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Comparative study between the performances of two Islamic indices Gardika, Rama; Banani, Ade; Sulistyandari, Sulistyandari
Jurnal Akuntansi, Manajemen dan Ekonomi Vol 20 No 1 (2018): Juli - Desember 2018
Publisher : Faculty of Economics and Business, Jenderal Soedirman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.jame.2018.20.1.1021

Abstract

This study aims to analyze the differences in the performance of FTSE Bursa Malaysia EMAS Shariah (FBMS) in Malaysia and Indonesia Sharia Stock Index (ISSI) in Indonesia by using Sharpe, Treynor, and Jensen ratio. Type of this study is quantitative research by using hypothesis testing and purposive sampling technique. Population in this study is all sharia indices listed on Indonesia Stock Exchange (IDX) and Bursa Malaysia (BM). From the sampling process obtained two indices. These indices are FTSE Bursa Malaysia EMAS Syariah (FBMS) and Indonesia Sharia Stock Index (ISSI). Objects of this study are monthly index returns during the period of July 2012 to June 2012 which amounted to 60 data. Hypothesis testing is intended to determine whether there is significant difference between the performance of FBMS and ISSI on the measurement of Sharpe, Treynor, and Jensen ratio. Test was conducted by using Two Independent Samples t-test. Results showed that there is no significant difference between the performance of FBMS and ISSI on the Sharpe, Treynor, and Jensen ratio. Implication of this study is that the results of this study can be used as a reference for companies in selecting which Islamic index prefer to issue the stock in based on the performance measured using Sharpe, Treynor, and Jensen ratio. Results of this study also can be used as a reference for investors who are interested in investing funds in sharia stocks in Indonesia and Malaysia.
PERANAN MANAJEMEN MODAL KERJA DALAM MENINGKATKAN RENTABILITAS EKONOMI PADA USAHA KECIL DAN MENENGAH (UKM) DI WILAYAH KABUPATEN BANYUMAS Widiastuti, Ekaningtyans; Sulistyandari, Sulistyandari; Widuri, Retno
Jurnal Analisis Bisnis Ekonomi Vol 11 No 2 (2013)
Publisher : Universitas Muhammadiyah Magelang

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Abstract

Tujuan penelitian ini adalah menganalisis pengaruh tingkat perputaran piutang dan tingkat perputaran persediaan terhadap rentabilitas ekonomi UKM. Penelitian ini dilakukan di Kabupaten Banyumas menggunakan data keuangan dari tahun 2009 sampai dengan 2011. Dengan menggunakan teknik pengambilan sampel bertujuan (purposive), sebanyak 85 data responden berhasil dikumpulkan. Responden penelitian adalah manajer atau pemilik UKM di Wilayah Kabupaten Banyumas yang memiliki informasi keuangan setidaknya dari tahun 2009 sampai dengan 2011, memiliki piutang usaha dan memiliki persediaan. Pengolahan data dilakukan dengan metode regresi linear berganda menggunakan program SPSS versi 16.0. Hasil pengujian menunjukkan ada pengaruh tingkat perputaran piutang dan tingkat perputaran persediaan secara simultan terhadap rentabilitas ekonomi UKM sebesar 26,4%. Akan tetapi secara parsial, hanya tingkat perputaran persediaan yang berpengaruh signifi kan terhadap rentabilitas ekonomi UKM. Hasil penelitian ini secara empiris mengarah pada upaya peningkatan manajemen modal kerja di masa yang akan datang karena hasil menunjukkan bahwa secara umum manajemen modal kerja yang efi sien akan berdampak pada keberhasilan UKM.
Attitudes and Social Influence in Sustainable Fashion: Rethinking the Role of Corporate Initiatives among College Students in Taiwan Sulistyandari, Sulistyandari; Aryoko, Yudhistira Pradhipta; Tampubolon, Sabarmuddin
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 5 (2025): September 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i5.1058

Abstract

The growing demand for sustainability in the fashion industry has encouraged corporations to invest significantly in Corporate Social Responsibility initiatives. Yet, it remains unclear whether these efforts truly influence consumer behavior. This study explores how corporate, psychological, and social factors shape sustainable fashion consumption among college students in Taiwan. Grounded in the Theory of Planned Behavior, the Value-Belief-Norm Theory, and Social Influence Theory, the research examines five key predictors: Attitudes Toward Sustainability, Social Norms, Environmental Knowledge, Perceived Economic Constraints, and Corporate Social Responsibility initiatives. Empirical data were gathered from 250 university students and subjected to examination utilizing Partial Least Squares Structural Equation Modeling. Research indicates that an individual’s personal beliefs and cultural expectations significantly influence their likelihood of purchasing environmentally-conscious clothing. In contrast, environmental knowledge, economic constraints, and Corporate Social Responsibility initiatives have no significant impact. Individual beliefs and societal norms appear to have a more significant influence on environmentally conscious purchasing decisions than data-driven or financial considerations. The minimal impact of corporate ethical programs reveals that simply implementing sustainability strategies from the top down is unlikely to transform consumer choices without genuine community involvement and widespread social approval. Overall, this study contributes to the literature on sustainability and consumer behavior by emphasizing a consumer-centered approach. It highlights that moral conviction and peer influence are more effective in promoting sustainable fashion consumption than corporate messaging. Practical insights are also provided for marketers and policymakers to encourage genuine behavioral transformation toward sustainability in the fashion sector.