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The Effect of Financial Performance on Firm Value with Financial Distress as an Intervening Variable Muhtar Sapiri; Fyrdha Faradyba Hamzah; Aditya Halim Perdana Kusuma Putra; Amnah Hadi
International Journal of Artificial Intelligence Research Vol 6, No 1.1 (2022)
Publisher : Universitas Dharma Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29099/ijair.v6i1.1.610

Abstract

This study analyzes the relationship between financial performance variables, financial distress, and firm value. The object of this research is property companies listed on the Indonesia Stock Exchange. The choice of research location is based on the consideration that company value needs to be increased by streamlining financial performance, company value and financial distress. Meanwhile, the time required by the author in this study was two months, from June 2021 to August 2021. In this study, the population is 40 property companies listed on the Indonesia Stock Exchange in 2015-2019. The data analysis method used in this study is to use multiple linear regression analysis to analyze data and path analysis to determine the effect of intervening variables. Path analysis is an extension of multiple linear regression analysis which is useful for estimating the causal relationship between variables that have been previously determined based on theory using SPSS. The results of the analysis state that simultaneously and partially financial performance variables and financial distress have a significant direct effect on the value of property companies listed on the IDX. The direct effect of the financial performance variable on firm value is greater than that on firm value through financial distress as an intervening variable, and the t-count value of the sobel test < from the t-table for each variable, so financial distress is not proven as an intervening variable. Indirectly, the financial performance variable has no significant effect on the value of manufacturing companies listed on the IDX through financial distress as an intervening variable
Pelatihan Penggunaan Chatbot Berbasis AI untuk Konsultasi Keuangan Usaha secara Mandiri Muhtar Sapiri
AJAD : Jurnal Pengabdian kepada Masyarakat Vol. 6 No. 1 (2026): APRIL 2026
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ajad.v6i1.790

Abstract

Dependence on professional financial consultants remains a persistent barrier for most SME owners, particularly those operating with limited resources and minimal exposure to formal financial education. The rapid development of Artificial Intelligence (AI) has created a concrete opportunity to address this gap — not through expensive systems, but through accessible tools such as AI-based chatbots. This community service program was designed to strengthen financial literacy and business self-reliance among SME owners through structured training on AI chatbot usage as a financial consultation medium. The program was carried out in three stages: training sessions, direct hands-on practice, and guided mentoring. A pre-test and post-test assessment was administered to measure knowledge gains across four indicators — financial literacy, AI concept comprehension, chatbot operation skills, and financial decision-making. Results show substantial improvement across all indicators, with the sharpest gains recorded in chatbot operation (114%) and AI comprehension (95%). Participants also reported greater confidence in managing daily financial records and making structured business decisions. These findings suggest that AI-based chatbot training is a viable, low-cost approach to accelerating the digital shift of SMEs in Indonesia.
Studi Kelayakan Pengembangan Kawasan Industri Perikanan Terpadu (KIPT) di Kabupaten Kepulauan Selayar Muhtar Sapiri
AL-MIKRAJ Jurnal Studi Islam dan Humaniora (E-ISSN 2745-4584) Vol. 4 No. 02 (2024): AL-Mikraj Jurnal Studi Islam dan Humaniora
Publisher : Pascasarjana Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/almikraj.v4i02.7069

Abstract

Penelitian ini bertujuan untuk mengkaji kelayakan pengembangan Kawasan Industri Perikanan Terpadu (KIPT) di Kabupaten Kepulauan Selayar sebagai upaya strategis dalam mendorong pertumbuhan ekonomi maritim dan optimalisasi pemanfaatan potensi sumber daya perikanan daerah. Metode penelitian yang digunakan adalah studi kelayakan dengan pendekatan multidisipliner yang mencakup aspek teknis, pasar, yuridis, sosial-ekonomi, lingkungan, dan finansial. Pengumpulan data dilakukan melalui studi literatur, survei lapangan, wawancara dengan pemangku kepentingan, serta analisis data sekunder dari berbagai instansi terkait. Hasil penelitian menunjukkan bahwa Kabupaten Kepulauan Selayar memiliki potensi perikanan tangkap dan budidaya yang sangat besar, terutama untuk komoditas ikan pelagis dan rumput laut. Lokasi yang direncanakan untuk KIPT di Desa Lowa, Kecamatan Bontosikuyu, dinilai layak secara teknis dan sesuai dengan rencana tata ruang wilayah. Dari sisi finansial, pengembangan KIPT menunjukkan nilai NPV positif, IRR yang kompetitif, dan Payback Period yang efisien, menandakan bahwa proyek ini layak untuk direalisasikan secara ekonomi. Aspek sosial menunjukkan bahwa kawasan ini mampu menciptakan lapangan kerja dan meningkatkan kesejahteraan masyarakat lokal, sementara aspek lingkungan dirancang untuk memenuhi prinsip pembangunan berkelanjutan melalui pengelolaan limbah dan konservasi. Secara keseluruhan, studi ini menyimpulkan bahwa pembangunan KIPT di Kabupaten Kepulauan Selayar sangat layak dan strategis untuk dikembangkan sebagai pusat pertumbuhan industri perikanan di kawasan timur Indonesia. Rekomendasi utama dari penelitian ini adalah perlunya percepatan penyusunan dokumen teknis lanjutan, pembentukan lembaga pengelola kawasan, serta promosi investasi secara aktif untuk menarik mitra strategis dari sektor swasta.