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Dynamics of Corporate Finance Research in Global Scientific Literature Lucky Mahesa Yahya; Eko Sudarmanto
West Science Business and Management Vol. 2 No. 03 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i03.1277

Abstract

This study explores the dynamics of corporate finance research in global scientific literature from 2000 to 2024 using a bibliometric approach. By analyzing keyword co-occurrence and citation data, the research identifies key themes, emerging trends, and influential contributors in corporate finance. Core topics such as capital structure, cost management, and debt remain central, reflecting traditional corporate finance priorities. However, newer areas, including corporate social responsibility (CSR), corporate cash holdings, and behavioral finance, have gained prominence, signaling a shift towards integrating non-financial factors into corporate strategies. The study also highlights the lasting impact of global financial crises, particularly the 2008 crisis, on shaping research in financial distress, risk management, and institutional roles. These insights provide a comprehensive overview of the evolution of corporate finance research and offer directions for future studies.
Analysis of the Effect of Corporate Social Responsibility and Good Corporate Governance on Stock Performance in Public Companies in Indonesia Loso Judijanto; Muhamad Akbar; Deni Iskandar; Eko Sudarmanto; Himawan Sutanto
West Science Business and Management Vol. 2 No. 04 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i04.1480

Abstract

This study analyzes the effect of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on Stock Performance (SP) in public companies in Indonesia. Using a sample of 160 companies and a quantitative approach, data was collected through a 5-point Likert scale survey and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS 3). The findings reveal that both CSR and GCG positively influence stock performance, with GCG having a stronger impact (β = 0.612) compared to CSR (β = 0.384). The results emphasize the importance of ethical practices and effective governance in enhancing investor confidence and improving stock market performance. These findings provide important implications for managers, investors, and policymakers, suggesting that companies focusing on CSR and GCG are likely to experience better financial outcomes in the stock market.
The Impact of Green Investment, Public Education, and the Use of Renewable Resources on Economic Prosperity in Indonesia Loso Judijanto; Iwan Adinugroho; Usman Tahir; Muhammad Abdul Ilah; Eko Sudarmanto
West Science Business and Management Vol. 2 No. 04 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i04.1481

Abstract

This study explores the impact of Green Investment, Public Education, and Renewable Resources on Economic Prosperity in Indonesia. A quantitative analysis was conducted using a sample of 160 respondents, employing a Likert scale (1-5) and data analysis through Structural Equation Modeling - Partial Least Squares (SEM-PLS). The results reveal significant positive relationships between all three independent variables (Green Investment, Public Education, Renewable Resources) and Economic Prosperity. Green Investment positively contributes to economic growth by fostering innovation and reducing environmental degradation. Public Education enhances human capital, driving productivity and economic development. Renewable Resources provide sustainable solutions for long-term energy security, job creation, and economic resilience. The study underscores the importance of integrated policies that promote sustainable investments, improve education systems, and expand the use of renewable resources to achieve long-term economic prosperity in Indonesia.
Bibliometric Review of the Development of Hedging Strategies in Investment Judijanto, Loso; Rizani, Ahmad; Sudarmanto, Eko; Safitri, Elvina
The Es Accounting And Finance Vol. 3 No. 01 (2024): The Es Accounting And Finance (ESAF)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esaf.v3i01.365

Abstract

This study presents a comprehensive bibliometric analysis of research on hedging strategies in investment, examining trends, collaborations, and emerging themes over time. Using data from key academic databases and VOSviewer for visualization, we identified core research areas, key contributors, and influential institutions. The analysis reveals that traditional themes such as financial markets, commerce, and investment remain central to the literature, while newer areas of focus, including cryptocurrencies, energy markets, and responses to global crises like COVID-19, have gained prominence in recent years. The study also highlights the strong collaborative networks between countries and institutions, with the United States, China, and the United Kingdom emerging as key hubs of research activity. Future research is expected to focus on adapting hedging strategies to new financial risks, including those associated with emerging asset classes like cryptocurrencies, and responding to macroeconomic disruptions. This study contributes to the field by offering insights into its intellectual structure and suggesting directions for further exploration.
A Bibliometric Study on the Evolution of Portfolio Management Strategies Judijanto, Loso; Sudarmanto, Eko
The Es Accounting And Finance Vol. 3 No. 01 (2024): The Es Accounting And Finance (ESAF)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esaf.v3i01.366

