Indonesian Journal of Economy, Business, Entrepreneuship and Finance

PENGARUH BUDAYA ORGANISASI START-UP TERHADAP KOMITMEN KARYAWAN INTEGRASI PERAN MANAJEMEN SDM

Gunarda Gunarda, Kamsidik Kamsidik — Fri, 05 Dec 2025 00:00:00 +0000

Organizational culture is a crucial factor influencing employee behavior, motivation, and commitment. In the context of start-ups, organizational culture tends to be dynamic, collaborative, and innovation-oriented. This study aims to analyze the influence of start-up organizational culture on employee commitment by examining the integration of human resource management (HRM) as a mediating variable. The research method used a quantitative approach with a survey of 120 respondents from technology start-up employees in Jakarta and Bandung. The results of the regression analysis indicate that organizational culture has a significant positive effect on employee commitment (p < 0.05), and the role of HRM strengthens this relationship. These findings suggest that adaptive and participatory HRM can strengthen employees' sense of belonging, loyalty, and emotional attachment to the organization.

IMPLEMENTASI HUMAN RESOURCE INFORMATION SYSTEM DALAM MENINGKATKAN KINERJA PEGAWAI DI KANTOR DESA SAHU, KECAMATAN TALIABU UTARA, KABUPATEN PULAU TALIABU

La Saudin, Debiyanti Kune, Moh. Afdal Napu — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to analyze the implementation of the Human Resource Information System (HRIS) in improving employee performance at the Sahu Village Office, North Taliabu Subdistrict, Taliabu Island Regency. The study employs a qualitative approach with data collected through in-depth interviews, participatory observation, and document analysis. The results indicate that HRIS facilitates administrative management, enhances data transparency, accelerates report preparation, and promotes employee discipline. Positive perception of HRIS and frequent use of system modules are key factors in improving employee performance. Challenges encountered include employee digital literacy, unstable internet connection, and system navigation difficulties, which can be overcome through training and guidance. This study demonstrates that HRIS can be a strategic tool for work efficiency and modernizing village governance. The novelty lies in its focus on a remote village office, where digital literacy and infrastructure pose unique challenges.

STRATEGI BAURAN PEMASARAN JASA YANG MEMPENGARUHI KEPUASAN KONSUMEN DI PENGINAPAN BATARA KABUPATEN BANGGAI LAUT

Eef Saifullah Doloan, Amalia Lutfiana Wardana — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to determine whether the Service Marketing Mix, which includes Product, Price, Promotion, Place, People, Process, and Physical Evidence partially and simultaneously have a positive and significant effect on Customer Satisfaction at Batara Inn, Banggai Laut Regency. The research sample consisted of all employees at Batara Inn, Banggai Laut Regency, with a purposive sampling technique involving 36 people. Data collection was conducted through interviews and questionnaires. The data were analyzed descriptively and quantitatively using frequency tables and multiple linear regression with 7 predictors. Data processing was performed using SPSS version 25.0. The t-test results showed that all independent variables, namely Product, Price, Promotion, Place, People, Process, and Physical Evidence, had a partial effect on Customer Satisfaction at Batara Inn in Banggai Laut Regency. Meanwhile, the results of the ANOVA (analysis of variance) or F test showed a calculated F value of 87.750 and a table F value of 2.33, so that the calculated F > table F (87.750 > 2.33), which means that the Service Marketing Mix simultaneously has a positive and significant effect on Customer Satisfaction. Partially, Physical Evidence is the most dominant and significant variable with a coefficient value of 0.893, which means that Physical Evidence has the greatest influence on Customer Satisfaction.

PENGARUH KOMPETENSI DAN BUDAYA ORGANISASI TERHADAP KINERJA PEGAWAI PADA DINAS PARIWISATA KABUPATEN BANGGAI KEPULAUAN

Debiyanti Kune, La Saudin, Selvi Yannti T — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to determine whether Competence and Organizational Culture partially and simultaneously have a positive and significant effect on Employee Performance at the Banggai Islands Regency Tourism Office. The research sample was all employees of the Banggai Islands Regency Tourism Office, with a purposive sampling technique totaling 33 people. The data collection method was carried out through interviews and questionnaires. The data were analyzed descriptively quantitatively using frequency tables and multiple linear regression. Data processing was carried out using the SPSS version 25.0 program. The results of the t-test showed that the independent variables, namely Competence (X1) and Organizational Culture (X2), had a partial influence on Employee Performance (Y). Meanwhile, the results of the ANOVA test (analysis of variance) or F test showed an F-count value of 438,996 and an F-table of 3.32, so that F-count> F-table (438,996> 3.32). This shows that Competence and Organizational Culture simultaneously have a positive and significant effect on Employee Performance. Partially, Work Communication is the most dominant variable with a coefficient value of 0.967, which means that Competence has the greatest influence on Employee Performance (Y).

