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Entrepreneurial Risk Management of Buddhist Entrepreneurs Mahadewi, Lufina; Surachman, Surachman; Hadiwidjojo, Djumilah; Indrawati, Nur Khusniyah
International Journal of Business Studies Vol. 6 No. 3 (2022): International Journal of Business Studies
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v6i3.257

Abstract

This study aims to explore and understand the context of the behavior and perceptions of Buddhist entrepreneurs in the application of risk management in entrepreneurial activities. This study reveals the implementation of Buddhist values ​​in the framework of entrepreneurial risk management. This study is set in the setting of Buddhist entrepreneurs in the city of Bekasi, West Java, through a phenomenological qualitative research approach. This study reveals that risk management is a process of reducing inefficiencies that arise from the causal relationship of the actions of Buddhist entrepreneurs in the perspective of Buddhism, Truth in Dhamma. The values ​​of Buddha's teachings are the background for the risk management process which is characterized by an entrepreneurial spirit and character based on Buddhism. This implementation provides a form of motivation in an effort to eliminate risk in an attempt to create value from entrepreneurial activities for the beatitude of oneself and others by having an awareness that is focused on spiritual beatitude. Buddhist values ​​color the formation of an entrepreneurial culture which is reflected in the practices of Buddhist entrepreneurial risk management. The findings of this study provide developments on stakeholder theory on the fulfillment of financial and social performance to stakeholders and its relevance to the fulfillment of spiritual aspects. This study provides the development of stakeholder theory on the interaction between stakeholder attributes and the essential meaning of entrepreneurship in economic, social and spiritual contexts. This study reveals an integrated theoretical model of Buddhist value-based entrepreneurial risk management practices that not only raises the spectrum of traditional risk management, but reflects the value of Buddhism in entrepreneurial activities in fulfilling the goals of Buddhist entrepreneurs in the form of holistic adherence to Buddhist values ​​in personal and business life. Keywords: Entrepreneurial Risk Management, Risk Process, Buddhist Values
Prediksi Financial Distress Dengan Model Altman Z”-Score, Zmijewski X-Score, Springate S-Score, Dan Grover G-Score Hadityo, Farras Shaesardy; Indrawati, Nur Khusniyah
Jurnal Management Risiko dan Keuangan Vol. 3 No. 3 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2024.03.3.08

Abstract

Financial distress is a critical phase preceding bankruptcy, often stemming from a range of external and internal factors. This study aims to forecast financial distress within the sub-sector of department store companies listed on the Indonesia Stock Exchange (IDX) during the period of 2019 to 2021. Four prediction models, namely Altman Z-Score, Zmijewski X-Score, Springate S-Score, and Grover G-Score, were employed for this purpose. This research adopts a descriptive approach with a quantitative methodology. Secondary data extracted from the financial reports of the companies serves as the primary data source. The findings of this study underscore the efficacy of each employed model in predicting financial distress, revealing divergent outcomes in the forecasted instances of financial distress across the models. The Altman model identifies one company undergoing financial distress, Zmijewski model highlights two such companies, Springate model anticipates distress in three companies, and Grover model signals distress in two companies. This research underscores that each model yields distinct outcomes in predicting financial distress among department store sub-sector companies in Indonesia, due to disparities in the weighting of prediction model coefficients.   Abstrak Financial distress merupakan salah satu tahap sebelum terjadinya kebangkrutan. Financial distress dapat disebabkan oleh berbagai faktor eksternal maupun internal. Penelitian ini bertujuan untuk memprediksi financial distress pada perusahaan sub-sektor department store yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019 - 2021. Empat model prediksi digunakan, yaitu Altman Z-Score, Zmijewski X-Score, Springate S-Score, dan Grover G-Score. Jenis penelitian ini adalah penelitian deskriptif dengan pendekatan kuantitatif. Data sekunder berupa laporan keuangan perusahaan menjadi sumber data dalam penelitian ini. Hasil penelitian menunjukkan bahwa setiap model yang digunakan mampu memprediksi financial distress dengan adanya perbedaan dalam prediksi financial distress perusahaan antar model. Model Altman menunjukkan satu perusahaan yang mengalami financial distress, Zmijewski menunjukkan dua perusahaan, Springate menunjukkan tiga perusahaan, dan Grover menunjukkan dua perusahaan yang mengalami financial distress. Temuan dari penelitian ini menunjukkan bahwa setiap model memiliki hasil yang berbeda dalam memprediksi financial distress pada perusahaan sub-sektor department store di Indonesia akibat perbedaan penitikberatan koefisien model prediksi.
Prediksi Financial Distress Dengan Model Altman Z- Score Dan Model Zmijewski X-Score Selama Pandemi Covid-19 Cintyarani, Safira; Indrawati, Nur Khusniyah
Jurnal Management Risiko dan Keuangan Vol. 3 No. 4 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2024.03.4.07

