International Journal of Economics and Management Research
International Journal of Economics and Management Research : ISSN: 2830-2664 (print), ISSN: 2830-2508 (Online) an electronic international journal, provides a forum for publishing the original research articles, review articles from contributors, and the novel technology news related to management, accounting and economic. This journal is SINTA 4 accredited (Decree of the Director General of Higher Education, Research and Technology Number 10/C/C3/DT.05.00/2025 dated March 21, 2025 concerning the Accreditation Rating of Scientific Journals for Period I of 2025) starting from Volume 1 Number 3 of 2022 to Volume 6 Number 2 of 2027. This journal is published 3 (three) times a year, namely the April, August, and December editions. Indexed by : Journal Sponsors and Partners :
Strategy Marketing Product in Increase Consumer Interaction on Social Media
Product Marketing Strategy in Increasing Consumer Interaction on Social Media. Social media is a platform that is widely used by the public. Its existence has great potential for businesses to get closer to customers, increase profits, strengthen marketing and communication strategies, and improve cost efficiency and effectiveness. This research aims to explore the marketing strategy and understand the important role social media plays when marketing the products needed. The research used several interviews and employed qualitative methods. Qualitative research is typically used to answer broad questions, but it can also be applied to explore more focused questions in accordance with the research objectives. The object of the social media marketing interview was obtained based on the results of the interview with the seller or owner of the online shop. The results obtained from the interview on Marketing Strategy Based on Social Media are as follows: determining the right platform (the selected platform should align with the product and target audience, such as Facebook and Tiktok), marketing through video, consistent and quality content, and determining target consumers
Copyright (c) 2025 International Journal of Economics and Management Research https://creativecommons.org/licenses/by-sa/4.0
Evaluate CRM Performance with CSI and Science Ap-proach Implications for Marketing Strategy Umme Saladin Magic Potatoes
This study aims to evaluate the performance of Customer Relationship Management (CRM) in MSMEs of Saladin Kentang Magic using the Customer Satisfaction Index (CSI) and Importance-Performance Analysis (IPA) approaches. A further goal is to formulate a marketing strategy based on the results of the evaluation. The study used a quantitative descriptive method with data collection techniques through questionnaires distributed to 100 respondents of Saladin Potato Magic customers. The research variables include five dimensions of CRM service quality: tangible, reliability, responsiveness, assurance, and empathy. The results of the study showed a CSI value of 76.83% which showed that customers were "satisfied" with the performance of the CRM. The IPA analysis identified priority attributes for improvement in quadrant I, namely the ease of contact through social media and the speed of response to complaints. Attributes in quadrant II that need to be maintained include product variety, product quality, and employee friendliness. The implication of this study is the need for a marketing strategy that focuses on strengthening social media management, improving the complaint handling system, and maintaining product quality as a competitive advantage for Saladin Potato Magic MSMEs.
Analysis of Corporate Social Responsibility Disclosure of Indonesian Islamic Banking Based on the Islamic Social Reporting Index (ISR Index)
In an era that increasingly prioritizes transparency and social accountability, disclosure of Corporate Social Responsibility (CSR) has become an integral part of corporate strategy, including in Islamic banking. CSR is not only related to economic aspects, but must also reflect social, ethical, and sustainability values that are in line with Islamic sharia principles. In Indonesia, Islamic banking is expected to focus not only on profitability but also on the social impact generated from their business activities, which is reflected in CSR disclosure. The purpose of this study was to analyze the implementation of corporate social responsibility (CSR) as measured by the ISR index in Islamic banks in Indonesia using the content analysis method. The population and sample used include the financial statements of Bank Mega Syariah, Bank Syariah Indonesia, and Bank Muamalat Indonesia in 2022-2023. The results of the study show that not all Islamic banks including BMS, BSI and BMI disclose ISR formatively. Only Bank Syariah and Bank Muamalat Indonesia disclose ISR informatively. Bank Mega Syariah does not disclose ISR formatively.
Absorptive Capacity and Intellectual Capital as Catalysts of Innovation: A Cross-Sectoral Perspective from Industry 4.0 to Hospitality Transformation
The synergy between intellectual capital (IC) and absorptive capacity (ACAP) plays a crucial role in driving innovation across both manufacturing and service sectors. This paper bridges insights from Industry 4.0 and the AI- and 5G-enabled transformation of hospitality to explore how firms can leverage IC and ACAP for sustained innovation. Drawing upon a multidimensional conceptual framework, this study explores the dynamics between human, structural, and relational capital, and the potential and realized dimensions of ACAP in enhancing innovation performance. Industry 4.0’s emphasis on cyber-physical systems and data-driven manufacturing is juxtaposed with the hospitality sector’s pivot toward hyper-personalized services enabled by AI and 5G. The study reveals that both sectors share a dependence on dynamic knowledge capabilities, even as they diverge in application. This article proposes a sector-spanning integrative model of innovation and provides actionable managerial and policy-level recommendations to build knowledge-rich, adaptive, and innovation-driven organizations.
The Effectiveness of Social Media Advertising and Brand Image in Attracting New Students in College
Social media has become a strategic instrument in the promotion of higher education institutions to attract the interest of prospective students in the contemporary digital era. This study explores the effectiveness of the implementation of social media advertising on the increase in the number of new students, by considering the role of brand image as an intervening variable, using the theoretical framework of the Hierarchy of Effects Model which describes the stages of the marketing communication process. Through a quantitative methodology with a survey technique on 150 respondents of grade XII high school students in the Tangerang area who were active on social media platforms, multiple linear regression analysis revealed the positive and significant influence of social media advertising, both directly and through strengthening brand awareness and brand image, with t-values of social media advertising (5,527 > t table 1,989) and brand awareness (7,967 > t table 1.989). The simultaneous analysis confirmed the collective influence with F count 54,956 > F table 3,195 at a significance of 0.000, where the research model explained 68% of the variability in the increase in the number of students (R-square = 0.688), while 31.2% was influenced by external factors, emphasizing the importance of a social media advertising strategy that is integrated with the development of a positive brand image in increasing the attractiveness of higher education institutions
Financing Management Paradigm in Islamic Commercial Banks : A Theoretical and Practical Review
The financing management paradigm in Islamic commercial banks is an important foundation in the Islamic financial system that emphasizes justice, transparency, and usefulness. This study aims to examine how this paradigm is applied in the practice of financing management in Islamic banks, as well as the challenges and innovations it faces. Using a qualitative approach through literature study, this study found that the sharia paradigm in financing not only avoids usury, but also encourages productive partnerships and strengthening the people's economy through sharia-compliant contract principles. Various forms of financing such as murabahah, musyarakah, and ijarah are implemented with a strict risk management approach. On the other hand, challenges arise such as limited public understanding of sharia contracts, weaknesses in the control of property rights in murabahah, and inconsistencies in practices with DSN-MUI fatwas. Financing innovations, such as sharia credit cards and blockchain-based digitalization, are important solutions, but still require regulatory support and increased sharia financial literacy. The results of this study indicate the importance of a balance between managerial efficiency and sharia compliance in the financing management paradigm of Islamic banks.
The Effect of Service Quality and Promotion on Consumer Purchase Decisions at Raja Bebek
This research aims to analyze the influence of service quality and promotion on consumer purchasing decisions. Service quality and effective promotional strategies are important factors in shaping consumer perceptions and purchasing interest in a product or service. The research method used is quantitative with a survey approach to 120 respondents who are active consumers in the retail sector. The data were analyzed using multiple linear regression to test the influence of the independent variable on the dependent variable. The research results show that both service quality and promotion have a positive and significant influence on purchasing decisions. Service quality that includes reliability, responsiveness and empathy, as well as targeted promotions, can increase consumer buying interest and loyalty. These findings underline the importance of companies in improving service quality and designing attractive promotional strategies to encourage sustainable consumer purchasing decisions.
Copyright (c) 2024 International Journal of Economics and Management Research https://creativecommons.org/licenses/by-sa/4.0
The Effect of Debt to Equity Ratio (DER) and Sales Growth on ROA of Manufacturing Companies listed on the IDX for the 2021-2024 Period
Financial performance is a crucial indicator in evaluating business stability and success, with Return on Assets (ROA) as one of the main profitability measures. This study aims to examine the effect of Debt to Equity Ratio (DER) and Sales Growth on ROA in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. Using a quantitative approach with a comparative causal design, this study applied purposive sampling to 12 manufacturing companies from the paper and cement subsectors, resulting in 48 observations. Data analysis was conducted using multiple linear regression with SPSS 26. The research findings show that Sales Growth has a positive and significant effect on ROA with a coefficient of 0.082 (sig. 0.004), while DER has a negative and significant effect on ROA with a coefficient of -2.277 (sig. 0.000). Simultaneously, both variables have a significant effect on ROA with an R Square of 0.422, indicating that 42.2% of ROA variation can be explained by the model. These results imply that manufacturing companies need to optimize capital structure by managing debt levels wisely while implementing sustainable sales growth strategies to im- prove profitability performance.
