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Does Inflation Matter? Examining the Profitability-Stock Return Nexus in Indonesia’s Automotive Sector Fitriana Fitriana; Mister Candera; Ummi Kalsum
Jurnal Ilmiah Manajemen Muhammadiyah Aceh Vol. 16 No. 1 (2026): Edisi Januari - Juni 2026
Publisher : Universitas Muhammadiyah Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37598/jimma.v16i1.46

Abstract

Penelitian ini bertujuan menganalisis pengaruh profitabilitas terhadap return saham pada sektor otomotif di Bursa Efek Indonesia dengan inflasi sebagai variabel moderasi. Penelitian menggunakan pendekatan asosiatif dengan data sekunder dari perusahaan sektor otomotif yang terdaftar di Bursa Efek Indonesia periode 2020-2024. Sampel ditentukan melalui teknik purposive sampling dan dianalisis menggunakan statistik deskriptif, uji asumsi klasik, serta Moderated Regression Analysis (MRA). Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh positif dan signifikan terhadap return saham, sehingga kinerja laba menjadi sinyal penting bagi investor dalam menilai prospek perusahaan. Namun, inflasi tidak mampu memoderasi pengaruh profitabilitas terhadap return saham. Temuan ini menunjukkan bahwa return saham sektor otomotif lebih kuat dipengaruhi oleh kemampuan perusahaan menghasilkan laba, sementara tekanan inflasi belum cukup memperkuat atau memperlemah hubungan tersebut secara signifikan. Implikasi penelitian ini menekankan pentingnya investor mempertimbangkan indikator profitabilitas dan kondisi makroekonomi secara bersamaan dalam pengambilan keputusan investasi. .
Assessing Islamic Bank Financial Distress Across Five ASEAN Economies Ervita Safitri; Abid Djazuli; Mister Candera
Studi Akuntansi, Keuangan, dan Manajemen Vol 6 No 1 (2026): July
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v6i1.6298

Abstract

Purpose: This study diagnoses and compares financial distress levels in Islamic banks across five Association of Southeast Asian Nations (ASEAN) countries, explicitly linking divergent resilience to the national institutional contexts. It identifies the key determinants of distress, addressing a gap in multi-model, cross-country sectoral assessments. Methodology: A longitudinal, multi-model framework was used to analyze secondary panel data (2015–2025) from leading Islamic banks in Indonesia, Malaysia, Thailand, the Philippines, and Brunei. Financial distress was assessed using five models (Altman Z, Springate S, Zmijewski X, Grover G, and Taffler Z), followed by a comparative trend analysis. Results: The results show a clear contrast: Maybank Islamic is resilient, while Al-Amanah Islamic is distressed. Profitability is the main distress indicator, but the strongest explanation is institutional context, where Malaysia’s stronger regulation, Shariah governance, and deeper Islamic capital markets enhance bank resilience. Conclusions: The financial resilience of ASEAN Islamic banks is determined more by the national institutional ecosystem than by bank-specific factors. Multi-model analysis provides nuanced diagnostics, emphasizing profitability and the balance sheet structure. Limitations: The generalizability of the findings may be constrained by the focus on five banks and models. Contributions: Theoretically, this study pioneers a comparative, multi-model distress analysis of Islamic banks, interpreting model divergence through an institutional lens. Practically, it offers evidence-based guidance for regulators to enhance stability through improved Shariah governance and multi-model early warning systems.
The Moderating Role of Religiosity on Green Finance, Trust, and Interest in Green Financial Products Ummi Kalsum; Mister Candera; Randy Hidayat; Novia Zahrah; Belliwati Kosim
Jurnal Aplikasi Bisnis dan Manajemen Vol. 12 No. 2 (2026): JABM, Vol. 12 No. 2, May 2026
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.12.2.708

Abstract

Background: The increasing urgency of environmental issues has encouraged the expansion of sustainable financial practices, including the development of green finance. Despite this progress, public familiarity with green financial products and confidence in related institutions remain relatively limited. In the Indonesian context, especially among religious-based educators such as Muhammadiyah teachers, financial decisions may also be influenced by spiritual and ethical considerations. Therefore, this study investigates the roles of green finance literacy and institutional trust in shaping interest in green financial products, with religiosity examined as a moderating variablePurpose: This research aims to evaluate the influence of green finance literacy and trust on teachers’ intention to use green financial products and to assess whether religiosity strengthens these relationships.Design/methodology/approach: A quantitative survey design was applied in this study. Respondents were selected using proportionate stratified random sampling from Muhammadiyah senior high school and vocational school teachers in Palembang. Data were collected through structured questionnaires with a five-point Likert scale and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM).Findings/Results: The findings demonstrate that green finance literacy and trust significantly affect interest in green financial products. Religiosity does not strengthen the relationship between literacy and intention, but it significantly reinforces the effect of trust on intention.Conclusion: The adoption of green financial products among Muhammadiyah teachers is primarily influenced by knowledge and institutional trust. Religiosity contributes indirectly by amplifying the role of trust rather than literacy.Originality/value (State of the art): This study contributes to sustainable finance literature by integrating religiosity into the green finance behavioral model and focusing on religious educators as a specific social group in Indonesia Keywords:   green finance literacy, trust, interest in green financial products, religiosity, SEM
Workload, Compensation, and Employee Loyalty: Mediating Role of Job Satisfaction in Islamic Banking Choiriyah Choiriyah; Abid Djazuli; Tiara Suci Anggraini; Mister Candera; Desi Ulpa A
Reviu Akuntansi, Manajemen, dan Bisnis Vol 6 No 2 (2026): Juni
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/rambis.v6i2.6890

