Guntur Kusuma Wardana
Departement Of Islamic Banking, Faculty Of Economics, Universitas Islam Negeri Maulana Malik Ibrahim Malang

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PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN KELOMPOK JAKARTA ISLAMIC INDEX Wardana, Guntur Kusuma; Gumanti, Tatang Ary; Utami, Elok Sri
IQTISHODUNA IQTISHODUNA (VOL 11, NO: 1.
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/iq.v1i1.3700

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The purpose of this research is to analyse the influence of financial performance on returns a stockslisted in Jakarta Islamic Index. The populations in this research are all companies listed on the Jakarta IslamicIndex (JII) 2012 to 2013. The data were analysed by using method criteria a purposive sampling generate a totalof 20 companies. Multiple regression analysis results show that Price Earnings Ratio effect CumulativeAbnormal Returns, while the Net Profit Margin, Price to Book Value and Current Ratio do not influence onCumulative Abnormal Return.
THE EFFECT OF FINANCIAL PERFORMANCE AND DIVIDEND POLICY ON CUMULATIVE ABNORMAL RETURN Rahayu, Yayuk Sri; Wardana, Guntur Kusuma
El Dinar: Jurnal Keuangan dan Perbankan Syariah Vol 9, No 1 (2021): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v9i1.11453

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The purpose of this study was to determine the effect of financial performance and dividend policy on Cumulative Abnormal Return for company shares in Jakarta Islamic Index. The population was all company stocks listed on The Jakarta Islamic Index from 2009 to 2018. The samples were selected by purposive sampling with the criteria the companies were consistently included in JII (not delisted and relisted) during the 2009-2018 period and those that met the criteria were five companies. Financial performance was proxies by Earning per Share, Price Earnings Ratio, Current Ratio, and Return on Equity. Meanwhile, dividend policy was proxies by the Dividend Payout Ratio. This research type was quantitative by using the panel data regression method. The results showed that Earning per Share effect on Cumulative Abnormal Return, while the Price Earnings Ratio, Current Ratio, Return On Equity and Dividend Payout Ratio variables had no effect on Cumulative Abnormal Return. The implications of this research for other parties consists of scientific development, especially in the field of financial management, and can be an input for investors in investing in shares on the Indonesia Stock Exchange (IDX) so that it can have a positive impact in the form of dividends or capital gains to investors. And can be used as a reference for further researchers by adding other variables that are not included in this study.
Analisis Tingkat Kesehatan dan Ukuran Perusahaan Terhadap Pertumbuhan Laba Bank Umum Syariah di Indonesia Qothrunnada, Qothrunnada; Wardana, Guntur Kusuma
Bisei : Jurnal Bisnis dan Ekonomi Islam Vol 6 No 2 (2021): Desember
Publisher : Fakultas Ekonomi, Universitas Hasyim Asy'ari Tebuireng Jombang

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

Abstract

The purpose of the study was to determine the effect of the level of soundness and company size partially and simultaneously on the profit growth of Islamic Commercial Banks in Indonesia in 2016-2020. The population in the study was 14 Islamic Commercial Banks in Indonesia in 2016-2020 which were registered with the Financial Services Authority (OJK), using a purposive sampling technique there were 12 banks that became the research sample. The analytical method used is multiple linear regression analysis using Eviews10. The results show that Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), Good Corporate Governance (GCG), Capital Adequacy Ratio (CAR), and company size partially have no significant effect on profit growth at Islamic Commercial Banks in Indonesia. the 2016-2020 period, while the Return on Assets (ROA) partially has a significant effect on profit growth. Simultaneously Non Performing Financing (NPF), Financing to Deposit Ratio (FDR), Good Corporate Governance (GCG), Return On Assets (ROA), Capital Adequacy Ratio (CAR), and company size have a significant effect on profit growth. Keywords: Health Level, Company Size, and Profit Growth
Pengaruh Inflasi, Bi 7 Day Repo Rate Dan Nilai Tukar Terhadap Margin Pembiayaan Murabahah Perbankan Syariah Ekawati Ramadhani; Guntur Kusuma Wardana
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 6, No 3 (2021)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (323.211 KB) | DOI: 10.30651/jms.v6i3.9755

