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All Journal EL-MUHASABA Jurnal Pengabdian kepada Masyarakat Nusantara Jurnal Bisnis Mahasiswa Golden Ratio of Finance Management Jurnal Ilmiah Manajemen, Ekonomi dan Akuntansi Journal of Business Transformation and Strategy
Utami, Reistiawati
Unknown Affiliation
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Social Sciences Other

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PENGUNGKAPAN ISLAMIC CORPORATE SOCIAL RESPONSIBILITY (ICSR) DAN GOOD CORPORATE GOVERNANCE (GCG) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING) Utami, Reistiawati; Yusniar, Meina Wulansari
EL MUHASABA: Jurnal Akuntansi (e-Journal) Vol 11, No 2 (2020): EL MUHASABA
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (208.153 KB) | DOI: 10.18860/em.v11i2.8922

Abstract

The company maintains its existence by maintaining the company's financial performance and establishing its good relations to its stakeholders. Islamic Corporate Social Responsibility (ICSR) and Good Corporate Governance (GCG) are forms of corporate responsibility towards its stakeholders. This study aims to analyze the effect of disclosures of ICSR and GCG on the Company Profitability and the Company Value through Company Profitability.The proxy variables used are the ISR Index (Islamic Social Reporting), the GCG Index sourced from KNKG and OJK, ROE and PBV. Companies chosen as the sample of research are those included in JII  for the period 2016 - 2018. Data analysis and hypothesis testing were conducted through the Mediation effect Regression technique by using the SEM - PLS algorithm generated by Smart PLS 3.0 software.The results showed that (1) ICSR had a negative and insignificant effect on Company Financial Performance, (2) ICSR had a negative insignificant effect on Company Value, (3) GCG had a significant positive effect on Company Financial Performance, (4) GCG had a positive and significant effect on Company Value,(5) Financial Performance had a significant  and positive  effect on Company Value,(6) Financial Performance could not mediate the relationship of ICSR influence on Company Value, and (7) Financial Performance could mediate the relationship of GCG influence towards Company Value.
PENGUNGKAPAN ISLAMIC CORPORATE SOCIAL RESPONSIBILITY (ICSR) DAN GOOD CORPORATE GOVERNANCE (GCG) TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING) Utami, Reistiawati; Yusniar, Meina Wulansari
EL MUHASABA: Jurnal Akuntansi (e-Journal) Vol 11, No 2 (2020): EL MUHASABA
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (208.153 KB) | DOI: 10.18860/em.v11i2.8922

Abstract

The company maintains its existence by maintaining the company's financial performance and establishing its good relations to its stakeholders. Islamic Corporate Social Responsibility (ICSR) and Good Corporate Governance (GCG) are forms of corporate responsibility towards its stakeholders. This study aims to analyze the effect of disclosures of ICSR and GCG on the Company Profitability and the Company Value through Company Profitability.The proxy variables used are the ISR Index (Islamic Social Reporting), the GCG Index sourced from KNKG and OJK, ROE and PBV. Companies chosen as the sample of research are those included in JII  for the period 2016 - 2018. Data analysis and hypothesis testing were conducted through the Mediation effect Regression technique by using the SEM - PLS algorithm generated by Smart PLS 3.0 software.The results showed that (1) ICSR had a negative and insignificant effect on Company Financial Performance, (2) ICSR had a negative insignificant effect on Company Value, (3) GCG had a significant positive effect on Company Financial Performance, (4) GCG had a positive and significant effect on Company Value,(5) Financial Performance had a significant  and positive  effect on Company Value,(6) Financial Performance could not mediate the relationship of ICSR influence on Company Value, and (7) Financial Performance could mediate the relationship of GCG influence towards Company Value.
Systematic Risk and Non-Systematic Risk Impact on Stock Returns in Health Sector Companies Reistiawati Utami; Mahesa Vicky Satria Ramadhan Lihu
Journal of Business Transformation and Strategy Vol. 1 No. 2 (2024): Journal of Business Transformation and Strategy
Publisher : Magister Administrasi Bisnis ULM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/jbts.11i2.39

