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Fundamental Factor Analysis on Stock Returns Based on the Panel Data of LQ'45 Index Sumani, Sumani
Hasanuddin Economics and Business Review VOLUME 3 NUMBER 3, 2020
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v3i3.2195

Abstract

This study aims to investigate the influence of fundamental factors on stock returns on the companies listed in the LQ’45 index in the Indonesia Stock Exchange. This research uses explanatory research design. The population consists of 45 companies listed in the LQ'45 index. The purposive sampling technique is used and collected a total of 23 companies as the sample. The number of samples was 23 companies because these companies consistently formed the LQ'45 index for the 2014-2018 periods. Those companies are fulfilling the criteria which are continually included in the LQ’45 index throughout the analysis period. Thus, the data panels used in this study were as much as 115 observations. Fundamental factors proxies by TATO, MBV, CR, DER, NPM, and EPS. The multiple linear regression analysis is used and the results showed that TATO has a significant positive effect on stock returns, MBV has a significant negative effect on stock returns, while CR, DER, NPM, and EPS have no significant effects on the stock return of LQ’45 index-listed companies.
EFEK SKOR ESG PADA  KAPITALISASI PASAR PERUSAHAAN DALAM INDEX ESG LEADERS INDONESIA Nugroho, Emanuel Yakobus Prasetyo; Sumani, Sumani
Jurnal Akuntansi Vol 19 No 2 (2025): Jurnal Akuntansi
Publisher : Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25170/jak.v19i2.6620

Abstract

ESG is a concept that prioritizes sustainable development, investment, and company operations using three criteria—environmental, social, and governance. Businesses with strong ESG policies typically do better over the long run. Revenue, net profit, growth, and a greater market valuation—reflected in market capitalization—can all be indicators of improved long-term performance. This study examines the relationship between ESG scores and market capitalization for 17 businesses included in the Indonesian ESG Leaders Index (March 15-September 19, 2023) using firm value as an intervening variable. Multiple linear regression analysis was employed as the data analysis strategy. The study’s results, which were obtained by regression analysis with IBM SPSS 29, demonstrated that ESG scores had no discernible impact on market capitalization as measured by business value overall. .
SUSTAINABILITY, GREEN BONDS DAN DAMPAKNYA PADA NILAI PERUSAHAAN Dharmastuti, Christiana Fara; Zefanya, Okaria Nathalie; sumani, sumani
Jurnal Akuntansi Vol 18 No 2 (2024): Jurnal Akuntansi
Publisher : Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25170/jak.v18i2.5178

Abstract

Sustainability issues and practices have now become an important part and an interesting trend around the world. Companies in running their business are required not only to take into account economic factors, but also to pay attention to sustainability practices. In the financial sector, one of the sustainability supports through funding through green bonds, namely green bonds.  This study aims to analyze the effect of corporate sustainability practices in terms of the 3 P's (Profit, Planet, People) on the decision to issue green bonds and their impact on company performance. The study was conducted on companies in ASIA with the subject of 78 companies from 10 countries. Data was obtained from the Climate Bonds Initiative, International Capital Market Association, IDX and Yahoo Finance and from the company's website. Hypothesis testing using the Smart PLS application. The test results show that people affect the decision of green bonds and company performance, while profit and planet have no significant effect on green bonds or company performance.
The Study of Relationship of Soil Physics Health and Micro-Climate Characteristics on Paddy Fields Sumani, Sumani; Widhiyastuti, Alfia Nisa; Mujiyo, Mujiyo; Herdiansyah, Ganjar; Maro’ah, Siti
Journal of Applied Agricultural Science and Technology Vol. 8 No. 1 (2024): Journal of Applied Agricultural Science and Technology
Publisher : Green Engineering Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55043/jaast.v8i1.194

