The Role of Intellectual Capital and Good Corporate Governance in Determining Firm Value Across the Normal, Pandemic, and Recovery Periods
(M Fatwa Algifari, Elok Sri Utami, Novi Puspitasari)
DOI : 10.70062/globalmanagement.v2i3.324
- Volume: 2,
Issue: 3,
Sitasi : 0 29-Jul-2025
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| Last.06-Aug-2025
Abstrak:
This study aims to determine the influence of intellectual capital, company age, company size, and managerial ownership on firm value, with Good Corporate Governance (GCG) acting as a moderating variable. In addition to analyzing the overall effect of each variable, this study also divides the analysis into three distinct periods: the normal period, the pandemic period, and the recovery period. The population of the study includes companies in the hotel, restaurant, and tourism sub-sectors listed on the Indonesia Stock Exchange (IDX) during the period of 2018 to 2022. The sample was selected using purposive sampling, resulting in a total of 24 companies with 120 observations analyzed. To test the hypotheses and analyze the data, this study employed the Statistical Product and Service Solutions (SPSS) software version 25. The results indicate that intellectual capital and company age do not have a significant effect on firm value. In contrast, company size and managerial ownership were found to have a significant influence on firm value, suggesting that larger companies and those with higher levels of managerial ownership tend to have stronger firm value. Furthermore, Good Corporate Governance (GCG), when tested as a moderating variable, did not significantly strengthen the relationship between intellectual capital and firm value. When viewed across the three time periods—normal, pandemic, and recovery—intellectual capital, company age, managerial ownership, and the moderating effect of GCG consistently showed no significant influence on firm value. However, the study reveals a notable exception in the case of company size. During both the pandemic and recovery periods, company size was shown to significantly affect firm value. This suggests that during periods of crisis and recovery, firm size plays a more crucial role in maintaining or increasing firm value, possibly due to greater resources, resilience, and operational capacity possessed by larger firms.
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2025 |
Application of the Altman's Z-Score Method to Predict the Bankruptcy Potential of Indexed Bank Issuers in SRI-KEHATI (2015–2024)
(Ika Puspita Sari, Andini Nurwulandari, Hasanudin Hasanudin)
DOI : 10.70062/managementdynamics.v2i3.323
- Volume: 2,
Issue: 3,
Sitasi : 0 29-Jul-2025
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Research on national banking using the Altman’s Z-Score analysis technique has been relatively extensive, but studies focusing specifically on banks indexed to SRI-KEHATI remain limited. The SRI-KEHATI Index is known as a benchmark for companies with strong sustainability, social responsibility, and good governance practices. This study aims to analyze the health trends of banks listed in the SRI-KEHATI Index during the 2015–2024 period by applying the second modified Altman’s Z-Score model (1993), which is widely recognized as a reliable indicator for assessing a company’s financial stability and risk of bankruptcy. The findings indicate that the overall Altman’s Z-Score trend of major banks within the SRI-KEHATI Index shows stability and a consistently healthy financial condition throughout 2015–2023. However, in 2024 there is a notable decline that requires further examination to determine whether it is caused by market fluctuations, structural challenges, or accounting adjustments. Despite this decrease, the overall financial health of the banks remains categorized as very good according to Altman’s model. The average Z-Score for all four banks analyzed is 6.457, which is well above the threshold of 2.6, indicating no significant bankruptcy risk. When evaluated individually, BMRI stands out as the healthiest with a Z-Score of 13.879, followed by BBNI with 5.971, BBRI with 3.175, and BBCA with 2.801. These results confirm that all four banks remain in a safe financial zone during the 2015–2024 period. Furthermore, the study’s four hypotheses are proven, reinforcing the argument that SRI-KEHATI indexed banks maintain strong financial resilience even amid post-Covid-19 challenges.