Abstract

Abstract: When an investor decides to invest in the capital market, investor would be understood that the investment will bring profits and contain risks. In the Capital Market, risk can be classified into Systematic Risk (Market Risk), which is the risk that is experienced by all issuers and cannot be diversified, and Non-Systematic Risk, which is the risk that exists in one particular company or industry so that it can still be minimized or diversified. This research aims to prove the effect of systematic and non-systematic risk on stock returns during the Covid 19 pandemic and after, where the moments that cause systematic risk and also non-systematic risk occur together. The Health Sector is a sector that experiences a direct impact because it acts as a basis for defense against the Covid 19 Epidemic. Systematic Risk uses the Stock Beta, Interest Rate, Foreign Exchange, and Inflation, while non-systematic Risk uses the Solvency Ratio (DER) and Profitability Ratio (ROE). Using a purposive sampling technique, 15 health sector companies were selected during 2018 - 2023. Statistical analysis carried out using Smart PLS 4.0 resulted that Systematic Risk and Non-Systematic Risk did not affect Share Returns of Health Sector Companies in the 2018 - 2023 period Keywords: Systematic Risk, Non-Systematic Risk, Stock Returns
Beta Saham, Suku Bunga dan Risiko Finansial terhadap Return Saham pada Perusahaan Sektor Kesehatan Periode 2018 - 2022 Reistiawati Utami; Muja Fatruse Gano; Zahrah Rahmawati
Jurnal Ilmiah Manajemen, Ekonomi dan Akuntansi Vol. 4 No. 2 (2024): Jurnal Ilmiah Manajemen, Ekonomi dan Akuntansi
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimea.v4i2.841

Abstract

Abstrak. Berinvestasi di Pasar Modal memberikan keuntungan dan juga situasi yang mengandung risiko. Di Pasar Modal, risiko dapat digolongkan menjadi Risiko Sistematis (Risiko Pasar). Ini merupakan risiko yang dialami semua emiten dan tidak bisa didiversifikasi. Kemudian Risiko Non Sistematis. Hal ini merupakan risiko yang ada pada suatu perusahaan atau industri sehingga masih dapat diminimalkan atau didiversifikasi. Penelitian ini mencoba membuktikan pengaruh risiko sistematis dan risiko nonsistematis terhadap return saham pada masa pandemi Covid 19, yaitu saat dimana risiko sistematis dan juga risiko nonsistematis terjadi secara bersamaan. Sektor Kesehatan merupakan sektor yang terkena dampak langsung karena berperan sebagai basis pertahanan terhadap Wabah Covid 19. Risiko Sistematis menggunakan ukuran Beta Saham dan Suku Bunga Bank, sedangkan Risiko non Sistematis menggunakan ukuran Rasio Solvabilitas (DER) dan Rasio Profitabilitas (ROE). Dengan menggunakan teknik purposive sampling, terpilih 13 perusahaan sektor kesehatan selama tahun 2018 – 2023. Uji regresi berganda yang dilakukan dengan menggunakan SPSS versi 23 menghasilkan bahwa Beta Saham dan DER tidak berpengaruh terhadap Return Saham. Sedangkan Suku Bunga dan (ROE) berpengaruh signifikan terhadap return saham pada perusahaan sektor kesehatan periode 2018 – 2022. Kata kunci: Beta Saham, DER, Risiko, Return Saham, ROE, Tingkat Suku Bunga.
Peran Profitabilitas dalam Pengungkapan ESG terhadap Nilai Perusahaan pada Perusahaan Indeks ESGL Tahun 2019-2023 Utami, Reistiawati; Falah, Falah
Jurnal Bisnis Mahasiswa Vol 5 No 1 (2025): Jurnal Bisnis Mahasiswa
Publisher : PT Aksara Indo Rajawali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60036/jbm.v5i1.516

