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THE INFLUENCE OF DEBT POLICY AND PROFITABILITY ON COMPANY VALUE WITH DIVIDEND POLICY AS A MODERATION VARIABLE (STUDY ON COAL COMPANIES LISTED ON THE BEI) Asra, Muhammad; Nur, Nuriman M
Jurnal Apresiasi Ekonomi Vol 12, No 2 (2024)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31846/jae.v12i2.770

Abstract

This research aims to investigate the influence of Profitability, Debt Policy and Dividend Policy on Company Value, as well as evaluating whether Dividend Policy moderates the relationship between Profitability and Debt Policy and Company Value. Research data was analyzed using the Chow and Hausman tests to select the best model, as well as direct and indirect influence tests using the regression method and Sobel test. The results of the analysis show that Profitability has a negative impact on Dividend Policy, while Debt Policy does not have a significant direct influence on Company Value. Dividend Policy, on the other hand, shows a significant positive influence on Company Value. The Dividend Policy moderation test does not show a significant influence in moderating the relationship between Profitability and Debt Policy and Company Value. Thus, these findings indicate that in the context of this research, Dividend Policy plays an important role in shaping company value, while Profitability and Debt Policy are more likely to influence Dividend Policy than directly affecting Company Value. However, it is important to note that these conclusions may be influenced by the analysis methods and models used, as well as the specific characteristics of the research data. This research contributes to further understanding of the dynamics of corporate policy and corporate value in the context of corporate finance.Keywords:Debt Policy, Profitability, Company Value, Dividend Policy, Coal Companies, Indonesian Stock Exchange (BEI)
Development of cross-school-based Fiqh video learning media at Ma Al Mawaddah Warrahmah Kolaka Rais, Rara Armita; Hartono, Hartono; Asra, Muhammad
JUPE : Jurnal Pendidikan Mandala Vol 10, No 1 (2025): JUPE : Jurnal Pendidikan Mandala (Februari)
Publisher : Lembaga Penelitian dan Pendidikan Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/jupe.v10i1.8431

Abstract

This study aims to develop and evaluate the validity, practicality, and effectiveness of video-based instructional media. The research method used is Research and Development (R&D) with the ADDIE model (Analysis, Design, Development, Implementation, Evaluation). Validation was conducted by two experts assessing content feasibility, language, presentation, and graphic design, resulting in an average score of 3.58, categorized as highly valid. The practicality of the media was measured through observer assessments, achieving 92.5%, indicating ease of use and comprehension by students. Effectiveness testing was carried out using a one-group pre-test and post-test experimental design, yielding an average gain score of 0.62, classified as high. The findings indicate that video-based instructional media effectively enhances students’ comprehension. The study's implications suggest that this media can serve as an innovative learning alternative, but improvements in visual aspects, background sound, and text-image proportion are necessary for optimal performance. Further research is recommended to test this media on a broader population and compare it with other instructional methods. Therefore, the development of video-based learning media should continue to improve interactive and efficient learning experiences.
Implementation of Principal Academic Supervision in Improving the Performance of Islamic Religious Education Teachers Maryati, Maryati; Asra, Muhammad; Iqbal, Muh.
JISIP: Jurnal Ilmu Sosial dan Pendidikan Vol 9, No 2 (2025): JISIP (Jurnal Ilmu Sosial dan Pendidikan) (Maret)
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/jisip.v9i2.8418

Abstract

This study aims to analyze the implementation of the principal's academic supervision in improving the performance of Islamic Religious Education (PAI) teachers at MTs Al Mawaddah Warrahmah Kolaka. The research method used was descriptive qualitative with academic supervision approach. Data collection was conducted through interviews, observations, and documentation with the principal and PAI teachers as the main subjects of the research. The results showed that the academic supervision conducted by the principal has been running well, using various techniques such as clinical supervision, class visits, class observations, teacher meetings, evaluations, and follow-ups. Clinical supervision is the main method in providing guidance to teachers, while classroom visits and observations help in assessing teaching effectiveness. Evaluation is conducted periodically to assess the impact of supervision on improving teachers' professionalism. Follow-up in the form of individual coaching and additional training is also provided to teachers who still have shortcomings. The results of this study are in line with the theory of academic supervision which emphasizes the importance of guidance and monitoring in improving the quality of learning. Therefore, the implementation of systematic and sustainable academic supervision needs to be continuously developed to support the improvement of the quality of education in madrasah.
Total Quality Management in Improving Students’ Learning Discipline at SMA Negeri 06 Bombana Ashar, Muh.; Zakariah, M. Askari; Asra, Muhammad
JISIP: Jurnal Ilmu Sosial dan Pendidikan Vol 9, No 2 (2025): JISIP (Jurnal Ilmu Sosial dan Pendidikan) (Maret)
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/jisip.v9i2.8432

