Danadyaksa: Post Modern Economy Journal is a peer-reviewed journal published four times a year (March, June, September, and December) by Yayasan Pendidikan Islam Bustanul Ulum Mojokerto. The Journal is intended to be the journal for publishing articles reporting the results of economic research. Danadyaksa invites manuscripts on various topics to include, including but not limited to functional areas of Entrepreneurship, Strategic Alliances, Microeconomics, Behavioral and Health Economics, Government Regulation, Taxation, Macroeconomics, Financial Markets, Investment, Banking, International Economics, Foreign Direct Investment, Economic Development, Accounting, Management, and Sharia Economy.
Yayasan Pendidikan Islam Bustanul Ulum Mojokerto
The Role of Universitas Terbuka in Increasing the Gross Enrolment Ratio (GER) of Higher Education in Indonesia: A Comparative Study of Open Universities in Malaysia, Singapore, and Thailand
This study examines the role of Universitas Terbuka (UT) in increasing the Gross Enrolment Ratio (GER) of higher education in Indonesia, identifies supporting and inhibiting factors, and compares the strategies of open universities in Malaysia, Singapore, and Thailand to formulate recommendations for UT Indonesia. The research uses a descriptive qualitative approach, with primary data collected through observations and in-depth interviews with UT administrators, lecturers, and stakeholders, complemented by comparative analysis of international practices. Data were analysed using qualitative techniques, including data reduction, data display, and conclusion drawing. The results indicate that UT has contributed significantly to the national GER, with an average contribution of 16.12% and an increase to 19.19% in 2024. This contribution is supported by UT’s status as a public university, strong accreditation, government policy support, and flexible learning systems that expand access for remote communities and working adults. Comparative findings show that open universities in the selected countries emphasize inclusive education, digital learning, policy integration, and international collaboration. Based on these findings, UT Indonesia needs to strengthen digital transformation, expand blended learning, and enhance internationalization to improve competitiveness and support national human resource development.
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The Trinity of Village Transform How Capacity, Participation, and Institutions Shape Development Policy Implementation in Indonesia
Indonesia's ambitious village governance reform, anchored by Law No. 6 of 2014 and disbursing over IDR 609 trillion in village funds, aims to transform rural communities into self-reliant entities. Yet, significant variation in implementation outcomes persists, even within the same regency. This study investigates how institutional capacity, participatory processes, and collaborative dynamics interact to shape the success of village development policy implementation. Employing a qualitative multi-site case study design, the research examines four villages in Sumedang Regency, West Java, purposively selected to represent the spectrum of development statuses: self-reliant (swasembada), developing (swakarya), and underdeveloped (swadaya). Data were collected through in-depth interviews with 13 informants, participatory observation, and document analysis. The findings reveal that implementation success is not determined by any single factor but by the synergistic interaction of three dimensions, forming a "trinity of village transformation." Villages achieving self-reliant status demonstrate high institutional capacity, quality participatory processes, and robust collaborative dynamics. Trust emerges as a pivotal mediating mechanism, distinguishing virtuous cycles of transformation from vicious cycles of stagnation. Facilitative leadership can compensate for formal capacity limitations. The study concludes by proposing a "Collaborative Implementation Model" that integrates Grindle's (1980) policy implementation framework with Ansell and Gash's (2008) collaborative governance theory, offering both theoretical contributions and practical recommendations for strengthening village development policy.
Conceptual Model of a Digital Sales System for Rural MSMEs Based on System Requirements Analysis
Rural Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in strengthening local economies; however, many still face limitations in market access, digital literacy, and the use of integrated sales systems. In Desa Tombatu, Minahasa Tenggara Regency, MSMEs have begun utilizing digital platforms and marketplaces, yet their use remains fragmented and unsupported by structured sales information systems. This study aims to analyze system requirements and develop a conceptual model of a digital sales system tailored to the characteristics of rural MSMEs. The research adopts a descriptive qualitative approach using system requirements analysis, supported by literature review and field observations. The findings identify two main categories of system requirements: functional and non-functional. Functional requirements include product and price management, automated sales transaction recording, inventory management, customer data management, digital payment integration, delivery management, and simple sales reporting. Non-functional requirements emphasize ease of use, simple interface design, data security, mobile accessibility, and system reliability under limited internet connectivity. Based on these requirements, a conceptual digital sales system model is proposed, incorporating the principles of the Technology Acceptance Model (TAM), particularly perceived usefulness and perceived ease of use. The proposed model serves as a foundational framework for developing a user-oriented and sustainable digital sales system, with the potential to enhance efficiency, competitiveness, and economic resilience of rural MSMEs.
Capital Structure and Risk Management in Enhancing Financial Performance: The Moderating Role of CSR in Indonesian Banking Sector
The banking sector constitutes a foundational pillar in maintaining economic stability, yet its financial performance continues to face persistent challenges arising from internal capital management and exposure to credit risk. This study seeks to evaluate the extent to which financial soundness, reflected through capital strength and loan quality, influences profitability, and whether socially oriented initiatives condition these relationships. Employing a quantitative approach, the analysis draws upon firm-level data from Indonesian commercial banks over a four-year period, utilizing regression-based techniques to examine both direct effects and interactive influences. The results indicate that capital strength does not exert a statistically significant impact on profitability, and socially oriented programs do not moderate this relationship. Conversely, such programs are found to intensify the adverse effect of poor loan quality on financial performance, suggesting that, in the absence of strategic alignment, social initiatives may exacerbate financial pressures. This study contributes a novel perspective by reconceptualizing socially driven programs as conditional financial variables rather than solely reputational tools. The findings imply that policy and managerial decisions must integrate social objectives with prudent risk oversight to enhance sustainable banking performance.
The Influence of Tiktok Influencers and Social Media on Impulsive Buying on Skintific
This study aims to analyze the influence of TikTok Influencers and social media on consumers' impulsive buying behavior regarding Skintific products. TikTok has evolved into an e-commerce platform through the TikTok Shop feature, leveraging influencer-based marketing strategies. Influencers with high credibility can influence consumers' purchasing decisions through engaging content and persuasive promotions. Additionally, the increasing use of social media plays a role in shaping impulsive shopping behavior, particularly among young generations. This research employs a quantitative method with purposive sampling techniques on 300 respondents who have purchased Skintific products after seeing promotions on TikTok. The regression analysis results show that TikTok Influencers and social media significantly affect impulsive buying, although their contribution is only 13.1%. This indicates that other more dominant factors influence consumers' impulsive buying behavior.
