Claim Missing Document
Check
Articles

Found 30 Documents
Search

THE IMPACT OF IMPLEMENTING FINANCIAL RISK MANAGEMENT ON PROFITABILITY AND COMPANY VALUE COMPARATIVE STUDY BETWEEN BUMN AND PRIVATE COMPANIES IN INDONESIA Bambang Hermawan; Miftahil Miftahil; Lika Yulia
INJOSEDU: International Journal of Social and Education Vol. 2 No. 2 (2025): FEBRUARY
Publisher : Adisam Publisher

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

Abstract

This research aims to analyze the impact of implementing financial risk management on profitability and company value, with a focus on comparative studies between State-Owned Enterprises (BUMN) and private companies in Indonesia. Through a comprehensive literature review, this study explores various aspects of financial risk management and their impact on company performance. The method used in this research is systematic literature analysis, utilizing secondary sources such as scientific journals, company financial reports and other official publications. The data collected covers the 2010-2020 period, involving samples from 50 state-owned companies and 100 leading private companies in Indonesia. The research results show that the implementation of financial risk management has a significant positive impact on profitability and company value, both in BUMN and private companies. However, there are differences in the level and characteristics of the impact. Private companies tend to show a faster increase in profitability, while state-owned companies experience a more stable increase in company value in the long term. This study also reveals that the effectiveness of implementing financial risk management is influenced by factors such as ownership structure, government regulations, and organizational culture. SOEs face unique challenges related to political and bureaucratic interference, while private companies are more flexible but sometimes limited in terms of resources. In conclusion, this research provides valuable insight into the importance of financial risk management in improving company performance in Indonesia. These findings can be a reference for policy makers, company managers and investors in understanding the dynamics of financial risk management in the public and private sectors.
GREEN ACCOUNTING AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE ON FIRM VALUE: EVIDENCE OF PROFITABILITY MEDIATION IN INDONESIAN ENERGY COMPANIES Bambang Hermawan
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 5 No. 4 (2025): August
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20988448

Abstract

This study aims to analyze the effect of Green Accounting and Corporate Social Responsibility Disclosure (CSRD) on firm value, with profitability as a mediating variable, in energy sector companies listed on the Indonesia Stock Exchange during the 2018-2023 period. This study employs a quantitative approach using a sample of 13 companies selected through purposive sampling, resulting in 78 observations. Data were analyzed using panel data regression with the Random Effect Model (REM), and mediation was tested using the Sobel Test. The results show that Green Accounting has a positive and significant effect on profitability, whereas CSRD has no significant effect on profitability. Green Accounting and CSRD do not have a significant effect on firm value, while profitability has a positive and significant effect on firm value. The Sobel Test results indicate that profitability mediates the effect of Green Accounting on firm value but does not mediate the effect of CSRD on firm value. These findings show that the market responds more strongly to financial performance reflected in profitability than to sustainability information disclosed by companies. This study provides empirical evidence of the importance of profitability as a mechanism explaining the relationship between sustainability practices and firm value in the Indonesian energy sector.
THE EFFECT OF FINANCIAL LITERACY AND FINTECH USAGE ON STUDENTS’ CONSUMPTIVE BEHAVIOR WITH SELF-EFFICACY AS A MEDIATING VARIABLE Abdurrohman; Abdul Wahid Alfarizi; Bambang Hermawan; Priatna Wijaya; Ahmad Solihin
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 4 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21897501

