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The Influence of Macroeconomic Fundamentals, Decisions Investment, And Capital on Stock Returns with Risk Profile and Earning as Intervening Variables and Good Corporate Governance as a Variable Moderation (Study of Banking Companies in Indonesia) Wijaya, Andjar Eka; Ratnawati, Tri; Pristiana, Ulfi
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.v4i1.737

Abstract

This study aims to analyze the influence of macroeconomic indicators, investment decisions, capital, risk profile, earnings, and corporate governance on stock returns in banking companies in Indonesia using the SEM-PLS method. The research results show that macroeconomic indicators (inflation, exchange rate, and interest rate) do not significantly affect stock returns either through risk profile or earnings. But if the macroeconomic variables are tested without mediation variables and directly on stock returns, they have a significant impact.In addition, investment decision indicators (current asset ratio and total asset growth), capital indicators (capital adequacy ratio and debt equity ratio), as well as risk profile indicators (non-performing loan and loan deposit ratio) also do not have a significant impact on stock returns. Similarly, the earning indicators (ROA, ROE, and NIM) and good corporate governance (board of directors and number of commissioners) do not show a significant influence on stock returns. These findings indicate that external factors and other variables are more dominant in influencing stock returns in banking companies in Indonesia.
Analysis of the Effect of Revenue Growth, Cost Growth and Economic Value Added on the Financial Performance of Tritya Eye Clinic With Operation Cash Flow as an Intervening Variable Sumirat, Esti; Ratnawati, Tri; Pristiana, Ulfi
International Journal of Economics (IJEC) Vol. 3 No. 2 (2024): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i2.1205

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The purpose of this study was to analyze the effect of revenue growth, cost growth and economic value added on the financial performance of the Tritya Eye Clinic with operational cash flow as an intervening variable. This study uses a quantitative method with secondary data sources. The population of the study was all financial reports of the Tritya Eye Clinic for the period 2019 to 2023. The data analysis method used SEM-PLS analysis. The results of the study showed that partially the variables of revenue growth, cost growth and economic value added had no significant effect on Operation Cash Flow, the variables of revenue growth and cost growth had no significant effect on financial performance but the EVA variable had a significant effect on financial performance. While the variables of revenue growth, cost growth and economic value added had no significant effect on financial performance mediated by operational cash flow at the Tritya Eye Clinic in Surabaya
PERAN AUDIT INTERNAL COSO FRAMEWORK BERBASIS DESAIN DIGITAL SEBAGAI EARLY WARNING SYSTEM UNTUK MENCEGAH TERJADINYA PENYIMPANGAN PADA BAGIAN PRODUKSI CV. CAHAYA LOGAM ABADI DI KABUPATEN SIDOARJO Rahayu, Cindy Septiana; Ratnawati, Tri
Jurnal Ekonomi dan Bisnis (EK dan BI) Vol 7 No 2 (2024)
Publisher : Politeknik Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37600/ekbi.v7i2.1872

Abstract

Lingkungan bisnis yang dinamis menuntut perusahaan manufaktur untuk meningkatkan efektivitas operasional dan memitigasi risiko. Penelitian ini bertujuan untuk menganalisis sistem pengendalian internal CV Cahaya Logam Abadi di Sidoarjo, mengevaluasi peran COSO Framework dalam mitigasi risiko produksi, serta mengkaji penerapan teknologi digital sebagai Early Warning System (EWS). Metode penelitian menggunakan pendekatan kualitatif deskriptif dengan wawancara, observasi, dan analisis dokumen. Hasil menunjukkan kelemahan dalam struktur organisasi, komunikasi internal, dan pengelolaan risiko. Integrasi teknologi berbasis COSO Framework terbukti mampu meningkatkan pengawasan dan kontrol operasional. Rekomendasi mencakup restrukturisasi organisasi, pembuatan diagram alur sistem produksi, serta penerapan desain digital untuk absensi, evaluasi risiko, dan pemantauan kinerja. Implementasi ini diharapkan dapat meminimalkan risiko penyimpangan, meningkatkan efisiensi, dan mendukung tata kelola yang lebih baik.
SIMPLE BIOMARKER ANALYSIS OF SYSTEMIC INFLAMMATION IN AGITATION AMONG SCHIZOPHRENIA PATIENTS: CROSS-SECTIONAL STUDY Ratnawati, Tri; Kartikasari, Linda; Sarjana, Widodo
Journal of Psychiatry Psychology and Behavioral Research Vol. 6 No. 1 (2025): Mental Health Portrait and Intervention to Build a Safe and Strong Environment
Publisher : Departemen Psikiatri Fakultas Kedokteran Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jppbr.2025.006.01.3

