Operating Performance Of Companies Research Articles

Analisis Pengaruh Kinerja Keuangan Terhadap Zakat Perusahaan Asuransi Syariah


 Sharia insurance is an effort to protect and help each other among policyholders which is carried out through the collection and management of tabarru funds that provide a pattern of returns to face certain risks through contracts that are in accordance with sharia principles. The aims of this study are (1) to understand the financial performance of Islamic insurance companies, (2) to understand the company's zakat, (3) to understand the effect of financial performance on Islamic insurance companies' zakat, and (4) to understand ROE and ROA. The research used in this research is quantitative deskriptive. The data is taken from secondary data, namely secondary financial statements. Hypothesis testing in this study uses regression analysis. In this study using the company's performance by using the ratio of ROE and ROA. The results of this study indicate that the company's performance using the ROE and ROA methods on the calculation of company zakat has a positive influence on company zakat, but all the results of the calculation can be concluded that insurance company zakat is influenced by the company's operational performance but not fully influenced by ROA and ROE, however. This could be a factor that influences the company in issuing its obligation to pay zakat.
 Keywords: Financial Performance, Corporate Zakat, Sharia Insurance

Performance Analysis of CSR Implementation of PT. Golden Great Borneo Year 2021 in Lahat District

Corporate Social Responsibility (CSR) is an obligation that must be carried out by companies that manage natural resources. The Minister of Energy and Mineral Resources of the Republic of Indonesia number 1824 K/30/MEM/2018 requires every company to prepare a master plan for Community Development and Empowerment during the production and post-mining operations. PT. Golden Great Borneo is committed to implementing CSR according to these guidelines, with the aim of establishing good relations with the community around the mining area. This study aims to analyze the performance of the company's CSR implementation in 2021. Where that year was the first year the company carried out CSR with the guidance of the PPM master plan. This research was conducted using a transcript of interviews with the ring 1 community and the company. The analysis was conducted to see the performance of CSR implementation and its effect on the company's operations. The results of the analysis show that the company's CSR implementation performance will be good if it is supported by the competence of the company's CSR implementing team. Because this team will collect input suggestions, arrange activities, budget, activities, and carry out activities with beneficiaries. The CSR program run by the company referring to the Decree of the Minister of Energy and Mineral Resources of the Republic of Indonesia number 1824 K/30/MEM/2018 is running effectively with the percentage of budget realization reaching 121.45%. This good CSR performance has an indirect positive influence on the company's operational performance, especially at the level of the company's coal sales.

Influence of Intellectual Capital on Operational Performance through Innovation Capability in Indonesia’s Defence Industry

<p>This research examines the impact of intellectual capital on operational performance through innovation capabilities in the defence industry in Indonesia, PT. Pindad (Persero). Network processes within the company are assessed by internal performance, which is described by the company's operational performance. 142 employees who work in the production function were sampled in this research using the probability-sampling method with a stratified random sampling type. SEM-PLS was used as a data analysis model. Human capital, structural capital and social capital are three components used in the research. This study provides empirical evidence that these three components influence operational performance. In addition, it is known that human capital, structural capital, and social capital affect innovation capability, and the company's operational performance is influenced by innovation capability. In an indirect relationship, the results interpret that the influence of human capital, structural capital and social capital on the company's operational performance can be through innovation capability. This research provides input to the defence industry to improve performance by increasing the intellectual capital owned by the company without ignoring the importance of innovation capability.</p>

Sistem Pendukung Keputusan Pemilihan Karyawan Terbaik dengan Metode Profile Matching pada PT. KB Finansia Multi Finance Cabang Depok Divisi Operation

The success of a company is influenced by good HR management. The establishment of human resources with good quality is expected to improve the company's operational performance. The condition that is the company's problem in determining the best employees lies in the evaluation process is still carried out subjectively and manually, which makes the company difficult in determining the eligibility of an employee to be the best employee then a decision support system is needed to minimize problems in analyzing employee performance results. This research aims to provide convenience for the company to get optimal results and admit in determining the best employees at PT. KB Finansia Multi Finance uses the Profile Matching method. The population in this study is the staff operation of PT KB Finansia Multi Finance Depok which amounted to 35 employees and took 10 samples of employees of the staff administration. The results of this study used the Profile Matching method and determination using quantitative data from filling out questionnaires that in it contained several aspects of criteria such as work attitudes, abilities, performance and work experience and disseminated to 10 respondents consisting of superiors, peers, and office boys.

