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The Effect of Sukuk Structure and Sukuk Guarantee Status on Sukuk Rating in Indonesia Stock Exchange Kiran Salsabilah; Abdul Hamid Habbe; Nirwana Nirwana
AFEBI Islamic Finance and Economic Review Vol 6, No 02 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i02.411

This research aims to analyze the effect of sukuk structure and sukuk guarantee status on sukuk rating. The research was conducted based on companies in the financial sector and non-financial sector listed on the Indonesia Stock Exchange and included in the rating conducted by PT Pefindo for the period 2015-2019. A total of 65 samples were selected using purposive sampling method. The data source in this study is secondary data in the form of the company's annual financial statements. The data analysis methods used are ordinal logistic regression analysis The results showed that the sukuk structure has an opportunity to lower the sukuk rating, while the sukuk guarantee status has the opportunity to increase the sukuk rating. Then for simultaneous test results, sukuk structure and sukuk guarantee status have an effect on sukuk rating.

Analisis Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Reporting Menggunakan Beneish Model Dwi Reski Marham Novianti; Abdul Hamid Habbe; Nirwana Nirwana
Bongaya Journal for Research in Accounting (BJRA) Vol 5 No 2 (2022): Bongaya Journal for Research in Accounting
Publisher : STIEM BONGAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37888/bjra.v5i2.367

This study discusses the analysis of the influence of Pentagon Fraud on Fraudulent Financial Reporting using the Beneish Model. Pentagon fraud is an independent variable in this study. Proxies that can be used for this research include pressure which is proxied by financial targets and financial stability. Opportunity (opportunity) which is proxied by ineffective monitoring and quality of external auditors. Rationalization (Rationalization) which is proxied by change in auditor and auditor's opinion. Capability which is proxied by the change of the company's directors. Arrogance is proxied by the frequent number of CEO's picture and CEO politician. The dependent variable uses Fraudulent Financial Reporting which is measured using the Beneish Model. This model uses 8 (eight) calculation ratios, namely, Days Sales in Receivable Index (DSRI), Gross Margin Index (GMI), Asset Quality Index (AQI), Sales Growth Index (SGI), Depreciation Index (DEPI), Sales and General Administration Expenses Index (SGAI), Leverage Index (LVGI), and Total Accrual (TATA). The object of research is a company that is included in the LQ-45 index for the 2019-2020 period listed on the Indonesia Stock Exchange (IDX), the sample taken for the study is 33 companies based on the Purposive Sampling method. The results of this study are (1) Financial stability (ACHANGE) has a significant effect on Fraudulent Financial Reporting. (2) Financial target (ROA), Ineffective Monitoring (BDOUT), Quality of external auditor (KAE), Change in auditor (AUDCHANGE), Opinion auditor (AO), Change in Board of Director (DCHANGE), Frequent number of CEO's picture (CEOPIC) and Politicians (OSHIP) have no significant effect on Fraudulent Financial Reporting.

Analisis Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Reporting Menggunakan Beneish Model Dwi Reski Marham Novianti; Abdul Hamid Habbe; Nirwana Nirwana
Bongaya Journal of Research in Accounting (BJRA) Vol. 5 No. 2 (2022): Bongaya Journal of Research in Accounting
Publisher : STIEM BONGAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37888/bjra.v5i2.367

This study discusses the analysis of the influence of Pentagon Fraud on Fraudulent Financial Reporting using the Beneish Model. Pentagon fraud is an independent variable in this study. Proxies that can be used for this research include pressure which is proxied by financial targets and financial stability. Opportunity (opportunity) which is proxied by ineffective monitoring and quality of external auditors. Rationalization (Rationalization) which is proxied by change in auditor and auditor's opinion. Capability which is proxied by the change of the company's directors. Arrogance is proxied by the frequent number of CEO's picture and CEO politician. The dependent variable uses Fraudulent Financial Reporting which is measured using the Beneish Model. This model uses 8 (eight) calculation ratios, namely, Days Sales in Receivable Index (DSRI), Gross Margin Index (GMI), Asset Quality Index (AQI), Sales Growth Index (SGI), Depreciation Index (DEPI), Sales and General Administration Expenses Index (SGAI), Leverage Index (LVGI), and Total Accrual (TATA). The object of research is a company that is included in the LQ-45 index for the 2019-2020 period listed on the Indonesia Stock Exchange (IDX), the sample taken for the study is 33 companies based on the Purposive Sampling method. The results of this study are (1) Financial stability (ACHANGE) has a significant effect on Fraudulent Financial Reporting. (2) Financial target (ROA), Ineffective Monitoring (BDOUT), Quality of external auditor (KAE), Change in auditor (AUDCHANGE), Opinion auditor (AO), Change in Board of Director (DCHANGE), Frequent number of CEO's picture (CEOPIC) and Politicians (OSHIP) have no significant effect on Fraudulent Financial Reporting.

The Effect of News Announcements on the Volatility of Share Prices of PT. Bank Syariah Indonesia Tbk Muhammad Fajar Alamsyah; Wenny Nadya Asri; Fitria Intani; Sofia; Sri Wahyuni Jumadi; Abdul Hamid Habbe; Mediaty
AFEBI Economic and Finance Review Vol. 8 No. 1 (2023): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

This study analyzes the effect of news announcement on stock price volatility of PT Bank Syariah Indonesia Tbk (BSI). Using a quantitative approach, historical data of BSI stock prices and relevant news announcements were collected for the study period. Through regression analysis, this study found a significant influence between news announcements and BSI stock price volatility. News announcements containing important information about a company's performance or management changes can lead to significant stock price fluctuations. These results provide insights for investors and market participants in managing risks and making appropriate investment decisions. The practical implication is the importance of paying attention to recent news announcements for risk management. Further studies could involve other factors that affect BSI's share price volatility and look at the long-term impact of news announcements on overall company performance.

The Portrait of Good Governance in the Framework of Religious andCultural Philosophy Ferry Christian; Abdul Hamid Habbe; Syarifuddin Rasyid
IECON: International Economics and Business Conference Vol. 1 No. 1 (2023): International Conference on Economics and Business (IECON-1)
Publisher : www.amertainstitute.com

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This study aims to integrate the meaning of religious and cultural philosophy contained in the principles of goodgovernance. This research method is descriptive. Literature review to find meaning that is integrated with the principles of good governance from the perspective of religious and cultural philosophy in Indonesia. This research shows that religious philosophy provides a logical basis for religious thought in accordance with God's teachings. Government administrators are required to carry out the norms and laws taught in religion regarding God's commands and prohibitions, in managing and being accountable for the budget. Meanwhile, cultural philosophy has a moral responsibility, is reasonable and is based on cultural principles that can enhance human dignity. Cultural philosophy can be a guideline of behavior in implementing government so that it acts in accordance with the values, norms or laws that are in accordance with the cultural philosophy of each region.

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