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Effect of Liquidity, Leverage, Company Size, Audit Committee on Financial Distress Wahyudi, Ickhsanto; Mahroji; Hanifah
JOURNAL INTELEKTUAL Vol 2 No 2 (2023): 2022-01-02-09-MERDA.pdf
Publisher : LPPM STIE PPI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61635/jin.v2i2.147

Introduction/Objectives: This paper discusses the effect of liquidity, leverage, company size, and audit committee on financial distress in the hospitality, restaurant and tourism sectors. This research is important to understand the factors that influence a company's potential financial distress. Background to the Problem: Does liquidity, leverage, company size, and audit committee contribute to financial distress? Novelty: Previous research on this topic in the hospitality, restaurant and tourism sectors in Indonesia has been limited. Research Method: This study uses multiple linear regression analysis with a sample of 90 financial statement data from 18 companies for the 2016-2020 period selected by purposive sampling techniques. Findings/Results: Simultaneously, all four independent variables had a significant effect on financial distress. Partially, only liquidity, leverage and company size have a significant effect. Conclusion: Liquidity, leverage, and company size are important factors influencing potential financial distress in the sector. The implication is that companies need to manage these three factors optimally to mitigate the risk of financial difficulties

Application of Value-Based Management in Management Accounting: Increasing Efficiency Through Technology Integration in the Industrial Era 4.0 Mahroji; Nugraha, Erik; Nugroho, Lucky; Ali, Anees Janee; Putra, Yananto Mihadi
Business, Management & Accounting Journal (BISMA) Vol. 1 No. 3 (2024): BISMA Journal November 2024
Publisher : Baca Dulu Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/bisma.v1i3.62

The application of value-based management (VBM) in modern companies faces various challenges, especially in the era of the Industrial Revolution 4.0, characterized by digitalization and advanced technology such as the Internet of Things (IoT) and Big Data. The gap phenomenon that has emerged is that many companies still have not fully utilized VBM in strategic decision-making, with more focus on short-term targets. This study aims to understand the impact of VBM on company performance and decision-making effectiveness, as well as the challenges of its implementation in the era of digitalization. The formulation of the problem includes the impact of VBM on company performance, its application in the digital era, and the challenges companies face in optimizing value-based resources. This study uses a literature review method that analyzes literature related to VBM and Resource-Based View (RBV). The results show that VBM can improve company performance by optimizing strategic resources but faces challenges in technology integration, human resources, and resistance to change. The implications of this study show the importance of investment in technology and internal capability development to support the implementation of VBM. The latest of this research lies in the discussion related to management accounting, which combines VBM with digital technology to create long-term value for the company.

Geopolitical Conflict and Indonesia’s Economic Stability Melzatia, Shinta; Mahroji; Apollo; Zahri, Adli
Jurnal Lemhannas RI Vol 12 No 4 (2024)
Publisher : Lembaga Ketahanan Nasional Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55960/jlri.v12i4.1132

Purpose: This study analyses the role of the maqasid sharia in guiding the digitalisation of the Islamic economy to strengthen justice, sustainability, and the economic resilience of the ummah, while linking it to the Astagatra framework as the foundation of national resilience. Study Design/Methodology/Approach: This study uses a descriptive qualitative method with content analysis of the latest academic literature on digitalisation, Islamic economics, maqasid sharia, and national resilience. The study is guided by the TSR as a normative foundation and the Dynamic Capability Theory as an adaptive foundation. Findings: The findings indicate that fiscal discipline, export market diversification, and strengthening foreign exchange reserves are key strategies for mitigating external pressures. In addition, strict fiscal oversight and enforcement of public governance is crucial in preventing the erosion of the economic structure due to potential corruption. The theoretical implications of this study enrich the perspective of Prospect Theory by emphasising how risk perception and government decision-making shape the direction of macroeconomic policy. From a practical perspective, the findings provide a reference for policymakers to formulate anticipatory strategies against geopolitical shocks. The policy implications underscore the importance of striking a balance between short-term stability and sustainable development. Originality/Value: This study presents an integrative framework between the maqasid sharia, TSR, dynamic capabilities, and Astagatra, which is still rarely explored. Practical contributions lie in emphasising the measurement of sustainable use and accountable governance so that digitalisation supports community economic resilience and equitable national development.

