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Diversifikasi Portofolio dan Risiko Sistematik terhadap Kinerja Saham Sektor FMCG: Pendekatan Sharpe Ratio dan Treynor Ratio Ridho Ramadhani; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.206

Abstract

Portfolio diversification and systematic risk management are two of the main strategies for investors in dealing with capital market uncertainty, but empirical studies on the influence of both on stock performance still show inconsistencies, especially when performance is measured on different risk bases. This study aims to analyze the influence of portfolio diversification and systematic risk on the stock performance of companies in the Fast Moving Consumer Goods (FMCG) sector listed on the Indonesia Stock Exchange for the 2021–2025 period, as measured through the Sharpe Ratio and Treynor Ratio. The study used an associative quantitative approach with secondary data from eight FMCG companies selected by purposive sampling, resulting in 40 panel data observations. Portfolio diversification is measured through the correlation coefficient between stock returns, while systematic risk is measured through stock beta. Data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, t-test, F test, and determination coefficients with the help of IBM SPSS Statistics 27. The results showed that portfolio diversification had a positive and significant effect on the Sharpe Ratio (t=2.638; Sig.=0.012), but did not have a significant effect on the Treynor Ratio (Sig.=0.877). Systematic risk had a negative and significant effect on the Sharpe Ratio (t=-2.499; Sig.=0.017), but was not significant on the Treynor Ratio (Sig.=0.292). Simultaneously, both variables had a significant effect on the Sharpe Ratio (F=4.933; Sig.=0.013; R²=21.5%), but not significant to the Treynor Ratio (F=0.720; Sig.=0.494; R²=3.7%). This study concludes that the relevance of portfolio diversification and systematic risk to the performance of FMCG stocks is highly dependent on the risk base used in performance measurement, thus making an empirical contribution to the importance of using more than one measure of performance in the evaluation of stock investments.
PENGARUH CAR DAN NPL TERHADAP ROE PADA PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BEI Neneng Suryamah; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.209

Abstract

Return on Equity (ROE) of banking companies listed on the Indonesia Stock Exchange experienced fluctuations during the 2018–2025 period. These fluctuations were presumed to be influenced by the level of capital adequacy reflected in the Capital Adequacy Ratio (CAR) and the level of credit risk measured by the Non Performing Loan (NPL) ratio. This study aims to analyze the effect of Capital Adequacy Ratio (CAR) and Non-Performing Loan (NPL) on Return on Equity (ROE) of banking companies listed on the Indonesia Stock Exchange during the 2018–2025 period, both partially and simultaneously. This study employed a quantitative method with an associative approach. The sample was selected using a purposive sampling technique, resulting in six banking companies with a total of 48 observations. Data were analyzed using IBM SPSS Statistics Version 26. The results indicate that Capital Adequacy Ratio (CAR) has a positive and significant effect on Return on Equity (ROE) (t = 3.627; Sig. = 0.001) with a partial coefficient of determination of 22.7%. Non-Performing Loan (NPL) has a negative and significant effect on Return on Equity (ROE) (t = -6.774; Sig. = 0.000) with a partial coefficient of determination of 50.5%. Simultaneously, Capital Adequacy Ratio (CAR) and Non-Performing Loan (NPL) have a significant effect on Return on Equity (ROE) (F = 36.292; Sig. = 0.000). The coefficient of determination (R² = 0.617) indicates that both independent variables explain 61.7% of the variation in Return on Equity (ROE), while the remaining 38.3% is influenced by other factors outside the research model.  In conclusion, Capital Adequacy Ratio (CAR) and Non-Performing Loan (NPL), both partially and simultaneously, have a significant effect on Return on Equity (ROE) in banking companies listed on the Indonesia Stock Exchange during the 2018–2025 period.
PENGARUH NON PERFORMING LOAN (NPL) DAN LOAN TO DEPOSIT RATIO (LDR) TERHADAP RETURN ON ASSETS (ROA) PADA PERBANKAN BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2016-2025 Novia Rahmawati; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.210

