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The Profitability, Firm"™s Size, Dividend Payout Ratio and Firm"™s Value: Capital Structure Intervention Rahmawati, Christina Heti Tri
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol. 9 No. 3 (2020): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tanjungpura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v9i3.39765

Abstract

This research aims to investigate the influence of profitability, firm"™s size, and dividend payout ratio towards firm"™s value with the capital structure as the intervening variable. The samples employed were the manufacturing companies registered in Indonesia Stock Exchange from 2016-2018. The statistic method used to investigate the hypothesis was a path analysis. The result of the hypothesis investigation proved that the profitability brought significant negative influence towards capital structure, the firm"™s size and dividend payout ratio brought insignificant influence towards capital structure; the profitability, firm"™s size, dividend payout ratio, and capital structure brought significant positive influence towards the firm"™s value. On the other hand, the intervening testing results proved that the capital structure intervened in the influence of the profitability towards the firm"™s value, and the capital structure did not intervened in the influence of the firm"™s size and dividend payout ratio towards the firm"™s value. Being able to pick stocks with profitability value and high dividend payout ratio and choosing a large-scale company are the research implications for investors to scale up the firm"™s value. Furthermore, companies can increase profitability, pay higher dividend, and choose a large-scale company by balancing the capital structure, so that firm"™s value increases.
The Influence of Financial Literacy on Green Investment Decisions Theodorus Sutadi; Tri Rahmawati, Christina Heti
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 6 (2024): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah (in Press)
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v6i6.1340

Abstract

This research aims to determine the influence of financial literacy on green investment decisions. The research sample for part of the Z generation in Yogyakarta was 100 respondents. The data analysis technique used was purposive sampling. The data analysis technique uses simple linear regression analysis. The research results show that financial literacy influences green investment decisions. The implications of the results of this research are that the higher the financial literacy, the higher the green investment decisions so that people's welfare increases.
The mediating role of spiritual leadership in the effect of organizational culture on organizational citizenship behavior Hadi Purnomo; Christina Heti Tri Rahmawati; Tri Ratna Purnamarini; Ignatius Soni Kurniawan; M. Edhie Hartono
PHINISI Vol.3, No.2 (2026): May 2026
Publisher : Indonesia Research and Study Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64282/phi.v3i2.129

Abstract

Employee voluntary behavior or Organizational Citizenship Behavior (OCB) is highly needed by companies because it can encourage organizational progress and development in the future. Therefore, companies need to pay attention to various factors influencing OCB, one of which is organizational culture. A strong organizational culture is believed to shape positive employee behavior, including the willingness to contribute beyond formal job responsibilities. In addition, spiritual leadership is also considered an important factor in enhancing OCB, although its role as a mediating variable remains debated in previous studies. This study aims to examine the factors that encourage employees to demonstrate voluntary behavior or OCB. The study employed a quantitative approach using primary data obtained through questionnaires distributed to all employees of PT Catur Kencana Manajemen, involving 52 respondents through a census technique. Based on the testing results using SmartPLS, it was found that organizational culture and spiritual leadership have a positive effect on employees’ OCB.  
Factors Affecting Student’s Financial Literacy (A Study on the Students of the Faculty of Economics and the Faculty of Science and Technology of Sanata Dharma University Yogyakarta) Erren Egesta; Caecilia Wahyu Estining Rahayu; Christina Heti Tri Rahmawati
Media Ekonomi dan Manajemen Vol 36, No 1 (2021): January 2021
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (434.225 KB) | DOI: 10.24856/mem.v36i1.1577

Abstract

This study aims to determine 1) the factors that affect students' financial literacy. The factors include gender, Grade Point Average (GPA) and allowance; 2) the differences in financial literacy between students of the Faculty of Economics and students of the Faculty of Science and Technology. The population in this study were active students from batch 2014-2017 of the Faculty of Economics and the Faculty of Science and Technology, Sanata Dharma University. The sampling technique employed was purposive sampling. The data analysis methods were the Chi-Square test and the Two Independent Sample Test with Mann Whitney Test. The test results show that 1) GPA factor significantly influences students' financial literacy,2) gender and allowance do not affect students' financial literacy,3) there are differences in financial literacy between students of the Faculty of Economics and the Faculty of Science and Technology, in which students of the Faculty of Economics have higher financial literacy level.
The Effect of Financial Literacy Level and Demographic Factors on Investment Decision Deavicris Ari Senda; Caecilia Wahyu Estining Rahayu; Christina Heti Tri Rahmawati
Media Ekonomi dan Manajemen Vol 35, No 1 (2020): Competitive Challenges Facing Indonesia in the Global Economy
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (377.918 KB) | DOI: 10.24856/mem.v35i1.1246

