Jurnal Satya Mandiri Manajemen dan Bisnis

Blueprint Pengembangan Lanjutan Usaha Budidaya Ikan Nila Mashas

MuhammadHasyimN07 NURYADIN — Tue, 09 Jun 2026 00:00:00 +0700

This research addresses the strategic development of MASHAS, a tilapia seed breeding business in Sleman, Yogyakarta. Despite its potential, the business faces challenges in operational standardization and market expansion. This study aims to design a comprehensive business development blueprint to enhance sustainability and competitiveness. The research method employs a qualitative and quantitative approach, utilizing PESTLE and SWOT analysis to evaluate internal and external environments, alongside the Balanced Scorecard and Ansoff Matrix for strategic formulation. The results indicate that MASHAS is economically feasible with an R/C ratio of 1.98 and a survival rate exceeding 80%. However, improvements are needed in human resource management and financial separation. The conclusion suggests that implementing a structured blueprint focusing on SOP standardization and digital market penetration is essential for long-term growth. This study provides a practical framework for small-scale aquaculture businesses to scale their operations effectively.

Analysis of the Impact of Deferred Tax, Company Size, and Sales Growth on Profit Management in Retail Companies

Natrion, Sri Waluya, Asrul Guc — Tue, 09 Jun 2026 00:00:00 +0700

ABSTRACT

Financial statements can be defined as documents that present information regarding the financial condition of an entity, whether a company or organization, over a specific period. This study aims to determine the effect of deferred tax, company size, and sales growth on earnings management (an empirical study of retail companies listed on the IDX 2020–2024). The study population consisted of retail companies listed on the Indonesia Stock Exchange for the 2020-2024 period. A total of 40 companies were sampled. The sampling technique used purposive sampling. The data analysis method used multiple linear regression analysis with SPSS version 24 software. The type of data used in this study was secondary data obtained from annual reports and company sustainability reports. The results indicate that deferred tax burden has an effect on earnings management, company size has an effect on earnings management, while sales growth has no effect on earnings management

INTEGRASI KEUANGAN HIJAU: MENGUJI DAMPAK GREEN ACCOUNTING, KINERJA LINGKUNGAN, DAN CSR TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Tahun 2021–2023)

Yosi Stefhani, Dintan Anisa, Noviarti — Tue, 09 Jun 2026 00:00:00 +0700

Abstract

In the modern business landscape, energy sector companies face intense pressure to balance financial performance with environmental responsibility. This study examines the effect of green accounting, environmental performance, and corporate social responsibility (CSR) on profitability. Using a quantitative approach, the data were collected from annual reports and sustainability reports available on the Indonesia Stock Exchange (IDX) as well as the companies’ official websites. Through purposive sampling, 11 energy sector companies listed on the IDX were selected over a three-year period (2021–2023), yielding 33 firm-year observations. Data were analyzed trough classical assumption testing and multiple linear regression analysis using Jamovi statistical software. The simultaneous regression results indicate that green accounting, environmental performance, and corporate social responsibility collectively affect corporate profitability. Partially, the findings reveal that green accounting has a significant impact on profitability, whereas environmental performance and corporate social responsibility do not exhibit a significant effect. These insights underscore the varying strategic impacts of sustainability initiatives on the financial outcomes of energy enterprises.

Determinasi Kinerja Keuangan: Leverage, Ukuran Perusahaan, Financial Distress, Dan Intensitas Modal Pada Perusahaan Sektor Pertambangan

Natrion Natrion, Christina Christina — Tue, 09 Jun 2026 00:00:00 +0700

This study was conducted to examine the effect of leverage, firm size, financial distress, and capital intensity on the financial performance of mining sector companies listed on the Indonesia Stock Exchange (BEI) during the 2020–2024 period, with financial performance measured using Return on Assets (ROA). The study is causal in nature and utilizes secondary data obtained from annual financial statements. The population includes all mining companies listed on the BEI during the study period, while the sample was selected using purposive sampling, resulting in 14 companies that met the criteria and a total of 70 observations. Data analysis was performed using multiple linear regression with the assistance of SPSS version 20. Partial test results indicate that firm size and capital intensity have an effect on financial performance, whereas financial distress does not have a significant impact. Simultaneous testing confirms that all four variables collectively contribute to the financial performance of the mining companies included in the study

REAKSI PASAR MODAL SEBELUM DAN SESUDAH PENGUMUMAN KEBIJAKAN CUKAI ROKOK: STUDI PADA ABNORMAL RETURN, TRADING VOLUME ACTIVITY, DAN VOLATILITAS HARGA SAHAM EMITEN TEMBAKAU 2020–2024

Yuslinda Nasution l, Alina Rohma — Tue, 09 Jun 2026 00:00:00 +0700

This study aims to analyze the capital market reaction to the announcement of the cigarette excise tax increase using an event study method. Market reaction is measured using abnormal return indicators, trading volume activity (TVA), and stock price volatility in cigarette segment corporations listed on the Indonesian capital market during 2020–2024. This study uses an 11-day event window, from t-5 to t+5 around the policy announcement date. The research approach used is quantitative, applying the classical assumption test, paired sample t-test, and the Wilcoxon test. The sample was determined using purposive sampling and involved two tobacco companies. Data were obtained from Indonesia Stock Exchange publications and the official websites of the companies concerned. The results indicate that, in general, there were no significant differences before and after the excise tax increase announcement in terms of abnormal returns or trading volume activity. However, in 2022, a significant difference was found in trading volume activity. Furthermore, descriptively, stock price volatility exhibited a fluctuating pattern, indicating market uncertainty regarding the policy.

THE MODERATION ROLE OF INSTITUTIONAL OWNERSHIP ON THE QUALITY OF CARBON EMISSION DISCLOSURE, ENVIRONMENTAL PERFORMANCE AND CORPORATE FINANCIAL PERFORMANCE

Indira Shinta Dewi shinta, Dede Nurdiniah — Tue, 09 Jun 2026 00:00:00 +0700

ABSTRACT

This study aims to examine the impact of the quality of carbon emissions disclosure and environmental performance on financial performance, with institutional ownership as a moderating variable. This study employs a quantitative approach and panel data regression. It analyses companies listed in Indonesia between 2020 and 2025 that publish sustainability reports and comply with the PROPER system. The results indicate that the quality of carbon emissions disclosure has a significant negative impact on financial performance. Environmental performance does not have a significant direct impact. Institutional ownership significantly strengthens the relationship between the quality of carbon emissions disclosure and financial performance. Conversely, institutional ownership weakens the relationship between environmental performance and financial performance. These findings suggest that institutional ownership acts as a heterogeneous moderator. The uniqueness of this study lies in the development of carbon emissions disclosure quality as a multidimensional construct encompassing completeness, accuracy, independent verification, and strategic integration. This study also positions institutional ownership as a complementary resource whose moderating effect is not always positive. Unlike previous studies that assumed consistent moderation, this study demonstrates that institutional ownership can either strengthen or hinder the economic conversion of various environmental capabilities. The implications of this study suggest that companies need not only to improve carbon disclosure and environmental activities but also to consider the characteristics of institutional investors, who may be short-term oriented, thereby conflicting with long-term environmental investments.

Keywords: Quality of carbon emissions disclosure, Environmental performance, Financial performance, Institutional ownership