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All Journal Jurnal Keuangan dan Perbankan JDM (Jurnal Dinamika Manajemen) JEJAK Journal of Economics, Business, & Accountancy Ventura BAKI (Berkala Akuntansi dan Keuangan Indonesia) Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Jurnal Pasar Modal dan Bisnis Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Jurnal Manajemen dan Usahawan Indonesia Indonesian Capital Market Review The South East Asian Journal of Management International Journal of Accounting & Finance in Asia Pasific
Dony Abdul Chalid
Department Of Management, Faculty Of Economics And Business, Universitas Indonesia
Religion Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences

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Bank Branch Closure Assessment Using DEA Parsaulian, Renata; Chalid, Dony Abdul
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.27752

Abstract

The downward trend in the number of commercial bank offices is driven by the bank's efforts to shift banking transactions from physical branch to digital channels in order to improve efficiency. In prioritizing the branch closure, bank needs to define the appropriate method used in the analysis. This case study is intended to identify the parameter to determine the prioritization of bank branch office closure. This study uses a non-parametric approach of Data Envelopment Analysis (DEA) to examine the efficiency and productivity change of branch offices at one of the large bank in Indonesia. The one-stage DEA was used to generate the relative efficiency score, and the input-oriented Variable Return to Scale (VRS) assumption is adopted in data analysis based on the production approach. The Malmquist Productivity Index was also adopted to measure the total factor productivity change. The DEA result shows that a number of closed branches in 2019 and 2020 were actually considered efficient, with increasing productivity, compared to many other inefficient branches. The efficiency and productivity score can be further used by the bank’s management to evaluate the upcoming branch closure as well as the overall branches efficiency.
Dynamic Capital Structure and Its Speed of Adjustment: A Case of Listed Manufacturing Firms in Indonesia Anisti, Novia Putri; Chalid, Dony Abdul
JDM (Jurnal Dinamika Manajemen) Vol 12, No 1 (2021): March 2021 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v12i1.27753

Abstract

This study aims to examine the dynamic aspects in the capital structure decisions of manufacturing firms in Indonesia, offering a continuation to the existing literature on Indonesia by using a dynamic model, including the existence of optimal capital structure, the determining factors, the speed of adjustments, and the aiding theories to explain the findings. The findings show that Indonesian manufacturing firms do practice optimal capital structure and are altered by firm-specific and time-varying factors. Despite relatively recent data and more specific sample firms (one industry only), the results of this study still need to be further developed. The sample chosen focused on listed firms, hence the results may not be generalized to all Indonesian manufacturing firms. This research is expected to have profound implications for future studies of capital structure and might one day be able to help firms, investors, and authorities in making effective decisions, as well as analysts in observing the correlation between the capital structure theories and the financing practice of manufacturing firms in Indonesia.
Analisis Pengaruh CAR yang Memperhitungkan Risiko Kredit dan Risiko Pasar terhadap Kinerja Bank di Indonesia Nadia Putri Maharani; Dony Abdul Chalid
Jurnal Manajemen dan Usahawan Indonesia Vol 42, No 2 (2013): Jurnal Manajemen Usahawan Indonesia
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Indonesia

