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COVID-19 OUTBREAK AND CAPITAL MARKET REACTION: AN EVIDENCE FROM THE JAKARTA ISLAMIC INDEX 70 Siti Amaroh
Share: Jurnal Ekonomi dan Keuangan Islam Vol 9, No 2 (2020)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (441.44 KB) | DOI: 10.22373/share.v9i2.7887

Abstract

The COVID-19 outbreak has become a global problem affecting human life entirely. This paper provides evidence of the market reaction to Jokowi’s announcement regarding the first patient of COVID-19 in Indonesia on March 2, 2020. This research is an event study that looks at whether or not there is a difference in average abnormal returns of 'go public' companies registered on The Jakarta Islamic Index (JII) 70 both before and after the announcement. The observations were made 9 days before the announcement and 9 days after the announcement. Based on descriptive data, the average stock returns of JII 70 fluctuated which increased on the first day after the announcement but decreased sharply after the fifth day of the announcement. The test showed that the average abnormal returns are negative both before and after the announcement. The paired sample t-test provided evidence that there is a difference in the average abnormal return during the testing period between before and after the announcement. The market reacted negatively to the announcement indicated by negative average abnormal return and support a semi-strong market hypothesis.========================================================================================================Wabah Covid-19 dan Reaksi Pasar Modal: Bukti dari Jakarta Islamic Index 70. Wabah COVID-19 telah menjadi masalah global yang mempengaruhi kehidupan manusia sepenuhnya. Paper ini memberikan bukti reaksi pasar terhadap pengumuman Presiden Jokowi mengenai pasien perta COVID-19 di Indonesia pada 2 Maret 2020. Penelitian ini merupakan studi peristiwa yang melihat apakah terdapat perbedaan rata-rata abnormal return perusahaan go public yang terdaftar di Jakarta Islamic Index (JII) 70 baik sebelum maupun sesudah pengumuman. Pengamatan dilakukan 9 hari sebelum pengumuman dan 9 hari sesudah pengumuman. Berdasarkan data deskriptif, rata-rata return saham JII 70 mengalami fluktuasi yang meningkat pada hari pertama setelah pengumuman namun menurun tajam pada hari kelima setelah pengumuman. Hasil pengujian menunjukkan bahwa rata-rata abnormal return bernilai negatif baik sebelum maupun sesudah pengumuman. Uji-t sampel berpasangan memberikan bukti bahwa terdapat perbedaan rata-rata abnormal return selama periode pengujian antara sebelum dan sesudah pengumuman. Pasar bereaksi negatif terhadap pengumuman yang ditunjukkan oleh rata-rata abnormal return negatif dan mendukung hipotesis pasar semi-kuat.
SOSIALISASI LITERASI KEUANGAN SYARIAH PADA PEREMPUAN PELAKU USAHA KONVEKSI DI SENTRA INDUSTRI PADURENAN KUDUS Siti Amaroh
RESWARA: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 1 (2023)
Publisher : Universitas Dharmawangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/rjpkm.v4i1.2334

Abstract

Literasi keuangan berkaitan dengan pengetahuan, sikap, dan perilaku keuangan. Program pengabdian masyarakat ini bersifat kolaboratif dan dilaksanakan dalam rangka memberikan sosialisasi tentang literasi keuangan berbasis syariah. Pendekatan penelitian tindakan partisipatif dilakukan dengan memfasilitasi peserta untuk memahami tentang keuangan syariah. Peserta terdiri dari pelaku usaha konveksi baik pemilik maupun para mitra produksi. Kegiatan sosialisasi menghadirkan fasilitator pertama yang menyampaikan tentang program studi pada perguruan tinggi Islam baik pada keilmuan berbasis agama maupun umum, dan menyampaikan pengelolaan keuangan perspektif Islam. Fasilitator kedua menyampaikan tentang literasi keuangan, literasi keuangan syariah, dan memberikan kuesioner. Para peserta diberikan kuesioner untuk mengetahui tingkat literasi keuangannya. Berdasarkan jawaban pada kuesioner menunjukkan bahwa tujuan keuangan meliputi kebutuhan pokok, biaya pendidikan, dan pengembangan usaha. Peserta tidak memiliki pemahaman yang cukup tentang keuangan syariah sehingga kegiatan ini dinilai memberikan dampak positif
Pengaruh Pengetahuan Investasi, Risk Tolerance, Dan Self Efficacy Terhadap Intensi Investasi Pasar Modal Pada Generasi-Z Reza Fitriana Rizkia; Fitria Ardia Pramesti; Siti Amaroh
ISLAMIC BUSINESS and FINANCE Vol 4, No 2 (2023): ISLAMIC BUSINESS and FINANCE
Publisher : Universitas Islam Negeri Sultan Syarif Kasim Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24014/ibf.v4i2.23493

