Shirkah Journal of Economics and Business最新文献

Navigating the Nexus: Exploring the Relationship between Intellectual Capital, Financial Performance, and Firm Value 导航联结:探索智力资本、财务绩效和企业价值之间的关系

Shirkah Journal of Economics and Business Pub Date : 2023-09-06 DOI: 10.22515/shirkah.v8i3.648

Andi Surya

引用次数: 0

The Effect of Debt-to-Equity Ratio, Return on Asset, Current Ratio, and Total Asset Turnover on Stock Price: The Intervening Effect of Intrinsic Value in Indonesia’s Retail Business 负债权益比、资产报酬率、流动比率和总资产周转率对股价的影响:印尼零售企业内在价值的干预作用

Shirkah Journal of Economics and Business Pub Date : 2023-09-06 DOI: 10.22515/shirkah.v9i1.630

Andini Nurwulandari, Ririan Safiadi Wahid

{"title":"The Effect of Debt-to-Equity Ratio, Return on Asset, Current Ratio, and Total Asset Turnover on Stock Price: The Intervening Effect of Intrinsic Value in Indonesia’s Retail Business","authors":"Andini Nurwulandari, Ririan Safiadi Wahid","doi":"10.22515/shirkah.v9i1.630","DOIUrl":"https://doi.org/10.22515/shirkah.v9i1.630","url":null,"abstract":"This study examines the effect of Debt-to-Equity Ratio (DER), return on assets (ROA), current ratio (CR), and total asset turnover (TATO) on stock prices with their Intrinsic Value as intervening variables in retail companies in Indonesia. Data regarding retail companies were obtained from the Indonesia Stock Exchange, and secondary data on these companies' financial ratios were collected from Stockbit. Stock price data were sourced from Yahoo Finance, and the intrinsic value of shares was determined using the price-to-earning ratio method. Drawing on structural equation modeling, the findings demonstrate that DER and ROA exert a positive and statistically significant effect on intrinsic value. TATO, on the other hand, exhibits a negative and statistically significant effect on intrinsic value, while CR demonstrates a negative and non-significant effect. Regarding stock prices, DER and CR have a negative and statistically significant effect, while ROA and Intrinsic Value have a positive and statistically significant effect. TATO, however, shows a negative and non-significant effect on stock prices. Furthermore, DER has a positive and non-significant effect on stock prices through intrinsic value, whereas ROA has a positive and statistically significant effect on stock prices through intrinsic value. CR, on the other hand, exhibits a negative and non-significant effect on stock prices through intrinsic value, and TATO demonstrates a negative and statistically significant effect on stock prices through intrinsic value.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"67 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77777272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Strategy Development of Halal Industry for an Improved Competitiveness of MSMEs: An Analytic Network Process Approach 中小微企业清真产业提升竞争力的战略发展:网络过程分析方法

Shirkah Journal of Economics and Business Pub Date : 2023-08-11 DOI: 10.22515/shirkah.v8i3.605

L. Marlina, J. Joni, Yadi Janwari

引用次数: 0

The Relationships between Current Ratio, Firm Age, Good Corporate Governance, and Corporate Social Responsibility: The Moderating Effects of Firm Size 流动比率、公司年龄、良好公司治理与公司社会责任的关系:公司规模的调节作用

Shirkah Journal of Economics and Business Pub Date : 2023-08-09 DOI: 10.22515/shirkah.v8i3.629

