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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,
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.
Articles 155 Documents
ANALYSIS OF THE EFFECT OF CURRENT RATIO AND QUICK RATIO ON RETURN ON ASSETSIN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Fatwa, Nur Apriani; Nurman; Kurniawan, Agung Widhi; Anwar; Amin, Andi Mustika
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.776

Abstract

Financial analysis is vital for evaluating company performance, aiding stakeholders in making informed decisions. The Current Ratio and Quick Ratio gauge liquidity, while Return on Assets (ROA) assesses profitability. The Food and Beverage industry, encompassing diverse businesses, faces distinct challenges and opportunities due to changing consumer preferences and competition. Analyzing listed Food and Beverage companies on the Indonesian Stock Exchange provides insights into their financial strategies. This study aims to determine the impact of the Current Ratio and Quick Ratio on Return on Assets in companies within the Food and Beverage sub-sector that are listed on the Indonesian Stock Exchange. The study's population comprises Food and Beverage companies that have been listed on the Indonesian Stock Exchange from 2017 to 2021. A total of 12 companies were selected for observation and data analysis. The collected data underwent tests for Normality, Multicollinearity, and Heteroscedasticity. The analysis employed multiple linear techniques. The findings revealed that the Current Ratio has a positive and significant influence on Return on Assets (ROA), while the Quick Ratio has a negative and insignificant impact on Return on Assets (ROA). Additionally, both the Current Ratio and Quick Ratio, when considered simultaneously, exert an influence on Return on Assets (ROA).
THE EFFECT OF RETURN ON EQUITY AND DEBT TO EQUITY RATIO ON SHARIA STOCK RETURN WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE Ramadhanti, Tiara Zulfina; Mardi; Ulupui, I.G.K.A
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.777

Abstract

Before making an investment, an investor must seek as much information as possible from the intended company so that the investment can provide a high return. This activity can be done with fundamental analysis. This study aims to determine the effect of Return on Equity and Debt to Equity Ratio on Sharia Stock Returns with Institutional Ownership as Moderating Variables. The study used a quantitative approach with multiple linear regression analysis and moderated regression analysis using Eviews version 12 software. The population in this study were companies registered on the Jakarta Islamic Index (JII) 70 in 2022 and the sample used was 44 companies using a purposive sampling technique. The results of this study indicate that ROE has a significant positive effect on sharia stock returns because the higher the ROE value, the sharia stock return value also increases. Then, DER has a significant negative effect on sharia stock returns because the higher the DER value, the sharia stock return value will decrease. Institutional ownership weakens the effect of ROE on sharia stock returns because strong control can make many decisions regarding company finances which can reduce the amount of profit and the composition of the company's shares/equity. Institutional ownership does not moderate the effect of DER on sharia stock returns because companies with high institutional ownership are unable to convince investors of the company's performance in managing its debt.
THE INFLUENCE OF ISLAMIC CORPORATE GOVERNANCE (ICG), COMPANY SIZE, AND LEVERAGE (DAR) ON FINANCIAL PERFORMANCE (ROA) IN SHARIA PEOPLE'S FINANCING BANKS IN INDONESIA Shabilah, Rana; Fauzi, Achmad; Muliasari, Indah
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.778

Abstract

This study aims to assess how Islamic Corporate Governance (ICG), bank size, and leverage (DAR) influence financial performance using Return on Assets (ROA) as a measure. The study focuses on Sharia Rural Banks (BPRS) registered with the Financial Services Authority (OJK) from 2021 to 2022. The sample includes 99 BPRS selected through purposive sampling. The analysis employs multiple linear regression via SPSS software. The findings reveal that ICG has no significant impact on BPRS's financial performance (ROA). Conversely, firm size positively affects ROA, while leverage (DAR) has a negative impact. Future research could encompass various types of Sharia banks and include additional indicators like Return on Equity (ROE) and Return on Investment (ROI). Extending the study's timeframe might provide more accurate insights into trends. Furthermore, incorporating additional proxies to measure bank financial performance, such as Return on Equity (ROE) and Return on Investment (ROI), is advised. A more extended study duration would likely yield a more accurate representation of trends and relationships.
THE INFLUENCE OF ORGANIZATIONAL CLIMATE, COMPENSATION AND COMPETENCE ON EMPLOYEE PRODUCTIVITY PT. JISS INDONESIA SEJAHTERA JAKARTA AREA Putri, Erina Juliana; Faslah, Roni; Rachmadania, Rizki Firdausi
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.785

