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Environmental, Social and Governance (ESG) and Corporate Financial Performance: Moderating Effects of Financial Slack Inayati, Nur Isna; Rahmawati, Ika Yustina; Pandansari, Tiara; Hapsari, Ira; Ramadhani, Alfina Nur
MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang Vol 15, No 1 (2025): MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang
Publisher : Universitas Muhammadiyah Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26714/mki.15.1.2025.110-120

Abstract

This study explores the impact of ESG (environmental, social, governance) on company financial performance, particularly in manufacturing companies. In addition, this research also seeks to analyze whether high financial slack can strengthen the relationship between ESG, both collectively and separately, and the company's Return on Assets (ROA). The population focused on this study consists of 635 manufacturing companies operating in Indonesia, with a sample of 446 companies listed on the Indonesia Stock Exchange (IDX). The data used comes from annual and sustainability reports from 2018 to 2022. To analyze the data, this study employs linear regression analysis, including calculating coefficients, p-values, and R-squared. The study results show that the environmental, social, and governance variables do not have a significant relationship with the company's ROA, indicating that although ESG is considered important, its implementation in practice may not yet provide the expected impact on financial performance. Additionally, high financial slack was found not to strengthen the relationship between ESG and ROA, suggesting that more significant financial resources do not always guarantee improved sustainable performance. The implications of this study highlight the importance of companies effectively managing ESG aspects and financial resources to achieve sustainability. These findings also provide theoretical insights into the role of financial slack in the relationship between ESG and financial performance, emphasizing that companies need to be more proactive in integrating sustainability practices into their business strategies. 
PEMBERDAYAAN USAHA MIKRO KECIL DAN MENENGAH ANGGOTA AISYIYAH DALAM MENINGKATKAN PEREKONOMIAN LOKAL MELALUI PENDAMPINGAN SERTIFIKASI HALAL DI KABUPATEN BANYUMAS Inayati, Nur Isna; Rahmawati, Ika Yustina; Utami, Restu Frida
BUDIMAS : JURNAL PENGABDIAN MASYARAKAT Vol. 6 No. 3 (2024): BUDIMAS : Jurnal Pengabdian Masyarakat
Publisher : LPPM ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/budimas.v6i3.15883

Abstract

Kabupaten Banyumas salah satunya yang cukup agresif dalam pertumbuhan UMKM, saat ini tercatat ada sejumlah 8557 UMKM. Diantaranya adalah beberapa pemilik usaha yang tergabung dalam penggerak pemeberdayaan perempuan Aisyiyah. Diterbitkannya Peraturan Pemerintah nomor 39 tahun 2021 tentang sertifikasi halal bagi pelaku usaha kecil dan mikro merupakan cikal bakal dibentuknya pendamping proses produk halal. Pendamping proses produk halal dibentuk oleh lembaga pendamping proses halal dengan melalui pelatihan yang terstruktur mulai dari pemahaman terkait syariat kehalalan sebuah produk, pemahaman bagaimana regulasi halal di Indonesia, serta pemahaman terkait tata cara dan etika dalam mendampingi pelaku usaha. Dibentuknya pendamping proses produk halal tentunya tidak hanya sebatas pembentukan saja. Berdasarkan hal tersebut, maka perlu dilaksanakan pendampingan sertifikasi halal bagi UMKM Anggota Aisyiyah di Banyumas Metode pelaksanaan IbM dengan cara pelatihan offline dengan materi yang disampaikan berupa ringkasan dalam power point (PPT) di lokasi pengabdian masyarakat. Hasil dari pelaksaan pengabdian pada masyarakat adalah dengan adanya sertifikasi halal tersebut justru mendorong pelaku usaha untuk mendaftarkan sertifikasi halal sekalipun dalam pengurusan harus melalui 3 lembaga, diantaranya BPJPH, LPPOM MUI sebagai lembaga pemeriksa halal (LPH), dan MUI serta perlu dilakukannya sertifikasi halal bagi UMKM di Banyumas Kata kunci: Aisyiyah, Peningkatan Perekonomian, Sertifikasi Halal, UMKM, ABSTRACT Banyumas Regency is one of them that is quite aggressive in the growth of MSMEs, currently there are 8557 MSMEs recorded. Among them are several business owners who are members of the Aisyiyah women's empowerment movement. The issuance of Government Regulation number 39 of 2021 concerning halal certification for small and micro businesses is the forerunner of the formation of halal product process assistants. The halal product process assistant is formed by the halal process assistant institution through structured training, starting from an understanding of the halal law of a product, understanding how halal regulations are in Indonesia, as well as understanding the procedures and ethics in assisting business actors. The formation of halal product process assistants is certainly not only limited to formation. Based on this, it is necessary to carry out halal certification assistance for MSMEs Aisyiyah members in Banyumas The method of implementing IbM is by means of offline training with the material presented in the form of a summary in power point (PPT) at the community service location. The result of the implementation of community service is that the existence of halal certification actually encourages business actors to register halal certification even though the management must go through 3 institutions, including BPJPH, LPPOM MUI as a halal inspection institution (LPH), and MUI and the need for halal certification for MSMEs in Banyumas. Keyword: Aisyiyah, Economic Improvement, Halal Certification, MSMEs
Determinants Factor of Entrepreneurial Interest Among University Students Nurjanah, Anis Rofika; Rahmawati, Ika Yustina; Tubastuvi, Naelati; Bagis, Fatmah
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 1 (2024): January 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v3i1.7743

