Garuda - Garba Rujukan Digital

Comparative analysis of financial performance in the tourism industry before and during the COVID-19 virus outbreak Subing, Hesty Juni Tambuati; Nugroho, Randhy; Lapae, Kanaya
Jurnal Manajemen Vol 21 No 1 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STEI) Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36406/jam.v21i1.1437

This research seeks to conduct a comparative analysis of the financial performance among companies within the tourism industry sector, restaurants, and hotels listed on the IDX as measured by financial ratios (CR, DER, ROE, TATO) and Stock Price. Employing a quantitative research approach, the study utilized secondary data collected from quarterly financial reports spanning from 2018 to the quarter of 2021. The sampling method was purposive, with seven companies included in the study. The normality test was conducted using the Kolmogorov-Smirnov method; it was determined that the dataset did not exhibit a normal distribution, so the non-parametric Wilcoxon signed-rank test was used. The study's findings indicate that the CR and DER did not exhibit significant differences before and during the Covid-19 virus outbreak. Conversely, ROE, TATO, and Stock Prices demonstrated notable differences before and during the Covid-19.

Dividend Policy as a Moderating Variable on the Effect of SIZE, Debt Policy, and Profitability on Stock Returns Apriansyah, Poni Melati; Subing, Hesty Juni Tambuati; Sari, Imelda; Nugroho, Randhy
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2715

Currently the economy in Indonesia is developing rapidly. Indonesia's economic growth in 2021 will also improve. The goal of investors investing in a company is to obtain returns. Then, there are several factors that influence stock returns, including company size, debt policy and profitability. This research aims to examine the influence of Company Size, Debt Policy and Profitability on Stock Returns with Dividend Policy as a moderating variable in non-financial companies included in the LQ45 stock index on the Indonesia Stock Exchange (BEI) for the 2017-2022 period. The sample for this company was 18 companies using the purposive sampling method. The analytical method used is multiple linear regression techniques and Moderated Regression Analysis (MRA) testing using the SPSS version 29.0 application. The research results show that company size has a significant effect on stock returns. Debt policy and profitability have no significant effect on stock returns. Dividend policy can moderate company size on stock returns. However, dividend policy does not moderate debt policy and profitability on stock returns.

E-Commerce and Ethical Business Practices: The Role of DSN-MUI Fatwa Nugroho, Randhy; Nurhayati, Ely
Share: Jurnal Ekonomi dan Keuangan Islam Vol 14, No 1 (2025): IN PROGRESS
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.23296

In light of the rapid expansion of e-commerce, this study critically examines the role of the National Sharia Board-Indonesian Council of Ulama (DSN-MUI) fatwas (No. 144 and 146) in fostering ethical business practices within online marketplaces. With the ongoing digital transformation, aligning business practices with Islamic ethical standards has become increasingly critical. This research critically evaluates the practical implementation of Sharia-compliant consignment contracts on two leading platforms, Shopee and Tokopedia, using a document analysis approach. Findings indicate that current consignment contracts largely comply with DSN-MUI guidelines despite the absence of explicit contractual formulations. Furthermore, both Shopee and Tokopedia have implemented preventive and corrective mechanisms to deter prohibited transactions, such as tadlis (concealment of defects) and ghisy (quality mismatch). However, a notable gap exists in measures addressing tanajusy (demand engineering) transactions. The study suggests that issuing additional fatwas specifically targeting tanajusy transactions, along with adopting Islamic compliance labeling, could further strengthen the ethical framework of the e-commerce sector.========================================================================================================ABSTRAK - E-Commerce dan Praktik Bisnis Beretika: Peran Fatwa DSN-MUI. Seiring dengan pertumbuhan e-commerce yang pesat, kebutuhan untuk menyelaraskan praktik bisnis dengan standar etika Islam semakin mendesak. Penelitian ini mengkaji peran fatwa DSN-MUI (No.144 dan 146) dalam mendorong perilaku bisnis beretika di platform ritel daring. Penelitian ini secara kritis mengevaluasi implementasi kontrak konsinyasi pada dua platform e-commerce terkemuka, yaitu Shopee dan Tokopedia. dan menganalisis kesesuaiannya dengan prinsip-prinsip syariah. Dengan menggunakan pendekatan analisis dokumen, penelitian ini menguji kesesuaian praktik kontraktual dengan kedua fatwa DSN-MUI tersebut. Hasil kajian menunjukkan bahwa pelaksanaan kontrak konsinyasi saat ini secara substansial telah memenuhi persyaratan DSN-MUI meskipun tidak ada formulasi kontrak eksplisit. Selain itu, kedua platform telah menerapkan mekanisme preventif dan korektif untuk mencegah transaksi terlarang seperti tadlis (penyembunyian cacat) dan ghisy (ketidaksesuaian kualitas). Namun, penelitian juga mengungkapkan adanya kekurangan dalam mekanisme yang mengatasi transaksi tanajusy (rekayasa permintaan). Penelitian ini menyarankan untuk penerbitan fatwa tambahan yang khusus mengatur transaksi tanajusy, serta penerapan label kepatuhan syariah, sehingga dapat memperkuat iklim etis di sektor e-commerce.

