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All Journal Jurnal Kajian Ekonomi Jurnal Ekonomi & Studi Pembangunan Jurnal Ikatan Alumni Fisika Universitas Negeri Medan Economac: Jurnal Ilmiah Ilmu Ekonomi JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) Ecosains KARST : Jurnal Pendidikan Fisika dan Terapannya Jurnal Ilmiah Manajemen Kesatuan Jurnal Ilmiah Akuntansi Kesatuan Jurnal Darma Agung Suluah Bendang: Jurnal Ilmiah Pengabdian Kepada Masyarakat Jurnal Ecogen Jurnal Kajian Ekonomi dan Pembangunan Jurnal Abdimas Dedikasi Kesatuan Jurnal Aplikasi Bisnis Kesatuan Jurnal Pengabdian Masyarakat Gemilang (JPMG) Jurnal Aplikasi Bisnis dan Komputer ARZUSIN: Jurnal Manajemen dan Pendidikan Dasar International Journal of Multidisciplinary Research of Higher Education (IJMURHICA) Media Riset Ekonomi Pembangunan (MedREP)
Zul Azhar
Unknown Affiliation
Religion Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Physics Public Health Social Sciences Other

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Pengaruh Pembangunan Infrastruktur Terhadap Pertumbuhan Ekonomi di Indonesia Putri, Pujria Rahma; Azhar, Zul
Jurnal Kajian Ekonomi dan Pembangunan Vol 6, No 1 (2024): Jurnal Kajian Ekonomi dan Pembangunan (Maret 2024)
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkep.v6i1.15837

Abstract

In sustainable economic development, good infrastructure development is needed so that people's needs are met. Judging from the economic growth rate of GRDP at constant prices according to fluctuating expenditure. This study aims to identify the effect of infrastructure development on economic growth in Indonesia. With the Panel Least Squares (PLS) method then proceed with the classical assumption test, with a panel regression model. Research on 34 provinces in Indonesia with a span of 10 years. The results of the study show that road infrastructure has a negative and insignificant effect on economic growth in Indonesia. Electricity Infrastructure has a positive and significant effect on Economic Growth in Indonesia. Telephone Infrastructure has a positive and significant effect on Economic Growth in Indonesia. Clean Water Infrastructure has a positive and significant effect on Economic Growth in Indonesia. It can be concluded that infrastructure development is very important for the development of a country. From the results of this study it is suggested to the government to pay more attention to empowerment policies that can support this. so as to achieve economic growth.
Analisis Pengaruh Pertumbuhan Ekonomi Terhadap Degradasi Lingkungan di Indonesia Dinilhaq, Wafi; Azhar, Zul
Media Riset Ekonomi Pembangunan (MedREP) Vol. 1 No. (1) (2024): MedREP: Volume 1, No. 1, Februari 2024
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/medrep.v1i(1).2

Abstract

This study aims to determine and analyze the effect of economic growth on environmental degradation in Indonesia. This study uses secondary data sourced from the World Bank and Global Carbon Project (GCP) with research variables divided into two parts, namely the bond variable which in this study is defined as environmental degradation and the independent variable consisting of economic growth , population density, energy consumption and trade linkages. This study uses multiple regression analysis. The results of this study reveal that: (1) Economic growth has a positive and significant effect on environmental degradation in Indonesia. (2) Population density has a positive and significant effect on environmental degradation in Indonesia. (3) Energy consumption has a positive and insignificant effect on environmental degradation in Indonesia. (4) Trade openness has a positive and insignificant effect on environmental degradation in Indonesia (5) Economic growth, population density, energy consumption and emergence of trade have a simultaneous effect on environmental degradation in Indonesia.
Determinan Ketimpangan Pembangunan di Indonesia Ferdian, Ari; Azhar, Zul; Riani, Novya Zulva
Media Riset Ekonomi Pembangunan (MedREP) Vol. 1 No. (1) (2024): MedREP: Volume 1, No. 1, Februari 2024
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/medrep.v1i(1).4

Abstract

The purpose of this study is to analyze the influence of the rate of economic growth, human development index (HDI), foreign investment (PMA) and labor force on development inequality in Indonesia. This research uses panel data from 2017 to 2022 in 34 provinces in Indonesia sourced from the Central Statistics Agency (BPS). By using a panel data regression model, this research reveals that the rate of economic growth and foreign investment (PMA) have a positive and significant effect on development inequality. The human development index (HDI) has a negative and insignificant effect on development inequality and the workforce has a positive and insignificant effect on development inequality.
ANALISIS TINGKAT MISKONSEPSI SISWA MAN BINJAI PADA MATERI SUHU DAN KALOR MENGGUNAKAN THREE-TIER MULTIPLE CHOICE DIAGNOSTIK TEST Suhaila, Aninda; Sani, Ridwan Abdullah; Azhar, Zul
Karst: Jurnal Pendidikan Fisika dan Terapannya Vol 7 No 1 (2024): Karst : Jurnal Pendidikan Fisika dan Terapannya
Publisher : Program Studi Pendidikan Fisika FKIP Universitas Muslim Maros

