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PROFITABILITAS BANK BRI BERDASARKAN LIKUIDITAS DAN LEVERAGE Rakhmat, Adrianna Syariefur
IKRA-ITH EKONOMIKA Vol 3 No 1 (2020): IKRAITH-EKONOMIKA Vol 3 No 1 Bulan Maret 2020
Publisher : Universitas Persada Indonesia YAI

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Bank memiliki peran penting bagi perekonomian Indonesia yaitu menjagastabilitas keuangan, sistem pembayaran, pengendalian inflasi, serta otoritasmoneter. Bank adalah badan usaha yang menghimpun dana dari masyarakat dalambentuk simpanan dan menyalurkannya kepada masyarakat dalam bentuk kredit.Tujuan dari pemberian kredit antara lain mencari keuntungan yang didapatkandari bunga.Jenis penelitian yang digunakan adalah penelitian kualitatif. Datapenelitian yang dikumpulkan berupa data sekunder, yaitu data triwulan Bank BRItahun 2010 - 2018. Metode analisis data yang digunakan adalah analisis regresilinear berganda untuk mengetahui seberapa besar pengaruh yang terjadi antaravariabel independen (likuiditas dan leverage) terhadap variabel dependen(profitabilitas).Dari persamaan regresi linear berganda yang telah di uji, ditemukan bahwahanya variable likuiditas saja yang memiliki pengaruh negatif dan signifikanterhadap profitabilitas bank BRI. Artinya bila tingkat likuiditas semakinmeningkat, maka profitabilitas akan semakin menurun.

THE INFLUENCE OF RUPIAH EXCHANGE RATE, FIRM SIZE, LEVERAGE AND LIQUIDITY ON HEDGING DECISIONS Rachmat, Adrianna Syariefur; Kustina, Lisa
Journal of Research in Business, Economics, and Education Vol 1 No 1 (2019): October Edition
Publisher : STIE Kusuma Negara

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Companies facing the risk of fluctuations in foreign exchange rates can hedge with derivative instruments such as forward, future, swap and option contracts. The purpose of this study is to determine the effect of exchange rates, firm size, leverage and liquidity on hedging decision making using derivative instruments at state-owned banks listed on the Indonesia Stock Exchange for the period of 2016-2018. The method of determining the sample using purpose sampling technique and obtained 12 samples that meet the criteria and 144 firm-quarter observation. The analysis technique used is regression panel logistics. Based on research results obtained, that if the size of the company increases, the potential for hedging decisions through derivative instruments also increases. As for the level of leverage increases, the potential for hedging decisions through derivative instruments decreases. And if the level of liquidity increases, the potential for hedging decisions through derivative instruments decreases.

CEMENT SUB SECTOR STOCK RETURNS BASED ON ECONOMIC VALUE ADDED AND MARKET VALUE ADDED Kustina, Lisa; Rakhmat, Adrianna Syariefur
Journal of Research in Business, Economics, and Education Vol 1 No 2 (2019): December Edition
Publisher : STIE Kusuma Negara

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The main goal of a company is not to make profit, but to cash. One of the main indicators in generating cash is to maximize the value of the company's shares as a form of giving satisfaction to the company's shareholders. In an effort to achieve this, the company will try to increase cash flow and profits to be obtained. This research is a quantitative and causal associative study that measures the effect of EVA and MVA on stock price returns using panel data regression analysis. The sample in this study is 4 (four) cement companies that have gone public with a time period of 9 (nine) years from 2010 to 2018. The results of this study indicate that the effect of EVA and MVA on stock returns is 11.7% while 88, The remaining 3% is influenced by other variables not mentioned in the model. Based on partial tests, EVA has a negative and not significant effect on stock returns. While MVA has a positive and not significant effect on stock returns.

THE INFLUENCE OF RUPIAH EXCHANGE RATE, FIRM SIZE, LEVERAGE AND LIQUIDITY ON HEDGING DECISIONS Adrianna Syariefur Rachmat; Lisa Kustina
Journal of Research in Business, Economics, and Education Vol. 1 No. 1 (2019): October
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar

Companies facing the risk of fluctuations in foreign exchange rates can hedge with derivative instruments such as forward, future, swap and option contracts. The purpose of this study is to determine the effect of exchange rates, firm size, leverage and liquidity on hedging decision making using derivative instruments at state-owned banks listed on the Indonesia Stock Exchange for the period of 2016-2018. The method of determining the sample using purpose sampling technique and obtained 12 samples that meet the criteria and 144 firm-quarter observation. The analysis technique used is regression panel logistics. Based on research results obtained, that if the size of the company increases, the potential for hedging decisions through derivative instruments also increases. As for the level of leverage increases, the potential for hedging decisions through derivative instruments decreases. And if the level of liquidity increases, the potential for hedging decisions through derivative instruments decreases.