Abstract

Global food security and environmental stability will be threatened by population growth, land usage, and land change. Proper soil management in plant production helps reduce temperature and humidity-induced plant deterioration. This study aims to identify soil physics health (SPH), microclimate characteristics, and the relationship between the two in managing organic and inorganic paddy fields. The research location is in Purwantoro District, Wonogiri Regency, using descriptive explorative research, with purposive soil sampling at work map, made by overlay thematic maps, resulting in 9 LMU. The observation and sampling were carried out in the maximum vegetative phase of plants, while the micro-climate is in the generation phase. The determination of the soil physics health status used the scoring method. Using the T-test, Pearson’s correlation test finds the relationship between SPH and micro-climate characteristics and the differences between the two. The results showed the distribution of SPH in organic farming is healthy (74.7) and very healthy (83.3), while inorganic farming is healthy (79.72). The temperature is optimal, ranging from 23.5°C to 30.1°C, but the humidity is minimum in the range of 35.3% to 76.1%. The SPH and micro-climate have a significant relationship, with a positive correlation between air and soil temperature with SPH and a negative correlation between air humidity and soil moisture.
Penerapan Model Pembelajaran Problem Based Learning Berbantukan PPT Interaktif Terhadap Hasil Belajar Siswa SDN 1 Jati Yudapratama, Ammar Firdausi; Sumani, Sumani; Wahyuningsih, Unik
Innovative: Journal Of Social Science Research Vol. 3 No. 5 (2023): Innovative: Journal of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

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

Abstract

Penelitian ini dilatar belakangi oleh rendahnya prestasi belajar intelektual siswa kelas V SDN 1 Jati pada mata pelajaran tematik . Hal ini disebabkan guru tidak menerapkan model pembelajaran yang inovatif dan kreatif. Penelitian ini bertujuan untuk meningkatkan prestasi belajar kognitif SD Kelas V pada pokok bahasan “9 hal di sekitar saya dan orang-orang” dengan menggunakan model problem based learning apalajaan yang didukung media Powerpoint. Interaktif Jenis penelitian yang diusulkan adalah PTK (Penelitian Tindakan Kelas). Data penelitian diperoleh dengan metode tes. Hasil penelitian menunjukkan bahwa kinerja kognitif siswa mengalami peningkatan. Hal ini terlihat dari rata-rata kelas 1 sebesar 77% dan rata-rata kelas 2 sebesar 88%. Dapat disimpulkan bahwa dengan menggunakan model pembelajaran berbasis masalah yang didukung dengan media interaktif powero point dapat meningkatkan hasil belajar kognitif siswa kelas V di SDN 1 Jati.
Peran pengungkapan lingkungan dan sosial terhadap return saham Sumani, Sumani; Limawan , Tamara Letitia
Jurnal Manajemen Maranatha Vol 24 No 1 (2024): Jurnal Manajemen Maranatha
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jmm.v24i1.9811

Abstract

The world community has begun to realize the importance of sustainability amidst the many adverse conditions. In Indonesia, all public companies and financial institutions are required to publish sustainability reports which include information regarding their environmental and social responsibilities. This study aimed to elucidate the impact of corporate environmental and social disclosures on stock returns, moderated by profitability. By selecting the moderating variable and using the LQ-45 index for a certain period, the researchers hope that the results will create novelty from previous research and give rise to new information. The Sustainability Report (SR) is evaluated by the quantity of sustainable items reported in the Sustainability Report Disclosure Index (SRDI) in accordance with the Global Reporting Initiative (GRI) Standards, relative to the number of sustainable goods that ought to be disclosed. For environmental, social, and governance variables, compare the quantity of declared environmental, social, and governance elements in the SRDI to the quantity that ought to be disclosed. This study employs the Moderated Regression Analysis (MRA) technique utilising SPSS software. This study's population comprised 45 companies from the LQ-45 Index, incorporated in the IDXESGL index utilising the GRI Index, from February to July 2024, which issued sustainability and annual reports for 2021-2022, marking the inception of the IDXESGL Index. Thirty-five companies met the criteria. This study uses a data processing program, the SPSS version 25. This study employs descriptive statistical tests, coefficient of determination tests, and hypothesis testing for data analysis. The findings of this study demonstrate no impact of environmental and social transparency on stock returns. Profitability as a moderating element does not enhance the impact of social transparency on stock returns. Nonetheless, profitability can enhance the impact of environmental disclosure on stock returns.
BUILDING WORD-OF-MOUTH IN EDUCATIONAL TOURISM DESTINATIONS: THE ROLE OF MEDIATION PERCEIVED VALUE AND TOURIST SATISFACTION Suryaningsih, Ika Barokah; Sumani, Sumani; Haqi, Roikha Nurul; Putri, Rizky Atika Salsabila Ivabianca
Referensi : Jurnal Ilmu Manajemen dan Akuntansi Vol 11, No 2 (2023)
Publisher : Unitri Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33366/ref.v11i2.4928

