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How Performance of Jakarta Islamic Index (JII) Stocks Relative to Other Stocks? Listyaningsih, Erna; Krishnamurti, Chandrasekhar
JDM (Jurnal Dinamika Manajemen) Vol 6, No 2 (2015): September 2015 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v6i2.4303

Abstract

This study was conducted to assess the performance of Jakarta Islamic Index (JII) stocks and also investigate whether there was an ethical effect (JII selection restriction) and compare it with non-Sharia stocks. The main model used in this study was the Capital Asset Pricing Model (CAPM) single index model extended to the Fama and French three factors. This study employs elaborate matching data. The data used in this study was split into two periods: the 2005-2007 periods which consists of two groups: JII and non-JII and the 2008-2012 periods which consists of three groups: JII, Sharia and non-Sharia based on industry sector. This study found that basically there was no difference on performance between JII and non-JII stocks. Therefore, this result supports the previous studies in which there were no significant differences between Sharia and conventional investment.
The Effect of Good Corporate Governance on Corporate Social Responsibility Disclosure on Jakarta Islamic Index Erna Listyaningsih; Riska Dewi; Nur Baiti
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 3 (2018): IJBE, Vol. 4 No. 3, September 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.3.273

Abstract

The previous research results show various disclosures of the effects of Good Corporate Governance on Corporate Social Responsibility. The objective of this study was to examine the effects of Good Corporate Governance on the Corporate Social Responsibility disclosure to companies incorporated in the Jakarta Islamic Index. Proxies of Good Corporate Governance in this research include the managerial ownership, institutional ownership, foreign ownership, size of the independent commissioner board, size of the audit committee, and concentrated share ownership. The samples used in this study were companies registered in the Jakarta Islamic Index and had information on Good Corporate Governance and applied the disclosure of Corporate Social Responsibility during the period of 2013-2016. The total of the samples used consisted of 23 companies for the four year period. Multiple linear regression test was conducted to analyze whether Good Corporate Governance influenced the disclosure of Corporate Social Responsibility. The results of this study show that the variables that affect the disclosure of Corporate Social Responsibility are managerial ownership, institutional ownership, and foreign ownership. However, there are three variables that do not affect the disclosure of Corporate Social Responsibility that is the size of the independent commissioner board, size of the audit committee, and concentrated share ownership.Keywords: corporate social responsibility, good corporate governance, jakarta islamic index, regression
Stock Market Reaction to Indonesia Presidential and Legislative Election Erna Listyaningsih; Eka Sariningsih; Ritali Mudrikah
Binus Business Review Vol. 11 No. 2 (2020): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v11i2.6302

Abstract

The research investigated the reaction to Jakarta Islamic Index (JII) stocks around the Indonesia Presidential and Legislative Election in 2019. It was the first time that the election of the president and legislative assembly was held on the same day in Indonesia. The sample used was 30 stocks of JII. The event study methodology was conducted on this issue. The results show a significant positive abnormal return on the tenth day before the event and the seventh day after the event. From the liquidity, it is found that this event has a strong effect on Trading Volume Activity (TVA) of JII stocks surrounding the event. Additionally, another liquidity proxy, namely bid-ask spread, has the same result by experiencing a significant positive difference before and after the event. These results indicate that the information on the event is sufficient to influence the price, TVA, and size of the bid-ask spread of JII stock.
Pengaruh Pengumuman Stpck Split Terhadap Abnormal Return Dan Abnormal Trading Volume Activity (Pada Perusahaan-Perusahaan Yang Terdaftar Di BEI Periode 2010-2014) Irena May Rani; Erna Listyaningsih; Bambang Purwanto
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 6, No 1 (2017): Volume 6 Nomor 1
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (94.746 KB) | DOI: 10.33024/jeram.v6i1.2131

Abstract

Tujuan penelitian ini adalah untuk mengetahui terdapat perbedaan pada abnormalreturn dan abnormal trading volume activity sebelum dan sesudah dilakukannya stock splitpada perusahaan-perusahaan yang terdaftar di BEI yang melakukan stock split periode 2010-2014. Penelitian ini menggunakan sampel 35 perusahaan yang diambil dengan menggunakanmetode purposive sampling. Periode jendela (event windows) yang digunakan dalampenelitian ini adalah 7 hari yang terdiri dari 3 sebelum, 1 hari saat, dan 3 hari sesudah stocksplit.Alat analisis data menggunakan uji normalitas dan paired sample t-test. Hasil penelitianmenunjukkan bahwa tidak terdapat perbedaan yang signifikan pada abnormal return danabnormal trading volume activity sebelum dan sesudah stock split pada periode 2010-2014 diBEI. Hal ini mengindikasikan bahwa pasar modal di Indonesia selama periode penelitiantermasuk dalam pasar efisien bentuk setengah kuat. Dalam hal ini investor tidak bisamemperoleh abnormal return sehubungan dengan adanya stock split.
The Effect Of Trading Volume Activity, Stock Price, Dividend, Earning Per Share, And Variance Of Return To Bid-Ask Spread (Studies in LQ-45 Company in the Indonesia Stock Exchange) Eliza Chozna Ulfaniza; Erna Listyaningsih
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 6, No 2 (2017): Volume 6 Nomor 2
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (545.82 KB) | DOI: 10.33024/jeram.v6i2.2149

