Danes Quirira Octavio
Departemen Manajemen Fakultas Ekonomika dan Bisnis Universitas Diponegoro

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Comparing Credit Risk in Islamic and Conventional Banking Using Bank-Level Panel Data Susamto, Akhmad Akbar; Octavio, Danes Quirira; Wardani, Dyah Titis Kusuma
Economica: Jurnal Ekonomi Islam Vol 11, No 2 (2020)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2020.11.2.5027

Abstract

Abstract: This paper investigates if there is a difference in the level of the credit risk of Islamic as compared to the level of credit risk of conventional banks. This paper further investigates the importance of various credit risk determinants and possible differences in how such determinants affect credit risk in Islamic and conventional banking industries. This paper employs dynamic panel regressions using system GMM estimators. The sample includes 11 Islamic and 95 conventional banks in Indonesia throughout 2003-2018. Based on the results, it is concluded that there is no difference in the level of the credit risk of Islamic as compared to that of conventional banks. It is also concluded that credit risk is significantly affected by current and lagged asset size, lagged financing, current profitability, lagged economic growth, and current inflation. The effect of lagged financing, current profitability, and lagged economic growth is different in Islamic and conventional banking.Abstrak: Makalah ini menganalisis apakah terdapat perbedaan antara tingkat risiko kredit pada perbankan syariah dan tingkat risiko kredit pada perbankan konvensional. Makalah ini selanjutnya juga menganalisis signifikansi faktor-faktor yang diduga mempengaruhi risiko kredit dan kemungkinan perbedaan pengaruh faktor-faktor tersebut terhadap risiko kredit pada perbankan syariah dibandingkan pada perbankan konvensional. Makalah ini menggunakan regresi panel dinamis dengan system generalized method of moments (GMM) estimator. Sampel dalam makalah ini mencakup 11 bank syariah dan 95 bank konvensional di Indonesia selama periode 2003-2018. Berdasarkan hasil analisis, dapat disimpulkan bahwa tidak terdapat perbedaan perbedaan antara tingkat risiko kredit pada perbankan syariah dan tingkat risiko kredit pada perbankan konvensional. Begitu pula, dapat disimpulkan bahwa risiko kredit secara signifikan dipengaruhi oleh ukuran aset tahun ini dan tahun lalu, pembiayaan tahun lalu, profitabilitas tahun ini, pertumbuhan ekonomi tahun lalu dan inflasi tahun ini. Pengaruh pembiayaan tahun lalu, profitabilitas tahun ini, dan pertumbuhan ekonomi tahun lalu, secara khusus berbeda pada perbankan syariah dibandingkan pada perbankan konvensional.
MARKET OVERREACTION, SIZE EFFECT ATAU LIQUIDITY EFFECT? STUDI PADA BURSA EFEK INDONESIA Danes Quirira Octavio; I Wayan Nuka Lantara
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan Volume 8 Nomor 1 Tahun 2014
Publisher : Universitas Udayana

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Abstract

This paper examines whether the anomalies of market overreaction and size effect and or liquidity effect occur on the Indonesia Stock Exchange.We also test the anomalies over short period and longer-term period. The  sample of this research comprises of stocks listed in the KOMPAS 100 index from January 2010 – July 2010. The stocks listed in KOMPAS 100 index are considered as active stocks and provide great influence on the movement Indonesian Capital Market Composite Index (IHSG). Stocks are grouped into two portfolio samples: winner portfolio and loser portfolio. Results depict that only market overreaction occurred and only in loser portfolio.We also find that the market overeaction occur only in short period (6 months). We further test the size effect and liquidity effect. The finding shows that size matter in explaining market overeaction on loser portfolio
ANALISIS FAKTOR YANG MEMPENGARUHI KEPUASAN DAN LOYALITAS KONSUMEN PADA BEBERAPA E-COMMERCE Lina Dwi Uluvianti; I Made Bayu Dirgantara; Danes Quirira Octavio
Diponegoro Journal of Management Volume 11, Nomor 6, Tahun 2022
Publisher : Faculty of Economics and Business Diponegoro University

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The benefits of technology in e-commerce activities can be seen as an opportunity, especially for developing countries such as Indonesia. E-commerce does not require a physical store or investment in storage infrastructure as in the retail business sector in general, making it easier for business actors to market products without having to have a physical store. E-commerce products that are of interest to the public in shopping are beauty products. The population in this study are people who have purchased Sociolla, Watsons, and Sephora products at least once to be able to assess the factors that affect satisfaction and loyalty from consumers of Sociolla, Watsons, and Sephora products. The sampling technique used is the nonprobability sampling with a total sample of 150 respondents. The data used in this study is primary data with data collection techniques used in this study is a questionnaire. The data analysis technique used is SEM-PLS.The results of this study indicate that (1) the quality of electronic services has a positive effect on consumer satisfaction. (2) Trust has a positive effect on consumer satisfaction. (3) Satisfaction has a positive effect on consumer loyalty. (4) Satisfaction can significantly mediate the quality of electronic services on consumer loyalty. (5) Satisfaction can significantly mediate trust in consumer loyalty. Based on these results, to increase loyalty, policies and regulations are needed to optimize the quality of electronic services, trust and satisfaction.
ANALISIS PENGARUH KEBERAGAMAN DEWAN DIREKSI TERHADAP KEMUNGKINAN FINANCIAL DISTRESS DENGAN ROA DAN FIRM SIZE SEBAGAI VARIABEL KONTROL (Studi Kasus pada Bank Umum yang Terdaftar di BEI pada Tahun 2016-2020) Dahniar Fara Fatima; Harjum Muharam; Danes Quirira Octavio
Diponegoro Journal of Management Volume 12, Nomor 2, Tahun 2023
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