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2025 |
Simulasi Pola Tanam (Agroforestri dengan Hortikultura) untuk Meningkatkan Produktifitas Lahan dengan Sistem Permakultur
(Febri Afiantoro, Noordiana Herry Purwanti, Ila Purnamasari)
DOI : 10.62951/hidroponik.v2i2.425
- Volume: 2,
Issue: 2,
Sitasi : 0 29-Jul-2025
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| Last.13-Aug-2025
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This research is entitled "Simulation of Cropping Patterns (Agroforestry with Horticulture) to Increase Land Productivity with Permaculture System", which aims to develop an effective simulation method for designing cropping patterns in increasing permaculture land productivity and providing simulation results and their practical application in land design. This research was conducted from March to July 2024, located at Jalan Magelang Km 5.6, Kutu Tegal, Sinduadi, Mlati, Sleman, Special Region of Yogyakarta 55284. The simulation of cropping patterns was carried out using the SketchUp computational model and Andrew Marsh Simulation, and was evaluated based on aspects of the utilization of sunlight and plant growing space. Through this simulation method, the optimal combination of plants in the permaculture system was found. The simulation results were then analyzed and evaluated in the field to assess their success in increasing land productivity. Each cropping pattern shows unique characteristics in utilizing sunlight, growing space, and soil nutrients optimally, thus supporting more sustainable and productive land management.
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2025 |
Diversi Sebagai Alternatif Penyelesaian pada Tindak Pidana yang Dilakukan oleh Anak
(Revinta Irma Kartikasari, Subekti Subekti)
DOI : 10.62383/majelis.v2i3.1014
- Volume: 2,
Issue: 3,
Sitasi : 0 29-Jul-2025
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| Last.02-Aug-2025
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Protection of children's rights in the Indonesian legal sistem has received serious attention with the enactment of Law Number 11 of 2012 concerning the Juvenile Criminal Justice Sistem (UU SPPA). This law emphasizes that imposing sanctions on children is not the primary goal, but rather a means to achieve child welfare through a restorative justice approach. The SPPA Law regulates two channels for resolving cases: formal justice and diversion. Diversion is a process for resolving children's cases outside the court system, aiming to prevent children from experiencing formal justice processes that have the potential to have long-term negative impacts on their psychological and social development. This study focuses on the implementation of diversion efforts during the investigation stage within the jurisdiction of the Madiun City Police. The method used in this study is an empirical method, namely by examining the implementation of the law in social realities in the field through observation and interviews with relevant parties. The results of the study indicate that the Madiun City Police have implemented diversion efforts quite well and in accordance with the provisions of the SPPA Law. The implementation of diversion is carried out by considering the principles of restorative justice and involving various parties, including child perpetrators, victims, families, and the police. However, several obstacles to implementing diversion exist, including a lack of public understanding of the concept and benefits of diversion, and frequent debates between perpetrators and victims, particularly regarding compensation issues within diversion forums. Therefore, increased public outreach and legal education, as well as stronger coordination between the institutions involved, are needed to optimally achieve the primary goals of the juvenile criminal justice system.
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2025 |
Peranan Guru dalam Pendidikan Inklusif di Pendidikan Anak Usia Dini
(Siti Nuraini, Sudrajat Sudrajat, Shafa’ Annisa Puspasari)
DOI : 10.61132/inpaud.v2i2.595
- Volume: 2,
Issue: 2,
Sitasi : 0 28-Jul-2025
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| Last.06-Aug-2025
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Currently, the number of Children with Special Needs (ABK) continues to increase every year, making the role of teachers increasingly vital in providing inclusive education services in schools. This increase in the number of ABK requires teachers to have adequate competencies to provide education tailored to the needs of each child. In this context, inclusive education is crucial, as it provides opportunities for all children, including those with special needs, to learn together in the same environment. This study aims to analyze the role of teachers in the context of inclusive education in Early Childhood Education (PAUD). The method used in this study is qualitative with a narrative approach, conducted in several PAUD institutions in Malang. The results show that teachers have a very important role in inclusive education in PAUD. The role of teachers in question covers several aspects, including the ability to recognize Children with Special Needs (ABK), conduct initial assessments of student needs, and understand how to implement appropriate learning for ABK. In addition, teachers are also expected to be able to use assistive devices to provide simple stimulation to ABK and know how to involve parents in handling ABK. The importance of the teacher's role in inclusive education lies not only in academic abilities, but also in social and emotional skills in creating a supportive learning environment. This research provides valuable insights for the development of training programs for teachers to improve their skills in inclusive education, which is expected to have a positive impact on the quality of education in early childhood education (PAUD). With appropriate training, teachers can be better prepared to face the challenges of teaching children with special needs and ensure that every child receives a quality education tailored to their needs. This research is expected to encourage educational institutions to pay more attention to training and professional development for teachers, so they can contribute optimally to creating inclusive and quality education.
