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Impact of Investor Sentiment, Exchange Rates, and Foreign Capital Flow on Jakarta Islamic Index Stock Returns Rizal Ansari; Tulasmi; Sawitri
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art13

Abstract

This study examines the impact of investor sentiment, changes in exchange rates, and foreign capital flow on the Jakarta Islamic Index's return. This study uses daily data between January 2, 2017, and December 30, 2021. After examining the characteristics of autocorrelation and stationarity, we apply the Difference-Generalized Methods of Moment (D-GMM) model. In short, we do not find the effect of investor sentiment on stock returns in both contemporaneous and lag periods. Meanwhile, significant changes in exchange rates have a negative effect on stock returns on contemporaneous and lags, but foreign portfolio flows on contemporaneous and significant lags positively affect stock returns. Thus, our results have implications for trading strategies, asset pricing, and portfolio management carried out by foreign investors on Islamic stocks in Indonesia.
Analisis Bibliometrik Arah dan Perkembangan Penelitian Bertema Lembaga Keuangan Mikro Syariah di Indonesia Tahun 2013-2022 Tulasmi Tulasmi; Siti Komariyah
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 6 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v5i6.2334

Abstract

This study aims to analyze the trends, and directions of research developments regarding Islamic microfinance institutions in Indonesia indexed in Google Scholar from 2013 to 2022. The data analysis method used is the bibliometric analysis, in which the data analysis will determine the most frequently researched topics which is still rarely investigated in research, especially in journals article on the role of Islamic microfinance institutions in poverty. The data analysis tool used is VOSviewer. The results show that the development of research for ten years has increased, the total number of researches from Google Scholar data is 353 studies, of which there are 137 research journal publications. The name of the author who has produced the most works is Edi Susilo; as many as five studies and the direction of development of keywords that are still rare and not yet diverse discussing the topic of Islamic microfinance institutions are capital, economic empowerment, micro small and medium enterprise (MSME), and ZIS.
THE EFFECT OF MERGERS AND ACQUISITIONS ON THE CAPITAL STRUCTURE OF COMPANIES IN ISLAMIC PERSPECTIVE IN SHARIA BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2017 – 2021 PERIOD: English mohamad faisal; Tulasmi
At-Thullab : Jurnal Mahasiswa Studi Islam Vol. 5 No. 2 (2023): Special Issue
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/tullab.vol5.iss2.art4

Abstract

This study aims to determine the analysis of the effect of mergers and acquisitions of companies on the company's capital structure in an Islamic perspective in Islamic banking companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The population in this study are Islamic banking companies listed on the Indonesia Stock Exchange for the period 2017-2021. Sampling in this study was conducted by purposive sampling method. The criteria for companies that are used as research samples are Islamic banking companies that have gone public and are listed on the Indonesia Stock Exchange during the research period, namely 2017-2021, the availability of information on the financial statements of Islamic banking companies during the research period. Research samples that meet the criteria are taken as many as 3 go public sharia banking companies that are listed on the Indonesia Stock Exchange for the 2017-2021 period. This study uses multiple linear regression analysis to test whether capital structure is influenced by various variables, namely Fixed Asset Ratio (FAR), Growth Sales (GS), Firm Size (SIZE), Return On Equity (ROE), Degree of Financial Leverage (DFL). ), and Dividend Payout Ratio (DPR). The results of this study partially are Fixed Asset Ratio, Firm Size, Return On Equity, and Degree of Financial Leverage have a significant effect on the Debt to Equity Ratio. Meanwhile, Sales Growth and Dividend Payout Ratio have no partial significant effect on the Debt to Equity Ratio. Based on the results of the statistical f test, it shows that the Fixed Asset Ratio, Growth Sales, Firm Size, Return On Equity, Degree of Financial Leverage, and Dividend Payout Ratio variables simultaneously affect the Debt to Equity Ratio in Islamic banking companies that have gone public and are listed on the Stock Exchange. Indonesian Securities in 2017-2021.