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All Journal Jurnal Mantik Enrichment : Journal of Management Public Policy : Jurnal Aplikasi Kebijakan Publik dan Bisnis International Journal of Social Learning (IJSL) Jurnal Ekonomi International Journal of Applied Finance and Business Studies Society: Jurnal Pengabdian Masyarakat Indonesian Journal of Educational Development (IJED) Journal of Practical Management Studies Jurnal Bisnis Dan Manajemen: Bisman ARTOKULO: Journal of Accounting, Economic and Management Science Get Journal Diakoneo: Jurnal Pengabdian kepada Masyarakat
Marianus Hendrilensio Sanga
Politeknik Negeri Kupang, Indonesia
Arts Humanities Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Physics Social Sciences Other

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The impact of ESG disclosure and green mining on firm value: evidence from Indonesia Budi Suharto, Raden Setya; Sanga, Marianus Hendrilensio; Situmorang, Resvina; Handa, Resky Pramudita
Jurnal Mantik Vol. 8 No. 4 (2025): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

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Abstract

This study examines the impact of Environmental, Social, and Governance (ESG) disclosures and the adoption of green mining practices on the value of mining companies in Indonesia. Using a quantitative research method, we analyze panel data from 20 mining companies listed on the Indonesia Stock Exchange (IDX) over the period from 2020 to 2022. The study estimates the relationships between ESG, green mining, and firm value through panel data regression, applying a fixed effects approach. The results show that neither ESG disclosures nor green mining significantly affects firm value, as measured by Tobin's Q. In contrast, firm size negatively impacts value, while ROA has a positive influence. These findings suggest that investors tend to prioritize traditional financial indicators over sustainability factors when evaluating mining companies. The theoretical implications of this study highlight that, although ESG and green mining are conceptually important, their current levels of implementation are insufficient to meaningfully affect market valuations. Practically, mining companies need to improve the transparency and effectiveness of their ESG reporting and strengthen their sustainability strategies to create additional value for investors and other stakeholders
Analysis of working capital management in food and beverage sub-sector companies during the covid-19 period: A financial performance perspective of ROA Muni, Wilhelmina; Sanga, Marianus Hendrilensio; Seran, Patrisius; Takena, Rizka Angela
Jurnal Mantik Vol. 8 No. 4 (2025): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v8i4.6131

Abstract

The food and beverage sub-sector is an integral part of the global economy and has a significant impact on economic growth. However, the COVID-19 pandemic has brought unprecedented challenges to this industry. It was recorded that in 2020, the Net Profit Margin of the food and beveerage sub-sector experienced a significant decline compared to the Net Profit Margin of other manufacturing sub-sectors. In this study, profitability is measured using Return on Assets (ROA). ROA is a ratio that shows the return on the total assets used in a company. ROA is also a measure of management's effectiveness in managing its investments. An analysis of Return on Assets (ROA) can provide valuable insights into understanding how working capital management in food and beverage sub-sector companies performed during the COVID-19 pandemic. In this context, ROA can provide an overview of how well companies were able to optimize their assets to generate profits, given the changes in market dynamics and challenges faced during the pandemic
The effect of EVA and REVA's financial performance on shareholder value creation in the healthcare industry during the COVID-19 pandemic Sanga, Marianus Hendrilensio; Yopie Kefi, Darwin; Sanam, Yefta
Enrichment : Journal of Management Vol. 13 No. 6 (2024): February
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i6.1831

Abstract

This study investigates the effect of value-added profitability metrics, specifically Economic Value Added (EVA) and Refined Economic Value Added (REVA), on shareholder value creation proxy by Market Value Added (MVA) in the Indonesia’s healthcare industry before and during the COVID-19 pandemic. We employed ordinary least squares (OLS) panel data regression model, with variable dummy to accommodate the COVID-19 pandemic. It uses a sample size of 14 companies, including 4 healthcare service sector companies and 11 pharmaceutical sector companies. The result: 1) EVA and REVA have significant influence in explaining the shareholder value creation of the healthcare industry in Indonesia before and during the pandemic. EVA had a positive effect on MVA in two periods, while REVA is negatif during the pandemic. 2) EVA and REVA metrics are superior in explaining shareholder value creation over traditional accounting metrics (ROCE, ROE and EPS). The implications: for academics, the calculation of EVA and REVA must be done properly and correctly, especially in calculating the cost of capital in order to provide accurate results. While, for practisioners, the consistency of value-added metrics shows the urgency of its application in evaluating financial performance and shareholder value creation in Indonesia and specifically the healthcare industry
The effect of financial literacy in the management of BUMDes (The Case study of BUMDes administrators in Nekamese district, Kupang Regency - NTT) Kefi, Darwin Yopie; Sanga, Marianus Hendrilensio; Seran, Patrisius; Aryuditha, Verylyanny
Jurnal Mantik Vol. 9 No. 2 (2025): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v8i6.6135

