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Corporate Social Responsibility (CSR) and Cost of Capital: Evidence from the Indonesian Capital Market Budiasih, Yanti; Amin, Rafiullah; Akhtar, Shazia
Journal Markcount Finance Vol. 3 No. 1 (2025)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v3i1.2098

Abstract

Corporate Social Responsibility (CSR) has become a critical component of corporate strategy, with growing evidence suggesting its impact on financial performance and cost of capital. In Indonesia, where sustainable business practices are increasingly prioritized, understanding the relationship between CSR and cost of capital is essential for both firms and investors. This study examines the influence of CSR activities on the cost of capital for firms listed on the Indonesian Stock Exchange, focusing on how CSR initiatives affect investor perceptions and risk assessments. The research aims to provide empirical evidence on whether CSR can serve as a strategic tool to reduce the cost of capital and enhance firm value. Using a quantitative approach, this study analyzes financial data and CSR disclosures from 150 firms listed on the Indonesian Stock Exchange over a five-year period. Regression analysis is employed to assess the relationship between CSR performance and cost of capital, measured by weighted average cost of capital (WACC). The findings reveal that firms with higher CSR performance tend to have a lower cost of capital, indicating that CSR initiatives can reduce perceived risk and attract socially responsible investors. The study concludes that CSR activities positively influence the cost of capital, providing firms with a financial incentive to invest in sustainable practices. This research contributes to the discourse on CSR and corporate finance by offering practical insights for firms seeking to enhance their financial performance through responsible business practices.
The Influence of Parenting Patterns on the Mental Health of School-Age Children Shofwan, Arif Muzayin; Akhtar, Shazia; Amin, Rafiullah
International Journal of Educational Narratives Vol. 3 No. 1 (2025)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/ijen.v3i1.2152

Abstract

Background. Parenting patterns play a critical role in the mental health and well-being of children, particularly during the school-age years when they experience significant emotional and social development. The way parents interact with their children, provide support, and set boundaries can either foster resilience or contribute to mental health challenges. Purpose. This study examines the influence of various parenting patterns—authoritative, authoritarian, permissive, and neglectful—on the mental health of school-age children. Method. The primary objective is to investigate how these parenting styles affect children’s emotional regulation, self-esteem, anxiety levels, and overall mental well-being. A quantitative research design was employed, using surveys administered to 400 parents of school-age children, complemented by psychological assessments of their children’s mental health. Results. The results indicate that authoritative parenting is positively associated with better mental health outcomes, including higher self-esteem and lower anxiety levels. In contrast, authoritarian and neglectful parenting were linked to increased anxiety and lower emotional regulation in children. Conclusion. The study concludes that parenting patterns significantly influence the mental health of school-age children, highlighting the importance of supportive, balanced parenting approaches. Interventions aimed at promoting authoritative parenting could contribute to improved mental well-being in children, particularly in academic and social contexts.  
Illegal Logging and Its Impact on Forest Ecosystems in Southeast Asia Aziz, Safiullah; Akhtar, Shazia; Amin, Rafiullah
Journal of Selvicoltura Asean Vol. 1 No. 4 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jsa.v1i4.1664

Abstract

Illegal logging poses a significant threat to forest ecosystems in Southeast Asia, compromising biodiversity, disrupting ecological balance, and undermining sustainable development efforts. The region's rich biodiversity and vital ecosystem services are increasingly jeopardized by unregulated logging practices, necessitating a thorough investigation of its impacts. This research aims to assess the extent of illegal logging in Southeast Asia and its effects on forest ecosystems. The study seeks to identify key drivers of illegal logging and analyze its implications for biodiversity and local communities. A mixed-methods approach was employed, combining quantitative data from satellite imagery and forest cover assessments with qualitative interviews of stakeholders, including local communities, government officials, and NGO representatives. Case studies from Indonesia, Malaysia, and Thailand were analyzed to provide insights into the dynamics of illegal logging. Findings reveal that illegal logging significantly contributes to deforestation and habitat loss, leading to declines in species populations and disruptions in ecosystem functions. Local communities reported negative impacts on their livelihoods and increased conflicts with wildlife as a result of habitat degradation. The study concludes that addressing illegal logging is crucial for the conservation of forest ecosystems in Southeast Asia. Effective governance, community engagement, and sustainable forest management practices are essential to combat illegal activities and protect biodiversity. Collaborative efforts among stakeholders will be vital for creating resilient forest ecosystems in the region.
The Effect of Mindfulness-Based Counseling Program on Academic Stress among College Students Shinta, Dewi; Khan, Razia; Amin, Rafiullah
Research Psychologie, Orientation et Conseil Vol. 2 No. 1 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/rpoc.v2i1.1855

