Bulletin of Islamic Economics

Corporate Social Responsibility as a Moderator of Factors Influencing The Value of Mining Companies Listed in ISSI for The 2018-2022 Period

2025-01-21T10:30:33+07:00

This study aims to examine the influence of liquidity, profitability, and leverage on firm value, and to test whether corporate social responsibility (CSR) can moderate these three variables. Liquidity, profitability, leverage, and CSR disclosure are factors that serve as the basis for investors in considering investments in a company. Firm value reflects the welfare of the company’s shareholders. The population in this study consists of 47 mining sector companies listed on ISSI from 2018 to 2022. Using purposive sampling, a sample of 10 companies meeting the criteria was selected. Data analysis was conducted with the aid of E-Views software. Based on the results of data analysis and hypothesis testing, it can be concluded that the liquidity variable (Current Ratio) has a positive effect on firm value (Tobin's Q), and CSR can moderate the effect of liquidity (Current Ratio) on firm value. Meanwhile, other variables, such as profitability (Return On Asset), leverage (Debt to Equity Ratio), profitability moderated by CSR, and leverage moderated by CSR, do not affect firm value (Tobin's Q).

The Impact of Green Tax Policy, Environmental Awareness and Religiosity on The Intention of Umkm to Adopt Circular Economy Practices Moderated by Monetary Value

2025-01-28T14:04:12+07:00

This study aims to determine the effect of green tax policy, environmental awareness, religiosity and monetary value on the intention of MSMEs to adopt a circular economy system. The sampling technique used is purposive sampling, with a total of 120 samples determined using the G-power application. The data analysis method in this study uses partial least squares structural equation modeling (SEM-PLS). The results of the analysis show that the variables of green tax policy, religiosity and monetary value are proven to have a significant influence on the intention of MSMEs. However, the religiosity variable shows a negative value, so it is considered that the higher the value of one's religiosity, the lower the intention, while the environmental awareness variable is proven to have no significant influence on the intention of MSMEs. Meanwhile, the monetary value variable proved unable to moderate the green tax policy variable, environmental awareness and religiosity on MSME intentions.

Contribution of Stocks, Bonds, and Mutual Funds to Indonesia's Economic Growth: An Input-Output Approach

2025-04-20T12:10:10+07:00

This study analyzes the impact of conventional investment on Indonesia's economic growth through the Input-Output approach. By analyzing secondary data from the Central Bureau of Statistics and the Financial Services Authority, this study aims to identify the contribution of capital market instruments such as stocks, bonds, and mutual funds to economic growth. The analysis results show that stocks, bonds, and mutual funds significantly drive economic growth, serving as the main driver in increasing the productivity of related sectors. This research provides important insights for policymakers and investors in promoting sustainable economic development.

Analysis of Leading Sector Identification in East Java Province in 2016 (Input-Output Aproach)

2025-04-20T19:00:01+07:00

In planning alternative strategies, there are a variety of analytical tools that can be used, each with its own advantages and limitations. For example, indicators of prosperity are usually measured through Gross Regional Domestic Product (GRDP). Although GRDP provides an overview of the contribution of each sector to the regional economy, this data is proportional (share) and is not able to describe the relationship between sectors as a whole. In other words, GRDP cannot show the extent of inter-sectoral linkages as the main driver of the regional economy. Therefore, this study uses input-output analysis. This analysis is considered more comprehensive because it is able to describe the linkages between economic sectors in a region as a whole. Through this approach, the impact of production changes in one sector on other sectors can be known more clearly. In addition, input-output analysis can also measure the impact on community welfare through primary inputs in the form of added value. Thus, changes in production in certain sectors can show how much the prosperity of the people in the region has increased or decreased.

Markov Chain Method to Predict The Sustainability of E-Money Use by Young People in Yogyakarta

2025-04-20T19:11:22+07:00

The rapid development of digital technology has significantly driven the widespread adoption of electronic money (e-money), particularly among young adults who are generally more adaptive to technological innovations in payment systems. This study aims to predict the sustainability of e-money usage using a Markov chain model approach. Primary data was obtained through a survey of 100 respondents aged 17-30 years, who described their preferences for three e-money services: Dana, Mobile Banking, and ShopeePay. The analysis results show that Mobile Banking has the highest retention rate (62%) and is likely to be the dominant service in the long run. The steady-state prediction indicates that 57.48% of users will continue to use Mobile Banking, while Dana and ShopeePay decline to 19.01% and 23.51% respectively. Although e-money usage is still high, there is a tendency for preference shifts as well as a potential decline in sustainability. Therefore, digital service providers need to respond to this dynamic with innovative strategies to maintain the engagement of young users. This research contributes both theoretically through the application of mathematical models in digital consumer behaviour, and practically for the development of technology-based financial business strategies.