UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Domestic Credit and Inflation Rate Shock: A New Empiric Evidence from Nigeria
Get PDFThe study evaluates the relationship between domestic credit and Nigeria\u27s inflation rate analysing data spanning from 1986 through 2020. The research is ex-post in nature, hence the study employed statistical analysis models to build a predictive assessment for inflation, leveraging on the Autoregressive distributed lag model (ARDL) and the Granger Causality test to ascertain the magnitude of the association and the direction of causation, separately. The study confirms the complexities of Nigeria\u27s relationship between domestic credit and inflation, with economic growth maintaining a positive and insignificant relationship with inflation (INF), while credit to the private sector (CPS) and interest rates have a negative and insignificant relationship with inflation in the long run. Furthermore, in the short run the coefficient of error correction model showed a negative sign, suggesting a short run effect between inflation rate and domestic credit. The findings reaffirm the one-way relationship between inflation and private sector domestic credit. It is advised that funding tools be used efficiently and effectively to fulfil desired investment, competitiveness, and economic growth drives
Equal Distribution of National Income through the Concept of Green Economy: an Exploratory Studies
Get PDFThe initiation of national economic growth gives the government a focus on handling economy equally in both rural and urban areas. The considerations that make the economy must be sustainable among others which the current generation who enjoys goods and services produced from natural resources and the environment has a moral obligation to leave the services of these natural resources for future generations. The aim of this research is initiated to promote equitable economic growth through the conservation of natural resources that can be used sustainably from each generation. The approach used in this research is qualitative with exploratory study method. The analysis technique used is literature search and case analysis related to the entity of equal distribution of national income and the green economy concept. The results of this study indicate that there are seven strategic steps and green economy using macro-regional economic indicators namely genuine saving to monitoring the distribution of national income. This result is to describe concepts of green economy, green growth and green development are basically intended to operationalize the linkages of economic, social and environmental pillars in the context of sustainable development
The Influence of Financial Distress, Leverage, Firm Size, and Profitability on Accounting Conservatism
Get PDFPurpose: This study aims to examine and analyze the effect of financial distress, leverage, firm size, and profitability on accounting conservatism.
Methodology: The research sample this time is manufacturing companies listed on the Indonesian sharia stock index for 2017–2021. The method used in this study is panel data regression. This study uses the Fixed Effect Model as the best model in the study.
Findings: This test found that the variables financial distress and profitability have a significant positive effect on accounting conservatism. Meanwhile, leverage and firm size have no effect on accounting conservatism.
Novelty: This study continues previous research by using different samples and populations and adding an independent variable
Factors Affecting Dividend Policy in Manufacturing Companies on IDX in 2016-2020 (Empirical Study on Manufacturing Companies listed on the Indonesia Stock Exchange)
Get PDFResearch Aims: This study aims to analyze Factors Affecting Dividend Policy in Manufacturing Companies on IDX in 2016-2020(Empirical Study on Manufacturing Companies listed on the Indonesia Stock Exchange).
Methodology: The dependent variable of this study is dividend policy while the independent variables are Profitability, Free Cash Flow, Firm Size, Managerial Ownership. The population of this study are manufacturing companies listed on the Indonesia Stock Exchange in 2016-2020. The sampling technique used was purposive sampling method. Based on the selected criteria, 170 samples of manufacturing companies were obtained. This research uses multiple linear regression analysis technique.
Research Findings: The results of this study indicate that: (1) Profitability has a positive and significant effect on dividend policy, (2) Cash Ratio has no effect on dividend policy, (3) Firms Size on dividend policy, (4) Managerial Ownership on dividend policy.
Theoretical Contribution: This study contributes theoretically to understanding dividend policy factors in manufacturing companies on the Indonesia Stock Exchange (2016-2020), confirming dividend policy theory, considering company size, correcting cash ratio assumptions, and developing understanding of managerial ownership.
Implication: implications offer practical insights for financial management, strategic decision-making, corporate governance, investor relations, and policymaking in the context of dividend policies for manufacturing companies on the Indonesia Stock Exchange.
