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Dampak Globalisasi Terhadap Risiko Keuangan Perusahaan: Risiko Nilai Tukar, Suku Bunga, dan Risiko Negara Moch. Iqbal Zulfikar Pd; Loso Judijanto
CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis Vol. 4 No. 3 (2024): CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/cemerlang.v4i3.2947

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This study aims to analyze the impact of globalization on corporate financial risk, focusing on exchange rate risk, interest rate risk, and country risk. The research employs a quantitative method, utilizing data from the annual financial reports of multinational companies listed on stock exchanges from 2010 to 2020. Data analysis is conducted using descriptive and inferential statistical techniques, including multiple regression to evaluate the relationship between independent variables (globalization factors such as exports, imports, and foreign direct investment) and dependent variables (levels of financial risk faced by companies). The findings indicate that globalization significantly influences these three types of financial risk. Companies involved in international trade tend to face greater exchange rate fluctuations, dynamic interest rate changes, and higher country risk compared to companies operating in domestic markets. To manage these risks, companies need to develop comprehensive risk management strategies, including the use of derivative instruments, thorough political and economic risk analysis, and investment in advanced technologies. Continuous training and fostering a strong risk culture within the organization are also critical factors in effective risk management. This study provides in-depth insights into how globalization affects corporate financial risk and offers strategic recommendations to enhance financial resilience in a global context.
How Different is The Financial Performance of Sharia-Based Banks? Listiana Sri Mulatsih; Mahelan Prabantarikso; Hadi Purnomo; Loso Judijanto; Alfiana
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 13 No. 1 (2024): April
Publisher : LPPM, Universitas Islam Syarifuddin Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v13i1.2622

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Covernance, Earnings and Capital. Based on the research results, it shows that there is a significant difference between Bank Muamalat Indonesia and Bank Mega Syariah in 2018-2021 in the Risk Profile factor based on the NPF ratio and there is no significant difference based on the FDR ratio. There is a significant difference between the average BMI and BMS in the Earnings factor based on the ROA ratio. A gap was found between the average values ​​obtained by BMI and BMS regarding the capital factor based on the CAR ratio and there was no significant difference between the financial performance of Bank Muamalat Indonesia and Bank Mega Syariah using the RGEC method.  The policy implication of these findings is the importance of viewing a bank's financial performance holistically, not just focusing on one factor such as capitalIn making policy decisions, regulators and bank management must consider these aspects comprehensively to enhance the overall health and performance of the bank.
Innovative Approaches to Urban Drainage System : A Review Muhammad Ade Kurnia Harahap; Loso Judijanto; Bucky Wibawa Karya Guna; Jasman; Ilham Samanlangi
Indonesia Journal of Engineering and Education Technology (IJEET) Vol. 2 No. 2 (2024): Indonesia Journal of Engineering and Education Technology (IJEET)
Publisher : AKADEMI TEKNIK ADI KARYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61991/ijeet.v2i2.48

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Conventional urban drainage systems are often unable to cope with extreme rainfall and rapid urbanization, resulting in flooding and water pollution. Innovative approaches are needed to improve the performance and sustainability of urban drainage systems. This research aims to explore and analyze innovative approaches in urban drainage systems to improve efficiency, sustainability and resilience to climate change. This type of research is literature research. Data collection techniques are direct observation through journal databases and documentation. Data analysis in the research is qualitative data analysis. The results concluded a promising innovative approach to improve the performance and sustainability of urban drainage systems. Integrated application of this innovative approach can help create more resilient, sustainable and environmentally friendly urban drainage systems, contributing to healthier and climate change resilient cities. Further research is needed to evaluate the long-term effectiveness and scalability of this approach in various urban contexts.
The role of sharia economics in supporting the realization of sustainable development goals and islamic development Ariawan, Ariawan; Loso Judijanto; M. Yusuf Bahtiar; Farida Akbarina; Muhammad Syafri
ProBisnis : Jurnal Manajemen Vol. 15 No. 1 (2024): February: Management Science
Publisher : Lembaga Riset, Publikasi dan Konsultasi JONHARIONO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62398/probis.v15i1.412

