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All Journal Syntax Literate: Jurnal Ilmiah Indonesia Jurnal Menara Ekonomi : Penelitian dan Kajian Ilmiah Bidang Ekonomi Community Engagement and Emergence Journal (CEEJ) Management Studies and Entrepreneurship Journal (MSEJ) Open Access Indonesia Journal of Social Sciences Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences ARSY : Jurnal Aplikasi Riset kepada Masyarakat Open Access Indonesia Journal of Social Sciences International Journal of Educational Review, Law And Social Sciences (IJERLAS) Jurnal Ekonomi Multidiciplinary Output Research for Actual and International Issue (Morfai Journal) Jurnal Pengabdian Ilmu Kesehatan Zona Manajerial: Program Studi Manajemen (S1) Universitas Batam International Journal of Economics and Management Research Journal of Artificial Intelligence and Digital Business International Conference on Health Science, Green Economics, Educational Review and Technology (IHERT) Jurnal Pengabdian Ibnu Sina International Journal of Management Research and Economics Jurnal Hukum Bisnis Jurnal Pendekar Nusantara MARAS : Jurnal Penelitian Multidisplin Management Studies and Business Journal Digital Innovation : International Journal Of Management Green Inflation: International Journal of Management And Strategic Business Leadership International Journal of Law and Society Journal of International Islamic Law, Human Right and Public Policy Masyarakat Berkarya: Jurnal Pengabdian dan Perubahan Sosial Ecoducation Management Dynamics: International Journal of Management and Digital Sciences International Journal of Economics and Management Research Global Economics: International Journal of Economic, Social and Development Sciences Jurnal Pengabdian Ilmu Kesehatan
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THE IMPACT OF CAPITAL STRUCTURE ON FIRM VALUE WITH PROFITABILITY AS A MODERATING VARIABLE: EVIDENCE FROM CONSUMER GOODS COMPANIES LISTED ON INDONESIA STOCK EXCHANGE Benni Sumarman; Etty Sri Wahyuni
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 2 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

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

Abstract

This study investigates the impact of capital structure on firm value with profitability as a moderating variable in consumer goods companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2023. Utilizing signaling theory and trade-off theory as the theoretical framework, this research examines whether the relationship between capital structure and firm value is contingent upon the level of profitability. The sample comprises 35 consumer goods companies selected through purposive sampling, resulting in 175 firm-year observations. Capital structure is measured using Debt to Equity Ratio (DER), firm value is proxied by Price to Book Value (PBV), and profitability is measured using Return on Assets (ROA). The analytical method employed is Moderated Regression Analysis (MRA) with panel data regression using EViews 13. The findings reveal that capital structure has a significant negative effect on firm value. Furthermore, profitability significantly strengthens the negative relationship between capital structure and firm value. These results suggest that highly profitable firms experience greater value deterioration when employing higher leverage. The findings contribute to the existing literature by providing empirical evidence on the moderating role of profitability in emerging market contexts and offer practical implications for corporate financial decision-making.
STRENGTHENING ELECTORAL INTEGRITY IN THE CONTEXT OF SPECIAL ECONOMIC ZONES: A LEGAL STUDY ON REGIONAL HEAD ELECTION GOVERNANCE IN BATAM CITY Erniyanti; Markus Gunawan; M. Tartib; Etty Sri Wahyuni
Journal of International Islamic Law, Human Right and Public Policy Vol. 4 No. 1 (2026): March
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59733/jishup.v4i1.179

