Malik Cahyadin
Faculty of Economics and Business, Universitas Sebelas Maret Surakarta Jalan Ir. Sutami No. 36A Surakarta, Central Java, Indonesia, Phone+62-271 647481

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Model Keadilan dalam Penilaian Kinerja Mahasiswa sebagai Anteseden Pengaruh Komitmen pada Kinerja: Evaluasi Pembelajaran Berbasis Kompetensi Sawitri, Hunik Sri Runing; Riani, Asri Laksmi; Cahyadin, Malik; Novela Q. A., Intan
Jurnal Aplikasi Manajemen Vol. 11 No. 4 (2013)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This study aims to examine the importance of justice in performance assessment of learning outcome perceived by student and then foster student's  commitmentto the lecturers, so that students perform well. Research is conducted on students from various faculties in Sebelas Maret University who have experienced Competency-Based Learning. A sample of 200 students taken by stratified sampling. Confirmatory Factor Analysis (CFA) is used to test the validity of the instrument, while the Cronbach Alpha  is used to test the reliability. Regression analysis is used to test the hypotheses. The results show that students'commitment to lecturers does not significantly affect the performance of the students. Similarly, when distributive justice and procedural justice controlled commitment does not significantly influence the performance of students. While procedural justice and distributive justice significantly affect the students commitment to the lecturers.
Assessing Threshold Levels Of Income Inquality And Human Development Quality On Economic Growth In Indonesia Cahyadin, Malik; Tambunan, Tulus T.H.
Convergence: The Journal of Economic Development Vol. 7 No. 1 (2025)
Publisher : Universitas Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33369/convergencejep.v7i1.39975

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Abstract This study attempts to assess threshold levels of income inequality and human development quality on economic growth for 34 provinces in Indonesia during 2022-2023. The cross-section threshold regression was employed. The findings reveal that the threshold levels of income inequality in 2022 and 2023 were 0.319 and 0.345, respectively. At the same time, the threshold levels of human development index were 71.65 and 71.25, respectively. The condition posits that the quality of income distribution and human development will be marginally lower in 2023 than in 2022. By considering Global OLS, total labor force and unemployment rate deliver a significant and negative impact on economic growth at 10% level in 2022. Interestingly, FDI provides a positive impact at 10% (income inequality) and 1% (human development) levels. Therefore, the central and local governments are challenged to design economic development under inclusive and sustainable perspectives. Their policies can improve the quality of labor (educated, skilled labors, and productive) and increase the equality of economic activities for all provinces. Besides, those governments should lead all economic agents to obtain and guarantee the quality of human development in the long-run. Keywords : Income Inequality, Human Development, Threshold Level, Economic Growth. Abstrak Studi ini berupaya menilai ambang batas ketimpangan pendapatan dan kualitas pembangunan manusia terhadap pertumbuhan ekonomi di 34 provinsi di Indonesia selama periode 2022–2023. Metode cross-section threshold regression digunakan dalam analisis ini. Temuan penelitian menunjukkan bahwa ambang batas ketimpangan pendapatan pada tahun 2022 dan 2023 masing-masing sebesar 0,319 dan 0,345. Pada saat yang sama, ambang batas indeks pembangunan manusia (IPM) masing-masing tercatat sebesar 71,65 dan 71,25. Kondisi ini menunjukkan bahwa kualitas distribusi pendapatan dan pembangunan manusia pada tahun 2023 sedikit lebih rendah dibandingkan dengan tahun 2022. Dengan mempertimbangkan Global OLS, total angkatan kerja dan tingkat pengangguran memberikan pengaruh yang signifikan dan negatif terhadap pertumbuhan ekonomi pada taraf 10% di tahun 2022. Menariknya, Penanaman Modal Asing memberikan dampak positif pada taraf 10% (untuk ketimpangan pendapatan) dan 1% (untuk pembangunan manusia). Oleh karena itu, pemerintah pusat dan daerah ditantang untuk merancang pembangunan ekonomi dengan perspektif yang inklusif dan berkelanjutan. Kebijakan mereka dapat meningkatkan kualitas tenaga kerja (terdidik, terampil, dan produktif) serta mendorong pemerataan aktivitas ekonomi di seluruh provinsi. Selain itu, pemerintah juga perlu memimpin seluruh pelaku ekonomi untuk mencapai dan menjamin kualitas pembangunan manusia dalam jangka panjang. Kata kunci: Ketimpangan Pendapatan, Pembangunan Manusia, Tingkat Ambang, Pertumbuhan Ekonomi
PENGELOLAAN DAN PENGEMBANGAN USAHA TELUR ASIN DAN KERIPIK BELUT DI KABUPATEN KLATEN Cahyadin, Malik; Rosdaliva, Mehilda; Ayuninggar, Lintang
Martabe : Jurnal Pengabdian Kepada Masyarakat Vol 8, No 5 (2025): MARTABE : JURNAL PENGABDIAN KEPADA MASYARAKAT
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jpm.v8i5.1858-1866

