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Determinasi Pengendalian Internal, Ukuran Perusahaan dan Sales Growth Terhadap Tax Avoidance Dengan Ketidakpastian Lingkungan Sebagai Variabel Moderating Mutiara Saksono Putri; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 2 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i1.6867

Abstract

This study aims to analyze the effect of internal control, firm size, and sales growth on tax avoidance, with environmental uncertainty as a moderating variable. The research objects are consumer sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period, selected using a purposive sampling method. The data used consists of annual financial reports. Tax avoidance is measured using the Effective Tax Rate (ETR), internal control is assessed based on annual report scores, firm size is measured using the natural logarithm of total assets, and sales growth is calculated based on the annual sales percentage change. Environmental uncertainty is measured based on external fluctuations affecting the business. Data analysis is performed using multiple linear regression with Moderating Regression Analysis (MRA) through SPSS. The results show that internal control does not have a significant effect on tax avoidance, while firm size and sales growth have a significant effect. Environmental uncertainty moderates the relationship between sales growth and tax avoidance but does not moderate the relationship between internal control and firm size with tax avoidance. This study provides insights into the factors influencing tax avoidance in the context of environmental uncertainty.
Implementasi Faktor-faktor yang Mempengaruhi Nilai Perusahaan Gesti Putri Wahyudi; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 2 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i2.6988

Abstract

This study aims to determine empirical evidence of factors that influence firm value. The dependent variable of this research is firm value. Meanwhile, the independent variables of this research are profitability, leverage, capital structure, firm growth, and firm size. This research is quantitative research using secondary data. The sample in this research is non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (BEI) for the 2019-2023 period. The sampling technique used a purposive sampling method and there were 143 samples that met the criteria during the 5 research periods. The data analysis technique used in this research is a multiple linear regression analysis technique using SPSS 25. The results of this research show that profitability and capital structure have an effect on firm value, while leverage, firm growth, and firm size have no effect on firm value.
Pengaruh Ketidakpastian Lingkungan, Kebijakan Utang, Ukuran Perusahaan, Struktur Kepemilikan, Dan Koneksi Politik Terhadap Tax Avoidance Wati Tri Utami; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 4 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i4.7597

Abstract

This study aims to analyze the effect of Environmental Uncertainty, Debt Policy, Firm Size, Ownership Structure, and Political Connections on Tax Avoidance in manufacturing companies within the Property & Real Estate subsector listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. This research employs a quantitative approach using secondary data obtained from financial reports. The sample was selected using a purposive sampling method based on specific criteria. The dependent variable, Tax Avoidance, is measured using the Effective Tax Rate (ETR), while the independent variables include Environmental Uncertainty, Debt Policy, Firm Size, Ownership Structure, and Political Connections. Data analysis was conducted using multiple linear regression with SPSS, including descriptive statistics, classical assumption tests, and hypothesis testing. The results indicate that only Ownership Structure significantly influences Tax Avoidance, while other variables do not show a significant effect. The limitations of this study include a narrow subsector focus, the exclusion of other potential determinants of tax avoidance, and the limited research period from 2019 to 2023. Future research is recommended to expand sector coverage, incorporate additional variables, and extend the research period to enhance the comprehensiveness of the findings.
Pengungkapan Environmental, Sosial and Governance Terhadap Financial Distress Perusahaan Yang Terdaftar Dalam Indeks IDX ESG Tahun 2024 Nabila Khairunnisa; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 6 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i6.8570

