ETIKONOMI
Etikonomi is a peer-reviewed journal on Economics, Business and Management by Faculty of Economic and Business State Islamic University (UIN) Syarif Hidayatullah Jakarta.
FOCUS
This journal focused on economics, business, and management studies and present developments through the publication of articles, research reports, and book reviews.
SCOPE
Etikonomi specializes on Economics, Business, and Management, and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
Articles
347 Documents
<![CDATA[Business Valuation of Islamic Banks in Merger Plan To Become An Indonesia’s State-Owned Islamic Bank ]]>
<![CDATA[Khulifa Ahdizia]]>;
<![CDATA[Dian Masyita]]>;
<![CDATA[S. Sutisna]]>
<![CDATA[ ETIKONOMI Vol 17, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v17i2.7238
<![CDATA[Indonesia needs a sizeable Islamic bank to confront the ASEAN Economic Community (MEA) in 2020, so it can compete with existing Islamic banks in ASEAN. Then there was a plan to merge several Islamic banks into Government's Islamic banks. This study aims to analyze from the business valuation point of view about the Islamic bank's merger plan in Indonesia and to calculate the value of synergy if the bank merged. Company valuation used DCF-FCFE method and PBV. Islamic banks those were simulated merged are BSM, BRIS, and BNIS. Based on the study there is a synergy when the three banks merged. So, the merger plan of Islamic bank is feasible.DOI: 10.15408/etk.v17i2.7238]]>
<![CDATA[IMPLEMENTASI GOOD CORPORATE GOVERNANCE SEBAGAI UPAYA MEMINIMALKAN EKSPROPRIASI DALAM MENINGKATKAN KINERJA PERUSAHAAN ]]>
<![CDATA[Dito Rinaldo]]>
<![CDATA[ ETIKONOMI Vol. 11, No. 2, October 2012 ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v11i2.1889
<![CDATA[The aim of this research is to analyze does good corporate governance mechanism had a good function in order to solve the agents problem in Indonesia such as the ekspropriation to minority share holders through panel data regression. The result of this research is institutional and managerial ownership had a positive influence to MLO but not to NPM. Meanwhile, the institutional ownership had a negative influence to PP, this result has a justification that there had been an expropriation in the company. The managerial ownership variable had a positive influence to PP, this result shown that the debt establishment had pushed the company to incrase the income for paying the fixed cost such as interest. DOI: 10.15408/etk.v11i2.1889]]>
<![CDATA[Building Consumer-Based Brand Equity in Retail Banks: A Quantitative Study On a Pakistani Star Bank ]]>
<![CDATA[Afzal Ahmed]]>;
<![CDATA[Suman Talreja]]>;
<![CDATA[Hina Naz]]>
<![CDATA[ ETIKONOMI Vol 17, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v17i2.6728
<![CDATA[Firms are striving to increase their brand equity that ultimately leads to an increase in profitability. The purpose of the study is to identify the causal relationship of endorser's credibility with Brand credibility and its meditating role on consumer-based brand equity in the banking sector of Pakistan. 384 active HBC account holders taken as the sample and data collected through a comprehensive questionnaire. Correlation and regression analysis were conducted to test the factors of attractiveness, expertise, trustworthiness, and popularity on Brand credibility and further its effect on Brand equity. The results suggest that in banking sector firm Expertise of endorser is the most significant factor followed by trustworthiness and popularity that influence brand credibility and attractiveness does not have any impact on brand credibility. The study provides an understanding of brand building strategy, and it also highlights a clear brand differentiation strategy for bank brands.DOI: 10.15408/etk.v17i2.6728]]>
<![CDATA[The Go-Public Policy and Its Impact to the Indonesian Islamic Bank Soundness ]]>
<![CDATA[Aini Masruroh]]>;
<![CDATA[Hasbi Siraj]]>
<![CDATA[ ETIKONOMI Vol 15, No 1 (2016) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v15i1.2410
<![CDATA[The needed of big fund inspired the companies to sell a part of its shares in the capital market. One of methods that used is to be a public company (Go-Public). However, for Islamic banking to be a public company is not main choice. At present, Islamic banking that was listing its shares in Indonesian Stock Exchange is one Islamic banking only. In this research described the comparison financial soundness of Islamic banking pre- Go-Public with post- Go-Public. The used of the analysis was the analysis of financial ratios of components contained in RBBR (Risk-based Bank Rating). Comparing between a financial soundness of Islamic banking pre go-public and post go-public used comparison test Paired-sample t test. The financial soundness condition of Islamic banking pre- and post- Go-Public overall changed to a better level. However, based on the result of further tests, showed that Go-Public policy only influenced to capital factor. DOI: 10.15408/etk.v15i1.2410]]>
<![CDATA[The Determinant of Stock Price: Evidence on Food and Beverage Companies in Indonesia ]]>
<![CDATA[Indo Yama Nasarudin]]>;
<![CDATA[Suhendra Suhendra]]>;
<![CDATA[Luthfia Farida Anggraini]]>
<![CDATA[ ETIKONOMI Vol 18, No 1 (2019) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v18i1.10987
