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BUSINESS RISK, FINANCIAL RISK AND STOCK PRICE ON THE VALUE OF CONVENTIONAL BANKING SUBSECTOR COMPANIES ON THE INDONESIAN STOCK EXCHANGE (IDX) Amanda, Silvia; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 2 (2025): Journal of Economics and Economic Policy
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i2.58

Objective: The purpose of this study we present a case study to determine the Effect of Business Risk, Financial Risk and Stock Price on Firm Value on the Indonesia Stock Exchange. Method: This study uses a quantitative approach with a research sample of 34 companies that meet the criteria using purposive sampling technique. The analytical tool used is secondary data in the form of financial statements, data collection in the form of descriptive statistical tests and classical assumption tests. Testing with Statistical Package for the Social Sciences (SPSS). Results: The results of the hypothesis in the research that has been done show that business risk, financial risk and stock price have an influence on the value of the company. Novelty: This means that company value is able to strengthen the relationship between business risk, financial risk and stock price.

THE INFLUENCE OF DIGITAL MARKETING AND THE USE OF E-MONEY ON THE SALES VOLUME OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs) IN THE FASHION SECTOR (EMPIRICAL STUDY OF MSMES IN SIDOARJO DISTRICT) Mulyanti , Sasa; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 3 (2025): Journal of Economics and Economic Policy
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i3.65

This study aims to determine the Influence of Digital Marketing and the Use of E-Money on the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector (Empirical Study on MSMEs in Sidoarjo District). This study uses a quantitative method with primary data as a data source. The population in this study is fashion MSMEs in Sidoarjo in 2023. The method used in determining this sample is using the Random sampling method. The number of samples used in this study was 39 respondents. The data analysis technique used in this study was SPSS Version 27. The results of this study indicate that Digital Marketing Affects the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector in Sidoarjo City. The Use of E-Money Affects the Sales Volume of Micro, Small and Medium Enterprises (MSMEs) in the Fashion Sector in Sidoarjo City.

THE EFFECT OF INVESTMENT DECISIONS, CAPITAL INTENSITY, POLLITICAL CONNECTION AND CAPITAL STRUCTURE ON FIRM VALUE IN PUBLIC STATE-OWNED COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2022 Sri Handayani; Nirwana, Nihlatul Qudus Sukma
Journal of Economic and Economic Policy Vol. 2 No. 4 (2025): Journal of Economics and Economic Policy
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v2i4.69

Objective: This study aims to determine the Influence of Investment Decisions, Capital Intensity, Political Connection and Capital Structure on Company Value in State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022. Method: This research is a type of quantitative research. The sampling method used is the purposive sampling method. The number of companies sampled in this study is 23 State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022. The data source used is secondary data. The data analysis method used in this study is Multiple Linear Regression with SPSS version 27 data processing tools. Results: The results of this study indicate that Investment Decisions Affect Company Value. Capital Intensity Affects Firm Value. Political Connection Affects Firm Value. Capital Structure Affects Firm Value. Novelty: This study provides new insights by simultaneously examining the effect of Investment Decisions, Capital Intensity, Political Connection, and Capital Structure on Company Value specifically in State-Owned Enterprises listed on the Indonesia Stock Exchange during the 2019–2022 period, which has not been comprehensively explored in previous studies.

Pemberdayaan Womenpreneur Pucang: Modal Sosial dan Personal Branding untuk Kepercayaan Bisnis sebagai Implementasi SDG’s 5 Biduri, Sarwenda; Nirwana, Nihlatul Qudus Sukma; Ainindya, Ninik Ruma'isya; Firnata, Tifani Angga
Abdimas Mandalika Vol 4, No 3 (2025): Mei
Publisher : Universitas Muhammadiyah Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31764/am.v4i3.30788

Abstract: The mentoring program for womenpreneurs in the Aisyiyah Branch Leadership (PRA) Pucang aims to increase business confidence through strengthening social capital and personal branding as a form of implementation of Sustainable Development Goal (SDG's) 5 regarding gender equality. The approach used is Participatory Action Research (PAR) and Community Organizer (CO), with activities in the form of business management training, digital marketing, and simple financial recording assistance. The results showed an increase in participants' understanding in utilizing digital technology, building business networks, and creating a positive business image. Despite challenges such as low digital literacy, the program succeeded in motivating participants to be more professional in managing their businesses and adapting to market dynamics. The impact of the program not only supports the growth of individual businesses but also contributes to the economic strengthening of families and local communities. With this holistic approach, PRA Pucang has succeeded in creating a relevant and sustainable model of women's empowerment.Abstrak: Program pendampingan bagi womenpreneur di Pimpinan Ranting Aisyiyah (PRA) Pucang bertujuan meningkatkan kepercayaan bisnis melalui penguatan modal sosial dan personal branding sebagai bentuk implementasi Tujuan Pembangunan Berkelanjutan (SDG’s) 5 mengenai kesetaraan gender. Pendekatan yang digunakan adalah Participatory Action Research (PAR) dan Community Organizer (CO), dengan kegiatan berupa pelatihan manajemen usaha, pemasaran digital, serta pendampingan pencatatan keuangan sederhana. Hasil pendampingan menunjukkan peningkatan pemahaman peserta dalam memanfaatkan teknologi digital, membangun jejaring bisnis, serta menciptakan citra usaha yang positif. Meski terdapat tantangan seperti rendahnya literasi digital, program ini berhasil memotivasi peserta untuk lebih profesional dalam mengelola usaha dan beradaptasi dengan dinamika pasar. Dampak program tidak hanya mendukung pertumbuhan usaha individu tetapi juga berkontribusi pada penguatan ekonomi keluarga dan komunitas lokal. Dengan pendekatan holistik ini, PRA Pucang berhasil menciptakan model pemberdayaan perempuan yang relevan dan berkelanjutan.

