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Perbedaan NPF dan FDR Bank Muamalat antara Sebelum dan Selama Pandemi Covid-19 Pringgabayu, Dematria; Afgani, Kurnia Fajar; Ricederia, Alda
Jurnal Maps (Manajemen Perbankan Syariah) Vol 4, No 2 (2021)
Publisher : Universitas Ma'soem

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32483/maps.v4i2.59

Abstract

This research was conducted to analyze and describe the NPF and FDR ratio of Bank Muamalat Indonesia between before and during the Covid-19 pandemic. The method used in this research is quantitative with research data in the form of secondary data. The data were collected using the documentation method and analyzed using the descriptive statistic and independent sample t-test. The results of the study state that the NPF and FDR value of Bank Muamalat Indonesia was differ between before and during the Covid-19 pandemic, although not statistically significant. The difference in terms of NPF indicates that the financing risk faced by Bank Muamalat Indonesia during the pandemic period is greater. The difference in terms of FDR indicates the existence of prudence from banks in distributing financing to the public because the business situation is not conducive during the Covid-19 pandemic.
PREDICTING CORPORATE BANKRUPTCY: BASED ON MDA TEXTILE AND GARMENT ON INDONESIA STOCK EXCHANGE Afgani, Kurnia Fajar; Rivanda, Agil Krisna; Purbayati, Radia

Publisher :

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (74.74 KB) | DOI: 10.31955/mea.v5i2.1392

Abstract

During the Covid-19 Pandemic, Indonesian companies, especially the various industrial sectors, were affected in various ways. This may have an impact especially in the textile and garment sub-sector, while one of the strategic sectors that continue to make a significant contribution to the national economy, such as exports of non-oil foreign exchange earner, employment, and domestic needs. It is therefore important to know the company's bankruptcy to do with predicting bankruptcy. This study uses a statistical model of multiple discriminant analysis (MDA). This is a model developed by Altman in a study to predict the failure of a company.The statistical method used is discriminant analysis using five Altman variables, namely working capital/total assets, retained earnings/total assets, earnings before interest/total assets, and taxes, market value equity to book value of total debt and sales to total assets. There are 17 textile and garment companies available on the Indonesia Stock Exchange for the period 2015 to 2020. The results also show that the five independent variables used are significant in distinguishing between the bankruptcy prediction group and the non-bankruptcy prediction group through the F test and the Wilks Lambda test. At < 0.05, the ratio of WC/TA and EBIT/TA is the most dominant independent variable in distinguishing between groups that are predicted to be bankrupt and not bankrupt
Exploring the Role of Social Media Platforms in Promoting Tourism Diversity Suryana, Marceilla; Susanto, Eko; Prawira, Mega Fitriani Adiwarna; Afgani, Kurnia Fajar
Journal of Business Management Education (JBME) Vol 9, No 1 (2024)
Publisher : Business Education Program of Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jbme.v9i1.68781

Abstract

This study explores the effectiveness of social media platforms for promoting various tourist attractions, including natural, man-made, and cultural tourism sites. By employing a descriptive research approach with a quantitative method, the study utilizes conjoint analysis with 100 respondents to gather insights. The findings reveal distinct tourist preferences regarding social media platforms for different attractions. Specifically, Instagram emerges as the most effective platform for promoting natural tourism, while Twitter shows less success. Conversely, YouTube is preferred for promoting cultural tourism, while Twitter is less effective. Twitter is perceived as relatively successful for man-made tourism, although not as effective as YouTube. These results highlight the importance of tailoring social media strategies based on the characteristics of each tourist attraction type rather than solely relying on platform popularity.
Jaringan Dalam Mendorong Perempuan untuk Memulai dan Mempertahankan Bisnis: Tinjauan Literatur Sistematis Thousani, Hifzhan Frima; Afgani, Kurnia Fajar
Jurnal Riset Bisnis dan Investasi Vol. 9 No. 2 (2023): Jurnal Riset Bisnis dan Investasi
Publisher : Jurnal Riset Bisnis dan Investasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jrbi.v9i2.5704

