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Faktor-Faktor Yang Mempengaruhi Inklusi Keuangan (Studi Pada Mahasiswa Magister Manajemen Universitas Sultan Ageng Tirtayasa) Fitriah, Fitriah; Ichwanudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 4, No 2 (2020)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v4i2.10332

This study aims to examine and analyze the effect of organizational commitment and level of discipline on employee performance through job satisfaction as an intervening variable. The implementation of this research is expected to provide theoretical benefits for academics and practitioners for the Department of Trade, Industry, Cooperatives and Micro, Small and Medium Enterprises, Serang City. The research method uses quantitative methods by using causality, namely looking for explanations in the form of causal relationships between several concepts or variables, the researcher collects primary data using a census questionnaire technique for 75 respondents and data analysis techniques with Partial Least Square (PLS) software. The results showed that organizational commitment and level of discipline had a direct effect on performance and there was an effect after being tested with the intervening variable job satisfaction.

Peran mediasi profitabilitas dimoderasi leverage pada kepemilikan institusional terhadap nilai perusahaan: perusahaan batu bara Indonesia Widigdya, Singgih; Akhmadi, Akhmadi; Ichwanudin, Wawan
Borobudur Accounting Review Vol 4 No 1 (2024)
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31603/bacr.11473

In this study, we look at how institutional ownership affects the Price to Book Value (PBV) of Indonesian coal mining companies. Return on Assets (ROA) is the mediating variable, and Debt to Equity Ratio (DER) is the moderating variable. The study is highly relevant given the dynamic changes in financial markets, the increasing dominance of institutional investors, and the challenges associated with debt management. Additionally, regulatory changes and the pressure to enhance shareholder value necessitate an understanding of how institutional ownership, financial performance, and leverage influence company value. Using financial information from Indonesian coal mining companies that were listed between 2018 and 2023 on the Indonesian Stock Exchange, the analysis was conducted using SPSS and the Hayes Process Macro Model 58. The findings indicate that institutional ownership significantly increases firm value (PBV) through better management and stricter supervision. DER, as a moderating variable, emphasizes the importance of good debt management. The positive coefficient of financial performance on firm value indicates that better financial performance contributes to increased firm value. Overall, institutional ownership is more effective in directly enhancing firm value than through the mechanisms involving financial performance and leverage. This study provides critical insights for corporate managers, institutional investors, and policymakers on managing institutional ownership to improve company performance and value, and effectively handle financial leverage.

The Role of Profitability and Dividend Policy in Mediated and Moderate the Company Growth Relationship with Firm Value: (Case Study on Registered Insurance Sub-Sector Company On The Indonesia Stock Exchange Period 2015 – 2021) Aditia, Septian; Ichwanudin, Wawan; Purbasari, Intan
The Es Economics and Entrepreneurship Vol. 3 No. 02 (2024): The Es Economics And Entrepreneurship (ESEE)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esee.v3i02.389

This study aims to determine the effect of Company Growth proxied by Earnings Growth (X) on Firm Value proxied by Price to Book Value (Y) through Profitability proxied by Return on Asset (Z) as a mediating variable and Dividend Policy proxied by Dividend Payout Ratio (M) as a moderating variable in Insurance Sub-Sector Companies listed on the Indonesia Stock Exchange for the period 2015 - 2021. The population used in this study were all Insurance Sub-Sector companies listed on the Indonesia Stock Exchange for the period 2015 - 2021. The sample of this study amounted to 11 companies from 14 total populations using purposive sampling method. The data analysis technique used in this research is Partial Least Square with the help of SmartPLS 3.0 software. The results of this study indicate that: (1) Company Growth has a positive and significant effect on Profitability, (2) Company Growth has no effect on Firm Value, (3) Profitability has a positive and significant effect on Firm Value, (4) Profitability is able to mediate the relationship between the effect of Company Growth on Firm Value, (5) Dividend Policy is unable to moderate the relationship between the effect of Company Growth on Firm Value.

The Effect of Liquidity on Capital Structure with Company Size as a Moderating Variable Mediated by Profitability: Pengaruh Likuiditas Terhadap Struktur Modal Dengan Ukuran Perusahaan sebagai Variabel Moderasi yang Dimediasi oleh Profitabilitas Monica, Olivia; Ichwanudin, Wawan; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 4 (2024): December
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v2i4.210

This study aims to examine and analyze the effect of liquidity on capital structure, with firm size as a moderating variable and profitability as a mediating variable, conducted on companies listed in the IDX Growth 30 during the 2020-2022 period. The data used in this study are secondary data, and the sampling technique is purposive sampling. The data sources for this research come from the Indonesia Stock Exchange and the official websites of the listed companies. The results of the study show that liquidity has a negative and significant effect on capital structure, liquidity has a positive and significant effect on profitability, profitability has a negative and significant effect on capital structure, profitability is able to mediate the relationship between liquidity and capital structure, firm size is able to moderate the relationship between liquidity and capital structure, firm size is able to moderate the relationship between profitability and capital structure, and liquidity affects capital structure mediated by profitability and moderated by firm size simultaneously.

