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EKONOMI, KEUANGAN, INVESTASI DAN SYARIAH (EKUITAS)
Published by Forum Kerjasama Pendidikan TInggi
ISSN : -     EISSN : 2685869X     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
1. Auditing, 2. Financial Management, 3. Marketing Management, 4. Strategic Management, 5. Organizational Behavior, 6. Operations Management, 7. Change Management, 8. Management of Sharia, 9. Knowledge Management 10.Entrepreneurship, 11.E-Business, 12.Business Management, 13.Capital Market, 14.Risk Management, 15.Syariah banking, 16.Economics of Sharia, 17.Islamic Capital Market, 18.Financial accounting, 19.Managerial accounting, 20.Behavioral accounting, 21.Tax accounting, 22.Public Sector Accounting, and 23.Syariah accounting
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 30 Documents
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Search results for , issue "Vol 6 No 3 (2025): February 2025" : 30 Documents clear
Reaksi Pasar Modal terhadap Fluktuasi Nilai Tukar Rupiah dan US Dollar di Sektor Perbankan Rasyid, Syarifuddin; Darmawati, Darmawati; Tandilino, Charles; Irianto, Laode Bagus Wijaya
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6391

Abstract

This research aims to analyze the market reaction due to fluctuations in the exchange rate of the Rupiah and the US Dollar on the stock prices of the banking sector listed on the Indonesia Stock Exchange using the event study method through the indicators of Average Abnormal Return (AAR) and Average Volume Trading Activity (AVTA). The data collection technique is secondary data obtained from official sources, namely the Indonesia Stock Exchange (IDX) and Yahoo Finance. The population that became the study sample consists of 46 banking sector companies listed on the IDX, with an observation period of 15 trading days. Statistical testing was conducted using the SPSS statistical tool with a paired sample t-test. The results of the paired sample t-test showed that the significance value for AAR was 0.596 and for AVTA was 0.519 (p > 0.05), indicating no significant difference between the averages before and after the event. Additionally, descriptive analysis shows a stability pattern in both indicators, reflecting the market's response to the event without any significant spikes. These findings affirm that the banking sector has a high resilience to events of rupiah exchange rate fluctuations, making it a key pillar of the capital market that provides stability and liquidity to the financial system. This research recommends extending the observation period and exploring the impact of monetary policy to understand the dynamics of the relationship between exchange rate fluctuations and the performance of the financial sector.
Pengaruh DER, NPM dan Free Cash Flow Terhadap Kebijakan Dividen Bank Syariah di Indonesia Nulhakim, Irvan; Hardiansyah, Hardiansyah; Khatimah, Husnul
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6497

Abstract

This study aims to examine the factors influencing dividend policy in Islamic banks listed on the Indonesia Stock Exchange (IDX) during the 2018–2023 period. A quantitative approach was employed in this research. The independent variables selected include the debt-to-equity ratio (X1), net profit margin (X2), and free cash flow (X3), while the dependent variable is the dividend policy. Secondary data was utilized, and the sample consisted of all Islamic banks listed on the Indonesia Stock Exchange. The findings reveal that the debt-to-equity ratio and free cash flow have a positive and significant effect on dividend policy, with t-statistcs is 4,30 and 3,76, whereas the net profit margin has no significant effect. Simultaneously, all independent variables in this study exhibit a positive and significant impact on dividend policy, f-statistics is 38,10. The results of this research are expected to serve as a valuable reference for stakeholders in Islamic banks and future studies related to dividend policy.
Pengaruh Kinerja Keuangan Terhadap Pertumbuhan Ekonomi Inklusif Melalui Human Development Index Widodo, Dhian Puteri; Isnowati, Sri
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6597

Abstract

This study aims to examine the effect of financial performance on inclusive economic growth through the human development index in Central Java Province. There are 35 districts / cities that are sampled with a period of five years, namely 2018-2023. In this study, financial performance is measured by regional financial independence, regional financial effectiveness, and harmonization of regional expenditures, while inclusive economic development is measured using the IPEI. This study was conducted with regression tests with a random effect approach and path analysis. The results show that financial performance in the form of the degree of fiscal decentralization, harmonization of regional expenditure has a significant positive influence on inclusive development and HDI. Meanwhile, the effectiveness of PAD has a significant positive effect on inclusive development but a significant negative effect on HDI. The results of path analysis show that HDI plays a significant mediating role between DDF, EFE, BO, and BM in relation to IPEI. HDI has a significant positive effect on IPEI with a p-value of 0.000, indicating that an increase in HDI promotes inclusive economic development. Indirectly, DDF, BO, and BM also show significant positive effects on IPEI through HDI, with p-values of 0.000, 0.000, and 0.0032 respectively. However, EFE shows a significant negative relationship with IPEI through HDI, with a p-value of 0.000, indicating the need for more effective management of PAD to support human development.
Pengaruh EVA, MVA, dan REVA Terhadap Kinerja Keuangan Pada Perusahaan Farmasi di BEI Andrinaldo, Arisky; Apandi, Apandi; Fahdillah, Lidya
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6638

