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Journal : IQTISHODUNA

ANALISIS PORTOFOLIO SEBAGAI DASAR PENGAMBILAN KEPUTUSAN INVESTASI SAHAM YANG TERDAFTAR DI BEI Yati, Sri
IQTISHODUNA IQTISHODUNA (VOL 9, NO 1.
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (613.725 KB) | DOI: 10.18860/iq.v0i0.2282

Abstract

This study aims to analyze rate of return and risk as the tools to form the portfolio analysis on 15 the most actives stocks listed in Indonesian Stock Exchange. Descriptive analytical method is used to describe the correlation between three variables: stock returns, expected returns of stock market, and beta in order to measure the risk of stocks to help the investors in making the investment decisions. The research materials are 15 the most actives stocks listed in Indonesian Stock Exchange during 2008-2009. The results show that PT. Astra International Tbk. has the highest average expected return of individual stock (Ri) of 308,3355685, while PT. Perusahaan Gas Negara Tbk. has the lowest of -477,0827847. The average expected return of stock market (Rm) is 0,00247163. PT. Astra International Tbk. has the highest systematic risk level of 20229,14205, while the lowest of -147,5793279 is PT. Kalbe Farma Tbk. Furthermore, the results also indicate that there are 9 stocks can be combined to form optimal portfolio because they have positive expected returns.
MODEL AKTIVASI PERAN BANK SYARIAH DALAM MANAJEMEN USAHA PENGEMBANGAN USAHA TERNAK SAPI POTONG Suyoso Putra, Yuniarti Hidayah; Yati, Sri
IQTISHODUNA IQTISHODUNA (VOL 10, NO 1.
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (348.211 KB) | DOI: 10.18860/iq.v10i1.3575

Abstract

This study aimstounderstand thepotential picture of beef cattle businessinIndonesia, to identifythemainissues of the business, how to establish strong beef cattle business, anddevelop amodel ofIslamic banksactivation inthe beef cattle business. The study employed a qualitativedescriptivemethod. The secondarydata are used which derived from theMinistryof AgricultureandLivestockandrelatedservicesfrom 2009to 2012,BPS and BankIndonesiadatarelated to therole ofIslamic banksin agricultureandanimal husbandry, andthewebsiteof Islamicbanks.The results showed that Islamic banksare reluctant toget involvedin this businessdue to a highriskventure. Therefore, tooptimize theactiveroleof Islamic banks, a model will be establishedrelatedtothe roleof Islamic banksinthe cattle business. Islamic bankscan contribute directlyandindirectlyto solveproblemsandestablish the beefcattle business. Direct roleis performedbydesigning contractapproach infinancing, whereasindirectroleis throughCorporate SocialResponsibilityprogramtoimprovethe basicconditionsoffarmers andthe business, if the bank is not yetconvinced thatgiving thedirect financing,the businesswill besuccessful.
ANALISIS TINGKAT KESEHATAN KEUANGAN PERUSAHAAN ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) Yati, Sri
IQTISHODUNA IQTISHODUNA (VOL 8, NO 1
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (167.517 KB) | DOI: 10.18860/iq.v0i0.1759

Abstract

The competitive advantages of the company’s are mainly determined by the performance. One important aspects of performance is financial aspects which are illustrated in financial statements. However, it is not enough to only assess the financial performance of companies. It required the analysis of financial statements to obtain the whole picture of company’s progress which is can be used by management or other users of financial statements to make decision making. The financial analysis in this research is used Z-Score to determine the company's financial performance more accurately and the health level of cigarettes companies in facing global competition and also dealing with the smoking ban regulations. The research was conducted on three tobacco companies that go public on the Stock Exchange Indonesia, that are PT Bentoel International Tbk., PT. Gudang Garam Tbk., PT. Hanjaya Mandala Sampoerna Tbk.  Z-Score results showed that PT Bentoel International Tbk in 2008 and 2009 had a poor financial performance and classified as highly vulnerable company, whereas in 2010 the company was in a good performance and healthy condition. Meanwhile, PT Gudang Garam Tbk from 2008, 2009 and 2010 is classified as healthy company. PT. Hanjaya Mandala Sampoerna Tbk has a good financial performance and categorized as healthy company began in 2008, 2009 to 2010. To conclude, among the three tobacco companies that go public on the Stock Exchange Indonesia, PT Hanjaya Mandala Sampoerna Tbk is a company that has the best financial performance and classified as a healthy company.