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Improving company value: the role of human capital, structural capital, capital employed, investment decisions, and manager's attitude to risk Sumiati Sumiati; Risna Wijayanti; Pusvita Yuana; Choirul Nikmah
BISMA (Bisnis dan Manajemen) Vol. 14 No. 2 (2022)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (302.601 KB) | DOI: 10.26740/bisma.v14n2.p110-123

Abstract

Various studies show that companies and organizations have realized that knowledge-based capital is an important company asset. Managing the company's knowledge-based capital is one of the important tasks to encourage companies to compete with other companies. This study aims to identify the knowledge-based capital in human capital, structural capital, and capital employed by companies and its effect on investment decisions that affect company value. Through literature review, this concept also incorporates managers' risk attitude, which is part of ERM (Enterprise Risk Management) to develop the concept of Knowledge-based Risk Management (KBRM). Based on path analysis using AMOS, the result shows direct influence of human capital and capital employed on investment decisions is not significant. Meanwhile, the direct influence is significant. Investment decision does not mediate the relationship between human capital, structural capital, and capital employed on company value. Furthermore, managers' attitude to risk as risk-averse weakens the relationship between investment decisions and company value. Based on that result, companies need to reconsider managers’ behaviour in facing risks so that managers able to take risks when deciding on investments in the future and increase the value of the company.
Community Social Capital and Firm Performance Fitriana Rahmawati; Ainur Rofiq; Risna Wijayanti
Journal of International Conference Proceedings (JICP) Vol 4, No 1 (2021): Proceedings of the 9th International Conference of Project Management (ICPM) Mal
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v4i1.1144

Abstract

This study aims to contribute to the social capital theory. This goal is achieved through determine the relationship between social capital and firm performance. It is carried out because SME's have limited access to resources. SME's need other alternatives to sustain their business. Small entrepreneurs feel the need to focus more on their internal resources. The development of the theory of social capital is important. In contrast to most previous studies, this research uses qualitative study research methods. To obtain the data, in-depth interviews with key informants were conducted. The finding shows that social capital consists of reciprocity, trust, network, and norms. This study also provides evidence that social capital plays a pivotal role in SME performance. Small entrepreneurs get various benefits after joining the group. In addition, social capital can help empower ordinary housewives to become small-scale entrepreneurs. In conclusion, strong social capital can improve business performance, thereby encouraging the economy to grow. The results of this research can be used as consideration for business entities to strengthen their business performance. More than that, this research is also used as a guide in determining strategic SME development policies for government. This research also contributes to the development of strategic management theory.
The Development of Modern Business Supported by Local Resources for Efficiency: Utilization of Traditional Medicine Moeljadi Moeljadi; Risna Wijayanti; Wahdiyat Moko; Suseno Haji
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.2090

Abstract

The development of tourism after COVID-19 era begins to show positive results. One of the tourism sectors that the Indonesian Government wants to improve is village tourism. There are many potential villages in Indonesia but they are still not well developed. One of those villages is Pandansari Lor in Malang Regency. The purpose of this research is to turn this potentials into profitable businesses for the villagers. The method used in this research is exploratory qualitative. The results of this study showed that the enthusiasm of the village community to be more productive has greatly increased so in the future of the village can be a creative village. The manifestation of this creativity can later be implemented by opening cafes and culinary places that provide herbal medicine for visitors while they are enjoying the panorama. So that visitors can remember Pandansari Lor as medical village that use green environment in its process. The main goal of the project is to improve the welfare of the village community. Keywords: Tourism Village, Creative Village
Assistance in Preparation of the Operational Budget at the Noor Arsy Foundation in Gondanglegi District Himmiyatul Amanah Jiwa Juwita; Risna Wijayanti; Yovita Leyla Pradipta; Atim Djazuli
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1943

