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The Effect of Intellectual Capital and Good Corporate Governance on Firm Value with Financial Performance as an Intervening Variable: Pengaruh Modal Intelektual dan Tata Kelola Perusahaan yang Baik Terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Intervening Septiawan, Fahrizal; Hermawan, Sigit
Indonesian Journal of Innovation Studies Vol. 20 (2022): October
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.086 KB) | DOI: 10.21070/ijins.v20i.728

Abstract

This study aims to determine the effect of intellectual capital and good corporate governance on firm value with financial performance as an intervening variable in High-IC Intensive companies listed on Indonesia Stock Exchange (IDX) in 2016-2019. The population in this study are Construction companies listed on the Indonesia Stock Exchange in 2016-2019. The sampling technique used in this research is purposive sapling. The analytical technique used in the research is Partial Least Square (PLS). The result of this study indicate that intellectual capital has no effect on financial performance. Good corporate governance has no effect on financial performance. Intellectual capital affects the value of the firm value. Good corporate Governance affects the value of the firm value. Fienancial performance has no effect on firm value. Financial performance is not able to mediatethe relationship between intellectual capital and firm value. Financial performance is not able to mediatethe relationship between good corporate governance and firm value.
The Influence of Promotional Media and Brand Image on the Decision to Choose a High School with Digital Marketing as an Intervening Variable: Pengaruh Media Promosi dan Brand Image Terhadap Keputusan Memilih Sekolah Menengah Atas dengan Digital Marketing Sebagai Variabel Intervening Fauzan, Risqi Rachmadi; Hermawan, Sigit; Supardi, Supardi; Fitriyah, Hadiah
Indonesian Journal of Innovation Studies Vol. 21 (2023): January
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (2116.946 KB) | DOI: 10.21070/ijins.v21i.750

Abstract

This At the end of 2019 in December in Wuhan, China, the world was stirred up and people were made restless by the corona virus (Covid-19) which had an impact on all sectors of human life, not to mention the world of education. Media information promotion facilities used at SMA Hang Tuah 2 in carrying out the process of accepting new students (PPDB) in order to build a brand image by using the Digital Marketing system. The type of research that will be used is associative quantitative research, namely research that is asking for the relationship between two or more variables. This study aims to determine the influence of variables, namely the variable (X) promotional media and brand image on (Y) the decision to choose Hang Tuah 2 High School Sidoarjo. The data obtained were analyzed using SMART-PLS. Promotional media has no significant effect on election decisions. Brand Image has a significant influence on election decisions. Promotional media has no significant effect on digital marketing. Brand Image has a significant influence on digital marketing. Digital Marketing has a significant influence on election decisions. Promotional media does not have a significant influence on the selection decision through digital marketing as an intervening variable. Brand Image does not have a significant influence on election decisions through digital marketing as an intervening variable. Word of mouth is the most powerful promotional technique in this study, the role of people is very important in promoting services. Customers are very close to service delivery.
Global Impact of Top Management on Branding and Performance: Dampak Global dari Manajemen Puncak terhadap Pencitraan Merek dan Kinerja Rochman, Saiful; Hermawan, Sigit
Indonesian Journal of Innovation Studies Vol. 25 No. 1 (2024): January
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijins.v25i1.1086

Abstract

This study explores how top management commitment to ISO 9001:2015 quality management system influences company branding and employee performance, with employee commitment moderating this relationship. Conducted in a cardboard packaging industry in Sidoarjo, East Java, Indonesia, the research involved 105 employees selected through purposive sampling. Data was collected via personal questionnaire surveys and analyzed using Structural Equation Modeling Partial Least Square (SEMPLS). Results show that top management commitment significantly impacts company branding and employee performance. However, employee commitment's moderating effect on the relationship between top management commitment and company branding was found insignificant due to incomplete socialization of the quality management system among employees, while it significantly moderated the relationship between top management commitment and employee performance. This study underlines the importance of top management commitment in ISO 9001:2015 implementation for improving company branding and employee performance and suggests the need for comprehensive socialization of quality management systems. Hightligh: Top management drives branding and performance. Employee commitment moderates top management's influence. Incomplete socialization affects employee commitment's moderating effect. Keywords: ISO 9001:2015, Top management commitment, Company branding, Employee performance, Moderation.
Intellectual Capital, Market Value, and Financial Performance: Indonesia and Malaysia’s Banking Companies Hermawan, Sigit; Hanun, Nur Ravita; Nirwana, Nihlatul Qudus Sukma; Candrawati, Clarisa Ika
JASF: Journal of Accounting and Strategic Finance Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021
Publisher : Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/jasf.v4i2.142