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2025 |
Analisis Efektivitas Model Manajemen Kelas Demokratis terhadap Motivasi Belajar Siswa Sekolah Dasar Negeri 3 Jambu
(Marsanda Dwi Khanifah, Vindi Isna Maulida, Muhammad Agung Syahputra, Reza Fandi Tyasari, Meila Rizka Rahmawati, Nur Rohman)
DOI : 10.59581/jmpb-widyakarya.v3i3.5385
- Volume: 3,
Issue: 3,
Sitasi : 0 28-Jul-2025
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This study examines the effectiveness of implementing a democratic classroom management model in enhancing student learning motivation at Jambu Public Elementary School 3. A descriptive qualitative approach was employed, with data collected through direct classroom observations and interviews involving teachers and students. The aim was to understand how democratic principles applied in classroom settings could influence students’ motivation, behavior, and engagement in learning activities. The findings reveal that adopting democratic leadership in classroom management creates an inclusive, respectful, and participatory learning environment. Students are encouraged to express opinions, collaborate in decision-making, and take ownership of their learning process. This approach significantly enhances intrinsic motivation, responsibility, and student independence. It also helps reduce passive behavior and fosters a sense of belonging and self-worth among students. The results are in line with several prominent educational theories. According to Self-Determination Theory (Deci & Ryan), autonomy and relatedness are key drivers of motivation, which are facilitated through democratic practices. Vygotsky’s Social Development Theory emphasizes the role of social interaction in learning, which is actively promoted in this model. Carl Rogers’ humanistic approach also supports the creation of a learning climate centered on empathy and student potential, while Rudolf Dreikurs’ Adlerian classroom model advocates for respectful teacher-student relationships and cooperative behavior. Overall, the implementation of a democratic classroom management model is considered effective in promoting both academic achievement and character development at the elementary level. The study recommends broader application of this model in primary education settings to support holistic student growth and to foster a learning culture rooted in mutual respect, responsibility, and student agency.
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2025 |
Kualitas Produk, Harga, Promosi Penjualan dan Iklan Serta Pengaruhnya terhadap Keputusan Pembelian pada Toko Online Bukalapak
(Rahmad Efendy, Roma Pasaribu, Ratna Ashary, Putri Nabila, Raymond Fransiscus)
DOI : 10.61132/lokawati.v3i5.2082
- Volume: 3,
Issue: 5,
Sitasi : 0 24-Jul-2025
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This study aims to analyze the influence of Product Quality, Price, Sales Promotion, and Advertising on consumer purchasing decisions on the Bukalapak online store platform. This study used a quantitative approach with descriptive methods, aiming to illustrate the relationships between variables based on empirical data. Primary data were obtained by distributing questionnaires to 120 respondents who were active Bukalapak users in the West Medan District. The data analysis technique used was multiple linear regression with the aid of SPSS software to determine the effect of each independent variable on the dependent variable. The analysis results indicate that, partially, the variables Product Quality, Sales Promotion, and Advertising have a positive and significant influence on purchasing decisions. This means that the higher the product quality, the more effective the promotion, and the more attractive the advertisement, the greater the likelihood of consumers making a purchase. Conversely, the variable Price showed a negative and significant influence, indicating that inappropriate pricing can reduce purchase intention. Simultaneously, all four variables have a significant influence on purchasing decisions. The Adjusted R Square value of 70.4% indicates that this research model is able to explain 70.4% of the variation in purchasing decisions, while the dependent variable is influenced by factors outside the model. This study recommends that Bukalapak continue to improve product quality, develop competitive pricing strategies, strengthen promotions, and create creative advertising. Further research is recommended to consider additional variables such as product reviews, brand image, and service quality to enrich the analysis.