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AbstractThe purpose of this study was to determine the effect of inflation, the BI 7 Day Repo Rate, and the exchange rate on the murabahah financing margin partially and simultaneously for Islamic banking in Indonesia for the 2016-2020 period. The method used is quantitative research with a descriptive approach. The sampling technique used purposive sampling with a total sample of 2 research samples. The results show that partially the inflation and exchange rate variables have a significant negative effect on the murabahah financing margin, while the BI 7 day repo rate variable has no effect on the murabahah financing margin in Islamic banking in Indonesia. Simultaneously, the results of the research show that inflation variables, BI 7 Day Repo Rate, and exchange rates have a significant effect on the margin of murabahah financing.Keywords: Inflation, BI 7 Day Repo Rate, Exchange Rate, Murabahah Financing MarginAbstrakTujuan penelitian ini untuk mengetahui pengaruh inflasi, BI 7 Day Repo Rate, dan nilai tukar terhadap margin pembiayaan murabahah secara parsial dan simultan perbankan syariah di Indonesia periode 2016-2020. Adapun metode yang digunakan adalah penelitian kuantitatif dengan pendekatan deskriptif. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 2 sampel penelitian. Hasil penelitian menunjukkan bahwa secara parsial variabel inflasi dan nilai tukar berpengaruh signifikan negatif terhadap margin pembiayaan murabahah, sedangkan variabel BI 7 day repo rate tidak berpengaruh terhadap margin pembiayaan murabahah di perbankan syariah di Indonesia. Adapun hasil penelitian secara simultan, variabel inflasi, BI 7 Day Repo Rate, dan nilai tukar berpengaruh signifikan terhadap margin pembiayaan murabahah.Kata kunci: Inflasi, BI 7 Day Repo Rate, Nilai Tukar, Margin Pembiayaan Murabahah
Pengaruh CAR, Asset Growth, BOPO, DPK, Pembiayaan, NPF dan FDR Terhadap ROA Bank Umum Syariah Wahyu Agung Panji Subekti; Guntur Kusuma Wardana
INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia Vol. 5 No. 2 (2022): INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia - Edisi Maret 2022
Publisher : Forum Inovasi Bisnis dan Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (331.911 KB) | DOI: 10.31842/jurnalinobis.v5i2.229

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Penelitian ini bertujuan untuk mendapatkan hasil yang lebih empiris tentang pengaruh CAR, Asset Growth, BOPO, DPK, Pembiayaan, NPF, dan FDR terhadap ROA Bank Umum Syariah. Penelitian ini berjenis kuantitatif yang menggunakan data sekunder berupa laporan keuangan dan laporan tahunan Bank Umum Syariah tahun 2011-2020. Pemilihan sampel menggunakan metode purposive sampling. Analisis data yang digunakan yaitu regresi data panel dengan eviews 10. Hasil penelitian dengan Uji T menunjukkan bahwa variabel CAR berpengaruh negatif dan signifikan terhadap ROA. Sementara itu variabel Asset Growth, BOPO, dan FDR berpengaruh positif dan signifikan terhadap ROA. Sedangkan untuk variabel DPK, Pembiayaan, dan NPF tidak berpengaruh terhadap ROA. Kemudian hasil penelitian menggunakan Uji F menunjukkan bahwa CAR, Asset Growth, BOPO, DPK, Pembiayaan, NPF dan FDR secara bersama-sama atau simultan berpengaruh positif dan signfikan terhadap ROA.
PENGARUH LIKUIDITAS, EFEKTIVITAS, DAN PEMBIAYAAN BAGI HASIL TERHADAP PROFITABILITAS PERBANKAN SYARIAH DI INDONESIA Dian Ayu Nur Afifah; Guntur Kusuma Wardana
Jurnal Tabarru': Islamic Banking and Finance Vol. 5 No. 1 (2022): Jurnal Tabarru' : Islamic Banking and Finance
Publisher : Department of Islamic Banking, Faculty of Islamic Studies, Islamic University of Riau (UIR)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25299/jtb.2022.vol5(1).9204