Abstract

Usaha telur asin dan keripik belut telah dijalankan di Kecamatan Gantiwarno Kabupaten Klaten. Kedua usaha ini telah mampu berkontribusi terhadap perekonomian desa dan daerah untuk mendorong perkembangan usaha mikro-kecil dan penyerapan beberapa tenaga kerja di tingkat desa. Oleh sebab itu, kegiatan pengabdian masyarakat ini bertujuan untuk melatih dan memfasilitasi kedua pelaku usaha dalam pengelolaan dan pengembangan usaha selama bulan Mei-Agustus 2023. Metode partisipatoris diterapkan untuk mendorong peran aktif para pelaku usaha. Tiga kegiatan telah dilaksanakan terdiri atas pendampingan perencanaan dan pengembangan usaha, pelatihan pencatatan keuangan usaha menggunakan aplikasi SI APIK, dan pendampingan pemasaran online melalui media sosial. Hasil kegiatan pengabdian masyarakat ini adalah bahwa mitra pelaku usaha lebih mampu merencanakan dan mengembangkan usaha secara sistematis, pencatatan transaksi keuangan menggunakan SI APIK, dan metode pemasaran online melalui beberapa media sosial telah diterapkan. Oleh sebab itu, para pelaku usaha diharapkan dapat memanfaatkan beberapa pelatihan dan pendampingan usaha yang telah diperoleh untuk meningkatkan kinerja usaha. Selain itu, pemerintah daerah dapat lebih aktif memfasilitasi pengembangan usaha mikro dan kecil di Kabupaten Klaten.
Digital Platform Capability and Strategic Agility: Uncovering Strategies to Strengthen Indonesian F&B SMEs Competitiveness Henryanto, Aria Ganna; Hanifah, Haniruzila; Kaihatu, Thomas Stefanus; Hardjono, Retno Kusumastuti; Cahyadin, Malik; Hartono, Wendra
Indonesian Journal of Business and Entrepreneurship Vol. 11 No. 3 (2025): IJBE, Vol. 11 No. 3, September 2025
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.11.3.685

Abstract

Background: The Indonesian food and beverages (F&B) SME sector was a major contributor to the economy but faces challenges such as intense market competition and limited digital adoption. Despite the strong potential of the digital market, only a small proportion of SMEs were integrated into digital ecosystems. Understanding how digital platform capabilities (DPC) and strategic agility (SA) influence competitiveness was crucial in this dynamic environment.Purpose: This study examines the effect of digital platform capability on the competitiveness of small and medium-sized enterprises (SMEs), considering the mediating role of strategic agility and the moderating role of competitive intensity within Indonesia's food and beverage (F&B) sector.Design/methodology/approach: This study was rooted in the philosophy of positivism, with a deductive design. Data were collected from 142 Indonesian F&B SMEs through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The variables included DPC (independent), SA (mediator), SMEs competitiveness (dependent), and competitive intensity (moderator).Findings/Result: SA mediates the relationship between DPC and competitiveness, which in turn increases strategic agility and the competitiveness of SMEs. The overall model explains 42% of the variance in SMEs competitiveness, which is moderately high, and competitive intensity negatively moderates the SA-competitiveness link, making agility less effective in high competition.Conclusion: Digital platform capabilities are essential for improving SME competitiveness, particularly when they are combined with strategic agility. However, the effectiveness of agility depends on market conditions; high competitive intensity may reduce its benefits. SMEs must balance agility with operational stability, and policymakers should support digital infrastructure and capability-building initiatives.Originality/value (State of the art): This study contributes to the literature by integrating resource orchestration theory with digital transformation and agility concepts in the context of emerging markets. It empirically demonstrates the mediating role of agility and the contextual influence of competitive intensity, offering nuanced insights for both theory development and SME digitalization strategies in volatile environments. Keywords: SMEs competitiveness, digital platform capability, strategic agility, competitive intensity 
Public Debt and Budget Deficit Threshold Levels on New Fiscal Sustainability Indicator Cahyadin, Malik; Sarmidi, Tamat; Khalid, Norlin; Law, Siong Hook
Signifikan: Jurnal Ilmu Ekonomi Vol. 12 No. 1 (2023)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.31005

