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Abdul Rahim; Trie Hierdawati; Elman Azizov

International Journal of Islamic and Economic Education 2024 International Forum of Researchers and Lecturers

This study explores the role of Sharia-compliant crowdfunding platforms as ethical financial innovations in supporting green startups, particularly in emerging economies. Green startups, which are inherently mission-driven and environmentally conscious, often face challenges in accessing traditional funding due to the long-term nature of their returns and perceived investment risks. Conventional financing mechanisms are frequently profit-oriented and risk-averse, making them unsuitable for ventures that prioritize sustainability and community impact. In contrast, Sharia-compliant crowdfunding platforms offer alternative financing pathways that are grounded in Islamic ethical principles, such as profit-and-loss sharing and the prohibition of interest and speculation. The research uses a qualitative-comparative case study approach, drawing from secondary data and interviews with platform operators and green startup founders. Thematic and comparative analyses reveal that Sharia crowdfunding platforms not only attract ethically motivated investors but also foster trust, transparency, and alignment with the values of environmentally conscious communities. These platforms provide higher levels of ethical accountability, although they are currently limited by low public literacy and a lack of regulatory frameworks in many regions. The study concludes that Sharia-compliant crowdfunding platforms have significant potential to bridge the financing gap for green startups. Their success depends on collaborative support from government, financial institutions, and academia, along with increased efforts in education and regulatory development. By integrating religious ethics and sustainable finance, these platforms can help create inclusive, transparent, and socially responsible funding ecosystems that contribute meaningfully to green economic growth.

Mhd Zulkifli hasibuan; Mimi Rosadi; Alkausar Saragih; Dalyanto Dalyanto; Dian Habibi

Jurnal Hasil Kegiatan Bersama Masyarakat 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This Community Service aims to introduce the basic concepts of sharia economics to students at Nurul Hasanah High School. The background to this Community Service is the importance of understanding an economic system that is in accordance with sharia principles among the younger generation, especially in the school environment. Sharia economics, which is based on Islamic values such as justice, transparency and social responsibility, offers an ethical and sustainable alternative in economic management. This Community Service uses an educational approach through counseling, discussions and simulations to provide a comprehensive understanding of concepts such as usury, zakat, mudharabah and profit sharing.Community Service shows that before this program, many students had a limited understanding of sharia economics and often equated these concepts with conventional economics. After participating in the program, there was a significant increase in their understanding of the basic principles of sharia economics, as well as awareness of the importance of applying ethics and moral values in economic activities. In addition, students also show a high interest in learning more and applying these concepts in everyday life, including in personal financial management and business activities.This program is expected to be sustainable and further developed to cover other relevant topics, such as Islamic banking and halal investment, in order to equip students with in-depth knowledge and practical skills in the field of Islamic economics. Thus, this program not only contributes to increasing Islamic financial literacy among students, but also to the formation of character based on the values of justice and social welfare

Br Tarigan, Nuragus Listiyani; Rangkuty, Dewi Mahrani; Abdiyanto Abdiyanto

International Journal of Economics, Commerce, and Management 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study examines the influence of monetary policy, particularly interest rates, on economic stability in the TIMI countries (Thailand, India, Malaysia, and Indonesia). It underscores the vital role of interest rates in controlling inflation and stimulating economic growth. Utilizing a Vector Autoregression (VAR) model, the research analyzes the reciprocal relationships between crucial economic indicators such as GDP, CPI, exchange rates, consumption, interest rates, and trade balances from 2008 to 2022. For instance, adjustments in interest rates can influence investment levels, consumption patterns, and inflation rates, thereby affecting overall economic activity. The Granger causality tests indicate that short-term relationships between these variables are insignificant, but long-term interactions are evident. This supports the Johansen cointegration results, which confirm two cointegrated equations at the 5% significance level. The study emphasizes maintaining interest rate stability for sustainable economic growth and price stability. It highlights that fluctuations in interest rates, influenced by global economic conditions and domestic economic policies, play a crucial role in the economic performance of TIMI countries. Recommendations for central banCM include implementing responsive and adaptive interest rate policies to manage inflation, foster economic growth, and maintain exchange rate stability. This approach is essential for addressing disparities in income, education, healthcare, and technology access, which are critical for equitable economic development. In conclusion, this research underscores the importance of a nuanced understanding of monetary policy's impact on economic stability and the need for coordinated efforts between fiscal and monetary authorities to achieve long-term