Abstract

The occurrence of financial distress within a company is influenced by both internal and external factors. Within the context of this study, the external factor is the Covid- 19 pandemic. This research aims to assess the potential of financial distress through the application of the Altman Z”-Score and Zmijewski X-Score models during the Covid- 19 pandemic. This study follows a quantitative descriptive approach. Within the framework of this research, secondary data derived from the financial reports of ten transportation companies listed on the Indonesian Stock Exchange during the years 2020 to 2022 were utilized. The research highlights disparities between Altman and Zmijewski models in predicting financial distress. The utilization of the Altman model emphasizes on the profitability of the firms, whereas the Zmijewski model emphasizes on solvency of the firms. The results of the bankruptcy prediction, particularly the forecast of financial distress utilizing projected financial data for the year 2023, contribute as preliminary considerations in the decision-making process that will steer the company's future prospects, enabling early actions to be taken to rectify the root causes of deteriorating financial conditions within the companies before the eventuality of bankruptcy ensues.     Abstrak Terjadinya financial distress pada suatu perusahaan dipengaruhi oleh faktor internal dan eksternal. Dalam penelitian ini faktor eksternal yang terjadi adalah pandemi Covid- 19. Penelitian ini bertujuan untuk mengetahui adanya potensi financial distress dengan menggunakan model Altman Z”-Score dan model Zmijewski X-Score selama pandemi Covid-19. Jenis penelitian ini adalah deskriptif kuantitatif. Dalam penelitian ini, data sekunder yang digunakan adalah laporan keuangan perusahaan. Objek penelitian ini yaitu sepuluh perusahaan subsektor transportasi yang terdaftar di Bursa Efek Indonesia tahun 2020-2022. Berdasarkan pembahasan, terdapat perbedaan hasil prediksi financial distress antara model Altman dan model Zmijewski. Penggunaan model Altman menekankan pada profitabilitas perusahaan sedangkan pada model Zmijewski menekankan pada solvabilitas. Hasil prediksi kebangkrutan yang dilakukan pada penelitian ini khususnya prediksi financial distress menggunakan laporan keuangan yang telah diproyeksikan untuk tahun 2023, dapat dijadikan salah satu pertimbangan awal dalam mengambil keputusan yang akan menentukan arah masa depan perusahaan, sehingga memungkinkan dilakukan tindakan yang lebih awal untuk memperbaiki penyebab terjadinya penurunan kondisi keuangan pada perusahaan sebelum terjadinya kebangkrutan.
Best Practice of Corporate Governance pada Lembaga Keuangan Islam (Bank Islam) Indrawati, Nur Khusniyah
Jurnal Aplikasi Manajemen Vol. 6 No. 3 (2008)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

