Abstract:Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas dan stuktur aktiva terhadap struktur modal. Metode Penelitian menggunakan metode kuantitatif yakni dengan mengambil data sekunder berupa data laporan keuangan…
uangan tahunan yang ada di bursa efek Indonesia periode tahun 2018-2020. Objek penelitian adalah perusahaan perbankan yang terdaftar di BEI. Penelitian di uji dengan menggunakan aplikasi SPSS. Hasil pengujian secara parsial (uji t) menunjukkan bahwa variabel profitabilitas (X1) berpengaruh negatif signifikan terhadap stuktur modal dengan nilai signifikansi 0,000 < 0,05. Variabel stuktur aktiva (X2) tidak berpengaruh signifikan terhadap stuktur modal dengan nilai signifikansi 0,727 > 0,05. Sementara hasil pengujian secara simultan (uji f) menunjukan bahwa signifikansi dari variabel profitabilitas (X1) dan stuktur aktiva (X2), secara simultan berpengaruh terhadap stuktur modal (Y) dengan hasil signifikansi 0,002 < 0,05.
Abstract:Bankruptcy risk is a critical issue for publicly listed companies as it may threaten business sustainability and undermine investor confidence. This study aims to examine the effects of asset growth, revenue growth, market…
et valuation, property, plant and equipment (PPE), goodwill, and research and development expenditure on bankruptcy risk, proxied by the Altman Z-score, among publicly listed companies in ASEAN countries. The study employs a quantitative approach using secondary data obtained from 1,354 non-financial firms listed in Indonesia, Malaysia, Thailand, Singapore, and the Philippines over the 2015–2023 period, yielding a total of 7,726 firm-year observations. Data were analyzed using a fixed-effects panel regression model. The findings reveal that asset growth and goodwill exert a positive and significant effect on the Altman Z-score, whereas research and development expenditure has a negative and significant effect. Revenue growth demonstrates a marginally positive influence, while market valuation and PPE do not exhibit a significant effect on bankruptcy risk. These results suggest that corporate financial stability is determined not only by financial factors but also by the quality of strategic resources and firms’ adaptive capabilities. The novelty of this study lies in the integration of the Resource-Based View and Dynamic Capabilities Theory perspectives into a bankruptcy prediction framework for publicly listed companies across ASEAN countries.
Abstract:This study aims to empirically analyze the effect of exchange rates and interest rates on the stock prices of banking companies listed on the Indonesia Stock Exchange during the 2020-2024 period. The research employs a quantitative…
uantitative approach with a causal-associative design and utilizes secondary data obtained from official publications of Bank Indonesia (BI) and the Indonesia Stock Exchange (IDX). The research population consists of 45 banking companies, from which 20 companies meeting the sampling criteria were selected using purposive sampling. Data analysis was conducted comprehensively through descriptive analysis, classical assumption tests, multiple linear regression, and hypothesis testing with the assistance of SPSS software. The findings reveal that, partially, exchange rates have a significant negative effect on stock prices, and interest rates also exert a significant negative effect. Furthermore, simultaneous testing confirms that both independent variables significantly and negatively influence banking stock prices. These results highlight that macroeconomic volatility, particularly exchange rate fluctuations and interest rate movements, are crucial determinants to be considered in capital market analysis. Academically, this study contributes to the literature on the relationship between macroeconomic indicators and stock price dynamics, while practically, the results may serve as a reference for investors in making investment decisions, for policymakers in formulating economic stabilization strategies, and for banking institutions in anticipating market risks arising from both global and domestic economic uncertainty.