The Effect of Influencer Marketing, Social Media Engagement, and Product Knowledge on Brand Awareness in Tiktok Shop
This study aims to determine the effect of influencer marketing, social media engagement, and product knowledge on brand awareness in TikTok Shop. This study uses primary data with a data collection method through distributing questionnaires that have been tested for validity and reliability. The sample consists of 96 respondents, selected with purposive sampling. This study employs a quantitative descriptive method. The data analysis conducted in this study was a classical assumption test, multiple linear regression analysis and hypothesis testing with the Statistical Program for Social Science (SPSS) tool. The results of the data analysis showed that influencer marketing, social media engagement, and product knowledge together had an effect on brand awareness. Partially, influencer marketing and product knowledge have a significant positive effect on brand awareness, which means that the more effective the influencer marketing provided by business actors, the higher the product knowledge received by consumers, so that it can increase brand awareness. However, social media engagement has no effect on brand awareness. And the coefficient of determination or r-square with a value of 0.473 means that the variables influencer marketing, social media engagement, and product knowledge have an effect on the brand awareness variable on Tiktok Shop by 47.3% while the remaining 52.7% is influenced by other factors not observed in this study.
Multi-Level Post-Training Evaluation Framework for Management Development Programs at PT Garuda Maintenance Facility Aero Asia Tbk
Leadership development programs in safety-critical industries require robust evaluation mechanisms to demonstrate organizational value, yet most organizations confine assessment to Level 1 satisfaction surveys. This study investigates post-training evaluation practices for management development programs at PT Garuda Maintenance Facility (GMF) Aero Asia Tbk, Indonesia's premier aviation Maintenance, Repair, and Overhaul (MRO) provider, and develops a comprehensive evaluation framework grounded in the Kirkpatrick-Phillips model. Employing a qualitative descriptive-analytical approach within a design and development research paradigm, the study analyzed 638 module-level evaluation responses and 584 qualitative participant comments across three programs: the Operational Leadership Program (OLP), MRO Management, and MRO Finance. Thematic analysis, content analysis of training syllabi, and descriptive quantitative analysis were integrated through methodological triangulation. Findings reveal that GMF's evaluation is uniformly confined to Level 1 reaction measurement, producing consistently high satisfaction scores while Levels 2 through 5 remain entirely absent, a pattern termed the evaluation ceiling paradox. The study proposes an integrated ADDIE-Kirkpatrick-Phillips framework encompassing enhanced reaction surveys, pre-test and post-test instruments, 360-degree behavioral assessments, results tracking templates, and ROI calculation guidelines, differentiated by program type and contextualized for the MRO industry and Indonesian BUMN governance setting. The framework is designed for phased 24-month implementation leveraging existing technology infrastructure.
Analysis of the Application of Good Agricultural Practices (GAP) and the Factors Influencing It Among Independent Oil Palm Smallholders in Aceh Tamiang Regency
The implementation of Good Agricultural Practices (GAP) is a crucial component in meeting the sustainability standards for Indonesian Sustainable Palm Oil (ISPO) certification, which is mandatory for all oil palm industry players, including independent smallholders. As one of the regions with the largest oil palm plantations in Aceh, Aceh Tamiang Regency still faces challenges in GAP implementation due to low technical knowledge, weak institutional support, and limited access to information. This study aims to analyze the factors influencing farmers' perceptions of GAP, as well as identify the obstacles and the actual conditions of its implementation at the smallholder level. The research employed a quantitative method with a survey approach, involving 144 farmers from 18 farmer groups selected through Multistage Quota Sampling. Primary data were collected using a Likert-scale questionnaire and interviews, while secondary data were obtained from relevant institutional documents and scientific literature. The results indicate that farmer characteristics (β = 0.358), institutional support (β = 0.373), and access to information (β = 0.375) have a significant influence on farmers' perceptions of GAP. The main obstacles to GAP implementation include limited technical capacity, insufficient mentoring, and uneven access to information.
The Influences of Transformational Leadership Style and Work Environment on Organizational Citizenship Behavior with Employee Engagement as a Mediating Variable among Non-ASN Employees at the Rectorate of University of Mataram
This study aims to analyze the influence of transformational leadership style and work environment on Organizational Citizenship Behavior (OCB), with employee engagement as a mediating variable, among Non-Civil Servant Employees (Non-ASN) at the Rectorate of University of Mataram. A quantitative research approach was employed using a survey method involving 100 respondents, and the data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that the transformational leadership style did not have a significant direct influence on OCB. Conversely, the work environment had a positive and significant influence on OCB. Furthermore, both transformational leadership style and work environment were found to have a positive and significant influence on employee engagement. In addition, employee engagement had a positive and significant influence on OCB. The findings also reveal that employee engagement significantly mediated the relationship between transformational leadership style and work environment on OCB. These results suggest that employee engagement plays a crucial role in linking leadership practices and workplace conditions with organizational citizenship behavior. Overall, this study highlights that improving OCB among Non-ASN employees at the Rectorate of University of Mataram is not solely determined by leadership style and work environment directly, but also through the strategic role of employee engagement. The findings are expected to provide theoretical contributions and practical implications for human resource management in the higher education sector of University of Mataram.
The Effect of Work Discipline and Workload on Employee Performance Moderated by Civil Apparatus Performance Allowances at the West Nusa Tenggara Natural Resource Conservation Center
This study aims to analyze the influence of work discipline and workload on employee performance, as well as to examine the role of performance allowances as a moderating variable at the West Nusa Tenggara Natural Resources Conservation Center (BKSDA NTB). The study used a quantitative approach with a causal design. The research sample consisted of 78 employees determined by saturated sampling technique. Data were collected through questionnaires and analyzed using the Partial Least Square Structural Equation Modeling (PLS-SEM) method. The results showed that work discipline had a positive and significant effect on employee performance, indicating that compliance with rules, regular attendance, and work responsibilities consistently improve employee performance. Conversely, workload had a negative and significant effect on performance, indicating that excessive task demands can reduce employee effectiveness and performance. Further findings revealed that performance allowances moderated the effect of work discipline on performance, thus increasing allowances strengthened the positive impact of discipline. Furthermore, performance allowances moderated the effect of workload on performance, indicating that adequate and fair allowances can mitigate the negative effects of high workloads. Theoretically, this study enriches the literature on factors influencing employee performance, particularly the role of performance allowances as a moderating variable. Practically, the research findings can serve as a basis for the NTB BKSDA in formulating policies to improve discipline, manage workload, and implement more effective and equitable performance allowance mechanisms.
