{"title":"Anaylsis Of Initial Stock Underpricing Phenomenon At Indonesia Stock Exchange","authors":"S. Ahmad","doi":"10.30984/TJEBI.V3I1.658","DOIUrl":"https://doi.org/10.30984/TJEBI.V3I1.658","url":null,"abstract":"AbstrakThe purpose of this study was to analyze the effect of firm size using Debt to Equity Ratio, Return on Assets, and Earning per Share on the level of initial stock underpricing on the Indonesia Stock Exchange.The population in this study were companies that carried out IPOs in 2012 - 2013. Samples were selected using purposive sampling technique, and the sample are 13 companies. Data collection is done by taking company financial report data from the Indonesian Capital Market Directory (ICMD) book and downloading the official website of the Indonesia Stock Exchange. The analytical method used is multiple linear regression analysis with SPSS version 23.0.The results showed that the Company Size had a negative and insignificant effect on the initial stock undepricing level on the Indonesia Stock Exchange. Debt to Equity Ratio has a negative and significant effect on the level of initial stock underpricing on the Indonesia Stock Exchange. Return on Assets has a negative and significant effect on the level of initial stock underpricing on the Indonesia Stock Exchange. Earning per Share has a positive and insignificant effect on the level of initial stock underpricing on the Indonesia Stock Exchange. Keywords: Company Size, Debt to Equity Ratio, Return on Assets, Earning per Share and Underpricing.","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126025136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Comparison The Composite Stock Price Index Before And After Increasing The Investment Grade At Indonesia Stock Exchange","authors":"M. R. D. S. S. D. Salengke","doi":"10.30984/TJEBI.V3I1.655","DOIUrl":"https://doi.org/10.30984/TJEBI.V3I1.655","url":null,"abstract":"AbstractCapital markets are economic entities that have a large influence on economic growth. The capital market is one of the containers of transactions in carrying out economic functions for a country. The growing capital market has caused investors to focus on investing in the Indonesian capital market, especially in the business community. The term investment grade refers to a rating that refers to government or corporate debt, has a low ralative ratio of default or default so that it has a sustainable level of trust in the long term he increase in Indonesia's Investment Grade rating is expected to have a positive impact on the Composite Stock Price Index on the Indonesia Stock Exchange which will attract investors to transact in the Indonesian capital market. Based on the results of the research and discussion that has been carried out in the previous chapter, it can be concluded that there are significant differences in the Composite Stock Price Index 30 days before and 30 days after the Investment Grade rating rises on the Indonesia Stock Exchange. Keywords: Composite Stock Price Index, Investment Grade","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124777715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Stock Price In Retail Company That Applying E-Commerce In Idx","authors":"Salwis Salwis","doi":"10.30984/tjebi.v3i1.661","DOIUrl":"https://doi.org/10.30984/tjebi.v3i1.661","url":null,"abstract":"Abstract Retail companies have an important role in helping the economy of a country, but in the era of globalization like today every company must prepare a new strategy, especially retail companies because they see the current rapid technological developments. They must provide a product service system that is online-based (E-commerce) because the purchasing power or level of public consumption to retail companies decreases due to the provision of products in the online-based business is not inferior to retail companies. The purpose of the research is to find out the differences in the stock price of retail companies on the Indonesia Stock Exchange before and after implementing E-commerce. In this study using a quantitative approach with hypothesis testing using Paired Samples T-Test. The results showed that at PT. Matahari Department Store Tbk there are significant negative differences in stock prices before and after implementing E-commerce, PT. Sumber Alfaria Trijaya Tbk shows that there are no significant negative differences in stock prices before and after implementing E-commerce and PT. Mitra Adiperkasa Tbk shows that there are significant positive differences in stock prices before and after implementing E-commerce. Keywords : Stock Price, Retail Companies, E-Commerce.","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123048804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Teacher Role Of Development Joint Business Cooperation","authors":"Salmira Salmira","doi":"10.30984/TJEBI.V3I1.659","DOIUrl":"https://doi.org/10.30984/TJEBI.V3I1.659","url":null,"abstract":"AbstractThe purpose in study was to determine the teacher role in the cooperation development as a joint effort in the perspective of Islamic economy in KPRI Junior High School 1 of Baraka, knowing the teacher's understanding of cooperation management and sharia-based management in KPRI Junior High School 1 of Baraka. The research method used was qualitative descriptive with a phononology study approach. Data collected by interviewing, observation and documentation techniques. The results showed that the teacher had a role in KPRI Junior High School 1 of Baraka namely the active role of members and the non-active role of