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All Journal JAKPI INVEST : Jurnal Inovasi Bisnis dan Akuntansi International Journal of Economic, Technology and Social Sciences (Injects) Jurnal Intelek Insan Cendikia Jurnal Ilmu Ekonomi dan Bisnis
Muhammad Rizal
Universitas Negeri Medan
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences

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The Influence of Capital Expenditure, Corporate Hedging, and Good Corporate Governance on Firm Value in Oil and Gas Sub-Sector Mining Companies on the IDX Period 2018-2020 Muhammad Rizal; Taufik Hidayat; Arif Wahyudi
International Journal of Economic, Technology and Social Sciences (Injects) Vol. 3 No. 1 (2022): May 2022
Publisher : CERED Indonesia Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (675.354 KB) | DOI: 10.53695/injects.v3i1.795

Abstract

This study aims to analyze how the influence of Capital Expenditure, Corporate Hedging, and Good Corporate Governance on Firm Value. This research was conducted at Mining companies in the Oil and Gas Sub Sector on the Indonesian Stock Exchange. the method used in this study is quantitative with multiple regression analysis. The results of this study indicate that Capital Expenditure, Corporate Hedging, and Good Corporate Governance have a significant effect on Firm Value both partially and simultaneously. for further research it is expected to be able to develop this research by adding variables and expanding the scope of research.
Literature Review of Islamic Social Finance Contribution in Indonesia Muhammad Rizal; Marliyah
International Journal of Economic, Technology and Social Sciences (Injects) Vol. 3 No. 2 (2022): October 2022
Publisher : CERED Indonesia Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (864.319 KB) | DOI: 10.53695/injects.v3i2.820

Abstract

This study aims to review and map the concepts and principles of Islamic social finance in their contribution to the Indonesian economy, using qualitative methods with content analysis sourced from articles on the Google Scholar database. Data was obtained using the Publish or Perish (PoP) application for a period of 10 years (2012-2022) with the keywords concepts and principles of Islamic social finance, accessed on January 7 2023, 53 articles (population) were obtained and 20 articles were taken as samples, while data analysed 15 articles. The results of the study found that the most discussed themes were 1) Development of Islamic Social Finance with 5 articles (33%), Islamic Accounting with 3 articles (20%), Disclosure of Islamic Social Reporting with 3 articles (20%), Development of Microeconomics with 2 articles (13%) Performance of Islamic Social Finance (Public) 2 articles (13%). The concept of Islamic social finance recommended by the article in overcoming economic problems in Indonesia, among others; (1) Distribution of BLT originates from zakat, infaq, or alms; (2) Increasing waqf with cash waqf and productive waqf schemes; (3) Business capital assistance to Micro, Small and Medium Enterprises (UMKM); (4) Providing business capital with a qardhul hasan loan scheme; (5) Providing an understanding of Islamic economic and financial literacy; (6) Technology development
Analisis Pengaruh Kepemimpinan Transformasional, Kualitas Kehidupan Kerja Dan Budaya Organisasi Terhadap Kinerja Karyawan Pt. Eksekutif Media Utama Di Deli Serdang Brilliant Sutrisno Sutrisno; Muhammad Rizal
JAKPI - Jurnal Akuntansi, Keuangan & Perpajakan Indonesia Vol 12, No 1 (2024): Jurnal Akuntansi, Keuangan & Perpajakan Indonesia (JAKPI)
Publisher : Universitas Negeri Medan (UNIMED)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/jakpi.v12i1.61889

