Nur Azura Sanusi
Faculty of Economics, Universiti Utara Malaysia

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An Empirical Analysis of Cash Flow and Investment Fluctuations Using Firm-Level Panel Data Ismail, Abdul Ghafar; Sanusi, Nur Azura
Gadjah Mada International Journal of Business Vol 7, No 1 (2005): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (201.982 KB)

Abstract

Since the pioneering work of Gurley and Shaw (1955), the attempt has been done to justify money as a primary focal point of macroeconomic theorizing. However, other researchers argue that variables such as financial development and indicators are also important to be linked with macroeconomic performance. Here, if money can be thought as means of production and consumer goods as the ultimate end toward which production is directed, and then capital also occupies a position that is both logically and temporarily intermediate between original means and ultimate ends. This temporarily intermediate status of capital is not in serious dispute, but its significance for macroeconomic theorizing is rarely recognized. The firms’ decision to acquire funds through debt and equity financings affects the capital structure, and, in the firm’s balance sheet, the impact of capital appears to influence the inventory investment. Hence, the significance of capital structure –induced inventory distortions in the context of firm-level is the basis for our article. The sample for our analysis is compiled from the balance sheets of listed syaria firms in the Kuala Lumpur Stock Exchange for the period 1995-2000.
THE CONCEPTUAL FRAMEWORK OF SOCIAL INNOVATION IN SOCIAL ENTERPRISE Sanusi, Nur Azura; Kusairi, Suhal; Mohamad, Mohd Fikri
Journal of Innovation in Business and Economics Vol 1, No 01 (2017): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (411.88 KB) | DOI: 10.22219/jibe.v1i01.5332

Abstract

The purpose of this paper is to study the implementation of social enterprise towards empowering the wellbeing of bottom 40 group (B40) in Malaysia. It provides an overview of the existing literature in this subject area and focuses on the ability of social innovation in empowering the B40 group. Thus, in order to elevate the B40 groups towards a middle-class society, three strategies were identified in the 11th Malaysia Plan (11th MP). One of the strategies is by developing community and social-based enterprises. As stated in 11th MP, a systematic approach shall be introduced to develop community and social enterprise based on the cooperative model to carry out activities for B40 groups in urban areas. By applying the principles of social innovation into the social enterprise framework, it can move social innovators towards sustainability and self-sufficiency. This conceptual paper contains definitions, concepts, and also the characteristics of building social enterprise in businesses with emphasis on social innovation. In addition, it also states the development of basic concepts, instruments, and dimensions in social innovation principles, and also discusses strategic and systematic plans for the B40 community. Results indicated that social innovation is important in empowering the B40 community through social enterprise and can give more impact to fulfill social needs in Malaysia.
THE ROLE OF CORPORATE ZAKAT ON OPTIMAL CAPITAL STRUCTURE POLICY: EVIDENCE FROM MALAYSIAN FIRMS Talattov, Abrapuspa Ghani; Sanusi, Nur Azura; Kusairi, Suhal; Shaari, Abu Hassan
Journal of Islamic Monetary Economics and Finance Vol 1 No 2 (2016)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (614.727 KB) | DOI: 10.21098/jimf.v1i2.544

Abstract

In the finance literature, the relationship between capital structure and firm value has been extensively investigated, both theoretically and empirically. The main issue on corporate finance is how firms dealing with the important decision of capital structure. In this study, a model of capital structure is formulated in which corporate tax and zakat payment exist by firms into the consideration of combination of debt and equity. The theoretical model as shown by comparative statics prove the implication which is negatively relationship between leverage of the firm and the corporate zakat payment. Meanwhile, the empirical evidence reveals several implication as follows, (1) tax deduction reduces the current liability item relative to the firms that prefer equity financing, (2) the significant of zakat is consistent with the theoretical model that zakat would encourage firm to issue more equity than debt, (3) the strong significant relationship between return on assets with the leverage are the leading indicator of capital structure in all models.
PROSES INOVASI SOSIAL DALAM MENCIPTAKAN INOVASI SOSIAL PADA BANK SAMPAH DI KABUPATEN BANDUNG BARAT PADA TAHUN 2021-2022 Rasmini, Mas; Sukoco, Iwan; Hermanto, Bambang; Sanusi, Nur Azura
AdBispreneur : Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausahaan Vol 8, No 2 (2023): AdBispreneur : Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausa
Publisher : Departemen Ilmu Administrasi Bisnis, Fakultas Ilmu Sosial dan Ilmu Politik, UNPAD

