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Do Global Factors Drive Herd Behavior in Asymmetric: Evidence from Indonesia, Malaysia, and Thailand Gusni, Gusni; Komariah, Siti; Riantani, Suskim
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 13 No. 2: June 2024
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i2.12629

Abstract

The occurrence of several crises in recent decades has led to significant uncertainty in the capital market, potentially fostering tendencies for herd behavior. This conduct may manifest in situations of asymmetry when the market experiences varying conditions (market up and down). Herd behavior in asymmetric can be driven by a variety of global influences, such as the Federal Funds Rate and the world oil price. The aim of this research is to investigate whether herd behavior exists under asymmetric conditions, and to explore the influence of global factors on such behavior within the manufacturing sectors listed in the capital markets of Indonesia, Malaysia, and Thailand using daily closing stock price information from January 2015 to December 2022. This research utilizes a cross-sectional dispersion methodology and incorporates a dummy variable within the standard model to accomplish its research objective. The findings denote that asymmetric herding tendencies are evident solely among manufacturing firms listed on the Indonesian stock market during downturns, contrasting with the absence of such behavior in Malaysia and Thailand during market fluctuations. In Indonesia, global factors do not play a significant role in prompting asymmetric herding, whereas in Malaysia and Thailand, are more influenced by the Federal Funds Rate. Keywords: Asymmetric Herding; Market Up and Down; Federal Funds Rate; World Oil Price; Cross-Sectional Dispersion
Determinants of the Equity Price of Main Board Index Companies Komariah, Siti; Gusni, Gusni; Riantani, Suskim
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 13 No. 2: June 2024
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i2.12881

Abstract

The stock price has consistently varied over time in the capital market and can be influenced by a range of internal and external factors. This study aims to identify the elements that investors take into account when making investment decisions on the Main Board Index of the Indonesian stock market, as well as the factors that determine share prices. The study utilized data gathered between 2018 and 2022, from 106 companies listed on the main board index using a purposive sampling method. Panel data regression techniques have been utilized to elucidate the determinants of the firm equity price. Research findings denote that profitability as measured by earnings per share (EPS) and return on assets (ROA), along with the size and value of the firm, contribute positively to equity prices. Conversely, the capital structure exerts a negative impact on share prices, while dividend policy does not affect stock prices. Our findings underscore the significance for investors to consider on factors within a company beside external when processing information and deliberating on investment choices. Keywords: Equity Price; Determinant Factors; Main Board Index; Panel Data; Capital Market
The role of training in improving the entrepreneurship competency of sustainable rehabilitation participants BNN West Java Sumadhinata, Yelli Eka; Ramadhan, Nabilah; Riantani, Suskim
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 7 (2023): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i7.3047

Abstract

To strengthen the economy, the government is pushing empowerment initiatives for new businesses. However, for fellow participants in continuous rehabilitation for BNN West Java Province customers, business activities might be a chance to start a new life and be accepted by society. This research examines the impact of entrepreneurship training on BNN West Java Province customers' sustained recovery. This research employed descriptive data analysis to evaluate the training and entrepreneurship skills of sustainable rehabilitation participants for BNN foster clients in West Java Province. According to SPSS study, entrepreneurship training increases entrepreneurial skills by 65.9%. The results of this study are expected to motivate the government, private sector, and other organizations to organize better entrepreneurship training to help fellow participants in sustainable rehabilitation by preparing them to become part of the community again through entrepreneurial activities.
Pengaruh Kompensasi Dan Kepuasan Kerja Terhadap Kinerja Karyawan Pt Hypermart Cianjur Mumuz Mudrikah; Suskim Riantani
Cakrawala Repositori IMWI Vol. 6 No. 3 (2023): Cakrawala Repositori IMWI
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v6i3.351