Ivan Adhi Prasetyantono; Adrianus Reven Salude; Marzella Mutiara Putri

Journal of Civil Criminal Law 2024 International Forum of Researchers and Lecturers

The capital market is one of them part important in representation condition country's economy. In the capital market there are several instruments are traded, one of which is is mutual funds. Mutual funds become enough choice​ interesting for society, however there is case fail pay that mutual fund investors experience​ loss. Case fail pay product mutual funds viz fail pay consequential RDT assets debt securities issued by PT. Tridomain Performance Materials Tbk Study This use method approach juridical normative that is study law literature carried out with method research material References or secondary data as base For researched with method stage search to regulation legislation and related literature​ with the problems studied. And using secondary data as base For researched. Protection law can done with use protection law preventive and repressive in case investment mutual funds as form protection to investors from government. Losses experienced by investors as a result fail pay PT. TDPM to MMI, shows that TDPM has not quite enough answer as you can form pay whole obligations and compensation make a loss as well as accept all possible sanctions​ form administrative, civil, up to criminal. Protection law preventive can seen with exists regulation established legislation​ such as the Capital Markets Law, P2SK Law, POJK 48/2015, POJK 31/2015, and others. Protection law repressive form enforcement penalty from administrative even until bankruptcy. Not quite enough answer must carried out by TDPM viz pay obligation along with flower in accordance agreement debt restructuring up to imposition penalty. And necessary see form MMI's responsibility as Manager Invest in cases This.    

M. Khotim; Dwi Novaria Misidawati

Maslahah : Jurnal Manajemen dan Ekonomi Syariah 2024 STAI YPIQ BAUBAU, SULAWESI TENGGARA

The phenomenon of investment in the capital market is increasingly developing, especially the sharia capital market. Establishing a sharia capital market is the right decision considering that Indonesia is the country with the largest number of Muslims. The sharia capital market should be helped by the presence of a large Muslim community. However, in reality the level of public interest in the Islamic capital market has decreased. Irwan Abdullah as Head of the IDX Sharia Capital Market Division said that the market share of the sharia capital market decreased after the Covid-19 pandemic. Determining investment decisions is related to several things, such as financial literacy, risk tolerance, and religiosity. The aim of this research is to analyze the influence of financial literacy, risk tolerance and religiosity on the decision to invest in the sharia capital market among FEBI UIN K.H Abdurrahman Wahid Pekalongan students. This type of research is field research or field research with a quantitative approach. The population in this study was 2569 FEBI students. The data collection method is a questionnaire that has been tested as valid and reliable using a sample of 100 respondents. This research uses a multiple linear regression test data analysis method with the help of SPSS 21. The results of this research show that financial literacy and religiosity influence investment decisions. Meanwhile, risk tolerance does not influence investment decisions. Then simultaneously financial literacy, risk tolerance and religiosity influence investment decisions.    

Kharisma Febriani; Firly Ni’matussyifa; Dien Noviany Rahmatika

Akuntansi dan Ekonomi Pajak: Perspektif Global 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Accounting Fraud has become a major problem across all industries, causing financial loss and damaging an organization's reputation. In this research, the goal to be achieved is to understand how an individual's morality and internal control influence the occurrence of fraud. Fraud cases in Indonesia have increased along with business growth and developing investment opportunities. Company financial reports are often presented maximally to attract investor interest. This research applies a Systematic Literature Review (SLR) approach. This literature review was carried out by collecting articles published in international and national journals from 2017 - 2024. Of the 336 articles found, 52 articles were taken for further analysis based on certain criteria. Articles collected via Google Scholar, Semantic Scholar, ResearchGate and Garuda. In this study, articles were grouped based on the year in which they were published, the number of authors involved, the research methods used, and the data collection techniques applied. The findings from this study indicate that this subject will be the most discussed in 2022, with 13 related journals. Most of the authors come from the Indonesian Hindu University in the Hita Accounting and Finance journal, contributing 22% of the total articles. The method most commonly used in this research is quantitative, with questionnaires as the main approach to collecting data.