Abstract

Fiscal sustainability can be determined and assessed using financial technology (FinTech). Consequently, a new indicator of fiscal sustainability can be constructed. This study also estimates threshold levels of public debt and budget deficit by considering institutions for 88 developing and 35 developed countries in 2014 and 2017. The principal component analysis (PCA) and the cross-section threshold regression are employed. The main findings revealed that the threshold levels of public debt-to-GDP ratio for developed and developing countries in 2014 were 100.37% and 63.04%, while that in 2017 were 90.09% and 84.28%, respectively. Moreover, the threshold levels of budget deficit-to-GDP ratio for developed and developing countries in 2014 were -3.04% and -1.24%, while those in 2017 were -0.97% and -5.75%, respectively. Therefore, policymakers should emphasize a certain public debt and budget deficit level to warrant a fiscally sustainable level.JEL Classification: C13, E62, H60 How to Cite:Cahyadin, M., Sarmidi, T., Khalid, N. & Law, S. H. (2023). Public Debt and Budget Deficit Threshold Levels on New Fiscal Sustainability Indicator. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 97-116. https://doi.org/10.15408/sjie.v12i1.31005.
Corporate Debt, Institutional Differences and Firms’ Financial Distress in Emerging Economies under Uncertainty Mulyaningsih, Tri; Sarmidi, Tamat; Cahyadin, Malik
JDM (Jurnal Dinamika Manajemen) Vol 14, No 2 (2023): September 2023
Publisher : Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v14i2.46197

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Firms with high leverage are more vulnerable, particularly during uncertainty due to the COVID-19 pandemic. This study aims to examine the impact of leverage on firms’ financial distress by capturing two countries, Indonesia and Malaysia, which have different levels of leverage and financial development that affect access to external funding. The Altman Z-score—for a rich dataset comprising quarterly data of publicly traded companies between 2015 and 2020—is calculated to measure firms’ financial distress. Furthermore, the Difference-in-Differences (DiD) technique is employed to test the hypothesis that highly leveraged firms have a higher bankruptcy risk that leads to financial distress during the COVID-19 pandemic. This study finds that firms’ financial distress during the pandemic is higher than prior the pandemic. Indonesian firms’ financial distress was higher than Malaysian firms. Finally, highly leveraged firms are exposed to higher bankruptcy risk than firms with lower debt.
The Causality and Threshold Levels of Innovative Work and Entrepreneurial Behaviours of Millennial Farmers: Do Family Characteristics Matter? Emi Widiyanti; Cahyadin, Malik
Indonesian Journal of Business and Entrepreneurship Vol. 10 No. 2 (2024): IJBE, Vol. 10 No. 2, May 2024
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.10.2.308

Abstract

Background: Millennial farmers' innovative and entrepreneurial behaviors have been discussed in the literature. However, the contribution of farmer family characteristics is widely ignored. Purpose: Therefore, this study investigates the causality between millennial farmers' innovative and entrepreneurial behaviors by considering family characteristics in the Boyolali and Klaten regencies.Design/methodology/approach: The estimation methods used are Granger Causality Test and Cross-Section Threshold Regression. Findings/Result: The study findings reveal that innovative work has a one-way causality with entrepreneurial behavior, farmer age has a one-way causality with innovative and entrepreneurial behaviors, and the number of family members has a one-way direction with entrepreneurial behavior. Threshold levels of innovative work and entrepreneurial behaviors were 34 and 71, respectively. In simple terms, the level of entrepreneurial behavior is higher and better than the level of innovative behavior of millennial farmers. The study findings imply that the local government should facilitate and assist the process of improving the innovative and entrepreneurial behaviors of millennial farmers in the regions. Conclusion: This research enhances the literature on innovative work behavior and entrepreneurial behavior by showing their relationship. This research also shows the contribution of family characteristics to innovative work behavior.Originality/value (State of the art): The study of the causality of innovative and entrepreneurial behaviors of millennial farmers by considering family characteristics has yet to be widely conducted. Keywords: innovative behavior, entrepreneurial behavior, millennial farmers, causality, threshold
Assessing the unemployment rate as a mediator between SMEs and economic growth Cahyadin, Malik; Irianto, Heru; Ertimi, Basem
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 12 No. 5 (2024): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v12i5.37800

