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PENGARUH RETURN ON ASSET DAN EARNING PER SHARETERHADAP HARGA SAHAM PADA PT ADHI KARYA TbkPERIODE 2013 – 2023 Hendri Prabowo; Supatmin Supatmin
Jurnal Manajemen & Pendidikan [JUMANDIK] Vol 4 No 2 (2026): Jurnal Manajemen dan Pendidikan
Publisher : LAP4B

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58174/6qqxqx80

Abstract

This study aims to analyze the effect of Return on Asset (ROA) and Earning per Share (EPS) on the stock price of PT Adhi Karya Tbk during the period 2013 to 2023. The rapid growth of the construction sector in Indonesia, particularly in the context of national infrastructure development, makes state-owned construction companies such as PT Adhi Karya Tbk a highly relevant object of study from the perspective of financial performance and capital market dynamics. The research method used is a quantitative approach with an associative design, utilizing secondary data in the form of audited annual financial reports and closing stock price data from the Indonesia Stock Exchange (IDX). The analytical techniques applied include classical assumption tests (normality, multicollinearity, heteroscedasticity, autocorrelation), multiple linear regression analysis, coefficient of determination test (R²), partial test (t-test), and simultaneous test (F-test), all processed using SPSS software version 25. The results show that ROA partially does not have a significant effect on stock prices (t-count 0.495 < t-table 2.365; sig. 0.636 > 0.05), and EPS also does not have a significant effect (t-count 0.174 < t-table 2.365; sig. 0.867 > 0.05). Simultaneously, ROA and EPS also do not have a significant effect on stock prices (F-count 1.136 < F-table 4.74; sig. 0.374 > 0.05), with a coefficient of determination of 24.5%, meaning 75.5% of stock price movements are influenced by other variables outside this model. These findings indicate that investors in the Indonesian capital market consider broader fundamental factors in making investment decisions on PT Adhi Karya Tbk shares.
EDUKASI CERDAS KELOLA UANG DENGAN PROGRAM LITERASI KEUANGAN BERBASIS FENOMENA FLEXING MEDIA SOSIAL BAGI SISWA SMK MULIA BUANA PARUNG PANJANG BOGOR Endang Nurita; Supatmin Supatmin; Dina Novita
Jurnal Pengabdian Tangerang Selatan [JURANTAS] Vol. 4 No. 2 (2026): Jurnal Pengabdian Tangerang Selatan
Publisher : LAP4B

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58174/y9af8p11

Abstract

The massive growth of social media has given rise to the phenomenon of flexing-the open display of wealth and consumptive lifestyles in digital spaces. The 2024 National Survey on Financial Literacy and Inclusion (SNLIK) recorded that the 15-17 age group had the lowest national financial literacy index at only 51.70 percent. This gap between high flexing content exposure and low financial literacy among vocational high school (SMK) students underpins this Community Service Program. The program aims to improve the financial literacy of students at SMK Mulia Buana Parung Panjang Bogor through smart money-management education grounded in the social media flexing phenomenon. Methods included interactive lectures, group discussions, social media case studies, and simple financial management simulations conducted over three days (March 15-17, 2026). Results showed significant improvements in student understanding of financial literacy concepts, the ability to distinguish needs from wants, and simple financial planning skills. A total of 92% of participants rated the program as very beneficial and 87% felt more confident in managing their personal finances. This program proved effective in raising digital-social-phenomenon-based financial literacy awareness and contributed to shaping wise, independent, and responsible financial character among students.
Analisis Komposisi Penggunaan Dana BOS: Proporsi Belanja Honor, Sarana, dan Pembelajaran pada SMP Negeri Supatmin Supatmin; Dina Novita
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 6 No. 2 (2026): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v6i2.276

