El Barka最新文献

{"title":"Agency Theory Related to Trustworthy Profit Sharing in Suppressing the Adverse Selection Problem","authors":"Lisna Warliana, M. Abdullah","doi":"10.21154/elbarka.v4i2.3629","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.3629","url":null,"abstract":"This study aims to determine how agency theory is related to the trustworthy profit sharing in suppressing the adverse selection problem. This research is a qualitative research. The type of research that researchers use is library research. Library research is a form of research carried out by collecting various kinds of references which are the main source for conducting research, references which are the primary sources in this research are articles published in journals, and other written articles. The results of this study explain that when the company divides the ownership structure and also the management of the company, there will be problems in it, the problem that arises is that there is an agency problem. Agency problems are divided into  two forms, namely moral hazard and also adverse selection. One way to solve this problem is to apply the concept of a trustworthy profit sharing.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79941694","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}

{"title":"The Impact of Assets Structure, Liquidity, Business Risk and Company Size on Capital Structure","authors":"Nur Huri Mustofa, Sylvia Indah Lestari","doi":"10.21154/elbarka.v4i2.3295","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.3295","url":null,"abstract":"Expenditure decisions and demand are closely related to the arrangement of capital structure. The purpose of this research is to determine the impact of asset structure, liquidity, business risk and company size on the capital structure of ISSI listed companies during 2017-2020. The method of data collection for this research is to collect annual financial reports on the IDX website. The purposive sampling method utilized to analyze sample of 35 companies obtained. The analytical techniques used are stationarity test, statistics passing T test, F test, coefficient of determination (R2), classical assumption test, and multiple linear regression test. Data management is used with Eviews 12 tools. The research results prove that the Asset Structure has a positive and significant impact on the capital structure. Liquidity has a positive and significant impact on capital structure. Business risk has a positive and insignificant effect on capital structure. Company size has a positive impact on capital structure and is not significant.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89842990","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}

{"title":"The Influence of Intellectual Capital Disclosure and Profitability on Value Company","authors":"Gerry Hamdani Putra, M. Marlina","doi":"10.21154/elbarka.v4i2.3309","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.3309","url":null,"abstract":"The Company's value reflects the assets owned by the company. This study aims to examine the effect of intellectual capital disclosure and profitability on firm value. The Population are manufacturing companies listed on the Indonesia Stock Exchange in 2016 – 2020. The samples of this study are forty-four companies listed in Indonesia Stock Exchange (IDX) selected by using purposive sampling method. The data analysis method used is multiple regression model. Based on the hypothesis tasted proves that the intellectual capital disclosure and profitability have the positive and significant effect on firm value. Firm value is able to provide maximum welfare to shareholders. An increase in share prices can reflect the company's assets.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"97 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90217446","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}

{"title":"The Board of Directors and The Performance of Companies on Conducting Merger in Indonesia","authors":"Setia Dwi Ratna Rahmawati, Medi Septa Ayu Pertiwi","doi":"10.21154/elbarka.v4i2.3383","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.3383","url":null,"abstract":"This study aims to examine the impact on the result of the merger which causes the adjustment structure of the board of directors toward the changes in the performance of companies that conducting mergers in Indonesia. Company performance seen as the dependent variable will be evaluated from the accounting performance and market performance. Accounting performance is measured by Return on Assets (ROA) and market performance is measured by Tobin's Q. The independent variable in this study is Board Size (the size of the board of directors) which measured by looking at the number of boards of directors in the company. The sources of data and its types that utilized for the study are company secondary data. The data includes companies that carried out mergers in 2005-2008 and the analysis period obtained after 10 years the companies merged in 2005-2018. The sampling method used in this study was purposive sampling. This study uses a total sample of 8 non-financial companies listed on the Indonesia Stock Exchange (BEI) with a total sample of 79 observations. The result of this study shows that changes in the size of the board of directors have significant impact on changes in Return on Assets (ROA) and changes in Tobin's Q.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87257050","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}

