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The Investigation of the Impact of Good Corporate Governance on the Value of Manufacturing Companies Listed on the IDX Ciptawan, Ciptawan; Andoko; Putra, Ali Syah; Yenni; Arifin
Indonesian Journal Economic Review (IJER) Vol. 5 No. 2 (2025): October
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v5i2.571

Abstract

This study aims to determine the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). The selection of this study used purposive sampling, so that the number of samples used was 41 companies from a population of 144 companies. In this study, the results of the analysis were carried out to draw conclusions about the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). Data processing using Eviews 12. The results of the study show that managerial ownership affects company value in Manufacturing Companies on the IDX in 2022-2024. Institutional ownership affects company value in Manufacturing Companies on the IDX in 2022-2024.
Perancangan Desain Karakter pada Buku Pembelajaran BIPA A1 di Bridge Language Center, Jakarta International University (JIU) Arifin; Ixsora Gupita Cinantya
Nusantara Journal of Multidisciplinary Science Vol. 3 No. 1 (2025): NJMS - Agustus 2025
Publisher : PT. Inovasi Teknologi Komputer

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Abstract

Penelitian ini bertujuan untuk merancang desain karakter edukatif pada buku pembelajaran Bahasa Indonesia bagi Penutur Asing (BIPA) level A1 di Bridge Language Center (BLC), Jakarta International University (JIU). Berdasarkan hasil wawancara, observasi, dan studi literatur, ditemukan bahwa pembelajaran kosakata dasar seperti nomina, verba, dan adjektiva masih menghadapi kendala akibat keterbatasan media visual kontekstual. Perancangan dilakukan dengan pendekatan flat design karena karakteristiknya yang sederhana, komunikatif, dan sesuai dengan pembelajar dewasa. Empat karakter utama multikultural dirancang dengan ciri khas visual untuk mendukung pemahaman konteks dalam buku ajar. Karakter-karakter ini juga diterapkan pada media pendukung seperti poster, pin, tote bag, dan puzzle edukatif. Hasil perancangan diharapkan mampu meningkatkan efektivitas dan keterlibatan dalam pembelajaran BIPA level A1
Strategi Transformasi Pemasaran dan Pelanggan dalam Meningkatkan Kinerja Keuangan Perusahaan: Studi Kasus PT Jasindo Asuransi Cabang Kota Sorong Ashari; Rahmisyari; Arifin
JISMA: Jurnal Ilmu Sosial, Manajemen, dan Akuntansi Vol 3 No 5 (2025): Agustus 2025
Publisher : Melati Institute

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Abstract

This study aims to analyze the marketing and customer transformation strategies at PT Jasindo Sorong Branch and their impact on financial performance and customer satisfaction. A descriptive qualitative research method was used to collect data through in-depth interviews, observations, and document analysis. The results show that the implementation of digital transformation has brought significant changes, such as increased promotional effectiveness and service speed through digital platforms. However, this process faces internal barriers, such as limitations in staff digital competencies and resistance to change, as well as external barriers, such as low customer digital literacy and limitations in internet infrastructure. The positive impacts identified include increased customer satisfaction, operational cost efficiency, and contributions to branch revenue growth, although these improvements are not yet optimal. This study concludes that successful transformation requires adaptive strategies, strengthening human resource capacity, and adequate infrastructure support.
Pendampingan Pemanfaatan Limbah Serat Aren sebagai Inovasi Bahan Bakar Alternatif Briket di Desa Sukamaju Muhammad Rifai; Novan Somantri; Nabila Syahrani; Arifin; Syauqi Ramadhan; Risma Sepia; Alif Khanda Wicaksana; Iwan Satriyo Nugroho
JURPIKAT (Jurnal Pengabdian Kepada Masyarakat) Vol. 6 No. 3 (2025)
Publisher : Politeknik Piksi Ganesha Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37339/jurpikat.v6i3.2687

