Macroeconomic variables towards net asset value of sharia mutual funds in Indonesia and Malaysia
Journal Title: Jurnal Keuangan dan Perbankan - Year 2019, Vol 23, Issue 2
Abstract
Sharia mutual fund as one of the investment instruments in the sharia capital market shows significant development. There are various factors that may influence, among these factors are macroeconomic variables. This research aims to analyze the effect of macroeconomic factors on the development of sharia capital market industry. Macroeconomic variables that are used is the money supply (M1), Gross Domestic Product (GDP), and inflation. The data used in this research is a quarterly money supply data, GDP, and inflation from January 2012 to December 2016. The methods used to analyze regression data is the data panel. The results of the analysis showed that all of the independent variables used in this study i.e. the money supply (M1), GDP, and inflation has a positive influence and significance to the Net Asset Value (NAV) mutual funds sharia in Indonesia and Malaysia. These results can provide a sound contribution for further research, government, management of the company, and investors regarding the Net Assets Value mutual funds sharia in Indonesia and Malaysia.
Authors and Affiliations
Riwi Sumantyo, Dessy Anis Savitri
Board Characteristics and Accounting Performance in Banking Industry: The Indonesian Experience
This paper examines the effect of board characteristics on accounting return in the Indonesian banking industry. The conceptual framework borrows from agency theory claiming that the board is held liable for monitoring r...
Asset Structure Impact on Capital Structure of Capital Market-Listed Firms in Indonesia and Malaysia
The debt was able to be used by the firm as a source of funds for investment-related activities, especially when the amount of retained earnings was not sufficient to cover the amount of investment needed. Naturally, the...
The Effect of Internal and External Factors of Banking to the SMEs Financing for BPRS in Indonesia
Small and Medium Enterprises had a strategic role in economic growth. One of the main problems faced by SMEs in Indonesia was the limited financial capital and access to finance. Islamic Rural Banks (BPRS) could play a s...
DAMPAK PROFITABILITAS, ALIRAN KAS BEBAS, DAN KESEMPATAN INVESTASI TERHADAP PEMBAYARAN DIVIDEN PERUSAHAAN PERBANKAN
This study aimed to identify and analyze the factors that affected paid dividend proxies by Dividend Payout Ratio (DPR) on the banking companies listed in Indonesia Stock Exchange (IDX). Multiple regression was a model o...
Determinants of capital structures based on the Pecking Order Theory and Trade-off Theory
Determining the decision of the company's capital structure is a very important thing because it influences the development of resources potency and the sustainability of a company. Related to deciding on the capital str...