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Dampak Pemberian Deviden dari PT. Alamtri Resources Terhadap Trend Return Saham Nani Rusnaeni; Arif Surahman
Jurnal Sekretari Universitas Pamulang Vol. 12 No. 2 (2025): JURNAL SEKRETARI
Publisher : Universitas Pamulang

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Abstract

ABSTRAK Penelitian ini mengkaji apakah pembagian dividen oleh PT Alamtri Resources memengaruhi tren harga saham, berdasarkan teori sinyal yang menyatakan bahwa dividen dapat meningkatkan kepercayaan investor dan nilai saham. Dengan menggunakan pendekatan event study dan regresi time series selama 82 hari setelah cum date, data dianalisis setelah ditransformasi dengan teknik winsorizing untuk memenuhi asumsi normalitas. Hasil penelitian menunjukkan tidak adanya hubungan signifikan antara waktu dan return saham, sehingga harga cenderung berfluktuasi daripada menunjukkan tren naik yang konsisten. Temuan ini bertentangan dengan ekspektasi teori dan mengindikasikan bahwa pengumuman dividen saja belum tentu menentukan pergerakan harga saham. Kata Kunci:. Dividen, Harga Saham, Event Study, Regresi, Teori Sinyal
PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP RETURN ON INVESTMENT PADA PT. BHUWANATALA INDAH PERMAI, TBK PERIODE 2007-2015 Rusnaeni, Nani
JURNAL SeMaRaK Vol. 1 No. 2 (2018): Jurnal SeMARAK
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/smk.v1i2.1806

Abstract

ABSTRAKTujuan dari penelitian adalah : Mengetahui tingkat Current Ratio (CR), Debt to Equity Ratio (DER) dan Return On Investment (ROI) pada PT. Bhuwanatala Indah Permai Tbk, serta guna mengetahui pengaruh Current Ratio (CR) dan Debt to Equity Ratio (DER) baik secara parsial maupun simultan terhadap Return On Investment (ROI) PT. Bhuwanatala Indah Permai periode 2007-2015. Metode penelitian menggunakan pendekatan deskriptif asosiatif dengan pendekatan hipotesis. Populasi penelitian ini adalah laporan keuangan PT Bhuwanatala Indah Permai dengan sampel yang terdiri dari laporan neraca dan laba rugi perusahaan tahun 2007-2015.  Analisis data yang digunakan dalam penelitian ini adalah analisis regresi linear sederhana, analisis regresi linear berganda, uji asumsi klasik yang meliputi uji normalitas, uji multikolinearitas, uji autokorelasi, dan uji heteroskedastisitas. Uji signifikansi parsial (uji t) DER diperoleh t hitung (2,580) < (2,447) serta signfikansi 0,036 < 0,05 artinya DER berpengaruh signifikan terhadap ROI. Kemudian analisis regresi linear berganda diperoleh persamaan regresi Y= 10,393+0,015X1+(0,174)X2. Uji simultan (uji F) diperoleh f hitung (2,893) < f tabel (5,14) dengan nilai signifikansi 0,132 > 0,05 artinya CR dan DER secara simultan tidak berpengaruh signifikan terhadap ROI. Koefisien determinasi (R2) sebesar 0,491 yang menunjukkan bahwa sebesar 49,1% pengaruh perubahan ROI dapat dijelaskan oleh variabel CR dan DER, sedangkan 50,9% dipengaruhi oleh variabel lain. Kata kunci :Current Ratio (CR), Debt to Equity Ratio (DER), Return On Investment (ROI). 
PENGARUH SOLVABILITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PT. ALAM SUTERA REALTY PERIODE 2010-2021 Rusnaeni, Nani
SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business Vol. 7 No. 1 (2024): SCIENTIFIC JOURNAL OF REFLECTION: Economic, Accounting, Management, & Business
Publisher : Sekolah Menengah Kejuruan (SMK) Pustek

