cover
Contact Name
Veri Hardinansyah Dja'far
Contact Email
admin@transpublika.co.id
Phone
+6281234560500
Journal Mail Official
-
Editorial Address
-
Location
Kota malang,
Jawa timur
INDONESIA
Open Access DRIVERset
Published by Transpublika Publisher
ISSN : -     EISSN : -     DOI : -
Core Subject :
Arjuna Subject : -
Articles 11 Documents
Search results for , issue "Vol. 2 No. 4 (2023): JULY" : 11 Documents clear
ANALYSIS OF STOCK PORTFOLIO PERFORMANCE USING THE SHARPE, TREYNOR AND JENSEN METHODS: (Study on stocks included in the Jakarta Islamic Index 70 on the Indonesia Stock Exchange for the period 2019-2022) Andi Marwah; Anwar; Anwar Ramli; Nurman; Andi Mustika Amin
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.693

Abstract

This study aims to find out whether using the single index method will produce an optimal portfolio of Jakarta Islamic Index 70 (JII70) stocks listed on the IDX for the 2019-2022 period and continue to assess its performance using the Sharpe Ratio, Treynor and Jensen methods to find out the best method in assessing the performance of stock portfolios formed in a period. The selection of this research sample was used based on purposive random sampling technique. This study used the One Way of Variance by Rank Kruskal-Wallis different test. In this study, the Sharpe, Treynor, and Jensen values were standardized through the Z-score transformation (standardized) followed by the Mean Rank difference test between treatments. The test results using the Kruskal-Wallis test were obtained with a probability of 0.000. It is known that the probability of testing ≤ 0.05. These results indicate that there are significant differences between the tests with the Sharpe, Treynor, and Jensen methods. Thus, the null hypothesis H0 in this study was rejected. The test results between the three treatment differences in mean rank, showed no significant difference between each treatment because Jensen had the lowest difference in mean rank to Sharpe and Treynor. Jensen's method has a mean difference the lowest rank against Sharpe and Treynor, meaning that Jensen is the most consistent with indifference. Based on the results of the issuer's Jensen method analysis.
THE INFLUENCE OF TEAMWORK, WORK MOTIVATION AND JOB SATISFACTION ON EMPLOYEE PERFORMANCE: (Study at J&T Sibuhuan-Sosa Office) Syarwansyah Ananda; Faisal Eriza
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.709

Abstract

The success of a company hinges on the performance of its employees, making it crucial for organizations to enhance the quality of their workforce. This improvement relies on several factors, including teamwork, work motivation, and job satisfaction. These elements serve as catalysts, inspiring employees to achieve peak performance levels within the company. This study investigates the influence of teamwork, work motivation, and job satisfaction on employee performance at the J&T Sibuhuan-Sosa office. Employing an associative research approach with a quantitative method, data was collected from 30 respondents, representing all employees at the Sibuhuan-Sosa J&T office. The findings reveal that both teamwork and work motivation significantly and positively impact the performance of J&T Sibuhuan-Sosa employees. However, job satisfaction does not demonstrate a significant effect on the employees' performance. Nevertheless, when considered together, teamwork, work motivation, and job satisfaction do exert a significant influence on the performance of employees at J&T Sibuhuan-Sosa office.
THE IMPACT OF ETHICAL LEADERSHIP ON FIRM PERFORMANCE IN BAHRAIN: ORGANIZATIONAL CULTURE AS A MEDIATOR Tariq Tawfeeq Yousif Alabdullah; Amal Jasim Mohamed AL-Qallaf
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.736

