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PENGARUH ARUS KAS TERHADAP INVESTASI DENGAN AGENCY COST SEBAGAI VARIABEL INTERVENING Muhammad Irsyad Ash Siddiqi; Fifi Swandari; Dian Masita Dewi
Journal of Social and Economics Research Vol 7 No 1 (2025): JSER, June 2025
Publisher : Ikatan Dosen Menulis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/jser.v7i1.849

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh arus kas terhadap investasi dengan variabel intervening yaitu agency cost yang diproksikan dengan free cash flow. Berdasarkan tujuan tersebut maka dalam penelitian ini telah dirumuskan empat hipotesis. Metode sampel menggunakan metode purposive sampling dimana terdapat 19 emiten perusahaan yang tergabung dalam indeks LQ45. Untuk memudahkan pemecahan masalah, penelitian ini dilaksanakan dengan menggunakan analisis persamaan struktural (SEM) berbasis varian dengan software SmartPLS 3. Hasil penelitian ini menunjukkan diantaranya bahwa arus kas berpengaruh positif dan signifikan terhadap investasi. Arus kas berpengaruh positif dan signifikan terhadap agency cost. Agency cost tidak berpengaruh signifikan terhadap investasi. Agency cost tidak dapat dijadikan variabel mediasi terhadap investasi.
Halal Certification Assistance as an Effort to Strengthen the MSME Based Halal Industry in Maringgit Village Lestari, Haifa; Maulida, Sri; Swandari, Fifi; Haliza, Nur; Amirah, Nida
Pena Dimas: Jurnal Pengabdian Masyarakat Vol 4, No 1 (2025): Pena Dimas: Jurnal Pengabdian Masyarakat
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33474/penadimas.v4i1.29488

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in sustaining local economies, yet they face persistent challenges related to product legality, hygienic packaging, and adoption of modern marketing strategies. In Maringgit Village, Hulu Sungai Tengah Regency, most MSMEs specialize in traditional food products such as kue cincin (ring-shaped cake), roti beras (rice bread), kue apam (apem or steamed cake), kue jabuk (jabuk cookies), and kacang gula (sugar-coated peanuts). Although these products are widely consumed locally, their competitiveness in broader markets is limited due to the absence of halal certification, weak branding, and low digital literacy. This community service program aimed to strengthen the capacity of 30 MSMEs by facilitating halal certification while enhancing product identity and marketing strategies. The implementation method combined Participatory Action Research (PAR) to involve MSMEs in identifying problems and solutions, Asset-Based Community Development (ABCD) to optimize local culinary potential as economic capital, and Service Learning (SL) to integrate student participation in mentoring and capacity building. Activities included socialization, administrative assistance for halal certification through the SiHalal system, training on digital marketing and packaging design, provision of halal-compliant production facilities, and structured evaluation. The results showed that 18 MSMEs successfully obtained halal certification from BPJPH, all participants updated product logos and adopted more hygienic packaging, and received production tools such as stoves, pans, woks, presses, containers, and gas cylinders. Social impacts also emerged, including the establishment of the Maringgit Halal MSME Group, the emergence of local leaders, and increased collective awareness of halal industry standards. Overall, the program successfully met its objectives by producing halal-certified products while enhancing MSME competitiveness and institutional capacity. These findings will strengthen Maringgit Village’s potential as a hub for the MSME-based halal industry and also support the achievement of sustainable development goals (SDGs) 9 and 12.
Pengaruh Profitabilitas dan Ukuraan Perusahaan pada Harga Saham Perbankan 2012-2018 Wardhana, Muhammad Ridha; Swandari, Fifi; Sadikin , Ali
Journal of Comprehensive Science Vol. 3 No. 5 (2024): Journal of Comprehensive Science (JCS)
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/jcs.v3i5.715

Abstract

Laporan keuangan yang disusun secara baik dan akurat dapat memberikan gambaran keadaaan yang nyata mengenai hasil atau prestasi yang telah dicapai oleh suatu perusahaan selama kurun waktu tertentu, keadaan inilah yang digunakan untuk menilai kinerja keuangan. Apalagi informasi mengenai kinerja keuangan suatu perusahaan sangat bermanfaat untuk berbagai pihak seperti investor, kreditur, pemerintah, bankers, pihak manajemen sendiri dan pihak-pihak lain yang berkepentingan. Tujuan dari penelitian ini adalah menganalisis pengaruh Net Profit Margin (NPM), Return On Equity (ROE), dan ukuran perusahaan terhadap harga saham Perbankan 2012-2018, sehingga dapat menjadi tolak ukur bagi investor dalam berinvestasi. Penelitian ini termasuk dalam jenis penelitian kausal komparatif, yaitu tipe penelitian dengan karakteristik masalah berupa sebab akibat antara dua variabel atau lebih. Berdasarkan sumber data penelitian ini termasuk dalam jenis penelitian sekunder yaitu suatu penelitian dimana peneliti tidak melakukan observasi langsung, namun hanya mengambil data yang disajikan pihak lain. Hasil Penelitian diperoleh Variabel Net Profit Margin (NPM) berpengaruh signifikan terhadap harga saham Perbankan. Variabel Return On Equity (ROE) berpengaruh signifikan terhadap harga saham Perbankan. Variabel Ukuran Perusahaan berpengaruh signifikan terhadap harga saham Perbankan.
Kinerja Keuangan Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Ditinjau Dari Rasio Keuangan (Studi Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun2015-2018) Budhiyanto, Arif; Swandari, Fifi; Jikrillah, Sufi
Jurnal Nusantara Aplikasi Manajemen Bisnis Vol 5 No 2 (2020): Jurnal Nusantara Aplikasi Manajemen Bisnis
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/nusamba.v5i2.15029

Abstract

Abstract The aim of this research is to examine and analyse the impact of activity ratio with fixed assets turnover, total assets turnover, and working capital turnover on profitability ratio with return on assets and return on equity as the measurement standart. The objects of this research were Food and Beverages Industries listed at BEI in 2015-2018 period. According to the above objectives, six hypotheses have been formulated. The samples in this research were taken by “sampling jenuh” method using certain criteria to be fulfilled. This research used 16 samples, which one of them did not fulfill the criteria, two of them have negatif financial report and three of them have not continue published financial report. To solve the problem, this research used multiple regression analysis processed by SPSS 16.0. The result of the research showed that fixed assets turnover, total assets turnover and working capital turnover had impacts on return on assets in the first equation. In the second equation fixed assets turnover and working capital turnover had impact on return on equity. Meanwhile, total asset turnover did not have impact on return on equity in second equation. Keywords: Fixed assets turnover, Total assets turnover, Working capital turnover Return on assets, Return on equity