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PENGUKURAN PRODUKTIVITAS BANK UMUM SYARIAH DI INDONESIA DENGAN INDEKS MALMQUIST Putri, Mutiara Ramadhani; Sukmaningrum, Puji Sucia
Jurnal Ekonomi Syariah Teori dan Terapan Vol 7, No 7 (2020): Juli-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20207pp1264-1275

Abstract

The development of Islamic bank is increasingly rapid and intense competition is one reason for the importance of assessing the performance of Islamic banks in Indonesia. This research was conducted to measure the level of productivity of Islamic Commercial Banks in Indonesia for the period 2011-2018. Measurement productivity level of Islamic banks can be measured by the Malmquist Productivity Index (MPI). There are 8 Islamic Commercial Banks used as research samples. This study uses an intermediation approach with an output orientation. There are two types of variables used, namely input and output variables. Input variables include: total assets, Third Party Funds, and labor costs. Output variables include: total financing and total investment. The funding of this study is productivity of Islamic Commercial Banks in Indonesia increased during the observation period. The increase was more influenced by the technology change factor (TECHCH) than the efficiency factor (EFFCH). It shows that the increase in productivity of Islamic Commercial Banks is due to the success of Islamic Commercial Banks in managing production using appropriate technology.Keywords: productivity, Islamic commercial bank, Malmquist Productivity Index, Indonesia
Strategi Penguatan Ekonomi Orang Tua pada Keluarga Anak Jalanan di Surabaya Puji Sucia Sukmaningrum; Siti Inayatul Faizah
JURNAL SOSIAL HUMANIORA (JSH) Vol 12, No 2 (2019)
Publisher : Institut Teknologi Sepuluh Nopember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12962/j24433527.v12i2.4209

Abstract

This study aims to find out the strategy on how to strengthen the economic welfare of street children’s family in Surabaya. Children are the next generation of the nation whose all their needs should be fulfilled. Surabaya, as one of the largest cities in Indonesia, has some issues relating to poverty and street children. The research employed a qualitative research method, and the informants were the street children in Sanggar Alang-Alang Surabaya. The result of the study showed that the strategy that can be given to parents of the street children is the construction of the family workforce through the creative economy program, protection from discrimination against their work, provision of services, and creating productive business for poor families
FAKTOR INTERNAL YANG BERPENGARUH TERHADAP KINERJA REKSADANA SYARIAH DI INDONESIA PERIODE 2014-20171) Farah Faadilah; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 1 (2019): Januari-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20191pp114-124

Abstract

This study aims to determine the effect of fund size, expense ratio and turnover ratio. The data used in this research is the net asset value data and shariah mutual fund prospectus of 4 shariah equity funds for the period 2014-2017. This study describes using multiple linear regression test to prove the relationship between exogenous and endogenous variables. The result of the test shows that partially fund size and positive effect is not significant on the performance of Islamic stock mutual funds, the expense ratio has no significant negative effect on the performance of Islamic equity mutual funds, while the turnover ratio has a significant positive effect on the performance of sharia mutual funds. While simultaneously fund size, expense ratio and turnover ratio have a significant influence with the coefficient of determination of 25,06%% while the remaining 74,94%  influenced by other variables not included in this study.Keywords: Sharia Mutual Funds Performance, Turnover Ratio, Cash Flow, Expense RatioREFERENCES Baroroh, Ali. 2013. Analisis Multivariat dan Time Series dengan SPSS 21. Jakarta: PT Elex Media Komputindo. Bitomo, Habib & Harjum Muharam. 2016. Analisis Faktor-Faktor yang Mempengaruhi Kinerja Reksa Dana di Indonesia. Diponegoro Journal of Management, Vol. 5, No. 2, hlm. 1-14.Departemen Agama RI. 2009. Al-Qur’an dan Terjemahnya. Jakarta: Syaamil Quran.Data Produk Reksadana Syariah per Desember 2016 (www.ojk.go.id, diakses pada 6 April 2018).Statistik Reksadana Syariah. Perkembangan Reksadana Syariah per Desember 2016 (www.ojk.go.id, diakses 6 April 2018).Tandelilin, Eduardus. 2010. Portofolio dan Investasi: Teori dan Aplikasi. Yogyakarta: Kanisius.Sharpe, William F. 1981. Investments. USA: Prentice Hall.Yuliana, Indah . 2010 . Investasi Produk Keuangan Syariah . Malang : UIN Maliki Press www.dsnmui.or.id, diakses pada 28 Februari 2017.Liitequran, http://litequran.net  (diakses tanggal 15 febuari 2018)www.anggaran.depkeu.go.id (diakses pada 2 April 2018)
KINERJA KEUANGAN PADA PERUSAHAAN ASURANSI UMUM SYARIAH DAN ASURANSI JIWA SYARIAH DI INDONESIA PERIODE 2014-2016 Fitriati Fatimatuzzahra; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 7 (2018): Juli-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (495.577 KB) | DOI: 10.20473/vol5iss20187pp606-622