Abstract

Academic stress is a prevalent issue among college students, often leading to negative psychological and academic outcomes. This study aimed to evaluate the effect of a mindfulness-based counseling program in reducing academic stress. A quasi-experimental design with a pre-test and post-test control group was employed, involving 120 college students divided into experimental and control groups. The experimental group participated in an eight-week mindfulness-based intervention, while the control group received no intervention. The results indicated a significant reduction in academic stress levels among participants in the experimental group compared to the control group (p < 0.01). Participants reported improved emotional regulation, concentration, and coping strategies. These findings underscore the efficacy of mindfulness practices in fostering psychological resilience among students. This research contributes to the field by integrating mindfulness techniques into counseling programs specifically tailored for academic stress. The study's limitations include its reliance on self-reported measures and a relatively short follow-up period. Future studies should incorporate longitudinal designs and objective stress indicators to validate the findings further.
Exploring Teacher Creativity in Developing Project-Based Learning Models in Indonesian Elementary Schools Raza, Amir; Akhtar, Shazia; Amin, Rafiullah
Journal of Loomingulisus ja Innovatsioon Vol. 1 No. 5 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/innovatsioon.v1i5.1709

Abstract

Teacher creativity plays a critical role in enhancing the quality of education, particularly in elementary schools. However, limited studies have explored how teachers develop innovative learning models tailored to students’ needs in the Indonesian context. This study aims to investigate the strategies employed by teachers to design project-based learning (PBL) models and assess their impact on students’ engagement and critical thinking skills. Employing a qualitative research method, data were collected through interviews, classroom observations, and document analysis involving 15 elementary school teachers across three regions in Indonesia. The findings reveal that teachers utilized diverse approaches, such as integrating local culture, leveraging digital tools, and fostering collaborative learning, to enrich PBL designs. Additionally, students exhibited increased motivation and improved problem-solving abilities when engaging in these models. However, challenges such as limited resources and training opportunities hindered optimal implementation. In conclusion, this study highlights the potential of teacher creativity in shaping effective PBL models and underscores the importance of institutional support for professional development. Future research should focus on scaling successful practices and addressing existing barriers.
Case Study: Success of Social Business Models in Indonesia Costa, Tiago; Mendes, Clara; Amin, Rafiullah
Journal of Loomingulisus ja Innovatsioon Vol. 2 No. 2 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/innovatsioon.v2i2.1975

Abstract

Social businesses have gained significant traction in Indonesia as a response to the country’s pressing social and environmental challenges. These enterprises aim to address societal issues while achieving financial sustainability, blending social impact with business goals. Despite their potential, the success factors of social business models in Indonesia remain underexplored. This study investigates the factors contributing to the success of social businesses in the Indonesian context, focusing on those that have demonstrated both social impact and financial viability. The primary objective of this study is to identify and analyze the key factors that influence the success of social business models in Indonesia. The research seeks to explore how these businesses manage to balance social missions with financial goals, and what strategies contribute to their long-term sustainability. This research employs a case study approach, analyzing the success stories of five social businesses operating in different sectors, including education, healthcare, and environmental sustainability. Data was collected through interviews with business founders, key stakeholders, and industry experts, along with secondary data from reports and publications. Qualitative analysis was used to identify common success factors and challenges faced by these businesses. partnerships with governmental and non-governmental organizations. Additionally, having a clear and impactful social mission plays a pivotal role in attracting investors and consumers. Social businesses in Indonesia can achieve both social impact and financial sustainability by adopting inclusive business models, leveraging partnerships, and staying committed to their social missions.
Development of Lipid Nanoparticles for Delivery of siRNA as Gene Therapy for Lung Cancer Miksusanti, Miksusanti; Amin, Rafiullah; Raza, Amir
Journal of Biomedical and Techno Nanomaterials Vol. 1 No. 3 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jbtn.v1i3.1758