Profitability’s Effect on IDX30 Firm Value: The Role of Capital Structure and Firm Size Benteng, Ahmad Dika Cavalera Putra; Ichwanudin, Wawan; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 4 (2024): December
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v2i4.212

This study investigates the impact of profitability on firm value, with capital structure serving as a mediating variable and firm size as a moderating variable, focusing on companies listed on the Indonesia Stock Exchange's IDX30 index from 2018 to 2022. A quantitative approach is employed to examine the causal relationships, utilizing secondary data from the financial statements of each company, which were sourced from the firms' official websites or the IDX website. A non-probability sampling method was used to select the companies from the IDX30 index during the specified period. The analysis was conducted using panel data, with descriptive statistics and conditional process Hayes analysis performed through SPSS25 and the Hayes Process. The results reveal that profitability has a positive and significant effect on firm value, while also demonstrating a negative and significant impact on capital structure. Furthermore, capital structure positively influences firm value and mediates the relationship between profitability and firm value. Additionally, firm size moderates the effect of profitability on firm value and the impact of capital structure on firm value. These findings provide insights into the interconnected roles of profitability, capital structure, and firm size in determining firm value among IDX30 index listed companies.

The Role Of Dividend Policy In Mediating The Relationship Of Profitability To Firm Value: Empirical Study On The Business Index-27 On The Indonesian Stock Exchange Fitriani, Kiki Liya; Akhmadi, Akhmadi; Ichwanudin, Wawan
Indonesian Journal of Innovation Multidisipliner Research Vol. 3 No. 1 (2025): March
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v3i1.307

This study was conducted to determine the effect of dividend policy in mediating the relationship between profitability and firm value on the business-27 index for the 2018-2022 period. This study used a sample of 17 companies using purposive sampling method. The data used is secondary data obtained from financial reports and annual reports published on the official website of the Indonesia Stock Exchange (www.idx.co.id) and the official website of each company. The data analysis technique used is multivariate regression, partial hypothesis test and mediation test and data processing is done with the STATA version 17 statistical application. The results showed that profitability has a significant positive effect on firm value. Profitability has a significant positive effect on dividend policy. Dividend policy is able to mediate the relationship between profitability and firm value.

ASSESSING THE ROLE OF MANAGEMENT ACCOUNTING IN STRATEGIC DECISION-MAKING AND ORGANIZATIONAL PERFORMANCE Supriatna, Ucu; Ichwanudin, Wawan; Faisal, Ijang
Journal of Jabar Economic Society Networking Forum Vol. 1 No. 10 (2024): Jesocin - September
Publisher : Organisasi Kreatif Indonesia Emas

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

Background: The central role of interest rates in macroeconomics cannot be overstated. Interest rates not only influence the economic landscape but also affect consumer spending, investment, and borrowing. Among these, consumer loan demand and bank profitability are two areas significantly impacted by fluctuations in interest rates. Banks adjust their lending practices, and consumers' borrowing behavior shifts according to the prevailing rates, which ultimately influences economic stability. Understanding these dynamics is crucial for both financial institutions and policymakers to craft effective strategies. Aims: This study aims to analyze the effect of interest rate changes on consumer loan demand and the profitability of commercial banks. It seeks to identify patterns, establish causal relationships, and propose actionable insights for financial institutions. Research Method: A mixed-method approach is adopted, employing both qualitative and quantitative data. Time-series analysis is conducted on historical data spanning the last two decades, incorporating macroeconomic variables and interest rate trends. In addition, surveys of consumer attitudes toward loans at different interest rate levels are analyzed to gauge demand sensitivity. Results and Conclusion: Preliminary findings suggest a significant inverse relationship between interest rates and consumer loan demand. Banks experience increased profitability in periods of higher interest rates, although at the cost of potential market contraction. Lower rates generally boost consumer loan demand, but the effects on profitability are more nuanced, depending on the type of loan products offered. Contribution: This research provides a comprehensive analysis of how shifts in interest rates influence consumer behavior and bank profitability. It contributes to a better understanding of how banks should tailor their lending strategies in response to rate changes and provides insights for policymakers on the broader economic implications of interest rate adjustments.

ASSESSING THE ROLE OF MANAGEMENT ACCOUNTING IN STRATEGIC DECISION-MAKING AND ORGANIZATIONAL PERFORMANCE Supriatna, Ucu; Ichwanudin, Wawan; Faisal, Ijang
Journal of Jabar Economic Society Networking Forum Vol. 1 No. 10 (2024): Jesocin - September
Publisher : Organisasi Kreatif Indonesia Emas

