Article Per Year (5 Year)
p-Index From 2020 - 2025
2.165
P-Index
This Author published in this journals
All Journal Jurnal Riset Akuntansi dan Keuangan Jurnal Ilmiah Akuntansi Manajemen BALANCE Jurnal Akuntansi dan Bisnis Journal of Enterprise and Development (JED) JURNAL AKUNTANSI KEUANGAN DAN MANAJEMEN JEKPEND Jurnal Ekonomi dan Pendidikan EKONOMI, KEUANGAN, INVESTASI DAN SYARIAH (EKUITAS) JOURNAL OF BUSINESS AND ECONOMICS RESEARCH (JBE) Journal of Management - Small and Medium Enterprises (SME's) Jurnal Ar-Ribh Journal of International Conference Proceedings Jurnal Akuntansi Trisakti International Journal of Halal System and Sustainability
Rasyid, Syarifuddin
Unknown Affiliation
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

Published : 14 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 14 Documents
Search

 1   2 
Analisis Reaksi Pasar Modal terhadap Pemilihan Umum Presiden Indonesia Tahun 2024 Rasyid, Syarifuddin; Darmawati, Darmawati; Khaerany, Rizky; Nadhifa, Nisrinatul; Pratiwi, Dwi Dian
Jurnal Akuntansi, Keuangan, dan Manajemen Vol. 6 No. 2 (2025): Maret
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v6i2.3825

Abstract

Purpose: This research seeks to assess the capital market's response to the Indonesian presidential election by employing an event study methodology that incorporates abnormal return (AR) and trading volume activity (TVA) variables.Methodology/approach: This research employs a quantitative methodology utilising the event study technique on the Indonesia Stock Exchange. The utilised data comprises stock price information and trading volumes of companies listed in the LQ45 index. This study utilised a sample size of 45 companies. The employed hypothesis tests are the Wilcoxon Signed Ranks Test and the One Sample t-test.Results/findings: There is no significant market reaction in the days surrounding the 2024 election. There is a significant difference in abnormal returns before and after the 2024 election, but this difference is not followed by a difference in trading volume activity. In this study, there is no significant difference in trading volume activity before and after the 2024 presidential election.Conclusions: The capital market reaction to the presidential election on February 14, 2024 in Indonesia can be concluded that there was no significant market reaction in the days surrounding the 2024 election, although there was a difference in abnormal returns before and after the election.Limitations: This study's limitations include the inability to generalise results due to its exclusive focus on the LQ-45 index population and the selection of event types that inadequately represent presidential election occurrences, thereby restricting the generalisability of the election's impact on capital market reactions.Contribution: This research aims to assist investors and policymakers in comprehending market responses to political changes and their ramifications for investment choices.
Dramaturgi Peluncuran Danantara dan Dampaknya terhadap IHSG dalam Perspektif Politik Ekonomi Rusli, Urisnawati; Masnia, Masnia; Darmawati, Darmawati; Rasyid, Syarifuddin
Journal of Business and Economics Research (JBE) Vol 6 No 2 (2025): June 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v6i2.7435

Abstract

This study analyzes the launch of the Indonesian Sovereign Wealth Fund, Daya Anagata Nusantara Investment Authority (Danantara), through Erving Goffman's dramaturgical approach, focusing on its impact on the Indonesia Stock Exchange Composite Index (IHSG). Using a qualitative method, the study identifies the government's narrative through the "front stage" of public communication, as well as media and investor responses as the "audience." Data were collected through documentation techniques, mass media analysis, social media, and online observation (netnography), including official speeches, online news, and other digital content. The findings reveal a tension between political symbolism and transparency, which influences market perception. The short-term negative reaction in the IHSG reflects a misalignment between public image and policy reality. This study recommends the importance of coherence between symbolic communication and governance in maintaining market stability and building investor trust.
Islamic Equity Investment Under Fiscal Pressure: Evaluating the Impact of Indonesia’s VAT Increase on Sharia-Compliant Markets Insirat, Mutahira Nur; Syahfir, Hasri Ainun; Darmawati, Darmawati; Rasyid, Syarifuddin
Jurnal Ar-Ribh Vol 8, No 2 (2025): October 2025
Publisher : Universitas Muhammadiyah Makassar

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

Abstract

This study investigates the implications of Indonesia’s Value Added Tax (VAT) increase from 11% to 12%, effective January 1, 2025, on Sharia-compliant equity markets. Introduced as part of broader fiscal reforms, the policy aims to strengthen state revenue while exempting essential goods to minimize public burden. Using a qualitative exploratory approach, the study analyzes the impact of this fiscal shift on investor sentiment, market behavior, and sectoral performance. Results reveal that the VAT hike may reduce consumer purchasing power and corporate profitability, especially in consumption-driven sectors, thus increasing market volatility. Conversely, sectors such as healthcare, technology, and halal fintech demonstrate resilience and alignment with Sharia principles. From an Islamic finance perspective, the VAT policy is acceptable if it fulfills the objectives of maqasid al-shariah, particularly justice and protection for vulnerable groups. The study concludes that incorporating ethical investment frameworks and promoting strategic sectoral diversification can help Islamic equity investors manage risks and harness long-term opportunities amid fiscal tightening.
A Systematic Literature Review on Early Warning Systems for Stock Market Crises: The Role of Investor Sentiment Rasyid, Syarifuddin; Darmawati; Pitria, Ni Gusti Ayu; Pangraran, Fisca Mawa'
Journal of Enterprise and Development (JED) Vol. 6 No. 3 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i3.11783

Abstract

Purpose: This study systematically reviews existing research on early warning systems (EWS) for stock market crises, with a particular focus on the role of investor sentiment in enhancing prediction and mitigation efforts.Method: This study employed a systematic literature review (SLR) methodology, analyzing 32 peer-reviewed articles published between 2015 and 2024. The articles were sourced from reputable databases such as Scopus, EBSCO, and IEEE, ensuring a rigorous and reliable selection of relevant research.Result: The findings of this research indicate that investor sentiment significantly influences stock market dynamics and the occurrence of crises. The study emphasizes the importance of sentiment analysis in developing an early warning system (EWS) to enhance the accuracy and precision of stock market crisis predictions.Practical Implications for Economic Growth and Development: This research suggests that incorporating investor sentiment into early warning systems can enhance crisis prediction accuracy, stabilize financial markets, and guide proactive risk management for investors and policymakers.
Co-Authors Amalia, Lestari Rezki Nurul Amiruddiin Amiruddin BANEA, AGNES EYNE Christian, Ferry Darmawati Darmawati Darmawati Daud, Dahniyar Ferdiansah, Muhammad Irdam Haliah, Haliah Hamzah, Hajrah HS, Rahmawati Insirat, Mutahira Nur Irianto, Laode Bagus Wijaya Kaco, Rahmawati Khaerany, Rizky Kusumawati, Andi Masnia Masnia, Masnia Nadhifa, Nisrinatul Nirwana, Nirwana Nurazisah, Andi Fadhilah Pangraran, Fisca Mawa' Parintak, Sutrisno Pitria, Ni Gusti Ayu Pratiwi, Dwi Dian Ridzal, Nining Asniar Rusli, Urisnawati Syahfir, Hasri Ainun Tandilino, Charles