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Capital Structure Modelling: Evidence From The Jakarta Islamic Index (JII) Wuryaningsih Dwi Lestari; Anestia Retno Kusumastuti; Ma’ruf Ma’ruf; Wafiatun Mukharomah; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 11th University Research Colloquium 2020: Bidang Sains dan Teknologi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

The purpose of this study was to determine the effect of variables firm size, liquidity, profitability, tangibility, and growth opportunity on the capital structure of companies listed in the Jakarta Islamic Index (JII). This study uses secondary data in the form of financial statements from each company. The sample collection uses purposive sampling. The population in this study were companies listed in JII for the period 2008-2017 with a sample of four companies. The data analysis technique used is panel data. The results of this study indicate that firm size has no significant effect on capital structure, liquidity has a significant negative effect on capital structure, profitability has no significant effect on capital structure, while tangibility and growth opportunity have a significant negative effect on capital structure. The results of this study are expected to be a consideration for academics, companies, and investors in determining or estimating a healthty capital structure by considering variables firm size, liquidity, profitability, tangibility, and growth opportunity.
An Empirical and Theoretical Literature Reviews on Creative Economy of Culinary in South Heritage Town Square of Surakarta Palace (Central Java, Indonesia) Nur Achmad; Sri Murwanti; Siddiq Purnomo; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 11th University Research Colloquium 2020: Bidang Sosial Humaniora dan Ekonomi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Keraton Surakarta is one of the tourism destinations in Surakarta, Central Java. The southern side Keraton Surakarta looks rundown with quite untidy culinary street vendors and it was well-known as an area for night prostitution a decade ago. Previous research has already identified a mapping and economic potential of creative SMEs of culinary occupying in the Alun-Alun Kidul Keraton Kasunanan Surakarta. This literature and empirical study consists of three sections. First, it presents creative economic potential in the Alun-Alun Kidul Keraton Kasunanan Surakarta. Second, it discusses the various regulations on the management of street vendors. Third, it presents various empirical studies on the creative economy and the arrangement of the Alun-Alun Kidul. Content analysis of literature study was conducted to generate a pre-analysis strengths, weaknesses, opportunities and challenges of the creative economy in the Alun-Alun Kidul Keraton Kasunanan Surakarta. The results of this study show that the Alun-Alun Kidul Keraton Kasunanan Surakarta becomes a recreation potential for medium-small income people. Besides, the regulation issued by local government and the Kasunanan Surakarta prohibit it to be permanent place for street vendors. In addition, various empirical studies show the importance of managing and structuring the Alun-Alun Kidul Keraton Kasunanan Surakarta as small recreational place for public while accommodating street vendors leads to good and fair situation for all parties.
Analysis of Global Economic-Oriented Micro, Small and Medium Enterprises (SMEs) Mapping to Support the Success of Sustainable Development Goals (SDGs) Case study: Sukoharjo, Indonesia Umrotun Umrotun; Priyono Priyono; Choirul Amin; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 11th University Research Colloquium 2020: Bidang Sosial Humaniora dan Ekonomi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Creative economy remains a critical issue for developing countries, including Indonesia. The Sustainable Development Goals (SDGs) show that the world agreed to boost the economy around the world. Micro, Small and Medium Enterprises (SMEs) creative industries are expected to compete in the global era, yet weak in the synergy between stakeholders. Previous researches have produced a map of the distribution of the creative economy in Sukoharjo Regency. Empirical and literature studies consist of three sections. First, it presents the potential creative economy of Sukoharjo Regency. Second, it discusses the various regulations, strengths, weaknesses, opportunities, and threats of the creative economy. Third, it presents various empirical studies about the creative economy. Literature study method was analyzed using content analysis to generate pre-analysis strengths, weaknesses, opportunities, and threats of the creative economy. The results of this study show that the creative economy in Sukoharjo Regency is potential for increasing the Gross Domestic Product of Regions. Besides, the study found local government regulations and identification of the strengths, weaknesses, opportunities, and challenges of creative economy in Sukoharjo Regency. In addition, the empirical study of strategies for improving the creative economy was also found. The results of this study need to be optimized to recommend a spotlight on the creative economy towards superior product.
Water Resources Management in the Islamic Economics Perspective Atwal Arifin; Mujiyati Mujiyati; Noer Nasongko; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 11th University Research Colloquium 2020: Bidang Sosial Humaniora dan Ekonomi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Islamic Economic Principles prevent damage and realize the benefit that is maintained for humanity, nature and the environment. This paper presents literature and empirical studies regarding the management of water resources in an Islamic perspective. Literature study is divided into three main sections. The first part is a preliminary study of the concept of water resources management between the Islamic economic system and the conventional economic system. The second presents a discussion of optimizing water resources to meet community and environmental needs and increase village and regional income. The third part that have been carried out regarding the management of water resources in Indonesia. The method used in this study the literature review method, analyzed by content analysis supported by NVivo software. The results of the study are that there an equation but it is a fundamental difference in water resources in the conventional economy compared to the Islamic economy. Besides that, the management of water resources using the Village Owned Enterprise (VOE) model is able to optimize the management of water resources for many people. There is still little review of water resources in the perspective of Islamic Economics. Therefore, an in-depth study is needed to find the VOE success factor model in air resources management in Klaten as well as efforts to find an air resource management model with an Islamic Economics perspective.
