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All Journal Inovasi: Jurnal Ilmiah Ilmu Manajemen Journal of Multidisciplinary Science: MIKAILALSYS
Siti Asih
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Agriculture, Biological Sciences & Forestry Chemical Engineering, Chemistry & Bioengineering Decision Sciences, Operations Research & Management Environmental Science Physics Social Sciences Other

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ANALYSIS OF DIVIDEND POLICY THROUGH THE DETERMINANTS OF MANAGERIAL OWNERSHIP Siti Asih
Inovasi Vol 8, No 2 (2021): Inovasi: Jurnal Ilmiah Ilmu Manajemen
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/Inovasi.v8i2.p102-108.17459

Abstract

One of the factors that attracts investors is dividend policy. A good profit-sharing system reflects the strength of the business and a solid management system, allowing investment to come in. However, in its implementation, dividend policy is strongly influenced by the ownership structure and internal conditions of the company. Therefore, this study aims to analyze which factors have a high probability of dividend policy decisions in companies that are members of LQ-45. Fundamentally, this research is included in the quantitative category with regression analysis techniques. A total of 45 companies were selected selectively using judgment techniques. The findings from the analysis confirm that the profitability factor regressively has the best and most positive relationship. That is, dividend policy is very dependent on how much profit is earned. Meanwhile, the EVA and Cash Turnover factors proved quantitatively not to be a strong consideration factor in making and making dividend policy decisions. Likewise with managerial ownership, that companies incorporated in LQ-45 shares tend to be professional in determining dividend policy, so that the managerial structure aspect does not affect dividend policy. However, simultaneously all factors have a positive possibility in influencing dividend policy. This means that the existence of cash turnover, EPS, management ownership structure and EVA together contributes to the determination of dividend policy, but is not based on a partial perspective.Keywords: Management Ownership Structure, EPS, Cash Turnover, EVA, Dividend Policy
Islamic Civilization in the Nusantara during Indonesia’s Old Order: Historical Developments and Educational Transformations A. Faiq Najmil H; Selina Nur Agustin; Siti Asih
Journal of Multidisciplinary Science: MIKAILALSYS Vol 4 No 2 (2026): Journal of Multidisciplinary Science: MIKAILALSYS
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/mikailalsys.v4i2.10289

Abstract

This historical-documentary study examines Islamic education policy and its societal impacts in the Indonesian archipelago during the Old Order period (1945–1966). It aims to analyze how the newly independent Indonesian state institutionalized religious education through the establishment of the Ministry of Religious Affairs, legal recognition of madrasahs, and the development of teacher and judge training programs, including PGA and PHIN. Using qualitative library research, the study drew on primary government documents, legal texts, archival records, and secondary literature, which were analyzed through thematic classification and historical interpretation. The findings reveal persistent tensions between nationalist state-building, reflected in Pancasila-oriented pluralism and Indonesian socialism, and Islamic communities seeking to preserve and modernize pesantren and madrasah traditions. Old Order policies expanded formal access to Islamic education, as shown by the growth of madrasahs and curriculum reforms integrating general and religious subjects. However, implementation remained uneven because of limited funding, political suspicion toward Islamic movements, and divergent visions among state actors, religious scholars, and community organizations. The study further shows that Islamic educational institutions were both preserved and reshaped as they entered the state system, producing important human-capital and cultural contributions while leaving persistent gaps in equity, quality assurance, and curricular harmonization. The study concludes that Islamic education policy during the Old Order played a formative role in defining the relationship between religion, education, and national development in Indonesia. Its implications emphasize the need for policy approaches that respect traditional pedagogies, ensure sustainable funding, and align curricula without eroding the communal and religious functions of Islamic education.
Co-Authors A. Faiq Najmil H Selina Nur Agustin