K. Digdowiseiso

{"title":"The Relationships between Current Ratio, Firm Age, Good Corporate Governance, and Corporate Social Responsibility: The Moderating Effects of Firm Size","authors":"K. Digdowiseiso","doi":"10.22515/shirkah.v8i3.629","DOIUrl":"https://doi.org/10.22515/shirkah.v8i3.629","url":null,"abstract":"Few studies have explored how firm size moderates the effect of the current ratio, firm age, and good corporate governance on corporate social responsibility. This research examined the effect of current ratio, firm age, and good corporate governance on corporate social responsibility. It explored the moderating effects of firm size on the relationships between current ratio, firm age, and good corporate governance on corporate social responsibility among mining sector companies listed on the Indonesia Stock Exchange from 2017 to 2021. Purposive sampling was used to select 17 different mining firms that met the study's criteria. By applying a moderated regression analysis, the results indicated a negative and statistically insignificant relationship between the current ratio and corporate social responsibility. Corporate social responsibility was positively affected by the maturity of the company and by its commitment to ethical business practices. Meanwhile, there was an inverse relationship between firm size and corporate social responsibility. Furthermore, firm size did not affect the relationship between the current ratio and corporate social responsibility, nor the relationship between firm age and corporate social responsibility. This study revealed that firm size weakened the link between good corporate governance and corporate social responsibility.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75612221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Faith-based Social Entrepreneurship: Improving Mosque's Socio-Economic Values in Emerging Country 基于信仰的社会企业家精神:提升新兴国家清真寺的社会经济价值

Shirkah Journal of Economics and Business Pub Date : 2023-08-09 DOI: 10.22515/shirkah.v8i3.521

Ahmad Faiz Khudlari Thoha, Ali Mujahidin

{"title":"Faith-based Social Entrepreneurship: Improving Mosque's Socio-Economic Values in Emerging Country","authors":"Ahmad Faiz Khudlari Thoha, Ali Mujahidin","doi":"10.22515/shirkah.v8i3.521","DOIUrl":"https://doi.org/10.22515/shirkah.v8i3.521","url":null,"abstract":"The religious perspective in the literature on social entrepreneurship remains largely unexplored, resulting in a scarcity of studies that analyze social entrepreneurship through a religious lens. Social entrepreneurship, including its manifestation in religious organizations as faith-based social enterprises, has emerged as a significant innovation in addressing diverse social issues, with the vast number of mosques in Indonesia presenting a promising opportunity to contribute to the betterment of the community's well-being. This study aims to identify the transformation process at the Masjid Ar Rahmah Surabaya and its impacts on social welfare considering its successful establishment as a faith-based social enterprises over the past five years, managing multiple business units and generating social benefits. Employing a case study, data were collected through interviews, observations, and document studies. The findings of the study present a model consisting of stages such as opportunity recognition, business establishment, resource acquisition, and organizational reconfiguration. These insights have implications for addressing social issues and enhancing community welfare in Indonesia and other emerging countries.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81473267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Customer Review, Influencer Endorsement, and Purchase Intention: The Moderating Role of Brand Image 顾客评价、网红背书与购买意愿:品牌形象的调节作用

Shirkah Journal of Economics and Business Pub Date : 2023-06-24 DOI: 10.22515/shirkah.v8i3.601

Dedi Iskamto, Khaerunnisa Fauziah Rahmalia

引用次数: 2

The US-China Trade War in Macroeconomic Studies of the Indonesian Sharia Stock Index 中美贸易战对印尼伊斯兰指数宏观经济的影响

Shirkah Journal of Economics and Business Pub Date : 2023-06-20 DOI: 10.22515/shirkah.v8i3.538

Muhammad Adi Adrian, Mohammad Rofiuddin

{"title":"The US-China Trade War in Macroeconomic Studies of the Indonesian Sharia Stock Index","authors":"Muhammad Adi Adrian, Mohammad Rofiuddin","doi":"10.22515/shirkah.v8i3.538","DOIUrl":"https://doi.org/10.22515/shirkah.v8i3.538","url":null,"abstract":"A number of studies have been the witness of pros and cons about whether the US-China trade war affected the world’s macroeconomics. This study aims to analyze the effect of macroeconomic variables on the Indonesian Sharia Stock Index (ISSI) during the trade war period between the United States and China. The research’s assumption is delved from the occurrence of a trade war between two countries with the largest economic valuations in the world can disrupt the world economy including investment. The urgency of this research is to measure the impact of the trade war on the Indonesian sharia stock index which is one of the factors of economic growth. The analytical method used in this study is the Vector Error Correction Model (VECM) to examine the long-term and short-term impacts. The results of this study indicate that in the short term the BI Rate, FED Rate, USD Exchange Rate, CNY Exchange Rate, World Gold Price, World Oil Price, Exports, and Imports have no effect on the Indonesian Sharia Stock Index (ISSI). The long-term results show that the BI Rate, CNY Rate, World Gold Price, World Oil Price, and Imports have a negative effect on the Indonesian Sharia Stock Index (ISSI), while the FED Rate, USD Rate, and Exports have a positive effect on the Indonesian Sharia Stock Index (ISSI). Based on these results the government is expected to tighten fiscal and monetary policies so that in the future if something similar happens, the Indonesian Sharia Stock Index (ISSI) remains on the right track.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76596039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Revitalizing the Livelihoods of Kahayan River Communities: Exploring the Determinants of Income Increase 振兴卡哈延河社区的生计:探索收入增长的决定因素