Abstract

Kewirausahaan merupakan kekuatan pendorong pertumbuhan ekonomi global, seiring dengan semakin diakuinya kontribusi perempuan terhadap inovasi, penciptaan lapangan kerja, dan kesejahteraan secara keseluruhan. Penelitian ini menggunakan metodologi Sistematic Literature Review (SLR), yang memastikan eksplorasi pengetahuan yang ada secara menyeluruh dan tidak memihak. Memberikan wawasan penting mengenai dinamika kewirausahaan perempuan, studi ini menggarisbawahi bahwa keterampilan manajerial yang kuat meningkatkan kemungkinan perempuan membentuk kemitraan bisnis keluarga. Namun, diskriminasi gender yang meluas menimbulkan hambatan besar, yang berpotensi mengarahkan perempuan ke usaha mandiri. Pengusaha perempuan tahap awal sangat bergantung pada dukungan keluarga dan pemerintah, terutama dari suami, serta akses terhadap pengetahuan bisnis, sehingga sangat membentuk usaha mereka. Lanskap dinamis yang dihadapi pengusaha perempuan dipengaruhi oleh berbagai faktor yang dapat memfasilitasi atau menghambat keberhasilan. Studi ini menekankan peran kunci keterampilan manajerial dan mengakui diskriminasi gender sebagai hambatan yang besar, serta menggarisbawahi perlunya mengatasi tantangan-tantangan ini dalam mengembangkan ekosistem kewirausahaan yang inklusif.
EDUKASI DAN DEKSRIPSI MODEL OPERASIONAL BANK MAKANAN UNTUK MENGURANGI SAMPAH MAKANAN DAN MENINGKATKAN KETAHANAN PANGAN MASYARAKAT DI KOTA BANDUNG Pramuwidyatama, Muchammad Gumilang; Irawan, Gendis Ayu Satiti; Dewi, Emilia Fitriana; Pringgabayu, Dematria; Afgani, Kurnia Fajar
Jurnal Pengabdian UMKM Vol. 1 No. 1 (2022): Januari
Publisher : Pusat Studi UMKM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36448/jpu.v1i1.9

Abstract

Bank makanan adalah organisasi nirlaba yang mendistribusikan makanan berlebih dari berbagai sumber makanan dan menyalurkan ke organisasi dan keluarga prasejahtera. Namun, konsep bank makanan dan dampak yang bisa diciptakan melalui bank makanan masih belum diketahui oleh industri makanan, masyarakat, pemerintah, dan organisasi sosial. Kegiatan pengabdian kepada masyarakat ini bertujuan untuk mengenalkan khalayak umum tentang bank makanan serta mendeskripsikan model operasional dasar sebuah bank makanan. Dari hasil kegiatan ini, bank makanan bisa menjadi solusi yang efektif dan efisien untuk memanfaatkan makanan berlebih untuk meningkatkan ketahanan pangan masyarakat di Indonesia.
Feasibility Study of A New Concept “Warung Mie” Store of XYZ Restaurant in Amsterdam Hana, Felicia; Afgani, Kurnia Fajar
Mandalika Journal of Business and Management Studies Vol 2 No 2 (2024): Mandalika Journal of Business and Management Studies
Publisher : Mandalika Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59613/mjbms.v3i1.139

