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All Journal Jurnal Manajemen Magister Darmajaya IJEBD (International Journal Of Entrepreneurship And Business Development) TIJAB (The International Journal of Applied Business) Abdimas Umtas : Jurnal Pengabdian kepada Masyarakat MABIS: Manajemen dan Bisnis Ilomata International Journal of Tax and Accounting Dinasti International Journal of Digital Business Management Journal of Education and Teaching Learning International Journal of Business, Economics, and Social Development Jurnal Publika Pengabdian Masyarakat Jurnal Inspirasi Binsis dan Manajemen Pena Nursing Jurnal Pintar Pengabdian dan Pemberdayaan Masyarakat
Mardiyani Mardiyani
Univeristas Swadaya Gunung Jati
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Nursing Social Sciences Other

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The Impact of Investment Decisions, Funding Strategies, and Financial Performance on Firm Value: The Moderating Role of GCG Erpina, Evi; Budhiarto, Ahmad Rizal; Mardiyani, Mardiyani
Ilomata International Journal of Tax and Accounting Vol. 6 No. 2 (2025): April 2025
Publisher : Yayasan Ilomata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijtc.v6i2.1693

Abstract

This study aims to analyze the impact of investment decisions, funding strategies, and financial performance on firm value in the Indonesian banking sector, while examining the moderating role of Good Corporate Governance (GCG) using Moderated Regression Analysis (MRA). Data were collected from banking companies listed on the Indonesia Stock Exchange (IDX) during 2019–2023 through purposive sampling. The analysis was conducted using MRA to examine the relationships between the independent variables (investment decisions, funding strategies, and financial performance), the dependent variable (firm value), and the moderating interactions of GCG. The results show that investment decisions have an effect but are not significant on firm value, while funding strategies and financial performance have a significant influence. The key finding from the moderation analysis reveals that GCG strengthens the relationship between financial performance and firm value. However, GCG fails to moderate the relationship between investment decisions and firm value, as well as between funding strategies and firm value. The implications of this study emphasize the importance of implementing GCG to enhance firm value through optimizing funding strategies and improving financial performance. For practitioners, these findings encourage the integration of GCG principles into financial decision-making. At the same time, for regulators, the results can serve as a basis for formulating policies that support better GCG implementation in the banking sector. For academics, this research provides a foundation for further studies on factors influencing firm value and the role of GCG across various industries
Analysis of Current Ratio and Debt to Equity Ratio on Return On Assets with Company Size as a Moderating Variable Mardiyani, Mardiyani; Maiyaliza, Maiyaliza; Hidayat, Rahmat Rian; Pramudya, Muhammad Dwika
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 8 No 2 (2025): March 2025
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v8i2.3226

Abstract

Objective: This study’s aim is to do an analysis on the effect of current ratio along with debt to equity ratio on return on assets in the property and real estate sub-sector that is on Indonesia Stock Exchange’s (IDX) list during 2020-2023, with the moderating variable being company size. Design/Methodology/Approach: Quantitative research methods were implemented for this study, with a causal associative approach. Moderated Regression Analysis (MRA) was applied as the technique for data analysis, with Eviews statistical software utilized. Findings: The findings revealed that current ratio as well as debt to equity ratio impact return on assets significantly. This means that an increased liquidity, along with the proportion of debt can reduce the efficiency and profitability of the company. Company size strengthens the effect by functioning as a moderating variable. Research Implications: This research only focuses on the real estate and property sub-sector that is on IDX’s list during 2020-2023. Therefore, this study’s results may not be generalizable to different sectors or periods. Practical Implications: Investors and company management can use this study’s results as a basis for financial decision-making, particularly in managing liquidity as well as leverage for increased profitability. Originality/Value: New insights are provided by this study into company size’s role as the moderating variable for the relationship between leverage, liquidity, along with profitability, especially in the real estate and property sector. Types of Papers: Research paper.
The role of financial literacy and self-control: risky credit behavior in using paylater Rismaya, Rismaya; Ullum, Miftahul; Mardiyani, Mardiyani
Manajemen dan Bisnis Vol 24, No 2 (2025): September 2025
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/mabis.v24i2.913

