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Financial development and performance of palm oil industry in Malaysia Syajarul Imna Mohd Amin; Aisyah Abdul-Rahman; Hawati Janor; Abdullah Khairi Mohd Asri; Darmawati Muchtar
Economic Journal of Emerging Markets Volume 11 Issue 2, 2019
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol11.iss2.art2

Abstract

The finance-growth nexus is gaining credence among researchers. Growing research interest in developing evidences for different economic sectors has ignited this study to examine the topic in agricultural sector for Malaysia. The analysis focuses on palm oil industry using data for the period 1981 to 2017 using the Autoregressive Distributed Lagged (ARDL-bounds) approach. Financial development measures financial depth, accessibility, efficiency, and stability. Other variables include production factors such as land, labour and capital. Findings/Originality: The findings show that the depth of financial market has positive impact on palm oil industry performance both in the short run and long run, though the depth of the financial institutions only take effect in the long run. Meanwhile the financial accessibility, efficiency and stability have no significant effect on the productivity of the industry. It implies that the equity market development is more relevant to affect the palm oil industry compared to credit market development.
Does bank health matter after converted to sharia? Case study of Bank Aceh Iswadi Bensaadi; Zulkifli Yusuf; Darmawati Muchtar; Mukmim Alamsyah Putra Matondang
Jurnal Kajian Manajemen dan Wirausaha Vol 3, No 4 (2021): Jurnal Kajian Manajemen dan Wirausaha
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmw02122650

Abstract

AbstractThe health of a bank is a reflection of bank ability to continue to operate with good performance. This study examined the differences in bank health and the trend of bank health before and after being converted into Islamic banks. This study used quarterly financial statements data from 2012 to 2020, with 18 observations before converting and 18 observations after converting into islamic banks. The results showed that bank health was lower when operating under the Islamic system compared to under a conventional system. Others showed that there was no difference in the trend of bank health based on the Islamic system and the non-Islamic system. The lower of bank health after being converted to Islamic banks showed that the efficiency of banks was lower after being converted than before being converted to Islamic. Islamic bank management needs to increase attention to improve bank efficiency by optimally utilizing assets.  TRANSLATE with x EnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian //  TRANSLATE with COPY THE URL BELOW Back EMBED THE SNIPPET BELOW IN YOUR SITE Enable collaborative features and customize widget: Bing Webmaster PortalBack//
CORPORATE GOVERNANCE, INSTITUTIONAL OWNERSHIP, FREE CASH FLOW AND INVESTMENT EFFICIENCY: EVIDENCE OF INDONESIAN AGRICULTURE FIRM Darmawati Muchtar; Iswadi Bensaadi; Ratna Husein; Azhari Abdul Gani
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 1 No. 2 (2021): December
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (370.51 KB) | DOI: 10.54443/ijebas.v1i2.106

Abstract

The purpose of this study is to examine the determinants of investment efficiency with focuses on corporate governance, ownership structure, audit committee and free cash flow as the main factor. The 17 firms of Agriculture sector were selected as the sample from 2007 to 2019, hence this study have an unbalance panel data with total of 178 observations. The listed firm of Agriculture sector still slightly compared to others sectors in Indonesia Stock Exchange. Panel fixed effect model estimation was employed to test the relationship and hypotheses developed. The results show that board size has positive and significant effect on investment efficiency and contrary result to board of commissioners, it has negative insignificant. This indicates that large board size lead to increase the investment decision at optimal level. Moreover, the Audit committee and institutional ownership seem to have negative effect and significantly on investment efficiency. This means that when firms increase the number of audit committee and also the portion of share is owned by institution would lead to decrease investment efficiency. However, free cash flow have positive and significantly affect investment efficiency. This finding supports the expected hypothesis, which is increase the FCF lead to increase the investment efficiency and in this case, the managers act to maximize the firm value.
Determination of Firm Value in the Goods and Consumption Sector Darmawati Muchtar; Dedek Ramadhani; Rasyimah Rasyimah; Ghazali Syamni
International Journal of Business Economics (IJBE) Vol 3, No 1 (2021): SEPTEMBER - FEBRUARY
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v3i1.7439

Abstract

This paper is aimed to examine factors that influence the firm value of goods and consumption companies at IDX.The data used in this study uses data form www.bps.go.id, www.bi.go.idandwww.idx.co.id.The study used a panel data regression model and the random effect model. This study finds that the exchange rate and interest rate have a negative effect on firm value. It can be concluded that external factors have a considerably vast influence on firm value compared to internal factors. Meanwhile, managerial ownership structure and institutional ownership structure have a positive effect on firm value. In relation to company liquidity, a quick ratio solely has a negative effect on firm value.TheNoveltyofthis study shows that companies without managerial ownership have a stronger effect on firm value. Conversely, this study does not find that companies with managerial ownership affect firm value.
Determinant of sharia banks profitability in Indonesia: The moderating effect of non performing financing Darmawati Muchtar; Fahmi Azhari; Iswadi Bensaadi
Jurnal Kajian Manajemen Bisnis Vol 10, No 1 (2021): Jurnal Kajian Manajemen Bisnis
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmb.11245700

