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Determinants of Financial Distress and the Role of Firm Size the Variables are CR, DAR, to FD and FS as Moderation Hamzah, Zeze Zakaria; Gursida, Hari; Indrayono, Yohanes
The Es Economics and Entrepreneurship Vol. 3 No. 01 (2024): The Es Economics And Entrepreneurship (ESEE)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esee.v3i01.317

Abstract

The objective of this study is to determine the elements that account for the impact of financial ratios on financial difficulty. This will be achieved by treating firm size as a moderating variable that either enhances or diminishes the independent variable in connection to the dependent variable during the Covid-19 pandemic. The survey comprised a total of 263 companies. Observations were carried out consistent with the specified criteria, resulting in a total sample size of 40 companies. This study use regression as the data analysis technique. 1) Finding shows current ratio has adverse effect to financial distress. 2) The debt-to-asset ratio positively affects financial stability. 3) The significance of the current ratio on financial difficulty is reduced with the size of the firm. 4) The debt-to-asset ratio during financial crises is influenced by the size of the firm.
Sosialisasi Akses Permodalan Di UMKM Tajur Halang Makmur Kabupaten Bogor Jawa Barat Hari Muharam; Hari Gursida; Ramon Hurdawaty; Yandi Asmana; Hammad Hammad; Endi Suyatno
Al-Ijtimā': Jurnal Pengabdian Kepada Masyarakat Vol 4 No 1 (2023): Oktober
Publisher : Lembaga Penelitian, Publikasi Ilmiah dan Pengabdian kepada Masyarakat (LP3M)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53515/aijpkm.v4i1.95

Abstract

Salah satu tantangan yang dihadapi pelaku UMKM, terutama di Kabupaten Bogor, Jawa Barat, adalah askes permodalan. Masalah akses permodalan disebabkan oleh beberapa faktor, seperti hambatan administrasi dan hambatan lain yang membuat sulit bagi para pelaku UMKM mendapatkan pembiayaan. Tidak adanya akses informasi dan pelaporan keuangan yang memadai yang diperlukan untuk mendapatkan pendanaan menyebabkan kesulitan untuk mendapatkan permodalan Kegiatan pengabdian ini dilakukan dengan memberikan sosialisasi kepada kelompok UMKM Tajur Halang Makmur di Kecamatan Tajur Halang, Kabupaten Bogor. Kegiatan pengabdian dilakukan dalam bentuk sosialisasi yang diikuti dengan diskusi dan tanya jawab. Kegiatan pengabdian kepada masyarakat ini akan membantu pelaku UMKM mendapatkan pemahaman yang lebih baik tentang cara mendapatkan permodalan dari lembaga perbankan dan non-perbankan. Hasil kegiatan pengabdian ini merekomendasikan bahwa pemangku kebijakan terkait dengan pengembangan UMKM untuk dapat membantu menyelesaikan masalah permodalan yang dihadapi oleh para pelaku UMKM.
DETERMINANTS OF FINANCIAL PERFORMANCE AND THEIR IMPLICATIONS FOR COMPANY VALUES: Empirical Study of Automotive Sub-Sector and Registered Components on the Indonesia Stock Exchange Siahaan, Matdio; Gursida, Hari; Sasongko, Hendro
International Journal of Economy, Education and Entrepreneurship (IJE3) Vol. 4 No. 3 (2024): International Journal of Economy, Education and Entrepreneurship
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/ije3.v4i3.314

Abstract

The company aims to improve the welfare of shareholders by obtaining high company value as measured through various aspects including the company's stock price which can reflect the overall investor assessment of each equity owned in the Automotive and Component companies listed on the Indonesia Stock Exchange in 2019-2023. The data in this study are secondary data obtained through the company's annual financial reports which will be studied during the 2019-2023 period. This study aims to determine the effect of capital structure, company size, managerial ownership and institutional ownership on company value as proxied by price to book value (PBV). The sample selection method uses the purposive sampling methodnamely the selection of sample members based on certain criteria, with the number of companies sampled in this study as many as 12 companies, namely automotive and component sub-sector companies with an observation period of five years, so that the total observation data is 60. The research method used is a quantitative research method. The regression results show that for 2019-2023, Capital Structure (0.787), Managerial Ownership (-0; 364) and Institutional Ownership (0.461) have a significant effect on Financial Performance (0,995) while Company Size (0.015) does not have a significant effect on company value
Analysis Of The Effect Of Inflation, Rupiah Exchange Rate, Bank Size, LDR, Bopo And Car On Non-Performing Loans (Case Of Conventional Commercial Banks Registered In BEI For The 2016 To 2020 Period) Maulana, Nurnita Hayatun; Gursida, Hari; Hardiyanto, Arief Tri
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 8, No 1 (2024): JHSS (Journal of Humanities and Social Studies)
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v8i1.11340