Abstract

This research is to know the difference of financial performance between islamic general insurance companies and islamic life insurance companies in the periods of 2014-2016. This research used quantitative for the research method, purposive sampling for the sampling technique, islamic general insurance companies and islamic life insurance companies for the sample. This research conduct the comparative analyzed with independent sample t-test and mann-whitney test. This research used nine variables to evaluate the financial performance which was SMR, TKD, BK, BM, PI, LK, ABSR, PP, and CT. The cmparative analysis showed that there are no differences on SMR, BK, BM, PI, PP, and CT, whereas there aredifferences on TKD, LK, and ABSR REFERENCESAgustina, Maria Indah. 2010. Analisis Kinerja Keuangan Berdasarkan Early Warning System Pada PT. Asuransi Central Asia Cabang Palembang. Palembang. Jurnal Akuntansi. POLTEK PalComTech Palembang, (http://news.palcomtech.com/wp-content/uploads/2012/01/Maria_AnalisisKinerjaKeuanganBerdasarkanEWS.pdf, diakses pada 5 Oktober 2016). Detiana, Titi. 2012. Pengaruh Financial Early Warning Signal Terhadap Perubahan Harga Saham Pada Perusahaan Asuransi yang Terdaftar di Bursa Efek Indonesia. Jurnal Bisnis dan Akuntansi. STIE Trisakti, (Online), Vol. 14,No. 3, Halaman 239-245, (http://www.stietrisakti.ac.id/JBA/6_artikel_jba14.3Desember2012.asp, diakses pada 5 Oktober 2016)Hidayat, Sutan Emir dan Aaleya Mohammed Abdulla. 2015. A Comparative Analysis on the Financial Performance between Takaful and Conventional Insurances Companies in Bahrain during 2006-2011. Journal of Islamic Economis, Banking, and Finance. (Online), Vol. 11, No. 2, (https://www.researchgate.net/, diakses pada 5 Januari 2017)Husnan, Suad. 2007. Dasar-Dasar Manajemen Keuangan. Edisi Keempat. Cetakan Pertama. UPP AMP YKPNJanwari, Yadi. 2005. Asuransi Syariah. Bandung: Pustaka Bani QuraisyKasmir, SE.M.M. 2008. Analisis Laporan Keuangan. Jakarta: PT. Raja Grafindo PesadaOktaviani, Ratna Safrida. 2016. Analisis Komparasi Kinerja Keuangan Perusahaan Asuransi Umum Syariah Swasta Nasional dan Patungan Berdasarkan early Warning System Periode 2012-2015. Skripsi tidak diterbitkan. Surabaya. Fakultas Ekonomi dan Bisnis Universitas AirlanggaRahajeng, Ryan Pinasti. 2012. Penilaian Kinerja Keuangan Perusahaan Asuransi Umum Menggunakan Early Warning System.  Skripsi tidak diterbitkan. Malang. Fakultas Ekonomi dan Bisnis Universitas BrawijayaSatria, Salustra. 1994. Pengukuran Kinerja Keuangan Perusahaan Asuransi Kerugian di Indonesia dengan Analisis Rasio Keuangan “Early Warning System”. Jakarta: Lembaga Penerbit FE-UISula, Muhammad Syakir. 2004. Asuransi Syariah (Life and General) Konsep dan Sistem Operasional. Cetakan 1. Jakarta: Gema Insani PressUndang-Undang Republik Indonesia Nomor 2. 1992. ”Undang-Undang Republik Indonesia Nomor 2 Tahun 1992 tentang Usaha Perasuransian”Van Horne, James C dan Wachowicz, John M Jr. 1997. Prinsip-prinsip Manajemen Keuangan. Alih Bahasa Heru Sutojo. Edisi Kesembilan. Jakarta: Salemba Empat. 
KINERJA KEUANGAN PADA PERUSAHAAN ASURANSI SYARIAH DI INDONESIA DAN PERUSAHAAN ASURANSI SYARIAH DI MALAYSIA PERIODE 2013-2015 ZATA ATIKAH AMANI; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 8 (2018): Agustus-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (504.928 KB) | DOI: 10.20473/vol5iss20188pp645-663