Abstract

The assets of the foundation can be in the form of money or goods, whether it comes from donations, endowments, grants, will grants and other acquisitions that do not conflict with the Foundation's Articles of Association or the prevailing laws and regulations. The foundation must periodically make an accountability report for the funds obtained from donors in detail related to the planned use of funds receipts and expenditure plans. Foundation funding assistance is usually a non-permanent aid, so institutions will be very vulnerable to financial difficulties if the expenditure is greater than the incoming funds, especially during the current pandemic. Foundation management must be able to think critically in strategic financial plans for foundation funds, so that if the funds they have are limited they will be able to allocate them appropriately and efficiently
Assistance in the Preparation of Financial Strategic Plans at the Noor Arsy Foundation Risna Wijayanti; Himmiyatul Amanah Jiwa Juwita
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1979

Abstract

The Foundation has an organ consisting of Trustees, Management, and Supervisors. The management of wealth and the implementation of foundation activities are carried out entirely by the Management. The foundation must periodically make an accountability report for the funds obtained from donors in detail related to the planned use of funds receipts and expenditure plans. The problem faced by the Foundation is how to obtain sustainable sources of funds used to finance the company's operational activities. As a result of this condition the Foundation cannot operate continuously. This problem is caused by 1) Lack of understanding of the Noor Arsy Foundation management regarding the preparation of the Foundation's financial strategic plan, so that the plan to obtain funding sources has not been well planned, 2) There is no good understanding of how to draw up a financial strategic plan to provide adequate financial information for sustainability. foundation, 3) Documentation of financial data information used to prepare financial strategic plans has not been well documented. Based on the problems above, it is very necessary to assist in the preparation of strategic financial plans to maintain the sustainability of the Foundation
Biased behavior in borrowing from loan sharks Novita Rahayu Pratiwi; Nur Khusniyah Indrawati; Risna Wijayanti
Jurnal Ekonomi & Keuangan Islam Volume 9 No. 1, January 2023
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol9.iss1.art3

Abstract

Purpose – This study aims to explore and understand how the mindset of merchant women in Montong Traditional Market so choose loan sharks as their loan source, which refers to the perspective of behavior and financial literacy.Methodology – This qualitative research with a Schutz phenomenological design, takes the research setting in Montong Traditional Market, Tuban. Data were collected through observation, interviews, and documentation.Findings – The results of the study show five biased of merchant women towards loan sharks, namely confirmation bias, framing, herding effect, hindsight bias, and representativeness. 'Agamis' in the merchant women in Montong Traditional Market does not guarantee that she is free from loan sharks. Implications – The results of this study indicate that related parties, such as religious leaders, the society leader, and cooperatives in Montong Traditional Market, Tuban, are expected to be able to increase education related to financial literacy through existing programs effectively and efficiently. Banks and cooperatives in the Montong Traditional Market area should be able to pick up the ball by providing door-to-door services to merchant women in Montong Traditional Market as a maximum effort to eradicate loan shark practices.Originality – This study explores the mindset of merchant women on loan sharks, whereas previous studies related to loan sharks have only explored them from an economic perspective.
The Role of Relational Capital in the Relationship between Human Capital and Financial Performance Sumiati Sumiati; Risna Wijayanti; Hanifa Bennu Nur
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1941

Abstract

The presence of increasingly fierce competition in the industrial era 4.0 necessitates companies having high and rapid innovation capabilities that can maintain and spur competitiveness. Human capital has been identified as a source of competitive advantage as well as a critical success factor in improving firm performance (Wright and McMahan, 1992; Hall, 1993; Pfeffer, 1994). However, human capital consists not only of the ability to share, combine, and transfer knowledge, but also of the ability to network with various related parties in order to form cross-functional teams. The goal of this research is to discover the relationship between human capital and firm financial performance as mediated by relational capital. The sample for this study consists of 80 manufacturing companies listed on the Indonesia Stock Exchange. Multiple regression analysis was used in this study as an analytical technique. Human capital has no effect on financial performance, and relational capital does not significantly mediate the relationship between human capital and financial performance, according to the findings. The insignificant effect of relational capital could be explained by the availability of information about the company's environment that has not been used optimally to build relational capital in order to improve company performance
Dampak Bantuan dalam Penyusunan Rencana Strategis Keuangan di Yayasan Noor Arsy, Kabupaten Gondanglegi Risna Wijayanti; Himmiyatul Amanah Jiwa Juwita
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 4 No. 5 (2023): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN) SPECIAL ISSUE
Publisher : Cv. Utility Project Solution

