Claim Missing Document
Check
Articles

Found 2 Documents
Search

ANALYSIS OF INTERNATIONAL BOYCOTT ON STOCK PERFORMANCE AND VALUE OF MANUFACTURING COMPANIES ON THE IDX Wiwit Anisa; Nursetiana, Herni; Yudha Pratama, Versiandika
Berkala Akuntansi dan Keuangan Indonesia Vol. 10 No. 1 (2025): Berkala Akuntansi dan Keuangan Indonesia
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/baki.v10i1.67085

Abstract

This study aims to analyze the impact of international boycotts on stock performance and corporate value of manufacturing companies listed on the Indonesia Stock Exchange (IDX). The method used in this study is a quantitative study with an event study approach, which analyzes market reactions to the boycott event after the issuance of MUI Fatwa No. 83 of 2023 on November 8, 2023. The data used include stock values ​​from Yahoo Finance, trading volume data, and quarterly financial reports of companies published on the IDX. The research sample was taken using a purposive sampling technique, focusing on companies affiliated with Israel that experienced a boycott. The data analysis technique used a normality test, significance test, and paired t-test. The results of this study indicate that the boycott did not have a significant effect on the stock performance of the affected companies, with no decrease in abnormal returns and TVA in the 15-day period after the boycott announcement. In addition, there was no significant decrease in company value, as measured by profitability, namely Return on Assets (ROA). Meanwhile, in measuring liquidity, namely the Current Ratio (CR), there was a significant decline in companies experiencing boycotts.
Analisis Etika Bisnis Pada BMT Mitra Umat: Ketidakmampuan Membayar Tabungan Nasabah Sebagai Bentuk Pelanggaran Kepercayaan Nursetiana, Herni; Azima, Najma; Zulfa, Amalina; Tsania, Afrida; Misidawati, Dwi Novaria; Islami, Putri Prasetya
Ekonosfera: Jurnal Ekonomi, Akuntansi, Manajemen, Bisnis dan Teknik Global Vol. 1 No. 2 (2025): April
Publisher : Yayasan Cendekia Gagayunan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63142/ekonosfera.v1i2.185

Abstract

This research aims to analyse BMT Mitra Umat's inability to pay customers' savings as a form of violation of business ethics, especially the principles of honesty, responsibility, justice, and integrity in Islamic financial institutions. The research uses a qualitative descriptive method with a literature study approach, based on the analysis of Islamic business ethics theory and the concept of customer trust. The results showed that BMT Mitra Umat's inability to fulfil its savings payment obligations had a serious impact on the decline in customer trust and damage to the institution's reputation. This violation of the basic principles of business ethics worsens customer loyalty and potentially threatens the sustainability of the institution's operations. This research recommends the need for increased transparency, improved risk management, financial education to customers, and strengthened internal controls to restore public trust and ensure the sustainability of BMT as a trustworthy Islamic financial institution.