Garuda - Garba Rujukan Digital

ANALISIS STRATEGI DIGITAL UNTUK PENINGKATAN KEUNGGULAN KOMPETITIF DALAM RANGKA IMPROVISASI KINERJA KEUANGAN UMKM Nurmalasari, Nunik; Widarwati, Estu; Audina, Revina Nita; Apriandi, Devy Widya; Bismantara; Holle, Mohammad. H
AMAL: Jurnal Ekonomi Syariah Vol. 6 No. 1 (2024): June 2024
Publisher : IAIN Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33477/eksy.v6i1.7124

Micro, Small and Medium Enterprises (MSMEs) have a major role in most economies in developing countries and their improvisation is determined by the Government's commitments. MSMEs have been impacted by the Covid 19 Pandemic so their financial performance had decreased due to the government policy in the imposition of restrictions on community activities (PPKM). MSMEs' financial performance can be determined by MSMEs' strategies and one of popular is the digital implementation in their business process for increasing the competitive advantage. This study aims to examine the role of digital strategy on financial performance that is mediated by competitive advantage in MSMEs. The sample selected owner MSMEs as respondents from some sub-districts of Subang. The questions are analyzed by the Method of Successive Interval (MSI), then processed with the regression model and Sobel test for testing the hypotheses. The results showed that MSME’s digital strategy has significant impact on incresing their competitive advantage. Furthermore, MSMEs’s financial performance depend on their quality of digital strategy and competitive advantage. The implication of finding is that MSMEs must be able to optimize their digital strategies for taking a lot of opportunities from their competitive advantages to improve the financial performance. Keywords: Strategy Digital, Competitive Advantage, Financial Performance, MSMEs

Green investment and firm value: Does corporate governance matter? Widarwati, Estu; Rohmah, Nabila Nur; Wityasminingsih, E; Nurmalasari, Nunik; Apriandi, Devy Widya; Sopiawadi, Mutqi
Journal of Accounting and Investment Vol. 25 No. 3: September 2024
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v25i3.22159

Research aims: This study examines the effect of green investment on firm value with corporate governance moderation.Design/Methodology/Approach: Green investment is proxied by the green-firm investment ratio, Tobin's Q measures firm value, and corporate governance is proxied by board size. The sample is 34 companies receiving PROPER awards listed on the IDX for the 2017-2021 period from the primary material, consumer non-cyclical, and consumer cyclical sectors. The data were analyzed using panel data regression, T-test, and moderate regression analysis tests.Research findings: The results showed that green investment positively affects firm value. Meanwhile, this study has not found strong evidence about the moderation role of board size in the effect of green investment and firm value.Theoretical contribution/Originality: This research strengthened previous empirical evidence that companies' implementation of green investment activities will impact increasing firm value and board size as part of effective governance needs to be paid attention.Practitioner/Policy implication: This research has implications for companies to include green investment as an important investment decision because it is proven to be an advantage for companies to increase their valueResearch limitation/Implication: This research's determining factor for firm value is only green investment, and the corporate governance proxy only uses board size. Therefore, it is hoped that future research can explore other new models that consider industry characteristics, economic conditions in the research period, and other measures of the variables studied.

Green investment and firm value: Does corporate governance matter? Estu Widarwati; Nabila Nur Rohmah; E Wityasminingsih; Nunik Nurmalasari; Devy Widya Apriandi; Mutqi Sopiawadi
Journal of Accounting and Investment Vol. 25 No. 3: September 2024
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v25i3.22159

Research aims: This study examines the effect of green investment on firm value with corporate governance moderation.Design/Methodology/Approach: Green investment is proxied by the green-firm investment ratio, Tobin's Q measures firm value, and corporate governance is proxied by board size. The sample is 34 companies receiving PROPER awards listed on the IDX for the 2017-2021 period from the primary material, consumer non-cyclical, and consumer cyclical sectors. The data were analyzed using panel data regression, T-test, and moderate regression analysis tests.Research findings: The results showed that green investment positively affects firm value. Meanwhile, this study has not found strong evidence about the moderation role of board size in the effect of green investment and firm value.Theoretical contribution/Originality: This research strengthened previous empirical evidence that companies' implementation of green investment activities will impact increasing firm value and board size as part of effective governance needs to be paid attention.Practitioner/Policy implication: This research has implications for companies to include green investment as an important investment decision because it is proven to be an advantage for companies to increase their valueResearch limitation/Implication: This research's determining factor for firm value is only green investment, and the corporate governance proxy only uses board size. Therefore, it is hoped that future research can explore other new models that consider industry characteristics, economic conditions in the research period, and other measures of the variables studied.