Abstract

The impact of COVID-19 on the Indonesian economy is inevitable, at least on the financial market, due to the weakening of economic growth due to the corona virus pandemic. Banks on a small scale are also at risk of bad credit because they continue to provide loans to debtors. Banks do not only focus on collecting funds from customer deposits, the funds that have been collected are channeled back to the community in the form of loans or credit. This is done so that the money accumulated in the bank can continue to operate, the risk is quite large and can threaten the health of the bank, the most haunting bank is bad credit (NPL - Non-Performing Loan). NPL is a threat to sustainable development for developing countries. The purpose of this research is to look at the effect of inflation, exchange rates (exchange rates), LDR (Loan Deposit Ratio), BOPO (Operating Costs to Operating Income) and CAR (Capital Adequacy Ratio) on NPLs at conventional banks in 2016−2020. The research method is quantitative research based on positive philosophy, used to examine certain populations or samples, sampling techniques are generally carried out randomly, data collection uses research instruments, data analysis is quantitative/statistical in nature with the aim of testing hypotheses that are has been established. The results of the study show that conventional commercial banks listed on the IDX for the period 2016 to 2020 Inflation has no effect on non-performing loans. The Rupiah Exchange Rate has no effect on Non-Performing Loans. Size has no effect on Non-Performing Loans. Size has no effect on Non-Performing Loans. LDR has an effect on Non-Performing Loans. CAR has no effect on Non-Performing Loans.
Analysis Of The Influence Of Car, Npf, Fdr, Bopo And Inflation On Profitability (Case Of Islamic Banks In Bei For The 2016 To 2020 Period) Siddik, Ibnu; Gursida, Hari; Hardiyanto, Arief Tri
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 8, No 1 (2024): JHSS (Journal of Humanities and Social Studies)
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v8i1.11341

Abstract

The Covid-19 pandemic has indeed made the economy, including banking, experience a decline in performance. The impact of a pandemic is like the case of an economic recession, so banking management must be able to make the right strategy so that the effect is not too big. Banks (including Islamic banks) are more selective in providing loans (financing) because they compete with higher capital, liquidity and reserve requirements imposed since the global financial crisis, besides that there has also been a decline in economic activity. For this reason, research must be carried out to find out the effect of the economic crisis on the performance of Islamic banks such as CAR capital, NPF, FDR and Profitability. The research method used is associative quantitative research, namely research that asks the relationship between two or more variables. The relationship used in this study is a causal relationship. A causal relationship is a causal relationship, which consists of independent variables (variables that influence) and dependent (variables that are influenced). The results of the study show that the Capital Adequacy Ratio (CAR) has a positive effect on Profitability (ROA). The regression coefficient of the Capital Adequacy Ratio (CAR) is -0.020937 meaning that if the Capital Adequacy Ratio increases by 1% it will reduce Profitability (ROA) by -0.020937 assuming other variables are considered constant. Non-Performing Financing (NPF) partially has a positive effect on Profitability (ROA) in Islamic Commercial Banks listed on the IDX for the period 2016 to 2020. Financing to Deposit Ratio (FDR) has a positive effect on Profitability (ROA) and the results of data processing state that Financing to Deposit Ratio has a positive effect on Profitability (ROA) so hypothesis 3 is accepted. The regression coefficient of FDR is 0.065210 meaning that if the FDR increases by 1% it will increase ROA by 0.065210 assuming other variables are considered constant. Operational Costs and Operating Income (BOPO-Biaya Operasional Dan Pendapatan Operasional) have a negative effect on Profitability (ROA) and the results of data processing state that BOPO have a negative effect on Profitability (ROA), BOPO have increased by 1%, it will reduce ROA by -0.135394 assuming other variables are held constant. Inflation has a positive effect on Profitability (ROA) and the results of data processing state that Inflation has a positive effect on Profitability (ROA). if inflation increases by 1% it will increase Profitability (ROA) by 2.679569 assuming other variables are held constant.
Implementation of Management Practices in MSMEs’ Village for Business Performance and Sustainability Improvement: A Case Study in Bantargadung Village, Bantargadung Sub-Dicstric, Sukabumi Regency, West Java. Gursida, Hari; Herdiyana Herdiyana; Muharam, Hari; Pranowo, Agus Setyo; Hanan, Sufrin; Hadiyat, Yayan
Jurnal Kabar Masyarakat Vol. 3 No. 1 (2025): JURNAL KABAR MASYARAKAT
Publisher : Institut Teknologi dan Bisnis Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jkb.v3i1.2930

