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Pengaruh Environmental Social Governance, Ukuran Perusahaan dan Leverage Terhadap Kinerja Keuangan Alfiyansah; Rinofah, Risal; Prima Sari , Pristin
Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi (Jebma) Vol. 5 No. 3 (2025): Artikel Riset Nopember 2025
Publisher : Yayasan Cita Cendikiawan Al Kharizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebma.v5i3.7153

Abstract

Penelitian ini bertujuan untuk mengevaluasi dampak environmental social governance (ESG), ukuran perusahaan, serta tingkat leverage terhadap performa keuangan yang diukur melalui Return on Assets (ROA) pada perusahaan sector pertambangan yang tercatat secara konsisten di Bursa Efek Indonesia (BEI) selama periode 2021-2024. Pendekatan ini bersifat kuantitatif, penerapan analisis regresi linier berganda serta penggunaan data sekunder yang diperoleh dari laporan tahunan perusahaan. Temuan penelitian menunjukkan bahwa ESG tidak memberikan pengaruh signifikan terhadap ROA, sementara ukuran perusahaan memiliki dampak positif yang signifikan pada ROA, dan leverage menunjukkan pengaruh negative yang signifikan terhadap ROA. Nilai Adjusted R Square yang relative kecil menandakan adanya variable eksternal di luar penelitian ini yang turut mempengaruhi performa keuangan. Hasil ini memberikan sumbangan empiris bagi pemahaman keterkaitan antara ESG, ukuran perusahaan, dan leverage dalam konteks industry pertambangan di Indonesia, serta berfungsi sebagai acauan bagi para manajer dan investor dalam merumuskan strategi keputusan yang mengutamakan keberlanjutan dan efisiensi finansial
The Effect Of Environmental, Social, And Governence (Esg) Performance And Profitability On Firm Value With Firm Size As A Moderating Variable Monita B, Cantika; Hermuningsih, Sri; Rinofah, Risal
Amkop Management Accounting Review (AMAR) Vol. 5 No. 2 (2025): July - December
Publisher : Sekolah Tinggi Ilmu Ekonomi Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/amar.v5i2.3386

Abstract

This study examines the influence of Environmental, Social, and Governance (ESG) performance and profitability on firm value, with firm size as a moderating variable, in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The study employs a quantitative approach using secondary data obtained from annual financial reports and sustainability reports. The sample consists of 28 companies selected through purposive sampling. Data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with the assistance of SPSS version 27. The empirical findings show that ESG performance does not have a significant direct effect on firm value, while profitability has a positive and significant effect on firm value. Firm size does not directly affect firm value, but it plays a moderating role in the relationship between ESG performance and firm value as well as between profitability and firm value. Firm size weakens the relationship between ESG performance and firm value, yet strengthens the relationship between profitability and firm value. Simultaneously, ESG performance, profitability, and firm size significantly influence firm value.
The Influence of Investment Decisions, Funding Decisions, Free Cash Flow, and Financial Sustainability on Shareholder Value in the Food and Beverage Sector Listed on the Indonesian Stock Exchange for the Period 2018-2022 Cindy Rahmawati Putri Utami; Ratih Kusumawardhani; Risal Rinofah
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6287

Abstract

This study aims to find out more clearly about the factors that influence investment decisions, funding decisions, free cash flow, and financial sustainability on shareholder value in the food and beverage sector listed on the Indonesia Stock Exchange for the period 2018-2022. The number of food and beverage sector companies listed on the IDX in 2018-2022 is 94, but only 45 companies match the predetermined criteria. The methods used in this research are descriptive statistics, classical assumption tests, multiple linear analysis, and hypothesis testing with data analysis using SPSS 25. This study uses the dependent variable shareholder value and the independent variables are investment decisions, funding decisions, free cash flow, and financial sustainability. The results of this study indicate that partial testing (T-test), investment decision variables, funding decision variables, free cash flow variables, and financial sustainability variables show negative results or have no significant effect on shareholder value.
The Influence of Digital Financial Literacy, Financial Self-Efficacy, and Financial Experience on The Interest in Using Pay-Later Fintech Payment Services Among Students in Yogyakarta Maenaka, Ardha Gunung; Kusumawardhani, Ratih; Rinofah, Risal
Cakrawala Repositori IMWI 328-344
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v8i6.824