{"title":"The Impact of Awareness, Lifestyle and Halal Certification on The Buying Interests of MSME’s Halal Food Products in DKI Jakarta","authors":"Muhammad Rizky Taufiq Nur, M. Fathoni, Lili Puspita Sari","doi":"10.21154/elbarka.v4i2.3207","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.3207","url":null,"abstract":"The research aims to explain the impact of awareness, lifestyle, and halal certification on people’s buying interest in MSME’s halal food products in DKI Jakarta Province. To the best of researchers’ knowledge based on the previous articles, there are no research titles that discuss the three variables simultaneously regarding the influence on the buying interest. Therefore, this research has some aspect of novelty compared to previous studies. Quantitative method is used for research methods that refer to numerical data. The subjects for this research are 150 consumers of MSME’s halal food products in the DKI Jakarta Province. Primary data collection is used as a technical data collection. Primary data was acquired from the distribution of questionnaires to MSME halal food consumers. Meanwhile, the data analysis techniques used were descriptive statistical analysis, classical assumptions, multiple linear regression, and hypothesis. The findings of this study among the three variables are used, two only have a significant influence on the buying interest whereas the three variables together have a significant influence on the buying interest of MSME products. To increase the buying interest of halal food products for MSMEs in DKI Jakarta, factors that can be considered important are halal awareness and halal lifestyle, because both have a significant impact on the buying interest. This can be interpreted if the two variables are increase it will also increase the buying interest of MSME’s halal food products in DKI Jakarta. On the other hand, if the three variables are considered simultaneously it will have a significant influence on buying interest.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77399670","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}

{"title":"A Study on the Need for VBI in Malaysian Islamic Financial Industry and its Shari'ah Perspective","authors":"M. Khan","doi":"10.21154/elbarka.v4i2.2616","DOIUrl":"https://doi.org/10.21154/elbarka.v4i2.2616","url":null,"abstract":"The purpose of this paper is to highlight the need for Value-Based Intermediation (VBI) in Malaysia introduced by Bank Negara Malaysia (BNM) in March 2018, under the guidance of Shari'ah Advisory Council (SAC), which is the decisive authority in matters relating to Shari'ah, analyse the aim of VBI against that of SDGs in the light of Maqasid al-Sahri'ah, and to assess VBI from the perspective of Shari'ah. The growth of Islamic banking in Malaysia experienced a boost where the market share of Islamic banking assets grew from 7.1% in 2010 to 28% in 2016, but there has been a decline in Islamic finance's annual growth from 24.2% in 2011 to only 8.2% in 2016. There could be various reasons for this decline, such as maintaining a steady growth requires constant innovation in the products and services offered. However, innovation becomes difficult in case of IFIs, since they have to comply with legal and Shari'ah rules at the same time. Qualitative method of study is used for this paper.  It is found in the study that VBI not only conforms with the principles of Shari'ah but also re-focuses IFIs to achieve the objectives of Shari'ah or fulfill Maqasid al-Shari'ah. The study also found that VBI is also in line with the SDGs, which are human-made goals presented to the world by United Nations around 2012. However, while SDGs are prone to changes and criticism, the objectives, or goals of Shari'ah are holistic, permanent, and divine. VBI is a concept applicable only in Malaysia's Islamic Finance Industry until the time this paper is written, and therefore, it focuses only on the Malaysian IFI. There is a need to understand why VBI was needed in Malaysian IFI despite each Islamic bank having their own Shari'ah committee and SAC of BNM and this paper will help develop that understanding. ","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"22 11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77827389","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}

