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All Journal Jurnal Akta Research Horizon
Widiono, Ribut
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Arts Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

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Legal Protection for Consumers Against Food Products that are not Halal Certified Based on Law Number 33 of 2014 Widiono, Ribut; Prabowo, M. Shidqon; Fawaid, Bahrul
JURNAL AKTA Vol 12, No 4 (2025): December 2025
Publisher : Program Magister (S2) Kenotariatan, Fakultas Hukum, Universitas Islam Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/akta.v12i4.49601

Abstract

This study aims to analyze the legal protection provided to consumers against the circulation of food products that are not halal certified based on Law Number 33 of 2014 concerning Halal Product Assurance. The certification process involves three main institutions: the Halal Product Assurance Organizing Agency as the organizing authority, the Halal Inspection Institute as the inspection and testing institution, and the Indonesian Ulema Council as the institution that issues fatwas on halal product certification. Legal protection for Muslim consumers is reflected in the principles of protection, responsibility, and transparency of information, which are strengthened by reporting mechanisms and the imposition of sanctions on violating business actors. This study uses a normative juridical approach with descriptive analysis of legal norms to examine the provisions, enforcement mechanisms, and implications of the Halal Product Assurance Law for consumer protection. The results show that although the Halal Product Assurance Law provides a strong legal basis, its implementation is still hampered by weak supervision, lack of socialization, and limited coordination between institutions. Therefore, it is necessary to strengthen Halal Product Assurance Organizing Agency, increase public awareness, and align halal policies with consumer protection regulations to ensure legal certainty and public trust.
The Effect of Managerial Ownership, Institutional Ownership, Dividend Payout Ratio, and Debt to Equity Ratio on Stock Price Widiono, Ribut; Yuniarwati
Research Horizon Vol. 5 No. 6 (2025): Research Horizon - December 2025
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.5.6.2025.946

Abstract

Stock price movements represent market responses to corporate governance and financial policy decisions. This study analyzes the factors influencing stock prices in manufacturing companies listed on the Indonesia Stock Exchange during the 2022–2024 period. The variables examined include managerial ownership, institutional ownership, dividend payout ratio, and debt-to-equity ratio. This research adopts a quantitative approach using secondary data obtained from audited annual reports and financial statements. The sample was determined through purposive sampling, consisting of manufacturing firms that operated consecutively for three years, reported financial statements in IDR, distributed dividends, and did not experience consecutive losses. Using these criteria, 20 companies were selected, resulting in 60 firm-year observations. Data were analyzed using Partial Least Squares Structural Equation Modeling to examine the direct effects of the independent variables on stock prices. The results indicate that managerial ownership, institutional ownership, DPR, and DER significantly influence stock prices. Organizational and institutional ownership enhance investor confidence, dividend policy serves as a positive signal of firm performance, and capital structure affects investors’ perceptions of risk. These findings provide implications for investors and corporate management in investment decision-making. However, this study is limited to a specific sample and period and does not include mediating or moderating variables.
Co-Authors Bahrul Fawaid Muchammad Shidqon Prabowo Yuniarwati