Claim Missing Document
Check
Articles

Found 4 Documents
Search

Comparative analysis of financial performance in the tourism industry before and during the COVID-19 virus outbreak Subing, Hesty Juni Tambuati; Nugroho, Randhy; Lapae, Kanaya
Jurnal Manajemen Vol 21 No 1 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STEI) Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36406/jam.v21i1.1437

Abstract

This research seeks to conduct a comparative analysis of the financial performance among companies within the tourism industry sector, restaurants, and hotels listed on the IDX as measured by financial ratios (CR, DER, ROE, TATO) and Stock Price. Employing a quantitative research approach, the study utilized secondary data collected from quarterly financial reports spanning from 2018 to the quarter of 2021. The sampling method was purposive, with seven companies included in the study. The normality test was conducted using the Kolmogorov-Smirnov method; it was determined that the dataset did not exhibit a normal distribution, so the non-parametric Wilcoxon signed-rank test was used. The study's findings indicate that the CR and DER did not exhibit significant differences before and during the Covid-19 virus outbreak. Conversely, ROE, TATO, and Stock Prices demonstrated notable differences before and during the Covid-19.
Dividend Policy as a Moderating Variable on the Effect of SIZE, Debt Policy, and Profitability on Stock Returns Apriansyah, Poni Melati; Subing, Hesty Juni Tambuati; Sari, Imelda; Nugroho, Randhy
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2715

Abstract

Currently the economy in Indonesia is developing rapidly. Indonesia's economic growth in 2021 will also improve. The goal of investors investing in a company is to obtain returns. Then, there are several factors that influence stock returns, including company size, debt policy and profitability. This research aims to examine the influence of Company Size, Debt Policy and Profitability on Stock Returns with Dividend Policy as a moderating variable in non-financial companies included in the LQ45 stock index on the Indonesia Stock Exchange (BEI) for the 2017-2022 period. The sample for this company was 18 companies using the purposive sampling method. The analytical method used is multiple linear regression techniques and Moderated Regression Analysis (MRA) testing using the SPSS version 29.0 application. The research results show that company size has a significant effect on stock returns. Debt policy and profitability have no significant effect on stock returns. Dividend policy can moderate company size on stock returns. However, dividend policy does not moderate debt policy and profitability on stock returns.
Model Penguatan Penyaluran Zakat kepada Usaha Ultra Mikro melalui Pelatihan dan Pendampingan: Model for Strengthening Zakat Distribution to Ultra Micro Enterprises through Training and Mentoring Setianingrum, Any; Deviastry, Lily; Nugroho, Randhy
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 9 No. 9 (2024): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v9i9.7391

Abstract

The distribution of zakat to ultra-micro (UMi) business actors, such as Mustahik (people entitled to receive zakat), faces the problem of limited assistance. The Community Service (P2M) aims to minimize failures in the distribution of zakat and ensure that it is used for productive, sustainable, and on-target businesses. The next goal is to increase the quantity and quality of UMi management. The methods used are training, follow-up assistance, monitoring, and evaluation. Partners are UMi actors who receive zakat from the Baitulmal Ummat Islam Foundation Bank Negara Indonesia (BAMUIS BNI). The result of P2M is that previously, there was no assistance in the zakat distribution model. The positive impact is that this assistance increases the accuracy of targeting zakat recipients from the UMi group. This is based on qualitative analysis from the results of interviews with UMi and BAMUIS BNI. The increase in targeting indicates that the Mustahik from UMi are based on recommendations from indigent letters from neighborhood and citizen associations, so they are not concentrated in just a few families, as was the case previously. Another improvement in the distribution model is the absence of brokers, which is often found, unavoidably, without assistance. Another significant impact is that Mustahik receives 100% of the zakat funds directly to the account concerned without any deductions. The mentoring model also equips UMi with various skills training and consultations needed daily to run a business in the era of digital competition. The training includes marketing management, halal production, hygiene, occupational health, and safety.
Analysis of Marketplace and Online Shop Fatwa Contribution to Foster Ethical E-Commerce Environment Nugroho, Randhy; Nurhayati, Ely
Share: Jurnal Ekonomi dan Keuangan Islam ARTICLE IN PRESS
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The growth of digital commerce in the last decade has grown increasingly rapidly, this paper attempts to critically analyse and evaluate the actual role of National Sharia Board-Indonesian Council of Ulama (DSN) fatwa to improve and anticipate ethical business behaviour in marketplace and online shop. This paper focuses on Shopee and Tokopedia as the case study using document analysis as the principal research method. Our analysis found that current contract (akad) implementation of marketplace consignment has substantially fulfilled DSN Fatwa No.114 regarding Sharia marketplace consignment despite the lack of explicit statement on the contract form. Furthermore, our analysis found that Shopee and Tokopedia has deployed several preventive and corrective mechanisms to prevent prohibited transactions forms in Islam such as tadlis (concealment of defect) and ghisy (quality mismatch). However, lack of preventive and corrective mechanisms is found in tanajusy (demand engineering) transactions. This paper suggests that the issuance of fatwa regarding tanajusy transaction would foster healthier business environment to support E-Commerce growth in Indonesia. In addition, the creation of sharia-compliance label option in merchant and shop-level as opposed to product-level may serve as a check and balance mechanism in marketplace transaction.