Abstract

The development of digital technology has encouraged the emergence of technology-based financial services, one of which is fintech pay-later services. While offering convenience and flexibility, the adoption of these services is not only influenced by technological factors, but also by individual factors such as digital financial literacy, self-efficacy in managing finances, and financial experience. However, there remains a research gap regarding which individual factors most dominantly influence students' interest in using pay-later services, particularly in the Indonesian context where fintech adoption is rapidly growing but consumer protection mechanisms are still developing. This study aims to analyze the influence of Digital Financial Literacy (DFL), Financial Self-Efficacy (FSE), and Financial Experience (FE) on the interest in using fintech payment pay-later in students in Yogyakarta. This study uses a quantitative method with a descriptive approach. The research sample amounted to 100 students who were selected using the purposive sampling technique. Data were collected through questionnaires and analyzed using multiple linear regression analysis. The results showed that simultaneously, the three independent variables had a significant effect on the interest in using pay-later. However, partially, only financial self-efficacy has a positive and significant effect. Meanwhile, digital financial literacy and financial experience have no significant effect on interest. These findings indicate that students' self-confidence in managing finances is more dominant in influencing their decision to use pay-later services compared to their financial knowledge and experience.
Analisis Dampak Corporate Governance Dan Growth Serta Banking Competition Terhadap Kinerja Keuangan Bank Konvensional Lianus, Jothsia; Risal Rinofah; Pristin Prima Sari
Jurnal Bisnis dan Manajemen Vol. 12 No. 2 (2025): Jurnal Bisnis dan Manajemen Volume 12 Nomor 2 Tahun 2025
Publisher : Jurnal Bisnis dan Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jbm.v12i2.16366

Abstract

Perbankan memiliki peran strategis dalam menopang stabilitas ekonomi nasional, namun dinamika kompetisi industri, kualitas tata kelola, dan pertumbuhan aset dapat memengaruhi kinerja keuangan bank. Penelitian ini bertujuan menganalisis pengaruh Corporate Governance, Growth, dan Banking Competition terhadap kinerja keuangan bank konvensional di Indonesia. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder dari laporan keuangan dan hasil self-assessment Good Corporate Governance pada 36 bank konvensional yang terdaftar di Bursa Efek Indonesia (BEI) selama 2020-2022. Analisis regresi data panel dilakukan menggunakan Random Effect Model (REM) berdasarkan hasil Uji Chow dan Uji Hausman. Hasil penelitian menunjukkan bahwa meskipun ketiga variabel independen secara simultan signifikan dengan nilai Prob (F-statistic) sebesar 0,0220, model hanya mampu menjelaskan 6,57% variasi Return on Assets (ROA), sehingga kontribusi variabel penelitian secara keseluruhan relatif terbatas. Secara parsial, Corporate Governance, Growth, dan Banking Competition berpengaruh positif namun tidak signifikan, sementara variabel Size terbukti berpengaruh positif dan signifikan dengan koefisien 0,010668 (p = 0,0496). Temuan ini menunjukkan bahwa ukuran aset merupakan determinan utama profitabilitas bank, sedangkan tata kelola, pertumbuhan, dan tingkat persaingan belum memberikan dampak yang kuat terhadap kinerja keuangan perbankan pada periode penelitian.
The The AI, Hedonism, Impulsive Buying, Self-Control, and TikTok PayLater Loans Wahyu Dianto; Risal Rinofah; Pristin Prima Sari
Journal of Economy, Accounting and Management Science (JEAMS) Vol. 7 No. 2 (2026): March In progress
Publisher : Faculty of Economics, Merdeka University Surabaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55173/jeams.v7i2.106

