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Competitive Advantage in Mediating The Effect of Financial Flexibility on Financial Performance: Indonesian Sharia Stock Index Hasyim, Diana; Budiarta, Kustoro
Jurnal Aplikasi Bisnis dan Manajemen Vol. 9 No. 3 (2023): JABM Vol. 9 No. 3, September 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.9.3.740

Abstract

Resources are considered a key driver of organizational performance. However, the means to improve performance through resources remains an issue that is yet to be conclusively addressed in both theoretical and practical terms. This study aims to examine the roles of competitive advantage and Islamic Label (IL) in the relationship between financial flexibility and the performance of companies listed on the Indonesian Sharia Stock Index (ISSI). Using a longitudinal approach covering the period 2012–2021 and observing 88 companies, a total of 880 observations were obtained for this study. The statistical technique used for the analysis was variance-based structural equation modeling utilizing partial least squares with the statistical tool of WarpPLS. The study revealed that competitive advantage is able to partially mediate the impact of financial flexibility on firm performance. Proxies of competitive advantage, such as receivable turnover and financial leverage, were found to be significant to all performance proxies, namely ROA, ROE, and Tobin’s Q. However, IL did not significantly enhance the link between financial flexibility and performance. It was found that the mediating impact of competitive advantage on the relationship between financial flexibility and performance indicated that improving performance through financial flexibility is indirect. Thus, contingency factors should be given due consideration in enhancing resource-based performance. For Islamic label companies, competitive advantage can be built to enhance performance by optimizing resource utilization. Keywords: competitive advantage, contingency factors, financial flexibility, financial performance, Islamic label
Will a High-Performance Finance Function Company Become a High Performance Organization? Situmeang, Chandra; Hasyim, Diana; Sibarani , Choms G. G. T.
Jurnal Indonesia Sosial Sains Vol. 4 No. 07 (2023): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v4i07.846

Abstract

Each company has a different performance and competitiveness from other companies. This performance determines their resilience to face various economic conditions, including economic contraction due to the Covid-19 pandemic. Various kinds of literature state that High-Performance Organizations (HPO) are related to their financial management performance. This study took a sample of 66 small and medium-sized companies in North Sumatra Province, Indonesia. We conclude that all High-Performance Organizations (HPO) factors strongly correlate with the High-Performance Finance Function (HPFF). Therefore, if a company wants to become an High-Performance Organizations company, it must also become an HPFF company. Therefore, we suggest that the top management of each company pays attention to the interrelated aspects of managing the financial function to improve or maintain the company's competitiveness. Another thing to note is the HPFF characteristics, namely "Personal Development" and "Role Clarity," which can differentiate the performance of the financial function among research respondents
Determining Factors of the Relationship of Knowledge Management and Human Capital on Innovation Performance of Digital School Budiarta, Kustoro; Hidayat, Ahmad; Lubis, Nurul Wardani; Hasyim, Diana
JURNAL AL-TANZIM Vol 8, No 2 (2024)
Publisher : Nurul Jadid University, Probolinggo, East Java, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/al-tanzim.v8i2.7506

Abstract

This research aims to analyze the influence of knowledge management and human capital on digital school innovation performance and identify the impact of knowledge management on digital school innovation performance through human capital. This research used an ex post facto approach with 165 teachers from digital schools in Medan City as the research sample. Data was collected through a validated and reliable questionnaire. The data that has been collected is then analyzed using the Partial Least Square (PLS) approach with the help of Smart PLS software. The research results prove that knowledge management positively and significantly affects human capital, with a path coefficient value of 0.220, a statistical t-value of 2.595, and a p-value of 0.009. Knowledge management has a positive and significant effect on digital school innovation performance with a path coefficient value of 0.176, a t statistic of 2.203, and a p-value of 0.0208; human capital has a positive and significant effect on digital school innovation performance with a path coefficient value of 0.409, a t statistic value of 5.604 and a p-value 0.000 and knowledge management has a positive and significant effect on digital school innovation performance through human capital. Increasing knowledge management practices in schools can be an effective strategy for improving teacher innovation performance in the context of digital education.