cover
Contact Name
Mohamad Toha
Contact Email
motoha@uac.ac.id
Phone
+623216855722
Journal Mail Official
journal.mjifm@gmail.com
Editorial Address
Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
Location
Kab. mojokerto,
Jawa timur
INDONESIA
Majapahit Journal of Islamic Finance dan Management
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September and December). As the name implies, the journal brings two major themes, namely Islamic Finance and Business Management. The journal invites scholars, practitioners, and researchers to submit articles to the management team. Articles submitted will be published after being verified and modified to suit the standard international journals. MJIFM limits only the article publication related to two major themes having been mentioned.
Articles 378 Documents
The Influence of Reward, Work Discipline, and Compensation on Employee Performance at PT. Metal Hitech Engineering Kurnianti, Novia Ramadhani; Rizqi, Maulidyah Amalina
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i1.471

Abstract

This study aims to determine the influence of reward, work discipline, and compensation on employee performance at PT. Metal Hitech Engineering. The research employs a quantitative method with data collection conducted through questionnaires distributed to 65 respondents. Data analysis was performed using multiple linear regression, along with validity tests, reliability tests, and classical assumption tests. The results of the study indicate that reward, work discipline, and compensation have a positive and significant impact on employee performance.
The Effect of Product Quality, Electronic Word of Mouth and Promotion on Somethinc Skincare Purchase Decisions Utami, Wahyu Putri; Handayani, Anita
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i1.472

Abstract

The objective of this research is to analyze the partial and simultaneous effects of Product Quality, Electronic Word of Mouth (eWOM), and Promotion on the purchase decision for Somethinc products. The population in this study consists of all consumers who have used Somethinc products at least once in the Gresik region. The research employs primary data with a sample size of 160 respondents, using accidental sampling as the sampling technique. The analyses conducted include validity tests, reliability tests, normality tests, multicollinearity tests, heteroskedasticity tests, multiple linear regression, F-tests, t-tests, and coefficient of determination tests. The study concludes that Product Quality, Electronic Word of Mouth, and Promotion have a positive and significant partial effect on the purchase decision.
The Effect of Liquidity, Leverage, Profitability, and Company Size on Financial Distress (Case Study of Manufacturing Companies in Various Industrial Sectors Listed on the Indonesian Stock Exchange for the Period 2021-2023) Nais Zahrotul Aulia; Fauzan, Fauzan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the impact of liquidity, leverage, profitability, and firm size on financial distress in manufacturing companies within the miscellaneous industry sector listed on the Indonesia Stock Exchange during the period from 2021 to 2023. Financial distress is a condition that threatens the survival of a company, making it essential to identify the influencing factors. The research employs a quantitative approach with purposive sampling, involving 81 companies as samples. Secondary data were collected from the companies’ annual financial reports, and data analysis was conducted using multiple linear regression with SPSS version 25. The results indicate that liquidity and firm size positively influence financial distress, meaning that higher liquidity and larger firm size increase the risk of financial difficulties. Conversely, leverage has a negative effect, suggesting that higher debt levels tend to reduce this risk. Profitability does not have a significant impact. These findings provide valuable insights for management and investors in managing financial risks and preventing bankruptcy. The results can also serve as a basis for formulating effective financial strategies. However, this study has limitations in its sector coverage, being limited to the miscellaneous manufacturing sector, which may restrict the generalizability of the findings to other sectors.
The Effect of Financial Distress, Profitability, Company Size and Growth Opportunity on Prudence Accounting (Case Study on Goods and Consumer Sector Companies Listed on the Indonesia Stock Exchange for the Period 2018-2021) Rachmad Fajar Muktiono; Mujiyati
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to examine the effect of Financial Distress, Profitability, Company Size, and Growth Opportunity on Prudence Accounting. This study focuses on goods and food companies listed on the Indonesia Stock Exchange. This study uses secondary data from annual financial reports from the official website of the Indonesia Stock Exchange and the websites of each company. The research methodology used is multiple regression analysis using SPSS 2025 software. The research findings show that Financial Distress, Profitability, and Company Size affect Prudence Accounting, while Growth Opportunity does not affect Prudence Accounting.
The Effect of Capital Structure, Profitability, Dividend Policy, Liquidity and Asset Structure on Stock Prices (Empirical Study on LQ45 Companies Listed on the Indonesia Stock Exchange in 2019-2023) Nasywa Nathania Hirda; Setiawati, Erma
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the effect of capital structure, profitability, dividend policy, asset structure, and liquidity on stock prices of LQ45 companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023. A quantitative approach was used, relying on secondary data obtained from the financial statements of selected companies through purposive sampling. The research sample consists of 18 companies, resulting in 89 observations after outlier adjustments. The data were analyzed using multiple linear regression, preceded by classical assumption tests. The results show that only capital structure has a significant effect on stock prices, while profitability, dividend policy, asset structure, and liquidity do not have a significant impact. The coefficient of determination (Adjusted R²) is 0.082, indicating that the independent variables in this model explain only 8.2% of the variation in stock prices, with the remaining 91.8% explained by other factors outside the model. This research is expected to contribute to the development of financial theory and serve as a reference for investment decision-making.
The Effect of Financial Distress, Leverage, and Profitability on Audit Report Lag with Firm Size as a Moderating Variable (Case Study on FnB Companies Listed on the IDX in 2020-2023) Putri Dilla Maliana; Indah Permata Dewi
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to examine the effect of financial distress, leverage, and profitability on audit report lag, with firm size as a moderating variable. The research focuses on food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. A purposive sampling method was used to select companies that consistently published complete annual financial statements in Indonesian Rupiah during the observation period. Audit report lag is treated as the dependent variable, while financial distress, leverage, and profitability serve as the independent variables. Firm size, measured by the logarithm of total assets, acts as the moderating variable. The data were analyzed using descriptive statistics and Moderated Regression Analysis (MRA). Hypothesis testing was performed through partial t-tests and simultaneous F-tests at a 5% significance level. The results indicate that financial distress and leverage do not significantly affect audit report lag, while profitability has a significant positive impact. These findings confirm only the third hypothesis, suggesting that profitable firms may experience delays in audit completion, possibly due to increased financial complexity.
Optimization of Customer Satisfaction as a Bridge to Loyalty in Student Boarding House Business around Bahaudin Mudhary University Rahmatika, Ferizka; Hidayat, Rachmad; Rahayu, Sri; Fitrianty, Rifda
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.371

