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Dampak CSR dan ESG Terhadap Kinerja Keuangan dan Keberlanjutan Perusahaan Dimediasi oleh Green Finance Fransisca, Linda; Helma Malini; Anwar Azazi; Anggraini Syahputri
Jurnal Akutansi Manajemen Ekonomi Kewirausahaan (JAMEK) Vol 5 No 1 (2025): Edisi Januari 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jamek.v5i1.1789

Abstract

The manufacturing sector plays a vital role in the global economy but is often linked to environmental and social harm. This has driven companies to adopt sustainable practices through ESG and CSR, funded in part by green finance. This research investigates the connection between ESG and CSR implementation with financial performance and sustainability, alongside the mediating role of green finance. Using panel data from 48 BEI-listed manufacturing firms (2021-2023), resulting in a total of 108 observations after outlier removal. Multiple regression analysis and the Sobel test are used to test the hypotheses. The analysis shows CSR positively affects financial performance but not sustainability, while ESG negatively impacts financial performance but positively influences sustainability. The sobel test reveals green finance mediates CSR’s effect on financial performance but not ESG’s.
Peran Profitabilitas dalam Memediasi Pengaruh Kepemilikan Institusional dan Intellectual capital terhadap Nilai Perusahaan LQ45 Hamashiah, Mikhael; Helma Malini; Anggraini Syahputri
MERDEKA : Jurnal Ilmiah Multidisiplin Vol. 2 No. 6 (2025): Agustus
Publisher : PT PUBLIKASI INSPIRASI INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/merdeka.v2i6.4889

Abstract

Ketidakstabilan nilai perusahaan mencerminkan adanya faktor internal yang belum berfungsi secara optimal dalam menciptakan kinerja dan daya saing perusahaan. Penelitian ini bermaksud guna mengkaji kontribusi kepemilikan institusional dan Intellectual capital pada nilai perusahaan, melalui profitabilitas sebagai variabel mediasi. Data sekunder diperoleh dari perusahaan dalam indeks LQ45 periode 2020–2024. Analisis dilakukan dengan pendekatan kuantitatif menggunakan regresi berganda melalui perangkat lunak EViews dan uji mediasi menggunakan Sobel Test. Penelitian ini mengungkap bahwasanya kepemilikan institusional tidak memberikan kontribusi berarti pada profitabilitas maupun nilai perusahaan. Sebaliknya, intellectual capital terbukti mampu mendorong peningkatan profitabilitas, meskipun tidak berpengaruh langsung pada nilai perusahaan. Profitabilitas juga tidak menjadi penghubung dalam kaitan antara kepemilikan institusional dan nilai perusahaan, namun efektif sebagai jalur perantara dalam kaitannya dengan intellectual capital. Dengan demikian, optimalisasi modal intelektual menjadi kunci dalam memperkuat kinerja keuangan dan meningkatkan nilai perusahaan, sementara peran kepemilikan institusional dalam konteks ini masih belum menunjukkan dampak yang signifikan. Penelitian ini mengimplikasikan pentingnya pengembangan model nilai perusahaan yang lebih komprehensif dengan mempertimbangkan peran berbeda dari kepemilikan institusional dan intellectual capital.
PENGARUH Pengaruh Growth Opportunity, Profitabilitas dan Free Cash Flow Terhadap Kebijakan Utang pada Perusahaan Farmasi Dibei Violita Indah Permani; Ilzar Daud; Anggraini Syahputri; Anwar Azazi
JUMBIWIRA : Jurnal Manajemen Bisnis Kewirausahaan Vol. 4 No. 2 (2025): Agustus : Jurnal Manajemen Bisnis Kewirausahaan
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/jumbiwira.v4i2.2406

Abstract

Growth Opportunity, Profitability, and Free Cash Flow Related to Debt Policy are the main objectives of this study. Pharmaceutical companies traded on the Indonesia Stock Exchange (IDX) between 2019 and 2023 are the population of this study. Quantitative data used in this study comes from the Indonesia Stock Exchange (IDX) website (https://idx.co.id). The sample for this study was 14 companies over 5 years selected using purposive sampling techniques with several predetermined criteria. Based on the results of the study, Growth Opportunity does not affect debt policy, Profitability negatively affects debt policy, and Free Cash Flow does not affect debt policy.
Reaksi Pasar Terhadap Peristiwa Pengumuman Hasil Hitung Cepat Dan Hitung Manual Kpu Pada Pemilihan Umum Presiden 2024 Iman Ahmad Syahbandi; Syahbandi; Anggraini Syahputri; Anwar Azazi; Uray Ndaru Mustika
JUMBIWIRA : Jurnal Manajemen Bisnis Kewirausahaan Vol. 4 No. 2 (2025): Agustus : Jurnal Manajemen Bisnis Kewirausahaan
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/jumbiwira.v4i2.2434

