cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
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
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 588 Documents
 50   51   52   53   54 
The Influence of Transparency, Accountability, and Managerial Competence on Village Fund Management (A Study in Villages Located in Pulubala District, Gorontalo Regency, Gorontalo Province) Nursila Moha; Ayu Rakhma Wuryandini; Nurharyati Panigoro
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.980

Abstract

This study aims to determine the influence of transparency, accountability, and managerial competence on the management of village funds in villages in Pulubala District, Gorontalo Regency. The method used in this study is a quantitative method using primary data obtained through the distribution of questionnaires to respondents. The sampling technique used is purposive sampling with the criteria of village officials directly involved in the management of village funds. The data analysis technique used in this study is multiple linear regression analysis with the assistance of the IBM SPSS Statistics 2026 program. Research results show that transparency does not have a significant effect on village fund management. Accountability also does not have a significant effect on village fund management. Meanwhile, managerial competence has a positive and significant effect on village fund management. Simultaneously, transparency, accountability, and managerial competence have a significant effect on village fund management.
The Sound Horeg Phenomenon From the Perspective of Pancasila Values on Social Order in Jember Regency Bella Safira Rachmatika; Helda Mega Maya; Ahmad Fadli
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study examines the phenomenon of sound horeg as a form of the development of public entertainment in Jember across various social activities. The sound horeg phenomenon has positive impacts by strengthening social interaction and creating economic opportunities for local communities. However, it also generates negative consequences, including excessive noise pollution and the potential disruption of public order. The differing public responses to the sound horeg phenomenon indicate a shift in societal values. Therefore, this study aims to understand the sound horeg phenomenon from the perspective of Pancasila values, particularly the second, third, and fourth principles, and its impact on social order within the community. This study employs a descriptive qualitative research method conducted in Jember Regency. Data were collected through observation, semi-structured interviews, and documentation. The data were analyzed using the stages of data reduction, data presentation, and conclusion drawing, while the validity of the findings was ensured through source triangulation. The findings reveal that the sound horeg phenomenon serves not only as a form of public entertainment but also influences people's social behavior in maintaining social order. From the perspective of Pancasila values, the sound horeg phenomenon reflects the values of unity, togetherness, and social justice when it is managed wisely. Conversely, if sound horeg activities are not conducted responsibly, they have the potential to conflict with the values of Pancasila in community life.
Organizational Support and Intrapersonal Competence as Determinants of Employee Performance at PDAM Tirta Darma Ayu Indramayu Talita Paramesti Ardhani; Lisa Harry Sulistiyowati
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.994

Abstract

This study aims to analyze the effect of organizational support and intrapersonal competence on employee performance at PDAM Tirta Darma Ayu Indramayu. This study used a quantitative approach with a descriptive and verificative research design. Primary data were collected through questionnaires distributed to 108 employees selected from a population of 147 employees using simple random sampling. The data were analyzed using SPSS version 23 through validity and reliability tests, classical assumption tests, multiple linear regression, t-test, F-test, and coefficient of determination. The results show that organizational support has a positive and significant effect on employee performance, with a regression coefficient of 0.565 and a t-value of 4.772. Intrapersonal competence also has a positive and significant effect on employee performance, with a regression coefficient of 0.472 and a t-value of 7.412. Simultaneously, organizational support and intrapersonal competence significantly affect employee performance, as indicated by an F-value of 61.178 and an Adjusted R Square of 0.529. These findings suggest that PDAM management should strengthen organizational support systems and develop employees’ intrapersonal competence to improve service-oriented performance.
Stock Price Dynamics of LQ45 Companies: The Effects of DER, PER, DPS, and the Role of Inflation as an Intervening Variable Siti Nur Fatimah Putri; Nurul Nabila; Tasya Wulan Dari; Joni Hendra K
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.997

