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All Journal Studi Akuntansi, Keuangan, dan Manajemen
Sofiana, Noor Arida
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Financial Performance Ratios and Financial Distress: CS-ARDL Panel Analysis Wahidah, Nur Rachmah; Herdesviana , Dean; Sofiana, Noor Arida; Limakrisna, Nandan
Studi Akuntansi, Keuangan, dan Manajemen Vol 5 No 3 (2026): January
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v5i3.5658

Abstract

Purpose: This study analyzes the influence of Financial Performance, Efficiency, Asset Quality, Capital Adequacy, Liquidity, and Foreign Exchange Exposure on Financial Distress in Islamic financial institutions across major Islamic countries.Methodology: A quantitative approach with panel data analysis was employed using secondary data from institutions in nine countries. The CS-ARDL technique was used to examine the short- and long-term relationships. Findings: Financial Performance, Capital Adequacy, and Liquidity have a significant negative effect on Financial Distress. In contrast, poorer Efficiency, Asset Quality, and Foreign Exchange Exposure significantly increase Financial Distress. The analysis confirms rapid adjustment to long-run equilibrium. Conclusion: This study finds that Financial Performance, Capital Adequacy, and Liquidity reduce financial distress, while Efficiency, Asset Quality, and Foreign Exchange Exposure increase it. Institutions quickly adjust to a long-run equilibrium. This study provides insights for managers and regulators and validates Financial Distress Theory in Islamic finance. However, its focus on major jurisdictions and the lack of macroeconomic factors suggest areas for further research. Limitations: The focus on major jurisdictions may limit generalizability, and the use of quarterly data might not capture more frequent distress dynamics. Macroeconomic factors were not considered. Contribution: This study offers practical insights for managers and regulators by identifying the key determinants of distress. Theoretically, this study validates the Financial Distress Theory and related frameworks within the unique context of Islamic finance.
The Role of Human Resources Practices in Enhancing Organizational Justice Sofiana, Noor Arida; Wahidah , Nur Rachmah; Herdesviana , Dean
Studi Akuntansi, Keuangan, dan Manajemen Vol 5 No 4 (2026): April
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v5i4.5834

Abstract

Purpose: This study analyzes the influence of Recruitment and Selection (R&S) and Training and Development (T&D) on organizational justice. This study examines how these fundamental human resource practices collectively shape employees' perceptions of fairness in the workplace. Methodology: A quantitative approach was employed using survey methodology. Data were analyzed using multiple regression analysis to assess both the individual and combined effects of the independent variables on Organizational Justice. Results: The findings confirm that both Recruitment & Selection and Training & Development have significant positive effects on Organizational Justice. The results demonstrate that these human resource practices collectively explain a substantial proportion of the variance in fairness perceptions among employees. Conclusions: The study concludes that systematic Recruitment & Selection processes coupled with comprehensive Training & Development programs serve as crucial mechanisms for enhancing Organizational Justice. Organizations can strengthen employees' perceptions of fairness by implementing structured approaches to staffing and providing equitable access to development opportunities. Limitations: The main limitations include the cross-sectional nature of the data, which prevents the establishment of causal relationships, and the reliance on self-reported measures from a single source. This study also used a focused set of indicators for each construct. Contributions: Theoretically, this research validates the direct linkage between core HR functions and Organizational Justice perceptions. Practically, it provides organizational leaders with evidence-based guidance for leveraging recruitment and training systems as strategic tools to foster fair work environments.
Co-Authors Herdesviana , Dean Nandan Limakrisna Wahidah, Nur Rachmah