The Role of Brand Personality in Determining the Success of Green Marketing Strategies
This study explores the role of brand personality in the success of green marketing strategies, focusing on the dimensions of sincerity, excitement, competence, and sophistication. The findings indicate that these dimensions significantly enhance consumer trust, loyalty, and purchase intention toward environmentally friendly products. Green marketing influences consumer behavior through both functional and emotional aspects, with external factors such as consumer values, regulations, and market context acting as moderators. These findings provide practical implications for companies to strengthen brand personality and ensure transparency in sustainability claims, while also offering opportunities for further research on the external factors influencing green marketing strategies.
An Assessment of Regional Bureaucratic Capacity in Implementing Inclusive Economic Development Policies
This study evaluates the capacity of regional bureaucracy in implementing inclusive economic development policies in Indonesia. Through an evaluative-qualitative approach, the research examines four dimensions of bureaucratic capacity: institutional, human resources, operational-procedural, and relational-coordinative in case studies across three regions with different typologies. The research findings indicate significant gaps between the required bureaucratic capacity and the actual capacity in the field. Relational-coordinative capacity emerges as a critical factor determining the success of inclusive economic policy implementation, supported by adaptive leadership and collaborative approaches. The study recommends institutional reforms emphasizing collaborative capacity development, decentralized decision-making, and enhanced inclusive economic literacy among the bureaucracy. These findings contribute to the bureaucratic capacity literature by identifying interconnections between capacity dimensions in the context of inclusive economic policy implementation.
Agile Management Implementation and Organizational Performance Enhancement in Post-Pandemic Era
The COVID-19 pandemic has fundamentally transformed organizational management paradigms, accelerating the adoption of agile methodologies beyond traditional software development contexts. This comprehensive study examines the impact of agile management implementation on organizational performance in Indonesian technology companies during the post-pandemic recovery period. Through a quantitative cross-sectional analysis involving 150 technology companies across Indonesia from January 2023 to August 2024, this research employed validated questionnaires measuring agile implementation maturity and organizational performance indicators. Structural Equation Modeling (SEM) was utilized to analyze causal relationships between agile practices and performance outcomes.
Comparative Study of Islamic Financial Values at Wahdah Islamiyah Gorontalo City and Baznas Gorontalo City in Serving the Muslim Community in Gorontalo City
This study aims to compare the application of Islamic financial values in two non-profit institutions serving Muslims in Gorontalo City, namely the Regional Leadership Council (DPD) Wahdah Islamiyah, which is one of the Islamic organizations in Indonesia domiciled in Gorontalo City, and the National Amil Zakat Agency (BAZNAS) Gorontalo City, which is a non-structural government agency. This research uses a descriptive qualitative approach with a literature review technique of research findings that discuss the two institutions. The research found that although both institutions are based on Islamic law in their financial management, the focus of implementation has different characteristics. Wahdah Islamiyah emphasizes the principles of deliberation, trust, justice, and dependence on Allah in the budget decision-making process, while BAZNAS Gorontalo City emphasizes accountability, effectiveness of zakat distribution, and transformation of zakat recipients into zakat givers through the ZMART program. This journal recommends value collaboration between the two institutions to create a more sustainable Islamic financial management system.
Financial Management of the Mosque as an Effort to Improve the Welfare of Halal Food MSME Actors Around Jogokariyan Mosque, Yogyakarta
The purpose of this research is to find out management of mosque financial management in increasing MSME Halal Food as well as supporting and inhibiting factors in improving the welfare of MSME Halal Food actors around the Jogokariyan Mosque , Yogyakarta. In research This the author uses the method of data collection with through observation, interview and documentation. And the library materials then analyze with written source guidelines and draw conclusions. From the results of this study the authors analyze that the financial management used by the mosque in an effort to increase the economic welfare of the congregation is by using planning, organizing, actuating and supervising. And for supporting and inhibiting factors using two factors, namely from internal factors and external factors. The implications of the findings of this study are. The management of the economic empowerment bureau must be consistent and responsible for what has become their responsibility from each division. It is necessary to have supervision and problem-solving measures for the issues faced by Halal Food MSME actors so that they can continuously sustain and grow their businesses. The management of the economic empowerment bureau pays attention to increasing the welfare of Halal Food MSMEs through the implementation of small-scale trading business activities.
Motivations Behind e-WOM and Brand Engagement on Consumer Platforms
The purpose of this study is to determine and examine the factors that influence customers' decision to use electronic word-of-mouth (e-WOM) on consumer opinion platforms, as well as the impact of brand involvement on this behavior. This study synthesizes 21 peer-reviewed journal papers using a Systematic Literature Review (SLR) approach informed by PRISMA guidelines in order to better understand the underlying elements that motivate consumers to express their thoughts online. The findings reveal that consumer participation in e-WOM is influenced by intrinsic factors such as altruism, self-enhancement, and community involvement, as well as extrinsic factors including financial incentives. Furthermore, emotional, cognitive, and behavioral brand engagement significantly contributes to the tendency to engage in both positive and negative e-WOM. The review also highlights that intense brand engagement can enhance loyalty while simultaneously increasing the likelihood of negative e-WOM when expectations are unmet. These insights suggest that the relationship between consumer motivation, brand engagement, and e-WOM is both complex and contextual, shaped by the digital platform in use, product category, and prevailing cultural norms. This study contributes theoretically to consumer behavior literature and offers practical implications for developing more personalized, participatory, and responsive digital marketing strategies in the age of social media.
Influence Party Funds Third and Profit Sharing Financing to Jambi Syariah Bank Assets
This study aims to analyze the effect of third-party funds (TPF) and profit-sharing financing on the assets of Bank Jambi Syariah. Assets are a key indicator in assessing the financial capacity and performance of Bank Jambi Syariah. The research uses monthly time series data over a three-year period and applies multiple linear regression analysis. The results show that both TPF and profit-sharing financing have a significant positive effect on UUS assets. The positive influence of TPF indicates that increased public fund collection can strengthen the financial structure of Islamic business units. Likewise, profit-sharing financing significantly contributes to asset growth, reflecting the effectiveness of fund distribution through productive partnerships. Classical assumption tests confirm that the regression model satisfies the criteria of normality, homoscedasticity, no autocorrelation, and no multicollinearity. The coefficient of determination (R²) value of 0.7356 indicates that 73.56% of the variation in assets can be explained by TPF and profit-sharing financing. These findings highlight the importance of optimal fund management and financing in supporting the asset growth of Islamic Business Units.
Influence Financing Mudharabah and Financing Murabahah To BTN Bank Profit Sharia Period December 2019 – December 2024
This study aims to thoroughly investigate and analyze the influence of Mudharabah financing and Murabahah financing on the profitability of Bank BTN Syariah during the period from December 2019 to December 2024. Adopting a rigorous quantitative research approach with an associative causal design, this research regularly examines monthly financial reports obtained from Bank BTN Syariah. The primary analytical tool employed is regression analysis, which facilitates the robust exploration of relationships between the variables. The empirical findings derived from this study indicate that Mudharabah financing does not exert a statistically significant influence on the bank's profit. Conversely, Murabahah financing demonstrably shows a significant positive influence on the bank's profit, suggesting its effectiveness as a major contributor to profitability. These results collectively underscore the importance of strategic financial product management within Islamic banking institutions. This study proposes that while Murabahah financing effectively contributes to profitability, there is a critical need for enhanced evaluation, more stringent monitoring, and potential restructuring of Mudharabah financing to maximize its overall effectiveness and optimize its contribution to the bank's comprehensive financial performance. The study significantly contributes to the existing body of literature by offering updated empirical insights and a deeper understanding into the complex dynamics of Islamic banking profitability, particularly within the Indonesian context during a period of economic flux.
Analysis of ROA, Interest Rate, FDR, and NPF Effects on Mudharabah Deposit Profit-Sharing Rates in Islamic Banks 2020–2024
This research analyzes the influence of ROA, Reference Interest Rate, FDR, and NPF on the profit-sharing rate of mudharabah deposits at Islamic Commercial Banks from 2020 to 2024. This is a quantitative study using secondary data from annual financial reports. The research uses 9 samples from a population of 16, selected through purposive sampling method. The analysis methods used include descriptive statistics, classical assumption tests, and multiple linear regression with the help of SPSS 27. The results show that the interest rate and FDR have a significant effect on the profit-sharing rate of mudharabah deposits, while ROA and NPF do not show a significant effect. However, simultaneously, all four variables significantly influence the profit-sharing rate. This study indicates that interest rates and FDR are key factors in improving profit-sharing, and emphasizes the importance of banks adjusting their strategies to macroeconomic conditions and the effectiveness of financing. On the other hand, ROA and NPF have proven to have less influence. This research provides practical implications for the management of Islamic banks and investors that adjustments to interest rates and FDR have a greater impact on increasing profit-sharing compared to only focusing on profitability or financing risk. This study also contributes to the literature on Islamic finance by identifying the key factors that influence the profit-sharing rate of mudharabah deposits in the Islamic banking market in developing countries.