Abstract

This study examines the legal framework governing electoral integrity in regional head elections (Pilkada) in Batam City, a unique administrative region with dual status as both a Free Trade Zone (FTZ) and Special Economic Zone (SEZ). The research addresses the intersection of electoral law, decentralization policies, and special economic governance that creates distinctive challenges for democratic processes. Using normative legal research methodology with statutory, conceptual, and comparative approaches, this study analyzes how the overlapping regulatory frameworks between Law Number 7 of 2017 on General Elections, Law Number 10 of 2016 on Regional Elections, and Government Regulation Number 4 of 2025 on Batam FTZ affect electoral governance and integrity. The findings reveal that Batam faces unique electoral challenges stemming from its heterogeneous population composition, high labor mobility, complex institutional arrangements between Batam Concession Agency (BP Batam) and Batam City Government, and susceptibility to money politics due to economic disparities. This research proposes a legal framework for strengthening electoral integrity through enhanced voter registration mechanisms, improved election supervision coordination, and integrated governance between electoral management bodies and special zone authorities. The study contributes to the scholarly discourse on electoral democracy in special jurisdictions and offers policy recommendations for harmonizing economic zone governance with democratic electoral principles.
Pengembangan Aplikasi Lelang Hasil Laut Di Kepulauan Riau Wahyuni, Etty Sri; Aspan, Henry; Fadlan, Fadlan; Rumengan, Angelina E.; Ramadhan, Faris; Wahyuni, Sri; Putra, Randi Rian
Community Engagement and Emergence Journal (CEEJ) Vol. 4 No. 3 (2023): 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.v4i3.3714

Abstract

Pengembangan aplikasi lelang hasil laut untuk nelayan bertujuan untuk menyelesaikan permaslaahan DUDI dalam pelaksanaan operasional usahanya dalam mengekspor hasil laut ke berbagai negara. Penelitian ini dilakukan di kepulauan riau, dikarenakan hampir 96 % dari wilayah kepulauan riau merupakan perairan. Peranan nelayan bagi perekonomian masyarakat pesisir merupakan roda bagi perputaran ekonomi masyarakat. Keterbatasan akan akses untuk memperluas kegiatannya menjadi faktor utama yang membuat produk-produk mereka sulit untuk dikenal di luar Kepualuan Riau. Akses yang dimaksud adalah wadah yang mampu membantu masyarakat pesisir untuk belajar dan memfasilitasi masyarakat untuk memperbaiki kualitas produk agar layak untuk di ekspor. Hasil yang diperoleh dalam pelaksanaan kegiatan ini berupa Aplikasi Ekspor Pedia berbasis android dan IOS, MoU antara perguruan tinggi dan Mitra, Pembentukan inkubator Bisnis, downloader, HKI merek dan Cipta, terdapat banyak kendala dalam pelaksanaan kegiatan diantaranya sulit dalam mencari informasi dasar pelaksanaan program diakibatkan oleh lokasi yang dituju berada di luar pulau Batam, selain itu terdapat beberapa kendala terkait waktu pelaksanaan program yang singkat, dan masalah SDM yang belum maksimal. Dengan adanya program ini tidak hanya DUDI, masyarakat juga mendapat manfaat langsung dalam hal peluang mengembangkan usahanya.
Pengaruh Pemasaran Digital Terhadap Keputusan Pembelian dengan Citra Merek sebagai Variabel Mediasi Tarigan, Rajutawan Riki Maruli Tua; Wahyuni, Etty Sri; Ari Prabowo; Mauliza, Putri
MARAS : Jurnal Penelitian Multidisiplin Vol. 4 No. 1 (2026): MARAS : Jurnal Penelitian Multidisiplin, Maret 2026
Publisher : Lumbung Pare Cendekia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60126/maras.v4i1.1503

