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THE FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES IN IDX AND SOME FACTORS THAT INFLUENCE Ichsan, Ichsan; Silvia, Ira; Mahdawi, Mahdawi; Syamni, Ghazali
Jurnal Aplikasi Manajemen Vol. 19 No. 2 (2021)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2021.019.02.11

Abstract

This study aims to examine some factors affecting the financial performance of manufacturing companies in the Indonesia Stock Exchange (IDX). This research uses data on the financial statements of 20 manufacturing companies listed on IDX in the period 20132017 and carried out share distribution facilities for their employees. This research model is a panel regression model done by testing the common effect model, fixed-effect model, and random effect model. Based on the Chow test and Hausman test, it is found that the best model in this study is the fixed effect model. The study results find that dividend policy, a share giving program to employees, and debt to equity ratio are significant factors affecting the financial performance of manufacturing companies in Indonesia. From these three factors, the debt to equity ratio is the dominant factor determining the financial performance of manufacturing companies, while investment decision does not significantly affect it. Future research studies can be carried out by focusing on other industrial sectors such as the Jakarta Islamic Index 70 and adding other macroeconomic variables.
SOES CORPORATE PERFORMANCE ON IDX AND SOME INFLUENCED FACTORS Iba, Zainuddin; Syahputra, Yudi; Syamni, Ghazali; Mahdawi, Mahdawi
Jurnal Aplikasi Manajemen Vol. 19 No. 4 (2021)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2021.019.04.16

Abstract

State-owned enterprises are government-owned businesses that have been privatized and can be close to politicians from political parties. They are also notorious for being poorly managed. The purpose of this research is to examine how political connections, institutional ownership, cash holdings, company size, and leverage affect the performance of state-owned enterprises on the Indonesia Stock Exchange. The data for this study comes from the annual reports of 20 state-owned enterprises (SOEs) listed on the IDX from 2014 to 2018. This research model is a panel regression model that tests the common effect, fixed-effect, and random effect models. Based on the Chow test and Hausman test, the best model in this study is the random effect model. The results found that political connections, institutional ownership, and cash holding are significant factors affecting the performance of state-owned companies. Another finding was that companies with stronger political connections affect the performance of state-owned companies. On the other hand, this study did not find companies having political connections affect the performance of state-owned companies. This finding is expected to provide benefits for investors to consider SOEs companies to invest.
Market Reaction To Government Policy: Case The Tourism, Hotel, And Restaurant Sectors During Pandemic Syamni, Ghazali; Rizal, Muhammad; Husaini; Terfiadi, Sari Yulis; Azzura
Jurnal Manajemen dan Keuangan Vol 14 No 1 (2025): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v14i1.9700

Abstract

This study examines the tourism, hotel, and restaurant sector's reaction to various government policies' announcements of COVID-19. This study used data from nine travel agencies, twenty-seven hotels, and eight restaurants collected from the Indonesian Stock Exchange and www.finance.yahoo.com. The limit was 10 days before and 10 days after the 7-event policy, with 140 days' worth of observations. This study found that abnormal returns were significantly negative when the government enforced community activities restrictions (PPKM) of the Micro policy in the restaurant industry. Besides that, in other events, the tourism, hotel, and restaurant sectors showed negative but insignificant statistical values. In addition, trading volume on the hotel, tourism, and restaurant indices shows different results between these indices. The hotel sector shows that when the government imposed the PSBB and PPKM there was a difference in the trading volume's statistical value, which was negative and significant except for PPKM-Zonation and PPKM-Emergency. The tourism sector shows negative and significant differences in trade volume values for PSBB and PPKM-Zonation, and PPKM-Emergency with positive differences. Finally, the restaurant sector found negative and significant differences during PSBB Transitional-I and positive trade volume differences during PPKM-Zonation
Peningkatan Partisipasi Pendidikan Tinggi Melalui Sosialisasi Fakultas Pertanian Universitas Malikussaleh di Kawasan Tapanuli, Sumatera Utara Rahman, Arief; Hatta, Muhammad; Mainisa; Yurni, Irma; Khaidir; Syamni, Ghazali
Jurnal Malikussaleh Mengabdi Vol. 4 No. 1 (2025): Jurnal Malikussaleh Mengabdi, April 2025
Publisher : LPPM Universitas Malikussaleh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29103/jmm.v4i1.22034

