Claim Missing Document
Check
Articles

Dynamics of Macroeconomic Variables on Syariah Stock Returns in Asean Region: ARDL Analysis R., Abdul Azis; Kasim, Muhammad Yunus; Dwijaya, I Kadek Belyoni; Andriani, Nini; Utami, Ayu Putri
Jurnal Penelitian Ekonomi dan Bisnis Vol. 11 No. 1 (2026): March 2026
Publisher : Universitas Dian Nuswantoro Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33633/jpeb.v11i1.12461

Abstract

This study investigates the temporal impact of macroeconomic indicators specifically inflation, GDP growth, and foreign exchange reserves on Islamic stock returns within the ASEAN region, focusing on both short-term and long-term effects. Employing a quantitative approach with a causal design, the research utilizes the ARDL Panel model to analyze quarterly data from Sharia stock indices in Indonesia, Malaysia, Thailand, and Singapore spanning 2014 to 2023. The findings indicate that inflation negatively affects Islamic stock returns in the long term, while its short-term impact is minimal. In contrast, economic growth is found to enhance Islamic stock returns in both timeframes. Regarding foreign exchange reserves, the analysis reveals a negative long-term effect but a positive short-term effect. These conclusions highlight the importance for investors and regulators to consider macroeconomic dynamics when developing investment strategies
Bank Health Analysis Based on the RGEC Method and Its Effect on Profitability (Case Study at PT Bank Sulteng, Palu City) Saputra, Egi; Zainuddin, Fatlina; Kasim, Yunus; Anisah, Anisah
JURNAL MANAJEMEN MOTIVASI Vol 22 No 1 (2026): Jurnal Manajemen Motivasi
Publisher : Universitas Muhammadiyah Pontianak

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29406/jmm.v22i1.8371

Abstract

This study aims to analyze the financial health of PT Bank Sulteng using the RGEC method, consisting of Risk Profile (NPL), Good Corporate Governance (GCG), Earnings (BOPO), and Capital (CAR), and their influence on profitability measured by Return on Assets (ROA). The data were obtained from quarterly financial reports covering the 2017–2024 period and analyzed using multiple linear regression with SPSS version 30. The findings indicate that only BOPO significantly affects profitability, while NPL, GCG, and CAR do not. The study highlights the importance of operational efficiency as a key factor in improving profitability and sustaining financial performance at Bank Sulteng