Abstract

In the current business landscape, organizations recognize that their success and sustainability are intricately tied to the performance and productivity of their employees. As such, numerous factors contribute to shaping employee productivity, including the organizational climate, compensation structures, and employee competence. This study aims to determine the effect of organizational climate, compensation and competence on the work productivity of employees of PT JISS Indonesia Sejahtera Jakarta area. This study was conducted for 3 months from June 2023 to August 2023. The research method used is the survey method with a sample size of 195 respondents chosen from a population of 382 employees through the application of the Slovin formula. All data were collected as primary data and processed utilizing SPSS version 26.0, followed by data analysis encompassing tests to validate the classical assumptions. Multicollinearity tests demonstrated tolerances and VIF values falling within acceptable ranges, thus confirming the absence of multicollinearity. The heteroscedasticity test indicated homoscedasticity for the variables. Multiple linear regression revealed a model linking organizational climate, compensation, and competence to work productivity. Hypothesis tests indicated that the combined influence of these factors was statistically significant, with t-tests confirming individual positive influences. The coefficient of determination indicated that 72.8% of work productivity variability can be attributed to organizational climate, compensation, and competence, while the remaining 27.2% is influenced by unexamined variables.
FACTORS AFFECTING BULLISH IHSG IN COVID 19 PANDEMIC CONDITIONS Aini, Yulis Nurul; Djajanto, Ludfi; Lestari, Baroroh; Maskur
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.787

Abstract

The outbreak of the Covid-19 pandemic in early 2020 had profound and far-reaching impacts on global economies and financial markets. As countries implemented lockdowns, travel restrictions, and various other measures to curb the spread of the virus, financial markets experienced unprecedented volatility. The stock markets, in particular, exhibited fluctuations that were both dramatic and complex, challenging traditional understanding and analysis.  This study aims to examine the factors influencing the bullish movement of the Composite Stock Price Index (CSPI) during the Covid-19 pandemic. Drawing data from reputable sources such as the Indonesia Stock Exchange, The Central Bureau of Statistics, and Bank Indonesia, the research focuses on monthly records of the CSPI, inflation rates, and interest rates. Employing multiple regression analysis as the analytical tool, the study explores the intricate relationships between these variables. The findings present intriguing insights into the interplay between economic factors and stock market behavior. Notably, the research reveals a positive and statistically significant link between inflation and the bullish movement of the CSPI amidst the Covid-19 context. This suggests that rising inflation rates are associated with an upward trend in the CSPI. Conversely, the study uncovers a negative correlation between interest rates and the bullish trajectory of the CSPI during the pandemic. Higher interest rates are found to curtail the bullish movement of the index. This study contributes to a deeper understanding of the financial dynamics during challenging periods, offering valuable insights for investors, analysts, and policymakers seeking to navigate the complexities of the stock market amid Covid-19.
CAPITAL MARKET COMPANIES IN THE UAE: DETERMINANTS AND FACTORS AFFECTING THE PERFORMANCE OF LISTED UAE COMPANIES Alabdullah, Tariq Tawfeeq Yousif
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 3 No. 1 (2023): OCTOBER
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v3i1.791

Abstract

This research examines the influence of international ownership, national ownership, and CEO duality on organizational performance within listed organizations on the Dubai Financial Market (DFM). A multiple regression analysis was employed to assess the effects of international ownership, national ownership, and CEO duality on organizational performance. The study focused on 60 organizations during the fiscal year 2020. Through regression analysis of the collected data, the results indicate that national ownership has an insignificant yet positive impact on organizational performance. Furthermore, the findings demonstrate that international ownership significantly and positively affects organizational performance. Additionally, the analysis reveals that non-CEO duality positively correlates with organizational performance. The practical implications of this study are reflected in its findings, which underscore the importance of the independent variables within the context of investment possibilities—serving as proxies in our study. These findings enhance the understanding of the value of robust corporate governance elements, not solely for directly enhancing organizational performance, but also for amplifying their influence on external factors. Such insights can prove valuable to various stakeholders, including policymakers, regulators, and other interested parties, in their review of procedures in the UAE, particularly following the implementation of corporate governance laws. This study contributes to the existing literature by highlighting the roles played by international ownership, national ownership, and CEO non-duality in enhancing organizational performance.
THE EFFECT OF PROFIT-SHARING FINANCING, SALE AND PURCHASE FINANCING AND INTELLECTUAL CAPITAL ON FINANCIAL PERFORMANCE AT ISLAMIC COMMERCIAL BANKS IN 2017-2021 Juliana, Serly Nufia; Rusdi
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 3 No. 1 (2023): OCTOBER
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v3i1.793

