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Pengaruh Perputaran Kas, Piutang, Persediaan, Siklus Konversi Kas, dan Perputaran Aktiva Tetap Terhadap Profitabilitas pada Perusahaan Sub Sektor Farmasi yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024. Kurnia Tri; Rudi Kurniawan; Linda Ayu Oktoriza; Diana Puspitasari
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 1 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i1.10491

Abstract

The purpose of this study is to examine how the profitability (ROA) of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange between 2020 and 2024 is affected by cash turnover, accounts receivable turnover, inventory turnover, cash conversion cycle, and fixed asset turnover.  The research is conducted to determine how the effectiveness of working capital management and asset utilization contributes to enhancing a company’s financial performance, particularly in producing profit. Using secondary data from pharmaceutical companies' yearly financial statements, this study employs a quantitative methodology.  Purposive sampling was used to pick the sample, which included 13 businesses with 65 observations during a five-year period.  Descriptive statistical analysis and traditional assumption tests are among the tests. Using SPSS 26's multiple linear regression analysis to look at how each independent variable affects profitability. The findings demonstrate that the cash conversion cycle, inventory turnover, and accounts receivable turnover all significantly and favorably impact profitability.  In contrast, monetary turnover and fixed asset turnover do not demonstrate a substantial influence.  Concurrently, the model's five variables are shown to have a considerable impact on profitability, with an R2 value of 0.523, which indicates that these factors account for 52.3% of the variation in profitability.  These data demonstrate that the effectiveness of managing receivables, inventory, and the cash cycle plays an essential role in boosting the profitability of pharmaceutical firms.
Peran Leverage dalam Memediasi Hubungan Current Ratio dan Inflasi Terhadap Kinerja Keuangan pada Perusahaan Manufaktur Non-Cyclical yang Terdaftar di Bursa Efek Indonesia Periode 2021-2024 Lia Nur Hidayati; Diana Puspitasari; Rudi Kurniawan; Amalia Nur Chasanah
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 3 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i3.11072

Abstract

This research looks at how Indonesian non-cyclical manufacturing businesses  financial operations are affected by inflation and liquidity, using leverage as a mediating variable. The study sample consists of 77 companies listed on the Indonesian Stock Exchange for the years 2021–2024. Secondary data is analyzed using the PLS-SEM method. This study focuses on the relationship between inflation and financial performance through the use of leverage. The research findings indicate that liquidity (Current Ratio) has a negative and significant impact on financial performance, whereas inflation and leverage do not. Additionally, leverage does not address the relationship between inflation and liquidity with regard to financial performance. This indicates that excessive liquidity might reduce business efficiency. In order to obtain more comprehensive results, subsequent research is advised to increase sample size and incorporate more variables.
Peran Literasi Keuangan dalam Memediasi Gaya Hidup Konsumtif dan Financial Self-Efficacy Terhadap Financial Well Being Mahasiswa di Kota Semarang A’ida Fitriani; Diana Puspitasari; Amalia Nur Chasanah; Pradana Jati Kusuma
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11749

Abstract

This study aimed to examine the relationship between a consumptive lifestyle and financial self-efficacy on the level of financial well-being of students in Semarang City, placing financial literacy as an intermediary variable. The approach used was quantitative with a survey design, involving 210 active students who were selectively determined through a purposive sampling technique. The data obtained were then analyzed using the Partial Least Squares–Structural Equation Modeling (PLS-SEM) method with the help of the SmartPLS 3 application. The research findings indicate that financial self-efficacy plays an important role because it is proven to have a positive and significant influence on both financial well-being and financial literacy of students. On the other hand, a consumptive lifestyle also shows a positive and significant influence on financial well-being, but does not have a significant relationship with the level of financial literacy. Furthermore, financial literacy is not proven to have a significant effect on financial well-being and therefore is unable to mediate the relationship between a consumptive lifestyle and financial self-efficacy with financial well-being. From a theoretical perspective, these results confirm that psychological aspects reflected in an individual's self-confidence regarding financial management have a more dominant role than mere knowledge. Therefore, in practice, universities and related parties are advised to not only focus efforts on improving financial literacy, but also develop programs aimed at strengthening students' self-confidence in managing finances wisely and sustainably.
Pengaruh Loan Disburesement, Non – Performing Loan (NPL), dan Current Account Saving Account (CASA) Rasio Terhadap Profitabilitas Bank Himbara dan Bank Asing Ghefira Nida Aulia; Maria Safitri; Agus Prayitno; Diana Puspitasari
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 8 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i8.11998

