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The Mutual fund investment performance: Indonesia Sharia stock index as characteristics moderating model Azis, Musdalifah; Darmalaksana, Dedy; Suryaningsi, Suryaningsi; Jaafar, Muhammad Sukar
Jurnal Ekonomi & Keuangan Islam Volume 10 No. 2, July 2024
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol10.iss2.art9

Abstract

Purpose – This study investigates how the Sharia stock price index influences the relationship between various factors, such as the expense ratio, portfolio turnover ratio, cash ratio, age, size, and characteristics of Sharia mutual funds, and their overall performance. Methodology – This study employed a quantitative descriptive research method to analyze 316 populations. Purposive sampling was used to obtain a total of 51 samples. We used research tools for data collection and SMART PLS 4 statistical software to analyze the collected data. Findings – The characteristics of ISSI-moderated mutual funds have a significant positive effect on the performance of Sharia mutual funds. To achieve better performance, investment managers must incur high costs in implementing active strategies. The more active the investment manager is in trading by looking at existing opportunities, the better the performance of the Sharia Mutual Funds. Implications – The implications of this research indicate that the movement of the Sharia stock price index can strengthen the positive causal relationship between several characteristics of Sharia mutual funds. The effects of Sharia mutual fund portfolio instruments, including shares, bonds, and deposits from the Sharia banking industry, also contribute to improving the performance of Sharia mutual funds in Indonesia.Originality – This study investigates the moderating role of the Sharia stock price index on several characteristics of Sharia mutual funds, including the expense ratio, portfolio turnover ratio, cash ratio, age of the mutual funds, and size of the mutual funds, in relation to their performance.
Pengaruh liquidity dan stock selection skill terhadap kinerja reksadana: reksadana campuran di indonesia periode 2019-2020 Walikram, Abdullah Dzuljalali; Azis, Musdalifah
Jurnal Ilmu Manajemen Mulawarman (JIMM) Vol. 8 No. 2 (2023): Juni
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jimm.v8i2.10840

Abstract

Tujuan dari penelitian ini untuk mengetahui pengaruh dari Liquidity dan Stock Selection Skill terhadap Kinerja Reksadana Campuran di Indonesia periode 2019-2020 pada perusahan Reksadana yang terdaftar dalam Otoritas Jasa Keuangan (OJK). Data yang digunakan adalah data sekunder, berupa laporan keuangan dan laporan prospektus perusahan Reksadana campuran di Indonesia yang bisa di akses pasa situs resmi pasardana.id. Populasi pada penilitan berjumlah 164 dan sampel berjumlah 38 dann teknik pengambilan sampel adalah purposive sampling. Peniliti menggunakan metode pengumpulan data yang terdiri dari populasi manajer investasi dengan tipe konvensional yang diterbitkan serta dipublikasikan oleh Otorotas Jasa Keuangan (OJK). Hasil penelitian menunjukkan bahwa Liquidity berdampak negatif tidak signifikan terhadap Kinerja Reksadana. Stock Selection Skill berdampak positif signifikan terhadap Kinerja Reksadana.
Pengaruh total quality management terhadap kinerja operasional Putra, Yoga Merdeka; Ilmi, Zainal; Azis, Musdalifah
Jurnal Ilmu Manajemen Mulawarman (JIMM) Vol. 8 No. 3 (2023): September
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jimm.v8i3.10890

Abstract

Tujuan dari penelitian ini adalah untuk menguji pengaruh Total Quality Management terhadap Kinerja Operasional pada UKM Thor Chicken. Metode pengambilan sampel menggunakan purposive sampling, sampel diambil sebanyak 34 responden. Teknik analisis yang digunakan dalam penelitian ini adalah analisis regresi linier berganda dengan menggunakan spss 23. Hasil penelitian ini membuktikan bahwa kepuasan pelanggan, pemberdayaan karyawan, &; peningkatan kualitas berkelanjutan berpengaruh positif dan signifikan terhadap kinerja operasional.
Analisis pengendalian persediaan suku cadang alat berat menggunakan metode economic order quantity (EOQ) Sidiq, Syahrurramadhan; Ilmi, Zainal; Azis, Musdalifah
Jurnal Ilmu Manajemen Mulawarman (JIMM) Vol. 8 No. 4 (2023): November
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jimm.v8i4.11202

Abstract

Tujuan Penelitian ini adalah untuk menganalisis pengendalian persediaan suku cadang alat berat Berat menggunakan metode Economic Order Quantity (EOQ) pada PT. United Tractor Tbk, Cabang Berau. Data yang digunakan dalam penelitian ini adalah data sekunder, data ini terdiri dari banyaknya akan permintaan pada 1 jenis suku cadang alat berat yang bersifat krusial pada alat berat, biaya pemesanan suku cadang alat berat, biaya simpan suku cadang alat berat dan waktu tunggu pemesanan pada PT. United Tractor Cabang Berau. Teknik analisis dalam penelitian ini menggunakan metode Economic Order Quantity (EOQ). Hasil penelitian ini menyatakan bahwa Economic Order Quantity dapat memberikan pengendalian persediaan yang optimal.
Optimization of Local Original Revenue (PAD) through Regional Tax Revenue of North Kalimantan Province Indriani, Henny; Muktiyanto, Ali; Azis, Musdalifah
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 7 No 3 (2024): May 2024
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v7i3.2739