Abstract

This research aims to examine the mediating role of perceived value and tourist satisfaction on the influence of the destination's image on word of mouth at Blitar Chocolate Village as an educational tourism destination. This explanatory research used incidental sampling techniques to determine tourist respondents who were on educational tour visits as many as 130 people. The data is analyzed using partial least squares (PLS) with SmartPLS 4.0 software to analyze the data.. As a result, Perceived value is not able to mediate the image of the destination to word of mouth, but tourist satisfaction is able to mediate the image of the destination to word of mouth Blitar Chocolate Village. For further research, other variables can be added to find out updates and developments regarding factors that can affect perceived value, tourist satisfaction, and word of mouth.
Pengabdian Masyarakat Budidaya Cacing Tanah pada Media Blotong di Bawah Tegakan Tanaman Tahunan Sutarno, Sutarno; Komariah, Komariah; Ariyanto, Dwi Priyo; Sumani, Sumani; Suyana, Jaka
E-Dimas: Jurnal Pengabdian kepada Masyarakat Vol 14, No 3 (2023): E-DIMAS
Publisher : Universitas PGRI Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26877/e-dimas.v14i3.12682

Abstract

Pengabdian masyarakat ini bertujuan untuk mentransfer IPTEK berupa budidaya cacing tanah dengan berbagai media dibawah tegakan tanaman tahunan di Dusun Gemblung, Desa Wonosari, Kecamatan Gondangrejo, Kabupaten Karanganyar. Pembudidayaan cacing tanah pada lahan agroforestry dapat menjadi solusi untuk memperbaiki kondisi biofisik tanah dalam jangka waktu dekat maupun panjang. Selain itu, hasil dari budidaya cacing tanah dapat di jual sehingga dapat meningkatkan pendapatan petani. Kelompok tani Makmur 1 dan 2 beranggotakan petani kecil, dimana kegiatan bertani adalah hanya merupakan kerja sambilan dan bukan penghasilan utama. Sehingga rata-rata jumlah lahan yang dimiliki kurang dari 1 ha. Dengan kepemilikan yang kecil ini, mereka menjalankan sistem pertanian secara konvensional dengan sangat sederhana. Lahan-lahan yang bisa digunakan secara produktif masih banyak yang belum difungsikan. Permasalahan lain kondisi tanah vertisol yang memiliki tekstur liat sehingga perkembang biakan cacing tanah pada tajuk tanaman merupakan salah satu solusi untuk meningkatkan aerasi dan porositas tanah. Dengan kebutuhan cacing tanah sebagai pupuk vermikompos yang sangat tinggi dalam skala nasional, hal ini merupakan salah satu peluang untuk mengembangkan budidaya cacing tanah di bawah tegakan yang sesuai dengan kebutuhan hidupnya. Makanan utama cacing tanah yang merupakan bahan organik, maka seresah tanaman yang mengandung cukup banyak N merupakan tempat yang sesuai. Berdasarkan pada kemampuan tersebut, cacing tanah juga dapat dimanfaatkan untuk mengatasi permasalahan limbah organik seperti kotoran sapi, limbah dapur, limbah penggilingan gula. Maka kami tim pengabdian memberikan solusi berupa pelatihan cara memanfaatkan tegakan pohon dan limbah organik untuk membudidayakan cacing tanah.
HOW DOES DIGITAL FINANCIAL LITERACY RELATE TO THE FINANCIAL PERFORMANCE OF MSMES TOURISM FIRMS? THE MEDIATING ROLE OF FINANCIAL BEHAVIOR Awwaliyah, Intan Nurul; Sumani, Sumani; Singgih, Marmono; Widodo, Roni
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 12, No 1 (2023): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v12i1.60356