Abstract:Economic growth is a key indicator in assessing a country's ability to sustainably increase the output of goods and services. This study aims to analyze the effect of trade openness (TO) and the interaction between foreign…
gn direct investment (FDI) and political stability (PS) on economic growth in member countries of the Organization of Islamic Cooperation (OIC). The study utilizes panel data from 30 OIC member countries over the period 2005–2023, sourced from the World Bank’s World Development Indicators (WDI). The analytical method employed is panel data regression using the Fixed Effect Model (FEM) to control for individual heterogeneity across countries, as well as Moderated Regression Analysis (MRA) to test the moderating role of PS in the relationship between FDI and economic growth. The estimation results show that both TO and FDI have a positive and significant impact on economic growth. However, the interaction between FDI and PS exhibits a negative and significant effect, which contradicts conventional theoretical expectations that political stability should enhance the positive impact of FDI. These findings suggest that in several OIC countries, despite relatively low political stability, FDI continues to flow in response to economic opportunities, strategic interests, or domestic market appeal. In other words, political instability does not always serve as a major barrier to foreign investment, especially when the economic potential remains high. Moreover, FDI under such conditions may serve as an important instrument to strengthen international economic cooperation, expand production capacity, and drive long-term economic growth. These findings provide strategic implications for the formulation of investment and institutional stability policies in OIC countries.
Abstract:The rapid development of globalization compels companies to enhance the quality of their products and services to compete in the market. The primary goal of companies is to maximize corporate value, which reflects the well-being…
ll-being of shareholders and attracts investors’ interest. Corporate value is often gauged by the stock price in the capital market, making it crucial for companies to plan sound financial strategies. This research focuses on the banking sector listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023, evaluating the influence of investment policy, dividend policy, and profitability on corporate value. The study employs a descriptive quantitative method using secondary data from the companies’ financial reports. Multiple linear regression analysis is used to assess the relationships between these variables. The results indicate that investment policy and profitability have a positive but not significant effect on corporate value, while dividend policy has a significant positive impact. Corporate value is also affected by stock price fluctuations, which are often inconsistent. These findings affirm that dividend policy is a crucial factor in enhancing corporate value, while investment policy and profitability, although important, do not have a significant impact within the study period. Overall, these independent variables collectively have a significant influence on corporate value in the banking sector on the IDX. This research provides insights for company management in formulating effective strategies to increase corporate value.
Abstract:Abstract The motivation of this research is related to the use of QRIS in micro, small, and medium-sized enterprises (UMKM) in Semarang District. QRIS is a digital payment tool introduced by Bank Indonesia in 2019. The Government's…
Government's initiative in launching QRIS is to make it easier for people who prefer digital payments, especially young people in Indonesia. The use of QRIS itself is increasing every year. The Governor of Bank Indonesia stated that more than 90% of UMKMs in Indonesia have used QRIS. The benefits of using QRIS for UMKM are faster payment processes, no need to prepare for money returns, increased sales turnover, easier settlement process, and financial discipline. The model used in this study is the Technology Accepted Model (TAM). TAM is a method to measure individual reception to the use of information technology systems. This research uses a quantitative descriptive approach. Micro, small, and medium-sized enterprises (UMKM) are used as populations in this study. In the sample selection, the researchers conducted the dissemination of the questionnaire with two events, namely online and offline. The samples obtained after the implementation of disseminated questionnaires and according to the conditions of the research sample are as many as 210 UMKM. Further, SmartPLS version 4 software is used for data processing. The findings from this study are that product knowledge variables significantly affect the use of QRIS. Perceived usefulness variables have also been found to influence the use. The same thing was also found in the perceived ease of use variable. Other findings that are backward related to the perception of risk variables. On this variable, it has been found that there is a negative influence against the use, so, it can be concluded that UMKM in Semarang district is still afraid related to financial risk as a result of the QRIS use.
Abstract:This article is about a literature review regarding good leadership models in Islam as seen from the experience of the merger of 3 (three) Sharia Banks in Indonesia to become Bank Syariah Indonesia (BSI), which is currently…
tly approximately three years old and the Indonesian Sharia banking market until compete and occupy the position as a sharia bank with the most significant asset position compared to 6 (six) other conventional banks which have dominated the Indonesian market for decades. The type of data used in this research is qualitative data, with the data source coming from secondary sources and the data collection technique used being a documentation technique through literature review using the Systematic Literature Review (SLR) data analysis technique by utilizing the Published or Perish (POP) metadata tool and VOS Viewer. The research method used is a qualitative method, with research results showing that the leadership model of Bank Syariah Indonesia has accommodated the best leadership criteria in Islam, which can be adaptive, fast response, and solutions while still implementing the traits and characteristics of leaders who are sincere, trustworthy, Katonah, and tabligh. This leadership character was demonstrated by leading the previous three large banks into one with one vision, mission, and work culture, as well as the synergy of all human resources that supported joint achievements to success in the three years of its existence.
