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DEBT POLICY ANALYSIS AS A MEDIATION OF FINANCIAL DISTRESS PREDICTIONS FOR COMPANIES REGISTERED AT THE JAKARTA ISLAMIC INDEX (JII) IN 2013-2016 Maudy, Witri Aulia; Tanjung, Hendri
Hunafa: Jurnal Studia Islamika Vol 15 No 2 (2018): ISLAMIC ECONOMY
Publisher : State Institute of Islamic Studies (IAIN) Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1075.549 KB) | DOI: 10.24239/jsi.v15i2.523.367-404

Abstract

This study aims to determine the effect of Debt Policy (DER) on Financial distress (Altman Z-score Modification) and the influence of Managerial Ownership (MOWN), Dividend Policy (DPR), Profitability (ROA), Liquidity (CR), Company Size (SIZE), to the Debt and Financial distress Policy. This paper also looks the indirect effect of Debt to Financial distress Policy. The data is analyzed by using path analysis. Based on the Lisrel output results, the covariance matrix of path model estimation is not statistically different from the sample data covariance matrix. The population in this research is companies, which are registered in JII period 2013-2016. By judgment sampling technique, only 20 companies are obtained. Total data of this research is 80 company data. This study finds that debt policy is negatively significant to Financial distress. Managerial ownership and liquidity do not significantly affect debt policy. Dividend policy, profitability, and company size have no effect on debt policy. On the other hand, Managerial Ownership, Dividend Policy, Profitability and Company Size as a whole affects the Financial distress. However, simultaneously Managerial Ownership, Dividend Policy, and Company Size are negatively insignificant, while Profitability and Liquidity have a positive effect although not significant to Financial distress company. From the calculation of direct and indirect influence, it is known that the indirect influence is bigger than direct influence.
Analisis Votalitas Saham di Jakarta Islamic Index (JII) periode Januari 2015-Januari 2018 Tanjung, Hendri; Martua Siregar, Taufik Akbar
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3225.222 KB) | DOI: 10.12928/ijiefb.v1i1.270

Abstract

Penelitian ini bertujuan untuk melihat volatilitas Jakarta Islamic Index (JII) pada Jakarta Stock Exchange. Adapun teknik analisis yang digunakan pada penelitian ini adalah Generalized Autoregressive Conditional Heteroscedasticity (GARCH) dan Autoregressive Conditional Heteroscedasticity (ARCH). Kenormalan distribusi tingkat return pada JII dianalisis untuk menjawab apakah returnnya tersebar secara normal atau tidak. Dengan menggunakan data JII dari januari 2015 sampai dengan januari 2018 (724 data harian), ditemukan bahwa distribusi dari return JII tidak menyebar normal. Penelitian ini menyimpulkan bahwa return dari Jakarta Islamic Indeks sangat berfluktuasi.  Adapun implikasinya adalah akan diperoleh keuntungan yang sangat tinggi dan kerugian yang sangat besar pada satu hari.
KRITIK EKONOMI KONVENSIONAL DAN SOLUSI EKONOMI ISLAM Tanjung, Hendri
Hunafa: Jurnal Studia Islamika Vol 11, No 2 (2014): EKONOMI ISLAM
Publisher : State Institute of Islamic Studies (IAIN) Palu

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Abstract

Purpose of this study is to review some critics to conventional economics in some aspects, i.e., theory, culture, ethics, and system.  At the same time this study aims at searching some solutions for healthy economics (Islamic Economics).  The data used in this study are Law No. 3 of 2006 on religious courts, Law No. 2 of 1992 on insurance, data from National Zakat Board, and data from Bank Indonesia.  The methodology used is qualitative method using descriptive analysis and literature review.  This study concludes that there have been many criticisms of the conventional economic by conventional economist as well as by experts of Islamic economics. To that end, there should be Islamic solution in the economic field.  Solution of Islamic economics can be done by Islamic market integration strategy into economic activities through zakat, waqaf, Islamic social security, Islamic justice system and Islamic financial institutions ( Islamic Banks, Takāful, and Rahn). Kata Kunci : kritik, ekonomi konvensional, ekonomi Islam.
KRITIK EKONOMI KONVENSIONAL DAN SOLUSI EKONOMI ISLAM Tanjung, Hendri
Hunafa: Jurnal Studia Islamika Vol 11 No 2 (2014)
Publisher : State Institute of Islamic Studies (IAIN) Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (109.786 KB) | DOI: 10.24239/jsi.v11i2.357.277-292

Abstract

Purpose of this study is to review some critics to conventional economics in some aspects, i.e., theory, culture, ethics, and system.  At the same time this study aims at searching some solutions for healthy economics (Islamic Economics).  The data used in this study are Law No. 3 of 2006 on religious courts, Law No. 2 of 1992 on insurance, data from National Zakat Board, and data from Bank Indonesia.  The methodology used is qualitative method using descriptive analysis and literature review.  This study concludes that there have been many criticisms of the conventional economic by conventional economist as well as by experts of Islamic economics. To that end, there should be Islamic solution in the economic field.  Solution of Islamic economics can be done by Islamic market integration strategy into economic activities through zakat, waqaf, Islamic social security, Islamic justice system and Islamic financial institutions ( Islamic Banks, Takāful, and Rahn). Kata Kunci : kritik, ekonomi konvensional, ekonomi Islam.
ANALISIS STABILITAS PERBANKAN SYARIAH INDONESIA TERHADAP GUNCANGAN MAKROEKONOMI: PENDEKATAN BANKING STABILITY INDEX (BSI) Tanjung, Hendri; Sukma, Ating; ‘Afifah, Kuni
Kasaba Vol 12, No 1 (2019)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1108.438 KB) | DOI: 10.32832/kasaba.v12i1.2791

