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CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE
Published by Transpublika Publisher
ISSN : 2809848X     EISSN : 28098226     DOI : https://doi.org/10.55047/cashflow
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE main objectives is to establish an effective channel of communication between stakeholders including academic and research institution, businesses, governments and communities. It also aims to promote and disseminate the research finding in the development of management, accounting, and economic theories and practices. This CASHFLOW Journal provides wider range of scope on the area of management, accounting, and economic which is not limited on general practices but also on the issues of Sharia Economics, History of Islamic Economic Thought, Islamic Law, Local Wisdom in Sharia Economic Perspective, and others related to sharia economics.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 12 Documents
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Search results for , issue "Vol. 4 No. 1 (2024): OCTOBER" : 12 Documents clear
The Influence of Murabaha Financing Funds on the Business Development of Rizky Prima Sejahtera KSPPS Members Davfa, Muhamad Indra; Retnosari, Retnosari
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1436

Abstract

One of the service products offered by KSPPS Rizky Prima Sejahtera is a sale- purchase financing contract based on murabahah. Murabahah is a financing contract for the sale and purchase of goods at the original price (acquisition price) with additional profit (margin) agreed by both parties (seller and buyer). The goal of this research is to examine how the murabahah financing provided by Rizky Prima Sejahtera KSPPS impacts the growth of the businesses belonging to its members. By cooperating with KSPPS through murabahah financing, people who lack capital can develop their micro businesses. The authors utilized qualitative research methods to gather information, including conducting interviews, reviewing documents, studying literature, and employing descriptive analysis techniques in their data analysis. Also, based on the results of the study, it shows that the murabahah financing fund has a positive effect on the business development of MSME members of KSPPS Rizky Prima Sejahtera.
Analysis of Quick Ratio, Return on Assets, and Company Size in Pulp and Paper Companies Mursalini, Wahyu Indah; Afniyeni, Afniyeni; Santika, Mutiara Dwi
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1466

Abstract

This research aims to analyze the influence of the Quick Ratio and Return on Assets on company size in the Pulp and Paper industry sector on the Indonesian Stock Exchange over a five-year period from 2017 to 2022. The study included 8 samples taken from 9 various groups of companies within the pulp and paper sub-sector listed on the IDX during the specified timeframe. The research utilized purposive sampling for data collection. The analysis involved classical assumption testing, coefficient of determination test (R²), multiple linear regression, and hypothesis testing. The research results show that partially the Quick Ratio has no significant effect on Company Size. Meanwhile, Return on Assets has no significant effect on Company Size. After conducting the F test to analyze the third hypothesis, it was determined that the f value of 7.711 is greater than the f table of 3.209. Additionally, the significance value of 0.001 is less than the pre-determined alpha level of 0.05. This suggests that there is a significant impact of the independent variable on the dependent variable, namely the Quick Ratio and Return on Assets which together have an effect significant to Company Size. In this research, the Quick Ratio and Return on Asset variables can only explain 25.5% of company size according to the results of the coefficient of determination (R²) test, so the closeness of the dependent and independent variables is low. Meanwhile, the remaining 74.55% is influenced by other variables outside the model discussed in this research.
Analysis of Debt to Asset Ratio and Debt to Equity Ratio on Return on Assets in Hotel, Restaurant, and Tourism Sub-Sector Companies Listed on the Indonesian Stock Exchange Mursalini, Wahyu Indah; Sriyanti, Esi; Septiana, Sherli
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1485

Abstract

The purpose of this study is to investigate the influence of debt-to-asset and debt-to-equity ratios on the return on assets of companies operating in the hotel, restaurant, and tourism sector that are publicly traded on the Indonesia Stock Exchange between 2020 and 2023. Using a sample of 88 data from 22 businesses in this subsector, the methodology used is a quantitative approach with correlation analysis. Literature review and documentation were used for data collection, while multiple linear regression, descriptive statistical tests, and hypothesis testing were used for data analysis. With a value of t-value -3.384 > t-table 1.987 and Sig. 0.001 < 0.05, so the research findings show that the Debt to Assets Ratio (X1) variable has a partial influence on Return on Assets (Y). Apart from that, if t-value 6.468 > t-table 1.987 and Sig. 0.016 < 0.05, then the Debt-to-Equity Ratio (X2) also influences Return on Assets (Y). These two factors simultaneously influence Return on Assets (Y), with Sig. 0.000 < 0.05 and f-value 22.010 > f-table 3.10. During the 2020–2023 period, the hotel, restaurant and tourism subsectors listed on the Indonesia Stock Exchange experienced a combined impact of 34.1% from the Debt to Assets Ratio (X1) and Debt to Equity Ratio (X2) on Return on Assets (Y).
The Role of Islamic Loans in Advancing Financial Inclusion and Socio-Economic Development Hassan, Ramzi Abdullah Ahmed
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1497