Abstract

Background: The School Operational Assistance (BOS) grant is the main operating fund of Indonesian public junior secondary schools, yet open evidence on how much goes to honoraria, facilities, and learning is scarce. The planned school-level data from the JAGA portal could not be accessed, so the analysis used other open sources. Objective: To describe the composition of BOS spending in junior secondary schools (SMP) by component, grouped into honoraria, facilities, learning, and other operations. Methods: Descriptive analysis of three layers of secondary data: national SMP BOS use in the second quarter of 2019 by eleven components (IDR 916.30 billion), the 2020 realisation of 43 SMPs in Maros Regency by economic classification, and the 2023 realisation report of one public SMP in Banjarbaru. Grouping rules were fixed before calculation, with a sensitivity analysis for library spending. Results: Nationally (2019), honoraria took 14.1%, facilities 14.8%, learning 49.2%, and other operations 21.9%. In the Banjarbaru school (2023) the shares were 23.4%, 22.8%, 28.6%, and 25.2%. In Maros (2020) personnel spending reached 33.0%. Counting library spending as facilities raised the facility share to 38.9% and 35.1%. Conclusion: Honorarium shares in the more recent data (23–33%) exceed the 2019 national share (14%), consistent with the cap being raised from 15% to 50% in 2020, but remain below the cap. The learning share depends heavily on how library spending is classified. Findings are indicative and should be replicated with school-level ARKAS or JAGA data.
Ketimpangan Dana BOS per Siswa antara Sekolah di Daerah 3T dan Non-3T: Analisis Satuan Biaya BOS Reguler 2025 di 514 Kabupaten/Kota Supatmin Supatmin; Akhmad Akbar
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 6 No. 2 (2026): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v6i2.277

Abstract

Background: Since 2022 Indonesia’s School Operational Assistance (BOS) grant has used region-specific per-student unit costs, and in fiscal year 2025 schools in designated special areas receive a separate unit cost. The size of the per-student gap between disadvantaged, frontier, and outermost (3T) regions and other regions has not been openly measured. Objective: To measure the size and pattern of inequality in BOS per-student unit costs for primary (SD) and junior secondary (SMP) schools between 3T and non-3T areas. Methods: Descriptive-comparative analysis of Annex I of Ministerial Decree 8/P/2024 (2025 unit costs) for 514 districts. 3T was defined as (1) the 62 disadvantaged districts under Presidential Regulation 63/2020 and (2) the special-area unit cost applied to schools in designated villages. Differences were tested with Mann–Whitney tests and Cliff’s delta; inequality was measured with Gini and decomposed Theil indices. School-level allocations and enrolment were not available, so the analysis concerns per-student rates rather than funds received. Results: Regular SD unit costs ranged from IDR 900,000 to IDR 1.96 million (ratio 2.18). Disadvantaged districts averaged IDR 1.34 million, 37.9% above other districts (Cliff’s δ = 0.63; p < 0.001), with a similar gap for SMP (39.3%). The gap came almost entirely from Papua: outside Papua it was 7.5%, and disadvantaged districts in Nusa Tenggara and Sulawesi received lower average rates than their neighbours. Island region explained 71% of between-district inequality, disadvantaged status 40%. The special-area rate equals the regular rate times a fixed island-group factor, from 1.128 (Java) to 1.275 (Papua), adding IDR 120,000 to IDR 426,000 per SD student on average. Of the 55 disadvantaged districts with readable status, 54 had special-area rates. Conclusion: The 2025 formula gives 3T areas more per student, but the premium follows regional price indices rather than degree of disadvantage. Disadvantaged districts outside Papua gain little, and special-area schools in Java still receive less than the median disadvantaged district. Findings should be verified with school-level allocation and enrolment data.
Hubungan Efisiensi Belanja BOS dengan Rasio Guru-Siswa dan Kelengkapan Sarana: Analisis Data Envelopment Analysis Dua Tahap pada SMP di 38 Provinsi Supatmin Supatmin; Lisdawati Lisdawati
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 4 No. 2 (2024): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v4i2.278