Abstract

This study conducts a bibliometric analysis of the evolution of portfolio management strategies from 1970 to 2023, aiming to trace key developments, emerging trends, and the impact of technological advancements on the field. By analyzing a dataset of 1,000 published papers, this research highlights significant theoretical contributions, such as Modern Portfolio Theory and the Capital Asset Pricing Model, while also identifying the growing importance of machine learning, artificial intelligence, and sustainability factors in portfolio management. The findings reveal a shift from traditional investment strategies to data-driven methodologies that integrate ethical considerations and ESG factors, reflecting the changing preferences of today’s investors. Additionally, the study emphasizes the need for an interdisciplinary approach and collaboration among researchers and practitioners to navigate the complexities of modern financial markets. The insights from this analysis provide valuable guidance for future research and practice in portfolio management, ensuring that strategies align with both financial objectives and broader societal goals.
Assessing the Role of Community Participation in Mediating the Impact of Social Financial Practices on Business Performance in Indonesia’s Palm Oil Industry Nugroho, Budi Sulistiyo; Judijanto, Loso; Sudarmanto, Eko
The Es Accounting And Finance Vol. 3 No. 01 (2024): The Es Accounting And Finance (ESAF)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esaf.v3i01.372

Abstract

The Indonesian palm oil industry is critical in the national economy, yet it faces significant social and environmental challenges. This study investigates the mediating role of community participation in the relationship between social financial practices and business performance in this sector. Using a quantitative approach, data were collected from 180 respondents through a structured survey and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS 3). The findings indicate that community participation positively impacts business performance and strengthens the effectiveness of social financial practices. Social financial practices, which integrate social and environmental considerations into financial decision-making, were shown to significantly enhance business performance, especially when supported by active community engagement. These results underscore the importance of community involvement in implementing socially responsible finance and highlight its role in promoting sustainable business practices. The study contributes to the literature on sustainable finance and stakeholder engagement by providing empirical evidence on the interdependent roles of community participation and social finance in achieving business success in the palm oil industry.
Comparative Analysis of Muhammad Umer Chapra and John Maynard Keynes' Perspectives on Fiscal Stimulus in Addressing Economic Crises Arifin, Zainal; Prayitno, Mustofa Aji; Sudarmanto, Eko
ORGANIZE: Journal of Economics, Management and Finance Vol. 2 No. 3 (2023): Economic Transformation and Development
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58355/organize.v2i3.55

Abstract

This article presents a comprehensive comparative analysis of the economic perspectives of Muhammad Umer Chapra, an esteemed Islamic economist, and John Maynard Keynes, a renowned Western economist, concerning the concept of fiscal stimulus as an effective measure to address economic crises. By examining their viewpoints, the article explores the divergent approaches and underlying principles in implementing fiscal stimulus policies. Chapra's perspective highlights the importance of ethics, justice, and social welfare in economic decision-making, emphasizing the compatibility of fiscal stimulus with Islamic economic principles. In contrast, Keynesian economics, as advocated by Keynes, emphasizes the role of government intervention and the use of fiscal policies to stimulate aggregate demand and overcome economic downturns. The article critically analyzes the similarities, differences, and potential areas of convergence between these two prominent economists, shedding light on the implications and effectiveness of fiscal stimulus measures in various economic contexts. By understanding and comparing these perspectives, policymakers and economists can gain valuable insights into crafting comprehensive and context-specific approaches to address economic crises and promote sustainable economic growth.
Bibliometric Analysis of the Application of Internet of Things (IoT) in Financial Services Judijanto, Loso; Fildansyah, Rully; Sudarmanto, Eko; Harsono, Iwan; Afandy, Chairil
West Science Interdisciplinary Studies Vol. 2 No. 02 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i02.664

