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KEY DETERMINANTS OF CASH RESERVES IN MANUFACTURING FIRMS DURING COVID-19 IN INDONESIA: Cash Holding, COVID-19, Indonesian Stock Exchange, Manufacturing Firm Cempaka, Santy Dwi; Hakim, Muhammad Saiful; Zharifa, Naila Qanita; Safitri, Ika; Jauhari, Muhammad Haris; Kunaifi, Aang
JMD : Jurnal Riset Manajemen & Bisnis Dewantara Vol. 7 No. 2 (2024): Juli (2024) - Desember (2024)
Publisher : STIE PGRI Dewantara Jombang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26533/jmd.v7i2.1339

Abstract

This study investigates the effects of the COVID-19 pandemic on cash reserves in Indonesian manufacturing companies. The research assesses cash levels before, during, and after the pandemic, and identifies key factors influencing cash holdings. Data from publicly listed manufacturing companies in Indonesia were analyzed, focusing on financial metrics such as earnings before interest, taxes, depreciation, and amortization (EBITDA), sales volatility, and net working capital. The findings reveal significant differences in cash, EBITDA, and sales volatility between the pre-crisis (2018-2019) and crisis periods horizons I (2020-2021) and II (2022). The primary determinants of cash holdings were found to be sensitivity of cash flow, capital expenditure, cash flow volatility, net working capital, and debt levels. These factors are crucial in understanding the impact of the pandemic on cash management in Indonesian manufacturing companies.
Sustainable Company: Examining the Influence of Environmental, Social and Governance in Improving Company Performance Saiful Hakim, Muhammad; Jauhari, Muhammad Haris; Safitri, Ika
Eduvest - Journal of Universal Studies Vol. 5 No. 6 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i6.51478

Abstract

The growing awareness of sustainability has prompted companies to adopt more responsible and ethical business practices. Consequently, corporate performance is no longer assessed solely based on economic profit but also on how effectively companies mitigate negative environmental and social impacts. In this context, the implementation of environmental, social, and governance (ESG) principles has become a crucial factor influencing corporate performance. However, studies on the relationship between ESG practices and firm performance in emerging markets, particularly in Indonesia, remain limited and inconclusive. Addressing this gap, this study aims to analyze the impact of ESG implementation on the operational performance and market value of companies listed on the Indonesia Stock Exchange (IDX). Using a panel data regression approach with secondary data from IDX-listed companies, the analysis reveals a significant positive relationship between ESG practices and firm performance. Companies that integrate ESG principles tend to exhibit stronger operational outcomes, enhanced investor confidence, and improved market valuation. These findings highlight the importance of ESG adoption not only as a tool for long-term sustainability but also as a strategic advantage that can strengthen competitiveness in a dynamic business environment.
Analisis Strategi Perluasan Pemasaran Cabai di Kecamatan Baros Kabupaten Serang Provinsi Banten Dzikri, Rizka Febrina; Safitri, Ika; Aliudin, Aliudin; Aliah, Aliah; Imania, Renita
Jurnal Ekonomi Pertanian dan Agribisnis Vol. 2 No. 2 (2025): Januari - Juni
Publisher : CV.ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/jepag.v2i2.3071

Abstract

This study aims to analyze the marketing expansion strategy of chili commodities in Baros District, Serang Regency. The research employs a qualitative approach with data collected through in-depth interviews with four chili farmers as the primary respondents. Informants were selected using purposive and snowball sampling techniques. The interviews were conducted semi-structurally using open-ended question guides to explore information on marketing strategies, challenges faced, and steps taken to expand market reach. The results of the study indicate that the main challenges faced by farmers in expanding chili marketing in Baros District include price fluctuations, limited market access, lack of business capital, and insufficient support or assistance from the government in terms of financing and marketing support facilities. This research is expected to serve as a consideration for farmers and related stakeholders in formulating effective and sustainable marketing strategies.
PEMANFAATAN TANAMAN SERAI SEBAGAI OBAT PENGUSIR NYAMUK UNTUK PENCEGAHAN DBD MANDIRI DI DESA TEGALREJO Ashiyam, Inayatul Nur; Safitri, Ika; Sholikhah, Nur Lailatus; Nugraheni, Nita Murti; Hidayanti, Latifah; Alifah, Fatih; Khusnurrijal, Khusnurrijal; Triastati, Triastati; Udiyono, Udiyono; Widodo, Lukman Bastiyar; Khafiyurrohman, Muhamad; Lutfi, Muhamad; Arrosyid, Khabib Huda; Lestarini, Wiji
Jurnal Edukasi Pengabdian Masyarakat Vol 4 No 2 (2025): APRIL 2025
Publisher : FIP UNIRA MALANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36636/eduabdimas.v4i2.6596