Abstract

This study explores the role of loans in Islam in fostering financial inclusion and addressing various economic and social challenges, particularly in Muslim-majority countries. By adopting a comparative research methodology, the research evaluates how Islamic loans differ from conventional financial instruments in promoting inclusive economic growth, alleviating poverty, and supporting community development. It investigates the challenges of Islamic loans, including accessibility, regulatory constraints, and cultural perceptions, while also exploring the potential benefits and limitations. Additionally, the study highlights the significant role of Islamic financial literacy in enhancing financial inclusion, focusing on how well-informed communities can better utilize Islamic financial services. The paper underscores the importance of Islamic finance, including tools like microfinance, zakat, and risk-sharing contracts, in contributing to poverty reduction, wealth redistribution, and overall economic stability. Through this analysis, the study presents a comprehensive understanding of how Islamic finance can serve as a powerful tool for sustainable economic development and financial inclusion.
Financial Report Analysis as a Basis for Assessing Franchise Companies Listed on the Indonesia Stock Exchange: (Case Study of PT. Hero Supermarket Tbk and PT Midi Utama Indonesia Tbk for the 2021-2023 Period) Ajitama, Ombih; Mardiani, Isni; Wahono, Puji; Pahala, Indra
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1498

Abstract

The escalating number of franchise outlets in the current business landscape has triggered fierce rivalry among business owners. An effective way to reach a company's objectives is by evaluating its financial performance. To assess a company's performance, one can compare its ratios with those of similar companies. This research focused on public franchise companies like PT Hero Supermarket Tbk and PT Midi Utama Indonesia Tbk to determine which firm excels in terms of financial performance. Qualitative data, comprising company profiles and financial reports from 2021-2023, was utilized in this study. Secondary data, such as financial reports from 2021-2023 acquired from the Indonesia Stock Exchange (www.idx.co.id), were analyzed. A quantitative analysis was conducted on the balance sheet and income statement of the two companies. Liquidity ratios (Quick Ratio, Current Ratio), solvency ratios (DAR, DER), and profitability ratios (Net Profit Margin, ROA, ROE) were utilized in the analysis. Results indicated that the liquidity ratios of both companies fluctuated due to an increase in liabilities, surpassing current assets. Solvency ratios exhibited fluctuations caused by rising total debt, assets, and equity. Profitability ratios witnessed a decline in net profit due to higher costs of goods sold incurred by the company.  
Analysis of Foreign Ownership on Tax Avoidance Mardiani, Isni; Ajitama, Ombih; Pahala, Indra; Wahono, Puji
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1520

Abstract

Economic globalization has driven the flow of foreign direct investment (FDI) to various developing countries including Indonesia. Increasing foreign ownership in domestic companies has brought positive impacts such as job creation, technology transfer, and increased global competitiveness. However, on the other hand, there are concerns that foreign ownership in companies can also increase tax avoidance practices. Businesses with overseas ownership frequently exploit gaps in tax laws across different countries due to their access to global networks and additional resources. Research on a specific sample revealed that foreign ownership tends to have a detrimental impact on tax evasion. However, there are conflicting studies that suggest a positive or neutral outcome. This indicates that the level of tax evasion within a company is heavily influenced by its internal and external policies, as well as the various market environments it operates in.
Hajj and Umrah Savings Financing: Study of Financing Model at PT Hannan Nusantara in the Perspective of Maqashid Sharia Mawardi, Imam; Rahmatika, Arivatu Ni'mati
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1534

