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The Effect of Profitability and Leverage on Islamic Social Reporting Disclosure with Company Size as a Moderating Variable Fitri, Tia Nur; Syarief, Mochamad Edman
Journal of Applied Islamic Economics and Finance Vol. 5 No. 3 (2025): Journal of Applied Islamic Economics and Finance (June 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jaief.v5i3.6765

Abstract

This study examines the effect of profitability and leverage on Islamic social disclosure with company size as a moderating variable in companies listed on IDX-MESBUMN17 in 2018-2023. This study uses the EViews 12 application as an analysis tool. The analysis method used is moderated regression analysis (MRA). By using the purposive sampling method, 14 companies listed on IDX-MESBUMN17 were obtained. The random effect model (REM) is the most appropriate estimate for this model. The results of the study indicate that leverage affects the disclosure of Islamic social reporting, while profitability does not affect Islamic social disclosure. The results of the moderation test show that only leverage is moderated by company size in disclosing Islamic social reporting; profitability cannot be moderated by company size in disclosing Islamic social reporting.
The Influence of Internal and External Factors on Sukuk Issuance: A Case Study of Bank Muamalat Syariah during the 2014–2023 Period Gymnastiar, Raihan Firdaus; Mauluddi, Hasbi Assidiki; Syarief, Moch. Edman; Nugraha, Muhamad Arif
Journal of Applied Islamic Economics and Finance Vol. 6 No. 1 (2025): Journal of Applied Islamic Economics and Finance (Oktober 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jaief.v6i1.6781

Abstract

This study aims to analyze financial and macroeconomic performance factors, namely Return on Asset (ROA), Debt to Equity Ratio (DER), Inflation, Money Supply, BI Rate on Sukuk Issuance at Bank Muamalat Syariah for the period 2014-2023. The population used in this study is Bank Muamalat Syariah for the period 2014-2023. The number of samples in this study is 10 annual report data from Bank Muamalat Syariah for the period 2014-2023. The sampling technique uses the multiple regression analysis method (Ordinary Least Square) on Bank Muamalat Syariah for the period 2014-2023. The method used is a quantitative method with Eviews 13 software to test the relationship between variables. The results of this study indicate that partially Return on Asset (ROA), Debt to Equity Ratio (DER), Inflation, Money Supply, BI Rate have an effect on Sukuk Issuance.
Financial Distress Model Among Muslim Millenials : The Moderation Role of Gender Leo, Gundur; Suherlan, Deiana; Novianti, Ira; Syarief, Mochamad Edman; Suhartanto, Dwi
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 5 No 4 (2023): Vol 5 No 4 (2023): Business Innovation and Entrepreneurship Journal (November)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v5i4.673

Abstract

Worries related to financial problems often cause sufferers to experience stress. Stress due to a series of financial problems has increased public awareness of the importance of avoiding personal financial distress. This creates opportunities for unique business development, which can contribute to understanding strategies for strengthening wise management of personal finances. This research aims to provide an understanding of the formation of factors that influence personal financial distress and examine the moderating role of gender. Data was collected through an online questionnaire from 352 Muslim millennials who live in the most populous province in Indonesia, namely West Java. Through the use of PLS ​​for data analysis, this research reveals that religiosity, financial literacy which includes financial knowledge and behavior have a significant effect on personal financial distress. Furthermore, this research shows that gender does not moderate the relationship between religiosity and financial literacy on personal financial distress. These findings provide guidance for financial organizations, governments and educational institutions to jointly improve educational programs that support integrated religious and financial education activities, so that they can contribute to helping society improve their financial management wisely in accordance with sharia principles, and at the same time, contributing to reducing the impact of financial distress.
PENGARUH PERSEPSI PENGETAHUAN, INFORMASI, DAN RELIGIUSITAS TERHADAP MINAT BERWAKAF UANG Pramudia, Rizkie Anugerah; Syarief, Mochamad Edman
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 4 No 2 (2020)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v4i2.6482