PENGARUH SUKU BUNGA, INFLASI, PERUBAHAN KURS RUPIAH DAN PROFITABILITAS TERHADAP RETURN SAHAM

Dini Martinda Lestari, Evi Dora Sembiring, Rasya Daffina Nur Ashila — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to examine the effect of interest rates, inflation, rupiah exchange rate changes, Return on Assets (ROA), and Return on Equity (ROE) on stock returns. Using a quantitative approach and multiple linear regression analysis, the study analyzes secondary data obtained from the annual financial reports of 12 non-banking companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) that meet the sample criteria for the 2020–2024 period, as well as macroeconomic indicators from IDX and Bank Indonesia. The results show that partially, only interest rates have a significant negative effect on stock returns, while inflation, exchange rates, ROA, and ROE have no significant effect. However, simultaneously, all five variables significantly influence stock returns, with a coefficient of determination of 21.1%. These findings indicate that changes in interest rates are a crucial factor for investors to consider in making investment decisions. The implication is that companies and investors must be more responsive to macroeconomic dynamics to effectively manage risk and optimize investment returns.

IMPLEMENTASI SISTEM BARCODE PADA PROSES INVENTORY UNTUK MENINGKATKAN PRODUKTIVITAS KARYAWAN

Ichwan Putra Arianto, Awan Anhara — Fri, 05 Dec 2025 00:00:00 +0000

The impact of digitalization-based technological developments that affect all industrial activities. In addition, the use of technology as one of the company's ways to meet customer requirements and implementation quality management system. PT. Gajah Tunggal, Tbk. made improvements by implementing a barcode system in the inventory process. This study aims to determine and analyze how the implementation of the barcode system in process inventory, and what factors are obstacles in the implementation of the barcode system and the effectiveness of the implementation of the barcode system on work productivity.The method used in this research uses descriptive qualitative methods. The descriptive qualitative approach serves to describe the circumstances that will be observed in the field more specifically, transparently, and in depth. The researcher is the key instrument, in the data collection technique is done by triangulation, namely a combination of observation, interview, documentation. The conclusion of this study is that the implementation of the barcode system has been successfully applied to the inventory process. Barriers to the implementation of the barcode system have been identified based on the impact of the risks listed in the risk register, and a contingency plan has been developed as an alternative process. Contingency plans are useful in supporting the entire work process and succeed in minimizing the impact of risk. The effectiveness of the barcode system in increasing productivity was successful, with the achievement of work results in accordance with the targets set by the warehouse department

PENGARUH MOTIVASI DAN BUDAYA KERJA TERHADAP PT. BHAKTI KARYA DISTRIBUSI INDONESIA CABANG LIMO DEPOK

Riki Haryono, Pebriansyah Pebriansyah — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to find out the Work Motivation and Work Culture at PT Bhakti Karya Distribusi Indonesia Cabang Limo Depok. This study used a quantitative associative research method, the population taken was 69 employees of PT Bhakti Karya Distribusi Indonesia Cabang Limo Depok and the sample technique used saturated samples, so that the number of respondents used as a sample was 69 people. The method of data collection is by means of distributing questionnaires, observations, and literature research. Data analysis methods using Validity Test, Reliability Test, Normality Test, Heterokedasticity Test, Multiple Linear Regression Test, Determination Coefficient Test, and Significant Test (Calculated t Test and F Count Test).

From the results of the analysis, it was obtained that Work Motivation has a positive and significant effect on Employee Performance at PT. Bhakti Karya Distribution Indonesia Cabang Limo Depok with a determination of 64.4%., The hypothesis test was obtained thitung > ttable (2.149 > 0.236) this was strengthened with a significance of 0.035 < 0.05. From the results of the analysis, it was obtained that Work Culture has a positive and significant effect on Employee Performance at PT. Bhakti Karya Distribution Indonesia Cabang Limo Depok with a determination of 64.4%. The hypothesis test was obtained thitung > ttable (2.034 > 0.236) with a significance of 0.046 < 0.05. Thus, Work Motivation and Work Culture simultaneously have a positive and significant effect on Employee Performance at PT. Bakti Karya Distribusi Indonesia Cabang Limo Depok with a determination of 64.4% while the remaining 35.6% is influenced by other factors. The hypothesis test used the statistical test Fhitung > Ftabel or (59.594 > 3.136), which was also strengthened with a significance of 0.000 < 0.05.

