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Analisis Perbandingan Kinerja Keuangan Sebelum Dan Saat Pandemi Covid- 19 Pada Sektor Food And Beverage Di Bursa Efek Indonesia Farhan, Muhammad; Yunita, Irni
eProceedings of Management Vol. 11 No. 5 (2024): Oktober 2024
Publisher : eProceedings of Management

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

Abstract

Pandemi COVID-19 telah memberikan dampak yang signifikan pada berbagai sektor industri, termasuk sektor Foodand Beverage. Penyebaran COVID-19 yang cepat memaksa pemerintah menerapkan kebijakan PSBB untukmembatasi aktivitas masyarakat di luar rumah. Kebijakan ini berdampak buruk pada perekonomian Indonesia. Salahsatu sektor yang terdampak adalah Food and Beverage, terutama dalam hal kinerja keuangan perusahaan. Penelitianini bertujuan untuk menganalisis dampak pandemi terhadap kinerja keuangan perusahaan di sektor Food and Beverageyang terdaftar di Bursa Efek Indonesia. Penelitian ini bersifat deskriptif komparatif dengan sampel sebanyak 21perusahaan Food and Beverage yang terdaftar di BEI, dipilih menggunakan teknik purposive sampling. Metodeanalisis yang digunakan adalah uji beda dengan fokus pada variabel rasio profitabilitas, likuiditas, aktivitas, dansolvabilitas. Hasil penelitian menunjukkan bahwa hanya Debt Equity Ratio (DER) yang mengalami perubahansignifikan sebelum dan sesudah pengumuman. Kata Kunci-current ratio, return on asset, total turn over ratio, debt equity ratio
The Influence Of Macroeconomic Factors And World Commodity Prices On The Volatility Of The Indonesian Sharia Stock Index Agus Afrianingsih, Dwi; Yunita, Irni
International Journal of Science, Technology & Management Vol. 6 No. 4 (2025): July 2025
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v6i4.1244

Abstract

The Indonesia Sharia Stock Index (ISSI) serves as a key indicator of sharia-compliant stock performance on the Indonesia Stock Exchange. This study investigates the impact of macroeconomic factors—interest rates, exchange rates, inflation, oil prices, and gold prices—on ISSI volatility from January 2015 to December 2024. Utilizing a quantitative approach with multiple regression analysis, the findings reveal that interest rates significantly negatively affect volatility (coefficient -0.509, significance 0.001), indicating that higher interest rates reduce market volatility. In contrast, the exchange rate and inflation show no significant effects (coefficients -0.308 and 0.144). World oil prices have a marginal negative impact (coefficient -0.200), while gold prices are not significant (coefficient 0.045). ANOVA results confirm that all independent variables collectively influence ISSI volatility significantly (significance 0.005). This research underscores the importance of macroeconomic factors in investment decision-making within the sharia market and suggests future studies incorporate sectoral analysis and additional control variables for deeper insights.
IPO Underpricing: IPO Stock Performance On The Indonesia Stock Exchange Novemrian, Yandi; Yunita, Irni
International Journal of Science, Technology & Management Vol. 6 No. 4 (2025): July 2025
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v6i4.1331

Abstract

This study aims to analyze non-financial factors that influence underpricing in companies conducting Initial Public Offerings (IPOs) on the Indonesia Stock Exchange during the period 2021 to 2023. The variables analyzed include industry sector, issue size, underwriter reputation, auditor reputation, and legal consultant reputation. The research employs a quantitative approach with an explanatory design and uses binary logistic regression analysis. The sample consists of 187 firms selected using purposive sampling. The results show that the underpricing phenomenon remains prevalent in Indonesia. Among the variables studied, issue size and auditor reputation have a significant influence on underpricing. These findings indicate the importance of strong market signals in reducing information asymmetry between issuers and investors. This research contributes to the IPO literature in emerging markets and provides practical implications for companies, investors, and capital market authorities.
Analisis Reaksi Pasar dan Kinerja Keuangan Terhadap Pengumuman Merger pada PT. Bank Syariah Indonesia Tbk. Piamalia, Novita Nur; Yunita, Irni
Jurnal Ekonomi Efektif Vol. 6 No. 1 (2023): JURNAL EKONOMI EFEKTIF
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/JEE.v6i1.34513

