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Impact of Internal Financial Factors on Firm Value in Indonesian Manufacturing Firms (2021–2023) MIRAYANI, Luh Putri Mas; YUESTI, Anik; MAHARANI, Anak Agung Ayu Trisna
Integration: Journal Of Social Sciences And Culture Vol. 3 No. 1 (2025): Integration: Journal Of Social Sciences And Culture (January – March 2025)
Publisher : PT. Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijssc.v3i1.265

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Purpose:Manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period will be the focus of this study, which seeks to investigate the effect of company value on profitability, debt policy, firm size, firm age, and dividend policy. Firm value is a key measure for investors in assessing company performance and long-term viability. This research is motivated by the volatility in stock prices among manufacturing firms, which raises concerns about the factors that drive firm valuation.Methodology:The study employs an explanatory research design and a quantitative technique. Firm value is measured using the Price to Book Value (PBV) ratio. The independent variables include profitability (ROA), debt policy (DER), firm size (SIZE), firm age (AGE), and dividend policy (DPR). The population consists of 165 manufacturing firms listed on IDX, and 54 firms were selected through purposive sampling, resulting in 162 observations. Using SPSS's multiple linear regression, we analyzed data extracted from yearly financial reports.  To make sure the model was valid, we ran the traditional assumption tests (for normalcy, multicollinearity, heteroscedasticity, and autocorrelation) before we tested our hypotheses.Findings:The findings indicate that profitability, debt policy, and business size exert a substantial and favorable impact on firm value.  Conversely, company age and dividend policy exhibit no substantial impact.  The modified R² value of 0.801 indicates that 80.1% of the variance in firm value is accounted for by the model.Implication:Managers are encouraged to improve profitability, manage debt prudently, and expand operational scale to enhance investor confidence and firm value. Future study may incorporate variables such as company governance and institutional ownership to yield more comprehensive findings.
PENGARUH LABA AKUNTANSI, INVESTMENT OPPORTUNITY SET, KEPEMILIKAN MANAJERIAL, LIKUIDITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA PERIODE 2021-2023 I Gusti Ary Suryawathy; Willian Christ Wijaya; Anik Yuesti
VALUES Vol. 6 No. 1 (2025): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Abstract

Penelitian ini bertujuan untuk menganalisis dampak laba akuntansi, set kesempatan investasi (IOS), kepemilikan manajerial, likuiditas, dan leverage terhadap kebijakan dividen pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021-2023. Sampel penelitian terdiri dari 39 perusahaan manufaktur dengan 117 observasi data, dipilih menggunakan teknik purposive sampling. Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa laba akuntansi, set kesempatan investasi (IOS), dan kepemilikan manajerial berpengaruh positif signifikan terhadap kebijakan dividen. Sebaliknya, likuiditas dan leverage berpengaruh negatif signifikan terhadap kebijakan dividen. Penelitian ini berkontribusi untuk memahami faktor-faktor yang memengaruhi keputusan pembagian dividen pada perusahaan manufaktur di BEI, dan menekankan pentingnya profitabilitas dan struktur kepemilikan dalam keputusan tersebut.
ATTITUDE OF PHYSICIANS TOWARDS MEDICAL FINANCIAL DECISION-MAKING: NAVIGATING THE INTERSECTION OF ECONOMICS AND HEALTHCARE Sorongon, Chris G.; Madrigal, Dennis V.; Yuesti, Anik
EMAS Vol. 6 No. 8 (2025): EMAS
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36733/emas.v6i8.12337