PENGARUH LINGKUNGAN KERJA DAN KOMITMEN ORGANISASI TERHADAP KEPUASAN KERJA SERTA DAMPAKNYA PADA PRODUKTIVITAS KERJA KARYAWAN PADA PT. MADIRI TUNAS FINANCE CABANG

Sapari Sapari, Latif Latif — Fri, 05 Dec 2025 00:00:00 +0000

Analyze the influence of the work environment (X1) and organizational commitment (X2) on job satisfaction (Y) and employee productivity (Z) at PT. Mandiri Tunas Finance Tanjung Duren Branch Office, West Jakarta. Two independent variables, namely work environment (X1) and organizational commitment (X2), were tested partially and simultaneously on job satisfaction (Y) and work productivity (Z). The study used multiple linear regression analysis and path analysis. The population in this study is all employees of PT Mandiri Tunas Finance Tanjung Duren West Jakarta branch office. The sampling technique used the saturated sampling technique method with a sample of 107 respondents. Data analysis used linear regression analysis, determination coefficients, t-test, F test and path analysis.

Partial tests showed that the work environment had no significant direct influence on job satisfaction (Y), with a coefficient of -0.034 (t = -0.416, sig. 0.678), while organizational commitment had a significant influence of 0.687 (t = 8.413, sig. 0.000). Simultaneously, these two variables had a significant effect on job satisfaction (Y), with an R-square determination coefficient of 0.479. In Substructural 2 (Z), work environment (X1) and organizational commitment (X2) have a significant effect on work productivity (Z) partially, with coefficients of 0.094 (t = 1.190, sig. 0.237) and 0.569 (t = 7.264, sig. 0.000) respectively. Simultaneously, both also have a significant effect on work productivity (Z), with an R-square determination coefficient of 0.466. The path analysis showed that job satisfaction (Y) mediated the positive influence of the work environment (X1) on work productivity (Z), as well as mediated the positive influence of organizational commitment (X2) on work productivity (Z).

TRANSFORMASI MANAJEMEN SUMBER DAYA MANUSIA DI PERSIMPANGAN INDUSTRI 4.0 DAN SOCIETY 5.0: TINJAUAN LITERATUR SISTEMATIS

Awan Anhara, Bela Bela, Cokorda Agung Wibowo — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to critically synthesize and analyze academic literature published between 2020 and 2025 on the transformation of Human Resource Management (HRM) in response to two dominant paradigms: the technology-oriented Industry 4.0 and the human-centric Society 5.0. Employing a Systematic Literature Review (SLR) methodology guided by the PRISMA framework, a total of 17 articles from reputable international and accredited national databases were identified and thematically analyzed. The review results indicate that HRM transformation is a multifaceted process encompassing the digitalization of core functions such as recruitment, training, and performance management, which are significantly influenced by the adoption of Artificial Intelligence (AI) and data analytics. Furthermore, a shift in competency requirements is identified, demanding a balance between digital literacy and humanistic skills like critical thinking and emotional intelligence. The review also uncovers crucial strategic and ethical challenges, particularly concerning algorithmic bias in decision-making, employee data privacy, and digital well-being issues. These findings imply that organizational success no longer solely depends on technology adoption but on HRM's ability to integrate technology ethically and strategically, positioning HRM as a guardian of human values in the digital work ecosystem. Theoretically, this research highlights the limitations of conventional technology acceptance models and calls for the development of a more holistic “HRM 5.0” framework.

DAMPAK PROGRAM MENTORING TERHADAP KEPEMIMPINAN INTRAPRENEURSHIP KARYAWAN KAJIAN MANAJEMEN SDM

Priehadi Dhasa Eka, Kamsidik Kamsidik — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to analyze the impact of a mentoring program on the development of employee intrapreneurial leadership within the context of human resource management (HRM). Mentoring programs are believed to enhance innovative capabilities, leadership responsibility, and entrepreneurial orientation within organizations. This study used quantitative methods with a survey approach involving 120 respondents from start-up and manufacturing companies in Indonesia. The results indicate that mentoring has a significant influence on the development of intrapreneurial dimensions such as proactivity, innovation, and risk-taking. The implications of this study emphasize the importance of a structured mentoring strategy within HRM development policies to create intrapreneurial leaders capable of facing the challenges of modern business change.

