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Mohamad Toha
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Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
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Majapahit Journal of Islamic Finance dan Management
Published by Universitas KH. Abdul Chalim
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis dan Menejemen Intetrnasional
Articles 378 Documents
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Analysis of PT. X's Readiness in Fulfilling the Requirements of an Initial Public Offering (IPO) Zabrina, Zafirah Yaffa; Triani, Ni Nyoman Alit
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.v5i2.408

Abstract

Initial Public Offering (IPO) is a strategic step taken by companies to obtain long-term funding and enhance their credibility. This research is important because not all companies with growth potential are prepared to meet the complex and rigorous requirements of an IPO. The purpose of this study is to assess the readiness of PT. X in fulfilling IPO requirements from the perspectives of financial performance, corporate governance, and legal compliance. The research employs a qualitative approach using a single case embedded study method, through analysis of financial statements and in-depth interviews with internal company stakeholders. The results indicate that although the company shows stable asset and equity growth, there are inconsistencies in profit performance and several legal documents remain incomplete. In general, the company demonstrates initial steps toward IPO readiness, but still requires strategic improvements in financial stability and documentation. The conclusion of this study is that PT. X is not yet ready to conduct an IPO in the near future and must undertake comprehensive improvements, particularly in financial reporting, governance practices, and legal documentation, to meet the standards required of a public company.
The Effect of Financial Performance, Company Size, And Operational Cash Flow on Earnings Per Share With GCG as a Moderating Variable Masfufah, Maratul; Hidayat, Rendra Arief
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.v5i2.415

Abstract

This study aims to determine the effect of return on asset, debt to equity, total asset turnover, firm size, and operating cash flow on earnings per share with good corporate governance as a moderating variable in property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. This research employs a quantitative approach using secondary data obtained from the official IDX website. The total sample consists of 96 observations selected through purposive sampling. Data analysis was conducted using IBM SPSS 25 software, with multiple linear regression and Moderated Regression Analysis (MRA) models applied to test the hypotheses. The results show that Return on Assets, Debt to Equity, Total Asset Turnover, firm size, and operating cash flow have a positive effect on Earnings per Share. Furthermore, Good Corporate Governance, measured by managerial ownership, is proven to simultaneously moderate the relationship between financial performance, firm size, and operating cash flow on Earnings per Share. These findings indicate that financial performance and company characteristics play a crucial role in determining EPS. Managerial ownership, as one of the mechanisms of good corporate governance, serves as a supporting factor in optimizing the influence of financial performance, firm size, and operating cash flow on earnings per share.
Comparative Analysis of Financial Performance of Syariah and Conventional Banks: A Review from Statistics Khalida, Khairunnisa; Riska, Maulia; Ajianing, Nyak Angeli; Nurhasanah, Nurhasanah
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.v5i2.416

Abstract

Banking is an institution that has a significant impact on the real sector. The current banking system consists of different profit-sharing and interest-based systems, known in Islamic and conventional banks. Banking performance is an indicator of a country's economic performance. The financial performance of a bank or company can also be interpreted as a series of analyses conducted by the company to review the bank's compliance.Statistics makes a significant contribution to financial performance analysis. A statistical approach allows financial data to be processed objectively and generate reliable conclusions. The objective of this research is to analyze and compare the financial performance of Islamic banks and conventional banks in Indonesia.using a statistical science approach with indicators of Return on Assets (ROA), Return on Equity (ROE), and Net Interest Margin/Net Operating Margin (NIM/NOM).From the results of the analysis it is shown thatThere are significant differences in key profitability indicators (ROA and ROE) between conventional and Islamic banks, as confirmed by statistical hypothesis testing. This may be due to differences in business models, risk management, and investment strategies between the two banking systems.
Analysis of Perception and Practice of Implementation of SAK EMKM In Preparation of Financial Reports of Bumdes Karya Abadi, Penambangan Village, Balongbendo Yuvita Aprilia Hariyanti; Putikadea, Insyirah
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.v5i2.418

