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ANALISIS PENGARUH LIKUIDITAS DAN MARJIN KEUNTUNGAN TERHADAP PENDAPATAN BAGI HASIL MUSYARAKAH DENGAN SUKU BUNGA KONVENSIONAL SEBAGAI MODERASI Fauzan, Muhammad Azmi; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The global Islamic finance industry has demonstrated its ability to withstand the crisis for the values of the Islamic finance industry has prepared itself from speculations. On the other hand, there is support for the Indonesian government to develop sharia economic system since the majority of the Indonesian people embrace the religion of Islam. Islamic banking system, which prohibits a transaction of interest (riba/usury,) has become the investment solutions as well as the funding needs for both Muslims and non-Muslims. However, the community needs for banking products in accordance with sharia cannot be fulfilled properly because of Islamic banking has been made conventional interest rate as an indirect reference to determine the level of revenue sharing.This study analyzed the effect of liquidity associated with liquidity and the profit margin on revenue for the Bank’s results on transactions Musharaka financing moderated by JIBOR (Jakarta Interbank Offered) on Islamic Banks in Indonesia from 2010 to 2014. The sampling technique was purposive sampling method to 7 Islamic Banks which has total assets of more than 1 trillion rupiah. Secondary data were obtained from Bank Indonesia and web publications related bank. The analysis was Moderated Regression Analysis (MRA).The results of this study indicate that the liquidity and margins with a significant and positive direction results on transactions Musharaka financing, the interest rates JIBOR moderated with a negative but not significant relationship between the liquidity on transactions Musharaka financing, the interest rates JIBOR moderated with a positive and significant relationship between the margins on transactions Musharaka financing.
Analisis Efisiensi Bank Persero dan Bank Asing dengan Metode Stochastic Frontier Analysis (SFA) dan Analysis Of Variance (ANOVA) (Studi Kasus pada Bank Persero dan Bank Asing di Indonesia periode tahun 2010-2014) Putri, Asti Mardiana; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The dominant role of banks in Indonesia makes bank should have a healthy financial performance. A way to maintain good financial performance by analyzing the level of efficiency so it can be seen how banks are efficient, healthy and able to survive in any economic conditions.            The purpose of this research is to analyze the efficiency level of state-owned banks and foreign banks in Indonesia in period between 2010-2014 based on three approaches; operational approach, intermediation approach and asset approach. The analytical method used are Stochastic Frontier Analysis (SFA) using production function and Analysis Of Variance (ANOVA). SFA method used to measure efficiency level and the result appears in numeric score 0-1 form. The closer the result with score 1 so the banks getting closer with the perfect efficiency level. One Way ANOVA is used to find out the difference of  state-owned bank and foreign bank efficiency level in every approaches.            This research shows the results that efficiency level of state-owned banks and foreign banks in Indonesia is increasing in every period between 2010-2014 using operational approach, intermediation approach and asset approach. At operational approach, the average efficiency on state-owned banks are 0,97677198 and foreign banks are 0,78301436.  At intermediation approach, the average efficiency on state-owned banks are 0,98241996 and foreign banks are 0,42062963.  At asset approach, the average efficiency on state-owned banks are 0,322442 and foreign banks are 0,22159316. The results of hypothesis testing shows that there is significance difference in efficiency level  of atate-owned banks and foreign banks based on operational approach, intermediation approach and asset approach. Both state-owned banks and foreign banks have to increase the efficiency level on asset approach because it has the lowest values.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi pada Bank Umum Go Public yang terdaftar di Bursa Efek Indonesia Tahun 2012 – 2016) Asriyani, Rahma; Mawardi, Wisnu
Diponegoro Journal of Management Volume 7, Nomor 3, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to analyze the factors that effects firm’s value with profitability as the intervening variable on Go Public commercial bank listed on the Indonesian Stock Exchange (IDX) in the 2012-2016 period. Price Book Value (PBV) is the dependent variable in this study. There are four independent variables used, they are Based Lending Rate (BLR), Non-Performing Loan (NPL), Loan to Deposit Ratio (LDR), Operational Expense to Operational Income (BOPO), and Return on Asset (ROA) as the intervening variable.The population used in this study consisted of go public commercial banks listed on IDX in the 2012-2016 period, bringing the total population is consist of 31 companies. The total samples are 19 companies. The data analysis methods which are used is path analysis which are the development of linear regression analysis and used the Sobel Test to analyze the mediation effect of the intervening variable.The result of this study shows that BLR, NPL, LDR has insignificant effect to ROA, BOPO has significant negative effect to ROA. BLR, LDR, ROA has significant effect to PBV. NPL and BOPO has insignificant effect to PBV. ROA can’t mediate the effect of BLR, NPL, LDR, and BOPO to PBV.