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Environmentally Friendly Sustainable Development or Sustainable Development Goals is a policy program scheme agreed upon by world leaders to reduce poverty, inequality and end the impact of global climate change. This article discusses how the Sustainable Development Goals go hand in hand with Islamic development. The research method used in this literature review is descriptive qualitative. The study results show that the Islamic concept is in line/sustainable with the SDGs goals. Islam also has a way to fight poverty with zakat, fasting, and a simple lifestyle, providing equal rights between women and men and emphasizing that there is no equal position between the two; and orders humans to manage the environment wisely and maintain natural balance. Mobilizing the Islamic masses to help in achieving the SDGs as a form of their devotion to Allah SWT is a challenge for the government, community organizations and academics in socializing the SDGs and Sustainable Science to society and to higher education, especially Islamic religious universities (PTKI).
Integrasi Faktor ESG Dalam Indeks Saham Syariah Nisa Miftachurohmah; Loso Judijanto; Ahmad Rizani; Muhammadong; Rina Destiana
Journal of International Multidisciplinary Research Vol. 1 No. 2 (2023): Desember 2023
Publisher : PT. Banjarese Pacific Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62504/nmgzwj45

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Penelitian ini mendalam keintegrasi faktor Lingkungan, Sosial, dan Tata Kelola (ESG) dalam indeks saham syariah, mengeksplorasi bagaimana aspek-aspek keberlanjutan ini dapat memperkaya kriteria pemilihan saham sesuai prinsip-prinsip syariah. Melalui analisis prinsip ESG dalam konteks syariah, penelitian ini menyoroti hubungan positif antara faktor-faktor ESG dan nilai-nilai Islam dalam pasar modal syariah. Terutama, faktor Lingkungan menekankan tanggung jawab terhadap ciptaan Allah, Sosial menyoroti keadilan dan kesejahteraan masyarakat, sedangkan Tata Kelola menggarisbawahi transparansi dan keadilan dalam pengambilan keputusan. Penelitian ini juga mempertanyakan peran ESG dalam keputusan investasi di pasar modal syariah, menilai sejauh mana investor melibatkan faktor ESG sebagai kriteria krusial dalam pemilihan produk investasi. Dengan meningkatnya kesadaran akan dampak sosial dan lingkungan, pemahaman lebih lanjut tentang keterlibatan investor dalam faktor ESG dapat memberikan wawasan terhadap arah perkembangan pasar modal syariah. Investigasi dampak keberlanjutan dan lingkungan menunjukkan bahwa integrasi ESG dapat memberikan kontribusi positif pada pelestarian lingkungan, mendukung tujuan keberlanjutan ekonomi, dan tetap berfokus pada pencapaian keuntungan ekonomi yang sesuai dengan prinsip-prinsip syariah. Sebagai hasilnya, penelitian ini menegaskan bahwa integrasi ESG dalam indeks saham syariah bukan hanya langkah etis, tetapi juga strategis, yang dapat menciptakan portofolio yang seimbang antara keuntungan finansial dan keberlanjutan nilai-nilai Islam.
The Influence of Benevolent Funds and Zakat Funds on The Reputation of Bank Syariah Indonesia for The 2018-2022 Period Wewis Gilang Sari; Awaluddin Awaluddin; Loso Judijanto; Iiz Izmuddin; Al-Amin; Hadi Subeno; Fahmi Sulaiman
Proceeding of The International Conference on Business and Economics Vol. 2 No. 1 (2024): Proceeding of The International Conference on Business and Economics
Publisher : Universitas 17 Agustus 1945 Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/icbeuntagsmg.v2i1.1590