Abstract

This study analyzes the effects of Profit-Sharing Financing, Sale-purchase Financing, and Intellectual Capital on Financial Performance. Profit Sharing Financing in this study is calculated using the total of Musharakah financing and Mudharabah financing, while Sale-purchase Financing is calculated based on the total of sale-purchase financing. Intellectual Capital is proxied using VACA, and Financial Performance is proxied using ROE. The population in this study consists of all Islamic banks registered with the Financial Services Authority (OJK) in Indonesia for the period 2016-2020. The technique employed is a purposive sampling technique with four specific criteria as considerations, resulting in a sample of 8 companies with a five-year period, yielding a total of 40 observational data points. The data analysis employed in this study utilizes panel data regression with the assistance of EViews 9. The partial findings of this study indicate that only the variable of sale-purchase financing has a significant effect on financial performance, while the variables of profit-sharing financing and intellectual capital do not exhibit an effect on financial performance.
THE INFLUENCE OF THE ROLE OF KSU GAPOKTAN ALBASIKO II ON THE INCREASE OF COOPERATIVE MEMBERS' INCOME: (Case Study of Simpang Tiga Bedeng, Luhak Nan Duo) Saputri, Febria Anggie; Eriawati, Yossi; Rahmat, Fawza
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 3 No. 1 (2023): OCTOBER
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v3i1.803

Abstract

This study was conducted at the Cooperative of Multiple Enterprises (KSU) GAPOKTAN ALBASIKO II Branch in Simpag Tiga Bedeng, Luhak Nan Duo. The research aims to determine whether the variable of cooperative role influences financial performance. It is quantitative research employing data gathered through interviews, questionnaire distribution, and observation. The data analysis technique employed is simple linear regression. The study employed primary data obtained through a questionnaire administered in field research setting with a total of 50 respondents. The population for this research comprised the members of the Cooperative of Multiple Enterprises (KSU) GAPOKTAN ALBASIKO II. Data collection was conducted using field research methods (questionnaires and literature review). The results of this study indicate that the cooperative's role does not influence member income. This is evident from the coefficient of determination of 0.193, signifying the contribution of the cooperative's role to member income. With a significance level of 5%, the calculated F value is 1.848, with a significance level of 0.180, leading to the rejection of the null hypothesis (HO) and acceptance of the alternative hypothesis (Ha). Thus, the cooperative's role does not affect member income.
MARKETING STRATEGY ANALYSIS OF PONDOK GEDE TEA STORE Wahib, Moh
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 3 No. 1 (2023): OCTOBER
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v3i1.810

Abstract

Pondok Gede Tea Shop, a business operating in the beverage sector, must consider ensuring its business continuity amidst intense competition. According to information provided by the shop owner, the annual turnover is perceived to follow a linear trend. Although the current turnover adequately covers operational costs, the shop aims to augment its turnover through increased tea sales. This research employs a descriptive approach, utilizing data collected via semi-structured interviews. The study's outcomes, based on SAP and ETOP analyses, suggest an appropriate corporate strategy derived from the SWOT matrix: an investment strategy. Specifically, this involves short-term investments with subsequent benefits anticipated in the future.
DEVELOPMENT OF A MARKETING SYSTEM OF PROCESSED SWEET PATIO PRODUCTS IN HARUM WANGI MSMEs IN BANYUSARI VILLAGE Stafrezar, Burhan
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 3 No. 1 (2023): OCTOBER
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v3i1.811

Abstract

UMKM Harum Wangi processes sweet potatoes into various products, including sweet potato brownies and sweet potato cysts. The limited promotion of these products has hindered their widespread recognition among the public, potentially leading to reduced income. This research employs a descriptive method to address this issue. The study involves direct field action and comprises four stages: 1) Observation, 2) Data analysis, 3) Planning, and 4) Implementation. The findings of the marketing research reveal that UMKM Harum Wangi heavily relies on word-of-mouth promotion. To enhance marketing efforts, it is recommended that the business establish a presence on Facebook and Instagram. Leveraging these social media platforms not only offers cost-effective promotional avenues but also extends customer outreach, potentially spanning across Indonesia. Furthermore, for systematic product distribution, establishing sales accounts on e-commerce platforms such as Shopee and Tokopedia is advised. Additionally, creating visually appealing promotional materials like banners and posters can contribute to better brand awareness and public recognition of these MSME products.

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