ANALISIS PENGARUH TRADING VOLUME, MARKET VALUE, BIDASK SPREAD, TURNOVER DAN BOOK TO MARKET TERHADAP SPEED OF STOCK PRICE ADJUSTMENT (Studi Empirisi pada Perusahaan yang Terdaftar di Index LQ 45 Tahun 2013-2017) Hadi, Naufal; Mawardi, Wisnu
Diponegoro Journal of Management Volume 8, Nomor 1, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The aim of this study was conducted to test whether trading volume, market value, bid-ask spread, turnover and book to market of having an influence on the speed of adjustment in stock prices. The population in this study were 45 companies listed on the Indonesian Stock Exchange (BEI) in the year 2031 to 2017. The sampling technique in this research is purposive sampling method with criteria: 1) the company has been listed on the Stock Exchange as of 1 January 2013 until December 31, 2017, 2) the company's data did not have time to 'sleep' more than 15 days. Data obtained from the data which is provided by bloomberg. Multiple regression technique are chosen for this research statistic analysis. The results showed that the model was feasible based on the classical assumption. Technique of multiple linear regression analysis indicating that all independent variables have a significant influence on the dependent variable with a confidence level of 5 percent, except for the variable bid – ask spread and book to market that does not qualify as a variable that significantly influence the speed of stock price adjustments due to have a significance value above 5 percent.
ANALISIS PENGARUH STOCK SELECTION SKILL, MARKET TIMING ABILITY, TOTAL ASSET, DAN EXSPENSE RATIO TERHADAP KINERJA REKSA DANA SYARI’AH DI INDONESIA PERIODE 2013-2016 Fitri Andriani, Lia; Mawardi, Wisnu
Diponegoro Journal of Management Volume 7, Nomor 4, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Mutual funds are one of the alternative choices for investment for the community, especially for people who have small capital, people do not have time to take care of their investments or people who do not have expertise in account the risks faced on their investment. Shari'a Mutual funds are mutual funds operates according to the provisions and principles of the Islamic Shari'a.  This research conducted to examine the relationship between the performance of mutual fund with Sharpe’s measurement to the affecting variables, such as stock selection skill, market timing ability, total asset, and expense ratio.  The data used in this research are monthly data on SBI, JII, shari’a mutual fund return, risk free, andNet Asset Value (NAV) of 21 sampe of mutual funds Shari’a for 2013-2016.  The reasearch shows that total asset, and expense ratio have positive and insignificant effect on Shari’a mutual fund performance.  Stock selection skill and market timing ability have a positive and significant effect on Shari’a mutual fund performance.  Simultaneous testing shows stock selection skill, market timing ability, total asset, and expense ratio have a significant positive impact to the performance of equity mutual fund Shari’a.