Abstract

Pertumbuhan keuangan syariah menjadi cikal bakal peristiwa merger PT Bank Syariah Indonesia Tbk. Penelitian ini bertujuan untuk menganalisis perbedaan dalam reaksi pasar dan kinerja keuangan sebelum dan setelah pengumuman merger. Variabel yang digunakan untuk mengukur reaksi pasar adalah Abnormal Return (AR) dan Trading Volume Activity (TVA). Sementara itu, kinerja keuangan diukur dengan menggunakan Economic Value Added (EVA). Penelitian ini termasuk dalam kategori penelitian kuantitatif. Uji hipotesis dilakukan dengan menggunakan metode paired sampel t-test dan wilcoxon sign-rank test. Temuan penelitian menunjukkan bahwa tidak ada perbedaan yang signifikan dalam AR, namun terdapat perbedaan yang signifikan dalam TVA dan EVA.
ANALYSIS OF INVESTMENT FEASIBILITY AND SENSITIVITY ANALYSIS FOR THE XYZ GEOTHERMAL POWER PLANT (GPP) DEVELOPMENT PROJECT Darussalam Darussalam; Irni Yunita
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 5 No. 1 (2025): February
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v5i1.2465

Abstract

Currently, the electricity system of North Sulawesi Province is supplied by power plants including Geothermal Power Plant (GPP), Coal-fired Power Plant (CFPP), Hydroelectric Power Plant (HPP), Solar Power Plant (SPP), Diesel Power Plant (DPP), and Gas Turbine Power Plant (GTPP) with a total installed capacity of 589 MW. The Net Capacity (NC) of this system is approximately 492 MW and the Net Supply Capacity (SC) is around 462 MW, resulting in a gap between installed capacity, NC, and SC Over the past few years, the electricity sales growth in North Sulawesi Province has been quite high, around 7.8% based on sales data from 2011-2020, and is projected to continue growing. Additionally, it is expected that the Energy Mix from New and Renewable Energy sources should reach 23% by 2025, thus the development of new power plants from New and Renewable Energy sources can contribute to achieving this Energy Mix. This research is conducted as a further study regarding the feasibility of investing in the development of XYZ Geothermal Power Plant to provide added value for the company. The research method employed is quantitative descriptive method, which involves calculating the Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Discounted Payback Period (PP), and Sensitivity Analysis (SA). The results show that the investment will be feasible if the capital source for the investment comes from corporate loans for the upstream sector and soft loans for the downstream sector of development, resulting in an NPV of 2,241 thousand USD, an IRR of 11.11%, a PI of 1.01, and a PP of 24 years. Furthermore, the analysis shows that the decision on the capital source is important, as it affects feasibility, and loan variables such as the interest rate in corporate loans and repayment years in soft loans are important factors to consider in increasing economic feasibility. On the other hand, if the best scenario is chosen—decreasing cost variables and increasing both the electricity tariff and capacity factor by 10% from the base scenario—it can result in higher economic feasibility. Moreover, the electricity tariff, capacity factor, production well cost, and power plant cost have the greatest impact on feasibility. Therefore, it is important to strive for the maximum value of the electricity tariff and capacity factor, while minimizing production well and power plant costs as efficiently as possible.
Impact of Sustainability Reports Quality and Green Bonds on Financial Performance in Financial Services Company Sagung Desy Pratami, A.A; Yunita, Irni
Enrichment: Journal of Multidisciplinary Research and Development Vol. 2 No. 12 (2025): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v2i12.302

Abstract

The rise of sustainable finance is in accordance with the increasing emphasis on the need to implement sustainable development globally. However, inadequate research has been done on how sustainability finance practices impacts a company's financial performance. Through sustainability reports and the issuance of green bonds, this research aims to comprehend how sustainable finance practices affect financial performance. Return on Equity (ROE) serves as an indicator for financial performance in this research.  The 19 financial services companies listed on the Indonesia Stock Exchange comprised the research's population. Path analysis was used to perform the analysis. The findings show that the issuance of green bonds is positively and significantly impacted by the caliber of sustainability reports. However, the financial performance of Indonesian financial service companies is not significantly impacted by the quality of sustainability reports or the issuance of green bonds. The impact of sustainability report quality on the financial performance of Indonesian financial service companies is positively mediated by the issuance of green bonds. The importance of utilizing green bond issuance as a strategic tool to improve the financial results linked to sustainable reporting practices is highlighted by this finding, which offers useful insights for Indonesian financial service institutions.
The Key of Customer’s Satisfaction and Loyalty: E-Service Quality, Price, and Trust Fachrizal, Fiqhi; Apsari Sugiat, Maria; Yunita, Irni
Journal of Economics and Business UBS Vol. 12 No. 6 (2023): Special Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i6.1281