Abstract

The rapid growth of financial technology has reshaped students’ financial behavior through the widespread use of digital payment systems. This study examines the effects of financial literacy and fintech usage on students’ consumptive behavior, with financial self‑efficacy as a mediating variable. Using a quantitative explanatory approach, data were collected from 259 vocational high school students and analyzed with PLS‑SEM. The results show that financial literacy significantly reduces consumptive behavior, while fintech usage significantly increases it. Although financial literacy enhances financial self‑efficacy, self‑efficacy does not significantly influence consumptive behavior nor mediate the tested relationships. These findings indicate that technological convenience outweighs psychological control, highlighting the importance of integrating financial literacy education with behavioral regulation in the digital finance environment.
Analisis Optimasi Produksi Menu Paket D'roasting Menggunakan Metode Linear Programming (Studi Kasus : D'roasting Jamaksari) Anisa Safira; Najwah Khairani; Siti Faujiah; Wiwi Susilawati; Bambang Hermawan
Journal of Student Development Information System (JoSDIS) Vol 6, No 1: JoSDIS | Januari 2026
Publisher : Universitas Labuhanbatu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36987/josdis.v6i1.8833

Abstract

This study aims to analyze and optimize the production of menu packages at D’Roasting Jamaksari Restaurant using Linear Programming (LP) with the simplex method. The main problem faced by the restaurant is the limitation of production resources, particularly raw materials such as chicken, rice, and spices, which requires efficient production planning to maximize profit. This research employs a quantitative approach with a case study method. Primary data were obtained through direct observation and interviews with the management of D’Roasting, while secondary data were collected from internal documents and relevant scientific literature. The Linear Programming model consists of three decision variables: the daily production quantity of Nasi Putih Ayam (X₁), Nasi Kabsah Ayam (X₂), and the whole chicken package (X₃). The objective function is to maximize total profit, expressed as Z = 3,150X₁ + 4,050X₂ + 8,850X₃, subject to constraints on the availability of rice, chicken, and spices. The model was solved manually using the simplex method. The results indicate that the optimal production combination consists of 30 portions of Nasi Putih Ayam, 70 portions of Nasi Kabsah Ayam, and 30 whole chicken packages, generating a maximum daily profit of Rp643,500. This optimal solution satisfies all existing resource constraints. The implementation of Linear Programming proves effective in improving resource utilization efficiency, reducing waste, and supporting data-driven production decision-making. Therefore, this method can serve as a strategic tool to enhance operational efficiency and profitability at D’Roasting Jamaksari.
Strategi Persaingan Pemasaran Indomaret dan Alfamart Menggunakan Game Theory (Studi Kasus Indomaret Alfamart Sayabulu, Kota Serang) Indah Nuraeni; Iska Hayati; Nabila Saputri; Moh. Agus Awaludin; Bambang Hermawan
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 2 No. 1 (2026): JANUARI-MARET
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/9fdy1284

Abstract

This study aims to examine the marketing competition approach between adjacent Indomaret and Alfamart stores on Jalan Sayabulu, Serang City, using Game Theory. Data collection was conducted through direct observation. The marketing aspects analyzed include price, promotion, convenience, and product variety. Information obtained from observations was organized into payoff matrices and analyzed using the maximin and minimax methods. The findings reveal the presence of a saddle point indicating the success of the most efficient strategy. For Alfamart, the dominant strategy is the convenience aspect, while for Indomaret, the most effective strategy is related to price. This study indicates that Game Theory can be used as an efficient strategic analysis tool in modern retail competition in adjacent areas.
Optimasi Biaya Distribusi di Spx Express Cabang Serang Menggunakan Metode Transportasi Halimah; Jahrotun Nisa; Abdul Aziz; Bambang Hermawan; Lika Yulia
Sinergi : Jurnal Ilmiah Multidisiplin Vol. 2 No. 1 (2026): Sinergi: Jurnal Ilmiah Multidisiplin
Publisher : PT. AHLAL PUBLISHER NUSANTARA

