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Board Size and Leverage in Indonesian’s Pharmaceutical Companies. The Moderating Role of Profitability Sanga, Marianus Hendrilensio; Hajanirina, Andrianantenaina
Journal of Practical Management Studies Vol. 1 No. 2 (2023): Vol. 1 No. 2 (2023): JPMS - September
Publisher : CV. Jala Berkat Abadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61106/jpms.v1i2.9

Abstract

This empirical study examines the relationship between board size, leverage, and profitability in the pharmaceutical sector. Using a sample of pharmaceutical companies from 2019 to 2022, the study reveals that board size has a significant positive impact on leverage. Additionally, profitability acts as a moderator in the relationship between board size and leverage. The results indicate a significant negative relationship between board size and leverage when considering profitability, suggesting that larger boards in pharmaceutical companies are associated with lower levels of leverage. These findings contribute to the existing literature on corporate governance and financial performance, highlighting the significance of board size in shaping leverage decisions and influencing profitability. The study suggests that larger boards in the pharmaceutical sector exercise caution in managing debt, leveraging their enhanced monitoring capabilities, diverse expertise, and increased accountability. Policymakers, industry practitioners, and investors can use these insights to make informed decisions regarding board composition, financing strategies, and evaluating the financial performance and risk profiles of pharmaceutical companies.
Effectiveness of BRILink service in enhancing financial inclusion and wellbeing in East Nusa Tenggara Situmorang, Resvina; Sanga, Marianus Hendrilensio
Jurnal Mantik Vol. 8 No. 2 (2024): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

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Abstract

This study examines the relationship between the effectiveness of BRILink services on financial inclusion and financial wellbeing. In addition, we examined the effects of mediation where financial inclusion is treated as a mediator in this model. This study used a specific sampling method known as purposive sampling and a sample size of 101 participants from East Nusa Tenggara Province. The data was collected through a google forms questionnaire from June 24 to July 23, 2024 and distributed online among BRILink users. Analyze the data using the PLS (partial least squares) technique from SmartPLS 3. The results show that the effectiveness of BRILink services has a positive and significant effect on financial inclusion and financial wellbeing. Financial inclusion does not function to mediate the effect of the effectiveness of BRILink services on the financial wellbeing of the community. The implication is that improving the quality of financial services and financial education is more important to improve the financial welfare of the people of NTT than simply expanding access to financial services.
Pengaruh Pengetahuan Investasi dan Uang Saku terhadap Minat Investasi Mahasiswa di Pasar Modal Melalui Persepsi Risiko Sanga, Marianus Hendrilensio; Muni, Wilhelmina
Bisman - Jurnal Bisnis & Manajemen Vol 7 No 2 (2022): Desember
Publisher : P3M- Politeknik Negeri Kupang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32511/bisman.v7i2.1126

Abstract

Tujuan penelitian ini adalah untuk mengetahui pengaruh pengetahuan investasi dan uang saku terhadap minat investasi di pasar modal melalui persepsi risiko pada mahasiswa Jurusan Administrasi Bisnis, Politeknik Negeri Kupang. Penelitian ini menggunakan pendekatan kuantitatif, dengan kuesioner sebagai instrumen pengumpulan data. Penarikan sampel penelitian menggunakan metode probability sampling dengan banyaknya sampel ditentukan berdasarkan rumus Slovin. Sampel berjumlah 203 dari 412 populasi mahasiswa Diploma IV Manajemen Perusahaan dan Diploma III Administrasi Bisnis yang sedang dan telah menempuh mata kuliah manajemen keuangan. Metode analisis data yang digunakan adalah Structural Equation Modeling-Partial Least Square (SEM-PLS) menggunakan software Smart PLS versi 3. Hasil penelitian ini menunjukkan pengetahuan investasi dan uang saku berpengaruh positif signifikan terhadap minat investasi, uang saku berpengaruh positif dan signifikan pada persepsi risiko, persepsi risiko berpengaruh positif signifikan terhadap minat investasi, persepsi risiko memediasi parsial dalam uang saku mempengaruhi minat investasi.
Pengaruh Kualitas Pelayanan terhadap Keputusan Pelanggan Menginap pada Aston Kupang Hotel & Convention Center Prakoso, Dimas Bagus; Sanga, Marianus Hendrilensio
Bisman - Jurnal Bisnis & Manajemen Vol 8 No 2 (2023): Desember
Publisher : P3M- Politeknik Negeri Kupang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32511/bisman.v8i2.1201

