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Perbankan Syariah dan Pertumbuhan Ekonomi di Indonesia : Analisis Error Correction Model Yudhistira Ardana
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 7, No 1 (2022)
Publisher : Universitas Muhammadiyah Surabaya

The contribution of Islamic banks to Indonesia's economic growth has great potential to grow and develop. Islamic banks in Indonesia have shown a fairly good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia and the increasing number of Islamic banks in Indonesia. This study aims to examine the effect of Islamic banks on economic growth in Indonesia in the short and long term by using the error correction model (ECM). Sharia banking variables are proxied by the number of Islamic banks, the number of Islamic bank financing and assets of Islamic banks and economic growth is proxied by gross domestic product (GDP). The results show that in the short term the influence of Islamic banking on economic growth in Indonesia is 34.82% while the long term is 84.85%. In the long-term period the number of Islamic banks and assets of Islamic banks has a significant positive effect, while the amount of Islamic bank financing has a positive and insignificant effect. In the short-term period, the amount of Islamic bank financing and assets of Islamic banks has a negative insignificant effect, while the number of Islamic banks has a positive and insignificant effect.

Perbankan dan Pertumbuhan Ekonomi di Indonesia: Analisis Error Correction Model Yudhistira Ardana; Wulandari Wulandari; Dudi Septiadi
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 6, No 3 (2021)
Publisher : Universitas Muhammadiyah Surabaya

AbstractAs an effort to encourage domestic economic growth, the role of banking is very important. This is related to the banking function, namely as a distributor and collector of public funds. This study aims to measure the effect of banking on economic growth in Indonesia. Banking variables in this study are proxied by Commercial Bank Assets, Commercial Bank Financing and the Number of Conventional Commercial Banks in Indonesia. Then the Economic Growth variable is proxied by Gross Domestic Product. The analysis in this study uses the Error Correction Model approach. The results showed that simultaneously both the short and long term banking variables had a positive and significant effect on economic growth in Indonesia. While the partial test results, both short and long term, the banking variable which is proxied by the number of commercial banks and conventional commercial bank financing has a negative and insignificant effect. Meanwhile, the variables of commercial bank assets, both short and long term, have a positive and significant effect.Keywords: banking, economic growthAbstrak Sebagai upaya dalam mendorong pertumbuhan ekonomi dalam negeri, peran perbankan sangat penting dibutuhkan. Hal ini terkait dengan fungsi perbankan yaitu sebagai penyalur dan penghimpun dana masyarakat. Penelitian bertujuan untuk mengukur pengaruh perbankan terhadap pertumbuhan ekonomi di Indonesia. Variabel perbankan dalam penelitian ini diproksikan dengan Aset Bank Umum, Pembiayaan Bank Umum dan Jumlah Bank Umum konvensional yang ada di Indonesia. Kemudian variabel Pertumbuhan Ekonomi diproksikan dengan Produk Domestik Bruto. Analisis dalam penelitian ini menggunakan pendekatan Error Correction Model. Hasil penelitian menunjukkan bahwa secara simultan baik jangka pendek maupun jangka panjang variabel perbankan berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi di Indonesia. Sementara hasil uji secara parsial, baik jangka pendek maupun jangka panjang, variabel perbankan yang diproksikan dengan Jumlah Bank Umum dan Pembiayaan Bank umum konvensional berpengaruh negatif tidak signifikan. Sedangkan variabel Aset Bank Umum baik jangka pendek maupun jangka panjang berpengaruh positif dan signifikan.Kata Kunci: perbankan, pertumbuhan ekonomi

ANALISI PANEL DATA DALAM MENGUKUR DETERMINASI FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN SEKTOR PERTANIAN DI INDONESIA) Northa Idaman; Yudhistira Ardana
Jurnal Bisnis Darmajaya Vol 8, No 1 (2022): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30873/jbd.v8i1.3165

Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi nilai perusahaan pada perusahaan sektor pertanian di Indonesia dengan menggunakan model data panel. Ada beberapa keputusan manajemen yang berdampak pada nilai perusahaan, yaitu keputusan untuk melakukan manajemen laba, keputusan dalam penghindaran pajak, dan keputusan kebijakan hutang. Hasil dari penelitian ini adalah semua variabel yang digunakan dalam penelitian ini (manajemen laba, penghindaran pajak, dan kebijakan hutang) secara keseluruhan memiliki pengaruh terhadap nilai perusahaan. Semua variabel tersebut mempengaruhi nilai perusahaan sebesar 79,43%, sedangkan sisanya 20,57% dipengaruhi oleh variabel lain di luar model yang digunakan. Sedangkan secara independen dapat disimpulkan bahwa hutang dan kebijakan manajemen tidak berpengaruh signifikan dan memiliki hubungan negatif dengan nilai perusahaan. Sedangkan variabel penghindaran pajak memiliki hubungan yang signifikan dan positif dengan nilai perusahaan.Kata kunci - Nilai Perusahaan, Manajemen Laba, Penghindaran Pajak, Kebijakan Hutang

ANALISIS DATA PANEL DALAM MENGUKUR DETERMINAN PENGUNGKAPAN ENTERPRISE RISK MANAGEMENT PADA PERUSAHAAN PERBANKAN DI INDONESIA Yudhistira Ardana; Akhmad Faiz
Jurnal Bisnis Darmajaya Vol 8, No 2 (2022): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30873/jbd.v8i2.3304

Adanya risiko dalam setiap aktivitas bisnis memotivasi perusahaan untuk menerapkan strategi manajemen risiko yang efektif. Setiap perusahaan mendukung untuk lebih transparan dalam menyampaikan informasi dengan sifat perusahaan perbankan yang semakin kompleks. Hasil penelitian ini menyimpulkan bahwa model terbaik yang digunakan dalam penelitian ini adalah model data panel fixed-effect. Hasil estimasi menunjukkan bahwa secara simultan semua variabel yang digunakan dalam penelitian ini (size, dewan komisaris, kepemilikan publik dan leverage) berpengaruh signifikan terhadap Enterprise Risk Management pada perusahaan perbankan di Indonesia dengan proporsi sebesar 81,73%. Hasil penelitian secara parsial pada taraf signifikansi 5%, variabel size berpengaruh positif signifikan terhadap Enterprise Risk Management. Sedangkan variabel dewan komisaris berpengaruh positif dan tidak signifikan. Variabel kepemilikan publik dan leverage berpengaruh negatif terhadap Enterprise Risk Management.