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24198/adbispreneur.v8i2.44495

Abstract

This study aims to find out how the process of social innovation at Trash Banks in West Bandung Regency (KBB) creates social innovation as a business development solution. This research is a case study research. The locus of research is the Trash Banks in West Bandung Regency as many as 10 Trash Banks. The informants consisted of 30 people who were representatives of the Trash Bank, village government and the KBB Environmental Service, communities, businesses and academics. Data collection techniques through participant observation, interviews, questionnaires, and documentation studies. The data analysis technique uses the concept of social innovation process which is then carried out by SWOT analysis to formulate business development strategies. The results of the study show that the Trash Bank in West Bandung Regency implements the Social Innovation Process by going through 5 stages. The first stage is identifying social problems and internal problems of the Trash Bank and identifying stakeholders through interviews and FGD activities with the Chairpersons of the Trash Bank. The second stage is to equalize perceptions and formulate strategies/solutions with stakeholders on the problems faced by the Trash Bank through FGD activities. The third stage is carrying out mapping of the capacity of the Trash Bank and all stakeholders as well as a feasibility study. The fourth stage is designing cooperation/collaboration with stakeholders. In the fifth stage, 13 forms of social innovation were obtained which are expected to encourage the KBB Trash Bank to become a sustainable Trash Bank.Penelitian ini bertujuan untuk mengetahui bagaimana proses inovasi sosial pada Bank Sampah di Kabupaten Bandung Barat (KBB) dalam menciptakan inovasi sosial sebagai solusi pengembangan usaha. Penelitian ini merupakan penelitian studi kasus. Lokus penelitian yaitu Bank Sampah di Kabupaten Bandung Barat sebanyak 10 Bank Sampah. Informan terdiri dari 30 orang yang merupakan perwakilan dari Bank Sampah, pemrintah desa dan Dinas Lingkungan Hidup KBB, komunitas, bisnis, dan akademisi. Teknik pengumpulan data melalui observasi partisipan, wawancara, kuesioner, dan studi dokumentasi. Teknik analisis data dengan menggunakan konsep proses inovasi sosial yang selanjutnya dilakukan analisis SWOT untuk merumuskan strategi-strategi pengembangan usaha. Hasil penelitian menunjukkan bahwa Bank Sampah di Kabupaten Bandung Barat melaksanakan Proses Inovasi Sosial dengan melalui 5 tahapan. Tahap pertama mengidentifikasi permasalahan sosial dan masalah internal Bank Sampah serta mengidentifikasi stakeholders melalui kegiatan wawancara dan FGD dengan para Ketua Bank Sampah. Tahap kedua melakukan penyamaan persepsi dan perumusan strategi/solusi dengan para stakeholders terhadap permasalahan yang dihadapi Bank Sampah melalui kegiatan FGD. Tahap ketiga melaksanakan mapping terhadap kapasitas Bank Sampah dan semua stakeholders serta studi kelayakan. Tahap keempat merancang kerja sama/kolaborasi dengan para stakeholders. Tahap kelima diperoleh 13 bentuk inovasi sosial yang diharapkan dapat mendorong Bank Sampah KBB menjadi Bank Sampah yang berkelanjutan.
Financial Development and Economic Growth: Panel Evidence from Selected OIC Countries Sanusi, Nur Azura
Business and Entrepreneurial Review Vol. 5 No. 2 (2006)
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/p85y1c20

Abstract

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