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STUDENT INVESTMENT BEHAVIOR: IS THERE A CORRELATION WITH RELIGIOSITY? Faizah , Ima; Nirwana , Nihlatul Qudus Sukma
Journal of Social Science Vol. 1 No. 2 (2024): Journal Of Social Science
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijss.v1i2.18

Abstract

Business developments in the technological era offer convenience, speed, and various attractive features through online shopping services equipped with easy payment services. This causes changes in people's patterns, lifestyles and behavior, becoming consumptive behavior that is not based on needs but on desires and satisfaction alone. This behavior is contrary to investment behavior as the implementation of Islamic values in terms of wealth management. Within the scope of halal finance, Islam does not only regulate how to obtain and spend assets by buying halal products, but also utilizes assets according to the designation taught by Islam. Several verses of the Qur'an and Hadith implicitly motivate people to invest. This study uses a quantitative approach with descriptive analysis. The sample of this research was students of Muhammadiyah Sidoarjo University who were randomly selected. The results showed that employment status and religiosity factors influenced student investment behavior, while age and gender had no significant effect.
BUSINESS RISK, FINANCIAL RISK AND STOCK PRICE ON THE VALUE OF CONVENTIONAL BANKING SUBSECTOR COMPANIES ON THE INDONESIAN STOCK EXCHANGE (IDX) Amanda, Silvia; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 2 (2025): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i2.58

Abstract

Objective: The purpose of this study we present a case study to determine the Effect of Business Risk, Financial Risk and Stock Price on Firm Value on the Indonesia Stock Exchange. Method: This study uses a quantitative approach with a research sample of 34 companies that meet the criteria using purposive sampling technique. The analytical tool used is secondary data in the form of financial statements, data collection in the form of descriptive statistical tests and classical assumption tests. Testing with Statistical Package for the Social Sciences (SPSS). Results: The results of the hypothesis in the research that has been done show that business risk, financial risk and stock price have an influence on the value of the company. Novelty: This means that company value is able to strengthen the relationship between business risk, financial risk and stock price.
THE INFLUENCE OF DIGITAL MARKETING AND THE USE OF E-MONEY ON THE SALES VOLUME OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs) IN THE FASHION SECTOR (EMPIRICAL STUDY OF MSMES IN SIDOARJO DISTRICT) Mulyanti , Sasa; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 3 (2025): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i3.65

Abstract

This study aims to determine the Influence of Digital Marketing and the Use of E-Money on the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector (Empirical Study on MSMEs in Sidoarjo District). This study uses a quantitative method with primary data as a data source. The population in this study is fashion MSMEs in Sidoarjo in 2023. The method used in determining this sample is using the Random sampling method. The number of samples used in this study was 39 respondents. The data analysis technique used in this study was SPSS Version 27. The results of this study indicate that Digital Marketing Affects the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector in Sidoarjo City. The Use of E-Money Affects the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector in Sidoarjo City.
THE EFFECT OF INVESTMENT DECISIONS, CAPITAL INTENSITY, POLLITICAL CONNECTION AND CAPITAL STRUCTURE ON FIRM VALUE IN PUBLIC STATE-OWNED COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2022 Sri Handayani; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 4 (2025): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i4.69

Abstract

Objective: This study aims to determine the Influence of Investment Decisions, Capital Intensity, Political Connection and Capital Structure on Company Value in State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022. Method: This research is a type of quantitative research. The sampling method used is the purposive sampling method. The number of companies sampled in this study is 23 State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022. The data source used is secondary data. The data analysis method used in this study is Multiple Linear Regression with SPSS version 27 data processing tools. Results: The results of this study indicate that Investment Decisions Affect Company Value. Capital Intensity Affects Firm Value. Political Connection Affects Firm Value. Capital Structure Affects Firm Value. Novelty: This study provides new insights by simultaneously examining the effect of Investment Decisions, Capital Intensity, Political Connection, and Capital Structure on Company Value specifically in State-Owned Enterprises listed on the Indonesia Stock Exchange during the 2019–2022 period, which has not been comprehensively explored in previous studies.
Learning Interest and Spiritual Intelligence in Sharia Accounting Learning Outcomes: Minat Belajar dan Kecerdasan Spiritual dalam Hasil Belajar Akuntansi Syariah Dioventa, Ambar; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 19 No. 4 (2024): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v19i4.1245

