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PENGARUH DER DAN ROE TERHADAP RETURN SAHAM MELALUI RISIKO PASAR SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Transportasi dan Logistik Yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022) Milla Sentana; Wahju Wulandari; Mulyono Mulyono
Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo Vol 9, No 2 (2023)
Publisher : Lembaga Penerbitan dan Publikasi Ilmiah (LPPI) Universitas Muhammadiyah Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35906/jep.v9i2.1626

Abstract

ABSTRAKSalah satu saham yang terdaftar di Bursa Efek Indonesia adalah dari saham sektor transportasi & logistik. Menariknya sektor transportasi & logistik untuk diteliti adalah adanya fluktuasi harga saham pada sektor tersebut. Tujuan penelitian ini adalah untuk memperoleh bukti empiris mengenai pengaruh Debt to Equity Ratio (DER) dan Return on Equity (ROE) terhadap return saham melalui risiko pasar sebagai variabel intervening. Jenis penelitian ini adalah explanatory research dengan pendekatan kuantitatif. Populasi dalam penelitian ini adalah seluruh perusahaan sektor Transportasi & Logistik yang terdaftar di BEI dalam periode penelitian tahun 2020-2022 yang berjumlah 32 perusahaan. Berdasarkan teknik purposive sampling, 26 perusahaan sebagai sampel dengan total data panel sebanyak 78 yang akan dianalisis. Teknik analisis dalam penelitian ini menggunakan analisis jalur. Penelitian ini menggunakan data panel balance dengan menerapkan software eviews versi 12. Merujuk pada hasil penelitian, selanjutnya dapat ditarik kesimpulan sebagai berikut: DER tidak mampu mempengaruhi return saham. DER tidak mampu mempengaruhi risiko pasar. ROE tidak mampu mempengaruhi return saham. ROE tidak mampu mempengaruhi risiko pasar. Risiko pasar tidak mampu mempengaruhi return saham. DER tidak mampu mempengaruhi return saham dengan risiko pasar sebagai variabel intervening. ROE tidak mampu mempengaruhi return saham dengan risiko pasar sebagai variabel intervening.Kata kunci: DER, ROE, Risiko Pasar, Return Saham.ABSTRACTOne of the stocks listed on the Indonesia Stock Exchange is from the transportation & logistics sector. Interestingly the transportation & logistics sector to be studied is the fluctuation of stock prices in the sector. The purpose of this study was to obtain empirical evidence regarding the effect of Debt to Equity Ratio (DER) and Return on Equity (ROE) on stock returns through market risk as an intervening variable. This type of research is explanatory research with a quantitative approach. The population in this study are all companies in the Transportation & Logistics sector that are registered on the IDX in the 2020-2022 research period, totaling 32 companies. Based on the purposive sampling technique, 26 companies as samples with a total of 78 panel data will be analyzed. The analysis technique in this study uses path analysis. This research uses panel balance data by applying eviews software version 12. Referring to the research results, further conclusions can be drawn as follows: DER is not able to influence stock returns. DER is not able to influence market risk. ROE is not able to affect stock returns. ROE is not able to influence market risk. Market risk is not able to affect stock returns. DER is not able to influence stock returns with market risk as an intervening variable. ROE is not able to influence stock returns with market risk as an intervening variable.Keywords: DER, ROE, Market Risk, Stock Return.
KEDUDUKAN ILMU DAN BELAJAR DALAM ISLAM -, Mulyono
TADRIS: Jurnal Pendidikan Islam Vol 4 No 2 (2009)
Publisher : State Islamic Institute of Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (71.123 KB) | DOI: 10.19105/tjpi.v4i2.253

Abstract

Islam is a religion that has great attention to science. Islam was emphasized his followers to continue their studies and learn and to remove it. In the Qur'an has explained that a noble person in the sight of Allah is only for two things; for his faith and because the height of their knowledge. Not because of the position or wealth. The first verse of God is revealed Surat al- Alaq, in the verse that God commands us to read and learn. God teaches us with Qalam often we mean with a pen. Therefore we can take the conclusions of science must be juxtaposed with faith. Can not be separated between the two. A cross between faith and science will produce an advanced civilization called The Islamic Civilization.
Pengaruh Tata Letak, Lingkungan Kerja, dan Fasilitas terhadap Efisiensi Operasional pada Aktivitas Pemeliharaan Pejantan Sapi di BBIB Singosari Naufaldi Zakwanalie Fitrawan; Mulyono Mulyono; Wahju Wulandari
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 2 (2026): Mei-Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i2.11888

