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Entrepreneurial finance: financing antecedents and SMEs performance Rita, Maria Rio; Wahyudi, Sugeng
Journal of Economics, Business, and Accountancy Ventura Vol. 21 No. 3 (2018): December 2018 - March 2019
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v21i3.1497

Abstract

Various previous research has been conducted on the relationship between a cognitive bias and financing decisions by entrepreneurs. Besides that, it still needs to be examined whether a cognitive bias is related with SMEs performance through company finances. The purpose of this research is to test financing antecedents and SMEs performance. One kind of a creative industry, batik SMEs that are located in Pekalongan, Central Java, Indonesia, are the object of this research. There were 190 respondents chosen from batik entrepreneurs. The holistic testing of this empirical model used structural equation modelling (SEM) with an AMOS program. The research results found that an entrepreneur’s cognitive bias has a significant positive bias towards financing. Meanwhile, entrepreneurial orientation and financing also are proven to have a significant positive influence towards SMEs performance. No entrepreneurial orientation influence was discovered towards SMEs performance. Furthermore, the output analysis revealed there is an indication of a strong relationship between a cognitive bias and entrepreneurial orientation. Therefore, this model can be revised, developed, and retested by considering the agenda of this research to enrich insights in the entrepreneurial finance sphere.
Pengaruh Profitability dan Corporate Governance Terhadap Nilai Perusahaan dengan Corporate Social Responsibility Sebagai Variabel Mediasi Perpektif Ekonomi Islam (Studi Pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2019-2021) Tiffani, Irzha Maulya; Wahyudi, Sugeng
Jurnal Ilmiah Ekonomi Islam Vol. 10 No. 2 (2024): JIEI : Vol.10, No.2, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i2.11693

Abstract

Tujuan dari penelitian ini adalah untuk menganalisis pengaruh profitabilitas dan tata kelola perusahaan terhadap nilai perusahaan dan untuk menguji peran efek mediasi dari tanggung jawab sosial perusahaan (CSR). Data terkait variabel penelitian dikumpulkan dari laporan tahunan pada website perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dan Bloomberg. Pengujian hipotesis dilakukan dengan menggunakan Smart PLS. Selama periode 2019-2021 menemukan bahwa profitabilitas berpengaruh terhadap nilai perusahaan, tata kelola perusahaan berpengaruh signifikan terhadap nilai perusahaan dan tanggung jawab sosial perusahaan berpengaruh signifikan terhadap nilai perusahaan. Namun profitabilitas dan tata kelola perusahaan berpengaruh terhadap tanggung jawab sosial perusahaan. Selain itu, CSR juga berperan memediasi pengaruh profitabilitas terhadap nilai perusahaan dan tata kelola perusahaan terhadap nilai perusahaan.
PPN Jasa Aplikasi Pada Ojek Online (Ojol) Wijaya, Suparna; Wahyudi, Sugeng
Jurnal Nusantara Aplikasi Manajemen Bisnis Vol 6 No 2 (2021): Jurnal Nusantara Aplikasi Manajemen Bisnis
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/nusamba.v6i2.15881

Abstract

The development of technology makes online motorcycle taxis have users and partners that are increasing rapidly every year. However, this also brings problems related to the taxation aspect, namely in determining the business model and the very large number of realtime transactions. The purpose of this study was to determine the treatment of value added tax in an application company and the applicable tax provisions. The method used is descriptive qualitative using literature studies and interviews. The results obtained information that value added tax is imposed on drivers / partners as users of application services provided by online motorcycle taxi operators. The transaction submission of applications carried out by online motorcycle taxi operators does not fulfill the elements of being a retail entrepreneur because there is already a contract between the two parties. So that based on taxation provisions, online motorcycle taxi operators should make a tax invoice for each of these submissions, regardless of whether the application user has an NPWP or not.
Investor Behavior In Green Investment Information Puspitasari, Intan; Wahyudi, Sugeng; Pangestuti, Irene Rini Demi
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2020.2.1.5497

Abstract

AbstractPurpose - This study aims to analyze the behavior of investors towards voluntary disclosure in the form of green investment information.Method - This research is using qualitative descriptive method, the data will be taken and collected from several literatures and literature studies.Result - The result of this research indicates that there are investors’ behaviors in voluntary disclosure of green investment information.The first, green investor refers to the investors rejecting to the stocks that do not receive green investment, investor will react positively if a disclosure of green investment information stands.The second, the investors react negatively by giving pessimistic respond towards green investment, investors who do not have choice of shares from other companies.Implication - This study uses the data from study of literature.Originality - This research develops several old and new theories related to green investment and it is applied using certain different types of companies as the objects.
Pemberdayaan Ekonomi Lokal Melalui Sosialisasi Teknik Budidaya Dan Pembesaran Ikan Nila Salin Yang Efisien Arif Fatoni, Hamdan; Adit Prasetyo, Faisal; Hidayatullah, Rohmad; Wahyudi, Sugeng; Ali Mahmudi, Muhammad; Jazilah, Uyunul
Literasi Jurnal Pengabdian Masyarakat dan Inovasi Vol 6 No 1 (2026)
Publisher : Pengelola Jurnal Politeknik Negeri Ketapang Jl. Rangga Sentap, Dalong Sukaharja, Ketapang 78813. Telp. (0534) 3030686 Kalimantan Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58466/h55c8a63

