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PENGARUH DEBT TO EQUITY RATIO, NET PROFIT MARGIN, SALES GROWTH, DAN PROFITABILITY TERHADAP DIVIDEND PAYOUT RATIO Bagas Febryanto; Imronudin Imronudin
Journal of Economic, Bussines and Accounting (COSTING) Vol. 8 No. 3 (2025): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

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

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Debt to Equity Ratio (DER), Net Profit Margin (NPM), Sales Growth, dan Profitability (Return on Equity/ROE) terhadap Dividend Payout Ratio (DPR) pada perusahaan yang terdaftar dalam indeks IDX High Dividend 20 di Bursa Efek Indonesia selama periode 2018–2023. DPR merupakan indikator penting dalam kebijakan dividen yang dipertimbangkan oleh investor dan manajemen dalam pengambilan keputusan investasi. Data yang digunakan adalah data sekunder berupa laporan keuangan tahunan, dengan total sampel sebanyak 66 observasi yang diperoleh melalui metode purposive sampling. Teknik analisis yang digunakan adalah regresi data panel dengan pendekatan Fixed Effect Model (FEM) berdasarkan hasil uji Chow dan Hausman. Hasil penelitian menunjukkan bahwa DER dan ROE tidak berpengaruh signifikan terhadap DPR. NPM tidak berpengaruh signifikan pada tingkat signifikansi 5%, namun menunjukkan pengaruh negatif signifikan pada tingkat signifikansi 10%. Sementara itu, Sales Growth berpengaruh negatif signifikan terhadap DPR pada tingkat signifikansi 5%. Temuan ini menunjukkan bahwa perusahaan yang memiliki margin laba tinggi dan pertumbuhan penjualan yang tinggi cenderung menahan laba untuk kepentingan ekspansi atau investasi internal, sehingga pembagian dividen menjadi lebih rendah. Dengan demikian, kebijakan dividen perusahaan tidak hanya ditentukan oleh laba atau pertumbuhan, tetapi juga oleh strategi jangka panjang dan struktur pendanaan internal perusahaan.
Pengaruh Likuiditas, Leverage, Pertumbuhan Perusahaan dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Basic Material Periode 2021-2023 Arief Gunawan, Rizky; Imronudin, Imronudin
Journal of Accounting and Finance Management Vol. 6 No. 2 (2025): Journal of Accounting and Finance Management (May - June 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i2.1850

Abstract

Tujuan dalam penelitian ini adalah melakukan analisis pada pengaruh faktor dari likuiditas, leverage, pertumbuhan perusahaan, ukuran perusahaan, dan kebijakan dividen terhadap nilai perusahaan, serta bagaimana peranan kebijakan dividen sebagai faktor pemoderasi. Penelitian ini memiliki objek, yaitu perusahaan yang tercatat pada Bursa Efek Indonesia di sektor basic material. Kuantitatif kausal diterapkan pada penelitian ini sebagai metode penelitian. Purposive sampling diterapkan sebagai teknik pengambilan sampel. Berdasarkan kriteria pada purposive sampling yang ditetapkan peneliti, didapatkan jumlah sampel sebanyak 22 perusahaan dengan tiga periode pengamatan dari tahun 2021-2023 dengan total keseluruhan dari sampel sebanyak 66 data observasi. Temuan penelitian ini mengungkapkan bahwa faktor ukuran perusahaan dapat berpengaruh signifikan terhadap nilai perusahaan dengan arah negatif, sedangkan faktor kebijakan dividen dapat berpengaruh signifikan terhadap nilai perusahaan dengan arah positif. Akan tetapi, faktor likuiditas, leverage, dan pertumbuhan perusahaan tidak menunjukan adanya pengaruh yang cukup signifikan terhadap nilai perusahaan. Setelah dimasukan kebijakan dividen sebagai faktor pemoderasi, penelitian ini mengungkapkan bahwa faktor dari kebijakan dividen mampu dalam berperan sebagai faktor pemoderasi pada pengaruh likuiditas, leverage, dan pertumbuhan perusahaan terhadap nilai perusahaan. Akan tetapi, faktor dari kebijakan dividen tidak cukup mampu dalam berperan sebagai faktor pemoderasi pengaruh ukuran perusahaan terhadap nilai perusahaan.
Advancing Hospital Service Quality and Operational Effectiveness through Evidence-Based Analgesic Protocols: JEL Classification: I11, I12, I18, L15, M11, D24 Hermawan, Andi; Romadhon, Yusuf Alam; Imronudin, Imronudin
Journal La Bisecoman Vol. 6 No. 2 (2025): Journal La Bisecoman
Publisher : Newinera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/journallabisecoman.v6i2.2173

