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THE RELATIONSHIP BETWEEN DEBT AND TOBACCO EXCISE TAX INCREASES WITH CIGARETTE COMPANY STOCK PRICES Aini, Yulis Nurul; Djajanto, Ludfi; Utami, Rachma Bhakti; Dja'far, Veri Hardinansyah; Fiernaningsih, Nilawati; Zubaidi, Zubaidi
Jurnal Apresiasi Ekonomi Vol 13, No 3 (2025)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31846/jae.v13i3.986

Abstract

The purpose of this research is to determine the relationship between debt policy and tobacco excise tax rates with stock prices. Data sources were obtained from data published on the Indonesia Stock Exchange and company websites. This research uses multiple regression analysis tools. The research found that first, the debt policy variable has a positive effect on the stock price of tobacco company Gudang Garam (GGRM), while for Sampoerna Company, the debt decision contributes negatively to the stock price. Second, the excise tax rate variable has a negative impact on tobacco stock prices. Third, debt policy and excise tax rates simultaneously affect tobacco stock prices. The implications of these findings indicate that company managers must carefully design debt policies to create optimal capital structure, as the effects of debt decisions can vary between companies. Government policies related to excise tax rates have a direct impact on stock market performance in the tobacco industry, meaning that investors and stakeholders must consider regulatory dynamics as an important factor in investment decision-making. The results of this research provide evidence that excise tax rate adjustments not only affect state revenues but also affect the stability and valuation of companies related to the tobacco industry in the capital market.
PELATIHAN PEMBUATAN DUWET-POLINEMA SWEET TOMATO JAM BAGI WARGA DESA DUWET KEC.TUMPANG KAB. MALANG Sulasari, Ayu; Wahyu, Ellyn Eka; Evelina, Tri Yulistyawati; Aini, Yulis Nurul; Nurbaya, Siti; Fauzi, Ahmad
Jurnal Pengabdian kepada Masyarakat Vol. 11 No. 1 (2024): JURNAL PENGABDIAN KEPADA MASYARAKAT 2024
Publisher : P3M Politeknik Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33795/abdimas.v11i1.4642

Abstract

Desa DUWET Kec. Tumpang Kab. Malang memiliki potensi desa terutama untuk hasil-hasil pertanian. Salah satunya adalah hasil kebun berupa tanaman tomat. Masyarakat di desa Duwet terutama ibu-ibu rumah tangga cukup banyak dan memiliki waktu di rumah. Kegiatan sehari-hari mereka adalah bekerja diladang, di sawah dan berdagang. Berdasarkan kondisi tersebut, maka dirasa perlu menambah ketrampilan agar masyarakat mampu mengolah hasil pertanian yang ada. Kegiatan pelatihan pembuatan selai tomat ini dilakukan dalam rangka memberdayakan potensi desa DUWET. Hasil kegiatan pelatihan pembuatan selai tomat diberi nama “DUWET-POLINEMA SWEET TOMATO JAM” dilaksanakan sesuai dengan rencana kegiatan yang sudah dibuat,
Kinerja Keuangan Saham Blue Chip Studi Pada Industri Consumer Goods Pro Isreal Aini, Yulis Nurul; Lestari, Baroroh; Nurtjahjani, Fullchis; Djajanto, Ludfi
SKeTsa Bisnis (e-jurnal) Vol 11 No 1 (2024): Sketsa Bisnis
Publisher : Universitas Yudharta Pasuruan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/jsb.v11i1.5425

Abstract

Abstract This study aims to analyze the impact of the MUI Fatwa No. 83 of 2023 boycott on the financial performance of pro-Israel consumer goods companies in Indonesia. The study focuses on three blue-chip companies listed on the Indonesia Stock Exchange: PT Unilever Indonesia Tbk, PT Fast Food Indonesia Tbk, and PT Map Boga Adiperkasa Tbk. The analysis uses profitability ratios (ROE and ROA), liquidity (current ratio), and solvency (debt ratio) over the 2021-2023 period. The results show that PT Unilever Indonesia Tbk has better profitability and asset management performance compared to the other two companies. However, PT Fast Food Indonesia Tbk demonstrates better liquidity ability in meeting short-term obligations. These findings indicate that the impact of the boycott on financial performance varies, with some companies maintaining better performance than others. The study also identifies several limitations, including a limited analysis period and a small sample size. Recommendations for future research include extending the analysis period, involving more companies from various sectors, and considering external factors affecting the financial performance of companies. AbstrakPenelitian ini bertujuan untuk menganalisis dampak boikot Fatwa MUI Nomor 83 Tahun 2023 terhadap kinerja keuangan perusahaan-perusahaan consumer goods yang pro-Israel di Indonesia. Studi ini memfokuskan pada tiga perusahaan blue chip yang terdaftar di Bursa Efek Indonesia, yaitu PT. Unilever Indonesia Tbk, PT. Fast Food Indonesia Tbk, dan PT. Map Boga Adiperkasa Tbk. Analisis dilakukan dengan menggunakan rasio profitabilitas (ROE dan ROA), likuiditas (current ratio), dan solvabilitas (debt ratio) selama periode 2021-2023. Hasil penelitian menunjukkan bahwa PT. Unilever Indonesia Tbk memiliki kinerja profitabilitas dan pengelolaan aset yang lebih baik dibandingkan dua perusahaan lainnya. Namun, PT. Fast Food Indonesia Tbk menunjukkan kemampuan likuiditas yang lebih baik dalam membayar kewajiban jangka pendek. Temuan ini mengindikasikan bahwa dampak boikot terhadap kinerja keuangan perusahaan bervariasi, dengan beberapa perusahaan mampu mempertahankan kinerja yang lebih baik dibandingkan yang lain. Penelitian ini juga mengidentifikasi beberapa keterbatasan, termasuk periode analisis yang terbatas dan jumlah sampel yang kecil. Saran untuk penelitian selanjutnya adalah memperluas periode analisis, melibatkan lebih banyak perusahaan dari berbagai sektor, dan mempertimbangkan faktor-faktor eksternal yang mempengaruhi kinerja keuangan perusahaan.
Development Strategy of Msmes With The Pentahelix Model (A Study on MSMEs in the Malang City) Trianti, Khoiriyah; Kurniati, Rini Rahayu; Widayawati, Eny; Aini, Yulis Nurul
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 2 (2024): Dinasti International Journal of Economics, Finance & Accounting (May - June 20
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i2.2711

Abstract

This research examines the development strategy of MSMEs in Malang City, Indonesia, during the Covid-19 pandemic. The goals are to evaluate the impact of the Pentahelix model on MSMEs, create an analytical model highlighting the role of Pentahelix in enhancing MSME performance, and explore collaborative efforts of stakeholders in empowering the MSME sector. Quantitative research methods, including interviews, observations, and questionnaires, were used to gather data from MSME actors in Malang City. Descriptive analysis was employed to interpret the collected information. Interviews and observations with MSME actors and government representatives were conducted to understand the Pentahelix collaboration. The findings show the significant impact of the pandemic on MSMEs, leading to decreased sales. The Pentahelix model, involving collaboration among the government, private sector, community, academia, and media, is identified as a potential solution. The study highlights the roles of each stakeholder in empowering MSMEs, including government support programs, academic initiatives, business contributions, community networking, and strategic use of social media. In summary, enhancing MSME sales turnover requires collaboration among academics, government, business people, community, and social media. The Pentahelix collaboration empowers MSMEs, with each stakeholder playing a vital role. The research emphasizes the importance of a holistic strategy to improve MSME performance, supported by academics, government, and business sector. These collaborative efforts establish a sustainable business environment for MSMEs in Malang City.