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      • KCI등재

        Reciprocal Capital Structure and Liquidity Policy: Implementation of Corporate Governance toward Corporate Performance

        SUMANI, Sumani,ROZIQ, Ahmad Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.9

        The research objective examines the effect of corporate governance on capital structure and its effect on liquidity policy and corporate performance. It tests the effect of capital structure and liquidity policy on corporate governance. It also examines the effect of liquidity policy on capital structure and the effect of capital structure on liquidity policy. The study population is all manufacturing companies that went public on the Indonesia Stock Exchange in the period 2010-2019. The research population is 182 manufacturing companies. The Judgment Sampling was used and 109 companies meet the research criteria. The study used panel data for ten years so that the amount of data observed was 1090 observations. The analysis tool uses Warp Partial Least Square (WarpPLS). The results showed that corporate governance had a significant positive effect on capital structure, but corporate governance had a significant adverse effect on liquidity policy, and corporate governance had a significant positive effect on corporate performance. Furthermore, capital structure has a significant negative effect on corporate performance, but liquidity policy has no significant effect on corporate performance. Capital structure and liquidity policy are proven to be reciprocally significant positive correlations for manufacturing companies in Indonesia.

      • KCI등재

        The Effect of Word-of-Mouth on Purchase Intention: A Case Study of Low-Cost Carriers in Indonesia

        Yasintha SOELASIH,Sumani SUMANI 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.4

        This study aims at testing word-of-mouth (WOM) by mediating positive and negative perceptions of purchase intention on low-cost carriers (LCC) flights in Indonesia. One of the communications mixes that airlines can carry out is WOM. WOM is a form of communication between passengers after using a flight. The formation of a positive perception of WOM is expected by airlines. If a positive perception of WOM has formed, a purchase intention will arise. The study population included LCC flight passengers in Indonesia, involving 387 respondents. For indicators and variables, validity and reliability tests were conducted using CFA, CR, and AVE tools. Sampling locations were Soekarno-Hatta and Kualanamu airports. Sample collection was obtained through purposive sampling, and the analytical tool used was structural equation modeling (SEM) with Lisrel. The results showed that WOM influenced purchase intention through positive and negative perceptions of WOM. It can be seen that a positive perception of WOM has a direct effect, while a negative perception of WOM has the opposite effect. In conclusion, the mediation of perceptions influences purchase intention, whether it in the same direction or the opposite ones. To conclude, WOM is an antecedent for it influences purchase intention.

      • KCI등재

        Islamic Humanity: A New Approach to Minimizing Non-Performing Financing at the Islamic Bank in Indonesia

        ROZIQ, Ahmad,ABSHOR, Faqih Ulil,SULISTIYO, Agung Budi,SUMANI, Sumani Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.12

        NPF Islamic banking needs to be resolved because it affects banking performance in terms of income and the quality of its productive assets. This study aims to solve problems of non-performing financing and assess and analyze whether the implementation of the Islamic Humanity model can reduce the problem of financing at Bank Syariah Mandiri Indonesia. The study uses qualitative method with Miles and Huberman approach for analizing data through four steps which are; (a) data collection (b) data reduction (c) data display, and (d) conclusion drawing/verification. The results of the study found non performing financing can be reduced with using a new approach namely the Islamic Humanity Approach, which is an interaction between several aspects, namely (a) spiritual aspects, (b) economic aspects, (c) social aspects, and (d) justice aspects. The Islamic humanity model carried out in problem-solving activities at Bank Syariah Mandiri Indonesia includes a friendly approach, communication and deliberation in a family, respect for people, empathy, the concept of justice, and the concept of prayer. Islamic humanity approach shows success in reducing non-performing financing. The research concluded Islamic humanity as a new approach to reduce non-performing financing at Bank Syariah Mandiri Indonesia and it can be implemented to all Islamic banking in Indonesia.

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        Genotype × environment interactions of yield of cowpea (Vigna unguiculata (L.) Walp) inbred lines in the Guinea and Sudan Savanna

        Emmanuel Yaw Owusu,Isaac Kodzo Amegbor,Haruna Mohammed,Francis Kusi,Ibrahim Atopkle,Emmanuel Kofi Sie,Memunatu Ishahku,Muktaru Zakaria,Sumani Iddrisu,Haruna Ali Kendey,Ousmane Boukar,Christian Fatokun 한국작물학회 2020 Journal of crop science and biotechnology Vol.23 No.5

        The variable cowpea productivity across diff erent environments demands evaluating the performance of genotypes in a breeding program prior to their release. The aim of this study was to assess yield stability of eight cowpea advanced breeding lines selected from participatory varietal selection in multilocational trials, and to identify mega-environments for cowpea production in Ghana. The genotypes were evaluated across fi ve environments in 2016 and 2017 in randomized complete block design with three replications. The GEA-R version 4.0 software was used for genotype main eff ect plus genotype by environment interaction (GGE) biplot analyses. Analysis of variance (PROC GLM of SAS using a RANDOM statement with the TEST option) detected signifi cant variations for location, year, genotype, environment, and their interactions. The results showed that the yield performances of the cowpea genotypes were highly infl uenced by genotype × environment interaction eff ects. The principal component 1 (PC1) and PC2 were signifi cant components which accounted for 46.75% and 22.84% of GGE sum of squares, respectively. We showed for the fi rst time, two mega-environments for cowpea production and testing in the major cowpea production agro-ecologies in Ghana. The genotypes SARI-6-2-6 and IT07K-303-1 were adapted to Damongo, Nyankpala, and Tumu, whereas SARI-2-50-80 was adapted to Yendi and Manga. The best ranking location was Damongo followed by Tumu, and Nyankpala. The high-yielding genotypes, IT86D-610, IT10K-837-1, IT07K-303-1, and SARI-2-50-80 had signifi cant higher grain yields than the check (Bawutawuta) and were recommended for release as cultivars (or as breeding lines) to boost cowpea production in Ghana.

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