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Reputation has the potential to influence a company's performance, the support it receives from the public, and the bank's ability to obtain the necessary funding. This research aims to evaluate the impact of benevolent funds and zakat funds on the reputation of Indonesian sharia banks (BSI) in the 2018-2022 period. The research uses quantitative methods with the aim of understanding the relationship between construction variables which include several variables and other variables, to predict variable X1 (benevolent funds), variable X2 (zakat funds), and variable Y (reputation) on BSI. The data used is document data, especially annual reports published by BSI every quarter on the Indonesia Stock Exchange (BEI) in the 2018-2022 period and collected via the official BSI website. The research results show that, partially, the path coefficient for the use of benevolent funds (PDK) has a positive value of 0.18 with a p-value of 0.18. This means that the use of benevolent funds has a positive effect on reputation with a contribution of 18%. Meanwhile, the use of zakat funds (PDZ) on reputation has a positive path coefficient of 0.53 with a p-value of 0.1 which is smaller than 0.05. This shows a positive relationship between the use of zakat funds and reputation, with a contribution of 49%. In the indirect and total effects table, the use of zakat funds shows a positive and significant relationship to reputation with a contribution of 53%. Both the use of benevolent funds and zakat funds have a positive impact on reputation, with a p-value of 0.002 which is smaller than 0.05. In addition, the R-squared for the reputation variable is 0.487, indicating that the contribution of the PDK (X1) and PDZ (X2) variables to reputation (Y) is 48.7%, and the remaining 51.3% is influenced by other variables outside the model study.
Effect of Investment Decisions, Funding Decisions and Dividend Policies on Company Value in The Jakarta Islamic Index Mesis Rawati; Iiz Izmuddin; Anggi Setya Prayoga; Loso Judijanto; Al-Amin; Hadi Subeno
Proceeding of The International Conference on Business and Economics Vol. 2 No. 1 (2024): Proceeding of The International Conference on Business and Economics
Publisher : Universitas 17 Agustus 1945 Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/icbeuntagsmg.v2i1.1591

Abstract

This research aims to test whether investment decisions, funding decisions and dividend policy influence company value. The data used in the research is secondary data. The population of this research is companies registered in the Jakarta Islamic Index (JII) 70 for 2018-2021. Determining the sample in the research used the porpusive sampling method with special criteria to obtain 68 data. The results of this research prove that the influence of investment decisions on company value is 0.256 > 0.05 and the calculated t value is 1.147 < 1.99714. There is no influence of investment decisions on value. Company. The influence of funding decisions on company value is 0.000 < 0.05 and t count is 6.384 > 1.99714. There is a significant influence of funding decisions on company value. The influence of dividend policy on company value is 0.116 > 0.05 and the calculated t is 1.595 < 1.99714 so it can be concluded that there is no influence of dividend policy on company value.
Effect of Leverage, Profitability and Operating Capacity on Financial Distress in Manufacturing Companies Listed on The Indonesia Stock Exchange Yolanda Effendy; Awaluddin Awaluddin; Loso Judijanto; Luckhy Natalia Anastasye Lotte; Al-Amin; Hadi Subeno
Proceeding of The International Conference on Business and Economics Vol. 2 No. 1 (2024): Proceeding of The International Conference on Business and Economics
Publisher : Universitas 17 Agustus 1945 Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/icbeuntagsmg.v2i1.1592

Abstract

This study aims to examine whether leverage, profitability and operating capacity affect financial distress in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the period 2019-2023. The data used is secondary data obtained from www.idx.co.id website. Determination of samples in research using porpusive sampling methods with special criteria. The results of the analysis are known to be a significant value of leverage of 0.000 < 0.05 with a calculation of -4.862 < table 1.992, so the variable leverage has a significant negative effect on financial distress conditions. The significant value on profitability is 0.000 < 0.05 with a count of 9,196 > table 1,992. So the probability variable has a significant positive effect on financial distress conditions. Significant value in Operating Capacity of 0.000 < 0.05 with a calculation of 8.422 > table 1.992, So operating capacity has a significant positive effect on financial distress.
Analysis of the Relationship between Capital Structure and Stock Performance to Profitability and Financial Risk in Start-ups in Indonesia Loso Judijanto; Marjono, Marjono; Christine Riani Elisabeth
Jurnal Aktiva : Riset Akuntansi dan Keuangan Vol 6 No 2 (2024): Juni 2024
Publisher : Program Studi Akutansi - Universitas Nusa Putra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52005/aktiva.v6i2.241

