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Pengembangan Produk Funding KSPPS BMT Amanah Ummah Jawa Timur Indi Masita Lisdawami; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 4 No. 11 (2017): November-2017
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (230.316 KB) | DOI: 10.20473/vol4iss201711pp889-901

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BMT must be able to compete with financial institutions, so that BMT must have an appropriate strategy in its operational, including product development strategy. This research aims to find out how funding product development strategy works on KSPPS BMT Amanah Ummah West Java. This research uses qualitative approach with a case study. And it also uses sharia finance product development strategy that is according to Suwailem.Suwailem has three main strategies, which are Imitation, Mutation, and Satisfaction. The data collection technique uses interview to informants in KSPPS BMT Amanah Ummah.The result shows, KSPPS BMT Amanah Ummah has 11 types of deposit products. The first strategy is Imitation Strategy that has transferred conventional product to sharia product. After that, the products development more use mutation strategy. Mutation strategy is a strategy that develops new product by knowing existing product at sharia financial instituion, then it is modified to social needs.
Kinerja Portofolio Optimal Pada Saham Syariah Mutmainah Mutmainah; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 4 No. 12 (2017): Desember-2017
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (498.412 KB) | DOI: 10.20473/vol4iss201712pp994-1008

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This study wants to describe whether an optimal portfolio which was formed in 2013-2015 it was good in 2016 compared to the performance of Jakarta Islamic Index and described as it is. The formation of the portfolio using single index model and the performance is measured by using the Sharpe index. This research is quantitative descriptive research. This research uses secondary data, carried out on the stock consistently at the Jakarta Islamic Index in January 2013-July 2016. Based on data, there were 18 shares actively and four stocks forming optimal portfolio composed of AKRA, TLKM, ICBP, and UNVR. Optimal portfolio performance in 2016 was 0,720 while the performance of the market was 0,676. With the results showed that it formed a good portfolio because the result was higher than the market. So investors or investment managers can make this portfolio as investment considerations.
Tingkat Bagi Hasil Deposito Melalui Variabel Intervening Dana Pihak Ketiga Terhadap Pembiayaan Mudharabah Bank Syariah Setiyo Aji; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 5 (2019): Mei-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20195pp957-967

Abstract

This study aims to determine the effect of profit sharing rates on deposits to third party funds and financing mudharabah sharia banks partially or simultaneously. The approach used is a quantitative approach by using the pathway analysis technique with three variables, namely the profit-sharing rate of deposits as ecogenous variable. Population in this study is the sharia bank industry registered in the statistics of Islamic banking published by the website of the Bank Indonesia. The sample used in this study as many as 60 samples with data from January 2012 until December 2016. Data collection is done by collecting financial statements of the sharia bank industry monthly period 2012-2016.Keywords: Sharia banks, profit-sharing rates, third party funds, mudharabah financingREFFERENCESAntonio, M. S. (2001). Bank Syariah: Dari teori Ke Praktik . Jakarta: Gema Insani Press.Anjani, R., & Hasmarani, M. I. (2016). Pengaruh Pembiayaan Mudharabah, Musyarakah Dan Murabahah Terhadap Profitabilitas BPRS Di Indonesia Periode 2012-2015.Syariah Paper Accounting FEB UMS.Arifin, Z. (2009). Dasar-dasar Manajemen Bank Syariah. Tangerang: Azkia Publisher.Arnan dan Kurniawasih. (2014). Pengaruh Jumlah Dana Pihak Ketiga dan Tingkat Non-Performing Financing Terhadap Pembiayaan Mudharabah pada Bank Umum Syariah di Indonesia.Proceedings SNEB 2014: 2.Aswad. (2014). Analisis Bagi Hasil Financing dalam Perbankan Syariah. Vol. 1, No. 1, Oktober 2014.Bahri. (2015). Model Penelitian Kuantitatif Berbasis SEM-Amos. Yogyakarta: DeepublishBarus, A. C., & Sulistyo, D, (2011), Hubungan Efisiensi Operasional Dengan Kinerja Profitabilitas Pada Sektor Perbankan Yang Go Public Di Bursa Efek Indonesia.Jurnal Wira Ekonomi Mikroskil, Vol. 1, No. 02, hal 89-97.Chair, W. 2014.Riba Dalam Perspektif Islam.Iqtishadia Vol. 1 No. 1Daniar. 2015. Asuransi Perspektif Al-Qur’an. Islamic Economic JournalVol. 1, No. 2 ISSN 2460-1896Fadhila, N. (2015). Analisis Pembiayaan Mudharabah Dan Murabahah Terhadap Laba Bank Syariah Mandiri.Jurnal Riset Akuntansi Dan Bisnis, Vol. 15, No. 1.Fahrul, F., Arfan, M., & Darwanis. (2012). Pengaruh Tingkat Risiko Pembiayaan Musyarakah Dan Pembiayaan Murabahah Terhadap Tingkat Profitabilitas Bank Syariah (Studi Pada Bank Aceh Syariah Cabang Banda Aceh). Jurnal Akuntansi Pascasarjana Universitas Syiah Kuala, Vol. 2, No. 1.Ferdiansyah. (2015). Pengaruh Rate Bagi Hasil Dan BI Rate Terhadap Dana Pihak Ketiga Perbankan Syariah (Studi Pada Bank Pembiayaan Rakyat Syariah Yang Terdaftar Di Bank Indonesia).JOM Fekon, Vol. 2, No. 1.Gani, I., & Amalia, S. 2015.Alat Analisis Data: Aplikasi Statistik untuk Penelituan Bidang Ekonomi dan Sosial. Yogyakarta: Andi.Ghazali, I. 2011. Model Persamaan Struktural Konsep dan Aplikasi dengan Program Amos 19,0. Semarang: UndipGustina, 2011. Islamic Banking System: Studi Analisis Perkembangan Perbankan Syariah Di Indonesia.Jurnal Akuntansi & Manajemen Vol 6 No.1 ISSN 1858-3687Hadad, M. D. 2017. Laporan Perkembangan Keuangan Syariah 2016. OJK (Otoritas jasa keuangan)
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS BANK UMUM SYARIAH DI INDONESIA Dian Anggraini; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 8 (2019): Agustus-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20198pp1607-1619