Abstract

Background: Educational factors such as learning interest and spiritual intelligence are vital for academic performance. Specific Background: Understanding their impact within sharia accounting courses is crucial for improving student outcomes. Knowledge Gap: Few studies have examined the interplay of learning interest, spiritual intelligence, and motivation in this specific context. Aims: This research investigates the relationships among these factors and their effects on learning outcomes in sharia accounting courses. Results: A quantitative analysis involving 152 undergraduate accounting students revealed that both learning interest and spiritual intelligence positively influence learning outcomes. Furthermore, motivation moderates these relationships effectively. Novelty: This study offers new insights into how psychological factors interact to affect student performance in sharia accounting. Implications: Findings indicate that enhancing learning interest and spiritual intelligence can improve educational outcomes, with motivation as a critical moderator, thus guiding educators in developing effective teaching strategies. Highlights : Learning interest significantly enhances academic performance in sharia accounting. Spiritual intelligence contributes positively to learning outcomes in the course. Motivation serves as a crucial moderator between learning factors and student success. Keywords: Learning Interest, Spiritual Intelligence, Learning Outcomes, Motivation, Sharia Accounting
Peningkatan Kapasitas Keuangan UMKM Melalui Digitalisasi dan Pendekatan Laporan Keuangan Sederhana Untuk Keberlanjutan Bisnis Prapanca, Detak; Nirwana, Nihlatul Qudus Sukma; Ramadani, Gesti Novi; Dewi, Widya Kusuma
Surya Abdimas Vol. 9 No. 4 (2025)
Publisher : Universitas Muhammadiyah Purworejo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37729/abdimas.v9i4.6402

Abstract

Desa Suko yang berada di kabupaten Sidoarjo, memiliki potensi besar dalam pengembangan UMKM, khususnya sektor makanan dan minuman. Namun, pelaku UMKM menghadapi kendala dalam pengelolaan keuangan dan pemasaran digital. Program pengabdian ini bertujuan meningkatkan kapasitas UMKM melalui pelatihan digitalisasi dan penyusunan laporan keuangan sederhana. Metode pelaksanaan kegiatan berupa pelatihan praktis tentang digital marketing yang diikuti oleh mitra di wilayah Suko. Hasil pre-test menunjukkan rata-rata literasi keuangan peserta sebesar 42 persen, meningkat menjadi 78 persen pada post-test. Selain itu, 85 persen peserta berhasil menghitung HPP secara tepat, serta 70 persen peserta membuat akun media sosial usaha baru (WhatsApp Business, Instagram, atau TikTok) untuk memasarkan produknya. Dengan demikian, pelatihan ini terbukti memberikan dampak empiris dalam meningkatkan efisiensi dan profesionalitas UMKM di desa Suko. Secara akademik, hasil kegiatan ini memperkuat literatur tentang efektivitas pelatihan praktis berbasis digitalisasi dan keuangan sederhana sebagai strategi pemberdayaan UMKM. Kegiatan ini juga mendukung pencapaian SDGs, khususnya pengentasan kemiskinan (SDG 1) dan pertumbuhan ekonomi inklusif (SDG 8)
Business Risk, Financial Risk, and Stock Price in Determining Firm Value: Risiko Bisnis, Risiko Keuangan, dan Harga Saham dalam Menentukan Nilai Perusahaan Amanda, Silvia; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1429

Abstract

Background: Firm value is an essential indicator reflecting investors’ perceptions of company performance, and it is closely related to business risk, financial risk, and stock price. Specific Background: Prior studies show inconsistent findings regarding how these three factors relate to firm value. Knowledge Gap: Limited research examines the combined contribution of business risk, financial risk, and stock price within the same analytical model. Aim: This study aims to analyze the relationship between those variables and firm value. Results: The findings show that each variable demonstrates a measurable relationship with firm value, although the direction and strength differ across indicators. Novelty: This study offers a more integrated assessment by simultaneously incorporating three risk-related factors in one empirical model. Implications: The results contribute to financial management literature and provide insights for investors in evaluating corporate risk profiles. Highlights:• Business risk and financial risk show measurable relationships with firm value• Stock price contributes to investors’ valuation of companies• Integrated analysis strengthens the understanding of corporate risk dynamics Keywords: Business Risk, Financial Risk, Stock Price, Firm Value, Corporate Finance
Company Growth, Profitability, and Capital Structure in Food and Beverage Firms: Pertumbuhan Perusahaan, Profitabilitas, dan Struktur Modal di Perusahaan Makanan dan Minuman Fafarita , Alliansi Wulan; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1435