Abstract

The purpose of this research is to determine the differences in financial performance of Islamic insurance in Indonesia and Islamic insurance in Malaysia during the period of 2013-2015. This research method uses quantitative methods, and using sample of three Islamic insurance companies in Indonesia and eight Islamic insurance companies in Malaysia. Subsequently, do different test by using Mann-Whitney Test and Independent Sample T-Test. Assessment of financial performance is measured by the ratio of change of surplus ratio,underwriting ratio, incurred loss ratio, commission ratio, management ratio, premium growth ratio, and retention ratio. The data used is secondary data which is being collected of annual financial report from 2013-2015. The comparison shows that there’s significant difference in, underwriting ratio, and there are no significant differences in surplus ratio, incurred loss ratio, commission ratio, management ratio, premium growth ratio, retention ratio.  REFERENCESAli, Hasan AM. 2004. Asuransi dalam Perspektif Hukum Islam: Suatu Tinjauan Analisis Historis, Teoritis, & Praktis. Jakarta: KencanaAmMetLife Takaful Berhad. 2013. Laporan Keuangan Tahunan 2012, (Online). (www.ammetlifetakaful.com, diakses 8 Maret 2017)-------. 2014. Laporan Keuangan Tahunan 2013, (Online). (www.ammetlifetakaful.com, diakses 8 Maret 2017)-------. 2015. Laporan Keuangan Tahunan 2014, (Online). (www.ammetlifetakaful.com, diakses 8 Maret 2017)-------. 2016. Laporan Keuangan Tahunan 2015, (Online). (www.ammetlifetakaful.com, diakses 8 Maret 2017)Amrin, Abdullah. 2006. Asuransi Syairah: Keberadaan dan Kelebihannya di Tengah Asuransi Konvensional. Jakarta: Elex Media KomputindoAnshori, Musclich dan Iswati, Sri. 2009. Buku Ajar Metodologi Penelitian Kuantitatif. Surabaya: Pusat Penerbitan dan Percetakan UNAIR (AUP) Asuransi Jiwa Syariah Al-Amin. 2013. Laporan Keuangan Tahunan 2012, (Online). (www.alamin-insurance.com, diakses 8 Maret 2017)-------. 2014. Laporan Keuangan Tahunan 2013, (Online). (www.alamin-insurance.com, diakses 8 Maret 2017)-------. 2015. Laporan Keuangan Tahunan 2014, (Online). (www.alamin-insurance.com, diakses 8 Maret 2017)-------. 2016. Laporan Keuangan Tahunan 2015, (Online). (www.alamin-insurance.com, diakses 8 Maret 2017)Asuransi Takaful Keluarga. 2013. Laporan Keuangan Tahunan 2012, (Online). (www.takaful.co.id, diakses 8 Maret 2017)-------. 2014. Laporan Keuangan Tahunan 2013, (Online), (Online). (www.takaful.co.id, diakses 8 Maret 2017)-------. 2015. Laporan Keuangan Tahunan 2014, (Online). (www.takaful.co.id, diakses 8 Maret 2017)-------. 2016. Laporan Keuangan Tahunan 2015, (Online). (www.takaful.co.id, diakses 8 Maret 2017)Asuransi Takaful Umum. 2013. Laporan Keuangan Tahunan 2012, (Online). (www.takafulumum.co.id, diakses 8 Maret 2017)-------. 2014. Laporan Keuangan tahunan 2013, (Online). (www.takafulumum.co.id, diakses 8 Maret 2017)-------. 2015. Laporan Keuangan tahunan 2014, (Online). (www.takafulumum.co.id, diakses 8 Maret 2017)-------. 2016. Laporan Keuangan tahunan 2015, (Online). (www.takafulumum.co.id, diakses 8 Maret 2017)Bank Negara Malaysia. 2004. Malaysian Takaful Industry 1984-2004, (Online). (www.bnm.gov.my, diakses 20 Januari 2017)-------. 2005. Family Takaful, (Online). (www.bnm.gov.my, diakses tanggal 9 Maret 2017)-------. 2005. The Conceptual Aspects of General Takaful and Presents an Insight Into the Operation of General Takaful Business in Malaysia, (Online). (www.bnm.gov.my, diakses tanggal 9 Maret 2017)-------. 