Abstract

This study aims to analyze the effects of the Debt-to-Equity Ratio (DER), Price-to-Earnings Ratio (PER), and Dividend Per Share (DPS) on the share prices of companies listed on the LQ45 index, with Inflation as an intervening variable. This research examines how corporate fundamentals and macroeconomic conditions influence share price formation in highly liquid companies in the Indonesian capital market. This study employs a quantitative approach using secondary data from the financial statements of LQ45 companies for the period 2020–2024, along with inflation data from Statistics Indonesia (BPS). Data were analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS) with SmartPLS 4 software. The sample was selected through purposive sampling, resulting in 11 companies consistently listed in the LQ45 index during the observation period. The results indicate that Dividend Per Share (DPS) has a positive and significant effect on stock prices, suggesting that dividend distribution policy remains an important consideration for investors in making investment decisions. Furthermore, Inflation does not significantly affect stock prices and cannot mediate the relationships among DER, PER, and DPS. These findings have practical implications for companies, particularly LQ45 firms, to prioritize dividend policies to enhance investor confidence and maintain stock price stability. Theoretically, this study supports the view that investors in large-capitalization firms tend to place greater emphasis on internal corporate fundamentals rather than short-term macroeconomic factors such as Inflation.
Analysis of the Influence of IoT Server Robots, Operational Management Systems, And Electric Car CAS on Improving Service Efficiency In Sharia Perspective: (Study on El's Coffee Roastery Bandar Lampung) Juwita Ariana; Anas Malik; Nurhayati
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1003

Abstract

This study was conducted to analyze the importance of implementing digital technology in improving service efficiency in the modern café industry, particularly through the use of Internet of Things (IoT)-based service robots, operational management systems, and electric vehicle charging facilities from a Sharia business perspective at El's Coffee Roastery in Bandar Lampung. This study aims to measure and analyze the influence of these three variables on service efficiency improvement. The method used is quantitative research with an associative approach, employing accidental sampling on 97 respondents. Primary data was collected through the distribution of a Likert-scale questionnaire and analyzed using multiple linear regression with the assistance of IBM SPSS 27. The results indicate that, individually, the IoT service robot has a positive and significant effect on service efficiency (t = 7.397; sig. 0.000), the operational management system has a positive and significant effect (t = 6.512; sig. 0.000), and the electric vehicle charging station also has a positive and significant effect (t = 2.555; sig. 0.012). Simultaneously, all three variables have a significant effect on service efficiency (F = 41.301; sig. 0.000) with a contribution of 55.7%. A synthesis of the research findings confirms that the integration of modern technology, when managed professionally, can create services that are effective, efficient, and aligned with the principles of maslahah, amanah, and hifz al-bi'ah in Islamic business. The policy implications of this research encourage business operators to adopt sustainable technological innovations that remain grounded in Islamic values in order to enhance business competitiveness.
The Effect of Legal Infrastructure Construction and Environmental, Social, and Governance Disclosure on Audit Opinion Nafiatul Fariq Putri Khosiah; Marita Kusuma Wardani
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1004

Abstract

This study aims to analyze the influence of Legal Infrastructure Construction (LIC) and Environmental, Social, and Governance Disclosure (ESGD) on audit opinions in manufacturing companies listed on the Indonesia Stock Exchange for the 2022–2024 period. This research is motivated by the increasing demands for transparency, accountability, and sustainability reporting in the business world. The study uses a quantitative approach with secondary data obtained from annual reports and company sustainability reports. The study sample consisted of 155 manufacturing companies with a total of 465 observations selected using purposive sampling. Data analysis was performed using ordinal logistic regression with the help of EViews 14. The results show that Legal Infrastructure Construction and ESG Disclosure have a positive effect on audit opinions. Companies with high levels of regulatory compliance and ESG disclosure tend to obtain better audit opinions because they are perceived to have better transparency and quality of governance. This study supports legitimacy theory and provides implications for regulators and companies in improving sustainability reporting and corporate governance practices.
Model for Determining the Cost of Goods Manufactured of Copra in Pelambane Village Annadya Tewu; Mahdalena; Amir Lukum
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1008

Abstract

This study aims to analyze how the Activity-Based Costing (ABC) perspective helps identify costs that have not been accounted for in the practice of determining the cost of goods sold (COGS) for copra by farmers in Pelambane Village, Randangan Subdistrict, Pohuwato Regency. This study employs a qualitative method with a descriptive approach. Data were collected through in-depth interviews, observations, and documentation involving seven copra farmer informants selected using purposive sampling. Data analysis followed the interactive model of Miles and Huberman (1984), consisting of data reduction, data presentation, and drawing conclusions. The results of the study indicate that farmers construct the meaning of costs based on their daily economic experiences, equating costs with cash expenditures during the production process. Consequently, certain economic sacrifices—such as family labor, raw materials from one’s own garden, the use of long-term productive assets, and coconut husks as fuel—are not fully recognized as production costs. Through the ABC perspective, hidden costs were successfully identified across various production activities, revealing undercosting patterns that could potentially lead to illusory profits. This study contributes to the cost accounting literature by demonstrating that in informal agricultural enterprises, the concept of cost is shaped not only by economic rationality but also by social constructs, family culture, and production practices passed down through generations.  
Analysis of Stock Valuation Using Price Earning Ratio, Price to Book Value, and Discount Cash Flow Methods in LQ45 Companies for the Period 2022-2024 Annisa Epriliana Putri; Ikhwan HS; Budiman
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1017