Abstract

This study aims to determine the perception of the Muslim community in West Java on cash waqf. The variables used in this study were knowledge, information and religiosity variables. This research is a quantitative study using Structural Equation Model-Partial Least Square (SEM-PLS) with the WarpPLS tool. The results showed that the variables of knowledge, information and religiosity had a positive effect on the interest to donating cash waqf. Positive public perceptions of cash waqf need to be supported by more massive socialization and education. Obviously, proper regulations also need to be prepared so that the purpose of cash waqf is achieved
PENGARUH PERBANKAN SYARIAH TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 2014-2023 Yudianto, Yuda; Setiawan, Iwan; Edman Syarief, Mchamad
OIKOS: Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi Vol 8 No 2 (2024): OIKOS: Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi
Publisher : Fakultas Keguruan Dan Ilmu Pendidikan Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/oikos.v8i2.13830

Abstract

Indonesia is a country with a financial services sector that consists of two working principles, namely conventional and sharia. The sharia financial sector can play a role in encouraging the country's economic growth, especially through sharia banking savings and financing services. The aim of this research is to examine and analyze the influence of total assets, Disbursed Financing (PyD), Third Party Funds (DPK), Return On Assets (ROA) on Indonesia's economic growth for the period 2014 - 2023. This research uses secondary data from Sharia Banking Statistics (SPS) from the first quarter of 2014 to the fourth quarter of 2023 and economic growth data is measured using Gross Domestic Product (GDP) data from the Indonesian Central Statistics Agency (BPS). The data processing technique used in this research is multiple linear regression using Eviews version 12 software to determine the relationship between the independent variable (X) and the dependent variable (Y). The results of the research show: Partially Total Assets, DPK, and PyD have a positive and significant influence on ROA, the Total Assets variable has a positive and significant influence on Indonesia's economic growth, the PyD variable has no positive and significant influence on Indonesia's economic growth, the DPK variable has negative and significant influence on Indonesia's economic growth, the ROA variable has a positive and significant influence on Indonesia's economic growth.
The Influence of Sharia Financial Literacy and Sharia Financial Inclusion on the Sustainability of Small and Medium Enterprises in the Bandung Raya Region Amailiya, Lya; Edman, Moch; Sumiyati, Sumiyati
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 3 (2024): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i3.5088

Abstract

This research aims to determine how much influence Islamic financial literacy and Islamic financial inclusion have on the sustainability of small and medium enterprises in the Bandung Raya area. In the context of Sharia finance, a common problem faced by SMEs today is that many SMEs show a lack of knowledge and ability in financial management. Small and medium enterprises (SMEs) often face challenges in obtaining financial support from institutions, limited options in accessing financial services, and a lack of use of technology to increase competitiveness and encourage innovation. As a result, many SMEs face the risk of bankruptcy. Therefore, this research aims to determine the influence of Sharia financial literacy and Sharia financial inclusion on the sustainability of small and medium enterprises in Bandung Raya. The research was conducted using a quantitative approach, the sampling technique used purposive sampling by considering respondents from SMEs in Bandung Raya that had been established for more than one year and were still actively running businesses. The data analysis technique was carried out using Partial Least Square with the Structural Equation Model (PLS-SEM). The test results show that Sharia financial literacy has a positive effect on business sustainability and financial inclusion has a positive effect on business sustainability in Bandung Raya. These findings add to the literature and present implications for stakeholders to initiate programs that support the sustainability of SME businesses.
The Effect of Financial Performance on Sharia Stock Prices with Sharia Market Sentiment as a Moderating Variable: A Study of Manufacturing Companies in ISSI 2019–2024 Umiafifah Syafiq Dwi Cahyaningrum; Mohammad Edman Syarief; Ira Novianty
Journal of Economics and Business UBS Vol. 15 No. 3 (2026): Journal of Economics and Business UBS
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/23ed6f25

