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                        Analisis Pengaruh Intellectual Capital Terhadap Financial Performance dengan Competitive Advantage Sebagai Variabel Intervening 
                    
                    Muzakar Isa; 
Della Ariska Deviana                    
                     Benefit: Jurnal Manajemen dan Bisnis Volume 3 No 2 Desember 2018 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v3i1.6653                            
                                            
                    
                        
                            
                            
                                
Abstract : The purpose of this research are to analyze: (1) influence of intellectual capital to the competitive advantage; (2) influence of intellectual capital to the financial performance; (3) the mediating effect of competitive advantage in the relationship between intellectual capital and financial performance. The technique of the sample collection was purposive sampling and based on the determined criteria, so 21 companies which have met the criteria have been selected as samples. This research was casual comparative. The analysis used in this study includes classical assumption test, liniar regression analysis and path analysis. The result of this research show that: (1) Intellectual Capital has a significant and positive effect on Competitve Advantage; (2) Intellectual Capital significantly and positively influence on Financial Performance; (3) Competitive Advantage variabel is mediated Intellectual Capital to the Financial Performance. Keyword: Intellectual Capital, Financial Performance, Competitive AdvantageAbstraksi : Penelitian ini bertujuan untuk menganalisis: (1) pengaruh intellectual capital terhadap competitive advantage; (2) pengaruh intellectual capital terhadap financial performance; (3) pengaruh mediasi hubungan antara intellectual capital dan financial performance. Teknik pengambilan sampel adalah purposive sampling dan berdasarkan kriteria yang ditentukan, sehingga diperoleh 21 perusahaan yang memenuhi kriteria. Penelitian ini termasuk kausal komparatif. Analisis yang digunakan dalam penelitian ini meliputi uji asumsi klasik, analisis regresi linier dan analisis jalur. Hasil penelitian ini menunjukkan bahwa: (1) Intellectual Capital mempunyai pengaruh positif dan signifikan terhadap Competitive Advantage; (2) Intellectual Capital mempunyai pengaruh positif dan signifikan terhadap financial performance; (3) Competitive Advantage memediasi Intellectual Capital terhadap Financial Performance. Abstract
                            
                         
                     
                 
                
                            
                    
                        MANAJEMEN RISIKO BISNIS UMKM DI KOTA SURAKARTA 
                    
                    M. Farid Wajdi; 
Anton Agus Setyawan; 
Syamsudin Syamsudin; 
Muzakar Isa                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 16 No 2 Desember 2012 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v16i2.1359                            
                                            
                    
                        
                            
                            
                                
The purpose of this study is to analyze the business risks that arise from a disaster thatbegins with SMEs understanding of business risk from disasters in Surakarta. Furthermore, is toanalyzed risk perception the in Surakarta SMEs, which most likely can happen and the impact ontheir businesses. In addition, this study also identifies the problems and opportunities of riskmanagement in SMEs at Surakarta. The population of this study was SMEs entrepreneurs inSurakarta. Data collection was done by two methods: survey and in-depth interviews. Descriptivestatistical methods were used in this study were the frequency and value of cross-tab analysis toclassify data. Research results indicate that (1) presence Indonesian SMEs in general and inSurakarta in particular is essential for economic growth. (2) The management of SMEs can not beseparated on the threat of business risks that may arise from time to time. (3) Risk management is not only a SMEs responsibility solely, but also the responsibility of the Government and relevant institutions risk management business (Banking and Insurance). (4)The impact of the disaster,which is one business risk for SMEs can be transferred to the insurance as an institution that can help guarantee against losses caused by the disaster.
                            
                         
                     
                 
                
                            
                    
                        ANALISIS KOMPETENSI KEWIRAUSAHAAN, ORIENTASI KEWIRAUSAHAAN, DAN KINERJA INDUSTRI MEBEL 
                    
                    Muzakar ISA                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 15 No 2 Desember 2011 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v15i2.1350                            
                                            
                    
                        
                            
                            
                                
The study aims to analyze the influence of competency aspects of entrepreneurship, entrepreneurial orientation on the performance of the furniture industry in Klaten, and analyze the impact of entrepreneurship on performance orientation furniture industry in Klaten. The data used are the primary data, taken in cross section through direct interviews with the owners of the furniture business by using a list of questions. The Sample is 182 funiture businesses or 10% of the population. Testing the validity of using Confirmatory Factor Analysis analyzes (CFA), and reliability testing using Cronbach Alpha. Analysis tool used hierarchical regression analysis. Based on the analysis concluded that (1) model 1 is the best model to explain the relationship between entrepreneurial competencies (skills), and entrepreneurship orientation on the performance of SMEs, (2) entrepreneurial competence (Initiative and enterprises, Planninng and Organizing, technology) as well as influential entrepreneurial orientation has positive and significant impact on performance, and (3) entrepreneurship orientation variable proved to mediate the relationship between entrepreneurial competencies and business performance in Klaten furniture.
                            