Unlocking Firm Profitability Through Governance Architecture: Financial Perspectives
This investigation explores the extent to which corporate governance structures shape the earnings performance of consumer goods firms listed on the Indonesia Stock Exchange (IDX) over the 2017–2024 period. The core constructs examined include advertising intensity, market share, the board effectiveness score (BES), financial leverage (DER), and the quality of external auditing as captured by Big 4 affiliation. Drawing on a balanced panel of nine IDX consumer goods companies, this study employs Seemingly Unrelated Regression (SUR), a choice justified by the cross-equation residual correlation of r = −0.506 detected across two structural models. Coefficient stability was verified through three supplementary procedures: robust regression using the Huber M-estimator, a 1,000-iteration bootstrap of OLS coefficients, and quantile regression anchored at the median. Every one of the seven hypotheses reached statistical significance at the 95–99% confidence level. Within the first equation where BES is the outcome variable, advertising intensity (β = 6.609; p < 0.001), market share (β = 3.976; p < 0.001), ROE (β = 17.267; p < 0.001), and leverage DER (β = 7.044; p < 0.001) all produced positive and significant effects (R² = 91.9%). In the second equation, BES (β = 0.035; p < 0.001) and Big 4 audit quality (β = 0.478; p < 0.05) each elevated ROE, whereas market share exerted a significant negative drag (β = −0.170; p < 0.001), yielding R² = 81.5%. Governance quality and profitability are meaningfully intertwined, lending empirical support to agency theory, signaling theory, and resource dependence theory within emerging market settings.
Hifz al-‘Aql and the Brain Rot Phenomenon in Digital Content Consumption
Brain rot caused by excessive digital content consumption from the perspective of hifz al-‘aql (preservation of intellect) within the framework of Maqasid al-Shariah. The rapid expansion of short-form digital media such as TikTok, Instagram Reels, and YouTube Shorts has significantly transformed human cognitive behavior, attention patterns, emotional regulation, and consumption habits. While digital media provide educational, informational, and economic opportunities, excessive exposure to algorithm-driven entertainment content contributes to cognitive fatigue, declining concentration, emotional instability, shortened attention spans, procrastination, and digital addiction. This research employs a qualitative library research approach grounded in Islamic epistemology and Islamic behavioral economics by analyzing Qur’anic verses, Hadith, classical Islamic scholarship, and contemporary studies on digital addiction and attention economy. The findings indicate that brain rot contradicts the objective of hifz al-‘aql because it weakens critical thinking, self-control, intellectual productivity, and reflective consciousness while promoting impulsive, passive, and hedonic behavior. Furthermore, the research reveals that algorithmic digital culture commodifies human attention and encourages excessive entertainment consumption at the expense of intellectual and spiritual development. Islamic behavioral economics offers an ethical framework emphasizing moderation (wasatiyyah), self-discipline (mujahadah al-nafs), ethical consumption, time accountability, and spiritually guided digital engagement to preserve intellectual well-being in the digital era. The research also proposes a maqasid-based digital consumption framework integrating cognitive protection, ethical media use, and spiritual awareness as preventive strategies against digital addiction and cognitive degradation. This research contributes theoretically to the development of Islamic behavioral economics and Islamic digital ethics while practically offering guidance for ethical digital literacy and healthy technology consumption among Muslim societies.
Simultaneous Relationship Analysis Between Carbon Dioxide Emissions and GDP Per Capita in Asia: The Dynamics of Urbanization, Energy Consumption, Foreign Direct Investment, and Trade Openness
This study aims to analyze the simultaneous relationship between carbon dioxide (CO₂) emissions and GDP per capita in 10 Asian countries, considering the dynamics of urbanization, energy consumption, foreign direct investment (FDI), and trade openness. The research employs an explanatory quantitative approach using panel data covering the period 2000–2024, obtained from the World Bank (WDI). The analysis applies a simultaneous equation model estimated using the Two Stage Least Squares (2SLS) method to address endogeneity issues. The results indicate that CO₂ emissions are significantly influenced by GDP per capita, urbanization, energy consumption, FDI, and lagged emissions, highlighting the presence of persistence effects. Meanwhile, GDP per capita is significantly affected by CO₂ emissions, FDI, and its lagged value. These findings suggest that economic growth in Asia remains highly dependent on energy-intensive and investment-driven activities, characterized by strong path dependence. Overall, the relationship between economic growth and environmental degradation is found to be mutually interdependent within a simultaneous system.
Toward Gender-Based Inclusive Development: Determinants of Female Labor Force Participation in Indonesia
This study aims to analyze the effects of early marriage among women, female fertility rates, women’s health, women’s education, and women’s representation in parliament on the female labor force participation rate in Indonesia. A quantitative approach is employed using panel data covering 34 provinces over the 2018–2024 period. The analysis is conducted using a Fixed Effects (FE) model, selected based on the results of the Chow test and the Hausman test. The findings indicate that the female fertility rate has a negative effect on the female labor force participation rate, while women’s health has a positive effect. Early marriage among women, women’s education level, and women’s representation in parliament do not show statistically significant effects. These results suggest that biological and health-related factors play a more substantial role than social and political factors in influencing women’s economic participation. The implications of this study underscore the importance of public policies focused on improving access to reproductive health services and enhancing the overall quality of women’s health in order to promote sustained and inclusive increases in female labor force participation.
Fiscal Decentralization and Economic Growth: The Mediating Role of Gross Fixed Capital Formation in Java 2014–2024
This study examines the effect of fiscal decentralization, proxied by Regional Own-Source Revenue, Capital Expenditure, and Intergovernmental Transfers, on economic growth, and evaluates the mediating role of Gross Fixed Capital Formation in this relationship across six provinces on Java Island during the period 2014–2024. The study applies a quantitative approach using annual panel data obtained from Regional Government Financial Reports and the Central Statistics Agency. The analysis employs path analysis and the Sobel test under the Common Effect Model. The results show that Regional Own-Source Revenue and Capital Expenditure exert a positive and significant effect on both economic growth and Gross Fixed Capital Formation, whereas Intergovernmental Transfers exhibit a positive but insignificant effect on both variables. Gross Fixed Capital Formation significantly mediates the effect of Regional Own-Source Revenue and Capital Expenditure on economic growth, but does not mediate the effect of Intergovernmental Transfers. These results indicate that the transmission of fiscal decentralization to economic growth through capital accumulation operates effectively only through fiscally independent and productive components.
