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Analysis of village-owned enterprises (BUMDes) welfare: Social capital as moderation Yustin, Else Meilani; Baroroh, Hilmy
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.8687

Abstract

Proper management of  village-owned enterprises (BUMDes) can be one of the pillars of independence for villages to realize mutual benefit and has multiplier effect for their members. The purpose of this study is to investigate the impact of the performance of BUMDes on the welfare of management and BUMDes members, using social capital as a moderation variables evidence from Sleman Regency. This BUMDes performance measurement uses three components of performance measurement, there are: responsiveness, responsibility, and accountability. Well-being is measured using income variables. The sample size of this study around 11 BUMDes with a total of 50 respondents. This study used quantitative methods with PLS-SEM analysis model and WarpPLS 7.0 analysis tool. These findings reveal that responsiveness, responsibility, and accountability have an impact on the revenues of management and BUMDes members. Meanwhile, the variable of social capital moderation can only strengthen the relationship between the responsiveness of BUMDes to the income of BUMDes management and BUMDes members. The implication of the study  to improve the quality of human resources and the ability to commit to managing BUMDEs as crucial factors to increase BUMDEs performances and lead to an increase in their member's welfare.
Sustainability disclosure and firm value: The intervening role of financial performance Baroroh, Hilmy; Usholikhah, Nisa’ul
Jurnal Ekonomi & Keuangan Islam Volume 12 No. 1, January 2026
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol12.iss1.art5

Abstract

Purpose – This study examines the extent to which non-financial reporting affects firm value.Methodology – This study employs panel data regression analysis using Generalized Least Squares (GLS) and Sobel tests to examine the mediation relationship between variables. The sample consists of companies listed on the IDX Sharia Growth database from 2020 to 2023, with an effective constituent period of December 2023 to May 2024.Findings – The results show that sustainability reports have a negative and significant effect on financial performance, while risk management and intellectual capital have positive and significant effects on financial performance. Sustainability reports do not affect firm value, while risk management and intellectual capital have a negative and significant effect on firm value, while financial performance has a positive and significant effect on firm value. Financial performance negatively mediates the relationship between sustainability reports and firm value. Implications – This research can provide insights for academics and various stakeholders in their efforts to increase firm value, from a management, investment, policy, or social responsibility perspective. Academics can explore how these factors interact in other industries or countries as well as how changes in regulation or market conditions affect these relationships.Originality – This study fills this gap by exploring the factors that influence firm value in the IDX Sharia Growth. It also used additional intervening variables to provide more comprehensive results.
Activity Diversification, Performance, And Profitability In Islamic Banking Hilmy Baroroh
Jurnal Ilmiah Ekonomi Islam Vol. 9 No. 2 (2023): JIEI : Vol.9, No.2, 2023
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v9i2.8098

Abstract

Diversification of financing in Islamic banking is a strategy to improve performance. However, can the diversification of financing carried out by Islamic banks increase profitability? And is financing diversification able to reduce financing risks? The study wanted to prove these two theories by using data from the Islamic Banking Report for the 2016-2021 Period using the HHI indicator to diversify financing. Three categories of financing diversification are contract-based, financing-based, and economic sector-based. Profitability in the study was measured using the ROA ratio and the risk of bad debts with the NPF ratio. The result of this study is that the diversification of contract-based financing affects ROA in a negative direction and has a positive effect on NPF. On the other hand, financing diversification based on the use of financing does not affect increasing profitability and has a positive impact on the risk of bad debts. Meanwhile, sector-based financing diversification has a significant effect on increasing profitability and has a significant negative impact on reducing the risk of bad debts in Islamic banks.
Hedging In Indonesian Sharia Stock Index Manufacturing Companies Hilmy Baroroh; Sarpiatun Hasanah
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 5 No. 1 (2023)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2023.5.1.17978

Abstract

Purpose - This study aims to determine the influence of financial distress, profitability, and liquidity on hedging activities in manufacturing companies listed on the Indonesian Sharia Stock Index during the period 2016-2020.Method - The analysis in this study uses logistic regression analysis to answer the research questions. The study utilizes purposive sampling technique to determine the sample, and total of 80 samples are obtained from manufacturing companies listed on the Indonesian Sharia Stock Index during the period of 2016-2020.Result - The results of this study that financial distress, proxied by the Altman Z-score model, does not have a significant effect on hedging activities in manufacturing companies. On the other hand, profitability, proxied by return on assets, has a positive and insignificant effect on hedging activities in manufacturing companies, while liquidity, proxied by the current ratio, has a negative and significant effect on hedging activities in manufacturing companies.Implication - In this study, uses secondary data obtained from the annual report and financial reports of manufacturing companies listed on the Indonesian Sharia Stock Index during the period 2016-2020.Originality - Future research is expected to be able to add or replace different proxies, particularly those related to financial distress, will be utilized in the theory of hedging activities. This will expand the discussion on the determinants of hedging policy in manufacturing companies in Indonesia. 
Oil Price Volatility And Macroeconomics, Does It Affect The Performance Of Islamic Stocks In The Jakarta Islamic Index? Hilmy Baroroh; Mohammad Shadam Taqiyyuddin Azka; Sabrina Nur Afifah
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 5 No. 2 (2023)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2023.5.2.18037

