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Majalah Ilmiah Bijak
Published by Institut Ilmu Sosial dan Manajemen STIAMI
ISSN : 14110830     EISSN : 2621749X     DOI : -
Core Subject : Economy, Humanities, Social,
Humanities Economics, Econometrics & Finance Social Sciences
The Bijak Journal is a scientific journal of Administrative Science Business, published by the Business Administration Studies Program Faculty of Administrative Sciences Institute of Social and Management Studies STIAMI. The Journal of Business Administration is published 2 (two) times a year, every March and September, which contains the results of the study of Business Administration Studies. This journal aims to disseminate the results of thought and scientific analysis in the field of Business Administration Sciences.
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Articles 12 Documents
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Search results for , issue "Vol 17, No 2: september 2020" : 12 Documents clear
Return and Risk Comparative Analysis in the Formation of Optimal Share Portfolio with Random Model, Markowitz Model, and Single Index Model Abdul Muslim
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.896

Abstract

This research was conducted to determine the composition of the stock portfolio formed by the Random model, the Markowitz model, and the Single Index model and which portfolio composition was optimal from the results of calculations using the Random model, the Markowitz model, and the Single Index model. The method used is a quantitative analysis using stock price data in the LQ45 Index group listed on the Indonesia Stock Exchange (IDX). In the first random process the results of calculating the expected return value for each share and obtained portfolio candidates can produce a total expected return of 0.2726 or 27.26%. The Markowitz method produces 14 shares that have a positive value, which means it enters into portfolio-forming shares, while the Single Index Model obtains diversified investments in the form of a portfolio of 6 shares 
The Big Data Era: What are the Implications for the World of Accounting? Rokhmat Taufiq Hidayat; Akhmad Khabibi
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.781

Abstract

In an era where information technology is developing so rapidly as it is now, contact with technology is inevitable. One that may often be heard is the use of big data. Although the development of big data has begun long before, its growth began rapidly since the Oxford Dictionary included the definition of big data in 2013. The use of big data is thought to have a big influence on the business world, and anything that influences the business world will certainly affect the world of accounting. Does the accountant anticipate these changes? In this article, the author tries to explore what allusions might occur between the world of accounting and big data. Big data will increase the complexity of the accounting world by adding unstructured data in the accounting cycle. This presents a challenge for accountants but can also provide far greater added value if accountants are able to use it well. The results of this study indicate that there are at least 3 areas in the field of accounting that are very likely to be exposed to the use of big data, namely in the process of financial accounting, managerial accounting, and auditing
Financial Management, Savings and Investment Behavior and Financial Well-Being of Working Women in the Public Sector Mohamad Fazli Sabri; T. Syahrul Reza; Rusitha Wijekoon
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1008

Abstract

Women have made an amazing progress personally, financially, and professionally however, with regards to the field of finance, an extensive effort to be done to become well performers comparing to the men. Therefore, women must begin understanding, and thinking the significance of money, savings, and its investment perspectives to overcome critical circumstances at any phase of their lives. Therefore, the major objective of this research is to investigate the relationships among financial management, savings and investment behavior, andfinancial well-being (FWB) of working women in the public sector in Malaysia. A sum of 722 respondents were selected using the multi-stage random sampling method in Malaysia. According to the financial status of working women, 39.2% felt that their assets were more than their debt, and 44.3% was said that their salary was sufficient to meet only their basic requirements. Furthermore, more than 80% of the respondents were followed good financial management practices such as, keeping updated records of the expenses, planning the expenses, doing investments monthly, keeping the loan payment on schedule, settling all the bills on time, and maintaining a savings account. Moreover, it also showed that Malaysian working women have good financial management practices which are indicated by their abilities in performing the savings and investment behaviors to manage their surplus money wisely in order to achieve higher FWB levels. Further, this study was detected some specific financial challenges that Malaysian public sector working women meet over their lifetime, and offered possible solutions for the present and future.
The Effect of Audio Visual Graphics in Perwali Implementation No 15 of 2016 on the Effectiveness of the Service Grant Recipients (Bansos) in the City of Bogor Heri Susanto; Abdul Muis Miraza
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.813

Abstract

Effective in the service is part of the duties of the State Civil Apparatus (ASN) relating to the relationship of output responsibility with the goals to be achieved. The greater the output produced from the target to be achieved, it can be said to be effective. One of the efforts to improve services by Staf Kesra dane Kemasyarakatan Setda Kota Bogor is by using the Audio Visual Graphic (AVG). The impact of improving services will provide motivation for other employees in the local government to do work more effectively and assist in the implementation of other local government programs. This research uses a quantitative approach emphasizing its analysis on numerical data (numbers) which are processed, while the type of research used is descriptive and exploratory research, that is the type of research used based on its function, then by statistical methods multiple linear regression methods note that partially Audio Visual Graphic (as variable X) which includes educational elements (X1), social (X2), economical (X3) and culture (X4), use of Audio Visual Graphic in the implementation of guardian No. 15 of 2016 only economic elements that affect the effectiveness of the service recipient of grants/social assistance at the district of Bogor, which is equal to 0.321.
“Green Destination Tourism” Reviewed from Islamic Economic Perspective (Case Study in Pulesari Yogyakarta Tourist Village) Robist Hidayat; Taufik Riza Mahendra; Intan Octavia
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.730