A number of Islamic Financial Institutions (IFIs) or Islamic Banking has been established is almost every part in the world. On the other hand, conventional banks have also expanded their operation which operates Islamic Windows. This effort is conducted in order to attract depositors from Moslem society, as like as in Malaysia and the other countries. The system gives chance for depositors to choose interest basis or profit-and-loss sharing basis when he or she is going to make a transaction with a bank However, In Indonesia, conventional banks is not permitted to make activity based on Islamic Windows. The Government issued the regulatation UU No. 7 of year 1992 banking system making Islamic Bank legal in the Indonesian banking history and indicates conventional bank are allowed to operate based on the dual banking systems This regulation was amended by regulation UU No. 10 year 1998. Conventional banks with its interst system runs side by side with the Islamic Bank with Profit-and-loss-sharing/PLS basis that is separated from the main bank (conventional bank), such as: Indonesia Muamalat Bank Mandiri Syariah Bank, and Mega Syariah Bank, or establishing Unit Usaha Syariah (UUS). Up until the present the development of Islamic Bank is very rapid in term of number of ventures, offices, fund amassement and chanelling, and types of product. All of those systems primarily Islamic Windows have been internationally accepted. However, it is necessary to have a strength allowing IFIs expands their activities continuously and can be accepted internationally. Moreover, in order to increase IFIs, one of focuses is to create an enabling environment of IFIs to grow. Besides that, it is needed the implementation of Corporate Governance that have been executed for a long time in conventional financial system (conventional bank). Implementation of Corporate Governance is very important for IFIs because depositors in IFIs accepts added risk as an effect of risk sharing for implementation of PLS systems.
THE ROLE OF ORGANIZATIONAL CULTURE AND JOB SATISFACTION IN MEDIATING THE EFFECT OF TRANSFORMATIONAL LEADERSHIP ON ORGANIZATIONAL CITIZENSHIP BEHAVIOR Arifiani, Ratya Shafira; Sudiro, Achmad; Indrawati, Nur Khusniyah
Jurnal Aplikasi Manajemen Vol. 18 No. 3 (2020)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2020.018.03.16

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This research aimed to analyze the direct and indirect effects of transformational leadership and organizational citizenship behavior. The additions of mediating variables were organizational culture and job satisfaction. The population in this research was all nurses at the University of Muhammadiyah Malang Hospital. The sampling technique used proportional random sampling with a total sample of 109 respondents. The data analysis used path analysis. The results showed that transformational leadership had no effects on Organizational Citizenship Behavior, organizational culture on Organizational citizenship behavior is significant, transformational leadership had an influence on organizational culture, organizational culture mediated the influence of transformational leadership on Organizational Citizenship Behavior, transformational leadership affected job satisfaction, job satisfaction had no effects on Organizational Citizenship Behavior, and job satisfaction did not mediate the influence of transformational leadership on Organizational Citizenship Behavior. Therefore, future researchers can conduct research related to transformational leadership on Organizational Citizenship Behavior and can develop a research model by adding other variables such as Islamic work ethics and work discipline.
COMPETITIVE ADVANTAGE TO MEDIATE THE INFLUENCE OF PRODUCT INNOVATION AND ENTREPRENEURIAL ORIENTATION ON MARKETING PERFORMANCE IN SMALL AND MEDIUM INDUSTRY Dahana, Raiza Nora; Indrawati, Nur Khusniyah; Mugiono, Mugiono
Jurnal Aplikasi Manajemen Vol. 19 No. 2 (2021)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2021.019.02.17

Abstract

This study aims to analyze the effect of product innovation, entrepreneurial orientation, and competitive advantage on marketing performance; test the effect of product innovation and entrepreneurial orientation towards marketing performance through competitive advantage as a mediation variable. The sample in this study was 69 owners of small and medium industries bakery in Ponorogo Residence who had made innovations on their products. The sampling technique in this study uses total sampling. Data analysis techniques used the approach Partial Least Squares (PLS). The results found that product innovation has a direct positive effect on marketing performance, entrepreneurial orientation has a direct positive effect on marketing performance, product innovation has a direct positive effect on competitive advantage, entrepreneurial orientation has a direct positive effect on competitive advantage, competitive advantage has a direct positive effect on marketing performance, product innovation has a positive effect on marketing performance through competitive advantage, and entrepreneurial orientation has a positive effect on marketing performance through competitive advantage. Competitive advantage acts as a partial mediating variable.
THE MEDIATING ROLE OF SOCIAL CAPITAL IN THE RELATIONSHIP BETWEEN FINANCIAL LITERACY AND FINANCIAL INCLUSION Setiawan, Moh. Agung; Salim, Ubud; Khusniyah, Nur
Jurnal Aplikasi Manajemen Vol. 19 No. 4 (2021)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2021.019.04.07