The Influence of Leadership and Innovation on Operational Performance

The purpose of this study is to examine the importance of leadership and innovation in improving the operational performance of an organization. This study aims to prove that leadership and innovation can affect the company's operational performance. This research is a type of quantitative research where data is collected using questionnaires and respondents who are willing to provide information about the actual conditions that occur in the Company through answers to questionnaires that have been distributed by researchers. The research focused on 67 micro-entrepreneurs located in Serang City and District, Indonesia who are engaged in transportation, travel, education and agriculture. The analytical method used is PLS-SEM with Smart PLS analysis tool. The results of this study are leadership has a positive effect on innovation. Leadership has an effect on Operational Performance. And, Innovation has a positive effect on Operational Performance.

Kajian Rasio Profitabilitas dan Rasio Solvabilitas Pt Astra International Tbk

Assessment of financial performance for companies is important because it is used to see the company's performance in the future by knowing the overall picture of the financial position. The purpose of this study is to examine the company's financial performance using the profitability ratios calculated using the Gross Profit Margin, Net Profit Margin, Return On Assets, Return On Equity and the solvency ratio calculated using the Debt to asset ratio and the Debt to equity ratio. The method used in this research is descriptive study with the main object of this research is PT Astra International Tbk. The type of data used is secondary data, secondary data obtained from company financial statements that have been audited for the 2017-2020 period. The method of analysis in this study is horizontal analysis by comparing financial statements with different periods. The results in the study using the profitability ratios from the 2017-2020 period on Gross Profit Margin and Net Profit Margin fluctuated which indicated that the company's operational performance was not good, Return On Equity had decreased and Return On Assets was in a fluctuating condition. For calculations using the solvency ratio has decreased, which means the company's financial performance is getting better and more effective.

Analisis Pengaruh Kinerja Keuangan Terhadap Zakat Perusahaan Asuransi Syariah


 Sharia insurance is an effort to protect and help each other among policyholders which is carried out through the collection and management of tabarru funds that provide a pattern of returns to face certain risks through contracts that are in accordance with sharia principles. The aims of this study are (1) to understand the financial performance of Islamic insurance companies, (2) to understand the company's zakat, (3) to understand the effect of financial performance on Islamic insurance companies' zakat, and (4) to understand ROE and ROA. The research used in this research is quantitative deskriptive. The data is taken from secondary data, namely secondary financial statements. Hypothesis testing in this study uses regression analysis. In this study using the company's performance by using the ratio of ROE and ROA. The results of this study indicate that the company's performance using the ROE and ROA methods on the calculation of company zakat has a positive influence on company zakat, but all the results of the calculation can be concluded that insurance company zakat is influenced by the company's operational performance but not fully influenced by ROA and ROE, however. This could be a factor that influences the company in issuing its obligation to pay zakat.
 Keywords: Financial Performance, Corporate Zakat, Sharia Insurance

Relationship between Just in Time, Lean Manufacturing, and Performance Practices: a meta-analysis

Abstract: Companies strive for superior results. Focusing on return, performance, and profitability is mainstream; this reasoning is constantly present in the decisions of the strategic operational management of companies. Based on this assumption, the objective of this work is to evaluate empirically whether the degree to which a company implements a combination of Just in Time (JIT) or Lean Manufacturing practices systematically affects the company's operational, financial, and/or organisational performance. For this, a meta-analysis was carried out; the final sample consisted of 28 articles, with 41 studies and 12,708 included subjects who provided the effects that explain the proposed relationship. The data were collected in the Web of Science, EBSCO, and Science Direct databases, with an open period, considering all works available until July 2020. Among the main findings, JIT practices and the company's operational performance present a positive, significant, medium effect. Lean manufacturing practices demonstrate a positive and significant relationship in operational, financial, and organisational performance, all with an average impact on the effect size. No direct relationship was found between the JIT variables and organisational performance (financial, operational, and environmental), based on the TBL. Additional research is needed regarding the relationship of JIT and Lean Manufacturing practices with the organisational performance (financial, operational, and environmental) based on the TBL, as well as an in-depth analysis of previous research related to green Lean practices and their relationship with organisational performance, based on the TBL.

