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ANALISIS PENGARUH GOOD CORPORATE GOVERNANCE (GCG) TERHADAP FINANCIAL DISTRESS DENGAN FINANCIAL PERFOMANCE SEBAGAI VARIABEL MODERASI (Studi Empiris Perusahaan Manufaktur Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022) Dewi, Putri Ayu Nuraini; Rosyadi, Imron
JURNAL ILMIAH EDUNOMIKA Vol. 8 No. 3 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i3.14453

Abstract

This research investigates the impact of Good Corporate Governance (GCG) practices on Financial Distress, with Financial Performance serving as a moderating factor. The study focuses on manufacturing enterprises within the food and beverage sub-sector during the period of 2020 to 2022. Employing a quantitative approach, the researchers gathered secondary data from the Indonesia Stock Exchange (IDX). The sample selection process utilized purposive sampling techniques, resulting in a final sample of 12 companies, yielding a total of 36 data points for analysis. To examine the relationships between variables, the researchers employed Panel Data Regression analysis and Moderated Regression Analysis (MRA). The findings reveal that Good Corporate Governance does not exert a significant influence on financial distress. However, when considering leverage as a moderating variable, it demonstrates the ability to moderate the relationships between institutional ownership, board of directors' composition, and board of commissioners' structure in relation to financial distress. Interestingly, leverage fails to moderate the associations between managerial ownership and audit committee characteristics with financial distress. Keywords: Good Coorporate Governance, Financial Distress, Financial Perfomance, Leverage
Addressing Digital Content Fraud and Ethical Monetization: from the DSN-MUI Perspective Mubarok, Jaih; Rahmat; Rosyadi, Imron; Yayuli; Elvri, Rini
Indonesian Journal of Islamic Economic Law Vol. 3 No. 1 (2026): Indonesian Journal of Islamic Economic Law
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/ijoel.v3i1.13523

Abstract

This study aims to reinterpret the methodology of the Indonesian Ulema Council's National Sharia Board (DSN-MUI) Fatwa No. 62/2007 on Ju'alah and Fatwa No. 116/2017 on Sharia Electronic Money in the context of the modern digital economy, particularly in dealing with the phenomenon of content fraud on monetisation platforms such as TikTok. Using a qualitative approach, this study employe Islamic legal analysisto assess how the Ju'alah contract can shift from a normative-individual interpretation to a socio-structural understanding. The results of the study show that the reinterpretation of the two fatwas expands the function of the Ju'alah contract into a digital ethical and legal framework that emphasises justice, trust, transparency, and collective responsibility between creators, platforms, and regulators. The integration of Sharia principles with modern technologies such as blockchain, traceability systems, AI transparency, and homomorphic encryption enables the creation of an accountable digital monetisation system that is free from elements of gharar, tadlīs, and maysir. This study also confirms that the implementation of maqāṣid al-syarī‘ah values can form the basis for the establishment of a fair and sustainable digital economic governance system. However, this research is still conceptual and requires further empirical validation through algorithmic audits and the development of Sharia smart contracts. The results of this study are expected to be an important contribution to the development of a digital Islamic economic paradigm that is adaptive to technology, while remaining based on the principles of justice and public benefit.
Pengaruh Struktur Modal dan Biaya Operasional Terhadap Tingkat Pertumbuhan Dengan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Oktavia, Reza Putri; Rosyadi, Imron
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 6 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9890

Abstract

Riset ini mengeksplorasi dinamika pengaruh capital structure dan operational cost terhadap laju pertumbuhan korporasi manufaktur subsektor food & beverage yang terdaftar di BEI, dengan profitability berperan sebagai moderator. Sampel terdiri dari 42 entitas yang diseleksi secara purposive, sedangkan data bersumber dari laporan keuangan tahunan 2024. Analisis dilakukan via SPSS, mencakup deskriptif statistik, classical assumption tests, dan Moderated Regression Analysis (MRA). Temuan mengindikasikan bahwa capital structure memiliki efek signifikan namun bersifat negative menandakan leverage tinggi cenderung mengekang ekspansi perusahaan. Sementara itu, operational cost menunjukkan pengaruh signifikan positif, menyiratkan bahwa manajemen biaya yang efisien berkontribusi pada peningkatan aktivitas korporasi. Profitability tidak berperan signifikan sebagai moderator dan tampak meredam dampak capital structure maupun operational cost terhadap pertumbuhan. Implikasi riset ini menyarankan investor mempertimbangkan konfigurasi modal, efisiensi biaya, dan profitabilitas sebagai sinyal potensial pertumbuhan perusahaan.
Profil Darah dan Gambaran Makroskopis Kesembuhan Luka Tikus Wistar (Rattus norvegicus) Infeksi Staphylococcus aureus yang Diberi Ekstrak Bawang Merah (Allium cepa L.) Rosyadi, Imron; Alhidayany, Desriza; S, Christin Marganingsih
Jurnal Sain Veteriner Vol 43, No 3 (2025): Desember
Publisher : Faculty of Veterinary Medicine, Universitas Gadjah Mada bekerjasama dengan PB PDHI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jsv.44891