Abstract

Tingkat partisipasi siswa sekolah menengah dalam pendidikan tinggi masih tergolong rendah di Tapanuli khususnya di Kota Sibolga, Kabupaten Tapanuli Selatan, dan Kabupaten Tapanuli Tengah. Kondisi ini menunjukkan perlunya strategi intervensi yang terarah dan berkelanjutan. Artikel ini mengulas program sosialisasi perguruan tinggi sebagai salah satu pendekatan untuk meningkatkan partisipasi tersebut. Metode yang digunakan mencakup penyuluhan langsung di sekolah, penyebaran informasi melalui media sosial dan aplikasi WhatsApp, serta pendekatan motivasional berbasis komunitas. Hasil kegiatan menunjukkan peningkatan signifikan dalam berbagai aspek pemahaman siswa. Pemahaman mengenai jalur masuk perguruan tinggi meningkat dari 30% menjadi 85%, pengetahuan tentang beasiswa dari 25% menjadi 80%, pemahaman terhadap prospek karier dari 20% menjadi 70%, dan minat untuk melanjutkan studi dari 40% menjadi 75%. Selain itu, sebanyak 215 siswa tergabung aktif dalam grup WhatsApp sebagai indikator minat berkelanjutan terhadap pendidikan tinggi, dengan partisipasi konkret pada jalur SNBP (61 siswa), SNBT (30 siswa), dan jalur mandiri (5 siswa). Meskipun program ini menunjukkan perkembangan yang signifikan, beberapa tantangan masih perlu mendapatkan perhatian, seperti rendahnya keterlibatan orang tua, terbatasnya akses informasi di wilayah pedesaan, serta kendala finansial yang dihadapi calon mahasiswa. Sebagai tindak lanjut, disarankan agar program sosialisasi mendatang melibatkan orang tua secara aktif, menyediakan informasi beasiswa secara komprehensif, serta menyelenggarakan pendampingan berkelanjutan guna mendorong peningkatan partisipasi pendidikan tinggi dan memperkuat pembangunan sumber daya manusia di kawasan tersebut.
Penguatan Karakter Pancasila Generasi Z: Literasi Digital dan Etika Bermedia Sosial untuk Siswa SMA Rahman, Arief; Mainisa, Mainisa; Yurni, Irma; Syamni, Ghazali; Zulkifli, Zulkifli; Rasyid, Laila M
Jurnal Pengabdian Masyarakat Bangsa Vol. 3 No. 8 (2025): Oktober
Publisher : Amirul Bangun Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59837/jpmba.v3i8.3266

Abstract

Perkembangan teknologi digital telah membawa tantangan baru bagi generasi muda, khususnya siswa SMA yang merupakan bagian dari Generasi Z. Tingginya intensitas penggunaan media sosial membuat siswa rentan terhadap penyebaran hoaks, ujaran kebencian, dan perilaku tidak etis dalam ruang digital. Kondisi ini menunjukkan pentingnya pembekalan literasi digital yang tidak hanya berfokus pada keterampilan teknis, tetapi juga menanamkan nilai-nilai Pancasila sebagai landasan etika bermedia sosial. Kegiatan pengabdian kepada masyarakat ini bertujuan untuk menguatkan karakter Pancasila generasi muda melalui pelatihan literasi digital dan etika bermedia sosial. Metode yang digunakan meliputi presentasi interaktif, diskusi kelompok, simulasi fact-checking, serta praktik pembuatan konten digital yang bertanggung jawab. Hasil pelaksanaan menunjukkan adanya peningkatan pemahaman siswa, partisipasi aktif dalam praktik literasi digital, serta tumbuhnya kesadaran etis dalam bermedia sosial. Kegiatan ini membuktikan bahwa pelatihan literasi digital berbasis nilai-nilai Pancasila efektif dalam membentuk sikap kritis, etis, dan bertanggung jawab pada pelajar SMA, sekaligus memperkuat karakter kebangsaan.
Determinants of Foreign Direct Investment in Indonesia: Do Presidential Regimes Matter? Syamni, Ghazali; Ansari, Rizal; Majid, M. Shabri Abd; Marzuki, Marzuki; Akhyar, Chairil
Signifikan: Jurnal Ilmu Ekonomi Vol. 13 No. 1 (2024)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i1.40690

Abstract

Research Originality: The originality of the research is the separation of data in different governments. The request is based on the leadership style, especially in the era of President Susilo Bambang Yudhoyono and President Jokowi.Research Objectives: This study examines the determinants of foreign direct investment (FDI), both in the short and long term in Indonesia during the leadership of Presidents Susilo Bambang Yudhoyono (SBY) and Joko Widodo (Jokowi).Research Methods: This study uses time series data on the World Development Indicators website from 2004 to 2021. Using Autoregressive Distributed Lag (ARDL)Empirical Results: This study finds evidence that institutional quality, economic growth, and presidential regime in the short and long run significantly positively affect FDI. Meanwhile, the population negatively influences FDI in Indonesia in both the short and long run.Implications: These findings imply that to draw in more foreign direct investment (FDI), Indonesia must enhance institutional quality, economic growth, presidential governance, and population control.JEL Classification: F21, F43, G18, H21, R23