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Tastaftiyan Risfandy
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tastaftiyan.risfandy@staff.uns.ac.id
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INDONESIA
Sebelas Maret Business Review
ISSN : 25280627     EISSN : 25280635     DOI : -
Core Subject : Economy, Science,
SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of article journal presentation. Each article published in SMBR have an outstanding story inside, strong background and contribution, robust analysis and empirical testing, and convincing conclusion and managerial implications. Articles submitted to the SMBR should cover key business disciplines: general management, finance, accounting, marketing, human capital, operations management, entrepreneurship, leadership, strategy, business ethics, Islamic business, and international business. Other topics are welcome, as long as it could stimulate discussions about business. SMBR operate blind review processes for each submitted article to ensure rigorous publishing process.
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Articles 2 Documents
Search results for , issue "Vol 8, No 2 (2023): December 2023" : 2 Documents clear
Do financial ratios affect stock prices in the consumer non-cyclical sector? Ida Rokhyani; Saniman Widodo; Mella Katrina Sari
Sebelas Maret Business Review Vol 8, No 2 (2023): December 2023
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v8i1.77448

Abstract

Maintaining a company's position among its competitors requires significant investment funds. The capital market is an alternative for companies to overcome investment funding constraints. Capital market performance is reflected in the Stock Index, which describes stock price movements. Fluctuating stock index movements indicate that there are things that influence the direction of the index. This research method uses secondary data sourced from the official website of the Indonesian Central Securities Depository (Kustiodian Sentral Efek Indonesia-KSEI), the Indonesian Stock Exchange (Bursa Efek Indonesia-BEI), the Financial Services Authority (Otoritas Jada Keuangan-OJK), and www.investing.com. Thirty-three companies operating in the non-cyclical consumer sector and listed on the Indonesian Sharia Stock Index (ISSI) for the 2018-2022 period are the sample in this research. Furthermore, the approach used in this research is a quantitative method with multiple linear regression analysis tools processed using the SPSS 25.00 program. The results have a positive and insignificant effect, namely the Current Ratio (CR) and Debt to Equity Ratio (DER). On the contrary, Earning Per Share (EPS) and Return On Equity (ROE) are factors that have a positive and significant influence on share prices in the non-cyclical consumer sector recorded in the Indonesian Sharia Stock Index (ISSI) for the 2018-2022 period.
Measuring stability in Islamic rural banks: the influence of bank concentration and capital Desti Indah Pratiwi; Adennia Oktaviana Fadli; Arum Setyowati
Sebelas Maret Business Review Vol 8, No 2 (2023): December 2023
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v8i2.79715

Abstract

The Islamic Rural Bank, commonly referred to as BPRS in Indonesia, is a vital player in the country's economic landscape, providing limited banking services rooted in Islamic principles. BPRS serves as an economic catalyst across various regions, including both urban and rural areas, thereby shaping the level of concentration, capital ownership, and stability in the financial sector. This study centers its focus on BPRS, a unique financial institution that contributes significantly to the nation's economy. The research, conducted throughout Indonesia in 2020 from the first to the fourth quarter, offers fresh insights into BPRS as a subject of study. By employing quantitative methods, the study endeavors to explore the impact of concentration and capital ownership on the stability of BPRS in Indonesia. Interestingly, the findings in this research suggest that concentration levels don't provide a clear explanation of the relationship between BPRS concentration and stability. On the other hand, BPRS capital ownership is positively and significantly related to stability, indicating that a strong capital base enhances the overall stability of these Islamic rural banks. These results offer valuable insights into the financial dynamics of BPRS in Indonesia, providing essential information for policymakers and stakeholders as BPRS continues to drive the nation's economic development.

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