Digitalisation of Islamic Economy and Maqasid Sharia for Social Resilience and Welfare Melzatia, Shinta; Mahroji; Kup Yanto Setiono; Eko Daryanto
Jurnal Lemhannas RI Vol 13 No 1 (2025)
Publisher : Lembaga Ketahanan Nasional Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55960/jlri.v13i1.1153

Purpose: This study analyses the role of the maqasid sharia in guiding the digitalisation of the Islamic economy to strengthen justice, sustainability, and the economic resilience of the ummah, while linking it to the Astagatra framework as the foundation of national resilience. Study Design/Methodology/Approach: This study uses a descriptive qualitative method with content analysis of the latest academic literature on digitalisation, Islamic economics, maqasid sharia, and national resilience. The study is guided by the TSR as a normative foundation and the Dynamic Capability Theory as an adaptive foundation. Findings: Digitalisation strengthens Islamic financial inclusion, social legitimacy, and sustainable development when grounded in the maqasid sharia. TSR emphasises the integration of spiritual values into technological innovation, while dynamic capabilities explain the adaptive capacity of Islamic financial institutions to face disruption in the VUCA era. The integration of Astagatra demonstrates the strengthening of the ideological, economic, socio-cultural, and defence and security dimensions. Originality/Value: This study presents an integrative framework between the maqasid sharia, TSR, dynamic capabilities, and Astagatra, which is still rarely explored. Practical contributions lie in emphasising the measurement of sustainable use and accountable governance so that digitalisation supports community economic resilience and equitable national development.

Pengaruh, Modal Kerja, Ukuran Perusahaan, Struktur Modal, dan Pertumbuhan Perusahaan, terhadap Profitabilitas Perusahaan Mochammad Rifqi Rabani; Mahroji
Reslaj: Religion Education Social Laa Roiba Journal Vol. 6 No. 4 (2024): Reslaj: Religion Education Social Laa Roiba Journal
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/reslaj.v6i4.1766

The profitability of a company, measured through Return On Assets (ROA), indicates the company's ability to effectively generate profits from its asset utilization. This research aims to investigate the impact of working capital, firm size, capital structure, and firm growth on profitability. In this study, 12 companies were selected using purposive sampling method, and a total of 60 objects studied were profitable companies during the period from 2019 to 2022. Secondary data in the form of financial reports obtained from the website www.idx.co.id were used. Regression analysis using SPSS software was employed to measure the data. The results of the study indicate that working capital, firm size, and capital structure have a significant influence on profitability, while firm growth does not. The Adjusted R Square value demonstrates that working capital, firm size, capital structure, and firm growth explain a substantial portion of the variation in profitability, while the remaining portion is influenced by other factors beyond the scope of this study. A strong profitability of a company will instill trust from the public and investors to invest in the company.

Pengaruh Ukuran Perusahaan, Non Performing Loan, Loan Deposit Ratio, Profitabilitas terhadap Nilai Perusahaan Yogi Rakha Pranolo; Mahroji
Reslaj: Religion Education Social Laa Roiba Journal Vol. 6 No. 4 (2024): Reslaj: Religion Education Social Laa Roiba Journal
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/reslaj.v6i4.1799

The purpose of this study is to analyse the impact of standard banking financial reporting on business value from 2019 to 2022 in relation to profitability, non-performing loans, firm size, and the loan-deposit ratio. Using purposive selection criteria, ten firms were chosen for the research, and forty data samples were examined. Secondary data includes financial information sourced from www.ojk.go.id. Various SPSS research techniques, such as logistic regression analysis, as well as conventional assumption tests and multiple regression analysis models, were used to examine the data. These variables are shown by the study findings. A company's worth is negatively affected by its loan-to-savings ratio and positively affected by its size. To be more precise, NPL and ROA do not impact the value of a firm. Having knowledge about the company's accomplishments and present state will increase faith in the company's principles. Consequently, investors are eager to put their money into this company.