PENGARUH FEE BASED INCOME, COST INEFFICIENCY, CAR, LDR, DAN FIRM SIZE TERHADAP RISIKO KEBANGKRUTAN (Studi pada Bank Umum Konvensional di Indonesia yang Terdaftar di BEI Periode 2014-2018) Sari, Dwi Kamilah; Mawardi, Wisnu
Diponegoro Journal of Management Volume 9, Nomer 1, Tahun 2020
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The existence of a gap phenomenon in the banking financial ratios that experiencedfluctuations during the 2014-2018 period and the existence of a research gap based onprevious research that still shows inconsistencies in results, and differences in samplingyears form the basis of research on the factors affecting bankruptcy risk. The aims of the study was to determined the effect of fee-based income, costinefficiency, CAR, LDR, and firm size on the bankruptcy risk of Conventional CommercialBanks listed on the IDX. The bankruptcy risk is measured by the Altman Z’-Scorecalculation method. The sample used is conventional commercial banks listed in the Indonesia StockExchange (IDX) during the 2014-2018 period, with a total sample of 35 banks through apurposive sampling method. This study uses multiple linear regression analysis with theIBM SPSS Statistics version 23 program. Before going through the hypothesis testingstage, all data in this study have been declared free from the classical assumption test. The result of this study indicates that the fee-based income, CAR, and LDR variablehas a significant negative effect on the bankruptcy risk variable, the cost inefficiencyvariable has a significant positive effect on the bankruptcy risk variable. Furthermore,both the firm size variable do not effect the bankruptcy risk variable. For the adjusted Rsquare value in this study, the number appears 0.441, which means that the independentvariables in this study can explain the variation of the dependent variable by 44.1%, andthe rest variation is explained by other variables outside the independent variables of thisstudy.
PENGARUH PENERAPAN PRICE LIMIT DAN TRADING HALT TERHADAP VOLATILITAS RETURN DAN PEMBENTUKAN HARGA DI BURSA EFEK INDONESIA TAHUN 2020 Rizky Utami, Anindya; Mawardi, Wisnu
Diponegoro Journal of Management Volume 10, Nomor 2, Tahun 2021
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this study is to examine the effect of two trading mechanisms on the Indonesia Stock Exchange, namely price limit and trading halt on return volatility and price discovery during the Covid-19 Pandemic in 2020. Return volatility is measured using the daily returns-squarer Meanwhile, the price discovery measured by price behavior and return behavior. This study uses secondary data from daily historical stock prices on the Indonesia Stock Exchange for the period 2020. Based on the purposive sampling method, this study acquired 48 stock samples. The results show that the price limit has a negative effect on return volatility. The trading halt has a positive effect on return volatility. Meanwhile, price limit and trading halt have a negative effect on the price formation process. The results of this study also show that halt trading performance is more effective than price limit in terms of its ability to reduce stock return volatility
Determinants of the Stock Price Volatility in the Indonesian Manufacturing Sector Handayani, Heny; Muharam, Harjum; Mawardi, Wisnu; Robiyanto, Robiyanto
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 11, No 3 (2018): December 2018 - March 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

PENGARUH BOPO, NPL DAN LDR TERHADAP RETURN ON ASSET DENGAN NET INTEREST MARGIN SEBAGAI VARIABEL INTERVENING (Studi pada Bank Umum Go Public yang Terdaftar di BEI Periode 2015- 2019) Farhanditya, Ferdiansyah Djody; Mawardi, Wisnu
Diponegoro Journal of Management Volume 10, Nomor 3, Tahun 2021
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