Abstract

This study presents a comprehensive bibliometric analysis of the application of Internet of Things (IoT) in financial services. The analysis encompasses a systematic review and analysis of existing literature, identifying key research themes, trends, and patterns in the field. Through the utilization of bibliometric indicators such as co-citation analysis, keyword co-occurrence analysis, and citation network analysis, the intellectual structure of the domain is mapped, uncovering emerging research topics and areas of focus. The study also provides insights and recommendations for future research directions and practical implications. The findings contribute to advancing our understanding of IoT's role in reshaping financial services and offer guidance for researchers, policymakers, and industry stakeholders.
Bibliometric Review on Digital Economy and Industry Convergence: The Impact of Digitalization on Business Adaptation and Innovation Judijanto, Loso; Yusniar, Yusniar; Nurrohman, Rosyid; Sudarmanto, Eko; Supriatna, Endang
West Science Interdisciplinary Studies Vol. 2 No. 10 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i10.1340

Abstract

This study presents a bibliometric analysis of research on digital economy and industry convergence, with a focus on the impact of digitalization on business adaptation and innovation. Using data from key databases, including Scopus and Web of Science, and visualized through VOSviewer, the analysis reveals key themes, influential authors, and evolving research trends from 2000 to 2024. The findings highlight that "digitalisation" remains central to the discourse, particularly in relation to manufacturing, automation, and business process digitisation. Recent research shows a growing focus on sustainability and the role of digitalization in addressing environmental challenges. Additionally, the impact of COVID-19 has accelerated the adoption of digital strategies, with businesses increasingly focusing on flexibility, risk management, and business resilience. The analysis of author collaboration networks identifies prominent contributors and interdisciplinary efforts in this field. This study underscores the importance of digital innovation for business growth and calls for further exploration of how digital technologies can enhance sustainability and resilience in a post-pandemic world.
Analysis of the Impact of Liquidity Policy and Economic Fluctuations on Asset and Wealth Management in the Banking Sector in Indonesia Judijanto, Loso; Wijaya, Ismed; Sudarmanto, Eko
West Science Interdisciplinary Studies Vol. 2 No. 10 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i10.1370

