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Analysis of the Effect of Profitability, Solvency, and Activity Ratios on Firm Value in Conventional Banks in Indonesia During the 2021–2024 Period Araujo, Delia Iria Magno de; Pandin, Maria Yovia R; Kusmaningtyas, Amiartuti
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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Abstract

This study aims to analyze the effect of profitability, solvency, and activity ratios on firm value in conventional banks listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The financial ratios examined include Return on Assets (ROA), Return on Equity (ROE), and Debt to Equity Ratio (DER), while firm value is measured using stock prices. The research employs a quantitative approach with multiple linear regression analysis, supported by SPSS version 27. Data were collected from audited annual reports of 15 conventional banks selected through purposive sampling. The results indicate that ROA, ROE, and DER have a significant simultaneous and partial influence on stock prices. The regression model passes all classical assumption tests and demonstrates an R² value of 0.68, meaning 68% of the variation in stock prices can be explained by the three financial ratios. These findings highlight the importance of financial performance as a determinant of firm value in the banking sector.
The Influence of Financial Literacy and Fintech Usage on Investment Interest Among Generation Z in Jakarta: The Mediating Role of Financial Self-Efficacy Frimayasa, Agtovia; Pandin, Maria Yovia R; Kusmaningtyas, Amiartuti
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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Abstract

This study aims to analyze the influence of financial literacy and fintech usage on investment interest among Generation Z in Jakarta, with financial self-efficacy as a mediating variable. Using a quantitative explanatory research design, data were collected from 100 respondents aged 18–27 through purposive sampling. Structural Equation Modeling using SmartPLS was employed to test direct and indirect relationships among variables. The results reveal that both financial literacy and fintech usage significantly influence investment interest, with fintech usage showing the strongest effect. Financial self-efficacy also plays a significant mediating role, bridging the gap between knowledge, technology access, and investment behavior. These findings highlight the importance of combining financial education, digital access, and psychological empowerment to enhance investment participation among youth. The study contributes to behavioral finance literature and provides insights for policymakers and fintech developers in designing inclusive and confidence-building financial programs for young investors.
The Transformation of Timor Leste's Financial System: From a Cash Based Economy to Digital Financial Inclusion Maia, Fonseca de Jesus; Pandin, Maria Yovia R; Kusmaningtyas, Amiartuti
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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This study explores the transformation of Timor Leste’s financial system from a cash-based economy toward inclusive digital finance. Using a qualitative approach and secondary data analysis, the research examines the structural barriers of a cash-dominated system, the progress of digital initiatives, and the strategic steps required for sustainable transformation. Findings reveal that while over 70% of transactions are still cash-based, financial access points have increased by 200% between 2019 and 2020. Initiatives such as mobile wallets and branchless banking have shown promise but are hindered by poor infrastructure, weak regulatory frameworks, and low digital and financial literacy. The study identifies strong potential in the country’s young demographic and high mobile phone penetration. A phased five-year strategy is recommended, emphasizing infrastructure development, regulatory reform, and public trust-building. This research contributes to the discourse on financial inclusion in emerging economies and offers practical insights for policymakers, financial institutions, and development partners in Timor Leste.
Fiscal Dependence of Timor-Leste on the Oil and Gas Sector: Challenges of Economic Diversification Ximenes, Elias; Pandin, Maria Yovia R; Kusmaningtyas, Amiartuti
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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Abstract