members to form a business that established a consumption cooperative that has a shari'ah system. The teacher also has an understanding of cooperation management in the form of Shari'ah which eliminates interest and it funds based on loss and profit sharing, mudarabah contracts, and syirkah.Keywords: The Teachers Role, Cooperation Development, Joint Business","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122501971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Implication Of General Allocation Fund, Special Allocation Fund, Profit Sharing Fund To Inequality The Gross Regional Domestic Product In South Sulawesi Province Period 2006-2014","authors":"Muhammad Azizi","doi":"10.30984/tjebi.v3i1.657","DOIUrl":"https://doi.org/10.30984/tjebi.v3i1.657","url":null,"abstract":"Abstract Research aimed to: (1) the effect of components DAK (Special Allocation Fund) to the reduction of inequality Gross Regional Domestic Product (GRDP) Inter-district in South Sulawesi Province Period 2005-2014; (2) the effect of components DAU (General Allocation Fund) to the reduction of inequality Gross Regional Domestic Product (GRDP) Inter-district in South Sulawesi Province Period 2005-2014; (3) the effect of components DBH (DBH) to the reduction of inequality Gross Regional Domestic Product (GRDP) Inter-district in South Sulawesi Province Period 2005-2014.This study uses secondary data sourced from Statistics South Sulawesi province, data obtained is the result of the final report of the Central Statistics Agency in the form of the GDP of South Sulawesi province, DAU, DAK, DBH and southern Sulawesi province in 2005-2014. Data disnalisis by using SPSS and Williamson Index.The results of this study indicate the results of multiple linear regression above shows that the variable of general allocation funds positive and significant impact on inequality regional South Sulawesi in 2005 s / d 2014, variable special allocation fund a significant negative effect on inequality regional South Sulawesi in 2005 s / d in 2014 and a variable revenue-sharing significant negative effect on regional inequality South Sulawesi in 2005 s / d in 2014;This shows that shows that the magnitude of regional imbalances in South Sulawesi Province happened yet categorized inequality are low because williamson index values <0.03. Keywords: General Allocation Fund, Special Allocation Fund, DBH and Regional Inequality","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132797455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Stock Price At Pt. Telkom Indonesia Tbk Before And After Having Damage On Its Satelit","authors":"Setiawan Saleh, Ridwan Tabe","doi":"10.30984/TJEBI.V3I1.653","DOIUrl":"https://doi.org/10.30984/TJEBI.V3I1.653","url":null,"abstract":"This study aims to determine the stock price of PT Telkom Indonesia Tbk before and after damage to the Telkom 1 satellite. In the telecommunications industry, it is very important to know the financial performance in order to achieve the company's goals. The main goal of the company is to maximize the value of the company. High company value can increase prosperity for shareholders, so that shareholders will invest their capital in the company. The value of the company is reflected in the stock price. In Indonesia the government has a telecommunications industry which is a State-Owned Enterprise (BUMN), namely PT. Telkom Indonesia Tbk, as the most complete information and communication company and telecommunication network service and provider in Indonesia. PT. Telkom Indonesia Tbk has a stock price which increases every year from year to year. Towards the end of 2017 PT. Telkom Indonesia Tbk suffered damage to the Telkom 1 satellite, so PT Telkom Indonesia Tbk transferred its network to Telkom 2 satellite. there is a significant difference in the stock price after the damage to the Telkom satellite 1. The stock price before the damage to the Telkom 1 satellite is Rp. 4,730,67 while the share price after the damage to the Telkom 1 satellite was Rp. 4,704.00, which means a stock price decline after the damage to Telkom 1 satellite. Keyword: Analysis, Stock Price.","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125428763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect Of Mudharabah Financing Income To Profitability (ROA) At PT. Bank Muamalat Indonesia Tbk. Periode 2011-2016","authors":"Sjamsuddin Ak Antuli","doi":"10.30984/tjebi.v3i1.662","DOIUrl":"https://doi.org/10.30984/tjebi.v3i1.662","url":null,"abstract":"AbstractOne of funds allocations in Islamic banking is mudharabah financing. It will generate profits from the calculation for the results. The profit will be shared between the bank and its managing customers. The rate of return on capital can measure the level in profitability of a bank by comparing its profit and capital. The purpose of this study was to examine the effect of mudharabah financing income on the profitability of PT. Bank Muamalat Indonesia Tbk. The method was used quantitative descriptive with analysis technique of simple regression analysis using SPSS version 21. The results showed that simultaneously the p-value value is 0,000 and smaller than the level of significant that is 0.05 which means mudharabah financing income affect profitability simultaneously. Partially, (T test) shows that the value of T count = 4.670> 1.711 T table while the significance value is 0.000 where this number is smaller than 0.05. From the calculation results obtained by the coefficient, b = 0.115 is positive, this means that every time the mudharabah financing income