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The Family Firm’s Performance: A Literature Review Iswadi Iswadi; Said Musnadi; Faisal Faisal
Proceedings of AICS - Social Sciences Vol 6 (2016): Proceeding of 6th AIC in conjuction with ICMSA
Publisher : Proceedings of AICS - Social Sciences

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The purpose of this article was to provide the understanding of the performance of family firms, explain the relationship of family ownership and family involvement in management and the performance of firms, and to show the differences in the performance of family firms and non- family firms. The analysis carried out based on the results of the review of 29 articles published in the international journals. The selected article is an article that proves the role of family ownership and family involvement in management as a monitoring of firms in order to increase the performance of firms. The results of the literature review found that family ownership and family involvement in management improved the performance of firms. Small scale firms, middle scale firms, and young company positively contributed to the performance of firms. The performance of family firms was better than the performance of non–family firms.
A Comparative Analysis of the Quality of Islamic and Conventional Banks’ Asset Management in Indonesia M. Shabri Abd. Majid; Said Musnadi; Indra Yadi Putra
Gadjah Mada International Journal of Business Vol 16, No 2 (2014): May-August
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (192.879 KB) | DOI: 10.22146/gamaijb.5463

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This research empirically and comparatively examines the quality of conventional and Islamic banks’ asset management in Indonesia during the period 2009-2011. Four general conventional banks [i.e., Bank Mandiri Indonesia (BMI), Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), and Bank Nasional Indonesia (BNI)] and four Islamic banks (Bank Muamalat, Bank Syariah Mandiri, Bank Syariah Mega Indonesia, and Bank Syariah BRI) were, respectively, explored. Specifically, the purpose of this study is to compare the quality of the Islamic and conventional banks’ asset management with the CAMEL (capital, asset, management, earning, and liquidity) method. It also attempts to analyse the influences of the ROA (Return on Asset), TLTA (Total Loan to Total Assets), and OITL (Operating Income to Total Liabilities) on the quality of the banks’ asset management. The CAMEL method was used to evaluate the quality level of the banks’ asset management, while the multiple regression analysis was then adopted to explore the determinants of the quality of the banks’ asset management. The study documented that Bank Syariah BRI was the best performing bank, with the highest CAMEL score of 50.33, while Bank Mandiri Indonesia was the worst performer with the lowest CAMEL score of 26.33. As a group, the Islamic banks were found to have better rankings, i.e., positions 1, 2, 3, and 6, while the conventional banks were found in 4, 5, 7, and 8, respectively. The study proved that the Islamic banks have a better asset management quality compared to their conventional counterparts. The Islamic banks were also proved to be better able to withstand the risks, particularly the financing risk.      
PEMANFAATAN TEKNOLOGI INFORMASI DALAM PEMBELAJARAN JARAK JAUH DI TENGAH PANDEMI COVID-19 DI UNIVERSITAS MUHAMMADIYAH ACEH Riza Septiani; Febyolla Presilawati; Teuku Muhammad Ilzana; Said Musnadi
Pedagogik : Jurnal Ilmiah Pendidikan dan Pembelajaran Fakultas Tarbiyah Universitas Muhammadiyah Aceh Vol 8, No 1, April (2021)
Publisher : Fakultas Agama Islam Universitas Muhammadiyah Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (2234.549 KB) | DOI: 10.37598/pjpp.v8i1, April.941

