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Meningkatkan Literasi Keuangan Melalui Program What If pada Murid SMAN 1 Sigaluh Banjarnegara Gridita Dwi Pratiwi; Ayu Hidayati Munasyiroh; Monika Ristana Limbong; Asmi Devi Azizah; Annisa Farradila; Ali Mutasowifin
JIRA: Jurnal Inovasi dan Riset Akademik Vol 3, No 3 (2022)
Publisher : Ahlimedia Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47387/jira.v3i3.267

Program “What If” mengajarkan materi literasi keuangan dengan mengacu pada “Buku Literasi Keuangan untuk Sekolah Menengah Atas” yang diterbitkan oleh Otoritas Jasa Keuangan (OJK). Model dan media pembelajaran ini didesain sesuai dengan kebutuhan siswa SMAN 1 Sigaluh. Pelaksanaaan program “What If” diikuti oleh 14 siswa SMA N 1 Sigaluh yang berasal dari kelas 12. Media pembelajarannya beragam, yaitu menggunakan google classroom, video conference, WhatsApp dan website “https://pkmwhatif.com/”. Program “What If” merupakan inovasi dari pembelajaran perencanaan keuangan pada siswa SMA dengan metode konsekuensi dan risiko, sehingga membantu dalam memahami pengambilan keputusan keuangan yang baik. “What If” berhasil meningkatkan literasi keuangan, sehingga yang well literate menjadi 78,84 %. Selain itu, tingkat inklusi keuangan menjadi sebesar 88,75%.

Pengaruh Pengungkit Keuangan dan Profitabilitas Terhadap Perataan Laba Pada Indeks IDX Quality 30 Non Bank Periode 2015-2019 Fitri Apriani Maudinah; Ali Mutasowifin
Jurnal Ilmiah Manajemen Kesatuan Vol 9 No 2 (2021): JIMKES Edisi Agustus 2021
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v9i2.458

As management has the authority over the financial statements issued by the company, much of earnings management is trying to overhaul profits or what is called earnings engineering. One of the profit engineering techniques is income smoothing, which rules profits in order to reduce fluctuation. This study aims to analyze the effects of financial leverage and profitability on income smoothing. The object of this research is the IDX Quality 30 index (IDXQ30) Non-Bank for the 2015-2019 period. The data used is secondary data obtained from the companies’ financial statements during the 2015-2019 period and literature studies. The method used in this research is binary logistic regression analysis with Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Return on Assets (ROA), and Net Profit Margin (NPM) as independent variables and Eckel Index as dependent variable. The results showed that simultaneously DER, ROA, and NPM have a significant effect on income smoothing. Partially, DER and ROA have no effect on income smoothing, while NPM variable has a significant negative effect on income smoothing.

Determinants of Profitability of Indonesia Palm Oil Industry Ali Mutasowifin; Dwitaningsih Dwitaningsih
Jurnal Ilmiah Manajemen Kesatuan Vol 10 No 3 (2022): JIMKES Edisi Desember 2022
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v10i3.1517

Palm oil is one of Indonesia's leading sectors. Palm oil companies on the IDX experi-enced a decline in profitability from 2016-2019. Some even had negative profits. One indicator to assess the company's performance is to look at the level of profitability. This study aims to analyze the effect of leverage, activity, liquidity, and sales growth on the profitability of palm oil companies for the 2016-2020 period. The sampling method used is non-probability sampling with a purposive sampling technique. This study uses panel data regression analysis. The results showed that Debt to Asset Ratio, Total Asset Turnover, and Current Ratio had a negative effect on ROA, while Working Capital Turnover had no effect on ROA, and sales growth had a positive effect on ROA.

Factors that Influence Students’ Interest in Investing during The Covid-19 Pandemic Ali Mutasowifin
InFestasi Vol 18, No 2 (2022): DESEMBER
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/infestasi.v18i2.17388

The increase in the number of investors until 2021 reached 201.5% compared to 2019. The increase was dominated by students and college students. The number of investors who increased drastically remains small, compared to the total population of Indonesian society. The subject of this study are undergraduate students at IPB University. This study aims to analyze the factors that influence the interest in investing during Covid-19 pandemic through undergraduate students at IPB University. The factors being studied were investment knowledge, investment motivation, and technological progress. The samples used in this study were 100 college students, for sampling each faculty using the Quota Sampling method. The analysis method used in this study were descriptive analysis and Structural Equation Modeling (SEM)-PLS. The result of analysis show that the investment knowledge factor did not affect significantly, while investment motivation and technological progress had a positive and significant effect on the investment interest of undergraduate students at GL University during the Covid-19 Pandemic. The results that investment knowledge does not have a significant effect on investment interest need to be considered so that it does not produce a negative impact. The research will be immensely useful to different stakeholders such as government, policymakers, financial advisors, and investors in making their strategic or operational decisions.