BSTRACT In this research study, the objective of this research is to examine the effect of Operational Cost of Operating Income (BOPO), Non Performing Loan (NPL), Loan to Deposit Ratio (LDR) to Return on Assets and Net Interest Margin (NIM) as intervening variables. The population used in this study are conventional commercial banks in Indonesia that have been listed on the Indonesia Stock Exchange (IDX) for the period 2015-2019. The data used in this study are secondary data with a total sample of 26 banks, where the sampling uses purposive sampling method.. The analysis technique used in this study is multiple linear regression and path analysis. The results of this study found that BOPO had a significant negative effect on NIM, NPL had a positive but insignificant effect on NIM, while LDR had a negative but not significant effect on NIM. BOPO has a negative and significant effect on ROA. NPL has a negative but not significant effect on ROA. LDR has a positive but not significant effect on ROA. NIM has a positive and significant effect on ROA. Furthermore, NIM is not proven in mediating BOPO and NPL against ROA. However, NIM is proven to mediate LDR against ROA
The Influence of Overconfidence, Herding Behavior, and Risk Tolerance on Stock Investment Decisions: The Empirical Study of Millennial Investors in Semarang City Dea Adielyani; Wisnu Mawardi
Jurnal Maksipreneur Vol 10, No 1 (2020)
Publisher : Universitas Proklamasi 45 Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v10i1.691

Abstract

The objective of this research is to examine the effect of overconfidence, herding behavior, and risk tolerance to the stock investment decisions. The hypotheses are overconfidence, herding behavior, and risk tolerance have a positive and significant effect on investment decisions. This study is quantitative research, with the population is millennial investors in Semarang City, Central Java, Indonesia. The research used 98 respondents was taken using purposive sampling. The data collected through questionnaires with Google form. The method of data analyze used multiple linier regressions with the application of Statistical Package for the Social Sciences (SPSS) version 22. The results showed that the overconfidence, herding behavior, and risk tolerance provided a positive and significant effect on stock investment decisions of millennial investors in Semarang City.
Co-Authors Adistya, Renna Anisqe Adita Ardiansyah, Rizki Arief Rachman Arindra Karunia Rahmadhani, Arindra Karunia Asriyani, Rahma Asti Mardiana Putri, Asti Mardiana Astuti, Fitria Yuni Asyazilal, Abieta Cahyana, Muhammad Aziz Catur Karyanto Pilih Chotrianda, Nadhia Fortuna Dea Adielyani Diah Meani R.M.D Dinda Ayu Septiana Doni Setiawan Dul Muid Eliezer Yudha Nattan Fahmi Hasan, Fahmi Farhanditya, Ferdiansyah Djody Farich Novrina Sandy Fitri Andriani, Lia Foza Hadyu Hasanatina, Foza Hadyu Fuad Mas’ud Glady Precillia Arindi, Glady Precillia Hadi, Naufal Handayani, Heny Harjum Muharam Harris, Rizky Muhammad Hashifah Nabilah Hashifah Nabilah, Hashifah Hendra Fitrianto Hendratno, Roberto Heny Handayani Iffada, Berliana Iga Bagus Jaya Wardhana, Iga Bagus Jaya Indra Kurnia Irene Rini Demi Pangestuti Kurniawan, Noval Kusuma, Difa Putra Makusara, Kumaralalita Mansur Mansur Miyasto Miyasto Mochammad Ardani Muhajir, Atok Muhammad Aziz Cahyana Muhammad Azmi Fauzan, Muhammad Azmi Nugroho, Leonardus Jayadi Pangestika, Devi Wahyu Pradhipta, Rama Dwika Prasetyo, Ivan Pratama, Anaszaki Purbayu Budi Santosa Putra, Ardhilo Putranto, Andre Novia Rachmawati, Windasari Rahmitha, Sasya Ramadhan, Aryasatia Rayhan, Raditya Valeri Aurelia Retno Hidayati Reza Surya Akdiwidjaya Riza, Mukaffi Rizky Utami, Anindya Rizqi Amalia Yasinta Putri Robiyanto Robiyanto Robiyanto, Robiyanto Robiyanto, Robiyanto Ryan Havidhian Putra Sari, Dwi Kamilah Sasya Rahmitha Setiyawati, Lia SUGENG WAHYUDI Sugeng Wahyudi, Sugeng Susilowati, Titi Indah Syafa’ati, Fiskia Tarigan, Edi Suranta Thoriq, Ezar Aufa Tiari Aprisilya, Tiari Vidianto, Muhammad Afiq Wafdayanti, Haasya Widiastuti, Cahyaning Ajeng Yurivin, Nerissa Zakiah Zakiah