Abstract

The purpose of this study is to analyze the factors that affect the profitability of Sharia Commercial Bank in Indonesia. The sampling technique used is saturated sampling, so the population and sample is the Sharia Commercial Bank periode October 2014-March 2018 which amounted to 42 months. This study uses a quantitative approach with multiple linear regression analysis technique.The result showed that with 95% confidence level partially variable Financing to Deposit Ratio have significant effect to profitability, while variable Natural Uncertainty Contract Financing, Non Performing Financing, and Equity have no significant effect on profitability of Sharia Commercial Bank in Indonesia. Nevertheless, Natural Uncertainty Contract Financing, Non Performing Financing, Financing to Deposit Ratio and Equity simultaneously have significant effect to the profitability of Sharia Commercial Bank in Indonesia. With the coefficient of determination of 33,2%.Keywords: Natural Uncertainty Contract, Non Performing Financing, Financing to Deposit Ratio, EquityREFFERENCESDepartemen Agama RI.2009. Al-Qur’an dan Terjemahnya hal 546. Bandung: PT Sygma Examedia ArkanleemaHidayah, Liza Nur. 2013. Pengaruh Pembiayaan Natural Uncertainty Contract (NUC) dan Natural Certainty Contract (NCC) Terhadap Profitabilitas Bank Umum Syariah Periode 2008-2012. Skripsi. Malang: Universitas Islam Negeri Maulana Malik Ibrahim.Ikatan Akuntan Indonesia. 2007. Standar Akuntansi Keuangan. Jakarta: Salemba Empat.Kasmir, 2013. Bank dan Lembaga Keuangan Lainnya. Jakarta: PT Raja Grafindo PersadaKurnia, Indra.2012. Analisis Pengaruh BOPO, Equity to Total Assets Ratio, Loan to Assets Ratio, dan Firm Size Terhadap Kinerja Keuangan. Semarang. Universitas Dipone-goroOtoritas Jasa Keuangan. 2017. Laporan Perkembangan Keuangan Syariah. Jakarta: Otoritas Jasa Keuangan. Hlm. 19. 2018. Statistik Perbankan Syariah Tahun 2018. Jakarta: Otoritas Jasa Keuangan. 2017. Statistik Perbankan Syariah Tahun 2017. Jakarta: Otoritas Jasa Keuangan. 2016. Statistik Perbankan Syariah Tahun 2018. Jakarta: Otoritas Jasa Keuangan. 2015. Statistik Perbankan Syariah Tahun 2018. Jakarta: Otoritas Jasa Keuangan. 2014. Statistik Perbankan Syariah Tahun 2018. Jakarta: Otoritas Jasa KeuanganSuryani. 2011. Analisis Pengaruh Financing To Deposit Ratio Terhadap Profitabilitas Perbankan Syariah Di Indonesia. Jurnal Walisongo STAIN Malikus Saleh Lhokseumawe. vol. 19. No. 1 : 48-49.Sutrisno. 2016. The Effects of Financing and Risks on the Performance of Islamic Bank: Empirical evidence from Indonesian Islamic Bank. Business and Management Research Journal Vol. 6 (3): 29-36Taufik, Hidayat. 2011. Buku Pintar Investasi Syariah. Jakarta: Mediakita.Wulandari, Retno. 2017. Pengaruh Capital Adequacy Ratio, Financing to Deposit Ratio, Non Performing Financing, dan Pertumbuhan Dana Pihak Ketiga Terhadap Rteurn On Assets Pada BPRS di Indonesia Periode 2011-2015. Skripsi tidak diterbitkan. Surabaya: Fakultas Ekonomi dan Bisnis Universitas Airlangga.Wasiuzzaman, Shaista dan Hanimas Ayu Bt. Ahmad Tarmizi. 2010. Profitability of Islamic Banks in Malaysia An Empirical Analysis. Journal of Islamic Economics, Banking and Finance, Vol. 6 (4):64
FAKTOR DETERMINAN PENYEBAB NON PERFORMING FINANCING PADA BANK PEMBIAYAAN RAKYAT SYARIAH DI INDONESIA PERIODE 2008-2015 Fary Adisetya Putra; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 4 (2018): April-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.267 KB) | DOI: 10.20473/vol5iss20184pp336-351

