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Faktor-Faktor Mempengaruhi Nilai Perusahaan Dengan Moderating Variabel Pengungkapan Csr Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (Bei) Eliza, Eliza; Zefriyenni, Zefriyenni
Menara Ilmu : Jurnal Penelitian dan Kajian Ilmiah Vol 19, No 1 (2025): Vol 19 No. 01 OKTOBER 2025
Publisher : LPPM Universitas Muhammadiyah Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31869/mi.v19i1.7119

Abstract

Penelitian ini bertujuan untuk mengkahi factor-faktor yang mempengaruhi nilai perusahaan dengan variabel moderating Corporate Social Responbility (CSR) Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia pada lima tahun terakhir yang diperoleh dari www.idx.co.id. Teknik pengambilan sampel yang digunakan adalah purposive sampling dan didapat sebanyak 59 perusahaan manufaktur sebagai sampel. Metode analisis yang digunakan adalah analisis regresi data panel. Hasil penelitian ini menunjukkan bahwa kinerja keuangan dan struktur modal secara parsial berpengaruh positif signifikan terhadap nilai perusahaan, sedangkan kinerja keuangan dan struktur modal yang di moderasi oleh Corporate Social Responbility (CSR) tidak berpengaruh signifikan terhadap nilai perusahaan. Kata Kunci: Corporate Social Responbility, Kinerja Keuangan, Nilai Perusahaan, Struktur         Modal
Pengaruh Rasio Keuangan, Ukuran Perusahaan dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan yang Dimediasi Struktur Modal Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2023 Syaharani, Nabila; Zefriyenni, Zefriyenni; Crefioza , Omia
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.v4i3.2448

Abstract

Sektor pertambangan mengalami Fluktuasi dalam beberpa tahun terakhir, yang ditandai menurunnya nilai perusahaan terjadi karena berbagai faktor yang saling berinteraksi, bersifat internal (seperti rasio keuangan, pertumbuhan perusahaan, atau struktur modal). Penelitian ini bertujuan untuk mengetahui seberapa besar pengaruh variabel rasio keuangan, ukuran perusahaan, dan pertumbuhan perusahaan secara parsial dan simultan terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening pada perusahaan sektor Pertambangan yang terdaftar di Bursa Efek Indonesia pada periode 2019 – 2023. Nilai perusahaan dikukur dengan (PBV) rasio keuangan(ROA), ukuran perusahaan(Ln), pertumbuhan perusahaan, dan struktur modal(DER), dengan menggunakan data sekunder yang diperoleh dari website resmi Bursa Efek Indonesia. Pemilihan sampel penelitian menggunakan purposive sampling dan metode analisis regresi berganda/analisis jalur. Hasil penelitian menunjukkan bahwa secara parsial variabel Rasio Keuangan dan pertumbuhan perusahaan secara parsial berpengaruh tidak signifikan terhadap Struktur Modal. Ukuran Perusahaan secara parsial berpengaruh signifikan terhadap Struktur Modal, Rasio Keuangan, pertumbuhan perushaan dan struktur modal secara parsial berpengaruh tidak signifikan terhadap Nilai Perusahaan, Ukuran Perusahaan secara parsial berpengaruh signifikan terhadap Nilai Perusahaan. Struktur modal dapat dimediasi Rasio Keuangan dan pertumbuhan perusahaan terhadap Nilai Perusahaan. Struktur modal tidak dapat dimediasi ukuran perusahaan terhadap Nilai Perusahaan.
SYSTEMATIC LITERATURE: TANTANGAN DAN INOVASI MANAJEMEN DALAM MENGELOLA PASAR MONOPOLI DI ERA GLOBAL Arafah, Zahid Nugrah; AZ, Bambang; Al Faisal, Aldi; Zefriyenni, Zefriyenni
Jurnal Daya Saing Vol. 11 No. 3 (2025): Transformasi Manajemen, Kepemimpinan, dan Pemasaran Digital di Era Ekonomi Mod
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/dayasaing.v11i3.2404

