Return : Study of Management, Economic and Bussines

The Role of Corporate Governance Perception Index Score in Increasing Stock Prices

Anas Anas, Sri Hartono — Sat, 14 Dec 2024 00:00:00 +0000

This study analyzes the role of Corporate Governance, specifically using the Corporate Governance Perception Index Score (CGPI), in moderating the influence of Revenue, Net Profit Margin, and Return on Equity on stock prices of companies ranked in the Corporate Governance implementation ranking conducted by the Indonesian Institute for Corporate Governance (IICG). This study uses quantitative research, the population for this study includes all companies that participated in the CGPI ranking from 2014 to 2022, with the criterion of having ranking data for at least five consecutive years, resulting in data from nine companies. The statistical analysis employed descriptive analysis and Moderated Regression Analysis using E-views software, as the data type is panel data, which combines cross-sectional and time-series data. The analysis indicated that among the three independent variables examined, only Return on Equity had a positive effect on stock prices. In contrast, Revenue and Net Profit Margin did not significantly affect stock prices and tended to signal negative implications. After including Corporate Governance as a moderating variable, the results indicated that Corporate Governance could only slightly strengthen the influence of Revenue on stock prices. However, it was not effective in enhancing the influence of Net Profit Margin or Return on Equity on stock prices.

The Role of Village Websites in Increasing Community Participation: A Case Study of Batur Village, Semarang Regency

Adhi Susano, Meida Rachmawati — Fri, 20 Dec 2024 00:00:00 +0000

This study aims to analyze the role of village websites in enhancing community participation in Batur Village, Getasan District, Semarang Regency. With a total population of 7,600, the research employed a simple random sampling method to select 100 respondents. Data were collected through a questionnaire that included questions regarding the level of access and use of the village website and participation in village activities. Data analysis was conducted using statistical tests, including Pearson Correlation Test and T-Test, to determine the relationship between website usage and community participation. The results showed a positive and significant relationship between the frequency of accessing the village website and the level of community participation, where respondents who actively used the website tended to be more involved in village activities, such as consultations and development programs. Comparative analysis also revealed significant differences between active users and non-active users of the website. Although the village website has significant potential to enhance participation, challenges such as a lack of community awareness and technological accessibility hinder its utilization. The study recommends that village officials be more proactive in educating the community about the importance of the website and providing relevant information to increase participation. Thus, the village website can serve as an effective means to enhance transparency and community engagement in the village development process.

Analysis of Teacher Performance in Improving the Learning Quality of Class XI TKJ Students at the Nias Adventist Vocational High School

Elfarida Sinaga, Laura Lahindah — Fri, 20 Dec 2024 00:00:00 +0000

Education is the most important thing in the process of advancing a nation's civilization, with education, the exploration and empowerment of potential can be maximized to help direct humans to become better individuals. This research aims to analyze teacher performance in improving the quality of learning for class XI TKJ students at the Nias Adventist Vocational High School. The method used is a qualitative approach with data collection techniques through observation, interviews and documentation. The research variables consist of: teacher performance (x) and student learning quality (Y). The results of the analysis show that good teacher performance, characterized by careful learning planning, use of varied teaching methods, and positive interactions with students, contributes significantly to improving the quality of student learning. Apart from that, support for learning facilities and parent participation also play an important role in supporting the teaching and learning process. This research concludes that to improve the quality of student learning, there needs to be a synergy between teacher performance, school support and parental involvement.

Determining Factors of Brand Loyalty on the Use of Social Media for Marketing with Brand Trust Playing a Mediating Role

Erwin Setiawan, Nugraha Saefudin — Fri, 20 Dec 2024 00:00:00 +0000

The high level of social media use by Indonesian people has led companies to use it as a means of marketing communication for a brand. The study try to examine the direct and indirect impacts on brand loyalty of the use of social media for marketing activities through brand trust as a mediator. The method used associative research with a research sample of 150 customers of Cafe Kopi Salarea, Bandung. The study proves that there was a direct and indirect effect social media marketing on brand loyalty through brand trust. While content marketing hasn’t a direct effect but has an indirect effect through brand trust. The results expand on the findings of earlier research that are still rare and can be used to develop subsequent research models. Marketing through social media is an effective strategy for companies to increase brand trust and brand loyalty. The findings of this study highlight the significant role of social media marketing in fostering brand loyalty, both directly and indirectly through brand trust. While content marketing does not have a direct effect on brand loyalty, its influence is mediated effectively by brand trust. These results emphasize the importance of social media as an impactful marketing strategy for enhancing brand trust and loyalty, providing valuable insights for companies aiming to strengthen their brand positioning in the digital era.

