Rumah Jurnal Institut Pesantren KH. Abdul Chalim
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The Influence of Company Size, Managerial Ownership, and Institutional Ownership on Company Value: An Empirical Study on Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange for the 2021–2024 Period
No full textThis study aims to evaluate the influence of company size, managerial ownership, and institutional ownership on company value in manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024. In this study, the value of the company is expressed in the form of a Price to Book Value (PBV) ratio. The approach used is quantitative with the type of associative research. The selection of samples was carried out purposively and resulted in 80 companies as research objects. The test results showed that the three independent variables, either individually or together, did not have a significant influence on the company's value. This is evidenced by the significance value of the F test of 0.418 and the coefficient of determination (R²) of 0.036, which indicates that the model is only able to explain 3.6% of the total variation in the company's value. These findings indicate that the internal factors studied have not been able to explain the change in company values substantially, so exploration of other variables in follow-up studies is needed to gain a more comprehensive understanding
The Effect of Investment Policy, Dividend Policy, and Profitability on Firm Value with Firm Size as a Moderating Variable in the Banking Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2021–2023
Get PDFThis study investigates the influence of investment policy, dividend policy, and profitability on firm value, using firm size as a moderating variable in banking companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period. The research employs a quantitative approach with data gathered from 16 banks, yielding 48 observations. Analysis was conducted using Structural Equation Modeling based on Partial Least Squares (PLS-SEM). The findings show that investment policy and profitability have a positive and significant effect on firm value, while dividend policy exerts a positive but not statistically significant influence. Firm size significantly moderates the relationship between investment policy and profitability with firm value, indicating its amplifying role in enhancing these effects. However, firm size does not moderate the influence of dividend policy. These results highlight the importance of strategic investment and profitability management in increasing firm value, particularly in larger firms with more resources. The study contributes both theoretically and practically by offering insights into how internal financial decisions interact with firm characteristics in shaping company valuation. It also provides a relevant framework for financial managers and investors in the post-pandemic recovery phase. This research supports data-driven strategies to enhance long-term competitiveness and market confidence
Dynamics of Provincial Per Capita GNP in Indonesia Modeling with GMM Dynamic Panel Econometric Approach
Get PDFThis research aims to analyze determinants factors of economic growth among provinces in Indonesia during the period of 2016–2022 using a dynamic panel data approach. Gross Regional Domestic Product (GRDP) per capita serves as the main indicator of regional economic performance. The independent variables include road length, number of schools, average length of schooling, life expectancy, labor force participation rate (TPAK), skilled labor, and the Information and Communication Technology Development Index (ICT-DI). The estimation results show that human capital variables, especially average length of schooling and life expectancy, have a positive and significant effect on increasing GRDP per capita. The TPAK variable also shows a significant contribution in driving economic growth. On the other hand, physical infrastructure variables such as road length and number of schools have a significant negative effect, indicating that infrastructure development is not effective enough if it is not accompanied by an increase in quality and utilization. The skilled labor and ICT-DI variables do not show a statistically significant effect, indicating that there is still a gap between technological capacity and workforce skills. In addition, this research finds a process of economic convergence among provinces, with a convergence speed of 0.5094, which means around 50% of the gap in GRDP per capita can be corrected within one year. This finding emphasizes the importance of a development strategy that balances physical investment and strengthens the quality of human resources and digital transformation to support sustainable and inclusive regional economic growth.Penelitian ini bertujuan untuk menganalisis faktor-faktor determinan pertumbuhan ekonomi antarprovinsi di Indonesia selama periode 2016–2022 dengan menggunakan pendekatan data panel dinamis. Produk Domestik Regional Bruto (PDRB) per kapita digunakan sebagai indikator utama kinerja ekonomi daerah. Variabel independen yang digunakan meliputi panjang jalan, jumlah sekolah, rata-rata lama sekolah, umur harapan hidup, tingkat partisipasi angkatan kerja (TPAK), tenaga kerja terampil, dan Indeks Pembangunan Teknologi Informasi dan Komunikasi (IPTIK). Hasil estimasi menunjukkan bahwa variabel modal manusia, khususnya rata-rata lama sekolah dan umur harapan hidup, memiliki pengaruh positif dan signifikan terhadap peningkatan PDRB per kapita. Variabel TPAK juga menunjukkan kontribusi signifikan dalam mendorong pertumbuhan ekonomi. Sebaliknya, variabel infrastruktur fisik seperti panjang jalan dan jumlah sekolah memiliki pengaruh negatif yang signifikan, menunjukkan bahwa pembangunan infrastruktur belum cukup efektif apabila tidak diiringi dengan peningkatan kualitas dan pemanfaatannya. Variabel tenaga kerja terampil dan IPTIK tidak menunjukkan pengaruh signifikan secara statistik, mengindikasikan masih adanya kesenjangan antara kapasitas teknologi dan keterampilan tenaga kerja. Selain itu, penelitian ini menemukan adanya proses konvergensi ekonomi antarprovinsi dengan kecepatan konvergensi sebesar 0,5094, yang berarti sekitar 50% kesenjangan PDRB per kapita dapat dikoreksi dalam satu tahun. Temuan ini menekankan pentingnya strategi pembangunan yang menyeimbangkan investasi fisik dan penguatan kualitas sumber daya manusia serta transformasi digital untuk mendukung pertumbuhan ekonomi daerah yang berkelanjutan dan inklusif