Abstract

This study aims to determine the effect of intellectual capital on market value with financial performance as an intervening variable: evidence from banking companies in Indonesia and Malaysia. The analysis tool uses Partial Least Square to test hypotheses. The results of this study are intellectual capital affects the financial performance of banking companies in Indonesia but does not affect the banking companies in Malaysia. Intellectual capital does not affect the market value of banking companies in Indonesia but affects banks in Malaysia. Financial performance affects market value in Indonesian banking companies but does not affect banking companies in Malaysia. For indirect or mediation effects, the result is that financial performance can mediatethe effect of intellectual capital on market value in banking companies in Indonesia but not for banks in Malaysia. Banking companies must pay attention to intellectual capital management because of its impact on financial performance and market value. The market will give a higher valuation to companies that have increased financial performance. Next, companies with improved financial performance will be responded positively to the market so that it will increase market value.
THE EFFECT OF INTELLECTUAL CAPITAL, EARNINGS MANAGEMENT AND COMPANY AGE ON THE COMPANYS’S FINANCIAL PERFORMANCE: AS IMPLEMENTATION OF ACHIEVEMENTS SUSTAINABILITY DEVELOPMENT GOALS NO.8 Wati, Deby Fatmah; Hermawan, Sigit
International Journal of Business, Law and Political Science Vol. 2 No. 11 (2025): International Journal of Business, Law and Political Science
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijblps.v2i11.365

Abstract

Objective: This study aims to determine the effect of intellectual capital, earnings management, and company age on company financial performance (as an implementation of Sustainable Development Goal No. 8). Method: The research method used is quantitative. The population was taken from LQ45 companies listed on the IDX from 2019 to 2023. Sampling was conducted using purposive sampling. The research population consisted of 100 companies, but after passing the specified sampling criteria, only 95 companies remained. The data analysis technique used was descriptive statistical analysis, using multiple regression analysis, with the Statistical Package for Social Sciences (SPSS) Statistics version 26 software. Result: The results of the study show that Intellectual Capital and Company Age have a positive and significant effect on Financial Performance, while Profit Management has a negative and significant effect on Financial Performance. Novelty: The implications of this study are to provide additional information for investors to be more cautious in investing, and to serve as a consideration for investors in formulating investment strategies so that they can more comfortably use all of their funds to avoid losses due to financial statement phenomena and manipulation occurring in companies.
Efisiensi Waktu Penanganan Gangguan sebagai Variabel Mediasi untuk Pengaruh Kualitas Pelatihan Simulasi dan Frekuensi Pelatihan terhadap Kesiapan Teknis dan Mental Karyawan Bryan Eka; Sigit Hermawan; Sriyono
Jurnal Manajemen Pendidikan dan Ilmu Sosial Vol. 6 No. 3 (2025): Jurnal Manajemen Pendidikan dan Ilmu Sosial (April - Mei 2025)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jmpis.v6i3.4550

Abstract

Penelitian ini menganalisis pengaruh kualitas dan frekuensi pelatihan simulasi terhadap kesiapan teknis dan mental karyawan di Pembangkit Listrik Tenaga Uap (PLTU), dengan efisiensi waktu penanganan gangguan sebagai variabel mediasi. Menggunakan metode kuantitatif dan analisis Structural Equation Modeling (SEM) berbasis Partial Least Square (PLS), penelitian ini menemukan bahwa kualitas dan frekuensi pelatihan berpengaruh positif terhadap kesiapan teknis dan mental karyawan. Efisiensi waktu dalam menangani gangguan terbukti memperkuat hubungan antara pelatihan dan kesiapan karyawan. Hasil ini menegaskan pentingnya pelatihan berkualitas dan terjadwal untuk meningkatkan kompetensi serta kesiapan mental dalam menghadapi tantangan operasional. Penelitian ini memberikan wawasan bagi industri pembangkitan listrik untuk mengoptimalkan pelatihan guna meningkatkan kinerja dan efisiensi operasional.
The Role of Information Technology and Organizational Culture in Improving Employee Performance Very M, Mufti Rosyid; Hermawan, Sigit; S Sriyono
SAGA: Journal of Technology and Information System Vol. 2 No. 4 (2024): November 2024
Publisher : CV. Media Digital Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58905/saga.v2i4.475