Abstract

This research investigates how the Indonesian capital market reacts to a major political milestone the release of quick count and official manual count results from the 2024 Presidential Election. The study focuses on a sample of highly liquid equities included in the KOMPAS100 Index. The investigation assesses anomalous returns (AR) and trading volume activity (TVA) over two different windows before and after the announcements using a quantitative approach using an event study methodology. The Indonesia Stock Exchange (IDX) provided the data, which were then evaluated using paired sample t-tests. The findings imply that there was no statistically significant change in abnormal returns or trading activity as a result of the official count announcements or the rapid count. Nonetheless, notable differences emerged when comparing the pre-event periods of both announcements, with TVA showing substantial movement after both events. These findings imply that the capital market tends to express reactions through fluctuations in trading activity rather than price volatility, particularly within the segment of highly liquid stocks. Therefore, while large-scale political events like presidential elections may not significantly alter returns, they do influence trading behaviors.
The Impact of Overconfidence, Disposition Effect, Representativeness, and Financial Knowledge on the Investment Satisfaction of Young Investors in Indonesia. Annissyah Dwi Weizah Putri; Uray Ndaru Mustika; Giriati Giriati; Anggraini Syahputri
Digital Innovation : International Journal of Management Vol. 2 No. 2 (2025): Digital Innovation : International Journal of Management
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/digitalinnovation.v2i2.362

Abstract

This study aims to analyze the influence of Overconfidence, Disposition Effect, Representativeness, and Financial Knowledge on Investment Satisfaction among young investors in Indonesia. The research sample consists of 252 young investors in Indonesia. The data analysis method used is SmartPLS 4.0. The research findings show that Overconfidence, Disposition Effect, and Financial Knowledge have a significant positive effect on Investment Satisfaction among young investors in Indonesia, whereas Representativeness does not have a significant effect. This study is expected to provide insights for young investors in Indonesia regarding investment satisfaction.
Investasi Asing Langsung dan Pertumbuhan Ekonomi di Negara OKI: Peran Moderasi Stabilitas Politik Muhammad Nurwahyudi; Wendy; Anggraini Syahputri; Anwar Azazi; Uray Ndaru Mustika
Mutiara: Jurnal Ilmiah Multidisiplin Indonesia Vol. 3 No. 3 (2025): JIMI - JULI
Publisher : PT. PENERBIT TIGA MUTIARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61404/mutiara.v3i3.402

Abstract

Economic growth is a key indicator in assessing a country's ability to sustainably increase the output of goods and services. This study aims to analyze the effect of trade openness (TO) and the interaction between foreign direct investment (FDI) and political stability (PS) on economic growth in member countries of the Organization of Islamic Cooperation (OIC). The study utilizes panel data from 30 OIC member countries over the period 2005–2023, sourced from the World Bank’s World Development Indicators (WDI). The analytical method employed is panel data regression using the Fixed Effect Model (FEM) to control for individual heterogeneity across countries, as well as Moderated Regression Analysis (MRA) to test the moderating role of PS in the relationship between FDI and economic growth. The estimation results show that both TO and FDI have a positive and significant impact on economic growth. However, the interaction between FDI and PS exhibits a negative and significant effect, which contradicts conventional theoretical expectations that political stability should enhance the positive impact of FDI. These findings suggest that in several OIC countries, despite relatively low political stability, FDI continues to flow in response to economic opportunities, strategic interests, or domestic market appeal. In other words, political instability does not always serve as a major barrier to foreign investment, especially when the economic potential remains high. Moreover, FDI under such conditions may serve as an important instrument to strengthen international economic cooperation, expand production capacity, and drive long-term economic growth. These findings provide strategic implications for the formulation of investment and institutional stability policies in OIC countries.
PENINGKATAN KEWIRAUSAHAAN SANTRI MELALUI PELATIHAN PEMASARAN ONLINE DAN PENGEMBANGAN USAHA BERBASIS DIGITAL Irdhayanti, Efa; Anggraini Syahputri; Rizani Ramadhan; Uray Ndaru Mustika
Jurnal Pengabdian Kolaborasi dan Inovasi IPTEKS Vol. 3 No. 4 (2025): Agustus
Publisher : CV. Alina

