CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE

Factors That Affect Stock Returns in Food and Beverage Companies Listed on the Indonesian Stock Exchange

2024-10-25T03:11:02+00:00

The primary objective of this research is to analyze the financial progress of Food and Beverage Companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The study focuses on four main parameters: Economic Value Added (EVA), Market Value Added (MVA), Refined Economic Value Added (REVA), and Financial Value Added (FVA), and their influence on stock returns. The research methodology employed is quantitative. The target population consists of all Food and Beverage Companies listed on the Indonesia Stock Exchange during the specified period. A purposive sampling method was used to select 20 samples that met specific criteria. Data were collected from secondary sources, specifically annual reports. Data analysis was conducted using SPSS 25 software to assess the influence of EVA (X1), MVA (X2), REVA (X3), and FVA (X4) on stock returns. The results of the study indicate that EVA (X1) and MVA (X2) do not significantly impact stock returns, with t-values of -0.266 and 1.485, respectively. Similarly, REVA (X3) does not show a significant effect on stock returns, with a t-value of 0.643. However, FVA (X4) demonstrates a significant negative relationship with stock returns, with a t-value of -2.423. When considered collectively, EVA, MVA, REVA, and FVA do not have a significant effect on stock returns. The F-value was 1.738, with a significance level of 0.153.

Determination of Financial Factors on Firm Value

2024-12-05T02:27:49+00:00

This study aims to analyze the impact of Liquidity, Solvency, Profitability, and Activity on Company Value in food and beverage manufacturing companies listed on the IDX for the 2019–2022 period. The research employs a quantitative, causal associative approach using secondary data from company financial statements. A purposive sampling method was used, resulting in a sample of 24 companies, and the data were analyzed using multiple linear regression. The results show that simultaneously, the independent variables influence Company Value. Partially, the Liquidity variable (proxies: current ratio, quick ratio, and cash ratio) significantly affects Company Value (PBV). For Solvency, the debt-equity ratio (DER) and long-term debt-equity ratio (LTDtER) significantly affect Company Value, while the debt-asset ratio (DAR) does not. In terms of Profitability, return on equity (ROE) and return on assets (ROA) have significant effects, but net profit margin (NPM) does not. Lastly, under the Activity variable, inventory turnover (PPe) significantly affects Company Value, while accounts receivable turnover (PPi) does not. These findings underscore the importance of financial performance metrics in describing a company’s ability to meet obligations, achieve profitability, and manage asset turnover. Such insights are valuable for companies in understanding how their financial performance impacts Company Value.

The Effect of Supply Chain Management and Machine Maintenance on Production Performance at CV Pabrik Tahu Sumedang

2025-02-05T02:43:09+00:00

This study aims to analyze the impact of Supply Chain Management (SCM) and machine maintenance on production performance at CV Pabrik Tahu Sumedang. In the food industry, production efficiency is a crucial factor in maintaining business sustainability and company competitiveness. SCM plays an essential role in ensuring the availability of raw materials, smooth distribution, and coordination among parties within the supply chain, thereby optimizing the production process. On the other hand, proper machine maintenance is necessary to maintain operational stability, reduce the risk of equipment failure, and enhance production effectiveness. This research utilizes a quantitative approach by conducting a survey and distributing questionnaires to 54 employees at CV Pabrik Tahu Sumedang. To ensure the reliability of the data, the analysis technique employed is multiple linear regression, starting with validity, reliability, and classical assumption tests. The implications of this study suggest that the company must continuously optimize supply chain management to minimize production constraints, such as delays in raw material supply and distribution inefficiencies. Additionally, the company should implement a more structured machine maintenance strategy, including preventive and corrective maintenance, to ensure machines operate in optimal conditions. By improving SCM and machine maintenance aspects, the company can enhance overall production performance, maintain competitiveness, and meet the growing market demand.

The Influence of Digital Marketing, Online Customer Review, and Trust on Customer Decisions to Save in Islamic Banks with Savings Inclination as a Mediating Variable (A Study on Customers of Bank Syariah Indonesia in Malang City)

2025-04-14T02:46:18+00:00

The goal of this study is to examine how Digital Marketing (X1), Online Customer Review (X2), and Trust (X3) impact Customer Decisions to save in Islamic banks (Y), with Savings Inclination acting as a mediator (Z). The research will specifically look at customers of Bank Syariah Indonesia (BSI) in Malang City. This study is motivated by the rapid advancements in digital technology, which have a growing impact on customer behavior when it comes to financial choices, especially in the realm of Islamic banking. This study utilises a quantitative method with an associative research design. Data was gathered by distributing questionnaires to 110 BSI Mobile users in five districts of Malang City. The data was analysed using Partial Least Square (PLS). The results show that Digital Marketing (X1), Online Customer Review (X2), and Trust (X3) have a significant impact on both Savings Inclination (Z) and Customer Decisions (Y). Additionally, Savings Inclination (Z) acts as a mediator in the relationship between the three independent variables and Customer Decisions (Y). These findings are anticipated to aid in the improvement of Digital Marketing strategies in Islamic banking and bolster customer confidence in Sharia-compliant banking services.

Implications of Budget Transparency on Public Trust in Management Budget in Government: A Systematic Literature Review

2025-05-21T05:55:31+00:00

This study examines the implications of budget transparency on public trust in government budget management. This study uses the Systematic Literature Review (SLR) approach by reviewing relevant articles from various sources, such as ResearchGate, OpenKnowledge, and the Publish and Perish application. The results show that budget transparency has a positive and significant impact on public trust, increases accountability, reduces information gaps, and strengthens the government's image. Public participation in the budget process, supported by easy access to budget information, also plays an important role. In addition, open government data transparency (OGD) and participatory budgeting were identified as effective ways to increase public trust. The study also highlights obstacles to the implementation of budget transparency, such as the lack of formal structures in civil society and the lack of community involvement as equal partners. In conclusion, the government needs to continue to improve budget transparency, expand access to information, and strengthen the role of civil society to build public trust and government legitimacy.

ZISWAF Management Strategy in Creating Community Welfare at Jogokariyan Mosque

2025-07-21T03:03:31+00:00

The use of mosques in Islamic history has been closely linked to supporting the interests of the community, not only in terms of worship, but also in terms of management that promotes the welfare of the community. This foundation is recognised by the management of Jogokariyan Mosque in optimising its management to move the mosque out of a cycle where its role is not fully utilised for community economic development. One of the management strategies implemented by the Jogokariyan Mosque management is innovation in organising the potential of ZISWAF as philanthropy in Islam, which is crucial for supporting the distribution of social justice. Therefore, this study aims to deeply explore the ZISWAF management strategies implemented by the management at Jogokariyan Mosque, who have dared to transform their ideas in developing the mosque's role in community life. A qualitative research method with a case study approach was used in this study, and this methodology was selected based on calculations to obtain results in the research. Based on the results of the research conducted, the findings indicate breakthroughs in the management of ZISWAF by the administrators at Jogokariyan Mosque, who have reformed strategies in design, collection, distribution, accountability, and evaluation to enhance the mosque's contribution to community life. These efforts have also impacted the fulfilment of basic needs and promoted economic sustainability to achieve community well-being.