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The Effect of Boycotts on Stock Volatility: An Event Study Hishaly GH, Nur; Ginanjar, Muh; Nurhadi N, Muhammad; Asizah, Wafiq
Jurnal Hukum Ekonomi Syariah Vol 8, No 2 (2024): Desember 2024
Publisher : Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/j-hes.v8i2.16501

Abstract

This research investigates the impact of the MUI (Majelis Ulama Indonesia) fatwa number 83 of 2023, which calls for a boycott of products affiliated with Israel, on the stock performance of targeted companies. The primary objective is to analyze market reactions to the fatwa announcement, employing an event study approach to measure abnormal stock returns before and after the announcement. Data was collected using purposive sampling from companies identified as boycott targets, including PT. Fast Food Indonesia Tbk, PT. Map Boga Adiperkasa Tbk, PT. Sarimelati Kencana Tbk, and PT. Unilever Indonesia Tbk. The findings reveal a significant decline in abnormal returns for the targeted companies following the fatwa announcement, indicating a negative investor reaction that led to increased selling activity. This study highlights the strategic implications for companies facing boycotts, emphasizing the need for risk mitigation strategies in response to consumer sentiment. Additionally, it suggests further research incorporating qualitative methods to delve deeper into investor behavior regarding such fatwas.
Financial Performance Analysis of Conventional Banks and Sharia Bank in PT. Bank Panin Tbk. and PT. Bank Panin Syariah Tbk Nurhadi N, Muhammad; Putra, Angwal Jaya
Patria Artha Journal of Accounting dan Financial Reporting Vol 1, No 1 (2017): Patria Artha Journal of Accounting dan Financial Reporting
Publisher : Universitas Patria Artha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33857/jafr.v1i1.18

Abstract

This study aims to analyze the differences in financial performance of PT. Bank Panin Tbk. And PT. Bank Panin Dubai Syariah Tbk. The period 2013 - 2015.This research uses descriptive qualitative analysis method by using LDR / FDR ratio, NPL / NPF, BOPO / OER, ROA, ROE and KPMM to see difference of financial performance of both Bank.Based on the results of the analysis and discussion can be concluded that the level of Liquidity Bank Panin Tbk. Healthier than Bank Panin Dubai Syariah Tbk. While Asset Quality of Bank Panin Tbk. Healthier than Bank Panin Dubai Syariah Tbk. In addition, the efficiency level of both banks is in good condition. The level of profitability is seen from the Bank's second ROA ratio in unhealthy condition, while seen from the ratio of ROE only Bank Panin Tbk. Who are in good health. The capital level of both banks is in good condition
PENGARUH STRATEGI DISKON TERHADAP MINAT BELI MAHASISWA PADA PLATFORM E-COMMERCE Lestari, Tri Desi; Nurhadi N, Muhammad
Jurnal Ekonomi Ichsan Sidenreng Rappang Vol 4 No 2 (2025): Hal
Publisher : Universitas Ichsan Sidenreng Rappang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61912/jeinsa.v4i2.278

Abstract

The rapid growth of e-commerce platforms has intensified competition, prompting businesses to utilize various promotional strategies to attract consumers. Among these strategies, discounts are one of the most effective forms of promotion for boosting purchasing interest, especially among students who are known to be price sensitive. This study aims to analyze the influence of discount strategies on students' purchasing interest in the Management Study Program at STIE Amkop Makassar who made purchases through e-commerce platforms. The research used a quantitative approach by distributing questionnaires to 299 respondents selected from the population of active students in the even semester of 2024/2025, based on the Pangkalan Data Pendidikan Tinggi. Data analysis includes validity and reliability testing, as well as simple linear regression to examine the influence of independent variables on purchase interest. The research findings indicate that discount strategies have a positive and significant impact on students' purchase intention, confirming that the perceived economic benefits and value of discounts play a crucial role in shaping consumer behavior in the digital environment. This research contributes to the digital consumer behavior literature and emphasizes the importance of optimizing discount programs in increasing the engagement and interest of student consumers. Practical implications suggest that e-commerce platforms should strengthen the design of discount programs to be more relevant and appealing. Further research is suggested to include additional variables such as trust, service quality, and digital promotion strategies to produce a more comprehensive analysis.