<![CDATA[One aspect that concerns investors in valuing stocks is financial performance. The purpose of this research is to examine the effect of financial performance, firm size, and corporate social responsibility disclosure to the stock price in food and beverage sector companies in Indonesia Stock Exchange. Using a purposive sampling method has done the sample collection method and eleven of eighteen companies, which listed in Indonesia Stock Exchange in the years of 20013-2017, are used as the research samples. The method used in this study was Structural Equation Modeling Partial Least Square (SEM-PLS). The result of the research shows that financial performance, firm size, and corporate social responsibility disclosure affect the stock price. This result implies that the firm should improve the internal factors to increase stock prices.JEL Classification: G23, G32]]>
<![CDATA[Financial Leverage and Firms’ Performance: Empirical Investigation of KSE-100 Index ]]>
<![CDATA[Farhan Ahmed]]>;
<![CDATA[Iqra Awais]]>;
<![CDATA[Muhammad Kashif]]>
<![CDATA[ ETIKONOMI Vol 17, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v17i1.6102
<![CDATA[Capital generation to fund everyday operations and long-term expansions is a constant concerning element in the corporate world. This study aims to investigate the optimal level of capital structure that firms can adopt to improve their financial performance given the industry dynamics and economic circumstances of the country. Using Hausman’s specification test, annual data for the period 2005 – 2014 of Karachi Stock Exchange (KSE) 100 index listed securities has been collected to analyze the impact of financial leverage on the firms’ performance. Return on assets, return on Equity, and TOBIN’s Q are the proxies of financial performance analyzed against financial leverage for the KSE 100 index listed firms. The finding of the paper indicates that capital structure, leverage, interest cover and sales growth as most significant variables impacting firms’ profitability. DOI: 10.15408/etk.v17i1.6102]]>
<![CDATA[Recent Development of Islamic Corporate Social Responsibility ]]>
<![CDATA[Rini Setyaningsih]]>;
<![CDATA[Doddy Setiawan]]>
<![CDATA[ ETIKONOMI Vol 18, No 2 (2019) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v18i2.10807
<![CDATA[This study aims to review the development of research related to Islamic corporate social responsibility in well-known international journals such as the past ten years. The research review based on 42 articles. The 40 articles in international journals, and two articles in nationally accredited journals from 2009 until 2018. The analysis technique used in this study is charting the field method. This study classifies sample articles based on topics, variables, and research methods. The results of the review indicate that the majority of researchers discuss topics other than antecedents, and the consequences are 29 articles, of which 7 of them specifically discuss the measurement of Islamic corporate social responsibility. The antecedent variable dominated by company size and SSB size that calculates for each of 3 articles and the most discussed consequence variable is the financial performance of 3 articles, while the most dominant method used by researchers is an analytical method that counts 18 articles.JEL Classification: G21, M41]]>
<![CDATA[Influence of Transformational Leadership and Work Engagement On Innovative Behavior ]]>
<![CDATA[Nafiah Ariyani]]>;
<![CDATA[Sri Hidayati]]>
<![CDATA[ ETIKONOMI Vol 17, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v17i2.7427
<![CDATA[Innovative behavior, employee engagement and transformational leadership are critical variables that should be the focus of every organization’s this era of rapid technological change. This study aims to determine the effect of transformational leadership and work engagement on innovative behavior in the banking industry in Indonesia. The technique sampling is purposive sampling, so the numbers of samples are 378 people. The Data analysis technique is multiple linear regression analysis. The results show that transformational leadership and work engagement have a significant and positive effect on innovative behavior, in which work engagement as a mediating variable will to the positive influence of transformational leadership on innovative behavior. These findings suggest that it is necessary to apply transformational leadership styles and increase employee engagement to improve innovative employee behavior.DOI: 10.15408/etk.v17i2.7427]]>
<![CDATA[Religiosity and Entrepreneurial Intention ]]>
<![CDATA[Buddi Wibowo]]>
<![CDATA[ ETIKONOMI Vol 16, No 2 (2017) ]]>
Publisher : <![CDATA[Faculty of Economic and Business ]]>
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DOI: 10.15408/etk.v16i2.4963
<![CDATA[Religion and economic activities relationship is an evolving research topic in economics. Secular world-view usually put a side religiosity as just one of non-economic factors. However, religiosity is an important individual characteristic that has significant influence in shaping daily life decisions. Entrepreneurial intentions among undergraduates students need deeper study in order to reveal entrepreneurial intention formation model, intention determinant variables, how those variables interact each other, and how individual religiosity affect intention formation process and intention strength level. Based on Structural Equation Model, personal attitudes and social norms are the most important variables influencing entrepreneurial intentions, besides perceived behavioral control. These three variables are the most important entrepreneurial intentions determinant variable that direcly are influenced by personal beliefs about these factors. Religiosity plays an important role in entrepreneurial intention. Empirical test show that religious student group has stronger personal attitude towards entrepreneurial activity dan perceived behavior control compared to irreligious group.DOI: 10.15408/etk.v16i2.4963]]>
