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Return on Assets, Earnings Per Share, Price Earning Ratio, and Economic Value Added on Stock Returns in The Telecommunications Sub-Industry Dian Nur Aini; Darto Darto
Dinasti International Journal of Education Management And Social Science Vol. 6 No. 3 (2025): Dinasti International Journal of Education Management and Social Science (Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijemss.v6i3.4093

Abstract

Rapid economic growth in Indonesia, bolstered by digitization and telecommunications advancements, generates both strategic possibilities and difficulties for the sector, making it crucial to economic expansion and appealing to investors. The purpose of this study is to examine how stock returns in telecommunications sub-industry businesses listed on the Indonesia Stock Exchange for the 2019–2023 timeframe are impacted by Return on Assets (ROA), Earnings Per Share (EPS), Price Earning Ratio (PER), and Economic Value Added (EVA). Purposive sampling is used with panel data regression analysis in this study. Fourteen telecommunications sub-sector businesses that were listed on the IDX between 2019 and 2023 made up the research sample. EViews 10 was used to examine the data. The findings of the research showed that although Price Earning Ratio has a negative and considerable impact on stock returns, Economic Value Added has a negative but negligible impact, and Return on Asset and Earnings Per Share have a positive but negligible impact. The independent variables may account for 32.01% of the variability in stock returns, according to the coefficient of determination (R2) value of 0.320065. The remaining 67.99% is influenced by factors not included in the model.
Utilization of solar energy in hydroponic systems for enhancing energy independence in farming communities Lorenta In Haryanto; Tri Yuni Hendrawati; Darto Darto; Febri Yani; Firgi Adha Listanto; Dimas Yoga Pradipta Pratama
Abdimas: Jurnal Pengabdian Masyarakat Universitas Merdeka Malang Vol. 9 No. 4 (2024): November 2024
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/abdimas.v9i4.14545

Abstract

Urban agriculture challenges, such as limited land and time constraints, make hydroponic technology ideal to support the development of sustainable agricultural systems. Water pumps are essential for distributing nutrient water to plants in a hydroponic system. Using solar panels as an alternative energy source for hydroponic water pumps reduces operational costs and supports energy conservation efforts. This project aims to implement solar panels on hydroponic water pump machines to create energy independence for farmer groups. The activities cooperated with a farmer group called Hidroponik Generik (HG) in Pesanggrahan from April to October 2024. The implementation method includes training and assistance in applying vertical hydroponic technology and training and assistance in solar power generation for hydroponic systems. Results from community service show that solar-powered pumps reduce electricity costs, enhance income potential, and support sustainable farming. An 800 WP solar panel provides 1600 WH daily, powering pumps for 12-13 hours, cutting electricity usage by 66 percent and reducing monthly expenses by 10 percent. Along with vertical hydroponic installation, this program increases farm income by 15 percent, with a 45 percent improvement in participants' understanding of solar technology. The results of the activities were deemed successful after the partners expressed satisfaction with the conducted activities.
The Influence of Motivation and Job Satisfaction on Employee Performance at PT. Sustraco Adikreasi Arista, Juliana; Darto, Darto
Buletin Ekonomika Pembangunan Vol 6, No 2 (2025): SEPTEMBER
Publisher : Jurusan Ilmu Ekonomi Fakultas Ekonomi Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/bep.v6i2.31183

Abstract

This study examines the effect of motivation and job satisfaction on employee performance at PT Sustraco Adikreasi. This topic is important because employee performance directly impacts the organisation's success. Despite numerous studies on similar variables, limited research investigates this relationship in the corporate context of PT Sustraco Adikreasi, highlighting its novelty. This study contributes to the literature by providing empirical evidence and practical insights into the role of motivation and satisfaction in improving performance. An associative quantitative method was used by distributing questionnaires to 50 respondents. Data were analysed using multiple linear regression, t-test, F-test, and coefficient of determination with the help of SPSS software. The findings show that motivation and job satisfaction positively and significantly influence employee performance individually and simultaneously. The results show that increasing motivation and satisfaction can significantly improve work performance. Keywords: Motivation, job satisfaction, employee performance
Mekanisme Good Corporate Governance, Cash Holding, Leverage, Ukuran Perusahaan Terhadap Nilai Perusahaan Bumn Di Indonesia Fadhilah, Wahyu Ilham; Darto, Darto
Balance : Jurnal Akuntansi dan Manajemen Vol. 5 No. 1 (2026): April 2026
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jam.v5i1.1336