Abstract

This study aims to describe the effect of transformational leadership, quality of work life, organizational culture on employee performance at PT Eksekutif Media Utama in Deli Serdang. This research was conducted for 4 (four) months, start from May 2022 until August 2022. This research use non probability sampling method. The respondents of this research are all employee at PT Eksekutif Media Utama in Deli Serdang which amounted to 89 (eighty nine) employees. The instrument of this research is a questionnaire to collent data from transformational leadership variable, quality of work life variable, organizational culture variable and employee performance variable. Data analysis techniques used are validity test, reliability test, descriptive analysis, multicolinearity test, normality test, multiple linear regression analysis, multiple linear correlation coefficient test, partial hypothesis test ot t test, simultaneous hypothesis test or F test, and calculation of coefficient of determination. The result of descriptive analysis for from transformational leadership variable, quality of work life variable, organizational culture variable and employee performance variable are in the good category at PT Eksekutif Media Utama in Deli Serdang. Based on partial analysis, transformational leadership, quality of work life, organizational culture have a positive and significant effect on employee performance at PT Eksekutif Media Utama in Deli Serdang. Simultaneously, transformational leadership, quality of work life, organizational culture have a positive and significant influence on employee performance at PT Eksekutif Media Utama in Deli Serdang. The contribution of transformational leadership, quality of work life, organizational culture variable to improve the employee performance variable is 0,785 or 78,5%, while rest of 0,215 or 21,5% influenced by other variables not examined by writer in this research, such as work satisfaction, work motivation, compensation and working environment.
Analisis Konseptual Model Altman Z-Score dalam Memprediksi Kebangkrutan Perusahaan Rendinova Cahyadi Nasution; Kevin Jeremi Doniartha Saragih; Muhammad Rizal
Jurnal Intelek Insan Cendikia Vol. 3 No. 04 (2026): April 2026
Publisher : PT. Intelek Cendikiawan Nusantara

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

Abstract

Studi ini bertujuan untuk menganalisis secara konseptual model Altman Z-Score dalam memprediksi kebangkrutan perusahaan. Penelitian ini menggunakan pendekatan kualitatif dengan metode deskriptif melalui tinjauan pustaka. Data yang digunakan adalah data sekunder yang diperoleh dari berbagai jurnal ilmiah, buku referensi, dan publikasi akademis terkait dalam lima tahun terakhir. Hasil penelitian menunjukkan bahwa model Altman Z-Score merupakan alat analisis yang efektif dalam mendeteksi potensi kesulitan keuangan dengan menggabungkan beberapa rasio keuangan yang mencerminkan likuiditas, profitabilitas, solvabilitas, dan aktivitas perusahaan. Model ini memiliki keunggulan dalam memberikan sinyal peringatan dini risiko kebangkrutan dan kemudahan penerapannya. Namun, model ini juga memiliki keterbatasan, khususnya ketergantungannya pada data keuangan historis dan ketidakmampuannya untuk memasukkan faktor non-keuangan. Oleh karena itu, penggunaan model Altman Z-Score harus dikombinasikan dengan metode analisis lain untuk menghasilkan prediksi yang lebih akurat dan komprehensif.
Peran Strategis Analisis Laporan Keuangan dalam Menopang Stabilitas Perusahaan di Era Digital Muhammad Rizal; Hesly Irawanda Naibaho; Muhammad Rizki Akbar
Jurnal Intelek Insan Cendikia Vol. 3 No. 04 (2026): April 2026
Publisher : PT. Intelek Cendikiawan Nusantara

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

Abstract

Penelitian ini bertujuan untuk mengkaji peran strategis analisis laporan keuangan dalam menopang stabilitas perusahaan di era digital, seiring dengan meningkatnya kompleksitas bisnis serta tuntutan transparansi dan akuntabilitas. Topik ini dipilih karena masih terdapat kesenjangan antara ketersediaan informasi keuangan dengan kemampuan manajemen dalam memanfaatkannya secara optimal untuk pengambilan keputusan. Penelitian ini menggunakan pendekatan kualitatif melalui studi literatur dan analisis deskriptif dengan memanfaatkan berbagai sumber seperti buku, jurnal, dan laporan keuangan perusahaan. Hasil penelitian menunjukkan bahwa analisis laporan keuangan berperan penting dalam menjaga stabilitas perusahaan melalui penggunaan rasio keuangan seperti profitabilitas, likuiditas, solvabilitas, dan aktivitas yang mampu menggambarkan kondisi keuangan secara menyeluruh. Selain itu, pemanfaatan teknologi digital dan pemahaman manajemen terhadap laporan keuangan menjadi faktor kunci dalam meningkatkan efektivitas analisis. Secara keseluruhan, penelitian ini menegaskan bahwa analisis laporan keuangan tidak hanya berfungsi sebagai alat evaluasi, tetapi juga sebagai instrumen strategis dalam menjaga stabilitas dan keberlanjutan perusahaan di era digital, sehingga diperlukan peningkatan kompetensi dan penguatan sistem informasi keuangan untuk mendukung pengambilan keputusan yang lebih tepat
Analisis Rasio Keuangan pada Perusahaan Sektor Properti dan Real Estate di Bursa Efek Indonesia Tahun 2024 Debora Desnia; Wahyu Muffti; Muhammad Rizal
Jurnal Ilmu Ekonomi dan Bisnis Vol 4 No 1 (2026): April, Jurnal Ilmu Ekonomi dan Bisnis
Publisher : Perkumpulan Konsultan Manajemen Pendidikan Indonesia (PKMPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65510/jieb.v4i1.315

