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THE EFFECT OF GOVERNANCE ON ECONOMIC GROWTH IN ASEAN COUNTRIES -, Muhammad Mashduqi; Ahmad Ramadhan
ShariaBiz International Journal of Economics & Business Vol. 2 No. 2 (2025): ShariaBiz International Journal of Economics & Business
Publisher : Fakultas Agama Islam Universitas Islam Al-Azhar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36679/stqqj321

Abstract

This study analyzes economic growth in 11 ASEAN countries (Indonesia, Malaysia, Singapore, Philippines, Myanmar, Brunei Darussalam, Cambodia, Laos, Thailand, Vietnam, Timor Leste) for the period 2018-2022 using the panel data analysis method with the Eviews 10 application. The focus of the research is to evaluate the effect of governance on economic growth, with indicators of Political Stability, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption. Secondary data is obtained from the annual report of World Government Indicators (2023). The results showed that Political Stability, Regulatory Quality, and Control of Corruption had no significant effect on economic growth. This indicates that political stability, the government's ability to formulate policies, and regulations that support the private sector have not been able to directly influence economic growth in ASEAN countries. This research is quantitative in nature and contributes to the understanding of the relationship between governance and economic development in the ASEAN region.
ANALYSIS OF THE COMPANY'S FINANCIAL PERFORMANCE BY USING THE ECONOMIC VALUE-ADDED METHOD (EVA) ON PT BANK MUAMALAT INDONESIA TBK -, Muhammad Mashduqi; Ahmad Ramadhan
ShariaBiz International Journal of Economics & Business Vol. 2 No. 2 (2025): ShariaBiz International Journal of Economics & Business
Publisher : Fakultas Agama Islam Universitas Islam Al-Azhar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36679/m3tp7533

Abstract

This research is motivated by the serious profitability problems faced by Bank Muamalat Indonesia Tbk, this can be seen from the company's net profit which tends to decline. This will affect people's desire to become funding or landing customers, thereby reducing public interest and trust so the problem formulation in this research is how to describe the performance and assess the financial performance of PT Bank Muamalat Indonesia using the Economic Value Added (EVA) method. The aim of this research is to determine the performance description and financial performance assessment of PT Bank Muamalat Indonesia using the Economic Value Added (EVA) method. A theory regarding financial performance that contains a description of the financial conditions that will be used as a benchmark for a company. And the theory regarding the Economic Value Added (EVA) method, there are several steps in calculating EVA, namely calculating Net Operating Profit After Tax (NOPAT), Weighted Average Cost of Capital (WACC), Invested Capital (IC) and Capital Chargers (CC). This type of research is descriptive quantitative. The data collection techniques used in this research are documentation study and literature study. The population in this research is all annual financial reports at PT Bank Muamalat Indonesia, consisting of balance sheets and profit and loss reports which have been distributed on the website www.bankmuamalat.co.id for the 2016-2020 period