The Role of Work-Life Balance, Work Flexibility, and Career Development in Increasing Job Satisfaction of Generation Z Employees
Generation Z students enrolled in the weekend regular program at Pelita Bangsa University often face challenges in maintaining a proper work-life balance due to the dual burden of studying and working. This generation has unique expectations related to work flexibility and career development opportunities. However, these expectations are frequently constrained by limited institutional facilities and support systems, which can negatively impact their job satisfaction. This study aims to analyze the role of work-life balance, work flexibility, and career development in improving job satisfaction among Generation Z employees. A quantitative research method was employed, utilizing the IBM SPSS 29.0.0.0 application for data analysis. Data were collected through a combination of observation, literature review, and the distribution of questionnaires to 38 students from Pelita Bangsa University’s Agribusiness weekend program who also work while studying. The results of the study indicate that work-life balance has a significant influence on job satisfaction, with a p-value of less than 0.001, showing a strong correlation. Work flexibility also contributes significantly, with a p-value of 0.002, and career development is likewise significant with a p-value of less than 0.001. These findings suggest that each of the three independent variables—work-life balance, work flexibility, and career development—has a statistically significant and positive effect on job satisfaction, both partially and simultaneously.In conclusion, Generation Z employees benefit significantly from balanced work and study environments, adaptable work arrangements, and clear opportunities for career progression. Organizations and academic institutions should collaborate to provide greater support and resources to help this generation meet their educational and professional goals. By addressing these factors, job satisfaction among Generation Z workers can be improved, leading to better performance, motivation, and overall well-being.
The Effect of Product Quality and Product Price on Purchasing Decisions At Street Bar Coffee Jember
This study aims to evaluate the influence of product quality and price on consumer purchasing decisions at Street Bar Coffee, a local coffee shop in Jember. The purchasing decision is understood as the culmination of a rational consideration process involving consumers' perceptions of product quality and price fairness. Products perceived to possess high quality and reasonable pricing are more likely to create customer satisfaction, which ultimately influences their decision to purchase. A quantitative research method was employed to obtain objective, valid, and measurable data. Data collection was carried out through the distribution of structured questionnaires to respondents who had previously purchased products from Street Bar Coffee. The data were then analyzed using statistical tools to determine the relationship and influence between the independent variables—product quality and price—and the dependent variable, which is the purchasing decision. The findings show that both product quality and price have a significant and positive impact on consumer purchasing decisions. Consumers tend to make purchase decisions when they perceive that the value offered by the product is proportional to the cost they are required to pay. Among the target market—primarily teenagers and young adults—perceived value is a key factor influencing loyalty and repeat purchases. The novelty of this study lies in its focus on a local MSME, which has received relatively little academic attention compared to larger coffee shop chains. Furthermore, the research emphasizes the strategic importance of aligning product quality with appropriate pricing to build and maintain customer trust. These findings can serve as a practical reference for micro, small, and medium enterprises (MSMEs) in developing marketing strategies that are responsive to local consumer needs, thus supporting long-term business sustainability and competitiveness in regional markets.
Implementation of Environmental Management Accounting in the Waste Management Process at Az-Zahra Clinic, Karawang Regency
Environmental issues arising from medical waste have become an increasingly significant concern in the management of healthcare facilities. This study aims to examine the application of Environmental Management Accounting (EMA) in the waste management process at the Az-Zahra Clinic in Karawang Regency. The research uses a descriptive qualitative approach, with data collected through interviews, observations, and documentation studies. The results indicate that Az-Zahra Clinic has implemented waste management practices, including sorting, temporary storage, and destruction of medical waste through third-party vendors. However, the clinic’s environmental cost recording remains manual and is not integrated into its financial system, which leads to a lack of transparency and accountability. Environmental costs are currently recognized as part of general operating expenses without specific classification, and the measurement of these costs is done using the historical cost method. This study highlights the importance of integrating EMA to enhance the efficiency of waste management, improve compliance with environmental regulations, and ensure transparency in environmental cost recording. By adopting EMA, the clinic could better track and manage its environmental costs, which would contribute to improved operational efficiency and sustainability. It is recommended that the clinic develop a more integrated environmental accounting recording system to enhance the management of environmental impacts, improve the clarity of cost allocations, and support long-term sustainability in its operations. The study underscores the need for healthcare facilities to adopt systematic environmental accounting to ensure compliance with environmental standards and contribute to overall sustainability goals.
Performance Analysis of Halal Product Process Accompa-nying Services for the Islamic Economic Community
This study aims to analyze the performance of halal product process assistance services by the Islamic Economic Community (Masyarakat Ekonomi Syariah/MES) in South Kalimantan. The success of LP3H (Lembaga Pendamping Proses Produk Halal) in assisting the halal product process is crucial to ensuring compliance with halal principles within the Islamic economy. This research adopts a field study design using a quantitative descriptive approach. The sampling technique applied was purposive sampling, involving 96 respondents from Micro, Small, and Medium Enterprises (MSMEs) that had received assistance in the halal certification process. Data were gathered through structured questionnaires and analyzed using the Importance Performance Analysis (IPA) method. The study examines six Islamic service quality dimensions: tangible, reliability, responsiveness, assurance, empathy, and compliance. The findings indicate that the overall quality of assistance services provided by the Halal Product Process Assistants under MES has not yet achieved the level of excellent service. This is evidenced by the gap between the average values of performance and importance across several service indicators. The Cartesian diagram analysis reveals three indicators that require priority improvement: (1) trust in the MES P3H (Halal Product Process Assistant), (2) the neat and professional appearance of the assistants, and (3) the honesty and transparency of the assistants in explaining the halal certification application process. These results suggest the need for MES to improve the competence, appearance, and integrity of its assistants in order to meet the expectations of MSMEs and support the sustainability of halal product development in Indonesia. This study contributes to the evaluation of service quality in halal certification assistance, especially within the Islamic economic framework.
Analysis of Brand Image and Customer Trust Improvement Through Ethical Communication and CSR Practices at Bank Muamalat
Public trust is a vital asset for Islamic banking, particularly in an era where consumers are increasingly conscious of ethical and social values. This study aims to examine the impact of ethical communication and corporate social responsibility (CSR) on brand image and consumer trust in Bank Muamalat. Adopting a quantitative explanatory approach, the study utilized the SEM-PLS analysis technique to analyze data collected from Bank Muamalat customers in key urban areas, including Jakarta, Bandung, and Surabaya. The results indicate that ethical communication has a significant influence on brand image, while CSR directly affects consumer trust. Additionally, brand image serves as a mediating variable in fostering consumer trust. These findings underscore the importance of integrating transparent and ethical communication with CSR practices, especially those that align with the Islamic maqasid shariah principles. By doing so, Islamic financial institutions can strengthen their credibility and establish long-term relationships with consumers. In a highly competitive and information-driven environment, ethical communication and CSR initiatives go beyond mere promotional tactics. They play a crucial role in building customer loyalty, enhancing institutional integrity, and maintaining public trust. For Islamic financial institutions, particularly in the post-truth era, these factors are instrumental in differentiating themselves from competitors and ensuring sustainable growth. This study highlights the strategic value of combining ethical communication with CSR practices that reflect the values of Islamic teachings. The integration of these practices not only enhances the brand image but also fosters greater consumer trust, which is essential for the long-term success of Islamic banking institutions in today’s market. Thus, ethical communication and CSR should be viewed as fundamental components of a holistic strategy aimed at building strong, lasting relationships with customers.
Exploring the Mediating Role of Fintech Adoption in Reducing Perceived Risks and Promoting SME Sustainability
This study examines the role of fintech adoption in mediating the relationship between perceived risk and business sustainability in Small and Medium Enterprises (SMEs) in Samosir Regency. Using a quantitative approach with data analyzed through Structural Equation Modeling (SEM), the study finds that fintech adoption significantly reduces the perceived risks faced by SME owners, which in turn contributes to long-term business sustainability. Digital technologies such as electronic payment systems, peer-to-peer lending platforms, crowdfunding, and mobile banking have proven to enhance operational efficiency, expand market reach, and improve financial transparency and control. These benefits help SMEs build resilience and competitiveness, especially in rural areas like Samosir where access to conventional financial services is limited. Despite the potential benefits, challenges such as limited technological knowledge, digital infrastructure gaps, regulatory uncertainty, and the lack of skilled human resources remain major barriers to effective fintech implementation. The study highlights that the role of government and stakeholders is vital in creating an enabling environment for fintech adoption. This includes policies that encourage innovation, facilitate access to digital infrastructure, provide education and training to increase digital literacy, and foster partnerships between SMEs and fintech service providers. Additionally, support from local communities and continuous awareness campaigns can further reduce resistance to change and increase trust in digital financial solutions. Overall, this research emphasizes that fintech adoption plays a crucial role in not only mitigating business risks but also supporting the long-term sustainability and growth of SMEs in the digital era.
