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 588 Documents
The Impact of Risk Management and Capital Adequacy Ratio on Banking Performance in Indonesia Kurrota A'yuni Aisy; Elfrida Eufunny; Henny Setyo Lestari; Farah Margaretha Leon
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.744

Abstract

This research examines the impact of risk management practices and capital adequacy on banking performance in Indonesia. Bank performance is measured by Return on Assets, while risk management is represented by credit, market, liquidity, and operational risk indicators. Capital Adequacy Ratio is used as a proxy for capital strength, with firm size and firm growth rate serving as control variables. The study applies a quantitative approach using secondary data from the financial statements of 43 commercial banks listed on the Indonesia Stock Exchange during the 2020–2024 period and employs panel data regression with a fixed effects model. The results indicate that the variables jointly have a significant effect on banking performance. Partially, Loan Loss Provision, Operating Expense Ratio, Efficiency Ratio, and Capital Adequacy Ratio have a positive and significant impact on Return on Assets, while the remaining risk indicators and control variables do not show significant effects. These findings indicate that effective credit provisioning, operational efficiency, productive cost management, and adequate capital strength are key factors in improving banking performance and maintaining sector stability.
Analysis of the Relationship Between Work Engagement, Job Satisfaction, and Human Resource Performance at Bluduptd Salotungo Public Health Center, Soppeng Regency Ulfa Namirah; Julia Fitrianingsih; Hairuddin K.; Bachtiar Baso; Indar Indar
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.747

Abstract

Human resources (HR) constitute a key determinant in the delivery of healthcare services at public health centers. Challenges such as high workloads, limited staffing, and low levels of motivation may adversely affect job satisfaction and HR performance. One psychological factor that plays a crucial role is work engagement, defined as an individual’s positive, fulfilling involvement in their work. This study aims to analyze the relationship between work engagement, job satisfaction, and HR performance at BLUD UPTD Salotungo Public Health Center, Soppeng Regency. The study employed a quantitative analytic design with a cross-sectional approach. The population and sample comprised all health and non-health personnel, totaling 101 employees, selected using a total sampling technique. Data were collected using the Utrecht Work Engagement Scale (UWES), the Job Satisfaction Survey (JSS), and performance assessments based on Key Performance Indicators (KPIs). The data were analyzed using Pearson correlation and multiple linear regression tests. The results indicate that work engagement has a positive and significant relationship with both job satisfaction and HR performance. Job satisfaction also shows a stronger positive association with HR performance and functions as a mediating variable in the relationship between work engagement and performance. The findings confirm that simultaneous improvements in work engagement and job satisfaction contribute to enhanced HR performance. Accordingly, public health center management should develop human resource policies oriented toward improving employees’ psychological well-being and job satisfaction in order to support sustainable healthcare service quality.
Patient Outcomes and Service Delivery Differences in Physiotherapy Care: A Systematic Review Comparing Hospital-Based and Private Practice Models Mohamad Reza Hilmy; Alika Shameela; Erlina Puspitaloka Mahadewi
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.749

Abstract

Physiotherapy services are an essential part of contemporary health care systems and are usually provided in hospitals or private practices. Variations in structure of organizations, service delivery systems, and clinical context among various models may impact patient outcomes and the quality of care. The objective of this study was to investigate the disparities in patient outcomes and the characteristics of physiotherapy service delivery across hospital-based and individual practice models via a systematic literature review. The review adhered to PRISMA criteria and examined peer-reviewed literature published from 2020 to 2025. A technique called thematic analysis was used to combine 27 studies that met the inclusion criteria. The results show that physiotherapy in hospitals is especially good at helping patients with complicated medical conditions, needs after surgery, and needs for care from several disciplines through controlled interventions and standard procedures. On the other hand, private practice physiotherapy has advantages in terms of service flexibility, accessibility, consistency of treatments, and higher patient satisfaction, particularly when it comes to treating chronic musculoskeletal diseases and outpatient populations. These findings indicate that hospital-based alongside private practice treatment models fulfill complementary functions within healthcare systems. Strategic insertion of both of these approaches may improve patient outcomes, make services more efficient, and encourage physiotherapy care that is more focused on the patient.
The Moderating Effect of Market Power on Financial Policies, Cash Conversion Cycle, and Debt Capital Toward Firm Value in Cyclical Industries Oppie Junia Purnamasari Oppie; Fajar Nur Cholis Fajar; Henny Setyo Lestari; Farah Margaretha
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.751