Abstract

The goal of this research is to determine the factors that caused the problematicfunding of Bank Pembiayaan Rakyat Syariah in Indonesia during the period of 2008-2015. The method of research used is the quantitative approach. The sample of the research is Bank Pembiayaan Rakyat Syariah which is taken every three months for each variable during the period of 2008-2015. The analysis technique used is multiple regression analysis and the result is Y = 5,076 – 0,743PDB + 0,018FDR + 0,047BOPO + 0,040Inflation + 0,024AverageFunding, with R2 registration 0,749 or 74,9%.The result of the partial test shows that economic growth has a significant effect. The result of the simultaneous test shows that the five variables have significant effects in the problematic funding of Bank Pembiayaan Rakyat Syariah in Indonesia.  REFERENCESAndarini, Marisa Ayu. 2015. Pengaruh Transmisi Moneter Syariah: Sertifikat Bank Indonesia Syariah dan Pasar Uang Antar Bank Syariah terhadap Operasi Moneter Syariah Dalam Mempengaruhi Inflasi di Indonesia Pada Periode 2011-2015. Skripsi diterbitkan. Fakultas Ekonomi dan Bisnis Unoversitas Airlangga Surabaya.Ascarya. 2012. Transmission Channel and Effectiveness of Dual Monetary Policy in Indonesia. Buletin Ekonomi Moneter dan Perbankan, Vol. 14, No. 3.Baasir, F. 2003. Pembangunan dan Krisis. Jakarta : Pustaka Harapan.Bank Indonesia. 2003. Himpunan Fatwa Dewan Syariah Nasional. Kerjasama Dewan Syariah Nasional, Majelis Ulama Indonesia dan Bank Indonesia.Bofinger, P. 2001. Monetary Policy: Goals, Institutions, Strategies, and Instruments. Oxford University Press.Chapra, M. Umer: 1985, Towards a Just Monetary System. Leicester,UK: The Islamic Fondation.Enders, W. 1995. Applied Econometric Time Series. New York: John Wiley and Sons, Inc.Harris, Richard. 1995. Using Cointegration Analysis in Econometrics Modelling. London: Prentice Hall.McEarchern, William A. 2000. Ekonomi Makro, Jakarta : Salemba EmpatPratiwi, Ardianing. 2013. Determinan Inflasi di Indonesia : Analisa Jangka Panjang dan Pendek. Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Brawijaya Malang.Rahardja, Pratama dan Mandala Manurung. 2001.Teori Ekonomi Makro: Suatu Pengantar. Lembaga Penerbit Fakultas Ekonomi UI. JakartaSamuelson,Paul A. dan William D. Nordhaus. 2004. Ilmu Makro Ekonomi. Terjemahan, Jakarta: Media Global Edukasi.Siddiqui, Shamin Ahmad. 2008. An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic System. Paper 7th International Conference on Islamic Economics: 30 Years of Research in Islamic Economics, Jeddah: KAAU-IRTI, April.Sugiyono, 2011. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.Taylor,J.B. 1995. The Monetary Transmission Mechanism : An Empirical Framework. Journal of Economic Perspective, 9.Warjiyo, Perry. 2004. Mekanisme Transmisi Kebijakan Moneter di Indonesia. Buku Seri Kebanksentralan No.11. Pusat Pendidikan dan Studi Kebanksentralan, Bank Indonesia, Jakarta.Warjiyo, P dan J. Agung. 2002. Transmission Mechanism of Monetary Policy in Indonesia. Directorate of Economic Research and Monetary Policy. Bank Indonesia, Jakarta.Warjiyo, P, dan Solikin. 2003. Kebijakan moneter di Indonesia. PSSK BI. JakartaWidarjono, Agus.2007. Ekonometrika Teori dan Aplikasi. Ekonisia. Yogyakarta.http://bi.go.id (diakses 9 Agustus 2016)http://ekonomi.kabo.biz/2011/01/jumlah-uang-beredar-m2.html?m=1(diakses 14 November 2016)
PENGARUH PENERBITAN SUKUK TERHADAP RETURN ON ASSETS EMITEN DI BURSA EFEK INDONESIA Fathaniadina Fakhrana; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 5 (2018): Mei-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (464.02 KB) | DOI: 10.20473/vol5iss20185pp408-422