The Effect of Capital Adequacy Ratio, Loan to Deposit Ratio, Exchange Rate, and Gross Domestic Product on Non-Performing Loans with Inflation as a Moderating Variable in National Private Banks in Indonesia
This study aims to analyze the effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), exchange rate, and Gross Domestic Product (GDP) on Non-Performing Loans (NPL) with inflation as a moderating variable in national private banks in Indonesia. This study uses a quantitative approach with panel data for the 2019–2023 period. The research sample consisted of 38 national private banks selected using purposive sampling technique. The analytical method used is panel data regression with Random Effect Model (REM) and Moderated Regression Analysis (MRA). The results show that CAR and LDR have a positive and significant effect on NPL, the exchange rate has a negative and significant effect on NPL, while GDP has no significant effect on NPL. Inflation is unable to moderate the influence of CAR, LDR, and exchange rate on NPL, but is proven to moderate the relationship between GDP and NPL. This research provides important implications for banking management and policy makers in maintaining the stability of the banking sector.
THE INFLUENCE OF BEAUTY INFLUENCER MARKETING AND POSITIVE ELECTRONIC WORD OF MOUTH (E-WOM) ON KOREAN SKINCARE BRAND PURCHASE DECISIONS MEDIATED BY BRAND TRUST
This study aims to analyze the influence of Beauty Influencer Marketing and Positive Electronic Word of Mouth (E-WOM) on purchasing decisions for Korean skincare brand products, both directly and indirectly through Brand Trust as a mediating variable. The research method uses a quantitative approach by distributing questionnaires to 129 respondents who are users of Korean skincare brands. Data were analyzed using Partial Least Square (PLS). The results show that Beauty Influencer Marketing and Positive E-WOM do not have a direct effect on purchasing decisions, but both have a significant effect on Brand Trust. In addition, Brand Trust is proven to have a positive effect on purchasing decisions, as well as mediating the influence of Beauty Influencer Marketing and Positive E-WOM on purchasing decisions. These findings confirm that the role of brand trust is very important in encouraging consumers to make purchases, especially for imported skincare products that are classified as high involvement.
The Urgency of Halal Certification According to Gen Z as Business Actors and Consumers in Viral Culinary: Case Study in Pamekasan City
The culinary trend that spreads through social media is apparently not a mild phenomenon. He reshaped the way Gen Z consumes food as well as the way they see business opportunities and in it, questions about the halalness of products began to be carried away. This research is also here to answer one thing that has gone unnoticed seriously: how urgent halal certification really is in the eyes of Gen Z, both those who are pioneering the culinary business and those who become consumers every day, in the midst of the viral culinary frenzy of Pamekasan City. This research does not stop at the conceptual level. The choice of empirical legal methods with case studies is not without reason This approach allows researchers to really hear the voice of the perpetrator in the field, rather than just fumbling from afar. In-depth interviews and direct observations were conducted on business actors and Gen Z consumers whose lives have indeed been integrated with the digital culinary ecosystem. And from there, one thing becomes clear: halal certification is seen not as a complement, but as a pillar. It is considered important to protect consumers, build trust, and provide a strong legal basis for culinary businesses in the midst of rapidly changing trends. But the reality on the ground is not always in line with expectations. Awareness exists, but the execution is stuck. The understanding of halal is still shallow in many circles, certification is often considered an administrative matter that can be set aside, and the management process itself still feels burdensome for MSME actors whose resources are limited. What's even more surprising is that Gen Z consumers of the supposedly critical generation often buy without asking. Interesting content on the screen moves their hands faster than information about the halalness of the product. Ultimately, this research carries a broader message than just the matter of labels on the packaging. Halal touches on social aspects, has economic weight, and holds real strategic value for the sustainability of modern culinary businesses. Theoretically, this study enriches the understanding of the halal lifestyle of Gen Z through the lens of the Theory of Planned Behavior, a framework that has been used more often in other contexts. In practical terms, the recommendations are clear and urgent: strengthen halal literacy from the roots, and simplify the certification process so that it is no longer a barrier for growing culinary MSMEs.
The Influence of Transformational Leadership and Organizational Culture on Employee Job Satisfaction and Work Productivity at PT. Asuransi Jiwa Sinarmas MSIG Life Cab. Lombok
This study aims to analyze the influence of transformational leadership and organizational culture on employee productivity, with job satisfaction serving as a mediating variable at PT. Asuransi Jiwa Sinarmas Msig Life Cab. Lombok. The research employed a quantitative approach with an associative causal design using a survey method, in which data were collected through the distribution of questionnaires to all respondents comprising the research population of 56 employees. The research instruments covered the variables of transformational leadership, organizational culture, employee productivity, and job satisfaction, each measured using several indicators that were tested for validity and reliability. Data analysis was conducted using SmartPLS 3.0 to examine both direct and indirect relationships among variables. The results indicate that transformational leadership and organizational culture have a positive and significant effect on employee productivity. Furthermore, transformational leadership and organizational culture also exert a positive and significant influence on job satisfaction. Job satisfaction, in turn, has a positive and significant effect on employee productivity. In addition, job satisfaction significantly and positively mediates the relationship between transformational leadership and organizational culture and employee productivity. The coefficient of determination demonstrates that employee productivity is strongly explained by the variables examined in this study.
Analysis of Teachers' Work Discipline at Sunan Ampel Menganti Vocational High School
In education, teacher work discipline is an important element because it directly relates to the quality of learning and the achievement of educational goals. Teachers must demonstrate professional behavior consistent with the school's rules and norms. However, some teachers still arrive late, violate school regulations, and are less responsible in their duties. The purpose of this study is to understand the impact of indiscipline on teacher performance and strategies to improve teacher discipline. This type of research is descriptive qualitative research, data collection uses semi-structured interviews, data analysis uses the Miles & Huberman model, and member checks are used for data validity. The results of this study indicate that teacher indiscipline has negative impacts on themselves, fellow teachers, students, and the school. School efforts by implementing a fingerprint system, regular evaluations, and regulations regarding violation sanctions must be reinforced. There should also be a reward system for disciplined teachers. Research findings suggest that school policies need to integrate discipline monitoring and provide rewards to motivate teachers to be more effective in improving teacher discipline.