Abstract

Sukamaju Village, Sumedang, is an area that relies on the agricultural and home industry sectors for income, including the processing of aren starch. This production process generates fiber waste that is not optimally utilized and has the potential to pollute the environment. This Community Service Program (CSP) aims to educate and train the community in utilizing arenga fiber waste to create environmentally friendly briquettes called BARASKA (Sukamaju Fire Coal). The activities were carried out thru a participatory approach involving observation, education, technical training, and mentoring. The results show that arenga fiber waste can be processed into effective and efficient briquettes as an alternative fuel. This program also successfully raised public awareness and skills, opened up new business opportunities, and contributed to environmental management. Despite still facing constraints in production and marketing tools, this initiative shows great potential in building a circular economy and sustainable villages.
The Impact of Corporate Funding Policies on Firm Value: A Comparative Study of Debt, Profit, and Free Cash Flow in Transportation and Logistics Companies Hadyan, Deni; P Sitorus, Alvin David; Arifin
Management Analysis Journal Vol. 14 No. 3 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i3.28740

Abstract

This study addressed the critical role of Indonesia's transportation and logistics sector in national economic growth, which faced significant pressure from COVID-19 impacts (15.04% decline) and state expenditure cuts (IDR 306.7 trillion). Prior research revealed inconsistent findings on how funding policies affect company value, highlighting a key knowledge gap. The study examined the comparative impact of company debt, profit, and free cash flow on firm value within this sector. Using quantitative methods, financial data from 19 Indonesian-listed transportation/logistics companies (2018–2023, n = 104 observations) were analyzed via multiple linear regression. Results indicated that debt significantly reduced firm value (β = -0.166, p = 0.006), while profit (β = 0.172, p = 0.042) and free cash flow (β = 0.042, p = 0.009) increased it. These findings suggest that optimizing profit retention and cash flow management, while minimizing excessive debt, enhances company resilience and investor appeal.
Anterior Cruciate Ligament Reconstruction and Radiographic Progression to Knee Osteoarthritis: A Systematic Review Robbi Tri Atmaja; Arifin; Maya Hapsari Kusumaningtyas
The International Journal of Medical Science and Health Research Vol. 17 No. 3 (2025): The International Journal of Medical Science and Health Research
Publisher : International Medical Journal Corp. Ltd

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70070/2bamxw67

Abstract

INTRODUCTION: Anterior cruciate ligament (ACL) injury is a well-established risk factor for the premature development of knee osteoarthritis (OA). ACL reconstruction (ACLR) is the standard of care for restoring knee stability, yet its role in mitigating the long-term radiographic progression of OA remains a subject of intense debate. This review systematically evaluates the evidence on the relationship between ACLR and the long-term development of radiographic knee OA. METHODS: A systematic search of PubMed, Google Scholar, Semanthic Scholar, Springer, Wiley Online Library was conducted for studies reporting on radiographic OA outcomes at a minimum 10-year follow-up after ACL injury, with or without reconstruction. Randomized controlled trials (RCTs) and long-term cohort studies were included. Study quality was assessed using the Cochrane Risk of Bias tool for RCTs. Data on OA prevalence, management comparisons (ACLR versus non-operative), surgical variables, and associated risk factors were extracted and synthesized. RESULTS: Seventeen studies involving over 5,000 patients met the inclusion criteria. The prevalence of radiographic knee OA (Kellgren-Lawrence grade ≥2) at a mean follow-up of over 14 years post-ACLR was consistently high, ranging from 20% to over 50%. Comparative analyses between ACLR and non-operative management yielded conflicting results; some evidence suggests ACLR reduces the risk of any degenerative change, while other high-level evidence indicates a higher risk of moderate-to-severe OA in surgically managed cohorts. Concomitant meniscectomy was consistently identified as the most potent predictor of OA progression, with odds ratios ranging from 1.87 to 3.6. No significant differences in tibiofemoral OA rates were found between bone-patellar tendon-bone and hamstring autografts, though graft-specific morbidities were noted. DISCUSSION: The evidence suggests that the initial traumatic event of an ACL injury initiates a degenerative biological cascade that ACLR, a mechanical solution, cannot fully reverse. The procedure's primary benefit is mechanical stabilization, which can prevent secondary meniscal damage. However, its direct chondroprotective effect is often overshadowed by the profound impact of associated meniscal and chondral damage sustained at the time of injury. CONCLUSION: ACLR is effective for restoring knee function but does not eliminate the high long-term risk of radiographic OA. The progression to OA is multifactorial, with the initial injury pattern, particularly meniscal integrity, being a more critical determinant than the surgical intervention itself. Future research should focus on biological interventions to modulate the post-injury inflammatory response.
PENGARUH PERCEIVED VALUE, RELATIONSHIP MARKETING, DAN BRAND IMAGE TERHADAP LOYALITAS PELANGGAN PADA LINKS CAFE MEDAN Clara Nadia Yunan; Arifin
Jurnal Mahkota Bisnis (Makbis) Vol 2 No 2 (2023): Jurnal Mahkota Bisnis (Makbis)
Publisher : MTU PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59929/mm.v2i2.28

