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The Effect of Dividend Policy, Profitability, and Liquidity on Company Value at PT. Gudang Garam Tbk on the Indonesia Stock Exchange Kambuno S., Ronaldo; Halik, Johannes Baptista; Jaya, Amir
Journal of Marketing Management and Innovative Business Review Vol. 3 No. 1 (2025): Mariobre, June 2025 (e-ISSN: 3031-4208)
Publisher : Master of Management Study Program, Universitas Kristen Indonesia Paulus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63416/mrb.v3i1.305

Abstract

This study discusses how dividend policy, profitability, and liquidity policies affect company value. The entire consolidated financial statements of PT Gudang Garam Tbk from 2014 to 2023 are included in the population being studied. The balance sheet and income statement of PT Gudang Garam Tbk were taken at the same time using a purposive sampling method. Classical assumption tests and multiple regression analysis were used for secondary data. The research shows that dividend policy, liquidity, and profitability simultaneously influence company value. The coefficient of determination (R²) has a value of 0.76, indicating that liquidity, dividend policy, and profitability affect company value by 76%. Other variables not examined in this study account for the remaining 24%..
Peran Strategi Diversifikasi dan Pengelolaan Risiko Keuangan terhadap Keberlanjutan Bisnis pada UKM Patandean, Eben Haezer Basran; Mongan, Claudio Julio; Halik, Johannes Baptista
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.1354

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh strategi diversifikasi dan pengelolaan risiko keuangan terhadap keberlanjutan bisnis UKM di sektor manufaktur Indonesia. Pendekatan kuantitatif digunakan dengan metode survei terhadap 150 UKM yang telah beroperasi lebih dari lima tahun. Hasil analisis regresi linier berganda menunjukkan bahwa baik strategi diversifikasi maupun pengelolaan risiko keuangan berpengaruh positif dan signifikan terhadap keberlanjutan bisnis UKM, baik secara parsial maupun simultan. Strategi diversifikasi, yang mencakup ekspansi pasar dan inovasi produk, terbukti meningkatkan daya tahan UKM dalam menghadapi dinamika pasar. Sementara itu, pengelolaan risiko keuangan—melalui manajemen arus kas, pengelolaan modal kerja, dan investasi yang efisien—memiliki pengaruh yang lebih dominan terhadap keberlanjutan usaha. Temuan ini memberikan implikasi praktis bagi pemilik UKM dan pengambil kebijakan bahwa keberlanjutan usaha memerlukan sinergi antara strategi ekspansi dan manajemen keuangan yang prudent. Penelitian ini memberikan kontribusi teoritis dengan memadukan kedua variabel tersebut dalam satu model empiris dan menegaskan pentingnya manajemen strategis terpadu bagi keberlanjutan UKM.
Improving Ship Crew Job Satisfaction: The Role of Work Environment and Career Development Rumopa, Michael; Baharuddin, Baharuddin; Halik, Johannes Baptista; Lambe, Kristian Hoegh Pride
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.665

Abstract

This study aims to examine the influence of the work environment and career development on the job satisfaction of Yihai ship crews under Raffles Ship Management Pte Ltd. Given the unique and challenging nature of maritime work, both factors are considered crucial in shaping crew satisfaction. A quantitative approach was employed using a survey method, with data collected from 35 ship crew members selected through purposive sampling. The data were analyzed using Structural Equation Modeling (SEM) with the SmartPLS 4.0 software. The results revealed that the work environment did not have a significant impact on job satisfaction. Conversely, career development showed a positive and significant influence. When assessed simultaneously, both variables contributed meaningfully to job satisfaction. These findings underscore the importance of prioritizing structured and ongoing career development programs to enhance employee welfare and satisfaction. For Raffles Ship Management Pte Ltd, this study provides valuable insights for formulating effective policies aimed at boosting the motivation, performance, and long-term retention of their ship crews.
Investor Risk Behavior as a Mediator in the Influence of Financial Literacy on Millennial Investment Decisions: Evidence from Makassar, Indonesia Mongan, Claudio Julio; Halik, Johannes Baptista; Lambe, Kristian Hoegh Pride; Irdawati, Irdawati
Journal of Management and Business Review Vol 22, No 2 (2025)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v22i2.820

Abstract

This study examines how investor risk behavior influences the relationship between millennials' investment choices and financial literacy in Makassar, Indonesia. A structured survey with 96 respondents chosen by purposive sampling was used in a quantitative way. The data was analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings show that financial literacy has no direct impact on investment choices. Nonetheless, it greatly influences investment decisions by having a considerable favorable impact on investor risk behavior. Additionally, the association between financial literacy and investing decisions is positively mediated by investor risk behavior. These findings indicate that financial knowledge alone is insufficient to induce sensible investment behavior unless integrated with risk tolerance. The study enhances behavioral finance by illustrating the interplay of cognitive and behavioral elements in millennial investing. Practical implications include a need for financial literacy initiatives that combine risk management training to strengthen the ability to make decisions in digital investment environments.
Analisis Belanja Modal terhadap Aset Tetap: Studi Kasus pada Laporan Keuangan Pemerintah Daerah Kabupaten Nabire Tahun 2024 Untung, Luther; Sabandar, Sita Yubelina; Halik, Johannes Baptista
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2433