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh pemasaran digital terhadap keputusan pembelian konsumen Fore Coffee di Kota Medan dengan citra merek sebagai variabel mediasi. Metode penelitian yang digunakan adalah kuantitatif dengan pendekatan survei. Populasi dalam penelitian ini adalah seluruh konsumen Fore Coffee di Kota Medan, dengan sampel sebanyak 100 responden yang ditentukan menggunakan teknik purposive sampling. Pengumpulan data dilakukan melalui kuesioner dengan skala Likert 1-5. Teknik analisis data menggunakan Partial Least Squares Structural Equation Modeling (PLS-SEM) dengan bantuan software SmartPLS 4.0. Hasil penelitian menunjukkan bahwa: (1) pemasaran digital berpengaruh positif dan signifikan terhadap citra merek; (2) pemasaran digital berpengaruh positif dan signifikan terhadap keputusan pembelian; (3) citra merek berpengaruh positif dan signifikan terhadap keputusan pembelian; dan (4) citra merek memediasi secara parsial pengaruh pemasaran digital terhadap keputusan pembelian konsumen Fore Coffee di Kota Medan.
Digital Transformation and Gen Z Employee Performance: Digital Literacy As Mediator Nurhatisyah, Nurhatisyah; Wahyuni, Etty Sri; Dewi, Nolla Puspita
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.6360

Abstract

Generation Z, as digital natives comprising approximately 27.94% of Indonesia's population, is rapidly entering the workforce and becoming a significant force in the manufacturing sector. This study investigates the effect of digital transformation on Generation Z employee performance with digital literacy as a mediating variable in manufacturing industries within the Batam Special Economic Zone (SEZ). Batam, strategically positioned near Singapore, is undergoing rapid digital transformation with the development of 10 data centers in Nongsa Digital Park and the adoption of AI-based smart factories. Using a quantitative approach with a survey method, this study collected data from 312 Generation Z employees (born 1997-2012) working in manufacturing companies across Batam's industrial estates. Data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with Smart PLS 4.0. The findings reveal that: (1) digital transformation has a positive and significant effect on employee performance (β = 0.356, p < 0.001); (2) digital transformation has a positive and significant effect on digital literacy (β = 0.674, p < 0.001); (3) digital literacy has a positive and significant effect on employee performance (β = 0.445, p < 0.001); and (4) digital literacy partially mediates the relationship between digital transformation and employee performance (β = 0.300, p < 0.001). The total effect of digital transformation on employee performance is 0.656, with 45.7% transmitted through digital literacy. These findings provide theoretical contributions to understanding the digital transformation-performance nexus among Generation Z employees and offer practical implications for human resource management strategies in optimizing digital initiatives in manufacturing contexts.
The Complexity to Support Civil Servant Performance As a Public Organization in Local Government: Bibliometric Analysis Nolla Puspita Dewi; Elly Rumengan; Etty Sri Wahyuni
Global Economics: International Journal of Economic, Social and Development Sciences Vol. 2 No. 1 (2025): March: Global Economics - International Journal of Economic, Social and Develop
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/globaleconomics.v2i1.224

Abstract

The local government management system is expected to focus on increasing accountability and, at the same time, improving civil servant performance that is oriented toward outcomes. This research aims to conduct a bibliometric examination of local government civil servant performance. This study analyzed 439 articles published from 2013 until July 2022 in the Scopus database on civil servant performance in government. The VosViewer program was utilized in the process of analyzing to find results on the most contributing authors, the number of citations, areas, organizations, publications, and co-occurrences of keywords. These results could create new gaps in the research that will be conducted in the future. The result shows civil servant performance relies on appraisal and work environment improvement. A conducive environment fosters mutual assistance, open communication, and conflict resolution, ultimately improving employee performance and fostering better relationships. Also, performance analysis is crucial for public administration and the public sector.
Determinan Kebijakan Dividen di Real Estate: Studi Pengaruh Kepemilikan Manajerial, Profitabilitas, dan Utang pada Perusahaan Terdaftar BEI: Determinants of Dividend Policy in Real Estate: A Study of the Influence of Managerial Ownership, Profitability, and Debt on IDX Listed Companies Wahyuni, Etty Sri; Faozanzen, Bagus Prasetya; Raymond, Raymond
Economic and Education Journal (Ecoducation) Vol. 8 No. 1 (2026): Economic and Education Journal (Ecoducation)
Publisher : Pendidikan Ekonomi, Universitas Insan Budi Utomo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33503/ecoducation.v8i1.2459

