Main Article Content

Abstract

This research aims to understand the trajectory of BSI in the capital market by using trend analysis and identifying the challenges faced in its development. This research uses qualitative research methods, namely content analysis of papers from the Google Scholar database, the OJK website, and the Indonesian data portal. The research object here is an analysis of the development of Islamic banks in the capital market, using trend analysis. The research results show that stock price forecasting, earnings per share forecasting, and ROE forecasting are assumed to remain stable at a certain level every year. In the stock price forecasting graph it produces an R squared value in percent of around 41.25%, in earnings per share forecasting it produces an R squared value in percent of around 95.61%, and in ROE forecasting it produces an R squared value in percent of around 87.75%. This only shows historical and projected data, without showing the factors that influence share price movements, earnings per share, and ROE. Therefore, keep in mind that this data is only part of the factors that need to be considered when making an investment

Keywords

BSI Development Capital Market Bank BSI

Article Details

How to Cite
Nasution, N. D. P., Harahap, M. I., Anggraini, T., & Nuh, R. (2024). Analysis of the Development of Islamic Banks in the Capital Market. Ilomata International Journal of Management, 5(3), 947-963. https://doi.org/10.61194/ijjm.v5i3.1230

References

  1. Abdelfattaha, T., & Aboud, A. (2020). Tax Avoidance, Corporate Governance, and Corporate Social responsibility : The Case of The Egyptian Capital Market. Journal of International Accounting, Auditing, and Taxation.
  2. Abusharbeh, M. (2021). The mediating effect of risk management for Palestinian Islamic banks’ strategic planning and profitability performance. Problems and Perspectives in Management, 19(4), 482–494. https://doi.org/10.21511/ppm.19(4).2021.39
  3. Alhammadi, S., Archer, S., & Asutay, M. (2020). Risk management and corporate governance failures in Islamic banks: a case study. Journal of Islamic Accounting and Business Research, 11(9), 1921–1939. https://doi.org/10.1108/JIABR-03-2020-0064
  4. Andri Soemitra, M. (2009). Bank Dan lembaga Keuangan Syariah. Kencana.
  5. Annisa, S., & Marliyah, M. (2022). Pengaruh Edukasi, Modal Minimal, Return, Risiko terhadap Motivasi Mahasiwa Berinvestasi di Pasar Modal Syariah. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 3(4), 641–657. https://doi.org/10.47467/elmal.v3i4.990
  6. Annisa, Sufiati, Andri Soemitra, M. I. H. (2023). Pengaruh Modal Minimum, Pemahaman Investasi, Return. Risiko dan Motivasi Terhadap Minat Mahasiswa Berinvestasi di Pasar Modal Syariah. JURNAL MANAJEMEN AKUNTANSI (JUMSI), 4(1), 88–100.
  7. Asfarawenti, S., & Saiful, S. (2019). Intellectual capital and performance of Indonesian Islamic and conventional banks. Pressacademia, 6(3), 149–157. https://doi.org/10.17261/pressacademia.2019.1116
  8. Batra, R., & Beladi, H. (2013). Foreign Capital and Urban Congestion in Emerging Markets. Review of Development Economics, 17(4), 676–684. https://doi.org/10.1111/rode.12058
  9. Daulay, Suci Citra Pratiwi, Andri Soemitra, F. A. L. (2016). Integration Analysis of the International Sharia Stock Price Index To the Jakarta Islamic Index 2018-2022 Period. 6(2), 1–23.
  10. Harger, K., & Ross, A. (2016). DO CAPITAL TAX INCENTIVES ATTRACT NEW BUSINESSES? EVIDENCE ACROSS INDUSTRIES FROM THE NEW MARKETS TAX CREDIT. Journal of Regional Science, 56(5), 733–753. https://doi.org/10.1111/jors.12286
  11. Ikhsan, M. (2020). Pasar Uang dan Pasar Modal Syariah. In Diktat Repositori Uinsu.
  12. Kabir Hassan, M., Fazlul Karim, M., & Sydul Karim, M. (2018). Experiences and lessons of cash Waqf in Bangladesh and other countries. Journal of Islamic Economics, Banking and Finance, 14(1), 102–123. https://doi.org/10.12816/0051170
  13. Linsi, L., & Schaffner, F. (2019). When do Heuristics Matter in Global Capital Markets? The Case of the BRIC Acronym. New Political Economy, 24(6), 851–872. https://doi.org/10.1080/13563467.2018.1545756
  14. Monica, B., & Koesheryatin, D. (2018). AnaIisis Laporan Keuangan Dengan Metode Trend AnaIysis Untuk MengevaIuasi Kinerja Keuangan Pada PT.PGN (Persero) Tbk Periode 2013-2017. Gastronomía Ecuatoriana y Turismo Local, 1(69), 1–10.