Abstract

Purpose: to analyze the effect of local tax revenue targets, regional tax intensification and intensification costs and management of regional tax receivables on the optimization of regional revenues of the North Kalimantan Provincial Government Design/methodology/approach: quantitative research by taking the object of research at the Regional Revenue Agency of North Kalimantan Province in Tanjung Selor City. The analysis techniques used use multiple linear regression analysis, t-test and determination coefficient analysis Findings: the variable target of regional tax revenue has a positive and significant influence on the optimization of local original revenue of North Kalimantan Province in 2015-2022. The variable costs of intensification and extensification do not have a significant influence on the optimization of local native income of North Kalimantan Province in 2015-2022. The variable of regional tax receivables management has a negative and significant influence on the optimization of local original revenue of North Kalimantan Province in 2015-2022. Practical implications: Intensifying local tax revenue targets, local tax intensification and intensification costs and managing regional tax receivables towards optimizing local revenues of the North Kalimantan Provincial Government. Originality/value: This paper is original Paper type: research paper
The Influence of Profitability and Capital Structure on Firm Value with Environmental, Social, and Governance (ESG) as a Moderating Variable in Banking Companies on the Indonesia Stock Exchange (2019-2023) Purba, Pristisani; Defung, F.; Azis, Musdalifah
Jurnal Pendidikan Indonesia Vol. 6 No. 11 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i11.8807

Abstract

This study aims to analyze the influence of profitability and capital structure on firm value with Environmental, Social, and Governance (ESG) as a moderating variable in banking companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The research method uses panel data regression analysis with a Moderated Regression Analysis (MRA) approach. The research sample consists of 6 banks selected through purposive sampling technique. The results show that: (1) Profitability (ROA) does not have a significant effect on firm value; (2) Capital structure (DER) has a significant positive effect on firm value; (3) ESG strengthens the relationship between capital structure and firm value; (4) ESG does not significantly moderate the relationship between profitability and firm value. The Adjusted R² value of 0.4754 indicates that the model is fairly representative in explaining the variation in firm value. The implications of this research emphasize the importance of integrating ESG into banking financial strategies to enhance long-term firm value.
Pengaruh Literasi Keuangan, Kemajuan Teknologi Informasi dan Modal Minimal terhadap Minat Investasi Reksa Dana pada Mahasiswa di Kota Samarinda Wildania, Maulida; Azis, Musdalifah
FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 27 No. 4 (2025): Oktober
Publisher : FEB Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v27i1/4477

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, kemajuan teknologi informasi dan modal minimal terhadap  minat investasi reksa dana pada mahasiswa di kota Samarinda. Penelitian ini menggunakan pendekatan kuantitatif. Metode pengumpulan data menggunakan kuesioner dengan pengukuran skala semantic yang memperoleh data ordinal. Populasi dalam penelitian ini mencakup mahasiswa aktif yang sedang menempuh pendidikan di kota Samarinda, sedangkan metode pengambilan sampel menggunakan non-probability sampling dengan sampel berjumlah 150. Hasil penelitian menunjukkan bahwa literasi keuangan berpengaruh positif dan signifikan terhadap minat investasi reksa dana, kemajuan teknologi informasi berpengaruh negatif dan tidak signifikan terhadap minat investasi reksa dana, serta modal minimal berpengaruh positif dan signifikan terhadap minat investasi reksa dana
Pengaruh Pendapatan Sewa Kapal, Pembayaran Deviden dan Leverage yang Dimoderasi Dengan Variabel Kualitas Laba Terhadap Kinerja Keuangan Pada PT. IMC Pelita Logistik TBK Indonesia Fithriana, Sulvi; Azis, Musdalifah; Purnamasari, Ike
Jurnal Locus Penelitian dan Pengabdian Vol. 5 No. 3 (2026): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v5i3.5668

