The Impact of Financial Distress, Information Technology, and Macroeconomics on Stock Returns of State-Owned Enterprises Listed on the Indonesia Stock Exchange (IDX)
(Nadiya Destriantari, Agus Zahron Idris)
DOI : 10.70062/harmonieconomics.v2i3.274
- Volume: 2,
Issue: 3,
Sitasi : 0 24-Jun-2025
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| Last.06-Aug-2025
Abstrak:
This study aims to analyze the impact of financial distress, measured using the Springate S-Score, information technology represented by IT spending, and macroeconomic factors such as interest rates and exchange rates on the stock returns of State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange during the period of 2019-2023. The research method employed is multiple linear regression analysis with a quantitative approach, utilizing secondary data from annual financial reports of SOEs selected through purposive sampling. The results show that financial distress, as proxied by the Springate S-Score, has a significant positive effect on stock returns, while information technology does not have a significant impact on stock returns. The macroeconomic factor, exchange rate, has a significant positive effect on stock returns, whereas interest rates show no significant relationship. Overall, these findings provide insights for investors and SOE management in formulating more effective investment strategies and operational decisions in the capital market.
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2025 |
Indonesian Criminal Law Reform Policy Through the Classification of Fines in the Indonesian National Criminal Code (Attributed to Fines Sanctions in Law Number 63 Year 2024 on Immigration)
(Maidah Purwanti, Sigid Suseno, Idris Idris, Erika Magdalena Chandra)
DOI : 10.15294/lslr.v9i1.21929
- Volume: 9,
Issue: 1,
Sitasi : 0 02-Jun-2025
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| Last.10-Jul-2025
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After the Dutch colonial occupation, for 78 years Indonesia still used Wetboek van Strafrecht as the law that regulates criminal law until finally in 2023 Indonesia has a National Criminal Code. The National Criminal Code emphasizes the ultimum remedium character by changing fines into one of the main punishments. The formulation of fine as one of the main punishments is part of the effort to overcome the overcapacity in correctional institutions caused by imprisonment which has always been the main choice in the punishment system in Indonesia and is perceived increasingly ineffective. Fines that have been contained in the Criminal Code are also a reference for the determination of fines in special laws outside the Criminal Code, one of which is the Immigration Law which in its application faces many obstacles. This qualitative research uses normative juridical method that analyzes the norms of fine sanctions and its classification in the Indonesian National Criminal Code. Although there are still findings, the fine clause in the National Criminal Code raises new homework for legislators and implementers, related to special laws outside the National Criminal Code that also formulate fines in their criminal sanctions, the research found that the classification of fines in the National Criminal Code is formulated as a new Indonesian punishment policy that has a more ultimum remedium character and prioritizes the principle of justice over legal certainty, can be a guideline for imposing administrative fines for special laws and regulations such as Immigration Law
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Pendidikan Karakter Sebagai Nilai- Nilai Luhur untuk Membangun Integritas di Sekolah Dasar
(Muhamad Arif Alfa Rizi, Idris Hakim Lubis, Ahmad Syarifuddin, Afriza Media, Ari Suriani)
DOI : 10.61132/nakula.v3i4.1915
- Volume: 3,
Issue: 4,
Sitasi : 0 23-May-2025
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| Last.08-Aug-2025
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This study aims to explain the urgency of character education as noble values in shaping individual integrity. The research method used is a literature study, focusing on in-depth analysis of literature reviews, journal articles, and books that discuss the relationship between character education and integrity formation. This research started with the selection of a specific research topic, namely the role of character education in the context of noble values. Furthermore, relevant literature sources were identified and critically analyzed to understand the concept and impact of character education on individual integrity. The results show that character education plays a central role in building the foundation of integrity. Through noble values such as honesty, responsibility, and compassion, individuals can form a solid and responsible personality. The literature study also revealed that the implementation of character education is not only relevant in the context of formal education, but also important in the scope of family and society. The conclusion of this study is the importance of character education as an effective strategy in shaping individual integrity. By detailing key concepts and key findings from the literature, this article provides an in-depth look at how character education, especially those based on noble values, can be a strong foundation in building individuals with high integrity. The implications of this study can provide valuable contributions in the development of character education policies that are more effective and relevant in supporting the formation of an ethical generation.