Abstract

The study is aimed at comparing the clinical and institutional outcomes of using two postoperative analgesics regimens, Epidural Levobupivacaine and Syringe Pump Fentanyl, and how these drugs interfere with analgesia control and resource consumptions, patient satisfactory, and system performance. A comparative observational research design was used which covered 60 patients of Total Knee Replacement (TKR) who were in a tertiary orthopedic center. The participants were at random allocated to an Epidural Levobupivacaine or Fentanyl protocol. The collected data included pain scores, adverse events, the readiness of the patient to leave, and satisfaction questionnaires and efficiencies of hospitals in terms of data. The data were analyzed using descriptive and comparative approaches. The Epidural group of patients recorded less pain scores, fewer adverse effects, earlier mobilization and shorter length of stay. The scores of the satisfaction on pain control, comfort and responsiveness were significantly more in the Epidural group. The mode of operation also demonstrated better nursing efficiency and discharge planning, and risk indicators were reduced, e.g. escalation to high-dependency care, with the use of the epidural protocol. Epidural Levobupivacaine represents an effective operational and clinical performance that demonstrates that it can be used as a strategical standar in elective orthopedis care based on systemic opioids. In addition to the analgesic effectiveness, the protocol improves institutional efficiency, minimizes the clinical risk, intensifies patient experience and fits the contemporary performance-based healthcare provision. Pain management must therefore be redefined as an impact component that has a cross-functional component of hospital service design.
Intensifikasi Kompetensi Literasi dengan Metode Montessori pada Siswa Kelas Rendah Madrasah Ibtidaiyyah Imronudin, Imronudin; Astira, Ucu
BASICA Vol. 3 No. 2 (2023)
Publisher : Program Studi Pendidikan Guru Madrasah Ibtidaiyah INSURI Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/basica.v3i2.4258

Abstract

Kajian ini membahas upaya megintensifikasi atau meningkatkan kompentensi literasi dengan metode Montessori pada siswa Madrasah Ibtidāiyyah (MI) di kelas rendah. Literasi bukan hanya sekedar membaca, menulis, dan berhitung. Literasi lebih dari itu, yaitu tentang kecakapan berfikir, mengidentifikasi, dan memanifestasikan apa yang telah dinalar dari teks dan sesuai konteks. Digunakan Montessori selain metode ini telah teruji lama, Montessori terfokus pada usia sensitif anak yang menurut kajian neurologi adalah masa keemasan anak yang tidak dapat diulang kembali dan harus dimanfaatkan. Metode ini juga mengusung konsep menyenangkan (friendly concept), humanis, dan menyediakan lingkungan yang sesuai dengan selera anak agar anak fokus pada potensinya. Penelitian ini menggunakan metode kualitatif berbentuk naratif-deskriptif dan berjenis library research. Hasil dari penelitian ini adalah urgensitas periode sensitif pada anak karena di masa ini anak berkembang secara fisik, kognitif, sosial-emosional, dan literasi. Maka, komponen Montessori sebagai strategi, dideskripsiakn dan dioptimalisasi sehingga tercipta generasi literat, yaitu anak dengan kecakapan berfikir dan kemampuan menarik makna dari teks serta menguasai konteks.
Analisis Pengaruh Profitabilitas, Likuiditas dan Ukuran Perusahaan Terhadap Nilai Perusahaan Sub Sektor Pariwisata Tahun 2020-2024 Wijayadi, Pandu; Imronudin, Imronudin
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 3 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i4.8888

Abstract

This study aims to analyze the influence of profitability, liquidity, and company size on firm value in tourism sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The background of this study is based on the importance of firm value as a key indicator in attracting investor interest and reflecting a company's performance and future prospects. This study uses a quantitative approach with panel data regression analysis and the selection of the Random Effects Model (REM). The sample used was 18 companies, with a total of 90 observational data obtained from annual financial reports. The results show that profitability has a negative but insignificant effect on firm value. Liquidity has a positive but also insignificant effect on firm value. Meanwhile, firm size has a negative and significant effect on firm value. These findings imply that large company size does not always reflect high value, especially in the context of the post-pandemic tourism industry. This study is expected to serve as a reference for financial managers and investors in evaluating factors influencing firm value in the tourism sector.
Efficiency of Zakat Collection and Distribution by the National Zakat Agency (Baznas) in Regencies/Cities in Indonesia Isti Khoirul Rochmah; Muhammad Sholahuddin; Imronudin Imronudin
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 3 (2025): : All articles in this issue include authors from 3 countries of origin (Indone
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i3.7757