Abstract

This study analyzes the impact of liquidity policy and economic fluctuations on asset and wealth management in the Indonesian banking sector. Utilizing a quantitative approach, data were collected from 150 banking professionals through a structured questionnaire and analyzed using Structural Equation Modeling (SEM) with Partial Least Squares (PLS) version 3. The results demonstrate that economic fluctuations significantly impact both asset and wealth management, with a stronger influence on wealth management. Liquidity policy also plays a crucial role in improving asset and wealth management practices, though its impact is moderate compared to economic fluctuations. These findings suggest that banks must adopt robust liquidity management and risk mitigation strategies to navigate periods of economic uncertainty and optimize asset and wealth management practices. The study provides important insights for banking professionals and policymakers aiming to enhance financial stability and operational efficiency in the banking sector.
Co-Authors . Syamsulbahri AA Sudharmawan, AA Abbas, Dirvi Surya Abdul Karim Abdul Karim Abdul Karim Butar-Butar Abjan, Wirawati Ade Muslimat, Ade Adela Rhiana Novitasari Adha, Wahyuni Istiqomah Adi Artino Adinda Yuvita Lestari ADINUGROHO, IWAN Ady Bakri, Asri Afifi, Zaenal Afridayani Agam Akhmad Syaukani, Agam Akhmad Agi Nanjar Agung Zulfikri Agus Susilo Ahalik Ahalik Ahmad Ahmad Ahmad Amarullah, Ahmad Ahmad Eko Saputro Ahmad Rizani Ahmad Rizani, Ahmad Ahmad Sulaiman, Ahmad Ahmad Waluya Jati Ahmad Zaki Mubarok Ahmad Zaki Mubarok Ahmad Zaki Mubarok, Ahmad Zaki Ahmadun Ahmadun Ak. S.E. Desak Nyoman Sri Werastuti . Akbari, Deni Adha Alamsyah, Shoffan Alfiana Alfiana , Alfiana Alhazar Rinaldi Ali Nurdin Siregar Amaliya, Vina Amanda Eka Rismawati Amanda Safa Sabitha Ambar Kusuma Astuti Ambar Kusuma Astuti Anantawikrama Tungga Atmadja Andani, Mega Andi Saadillah Andi Subhan Husain Andika Isma Andree Tiono Kurniawan Andrew Shandy Utama Andri Triyantoro Andry Irdyansah Anggrahini Sapitri Anggraini Soemadi Anggun Munifatul Afifah Annuridya Rosyidta Pratiwi Octasylva Anugrah Nur Warthadi Ariawan, Ariawan Arief Fahmi Lubis Arief Yanto Rukmana Arini, Rani Eka Arman Paramansyah Arnes Yuli Vandika Arniwita, Arniwita Arum, Mega Arumingtyas, Fida Arvy N. Osma As'ad, Muslahuddin Asep Suhendar ASFAR, ANDI HASRYNINGSIH Aspiati Samiun Asri Ady Bakri Asriani Natong Astuti, Winata Aji Asy Syahidah, Annisa Aulia, Triana Zuhrotun Awalia Az Zahra Awaliyah, Reni Ayke Nuraliati Ayu Puspita Sari aziz, fajar rahmat B.A.N.Krishantha Bakri, Asri Ady Barus, Irwan Irawadi Basri, T Saiful Basuki Basuki Rahmat Bhaswarendra Guntur Hendratri Bilondato, Nikma Budi Rohmansyah Budi, Hasiun C.G.Kothalawala Chadidjah, Sitti Ramelan Chaerul Anam Chairil Afandy Chairil Afandy Chasani, Rahmatika Nur Cikita Berlian Hakim Citra Kharisma Utami Citra