Abstract

This study aims to analyze the effect of financial performance on Sharia-compliant stock prices, with Sharia market sentiment as a moderating variable, in manufacturing companies listed on the Indonesian Sharia Stock Index (ISSI) for the period 2019–2024. Financial performance is represented by Return on Assets (ROA), Net Profit Margin (NPM), Earnings per Share (EPS), and Debt to Equity Ratio (DER), while Sharia-compliant stock prices are used as an indicator of market response to company performance. Sharia market sentiment is measured using Google Trends data, which reflects the level of investor attention and interest in Sharia stocks. This study employs a quantitative approach and panel data regression method, with secondary data obtained from company financial reports and official capital market publications. The panel regression model was selected using the Chow Test, Hausman Test, and Lagrange Multiplier Test to obtain the most appropriate estimation model. This study is complemented by classical assumption tests and hypothesis testing to ensure the reliability of the research results. This study is expected to provide empirical evidence regarding the role of financial performance in determining Sharia stock prices and how Sharia market sentiment can strengthen or weaken this relationship. The results of this study are expected to contribute to the development of empirical literature in Islamic finance, particularly regarding the integration of fundamental factors and investor behavior. This research also provides practical implications for company management in improving financial performance.
ESG Dimensions and Stock Return Volatility: Empirical Evidence from Shariacompliant Manufacturing Firms Ghaida Aulia Purwantika; Hendi Rohendi; Mochammad Edman Syarief
Journal of Economics and Business UBS Vol. 15 No. 3 (2026): Journal of Economics and Business UBS
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/xv0vxz04

Abstract

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) dimensions on the stock price volatility of Sharia-compliant companies listed in the Indonesian Sharia Stock Index (ISSI) within the manufacturing sector over the period 2018–2024. This study employs a quantitative approach using panel data regression. ESG is measured based on sustainability report disclosures referring to GRI Standards, while stock price volatility is calculated using the standard deviation of stock returns. The results indicate that the Environmental dimension has a significant negative effect on stock price volatility, whereas the social dimension is only significant at the 10% level and the Governance dimension shows no significant effect. These findings suggest that the market does not respond to ESG as a unified construct, but rather selectively based on the relevance of each dimension to firm-level risk. In the context of the manufacturing sector, the environmental aspect is more dominant due to its direct association with operational risk.
Enhancing Sharia Stock Performance Through Board Commissioners’ Characteristics: The Moderating Role of Educational Level Windari Driyastutik; Mochamad Edman Syarief; Hendi Rohendi
International Journal of Islamic Business and Management Review Vol. 5 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijibmr.v5i1.1364

Abstract

Purpose – This study aims to analyze the influence of the characteristics of the Board of Commissioners on sharia stock returns and explore the role of moderation of education levels in this relationship. Methodology/approach – The research method used is the regression of panel data with the Feasible Generalized Least Squares (FGLS) model. This study involves variables such as the number of board of commissioners, the frequency of meetings, the proportion of the board of commissioners, the level of education, age of members of the board of commissioners, and control variables in the form of company characteristics and macroeconomic factors, namely inflation. Findings – The results showed that the characteristics of the Board of Commissioners as a whole had no significant effect on sharia stock returns, both directly and as moderation variables by the level of education, which showed that the performance of sharia issuers was more influenced by other factors. In addition, the negative relationship between the age of the Board of Commissioners and stock returns underline the importance of a balance between experience and innovation in improving the performance of sharia issuers. These findings provide insight for sharia issuers to involve all stakeholders in strategic decisions. Novelty/value – This study shows experience alone is not enough, but innovation and adaptation to the development of digital technology is also important in the performance of the company's shares.
Event Study of State-Owned Bank Stock Prices Before and After the Announcement of Danantara on February 24, 2025 Windi Zaenudin; Mochamad Edman Syarief
Indonesian Journal of Economics and Management Vol. 6 No. 1 (2025): Indonesian Journal of Economics and Management (November 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v6i1.6615

