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All Journal IQTISHADIA JBTI : Jurnal Bisnis : Teori dan Implementasi Al-Muzara'ah Jurnal Ekonomi & Keuangan Islam Owner : Riset dan Jurnal Akuntansi Jurnal Informatika Ekonomi Bisnis Enrichment : Journal of Management AMAR (Andalas Management Review) Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Ekasakti Jurnal Penelitian dan Pengabdian (EJPP) Journal of Social Research e-Jurnal Apresiasi Ekonomi Business and Investment Review Jurnal Informatika Ekonomi Bisnis

Mohamad Fany Alfarisi

Universitas Andalas

Author-ID : 2806252

Religion Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Library & Information Science Public Health Social Sciences Other

Published : 25 Documents Claim Missing Document

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Articles

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The Effect of Oil Prices, Gold and Exchanges on JCI During the Covid-19 Sri Wahyuni Lubis; Mohamad Fany Alfarisi; Fajri Adrianto
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (872.875 KB)

This study aims to determine the effect of changes in crude oil prices, gold prices, and exchange rates on the volatility of the Composite Stock Price Index (JCI) during the Covid-19 pandemic. Using quantitative methods with descriptive research typeswith composite stock price index (CSPI) data, crude oil price data (WTI), gold price data (London Gold) and data on the Rupiah exchange rate against the Dollar during the Covid-19 pandemic starting from 02 March 2020 to 25 March 2021 taken from Datastream at Eikon Faculty of Economics, Andalas University, Padang and obtained 275 samples. The results of the study using the Arch/Garch method found that there was no significant effect between the price of Crude Oil on the JCI, while for the price of Gold there was a significant positive effect on the JCI and for the exchange rate there was no significant effect on the JCI. The results of the ARIMA forecasting method until March 25, 2022 found that the JCI tends to increase, as seen from the second quarter of 2021 (beginning of forecasting) to the first quarter of 2022, the JCI continues to move up. Crude Oil Prices have decreased until the first quarter of March 2022, Gold prices tend to be stable with not too many significant changes. Meanwhile, the Rupiah Exchange Rate against the US Dollar experienced an appreciation, moving up until the end of the forecast in the first quarter of 2022.

Analysis of Sharia Stock Performance with Conventional Stocks Before and During the Covid-19 Pandemic on the Indonesia Stock Exchange Ria Amelia; Mohamad Fany Alfarisi; Rida Rahim
Enrichment : Journal of Management Vol. 12 No. 4 (2022): October: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Penelitian ini bertujuan untuk menganalisis kinerja saham syariah dan saham konvensional sebelum pandemi Covid-19 dan selama pandemi Covid-19 di Bursa Efek Indonesia. Sampel yang digunakan adalah saham-saham yang terdaftar di Jakarta Islamic Index (JII) sebagai representasi untuk saham syariah dan saham yang terdaftar di Indeks IDX30 sebagai representasi untuk saham konvensional dengan menggunakan teknik purposive sampling. Data yang digunakan adalah harga penutupan bulanan periode Januari 2018 sampai dengan Desember 2021. Penelitian ini menggunakan Risk Adjusted Performance dari Sharpe ratio, Treynor ratio dan Jensen alpha ratio untuk melihat kinerja saham dan menggunakan Independent sample t test atau Mann u Uji Whitney untuk melihat apakah ada perbedaan yang signifikan antara saham syariah dan saham konvensional.

Awareness Nazir Cash Waqf Registered in the Agency West Sumatra Waqf Against Management Risk Ria Anjani; Mohamad Fany Al Farisi; Rida Rahim
Enrichment : Journal of Management Vol. 12 No. 3 (2022): August: Social Science, Economics
Publisher : Institute of Computer Science (IOCS)

This study aims to find out how Nazir's awareness registered with BWI (Indonesian Waqf Board) West Sumatra Region towards cash waqf risk management, knowing what risks exist in each institution and how to mitigate the risks that exist in the institution. The research method uses a mixed exploratory method, preceded by structured interviews and then filling out online questionnaires. The results of the study show that overall nazir registered with BWI West Sumatra Region has an awareness of the risks of cash waqf management, the risks contained in the institution consist of financial risk, operational risk, sharia non-compliance risk and reputation risk. Risk mitigation carried out includes investing cash waqf in the form of deposits, investing in own products, making soup (standard operating procedures), having a DSN-MUI certified supervisory board, fulfilling the mandate of wakif, transacting only with Islamic banks, making certificates as nazir who registered with BWI, conducting socialization about cash waqf, reporting and commitment to be willing to be audited and others. With the small number of cash waqf owned by some of these money waqf nazir institutions, it indicates that the public's interest and knowledge of cash waqf is still low. Whereas West Sumatra is an area with a Muslim majority, which should have good knowledge and literacy regarding cash waqf.

