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p-Index From 2021 - 2026
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All Journal Journal of Islamic Economics and Social Science (JIESS) Multifinance
Erik Nugraha
Universitas Sangga Buana YPKP
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

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Discourses of Muslim-Friendly Tourism (Indonesia Empirical Cases) Febrina Mahliza; Lucky Nugroho; Yananto Mihadi Putra; Erik Nugraha; Wiwin Sukiati
Journal of Islamic Economics and Social Science (JIESS) Vol 2, No 1 (2021)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (144.311 KB) | DOI: 10.22441/jiess.2021.v2i1.006

Abstract

The tourism sector in the period before the Covid-19 Pandemic contributed significantly to the country's revenues. In addition, as a country with the largest Muslim population in the world, Indonesia has the potential to develop Muslim-friendly tourism. Furthermore, the Indonesian government plans to make Indonesia the center of the world's Islamic economic and financial ecosystem. Therefore, this conceptual paper aims to know the concepts and services of Muslim-friendly tourism in Indonesia. The methods used using qualitative methods derived from research and scientific articles related to research questions are as follows: (i) i) How is the concept of Muslim-friendly tourism?; (ii) How to tour Muslim-friendly services?. The result of this conceptual paper is the concept of Muslim-friendly tourism and its implementation strategy. The implication of this research is to provide scientific characteristics both for academics and practitioners in tourism
THE EFFECT OF POLITICAL CONNECTIONS ON FINANCIAL PERFORMANCE: AN EMPIRICAL STUDY OF STATE-OWNED ENTERPRISES LISTED ON THE INDONESIAN STOCK EXCHANGE Anggi Putri Kusuma Wardini; Alia Wulan Febrianti; Erik Nugraha; R. Rita Avianty
Multifinance Vol. 3 No. 3 (2026): Multifinance
Publisher : PT. Altin Riset Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61397/mfc.v3i3.520

Abstract

This study examines the influence of political connections on the financial performance of state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange. Political connections are considered an external factor that may provide firms with strategic advantages, such as access to government projects, regulations, and financial support, but may also create governance risks. The research employed a quantitative method with a descriptive-associative approach, using panel data from 15 SOEs over the 2020–2023 period. Data were collected from annual reports and financial statements, while financial performance was measured by Return on Assets (ROA). The results of regression analysis indicate that political connections have a positive and significant effect on financial performance, implying that the presence of politically connected individuals within the board of directors or commissioners enhances efficiency and profitability. These findings confirm the hypothesis that political connections play a strategic role in shaping SOEs’ financial outcomes. The study concludes that while political connections can be an intangible asset, their benefits should be balanced with strong corporate governance to minimize risks of political dependency and conflicts of interest.
Co-Authors Alia Wulan Febrianti Anggi Putri Kusuma Wardini Febrina Mahliza Lucky Nugroho R. Rita Avianty Wiwin Sukiati Yananto Mihadi Putra