Abstract

Background: Since Indonesia’s School Operational Assistance (BOS) grant began using region-specific unit costs, schools in high-cost provinces receive much more per student. Whether these differences match educational results, and how they relate to teachers and facilities that BOS does not directly fund, is unknown. Objective: To measure the relative efficiency of junior secondary (SMP) BOS spending across provinces and its association with the student–teacher ratio and facility completeness. Methods: Cross-sectional study of 38 provinces. The input was the mean 2025 SMP BOS unit cost across 514 districts. Teacher, enrolment, facility, drop-out, repetition, and graduation data came from the 2025/2026 SMP Statistics (Dapodik, 30 November 2025), and provincial 2026 Academic Ability Test (TKA) means from published reports. Efficiency was estimated with variable-returns data envelopment analysis (DEA) in two models: access efficiency (E1, input-oriented; outputs retention, promotion, completion) and quality efficiency (E2, output-oriented; outputs TKA Indonesian and mathematics). A facility completeness index (IKS) combined eight indicators (Cronbach’s α = 0.93). Second-stage models used OLS with HC3 errors, Tobit, and Simar–Wilson bootstrapped truncated regression. School-level data were unavailable, so the unit is the province. Results: Mean SMP unit costs ranged from IDR 1.10 to 2.31 million per student. Mean E1 was 0.87 and E2 0.81; the six Papua provinces had the lowest E1. E1 largely mirrored the unit cost (Spearman ρ = −0.92) because retention, promotion, and completion exceeded 95% everywhere. IKS was positively associated with both efficiencies after controlling for student poverty (p < 0.001), robust to Tobit, Simar–Wilson, a principal-component index, and excluding Papua. The student–teacher ratio was unrelated to E1 but positively associated with E2 (p = 0.016): provinces with relatively more teachers were not more efficient; this weakened without Papua (p = 0.09). Conclusion: At provincial level, BOS money per student goes furthest where basic facilities are already complete, while teacher surpluses do not add efficiency. Tariff-based efficiency scores reflect relative cost rather than waste, and findings should be tested with school-level spending and outcome data.
PERBEDAAN BATAS ATAS UANG KULIAH TUNGGAL ANTARA PTNBH DAN NON-PTNBH: STUDI EKSPLORATIF 20 PERGURUAN TINGGI NEGERI PADA JALUR SNBP 2024 Supatmin Supatmin; Endang Nurita
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 4 No. 3 (2024): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v4i3.279

Abstract

Background: Indonesian state universities with legal-entity status (PTNBH) have broader financial autonomy than other state universities, raising concern that their single tuition fee (UKT) is higher. Quantitative comparisons remain scarce. Objective: To compare the highest UKT group between PTNBH and non-PTNBH universities and to check whether location on Java is associated with it. Methods: Exploratory cross-sectional study of 20 state universities using the highest UKT group for the 2024 SNBP admission track, compiled by news media from official campus websites. 2024 PTNBH status came from published lists (16 PTNBH, 4 others). Analysis used Welch and Mann–Whitney tests, a permutation test, and OLS on log UKT with HC3 errors. The PDDikti portal and official campus UKT pages were inaccessible, so data are secondary. Results: Mean highest UKT was IDR 22.56 million for PTNBH (SD 7.15) and IDR 21.70 million for others (SD 9.22). The difference was not significant (Welch p = 0.78; Mann–Whitney p = 1.00; permutation p = 0.84). The PTNBH coefficient was 0.089 (p = 0.79) unadjusted and −0.059 (p = 0.85) adjusted for Java location. With only four non-PTNBH universities, the study could detect only about a 2.6-fold difference. Conclusion: This sample gives no evidence that PTNBH differ in the UKT ceiling, but absence of evidence is not evidence of absence. Program-level UKT data for all state universities are needed to test it.
RASIO MAHASISWA PER DOSEN, AKREDITASI INSTITUSI, DAN BIAYA KULIAH PERGURUAN TINGGI SWASTA DI PULAU JAWA: STUDI EKSPLORATIF PADA PROGRAM SARJANA MANAJEMEN Supatmin Supatmin; Hengki Hermawan
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 4 No. 3 (2024): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v4i3.280