Abstract:Islamic economics has different principles from conventional economics, including in terms of sales contracts. In Islamic economics, there are several types of sales contracts used, such as bai' al-salam (future sales) and…
nd bai’ al-salam(manufacturing sales). Trust sales contracts are also important in ensuring transparency of the price of the goods or services sold. The research method uses descriptive qualitative in describing and explaining specifically with literature studies in data collection. The purpose of this research is to find out specifically about the types and qualifications of sharia sales that do not contain gharar and usury. In Islamic economics, payments in sales contracts can be deferred or paid in installments without involving interest or riba. This allows the buyer to pay according to an agreed schedule. Sales contracts in the Islamic economy differ from interest-bearing loan contracts, where there is an exchange of goods or services at a predetermined price. Islamic banks use sales contracts as a legitimate alternative to interest-bearing loan contracts, allowing them to provide financing that is fair and compliant with sharia principles. In the Islamic economy, there are also contracts for the sale of future commodities (salam), the sale of manufacturing (istisna'), and currency exchange (sarf). Islamic banks have an important role to play in facilitating these sales contracts, as intermediaries who ensure the contracts adhere to Shariah principles and meet applicable legal requirements. With a good understanding of the different types of these sales contracts, economic actors can choose the ones that suit their needs while complying with sharia principles.
Abstract:Perbaikan faktor daya sangat penting bagi industri dan salah satunya adalah Rumah Sakit, Pada RSUD I.A. MOEIS kebanyakan beban bersifat induktif yang menyebabkan timbulnya daya reaktif, untuk itu diperlukan perbaikan faktor…
aktor daya (cos φ) guna memperbaiki efisiensi pemakaian daya pada Rumah Sakit tersebut. Langkah untuk memperbaiki faktor tersebut antara lain mengetahui beban total Rumah Sakit, nilai cos φ, rangkaian distribusi instalasi, dan menghiting konpensasi daya reaktif pada Rumah Sakit. Total beban puncak yang dipakai adalah 169.81 kVA, 70.67 kW dan 153,78 kVAR dengan cosphi 0,42, dan setelah dilakukan perbaikan faktor daya dengan pemasangan kapasitor Bank menggunakan metode pemasangan Global Conpensation dengan julah kapasitor yang digunakan Type CLMD43 - 3phase 10x20 kVAR dengan Power Factor Regulator RCV10 – 10 Step. Dan di dapatkan hasil yaitu 73,28 kVA, 70,67 kW dan 19,41 kVAR dengan nilai cosphi 0,96.
Abstract:Permasalahan pengelolaan sampah rumah tangga di Kota Mataram masih menjadi isu krusial, khususnya terkait pemilahan sampah sejak dari sumbernya. Program NTB Zero Waste merupakan salah satu langkah strategis Pemerintah Provinsi…
ovinsi Nusa Tenggara Barat dalam mewujudkan sistem pengelolaan sampah yang berkelanjutan dengan melibatkan partisipasi aktif masyarakat. Dalam hal ini, ibu rumah tangga memiliki posisi yang sangat strategis karena mereka merupakan pelaku utama dalam menghasilkan sekaligus mengelola sampah domestik. Kegiatan pengabdian ini bertujuan untuk meningkatkan kapasitas ibu rumah tangga melalui pelatihan pemilahan sampah serta pembentukan unit bank sampah di wilayah Kelurahan Pagesangan. Pelaksanaan kegiatan mencakup tahap sosialisasi, pelatihan teknis, pembentukan struktur organisasi bank sampah, serta pendampingan operasional di tahap awal. Hasil pelaksanaan menunjukkan adanya peningkatan pengetahuan dan keterampilan ibu rumah tangga dalam memilah sampah, serta berhasil dibentuknya satu bank sampah aktif yang dikelola secara mandiri. Kegiatan ini diharapkan dapat menjadi contoh praktik baik dalam pemberdayaan masyarakat berbasis lingkungan yang dapat direplikasi di wilayah lain guna mendukung keberhasilan Program NTB Zero Waste.