Abstract

This study aims to analyze the financial performance of property and real estate sector companies listed on the Indonesia Stock Exchange in 2024 using four main financial ratios, namely Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), and Total Asset Turnover (TATO). The study employs a descriptive quantitative approach using secondary data obtained from the financial statements of 92 companies published on the official website of the Indonesia Stock Exchange. The results show that the average CR of 7.86 indicates a high but uneven level of liquidity, the average DER of 0.79 reflects a relatively healthy capital structure, the average ROA of 0.02 indicates low profitability, and the average TATO of 0.15 suggests that asset utilization efficiency still needs improvement. There is a significant disparity in financial performance among companies within this sector
Peran Teknologi Informasi dalam Pengembangan Sistem Informasi Akuntansi dalam Meningkatkan Kinerja Perusahaan: Studi Literatur tahun 2023- 2025 Balqis Zhofayra Alya; Fauziah Hanum; Muhammad Rizal
Jurnal Ilmu Ekonomi dan Bisnis Vol 4 No 1 (2026): April, Jurnal Ilmu Ekonomi dan Bisnis
Publisher : Perkumpulan Konsultan Manajemen Pendidikan Indonesia (PKMPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65510/jieb.v4i1.196

Abstract

The advancement of information technology (IT) has shifted accounting information systems (AIS) from administrative tools to strategic instruments that improve organizational performance. This study analyzes the role of IT in AIS development through a review of recent literature (2023–2025). The results show that integrating cloud computing, artificial intelligence (AI), big data, and blockchain enhances efficiency, transparency, and good corporate governance. Moreover, system development has moved from linear models to modern approaches such as Agile, DevOps, and Design Thinking, which are more flexible and user-centered. In conclusion, applying IT in AIS is essential for producing reliable financial information and maintaining competitiveness in the digital era
Pemanfaatan Data Analytics dalam Pengambilan Keputusan Bisnis: Sebuah Kajian Literatur Fadil Azury Farega Rambe; Nastiar Saputra Rangkuti; Raihan Ananda Azma; Muhammad Rizal
Jurnal Ilmu Ekonomi dan Bisnis Vol 4 No 1 (2026): April, Jurnal Ilmu Ekonomi dan Bisnis
Publisher : Perkumpulan Konsultan Manajemen Pendidikan Indonesia (PKMPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65510/jieb.v4i1.197

Abstract

The digital transformation in the era of Industry 4.0 has positioned data as a strategic resource that plays a pivotal role in supporting business decision-making. This study aims to explore the contributions, benefits, and challenges of implementing big data analytics in the contexts of fraud detection, audit quality enhancement, and business strategy optimization. Employing a descriptive qualitative approach through a systematic literature review of various empirical and conceptual studies, the findings reveal that big data analytics significantly improves audit effectiveness, accelerates data analysis, and strengthens oversight functions through the integration ofmachine learning and deep learning technologies. Furthermore, data analytics functions as a strategic instrument for risk management, financial forecasting, and enhancing organizational competitiveness. However, its implementation in Indonesia still encounters challenges such as limited digital infrastructure, low data literacy, and insufficient data-driven organizational culture. The findings underscore that the success of big data analytics adoption relies on the synergy between technology, human resources, and organizational strategies, aligned with the Technology-Organization-Environment (TOE) framework. Practically, this study recommends investment in digital infrastructure, continuous capacity building for human resources, and fostering a data-driven culture as fundamental steps to strengthen governance quality, audit effectiveness, and business decision-making in the digital era..
Risiko Hukum dan Kepatuhan Dalam Organisasi: Tinjauan Literatur terhadap Faktor Penyebab, Dampak, dan Strategi Lestari Br Tohang; Jelita Yulianti Br Sitanggang; Muhammad Rizal
Jurnal Ilmu Ekonomi dan Bisnis Vol 4 No 2 (2026): Oktober, Jurnal Ilmu Ekonomi dan Bisnis
Publisher : Perkumpulan Konsultan Manajemen Pendidikan Indonesia (PKMPI)