Abstract

XYZ restaurant is a takeaway restaurant offering homemade Indonesian dishes located in Amsterdam. After 3 years of operating, restaurant XYZ realized that the majority of customers pick noodles as their most favorite dish, which tends to sell out every day. The restaurant identified an opportunity to focus on noodle-based dishes by establishing a Warung Mie concept store in Amsterdam. This decision is supported by Amsterdam's status as an international city with a diverse culinary scene and the potential growth of the noodle market in the Netherlands. Moreover, many Dutch people are familiar with Indonesian cuisine. The project requires an initial investment of €154,062. Therefore, before implementing the project, the owner would like to analyze its feasibility and associated risks, which is the purpose of this study. There are five stages in constructing the feasibility study: constructing pro forma financial statements, calculating the weighted average cost of capital, calculating free cash flow to the firm (FCFF), conducting a financial feasibility analysis, and performing a risk assessment. The tools used to assess feasibility include the payback period (PP), net present value (NPV), internal rate of return (IRR), and profitability index (PI). Moreover, sensitivity analysis is used to conduct the risk analysis and assess the project's resilience to changes in key variables. Based on the market and financial analysis, the project is feasible and will generate profit in the future. The payback period would be 5 years, 1 month, and 3 days; NPV is €210,176; IRR is 19.5%; and PI is 2.4. The sensitivity analysis highlights that variations in total sales are the most impactful variable to the NPV, followed by salaries and wages. Therefore, restaurant XYZ is advised to focus on improving total sales. Additionally, implementing effective financial monitoring and control systems will help manage sales and salary expenses efficiently, mitigating potential risks associated with fluctuations in these variables.
Analisis Keuangan dan Risiko Perusahaan Transportasi Angkutan Darat Selama Pandemi COVID-19 Nainggolan, Yunieta Anny; Syaputri, Annisa Rizkia; Afgani, Kurnia Fajar; Purbayati, Radia; Subaryata, Subaryata
Jurnal Transportasi Multimoda Vol. 21 No. 2 (2023): Desember
Publisher : Puslitbang Transportasi Antarmoda-Kementerian Perhubungan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25104/mtm.v21i2.2133

Abstract

Pandemi COVID-19 yang terjadi sejak awal tahun 2020 menyebabkan mobilitas masyarakat menurun secara drastis yang menyebabkan penurunan volume penumpang dan berdampak pada kelangsungan bisnis operator transportasi angkutan penumpang. Berbagai upaya dilakukan pemerintah untuk dapat mengendalikan penyebaran virus dengan anjuran berkegiatan di rumah. Selain anjuran tersebut, pemerintah juga mewajibkan penerapan protokol kesehatan yang ketat terutama di area public, termasuk transportasi umum. Hal tersebut berdampak pada biaya operasional kendaraan (BOK) operator bisnis transportasi. Penelitian ini bertujuan untuk mengidentifikasi kondisi keuangan dan risiko operator transportasi angkutan darat selama pandemi COVID-19 yang dilihat dari tiga aspek, yaitu struktur biaya, rasio keuangan dan risiko. Data yang dikumpulkan diperoleh melalui Focus Group Discussion (FGD) dan berbagai sumber daring. Hasil penelitian ini menunjukkan bahwa struktur biaya sangat memengaruhi pendapatan operator dikarenakan adanya biaya penerapan protokol kesehatan. Identifikasi rasio keuangan memprediksi terjadinya penurunan kinerja sebagai dampak pandemi. Hasil identifikasi risiko menunjukkan bahwa risiko paling tinggi adalah penurunan pendapatan dan terjadinya kredit macet serta meningkatnya biaya operasional. Hasil penelitian ini diharapkan dapat menjadi dasar bagi operator bisnis transportasi angkutan darat dalam menyusun strategi selama masa pendemi. Selain itu, penelitian ini diharapkan dapat menjadi dasar pertimbangan bagi pemerintah untuk memberikan stimulus agar operator dapat menjalankan bisnisnya. Adapun stimulus yang direkomendasikan adalah berupa subsidi biaya protokol kesehatan, subsidi perizinan serta keringanan pajak dan pinjaman.
The Effects of ESG on Firm Performance and Firm Value: A Study of Indonesian and Malaysian Listed Companies Rasyad, Rafi Kennaufal; Afgani, Kurnia Fajar; Ali, Qaisar
Journal Integration of Management Studies Vol. 2 No. 1 (2024)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i2.118