PENGARUH TINGKAT KEMISKINAN DAN KETIMPANGAN PENDAPATAN TERHADAP INDEKS PEMBANGUNAN MANUSIA DI SUMATERA UTARA

Fri, 05 Dec 2025 00:00:00 +0000

This study aims to analyze the impact of poverty levels and income inequality on the Human Development Index (HDI) in ten districts/cities in North Sumatra Province during the 2019–2023 period. This study uses a quantitative approach with panel data analysis through the Fixed Effect Model (FEM), using secondary data obtained from the Central Bureau of Statistics. The results show that poverty levels have a significant negative impact on the HDI, where increasing poverty rates reduce people's access to education, health services, and a decent standard of living. Income inequality, as measured by the Gini Ratio, also has a significant negative impact on the HDI, due to uneven economic growth distribution. Simultaneously, these two variables are proven to have a significant impact, explaining most of the variation in the HDI between study areas. These findings confirm that poverty reduction and equitable income distribution are important priorities in improving the quality of inclusive human development in North Sumatra.

ANALISIS STRATEGI PEMASARAN DALAM MENINGKATKAN OMSET PENJUALAN PADA UMKM WARUNG SEMBAKO MADURA BILQIS DI KOTA TANGERANG SELATAN

Sulhan Sulhan, Wisnu Wardana Martino, Rizky Romantika — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to examine the marketing strategies used by Warung Sembako Madura Bilqis to increase sales turnover in South Tangerang City. A qualitative approach with data collection through in-depth interviews, observations, and documentation was used to understand the internal and external conditions that influence it. A SWOT analysis combined with the 4P marketing mix was applied to assess key factors influencing business performance. The results indicate that the combination of quality service, competitive prices, effective promotions, and customer loyalty programs significantly increased sales turnover. This finding is consistent with previous studies that emphasized the importance of an integrated marketing strategy in boosting MSME turnover by up to 40-50%. This research provides theoretical and practical contributions that can serve as a reference for similar MSMEs in increasing their business competitiveness.

PENGARUH DISIPLIN DAN MOTIVASI TERHADAP KINERJA KARYAWAN PADA PT NAUTILUS TECHNOLOGY INDONESIA

Anggara Destryan Riyadi, Matdio Siahaan — Fri, 05 Dec 2025 00:00:00 +0000

This research aims to determine whether there is an influence of Discipline and Motivation on Employee Performance at PT. Nautilus Technology Indonesia. This type of study is quantitative. The population in this study consists of 36 respondents. The technique used is saturated sampling. The sample for this study consists of 36 respondents. Data collection was conducted by distributing questionnaires. Hypothesis testing in this research used Linear Regression analysis. The subject of this research is PT. Nautilus Technology Indonesia. The results of this study indicate that Discipline has a positive and significant partial effect on Employee Performance. Motivation has a positive and significant partial effect on Employee Performance as well. Both Discipline and Motivation have a significant simultaneous effect on Employee Performance.

PERAN EXPERIENTIAL MARKETING DAN CUSTOMER SATISFACTION TERHADAP REPURCHASE INTENTION PADA MALL TERASKOTA BSD

Halwa Irsalina Abidin, Rahadyan Tajuddien — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to analyze the Role of Experiential Marketing and Customer Satisfaction in forming Repurchase Intention, by testing whether customer satisfaction acts as a mediator. This research uses a quantitative approach with the Structural Equation Modeling (SEM) method based on Partial Least Squares (PLS) with the help of SmartPLS 4.0 software. The sample size was determined using the Yamane formula with a margin of error of 10%. Data was collected through questionnaires to 100 mall visitor respondents selected using a simple random sampling technique. The results of the research show that Experiential Marketing has a positive and significant effect on Customer Satisfaction (T- statistic 32.900 and P-value 0.000). Customer Satisfaction has a positive and significant effect on Repurchase Intention (T-statistic 4.794 and P-value 0.000). However, Experiential Marketing does not have a significant effect on Repurchase Intention with a T-statistic value of 1.687 and a P-value of 0.092 (>0.05). The mediation test shows that Customer Satisfaction mediates significantly the relationship between Experiential Marketing and Repurchase Intention (T-statistic 4.663 and P-value 0.000). This research concludes that creating an attractive experience (experiential marketing) alone is not enough to encourage repurchase intention. That experience must first be able to be transformed into customer satisfaction, which in the end will become the main driver of repurchase intention. The managerial implication of this research emphasizes the importance of an integrated strategy that prioritizes improving the quality of the experience while simultaneously ensuring all aspects of service meet or exceed visitor expectations to build long-term loyalty.