Abstract

The purpose of this study was to determine the effect of Economic Value Added (EVA), Market Value Added (MVA), and Refined Economic Value Added (REVA) on financial performance in pharmaceutical companies listed on the Indonesia Stock Exchange (IDX). The independent variables used are Economic Value Added (EVA), Market Value Added (MVA), and Refined Economic Value Added (REVA) the dependent variable used is financial performance. The population in this study were pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) in the period 2018-2022. The sampling method used was the purposive sampling method with a sample of 9 companies during the 5-year observation period. The analysis method of this study uses Quantitative. The results of this study indicate that Economic Value Added (EVA) partially has no significant effect on Financial Performance in pharmaceutical companies listed on the IDX. Market Value Added (MVA) does not have a significant effect on Financial Performance in pharmaceutical companies listed on the IDX. While REVA has a significant effect on Financial Performance. While EVA, MVA, and REVA simultaneously have a significant effect on Financial Performance
Faktor-Faktor Yang Mempengaruhi Minat Generasi Z Terhadap Niat Menggunakan Pinjaman Online Al Rahma, Nabillah Zakia; Wibowo, Purwo Adi
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6665

Abstract

This research aims to analyze the influence of perceived ease of use, perceived usefulness, and social influence on the behavioral intention of Generation Z in Jepara Regency in using online loan services. The population in this study was all Generation Z in Jepara Regency, with a sample size of 100 respondents obtained through random sampling techniques using the Slovin formula. Primary data was collected through questionnaires and analyzed using Structural Equation Modeling (SEM) based on Partial Least Square (PLS). The research results show that perceived ease of use has a significant effect on Generation Z's behavioral intention in using online loan services with a P value of 0.008. This indicates that the easier a technology is to use, the higher the user's interest in adopting it. Apart from that, perceived usefulness was also proven to have a significant influence with a P value of 0.000, which means that individuals are more likely to use online loan services if they feel clear benefits from using them. On the other hand, social influence has no effect on behavioral intention, as evidenced by the P value of 0.404, which shows that Generation Z's decision to use online loan services is more influenced by individual factors than social pressure.
Analysis of Corruption Behavior and Good Government Governance Nasution, Dito Aditia Darma; Sianipar, Martin Yehezkiel; Welly, Yerisma
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6722

Abstract

The regional government system is always improving from time to time in order to realize good regional government for all people in the region. Regional governments have made efforts to realize good government governance through policy making. For various reasons, good government governance is considered an ideal concept to be implemented in local government. This research aims to analyze corrupt behavior in local government, especially in Aceh, and analyze good government governance in Aceh. This research method uses qualitative descriptive analysis with a literature review approach. We analyze the phenomenon of corruption conditions in Aceh based on document data combined with concepts and expert studies. The research results show that corruption in Aceh involves office holders at the regional level. Apart from that, what is more worrying is that corruption can even penetrate law enforcement, which is supposed to be the enforcer of justice. The emphasis on community participation in regional government is in line with the democratic system implemented in Indonesia. The community's contribution to regional government will certainly have a good impact on regional government itself. Regional government efforts to realize good government governance are carried out by implementing bureaucratic reform, implementing bureaucratic reform both in terms of institutions, procedures and human resources. Apart from that, another regional government effort in implementing good government governance is information disclosure.
Pengaruh Rasio Keuangan dan Value Added Human Capital Terhadap Profitabilitas Perusahaan Infrastruktur Oktora, Boni; Abdullah, Abdullah
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6754