Abstract

Penelitian ini melihat hubungan antara risiko keuangan, profitabilitas, kinerja saham, dan struktur modal perusahaan-perusahaan di Indonesia. Untuk mengevaluasi hipotesis penelitian, pemodelan persamaan struktural dengan kuadrat terkecil parsial (SEM-PLS) digunakan untuk menganalisis sampel 110 perusahaan rintisan dari berbagai sektor di Indonesia. Hasil penelitian menunjukkan korelasi positif yang kuat antara struktur modal dan risiko keuangan serta antara struktur modal dan profitabilitas dan kinerja saham. Sementara itu, ditemukan bahwa tidak ada korelasi yang berarti antara risiko keuangan dan kinerja saham. Menurut temuan ini, leverage yang cerdas dapat membantu pengusaha Indonesia menjadi lebih menguntungkan, tetapi untuk mengurangi risiko keuangan, mereka harus mempertimbangkan dengan cermat trade-off dari mengambil lebih banyak utang. Perusahaan rintisan dapat meningkatkan kinerja keuangan dan ketahanan mereka dalam lingkungan bisnis yang bergerak cepat dengan berkonsentrasi pada metode yang dapat meningkatkan kinerja saham dan menerapkan pendekatan yang seimbang terhadap manajemen struktur modal.
TAX POLICIES THAT SUPPORT INNOVATION COMPETITIVENESS OF SMALL BUSINESSES IN INDONESIA Heru Kreshna Reza; Cristofer Sumiok; Loso Judijanto; Melly Susanti
Juremi: Jurnal Riset Ekonomi Vol. 4 No. 4: Januari 2025 (In Press)
Publisher : Bajang Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53625/juremi.v4i4.9441