Abstract

This study investigates the influence of Environmental, Social, and Governance (ESG) disclosures on financial distress among companies listed in the Indonesia Stock Exchange (IDX) ESG Index in 2024. Using a quantitative explanatory approach, the research analyzes 32 firms selected through purposive sampling. Secondary data from financial statements and annual reports were used, with ESG performance measured based on environmental practices, stakeholder relations, and governance mechanisms, as provided by IDX and Morningstar Sustainalytics. Financial distress was assessed using the Debt to Asset Ratio (DAR). Multiple linear regression and descriptive statistics were employed for data analysis, preceded by classical assumption tests to ensure model validity. The results indicate that environmental disclosure has no significant effect on financial distress, while social and governance disclosures significantly reduce financial distress. These findings highlight the importance of social and governance factors in mitigating financial risks. The study is limited by the availability of complete ESG scores, suggesting the need for broader sectoral coverage and longer observation periods in future research.
Peningkatan Return on Equity Melalui Firm Size, Sales Growth, Current Ratio, Total Asset Turnover, dan Debt to Equity Ratio Mutia Rida Utami; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 7 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i7.8825

Abstract

Return on Equity (ROE) is a financial ratio used to measure a company's ability to generate profits from each unit of equity (own capital) invested by shareholders. The purpose of this study is to examine the impact of firm size (FZ), sales growth (SG), current ratio (CR), total asset turnover (TAT), and debt-to-equity ratio (DER) on return on equity (ROE) in companies engaged in the mining sector and listed on the Indonesia Stock Exchange (IDX) during the period 2021 to 2023. This study uses a quantitative approach with an associative method, which is a method that aims to determine the relationship or influence between two or more variables. Data analysis in this study was carried out using multiple linear regression analysis to measure the magnitude of the influence of each independent variable on the dependent variable. In addition, a classical assumption test was carried out which included normality, multicollinearity, heteroscedasticity, and autocorrelation tests to ensure the validity of the regression model used. Based on the results of multiple linear regression analysis conducted on 13 companies, the descriptive statistical results show that firm size (FZ), sales growth (SG), current ratio (CR), total asset turnover (TAT), and debt to equity ratio (DER) on return on equity (ROE) have no effect whatsoever. Meanwhile, total asset turnover (TAT) is proven to have a significant effect on ROE, with a scale value of 0.000, which is smaller than the limit of 0.05.
Pengaruh Pengetahuan Kewirausahaan, Motivasi Kewirausahaan, Efikasi Diri dan Lingkungan Keluarga Terhadap Minat Wirausaha Mahasiswa Nadia Farah Dina; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 7 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i7.8977

Abstract

Entrepreneurial knowledge, motivation to become an entrepreneur, self-efficacy, and support from the family environment are important factors in efforts to reduce unemployment and encourage entrepreneurial spirit among students. This study aims to analyze the influence of these four factors on the entrepreneurial interest of undergraduate students in Accounting study programs at the Faculty of Economics and Business, Muhammadiyah University of Surakarta, Sebelas Maret University, and Batik Islamic University. This study uses a quantitative approach with a correlational method. Data collection techniques are carried out by distributing questionnaires. The population in this study was 115 students of the 2021 intake from the Accounting study program, with a sample of 53 students. Data were obtained through questionnaires and analyzed using instrument tests (validity and reliability), classical assumption tests (normality, multicollinearity, and heteroscedasticity), and hypothesis tests (T test and F test). The results showed that entrepreneurial motivation and family environment have a significant influence on students' interest in entrepreneurship. Meanwhile, entrepreneurial knowledge and self-efficacy did not show a significant influence on this interest.
Analisis Komparatif Kesehatan Bank Konvensional dan Bank Digital Di Indonesia Menggunakan Metode RGEC Periode 2021-2024 Dyah Mutiara Fadhila; Erma Setiawati
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 1 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i1.11393