Abstract

This study aims to determine the effect of Non-Performing Loan (NPL) and Loan to Deposit Ratio (LDR) on Return On Assets (ROA) in State-Owned Banks listed on the Indonesia Stock Exchange during the 2016–2025 period. The research method used in this study is causal associative research with a quantitative approach. The sampling technique employed was saturated sampling, resulting in 40 research data samples. The data used were secondary data obtained from the annual reports of State-Owned Banks listed on the Indonesia Stock Exchange (IDX) for the 2016–2025 period, which were accessed through the official websites of each bank. The data were analyzed using SPSS version 26 software. The results of the t-test (partial) indicate that Non-Performing Loan (NPL) has a negative and significant effect on Return On Assets (ROA), as evidenced by the value of tcount > ttable, -5.576 > -2.024 with a significance value of 0.00 < 0.05. Loan to Deposit Ratio (LDR) also has a negative and significant effect on Return On Assets (ROA), as evidenced by the value of tcount > ttable, -2.503 > -2.024 with a significance value of 0.01 < 0.05. Furthermore, the results of the F-test (simultaneous) show that Non-Performing Loan (NPL) and Loan to Deposit Ratio (LDR) simultaneously have a significant effect on Return On Assets (ROA), as evidenced by the value of Fcount > Ftable, 21.832 > 3.25 with a significance value of 0.00 < 0.05. The conclusion of this study shows that, partially, Non-Performing Loan (NPL) has a negative and significant effect on Return On Assets (ROA), and Loan to Deposit Ratio (LDR) also has a negative and significant effect on Return On Assets (ROA). Simultaneously, Non-Performing Loan (NPL) and Loan to Deposit Ratio (LDR) have a significant effect on Return On Assets (ROA).
Pengaruh Book Value Per Share (BVPS) dan Dividend Per Share (DPS) terhadap Harga Saham pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2016-2025 Patmawati Patmawati; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.211

Abstract

Stock price is an important indicator in the capital market that reflects a company's value and serves as a basis for investors in making investment decisions. The stock prices of food and beverage manufacturing companies during the 2016–2025 period were presumed to be influenced by Book Value Per Share (BVPS) and Dividend Per Share (DPS). This study aims to determine the effect of Book Value Per Share (BVPS) and Dividend Per Share (DPS) on stock prices, both partially and simultaneously. This study employed a causal associative method with a quantitative approach. The population of this study was 83 companies with the sample consisted of six companies selected using purposive sampling, resulting in 60 observations. Data were analyzed using IBM SPSS version 26.The results showed that Book Value Per Share (BVPS) tcount 5.413 > ttable 2.002 and Dividend Per Share (DPS) tcount 3.935 > ttable 2.002 have an effect on stock prices. Simultaneously, Book Value Per Share (BVPS) and Dividend Per Share (DPS) also affect stock prices Fcount 86.912 > Ftable 3.159. Based on the results, it can be concluded that Book Value Per Share (BVPS) and Dividend Per Share (DPS), both partially and simultaneously, affect stock prices.
PENGARUH KEAMANAN DATA DAN KEPERCAYAAN NASABAH TERHADAP PENGGUNAAN QUICK RESPONSE INDONESIAN STANDARD (QRIS) PADA MAHASISWA UNIVERSITAS BINA BANGSA KOTA SERANG Siti Aminatul Wirda Ramdani; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.212

Abstract

. The development of financial technology has encouraged the use of digital payment systems through the Quick Response Indonesian Standard (QRIS). However, data security and customer trust remain important factors that may influence users' decisions to utilize QRIS. This study aims to determine the partial and simultaneous effects of data security and customer trust on QRIS usage among eighth-semester Financial Management and Banking students at Bina Bangsa University. The study employed a quantitative method with an associative approach. The sample consisted of 63 respondents selected through probability sampling. Data were collected using a Likert-scale questionnaire and analyzed using multiple linear regression with SPSS version 27. The results show that data security has a positive and significant effect on QRIS usage, with a t-count of 6.990 > t-table of 1.670 and a significance value of 0.000 < 0.05. Customer trust also has a positive and significant effect, with a t-count of 6.820 > t-table of 1.670 and a significance value of 0.000 < 0.05. Simultaneously, data security and customer trust have a positive and significant effect on QRIS usage, with an F-count of 48.719 > F-table of 2.39 and a significance value of 0.000 < 0.05. The coefficient of determination of 61.9% indicates that the two independent variables explain 61.9% of the variation in QRIS usage, while the remaining 38.1% is explained by other factors outside the study.
PENGARUH NILAI EKSPOR DAN KURS DOLLAR TERHADAP PERTUMBUHAN EKONOMI NASIONAL PERIODE 2016-2025 Fitriana Ramadanti; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 2 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i2.213