Abstract

This study investigates how the management ability of Village-Owned Enterprises (BUMDes) in the Nekamese District correlates with knowledge about finance. This research will examine how the understanding and skills of BUMDes administrators about finance in financial management. It is hoped that the results will provide better insight into how important financial literacy is in improving the performance of BUMDes and provide appropriate policy recommendations to improve financial literacy at the local level. This research will be conducted on BUMDes administrators in 11 villages in Nekamese District, Kupang Regency with a total of 10 respondents. This research is qualitative, and the data analysis tool used in this study is Nvivo (Non-Numerical Unstructured Data Indexing Searching, and Theorizing). NVivo is used to code and analyze data, presenting the results of data analysis in the form of drawings, diagrams, or graphs for thematic, content, comparative, and even analytical purposes, and even to analyze associative, unidirectional, and symmetrical relationships. The results of this study show that BUMDes managers in the Nekamese District have a basic understanding of financial concepts and principles. Respondents showed awareness of the importance of transparency, participation, and financial stability in managing BUMDes. However, there is room for improvement in terms of the implementation of more structured and strategic financial management methods, such as the use of more diversified financial instruments and comprehensive long-term financial planning. Developing the capacity of managers in these aspects can help BUMDes achieve more optimal and sustainable performance
Packaging and Marketing Training for Products of Waste Processing Sites in Mangrove Tourism Area, West Oesapa Village, Kupang City Fanggidae, Jappy Parlindungan; Nino, Indawati Jauhar; Manafe, Janri Delastriani; Setyorini, Tuti; Dioh, Septia Sakalini; Kefi, Darwin Yopie; Latupeirissa, David Samuel; Tarigan, Surya Setiadi; Sanga, Marianus Hendrilensio; Dima, Rohani Purnamasari
Society : Jurnal Pengabdian Masyarakat Vol. 4 No. 1 (2025): Januari
Publisher : Edumedia Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55824/jpm.v4i1.481

Abstract

This community service activity aims to improve the skills of the 3R Waste Management Site (Recycle, Reuse, Reduce) management group in the mangrove ecotourism area of Oesapa Beach, Kupang, NTT. This TPS was built through collaboration between the government and local communities, aiming to manage waste and support economic improvement through organic fertilizer production. However, there are obstacles in the marketing of these organic fertilizers, including unattractive packaging and limited sales points in tourist areas. This service method consists of several stages: preparation, implementation, evaluation, and reporting. At the preparation stage, partner problems are identified. The implementation stage includes training on packaging fertilizer products that are neater and more attractive and marketing strategies in tourist areas, which are delivered through workshops and hands-on practice. The evaluation was carried out by comparing the condition of the partners before and after the training. The results of the activity showed an increase in skills in product packaging and the ability to design more effective marketing strategies, which can be seen from the increase in consumer interest in organic fertilizer products. The positive impact of this activity is expected to support the sustainability of the 3R TPS management group's business and contribute to environmental and economic preservation of the local community through more optimal waste management.
Peran On the Job Training dan Psychological Ownership Terhadap Employee Engagement dengan Kinship sebagai Pemediasi Kefi, Darwin Yopie; Sanga, Marianus Hendrilensio; Seran, Patrisius
Public Policy Jurnal Aplikasi Kebijakan Publik dan Bisnis
Publisher : Lembaga Penelitian & Pengabdian Masyarakat (LPPM) STIA Said Perintah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51135/PublicPolicy.v5.i1.p304-319

