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Journal : Majapahit Journal of Islamic Finance and Management

The Effect of Idealism, Relativism, Love of Money, and Academic Experience on Ethical Perception of Accounting Students (Case Study on Accounting Students of Muhammadiyah University of Surakarta) Diva Nanda Ayuk Agustina; Triyono
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i1.368

Abstract

This study investigates the influence of Idealism, Relativism, Love of Money, and Academic Experience on the Ethical Perception of accounting students at Universitas Muhammadiyah Surakarta. Drawing on Forsyth’s Ethics Position Theory, Idealism reflects a belief in universal moral principles, while Relativism denotes ethical flexibility based on context; Love of Money represents a value orientation that may conflict with ethical behavior. Using a quantitative approach, data were collected via online questionnaires from 945 undergraduate accounting students through convenience sampling. Variables were measured using established instruments such as the Ethics Position Questionnaire (EPQ) and the Love of Money scale. Multiple linear regression was applied after verifying assumptions of normality, multicollinearity, and homoscedasticity. Results indicate that Idealism and Academic Experience significantly enhance ethical perception, suggesting that students with strong moral ideals and greater academic exposure are more ethically aware. Conversely, Relativism and Love of Money showed no significant effect, potentially due to cultural or educational factors that prioritize integrity over personal values. These findings highlight the importance of moral conviction and structured academic learning in fostering ethical development, while pointing to the limited influence of relativistic thinking and financial motivation in this context.
The Effect of Liquidity, Leverage, Cash Flow, Earning Growth, Firm Size, and Risk on Financial Health Ike Prety Shinta; Triyono
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i1.369

Abstract

A company's financial health is vital for sustaining its operations, especially in the face of economic uncertainty and sector-specific challenges. This study seeks to address a critical research gap by examining the determinants of financial health specifically in manufacturing companies within the basic and industrial sectors listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period a time marked by post-pandemic recovery and disruptions in global supply chains. The study employs the Altman Z-score model, traditionally used for bankruptcy prediction, as a comprehensive indicator of financial health due to its ability to synthesize multiple financial dimensions. To investigate the influence of liquidity, leverage, cash flow, earning growth, firm size, and financial risk on financial health, multiple linear regression analysis is conducted. These independent variables are operationalized as follows: liquidity is measured by the current ratio, leverage by the debt-to-equity ratio, cash flow by net operating cash flow, earning growth by year-over-year changes in net income, firm size by the natural logarithm of total assets, and financial risk by the variability of earnings. Data were obtained through purposive sampling based on the availability of complete financial reports during the observation period, resulting in a sample of manufacturing firms that met the inclusion criteria. The results indicate that liquidity, cash flow, and financial risk significantly affect financial health, whereas leverage, earnings growth, and firm size do not demonstrate a meaningful impact.
Co-Authors Achmad Lutfi Fuadi Adi Tri Tyaasmadi Ady Mara, Ady Agus Suyanto Aini, Sania Qurrotu Akbar, Andi Muh. Fadlullah Aminuyati Andy Dwi Bayu Bawono Ardian Rossi Hendriyanto Arif Setyo Nugroho Arina Hidayati Arri Handayani Ata, Sonata Sukama Wijaya Aulia, A Ayu Sanjaya, Yulia Putri Bambang Kusharjanta Bambang Margono Bambang Setiaji Bambang Setiaji Budiyansah, Amsal Cahyani, Rizkha Gita Catur Setyawan K Catur Setyawan Kusumohadi Catur SK Chamim, Moch. Dewanti, Adinda Pramesdya Rasita Dharma Priatmaja, Ade Dika, Aisyah Dika Mastura Dini Rahmawati Dini Rakhmawati Diva Nanda Ayuk Agustina Dody Ariawan Donatus Setyawan Purwo Handoko Dwi Fitriyanto Dynanda Eliza Nadia Loka Eko Surojo Endang Widati Fatchan Achyani Fatmawati, Dyah Ayu Faturahman, Adam Fifi Aswita Mandala Sari Fitria, Anissa Fransisca Maria F Fransisca Maria Farida Harminto, Yopi Haryo Satriya Oktaviano Heppy Purbasari Hidayat, Erjuyn Yayan Himawan Hadi Sutrisno Himawan HS I D. K. Anom I. D. K. Anom Ike Prety Shinta Ikhlilla Ayu Alfida Imam Basori Indriana Kartini Izzah Nur Aida Zur Raffar Jafar Amiruddin Ja’far Amiruddin Karna Wijaya Kuncoro Diharjo Lamin Khaira M. Naufal W. Marlina, Eva Maulidiawati Meytij Jeanne Rampe Mori Dianto, Mori Muhammad Rizqi Darmawan Mustofa, Siti Solekah Nabila Putri Dwi Septiani Noer Sasongko Nugroho Heri Cahyono Nur Rahmawati Nurul Muhayat Oberlin Sidjabat Pratomo S Pratomo Setyadi Purwandari, Wd. Vitha Purwo Handoko, Donatus Setyawan Purwo Haryono Radjali Amin Ramdhani, Destania Ayu Rangga Handika Rasiman Rizki Indah Lestari Rodiansono Sabaruddin Sandy Prasetyo Soeharsono SRI RAHAYU Sri Suwartini, Sri sugiyamin Sugiyamin Sukmaji Indro Cahyono, Sukmaji Indro Suryo Purwono Tasari Teguh Triyono Tukiyo Uswatul Chasanah, Uswatul Wahyu Purwo Raharjo Wega Trisunaryanti Wega Trisunaryanti Wijang Wisnu Raharjo Wijaya, Surta