The Influence of School Principal Leadership, Work Environment, and Work Discipline on Teacher Performance at Yapparindo Klungkung Tourism Vocational School

I Ketut Mandia, Tongam Sirait — Fri, 20 Dec 2024 00:00:00 +0000

This research aims to identify the influence of school principal leadership, work environment, and work discipline on teacher performance at Yapparindo Tourism Vocational School. The research method used is quantitative with a multiple linear regression approach. The population in this study consists of all teachers at Yapparindo Tourism Vocational School, while the sample includes 56 teachers. The results of the regression analysis indicate that simultaneously, the three independent variables (school principal leadership, work environment, and work discipline) significantly affect teacher performance. However, partially, only the work discipline variable has a significant effect on teacher performance. Although the school principal leadership and work environment variables are not statistically significant, they remain important as both play a crucial role in creating a conducive work atmosphere. The coefficient of determination (R-square) obtained shows that the constructed regression model can only explain a small portion of the variation in teacher performance. This indicates that there are still other factors not covered in this study that also influence teacher performance. Based on the research findings, it is recommended that Yapparindo Tourism Vocational School focus more on improving teachers' work discipline. Additionally, the school needs to continually strive to enhance the quality of school principal leadership and improve working conditions. For future research, it is suggested to examine other factors that may affect teacher performance, such as work motivation, workload, and support from colleagues.

The Influence of Pedagogic Competence and Teacher Motivation on The Leadership Style of Principals at Nias Advent Private Junior High School

Jaya Adil Harefa, Laura Lahindah — Fri, 20 Dec 2024 00:00:00 +0000

This research aims to analyze whether the principal's leadership style influences the pedagogical competence and motivation of teachers at Adventist Nias Private Middle School. The method used is qualitative. The research variables consist of: teacher pedagogical ability (X1), teacher motivation (X2), and leadership style (Y). This research was conducted at Nias Hilina'a Tafuo Adventist Private Middle School, Idanogawo District, Nias Regency, North Sumatra. This research uses a quantitative approach with a survey method with simple linear regression analysis. The results of the research, the calculated t value of the pedagogical competency variable is 2.376 > t table value 2.034 and the significant value is 0.024 < 0.05, so Ha is accepted and Ho is rejected, which means that the pedagogical competency variable has an effect on leadership style. The calculated t value of the motivation variable is 4,118 > t table value 2.034 and the significant value is 0.000 < 0.05, so Ho is rejected and Ha is accepted, which means that the motivation variable has an effect on leadership style.

Legal and Ethical Void in the Implementation of Stem Cell Technology in Indonesia

Lia Marliana, Evita Isretno Israhadi — Fri, 20 Dec 2024 00:00:00 +0000

This study examines the legal gaps and ethical challenges in stem cell technology utilization in Indonesia. Stem cell technology in embryonic stem cells offers great potential in the medical field but also faces controversies and complex regulatory issues. The study identifies the legal gaps in current regulations and their impact on legal certainty for researchers, medical practitioners, and patients. It also analyzes the limitations of existing rules and proposes legal reformulation to address rapid technological developments and emerging ethical issues. The methodology in this study uses normative legal methods with legislative and analytical approaches to evaluate regulations related to stem cells in Indonesia. The findings of this study are expected to guide effective regulatory reform to support safe and ethical innovation of stem cell technology in Indonesia. It concludes that the legal void in stem cell technology regulation creates challenges such as uncertainty for stakeholders, security and ethical risks, and hindered research progress, necessitating comprehensive legal reform to establish clear guidelines, update security standards, integrate ethics, ensure transparency, and align with international standards to support safe innovation and protect public welfare.

Legal Vacuum Regarding the Filling of Regional Heads During the Transition Period of the 2024 Simultaneous Regional Elections

Rustam Rustam, Megawati Barthos — Fri, 20 Dec 2024 00:00:00 +0000

This study explores the legal vacuum in filling regional head positions during the transitional period of the 2024 Simultaneous Regional Elections in Indonesia. The transitional period poses challenges in appointing interim regional heads, as existing regulations lack clarity on authority, responsibilities, and legitimacy. This research aims to analyze the gaps in the legal framework and provide recommendations to address these issues. Utilizing normative legal research methods with a statute and conceptual approach, this study examines existing laws and regulations, including Law No. 10 of 2016 and related ministerial regulations. The findings reveal significant limitations in defining the scope of interim officials' authority, creating uncertainty in governance and public trust. The research concludes that the absence of comprehensive regulations impacts regional administration stability, emphasizing the urgency of establishing clear guidelines for interim appointments. By addressing these legal voids, the study offers solutions to ensure effective governance, enhance transparency, and uphold democratic principles during the transitional period.