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Abstract

Dengan menggunakan data 124 bank umum konvensional di Indonesia selama periode2005 hingga 2010, penelitian ini bertujuan untuk melihat pengaruh tingkat CARterhadap kinerja perbankan. Dua jenis CAR digunakan dalam penelitian ini, yaitu CARdengan memperhitungkan risiko kredit dan CAR dengan memperhitungkan risikopasar, untuk melihat bagaimana CAR berpengaruh terhadap kinerja perbankanIndonesia, khususnya pada aspek profitabilitas, efisiensi, fungsi intermediasi, danrisiko. Hasil dari penelitian ini menunjukkan bahwa CAR memiliki hubungan signifikanpositif terhadap profitabilitas dan efisiensi perbankan Indonesia. Ini menunjukkan,bank dengan tingkat modal tinggi cenderung memiliki keuntungan lebih tinggi sertamampu beroperasi secara lebih efisien dibandingkan bank bermodal rencah. Akantetapi, penelitian ini tidak dapat membuktikan adanya pengaruh signifikan yangdiberikan oleh CAR kepada aspek fungsi intermediasi dan tingkat risiko perbankan diIndonesia. Selain itu, tidak terdapat perbedaan pengaruh yang signifikan antara keduajenis rasio CAR, kecuali terhadap rasio ROE. Hasil ini menunjukan bahwa kebijakankecukupan modal memiliki pengaruh yang signifikan dalam mempengaruhi kinerjabank, khususnya di Indonesia. Dengan kata lain, peraturan kewajiban penyediaanmodal yang ditetapkan oleh Bank Indonesia tidak memberikan dampak bagi dimensifungsi intermediasi dan risiko perbankan. Walaupun demikian, dari segi implementasikebijakan, hasil penelitian ini menunjukkan, kebijakan CAR yang ditetapkan oleh BankIndonesia efektif dalam meningkatkan profitabilitas dan efisiensi perbankan. Karenakunci yang melandasi hubungan positif antara CAR dengan profitabilitas dan efisiensiterletak pada penurunan loan loss, maka dapat disimpulkan bahwa peraturan CARefektif menekan perilaku risk-taker yang dimiliki oleh industri perbankan Indonesia.
Full-Fledged VS Islamic Bank Windows: Which One Do Muslim Consumers Know Better and Prefer More? Ratnasari, Nissa Ghulma; Hati, Sri Rahayu Hijrah; Chalid, Dony Abdul
IQTISHADIA Vol 14, No 2 (2021): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v14i2.9967

Abstract

The study aims to compare the knowledge of and preference for the Islamic banking window and the full-fledged Islamic bank among Muslim customers. Data were collected from 1171 banking clients. Data were analyzed using descriptive analysis. The results show most Muslim customers do not know the difference between the full-fledged Islamic bank and the Islamic banking window. Yet, most Muslim customers favor the full-fledged Islamic bank to the Islamic windows since it is perceived to be more sharia compliant. Thus, the study theoretically contributes to Muslim banking behavior literature by providing empirical evidence on customer knowledge and preference in choosing an Islamic bank. Besides, the study provides knowledge to both the Islamic bank windows and full-fledged Islamic bank on the Muslim customers' understanding of both channels' availability.
Dynamic Capital Structure and Its Speed of Adjustment: a Case of Listed Manufacturing Firms in Indonesia Anisti, Novia Putri; Chalid, Dony Abdul
JDM (Jurnal Dinamika Manajemen) Vol 12, No 1 (2021): March 2021 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v12i1.27753

Abstract

This study examines the determining factors and the speed of adjustment of manufacturing firms’ capital structure in Indonesia. This research uses data of 118 listed manufacturing companies from 2014 to 2018 and offers a continuation of Indonesia’s existing literature by applying a dynamic model.  The results reveal that Indonesian manufacturing firms practice optimal capital structure and are altered by firm-specific and time-varying factors. Firms’ decisions regarding capital structure are determined by firm-specific factors: non-debt tax shields, tangibility, and stock price performance. The results also indicate the speed of adjustment does exist, although the speed of adjustment finds lower than in previous research. The slowdown of the manufacturing industry growth from 2014 to 2018 turns out to be in line with the slow pace of leverage adjustment.  
Abnormal Return and the Charactersitics of Merger and Acquisition in Indonesia Luh Putu Gina Gisella; Dony Abdul Chalid
Journal of Economics, Business, & Accountancy Ventura Vol 20, No 1 (2017): April - July 2017
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v20i1.538

Abstract

Indonesia also have  experienced the practice of Merger and Acquisition (M & A) transaction, like other parts of the world. This study  aims to see if there are abnormal returns for the acquirer companies in M&A transactions that occurred in Indonesia, and also to test if there are some characteristics related to M&A that affects the abnormal returns. This study uses 143 M & A transaction data public company in Indonesia in 2005 until 2014. Event-study analysis was also conducted to find acquirer abnormal stock return around the announcement of M & A. In addition,  OLS regression was also conducted to find whether the cash payment method in the M & A negatively affects the abnormal return. The  condition of companies (Net Profit Margin, Sales Growth, firm value) also affect the abnormal return. This shows that the method of payment and acquire companies’ conditions have effects on the perception of investors towards M & A transactions that occured.
Peramalan Harga Saham Menggunakan Metode Support Vector Machine (SVM) Dony Abdul Chalid; Vincentius Ryan Cokrodiharjo
Jurnal Pasar Modal dan Bisnis Vol 3 No 1 (2021)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v3i1.59

