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THE INFLUENCE OF THE MECHANISM OF GOOD CORPORATE GOVERNANCE AND CAPITAL STRUCTURE ON VALUE OF FIRM IN BANKING SUB SECTOR THAT WENT PUBLIC IN IDX IN 2010-2014 Lasmanah, Lasmanah; Yuniar, Chintya Ratna
Jurnal Aplikasi Manajemen Vol. 15 No. 2 (2017)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (90.158 KB) | DOI: 10.21776/ub.jam.2017.015.02.12

Abstract

The purpose of this study to analyze the conditions and the influence of good corporate governance mechanisms are proxied by institutional ownership, independent commissioner and audit committee as well as the capital structure Debt Equity Ratio is proxied by the value of companies in the banking industry that went public during the 2010-2014 period. This study using purposive sampling and non-probability sampling technique with a total sample of 26 banks from 46 banks. The results showed that the joint mechanism of good corporate governance and capital structure provides weak influence on firm value. Hypothesis testing together shows that the mechanisms of good corporate governance and capital structure significantly affect the value of the company, while the partial mechanism of Good Corporate Governance provides a very weak influence the direction of positive correlation and significantly affect the value of the company. Then the capital structure provides a very weak influence the direction of the relationship is a negative and significant effect on firm value.
MSME LOAN REPAYMENT PERFORMANCE BASED ON BUSINESS OWNERS’ DEMOGRAPHICS AND BUSINESS CHARACTERISTICS Lasmanah, Lasmanah; Pramono, Irena Paramita
Jurnal Riset Bisnis dan Manajemen Vol. 18 No. 2 (2025): August Edition
Publisher : Faculty of Economic and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrbm.v18i2.24329

Abstract

Micro, small, and medium enterprises (MSMEs) have made substantial substantial contributions to both global and local economies over an extended period. Academics must painstakingly examine and comprehend the relevance of the issues faced by micro and small enterprises to obtain a comprehensive knowledge. The challenge of financial access can stem from both demand and supply aspects, with particular emphasis on this subject. Financial institutions frequently exhibit reluctance in extending financial support to micro, small, and medium enterprises (MSMEs) owing to the intrinsic risks associated with these transactions. Microfinancing is often linked to significant risk due to the potential for borrower default on loans. Acknowledges the substantial impact of owners on the decision-making process, particularly with financial issues. This study seeks to examine the influence of the demographics of firm owners and the attributes of micro and small enterprises on the loan repayment challenges encountered by MSMEs. This research seeks to furnish practitioners with an in-depth comprehension of the demographic trends and characteristics of micro and small firm owners that affect the challenges associated with loan repayment. Furthermore, it seeks to enhance understanding of the challenges f aced by these enterprises. The findings from the Structural Equation Modelling (SEM) Partial Least Squares (PLS) analysis indicated that the latent variables, particularly owner demographics, significantly influence loan repayment challenges. Nonetheless, it has been demonstrated that business characteristics do not substantially influence loan repayment challenges.
Strategi Pemberdayaan UMKM Pangan Dapur Sehat Binaan Baitul Maal Muamalat di Kebon Waru Bandung Lasmanah, Lasmanah; Nurrachmi, Intan; Rukmana, Jaka; Zaeni, Mutiara Refanisa; Fitriyanti, Asti
Jurnal Pengabdian Masyarakat: Pemberdayaan, Inovasi dan Perubahan Vol 5, No 5 (2025): JPM: Pemberdayaan, Inovasi dan Perubahan
Publisher : Penerbit Widina, Widina Media Utama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59818/jpm.v5i5.2061