Abstract

This study aims to determine the issuance effect of sukuk on the financialperformance issuer in Indonesia Stock Exchange during 2011 to 2015. The independen variable that used is Sukuk to Equity Ratio and Sukuk to Liability Ratio. The dependen variable is Return on Assets. The analysis technique that used is panel data regression with Econometric Views (EViews) 8.0 as statistical analysis software. The samples are 10 sukuk issuers in Bursa Efek Indonesia. The results of this study showed that Sukuk to Equity Ratio and Sukuk to Liability Ratio there was a possitive and significant effect to Return on Assets REFERENCESAchsien, Iggi H. 2000. Investasi Syariah di Pasar Modal. Jakarta: Gramedia Pustaka Utama.Akbarullah, H. Muhammad. 2011. Dampak Penerbitan Sukuk Terhadap Kinerja Bank Syariah (Studi Kasus Pada PT Bank Syariah Mandiri). Tesis Universitas Indonesia.Al Quran dan Terjemahan.Anshori, Muslich dan Sri Iswati. 2009. Metode Penelitian Kuantitatif. Surabaya: Pusat Penerbitan dan Percetakan UNAIR.Baynuny, F. Ahmad. 2013. Pengaruh Sukuk Terhadap Profitabilitas dan Nilai Perusahaan Emiten (Studi Kasus 2007-2011). Skripsi Universitas Islam Negeri Sunan Kalijaga Jogjakarta.Brealley, A. Richard and Myers, S.C. 2000. Principles of Corporate Finance. Internasional Edition. Mc Grow Hill.Brigham, F. Eugene and Ehrhardt, C. Michael. 2001. Financial Management. Tenth Edition. Harcourt.Brigham, F. Eugene and Joel F. Housten. 2004. Dasar-Dasar Manajemen Keuangan. Terjemahan oleh Ali Akbar Yulianto. Jakarta: Salemba Empat.Copeland,TE, and JF Weston. 1994. Financial Theory and Corporate Policy. 3th edition. New York: Pearson Addison Wesley.Darsono dan Ratri Dian H. 2012. Pengaruh Karakteristik Perusahaan Terhadap Struktur Modal Perusahaan Manufaktur yang Terdaftar pada Bursa Efek Indonesia. Volume1, No.1. Diponegoro Journal of Accounting.Fatwa Dewan Syariah Nasional No.7/DSN-MUI/IV/2000 Tentang Pembiayaan Mudharabah.Fatwa Dewan Syariah Nasional No.32/DSN-MUI/IX/2002 Tentang Obligasi Syariah.Fatwa Dewan Syariah Nasional No.33/DSN-MUI/IX/2002 Tentang Obligasi Syariah Sukuk Mudharabah.Fatwa Dewan Syariah Nasional No.41/DSN-MUI/III/2004 Tentang Obligasi Syariah Sukuk Ijarah.Gujarati, Damodar N dan Dawn C. Porter. 2013. Dasar-Dasar Ekonometrika. Edisi 5 Buku 2. Jakarta: Salemba Empat.Helfert, Erich A. 2003. Techniqques Of Financial Analysis. Seventh Edition. Boston: Richard D Irwin.Huda, Nurul dan Mustafa Edwin Nasution. 2007. Investasi pada Pasar Modal Syariah. Jakarta: Kencana Prenada Media Group.Husnan, Suad. 2001. Dasar-dasar Teori Portofolio dan Analisis Sekuritas. Edisi ketiga. Jogjakarta: UPP SMP YKPN.Herlambang, Leo. 2014. Struktur Keuangan Islami, Kinerja Keuangan dan Kinerja Pasar Saham (Studi Pada Emiten Saham Syariah Indonesia). Disertasi Thesis Tidak Diterbitkan. Universitas Airlangga.Jones, Charles P. 2002. Investment: Analysis and Management. Eight Edition. John Willey & Sons Inc.Julita. 2010. Pengaruh Debt To Equity Ratio Dan Debt To Assets Ratio Terhadap Profitabilitas Pada Perusahaan Transformasi Yang Terdaftar Di Bursa Efek Indonesia. Vol 1, No 1. Universitas Muhammadiyah Sumatera Utara.Kasmir. 2010. Analisis Laporan Keuangan. Cetakan Ketiga. Jakarta: Raja Grafindo Persada.Madura, Jeff. 2009. Pengantar Bisnis. Edisi Keempat. Buku 2. Jakarta: Salemba Empat.Mujahid, dan Tettet Fitrijanti. 2010. Pengaruh Penerbitan Obligasi Syariah (Sukuk) Perusahaan Terhadap Reaksi Pasar. SNA XIII. Universitas Jendral Soedirman Purwokerto.Namora. 