Dimas Dwi Amrico Py; Arsa Arsa; Nurlia Fusfita

Jurnal Inovasi Ekonomi Syariah dan Akuntansi 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Investing in the Shariah capital market is not only a potential business choice but also an embodiment of the recommended practice of muamalah in Islam, where wealth is used productively to bring benefits to oneself and others. This study found that financial literacy has a significant influence on students' investment interest, with a significance value of 0.000. Financial literacy plays a crucial role in shaping wise financial behavior, where a deeper understanding of finance and investment can help individuals manage their finances better. Additionally, Shariah investment gallery activities also have a significant influence on students' investment interest, with a significance value of 0.012. These activities provide students with a deeper understanding of the mechanisms and principles of the Shariah capital market, thereby increasing their interest in investing. Managing pocket money is also a significant factor in determining students' investment interest, with a significance value of 0.003. Wise management of pocket money allows some students to use part of those funds for investment, subsequently increasing their interest in the Shariah capital market. Simultaneously, the research results show that financial literacy, Shariah investment gallery activities, and pocket money management have a significant influence on students' investment interest, with a significance value for the F-test of 0.000.    

Jason Fernando

International Journal of Sociology and Law 2024 Asosiasi Penelitian dan Pengajar Ilmu Hukum Indonesia

Indonesia is one of the countries in Southeast Asia rich in nickel reserves, so this has become an attraction for foreign investors to compete to invest amid a drastic increase in market demand for lithium batteries for electric vehicles. Tesla, Inc. became one of the investors who showed interest in the potential for establishing a lithium-ion battery factory for electric vehicles. Indonesia is aware of Tesla's enthusiasm in trying to conduct intense negotiations and lobbying because these MNCs have several advantages in terms of advanced features and acceleration, as well as adhering to green principles. The author's aim in raising this issue is to reflect on Indonesia's long process of building government-to-business negotiations and lobbying with Tesla, where Indonesia sees this opportunity as a step to pursue national interests. The method used in this research is based on a literature study through secondary data collection. The findings from this research are that both Indonesia and Tesla use a rational approach and integrative strategy in negotiating investment cooperation. However, Indonesia's optimistic attitude is reflected in experiencing various challenges, including competition from competitors from other countries and unsustainable nickel mining problems.

Hansen Rusliani; Beid Fitrianova Andriani; Heri Heri

EBISNIS : JURNAL ILMIAH EKONOMI DAN BISNIS 2024 LPPM Universitas Sains dan Teknologi Komputer

Analyzing influence of financial literacy, information technology, and minimum capital on interest in investing in shares in the Islamic capital market. Financial literacy (X1) has a significant positive effect on investment interest (Y). Tcount value is 4.156 > Ttable 1.662 and the Sig value is 0.000 < 0.05. Information technology (X2) has a significant positive influence on Investment Interest (Y). Calculated T value of the information technology variable is 6.120 > 1.662 with a significance value of 0.000 < 0.05. Minimum capital (X3) has an insignificant positive influence on investment interest (Y). The T value of the minimum capital variable is 2.812 > 1.662 with a significance value of 0.06 > 0.05. Financial literacy, information technology and minimum capital together have a significant effect on investment interest. Significance values ​​(X1), (X2) and (X3) simultaneously influence (Y) by 0.000 < 0.005 and value of Fcount > Ftable (79.354 > 2.700).