This study analyzes the fiscal dependence of Timor-Leste on the oil and gas sector and the associated challenges in achieving economic diversification. Using a quantitative descriptive approach and time-series secondary data from 2010 to 2023, the findings reveal that oil and gas revenues constitute 85–90% of the state’s total income. This high dependency has led to a vulnerable fiscal structure and limited progress in diversifying the economic base. Regression results show that fiscal dependence negatively affects economic diversification, while infrastructure, GDP per capita, and human development have significant positive impacts. Timor-Leste also ranks lowest among comparable countries in export diversification and structural balance. The study recommends a strategic shift toward investment in non-oil sectors such as agriculture, tourism, and light manufacturing, supported by institutional reform and human capital development. These efforts are essential to reduce fiscal risks and build a more resilient and inclusive economy.
The Influence of Operational Efficiency, Credit Risk, and Market Risk on the Profitability of State-Owned Banks Listed on the Indonesia Stock Exchange Magalhaes, Cancio Andhika Irawan; Pandin, Maria Yovia R; Kusmaningtyas, Amiartuti
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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This study aims to examine the influence of operational efficiency, credit risk, and market risk on the profitability of state-owned banks listed on the Indonesia Stock Exchange during a post-crisis period. Using a quantitative approach and multiple linear regression analysis, the research investigates the relationship between BOPO, NPL, and NIM as independent variables, and ROA as the dependent variable. The findings indicate that all three variables have a significant impact on profitability, both partially and simultaneously. Interestingly, both BOPO and NPL exhibit a positive relationship with ROA, suggesting possible institutional factors or strategic management decisions unique to state-owned banks. Meanwhile, NIM shows a consistent positive effect, reinforcing its role in profit generation. The model satisfies all classical assumptions and demonstrates strong explanatory power. These results offer valuable insights for policymakers and banking practitioners in improving financial performance and managing key financial indicators in the state banking sector.
Green Transformational Leadership in Enhancing Employees' Eco-Friendly Behavior Through Work Satisfaction at PT. Farm Surabaya Naufal, Azel; Kusmaningtyas, Amiartuti; Mujanah, Siti
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1527

Abstract

This study aimed to examine the influence of green transformational leadership on employee green behavior, with job satisfaction as an intervening variable among employees in the hotel department of PT. Farm in Surabaya. The sample for this research consisted of 70 employees from PT. Farm in Surabaya. Data were collected using questionnaires, and data analysis was performed using path analysis with SmartPLS software.  The results of this study indicate that green transformational leadership has a significant effect on employee green behavior, green transformational leadership has a significant effect on job satisfaction, and job satisfaction has an insignificant effect on employee green behavior. The variable proven to have a more dominant influence should be maintained at least and, if possible, enhanced
Peran Work Engagement dalam Memediasi Kecerdasan Emosional, Spiritual, dan Intelektual terhadap Kinerja Dosen: Efek Moderasi Dukungan Organisasi Kusmaningtyas, Amiartuti; Mujanah, Siti; Suherman, Achmad Daengs Gatot; Istanti, Enny
Jurnal Kajian Ilmiah Vol. 25 No. 3 (2025): September 2025
Publisher : Lembaga Penelitian, Pengabdian Kepada Masyarakat dan Publikasi (LPPMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31599/wkkc6176

Abstract

Tujuan dari penelitian ini adalah untuk mempelajari bagaimana kecerdasan emosional, kecerdasan spiritual, dan kecerdasan intelektual memengaruhi kinerja seorang dosen; keterlibatan di tempat kerja dianggap sebagai variabel moderasi, dan dukungan organisasi dianggap sebagai variabel mediasi. Temuan sebelumnya yang tidak konsisten tentang kontribusi ketiga kecerdasan tersebut terhadap kinerja adalah masalah utama. Ini terutama berlaku untuk perguruan tinggi swasta. Studi ini melakukan penelitian kuantitatif dengan desain korelasional. Sampel penelitian terdiri dari 130 dosen tetap yang dipilih secara purposive. Instrumen pengumpulan data berupa kuesioner terstandar yang telah dimodifikasi, meliputi tes kecerdasan emosional, spiritual, intelektual, skala keterikatan kerja, persepsi dukungan organisasi, dan indikator kinerja dosen. Analisis data dilakukan dengan metode Structural Equation Modeling–Partial Least Squares (SEM-PLS). Hasil penelitian menunjukkan bahwa kecerdasan spiritual berdampak negatif terhadap keterikatan kerja, sedangkan kecerdasan emosional dan kecerdasan intelektual berdampak positif. Karena keterikatan kerja tidak mempengaruhi kinerja dosen secara signifikan, peran mediasi hanya muncul secara parsial melalui jalur kecerdasan spiritual. Terbukti bahwa kinerja dosen dipengaruhi secara langsung oleh dukungan organisasi; namun, hubungan antara keterikatan kerja dan kinerja tidak diperkuat. Penelitian ini menemukan bahwa meningkatkan kecerdasan emosional dan intelektual dosen, menyelaraskan nilai spiritual dengan tujuan kinerja, dan mendapatkan dukungan organisasi yang lebih besar sangat penting. Secara teoritis, penelitian ini membantu mengembangkan model Job Demands–Resources di institusi pendidikan tinggi swasta. Namun, secara praktis, temuan-temuan ini dapat digunakan sebagai dasar untuk kebijakan manajemen sumber daya manusia di perguruan tinggi.    
Transformational Leadership, Knowledge Sharing Culture to Increase Personal Competency Development Through Knowledge Sharing Satisfaction as a Mediation Variable and Self-Efficacy as a Moderating Variable for Employees of PT. Wahana Lintas Nusantara Surabaya Karimah, Nurul; Kusmaningtyas, Amiartuti; Ardiana, Dewa Ketut Raka
Indonesian Journal Economic Review (IJER) Vol. 5 No. 2 (2025): October
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v5i2.597