Dividend Policy as a Moderating Variable on the Effect of SIZE, Debt Policy, and Profitability on Stock Returns Apriansyah, Poni Melati; Subing, Hesty Juni Tambuati; Sari, Imelda; Nugroho, Randhy
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2715

Currently the economy in Indonesia is developing rapidly. Indonesia's economic growth in 2021 will also improve. The goal of investors investing in a company is to obtain returns. Then, there are several factors that influence stock returns, including company size, debt policy and profitability. This research aims to examine the influence of Company Size, Debt Policy and Profitability on Stock Returns with Dividend Policy as a moderating variable in non-financial companies included in the LQ45 stock index on the Indonesia Stock Exchange (BEI) for the 2017-2022 period. The sample for this company was 18 companies using the purposive sampling method. The analytical method used is multiple linear regression techniques and Moderated Regression Analysis (MRA) testing using the SPSS version 29.0 application. The research results show that company size has a significant effect on stock returns. Debt policy and profitability have no significant effect on stock returns. Dividend policy can moderate company size on stock returns. However, dividend policy does not moderate debt policy and profitability on stock returns.

E-Commerce and Ethical Business Practices: The Role of DSN-MUI Fatwa Nugroho, Randhy; Nurhayati, Ely
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.23296

In light of the rapid expansion of e-commerce, this study critically examines the role of the National Sharia Board-Indonesian Council of Ulama (DSN-MUI) fatwas (No. 144 and 146) in fostering ethical business practices within online marketplaces. With the ongoing digital transformation, aligning business practices with Islamic ethical standards has become increasingly critical. This research critically evaluates the practical implementation of Sharia-compliant consignment contracts on two leading platforms, Shopee and Tokopedia, using a document analysis approach. Findings indicate that current consignment contracts largely comply with DSN-MUI guidelines despite the absence of explicit contractual formulations. Furthermore, both Shopee and Tokopedia have implemented preventive and corrective mechanisms to deter prohibited transactions, such as tadlis (concealment of defects) and ghisy (quality mismatch). However, a notable gap exists in measures addressing tanajusy (demand engineering) transactions. The study suggests that issuing additional fatwas specifically targeting tanajusy transactions, along with adopting Islamic compliance labeling, could further strengthen the ethical framework of the e-commerce sector.========================================================================================================ABSTRAK - E-Commerce dan Praktik Bisnis Beretika: Peran Fatwa DSN-MUI. Seiring dengan pertumbuhan e-commerce yang pesat, kebutuhan untuk menyelaraskan praktik bisnis dengan standar etika Islam semakin mendesak. Penelitian ini mengkaji peran fatwa DSN-MUI (No.144 dan 146) dalam mendorong perilaku bisnis beretika di platform ritel daring. Penelitian ini secara kritis mengevaluasi implementasi kontrak konsinyasi pada dua platform e-commerce terkemuka, yaitu Shopee dan Tokopedia. dan menganalisis kesesuaiannya dengan prinsip-prinsip syariah. Dengan menggunakan pendekatan analisis dokumen, penelitian ini menguji kesesuaian praktik kontraktual dengan kedua fatwa DSN-MUI tersebut. Hasil kajian menunjukkan bahwa pelaksanaan kontrak konsinyasi saat ini secara substansial telah memenuhi persyaratan DSN-MUI meskipun tidak ada formulasi kontrak eksplisit. Selain itu, kedua platform telah menerapkan mekanisme preventif dan korektif untuk mencegah transaksi terlarang seperti tadlis (penyembunyian cacat) dan ghisy (ketidaksesuaian kualitas). Namun, penelitian juga mengungkapkan adanya kekurangan dalam mekanisme yang mengatasi transaksi tanajusy (rekayasa permintaan). Penelitian ini menyarankan untuk penerbitan fatwa tambahan yang khusus mengatur transaksi tanajusy, serta penerapan label kepatuhan syariah, sehingga dapat memperkuat iklim etis di sektor e-commerce.