Abstract

This research is aimed to identify the influence of macroeconomic shocks to Islamic banking stability in Indonesia by using Banking Stability Index (BSI). Variables used in this research are Industrial Production Index (IPI), central bank rates (r), exchange rates (ER), Consumer Price Index (CPI), the amount money circulating and Composite Stock Price Index (CSPI) within period of January 2005 until December 2016 using VAR/VECM method. The results showed that in the short run there is no significant variables influenced banking stability in Indonesia. Otherwise, in the long run CPI and r have a significant influence to Islamic banking stability. R had negative influence and CPI has a positive influence to Islamic banking stability in Indonesia. According to FEVD results, the biggest variable contribution to BSI after BSI its self are Central Bank Rates (r), Consumer Price Index (CPI) and Composite Stock Price Index (CSPI).
ANALISIS PERENCANAAN ORGANISASI PENGELOLA ZAKAT PADA BAZNAS PROVINSI BENGKULU Hanif, Hasnan; Aji, Ahmad Mukri; Tanjung, Hendri
Kasaba Vol 11, No 2 (2018)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (815.554 KB) | DOI: 10.32832/kasaba.v11i2.2464

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ANALISIS FAKTOR-FAKTOR PEMILIHAN SISTEM PEMBAYARAN PREMI SECARA DARING PADA ASURANSI SYARIAH Artiza, Zulfia; Tanjung, Hendri; Indupurnahayu, Indupurnahayu
Kasaba Vol 11, No 1 (2018)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (950.867 KB) | DOI: 10.32832/kasaba.v11i1.2418

Abstract

Hasil penelitian menunjukkan bahwa PT ATK bekerja sama dengan PT Pos, serta Bank Syariah lainnya dalam pengelolaan premi lanjutan dengan fasiltas interkoneksi; sistem pembayaran mempengaruhi jumlah besaran premi, jumlah transaksi dan rata-rata premi per transaksi; sistem pembayaran online payment paling besar perolehan preminya dibandingkan dengan sistem pembayaran lainnya; sistem pembayaran online payment paling besar jumlah transaksi dibanding dengan yang lain, namun perolehan rata-rata premi pertransaksi terkecil, perolehan terbesar premi pertransaksi ada pada sistem pembayaran transfer; faktor yang mempengaruhi pemilihan sistem pembayaran secara nyata adalah tingkat pendidikan, tingkat pendidikan tertinggi (S2/S3) paling banyak memilih sistem pembayaran transfer dan jumlah premi per transaksi paling tinggi. Dari indikasi yang diperoleh pada hasil penelitian, diketahui bahwa peserta asuransi yang tertinggi jumlahnya adalah dengan tingkat pendapatan terendah.
ANALISIS HUBUNGAN PEMBIAYAAN IJARAH PADA BANK PEMBIAYAAN RAKYAT SYARIAH TERHADAP PENDAPATAN USAHA KECIL Mubarok, Zahid; Tanjung, Hendri; Supriyanto, Trisiladi
Kasaba Vol 10, No 1 (2017)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (881.583 KB) | DOI: 10.32832/kasaba.v10i1.2389

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ANALISIS MASHLAHAT MURSALAH KEIKUTSERTAAN INDONESIA DALAM ASEAN ECONOMIC COMMUNITY Amri, Fahlul; Tanjung, Hendri; Sukarno, Fahruddin
Kasaba Vol 11, No 1 (2018)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (800.648 KB) | DOI: 10.32832/kasaba.v11i1.2424

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Methodology uses a qualitative method. The characteristic on it is direction to describe a case with understanding of meaning and its problems, so that data analyzing which used is analytic descriptive. Collecting data uses observation method, interview, documentaries and ends to conclusion. The result of this research and its analyzing about Mashlahat Mursalah in AEC 2015 to Indonesia shows that many domain advantages and positives side. Indonesia would become a wealth region and competitive with good economic progressing and reducing poverty and it deviation social and economic. But, to reach it is not easy at all and need a hard and serious work to face it. Indonesia has big potential such as population, natural resources, wide geography and biggest PDB in ASEAN so that Indonesia become main player in ASEAN Economic Community 2015.
ANALISIS KEBIJAKAN PENGELOLAAN ZAKAT UMAR BIN ABDUL AZIZ DAN RELEVANSINYA DI INDONESIA Hasanudin, Hasanudin; Ibdalsyah, Ibdalsyah; Tanjung, Hendri
Kasaba Vol 10, No 2 (2017)
Publisher : Univ Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (796.534 KB) | DOI: 10.32832/kasaba.v10i2.2396

Abstract