Edgar David Richardo Daeli; Nina Mistriani

International Journal of Communication, Tourism, and Social Economic Trends 2024 Asosiasi Penelitian dan Pengajar Ilmu Sosial Indonesia

The WO (Weaknesses-Opportunities) strategy focuses on overcoming weaknesses such as limited supporting facilities and lack of promotion by taking advantage of external opportunities such as high interest in religious tourism and promotion through print and digital media. This involves increasing promotion and marketing and developing attractive religious tourism programs. The WT (Weaknesses-Threats) strategy focuses on overcoming internal weaknesses, such as limited supporting facilities and competition from other tourist destinations, by facing external threats, such as cultural values ​​and economic uncertainty changes. This involves investment in developing tourism infrastructure and improving the quality of services at Nyai Brintik Tomb. By implementing these strategies, it is hoped that the potential for religious tourism at the Nyai Brintik Tomb can be optimized effectively, increasing the number of tourist visits, increasing tourism income, and strengthening local cultural identity. Apart from that, the development of religious tourism at the Nyai Brintik Tomb can also contribute to the sustainable development of the Mount Brintik area as a whole by paying attention to aspects of environmental preservation, local economic development and community empowerment. Thus, the Nyai Brintik Tomb has the potential to become one of the leading religious tourism destinations in the city of Semarang, attracting visitors from various groups and providing a memorable and meaningful tourist experience.

Nawang Wulan Cahya Ningrum; Putri Silviana; Dien Noviany Rahmatika

Akuntansi Pajak dan Kebijakan Ekonomi Digital 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study aims to investigate how the financial achievements of Indonesian regional authorities are influenced by capital expenditure and PAD. The study employs the Systematic Literature Review (SLR) methodology. This method is used to ascertain, research, assess, and interpret any surviving studies relating to interesting phenomena using specific relevant research problems. SLRs can be used to find journals and conduct thorough reviews, each procedure adhering to standards or guidelines. In this study, 50 journals were used as references. The study's findings indicate Research findings prove that pure regional revenues provide important benefits regarding regional financial performance. This demonstrates how raising local real income can improve local governments' financial performance in satisfying development and community demands. On the other side, capital spending also significantly improves local governments' financial performance. This means that a rise in capital spending can strengthen the regional development structure and increase the competitiveness of the local economy. This research provides policy implications that “municipal authorities must focus on" pay attention to the diversification of local original income and increase fund distribution for capital investments to support economic growth and community welfare. In addition, this research also indicates the significance of effective and transparent financial management to achieve regional development goals in a sustainable manner.    

Tiara Febiyola; Rai Sri Utari; Beby Triana Panggabean; Rina Agustina

Deposisi: Jurnal Publikasi Ilmu Hukum 2024 International Forum of Researchers and Lecturers

This journal analyzes stocks as investment securities. In the modern era, stocks have become a popular investment choice due to their high potential returns and ease of access through digital platforms. However, stock investments also carry significant risks, such as sharp price fluctuations. This study aims to provide a deeper understanding of the advantages of stocks compared to other investment instruments, factors influencing public interest in stock investments, and the development of stock investments in Indonesia after the enactment of Law No. 11 of 2020 on Job Creation. The research method used is normative and juridical approaches, by examining legislation and related literature. The expected outcome of this study is to enhance financial literacy among the public and assist in making smarter and wiser investment decisions.

Ossi Ferli; Bambang Budhijana; Ajeng Rida Riyanti; Catur Nugrahani; Yola Pangestu Anggraeni +1 more

Jurnal Hasil Kegiatan Bersama Masyarakat 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Financial planning to encourage investment in SMAN 4 Depok students is carried out so that SMAN 4 Depok students understand the concept of financial planning and investment so that students start getting to know about investment from an early age. Qualitative methods were used in this study with data obtained from pre-test and post-test questionnaires to students of SMAN 4 Depok. The result obtained by researchers after conducting socialization is an increase in students' understanding of personal financial planning and investment so that they can make wise financial decisions early. The focus of material suggestions expected by SMAN 4 Depok students is advanced material related to investment, such as more specific submissions related to investment instruments. Based on the community service activities presented and the suggestions provided by the students, there is a keen interest in delving deeper into advanced investment topics. This proves that delivering financial planning and investment material with the right approach can enhance students' financial awareness and interest.