Abstract

Introduction: Schizophrenia is a serious mental disorder characterized by reality distortion and psychomotor disorganization, with agitation as a common symptom that increases the risk of rehospitalization. Systemic inflammation, measured by biomarkers such as the neutrophil-to-lymphocyte ratio (NLR), monocyte-to-lymphocyte ratio (MLR), platelet-to-lymphocyte ratio (PLR), and systemic immune-inflammation index (SII), has been identified as being associated with the pathophysiology of schizophrenia. This study aims to investigate the relationship between agitation and inflammation, as indicated by elevated NLR, MLR, PLR, and SII values, in schizophrenia patients. Methods: A retrospective cross-sectional study was conducted involving 314 schizophrenia patients hospitalized at Dr. Amino Gondohutomo Mental Hospital, Semarang, from December 2023 to July 2024. Data was collected from medical records, including NLR, MLR, PLR, and SII values calculated from routine hematological exams, and the degree of agitation measured with the PANSS-EC scale. Results: The majority of patients (65.3%) were aged 18-37 years, with a mean age of 34.07 years. Most patients were male (52.5%) and exhibited moderate agitation (66.6%). Regression analysis showed that NLR, MLR, and SII values were significantly positively correlated with agitation levels. NLR had a regression coefficient of 0.122 (p=0.001), MLR of 0.293 (p=0.046), and SII of 0.000 (p=0.035), indicating that increases in these inflammatory biomarkers correlated with higher agitation levels in schizophrenia patients. Discuss: Hematological biomarkers such as Neutrophil-to-Lymphocyte Ratio (NLR), Monocyte-to-Lymphocyte Ratio (MLR), and Systemic Immune-Inflammation Index (SII) hold significant potential in psychiatric emergency settings as simple, cost-effective, and accessible tools for early identification and risk stratification of acute agitation in schizophrenia and other severe mental disorders. Conclusion: This study found that elevated NLR, MLR, and SII values were closely associated with increased agitation levels in schizophrenia patients, supporting the hypothesis that systemic inflammation plays a role in the pathophysiology of schizophrenia. These findings suggest the potential for using inflammatory biomarkers as predictive tools for assessing agitation severity in schizophrenia patients, which could aid in clinical management and rehospitalization prevention.
Pengaruh Earning, Capital, Prudential Principle, Full Disclosure Terhadap Risiko Keuangan dan Opini Audit dengan Good Corporate Governance sebagai Variabel Moderating pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2023 Mardiono, Viona Eka Putri; Ratnawati, Tri
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 3: Maret 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i3.6672

Abstract

Penelitian ini bertujuan menganalisis pengaruh Earning, Capital, Prudential Principle, dan Full Disclosure terhadap Risiko Keuangan dan Opini Audit, dengan Good Corporate Governance sebagai variabel moderasi. Studi dilakukan pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020-2023 menggunakan pendekatan kuantitatif dengan analisis Partial Least Square (PLS). Data diperoleh dari laporan keuangan tahunan yang dipilih secara purposive sampling dengan jumlah sampel 11 perusahaan slama 4 tahun.Hasil penelitian menunjukkan bahwa earning dan capital berpengaruh signifikan terhadap risiko keuangan dan opini audit. Sebaliknya, prudential principle tidak berpengaruh signifikan terhadap keduanya. Full disclosure signifikan terhadap risiko keuangan tetapi tidak terhadap opini audit. Risiko keuangan sendiri tidak memengaruhi opini audit, sementara GCG terbukti signifikan terhadap opini audit dan memoderasi hubungan risiko keuangan dengan opini audit.
Pengaruh Tax Aggressiveness, Salah Saji Material, dan Prinsip Transparansi Terhadap Risiko Saham Syariah dan Opini Audit dengan Prinsip Going Concern sebagai Variabel Moderating pada Perusahaan yang Terindex di JII70 Tahun 2021-2023 Anika, Refi Tri; Ratnawati, Tri
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 3: Maret 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i3.6941

