Journal of Applied Islamic Economics and Finance
Vol 1 No 1 (2020): Journal of Applied Islamic Economics and Finance (October 2020)

Determinan Peluang Kelayakan Pembiayaan Perusahaan Sektor Perdagangan Besar dan Eceran di Indeks Saham Syariah Indonesia

Rista Agustiani (Program Studi D4 Keuangan Syariah, Politeknik Negeri Bandung)
Tjetjep Djuwarsa (Jurusan Akuntansi, Politeknik Negeri Bandung)



Article Info

Publish Date
30 Oct 2020

Abstract

This study tries to assess the feasibility opportunities of the company’s financing and to detect early the company’s capability and willingness to pay their debts which is proxied by solvency ratios, and aims to predict factors that can affect the financing feasibility opportunities using independent variables. Some of the independent variables proposed respectively are Current Ratio (CR), Total Asset Turn Over (TATO), Sharia Compliance represented by Interest-based Debt to Total Asset Ratio, and inflation as a macroeconomic factor. The research model is quantitative with a research sample from 25 wholesale and retail trade sector companies listed in Indonesian Sharia Stock Index period 2013-2018. The results of this study conclude that Current Ratio (CR) and Interest-based Debt to Total Asset ratio (IDtTA) affect the company’s financing feasibility opportunities. Meanwhile, Total Asset Turn Over (TATO) and inflation do not affect on the company’s financing feasibility opportunities. The data analysis technique used Principal Component Analysis and logistic regression technique with a predictive accuracy rate of 85,33%.

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Journal Info

Abbrev

jaief

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Journal of Applied Islamic Economics and Finance is a journal published by the Accounting Department of Politeknik Negeri Bandung, Indonesia. JAIEF (e-ISSN: 2746-6213) is published thrice a year (October, February, and June). As the name implies, this journal brings two major themes, namely Islamic ...