The Effect Of Good Corporate Governance And Intellectual Capital On Improving The Performance Of Amil Zakat Institutions In The City Of Medan In 2014-2018

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The Effect of Good Corporate Governance and Intellectual Capital on Improving the Performance of Amil Zakat Institutions in Medan City (2014-2018)

Introduction

Good corporate governance (GCG) and intellectual capital (IC) are two essential components that play a crucial role in the success of any organization, including amil zakat institutions. Amil zakat institutions, also known as zakat institutions, are responsible for managing and channeling zakat funds to those who are entitled. In this study, we aim to evaluate the effect of GCG and IC on improving the performance of amil zakat institutions in Medan city from 2014 to 2018.

Background

Amil zakat institutions are established to manage and channel zakat funds effectively to those who are entitled. The main objectives of these institutions are to increase transparency and accountability in zakat management. Good corporate governance, which refers to good company management practices, has an important role in achieving these objectives. Intellectual capital, which involves knowledge, experience, and skills possessed by employees, is also expected to encourage innovation and efficiency in the management of zakat.

Methodology

This study used a causal research design, involving 20 amil zakat institutions as a sample. The types of data used include primary and secondary data, as well as the analytical methods applied include data instruments testing, classical assumption tests, and hypothesis tests, which are then followed by multiple linear regression analysis.

Analysis of Good Corporate Governance and Intellectual Capital

Good corporate governance, which refers to good company management practices, has an important role in increasing transparency and accountability in zakat institutions. This is in line with the main objectives of the Amil Zakat institution to manage and channel zakat funds effectively to those who are entitled. However, the results of this study showed that GCG had no significant effect on LAZ's performance. This might be caused by the lack of consistent application of GCG principles in all institutions.

On the other hand, intellectual capital, which involves knowledge, experience, and skills possessed by employees, is also expected to encourage innovation and efficiency in the management of zakat. However, the results showed that the effect of IC on LAZ performance was also not significant. This shows that although LAZ has good intellectual potential, other factors such as management and management systems that are less effective may prevent the expected improvement of performance.

Research Limitations and Recommendations

This study revealed several limitations, such as the limited number of samples and relatively short research periods. Therefore, it is recommended for further researchers to expand the scope of research by involving more institutions and a longer period of time. This aims to get more comprehensive results and dig deeper into other factors that can affect LAZ performance.

Conclusion

Overall, this research provides insight into the importance of good corporate governance and intellectual capital in the context of amil zakat institutions, although the effect on performance is still not significant. This result is an important foundation for improvement of the management system in the Amil Zakat Institution, so that in the future it is expected to increase the effectiveness and efficiency in the management of zakat in the city of Medan. With the improvement made, it is hoped that public trust in LAZ can increase, so that the purpose of collecting and channeling zakat can be achieved better.

Implications of the Study

The findings of this study have several implications for amil zakat institutions, policymakers, and stakeholders. Firstly, the study highlights the importance of good corporate governance and intellectual capital in improving the performance of amil zakat institutions. Secondly, the study suggests that other factors such as management and management systems may prevent the expected improvement of performance. Finally, the study recommends that further research should be conducted to expand the scope of research and to dig deeper into other factors that can affect LAZ performance.

Recommendations for Future Research

Based on the findings of this study, several recommendations are made for future research. Firstly, further research should be conducted to expand the scope of research by involving more institutions and a longer period of time. Secondly, future research should focus on identifying other factors that can affect LAZ performance, such as management and management systems. Finally, future research should aim to develop a more comprehensive model of good corporate governance and intellectual capital that can be applied to amil zakat institutions.

Conclusion

In conclusion, this study provides insight into the importance of good corporate governance and intellectual capital in the context of amil zakat institutions. Although the effect on performance is still not significant, the study highlights the importance of these factors in improving the performance of amil zakat institutions. The study also recommends that further research should be conducted to expand the scope of research and to dig deeper into other factors that can affect LAZ performance.