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh Tax Aggressiveness, Salah Saji Material dan Prinsip Transparansi Terhadap Risiko Saham Syariah Dan Opini Audit dengan Prinsip Going Concern Sebagai Variabel Moderating. Populasi dalam penelitian ini adalah perusahaan yang terdaftar dalam Jakarta Islamic Index 70 (JII70) periode tahun 2021-2023. Terdapat 29 perusahaan dengan 87 sampel yang diobservasi dalam penelitian ini. Teknik Partial Least Squares (PLS) yang merupakan salah satu teknik dari Structural Equation Modeling (SEM) digunakan untuk menganalisis dan menguji data dalam penelitian ini. Hasil penelitian membuktikan bahwa Tax aggressiveness berpengaruh negatif tidak signifikan terhadap opini audit, salah saji material berpengaruh negatif terhadap opini audit, prinsip transparansi berpengaruh positif dan signifikan terhadap opini audit, tax aggressiveness berpengaruh positif dan signifikan terhadap risiko saham syariah, salah saji material berpengaruh positif dan signifikan terhadap risiko saham syariah, prinsip transparansi berpengaruh negatif dan signifikan terhadap risiko saham syariah. Risiko saham syariah berpengaruh negatif tidak signifikan terhadap opini audit dan risiko saham syariah berpengaruh positif tidak signifikan terhadap opini audit dengan prinsip going concern sebagai pemoderasi.
Pengaruh Reputasi KAP, Pertumbuhan Keuangan Perusahaan, Kompleksitas Operasi Perusahaan Terhadap Risiko Keuangan Dan Opini Audit Dengan Good Corporate Governance Sebagai Variabel Moderating Pardede, Esther Tioma Nauly; Ratnawati, Tri
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 3: Maret 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i3.7160

Abstract

Penelitian ini bertujuan menganalisis dan membuktikan apakah reputasi KAP, Pertumbuhan keuangan Perusahaan, Kompleksitas operasi Perusahaan mempengaruhi Risiko keuangan dan Opini audit dengan Good Corporate Governance sebagai variabel moderating di perusahaan consumer cyclicals selama 5 tahun, penelitian ini menggunakan 115 sampel laporan keuangan dari 23 perusahaan untuk menganalisis dan membuktikan apakah reputasi KAP, pertumbuhan keuntungan perusahaan, dan kompleksitas operasi perusahaan mempengaruhi risiko keuangan dan opini audit dengan Good Corporate Governance sebagai moderasi. Purposive sampling adalah metode pengambilan sampel non-sampling yang memberikan beberapa kriteria kepada peneliti. Model Equation Structural-Partial Least Square (SEM-PLS) digunakan untuk analisis penelitian ini. Software SMART PLS versi 4.0 digunakan untuk melakukan ini. Hasil penelitian ini menunjukkan bahwa reputasi KAP memengaruhi opini audit dan kompleksitas operasi perusahaan memengaruhi risiko keuangan.
PENGARUH KEAKTIFAN BERORGANISASI DAN PENGALAMAN PKL TERHADAP KESIAPAN KERJA MELALUI MOTIVASI BELAJAR SEBAGAI VARIABLE INTERVENING PADA MAHASISWA FEB UNY Ratnawati, Tri; Sutirman, Sutirman
Efisiensi : Kajian Ilmu Administrasi Efisiensi Vol. 22 No. 1 Februari 2025
Publisher : Departemen Pendidikan Administrasi FEB Universitas Negeri Yogyakarta & ASPAPI PUSAT