Open Innovation in E-Procurement Implementation at PT AL

PT AL is a leading company in Indonesia in the field of Datacom, Telecommunications, and ICT for more than 30 years. Companies in this field prefer external parties compared to internal parties in developing e-procurement systems. This study reveals how open innovation is implemented in an e-procurement system and how open innovation in e-procurement implementation must be adjusted by the organization's internal regulations. The purpose of this study is to provide an in-depth analysis of how private companies use e-procurement implementation and how open innovation is carried out on the e-procurement system. This research was conducted with a qualitative approach and the type of research was ethnography, the authors made observations, field notes, and in-depth interviews with company structures and partners who helped develop the system. The results of this study indicate that open innovation can affect the company's operational performance. Furthermore, open innovation is an internal consideration for developing the system because it becomes more practical and there is an exchange of knowledge between the two parties. This research can provide benefits to the academic and practical world, especially the theme of open innovation of e-procurement systems in private companies.

CONCEPTUAL MODEL FOR COVID 19 PROTOCOL’S EFFECT FOR INTERNAL SUPPLY CHAIN TO SUSTAIN COMPANY OPERATIONAL PERFORMANCE

Supply chain is an organizational system in which there are roles and perform various activities, including information, funds and other resources that are interrelated in the movement of a product or service from supplier to customer. One typical supply chain management is internal supply chain management, where is one of the integrated activities that plays an important role in the operational performance of the company, but in Covid-19 pandemic era every country including PT. AST Indonesia has implemented the Covid-19 health protocols along with their government role, WHO’s role also International Safety standard such as OHSA. Internal supply chain is composed strategic purchasing, production and distribution exactly will have affected by this health protocols. Some researchers have published many factors that influence the performance of the company like quality, flexibility, innovation but also important to study the relevant thing with Covid-19 health protocols. In this paper, we proposed a conceptual model consist of Covid-19 health protocols, strategic purchasing, production, and distribution to sustain company operational performance. AHP method is use in this research to find the dominant influencing protocol factor that affecting in making of ISCM sustainability strategy.

TOTAL QUALITY MANAGEMENT IN AFFECTING COMPANY OPERATIONAL PERFORMANCE IN CONVECTION SMEs WITH ORGANIZATIONAL COMMITMENT AS A MEDIATOR

This study aims to prove the role of Total Quality Management (TQM) and organizational commitment in supporting the achievement of company operational performance. The population was all Convection SMEs in the city of Banda Aceh, consisted of 294 Convection SMEs. The sample was selected using a proportional sampling technique where sampling considers elements or categories in the study population. The sample taken was 15% of the population. One respondent represented one unit of SMEs, so the sample has amounted to 169 respondents. Data was collected using questionnaires. The model was analyzed with the Structural Equation Model Analysis. The result showed an influence between TQM on Organizational Commitment, TQM on Company Operational Performance, and Organizational Commitment on Company Operational Performance. This study also found that organizational commitment can act as a partial mediator to strengthen the effect of TQM on Company operational performance. The interesting issue in this study lies in the discussion of the organizational commitment to solving the inconsistency problems in the quality of convection production in SMEs. Furthermore, the other researchers can provide more concepts and variables to enrich this research model, like other mediators for TQM to achieve performance or even the commitment that can strengthen the TQM and performance. The model also can be a reference for practitioners to set their strategy in further, to go more productive.

PENGARUH PENGUNGKAPAN TANGGUNG JAWAB SOSIAL, RASIO INTENSITAS MODAL DAN RASIO INTENSITAS PERSEDIAAN TERHADAP PENGHINDARAN PAJAK

This study aims to determine the effect of corporate social responsibility disclosure, capital intensity ratio, inventory intensity ratio and tax avoidance. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange during the 2016-2018 period. A total of 99 property and real estate company-year were sampled in this study. The sample technique used in this research is side purposive method. The data used in this research is secondary data. The research data was obtained from the website www.idx.co.id. The data obtained and collected were then processed using the SPSS version 24 application. The results showed that the effect of corporate social responsibility disclosure with a significance value, the ratio of capital intensity with a significance value, and the ratio of inventory intensity with a significance effect on tax avoidance. This study provides theoretical implications, namely disclosure of corporate social responsibility, capital intensity ratios, and inventory intensity ratios which have a positive effect on tax avoidance. The results of this study support the agency theory that high quality company profits will accurately reflect the company's operational performance and reduce corporate tax avoidance efforts.