Abstract

The food and beverage industry business in Indonesia has increased rapidly over the last few years. Links Café, a simple and comfortable cafe that opened in the middle of the city of Medan, pays attention to factors that can maintain and increase the number of customers who continue to visit Links Café. The purpose of this research is to find out whether Perceived Value (X1), Relational Marketing (X2), and Brand Image (X3) have an effect on customer loyalty (Y) at Links Café, Medan. The population selected in this research were customers who had visited or purchased at Links Café, with a total sample of 97 respondents using a non-probability sampling method. The approach used in this research is quantitative, causal and descriptive. Several test instruments, descriptive analysis, classical assumption tests, multiple linear regression, coefficient of determination tests, and hypothesis tests are used in the research process. The data from the analysis produces a multiple linear regression equation Y=5.528 + 0.275X1 + 0.132X2 + 0.447X3 + 2.375. This shows that Brand Image (X3) has a greater influence on the attachment variable than X1 and X2. The T test and F test produce Perceived Value (X1), Relational Marketing (X2), and Brand Image have a significant and positive effect on Customer Loyalty (Y), resulting in the hypotheses H1, H2, H3, and H4 being accepted. The coefficient of determination shows that the three independent variables have an influence of 69.4%, while the other 30.6% is influenced by other factors not examined in the research. Therefore, to increase customer loyalty, Links Café can improve its services to pay more attention to customers and give customers a stronger impression.
ANALISIS EKSPLORASI LITERASI KEUANGAN PADA MAHASISWA Arifin
Jurnal Mahkota Bisnis (Makbis) Vol 3 No 1 (2024): Jurnal Mahkota Bisnis (Makbis)
Publisher : MTU PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59929/mm.v3i1.44

Abstract

Finding out how important financial literacy instruction is for college students is the aim of this study. Research methodology involves the use of libraries. It is clear from the conversation that in order for students to handle their personal finances, financial literacy is essential. A young person's experience in college is unlike any other. They will embark on a new chapter in their lives once they graduate from college. Soon after graduation, personal financial resources will influence a key decision. Students' firsthand financial management experiences will positively impact their financial literacy. Financial management information is helpful in resolving issues related to budgeting, investments, debt management, saving, and consumption choices. Making financial decisions will depend on one's degree of financial literacy. Making financial decisions will depend on one's degree of financial literacy. It also involves making decisions about financial objectives and emergency fund management. Good money management has an impact on one's personal life
PENTINGNYA SUSTAINABILITY DALAM MENINGKATKAN PERFORMA PERUSAHAAN Arifin
Jurnal Mahkota Bisnis (Makbis) Vol 3 No 2 (2024): Jurnal Mahkota Bisnis (Makbis)
Publisher : MTU PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59929/mm.v3i2.62