Corporate Investment and Corporate Performance: Do Crisis Matter? Widarwati, Estu; Nugraha, Muhamad Mugi; Nurmalasari, Nunik; E. Wityasminingsih, E. Wityasminingsih
Jurnal Kajian Akuntansi Vol 7 No 2 (2023): DESEMBER 2023
Publisher : Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/jka.vol7.no2.a18

Corporate performance is an achievement of success from a series of corporate activities in several predetermined strategies. Investing in goods and capital increases the firm's value and therefore the firm's performance will be different during the economic crisis and normal conditions. The study aims to examine the relationship between corporate investment and corporate performance. Furthermore, this study also does a different test of the corporate investment effect on corporate performance between the normal and crisis periods. We use the Capital Expenditure and Net Working Capital as measurements of corporate investment and firm performance proxied by operating profit margin. The sample used are 243 non-financial industries firms listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period, then there is 1215 observation data. The data were analyzed descriptively, and then panel data regression was used for testing the hypotheses. The results showed that the company's investment had a positive effect on the company's performance and there was a significant difference in these influences in both normal and crises periods. This finding has implications that companies can continue investing to improve their performance with economic growth as main consideration for investment decision-making.

THE ROLE OF GREEN INVESTMENT ON SUSTAINABLE PERFORMANCE WITH FINANCIAL PERFORMANCE AS A MEDIATING VARIABLE (CASE STUDIES ON MANUFACTURING INDUSTRIAL COMPANIES LISTED ON THE IDX FOR THE 2018-2022 PERIOD) Nunik Nurmalasari; Sri Dwi Kania
Seminar Nasional Pariwisata dan Kewirausahaan (SNPK) Vol. 3 (2024): APRIL
Publisher : Sahid University Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36441/snpk.vol3.2024.281

Dalam pengelolaan keuangan terdapat keputusan-keputusan penting yang harus diambil, salah satunya adalah keputusan investasi. Keputusan investasi merupakan kebijakan investasi perusahaan, salah satunya adalah aset keuangan. Ketika suatu perusahaan mempunyai strategi untuk mengembangkan investasinya melalui green investment, maka keberlanjutan perusahaan ditentukan oleh pemangku kepentingan seperti investor, karyawan, pembeli, masyarakat, dan pemerintah. Penelitian ini menguji pengaruh green investment terhadap sustainable performance melalui financial performance sebagai variabel mediasi. Teknik pengambilan sampel yang digunakan adalah non-probability sampling dengan pendekatan purposive sampling. Jumlah sampel dalam penelitian ini adalah 11 perusahaan industri manufaktur yang terdaftar di Bursa Efek Indonesia periode 2018-2022. Penelitian ini menggunakan analisis regresi linier sederhana dengan pengujian hipotesis menggunakan program Eviews. Hasil penelitian menunjukkan bahwa; green investment berpengaruh terhadap financial performance, financial performance berpengaruh terhadap sustainable performance, namun green investment tidak berpengaruh terhadap sustainability performance, dan financial performance tidak dapat memediasi hubungan antara green investment dengan sustainable performance.

THE EFFECT OF FINANCIAL INCLUSION ON STABILITY OF SHARIA BANKING IN INDONESIA Pindy Kurnia Virda; Estu Widarwati; Nunik Nurmalasari
DIMENSIA (Diskursus Ilmu Manajemen STIESA) Vol. 16 No. 2 (2019): September
Publisher : STIESA Press

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Financial inclusion began as a consequence of 2008 crisis. This is because there are still many people who are classified as unbanked. Indonesia is a country with a high unbanked population. Providing an ease of banking access, unbanked community can affect the stability of sharia banking as one of the formal financial institutions. The objective of this research is to find out the effect of financial inclusion on stability of sharia banking in Indonesia. This research is a quantitative research using one dependent variable that is Non Performing Financing as proxy of syariah banking stability and two independent variable that is SMEs Small Medium Enterprises Loan as proxy of financial inclusion and variable of deposit. The data used in this research is obtained from the Annual Report of Banking Company Publication from each company webpage. Purposive Sampling method used in this research is 5 syariah bank in Indonesia in 2011-2016, total observation unit is 30. The type of data used is secondary data, which is a combination of time series and cross section. The statistical tools used are Eviews Version 9 and SPSS 22. The results showed that the deposit variable as a proxy of financial inclusion affects the financial system stability and financing of umkm has no effect on the stability of the financial system. The coefficient of determination that shows the influence of deposits and financing umkm to the stability of the financial system by 39.25%, while the remaining 60.75% is explained by other variables outside the model.