Abstract

The aim of this research is to find out the effect of financial literacy level and demographic factors on investment decision on government employees in Kalibawang Community Health Center, Kulon Progo, Yogyakarta. The population of this research is the government employees in Kalibawang Community Health Center, 29 of them are treated as the sample of this research. The sampling technique used in this research is purposive sampling. The respondents are those who  have  been  doing  investment. The data used in this research are collected with questionnaires. The data analysis technique used in this research is the Chi Square test. The result shows that financial literacy does not affect investment decision. However, out of the demographic factors, only age, income and investment experience affect  investment decision. Meanwhile, the others demograpic factors such as gender and education do not affect investment decision.
Adoption of Family Financial Management Strategy Towards Financial Resilience Christina Heti Tri Rahmawati; Caecilia Wahyu Estining Rahayu; Lukas Purwoto; Josephine Wuri
IMPACTS: International Journal of Empowerment and Community Services Vol. 3 No. 2 (2025)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v3i2.19474

Abstract

Purpose ­ Family financial management as a process of managing income, expenses, savings, and investments related to financial resources so as to improve family welfare. The higher the income, the better the quality of family life. However, in reality, the amount of money owned does not necessarily guarantee financial resilience. Families with healthy financial conditions have the potential to achieve more. This community service activity raises the problems faced by Principal Teachers from kindergarten to junior high school levels at a private foundation in the Special Region of Yogyakarta Province in facing increasingly complex economic challenges, where not only is there a lack of financial management knowledge but also an inability to plan savings, debt management, lack of understanding of investment, and limited access to information related to finance. Therefore, the adoption of a family financial management strategy is important so that it can improve family financial resilience. This counseling activity aims to provide an understanding of the importance of adopting a family financial management strategy as the main pillar so that sustainable financial resilience can be achieved. Methods - This outreach activity was carried out with a holistic approach that combines educational, participatory, and collaborative aspects regarding the adoption of family financial management strategies for Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province so that they can achieve sustainable financial resilience. The method is designed to ensure in-depth understanding and real application in everyday life. Result and discussions - The results of the counseling are expected to improve the understanding of adopting family financial management strategies for Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province. Concrete achievements include the ability to have emergency funds of 3 to 6 times monthly income, loan installments of no more than 35% of monthly income, and the ability to save at least 10% of income every month. Conclusion – The implication of the results of this community service activity is that it is hoped that Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province can adopt family financial management strategies so that they can achieve sustainable financial resilience that has an impact on family welfare.
Firm Value Analysis in SRI-KEHATI Index: Carbon Emission Disclosure, Green Investment, and Green Innovation Impact Christina Heti Tri Rahmawati; Albertus Yudi Yuniarto; Claudia Kristina Dwinovianti Mitang
International Journal of Applied Business and International Management Vol 11, No 2 (2026): August 2026
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijabim.v11i2.4611

Abstract

Sustainable Development Goals (SDGs) are a global commitment including Indonesia to overcome the world's biggest problems so as to create a better and more sustainable world. Therefore, handling climate change is the main assessment of companies in increasing firm value, so that companies have a role and participation to support environmental sustainability through carbon emission disclosure, green investment, and green innovation which ultimately strengthens the company's financial performance towards sustainable investment. The research sample comprises 120 entities that fulfil the criteria, specifically those listed on the Indonesia Stock Exchange and indexed by the Sustainable and Responsible Investment-Indonesian Biodiversity Foundation (SRI-KEHATI) from 2020 to 2024. The data analysis method employed was Partial Least Squares. The study's findings indicate that carbon emission disclosure does not impact firm value, green investment and green innovation influence firm value, financial performance does not enhance or diminish the effect of carbon emission disclosure on firm value, and financial performance amplifies the effect of green investment and green innovation on firm value. The implications of the study for investors are expected to be used as a basis for decision making that supports sustainable investment.
Entrepreneurship Assistance to Increase Omak Kopi’s MSME Income In The New Normal Era: Article Christina Heti Tri Rahmawati; Rubiyatno Rubiyatno; Theodorus Sutadi; Trisnawati Rahayu
IMPACTS: International Journal of Empowerment and Community Services Vol. 1 No. 1 (2022)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v1i1.12995