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/efisiensi.v22i1.82072

Abstract

Abstrak: Pengaruh Keaktifan Berorganisasi dan Pengalaman PKL terhadap Kesiapan Kerja Melalui Motivasi Belajar sebagai Variable Intervening pada Mahasiswa FEB UNY Penelitian bertujuan untuk menganalisis pengaruh keaktifan berorganisasi dan pengalaman PKL terhadap kesiapan kerja dengan motivasi sebagai variabel intervening. Pendekatan kuantitatif digunakan dengan sampel 256 mahasiwa FEB UNY Angkatan 2020 yang telah mengambil Paktik Industri (PI) dan Praktik Kependidikan (PK). Analisis dilakukan dengan regresi linier untuk hipotesis 1, 2, 3, dan 4, melalui program SPSS, hipotesis 5 dan 6 melalui program AMOS dan quantpsy.org. Hasil: (1) Terdapat pengaruh positif dan signifikan Keaktifan Berorganisasi terhadap Kesiapan; (2) Terdapat pengaruh positif dan signifikan Praktik Kerja Lapangan terhadap Kesiapan; (3) Terdapat pengaruh positif dan signifikan Keaktifan Berorganisasi dan Praktik Kerja Lapangan terhadap Kesiapan; (4) Terdapat pengaruh positif dan signifikan Motivasi Belajar terhadap Kesiapan; (5) Terdapat pengaruh positif dan signifikan Keaktifan Berorganisasi terhadap Kesiapan Kerja melalui Motivasi Belajar sebagai variabel; (6) Terdapat pengaruh positif dan signifikan Praktik Kerja Lapangan terhadap Kesiapan Kerja melalui Motivasi Belajar sebagai variabel intervening . Kontribusi hasil riset ini adalah menjadi salah satu dasar dalam melakukan perancangan kurikulum serta kegiatan kemahasiswaan untuk mendukung kesiapan lulusan kompeten.Kata kunci: Keaktifan Berorganisasi; Praktik Kerja Lapangan; Kesiapan Kerja; Motivasi Belajar; Mahasiswa FEB UNYAbstract: The Influence of Organizational Involvement and Internship Experience on Job Readiness through Learning Motivation as an Intervening Variable among FEB UNY StudentsThe research aims to analyze the influence of organizational involvement and internship experience on work readiness, with learning motivation as an intervening variable. A quantitative approach was employed, using a sample of 256 students from the Faculty of Economics and Business, Yogyakarta State University (FEB UNY), Class of 2020, who have undertaken Industrial Practice (PI) and Educational Practice (PK). Analysis was conducted using linear regression for hypotheses 1, 2, 3, and 4 through SPSS, while hypotheses 5 and 6 were analyzed using AMOS and quantpsy.org. The results are as follows: (1) Organizational involvement has a positive and significant effect on work readiness; (2) Internship experience has a positive and significant effect on work readiness; (3) Organizational involvement and internship experience jointly have a positive and significant effect on work readiness; (4) Learning motivation has a positive and significant effect on work readiness; (5) Organizational involvement has a positive and significant effect on work readiness through learning motivation as an intervening variable; (6) Internship experience has a positive and significant effect on work readiness through learning motivation as an intervening variable. The contribution of this research is to serve as a basis for curriculum design and student activities to support the development of competent graduate readiness. Keywords: Organizational Activity; Field Work Practices; Job Readiness; Learning Motivation; FEB UNY Students
The Analysis of the Implementation of Good Financial Governance in Public Sector Financial Management in Timor Leste Maia, Fonseca de Jesus; Ximenes, Elias; Boquifai, Petronela M.; Ratnawati, Tri
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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

Abstract

This study analyzes the implementation of Good Financial Governance (GFG) in public sector financial management in Timor Leste, focusing on transparency, accountability, and public participation. Using a qualitative-descriptive approach and case study method, data were collected through document analysis and literature review from international institutions such as the IMF, World Bank, and PEFA. The findings reveal partial progress, notably through the adoption of the Integrated Financial Management Information System (IFMIS), which has improved transparency. However, challenges remain in enforcing audit recommendations, institutionalizing citizen participation, and aligning national policies with local implementation. Comparative case studies from Cambodia, Jamaica, and Scotland highlight the importance of institutional reform, leadership, and legal enforcement. The study recommends enhancing fiscal literacy, strengthening oversight capacity, and establishing participatory budgeting mechanisms. Overall, the research underscores that effective GFG is essential for sustainable development, requiring both technical innovations and structural reforms to ensure inclusive, transparent, and accountable financial governance.
The Impact of Digital Transformation on Firm Value: A Study of Publicly Listed Companies on the Indonesia Stock Exchange Frimayasa, Agtovia; Mutaqqin, Hakim; Magalhaes, Cancio Andika Irawan; Ratnawati, Tri
Jurnal Multidisiplin Sahombu Vol. 5 No. 04 (2025): Jurnal Multidisiplin Sahombu, May - Juny (2025)
Publisher : Sean Institute