Abstract

Penelitian ini bertujuan untuk menganalisis belanja modal dalam aset tetap pada laporan keuangan Pemerintah Kabupaten Nabire tahun anggaran 2024. Fokus penelitian ini adalah untuk mengevaluasi efisiensi, efektivitas, dan akuntabilitas belanja modal dalam pembentukan aset tetap serta sejauh mana pengelolaan aset tetap mendukung transparansi dan pertanggungjawaban keuangan daerah. Penelitian ini menggunakan pendekatan deskriptif kualitatif dengan data sekunder berupa Laporan Keuangan Pemerintah Daerah (LKPD) Kabupaten Nabire tahun 2024. Analisis dilakukan dengan membandingkan realisasi belanja modal dengan rencana anggaran, serta menilai peningkatan Aset tetap dibandingkan degan tahun 2023 melalui interpretasi naratif dan analisis dokumen. Hasil penelitian menunjukkan bahwa belanja modal di Kabupaten Nabire telah digunakan untuk membentuk aset tetap yang signifikan, namun terdapat ketidaksesuaian antara perencanaan dan realisasi anggaran. Diperlukan peningkatan pengelolaan aset tetap dan perencanaan belanja modal agar lebih efektif dan efisien.
THE INFLUENCE OF FINANCIAL LITERACY AND FINANCIAL MANAGEMENT ON THE PERFORMANCE OF TAILORING SMES IN NORTH TORAJA Pareang, Triani; Mongan, Benyamin; Halik, Johannes Baptista
Journal of Entrepreneur, Business and Management Vol 3, No 1 (2025): Journal of Entrepreneur, Business and Management
Publisher : Entrepreneurship Undergraduate Program at Amkop Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/jebm.v3i1.165

Abstract

This research analyzes the influence of financial literacy and financial management on the performance of tailoring Small and Medium Enterprises (SMEs) in North Toraja. SMEs play a strategic role in the Indonesian economy, but face obstacles in managing finances. The methodology used was descriptive quantitative research using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) approach on 57 respondents who were active in the sewing sector. The research results show that financial literacy does not have a significant influence on the performance of tailoring SMEs, while financial management is proven to have a significant positive impact. These findings emphasize the importance of good financial management in improving business performance. Although financial literacy still plays an important role, it has not been implemented consistently by SMEs.Keywords: : Financial Literacy; Financial management; SME Performance; SEM-PLS; North Toraja
Investor Risk Behavior as a Mediator in the Influence of Financial Literacy on Millennial Investment Decisions: Evidence from Makassar, Indonesia Mongan, Claudio Julio; Halik, Johannes Baptista; Lambe, Kristian Hoegh Pride; Irdawati, Irdawati
Journal of Management and Business Review Vol 22, No 2 (2025)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v22i2.820

Abstract

This study examines how investor risk behavior influences the relationship between millennials' investment choices and financial literacy in Makassar, Indonesia. A structured survey with 96 respondents chosen by purposive sampling was used in a quantitative way. The data was analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings show that financial literacy has no direct impact on investment choices. Nonetheless, it greatly influences investment decisions by having a considerable favorable impact on investor risk behavior. Additionally, the association between financial literacy and investing decisions is positively mediated by investor risk behavior. These findings indicate that financial knowledge alone is insufficient to induce sensible investment behavior unless integrated with risk tolerance. The study enhances behavioral finance by illustrating the interplay of cognitive and behavioral elements in millennial investing. Practical implications include a need for financial literacy initiatives that combine risk management training to strengthen the ability to make decisions in digital investment environments.
THE EFFECT OF FINANCIAL LITERACY ON THE INCOME OF CULINARY SMES IN TANA TORAJA REGENCY THROUGH PERFORMANCE Golda, Cipta; Todingbua, Manuel A; Halik, Johannes Baptista
Indonesian Journal Of Economy Studies Vol. 3 No. 2 (2024): Indonesian Journal Of Economy Studies
Publisher : Siddiq Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63828/ijes.v3i2.78