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

Abstract

The aim of this study is to reduce distribution costs at SPX Express Serang Branch by applying the transportation method. The main challenge faced by the company is the high shipping costs, caused by the suboptimal arrangement of distribution routes from the warehouse to the drop centers. The data used includes the capacity of three shipping warehouses, namely Kaligandu, Lopang, and Ciruas, as well as the demand from three drop centers, namely Kasemen, Walantaka, and Curug, along with the transportation costs for each route. This study applies the North West Corner, Least Cost, and Vogel’s Approximation Method (VAM) to determine the initial solution, which is then optimized using the Modi and Stepping Stone methods with the assistance of the AtoZmath Transportation Calculator. From the calculations, the North West Corner method resulted in a cost of Rp 5,014,000, the Least Cost method yielded Rp 5,059,000, while the VAM method produced a result of Rp 4,450,000, making VAM the most optimal initial solution. After optimization using the Modi and Stepping Stone methods, the lowest distribution cost obtained was 3,360. These results indicate that the application of transportation methods can significantly reduce distribution costs and improve efficiency in the delivery system at SPX Express Serang Branch.   Keywords: Distribution Cost, Transportation Method, SPX Express, VAM, Optimization   Abstrak Tujuan dari penelitian ini adalah untuk mengurangi biaya distribusi di SPX Express Cabang Serang dengan penerapan metode transportasi. Tantangan utama yang dihadapi oleh perusahaan adalah tingginya biaya pengiriman, yang disebabkan oleh pengaturan rute distribusi dari gudang ke drop center yang masih belum maksimal. Data yang digunakan mencakup kapasitas dari tiga gudang pengiriman yaitu Kaligandu, Lopang, dan Ciruas, serta permintaan dari tiga drop center, yaitu Kasemen, Walantaka, dan Curug, bersama dengan biaya transportasi dari setiap rutenya. Penelitian ini menerapkan metode North West Corner, Least Cost, dan Vogel’s Approximation Method (VAM) untuk menentukan solusi awal, yang selanjutnya dioptimalkan dengan menggunakan metode Modi dan Stepping Stone dengan bantuan AtoZmath Transportation Calculator. Dari hasil perhitungan, metode North West Corner menghasilkan biaya sebesar Rp 5.014.000, metode Least Cost menghasilkan Rp 5.059.000, sementara metode VAM memberikan hasil sebesar Rp 4. 450.000, yang menjadikan VAM sebagai solusi awal paling optimal. Setelah optimasi dengan metode Modi dan Stepping Stone, diperoleh biaya distribusi terendah sebesar 3.360. Hasil ini menunjukkan bahwa penerapan metode transportasi dapat secara signifikan mengurangi biaya distribusi serta meningkatkan efisiensi dalam sistem pengiriman di SPX Express Cabang Serang.   Kata kunci: Biaya Distribusi, Metode Transportasi, SPX Express, VAM, Optimasi  
Analisis Efisiensi Layanan dan Waktu Tunggu Pelanggan di Kopi Kenangan Jalan Beringin Raya Perumnas 1 Kota Tangerang Menggunakan Metode Teori Antrian Shofia Nawang Hayyuni; Najma Rifa Azini; Asmarani Maulana Putri; Firdiansyah; Bambang Hermawan
JPNM Jurnal Pustaka Nusantara Multidisiplin Vol. 4 No. 1 (2026): February : Jurnal Pustaka Nusantara Multidisiplin (ACCEPTED)
Publisher : SM Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59945/jpnm.v4i1.1022