Abstract

Persaingan industri perhotelan dan penginapan semakin kompleks. Untuk dapat terus kompetitif, perusahaan dituntut agar meningkatkan kualitas pelayanan kepada para pelanggan. Tujuan penelitian ini adalah untuk mengukur pengaruh kualitas pelayanan terhadap keputusan pelanggan menginap di Aston Kupang Hotel & Convention Center tahun 2023. Jumlah populasi dalam penelitian ini sebanyak 60 responden dengan menggunakan sampling incidental. Studi ini menggunakan analisis deskriptif dengan pendekatan kuantitatif. Kuesioner digunakan sebagai alat pengumpulan data dan dianalisis menggunakan teknik regresi linear sederhana. Pengolaan data dalam studi ini dibantu dengan program SPSS 16. Berdasarkan hasil analisis regresi linear sederhana diperoleh persamaan Y: 14.212 + 0,414. Hasil penelitian membuktikan bahwa kualitas pelayanan berpengaruh signifikan terhadap keputusan pelanggan menginap pada Aston Kupang Hotel & Convention Center. Implikasinya: 1) Meskipun koefisien determinasi kualitas pelayanan rendah, namun hal ini masih dapat menjadi masukan bagi manajemen Aston Kupang Hotel untuk terus meningkatkan pelayananan yang ada. 2) Rendahnya koefisien determinasi kualitas pelayanan mengindikasikan perlu adanya penelitian berikutnya untuk memperhitungkan faktorfaktor lain yang mempengaruhi keputusan pelanggan menginap di hotel seperti fasilitas, harga dan nilai tambah, lokasi, komunikasi dan informasi.
Analisis Laporan Keuangan PT Delta Djakarta Situmorang, Resvina; Sanga, Marianus Hendrilensio
Bisman - Jurnal Bisnis & Manajemen Vol 8 No 2 (2023): Desember
Publisher : P3M- Politeknik Negeri Kupang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32511/bisman.v8i2.1190

Abstract

Penelitian ini bertujuan untuk menganalisis laporan keuangan PT Delta Djakarta menggunakan rasio likuiditas, manajemen aset, manajemen utang dan probabilitas PT. Delta Djakarta tahun 2022. Data yang dikumpulkan berasal dari Laporan keuangan PT Delta Djakarta. Metode penelitian yang digunakan adalah analisis perbandingan rasio likuiditas, rasio manajemen asset, manajemen utang dan rasio profitabilitas. Hasil penelitian menunjukkan: 1) rasio likuiditas PT Delta Djakarta melebihi rasio rata-rata industri yang menunjukkan bahwa perusahaan memiliki kemampuan melebihi industri dalam melunasi hutang lancar menggunakan aset perusahaan. 2) Rasio manajemen aset tidak cukup bagus; rasio perputaran persediaan berada di bawah rata-rata yang mengindikasikan persediaan perusahaan berputar lambat; rasio DSO (Days Sales Outstanding) cukup bagus meski masih berada di bawah dari kebijakan perusahaan; rasio perputaran aset efisien karena melebihi rata-rata industri yang mengindikasikan PT Delta efisien dalam memanfaatkan aset tetapnya untuk mendukung kegiatan operasional yang menghasilkan penjualan; rasio perputaran total aset menunjukkan PT Delta masih kurang efisien dalam menggunakan asetnya secara keseluruhan. 3) Rasio manajemen utang (rasio utang, DER) PT Delta berada di bawah rasio rata-rata industri. Hal ini sejalan dengan kebijakan konservatif perusahaan terkait utang. 4) Rasio profitabilitas (margin laba operasi, margin laba bersih, tingkat pengembalian aset, kekuatan pendapatan pasar/ BEP, ROE) PT Delta melebihi rasio rata-rata industri yang mengindikasikan perusahaan mampu menghasilkan laba yang lebih baik dibandingkan industri.
Pembentukan Portofolio Dua Aktiva untuk Investor Pemula Sanga, Marianus Hendrilensio; Situmorang, Resvina
Bisman - Jurnal Bisnis & Manajemen Vol 9 No 1 (2024): Juni
Publisher : P3M- Politeknik Negeri Kupang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32511/bisman.v9i1.1268

Abstract

Penelitian ini bertujuan untuk mengetahui saham-saham IDX30 yang dapat membentuk portofolio varian terkecil dua aktiva dan memberikan panduan bagi investor pemula dalam memilih dua saham yang mudah dipelajari untuk membentuk portofolio optimal. Penelitian ini menemukan bahwa portofolio dua aktiva dapat memberikan tingkat pengembalian maksimal dengan risiko yang terkelola. Hasil penelitian menunjukkan bahwa portofolio dua aktiva dari IDX30 terdiri dari saham INKP dan PTBA. Portofolio keduanya dibahas menggunakan proporsi seimbang dan portofolio varian terkecil dimana keduanya memiliki keuntungan masing-masing. Meski demikian, portofolio varian terkecil menawarkan pengembalian yang lebih tinggi dengan risiko lebih rendah. Untuk investor pemula, pembentukan portofolio dua aktiva dapat digunakan untuk meminimalisir risiko investasi sambil memaksimalkan potensi pengembalian. Selain itu, portofolio dua aktiva membutuhkan dana yang lebih sedikit dibandingkan dengan portofolio optimal model Sharpe, sehingga lebih terjangkau bagi investor pemula. Diversifikasi yang baik dan pemilihan aset yang tepat memungkinkan investor pemula untuk memulai investasi dengan langkah yang lebih aman dan terukur.
The Influence Of Competence And Accounting Information System On The Quality Of Bumdes Financial Report In West Kupang: The Role Of Governance As A Moderating Variable Situmorang, Resvina; Sanga, Marianus Hendrilensio; Sogen, Skolastika Ananda Queen
Jurnal Ekonomi Vol. 13 No. 04 (2024): Edition October -December 2024
Publisher : SEAN Institute