Veronika Christine Mevelia; Thesalonika Djumaifin; Achmad Bagas Djuan Rajendra; Felix Chandra Pranoto; Lisrotul Munawaroh +1 more

Jurnal Manajemen Bisnis Era Digital 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This research aims to examine the impact of financial performance on stock return investment decisions of private investors using financial ratio analysis on LQ45 companies. The analysis focuses on the influence of Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) ratios on stock return.The analysis results indicate that ROA has a positive impact on stock return, as excellent ROA performance reflects management's ability to manage assets to achieve profitability, which can attract investor interest in buying company shares and lead to increased stock return. However, ROE and NPM do not have a positive impact on stock return. Investors tend to consider other financial factors, so even with high ROE and NPM, if other financial indicators show negative performance, company shares may still be perceived poorly by investors.The implications of this research highlight the importance for companies to focus on financial performance, especially ROA, in investment decision-making. Additionally, investors are advised to consider all financial aspects holistically when evaluating the investment potential of stocks.

Nabilah Qurrotul `Aini; Hwihanus

Jurnal Sistem Informasi dan Ilmu Komputer 2024 International Forum of Researchers and Lecturers

This study aims to investigate the influence of macro fundamental variables (such as inflation, interest rates, and exchange rates), micro fundamental variables (such as DER, DPR, DR), as well as capital structure variables, financial performance, and ownership structure as intervening variables on firm value in the mining sector on the Indonesia Stock Exchange. This study uses a quantitative approach with secondary data from the financial statements of mining companies listed on the Indonesia Stock Exchange for the period 2010 to 2019. Data collection is done by random sampling of these companies, and data analysis uses the SmartPls 4 application to test the relationship between the variables studied. The results of this study are expected to provide a deeper understanding of how macroeconomic and microeconomic fundamental factors, as well as capital structure, financial performance, and ownership structure, contribute to firm value in the context of the mining sector in Indonesia. The practical implications of this study are expected to provide guidance to stakeholders, including company management, investors, regulators, and academics, in optimizing investment strategies and decision-making in this highly potential sector. This research can also make a theoretical contribution in expanding the understanding of the factors that influence firm value in the mining sector

Kustiawan Kustiawan; Syaihidina Hefir; Zhahara Dwi Amanda; Ajeng Aprianingsih; Nana Amelia Serikat

Jurnal Ilmu Pendidikan, Politik dan Sosial Indonesia 2024 Asosiasi Peneliti dan Pengajar Ilmu Hukum Indonesia

Industrialization has helped the economic growth and progress of many countries, but it is still understood about its effects on government, power structures, and social relations. The study investigates the impact of industrialization on these three components, with particular emphasis on Indonesia. Government has changed significantly as a result of industrialization, which has played an important role in driving industrial growth. To attract foreign investment, improve infrastructure, and improve the business environment, governments have implemented several policies, but there are concerns about their ability to oversee industry and protect the interests of local communities. In addition, the power structure has undergone significant shifts, with the emergence of new social classes and the consolidation of power among certain classes. The industrial sector has also created new opportunities for social mobility, but has also exacerbated economic and social disparities. To solve this problem, this study suggests that the distribution of wealth and power must be fairer. Industrialization, along with increased urbanization and urban growth, has had a significant impact on social relations. The study investigates how industrialization has affected social relationships, including its impact on family structures, community networks, and social identities. So, Indonesian government, power structure, and social relations are heavily influenced by industrialization. Although it has produced significant economic gains, it has also created new problems and differences. This research suggests that a deeper understanding of the impact of industrialization is vital, as are the policies needed to address the social and economic impacts of industrialisation.

