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Market Reaction to BI Rate Policy by Bank Indonesia in 2024 Using GLM-Repeated Measures: A Study of Property and Real Estate Companies on the Indonesia Stock Exchange Azizah, Elsia Nur; Hasnawati, Sri; Kusumah, Fajrin Satria Dwi
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 5 No. 2 (2025): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v5i2.823

Abstract

This study focuses on examining the market reaction to the BI Rate increase on April 24, 2024 and the BI Rate decrease on September 18, 2024 in property and real estate sector companies listed on the Indonesia Stock Exchange. This study aims to analyze the market reaction to the BI Rate policy event by Bank Indonesia in 2024. This research uses a type of quantitative research using an event study approach. The method used is the General Linear Model (GLM) with Repeated Measures to test differences in Abnormal Returns and trading volume activity before and after the BI Rate policy announcement. Based on the sample taken, namely Property and Real Estate sector companies, 74 research samples were obtained using a window period of 7 days before and 7 days after the event. The results showed that there was no significant difference in Abnormal Returns and trading volume activity before and after the BI Rate increase and decrease. The findings indicate that there is no capital market reaction or in other words the BI Rate policy event by Bank Indonesia in 2024 has no information content that can be absorbed by investors.
The Effect of Esg Disclosure on Firm Value: (Empirical Study on Companies Listed in the IDX ESG Leader Index for the Period 2021–2023) Aditya, Meisha; Hasnawati, Sri
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 5 No. 2 (2025): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v5i2.736

Abstract

The escalating threat of climate change has increasingly urged humanity to incorporate environmental considerations into various aspects of life, including investment decisions. This research investigates the influence of Environmental, Social, and Governance (ESG) disclosure on firm value among companies listed in the IDX ESG Leaders index during the period 2021–2023, utilizing stakeholder theory as the theoretical foundation. Employing a quantitative research design with purposive sampling, the study applies multiple linear regression analysis. The dependent variable, firm value, is proxied by the Price to Book Value (PBV), while the independent variables include aggregate ESG, Environmental, Social, and Governance disclosures, each measured using the Sustainability Report Disclosure Index (SRDI). The empirical findings reveal that aggregate ESG disclosure exerts a positive and statistically significant influence on firm value. Among the ESG components, Social Disclosure emerges as the only dimension with a significant and positive effect on firm value, whereas Environmental and Governance disclosures do not demonstrate any significant impact. These outcomes reflect the extent of investor confidence in firms that prioritize stakeholder engagement through robust ESG practices, particularly in social dimensions, thereby establishing a source of competitive advantage and enhancing firm valuation. This study offers practical implications for both corporate actors and investors by highlighting the strategic value of adopting ESG principles as non-financial instruments to support value creation and sustainable business growth.
PENYULUHAN PENGELOLAAN SDM DAN FINANCIAL LITERASI BAGI PENGELOLA DAN ANGGOTA KOPERASI KREDIT GENTIARAS DI KECAMATAN PRINGSEWU KABUPATEN PRINGSEWU LAMPUNG Hasnawati, Sri; Yuningsih, Yuningsih; Sari, Aida; Nabila, Nuzul Inas
Abdi Laksana : Jurnal Pengabdian Kepada Masyarakat Vol 3 No 2 (2022): Abdi Laksana : Jurnal Pengabdian Kepada Masyarakat
Publisher : LPPM Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/al-jpkm.v3i2.20306

Abstract

Koperasi merupakah salah satu soko guru perekonomian Indonesia. Kontribusi koperasi dan UKM terhadap PDB (pendapatan domestik bruto) nasional mencapai 56,5%. Kemenkop UKM mencatat, sampai saat ini 99% pelaku perekonomian Indonesia berasal dari koperasi dengan jumlah 177.483 unit, dan UKM yang berjumlah 52,7 juta unit.  Keberlangsungan  koperasi tergantung pada Sumber Daya Manusia dan bagaimana Mengelola Keuangan . Pengelolaan sumber daya manusia yang baik tidak terlepas dari perencanaan SDM  bagi pengelola pada khususnya dan anggota pada umunya. Pengelolaan keuangan koperasi diperlukan agar setiap keputusan keuangan yang dilakukan koperasi mampu memberi nilai tambah bagi para stakeholdersnya. Selain bagi pengelola,  anggota koperasi harus memahami bagaimana mengelola keuangan dengan baik dan melek keuangan (financial literacy). Untuk tujuan ini diperlukan adanya suatu penyuluhan mengenai pengelolaan SDM pada koperasi dan penyuluhan tentang financial literasi bagi pengelola dan anggotanya. Penyuluhan ini diharapkan mampu menambah wawasan dan pemahaman yang baik pagi pengurus maupun anggota koperasi tentang SDM dan manajemen keuangan.  Pengabdian masyarakat yang dilakukan dengan  metode penyuluhan  tentang pengelolaan SDM dan financial literasi bagi pengurus dan anggota KopDit Gentiaras di Kecamatan Pringsewu, Lampung berhasil dengan baik dan berjalan lancer. Hal ini dapat dilihat dari peningkatan pemahaman tentang pengelolaan SDM dan  financial literasi dari hasil posttest yang diperoleh. Oleh karena itu diperlukan dukungan dan pendampingan bagi pengurus dan anggotanya supaya dapat berkembangan guna mendukung perekonomian  masyarakat sekitar  dan pengelolaan koperasi secara professional.Kata Kunci : SDM, Financial Literasi, dan Koperasi Kredit
The Influence of Managerial Ownership, Company Growth and Profitability on Dividend Policy in LQ45 Companies 2019-2021 Magdalena Napitupulu, Maria; Hasnawati, Sri; Kufepaksi, Mahatma
Economic Education and Entrepreneurship Journal Vol 7, No 1 (2024): Economic Education and Entrepreneurship Journal (E3J)
Publisher : FKIP Universitas Lampung