Abstract

This research dives into the complex dynamics between information technology, organizational culture, and employees at bfreshgigi, a dental health company that is transforming in the digital era. Through in-depth interviews with six employees from various positions, the study reveals how information technology is not just a tool, but a fundamental game changer. Organizational culture emerged as a critical counterweight, sometimes supporting innovation, but sometimes hampered by hierarchical structures. Employee performance was found to go far beyond mere productivity, encompassing adaptability and creativity. The findings suggest that alignment between technology, culture and performance is critical; when aligned, the results are outstanding, but imbalances can trigger stress and demoralization. This study not only enriches theoretical understanding but also offers practical insights for organizations struggling with digital transformation.
Firm Size as a Moderator in the Relationship Between Leverage, Cash Flow, Profitability, and Cash Holding: Evidence from Indonesia’s Food and Beverage Sector Maryanti, Eny; Nabila, Ainun Mala; Hermawan, Sigit; Rahayu, Ruci Arizanda
Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 1 (2026): Article Research January 2026
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v10i1.2864

Abstract

Cash holding plays a crucial role in maintaining corporate liquidity and financial flexibility, especially in capital-intensive industries such as food and beverage manufacturing. This study examines whether firm size moderates the relationship between leverage, cash flow, and profitability on cash holding in companies listed on the Indonesia Stock Exchange (IDX) during 2018–2022. The research employed a purposive sampling method, yielding 18 companies (57 firm-year observations). Data were analyzed using Ordinary Least Squares (OLS) and Moderated Regression Analysis (MRA) with SPSS 26. The results show that leverage (t = 3.217; p < 0.01) and cash flow (t = 2.948; p < 0.01) have a significant positive effect on cash holding, while profitability (t = 0.842; p > 0.05) has no significant impact. The R² value of 0.623 indicates that the independent variables explain 62.3% of the variation in cash holding. Furthermore, firm size significantly moderates the effects of leverage and cash flow, but does not moderate the relationship between profitability and cash holding. These findings highlight that larger firms tend to manage cash more effectively when facing leverage pressure or high cash flow, strengthening the understanding of liquidity management behavior in Indonesia’s manufacturing sector.
Perancangan dan Implementasi Pembangkit Listrik Tenaga Mikrohidro (PLTMH) untuk Mendukung Ketersediaan Energi Berkelanjutan di Kampung 17, Desa Batulawang, Jawa Barat Muhammad Zaidan Taftazani; Surya Chandra Kusuma; Benedictus Dimas Cahyo Priastono; Tsabit Arasyid; Firman Alfarisi; Sigit Hermawan; Marsya Royani Jannah; Muhammad Ridwan
Nusantara: Jurnal Pengabdian kepada Masyarakat Vol. 5 No. 4 (2025): November: NUSANTARA Jurnal Pengabdian Kepada Masyarakat
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/nusantara.v5i4.6927