CEMENT SUB SECTOR STOCK RETURNS BASED ON ECONOMIC VALUE ADDED AND MARKET VALUE ADDED Lisa Kustina; Adrianna Syariefur Rakhmat
Journal of Research in Business, Economics, and Education Vol. 1 No. 2 (2019): December
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar

The main goal of a company is not to make profit, but to cash. One of the main indicators in generating cash is to maximize the value of the company's shares as a form of giving satisfaction to the company's shareholders. In an effort to achieve this, the company will try to increase cash flow and profits to be obtained. This research is a quantitative and causal associative study that measures the effect of EVA and MVA on stock price returns using panel data regression analysis. The sample in this study is 4 (four) cement companies that have gone public with a time period of 9 (nine) years from 2010 to 2018. The results of this study indicate that the effect of EVA and MVA on stock returns is 11.7% while 88, The remaining 3% is influenced by other variables not mentioned in the model. Based on partial tests, EVA has a negative and not significant effect on stock returns. While MVA has a positive and not significant effect on stock returns.

Variabel Makroekonomi Sebagai Determinan Saham Properti Adrianna Syariefur Rakhmat
JSMA Vol 12 No 1 (2020): JSMA (Jurnal Sains Manajemen dan Akuntansi)
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi STAN IM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37151/jsma.v12i1.43

High population growth from year to year is one cause of the development of the property sector. These can be considered by the public to invest in stock of the property and real estate subsector. In investing decisions, investors must look at macroeconomic conditions that can affect stock price movements. The puspose of this studying to analyze the effect of macroeconomic factors, namely inflation, interest rates, and the exchange rate of rupiah on the stock price of the property and real estate. This research is a quantitative study using panel data regression analysis method and using software Eviews 10. The data used are monthly data obtained from monthly report of the Indonesia Stock Exchange, Bank Indonesia, and the Central Statistics Agency with the technique of recording or documentation. The sampling technique is done by purposive sampling and obtaining 420 data during 2014-2019 period in 7 property and real estate subsector companies listed on the Indonesia Stock Exchange. The result of this study show partial result, each inflation variable and the rupiah exchange rate has a negative and significant effect on the share price of the property and real estate subsector. While the interest rate variable has a negative but not significant effect on the share price of the property and real estate subsector listed on the Indonesia Stock Exchange during the study period. Keyword: Inflation, Interest Rate, Exchange Rates, Stock Price.

Indonesia Sharia Stock Index and Global Sharia Stock Index Lisa Kustina; Adrianna Syariefur Rakhmat
JURNAL ILMIAH MANAJEMEN & BISNIS Vol 21, No 1 (2020): April - September
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

This study aims to analyze the effect of the Global Sharia Stock Exchange on the Indonesia Sharia Stock Price Index in Indonesia Stock Exchange for the study period of 2016 to 2018. On 31 December 2015, the ASEAN Economic Community began to be implemented, then resulting in a free flow of goods, services, and investments, so this study took samples starting in 2016. Dependent variables used are the Indonesia Sharia Stock Index, while the independent variables are Dubai Financial Market General Index (DFMGI), European Dow Jones Islamic Market Index, (DJIEU), Dow Jones Islamic Market Index 25 USD (Malaysia) and Tadawull All Share Index (Saudi Arabia). While the independent variable used is the Indonesia Sharia stock index (ISSI). The data used are monthly stock index data from all sharia stock indexes in Indonesia, Malaysia, the US, Japan, Dubai, and Saudi Arabia from 2016 to 2018. This research was processed using Eviews 10. The results of this study indicate that partially Dubai Financial Market General Index (DFMGI) and the European Dow Jones Islamic Market Index (DJIEU) have no significant effect on the Indonesia Sharia stock index, while the Dow Jones Islamic Market Index 25 USD (Malaysia) and the Tadawull All Share Index (Saudi Arabia) have a significant effect on the Indonesia Sharia Stock Index.