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Economic growth and unemployment reduction in developing countries can be strengthened by improving the business quality of SMEs. As SMEs dominate Indonesia’s industrial structure, this study examines their relationship with economic growth, with unemployment rates as a moderating variable, in West Java, Central Java, and East Java from 2015 to 2022. Using Structural Equation Modeling (SEM) on 96 observations, the findings reveal that the number of SME business units has a significant negative impact on the unemployment rate, whereas total assets have a positive impact. A higher asset value enhances the capacity for modernization and digitalization, which, in turn, reduces labor absorption and potentially increases unemployment. Additionally, a decline in the unemployment rate positively influences economic growth, which is consistent with Okun’s Law, though with a relatively low magnitude. These findings highlight the need for government policies to facilitate SME business development by improving production standards, expanding access to business capital, and enhancing market reach. This approach aligns with the UMKM Naik Kelas (SME Scale-Up) program, which aims to promote sustainable SME growth and economic resilience.
PEMBERDAYAAN USAHA SHUTTLECOCK DI DESA GADINGAN KECAMATAN MOJOLABAN KABUPATEN SUKOHARJO Cahyadin, Malik; Ayuninggar, Lintang
INOTEKS: Jurnal Inovasi Ilmu Pengetahuan,Teknologi, dan Seni Vol 20, No 2 (2016)
Publisher : Universitas Negeri Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (351.988 KB) | DOI: 10.21831/ino.v20i2.12928

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This activity aims to facilitate the development of SME's Shuttlecock inSukoharjo. It was become a business cluster for supporting local economic development. The SME that becomes the partners in this activity were Aiwan Shuttlecock and Delima Shuttlecock. There are three activities which have been done for them, namely: production management, marketing, and accounting. The results of this activity involve: (1) SME entrepreneurs understood the good production process of shuttlecock based on the work operational standards; (2) SME entrepreneurs were able to use marketing medias to promote shuttlecock product in the form online medias; and (3) SME used accounting for financial bookeeping and accessing financial resource both government fund and private fund. In the future, the government of Sukoharjo District can promote SME's Shuttlecock as local economic icon
Modeling Risk-Based Stock Portfolio: Evidence from Long Time Series Cahyadin, Malik; Riesendra, Luthfi Aradhana; Sarmidi, Tamat
EQUITY Vol 28 No 2 (2025): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v28i2.11110

Abstract

The judicious selection of a stock portfolio necessitates a meticulous and precise analysis of risk and return levels. Therefore, this study employs a simulation model to generate a practical and optimally diversified stock portfolio by considering risk level. Secondary data were employed on 952 Indonesian stocks and 4 global ETFs across four stages cover historical data, liquidity, risk-return performance, and fundamental indicators during 1st March 2007– 1st March 2025. Sharpe Ratio Maximization (SR Max) and Risk Parity (RP) methods were utilized. The findings reveal that during all daily data SR Max exhibited a Compound Annual Growth Rate (CAGR) of 16.15%, a volatility of 17.39%, and a drawdown of -39.11%. Meanwhile, RP recorded CAGR of 12.81%, a volatility of 13.24%, and a drawdown of -32.98%. By considering risk analysis, SR Max is appropriate for investors who accept high levels of risk in pursuit of significant growth opportunities. Conversely, RP is better suited to investors who prioritise stability and are willing to accept lower returns. Furthermore, the implication stimulates investors able to formulate a more rational and sustainable asset allocation strategies. In addition, the financial authority should pay more attention on the financial market stability. Keywords: Stock Portfolio; Risk Parity; Sharpe Ratio; Investor Decision Making.