Akhmad Akbar Susamto
Faculty Of Economics And Business, Universitas Gadjah Mada

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Pengaruh Persaingan Politik terhadap Anggaran Kesehatan: Studi Kasus pada Kabupaten dan Kota di Indonesia Runtiningsih, Sri; Susamto, Akhmad Akbar
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 24, No. 1
Publisher : UI Scholars Hub

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Abstract

This study aims to analyze the effect of political competition on health budgets in Indonesia. The analysis was conducted using a fixed-effects panel data regression approach for Indonesia’s regencies and municipalities between 2009 and 2019. To obtain robust results, this study uses three different measures of political competition, namely the Multiparty Margin Index, the Herfindahl-Hirschman Index (HHI), and the Effective Number of Parties (ENP) Index. The estimation results show that only legislative political competition has a significant and consistent negative effect on the health budget, it is similar to the Leviathan Model theory.
The Cyclical Behavior of Capital Buffer of Indonesian Islamic and Conventional Banks Atikah, Nur; Susamto, Akhmad Akbar; Saleh, Samsubar; Abdic, Ficrat
International Journal of Islamic Economics and Finance (IJIEF) Vol. 6 No. 1 (2023): IJIEF Vol 6 (1), January 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v6i1.13154

Abstract

This paper is aimed at analyzing the cyclical behavior of capital buffer of Islamic and conventional banks in Indonesia. More specifically, this paper has three objectives. First, to test whether capital buffer in Indonesian banking industry as a whole is countercyclical or procyclical. Second, to test whether there is a difference in the level of capital buffer of Islamic banks as compared to the level of capital buffer of conventional banks. Third, to test whether there is a difference in the cyclicality of capital buffer of Islamic and conventional banks. The analysis in this paper is conducted using the standard dynamic system generalized method of moments (system GMM) regressions and includes a panel of 108 banks over the period between 2004 and 2019. From the results, it can be concluded that the capital buffer of Islamic and conventional banks in Indonesia is procyclical. From the results, it can also be concluded that no difference exists in the level of capital buffer of Islamic banks as compared to conventional banks and in the cyclicality of capital buffer in Islamic and conventional banking. If the countercyclical capital buffer is achieved, a policy measure to alter the cyclical behavior of capital buffer of Islamic and conventional banks in Indonesia therefore is a must. Such policy measure needs not to be specified for Islamic or conventional banking industry.
PROFIT-AND-LOSS SHARING FINANCING, OPERATING EXPENSES, AND THE INTERMEDIATION COSTS OF ISLAMIC RURAL BANKS IN INDONESIA Robiatun NB, Fahmia; Susamto, Akhmad Akbar; Saleh, Samsubar
Journal of Islamic Monetary Economics and Finance Vol. 10 No. 2 (2024)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v10i2.1914

Abstract

This paper examines the effect of profit-and-loss sharing financing (PLS financing) and operating expenses on the intermediation costs of Islamic rural banks in Indonesia. Using a panel dataset of 147 Islamic rural banks over the period 2011-2021 and dynamic panel regressions, it shows that, in general, PLS financing exerts no significant influence on the Islamic rural banks’ intermediation costs, as measured by the net margin. Meanwhile, the operating expenses are significantly and positively affecting the banks’ net margin, the result that is robust to different regression specifications. Accordingly, the initiatives to promote PLS financing will, at least, not necessarily have a detrimental effect on the net margin. Operating expenses matter more, underscoring the need for serious efforts to improve the effectiveness of Islamic local banks’ cost management.
The Role of Investment-Based Islamic Crowdfunding for Halal MSMEs: Evidence from Indonesia Abdullah, Zaki; Susamto, Akhmad Akbar
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 11 No. 2 (2019)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v11i2.13623

Abstract

Investment-based crowdfunding can serve as an alternative financing tool for Micro, Small and Medium Enterprises (MSMEs) in Indonesia. The development of these services can also boost the progress of halal industry because both have integrated relationships. However, not all funding campaigns for crowdfunding services are successful. This study aims to analyze the development of Islamic crowdfunding business in Indonesia and factors affecting the success of funding campaigns in these services. Primary data obtained through interviews and literature review while secondary data is collected from 39 funding campaigns in 4 Islamic crowdfunding online services. Using a quantitative approach, it finds that funding target, campaign duration, payback periods and rate of return have positive effects on campaign success, while a minimum amount of investment has a negative effect. Finally, SWOT analysis was conducted to find out the challenges and opportunities for the halal industry in utilizing such Islamic crowdfunding service. Abstrak:Crowdfunding berbasis investasi dapat menjadi sarana pembiayaan alternatif bagi UMKM di Indonesia. Berkembangnya layanan tersebut turut mendorong kemajuan industri halal karena keduanya memiliki hubungan yang terintegrasi. Namun, tidak semua kampanye pendanaan pada layanan crowdfunding berhasil. Penelitian ini bertujuan untuk menganalisis perkembangan usaha crowdfunding syariah dan faktor-faktor yang mempengaruhi keberhasilan pendanaan pada layanan tersebut. Data primer diperoleh melalui metode wawancara dan kaji literatur sedangkan data sekunder diperoleh melalui 39 kampanye pendanaan pada 4 situs crowdfunding syariah. Target pendanaan, durasi kampanye, jangka waktu pengembalian dan tingkat bagi hasil memiliki pengaruh positif terhadap keberhasilan kampanye, sementara jumlah investasi minimal memiliki pengaruh negatif. Setelah melakukan penelitian dengan pendekatan kualitatif dan kuantitatif, analisis SWOT dilakukan untuk mengetahui tantangan dan peluang bagi industri halal dalam memanfaatkan layanan crowdfunding.