Abstract

Some companies do not reach sustainability because of the lack of innovation in products, services, and marketing, With the aim of growing the customer count as well as to maintain existing customers. Currently, competition in the telecommunications industry is very tight due to the increasing number of internet providers, such as Indihome, Biznet, Iconnet, and other official and unofficial local ISPs. Internet provider companies must be able to enhance the quality of services and products that are capable of reaching various economic levels, including upper, middle, and lower levels, as the demand for internet continues to grow, even in rural areas. This research endeavors to analyze e-service quality, web design, price, and trust affect the level of satisfaction and loyalty of Indihome customers. The quantitative research design is being utilized. The type of research used is descriptive. New Indihome users in the Datel Situbondo area were the focus of the study who started subscribing since the first semester period of 2022, which totalled 1059 people. Researchers used purposive sampling technique to collect sample of 290 respondents. This research covers Situbondo Representative Office area which is divided into 4 regions, consisting of Situbondo, Mlandingan, Besuki, and Asembagus. Drawing from the research results, e-service quality, price, and trust each have a positively effect on customer satisfaction and customer loyalty. Customer satisfaction is related to customer loyalty. As customer satisfaction rises, so does customer loyalty.
A financial and operational impact analysis of capital expenditure (capex) prioritization: a case study of pt pln (persero) from 2019 to 2023 Jeffry Frans Rinaldo Silaban; Anisah Firli; Irni Yunita
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 10 No. 4 (2024): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020244383

Abstract

Dalam industri energi, khususnya pada perusahaan seperti PT PLN (Persero), Capital Expenditure (Capex) berperan dalam pengembangan infrastruktur dan peningkatan kapasitas produksi. Memahami dampak prioritisasi Capex terhadap kinerja keuangan dan operasional perusahaan sangat penting untuk mengoptimalkan strategi investasi dan memastikan keberlanjutan finansial serta efisiensi operasional yang optimal. Penelitian ini bertujuan untuk memberikan wawasan tentang bagaimana strategi Capex dapat memengaruhi rasio keuangan utama seperti Total Asset Turnover, Return on Investment (ROI), dan Debt to Asset Ratio. Metodologi penelitian ini melibatkan penggunaan pendekatan kuantitatif dengan metode analisis regresi linear sebagai teknik utama untuk menguji hubungan antara variabel Capex dan rasio keuangan. Metode ini dipilih karena kemampuannya untuk mengidentifikasi dan mengukur hubungan antara variabel independen (Capex) dan variabel dependen (rasio keuangan), serta untuk mengevaluasi dampak prioritisasi Capex terhadap kinerja keuangan perusahaan. Data yang digunakan meliputi laporan tahunan dan laporan keuangan PT PLN dari tahun 2019 hingga 2023 yang dianalisis untuk menentukan pengaruh Capex terhadap efisiensi operasional dan struktur keuangan. Hasil analisis menunjukkan bahwa prioritisasi Capex secara signifikan meningkatkan efisiensi penggunaan aset, tercermin dalam rasio Total Asset Turnover yang lebih tinggi, sementara dampaknya terhadap ROI tidak signifikan. Selain itu, perubahan dalam Debt to Asset Ratio tidak menunjukkan perubahan yang signifikan. Penelitian ini memberikan wawasan penting mengenai efektivitas strategi investasi Capex dan implikasinya terhadap kinerja keuangan perusahaan, serta menyoroti perlunya perencanaan investasi yang lebih baik untuk mencapai hasil yang optimal dan berkelanjutan dalam konteks perusahaan energi.
Pengaruh risk profile, good corporate governance (GCG), earnings (profitability), and capital (capital adequacy), terhadap pertumbuhan laba pada bank syariah Salsabila Fadila Putri; Irni Yunita
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 10 No. 3 (2024): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020244423

Abstract

The development of the financial sector, particularly the banking industry, has a significant impact on the economic growth of a country. Islamic banks, as part of the financial sector, play a crucial role in supporting economic growth and financial stability. This study aims to analyze the influence of bank health levels, assessed based on Risk Profile (Profil resiko), Good Corporate Governance (GCG), Earnings (Profitability), and Capital (Capital Adequacy), on profit growth in Sharia Banks listed on the Indonesia Stock Exchange (IDX) during the period 2018-2022. Secondary data used were financial reports published by relevant Islamic banks or the Financial Services Authority (OJK) website with 4 companies as samples. Quantitative method was chosen for this paper. Limitation for this paper is only for sharia banks listed on Bursa Efek Indonesia (BEI).  First, from the test on the Influence of Risk Profile (Non Performing Loan/NPL) on Profit Growth, the results show that NPL has an insignificant negative influence on profit growth. Second, in the test on the Influence of Good Corporate Governance (GCG) on Profit Growth, although the coefficient shows a positive influence, partially GCG does not have a significant influence on the company's profit growth. Third, the test on the Influence of Rentability (Return On Asset/ROA) on Profit Growth shows that ROA has a positive influence, but is not significant on the company's profit growth. Fourth, in the test on the Influence of Capital (Capital Adequacy Ratio/CAR) on Profit Growth, although the coefficient shows a positive influence, partially CAR does not have a significant influence on the company's profit growth.The results of this research are expected to provide a better understanding of the factors influencing the profit growth of Islamic banks and their implications for the stability and growth of the Islamic financial sector, for investor to get maximal capital gain. The weakness and limitation of the study the samples are only 4 companies.
Innovative circular economy approaches in e-waste management: a case study of telkomcel timor leste Graciano Andre Damiao Maia; Ratna Lindawati Lubis; Irni Yunita
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 10 No. 3 (2024): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020244608