{"title":"Determinant Factors to Pay Zakat in BAZNAS","authors":"R. Lubis","doi":"10.21154/elbarka.v4i1.3070","DOIUrl":"https://doi.org/10.21154/elbarka.v4i1.3070","url":null,"abstract":"This study aims to analyze the determining factors in paying zakat to BAZNAS (Badan Amil Zakat Nasional) Mandailing Natal Regency, where the average community in the area is Muslim which creates a respectable opportunity for BAZNAS institutions to collect zakat from muzakki (person who obliged to pay zakat) yet in fact zakat collection decreased in 2019. The variables that may cause the decline of zakat collection include trust, religiosity and income. The method used in this research are several tests of data analysis techniques such as validity test, reliability test, classic assumption test, hypothesis test, and multiple linear regression analysis using SPSS application. This research is a quantitative research occupying quota sampling technique so that the sample size is 100 muzakki. The results of the study showed that trust has no effect on the interest in paying zakat, because zakat management in BAZNAS Mandailing Natal Regency considered non optimal in supervision. Meanwhile, the variables of religiosity and income have a significant effect. This means that the higher level of religious belief and income will affect higher interest in paying zakat.Tujuan penelitian ini untuk menganalisis faktor-faktor penentu dalam membayar zakat di BAZNAS Kab Mandailing Natal, dimana rata-rata masyarakat mandaling sekitar 80 persen adalah mayoritas muslim dan ini menjadikan suatu peluang yang cukup besar bagi  lembaga BAZNAS, akan tetapi pada kenyatan dana zakat mengalami penurunan di tahun 2019, variabel yang menyebabkan penurunan antara lain kepercayaan, religiusitas, dan pendapatan. Metode dalam penelitian adalah menggunakan beberapa teknik analisis data seperti uji, validitas, reabilitas, asumsi klasik, uji hipotesis, dan uji analisis regresi linear berganda dengan menggunakan aplikasi SPSS. Jenis penelitian ini yaitu kuanlitatif, dengan teknik pengambil sampel yaitu quota sampling sehingga jumlah sampel yaitu 100 muzzaki (wajib membayar zakat). Hasil dalam penelitian menunjukan bahwa kepercayaan tidak berpengaruh terhadap minat membayar zakat, disebabkan masih belum optimalnya dalam pengelolaan manajemen zakat di BAZNAS Kabupaten Mandailing Natal. Sedang untuk variabel religius dan pendapat berpengaruh secara signifikan. Artinya semakin tingkat religius dan pendapatn akan mempengaruhi minat dalam membayar zakat.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"22 9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77442844","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}

{"title":"Capital Structure Changes in the Automotive Sector Affected By Financial Performance","authors":"M. Roni, Meriyati Meriyati, A. Hermanto","doi":"10.21154/elbarka.v4i1.3086","DOIUrl":"https://doi.org/10.21154/elbarka.v4i1.3086","url":null,"abstract":"The purpose of this study was to determine the effect of financial performance to changes in capital structure. Data analysis techniques using multiple linear regression with panel data approach that uses statistical test equipment EViews 7. The results showed that the variable gross profit margins (GPM), net profit margins (NPM), and return on investment (ROI) significantly influence the debt equity ratio (DER). F test results simultaneously shows that there is no significant effect between gross profit margins (GPM), net profit margins (NPM), and return on investment (ROI) on the capital structure (debt equity ratio). The theory of capital structure that supports this research is Balancing Theory.       Tujuan penelitian ini adalah untuk mengetahui pengaruh Kinerja Keuangan terhadap perubahan Struktur Modal. Teknik analisis data menggunakan Regresi linier berganda dengan pendekatan data panel yang menggunakan alat uji statistik EViews 7. Hasil penelitian menunjukkan bahwa variabel gross profit margins (GPM), net profit margins (NPM), dan return on investment (ROI) berpengaruh signifikan terhadap debt equity ratio (DER). Hasil uji F secara simultan terdapat pengaruh yang tidak signifikan antara gross profit margins (GPM), net profit margins (NPM), dan return on investment (ROI) terhadap Struktur Modal (debt equity ratio). Teori struktur modal yang mendukung penelitian ini adalah Balancing Theory.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89320390","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}