Abstract

MSMEs play a significant role in the digital economy. This highlights the need for governments to focus on their development beyond financing and improving their digital literacy. This study investigates the impact of digital financial literacy on the financial performance of MSMEs at Pancer Puger Beach, Jember, with a specific focus on the role of financial behavior in promoting this relationship. This study used a mixed method with an exploratory sequential design combining qualitative data gathered from focus group discussions, in-depth interviews, and observations. Quantitative data were collected through questionnaires from 120 MSMEs respondents obtained via snowball sampling and analyzed using the partial least squares method. The results show that (1) Digital financial literacy affects financial performance, (2) Digital financial literacy affects financial behavior, and (3) Financial behavior affects the financial performance of MSMEs, while financial behavior serves as a mediator between financial literacy and financial performance. The findings suggest that tourism MSMEs can adapt and thrive in line with Indonesia's digital financialization.JEL: G41, L26, L83.
PROGRAM PELATIHAN MANAJEMEN BINAAN YAYASAN GUGAH NURANI INDONESIA Soelasih, Yasintha; Winstinindah Sandroto, Christine; Sumani, Sumani; Madyakusumawati, Synthia
Martabe : Jurnal Pengabdian Kepada Masyarakat Vol 7, No 3 (2024): MARTABE : JURNAL PENGABDIAN KEPADA MASYARAKAT
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jpm.v7i3.783-787

Abstract

Koperasi juga hingga saat ini terus berkembang dan menjadi andalan masyarakat untuk memutar roda perekonomian. Hal ini tercermin dari data Kementerian Koperasi dan UKM (Kemenkop UKM) tahun 2020 yang mengalami kenaikan jika dibandingkan dengan tahun 2019. Pada tahun 2019, jumlah koperasi aktif sebanyak 123.048 unit dengan volume usaha Rp154 triliun dan jumlah anggota sekitar 22 juta orang. Sedangkan pada Desember 2020, jumlah koperasi aktif sebanyak 127.124 unit dengan volume usaha Rp174 triliun dan jumlah anggota sekitar 25 juta orang. Namun demikian, koperasi pada masa pandemi ini juga mengalami berbagai kendala untuk menjalankan usahanya. Sebagian besar koperasi mengalami pengembalian pinjaman yang terganggu, omzet menurun, penarikan simpanan, penundaan Rapat Anggota Tahunan, dan kendala lainnya. Pengembangan koperasi pun memiliki tantangan sendiri, sehingga perlu dilakukan upaya penguatan peran koperasi. Terkait dengan pengelolaan manajemen kelembagaan, peningkatan kapasitas SDM koperasi, penggunaan teknologi dan sistem informasi baik dalam manajemen koperasi maupun dalam menjalankan usahanya, perlu dilakukan pembinaan dan pendampingan serta kemitraan. Salah satu upaya yang dapat dilakukan untuk mengatasi tantangan yang dihadapi adalah melalui modernisasi koperasi. Demikian juga pengurus koperasi perlu mendapat pelatihan mengenai manajemen koperasi yang baik. Mereka harus mengenali bagaimana melakukan proses pemasaran yang baik. Berkaitan dengan hal diatas, Yayasan Gugah Nurani  Indoensai dapat bekerjasama dengan Universitas Katolik Indonesia Atma Jaya dalam meningkatkan kinerja koperasi dan kelompok usaha di wilayah dampingan Batavia CDP.