Abstract

Teori Antrian adalah cabang matematika yang mempelajari sistem antrian yang muncul ketika jumlah permintaan melebihi kemampuan pelayanan. Teori ini menganalisis bagaimana pelanggan datang, berapa banyak pelayan yang diperlukan, serta berapa lama waktu yang mereka habiskan menunggu, dengan tujuan menemukan titik seimbang yang optimal antara biaya pelayanan dan biaya menunggu. Penelitian ini bertujuan untuk menganalisis cara kerja sistem pelayanan dan waktu yang dihabiskan pelanggan saat menunggu di gerai Kopi Kenangan yang berada di Jalan Beringin Raya, Perumnas 1, Kota Tangerang. Penelitian ini menggunakan teori antrian untuk memahami lebih jelas bagaimana sistem antrian berjalan. Minat yang tinggi dari para pelanggan terhadap minuman kopi modern menyebabkan timbulnya antrian, yang bisa mempengaruhi kepuasan pelanggan dan efisiensi kerja toko. Metode yang digunakan adalah pengamatan langsung terhadap cara pelanggan datang dan waktu yang dibutuhkan untuk melayani mereka. Model teori antrian diterapkan untuk mengidentifikasi berbagai karakteristik sistem antrian, seperti jumlah pelanggan yang datang (λ), jumlah pelanggan yang dilayani (μ), jumlah orang yang sedang dalam sistem, waktu tunggu di antrian, serta tingkat penggunaan server. Data dikumpulkan melalui pengamatan di lapangan di berbagai waktu operasional untuk memahami perubahan kebutuhan pelanggan secara menyeluruh. Hasil penelitian menunjukkan karakteristik sistem antrian yang terjadi, tingkat efisiensi pelayanan saat ini, serta beberapa rekomendasi untuk meningkatkan kinerja pelayanan dan mengurangi waktu menunggu pelanggan. Penelitian ini diharapkan bisa memberikan manfaat bagi manajemen Kopi Kenangan dalam meningkatkan kualitas pelayanan dan kepuasan pelanggan melalui pengelolaan antrian yang lebih baik.
Optimalisasi Distribusi Beras Gudang Umbul Tengah Menggunakan Metode Transportasi BULOG Cabang Serang Aryanto Dwi Putra; Kesya Zakia Rachma; Muhamad Hafid Muhajar; Sigit Tamtama; Bambang Hermawan
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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

Abstract

This study analyzes the optimization of rice distribution based on warehouse capacity using the transportation method at Perum BULOG Serang Branch, with a case study of the Umbul Tengah Warehouse. The main issue is inefficient rice distribution caused by mismatches between warehouse capacity and regional demand, resulting in high distribution costs. To address this problem, the transportation method in operations research was applied to identify the most efficient distribution pattern. The research stages included determining an initial feasible solution and testing the optimal solution based on warehouse capacity data and regional demand. The results show that 11,500 tons of rice can be distributed evenly from four warehouses to three destination regions. Initial calculations using the North West Corner method produced a distribution cost of Rp1,235,000. Further optimization using the Least Cost Method and Vogel’s Approximation Method reduced the cost to Rp1,195,000. Validation using the Stepping Stone method confirmed that no alternative distribution routes could further reduce the cost, indicating that Rp1,195,000 is the optimal distribution cost. Therefore, the transportation method can be used as a decision-making tool in managing rice distribution at Perum BULOG Serang Branch to improve operational efficiency and support food security.
Analisis Teori Antrian Terhadap Pelayanan Pangkas Rambut Abatasa di Pakupatan Kota Serang Nur Hasanah; Sovia Wiranti; M. Ujang; Bambang Hermawan
Jejak digital: Jurnal Ilmiah Multidisiplin Vol. 2 No. 2 (2026): MARET 2026
Publisher : INDO PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/mvaann65

Abstract

This study was conducted to evaluate the effectiveness of the service system at Abatasa Pakupatan Barbershop by applying the concept of queuing theory. The problems that emerged came from customer complaints regarding long waiting times when the number of visitors increased, as well as limited seating facilities because the service process was only handled by one barber. This study used a quantitative method with a descriptive analytical approach. Data collection was carried out through direct observation by recording customer arrival times and service duration. Data analysis used a Single Channel Single Phase queuing model with a First-Come, First-Served (FCFS) service rule. The results showed that the average customer arrival rate reached 25 people per day, while the service capacity was 30 people per day. The service facility utilization rate was recorded at 83.34%, with the chance of a server not serving a customer at 16.67%. The average number of customers waiting in the queue was around 4 people, with an average waiting time of 10 minutes, and the total time customers were in the system was around 12 minutes. Based on these findings, Abatasa Barbershop is advised to improve the quality and standards of service and carry out innovations to maintain customer satisfaction and loyalty amidst increasingly competitive business competition.
Analisis Pengaruh Quick Ratio (QR), Debt to Equity Ratio (DER), dan Return on Equity (ROE), Terhadap Nilai Perusahaan (PER) Pada Perusahaan Sub Sektor Iron & Steel Yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024 Fatimatul Khairunnisa; Dedi Nur Fadjri; Marsela Oktafia Ramadani; Muhamad Nur Arif; Bambang Hermawan
Jurnal Penelitian dan Pengabdian Masyarakat Vol. 4 No. 3 (2026): August 2026
Publisher : Yayasan Pondok Pesantren Sunan Bonang Tuban

