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Journal : Journal of Islamic Economics

Pengaruh Inflasi, Likuiditas dan Struktur Modal terhadap Profitabilitas Perusahaan yang Termasuk dalam Jakarta Islamic Index Tahun 2010-2020 Febriahendika Putra; Maulida Nurhidayati
Journal of Islamic Economics (JoIE) Vol 2, No 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/joie.v2i1.4484

Abstract

The Jakarta Islamic Index contains 30 sharia-based stocks that have the highest market capitalization and transaction values. based on the 2010-2020 documentation, there is a gap with the theory of inflation, liquidity and capital structure on profitability. In 2012 inflation rose to 4.3% from the previous year's 3.79%, but the profitability of Indonesian Telecommunications companies and Unilever fell. In 2014 the liquidity at Kalbe Farma company decreased to 29.38% this was not followed by an increase in profitability. The capital structure of United Tractors company in 2011 decreased to 68.85% from 2010's 83.88% but was not followed by the increase in the profitability of United Tractors company. This study uses quantitative methods with a sample of 4 companies in the Jakarta Islamic Index. With 44 data from 2010-2020. The source of research data is secondary data, while the data collection method uses documentation from companies in the Jakarta Islamic Index. The independent variables are inflation, liquidity and capital structure, while the dependent variable is profitability. The data analysis technique used descriptive analysis, classical assumption test, and multiple regression. The results showed that the inflation variable had no significant effect on the company's profitability, while liquidity and capital structure had a significant effect on the company's profitability. Partially inflation, liquidity and capital structure have a significant effect on company profitability with a coefficient of determination of 41.2%.
Exchange Rates, Inflation, and GDP in Indonesia: A New Perspective on Islamic Mutual Funds as an Intervening Factor Mirza Sabrina, Widya; Maulida Nurhidayati; Raisha Salisa Ahmad
Journal of Islamic Economics (JoIE) Vol. 5 No. 1 (2025)
Publisher : Prodi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/joie.v5i1.10344

Abstract

Introduction: Gross domestic product (GDP) is an indicator used to determine the country's economic situation shown in a certain period. The success of a country's economic growth can be seen from the country's GDP level. Research Methods: This research aims to test and analyze the influence of exchange rates and inflation on GDP in Indonesia through the mediation of Islamic mutual funds. This research uses quantitative methods using time series data, namely quarterly data for 2016-2023. Results: The results shows that the exchange rate has a positive and significant effect on GDP, inflation and Islamic mutual funds have a positive and insignificant effect on GDP, the exchange rate has a positive and significant effect on Islamic mutual funds, inflation has a negative and significant effect on Islamic mutual funds, and although mutual funds have the potential to increase GDP through investment, exchange rate depreciation and high inflation will still have a negative impact on the economy as a whole. Conclusion: Exchange rates and inflation play a crucial role in driving economic growth and the development of Islamic mutual funds. The government needs to maintain exchange rate stability through monetary and fiscal policies, as well as implement inflation control measures to preserve the public's purchasing power and investment interest.