PENINGKATAN MOTIVASI BELAJAR MAHASISWA MELALUI METODE PEMBELAJARAN ROLE PLAYING ( STUDI PADA MATA KULIAH MANAJEMEN STRATEGI )

Eni Erwantiningsih, Erny Novita Putry — Fri, 05 Dec 2025 00:00:00 +0000

The optimal academic achievement of university students is an important expectation for both higher education institutions and the students and their families. Learning outcomes can be influenced by many factors, both internal and external, during the students’ learning process. The role-playing learning method emphasizes learning stimuli through enjoyable situations created from experiential activities. This study aims to determine the effect of the role-playing learning method on students’ learning motivation. In addition, the study also responds to the limited use of this learning method among university students. The research employed questionnaires and field observations, with a census sampling technique involving 79 students. The results of the study conclude that role-playing learning has a positive and significant effect on learning motivation, contributing 68.4%, while the remaining 31.6% is influenced by other factors.

PENGARUH BEBAN KERJA DAN STRES KERJA TERHADAP KINERJA KARYAWAN PADA BAGIAN PRODUKSI PT MAYORA INDAH Tbk.

Dede Sulaeman — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to analyze the influence of workload and work stress on employee performance in the production department of PT Mayora Indah Tbk. “The background of this research is based on the increasing number of failed products (rejection) in the biscuit production line which is suspected to be caused by high workload and employee stress levels. The type of research used is quantitative with an associative descriptive approach. The population in this study is 65 production employees, which are also used as a research sample using saturated sampling techniques. Primary data were collected through questionnaires, then analyzed using SPSS through validity, reliability, classical assumption, correlation, multiple regression, t-test, F-test, and coefficient of determination (R²). The results of the study show that workload has a negative and significant effect on employee performance, as well as work stress has a negative and significant effect on employee performance. Simultaneously, workload and work stress have a significant effect on employee performance with a determination coefficient value (R²) of 0.540, which means that 54% of the variation in employee performance can be explained by these two variables.” This finding confirms that the increase in workload and work stress together can reduce the performance of employees in the production department of PT Mayora Indah Tbk. Therefore, the company's management needs to manage workload and work stress proportionally to maintain and improve employee performance.”

PENGARUH CURRENT RATIO, DEBT ASSET RATIO DAN RETURN ON ASSET TERHADAP NILAI PERUSAHAAN PADA PT. ASURANSI BINA DANA ARTA TBK TAHUN 2015-2024

Irma Herliani, Nurwita Nurwita — Fri, 05 Dec 2025 00:00:00 +0000

This study aims to examine the Influence of Current Ratio, Debt to Asset Ratio and Return On Asset on Company Value Certified by Price Earning Ratio (PER) at PT. Asuransi Bina Dana Arta Tbk. period 2015 -2024 The independent variables in this study are Current Ratio (X1), Debt to Asset Ratio (X2) and Return On Asset (X3) While the dependent variable in this study is Price Earning Ratio (Y), the type of research used is quantitative research. The data collection method used in this study is the purposive sampling method and samples obtained from insurance companies. The analysis method in this study is multiple linear regression analysis with the SPSS 26 program. That this study shows that the Current Ratio (CR) has no effect and is not significant on the Price Earning Ratio with the value of t calculated < t table or (0.312 < 1.94318). with a p value of > Sig. 0.05 or (0.766 > 0.05). between the Debt to Asset Ratio (DAR) has no effect and is not significant on the Price Earning Ratio with the value of t calculated < t table or (0.351 < 1.94318). This is also strengthened by the p value of > Sig. 0.05 or (0.738 > 0.05). between the Return On Asset (ROA) there is an effect and significance on the Price Earning Ratio Result the value obtained t-calculated value > t table or (-3.41 > 1.94318). This is also strengthened by the p value of > Sig. 0.05 or (0.023 > 0.05). and together between the Current Ratio, Debt to Asset Ratio and Return On Asset there is an effect and significance on the Price Earning Ratio Result with the value obtained Fcal > Ftable or (56.367 > 5,41) This is also strengthened by the p value of < Sig.0.05 or (0.00 < 0.05). Thus, H04 was rejected and Ha4 was accepted. Keywords: Current Ratio, Debt to Asset Ratio Return On Asset Price Earning Ratio.