Analisis Penerapan Risiko dalam Penyusunan Portofolio Optimal Nisrina Putri Arifin; Ali Mutasowifin
Jurnal Ilmiah Akuntansi Kesatuan Vol 10 No 3 (2022): JIAKES Edisi Desember 2022
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v10i3.1509

Investment is one of the determining variables and has a positive effect on economic growth (GDP). Investing in stocks with large market capitalization will increase JKSE growth. IDX80 is an index consisting of 80 stocks that have high liquidity, large market capitalization, and good company fundamentals. This study aims to find a combination of stocks that meet the criteria in forming an optimal portfolio based on the Markowitz model and the Single Index Model also to find the best portfolio performance using Value at Risk. This study uses reports of monthly stock price, JKSE, and interest rates BI7DRR period February 2019–February 2022. The results show there are 17 stocks combination form the optimal portfolio of the Single Index Model with an expected return of 0.01882 and a variance value of 0.002582 per month. While the optimal portfolio formed by the Markowitz model produces six stocks combination, the expected return and variance are 0.002243 and 0.003866 per month, respectively. Based on comparison using Value at Risk, the optimal portfolio by the Single Index Model is better than the Markowitz model because it has the highest expected return, the best risk, the lowest possible loss, and the best portfolio performance.

FAKTOR-FAKTOR YANG MEMENGARUHI PROFITABILITAS DENGAN GENDER SEBAGAI VARIABEL MODERATOR PADA BUMN TERBUKA PERIODE 2016-2020 Riska Dayu Rizky; Ali Mutasowifin
JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 10 No 1 (2023): JMBI UNSRAT Volume 10 Nomor 1
Publisher : FEB Universitas Sam Ratulangi Manado

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35794/jmbi.v10i1.47520

BUMN (state owned enterprise) as a business unit with most of the capital owned by the government has the main goal of obtaining a profit from the activities it carries out. This study aims to analyze the factors that influence the profitability of state-owned companies with gender as a moderating variable. The sampling method used is non-probability sampling with a purposive sampling technique. The samples generated from purposive sampling are 16 companies. The study used panel data regression analysis. The results showed that variables Current Ratio, Debt to Equity Ratio, and Growth Sales do not significantly influence ROA. The results of the moderation regression test showed that the gender variable does not have a moderating effect on the Current Ratio, Debt to Equity Ratio, and Growth Sales variables on ROA.

Analisis Social Return on Investment (SROI) Program CSR Pemanfaatan Limbah Fly Ash dan Bottom Ash (FABA) PT PLN Nusantara Power UP Pacitan Dasra Viana, Eka; Ratna Dewi, Farida; Mutasowifin, Ali; Tri Listirta, Risky; Afrida Pebriana, Lila
Jurnal Manajemen dan Organisasi Vol. 15 No. 2 (2024): Jurnal Manajemen dan Organisasi
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jmo.v15i2.56336

This research presents an evaluation of the implementation of the Corporate Social Responsibility programme based on the use of Fly Ash and Bottom Ash (FABA) waste. The form of programme implementation is the use of coal combustion waste to make products such as bricks and paving blocks. The products are used in the construction of livable houses, village road casting and soil stabilisation in several areas of Pacitan Regency, East Java. This research uses a qualitative descriptive approach by examining the social and economic impacts on local communities through six stages of Social Return on Investment (SROI) analysis. The measured social benefits were greater than the investment with a ratio of 2.4:1. This means that for every IDR 1 invested, IDR 2.4 benefits were realised. This shows that the programme has the potential for economic, social and environmental sustainability.

Dampak Stock Split terhadap Abnormal Return pada Emiten Terdaftar di Bursa Efek Indonesia Fauzi, Achmad Azis; Mutasowifin, Ali
JDEP (Jurnal Dinamika Ekonomi Pembangunan) Vol. 4 No. 2 (2021): JDEP (Jurnal Dinamika Ekonomi Pembangunan)
Publisher : UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/jdep.v4i2.302

This study analyzes the effect of stock split on abnormal returns of companies listed on theIndonesia Stock Exchange in 2015-2019. Using a purposive sampling method (nonprobabilitysampling) we obtained 34 companies as a research sample. We use the event study approach for data processing in finding abnormal returns and t-test as well. This study classifies samples into two categories, complex sample category, and sectoral industries. The result shows that for the complex category, there are three out of eleven days of events that have an impact on abnormal returns marked by the t-test results greater than t-table. Whereas in each sectoral industries there are only five affected sectors, three unaffected sectors and one sector cannot be tested due to insufficient data. This result is also consistent with theories related to the stock split, signaling theory, and trading range theory.