Abstract

Untuk mengetahui perbedaan tingkat kesehatan antara Bank Konvensional dan Bank Digital di Indonesia dalam kurun 2021 hingga 2024, penelitian ini memanfaatkan pendekatan RGEC meliputi Risk Profile, Good Corporate Governance, Earning, dan Capital dengan mengandalkan data sekunder yang dikumpulkan dari laporan keuangan tahunan, baik yang tersedia di website resmi bank bersangkutan maupun di portal Bursa Efek Indonesia. Teknik purposive sampling digunakan dengan sampel 8 bank (4 konvensional dan 4 digital) dari total 32 unit analisis. Uji statistik mengungkap fakta menarik: bank konvensional dan bank syariah berbeda secara signifikan dalam hal NPL, GCG, ROA, NIM, BOPO, dan CAR. Pendekatannya menggunakan Uji T bila data normal, dan Mann-Whitney U bila distribusinya tidak normal. Bank Digital unggul dalam pengelolaan risiko kredit, margin bunga, dan struktur modal, sementara Bank Konvensional lebih baik dalam efisiensi operasional, profitabilitas, dan tata kelola. Tidak ditemukan perbedaan signifikan pada likuiditas (LDR). Secara keseluruhan, kesehatan sistem perbankan konvensional relatif lebih stabil, sedangkan perbankan digital menunjukkan efisiensi biaya yang lebih tinggi tetapi beberapa aspek profitabilitas masih perlu ditingkatkan.
Kemudahan Penggunaan Paylater, Pembelian Impulsif, Kontrol Diri dan Literasi Keuangan Terhadap Perilaku Pengelolaan Keuangan Pribadi: Survei Terhadap Generasi Z di Kota Surakarta Aflintang Wahyu Nur A’ni; Erma Setiawati
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 1 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i1.11126

Abstract

The rapid development of digital technology has increased the use of digital financial services, particularly paylater payment methods, which are widely used by Generation Z. The convenience of transactions offered by these services has the potential to influence personal financial management behavior. This study aims to examine the effects of paylater ease of use, impulsive buying, self-control, and financial literacy on the personal financial management behavior of Generation Z in Surakarta City. This research employs a quantitative associative approach using primary data collected through questionnaires distributed to 150 Generation Z respondents selected using purposive sampling. Data analysis was conducted using multiple linear regression with the assistance of SPSS software. The results indicate that paylater ease of use, impulsive buying, and self-control do not have a significant effect on personal financial management behavior. Meanwhile, financial literacy has a positive and significant effect on personal financial management behavior. This study emphasizes that financial literacy is the most important factor in shaping Generation Z’s personal financial management behavior amid the rapid growth of digital financial services.
Pengaruh Good Corporate Governance, Corporate Social Responbility, dan Profitabilitas Terhadap Nilai Perusahaan Inanda Karina Artika Fatma; Erma Setiawati
Community Engagement and Emergence Journal (CEEJ) Vol. 7 No. 2 (2026): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i2.10289

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance (kepemilikan manajerial dan kepemilikan institusional), Corporate Social Responsibility (CSR), dan profitabilitas terhadap nilai perusahaan pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia periode 2021–2024. Penelitian menggunakan pendekatan kuantitatif asosiatif dengan data sekunder dari laporan tahunan perusahaan. Populasi mencakup seluruh perusahaan pertambangan di BEI, dengan sampel dipilih secara purposive berdasarkan ketersediaan laporan keuangan lengkap. Variabel independen meliputi kepemilikan manajerial, kepemilikan institusional, CSR, dan profitabilitas, sedangkan variabel dependen adalah nilai perusahaan. Analisis data dilakukan menggunakan statistik deskriptif dan regresi linier berganda, dilengkapi uji asumsi klasik serta uji t, uji F, dan koefisien determinasi. Hasil penelitian menunjukkan bahwa kepemilikan manajerial berpengaruh signifikan terhadap nilai perusahaan, sedangkan kepemilikan institusional, CSR, dan profitabilitas tidak berpengaruh signifikan, menunjukkan bahwa proporsi saham institusional, pelaksanaan CSR, maupun peningkatan laba belum mampu meningkatkan nilai perusahaan secara langsung. Penelitian ini disarankan untuk memperluas periode pengamatan dan cakupan data agar faktor-faktor yang memengaruhi nilai perusahaan dapat dianalisis secara lebih komprehensif.
Pengaruh Kinerja Keuangan Pemerintah Daerah Terhadap Kebijakan Alokasi Belanja Modal Nica Tria Utami; Erma Setiawati
Community Engagement and Emergence Journal (CEEJ) Vol. 7 No. 2 (2026): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i3.10329