Abstract

The study aims to find out the impact of entrepreneurship education, financial literacy, self-efficiency, and love of money on the entrepreneurial interests of college students. Sampling techniques include accidental sampling and data collection through questionnaires distributed to active students who have undergone matriculation at the university. This examination uses the testing of the measurement model (outer model), the structural model (inner model), and the hypothesis for the analysis of the test. Research shows that entrepreneurship education, self-efficacy, and love of money have a positive influence on student entrepreneurial interests, whereas financial literacy has no effect on student entrepreneurial interests.
The Influence of Transformational Leadership, Organizational Culture, and Organizational Commitment on Innovative Work Behavior in Employees of PT. Herba Emas Wahidatama, Purbalingga Regency Gemasari, Agustin Putriyana; Endratno, Hermin; Widhiandono, Hengky; Rahmawati, Ika Yustina
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 3 (2024): August 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v3i3.10647

Abstract

This research aims to determine the influence of Transformational Leadership, Organizational Culture, and Organizational Commitment on Innovative   Work   behavior   at   PT   Herba   Emas Wahidatama. The population in this study was 108 employees of   PT Herba       Emas Wahidatama employees, with a research sample of the entire   population.   This   type   of   research   is   a quantitative  method.  Questionnaires  were distributed in December-January. The primary data is used using the saturated sampling method. Instrument test: reliability test, classic assumption test:   normality   test,   multicollinearity   test,   and heteroscedasticity test. The next tests are the model suitability test, multiple regression analysis, partial t- test, and the determinant coefficient R2 using the SPSS data analysis tool 26. The results of the study that have been obtained show that transformational leadership affects innovative work behavior, organizational culture  does  not  affect  innovative work behavior, and organizational commitment has no effect on innovative work behavior.
The Influence of Financial Inclusion, Financial Literacy, Financial Management, and Financial Technology on MSME Performance Ernawati, Yuniar; Rahmawati, Ika Yustina; Purwidianti, Wida; Endratno, Hermin
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 3 (2024): August 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v3i3.10848

Abstract

This research aims to examine the influence of financial inclusion, financial literacy, financial management, and financial technology on the performance of MSMEs. This research uses a quantitative approach. The sample in this research was 100 MSMEs in Banyumas Regency. Sampling using the method non probability sampling with technique purposive sampling. The data collection technique in this research uses a questionnaire. The data analysis tool used is SPSS 26. The research results show that financial inclusion has no effect on MSME performance, financial literacy has a positive effect on MSME performance, financial management has a positive effect on MSME performance, and financial technology has no effect on the performance of MSMEs.
The Influence of Work Motivation, Work Discipline, Organizational Commitment, and Compensation on Organizational Citizenship Behavior Liana, Siska; Endratno, Hermin; Darmawan, Akhmad; Rahmawati, Ika Yustina
Jurnal Ekonomi dan Bisnis Digital Vol. 4 No. 2 (2025): April 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v4i2.14353

Abstract

The purpose of this study is to investigate the impact of work motivation, discipline, and organizational Commitment, and Compensation Irganizational Citizenship Behavior. This study employs a quantitative technique.  This study's sample included 103 personnel from Banyumas Regency's Population and Civil Registration Service. Sampling used a saturated sample method (census). This study collected data through the use of a questionnaire. The data was analyzed using SPSS 26.  The results of the investigation revealed that work motivation had a positive and significant effect on OCB, work discipline did not affect OCB, organizational commitment did not affect OCB, and compensation has a favorable and considerable effect on OCB.
Pengaruh Harga, Kualitas Informasi, Dan Persepsi Risiko Terhadap Keputusan Pembelian Pada E-Commerce Shopee Arman, Faris Meirizki; Utami, Restu Frida; Rachmawati, Erny; Rahmawati, Ika Yustina
Jurnal Ekonomi, Akutansi dan Organisasi Vol. 1 No. 3 (2024): Edisi Bulan April 2024
Publisher : Universitas Muhammadiyah Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32528/ektasi.v1i3.1705