Abstract

Micro-Hydro Power Plant (MHPP) is a renewable energy solution suitable for remote rural areas with river flow availability. This study was carried out in Kampung 17, Batulawang Village, West Java, through the Community Service Program of HMM ITPLN, by designing and implementing a simplified MHPP system. The analysis indicates a hydraulic power potential of 1.511 kW with an effective head of 3.08 m and a discharge of 0.005 m³/s. Of this potential, the maximum utilized power reached 1.108 kW, equivalent to 73.32% of hydraulic energy utilization. The system is capable of producing approximately 26.6 kWh per day or around 798 kWh per month, matching the total demand of 12 households and one mosque in Kampung 17. If this demand were supplied by the national grid (PLN) under the R-1/TR 1300 VA category at Rp1,444.70 per kWh, the monthly cost would amount to approximately Rp1,152,870. Hence, the MHPP enables annual savings of around Rp13.8 million while ensuring local energy independence
Determinants of Student Consumptive Behavior in E Commerce Context: Faktor-faktor yang Mempengaruhi Perilaku Konsumtif Mahasiswa dalam Konteks E-Commerce Azizah, Nur; Hermawan, Sigit
Indonesian Journal of Law and Economics Review Vol. 20 No. 3 (2025): August
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i3.1470

Abstract

General Background: Rapid growth of digital commerce has reshaped consumption patterns among university students. Specific Background: Increased access to online shopping platforms is associated with changes in student spending behavior. Knowledge Gap: Empirical evidence examining multiple behavioral and financial factors simultaneously in student consumptive behavior remains limited. Aims: This study analyzes factors related to consumptive behavior among university students using a quantitative approach. Results: The findings indicate that selected financial and lifestyle-related variables are statistically associated with student consumptive behavior. Novelty: The study integrates several behavioral and financial variables within a single empirical model focused on student consumers. Implications: The results provide insights for academic studies and educational institutions in understanding student consumption patterns. Keywords: Consumptive Behavior, E Commerce, Financial Literacy, Lifestyle, University Students Key Findings Highlights: Student spending patterns show strong alignment with digital purchasing habits. Behavioral factors demonstrate measurable associations with consumption tendencies. Financial understanding remains a relevant aspect of student purchasing behavior.
Co-Authors Abdul Roziq Fanshury Afiyah Nurul Maf’ulah Agustina, Eura Kurnia Ahmad Qomarudin Aisha Hanif Akbar, Zoramchev Akhmal Mulyadi Ali Maskur Amalia, Dina Ananda Nur Amalia, Nadhifah Hikma Adi Amelia Nugraha Dini Amelia Nugraha Dini Andari, Miranda Putrin Anggun Amalia, Anggun Anis Masrifah Arifin, Mochamd Djainul Arista, Sintha Wahyu Ariyani, Anita Ariyanti, Islamiya Azel Raoul Reginald, Azel Raoul Bayu Wardhana Bellina Reggita Benedictus Dimas Cahyo Priastono Bryan Eka Candrawati, Clarisa Ika Chandra Pratama Rulidha Chusnainy, Mirza Cicik Suciati Cindi Dwianti Roswita Cintya Devi Retno Ardianti Clarisa Ika Candrawati Cut Ami Rahmah Cynthia Tamara Surya D, Yuli Setyawati Dessy Kartika Yudityawati Detak Prapanca Dewi Andriani Dewi Komala Sari Dewi Kurnia Sari Diah Yuliastri Diah Yuliastri Dian Berkah Dian