Abstract

Purpose - This study aims to determine the effect of world crude oil prices and macroeconomics on the performance of Islamic stocks in the Jakarta Islamic Index (JII).Method - The research approach uses quantitative with the Autoregressive Distributed Lag (ARDL) method to analyze the short-term and long-term influence. The research sample was taken from as many as 29 companies included in the JII Index with the observation period from 2016-2022.Result - The results of this study show that the relationship between crude oil prices and Islamic stock performance has a significant negative effect. The rupiah exchange rate has a significant negative effect on the performance of Islamic stocks. Central bank interest rates, in this case using the BI Rate, have a significant positive effect on the performance of Islamic stocks. Inflation has a significant positive effect on the performance of Islamic stocks.   Implication - This study uses Islamic stock performance data from each company listed in the Jakarta Islamic Index and macroeconomic data obtained based on bank indonesia reports and crude oil prices derived from WTI crude oil prices.  Originality- This study looks at the short-term and long-term effects of crude oil prices and macroeconomics on the performance of Islamic stocks in the JII. The ARDL method is used to provide accurate results.  
OPTIMALISASI MEDIA SOSIAL DAN WEBSITE SEBAGAI MEDIA PROMOSI DESA WISATA LOYOK: OPTIMALISASI MEDIA SOSIAL DAN WEBSITE SEBAGAI MEDIA PROMOSI DESA WISATA LOYOK Hilmy Baroroh; Fathur Haer; Maulina Yusfiani; Sri Vita Azhari; Wahyu Anggraini; Marini Marini
Jurnal Pengabdian Masyarakat Bumi Rafflesia Vol. 5 No. 1 (2022): Jurnal Pengabdian Kepada Masyarakat Bumi Raflesia
Publisher : Universitas Muhammadiyah Bengkulu

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

Abstract

Desa Loyok adalah desa yang berlokasi di Kabupaten Lombok Timur. Desa ini memiliki potensi wisata alam dan ekonomi kreatif berupa kerajinan anyaman bambu. Desa Loyok memerlukan adanya suatu sistem untuk mempromosikan desa serta produk kerajinan anyamannya. Sumber daya manusia belum dapat memanfaatkan teknologi internet dengan baik. Metode pelaksanaan kegiatan ini diawali dengan observasi langsung ke lokasi, selanjutnya dilaksanakan juga kegiatan penyuluhan literasi digital yang tujuannya untuk memberikan pengetahuan dan wawasan tambahan terkait dengan digitalisasi marketing wisata dan produk-produk kerajinan Desa Loyok. Selain itu, kegiatan pembuatan media sosial dan website dilaksanakan selama satu minggu. Pada akhir kegiatan dilaksanakan launching website dan sosial media sebagai wadah digital marketing kerajinan dan wisata di Desa Loyok. Keyword: Digital Marketing, Desa Wisata, Kerajinan Bambu, Literasi Digital, Website
Measuring Intellectual Capital: How to Manage Modified Value Added Intellectual Coefficient in Islamic Banking? Hilmy Baroroh; Navisatul Muna; Nurhalyza Maulydha Pambudi
Sharia Economic and Management Business Journal (SEMBJ) Vol. 6 No. 3 (2025): Sharia Economic and Management Business
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v6i3.2190

Abstract

Background: This study aims to examine the impact of Intellectual Capital (M-VAIC) and its components Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Relational Capital Efficiency (RCE) on firm value (Tobin’s Q), with profitability (ROA) serving as a moderating variable, in Islamic banking companies. Method: This study employs purposive sampling to select data samples, focusing on Islamic banking companies, including Bank Umum Syariah (BUS) and Unit Usaha Syariah (UUS), listed on the stock exchange during the period from 2019 to 2023. Data analysis is performed using Panel Data Regression and Moderating Regression Analysis with the aid of Stata 17. Results: The results indicate a significant effect of IC, SCE, and RCE on firm value, while CEE and HCE do not have a significant impact. Additionally, profitability significantly moderates the relationship between intellectual capital and firm value. Conclusion: The results show that the value of a bank in the eyes of the market is no longer solely determined by its physical assets or financial capital; instead, intangible strengths such as efficient internal systems, reliable technology (Structural Capital), and strong relationships with customers and communities (Relational Capital) are the main drivers of firm value. This study takes a modern and relevant approach by analyzing the most recent period (2019-2023) and specifically incorporating "Relational Capital" into its analysis.
Asset Growth In Sharia Insurance: Macroeconomic and Internal Factors of Sharia Insurance Companies in Indonesia Hilmy Baroroh
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol. 13 No. 2 (2021)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/amwal.v13i2.9018