Abstract

Persaingan e-comemerce pada saat ini semakin meningkat, hal ini terbukti dengan semakin banyaknya toko online yang bermunclan. Dalam hal ini mengakibatkan setiap perusahaan harus mempunyai strategi untuk mendapatkan banyak konsumen dimana salah satu caranya yaitu dengan menerapkan variasi harga pada setiap produk yang dijual. Penelitian ini menganalisis pengaruh dari harga, kualitas informasi, dan persepsi resiko terhadap keputusan pembelian secara parsial dan simultan. Teknik pengambilan sampling yang digunakan adalah purposive sampling, dengan kriteria yaitu mahasiswa aktif pada Universitas Muhammadiyah purwokerto, Universitas Jendral Soedirmasn dan Univesitas Islam Negeri Saifudin Zuhri, memiliki dan menggunakan aplikasi shopee dan melakukan transaksi minimal 1 kali. Teknik analisis data yang digunakan dalam penelitian ini yaitu dengan menggunakan analisis deskriptif, uji asumsi klasik, analisis regresi berganda dan uji kecocokan model. Berdasarkan hasil analisis diperoleh hasil bahwa harga, kualitas informasi, dan persepsi risiko secara simultan berpengaruh kepada keputusan pembelian, harga berpengaruh positif terhadap keputusan pembelian, kualitas infomasi berpengaruh positif terhadap keputusan pembelian, persepsi resiko berpengaruh positif terhadap keputusan pembelian.
Transformational Leadership and Work Motivation in Enhancing Innovative Work Behavior: The Mediating Role of Job Satisfaction in Hospitality Sector Employees Afriandika, Ivan Riski; Bagis, Fatmah; Endratno, Hermin; Rahmawati, Ika Yustina
Asian Journal of Management Analytics Vol. 4 No. 3 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ajma.v4i3.14598

Abstract

Behavior innovative work​ Still become necessary factors​ be considered and improved, especially in the sector services in Banyumas, Indonesia. Research This aims to​​ to study influence leadership transformational and motivational Work to behavior innovative work, with​ satisfaction Work as variable mediation. Questionnaire given online using Google Form, and is carried out with use approach quantitative with technique taking sample using accidental sampling. Population in study This as many as 255 and the samples used is 162 respondents from employees in the sector hospitality in Banyumas. Research This using SEM-PLS for analyze data. Research results show that, although motivation work and leadership transformational No in a way direct influence behavior innovative, both in a way significant influence satisfaction work, which is positive arrange connection between both and behavior innovative in place Work.
The Effect of Store Image, Store Atmosphere, Product Variation and Location on Purchasing Decisions Firliyani, Indah; Hidayah, Arini; Miftahuddin, Muchammad Agung; Rahmawati, Ika Yustina
Asian Journal of Management Analytics Vol. 4 No. 3 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ajma.v4i3.14658

Abstract

This research seeks to examine the influence of Store Image, Store Atmosphere, Product Variety, and Location on the Purchasing Decisions of consumers at Central Fashion Store Purbalingga. This study uses quantitative methods with data collection through questionnaires. Using simple random sampling involving 120 respondents. The data analysis technique uses SPSS 20. The results showed that store image has a positive but insignificant effect on purchasing decisions. Store atmosphere, product variety, and location have a positive and significant effect on purchasing decisions. The results of this study can help Central Fashion Store Purbalingga to improve its operational strategies, especially in terms of store image, store atmosphere, product variety, and location, in order to maintain consumer purchasing decisions.
Factors Determining Purchasing Decisions: A Review of Social Media, E-WOM, and Product Quality Wahyuningsih, Septia Tri; Hidayah, Arini; Miftahuddin, Muchammad Agung; Rahmawati, Ika Yustina
Asian Journal of Management Analytics Vol. 4 No. 3 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ajma.v4i3.15110

Abstract

This study aims to analyse the influence of social media, e-WOM, and product quality on purchasing decisions among consumers of Donlight Donut Shop. This study uses a quantitative method with data collection through questionnaires distributed directly. Non-probability sampling was used with the accidental sampling method, involving 110 respondents. Data analysis was assisted by SPSS 20. The results of the study indicate that social media, e-WOM, and product quality have a significant positive influence on purchasing decisions. The findings of this study can assist Donlight in improving its operational strategies, particularly in social media, e-WOM, and product quality, to maintain consumer purchasing decisions and enhance competitiveness in the food business.