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CSR and Profitability as Determinants of Firm Value: Evidence from Sri-Kehati Index Ono Tarsono; Maya Mustika; Fasya Nabila Salim; Dwi Windu Suryono
Research of Business and Management Vol. 4 No. 1 (2026): FEBRUARY, 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rbm.v4i1.582

Abstract

This study aims to investigate the impact of Corporate Social Responsibility (CSR) and profitability on firm value among companies listed on the Sri-Kehati Index of the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A descriptive quantitative research design was applied using panel data analysis with EViews 12. The population consisted of firms listed on the Sri-Kehati Index, with purposive sampling selecting 11 companies, resulting in 44 firm-year observations. Secondary data were collected through documentation from the official IDX website (www.idx.co.id). The results reveal that CSR has a negative and significant effect on firm value, while Return on Assets (ROA) and Return on Investment (ROI) do not have a significant effect. These findings suggest that while CSR initiatives significantly shape firm value, profitability indicators such as ROA and ROI may not directly drive market valuation in Sri-Kehati Index firms.
Governance, Intellectual Capital, and Sharia Compliance in Islamic Bank Profitability: Evidence from Indonesian Islamic Commercial Banks Inul Indah Agustina; Dahlifah Dahlifah; Maya Mustika; Preztika Ayu Ardheta
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.573

Abstract

This study examines the effects of Islamic Corporate Governance (ICG), Intellectual Capital (IC), and Sharia Compliance (SC) on the profitability of Islamic Commercial Banks in Indonesia during 2022–2024. Profitability is measured using Return on Assets (ROA). A quantitative approach with panel data regression analysis was applied to 36 firm-year observations from 12 Islamic Commercial Banks selected through purposive sampling. Model selection and classical assumption tests were conducted to ensure robust estimation. The results show that ICG, IC, and SC jointly have a significant effect on profitability. Partially, Intellectual Capital has a positive and significant effect on ROA, indicating that effective utilization of knowledge-based resources enhances financial performance. Islamic Corporate Governance also has a positive coefficient, although its significance is relatively weak, suggesting that its impact depends on the quality of governance implementation. Meanwhile, Sharia Compliance has a negative but statistically insignificant effect on profitability, implying that greater compliance does not necessarily generate short-term financial benefits. Overall, Intellectual Capital is the strongest determinant of profitability. These findings emphasize the importance of investing in human capital, organizational learning, and digital innovation while maintaining effective governance and adherence to Sharia principles to support sustainable long-term performance
Penguatan Daya Saing UMKM Produk Lokal di Wilayah Perbatasan Preztika Ayu Ardheta; Maya Mustika; Joko Bagio Santoso; Meita Pragiwani; Sri Handoko Sakti
BERDAYA: Jurnal Pendidikan dan Pengabdian Kepada Masyarakat Vol. 8 No. 2 (2026)
Publisher : LPMP Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/berdaya.v8i2.1793

Abstract

Border areas possess significant economic potential through the development of local products based on natural resources and local wisdom. Kabupaten Kepulauan Sangihe, particularly Tahuna, is a border region with substantial opportunities to strengthen MSMEs in fisheries, agriculture, and distinctive local food products. However, the utilization of this potential remains constrained by limited market access, technology adoption, and human resource capacity. This Community Service Program (PKM) aims to identify opportunities and challenges in strengthening regional economic development through local products in border areas, using a participatory online approach. The methods employed include socialization sessions, workshops, group discussions, needs assessments of MSME actors, and question-and-answer sessions, all of which serve as indicators of participants’ level of understanding. The results indicate that local products have strong growth potential through the use of digital technology and marketing networks. Nevertheless, MSMEs continue to face challenges related to product quality, business legality, digital literacy, and limited access to financing. This program is expected to serve as a foundation for formulating sustainable MSME strengthening strategies in border areas through technological optimization and improved financial support mechanisms.
Influence of Digital Financial Literacy and Financial Planning on Personal Financial Management among Employees at PT Indomarco Prismatama, Bekasi Branch Sigit Juliono; Maya Mustika
Indonesian Journal of Economics and Management Vol. 6 No. 3 (2026): Indonesian Journal of economics and Management (July 2026)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v6i3.6844