Abstract

The study aims to investigate on-the-job training and psychological ownership in Micro, Small, and Medium Enterprises (MSMEs) in ApasA, Kupang City, NTT. It employs a quantitative approach using questionnaires for data collection. Probability sampling method was used with a sample size of 42 individuals. Data analysis utilized Structural Equation Modeling-Partial Least Square (SEM-PLS) through Smart PLS version 3 software. Results show that on-the-job training does not significantly influence employee engagement, but psychological ownership positively impacts it. Kinship does not mediate the relationship between training or psychological ownership and employee engagement. These findings can help MSME management design more efficient human resource development strategies.
The Effect of Liquidity on the Financial Performance of Companies in the Property, Real Estate and Building Construction Sectors Listed on the Indonesia Stock Exchange in 2023 Sanga, Marianus Hendrilensio; Situmorang, Resvina; Seik, Merlinda Friday; Bangngu, Sani Alesya; Taus, Stefani Petriana Welhelmina
Science Journal Get Press Vol 2 No 1 (2025): January, 2025
Publisher : CV. Get Press Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69855/science.v2i1.97

Abstract

The property and real estate sector requires large investments and long business cycles, which requires developers to have solid financial strategies and adequate liquidity. However, the relationship between liquidity and financial performance is still debated, as excess liquidity can indicate inefficiencies. Purpose: analyze the effect of liquidity on financial performance in property and real estate companies listed on the Indonesia Stock Exchange. Methods: A quantitative approach with a descriptive and causal design to measure the relationship between the liquidity and financial performance of property and real estate companies. Secondary data is obtained from the annual financial statements of companies listed on the IDX in 2023, with sampling using a census involving all companies in this sector. Results: The Current Ratio has a significant negative effect on ROA while the Quick Ratio has no effect on ROA. Meanwhile, F-Statistic value shows that liquidity has no effect on financial performance. Implications: The importance of balanced liquidity management to support the profitability and efficiency of the company's operations. Conclusion: Adequate liquidity needs to be optimized without sacrificing the potential for productive investment.
ESP, metacognition, and financial reporting practice: The moderating role of learning motivation Dheghu, Yosef Paseli; Sanga, Marianus Hendrilensio; Situmorang, Resvina; Latumahina, Olivia; Wora, Alini
Indonesian Journal of Educational Development (IJED) Vol. 6 No. 4 (2026): February 2026
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat (LPPM) Universitas PGRI Mahadewa Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59672/ijed.v6i4.5469

Abstract

This study examines the influence of English for Specific Purposes (ESP) learning and metacognitive learning strategies on accounting students' financial reporting practices, thereby strengthening language-based professional competencies in vocational higher education. The population consisted of 612 third- and fifth-semester accounting students at Politeknik Negeri Kupang, and 239 were selected using proportional stratified random sampling. Data were collected through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that ESP learning does not significantly affect students' financial reporting practice (β = 0.121, t = 1.763), indicating that linguistic improvement alone does not translate into better technical reporting performance. Conversely, metacognitive learning strategies have a strong positive effect (β = 0.367, t = 4.580), indicating that students who plan, monitor, and evaluate their learning are more able to apply accounting concepts accurately. Learning motivation does not moderate the effect of ESP learning (β = 0.020, t = 0.196) nor the effect of metacognitive strategies (β = –0.037, t = 0.477), suggesting that motivation does not alter these relationships. The model explains 41.6% of the variance in students' financial reporting practice, underscoring the dominance of cognitive and self-regulatory processes in shaping competence. The study recommends integrating ESP instruction with strategy-based and practice-oriented learning approaches and suggests future research employing longitudinal or experimental designs.
Edukasi Keuangan Gemar Menabung bagi Anak-Anak dengan Memanfaatkan Barang Bekas di Desa Naibonat, Kabupaten Kupang, Nusa Tenggara Timur Resvina Situmorang; Martina K Rupa; Olivia Latumahina; Clara M. Reinamah; Made Denny Oktaryana; Fransiskus Marlon Reu; Marianus Hendrilensio Sanga
Diakoneo : Jurnal Pengabdian kepada Masyarakat Vol. 1 No. 2 (2025): Juni
Publisher : Politeknik Negeri Kupang

