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STUDI TENTANG INTERVENSI ETIKA DAN PENINGKATAN MORAL MAHASISWA Najmudin Najmudin; Wiwiek R. Adawiyah
Jurnal Bisnis dan Ekonomi Vol 18 No 1 (2011): Vol. 11 No. 1 Maret 2011
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Stikubank

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Abstract

The purpose of the study is to analyze the moral development of students from AccountingDepartment and Management Department at Economic Faculty Unsoed. This study is a surveywith the methods of collecting data using questionnaires. The population is a student at theFaculty of Economics, University of Jenderal Sudirman. The sample was taken by purposivesampling technique and sampling considerations which selected students who are still active inthe International Accounting Department and International Management Department. Theinstrument used to measure the moral development of students was defining issue test (DIT).Research findings indicate that students who have attended ethical class have better moraldevelopment as compared to those who have not taken the course. Moreover Accountingstudents have not better moral development as compared to students from ManagementDepartment. Based on the findings, it is recommended that ethics should be offered to economicsstudents since it appears to affect student’s moral development. In addition, the inclusion ofethics as a course must be offered to other departments too, as the case of accounting departmentand management department.Key Words: Ethic, Moral Development, DIT
Determinan Pelarangan PraktikShort Selling dalam Lingkup Pasar Modal Syariah dan Realitasnya di Indonesia Wiwiek R. Adawiyah; Najmudin Najmudin
Asy-Syir'ah: Jurnal Ilmu Syari'ah dan Hukum Vol 45, No 1 (2011)
Publisher : Faculty of Sharia and Law - Sunan Kalijaga State Islamic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ajish.2011.45.1.%p

Abstract

Capital market is an activity related to public offering and trading of securities, public companies relating to the issuance of securities, institutions and professionals associated with the effects. One of the most popular financial instruments and commonly used in conventional capital market, including in Indonesia Stock Exchange (Bursa Efek Indonesia) is short-selling. In regulation of Bapepam-LK No. V.D.6, short-selling is the sale of securities in which the securities are not owned by the seller when the transaction is executed. In general, this transaction clearly violated syariah guidance, as embodied in the Fatwa of DSN-MUI No. 20 Year 2001 and No. 40 year 2003, because of short-selling synchronized with the bay' ma'dum based on the hadith "You may not sell anything which are not your belongings". Therefore, this paper aims at studying the issues surrounding the interpretation and the reality of short-selling instruments. Three main results obtained were permissibility of shares as the object of the loan contract, the issue of bay 'ma'dum can be interpreted as a collateral of delivery which can be controlled by the rules of Bapepam-LK, and thirdly, the economic benefit from the imposition of a fee in the formof the loan contract is concluded as a forbidden usury.
EFEK HARI PERDAGANGAN TERHADAP RETURN DAN VOLATILITASNYA PADA SAHAM INDEKS LQ45 DI BURSA EFEK INDONESIA Najmudin Najmudin; Jaryono Jaryono
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 12 No 1 (2010): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

This research aims to 1). test and determine trading day having return which highest and lowest, 2). test the effect of trading days on stock return, and 3). determine trading day having highest and lowest volatility by using three models: OLS, GARCH ( 1,1), and GARCH-M ( 1,1). By using the daily price data of stocks listed at LQ45 index, the study obtains results that 1). There is no return which is lowest at bourse trading days, while return which is highest happened at Friday, 2). Trading days have effect to return stock, and 3). Five trading days in Indonesia Stock Exchange have the same volatility.
KOMPOSISI KEPEMILIKAN SAHAM, LIKUIDITAS DAN ABNORMAL RETURN DI SEKITAR PENGUMUMAN STOCK SPLIT PADA PERUSAHAAN PUBLIK DI BURSA EFEK JAKARTA Najmudin Najmudin; Nurhayati Indiyastuti
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 5 No 2 (2007): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

This paper aims to examine: (1) The effect of stock splits on share ownership composition, liquidity, and return for splitting firms; (2) Linkages among those three variables and ownership composition prior to the split as a conditioning variable; and (3) Relationship between liquidity change and ownership composition change as anintervening variable. The sample observed in this study was the firm listed at Jakarta Stock Exchange during period 1995 - 2000 and splitting the stock during January 1997 – December 1998, this sample was selected based on purposive sampling method. The research method used is event study, i.e. research methodology designed to measure the impact of an event of interest on stock returns.The analysis yields three main results: (1) The stock split does not change the ownership composition and the level of liquidity. (2) The effect of stock split on ownership composition and liquidity is conditional on the level of institutional ownership prior to the split. Firms with high institutional ownership prior to the split experience decrease in institutional ownership, while firms with low institutional ownership prior to the split do not change. Changes in liquidity are negatively affected by the level of institutional ownership prior to the split and positively affected by changes in institutional ownership proportion. (3) There are positive abnormal returns following the stock split. The abnormal returns are not related to the level of institutional ownership prior to the split.
DETERMINAN STRUKTUR MODAL DAN STRUKTUR HUTANG PADA PERUSAHAAN ANGGOTA JAKARTA ISLAMIC INDEX DI BEI Najmudin Najmudin
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 19 No 1 (2014): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

The purpose of this paper is to examine the causality of determinants on capital structure and debt lifetime. This study investigates 30 companies of Jakarta Islamic Index (JII) that have been listed on the Indonesian Stock Exchange (IDX) over a three-year period. In total, 30 companies of JII are qualified to be included in the study sample according to the availability and continuity of published financial statements. Variables used for the analysis include leverage ratios (total debt (TD), and long-term debt (LTD)), profitability, growth, firm size, age, asset structure, and liquidity. The panel character of data allows for the use of panel data methodology. Panel data involves the pooling of observations on a cross-section of units several times. The regression analysis has shown that TD ratio is positively influenced by GRT and LIQ, and negatively by ROA, and has no significant causality from SIZ, AGE, and TAN. On the other hand, LTD ratio is positively influenced by SIZ, TAN, and LIQ, and negatively by ROA, and has no significant causality from GRT and AGE.
INVESTIGASI KAUSALITAS KEAHLIAN PEMILIHAN SAHAM, KEMAMPUAN MARKET TIMING, UKURAN DAN UMUR REKSA DANA SEBAGAI DETERMINAN KINERJA REKSA DANA SAHAM Syifa Fitriani; Najmudin Najmudin; Sigit Wibowo Dwi Nugroho
Jurnal Ekonomi Bisnis dan Akuntansi (JEBA) Vol 24, No 2 (2022)
Publisher : Ilmu Ekonomi Pembangunan Fakultas Ekonomi dan Bisnis Unsoed

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (300.047 KB) | DOI: 10.32424/jeba.v24i2.3013

Abstract