ABSTRACT This study aims to analyze the relationship between the board of director diversity and financial distress. This research used board of director size, gender diversity, age diversity, and nationality diversity as the independent variable, while financial distress measured with Altman Z-Score was adopted as the dependent variable. This research also implemented control variables using ROA and firm size. The sample used in this study is conventional bank listed on Indonesia Stock Exchange in 2016-2020. A total of 36 conventional banks were used as the sample obtained using the purposive sampling method. The analytical method used in this research is binomial logistic regression analysis using IBM SPSS 25. The result of this study discovered that board of director size has a negative significant effect on financial distress. Meanwhile, gender, age, and nationality diversity does not affect financial distress. The score of Nagelkerke R-Square is 29,1% which means there are 70,9% of factors not included in this research that affect the possibilities of financial distress
ANALISIS PENGARUH STOCK SPLIT, VARIABEL PASAR KEUANGAN DAN ECONOMIC VALUE ADDED (EVA) EMITEN TERHADAP RETURN SAHAM Jenna Tania; Wisnu Mawardi; Danes Quirira Octavio
Diponegoro Journal of Management Volume 12, Nomor 3, Tahun 2023
Publisher : Faculty of Economics and Business Diponegoro University

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ABSTRACT This study examines stock splits, financial market variables, Economic Value Added (EVA) issuers which are likely to have an impact on stock returns. Financial market variables are: Earning per Share (EPS), Trading Volume Activity (TVA), market capitalization, and dividend yield. Data on 41 public companies that carried out corporate actions were collected based on financial reports, annual reports, and data output from bloomberg financial markets laboratory for a period of five years 2017- 2021. IBM SPSS Statistics 21 software is used to examine the relationship between variables: corporate actions, financial market variables, issuers' Economic Value Added (EVA) which are likely to have an impact on stock returns. The results show that most of the financial market variables have no effect on stock returns, except for Earning per Share which has a significant positive effect on stock returns. From this study, it was obtained that the variables used were only able to explain 21.6% of the factors that could affect stock returns. Thus, that there were still 78.4% of other aspects that could be further investigated. Based on the results of the discussion and conclusions, there are suggestions as follows: (1) Conduct research with a sample of issuers from certain sectors. (2) Adding other variables that are able to explain the effect on stock returns. (3) Future research should consider market risk factor as one of the variables.
PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN (Studi pada Perusahaan yang Terdaftar di NIKKEI 225 dan Jakarta Composite Index Tahun 2018-2021) Diani, Amadea Arum; Arfinto, Erman Denny; Octavio, Danes Quirira
Diponegoro Journal of Management Volume 13, Nomor 1, Tahun 2024
Publisher : Faculty of Economics and Business Diponegoro University

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ABSTRACT This research aims to examine the influence of the intellectual capital component on the company’s financial performance of companies listed on NIKKEI 225 and the Jakarta Composite Index for 2018-2021. The intellectual capital components that are tested include human capital (HCE), structural capital (SCE), relational capital (RCE), innovation capital (RDE), dan capital employed (CEE). This research also looks at the differences in the influence of intellectual capital on companies in Japan and Indonesia. The data used in this research is secondary data originating from the financial reports of companies listed on NIKKEI 225 and Jakarta Composite Index (JCI) during the 2018-2021 period. The required data was obtained from Bloomberg. This research uses multiple regression analysis in the SPSS program. The research results show that HCE and RCE have a significant negative influence on the company’s financial performance, while SCE, RDE, and CEE have a significant positive influence on the company’s financial performance. Apart from that, the difference in the influence of intellectual capital concludes that Japan will have worse ROA performance than Indonesia.
Pengenalan Instrumen dan Peningkatan Literasi Keuangan Ibu Rumah Tangga di Lingkungan PCA Kraton Yogyakarta Hartarto, Romi Bhakti; Hajar, Ibnu; Octavio, Danes Quirira; Handayani, Sintia; Sugiarto, Faizmal; Ginanjar, R. Fadhil Muhammad
Journal of Community Development Vol. 5 No. 1 (2024): August
Publisher : Indonesian Journal Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47134/comdev.v5i1.203

Abstract

The housewife has an important role in the family's financial management. They are responsible for regulating spending, saving, and investing to meet the needs of the family. This community empowerment program aims to introduce investment in financial instruments to the members of PCA Kraton so that they can make smart investment choices and avoid the risk of fake investments. The materials being delivered include financial records using SIAPIK application and stock investments using the Magic application. The findings from a one-way t-test for a paired sample of 25 participants showed an increase in the financial literacy score of the PCA Kraton households by 1.80 points with a 5% significance rate. This indicates that community-serving activities were successful in improving the participants' knowledge of family financial planning and investment instruments