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Sejak akhir tahun 2019 lalu hingga saat ini pandemi Covid-19 telah melanda seluruh dunia, tak terkecuali juga terjadi di Indonesia. Meluasnya penyebaran SARS-CoV 2 ini juga turut mempengaruhi perubahan dalam dunia pendidikan, dimana proses belajar secara tatap muka di ruang kelas yang biasa dilakukan berubah menjadi pertemuan belajar jarak jauh (distance learning), hal ini dilakukan untuk memperlambat penyebaran dan mendukung pemerintah dalam menekan angka kasus Covid-19. Sesuai dengan kebijakan pemerintah, kegiatan belajar, bekerja, beribadah dari dan di rumah harus benar-benar efektif dilakukan, serta proses belajar dari rumah dilakukan dengan proses daring atau jarak jauh dengan memanfaatkan teknologi informasi. Tujuan dari penelitian ini adalah untuk menganalisa penggunaan teknologi informasi dalam proses belajar mengajar jarak jauh di tengah pandemi Covid-19 pada Universitas Muhammadiyah Aceh (UNMUHA). Penelitian ini menggunakan pendekatan kualitatif dengan survei online, terdapat 12 informan Dosen dan 15 informan mahasiswa dari beberapa Fakultas di UNMUHA. Data dianalisis menggunakan analisis tematik. Hasil penelitian dibagi menjadi beberapa tema, yaitu aplikasi pembelajaran daring, pengalaman pembelajaran daring, kendala dalam implementasi pembelajaran daring, peningkatan keterampilan dalam penggunaan aplikasi berbasis IT, keberlanjutan penggunaan E-learning dalam perkuliahan yang akan datang, dan pengalaman mahasiswa dalam pembelajaran daring. Secara keseluruhan hasil penelitian menunjukkan pemanfaatan teknologi informasi memiliki peranan yang sangat penting dalam pelaksanaan pembelajaran jarak jauh pada UNMUHA ditengah pandemi Covid-19. Proses belajar mengajar dapat berjalan baik dengan adanya teknologi informasi yang sudah berkembang pesat saat ini melalui berbagai aplikasi e-learning termasuk Google Classroom, Whatsapp, Zoom Meeting dan media lainnya dengan syarat adanya ketersediaan jaringan internet yang baik untuk menghubungkan dosen dan mahasiswa, sehingga proses belajar mengajar dapat dilaksanakan dengan baik pula sebagaimana mestinya di tengah pandemi Covid-19.
FAKTOR-FAKTOR YANG MEMPENGARUHI PENGELUARAN PEMERINTAH INDONESIA. Asahdi, Abubakar Hamzah, Said Musnadi.
Jurnal Ilmu Ekonomi : Program Pascasarjana Unsyiah Vol 3, No 2: Mei 2015
Publisher : Jurnal Ilmu Ekonomi : Program Pascasarjana Unsyiah

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Abstract : This study aimed to analyze the factors that influence the Indonesian government spending for 10 years where economic growth in Indonesia is still in a developmental stage. with the passing of government, government expenditures on activities that include government spending in politics and in the economic field where everything is planned in the State Budget (APBN). In managing resource revenues and government spending, the government is doing good policies in the field of monetary policy or policies fiskal.yang where this policy will impact a major influence on the government in carrying out activities in the field of economy in Indonesia, Indonesia as one of the country which is well underway to promote national development, realizing the importance of development and the welfare of society as well as catch up with other countries that an attempt to improve the standard of living, foreign debt often makes the government less motivated to increase revenue in this negerinya.Hal shown shortcomings in financing government spending in the state budget which is always closed with debt, particularly foreign debt outside the township negeri.Utang often lacking focus and unclear pemanfaatannya.Seperti poverty alleviation programs, policies like raises a big question because the state constitution to relinquish responsibility for the welfare of the poor with run programs donor countries and this situation creates a dependency between countries with the miskin.Hal that should be done is the independence of the poor in the welfare of her with open jobs spacious and easily accessible to the poor and to provide protection to their products. Keywords : The lifeblood of government comes from the people. Abstrak : Penelitian ini bertujuan untuk menganalisis Faktor-faktor yang mempengaruhi Pengeluaran Pemerintah Indonesia selama 10 tahun dimana pertumbuhan ekonomi di Indonesia masih berada pada tahap perkembangan. seiring dengan berjalannya pemerintahan, pengeluaran pemerintah atas kegiatan-kegiatan pemerintahan yang mencakup pengeluaran di bidang politik maupun di bidang ekonomi yang mana semuanya sudah di rencanakan dalam Anggaran Pendapatan dan Belanja Negara (APBN). Dalam mengelola sumber pendapatan dan pengeluaran pemerintah, pemerintah dalam ini melakukan kebijakan-kebijakan baik kebijakan di bidang moneter maupun kebijakan fiskal.yang mana kebijakan ini akan memberikan dampak yang berpengaruh besar terhadap pemerintah dalam menjalankan kegiatan di bidang perekonomian di Indonesia, Indonesia sebagai salah satu negara yang tengah giat–giatnya menggalakkan pembangunan nasional, menyadari akan pentingnya pembangunan dan tingkat kesejahteraan masyarakat serta mengejar ketertinggalannya dari negara–negara lain yang merupakan usaha untuk meningkatkan taraf kehidupan, Utang luar negeri sering membuat pemerintah kurang terpacu untuk meningkatkan pendapatan dalam negerinya.Hal ini ditunjukkan kekurangan dalam pembiayaan pengeluaran pemerintah dalam APBN yang selalu ditutup dengan utang, terutama utang luar negeri.Utang luar negeripun sering kurang fokus dan tidak jelas pemanfaatannya.Seperti program pengentasan kemiskinan, kebijakan sejenisnya menimbulkan pertanyaan besar karena Negara melepaskan tanggungjawab dalam konstitusi untuk mensejahterakan kaum miskin dengan menjalankan program negara donor dan situasi ini menciptakan ketergantungan antara negara dengan orang miskin.Hal yang seharusnya dilakukan adalah kemandirian kaum miskin dalam mensejahterakan dirinya dengan membuka lapangan pekerjaan yang luas dan mudah diakses kaum miskin tersebut serta memberikan proteksi terhadap produk yang mereka hasilkan. Kata Kunci : urat nadi pemerintahan berasal dari rakyat.
PENGARUH INVESTOR CONFIDENCE YANG DIMODERASI OLEH TATA KELOLA PERUSAHAAN TERHADAP KEPUTUSAN INVESTASI PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA Maya Zatil Aqmar; Said Musnadi
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 6, No 2 (2021): Mei
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v6i2.15729

