Claim Missing Document
Check
Articles

Found 15 Documents
Search

Pengaruh Variabel Makroekonomi terhadap Indeks Saham Syariah di Indonesia: Model ECM Yudhistira Ardana
Esensi: Jurnal Bisnis dan Manajemen Vol 6, No 1 (2016)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v6i1.3118

Abstract

The Impact of Macroeconomics Variables to Islamic Stock Index in IndonesiaThis 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
Tingkat Suku Bunga, Kinerja Keuangan, dan Bagi Hasil Deposito Pada Perbankan Syariah Yudhistira Ardana; W Wulandari
Esensi: Jurnal Bisnis dan Manajemen Vol 8, No 2 (2018)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v8i2.8392

Abstract

The composition deposit fund in the last three years had increased in sharia banks mainly in the form of time deposits. This study aims to analyze the Interest Rate, Financial Performance and Profit Sharing on Islamic Banking. This research used error correction model as tools of analysis. The results showed that in the short term the variables that significantly influence the profit sharing of mudharabah deposits in the sharia banks in Indonesia are BOPO and ROA, while the FDR, NPF and BI rate variables have no effect. In the long term the influential variables are BOPO, FDR, NPF and BI rate, while ROA has no effect. This result implies that profit sharing yields determined by some of the financial performance indicators, and not affected by the interest rate.DOI: 10.15408/ess.v8i2.8392
Meningkatkan Kinerja Keuangan dan Nilai Perusahaan Dalam Berinvestasi Yudhistira Ardana
JURNAL ILMIAH MANAJEMEN & BISNIS Vol 19, No 2 (2018): Oktober - Maret
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (378.323 KB) | DOI: 10.30596/jimb.v19i2.2020

Abstract

This study aims to determine the effect of financial performance on firm value. Data collection was carried out from 2012 until 2017. This study analyzed the effect of financial performance which is proxied by 3 (three) independent variables, namely quick ratio, Return on Assets (ROA), Debt to Total Assets Ratio to Price Book Value (PBV) for companies listed in the Jakarta Islamic Index (JII). The data analysis technique used in this study 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 firm value as measured by Price to Book Value (PBV). While the independent variable liquidity ratio measured by the quick ratio has no influence on the value of the company
Kondisi Makroekonomi Terhadap Tingkat Pembiayaan Bermasalah Bank Umum Syariah di Indonesia (Periode Januari 2009-Desember 2015 dengan model ECM) Yudhistira Ardana
MediaTrend Vol 12, No 1 (2017): Maret
Publisher : Trunojoyo University of Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/mediatrend.v12i1.1537

Abstract

The role of banks as financial institutions have never escaped from the credit or financing problems. For Islamic banks, the large amount of funding given to the growing risk of consequences to be borne by the banks concerned. On the other hand, the macroeconomic shocks also have an impact on the financial risk borne by Islamic banking. The purpose of this research is to empirically analyze the effect of macroeconomic conditions (interest rate, GDP, exchange rate, and inflation) on the Non-Performing Ratio (NPF) of Islamic banking in Indonesia in the period January 2009 to December 2015. The data analysis used in this study is Error Correction Model (ECM) of the aggregate data shariah banking in Indonesia.
VARIABEL MAKROEKONOMI TERHADAP INDEKS SAHAM SYARIAH INDONESIA (PERIODE MEI 2011-SEPTEMBER 2015 DENGAN MODEL ECM) Yudhistira Ardana
MediaTrend Vol 11, No 2 (2016): Oktober
Publisher : Trunojoyo University of Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/mediatrend.v11i2.1441

Abstract

This study aimed to analyze the effect of macroeconomic variables on Indonesian Islamic stock index. Macroeconomic variables used is the interest rate of Bank Indonesia (BI-rate), inflation, exchange rate, Bank Indonesia Certificates Sharia (SBIS) and world oil prices. The data used in this research is secondary data during the period May 2011 until September 2015 using a model error correction model (ECM) where the end result is going to measure the effect of macroeconomic variables on Indonesian Sharia Stock Index in the short term and long term.
Faktor-faktor yang Mempengaruhi Holding Period Saham Yudhistira Ardana; Tiara Novia Fatrin; Wulandari Wulandari
Benefit: Jurnal Manajemen dan Bisnis Volume 3 No 1 Juni 2018
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v3i1.6117