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Tujuan penelitian untuk menganalisis dan menguji pengaruh Likuiditas, Efektivitas, dan Pembiayaan Bagi Hasil terhadap Profitabilitas Bank Umum Syariah di Indonesia. baik secara parsial maupun simultan. Penelitian ini menggunakan metode analisis regresi data panel, dimana data diperoleh dari laporan keuangan tahunan yang terdapat pada laporan tahunan masing-masing bank umum syariah periode Desember 2016 sampai dengan Desember 2020 yang diaudit dan diterbitkan oleh empat belas BUS yang ada di Indonesia selama tahun 2016-2020 yang terdaftar di OJK. Instrumen data yang digunakan berasal dari laporan tahunan Bank Umum Syariah. Hasil dari penelitian menunjukkan bahwa variabel current ratio tidak berpengaruh terhadap profitabilitas bank umum syariah di Indonesia, sedangkan variabel non performing financing dan variabel pembiayaan bagi hasil berpengaruh terhadap profitabilitas bank umum syariah di Indonesia. Hasil uji simultan menunjukkan bahwa variabel current ratio, non performing financing, dan pembiayaan bagi hasil secara bersama-sama berpengaruh terhadap profitabilitas bank umum syariah di Indonesia. Uji koefisien determinasi diketahui nilai R2 sebesar 0,66 atau senilai dengan 66%. Hal ini dapat diartikan bahwa profitabilitas bisa dijelaskan oleh variabel Current Ratio, Non Performing Financing, dan Pembiayaan Bagi Hasil sebesar 66% sedangkan 34% lainnya dijelaskan oleh variabel lain yang tidak disebutkan dalam penelitian ini.
Analysis of Fair Price Valuation of Shares in Investment Decision Making in Islamic Banking Issuers on the Indonesia Stock Exchange (Years 2018-2021) Mohammad Ibnu Hibban; Guntur Kusuma Wardana
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 2 (2022): Budapest International Research and Critics Institute May
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i2.5162

Abstract

In determining value (value) or commonly known as valuation, it has become mandatory for individuals or companies to express the value they have created. The main part of value extension in the valuation process is very necessary to be controlled by an investment analyst, this becomes important so that an investor can know what company has the potential to increase the value of the investment when investing. Moreover, the main goal of an investor is to seek profit or increase the value of what is invested. Therefore, the issue of value and investment decisions is an important thing to note for investors. The purpose of this study is to find out the fair value of Islamic banking shares on the Indonesia Stock Exchange so that it makes it easier to make investment decisions. From that background, this study was conducted with the title "Analysis of Fair Price Valuation of Shares in Investment Decision Making in Islamic Banking Issuers on the Indonesia Stock Exchange (2018-2021). This type of research is descriptive quantitative with a research sample of a number of three Sharia Bank companies listed on the Indonesia Stock Exchange in 2018-2021. The approach used is the method of calculating the price earning ratio (PER) and price to book value (PBV).From the results of the research shows that the investment decision that can be taken is if referring to the PER approach then we advise to buy shares in the company PT Bank Syariah Indonesia Tbk while on the PBV approach then we advise to buy shares in the company PT Bank Syariah Indonesia and PT Bank BTPN Syariah Tbk because the market value is still lower than its intrinsic value so that investors hope to achieve investment benefits from  increase in the difference in stock price.
THE EFFECT OF RETURN ON ASSETS, BANK SIZE AND INFLATION ON SHARIA BANK EFFICIENCY IN INDONESIA AND MALAYSIA Nur Fauziyah; Guntur Kusuma Wardana
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 7, No 2 (2022)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.792 KB) | DOI: 10.30651/jms.v7i2.12286

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The purpose of this study was to determine the efficiency level of Islamic Commercial Banks in Indonesia and Malaysia, as well as the effect of Return on Assets (ROA), Bank size and inflation on the efficiency of Islamic banks in Indonesia and Malaysia partially and simultaneously for the period 2012-2020 using the Tobit regression test. The type of this research is quantitative research with a descriptive approach. The sampling method used purposive sampling with a total sample of 5 Islamic banks in Indonesia and Malaysia. The results showed that all state-owned Islamic banks in Indonesia during the study period showed efficient results, while the Khazanah Nasional Malaysia bank there was one Islamic bank that was still not efficient. The results of the Tobit regression test show that partially Return on Assets (ROA) has no significant effect on efficiency, while bank size and inflation have a significant effect on efficiency. Simultaneously ROA, Bank size and inflation have a significant effect on efficiency.
Pengaruh Budaya Islami, Kemampuan Kerja Dan Kepribadian Terhadap Kinerja Pelayanan Karyawan Pada Bank Syariah Indonesia (Cabang Malang Soekarno-Hatta Eks BRIS) Azzam Shidqie; Guntur Kusuma Wardana
JURNAL MANAJEMEN DAN BISNIS INDONESIA Vol 8, No 1 (2022)
Publisher : Universitas Muhammadiyah Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (316.321 KB) | DOI: 10.32528/jmbi.v8i1.7226