Analisis Penerapan Risiko dalam Penyusunan Portofolio Optimal Arifin, Nisrina Putri; Mutasowifin, Ali
Jurnal Ilmiah Akuntansi Kesatuan Vol. 10 No. 3 (2022): JIAKES Edisi Desember 2022
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v10i3.1509

Investment is one of the determining variables and has a positive effect on economic growth (GDP). Investing in stocks with large market capitalization will increase JKSE growth. IDX80 is an index consisting of 80 stocks that have high liquidity, large market capitalization, and good company fundamentals. This study aims to find a combination of stocks that meet the criteria in forming an optimal portfolio based on the Markowitz model and the Single Index Model also to find the best portfolio performance using Value at Risk. This study uses reports of monthly stock price, JKSE, and interest rates BI7DRR period February 2019–February 2022. The results show there are 17 stocks combination form the optimal portfolio of the Single Index Model with an expected return of 0.01882 and a variance value of 0.002582 per month. While the optimal portfolio formed by the Markowitz model produces six stocks combination, the expected return and variance are 0.002243 and 0.003866 per month, respectively. Based on comparison using Value at Risk, the optimal portfolio by the Single Index Model is better than the Markowitz model because it has the highest expected return, the best risk, the lowest possible loss, and the best portfolio performance.

ANALYSIS OF THE IMPACT OF INITIAL PUBLIC OFFERING ON FINANCIAL PERFORMANCE Mutasowifin, Ali; Ramadhan, Muhammad Farchan; Viana, Eka Dasra
JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 11 No 1 (2024): JMBI UNSRAT Volume 11 Nomor 1
Publisher : FEB Universitas Sam Ratulangi Manado

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35794/jmbi.v11i1.54431

Abstract. The number of companies conducting IPOs on the Indonesia Stock Exchange continues to increase so that competition between companies also increases. One of the company's strategies to grow is the Initial Public Offering (IPO) to obtain additional capital. After an IPO, it is very important to conduct a financial performance assessment because it can affect the stock price and the value of a company. The purpose of this study is to describe the financial ratios and analyze the differences of the average financial performance before and after the IPO and describe the impact of the IPO on the financial performance of each company sector. The research method used was the wilcoxon signed ranks test and the MANOVA test on the financial statements of 48 companies that conducted IPOs in 2019. Based on the results of the study, there was a performance improvement in the ratio of liquidity and solvency, but in the ratio of profitability and activity, there was a decrease in performance. The results of the Wilcoxon signed ranks test showed that the ratio of profitability, solvency, liquidity, and activity had significant differences and the MANOVA test proved that the ratio of profitability, solvency, liquidity, and activity simultaneously had differences before and after the IPO Abstrak. Jumlah perusahaan yang melakukan IPO di Bursa Efek Indonesia terus meningkat sehingga persaingan antar perusahaan pun semakin meningkat. Salah satu strategi perusahaan untuk tumbuh adalah Initial Public Offering (IPO) untuk mendapatkan tambahan modal. Setelah IPO, sangat penting untuk melakukan penilaian kinerja keuangan karena dapat mempengaruhi harga saham dan nilai suatu perusahaan. Tujuan dari penelitian ini adalah untuk mendeskripsikan rasio-rasio keuangan dan menganalisis perbedaan rata-rata kinerja keuangan sebelum dan sesudah IPO serta mendeskripsikan dampak IPO terhadap kinerja keuangan masing-masing sektor perusahaan. Metode penelitian yang digunakan adalah uji peringkat bertanda wilcoxon dan uji MANOVA terhadap laporan keuangan 48 perusahaan yang melakukan IPO pada tahun 2019. Berdasarkan hasil penelitian terdapat peningkatan kinerja pada rasio likuiditas dan solvabilitas, namun pada tahun 2019 terdapat peningkatan kinerja pada rasio likuiditas dan solvabilitas. rasio profitabilitas dan aktivitas, terjadi penurunan kinerja. Hasil uji Wilcoxon Signed Ranks menunjukkan bahwa rasio profitabilitas, solvabilitas, likuiditas, dan aktivitas terdapat perbedaan yang signifikan dan uji MANOVA membuktikan bahwa rasio profitabilitas, solvabilitas, likuiditas, dan aktivitas secara simultan terdapat perbedaan sebelum dan sesudah IPO.

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