2006. Perbandingan Market Performance dan Karakteristik Keuangan Perusahaan Sektor Aneka Industri dengan Sektor Properti Real-Estate. Program Studi Manajemen Program Pasca Sarjana Universitas Pelita Harapan. Jakarta.Otoritas Jasa Keuangan. 2017. Statistik Sukuk Korporasi di Indonesia (Sumber:  http://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/data-produk-obligasi-syariah/Pages/Statistik-Sukuk-Desember-2015.aspx) diakses pada tanggal 24 Januari 2017.Putri, R. Ajeng Ardiyanti. 2015. Pengaruh Penerbitan Sukuk Ijarah Terhadap Kinerja Keuangan Emiten di Bursa Efek Indonesia Tahun 2009-2013. Skripsi Tidak Diterbitkan. Universitas Airlangga.Rahardjo, Budi. 2009. Dasar-dasar Analisis Fundamental Saham: Laporan Keuangan Perusahaan. Yogyakarta: Gadjah Mada University Press.Ramadhani, Ikromi. 2010. Pengaruh Penerbitan Obligasi Syariah Pada Profitabilitas (Studi Pada Perusahaan-Perusahaan Yang Menerbitkan Obligasi Syariah di BEI (Bursa Efek Indonesia) Tahun 2004-2009). Skripsi Universitas Islam Negeri Syarief Hidayatullah Jakarta.Rosiyadi, Tatik. 2014. Analisis Pengaruh Penerbitan Obligasi Syariah Terhadap Profitabilitas Perusahaan yang Menerbitkan Obligasi Syariah Ijarah di Indonesia Tahun 2009-2012. Vol 3, No 2. Jurnal Kajian Ilmiah Akuntansi Fakultas Ekonomi UNTAN.Ross, Westerfield, and Jeff. 2005. Corporate Finance. Seventh Edition. New York: Irvin Mc Grow Hill.Ryandono, M. Nafik Hadi. 2009. Bursa Efek dan Investasi Syariah. Jakarta: Serambi.Shyam, Sunder,L.,and Myers,S.C. 1999. Testing Statistic Trade Off Againts Pecking Order Model Of Structure. Journal of Financial Ekconomics,51:219-244.Sudana, I Made. 2009. Manajemen Keuangan Teori dan Praktik. Surabaya: Airlangga University Press.Sugiyono. 2012. Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.-----------. 2013. Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif dan R&D). Bandung: Alfabeta.Sukmaningrum, Puji Sucia. 2009. Reaksi Pasar Terhadap Pengumuman Penerbitan Obligasi Syariah di Bursa Efek Indonesia. Skripsi Tidak Diterbitkan. Universitas Airlangga.Sunariyah. 2011. Pengantar Pengetahuan Pasar Modal. Edisi keenam. Yogyakarta: Sekolah Tinggi Ilmu Manajemen YKPN.  Suta, I Putu Gede Ary. 2005. Kinerja Pasar Perusahaan Publik di Indonesia: Suatu Analisis Reputasi Perusahaan. Jakarta: Yayasan SAD Satria Bhakti. Sutedi, Adrian. 2011. Pasar Modal Syariah, Sarana Investasi Keuangan Berdasarkan Prinsip Syariah. Jakarta: Sinar Grafika.Tandelin, Eduardus. 2001. Analisis Investasi Dan Manajemen Portofolio. Yogyakarta. BPFE Yogyakarta.Tunggal, Amin Widjaja. 2008. Audit Manajemen. Jakarta: Rineka Cipta.762-786.Umar, Husein. 2001. Metodologi Penelitian, Aplikasi dalam Pemasaran. PT Gramedia Pustaka Utama: Jakarta.Van Horne, James C. And John M.Wachowics,Jr. 2005. Fundamental of Financial Mnagement. Twelfth Edition. Madrid Spain: Prentice Hall.Universitas Airlangga. 2009. Pedoman Penulisan Pembimbingan dan Ujian Skripsi. Surabaya: Airlangga University Press.Widarjono, Agus. 2010. Analisis Statistika Multivariat Terapan. Yogyakarta: UPP STIM YKPN--------------. 2013. Ekonometrika (Pengantar dan Aplikasinya). Edisi Keempat. Yogyakarta: UPP STIM YKPN.www.cnnindonesia.com update tanggal 22 November 2016www.idx.co.id 
Pengaruh Variabel Akuntansi Perusahaan Terhadap Risiko Beta Saham Perusahaan Yang Tercatat di Jakarta Islamic Index Periode 2012-2016 Ainur Rofiq Kurniawan; Imron Mawardi
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 (317.784 KB) | DOI: 10.20473/vol5iss20189pp791-803