Abstract

Perusahaan properti dan real estate sangat bergantung pada pembiayaan eksternal untuk berkembang, sehingga kebijakan dividen sangat penting untuk membuat keputusan strategis. Sangat penting bagi manajemen untuk membuat keputusan terbaik tentang alokasi laba dan memberikan sinyal yang baik kepada investor dengan memahami komponen yang mempengaruhi kebijakan dividen. Tujuan dari penelitian ini adalah untuk mempelajari bagaimana kebijakan dividen dipengaruhi oleh kebijakan utang, profitabilitas, dan kepemilikan manajerial pada perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020–2023. Penelitian ini menggunakan pendekatan kuantitatif yang terkait dengan analisis regresi linier berganda dan dilakukan menggunakan program SPSS versi 27. Dipilih melalui purposive sampling dari 13 perusahaan yang memenuhi kriteria penelitian, yang menghasilkan 52 data panel. Dalam penelitian ini, ketiga variabel ini memberikan pengaruh yang signifikan terhadap kebijakan dividen: kepemilikan manajer dengan persentase kepemilikan saham manajemen, profitabilitas dengan Return on Equity, dan kebijakan utang dengan rasio utang ke ekuitas. Hasilnya menunjukkan bahwa kepemilikan manajerial dan profitabilitas berpengaruh positif dan signifikan terhadap kebijakan dividen, sedangkan kebijakan utang tidak memiliki pengaruh yang signifikan. Studi ini menegaskan bahwa profitabilitas dan kepemilikan manajerial adalah komponen penting dalam penetapan kebijakan dividen di industri.
Co-Authors Adnan Suhardis Alviani, Maylan Amalia, Lisa Ami Natuz Zahara Ami Natuz Zahara Amir, Jihan Anggra Priyansah Ari Prabowo Arta Lubis, Juli Asnira Asnira Baehaqi Bagus Prasetya Faozanzen BAMBANG SATRIAWAN Basri Basri Basri Benni Sumarman Casandra Casandra Chablullah Wibisono Christoppher Sihombing, Adriel Dahlan Dahlan Darwis Anatami Dewi, Nolla Puspita Dorris Yadewani Elly Rumengan Ely Kurniawati Fadlan Fadlan Faisal, Yusuf Fajri Suharsad Putra, Aidil Faozanzen, Bagus Prasetya Fearl, Ferren Gibran Kahar, Kahil Grace Tama Rosalinda Gunawan, Dahlan Hariyanto, Mulyadi Dwi Henny Saida Flora Henry Apan Henry Aspan Ika Novita Sari Indawati Lestari INDRAYANI INDRAYANI Ivan, Julyan Nur Jihad, Kaspol Lestari, Dian Mahardi M. Tartib Markus Gunawan Mega Kurnia Mercy Reyne Marlina Tirayoh Mohammad Arief El Habibie Muhammad Arief El Habibie Muhammad Juang Rambe Muhammad Ridho Nelwan, Gyhond Ngaliman Ngaliman Ngaliman, Ngaliman Nureska Yanuar Firdaus Nurhatisyah Nurhatisyah Parroha Patar Siadari, Lagat Pipit Buana Sari Prasida Yunita Putra, Randi Rian Putra, Tri Wildan Rosyadi Putri Mauliza Putri Mauliza, Putri Ramadana, Marsyah Ramadhan, Faris Raymond Raymond Raymond Raymond Rizki Hidayat Rizki Hidayat Robin Rozaini Rozaini Binti Rosli Rozaini Rosli Rumengan, Angelina E. Rumengan, Angelina Eleonora Satriawan, Bambang Silvia Mona Sri Wahyuni Sri Yanti Sri Yanti Surya Bakti Susanti Susanti Susanti Susanti Suwalla, Nicha Tanjung, Yahya Tarigan, Rajutawan Riki Maruli Tua Tarigan, Tegar Dermawan Tartib, Muhammad Windayati, Diana Titik Yossie Rossanty Zafira, Naila