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Journal : Maliki Islamic Economics Journal

Financial Risk and Capital Structure: Does it Contribute to Increasing the Company Value of Islamic Banking? Satrio Fajar Putra; Ulfi Kartika Oktaviana
Maliki Islamic Economics Journal Vol 2, No 1 (2022): Maliki Islamic Economics Journal
Publisher : Faculty of Economics UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (208.898 KB) | DOI: 10.18860/miec.v2i1.16586

Abstract

This study aimed to determine the effect of financial risk and capital structure on the company value of Islamic commercial banks in 2016-2020. This research uses a quantitative method with a descriptive statistical approach. This research used panel data with analysis tools in panel data regression by Eviews. The sample in this study amounted to 11 Islamic commercial banks with a purposive sampling technique. Purposive sampling aims to obtain samples with specific criteria and follow the research objectives. The results of this study indicate that partially financial risk (NPF) and capital structure (DER) have no effect on company value, and financial risk (FDR) harms company value. Meanwhile, financial risk and capital structure simultaneously affect company value.
Financial Risk and Capital Structure: Does it Contribute to Increasing the Company Value of Islamic Banking? Putra, Satrio Fajar; Oktaviana, Ulfi Kartika
Maliki Islamic Economics Journal Vol 2, No 1 (2022): Maliki Islamic Economics Journal
Publisher : Faculty of Economics UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/miec.v2i1.16586

Abstract

This study aimed to determine the effect of financial risk and capital structure on the company value of Islamic commercial banks in 2016-2020. This research uses a quantitative method with a descriptive statistical approach. This research used panel data with analysis tools in panel data regression by Eviews. The sample in this study amounted to 11 Islamic commercial banks with a purposive sampling technique. Purposive sampling aims to obtain samples with specific criteria and follow the research objectives. The results of this study indicate that partially financial risk (NPF) and capital structure (DER) have no effect on company value, and financial risk (FDR) harms company value. Meanwhile, financial risk and capital structure simultaneously affect company value.
The Pulse of Value: Early Warning Systems and Financial Health as Crucial Determinants for Sharia Insurance Firms Atoillah, M; Oktaviana, Ulfi Kartika; Hasibuan, Razali Ade Syahputra
Maliki Islamic Economics Journal Vol 5, No 2 (2025): Maliki Islamic Economics Journal
Publisher : Faculty of Economics UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/miec.v5i2.37856

Abstract

This study aims to examine the effect of the Early Warning System (EWS), solvency, and profitability on the value of Islamic insurance companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. This study employs an associative quantitative method within a positivistic paradigm, using panel data from six companies, totalling 120 observations. The analysis was conducted using the Fixed-Effects Model (FEM) in EViews 12. The results show that liquidity, claim expenses, Risk-Based Capital (RBC), and Return on Assets (ROA) have a significant effect on company value, whereas changes in surplus do not. The simultaneous test (F-test) indicates that all variables collectively affect company value, with an Adjusted R² of 0.517. This study highlights that implementing an effective EWS is a strategic, prudential tool for improving transparency, risk management, and sharia-compliant financial sustainability.