Abstract

This study aims to analyze the accuracy of the Support Vertor Machine (SVM) model to predict stocks price. A combination of 28 forecasting periods and 30 input period technical indicators was used. Stock transaction data from 31 companies listed on the Indonesian stock exchange and actively traded between March, 2006 and February, 2018 were used. Results show that the highest system performance does not occur when the input period technical indicator is approximately equal to the forecast period. Although, the performance results differ among company stocks. However, the SVM prediction model provides greater profit than buy and hold strategy.
ANALISIS TINGKAT RESIKO SISTEMIK DAN KETERKAITAN FINANSIAL PERBANKAN DI INDONESIA Aprisal W. Malale; Dony Abdul Chalid
Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Vol 7 No 1 (2014): Jurnal BPPK (printed version)
Publisher : Badan Pendidikan dan Pelatihan Keuangan - Kementerian Keuangan Republik Indonesia

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Abstract

This article aims to Analyze the level of sistemic risk in the banking sector of indonesia to see trade linkages and value of the shares of the banks in indonesia . The study was conducted on 16 banks whose shares are actively traded on the indonesia stock exchange, by using quantile regression with CoVar research model. The measurement result and systemic risk analysis showed that the the majority of individual banks provide additional contributions to the overall concluded that the individual risk of a banks that is conditioned to the risk of other bank generates additional diverse risks. It is confirmed that when a bank experiencing distries, this condition does not necessarily provide additional individual risk to other banks. Based on these results, it is suggested to the government to carry out special supervision by OJK to banks with high systemic risk contrubution and strong and strong financial linkages with other banks by monitoring the movement of its shares.
The Impact of Business Diversification on Performance of IDX Listed Firms Humarseno, Ony; Chalid, Dony Abdul
The Indonesian Capital Market Review Vol. 5, No. 2
Publisher : UI Scholars Hub

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Abstract

This study analyzes the correlation between business diversification and performances in Indonesian listed companies from 2006-2011. In addition to observing business diversification impact on company’s performance in term of Return on Assets (ROA) and Tobin’s Q, this research also observes the business diversification impact on the performances of different companies at different level. The result of this research indicates that diversification gives negative effect to ROA and Tobin’s Q, while for higher level of diversification, the effect on Tobin’s Q is relatively high. The negative effect of diversification on ROA is higher in the group of companies with higher ROA. The different results show that when using Tobin’s Q as a measure of companies’ performances, diversification gives negative impact to companies’ performance in the intermediate level.
Stock Returns and Inflation: Evidence from Emerging Markets in Asia Isnandari, Melati Laksmindra; Chalid, Dony Abdul
The Indonesian Capital Market Review Vol. 9, No. 1
Publisher : UI Scholars Hub

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Abstract

This study examines the capability of stock from various industries to act as an inflation-hedge instrument, specifically in eight emerging-market Asian countries. By using monthly data for the period from 2001 to 2014, this study focuses on the relation between stock returns and inflation. The results of this study indicate that stocks from some non-cyclical industries have the capability to act as inflation-hedge instruments. Stocks that have the capability to inflation-hedge are come from industries with the natural characteristic of being a defensive industry.
Co-Authors Aiyubi, Rangga Yusuf Anindya Apta Apsari Anisti, Novia Putri Aprisal W. Malale Hati, Sri Rahayu Hijrah Humarseno, Ony I Made Pradityarjuna Mahatmyam Mahayana Isnandari, Melati Laksmindra Luh Putu Gina Gisella Mery Mery Muhammad Faisal Sihite Nadia Putri Maharani Parsaulian, Renata Ratnasari, Nissa Ghulma Rifki Nurfaiz Vincentius Ryan Cokrodiharjo