Abstract

Pelaksanaan otonomi daerah menuntut pemerintah daerah untuk mampu mengelola keuangan secara efektif, efisien, dan mandiri guna mendukung penyediaan pelayanan publik dan pembangunan daerah. Penelitian ini bertujuan untuk menganalisis pengaruh kinerja keuangan pemerintah daerah terhadap kebijakan alokasi belanja modal pada Pemerintah Daerah Kabupaten/Kota se-Jawa Tengah periode 2021–2024. Kinerja keuangan daerah dalam penelitian ini diukur menggunakan Rasio Kemandirian, Rasio Efektivitas, Rasio Efisiensi, Dan Rasio Pertumbuhan Pendapatan Asli Daerah (PAD). Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang bersumber dari Laporan Hasil Pemeriksaan (LHP) Laporan Keuangan Pemerintah Daerah (LKPD) yang telah diaudit oleh Badan Pemeriksa Keuangan (BPK). Teknik pengambilan sampel menggunakan metode purposive sampling dengan total 35 pemerintah daerah kabupaten/kota selama empat tahun pengamatan sehingga diperoleh 140 data observasi. Metode analisis data yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa Rasio Kemandirian menunjukkan pengaruh yang signifikan terhadap Alokasi Belanja Modal. Sementara itu Rasio Efektivitas, Rasio Efisiensi, Dan Rasio Pertumbuhan Pendapatan Asli Daerah (PAD) tidak menunjukkan pengaruh terhadap Alokasi Belanja Modal. Temuan ini diharapkan dapat menjadi bahan pertimbangan bagi pemerintah daerah dalam merumuskan kebijakan pengelolaan keuangan daerah yang lebih efektif dan berorientasi pada pembangunan berkelanjutan.
Co-Authors Afifah Nur Husna Aflintang Wahyu Nur A’ni Agus Endro Suwarno AINAN SALSABIILAA Aini, Indah Nur Alifah Sekarningrum Alvi Rahmania Putri Amelia Romandhoni Novitasary Andy Dwi Bayu Bawono Anida Ikhwatun Karimah Anika, Anika Aprilia Puri Astuti Apsta, Widya Ari Setyanto Arie Vicky Galan Ramadhan Arum S, Nurlita Atria Dea Permata Aulia, Chania Aulia, Nur Farah Avika Miya Olistya Depp Baety Nur Rohmah BANDI Baningrum, Ratih Mar Banu Witono Bekti Wiji Lestari Berliana Rachma Khairunnisa Burhanudin, Cahyani Maulidya Cahyaningrum, Rasita Isnaini CHANIA AULIA Chrisninditya, Ivana Diva Conteh, Abdul Deby Ilma Aulia Dendy Arda Pratama Derbi Ageng Kertaning Kalbu Devaria Aisya Setyowati Dewi Kartika Sari Dewi Sekar Tanjung Diana Puspitasari Diana, Ulfi Dimas Bagus Maulino Wibowo Dimas Ilham Nur Rois Diyah Nurhidayati Dwianto, Agus Dyah Mutiara Fadhila Dyana Madyaratri Efendi, Ifin Aria Eni Kusumawati Eny Kusumawati Eny Kusumawati Erma Marga Rosit Erna Noviyanti Evi Dewi Kusumawati Evi Dewi Kusumawati Fadya Almira Farah Dzakiyyah Maulida Farah Ordina Ardha Sukma Fatchan Achyani Fatchan, Fuad Hudaya Fatma, Inanda Karina Artika Fatmaningtyas, Sastria Fauzan Fauziyyah, Fadhilah Nur Febrianti, Adilla Rahmah