The Influence of Financial Literacy and Impulsive Buying Behavior on The Spending Behavior of Shopee PayLater User Among Generation Z
This study examines the influence of financial literacy and impulsive buying behavior on the shopping behavior of Shopee PayLater users among Generation Z. PayLater's convenient, instant transactions are attractive to the younger generation, but on the other hand, they have the potential to encourage unhealthy consumer behavior if not balanced with adequate financial understanding. Generation Z, as an age group highly familiar with technology and digital financial services, is a key focus of this study. This study used a quantitative approach with a purposive sampling method to recruit relevant respondents: active Shopee PayLater users aged 18 to 25. Data were collected from 150 respondents through an online questionnaire and then analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM).The results show that both financial literacy and impulsive buying behavior have a positive and significant influence on the shopping behavior of Shopee PayLater users, both partially and simultaneously. However, the influence of impulsive behavior proved to be more dominant than financial literacy. These findings confirm that while improving financial literacy plays a crucial role in guiding individuals to manage their personal finances more wisely, emotional and psychological factors, such as impulsivity, remain key determinants of digital spending decisions. Therefore, this research offers important implications for developing digital-based financial education strategies that focus not only on cognitive aspects but also on affective and behavioral dimensions. The findings are expected to serve as a basis for policymakers, educational institutions, and digital financial platforms in designing more effective and adaptive financial empowerment programs for Generation Z.
The Influence of Competence and Work Discipline on Employee Performance with Motivation as an Intervening Variable
The most crucial factor in achieving employee performance targets and producing high-quality work lies in how a company fosters motivation among its employees. Motivation serves as a driving force that influences employees’ willingness to perform their tasks optimally. This study employed a quantitative research approach using primary data. The research population consisted of 381 employees of PT Jateng Agro Berdikari (Perseroda), with performance appraisal conducted through the 360-Degree Feedback method. The sampling technique applied was purposive sampling, selecting respondents who met specific research criteria. Data collection was carried out through questionnaires and interviews to ensure a comprehensive understanding of the research variables. Instrument validity and reliability tests were conducted to confirm that the measurement tools used were both accurate and consistent. Data analysis involved multiple linear regression to determine the relationships between variables, while hypothesis testing utilized partial tests (t-tests), the coefficient of determination (R²), path analysis, and the Sobel test to examine mediation effects. The results showed that competence and work discipline significantly influenced work motivation. However, competence alone did not have a direct impact on employee performance. In contrast, work discipline and work motivation had a positive and significant effect on employee performance. Moreover, work motivation was found to mediate the relationship between competence and employee performance, as well as between work discipline and employee performance. These findings highlight the importance for companies to develop strategies that not only enhance employees’ competencies and enforce work discipline but also strengthen work motivation. A motivated workforce is more likely to achieve performance targets and maintain high standards of work quality, thereby supporting organizational success and sustainability.
The Influence of Financial Literacy, Ease of Use, and Risk Perception on the Intention to Use E-Wallet (LinkAja)
This study aims to analyze the influence of financial literacy, ease of use, and risk perception on public interest in using the LinkAja e-wallet service in Telukjambe Timur District, Karawang Regency. A quantitative approach with a descriptive-verificative method was employed to assess the relationships among the variables. Primary data were collected through structured questionnaires distributed to 100 respondents selected through purposive sampling techniques. The selection criteria focused on individuals who have at least heard of or used LinkAja, ensuring the relevance of their responses to the research objectives. Data were analyzed using multiple linear regression with the support of SPSS version 26 software. The findings reveal that, simultaneously, the three independent variables—financial literacy, ease of use, and risk perception—significantly influence public interest in adopting LinkAja. However, on a partial basis, only ease of use and risk perception exert a statistically significant effect. In contrast, financial literacy does not show a meaningful impact. This implies that while having knowledge about financial tools is beneficial, it is not the decisive factor in motivating individuals to use digital wallets like LinkAja. Ease of use proves to be a major determinant, as users tend to prefer platforms that are intuitive and user-friendly. Risk perception also plays a critical role, where lower perceived risks enhance user trust and willingness to engage in digital transactions. Based on these findings, it is recommended that LinkAja prioritize user experience improvements and continuously invest in robust cybersecurity measures to build user confidence and broaden adoption across demographic segments.
Human Capital and Employee Performance : The Mediating Role of Training and Digital Innovation
The advancement of digitalization requires the Semarang City Population and Civil Registration Office (Disdukcapil) to improve employee performance through human resource management that adapts to technological developments. The implementation of digital-based services is essential to improving the efficiency and quality of public services. One innovation implemented is the Si D'nOK application, which has proven to accelerate and improve the issuance of e-KTP (electronic ID card) cards. This success demonstrates the critical role of digital innovation in supporting organizational performance. However, although employee training is believed to significantly contribute to strengthening human resource capacity and the success of innovations, empirical studies measuring the direct and indirect effects between human resources, training, digital innovation, and employee performance in the context of this agency are still limited. This study aims to analyze the influence of human resources on employee performance at the Semarang City Disdukcapil, with training and digital innovation as mediating variables. The approach used is a descriptive quantitative approach, with a survey method using a questionnaire distributed to all Disdukcapil employees. Data analysis was performed using Partial Least Squares – Structural Equation Modeling (PLS-SEM) using SmartPLS 3 software. The results of the study indicate that human resources have a positive and significant impact on training, digital innovation, and employee performance. Training significantly impacts employee performance, and digital innovation has also been shown to contribute significantly to improved performance. Furthermore, human resources indirectly influence performance through improved training quality and the utilization of digital innovation.
Leverage Ratio, Capital Intensity, and Inventory Turnover: Their Influence on the Effective Tax Rate of Textile and Garment Manufacturing Companies (2017–2023)
This study aims to evaluate the impact of debt ratios, capital intensity, and inventory turnover on effective tax rates (ETR) in manufacturing companies in the textile and garment sectors listed on the Indonesia Stock Exchange (IDX) during the 2017–2023 period. The background of this research stems from the urgency of fiscal efficiency to enhance the competitiveness of Indonesia's textile industry, which faces significant challenges from global economic pressures, fluctuating export demands, and increasing production costs. These external factors have pushed companies to seek strategic ways to manage their tax burden without violating prevailing regulations. The research adopts a quantitative approach, employing the Common Effect Model (CEM) in panel data regression, with data derived from 112 firm-year observations across 16 companies selected based on specific criteria. This approach is chosen for its effectiveness in analyzing the influence of multiple variables over time while controlling for company-specific characteristics. The empirical findings reveal that leverage, or debt ratio, does not significantly affect the ETR, suggesting that the use of debt as a tax shield is not effectively utilized or is neutralized by other factors such as regulatory constraints or conservative financial policies. In contrast, capital intensity—measured by the proportion of fixed assets—has a significant negative impact on ETR. This indicates that companies with higher investments in fixed assets can reduce their taxable income through depreciation expenses, making capital intensity a valuable tax planning tool. Meanwhile, inventory turnover shows a significant positive relationship with ETR. Although high inventory turnover generally indicates operational efficiency and strong sales performance, it may also lead to higher taxable income, thus increasing the overall tax burden. This paradox underlines the complexity of aligning operational efficiency with fiscal efficiency in practice.
Comparative Analysis of Pricing and Features of Cloud-Based Accounting Software in Indonesia
The development of cloud technology itself has encouraged digitalization in various sectors, including accounting. In Indonesia, for example, more and more businesses—especially micro, small, and medium enterprises (MSMEs)—have begun to switch to using cloud-based accounting software to improve the efficiency, accuracy, and accessibility of financial management. This transition is not only driven by the need for real-time data and automation but also by the increasing availability of affordable internet infrastructure and government support for MSME digital transformation. This study aims to conduct a comparative analysis of the price and main features of four popular cloud accounting software in Indonesia, namely Beecloud, Jurnal by Mekari, Accurate Online, and Kledo. These four platforms have been selected based on their popularity, user base, and relevance for MSMEs in Indonesia. The data for this study was collected secondarily through each provider’s official website and publicly available documentation during the period of May 1–5, 2025. The method used is a descriptive-comparative quantitative approach, which involves analysis techniques such as descriptive statistics, price-per-feature ratio calculations, and data visualization tools including tables, bar charts, heatmaps, and scatter plots. This approach allows for a comprehensive understanding of both the cost structure and functional range of each product. The results show that there are significant differences in pricing models and the number of features offered. Beecloud SME offers the lowest price-per-feature ratio, suggesting high value for cost-conscious users. On the other hand, Jurnal Enterprise has the highest ratio, indicating a more premium pricing strategy that may be more suitable for medium to large enterprises with more complex needs.