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

Abstract

Legal and compliance risks are among the risks that can affect the sustainability and performance of organizations. Increasingly dynamic regulatory changes, business complexity, and growing demands for good governance require organizations to manage legal and compliance risks effectively. This study aimed to identify the causes, impacts, and mitigation strategies of legal and compliance risks through a literature review. The research employed a literature review method by analyzing scientific articles published within the last five years. The findings indicated that legal and compliance risks are influenced by various factors, including regulatory changes, weak internal control systems, limited understanding of legal requirements, and inadequate managerial oversight. These risks may result in administrative sanctions, financial losses, reputational damage, and decreased stakeholder trust. Furthermore, the review revealed that the implementation of integrated risk management, strengthened corporate governance, regular compliance audits, and the adoption of Governance, Risk, and Compliance (GRC) frameworks are effective strategies for mitigating legal and compliance risks. This study is expected to provide a more comprehensive understanding of the importance of managing legal and compliance risks to support organizational sustainability.
Analisis Pengukuran dan Pemetaan Risiko dalam Upaya Penguatan Manajemen Risiko Yuliana Simatupang; Muhammad Rizal; Maria Grace Octa Via Pane
Jurnal Ilmu Ekonomi dan Bisnis Vol 4 No 2 (2026): Oktober, Jurnal Ilmu Ekonomi dan Bisnis
Publisher : Perkumpulan Konsultan Manajemen Pendidikan Indonesia (PKMPI)

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Abstract

Manajemen risiko merupakan elemen fundamental dalam tata kelola organisasi yang baik. Penelitian ini bertujuan untuk menganalisis praktik pengukuran dan pemetaan risiko dalam upaya penguatan manajemen risiko pada organisasi sektor jasa keuangan di Indonesia. Dengan menggunakan pendekatan kualitatif dan desain studi kasus (Yin, 2018), penelitian ini melibatkan tiga organisasi keuangan sebagai unit analisis. Data dikumpulkan melalui wawancara semi-terstruktur, studi dokumentasi, dan observasi non-partisipan, kemudian dianalisis menggunakan analisis tematik (Braun & Clarke, 2006). Hasil penelitian mengungkapkan tiga temuan utama: (1) terdapat kesenjangan signifikan dalam tingkat kematangan pengukuran risiko antar organisasi; (2) pemetaan risiko belum dimanfaatkan secara optimal sebagai instrumen pengambilan keputusan strategis; dan (3) komitmen kepemimpinan (tone at the top) merupakan faktor paling determinan dalam keberhasilan manajemen risiko. Penelitian ini berkontribusi pada pengembangan kerangka manajemen risiko yang lebih adaptif berbasis ISO 31000:2018 dan COSO ERM Framework 2017. ABSTARCT Risk management is a fundamental element in good organizational governance. This study aims to analyze risk measurement and mapping practices as part of efforts to strengthen risk management in financial service sector organizations in Indonesia. Using a qualitative approach with a case study design (Yin, 2018), this study involved three financial organizations as units of analysis. Data were collected through semi-structured interviews, document analysis, and non-participant observation, then analyzed using thematic analysis (Braun & Clarke, 2006). The results reveal three key findings: (1) there are significant gaps in risk measurement maturity levels across organizations; (2) risk mapping has not been optimally utilized as a strategic decision-making instrument; and (3) leadership commitment (tone at the top) is the most determinant factor in the success of risk management. This study contributes to the development of a more adaptive risk management framework based on ISO 31000:2018 and the COSO ERM Framework 2017.
Co-Authors Alika Putri Andri Soemitra Anggie Pricyla Sianturi Arif Wahyudi Azhari Akmal Tarigan Balqis Zhofayra Alya Brilliant Sutrisno Sutrisno Debora Desnia Dinda Dwi Aprillia Fadil Azury Farega Rambe Fauziah Hanum Ferdi Akbar Gabriel Sihombing Haikel Bremana Gurusinga Hesly Irawanda Naibaho Ismul Fakhri Lubis Jelita Yulianti Br Sitanggang Julius Andhika Prasetyo Kaswinata Kaswinata Kevin Jeremi Doniartha Saragih Lestari Br Tohang Magdalena Sihotang Maria Grace Octa Via Pane Marliyah Muhammad Rafly Dwi Desta Muhammad Rizki Akbar Nastiar Saputra Rangkuti Nuh Yabest Sinaga Putri Wulandari Nasution Raihan Ananda Azma Rendinova Cahyadi Nasution Seven Rius Lala Taufik Hidayat Tria Wulandari Ulul Azmi Fadhilah Wahyu Muffti Yuliana Simatupang