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/sjr.v7i1.792

Abstract

The development of the property industry in Indonesia, particularly represented by PT. Alam Sutera Realty, Tbk., has experienced fluctuations in line with economic dynamics. Solvency and profitability emerge as key factors influencing the company's value. This research aims to analyze how solvency and profitability contribute to the value of PT. Alam Sutera Realty, Tbk. during the period 2010-2021. The study employs a quantitative approach with secondary data analysis. Financial data for the company is obtained from PT. Alam Sutera Realty, Tbk.'s annual financial reports. Regression analysis is utilized to assess the relationship between solvency, profitability, and the company's value. The population in this study comprises the financial reports of PT. Alam Sutera Realty, Tbk. from 2010 to 2021. The results indicate that solvency and profitability significantly impact the value of PT. Alam Sutera Realty, Tbk. High solvency enhances the company's value, while a favorable level of profitability also contributes positively to an increase in the company's value.
Pengaruh Perputaran Modal Kerja Dan Current Ratio Terhadap Return On Assets Pada PT Indofood CBP Sukses Makmur Tbk. Periode 2010 – 2020 Rusnaeni, Nani; Wulandari, Ika Putri
Jurnal Disrupsi Bisnis Vol. 5 No. 4 (2022): Jurnal Disrupsi Bisnis
Publisher : Prodi Manajemen, Fakultas Ekonomi, Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/drb.v5i4.21997

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Tujuan penelitian ini adalah untuk mengetahui pengaruh Perputaran Modal Kerja dan Current Ratio terhadap Retun On Assets. Metode penelitian yang digunakan adalah metode kuantitatif dan metode pengumpulan data yang digunakan adalah dengan metode pengambilan data sekunder. Metode analisis yang digunakan adalah uji statistik dengan metode uji asumsi klasik, Regresi Linier Berganda,  Uji t, Uji F, Uji Koefisien Korelasi dan Uji Koefisien Determinasi. Hasil penelitian menunjukkan Perputaran Modal Kerja secara parsial berpengaruh signifikan terhadap Return On Assets (ROA) dengan tingkat signifikansi 0,009 < 0,05. Current Ratio (CR) secara parsial berpengaruh signifikan terhadap Return On Asset (ROA) dengan tingkat signifikansi 0,005 < 0,05. Perputaran Modal Kerja dan Current Ratio (CR) secara simultan berpengaruh signifikan terhadap Return On Asset (ROA) dengan tingkat signifikansi 0,014 < 0,05
Developing Inclusive Learning Environments : Collaborative Learning Innovations for Students with Disabilities in Higher Education Ibnatur Husnul, Nisak Ruwah; Rusnaeni, Nani
Jurnal Kependidikan : Jurnal Hasil Penelitian dan Kajian Kepustakaan di Bidang Pendidikan, Pengajaran, dan Pembelajaran Vol. 10 No. 4 (2024): December
Publisher : LPPM Universitas Pendidikan Mandalika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33394/jk.v10i4.13294

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This research aims to develop of an inclusive learning environment for students with physical disabilities through learning innovations using collaborative learning methods. The method of research used is research and development (R&D), with the ADDIE model research design, which consists of five stages: analysis, design, development, implementation and evaluation. The population in this study were all students with physical disabilities at Pamulang University, with samples taken using a purposive sampling technique, so that representative students with physical disabilities were obtained for this research. Data was collected through interviews, questionnaires and observation methods to get a comprehensive picture of students' learning needs and experiences. The data analysis technique is carried out descriptively qualitatively, which includes needs analysis, learning design, collaborative learning video development, and evaluation of the effectiveness of the learning implemented. The results of this research show that the application of the ADDIE model in video development through collaborative learning methods succeeded in creating a more supportive learning environment for students with physical disabilities, as well as providing a more meaningful and interactive learning experience, so that student learning outcomes increased from a score of 6 to 8.
A Structural Equation Modeling (SEM) Approach to Examine The Impact of Gold Futures Price Spillovers, Dividend Announcements, and Investor Attention on Abnormal Returns among 32 Indonesian Listed Companies Distributing Dividends in 2024 Surahman, Arif; Rusnaeni, Nani
International Journal of Science, Technology & Management Vol. 7 No. 1 (2026): January 2026
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v7i1.1390