Announcement Of Reduction In BI7DRR Interest Rate For 2019 To 2021 On Abnormal Return And Cumulative Abnormal Return Of Indonesian Banking Share Deswita Murdiana; Fajri Adrianto; Mohamad Fany Alfarisi
Enrichment : Journal of Management Vol. 12 No. 3 (2022): August: Social Science, Economics
Publisher : Institute of Computer Science (IOCS)

This study aims to determine the significant positive abnormal return on Indonesian banking stocks during the announcement of the BI7DRR interest rate cut, to determine the difference between average abnormal returns and cumulative abnormal returns in Indonesian banking stocks before and after the announcement of the BI7DRR interest rate cut in 2019 to 2021. The study This is an event study of 10 announcement dates with an event period of 12 days, namely -5, event date, +5. The sample used is 22 banking companies selected using purposive sampling technique. This study used One Sample t-Test, Paired Samples t-Test, Wilcoxon One Sample and Wilcoxon Paired Samples. The results show that firstly, there was a significant positive abnormal return in Indonesian banking stocks when the announcement of the BI7DRR interest rate cut on 17-18 July 2019 (2nd event date) had Event Study, BI7DRR Interest Rate Reduction,Abnormal Return, Cumulative Abnormal Return a significant value of 0.006 or 0.6%, 19-20 February 2020 (event date). 1) significant value 0.012 or 1.2%, June 17-18 2020 (2nd event date) significant value 0.014 or 1.4% and July 15-16 2020 (2nd event date) significant value 0.016 or 1.6%. Second, there was no abnormal return on Indonesian banking stocks which was significantly positive when the BI7DRR interest rate cut was announced on 21-22 August 2019, 18-19 September 2019, 23-24 October 2019, 18-19 March 2020, 18-19 November 2020 and 17-18 February 2021. Third, there are differences before and after the announcement of the BI7DRR interest rate cut by showing the results of significant average abnormal returns & cumulative abnormal returns on 18-19 September 2019 a significant value of 0.012 or 1.2%, 19-20 February 2020 significant value is 0.0001 or 0.01% and on 17-18 February 2021 the significant value is 0.013 or 1.3%. Fourth, there is no difference in average abnormal returns & cumulative abnormal returns before and after the announcement of BI7DRR Interest Rate reduction on 17-18 July 2019 significant value of 0.069 or 6.9%, 21-22 August 2019 significant value of 0.115 or 11.5%, 23-24 October 2019 significant value 0.685 or 68.5%, March 18-19 2020 significant value 0.372 or 37.2%, June 17-18 2020 significant value 0.390 or 39%, July 15-16 2020 significant value 0.091 or 9.1%, and 18-19 November 2020 significant value 0.610 or 61%.

Factors Affecting Company Value Khairul Rahman; Mohamad Fany Alfarisi; Masyhuri Hamidi
Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

This study aims to analyze the effect of managerial Ownership Structure, Liquidity, Profitability, Profit Growth and Capital Structure on firm value in manufacturing companies in the basic and chemical industrial sectors as well as in the consumer goods sector. The population of this study amounted to 142 companies listed on the IDX and used a sample of 20 companies in the basic and chemical industry sector and 16 companies in the consumer goods sector that have been listed on the IDX for the 2016-2020 period. Sampling in this study using non-probability sampling method using purposive sampling technique. The results of research in the basic and chemical industry sectors obtained that managerial ownership structure has an insignificant negative effect on firm value, Liquidity has a positive and insignificant effect on firm value and profitability, growth earnings and capital structure have a negative and significant effect on firm value in the basic and chemical industry sectors

Analysis of the Purpose of Use of Funds on the Performance of Companies Conducting Initial Public Offerings (IPO) in 2016-2020 Mesy Ayusari; Fajri Adrianto; Mohamad Fany Alfarisi
Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v12i5.993

One of the objectives of a company conducting an IPO is to obtain long-term funding and short-term funding without being burdened by interest. As mentioned earlier, the company was founded for the company's sustainability in the long term related to capital such as acquisitions, investments, paying debts, expanding, and many others. Not only in the initial release of shares to the capital market, the ease of obtaining capital will also apply in the future. Several things can be done by companies after carrying out an IPO such as private placement, secondary offering, or through a limited public offering. The first hypothesis found that fixed asset investment partially has a significant effect on profitability. The second hypothesis found that working capital financing has a significant effect on profitability in IPO companies for the 2016-2020 period. The results of testing the third hypothesis found that investment in share of stock partially has a significant effect on profitability. The results of testing the fourth hypothesis found that dept repayment partially has no significant effect on profitability. And the results of testing the fifth hypothesis found that leverage has no significant effect on profitability

Co-Authors A. Agestayani Abel Tasman Cintya Salsabilla Deswita Murdiana Fajri Adrianto Faradilla Suretno Filardi Rahmadani Gina Aulia Gustina Ivo Nila Krisna Khairul Rahman Martalia Widianti Masyhuri Hamidi, Masyhuri Mesy Ayusari Muhammad Farras Aroes MUHARJA, FAJRI Nadya Fritanita Julyazti Puti Lenggo Geni Ria Amelia Ria Anjani Rida Rahim Rizki Fadhel Saputra, Syailendra Eka Silvi Delfiani Silvi Delfiani Sri Wahyuni Lubis Syukri Lukman Vera Pujani Yulia Hendri Yeni

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