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ANALISIS FAKTOR KEUANGAN DAN NON KEUANGAN YANG MEMPENGARUHI PREDIKSI PERINGKAT OBLIGASI SYARIAH (STUDI EMPIRIS PADA PERUSAHAAN PENERBIT OBLIGASI SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2010-2012) Arisanti, Ike; Fadah, Isti; Puspitasari, Novi
JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Vol 13, No 2 (2014)
Publisher : Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study purposes to analyze the influence of financial and non financial factors to prediction of the rating Islamic bond in indonesia. The study used independent variable,that is financial factor (growth, size, profit sharing/fee, liquidity) and non financial factor ( secure and maturity) and dependent variable that is the rating of Islamic bond. This study applied logistic regresion analysis with sample collection methods using purposive sampling. After selecting fixed criterias, there were 25 Islamic bonds chosen with the numbers of 75 investigation from periods of 2010-2012. The result of this study showed that significantly effect the variable growth (X1) , size(X2), profit sharing/ fee (X3), liquidity (X4), secure (X5), maturity (X6) simultaneously to the rating prediction of Islamic bond in indonesia. Partially, variable variables of growth (X1) , size (X2), profit sharing/ fee (X3) which referred not significant affecting to the rating prediction of Islamic bond in indonesia. Meanwhile, variables of liquidity (X4), secure (X5), maturity ( X6) referred significant affecting to the rating prediction of Islamic bond in indonesia. Key word: slamic Bond rating, financial and non financialfactors, purposive sampling and logistic regression analysis.
HERDING BEHAVIOUR AROUND FED FUND RATE ANNOUNCEMENTS IN SOUTHEAST ASIA Arisanti, Ike
Jurnal Reviu Akuntansi dan Keuangan Vol 10, No 1: Jurnal Reviu Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (982.777 KB) | DOI: 10.22219/jrak.v10i1.10652

Abstract

This study aims to detect herding behavior in the Southeast Asian capital market after the announcement of the fed fund rate in 2018. The population used in this study are all companies listed on the Indonesia, Malaysia, Thailand, Vietnam, Philippines stock exchanges. The sample collection technique in this study used purposive sampling. The method used to detect herding behavior using CSAD was developed by Chang, Cheng, and Khorana (2000). The results of the study found a herding behavior. . Empirical test results from the regression showed the coefficient γ2 is negative and meets the level of confidence at the level of 95%. The ability of the regression results to meet the expected level of confidence, then empirically this can conclude the existence of herding behavior. This means supporting the hypothesis in Hi, thus in aggregate it appears that during the observation period herding behavior occurred after the Fed Fund Rate 2018 was announced Keywords : Fund Fed Rates, Herding, Southeast Asia
HERDING BEHAVIOUR AROUND FED FUND RATE ANNOUNCEMENTS IN SOUTHEAST ASIA Ike Arisanti
Jurnal Reviu Akuntansi dan Keuangan Vol. 10 No. 1: Jurnal Reviu Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (982.777 KB) | DOI: 10.22219/jrak.v10i1.10652

Abstract

This study aims to detect herding behavior in the Southeast Asian capital market after the announcement of the fed fund rate in 2018. The population used in this study are all companies listed on the Indonesia, Malaysia, Thailand, Vietnam, Philippines stock exchanges. The sample collection technique in this study used purposive sampling. The method used to detect herding behavior using CSAD was developed by Chang, Cheng, and Khorana (2000). The results of the study found a herding behavior. . Empirical test results from the regression showed the coefficient γ2 is negative and meets the level of confidence at the level of 95%. The ability of the regression results to meet the expected level of confidence, then empirically this can conclude the existence of herding behavior. This means supporting the hypothesis in Hi, thus in aggregate it appears that during the observation period herding behavior occurred after the Fed Fund Rate 2018 was announced Keywords : Fund Fed Rates, Herding, Southeast Asia
Asset Specificity On Conditional Conservatism Ahmad Waluya Jati; Mohammad Naufal; Ike Arisanti; Dhaniel Syam
Jurnal Reviu Akuntansi dan Keuangan Vol. 11 No. 1: Jurnal Reviu Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1012.116 KB) | DOI: 10.22219/jrak.v11i1.15560

Abstract

Asset specificity, an asset creates company’s distinctive competency that tough to be imitated by competitor. Howere asset specificity features a direct impact on a firm’s in progress truthful price determination, bankruptcy risk, liquidation value, and abandonment option. On alternative hand, the ownerhip of this quality specificity has serious consequences on finance strategy. Bank faces serious issue to create a correct valuation of specific and opaque asset so bank charges higher value of debt. we discover no distinction within the extent to that good news is delayed in earnings for corporations conditional on asset specificity. This study use 280 non finance service and non agriculture  type listed in IDX on 2018. However The information assortment used documentation technique and also the data analysis utilized was multiple correlation analysis. we have a tendency to document a significant negative association between quality specificity and conditional conservatism especially in Mining, Miscellaneous industry, and good consumer Industry But we notice new findings within the infrastructure sector there's a significant positive impact of specificity Asset specificity on conservatism.  
PENDAMPINGAN DAN PELATIHAN PENYUSUNAN PENGANGGARAN KEUANGAN PADA SD MUHAMMADIYAH 4 KOTA BATU Aviani Widyastuti; Ike Arisanti; Gina Harventy
Abdi Dosen : Jurnal Pengabdian Pada Masyarakat Vol 5 No 3 (2021): September 2021
Publisher : LPPM Univ. Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (639.353 KB) | DOI: 10.32832/abdidos.v5i3.923