Abstract

AbstractSharia insurance presents an alternative system in insurance operation with risk sharing in ta'awun (cooperative). Knowledge and insight into reality and trends are used to assess and decide sharia insurance operationalization policies. This study analyzed the growth of Islamic insurance company assets in Indonesia in 2016-2020. The data is sourced from the Sharia Financial Statement Statistics published by OJK and Bank Indonesia Statistics from 2016 - 2020 with multiple linear regression analysis methods. This research aims to find out the influence of internal variables and external variables on the assets growth of sharia insurance in Indonesia. In this study, there are two variables, namely dependent variables and independent variables. Dependent variables are the assets growth of sharia insurance in Indonesia (PERASSET), and independent variables, namely GDP (GDP), inflation (INF), contribution (KONB), investment (INVEST), and operating costs (BOPERATE). The results of this study GDP, Inflation, Contributes, and Investment affects Sharia insurance's assets growth. While operating costs do not affect the assets growth of sharia insurance companies.Keywords: Sharia Insurance, Asset Growth, GDP, Inflation, Contribution, Investment, Operating Costs
Financial Stability of Indonesia’s Islamic Banks: Analysis Profitability Rahmat Kurnia; Hilmy Baroroh; Riska Fauziah Hayati; Haura Hazimah Melzatia; Rakotoarisoa Maminirina Fenitra
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8082

Abstract

The study explores the financial well-being of Islamic banks in Indonesia, focusing on profitability as reflected in the Return on Assets (ROA) ratio. This article brings attention to the issue of certain Sharia Commercial Banks in Indonesia exhibiting poor financial conditions, as indicated by low ROA figures. The primary aim of the research is to evaluate the impact of Good Corporate Governance (GCG), Non-Performing Financing (NPF), and the ratio of Operational Costs to Operational Income (BOPO) on the financial sustainability of these banks. This research adopts a quantitative approach, utilizing secondary data sourced from financial and Good Corporate Governance reports spanning the years 2018 to 2022. The analysis is conducted using panel data regression with the aid of EViews 12 software. The study covers 11 Sharia Commercial Banks in Indonesia over a five-year period, resulting in a sample of 55 observations obtained through purposive sampling. The findings indicate that Good Corporate Governance and Non-Performing Financing significantly influence the Return on Assets, underscoring the critical role these factors play in maintaining financial stability. In contrast, the BOPO ratio does not exert a significant effect on ROA. Furthermore, the results of the simultaneous regression analysis confirm that GCG, NPF, and BOPO collectively have a meaningful impact on the financial performance of Islamic banks, as measured by ROA. Penelitian ini mengeksplorasi kesehatan finansial bank syariah di Indonesia, dengan penekanan pada profitabilitas yang diukur melalui rasio Return on Assets (ROA). Artikel ini menyoroti permasalahan beberapa Bank Umum Syariah di Indonesia yang menunjukkan kondisi keuangan yang kurang baik, yang tercermin dalam rendahnya angka Return on Assets (ROA). Penelitian ini bertujuan untuk menilai pengaruh Good Corporate Governance (GCG), Non-Performing Financing (NPF), dan rasio Biaya Operasional terhadap Pendapatan Operasional (BOPO) terhadap keberlanjutan keuangan bank-bank ini. Pendekatan penelitian ini bersifat kuantitatif, dengan menggunakan data sekunder yang diperoleh dari laporan keuangan dan laporan Good Corporate Governance dalam rentang waktu 2018 hingga 2022. Analisis dilakukan menggunakan regresi data panel dengan bantuan perangkat lunak EViews 12. Penelitian ini melibatkan 11 Bank Umum Syariah di Indonesia selama lima tahun, dengan total 55 observasi yang diperoleh melalui teknik purposive sampling. Hasil penelitian menunjukkan bahwa Good Corporate Governance dan Non-Performing Financing memiliki pengaruh signifikan terhadap Return on Assets, yang menggarisbawahi pentingnya kedua faktor tersebut dalam mempertahankan stabilitas keuangan. Sebaliknya, rasio BOPO tidak menunjukkan dampak yang signifikan terhadap ROA. Selain itu, hasil analisis regresi simultan mengukuhkan bahwa GCG, NPF, dan BOPO secara bersama-sama memberikan pengaruh yang berarti terhadap kinerja keuangan bank syariah, yang diukur melalui ROA.