Abstract

In an increasingly digital era, credit is more accessible, which can potentially lead to risky credit behavior. It is to analyze how financial technology and financial literacy influence risky credit behavior where self-control is a mediating variable. The research method uses quantitative research, causal associative research type the total sample size is 150 respondents. Data gathered was carried out by distributing online questionnaires and then analyzed with PLS-SEM. The results stated that financial technology and financial literacy significantly affect risky credit behavior. Meanwhile, the mediating variable that strengthens the correlation between fintech and risky credit behavior is self-control. This indicates that financial literacy and self-control are very influential in minimizing the negative impact of using financial technology such as PayLater, namely risky credit behavior. There is a need to increase financial literacy among Pay Later users and education related to self-control in using digital credit services to reduce the occurrence of risky credit behavior.
Analysis Stock Price: Earnings per Share as Moderating Variable Wicaksono, Fajrin; Aminah, Mina Siti; Sopiani, Lia; Mardiyani, Mardiyani
International Journal of Business, Economics, and Social Development Vol. 5 No. 1 (2024)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i1.593

Abstract

This study seeks to determine the influence of moderating factors on the company's financial performance on the stock price in the consumer cyclical sector, such as current ratio, debt-to-equity ratio, return on equity, and earnings per share. The study's population consisted of industrial enterprises in the consumer cyclical sector sourced from the 2020–2022 Indonesia Stock Exchange website. Purposive sampling was used to acquire 31 firms for the study. Multiple regression and moderate regression analyses are data analysis procedures where Stata 17 software is used for data processing. Furthermore, this analysis assumes that the debt-to-equity ratio, return on equity, and current ratio affect stock prices. The debt-to-equity ratio, return on equity, and current ratio are all impacted by earnings per share. Stock prices might be impacted by it as well. Data analysis indicates that although the debt-to-equity and current ratios do not affect stock prices, the return on equity does. If profits per share rise, stock prices may be less impacted by debt-to-equity and current ratios. Earnings per share cannot moderate the Return on Equity on stock prices.
Fundamental Factors Bond Ratings: Modified Jones Model as Mediating Variable Setiawati, Lilis; Putri, Uus Meilia; Mardiyani, Mardiyani
International Journal of Business, Economics, and Social Development Vol. 5 No. 2 (2024)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i2.596

Abstract

The Study aims to ascertain how the debt-to-equity ratio, earnings management, and current ratio affect bond ratings in corporate businesses assessed by PT. PEFINDO 2020–2022 and listed on the Indonesia Stock Exchange. The reason earnings management is used as mediation in this research is a novelty from previous research, where earnings management is rarely used. The earnings management model used by the Jones modified has a higher level of accuracy compared to previous models, where the measurement is through revenue recognition which has the highest accuracy. Apart from that, many companies use earnings management practices so that the company's finances look good to investors, so the company will get new investors. In this study, 135 sample bond types that fit the predefined criteria were obtained from 26 organizations using purposive sampling with several preset criteria. Data analysis methods were uses path analysis techniques with the Lisrel program version 8.8 to analyze the available bond types. This study suggests that earnings management does not mediate between bond ratings and the current ratio. In particular, bond ratings are significantly impacted by the current ratio, the debt-to-equity ratio does not strongly impact earnings management, and bond ratings are not significantly affected by earnings management.
An Examination The Factors Of Share Investment Decisions : The Mediating Role Of Behavioral Finance Cirebon Society Sugianto, Alya Nurlaella; Mardiyani, Mardiyani
International Journal of Business, Economics, and Social Development Vol. 6 No. 1 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.878

Abstract

This study aims to analyze the effect of financial literacy, financial technology, on stock investment decisions in the millennial generation in Cirebon Regency, with financial behavior as a mediating variable. This research uses a quantitative approach with a causal associative method. The research sample of 150 respondents was taken using purposive sampling technique. The data analysis technique uses statistical methods with Partial Least Squares-Structural Equation Modeling (PLS-SEM) with the Smart-PLS 4 application. The results showed that financial literacy has no direct effect on stock investment decisions. Meanwhile, financial technology has a significant influence on investment decisions, due to easy access and innovative features that facilitate decision making. Financial literacy and financial technology also have a significant effect on financial behavior, where individuals with good financial understanding are better able to manage finances efficiently. Financial behavior is proven to be able to mediate the effect of financial literacy and financial technology on stock investment decisions. The conclusion of this study emphasizes the importance of improving financial literacy and utilizing financial technology to support healthy financial behavior, so that millennials can make smarter investment decisions. The results show that the ease of access offered by financial technology, along with healthy financial behavior, are key factors that encourage millennials to invest in the stock market. Therefore, efforts are needed to improve financial literacy, develop innovations in financial technology, and encourage the formation of good financial habits to increase the participation of millennials in the capital market.
AFFECTING FACTORS STOCK PRICE: EARNINGS PER SHARE AS MODERATING VARIABLE Mardiyani, Mardiyani
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 7 No 2 (2024): March 2024
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v7i2.2678

