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All Journal Jurnal Ekonomi dan Bisnis Islam Jurnal Pembelajaran Pemberdayaan Masyarakat (JP2M) Priviet Social Sciences Journal
Budi, Ryan Setya
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Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

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Do profitability and liquidity drive market valuations? A study based on Tobin Q in LQ45 Firms (Q1 2021 – Q3 2024) Wardana, Aditya; Sasongko, Rolan Mart; Adiyatna, Hafidh Rifky; Budi, Ryan Setya; Fatmayuni, Ida Ayu
Priviet Social Sciences Journal Vol. 5 No. 9 (2025): September 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v5i9.587

Abstract

This study aims to evaluate the effect of return on assets and current ratio on firm value in LQ45 indexed companies from Q1 2021 until Q3 2024. Quantitative causal-comparative design used and a census sampling of 45 companies (675 observations), This study employs Tobin’s Q as an indicator of firm value. The analysis reveals that ROA positively and significantly influences firm value, indicating that higher profitability improves investor valuation. In contrast, there is no statistically significant relationship between CR and firm value, suggesting that liquidity is not a primary driver of market valuation. Recommendations include focusing on profitability and asset efficiency to increase firm value, while future research should explore additional variables such as firm size or leverage. The limitations of this study relate to the use of Tobin's Q as a measure of firm value, whereas other methods can also be used.
Inovasi pewarnaan ramah lingkungan dan integrasi multiplatform berbasis digital untuk penguatan UMKM kerajinan alam Pradana, Musthofa Galih; Pinastawa, I Wayan Rangga; Nyamiati, Retno Dwi; Wiryanto, Fadhli Suko; Budi, Ryan Setya; Arifuddin, Nurul Afifah; Adrezo, Muhammad; Niqotaini, Zatin
Jurnal Pembelajaran Pemberdayaan Masyarakat (JP2M) Vol. 6 No. 4 (2025)
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33474/jp2m.v6i4.24154

Abstract

Kawasan Industri Sentolo menjadi lokasi strategis bagi UMKM Jangkang Indah Craft, yang memproduksi kerajinan serat agel,  sumber daya alam yang ada di Kulon Progo. Pada tahun 2025, usaha ini menghadapi tantangan utama berupa persiapan pemasaran internasional secara mandiri, dan penggunaan pewarna ramah lingkungan pada produksi untuk keberlanjutan ekosistem yang lebih baik dan tidak menimbulkan efek ekologis yang signifikan. Untuk menjawab hal tersebut, program Pengabdian Masyarakat dilaksanakan dengan tujuan dapat memberikan pemahaman baru dalam mengelola UMKM secara menyeluruh. Kegiatan berupa sosialisasi, pendampingan dan praktek langsung pada aspek: persiapan manajemen pemasaran dengan pelatihan digital marketing menggunakan website dan platform e‑Bay. Selain itu dilakukan praktek dan pendampingan langsung melakukan pewarnaan ramah lingkungan seperi menggunakan spirulina untuk warna hijau dan ekstrak warna kuning dengan kadar kimia yang lebih rendah lebih ramah lingkungan. Pendampingan teknis dilakukan selama 3 kal dengan hasil evaluasi melalui kuesioner menunjukkan rata‑rata kepuasan peserta sebesar 4,27 (skala 1‑5), mengindikasikan penilaian berada pada skala baik. Hal ini juga selaras dengan peningkatan yang sudah terjadi dalam pendampingan sebelumnya, dimana pembuatan website dapat membangun branding awal yang baik, terbukti beberapa kemitraan sudah terjalin berkat kemudahan akses informasi pada UMKM.
ISLAMIC STOCK MARKET PERFORMANCE PRE-COVID-19: EMPIRICAL EVIDENCE FROM JAKARTA ISLAMIC INDEX Supriani, Indri; Herianingrum, Sri; Ninglasari, Sri Yayu; Budi, Ryan Setya
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 8 No. 2 (2022): JULY - DECEMBER 2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v8i2.37789

Abstract

Islamic stock market has experienced massive growth globally, including in Indonesia. This study aims to investigate the predicting factors of the Indonesian Islamic stock market that presents by the stock price of the Jakarta Islamic Index (JII). Adopted the Augmented Distributed Lag (ARDL) approach, this study uses monthly data from January 2007 to February 2020. This study uses five macroeconomic variables, namely consumer price index, exchange rate, crude oil price, world gold price, and Dow Jones Islamic Index (DJIM), to determine the JII's stock price. As a result, the JII's price volatility is significantly driven by the macroeconomic variables simultaneously. Importantly, this study reports that world gold price and DJIM return to become the most crucial factors influencing the ' 'JII's stock price volatility in short and long-run investment periods. This study has passed robustness checks by conducting three out of sample periods, namely 25%, 50%, and 75% out of sample. The 75% and 50% out of sample data revealed an identical result. Thus, this study suggests that the investor evaluates the crude oil price and world gold price fluctuation to predict the price of JII. This study offers practical implications for policymakers and practitioners and recommendations for future research.
Co-Authors Aditya Wardana, Aditya Adiyatna, Hafidh Rifky Fadhli Suko Wiryanto Fatmayuni, Ida Ayu I Wayan Rangga Pinastawa Muhammad Adrezo Musthofa Galih Pradana Niqotaini, Zatin Nurul Afifah Arifuddin Nyamiati, Retno Dwi Sasongko, Rolan Mart Sri Herianingrum Sri Yayu Ninglasari Supriani, Indri