Yolanda Kirana Sari; Agung Rizkiyan; Apriza Apriza

Jurnal Ekonomi Keuangan Syariah dan Akuntansi Pajak 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Unemployment is a significant economic problem that can affect society's well-being. In an Islamic economic perspective, unemployment is viewed through the lens of social justice, equitable distribution of wealth, and other sharia principles. The causes of unemployment in an Islamic economy include unfair distribution of wealth, lack of relevant education and skills, injustice in the conventional interest-based financial system, and economic and political instability. To overcome unemployment, Islamic economics offers solutions through the effective implementation of zakat, alms and waqf, the use of profit-sharing-based financial instruments such as mudharabah and musyarakah, as well as investment in education and skills training. The government also plays an important role in creating an environment that supports job creation through fair and stable policies. Encouraging entrepreneurship through training and access to capital is also an effective strategy in reducing unemployment. This holistic approach not only aims to reduce unemployment levels, but also to create a more just and prosperous society in accordance with Islamic economic principles.    

Moch. Iqbal Zulfikar Pd; Loso Judijanto

Jurnal Manajemen dan Ekonomi Bisnis 2024 Pusat Riset dan Inovasi Nasional

This study aims to analyze the impact of globalization on corporate financial risk, focusing on exchange rate risk, interest rate risk, and country risk. The research employs a quantitative method, utilizing data from the annual financial reports of multinational companies listed on stock exchanges from 2010 to 2020. Data analysis is conducted using descriptive and inferential statistical techniques, including multiple regression to evaluate the relationship between independent variables (globalization factors such as exports, imports, and foreign direct investment) and dependent variables (levels of financial risk faced by companies). The findings indicate that globalization significantly influences these three types of financial risk. Companies involved in international trade tend to face greater exchange rate fluctuations, dynamic interest rate changes, and higher country risk compared to companies operating in domestic markets. To manage these risks, companies need to develop comprehensive risk management strategies, including the use of derivative instruments, thorough political and economic risk analysis, and investment in advanced technologies. Continuous training and fostering a strong risk culture within the organization are also critical factors in effective risk management. This study provides in-depth insights into how globalization affects corporate financial risk and offers strategic recommendations to enhance financial resilience in a global context.

Ananda, Qori; Nurul Fatihah Azmi; Qonita Febriani; Gunawan Aji

Jurnal Inovasi Ekonomi Syariah dan Akuntansi 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This research aims to provide a deeper understanding of the basic differences between bonds and sukuk, as well as the implications for Muslim investors in choosing investment instruments that comply with sharia financial principles. The money method used is descriptive-analytical with a qualitative approach to compare bonds and sukuk from a sharia financial perspective. Data was obtained through literature studies from journal literature and official documents related to these two financial instruments. The results of this research are first, although sukuk and bonds are almost similar, if examined more deeply, the two have contradictory characteristics. The main difference is in the use of sharia principles in sukuk while bonds do not. Second, conventional bonds do not require collateral assets, while sukuk must have collateral assets. Third, sukuk is not a debt and receivable instrument that charges interest (riba) like bond transactions, but just like sukuk bonds are part of an investment instrument. Fourth, in terms of offering price, maturity, bond principal at maturity, and rating between sukuk and bonds there is no difference.

Wibi Azhar Firmansyach AK; Endang Indartuti

Birokrasi: JURNAL ILMU HUKUM DAN TATA NEGARA 2024 Sekolah Tinggi Ilmu Administrasi (STIA) Yappi Makassar

The provision of public services to the community is one of the most important tasks of government. In order to fulfill the needs and interests of the community, public services are provided by the government, private parties acting on behalf of the government, or private parties directly to the community, whether financed or unfinanced. Strategic roles and functions in the field of implementing integrated licensing services in Surabaya City are carried out by the Surabaya City Investment and One-Stop Integrated Service Office (DPMPTSP). This office was formed based on Surabaya Mayor Regulation Number 084 of 2021 concerning the Position, Organizational Structure, Job Description, and Functions and Work Procedures of the Investment and One-Stop Integrated Service Office of Surabaya City. The program carried out by these students aims to increase productivity and efficiency in public services. With this, the expected results are good in terms of productivity, effectiveness and efficiency.