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46918/karst.v7i1.2184

Abstract

Development of a Three-Tier Multiple Choice Diagnostic Test to determine the level of misconceptions of SMA/MA students regarding temperature and heat.The use of a three-tier multiple choice diagnostic test instrument can determine the level of student misconceptions. This research and development aims to determine the level of student misconceptions regarding temperature and heat material. This research is R&D research with a 4D development model. This research used 3 validators and 30 research subjects in class XII MIA 2 MAN Binjai. The percentage of students who experienced the most misconceptions was 90% in question 10. The average percentage of students who experienced misconceptions was 58.2%. Based on the results obtained, the three-tier multiple choice diagnostic test instrument developed was effective in determining the level of misconceptions experienced by students regarding temperature and heat material so that the questions could be distributed.
Determinants of Firm Value: Financial Performance, Capital Structure, and Corporate Governance in Emerging Markets Khim, Soei; Azhar, Zul; Mulyati, Sri; Avrilia, Syaharani Tiara
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 6 (2025): JIMKES Edisi November 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i6.4252

Abstract

Firm value represents a central indicator of corporate success, particularly in emerging markets characterized by institutional uncertainty, weak external monitoring, and high information asymmetry. While prior studies have examined the roles of financial performance, capital structure, and corporate governance, empirical findings remain fragmented, largely due to methodological approaches that overlook hierarchical and mediating mechanisms. This study develops and tests a hierarchical and mediating structural model to explain firm value formation by integrating corporate governance, capital structure, and financial performance within a Partial Least Squares–Structural Equation Modeling (PLS-SEM) framework. Using secondary data from publicly listed non-financial firms in emerging markets, the analysis captures both direct effects and indirect transmission pathways among the constructs. The results demonstrate that financial performance functions as the primary transmission mechanism, exerting the strongest direct effect on firm value while simultaneously mediating the influence of corporate governance. Corporate governance shows a substantial impact on financial performance and a complementary direct effect on firm value, indicating that governance enhances market valuation largely through performance improvement. In contrast, capital structure exhibits a weaker and context-dependent effect, suggesting that excessive leverage may undermine firm value in volatile emerging market environments. Overall, the model exhibits strong explanatory power, confirming the relevance of a hierarchical SEM-PLS approach in uncovering firm value formation mechanisms. This study contributes to corporate finance literature by clarifying how governance structures translate into firm value through financial performance, offering both theoretical refinement and practical insights for managers, investors, and policymakers in emerging markets.   Keywords: Firm value; Financial performance; Capital structure; Corporate governance; Emerging markets; PLS-SEM
Perhitungan Harga Pokok Penjualan dan Peningkatan Laba Bagi Peserta UMKM Naik Kelas Kota Bogor Mulyati, Sri; Azhar, Zul; Khim, Soei
Jurnal Abdimas Dedikasi Kesatuan Vol. 7 No. 1 (2026): JADKES Edisi Januari 2026
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jadkes.v7i1.5078

Abstract

This community service activity aims to strengthen the understanding and skills of Micro, Small, and Medium Enterprises (MSMEs) in calculating Cost of Goods Sold (COGS) and developing strategies to increase business profits. This activity was held as part of the Closing Ceremony of the Bogor City MSME Naik Kelas Program, which serves as a final reinforcement for participants after participating in a series of MSME mentoring programs. The activity took place on Wednesday, January 21, 2026, in the Hall of Building B of the Kesatuan Bogor Business and Informatics Institute, and involved 50 MSMEs from various business sectors. The activity included material delivery, interactive discussions, and exercises and simulations on COGS calculations tailored to the characteristics of the participants' businesses. The results showed that participants gained an increased understanding of business cost components, COGS calculation techniques, and the relationship between COGS, selling price determination, and business profits. Furthermore, this activity encouraged changes in participant attitudes, particularly an increased awareness of maintaining more orderly financial records separate from personal finances. Overall, this community service activity made a positive contribution in supporting the process of upgrading MSMEs by strengthening their financial management. The closing ceremony is expected to provide MSMEs with the initial foundation for implementing sustainable cost management and profit planning
Co-Authors . Alviansyah Ali Anis Aninda Suhaila AR, Nur Hasnah Arif, Bahtiar Ariusni Ariusni Artha, Dwirani Puspa Avrilia, Syaharani Tiara Devi Rahmawati, Devi Dewi Zaini Putri Dinilhaq, Wafi elida elida Elva Dona Farida, Anni Farik Hidayah Ferdian, Ari Gani, Abdul Rafid Fakhrun Hari Setia Putra Hasdi Aimon Hasni, David Anugerah Hendra Dani Saputra Hendra, Zul Heti Herawati Huljannah, Mutia Jon Efendi, Rer Nat Khairani Khairani Khim, Soei Mashadi Mashadi Mashuri, Jumatul Ichsan Mega Febriyenti Melti Roza Adry Muhammad Anshari Muhammad Fajar Mumuh Mulyana Pebriyani, Dewi Priono, Putriasyahwa Nurezky Purba, Andre Agachi Putri, Pujria Rahma Rahma, Taufiqah Rambe, Fahrizal retno martanti Ridwan Abdullah Sani Ridwan Abdullah Sani Rini Syarif Rochman Marota Sa'diah, Firda Astrid Sabani Sabani, Sabani Sakinah, Maya Salsabila, Fadil Sri Mulyati Suhaila, Aninda Suharyani, Susi Surya Irmayani Syamwil, Syamwil Urmatul Uska Akbar Weman Suardy Yanto Sugianto Yeni, Isra Zadrian Ardi