Abstract

Management practices in Micro, Small, and Medium Enterprises (MSMEs) in rural areas play a crucial role in enhancing business sustainability and competitiveness. This article explores various management strategies that rural MSMEs can implement to optimize their business operations. Through training and mentoring programs, MSME actors are provided with knowledge and skills in financial management, marketing, and operational management. Community service activities (PkM), conducted in conjunction with research activities using a case study approach on MSMEs in Bantargadung Village, Bantargadung Subdistrict, Sukabumi Regency, have formulated a management practice model for the sustainability of rural MSMEs. This model can be further developed to advance rural MSMEs, aiming to improve the village economy, enhance rural independence, stimulate economic growth, create jobs, and reduce unemployment rates in rural areas, ultimately improving the welfare of rural communities. Based on management practice theory, as well as guidance from the Chamber of Commerce and Industry (Kadin) and the Ministry of Cooperatives and MSMEs, the management practices for rural MSMEs include: 1) Efficient Inventory Management; 2) Production Process Improvement, particularly Production Efficiency; 3) Financial Management; 4) Human Resource Management; 5) Effective Marketing Strategies and the Use of Digital Marketing; and 6) Performance Evaluation and Control.
MSME FINANCIAL LITERACY MODEL AS A MEASURING TOOL FOR MSME FINANCIAL PERFORMANCE: Case Study of Bogor, Depok and Kuningan MSMEs Setiawati, Sri; Gursida, Hari; Indrayono, Yohanes
UTSAHA: Journal of Entrepreneurship Vol. 4 Issue 1 (2025)
Publisher : jfpublisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56943/joe.v4i1.710

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are vital to the economy but often struggle with financial management due to limited financial literacy. This leads to poor accounting practices and weak financial reporting, hindering growth and competitiveness. The rapid changes of the industrial revolution 4.0 further challenge MSMEs to adapt. This study examines financial literacy’s role in enhancing MSME financial performance in Bogor, Depok, and Kuningan. It identifies key influencing factors and their impact. Using an associative methodology with quantitative and qualitative approaches, data were collected from 399 MSME practitioners via surveys, interviews, and Focus Group Discussions (FGDs). Structural Equation Modeling (SEM) with Partial Least Square (PLS) was used for analysis. Findings show financial behavior, attitude, bank product usage, credit/loans, and financial inclusion positively affect financial performance through financial literacy. However, risk preference and digital literacy had no significant impact. The study underscores the need to improve financial literacy and recommends developing a financial reporting application to help MSMEs manage finances effectively.
CORPORATE GOVERNANCE DETERMINANTS OF BANK FINANCIAL PERFORMANCE THROUGH GREEN BANKING IN INDONESIA Dalimunthe, Ibram Pinondang; Gursida, Hari; Indrayono, Yohanes
UTSAHA: Journal of Entrepreneurship Vol. 4 Issue 2 (2025)
Publisher : jfpublisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56943/joe.v4i2.768

Abstract

The return on equity (ROE) is used as an indicator of profitability that is of concern to the bank’s internal and external parties; the pressure on the increasingly difficult environmental situation urges banks to be involved in their role in reducing the impact of damage without setting aside profitability. This research analyzes the effect of institutional ownership, managerial ownership, audit committee, independent commissioner, and ASEAN corporate governance scorecard on return on equity through disclosure of green banking practices in Indonesia. This research method uses a quantitative approach with secondary data. The sample of this study was 13 banks that were members of the Indonesian Sustainable Finance Initiative (IKBI) in 2018-2023, and they were analyzed by path analysis using SmartPLS version 4. The results indicate that institutional ownership negatively affects the green banking disclosure index, while managerial ownership, the audit committee, and independent commissioners show no effect. The ASEAN Corporate Governance Scorecard positively affects the index. In turn, the index positively influences return on equity (ROE). Institutional ownership does not affect ROE directly, but its negative impact is fully mediated by the disclosure index. Managerial ownership has a negative effect on ROE, while independent commissioners have a positive one; the audit committee and the governance scorecard show no direct effect on ROE. The disclosure index does not mediate the effects of managerial ownership, the audit committee, or independent commissioners on ROE, yet it fully mediates the positive effect of the governance scorecard.
Determinants of Financial Performance and Their Implications for Corporate Values Matdio Siahaan; Hari Gursida; Hendro Sasongko
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 2 (2025): Dinasti International Journal of Economics, Finance & Accounting (May-June 2025
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i2.4047