Abstract

According to the Tana Toraja Central Statistics Agency, the number of culinary SMEs in Tana Toraja Regency continues to grow, in line with increasing economic activity in the area. However, this growth has not been accompanied by optimal financial management by business actors. One of the main obstacles for SMEs is low financial literacy. The aim of this research is to find out how financial literacy influences income through the performance of culinary SMEs in Tana Toraja Regency. This research uses a quantitative method with a sample size of 96 obtained using a purposive sampling technique. Hypothesis testing was carried out by analyzing the path coefficient and the results obtained showed that financial literacy had an influence on income through performance. However, Tana Toraja Regency Culinary UKM have not been able to optimally apply the knowledge they have gained through financial literacy, so suggestions are given to the district government and related parties to hold outreach and education regarding financial literacy and financial management for UKM players.Keyword: financial literacy, UKM, Income,performance 
The Influence of Financial Literacy and Lifestyle on Student Consumptive Behavior (Study at the Faculty of Economics and Business, UKI Paulus Makassar) Halik, Johannes Baptista; Mongan, Benyamin; Kamban, Stevani Tandi
Management Research Studies Journal Vol. 6 No. 1 (2025): Management Research Studies Journal
Publisher : Institut Keuangan-Perbankan Dan Informatika Asia Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/mrsj.v6i1.852

Abstract

This research aims to analyze the influence of financial literacy and lifestyle on the consumptive behavior of students at the Faculty of Economics and Business, Paulus Indonesian Christian University, Makassar. The research method used is quantitative, namely systematic scientific research on relationships or influences obtained using statistical models, involving 88 respondents from the active student population. The technique used in this sampling is a simple random sampling technique. Data is collected through questionnaires that measure financial literacy, lifestyle and consumer behavior. The results of analysis using Partial Least Squares-Structural Equation Modeling (PLS-SEM) show that financial literacy has no significant effect on consumptive behavior, while lifestyle has a positive and significant effect. These findings indicate that even though students have good financial literacy, lifestyle factors that tend to be consumptive are more dominant in influencing their shopping behavior. It is hoped that this research will provide insight into better financial management among students and encourage the importance of financial literacy education.
Pengaruh Social Media Marketing dan Sales Promotion Terhadap Keputusan Pembelian Tastea Perintis Kemerdekaan Makassar Tamara, Kirana Lorenza The; Jaya, Amir; Halik, Johannes Baptista
Al-Buhuts Vol. 19 No. 2 (2023): Al- Buhuts
Publisher : Institute Agama Islam Negeri (IAIN) Sultan Amai Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30603/ab.v19i2.4163

Abstract

This research aims to see the influence of marketing using social media and sales promotions on consumer purchasing decisions at the Tastea Perintis Independen Makassar branch. The population in this study were all Tastea customers at the Perintis Independen Makassar branch, where the author took a sample of 50 people based on convenience sampling techniques. From the research results, it was found that Social media marketing (X1) had no effect on Tastea consumer purchasing decisions (Y). On the other hand, sales promotion (X2) has a positive and significant influence on consumer purchasing decisions (Y). For this reason, the author suggests that Tastea look for other digital marketing tools that are considered appropriate for reaching their consumers. Apart from that, they continue to strengthen sales promotions which are their advantage.
Co-Authors Abdul Nasir Rachman Adriana Amir Jaya Andi Widiawati Andryanus Paridi Andryanus Paridy Anita Datu Sanggalangi Aprilia Maya Astrianita Salim Astuty Sumanto, R.R. Eko Widy Baharuddin Baharuddin Baharuddin Baharuddin Bahri Majid Barto Sikona Benyamin Mongan Bima Muttaqin, Elfran Carolus Askikarno Palalangan Claudio Julio Mongan Corvis L Rantererung Daniella Cynthia Sampepajung Dartika, Gabrillea Desi Rapang Eben Haezer Basran Patandean Elsa Balaba Fadhliah M. Alhadar Flora Samosir Golda, Cipta Hermiati Kini Ifah Finatry Latiep Irdawati Irdawati Irdawati Irdawati Jaya, Amir Jerliyen Pramita Londong Jihan Juliansi Sandapang, Ismelly Kamban, Stevani Tandi Kambuno S., Ronaldo Kordiana Sambara Kristian Hoegh Pride Lambe Lambe, Kristian Hoegh Pride Lilik Handayani Linda Setiawati, Linda Lintang, Jane Litha Clara Wattilete Londong, Jerliyen Pramita Ma'na, Petrus Maiercherinra Daud Manda, Katrini Manuel August Todingbua Maria Yessica Halik Maria Yessica Halik Marlinda Waty Mongan, Benyamin Mongan, Claudio Julio Mukhtar Galib Noviantry Ruruk Nurlia Nurlia Nurlia Olga Fiorella Pagiling Paembonan, Rio Panimba, Wirayanti Pareang, Triani Patandean, Eben Haezer Basran Reni Anastasia Roreng, Petrus Peleng Roswiyanti Roswiyanti Rumopa, Michael Salim, Astrianita Sambara, Kordiana Sasabone, Luana Sipi, Afian Dezi Sanda Sita Yubelina Sabandar Tamara, Kirana Lorenza The Tamzil Yusuf Tandioga, Nadia Timar Tiku Sumule Todingbua, Manuel A Todingbua, Manuel A. Untung, Luther Wattilete, Litha Clara Wildayanti, Rista Yemima Yemima Yenni Daud Yuli Rahmini Suci