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh tata letak, lingkungan kerja, dan fasilitas terhadap efisiensi operasional pada aktivitas pemeliharaan pejantan sapi di Balai Besar Inseminasi Buatan (BBIB) Singosari. Penelitian menggunakan pendekatan kuantitatif asosiatif dengan karakter eksplanatori dan desain cross-sectional. Populasi penelitian mencakup seluruh pegawai atau staf yang terlibat langsung dalam aktivitas pemeliharaan pejantan sapi. Penentuan sampel menggunakan teknik total sampling sehingga diperoleh 30 responden. Data primer dikumpulkan melalui kuesioner terstruktur dengan skala Likert 1-5, serta didukung wawancara singkat dan pengamatan lapangan terbatas untuk memahami konteks operasional. Analisis data dilakukan menggunakan Structural Equation Modeling-Partial Least Squares (SEM-PLS) dengan bantuan SmartPLS 4 melalui evaluasi model pengukuran dan model struktural. Hasil penelitian menunjukkan bahwa tata letak tidak berpengaruh signifikan terhadap efisiensi operasional dengan p-value 0,333. Lingkungan kerja juga tidak berpengaruh signifikan dengan p-value 0,499, sedangkan fasilitas berpengaruh positif dan signifikan terhadap efisiensi operasional dengan p-value 0,006. Nilai R-square sebesar 0,921 menunjukkan bahwa tata letak, lingkungan kerja, dan fasilitas secara bersama-sama memiliki kemampuan penjelasan yang tinggi terhadap efisiensi operasional yang dipersepsikan responden. Meskipun demikian, hasil parsial perlu ditafsirkan secara hati-hati karena ditemukan multikolinearitas tinggi antarvariabel prediktor. Temuan penelitian menegaskan bahwa penguatan fasilitas pendukung, khususnya sarana sanitasi, ketersediaan air, peralatan kandang, dan sarana mobilisasi, perlu menjadi prioritas, sementara tata letak dan lingkungan kerja tetap dipelihara sebagai komponen sistem operasional yang saling berkaitan.
Pengaruh Ukuran Perusahaan dan Profitabilitas terhadap Nilai Perusahaan melalui Financial Distress sebagai Variabel Mediasi: Studi pada Perusahaan Sektor Tekstil dan Garmen yang terdaftar di Bursa Efek Indonesia tahun 2020-2023 Diana Osella; Alfiana Alfiana; Mulyono Mulyono
OPTIMAL Jurnal Ekonomi dan Manajemen Vol. 5 No. 3 (2025): Jurnal Ekonomi dan Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/optimal.v5i3.7396

Abstract

This aims to analyze the effect of firm size and profitability on firm value with financial distress as a mediating variable in textile and garment companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2023.The research employs a quantitative approach using secondary data. The sample consists of 15 companies selected through purposive sampling. Data analysis was conducted using the Structural Equation Modeling (SEM) methode based on Partial Least Squares with the help of SmartPLS 4 software. The results show that profitability has a significant effect on both firm value and financial distress, while firm size does not significantly affect either firm value or financial distress. Furthermore, financial distress does not significantly affect firm value and does not mediate the relationship between firm size or profitability and firm value
Implementation of Accounting Information System and Its Impact on Production Efficiency: An Operations Management Perspectives Lilik Suliati; Mulyono Mulyono; Wahju Wulandari
Jurnal Ilmu Manajemen Advantage Vol. 10 No. 1 (2026): June 2026
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/adv.v10i1.1851

Abstract

This study aims to analyze the implementation of Accurate 5 software and its association with production efficiency at a culinary SME in Malang, Indonesia. The novelty of this research lies in its emphasis on the operational implications of accounting software implementation, including workflow integration, inventory control, and production coordination in culinary SMEs. This study employed a quantitative approach with descriptive and inferential analysis. Data were collected from thirty respondents, consisting of production staff, warehouse personnel, administrative employees, and managers selected through purposive sampling. Data collection methods included direct observation, structured questionnaires using a four-point Likert scale, documentation review, and operational record analysis. The data were analyzed using validity and reliability testing, descriptive statistics, correlation analysis, and simple linear regression with SPSS version 26. The findings indicate that the implementation of Accurate 5 was positively perceived by respondents, both of whom were categorized as excellent. The system was perceived to improve report accuracy, information processing speed, inter-departmental coordination, and production scheduling. Nevertheless, operational cost reduction showed relatively lower results, indicating that the financial benefits of digital transformation may require a longer adaptation period. This study concludes that integrated accounting information systems may support operational efficiency and managerial effectiveness in culinary SMEs undergoing digital transformation.
Pengaruh Kualitas Pelayanan dan Nilai Pelanggan Terhadap Kepuasan Pelanggan Dengan Kepercayaan Sebagai Variabel Moderasi: Studi pada Peserta Magang Mandiri Digital Marketing PT Satukelas Adhyapana Nusantara di Jakarta Tri Puji Rahayuningsih; Mulyono Mulyono; Dian Candra Dewi
Jurnal Bisnis Kreatif dan Inovatif Vol. 2 No. 2 (2025): Juni: Jurnal Bisnis Kreatif dan Inovatif
Publisher : Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jubikin.v2i2.711

