Claim Missing Document
Check
Articles

Financial Ratios and Stock Prices in Food Beverage Firms: Rasio Keuangan dan Harga Saham di Perusahaan Makanan dan Minuman Ningrum , Nadiyatus Setia; Widodo, Heri
Indonesian Journal of Law and Economics Review Vol. 20 No. 3 (2025): August
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i3.1478

Abstract

General Background Stock prices are widely used as indicators of firm value in capital markets and reflect investor assessments of corporate financial performance. Specific Background In Indonesia, food and beverage companies represent a growing manufacturing sector that attracts investors due to stable demand and continuous expansion. Knowledge Gap Previous studies report inconsistent findings regarding the role of earnings per share, debt structure, and equity returns in explaining stock price movements, particularly across different periods and sectors. Aims This study aims to examine the relationship between Earning Per Share, Debt to Equity Ratio, and Return on Equity on stock prices of food and beverage companies listed on the Indonesia Stock Exchange during 2019–2023. Results Using multiple linear regression on secondary data from selected firms, the findings indicate that Earning Per Share shows a significant positive relationship with stock prices, while Debt to Equity Ratio also demonstrates a significant association. Return on Equity displays a positive but not consistently significant relationship. Novelty The study provides updated empirical evidence by focusing on a specific industrial sector and a recent observation period. Implications The results highlight the importance of profitability and capital structure indicators as key considerations for investors and corporate management in evaluating stock price dynamics. Keywords: Earning Per Share,Debt to Equity Ratio,Return on Equity,Stock Price,Indonesia Stock Exchange Key Findings Highlights: Profit per share demonstrates a strong statistical relationship with market valuation. Leverage structure is closely associated with investor assessment in the observed sector. Equity return shows varying relevance across firms and periods.
Business Duration Strengthens Capital and Cost Management for MSME Profitability Hanafi, M. Syamsudin Al; Widodo, Heri
Indonesian Journal of Cultural and Community Development Vol. 16 No. 3 (2025): September
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/wsr6pz69

Abstract

General Background: Micro, Small, and Medium Enterprises (MSMEs) play a vital role in sustaining village economies and community livelihoods in Indonesia. Specific Background: Sayangan MSMEs in Kebakalan and Kesambi Villages represent hereditary manufacturing businesses facing challenges in managing capital, production costs, and sales turnover to achieve stable profitability. Knowledge Gap: Prior studies show inconsistent findings regarding how these factors relate to profitability, particularly regarding the role of business duration as a moderating variable in village-based MSMEs. Aim: This study examines the relationships between business capital, production costs, and sales turnover with profitability, while positioning business duration as a moderating factor. Results: Findings reveal that capital and sales turnover are positively associated with profitability, production costs are significant, and business duration strengthens the relationships between capital and costs with profitability but not between sales turnover and profitability. Novelty: The study integrates business duration as a moderating variable within a localized village MSME context, providing a community-based managerial perspective. Implications: Results offer practical guidance for MSME actors to prioritize efficient cost control, optimal capital use, and experiential learning to maintain sustainable profitability in rural enterprises.
Anime Merchandise: Faktor-Faktor Penentu Konsumsi Produk Budaya Populer Jepang Widodo, Heri; Puspitasari, Diana; Suryadi, Yudi
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v11i2.63529

Abstract

Penelitian ini bertujuan mengidentifikasi faktor-faktor penentu konsumsi anime merchandise di kalangan penggemar budaya populer Jepang di Indonesia. Menggunakan pendekatan kualitatif berbasis Interpretative Phenomenological Analysis (IPA), penelitian ini menganalisis data dari 18 wawancara mendalam, observasi partisipatif, dan dua sesi focus group discussion (FGD) dengan responden aktif di Jakarta dan Purwokerto. Temuan mengungkap lima faktor dominan: (1) identitas fan dan afiliasi komunitas, (2) nostalgia dan ikatan emosional terhadap karakter, (3) kualitas dan orisinalitas produk, (4) strategi pemasaran visual dan digital, serta (5) nilai simbolik sebagai ekspresi status sosial dan modal budaya. Konsumsi merchandise tidak hanya bersifat transaksional, melainkan menjadi praktik identitas, afeksi, dan pertukaran budaya transnasional. Penelitian ini memperluas Consumer Culture Theory (CCT) dan fan studies dengan konteks Asia Tenggara, sekaligus memberikan implikasi praktis bagi industri kreatif dalam merancang strategi merchandising yang berbasis komunitas, emosional, dan visual.
ANALYSIS OF INTERNAL AUDIT IMPLEMENTATION AND ITS IMPACT ON SCHOOL FINANCIAL TRANSPARENCY Biduri, Sarwenda; Widodo, Heri; Rahmawati, Imelda Dian; Firnata, Tifani Angga
Journal of Social Comunity Services Vol. 3 No. 1 (2026): Journal of Social Community Service (JSCS)
Publisher : Antis-publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/jscs.v3i1.460

Abstract

Objective: This research aims to analyze the implementation of internal audits and their impact on the financial transparency of SMP Muhammadiyah 5 Tulangan. Internal audit is one of the important control mechanisms in ensuring accountability and transparency in the management of educational funds. Method: The research method used is a qualitative approach with data collection techniques through observation, interviews, and documentation. Results: The research results show that the implementation of internal audits has been carried out systematically through the examination of financial documents, evaluation of expenditure procedures, and reporting to the school and foundation leadership. The implementation of internal audits has a positive impact on the improvement of financial report transparency, administrative orderliness, and increased stakeholder trust. Novelty: This research aims to analyze the implementation of internal audits and their impact on the financial transparency of SMP Muhammadiyah 5 Tulangan.