References

  • [List of references cited in the study]

Appendix

  • [Appendix containing additional information, such as data instruments, classical assumption tests, and hypothesis tests]

Table of Contents

  1. Introduction
  2. Background
  3. Methodology
  4. Analysis of Good Corporate Governance and Intellectual Capital
  5. Research Limitations and Recommendations
  6. Conclusion
  7. Implications of the Study
  8. Recommendations for Future Research
  9. Conclusion
  10. References
  11. Appendix

Keywords

  • Good corporate governance
  • Intellectual capital
  • Amil zakat institutions
  • Performance
  • Medan city
  • 2014-2018

Abstract

This study aims to evaluate the effect of good corporate governance and intellectual capital on improving the performance of amil zakat institutions in Medan city from 2014 to 2018. The study used a causal research design, involving 20 amil zakat institutions as a sample. The results showed that GCG and IC had no significant effect on LAZ's performance. This study provides insight into the importance of good corporate governance and intellectual capital in the context of amil zakat institutions, although the effect on performance is still not significant.
Q&A: The Effect of Good Corporate Governance and Intellectual Capital on Improving the Performance of Amil Zakat Institutions in Medan City (2014-2018)

Q: What is the main objective of this study?

A: The main objective of this study is to evaluate the effect of good corporate governance (GCG) and intellectual capital (IC) on improving the performance of amil zakat institutions in Medan city from 2014 to 2018.

Q: What is good corporate governance (GCG)?

A: Good corporate governance refers to good company management practices that aim to increase transparency and accountability in zakat institutions.

Q: What is intellectual capital (IC)?

A: Intellectual capital refers to the knowledge, experience, and skills possessed by employees that can encourage innovation and efficiency in the management of zakat.

Q: What are the limitations of this study?

A: The limitations of this study include the limited number of samples and relatively short research periods.

Q: What are the implications of this study?

A: The findings of this study have several implications for amil zakat institutions, policymakers, and stakeholders. Firstly, the study highlights the importance of good corporate governance and intellectual capital in improving the performance of amil zakat institutions. Secondly, the study suggests that other factors such as management and management systems may prevent the expected improvement of performance.

Q: What are the recommendations for future research?

A: Based on the findings of this study, several recommendations are made for future research. Firstly, further research should be conducted to expand the scope of research by involving more institutions and a longer period of time. Secondly, future research should focus on identifying other factors that can affect LAZ performance, such as management and management systems.

Q: What are the benefits of good corporate governance and intellectual capital in amil zakat institutions?

A: The benefits of good corporate governance and intellectual capital in amil zakat institutions include increased transparency and accountability, improved innovation and efficiency, and better management of zakat funds.

Q: How can amil zakat institutions improve their performance?

A: Amil zakat institutions can improve their performance by implementing good corporate governance practices, developing intellectual capital, and improving their management systems.

Q: What are the challenges faced by amil zakat institutions in improving their performance?

A: The challenges faced by amil zakat institutions in improving their performance include limited resources, lack of expertise, and inadequate management systems.

Q: How can policymakers support amil zakat institutions in improving their performance?

A: Policymakers can support amil zakat institutions in improving their performance by providing resources and expertise, establishing clear regulations and guidelines, and promoting good corporate governance practices.

Q: What are the future directions for research on good corporate governance and intellectual capital in amil zakat institutions?

A: The future directions for research on good corporate governance and intellectual capital in amil zakat institutions include exploring the impact of GCG and IC on LAZ performance, identifying other factors that can affect LAZ performance, and developing a more comprehensive model of GCG and IC that can be applied to amil zakat institutions.

Q: What are the practical implications of this study for amil zakat institutions?

A: The practical implications of this study for amil zakat institutions include the need to implement good corporate governance practices, develop intellectual capital, and improve their management systems to improve their performance.

Q: What are the limitations of this study in terms of generalizability?

A: The limitations of this study in terms of generalizability include the limited number of samples and relatively short research periods, which may limit the applicability of the findings to other amil zakat institutions.

Q: What are the future research directions for amil zakat institutions?

A: The future research directions for amil zakat institutions include exploring the impact of GCG and IC on LAZ performance, identifying other factors that can affect LAZ performance, and developing a more comprehensive model of GCG and IC that can be applied to amil zakat institutions.