Abstract

Purpose: Determine how financial measures affect stock prices using the Earnings Per Share mediation variable. Design/methodology/approach: Research methodologies using quantitative techniques. The study population consisted of consumer cyclical companies listed on the Indonesia Stock Exchange between 2020 and 2022. Deliberate selection methods were used in the selection of these firms. The study used Moderated Regression Analysis Test using SPSS software version 29. Findings: Earnings per share acts as a mediator between the stock price and the debt-to-equity ratio, however Earnigs Per Share cannot considerably alter the stock price or lessen the impacts of return on assets. Research limitations/implications: Small sample, short periods, companies neglect operational assets. Practical implications: The Effects of Stock Price and Earnings Per Share with a Moderate Debt to Equity Ratio. Originality/value: Empirical evidence indicates that profits per share mediate between the influence of debt policy and stock prices. Paper type: Research Paper
Pemberdayaan Masyarakat dalam Menciptakan Lingkungan Bersih, Hijau, dan Produktif di Desa Tawangsari Kec. Losari Kab. Cirebon Mardiyani, Mardiyani
Jurnal Pintar Abdimas Vol 5 No 1 (2025): Volume 5 Nomor 1 Tahun 2025
Publisher : Lembaga Pengabdian Masyarakat Universitas Swadaya Gunung Jati

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

Abstract

Pelaksanaan Pengabdian Kepada Masyarakat (PKM) Universitas Swadaya Gunung Jati Cirebon di Desa Tawangsari, Kecamatan Losari, Kabupaten Cirebon, bertujuan untuk memberdayakan masyarakat dalam menciptakan lingkungan yang bersih, hijau, dan produktif. Kegiatan ini dilaksanakan pada 04 Agustus hingga 08 September 2021 dengan pendekatan analisis dan observasi lapangan. Tim PKM berhasil memberikan solusi berbentuk inovasi dan pengetahuan yang diperoleh dari bangku kuliah, yang berdampak positif dalam meningkatkan kualitas hidup masyarakat. Program pemberdayaan ini melibatkan partisipasi aktif masyarakat dalam menjaga kebersihan dan memanfaatkan potensi alam yang ada. Metode pelaksanaan kegiatan mencakup pelatihan, sosialisasi, dan kerja sama dengan masyarakat untuk mendukung tercapainya tujuan tersebut. Hasil yang diperoleh menunjukkan adanya peningkatan kesadaran masyarakat terhadap pentingnya lingkungan bersih dan produktif, serta terjalinnya kekompakan antara tim PKM dan masyarakat. Penelitian ini memberikan wawasan penting bagi pengembangan inisiatif pemberdayaan masyarakat serupa di daerah pedesaan di seluruh Indonesia dan negara berkembang lainnya, menunjukkan efektivitas kemitraan universitas-masyarakat dalam mencapai pembangunan lingkungan dan ekonomi yang berkelanjutan. Kesimpulannya, kegiatan PKM berjalan lancar dan memberikan manfaat nyata bagi masyarakat. Saran untuk Tim PKM adalah agar lebih disiplin dan saling menghargai antar anggota, serta memperpanjang durasi PKM agar kegiatan lebih efektif. Saran untuk perguruan tinggi adalah agar program PKM dilaksanakan lebih dari tiga puluh lima hari untuk meningkatkan hasil dan dampak kegiatan yang lebih maksimal.
Factors Influencing Mortgage Decision Making: Financial Inclusion as Mediation Variable Putra, Albiansyah Margana; Ikka Nabila; Mardiyani, Mardiyani
TIJAB (The International Journal of Applied Business) Vol. 9 No. 2 (2025): NOVEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/tijab.v9.I2.2025.71102