Shirkah Journal of Economics and Business Pub Date : 2023-05-25 DOI: 10.22515/shirkah.v8i2.624

Andrie Elia, B. Basrowi

{"title":"Revitalizing the Livelihoods of Kahayan River Communities: Exploring the Determinants of Income Increase","authors":"Andrie Elia, B. Basrowi","doi":"10.22515/shirkah.v8i2.624","DOIUrl":"https://doi.org/10.22515/shirkah.v8i2.624","url":null,"abstract":"Identifying strategies for increasing the income of densely populated communities, particularly concerning the COVID-19 pandemic, remains a challenge. Specifically, this study aims to investigate the influence of entrepreneurial interest, digital marketing, and financial capital on income generation in Pahandut Village. The study adopts a quantitative research methodology based on a sociological-economic approach. Data analysis involves the use of multiple linear regression analysis. A random sampling technique was utilized to select 152 respondents from the entire population of Pahandut village. The findings reveal that entrepreneurial interest, digital marketing, and financial capital have a positive and significant influence on income generation during the Covid-19 pandemic. Therefore, it can be concluded that greater entrepreneurial interest, utilization of digital marketing, and financial capital will increase income for Kahayan River bank community during the Covid-19 pandemic era. Therefore, to adapt to the evolving business landscape, it is crucial to provide support for business literacy aimed at both starting and expanding a business.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72911158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate Governance and Its Relationship with the Working Capital Management in Europe 欧洲公司治理及其与营运资金管理的关系

Shirkah Journal of Economics and Business Pub Date : 2023-05-24 DOI: 10.22515/shirkah.v8i2.609

Amanj Mohamed Ahmed, Muhammad Nawzad Ali, I. Hágen

{"title":"Corporate Governance and Its Relationship with the Working Capital Management in Europe","authors":"Amanj Mohamed Ahmed, Muhammad Nawzad Ali, I. Hágen","doi":"10.22515/shirkah.v8i2.609","DOIUrl":"https://doi.org/10.22515/shirkah.v8i2.609","url":null,"abstract":"This study aims to investigate the impact of corporate governance on working capital management, which has been relatively overlooked despite its significance on corporate performance. Using the Ordinary Least Square regression model, a model was developed to assess the relationship between dependent and independent variables. Secondary data from the annual reports of 42 non-financial firms listed on the Frankfort and Oslo stock exchanges from 2017 to 2021 were collected. The dependent variable, working capital management, is indicated by cash holding, while the independent variable, corporate governance, is measured through five proxies: board meeting, board remuneration, the board size, CEO remuneration, and CEO tenure. Leverage and firm size are involved as control variables. The findings revealed that board meetings, board remuneration, CEO remuneration, and CEO tenure exhibit a positive and significant relationship with working capital management. However, board size demonstrated a negative but insignificant relationship. Additionally, the study showed that leverage has a negative relationship, while firm size has a positive relationship with working capital management. In conclusion, the study suggests that future research should focus on the financial sector to conduct comparative analyses with other sectors.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90586117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Non-Muslims' Intention to Consume Halal Food in Indonesia 非穆斯林在印尼消费清真食品的意向

Shirkah Journal of Economics and Business Pub Date : 2023-05-20 DOI: 10.22515/shirkah.v8i2.490

Arowadi Lubis, Joko Setyono

引用次数: 0