Abstract

Sustainable Development Goals (SDG’s) telah menjadi kesepakatan bersama 195 negara di dunia termasuk Indonesia menjadi tujuan jangka panjang dunia yang dimulai sejak Tahun 2015 hingga 2030. Penelitian ini bertujuan untuk mengetahui bagaimana Investor merespon risiko risiko yang ada dalam Perusahaan terhadap investasi pada perusahaan perusahaan yang peduli pada aksi nyata pada pembangunan berkelanjutan. Menggunakan metode purposive sampling terpilih 12 Perusahaan yang berada pada indeks ESGLeader selama periode 2019 – 2023, penelitian ini mengkombinasikan variabel pengungkapan ESG, risiko keuangan dan risiko sistematis pada perusahaan kemudian menguji pengaruhnya terhadap Nilai Perusahaan. Uji Statistik metode Kuantitatif pada Penelitian ini menggunakan Program Smart PLS 24 dengan hasil menunjukkan bahwa faktor Risiko ESG, Risiko Sistematis Beta, Risiko Solvabilitas DER memberikan pengaruh yang tidak signifikan terhadap nilai perusahaan. Risiko Profitabilitas ROE terbukti secara signifikan memberikan pengaruh positif terhadap nilai perusahaan. ROE sebagai proksi Risiko Profitabilitas mampu menjadi variabel mediasi antara Risiko Solvabilitas DER terhadap Nilai Perusahan, namun tidak berhasil menjadi variabel mediasi antara pengungkapan ESG terhadap Nilai Perusahaan.
Valuing Companies Through Environment, Social, Governance: The Role of Company Reputation and Financial Performance as Mediating Variables in Companies Listed on the IDX Utami, Reistiawati; Zuyyina, Z.; Firmansyah, Aditia; Muhtadin, Yulian
Golden Ratio of Finance Management Vol. 5 No. 2 (2025): April - September
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i2.1574

Abstract

The ESG framework is an important sustainability strategy that companies can easily integrate into their management practices. This framework supports responsible governance and aims to create long-term value. This study will analyze how ESG components affect corporate performance, reputation, and overall company value. Although previous research has provided various findings on the relationship between ESG and corporate value, this study focuses on clarifying these inconsistencies. We analyzed 39 public companies that disclosed their ESG performance from 2019 to 2023. Using statistical analysis with Smart PLS Version 4, we found that environmental and governance aspects significantly influence financial performance. In addition, our observations show that corporate governance, reputation, and financial performance play an important role in increasing company value. Specifically, this study proves that financial performance acts as an intermediary variable between the environment and governance on company value. This study provides valuable implications for managers, emphasizing the importance of promoting corporate governance, financial performance, and reputation. By focusing on these key areas, companies can effectively increase corporate value, achieve sustainability, and build corporate reputation.
Keberlanjutan Ekonomi Kreatif Berbasis Kearifan Lokal di Kampung Pangambangan Melalui Literasi Keuangan dan Pemasaran Digital Utami, Reistiawati; Yuliyanti, Rika
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 6 No. 4 (2025): Edisi Oktober - Desember
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v6i4.6944

Abstract

Tujuan Kegiatan PkM ini untuk mendukung Keberlanjutan Ekonomi Kreatif dari warga Kampung Pangambangan melalui peningkatan literasi keuangan dan pemanfaatan teknologi Pemasaran Digital. Warga Kampung Pangambangan di Banjarmasin sebagian besar memiliki mata pencaharian membuat roncean atau untaian Bunga yang telah diwariskan secara turun menurun dalam beberapa generasi. Memasuki era modern kerajinan untaian bunga ini mengalami proses kreatif dan inovatif menghasilkan produk produk yang berkembang sesuai permintaan pasar. Kondisi warga dengan tingkat pendidikan yang kurang mengurangi akses terbukanya pasar dan nilai jual yang bernilai seni. Melalui pendekatan literasi dan praktik pemanfaatan pemasaran digital, PkM ini berupaya meningkatkan pemahaman warga pengrajin bunga ronce akan menfaat pengelolaan keuangan dan pemanfaatan strategi pemasaran Digital untuk meningkatkan peluang pasar. Program ini direkomendasikan untuk dijalankan secara periodik untuk dapat memantau keberlanjutan dan dampak pemasaran digital.
Co-Authors Falah, Falah Firmansyah, Aditia Mahesa Vicky Satria Ramadhan Lihu Meina Wulansari Yusniar Muhtadin, Yulian Muja Fatruse Gano Yuliyanti, Rika Zahrah Rahmawati Zuyyina, Z.