Claim Missing Document
Check
Articles

Found 2 Documents
Search

Role of Debt To Equity Ratio Mediating Effect Return On Assets and Current Ratio Against Firm Value Sutriono Sutriono; Eka Nurmala Sari; Muis Fauzi Rambe
International Journal of Business Economics (IJBE) Vol 3, No 1 (2021): SEPTEMBER - FEBRUARY
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v3i1.7519

Abstract

The food and beverage sector in manufacturing companies has an important role for the Indonesian economy. This study aims to determine, test and analyze the Debt to Equity Ratio mediating the effect of Return On Assets and Current Ratio on Price to Book Value in Food and Beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. In this study using an associative approach. The sampling technique used is purposive sampling with a sample of 10 food and beverage sub-sector companies listed on the Indonesia Stock Exchange. The data collection technique is documentation technique, in the form of secondary data by taking data from the Indonesian Stock Exchange website. The data analysis technique used is descriptive statistical test, and SEM (Structural Equation Modeling) analysis by testing the outer model analysis, inner model analysis, and mediating effect analysis. The results showed that Return On Assets had an effect on the Debt to Equity Ratio. Current Ratio affects the Debt to Equity Ratio. Return On Assets has an effect on Price to Book Value. Current Ratio has no effect on Price to Book Value. Debt to Equity Ratio has an effect on Price to Book Value. Debt to Equity Ratio can mediate the effect of Return On Assets on Price to Book Value. And the Debt to Equity Ratio can mediate the influence of the Current Ratio on Price to Book Value.
FILSAFAT ILMU DALAM PENGEMBANGAN INOVASI UMKM BERBASIS DIGITAL Sutriono Sutriono; Muhammad Irsyad; Elisabet Tambunan; Siti Mujiatun
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 1 (2026): February 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i1.5724

Abstract

Abstract: Digital transformation has become a major force shaping the dynamics of the global economy, including Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Amid technological disruption and changing consumer behavior, the ability of MSMEs to innovate is a key factor in maintaining business sustainability. However, innovation efforts are often oriented solely toward technical and economic aspects, without considering the underlying philosophical dimensions and scientific values. Therefore, this study examines the role of the philosophy of science in the development of digital-based MSME innovation, emphasizing the three main pillars of the philosophy of science epistemology, ontology, and axiology as a conceptual framework. Methodologically, this study employs a qualitative approach based on a literature review by examining books, scientific journals, and previous research findings published over the past ten years. The results indicate that the philosophy of science plays a central role in shaping a scientific, reflective, and ethical mindset among MSME actors. The epistemological dimension helps MSMEs understand innovation as a systematic scientific knowledge process; the ontological dimension guides business actors to interpret innovation as a form of existence and social value in the digital era; while the axiological dimension emphasizes the importance of ethics, social responsibility, and sustainability in the application of technology. These three dimensions are integrated in creating innovation that is not only economically efficient but also meaningful from a humanitarian perspective. This study concludes that the development of digital-based MSME innovation in Indonesia needs to be grounded in the philosophy of science to achieve a balance between technological progress and moral values. This approach can foster the creation of a sustainable, inclusive, and socially just digital business ecosystem. Thus, the philosophy of science is not merely an abstract academic discipline, but also a practical foundation for building ethical, knowledge-based, and highly competitive MSME innovation. Keywords: Philosophy of Science, Epistemology, Ontology, Axiology, Digital Innovation, MSMEs Abstrak: Transformasi digital telah menjadi kekuatan utama dalam membentuk dinamika perekonomian global, termasuk bagi Usaha Mikro, Kecil, dan Menengah (UMKM) di Indonesia. Di tengah disrupsi teknologi dan perubahan perilaku konsumen, kemampuan UMKM untuk berinovasi menjadi kunci utama dalam menjaga keberlanjutan bisnis. Namun, inovasi yang dilakukan sering kali hanya berorientasi pada aspek teknis dan ekonomi, tanpa mempertimbangkan dimensi filosofis dan nilai-nilai ilmiah yang mendasarinya. Oleh karena itu, penelitian ini mengkaji peran filsafat ilmu dalam pengembangan inovasi UMKM berbasis digital, dengan menekankan tiga pilar utama filsafat ilmu epistemologi, ontologi, dan aksiologi sebagai kerangka konseptual.Secara metodologis, kajian ini menggunakan pendekatan kualitatif berbasis studi literatur dengan meninjau buku, jurnal ilmiah, dan hasil penelitian terdahulu dalam kurun waktu sepuluh tahun terakhir. Hasil kajian menunjukkan bahwa filsafat ilmu memiliki peran sentral dalam membentuk pola pikir ilmiah, reflektif, dan etis pada pelaku UMKM. Dimensi epistemologi membantu UMKM memahami inovasi sebagai proses pengetahuan ilmiah yang sistematis; ontologi menuntun pelaku usaha untuk memaknai inovasi sebagai wujud eksistensi dan nilai sosial dalam era digital; sedangkan aksiologi menekankan pentingnya etika, tanggung jawab sosial, dan keberlanjutan dalam penerapan teknologi. Ketiga dimensi ini saling terintegrasi dalam menciptakan inovasi yang tidak hanya efisien secara ekonomi, tetapi juga bermakna secara kemanusiaan. Kajian ini menyimpulkan bahwa pengembangan inovasi UMKM berbasis digital di Indonesia perlu berlandaskan pada filsafat ilmu agar tercipta keseimbangan antara kemajuan teknologi dan nilai moral. Pendekatan ini mampu mendorong terciptanya ekosistem bisnis digital yang berkelanjutan, inklusif, dan berkeadilan sosial. Dengan demikian, filsafat ilmu tidak hanya menjadi disiplin akademik abstrak, melainkan juga fondasi praktis dalam membangun inovasi UMKM yang beretika, berpengetahuan, dan berdaya saing tinggi. Kata kunci: Filsafat Ilmu, Epistemologi, Ontologi, Aksiologi, Inovasi Digital, UMKM