Abstract

In many industries, especially in the quick-paced technological world, ethical leadership (EL) has become a crucial driver of company financial performance and competitive advantage. Senior management's behavior is vital in influencing organizational decision-making and accomplishing pre-set objectives. This study focuses on the organizational culture's mediating function as it explores the relationship between ethical leadership and the firm financial performance of non-financial enterprises in Bahrain. This study explores the complex relationship between behavioral leadership, organizational culture, and firm financial performance using a theoretical conceptual framework approach. Bahrain is the right setting for this inquiry because of its vibrant business community and wide variety of non-financial businesses. The importance of ethical leadership in overcoming obstacles while preserving ethical standards is influenced by the nation's advantageous geographic location, encouraging government policies, and technological investments. The main goal of the current study is to clarify how senior management's ethical leadership practices affect the financial performance of non-financial enterprises in Bahrain while taking organizational culture's mediating function into account. The study advances knowledge of how ethical leadership, organizational culture, and firm financial performance interact within Bahrain's socio-cultural and economic setting by investigating this interaction. This study contributes to the body of knowledge on ethical leadership in Bahraini non-financial organizations through thorough investigation guided by the theoretical framework. The importance of ethical leadership in overcoming obstacles while preserving ethical standards is influenced by the nation's advantageous geographic location, encouraging government policies, and technological investments. The main goal of the current study is to clarify how senior management's ethical leadership practices affect the financial performance of non-financial enterprises in Bahrain while taking organizational culture's mediating function into account. The study advances knowledge of how ethical leadership, organizational culture, and financial performance interact within Bahrain's socio-cultural and economic setting by investigating this interaction. This study contributes to the body of knowledge on ethical leadership in Bahraini non-financial organizations through thorough investigation guided by the theoretical framework. It offers understanding into how organizational culture and ethical leadership practices affect their financial performance. The research findings should have repercussions for academics and professionals, improving knowledge of behavioral leadership and the mediating function of corporate culture for accomplishing organizational success. By analyzing the effects of ethical leadership within the specific context of non-financial enterprises in Bahrain, this study will advance knowledge. The complicated relationships between ethical leadership, organizational culture, and financial performance are further understood by recognizing the mediating function of organizational culture. The originality of the current study is in providing a springboard for additional investigation into ethical leadership and its connection to corporate culture across many fields and industries. The current study's anticipated consequences include how its findings might be applied to improve leadership development, talent recruitment, and the creation of a healthy organizational culture. Organizations can link their business goals with ethical principles and gain a competitive advantage through the promotion of ethical leadership practices and the development of a supporting culture.
THE EFFECT OF LIQUIDITY RATIO ON FINANCIAL PERFORMANCE VIEWED FROM RETURN ON ASSETS (ROA) IN SUB COMPANIES OF CONSTRUCTION AND BUILDING SECTOR LISTED ON THE INDONESIAN STOCK EXCHANGE OF 2016-2020 Sakti Brata Ismaya; Tia Risnawati; Nurminingsih
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.759

Abstract

The success of a company hinges on the collective performance of its employees. Thus, it becomes imperative for companies to enhance the quality of their workforce's performance. Numerous factors exert influence over employee performance, among them are teamwork, work motivation, and job satisfaction. These factors collectively kindle individuals' commitment towards accomplishing tasks to their fullest potential within the company. This study is conducted to reveal the impact of teamwork, work motivation, and job satisfaction on employee performance, specifically examining the case of the J&T Sibuhuan-Sosa office. Employing an associative research approach with a quantitative methodology, this study encompasses the entire employee population of the Sibuhuan-Sosa J&T office, totaling 30 participants. The analysis employs multiple linear regression via SPSS 22. The findings of the partial analysis reveal that both teamwork and work motivation yield a positive and noteworthy influence on the performance of J&T Sibuhuan-Sosa employees. Conversely, job satisfaction appears to lack significant impact on these employees. Notably, when taken together, teamwork, work motivation, and job satisfaction demonstrate a significant effect on the employees of J&T Sibuhuan-Sosa.
THE EFFECT OF MURABAHAH FINANCING, FINANCING DEPOSIT RATIO (FDR), AND THIRD PARTY FUNDS ON PROFITABILITY WITH NON-PERFORMING FINANCING (NPF) AS A MODERATING VARIABLE IN BPRS. Indah Dwi Navita; Achmad Fauzi; Indah Muliasari
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.768