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

Background: The central role of interest rates in macroeconomics cannot be overstated. Interest rates not only influence the economic landscape but also affect consumer spending, investment, and borrowing. Among these, consumer loan demand and bank profitability are two areas significantly impacted by fluctuations in interest rates. Banks adjust their lending practices, and consumers' borrowing behavior shifts according to the prevailing rates, which ultimately influences economic stability. Understanding these dynamics is crucial for both financial institutions and policymakers to craft effective strategies. Aims: This study aims to analyze the effect of interest rate changes on consumer loan demand and the profitability of commercial banks. It seeks to identify patterns, establish causal relationships, and propose actionable insights for financial institutions. Research Method: A mixed-method approach is adopted, employing both qualitative and quantitative data. Time-series analysis is conducted on historical data spanning the last two decades, incorporating macroeconomic variables and interest rate trends. In addition, surveys of consumer attitudes toward loans at different interest rate levels are analyzed to gauge demand sensitivity. Results and Conclusion: Preliminary findings suggest a significant inverse relationship between interest rates and consumer loan demand. Banks experience increased profitability in periods of higher interest rates, although at the cost of potential market contraction. Lower rates generally boost consumer loan demand, but the effects on profitability are more nuanced, depending on the type of loan products offered. Contribution: This research provides a comprehensive analysis of how shifts in interest rates influence consumer behavior and bank profitability. It contributes to a better understanding of how banks should tailor their lending strategies in response to rate changes and provides insights for policymakers on the broader economic implications of interest rate adjustments.

articel ANALYZING THE ADOPTION OF CLOUD-BASED ACCOUNTING SYSTEMS AND THEIR IMPACT ON SMALL BUSINESS EFFICIENCY Riana, Nia; Ichwanudin, Wawan; Faisal, Ijang
Journal of Economics, Accounting, Business, Management, Engineering and Society Vol. 1 No. 10 (2024): KISA INSTITUE : September
Publisher : PT. Kreatif Indonesia Satu

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Background Small businesses are vital contributors to global economies but often face challenges in managing financial processes due to resource limitations and lack of technical expertise. Traditional accounting systems, while reliable, demand significant investments and are prone to errors when used manually. The advent of cloud-based accounting systems (CBAS) offers a solution, providing small businesses with affordable, scalable, and efficient tools to manage their financial operations. However, despite their potential, the adoption of CBAS remains uneven, with many businesses hesitant due to perceived barriers like data security concerns and lack of technical knowledge. Aims This study aims to: Investigate the key drivers and barriers influencing the adoption of CBAS among small businesses. Analyze the impact of CBAS on financial accuracy, operational efficiency, and compliance. Highlight the role of training and technical support in ensuring successful CBAS adoption. Provide practical insights through case studies of businesses that have successfully integrated CBAS. Offer recommendations to stakeholders for promoting broader adoption and maximizing the benefits of CBAS. Research Method The study employed a mixed-methods approach, combining quantitative and qualitative techniques to provide a comprehensive analysis. A survey was conducted among 250 small business owners across various industries to gather quantitative data on adoption drivers, barriers, and impacts. In addition, 30 in-depth interviews were carried out to gain qualitative insights into the experiences and perceptions of CBAS users. The research also incorporated secondary data from industry reports, case studies, and academic literature to triangulate findings. The Technology Acceptance Model (TAM) and Diffusion of Innovation (DOI) theory provided the theoretical frameworks for analyzing the results. Results and Conclusion CBAS adoption is primarily driven by ease of use, cost-effectiveness, and competitive advantage, but is hindered by concerns over data security, lack of technical expertise, and perceived complexity. Businesses that adopted CBAS reported a 35% reduction in accounting errors, improved compliance with tax regulations, and enhanced decision-making capabilities. Operational efficiency significantly improved, with time savings averaging 20 hours per month and optimized workflows leading to better resource utilization. Training and technical support were identified as critical factors in overcoming barriers and ensuring successful adoption. Conclusion: CBAS offers transformative benefits for small businesses, including improved accuracy, efficiency, and compliance. However, addressing barriers such as knowledge gaps and security concerns is essential to realize its full potential. The study highlights the need for collaborative efforts among CBAS providers, policymakers, and small businesses to foster broader adoption and leverage the advantages of cloud-based technologies.

Peran Mediasi Struktur Modal Dan Moderasi Ukuran Perusahaan Pada Likuiditas Terhadap Nilai Perusahaan Anwar, Paisal; Ichwanudin, Wawan; Widyaningsih, Ika Utami
Tirtayasa Ekonomika Vol 20, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jte.v20i1.33619

This study aims to examine the effect of liquidity on firm value mediated by capital structure and moderated by firm size in food and beverage sub-sector companies listed on the Indonesia Stock Exchange in 2016-2023.The study uses a causal research type with a quantitative method by examining comparative causality relationships, using secondary data from the financial statements of each company, both obtained through the IDX website and the official website of each company. Sampling uses a non-probability method on companies listed in the food and beverage sub-sector listed on the IDX in 2016-2023. The research data is panel data analyzed using SPSS and Hayes Process with analysis stages, namely descriptive statistics to conditional process analysis. The results of the hypothesis test show that: 1) liquidity has a negative and significant effect on firm value. 2) liquidity has a negative and significant effect on capital structure. 3) Capital structure has a negative and significant effect on firm value. 4) Capital structure is able to mediate the effect of liquidity on firm value. 5) Firm size is able to moderate the effect of liquidity on firm value.

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