Abstract

Nyamuk adalah salah satu jenis insektan yang merugikan manusia terlebih nyamuk betina yang dapat menyebabkan penyakit debab berdarah dengue (DBD) dan malaria. Nyamuk berkembang biak di genangan air sehingga pada musim hujan penyakit DBD akan lebih meningkat. Sebenarnya penyebaran nyamuk dapat di lakukan pencegahan melalui langkah 3 (menguras,menutup,mengubur). Hal ini di lakukan untuk memotong siklus hidup nyamuk pada fase telur . sedangkan pada fase dewasa dapat di lakukan dengan menyemprot dengan cairan kimia yang di jual di pasaran dan juga dengan lotion anti nyamuk. Penyemportan penggunaan insektisida sintesis juga membutuhkan biaya. obat anti nyamuk sintesis tentunya menggunakan bahan kimia berbahaya yang dapat menganggu Kesehatan. Untuk menekan dampak negatifa zat kimia, alangkah baiknya kita menggunakan bahan alami yang ada di sekitar kita. Oleh karena itu perlunya adanya tani pekarangan dengan pengadaan tanaman toga salah satunya serai. Serai mengandung sitronella yang dapat membunuh nyamuk.penggunaan bahan alami ini tentunya lebih aman untuk di gunakan.
Implementasi Kegiatan Bakti Sosial Bersama Masyarakat Desa Klumpang Kampung Sebagai Wujud Kepedulian Cinta Lingkungan Arni Syahfitri, Desi; Nurcahayati, Siti; Sitompul, Khairunnisa; Hazira Herdina Lubis, Hera; Mayla, Salsabila; Meryna Aulia, Ainun; Mawaddah, Nadiyah; Safitri, Ika; Putri Maharaja, Indah; Wardani Fadhilah Lubis, Nurul; Batubara, Chuzaimah
AMMA : Jurnal Pengabdian Masyarakat Vol. 4 No. 8 : September (2025): AMMA : Jurnal Pengabdian Masyarakat
Publisher : CV. Multi Kreasi Media

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

Abstract

Community Service Program (KKN) is a form of community service activity conducted by universities by students under the guidance of lecturers and local government leaders. Through KKN, students can apply the knowledge they have gained in higher education to real life. KKN students from the State Islamic University of North Sumatra Medan who were stationed in Klumpang Kampung Village created a work program in the form of Community Service activities. The results of this community service show that the waste problem in Klumpang Kampung Village is a serious issue with a dirty environment, especially around the river near residential areas. Public awareness of cleanliness and health is important to prevent disease and potential flooding due to piles of garbage that can clog water channels during the rainy season. This Community Service Program is not only carried out to maintain the cleanliness of the village, but also as a medium to get closer to the people of Klumpang Kampung Village and to maintain harmony between communities. In this case, certain agendas are needed in Klumpang Kampung Village, so as to strengthen the existing family ties and also create a spirit of mutual reminder between the community about the importance of cleanliness and health, as well as providing a place as a final disposal for waste. The increasingly better quality of clean and healthy life of the people of Klumpang Village will have an impact on other village communities.
Digital Transformation and Servitization: The Keys to Unlocking Business Success in the Digital Age Khasanah, Siskha Nur; Rofifah, Jihan; Safitri, Ika; Anshori, Mohamad Yusak
International Journal of Business and Management Technology in Society Vol. 1 No. 1 (2023)
Publisher : Direktorat Riset dan Pengabdian Kepada Masyarakat, Institut Teknologi Sepuluh Nopember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12962/j30254256.v1i1.782

