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All Journal Indonesian Journal of Business and Entrepreneurship (IJBE) JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Jurnal Ekonomi Syariah Teori dan Terapan At-Taqaddum Jurnal Ekonomi dan Bisnis Islam Falah : Jurnal Ekonomi Syariah Jurnal Ekonomi Islam Integritas: Jurnal Antikorupsi International Journal of Supply Chain Management Iqtishoduna: Jurnal Ekonomi Islam Journal of Leadership in Organizations Airlangga Journal of Innovation Management Jurnal Ilmiah Pengabdian dan Inovasi Jurnal Ekonomi Islam
Achsania Hendratmi
Departemen Ekonomi Syariah, Fakultas Ekonomi Dan Bisnis Universitas Airlangga
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Transportation

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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.   
What’s behind digital governance? Uncovering corruption loopholes in e-procurement in East Java Eko Supeno; Nurul Jamila Hariani; Agie Nugroho Soegiono; Achsania Hendratmi; Filidyo Bramanta Adi Santoso; Muhammad Farrel
Integritas: Jurnal Antikorupsi Vol 11 No 2 (2025): INTEGRITAS: Jurnal Antikorupsi
Publisher : Komisi Pemberantasan Korupsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32697/integritas.v11i2.1493

Abstract

Despite the growing presence of digital governance in Indonesia's public procurement system, corruption remains widespread. This study critically examines the limits of electronic procurement (e-procurement) as an anti-corruption instrument, with a focus on procurement processes in East Java Province. This study uses secondary data from the Corruption Eradication Commission's (KPK) Corruption Prevention Integrity Survey (SPI), as well as qualitative insights from focus group discussions (FGDs), in-depth interviews, and direct observations, to demonstrate that digitalization alone does not eliminate procurement corruption. The findings highlight pseudo transparency, in which procurement players exploit regulatory gaps notwithstanding electronic surveillance. Corruption is most frequent in areas with large procurement expenditures, inadequate supervision, and minimal public watchdog participation. The continued presence of favoritism, collusion, and selective vendor nominations, demonstrates that e-procurement may improve procedural transparency but fails to address underlying structural concerns. The study emphasizes the importance of independent supervision systems and leadership commitment to enhancing procurement integrity. By highlighting existing weaknesses in digital procurement systems, this study contributes to policy discussion about increasing governance integrity. It advocates for a resilient anti-corruption ecosystem that includes institutional reforms, increased enforcement, and civil society engagement, in addition to technology solutions.
Co-Authors Achmad Room Fitrianto Ahmad Asy’fin Basthomi Ahmad Fadlur Rahman Bayuny Allen Anandika Rizky Pratama Amirul Taufiqulhakim Andre Kurniawan Arfaq, Fadlulloh Fakhrudin Bahana Wiharjo Baldina, Zain Nahdi Bella Suci Nur Deri Rachmat Rizki Dewi Nuraini, Dewi Didit Prakoso Dwi Swasana Ramadhan Eko Supeno Fachreza Eka Kurnia Fadlulloh Fakhrudin Arfaq Fajar Kristanto Fauziyah Putri Filidyo Bramanta Adi Santoso Fitriani Fitriani Hikmah, Lailatul Irham Zaki Izzani Ulfi Kholison, Rohmatul Farohah Linda Dewi Martiasari Mahmudah, Siti Nur Mahmudah, Siti Nur Moh. Helmy Najih Ramadhan Muhamad Nafik Hadi Ryandono Muhammad Farrel Muhammad Madyan, Muhammad Muhammad Nur Miftakhul Ivanda Muhammad Wasiqul Firdaus Askarullah Muhammad Wasiqul Firdaus Askarullah, Muhammad Wasiqul Nadya Irmania Nurul Jamila Hariani Pertiwi, Tanza Dona Puji Sucia Sukmaningrum Qori Naufallita Rahadian Firdaus Rani, Lina Nugraha Rendy Pambajeng Syahputra Ricky Nuari Ririn Tri Ratnasari Rizal Bagus Pambudi Saiful Anam Samsul Arifin Siti Bunga Fatimah Siti Nur Mahmudah Siti Zulaikha Soegiono, Agie Nugroho Sukmaningrum, Puji Syahrul Mubarrok, Ujang Tika Widiastuti Tjiptohadi Sawarjuwono Uci Wulansari Ulfi, Izzani Wahab, Abd. Wijayanti, Ida Zain Nahdi Baldina Zain Nahdi Baldina Zera Zuryana Idris