The Influence of Compensation and Work Environment on Employee Performance Mediated by Employee Engagement at PT. XYZ
Get PDFTechnology has advanced with the use of AI, but human resources, as the primary asset in achieving company goals, remain irreplaceable. The current performance problem is low employee performance. The purpose of this study is to analyze the effect of compensation on employee performance, compensation on employee engagement, the work environment on employee performance, the work environment on employee engagement, and employee engagement on employee performance. The number of respondents was 200 respondents. The research sample was determined using stratified random sampling. Data analysis in this study used SEM PLS to determine the effect of independent variables on the dependent variable. The SEM PLS analysis results indicate that compensation affects employee engagement, the work environment has a positive effect on employee performance, and employee engagement has a positive effect on employee performance. However, compensation hurts employee performance, while the work environment does not affect employee engagement. The AHP analysis results indicate that compensation is the primary factor in improving employee performance. The conclusion of the study states that although compensation has a negative effect on employee performance, if it is not fulfilled it will cause job dissatisfaction, therefore employee compensation must be considered and increased by employees in order to create a bond between employees and the company which will improve employee performance in the future. 
Analysis of Cybersecurity Awareness and Behavior Among Students of IPB University: An Integration of Protection Motivation Theory and Theory of Planned Behavior
Get PDFThis study aims to analyze the factors influencing cybersecurity awareness and behavior among students of IPB University by integrating the Protection Motivation Theory (PMT) and the Theory of Planned Behavior (TPB). Data were collected through an online survey involving 255 students and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that behavioral intention and awareness significantly influence cybersecurity behavior. Variables such as attitude, subjective norms, response efficacy, and perceived severity contribute significantly to shaping intention and awareness, whereas perceived vulnerability and self-efficacy do not directly affect intention. These results reinforce the validity of integrating PMT and TPB in explaining cybersecurity behavior determinants and offer practical implications for developing evidence-based cybersecurity literacy programs in academic settings
The Influence of Organizational Culture on Financial Reporting Quality: The Mediating Role of Innovation, Risk Management Implementation, and Sustainability Reporting in Sharia Rural Bank
Get PDFThis study aims to analyze the influence of organizational culture on the quality of financial reporting in Sharia Rural Bank (BPRS) in Indonesia, by examining the mediating roles of risk management implementation, innovation, and sustainability reporting. The primary issue addressed in this research is the high closure rate of BPRS, which is largely attributed to the lack of integrity and transparency in financial reporting. A quantitative research approach was employed, utilizing purposive sampling techniques to collect data from 129 respondents, including directors, managers, and division heads across various BPRS institutions. Data were gathered through an online questionnaire and analyzed using the SmartPLS software. The findings reveal that organizational culture has a significant positive effect on risk management effectiveness, innovation, and sustainability reporting, all of which subsequently contribute to enhancing financial reporting quality. Moreover, the mediating variables are proven to strengthen the relationship between organizational culture and financial reporting quality. Based on these findings, it is recommended that BPRS institutions foster a corporate culture that promotes innovation, effective risk management, and sustainability in order to ensure reliable and Sharia-compliant financial reporting. Future research is encouraged to explore additional influencing factors, such as corporate governance and information technology, within the context of Islamic banking
English
No full textImproving the effectiveness and accountability of local financial management is a major concern in Indonesia’s fiscal decentralization policy. Local government financial performance serves as a critical benchmark in evaluating fiscal management under regional autonomy. In practice, many local governments remain highly dependent on central transfers and fail to optimize capital spending due to weak budget planning, supervision, and institutional capacity. This study investigates the effects of capital expenditure and audit opinion on local government financial performance, with government size as a moderating variable. The study focuses on eight regencies and cities in Banten Province from 2015 to 2023, using a quantitative approach with secondary data analyzed through multiple linear regression and interaction analysis. The results show that capital expenditure has a negative and significant effect on financial performance, indicating inefficiency in managing long-term investments. Audit opinion has no significant influence, either directly or when moderated. However, government size strengthens the negative effect of capital expenditure on performance. This study addresses a gap in empirical literature by incorporating government size as a moderating variable to explain prior inconsistencies and to offer a deeper understanding of fiscal capacity in decentralized governance. The findings highlight the importance of improving fiscal and institutional quality to ensure that capital spending effectively contributes to sustainable local financial independence