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61231/yqh5r190

Abstract

This study aims to analyze the influence of the Quick Ratio (QR), Debt to Equity Ratio (DER), and Return on Equity (ROE) on firm value—proxied by the Price-Earnings Ratio (PER)—in iron and steel sub-sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. A quantitative method with an associative approach was employed, utilizing secondary data from the financial statements of iron and steel sub-sector companies for the 2020–2024 period. The sample was selected using purposive sampling, resulting in 9 companies and a total of 45 observations, which were analyzed via panel data regression using EViews software. The results indicate that QR, DER, and ROE—both simultaneously and partially—have a significant effect on firm value. The novelty of this study lies in its use of a combination of liquidity, capital structure, and profitability variables within the iron and steel sub-sector, covering the most recent period.
Co-Authors Abdul Aziz Abdul Wahid Alfarizi Abdurrohman Ade Faisal Mabtuhi Agung Gumelar Ahmad Haikal Taliwang Ahmad Murodhie Ahmad Solihin Ai Khoerumisa Alizza Tahsinul Adiba Alma Aulia Annur Amelia Amelia Anisa Safira Arman Maulana Aryanto Dwi Putra Asep Rafiudin Asmarani Maulana Putri Dedi Nur Fadjri Deni Somantri Denisya Tri Handayani Didik Wahyudi Didik Wahyudi Didit Haryadi Dika Mahifal Dwi Apriyani, Dwi Elis Badariah Enah Alia Sova Evi Herawati Fahmi Anwarudin Fahmi Idris Fajra Azkia Cahya Al Aulia Fatimatul Khairunnisa Firdiansyah Fitria Haquei Halimah Hera Heriana Herli Noviansyah Hikayatul Hauliyah Hikmat, Imat Ilham Zidny Indah Nuraeni Iska Hayati Isop Ramadhan Jahrotun Nisa Kesya Zakia Rachma Khoiratun Fadilah Lika Yulia Lika Yulia M Miftahil M. Ujang Marsela Oktafia Ramadani Miftahil Miftahil Miftahil Miftahil, Miftahil Moh. Agus Awaludin Muhamad Hafid Muhajar Muhamad Haris Anur Suhada Muhamad Nur Arif Muhamad Pebrian Muhamad Rasyid Ridho Nabila Saputri Najma Rifa Azini Najwah Khairani Nani Safitri Naufal Jidan Nendi Esti Yulyin Neng Merin Noviansyah, Herli Nur Hasanah Nurmala Hidayah Nurpah Nurpah Nurul Fadilah Nusantara, Fajar Adipura Priatna Wijaya Rafiudin, Asep Rafly Ramadhan Rifqi Ramadhan Rodifah Rodifah Sandi Priyatna Santinah Santinah Satia Nurjanah Selvia Amelia Shofia Nawang Hayyuni Sigit Tamtama Silvia Nengsih Siti Faujiah Siti Nurhodijah Siti Rohmah Sovia Wiranti Sumyanah Tubagus Ismail Ukhrowiyah Ukhrowiyah Ukhrowiyah Ukhrowiyah Wawan Ichwanudin Wiwi Susilawati Wulan Supianti Yudistira Maulana Yulia, Lika