                         
                     
                 
                
                            
                    
                        STRATEGI PENGUATAN KAPASITAS STAKEHOLDER DALAM ADAPTASI DAN MITIGASI BANJIR DI KOTA SURAKARTA 
                    
                    Muzakar Isa; 
M. Farid Wajdi; 
Syamsudin Syamsudin; 
Anton Agus Setyawan                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 17 No 2 Desember 2013 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v17i2.1377                            
                                            
                    
                        
                            
                            
                                
The objectives of the study are: to analyze the level of preparedness of the stakeholdersin the adaptation and mitigation of floods in Surakarta, and to develop strategies to strengthen thecapacity of adaptation and mitigation of floods in Surakarta. Mixed-method of quantitative andqualitative has been employed to develop the strategy posed. The competent 15 keypersons wereselected using purposive quoted sampling for interview. Descriptive statistics and AHP wereemployed to analize the data. The results showed that that the stakeholders do not yet optimal inmitigation and adaptation to flooding. Capacity building strategy can be done through (a)developa strategic plan for overcoming Flood, (b) education, training and socialization of the adaptation and mitigation of flooding, (c) development and improvement of the physical aspects, (d)publicparticipation in flood mitigation, (e) planning and provision of logistics, funding, and equipment,(f) preparation of SOP flooding, and (g) encourage the protection of assets through insurance.
                            
                         
                     
                 
                
                            
                    
                        ANALISIS KOMPETENSI KEWIRAUSAHAAN, ORIENTASI KEWIRAUSAHAAN, DAN KINERJA INDUSTRI MEBEL 
                    
                    MUZAKAR ISA                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 15 No 1 Juni 2011 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v15i1.1327                            
                                            
                    
                        
                            
                            
                                
Penelitian bertujuan untuk menganalisis pengaruh aspek kompetensi kewirausahaan, orentasi kewirausahaan terhadap kinerja industri mebel di Kabupaten Klaten, dan menganalisis pengaruh orentasi kewirausahaan terhadap kinerja industri mebel di Kabupaten Klaten. Data yang digunakan adalah data primer, yang diambil secara cross section melalui wawancara secara langsung dengan para pemilik usaha mebel dengan menggunakan daftar pertanyaan. Sampel sebanyak 182 usaha mebel atau 10% populasi. Pengujian validitas menggunakan analisis Confirmatory Factor Analysis (CFA), dan pengujian reliabilitas menggunakan Cronbach Alpha. Alat analisis yang digunakan adalah analisis regresi hirarkis. Berdasarkan hasil analisis disimpulkan bahwa (1) model 1 merupakan model terbaik untuk menjelaskan hubungan antara kompetensi kewirausahaan (skills), dan orentasi kewirausahaan terhadap kinerja UKM, (2) kompetensi kewirausahaan (Initiative dan enterprises, Planninng dan Organizing, teknologi) serta orentasi kewirausahaan berpengaruh positif dan signifikan terhadap kinerja, dan (3) variable orentasi kewirausahaan terbukti memediasi hubungan antara kompetensi kewirausahaan dan kinerja usaha mebel di Klaten.
                            
                         
                     
                 
                
                            
                    
                        Strategi Pemasaran Katalog Produk (Studi Kasus Pengrajin Bambu Sukodono Sragen) 
                    
                    Aflit Nuryulia Praswati; 
Syamsudin Syamsudin; 
Muzakar Isa; 
Tulus Prijanto                    
                     Benefit: Jurnal Manajemen dan Bisnis Volume 1 No 2 Desember 2016 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v1i2.3258                            
                                            
                    
                        
                            
                            
                                
The promising prospect of bamboo industry is now evolving not only become handicrafts and small enterprises. Stakeholders of bamboo industry need to pay attention on the potency of this industry for its eco-friendliness, expediencies, and advantages. The bamboo industry in Sragen Regency for instance, develops properly but still faces marketing problems as its primary obstacle. Bamboo craftsmen are commonly supplying products based on customer orders. This study identifies the use of catalogue media to promote bamboo product in Sragen Regency. Using study case for descriptive qualitative, this research clarifies that bamboo craftsmen in Sragen Regency need support for development process. The catalogue arrangement process is started from identification of existing products, containing product name, size, usage, and price. Information of producer profile such as name, address, and telephone are equally important attributes for the catalogue. All information in the catalogue must represent profile and accessibility of the related product in order to attract consumers, and practically for its ease of marketing process. These long process, and bamboo handicraftsmen commitment in promotion obstruct this study to determine the efficency of the catalogue in raising bamboo market.
                            