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Abstract

Literasi keuangan merupakan keterampilan penting yang harus diajarkan sejak dini untuk membentuk kebiasaan pengelolaan keuangan yang bijak. Namun, di banyak daerah pedesaan, termasuk Desa Naibonat, Kabupaten Kupang, kesadaran dan kebiasaan menabung di kalangan anak-anak masih rendah akibat minimnya edukasi keuangan yang sistematis dan metode pembelajaran yang menarik. Program pengabdian masyarakat ini bertujuan meningkatkan literasi keuangan anak-anak melalui pendekatan edukatif berbasis pemanfaatan barang bekas. Metode yang digunakan meliputi diskusi awal dengan pemangku kepentingan, sosialisasi kepada orang tua dan anak-anak, ceramah interaktif, permainan edukatif, serta workshop pembuatan celengan dari barang bekas. Proses pembelajaran dilakukan secara partisipatif untuk meningkatkan keterlibatan anak-anak dalam memahami konsep menabung. Hasil kegiatan menunjukkan peningkatan pemahaman dan kesadaran anak-anak tentang pentingnya menabung. Mereka lebih termotivasi menyisihkan uang saku setelah mengikuti permainan edukatif dan praktik langsung pembuatan celengan. Selain itu, kegiatan ini juga menanamkan nilai kreativitas dan kesadaran lingkungan melalui pemanfaatan barang bekas sebagai media edukatif. Kesimpulannya, pendekatan ini terbukti efektif dalam meningkatkan literasi keuangan anak-anak. Keberlanjutan program ini memerlukan dukungan dari orang tua, guru, serta komunitas agar manfaatnya dapat terus dirasakan dalam kehidupan sehari-hari.
ESG disclosure on corporate value in Indonesia: A moderation approach by ownership structure and auditor reputation Suharto, Raden Setya Budi; Sanga, Marianus Hendrilensio; Situmorang, Resvina; Rupa, Martina Kaisriani; Dheghu, Yosef Paseli
International Journal of Applied Finance and Business Studies Vol. 13 No. 4 (2026): March: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v13i4.441

Abstract

This study aims to analyze the influence of Environmental, Social, and Governance (ESG) on company value, with the ownership structure and reputation of auditors as moderation variables in public companies in Indonesia during the 2023–2024 period. This study uses an associative quantitative approach with an ex post facto method, based on secondary data from annual reports, audited financial statements, and ESG ratings from Sustainalytics. The sample was obtained through a purposive sampling technique which included 312 observations of non-financial companies listed on the Indonesia Stock Exchange. Data analysis was carried out using Moderated Regression Analysis (MRA) and tested robustly with the Fixed Effects (FE) and System GMM approach to ensure consistency of results. The results showed that ESG did not have a significant effect on company value, while company size (SIZE) and profitability (ROA) had a significant positive effect. Meanwhile, the auditor's ownership structure and reputation have not been proven to strengthen the ESG relationship with company value. The robustness test confirmed that the results were stable and not affected by endogenicity issues. Theoretically, these findings support the theory of legitimacy and signaling, where ESG practices in Indonesia still function as a means of social legitimacy, rather than economic signals that are clearly appreciated by the market. From a practical perspective, the findings suggest that managers should integrate ESG initiatives with clear financial outcomes and transparent value-creation strategies. Additionally, regulators and policymakers are encouraged to improve ESG reporting standards and market literacy, while investors are advised to interpret ESG information cautiously and in conjunction with conventional financial indicators when evaluating company value.
Co-Authors Andrianantenaina, Hajanirina Aryuditha, Verylyanny Bangngu, Sani Alesya Budi Suharto, Raden Setya Clara M. Reinamah David Samuel Latupeirissa, David Samuel Dheghu, Yosef Paseli Dima, Rohani Purnamasari Dioh, Septia Sakalini Hale, Katarina Derice Handa, Resky Pramudita Jappy P. Fanggidae Kefi, Darwin Yopie Latumahina, Olivia Made Denny Oktaryana Manafe, Janri.D Martina K Rupa Muni, Wilhelmina Nino, Indawati Jauhar Noble Sam Prince Olivia Latumahina Patrisius Seran, Patrisius Prakoso, Dimas Bagus Resvina Situmorang Reu, Fransiskus Marlon Rupa, Martina Kaisriani Sanam, Yefta Seik, Merlinda Friday Situmorang, Resvina Sogen, Skolastika Ananda Queen Suharto, Raden Setya Budi Takena, Rizka Angela Tarigan, Surya Setiadi Taus, Stefani Petriana Welhelmina Titian Jelita Tuka Tuti Setyorini Wilhelmina Muni Wilhelmina Muni Wora, Alini Yessi Susan Intan P. Benu Yopie Kefi, Darwin