Liquidity

Komite Audit Dan Kepemilikan Saham Institusional Sebagai Pendorong Pengungkapan Corporate Social Responsibility (CSR) Pada Perusahaan Basic Material Yang Terdaftar Di Bursa Efek Indonesia (2022-2024)

Gina Panjaitan, Jhon Rinendy Situmorang, Lorina Siregar Sudjiman — Tue, 31 Mar 2026 00:00:00 +0700

This study aims to examine the effect of the audit committee and institutional share ownership on Corporate Social Responsibility (CSR) disclosure in Basic Material sector companies listed on the Indonesia Stock Exchange during the 2022–2024 period. The study applies a quantitative approach using secondary data obtained from companies’ annual reports. The sample was determined using purposive sampling, resulting in a total sample of 30 companies. Data analysis was conducted using multiple linear regression analysis with the assistance of SPSS software version 22. The results show that partially, the audit committee does not have a significant effect on CSR disclosure. In contrast, institutional share ownership has a positive and significant effect on CSR disclosure. Simultaneously, both independent variables significantly affect CSR disclosure. The coefficient of determination indicates that both variables are able to explain 17.4% of the variation in CSR disclosure. The findings suggest that institutional investors play an important role in encouraging increased transparency in CSR disclosure in Basic Material sector companies.

Pengaruh Pengetahuan Investasi Terhadap Keputusan Investasi di Pasar Modal Dengan Minat Investasi Sebagai Variabel Mediasi Pada Galeri Investasi BEI Fakultas Ekonomika Dan Bisnis Universitas Negeri Surabaya

Vina Andriani, Eko Wahjudi — Tue, 24 Mar 2026 00:00:00 +0700

Di era perkembangan ekonomi semakin pesat, membuat individu harus mampu mengelola sumber daya keuangannya dengan cermat dan bijak. Masyarakat sudah mulai menyadari akan pentingnya untuk melakukan investasi, mahasiswa dan pelajar sudah mulai masuk dunia investasi. Faktor yang dapat mendorong mahasiswa untuk berinvestasi adalah pengetahuan investasi. Penelitian ini bertujuan untuk mengetahui pengaruh pengetahuan investasi terhadap keputusan investasi. Ditemukan ketidakkonsistenan pada hasil penelitian terdahulu, sehingga penelitian ini menggunakan minat investasi sebagai variabel mediasi. Jenis penelitian ini adalah penelitian kuantitatif melalui pengujian hipotesis sekaligus pengambilan sampel dengan menggunakan purposive sampling. Sampel yang digunakan adalah mahasiswa yang terdaftar di Galeri Investasi BEI FEB Unesa sebanyak 134 responden. Pengumpulan data menggunakan kuisioner. Analisis data menggunakan analisis SEM-PLS pada software WarpPLS. Hasil Penelitian ini menunjukkan bahwa pengetahuan investasi berpengaruh positif terhadap keputusan investasi, pengetahuan investasi berpengaruh positif terhadap minat investasi, minat investasi berpengaruh terhadap keputusan investasi, dan minat investasi mampu memediasi pengaruh pengetahuan investasi terhadap keputusan investasi

Indonesian Capital Market Response to Tax Reforms: An Integrated Event Study Analysis with Methodological Robustness

Shella Febriyanti, Sri Setia Ningsih — Tue, 24 Mar 2026 00:00:00 +0700

This study examines how Indonesia’s capital market responds to major tax reforms, which hold the potential to influence investor behavior through shifts in risk perception, growth expectations, and confidence in fiscal direction. Using an event study approach, the analysis evaluates market reactions to ten key tax policies through mean-adjusted and market model return estimations. The sample consists of 29 listed companies across multiple sectors, producing 290 Cumulative Abnormal Return (CAR) observations. The testing process includes abnormal return calculations, t-statistics, the proportion of positive reactions, and several robustness checks to validate consistency across different event windows. The findings indicate that average CAR values are generally close to zero, with most policy events showing limited statistical significance. Policies that enhance business certainty, such as the Job Creation Law and the Harmonization of Tax Regulations Law (HPP), tend to generate clearer positive reactions. In contrast, policies that raise tax burdens or are associated with the pandemic show negative or insignificant effects. Sectoral results reveal that energy and mining tend to be more stable compared to infrastructure. The study is limited by its sample size and short-term focus, suggesting the need for broader sector inclusion, volatility-based or machine learning approaches, and macroeconomic or sentiment variables in future research

Peran Badan Permusyawaratan Desa (BPD) dalam Manajemen Pembangunan Desa Tertinggal di Provinsi Banten

Muhammad Yusuf, Susilowati, Arief Safari — Mon, 02 Feb 2026 00:00:00 +0700

This study analyzes the relationship between community participation and the role of the Village Consultative Body (BPD/Badan Permusyaratan Desa) in the governance of disadvantaged village development. Using a qualitative approach with a case study design, the research was conducted on two disadvantaged villages, namely Cinoyong Village (Pandeglang) and Pasindangan Village (Lebak) which were selected purposively based on institutional characteristics and variations in community participation patterns. Data were collected through in-depth interviews, observations, FGDs, and village document reviews, then analyzed using Miles and Huberman's interactive model. The results of the study show that the effectiveness of village governance is highly determined by the quality of interaction between BPD capacity and community participation. Villages with BPD that have high technical capacity, diverse social representation, and a balanced relationship with the Village Head are able to encourage more deliberative and inclusive community participation. On the other hand, the limitations of BPD human resources, the dominance of local elites, and weak documentation of aspirations cause community participation to tend to be instrumental and do not significantly affect policies. This study emphasizes that strengthening the governance of disadvantaged villages requires synergy between increasing the capacity of BPD, providing an inclusive participation mechanism, and improving power relations at the village level. These findings make a conceptual contribution to the study of village governance and offer policy directions to strengthen the sustainable development of disadvantaged villages.

Pembangunan Ekonomi Berkelanjutan: Pendekatan Studi Ekonomi Ibn Khaldun

Noviendri Djalil — Tue, 24 Mar 2026 00:00:00 +0700

The need for a more holistic and ethical development paradigm has intensified as a result of the global crisis characterized by economic inequality, environmental degradation, and the dominance of a materialistic development paradigm. The purpose of this study is to examine Ibn Khaldun's economic theory and re-integrate it into the context of sustainable economic development. This study analyzes Ibn Khaldun's major work, the Muqaddimah, and compares it with the principles of sustainable development found in the Sustainable Development Goals (SDGs). This study uses a qualitative approach and library research methods. The study shows that Ibn Khaldun's ideas, particularly the concept of umran (civilization), fiscal justice, work ethics, and the proportional role of the state, align with the pillars of sustainable development that emphasize the balance between economic growth, social welfare, and system sustainability. Ibn Khaldun also placed moral values as the foundation of a standard for development focused on economic growth and long-term well-being. According to this study, Ibn Khaldun's ideas should be incorporated into a modern Islamic economic framework and utilized in public policymaking focused on multidimensional sustainability.