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This paper explores the role of financial physicians (medical professionals with expertise in financial management) in integrating economic principles into clinical practice. As healthcare systems globally face pressures to contain costs while improving patient outcomes, financial physicians are pivotal in shaping sustainable medical decision-making. A mixed-methods approach, combining surveys and interviews with financial physicians from various specialties, was used to evaluate their attitudes towards financial and clinical decision-making. The study examines themes such as the importance of cost-efficiency, the ethical implications of financial constraints in patient care, and the balance between clinical judgment and economic realities. Preliminary findings show that while financial physicians recognize the necessity of economic considerations for healthcare sustainability, they express concerns about potential conflicts with clinical integrity and patient-centered care. The study reveals a dichotomy: financial physicians support informed decision-making that includes cost considerations but emphasize protecting patient welfare from economic biases. Additionally, the study identifies barriers such as resistance from traditional medical paradigms and lack of interdisciplinary collaboration. Recommendations include enhancing health economics training for medical professionals and fostering collaboration between financial and clinical teams. Ultimately, this research highlights the crucial role of financial physicians in navigating the complexities of medical decision-making, aiming to optimize healthcare delivery and improve patient outcomes while ensuring system sustainability.
CULTURAL GUIDELINES FOR COMPANIES OPERATING INTERNATIONALLY: NAVIGATING GLOBAL MARKETS WITH SENSITIVITY AND RESPECT Sorongon, Chris G.; Yuesti, Anik
EMAS Vol. 6 No. 9 (2025): EMAS
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36733/emas.v6i9.12644

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As businesses increasingly expand into international markets, understanding and respecting cultural differences becomes imperative for success. This research examines the cultural guidelines that companies should adopt to navigate global markets effectively. The study reviews existing literature on cross-cultural management, presents empirical cases demonstrating the impact of cultural sensitivity on business performance, and outlines methods for mitigating cultural misunderstandings. It concludes with recommendations for companies, highlighting the importance of cultural competence in achieving sustainable global operations. The aim of this study is to delve into the significance of cross-cultural integration in international business management. In the context of globalization, cross-cultural integration has become a key factor for businesses to gain a competitive advantage in the international market. A profound understanding and effective utilization of cultural diversity enable businesses to better address challenges in the international market, enhance their competitiveness, and achieve sustainable development. This research will focus on the impact of cross-cultural integration on business strategies, team collaboration, market expansion, etc., aiming to provide management strategies and decision references for businesses and further advance the theory of international business management. Through in-depth research and empirical analysis, this study aims to offer a comprehensive and profound international management perspective, providing crucial guidance and support for businesses to stand resilient in global competition.
STRATEGIC IMPLEMENTATION OF GLOBAL MARKETING MANAGEMENT: A CRITICAL EXPLORATION OF OPPORTUNITIES AND CHALLENGES IN A BORDERLESS ECONOMY M. Villaronte, Christopher; Yuesti, Anik
JUIMA : JURNAL ILMU MANAJEMEN Vol. 15 No. 2 (2025): JUIMA : JURNAL ILMU MANAJEMEN
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar

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Abstract

In an increasingly interconnected global economy, the effective implementation of Global Marketing Management (GMM) has emerged as a critical success factor for organizations across industries and scales. This study adopts a qualitative, exploratory approach to examine the strategic complexities of GMM, drawing from secondary data, scholarly literature, and real-world case studies. Focusing on Jollibee Foods Corporation—a Philippine-based multinational brand—the research explores how hybrid marketing strategies that integrate global standardization with local responsiveness are applied in practice. Key challenges identified include cultural misalignment, operational fragmentation, and legal and regulatory constraints, while enablers of success encompass cultural intelligence, integrated marketing communications, and real-time data analytics. The findings reveal that GMM is a dynamic and non-linear process requiring continuous adaptation to cultural, technological, and geopolitical shifts. This study offers strategic insights and practical implications for scholars, marketing professionals, and global business leaders seeking to navigate the evolving demands of international markets.
THE MAJOR CAUSES OF CULTURAL DIFFERENCE AND CHANGE: A GLOBAL BUSINESS PERSPECTIVE WITH PHILIPPINE CONTEXT Villaronte, Christopher M.; Yuesti, Anik
EMAS Vol. 6 No. 10 (2025): EMAS
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36733/emas.v6i10.12739

