Detri Heri Gemita
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Macroeconomic Impacts on Profit Growth in Indonesian Islamic Banking Muryani Arsal; Sri Nurpiana Arta; Aulia Nurazizah Putri Syarif; Detri Heri Gemita
IECON: International Economics and Business Conference Vol. 2 No. 1 (2024): International Conference on Economics and Business (IECON-2)
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/r4ccsv79

Abstract

This study investigates the effect of inflation, exchange rates, and GDP on the profit growth of Indonesian Islamic banking firms. Islamic banks operate under a profit-sharing model, differentiating them from conventional banks, which are more susceptible to interest-based fluctuations. Using quantitative analysis, this study collected secondary data from the Indonesia Stock Exchange and Bank Indonesia to assess profit growth and macroeconomic variables. Regression analysis and diagnostic tests were performed to evaluate the relationship between these macroeconomic factors and profit growth. The results reveal that inflation, exchange rates, and GDP  do not significantly affect profit growth in Indonesian Islamic banks. This outcome suggests that Islamic banks may exhibit a natural resilience against common economic pressures due to their unique profit-sharing structure. Unlike conventional banks, Islamic banks appear less influenced by fluctuations in inflation or currency values, providing a potential advantage in emerging markets characterized by economic volatility. The findings imply that Islamic banks offer stability for investors and policymakers during periods of macroeconomic uncertainty. This study contributes to the literature on Islamic banking by offering empirical insights into how macroeconomic factors interact differently with profit growth in this sector. Future research could extend this analysis to conventional banks for comparative insights or explore additional variables affecting Islamic banks' performance over longer time horizons.
Evaluation of stochastic oscillator and parabolic sar technical indicator performance in investment strategy decision-making Detri Heri Gemita; Asri Usman; Mediaty; Nur Huzaemah
E-Jurnal Akuntansi Vol. 35 No. 11 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The capital market plays an important role in the economy, with stocks as the main investment instrument that has the potential for high returns as well as fluctuating risks. To reduce risk, technical analysis is used through leading and lagging indicators to predict price direction. This study aims to compare the performance of the Stochastic Oscillator as a leading indicator and the Parabolic SAR as a lagging indicator in supporting stock investment decisions. The research method uses a descriptive and comparative quantitative approach with daily stock price data from the IDXGrowth30 index for the 2024 period. The analysis includes accuracy, profitability, and risk, which are tested using a t-test and Welch's t-test. The results show that the Stochastic Oscillator has an accuracy of 78.12%, a cumulative return of 1,112.10%, and a risk of -17.27%, while the Parabolic SAR has an accuracy of 30.56%, a cumulative return of -100%, and a risk of -5,332.09%. The conclusion shows that the Stochastic Oscillator is statistically and empirically superior in generating accurate signals, high profits, and lower risk.