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

Abstract

Dividend policy is a decision about how much of current earnings will be paid out as dividends rather than retained earnings which will then be reinvested in the company. dividend policy can be measured through the dividend payout ratio (DPR). The ratio shows the percentage of the company's earnings that are paid out to shareholders in cash. Companies that have a high DPR and increase from year to year can provide positive signals to investors, because dividend announcements can be used as information by shareholders regarding company performance. This study aims to determine the effect of managerial ownership, company growth, profitability on dividend policy in LQ45 companies 2019-2021. This research is quantitative research. The data used is also secondary data taken from the official website of the Indonesia Stock Exchange in the form of financial reports of LQ45 companies listed on the IDX. Based on the results of data analysis and discussion of the effect of Managerial Ownership, Company Growth, and Profitability on Dividend Policy in LQ45 companies 2019 - 2021, it can be concluded. The managerial ownership variable has no effect on dividend policy as proxied by the dividend payout ratio. The company growth variable affects the dividend policy proxied by the dividend payout ratio. This indicates that any increase or decrease in total assets during the observation period affects the dividend to be distributed to shareholders. The profitability variable has no effect on dividend policy proxied by the dividend payout ratio.Keywords: Managerial Policy, Company Growth, Profitability, Dividend PolicyDOI: http://dx.doi.org/10.23960/E3J/ v7i1.34-42 
PENGARUH PROFITABILITAS, STRUKTUR MODAL, DIVIDEN, DAN PERTUMBUHAN (GROWTH) TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI PERIODE 2017-2022 Wulansari, Meliana Fitri; Hasnawati, Sri
Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 2 No. 7 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.572349/neraca.v2i7.1905

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Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas, struktur modal, dividen, dan pertumbuhan (growth) berpengaruh terhadap nilai perusahaan subsektor famasi yang terdaftar di Bursa Efek Indonesia periode 2017-2022. Penelitian ini memiliki sampel sebanyak 9 perusahaan dengan total data sebanyak 54 data. Perhitungan menggunakan model analisis data panel yang menggunakan software Eviews 12. Berdasarkan perhitungan secara statistik serta pembahasan pada bab sebelumnya, maka dapat ditarik kesimpulan sebagai berikut. Profitabilitas yang diproksikan melalui Return on Equity (ROE) berpengaruh terhadap nilai perusahaan, Struktur modal yang diproksikan melalui Long-term Debt to Equity Ratio (LtDER) tidak berpengaruh terhadap nilai perusahaan, kebijakan dividen yang diproksikan melalui Dividen Payout Ratio (DPR) tidak berpengaruh, pertumbuhan perusahaan yang diproksikan melalui Growth Ratio tidak berpengaruh terhadap nilai perusahaan.
The Impact of Green Banking on Profitability (Study on Banking Sector Listed on Indonesia Stock Exchange (IDX) Period 2016-2022) Chen Tia; Hasnawati, Sri; Faisol, Ahmad
International Journal of Asian Business and Management Vol. 2 No. 6 (2023): December, 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijabm.v2i6.7075

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The objective of this study is to determine the impact of green banking on profitability of banks in Indonesia. The sample of this research is the Indonesian banking sector during the period 2016 to 2022. The data utilized in this study were obtained from secondary sources, specifically from 9 banks. In total, there were 63 observations. The measurement of profitability ratio is conducted through the utilization of Return on Asset (ROA). The study using data panel analysis resulting green banking using 21 reported items of Green Banking Disclosure Index positively have impact on profitability of banks. It implies that the increasing green banking practices will increase the profitability of banks, highlighting the use of the separate green banking index measurements outside of the total green banking index might be considered by future researchers
The Role of Neurofeedback in the Treatment of Post-traumatic Stress Disorder: A Neuro Psychological Perspective Mujahidah, Mujahidah; Marlina, Elly; Aini, Amalia Nur; Hasnawati, Sri; Harahap, Aprilinda M
World Psychology Vol. 3 No. 2 (2024)
Publisher : Sekolah Tinggi Agama Islam Al-Hikmah Pariangan Batusangkar, West Sumatra, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/wp.v3i2.703