Abstract

General Background: Capital structure decisions play a crucial role in maintaining corporate financial stability. Specific Background: Food and beverage companies face dynamic funding needs due to operational expansion and market competition. Knowledge Gap: Empirical evidence on how company growth and profitability relate to capital structure in this sector remains limited for the 2019–2023 period. Aims: This study investigates the relationship between company growth, profitability, and capital structure. Results: Using multiple linear regression on 19 food and beverage companies listed on the Indonesia Stock Exchange, the findings indicate that both company growth and profitability are significantly associated with capital structure. Novelty: This study provides updated empirical evidence using recent financial data in the Indonesian food and beverage sector. Implications: The results offer practical insights for corporate managers in formulating financing strategies based on firm growth and profitability performance. 11545 Other,+Report_JURNAL+Alli… Highlight & Keyword (Bold, English) Highlights: Company growth is associated with capital structure Profitability shows a significant relationship with leverage Food and beverage sector financing characteristics Keywords: Company Growth, Profitability, Capital Structure, Food and Beverage Firms, Financial Structure
Liquidity in People's Credit Banks: NPL and Operational Costs in Sidoarjo, Indonesia: Dampak Non-Performing Loan dan Biaya Operasional terhadap Likuiditas Bank Perkreditan Rakyat Konvensional: Studi di Sidoarjo, Indonesia. Isnaini; Nihlatul Qudus Sukma Nirwana
Academia Open Vol. 9 No. 2 (2024): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.2673

Abstract

This study aimed to investigate the effect of Non-Performing Loan and Operational Costs on the liquidity of conventional People's Credit Banks in Sidoarjo, Indonesia. The study used a quantitative research method with a multiple regression analysis processed using SPSS version 23. The sample consisted of 35 People's Credit Banks out of 59 registered in the Otoritas Jasa Keuangan during the 2020 period. The results showed that Non-Performing Loan and Operational Costs did not have a partial effect on liquidity, but they had a simultaneous effect on liquidity. Highlights: The study focuses on the impact of Non-Performing Loan and Operational Costs on liquidity in People's Credit Banks in Sidoarjo, Indonesia. Quantitative research method and multiple regression analysis using SPSS version 23 were employed for data analysis. Findings indicate a simultaneous effect of Non-Performing Loan and Operational Costs on liquidity in these banks. Keywords: Non-Performing Loan, Operational Costs, Liquidity, People's Credit Banks, Indonesia
ROA and CR's Impact on Stock Prices in IDX Main Dealers (2017-2020): Dampak ROA dan CR terhadap Harga Saham pada Perusahaan Perbankan di IDX Main Dealers (2017-2020) Riza Almaidah; Nihlatul Qudus Sukma Nirwana
Academia Open Vol. 7 (2022): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.7.2022.4546

Abstract

This study investigates the relationship between Return On Assets (ROA), Current Ratio (CR), and Stock Prices for Bank Companies listed in the Main Dealers of the Indonesia Stock Exchange (IDX) during the period 2017-2020. The research employs purposive sampling to select the sample, and Multiple Linear Regression as the data analysis method. The findings reveal that ROA significantly influences Stock Prices in Bank Companies listed in the IDX Main Dealers during the specified period, while CR also exerts a significant impact on Stock Prices. This research contributes to the existing literature by providing empirical evidence of the relationship between financial ratios and stock market valuation for the banking sector. The implications of these findings highlight the importance of profitability (ROA) and liquidity (CR) in influencing the stock market performance of bank companies, thereby aiding investors, analysts, and policymakers in making informed decisions regarding investment and regulatory measures in the banking industry. Highlights: Financial ratios (ROA and CR) have a significant impact on stock prices. Bank companies listed in the IDX Main Dealers are influenced by ROA and CR. The study provides empirical evidence and insights for the banking sector (2017-2020). Keywords: ROA, CR, Stock Prices, Bank Companies, IDX Main Dealers