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Culture represents the dynamic interplay of shared traditions, socio-economic structures, and adaptive transformations shaped by historical and global forces. This study examines the primary causes of cultural difference and change, focusing on the Philippine socio-cultural landscape within the broader context of global business environments. Anchored in theoretical frameworks and empirical evidence, the research identifies colonization, regional diversity, labor migration, digital technologies, and globalization as key drivers of cultural evolution. Through a qualitative content analysis of secondary sources and Philippine case studies, findings reveal that cultural transformation in the Philippines is characterized by a tension between cultural preservation and global adaptation. The study highlights cultural hybridity, the impact of diaspora communities, indigenous resistance, and digital disruptions as pivotal dimensions of this evolving identity, and explores how these transformations inform global business strategies such as localization, workforce development, CSR, and market entry.
The Model of Competitive Advantage for Increasing Business Performance in Small and Medium Industries of Woven Fabric (Endek) in Bali Province Adiputra, I Putu Pratama; Suardhika, I Nengah; Yuesti, Anik
International Journal of Applied Business and International Management Vol 8, No 1 (2023): April 2023
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijabim.v8i1.1858

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One of the Province of Bali's key creative economy sectors that places an emphasis on particular artistic and cultural inventiveness is the woven fabric (endek) sector. The business must make strategic attempts to survive, nonetheless, given the increasingly tough commercial competition and the limited resources available. With the mediating role of competitive advantage, this work intends to further research on the indirect effects of product innovation and market orientation on business performance. In 9 districts and cities throughout Bali Province, this study used a proportional sample technique. Partial Least Square analysis was used to process 78 questionnaires from SME owners of woven fabric (endek). Market orientation can be applied to achieve a competitive advantage, according to the analysis's findings, which can have a stronger impact on business success. The performance of businesses is also directly impacted by market orientation. According to other findings, product innovation has no real impact on how well a company performs. The improvement of business performance in SME woven fabric (endek) in Bali Province, however, can be determined by a product innovation that can produce a competitive advantage. Keywords: Market Orientation, Product Innovation, Competitive Advantage, Business Performance.
Kepatuhan Wajib Pajak Di Kantor Pelayanan Pajak Pratama Denpasar Barat Dengan Sanksi Pajak Sebagai Variabel Moderasi Yuesti, Anik; Prananta, Nyoman Gede Wimana; Bhegawati, Desak Ayu Sriary
Media Akuntansi Perpajakan Vol 7, No 1 (2022): Media Akuntansi Perpajakan
Publisher : Universitas 17 Agustus 1945 Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52447/map.v7i1.6126

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Tax is a mandatory contribution owed to the State by an individual or a coercive entity based on the law which does not receive direct compensation. Tax compliance is the most important thing for all countries, both developed and developing countries. This study aims to examine the effect of service quality, taxpayer awareness, tax socialization, and tax rates on taxpayer compliance at the West Denpasar Pratama Tax Office with tax sanctions as a moderating variable.The method of determining the sample in this study is the accidental sampling method and uses the Slovin formula to get the number of 100 people. The analytical tool used Moderated Regression Analysis.The results showed that service quality, taxpayer awareness, tax socialization, and tax rates had a positive effect on individual taxpayer compliance. Tax sanctions are able to moderate the effect of service quality, taxpayer awareness, tax socialization, and tax rates on individual taxpayer compliance.
Increasing Accounting Competency and Financial Reporting in Village Crediting Institution Primadona, Ida Ayu Lidya; Rustiarini, Ni Wayan; Putra, I Gede Cahyadi; Yuesti, Anik
Asian Journal of Community Services Vol. 3 No. 1 (2024): January 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ajcs.v3i1.7791

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Lembaga Perkreditan Desa (LPD) are microfinance institutions in Bali that are based on local wisdom. One form of good LPD governance is reporting LPD performance transparently and consistently to indigenous communities. Intense competition between financial institutions motivates LPD managers to improve performance and develop human resource competencies continually. This service program aims to increase the accounting and financial reporting knowledge of LPD employees. This service activity uses four methods: interviews, counseling, mentoring, and evaluation. The evaluation results show increased accounting knowledge and understanding of financial reports.
MARKETING HEALTHCARE BEYOND BORDERS: A GLOBAL PERSPECTIVE ON MEDICAL TOURISM Divinagracia, Sheryl S.; Yuesti, Anik
EMAS Vol. 6 No. 11 (2025): EMAS
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36733/emas.v6i11.13014

