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Analisis Pengaruh Intellectual Capital terhadap Financial Performance Perusahaan Energi di Indonesia Putri, Shieny Tan; Hesniati, Hesniati
Jurnal Maksipreneur Vol 14 No 1 (2024)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i1.1266

Abstract

This study was conducted to determine the effect of intellectual capital on the financial performance of Indonesian companies engaged in the energy sector. This study is a causal-comparative study with company performance as the dependent variable, and intellectual capital efficiency (ICE) as the independent variable consisting of human capital efficiency (HCE), structural capital efficiency (SCE), relational capital efficiency (RCE), and capital employed efficiency (CEE). This study also uses two control variables, i.e. leverage and size. The sample studied was 21 Indonesian companies listed in the energy sector on the Indonesia Stock Exchange (IDX) which were obtained through the purposive sampling method. This study uses secondary data in the form of the company's annual financial reports for five years (2016-2020). The data were analyzed using the panel data regression analysis method, and the results of the analysis found that the independent variable that had a significant and positive effect on company performance was relational capital efficiency (RCE) while the influence of other variables was found to be insignificant.
Apakah Faktor Demografi Mempengaruhi Minat Investor Lokal pada Pasar Modal Internasional? Analisis yang Dimoderasi oleh Literasi Keuangan Angelina, Winna; Budiman, Johny; Hesniati, Hesniati
Eqien - Jurnal Ekonomi dan Bisnis Vol 14 No 2 (2025): Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Islam DR KH EZ Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34308/eqien.v14i2.2021

Abstract

The rapid growth of investment activities in national and international capital markets has significantly increased the number of investors competing for financial stability. Each investor has different investment decision-making preferences, influenced by various internal and external factors. This study focuses on internal factors in the form of demographic characteristics of local investors, such as gender, risk tolerance, religiosity, and income, complemented by financial literacy as a moderating variable. The purpose of this study is to evaluate the extent to which these factors can influence investment decision-making in international capital markets, which tend to be more complex. The research data was collected by distributing questionnaires to 280 respondents who are active investors in the Indonesian capital markets. Using the PLS-SEM analysis method, the results show that gender, risk tolerance, income, and financial literacy have a significant positive influence on investment decisions in international capital markets. Additionally, religiosity also has a positive but insignificant influence. Financial literacy as a moderating variable also tends to have a dominant negative and insignificant effect in strengthening the relationship between variables.
Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation Haryanto, Hery; Hartono, Cindy; Hesniati, Hesniati
Jurnal Dinamika Akuntansi dan Bisnis Vol 12, No 1 (2025): March 2025
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jdab.v12i1.39531

Abstract

This study explores the influence of corporate social responsibility (CSR) and green innovation on corporate financial performance. Using purposive sampling, the research examines a sample of 126 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Data were collected from the sample companies annual reports. Employing regression analysis to analyze the data, this study finds that CSR and green innovation positively affect financial performance. Companies that actively engage in CSR initiatives are more likely to implement environmentally friendly innovations. This study also found that green innovation mediates the relationship between CSR and financial performance. Consequently, prioritizing CSR fosters green innovation, which, in turn, improves financial performance through increased efficiency, corporate reputation, and market opportunities. This study provides valuable insights for managers and practitioners, highlighting the strategic role of CSR in strengthening financial performance through green innovation.
The Influence of Corporate Social Responsibility to Stock Return Haryanto, Hery; Kelvin, Kelvin; Hesniati, Hesniati
Jurnal Maksipreneur Vol 14 No 2 (2025)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i2.1759

Abstract

The research investigates the impact of Corporate Social Responsibility (CSR) on stock returns in the mining sector of Indonesia. The study examines data from financial reports and annual reports of 37 Indonesian companies listed on the stock exchange between 2017 and 2021. The research measures stock return using various factors, including corporate social responsibility, firm age, firm size, return on equity (ROE), and return on assets (ROA). The results reveal that there is a significant positive relationship between ROA and stock return. However, firm age shows a significant negative relationship with stock return, whereas firm size, ROE, and CSR do not have a significant effect. The research findings contribute to the existing literature by suggesting that in Indonesia, investors do not consider CSR as a key factor when making investment decisions since they are not particularly interested in the CSR activities undertaken by companies.
Penyusunan Laporan Keuangan Berdasarkan SAK Pada CV. Citra Selaras Pekanbaru Untuk Meningkatkan Financial Ferformance Mairoza; Siti Rodiah; Hesniati; Ramadhani Adinda Salsabilla; Marzelina Sintia Putri
Jurnal Ilmiah Manajemen Ekonomi Dan Akuntansi (JIMEA) Vol. 2 No. 4 (2025): Agustus
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/jimea.v2i4.5399