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The purpose of this study is to examine the effects of investor interest, dividend announcements, and spillovers in the price of gold futures on abnormal returns among 32 Indonesian listed businesses that paid dividends in 2024. The study examines the direct and indirect correlations between the variables using a quantitative approach and the Structural Equation Modeling (SEM) technique with Partial Least Squares (PLS) estimate in SmartPLS 3.0. The Indonesia Stock Exchange (IDX), corporate financial reports, and worldwide gold market statistics were the sources of secondary data. Trading volume was used as a stand-in for investor attention, and abnormal returns were measured using an event-study framework with a two-day window surrounding the cum-dividend date. The findings indicate that neither dividend announcements nor spillovers in the price of gold have a statistically significant impact on abnormal returns. While there is a weak positive correlation between dividend announcements and gold prices, there is a negative correlation, indicating a safe-haven substitution effect where investors move away from stocks as gold prices rise. Furthermore, investor attention does not mediate the relationship between the independent variables and the dependent variable, nor does it significantly affect abnormal returns. While investor attention shows very low predictability (R² = 0.002), the model shows a moderate explanatory power for abnormal returns (R² = 0.434) and a high predictive relevance (Q² = 0.435). Overall, the results show that the Indonesian capital market reacts to corporate and macroeconomic information primarily through direct effects rather than behavioral mediation. By emphasizing the restricted function of investor attention as an information-transmission channel, this study adds to the body of knowledge on behavioral finance and spillover dynamics in emerging countries. To improve the explanatory power of abnormal return models, it is advised that future research incorporate more comprehensive behavioral or sentiment factors.
Pengaruh Ukuran Perusahaan, Solvabilitas, Dan Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris Pt. Adira Dinamika Multi Finance Tbk. Periode 2015-2024) Rizal Abdurahman Sayuti; Nani Rusnaeni
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 3 No. 2 (2026): Maret
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v3i2.9042

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Abstract. This study aims to analyze the effect of firm size, solvency, and profitability on firm value at PT Adira Dinamika Multi Finance Tbk during the period 2015 - 2024. Firm value is an important indicator that reflects company performance as well as investors’ perceptions of future prospects and business sustainability, and therefore serves as a basis for investment decision-making in the capital market. This research employs a quantitative method with a descriptive and verificative approach. The population of this study consists of all annual financial statements of PT Adira Dinamika Multi Finance Tbk published during the period 2015–2024. The data used are secondary data in the form of annual financial statements obtained from the official website of the company. The data analysis techniques include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, t-test, F-test, and coefficient of determination. The results indicate that partially, firm size has a positive and significant effect on firm value, calculated tvalue > ttable (2,886 > 1,89458) means Ho is rejected and Ha is accepted, with a significance level of 0,028 < 0,05. Solvency has a positive and significant effect on firm value, calculated tvalue > ttable (2,998 > 1,89458) means Ho rejected and Ha is accepted, with a significance level of 0,024 < 0,05. Profitability has a positive and significant effect on firm value, calculated tvalue > ttable (3,421 > 1,89458) means Ho rejected and Ha is accepted, with a significance level of 0,014 < 0,05. Simultaneously, firm size, solvency, and profitability have a significant effect on firm value, calculated Fvalue > Ftable (19,174 > 4,76) with significance 0,002 < 0,05, means Ho rejected and Ha accepted. These findings indicate that companies with a larger business scale, a healthier capital structure, and a stronger ability to generate profits tend to have higher firm value in the eyes of investors
Financial Management Training for Entrepreneurs: Enhancing Decision Making and Financial Independence at Erawadee Company, Thailand Ingga Maulana; Andry Sugeng; N Rusnaeni
Journal of Innovation and Sustainable Empowerment Vol. 5 No. 1 (2026)
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat (LPPM) Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/jise.v5i1.188