Abstract

This study aims to examine the effect of working capital investment policy, working capital financing policy, cash conversion cycle (“CCC”), and debt capital on firm value, as well as to analyze the moderating role of market power in these relationships. The research focuses on non-financial companies operating in cyclical industries listed on the Indonesia Stock Exchange (“IDX”) during the period 2020–2024. Using a quantitative approach, the study employs panel data regression analysis with a total sample of 40 firms observed over five years, resulting in 200 firm-year observations. Firm value is proxied by Tobin’s Q, while market power is proxied by the firm’s market share, measured as the ratio of firm sales to total sales of all firms in the sample. The empirical analysis is conducted using EViews software with fixed effect and random effect model selection procedures. This research contributes to the financial management literature by integrating working capital policies, debt capital, and market power within a comprehensive framework, particularly in the context of emerging markets and cyclical industries.
The Effect of Accounting Information Systems, Influencer Marketing, E-Commerce, and Financial Technology on the Performance of MSMEs in Surakarta City Putri Dewi Langit; Fuad Hudaya Fatchan
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.752

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are a strategic sector that plays a crucial role in driving economic growth and equitable income distribution. Amidst the development of digital technology, MSMEs are required to adopt various technological innovations to improve their business performance. This study aims to analyze the influence of Accounting Information Systems, Influencer Marketing, E-Commerce, and Financial Technology on the performance of MSMEs in Surakarta City. This study used a quantitative approach with a survey method. The sample consisted of 100 MSMEs in the Food and Beverages (FnB) sector selected using a purposive sampling technique. Data were collected through questionnaires and analyzed using multiple linear regression with SPSS. The results indicate that E-Commerce and Financial Technology have a positive and significant impact on MSME performance, while Accounting Information Systems and Influencer Marketing have no significant impact on MSME performance. These findings indicate that the use of digital sales platforms and financial technology plays a greater role in improving MSME performance than the use of accounting information systems and influencer-based marketing strategies. This research is expected to provide consideration for MSMEs and local governments in formulating digital technology-based MSME development policies.
The Influence of Public Participation on the Performance of the Regional Council (DPRD) in Decision-Making: (Study of the Sumenep Regency DPRD) Moh. Fendi; Rachmad Hidayat
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.762

Abstract

Public participation in public decision-making plays a crucial role in building a democratic foundation. Public participation is not merely a decorative element, but a key element that ensures that the resulting policies and decisions reflect the needs and aspirations of the community as a whole. This study aims to determine the effect of public participation on the performance of the Regional People's Representative Council (DPRD) in decision-making. This research is quantitative. The sample used in this study was 68 respondents. The sampling technique used in this study was a non-probability sampling method with a lameshow method. This research was conducted among the public. The analysis used multiple linear regression analysis to examine the influence between variables in several stages. The results show that public participation has a partial and significant effect on the performance of the DPRD in decision-making.
The Influence of Green Brands on Eco-Labeling and Eco-Branding on Green Purchase Intention in Skincare Products Zima Khalifatul Aulia; Ihwan Susila
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.763