  15. Nxumalo, I. S., & Makoni, P. L. (2021). Analysis of international capital inflows and institutional quality in emerging markets. Economies, 9(4). https://doi.org/10.3390/economies9040179
  16. Pratiwi, R. D., Siswanto, E., & Istanti, L. N. (2016). Pengaruh Return On Equity, Debt To Equity Ratio dan Umur Perusahaan Terhadap Kebijakan Dividen (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2014. Jurnal Ekonomi Bisnis Tahun, 21, 2.
  17. Prima, I., & Ahmad, D. (2023). Analisis Conditional Restricted Boltzman Machine Untuk Memprediksi Harga Saham Bank Syariah Indonesia. Jurnal Lebesgue : Jurnal Ilmiah Pendidikan Matematika, Matematika Dan Statistika, 4(1), 409–416. https://doi.org/10.46306/lb.v4i1.266
  18. Raza, S. A., & Jawaid, S. T. (2014). Foreign capital inflows, economic growth and stock market capitalization in Asian countries: An ARDL bound testing approach. Quality and Quantity, 48(1), 375–385. https://doi.org/10.1007/s11135-012-9774-4
  19. Senga, C., Cassimon, D. S., & Kigabo, T. (2021a). Does Access to International Capital Markets Affect Investment Dynamics in Sub-Saharan Africa? Journal of African Business, 22(3), 320–338. https://doi.org/10.1080/15228916.2020.1752600
  20. Senga, C., Cassimon, D. S., & Kigabo, T. (2021b). Does Access to International Capital Markets Affect Investment Dynamics in Sub-Saharan Africa? Journal of African Business, 22(3), 320–338. https://doi.org/10.1080/15228916.2020.1752600
  21. Setiawan, R. A., & Febriani, L. (2023). Analisis dampak merger terhadap harga saham , abnormal return , dan volume perdagangan saham. 6(2), 179–185.
  22. Sihombing, A. (2019). Jurnal Manajemen Akuntansi (Jumsi). Vol. 2. No. 3 Juli 2022 Page 490-496 E-ISSN : 2774-4221, 2(3), 9–25.
  23. Sinaga, A. N., Eric, R., & Wiltan, V. (2020). Current Ratio, Debt to Equity Ratio, Return on Equity, Dividend Payout Ratio dan Size terhadap Return Saham Perusahaan Trade, Service & Investment Indonesia. OSTING:Journal of Economic, Business and Accounting, 3(2).
  24. Solihin, D. (2019). Pengaruh Current Ratio dan Debt to Equity Ratio terhadap Return on Asset (Vol. 7, Issue 1, pp. 115–122).
  25. Sudrajat, A., Megawati, L., & Munasto, D. (2022). The Influence of Business Capital and Marketing Strategy on The Development of Msmes. Quality - Access to Success, 23(190), 355–361. https://doi.org/10.47750/QAS/23.190.37
  26. Suganda, T. R. (2018). Event Study Theory and Discussion of Indonesian Capital Market Reaction.
  27. Taufiq, M., Soemitra, A., & Harahap, M. I. (2023). Pengaruh Indeks Saham Syariah Indonesia (ISSI), Indeks Harga Saham Gabungan (IHSG) dan Inflasi Terhadap Kinerja NAB Reksa Dana Saham Syariah Tahun 2018-2022. Journal of Islamic Economics and Finance, 1(4), 335–347.
  28. Toha, M., Manaku, A. C., & Zamroni, M. A. (2020). Perkembangan Dan Problematika Pasar Modal Syariah Di Indonesia. Al-Tsaman : Jurnal Ekonomi Dan Keuangan Islam, 2(1), 137.
  29. Tsaurai, K. (2018a). FDI led financial development hypothesis in emerging markets: The role of human capital development. International Journal of Education Economics and Development, 9(2), 109–123. https://doi.org/10.1504/IJEED.2018.092193
  30. Tsaurai, K. (2018b). Is the interaction between human capital and financial development one of the determinants of FDI in emerging markets? International Journal of Education Economics and Development, 9(1), 24–37. https://doi.org/10.1504/IJEED.2018.091069
  31. Wahyudi, R., Handayani, L., Nuryana, Z., & Riduwan, R. (2023). Mapping the field of Islamic banking and finance education: A bibliometric analysis and future research agenda. Journal of Education and Learning, 17(4), 710–718. https://doi.org/10.11591/edulearn.v17i4.20947
  32. Ward, C., Brill, F., & Raco, M. (2023a). State capitalism, capitalist statism: Sovereign wealth funds and the geopolitics of London’s real estate market. Environment and Planning A, 55(3), 742–759. https://doi.org/10.1177/0308518X221102157
  33. Ward, C., Brill, F., & Raco, M. (2023b). State capitalism, capitalist statism: Sovereign wealth funds and the geopolitics of London’s real estate market. Environment and Planning A, 55(3), 742–759. https://doi.org/10.1177/0308518X221102157
  34. Yafiz, M. (2008). SAHAM DAN PASAR MODAL SYARIAH : Saham : Pengertian dan Jenis. Miqot: Jurnal Ekonomi, 4(2), 5–6.
  35. Yolanda, A. M., & Ridhwan, M. (2020). Peramalan Data dengan Teknik Pemulusan Simple Moving Average (Studi Kasus Harga Saham Harian PT Bank BRI Syariah Tbk). AL-Muqayyad, 3(2), 136–143. https://doi.org/10.46963/jam.v3i2.195