Abstract

Tujuan penelitian ini untuk mengetahui pengaruh kompensasi dan kepuasan kerja terhadap kinerja karyawan PT. Hypermart Cianjur. Metode penelitian yang digunakan dalam penelitian ini adalah metode deskriptif asosiatif untuk menguji hubungan dan pengaruh variabel kompensasi dan kepuasan kerja terhadap kinerja karyawan. Metode analisis data menggunakan analisis deksriktif statistic dan analisis jalur (path analisys) . Responden penelitian ini adalah semua karyawan PT. Hypermart Cianjur berjumlah 40 orang dengan teknik sampling jenuh. Data diperoleh menggunakan pengembangan instrumen kuesioner. Hasil penelitian ini bahwa kompensasi, kepuasan kerja dan kinerja memiliki bobot actual yang dikategorikan cukup baik. Hasil analisis jalur menunjukkan bahwa kompensasi berpengaruh signifikan terhadap kinerja, kepuasan kerja berpengaruh signifikan terhadap kinerja. Serta kompensasi dan kepuasan berpengaruh signifikan terhadap kinerja.
Fostering Indonesian SMEs Performance: The Role of Supply Chain Networks and Supply Chain Flexibility Riantani, Suskim; Kartadjumena, Eriana; Jayaatmaja, Muhamad Alan; Jaafar Sidik, Morni Hayati
International Journal of Supply Chain Management Vol 8, No 2 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : ExcelingTech

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59160/ijscm.v8i2.2994

Abstract

this examination is expected to investigate the effect of SC networks and SC flexibility in improving the Indonesian SMEs performance. SC integration has filled in as a mediator among the relationship between SC networks and SC flexibility with SMEs performance. This is a quantitative report. 146 workers were taken as an example estimate from SME's segments. Arbitrary examining procedure was utilized to gather the information. 5 point Likert scale was utilized to get the reaction. PLS-SEM The discoveries of this examination uncovered the positive noteworthy connections exist between SC networks, SC flexibility alongside the directing job of SC integration on Indonesian SMEs performance, which further affirms the proposed research reasonable structure for SMEs business performance.
Peningkatan Literasi Keuangan Syariah pada Santri Pondok Pesantren Graber Darul Salam Al Mubarokah Amalia, Shendy; Nugrahani, Wahyu Panji; Riantani, Suskim; Wijaya, John Henry; Effendi, Kharisya Ayu
Abdimas Galuh Vol 7, No 1 (2025): Maret 2025
Publisher : Universitas Galuh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25157/ag.v7i1.16662

Abstract

Program pengabdian ini bertujuan untuk meningkatkan literasi keuangan syariah pada santri Pondok Pesantren Graber Darussalam Al Mubarokah. Dalam konteks pesantren, literasi keuangan syariah sangat penting untuk membekali santri dengan pemahaman yang memadai mengenai pengelolaan keuangan sesuai dengan prinsip-prinsip syariah. Metode yang digunakan dalam program ini meliputi pemberian materi edukatif, diskusi kelompok, dan simulasi praktis terkait perbankan syariah, investasi halal, dan pengelolaan zakat, infaq, dan sedekah. Peserta program adalahseluruh santri yang berada di pondok pesantren sejumlah 25 orang. Hasil dari program ini menunjukkan adanya peningkatan yang signifikan dalam pemahaman dan keterampilan santri dalam mengelola keuangan mereka secara syariah. Sebelum program, sebagian besar santri memiliki pemahaman yang terbatas tentang keuangan syariah, namun setelah mengikuti kegiatan, mereka menunjukkan pemahaman yang lebih mendalam dan mampu menerapkan prinsip-prinsip syariah dalam kehidupan sehari-hari. Kesimpulan dari program ini adalah bahwa pendidikan keuangan syariah dapat secara efektif meningkatkan literasi keuangan santri, yang pada gilirannya dapat membantu mereka menjadi individu yang lebih mandiri secara finansial dan taat syariah. Program ini juga memberikan rekomendasi agar literasi keuangan syariah menjadi bagian integral dari kurikulum pesantren di masa depan.
Ekonomi Islam dan Pembangunan Lembaga yang Inklusif: Menyongsong Keadilan Sosial Berkelanjutan dalam SDG 16 Sodik, Gugun; Riantani, Suskim
Eco-Iqtishodi : Jurnal Ilmiah Ekonomi dan Keuangan Syariah Vol. 7 No. 1 (2025): Eco-Iqtishodi: Jurnal Ilmiah Ekonomi dan Keuangan Syariah
Publisher : Program Studi Ekonomi Syariah Institut Manajemen Koperasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/jab6fw64