Abstract

This study aims to examine and analyze (1) the effect of artificial intelligence on loan decisions using TikTok Paylater, (2) the effect of hedonistic lifestyle on loan decisions using TikTok Paylater (3) The effect of impulsive buying on loan decisions using TikTok Paylater (4) The effect of artificial intelligence on loan decisions using TikTok Paylater through self-control (5) The effect of hedonistic lifestyle on loan decisions using TikTok Paylater through self-control (6) The Influence of Impulsive Purchasing on Loan Decisions Using TikTok Paylater Through Self-Control, and (7) The Influence of Self-Control on Loan Decisions Using TikTok Paylater. The sample in this study consisted of 110 Gen Z respondents in Yogyakarta who were active TikTok Shop users and had made at least one transaction using TikTok Paylater in the last month. Data collection was conducted by distributing questionnaires through social media, and the sampling technique used was purposive sampling. This study used the Outer Model analysis technique, Model Fit Test, and Inner Model Analysis. The analysis software used was SmartPLS 4.1.0.9. The results of the study show that (1) there is a positive and significant effect between the Artificial Intelligence variable and the decision to borrow using TikTok Paylater (2) there is no positive and significant effect of the Hedonistic Lifestyle variable on the decision to borrow using TikTok Paylater (3) there is no positive and significant effect of the Impulsive Purchasing variable on the decision to borrow using TikTok Paylater (4) There is no positive effect of the Artificial Intelligence variable on the decision to borrow using TikTok Paylater through Self-Control (5) There is no positive and significant effect of the Hedonistic Lifestyle variable on the decision to borrow using TikTok Paylater through Self-Control (6) There is no positive and significant effect of the Impulsive Purchasing variable on Loan Decisions Using TikTok Paylater through Self-Control (7) There is no positive and significant effect of the Self-Control variable on Loan Decisions Using TikTok Paylater.
Co-Authors abdul Afif faelani Abdul Aziz Suryadi Afivaturokhmah, Neila Agung, Nyoman Pendi Agus Dwi Cahya Agus Dwi Cahya Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida, Alfiatul Alfiatul Maulinda alfiatulmaulida Alfiyansah Alveno Prakoo Nugroho Alya Tri Apriyani Amanah, Winda Anugrah Sepnu Utama Apriyani, Alya Tri Apriyanto, Ari Areza Marta Brona Areza Marta Brona Ari Apriyanto Arif Kurniawan Arum Tri Widiastuti Asa, Maria Ekardis Astari, Yola Ayu Hanasri Ayuni Bahar Sahputri Beatrixon , Maria Brastibian, Imwi Brona, Areza Marta Cahyani, Elah Ria Cindy Rahmawati Putri Utami Damanik, Johannes Maysan Damanudin, Ibnu Dede Hartanto Patarowo Dedi Muhamad Deni Kurniyanto Dhimas Nurcahyo Diah Lestari Mumpuni Dwi Agung Kriswanto Dwi Suryani Eka Wulandari Eka Wulandari Elisabet Yuli Kristanti Elva Syanistya Nur Khasanah Ema Apriyanti Ephy Syah Reza Erfika, Natalia Riski Erni Dwijayanti Fajar Ahmad Aryanto Fauzi, Fitriya Fidiastuti, Fitri Findia Idamazari Fitri Fidiastuti Fuady , Misbach Gendro Wiyono Harta Daya, Viviana Oktaviani Hasna Aini Sabrina Hasti Nugrahaning Tyas Hasya Fatharani Heni   Nur Amrina IBN Udayana Ibnu Damanudin Iga Pramesty, Nadia Ign. Sony Kurniawan Ignatius Soni Kurniawan Ika Nur Yuliningsih Ika Nurul Fadhilah Imam Khulwani Imwi Brastibian Indra Ayu Aninda Wibowo Irfan Kurniawan Irwan Trinugroho, Irwan Islamiati, Dian Ismalia, Dhiah Alda Jajuk Herawati Jajuk Herawati Julaiha, Julaiha Julyana Widjayanti Khusni Fahrurrozi Kinasih, Ayuda Saridiva Kodi, Hutriana Krisdiyanto Krisdiyanto krisdiyanto, krisdiyanto Kurniawati, Aji Kusumawardhani, Ratih Lamak, Rositha Lusia Lema Lestari, Erika Sri Lestari, Septiana Ika Lianus, Jothsia Linda Ratna Wati Lista Utami Lusia Nensilya Octavia Lero Maenaka, Ardha Gunung Maha Putri, Virginia Athadhita Maria Beatrixon Sapta Maria Marsilinda Paku Marta Brona, Areza Maulana Muhammad Ferly Maulida, Alfiatula Meyzia Irestia Putri Monita B, Cantika Muhamad Imam Rusdi Muhammad Ahkam Al-Aziz Mujino Mujino Mujino Mujino Mujino Mujino Mujino Mujino Mujino Mujino, Mujino Nabila Salsabila Nadya Adelin Nina Yuliyanti Ningsih, Faturahma Novita Sari Nurindra, Nurindra Ogwu, Ibukun Yoyce Pesireron, Johannes Martin Pingky Karamoy Praduana, Veradela Restu Prahadhita Nerissa Putri Prambada Kirsaputa, Imam Pramudhita Annisa Ramadhani Pratama, Yhoga Heru Prathama Nugraha Prima Putra, Ardian Prima Sari , Pristin Prima Sari, Pristin Pristin Prima Sari Pristin Prima Sari Pristin Prima Sari Pristin Prima Sari Pristin Prima Sari Pristin Prima Sari Pristin Primasari Puspasari, Chintya Anggraini Putra, Ardian Prima Putra, Ardian Prima Putri, Aqilla Tauhidta Arla Putri, Meyzia Irestia Putri, Ulan Lestiana Rafael Erasdio Raharjo, Anisyah Rahayu Setiasri Rahayu Setiasri Rakotoarisoa Maminaina Heritiana Sedera Raras Ayu Puspitasari Ratih Kusumawardani Ratih Kusumawardhani Ratih Kusumawardhani Ratih Kusumawardhani Ratih Kusumawardhani Ratih Kusumawardhani Ratih Kusumawardhani Ratih Kusumawardhani Ratna Dwi Astuti Resti Gustika Retno Dwi Pangesti Retnodamayanti, Silvia Reza Nurrohman Ria Rahmawati Rindi Silvine Aprilia Riyana, Nita Rizka Dwi Aryati Roma, Heribetus Boli Romadhany, Desvyana Sahid Sahid Salma Andhika Puteri Sandika, Eugenius Flaviano Sangadji, Nursania Saputri, Ariska Rukma Sari, Pristin Prima Sari, Risa Puspita Savira, Betris Ardhea Selfi Anggraini Sherfina Tabatini Evany Shintya Nurhanifah Firdaus Singgih Prasetianto Soni Kurniawan Sri Hermuningsih Sri Hermuningsih Titi Juliani Tri Nurhayati Ulan Lestiana Putri Vionita Winda Mukti Wahyu Dianto Wahyudi, Renaldi Dwi Weny Fitria Wibowo, Indra Ayu Aninda Widyastuti, Meita Lulut Wiji Astuti Winata, Wulan Yerlin Claudia Sarewo Yola Astari Zakiah, Nur