Abstract

Nilai perusahaan adalah nilai yang mencerminkan kondisi dan kinerja suatu perusahaan. Nilai ini terbentuk dari penilaian investor terhadap prospek dan kinerja perusahaan di masa mendatang serta dari kemampuan manajemen untuk mengelola sumber daya perusahaan secara efektif. Nilai perusahaan menjadi tujuan utama perusahaan karena nilainya sangat terkait dengan kesejahteraan pemegang sahamnya. Penelitian ini bertujuan menguji secara empiris pengaruh mekanisme Good Corporate Governance (komite audit dan dewan komisaris independen), cash holding, leverage, dan ukuran perusahaan terhadap nilai perusahaan Badan Usaha Milik Negara (BUMN) di Indonesia. Menggunakan data panel 16 BUMN non-perbankan yang terdaftar di Bursa Efek Indonesia periode 2020–2024 dan dianalisis dengan model Fixed Effect, hasil penelitian menunjukkan bahwa leverage berpengaruh negatif dan signifikan terhadap nilai perusahaan, sementara ukuran perusahaan berpengaruh positif dan signifikan. Sebaliknya, komite audit, dewan komisaris independen, dan cash holding tidak menunjukkan pengaruh signifikan. Temuan utama ini menegaskan bahwa kebijakan struktur pendanaan dan skala operasional lebih menentukan persepsi pasar terhadap BUMN dibandingkan pemenuhan aspek struktural tata kelola. Implikasi praktisnya, manajemen BUMN perlu memprioritaskan pengelolaan utang yang hati-hati dan optimalisasi aset agar nilai perusahaan dapat meningkat secara berkelanjutan.   Company value is a value that reflects the condition and performance of a company. This value is formed from investors' assessments of the company's future prospects and performance, as well as the management's ability to manage the company's resources effectively. Company value is the main objective of a company because it is closely related to the welfare of its shareholders. This study aims to empirically examine the effect of Good Corporate Governance mechanisms (audit committee and independent board of commissioners), cash holdings, leverage, and company size on the corporate value of State-Owned Enterprises (SOEs) in Indonesia. Using panel data from 16 non-banking SOEs listed on the Indonesia Stock Exchange for the period 2020–2024 and analyzed using a fixed effect model, the results show that leverage has a negative and significant effect on company value, while company size has a positive and significant effect. Conversely, audit committees, independent boards of commissioners, and cash holdings do not show a significant effect. These key findings confirm that funding structure and operational scale policies have a greater impact on market perceptions of SOEs than compliance with structural governance aspects. The practical implication is that SOE management needs to prioritize careful debt management and asset optimization in order to increase company value in a sustainable manner.  
Determinan Cash Holding Perusahaan Sub Industri Perkebunan dan Tanaman Pangan di Indonesia Rizkiyah, Zaidah; Darto, Darto
Economic Reviews Journal Vol. 5 No. 1 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i1.1031

Abstract

The plantation and food crop sector plays and important role in the Indonesian economy, but this industry faces the risk of price fluctuations and operational instability, which requires companies to maintain liquidity through optimal cash holding policies. This study aims to analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Asset (ROA), and Firm Size on Cash Holding in plantation and food crop sub-industry companies listed on Indonesia Stock Exchange during the periode 2020-2024. The research method use a quantitative approach with panel data regression analysis and a sample selection of  20 companies through purposive sampling. The result of this study indicate that CR, DER, and Firm Size have a positive but insignificant effect on Cash Holdings, while ROA has a positive and significant effect on Cash Holdings. An R2 value of  0.7745 indicates that the independent variables are able to explain 77,45% of Cash Holding. These findings imply that profitability is a major factor that strengthens a company’s ability to maintain cash, so management needs to optimize asset performance. In addition, the results of this study can be taken into consideration by investors in assessing the financial stability of companies and a reference for further research.
Financial Literacy and the Indonesian Standard Quick Response Code (QRIS) Effectiveness on the Performance of MSMEs in South Jakarta Elsa Dewi Farantika; Darto Darto
Jurnal Akuntansi, Manajemen dan Bisnis Digital Vol 5 No 2 (2026): April
Publisher : LPPJPHKI Universitas Dehasen Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/jambd.v5i2.10646

Abstract

This study aims to analyze the effect of financial literacy and the effectiveness of using the Indonesian Standard Quick Response Code (QRIS) on the performance of Micro, Small, and Medium Enterprises (MSMEs) in South Jakarta. The research employs a quantitative approach with a correlational design. Data were collected through Likert-scale questionnaires distributed to 70 MSME owners who have adopted QRIS, selected using a purposive sampling technique. Data analysis was conducted using multiple linear regression, preceded by validity, reliability, and classical assumption tests. The results indicate that financial literacy has a positive and significant effect on MSME performance (β = 0.405; t = 3.833; p < 0.001). The effectiveness of QRIS also shows a positive and significant effect on MSME performance, with a more dominant influence (β = 0.473; t = 4.441; p < 0.001). The coefficient of determination (R²) of 0.523 indicates that financial literacy and QRIS effectiveness jointly explain 52.3 percent of the variance in MSME performance. Therefore, enhancing financial literacy and optimizing the use of QRIS are strategic factors in improving MSME performance in urban areas. This study provides empirical contributions to the MSME management literature by strengthening the role of financial literacy and digital payment systems, and it serves as a reference for policymaking in MSME development within the digital economy era.