2017
DOI: 10.2991/icpsuas-17.2018.39
Keywords: Cobb-Douglas, Production function, Productive Waqf, YBWSA.
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This research is aimed to gain understanding of influence of production factors which are capital, workforce and waqf assets to output (revenues) of waqf assets' productivity by using Cobb-Douglas production function. Research object is focused on Yayasan Badan Wakaf Sultan Agung (YBWSA) Semarang which has been serving in managing waqf assets productively in education and healthcare sectors since 1950. This research used primary data from interview and secondary data from monthly financial statement in 2010-2012 period.ÿThis research conducted by using quantitative analysis technique through double linear regression model that modified from Cobb-Douglas function equation. Furthermore, in order to obtain inter-variable partial and simultaneous correlation, t-test and F-test are conducted. Tests result show that production factors, partially and simultaneously have insignificant correlation to output (revenues) of waqf assets. On the other hand, output production scale of YBWSA is classified as decreasing return to scale.