Analysis of Financial Management in Micro and Small Enterprises in Gresik Regency
This study discusses the analysis of financial management in micro and small enterprises in Gresik Regency. The purpose of this study is to determine and analyze financial management in Micro and Small Enterprises (MSMEs) in Gresik Regency, identify the obstacles faced, and provide strategic recommendations to improve the effectiveness of financial management. The research method uses a descriptive qualitative method. Data analysis techniques used include data reduction, data presentation, and drawing conclusions to produce systematic interpretations. The results of this study indicate that the financial management of MSMEs in Gresik Regency is still simple and does not comply with good accounting standards. The main obstacles include low financial understanding, a lack of systematic record keeping, and the lack of separation between personal and business finances. Therefore, increasing financial literacy, human resource competency, and the use of financial technology are important strategies in improving the quality of financial management.
Perceived Convenience Towards Subscription Interest in Netflix: A Case Study of Consumers
This study aims to examine the effects of content richness, service features, and perceived ease of use on subscription interest, with perceived convenience acting as a mediating variable among Netflix users. The research was conducted in Bali as an international tourism destination characterized by a high level of streaming service usage. A quantitative approach was employed using a survey method involving 100–150 respondents selected through purposive sampling. Data were collected through an online questionnaire utilizing a Semantic Differential scale (1–10) and analyzed using statistical techniques. The findings reveal that content richness, perceived ease of use, and perceived convenience have positive and significant effects on subscription interest, while service features do not exert a significant direct effect. Furthermore, content richness and service features significantly influence perceived convenience. Mediation analysis indicates that perceived convenience does not mediate the relationship between content richness and subscription interest, but it successfully mediates the effects of service features and perceived ease of use on subscription interest. These findings underscore the importance of user convenience in enhancing subscription interest in digital streaming services.
The Effect of Human Resource Management Strategies on Employee Welfare at Bank Jateng
This study aims to explore the influence of human resource management (HRM) strategies on employee well-being at PT Bank Pembangunan Daerah Jawa Tengah (Bank Jateng). Using a qualitative exploratory-descriptive approach, data were collected through in-depth interviews, observations, and documentation of the company's annual report. The results indicate that Bank Jateng has successfully built a robust well-being ecosystem through an integrative HRM strategy, which positions employees as human capital. The main strategies implemented include internalizing the "Gemilang" (Agile, Agile, Developing) organizational culture, implementing the 70:20:10 competency development model, and digital transformation through the E-Nawala system for administrative efficiency. Field findings revealed a high level of employee satisfaction with the remuneration system and financial well-being facilities, particularly the provision of employee loans with special, very low interest rates (3.76% - 5.50%). In addition, organizational support through open discussion spaces and limiting overtime until 9:00 PM WIB positively contributed to psychological well-being and work-life balance. This study concludes that human-oriented HR strategies have been proven to significantly increase employee loyalty and performance to support the sustainability of regional banking businesses.
The Effect of Risk Management and Company Size on Financial Performance
This study, which generated 32 observations, attempts to look at the effects of business size also risk management on financial performance in state-owned banking institutions listed on the IDX (Indonesia Stock Exchange) between 2017 and 2024. Return on Assets (ROA), a financial performance metric, is the investigation's dependent variable, while the independent variables are risk management, which is represented by Non-Performing Loans (NPL), and firm size, which is determined by the natural logarithm of total assets. Multiple linear regression analysis is the method of data analysis employed. The results of the investigation demonstrate that risk management significantly and negatively affects the financial performance of state-owned banks, with a t-value of 4.611 also a significance level of 0.001, meaning that the lower the NPL, the better the financial performance. Conversely, company size was found to have a positive also significant impact on financial performance with a t-value of 7.073 also a significance level of 0.001, confirming the financial intermediation function's economies of scale claim. Simultaneously, with a F value of 52.776 and a coefficient of determination (Adjusted R Square) of 77.0%, risk management and company size have a favorable also substantial effect on financial performance. This study helps to the growth of financial intermediation theory in the context of Indonesian state-owned banks and provides practical implications for state-owned bank management and investors in making strategic decisions related to risk management and business scale optimization to improve financial performance.
The Effect of Capital Expenditure, Local Revenue, and Employee Expenditure on Local Government Financial Performance
This research investigates the determinants of Financial Performance in District/City Governments in West Java (2021-2024). Using Institutional Theory and a quantitative approach, the study analyzes 99 observations from audited Budget Realization Reports (LRA). The regression model is highly robust 96.7% is the coefficient of determination (R). The results reveal that Locally-Owned Revenue (PAD) has a positive and significant effect and serves as the primary driver of execution. Conversely, Capital Expenditure and Personnel Expenditure exert significant negative pressure, reflecting fiscal rigidities and high maintenance burdens. While PAD is a component of the autonomy ratio, its positive impact reflects genuine managerial capacity in internalizing decentralization pressures. The study recommends prioritizing PAD digitalization and conducting rigorous spending reviews to enhance fiscal efficiency.
Analysis of Tabarru' Fund Governance and Claims Management from the Perspective of The Sustainability of the Performance of Sharia Life Insurance Companies at PT Asuransi Jiwa Syariah Bumiputera
This study aims to analyze the relationship between tabarru’ fund governance and claims management from the perspective of sustainable performance of Islamic life insurance companies at PT Asuransi Jiwa Syariah Bumiputera using a qualitative Systematic Literature Review (SLR) method. The literature was collected through Google Scholar supported by the Publish or Perish application and selected based on inclusion and exclusion criteria within the 2020–2026 period, resulting in 17 relevant articles. The findings indicate that effective tabarru’ fund governance—through fund separation, sharia compliance, transparency, accountability, prudential principles, and ta’awun—plays a strategic role in maintaining financial stability and improving company performance, while efficient claims management aligned with contracts and policy provisions enhances participant trust and satisfaction. The study further confirms a reciprocal relationship between proper tabarru’ fund management and effective claims management in supporting the operational sustainability and reputation of Islamic life insurance companies.