Abstract

This study presents a Systematic Literature Review (SLR) on challenges and innovations in managing monopoly markets in the global era. The research collected articles published between 2015 and 2025 from Scopus, Web of Science, Dimensions, and Google Scholar following PRISMA guidelines. Through a rigorous selection process, eleven relevant articles were selected for further analysis. The findings reveal that monopoly markets in the digital era face complex challenges in the form of tension between innovation needs and antitrust regulations, where overly strict antitrust policies potentially hinder innovation incentives for dominant companies. The development of digital platform economies further complicates this dynamic through the formation of "data monopolies" that consolidate market power through algorithm and information control. Bibliometric analysis using VOSviewer identified four main research clusters: regulatory model development, managerial approaches, digital market dynamics, and sectoral applications. This study asserts that effective monopoly market management requires an adaptive regulatory approach that not only focuses on restricting monopoly power but also encourages collaboration between government, business actors, and academics in designing evidence-based policies. The research provides theoretical and practical contributions to developing market management policies capable of maintaining balance between economic growth, consumer protection, and promotion of healthy competition in an increasingly complex digital era. Keywords: managerial economics, innovation, challenges, monopoly
Pengaruh Budaya Organisasi, Lingkungan Kerja dan Etos Kerja Terhadap Kinerja Pegawai dengan Motivasi Kerja Sebagai Variabel Intervening pada Dinas Pendidikan Provinsi Sumatera Barat Susanti, Tuti; Yulasmi, Yulasmi; Zefriyenni, Zefriyenni
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 11 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i11.9907

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This study aims to analyze the influence of organizational culture, work environment, and work ethic on work motivation and employee performance, with work motivation as an intervening variable at the Education Office of West Sumatra Province. This research employed a quantitative approach using Structural Equation Modeling - Partial Least Square (SEM-PLS). A total of 98 employees participated in this study, selected through purposive sampling techniques. The results indicate that organizational culture, work environment, and work ethic significantly affect work motivation. Furthermore, organizational culture has a positive but not significant effect on employee performance, while work environment and work ethic significantly affect employee performance. Work motivation was found to have a positive but not significant effect on employee performance. Regarding mediation, the findings reveal that organizational culture significantly affects employee performance through work motivation, and work environment significantly affects employee performance through work motivation, whereas work ethic shows a positive but not significant effect on employee performance through work motivation. These findings imply that in order to improve employee performance, the organization should pay greater attention to the work environment and work ethic directly, while also optimizing the role of work motivation as a mediator between organizational culture and work environment on employee performance.
SYSTEMATIC LITERATURE REVIEW TENTANG STRATEGI PENETAPAN HARGA DALAM EKONOMI MANAJERIAL Pranata, M. Yogi Eka; Yunanda, Andes Prayuda; Fitri, Junisa; Zefriyenni, Zefriyenni
Indo-Fintech Intellectuals: Journal of Economics and Business Vol. 5 No. 3 (2025): Indo-Fintech Intellectuals: Journal of Economics and Business (2025)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/ifijeb.v5i3.4145

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Abstract. Pricing strategy is a crucial element in managerial economics as it directly influences demand, profitability, and the competitive position of firms in the market. However, pricing decisions are highly complex since they are affected by cost structures, demand elasticity, market structure, and the dynamics of digitalization. This study aims to systematically review the literature on pricing strategies within the scope of managerial economics. The research employed a qualitative approach through a Systematic Literature Review. The findings reveal that pricing strategies can be classified into several major categories, namely price discrimination, new product pricing, pricing in established markets, and innovative pricing in the context of digitalization and e-commerce. Furthermore, technological advancement and data analytics are found to significantly shape modern pricing models. This study concludes that pricing strategy is a vital managerial tool to enhance competitiveness and business sustainability, while also highlighting opportunities for future research on the integration of big data and artificial intelligence into pricing practices. Abstrak. Penetapan harga merupakan salah satu aspek penting dalam ekonomi manajerial karena berhubungan langsung dengan permintaan, laba, serta posisi kompetitif perusahaan di pasar. Namun, strategi penetapan harga memiliki kompleksitas tinggi karena dipengaruhi oleh faktor biaya, elastisitas permintaan, struktur pasar, hingga dinamika digitalisasi. Penelitian ini bertujuan untuk meninjau secara sistematis literatur terkait strategi penetapan harga dalam ekonomi manajerial. Metode penelitian menggunakan pendekatan kualitatif dengan Systematic Literature Review. Hasil kajian menunjukkan bahwa strategi penetapan harga dapat dikategorikan ke dalam beberapa pendekatan utama, yaitu diskriminasi harga, penetapan harga produk baru, strategi harga di pasar mapan, serta inovasi harga dalam konteks digital dan e-commerce. Selain itu, ditemukan bahwa perkembangan teknologi dan analisis data memberikan kontribusi signifikan terhadap model penetapan harga modern. Kesimpulan penelitian ini menegaskan pentingnya strategi harga sebagai instrumen manajerial untuk meningkatkan daya saing dan keberlanjutan bisnis, sekaligus membuka peluang penelitian lanjutan mengenai integrasi big data dan kecerdasan buatan dalam praktik penetapan harga.
Pengembangan E-Commerce di Era Digitalisasi pada UMKM Produk Kale Kota Padang Panjang Eliza, Eliza; Hadi, Febri; Zefriyenni, Zefriyenni
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 5 No. 2 (2024): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN)
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v5i2.3342