Abstract

The Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) is a guideline designed to improve the quality of financial statements in small-scale entities, including Village-Owned Enterprises (BUMDes). This study aims to analyze the perceptions and practices of managers towards the implementation of SAK EMKM at BUMDes Karya Abadi, Penambangan Village, Balongbendo District. This research uses a descriptive qualitative method with data collection techniques through interviews and the distribution of questionnaires. Respondents in this study are active managers of BUMDes who are directly involved in the process of preparing financial statements. Data were analyzed by descriptive statistics to measure trends in perceptions and practices, and thematically analyzed to interpret open-ended answers. The results show that the managers' perceptions towards the implementation of SAK EMKM are very positive as indicated by the dominance of high scores on the perception indicators. On the other hand, management practices also show consistency in the application of accounting standards in recording transactions, preparing reports, and team involvement. This finding strengthens previous research which states that the application of SAK EMKM can improve the accountability, structure, and transparency of BUMDes' financial statements. The main obstacle encountered is limited technical understanding, indicating the need for ongoing assistance.
Corporate Governance Moderation on the Influence of Business Environmental Uncertainty on Capital Structure Ningsih, Fitria Ayu; Hariyati, Hariyati
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.v5i2.419

Abstract

The uncertainty of the business environment due to economic dynamics, regulations, and global markets requires companies to be adaptive, including in capital structure decisions. This study examines the effect of business environmental uncertainty on capital structure, as well as the role of corporate governance as a moderating variable. Using a quantitative approach with multiple linear regression and moderated regression analysis (MRA), data were collected from 72 manufacturing companies listed on the IDX for the period 2021–2023. The results show that environmental uncertainty has a significant negative effect on capital structure, while corporate governance is proven to weaken this negative effect. This means that a good supervisory mechanism can help companies manage risk and maintain capital structure stability. These findings strengthen contingency and agency theories and suggest the importance of effective governance as a financial risk mitigation strategy.
The Effect of Tax Awareness, Tax Sanctions, and Tax Literacy on Tax Compliance (Case Study on Taxpayers Registered at the Kediri City Pratama Tax Service Office (KPP) Sabaha, Syekha Nur; Permatasari, Intan Kurnia
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.v5i2.444

Abstract

This study aims to analyze the effect of tax awareness, tax sanctions, and tax literacy on the tax compliance of Taxpayers registered at the Kediri City Primary Tax Service Office. This research method uses a quantitative approach with primary data obtained through a questionnaire with a Like Scale of 1 – 5. The population in the study was all people of Kediri City. The sample used in this study were taxpayers registered at the Kediri City Primary Tax Service Office with a sampling technique using non-probability sampling. The number of samples used in this study was 140 respondents. Data analysis was carried out using the Statistical Product and Service Solution (SPSS) method. The result of the study indicates that tax awareness and tax literacy affect taxpayer compliance.
Defamation of Family Reputation on Social Media According to Positive Law and Islamic Law: A Case Study at Ternate Police Department Fara, Yudi; Abbas, Abdul Haris; Husein, Muhammad AR.
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.v5i2.450

Abstract

This study aims to analyze the handling of family defamation cases on social media from the perspectives of positive law and Islamic law, using a case study at the Ternate Police Department. The increasing number of cases over the past five years indicates that social media has become a new arena for conflict, significantly affecting family reputation. This research employs a qualitative approach with a juridical-empirical method. Data collection techniques include observation, in-depth interviews, documentation, and literature review. The findings reveal that the Ternate Police adopt a combination of litigative approaches based on the Electronic Information and Transactions Law (ITE Law) and the Indonesian Penal Code (KUHP), alongside non-litigative approaches through restorative justice mechanisms. From the Islamic law perspective, defamation is seen as a violation of ḥifẓ al-ʿirḍ (protection of dignity), which can be resolved through principles such as iṣlāḥ (reconciliation) and social repentance. The application of criminological theories—strain, differential association, broken windows, and deterrence—strengthens the understanding of offender motives and patterns of deviance in digital spaces. In conclusion, addressing family defamation requires an integrative approach that combines legal enforcement, Islamic ethical principles, and adaptive social responses to digital-era challenges.
Prima Tourism Education Development Strategy Selemak Village Qaedina Tio Athira; Rulianda Purnomo Wibowo; Meilita Tryana Sembiring
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.v5i2.462

