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CO-INTEGRATION DAN CONTAGION EFFECT ANTARA INDEKS SAHAM SYARIAH DI BEBERAPA NEGARA DAN JAKARTA ISLAMIC INDEX (JII) PADA PERIODE KRISIS YUNANI Ardana, Yudhistira
Jurnal Manajemen Magister Darmajaya Vol 3, No 02 (2017): Jurnal Manajemen Magister Darmajaya
Publisher : Jurnal Manajemen Magister Darmajaya

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Abstract

This research aims to analyze cointegration of sharia market share in Indonesia, Malaysia, US, Canada, UK, Japan, Europe and Asia-Pasific at the period of Greece crisis. Moreover, this research is also to find the most dominant countries which influence to volatility of sharia market share in Indonesia at the period of Greece crisis. Besides this research is to analyze the contagion effect in sharia market share in others country sampled in this research. The data used in this research is secondary data, it is from weekly market share closing from 2007-2014. In processing data, the writer will divide into 2 periods namely before crisis and at the period of crisis. The period before crisis is begun from May 2007 until April 2010.While the period of crisis is begun from May 2010 until January 2014. The analysis method used is vector error correction model (VECM) and Innovation accounting in impulse response function (IRF) and forecasting error variance decomposition (FEVD).Keyword: Co-Integration, Contagion Effect, Stock Index
Faktor-faktor yang Mempengaruhi Holding Period Saham Ardana, Yudhistira; Fatrin, Tiara Novia; Wulandari, Wulandari
Benefit: Jurnal Manajemen dan Bisnis Volume 3 No 1 Juni 2018
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v3i1.6117

Abstract

Stocks are an investment that many investors choose because they are able to provide an attractive rate of return. Holding period is a period that indicates the length of this study was to determine the factors that affected the holding period of shares partially on the companies listed into to LQ45 index. This study used a descriptive method, with the purposive sampling technique and it obtained 21 companies as the research sample. The result of the research showed that the market value and the trading volume were partially significant to the holding period of stock with  and sig value was smaller than 0,05 (sig < 0,05) that was 0,000 and 0,005, while the bid-ask spread, variance return, and dividend payout ratio partially had no significant effect on the holding period of stock with the value of   and the sig value was greater than 0,05 (sig > 0,05) that was equal to 0,414, 0,706, and 0,673. The value of the adjusted r square (R²) of 0,381 or 38,1% indicated the the bid-ask spread, the market value, the trading volume, the variance return, the dividend payout ratio could explain the holding period of 38,1%, while the remaining 61,9% was explained by other variables outside the study.
Variabel Makroekonomi, Indeks Dow Jones dan Pergerakan IHSG di Indonesia Ardana, Yudhistira; Irviani, Rita; -, Wulandari
Prosiding Seminar Nasional Darmajaya Vol 1 (2018): SEMNAS IIB DARMAJAYA
Publisher : Prosiding Seminar Nasional Darmajaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (79.498 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh variabel makroekonomi dan Indeks Dow Jones terhadap IHSG di Indonesia. Jenis data yang digunakan dalam penelitian ini adalah data sekunder. Pada penelitian ini menggunakan data indeks Harga Saham Gabungan, Tingkat Inflasi, Nilai Tukar Rupiah Terhadap Dolar, dan Indeks Dow Jones dengan periode waktu mulai Januari 2015 sampai November 2017. Data dalam penelitian ini dianalisis dengan menggunakan model koreksi kesalahan yang biasa disingkat ECM. Secara simultan variabel inflasi, kurs dan Indeks Dow Jones berpengaruh signifikan terhadap IHSG di Indonesia. Secara individu variabel kurs berpengaruh signifikan terhadap IHSG di Indonesia dalam jangka pendek, sedangkan variabel inflasi dan Indeks Dow Jones tidak berpengaruh signifikan terhadap IHSG di Indonesia. Dalam jangka panjang, variabel kurs dan Indeks Dow Jones berpengaruh signifikan terhadap IHSG di Indonesia, sedangkan variabel inflasi tidak berpengaruh signifikan terhadap IHSG di Indonesia.Kata kunci: Inflasi, Kurs, Indeks Dow Jones, IHSG
Faktor yang mempengaruhi pembiayaan perbankan syariah di Indonesia: MODEL ECM Ardana, Yudhistira
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol 2 No 2 (2018): Desember
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (286.978 KB) | DOI: 10.22236/alurban_vol2/is1pp92-106

Abstract

This study aims to determine the factors that influence the financing of Islamic banking inIndonesia. This study is examines BI rate, BOPO, CAR, FDR, Inflation, NPF, Exchange Rate andFinancing of Islamic Banking in Indonesia. The data in this study is secondary data from January2013 to September 2017. The data is analysed using the Error Correction Model and processedby eviews. The results of this are the variables that influence the short-term financing of Islamicbanks are BOPO and FDR, while the variables BI_rate, CAR, inflation, NPF and Exchange rateshave no effect. Furthermore, the variables that influence the long-term financing of Islamic banksare BI_rate, BOPO, CAR, FDR and inflation, while the NPF and exchange rate variables haveno effect.
Faktor Internal, Makroekonomi dan Pembiayaan Bermasalah Bank Syariah di Indonesia Ardana, Yudhistira
Esensi: Jurnal Bisnis dan Manajemen Vol 9, No 1 (2019)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v9i1.10743

Abstract

Non Performing Financing is the most important issue for banks to survive. This study aims to analyze the determination of internal and external factors on Non Performing FInancing on Sharia Banking in Indonesia. This study uses Error Correction Model analysis techniques. The results show that in the short term the variables that have a significant effect on Non Performing Financing on Sharia Banking in Indonesia are inflation variables, while the Exchange Rate, Bank Indonesia Certificate of Wadi’ah, Industrial Production Index, Financing Deposite Ratio, and Capital Adequacy Ratio variables have no significant effect. In the long run the variables that are influential are Exchange Rate, Bank Indonesia Certificate of Wadi’ah, Financing Deposite Ratio, and Capital Adequacy Ratio, while Inflation and Industrial Production Index have no significant effect.