Sale-Based vs Leased Based Contracts in House Financing Default
Get PDFThis study examines the relationship between FTV and house financing default, as well as the short and long-term effects on housing and apartment defaults. It also examines the extent to which Islamic banks implement suitable contracts for housing and apartment defaults, whether sale-based or lease-based. The data used in this paper is monthly time series data from 2015 to 2021. The finding of this study shows that the FTV policy in small houses and apartments (22-70 m2) positively significantly influences the house financing default in sale-based and lease-based contracts in both short and long-term periods. Moreover, the FTV policy in leased-based contracts has a significant influence on the house financing default in a big house (>70 m2) in a short-term period
Testing the Conditional Correlations and Volatility Spillovers between US and ASEAN Islamic Stock Markets: A Multivariate GARCH Analysis
Get PDFThis study examines the conditional correlations and volatility spillovers between the US and ASEAN Islamic stock markets. The empirical design uses MSCI (Morgan Stanley Capital International) Islamic indexes as it adopted stringent restrictions to include companies in the sharia list. By using three multivariate GARCH models (BEKK, diagonal VECH, and CCC model), we find evidence of returns and volatility spillovers from the US to the ASEAN Islamic stock markets. However, as the estimated time-varying conditional correlations and volatilities indicate there is still room for diversification benefits, particularly in the single markets. The Islamic MSCI of Thailand, Indonesia, and Singapore are less correlated to the US MSCI Islamic index. The implication is that foreign investors may benefit from the reduction of risk by adding Islamic stocks in those countries
Fiscal Decentralization and its Effect on Poverty Alleviation: Case Study of Indonesia
Get PDFThis research provides empirical evidence of the effect of fiscal decentralization on poverty alleviation and used data from 505 districts/cities in Indonesia from 2010 to 2019. The poverty rate is used as an indicator to measure the social condition of the area with the parameter of the percentage of the total population below the poverty line, while the fiscal decentralization indicator uses approach to the size of the ratio of PAD to total regional income and expenditure. The estimated results used the fixed effect model shows that fiscal decentralization have significant role to reduce the level of poverty in districts/cities nationally. From this estimation result, the recommended policy formulation is pro-poor fiscal decentralization through strengthening regional financial capacity, both optimizing Original Local Government Revenue (PAD), allocating Transfer Funds to Regions that are specific grants, improving the quality of spending and regional financial management, as well as mechanisms monitoring - better evaluation. In addition, the effectiveness and efficiency of regional government policies in dealing with socio-economic issues such as unemployment and growth population must also be considered
Kaji Dampak Pembangunan Infrastruktur Transportasi Terhadap Pertumbuhan Inklusif Ekonomi Regional
Get PDFThe development of good transportation infrastructure (freeways) will greatly help the development of a region, business or business activities in an area will be increasingly stretched along with the better availability of road infrastructure which is access to the area. one of which is the construction of a freeway in Lampung province as the gateway to the island of Sumatra. This research wants to know how the impact of transportation infrastructure development has on regional economic inclusive growth. The research method used is quantitative with the Paired Sample t-Test and Wilcoxon and multiple regression using the Random Effect Model. The results of this study reveal that of the five variables, only the GRDP variable has no significant changes. Then the results of the regression test before the presence of the freeway showed that there was a significant influence on the human development index on GRDP, while the results after the freeway had an influence, namely the variable human development index, and labor force participation
The Influence of CAR, FDR, Inflation, GDP, Mudharabah Financing, and Musyarakah Financing on NPF of Islamic Commercial Banks in Indonesia
Get PDFIslamic finance in Indonesia has shown significant development. The development of Islamic finance will increase the growth of Islamic banks and further gives more positive impacts. However, with the development of Islamic banks, financing risks cannot be avoided because the strategic function of banks is to distribute funds to the public for the sustainability of the country\u27s economy and the welfare of the community. This study aims to determine the effect of Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), inflation, Gross Domestic Product (GDP), Mudharabah financing, and Musyarakah financing on the financing risk of Islamic commercial banks in Indonesia for the period of 2015-2021. In contrast to the previous study, this research also sheds light on the zakat instrument as one of the GDP variables. This research is quantitative using multiple linear regressions. The sampling technique used is a purposive sampling technique with eight Islamic commercial banks, out of 14 as the population, taken as the sample. The results of this study indicate that CAR, FDR, and inflation have a significant negative effect on Non-Performing Financing (NPF). While, GDP and Mudharabah financing have a significant positive effect on NPF
COVID-19 Pandemic and its Effect on the Business Development Center UIN Sunan Kalijaga Yogyakarta: An Islamic Management Strategy
No full textThe COVID-19 pandemic has had a significant effect on various business sectors, including the Business Development Center (BDC) at UIN Sunan Kalijaga, which serves as a business management institution at the university. This study aimed to assess the effect of the COVID-19 pandemic on UIN Sunan Kalijaga\u27s revenue from business sectors managed by the BDC. Additionally, the study aimed to demonstrate how UIN Sunan Kalijaga employed crisis management to respond to the pandemic\u27s effect through various efficiency efforts and optimization of alternative financial aspects. By implementing Business Continuity Management (BCM), Emergency Response Plan (ERP), and Business Contingency Plan (BCP), BDC UIN Sunan Kalijaga Yogyakarta was able to maintain its existence in the first year of the pandemic by posting profits and continued with a positive trend in subsequent years. The findings of this study can be applied practically by providing a business model in times of crisis to ensure the company’s survival.
Originality/Value: This study is original in examining the resilience of a university-based business management institution during the COVID-19 crisis, a context rarely explored in crisis management literature. By integrating Business Continuity Management (BCM), Emergency Response Plan (ERP), and Business Contingency Plan (BCP), it demonstrates how UIN Sunan Kalijaga’s Business Development Center sustained profitability and adapted effectively. The findings provide a practical business model for organizations seeking survival strategies in times of crisis, offering both theoretical enrichment and actionable guidance