Abstract

CV Citra Selaras menghentikan penyusunan laporan keuangan formal sejak 2020 akibat krisis kepercayaan internal. Penelitian ini bertujuan mengevaluasi kondisi pencatatan keuangan saat ini dan merumuskan langkah strategis untuk membangun kembali sistem pelaporan yang akuntabel. Metode yang digunakan adalah pendekatan kualitatif melalui wawancara, observasi, dan pelatihan. Hasil penelitian menunjukkan bahwa manajemen mulai menyadari pentingnya laporan keuangan serta menunjukkan minat untuk mengintegrasikan sistem digital yang ada dengan pelaporan berbasis SAK-ETAP. CV Citra Selaras dinilai memiliki potensi untuk menerapkan kembali pelaporan keuangan secara sistematis dengan dukungan peningkatan literasi akuntansi dan struktur organisasi yang memadai.
When Risk-Taking Meets ESG: Implications for Firm Performance in Indonesia Hesniati; Stefani, Christine; Budiman, Johny
Golden Ratio of Finance Management Vol. 5 No. 2 (2025): April - September
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i2.1670

Abstract

This study explores the relationship between firm risk-taking and financial performance, with a particular focus on the moderating role of Environmental, Social, and Governance (ESG) practices. Using panel data from 86 firms listed on the Indonesia Stock Exchange over the 2018–2023 period, Ordinary Least Squares (OLS) regression with year fixed effects was employed. The results show that risk-taking has a positive and significant effect on firm performance, supporting the risk–return trade-off perspective. However, the interaction term reveals a negative moderation, meaning that ESG weakens the relationship between risk-taking and firm performance. This suggests that firms with stronger ESG commitments adopt more cautious strategies, which may reduce short-term financial gains but reinforce long-term stability and stakeholder trust. The findings contribute to the literature by clarifying the dual role of ESG as both a performance enhancer and a risk-control mechanism in emerging markets. Managers should integrate ESG principles into their strategic risk management frameworks to ensure that risk-taking decisions are aligned with sustainability objectives. Future studies should adopt broader risk-taking measures (R&D investment or leverage), extend the scope to cross-country settings, and integrate qualitative approaches for deeper insights.
Corporate Social Responsibility in Family-Controlled Firms: A Moderated Study of Slack Resources in Indonesian Manufacturing Haryanto, Hery; Hesniati, Hesniati; Maitri, Badra
Jurnal Dinamika Akuntansi dan Bisnis Vol 12, No 2 (2025): September 2025
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jdab.v12i2.43782

Abstract

The socioemotional wealth perspective emphasizes a company's concern with preserving its reputation and image. This study investigates the effects of family firms, family ownership, and family management on corporate social responsibility (CSR) disclosure, with slack resources serving as a moderating variable. Employing a quantitative approach, the analysis draws on secondary data from 118 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022, yielding 590 firm-year observations. Multiple linear regression using Stata was applied. The results show that family firms have a significant negative effect on CSR disclosure, while family management has a significant positive effect. In contrast, family ownership exhibits no significant relationship with CSR disclosure. Moreover, slack resources are found to moderate the relationships between family firms, family ownership, family management, and CSR disclosure.
Penerapan Digital Marketing pada UMKM E&E Seafood di Baloi Kota Batam Hesniati; Oktarianto, Eddy
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 4 No. 4 (2023): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN)
Publisher : Lembaga Dongan Dosen

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

Abstract

E&E Seafood is a Micro, Small and Medium Enterprise (MSME) which operates in the sale of food and drinks, especially food with nuances of Chinese and Indonesian cuisine, located in Batam City. This MSME, which has been around for 3 years, has moved 3 times, so many customers have lost contact, and this has caused a decrease in turnover due to a decrease in food orders. The aim of this activity is to apply digital marketing using social media to E&E Seafood MSMEs to introduce them further to the public and increase sales turnover. The method used to overcome the problems that occur in E&E Seafood MSMEs is by carrying out digital marketing which carries out promotions related to food sold using the social media applications Instagram and Facebook. After carrying out this community service activity for 3 months, it can be concluded that the activities carried out smoothly are in accordance with the objectives of this activity. Where the author has carried out digital marketing promotions using Instagram and Facebook applications and producing a module to continue promotional activities for E&E Seafood MSMEs.
Implementasi Sistem Keuangan pada UMKM Sella Kosmetik Menggunakan Microsoft Access di Kota Batam Limgestu, Rico; Hesniati, Hesniati
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 5 No. 1 (2024): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN)
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v5i1.2352

