Abstract:Stock prices represent the market’s consensus regarding the fair value of a business entity, formed through a rational assessment of both financial and non-financial information. Within the frameworks of signaling theory…
ry and market efficiency, financial ratios serve as fundamental indicators reflecting a company's ability to generate profit, manage assets, and maintain short-term liquidity stability. When the market faces systemic disruptions, such as the COVID-19 pandemic, and transitions toward post-pandemic normalization, investor sensitivity to internal indicators tends to increase due to heightened external uncertainty. Consequently, a deep understanding of the internal determinants of stock prices becomes increasingly critical for data-driven investment decision-making. This study aims to empirically examine the effect of the Current Ratio (CR), Return on Assets (ROA), and Total Asset Turnover (TATO) on stock prices, both partially and simultaneously, in companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. A quantitative approach was employed, using a descriptive-verificative design and secondary data drawn from audited financial statements and annual closing stock prices. The sample consisted of 91 companies selected through purposive sampling, and the data were analyzed using multiple linear regression with SPSS version 27. The analysis results indicate that all three independent variables have a positive and significant impact on stock prices, both individually and collectively. This study contributes to the capital market literature by highlighting the relevance of financial ratios in explaining stock price fluctuations in the post-pandemic period, a topic that remains underexplored in the context of developing countries.
Abstract:Electricity has become an essential need in daily life and is a primary resource that supports various economic activities. Along with the growth of the population, technological advancements, and increased investments,…
the demand for electricity supply is projected to continue rising. In Indonesia, PLN (Perusahaan Listrik Negara) is the main electricity provider, but it often faces challenges in meeting this demand, especially with frequent power outages that disrupt industrial and societal activities. To address this issue, many companies have turned to using generator sets (gensets) as an alternative solution to ensure a stable energy supply. Although the use of gensets provides energy independence, it requires a significant investment. Therefore, an in-depth analysis of the efficiency and economic feasibility of using gensets is necessary. This study aims to analyze the use of gensets at PT. Teladan Prima Agro Bukit Permata Mill, located in Kaubun, East Kutai, focusing on technical-economic aspects such as Present Value (PV), Future Value (FV), Net Present Value (NPV), Internal Rate of Return (IRR), and Break Even Point (BEP). Data collected directly from the field includes genset specifications, electricity load, energy consumption, fuel usage, and genset operations. The analysis results indicate that the 455 KVA genset is capable of meeting the factory's electricity needs with an initial cost of IDR 649,649,996. The NPV calculation shows a value of IDR 880,380,813, with an IRR of 6.63%. The BEP is achieved in the 12th month with a profit of IDR 109,645,114. Based on these results, the operation of the genset at PT. Teladan Prima Agro Bukit Permata Mill is considered feasible and profitable in the long term.
Abstract:The capital market has become a cornerstone of modern economies, facilitating the flow of funds between investors and business entities to support growth and innovation. However, interest in investing in the Indonesian capital…
apital market still faces significant challenges, particularly in terms of risk understanding, perception, and individual motivation for investment. This research aims to explore the factors influencing individual investment interest in PT. Indonex Bangun Investama, a key player in the Indonesian capital market. The research adopts a quantitative approach involving 82 active investors of PT. Indonex Bangun Investama. Data analysis utilizes various statistical techniques such as normality tests, multicollinearity tests, and multiple linear regression analysis to examine the impact of risk, motivation, and investment knowledge variables on investment interest. The analysis results indicate that risk and motivation significantly affect investment interest, while investment knowledge, although important, does not significantly influence investment interest individually. These findings provide deeper insights into the psychological and economic factors underlying individual investment decisions in the Indonesian capital market. The implications of this research suggest the need for a more holistic and strategic educational approach to enhance financial literacy and effective risk mitigation in individual investment strategies. Thus, this research makes a significant contribution to the development of education strategies and risk management in the Indonesian capital market context, laying a foundation for further discussions on expanding accessibility and participation in investment among the public.
Abstract:The rapid development of globalization compels companies to enhance the quality of their products and services to compete in the market. The primary goal of companies is to maximize corporate value, which reflects the well-being…
ll-being of shareholders and attracts investors’ interest. Corporate value is often gauged by the stock price in the capital market, making it crucial for companies to plan sound financial strategies. This research focuses on the banking sector listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023, evaluating the influence of investment policy, dividend policy, and profitability on corporate value. The study employs a descriptive quantitative method using secondary data from the companies’ financial reports. Multiple linear regression analysis is used to assess the relationships between these variables. The results indicate that investment policy and profitability have a positive but not significant effect on corporate value, while dividend policy has a significant positive impact. Corporate value is also affected by stock price fluctuations, which are often inconsistent. These findings affirm that dividend policy is a crucial factor in enhancing corporate value, while investment policy and profitability, although important, do not have a significant impact within the study period. Overall, these independent variables collectively have a significant influence on corporate value in the banking sector on the IDX. This research provides insights for company management in formulating effective strategies to increase corporate value.