Abstract

The purpose of this research is to test and close the knowledge gap on how Current Ratio, Cash Turnover Ratio, Debt to Asset Ratio, Total Asset Turnover and Value Added Human Capital affect profitability determined by Return on Assets in infrastructure companies listed on the Indonesian stock exchange in 2014-2023. This research uses quantitative methods with panel data regression analysis. Purposive sampling was used to select 25 companies as samples, resulting in a total of 250 observations. After considering outlier statistics, 182 observations remain that can be used in the analysis. The regression results show that CR has no significant effect on ROA with a p-value of 0.9174, while CTR shows a significant but negative effect with a p-value of 0.0044. DAR also has a significant negative effect with a p-value of 0.0000. In contrast, TATO and VAHU have a significant positive effect on ROA with the same p-value of 0.0000. The study emphasizes that efficient asset management and optimization of human resources can increase a company's profitability, while high liquidity and dependence on debt need to be managed wisely to prevent adverse impacts on financial performance.
Analisis Pengelolaan Dan Inklusi Terhadap Keputusan Menjadi Nasabah Bank Syariah dengan Literasi Pada Gen Z Hasanah, Muti Atul; Nugroho, Firsta Agdies Eka
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6793

Abstract

This research aims to analyze the influence of sharia financial management and sharia financial inclusion on the decision to become a Syariah Bank customer to moderate sharia financial literacy among Gen Z in West Java province. The sample in this research analysis is Gen Z who have become customers of Sharia Bank in West Java province with a total sample of 400 Gen Z. The analysis method for this research uses a descriptive quantitative approach with the SEM-PLS analysis technique, there are three stages in using PLS, namely weight estimate , path estimate, and regression constant value. The research results show that financial management (X1) and sharia financial inclusion (X2) have a significant positive effect on sharia financial literacy (Z) with t-statistics values ​​of 6,727 (X1) and 6,287 (X2), respectively, both of which are greater than 1.96, and p-value 0.000 (<5%). Sharia financial literacy (Z) also significantly influences the decision to become a customer (Y) of Sharia Bank with a t-statistics value of 6.467. Financial management (X1) and sharia financial inclusion (X2) directly influence the decision to become a customer (Y) with t-statistics values ​​of 4.017 and 4.239 respectively. In addition, sharia financial literacy (Z) mediates the influence of financial management (X1) and sharia financial inclusion (X2) on the decision to become a customer (Y), with t-statistics values ​​of 4.413 and 4.747 respectively, showing a strong and significant influence on Gen Z in West Java.
Pengaruh Literasi Keuangan, Motivasi Keuangan, Kemajuan Teknologi, Sosial Media Terhadap Minat Investasi Generasi Z Sari, Shinta Yulita; Wibowo, Purwo Adi
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6809

Abstract

This study aims to analyze the influence of financial literacy, financial motivation, technological advances, and social media on the interest in investing in the capital market among Generation Z in Jepara Regency. In this research, a quantitative approach was used with a population of 388.337 Generation Z in Jepara Regency. The sample selection technique used was purposive sampling, and during the research period 100 respondents were obtained. Primary data in this research was obtained through distributing questionnaires, while secondary data consisted of previous research and information that supports the research results. The analysis technique used is multiple linear regression and data processing using SPSS 25. The findings in this research state that the variables of financial literacy, financial motivation, technological progress and social media are proven to have a positive and significant influence on interest in investing in the capital market for Generation Z. in the Jepara Regency with a calculated t value > 1.660 and a significance probability value < 0.05. Generation Z in Jepara Regency shows great interest in investing in the capital market, which is driven by increased understanding of finance, technological advances, and the role of social media in providing information and making it easier to access investment online.
Pengaruh Modal Finansial, Modal Manusia serta Teknologi Terhadap Pertumbuhan Inklusif di Indonesia Azzahra, Nadzvira; Suseno, Deky Aji
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6822

Abstract

High economic growth does not always positively correlate with equitable welfare improvement. Inclusive economic development is needed, emphasizing economic growth that not only increases per capita income but also provides broader and more equitable benefits. This study analyzes the influence of financial capital, human capital, and technology on inclusive economic development, with infrastructure as an intervening variable. The research employs a quantitative method across 34 provinces in Indonesia over eight years, from 2016 to 2023. The data utilized in this study consists of secondary data sourced from the Central Statistics Agency (Badan Pusat Statistik or BPS) and the Directorate General of Fiscal Balance (Direktorat Jenderal Perimbangan Keuangan or DJPK). The study is grounded in endogenous economic growth theory, public finance theory, and Amartya Sen's capability approach. Data analysis uses the Partial Least Square (PLS) method with WarpPLS 7.0 software. The results indicate that financial capital contributes positively to inclusive economic development and infrastructure, with coefficient values of 0.63 and 0.52, respectively. Furthermore, human capital and infrastructure also have a significant positive impact on inclusive economic growth, with coefficient values of 0.10 and 0.16, respectively. Meanwhile, technology exhibits a positive but not significant influence on inclusive economic development, with a coefficient value of 0.06.

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