The Influence of Consumer Reviews, Discounts, Payments Through Digital Banking and Peer Influence on Online Shopping Decisions on the Shopee Platform: on FEBI UIN Sumatera Utara Students
This study aims to analyze the influence of Consumer Reviews, Discounts, Payments via Digital Banking, and Peer Influence on Purchasing Decisions of FEBI UIN Sumatera Utara students on the Shopee platform. The study used a quantitative approach with the SEM-PLS method through SmartPLS 4 and data obtained from distributing questionnaires to 100 students of the class of 2022. The results showed that all variables had a positive and significant effect on purchasing decisions, both partially and simultaneously, with an R-Square value of 0.809. Payments via Digital Banking were the most dominant factor, followed by Consumer Reviews, Peer Influence, and Discounts. These findings indicate that students' online shopping decisions are influenced by a combination of informational, economic, technological, and social factors within the e-commerce ecosystem
The Impact of Financial Technology, Self-Control, And Financial Knowledge on the Financial Management Behavior of Management Students at the Faculty of Economics and Business, Universitas Swadaya Gunung Jati Cirebon, in the Digital Era
This study aims to analyse the impact of Financial Technology (Fintech), Self-Control, and Financial Knowledge on Financial Management Behaviour among students in the Faculty of Economics and Business (FEB) Management at Swadaya Gunung Jati University (UGJ) in Cirebon in the digital age. Integrating the Technology Acceptance Model (TAM) and the Theory of Planned Behaviour (TPB), this study explores how access to technology, psychological self-control, and financial literacy shape personal financial management behaviour. The research method employed was an associative quantitative approach with a sample of 387 respondents selected using stratified proportionate random sampling. Data were collected via an online questionnaire and analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM). The results indicate that, individually, Self-Control and Financial Knowledge have a positive and significant influence on Financial Management Behaviour, with financial knowledge being the most dominant factor. Conversely, Financial Technology was found to have no significant partial influence on students’ financial management behaviour. However, simultaneously, these three independent variables had a significant influence on Financial Management Behaviour with a coefficient of determination (R²) of 53.9%, which is categorised as a moderate level of influence. These findings indicate that although access to technology.
Testing the Technology Acceptance Model (TAM) and the Use of Artificial Intelligence in Cryptocurrency Investment Decision-Making by Retail Investors
This study aims to analyze the effect of Perceived Usefulness and Perceived Ease of Use on the use of Artificial Intelligence and its impact on cryptocurrency investment decision-making among retail investors in Indonesia. This research employs a quantitative approach using a survey method by distributing questionnaires to 123 respondents selected through purposive sampling. Data analysis was conducted using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results show that Perceived Usefulness and Perceived Ease of Use have a positive and significant effect on the use of Artificial Intelligence. Furthermore, the use of Artificial Intelligence also has a positive and significant impact on investment decision-making. Both variables also have a direct significant effect on investment decisions, and the use of Artificial Intelligence is proven to mediate the relationship between user perceptions and investment decisions.
The Influence of Brand Ambassador, Brand Image, and Brand Trust on Repurchase Intention (Study on Generation Z Consumers of Skintific Products in Cirebon)
The rapid growth of the skincare industry has intensified competition among brands, compelling companies to adopt effective marketing strategies to drive consumer repurchase intention. Skintific, as one of Indonesia's growing skincare brands, leverages brand ambassadors, builds brand image, and enhances consumer trust to maintain customer loyalty. However, the extent to which these factors influence repurchase intention among Generation Z consumers remains underexplored. This study therefore aims to analyze the influence of brand ambassador, brand image, and brand trust on repurchase intention among Generation Z consumers of Skintific skincare products in Cirebon City. A quantitative approach with explanatory research method was employed. Data were collected through an online questionnaire distributed to 100–150 respondents selected via purposive sampling. Data analysis was conducted using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS software. Results indicate that brand ambassador, brand image, and brand trust each exert a positive and significant influence on repurchase intention, both simultaneously and partially. Among the three variables, brand ambassador demonstrates the most dominant effect. These findings suggest that an effective brand ambassador strategy, supported by a positive brand image and high consumer trust, can significantly increase the repurchase intention of Generation Z consumers toward Skintific skincare products.
Sharia Compliance in the Practice of Buying and Selling Transactions (Al-Bay') in MSMEs: A Qualitative Study in Lamongan Regency
One of the objectives of this study is to find out the extent to which owners and managers of MSMEs in Lamongan Regency apply Sharia law in buying and selling activities (al-bay'). This study uses a qualitative descriptive methodology. Eight micro, small, and medium enterprises (MSMEs) managers from various industry sectors were interviewed through in-depth interviews, observations, and documentation. Data reduction, data presentation, and conclusion drawing are all part of the interactive model used for data analysis. The survey results show that buying and selling activities carried out by small and medium business managers (SMEs) mostly comply with sharia values, including honesty, fairness, transparency, and avoiding gharar and usury. Everything has been established and agreed upon from the beginning, including a pricing system that is based on reasonable costs and profits. However, MSME actors' understanding of the concept of sharia is still practical and not theoretically comprehensive. Factors that affect sharia compliance include the level of understanding, business experience, religiosity, social environment, as well as external factors such as market conditions and consumer behavior. Thus, efforts are needed to increase sharia economic literacy through education and continuous assistance so that the implementation of sharia compliance can be carried out more optimally and consistently in daily business practices.
The Impact of Moral Sensitivity, Transparency, and Community Participation on the Achievement of Village Sustainable Development Goals (SDGs)
An essential aspect of the government's efforts to enhance community well-being across social, economic, and environmental areas is the sustainable development of villages. To fulfill this aim, the government established the Village Sustainable Development Goals (SDGs), promoting a development process that is more inclusive, engaging, and oriented towards the long term. Achieving these goals necessitates assistance from various sources, including active community participation in all stages of development, accountability in village leadership, and the ethical awareness of local officials. However, these targets have not been completely met in practice, especially concerning the Village Sustainable Development Goals (SDGs), as indicated by the existing disparities in village development measures. The main goal of this project is to explore and illustrate how moral awareness, transparency, and community involvement influence the attainment of Village Sustainable Development Goals (SDGs). Utilizing the Partial Least Squares Structural Equation Modeling technique, this quantitative study examines data obtained from community surveys. The findings reveal that the likelihood of achieving Village SDGs significantly increases with community participation, transparency, and ethical awareness. These results suggest that the moral sensitivity of village leaders and the engagement of the community contribute significantly to the successful accomplishment of Village Sustainable Development Goals (SDGs). This research enriches the available literature by broadening understanding, particularly in the fields of public sector accounting and village governance, about the factors that influence the effectiveness of Village SDGs through the integration of ethical governance, administrative procedures, and community participation. Furthermore, this study carries implications for policy, as the findings may be utilized by village administrations in developing policies that enhance governance in villages to maximize the realization of Village SDGs.