Model Penguatan Penyaluran Zakat kepada Usaha Ultra Mikro melalui Pelatihan dan Pendampingan: Model for Strengthening Zakat Distribution to Ultra Micro Enterprises through Training and Mentoring Setianingrum, Any; Deviastry, Lily; Nugroho, Randhy
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 9 No. 9 (2024): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v9i9.7391

The distribution of zakat to ultra-micro (UMi) business actors, such as Mustahik (people entitled to receive zakat), faces the problem of limited assistance. The Community Service (P2M) aims to minimize failures in the distribution of zakat and ensure that it is used for productive, sustainable, and on-target businesses. The next goal is to increase the quantity and quality of UMi management. The methods used are training, follow-up assistance, monitoring, and evaluation. Partners are UMi actors who receive zakat from the Baitulmal Ummat Islam Foundation Bank Negara Indonesia (BAMUIS BNI). The result of P2M is that previously, there was no assistance in the zakat distribution model. The positive impact is that this assistance increases the accuracy of targeting zakat recipients from the UMi group. This is based on qualitative analysis from the results of interviews with UMi and BAMUIS BNI. The increase in targeting indicates that the Mustahik from UMi are based on recommendations from indigent letters from neighborhood and citizen associations, so they are not concentrated in just a few families, as was the case previously. Another improvement in the distribution model is the absence of brokers, which is often found, unavoidably, without assistance. Another significant impact is that Mustahik receives 100% of the zakat funds directly to the account concerned without any deductions. The mentoring model also equips UMi with various skills training and consultations needed daily to run a business in the era of digital competition. The training includes marketing management, halal production, hygiene, occupational health, and safety.

PENINGKATAN BRANDING PRODUK KELOMPOK TANI MUSTIKA MELALUI INOVASI SMART & ANTI-COUNTERFEIT PACKAGING Nian Gani, Ariel; Nugroho, Randhy; Rofi'i, Muhammad
Indonesian Collaboration Journal of Community Services (ICJCS) Vol. 5 No. 4 (2025): Indonesian Collaboration Journal of Community Services
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/icjcs.v5i4.222

This community service program aims to strengthen the market competitiveness of hydroponic products produced by Kelompok Tani Mustika in Kramatjati, East Jakarta, through the implementation of smart and anti-counterfeit packaging innovations. Despite having superior product quality compared to conventional produce, the group struggles to expand its market due to weak branding and the absence of packaging that provides added value and product security. The program was carried out through training, mentoring, and hands-on implementation of branding-oriented packaging design, followed by the development of smart packaging equipped with QR-based product authentication. A web application was also developed to verify product authenticity and integrated with a customer loyalty system that rewards buyers who scan the QR code during purchase validation. The results show a significant improvement in participants’ understanding of branding and packaging, supported by full adoption of smart labels on hydroponic products. This initiative has strengthened consumer confidence, enhanced brand identity, and increased product value to access higher-standard market segments such as restaurants and hotels. Dissemination through mass media and ongoing journal preparation ensures the sustainability and academic contribution of the program. Overall, this initiative successfully strengthens the digital branding capacity, product security, and business sustainability of Kelompok Tani Mustika.

Title

Found 7 Documents
Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title Search

Found 7 Documents Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title

Found 7 Documents
Search