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SENSITIVITY GAP FORMATION IN ISLAMIC AND CONVENTIONAL BANKS: A COMPARATIVE STUDY OF BANK SYARIAH MANDIRI AND BANK MEGA (2011–2015) Firdaus Askarullah, Muhammad Wasiqul; Hendratmi, Achsania
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 2 No. 2 (2016): JULI-DESEMBER 2016
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (779.474 KB) | DOI: 10.20473/jebis.v2i2.3106

Abstract

The purpose of this study was to determine the position of the gap formed at Bank Syariah Mandiri (BSM) and Bank Mega and analyze the difference in the formation of gap based on the period of sensitivity. This was a quantitative research with comparative study which uses sensitivity gap analysis, independent sample t-test and Mann-Whitney. The data being used was secondary data from Maturity Profile which contained in the Annual Financial Report of BSM and Bank Mega in the periods of 2011-2015. The results showed that in BSM and Bank Mega, cumulatively, the formation of the gap was negative gap. From the results of independent sample t-test and Mann-Whitney known that the formation of the gap in BSM and Bank Mega for a period of sensitivity of ≤ 1 month and> 1-3 months showed a significant difference, while the period of sensitivity> 3-12 months there was no difference significant.
MARKET REACTION OF STOCKS LISTED ON THE JAKARTA ISLAMIC INDEX (JII) TO THE ANNOUNCEMENT OF THE 2017 GOVERNOR OF DKI JAKARTA Sukmaningrum, Puji Sucia; Madyan, Muhammad; Hendratmi, Achsania
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 5 No. 1 (2019): JANUARY-JUNE 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (911.899 KB) | DOI: 10.20473/jebis.v5i1.10087

Abstract

The purpose of this research is to analyze the reaction of investors before and after the announcement of the determination of the Governor of DKI Jakarta in 2017 against abnormal return and trading volume of activity. These studies use quantitative methods of event study. Estimation period is 60 days and research period is 10 days before and 10 days after the announcement. the sample of this research is 30 stocks listed on the Jakarta Islamic Index (JII). The results showed no significant difference against AAR and ATVA before and after the announcement. Investor it is possible already to react before the official announcement of the Election Commission (KPU). Investors could do predictions the election results of the Survey or the quick count.Keywords: Market Reaction, Event Study, Abnormal Return, Trading Volume Activity, Islamic Capital Market.