Sholikha, Akhris Fuadatis
Fakultas Ekonomi Dan Bisnis Islam (FEBI), Institut Agama Islam Negeri (IAIN) Purwokerto

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Journal : Wealth: Journal of Islamic Banking and Finance

Comparative Analysis of Financial Distress Risk in Sharia Foreign Exchange Bank and Non-Foreign Exchange Sharia Bank in Indonesia in 2014-2018 Using the Method Altman Z-Score Modification Cindi Yayang Safitri; Sholikha, Akhris Fuadatis
Wealth: Journal of Islamic Banking and Finance Vol. 1 No. 2 (2022)
Publisher : Faculty of Islamic Economics and Business, UIN Prof. K. H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/wealth.v1i2.7005

Abstract

This study aims to perform a comparative analysis of predictions of financial distress at Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks. This study uses the Modified Altman Z-score model to explain the prediction of financial distress at Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks, then the Mann-Whitney U Test is used to show a comparative analysis of the Altman Z-score value. Data used in This research is time series data, data from 2014 to 2018. The data is obtained from the publication of each website of the Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks. Sampling technique in research uses a purposive sampling method. This study uses a sample of as many as 4 Sharia Foreign Exchange Banks and 4 Non-Foreign Exchange Sharia Banks. The results showed that based on the calculation of the level of risk financial distress carried out at Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks in 2014 to 2018, can be concluded that no bank predicting to experience financial distress. Average The Z-score value of the two groups of Islamic Commercial Banks is above the cut value off the risk of financial distress. The results of the comparison of financial distress risk between Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks on the calculation of the Z-score and Test Mann-Whitney U test shows that there is no difference in the risk of financial distress between Sharia Foreign Exchange Banks and Non-Foreign Exchange Sharia Banks as evidenced by: The significance value is more significant than 0.025, which is 0.685.
Succession Planning For Family Business Sustainability Fadlilah, Lilik Tanwirotul; Sholikha, Akhris Fuadatis; Muarrifah, Safrina; Mubarok, Husni; Lesmana, Hendra
Wealth: Journal of Islamic Banking and Finance Vol. 3 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, UIN Prof. K. H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/wealth.v3i2.12604

Abstract

Although family businesses play a big part in Indonesia's economy, many of them do not continue into the next generation. Family businesses have several challenges, namely the lack of awareness regarding the importance of sustainability, the existence of myths related to differences in the successor generation also determines the sustainability of the business so that the existence of succession is a phenomenon of changing generations where the sustainability of the family business will be left to the sustainability of the company that guarantees it. This study examines the effect of succession planning on family business sustainability, with a focus on MSMEs in the Banyumas and Tegal regions. Quantitative methods were used to analyze data obtained through questionnaires from business owners. The simple regression results show, with an independent variable contribution of 86.9% to explain family business sustainability. This means that succession planning significantly improves the sustainability of businesses the variability of sustainability can be explained by 86.9% by succession planning. This study emphasizes the importance of education and training for the next generation as well as transparency in communication between owners and successors. The findings are expected to be a reference in passing on the family business with careful planning to ensure business sustainability. Suggestions for future research include expanding the scope of the business and using more varied research methods.