Abstract

In the realm of Islamic banking and finance, the mechanisms and factors influencing the profitability of Islamic financial institutions have garnered significant attention from researchers and practitioners alike. Islamic People's Financing Banks, as specialized entities operating under Islamic financial principles, play a vital role in offering financial services that adhere to Shariah principles. This study aims to investigate the impact of Murabahah Financing, Financing Deposit Ratio (FDR), Third-Party Funds (DPK), and Non-Performing Financing (NPF) on Profitability in Islamic People's Financing Banks in Indonesia. The research employs a quantitative approach, utilizing documentation techniques and secondary data collected from BPRS financial reports available on the Financial Services Authority (OJK) website for the 2020-2021 period. The sample selection employs a random sampling technique, resulting in a total of 132 samples. The study employs various data analysis methods, including descriptive statistical analysis, tests for classical assumptions, multiple linear regression, and moderated regression analysis. Based on the partial results of the study, it is observed that Murabahah Financing, Financing Deposit Ratio (FDR), and Third-Party Funds (DPK) do not exhibit a significant influence on profitability. Conversely, Non-Performing Financing (NPF) demonstrates a significant negative impact on profitability. Furthermore, with the inclusion of NPF as a moderating variable, the research findings indicate that NPF is unable to moderate the effects of Murabahah Financing, FDR, and Third-Party Funds on Return on Assets (ROA).
ANALYSIS OF DIGITAL MARKETING IMPLEMENTATION AS A STRATEGY IN INCREASING MSME PRODUCT SALES: (Case Study of MSME Syifa Bakery) Kusuma Adi Rahardjo
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.769

Abstract

In the current business landscape, the role of digital marketing in driving sales and shaping marketing strategies has become increasingly essential, especially for Micro, Small, and Medium-sized Enterprises (MSMEs). This study aims to determine the effects of digital marketing on sales, marketing strategies, and the challenges associated with implementing digital marketing for MSMEs, using Syifa Bakery as a case study. The research adopts an observational descriptive approach, utilizing structured and in-depth interviews for data collection. The study's findings reveal that the digital marketing initiatives undertaken by Syifa Bakery, an MSME, significantly contribute to increased sales. Digital marketing proves to be cost-effective, convenient, and accessible at all times. The primary strategy employed for product marketing through digital channels includes the use of social media platforms like Facebook, Instagram, WhatsApp status updates, and live streaming on Facebook. However, the implementation encounters challenges such as unreliable internet connections, delivery delays, insufficient marketing and design personnel, and instances of transaction fraud and manipulation of administrative contact information. Thus, the study demonstrates the multifaceted nature of digital marketing implementation.
ANALYSIS OF THE EFFECT OF CURRENT RATIO AND QUICK RATIO ON RETURN ON ASSETSIN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Nur Apriani Fatwa; Nurman; Agung Widhi Kurniawan; Anwar; Andi Mustika Amin
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.776

Abstract

Financial analysis is vital for evaluating company performance, aiding stakeholders in making informed decisions. The Current Ratio and Quick Ratio gauge liquidity, while Return on Assets (ROA) assesses profitability. The Food and Beverage industry, encompassing diverse businesses, faces distinct challenges and opportunities due to changing consumer preferences and competition. Analyzing listed Food and Beverage companies on the Indonesian Stock Exchange provides insights into their financial strategies. This study aims to determine the impact of the Current Ratio and Quick Ratio on Return on Assets in companies within the Food and Beverage sub-sector that are listed on the Indonesian Stock Exchange. The study's population comprises Food and Beverage companies that have been listed on the Indonesian Stock Exchange from 2017 to 2021. A total of 12 companies were selected for observation and data analysis. The collected data underwent tests for Normality, Multicollinearity, and Heteroscedasticity. The analysis employed multiple linear techniques. The findings revealed that the Current Ratio has a positive and significant influence on Return on Assets (ROA), while the Quick Ratio has a negative and insignificant impact on Return on Assets (ROA). Additionally, both the Current Ratio and Quick Ratio, when considered simultaneously, exert an influence on Return on Assets (ROA).
THE EFFECT OF RETURN ON EQUITY AND DEBT TO EQUITY RATIO ON SHARIA STOCK RETURN WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE Tiara Zulfina Ramadhanti; Mardi; I.G.K.A Ulupui
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.777