2005. Guidelines of the Governance of Sharia Committee on Islamic Banking and Takaful, (Online). (www.bnm.gov.my, diakses tanggal 3 Maret 2017)-------. 2013. Guidelines on Takaful Operational Framework, (Online). (www.bnm.gov.my, diakses tanggal 9 Maret 2017)------. 2015. Life Insurance and Family Takaful Framework, (Online). (www.bnm.gov.my, diakses tanggal 9 Maret 2017)-------. 2015. Financial Reporting for Takaful Operators, (Online). (www.bnm.gov.my, diakses tanggal 21 Februari 2017)-----. 2016. Takaful Annual Report 2015, (Online). (www.bnm.gov.my, diakses 24 Januari 2017)Dahlan, Abdul Aziz, et al. 2001. Ensiklopedi Hukum Islam. Jakarta: Ichtiar BaruDepartemen Agama RI. 2009. Al-Qur’an dan Terjemahan. Bandung: Syamil QuranGreat Eastern. 2013. Annual Financial Statement 2012, (Online). (www.greateasterntakaful.com, diakses 8 Maret 2017)-------. 2014. Annual Financial Statement 2013, (Online). (www.greateasterntakaful.com, diakses 8 Maret 2017)-------. 2015. Annual Financial Statement 2014, (Online). (www.greateasterntakaful.com, diakses 8 Maret 2017)-------. 2016. Annual Financial Statement 2015, (Online). (www.greateasterntakaful.com, diakses 8 Maret 2017)Hasan, Nurul Ichsan. 2014. Pengantar Asuransi Syariah. Jakarta: Referensi (Gaung Persada Press Group)Hong Leong MSIG Takaful. 2013. Annual Financial Statement 2012, (Online). (www.hlmtakaful.com.my, diakses 8 Maret 2017)-------. 2014. Annual Financial Statement 2013, (Online). (www.hlmtakaful.com.my, diakses 8 Maret 2017)-------. 2015. Annual Financial Statement 2014, (Online). (www.hlmtakaful.com.my, diakses 8 Maret 2017)-------. 2016. Annual Financial Statement 2015, (Online). (www.hlmtakaful.com.my, diakses 8 Maret 2017)Lind, Douglas A, dkk. 2013. Teknik-teknik Statistika dalam Bisnis dan Ekonomi Menggunakan Kelompok Data Global Edisi 13 Buku 1. Jakarta: Salemba EmpatOtoritas Jasa Keuangan. 2016. Daftar Perusahaan Asuransi Jiwa Syariah, (Online). (www.ojk.go.id, diakses tanggal 7 Oktober 2016)-------. 2016. Daftar Perusahaan Asuransi Umum dan Reasuransi Syariah, (Online). (www.ojk.go.id, diakses tanggal 7 Oktober 2016)-------. 2014. Ikhtisar Data Keuangan IKNB Syariah 2013, (Online). (www.ojk.go.id, diakses 20 Januari 2017)-------. 2015. Ikhtisar Data Keuangan IKNB Syariah 2014, (Online). (www.ojk.go.id, diakses 20 Januari 2017)-------. 2016. Ikhtisar Data Keuangan IKNB Syariah 2015, (Online). (www.ojk.go.id, diakses 20 Januari 2017)Pusat Pengkajian dan Pengembangan Ekonomi Islam (P3EI) Universitas Islam Indonesia Yogyakarta & Bank Indonesia. 2008. Ekonomi Islam. Jakarta : PT Rafagrafindo PersadaRepublik Indonesia. Kitab Undang-Undang Hukum Dagang Pasal 246 tentang Asuransi atau PertanggunganSantoso, Singgih. 2010. Statistik Nonparametrik. Jakarta: PT Elex Media KomputindoSatria, Salusra. 1994. Pengukuran Kinerja Keuangan Perusahaan Asuransi Kerugian di Indonesia. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas IndonesiaShihab, M. Quraish. 2002. Tafsir Al-Mishbah: Pesan, Kesan, dan Keserasian Al-Qur’an. Jilid 1-15. Jakarta: Lentera HatiSiagian, Dergibson dan Sugiarto. 2006. Metode Statistik Untuk Bisnis dan Ekonomi. Jakarta: PT Gramedia Pustaka UtamaSula, Muhammad Syakir. 2004. Asuransi Syariah (Life and General) Konsep dan Sistem Operasional. Jakarta: Gema Insani
ANALISIS ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY SEBELUM DAN SESUDAH PENGUMUMAN PBI NOMOR 18/16/PBI/2016 TENTANG PELONGGARAN RASIO LOAN TO VALUE (LTV) KPR Nurul Dwi Wahyuni; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 9 (2018): September-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (581.789 KB) | DOI: 10.20473/vol5iss20189pp713-727