Abstract

This study aims to determine the effect of the amount of credit disbursed (Loan Disbursement) based on economic sectors, non-performing loans (NPL), current accounts - savings accounts (CASA) on the profitability of national banks and foreign banks operating in Indonesia. The approach used is descriptive quantitative research. The data sources used in this study come from financial reports and annual reports in the banking sector. The collected data were analyzed using IBM SPSS Statistics 26 statistical software by looking at descriptive statistical tests, classical assumption tests and multiple regression analysis. The results of the study prove that only credit disbursement in the service and business sectors has a positive and significant effect on ROA, while credit disbursement in the construction, trade, and agriculture sectors has a positive but insignificant effect, and credit disbursement in the mining sector has a negative and insignificant effect. NPL has a negative but insignificant effect on ROA, while CASA has a positive and significant effect on ROA. This study confirms that bank profitability is not only determined by the volume of credit disbursement and asset quality, but is also greatly influenced by the efficiency of the funding structure as reflected in the large proportion of CASA funds. Therefore, a banking strategy focused on quality credit growth in productive sectors, consistent NPL control, and increasing the proportion of CASA funds are key factors in strengthening banking financial performance in the long term.
PENGARUH LITERASI KEUANGAN, LITERASI DIGITAL DAN PERSEPSI RISIKO TERHADAP PENGGUNAAN MOBILE BANKING DI KALANGAN MAHASISWA SEMARANG Vania Puspita Sari; Dwi Eko Waluyo; Dian Prawitasari; Diana Puspitasari
OIKOS: Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi Vol 10 No 1 (2025): OIKOS: Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi
Publisher : Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Kemajuan teknologi telah banyak mengubah sistem transaksi keuangan, termasuk munculnya mobile banking—platform digital yang memungkinkan pengguna melakukan aktivitas keuangan secara mudah memakai smartphone. Riset ini mengkaji pengaruh literasi keuangan, literasi digital, dan persepsi risiko pada penggunaan mobile banking pada mahasiswa di Kota Semarang. Tujuan penelitain untuk mengetahui pengaruh literasi keuangan, literasi digital dan persepsi risiko terhadap penggunaan mobile banking di kalangan mahasiswa semarang. Dengan menggunakan metode deskriptif kuantitatif, data dikumpulkan melalui kuesioner online yang disebarkan via Google Forms dengan skala Likert 5 poin. Teknik pengambilan sampel yang diterapkan yakni purposive sampling dan menghasilkan 272 respon valid. Data dianalisis memakai SPSS versi 25 melalui metode regresi linear berganda. Hasil riset memaparkan bahwasannya literasi keuangan, literasi digital, serta persepsi risiko memiliki pengaruh positif serta signifikan pada penggunaan mobile banking, dengan literasi keuangan sebagai faktor yang paling berpengaruh. Secara bersama-sama, ketiga variabel tersebut menjelaskan 88% variasi penggunaan mobile banking, sementara 12% sisanya dipengaruhi oleh faktor lain yang tidak diriset pada studi ini. Saran pada penelitian berikutnya sampel penelitian lebih dari satu daerah dan bisa menambahkan jumlah variabel seperti, harapan kinerja, nilai pribadi dan kepercayaan, kemudahan dalam bertransaksi, dan efektivitas finansial mandiri yang menjadi faktor untuk mempengaruhi penggunaan mobile banking.
Peran Kontrol Diri Dalam Memediasi Hubungan Penggunaan Media Sosial Dan E-Wallet Terhadap Perilaku Konsumtif Masyarakat Di Kabupaten PATI Ilham Tri Laksana; Diana Puspitasari; Linda Ayu Oktoriza; Pradana Jati Kusuma
Jurnal Ekuilnomi Vol. 8 No. 1 (2026): Ekuilnomi Vol 8(1), Feb 2026
Publisher : Program Studi Ekonomi Pembangunan Fakultas Ekononomi Universitas Simalungun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36985/k7he3582