Abstract

Economic growth is a crucial indicator of a nation's development success; however, Indonesia's economic growth has exhibited volatility over the past decade, ranging from a contraction of -5.32% in the second quarter of 2020 to a recovery of 7.08% in the second quarter of 2021. This study employs an associative-causal research design with a quantitative approach. It utilizes quarterly secondary time-series data from 2016 to 2025, obtained from Statistics Indonesia (BPS) and Bank Indonesia (BI), comprising 40 quarterly observations selected via purposive sampling. Data analysis includes descriptive statistics, classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation), multiple linear regression analysis, and hypothesis testing (t-test and F-test) using SPSS version 25. The results indicate that, individually (partially), export value does not significantly affect national economic growth (t-count 0.757 < t-table 2.032; sig. 0.455 > 0.05), nor does the dollar exchange rate (t-count 1.198 < t-table 2.032; sig. 0.240 > 0.05). Simultaneously, the two independent variables do not significantly influence national economic growth (F-count 0.687 < F-table 3.28; sig. 0.606 > 0.05), with a coefficient of determination of only 8.1%. The study concludes that neither export value nor the dollar exchange rate-whether analyzed individually or simultaneously-has a significant impact on Indonesia's national economic growth during the 2016-2025 period. The government and policymakers are advised not to rely solely on export values ??and exchange rate movements when formulating growth-promoting policies, but also to consider other macroeconomic variables such as household consumption, investment, and government spending.
Pemberdayaan Ekonomi Keluarga Melalui Pelatihan Kue Kering Bagi Ibu Rumah Tangga (Irt) di Desa Kendayakan, Kecamata Kragilan, Kabupaten Serang Leni Triana; Muhamad Irvan Sopandi; Agung Dzulkarnaen; Wildan Arrasyid; Helena Devi Sagala; Mulyadi Mulyadi; Ridho Pratama
Batara Wisnu : Indonesian Journal of Community Services Vol. 6 No. 2 (2026): Batara Wisnu | Mei - Agustus 2026
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/bw.v6i2.483

Abstract

Empowering housewives through the development of home-based businesses is one of the efforts to improve family economic independence and welfare. This community empowerment activity was conducted in Kendayakan Village, Kragilan District, Serang Regency, with the aim of improving the knowledge and skills of housewives in developing a productive and sustainable cookie business. The problems identified indicated a gap between production skills and business management capabilities, particularly in product packaging, branding, digital marketing, pricing, and financial record-keeping. The method used was the Participatory Learning and Action (PLA) approach combined with practical training and continuous mentoring. The activities consisted of preparation, delivery of educational materials, production and product development practices, packaging and branding, digital marketing, basic financial management training, mentoring, and evaluation. The activity focused not only on improving participants' ability to produce cookies but also on developing their capacity to transform production skills into economically valuable business activities. The results showed improvements in participants' knowledge and skills in production, product development, packaging, branding, marketing, and basic financial management. The products produced included several cookie variants with improved marketable packaging, brand identities, product price lists, digital promotional materials, and simple financial record-keeping formats. This activity is expected to serve as an initial step toward strengthening the economic independence of housewives and encouraging the development of micro-enterprises based on the potential of the Kendayakan Village community.
Sosialisasi Dan Pendampingan Pembuatan Nomor Induk Berusaha (NIB) Bagi Pelaku Usaha Umkm Desa Kendayakan Leni Triana; Dela Elfiana S; Mustafa Kamal; Silvi Amelia; Azhra Nuha; Adam Solfami; M Rojul Gustiawan; Mulyadi Mulyadi; Lidiyawati Lidiyawati; Ridho Pratama; Alfina Damayanti
Ekalaya: Jurnal Pengabdian Kepada Masyarakat Indonesia Vol. 5 No. 3 (2026): Ekalaya Journal
Publisher : Nindikayla Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57254/eka.v5i3.172

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in supporting the village economy, including in Kendayakan Village. However, many MSME actors still do not possess a Business Identification Number (NIB), which limits their access to capital, legal protection, and government empowerment programs. This community service activity aimed to provide socialization and direct assistance to MSME actors in Kendayakan Village in the process of obtaining a NIB through the Online Single Submission (OSS) system. The activity was held on Wednesday, 5 August 2026, at 13.00 WIB, attended by 3 MSME actors, university students undertaking community service (KKM), and 2 resource persons on NIB, and was supervised by the Field Supervising Lecturer, Mrs. Leni Triana, S.E., M.M. The method consisted of preparation, socialization, online registration assistance, and evaluation. The results showed an improvement in participants' understanding of business legality and successful assistance in the NIB registration process. This activity is expected to be an initial step for MSME actors in Kendayakan Village to develop their businesses more legally, competitively, and sustainably.
Pelaksanaan Program Cek Kesehatan Gratis (CKG) Sebagai Upaya Deteksi Dini Kesehatan Siswa di SDN 3 Kragilan M Rojul Gustiawan; Azkiyatul Maula; Arsonah; Lidiyawati; Akifah Putri Asryani; Nadia Zahra Ayuningtyas; Putri Fadillah; Leni Triana
Prosiding Senapas Vol. 1 No. 1 (2026): Prosiding Senapas
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.68321/k3de2k89

