M. Fakhri Husein
Islamic State University of Sunan Kalijaga Yogyakarta

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ANALISIS STATIONERITAS BETA DI BURSA EFEK JAKARTA Husein, M. Fakhri
KINERJA Vol 8, No 2 (2004): Kinerja
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v8i2.896

Abstract

This research tries to explore the issue of beta stationarity on Jakarta Stock Exchange. The tests indicate that the stationarity beta is dependent on the estimation interval. Investor will be better off using a longer estimation period. Understanding beta make it easier for investors to predict their future investments. By using 92 samples listed in BEJ, correlation analysis convey that beta tends not to stay in the same risk class from one period to the next.Keywords: Stasionarity, Beta, correlation coefficient
Analisis Kluster Perkembangan Bank Perkreditan Rakyat Syariah (BPRS) di Pulau Jawa Husein, M. Fakhri
Asy-Syir'ah: Jurnal Ilmu Syari'ah dan Hukum Vol 49 No 1 (2015)
Publisher : UIN Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ajish.v49i1.138

Abstract

There is little empirical evidence about the concentration of sharia rural credit bank’s development in Indonesia. This research is aimed to investigate about the development of sharia rural credit bank, whether is concentrated in the certain cities (as a center of economic growth) or in municipal areas. This research also explores the cluster of sharia rural development bank by using income growth, market share growth and asset growth variables. By analysing 68 sharia rural credit bank (BPRS) in 32 cities and municipals, this research found several interesting facts. First, there is no difference between cities and municipal in Java in terms of income growth, market share growth and asset growth. Second, there are two clusters of BPRS in terms of income growth, market share growth and asset growth variables. This research can be benefited by government and regulators to design and implement the sharia bank development strategy.
Precision of the models of Altman, Springate, Zmijewski, and Grover for predicting the financial distress Husein, M. Fakhri; Pambekti, Galuh Tri
Journal of Economics, Business, and Accountancy Ventura Vol. 17 No. 3 (2014): December 2014
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v17i3.362

Abstract

Financial distress models need to be developed as a model of an early warning system. Such an effort is intended to anticipate the conditions that can lead to the bankruptcy of the company. This study aims to analyze the accuracy of the model of Altman, Springate, Zmijewski, and Grover as the best predictor of financial distress. This research is a quantitative study in which the data were collected by means of a data pool. This is done by using a dummy variable. The sample consists of 132 companies which are listed on the list of Daftar Efek Syariah (DES) in 2009-2012. The analysis isdone by using an analytical tool that is a Binary Logistic Regression. It shows that the model of Altman, Zmijewski models, Springate, and Grover can be used for prediction of financial distress. However, the model of Zmijewski is the most appropriate model to be used for predicting the financial distress because it has the highest level of significance compared to the other models. Zmijewski model is used for having more emphasis on the leverage ratio as an indicator of financial distress.