Abstract

Penelitian ini bertujuan menganalisis pengaruh media sosial dan e-wallet terhadap perilaku konsumtif dengan kontrol diri sebagai variabel mediator. Penelitian menggunakan pendekatan kuantitatif dengan metode survei terhadap 159 masyarakat Kabupaten Pati. Analisis data dilakukan menggunakan software SmartPLS 4 dengan pendekatan Structural Equation Modeling–Partial Least Squares (SEM-PLS). Hasil penelitian menunjukkan bahwa media sosial dan e-wallet berpengaruh positif terhadap perilaku konsumtif. Kontrol diri berpengaruh signifikan terhadap perilaku konsumtif serta memediasi pengaruh media sosial, namun tidak memediasi hubungan e-wallet dengan perilaku konsumtif. Temuan ini menegaskan pentingnya kontrol diri dalam merespons stimulus konsumsi digital
Tax Treaty Scrutiny, Proprietary Costs, and Offshore Disclosure in Emerging Markets Bangkit Dwi Prasetyo; Diana Puspitasari
Jurnal Inovasi Pajak Indonesia Vol. 2 No. 1 (2025): April
Publisher : Inovasi Analisis Data

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69725/jipi.v2i1.326

Abstract

Purpose – We investigate how tax treaty–related governance mechanisms affect firms' disclosure of offshore activities, considering the different incentives they have to avoid taxes. Design/methodology/approach – We examine structural relationships using a theory-based survey design and partial least squares structural equation modelling. Findings – Individuals who are knowledgeable about tax treaties are more likely to disclose offshore information. However, they are less likely to do so if they believe that this will result in information exchange, higher costs, or stricter scrutiny by tax authorities. There is also reason to believe that people are motivated to avoid sharing information, which may exacerbate the negative impact of the perception of information sharing on offshore information disclosure. This suggests that people make strategic decisions about transparency in the face of higher enforcement risk. However, the moderating impact of tax avoidance motives varies depending on the type of enforcement pressure, suggesting that firms at opposite ends of the spectrum respond differently to disclosure. Originality/value – This study integrates disclosure, tax avoidance, and enforcement theories, revealing how managerial treaty perceptions shape offshore disclosure incentives. Research Implications – The results suggest that working together on taxes might accidentally stop people from sharing information, especially when companies want to avoid taxes. This means we need to pay more attention to making sure people follow the rules, being open about what we're doing, and how managers behave, if we want to have a better global system.
Employee Voice Mechanisms, Voice Embeddedness, and Silence in Tax Professionals Radya Brian Aurelio; Diana Puspitasari
Jurnal Inovasi Pajak Indonesia Vol. 2 No. 1 (2025): April
Publisher : Inovasi Analisis Data

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69725/jipi.v2i1.328

Abstract

Purpose – Building on social exchange theory and emotional dissonance hypothesis, we draw overarching attention to how formality of employee voice mechanism shapes employee silence via perceived voice embeddedness, with the moderating role of power distance orientation in professional tax environment. Design/methodology/approach – The research is a quantitative survey design, performs the structural equation modeling and tests the moderated mediation model that intertwines MV mechanisms with embeddedness perceptions and cultural orientation. Findings – Results indicate the degree to which employee voice mechanisms uniformly eliminate silence. Their efficacy is contingent on whether employees believe that voice is actually embedded in organizational processes of decision making. Perceptual voice embednenss is central for those mechanisms of contact to be transformed into attenuated silence or pure symbolicity streamed from the speech chain. In addition, the hierarchical culture orientation attenuates the silence-mitigating effect of embedded voice, meaning that cultural context influences how employees react to formal voice channels. Originality/value – This study contributes to the employee voice literature by incorporating voice embeddedness as a crucial explanatory mechanism and by revealing its contingent effectiveness according to power distance orientation. It applies voice theory further to the professional tax contexts under-researched in previous studies. Research Implications – This finding underscores the need to look beyond the simple existence of voice mechanisms to how employees perceive their credibility and impact. The research highlights the necessity of combining institutional and cultural approaches to examine employee voice and silence in the future.
Policy and Ecosystem Pathways to Inclusive Women-Led Digital Venture Growth Muhammad Abiyan Hilal; Diana Puspitasari
Jurnal Inovasi Pajak Indonesia Vol. 2 No. 2 (2025): July
Publisher : Inovasi Analisis Data