Abstract

Background: Tuition at Indonesian private universities is not capped nationally, so prospective students weigh price against visible quality signals such as accreditation and staffing. Quantitative evidence on these links is scarce. Objective: To examine how the student-to-permanent-lecturer ratio and institutional accreditation relate to the cost of the undergraduate Management program at private universities on Java. Methods: Exploratory cross-sectional study of 19 private universities (14 rated Excellent, 5 lower). The outcome is the estimated cost to graduate in eight semesters, compiled from official campus pages and education media for fee years 2022/2023 to 2026/2027. Lecturer and student counts come from 2025 open data of the national higher education database (PDDikti); accreditation from the 2025 list of accredited institutions. We used Welch, Mann–Whitney and permutation tests and OLS on log cost with HC3 errors, and compared ratios across accreditation levels for 427 private universities on Java. Results: Median cost was IDR 93.2 million at Excellent-rated universities and IDR 38.2 million at others (Mann–Whitney p < 0.001; geometric-mean ratio 3.16). With both predictors, each additional student per lecturer was associated with 2.2% lower cost (p = 0.007) and Excellent status with 2.6 times higher cost (p < 0.001). Adding size, share of doctoral lecturers and Greater Jakarta location made both estimates smaller and non-significant, as accreditation correlates strongly with the doctoral share (r = 0.78). Across 427 universities, Excellent-rated institutions had 43% lower ratios than the lowest tier after adjusting for size. Conclusion: Private tuition on Java is associated with accreditation and staffing, but the small sample and overlapping quality signals prevent separating their effects. Findings are associational and should be tested with structured fee data for all private universities.
Keterjangkauan Uang Kuliah Tunggal terhadap Upah Minimum Provinsi dan Pengeluaran per Kapita: Studi Deskriptif pada 20 Perguruan Tinggi Negeri Jalur SNBP 2024 Supatmin Supatmin; Eko Cahyadi
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 5 No. 1 (2025): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v5i1.281

Abstract

Background: Indonesia's single tuition fee (UKT) at state universities is set in nominal rupiah regardless of the student's province, while wages and household spending vary widely across regions. Evidence on UKT affordability relative to local ability to pay is limited. Objective: To measure UKT affordability against the provincial minimum wage (UMP) and average per capita expenditure, and to test whether UKT levels follow local ability to pay. Methods: Descriptive cross-sectional study of 20 state universities in nine provinces. The highest UKT group for the 2024 SNBP admission track was compiled from media reports citing official campus pages, the 2024 UMP from governors' decrees as reported, and 2024 monthly per capita expenditure from the BPS National Socioeconomic Survey (Susenas). Affordability is expressed as the number of months of UMP or per capita expenditure equal to one semester's UKT. Sensitivity analyses use district minimum wages (UMK) and district per capita expenditure where the campus is located. Mann–Whitney tests, Spearman correlation and log-log OLS with HC3 errors were used. Results: One semester of the highest UKT equalled a median 9.0 months of UMP (range 2.6–15.7) and 15.1 months of provincial per capita expenditure (5.5–25.2). At 16 of 20 universities it exceeded six full months of UMP. The burden relative to UMP was heavier on Java (median 11.5 months) than elsewhere (5.8; p = 0.018), but the gap disappeared with campus-district UMK (6.8 vs 5.6; p = 0.67). UKT was unrelated to UMP (elasticity −0.49; p = 0.34) and per capita expenditure (−0.52; p = 0.35). UKT groups 1 and 2 equalled only 2.4–8.2% of a semester's UMP. Conclusion: The top UKT group is far beyond the means of minimum-wage households, and the burden depends on location because fees are not adjusted to local ability to pay. Accurate placement of students into UKT groups matters more for affordability than the top fee itself. Findings are descriptive and need data on the distribution of students across UKT groups.
Kepatuhan Pemerintah Daerah terhadap Mandatory Spending 20% Anggaran Pendidikan dalam APBD: Analisis 38 Provinsi Tahun Anggaran 2024 Supatmin Supatmin; Krisnaldy Krisnaldy
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 4 No. 2 (2024): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v4i2.282

