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Analysis of Factors Affecting the Level of Cash Holdings on Non-Financial Companies Rahmadhani, Sari; Taswan, Taswan; Bhandari, Rahul; Rusli, Muhamad Saufi Che; Astillero, Marlon Rael; Irawan, Nico; Miftakhurniyati, Miftakhurniyati
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 6 No 3 (2023): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v6i3.5527

Abstract

The existence of cash in a company's financial balance sheet is an important component. Without cash, the company's activities will not be able to run. This research aims to analyze and provide empirical evidence regarding the influence of growth opportunity, net working capital, cash conversion cycle, cash flow, and firm size on cash holding in non-financial companies listed on the Indonesia Stock Exchange, Stock Exchange of Thailand and National Stock Exchange of India in 2018-2022. This research uses secondary data collected. The data used is non-financial company financial report data from 2018-2022. The sample for this research was taken using a purposive sampling technique, namely determining samples that met certain criteria so that 269 companies were used as samples in this research. The research data was then analyzed using Partial Least Square (PLS-SEM). Based on the test results using statistical tests, it shows that the growth opportunity and firm size variables have a significant negative effect on cash holding, the net working capital and cash flow variables have a significant positive effect, while the cash conversion cycle variable does not affect cash holding.
Digital Political Communication on Twitter: Analysis of Gerindra Party’s Branding and Voter Engagement in Indonesia’s 2024 Election​ Suparto, Diryo; Kushandayani; Dwimawanti, Ida Hayu; Yuniningsih, Tri; Habibullah, Akhmad; Bhandari, Rahul
KOMUNIKA: Jurnal Dakwah dan Komunikasi Vol. 20 No. 1 (2026)
Publisher : Fakultas Dakwah UIN Saizu Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/komunika.v20i1.13655

Abstract

Social media confers numerous benefits that exert substantial influence within society, establishing Twitter as a prominent platform for political communication. This research examines the effect of Gerindra Party's Twitter account on shaping voter engagement in the 2024 election. The Gerindra Party maintains the Twitter account named 'Gerindra', which has published 3,250 tweets and has garnered 679,854 followers.  The research employs a descriptive qualitative method to analyze the Twitter accounts of the Gerindra and Prabowo parties, specifically the accounts of Gerindra and Prabowo.  In analyzing the data, the NVivo 14 Plus application is used to explore the various relationships and networks within the version.  The data analysis process in this research begins with the data input stage, which retrieves data from Twitter using the NCapture feature in NVivo. This stage encompasses data collected from the start of the active account, followed by coding, exploration, data visualization, data presentation, and conclusion.  The study reveals that the Gerindra Party utilizes Twitter strategically for political communication and digital branding, thereby shaping its public image and fostering voter loyalty. It finds that product-oriented and ideological campaigns, including social-issue messages and the “Gemoy” candidate branding, are more dominant than purely candidate-focused content. It also reveals that, despite a large follower base, engagement remains moderate and is driven more by Prabowo Subianto’s personal appeal than by institutional messaging.​