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THE DETERMINANTS OF FIRM’S CAPITAL STRUCTURE: EVIDENCE OF SHARIAH AND NON-SHARIAH STOCK COMPANIES IN INDONESIA Nikmah, Choirul; Suhadak, Suhadak; Kertahadi, Kertahadi; Yeh, Hsien- Hung
El Dinar: Jurnal Keuangan dan Perbankan Syariah Vol 3, No 2 (2015): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v3i2.2948

Abstract

AbstractThis research investigates the determinants of capital structure for firms in Indonesia from the perspective of Shariah and non-Shariah stocks. The research was conducted using 222 non financial companies that listing in Indonesia Stock Exchange (IDX) during the period of 2007 to 2012. This study tested using multiple linier regressions with panel data.The results show that firm-specific factors such as profitability and tangibility have significant negative influence on capital structure. There is no direct industry effect on capital structure but the interaction between industry type and Shariah and non-Shariah stocks do affect the determination of capital structure. In addition, the interaction between firm-specific factors and Shariah and non-Shariah stocks affects capital structure of firms in Indonesia.
Problem-Based Learning untuk Peningkatan Prestasi Belajar Mahasiswa: Penelitian Tindakan Kelas Choirul Nikmah; Rizky Dwi Putri
Jurnal Pendidikan Akuntansi (JPAK) Vol 8 No 2 (2020)
Publisher : Program Studi Pendidikan Akuntansi Fakultas Ekonomika dan Bisnis Universitas Negeri Surabaya

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

Abstract

Personal income tax (in income tax chapter 21) is a chapter of taxation that students have great difficulty with due to the many tax rates and mechanisms in calculations. In pretest, more than 50% of students were unable to finish the test on time and the average score was lower than the passing grade. This research aims to examine the use of problem-based learning to increase student activity as well as improve learning outcomes. This research was classroom action research that applied two cycles where each cycle consisted of planning, implementation, observation, and reflection. This research also used observation forms to measure lecturer and student activities and a closed questionnaire to examine student responses. The result showed that there was increased student and lecturer activity from cycle 1 to cycle 2. Furthermore, the average score also increased in cycle 2. Based on the questionnaire, applied PBL in a personal income tax course had the effect of making learning activities fun, increased the ease of understanding of the subject and introduced new experiences that connected the cases with daily life.
Improving company value: the role of human capital, structural capital, capital employed, investment decisions, and manager's attitude to risk Sumiati Sumiati; Risna Wijayanti; Pusvita Yuana; Choirul Nikmah
BISMA (Bisnis dan Manajemen) Vol. 14 No. 2 (2022)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (302.601 KB) | DOI: 10.26740/bisma.v14n2.p110-123

Abstract

Various studies show that companies and organizations have realized that knowledge-based capital is an important company asset. Managing the company's knowledge-based capital is one of the important tasks to encourage companies to compete with other companies. This study aims to identify the knowledge-based capital in human capital, structural capital, and capital employed by companies and its effect on investment decisions that affect company value. Through literature review, this concept also incorporates managers' risk attitude, which is part of ERM (Enterprise Risk Management) to develop the concept of Knowledge-based Risk Management (KBRM). Based on path analysis using AMOS, the result shows direct influence of human capital and capital employed on investment decisions is not significant. Meanwhile, the direct influence is significant. Investment decision does not mediate the relationship between human capital, structural capital, and capital employed on company value. Furthermore, managers' attitude to risk as risk-averse weakens the relationship between investment decisions and company value. Based on that result, companies need to reconsider managers’ behaviour in facing risks so that managers able to take risks when deciding on investments in the future and increase the value of the company.
Pengembangan E-Modul Otomatisasi Tata Kelola Kepegawaian Berbasis Android Pada Materi Semester Gasal Kelas XI OTKP 2 di SMK PGRI 2 Sidoarjo Dyah Retno Ismiarti; Choirul Nikmah
Jurnal Pendidikan Administrasi Perkantoran (JPAP) Vol 9 No 1 (2021): April 2021
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (582.52 KB) | DOI: 10.26740/jpap.v9n1.p28-38

Abstract

Learning resources is one of the needs in the learning process. To ensure the learning process conducted effectively, learning resources must fulfill requirement of curriculum, such as by using technology to get facilities of access and flexibility in learning. This journal aims to develop learning resources, determine the appropriateness of learning resources, and determine student responses through the development of the Governance Staffing Automation Based on Android and Scientific e-module on Class XI OTKP 2 Odd Semester Material at SMK PGRI 2 Sidoarjo. To carry out these developments, a 4-D research model was used with data collection in the form of material expert validation, language expert validation, graphic expert validation and student responses. The results of the study stated that the e-modules developed in the category were very suitable to be used as learning resources in terms of validations result of material feasibility is 96,57%, language feasibility 95,71%, and feasibility of graphic 92,67%. If averaged, the result of product feasibility obtained a percentage of 94,98%. Then, the student response results obtained score of 94,58%.
Pelatihan Pembuatan Modul Berbasis Kurikulum 2013 bagi Guru di Kabupaten Magetan Durinta Puspasari; Durinda Puspasari; Choirul Nikmah; Brillian Rosy
Abimanyu : Jornal of Community Engagement Vol 2 No 1 (2021): February 2021
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (262.656 KB) | DOI: 10.26740/abi.v2i1.8580