Abstract

The goal of this research is to determine the effect of corporate Fundamental Factor on Stock Systematic Risk of Listed Companies in Jakarta Islamic Index (JII) partially or simultaneously. The method of research used is the quantitative approach. The sample of the research is are 13 companies registered in Jakarta Islamic Index that meet the criteria of purposive sampling. The analysis technique used best estimation model by Common Effect Model (CEM) and the result is Y = 0,616495 + 0,002389CRit + 0,006740DERit - 0,028809ROAit - 0,017486PERit and R2 13,58%. The result of the partial test shows that Current Ratio and Debt to Equity ratio has a significant effect. The result of the simultaneous test shows that the four variables have significant effects in company stock beta registered in Jakarta Islamic Index.   REFERENCESAnoraga, Panji dan Panji Pakarti. 2001. Pengantar Pasar Modal. Edisi Revisi. Jakarta: PT Rineka Cipta.Bergevin, Peter M, 2002, Financial Statement Analysis, New Jersey; pretince HallHartono, Jogiyanto, 1998, Teori Portofolio dan Analisis Investasi. Edisi pertama. BPFE.YogyakartaJones, Charles O. 1996. Pengantar Kebijakan Publik (Public Policy. Terjemahan Rick Ismanto.Jakarta: RajaGrafmdo Persada.Jones, Charles P., 2004, Investment, New York : Prentice-Hall.Kieso, Donald E., Jerry J. Weygandt, dan Terry D. Warfield, 2002. Akuntansi Intermediete, Terjemahan Emil Salim, Jilid 1, Edisi Kesepuluh, Penerbit Erlangga, Jakarta.Munawir, S. 2002. Analisis Laporan Keuangan. Edisi Ketujuh. Yogyakarta: Liberty.Weston, J. Fred dan Thomas E. Copeland. 1995. Manajemen Keuangan I. Edisi Kesembilan. Penerbit Binarupa Aksara. Jakarta.
ANALISIS JALUR FAKTOR MAKROEKONOMI TERHADAP RETURN SAHAM SYARIAH Ardina Talitha Nidya; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 10 (2018): Oktober-2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (524.372 KB) | DOI: 10.20473/vol5iss201810pp877-891

Abstract

This research aims to determine the influence of macroeconomic factors on theprofitability and stock return of PT. Bank Panin Dubai Syariah, Tbk period 2014-2017. The approach is a quantitative approach using path analysis. The exogenous variables that used are inflation, Gross Domestic Product (GDP), BI rate, and exchange rate while the endogenous variable is stock return and the intervening variable is profitability. The result of this research indicates that inflation has no significant effect on profitability, GDP has no significant effect on profitability, BI rate influences positively significant on profitability, exchange rate influences negatively significant on profitability, inflation has no significant effect on stock return, GDP has no significant effect on stock return, BI rate has no significant effect on stock return, exchange rate influences negatively significant on stock return, and profitability has no significant effect on stock return of PT. Bank Panin Dubai Syariah, Tbk period 2014-2017  REFERENCESArifin, Zainul. 2006. Dasar-dasar Manajemen Bank Syariah. Jakarta: Pustaka Alvabet.Aryanti, dkk. 2016. Pengaruh ROA, ROE, NPM, dan CR terhadap Return Saham pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII). I-Finance, Vol.2 No.2, hal. 54-71.Darmadji, Tjiptono & Fakhrudin, Henry M. 2006. Pasar Modal di Indonesia Pendekatan Tanya Jawab. Jakarta: Salemba Empat.Dendawijaya, Lukman. 2009. Manajemen Perbankan, Edisi Kedua. Jakarta: Ghalia Indonesia.Fatmawati, Nur Lailatul. 2017. Pengaruh BI Rate dan Tingkat Kesehtaan Bank terhadap Tingkat Bagi Hasil Pembiayaan Mudharabah di Bank Syariah Mandiri Periode 2008-2015. (Online), (http://digilib.uin-suka.ac.id, diakses pada 8 Januari 2018).Ghozali, Imam. 2016. Aplikasi Analisis Multivariate dengan Program IBM SPSS 23, Edisi 8. Semarang: Badan Penerbit Universitas Diponegoro.Greenwald, Douglas. 1982. Encyclopedia of Economics. New York: McGraw-Hill, Inc.Gufron, Muzaki. 2015. Pengaruh Inflasi, Suku Bunga dan Nilai Tukar terhadap Profitabilitas Bank Umum Syariah di Indoensia (Periode Januari 2010-April 2015). Skripsi tidak diterbitkan. Surabaya: Fakultas Ekonomi dan Bisnis Universitas Airlangga.Irawan, Toni. 26 Agustus 2010. Sistem Perbankan Ganda: Pengalaman Malaysia. Iqtishodia jurnal ekonomi islam republika, hlm. 7.Kasmir. 2016. Analisis Laporan Keuangan. Jakarta: Rajawali Pers.Kewal, S.S. 2012. Pengaruh Inflasi, Suku Bunga, Kurs dan Pertumbuhan PDB terhadap Indeks Harga Saham Gabungan. Jurnal Economia, Vol. 8, No.1.Koostanto, Harya Buntala. 2013. Pengaruh Inflasi, Suku Bunga, Nilai Tukar dan PDB terhadap Perubahan Tingkat Pengembalian Saham Perusahaan yang Terdaftar pada Bursa Efek Indonesia, (Online), (http://repository.ipb.ac.id, diakses 30 Oktober 2017).Kurniasih, Erni. 2012. 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Analisis Pengaruh Variabel Makroekonomi terhadap Return Saham Syariah Sektor Pertanian yang terdaftar di ISSI Periode 2011-2018 Achmad Kharis; Imron Mawardi
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/vol6iss201910pp1953-1965