Evaluasi Pemanfaatan E-learning berbasis App Lesson sebagai Media Pembelajaran di Masa Pandemi COVID-19 (Studi pada Mahasiswa Universitas Muhammadiyah Surakarta) Rezki Nur Hidayat; Viciananda Fristyaningrum; Intan Damayanti; Reni Maulina; Muhammad Saiful Huda; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 12th University Research Colloquium 2020: Mahasiswa Student Paper
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Penggunaan e-elearning berbasis app lesson pada mahasiswa menjadi salah satu solusi pembelajaran di masa pandemi covid-19. Permasalahan muncul akibat adanya pemanfaatan e-learning ini, apakah pemanfatan e-learning ini efekif bagi mahasiswa Universitas Muhammadiyah Surakarta dan membawa dampak positif dalam proses pembelajaran, maka perlu dilakukannya suatu evaluasi. Penelitian ini bertujuan untuk mengetahui evaluasi pemanfaatan e-learning dimasa pandemi covid-19, dan dampak pemanfatan e-learning terhadap proses pembelajaran serta mengetahui strategi apa yang harus digunakan oleh mahasiswa dalam menggunakan e-learning dimasa pandemi. Desain penelitian ini menggunakan desain kasual melalui pengukuran EUCS (End User Computing Satisfacton) dengan variable indikator isi (content), akurasi (accurasy) , format, kemudahan (easy of use) dan ketepatan waktu (timeliness) . Teknik sampling yang digunakan ialah simple random sampling.Metode pengumpulan data menggunakan metode kuisioner melalui gogle form. Metode exploratif dengan pendekatan deskriptif merupakan metode dari analisis data dalam penelitian ini. Hasil penelitian ini akan menunjukkan evaluasi pemanfaatan e-learning berbasis app lesson pada mahasiswa Universitas Muhammadiyah Surakarta.
Systemic Literature Review: Peran Kesuksesan Tenaga Profesional Asing di Indonesia dalam Meningkatkan PDRB melalui Kinerja Perusahaan Siti Fatimah Nurhayati; Eni Setyowati; Muhammad Arif; Muhammad Sholahuddin
Prosiding University Research Colloquium Proceeding of The 12th University Research Colloquium 2020: Sosial Ekonomi dan Psikologi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Eksplorasi untuk menemukan model kesuksesan tenaga kerjaprofesional (ekspatriat) asing di Indonesia sangat penting dilakukanuntuk meningkatkan kualitas tenaga kerja Indonesia sehingga dapatmengurangi kesenjangan kualitas tenaga kerja Indonesia denganpihak yang memerlukan tenaga kerja. Penelitian ini berupaya untukmenggali karakteristik dan kunci sukses tenaga kerja profesionalasing di Indonesia untuk peningkatan Pendapatan DomestikRegional Bruto melalui peningkatan kinerja perusahaan. Hal inisangat penting karena pendapatan tenaga kerja profesional asingbisa mencapai puluhan kali lipat dibandingkan tenaga kerjaIndonesia yang tidak mempunyai keahlian khusus. Rumusan masalahpenelitian ini adalah bagaimana model penentu utama kesuksesantenaga kerja profesional asing di Indonesia yang berkontribusiterhadap perekonomian daerah? Tujuan penelitian ini adalah untukmengkonfirmasi temuan karakteristik dan kunci sukses tenaga kerjaprofesional asing di Indonesia melalui telaah pustaka terkait sampaiterkonfirmasi konsep rancangan model tersebut yang berkontribusiterhadap perekonomian Indonesia (daerah). Hasilnya dianalisisdengan analisis isi (content analysis). Di akhir penelitian diharapkandihasilkan rekomendasi rancangan kebijakan pemerintah terhadappeningkatan kualitas Tenaga Kerja Indonesia.
PENGARUH PROFITABILITAS, LEVERAGE DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN (SYSTEMIC LITERATURE REVIEW) Muhammad Sholahuddin; Angga Nur Pradana; Hasna Albana Awangrif
Prosiding University Research Colloquium Proceeding of The 12th University Research Colloquium 2020: Sosial Ekonomi dan Psikologi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Nilai Perusahaan merupakan kondisi yang menggambarkanpencapaian suatu perusahaan selama proses beroperasinya.Peningkatan nilai perusahaan merupakan prestasi yangmencerminkan peningkatan kemakmuran bagi pemegang saham.Rasio keuangan yang digunakan untuk mengukur nilai perusahaanadalah rasio profitabilitas, rasio leverage dan kebijakan deviden.Tujuan penelitian ini adalah menganalisis pengaruh profitabilitas,leverage dan kebijakan deviden terhadap nilai perusahaan padaperusahaan yang terdaftar di Jakarta Islamic Index 2009-2019.Penelitian ini merupakan jenis penelitian deskriptif denganpendekatan kuantitatif. Teknik pengambilan sampel menggunakanmetode purposive sampling sebanyak 6 perusahaan yang terdaftar diJakarta Islamic Index periode 2009-2019. Rasio profitabilitas diukurdengan melihar Return On Asset dan Return On Equity, sedangkanLeverage diukur dengan melihat Debt to Equity Ratio dan kebijakandeviden dapat diukur dengan Dividend Payout Ratio. AnalisisRegresi dengan data panel dalam penelitian ini menggunakansoftware E-Views 7. Hasil dari penelitian ini menyatakan variabelProfitabilitas yang diukur dengan Return On Assets dan Return OnEquity berpengaruh signifikan terhadap Nilai Perusahaan. Variabelleverage yang diukur dengan Debt To Equity Ratio tidakberpengaruh signifikan terhadap Nilai Perusahaan. KebijakanDeviden yang diukur dengan Dividend Payout Ratio berpengaruhsignifikan terhadap Nilai Perusahaan. Penelitian ini berkontribusi didunia investasi saham untuk memberikan informasi kepada investoruntuk menentukan perusahaan yang memiliki prospek yang baguskedepannya dengan melihat Return On Assets, Return On Equity danDividend Payout Rationya.
A Panel Data Analysis of Earnings Growth Determinants in Jakarta Islamic Index Muhammad Sholahuddin; Zainur Miftakhul Jannah; K Kussudyarsana; Nur Achmad
Prosiding University Research Colloquium Proceeding of The 14th University Research Colloquium 2021: Bidang Ekonomi dan Bisnis
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