Abstract

The decline in the number of visitors to Prima Wisata Edukasi over the years has resulted in the village's income not meeting the expected targets. The main issues in this study are how to formulate an effective business strategy to increase village income through tourism management and how to implement this strategy to increase visitor numbers. This study aims to develop an appropriate business strategy and analyze its implementation at Prima Wisata Edukasi. The research employs a qualitative descriptive approach to gain an in-depth understanding of the dynamics in tourism management. Informants were selected using purposive sampling and included the Head of Mantar Village, the Chairman of BUMDES, community leaders, and tourists. Data were collected through in-depth interviews and direct observations, and then analyzed thematically. The findings reveal that the success of tourism destination management is influenced by interconnected internal and external factors. Strengths such as unique tourism offerings, diverse attractions, adequate facilities, affordable prices, and strategic location serve as key potentials supported by social media promotion. However, weaknesses include limited human resource competencies, insufficient promotion, and suboptimal facility maintenance procedures. Opportunities from family tourism trends and government support should be maximized, while challenges such as limited access, disaster risks, and intense competition require mitigation strategies. Based on these findings, several implementation strategies are recommended, including strengthening educational partnerships, improving human resource competencies, optimizing promotions, and establishing facility maintenance procedures to enhance the competitiveness and sustainability of Prima Wisata Edukasi.
Analysis of the Effect of Beauty Product Marketing Mix on Buying Interest with the Use of South Korean Celebrity Brand Ambassadors as a Moderation Variable Siregar, Qurratu Ayuni; Wibowo, Rulianda Purnomo; Sembiring, Beby Karina Fawzeea
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.v5i2.463

Abstract

In the highly competitive beauty product industry, companies are required to implement innovative and relevant marketing strategies to maintain and increase consumer buying interest. Recent phenomena indicate that marketing mix elements (product, price, place, and promotion) are often underutilized or focused too narrowly on a single aspect. Meanwhile, the use of brand ambassadors, particularly South Korean celebrities, has become a dominant trend, believed to build emotional appeal and enhance positive consumer perceptions. This study aims to analyze the influence of the marketing mix and brand ambassadors on buying interest, as well as examine the moderating role of brand ambassadors in this relationship. This research adopts a quantitative associative approach, using questionnaires distributed to consumers exposed to brand ambassador promotional campaigns. Data analysis was conducted using multiple linear regression and moderated regression analysis. The results indicate that both the marketing mix and brand ambassadors have a positive and significant effect on consumer buying interest. However, the role of brand ambassadors as a moderating variable in strengthening the relationship between the marketing mix and buying interest was not consistently significant. These findings emphasize the importance of an integrated marketing strategy that not only leverages the popularity of brand ambassadors but also optimizes all elements of the marketing mix in a way that is appealing, educational, and aligned with contemporary consumer needs.
The Effect of Profitability, Liquidity, Leverage, Capital Structure, and Company Size on Company Value (Empirical Study of Energy Sector Companies Listed on the IDX 2020-2023) Hasanah, Nur; 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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.475

Abstract

This study aims to examine the effect of profitability, liquidity, leverage, capital structure, and firm size on firm value in the energy sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. This study uses a quantitative approach with secondary data in the form of company financial reports. The sampling method used was purposive sampling with a total of 224 observations from 56 companies over four years. Data analysis was performed using multiple linear regression. The results show that leverage, capital structure, and firm size have a significant effect on firm value. Leverage has a negative effect, while capital structure has a positive effect, and firm size has a negative effect on firm value. Meanwhile, profitability and liquidity do not have a significant effect on firm value. These findings imply that energy sector companies need to pay attention to managing their capital structure and debt levels to avoid reducing the company's value in the eyes of investors. Furthermore, large company size does not always reflect high market value if it is not balanced with efficiency and good growth prospects.

Page 17 of 38 | Total Record : 378

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