Abstract

Purpose – Emphasized that digital technology has a role in services across industries beyond manufacturing, including retail, banking, and the Internet of Things. Methodology – This study uses a combination of bibliometric analysis methodology and systematic literature review (SLR), to provide an inclusive view of the digital transformation that enable servitization in various industries. Findings – Organizations greatly profit when digital servitization plans are implemented successfully. First off, it increases revenue streams by expanding beyond just product sales as a source of money. Companies can tap into more income sources and attain better financial stability by providing complementary services and solutions. Second, by taking into account customers changing requirements and preferences, digital servitization raises customer happiness. Organizations may increase client loyalty, encourage repeat business, and build favorable brand perception by offering personalized and integrated services. Research limitations – The specific strategies, benefits, and disadvantages of digital servitization can vary depending on factors such as industry dynamics, company size, market conditions, and the successful execution of transformation initiatives. Organizations need to carefully assess their unique circumstances and tailor their digital servitization strategies accordingly to maximize the benefits and mitigate potential challenges. Practical implications – IoT, cloud computing, and data analytics are examples of digital technologies that businesses can adopt to optimize service delivery, boost operational effectiveness, and acquire insightful data on customer behavior. As a result, they are in a position to dominate their market and beat off rivals in the age of digital technology.
Comparative Analysis of the Financial Performance of Islamic Banking in Indonesia and Malaysia During the Covid-19 Pandemic Safitri, Ika; Pramono, Sigid Eko; Zaenal, Muhammad Hasbi
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.900

Abstract

Financial performance as a measuring tool to determine the process of implementing financial resources owned by the company. The Covid-19 pandemic has had a significant impact on Islamic banking. where Malaysia and Indonesia are the leading countries in the development of the Sharia economy, of course they are affected by the Covid 19 Pandemic. The purpose of this study is to compare the financial performance of Islamic banking in Indonesia and Malaysia before and during the Covid 19 pandemic. The data analysis technique used is the independent sample t test. The variables being compared are NPF, FDR, ROA, ROE, CAR, and BOPO. The sample used in this study is in the form of sharia banking performance reports issued by financial services authorities from each country before and during the Covid-19 pandemic, namely from 2018-2021. The results show that in Islamic banking in Indonesia there are significant differences only in the CAR variable, while for NPF, FDR, ROA, ROE, and BOPO there are no significant differences between before and during COVID-19. Meanwhile, in Islamic banking in Malaysia, there are significant differences only in the BOPO variable, while for NPF, FDR, ROA, ROE, and CAR there are no significant differences between before and during COVID-19. And for the comparison of performance between Indonesian and Malaysian Islamic Banking, there is a significant difference in the performance of the two countries except for the NPF variable, there is no significant difference between the NPF of Indonesian Islamic Banks and Malaysian Islamic Banks during the 2018-2021 period
The Influence of CEO Characteristics On Environmental, Social, & Governance (ESG) Strategies In Non-Financial Sector Companies Listed On The Indonesian Stock Ex-change (IDX) Safitri, Ika; Hakim, Muhammad Saiful; Dewangga, Leonardus Arya; Jauhari, Muhammad Haris
Eduvest - Journal of Universal Studies Vol. 4 No. 7 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i7.1578

Abstract

Global issues such as climate change, social injustice, and corporate misconduct have driven the emergence of the Environmental, Social, & Governance (ESG) concept as the foundation of business and investment strategies. While Indonesia has been a pioneer in ESG bond issuance, further steps are still needed to support national policies and ensure alignment with ASEAN and G20 goals in supporting sustainable finance. This study aims to determine the effect of CEO characteristics, namely Gender and Education, on the Environmental, Social, & Governance (ESG) of companies listed on the Indonesia Stock Exchange (IDX). The literature shows that Gender, Education, and CEO Experienxe affect the company's funding policy and capital structure, but the impact on ESG implementation is unclear. This study used a sample of 365 with a total of 73 companies. The data processing method used is panel linear regression analysis using RStudio software. The results showed that CEO gender has an insignificant positive effect, CEO education has a significant positive effect, and CEO experience has a significant negative effect on the ESG strategy score. The results of the study are expected to help companies in making policies to improve ESG and help investors in choosing ESG companies.