Determinants of Innovation Capability in Libraries in Buleleng
The rapid development of information technology has required libraries to enhance their innovation capability in order to remain relevant as agents of change in the digital era; however, empirical evidence in Buleleng Regency indicates that innovation among librarians remains relatively low despite existing organizational practices. Therefore, this study aims to analyze the influence of transformational leadership, knowledge sharing, and perceived organizational support on innovation capability. This research employs a quantitative approach based on the positivist paradigm with an explanatory design. Data were collected through questionnaires distributed to 60 librarians selected using proportional random sampling from a population of 71, and analyzed using multiple linear regression with SPSS, including validity, reliability, and classical assumption tests. The findings reveal that transformational leadership, knowledge sharing, and perceived organizational support each have a positive and significant effect on innovation capability, with knowledge sharing identified as the most dominant variable. Simultaneously, these variables explain 57.9% of the variance in innovation capability. In conclusion, innovation capability is influenced by the synergy of leadership, knowledge sharing, and organizational support, implying that libraries should strengthen these aspects to foster sustainable innovation.
Analysis of Human Resource Development in Enhancing Employee Performance at PT Securindo Packatama Indonesia WTC Sudirman Area
This study was conducted to analyze human resource development in improving employee performance at PT Securindo Packatama Indonesia Area WTC Sudirman. This study used qualitative methods with a descriptive approach. Data collection techniques included in-depth interviews, observation, and documentation, involving one key informant and four other purposively selected key informants. The results indicate that human resource development at PT Securindo Packatama Indonesia Area WTC Sudirman has been implemented quite well through training, coaching, and supervision programs that have improved employee knowledge, skills, and discipline. However, development related to employee career aspirations and personal goals remains suboptimal. Employee performance is generally quite good, particularly in terms of work results and work behaviors that align with standard operating procedures (SOPs). However, several obstacles affect performance consistency, such as workload, shift work systems, and differences in ability between employees. This study concludes that human resource development plays a crucial role in improving employee performance, necessitating a more sustainable and varied HR development plan.
The Role of Communities in Agrarian Conflict Resolution Based on Local Wisdom and Environmental Justice (Case Study of Widarapayung Emerging Land, Cilacap)
This study examines the role of local communities in agrarian conflict resolution in the emerging land area (Tanah Timbul) of Widarapayung, Cilacap, within the framework of local wisdom and environmental justice. Methodologically, the research employs a qualitative case study approach through in depth interviews with community leaders, farmers/fishers, village authorities, and relevant institutions; focus group discussions; participant observation; and document review. Data were analyzed thematically using source triangulation. The findings indicate that the community operates across three interrelated domains: (1) organizational strengthening as a space to build trust and channels of dialogue; (2) normative mediation that draws on the principles of maqaṣid al-syari’ah, ‘urf, and the ethics of hisbah to negotiate access rights, boundaries, and the governance of the emerging land; and (3) ecological practices rooted in local wisdom, such as gotong royong (mutual cooperation), prohibitions against overexploitation, and coastal vegetation rehabilitation, which foster co-management schemes and adaptive land-use arrangements. The integration of these three domains reduces conflict escalation, produces fairer benefit-sharing agreements, and strengthens the protection of coastal ecological functions. This study contributes to the literature on coastal agrarian conflicts by offering a community-based resolution model that is both contextual and replicable, and recommends strengthening collaboration among village institutions, civil society organizations, religious groups, and government actors within the framework of environmental justice.
Timeliness of Reporting Finance: Dupont Analysis of Cyclical Sector Companies in Indonesia
Accuracy​ time publishing report finance is aspect important in guard relevance and quality information finance in the capital market, but delay in reporting Still often occurs, especially in companies in the sector cyclical in Indonesia. Research This aim For analyze difference performance finance between the issuing company report finance appropriate time and what not, using DuPont five- factor analysis approach. Secondary data in the form of report finance annual analyzed use statistics descriptive and Spearman correlation test , equipped with with inspection relevance economics. Research results show that the issuing company report his finances appropriate time own performance more finances​ good, as reflected than the average Return on Equity (ROE) which is higher tall compared to with late company​ in report report his finances. All DuPont Analysis components found own significant relationship​ with ROE, where Operating Profit Margin and Total Asset Turnover are related positive , while Tax Burden, Interest Burden, and Equity Multiplier relate negative. Findings This confirm that accuracy time reporting finance close relation with health and stability performance finance something company .
The Effect of Work–Family Conflict and Family–Work Conflict on Job Satisfaction with Work–Life Balance as a Mediating Variable at PT. Wahyu Wisata Mandalika
This study examines the effects of Work–Family Conflict and Family–Work Conflict on Job Satisfaction, with Work–Life Balance as a mediating variable among employees of PT. Wahyu Wisata Mandalika. Using a quantitative approach, data were collected from 58 employees through simple random sampling and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The measurement model demonstrates satisfactory validity and reliability, while the structural model shows moderate explanatory power (R² = 0.463 for Work–Life Balance and R² = 0.488 for Job Satisfaction) and predictive relevance (Q² = 0.387). The findings reveal that both Work–Family Conflict and Family–Work Conflict negatively and significantly affect Work–Life Balance and Job Satisfaction, whereas Work–Life Balance positively and significantly influences Job Satisfaction. Furthermore, Work–Life Balance is confirmed as a significant mediating variable, indicating that role conflict reduces job satisfaction both directly and indirectly through decreased balance. This study contributes to the literature by extending role conflict and work–life balance frameworks through an integrated mediation model in the tourism sector, demonstrating that Work–Life Balance serves as a critical psychological mechanism linking dual-direction role conflict to job satisfaction in high-intensity service environments.
Analysis Determinants of GRDP in East Java: Aprroach Investment and Employment
This study aims to analyze the influence of investment, employment, human development, unemployment, poverty, and minimum wages on Gross Regional Domestic Product (GRDP) of districts/cities in East Java using a panel data regression approach with the best Fixed Effect Model (FEM) based on the Hausman test. The results show that the Human Development Index (HDI) and district minimum wages (Wage) have a positive and significant effect on GRDP, which means that improving the quality of education, health, and living standards as well as increasing community income can increase productivity and consumption, thereby encouraging regional economic growth. Conversely, the open unemployment rate (Unemp) and the number of poor people (Pov) have a negative and significant effect, which indicates that high unemployment reduces people's income and purchasing power, while poverty suppresses aggregate demand and economic participation, thus hampering growth. Meanwhile, foreign direct investment (FDI) and the labor force participation rate (Lab) do not have a significant effect on GRDP, which indicates that uneven foreign investment and low quality and absorption of labor cause these two variables to be unable to provide a real contribution to economic output. This research contributes to filling the gap in previous research by integrating various economic variables in a comprehensive model based on panel data in 38 districts/cities in East Java, so that it can provide a more comprehensive picture of the determinants of GRDP and become the basis for formulating more targeted regional economic development policies.