Analysis of Drug Management Process Using Lean Concept
This study aims to analyze and improve the efficiency of the drug distribution process in the IFRS pharmacy warehouse of Pasirian Regional General Hospital, Lumajang Regency, using the Lean approach. The main issues identified include a low Inventory Turnover Ratio (ITOR) of less than four times per year and the persistent occurrence of expired drugs amounting to To address these problems, Value Stream Mapping (VSM) and Future State Mapping (FSM) methods were applied to map the drug distribution process, identifying value-added (VA), non-value-added (NVA), and necessary but non-value-added (NNVA) activities. Root cause analysis using the 5 Why method revealed that the primary factors contributing to inefficiency were unscheduled drug distribution,
A Decade of Green Accounting in Indonesia and the UK : Implementation, Challenges, and Opportunities
Green accounting is one of the important approaches in sustainability reporting, where the concept of sustainability reporting integrates environmental factors into the traditional accounting process. This integration reflects the growing global awareness that environmental degradation and climate change must be addressed not only by governments and civil society but also by the corporate sector through transparency and accountability in financial disclosures. This article aims to comparatively analyze the implementation of green accounting in Indonesia and the United Kingdom (UK), focusing on the challenges faced and the opportunities for strengthening the practice in both countries. This research uses a qualitative literature review method by collecting, synthesizing, and analyzing scientific articles, regulatory frameworks, and institutional reports published between 2016 and 2025. The results show that the UK has implemented green accounting more comprehensively and systematically, supported by strong environmental regulations, mandatory disclosure requirements, and high awareness within the private sector. The UK's implementation is closely aligned with international standards such as the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD), which help ensure consistency and comparability of sustainability reporting across industries. In contrast, Indonesia is still in the developmental stage regarding green accounting adoption. Several challenges persist, including limited regulatory mandates, lack of technical expertise, minimal integration of environmental indicators in corporate reporting, and low levels of awareness among SMEs and regional stakeholders. Nevertheless, the country has shown growing interest in sustainable practices, especially following the issuance of green taxonomy and the development of ESG (Environmental, Social, Governance) investment frameworks.
Analyzing the Influence of UTAUT2 Constructs and E-Commerce Usage Frequency on Gen Z's Purchase Intention Toward AR Virtual Try-On Shade Filters
The rapid growth of Indonesia’s beauty and e-commerce industries has fueled the adoption of Augmented Reality (AR) virtual try-on (VTO) shade filters, particularly for makeup products such as lipstick and foundation. These tools enable users to visualize products before purchasing, addressing a major challenge in online beauty shopping. While Gen Z consumers are highly active in digital environments, research on how AR VTO shade features influence their buying decisions remains limited. This study applies the Unified Theory of Acceptance and Use of Technology 2 (UTAUT2) to examine the impact of each UTAUT2 construct on purchase intention among Indonesian Gen Z consumers when using AR try-on shade filters on e-commerce platforms. It also investigates whether e-commerce usage frequency moderates these effects. A quantitative method was employed, with data collected from 260 female Gen Z respondents and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Findings reveal that all seven UTAUT2 constructs—Performance Expectancy, Effort Expectancy, Social Influence, Facilitating Conditions, Hedonic Motivation, Price Value, and Habit—significantly influence purchase intention, with Habit emerging as the strongest predictor. Moreover, e-commerce usage frequency was found to moderate these relationships. Among frequent users, the effects of Performance Expectancy, Facilitating Conditions, Hedonic Motivation, and Price Value on purchase intention were stronger, while the influence of Effort Expectancy, Social Influence, and Habit was weaker. The results confirm that UTAUT2 effectively explains AR adoption in e-commerce beauty contexts. The study suggests that businesses should tailor AR strategies according to users’ e-commerce experience levels to enhance engagement, strengthen purchase intentions, and optimize the effectiveness of AR integration. Such adjustments can help e-commerce platforms provide more personalized and immersive shopping experiences, ultimately boosting customer satisfaction and sales performance.
Economic Dynamics and Human Resource Cohesiveness in Post-Disaster Recovery : A Quantitative Analysis of Indonesian Communities
This study examines the influence of economic dynamics and human resource cohesion on the success and speed of post-disaster economic recovery in Indonesian communities. Using a cross-sectional quantitative survey design, data were collected through structured questionnaires from 120 respondents consisting of community members and recovery team members in disaster-affected areas across Indonesia during the period 2020-2024. This study used descriptive statistics, Pearson correlation analysis, and multiple linear regression using IBM SPSS Statistics 26 to analyze the relationship between these variables. The results showed that both economic dynamics (β = 0.30, p < 0.001) and human resource cohesion (β = 0.48, p < 0.001) had a significant positive effect on post-disaster economic recovery. The model used in this study was able to explain 72.7% of the variance in economic recovery (R² = 0.727, F = 155.39, p < 0.001). Human resource cohesion emerged as a stronger predictor, with a correlation of r = 0.804 with economic recovery, while economic dynamism correlated at r = 0.694. These findings emphasize that communities with strong economic activity and high levels of social cohesion tend to recover more quickly and effectively in maintaining business continuity and income stability. This study highlights the importance of integrating economic strengthening initiatives with increasing social cohesion as a key strategy to accelerate and sustain post-disaster community recovery efforts. The implication of these findings is that economic recovery programs must include social components that strengthen relationships between individuals, groups, and institutions within the community to create sustainability in the recovery process.
The Effect Of Segmentation, Targeting, And Positioning On Consumer Loyalty With Consumer Satisfaction As A Indicator Intervening Variable
Research on Segmentation, Targeting, and Positioning (STP) strategies, customer satisfaction, and customer loyalty is still very limited, especially in Timor-Leste. This study aims to analyze the Segmentation, Targeting, and Positioning (STP) strategies implemented by Timor Plaza that affect consumer loyalty, which is mediated by consumer satisfaction. The population in this study were consumers, whose number is not known for certain. The determination of respondents was based on Lemeshow's theory, resulting in a total of 96 respondents. Respondents who will be the research subjects were determined using accidental sampling. The data analysis technique used statistical software; Partial Least Square-Structural Equation Modeling (PLS-SEM). Based on the results of the path analysis, it can be concluded that the segmentation strategy at Timor Plaza Mall is not yet effective because it does not have a significant influence on consumer satisfaction and loyalty. Targeting and positioning strategies are proven to have a positive and significant influence on consumer satisfaction and loyalty. Consumer satisfaction plays an important role in forming loyalty, indicating that a satisfying shopping experience strengthens emotional attachment and consumer behavior. The mediation results indicate the existence of complex dynamics in the mediation of satisfaction: there is no mediation between segmentation and loyalty, there is negative mediation in the relationship between targeting and loyalty, and inconsistent mediation in the relationship between positioning and loyalty, this indicates that direct and indirect influences can move in different directions. This study contributes valuable insights into the effectiveness of STP strategies in the context of Timor-Leste, especially within the retail sector, which has seen limited academic focus.
Implementation of Green Accounting in Waste Management at The Aqma Cikampek Clinic, Karawang Regency
Suboptimal medical waste management has a negative impact on the environment and public health. Aqma Clinic Cikampek has implemented a waste management system according to standards, but the recording of environmental costs is still combined with general operational costs without any specific classification, thus hampering transparency and effectiveness of waste cost management. This study uses a descriptive qualitative method with data collection techniques through interviews, observations, and document analysis related to environmental cost recording. The results show that Aqma Clinic still carries out medical waste management according to procedures such as separating infectious and non-infectious waste and collaborating with third parties for waste disposal. However, the recording of waste management costs has not been done separately and still uses the historical cost method. The study recommends the implementation of Green Accounting with the Activity-Based Costing (ABC) method to improve transparency and accountability of environmental costs. This study concludes that the implementation of Green Accounting at Aqma Clinic is still partial and has not been integrated into the formal accounting system. Therefore, it is necessary to develop a more structured and transparent environmental cost recording system to support operational sustainability
The Influence of Healthy Lifestyle, Brand Image and Quality On Hand Sanitizer Purchase Decisions Which Impact Repeat Purchases
The COVID-19 pandemic has significantly changed people’s lifestyles, encouraging them to live cleaner and healthier in an effort to maintain their immunity. One prominent change is the increased habit of using hand sanitizers as a quick and effective way to keep hands clean and reduce the risk of viral transmission in daily activities. This thesis research aimed to examine the effect of a healthy lifestyle, brand image, and product quality on the purchase decision of hand sanitizer products and how these factors subsequently influence repurchase behavior. This study employed a quantitative research design with data analysis conducted using LISREL 8.80, which allows for accurate testing of structural relationships between variables. The findings of this study indicate that a healthy lifestyle has a significant positive effect on consumers’ initial purchase decisions of Dettol’s hand sanitizer, highlighting the role of health awareness in driving demand for hygiene products during the pandemic. Similarly, brand image significantly affects purchase decisions, showing that a strong and trusted brand enhances consumers’ confidence when selecting hygiene products. Product quality also demonstrated a significant influence on purchase decisions, emphasizing that effectiveness, safety, and reliability remain critical in consumer choice. However, the results also reveal that a healthy lifestyle does not have a direct significant effect on repurchase behavior. In contrast, brand image and product quality both show significant impacts on repurchase decisions, reflecting the importance of maintaining brand trust and consistent product standards to encourage customer loyalty. Furthermore, purchase decisions significantly affect repurchase intentions, confirming that a satisfactory initial purchase experience is a key driver for continued product usage.