Abstract

The company has a goal of improving the welfare of shareholders by obtaining high company value which is measured through various aspects including the company's stock price which can reflect the overall investor assessment of each equity owned. If the stock price increases, the company's value will also increase. This study aims to determine the effect of capital structure, company size, managerial ownership and institutional ownership on company value which is proxied by price to book value (PBV) with financial performance on profitability which is proxied by return on assets (ROA) as an intervening variable. This study was conducted to analyze the determinants of Financial Performance and Company Value, namely Capital Structure, Company Size, Managerial Ownership and Institutional Ownership. The sample selection method uses the purposive sampling method, with the number of companies used as samples in this study as many as 12 companies, namely automotive and component sub-sector companies with an observation period of five years, so that the total observation data is 60. The research method used is a mixed research method between quantitative and qualitative. The regression results show that for 2019-2023, capital structure (-2.745), company size (-0.151), managerial ownership (-0.325), institutional ownership (0.564) have a significant effect on Financial Performance. Capital Structure (0.787), Managerial Ownership (-0;364) and Institutional Ownership (0.461) and Financial Performance (0.995) have a significant effect while Company Size (0.015) does not have a significant effect on Company Value.
QUALITATIVE RESEARCH: RELATIONSHIP CUSTOMER LOYALTY WITH CUSTOMER SATISFACTION, CO-CREATION, PRODUCT INNOVATION, AND SOCIAL MEDIA MARKETING Hanafiah, Hafidz; Gursida, Hari; Muharam, Hari
International Journal of Multidisciplinary Research and Literature Vol. 4 No. 3 (2025): INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND LITERATURE
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/ijomral.v4i3.338

Abstract

Loyalty is one form of attitude and behavior of customers. Customer loyalty is formed by going through several stages based on customer experience, exceeding satisfaction, and always being loyal. However, customer loyalty will change when there is a weakness in implementing a customer loyalty program as a medium for the sustainability of loyalty itself. Not committed and inconsistent in carrying out this loyalty, the tendency for business sustainability will change slightly when accustomed to having loyal customers. The purpose of this study with a literature review of the influence of several variables on customer loyalty is studied. The research method is qualitative which comes from book and journal references related to the theme being studied. The results of the study found that customer loyalty is influenced by customer satisfaction, co-creation, product innovation, and social media marketing. Then customer satisfaction is also influenced by co-creation, product innovation, and social media marketing. As well as co-creation, product innovation, and social media marketing each affect customer loyalty through customer satisfaction. So that loyalty can provide a positive atmosphere for business actors. Further research suggestions need to be conducted quantitatively and research objects in detail
Co-Authors Ade Ratna Sari, Ade Ratna Adhi Wichaksono Afif, M Nur Agus Setyo Pranowo Aminudin Aminudin Andy Lasmana Andy Lasmana Anggorodi, Riza Aditriawan Ardhiati Octaviani Baliyah Munadjat Bambang Siswanto Chih Seong SU Dani Rahman Hakim Dani Rahman Hakim, Dani Rahman Dede Hikmat Maulana Dodi Haryadi Doni Wihartika Doni Wihartika Doni Wihartika Endi Suyatno Endi Suyatno Endi Suyatno Enok Tuti Alawiah Erna Herlina Firman Ferdian Gandhy, Abel Hafidz Hanafiah Hammad Hammad Hammad Hammad Hammad Hammad hammad, hammad Hamzah, Zeze Zakaria Hanan, Sufrin Hardiyanto, Arief Tri Hari Muharam Hendro Sasongko Herdiyana Herdiyana Herdiyana herdiyana, Herdiyana Herdyana Heri Susanto Herlin Widasiwi Setianingrum Hinka Lutfiah Ibram Pinondang Dalimunthe ibram pinondang dalimunthe, ibram pinondang Iman Ibrahim Indra Cahya Kusuma Indra Cahya, Kusuma Indrayono, Yohanes Isnurrini Hidayat Susilowati Isnurrini hidayat, Isnurrini Karina Apriyani Kiki Intan Saputri Lakonardi Nurraditya Lisdiana, Vera Mailini, Dini Maman Suryaman Mamay Komarudin Marsifa Maulana, Nurnita Hayatun Metya Lutviani Moeins, Anoesyirwan N. Rusnaeni Nancy Yusnita Nancy Yusnita Novalida Nurdyane Ramon Hurdawaty Ramon Hurdawaty Retno Martanti Endah L Reza Khairul Hadi Rina Rustikasari Riza Aditriawan Anggorodi Rochman Marota ROOSGANDA ELIZABETH Rukmana, Dwita Rumna Rumna Rumna Salmah Shabrina, Hafiyya Siahaan, Matdio Siddik, Ibnu Sri Setiawati Sri Setiawati, Sri Sumarno Sumarno Sunarta, Ketut Sutarto, Bambang Suyatno, Endi Thiar Cnur Umayi Ananda, Woro Valeriana Darwis Veta Lidya Delimah Pasaribu Warizal Widasiwi, Herlin Widodo Sunaryo Widodo Sunaryo Wihartika, Doni Wiwik Widiyanti, Wiwik Yandi Asmana Yayan Hadiyat Yohanes Indrayono YOHANES INDRAYONO Yohanes Indrayono Yohanes Indrayono Yohanes Indrayono Yohanes Indrayono Yohanes Indrayono Yohanes Indrayono Yohannes Indrayono yusnita, nancy Zaini, Oktori Kiswati