Analysis of Minimalist Consumption Behavior and Financial Goal Orientation as Predictors of Long-Term Savings Discipline and Budgeting in Generation Z in Jakarta Herlin, Faradilla; Sukma Nirwana, Nihlatul Qudus; Supriandi, Supriandi
West Science Interdisciplinary Studies Vol. 3 No. 06 (2025): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v3i06.1984

This study explores the influence of minimalist consumption behavior and financial goal orientation on budgeting practices and long-term savings discipline among Generation Z in Jakarta. Using a quantitative approach, data were collected from 150 respondents via a Likert-scale questionnaire and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS). The findings reveal that financial goal orientation and minimalist consumption behavior significantly impact both budgeting and savings discipline. High R2 and Q² values confirm the model’s explanatory and predictive relevance. The results underscore the importance of promoting financial goal-setting and minimalist behaviors to enhance financial management practices in Generation Z. Practical and theoretical implications are discussed, with recommendations for policymakers and educators to design targeted financial education programs.

Analysis of Minimalist Consumption Behavior and Financial Goal Orientation as Predictors of Long-Term Savings Discipline and Budgeting in Generation Z in Jakarta Herlin, Faradilla; Sukma Nirwana, Nihlatul Qudus; Supriandi, Supriandi
West Science Interdisciplinary Studies Vol. 3 No. 06 (2025): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v3i06.1984

This study explores the influence of minimalist consumption behavior and financial goal orientation on budgeting practices and long-term savings discipline among Generation Z in Jakarta. Using a quantitative approach, data were collected from 150 respondents via a Likert-scale questionnaire and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS). The findings reveal that financial goal orientation and minimalist consumption behavior significantly impact both budgeting and savings discipline. High R2 and Q² values confirm the model’s explanatory and predictive relevance. The results underscore the importance of promoting financial goal-setting and minimalist behaviors to enhance financial management practices in Generation Z. Practical and theoretical implications are discussed, with recommendations for policymakers and educators to design targeted financial education programs.

Pemberdayaan UMKM “Dhe Irma” Guna Meningkatkan Efisiensi Produksi dan Aspek Keuangan melalui Pengabdian Masyarakat: Empowerment of Dhe Irma's MSMEs to Increase Production Efficiency and Financial Management through Community Service Nirwana, Nihlatul Qudus Sukma; Wulandari, Indah Apriliana Sari; Hermawan, Sigit; Arista, Sintha Wahyu; Sari, Nilam
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 10 No. 7 (2025): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v10i7.9543

Productive MSMEs can have great potential to progress, mainly if they are well managed. This Community Service (Abdimas) program aims to empower the Dhe Irma MSME to increase production efficiency and financial management. Achieving Sustainable Development Goals (SDGs) No. 8, or "Decent Work and Economic Growth," encourages sustainable, inclusive, and productive economic growth and creates decent and productive jobs for all. The main problems faced by this MSME are the lack of understanding of financial recording and limitations in optimizing the production process, which impact business competitiveness. To overcome these problems, this program is carried out through mentoring methods, training, and providing more efficient production tools. This activity includes training in calculating HPP and optimizing the use of production tools. The implementation method in this community service is planning, implementation, and evaluation by the community service team. The results of this program show an increase in efficiency in the production process and a more structured financial recording system. Before this assistance, Pawon Dhe Irma MSME did not have financial reports, and HPP was not calculated in the sale of its products. However, after this assistance, Dhe Irma MSME has a better understanding of financial management, can make financial reports, can calculate HPP, and can increase its production capacity, which ultimately can strengthen business competitiveness in the market.