Abstract

UMKM Produk Kale melalui KWT Pedagang Sayur Keliling Kota Padang Panjang Sumatera Barat berdiri sejak tahun 2013 memiliki permasalahn terkait mengembangkan UMKM ini untuk lebih dikenal dan banyak manfaatnya bagi kesehatan, artinya pengembangan kemampuan sebagai entrepreneur yang memiliki UMKM agar dapat berkembang di masa yang akan datang. Oleh karena itu, penting dilakukan Pengabdian Kepada Masyarakat (PKM) ini, guna memecahkan masalah tersebut. Target (secara khusus) dari pengabdian ini adalah memberikan  solusi melalui sosialisasi berbentuk pelatihan dan juga pementoran berbasis digital tentang jiwa sociopreneurship berbasis e-commerce di era literasi digital dari UMKM ini. Tujuan dengan adanya program ini adalah memberikan pemahaman tentang kemampuan berwirausaha dengan hasil yang inovatif dari UMKM Minuman Kale, mengedukasi dalam memanfaatkan peluang yang ada dengan penggunaan e-commerce di era literasi digital yang berkembang pesat saat ini agar mampu meningkatkan kesejahteraan, bukan hanya dari sisi materil, namun kesejahteraan pola pikir kreatif, inovatif dan mandiri. Hasil dari program ini antara lain, yaitu UMKM ini dapat membentuk jaringan yang lebih besar lagi dengan memanfaatkan e-commerce berbasis literasi digital yang ada, seperti: facebook, instagram, whatsapp, serta digitalisasi lainnya yang semakin berkembang saat ini dan yang akan datang.
Gaya Kepemimpinan, Motivasi, dan Kepuasan Kerja: Dampaknya terhadap Kinerja Pegawai Dinas Pariwisata Kabupaten Kerinci: Leadership Style, Motivation, and Job Satisfaction: Their Impact on Employee Performance at the Tourism Office of Kerinci Regency Saputra, Aldi; Yulasmi, Yulasmi; Zefriyenni, Zefriyenni; Zasriati, Masrida
Al Dzahab Vol. 6 No. 2 (2025): Al Dzahab: Journal of Economics, Management, Business and Accounting
Publisher : Institut Agama Islam Negeri Kerinci

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32939/dhb.v6i2.5035

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Purpose: This study aims to analyze the role of leadership and motivation in improving employee performance and to examine the role of job satisfaction as a mediating variable. Design/Methodology/Approach: This research employed a quantitative causal approach with data collected through questionnaires. The study involved 50 respondents determined using a saturated sampling method. The analytical technique applied was Structural Equation Modeling (SEM) with a Partial Least Squares (PLS) approach. Findings: The results reveal that leadership style has a positive and significant effect on job satisfaction, and work motivation also has a positive and significant effect on job satisfaction. Furthermore, leadership style significantly and positively influences employee performance, as does work motivation. However, job satisfaction shows a negative and insignificant effect on employee performance. In addition, job satisfaction does not mediate the relationship between leadership style and employee performance, nor between work motivation and employee performance. Research Implications: The findings highlight the importance of effective leadership and strong work motivation in enhancing employee performance in the public sector, particularly at the Kerinci Tourism Office. Nevertheless, job satisfaction does not serve as an effective mediating factor in strengthening these relationships. Therefore, organizations need to design participative leadership strategies and more targeted motivation policies to improve employee productivity.
SYSTEMATIC LITERATURE REVIEW MENGENAI PERAMALAN PERMINTAAN UNTUK PENGAMBILAN KEPUTUSAN MANAJERIAL Mustika, Rony; Lestari, Ariya Nyepi; Zefriyenni, Zefriyenni
Diklat Review : Jurnal manajemen pendidikan dan pelatihan Vol. 9 No. 2 (2025): Inovasi Pengembangan UMKM, Penguatan SDM, dan Transformasi Berbasis Teknologi u
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/diklatreview.v9i2.2400