Abstract

This study aims to comprehensively examine the effect of service quality and customer value on customer satisfaction, while also exploring the role of trust as a moderating variable. The focus of the research is on participants of the Digital Marketing Independent Internship at PT Satukelas Adhyapana Nusantara, Jakarta. An explanatory quantitative approach was employed, involving 87 respondents selected through purposive sampling. The collected data were analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method with the assistance of SmartPLS 4 software. The results indicate that both service quality and customer value have a significant positive effect on customer satisfaction. Trust was also found to have a direct effect on satisfaction. However, the moderating role of trust was significant only in the relationship between service quality and customer satisfaction. In contrast, its moderating effect on the relationship between customer value and satisfaction was found to be statistically insignificant. These findings provide empirical support for the SERVQUAL theory, the concept of customer value, and the performance-expectations model, while also reinforcing literature that highlights the importance of trust in sustaining customer relationships. From a practical standpoint, this research emphasizes the need for strategies that integrate service quality enhancement with the delivery of perceived value, accompanied by efforts to build and maintain trust as a reinforcing factor for satisfaction. This combination of strategies is expected to enhance positive customer experiences, foster loyalty, and sustain long-term relationships. Furthermore, this study offers valuable contributions for developing marketing strategies and managing customer relationships in the digital education sector, which faces increasingly intense competition and challenges in the era of technological transformation and globalization.
Pengaruh Kualitas Layanan dan CRM terhadap Loyalitas Pelanggan dengan Kepuasan sebagai Variabel Mediasi : Studi Wewe Travel Maria Magdalena; Wahju Wulandari; Mulyono Mulyono
Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis Vol. 3 No. 2 (2025): April : Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/manuhara.v3i2.1666

Abstract

In this area service is very important with many people who use it to travel far or near or just send package. Data analysis using path analysis with the help of SPSS 27 and SmartPLS 4.0 software. The results of the study indicate 1) there is no significant effect of service quality on customer satisfaction 2) there is a significant effect of customer relationship management on customer satisfaction 3) there is a significant effect of customer satisfaction on customer loyalty 4) there is an effect of service quality on customer loyalty 5) there is an insignificant effect of customer relationship management on customer loyalty 6) there is an insignificant effect of service quality on customer loyalty through customer satisfaction 7) there is a significant effect of customer relationship management on customer loyalty through customer loyalty.
Pengaruh Word of Mouth, Harga dan Kualitas Produk terhadap Keputusan Pembelian Dinda Bintang Anjani; Wahju Wulandari; Mulyono Mulyono
Jurnal Pemimpin Bisnis Inovatif Vol. 3 No. 3 (2025): Juli : Jurnal Pemimpin Bisnis Inovatif
Publisher : Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jpbi.v2i3.702

Abstract

This study aims to analyze the influence of Word of Mouth, price, and product quality on consumer purchasing decisions at Kopi Studio 24 in Malang City, both simultaneously and partially, and to identify the most dominant variables. The approach used in this study is quantitative with the explanatory research method. The population in this study were all customers of Kopi Studio 24, with the sampling technique using purposive sampling. The number of respondents in this study was 100 people. Data collection was carried out by distributing questionnaires to customers who had made purchases at Kopi Studio 24. The questionnaire instrument was compiled based on the indicators of each research variable and tested for validity and reliability. Data analysis was carried out using multiple linear regression with the help of SPSS software version 25. The results of the study showed that the variables Word of Mouth, price, and product quality simultaneously had a positive and significant effect on purchasing decisions. Partially, the three variables also had a positive and significant effect. Among the three, Word of Mouth was the variable that had the most dominant influence on consumer purchasing decisions. This shows that word of mouth, whether through personal experience, friend recommendations, or reviews on social media, plays an important role in encouraging consumers to purchase products at Kopi Studio 24. This finding implies that Kopi Studio 24 managers need to strengthen their Word of Mouth-based marketing strategy and maintain product quality and set competitive prices to increase consumer purchasing decisions.