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.
Implementasi Good Corporate Governance (GCG) dalam Mengukur Risiko dan Kinerja Keuangan Bank Syariah di Indonesia Yudhistira Ardana
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 4, No 1 (2019)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (343.63 KB) | DOI: 10.30651/jms.v4i1.2587

Abstract

Good Corporate Governance (GCG) is one of the key elements in increasing economic efficiency that can help create a conducive and accountable relationship between elements of a company (board of commissioners, board of directors, and shareholders) in order to improve the company's financial performance. This study aims to reveal the influence of Good Corporate Governance (GCG) which is proxied by managerial ownership, institutional ownership, independent board of commissioners and sharia supervisory board in measuring the risk of financing and financial performance of Islamic banks in Indonesia. The results of this study as a whole can be concluded that, Good Corporate Governance (GCG) in measuring risk and financial performance of Islamic banks has no significant effect.
Model Koreksi Kesalahan dalam Mengukur Pengaruh Akad-Akad Pembiayaan terhadap Profitabilitas pada Bank Muamalat Indonesia Yudhistira Ardana; Wulandari Wulandari; Winda Rika Lestari
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 5, No 1 (2020)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (631.062 KB) | DOI: 10.30651/jms.v5i1.4514

Abstract

Jumlah bank syariah di Indonesia dari tahun ke tahun semakin meningkat dan menunjukkan bahwa bank syariah mendukung pelaksanaan pembangunan nasional. Persaingan antar bank syariah dalam hal inovasi produk juga semakin menarik. Penelitian ini bertujuan untuk mengnalisis akad pembiayaan murabahah, mudharabah, dan musyarakah terhadap profitabilitas pada Bank Muamalat. Penelitian ini menggunakan model koreksi kesalahan dalam melakukan analisis. Hasil penelitian menunjukkan bahwa baik dalam jangka pendek maupun jangka panjang variabel akad murabahah dan musyarakah berpengaruh negatif tidak signifikan terhadap profitabilitas Bank Muamalat. Sedangkan variabel akad mudharabah berpengaruh negatif signifikan baik jangka pendek maupun jangka panjang terhadap profitabilitas Bank Muamalat.
Mengukur Tingkat Determinasi Variabel Makroekonomi Terhadap Kinerja Reksadana Syariah Menggunakan Error Correction Model Yudhistira Ardana; Etty Puji Lestari; Suhartono Suhartono
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 5, No 2 (2020)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (408.549 KB) | DOI: 10.30651/jms.v5i2.5320

Abstract

At present, investment is considered important in line with the uncertainty of global economic conditions. The public is required to be creative in financial management. Among them is by investing in Islamic mutual funds. This study aims to analyze the short-term and long-term effects of Bank Indonesia interest rates, exchange rates and inflation on the performance of Islamic mutual funds in Indonesia using the Error Correction Model. The results show that in the short-term and long-term periods simultaneously, all variables (Bank Indonesia interest rates, exchange rates and inflation) significantly influence the performance of Islamic mutual funds in Indonesia. In the short-term period, the exchange rate and inflation partially have a positive and insignificant effect, while Bank Indonesia interest rates have a negative and no significant effect on the performance of Islamic mutual funds. In the long term period, the exchange rate and inflation partially have a positive and significant effect, while Bank Indonesia interest rates have a negative and significant effect on the performance of sharia mutual funds.
Kinerja Keuangan dan Nilai Perusahaan : Analisis Data Panel pada Jakarta Islamic Index Yudhistira Ardana
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 3, No 2 (2018)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (310.296 KB) | DOI: 10.30651/jms.v3i2.1765

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.