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Hedging In Indonesian Sharia Stock Index Manufacturing Companies Baroroh, Hilmy; Hasanah, Sarpiatun
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 5 No. 1 (2023)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2023.5.1.17978

Abstract

Purpose - This study aims to determine the influence of financial distress, profitability, and liquidity on hedging activities in manufacturing companies listed on the Indonesian Sharia Stock Index during the period 2016-2020.Method - The analysis in this study uses logistic regression analysis to answer the research questions. The study utilizes purposive sampling technique to determine the sample, and total of 80 samples are obtained from manufacturing companies listed on the Indonesian Sharia Stock Index during the period of 2016-2020.Result - The results of this study that financial distress, proxied by the Altman Z-score model, does not have a significant effect on hedging activities in manufacturing companies. On the other hand, profitability, proxied by return on assets, has a positive and insignificant effect on hedging activities in manufacturing companies, while liquidity, proxied by the current ratio, has a negative and significant effect on hedging activities in manufacturing companies.Implication - In this study, uses secondary data obtained from the annual report and financial reports of manufacturing companies listed on the Indonesian Sharia Stock Index during the period 2016-2020.Originality - Future research is expected to be able to add or replace different proxies, particularly those related to financial distress, will be utilized in the theory of hedging activities. This will expand the discussion on the determinants of hedging policy in manufacturing companies in Indonesia. 
Analisis Faktor-Faktor yang Mempengaruhi Volume Penempatan Dana Perbankan Syariah pada Sertifikat Bank Indonesia Syariah Baroroh, Hilmy
Jurnal At-Tamwil: Kajian Ekonomi Syariah Vol. 1 No. 1 (2019): Jurnal At Tamwil, Maret 2019
Publisher : Universitas Islam Tribakti Lirboyo Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33367/at-tamwil.v1i1.738

Abstract

Bank-bank syariah semakin berhati-hati dalam menempatkan dananya terutama pada sektor pembiayaan sejak krisis moneter melanda Indonesia, hal ini berakibat pada menumpuknya dana pada Perbankan Syariah. Selain itu, minat masyarakat yang terus meningkat dalam menitipkan dana pada Perbankan Syariah juga mengakibatkan overlikuiditas pada Perbankan Syariah. Untuk mengatasi overlikuiditas Perbankan Syariah dapat menyalurkan dana pada instrumen keuangan yang memiliki risiko minimal dan tingkat imbal hasil yang kompetitif. Perbankan Syariah dapat memilih Sertifikat Bank Indonesia Syariah (SBIS) sebagai alternatif penyaluran kelebihan dananya. SBIS merupakan salah satu instrumen keuangan dari BI yang memiliki tingkat imbal hasil dan menggunakan akad ju’alah. Pokok masalah pada penelitian ini yaitu seberapa besar pengaruh DPK, FDR, dan NPF terhadap volume penempatan dana Perbankan Syariah pada Sertifikat Bank Indonesia Syariah (SBIS). Penelitian ini menggunakan regresi linier berganda sebagai teknik analisis. Data yang digunakan adalah data volume SBIS periode 2009-2013 yang diperoleh dari laporan Bank Indonesia. Hasil yang diperoleh dari penelitian ini adalah DPK berpengaruh positif signifikan dengan koefisien regresi sebesar 1702.808 dan signifikansi sebesar 0.014. Sedangkan variabel FDR dan NPF tidak berpengaruh signifikan terhadap volume penempatan dana Perbankan Syariah pada Sertifikat Bank Indonesia Syariah (SBIS).
Kinerja Pembiayaan Perbankan Syariah: Indikasi Moral Hazard Baroroh, Hilmy
Al-Mal: Jurnal Akuntansi dan Keuangan Islam Vol. 1 No. 1 (2020): Juni 2020
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/al-mal.v1i1.5324

Abstract

Penelitian ini bertujuan untuk menganalisis indikasi moral hazard dengan melakukan uji pengaruh pada kinerja pembiayaan perbankan syariah dengan indikator kredit macet atau NPF. Studi kasus pada perbankan syariah periode 2010-2015 dengan menggunakan metode ECM untuk mengetahui pengaruh jangka panjang dan jangka pendek suatu variabel. Hasil dari penelitian ini menunjukkan bahwa GDP dalam jangka panjang berpengaruh positif terhadap kredit macet sehingga hal ini berindikasi adanya moral hazard. Namun, inflasi dan rasio margin terhadap bagi hasil tidak berpengaruh terhadap NPF. Selain itu, pada FDR dan rasio alokasi pembiayaan dalam jangka pendek maupun jangka panjang tidak terdapat indikasi moral hazard. Keterabatasan pada penelitian ini terletak pada varaibel yang mempengaruhi moral hazard dipengaruhi oleh variabel kinerja pembiayaan perbankan syari’ah sehingga membuka peluang bagi peneliti-peneliti lainnya untuk melakukan penelitian lebih mendalam berkaitan dengan indikasi moral hazard. Implikasi penelitian yaitu untuk menambah khasanah ilmu pengetahuan berkaitan dengan indikasi moral hazard yang bisa terjadi ketika adanya kinerja pembiayaan perbankan syariah yang buruk.
The Influence of Accountability, Website Security, and Social Influence on Donation Intention in Crowdfunding: The Mediating Role of Trust Nurul Aini Br Purba; Moh Shadam Taqiyyuddin Azka; Hilmy Baroroh
Journal of Accounting Inquiry Vol. 4 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jai.2025.4.1.033-055