Abstract

The purpose of this study is to analyze the reaction of investors before and after the announcement of PBI number 18/16/PBI/2016 using indicator of abnormal return and trading volume activity. Period of this study is 60 days of estimation period, 10 days before and 10 days after the event. The sample used in this study was 35 company sectors property and real estate listed in Indonesia Sharia Stock Index (ISSI). Analysis technique used is paired sample t-test forabnormal return and Wilcoxon signed-rank test for trading volume activity. The results showed that there are insignificant differences for average abnormal return before and after event. This means in efficient market will difficult to get abnormal return. The results showed that there are significant differences for average trading volume activity before and after event. This means that investors assume the event has good information so that there is a positive market reaction.  REFERENCESAl Qur’an dan terjemahannya revisi tahun 2004. Jakarta: Depag RI Anshori, Muslich & Sri Iswati. 2009. Buku ajar metodologi penelitian kuantitatif. Surabaya: Pusat Penerbitan dan Pencetakan Unair (AUP) Bei, Viktoria Nafrida Rame. 2015. Dampak Penerapan Kebijakan Loan to Value terhadap Reaksi Pasar Modal di Bursa Efek Indonesia: Sebuah Pendekatan Event Study. Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya Malang volume 3 nomer 2Huda, Nurul & Mustafa Edwin Nasution.  2007. Investasi pada Pasar Modal Syariah. Jakarta: KencanaJogiyanto, H.M. 2009. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE Universitas Gadjah MadaLiogu, S. J dan I. S. Saerang.2015. Reaksi Pasar Modal terhadap Pengumuman Harga BBM atas Saham LQ 45 pada tanggal 1 November 2014. Jurnal EMBA, volume 3, nomor 1, Maret 2015, hal. 1274-1282 Pramana, Andi. 2012. Analisis Perbandingan Trading Volume Activity dan Abnormal Return Saham Sebelum dan Sesudah Pemecahan Saham (Studi Kasus pada Perusahaan yang terdaftar di Bursa Efek Indonesia periode 2007-2011).skripsi tidak diterbitkan. Semarang Fakultas Ekonomika dan Bisnis Universitas Diponegoro Republik Indonesia. 2016. Peraturan Bank Indonesia Nomor 18/16/PBI/2016 tentang Rasio Loan to Value untuk Kredit Properti, Rasio Financing to Value untuk Pembiayaan Properti dan Uang Muka untuk Kredit atau Pembiayaan Kendaraan BermotorRepublik Indonesia. 1995. Undang-Undang Nomor 8 tahun 1995 tentang Pasar ModalSamsul, Mohamad. 2006. Pasar Modal dan Manajemen Portofolio. Surabaya: ErlanggaSetiawan, I Gede Hendra, et al. 2015.Reaksi Pasar pada Regulasi Loan to Value. E-jurnal Akuntansi Universitas Udayana 10.1 (2015): 107-120Suharyanto, Dwi dan Rusdayanti Asma. 2013. Analisis Abnormal Return Saham Sebelum dan Sesudah Pengumuman Peraturan Loan to Value (Studi Pada Perusahaan Properti Di Bursa Efek Indonesia).Jurnal Wawasan Manajemen, Volume 1, Nomor 2, Juni 2013, hal.281-298.Sutedi, Adrian. 2011. Pasar Modal Syariah. Jakarta: Sinar Grafika.Tandelilin, Eduardus. 2010. Portofolio dan Investasi : Teori dan Aplikasi. Yogyakarta: Penerbit KanisiusYani, Sri Indah, et al. 2016. Analisis Pelonggaran Kebijakan Loan to Value (LTV) terhadap Abnormal return dan Trading Volume Activity di Bursa Efek Indonesia: Pendekatan Event Study. Artikel Ilmiah Mahasiswa. Jember Ekonomi Pembangunan UNEJ
PENGARUH VARIABEL MAKROEKONOMI TERHADAP JAKARTA ISLAMIC INDEX PERIODE 2011-2018 Syafrina Hidayati; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 9 (2019): September-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20199pp1894-1908