Abstract

Lung cancer remains a significant health challenge with high mortality rates, necessitating innovative treatment approaches. Lipid nanoparticles (LNP) offer a promising platform for the delivery of small interfering RNA (siRNA) as gene therapy to target specific oncogenes in lung cancer cells. To develop and optimize LNPs for efficient siRNA delivery, improving gene silencing efficiency and therapeutic outcomes in lung cancer treatment. The study involved in vitro and in vivo experiments to characterize the LNPs, evaluate gene silencing efficiency, and assess therapeutic efficacy. LNPs were formulated with specific lipid compositions and tested on lung cancer cell lines and murine models. Optimized LNP formulations demonstrated high siRNA encapsulation efficiency (>85%), stable particle size (80-120 nm), and suitable zeta potential (-30 to -50 mV). In vitro studies showed over 70% gene silencing efficiency, while in vivo experiments indicated significant tumor growth inhibition and improved survival rates in murine models. Biodistribution studies confirmed targeted delivery to lung and tumor tissues with minimal off-target effects. The study highlights the potential of LNP-siRNA therapy as an effective and specific treatment for lung cancer. Further research and clinical trials are needed to validate these findings and optimize the delivery system for clinical use.  
Gene Expression Analysis to Predict Patient Response to Chemotherapy Judijanto, Loso; Amin, Rafiullah; Zahir, Roya
Journal of Biomedical and Techno Nanomaterials Vol. 2 No. 1 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jbtn.v2i1.2020

Abstract

Chemotherapy is a cornerstone of cancer treatment, yet patient responses vary significantly. Understanding the molecular basis of this variability is crucial for optimizing therapy. To predict patient response to chemotherapy using gene expression analysis, aiming to improve personalized treatment strategies. A prospective cohort study involving high-throughput RNA sequencing and microarray analysis was conducted on tumor biopsies and blood samples from patients undergoing chemotherapy. Differentially expressed genes were identified and correlated with treatment outcomes. Gene expression profiles of ABCB1, TP53, BRCA1, ERBB2, and BCL2 were found to significantly predict chemotherapy response. Patients with high expression of these genes showed better treatment outcomes. In vitro and in vivo models validated these findings, confirming the predictive power of these gene signatures. Gene expression analysis provides valuable insights into predicting chemotherapy response, facilitating personalized cancer treatment. Further clinical trials are necessary to validate these biomarkers and develop accessible diagnostic platforms.
Entrepreneurial Resilience: Case Studies of Failed and Successful Startups Nuraiman, Nuraiman; Amin, Rafiullah; Aziz, Safiullah
Journal of Social Entrepreneurship and Creative Technology Vol. 2 No. 2 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jseact.v2i2.2045

Abstract

Entrepreneurial resilience plays a critical role in determining the success or failure of startups, especially in highly volatile and competitive environments. While many studies have focused on the factors leading to startup success, less attention has been paid to how entrepreneurs recover from failure and the key traits that contribute to their resilience. Understanding these dynamics is essential for aspiring entrepreneurs and stakeholders in the startup ecosystem. This research aims to explore the concept of entrepreneurial resilience by analyzing case studies of both failed and successful startups. The study seeks to identify the factors that contribute to entrepreneurial resilience and how these factors influence the ability to recover from failure or sustain success. A qualitative case study approach was employed, focusing on 10 startup companies—5 that failed and 5 that succeeded. Data were collected through in-depth interviews with founders and key stakeholders, as well as secondary sources such as company reports and news articles. Thematic analysis was used to identify recurring patterns and key themes. The study found that successful entrepreneurs exhibited high levels of emotional intelligence, adaptability, and a strong support network. In contrast, failed startups often struggled with a lack of strategic foresight, poor decision-making, and inadequate resource management. Resilience factors, including mindset, leadership, and external support, were crucial in navigating both failure and success.
FOREST-BASED LIVELIHOODS AND SOCIAL JUSTICE: AN ANALYSIS OF BENEFIT-SHARING MECHANISMS IN INDONESIA'S SOCIAL FORESTRY SCHEMES Judijanto, Loso; Amin, Rafiullah; Akhtar, Shazia
Journal of Selvicoltura Asean Vol. 2 No. 4 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jsa.v2i4.2485

Abstract

Social forestry programs are globally promoted as a key strategy, but their equitable outcomes are critical. Indonesia's ambitious social forestry agenda aims to reallocate millions of hectares, prompting this research to critically analyze benefit-sharing mechanisms across key schemes (Hutan Desa, HKm, Hutan Adat). The objective was to evaluate their effectiveness in promoting social justice and community livelihoods. This study employed a qualitative, multi-site case study approach, utilizing 120 interviews and policy analysis through a social justice framework. The findings reveal a significant gap between policy goals and reality: while land tenure improved, benefits often fail to be equitably distributed, being captured by local elites and marginalizing vulnerable groups. Furthermore, procedural justice remains weak due to limited community participation in decision-making. The novelty lies in this critical, justice-focused evaluation of Indonesia's national program. The implication is that for Indonesia's social forestry to succeed, a fundamental redesign of benefit-sharing mechanisms is required. Policy must explicitly embed distributive, procedural, and recognitional justice principles to ensure meaningful livelihood improvements for the poorest and most marginalized community members.