance Analysis on Credit Union Rasyidi, Achyar; Firdaus, Muhammad; Sasongko, Hendro
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 22, No. 1
Publisher : UI Scholars Hub

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Abstract

Takera Credit Cooperative has a high level of non-performing loans (NPL) at 6.60 percent with greater emphasis on financial aspects in measuring its performance. The purpose of this study includes: (1) To analyze the factors that influence the loans repayments of the members of Takera Credit Cooperative to decrease NPL below 5 percent, (2) To evaluate the performance of Takera Credit Cooperative based on the Balanced Scorecard approach, (3) To formulate the alternative policy that become priority in improving the management performance of Takera Cooperative Credit. This research paper uses the case study approach on the factors that influence the loans repayments of the members, which is analyzed using logistic regression and descriptive analysis. The performance of Takera Credit Cooperative is analyzed with AHP in weighting scoring criteria on BSC perspective. The results of this study are: (1) Loans is given to the members in the group with a "common bond". To conduct financial literacy and monitoring members whose age are above 30 years with low income, but with high loans ceiling and interests rate. Maximizing profits from lending and investment assets. (2) Encouraging members to meet obligations and utilize products. To provide rewards for active members. To create a database of members, To employ special staff for financial counseling and marketing. (3) Revising the Standard Operational Procedure on management of loans risk. Providing shuttle service for savings and loan installments. (4) To the competence of staff for education, training, and mentoring. To provide access to the staff to the strategic information through the use of management information system technology. To create individual staff performance agreement form and developing remuneration packages.
Building an Optimal Portfolio on Indonesia Sharia Stock Index (ISSI) Hadiyoso, Asto; Firdaus, Muhammad; Sasongko, Hendro
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 22, No. 2
Publisher : UI Scholars Hub

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Abstract

Indonesian economy is particularly susceptible to capital outflow and net sell position due to the relatively high share of foreign ownership in the stock and government debt market. One of the efforts to reduce the vulnerability is to increase the involvement of public participation in the capital market. The purpose of this study was to establish the optimal portfolio generated from stocks listed on Indonesia Sharia Stock Index (ISSI) and measure its performance in order to determine its potential as an instrument for the major community to invest in the stock market. Calculations using single index model approach, daily stock price data and inflation rate as a proxy of the risk free rate, produce the optimal portofolio composed of forty three stocks with preferable yield and risk than the markets (Jakarta Composite Index). The number of stocks and the value of risk which is smaller than the market risk indicate that the portfolio are well diversified. The results of the performance test using Jensen’s Alpha method shows that the portfolio are able to outperform the market, JII, and ISSI.
Co-Authors 'Aini, Qurratul ., Kamelia Achyani, Ratno Achyar Rasyidi, Achyar Ade Permana, Angga Agus Indarjo Agus Indarjo Agustina Agustina Aisyah Fitri Yuniasih Alla Asmara Alukadinata, Atra Ambariyanto Ambariyanto Amirul Mukminin Annisa Fitria Asbar Laga, Asbar Astari, Lilik BONAR M. SINAGA Brian Bonte, Stenly cahyadi, jimmy Dara, Daryos Dede Hermawan Dhimas Wiharyanto Ermawaty - Maradhy Etiana, Etiana Fadil, Jazuli Fahrizal Amir Febriansyah Febriansyah Gazali Salim GS , Achmad Daengs Gusman, Ery Habib, Ahmad Hadiyoso, Asto Hendro Sasongko Heriyana Heriyana Heriyana Heriyana Idqan Fahmi Ira Maya Abdiani Julian Ransangan Kamelia . Kurnia Wiji Prasetiyo Lukman M. Baga Meildia Sari MT, Sugiono Muh. Wahyu Syabani Muhaimin Dimyati Muhammad Fajar Alvian Muhammad Ridwan Muhammad Rizki Muhammad Yusuf Awaluddin Mursalin, Muhammad Nugraeni, Christine Dyta Nurdin Hendri Pahlevi, Muhammad Lanza Permana Ari Soejarwo Permana Ari Soejarwo Prakoso, Lukman Yudho Putra, Imam Pangestiansyah Putra, Oddy Virgantara Putra, Tama Kulana Rahmat Hidayat Razai, Tengku Said Rifki Ristiawan Risdandi, Bayu Sari, Meildia Setiawan, M. Satria Shoffin Nahwa Utama Sidiq, Cholidun Ahmad Simanjuntak, Ricky Febrinaldy Simbolon, Muhammad Eka Mardyansyah Slamet Sutomo Stenly Brian Bonte Subyakto Subyakto Suhud, M. Aris Sulaiman Sulaiman Supriadi Supriadi Syahrun - Syamani, Firda Aulya Tri Rustiadi, Tri Vera Lisna Wahyuni, Eling Sri Weliyadi, Encik Wirasti, Revia Yuniarti Yuniarti Yusuf Sudo Hadi Yusuf, Diasitta ZURAIDAH ZURAIDAH