Abstract

The development of digital financial technology has significantly transformed financial transaction behavior in modern society; however, it is not always accompanied by adequate personal financial management capabilities. This study aims to analyze the effects of digital financial literacy and financial planning on employees' personal financial management at PT Indomarco Prismatama's Bekasi Branch. This research employs a quantitative, associative research design. The data used are primary data collected through questionnaires distributed to 97 respondents selected using the Slovin formula. Data analysis was conducted using multiple linear regression in SPSS, including validity and reliability testing, classical assumption tests, and hypothesis testing. The results indicate that digital financial literacy does not have a significant partial effect on personal financial management. In contrast, financial planning has a positive and significant effect on personal financial management. These findings suggest that financial planning is the dominant factor in improving personal financial management, while digital financial literacy alone has not had an optimal impact without consistent financial planning practices.
Co-Authors Adella, Faizah Aden Apandi Ahriyati, Ahriyati Akhmadi, Ali Al Fasihah, Tamamatunnisa Almurni, Siti Amaliyah, Siska Ananda Fasya Indira Arianto, Rany Arif Hidayat Arno Sebastian Bustan, Andi Christy, Nirena Ade Dahlifah Dahlifah Dahlifah Dahlifah Dahlifah Dean Salomo Kumenaung Dwi Susilowati Dwi Windu Suroyo Dwi Windu Suryono Engkur Engkur Erna Lovita Erni Dwi Puji Setyowati, Erni Dwi Puji Fadillah, Hanifah Tri Nur Fandi Tuju Fanisyah Maliki Faris Faruqi Faruqi, Faris Fasihah, Tamamatunnisa Al Fasya Nabila Salim Fatin, Arista Safitri Fitrotunnisa Fitrotunnisa Gatot Prabantoro Ghessiani, Luthfiannisa Gymnastia , Hanifa Najla Gymnastia, Hanifa Najla Hans H. Tanuraharjo Hendro, Junaidi Hendryadi Hendryadi Hutahaean, Saulim DT. Inul Indah Agustina Irvan Noormansyah Joko Bagio Santoso Juniarti Juniarti Juniarti Juniarti Kalalinggi, Septaria Yolan Karawahenni, Yolanda Dwi Vivian Kawung, Goerge M.V. Khalifatus Sakdiyah Lina Noersanti Lina Noersanti Lovita, Erna M. Nawir, M. Megayani Megayani Megayani, Megayani Meita Pragiwani Meita Pragiwani Mirnawati Dewi, Mirnawati Muhammad Ikhsan Muhammad Ramaditya Mujianto Mujianto Munir Munir Nasution, Nursanita Nursanita Nursanita Nursanita Nursanita Ono Tarsono Ono Tarsono Preztika Ayu Ardheta Preztika Ayu Ardheta Preztika Ayu Ardheta Preztika Ayu Ardheta Preztika Ayu Ardheta Pri Ariadi Cahya Dinata, Pri Ariadi Cahya Putri, Dina Anavia Rahayu, Gita Rianto, Adi Ridwan Maronrong Rimi Gusliana Mais Rimi Gusliana Mais Rudi Salim Safitri, Adelia Sandi, Gloria Anjelina Santoso, Joko Bagio Saprudin Saprudin Sigit Juliono Siti Nafisah Siwu, Hanly F.J Sri Handoko Sakti Sri Handoko Sakti Sri Handoko Sakti Stalia, Sela Sulistyowati Sulistyowati Sutopo Sutopo Syahrul Effendi Syahrul Effendi Tarsono Tarsono Theasy, Yoan Theo Jhoni Hartanto, Theo Jhoni Uun Sunarsih Yudhistira Rannu Paembonan