Abstract

The globalization of healthcare has led to the emergence of medical tourism as a rapidly expanding industry, with countless marketing themselves as medical destinations. This study explores the intersection of healthcare and global marketing, analyzing how nations promote their medical services to attract international patients. It examines key marketing strategies, target markets, branding efforts and the implications of global healthcare promotion. The paper highlights the opportunities, ethical considerations and competitive challenges involved in marketing healthcare across borders.
Co-Authors A. A. Ketut Sudiana Adiputra, I Putu Pratama Affi Nizar Suksmawati Agustina, Rini Alda Raharja Anastasia L Maukar Anastasia Lidya Maukar Anastasia Lidya Maukar Anggarini, Luh Putu Irma Ayu R. Rumanti, I Gusti Azhari Atul Aini Bella Chelsea Berliana Carmen Castro Menes Daniel Manek Desak Ayu Sriary Bhegawati Dewa Bagus Alit Adnyana Putra Divinagracia, Sheryl S. Dwi Cahyono Elta Sonalitha Emma Budi Sulistiarini Fahmi Poernamawatie Fedianty Augustinah Fitri Marisa Fitri Marisa Fitri Marisa Gregorious Paulus Tahu Gregorius Paulus Tahu Hetty Purnamasari Himawan I Gede Cahyadi Putra I Gusti Agung Arista Pradnyani I Gusti Ary Suryawathy I Gusti Ayu Agung Janur Ratna Sari I Gusti Ayu Diah Yuniti I Ketut Sumantra I Ketut Widnyana I Made Dwi Adnyana I Made Sudiartana, I Made I Nengah Suardhika I Nyoman Kusuma Adnyana Mahaputra I Putu Pratama Adiputra Istiadi Kadek Dego Nyampuh Wijaya Satria Sari Litafira Syahadiyanti Luh Putri Mas Mirayani Luh Putu Irma Anggarini M. P. Keraf, Fransiskus M. Villaronte, Christopher Madrigal, Dennis V. MAHARANI, Anak Agung Ayu Trisna Maxi Maroep MENES, Carmen C Mucalinda Rupasari Nengah Landra Nengah Sudja Ni Kadek Ani Widiani Ni Kadek Ayu Aprilia Ni Kadek Fiby Pransisca Ni Komang Prasiani Ni Luh Tu Arista NI MADE DWI RATNADI Ni Made Dwi Ratnadi Ni Made Ida Pratiwi Santi Ni Made Mia Yuwita Sari Ni Putu Ayu Mirah Mariati Ni Putu Candra Santi Lestari Ni Putu Shinta Dewi Ni Wayan Rustiarini Ni Wayan Sumiantari Nihayatus Sholichah Paulus Tahu, Gregorious Peter Gellu, Leonard Prananta, Nyoman Gede Wimana Primadona, Ida Ayu Lidya Puspitarini, Erri Wahyu PUTRA, I Putu Darma Putu Kepramareni Putu Noah Aletheia Adnyana Putu Novia Hapsari Ardianti Putu Risma Dewi Putu Sukanteri, Ni Rachmad Ary Ramadhan Rahmawati Erma Standsyah Ramadhan, Rachmad Ary Rambu Hunggu Hau Maritu Rangga Pahlevi Putra Ravino Rahman Rudy Joegijantoro, Rudy Seftin Fitri Ana Wati Sorongon, Chris G. Sulis Janu Hartati Susan Angelica Agustin Susilo, Yunus Syahroni Wahyu Iriananda, Syahroni Wahyu Titis Indah Widyawati V. Feka, Gonsianus Pakaenoni, Wolfhardus Veronika Nugraheni Sri Lestari Villaronte, Christopher M. Wahyu Saputra Willian Christ Wijaya WINDI SETIAWAN Wolfrit Matoneng, Ody Yenny Verawati Yudid Nuriantono Yunus Susilo Yura Karlinda Wiasa Putri