Abstract

Food MSMEs have a strategic role in encouraging local economic growth, increasing food security, and creating jobs. However, many food MSME actors, including the Baitul Maal Muamalat Healthy Kitchen in Kebon Waru Village, Bandung, face challenges in the aspect of product innovation, namely low product durability due to suboptimal food preservation and packaging methods, thus hindering the distribution of products to a wider market. In addition, the lack of halal certification for some members causes limitations in reaching a wider market segment. This program aims to formulate an effective empowerment strategy to increase the capacity and competitiveness of healthy kitchen MSMEs in terms of product preservation and packaging, as well as business sustainability management. The methods used include a qualitative approach with field observations, in-depth interviews with MSME actors and Baitul Maal Muamalat managers, as well as participatory and applicative approaches. The results show that empowerment based on continuous mentoring, product innovation training, and halal certification assistance are able to increase knowledge about product preservation techniques, improve production management and awareness of the importance of halal certification. Based on the results of the pretest conducted before the training, the partner's knowledge of food preservation techniques obtained an average score of 68.9, while the posttest results conducted after the training obtained an average score of 89.4, which shows an increase in ability of 20.5% in terms of knowledge of food preservation and packaging techniques. An empowerment strategy that is integrated with a participatory approach and institutional support can encourage the independence and sustainability of food MSMEs.ABSTRACUMKM pangan memiliki peran strategis dalam mendorong pertumbuhan ekonomi lokal, meningkatkan ketahanan pangan, dan membuka lapangan kerja. Namun, banyak pelaku UMKM pangan, termasuk Dapur Sehat binaan Baitul Maal Muamalat yang berada di Kelurahan Kebon Waru, Bandung, menghadapi tantangan dalam aspek inovasi produk yaitu rendahnya daya tahan produk akibat metode pengawetan dan pengemasan makanan belum optimal, sehingga menghambat distribusi produk ke pasar yang lebih luas. Disamping itu, belum adanya sertifikasi halal bagi sebagian anggota menyebabkan keterbatasan dalam menjangkau segmen pasar yang lebih luas. Program ini bertujuan untuk merumuskan strategi pemberdayaan yang efektif untuk meningkatkan kapasitas dan daya saing UMKM Dapur sehat dalam hal pengawetan dan pengemasan produk, serta manajemen keberlanjutan usaha. Metode yang digunakan meliputi pendekatan kualitatif dengan observasi lapangan, wawancara mendalam terhadap pelaku UMKM dan pengelola Baitul Maal Muamalat, serta pendekatan partisipatif dan aplikatif. Hasilnya menunjukkan bahwa pemberdayaan berbasis pendampingan berkelanjutan, pelatihan inovasi produk, dan pendampingan sertifikasi halal mampu meningkatkan pengetahuan tentang teknik pengawetan produk, memperbaiki manajemen produksi dan kesadaran pentingnya sertifikasi halal. Berdasarkan hasil pretest yang dilakukan sebelum pelatihan bahwa pengetahuan mitra tentang teknik pengawetan makanan didapatkan skor rata-rata 68,9, sedangkan hasil postest yang dilakukan setelah pelatihan didapatkan skor rata-rata 89,4, hal tersebut menunjukkan peningkatan kemampuan sebesar 20,5% dalam hal pengetahuan teknik pengawetan dan pengemasan makanan. Strategi pemberdayaan yang terintegrasi dengan pendekatan partisipatif dan dukungan kelembagaan dapat mendorong kemandirian dan keberlanjutan UMKM pangan.
PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN ASSET TURNOVER TERHADAP HARGA SAHAM MELALUI NET PROFIT MARGIN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN FARMASI DI BURSA EFEK INDONESIA TAHUN 2018 - 2023 Siliwangi, Fitria Faradhila; Nurdin, Nurdin; Lasmanah, Lasmanah
Worksheet : Jurnal Akuntansi Vol 5, No 1 (2025)
Publisher : UNIVERSITAS DHARMAWANGSA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/wjs.v5i1.7615

Abstract

The This study aims to analyze the effect of the Current Ratio, Debt to Equity Ratio, and Asset Turnover on Stock Prices with Net Profit Margin as an intervening variable in pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during the 2018–2023 period. The data were obtained from IDX Statistics and the Indonesia Stock Exchange (IDX). The research population consisted of 11 companies, and after applying the purposive sampling method, 10 companies were selected as the research sample. The analytical techniques used in this study were panel data regression and the Sobel test. The results of the analysis show that simultaneously all independent variables, which consist of Current Ratio, Debt to Equity Ratio, Asset Turnover, and Net Profit Margin, have a significant effect on stock prices. Partially, the Current Ratio, Debt to Equity Ratio, and Asset Turnover variables do not have a significant effect on stock prices, while the Net Profit Margin variable has a positive and significant effect on stock prices. The results also indicate that Current Ratio, Debt to Equity Ratio, and Asset Turnover simultaneously have a significant effect on Net Profit Margin. Partially, the Current Ratio and Debt to Equity Ratio do not have a significant effect on Net Profit Margin, whereas Asset Turnover has a significant effect on Net Profit Margin. This study also examined the indirect effect of Current Ratio, Debt to Equity Ratio, and Asset Turnover on stock prices mediated by Net Profit Margin. The results of the analysis show that Current Ratio and Debt to Equity Ratio do not have an indirect effect on stock prices through Net Profit Margin. Meanwhile, Asset Turnover mediated by Net Profit Margin has a significant effect on stock prices.