Abstract

This study aims to identify and provide empirical evidence about the influence of the tradingvolume activity, stock price, dividend, earning per share, and variance of return to the bid-ask spread.Objek this research are the companies listed in the LQ-45 in the Stock Exchange Indonesia.This study is classified as quantitative research. The population in this study are all companies listedin the LQ-45 2011-2015. The sample is determined by purposive sampling method, as many as 22companies. Data obtained directly by downloading the company's financial statements LQ-45 whichhas been published in the Indonesia Stock Exchange. Data were analyzed using multiple linearregression analysis.These results indicate that the test is individually variable trading volume activity, dividend andvariance of return influence the direction of a positive coefficient significant to the bid-ask spread,while testing the individually variable stock price, and earnings per share does not affect the bid-askspread , Testing together five variables of trading volume activity, dividend, variance of return, stockprice, and earnings per share significantly affect the bid-ask spread
Pengaruh Likuiditas Dan Profitabilitas Terhadap Financial Distress Pada Perusahaan Transportasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2016 Syamsul Bakhri; erna listyaningsih; Nurbaiti Nurbaiti
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 1, No 1 (2012): Volume 1 Nomor 1
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.669 KB) | DOI: 10.33024/.v1i1.518

Abstract

Abstract, This study aims to determine the effect on Financial Distress. Independent variables in thisresearch are Liquidity (X1), Profitability (X2),.While the dependent variable is the Financial Distresson the transportation company in Indonesia Stock Exchange period 2014-2016. Sample amounted to19 companies. The analysis was done by processing data using SPSS version 24 which was run withcomputer media. Based on the results of the research that has been done, it is found that Liquidity andProfitability significantly affect the Financial Distress on transfortasi company in Indonesia StockExchange period 2014-2016. While the test results f is Fcount> Ftable, it means there is asimultaneous or joint influence between Liquidity and Profitability to Financial Distrss on transfortasicompany in Indonesia Stock Exchange Period 2014-2016.
Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah (Studi Kasus pada PT. Bank Muamalat dan PT. Bank Syariah Mandiri periode 2010-2014) Muhammad Farid; Erna Listyaningsih
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 5, No 1 (2016): Volumr 5 Nomor 1
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (319.262 KB) | DOI: 10.33024/.v5i1.1250

Abstract

Abstract. The objectives of this study is to compare the financial performance of sharia banks namely Bank Muamalat dan Bank Syariah Mandiri in the period of 2010-2014 by using the banking financial ratios. Financial ratios used in this study consisted of the CAR, NPF, BOPO, FDR, ROA, ROE, and NPM. This study uses data from financial statements of both banks during the last five years. Analysis used in this study is to compare the financial performance of sharia banks by using the independent sample t-test methods. This study finds that the average of sharia banks financial ratios of both banks is in the good conditions during the research period The results show that there is a significant difference of FDR rasio, however for CAR, NPF, BOPO, ROA, ROE, and NPM is insignificant difference.
Pengaruh Modal, Jam Kerja, Jumlah Tenaga Kerja, Jumlah Produksi, dan Penjualan Terhadap Pendapatan Usaha Mikro Kecil dan Menengah Pada Sentra Keripik Khas Lampung di Kedaton Bandar Lampung lestari Wuryanti; Erna Listyaningsih; Eka Fitriani
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 10, No 1 (2021): VOLUME 10 NOMOR 1
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33024/jrm.v10i1.4793