Abstract

Capital markets play a crucial role in the economy, making it essential for investors to apply accurate valuation methods in investment decision-making. This study aimed to determine the fair value of stocks of companies listed in the LQ45 index using the Price Earnings Ratio (PER), Price to Book Value (PBV), and Discounted Cash Flow (DCF) methods during the 2022–2024 period, and to examine the differences among the three valuation results. A quantitative approach was employed using secondary data obtained from the Indonesia Stock Exchange (www.idx.co.id) and the annual reports of each respective company. The analytical procedures included calculating stock fair values using the PER, PBV, and DCF methods, followed by a comparative analysis. The Kruskal-Wallis test was subsequently applied to assess statistically significant differences across methods. The results indicated that the Asymptotic Significance (Asymp. Sig.) value was 0.000 < 0.05, confirming statistically significant differences among the fair values generated by the PER, PBV, and DCF methods. These differences were attributed to the distinct analytical approaches and underlying assumptions associated with each valuation method.
Reconceptualization of Public Sector Accountability through Value for Money-Based Performance Audit: A Systematic Literature Review on the Effectiveness of Governance Reni Susilo Wati; Eskasari Putri
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Public sector accountability has become an important issue in governance, especially with the high cases of budget misappropriation indicating a weak public sector audit oversight system. This study aims to reconceptualize public sector accountability through value for money audits in order to improve governance effectiveness. The research method used is a systematic literature review (SLR) covering the period 2016-2026 from 512 articles after the screening stage, 27 articles were analyzed discussing accountability principles, performance audits, recommendation quality, public value, and sustainability. The study results indicate that public sector accountability needs to shift from administrative compliance towards result based, evidence based, benefit based, and public value based responsibility. Value for money based performance audits significantly influence strengthening the evaluation of the economy, efficiency, and effectiveness of public fund usage through inputs, processes, outputs, and outcomes. Audit reports must be supported by valid evidence and produce concrete, measurable, and actionable recommendations. Performance audits are also capable of responding to corruption risks, improving digital governance, emergency management governance, and achieving the SDGs. The implication is that audits are not only tasked with supervision but are also able to increase public trust, evaluate service quality, and promote fair and sustainable development.
The Influence of MSME Readiness in Adopting a Digital Accounting System on the Effectiveness of Business Financial Management in Maron District, Probolinggo Regency Nindyah Siska Handayani; Ahdiyat Agus Susila; Cici Widya Prasetiyandari
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1028

Abstract

This study aims to analyze the readiness of Micro, Small, and Medium Enterprises (MSMEs) to adopt digital accounting systems and examine its effect on the effectiveness of business financial management. This research employed a quantitative approach with a causal associative design. The population consisted of 1,070 MSMEs in Maron District, Probolinggo Regency, with a sample of 101 respondents determined using the Slovin formula. Data were collected through Likert-scale questionnaires and analyzed using simple linear regression with IBM SPSS Statistics 26. The results indicate that MSME readiness to adopt digital accounting systems has a positive and significant effect on the effectiveness of financial management, as evidenced by a significance value of 0.000 (<0.05) and a regression coefficient of 0.687. Furthermore, the coefficient of determination (R Square) was 0.777, indicating that 77.7% of the variation in financial management effectiveness is explained by digital accounting system adoption readiness. The study concludes that enhancing MSME digital readiness can improve the effectiveness of financial management and support transparent and accountable financial practices in accordance with Islamic financial principles.  

Page 52 of 59 | Total Record : 588

 50   51   52   53   54 

Filter by Year

2021 2026


Reset
Filter By Issues
All Issue Vol. 6 No. 2 (2026): Islamic Finance and Management Vol. 6 No. 1 (2026): Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management Vol. 5 No. 1 (2025): Islamic Finance and Management Vol. 4 No. 2 (2024): Islamic Finance and Management Vol. 4 No. 1 (2024): Islamic Finance and Management Vol. 3 No. 2 (2023): Islamic Finance and Management Vol. 3 No. 1 (2023): Islamic Finance and Management Vol. 2 No. 2 (2022): Islamic Finance and Management Vol. 2 No. 1 (2022): Islamic Finance and Management Vol. 1 No. 2 (2021): Islamic Finance and Management Vol. 1 No. 1 (2021): Islamic Finance and Management More Issue