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Mergernya ketiga perbankan syariah, yaitu Bank Rakyat Indonesia Syariah (BRIS), Bank Negara Indonesia Syariah (BNIS) dan Bank Syariah Mandiri (BSM) menjadi Bank Syariah Indonesia (BSI) mengharuskan pihak perbankan membuat budaya baru. Ketiga bank harus menerapan budaya organisasi Islami yang baru disepakati dan tetapkan oleh BSI, termasuk pada BSI KC Malang Soetta (Soekarno Hatta). BSI KC Malang Soetta mempunyai karyawan dengan latar belakang pendidikan yang berbeda-beda. Adapun karyawan di BSI  KC Malang Soetta juga mempunya karakteristik yang berbeda beda, sehingga setiap karwayawan mempunyai kemampuan kerja dan kepribadian yang berbeda-beda dalam memberikan pelayanan. Penelitian ini merupakan penelitian kuantitatif dengan pendekatan deskriptif. Metode penelitian yang digunakan adalah analisis regresi linier berganda. Tujuan penelitian untuk mengetahui pengaruh budaya Islami, kemampuan kerja dan kepribadian terhadap kinerja pelayanan karyawan pada BSI KC Malang Soetta secara parsial maupun simultan. Populasi yang digunakan adalah masyarakat Kota Malang yang mempunyai UMKM dan tercatat sebagai nasabah selama 6 Bulan di BSI KC Malang Soetta. Sedangkan sampel penelitian sebanyak 80 responden.Hasil penelitian menunjukkan bahwa (1) Budaya Islami (X1) secara parsial berpengaruh signifikan terhadap kinerja pelayanan karyawan (Y), (2) Kemampuan kerja (X2) secara parsial berpengaruh signifikan terhadap kinerja pelayanan karyawan (Y), (3) Kepribadian (X3) secara parsial berpengaruh signifikan terhadap kinerja pelayanan karyawan (Y), Budaya Islami (X1), kemampuan kerja (X2) dan kepribadian (X3) secara simultan berpengaruh positif dan signifikan terhadap kinerja pelayanan karyawan pada BSI KC Malang Soetta.
Pengaruh Pembiayaan Murabahah, KAP dan DPK terhadap Earning After Tax pada Bank Umum Syariah di Indonesia Sahroni Eka Putra; Guntur Kusuma Wardana
Jurnal Ilmiah Ekonomi Islam Vol 8, No 2 (2022): JIEI
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v8i2.5197

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Profit or profit is one of the main goals of the establishment of every business entity. Without a profit, the company cannot fulfill its other goal of continuous growth. Profit is an important indicator in measuring the success of a company's performance, so that profit growth in a company can show that the management has succeeded in managing the company's resources effectively and efficiently. One indicator of this profit is net profit after tax. Several things that can affect this profit include the financing carried out, the quality of the assets owned and the funds that can be collected from the community. Based on the above background, this study was conducted to examine and examine the effect of murabahah financing, quality of earning assets and third party funds on net profit after tax of Islamic commercial banks registered with OJK in 2017-2021. Sources of data in this study came from secondary data. The data collection technique uses a study of documentation of the financial statements of the BUS. While the data technique in this study used panel data regression analysis. The results show that murabahah financing, quality of earning assets and third party funds simultaneously have a significant effect on net income after tax on BUS. As for partially, first, murabahah financing has a positive and significant effect on earnings after tax. Second, the quality of earning assets has a negative but not significant effect on earnings after tax. Third, third party funds have a positive and significant effect on earnings after tax.