                         
                     
                 
                
                            
                    
                        PENGUKURAN EFISIENSI BUMD: STUDI EMPIRIK PDAM DI EKS-KARISIDENAN SURAKARTA 
                    
                    Muzakar Isa; 
Abu Bakar Akbar                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 16 No 1 Juni 2012 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v16i1.1352                            
                                            
                    
                        
                            
                            
                                
The purpose of this study was to analyze the level of efficiency in Ex-residency SurakartaPDAM. The samples were PDAM of Surakarta, Sukoharjo and Klaten. The sampling method isnon-probability sampling, with convenience sampling method. The data used are secondary data.The data consists of input variables and output variables. Input variables consist of 1) the numberof staff hours per month, 2) the amount of water usage per month, 3) the total expenditure permonth, and 4) the ratio of the number of employees of an educated scholar. While the outputvariables consist of 1) the number of subscribers per month, 2) the amount of revenue per month.Data collection used is documentation method. Data analysis tool used is DEA. Based on theanalysis concluded there is 1 taps that do not operate efficiently, namely PDAM Sukoharjo (92.70).
                            
                         
                     
                 
                
                            
                    
                        PENGARUH EARNING PER SHARE (EPS), DEBT TO EQUITY RATIO (DER) DAN RETURN ON EQUITY (ROE) TERHADAP HARGA SAHAM (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2007-2011) 
                    
                    Arum Desmawati Murni Mussalamah; 
Muzakar Isa                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 19 No 2 Desember 2015 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v19i2.2319                            
                                            
                    
                        
                            
                            
                                
The aim of this study is to test the effect of Earning Per Share (EPS), Debt to Equity Ratio (DER), and Return On Equity (ROE) to stock price. This study was chosen because there were still differences between one study and another. There was also distinct condition between theory and the reality.This study was conducted using secondary data. Samples were taken using purposive sampling technic. From one hundred and twenty manufacture company, sixty were chosen due to its complete financial report from 2007-2011. The analysis methods used for this study is double linier regression analysis.Using regression analysis,it was showed that Earning Per Share (EPS) had a positive and significant effect, Debt to Equity Ratio (DER) had a negative dan significant effect, meanwhile Return On Equity (ROE) had a positive and significant effect to stock price. Taken together, it was showed that 90,4% variation and stock price could be described by EPS, DER and ROE variable.The rest (9,6%) could be described by other variables outside the model.
                            
                         
                     
                 
                
                            
                    
                        EFISIENSI TEKNIS PENDIDIKAN DI KOTA SURAKARTA: APLIKASI DATA ENVELOPMENT ANALYSIS (DEA) 
                    
                    Muzakar Isa                    
                     Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 13 No 1 Juni 2009 
                    
                    Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Surakarta 
                    
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                                DOI: 10.23917/benefit.v13i1.1303                            
                                            
                    
                        
                            
                            
                                
The purpose of this study to analyze the factors that affect achievement in state and private high school in Surakarta in the academic year 2005/2006, and measure the level of technical efficiency of high school in Surakarta in 2006. The analytical tool used are multiple linear regression and DEA. The analytical tool used ar multiple linear regression and DEA. The results showed that 70.73 percent of high school in Surakarta is efficient, and 29.27 percent, inefficient. High schools in Surakarta on average are efficient. High school achievement in Surakarta in 2006 was influencedby student-teacher ratio, the ratio of students–administrative staff, the ratio of teacher experiencefor 15 years, the ratio of graduate teacher education, and the average value of new students NEM (score of pure national exam). English is the dominant output variables that cause inefficiencies high school in Surakarta.
                            
                         
                     
                 
                
                            
                    
                        MEASUREMENT OF THE EFFICIENCY OF SME CLUSTER USING DATE ENVELOPMENT ANALYSIS (DEA) 
                    
                    Ma'ruf Ma'ruf; 
Sidiq Permono Nugroho; 
Anton Agus Setyawan; 
Muzakar Isa                    
                     Muhammadiyah International Journal of Economics and Business Vol. 1, No.2, 2018 
                    
                    Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Perguruan Tinggi Muhammadiyah 
                    
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This study explored the efficiency of SME Cluster. We developed an efficiency model consistingof operational capital, labor cost and raw material cost as the inputs. We proposed sales revenueand assets as the outputs of the model. Furthermore, a survey was conducted by involving 83SMEs in three different clusters. These three different clusters were batik cluster, furniture cluster,and apparel cluster. These clusters had been considered as SMEs with large labor absorption andenormous productivity, particularly in the area of Central Java, Indonesia. Our result shows thatmost SMEs included in those three clusters are not efficient in operating their businesses. Themain problem is related with the cost structure, especially in costly raw materials. In addition, itis suggested to improve the performance of human resource in those SMEs.