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69725/jipi.v2i2.334

Abstract

Purpose – We can determine how sustainable business performance is in a female-led digital entrepreneurship ecosystem by focusing on resource access, digital capabilities, and the socio-institutional context, all at the same time.Design/methodology/approach – The interconnected drivers of resources, barriers, and context in determining sustainable entrepreneurship outcomes are analysed in this manuscript using a structural equation modelling strategy.Findings – The results show that access to financing, ecosystem support, and digital capabilities are important in improving sustainable business performance, whereas gender-based social norms and work-family role pressures act as barriers. The transformation of entrepreneurial resources into performance impacts is further strengthened by institutional trust and policy clarity, with the negative effects of structural barriers being mitigated. At the same time, the positive effects of resources are reinforced by entrepreneurial thinking that is focused on opportunities, while social and role constraints are negated. The interaction between external resources, institutional context, and internal entrepreneurial cognition is suggested as the source of sustainable business performance, rather than isolated determinants.Originality/value – This article contributes to entrepreneurship and sustainability studies by combining feminist, institutional, and digital capability perspectives within an integrated resource–barrier model that explicitly recognises context moderation mechanisms.Research implications – This contribution has implications for forward-looking theory in sustainable and inclusive entrepreneurship. It also has implications for designing policies and support systems. These encourage the development of women-led enterprises in emerging entrepreneurial contexts.
Pengaruh Literasi Keuangan, Lifestyle Hedonis dan Sikap Keuangan Pribadi terhadap Perilaku Keuangan Mahasiswa pengguna Shopee Paylater Sabrina Susanti; Linda Ayu Oktoriza; Diana Puspitasari; Vicky Oktavia
Paradoks : Jurnal Ilmu Ekonomi Vol. 9 No. 1 (2026): November - Januari
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v9i1.2217