Pengaruh Likuiditas, Leverage, Profitabilitas Terhadap Financial Distress Ade Kurniawan Sofyan; Mahroji
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 5 No. 12 (2024): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v5i12.5588

Financial Distress describes a significant and continuous decline in a company's financial performance which, if left unchecked, will result in bankruptcy. The main objective of this research is to determine the effect of liquidity, leverage and profitability on financial distress. This research was conducted on property and real estate companies for the 2021–2023 period. A total of 73 companies were selected as samples in collecting data for this research. The relationship between the dependent variable and the independent variables was analyzed using logistic regression. The results of the analysis show that liquidity and profitability have a significant effect on financial distress in a negative direction, while leverage has a significant effect on financial distress in a positive direction. It is hoped that future research can expand the research object and compare various measurement techniques to provide a more comprehensive picture. It is hoped that the results of this research will be useful for stakeholders, especially creditors and investors, in making decisions regarding funding and investment.

Pengaruh Struktur Modal dan Likuiditas Terhadap Profitabilitas Bank Konvensional yang Terdaftar pada Bursa Efek Indonesia Ju Shandra; Mahroji
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 9 (2024): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v6i9.4661

This study aims to investigate the relationship between capital structure and liquidity with profitability of conventional banks in Indonesia. This analysis uses secondary data from 24 banks listed on the Indonesia Stock Exchange between 2021 and 2023. The analytical approach used includes multiple linear regression with classical assumption tests and hypothesis testing. The findings show that while capital structure has a significant positive impact on profitability, liquidity has no impact on profitability. The limitation of this study lies in the differences in the results of financial ratio analysis which may be influenced by variations in calculation methods. This study suggests that banking companies should pay attention to capital structure management to improve profitability. The contribution of this study lies in providing insights that can be used by bank managers and researchers in making strategic decisions related to capital structure and liquidity. Further research is expected to consider more comprehensive data as well as more standardized methods to improve the accuracy of the research results.

Pengaruh Sustainability Reporting dan Good Corporate Governance terhadap Financial Performance Diva Alamdqiyah; Mahroji
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 9 (2024): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v6i9.4779

This research aims to explore the relationship between sustainability and good corporate governance (GCG) on the financial performance of energy and basic materials sector companies listed on the Indonesia Stock Exchange (BEI) from 2020 to 2022. In this research there are 21 companies that have been selected using purposive sampling criteria with a total of 63 data populations studied during the research period. The data used uses secondary data in the form of financial reports and sustainability reports obtained from the official websites of each company as well as on the website www.ojk.co.id. To analyze the data, use descriptive analysis, with classic assumption tests such as data normality tests, multicollinearity, autocorrelation, heteroscedasticity and hypothesis tests such as the simultaneous/f test to the partial/t test with multiple linear regression analysis methods which are used to see the influence of the independent variable sustainability and corporate governance. The research found that there is a positive and significant relationship between sustainability disclosure and company financial performance, either simultaneously or partially. Companies that are more active in disclosing sustainability-related information tend to have better financial performance, as this attracts more attention from stakeholders, including investors and customers. Using stakeholder theory and agency theory approaches, this research investigates how the implementation of sustainability and good corporate governance (GCG) affects company profitability.

Pengaruh Likuiditas, Leverage, Profitabilitas Terhadap Financial Distress Ade Kurniawan Sofyan; Mahroji
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 5 No. 12 (2024): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v5i12.5588

Financial Distress describes a significant and continuous decline in a company's financial performance which, if left unchecked, will result in bankruptcy. The main objective of this research is to determine the effect of liquidity, leverage and profitability on financial distress. This research was conducted on property and real estate companies for the 2021–2023 period. A total of 73 companies were selected as samples in collecting data for this research. The relationship between the dependent variable and the independent variables was analyzed using logistic regression. The results of the analysis show that liquidity and profitability have a significant effect on financial distress in a negative direction, while leverage has a significant effect on financial distress in a positive direction. It is hoped that future research can expand the research object and compare various measurement techniques to provide a more comprehensive picture. It is hoped that the results of this research will be useful for stakeholders, especially creditors and investors, in making decisions regarding funding and investment.

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