Abstract

Pemeriksaan kesehatan secara berkala merupakan aspek penting dalam menjaga kesehatan dan mendukung tumbuh kembang anak usia sekolah dasar. Namun, masih terdapat siswa yang belum memperoleh akses pemeriksaan kesehatan secara rutin sehingga berbagai masalah kesehatan berisiko tidak terdeteksi sejak dini. Kondisi tersebut menunjukkan pentingnya pelaksanaan pemeriksaan kesehatan bagi siswa sebagai salah satu upaya pemantauan dan pemeliharaan kesehatan anak. Program Cek Kesehatan Gratis (CKG) dilaksanakan dengan tujuan untuk memantau status kesehatan siswa serta mendeteksi secara dini adanya indikasi masalah kesehatan. Kegiatan ini juga diharapkan dapat memberikan informasi mengenai pentingnya menjaga kesehatan terhadap pada anak usia sekolah dasar. Program dilaksanakan di SDN 3 Kragilan, Desa Kendayakan, Kecamatan Kragilan, Kabupaten Serang melalui kerja sama antara Puskesmas Kragilan, mahasiswa Kuliah Kerja Mahasiswa (KKM) Universitas Bina Bangsa, dan pihak sekolah. Metode pelaksanaan program terdiri atas tiga tahapan utama, yaitu persiapan, pelaksanaan, dan evaluasi. Tahap persiapan dilakukan melalui koordinasi dengan pihak sekolah serta penyusunan dan penyiapan instrumen pemeriksaan. Tahap pelaksanaan meliputi pemeriksaan fisik dasar, pemeriksaan kesehatan mata, telinga, gigi, serta pemeriksaan tekanan darah dan kadar gula darah. Selanjutnya, tahap evaluasi dilakukan melalui pencatatan dan dokumentasi hasil pemeriksaan kesehatan siswa. Hasil kegiatan terlaksana sesuai dengan tahapan yang direncanakan. Hal tersebut ditunjukkan melalui tingginya antusiasme siswa selama mengikuti rangkaian pemeriksaan serta berhasil dikumpulkannya data kesehatan siswa secara akurat. Pelaksanaan kegiatan juga menunjukkan adanya sinergi yang baik antara Puskesmas Kragilan, mahasiswa KKM Universitas Bina Bangsa, dan pihak sekolah dalam mendukung pemantauan kesehatan siswa. Dengan demikian, program Cek Kesehatan Gratis (CKG) memberikan manfaat dalam membantu pemantauan status kesehatan dan mendukung deteksi dini masalah kesehatan pada siswa sekolah dasar. Kegiatan serupa perlu dilaksanakan secara berkelanjutan sebagai salah satu upaya mendukung pemeliharaan kesehatan serta tumbuh kembang anak usia sekolah dasar.
PENYUSUNAN BUSINESS MODEL CANVAS (BMC) SEDERHANA UNTUK BUMDES PETERNAKAN TELUR DESA KENDAYAKAN Mustafa kamal; Alfina Damayanti; Dela Elfiana; Silvi Amelia; Aliya Dwi Rahayu; Azhra Nuha Salsabila; Adam Solfami; Leni Triana
Prosiding Senapas Vol. 1 No. 1 (2026): Prosiding Senapas
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.68321/0e824928

Abstract

Desa Kendayakan memiliki potensi ekonomi lokal yang signifikan melalui unit usaha peternakan telur yang dikelola oleh Badan Usaha Milik Desa (BUMDes). Meskipun tergolong baru berjalan sekitar tiga bulan, unit usaha ini menunjukkan progres yang menjanjikan, berbeda dengan upaya diversifikasi usaha BUMDes sebelumnya seperti ternak lele dan kambing yang belum membuahkan hasil optimal. Kondisi ini mengindikasikan perlunya penataan strategi bisnis yang lebih terstruktur agar potensi tersebut dapat dikelola secara berkelanjutan. Program kerja ini bertujuan untuk menyusun Business Model Canvas (BMC) sederhana sebagai instrumen perencanaan strategis bagi unit usaha peternakan telur BUMDes Desa Kendayakan. Metode pelaksanaan menggunakan pendekatan partisipatif melalui observasi lapangan, wawancara mendalam, dan diskusi kelompok terarah (FGD) yang melibatkan Sekretaris BUMDes, Kepala Unit BUMDes, serta tim mahasiswa KKM yang beranggotakan empat orang. Proses penyusunan BMC dilakukan dengan memetakan sembilan elemen kunci, meliputi segmen pelanggan, proposisi nilai, saluran distribusi, hubungan pelanggan, sumber pendapatan, sumber daya utama, aktivitas kunci, kemitraan utama, dan struktur biaya. Hasil pemetaan menunjukkan bahwa unit usaha peternakan telur memiliki keunggulan komparatif dari sisi permintaan pasar lokal yang stabil, namun masih memerlukan penguatan pada aspek pemasaran dan diversifikasi saluran distribusi. Kerangka BMC yang dihasilkan diharapkan dapat menjadi acuan pengelola BUMDes dalam mengambil keputusan strategis, sekaligus memperkuat kapasitas kelembagaan desa dalam mendorong kemandirian ekonomi berbasis potensi lokal.