Linking Environmental Orientation, Performance, Green Business Strategy: On Mediating Role of Top Management Environmental Awareness Financial Based in SMEs
Get PDFThis study has a topic regarding the role of top management environmental awareness (TMEA) in mediating the correlation between environmental orientation (EO) and environmental performance (EP) with the adoption of green business strategy (GBS) among small and medium enterprises (SMEs) in Gresik, Indonesia. Using a quantitative approach, there is 151 SMEs data collected then analyzed with Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal that EO and EP do not directly influence GBS. Instead, both significantly affect TMEA, which in turn mediates their impact on GBS. Moreover, SMEs' performance (SP) demonstrates a significant effect on GBS, underscoring the importance of firm performance as a control variable. These findings contribute to the Resource-Based View (RBV) and Dynamic Capabilities theory by positioning managerial awareness as a critical intangible capability that enables firms to translate environmental orientations into strategic actions. Stakeholder Theory is also supported, as external pressures prove effective only when internalized by top managers. The study provides practical implications for SME managers, highlighting the need to enhance managerial environmental awareness through training and leadership development. Limitations include the geographic focus on Gresik and the cross-sectional design, which restricts generalizability and causal inference. Future research should extend to broader contexts and adopt longitudinal methods. Overall, the study advances theoretical and practical understanding of how managerial awareness fosters green strategies in SMEs
The Influence of Financial Literacy, Income, and Lifestyle on Real Asset Investment Decisions among Police Officers at Sanggau Police Department, Sanggau Regency
Get PDFThis study aims to analyze the influence of financial literacy, income, and lifestyle on real asset investment decisions among police officers at the Sanggau Police Department. The research employed a quantitative associative method involving 150 respondents. Data were collected through questionnaires and analyzed using multiple linear regression with SPSS software. The results show that financial literacy, income, and lifestyle have a positive and significant effect on investment decisions. The regression equation obtained is Y = 1.070 + 0.155X₁ + 0.254X₂ + 0.297X₃, with R = 0.623 and R² = 0.388. The F-test (F = 26.137; sig = 0.000) and t-tests confirmed that all three variables significantly affect investment decisions. These findings indicate that strong financial literacy, stable income, and prudent lifestyle choices encourage rational investment behavior. Future research should include variables such as digital literacy, financial confidence, or investment motivation to broaden the understanding of individual investment behavior
IMPLEMENTASI RESTORATIVE JUSTICE TERHADAP PENYELESAIAN KASUS ANAK BERHADAPAN DENGAN HUKUM DI POLRES MADINA DALAM PERSPEKTIF HUKUM ISLAM
No full textThis research is motivated by the need for a more humanistic approach toward children in conflict with the law compared to the conventional criminal justice system, which tends to be punitive. The main objective of this study is to examine the implementation of restorative justice at the Mandailing Natal Police, identify its supporting and inhibiting factors, and analyze it within the framework of Islamic law. This study employs a qualitative method with a juridical-sociological approach. Data were collected through interviews, observations, and documentation involving law enforcement officers and related parties. The findings reveal that restorative justice has been applied primarily to minor offenses such as theft and minor assault through penal mediation involving the offender, the victim, and their families. Supporting factors include a strong legal foundation and local cultural values that uphold peace and reconciliation, while inhibiting factors consist of limited investigative resources and a lack of public understanding. From the perspective of Islamic law, restorative justice aligns with the principles of islah (reconciliation), afwu (forgiveness), and diyat (compensation), which emphasize the restoration of social relationships and the achievement of communal welfare. Therefore, the implementation of restorative justice at the Mandailing Natal Police reflects a harmony between positive law and the moral values of justice in Islam.Penelitian ini dilatarbelakangi oleh kebutuhan akan pendekatan yang lebih humanis terhadap anak yang berhadapan dengan hukum dibandingkan dengan sistem peradilan pidana konvensional yang bersifat menghukum. Tujuan utama penelitian ini adalah untuk mengkaji penerapan restorative justice di Polres Mandailing Natal, mengidentifikasi faktor pendukung dan penghambatnya, serta menganalisisnya dalam kerangka hukum Islam. Penelitian ini menggunakan metode kualitatif dengan pendekatan yuridis-sosiologis. Data dikumpulkan melalui wawancara, observasi, dan dokumentasi yang melibatkan aparat penegak hukum serta pihak-pihak terkait. Hasil penelitian menunjukkan bahwa restorative justice telah diterapkan terutama pada tindak pidana ringan seperti pencurian dan penganiayaan ringan melalui mediasi penal yang melibatkan pelaku, korban, dan keluarga masing-masing. Faktor pendukungnya meliputi landasan hukum yang kuat serta nilai-nilai budaya lokal yang menjunjung tinggi perdamaian, sedangkan faktor penghambatnya adalah keterbatasan sumber daya penyidik dan kurangnya pemahaman masyarakat. Dalam perspektif hukum Islam, restorative justice sejalan dengan prinsip islah (perdamaian), afwu (pemaafan), dan diyat (ganti rugi), yang menekankan pada pemulihan hubungan sosial serta pencapaian kemaslahatan bersama. Dengan demikian, penerapan restorative justice di Polres Mandailing Natal mencerminkan adanya keharmonisan antara hukum positif dan nilai-nilai moral keadilan dalam Islam