Abstract

The purpose of this study was to prove and analyze transformational leadership, knowledge sharing culture to improve personal competency development through knowledge sharing satisfaction as a mediating variable and self-efficacy as a moderating variable in employees of PT. Wahana Lintas Nusantara Surabaya. The type of research used is quantitative with an explanatory approach. The population and sample of respondents in this study amounted to 168 employees of PT. Wahana Lintas Nusantara Surabaya using saturated techniques. Data collection using gform and measured using a Likert scale. The analysis technique uses the Structural Equation Model (SEM) tool, then the Partial Least Square (PLS) and IBM SPSS 26 programs are used. The results of this study indicate that: 1). Transformational leadership has a significant positive effect on knowledge sharing satisfaction at PT. Wahana Lintas Nusantara Surabaya. 2). Knowledge sharing culture has a significant positive effect on knowledge sharing satisfaction at PT. Wahana Lintas Nusantara Surabaya. 3). Knowledge sharing satisfaction has a significant positive effect on personal competency development at PT. Wahana Lintas Nusantara Surabaya. 4). Moderating self-efficacy positively and significantly affects the satisfaction of knowledge sharing towards personal competency development. 5). Mediating satisfaction of knowledge sharing positively and significantly affects transformational leadership towards personal competency development at PT. Wahana Lintas Nusantara Surabaya. 6). Mediating satisfaction of knowledge sharing positively and significantly affects the culture of knowledge sharing towards personal competency development at PT. Wahana Lintas Nusantara Surabaya.
Green HRM Practices to Increase Green Creativity through Person Organization Fit in Employees of Glue Industry Companies in Surabaya Laisoka, Duvan Samudra; Kusmaningtyas, Amiartuti; Riyadi, Slamet
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.960

Abstract

This study investigates the impact of Green Human Resource Management (Green HRM) practices on green creativity, mediated by person-organization fit among employees in the adhesive industry in Surabaya, Indonesia. Data were collected from 130 employees of PT X using a structured questionnaire. The results indicate that Green HRM practices positively influence person-organization fit, which in turn significantly enhances green creativity. Although Green HRM practices do not have a direct effect on green creativity, they foster an environment that supports innovative thinking by aligning employee values with organizational goals. These findings suggest that organizations can enhance green innovation by implementing comprehensive Green HRM practices that strengthen person-organization fit. This research contributes to the understanding of how Green HRM can be leveraged to promote sustainability and creativity within the manufacturing sector.
Green HRM Practices to Improve Environmental Performance through Green Culture in Employees PT. Industri Pangan in Mojokerto Handayani, Trisna Duwi; Kusmaningtyas, Amiartuti; Mujanah, Siti
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1306

Abstract

This research aims to analyze Green HRM Practices to improve Environmental Performance through Green Culture among PT Food Industry in Mojokerto. Green HRM integrates traditional HR functions such as recruitment, training, performance management, and employee engagement with environmentally conscious practices to foster cultural sustainability and environmental performance within an organization. The research method used in this research is a quantitative approach. The data collection technique used was a survey using a questionnaire instrument. The population used was 940 employees, the sample used was 90 employees using Slovin calculations, and the sampling technique used was Random Sampling. The data analysis technique uses path analysis with the help of SmartPLS 4 software. The research results show that the Green HRM Practices variable has a significant effect on Green Culture. The Green Culture variable has no significant effect on Environmental Performance. The Green HRM Practices variable has a significant effect on Environmental Performance. The Green HRM Practice variable on Environmental Performance with Green Culture as a mediator has no significant influence on PT Food Industry in Mojokerto. Variables that are proven to have a more dominant influence are at least retained, if possible, they can be improved.