Abstract

Purpose ­ This community service raises the problems faced by a coffee shop business called Omak Kopi. Based on interviews, there are several problems experienced by the owners of these Micro, Small and Medium Enterprises (MSMEs), namely the management of business legality and product marketing. Methods - The method used in this community service activity is to provide understanding and awareness to MSME actors about the importance of having business legality, providing entrepreneurial assistance in the form of business models, and providing product marketing assistance through social media. Result and discussions - The results of community service activities for MSME Omak Kopi include: (1) This MSME has business legality: (2) This MSME has a business capital canvas to develop a business; and (5) these MSMEs have business signage and use social media Whatsapp and Instagram as well as online food delivery service platforms through Grab Food and Go Food to increase product marketing. Conclusion - The implication of this community service activity is that it is hoped that the existence of entrepreneurship assistance can facilitate Omak Kopi SMEs to manage patent rights, business development and increase income and business continuity, especially in the new normal era. Keywords: Business Legality, Entrepreneurship, Marketing, Income
The Maximization of Digital Marketing and Business Legality in the Development of De Thela Msme in the New Normal Era: Article Christina Heti Tri Rahmawati; Rubiyatno; Theodorus Sutadi; Florentinus Nugro Hardianto
IMPACTS: International Journal of Empowerment and Community Services Vol. 1 No. 2 (2023)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v1i2.13674

Abstract

Purpose ­ One of the business sectors that has a quite important role for the national economy and has contributed to the absorption of labor and the distribution of development results is Micro, Small and Medium Enterprises (MSMEs). In the new normal era (Adaptation of New Habits) increasing the ability to use digital marketing will be able to help businesses deal with economic pressures, due to the Covid 19 pandemic which has caused a decrease in people's purchasing power where many people have shifted to buying online. In addition, in running a business, it is necessary to have complete documents or business legality. Likewise, De Thela's MSMEs based on observations have problems in terms of their limited ability to use digital marketing and do not yet have business legality. Therefore, assistance is needed to overcome these MSME problems through digital marketing assistance through social media and the importance of having legality in developing a business. Methods – The methods used in the implementation of community service include problem identification, preparation, assistance, monitoring and evaluation of assistance. Result and discussions – This community service activity has yielded results for De Thela's MSMEs including (1) De Thela's MSMEs have created social media content and joined the Shopee Food and Tukoni marketplaces so they can expand product marketing; and (2) UMKM De Thela has business legality by obtaining a Business Identification Number (NIB). Conclusion – The results of this community service activity have implications where it is hoped that digital marketing assistance and business legality will make it easier for De Thela's MSMEs to develop businesses and increase sales and business sustainability, especially in the new normal era.
Empowerment of Karang Taruna in the Kali Gajah Wong Tourism Village through Increasing Literacy and Financial Inclusion Christina Heti Tri Rahmawati; Ima Kristina Yulita; Firma Sulistiyowati; Aurelia Melinda Nisita Wardhani
IMPACTS: International Journal of Empowerment and Community Services Vol. 2 No. 1 (2023)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v2i1.15968

Abstract

Purpose ­ This service activity raises the problems faced by the Kali Gajah Wong Tourism Village, where based on interviews with youth organizations as managers of the tourist village, so far the business financial management of this tourist destination has separated business and personal finances, but this has not been done regularly so it has not fulfilled the expected desires. from donors or the government who will increase capital. Therefore, financial management is important to develop this tourist destination. This mentoring activity aims to provide an understanding of financial literacy and inclusion so that tourist destination managers do not experience financial difficulties and can allocate income across various investment instruments. Methods - This activity was carried out using mentoring methods and continued sharing from the tourist village management. Result and discussions - The results of the assistance to the youth organization in the Kali Gajah Wong Tourism Village went smoothly and according to what had been planned, it went well and according to plan. The managers of this tourist village increasingly have a good understanding of financial literacy and inclusion and are able to separate personal and business finances, and can manage business finances more transparently. Conclusion – The implication of the results of this service activity is that it is hoped that tourist village managers can increase their understanding of financial literacy and inclusion so that they can improve business financial management and ultimately increase the income and welfare of the local community.