Abstract

This study aims to analyze the efficiency of zakat collection and distribution by the National Zakat Agency (Baznas) in districts/cities in Indonesia. This study uses a descriptive quantitative approach. The population in this study is all companies listed on the Indonesia Stock Exchange in 2019-2021. The sampling technique used in this study is non-probability sampling, specifically purposive sampling. The data sources for this study are audited financial reports issued by each National Zakat Management Agency (BAZNAS) in districts/cities on the Digital Zakat Information System or the official Digital Service Interface of BAZNAS RI. The data collection method used in this study was documentary research (literature review). The data analysis method used in this study was Data Envelopment Analysis (DEA), a non-parametric technique used to assess the technical efficiency of decision-making units (DMUs). The results of this study indicate that technical efficiency in zakat management does not solely depend on the size of input allocation but is more determined by managerial effectiveness in managing inputs to produce optimal outputs. The combined approach of DEA and FDH has proven capable of providing a more comprehensive understanding of the institutional performance of BAZNAS. Therefore, this study supports the importance of developing a data-based evaluation system and structured institutional development strategies focused on long-term efficiency, particularly in zakat management as a public trust and an instrument of social justice at the local level
The Effect of Financial Performance on Stock Price Changes in Financial Sector Companies Listed on the Indonesia Stock Exchange Dwiyanti, Heni; Imronudin, Imronudin
JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Vol 8 No 3 (2024): December
Publisher : Program Studi Akuntansi Universitas Langlangbuana Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/jasa.v8i3.2716

Abstract

Stock price fluctuations reflect market reactions to various factors, including company financial performance, economic conditions and investor sentiment. Understanding these factors is important for making better investment decisions. This study seeks to analyze the effect of financial performance on fluctuations in stock prices. Financial performance is assessed by the Debt-to-Equity Ratio (DER), Dividends Per Share (DPS), Earnings Per Share (EPS), and Dividend Payout Ratio (DPR). This study's population consists of financial sector enterprises listed on the Indonesia Stock Exchange (IDX) in 2023. A sample of 31 companies was obtained by purposive sampling. The data analysis employed multiple linear regression, the coefficient of determination, F-test, T-test, as well as classical assumption tests, all done using Eviews14 software. The data analysis results indicate that DER exerts a negative and minor influence on stock price fluctuations, but EPS, DPS, and DPR demonstrate a positive, also a substantial impact on stock price variations.
Corporate Governance in Detecting Lack of Financial Report Syamsudin, Syamsudin; Imronudin, Imronudin; Utomo, Sasongko Tri; Praswati, Aflit Nuryulia
JDM (Jurnal Dinamika Manajemen) Vol 8, No 2 (2017): September 2017
Publisher : Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v8i2.12757

Abstract

Fraudulent financial statements begins with the act of manipulating the financial statements for personal gain. Efforts to fulfill obligations on the rights of stakeholders make corporate governance play an important role in minimizing the occurrence of fraudulent financial statements. This study aims to investigate the phenomenon of corporate governance in detecting fraud or irregularities in the preparation of financial statements. Fraud detection is measured by the Beneish model.. The sample used in this research is 694 with manufacturing company period 2011-2015. Sampling technique with purposive sampling method. To test the Hypothesis used logistic regression analysis with moderation model. The results obtained are foreign ownership, domestic ownership and public ownership significant negative effect on fraud financial statement. While firm size has a significant positive effect fraud financial statement. Firm size as a moderating variable further strengthens the relationship between foreign ownership, domestic ownership and public ownership of fraud financial statements.
Pengaruh Pemasaran Kewirausahaan Dan Pengembangan Usaha Tentang Keberlanjutan Bisnis UMKM di Boyolali Yusuf Widayanto, Agasi; Imronudin, Imronudin
Innovative: Journal Of Social Science Research Vol. 3 No. 5 (2023): Innovative: Journal of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

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

Abstract

Penelitian ini dilakukan bertujuan untuk menganalisis pengaruh pemasaran kewirausahaan dan pengembangan usaha tentang keberlanjutan bisnis UMKM Di Boyolali. Jenis penelitian ini menggunakan penelitian kuantitatif. Teknik sampel yang digunakan dalam penelitian ini adalah rumus dari Hair karena jumlah populasi belum diketahui dengan pasti. Dari hasil perhitungan, maka jumlah minimal sampel yang dibutuhkan yaitu sebanyak 100 responden yang merupakan UMKM Boyolali. Data yang digunakan dalam penelitian ini adalah data primer. Sumber data primer didapat dari kuesioner. Tehnik analisis data yang digunakan dalam penelitian ini adalah SEM PLS dengan menggunakan alat bantu Smart PLS. Hasil penelitian ini ialah keberlanjutan bisnis pada UMKM di Boyolali dapat dijelaskan oleh pemasaran kewirausahaan dan pengembangan usaha. Seluruh hipotesis didukung secara positif dan signifikan, hal ini juga mendukung goodness of fit model. Untuk besarnya pengaruh hipotesis paling kuat dipengaruhi oleh pengembangan usaha terhadap keberlanjutan bisnis karena mempunyai nilai original sampel terbesar dengan nilai original sampel sebesar 0,237
The Influence of Service Quality and Trust on Repurchase Interest in Beauty Clinic Services Yusria, Lana; Imronudin, Imronudin; Kuswati, Rini
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 2 (2024): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i2.5055