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59407/jpki2.v3i4.2980

Abstract

Kegiatan Pengabdian Kepada Masyarakat (PKM) ini dilaksanakan di Pondok Pesantren Darut Tolibin Peniraman, Kabupaten Mempawah, Kalimantan Barat. Kegiatan ini bertujuan guna meningkatkan literasi digital dan keterampilan kewirausahaan berbasis teknologi bagi santri, sekaligus mendorong munculnya ide-ide usaha kreatif yang sesuai dengan perkembangan era digital. PKM yang dilaksanakan diikuti oleh 50 santri tingkat SMA dan dilaksanakan dalam bentuk ceramah interaktif, workshop praktik pembuatan akun bisnis online, simulasi perancangan ide usaha digital, serta presentasi kelompok. Hasil kegiatan menunjukkan peningkatan pemahaman santri terhadap literasi digital, kemampuan membuat akun bisnis online, serta terbentuknya lima kelompok ide usaha digital. Faktor pendikung kegiatan adalah dukungan penuh pesantren, antusiasme peserta dan relevansi materi, sedangkan faktor penghambar meliputi keterbatasan internet, waktu yang singkat, serta keterbatasan perangkat digital. Secara keseluruhan, kegiatan PKM ini dinilai dan memberikan dampak positif bagi pengembangan kewirausahaan santri. Diperlukan tindak lanjut berupa pendampingan usaha, peningkatan fasilitas digital di pesantren, serta kerja sama dengan pihak eksternal untuk mendukung keberlanjutan program kewirausahaan santri berbasis teknologi,
Pengaruh Literasi Keuangan dan Cinta Uang Terhadap Perilaku Pengelolaan Keuangan Generasi Z di Indonesia: Pendapatan Sebagai Variabel Moderasi Ningrum, Imas Dwi; Juniwati, Juniwati; Uray Ndaru Mustika; Anggraini Syahputri
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 3 (2025): Oktober: Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v5i3.1193

Abstract

Generation Z in the modern era faces financial challenges that could potentially affect economic well-being. This research will explore the influence of financial literacy and love for money on the financial management behavior of Generation Z in Indonesia, with income as a moderating variable. The research method used is quantitative with analysis through SMART PLS. The population of this study is Generation Z in Indonesia. The sample used consisted of 250 respondents. This study shows that financial literacy significantly influences financial management behavior, while love of money does not affect financial management behavior. Income, as a moderating variable, is able to significantly moderate the relationship between financial literacy and financial management behavior, but it cannot moderate the relationship between love of money and financial management behavior. The hope for future research is to be able to add factors that can influence financial management behavior.
Kreatifitas Ilmiah melalui Pelatihan Skripsi Berbasis SPSS Efa Irdhayanti; Rizani Ramadhan; Anggraini Syahputri; Mazayatul Mufrihah
PaKMas: Jurnal Pengabdian Kepada Masyarakat Vol 4 No 1 (2024): Mei 2024
Publisher : Yayasan Pendidikan Penelitian Pengabdian Algero

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54259/pakmas.v4i1.2644

Abstract

In today's digital era, mastery of technology and data analysis software is a skill that is very much needed by students, especially those involved in research and data analysis. SPPSS (Statistical Package For The Social Sciences) is one of the software that is widely used for statistical analysis in various disciplines, including social sciences, health, economics and education. The problems faced by final semester students in processing research data where the processing of funds is still done manually or still using Microsoft Excel software. In overcoming these problems, the PKM team provides solutions through Data Processing Training Using SPSS Software to improve scientific creativity in students. The output target in this PKM activity is that final semester students, namely semesters 6 and 8 in Pontianak City are able to use data processing media using SPSS (Statistical Package For The Social Sciences). Specifically, the output targets of PKM activities are: (1). Students are able to use data according to the research design that has been determined and is right, (2). Students are able to process research data quickly and precisely according to the existing research design. In the implementation of this PKM program has been carried out well and smoothly as planned. Participants were able to receive the material delivered by the PKM Team well and participants were very enthusiastic about participating in this training activity which can be seen through the activeness of participants in the activity process.
ANALISIS FINANCIAL DISTRESS DENGAN MENGGUNAKAN METODE FULMER SCORE DAN ZMIJEWSKI SCORE PADA PT GOZCO PLANTATIONS, TBK Debi Eka Putri; Nelly Ervina; Eliza Arshandy; Anggraini Syahputri
Jurnal Ilmiah Satyagraha Vol. 8 No. 1 (2025): Jurnal Ilmiah Satyagraha
Publisher : Universitas Mahendradatta

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

Abstract

This study aims to analyze the financial distress condition of PT. GozcoPlantations, Tbk using the Fulmer Score and Zmijewski Score methods anddetermine the more accurate method. The research data are secondary dataobtained from the Indonesia Stock Exchange website (www.idx.co.id). The dataanalysis techniques used are descriptive qualitative and comparative analyses. Theresults show that: First, the Fulmer Score method indicates that the company wasat risk of bankruptcy during the 2014-2023 period due to declining profits,negative operating cash flows and working capital, as well as decreased assets andequity. Second, the Zmijewski Score method indicates that the company was notat risk of bankruptcy due to reduced debts and its ability to generate profits. Third,the Fulmer Score method is more accurate in measuring bankruptcy risk, with80% of results in the danger zone compared to 20% for the Zmijewski Score.