Financial Literacy And Investment Interest In Islamic Students: Literasi Keuangan dan Minat Berinvestasi pada Mahasiswa Islam Maulidiyah , Eva Dwi; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Islamic Studies Vol. 13 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijis.v13i1.1810

Background: The development of Islamic capital markets has increased interest among students to invest, yet their understanding of financial literacy remains limited. Specific Background: Previous studies focused mainly on conventional literacy, while this research emphasizes Islamic financial literacy among students. Knowledge Gap: There is a lack of empirical data linking Islamic financial literacy with students’ investment interest. Aims: This study aims to identify the level of Islamic financial literacy and its relationship with students’ investment interest. Results: Findings indicate that students with higher literacy levels demonstrate stronger interest and better investment behavior aligned with sharia principles. Novelty: This study integrates financial education and Islamic values as an approach to strengthening students’ economic awareness. Implications: The results suggest that universities should enhance Islamic financial literacy through curriculum integration and practical exposure to sharia-compliant financial activities. Highlights:• Islamic financial literacy enhances students’ investment awareness• Integration of Islamic values in financial learning• Educational implication for Islamic higher education Keywords: Islamic financial Literacy, Investment Interest, Students, Sharia Education, Islamic Economics

Determinants of Company Value: Evidence from Indonesia's Basic and Chemical Industries: Determinan Nilai Perusahaan: Bukti dari Sektor Industri Dasar dan Kimia Indonesia Melawati , Hana Oktavia; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1348

General Background: The global economy is highly interconnected, emphasizing the strategic role of the Basic Industry and Chemicals sector on the Indonesian Stock Exchange (IDX). Specific Background: Firm Value is a crucial indicator for investors, commonly influenced by internal factors such as profitability, firm size, firm growth, and capital structure. Knowledge Gap: Prior research often investigated these financial variables separately or across broad sectors, failing to capture the specific and volatile dynamics of the capital-intensive Basic Industry and Chemicals sector. Aims: This study aims to analyze the simultaneous effect of Profitability, Firm Size, Firm Growth, and Capital Structure on Firm Value within companies listed in this specific sector on the IDX from 2018–2020. Results: Employing a quantitative approach with t-tests, the findings confirm that Profitability, Firm Size, Firm Growth, and Capital Structure all demonstrate a statistically significant relationship with Firm Value. Novelty: By focusing exclusively on this under-researched sector and integrating the four key determinants, this research offers a more contextual and comprehensive analytical approach. Implications: The results underscore the critical need for robust financial and operational strategies, especially concerning optimal capital structure, to maintain high firm valuation and attract continuous investment in the industry. Highlights: Profitability, Firm Size, Firm Growth, and Capital Structure all significantly determine firm valuation. The study focuses exclusively on the unique dynamics of the Basic Industry and Chemicals sector. Improper capital structure management can lead to reduced investor confidence and lower firm value. Keywords: Profitability, Firm Size, Firm Growth, Capital Structure, Firm Value

Edukasi Kemandirian Ekonomi Perempuan Sebagai Basis Dakwah Aisyiyah Handayani, Puspita; Purwanti, Yanik; Nirwana, Nihlatul Qudus Sukma
Prosiding University Research Colloquium Proceeding of The 11th University Research Colloquium 2020: Bidang Pengabdian Masyarakat
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

Show Abstract | Download Original | Original Source | Check in Google Scholar

Kemandirian ekonomi perempuan merupakan hal terpenting dalam bangunan masyarakat paling kecil, yakni keluarga. Sebab yang pertama merasakan dampak krisis ekonomi bangsa, pemutusan kerja suami, dan kemiskinan adalah perempuan. Disinilah kemandirian ekonomi perempuan dibutuhkan, selain mereka sebagai penyelesai tugas domestik, perempuan juga bekerja keras untuk memenuhi kebutuhan keluarga. Universitass Muhammadiyah Sidoarjo dalam program pengabdian masyarakat berbasis Al—Islam dan Kemuhammadiyahan bermitra dengan Pimpinan Ranting Aisyiyah Penatarsewu Cabang Tanggulangin Kabupaten Sidoarjo. Aisyiyah sebagai Organisasi Perempuan Muhammadiyah memiliki tugas dan kewajiban untuk beramar ma’ruf nahi munkar menghasilkan kiprah konstruktif dalam kehidupan, salah satunya dengan edukasi dan pendampingan ekonomi perempuan melalui produk dan pemasaran hasil olahan ikan menjadi program unggulan persyarikatan. Olahan ikan yang dilakukan ibu Aisyiyah merupakan sisa ikan dari hasil tangkapan ikan yang melimpah, atau ikan tangkapan yang tidak dijual mentah, sehingga perlu untuk diolah menjadi produk-produk uang sehat dan memiliki nilai ekonomis. Pendampingan ini dilakukan saat pelaksanaan pengajian rutin Aisyiyah, yang biasa diisi materi keagamaan saja, maka diselingi dengan materi-materi ekonomi, kesehatan, dan lain-lain, sehingga adanya Dakwah Aisyiyah yang berkemajuan.

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