The Impact of Stress Due to Remote Working (Teleworking) Caused by Tecnostress on Employee Satisfaction, Anxiety, and Performance in DIY
The advancement of information technology has significantly transformed work patterns, leading to the widespread adoption of remote work or teleworking. While teleworking offers flexibility and convenience, excessive use of technology can result in technostress, which can negatively impact employees' psychological well-being and job performance. This study aims to examine the effect of technostress on job satisfaction, anxiety, and performance among teleworkers in the Special Region of Yogyakarta (DIY). A quantitative approach utilizing Partial Least Square Structural Equation Modeling (PLS-SEM) was applied, with 100 respondents participating in the study. The results indicate that technostress has a negative effect on job satisfaction, suggesting that high levels of stress caused by technology usage in teleworking reduce employees' satisfaction with their jobs. Additionally, technostress has a positive effect on work-related anxiety, meaning that increased technostress leads to heightened anxiety levels among teleworkers. Anxiety, in turn, was found to negatively influence job satisfaction, highlighting the detrimental impact of anxiety on employees' contentment with their work. However, anxiety did not show a significant impact on performance, indicating that while anxiety affects satisfaction, it does not directly hinder job performance. On the other hand, job satisfaction has a significant positive effect on performance, meaning that employees who are more satisfied with their jobs tend to perform better. These findings emphasize the importance of managing technostress to maintain a productive and healthy digital work environment. Practical implications include the need for digital training to help employees manage technology effectively, psychological support to alleviate stress and anxiety, and the development of structured remote work policies that prioritize employee well-being. By addressing these factors, organizations can improve job satisfaction, reduce anxiety, and enhance overall performance in teleworking environments.
Factors Influencing Consumer Buying Interest in the Safety Equipment Industry: A Comprehensive Analysis of Key Determinants
This study aims to explore how brand image, product quality, regional background, and product value influence purchase intention, particularly for personal protective equipment in Indonesia. The research focuses on identifying the key elements that affect consumer behavior when making purchasing decisions. A quantitative approach was used for this study, with data collected through an online survey distributed to 109 participants from various industry sectors. The results of hypothesis testing using Structural Equation Modelling Partial Least Squares (SEM-PLS) reveal that origin significantly influences product quality and value but has no impact on brand image or purchase intention. Conversely, product quality has a positive effect on both brand image and purchase intention. Product value also positively influences brand image and purchase intention. Additionally, brand image was found to have a positive impact on purchase intention. These findings suggest that product quality and value are crucial factors in shaping brand perceptions and influencing consumer purchasing decisions. This research contributes to the theoretical understanding of marketing science and offers practical insights for businesses to develop more effective marketing strategies. Companies should focus on enhancing product quality and value to improve brand image and, ultimately, drive purchase intention. Furthermore, the premise of lacking evidence is not acceptable, as the complexity and broad scope of the Loch Ness measurements make physical evidence extremely difficult to obtain. Therefore, the study emphasizes the importance of understanding consumer perceptions and how various factors contribute to their purchasing behavior, which can guide companies in tailoring their strategies to better meet consumer expectations.
The Influence of Safety Culture on Patient Safety among Nurses at I. A Moeis Regional General Hospital, Samarinda in 2024
Patient safety is a top priority in healthcare and nursing services. A strong patient safety culture plays a crucial role in preventing medical incidents that could endanger patients. The successful implementation of a safety culture in hospitals depends on the perceptions and practices of healthcare workers, particularly nurses. A well-implemented safety culture has positive impacts, such as reducing medical incidents, improving service quality, and increasing patient trust. However, suboptimal or inconsistent implementation may lead to negative effects, such as undetected medical errors, decreased compliance with procedures, and a weakened incident reporting culture. Therefore, continuous evaluation of safety culture implementation is essential. Objective: This study aims to analyze the influence of safety culture on patient safety among nurses at RSUD I. A Moeis Samarinda. This research used a quantitative approach with an analytical survey design. Data were collected through questionnaires distributed to nurses at RSUD I. A Moeis Samarinda, with samples selected using a convenience sampling technique. Statistical tests were conducted to identify the relationship between safety culture and patient safety. The study showed a significant relationship between safety culture and patient safety. Based on the Wilcoxon test, the p-value was 0.02 ≤ 0.05, indicating that the null hypothesis was rejected. Additionally, the Cronbach’s alpha value was greater than 0.6 (0.601 > 0.6), suggesting that safety culture has a positive and significant effect on patient safety at RSUD I. A Moeis Samarinda. Hospitals need to enhance nurses’ awareness of the importance of safety culture through training, optimal workload management, and the implementation of more effective safety policies.
Fair Value Valuation Analysis of Stock Prices Using The Discounted Cash Flow (DCF) Approach In Telecommunication Companies In Indonesia
PT Telkom Indonesia (Persero), Tbk (TLKM), PT XL Axiata, Tbk (EXCL), and PT Indosat, Tbk (ISAT) are three Indonesian telecommunications firms whose stocks will be valued using the Discounted Cash Flow technique from 2019 until 2023. According to the analysis, TLKM and EXCL stocks are undervalued, with market prices lower than their intrinsic values. This condition presents attractive investment opportunities for long-term investors, where potential gains may be realized if the companies' performance continues to improve and the market eventually appreciates the intrinsic value of the stocks. Conversely, ISAT stocks are identified as overvalued, with market prices exceeding their intrinsic values. This situation indicates excessive market expectations or the influence of certain external factors, making the decision to sell ISAT stocks a strategic move to realize capital gains before potential market corrections occur. These results emphasise how crucial it is to fully comprehend the internal and external aspects affecting company value before making any investing decisions. Investors are advised not to rely solely on valuation results but to also consider industry prospects, macroeconomic conditions, and company-specific issues to ensure more informed and strategic investment decisions. This study provides valuable insights for investors and market participants in identifying opportunities and risks in stock investments within the telecommunications sector.
Factors Affecting Income Smoothing in Food and Beverage Companies
This study aims to obtain empirical evidence on the effect of firm size, dividend payout ratio, cash holding, and board size on income smoothing practices in food and beverage companies listed on the Indonesia Stock Exchange during the 2018–2023 period. Income smoothing, as a common earnings management practice, is often carried out by managers to reduce fluctuations in reported earnings and present a more stable financial performance to stakeholders. The sample in this study was determined using a purposive sampling method based on specific criteria, resulting in 70 firm-year observations. The research utilized secondary data obtained from annual financial statements published on the official IDX website. Data were analyzed using logistic regression with the assistance of SPSS 25.0 to test both simultaneous and partial effects of the independent variables on income smoothing behavior. The results reveal that simultaneously, firm size, dividend payout ratio, cash holding, and board size significantly influence income smoothing practices. Partially, the dividend payout ratio shows a significant positive effect, indicating that companies with higher dividend distributions are more likely to engage in income smoothing to maintain investor trust and dividend stability. Conversely, board size has a significant negative effect, suggesting that larger boards may strengthen oversight and reduce managerial discretion in earnings management. On the other hand, firm size and cash holding do not exhibit significant effects on income smoothing, implying that these factors are not the primary determinants of such practices in the food and beverage sector. Overall, these findings highlight the importance of dividend policy and corporate governance structures in shaping financial reporting behavior. The study contributes to the literature on earnings management by providing new evidence from an emerging market context and offers practical implications for investors, regulators, and corporate boards in assessing the credibility of reported earnings.
Increasing work engagement through the roles of transformational leadership, perceived organizational supports, and work motivation (study at SMA Negeri 2 Mranggen, Demak, Indonesia)
This analysis is intended to evaluate the impact of transformational leadership and perceived organizational support on educators' work attachment at SMA Negeri 2 Mranggen, Demak Regency, with work motivation placed as an intermediate variable. This study seeks to close the gap from previous research that showed mixed results related to the relationship between these variables. The approach used in this analysis is in the form of a survey with an explanatory research design. The subjects of the analysis included all teaching staff at SMA Negeri 2 Mranggen, Demak Regency, which amounted to 67 people, as well as being used as a sample through the total sampling technique. The main data sources were obtained using questionnaires and interviews, then processed using the Partial Least Square (PLS) method using the SmartPLS application version 4.0. The findings of the analysis confirm that transformational leadership and work motivation have a positive and significant influence on work attachment. However, the perceived organizational support does not have a significant influence on work attachment, either directly or through work motivation as a mediating variable. This indicates that work motivation is not able to bridge the influence of transformational leadership and perceived organizational support on work attachment.
Linking Internal Control, Leadership Style, and Compensation to Enhance Employee Performance
This study examines the influence of internal controls, leadership style, and compensation on employee performance at petrol stations in Boyolali. Employing a quantitative research design, the study surveyed a total of 38 employees using a census approach to ensure comprehensive data collection. Data were obtained through structured questionnaires and analyzed using multiple regression techniques to determine both individual and collective effects of the independent variables. The results indicate that internal control, leadership style, and compensation each have a positive and significant impact on employee performance when assessed individually. Furthermore, the simultaneous analysis using the F-test confirms that these three variables collectively exert a significant influence on performance outcomes. The coefficient of determination (R²) demonstrates that a substantial portion of the variation in employee performance can be explained by the combined effect of these variables, while the remaining variance is attributed to other external or unmeasured factors. These findings underscore the importance of robust internal control systems, effective leadership practices, and fair compensation structures in enhancing workforce productivity and organizational effectiveness. The study provides practical insights for management in the retail fuel sector, suggesting that strategic improvements in these areas can lead to measurable gains in employee performance. Future research is encouraged to explore additional variables that may further explain performance dynamics in similar operational contexts.