Abstract

Wound is one of the most common cases happened frequently. Infected wound by pathogenic microorganism could inhibit wound healing process. The microorganism that often infect the wound is Staphylococcus aureus. Shallot had believed as one of traditional medicine that believes as an alternative therapy for wound healing. This study aimed to determine the blood profile and macroscopic images of wound healing in Wistar rats (Rattus norvegicus) infected by Staphylococcus aureus and given shallot extract (Allium cepa L.). This study used 12 rats, aged about 2 months and weighed 180-250 gram is divided into 4 groups, each group consist of 3 rats. Rats were injured by incision wound at 1 cm length and ± 2 mm depth, then infected by Staphylococcus aureus bacteria. Group I and II were droped of shallot extract 40% and 80%, while Group III was droped by povidon iodine 10%, and Group IV was given nothing (control group) until the wound healed. Research observation was did at day-0, 7, 14, and 21. The length of wound was measured in centimeter evere week and blood sampling were done at day-0 and day-21. The observational data of wound length were analysis using Friedman, Wilcoxon, dan Mann-Whitney. The result of research showed the wound length average on day-7 in Group I: 0,733 cm; Group II: 0,433 cm; Group III: 0,567 cm; and Group IV: 0,767 cm (p<0,05). The wound length average on day-14 in Group I: 0,433 cm and Group IV: 0,333 cm (p>0,05), Group II and III were healed (p>0,05). In day-21 all wound were completely healed. The rats blood profile on day-0 and day-21 showed that erythrocytes total count, hemoglobin (Hb), and packed cell volume (PCV) were in normal range. Rats were in health condition. Thus it could be concluded that the time need for the wounds to heal in rats that were treated with shallot extract 80%  is equal to rats were treated with povidon iodine 10% on the 14th day of the study while rats that were treated with shallot extract 40%  is equal to rats was given nothing on the 21st day of the study. Shallot extract 80% can treat wound that infected by Staphylococcus aureus is equal to povidon iodine 10% treatment.
Pengaruh Ekstrak Bawang Merah (Allium cepa L.) terhadap Gambaran Leukosit Tikus Wistar yang Diinfeksi Staphylococcus aureus Munawaroh, Muhammad; Angkasa, Winoto; Santosa, Christin Marganingsih; Kholik, Kholik; Rosyadi, Imron
Jurnal Sain Veteriner Vol 43, No 3 (2025): Desember
Publisher : Faculty of Veterinary Medicine, Universitas Gadjah Mada bekerjasama dengan PB PDHI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jsv.44892

Abstract

Shallot (Allium cepa L) has been used emperically to treat wounds, bloat, common cold and is known to boost immunity. Shallots have a variety of useful compounds such as flavonoids, antioxidants, quercetin, saponins and many other compounds. These compounds have been known to have antibacterials, antihistamines, and immunomodulators activities. This study aimed to examine the  potential of shallot extract in wounded rats that are infected with Staphylococcus aureus.Fifteen female Wistar rat were divided into 5 treatment groups: 40% shallot extract, 80% shallot extract, 10% povidone iodine, positive control and negative control. The rats were wounded by making an incision on the back then the shallot extract was administered topically once a day for 21 days. Blood samples were taken on days 0 and 21 then the total number of leukocytes and its differentials     (neutrophils, lymphocytes, monocytes, eosinophils and basophils) were calculated. The data were then processed using one-way ANOVA test with 95% significance value.The result showed a significant increase (p<0,05) on the total number of leukocyte (10,37 ± 1,09 103/µl), neutrophils (4,98 ± 0,30 103/µl), lymphocytes  (8,76 ± 0,04 103/µl) and monocytes (0,74 ± 0,02 103/µl) on the group treated with 40% shallot extract. While on the group treated with 80% shallot extract there was a significant increase (p<0,005) on the total number of leukocytes (10,40 ± 0,43 103/µl), lymphocytes (7,67 ± 0,19 103/µl), and monocytes (0,64 ± 0,01 103/µl). This study concluded that shallot extract is able to improve the immune system.
The effect of financial inclusion on poverty rate in Sumatra Island Rosyadi, Imron; Gunarto, Toto; Yuliawan, Deddy
Global Academy of Business Studies Vol. 2 No. 1 (2025): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/gabs.v2i1.3585