Abstract

Purpose: This study aims to examine the influence of accountability, website security, and social influence on donation intentions in “Dompet Dhuafa” crowdfunding, with trust serving as a mediating variable. Method: This is a quantitative study, utilising data collection through a questionnaire. The sampling technique employed was non-probability sampling, with a total of 130 respondents, all of whom were young Muslim individuals. This group was chosen due to their growing engagement with digital platforms and their increasing role as active donors in online Islamic philanthropy. Focusing on young Muslims also distinguishes this study from previous research, which often overlooks age-specific behavioural dynamics in crowdfunding contexts. The research was analysed using the Partial Least Square-Structural Equation Modelling (PLS-SEM) approach with the aid of the SmartPLS 4 analytical tool. Finding: The results showed that accountability and website security have a significant direct effect on donation intentions and trust, while social influence does not affect donation intentions but has a significant impact on trust. Based on the indirect effect test, trust was found to mediate the relationship between accountability, website security, social influence, and donation intentions. Novelty: These findings will create a gap that will be evaluated for consistency in elucidating their impact on an individual's intention to donate online.
Analysis of village-owned enterprises (BUMDes) welfare: Social capital as moderation Yustin, Else Meilani; Baroroh, Hilmy
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.8687

Abstract

Proper management of  village-owned enterprises (BUMDes) can be one of the pillars of independence for villages to realize mutual benefit and has multiplier effect for their members. The purpose of this study is to investigate the impact of the performance of BUMDes on the welfare of management and BUMDes members, using social capital as a moderation variables evidence from Sleman Regency. This BUMDes performance measurement uses three components of performance measurement, there are: responsiveness, responsibility, and accountability. Well-being is measured using income variables. The sample size of this study around 11 BUMDes with a total of 50 respondents. This study used quantitative methods with PLS-SEM analysis model and WarpPLS 7.0 analysis tool. These findings reveal that responsiveness, responsibility, and accountability have an impact on the revenues of management and BUMDes members. Meanwhile, the variable of social capital moderation can only strengthen the relationship between the responsiveness of BUMDes to the income of BUMDes management and BUMDes members. The implication of the study  to improve the quality of human resources and the ability to commit to managing BUMDEs as crucial factors to increase BUMDEs performances and lead to an increase in their member's welfare.
Financial Stability of Indonesia’s Islamic Banks: Analysis Profitability Kurnia, Rahmat; Baroroh, Hilmy; Fauziah Hayati, Riska; Hazimah Melzatia, Haura; Maminirina Fenitra, Rakotoarisoa
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8082

Abstract

The study explores the financial well-being of Islamic banks in Indonesia, focusing on profitability as reflected in the Return on Assets (ROA) ratio. This article brings attention to the issue of certain Sharia Commercial Banks in Indonesia exhibiting poor financial conditions, as indicated by low ROA figures. The primary aim of the research is to evaluate the impact of Good Corporate Governance (GCG), Non-Performing Financing (NPF), and the ratio of Operational Costs to Operational Income (BOPO) on the financial sustainability of these banks. This research adopts a quantitative approach, utilizing secondary data sourced from financial and Good Corporate Governance reports spanning the years 2018 to 2022. The analysis is conducted using panel data regression with the aid of EViews 12 software. The study covers 11 Sharia Commercial Banks in Indonesia over a five-year period, resulting in a sample of 55 observations obtained through purposive sampling. The findings indicate that Good Corporate Governance and Non-Performing Financing significantly influence the Return on Assets, underscoring the critical role these factors play in maintaining financial stability. In contrast, the BOPO ratio does not exert a significant effect on ROA. Furthermore, the results of the simultaneous regression analysis confirm that GCG, NPF, and BOPO collectively have a meaningful impact on the financial performance of Islamic banks, as measured by ROA. Penelitian ini mengeksplorasi kesehatan finansial bank syariah di Indonesia, dengan penekanan pada profitabilitas yang diukur melalui rasio Return on Assets (ROA). Artikel ini menyoroti permasalahan beberapa Bank Umum Syariah di Indonesia yang menunjukkan kondisi keuangan yang kurang baik, yang tercermin dalam rendahnya angka Return on Assets (ROA). Penelitian ini bertujuan untuk menilai pengaruh Good Corporate Governance (GCG), Non-Performing Financing (NPF), dan rasio Biaya Operasional terhadap Pendapatan Operasional (BOPO) terhadap keberlanjutan keuangan bank-bank ini. Pendekatan penelitian ini bersifat kuantitatif, dengan menggunakan data sekunder yang diperoleh dari laporan keuangan dan laporan Good Corporate Governance dalam rentang waktu 2018 hingga 2022. Analisis dilakukan menggunakan regresi data panel dengan bantuan perangkat lunak EViews 12. Penelitian ini melibatkan 11 Bank Umum Syariah di Indonesia selama lima tahun, dengan total 55 observasi yang diperoleh melalui teknik purposive sampling. Hasil penelitian menunjukkan bahwa Good Corporate Governance dan Non-Performing Financing memiliki pengaruh signifikan terhadap Return on Assets, yang menggarisbawahi pentingnya kedua faktor tersebut dalam mempertahankan stabilitas keuangan. Sebaliknya, rasio BOPO tidak menunjukkan dampak yang signifikan terhadap ROA. Selain itu, hasil analisis regresi simultan mengukuhkan bahwa GCG, NPF, dan BOPO secara bersama-sama memberikan pengaruh yang berarti terhadap kinerja keuangan bank syariah, yang diukur melalui ROA.