Model Panel Data dalam Mengukur Determinasi Faktor-Faktor yang Berpengaruh terhadap Pembiayaan Murabahah pada Pebankan Syariah di Indonesia Yudhistira Ardana; Dudi Septiadi; Wulandari Wulandari
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 7, No 3 (2022)
Publisher : Universitas Muhammadiyah Surabaya

Murabaha financing disbursed by Islamic banks is influenced by two factors, namely internal and external factors of the bank. The internal condition of Islamic banking can be seen through the bank's financial statements which are described in financial performance ratios. Meanwhile, to see external factors, macroeconomic variables are used. This study aims to analyze the factors that influence the murabahah financing of Islamic banks using panel data. The variables used in this study are CAR (X1), FDR (X2), Inflation (X3), and SBIS (X4) as independent variables. Murabaha financing (Y) as the dependent variable. The estimation of panel data in this study uses the best model, namely random-effect. All variables used in this study have an effect or influence of 97.16% and the remaining 2.84% is influenced by other factors outside the model. In this study, partially the CAR variable has a significant negative effect, the SBIS variable has a significant positive effect, while the FDR and inflation variables have a significant negative effect on murabahah financing of Islamic banks in Indonesia.

MODEL PANEL DATA DALAM MENGANALISIS DETERMINAN PADA RETURN SAHAM DI INDONESIA: STUDI KASUS JAKARTA ISLAMIC INDEX Yudhistira Ardana
Reinforce: Journal of Sharia Management Vol 1 No 1 (2022)
Publisher : Faculty of Islamic Economic and Business (FEBI), Sayyid Ali Rahmatullah State Islamic University (UIN SATU) Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/reinforce.v1i1.5402

As a potential investor, you should analyze the financial performance of a company. Several methods that can be used are Economic Value Added, Market Value Added, and Cash Value Added. This study aims to analyze the factors that affect stock returns in companies listed on the Jakarta Islamic Index using the panel data model. The independent variables used in this study are EVA, MVA, and CVA. While the dependent variable is stock returns. The results showed that all the variables used in this study, namely EVA, MVA, and CVA, influenced stock returns in companies listed in JII. This is evidenced by the probability value of less than 5% (0.014374 < 0.05). These variables have a percentage in influencing stock returns of 32.91%, while the remaining 67.09% is influenced by other variables outside the model used. Meanwhile, independently, it can be concluded that EVA and CVA have no significant effect and have a negative correlation with stock returns. Meanwhile, MVA has a significant and positive correlation.

Mengukur Determinasi Faktor-Faktor yang Memengaruhi Nilai Aktiva Bersih (NAB) Saham Syariah di Indonesia Yudhistira Ardana; Salma Khoirunnisa; Kurnia Fadilah
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 8 No 3 (2023)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v8i3.18802

Sharia mutual funds in Indonesia continue to experience significant development. The number of mutual fund products is always increasing every year. There are several factors that influence the development of Islamic mutual funds in Indonesia. In addition to economic conditions, investment managers who manage sharia mutual funds are very important. This is because the investment manager plays an important role in circulating the funds managed by customers. This study aims to measure the factors that affect the Net Asset Value (NAV) of Islamic equity mutual funds in Indonesia by using a panel data model. The variables used are inflation (X1), interest rates (X2), exchange rates (X3), Jakarta Islamic Index (X4), mutual fund volume (X5), and age of mutual funds (X6) and Net Asset Value (NAV) of Islamic stock mutual funds. (Y). The best model used in this research is the random-effect panel data model. The estimation results show that simultaneously, all the variables used in this study have a significant effect on the Net Asset Value (NAV) of Islamic equity mutual funds in Indonesia with a percentage of 92.35%. Partially, inflation and exchange rate variables have a significant negative effect. Meanwhile, interest rates, the Jakarta Islamic Index, mutual fund volume, and the age of mutual funds have a significant positive effect on the NAV of Islamic stock mutual funds.

Mengukur Determinasi Variabel Makroekonomi dan Indeks Saham Syariah Indonesia: Analisis Error Correction Model Yudhistira Ardana; Dian Sugiarti
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 9 No 2 (2024)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v9i2.22243

In the Indonesian economy, the capital market is very important because it functions as an intermediary between parties who need funds and parties who have excess funds. This institution exists not only as a source of funding but also as a means. This research aims to analyze the influence of macroeconomic variables proxied by inflation, money supply, world gold prices, and world oil prices on the Indonesian Sharia Stock Index using the Error Correction Model. The research results show that both short-term and long-term macroeconomic variables simultaneously influence the Indonesian Sharia Stock Index. Meanwhile, partially, in the short term and long term, the money supply variable has a significant negative effect. The world gold price variable, both short-term and long-term, has a positive and insignificant effect. The world oil price variable, both short- and long-term, has a significant positive effect. The short-term inflation variable has an insignificant negative effect, and the long-term variable has a significant positive effect.

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