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2025 |
Analisis Kebijakan Keamanan Siber di Indonesia: Studi Kasus Kebocoran Data Nasional pada Tahun 2024
(Imanuel Toding Bua, Nur Isdah Idris)
DOI : 10.62383/desentralisasi.v2i2.653
- Volume: 2,
Issue: 2,
Sitasi : 0 23-May-2025
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| Last.27-Jul-2025
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The 2024 data breach incident at Indonesia's National Data Center (PDN) marked a major crisis in the governance of national cybersecurity. This study examines the causes, threats, proposed solutions, and the roles of both the government and the public in responding to such breaches. The research employs a literature review and media framing analysis, focusing on news coverage and government policy responses. Findings indicate that systemic vulnerabilities, inadequate infrastructure readiness, and human factors are the primary causes of the breach. The resulting threats include economic and social losses, a decline in public trust, and the risk of data misuse. Proposed solutions involve strengthening regulations, enhancing technical capacity, and increasing public awareness through education. The active participation of civil society and swift government response are critical to restoring trust and preventing similar incidents in the future.
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2025 |
Pengaruh Financial Literacy , Financialbehavior, dan Overconfidence Terhadap Keputusan Investasi pada Generasi Z Fakultas Ekonomi Universitas Islam Kadiri
(Hanifah Laila Kusumawati, Ahmad Idris, Trisnia Widuri)
DOI : 10.61132/nuansa.v3i2.1708
- Volume: 3,
Issue: 2,
Sitasi : 0 02-May-2025
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| Last.06-Aug-2025
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This study aims to determine the effect of financial literacy, financial behavior and overconfidence on investment decisions in generation Z of the Faculty of Economics, Islamic University of Kadiri. This type of research is quantitative research. The data for this study were obtained through questionnaires and literature studies. The analysis techniques used were Validity Test, Reliability Test, Classical Assumption Test, Multiple Linear Regression Analysis, t-test, F-test and Determination Coefficient Test. The results of the t-test of the financial literacy, financial behavior, overconfidence variables on investment decisions with sig <0.05. The results of the F test can be concluded that financial literacy, financial behavior, overconfidence on investment decisions have a simultaneous and significant effect with sig. <0.05.
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2025 |
Analysis Of The Contribution Of Education Based On Emotional And Spiritual Intelligence In The Digital Era In Indonesia
(Retno Anggraini, Sitti Hasnah, Rinovian R, Ai Siti Nurmiati, Idris Idris)
DOI : 10.62504/jimr1236
- Volume: 3,
Issue: 4,
Sitasi : 0 29-Apr-2025
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| Last.31-Jul-2025
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This research aims to analyze the contribution of education based on emotional intelligence (EQ) and spiritual (SQ) in facing the challenges of the digital era in Indonesia. The focus of the research is to understand how an educational approach that integrates EQ and SQ can help students develop relevant skills amidst rapid technological developments and social change. The research method used was qualitative with a literature study approach. The data obtained was analyzed thematically to identify patterns and impacts of the application of EQ and SQ in the context of digital education. The research results show that EQ and SQ-based education plays an important role in forming strong and adaptive student characters in the digital era. The integration of EQ helps students manage emotions, increase empathy, and build positive social relationships, while SQ strengthens spiritual values ??that encourage the formation of responsible and ethical attitudes. This combination not only helps students deal with digital distractions, but also improves collaboration and creativity skills. Thus, EQ and SQ-based education is considered an effective solution for creating a generation that is not only intellectually intelligent, but also has the emotional and spiritual maturity needed to compete in the digital era.
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2025 |
Analysis Of The Contribution Of Education Based On Emotional And Spiritual Intelligence In The Digital Era In Indonesia
(Retno Anggraini, Sitti Hasnah, Rinovian R, Ai Siti Nurmiati, Idris Idris)
DOI : 10.62504/jiimr1236
- Volume: 3,
Issue: 4,
Sitasi : 0 29-Apr-2025
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| Last.31-Jul-2025
Abstrak:
This research aims to analyze the contribution of education based on emotional intelligence (EQ) and spiritual (SQ) in facing the challenges of the digital era in Indonesia. The focus of the research is to understand how an educational approach that integrates EQ and SQ can help students develop relevant skills amidst rapid technological developments and social change. The research method used was qualitative with a literature study approach. The data obtained was analyzed thematically to identify patterns and impacts of the application of EQ and SQ in the context of digital education. The research results show that EQ and SQ-based education plays an important role in forming strong and adaptive student characters in the digital era. The integration of EQ helps students manage emotions, increase empathy, and build positive social relationships, while SQ strengthens spiritual values ??that encourage the formation of responsible and ethical attitudes. This combination not only helps students deal with digital distractions, but also improves collaboration and creativity skills. Thus, EQ and SQ-based education is considered an effective solution for creating a generation that is not only intellectually intelligent, but also has the emotional and spiritual maturity needed to compete in the digital era.