Abstract

This research aims to determine the effect of Macroekonomic Variables against the sharia stock index, Jakarta Islamic Index . the approach used is quantitative by using the Vector Error Correction Model (VECM) analysis technique with the STATA program.While the Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price as dependent variables and Jakarta Islamic Index (JII) as the independent variable.Secondary data are used in this research from the official website Badan Pusat Statistik, Bank Indonesia, U.S Energy Information Administration(EIA) and yahoofinance. The result of the research shows that in the short term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price have no significant influence against Jakarta Islamic Index. While in the long term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index have signicant influence against Jakarta Islamic Index. Oil price in the long term has no significant influence against Jakarta Islamic IndexREFFERENCESAnsofino, Jolianis, Yolamalinda, & Arflindo, H. 2016. Buku Ajar Ekonometrika (pertama). Yogyakarta: deepublish.Atmadja, A. S. 1999. Inflasi Di Indonesia : Sumber-Sumber Penyebab Dan Pengendaliannya. Jurnal Akuntansi Dan Keuangan, 1(1), 54–67.Bahreisj, H. (n.d.). Hadis Shahih Al-Jamius Shahih Bukhari Muslim. Surabaya: CV. Karya Utama.Bank Indonesia. 2008. Peraturan Bank Indonesia Nomor : 10/ 11 /Pbi/2008 Tentang Sertifikat Bank Indonesia Syariah.Beik, I. S., & Fatnawati, S. W. (2014). Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi terhadap Jakarta Islamic Index. Al-Iqtishad : Journal of Islamic Economics, 6(2), 155–178.Bryman, A. 2005. Social Research Methods. New York: Oxford University.Darmadji, T. 2000. Pasar Modal di Indonesia. Jakarta: Salemba Empat.Djazuli, A. 2006. Kaidah-Kaidah Fikih: Kaidah Hukum Islam Dalam Menyelesaikan Masalah-Masalah Yang Praktis. Jakarta: Kencana.Firdausi, A. N., Fahmi, I., & Saptono, I. T. 2016. Pengaruh Indeks Harga Saham Regional ASEAN dan Variabel Makroekonomi terhadap Indeks Harga Saham Syariah Indonesia (ISSI. Al-Muzara’ah, 4(2), 76–96.Fitriany. 2012. Analisa Pengaruh Krisis Global Financial terhadap Jakarta Islamic Index ( JII ) dan Index Harga Saham Gabungan ( IHSG ). Jurnal Ekonomi & Keuangan Islam, 2(1), 1–12.Gilarso, T. 2004. Pengantar Ilmu Ekonomi Makro. Yogyakarta: Kanisius.Gujarati, D. N. 2003. Ekonometrika Dasar. Jakarta: Erlangga.Gumilang, R. C., Hidayat, R. R., & Wi, M. G. 2014. Pengaruh Variabel Makro Ekonomi, Harga Emas Dan Harga Minyak Dunia Terhadap Indeks Harga Saham Gabungan (Studi Pada Bursa Efek Indonesia Periode 2009-2013), 14(2), 1–9.Hartono, J. 2010. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.Hendro, T., & Rahardja, C. T. 2014. Bank & Institusi Keuangan Non Bank di Indonesia. Yogyakarta: UPP STIM YKPN.Johar, A. 1999. Kamus Istilah Pasar Modal, Akuntansi Keuangan dan Perbankan. Jakarta: Gramedia.Karim, A. A. 2007. Ekonomi Makro Islami(ketiga). Jakarta: PT Raja Grafindo Persada.Kasiram, H. M. 2008. Metodologi Penelitian Kualitatif-Kuantitatif. Malang: UIN Malang Press.Kewal, S. S. 2012. Pengaruh Inflasi, Suku Bunga, Kurs, dan Pertumbuhan PDB Terhadap Indeks Harga Saham Gabungan. Jurnal Economia, 8(1), 53–64.Larasati, M. (2017). Pengaruh Sertifikat Bank Indonesia Syariah (SBIS), Dow Jones Islamic Market Index (DJIMI), Kurs Rupiah, dan Inflasi terhadap Jakarta Islamic Index. Universitas Muhammadiyah Yogyakarta.Mankiw, G. N. 2006. Pengantar Ekonomi Makro(Ketiga). Jakarta: Salemba Empat.Manullang, J. H. 2009. Perkembangan Indeks Produksi Industri Besar dan Sedang 2006-2009. Jakarta: BPS.Maski, G., & Widyastuti, Y. En. 2003. Efektivitas Kebijakan Suku Bunga Dalam Mencapai Keseimbangan Nilai Tukar. Tema, 4(1).Mulyani, N. (2014). Analisis Pengaruh Inflasi, Suku Bunga, Nilai Tukar Rupiah, dan Produk Domestik Bruto Terhadap Jakarta Islamic Index., 1(10).Nisa, N. K., & Sukmana, R. 2017. Analisis Pengaruh Variabel – Variabel Makroekonomi Terhadap Jakarta Islamic Indeks (JII) Periode 2007-2015. Jurnal Ekonomi Syariah Teori Dan Terapan, 4(6 Juni 2017), 449–463.Nizar, M. A. 2012. Dampak Fluktuasi Harga Minyak Dunia terhadap Perekonomian Indonesia. Buletin Ilmiah Litbang Perdagangan, 6(2), 189–209.Nurdin. 1999. Analisis Pengaruh Inflasi, Nilai Tukar, Tingkat Suku Bunga, Pertumbuhan Ekonomi, Kebijakan Pemerintah, Struktur Modal, Struktur Aktiva, Liquiditas terhadap Risiko Investasi Saham Properti di Bursa Efek Jakarta. Universitas Diponegoro.Perdana, A. R. 2008. Faktor yang Mempengaruhi Perkembangan Saham Syariah Di Jakarta Islamic Index ( JII ). Universitas Islam Negeri Syarif Hidayatullah.Pribadi, A. K. 2018. Pengaruh Harga Minyak Dunia  terhadap Indeks Saham Sektoral di Indonesia. Universitas Airlangga.Putri, A. 2018. Analisis Pengaruh Variabel Makroekonomi terhadap Perkembangan Indeks Saham Syariah Indonesia (ISSI). Institut Pertanian Bogor.Ryandono, M. N. H. 2009. Bursa Efek dan Investasi Syariah. Jakarta: Serambi.Sahria. 2010. Pemodelan Sertifikat Bank Indonesia Syariah dengan Metode System Dynamics. Universitas Islam Negeri Syarif Hidayatullah.Sarwar, A., Aftab, M. H., Khan, R. A., & Qureshi, H. A. 2014. Impact of Macroeconomic Factors on the Stock Index : A Case Study of Pakistan. Sci.Int.(Lahore),26(5), 2595–2601.Sjahdeini, S. R. 2014. Perbankan Syariah. Jakarta: Kencana.Soemitra, A. 2009. Bank dan Lembaga Keuangan  Syariah (Pertama). Jakarta: Kencana.Suciningtias, S. A., & Khoiroh, R. 2015. Analisis Dampak Variabel Makro Ekonomi Terhadap Indeks Saham Syariah Indonesia. Conference In Business, Accounting Anda Management, 2, 398–412.Sugiyono. 2013. 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FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN PERDAGANGAN, JASA DAN INVESTASI YANG TERDAFTAR DI ISSI Nadia Laksmita Sari; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 10 (2019): Oktober-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss201910pp2008-2023