Abstract:Tourism and the creative industry have an inseparable link, these two things are an emotional link between visitors and the tourist destinations they visit, namely in the form of souvenirs, as mementos to take home after…
traveling. Advances in digital technology have increased the distribution of information related to work and creativity so that the risk of work theft and copyright infringement is very vulnerable to occurring and this can be detrimental to creative industry players. This research uses qualitative methods with a literature approach in the form of laws, government regulations, articles and books that are relevant to the research topic. This research aims to provide an understanding of the importance of registering Intellectual Property Rights for creative industry to ensure the law protection of the intellectual property that has been created. The research results show that every creative industry player needs to register copyrighted works with the Directorate General of Intellectual Property. Apart from that, synergy is needed between the Government and the public in increasing awareness of creators or creative industry players to register copyrighted works as Intellectual Property Rights through regulations and facilities provided by the authorized government institution, namely the Directorate General of Intellectual Property, Ministry of Law and Rights. Indonesian Human Rights so that creative works receive legal protection.
Abstract:This research was conducted in the Food and Beverage sector companies listed on the Indonesia Stock Exchange during the period 2017-2021 with the title "Analysis of Activity, Liquidity, and Solvency on Profitability in Food…
ood and Beverage Companies Listed on the Indonesia Stock Exchange (IDX) Period 2017-2021." The data used in this study is quantitative data from secondary sources. The sample was selected using purposive sampling based on specific criteria, with 27 companies selected as samples, making a total of 135 companies studied from the period 2017-2021. The research technique used was multiple linear regression analysis.Partially, the findings of this research state that: 1) Activity has a positive and significant effect on profitability, indicated by a significant value of 0.052 ≤ 0.05 and a t-value of 1.963 > 1.65648. 2) Liquidity has a positive and significant effect on profitability, with a significant value of 0.044 ≤ 0.05 and a t-value of 2.038 > 1.65648. 3) Solvency has a positive and significant effect on profitability, with a significant value of 0.000 ≤ 0.05 and a t-value of 18.944 > 1.65648. 4) Simultaneously, activity, liquidity, and solvency have a positive and significant effect on profitability, as indicated by a significant value of 0.000 < 0.05 and an F-value of 147.949 > 3.07. The determination test shows that 76.7% of the variations in activity, liquidity, and solvency affect profitability, while 23.3% (100% - 76.7%) is influenced by other factors beyond the independent variables studied in food and beverage companies listed on the IDX from 2017 to 2021.
Abstract:Bahwa konseling adalah suatu bentuk hubungan tolong-menolong, arti pendampingan itu sendiri adalah sebagai usaha untuk membantu orang lain agar mereka berkemampuan berkembang menjadi bentuk yang mereka pilih sendiri, mampu…
pu menghadapi krisis yang dialami dalam kehidupannya. Konseling kelompok Realitas Corey dan Konseling kelompok Adler Metode dalam penelitian ini yakni pendekatan kualitatif, dengan desain penelitian ini adalah kajian pustaka. Selanjutnya setelah data yang diperoleh dianalisis dengan teknik content analysis Hasil penelitian menunjukan 1) Konseling realitas adalah bentuk terapi yang diarahkan pada perilaku saat ini dan konseling adalah proses realitas pikiran. Konseli diarahkan untuk memupuk tanggung jawab bagi dirinya sendiri. 2) Dalam melakukan pendekatan konseling yang dicetuskan oleh Adler, ialah bagian terpenting yang perlu dirubah untuk membantu individu dari permasalahan. 