ANALISIS DAYA SAING ANTARA BANK BUMN DENGAN BANK NON BUMN INDONESIA Adrianna Syariefur Rakhmat
Indonesian Journal of Strategic Management Vol 3, No 1 (2020): Indonesian Journal of Strategic Management
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijsm.v3i1.2816

AbstrakSektor perbankan dalam perekonomian suatu Negara memiliki peranan yang sangat penting dalam kehidupan masyarakat saat ini yang sebagian besar melibatkan jasa dari sektor perbankan. Saat ini berbagai strategi dilakukan oleh pihak bank dalam rangka menarik minat masyarakat untuk menjadikan nasabahnya. Penyedia layanan jasa transaksi ekonomi seperti bank semakin berlomba-lomba untuk memberikan pelayanan yang baik kepada masyarakat. Penelitian ini bertujuan untuk mengetahui daya saing antara bank BUMN dengan bank Non BUMN di Indonesia. Jenis penelitian yang dilakukan menggunakan metode penelitian kuantitatif. Data yang digunakan dalam penelitian ini adalah data sekunder yang diperoleh dari lembaga-lembaga atau instansi - instansi antara lain Bank Indonesia (BI), Otoritas Jasa Keuangan (OJK) dan laporan keuangan bank tahun 2014 - 2016. Sedangkan metode analisis data yang digunakan adalah metode analisis RCA (Revealed Comparative Advantage). Hasil analisis data menunjukkan bahwa Bank BNI merupakan bank yang memiliki keunggulan komparatif yang tinggi (nilai RCA) pada sektor pendapatan operasional dibandingkan bank lainnya. Dan bank BTN memiliki keunggulan komparatif yang tinggi (nilai RCA) pada sektor pendapatan bunga dibandingkan bank lainnya. serta Kondisi Keuangan pada masing-masing kelompok bank bahwa kelompok Bank BUMN adalah lebih baik dari pada kelompok Bank Non BUMN. Kata kunci: Daya Saing, Perbankan, Keunggulan Komparatif. AbstractThe banking sector in the economy of a State has a very important role in the life of the community today that mostly involves services from the banking sector. Currently, various strategies are conducted by the bank in order to attract public interest to make its customers. Providers of economic transaction services such as banks are increasingly vying to provide good service to the community. This study aims to determine the competitiveness of indonesia’s state bank and private bank. The type of research conducted using quantitative research methods. The data used in this study are secondary data obtained from institutions or agencies such as Bank Indonesia (BI), Financial Services Authority (OJK) and Financial statements of banks on 2014-2016. While the method of data analysis is the method of analysis of RCA (Revealed Comparative Advantage). The result of data analysis shows that Bank BNI is a bank that has a high comparative advantage (RCA value) in the sector of operating income compared to other banks. And the BTN bank has a high comparative advantage (RCA value) in the interest income sector compared to other banks. Keywords: Competitiveness, Bank, Comparative Advantage

Pengelolaan Zakat dan Wakaf di Malaysia dan Turki: Studi Komparatif Adrianna Syariefur Rakhmat; Irfan Syauqi Beik
ILTIZAM Journal of Shariah Economics Research Vol. 6 No. 1 (2022): Iltizam Journal of Shariah Economics Research
Publisher : Islamic Economics Department, Faculty of Islamic Economics and Business, UIN SULTHAN THAHA SAIFUDDIN JAMBI

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This paper aims to analyze the management of zakat and waqf in Malaysia and Turkey. This study uses a descriptive-comparative analysis method to describe the similarities and differences in the management of zakat and waqf between Malaysia and Turkey. The results of this study include that zakat in Malaysia is mandatory, while zakat in Turkey is voluntary. Zakat in Malaysia and Turkey are both tax deductible. The Government of Malaysia is involved in the management of zakat, while the Government of Turkey does not participate in the management of zakat. The Government of Malaysia and Turkey both participate in the management of waqf. The ministry involved in waqf management in Malaysia is the ministry of religion, while the ministry involved in waqf management in Turkey is the Ministry of Culture and Tourism. Secularism has a negative influence on the practice of waqf in Malaysia and Turkey. The issue of waqf that should have been handled in a sharia court, however, turned out to be handled by a civil court. Meanwhile, the change in the term waqf to ta'sis in Turkey has resulted in a decrease in the number of waqf collections.

Kritik Terhadap Konsep Dasar Zakatnomics (Indeks Pembangunan Zakatnomics) Adrianna Syariefur Rakhmat; Busaid Busaid
Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Vol 5 No 2 (2022): Article Research Volume 5 Number 2, Juni 2022
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Al-Washliyah Sibolga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36778/jesya.v5i2.770

Zakatnomics is a combination of zakat and economics. In other word, it can be termed as the economics of zakat which examines the concept of economic aspects of zakat in the macro and micro scope. This concept is based on 4 pillars of zakatnomics development, namely (1) faith, (2) productivity, (3) economic justice including the potential for halal industry and (4) Zakat Infaq, Shadaqah and Waqf institutions or ZISWAF. This study is a critical analysis of the Index compiled by the Center for Strategic Studies of BAZNAS, the Zakatnomics Development Index. Based on the 4 pillars of zakatnomics development, only the fourth pillar regarding zakat institutions has not been criticized. While the other 3 pillars have been criticized, although there is a regulatory dimension in the first pillar and a dimension of the government's role in the second pillar that have not been criticized.

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