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The purpose of this study is to examine the mediating role of social capital in the relationship between financial literacy and financial inclusion in the Malang Raya region. The unit of analysis used in this study is the people in Malang City, Malang Regency, and Batu City. The sampling technique used was proportionate stratified random sampling. Data analysis in this study used Partial Least Square (PLS). The results of this study indicate that financial literacy has a significant effect on financial inclusion. Financial literacy has a significant effect on social capital, social capital significantly affects financial inclusion, and social capital mediates the relationship between financial literacy and financial inclusion. This result shows that social capital has a partial mediating role, meaning that the effect on financial inclusion goes through the main predictor variable, financial literacy and social capital. Therefore, the local government can take advantage of policies related to social capital to impact efforts to improve financial inclusion in the community and regional economic conditions. This study also explained that, in general, the people in the Malang Raya region had good financial literacy. Future studies should use qualitative exploration by conducting interviews with respondents to explain other phenomena, especially for people geographically unbankable.
THE IMPLEMENTATION OF THE SHARED LEADERSHIP MODEL TO DEVELOP EMPLOYEE PERFORMANCE Cahyaningrum, Desy Dwi; Noermijati; Khusniyah, Nur
Jurnal Aplikasi Manajemen Vol. 20 No. 4 (2022)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2022.020.04.13

Abstract

This study aims to uncover and understand the application of the Shared Leadership pattern in managing PIER, to know the Shared Leadership model applied by management in managing PIER, and to reveal and understand the performance of PIER employees by applying the Shared Leadership pattern. This study uses a qualitative research method of a case study approach. The research informant is the department head and PIER staff. The research findings show that the application of Shared Leadership patterns in improving employee performance is derived from the themes contained in the attributes of Shared Leadership, including learning systems, leadership systems, and motivation systems. Shared Purpose, including personality, attitude, and ability. Social Support, including resources, organisational structure, organisational support, and awards. Voice, including expertise, perception, effort, and individual attributes. Shared purpose, social support and voice can create knowledge-sharing and work environments to improve employee performance. Further studies are needed on shared leadership in the same model applied to different objects.
Risk Management Concept Development of Pondok Pesantren Educational Institutions Ekaningsih, Lely Ana Ferawati; Salim, Ubud; Djumahir, Djumahir; Indrawati, Nur Khusniyah; Djakfar, Muhammad
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 3 No. 2 (2022): International Journal of Multidisciplinary: Applied Business and Education Rese
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.03.02.01

Abstract

The concept of risk management has been widely studied in terms of finance in Islamic and conventional banking, government institutions, and insurance. While research on non-financial risk management in educational institutionsis still rarely done. This article aims to propose the development of the concept of risk management for Islamic educational institutions, especially pondokpesantrenor Islamic boarding schools. This research is a qualitative research/conceptual paper by conducting theoretical and empirical studies on articles that have been published. The data is secondary data. The results of the study found that risk exists in all organizations including pondokpesantren, so it is necessary to carry out risk management. Risk must be managed appropriately and correctly because failure to manage risk has serious consequences for the organization. The risk management process in pondokpesantrenis based on the implementation of Islamic values ​​sourced from the Qur'an and Hadith. The most important contribution of this paper is to develop the concept of risk management for pondokpesantren.
Determination of Employee Performance: Analysis of Employee Involvement, Job Satisfaction, Path Career and Remuneration Liana, Esti; Indrawati, Nur Khusniyah
Siber Journal of Advanced Multidisciplinary Vol. 3 No. 1 (2025): (SJAM) Siber Journal of Advanced Multidisciplinary (April - June 2025)
Publisher : Siber Nusantara Research & Yayasan Sinergi Inovasi Bersama (SIBER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/sjam.v3i1.433