Abstract

This research seeks to examine the variations in stock prices movements and trading activity of state-owned banks (BMRI, BBRI, BBNI, and BBTN) surrounding the announcement of the establishment of the Sovereign Wealth Fund "Badan Pengelola Investasi Daya Anagata Nusantara (Danantara)" on February 24, 2025. The research employs a quantitative method with an event study approach, using a 61-day observation period (30 days before and 30 days after the event). The indicators analyzed include Daily Stock Prices (HS), Average Abnormal Return (AAR), and Average Trading Volume Activity (ATVA). The results show a significant difference in HS, reflecting a decline in stock prices after the announcement, as a response to negative market sentiment. However, no significant difference was found in AAR, indicating the absence of abnormal market return reactions to the event. Meanwhile, a significant difference in ATVA was observed, indicating heightened stock trading volume in response to the announcement event. These findings provide insights for investors, regulators, and academics in understanding capital market responses to government strategic policies, highlighting the importance of transparency and effective communication in economic policymaking..
Co-Authors Aditya Dais Gumara Amailiya, Lya Ambia Masthura Yussaivi Amiliya, Lya Andzar Izzurrahman Anggraeni, Khaerunisa Suci Anhar Firdaus Anita Putri Annisa Nur Safitri Annisa Suriyati Arizal Jaya Arry Irawan Arwan Gunawan Ash Shidqi, Muhammad Irsyad Azizah Nur Banter Laksana, Banter Carol Y Lu Chanda Fawwaz Mahesa Dadang Hermawan Dadang Hermawan Dadang Hermawan Dea Apriyani Destian Arshad Destian Arshad Darulmalshah Tamara Dian Imanina Burhany Diani Nabila Putri Dien Azzizah Azzahra Farhani Diharpi Herli Setyowati Dimas Sumitra Danisworo Djuwarsa, Tjetjep Dwi Suhartanto DWI SUHARTANTO Eka Nurmala Sari Elviera Maharani Endang Hatma Juniwati Essa, Satrija Prajna Fatoni, Muhammad Iqbal Fifi Afiyanti Fira Febrina Fitri, Tia Nur Fitriah Fatimah Amatilah Ghaida Aulia Purwantika Ghifari, Muhammad Jihad Al Gymnastiar, Raihan Firdaus Hadiani, Fatmi Hanifa Khoirunnisaa Heryanto Hasbi Assidiki Hasbi Assidiki Mauluddi Hendi Rohendi Indah Kumala Sari Intan Nurrachmi Intantri Lestari Iwan Setiawan Iwan Setiawan Katsirin, Khairul Khoirun Nisa Nurul Muslimah Kristianingsih Kristianingsih Kusnadi, Hani Kustyanti Leni Nur Pratiwi Leo, Gundur Liana Oktaviani Syahrir Lily Indrawati Limayyasa, Risma Lya Amailiya Maisa Frita Winesa Marwansyah Mayasari, Ine Melani, Farida Andy Mochamad Umar Mai Mufti, Fauzan Ali Muhamad Arif Nugraha Muhammad Firdaus, Rifqi Muhammad Muflih Muhammad Syaiful Nurasman Muthia Faridatunnisa Muthia Nur Soniati Nabila Nur Khairina Naila Shafia Hamid Alfani Noorsyah Adi Noer Ridha Novianti, Ira Novianty, Ira Noviatul Fitriya Nurdin, Ade Ali Pebrianti, Gita Nuralipah Pramudia, Rizkie Anugerah Prasetyo Widodo, Annis Azizah Purbayati, Radia Putri Deliana Febrianti Radia Purbayati Rani Putri Kusuma Dewi Raya Puspita Sari Hasibuan Rezeki, Fuzi Amali Sri Riauli Susilawaty Hutapea Rizkie Anugerah Pramudia Rizqia Nur Afifah Ruhadi Ruhadi Ryhan Firdausy Noor Dermawan Sembiring, Etti Ernita Setiawan Setiawan Setiawan, S Shafira, Ranti Firdha Sudjana Sudjana Suherlan, Deiana Sumiyati SUMIYATI SUMIYATI Tiara Putie Purwitasari Tjetjep Djuwarsa Tresna Pratiwi Tripuspitorini, Fifi Afiyanti Umiafifah Syafiq Dwi Cahyaningrum Widhansetyati, Purwanti Windari Driyastutik Windi Zaenudin Wiwin Roslinda Sidebang Yayat Nurhidayat Yeti Apriliawati, Yeti Yudianto, Yuda