Abstract

Small and Medium Enterprises (MSMEs) are one of the sectors that are expected to help develop the national economy. this allows it to contribute to efforts to reduce disparities between groups, alleviate poverty, and absorb labor. This study aims to determine the effect of capital, working hours, and number of workers. Total production, and sales to revenue. The object of this research is MSMEs in the typical chips center of Lampung. There are 38 samples in this study, namely kiosk owners who are willing to provide information regarding their financial data, which are processed using SPSS 22. From the results of multiple linear regression tests, it is stated that partially the Sales variable (X5) has a significance of 0.015 less than 0.05 which means it has a significant and significant effect on income, while the variables of capital (X1), working hours (X2), number of workers (X3), and total production (X4) have values greater than 0.05 which means they have no effect on income. The test results simultaneously state that all X variables (capital, working hours, number of workers, total production, sales) have a significance of 0.006 which is smaller than 0.05 which means that it has a significant and significant effect on income. The test results of the coefficient of determination R2 are 0.389, which means that the independent variable has an influence of 38.9% on the dependent variable, while the rest may be influenced by other variables outside the variables in this study.Keyword : MSME, Capital, working hours, number of workers, total production, sales, income
Pengumuman Pemberlakuan PPKM Jawa-Bali Terhadap Saham-Saham Jakarta Islamic Index (JII) di Bursa Efek Indonesia Erna Listyaningsih; Muhammad Luthfi
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 10, No 2 (2021): Kiinerja Perusahaan dan Bisnis
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33024/jrm.v10i2.5468

Abstract

Due to an increase in cases of the Corona virus spreading in Indonesia in 2021, the Indonesian government published a policy on July 3-20, 2021 to adopt the Implementation of Community Activity Restrictions (PPKM) for Java-Bali to break the chain of the Corona virus spreading. The goal of this research is to see how the JII stock reacts to the PPKM announcement. The event study methodology is applied to a sample of 30 JII. The findings of this study revealed that considerable anomalous returns occurred on the 2nd and 5th days after the event day, as well as on the 6th, 7th, 9th, and 10th days prior to the event date. Similarly, before and after the announcement of PPKM in Indonesia, TVA reveals a considerable variation. This demonstrates that there is a JII response to this event. The regression test, on the other hand, shows that the market has no effect on JII's return or TVA. This suggests that investors have anticipated this event, ensuring that there would be no excessive investor transactions
Pengaruh Rasio Margin Laba, Rasio Lancar, Rasio Cepat,Rasio Utang Jangka Panjang, Rasio Hasil Pengembalian Investasi, Rasio Utang, Rasio Perputaran Piutang, Rasio Hasil Pengembalian Ekuitas Dan Rasio Perputaran Aktiva Tetap Terhadap Pertumbuhan Laba Sebelum Dan Sesudah Pemisahan Air Traffic Control, Studi Kasus Pada PTAngkasa Pura II Persero) Periode 2011 2014 Umi Khanifah; Erna Listyaningsih; Bambang Purwanto
Jurnal Riset Akuntansi dan Manajemen Malahayati Vol 5, No 2 (2016): Volumr 5 Nomor 2
Publisher : Universitas Malahayati

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (833.537 KB) | DOI: 10.33024/.v5i2.1274

Abstract

The objective of this research are found regression from net profit margin, current ratio,quick ratio, long term dept to equity ratio, return on inverstment, dept to equity ratio, turn over ratio,return on equity and fixed asset turn over ratio toward growing profit (before and after separation AirTraffic Control, case study in PT Angkasa Pura II Persero) with partial altough simultaneous. Andalso for found the different of financial performance in PT Angkasa Pura II (before and afterseparation Air Traffic Control, case study in PT Angkasa Pura II Persero) with used Paired Sample ttest.The research used approachment quantitative. Data used in this research is secondary data likeas financial quartely report PT Angkasa Pura II (Persero) period 2011 2014. Population from thisresearch is financial report PT Angkasa Pura II (Persero) from years 1984 2014. Taken sampletechnique that used Sistematic Sampling, with period from years 2011 2014. Method for analysisdata is regression linear analysis method and different test Paired Sample t-test that processed usedSPSS 20.0 program for windows. The result have indicate with partial test, only net profit margin thathave significat regression toward growing profit while current ratio, quick ratio, long term dept toequity ratio, return on inverstment, dept to equity ratio, turn over ratio, return on equity and fixedegression toward growing profit in PT Angkasa Pura II(Persero). The result from Simultaneous test have indicate if net profit margin that have significantregression toward growing profit while current ratio, quick ratio, long term dept to equity ratio,return on inverstment, dept to equity ratio, turn over ratio, return on equity and fixed asset turn overPT Angkasa Pura II (Persero). And forresult from different test Paired sample t-test have indicate if perfomance financial before and afterseparation Air Traffic Control is different. Performance Financial before separation Air TrafficControl more better than after separation Air Traffic Control