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 This research examines how corporate governance can reduce asymmetric information which will ultimately foster investor confidence in a company.  Investor confidence has a significant influence on investment decisions, investor confidence can affect financing in the company. Therefore this study aims to determine the effect of corporate governance and investor confidence on investment decisions. This study uses panel data, with purposive sampling method in order to obtain a sample of 25 manufacturing companies listed on the Indonesia Stock Exchange during the 2015-2018 period.  The analytical method used is OLS.  The findings of this study confirm that there is a significant influence of investor confidence in investment decisions in manufacturing companies.  Our findings also imply that investment rates are higher in companies with good corporate governance.  Good corporate governance practices can improve the oversight function of board members, so it will be sufficient to control the interests of shareholders, so that company managers can make decisions effectively. 
PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN NON-KEUANGAN DI BURSA EFEK INDONESIA Reka Dina; Said Musnadi
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 5, No 4 (2020): November
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v5i4.11891

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This study to aims to examine the effect of ownership structure on dividend policy in non-financial companies in Indonesia Stock Exchange on period 2011-2017. The technique used in this study is purposive sampling based on some certain criterias to obtain 26 samples from companies. The Fixed Effect Model method is used for the analysis. The results show that institutional ownership has significant positive effects on dividend policy. The higher institutional ownership, the greater monitoring of institutional to management, so the shareholders will get more profit of dividend. Meanwhile managerial ownership has significant negative effects on dividend policy. The higher managerial ownership makes companies more likely to allocate profit to retained earning and the lower managerial ownership, the company will pay more dividend as a good sign for future corporate performance.Keywords: Agency theory, institutional ownership, managerial ownership and dividend policy. 
PENGARUH MARKET TIMING TERHADAP LEVERAGE PADA PERUSAHAAN NONKEUANGAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA Indah Karmila; Said Musnadi
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 5, No 2 (2020): Mei
Publisher : Departemen Manajemen

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This study aims to examine the effects of market timing and its persistence on changes in the level of leverage in non-financial companies which conduct IPOs on the Indonesia Stock Exchange for the 2009-2017 period. The purposive sampling technique with certain criteria was used in the study to obtain a sample of 87 companies in each IPO period. The Ordinary Least Squares (OLS) method was used for the analysis.The results indicate that the market to book ratio has significant negative effects on the level of change in leverage and the market timing has long-term effects (persistence) on the companies leverage until the time of study t+3. The results of this study are expected to be a consideration for companies to be able to optimize the capital structure by looking at market conditions. For investors, this research is expected to help to analyze the phenomenon of market timing so that investors can determine the right time to sell and buy shares, thus investors can maximize investment returns.
PERBANDINGAN KEAKURATAN REKOMENDASI SAHAM PADA PT RHB SEKURITAS INDONESIA DAN PT MANDIRI SEKURITAS Dira Meiliza; Said Musnadi
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 7, No 1 (2022): Februari
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v7i1.17120