The Effect of Profitability, Asset Growth, and Profit Growth on Company Value
The purpose of this study is to examine the influence of profitability, asset growth, and profit growth on firm value in technology sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The research population includes 47 technology companies, from which 9 companies were selected using a purposive sampling technique to meet the study criteria. This research applies a quantitative approach with multiple linear regression analysis to test the hypotheses. Data analysis includes descriptive statistics, classical assumption tests, and hypothesis testing using t-tests and F-tests. The results of the partial test (t-test) indicate that profitability and profit growth have a positive and significant effect on firm value, demonstrating that higher profitability and sustained profit growth increase investors’ confidence, which leads to improved valuation. Conversely, asset growth does not significantly influence firm value, suggesting that an increase in assets does not necessarily reflect better performance or market perception in the technology sector. The simultaneous test (F-test) produces an F-value of 10.203 with a significance level of 0.000, confirming that profitability, asset growth, and profit growth collectively exert a significant effect on firm value. Furthermore, the coefficient of determination (R²) is 0.489, meaning that 48.9% of the variation in firm value is explained by these three independent variables, while the remaining 51.1% is influenced by other factors not included in this model. These findings imply that firms should prioritize profitability and profit growth strategies to enhance their market value in the competitive technology industry.
The Effect of Price, Promotion, and Brand Image on Mixue Repurchase Interest in Garut Regency
The purpose of this study is to examine the effect of price, promotion, and brand image on consumers’ repurchase intention of Mixue products in Garut Regency. This research employs a quantitative approach using primary data collected through a structured questionnaire distributed to 120 respondents who have purchased Mixue products. Respondents were selected using a convenience sampling method to ensure accessibility and relevance. The research instrument was tested for validity and reliability, and both were confirmed to meet statistical standards. Data analysis was conducted using SPSS Statistics version 27, applying multiple linear regression to test the hypotheses. The results indicate that price, promotion, and brand image each have a positive and significant impact on repurchase intention. These findings suggest that competitive pricing, effective promotional strategies, and a strong brand image are key determinants in fostering consumer loyalty and encouraging repeat purchases. Furthermore, this study highlights the importance for Mixue’s management to continuously evaluate and improve these factors in order to enhance consumer retention and sustain long-term business growth. The study provides practical implications for marketing strategy formulation in highly competitive markets, especially within the food and beverage industry. Additionally, future researchers are encouraged to include other variables such as product quality, customer satisfaction, and consumer trust to obtain a more comprehensive understanding of factors influencing repurchase intentions.
The Effect of Work Focus on Employee Performance at PT Nipro Indonesia Jaya
This study aims to analyze the effect of work focus and productivity on employee performance at PT Nipro Indonesia Jaya. Work focus is defined as the employees’ ability to concentrate and maintain attention when completing tasks, while productivity reflects their effectiveness in producing outputs in accordance with established performance targets. The research employs a quantitative approach with an associative design, using data collected through questionnaires distributed to 100 respondents selected by simple random sampling. The collected data were processed and analyzed through a series of statistical procedures, including validity and reliability testing, classical assumption tests, and multiple linear regression analysis. The results show that work focus does not have a significant effect on employee performance, as indicated by statistical values that do not support the proposed hypothesis. In contrast, productivity demonstrates a positive and significant influence on employee performance, suggesting that higher productivity levels directly contribute to improved performance outcomes. Furthermore, simultaneous testing confirms that work focus and productivity together influence employee performance, although productivity serves as the stronger determinant. These findings suggest that efforts to enhance employee performance at PT Nipro Indonesia Jaya should primarily be directed toward strategies that increase productivity, while also considering other potential factors beyond work focus, such as motivation, teamwork, and leadership.
Assessment of Regional Bureaucratic Capacity for Inclusive Economic Development Policy Implementation
This study evaluates the capacity of regional bureaucracy in implementing inclusive economic development policies in Indonesia. Using an evaluative-qualitative approach, the research explores four fundamental dimensions of bureaucratic capacity: institutional, human resources, operational-procedural, and relational-coordinative. Case studies were conducted across three regions representing different socio-economic and administrative typologies, allowing for comparative insights into the strengths and weaknesses of bureaucratic performance. The findings reveal significant disparities between the required bureaucratic capacity for inclusive policy implementation and the actual conditions encountered in practice. Among the four dimensions, relational-coordinative capacity emerges as the most decisive factor influencing the effectiveness of inclusive economic development initiatives. This dimension is closely tied to the ability of bureaucratic actors to engage in adaptive leadership, foster inter-organizational collaboration, and build trust with stakeholders. Furthermore, the study highlights how institutional rigidity, limited human resource competencies, and procedural constraints often hinder the realization of inclusive objectives. To address these challenges, the research recommends institutional reforms that prioritize the enhancement of collaborative capacity, encourage decentralized and context-sensitive decision-making, and promote inclusive economic literacy within bureaucratic structures. By strengthening these aspects, regional bureaucracies will be better equipped to design and implement policies that foster equitable growth and social inclusion. Overall, the study contributes to the literature on bureaucratic capacity by elucidating the interconnections among different capacity dimensions and by demonstrating their collective significance in advancing inclusive economic development. These insights provide both theoretical implications for understanding bureaucratic governance and practical guidance for policymakers seeking to strengthen institutional readiness in diverse regional contexts
The Effect of Liquidity, Leverage, and Profitability on Company Value with Intellectual Capital Moderation at BEI Banks
This study aims to analyze the effect of liquidity, leverage, and profitability on company value with intellectual capital as a moderating variable in banking companies listed on the Indonesia Stock Exchange for the period 2020–2024. In this study, the author conducted a study on the Intellectual Capital Model as a Moderating Variable Reviewed from Liquidity, Leverage, and Profitability Its Influence on Company Value in Public Banking Sector Companies Listed on the Indonesia Stock Exchange in 2020–2024. The object of this study is banking listed on the Indonesia Stock Exchange in 2020–2024. Researchers conducted this research on the Indonesia Stock Exchange (IDX) or Indonesian Stock Exchange (IDX) site www.idx.co.id, https://finance.yahoo.com and as a complement to researchers in seeking information through the internet, print media, and other media. The population in this study was 44 Companies. Population refers to the entire data that has a wide scope and large number in a study. Based on the previous definition, the population in this study is the Public Banking Sector Companies Listed on the IDX in 2020-2024. This sample selection method uses a purposive sampling method, namely sample selection based on certain criteria and systematics. The results of the study indicate that the results of the discussion of data analysis through proof of the hypothesis of the issues that can be raised regarding company value (Liquidity, Leverage, and Profitability) are moderated by intellectual capital in Banking Sector Companies Listed on the Indonesia Stock Exchange in 2020-2024, namely Liquidity has a significant effect on company value in Banking Sector Companies Listed on the Indonesia Stock Exchange in 2020-2024. While Leverage does not have a significant effect on company value in Banking Sector Companies Listed on the Indonesia Stock Exchange in 2020-2024.
Digitalization of Learning, Competence, Technology Support, and Work Discipline on Teacher Performance in Padang Pariaman Vocational Schools
This study aims to analyze the influence of digitalization of learning, professional competence, and technological support on teacher work discipline and performance, with work discipline as an intervening variable. This study employed a descriptive and causal research design. The population was 252 state vocational high school employees in Padang Pariaman Regency. Therefore, this study obtained a sample of 100 state vocational high school employees in Padang Pariaman Regency.The results showed that digitalization of learning, professional competence, and technological support had a positive and significant effect on work discipline. Meanwhile, digitalization of learning was shown to have a positive but insignificant effect on teacher performance. Conversely, professional competence and technological support were shown to have a positive and significant effect on teacher performance. Work discipline also had a positive and significant effect on teacher performance. Furthermore, this study demonstrated that work discipline significantly mediated the relationship between digitalization of learning, professional competence, and technological support on teacher performance. Professional competence had a positive and significant effect on teacher performance. Technological support also had a positive and significant effect on teacher performance. Work discipline had a positive and significant effect on teacher performance. These findings indicate that improving teacher performance is not only determined by competence and technological support, but also requires consistent work discipline. Digitalization of learning will have an optimal impact on teacher performance if supported by strong work discipline. This research provides theoretical contributions to the development of educational management literature, as well as practical implications for educational institutions to strengthen digitalization, improve teacher competence, provide adequate technological support, and foster work discipline as strategies to improve teacher performance in the digital era.
The Effect of Audit Fee, Audit Tenure, Client Firm Size, and Financial Distress on Auditor Switching in Property and Real Estate Companies
This study examines the influence of audit fee, audit tenure, client firm size, and financial distress on auditor switching among property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. The research is motivated by the importance of understanding the factors that drive companies to change auditors, which may reflect managerial decision-making related to audit quality and financial credibility. A quantitative descriptive method was employed using secondary data obtained from audited annual financial reports. The sample was determined through purposive sampling, while data analysis was conducted using SPSS version 25. The findings reveal that audit fee, audit tenure, and client firm size do not have a significant effect on auditor switching. In contrast, financial distress shows a significant positive effect, indicating that companies facing financial difficulties are more likely to switch auditors as an effort to enhance the credibility of their financial statements. These results suggest that financial pressure plays a more decisive role than auditor-related attributes in influencing auditor replacement within the property and real estate sector. Overall, the study contributes to the literature on auditing and corporate governance by providing empirical evidence from emerging markets, and it offers practical insights for stakeholders regarding the dynamics of auditor–client relationships in the context of financial distress.