Abstract

Natural tourism villages usually carry the concept of "go green and back to nature." One of the tours that apply this concept is in the Pulesari village, Yogyakarta, where it carries the concept of green tourism, which is one of the "green destination tourism spots." Therefore, the idea is interesting, especially on the impact of "green destination tourism," besides the phenomenon of "halal destination tourism." The phenomenon occurs due to the Indonesian topography, especially Yogyakarta. Since it is a tropical region, and currently the development of the Islamic economy is positive, leading to researchers conducting research on "green destination tourism," which is reviewed in an Islamic economic perspective and showing that the tourism village applies Islamic economic concepts where the transaction is far from gharar (unclear matter). Thus it has a positive impact and one of the alternative choices for the development of the "tourism industry sector" in accordance with Islamic sharia of transparent transactions without additional stuff. The method used by the researcher was a qualitative method, in which the researcher conducted a survey directly to tourist attractions to do interviews.
Blue Ocean Strategy (BOS) Public Relations of Kampung Wisata Baluwarti Surakarta in Developing Village Branding Prita Suci Nurcandrani; Ade Tuti Turistiati; Sefy Andhriany; Dinda Intan Nurulina
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1007

Abstract

This study aims to analyze how the Baluwarti Surakarta Tourism Village builds village branding. The components of the formation of village branding include the physical potential of the village that is unique, natural, rare, and has the concept of community empowerment. In formulating village branding, this study uses the Blue Ocean Strategy in which competition with other tourist villages is irrelevant. The use of digital branding is also associated with the village branding business in Baluwarti Tourism Village. The research method used is descriptive qualitative and data collection techniques with direct observation to the research locus and in-depth interviews with research informants. The results of this study indicate that Surakarta's Baluwarti Tourism Village needs to have a Public Relations whose role is to optimize the role of all stakeholders in achieving village branding, especially empowering the Baluwarti community and utilizing effective and efficient communication media.
Sustainable Governance to Improve the Performance of SOEs Bank Listed on Indonesian Stock Exchange that are Classified as LQ45 Mochamad Muslih; Dahlia Banjarnahor
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1015

Abstract

Corporate governance is useful for improving company performance. Company performance can be in the form of financial performance or non-financial performance. In this digital era, the role of governance is very important. One of the elements of governance is information technology governance. The purpose of this research is to study the effect of corporate governance on the performance of the State-Owned Banks listed on the Indonesia Stock Exchange which is classified as LQ 45. The research method is quantitative method. The 3 (three) governance variables used in this study are commissioners compensation, board size, and audit committee size. The population is state-owned banking sector companies listed on the Indonesia Stock Exchange classified as LQ 45.
Model of Multi Product Classification with Regular Demand on Inventory System in a Raw Material Supply Company Tri Febrion; Joniarto Parung
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1018

Abstract

The right strategy in inventory is the main point in maintaining adequate and guaranteed supply continuity. Inventory strategies are becoming important but complex when the number of items that must be prepared is increasing. In this regard, it is necessary to analyze the product groupings in several classifications. Prioritized products receive special attention.The same problem is faced by PT PEKA, an import raw material distribution company that has nearly 2000 product items. Based on data demand is known, that the company's demand does not have a fixed pattern. Many products have regular and irregular demand, even the number of regular demand is very volatile. Companies often experience excess stock or vice versa due to lack of stock demand according to predictions, long lead times and product self-life that varies. Related to this, alternative product groupings or classifications are needed in accordance with company conditions. The company currently has frozen and unfrozen products, has items made from natural and non-natural raw materials and has a short and relatively long lead time.PT. PEKA groups products in various stages, which lead to a combination of ABC and XYZ classifications. Demand of priority items generated from the grouping is then forecast according to the model that gives the smallest MSE / MAD. Furthermore, a case study was carried out to calculate the Total Relevance Cost (TRC) from the calculation results to be compared with the real TRC. TRC according to the classification results was Rp. 1,293,370,148, - lower than the actual condition TRC, which amounted to Rp. 1,805,887,874, -
Innovation Strategy of Small Medium Enterprise (SME) Through Public-Private Partnership in Depok City Anita Maulina; Maya Puspita Dewi
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1012

Abstract

The rapid growth of SMEs in Depok City is not accompanied by the increase in the capacity of the SMEs itself, especially in terms of innovation. The limited resources that SMEs have, can be supported by the existence of public-private sector partnerships. This research is a qualitative research with data collection techniques through interviews, observation, and literature study. The results show that public-private sector partnerships in Depok City have not been successful in increasing the capacity of SMEs to innovate. This is because the partnership is limited to providing infrastructure and focuses on increasing temporary income. Therefore, the public-private sector partnership should focus on more technical assistance in increasing added value to ensure business continuity for a longer period.
Analysis of Mustahik Welfare Effect in Bandar Lampung City through Zakat Policy and Zakat Administration Indah Hermiati; Budi Puspo Priyadi; Sundarso Sundarso
Majalah Ilmiah Bijak Vol 17, No 2: september 2020
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v17i2.1011

Abstract

Poverty can cause economic inequality if it is not handled appropriately in Islam poverty is near to kufr. One strategic role as an instrument to reduce poverty and disagreement in Islam is through zakat. The research objective is to study the zakat policy and zakat administration on mustahik welfare in Bandar Lampung City. Methods of this study using a quantitative method with multiple linear regression analysis techniques. The number of research samples were 37 respondents. Based on the results of research simultaneously shows that the zakat policy and zakat administration determine the significance of welfare while partial shows the zakat policy does not significantly oppose the administration of zakat significant on welfare.

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