Superior Management Support and Coffee Introduction Technology on Operational Performance CCT Company

An important area in the company is the operational field that ensures business operations to improve the company's operational performance over a certain period. The purpose of this study is to propose a conceptual model for further research on the effect of superior management support and coffee introduction technology to improve company operational performance. Operational performance refers to the company's capability, which is indicated by the aspects of cost, production volume, fulfilment of demand, customer handling, process control and quality. A number of data will be required and collected in this study to test the existing hypothesis models. The data were collected using a questionnaire that was distributed directly to individual workers in the company with positive questions on a 6-point measurement scale from strongly agree to strongly disagree. Data processing will be carried out using the SEM-AMOS method. One of the results of operational performance is customer focus, which is the orientation of a series of services provided to customers to improve customer satisfaction. The mechanism for eliminating waste and creating added value for the company is process control and improvement at every stage of the process in the company. The results of this study present a conceptual model for further research with the aim of knowing the effect of superior management support, consumer focus, and process control, and coffee introduction technology on the operational performance of CCT companies in Timor-Leste.

Peran Tata Kelola Perusahaan Dalam Kinerja Operasional dan Kinerja Pasar Di Indonesia

This study investigates the association's corporate governance and the company's operational performance and market performance. The research data is sourced from financial reports and annual reports of consumer goods sector companies listed on the Indonesia Stock Exchange from 2015 to 2019, obtained from www.idx.co.id. Based on purposive sampling, the total sample in this study amounted to 120 observations. Hypothesis testing in this study uses multiple regression analysis for panel data. This study suggests that corporate governance is negatively associated with a company's operational performance but is not associated with the company's market performance. However, the implementation of governance in Indonesia is still administrative and has not been implemented by companies properly. This research indicates that the Financial Services Authority needs to improve policies and monitor issuers related to governance implementation.

Bundles of Lean Automation practices and principles and their impact on operational performance

The objective of this paper is two-fold. First, it aims at empirically validating bundles of Lean Automation (LA) practices and principles. Second, it verifies their impact on operational performance improvement. For that, we surveyed 110 manufacturers who have been concomitantly implementing Lean Production (LP) and Industry 4.0 (I4.0). The collected responses were examined using multivariate data analysis techniques. We identified three bundles of LA named according to the focus of the corresponding practices (i.e. workplace, value stream and extended value stream), and two bundles of LA principles (sociocultural- and technology-oriented). Our findings indicated that LA practices positively mediate the relationship between LA principles and the company's operational performance, especially when considering practices applied at a workplace or value stream level. As the integration of I4.0 into LP becomes widespread, the LA paradigm tends to be a more relevant topic in the operations management field. Hence, more profound comprehension of LA practices and principles, and their implications on companies' operations may help achieve higher performance, setting the proper managerial expectations.

Analisis Sistem Pengendalian Internal Siklus Persediaan pada PT. STI Tbk (Subsektor Fitting)

This research aims to evaluate the internal control of the inventory cycle at PT. STI, Tbk. The author evaluates internal controls based on COSO (sponsor organization committee) to analyze the results of a comparison between internal controls based on the COSO (sponsor committee)framework and company internal control. The main factor in the inventory of PT. STI, Tbk is to meet customer needs, therefore PT. STI, Tbk must increase internal control in the company to improve the efficiency and effectiveness of the company's operational performance, especially in reducing the level of losses incurred in the company and reducing the risk of fraud in the company. The purpose of this study is to determine the systems and procedures for recording inventory cycles as well as weaknesses and strengths in the company's internal control. This type is qualitative research and data collect through interviews, observation and documentation. Data sources used by the authors use primary data. The author's research results indicate that PT. STI, Tbk has implemented elements of internal control based on the COSO framework effectively

