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p-Index From 2019 - 2024
0.444
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This Author published in this journals
All Journal AFEBI Management and Business Review AFEBI Islamic Finance and Economic Review
Dini Lestari
Institut Teknologi Bandung
Economics, Econometrics & Finance

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Causal Relationship Between Islamic Stocks and Staple Food Commodities of Largest Muslim on South-East Asian Countries Dini Lestari; Sudarso Kaderi Wiryono
AFEBI Islamic Finance and Economic Review Vol. 7 No. 2 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

With many adherents of Islam, it is appropriate for the Muslim-dominant countries such as Indonesian and Malaysia capital markets to accommodate the investment needs of the community in line with sharia principles. Staple food commodity is one of the crucial commodities which can affect the mobility of stock prices. This paper examines the relationship between staple food commodities and Islamic capital markets. Using MGARCH and robustness VAR technique analysis and monthly data from 2017-2021, the empirical evidence suggests that getting information about the dynamic correlation between them is vital. The main findings from this study are that there are relationships among them in the long run and they have positive and negative correlations. From the point of view of investors with sharia compliance importance, it should be aware that staple food (rice) is more volatile rather than other staple food commodities (cooking oil) that will affect the Islamic Stocks Instrument.
The Benefit of Sustainable Engagement for the Firms: Is It Still Need Earnings Management? Dini Lestari; Sudarso Kaderi Wiryono
AFEBI Management and Business Review Vol. 8 No. 1 (2023): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

The study's objective is the need for critical re-examinations on the sustainability practices of firms that benefit from transparent, accurate, and, importantly, relevant financial and non-financial information including corporate social responsibility (CSR) and environmental, social and governance (ESG) performance on their reporting. The research will investigate the relationship between sustainable practice and the cost of capital and earnings management as the moderating variable. The samples are 41 state-owned enterprises (SOEs) and private companies listed on Indonesia Stock Exchange (IDX). The source of the data from the annual report and sustainability reporting is obtained from the firm's website. The research is a quantitative study with generalized least square (GLS) random effect of the regression. Findings show that sustainable engagement in Indonesian firms has significant relation to the cost of capital but earnings management is not related to moderating variables' role between them.
Co-Authors Sudarso Kaderi Wiryono Sudarso Kaderi Wiryono