Abstract

This study aims to analyze the influence of CRM and Perceived Value on customer loyalty in boarding houses around Bahaudin Mudhary University, Madura. The research was motivated by the need to foster customer loyalty in the competitive student housing industry. A quantitative method was employed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) analysis. Data were collected through questionnaires distributed to boarding house residents near the campus. The results indicate that CRM has a significant effect on customer loyalty, whereas Perceived Value does not significantly influence either loyalty or customer satisfaction. These findings imply that relational approaches are more critical than economic considerations in maintaining boarding house tenants. The synthesis of the discussion confirms that the research objective has been achieved by identifying CRM as a key strategy in fostering tenant loyalty. The policy implication is that boarding house managers should implement structured CRM systems, supported by customer management and service communication training, with active involvement from educational institutions or local governments to promote relational-based boarding service standards.
The Influence of Work Environment, Work Discipline, and Work Motivation on Employee Performance at the Salt Production Area in Sumenep, PT. Garam Yanti, Dewi; Hidayat, Rachmad; Rahayu, Sri
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.373

Abstract

One important factor in an organization is human resources. These human resources can activate and move all components in the organization. Without people, organizations will not be able to operate and run. This study aims to examine the influence of the work environment on employee performance at the salt production area in Sumenep, PT. Garam, as well as to assess the effect of work discipline and work motivation on employee performance in the same location. In addition, the study aims to examine the joint influence of the work environment, work discipline, and work motivation on employee performance at the Pegaraman Area Sumenep PT Salt. A quantitative research approach was employed, with data collected through observation and a questionnaire. The study population consisted of all employees working in the Pegaraman Area Sumenep PT Salt. The data were analyzed using multiple linear regression analysis, hypothesis testing, and the determination coefficient analysis. The results indicate that the work environment, work discipline, and work motivation each have a partial influence on employee performance. 
Analysis of the Effect of Brand Equity Elements on Brand Loyalty through Brand Trust on Instant Noodle Products of Local and International Brand on Generation Z in Solo Raya Windi Nur Azizah; Moechammad Nasir
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study primarily aims to examine the impact of brand equity components on brand loyalty, with brand trust functioning as a mediating variable, within the context of local and international instant noodle brands consumed by Generation Z in the Solo Raya region. A total of 250 respondents were purposively selected based on predetermined criteria, particularly those who regularly purchase or consume both local (Indomie) and international (Samyang) instant noodle brands. Data were collected using a structured questionnaire based on a Likert scale, and analyzed through Partial Least Squares (PLS) modeling utilizing SMARTPLS software version 3.2.9. The analysis included both measurement and structural model evaluations. The results revealed that Brand Association, Brand Awareness, and Perceived Quality all have a positive and statistically significant influence on Brand Trust for both brands. Moreover, among all variables, Perceived Quality was the only factor consistently demonstrating a significant effect on Brand Loyalty. In contrast, the direct impact of Brand Trust on Brand Loyalty was found to be statistically insignificant. Nevertheless, Brand Trust was identified as an essential mediating construct in fostering Brand Loyalty, although its direct effect may not always be substantial.
Analysis of the Effect of Brand Equity Elements on Brand Loyalty of Teh Pucuk Harum Brand Products and Coca-Cola Brand Mediated by Brand Trust on Generation Z in Solo Raya Nadilla Setyowati; Moechamad Nasir
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The primary objective of this research is to investigate how Brand Equity Elements influence Brand Loyalty toward Teh Pucuk Harum and Coca-Cola, with Brand Trust serving as a mediating factor. This study employs a non-probability sampling technique, specifically purposive sampling, which involves the intentional selection of participants based on predefined criteria aligned with the research goals. Data were gathered using a structured questionnaire utilizing a Likert scale to quantitatively assess the variables under study. The target population consists of Generation Z individuals residing in the Solo Raya region who have consumed either Teh Pucuk Harum or Coca-Cola. A total of 211 valid responses were obtained. Findings reveal that components of brand equity namely brand association, brand awarenesss, and perceived quality positively influence brand trust. However, not all variables exert a direct effect on brand loyalty. While brand trust does not directly impact loyalty, it functions as a significant intermediary that fosters consumer commitment. Consequently, cultivating trust in a brand is essential to leveraging brand equity elements effectively in enhancing customer loyalty.