Abstract

This study presents a Systematic Literature Review (SLR) on demand forecasting and its role in managerial decision-making. Articles published between 2015 and 2025 were collected from Scopus, Web of Science, Dimensions, and Google Scholar using Publish or Perish software. Following PRISMA guidelines, eleven relevant studies were selected. Findings reveal that traditional time series methods such as ARIMA and exponential smoothing are still widely applied, while machine learning and hybrid models are increasingly used for higher accuracy in complex demand patterns. Bibliometric analysis with VOSviewer identified four main research clusters: model development, forecasting methods, managerial approaches, and sectoral applications. The study concludes that demand forecasting is not only a technical tool but also a strategic instrument to enhance managerial decision-making. Keywords: decision-making, demand forecasting, machine learning, managerial economics, systematic literature review.
DAMPAK PERUBAHAN KURS RUPIAH,LAJU INFLASI DAN FLUKTUASI KURS VALUTA ASING PADA PEFORMA INDEK HARGA SAHAM SYARIAH INDONESIA (ISSI) Mary, Hilda; Elly Octaviani, Annisa; Sari, Laynita; Elfiswandi, Elfiswandi; Zefriyenni, Zefriyenni
Jurnal Ekonomi Manajemen Sistem Informasi Vol. 2 No. 5 (2021): Jurnal Ekonomi Manajemen Sistem Informasi (Mei 2021)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/jemsi.v2i5.468

Abstract

Penelitian ini bertujuan untuk mengetahui seberapa besar pengaruh kurs rupiah, laju inflasi dan kurs valuta asing pada peforma indeks harga saham syariah Indonesia dengan kajian Jakarta Islamic indek (JII). Metode pengumpulan sampel dengan menggunakan purposive sampling, dengan jumlah sampel sebanyak 27 perusahaan yang terdaftar di Jakarta Islamic indek. Metode analisis yang digunakan adalah adalah regresi linear berganda dan menggunakan data runtut waktu (Time Series) dengan pendekatan Error Correction Model (ECM). Hasil penelitian yang didapatkan berdasarkan Uji Parsial (Uji t) diperoleh : (a) Tidak terdapat pengaruh dan signifikan variabel Perubahan kurs rupiah terhadap Harga saham syariah (b) Tidak terdapat pengaruh dan signifikan variabel Laju inflasi terhadap Harga saham syariah (c) Tidak terdapat pengaruh dan signifikan variabel Fluktuasi kurs valuta asing terhadap Harga saham syariah (d) Terdapat pengaruh dan signifikan variabel Perubahan kurs rupiah, Laju inflasi dan Fluktuasi kurs valuta asing terhadap Harga saham syariah.
Employee Performance: Workload, Compensation and Employee Placement with Motivation as an Intervening Variable at the Pengadilan Tinggi Padang Ayu Mardhiyah, Putri; Pawirosumarto, Suharno; Zefriyenni, Zefriyenni
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 4 (2024): Dinasti International Journal of Economics, Finance & Accounting (September - O
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i4.3380

Abstract

This study aims to identify the impact of Workload, Compensation and Employee Placement on Employee Performance through Motivation as an intervening variable at the Pengadilan Tinggi Padang. The research method employed involves sampling from a population of 114 employees at the Pengadilan Tinggi Padang, consisting of 94 Civil Servants (PNS) and 20 Non-PNS employees. From this population, a sample of 94 Civil Servants was selected for the study. Primary data was collected through questionnaires distributed to the 94 respondents. Data analysis was performed using SmartPLS 4 with Partial Least Squares (PLS) based Structural Equation Modeling (SEM). The results of this study indicate that: (1) Workload has a positive and significant effect on Motivation. (2) Compensation has a positive and significant effect on Motivation. (3) Employee Placement has a positive but not significant effect on Motivation. (4) Workload has a negative and significant effect on Employee Performance. (5) Compensation has a positive but not significant effect on Employee Performance. (6) Employee Placement has a positive and significant effect on Employee Performance. (7) Motivation has a positive and significant effect on Employee Performance. (8) Workload has a positive but not significant effect on Employee Performance through Motivation as an intervening variable. (9) Compensation has a positive and significant effect on Employee Performance through Motivation as an intervening variable. (10) Employee Placement has a positive but not significant effect on Employee Performance through Motivation as an intervening variable. (11) The contribution of Workload, Compensation, and Employee Placement to Motivation is 0.454 or 45.4%, while the remaining is influenced by other variables not examined in this study. (12) The contribution of Workload, Compensation, Employee Placement, and Motivation to Employee Performance is 0.449 or 44.9%, while the remaining is influenced by other variables not examined in this study.