ANALYSIS OF CORPORATE SOCIAL RESPONSIBILITY IN FINANCIAL PERFORMANCE (CASE STUDY OF AIRASIA MALAYSIA) Nanda Arif Wicaksana; Estu Widarwati; Nunik Nurmalasari
DIMENSIA (Diskursus Ilmu Manajemen STIESA) Vol. 17 No. 1 (2020): Maret
Publisher : STIESA Press

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This study aims to explain the role of corporate social responsibility (CSR) on the financial performance of a case study of the airline company Airasia Berhad This research data collection method is a literature study, and researchers obtain information from Airasia Berhad's annual report. based on the results of this study CSR has an important role on financial performance with the reputation and achievements of companies that care about the environment to be more value for stakeholders in considering buying company shares so that it has an impact on rising company stock prices.

ANALYSIS OF THE DIFFERENCE OF GREEN FINANCING APPLICATION OF COMPANY PERFORMANCE PT. AIR ASIA Berto Berto; Estu Widarwati; Nunik Nurmalasari
DIMENSIA (Diskursus Ilmu Manajemen STIESA) Vol. 17 No. 1 (2020): Maret
Publisher : STIESA Press

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The purpose of this research is to analyze the implementation of green financing and to find an impact of application of green financing toward earning pt.airasia. Industri activities oftentimes give some bad impact to environment surrounding. Green financing is a Financing or lending to businesses that are environmentally friendly. The implementation of green financial can give good image for the company however preliminary research found not many companies are implementing green financial. This research will use quantitave approach and different test or paired T-test will use for statistical testing, in order to test the research assumptions. Variable of this research are Green financial and Earning. This research is expected will contribute for the development of green financial theory and enhancement of the implementation of green financial especially in airline on Asian Economic community era.

THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY ON MALAYSIA AIRLINES INVESTMENT DECISIONS Melia Santi; Nunik Nurmalasari
DIMENSIA (Diskursus Ilmu Manajemen STIESA) Vol. 17 No. 2 (2020): September
Publisher : STIESA Press

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The aims of this study is to empirically prove the influence of Corporate Social Responsibility on investment decisions in Malaysian airlines. the results of this study can be used as information for investors when buying shares in a company when investing. The analytical tool used in this study uses a simple linear regression analysis method through tests of normality, autocorrelation, t test and coefficient of determination. The population in this study are all AirAsia BHD financial statements from the IPO to the present. The sample used in this study is AirAsia's BHD financial statements starting from 2014-2018. The data used in this study are secondary data, namely AirAsia BHD financial statements and information relating to the company through the website. Based on the results of the study found that disclosure of Corporate Social Responsibility has no effect on investment decisions.

THE EFFECT OF FINANCIAL PERFORMANCE ON COMPANY VALUE OF PT YAKULT SEREMBAN SDN., BHD WITH CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AS A MODERATING VARIABLE Sri Mulyani; Nunik Nurmalasari
DIMENSIA (Diskursus Ilmu Manajemen STIESA) Vol. 17 No. 2 (2020): September
Publisher : STIESA Press

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The purpose of this study is to examine the effect of financial performance (ROA) toward the corporate value and to examine the effect of cost allocation of corporate social responsibility (CSR) in moderating the relationships of financial performance toward the corporate value of Yakult Seremban SDN., BHD. In the analysis of the data, multiple regretion analysis is used to determine the effect of variables involved in this study. The results of the study show that partially financial performance (ROA) does not significantly affect the corporated value. Furthermore, corporate social responcibility does not to partially moderate the effect of the financial performance relationships toward corporate value. This research uses descriptive verification research with quantitative approach. The data used secondary data sourced from the annual report yakutl honsha., CO.BHD. population of yakult honsha financial report research, with sample 2014-2018 financial statements. the variables in this study are independent, independent and moderating variables.

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