Abstract

Purpose: This study aims to determine the influence of workload and compensation on job loyalty through employee job satisfaction as an intervening variable. The object in this study is an employee of Bank Sumsel Babel Palembang Sharia Branch.Research Methodology: Sampling technique using probability sampling method with cluster random sampling method. The research method used is associative research using the type of primary data obtained from the results of questionnaire answers. The analysis technique used is Structural Equation Modeling (SEM) with SMART-PLS software.Results: The results of this study show: There is a significant influence of workload and compensation on employee work loyalty at Bank Sumatra Babel Sharia, Palembang Branch; There is a significant influence of workload and compensation on employee work satisfaction at Bank Sumatra Babel Sharia, Palembang Branch; There is a significant influence of job satisfaction on employee work loyalty at Bank Sumatra Babel Syariah, Palembang Branch.Conclusions: Workload and compensation significantly influence job loyalty and job satisfaction. Job satisfaction also significantly affects loyalty and mediates the relationships at Bank Sumsel Babel Sharia Branch Palembang.Limitations: The study is limited to one branch, uses self-reported cross-sectional data, and excludes other determinants such as leadership, organizational culture, and career development variables.Contributions: This study enriches Human Resource Management (HRM) literature by confirming job satisfaction’s mediating role and provides managerial insights for improving workload management and compensation systems in Islamic banking institutions.
Pengaruh Diversifikasi Pendapatan, Risiko Kredit, dan Efisiensi terhadap Profitabilitas dengan Ukuran Bank sebagai Variabel Moderasi: Studi Empiris pada Perbankan di Indonesia Listin Afriani; Fatimah Fatimah; Mister Candera
Jurnal Ilmu Sosial, Manajemen, Akuntansi dan Bisnis Vol. 7 No. 3 (2026): Jurnal Ilmu Sosial, Manajemen, Akuntansi dan Bisnis
Publisher : Training & Research Institute - Jeramba Ilmu Sukses

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/jismab.v7i3.3675

Abstract

This study aims to analyze the effect of revenue diversification, credit risk, and efficiency on bank profitability and examine the role of bank size as a moderating variable. Using an associative research method with a quantitative approach, the study population included 46 banking companies listed on the Indonesia Stock Exchange (IDX) for 2020–2024. Using purposive sampling, the study selected 15 banks, yielding 75 observations. The study analyzed secondary data using descriptive statistics, classical assumption tests, and moderated regression analysis (MRA). Profitability was measured using return on assets (ROA), revenue diversification using the net interest income (NII) ratio, credit risk using non-performing loans (NPL), and efficiency using the operating expense (BOPO) ratio. The results showed that revenue diversification and efficiency significantly negatively impacted profitability, while credit risk significantly positively impacted profitability. Furthermore, bank size strengthened the effect of revenue diversification on profitability and weakened the effect of credit risk on profitability. However, bank size did not significantly moderate the effect of efficiency on profitability.
Workload, Compensation, and Employee Loyalty: Mediating Role of Job Satisfaction in Islamic Banking Choiriyah Choiriyah; Abid Djazuli; Tiara Suci Anggraini; Mister Candera; Desi Ulpa A
Reviu Akuntansi, Manajemen, dan Bisnis Vol 6 No 2 (2026): Juni
Publisher : Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/rambis.v6i2.6890

Abstract

Purpose: This study aims to determine the influence of workload and compensation on job loyalty through employee job satisfaction as an intervening variable. The object in this study is an employee of Bank Sumsel Babel Palembang Sharia Branch.Research Methodology: Sampling technique using probability sampling method with cluster random sampling method. The research method used is associative research using the type of primary data obtained from the results of questionnaire answers. The analysis technique used is Structural Equation Modeling (SEM) with SMART-PLS software.Results: The results of this study show: There is a significant influence of workload and compensation on employee work loyalty at Bank Sumatra Babel Sharia, Palembang Branch; There is a significant influence of workload and compensation on employee work satisfaction at Bank Sumatra Babel Sharia, Palembang Branch; There is a significant influence of job satisfaction on employee work loyalty at Bank Sumatra Babel Syariah, Palembang Branch.Conclusions: Workload and compensation significantly influence job loyalty and job satisfaction. Job satisfaction also significantly affects loyalty and mediates the relationships at Bank Sumsel Babel Sharia Branch Palembang.Limitations: The study is limited to one branch, uses self-reported cross-sectional data, and excludes other determinants such as leadership, organizational culture, and career development variables.Contributions: This study enriches Human Resource Management (HRM) literature by confirming job satisfaction’s mediating role and provides managerial insights for improving workload management and compensation systems in Islamic banking institutions.