Abstract

This study aims to analyze the implementation of Total Quality Management (TQM) in improving student learning discipline at SMA Negeri 06 Bombana through the application of National Education Standards (SNP), which include process standards, management standards, and educator and education personnel standards. The research employs a qualitative case study approach, with data collected through non-participant observation, in-depth interviews, and documentation. Data validity is ensured through triangulation, while analysis is conducted using Fishbone Analysis, identifying the causes and solutions to student discipline issues. The findings indicate that the implementation of Process Standards through planning, execution, and evaluation of learning contributes positively to enhancing student discipline. Management Standards are applied through student council (OSIS) empowerment, strict teacher supervision, and periodic evaluations to ensure the effectiveness of discipline programs. Meanwhile, Educator and Education Personnel Standards focus on improving teacher competencies in instilling discipline values and serving as role models for students. The application of TQM in school management has proven effective in fostering a sustainable discipline culture among both students and educators. With an approach involving all stakeholders, the school has successfully created an academic environment that is conducive and oriented toward character development.
Development of electronic modules (e-modules) for islamic religious education (PAI) learning based on flipbook at SMPN 1 Tanggetada Rahmadani, Desri; Asra, Muhammad; Nurhayati, Nurhayati
Educenter : Jurnal Ilmiah Pendidikan Vol. 4 No. 3 (2025): Educenter: Jurnal Ilmiah Pendidikan (In progress)
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/educenter.v4i3.1644

Abstract

This research aims to develop a learning media in the form of a Flipbook-based E-Module for Islamic Religious Education (PAI) for seventh-grade junior high school students and to test its validity, practicality, and effectiveness. The method used is research and development with the ADDIE model. Validation was conducted by media experts and subject matter experts, while the practicality test was carried out by PAI teachers, and the effectiveness test was conducted on students through a questionnaire. The results of the media expert validation showed that the E-Module was classified as very valid with an average score of 3.9, while the subject matter expert validation obtained an average score of 3.3, which falls into the valid category. The practicality test by teachers obtained an average score of 95, which means it is very practical, indicating that the product is easy to use and meets the learning needs. Meanwhile, the effectiveness test obtained an average score of 91, which is categorized as very effective, with the material aspect receiving the highest score of 94. Based on these results, it can be concluded that the Flipbook-based E-Module developed is suitable for use in Islamic Religious Education and can enhance student engagement and understanding. This product can also serve as an alternative innovative learning media in the digital era.
Development of Islamic Character Education Teaching Materials for Prisoners Muhammad Akbar; Asra, Muhammad
Mimbar Ilmu Vol. 30 No. 2 (2025): August [ARTICLE IN PRESS]
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/mi.v30i02.96884

Abstract

The limitation of teaching materials in character development based on Islamic values for inmates has resulted in religious learning that does not fully address the moral, spiritual, and emotional aspects essential for rehabilitation. This study aims to develop and examine the effectiveness of an Islamic Education based textbook to strengthen the Islamic character formation of inmates. The research employed a Research and Development (R&D) approach, using the Borg & Gall model as the development framework and the Dick & Carey model for systematic instructional design. The development process included preliminary study, planning, initial product development, limited trials, and product refinement. Validation instruments were applied to assess content, language, and visual design, while data were analyzed using descriptive statistics (mean scores) and qualitative data reduction from observations and interviews. Validation results showed high average scores from material experts (3.52), instructional design experts (3.56), and language experts (3.66), indicating the product’s feasibility. Limited trials yielded a practicality score of 3.46, suggesting that the textbook is user-friendly and relevant to the needs of rehabilitation. The developed material encompassed eight main themes repentance, self-control, self-reflection (muhasabah), and spiritual relationship proven to reinforce inmates’ Islamic character. The findings confirm that textbooks based on religious values can serve as both educational and reflective media in inmate development and are recommended for replication in similar contexts to strengthen character-based education practices.
Development of electronic modules (e-modules) for islamic religious education (PAI) learning based on flipbook at SMPN 1 Tanggetada Rahmadani, Desri; Asra, Muhammad; Nurhayati, Nurhayati
Educenter : Jurnal Ilmiah Pendidikan Vol. 4 No. 3 (2025): Educenter: Jurnal Ilmiah Pendidikan (In progress)
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/educenter.v4i3.1644

Abstract

This research aims to develop a learning media in the form of a Flipbook-based E-Module for Islamic Religious Education (PAI) for seventh-grade junior high school students and to test its validity, practicality, and effectiveness. The method used is research and development with the ADDIE model. Validation was conducted by media experts and subject matter experts, while the practicality test was carried out by PAI teachers, and the effectiveness test was conducted on students through a questionnaire. The results of the media expert validation showed that the E-Module was classified as very valid with an average score of 3.9, while the subject matter expert validation obtained an average score of 3.3, which falls into the valid category. The practicality test by teachers obtained an average score of 95, which means it is very practical, indicating that the product is easy to use and meets the learning needs. Meanwhile, the effectiveness test obtained an average score of 91, which is categorized as very effective, with the material aspect receiving the highest score of 94. Based on these results, it can be concluded that the Flipbook-based E-Module developed is suitable for use in Islamic Religious Education and can enhance student engagement and understanding. This product can also serve as an alternative innovative learning media in the digital era.