Abstract

The purpose of this literature review is to develop hypotheses for future researchers conducting research related to employee performance. The research article on employee performance determination: analysis of employee engagement, job satisfaction, career paths, and remuneration is a scientific literature article in the field of human resource management. The approach used in this literature review is descriptive qualitative. The data collection technique used is literature study or reviewing previous relevant articles. The data used in this study is secondary data, sourced from academic online media such as Thomson Reuters Journal, Sage, Springer, Taylor & Francis, Scopus Emerald, Elsevier, Sage, Springer, Web of Science, Sinta Journal, DOAJ, EBSCO, Google Scholar, and digital reference books. Empirical data is used to support the phenomena occurring in this study. In this study, previous research relevant to each topic was used, with one article reviewed for each topic. The results of the literature review are as follows: 1) Employee involvement influences employee performance; 2) Job satisfaction influences employee performance; 3) Career path influences employee performance; and 4) Remuneration influences employee performance.
Co-Authors . Djumahir . Djumahir A Muhamad Jazuli, A Muhamad Achmad Sudiro Adelia Shabrina Prameka Ady Warsito Rachman Agris Wiseptya Ahmad Fathoni Ardyansyah Aji, Kartika Aldea Mita Cheryta Alfathya, Atmaya Fitra Ali Djamhuri Andini Kurnia Fajar Prihatanti Annisa Puspitasari Annisa Shabrina Anyta, Nungky Dean Apriyanti, Rini Atim Djazuli Atmaya Fitra Alfathya Cahyaningrum, Desy Dwi Cintyarani, Safira Dahana, Raiza Nora Dedi Suselo Defri Ramadan Wardiansyah Dewantara, Muhammad Giffari Djumahir Djumahir Djumilah Hadiwidjojo Djumilah Hadiwidjojo Efionita, Yolanda Ermawati, Putri Wahyu Erwina Safitri Garnis Irawanti Gigih Megaputra Hadityo, Farras Shaesardy Hanifa Bennu Nur Haryakusuma, Kurnia Hiendarto, Ongky Ira Lailatul Maghfiroh Ismi Karima Tri Puspita Istiantoro, Jalu Nasa Jazuli , A Muhamad Kadek Yudha Agastya Tantra Kamil, Ihsan Karina Maliasari Kartika Aji Kurnia Haryakusuma Kusuma Ratnawati Laili, Choirun Nisful Lalu Aditya Putra Lambertus P Wairisal Lely Ana Ferawati Ekaningsih Liana, Esti Lily Hendrasti Novadjaja Mahadewi, Lufina Mintarti Rahayu Mintarti Rahayu Moeljadi Moeljadi Moeljadi Moeljadi Moeljadi Moeljadi, Moeljadi Mugiono Mugiono, Mugiono Muhammad Djakfar Mychelia Champaca Nanang Suryadi Ni Iffah Kesuma Noermijati Novita Rahayu Pratiwi Nugroho, Mochammad Arie Nungky Dean Anyta Ongky Hiendarto Prasintahayu, Elysa Pratama, Febby Candra Prihatanti, Andini Kurnia Fajar Puspitasari, Annisa Putra, Fathur Muffidal Akram Musev Putra, Lalu Aditya Raditha Dwi Vata Hapsari Rahmat Fajar Basarda Ratya Shafira Arifiani Risna Wijayanti Ryo Prayoga Purnama Putra Ryo Prayoga Purnama Putra, Ryo Prayoga Purnama Safitri, Niluh Santi Setiawan, Moh. Agung Sinaga, Patrick Immanuel Suciati, Ranila Sudjatno Sumiati Surachman Surachman Suselo, Dedi Syam, Nur Tantra, Kadek Yudha Agastya Tetty Widiyastuti Ubud Salim Ubud Salim Wahyudi, Deby Yuliana Wardiansyah, Defri Ramadan Zahrotul Auliya Rahmawati