Abstract

The Sustainable Development Goals (SDGs), established by the United Nations, serve as a global framework for fostering a more equitable, peaceful, and sustainable world. Among the 17 goals, SDG 16 emphasizes the importance of peace, justice, and strong institutions, which form the foundation for inclusive and sustainable development. This research focuses on the role of SDG 16 from the perspective of Islamic economics, aiming to explore how the principles of Islamic economics—particularly those related to social justice, wealth distribution, and institutional strengthening—can contribute to achieving these objectives. In the context of Islamic economics, the goal of creating a just and peaceful society is rooted in values such as adl (justice), mizan (balance), and maslahah (public interest), which are central to Islamic policies and economic practices. Islamic economics emphasizes transparency, accountability, and the equitable management of resources, aligning closely with the principles outlined in SDG 16. Additionally, Islamic financial instruments, such as zakat, waqf, and other social funds, play a vital role in strengthening economic structures that promote social justice and community well-being. Using a qualitative approach and comparative analysis, this study examines the application of Islamic economic principles in the context of sustainable development, with a particular focus on Muslim-majority countries that have integrated Sharia-based values into their economic policies. The research also discusses the challenges and opportunities faced by these countries in effectively implementing SDG 16. The findings of this study suggest that the application of Islamic economic principles, which prioritize justice, fair distribution, and the strengthening of legal institutions, can serve as an effective solution for achieving peace, social justice, and strong institutions in these nations. Overall, the study concludes that Islamic economics not only provides a moral and ethical foundation for achieving SDG 16 but also offers practical approaches to addressing social injustice, economic inequality, and social-political instability. Therefore, the integration of Islamic economic principles into sustainable development policies becomes a strategic step toward creating a more just, peaceful, and sustainable world. Key Word: Sustainable Development Goals (SDGs). Peace, Justice, and Strong Institutions, Islamic Economics. Social Justice.
Analysis of Company Size, Financial Leverage, and Profitability and It’s Effect to CSR Disclosure Riantani, Suskim; Nurzamzam, Hafidz
JDM (Jurnal Dinamika Manajemen) Vol 6, No 2 (2015): September 2015
Publisher : Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v6i2.4308

Abstract

This study aims to analyze and recognize the effect of financial performance measured through company size, financial leverage and profitability to Corporate Social Responsibility Disclosure (CSRD). The research was done in Tobacco Company listed in Indonesia Stock Exchange during period of 2007-2011. Descriptive analysis and verification method was used as the research method. The purposive sampling method was used to obtain the sample and there are three cigarette companies as the sample. Multiple linear regression and correlation analysis using t test and F test were applied as a technique of analysis. The test of the classical assumption such as the normality, multicollinearity, heteroscedasticity, and autocorrelation applied before the multiple linear regression. The result shows that the company size had positive and significant effect to the CSR disclosure, financial leverage does not show significant effect to the CSR disclosure, profitability does not have significant effect to the CSR disclosure during the investigation.
Analisis Dampak Kebijakan Ekonomi terhadap Pendapatan, Ketimpangan, dan Kemiskinan di Indonesia: Suatu Tinjauan Pustaka Economic Development oleh Michael P. Todaro dan Stephen C. Smith Sodik, Gugun; Riantani, Suskim
Eco-Iqtishodi : Jurnal Ilmiah Ekonomi dan Keuangan Syariah Vol. 7 No. 2 (2026): Eco-Iqtishodi: Jurnal Ilmiah Ekonomi dan Keuangan Syariah
Publisher : Program Studi Ekonomi Syariah Institut Manajemen Koperasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/6tqs8e25

Abstract

This study aims to review and analyze the impact of economic policies on income, inequality, and poverty in Indonesia, utilizing concepts from the book Economic Development by Michael P. Todaro and Stephen C. Smith. Theories and development approaches put forth by Todaro and Smith, such as the Kuznets Curve, multidimensional poverty, and pro-poor policies, serve as the framework for evaluating the effectiveness of economic policies in Indonesia. This study employs a qualitative descriptive approach through a literature review, focusing on fiscal, monetary, and social programs. The results indicate that economic policies in Indonesia have positively impacted income growth and reduced economic inequality, although their effectiveness varies depending on policy implementation. Redistribution policies, such as social assistance and subsidies, have proven effective in reducing poverty levels, consistent with the multidimensional poverty approach suggested by Todaro and Smith. However, challenges related to equitable distribution and accessibility in remote areas remain significant obstacles to achieving inclusive development. This study concludes that Indonesia's economic policies generally align with the development theories presented by Todaro and Smith, but further efforts are needed to enhance policy implementation and effectiveness. Recommendations are provided to improve the distribution of social assistance and increase access for vulnerable groups in order to achieve more sustainable and inclusive development. Keywords: economic policy, income, inequality, poverty, literature review, Todaro and Smith, Indonesia.