Abstract

Background: Indonesia's Constitution (Article 31(4)) and the National Education System Law require at least 20% of national and regional budgets to be allocated to education. Regional compliance has mostly been studied normatively or through single-region case studies, and rarely mapped quantitatively across all provinces together with fiscal correlates. Objective: To map compliance of Indonesia's 38 provincial governments with the 20% threshold in the 2024 budgets (APBD), quantify the shortfall in non-compliant provinces, and examine how compliance relates to fiscal autonomy, transfer dependence, and personnel spending. Methods: Descriptive cross-sectional quantitative study. Provincial ratios of education-affairs budgets to total regional expenditure (Ministry of Home Affairs data as of July 2024) were taken from a 2024 Corruption Eradication Commission (KPK) study and checked for internal consistency. Fiscal variables (own-source revenue, transfers, personnel spending, total expenditure) were taken from the Ministry of Finance's DJPK regional budget portal. Analyses used descriptive statistics, Fisher's exact test, Mann–Whitney tests, Spearman correlations, OLS with HC3 standard errors, and a denominator sensitivity check. Results: Twenty-eight provinces (73.7%) met the 20% threshold and ten did not. The median ratio was 26.08% (range 3.59–42.37%), and the pooled ratio across provinces was 25.20%. Non-compliance was concentrated entirely in the six Papuan provinces (median 7.98%) and four of the five Kalimantan provinces (group median 17.21%); all 27 other provinces complied (Fisher p < 0.001). The ten provinces were jointly IDR 3.88 trillion short of 20%. Fiscal autonomy correlated positively with the ratio (ρ = 0.35; p = 0.032), but the association disappeared once the Papuan group was excluded or controlled for. The education ratio correlated strongly with the personnel share of total spending (ρ = 0.76; p < 0.001). Compliance status was unchanged when the denominator was replaced with final budget totals reported by DJPK. Conclusion: Provincial non-compliance is not widespread but concentrated in two institutional settings: newly created Papuan provinces that do not yet carry education personnel costs, and resource-rich Kalimantan provinces with large total budgets. Elsewhere, compliance rests largely on teacher salaries, so numerical compliance does not necessarily indicate the quality of education spending.
Hubungan Belanja Pendidikan per Siswa dengan Angka Partisipasi Murni dan Rata-rata Lama Sekolah: Analisis Lintas Provinsi di Indonesia Supatmin Supatmin; Nanang Hanafiah
Jurnal Ilmiah Pendidikan dan Keislaman Vol. 5 No. 2 (2025): Jurnal Ilmiah Pendidikan dan Keislaman
Publisher : STAI Darul Qalam Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55883/jipkis.v5i2.284

Abstract

Background: Indonesian regional governments must allocate at least 20% of their budgets to education, yet evidence on whether spending per student relates to enrollment and schooling attainment at the provincial level remains limited and inconsistent. Objective: To examine the association between provincial education spending per student and the senior-secondary net enrollment rate (NER) and mean years of schooling (MYS), accounting for students' economic background, fiscal autonomy, and the specific context of Papua. Methods: Cross-sectional study of 37 provinces (Jakarta excluded because it also funds primary and junior secondary schools). The 2024 provincial education budget (Ministry of Home Affairs via KPK, 2024) was divided by the number of senior high school (SMA) students in 2024/2025 (Ministry of Primary and Secondary Education). Outcomes were the 2025 senior-secondary NER (Statistics Indonesia) and 2024 MYS. Controls were the share of public SMA students from households earning under IDR 1 million or with no income, fiscal autonomy, and a Papua dummy. Models were estimated by OLS with HC3 standard errors, with six robustness checks. Results: Median spending was IDR 16.2 million per SMA student, with a 90th-to-10th percentile ratio of 2.3. Spending per student was not significantly associated with NER or MYS in the full models. Variation in outcomes was explained mainly by students' economic background and the Papua context. Excluding Papua, the NER coefficient turned positive (6.73; p = 0.097) but remained insignificant at the 5% level. Conclusion: At the provincial level, the size of education spending per student does not yet distinguish NER and MYS outcomes. Given the cross-sectional design, these results are associations and should not be read as evidence that spending has no effect.