Abstract

Indonesian people have a very high desire to perform worship and use Hajj and Umrah savings financing through a travel company, namely PT Hannan Nusantara. The goal of this paper is to examine the phenomenon of Hajj and Umrah financing, focusing on its alignment with maqashid sharia (the objectives of Islamic law) and maslahah mursalah (public benefit). This study uses a qualitative research method, namely research that produces findings without using statistical calculation procedures in analysis, in conducting qualitative research with a case study approach. The results of this study are There is no guarantee for participants so that financing problems that occur will harm one party, both the Institution and the participants. There is no responsibility for participants after death, because in the principles of Islamic economics, the heirs of the Hajj and Umrah pilgrims are responsible, then there is a misuse of PMA regulation number 8 of 2018 which should have taken the loan funds from A. Partners or Financial Institutions, but in this case PT Hannan Nusantara acquired the Hajj Savings Institution, ownership of PT Hannan Nusantara.
Dynamics of Intergenerational Poverty Transfer: The Impact of Poverty Levels, Education Levels, and Minimum Wages in West Sumatra Suwatri, Meriska; Bachtiar, Nasri
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1539

Abstract

Intergenerational poverty is a complex issue involving various factors, including education, unemployment, and minimum wages.  This study analyzes the impact of education levels, unemployment rates, and minimum wages on poverty rates in West Sumatra using multiple linear regression models. Secondary data from the Central Statistics Agency (BPS) and the Ministry of Finance during the period of 2021-2023 were used to analyze 19 districts/cities in West Sumatra. The results indicate that education levels and minimum wages significantly affect the reduction of poverty rates, while unemployment rates contribute positively to increasing poverty. This study provides policy recommendations to enhance the quality of education and adjust minimum wages to break the intergenerational poverty cycle in the region.
The Influence of Human Resource Quality and Motivation on Work Productivity at Daycare Al Muhajirin Rewwin Fransisca Wati, Dinda; Hidayat, Rahmat
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1548

Abstract

This study aims to analyze the influence of human resource (HR) quality and motivation on work productivity at Al Muhajirin Rewwin Daycare. The research adopts a quantitative approach with a survey design. Data were collected using a Likert-scale-based questionnaire completed by 50 parents of daycare children as respondents. The data were analyzed using Structural Equation Modeling Partial Least Squares (SEM PLS). The findings reveal that HR quality, measured through indicators of competence and expertise, and motivation, assessed through indicators of dedication, enthusiasm, and professionalism, significantly affect work productivity, measured by indicators of efficiency, effectiveness, and work outcomes. These results emphasize the importance of HR quality and motivation in creating a productive work environment in the early childhood education service sector. This study provides theoretical contributions to understanding the relationship between HR quality, motivation, and work productivity, particularly in the daycare context. Additionally, it offers practical recommendations for daycare managers to enhance HR quality and motivation through training programs, competency development, and fostering a work culture that promotes professionalism. The implications of this research are not only relevant to Al Muhajirin Daycare but also serve as a reference for other daycare operators aiming to improve work productivity through more effective and strategic HR management.
The Influence of Service Quality and Product Quality on Customer Satisfaction at the D'beauty House Beauty Clinic Maulidiningsih, Fauziyyah; Hidayat, Rahmat
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1555

Abstract

This research aims to analyze the influence of service quality and product quality on customer satisfaction at the D'Beauty House Clinic, Bogor. This research uses quantitative methods with the Partial Least Squares - Structural Equation Modeling (PLS-SEM) approach. Respondents consisted of 60 customers selected using purposive sampling techniques. Data was collected through a 5-point Likert scale-based questionnaire. The research results show that service quality has a positive and significant influence on customer satisfaction with a coefficient value of 0.476 and a p-value of 0.001. Product quality also has a positive and significant influence on customer satisfaction with a coefficient value of 0.354 and a p-value of 0.027. Apart from that, service quality has a more dominant influence than product quality. The R-square value of 0.633 indicates that service quality and product quality together explain 63.3% of the variation in customer satisfaction. These findings emphasize the importance of synergy between responsive service quality and reliable products to increase customer satisfaction. D'Beauty House Clinic is advised to improve employee training, product innovation and customer feedback management in order to maintain competitiveness in the competitive beauty industry. This research contributes to the literature regarding service quality, product quality, and customer satisfaction in the context of beauty clinics.

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