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2025 |
Qur'anic Recitation (Murottal) And Wet Cupping Therapy For Managing Blood Pressure In Hypertension
(Dwi Nopita Sari, Mardiyono Mardiyono, Rr. Sri Endang Pujiastuti)
DOI : 10.33366/jc.v13i2.6389
- Volume: 13,
Issue: 2,
Sitasi : 0 23-Jul-2025
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| Last.07-Oct-2025
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Hypertension is a medical condition experienced by a person which is described by an increase in blood pressure above normal values which can cause an increase in morbidity and mortality. Complementary medicine is considered more efficacious, one of which is Al-Qur'an murotal therapy and wet cupping therapy. This study aims to find out the effect of qur’anic recitation and wet cupping therapy on blood pressure in hypertensive patients. This study used a true experimental design with a pre-test and post-test randomized control group approach, involving two groups. The intervention group was given murotal therapy for 15 minutes and cupping for 30 minutes. The control group was only given cupping therapy. The sampling technique used was simple random sampling, and the data were analyzed using repeated measures ANOVA. The results of the between-group analysis in the intervention group showed a significant reduction in both systolic (p = 0.000) and diastolic (p = 0.000) blood pressure. These findings indicate that the combination of murottal Al-Qur'an therapy and wet cupping therapy is effective in lowering blood pressure in patients with hypertension.
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2025 |
Community And Family-Based Intervention Strategies To Prevent Stunting: A Systematic Review
(Yunidar Dwi Puspitasari, Retno Indarwati, Silvya Dwi Wahyuni, Andi Safutra Suraya)
DOI : 10.33366/jc.v13i2.6613
- Volume: 13,
Issue: 2,
Sitasi : 0 21-Jul-2025
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| Last.07-Oct-2025
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Stunting is a state of chronic malnutrition associated with nutritional insufficiency. Stunting can increase the risk of morbidity and mortality, hindering children's growth and development. Malnutrition in toddlers can also arise due to the cultural practices, eating habits, and social norms related to food intake. The role of the family and the community is very important in ensuring the success of stunting prevention programs. This study aimed to undertake a systematic review of the international literature on community-based interventions to prevent stunting in children under 5 years. We reviewed original quantitative research from Scopus, Science Direct, PubMed, and ProQuest using the keywords “community intervention” OR “family intervention” AND “stunting” AND “toddlers”. We conducted a critical appraisal using PRISMA guidelines on evidence documenting the community-based intervention or program as a strategy to reduce stunting in toddlers, between 1 January 2013 and 31 January 2023 with the inclusion criteria of English-language, full-text, open-access, quantitative studies. Thirteen peer-reviewed papers met the inclusion criteria. This review found that family-based intervention could improve child growth and community-based intervention could strengthen the community health systems. The existing evidence showed a positive impact of community and family-based intervention to prevent stunting. Family-strengthening interventions may have an impact on reducing stunting among children under 5 years.
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2025 |
Improving Quality of Care on Patient Satisfaction in Health Service Facilities by Rating on Google Maps: Literature Review
(Putri Permatasari, Nikita Alia Rajebta)
DOI : 10.33366/jc.v13i2.6454
- Volume: 13,
Issue: 2,
Sitasi : 0 17-Jul-2025
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| Last.07-Oct-2025
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Quality health services are services that are provided effectively and efficiently, tailored to the needs and expectations of patients, but still in accordance with existing codes of ethics and standards, thus enabling the achievement of optimal levels of health. Health service institutions for the community, where every health facilities are required to always improve the quality of service in order to achieve the highest level of health. Every patient who has received service can provide their opinion through the Google Maps comments section which can describe the quality of service of the health facilities. The method used in this article is a literature review and the search for articles is carried out through 2 online databases: Google Scholar for national journals and PubMed for international journals. According to the reviewed literature, the rating given by health facility visitors affects the quality of the health facility. This is due to dissatisfaction with the health services received in the form of reviews with narratives describing feelings of annoyance, anger, and disappointment. Ratings on Google Maps provides real-time information about the quality of service at a health facility based on patient reviews.
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2025 |