Abstract

Kinerja keuangan merupakan indikator utama yang menggambarkan kemampuan perusahaan dalam mengelola sumber daya untuk mencapai profitabilitas dan keberlanjutan usaha. Studi ini mengkaji pengaruh pendapatan sewa kapal, pembayaran dividen, dan leverage terhadap kinerja keuangan PT. IMC Pelita Logistik Tbk Indonesia periode 2017-2024, dengan kualitas laba sebagai variabel moderasi. Penelitian ini menggunakan data kuantitatif, pengolahan data menggunakan analisis regresi linier berganda, Moderated Regression Analysis ( MRA ), SPSS. Datanya bersumber dari Laporan Keuangan dan data sekunder lainnya, temuan penelitian menunjukkan bahwa pendapatan sewa kapal, pembayaran dividen, dan leverage berpengaruh positif dan signifikan terhadap kinerja keuangan. Pendapatan sewa kapal, sebagai sumber daya strategis, secara langsung meningkatkan profitabilitas dan efisiensi operasional, konsisten dengan Resource-Based View (RBV). Pembayaran dividen bertindak sebagai sinyal kuat kesehatan keuangan, mendukung kepercayaan investor dan stabilitas pasar sejalan dengan Signaling Theory. Sementara itu, leverage secara optimal meningkatkan profitabilitas melalui perlindungan pajak dan struktur modal yang efektif, sejalan dengan Trade-Off Theory. Studi ini lebih lanjut menunjukkan bahwa kualitas laba memoderasi hubungan ini secara signifikan. Secara spesifik, interaksi antara pendapatan sewa kapal dan kualitas laba melemahkan pengaruhnya terhadap kinerja keuangan, menunjukkan bahwa praktik akuntansi konservatif membatasi dampak penuh pendapatan sewa terhadap kinerja yang dilaporkan. Temuan ini menyoroti peran penting kualitas laba dalam membentuk bagaimana keputusan keuangan dan pengelolaan sumber daya diterjemahkan menjadi kinerja perusahaan yang terukur.
THE EFFECT OF FINANCIAL LITERACY, FINANCIAL INCLUSION, AND GENDER BEHAVIOR ON INVESTMENT DECISIONS WITH INVESTMENT EXPERIENCE AS A MODERATING Iwan Sujarwo; Musdalifah Azis; Wirasmi Wardhani
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 5 No. 4 (2026): MARCH
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.19362564

Abstract

This study investigates the determinants of investment decisions among culinary Micro, Small, and Medium Enterprises (MSMEs) in Balikpapan, Indonesia. It addresses the critical need to understand why MSMEs, vital to economic resilience, often underutilize formal investment channels despite growing financial access. The research specifically examines the direct effects of financial literacy, financial inclusion, and gender behavior on investment decisions, and tests whether investment experience moderates these relationships. Employing a quantitative explanatory approach, data were collected via surveys from 130 MSME owners/managers and analyzed using PLS-SEM. The findings reveal that financial literacy and investment experience have a significant positive direct impact on investment decisions. Contrary to expectations, financial inclusion and gender behavior showed no significant direct effects. Furthermore, investment experience did not function as a significant moderating variable. The study concludes that for culinary MSMEs in this context, practical knowledge and direct experience are paramount drivers of investment decision quality, overshadowing the role of their access to finance or gender-based behavioral predispositions. These results emphasize the importance of designing MSME support programs that prioritize experiential financial education over generic access expansion. The research contributes to behavioral finance literature by providing a nuanced, context-specific model for MSME investment behavior.
Co-Authors Aditya Wiranatha Ahyani Nhara Akhmad Tirta Yasa Anggara Ardi Nugroho Anis Rachma Utary Anis Rachma Utary Anis Rachma Utary Anis Rachma Utary ANITA KARLINA Ardi Paminto Ariesta Heksarini Asma Rian Sari Asnawati Asnawati Audita, Atika Yasyfa Azzam Fuadudin Dhiyaurrahman Darmalaksana, Dedy Defung, F. Devi Indra Wahyuni Dewi Indayati Diana Lestari Dio Caisar Darma Dirga Lestari Djoko Setyadi DODDY Doddy Adhimursandi Echa HIKMAWATI SUNDARI Eka Damayanti Eka Uhrotun Nisa Emil Salim Exsha Tri Tut Wuri Handayani Felisitas Defung Fithriana, Sulvi Hairunnisa Hairunnisa Hakim, Yundi Permadi Haribowo, Rio Haryanto Haryanto Heksarini, Ariesta Hervian Wahyudi Hidayat, La Rahmad Ichwan Nur Ihsan Ihsan, Ichwan Nur Ike Purnamasari, Ike Indah Fitriani Indra Rukmana Indriani, Henny Iwan Sujarwo Jaafar, Muhammad Sukar Justina Ade Judiarni Karni Sia La Rahmad Hidayat Mar'atus Salikah Marwah Marwah Megawati Megawati Michael Hadjaat Michael Hadjat Mochammad Arif Budiono Muhammad Gunawan Muhammad Herru Hendrawan Muhammad Qodri Muktiyanto, Ali Nensy Parabak NILAM KOROMPOT Noorlisa Noorlisa Nurpaisari Nurpaisari Purba, Pristisani PURWO HERIANTO Putra, Yoga Merdeka Resty Nurwinda Riska Riska Rizky Yudaruddin Rosita Wati ROTUA JUNIATI SITORUS Rusdiah Iskandar Sadaruddin, Nur Santhy Putri Arizandy Sesinoprita Idin Sidiq, Syahrurramadhan Siti Amalia Siti Maria Siti Saudah Suryaningsi Suryaningsi Syarifah Lubna Kautsar A Trimayu Novita Walikram, Abdullah Dzuljalali Wildania, Maulida Wirasmi Wardhani Yana Ulfah Yonathan Pongtuluran ZA, Saida Zainurossalamia Zainal Ilmi Zainal Ilmi Zainal Ilmi