PENGARUH UKURAN PERUSAHAAN, STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN (PT BUKIT ASAM TBK TAHUN 2014 - 2023)

Adinda Tyas Syabila, Vega Anismadiyah — Fri, 05 Dec 2025 00:00:00 +0000

This research aims to examine the effect of firm size, capital structure, and profitability on firm value of PT Bukit Asam Tbk during the 2014–2023 period. The background of this study is based on the fluctuating financial performance of mining companies, which is influenced by global coal price dynamics, capital structure, and the company’s ability to generate profits. The research method employed is a quantitative approach using multiple linear regression analysis with SPSS version 29.0. The independent variables consist of firm size proxied by the Natural Logarithm (LN) of total assets, capital structure proxied by Debt to Equity Ratio (DER), and profitability proxied by Return on Assets (ROA). The dependent variable is firm value proxied by Working Capital Turnover (WCT). The results show that partially, firm size and capital structure have a significant positive effect on firm value, while profitability has a significant negative effect on firm value. Simultaneously, the three independent variables significantly affect firm value with a contribution of 74.2%, while the remaining 25.8% is influenced by other factors outside this research. The conclusion of this study is that firm value is not only determined by profitability, but also by the scale of assets and the management of capital structure. Therefore, PT Bukit Asam needs to maintain a balance between asset expansion, debt management, and efficiency in asset utilization to sustain investor trust and strengthen firm value.

PENGARUH CASH RATIO DAN DEBT TO ASSET RATIO TERHADAP RETURN ON ASSET PADA PT AGUNG PODOMORO LAND Tbk PERIODE 2014-2023

Daffa Fadilah, Nurwita Nurwita — Fri, 05 Dec 2025 00:00:00 +0000

This study is motivated by the phenomenon of fluctuating profitability reflected in the Return On Assets (ROA) of PT Agung Podomoro Land Tbk during the 2014–2023 period, where the company’s financial performance showed instability and even recorded a negative ROA in 2021. This condition encouraged the researcher to investigate the factors influencing profitability, particularly through liquidity and solvency ratios represented by the Cash Ratio and Debt to Asset Ratio (DAR). The purpose of this research is to determine the effect of Cash Ratio and Debt to Asset Ratio on Return On Assets, both partially and simultaneously. The research method used is descriptive quantitative, with secondary data obtained from the annual financial reports of PT Agung Podomoro Land Tbk listed on the Indonesia Stock Exchange (IDX) for the period 2014–2023. Data analysis was conducted using multiple linear regression, partial t-test, simultaneous F-test, and the coefficient of determination (R²) to measure the contribution of the independent variables to ROA. The results show that both Cash Ratio and Debt to Asset Ratio have no significant effect on Return On Assets, either partially or simultaneously. The coefficient of determination (R²) value of 15% indicates that only a small portion of the variation in ROA can be explained by the two independent variables, while the remaining 85% is influenced by other factors such as operational efficiency, cost structure, sales level, and macroeconomic conditions. Based on these findings, it can be concluded that high levels of liquidity and solvency do not necessarily reflect high profitability, implying that the company must pay attention to both internal and external factors to improve its financial performance

Analisis Risiko Usahatani Cabai Merah di Jawa Tengah

Fri, 05 Dec 2025 00:00:00 +0000

Red chili peppers are a potential crop because they are a commodity that contributes to inflation. This commodity is often used as a condiment to flavor Indonesian dishes, which means that it is essential in everyday life. This study aims to determine the costs, income, and risk levels of red chili farming in Central Java. Accidental sampling was used in selecting a sample of 325 respondents. The methods of analysis used were farming and risk analysis. The analysis results show that the total cost is IDR 40,788,998.93/ha, revenue is IDR 146,555,540.44/ha, and income is IDR 105,766,541.51/ha, indicating that farming red chili in Central Java is profitable. This business has a low level of production risk (Cva), price risk (CVb), and income risk (CVc), with CV ≤ 0.5. This shows that farmers are protected from risk when running their farms.