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

Abstract

This study investigates the impact of digital transformation on firm value among publicly listed companies on the Indonesia Stock Exchange (IDX), with a comparative focus on the banking and consumer goods sectors. Using secondary data from 2018 to 2022, the study employs multiple linear regression for the banking sector and panel data regression with the Fixed Effect Model for the consumer goods sector. The results reveal that digital transformation has a significant positive effect on financial performance (ROA) in the banking sector, while its impact on market value (PBV) in the consumer goods sector is not statistically significant. Firm size acts as a moderating variable that enhances the relationship between digital transformation and firm value, particularly in the banking sector. These findings underscore the importance of digital maturity, organizational readiness, and strategic alignment in leveraging technology for value creation. The study contributes to the literature by highlighting sectoral differences in the effectiveness of digital transformation.
Co-Authors - Hwihanus Achmad Maqsudi, Achmad Adam Maulana Adiati Trihastuti, Adiati Agtovia Frimayasa, Agtovia Aldi, Muhammad Fauzan Amanda, Dian Amelia Kusniawati, Amelia Amiartuti Kusmaningtyas Anika, Refi Tri Aprilianto, Deni Binar Dwiyanto Pamungkas, Binar Dwiyanto Boquifai, Petronela M. Brahmayanti, I.A. Sri brahmayanti, Ida Ayu Sri Dantje Salean, Dantje Ervina Ervina Fitriyah, Rif'atul Gede, I Komang Hakim Muttaqim Hamzah, A. Hadian Pratama Hariyani, Diyah Santi Henny Mahmudah, Henny Hwihanus I Nyoman Lokajaya, I Nyoman Ida Bagus Cempena, Ida Bagus Ikbar Luqyana Indrawati Yuhertiana Islamiyah, Fitria Ayu kartika, ika saridewi Kartikasari, Linda Khairunnisah, Noni Antika Kurniawan, Sindu Bagas Kurniawati, Dinda Dwi Listyaningsih, Emilia Desi Lokajaya, Nyoman Magalhaes, Cancio Andika Irawan Maia, Fonseca De Jesus malik, tajuddin Mandag, Herny Ria Mardiono, Viona Eka Putri Marwanto, Ontot Masfa’ani, Rikhza Mediana, Anastasya Mechta Melania, Melania Nanlohy, Yehezkiel Benaya Nekky Rahmiyati Nugroho, Mulyanto Nurhalyza, Tasya Nurhasanah Nurhasanah Nuryani, Anik Oktaviyanto, Nanda Pardede, Esther Tioma Nauly Pradhani, Tri Buana Wira Pribadi, Fancholik Joko Putra, Surya Jaya Purnama Putu Suardana, I Gede Rachmadani, Adelia Putri Rahayu, Cindy Septiana rahmawati, Debby Yusriliana Rodhiyah Rodhiyah Sahrul, M Santi, Dyan Evita Sariah Sariah Sawal Sartono, Sawal Septian, Michael Revelin Ervan Setyono, Vicky Indarto Sholiqah, Suci Nurlayli Alimatu Siti Mujanah Sitohang, Arga Christian Sobri, Mohamad Aulia soebrati, ni wayan Sri Andayani Sri Andayani Sri Hadijono, Sri Sri Harijati, Sri Sulistyo Sulistyo Sumirat, Esti Sutirman Sutirman tandi, asrin Ulfi Pristiana Warella, Veren Wendy Widi Hidayat Widodo Sarjana AS, Widodo Wijaya, Andjar Eka Ximenes, Elias