Abstract

Dalam lingkungan bisnis kosmetik, apapun bentuknya, seperti perusahaan besar maupun usaha kecil menengah, penting untuk memiliki sistem manajemen keuangan yang baik. Usaha yang dilengkapi dengan manajemen keuangan yang baik akan lebih terstruktur dalam operasionalnya dan memfasilitasi pertumbuhan bisnis yang lebih baik. Sella Kosmetik merupakan sebuah UMKM yang beroperasi di bidang kosmetik yang berbasis di Batam, dipilih sebagai obyek dalam kegiatan Pengabdian kepada Masyarakat dalam artikel ini. Dari proses wawancara dan observasi yang telah dilakukan, terungkap bahwa manajemen keuangan dari Sella Kosmetik masih sangat kurang karena masih menggunakan pencatatan manual untuk transaksi penjualan dan pembelian. Tujuan dari kegiatan Pengabdian kepada Masyarakat adalah membantu Sella Kosmetik menyelesaikan masalah dalam pencatatan transaksi operasionalnya dengan menciptakan sistem keuangan. Sella Kosmetik memperoleh sistem keuangan baru melalui program Pengabdian kepada Masyarakat berupa aplikasi Microsoft Access yang membantu pemilik mencatat transaksi dan menyediakan laporan keuangan seperti buku besar, neraca saldo, laba rugi, neraca, dan lainnya.
Pembuatan Company Profile pada PT Win Keramindo Jaya Hesniati, Hesniati; Ellen, Ellen
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 5 No. 1 (2024): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN)
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v5i1.2353

