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Murtini Ak M.Si SE
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FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBIAYAAN MURABAHAH DAN MUSYARAKAH PADA PUSAT KOPERASI JASA KEUANGAN SYARIAH BAITUT TAMWIL MUHAMMADIYAH JAWA TENGAH 2008 – 2011 SE, M.Si, Ak, Murtini; SE., M.Si, Dewi Purnasari; SE, Burhanudin
Majalah Neraca Vol 7, No 1 (2011): Majalah Neraca
Publisher : STIE Muhammadiyah Pekalonga

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Penelitian ini mengkaji tentang faktor-faktor yang berpengaruh terhadap pembiayaan murabahah dan musyarakah pada Koperasi Jasa Keuangan Syariah Baitut Tamwil Muhammadiyah (KJKS BTM) Jawa Tengah. Sedangkan fokus penelitiannya adalah pada sepuluh anggota koperasi primer atau jaringan Koperasi Jasa Keuangan Syariah Baitut Tamwil Muhammadiyah (KJKS BTM) Jawa Tengah yang berada di wilayah Kabupaten Pemalang, Kabupaten Pekalongan, Kabupaten Batang dan Kabupaten Banjarnegara. Dengan menggunakan alat analisis regresi berganda, diperoleh hasil bahwa secara parsial maupun simultan margin murabahah, non performing financing, dan bunga kredit mempunyai pengaruh yang signifikan terhadap pembiayaan murabahah. Secara parsial maupun simultan pembiayaan murabahah, non performing financing, dan tingkat bagi hasil mempunyai pengaruh yang signifikan terhadap pembiayaan musyarakah. Kata kunci : Murabahah dan Musyarakah
PENGARUH CAPITAL ADEQUACY RATIO, RETURN ON ASSET, LOAN TO DEPOSIT RATIO, NON PERFORMING LOAN, DAN NET PROFIT MARGIN TERHADAP PERUBAHAN LABA (Perusahaan Perbankan yang Terdaftar di BEI periode 2007 – 2010) SE, M.Si, Ak, Murtini; Gayatri, Serli
Majalah Neraca Vol 7, No 1 (2011): Majalah Neraca
Publisher : STIE Muhammadiyah Pekalonga

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This research has a purpose to provide empiris about factors that affect to earning changes. The examined factors in this research are Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Return On Asset (ROA), Non Performing Loan (NPL), and Net Profit Margin (NPM).Methodology this research as the sample used proposive sampling with criteria as (1) banking companies which listed at JSX who provide financial report year ending 31st December during the observation period 2007 – 2010, well available at ICMD and annual report. (2) Companies must be listed at beginning period of the observation and not delisting until the end of observation. (3) during the period of observation, banking companies does not a merger and acuisition. (4) the banking companies have a positive earning during period of the observation. technic analysis with multi linier regression and hypothesis test used partial t-test and simultan F-test at level of significance 5 percent and adjusted R square.From the result of analyze show that as a partial CAR, LDR, ROA, and NPL have an influence to earning changes of banking companies which listed in JSX during period 2007 – 2010 at level of significance less than 5 percent. And F-test show that five independent variable CAR, LDR, ROA, NPL, and NPM have a influence to earning changes at level of significance less than 5 percent. Predictable of the five variables to earning changes is 27 percent which indicated by the value or adjusted R square 27 percent, and left over it 73 percent is affected by other factors are not included in this research.Key words : Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Return On Asset (ROA), Non Performing Loan (NPL), Net Profit Margin (NPM), and Earning Changes.
ANALISIS PERBEDAAN VOLUME PERDAGANGAN, HARGA SAHAM DAN ABNORMAL RETURN SAHAM SEBELUM DAN SESUDAH STOCK SPLIT DI BURSA EFEK INDONESIA PERIODE (2004-2008) SE, M.Si, Ak, Murtini; SE., M.Si, Dewi Purnasari; Tri, Nila
Majalah Neraca Vol 7, No 2 (2011): Majalah Neraca
Publisher : STIE Muhammadiyah Pekalonga

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Stock split is one kind of corporate action implemented by companies in order to rearrange stock price to be a more liquid rangel and provide more positive signal to investor. The purpose of this research is to analyze the differences of trading volume activity, stock price and abnormal return, so that investors could use this event to gain benefit.This research uses secondary data that collected from Indonesian Capital Market Directory ( ICMD ) 2004 up to 2008, IDX Statistics 2008 and www.idx.co.id. The data used in research were taken from : announcement date of stock split applied as event date ( t 0 ), daily closing price, indeks daily closing of the companies applying stock split within observation period ( IHSG ), the amount of daily traded share and the amount of listed share. There are 49 for this research. They are stocks of the companies which implemented stock split policy within 2004 up to 2008 and which have been listed in BEI. Results of the study show that there are no significant difference of  trading volume activity. There are significant differences of stock price, and abnormal return before and after stock split event.Keyword : stock split, trading volume activity, stock price, abnormal return
PENGARUH UANG YANG BEREDAR (M2), KURS, INFLASI DAN TINGKAT IMBALAN SBIS TERHADAP BETA SAHAM SYARIAH (JAKARTA ISLAMIC INDEX) DAN INDEKS HARGA SAHAM GABUNGAN (IHSG) SE, M.Si, Ak, Murtini; SE, M.Si, Ak, Rini Hidayah; Barotuttaqiyah,SE, Mardela Nurul
Majalah Neraca Vol 11, No 1 (2015): Majalah Neraca
Publisher : STIE Muhammadiyah Pekalonga

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The purpose of this research is to know and to analyze the impact of revolving money (M2), exchange rate, inflation and SBIS return  level on the beta of syariah stock and Jakarta composite index. The technique that is used to take samples is purposive sampling with criteria of companies that is constantly listed in JIC since 2009 – 2013. The analysis in this research is using secondary data that is classified in time series data and naturally quantitative. The analyzing tool that is used in this research is path analysis, which the analysis result is done after model filling the condition of normality test, outlier data, multiocolinierity and singularity. This research is using path analysis method, with using goodness fit test which is every single variable using 1% significance level. The result of the research shows that revolving money variable (M2), exchange rate and  inflation have significant impact on SBIS return level. Revolving money variable (M2) and SBIS return level don’t have significant impact on beta of syariah stock (JII). Inflation variable and SBIS return level have significant impact on Jakarta composite index, while beta of syariah stock variable doesn’t have significant impact on Jakarta composite index. Key words : Jakarta composite index, beta of syariah stock, SBIS return level, revolving money, exchange rate, inflation.