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Abstract

This study investigates the influence of competence and the use of accounting information system on the quality of financial reports in BUMDes (village-owned enterprises) in West Kupang District, while also examining governance as a moderating variable. The research employed a purposive sampling method, selecting 36 participants from all BUMDes in the district. Data were collected through questionnaires distributed via Google Forms and analyzed using the SEM-PLS (partial least squares) technique with Smart PLS 3 software. The results reveal that competence does not significantly affect the quality of financial reports, whereas the use of accounting information system has a positive and significant impact. Governance plays a moderating role, strengthening the relationship between competence and the quality of financial reports but weakening the relationship between the use of accounting information system and the quality of financial reports. These findings highlight the critical role of governance in enhancing financial reporting quality. The study's practical implications suggest the need for improved governance effectiveness and financial management strategies in village enterprises to ensure better financial reporting practices. These insights contribute to the literature on village financial management and provide actionable recommendations for policymakers and stakeholders.
Packaging and Marketing Training for Products of Waste Processing Sites in Mangrove Tourism Area, West Oesapa Village, Kupang City Fanggidae, Jappy Parlindungan; Nino, Indawati Jauhar; Manafe, Janri Delastriani; Setyorini, Tuti; Dioh, Septia Sakalini; Kefi, Darwin Yopie; Latupeirissa, David Samuel; Tarigan, Surya Setiadi; Sanga, Marianus Hendrilensio; Dima, Rohani Purnamasari
Society : Jurnal Pengabdian Masyarakat Vol 4, No 1 (2025): Januari
Publisher : Edumedia Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55824/jpm.v4i1.481

Abstract

This community service activity aims to improve the skills of the 3R Waste Management Site (Recycle, Reuse, Reduce) management group in the mangrove ecotourism area of Oesapa Beach, Kupang, NTT. This TPS was built through collaboration between the government and local communities, aiming to manage waste and support economic improvement through organic fertilizer production. However, there are obstacles in the marketing of these organic fertilizers, including unattractive packaging and limited sales points in tourist areas. This service method consists of several stages: preparation, implementation, evaluation, and reporting. At the preparation stage, partner problems are identified. The implementation stage includes training on packaging fertilizer products that are neater and more attractive and marketing strategies in tourist areas, which are delivered through workshops and hands-on practice. The evaluation was carried out by comparing the condition of the partners before and after the training. The results of the activity showed an increase in skills in product packaging and the ability to design more effective marketing strategies, which can be seen from the increase in consumer interest in organic fertilizer products. The positive impact of this activity is expected to support the sustainability of the 3R TPS management group's business and contribute to environmental and economic preservation of the local community through more optimal waste management.
The impact of ESG disclosure and green mining on firm value: evidence from Indonesia Budi Suharto, Raden Setya; Sanga, Marianus Hendrilensio; Situmorang, Resvina; Handa, Resky Pramudita
Jurnal Mantik Vol. 8 No. 4 (2025): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

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

Abstract

This study examines the impact of Environmental, Social, and Governance (ESG) disclosures and the adoption of green mining practices on the value of mining companies in Indonesia. Using a quantitative research method, we analyze panel data from 20 mining companies listed on the Indonesia Stock Exchange (IDX) over the period from 2020 to 2022. The study estimates the relationships between ESG, green mining, and firm value through panel data regression, applying a fixed effects approach. The results show that neither ESG disclosures nor green mining significantly affects firm value, as measured by Tobin's Q. In contrast, firm size negatively impacts value, while ROA has a positive influence. These findings suggest that investors tend to prioritize traditional financial indicators over sustainability factors when evaluating mining companies. The theoretical implications of this study highlight that, although ESG and green mining are conceptually important, their current levels of implementation are insufficient to meaningfully affect market valuations. Practically, mining companies need to improve the transparency and effectiveness of their ESG reporting and strengthen their sustainability strategies to create additional value for investors and other stakeholders
Analysis of working capital management in food and beverage sub-sector companies during the covid-19 period: A financial performance perspective of ROA Muni, Wilhelmina; Sanga, Marianus Hendrilensio; Seran, Patrisius; Takena, Rizka Angela
Jurnal Mantik Vol. 8 No. 4 (2025): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v8i4.6131

Abstract

The food and beverage sub-sector is an integral part of the global economy and has a significant impact on economic growth. However, the COVID-19 pandemic has brought unprecedented challenges to this industry. It was recorded that in 2020, the Net Profit Margin of the food and beveerage sub-sector experienced a significant decline compared to the Net Profit Margin of other manufacturing sub-sectors. In this study, profitability is measured using Return on Assets (ROA). ROA is a ratio that shows the return on the total assets used in a company. ROA is also a measure of management's effectiveness in managing its investments. An analysis of Return on Assets (ROA) can provide valuable insights into understanding how working capital management in food and beverage sub-sector companies performed during the COVID-19 pandemic. In this context, ROA can provide an overview of how well companies were able to optimize their assets to generate profits, given the changes in market dynamics and challenges faced during the pandemic