Abstract

Purpose: This study examines the effects of financial inclusion and inflation on poverty reduction across ten provinces on the island of Sumatra, Indonesia, from 2017 to 2023. Despite Indonesia’s significant economic progress in recent decades, poverty and inequality remain persistent challenges, particularly in Sumatra, where disparities in access to resources and opportunities continue to exist. Research Methodology: A quantitative approach was employed using panel data from ten provinces in Sumatra. Regression analysis was conducted to evaluate the relationship between the Financial Inclusion Index (IKK), inflation, and poverty rate. Results: The findings reveal that the Financial Inclusion Index (IKK) has a significant negative effect on poverty, indicating that increased access to financial services helps reduce poverty levels. Inflation also shows a significant negative effect, suggesting that controlled inflation within a stable range may strengthen household purchasing power and mitigate poverty. Conclusions: Enhanced financial inclusion effectively reduces poverty by facilitating access to credit, savings, and other financial services that empower local communities. Stable inflation management contributes to a predictable economic environment conducive to poverty alleviation. Limitations: This study is limited to Sumatra and excludes other socioeconomic factors such as education, employment, and government assistance programs that may influence poverty levels. Contribution: The study provides empirical evidence of the regional effects of financial inclusion and inflation on poverty, emphasizing the importance of localized economic policy and consistent monitoring to achieve inclusive and sustainable growth.
Tinjauan Sistematis Tentang Integrasi Keuangan Digital dalam Pasar Keuangan Syariah: Risiko dan Tantangan Dzil Jalal, A M Fadli; Rosyadi, Imron; Syamsul Hidayat
Jurnal Ilmiah Ekonomi Islam Vol. 11 No. 05 (2025): JIEI : Vol. 11, No. 05, 2025
Publisher : ITB AAS INDONESIA Surakarta

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

Abstract

This study aims to identify and analyze the challenges and risks faced in the integration of digital finance in the Islamic financial market. The phenomena studied focus on regulatory uncertainty, limited digital infrastructure, and the difficulty of ensuring sharia compliance in the development of Islamic fintech products. The research approach used is the Systematic Literature Review (SLR) by following the PRISMA protocol to ensure the accuracy of literature selection. Data were collected from the Scopus and Web of Science databases, with publication criteria in the last eight years (2017–2025). A total of 23 selected articles were analyzed using thematic and narrative techniques. The results of the study indicate that the main challenges in the development of Islamic digital finance include regulatory asynchronous, limited public literacy, digital infrastructure gaps, and limited DPS (Sharia Supervisory Board) competence in technology supervision. The identified risks include the risk of sharia non-compliance, the risk of losing market trust, data security risks, and the risk of innovation stagnation due to delays in technology adaptation.
Pengaruh ESG Disclosure Terhadap Kinerja Keuangan Dengan Profitabilitas Sebagai Variabel Mediasi (Studi Pada Perusahaan Manufaktur Sub-Sektor Consumer Non-Cyclical Yang Terdaftar Di BEI) Kusumastuti, Arifah Dewi; Rosyadi, Imron
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 6 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9718

Abstract

Perhatian global terhadap isu keberlanjutan meliputi krisis iklim, degradasi lingkungan, aspek sosial, serta transparansi tata kelola mendorong dunia bisnis untuk mengintegrasikan praktik Environmental, Social, and Governance (ESG) dalam pengelolaan perusahaan. Tujuan dari studi ini mengevaluasi bagaimana pengungkapan ESG memengaruhi kinerja keuangan perusahaan, sekaligus menelaah peran profitabilitas sebagai variabel perantara dalam hubungan tersebut. Studi ini dilaksanakan secara kuantitatif dengan sumber data berupa informasi sekunder perusahaan manufaktur pada subsektor consumer non-cyclical yang terdaftar di Bursa Efek Indonesia selama periode 2021–2024. Metode analisis yang diterapkan dengan regresi data panel menggunakan model Common Effect (CEM), serta pengujian mediasi menggunakan Sobel Test untuk memastikan adanya efek tidak langsung. Hasil empiris menunjukkan bahwa pengungkapan ESG memberikan pengaruh positif terhadap profitabilitas, namun justru berdampak negatif terhadap kinerja keuangan secara langsung. Profitabilitas ditemukan memiliki efek positif signifikan terhadap kinerja keuangan sekaligus berfungsi sebagai mediator dalam hubungan antara ESG Disclosure dan kinerja keuangan. Temuan ini mengindikasikan bahwa implementasi ESG berpotensi meningkatkan profitabilitas perusahaan, tetapi belum mendapat apresiasi optimal dari pasar dalam jangka pendek. Investor masih cenderung mengandalkan profitabilitas sebagai faktor utama dalam menentukan valuasi perusahaan.
Disharmony of Zakat Profession Nisab in Regional Zakat Management Organizations: Regulatory Impact Analysis (RIA) Based on the Minister of Religious Affairs Regulation of the Republic of Indonesia Number 31 of 2019 Budiarto, Muhamad Agung; Rosyadi, Imron
Proceeding ISETH (International Summit on Science, Technology, and Humanity) 2025: Proceeding ISETH (International Summit on Science, Technology, and Humanity)
Publisher : Universitas Muhammadiyah Surakarta