Abstract

The effect of ESG on firm value and financial performance of a company is a well-researched and controversial topic in academic research, as many authors conclude different results in their studies. Previous studies suggest that ESG has a positive effect on firm value or financial performance, while some studies suggest the opposite, while some studies also suggest that only specific factors within ESG such as environmental, social, and governance factors significantly affect firm value and financial performance of a company. To contribute to current literature in the field and to resolve the dispute in controversial results, this study aims to assess the significance of ESG on firm value and financial performance of Indonesian and/or Malaysian public-listed companies, to deduce whether ESG has positive or negative effect of firm value and financial performance, and to determine which individual factors of ESG has the most affect to the overall ESG score of each Indonesian and/or Malaysian public-listed companies. As there has been limited research on the topic in Indonesia and Malaysia, the author uses PLS-SEM to analyze the effects of ESG scores on firm value and financial performance of 10 Indonesian public-listed companies and 15 Malaysian public-listed companies using available financial and ESG scoring data from YahooFinance during the 3rd quarter of the 2022 year. The study done using PLS-SEM suggests that ESG has a significant positive effect on financial performance (proxied using ROA or Return of Assets) while ESG has no significant but positive effect on firm value (proxied using Tobin’s Q value). In addition, factor analysis of the PLS-SEM model shows that from three pillars of ESG, only social and governance scores have a correlation with the overall ESG score.
Review of Asset Management Practice in Indonesian State-Owned Enterprise Rahadi, Raden Aswin; Indrayana, Gun Gun; Afgani, Kurnia Fajar; Darmansyah, Asep; Anggoro, Yudo; Halim, Robbyson; Fitrianda, Saldy; Purbayati, Radia; Astari, Airen Widhia; Ayudiatri, Safira
Journal Integration of Management Studies Vol. 2 No. 1 (2024)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v2i1.138

Abstract

This study examines Indonesian State-Owned Enterprises (SOEs) asset management methods, problems, and financial and operational performance effects. The report synthesizes case studies and academic research on how large organizations manage their huge and diverse asset portfolios and how governance, regulatory frameworks, and human resource practices affect their effectiveness. The research begins with case studies of talent management innovations from big Indonesian SOEs. These cases show how proactive human resource approaches can boost company commitment and reduce turnover, improving asset management efficiency. According to the research, governance and legal frameworks influence asset management techniques. Studies show that corporate governance quality affects SOE operational performance. The paper explores how reforms and legislation affect state asset management, highlighting the major changes in SOE governance and legal frameworks, particularly after economic and political reforms. Asset management difficulties for Indonesian SOEs include managing large and diverse asset portfolios, integrating modern management frameworks, and optimizing state asset revenue. According to the study, comprehensive asset management systems, governance transparency, and professional management can address these difficulties. The research examines how asset management strategies affect Indonesian SOE profitability, corporate governance, and performance measures. Strategic asset management boosts financial performance, especially profitability. SOE profitability is greatly affected by current asset and liability management. The study offers advice to Indonesian SOEs and policymakers. Enhancing financial and operational performance requires comprehensive asset management, governance changes, and strategic innovation. These efforts boost Indonesia's economy, demonstrating the importance of asset management in SOE performance.
Evaluating the Socio-Economic Effects of Fly Ash and Agricultural Waste on the Construction Sector Laory, Irwanda; Ekaputri, Januarti Jaya; Kusbiantoro, Andri; Rahadi, Raden Aswin; Setiamarga, Davin H. E.; Adha, Augusta; Afgani, Kurnia Fajar
Journal Integration of Management Studies Vol. 2 No. 2 (2024)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v2i2.232

Abstract

The building industry significantly impacts environmental degradation due to its reliance on conventional materials such as cement and concrete, which are associated with high carbon emissions and substantial energy consumption. This study explores the socio-economic impacts of substituting fly ash and agricultural waste for traditional construction materials. A comprehensive review of 50 peer-reviewed papers, industry reports, and online sources reveals that these alternative materials offer considerable benefits. Cost savings average between 15% and 20%, driven by reduced material costs and lower disposal requirements. Environmentally, using fly ash and agricultural waste significantly reduces greenhouse gas emissions, with fly ash cutting emissions by approximately 25% and agricultural waste by about 20%, primarily due to decreased energy consumption. Furthermore, technical assessments show that these materials enhance the strength and durability of concrete, meeting or exceeding conventional standards. The study also highlights broader socio-economic advantages, including support for rural economies through new markets for agricultural by-products and job creation in recycling and construction sectors. These findings suggest integrating fly ash and agricultural waste into construction practices can positively impact economic growth and environmental sustainability. However, the study acknowledges limitations such as reliance on secondary data and potential geographic biases. Future research should prioritize original data collection, long-term performance assessments, and investigation of regional material-use variations. This study underscores the practical and environmental benefits of incorporating these sustainable materials, contributing to a more eco-friendly construction industry.