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Pengaruh Risiko Likuiditas, Risiko Operasional, Risiko Bisnis, Risiko Pasar Terhadap Kinerja Keuangan Perusahaan Sub Sektor Kosmetik Yang Terdaftar di BEI Periode 2019-2023 Sefya, Anne Arvesya; Trianawati, Rizky; Nisay, Sefina Arvyn; Wadani, Jiddan Ibra; Diniati, Bintis Ti'anatud
BanKu: Jurnal Perbankan dan Keuangan Vol 6, No 2 (2025): Volume 6, Nomor 2, Agustus 2025
Publisher : Program Studi Perbankan dan Keuangan Fakultas Ekonomi Universitas Siliwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37058/banku.v6i2.15724

Abstract

Penelitian ini bertujuan menganalisis pengaruh risiko likuiditas, risiko operasional, risiko bisnis, dan risiko pasar terhadap kinerja keuangan (ROA) 5 perusahaan sub-sektor kosmetik di Indonesia berdasarkan total aset periode 2019-2023. Data yang digunakan diperoleh dari laporan keuangan yang tercatat pada Bursa Efek Indonesia. Sampel penelitian dipilih menggunkan teknik Purposive Sampling sehingga diperoleh 5 sampel perusahaan sub-sektor kosmetik yang sesuai kriteria dari total 8 populasi. Metode analisis yang digunakan yaitu Analisis Regresi Data Panel dengan pendekatan Random Effect Model (REM) yang diuji dengan softwere EViews 12. Hasil penelitian menunjukkan bahwa, secara simultan risiko likuiditas, risiko operasional, risiko bisnis, dan risiko pasar berpengaruh signifikan terhadap kinerja keuangan (ROA). Secara parsial, risiko likuiditas berpengaruh negatif dan signifikan terhadap kinerja keuangan (ROA); risiko operasional berpengaruh positif dan signifikan terhadap kinerja keuangan (ROA); risiko bisnis berpengaruh positif dan tidak signifikan terhadap kinerja keuangan (ROA); dan risiko pasar berpengaruh negatif dan tidak signifikan terhadap kinerja keuangan (ROA) pada perusahan sub-sektor kosmetik yang terdaftar BEI periode 2019-2023.
The Effect of Environmental Social Governance, Market Capitalization, Dividend Payout Ratio, and Financial Performance on SRI KEHATI Stock Returns Lia Anggraeni; Diniati, Bintis Ti'anatud; Herliana Febrianti; Muhammad Asrori
Jurnal Manajemen dan Inovasi (MANOVA) Vol. 9 No. 1 (2026): January
Publisher : Management Department, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/manova.v9i1.2292

Abstract

Abstract Objective – This study aims to analyze the influence of Environmental Social Governance, market capitalization, and financial performance on stock returns of companies listed in the Sri Kehati Index for the period 2020–2024, both simultaneously and partially. Design / Methodology / Approach – The research method applied is a quantitative approach. The sample was selected using purposive sampling, and the study employed secondary data. Data analysis methods include descriptive statistical analysis, panel data regression testing, classical assumption testing, hypothesis testing, and the coefficient of determination test. Data analysis was conducted using Eviews 12. Findings – The results indicate that, simultaneously, Environmental Social Governance, market capitalization, Dividend Payout Ratio, and financial performance have a positive and significant effect on stock returns of companies listed in the Sri Kehati Index for the period 2020–2024. Partially, market capitalization has a positive and significant effect on stock returns of companies in the Sri Kehati Index for the same period. Meanwhile, Environmental Social Governance, Dividend Payout Ratio, and financial performance do not have a significant effect on stock returns when tested partially. Research limitation / implications – This study is limited to a sample of 10 companies in the Sri Kehati Index, a relatively short observation period, and restricted variables, thus not covering all factors that may affect stock returns. Practical implications – This research encourages investors to pay closer attention to market capitalization and sustainability aspects in making investment decisions in companies listed in the Sri Kehati Index. Furthermore, the findings can serve as a reference for company management to strengthen financial performance and consider sustainability practices to enhance attractiveness in the eyes of investors. Originality / Value – The originality of this research lies in the integration of Environmental Social Governance analysis with fundamental company indicators (market capitalization, Dividend Payout Ratio, and financial performance) within the context of companies listed in the Sri Kehati Index, using the most recent research period of 2020–2024. The capital market is a platform used for trading various types of securities such as stocks, bonds, and other financial instruments through licensed brokers. In its development, the capital market has shifted its orientation not only toward financial gains but also toward sustainable development aspects or the Sustainable Development Goals (SDGs) (Arifianti & Widianingsih, 2023). The SDGs represent global development goals established by the United Nations, consisting of 17 objectives. Indonesia is among the countries committed to implementing the SDGs, as stated in Presidential Regulation No. 59 of 2017 concerning the Implementation and Achievement of the Sustainable Development Goals. Based on SDGs Score data, Indonesia recorded a score of 68.44 in 2020. This figure increased to 68.95 in 2021, then rose to 69.24 in 2022, and further to 69.43 in 2023. However, in 2024, Indonesia’s SDGs score slightly declined to 68.70.
PERENCANAAN PEMBANGUNAN DESA YANG TEPAT SASARAN MELALUI OPTIMALISASI DANA DESA PADA DESA TIUDAN P, Nanda Rizky; Diniati, Bintis Ti'anatud; Qodri, Muhammad Azizul; Kanzu, Dafa Aufan; Tri D, Andi Muhammad
JPPE : Jurnal Perencanaan & Pengembangan Ekonomi Vol 8, No 2 (2025): DESEMBER 2025
Publisher : Universitas Muhammadiyah Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31314/jppe.v8i2.5279