Abstract

This study aims to determine theleffect of greenlbrands on consumerlpreferences in thelcontext of thelfacial carelindustry. At this time, there is a trend in skincare, so many companies compete to provide the best service for their consumers, but many of these companies do not pay attention to the condition of the surrounding environment. Even though a lot of skincare waste threatens the environment because it is not managed properly by the company that produces the skincare. Around us, there are only a few companies that pay attention to the composition of the products used by the company, then the product is not tested on animals such as rabbits and uses packaging that is easily recycled or can even be easily decomposed in the soil. This is done toltest the effectlof greenlbrands on greenlpurchaselintentionlby considering eco-brandinglandleco-labeling. Because green brandlrefers to algreen brand or product that commits to thelenvironment, eco branding is also a link between consumer perceptions of greenlbrand and green purchaselintention. This studyluses alquestionnaire and purposivelsampling method tolcollect data fromlrespondents, which requires approximately 185 data and will then be processed using a data processing application, Smart Pls. So, the empirical resultslof the study stating that the “Green Brand Effect” can significantly mediate between “Eco Branding” and “Eco Labeling” indicate that when a brand has a strong eco-branding strategy, it can increase consumers' perception of the brand as environmentally friendly and can affect customer purchase intentions. Then things that can be done by the NPure skincare company by having a long-term continued commitment and also a clear goal to reduce the impact of the bad environment and provide good NPure product innovations to make a good contribution to the environment.
The Influence of Independence, Emotional Intelligence, Professional Ethics, and Organizational Culture on Auditor Performance at the Supreme Audit Agency (BPK) Representative Office in South Sumatra Province Muhammad Hanif Ariq; Sandrayati Sandrayati; Jovan Febriantoko
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.765

Abstract

This study aims to empirically analyze the effect of Independence, Emotional Intelligence, Professional Ethics and Organizational Culture on auditor performance. The population of this study were auditors who worked at the Supreme Audit Agency (BPK) RI Representative of South Sumatra Province. The number of samples in this study were 71 auditors, using the Purposive Sampling formula method technique for sampling. This study uses a quantitative approach with the type of data in the form of primary data. The results showed that partially Emotional Intelligence and Organizational Culture had a positive effect on Auditor Performance, while partially the Independence and Professional Ethics factors had no effect on Auditor Performance. Furthermore, simultaneously Independence, Emotional Intelligence, Professional Ethics and Organizational Culture have a positive effect on auditor performance at the Supreme Audit Agency (BPK) Representative of South Sumatra Province.
Live Stream Shopping: The Influence of Personal Values and Emotional Pleasure on Millennials’ Purchase Intention Barida Rakhma Nuranti; Ayu Diana Ansori; Reska Anggara Putra
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.769

Abstract

Live-shopping, or shopping via live-streaming, has emerged as a global trend in the online shopping setting. Marketers are increasingly leveraging live-streaming features on social media platforms to engage audiences and enhance interaction during online shopping. The interactiveness, convenience, and seamless nature of live-shopping often trigger emotional responses among consumers, which may stem from the fulfillment of personal values throughout the live-shopping session. Nevertheless, the extent to which personal values and emotional pleasure influence consumer purchase intention remains underexplored. This study employs a quantitative approach through a survey method. The data were analyzed using SEM-PLS. Based on responses from 200 live-shopping consumers, this study reveals that personal values, consisting of hedonic values and utilitarian values, positively influence emotional pleasure and shopping intentions. Furthermore, emotional pleasure positively influences shopping intentions.
The Impact of Working Capital Efficiency, Cash Conversion Cycle, and Current Ratio on Profitability with Firm Size as a Moderating Variable Yohanes Prammoedya Octavianus; Achmad Badjuri
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 1 (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.v6i1.775

Abstract

This study aims to examine the influence of Working Capital Efficiency, Cash Conversion Cycle, and Current Ratio on Profitability with Firm Size as a moderation variable in manufacturing companies listed on the Indonesia Stock Exchange for the 2021–2024 period. This study uses a quantitative approach with secondary data in the form of annual financial statements. The research sample was obtained through the purposive sampling method resulting in 140 observations. Data analysis was carried out using panel data regression and Moderated Regression Analysis (MRA) with the help of EViews 13 software. The results of the model test show that the Fixed Effect Model is the most accurate estimation model. Partially, the results showed that the Cash Conversion Cycle had a negative and significant effect on profitability, while the Current Ratio had a positive and significant effect on profitability. Meanwhile, Working Capital Efficiency has no significant effect on profitability. The results of the moderation test showed that Firm Size was not able to moderate the relationship between Working Capital Efficiency, Cash Conversion Cycle, and Current Ratio to Profitability. Simultaneously, all research variables had a significant effect on profitability. These findings confirm the importance of cash cycle and liquidity management in improving the financial performance of manufacturing companies.