Novita Sari, Dian Novita Diana Kartika Pramodha Wardhani Diana Septy Mega Altino Dina Ayu Putri Dina Rofita Dinda Putri Kusuma Wardani Dini, Amelia Nugraha Duwi Rahayu Duwi Rahayu Dwi Anjani Dwi Auliyah Eka Putri Sayekti Eka, Bryan Elsaviyanto, Yumna Almnas Emmira iffat Endra Wahyu Nindiyah Endra Wahyu Ningdia Endra Wahyu Ningdiyah Eny Maryanti Eny Maryati Erva Rudianti Ety Nur Zunaida Ety Nur Zunaida, Ety Nur Eva Eva Fachrudin Arozy Fadilla Rahmawati Fadiyah, Nur Laily Fahruddin, A'rasy Fanshury, Abdul Roziq Fauzan, Risqi Rachmadi Febyola, Caesar Fernanda, Erfina Fibriani Awalia Ramadhani Fierda Lestari Sarpangga Putri Firdaus, Arsy Maulana Firman Alfarisi Firna Septyaningrum Fita Fitria Lestariana Fitri Indah Wahyu Ning Tyas Fitri Wulandari Fitriah Sukandar Habibie, Muhammad Yusuf Hadiah Fitriyah Hadiah Fitriyah Hadiah Fitriyah Hadyan Caesar Ahmargatu Hariati, Eby Amelia Herby Ernanto Idayati, Farida Iffah Qonitah Ihza M, Yusril Imelda Dian Rahmawati Indah Dwi Lestari Irwan Alnarus Kautsar Islamiyah, Maya Adillah Jamaludin Jamaludin Jihan Fadhila Junjunan, M Ilyas Kharisma, Risky Ageng Khasanah Ikhmah Khumairo, Fifi Kristika, Intan Dharma Lina Rahma Wati Liswatul Khasanah Lukman Hudi Lusi Andriyani M Ilyas Junjunan Maf’ulah, Afiyah Nurul Mariana, Shinta Didin Hari Mariya Ulfa Marsya Royani Jannah Maryati, Eny Masjhur, Ahmad Masrifah, Anis Masruroh, Dewi Masyita, Siti Maulidia Dewi Azhari Maya Diah Nirwana Mayang Novita Sari Mokh Irwanto Mudji Astuti Muhammad Fatihul Iman Muhammad Nasih Muhammad Ridwan Muhammad Saleh Muhammad Zaidan Taftazani Muhammad, Nur Sa'adah MULYADI Mulyadi Mulyadi Murdaningsih, Sri Rahayu Nabila, Ainun Mala Nadia Nurifayza Sufiyanti Nasih, Muhammad Nengtyas, Yunita Multi Nihlatul Qudus Sukma Nirwana Niko Fediyanto Nilam Sari Ningrum, Ayu Stya Ningsih, Nur Ayu Setia Ninik Khuzaimah Nourma Ninil Alfariza Nur Amalina Nisfa Salisa Nur Azizah Nur Azizah nur diana Nur Ravita Hanun Nurasik Nurasik Nurasik Nurasik Nurasik Nurasik Nurul Fauziah Nurul Yaqin Otto Masyad Susanto Prasetyo Utomo Qonitah, Iffah raditya koesdijarto putra Rahmadhani, Ali Zainuri Rahmawati A., Silviana ranny buggy wahyu Ratna Nugraheni Ratna Nugraheni Restu Widya Rini Restu Widya Rini, Restu Widya Ridho Dwiki Dharmawan Rifdah Abadiyah Rifdah Abdiyah Riskiyah, Siti Fatikhatur Rita Ambarwati Rita Ambarwati Sukmono Rizka Aulia Ferisanti Rochani, Oktavia Siti Rochman, Muhamad Alif Aulia Rochman, Saiful Rodiyah, Ainur Ruci Arizanda Rahayu Ruci Arizanda Rahayu Ruci Arizanda Rahayu S Sriyono Sabillah, Natasya Safitri, Lia Saiful Ukamah Salsa Billa Rahma Imania Sari, Lilin Nur Indah Sarwenda Biduri Septiawan, Fahrizal Setiyawati, Yuli Setiyono, Wisnu Panggah Setyawardani, Lydia Shofiya, Lailatus Sholikhah, Alfiyatus Sintha Wahyu Arista Siti Fatimah Sri Wahyuni Sriwahyuni, Diana Sriyono Sriyono Sriyono Sriyono Sriyono Sriyono Sriyono Sriyono Suciati , Cicik Sumartik Sumartik Supardi Supardi Supardi Supardi Surya Chandra Kusuma Susanto, Otto Masyad Sutrisno Sutrisno Tri Yuda Lesmana Tsabit Arasyid Udik Arif Muzaiyyin Ulhaq, Syafa Vania Ulum, Zatul Karamah Ahmad Baharul Ummy Imaniar Mardiyanti Ummy Imaniar Mardiyanti, Ummy Imaniar UTOMO, PRASETYO Valerina stasia putri Very M, Mufti Rosyid vinsa adi laksana Wardani, Shintya Wati, Deby Fatmah Wati, Lina Rahma Wika Nurlia Winanti Ita Aflakhah Wisnu P Setiyono Wiwit Hariyanto Wiwit Hariyanto Wiwit Hariyanto Wiwit Hariyanto Wulandari, Indah Apriliana Sari Yuli Setiyawati