Abstract

This study evaluates the application of circular economy principles in managing e-waste at Telkomcel Timor Leste, a leading telecommunications company in the country. Timor Leste is facing increasing challenges in e-waste management due to the growing use of technological devices, which contributes to the rising volume of electronic waste. Inadequate management of e-waste poses significant environmental and health risks, including pollution and the leaching of harmful substances into the soil and water. The study uses a mixed-methods approach, including secondary data analysis and in-depth interviews with key stakeholders at Telkomcel, involving 4 respondents from various stackholder related to waste management and sustainability. The analysis focuses on Telkomcel's strategies in implementing circular economy practices, such as device refurbishment, recycling programs, and internal policies. The findings reveal that while Telkomcel has taken significant steps toward adopting a circular economy model, challenges remain, including limited infrastructure, low public awareness, and insufficient recycling facilities. Notably, Telkomcel has initiated internal policies promoting e-waste collection, repair, and reuse of devices, yet the company faces barriers in scaling these efforts. The study highlights the importance of strengthening collaboration with third-party recycling partners, expanding the recycling infrastructure, and raising public awareness through education campaigns. This research is significant in the context of the United Nations Sustainable Development Goals (SDGs), particularly SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action), as it emphasizes the need for sustainable e-waste management practices to mitigate environmental impact and contribute to long-term resource efficiency. The study concludes with recommendations for Telkomcel to enhance its sustainability efforts by improving infrastructure, increasing public education on e-waste recycling, and advocating for stronger government regulations. These efforts are expected to support sustainable development in Timor Leste while minimizing the environmental consequences of improper e-waste disposal.
Co-Authors Abdul Mukti Soma Adelia Nandira Maharani Adi Katon Pamungkas Adithya Yudha Agita Putra Pramana Agus Afrianingsih, Dwi Aisha Nur Izzati Aisha Nur Izzati Aldilla Iradianty Almira Iffa Fauzia Alvin Matheus Reinhard Marpaung Andini Pujasari Andre Rizal Sinaga Anggara Ramadhan Anggita Prameswari Anisah Firli Aprianto, Fadly Ayu Nur Rahmadhani Azizah, Reza Noor Bayu Aji Prasetyo Bella Salsabilla Cahyaningsih Cahyaningsih2 Damiao Maia, Graciano Andre Darussalam Darussalam Della Ferranti Della Ferranti, Della Dematria Pringgabayu Destyana, Devica Puteri Dian Novita Bukit Diva Rifayani Dwi Kurniawan, Dwi Dyah Ajeng Mulatsih Eko Sanjaya Nurhakim Erie Febrian Fachrizal, Fiqhi Fadly Aprianto Fajar Sidiq Adi Prabowo Fajra Octrina Fiqhi Fachrizal Firmansyah, Fandi Firrisa Tsamara Munica Fitri Amanda Zuchrinata Gadis Arimbi Puspita Graciano Andre Damiao Maia Graciano Andre Damiao Maia Gushendri, Adzra Helga Engrasia Gustyana, Tieka Tri Kartika Irani, Annisa Salsabila Dwitha Jamhari Jamhari Jeffry Frans Rinaldo Silaban Kevin Krisna Khoirunnisa Az-Zahra Kishi Alandra Maghfirah Izani Desta Maria Apsari Sugiat Marwa Dewi Ahdiyati Salim Mauli Permata Sari Meuthia Rahmawati Milleniasari, Poeti Annisa Muhammad Farhan Muhammad Farid Pratama Muhammad Iqbal Alamsyah Naurah Salsabila Naurah Salsabila Ramadhana Novemrian, Yandi Nuraulia, Naifah Nurwijayanti Palti Sitorus Piamalia, Novita Nur Piko Hamudin Priyambodo, Muhammad Ganang Puspita*, Gadis Arimbi Putri, Devina Dianra Putri, Salsabila Fadila Rahmawati, Meuthia Ratna Komala Putri Ratna Lindawati Lubis Ratna Lindawati Lubis Ray Burton Reza Noor Azizah Ria Ratna Ariawati Rina Indiastuti Rinaldi, Muhammad Adrian Daffa Nadino Rinaldo Silaban, Jeffry Frans Risanti, Sherly Nur Aulia Roderta Cahya Diputra Safitri Puji Lestari Sagung Desy Pratami, A.A Salma Salimah Salsabila Fadila Putri Sugiat, Maria TB Aria Maulana Ihsan Tiara Putri Nadiwa Trihandayani*, Deri Vanessa Eleanor Saaba Yusoff, Yusliza Mohd