increases by one (1), the average profitability (ROA) will increase by 0.115. This means that mudharabah income has a positive and significant effect on the ROA level partially. Keywords : Mudharabah, Profitability, Return On Assset (ROA)","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"2 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125043845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Comparison The Stock Price At PT. Bank Tabungan Negara (Persero) Tbk, Before And After Applying The E-Blink","authors":"Nana Andani Darmawan Andani Darmawan","doi":"10.30984/tjebi.v3i1.654","DOIUrl":"https://doi.org/10.30984/tjebi.v3i1.654","url":null,"abstract":"Abstract This study aims to find out and analyze stock prices before and after the existence of E-Blink products at PT. Bank Tabungan Negara (Persero) Tbk. The sample used in this study is the closing stock price 30 days before and 30 days after the E-Blink product. The analytical method used Paired Sample t Test with the help of SPSS version 21.0. Hypothesis testing used statistics to analyze changes in stock prices of PT. Bank Tabungan Negara (Persero) Tbk with a significance level of 5%. The results showed that there were significant stock price differences before and after the E-Blink at PT. Bank Tabungan Negara (Persero) Tbk. This indicates the existence of information that is considered positive for investors with the existence of E-Blink products that will increase profits owned by the company and dividends for shareholders or investors. Keywords : Stock Price, E-Blink","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131822274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Participative Leadership At Sma Labschool Kebayoran Jakarta","authors":"Faisal Ade","doi":"10.30984/tjebi.v3i1.660","DOIUrl":"https://doi.org/10.30984/tjebi.v3i1.660","url":null,"abstract":"AbstractThe purpose of this study was to determine the procedures, implementation, constraints and efforts made in participatory decision making planned by the principal at SMA Labschool Kebayoran Jakarta. This study used a naturalistic qualitative approach with data collection techniques in the form of observation, interviews and documentation studies. Data analysis is done by data reduction techniques, data presentation, drawing conclusions and checking the validity of the data.The results showed that the Principal of SMA Labschool Kebayoran Jakarta always made a plan before making a decision by formulating in advance which decision-making procedures were relevant for each problem faced. The participatory decision-making procedures chosen by the principal vary widely, depending on the context. However, there are obstacles faced in the implementation of participatory decision-making procedures, there are teachers and employees who feel that participatory decision making seems slow and the presence of principals is relatively lacking due to their duties and responsibilities outside of school. The efforts made by the head are to give the maximum understanding to the teachers and their employees to prepare data before making decisions so that the impression of being slow can be minimized. In connection with the lack of attendance of school principals, it can be overcome by utilizing the delegation model to their representatives, and besides that, the principal uses the meeting time every week which is led by the headmaster himself.Suggestions in this study for several parties, especially to the principal in improving school productivity, namely the participatory leadership model in the decision-making procedures applied by the headmaster of the Labschool Kebayoran High School Jakarta to be further improved according to the situation and needs of the teachers and employees. Keywords: Parsitipative Leadership, Procedure, Implementation and Decision Making","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122486822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis Of Profitability Before And After Changing The Interest Rate Of Other General Credit At Pt. Bank Sulselbar Centre Office Makassar","authors":"Y. Utami","doi":"10.30984/TJEBI.V3I1.656","DOIUrl":"https://doi.org/10.30984/TJEBI.V3I1.656","url":null,"abstract":"AbstractThe purpose of this research is to find out how to increase profitability before and after changes in other public credit interest rates at PT. Bank Sulselbar Makassar Head Office.The analytical method used is a paired sample T-test analysis of the comparison before and after the change in KUL credit interest rates at PT. Bank Sulselbar Makassar Head Office with the help of SPSS Version 21.0There is a significant difference in Profitability values before and after changes in other public loan rates. The results of the study show that the average profitability value before the change in other public credit interest rates is 32.38% and after the change in other public lending rates by 42.45%. This shows that there was an increase in the average value of profitability of 10.07% due to changes in other public lending rates.Based on the results of the research and discussion that has been done, it can be concluded that the results of the study indicate that there are significant positive differences in the value of profitability before and after changes in other public credit interest ratesKeywords: Profitability, Interest Rate","PeriodicalId":362415,"journal":{"name":"Tasharruf: Journal Economics and Business of Islam","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115366702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}