This study aims to analyze the influence of current ratio, and total asset turnover on profit growth. Current ratio is one of liquidity ratio and total asset turnover is one of activity ratio. This type of research is quantitative data. The population used in this study is all companies registered in the Jakarta Islamic Index (JII) period 2016-2020. This research hypothesis test uses secondary data with purposive sampling techniques and companies that meet the criteria of 18 companies. Secondary data uses data collection by means of documentation. The analysis methods used are Multiple regression test of panel data, Classic assumption test, goodness of fit model accuracy test and hypothesis testing. The results of this study partially show that the current ratio has a significant positive effect on profit growth. While total asset turnover negatively affects profit growth. Simultaneously the current ratio and total asset turnover have a significant effect simultaneously on the company's profit growth.
Penguatan Majelis Ekonomi PCM Jebres Melalui Peningkatan Nilai Produk Pengusaha Binaan PCM Jebres Muhammad Sholahuddin; Wuryaningsih Dwi Lestari; Sri Padmantyo; Zulfa Irawati; Moechammad Nasir; Rini Kuswati; Edy Purwo Saputro; Sri Murwanti
Prosiding University Research Colloquium Proceeding of The 15th University Research Colloquium 2022: Bidang Pengabdian Masyarakat
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

This activity is a community service carried out in the City of Jebres for a micro-enterprise (UMKM) with the business name PCM Jebres. The spread of COVID-19 that hit Indonesia directly had a negative impact on micro-enterprises in Indonesia, especially in the City of Jebres. The implementation of Large-Scale Social Restrictions (PSBB) by both central and regional governments significantly reduces consumer access to these micro-enterprises. The purpose of this community service is to increase the entrepreneurial knowledge and skills of business owners in selling through social networking media. The method of implementation includes the first stage of socialization and preparation, the second stage is the circumcision of materials, the third stage is the implementation, the fourth stage is monitoring and evaluation then the last stage is the preparation of scientific reports and publications. Results obtained after mentoring show an increase in partners' understanding of the P-IRT submission process. This activity is expected to be an example for other micro-businesses affected by the COVID-19 pandemic and be a solution to the existing MSME problem. This service has been implemented socialization of P-IRT submission program in January. Based on the results of the evaluation before and after the event, participants already understand how the P-IRT submission process. Participants have filled out the official adjutant form of socialization of surakarta health office. Among the requirements is a photo of yourself. Participants who do not have a photo of themselves are directly helped in the photo at the place of activity. The next activity is adjutant technical guidance to the Surakarta Health Office and uploading P-IRT adjutant.
PENGARUH CITRA DESTINASI TERHADAP MINAT BERKUNJUNG KEMBALI KE OBYEK WISATA WADUK KEDUNG OMBO Ihza Aditya Wisnu; Muhammad Sholahuddin
VALUE Vol 4 No 1 (2023): April 2023 - September 2023
Publisher : PRODI AKUNTANSI FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS TJUT NYAK DHIEN (UTND)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36490/value.v4i1.717

Abstract

This study researches the effect of destination image on the interest in revisiting the Kedung Ombo Reservoir tourist attraction using a quantitative approach. Data collection in this study was carried out using a questionnaire questionnaire distributed online to visitors to the tourist attraction. The sample size of this study was 100 respondents, and data processing was conducted using IBM SPSS Statistics software version 21. The t-test analysis showed that partly cognitive and partly conative factors had a positive and significant effect on revisit interest, while Affective had a significant but weak effect. The implication of this study is that destination managers should prioritise improving cognitive and conative factors to increase visitors' interest in returning to Kedung Ombo Reservoir. The novelty of this study lies in its empirical findings, which contribute to the destination management literature regarding the influence of destination image on return visit interest.