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

Abstract

Purpose: This study examines the inconsistency in the application of zakat profession nisab in regional zakat institutions, particularly those using the silver nisab for zakat obligations, contrasting with the gold nisab in the Minister of Religious Affairs Regulation of the Republic of Indonesia Number 31 of 2019 on Zakat Management. This practice has led to significant differences in administrati ve effectiveness and compliance with Islamic legal principles. The purpose is to analyze the impact of using the silver nisab on legal legitimacy, social justice, and regulatory compliance in zakat institutions. Methodology: This study uses a qualitative descriptive approach through in-depth interviews, institutional policy observation, and regulatory impact analysis (RIA) of PMA No. 31 of 2019. The study analyzes the effects of the silver nisab in zakat instituti ons, focusing on legal and social implications, and how it influences zakat collection and compliance with Islamic law and state regulations. Results: The results indicate that the silver nisab policy expanded the zakat base and increased zakat collection, but reduced compliance with both Islamic law and state regulations. This finding highlights the need for policy adjustments to ensure zakat institutions remain compliant with both sharia and national legal frameworks. Applications/Originality/Value: The study provides valuable insights into the effects of nisabpolicies on zakat collection and compliance. It highlights the need for coordinated policy efforts to balance zakat collection effectiveness with adherence to sharia principles. This research contributes to the understanding of zakat management in Indonesia and offers recommendations for improving zakat compliance.
REVITALISASI PEMBELAJARAN BAHASA ARAB DALAM PENDIDIKAN ISLAM INDONESIA Rosyadi, Imron; Fata, Badrus Samsul
AL Fikrah: Jurnal Pemikiran dan Pendidikan Islam Vol 5 No 2 (2025): alfikrah
Publisher : Institut Binamadani Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51476/alfikrah.v5i2.816