Abstract

Before making an investment, an investor must seek as much information as possible from the intended company so that the investment can provide a high return. This activity can be done with fundamental analysis. This study aims to determine the effect of Return on Equity and Debt to Equity Ratio on Sharia Stock Returns with Institutional Ownership as Moderating Variables. The study used a quantitative approach with multiple linear regression analysis and moderated regression analysis using Eviews version 12 software. The population in this study were companies registered on the Jakarta Islamic Index (JII) 70 in 2022 and the sample used was 44 companies using a purposive sampling technique. The results of this study indicate that ROE has a significant positive effect on sharia stock returns because the higher the ROE value, the sharia stock return value also increases. Then, DER has a significant negative effect on sharia stock returns because the higher the DER value, the sharia stock return value will decrease. Institutional ownership weakens the effect of ROE on sharia stock returns because strong control can make many decisions regarding company finances which can reduce the amount of profit and the composition of the company's shares/equity. Institutional ownership does not moderate the effect of DER on sharia stock returns because companies with high institutional ownership are unable to convince investors of the company's performance in managing its debt.
THE INFLUENCE OF ISLAMIC CORPORATE GOVERNANCE (ICG), COMPANY SIZE, AND LEVERAGE (DAR) ON FINANCIAL PERFORMANCE (ROA) IN SHARIA PEOPLE'S FINANCING BANKS IN INDONESIA Rana Shabilah; Achmad Fauzi; Indah Muliasari
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.778

Abstract

This study aims to assess how Islamic Corporate Governance (ICG), bank size, and leverage (DAR) influence financial performance using Return on Assets (ROA) as a measure. The study focuses on Sharia Rural Banks (BPRS) registered with the Financial Services Authority (OJK) from 2021 to 2022. The sample includes 99 BPRS selected through purposive sampling. The analysis employs multiple linear regression via SPSS software. The findings reveal that ICG has no significant impact on BPRS's financial performance (ROA). Conversely, firm size positively affects ROA, while leverage (DAR) has a negative impact. Future research could encompass various types of Sharia banks and include additional indicators like Return on Equity (ROE) and Return on Investment (ROI). Extending the study's timeframe might provide more accurate insights into trends. Furthermore, incorporating additional proxies to measure bank financial performance, such as Return on Equity (ROE) and Return on Investment (ROI), is advised. A more extended study duration would likely yield a more accurate representation of trends and relationships.
THE INFLUENCE OF ORGANIZATIONAL CLIMATE, COMPENSATION AND COMPETENCE ON EMPLOYEE PRODUCTIVITY PT. JISS INDONESIA SEJAHTERA JAKARTA AREA Erina Juliana Putri; Roni Faslah; Rizki Firdausi Rachmadania
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.785

Abstract

In the current business landscape, organizations recognize that their success and sustainability are intricately tied to the performance and productivity of their employees. As such, numerous factors contribute to shaping employee productivity, including the organizational climate, compensation structures, and employee competence. This study aims to determine the effect of organizational climate, compensation and competence on the work productivity of employees of PT JISS Indonesia Sejahtera Jakarta area. This study was conducted for 3 months from June 2023 to August 2023. The research method used is the survey method with a sample size of 195 respondents chosen from a population of 382 employees through the application of the Slovin formula. All data were collected as primary data and processed utilizing SPSS version 26.0, followed by data analysis encompassing tests to validate the classical assumptions. Multicollinearity tests demonstrated tolerances and VIF values falling within acceptable ranges, thus confirming the absence of multicollinearity. The heteroscedasticity test indicated homoscedasticity for the variables. Multiple linear regression revealed a model linking organizational climate, compensation, and competence to work productivity. Hypothesis tests indicated that the combined influence of these factors was statistically significant, with t-tests confirming individual positive influences. The coefficient of determination indicated that 72.8% of work productivity variability can be attributed to organizational climate, compensation, and competence, while the remaining 27.2% is influenced by unexamined variables.

Page 1 of 2 | Total Record : 11