Puspa Permata Danendra, Akhdan Belva Evan Daniel Rahandri DARMAN Darman Darman Darmawan Listya Cahya Darojat, Ilma Darul Kutni Dedi Haryadi Deni Iskandar Deni Iskandar Deniza Mukti Desi, Anistya Vinta Desiyanti, Rika Dewi Mariam Widiniarsih Dewi Nidia Soepriadi Dewi Rohmi Bai Kurnia Dien Ajeng Fauziah Dika Anggara Putra Dinar Ambarita Dini Nurdiani Djenni Sasmita Djuhrijjani Djuhrijjani Djuhrijjani Djuhrijjani Djuhrijjani Djuhrijjani, Djuhrijjani Djunaedi Dony Oktafia Putra Duni Duni Dwi Fitrianingsih Dwi Saleha Dwi Saleha Dwi Saleha Dwiati Marsiwi Edy Susanto edy susanto Effriyanti, Effriyanti Elka Fikri, Muhammad Emi Yulia Siska Endang Supriatna Erdawati, Lena Eri Kristanto Erlin Dolphina Ermaini Ermaini Erwina Kartika Devi Eva Yuniarti Utami Evaf Maulina Fachrurazi Fadilla Muhammad Mahdi Fahmy Fachrezzy Fahry Reza Fajar Rahmat Aziz Farida Arinie Soelistianto Fatahillah, Wilnan Fathoni, Muhad Fauzan Hidayat Fazira, Rabitha Febrian, Wenny Desty Febrina, Ilza Fenty Astrina Ferry WF Waangsir Fida Arumingtyas Fida Arumingtyas Fildansyah, Rully Firdaus Firdaus Fitria Madaniah Prasetyo Fitriah Handayani Fitrianingsih, Dwi Fitriansyah, Novela Deva Puasa Sucifa Franky Ariyadi Frans Sudirjo Frans Sudirjo Fricy O. Rumintjap Furqon, Wahyul Gatot Jariono Gatot Wijayanto Gunawan Raspati Guruh Marhaenis Handoko Putro Gusneli Gusneli Gusti Dian Prayogi Hadiono, Hadiono Hafidzullah, Muhammad Rijal Hakim, Mohamad Zulman Hakim, Nur Halim, Indra Hamza N. Aljumaili Hamzali, Said Hanifah Nurul Muthmainah Hardiwinoto Hardiwinoto, Hardiwinoto Harimurti Wulandjani Harimurti Wulandjani Haris Nugroho Haryanto, Abel Hasan, Muh Hendi Herdiansyah Hendratri, Bhaswarendra Guntur Heny Fitriani Herry Ramadhani Hersiyati Palayukan Hesti Erviani Zulaecha Hesty Erviani Zulaecha Hesty Ervianni Zulaecha Hidayatulloh, A.Nururrochman Hikmahwati Himawan Sutanto Himawan Sutanto, Himawan Hutabarat, Metyria Imelda I Made Pradana Adiputra Ibnu Aswat Ida Ayu Putri Suprapti Idrus, Rini Angriani Ignatius Septo Pramesworo Ihsanul Windasari Iin Inayah ika yulianingsih Ilah, Muhammad Abdul Ilham Ilhamiwati, Mega Imam Hidayat Imam Muhtadin Imron Nugroho Saputro Indah Permata Dewi Indah Yuliana Ingkak Chintya Wangsih Ingkak Chintya Wangsih Irdiana, Sukma Irma Irma Irma Irra Chrisyanti Dewi Irwan Irawadi Barus Irwan Moridu Isa Amsyari Isaghoji Isaghoji Iskandar Iskandar Ismed Wijaya Isrok Isrok Isrok Isrok Istiasih, Shitny Dwi Iswanto, Juni Iwan Adinugroho Iwan Harsono Jakaria M. Sali Jamaluddin Majid Jamaludin Jamaludin Januar Eky Pambudi Jasiah , Jasiah Jasiah Jasiah Jennifer Farihatul Bait Johnny Chandra Judijanto, Loso Junet Kaswoto Junet Kaswoto Junet Kaswoto Juni iswanto Jushermi Jushermi, Jushermi K.G.Dhammika B. Katupulle Kadambaeva Charos Masharipovna Kalijunjung Hasibuan Kamalia, Dea Amanda Kaswoto, Junet Khamaludin Khamaludin Khamaludin, Khamaludin Khoirunnisa Siregar Kimsen