Abstract

The KP2M program in Penanjan Village, Paciran Subdistrict, Lamongan, focused on community empowerment through brackish water tilapia (nila salin) cultivation. This commodity was chosen for its high economic value, adaptability to brackish water, and as a solution to limited land and freshwater resources. The main problems faced by the community were limited technical knowledge and inefficient pond utilization. Activities included socialization, training, and hands-on practice in seed selection, feed management, water quality, and pest control. As a result, community knowledge and skills improved, along with awareness of tilapia as a sustainable business. Despite water fluctuation challenges, continuous mentoring is expected to increase income and community independence.
Capital Efficiency Based on Payment Capability (CEPac) as a Mediator Between Asset Structure, Sales Growth, and Firm Value: Evidence from Indonesian Manufacturing Firms Rahman, Faisal Riza; Widowati, Maduretno; Wahyudi, Sugeng
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.32114

Abstract

This study introduces and empirically validates CEPac as a mediating construct linking asset structure and sales growth to firm value. Grounded in Trade-Off Theory, Resource-Based View, and Signaling Theory, CEPac integrates the inverse of the Weighted Average Cost of Capital (1/WACC) and Times Interest Earned (TIE) to capture financing efficiency and debt-servicing capacity. Using panel data from 75 manufacturing firms listed on the Indonesia Stock Exchange (2019–2023), seven hypotheses were tested through fixed-effects regression and Sobel mediation analysis in STATA. The results show that asset structure and sales growth significantly increase firm value, both directly and through CEPac (p<0.01), with mediation effects accounting for 18%–32% of the total influence. The model demonstrates strong explanatory power. Overall, the findings provide actionable insights for managers seeking to optimize capital allocation and operational growth, and position CEPac as a reliable financial assessment tool for capital-intensive industries.
"Quiet Quitting" Guru Madrasah: Krisis Motivasi dan Manajemen Kesejahteraan Mental di Bawah Bayang-Bayang Pengabdian Wahyudi, Sugeng
Quantum Edukatif: Jurnal Pendidikan Multidisiplin Vol. 3 No. 1 (2026): Quantum Edukatif
Publisher : Madiha Press

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

Abstract

Penelitian ini bertujuan untuk menganalisis fenomena quiet quitting di kalangan pendidik madrasah melalui lensa krisis motivasi dan manajemen kesejahteraan mental. Menggunakan pendekatan Systematic Literature Review (SLR) berdasarkan pedoman PRISMA, studi ini mensintesis 10 literatur teratas dari pangkalan data Google Scholar yang diterbitkan antara tahun 2019 hingga 2026. Hasil analisis tematik menunjukkan bahwa quiet quitting, yakni bekerja sebatas kewajiban minimum formal, bukanlah cerminan kemalasan, melainkan mekanisme pertahanan psikologis yang rasional dari para guru terhadap beban kerja administratif yang eksesif dan kompensasi finansial yang jauh dari kata layak. Dalam konteks madrasah, krisis ini diperparah oleh adanya "eksploitasi simbolik", di mana etos spiritual "ikhlas beramal" kerap digunakan oleh institusi untuk menormalisasi ketidakadilan kesejahteraan. Kegagalan menyeimbangkan ekspektasi spiritual dan hak material ini memicu burnout yang berujung pada penarikan diri guru, sehingga secara langsung mengancam kualitas pembelajaran. Penelitian ini menyimpulkan adanya urgensi pergeseran paradigma Manajemen Sumber Daya Manusia (SDM) pendidikan ke arah tata kelola yang berpusat pada kesejahteraan (well-being), yang mencakup rasionalisasi beban administratif dan pemenuhan kompensasi yang berkeadilan.
Co-Authors Abdulhamid Ali Abukil Adhi Widyakto Adit Prasetyo, Faisal Agusta, Anthony Ahyar Yuniawan Ali Djamhuri Ali Mahmudi, Muhammad Arif Fatoni, Hamdan Astuti, Fitria Yuni Aufa, Alhiqni Raya Catur Surya Perwira Dewi, Dina Rizkia Dinata, Benny Martha Dolly Parlagutan Pulungan Dwijaya, Putra Agung Effendi, Bashid Elly Kristiani Purwendah Erowati, Eti Mul Eva Wulandari Faisal Riza Rahman Frans Elkana S Depari, Frans Elkana Frendy Akhmad Taufan, Frendy Akhmad Ganang Radityo Primady, Ganang Radityo Goklas, Fernando Harjum Muharam Hersugondo Hetami, Muhammad Nighwan Hidayatullah, Rohmad Idris Idris Imam Subekti Indi Djastuti Intan Puspitasari Intan Puspitasari Irene Rini Demi Pangestuti Jazilah, Uyunul Kirana, Maria Nindya Laras Sitoayu M. Budi Widiyo Iryanto Maduretno Widowati Maria Rio Rita Misbach Fuady, Misbach Mohammad Sigit Taruna Muhamad Syaichu Muhammad Nuskan Abdi Nafisah, Fina Raudlotun NIHAYATI, AINI Nisa, Marsya Ainun Nofendi, Deki Nugraha, Arindra Adhi Nugrahaning P, Sarwendah Nurin Widyastuti Sofyani, Nurin Widyastuti NURSATYANI, ANISA Oktavia, Vicky Pandjaitan, Fransiska Lucyana Puji Astuti, Aisyah Intan Riskin Hidayat Robiyanto Santoso, Stevan Adri Satriya, Brian Yuanta Setiyawati, Lia Setyorini, Noni Shalsadilla, Shavira Shibghatalloh, Ahmad Hafiyyan Sinudarsono, Kevin Suharnomo Suharnomo Suherlan, Arda Lintang Marthanda Sukrisno, Heru Thesman, Meilin Tiffani, Irzha Maulya Wardani, Heni Setia Waridin Waridin Wijaya, Chandra Purnama Winari, Ashi Aretha Wisnu Mawardi Woen Cliff Wibowo Yunaidi, Eri