Legal Protection for Micro, Small, and Medium Enterprises (MSMEs) in Receiving Capital Assistance from Venture Capital Companies

Shri Hardjuno Wiwoho, Azis Budianto — Fri, 20 Dec 2024 00:00:00 +0000

The study discusses the responsibilities of venture capital companies in the context of delays in disbursing capital assistance and its impact on Micro, Small, and Medium Enterprises (MSMEs). The main focus is on the problem of default that occurs when venture capital companies fail to fulfill their obligations to disburse capital on schedule, resulting in financial losses and obstacles to business development for MSMEs. This study proposes legal reforms to improve regulations and enforcement related to venture capital company responsibilities, including setting disbursement deadlines, MSME protection mechanisms, and increasing accountability. The empirical normative research uses a combined method between legislative, case, and analytical approaches to explore and analyze legal issues comprehensively. The research finds that MSMEs engage in profit-sharing schemes with venture capital firms. In this arrangement, the venture capital company offers funds to a legal entity partner company, and the partner company reimburses the funds with predetermined rewards. These agreements are governed by the contract law provisions of the Civil Code and are updated by the Ministry of Finance Regulation. It emphasizes the significance of venture capital in addressing funding shortages for small businesses. These reforms are expected to reduce the risk of delays, ensure fair compensation for MSMEs, and support more sustainable business growth.

Franchise Agreement as Legal Protection For Franchise Business Actors In Indonesia

Brun Kartino Sudjanto, Gunawan Djajaputra — Sun, 29 Dec 2024 00:00:00 +0000

Franchise agreements play an important role in providing legal protection for franchise business actors in Indonesia, both for franchisors and franchisees. This study aims to analyze the effectiveness of franchise agreements in protecting the rights and obligations of the parties and identify potential legal problems that arise in their implementation. The approach used is normative juridical, with an analysis of related laws and regulations, such as Government Regulation No. 42 of 2007 concerning Franchises, as well as franchise agreement documents from various business sectors. The results of the study show that franchise agreements that are drafted by fulfilling the legal principles of the agreement, such as legal certainty, fairness, and balance, are able to provide adequate legal protection for both parties. However, there are still challenges in implementation, including inconsistencies in the content of the agreement with regulations, lack of understanding of legal aspects by business actors, and weak supervision of the implementation of the agreement. This research recommends strengthening regulations and education for franchise business actors to create a fairer and more sustainable business ecosystem.

The Transfer of Marine Ship Ownership as an Immovable Object Based on Sale and Leaseback Agreement

Yeni Wijaya, Gunawan Djajaputra — Sun, 29 Dec 2024 00:00:00 +0000

Sale and Leaseback agreements are one of the increasingly popular financing methods in strategic asset management. This agreement is considered to allow the owner of the ship to sell his assets to a third party with an agreement to re-lease the ship for a certain period of time. This method offers financial flexibility, but also presents various legal challenges, particularly related to ownership and certainty of the rights of the parties involved. This study aims to analyze the legal basis, characteristics of agreements, and their implications for the transfer of ship ownership. The approach used in this study is normative with analysis of relevant laws and regulations and case studies. The results of the study show that although the Sale and Leaseback agreement provides great benefits in terms of financing, the implementation in Indonesia still faces obstacles, especially for marine capital goods that include immovable objects. In addition, there is a potential for legal disputes if one party fails to fulfill its obligations. For this reason, more detailed legal arrangements are needed to protect the rights and obligations of the parties. This study recommends harmonization between the rules in the field of financing institutions and the rules applicable in shipping as well as stricter supervision of the implementation of Sale and Leaseback agreements on ship assets. With adequate arrangements, this agreement can be an effective solution in supporting financing in the shipping sector.

Analysis of Social Return on Investment (SROI) in Corporate Social Responsibility (CSR) of BPKH x BMM through the present value approach to the Free Cataract Surgery Program for 100 West Java residents in 2023

Karmila Eka Putri, Tri Wahyu Oktavendi — Mon, 30 Dec 2024 00:00:00 +0000

The high rate of blindness due to cataracts in Indonesia, especially in West Java, has prompted the Hajj Financial Management Agency (BPKH) in collaboration with Baitulmaal Muamalat (BMM) to carry out a free cataract surgery program for 100 West Java residents in 2023. This study aims to analyze the effectiveness of the program through the Social Return on Investment (SROI) approach that considers social, economic, and environmental impacts. The qualitative approach was used to analyze the social impact of the Free Cataract Surgery program in more detail, while the descriptive quantitative approach was used to measure social return on investment (SROI) and analyze the results of social impact calculations. The results of the analysis show a SROI ratio of 2.08, which means that every Rp1.00 invested generates social benefits worth Rp2.08. This program not only has a positive impact in the form of improving community health and productivity, but also economic benefits for stakeholders such as clinics, MSMEs, and medical personnel. The results of the study provide an overview of the evaluation that can be used to improve the sustainability of similar programs in the future.