Abstract

Sampai saat ini, banyak sekolah terutama sekolah dasar yang belum memahami bagaimana melaksanakan penatausahaan keuangan sekolah sesuai peraturan Permendagri 55 Tahun 2008 tentang Tata Cara Penatausahaan dan Penyusunan Laporan Pertangungjawaban serta anggaran Bendahara serta pelaporan pajaknya. Salah satunya SD Muhammadiyah 4 Batu yang merupakan sekolah dasar yang melayani pengajaran jenjang pendidikan dasar dan berlokasi di Kota Batu. Pihak kepala sekolah SD Muhammadiyah Kota Batu menyampaikan bahwasannya selama ini bendahara sekolah mengalami kesulitan dalam hal penyusunan anggaran. Berdasarkan pernyataan yang diungkapkan oleh kepala sekolah SD Muhammadiyah 4 Kota batu maka untuk meningkatkan kemampuan dalam penyusunan anggaran, dipandang perlu dilakukan pelatihan dan pendampingan penyusunan anggaran di SD Muhammadiyah 4 Kota Batu agar realisasi kegiatan dapat berjalan dengan lancar . Metode pendekatan yang dilakukan adalah pelatihan dan pendampingan. Kegiatan pendampingan langsung dilakuakn di SD Muhammadiyah 4 Kota Batu. Pelaksanaan pendampingan dilanjutkan dikemudian hari dengan melihat progres report atas laporan keuangan yang telah disusun oleh mitra.
PENDAMPINGAN LEGALITAS USAHA DAN DIGITAL MARKETING PADA UMKM MAKANAN DI KOTA BATU Ike Arisanti; Novitasari Agus Saputri
Abdi Dosen : Jurnal Pengabdian Pada Masyarakat Vol 5 No 3 (2021): September 2021
Publisher : LPPM Univ. Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (525.627 KB) | DOI: 10.32832/abdidos.v5i3.924

Abstract

Salah satu UMKM yang ada di kota batu adalah umkm makanan yang berada didesa torong rejo kota batu, UMKM pengolahan makanan diantaranya brambang goreng dan keripik singkong yang selama ini kurang mendapatkan informasi mengenai perizinan. sehingga para pelaku UMKM tersebut sulit mendapatkan akses modal dan izin pemasaran untuk mengembangkan usahanya sehingga cenderung memasarkan produknya tanpa menggunakan merek. Pengabdi melakukan koordinasi dengan mitra, hasil koordinasi yang dilaksanakan memiliki tujuan agar semua masalah yang muncul dapat diselesaikan berdasarkan kebutuhan mitra. Hasil koordinasi dengan mitra menemukan beberapa masalah diantaranya : Sarana dan prasarana yang terbatas, hal ini dikarenakan modal yang dimiliki oleh UMKM juga sangat terbatas. Modal yang mereka miliki hanya dikelola dan dikembangkan pada aspek- aspek tertentu saja sehingga aktivitas lain yang belum dikembangkan cenderung kurang memiliki daya saing. Misalkan aktivitas pemasaran yang masih cenderung konvensional dan peningkatan kualitas produk melalui perbaikan kemasan belum dilakukan. Solusi yang ditawarkan pengabdi antara lain agar mitra memiliki daya saing yang optimal maka branding perlu diberlakukan di produk mitra. Selain itu dengan branding sudah dipastikan masyarakat mengenal produk mitra dengan baik dan hal ini sebagai salah satu cara peningkatan pendapatan produk mitra. Pertama Pengabdi akan melakukan pendampingan pembuatan desain merek, kemasan dan digital marketing kepada mitra.
PREDIKSI PERINGKAT OBLIGASI SYARIAH DI INDONESIA Ike Arisanti; Isti Fadah; Novi Puspitasari
JURNAL ILMU MANAJEMEN Vol 11, No 3 (2014): Agustus
Publisher : Universitas Negeri Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/jim.v11i3.11780