Abstract

This study aims to determine the effect of GDP, Inflation, SBIS, Exchange Rates against Returns on Sharia Stocks in the Agriculture Sector Listed in the Indonesian Sharia Stock Index (ISSI). The approach used is quantitative by using the Vector Error Correction Model (VECM) analysis technique with the STATA program. While the GDP, Inflation, SBIS, Exchange Rates as independent variables and Returns on Sharia Stocks in the Agriculture Sector Listed in the Indonesian Sharia Stock Index (ISSI) as the dependent variable. The results of this study indicate that in the short term only GDP has a negative and significant effect. Whereas in the long run the GDP has a negative and significant effect, inflation has a positive and significant effect, SBIS has a negative and significant effect, Exchange rates have a positive and significant effect on the return of Agricultural Sector Sharia Shares registered at ISSI on the research period from 2011 to 2018.Keywords: GDP, Inflation, SBIS, Exchange Rates and Returns on Sharia Stocks in the Agriculture Sector Listed in ISSI
DETERMINAN PRICE EARNING RATIO SAHAM YANG TERDAFTAR DALAM JAKARTA ISLAMIC INDEX (JII) PERIODE 2011 – 2017. Aysha Dhamaring Nugroho; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 11 (2019): November-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss201911pp2224-2235

Abstract

It is very important for investor to be able to assess whether a stock will be able to provide a high return of investment in the future. There are various kinds of approaches that can be used by investor to assess the performance of a stock in the stock market, two of which are technical analysis and fundamental analysis. Price earning ratio is part of ratio that are used in fundamental analysis and price earning ration is often used by investor as a refrence to read the performance of a stock in the future. This study are focusing on finding which variabel can affect the value of price earning ratio of a stock, using VECM method this study finds that debt to equity ratio, return on equity, dividend payout ratio and current ratio in long -run affecting price earning ratio in a significant way.Keywords: financial ratio, price earning ratio, fundamental analysis, Indonesia syariah stock market
Co-Authors Abdullah, Syahidah Achmad Hijri Lidnillah Achmad Hijri Lidnillah, Achmad Hijri Achmad Kharis Adhama, Gabriella Jodie Adlan, Muhammad Afifa, Ulfia Nur Ahmad Sodiq, Ahmad Ainur Rachman Ainur Rachman, Ainur Ainur Rofiq Kurniawan Ajeng Gama Rosyida Al Ma'rifatul A'la Al Mustofa, Muhammad Ubaidillah Almustofa, Muhammad Ubaidillah Ambariyanto Ambariyanto Anisa Priyanka Jasmine Anwar Allah Pitchay, Anwar Allah Aprilidya Ayu Parandita Ananta Apriwiliza, Gita Ardiantono, Dewie Saktia Ardina Talitha Nidya Arfiani, Ninda Ari Prasetyo Arifin, Nur Rachmat Ariska Oktavia Arni Dini Inayati Asya'bani, Nispia Atiya, Nikmatul Aufar Fadlul Hady Aulia Ramadhani Aysha Dhamaring Nugroho Azel Raoul Reginald Azel Raoul Reginald, Azel Raoul baharsyah, akmal ilham Bayu Wardhana Bintang Hanifian Syahdana Bintang Pratama Buana Putra Bonang, Dahlia Candika, Yossy Imam Clarashinta Canggih Diamantin Rohadatul Aisy Dian Anggraini Diaz Tulus