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This Community Service (PKM) activity aims to improve the financial management skills of business actors at Erawadee Company, Thailand, so they can make more appropriate business decisions and support the achievement of financial independence. In the context of increasingly fierce business competition, especially in the herbal business sector, effective financial management is a crucial factor in maintaining business sustainability. The PKM implementation method uses a participatory and applied approach that includes socialization, training in simple financial recording, cost management, budgeting, and individual mentoring and consultation. The activity was carried out at Erawadee, Pattaya, Chon Buri, Thailand, on August 4–8, 2025, involving business owners, employees, and MSME actors within the Erawadee Company environment. The activity was evaluated through pre-test and post-test measurements of participants' understanding of aspects of financial recording, cost control, budgeting, and financial-based decision-making. The evaluation results showed an increase in the average score in all aspects measured after the implementation of the activity. Participants were also able to apply simple financial management practices to their daily business activities, resulting in increased efficiency, transparency, and the quality of business decision-making. Thus, this PKM activity contributes to improving financial literacy and supporting efforts to strengthen the financial independence of business owners in the Erawadee region.
Inspiring Future: Motivational Program for Visually Impaired Students toward Higher Education in Information Technology at Malaysian Association for the Blind (MAB) Ahmad Musyafa; Lisda Fitriana Masitoh; Joko Riyano; Nani Rusnaeni; Teti Desyani; Okta Irawati; Zurnan Alfian
JURIBMAS : Jurnal Hasil Pengabdian Masyarakat Vol 5 No 1 (2026): Juli 2026
Publisher : LKP KARYA PRIMA KURSUS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62712/juribmas.v5i1.1172

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Inclusive education is a crucial effort to ensure equitable access to education for all, including those with visual impairments. Although technological advances have made learning easier for visually impaired students, challenges remain that affect their motivation to pursue higher education. Limited information, low self-confidence, and stigma regarding the academic abilities of people with visually impaired are some of the frequently encountered barriers. This international community service program aims to increase the motivation, self-confidence, and insight of visually impaired students regarding higher education opportunities, particularly in the fields of information technology and computer engineering. The program was held on May 18, 2026, at the Malaysian Association for the Blind (MAB) in Kuala Lumpur, Malaysia, and involved 12 visually impaired students. The program included the delivery of motivational materials, an introduction to inclusive higher education, reinforcement of simple logic and mathematics, and interactive discussions. The program demonstrated high levels of enthusiasm among participants. Participants gained new insights into opportunities for continuing higher education, support for inclusive campuses, and the use of assistive technology in the learning process. This activity positively impacted participants' motivation and confidence to pursue higher education. Furthermore, it strengthened the role of higher education institutions in supporting inclusive education and equitable access to education for visually impaired students.
PENGARUH SOLVABILITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM (STUDI KASUS PT GREENWOOD SEJAHTERA TBK) PERIODE TAHUN 2014 – 2023 Milatum Syafah; Adji Widodo; Nani Rusnaeni
Bhinneka Multidisiplin Journal Vol. 3 No. 1 (2026): Bhinneka Multidisiplin Journal
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/bmj.v3i1.99

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This study aims to determine the effect of Solvency (Debt to Equity Ratio) and Profitability (Net Profit Margin) on the Stock Price of PT Greenwood Sejahtera Tbk. The population and sample used in this research are the Financial Statements of PT Greenwood Sejahtera Tbk, consisting of the Balance Sheet and Income Statement for the period from 2014 to 2023. The type of this research is descriptive quantitative, and the research methods used are Descriptive Statistical Analysis, Classical Assumption Test, Multiple Linear Regression, Hypothesis Testing, and Coefficient of Determination Test. The results of the study in the t-test (partial) show that the Debt to Equity Ratio has a t-value of –1.955 < t-table 2.365 with a significance value of 0.092 > 0.05. This means that the Debt to Equity Ratio does not have an effect on the Stock Price. Meanwhile, the Net Profit Margin has a t-value of -1.704 < t-table 2.365 with a significance value of 0.132 > 0.05. This means that NPM does not have an effect on Stock Prices. Based on the results of the F test (simultaneous), it shows that the calculated F value of 3.514 < the table F value of 4.46 with a significance value of 0.088 > 0.05. This means that there is no simultaneous effect between the Debt to Equity Ratio and Net Profit Margin variables on Stock Prices. The research results on the coefficient of determination show that the influence of the Debt to Equity Ratio and Net Profit Margin on Stock Price is 35.80%. Meanwhile, the remaining 64.20% is influenced by other variables that were not examined.