Abstract

This research aims to find out the factors that influence company value (Tobin’s Q) trade, services and investment registered at ISSI during 2013-2017. This study uses a quantitative approach with panel data regression analysis techniques. The results of this study shows that managerial ownership, Return On Equity, Current Ratio, Debt To Asset Ratio, Total Assets Turnover Ratio simultaneously have a significant effect on firm value (Tobin’s Q). Partially managerial ownership variable has a significant negative effect, the Return On Equity variable has a positive significant effect, the Current Ratio and Debt To Asset Ratio variables have a positive insignificant effect and the Total Assets Turnover Ratio has a negative but not significant effect on firm value (Tobin’s Q).Keywords: Managerial Ownership, Return On Equity, Current Ratio, Debt to Asset Ratio, Total Asset Turnover Ratio, Tobin’s Q
ANALISIS PERBEDAAAN AVERAGE ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY SEBELUM DAN SESUDAH PERISTIWA DIVIDEN TUNAI PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) PERIODE 2014 – 2017 Azyyati Yusrina; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 12 (2019): Desember-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss201912pp2512-2526

Abstract

This study aims to find out and explain the market reaction caused by the corporate action announcement in the form of dividend cash made by issuers registered in the Jakarta Islamic Index for the period of 2014 to 2017. The object of research is issuers who carry out activities on the announcement of Cash Devidend in the period of observation that are registered in the Jakarta Islamist Index which has been determined based on certain criteria (purposive sampling). There are 17 issuers with a total of 91 being the research sample. The observation period consists of 60 days estimated period, 10 days before the cume date and 10 days after the cume date. The focus of the research is to see the reaction shown by changes in Average Abnormal Return and Trading Volume Activity by using paired sample t-test for trading volume activity variables and Wilcoxon sign-rank test for abnormal return variables. Processing data using Stata ver statistical tools 14 by setting a significant level of 5%. The results showed that there were significant differences in Average Abnormal Return before and after the announcement and there were no differences in the Trading Volume Activity before and after the announcement.Keywords: event study, cash deviden, Average Abnormal Return, Trading Volume Activity
THE IMPLEMENTATION OF MUDHARABAH FINANCING RISK MANAGEMENT IN THE SHARIA FINANCIAL SERVICES COOPERATIVE (CASE STUDY ON AL ABRAR SHARIA FINANCIAL SERVICES COOPERATIVE) Ady Wena Pramudya; Puji Sucia Sukmaningrum
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 1 (2020): Januari-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20201pp162-172