Abstract

This study purposes to analyze the influence of financial and non financial factors to prediction of the rating islamic bond in indonesia. The study used independent variable,that is financial factor (growth, size, profit sharing/fee, liquidity) and non financial factor ( secure and maturity) and dependent variable that is the rating of islamic bond. This study applied logistic regresion analysis with sample collection methods using purposive sampling. After selecting fixed criterias, there were 25 islamic bonds chosen with the numbers of 75 investigation from periods of 2010-2012. The result of this study showed that significantly effect the variable growth (X1) , size(X2), profit sharing/ fee (X3), liquidity (X4), secure (X5), maturity (X6) simultaneously to the rating prediction of islamic bond in indonesia. Partially, variable variables of growth (X1) , size (X2), profit sharing/ fee (X3) which referred not significant affecting to the rating prediction of islamic bond in indonesia. Meanwhile, variables of liquidity (X4), secure (X5), maturity ( X6) referred significant affecting to the rating prediction of islamic bond in indonesia.
Herding Behaviour in Sharia Stock: The Moderation Effect of Good Governance Business Sharia Disclosure Ike Arisanti; Tri Wahyu Oktavendi
Journal of Accounting and Investment Vol 21, No 1: January 2020
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (679.17 KB) | DOI: 10.18196/jai.2101136

Abstract

Research aims: One of the irrational behavior of investors is herding behavior. Disclosure of certain information is one of the triggering factors for herding behavior. However, “whether all the various types of information disclosure can encourage herding?” This is a big question related to the success of Good Governance Business Sharia (GGBS) information disclosure in stimulating herding behavior in Sharia stock trading. Hence, this study aims to examine the role of GGBS disclosure in herding behaviour.Design/Methodology/Approach: This study uses the object of companies listed on the ISSI (Indonesian Sharia Stock Index 2018. Data analysis in this research is using the Regression and moderation Test.Research findings: The results show that the GGBS disclosure was able to moderate herding behavior in Indonesian Sharia Stock. In this study it was found that the presence of GGBS Disclosure further strengthens the existence of herding behavior, meaning that investors conduct herding behavior reinforced by the information coming from within the company in the form of disclosure of GGBS Disclosure.Theoretical contribution/Originality: The theoretical impact is to expand the study of herding behavior and relate it to the disclosure of information. This study is also an initiator that examined the role of GGBS as moderating variable.Practitioner/Policy implication: The implication of this research is to be able to increase company concern in terms of GGBS disclosure so that the sharia stock market can be more transparent.Research limitation/Implication: This research only focuses on one information, namely GGBS Disclosure. This cannot generalize that information disclosure can strengthen or even weaken the existence of herding behavior. This research only uses one method of detection of herding, namely using Cross-Sectional Absolute Deviation (CSAD). This study uses all objects in the Indonesian Sharia Stock Index (ISSI) without considering sharia activities in each company.
Successful Crowdfunding in Indonesia Based on Financial Projection and Investor Attraction: Empirical Study on Micro, Small and Medium Enterprises (MSMEs) on the Bizhare Platform Anggrian Faulina Permatasari; Ihyaul Ulum; Ike Arisanti
Journal of Accounting and Investment Vol 23, No 2: May 2022
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (502.423 KB) | DOI: 10.18196/jai.v23i2.13427

Abstract

Research aims: This study aims to examine the effects of investor attraction and financial projection on successful crowdfunding. Design/Methodology/Approach: A purposive sampling method was used by the researchers. The research sample consisted of 48 projects from the Bizhare platform from 2018 to 2021, with the following criteria: providing data that could be used as an indicator for measuring each variable. In testing the hypotheses, multiple linear regression analysis was employed with a principal component analysis model.Research Findings: The financial projection positively affected successful crowdfunding, while investor attraction negatively affected successful crowdfunding in Indonesia.Theoretical contribution/Originality: This study’s results are an additional discussion toward theory and literature related to crowdfunding.Practitioner/Policy implication: Disclosure of prospectus plays an essential role in preventing information asymmetry that may arise between managers and investors by providing knowledge to external investors. This study is needed to accelerate economic recovery due to the pandemic, which especially causes new projects to be trapped, saves MSMEs from limited capital, and improves business development.Research limitation/Implication: This research only used one platform as an object because not all crowdfunding platforms could be accessed and provided the information needed for research.
Herding Behavior Post Initial Public Offering In Indonesia Stock Exchange Ike Arisanti; Marwan Asri
Journal of Accounting and Investment Vol 19, No 2: July 2018
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (605.848 KB) | DOI: 10.18196/jai.190298

Abstract

This research was conducted to test whether there is a herding behavior post Initial Public Offering (IPO) in Indonesia Stock Exchange. Domestic transactions on the Indonesia Stock Exchange are rising year by year along with the increased of IPO emissions. The existence of underpricing phenomenon causes a domino effect (herding) that arises on potential investors after the IPO. This study used Cross-Sectional Absolute Deviation (CSAD) method to detect herding behavior. The data used were daily price data of IPO shares from the 1st day until the 30th day after IPO period 2005-2015. Hypothesis testing was done using regression analysis by means of CSAD variable as dependent variable and return market as independent variable. The result of this research indicated that there was a herding behavior post -IPO in Indonesia Stock Exchange period 2005-2015 period. It is shown by the negative and significant value of γ2 (0.013 0.05).