3) perbedaan konseling kelompok dua tokoh terletak konseling realitas adalah bentuk terapi yang dipusatkan pada perilaku saat ini dan konseling realitas adalah proses yang rasional, sedangkan kelompok pendekatan Adlerian tekanan efektifitas keterkaitan kerjasama antara konselor dan konseli dalam membangun tujuan konseling di samping sikap saling terbuka dan rasa rasa hormat. pembahasan sari penelitian ini sama-sama fokus terapi untuk memecah masalah dalam peserta didik 3) perbedaan konseling kelompok dua tokoh terletak konseling realitas adalah bentuk terapi yang dipusatkan pada perilaku saat ini dan konseling realitas adalah proses yang rasional, sedangkan kelompok pendekatan Adlerian tekanan efektifitas keterkaitan kerjasama antara konselor dan konseli dalam membangun tujuan konseling di samping sikap saling terbuka dan rasa rasa hormat. pembahasan sari penelitian ini sama-sama fokus terapi untuk memecah masalah dalam peserta didik 3) perbedaan konseling kelompok dua tokoh terletak konseling realitas adalah bentuk terapi yang dipusatkan pada perilaku saat ini dan konseling realitas adalah proses yang rasional, sedangkan kelompok pendekatan Adlerian tekanan efektifitas keterkaitan kerjasama antara konselor dan konseli dalam membangun tujuan konseling di samping sikap saling terbuka dan rasa rasa hormat. pembahasan sari penelitian ini sama-sama fokus terapi untuk memecah masalah dalam peserta didik
Abstract:Penelitian ini membahas tentang konflik sikap yang dialami oleh individu yang mengalami kerasukan setan, terutama dalam konteks menyembah atau menolak Kristus-Ilahi. Kuasa roh-roh jahat ada disekeliling umat manusia untuk…
k menjauhkan umat-Nya dari percaya kepada Allah, namu Allah menunjukan bahwa Ia lebih berkuasa yang sanggup menaklukkan setiap kuasa kegelapan. Penelitian ini berfokus pada analisis naratif pada bagian Alkitab dari Markus 5, di mana seorang pria kerasukan setan berhadapan langsung dengan Yesus Kristus. Metode penelitian yang digunakan adalah analisis teks Alkitab dan pendekatan kualitatif dalam menginterpretasi narasi yang ada. Data dikumpulkan dari teks Alkitab Markus 5 dan kajian literatur lainnya, dengan fokus pada karakteristik dan tindakan individu yang kerasukan setan. Hasil penelitian menunjukkan bahwa konflik sikap dalam cerita Markus 5 mencerminkan perjuangan internal yang mendalam antara kekuatan spiritual yang bertentangan. Di satu sisi, sikap individu yang kerasukan setan cenderung berupaya untuk menyembah Kristus-Ilahi, yang menunjukkan adanya keinginan untuk dibebaskan dari pengaruh jahat setan. Di sisi lain, terdapat sikap menolak Kristus-Ilahi yang berasal dari kekuatan setan yang berusaha untuk mempertahankan dominasinya atas individu tersebut dan masyarakat sekitar.
Abstract:Kegiatan pengabdian masyarakat ini bertujuan untuk mendampingi UMKM Kue Balok Boga Rasa dalam menyusun strategi peningkatan daya saing melalui pendekatan analisis SWOT dan Matriks QSPM. UMKM Kue Balok Boga Rasa merupakan…
salah satu pelaku usaha oleh-oleh khas Bandung yang membutuhkan pendampingan strategis agar mampu menghadapi dinamika persaingan industri kuliner yang semakin ketat. Metode pengabdian dilaksanakan melalui pendampingan langsung berupa observasi lapangan, wawancara mendalam dengan pemilik usaha, serta penyusunan analisis strategis. Hasil pendampingan menunjukkan bahwa Kue Balok Boga Rasa memiliki kekuatan pada kualitas produk premium, variasi rasa lebih dari 20 varian, dan citra sebagai oleh-oleh khas Bandung. Nilai Matriks IFE sebesar 3,04 dan Matriks EFE sebesar 3,00 mengindikasikan kondisi internal dan eksternal yang kuat. Berdasarkan Matriks IE, usaha berada pada posisi pertumbuhan intensif. Melalui analisis QSPM, strategi penetrasi pasar direkomendasikan sebagai prioritas utama dengan Total Attractiveness Score (TAS) tertinggi sebesar 6,47. Pendampingan ini menghasilkan rekomendasi strategis yang siap diterapkan untuk memperluas pangsa pasar, mengoptimalkan pemasaran digital, dan memperkuat branding sebagai oleh-oleh khas Bandung.
Abstract:Kegiatan pengabdian kepada masyarakat ini dilaksanakan pada UMKM Kedai Tahu Bakso Batununggal (Kedai TBB) di Kota Bandung yang menghadapi beberapa permasalahan, antara lain pelayanan yang belum optimal, branding yang masih…
asih fokus pada produk tahu bakso, serta perlunya strategi pengembangan usaha untuk meningkatkan daya saing.
Kegiatan ini bertujuan membantu mitra dalam mengidentifikasi kondisi internal dan eksternal usaha serta merumuskan
strategi pengembangan yang sesuai. Metode yang digunakan adalah pendampingan partisipatif melalui observasi,
wawancara, dokumentasi, serta analisis SWOT (Strengths, Weaknesses, Opportunities, Threats) dan Quantitative
Strategic Planning Matrix (QSPM). Hasil analisis menunjukkan bahwa Kedai TBB memiliki skor Internal Factor
Evaluation (IFE) sebesar 2,93 dan External Factor Evaluation (EFE) sebesar 2,90 sehingga berada pada posisi Growth
Stability dalam Matriks Internal-External. Berdasarkan hasil QSPM, strategi penetrasi pasar memperoleh nilai Total
Attractiveness Score (TAS) tertinggi sebesar 6,99 dibandingkan strategi pengembangan pasar (5,32) dan
pengembangan produk (4,91). Oleh karena itu, strategi penetrasi pasar direkomendasikan melalui penguatan pemasaran
digital, optimalisasi platform online, serta peningkatan kualitas pelayanan guna mendukung pertumbuhan usaha yang
berkelanjutan.