Abstract

PT Win Keramindo Jaya merupakan perusahaan yang bergerak dibidang perdagangan, melakukan jual beli dengan produk utama alat pemanas air tenaga surya, dan produk pendukung lainnya dan berlokasi di Kota Batam. Perusahaan didirikan sejak tahun 2002 tetapi selama ini perusahaan masih belum memiliki profil perusahaan. sehingga perusahaan tidak ada alat untuk memperkenalkan usahanya tanpa perlu menjelaskan, dan alat untuk meningkatkan citra perusahaan atau meningkatkan kepercayaan calon pelanggan. Tujuan dari kegiatan pengabdian masyarakat ini adalah membuat profil perusahaan pada PT Win Keramindo Jaya sesuai standar, yakni menarik dan informatif yang dapat memberikan informasi kepada calon pelanggan secara jelas mengenai PT Win Keramindo Jaya. Metode yang digunakan dalam mengatasi permasalahan pada ini adalah membuat profil perusahaan dengan aplikasi desain grafis Canva, yang dibuat dalam tiga format yakni PDF, video, dan cetak. Serta membantu PT Win Keramindo Jaya dalam menyebarkan dan melakukan promosi profil perusahaan yang telah dibuat melalui akun sosial media PT Win Keramindo Jaya youtube dan Instagram. Luaran yang dihasilkan dalam kegiatan pengabdian masyarakat ini bukan hanya profil perusahaan, dibuat juga panduan praktis perancangan profile perusahaan dengan aplikasi desain grafis Canva, agar kedepannya dapat diinovasi lagi profil perusahaannya. Setelah dibuat profil perusahaan, PT Win Keramindo Jaya sangat terbantu dalam membagikan informasi perusahaan kepada calon pelanggannya secara langsung.
Co-Authors Aerlica Ryanti Agustin, Conny agustin, isnaini nuzula Agustin, Isnaini Nuzulla Airin Triyana Albert Lee Albert Lee Alex Putra Pranata Alexander Janio Wijaya Alvin Alvin Alya Sari Andhie Febrian Andre Steven Andre Steven Hutagaol Andreas Yoshiro Ogawa Andrew Andrew Andrew Andrew, Andrew Andryanto Andryanto Angel Lim, Michelle Angela Angela Angelina Alicia Angelina Valensia Angelina, Winna Angeline Aurellia Angeline Aurellia Angeline Goh Anggriani, A. Arienda Gitty Ramadani Arviano, Hengky Arvin Clarence Aurellia, Angeline Ayu Fauzia Rahmah Bella Oktavia Maryto Benny Benny Bigson Bigson Bryan Antonio Marwan Candy - Candy Candy Carol, Carol Cedrich Zakhariah Celine Kho Celine Kho Cerina Cerina Chen Chen Aprilia Sabila Chris Topher Chuadra, Wiriya Dharma Cindy Aulia Putri Cindy Fransiska Cindy Valentina Cing Mei Conny Agustin Cuandra, Fendy Dedy Delfina Delfina Deni Ariadi Dennis Dennis Desi Mulyati Destiana Safitri Devin Devin Devin Devin Diarti, Yen Diavika Febriyanti Dimas Zainudin Doni Indrianto Eddy Oktarianto Eddy Oktarianto Edy Marsono Elida, Shelly Ellen Ellen Ellen Ellen Ellen Ellen Erick Erick Erick Erick Erlen Erlen Erlen, Erlen Erliani Erliani Estina Sativa Eva Juliana Evelyn Tan Evita Kordinata Fernado Fernado Fernando Fernando, Fernando Feronika Romadoni, Salsabilah Fifyanty, Fifyanty Fionna Quinn Firman Adiyasa Firman Firman Florentina Jasmine Florentina Jasmine Gary Tan Ghinanda Nasywa Grace Geovanni Gusfandi Gusfandi Hadi Nanto Hafidatul Husna Hardy Winata Lie Hariyani Ningsih Harsono Harsono Hartono, Benedicte Hartono, Cindy Hendry Setiawan Hendy Hendy Henliyanto Henliyanto Herman Herman Hery Haryanto Hery Haryanto Ilianto Tri Sagianto Irvin Irvin Isnaini Isnaini Isnaini Ivander Lukito Ivander Luktio Jacelyin Jacelyin Jasmine, Florentina Jeanette Andhini Nurulia Mashita Jeffrey Jeffrey Jefry - Jenny Jenny Jenny Jenny Jenny, Jenny Jerly Engelina Jeslin Jeslin Jessica Angelina Jessica Novia Jessica Novia Jessica Valeria Jessy Jessy Jhony Budiman Jocelyn Jocelyn Joey Joey Joey, Joey Johny Budiman Jolin, Jolin Jovianto Jovianto Joycelin, Joycelin Julianto Julianto Junita Junita Kelly Kelly Kelly Kelly Kelvin Kelvin Kelvin Kelvin Kelvin Kelvin Kelvin Kwek Kendri Setiawan Kendy Setiawan Hartono Keyi Sylvia Tania Keyi Sylvia Tania Kho, Celine Koo, Felicia Kristina Kristina Lady, Lady Laurentcia Longli Lia Trinanda Lie, Kelvin Lila Apriliah Lili Karnita Lim, Cecilia Limgestu, Rico Lina Lina Lina Lina Lindawati Lindawati Lindawati Lindawati Lovis Vernando Lovis Vernando Lydia Sasmita M. Rifqi Taufiqurahman Mahendra, Rizky Adi Mairoza Mairoza Mairoza Maitri, Badra Marheni, Dewi Khornida Marzelina Sintia Putri Mega Fatimah Rosana Meilan Sri Despitra Meirany Ahsanti Merinda Wijaya Michael Setiawan Michael Setiawan Michelle Angel Lim Michelle Angel Lim MIFTAHUL JANNAH Mirza Salman Pahlavi Muhammad Taufik Muhammad Yaser Mansur Nainggolan, Ferdinand Nheza Aulia Putri Nopry Nopry Novi Aprillia Novilia Novilia Novilia Novilia, Novilia Oktarianto, Eddy Owen Owen Perawati Peter Khosasih Phangestu, Steffany Jessica Putri Ernisa Putri Jusinta Putri, Shieny Tan Rahma Gustina Putri Ramadhani Adinda Salsabila Ramadhani Adinda Salsabilla Rano Ardiansyah Reni Febriani Renndy Ferdianto Ria Hartoko Ricky Wijaya Rico Lim Gestu Rico Limgestu Robin Robin Robin Robin, Robin Romie Jhonnerie Romieo Romieo Rudiyanto Rudiyanto, Rudiyanto Safitri, Destiana Santi Santi Saw liong Selen Angelina Sepbianto Sepbianto Serena Phang Serly Diana Sherlyn Sherlyn Sherry Sherry Shieny Tan Putri Shirley Feblicia Silvana Aurelia Sisca, Veni siti rodiah Soecipto Soecipto Sonata, Vina Sonata, Vivi Stefani, Christine Stefhani Susanto Stephanie Stephanie Steven Steven Steven Steven Suci Syafitry Suprapto, Yandi Susanti Susanti Suwandi Suwandi Teddy Ricardo Toh Meng Loo Tony Candra Tu, Michelle Nataline Valentina, Cindy Veni Sisca Verandi, Rizal Vernando, Lovis Verren Calystania Vian Ervina Viandi Agustinus Vincent Vincent Vincent Vincent Vincent Vincent, Vincent Vira Vira Vivi Sonata Viviani Viviani Viviani, Viviani Vivyanti, Vivyanti Wendy Winardy, Jeffri Winnie Winnie Wira Ramashar Wismanto Wismanto Wisnu Yuwono Yandi Suprapto Yopie Hendra Yulfiswandi, Yulfiswandi Yulianti Yulianti Zulfiniar Nur Kalimah