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Determinant Factors Of Financial Distress In Construction Companies: Moderation By Company Size Miradji, Moh. Afrizal; Kamal, Irsyad; Sartika, Dewi; Purwanggono, Cuk Jaka; Setiawan, Iwan
JAS (Jurnal Akuntansi Syariah) Vol 8 No 2 (2024): JAS (Jurnal Akuntansi Syariah) - December
Publisher : LPPM ISNJ Bengkalis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46367/jas.v8i2.2074

Abstract

The purpose of this study is to investigate and evaluate the influence of intellectual capital (IC), debt-to-equity ratio (DER), and return on assets (ROA) on financial distress moderated by company size. This study uses a quantitative method with secondary data derived from financial reports obtained through the official website of the Indonesia Stock Exchange (IDX). Construction companies listed on the IDX 2017-2022 became the research population, and the sampling technique used purposive sampling to obtain 10 construction company sub-sector samples with 60 observation data. The data analysis technique uses panel data regression with the help of EViews 10 software. The results of this study indicate that intellectual capital, ROA, and company size have a positive effect, but DER has a negative effect on financial distress; company size is proven to be able to moderate the effect of intellectual capital and ROA on financial distress. Company size cannot moderate the effect between DER and financial distress. This research can complement existing theories and be a reference for future research on financial distress. This research can serve as a guide for companies that want to improve their performance and for investors who assess company performance to obtain investment certainty; in addition, the management of stock issuers can maintain good company performance to increase investor confidence sustainably.
Business Model Canvas Implementation on the Performance of MSMEs in Rural Areas Purwanggono, Cuk Jaka
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.v13i6.4418

Abstract

This study investigates the influence of implementing the business model canvas on the performance of micro, small, and medium enterprises in rural areas. The Business Model Canvas integrates nine components of business design, including customer relationship, customer segment, cost structure, channel, key activities, key partners, key resources, revenue stream, and value proposition. The objective of this study is to analyze how the structured use of these elements can strengthen business effectiveness and competitiveness within rural development contexts. A quantitative research method was applied through the distribution of questionnaires to business owners in rural communities. The collected data were analyzed using the partial least squares structural equation modeling method to examine the relationship between the implementation of the business model canvas and enterprise performance. The results indicate that the structured application of the business model canvas significantly improves the performance of micro, small, and medium enterprises. Enhanced partnerships, effective communication channels, and strong customer value propositions are identified as major contributors to better organizational outcomes. Practically, this study provides useful insights for policymakers and development agencies in formulating strategic management initiatives that support innovation, efficiency, and adaptability in rural entrepreneurship.
The Influence of Organizational Culture and Work Discipline on Employee Performance Through Organizational Support Among Educational and Technical Staff at Universitas Wahid Hasyim Purwanggono, Cuk Jaka
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 3 (2024): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i3.5345

Abstract

Human resources management encompasses all individuals involved in organizational activities, ranging from employees to managers and leaders. These individuals not only contribute physical labor but also provide valuable input in the form of thoughts, creativity, and innovation crucial for the progress and success of the organization. A strong organizational culture and high discipline can have a positive impact on organizational activities. Additionally, organizational support is essential in managing human resources to provide motivation and encouragement for the advancement of both employees and the organization. This research method employs statistical analysis using path analysis. The sample consists of 40 respondents. The research findings reveal that organizational culture and work discipline have a significant direct influence on employee performance, while the indirect influence through organizational support is not statistically proven.