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This study aims to find the accuracy of stocks, target price and bias recommendation by analyzing PT RHB Sekuritas Indonesia and PT Mandiri Sekuritas. The data were collected from primary and secondary sources. Population of this study were all LQ 45 companies listed in Indonesia Stock Exchange that have been received recommendation from PT RHB securities Indonesia and PT Mandiri Sekuritas  for the period of February- July 2020. The hypothesis testing used in this study by using Uji Beda t-test, the results show that: 1) The level of accuracy of PT RHB Sekuritas Indonesia analyst recommendations is more accurate than PT Mandiri Sekuritas.. 2) The target price for PT Mandiri Sekuritas analysis is superior to that of PT RHB Sekuritas Indonesia 3) Analysis recommendation of PT RHB Sekuritas and PT Mandiri Sekuritas shown bias negatively.
PENGARUH IKLIM ORGANISASI DAN KEPUASAN KERJA TERHADAP KOMITMEN DAN DAMPAKNYA PADA KINERJA PEGAWAI DINAS KOPERASI DAN USAHA KECIL DAN MENENGAH ACEH Fariana Fariana; Said Musnadi; M. Shabri Abdul Majid
Jurnal Manajemen Inovasi Vol 8, No 3 (2017): Jurnal Manajemen Inovasi: Oktober 2017
Publisher : Departemen Manajemen, Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (649.546 KB) | DOI: 10.24815/jmi.v8i3.9338

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ABSTRACT Performance is should  be possessed by every employee to perform any duties and responsibilities given to the employee organization. With a good performance, any employee can resolve any burden of organizations with effective and efficient way so that the problems that occur in an organization can be overcome. To improve performance, the Office of Cooperatives and SMEs in Aceh need to pay attention to the organizational climate and employee commitment. Respondents in this study amounted to 123 persons who were employees of this organization.. The analysis method used was Path Analysis which was the development of a regression analysis which is operated by using SPSS 22. Results showed Organizational Climate, Job Satisfaction and Work Commitment affect either partially or simultaneously on Employee Performance of Department of Cooperatives and Small enterprises of Aceh. The results also show that there is a direct effect of Organizational Climate, Job Satisfaction on Employee Performance Department of Cooperatives and Small and Medium Enterprise Aceh. Keywords: Organizational Climate, Job Satisfaction, Work Commitment, Employee Performance
PENGARUH MANAJEMEN PENGETAHUAN, GAYA KEPEMIMPINAN DAN INSENTIF TERHADAP KINERJA PEGAWAI SERTA IMPLIKASINYA TERHADAP KINERJA ORGANISASI PADA KANTOR PELAYANAN PAJAK PRATAMA BANDA ACEH Azhari Azhari; Said Musnadi; Mirza Tabrani
Jurnal Manajemen Inovasi Vol 8, No 2 (2017): Jurnal Manajemen Inovasi: Juni 2017
Publisher : Departemen Manajemen, Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (187.803 KB) | DOI: 10.24815/jmi.v8i2.9343

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Abstract The purpose of this study was to analyze: (1) the impact of knowledge management on employee performance (2) the effect of leadership style on employee performance, (3) the effect of incentives on employee performance (4) the effect of knowledge management on organizational performance (5) the effect of leadership style on the performance of the organization, (6) the effect of incentives on organizational performance, (7) the impact of employee performance to organizational performance (8) the effect of the influence of knowledge management on organizational performance through employee performance, (9) the effect of leadership style on organizational performance through employee performance (10) the effect of incentives on organizational performance through employee performance. This research was conducted at the Tax Office Primary Banda Aceh. As for the object of this research is knowledge management, knowledge management, incentives, employee performance, and organizational performance. The results show that knowledge management, leadership style, and incentives effect on employee performance, and knowledge management, leadership styles and incentives also have an influence on organizational performance. The results also proved that the performance of employees also affects the performance of the organization. The results based on the indirect effect is obtained explanation that knowledge management, leadership styles and incentives affect the performance of the organization through employee performance. The results of this study prove that either simultaneously or partial, knowledge management, leadership style and incentive effect on employee performance and organizational performance. Keywords        Knowledge Management, Leadership Style, Incentives, Employee Performance and Organizational Performance