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Rini Purnamasari
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rinipurnamasari@iainpare.ac.id
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+62 853-4237-0883
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ifar@iainpare.ac.id
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IAIN Parepare, Jalan Amal Bakti No.08, Bukit Harapan. Kecamatan Soreang, Kota Parepare, Indonesia, 91131
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Islamic Financial And Accounting Review
Published by Institut Agama Islam Negeri Parepare
ISSN : -     EISSN : 29864097     DOI : https://10.35905/ifar
Core Subject : Economy,
Economics, Econometrics & Finance
Islamic Financial And Accounting Review is published by Institut Agama Islam Negeri Parepare. This journal presents scientific papers in the field of Financial Accounting, Public Sector Accounting, Management Accounting, Economy, Islamic Financial Accounting and Management, Auditing, Corporate Governance, Ethics and Professionalism, Corporate Finance, Accounting Education, Taxation, Capital Market, Banking and contemporary issue about accounting. This journal has e-ISSN (2986-4097) published in May and November.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 36 Documents
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FINANCIAL DISTRESS ANALYSIS WITH ZMIJEWSKI X-SCORE METHOD IN ISLAMIC BANKING COMPANIES (CASE STUDY OF THE INDONESIA STOCK EXCHANGE) Husain; Purnamasari, Rini; Indrayani
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14957

Abstract

Financial distress or financial difficulty is a situation where the company's financial position has decreased so that the company is unable to meet its short-term debt and long-term debt obligations, so it is necessary to analyze the company's finances in order to see the condition of the company. this study aims to analyze the level of bank health using the zmijewski x-score method at Islamic banks listed on the Indonesia Stock Exchange for the period 2021-2023. This study uses a descriptive quantitative method whose data sources come from secondary data in the form of financial reports of Islamic banks listed on the Indonesia Stock Exchange for 2021- 2023 with a sampling technique using saturated sampling. The results of this study indicate that the health level of Islamic banks on the Indonesia Stock Exchange (IDX) which is analyzed using the zmijeski x-score method for the 2021-2023 period with the zmijewski model which has a cut off value of 0, with assessment criteria if the company's financial distress prediction score is less than 0 (X < 0), then the company is in a non-financial distress or healthy zone. Meanwhile, if the company's financial distress prediction score is more than 0 (X> 0), then the company is predicted to enter the financial distress zone or go bankrupt. In general, the level of bank health during the 3 periods was in a healthy condition (nonfinancial distress). Thus, a good level of bank health reflects a healthy Islamic bank so that it can be considered capable of dealing with significant negative influences from business conditions and other factors.
THE EFFECT OF INTELLECTUAL CAPITAL AND CORPORATE SOCIAL RESPONSIBILITY (CSR) ON PROFITABILITY IN MINING COMPANIES LISTED ON THE IDX FOR THE 2021-2023 PERIOD Istiqoma, Nurul; Frihatni, Andi Ayu
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14958

Abstract

Intellectual Capital emphasized that the company's resources are intangible assets, such as knowledge and skills that are very important to create added value and competitive advantage for the company in question. Corporate Social Responsibility (CSR) also emphasizes that companies must integrate social responsibility in their business strategies for long-term sustainability. This study aims to determine the influence of Intellectual Capital and Corporate Social Responsibility (CSR) on profitability in mining companies listed on the IDX. This study uses quantitative research. The population used is mining sector companies listed on the Indonesia Stock Exchange for the 2021-2023 period. The population used was 63 companies, the sample selection used the purposive sampling technique so that 12 companies were obtained. The methods used are classical assumption test, multiple linear regression and hypothesis test. The results of this study show that partially and simultaneously there is no significant influence between the variables of Intellectual Capital and Corporate Social Responsibility on the possibility. Although the company manages the resources it has to gain a competitive advantage to create company value, it has nothing to do with the profitability creation that is done. Corporate Social Responsibility if measured in a short-term horizon, such as annual, the positive impact is likely to not be detected quantitatively, so the results appear to be partially insignificant. Within the specific time period covered by this study, the impact on profitability may not have been realized or strong enough to show a significant simultaneous influence.
THE APPLICATION OF THE CAPITAL ASSET PRICING MODEL (CAPM) METHOD AS A BASIS FOR INVESTMENT DECISION MAKING IN LQ45 INDEX STOCKS ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2023 Wahyuni, Nurul; Rismala; Husain, Saddan
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14959

Abstract

In the world of investment, investors must be able to identify investment opportunities that provide returns so that they can generate optimal levels of return with minimal risk. This study aims to analyze stock investment decisions using the Capital Asset Pricing Model (CAPM) using the LQ45 Index as a market proxy. This type of research is descriptive research with quantitative methods. The data source used is secondary data, namely monthly closing price data. The sampling in this study was determined using purposive sampling, out of 45 companies included in the LQ45 index, only 23 companies met the criteria and became a research sample. The data analysis method was used using the Capital Asset Pricing Model (CAPM) method to classify undervalued and overvalued stocks using Microsoft Excel 2016. The results of the calculation of the rate of return of individual shares (Ri) resulted in an average of 0.00506, with the largest return owned by ANTM shares and the lowest by INDF shares. The average systematic risk is worth more than 1, which is 1.25, so in general, the 23 shares of the companies used as research samples have high systematic risk and tend to be active in responding to market price changes. Based on the data analysis, there is a nonlinear relationship between systematic risk (β) and the expected rate of return on shares [E(Ri)]. Of the 23 company stocks that were the research sample, there were 12 company stocks that were included in the undervalued category, namely, ADRO, ANTM, BBCA, BBNI, BBRI, BBTN, BMRI, CPIN, EXCL, INCO, INKP, ITMG. Meanwhile, there are 11 company stocks that are in the overvalued category, namely, ASII, ICBP, INDF, INTP, KLBF, PGAS, PTBA, SMGR, TLKM, UNTR, UNVR.
THE EFFECT OF ACCOUNTABILITY AND TRANSPARENCY ON THE EFFECTIVENESS OF PAREPARE SHARIA STATE SAVINGS BANK Humeirah, Zahra; Purnamasari, Rini; Nur, Sri Wahyuni
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14960