Abstract

Investments in the country's actual economy and its capital market will increase as a result of globalization. Because of this, the capital market requires members of Generation Z to have a high level of self-awareness. The purpose of this study is to examine how generation Z investors' levels of investing expertise, risk aversion, and confidence influence financial market performance. The goal of this research was to identify the factors (investment knowledge, risk tolerance, and self-efficacy) that influence people's decisions to put money into the stock market. Gen Z is the focus of this investigation. Non-probability type purposive sampling was used to choose the 200 respondents who would make up this study's sample of members of Generation Z. The validity and reliability tests were used to evaluate the research instrument, and the classical assumption test and multiple regression analysis were used to analyze the collected data. Capital market investing intentions are positively related to investment knowledge, risk tolerance, and confidence, according to the investigation. The findings of this study have important implications for encouraging younger generations' interest, trust, and self-awareness in the capital market.Keywords: Investment Intensity, Investment Knowledge, Risk Tolerance, Self Efficacy.
Pengaruh BI Rate, Jumlah Uang Beredar, Dan Nilai Tukar Terhadap Return Saham Property And Real Estate Tahun 2020 - 2022 Dhias Pramudita Kusuma Wardani; Lailatul Maulida Azzahra; Siti Amaroh
JURNAL PUNDI Vol 7, No 2 (2023)
Publisher : AKBP-STIE "KBP" PADANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31575/jp.v7i2.474

Abstract

This study aims to determine the level of the BI Rate, the money supply, and the exchange rate for sharia stock returns in property and real estate companies for the period 2020 - 2020. This research uses quantitative research. The population of this study used 53 property and real estatecompanies listed on the IDX for 2020 – 2022. The sample used a purposive sampling method with criteria including property and real estatecompanies listed on the IDX for 2020 – 2022 and have the required financial report data by this research variable in order to obtain a sample of 15 companies. The data sources obtained for this study are from the Indonesia Stock Exchange (IDX) and Bank Indonesia for 2020 – 2022. The results of this study partially show that the BI Rate variable and the Tupiah Exchange Rate against the dollar have no significant effect on stock returns and the money supply has a significant effect on stock returns. Meanwhile simultaneously the variables BI Rate, the money supply, the exchange rate of the rupiah against the dollar have a significant effect on stock returns.
Islamic Banks Stability in Indonesia: Assesing the Role of Islamicity Performance Amidst the Pandemic Challenges Siti Amaroh; Ely Masykuroh; Husnurrosyidah Husnurrosyidah; Maimunah Ali
ETIKONOMI Vol 23, No 2 (2024)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v23i2.37269

Abstract

Research Originality: Islamicity performance reflects adherence to Sharia principles, which are fundamental to Islamic banking operations. Research that emphasizes the contribution of Islamicity performance to the stability of Islamic bank requires additional studies.Research Objectives: This research examines the influence of banks’ internal factors, Islamicity performance, and macroeconomic factors on the Islamic bank stability amidst the pandemic challenges using financial intermediation theory.Research Methods:A random effects test was performed on a balanced panel data covering the period of 2017.1-2023.3 on 10 Islamic banks continuously publishing quarterly financial reports.Empirical Results: Credit risk and eficiency affect stability. Higher expenses enhance stability during pandemic. Reserves for uncollectible debt reduce stability. Islamicity performance in profit-sharing financing may reduce stability. Economic growth and inflation negatively affect stability pre-pandemic. Interest rate and dummy variables have positive effects.Implications: These findings imply the significance of preemptive risk management, cost-effective operations, prudent reserves allocation, and regulatory compliance to enhance stability in Islamic bank across varying economic circumstances.JEL Classification: E4, G21, B22How to Cite:Amaroh, S., Masykuroh, E., Husnurrosyidah., & Ali, M., (2024). Islamic Banks Stability in Indonesia: Assesing the Role of Islamicity Performance Amidst the Pandemic Challenges. Etikonomi, 23(2), 317 – 332. https://doi.org/10.15408/etk.v23i2.37269.
Pengaruh Kinerja Keuangan Terhadap Kepercayaan Investor pada Saham ITMG Periode 2016-2023 Zuhaida Risqi Maya Shofi; Yasinta Khoirun Nisa; Siti Amaroh
Journal of Citizen Research and Development Vol 1, No 1 (2024): Mei 2024
Publisher : CV. Rayyan Dwi Bharata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57235/jcrd.v1i1.2788

Abstract

Tujuan dari penelitian ini adalah untuk memberikan gambaran singkat kepada para investor saham dan calon investor saham agar dapat mengaplikasikan cara mengkaji hasil kinerja keuangan pada saham ITMG periode 2016 – 2023. Penelitian ini juga ditujukan kepada para investor dan calon investor tentang sikap yang seharusnya diambil ketika membeli saham perusahaan yang didasarkan dengan kasus korupsi pada perusahaan timah. Jenis penelitian ini menggunakan metode kuantitatif dengan teknik purposive sampling dengan sampel penelitian 32 menggunakan metode data sekunder (time series) untuk mendapatkan data dari saham ITMG. Penelitian ini berfokus dalam menelaah kinerja keuangan yang menggunakan perhitungan likuiditas, profitabilitas dan solvabilitas untuk melihat kepercayaan investor yang di dapat melalui indeks harga saham ITMG. Analisis yang digunakan adalah analisis regresi berganda dengan beberapa uji asumsi klasik. Hasil pengujian hipotesis (uji t) menghasilkan bahwa variabel likuiditas berpengaruh signifikan terhadap kepercayaan investor. Variabel solvabilitas berpengaruh signifikan terhadap kepercayaan investor. Variabel profitabilitas berpengaruh signifikan terhadap kepercayaan investor. Sedangkan secara simultan (uji f)ketiga variabel tersebut berpengaruh positif terhadap kepercayaan investor.