{"title":"Integrated Cash Waqf and Islamic Microfinance to Poverty Alleviate","authors":"Rusyda Afifah Ahmad, Syofi Aruni Mafaza, R. Handayani","doi":"10.21154/elbarka.v4i1.3018","DOIUrl":"https://doi.org/10.21154/elbarka.v4i1.3018","url":null,"abstract":"Cash Waqf is a trust fund established with money to support services to humankind on behalf of Allah SWT. Efforts to maximize the use of cash waqf funds have the potential to improve the welfare of the community, especially in alleviating the poor. One of the institutions in this field is the Islamic microfinance institution. These Islamic microfinance institutions include Baitul Maal (social funds) and Baitu Tamwil (commercial) and cooperatives. This Islamic microfinance institution is a facility for the poor to develop their business. The research method used in this research is a literature survey of more than 20 articles. Not only analyzing empirically and comparatively but also provide recommendations and suggestions with several theoretical works. The results of this study indicate that cash waqf has been widely practiced and could become a financing facility for MSMEs to alleviate poverty.Wakaf Tunai adalah dana amanah yang didirikan dengan uang untuk mendukung layanan kepada umat manusia atas nama Allah SWT. Upaya memaksimalkan penggunaan dana wakaf tunai berpotensi untuk meningkatkan kesejahteraan masyarakat, terutama dalam pengentasan masyarakat miskin. Salah satu lembaga di bidang ini adalah lembaga keuangan mikro syariah. Lembaga keuangan mikro syariah tersebut antara lain Baitul Maal (dana sosial) dan Baitu Tamwil (komersial) serta koperasi. Lembaga keuangan mikro syariah ini merupakan sarana bagi masyarakat miskin untuk mengembangkan usahanya. Metode penelitian yang digunakan dalam penelitian ini adalah survey literatur lebih dari 20 artikel, tidak hanya menganalisis secara empiris dan komparatif tetapi juga rekomendasi dan saran dengan beberapa karya teoritis. Hasil penelitian ini menunjukkan bahwa wakaf tunai telah banyak dilakukan dan mampu menjadi sarana pembiayaan bagi UMKM dengan tujuan untuk mengentaskan kemiskinan.","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"42 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88836397","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}

{"title":"Forecasting of Indonesia's Gross Domestic Product Amid Covid-19 Pandemic","authors":"Nur Izzah","doi":"10.21154/elbarka.v4i1.3016","DOIUrl":"https://doi.org/10.21154/elbarka.v4i1.3016","url":null,"abstract":"The Indonesian economy since the first quarter of 2020 has declined. The Covid-19 pandemic has suppressed Indonesia's economic growth. The Ministry of Finance stated that the Indonesian economy in 2020 is estimated to reach minus 1.7 percent to 0.6 percent. The purpose of this study is to determine the prediction of Indonesia's GDP amid Covid-19 pandemic. This type of research is a quantitative study using secondary data with a sample size of 22 samples. The data analysis technique used is the ARIMA method. The results showed stationary data at the second level. Identification of the Bob-Jenkins model selected the ARIMA model (4,2,1). The forecast results show that Indonesia's GDP in the second quarter of 2020 until the second quarter of 2023 will continue to decline. Therefore, policies to promote economic recovery are required. This policy must support the improvement of the health system to reduce the impact of the Covid-19 pandemic on activities and community works. Long-term impacts can be maintained by improving administration, facilitating a more investor-friendly business environment, and increasing budgets to improve education and health facilities.Perekonomian Indonesia sejak triwulan IV-2020 telah mengalami penurunan. Pandemi Covid-19 telah menekan pertumbuhan ekonomi Indonesia. Kementerian Keuangan menyatakan, perekonomian Indonesia pada 2020 diperkirakan mencapai minus 1,7 persen hingga 0,6 persen. Tujuan penelitian ini adalah untuk mengetahui prediksi PDB Indonesia. Jenis penelitian ini adalah kuantitatif dengan menggunakan data sekunder dengan jumlah sampel sebanyak 22 sampel. Teknik analisis data yang digunakan adalah metode ARIMA. Hasil penelitian menunjukkan bahwa data stasioner pada tingkat kedua. Identifikasi model Bob-Jenkins terpilih model ARIMA (4,2,1). Hasil peramalan menunjukkan bahwa PDB Indonesia triwulan II-2020 smpai dengan triwulan II-2023 terus mengalami penurunan. Oleh karena itu, diperlukan kebijakan yang mendorong pemulihan ekonomi. Kebijakan tersebut harus mendukung peningkatan sistem kesehatan untuk mengurangi dampak pandemi Covid-19 pada aktivitas dan pekerjaan masyarakat. Dampak jangka panjang dapat dikurangi dengan perbaikan tata kelola, lingkungan bisnis yang lebih ramah kepada investor dan meningkatkan anggaran untuk memperbaiki fasilitas pendidikan dan kesehatan.  ","PeriodicalId":34741,"journal":{"name":"El Barka","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73590534","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}