Abstract

Penelitian ini mengkaji secara kritis problematika pembelajaran bahasa Arab dalam pendidikan Islam di Indonesia dan menawarkan strategi revitalisasi yang transformatif. Meskipun bahasa Arab memiliki posisi teologis sebagai bahasa wahyu, implementasi pembelajarannya di madrasah masih menghadapi tantangan dalam hal penguasaan fungsional siswa. Studi ini mengidentifikasi empat isu utama: kesenjangan imersi antara pesantren dan madrasah, fosilisasi kesalahan linguistik, siklus demotivasi struktural, serta ketidaksesuaian kurikulum dan evaluasi. Untuk mengatasinya, direkomendasikan pergeseran paradigma menuju pendekatan komunikatif yang bermakna, integrasi teknologi sebagai lingkungan imersif virtual, dan penerapan model Content and Language Integrated Learning (CLIL). Strategi ini didukung oleh pendekatan triangulasi sinergis antara kebijakan pusat, inovasi kelembagaan, dan kolaborasi lintas jaringan. Dengan demikian, pembelajaran bahasa Arab berpotensi menjadi sarana pembangunan intelektual sekaligus instrumen diplomasi budaya dan ekonomi syariah Indonesia secara global. Kata Kunci: Bahasa Arab, Pendekatan Komunikatif, CLIL.
Co-Authors . Haryadi . Kholik ., Rafiqurahman A.S, Putra Wisnu Abdul Aziz Abdul Rahman Siregar, Abdul Rahman Achmad Soeharto Ade Irman, Ade Agung Mubyarto Agung Sudrajad Agustianto, Bima Ahmad Sarbini, Ahmad Ahyani, Fatchan Alhidayany, Desriza Amri , Amri Ana Maulana, Ana Andi Hasad Andika Aprilianto Anggun, Nita Putri Angkasa, Winoto Apristiani, Afita Argamjav, Bayanzul Arief Wisnu Wardhana Ariesmunandar, Ariesmunandar Arif Octa Arisandi Arifin, Mohamad Zaenal Asep Kusnadi, Asep Asia, Siti Nur Aulia . Azhar Alam Azis Wisnu Widhi Nugraha Badri, Muhammad Arifin Badruddin ., Badruddin Badrus Samsul Fata Bisri, Abdul Mukti Budiarto, Muhamad Agung Cahaya, Renata Cahyaningtias, Cindy Eka Christin Marganingsih Santosa Damayanti, Nurliaeka Dani Hermawan Daru Tri Nugroho Deni Iskandar Desi Susilawati, Desi Dewi, Putri Ayu Nuraini Dhimas Satria Dwi Tantya, Ega Aulia Dwinanto Dwinanto Dzil Jalal, A M Fadli Eko Sugiarto Elesee, Vice Elvri, Rini Erma Rusdiana Erny Listijorini Estetika, Rio Fachry Abda El Rahman Fahruddin Ali Sabri Faiza, Nurul Falasifah Ani Yuniarti, Falasifah Ani Fasya, M Haykal Fasya, M. Haykal Fitria, Mawaddatul Fitriani, Mustika Fuad, Helmy Ziaul Gunarto, Toto Hadi Wahyudi Hamzah, Muhammad Ammar Hania Sumarni Haryadi - Hasan, Mohammad Abdul Kholiq Hazlia, Alya Zahwa Ayu Indriani, Heni Ipick Setiawan Isman Isman Jaih Mubarok Joko Prastowo Julia, Inggrit Karisma, Dwi Pratika Karmanah, Karmanah Khaerani, Kirana Khairat, Imalatul Khazin, A. Mufti KHOERULLATIF, FAHMI Kosim . Kusbaryanto Kusumastuti, Arifah Dewi Lestari, Nanda Wilda Linda Astuti, Linda Lukmanul Hakim Ma’arif, Wildan Mufti Mohamad Anas Mohammad Isfironi Mubarok, M. Malik Muh Nur Rochim Maksum Muhammad Husnur Rofiq Muhammad Taufik Hidayat, Muhammad Mukhammad Nur Hadi Munawaroh, Muhammad Muthoifin Na:am, Muh Fakhrihun Nathania, Maurizza Ni Ketut Caturwati, Ni Ketut Ningsih, Erlin Indaya Nor Wijaya, Rendra Novita Sari, Lia Novitasari, Mistati Nugroho, Bramantyo Suryo Nugroho, Fajar Surya Tri Nugroho, Wisnu Adji Oktavia, Reza Putri Oktavian, Hanafi Ryo Oktridarti, Levy Pahmiyatul Ilmi, Diki Paningal, Badarbendu Parwito Parwito, Parwito Prastiwi, Zuli Pratama, Novreza Purnomo, Widhiatmoko Herry Purwanto, Burhan Eko Qolbi, Fikri ‘Ainul Rahmat Rahmawati, Zulfah Rais Sayyaf, Chaidhir Ratna Nugraheni, Yudhi Ridlwan Kamaluddin Rina Lusiani Rina Susanti Rizka Robbani, Muhammad Robbani Ridho Romdhon, Taufik Pathu romi wiryadinata Rozikin, Opik Rudiyanto, Mohammad S, Christin Marganingsih Sa'diyah, Siti Sami'an, Sami'an Saputra, Ehsan Tri Sargo, Sugiarto Setyawati, Almasah Farah Diah Setyowat, Eni shinta, Seftya dwi Shofi, Muhammad Aminuddin Sholihah, Mar'ati Sinatra, Ryan Dede Siti Asiah Soedarmanto Indarjulianto Sridadi, Tri Witjaksono Suhendar, Megayana Indritia Sulistianingsih, Erlisa Suliyanto, Eko Suliyono Suliyono, Suliyono Sulthon, M Sunardi Sunardi Sururi Susanto, Prio Sutrisna, Marlin Syamsul Fatoni Syamsul Hidayat Taftazani, Alhilal Hilbram Tika, Yori Manis Tri Mulyono Triesa, Sevira Ananda Umair, Kuswoyo Abu Vefiadytria, Eza Agfonicha Wahyudi, Hadi Warnadhani, Etmin Widastuti, Atry Tresya Winasis Winasis Winny Perwithosuci Yanuartono Yayuli Yoyo Hambali Yuliawan, Deddy Zaimuddin, Ashlaha Baladina Zulfian, Moch Rifqi Putra