Abstract

This study aims to analyze the implementation of Mudharabah Financing in the Al Abrar Islamic Financial Services Cooperative in the city of Surabaya. Sharia financial services cooperatives require a series of procedures and methodologies that can be used to identify, assess, mitigate and evaluate risks arising from Mudharabah financing. This study uses a qualitative approach with case study research methods. The technique of collecting data uses direct interviews, documentation and observation. Purposive techniques are used in determining the unit of analysis. The analysis technique used is narrative-descriptive analysis, which describes the results of interviews and direct observation. Then to find out the validity of the data, researchers used triangulation techniques by matching the findings of primary data and secondary data. The results of this study indicate that Al Abrar Surabaya Islamic Financial Services Cooperative processes the risk management at the stage of identification, assessment, mitigation and risk control. This can be indicated through the way the Al Abrar Financial Services Cooperative deals with customers who fail to pay.Keywords: Risk Management, Risk, Customers, Islamic Financial Services CooperativesREFFERENCEAntonio, M. S. (2001). Islamic banking (bank syariah dari teori ke praktik). Jakarta: Gema Insani.Idroes, F. N. (2008). Manajemen risiko perbankan pemahaman pendekatan pilar kesepakatan basel. Jakarta: PT. RajaGrafindo Persada.Karim, A. A. (2010). Bank islam: analisis fiqh dan keuangan. Jakarta: PT. Raja Grafindo Persada.Rivai, V., & Andriapermata, V. (2008). Islamic financial management: teori, konsep, dan aplikasi (panduan praktis untuk lembaga keuangan, nasabah, praktisi, dan mahasiswa). Jakarta: PT Raja Grafindo.Mirakhor, Abbas, & Iqbal, Z. (2008). Pengantar keuangan islam: teori dan praktik. Jakarta: Kencana Prenada Media Grup.nawawi, i. (2009). Ekonomi kelembagaan Syariah. Surabaya: Putra media nusantara.Ronny, K. (2008). Mudah memahami manajemen resiko perusahaan. Jakarta: PT. Salemba Empat Patria.Siahaan, H. (2007). Manajemen risiko: konsep, kasus & implementasi. Jakarta: PT. Elex Media KomputindoSugiyono. (2012). Metode penelitian kuantitatif, kualitatif, dan R&D. Bandung: AlfabetaYin, R. (2006). Studi kasus: desain & metode. Jakarta: PT RajaGrafindo Persada.
Co-Authors Abdul Ghofur Achsania Hendratmi Ady Wena Pramudya Al Marifatul A'la Alifia Riza Azhari AMANI, ZATA ATIKAH Anindita, Nandini Annisa Rahma Febriyanti Aufar Fadlul Hady Azyyati Yusrina Bayu Arie Fianto Bin Mohd Dali, Nuradli Ridzwan Shah Che Mohd Salleh, Marhanum Chorista Fitriani Eka Puspa Dewi Eko Fajar Cahyono, David Kaluge Faiz, Ayatur Muhammad Farah Faadilah Fatimatuzzahra, Fitriati Filianti, Dian Fitriati Fatimatuzzahra Hamidatul Husnah Hanifiyah Yuliatul Hijriah, Hanifiyah Yuliatul Ichwan Abdillah Idzal Dwi Nantyah Ikramina, Cyntia Imron Mawardi Ira Ragelia Luthfi Nur Rosyidi Martini Dwi Pusparini, Martini Dwi Miftakhul Fadhilah Mohd Dali, Nuradli Ridzwan Shah Bin Muhammad Iqbal Rifqi Ardianto Muhammad Madyan, Muhammad Muhammad Satriyo Wibowo Muhammad Ubaidillah Al Mustofa Muhammad Wicaksono Hasdyani Putra Muryani Muryani Mutiara Ramadhani Putri Mutiara Ramadhani Putri Nadia Laksmita Sari Nikmatul Atiya Ninda Ardiani Nisful Laila Noven Suprayogi, Noven Novia Rizky Ramadhanty Nur Rochmania Nurul Dwi Wahyuni Nurul Hidayati Nurul Laili Rahmawati Putra, Muhammad Wicaksono Hasdyani Putri, Mutiara Ramadhani Putri, Tsamara Nadya Cantika Rahmat, Tsaniya Kamilah Rama Wijaya, Andika Rani, Lina Nugraha Rischi Qonita Fauziah Rusmita, Sylva Alif Salsabiilaa Nadiah Putri Herlambang Savilla Azzahra Shafana Putri Sambas Siti Inayatul Faizah, Siti Inayatul Siti Zulaikha Sri Herianingrum Sri Ningsih Sulistya Rusgianto Syafrina Hidayati Tika Widiastuti Wahyuni, Nurul Dwi Wibowo, Muhammad Satriyo Wijayanti, Ida ZATA ATIKAH AMANI