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The 2013 curriculum-based teaching materials making training is a means to improve the ability of teachers in making teaching materials that are relevant to the 2013 curriculum. So the teacher does not have a reference in learning. This training was given to vocational teachers in the Office Administration Skills Program in Magetan Regency. The purpose of the activity is 1) giving teachers knowledge about the 2013 curriculum and relevant teaching materials; 2) provide assignments for the preparation of modules based on 2013 Curriculum; 3) provide assistance to teachers to develop modules that are relevant to the 2013 Curriculum. The method of implementing PKM is by way of training and mentoring to teachers.The implementation of PKM consists of stages: 1) the delivery of material related to educational objectives based on the 2013 curriculum, the nature of learning, the understanding of teaching materials, and modules; 2) mentoring the making of curriculum-based learning modules in 2013. Keywords: training, modules, curriculum 2013
Pendampingan Pembuatan Bahan Ajar Berbasis Kurikulum 2013 Bagi Guru Administrasi Perkantoran Nikmah, Choirul; Pahlevi, Triesninda; Puspasari, Durinda; Puspasari, Durinta; Susilowibowo, Joni
Jurnal Pemberdayaan Masyarakat Madani (JPMM) Vol. 2 No. 1 (2018): Jurnal Pemberdayaan Masyarakat Madani (JPMM) (DOAJ Indexed)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (193.784 KB) | DOI: 10.21009/JPMM.002.1.07

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Changing of Curriculum involves change of substance, implementation, and evaluation. Teacher must have better preparation to improve learning quality. Around 73% of school in Jombang, from elementary to high school, had applied curriculum of 2013. However, teacher faces difficulty to prepare teaching material since there are several new subjects that never been taught previously in Vocational High School for office administration department. Besides, there are many books based on curriculum of 2013 are not sold freely. Thus, to solve those problems, teacher training and mentoring to create teaching material based curriculum 2013 needs to be held. It uses training and mentoring method. The training aims to enhance teacher competency to create teaching material, in the form of module, based on curriculum of 2013. The training result is module based on curriculum of 2013.
Can technical Analysis Indicators Predict Future Stock Prices? Evidence from Elliot Wave and Fibonacci Retracement Ardiansyah, Fillah Dwi; Nikmah, Choirul; Irwandy, Muhammad Haziq Bin Azri
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 1 (2025): JIMKES Edisi Januari 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i1.3044

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Investors often find it challenging to track stock price fluctuations, especially when making decisions about buying and selling stocks. This study confirms and validates the Elliott wave scenario in analyzing the patterns of future stock price movements for PT Bank Central Asia Tbk and PT Bank Rakyat Indonesia Tbk. The primary focus is on the effectiveness of technical analysis in measuring medium-term price changes from 2020 to 2025, utilizing the Elliott wave oscillator and Fibonacci retracement tools. The findings indicate that BBCA's stock price in 2025 is likely to undergo a correction pattern, with a potential support area at the 50.00% retracement level of IDR 7,600. Meanwhile, BBRI's stock price movement in 2025 is expected to exhibit a bearish trend, with a support area at the 61.80% retracement level of IDR 3,770. Looking ahead, further research into stock price forecasting techniques would significantly contribute to the existing literature and provide valuable insights for investors and traders in predicting stock price movements.
Strategic Analysis of Change Management in Complex Infrastructure Projects: A Systematic Literature Review Putrawan, I Gusti Ngurah; Sapta, I Ketut Setia; Aristana, I Nengah; Putra, Gede Cahyadi; Chandra, Vony Surya; Nikmah, Choirul
International Journal of Emerging Research and Review Vol. 3 No. 3 (2025): September
Publisher : IKIP Widya Darma Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56707/ijoerar.v3i3.139

Abstract

Objective: This study systematically reviews strategic change management in complex infrastructure projects involving multiple stakeholders, advanced technologies, and multidimensional risks. Method: Using a Systematic Literature Review (SLR) approach on scientific articles published between 2019 and 2024, this research identifies adaptive strategies applied to address change challenges, including the integration of digital technologies (BIM, IoT, AI), transformational and participative leadership approaches. Results: Findings indicate that digitalisation and sustainability have become the main pillars of modern infrastructure project management, while social aspects such as organisational justice and social procurement are increasingly prioritised. Furthermore, managing project complexity requires a multidisciplinary approach that integrates advanced technologies, adaptive organisational capabilities, and collaborative leadership to minimise resistance to change. Novelty: This study contributes novelty by mapping the literature trends on change management strategies in complex infrastructure projects and offering practical implications for project managers and policymakers in formulating effective and sustainable change strategies in the era of digital transformation and global uncertainty.
The Influence of Religion-Based Social Entrepreneurship on Poverty Alleviation Nikmah, Choirul; Nugraha, Jaka; Hung, Rern-Jay
Jurnal Pendidikan Ekonomi Vol 18, No 1: March 2025
Publisher : Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/UM014v18i1p098

Abstract

Social entrepreneurship is an idea of social change based on an entrepreneurial approach. The phenomenon of social entrepreneurship has proliferated along with efforts to resolve various social problems, such as economic improvement and poverty alleviation. This present study aims to describe the role of social entrepreneurship in the context of building a community economy that has an impact on poverty alleviation that focuses on social business. The social business entity that is the case study is the Nurul Hayat Foundation. Qualitative analysis is used in this study. From this research, social entrepreneurship plays a real and important role in solving social problems. Social value creation and innovation are the main instruments in social entrepreneurship. In addition, the Nurul Hayat Foundation has played a role in encouraging community economic improvement to alleviate poverty. This study indicates that social objectives with the impact of community empowerment become important values in the practice of social entrepreneurship. Keywords: Social entrepreneurship, poverty alleviation, social business