Abstract

Background: Post-Traumatic Stress Disorder (PTSD) treatment using neuropsychology has come a long way. Neurofeedback, also called EEG biofeedback, is a technique that teaches the brain to regulate its own electrical activity. Using an EEG, or electroencephalogram, device, one can see brain activity in real-time and be trained to change unbalanced or abnormal brain wave patterns. Research Purposes: This study was conducted to determine the purpose of neurofeedback, which serves to control this brain activity in a way that is comfortable and suited to the individual. During a neurofeedback session, people usually sit in front of a computer screen and see how their brain activity is depicted. Repetitive training can teach the brain to keep doing healthier activities, even after the therapy session. Method: The method used by researchers in examining the Role of Neurofeedback in the Treatment of Post-Traumatic Stress Disorder: A Neuro Psychological Perspective is to use quantitative methods. The data obtained by researchers were obtained from the results of distributing questionnaires. The questionnaire distribution carried out by researchers was carried out online by utilizing Google From software. The results of the data acquisition will also be tested again using the SPSS application. Results: From the results of the study, it can be seen that from a neuropsychological perspective, neurofeedback aids the restoration of healthy brain function through repeated and consistent learning. This process is known as neuroplasticity, where the brain reshapes and strengthens neural connections made by new experiences and practice. Therefore, neurofeedback not only reduces PTSD symptoms, but also aids in long-term recovery and improves one's quality of life. Conclusion: Researchers can conclude that from a neuropsychological point of view, neurofeedback is not only considered as a therapeutic tool, but also as an entry point to understanding and modulating human brain function during recovery from trauma. Neurofeedback also offers an innovative and science-based approach in the treatment of PTSD, potentially expanding the therapeutic options available to individuals experiencing this disorder.
The Influence of Financial Literacy and Risk Tolerance on Student Investment Decisions with Demographic Factors as Moderating Variables Anindya, Camelia Nur; Hasnawati, Sri
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 4 No. 2 (2024): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v4i2.369

Abstract

This research explores how Financial Literacy and Risk Tolerance affect Investment Decisions, with a particular focus on the role of demographic factors such as Gender and Income as moderating variables. In this study, Financial Literacy and Risk Tolerance are examined as independent variables, while Investment Decision is the dependent variable. The sample for this study comprises 120 respondents, all of whom are students with experience in stock investments. These respondents were selected using a convenience sampling method. The analysis of the data reveals that both Financial Literacy and Risk Tolerance have a significant impact on Investment Decisions made by students. However, the study finds that demographic factors such as Gender and Income do not act as moderators in the relationship between Financial Literacy and Investment Decisions. Similarly, these demographic factors do not moderate the effect of Risk Tolerance on the students' investment decisions. The purpose of this study is to offer insights that could aid in the development of more targeted and effective financial education programs. By understanding the direct influence of Financial Literacy and Risk Tolerance on investment choices and recognizing the non-moderating role of Gender and Income, the study aims to enhance strategies that promote investment participation among students.
Market Reaction to the 2024 Election Results: Prabowo-Gibran's Presidential Announcement: (Study on LQ-45 Companies) Na’im, Arif Ainun; Hasnawati, Sri
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 4 No. 3 (2024): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v4i3.496

Abstract

This study examines the capital market's reaction to the announcement of Prabowo-Gibran’s victory in the 2024 Indonesian presidential election by the General Elections Commission (KPU) using event study methodology. The research focuses on abnormal returns, trading volume activity (TVA), and security return variability (SRV) of companies listed in the LQ-45 index. Data was collected for an event window spanning five days before and after the announcement. The results show no significant changes in abnormal returns, indicating that the market had already priced in the expected outcome prior to the official announcement. Trading volume activity increased slightly but this change was also not statistically significant,suggesting that the announcement did not introduce substantial new information. Similarly, SRV decreased slightly but not significantly, pointing to a relatively stable market reaction. The findings align with the Efficient Market Hypothesis, suggesting that the market had already absorbed the election outcome based on early survey data. These results contrast with previous studies that identified significant market reactions to political events, highlighting the unique nature of investor behavior in this particular event.
The Influence of Green Banking Activities on Environmental Performance of Listed Banks on the Indonesia Stock Exchange Ainunnisa, Shofia; Hasnawati, Sri; Hendrawaty, Ernie
Eduvest - Journal of Universal Studies Vol. 4 No. 6 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i6.1306

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This study investigates the effect of green banking and green financing on the environmental performance of banks in Indonesia. Green Banking is a banking approach that integrates environmental factors in policies and operations, while green financing is related to environmentally friendly lending. The purpose of this study is to provide an understanding of the concept of Green Banking and its impact on the environmental performance of banks in Indonesia. Similar research has been conducted in several countries, but research in Indonesia is still limited. The results of this study are expected to serve as a basis for banks in implementing better Green Banking practices to achieve sustainable development