Abstract

Teknologi digital yang terus berkembang telah mempengaruhi perilaku konsumsi masyarakat yang didukung dengan salah satu layanan yaitu Shopee Paylater yang memudahkan pengguna dalam bertransaksi. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, lifestyle hedonis, dan sikap keuangan pribadi terhadap perilaku keuangan mahasiswa pengguna Shopee Paylater di Fakultas Ekonomi dan Bisnis Universitas Dian Nuswantoro Semarang. Penelitian ini menggunakan pendekatan kuantitatif dengan data primer yang diperoleh melalui kuesioner sebanyak 190 responden menggunakan teknik pusposive sampling. Analisis data dilakukan dengan metode Partial Least Square-Structural Equation Modeling (PLS-SEM) menggunakan software SmartPLS versi 4. Hasil menunjukan bahwa literasi keuangan dan sikap keuangan pribadi berpengaruh positif dan signifikan terhadap perilaku keuangan mahasiswa pengguna Shopee Paylater. Lifestyle hedonis berpengaruh negatif dan signifikan terhadap perilaku keuangan mahasiswa pengguna Shopee Paylater. Hasil penelitian ini menegaskan relevansi Theory of Planned Behavior (TPB) pentingnya faktor kognitif dan psikologis dalam pengambilan keputusan finansial yang dipengaruhi oleh sikap dan pemahaman individu terhadap keuangan, serta dorongan gaya hidup hedonis. Temuan ini juga dapat menjadi rujukan bagi perguruan tinggi dan penyedia layanan Paylater dalam meningkatkan edukasi keuangan agar mahasiswa lebih bijak dalam pengambilan keputusan keuangan.
Co-Authors Abdillah, Mirza Farhan Acai Sudirman Adilla Kustya Ulfa Adrianno, Dunga Afrillya Margaretha Mangkawa Agung Prajanto AGUNG SEDAYU Agus Prayitno Agus Prayitno Agus Prayitno ALI MAHFUD Ali, Luthfi Gosan Alinda Nisa Almira Santi Samasta Almira Santi Samasta Amalia Nur Chasanah Amelia Nur Chasanah Amron Amron, Amron Ana Kadarningsih Annida Salsabila, Nayla Aprih Santoso Apta, Sabela Araminta Ariati Anomsari Ariati Anomsari Ariati Anomsari Ariati Anomsari Arum S, Nurlita Atthariq, Adlan Jingglang Azhar, Avantika Zackey A’ida Fitriani Bangkit Dwi Prasetyo Butarbutar, Marisi Claudia riska, Riska claudia Dellya Dievha Paramytha Devi Atalia Zahra Devika Widari Dian Indriana Hapsari Dian Prawitasari Dian Prawitasari Dina Ruslanjari Dwi Eko Waluyo Dwi Widi Pratito Dwianto, Agus Edy Suryawardana Elsa Amitha Mutiara Emira Imania Utami Endang Retno Wedowati Erfina Vesnia Budiyanti Erma Setiawati Ermasanti Mahmudah Fahmi Wardhani, Masitha Fakhmi Zakaria Fatah Nur Abdul Aziz Fatimah, Shela Feby Aulia Marsida Fery Riyanto Fitria Nur Indah Djafar Fungki Sri Rejeki Galih Sephiani Rafika Duri Ghefira Nida Aulia Guruh Taufan Hariyadi Gutama, Zulfikar Haningtyas, Selly Lofiana HARTINA Heri Widodo Herry Subagyo Hertiana Ikasari Herwening Sindu Lestari Hizkia Bagus Pambudi Ibrahim, Nor Fauziana Ida Farida Ika Rahma Aulia Ilham Tri Laksana Jati Kusuma, Pradana Juwariyah, Nurul Kayla Nur Puji Anisa, Zahara Keisha Nabiila Endriani Kejora Handarini Krisnando, Febrian Kurnia Tri Kusuma , Pradana Jati Kusuma, Pradana Jati Lenni Yovita Lestari, Herwening Sindu Lia Nur Hidayati Linda Ayu Oktoriza Linda Oktariza Lukman Jakfar Shodiq M Ainun Naim Made Gede Wirakusuma Maria Safitri Marshal Attarik, Muhammad Marta Erin Anggraini Mashita Fahmi Wardhani Masitha Aulia Putri Masitha Fahmi Wardhani Mayashanti, Helisa Angela Mila Sartika, Mila Misli, Nurul Auliatul Monica Dwi Handayani Muhammad Abiyan Hilal Mujib, Miftachul Mustika, Wida Mutiara, Elsa Amitha Nanda Adhi Purusa Novasari, Linda Ayu Oktoriza Novi Mega Srianti Nur Hasan Nurul Aisyah Nurul Juwariyah Oktariza, Linda Ayu Oktavia, Vicky Oktoriza, Linda Ayu Piji Pakarti Pradana Jati Kusuma Pradana Jati Kusuma Pradana Jati Kusuma Pramesti, Yessy Levina Prawitasari, Dian Puteri Kusuma Dewi Putri Sesar Setyaningtyas Radya Brian Aurelio Rahmiati, Retnani Ramadlon, Bagus Iqbal Ratna Herawati Ratna Herawati Risanda Alirastra Budiantoro Riska Dwi Amelia Rita Meiriyanti Rizky Amelia Rizky Aurinaya, Angelia Rokhimah, Zulaika Putri Roymon Panjaitan Rudi Kurniawan Rudi Kurniawan Sabrina Susanti Safitri, Maria Samasta, Almira Santi Satria Afif Naufal Pramudya Setiawan, Aries Setyahuni , Suhita Whini Setyahuni, Suhita Shafira Ayu Rachmawati Sherly Simarmata, Okta Naomilyanika Suhita Whini Setyahuni Suhita Whini Setyahuni Susanto, Andito Wibisono Putra Syifa Isfahan, Amelia Tazkiyya, Iffa Tegar Bello Karno Titik Yektiningtyas Tito Aditya Perdana Tongam Sihol Nababan Tri Rinawati Vania Puspita Sari Vicky Oktavia Vicky Oktavia Wahyu Kinasih Wanda Nugroho Yanuarto Whini Setyahuni, Suhita Widya Latief, Indha Maharani Widya, Sukma Widyakto, Adhi Widyanarko, Unggul Widyaswati, Rahmatya Widyawati , Raneta Puspita Witjaksono EH Witjaksono Eko Hartoto Yenny Ernitawati Yohan Wismantoro Yovita, Lenni Yudi Suryadi Yusuf, Muhammad Syaifulloh Zamani, Daffa Ulya Zulaika Putri Rokhimah Zulaika Putri Rokhimah