Abstract

In recent decades, the market has become increasingly competitive, making it more challenging for businesses to achieve economic goals. At the same time, the pressure to achieve and maintain environmental sustainability has also risen. This study examines the factors influencing economic goals as well as the relationship between economic and environmental goals. There are innovation, customer focus, supplier relationships, network maturity, and strategic that will be the factors of economic sustainability. The study also demonstrates that both economic and environmental goals have a substantial impact on growth and that sustainability is essential for companies to ensure their long-term viability. Sustainability of company will be one of the factors of increasing company’s performance in financial and non financial.
Sharia Economics and Business Spirit with Noble Morals: Community Service at SDN 2 Muhammadiyah Mamajang Nur isnaini syaifullah; Siti Walida Mustamin; Winarti. A; Salfa Seti; Sarmila; Khusnul Khatima Asrul; Arifin; Nurul Hilmi; Nurmi; Bayu Irsandy; Esti Qama
Masterpiece Vol. 1 No. 2 (2025): August 2025
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/0ezr0833

Abstract

The integration of Islamic economic values into elementary education is essential to cultivate ethical financial behavior and entrepreneurial orientation from an early age. This community service program was designed to enhance students’ understanding of sharia economics and foster a business spirit grounded in noble morals. The program was implemented at SDN 2 Muhammadiyah Mamajang, Makassar, targeting 40 fourth- and fifth-grade students aged 9–11 years. A participatory action research (PAR) approach was applied through interactive learning methods such as storytelling, games, role-play simulations, and reflective discussions. The training modules covered fundamental Islamic economic principles, including the pillars of buying and selling, sharia contracts such as murabahah and salam, and ethical values of honesty, trustworthiness, and accountability in transactions. Data were collected through observation, quizzes, interviews, and documentation, and analyzed thematically to capture cognitive, affective, and behavioral outcomes. The findings revealed significant improvements in students’ conceptual understanding of halal transactions, ethical awareness in economic interactions, and observable behavioral changes such as fair pricing and responsible money handling. Moreover, students demonstrated an emerging entrepreneurial spirit with a spiritual orientation, expressing intentions to engage in small-scale businesses guided by honesty and social responsibility. These results highlight the effectiveness of experiential learning in transmitting Islamic economic values and underscore the potential of community service programs as a medium for character education and sharia economic literacy at the elementary level.