Effect of Leadership Style, Facilities, Infrastructure, and Compensation on ASN Work Motivation through Work Environment in West Sumatra
This study aims to analyze the influence of leadership style, facilities and infrastructure, and compensation on the work environment and work motivation, with the work environment as a mediating variable. The research was conducted on 97 civil servants (ASN) of the General Bureau of West Sumatra Province using the Structural Equation Modeling-Partial Least Square (SEM-PLS) method. The object of this study was the civil servants of the General Affairs Bureau of West Sumatra Province, Indonesia. The research design encompasses all the processes required in planning and implementing the research. This study employed a descriptive and causal research design. The sample was drawn using a saturated sampling design, which included the entire population, resulting in a total of 98 individuals.The results reveal that leadership style and facilities and infrastructure have a significant effect on the work environment, while compensation does not significantly affect the work environment. Furthermore, leadership style, facilities and infrastructure, and compensation significantly affect work motivation, and the work environment also has a significant effect on work motivation. In addition, the work environment mediates the influence of leadership style and facilities and infrastructure on work motivation, but does not mediate the effect of compensation on work motivation.These findings emphasize that employee work motivation can be strengthened through effective leadership, adequate facilities and infrastructure, and a conducive work environment. Therefore, organizations need to prioritize leadership development and workplace facility improvements to sustainably enhance the motivation of civil servants. Facilities and Infrastructure significantly influence Work Motivation through the Work Environment as an intervening variable for Civil Servant Employees of the General Bureau of West Sumatra Province. Compensation does not significantly influence Work Motivation through the Work Environment as an intervening variable for Civil Servant Employees of the General Bureau of West Sumatra Province.
Influence of Leadership Style, Competence, and Motivation on Employee Performance through Job Satisfaction at AUR Beduri Health Center Jambi
This study aims to analyze the influence of leadership style, competence, and motivation on employee performance with job satisfaction as an intervening variable at the Aur Beduri Community Health Center, Nalo Tantan District, Merangin Regency, Jambi. The study uses a quantitative approach with Partial Least Square (PLS) analysis through the SmartPLS application. The object of this study is the employees of the Aur Beduri Community Health Center, Nalo Tantan District, Marangin Regency, Jambi, Indonesia. This study uses a descriptive and causal research design. The population in this study is 64 employees of the Aur Beduri Community Health Center. In this study, the sample was taken with a saturated sample design, namely the entire population being sampled, so the sample in this study was 64 people. Based on the literature review and hypothesis formulation, the variables in this study are independent, dependent, and intervening variables. Independent variables include Leadership Style, Competence, Motivation. The intervening variable in this study is Job Satisfaction. The dependent variable is also called the bound variable, namely the value of which is influenced by the independent variable, which is the dependent variable in this study is Job Satisfaction (Y). The results of the study showed that leadership style, competence, and motivation had a positive and significant effect on job satisfaction. Furthermore, job satisfaction had a positive and significant effect on employee performance. Competence and motivation were shown to have a positive and significant effect on employee performance, while leadership style did not have a significant direct effect on performance. However, job satisfaction was shown to mediate the influence of leadership style, competence, and motivation on employee performance. This finding indicates that improving leadership quality, competence, and motivation can increase job satisfaction, which in turn contributes to improved employee performance. This study provides practical implications for Community Health Center management to strengthen participatory leadership styles, improve employee competence through training, and develop appropriate motivation systems to improve the performance of health workers.
Employee Performance: Compensation, Motivation and Work Environment with Job Satisfaction as an Intervening Variable at Tiumang District Community Health Center
The Tiumang Community Health Center is a public health facility located in Dharmasraya Regency, West Sumatra. This health center provides various health services to the community, including general medical services and maternal and child health services. With a staff of 71 people, the Tiumang Health Center plays a crucial role in improving the health status of the community in the region.The research method used is a quantitative approach with an associative design. The research sample consists of 71 employees taken through a saturated sampling technique. Data were collected using a questionnaire consisting of questions regarding the variables being studied. Data analysis was performed using Partial Least Squares (PLS) with SmartPLS.The results of the study indicate that compensation has a significant positive effect on job satisfaction, where the T-statistic value reaches 6.436 (p < 0.05). Work motivation also has a significant positive effect on job satisfaction with a T- statistic of 5.848 (p < 0.05). However, the work environment does not have a significant effect on job satisfaction (T-statistic 1.530, p > 0.05).On the other hand, compensation and work motivation significantly positively affect employee performance, with T-statistic values of 2.988 and 2.579, respectively (p < 0.05). The work environment shows a positive but not significant effect on employee performance (T-statistic 1.802, p > 0.05). Job satisfaction is proven to mediate the effect of motivation on employee performance, but it does not mediate the effect of compensation and the work environment.This research provides important contributions to human resource management at the Tiumang Community Health Center, with recommendations to improve compensation and work motivation to enhance employee satisfaction and performance.
The Influence of Self-Efficacy, Work Relations, and Career Development on Job Satisfaction with Organizational Climate as an Intervening Variable
This study aims to analyze the influence of self-efficacy, work relationships, and career development on organizational climate and job satisfaction in the Civil Service Police Unit and Fire Department of Pesisir Selatan Regency. The objects of this study are employees of the Civil Service Police Unit and Fire Department of Pesisir Selatan Regency, West Sumatra, Indonesia. The population in this study is 109 employees of the Civil Service Police Unit and Fire Department of Pesisir Selatan Regency. In this study, the sample was taken with a non-probability sampling design. The sample in this study was obtained by using saturated sampling, namely making the entire population into a sample of 109 people. Respondents in this study numbered 100 people. Data analysis used Structural Equation Modeling with the Partial Least Squares (SEM-PLS) approach. The results of the study indicate that self-efficacy, work relationships, and career development have a significant influence on organizational climate. Furthermore, self-efficacy, work relationships, and career development also have a significant influence on job satisfaction. However, organizational climate has a positive but insignificant influence on job satisfaction. A mediation test indicates that organizational climate does not mediate the relationship between self-efficacy, work relationships, and career development on job satisfaction. Meanwhile, work relationships have a significant influence on job satisfaction at the Civil Service Police Unit and the Pesisir Selatan Regency Fire Department. Career development has a significant influence on job satisfaction at the Civil Service Police Unit and the Pesisir Selatan Regency Fire Department.These findings confirm that self-efficacy, the quality of work relationships, and career development play a significant role in improving organizational climate and job satisfaction. However, organizational climate has not been able to act as a mediating variable in the relationship between individual factors and job satisfaction in this institutional context.
Smart-Rural Entrepreneurship: Integration of IoT and Entrepreneurship Management to Strengthen the Village Economy
This study explores the development and implementation of the Smart-Rural Entrepreneurship model as a strategic initiative to strengthen rural economic systems through the integration of digital technologies. Rural micro, small, and medium enterprises (MSMEs) often face challenges such as limited access to markets, decision-making tools, and institutional support, which hinder their competitiveness in the digital economy. The objective of this research is to design and evaluate a context-specific model that integrates Internet of Things (IoT) technology, Business Intelligence (BI), and the Simple Additive Weighting (SAW) decision-making method to enhance entrepreneurship in rural areas. The research followed four stages: identifying local potentials and needs, designing a smart entrepreneurship system, implementing and testing the system in a partner village, and evaluating and refining the system. The findings show that more than 82% of MSME actors adopted the digital promotion website after training, 76% utilized the SAW system to prioritize business strategies, and 68% benefited from the BI dashboard for real-time monitoring of sales and inventory. The integration of IoT and BI improved decision-making and reduced reliance on intuition, while the SAW method supported objective prioritization. The overall digital adoption increased from 40% to 82%, showing the effectiveness of the model in empowering rural MSMEs and promoting inclusive digital transformation.
Building Digital Resilience: Exploring the Narratives of Micro-Entrepreneurs in Technology-Based Financial Transformation in Semarang City
This study focuses on designing a technology-based financial restructuring model to address the challenges faced by micro-enterprises in Semarang, particularly in financial management. Micro-enterprises play a vital role in the local economy but often struggle with liquidity issues, delayed payments, and weak receivable management, which increase their vulnerability to financial distress and potential bankruptcy. The research used a qualitative case study approach, combining in-depth interviews with 20 micro-entrepreneurs, five financial experts, participatory observations in 10 businesses, and three Focus Group Discussions (FGDs) involving entrepreneurs, fintech providers, and banking representatives. The data were analyzed using thematic coding, SWOT, and gap analysis to identify financial distress patterns and develop a restructuring prototype through design thinking. The results showed that 80% of MSMEs in Semarang face medium to high financial distress risk, with only 40% using digital tools for financial recording. The findings reveal a significant gap, as 60% of MSMEs still rely on manual methods. The study suggests that integrating basic financial applications and providing digital literacy training can enhance efficiency, decision-making, and resilience. The proposed financial restructuring model addresses both digital solutions and literacy barriers, ensuring practical adoption by micro-entrepreneurs.