Anandri Diaz Tulus Anandri Dien Mardhiyah Dzikri Nurrohman Eka Puspa Dewi Eka Puspa Dewi Eko Fajar Cahyono, David Kaluge Ergun, Hüseyin Fahamsyah, Mohammad Hatta Fahmy Zarkasyi, Hamid Faizurrahman, Umar Haidar Fakhrana, Fathaniadina Falah, Yusril Faridatun Nila Faridatun Nila Faridatun Nila Fary Adisetya Putra Fathaniadina Fakhrana Febrianti, Puput Rosita Febrinda Eka Damayanti Fihrist Rayhan Deqauni Firman, Asmen Junaidi Firsty Izzata Bella Fithrotin Azizah Rahmah Fitri Nur Latifah Gabriella Jodie Adhama Gea Papurane Langi Hanifiyah Yuliatul Hijriah, Hanifiyah Yuliatul Hanoraga, Tony Huzein Satrio Prasetyawan Ilham Nur Agustha Ilham Nur Agustha, Ilham Nur Ilmiawan Auwalin Imam Sopingi Iman, Shofal Indi Masita Lisdawami Indra Kharisma Raharjana Insani, Taqiyah Dinda Insani, Taqiyah Dinda Ira Erlinawati Ira Erlinawati, Ira Ishma Amelia Jihad Jihad Jihad, Jihad Khoirul Umam Kurniawan, Ainur Rofiq Kusnul Ciptanila Yuni K Kusuma, Aditya Latifah, Nuria Machfud, Syafrina Mahmudah, Siti Nur Maramis, Muhamad Iqbal Haqiqi Matsahri, Matsahri Mirna Ainurrachma Moch. Ali Fudin Al Islami Moh Fudholi Moh. Fudholi Moh. Fudholi Mohammad Haidar Risyad Muhamad Nafik Hadi Ryandono Muhamad Nafik Hadi Ryandono, Muhamad Nafik Muhammad Ali Nuruddin Muhammad sanusi Muhammad Sanusi Muhammad Syauqi Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al-mustofa Muhammad Wicaksono Hasdyani Putra Muslich Anshori Muslich Anshori Muslich Anshori Mustofa, Muhammad Ubaidillah Al Mutmainah Mutmainah Nadia Arisanti Nareswari Saputro Nareswari Saputro, Nareswari Nauval Fadhillah Gusti Wijaya Nidya, Ardina Talitha Nikmatul Atiya Nila, Faridatun Nisa, Khairun Nisful Laila Norma Rosyidah Norma Rosyidah, Norma Nova Rini Nova Rini Novalia Nastiti Novalia Nastiti, Novalia Novita Novita Nur Rachmat Arifin Nur Rachmat Arifin Nurrohman, Dzikri Nurul Asfiah Nurul Asfiah Okyviandi Putra Erlangga Ongky Martha Dwiyananda Ongky Martha Dwiyananda, Ongky Martha Pramita Agustin Pramita Agustin, Pramita Puji Sucia Sukmaningrum Puput Rosita Putra, Fary Adisetya Putra, Muhammad Wicaksono Hasdyani R Moh Qudsi Fauzi R Wahyu Agung Utama R Wahyu Agung Utama R. Wahyu Agung Utama R. Wahyu Agung Utama R. Wahyu Agung Utama Rachman Sugiharno Raditya Sukmana Rahmadany, Zhahirah Adriana Ramdani Ramdani Rani, Lina Nugraha Renny Oktafia Renny Oktafia, Renny Ridan Muhtadi Rifqul Ma'isyah Ririn Tri Ratnasari Risyad, Mohammad Haidar Rosana Puspasari Rosana Puspasari, Rosana Rosidi, Dinda Oktaviona Rosyidi, Luthfi Sadikin, Muhamat Ali Samsidar Widiarso Saptowati, Errin Dwi Sarker, Md Atiqur Rahman Setiyo Aji Shabbir, Malik Shahzad Sinulingga, Rizky Amalia Siti Maisaroh Siti Maisaroh Siti Nur Azizaturrohmah Siti Nur Azizaturrohmah, Siti Nur Siti Nur Mahmudah Siti Zulaikha Siti Zulaikha Soleh, Mochamad Soleh, Mochammad Sri Hartini Sri Herianingrum Sri Ningsih Sulaeman Sulaeman Sunan Fanani, Sunan Sunarno Sunarno Taqiyah Dinda Insani Taufan Indrasasmita Tika Widiastuti Tjiptohadi Sawarjuwono Ubaidi, Ubaidi Utama, R Wahyu Agung Utama, R. Wahyu Agung Wahid , Wahyu Wibisono Wisudanto Wisudanto Yan Putra Timur Yanuar Dharma Putra Zaim Nur Afif Zaim Nur Afif, Zaim Nur Zaimy Johana Johan Zain, Nur Habiba Zainal Abidin Zakaria, Nor Balkish