Co-Authors , Moehamad Helmy Fauzi Abdul Rizal, Abdul Abdullah, Bualkar AHMAD RIDUAN ahmad yani Ahmad, Rizqy Amelia Ramadhaniyah Aiman, Ummu Aji Witanto Akbari, Ummu Fajariyah Alam, Samsul Alhidri, Wahib Ali Syah Putra Alif Khanda Wicaksana Aliyah Roselyn, Nadiya Amirullah Datuk Amra, Wahidah Anang Budikarso, Anang Andoko Annysa Aprilya Ansar Antony Djong, Vanness Jan Ho APRILIA, NITA Aprilia, Nita Aprilia Arantrinita Arfa, Aryatih Arisandi, Edi Arum Ratnaningsih Arwildayanto, Arwildayanto Ashari Ashoer, Muhammad Bahari, Andi Faisal Basalamah, Muhammad Syafi'i A. Baso Amang, Baso Bayu Irsandy Bestari Laia Bustami, Tira Dewi Chandra, Muhammad Chodir, Fatkul Ciptawan, Ciptawan Clara Nadia Yunan Dahniar Th. Musa Damara Saputra Siregar Damis, Hasanuddin Dewi Purnama Hamid Djara , Jean Imaniar Djiuwa, Rahmawati Eko Budi Lelono Eko Surjadi Emirullyta Harda Ninggar Endang Susilowati Erfan Maulana Ermawati Ermawati Esti Qama Evelyn Belaktrix Sumby Exfristin Wau Fadel, Muhammad Fadhlina Nazly Faridatun Nadziroh Fathirma'ruf Fazlul Rahman RM Ferdiansyah Mahyudin Fitriansyah Gita Hilmi Prakoso Gunawan Santoso Hadjrah Arifin Hadyan, Deni Harnas Baharuddin, Andi Hartati, Diah Vitaloka Haryono Rinardi Has, Muh. Furqan Hasrianti Helidatasa Utami Helmi Fakhruddin Hendy Briantoro Hidayah, Fitriah Nurul Igamawati Giawa Ilyas Yasin Indah Mawati Giawa Ismar Hidayat Iwan Satriyo Nugroho Ixsora Gupita Cinantya, Ixsora Gupita Jaya, Andi Indra Jojo Sumarjo Juita Lendi Luan Jumaati Kadir, Jamaluddin Kamis Karno Kendra Hosea Khasna, Fenny Tanalinal Khusnul Hamdani, Mohammad Khusnul Khatima Asrul Kohar Lamuru, Afrianti S Laras Putri Olivia Lestari, Ebiet Wanda LETASADO, MUHAMAD RUSADI M. Sabran Achyar M. Yahya Ashari Mahirullah, Mahirullah Mallongi, Syahrir Manalu, Sanggam Roy I. Mapparenta Marten PUYO Martoyo Mas'ud, Masdar Masaong, Abdul Kadim Masita Bareut Masngud Kudori Matrahman Maya Hapsari Kusumaningtyas Meyra Chusna Mayarakaca Misnawati Mohammad Yanuar Hariyawan Mouli Edward Muh. Aminullah Muh. Arif Muhamad Milchan Muhamad Ratodi Muhammad Naufal Saniar Muhammad Ramli Muhammad Rifai Muslim Nabila Paputungan Nabila Syahrani Nautu, Albert K. Ndraha, Lies Dian Marsya Netty Herawati Ningsih, Nining Widiana Novan Somantri Novianti, Trie Rezky Nur Hasjim Nur isnaini syaifullah Nur Wahida Yusuf Nurlailah Nurmala, Eka Nurmi Nurul Hilmi Nurwijayanto P Sitorus, Alvin David Pabali Musa Paramitha S,Piola, Marina Pratama Saputra, Indra Pratiwi Probowirasmi, Prasasti Purnama, Hukma Ratu Purwanto Putri, Vicry Kartika Putu Kerti Nitiasih Putu Nanci Riastini, Putu Nanci Rahman, Md. Mahbubur Rahmisyari rendita utami Reni Puji Lestari Ripursari, Tety Risma Sepia Risty Azzahra Robbi Tri Atmaja Roby Cahyadi Rusdiono Ruslan, Sry Utari Sabaruddin Salfa Seti Sari Pratiwi Apidianti Sari, Mardiana Sarmila Selong, Abbas Setiady, Irsyandi Syifa Sinring, Bahar Siti Walida Mustamin Slamet, Fayrus Abadi Sudirman sukmawati Sulaiman Sulaiman Hamzani Sulaiman Mustafa Wuhdin sultan Sumardi Sumaria Sumarmo Sunimbar Supriyanto Kartodarsono Sya'diyah, Zahrotusy Syahnur, Muh. Haerdiansyah Syahrul Syahrul Syarifuddin Darajad Syauqi Ramadhan Taufan Eka Putra Tien Zubaidah Tofani, Dufiana Tugiman Usman, Nur’adin Feriyanto Wahab, Ahmad Ishom Pratama Wahid Hasyim TRA Beni Wahyu Ilham Faruq Wibawa, Iskandar Widuri, Elva Shanty Wijoyo Winarti. A Winda Purnama, Siti Wula, Zainur Wulandary, Ela Yahya Nobisa Yayuk Julyyanti Yoedy Moegiharto Yoedy Moegiharto Yoedy Moegiharto, Yoedy Yohanes Joko Supriyadi Zainal Andy Saputra Zainuddin Rahman Zakiah, Raudatul Zulkarnen