Abstract

Bank Tabungan Negara Syariah Parepare faces the problem of lack of transparency and accountability. Customers complain about the lack of disclosure of information related to products, services, and financial conditions. In addition, unclear reports indicate the weak accountability of banks in fund management in accordance with sharia principles. The problems raised in this study are based on the lack of transparency and accountability in the management of funds and information to customers, which has an impact on declining trust and service effectiveness. This study aims to determine the Influence of Accountability and Transparency on the Effectiveness of the Parepare Sharia State Savings Bank (BTN). This study uses a field research approach with a quantitative method. The research data was obtained from the results of questionnaires and observations. The research sample was 100 customers of the Parepare Syariah State Savings Bank using the slovin technique. The data analysis technique used is quantitative analysis using SPSS. The results of the study showed that the multiple linear regression test was known to have a sig value for the Accountability variable of 0.009<0.05, and the Transparency variable was 0.024<0.05, meaning that Accountability and Transparency had an effect on the effectiveness of the Parepare Sharia State Savings Bank. So it can be concluded that H1 and H2 are accepted, the results of the analysis show that the two independent variables together have a significant effect on effectiveness with a calculated F value of 10.371 and a significance value of 0.000<0.05, then it can be concluded that H3 is accepted. The test of the determination coefficient (R2) X1,X2 and Y was 18.1% while the remaining 81.9% was explained by other variables outside this model.
IMPLEMENTATION OF GREEN UNIVERSITY BASED ON RAHMATAN LIL ALAMIN IN REALIZING ENVIRONMENTAL MANAGEMENT ACCOUNTING Puspita, Silvia; Muchlis, Saiful; Jannah, Raodahtul
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14962

Abstract

This study aims to examine the implementation of a Green University based on the values of Rahmatan Lil Alamin in realizing Environmental Management Accounting at the State Islamic University (UIN) Alauddin Makassar. The research employs a qualitative phenomenological approach and is conducted at UIN Alauddin Makassar, located in Gowa Regency, South Sulawesi. Primary data were collected through in-depth interviews with key informants, including the head of the planning bureau, commitment-making officials, lecturers, and students, as well as through direct observation. Secondary data were obtained from documentation, literature studies, and internet searches. The findings show that UIN Alauddin Makassar has implemented the Green University concept through environmental education, energy and water conservation, and the development of environmentally conscious infrastructure (green architecture). The values of Rahmatan Lil Alamin serve as an ethical and spiritual foundation in fulfilling environmental responsibilities through the relationship with God (hablum minallah), with fellow humans (hablum minannas), and with nature (hablum minal alam). The implementation of environmental management accounting is reflected in the allocation of budgets for environmental maintenance, evaluation of environmental performance, and strategies for reducing ecological impact. The integration of Islamic values with sustainability principles creates a campus management system that is both ecologically responsible and spiritually grounded.
SPRINGATE SCORE ANALYSIS IN PREDICTING FINANCIAL DISTRESS IN ISLAMIC BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Bulan, Sri; Rismala; Hamid, Abdul
Islamic Financial And Accounting Review Vol 3 No 2 (2025): Islamic Financial And Accounting Review
Publisher : Institut Agama Islam Negeri Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/ifar.v3i2.14964

Abstract

Springate score analysis is an analysis that can help companies to anticipate the possibility of a company going bankrupt caused by a company's financial problems. This study aims to find out and analyze the potential for financial distress in Islamic banking companies listed on the Indoensai Stock Exchange (IDX) for the 2019-2023 period using a springate score. The data source used in this study comes from financial statements in the form of the company's balance sheet and profit and loss obtained from the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The type of research used is descriptive research with a quantitative approach. This study uses a data analysis technique in the form of a springate score calculation which combines four financial ratios, namely working capital to total assets, earning before interest and taxed to total assets, earning before tax to current liabilities and sales to total assets. The assessment category of companies that are in the healthy zone (non-financial distress > 1.062), vulnerable zone (grey zone > 0.862 S < 1.062) and experiencing bankruptcy risk (financial distress < 0.862). The results of the research obtained are that Bank Tabungan Pensiunan Nasional Syariah Tbk is in a healthy condition or non-financial distress from 2019-2023. PT. Bank Aladin Syariah Tbk is in the financial distress category in 2020-2023. PT. Bank Syariah Indonesia was in a state of financial distress in 2019-2020. And PT. Bank Panin Dubai Syariah is in a state of financial distress in 2021 and 2023.

Page 4 of 4 | Total Record : 36

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