Abstract

Background: Indonesia is a developing country with low social welfare. Its small per capita income level, high consumptive spending, and high property prices make decent housing difficult, which is an important factor in our research. Objective: This research aimed to comprehensively examine the factors that affect Mortgage Decision-Making among people in Cirebon Regency. Method: Data was collected on the community in Cirebon City through a survey using a Google Form distributed to respondents online and offline. A causal associative method was implemented for this research, with a sample of 190 respondents chosen from purposive sampling, with the criteria of having previously taken out or planning to take out a Home Ownership Credit. SEM-PLS version 3.0 was utilized for data analysis. Results: The research findings revealed that Financial Literacy does not significantly influence Mortgage decision-making, while Financial Planning does. The other findings indicated that Financial Inclusion cannot mediate the relationship between Financial Literacy and Financial Planning on Mortgage Decision-Making. Conclusion: Financial inclusion is an indicator of financial literacy and financial planning. It can be proven that other factors, such as social factors, community psychology, and community confidence, must be improved in reaching a mortgage credit decision. The role of the government is also very important in this case; providing learning about financial literacy is one alternative to increasing public awareness. Keywords: Financial Literacy; Financial Planning, Financial Inclusion, Mortgage Decisions, Home Ownership Credit
The Effect of Debt to Equity Ratio and Total Asset Turnover on Return On Asset in Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange in the Period 2021-2023 Mardiyani, Mardiyani; Komara, Acep; Adella, Resso Panji; Audah, Taufan
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 8 No 6 (2025): November 2025
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v8i6.3460

Abstract

Purpose: The research effort is designed to assess the interdependency among the variables specifically, the Debt-to-Equity Ratio (DER) and Total Asset Turnover (TATO) to establish their collective impact on the dependent variable, Return on Assets (ROA). The scope is limited to an examination of financial data from IDX-listed property and real estate entities throughout the three-year timeframe between 2021 and 2023. Design/methodology/approach: The research employed SPSS (version 26) to conduct the necessary preliminary analyses. These included checks for normality, autocorrelation, multicollinearity, and heteroscedasticity, which are the standard statistical assumptions. The study's hypotheses were evaluated through multiple linear regression analysis, incorporating necessary t-tests and F-tests. The choice of a purposive sampling method was justified on the grounds that it enables the inclusion of only those samples that are most relevant and directly contribute to addressing the specific aims of the investigation. Findings: A powerful statistical association was identified, indicating that the Return on Assets (ROA) is largely contingent upon the interplay between a firm's Debt-to-Equity Ratio (DER) and its Total Asset Turnover (TATO). This implies that strategic financial decisions such as managing debt to enhance asset utilization and fulfill financial commitments, as indicated by DER, and maximizing revenue and profit generation from assets, as represented by TATO play a direct role in shaping ROA, which serves as a critical indicator of a firm's profitability. Research limitations/implications: Data collection was strictly confined to the 2021–2023 observation timeframe, with figures sourced entirely from property and real estate firms trading on the Indonesia Stock Exchange (IDX). As a consequence of this focus, the generalizability of the results is inherently constrained; the findings may not be reliably applied to other industrial sectors or alternative time periods. This methodological limitation stems from the acknowledged variance in financial structures, operational models, and distinct market environments that differentiate industries and change significantly across historical eras. Practical implications: The study's findings can serve as a foundation for financial decisions made by investors and business management, especially when it comes to controlling debt and actions that boost profitability. Originality/value: The findings from this investigation are anticipated to enhance academic understanding of managerial performance, particularly by detailing how Debt-to-Equity Ratio (DER) and Total Asset Turnover (TATO) exert influence on Return on Assets (ROA) specifically among property and real estate companies. Paper type: Research Paper
Co-Authors Acep Komara Adella, Resso Panji Agi Syarif Hidayat Aminah, Mina Siti Apriliyana, Lisa Audah, Taufan Budhiarto, Ahmad Rizal Cicilia Ester Novita Herawati Bunga Egi Arvian Firmansyah, Egi Arvian Erpina, Evi Erwin Budianto Febriansyah, Rian Ida Setya Wahyu Atmaja Ikka Nabila Ismu Lisara Kartono Kartono Lilis Setiawati Maiyaliza Maiyaliza Maiyaliza, Maiyaliza Pramudya, Muhammad Dwika Putra, Albiansyah Margana Putri, Uus Meilia Rismaya, Rismaya RR. Ella Evrita Hestiandari Shindi Hapsari Sinta Lestari, Sinta Sopiani, Lia Sugianto, Alya Nurlaella Suryani, Devi Ullum, Miftahul Wicaksono, Fajrin Witri Hastuti