Abstract

In the context of beauty clinic services in Surakarta's cosmetics industry, this study examines how service quality and brand image influence consumers' repurchase intentions, and how trust mediates this relationship. This study used a causal quantitative research methodology to investigate the connections between service quality, brand image, customer trust, customer satisfaction, and repurchase intention. The sample consists of 160 participants from Ella Beauty Clinic. Key variables are operationalized in this study, and data analysis is done using SmartPLS SEM (Partial Least Squares Structural Equation Modeling). The findings indicate that customer happiness does not have a direct impact on repurchase intentions, while customer trust has a considerable and favorable effect on repurchase intentions. Service quality has a beneficial effect on both customer happiness and trust, but it does not have a direct impact on repurchase intentions. On the other hand, the perception of a brand greatly impacts the level of satisfaction, trust, and likelihood of making future purchases. Furthermore, the trust serves as an intermediary between the quality of service and the perception of the brand, influencing the likelihood of repeat purchases. In contrast, customer satisfaction does not mediate these effects. This study enhances the comprehension of customer behavior in the cosmetics sector by providing practical insights for improving service quality and establishing consumer trust, which in turn promotes loyalty and repeat purchases. The results highlight the significance of brand image in influencing how consumers perceive and intend to engage with beauty clinics.
Co-Authors Achyarnis, Achyarnis Aflit Nuryulia Praswati Agha De Aghna Setya Budi Alean Kistiani Hegy Suryana Aliyah Ardiwati Puspita andi hermawan Anggraini, Puput Diah Ardhaneswari, Rena Arief Gunawan, Rizky Astina Putri Astira, Ucu Aulia Uzzulfa Ayu T P, Delonika Diah Bagas Febryanto Berliana Widyaningrum Budi, Agha De Aghna Setya Burhannudin Ichsan C Chuzaimah Cahyani, Bintang Defri Devi Setiyani Devira Mezza Herawati Diana Krismunita Diva Ardelia Putri Diva Kanisa, Ireniza Dwi Budi Santoso Dwiyanti, Heni Elin Nur Kuatin Em Sutrisna Ema Muawanah Eva Maulani Fajar Juni Widyanto Famela Apriningtyas Fatchiatuzzahro, Fatchiatuzzahro Finnia Fauzia Fathia Fitriana, Hindun Harwanto, Salsabila Fadhilah Farah Henry Dwi Wahyudi Hindun Fitriana Ihwan Susila Ircham Suwarsang Putra Isti Khoirul Rochmah Jati Waskito Javed Ghulam Hussain Kartika Chandra Puspita Kussudyarsana Lestari, Niya Langgeng Liana Mangifera M. Farid Wajdi M. Sholahuddin Mahfud Nugroho Ma’rifah Ma’rifah Melia Kusuma Moechammad Nasir Moefida, Noeroel Mubarok, Andi Husni Muhammad Farhan Musyaffa’ Muhammad Haryo Jatmiko Muhammad Sholahuddin Muhammad Yusuf Abdhul Fatah Muizza Fattah Mughni Muzakar Isa Nada Evada Nani Irma Susanti Niken Wulandari Nirbita Albertina Nizlia Nizlia Pandu Wijayadi Pegi Pradana Pratama, Mohammad Aldhi Putri, Astina Putri, Diva Ardelia Rabbani, Muhammad Yusuf Rafi Rahmadanti, Adinda Meissy Ratnaningrum, Anna Rena Ardhaneswari Revania Kurniawati Reyyaldi Aprilsa Pratama Rikhi Adriana Rini Kuswati RIZA MUHAMMAD Riza, Riza Muhammad Sabiila Indra Prameswari Sajiwo Tri Prakoso Salsabila, Hasna Sasongko Tri Utomo Soepatini Sugiyanto Sugiyanto Syamsudin Syamsudin Syamsudin Syamsudin Tsalista Kindah Salama Utomo, Sasongko Tri Utomo, Sasongko Tri Vita Ardiyantiningsih Widyawati, Lia Ratna Wijayadi Winda Linansya Wisnu Aji, Arfa Nurrexa Wiyadi Wiyadi Yulfan Arif Nurohman Yulfan Arif Nurohman Yusria, Lana Yusuf Alam Romadhon Yusuf Widayanto, Agasi