Abstract

Planning for village development is a crucial step to ensure that village funds are utilized efficiently and appropriately. This study aims to examine how Tiudan Village conducts development planning using methods that involve open community participation, as well as how Village Fund management is implemented at each planning phase. The study employed a qualitative approach, encompassing in-depth interviews and field observations. The findings indicate that the development planning process is carried out in stages, starting with the Hamlet Deliberation (Musyawarah Hamlet), the Village Deliberation (Musyawarah Desa), and finally the development of the Village Work Plan (RKPDes) and Village Budget (APBDes), which contain priority proposals based on urgent needs and available budget capacity. Transparency is promoted through open forums, the use of village social media, bulletin boards, and the preparation of the Village Budget (RAP) and Village Budget (RAB) overseen by the sub-district government. However, several challenges remain, such as differing interests between hamlets, limited funding, and uneven technical capacity among village officials. Overall, Tiudan Village has implemented the development planning process effectively and accountably, although capacity building and coordination are needed to optimize Village Fund management in the future.
Analisis Pengelolaan Dana Desa dalam Pembangunan Infrastruktur Pada Desa Jombok Kecamatan Pule Kabupaten Trenggalek: Studi di Desa Jombok Rahma, Aisyah Novia; Diniati, Bintis Ti'anatud; Marisa, Indra; Kirom, Ahmad Wildan Misbahul; Subekti, Sabil Fadzilah
Peradaban Journal of Economic and Business Vol. 5 No. 1 (2026): In Progress
Publisher : Pustaka Peradaban

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59001/pjeb.v5i1.736

Abstract

Village Fund management serves as a strategic instrument for accelerating rural infrastructure development. This study aims to analyze the effectiveness of Village Fund management in Jombok Village, focusing on the planning process, the implementation of the Cash for Work (Padat Karya Tunai/PKT) scheme, and the dynamics of community participation within a Good Governance framework. Employing a case study method, data were analyzed using the Miles and Huberman interactive model. The findings reveal that Village Fund governance in Jombok Village is bolstered by robust inter-institutional coordination, ensuring a structured development cycle. The implementation of the PKT program effectively optimizes local labor absorption and provides immediate economic benefits through daily wage distribution. Furthermore, community participation is comprehensively manifested, ranging from formal planning in the Village Development Planning Meeting (Musrenbangdes) to informal grassroots monitoring. Theoretically, this study confirms that integrating Good Governance principles with the PKT scheme fosters a participatory and inclusive model of village financial management. Practically, these findings offer recommendations for village governments to enhance transparency and institutional synergy to ensure sustainable rural infrastructure development. Pengelolaan Dana Desa merupakan instrumen strategis dalam mengakselerasi pembangunan infrastruktur perdesaan. Penelitian ini bertujuan untuk menganalisis efektivitas pengelolaan Dana Desa dalam pembangunan infrastruktur di Desa Jombok, dengan fokus pada proses perencanaan, implementasi skema Padat Karya Tunai (PKT), serta peran partisipasi masyarakat dalam kerangka Good Governance. Metode penelitian yang digunakan adalah studi kasus dengan teknik analisis data model interaktif Miles dan Huberman. Temuan penelitian menunjukkan bahwa tata kelola Dana Desa di Desa Jombok didukung oleh koordinasi antarkelembagaan desa yang solid, sehingga siklus pembangunan berjalan lebih terstruktur. Implementasi program PKT terbukti mampu mengoptimalisasi penyerapan tenaga kerja lokal dan memberikan dampak ekonomi langsung melalui distribusi upah harian. Partisipasi masyarakat termanifestasi secara komprehensif, mulai dari tahap perencanaan melalui Musrenbangdes hingga pengawasan informal di lapangan. Secara teoretis, penelitian ini menegaskan bahwa integrasi prinsip Good Governance dengan skema PKT menciptakan model pengelolaan keuangan desa yang partisipatif dan inklusif. Secara praktis, hasil penelitian ini memberikan rekomendasi bagi pemerintah desa untuk memperkuat transparansi dan sinergi kelembagaan guna menjamin keberlanjutan infrastruktur desa.