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2025 |
Tinjauan Regulasi Siber dan Kebijakan Keamanan Jaringan 5G: Perspektif Nasional dan Internasional
(Fauzan Prasetyo Eka Putra, Dea Aulia Siswoyo, M. Idris Ainul Yaqin, Rica Oktavia)
DOI : 10.55606/jitek.v5i1.6141
- Volume: 5,
Issue: 1,
Sitasi : 0 31-Mar-2025
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| Last.13-Aug-2025
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This study discusses 5G network security regulations and policies from a national and international perspective, with a focus on the challenges and handling of global cyber threats. Given the cross-border threats, security and regulation are important issues in the implementation of 5G technology. The approach used is qualitative interpretive with additional limited experiments, including cyber attack simulations. The result of the study show that cyber policies in Indonesia are not yet fully coordinated, unlike countries such as the US, the European Union, and China which have more comprehensive regulations. Experiments prove that the implementation of protocols such as IPSec and TLS can reduce risks in 5G networks. Therefore, Indonesia is advised to form more integrated regulations that comply with international standards. This study also suggests further research in real scenarios and the development of a more in-depth policy evaluation system.
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2025 |
Bahasa Indonesia vs Bahasa Jerman: Perbedaan Tata Bahasa yang Perlu Diketahui
(Michela Michela, Shayka Annisa Idris, Tresia Simangunsong, Rosmayani Tambunan, Nurul Azzizah)
DOI : 10.61132/arjuna.v3i2.1701
- Volume: 3,
Issue: 2,
Sitasi : 0 27-Mar-2025
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| Last.06-Aug-2025
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Indonesian and German originate from different language families, namely Austronesian and Germanic. This distinction leads to significant grammatical differences between the two languages. This article explores key aspects that differentiate Indonesian and German grammar, including sentence structure, case system, verb conjugation, article usage, and compound word formation. Understanding these differences helps language learners avoid common mistakes and enhance their proficiency in both languages. This study is supported by various sources from recent books and academic articles to provide a more comprehensive analysis.
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2025 |
Meningkatkan kinerja SVM: Dampak berbagai teknik seleksi fitur pada akurasi prediksi
(Lenny Margaretta Huizen, Muhammad Basyier Ardima, Mochamad Idris)
DOI : 10.24246/aiti.v22i1.1-14
- Volume: 22,
Issue: 1,
Sitasi : 20 22-Mar-2025
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| Last.17-Jul-2025
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Pada akreditasi Perguruan Tinggi, kelulusan mahasiswa memainkan peran penting sebagai salah satu kriteria penilaian. Prediksi kelulusan merupakan fokus utama untuk membantu institusi dalam menilai seorang mahasiswa lulus tepat waktu. Penelitian ini mengambil data historis dari mahasiswa yang telah lulus, yang diambil melalui kuesioner dari mahasiswa Program Studi Sistem Informasi dan Teknik Informatika Universitas Semarang. Metode seleksi fitur digunakan untuk menyeleksi atribut yang paling relevan pada prediksi kelulusan. Hasil seleksi ini diujikan menggunakan Algoritma Support Vector Machine (SVM). Tujuan utama dari penelitian ini adalah untuk mengevaluasi dampak seleksi fitur terhadap prediksi kelulusan. Hasil pengujian menunjukkan bahwa SVM dengan seleksi fitur menggunakan weight by relief mencapai akurasi sebesar 82%, presisi 83,42%, dan recall 80,83%. Sebaliknya, SVM tanpa menggunakan weight by relief menunjukkan akurasi 69,23%, presisi 70,83%, dan recall 67,86%. Penggunaan seleksi fitur berhasil mengurangi fitur dari 27 menjadi empat fitur yang paling berpengaruh.
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