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Abstract

Yayasan ini memiliki struktur organisasi yang terdiri dari Dewan Pengawas, Manajemen, dan Pengawas. Manajemen bertanggung jawab sepenuhnya atas pengelolaan kekayaan dan pelaksanaan kegiatan yayasan. Yayasan wajib secara berkala menyusun laporan pertanggungjawaban atas dana yang diterima dari para donatur dengan rincian mengenai rencana penggunaan dan pengeluaran dana. Salah satu masalah yang dihadapi oleh Yayasan adalah bagaimana mendapatkan sumber dana yang berkelanjutan untuk mendukung kegiatan operasional perusahaan. Akibat kondisi ini, Yayasan tidak dapat beroperasi secara berkelanjutan. Berdasarkan permasalahan di atas, bantuan dalam penyusunan rencana strategis telah dilaksanakan di Yayasan Noor Arsy pada tahun 2022. Hasil dari bantuan dan perkembangan yang muncul setelah bantuan tahun sebelumnya menghasilkan langkah lanjutan oleh tim untuk kembali ke Yayasan Noor Arsy pada tahun 2023. Tim melihat bagaimana penyusunan rencana strategis di Yayasan yang telah diimplementasikan selama satu tahun
Maksimalkan Pemanfaatan Sumber Daya Lokal dalam Proses Bisnis untuk Pengembangan Industri Desa Hilir Moeljadi Moeljadi; Risna Wijayanti
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 4 No. 5 (2023): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN) SPECIAL ISSUE
Publisher : Cv. Utility Project Solution

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Abstract

Penelitian ini mengeksplorasi pentingnya memanfaatkan sumber daya lokal dalam proses bisnis sebuah desa menuju pengembangan industri hulu. Dengan berfokus pada desa Pandansari Lor sebagai studi kasus, penelitian ini menyelidiki tantangan yang dihadapi petani dalam sektor budidaya singkong akibat struktur pasar yang dikendalikan oleh tengkulak. Selain itu, penelitian ini mengeksplorasi implementasi teknologi inovatif seperti mesin parut singkong dan teknologi penyaring air bersih untuk meningkatkan rantai nilai dan mendorong pengembangan industri hulu. Penelitian ini mengungkap bahwa petani di desa Pandansari Lor telah mengalami kerugian selama bertahun-tahun akibat pasar singkong yang tidak menguntungkan. Untuk mengatasi masalah ini, mesin parut singkong telah dikembangkan, memungkinkan proses parut yang lebih cepat dan terstandarisasi. Teknologi ini tidak hanya memfasilitasi produksi camilan berbasis singkong, tetapi juga memungkinkan pencampuran tanaman obat tradisional, yang telah lama dibudidayakan dan dimanfaatkan oleh para petani. Sejalan dengan teknologi penyaring air bersih, desa bertujuan untuk membentuk sistem produksi industri makanan UMKM berbasis kesehatan. Sistem ini memastikan penggunaan air bersih dalam proses pencucian singkong, teknik pengolahan dan penggorengan yang tepat, serta produksi krupuk sarmiler kering dan bebas minyak. Proses downstreaming produksi dan teknologi melibatkan pengembangan prototipe mesin, modifikasi produk dengan fokus pada kesehatan konsumen, dan edukasi publik. Tujuan utama dari penelitian ini adalah menciptakan area wisata desa yang mendorong keberlanjutan ekologis dan pertumbuhan industri. Dengan memanfaatkan sumber daya lokal, memberdayakan petani, dan menerapkan teknologi inovatif, Pandansari Lor bertujuan untuk menjadi desa model yang menghasilkan peluang ekonomi sambil memprioritaskan kekhawatiran lingkungan.