Macroeconomic Variable and Its Influence on Performance of Indonesian Islamic Banking

Pratama, Yoghi Citra

doi:10.15408/ijies.v7i1.1359

Cited by 2 publications

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“…They found that the Indonesian Islamic stock market was very much influenced by the international Islamic stock markets. Using similar technique of analysis, Pratama (2015) explored the impacts of macroeconomic variables to the performance of Islamic banks in Indonesia for the period 2007-2012. He found that the performance of Islamic banks having short-term shocks to the innovations of macroeconomic variables, but it become stable in the long-run.…”

Section: Gordon Growth Model Had Simplified the Valuation Of Stock Asmentioning

confidence: 99%

The Short-Run And Long-Run Relationship In The Indonesia Islamic Stock Returns

Majid

2016

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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The Short-Run and Long-Run Relationship in Indonesia Islamic Stock Returns. This paper aims at empirically examining the short-run and long-run causal relationship between the Indonesian Islamic stock returns and selected macroeconomic variables namely inflation, money supply and exchange rate during the pre-and post-2008 global financial turmoil period from 2002 until 2007 and from 2008 until 2013 by using monthly data. The methodology used in this study is time series econometric techniques i.e. the unit root test, cointegration test, error correction model (ECM) and variance decompositions (VDCs). The findings showed that there is cointegration between Islamic stock prices and macroeconomic variables. The results suggest that inflation, money supply, and exchange rate significantly affected the Islamic stock returns in Indonesia. These variables should be taken into account by the policy makers as the important policy instruments in stabilizing Islamic stock markets in the country. Abstrak. Hubungan Jangka Pendek dan Jangka Panjang Pada TingkatPengembalian Saham di Indonesia. Tulisan ini bertujuan untuk menguji secara empiris hubungan kausalitas jangka pendek dan jangka panjang antara pasar saham Syari'ah dengan variabel makroekonomi terpilih, yaitu inflasi, permintaan uang, dan valuta asing di Indonesia pada periode sebelum dan sesudah krisis keuangan global 2008. Data bulanan selama periode sebelum krisis global (2002 -2007) dan periode setelah krisis (2008 -2013) dianalisis dengan menggunakan teknis ekonometrik runtut waktu yang terdiri dari uji unit root, kointegrasi, model error correction, dan dekomposisi varians. Hasil penelitian menunjukkan bahwa pasar saham Syari'ah berkointegrasi dengan variabel makroekonomi. Inflasi, penawaran uang, dan valuta asing berpengaruh signifikan terhadap pasar saham Syari'ah. Ini menunjukkan bahwa dalam rangka menstabilisasikan dan sekaligus mempromosikan pasar saham Syari'ah di Indonesia, pengambil kebijakan harus fokus pada pengendalian inflasi, jumlah uang yang beredar, dan valuta asing.

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Section: Gordon Growth Model Had Simplified the Valuation Of Stock Asmentioning

confidence: 99%

The Short-Run And Long-Run Relationship In The Indonesia Islamic Stock Returns

Majid

2016

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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“…There are also external factors that affect the company's financial performance, namely macroeconomic variables (Pratama, 2015). It is of course also important to know the impact on Islamic banking activities because external factors cannot be controlled by banks, so what banks must do is have a way to anticipate the condition of macroeconomic variables so as not to hurt banks.…”

Section: Introductionmentioning

confidence: 99%

Improving The Islamic Banks Competitiveness Through Efficiency

Firmansyah

2022

IEM

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The Islamic banking industry is one of the important factors in economic development so it must have competitiveness to be able to win the competition. Therefore, to have strong competitiveness, the efficiency level of Islamic banks must continue to be optimized. This study aims to determine the efficiency level of Islamic banks and find the factors that influence it by considering internal and external factors. The results showed that only 14.42% of Islamic banks had experienced optimal efficiency even though this study found that efficiency had a positive effect on increasing competitiveness. Important variables that can improve efficiency are age and liquidity. Besides, the board of commissioners also provides its role in managing the level of liquidity to achieve optimal efficiency, but does not play a good role in long-standing banks. In contrast to the sharia supervisory board that has succeeded in carrying out its functions in banks that have long existed to improve efficiency, and vice versa does not play a role in strengthening the level of liquidity to increase efficiency. From external factors, gross domestic product is proven to weaken the relationship between age and liquidity with efficiency.

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Macroeconomic Variable and Its Influence on Performance of Indonesian Islamic Banking

Cited by 2 publications

References 0 publications

The Short-Run And Long-Run Relationship In The Indonesia Islamic Stock Returns

The Short-Run And Long-Run Relationship In The Indonesia Islamic Stock Returns

Improving The Islamic Banks Competitiveness Through Efficiency

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