Fitrianingrum, Erika Fitrotussalma, Novia Gesti Putri Wahyudi Hanifah Uswatun Khasanah Hanun, Yuliana Hasna Hardina, Lulu Helmi, Neyla Faizza Tyasti Hestinasari, Vinka Wendi Ifin Aria Efendi IKA DAMAYANTI Ika Damayanti Inanda Karina Artika Fatma Inayati, Luthfiana Indah Nur Aini Indah Permata Dewi Indah Permata Sari Ines Dyah Ayu Hapsari Ivana Diva Chrisninditya Julian, Andika Karismawati, Desi Argita Kartika, Desilis Kertaning Kalbu, Derbi Ageng Khofifah, Syeila Azizatul Kurnia Rhamadita Aryani Kurniasari, Elvira Putri Kusumawati, Berlina Lia Ramadhani Fatchan Linda Ayu Purwaningsih Lulfi, Frisca Fitriana Lulu Hardiana Lutfiana Cahya Ningrum M. Sholahuddin Mahameru Rosy Rochmatullah Marcella Aulia Dewi Maria Susila Sumartiningsih Maryunda, Monic Anastasya Maulida, Farah Dzakiyyah Mawarni, Rahma Dila Mellisa, Sefi Monic Anastasya Maryunda Muchammad Azrial Akbar Muhammad Ridwan Agung Patria Nagara Mujiyati Mukhammad Akbar, Ashar Mutia Rida Utami Mutiara Saksono Putri Nabila Khairunnisa Nabila Putri Ameliya Nadia Farah Dina Nanda Devista Devista Naovi Aprilia Bima Safana Nashirotun Nisa Nurharjanti Nasywa Nathania Hirda Nica Tria Utami Ningsih, Wiwit Indah Lestari Noer Sasongko Novi Nur Ifgayani Novia Fitrotussalma Noviyanti, Erna Nuraisyah, Ratna Putri Nurhidayati, Diyah Nurlita Arum S Nursiam, Nursiam Pardiyanto Pardiyanto Pardiyanto, Pardiyanto Pawestri, Nabila Sophia Dwita Purwaningsih, Linda Ayu Purwitasari, Afrida Putri Rohmatul Ummah Putri, Eskasari Putri, Tri Asti Sari Ramadhan, Arie Vicky Galan Raslina, Galuh Ratih Mar Baningrum Ratri Nur Azizah Redhona Gevi Waluyo Putri Renata Virgina Arifin Rianida, Melycha Putri Ricky Riyanto Iksan Rima Berlian Putri Rina Trisnawati Rina Trisnawati, Ph.D Riskahayu Hermayanti Rochmatullah ., Rochmatullah Rohmah, Baety Nur Rois, Dimas Ilham Nur Roostina Nugraheni Putri Rosa Indriana, Octavia Rosa Milleniva Triandani Rosiyana, Intan Rukmana, Puput Ayu Salsa Ramadina Salsabila Putri Widyadana Salvania Ayu Pramudita Saputri, Iin Nilam Sari, Nadila Afika Sayyidah Alifah Rahmani Sekarningrum, Alifah Setyanto, Ari Setyowati, Devaria Aisya Shinta Permata Sari Shinta Permata Sari Silvi Novita Dewi Siti Aisyah Salim Siti Asiyah Siti Nurhayati Ning Rahayu Siti Nurhayati Ning Rahayu Sri Murwanti Syamsiah, Tiara Dwi Tiara Rahmawati Triandani, Rosa Milleniva Trisnawati, *Rina Triyono Triyono Ulfi Diana Uswatun Hasanah Utami, Nica Tria Wahyu Nur A’ni, Aflintang Wahyu Putra Utama Wahyu Putra Utama Wardhani, Ayu Riya Wati Tri Utami Wida Ramadhan, Adelia Ari Wijayanti, Sekar Arum Windi Febriyanti Putri Inayah Wiwit Indah Lestari Ningsih Wiyadi Wiyadi Yayuk Sri Wahzuni Yuliana Hasna Hanun Yulika Ambar Sari Zulfikar Zulfikar