ANALISIS RASIO PROFITABILITAS GROSS PROFIT MARGIN DAN RETURN ON ASSET SEBAGAI ALAT UKUR UNTUK MENILAI KEEFEKTIFAN KINERJA KEUANGAN PADA PT. KIMIA FARMA (PERSERO), TBK TAHUN 2013-2017

Based on the calculation of Gross Profit Margin tends to show an increase every year, namely from 2013 to 2017, overall an average increase of 1.55%, with an R Square level of 0.85 or 85%. Return on Assets experienced instability in the period 2013 - 2017 due to the increase in cost of goods sold. The overall decrease is an average of 0.81% with the level of R Square 0.94 or 94%. A decrease of 0.51% occurred in 2013 of 8.58% until 2014 it became 8.07%. In 2015 it decreased by 0.46% to 7.61%. And again, decreased in 2016 by 1.81% to 5.80%. Kimia Farma declined again in 2017 by 0.44% to 5.36%. Based on the results of the Regression Test for Gross Profit Margin and Return on Assets variables meet the Normality Test, in terms of Autocorrelation Test R Square level of 0.960 or 96% effect as a measurement tool to assess the effectiveness of financial performance, in terms of Homoscedasticity Test Homoscedasticity did not occur and in terms of Multicollinearity, Test Multicollinearity disorder does not occur or in other words the Regression model is free from the symptoms of Multicollinearity. The final result of this study is the profitability of PT. Kimia Farma (Perseo) Tbk, during the last five years experienced a fluctuation or recollection and decline. The level of profitability or the company's ability to make a profit has decreased in the past year. The best level of profitability in years 2013. However, PT. Kimia Farma (Persero) Tbk has been able to pass 2017 which is full of challenges, with a record that the company's operational performance is very satisfying even though in terms of financial performance has decreased compared to the realization of performance in 2013.

Confucianism and Firm Performance

This paper examines the impact of Confucian culture on the company’s operation performance, taking Chinese listed companies from 2000 to 2018 as the research object. The results show that: (1) Confucian culture provides legitimacy for the company's profit-seeking behavior and therefore helps to improve their operating performance; (2) Confucian culture can effectively improve the efficiency of supervision mechanism but weaken the marginal contribution of incentive mechanism to financial performance. This paper provides empirical evidence for the influence of Confucianism on company operation performance, broadening the understanding of the role of informal institutions in company finance and enriching the theory of “culture and finance”.

Auditor Information Spillovers and Company Operating Performance: Evidence from Targeted Auditor Switches

This study examines whether companies realize operational benefits from making “targeted auditor switches” (i.e., engaging a new auditor recently dismissed by a competitor company). While prior work provides evidence consistent with companies perceiving that auditor information spillovers are costly, there is sparse extant evidence as to whether auditors actually do transfer operational information across companies. Using a novel setting, I find that companies that switch to a competitor’s former auditor realize significant subsequent improvements in operating performance and that this association varies predictably with several cross-sectional factors. My findings suggest that operational information can be transferred across companies via external auditors and that companies’ concerns over sharing an auditor with a competitor are based on real information spillover costs. More broadly, my findings suggest that the value of an audit (auditor) is associated with the auditor’s informational capital and extends beyond that which is traditionally considered by capital market participants.

The Effect of Supply Chain Quality Integration on Supply Chain Management Practice to Achieve Supply Chain Performance

In manufacturing company, quality of product could become their competitive advantage to compete in the market. To achieve good quality of products and activities, company need to have system or strategy to manage their supply chain activity and make it more effective and efficient flow of production and improve the quality of information sharing, production time, and products, so the company can improve their performance. This study conducted to find out the mediating effect of supply chain quality integration on supply chain management practices to achieve performance. Researcher was using PLS Structural Equation Modelling (PLS-SEM) to analyze data. The sample of this research was consumer goods manufacturing in Indonesia and using primary data with questionnaire as data collection method. After analysis using PLS-SEM, researcher was found that supply chain management practices affect operational performance; and supply chain quality integration has mediating effect on the effect of supply chain management practices on operational performance of company.