Kimsen KIMSEN, KIMSEN Koko Komaruddin, Koko Kristanti Rahman Kristanti Rahman Kristanto, Eri Kurniawan , M. Ilham Syafiq Kusmiyatun, Kusmiyatun Laras Amarita legito, Legito Lembong, Herningsih Sutri Lena Erdawati Liestyowati Liestyowati Liyusabyte Ali Loso Judijanto Lucky Mahesa Yahya Lucky, Muhammad Lucy Sri Musmini Luhur, Mujhid Budi Lutfi Amalia M Adhitya Wardhana M. Adhitya Wardhana M. Dedy Eko Trisyono Safari M. Imam Muttaqijn M. Yusuf Bahtiar Mahadi, Nur Rizky Putri Maharani, Astrid Mamdukh Budiman Marsiwi, Dwiati Masoud Lajevardi Maulana, Bonnix Hedy Maulina, Evaf Mayndarto, Eko Cahyo Mayratih, Siska Mega Andani Mega Arum Mega Arum Mega Arum Mega Ilhamiwati Mega Lestari Mega Lestari Meilandri, Detti Merita Ayu Indrianti Mislan Sihite, Mislan Moh Gifari Sono Moh Gifari Sono Mohamad Ridwan Mohammad Ridwan Mohammad Ridwan Mos Indrawati Muchdir Ahmad Ronoatmojo Muhad Fatoni Muhamad Akbar Muhamad Akbar Muhamad Ammar Muhtadi Muhamad Rizky Wijaya Muhamad Rizky Wijaya Muhammad Abdul Ilah Muhammad Abdul Rosid Muhammad Abdul Rosid Muhammad Dini Syauqi Al-Madani Muhammad Fithrayudi Triatmaja Muhammad Hariyadi Muhammad Hendra Muhammad Irwan Muhammad Lucky Muhammad Syafri Muhammad Syaiful Muhammad Taswin Muhammad Williams Rahaditama MUHAMMAD, RIO AMANDA Muhammadong Muhtadi, Muhamad Ammar Munzir Munzir Munzir Munzir, Munzir Murthada Murthada Musiana Musiana Muslahuddin As'ad Musran Munizu Mustaqim, Wahyu Nur Mutia Pamikatsih Muttaqien, Sajid Dzakwan N Nurhidayat, N Nabila Azura Qothrunnada Nanda Alfian Mahardika Nanda, Sahabuddin Nanik Wahyuni ‎ Nanjar, Agi Nashirotun Nisa Nurharjanti Nasirly, Riri - Nasution, Evriza Noverda Navis, Za’im Farhan Nesti Hapsari Ni Luh Kardini Nicholas Renaldo Nikem Kurnia Ningsih Nikem Kurnia Ningsih Nindiasari, Avininda Dewi Ningsih, Tri Widyastuti Nining Purwaningsih Nizla Rohaya NIZLA ROHAYA Nova Erliyana Novela Deva Puasa Sucifa Fitriansyah Novitasari Agus Saputri Novitasari, Salwa Aulia Nugroho Susanto Nugroho, Budi Sulistiyo Nugroho, Hanif Nur Hakim Nur Hayati Nur Subekti Nur W, Anugrah Nurhayadi, Willy Nurhidayat Nurhidayat Nurhidayat Nurhidayat Nurhidayat Nurhidayat Nurhidayat Nurlina Aris Nurmiati, Ai Siti Nurul Aulia Mentari Nurwijayanti Nusran, Muhammad Octasylva, Annuridya Rosyidta Pratiwi Opik Taupik Padlun Fauzi Palupiningtyas, Dyah Pasaribu, Daniel Pika Yolanda Pitri Wahyuni Prakosa Gempur Pamungkas Pratiwi Octasylva, Annuridya Rosyidta Prayitno, Mustofa Aji Prihantara Utama, Bangun Puguh Setiawan Pungki Indarto Purnamasari, Yuana Fasya Purnomo, Agus Widya Purnomo, Djauhar Edi PURWANTI PURWANTI Purwanto Puspita, Rita Sari Puti Khairani Rijadi Puti Khairani Rijadi Putra, Iwan Eka Putri, Inez Novitasari Putro, Rizki Listyono Rachmani, Ferlinda Ainur Rachmania, Dewi Raddani Raddani Raden Asri Kartini Raden Mohamad Herdian Bhakti Rafi Haristiarto, Imanda Rahma Maulidia Rahma Nurzianti Rahman, Kristanti