Alfalisyado Alfalisyado
Faculty of Economics and Business, Universitas Muhammadiyah Purwokerto

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Sharia-compliant VS Conventional Mutual Fund in Indonesia: An Evaluation Based on Portofolio Performance Alfalisyado Alfalisyado; Ali Akbar Anggara*
Riwayat: Educational Journal of History and Humanities Vol 6, No 3 (2023): Social, Political, and Economic History
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v6i3.34079

Abstract

This study aims to compare performance between Sharia-compliant mutual funds and conventional mutual funds which classified as share mutual funds, fixed-income mutual funds and mixed mutual funds. It observes a 60-month period spanning from 2018 to 2022, evaluating mutual fund performance through key indicators, including return ratio, Sharpe Ratio, Treynor Ratio, Jensen Alpha, and Assets Under Management (AUM). The findings reveal notable differences in the performance of equity, fixed-income, and balanced mutual funds, with Sharia-compliant mutual funds consistently demonstrating superior average performance compared to their conventional counterparts. This study contributes valuable insights to the portfolio literature, offering investors and financial professionals critical information for informed investment decisions.
Sharia-compliant VS Conventional Mutual Fund in Indonesia: An Evaluation Based on Portofolio Performance Alfalisyado Alfalisyado; Ali Akbar Anggara*
Riwayat: Educational Journal of History and Humanities Vol 6, No 3 (2023): Social, Political, and Economic History
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v6i3.34079

Abstract

This study aims to compare performance between Sharia-compliant mutual funds and conventional mutual funds which classified as share mutual funds, fixed-income mutual funds and mixed mutual funds. It observes a 60-month period spanning from 2018 to 2022, evaluating mutual fund performance through key indicators, including return ratio, Sharpe Ratio, Treynor Ratio, Jensen Alpha, and Assets Under Management (AUM). The findings reveal notable differences in the performance of equity, fixed-income, and balanced mutual funds, with Sharia-compliant mutual funds consistently demonstrating superior average performance compared to their conventional counterparts. This study contributes valuable insights to the portfolio literature, offering investors and financial professionals critical information for informed investment decisions.
Financial Ratios and Capital Structure: Moderating Effect of Firm Size Cindy Salawatan Trisyanti; Wida Purwidianti; Erna Handayani; Alfalisyado Alfalisyado
Akuisisi : Jurnal Akuntansi Vol 21, No 2 (2025)
Publisher : Universitas Muhammadiyah Metro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24127/akuisisi.v21i2.2501

Abstract

The study aimed to examine how profitability, liquidity, asset structure, and solvency impact capital structure when moderated by firm size. This research is quantitative research using financial/annual reports with the population of the property and real estate companies listed on the Indonesia Stock Exchange in 2020-2023. The sampling technique used was purposive sampling so that 178 data were obtained with an observation period of four years, processed with IBM SPSS Statistics 26. The findings of this study indicate that liquidity and solvency significantly and positively affect the capital structure, firm size can strengthen liquidity and solvency affect the capital structure, profitability and asset structure have no effect on capital structure, and firm size cannot moderate profitability and asset structure affect the capital structure. The contribution of this research can be useful for investors and companies in making funding decisions. It is recommended for further researchers to repeat the study with a larger dataset or use data from different periods to validate the results.