Abstract

This study examines the impact of tax policy, competitive challenges, access to capital, and tax digitalization on the growth of MSMEs in Indonesia. The reduction of the Final Income Tax (PPh) rate and the exemption of PPh for entrepreneurs with a turnover of up to IDR 500 million per year have eased the financial burden of MSMEs and increased their production capacity. However, cartel and monopoly practices remain an obstacle to business competition. While the Kredit Usaha Rakyat (KUR) program improves access to capital, information about the program should be expanded, especially in remote areas. While not all MSMEs are ready to adopt the technology, the digitization of the tax system such as e-Filing and e-Invoicing has improved the efficiency and transparency of the taxation process. The main barriers that require further education and socialization are low levels of tax compliance and limited access to information. Policy recommendations include expanding tax incentives, improving access to capital, enforcing laws against cartels and monopolies, and supporting digitalization and education. With the right policy support, MSMEs can develop into a stronger economic backbone, contributing more to the national economy and community welfare.
Co-Authors Abda Abda Abdul Haq AS ABDUL ROZAK Abdul Wahab Syakhrani Ach. Shobri Achmad Farchan Ade Suhara Adel, Adelia Angraeni Adi Widjajanto Aferiaman Telaumbanua Agnes Soukotta Agry Alfiah Agustin Nurya Savitri Ahmad Rizani Aini Nurul Akib Akib Al-Amin Alfiana Alfiana Alfiana Alim Hardiansyah Amândio de Araújo Sarmento Amat Suroso Andri Sungkowo Andro Ruben Runtu Andueriganta Fadhlihi Anggi Setya Prayoga Anggoro, Yudhi Anggriani Husain Anita Widyawati Ansori Antono Damayanto Ariawan, Ariawan Arief Fahmi Lubis Arief Yanto Rukmana Arifia Nurriqli Aris Susanto Armalia, Widya Arnes Yuli Vandika Arsyil Majid, Dzul Asdar Ahmad Aslan Aslan Aslan Aslan, Aslan Awaluddin Awaluddin Axelon S Renyaan Baso Intang Sappaile, Baso Intang Bernadus Wibowo Suliantoro Bobby Ferly Bucky Wibawa Karya Guna Budi Mardikawati Caroline Caroline Christine Riani Elisabeth Cristofer Sumiok Darma Jasuli Darry Christine Silowaty Purba Dede Gustian Dedi Harianto Diah Hari Suryaningrum Dimas Puji Santosa Dina Destari Dina Indriyani Donny Juliandri Prihadi Edwin Aldrin W. Sanadi Ellyta Elmiwati Elmiwati Elvina Safitri Emi Yulia Siska Entin Solihah Era Purike Era Purike Erwin Erwin Yulianto Euis Eka Pramiarsih Fadlullah Fahmi Sulaiman Farhan Ferian Farida Akbarina Farida Asy'ari Fauziah F. Farawowan Fauziah Nur Hutauruk Fenni Yufantria Fina Diana Fionasari, Richa Firmansyah Firmansyah Frida Utami, Rhisty Fuadah Johari Gautama Sastra Waskita Hadenan Towpek Hadi Purnomo Hadi Subeno Hakim, Nur Haridah Saputra, Muhammad Hasdiana Hasdiana Hasni Noor Heni Pujiastuti Henny Noviany Henny Sanulita Heriani Heriani Herlina Lidiyawati Hety Devita Hevi Susanti Hudson Sidabutar Hurulaini Sekar Azzahra Husna Amin Iiz Izmuddin Ika Zakiah Ilham Samanlangi Imelda Christine Kansil Indah Sulistiani Indah Wati Irwan Moridu Ismaul Fitroh Iwan Harsono Iwan Kusnadi Iwan Setiawan Iyad Abdallah Al- Shreifeen Jackson Yumame Jasman Jeranah Joni Bungai Kadek Dedy Herawan Khaeruman Klemens Mere Komalasari, Nur Aziza Kristiono, Natal Kristopo, Kristopo Kusiyah Lake, Floribertha Latif Karim Listiana Sri Mulatsih Lola Yustrisia Luckhy Natalia Anastasye Lotte Lukis Alam Lumbantoruan, Jitu Halomoan M. Ainur Ridlo M. Amin Fatulloh M. Hamdy Meydiansyah M. Syarif M. Yusuf Bahtiar Maharani, Andina Mahelan Prabantarikso Mahidin Fahmie Majidah Khairani Marjono Marjono Marzuki Marzuki Marzuki Mega Arisia Dewi MELIA ROZA Melly Susanti Melyana R Pugu Mesis Rawati Miftahul Ulum Mistari Ulfa Moch. Iqbal Zulfikar Pd Mochammad Imron Awalludin Moh. Miftahul Arifin Mohamad Khairi Bin Haji Othman Mohammad Ahmad Bani Amer Mohammad Anwar Mohd Syahrin Mokhamad Eldon Muh Syamsul Arifin Muh. Abduh Anwar Muh. Dzihab Aminudin S Muh. Rezky Naim Muhammad Ade Kurnia Harahap Muhammad Azizi Muhammad Ichsan Abda Muhammad Masykur Abdillah Muhammad Syafri Muhammad Syaiful Muhammad Syaiful Muhammadong Muhdi Late Mukti Ali Mustanir, Fiqrul Mustopa N, Amina Ramadana Naf’an Torihoran Nana Suryapermana Nganta Ginting, Jimmy Nijma Ilma, Ajeng Faizah ningrum, dedah - Nisa Miftachurohmah Novia Nelza Novianty Djafri Nuril Huda Nurussama Okta Karneli, Okta Parni, Parni Pikir Wisnu Wijayanto Pirmanta Sebayang Raden Ayu Trisnayoni Rafika Nisa Rahma Helal Al_ Jbour Rahmat Shodiqin Rani Noeraeni Reihan Putri Rengga Yudha Santoso Rerin Maulinda Reza, Heru Kreshna Rezkiyah Hoesny Ridwan Rieneke Ryke Kalalo Rina Destiana Rinda Riztya Risnawati Risnawati Risqah Amaliah Kasman Riyadatul Muthmainnah Riyanti, Apriani Romadhon Rosdiana Rosdiana Rosdiana Saefrudin Samsidar Sari Mariahma Nova Sipayung Septina Elida Setyawan, Antonius Ary Setyo Wibowo, Edy Shofia Yunus Manginte Shohib Muslim SILVIA EKASARI Siti Indah Souisa, Wendy Sri Mulyono Subekhan, Moch. Sufia Widi Kasetyaningsih Sulistiani, Indah Suroso Suroso Syafril Barus Syahruddin Mahmud, Syahruddin Syarifuddin Syarifuddin Teguh Wibowo Teti Anggita Safitri, Teti Anggita Ulin Naini Untung Mhdiarta Upus Piatun Khodijah Utomo, Jepri Vera Aryani Wahab Wahyudin Rahman Wakhibah Dwi Khusnah Wandi Nduru, Sastra Wewis Gilang Sari Wilson Sitopu, Joni Yadi Suryadi Yahdinil Firda Nadirah Yeti Rohayati Yolanda Effendy Yoseb Boari Yupiter Mendrofa Zoni, Lapas Zulfa Zainuddin Zulvia Trinova