Rahmat, Ariawan Rai Iqsandri Ramdan Yusuf Ramdani, Safier Ramdhan Kurniawan Rani Eka Arini Redjeki, Finny Rella Dwi Respati Reni Anggraeni Repi Dwi Putri Respatiningsih, Inneke Retnawati Siregar Retnowati Jasa Reza, Fahry Ria Puspitasari Ria Puspitasari Rianto Rianto Riesta Ayu Delia Riesta Ayu Delia Rifky , Sehan Rijadi, Puti Khairani Rika Desiyanti Rina Destiana Rina Malahayati Rinaldi, Alhazar Rinaldy Adidtya Rini Angriani Idrus Risna Amalia Hamzah Riyanto Setiawan Suharsono Rosid, Muhammad Abdul Rosidawaty Rosidawaty Rosyid Nurrohman Rr Anggraini Soemadi Ruci Arizanda Rahayu Rudin, Syafaat Rully Fildansyah Rumanintya Lisaria Putri, Rumanintya Lisaria Rusdi, Imam Safitri, Elvina Safitri, Wanda Said Hamzali Saida Said Saleh, Hairul Saleha, Dwi Salwa Aulia Novitasari Samalua Waoma Samsul Anwar Saparman Saparman Saparman, Saparman Saputra , Dimas Dodo Saputra, M Wahid Sari Mujiani Sartina R Male Sasmita, Djenni Satrio Sakti Rumpoko Sehan Rifky Selfy Andreany Septi, Iti Setyowati Subroto Setyowati Subroto Sev Rahmiyanti Simamora, Mukti Siregar, Indra Gunawan Siska Mayratih Siska, Emi Yulia Siti Noor khikmah Siti Rosmayanty Sitti Rabiah Yusuf Sitti Rabiah Yusuf Sitti Ramelan Chadidjah Slamet Riyadi Soelistianto, Farida Arinie Solihin Solihin Sono, Moh Gifari Sri Juminawati Sri Mulyono SRI RAHAYU Sugianto, Efendi Sugiharti Sugiharti Sugiharti Sugiharti Sugiono Sugiono Sukma Wijayanti Sulfianty Sulfianty Sulistyowati, Nur Wahyuning Suparman Suparman Suprapti, Ida Ayu Putri Supriatna, Endang Suroso Suroso Surya Ramadhan Noor Susilo, Priyo Sutoto, Agung Suwandi Suwandi Syafaat Rudin Syahrianti Syam, Syahrianti Syamsu Rijal Tahir, Usman Tamaulina Br Sembiring Tanti Widia Nurdiani Taswin, Muhammad Teguh Prakoso Tekni Megaster Thitus Gilaa Tirangga Ansori Titi Rapini, Titi Titis Pambudi Tiwuk Herawati Tora Yuliana Toto Sugihyanto Toto Sugihyanto Tri Winarsih Triana Zuhrotun Aulia Triana Zuhrotun Aulia Triatmaja, Muhammad Fithrayudi Trinandari Prasetya Nugrahanti Trinandari Prasetyo Nugrahanti Trisna Agus Brata Triyantoro, Andri Tundu, Astrid Kristiana Umi Haryani Ummu Kalsum Uska, Dedi Usman Tahir Utami , Eva Yuniarti Utami, Eva Yuniarti Utomo, Bekti Uzizatun Maslikah Vera Septi Sistiasih Vernando Vernando Vina Amaliya Wahyono, Zubaidi Warto - Wijaya, Ismed Wijaya, Muhamad Rizky Wijayanti, Indah Oktari Willy Nurhayadi Wily Mohammad Wirawati Abjan Wulandjani, Harimurti Yaghfir Alifah, Fathimah Yahawi, Seleman Hardi Yana Priyana Yani Sukriah Siregar Yanti Arnilis Yanti Susanti Yasrul Yayuk Suprihartini Yeni Priatna Sari Yessi Fitriyanti Yuliana Yuliana Yulianingsih, Ika Yulianti, Eka Budi Yultan Demmanggasa Yunita, Prita Yusniar Yusniar Yusniar, Yusniar Yusuf, Siti Rabiah Yusuf, Sitti Rabiah ZA, Saida Zainurossalamia Zainal Arifin Zainal Arifin Zainuddin Zainuddin Zakiyah Zakiyah Zubaidi Wahyono Zulaecha, Hesty Erviani Zulfikri , Agung Zuliyati