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The Impact of Macroeconomic Variables on IHSG and JII: An ARDL Approach Dito Prakoso
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.119

Abstract

The Islamic capital market plays an important role in the growth of the economy in Indonesia. During its development, the performance of the stock index in a country is often influenced by other stock indices in other countries. This study tries to analyze dependance of macroeconomic variable towards Jakarta Islamic Index (JII) and Indonesia Composite Index (IHSG), using Autoregression Distributed Lag (ARDL). The results show that in a short term, the US S&P 500 and Singapore STI price index significantly affect both of the JII and IHSG price index. Also, the exchange rate and crude oil price significantly affect the JII and IHSG, respectively. In a long term, the money supply, exchange rate and Singapore STI price index significantly affect the IHSG.
Determinant Factors of Financial Inclusion: Empirical Evidence in Indonesia using GMM Dito Prakoso
Review on Islamic Accounting Vol. 2 No. 1 (2022): Review on Islamic Accounting
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (228.07 KB) | DOI: 10.58968/ria.v2i1.138

Abstract

Financial inclusion is a process of involving people who do not have access to formal financial services. When a country is financially inclusive, economic activity in a country can depend on banking transactions and have greater financial sustainability and more effective monetary policy. The main objective of this research is to identify the factors that determine the level of financial inclusion in Indonesia and to suggest policy measures to increase the level of inclusion. This research uses the method Generalized Method of Moments (GMM) on 14 sharia banks full-fledge and Islamic bank units in Indonesia in the period 2010 to 2019. The results of this study found that bank size and deposit rates had a positive effect on the level of financial inclusion. Empirical findings also show that inflation has a negative and significant effect on financial inclusion.
Determinant of Islamic Insurance Performance in Indonesia: A GMM Approach Dito Prakoso
Islamic Social Finance Vol. 1 No. 1 (2021): Islamic Social Finance
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.562 KB) | DOI: 10.58968/isf.v1i1.116

Abstract

Profitability is an indicator in measuring the performance of a financial institution, one of which is sharia life insurance. Sharia life insurance profitability can be measured by Return on Assets (ROA). This study aims to analyze the influence of internal and external factors on the profitability of Islamic life insurance in Indonesia. The objects of this study were three full fledge and 15 sharia life insurance business units for the period 2014 to 2018. The research method used was panel data regression analysis dynamic generalized method of moments (GMM). The results showed that leverage and contribution (premium) had a positive and significant effect on the profitability of sharia life insurance.
Impact of The Global Stocks Index on The Shariah And Conventional Stocks Index in Indonesia Dito Prakoso
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (258.8 KB) | DOI: 10.58968/iem.v1i1.113

Abstract

The Islamic capital market plays an important role in the growth of the economy in Indonesia. During its development, the performance of the stock index in a country is often influenced by other stock indices in other countries. This study tries to analyze the dependence of the international stock index towards JII and JCI price, using Autoregression Distributed Lag (ARDL). Results show that there is a long-term cointegration of the global stock index to the Jakarta Islamic Index (JII). On the other hand, there is no cointegration between the global stock index and the Indonesian Composite Stock Price Index (JCI).