Abstract

This study aims to analyze the effect of capital adequacy ratio (CAR), operating cost of operating income (BOPO) on profitability and examine the role of non performing financing (NPF) in influencing the relationship between CAR and BOPO on profitability of sharia bank in Indonesia. The data used in this study is a panel data that consisting of 10 sharia banks for the period 2010-2018 with 99 observations. The method of analysis data is multiple regression analysis with random effect model. The results of this study in model one show that BOPO has negative and significantly affects profitability, meanwhile CAR has positive but insignificant effect, while and NPF has negative effect on profitability but insignificant in model two. Furthermore, when NPF interected with CAR shows interesting results, in which CAR has negative and significant effect on profitability, while BOPO is still consistent with negative and significant effect on profitability. This suggests that the NPF moderates the influence of CAR and BOPO on profitability. This implies that increase NPF would decrease the effect of CAR on profitability and the effect of BOPO on profitability would be strangted of syaria bank in Indonesia. Keywords: Capital adequacy ratio; BOPO; non performing financing, profitability
Pengaruh Leverage, Growth Opportunity dan Firm Size Terhadap Keputusan Hedging Pada Perusahaan Sektor Cosumer Goods Industry Yang Terdaftar Pada BEI Vera Nanda; Darmawati Muchtar; Halida Bahri
Jurnal Ilmu Manajemen Vol 10 No 4 (2022)
Publisher : UNESA In Collaboration With APSMBI (Aliansi Program Studi dan Bisnis Indonesia)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (390.021 KB) | DOI: 10.26740/jim.v10n4.p1160-1171

Abstract

This study aims to examine the effect of leverage, growth opportunity, and firm size on hedging decisions by consumer goods industry firms. The sample of this study was 28 firms for the period 2016-2020. This study used balance panel data with 140 observations. The method of this study is Binary logit estimation, in which the dependent variable is a dummy with 1,0 for the firm using hedging and otherwise. This study finds that leverage positively affects hedging decisions but is not significant. The rising debt would lead the companies to hedge asset instruments. Growth Opportunity has a different effect, whereas growth opportunity has a negative and insignificant effect. The findings do not correspond to the hypothetical expectation. They are also not in line with the theory, which states that there is a linear relationship between investment opportunities and hedging decisions. The findings do not support the expected hypothesis. They are also not in line with the theory, which states that there is a linear relationship between investment opportunities and hedging decisions. Furthermore, the effect of firm size on hedging decisions is positive and significant. The larger firm size would lead increase in the hedging decision in Indonesia. The implication is that the company's management must focus more on the impact of investment opportunities with the company's policy of conducting low hedging. A higher investment opportunity has a higher risk of getting a return.
THE MARKET VALUE OF NON-FAMILY FIRMS: A STUDY ON OWNERSHIP CONCENTRATION, FINANCIAL POLICY, AND PROFITABILITY Darmawati Muchtar; Norazlan Alias; Iswadi Bensaadi
Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK) Vol 12, No 1 (2023): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v12i1.59559

Abstract

This study investigates the market valuation effect of ownership concentration, financial policy, and profitability in a sample of 109 non-family from 2012 to 2019. We used balance panel data to investigate the market values and possible effects of the variables identified using the General Method of Moment (GMM) estimator. The market value is dynamic, which means that last year's market value significantly affects the current market value. Even though the majority shareholder is not a family member, the ownership concentration still has a significant negative effect on the market value. The financial decision shows that leverage has a positive and significant effect. At the same time, investment and dividend policy seems to have a negative effect on market value, although the investment is insignificant. Lastly, profitability has positive and significant effects on market value. This study contributes to non-family firm literature and provides new empirical findings and policy implications for regulators to enhance the market value. JEL: G11, G30, G32.
Pelatihan Tata Kelola Dana Desa Pada Aparatur Desa Reuleut Timu, Aceh Utara Darmawati Muchtar; Iswadi Bensaadi; Nurlela Nurlela; Rahmi Mahbengi; Fitria Zaitun Nisa; Ratna Husen; Faisal Matriadi
Jurnal Altifani Penelitian dan Pengabdian kepada Masyarakat Vol. 3 No. 3 (2023): Mei 2023 - Jurnal Altifani Penelitian dan Pengabdian kepada Masyarakat
Publisher : Indonesian Scientific Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59395/altifani.v3i3.312

Abstract

Pelatihan ini dilaksanakan di Desa Reuleut Timu, Kecamatan Muara Batu, Kabupaten Aceh Utara, yang merupakan Desa Binaan Universitas Malikussaleh. Permasalahan yang terjadi adalah kemampuan aparatur desa dalam perencanaan penganggaran kegiatan yang masih rendah dan pelaksana kegiatan kurang memahami tentang mekanisme pelaksanaan pembangunan infrastruktur. Kegiatan ini dilaksanakan selama dua hari dengan materi tata kelola dana desa berdasarkan undang-undang dan pengelolaan, pertanggungjawaban, dan pengawasan keuangan desa. Pelatihan ini memiliki tujuan untuk meningkatkan kapasitas dan pemahaman aparatur desa tentang pengelolaan dana desa yang mencakup perencanaan, pelaksanaan, penatausahaan, pelaporan, dan pertanggungjawaban pelaksanaan kegiatan. Hasil dari pelatihan ini adalah meningkatnya kemampuan dan pemahaman aparatur desa dalam pengelolaan dana desa. Pelatihan ini telah memberikan pengaruh besar terhadap peningkatan kapasitas  Aparatur Desa dan memberikan dampak bagi perbaikan berbagai kegiatan gampong di masa yang akan datang. Pelatihan ini juga memberikan kontribusi kepada aparatur desa agar dapat mengelola dana desa dengan baik.