Operational Management Analysis to Improve the Efficiency and Quality of Umrah Services at PT. Grand Shafa Nauli
The increasing number of Umrah pilgrims in Indonesia encourages travel organizers to ensure effective and efficient operational management to achieve optimal service quality. The existence of well-organized operational management plays a central role in ensuring smooth administrative affairs, punctuality of departure, and fulfillment of pilgrim comfort throughout the pilgrimage. This study applies a descriptive qualitative approach by collecting data through in-depth interviews. Based on the research results, it is known that operational management at PT. Grand Shafa Nauli is carried out through three main stages: planning, implementation, and supervision. From the perspective of the ideal operational management theory requires a comprehensive integration between resource planning, service delivery, and control mechanisms that run continuously. However, the reality in the field reveals a gap in the discipline of pilgrims in fulfilling payment obligations that has the potential to hinder the smooth operation of the operational chain, especially in the process of paying tickets and accommodation costs. This situation suggests that even though the planning framework has been thoroughly prepared, the implementation stage still faces risks originating from external factors, namely customer behavior patterns that are not fully under the company's control. In terms of service quality, pilgrims assess it based on three main aspects: staff friendliness, comfortable facilities, and punctuality in departure schedules. The presence of tour leaders and muthawifs as travel companions also contributes positively to the pilgrims' sense of security and satisfaction.
The Effect of Price Perception and Product Quality on Customer Satisfaction Level at TikTok Shop in 2025
The growth of e-commerce in Indonesia has made TikTok Shop one of the fastest-growing social commerce platforms, with the advantage of integrating entertainment content and buying and selling transactions in one application. Although various studies have examined the factors that influence customer satisfaction, most still focus on conventional marketplaces such as Shopee and Tokopedia, resulting in a literature gap regarding the dynamics of customer satisfaction on social commerce-based platforms. This study aims to analyze the influence of price perception and product quality on TikTok Shop customer satisfaction in 2025. A quantitative method with a purposive sampling technique was applied to 125 respondents who were active TikTok Shop users and analyzed using SPSS 25 through t-test and F-test. The results showed that price perception (t=5.290) and product quality (t=7.069) each had a positive and significant effect on customer satisfaction, and both simultaneously had a significant effect (F=104.352; sig. 0.000 <0.05). This study also provides an overview of the importance of pricing perception strategies and improving product quality in building customer satisfaction on social commerce platforms. The research findings are expected to serve as a reference for digital business actors in understanding customer behavior on TikTok Shop, which has different characteristics compared to conventional marketplaces.
Beyond the Safe-Haven Narrative: Investment Knowledge, Risk Perception, and Household Gold Investment Decisions in Lamongan, Indonesia
Gold remains one of the most culturally familiar and financially trusted investment instruments among Indonesian households. However, the common explanation that households buy gold solely because it is a safe-haven asset is, from an analytical perspective, still incomplete. This study revises and strengthens the original paper by examining how investment knowledge and risk perceptions influence households’ decisions to invest in gold in Lamongan, East Java. Using a qualitative descriptive design, this study analyzes households’ investment narratives as well as supporting institutional data from Pegadaian Lamongan. Empirical patterns show a significant increase in gold savings activity: gold savings rose from 5,659 grams in 2023 to 16,849 grams as of April 14, 2026, while the number of active customers increased from 2,923 to 5,359 during the same period. These figures indicate that gold has become more than just a traditional store of wealth; it is increasingly being used as a practical financial planning tool. The study’s findings suggest that household decisions are influenced by three interrelated mechanisms. First, investment knowledge enables households to distinguish gold from regular savings, evaluate price fluctuations, understand the bid-ask spread, and choose between physical and digital gold products more carefully. Second, risk perception does not always hinder investment; rather, it filters the type, timing, and channels of gold investment. Third, household decisions are socially embedded through family discussions, intergenerational experiences, and trust in formal institutions. This study contributes to the fields of behavioral finance and Planned Behavior Theory by demonstrating that the perceived value of gold as a safe haven is translated into household actions through perceptions of control, practical knowledge, and socially constructed risk. Policy implications highlight the need for targeted financial education that not only explains the benefits of gold but also addresses liquidity costs, price volatility, storage security, digital platform risks, and portfolio diversification.
The Influence of Productive Zakat Distribtion, Business Development and Business Capital on the Development of Mustahik Micro-Business at BAZNAS Bangkalan Regency
This study aims to analyze the effect of productive zakat distribution, business development, and business capital on the development of micro-businesses of mustahik in BAZNAS Bangkalan Regency. Productive zakat is one of the instruments in empowering the people's economy which is given to mustahik with the hope of increasing economic independence through micro-businesses. This study is quantitative in nature using random sampling techniques in the form of observation data and filling out questionnaires to 65 mustahik who received productive zakat funds through the Bangkalan Makmur Baznas Bangkalan Regency program. The data were analyzed using descriptive analysis methods and using quantitative methods in order to determine the effect of providing productive zakat funds to mustahik using multiple regression tests. The results of the study indicate that the distribution of productive zakat, business development, and business capital significantly affect the development of micro-businesses of mustahik. Targeted productive zakat can increase working capital, while business development plays a role in improving business skills and management. In addition, sufficient business capital encourages more stable business growth. Keywords: Productive Zakat, Business Development, Business Capital, Micro Business Development, Mustahik
Auditor Characteristics and Audit Delay: The Moderating Effect of Audit Complexity
This study examines the effect of auditor characteristics on audit delay, with audit complexity serving as a moderating variable, in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange during 2018–2024. This research addresses the empirical inconsistency in prior studies regarding the influence of auditor specialization, auditor reputation, and auditor switching on audit timeliness in emerging markets, particularly when organizational complexity is considered. Using panel data regression and Moderated Regression Analysis (MRA) on 55 firms with 385 observations, audit complexity is proxied by the number of subsidiaries. The results indicate that auditor specialization and auditor reputation significantly reduce audit delay, whereas auditor switching significantly increases audit delay. Furthermore, audit complexity strengthens the effects of auditor specialization and auditor switching on audit delay, while weakening the effect of auditor reputation. These findings highlight that auditor competency and organizational complexity are critical determinants of reporting timeliness and extend agency theory by emphasizing the moderating role of audit complexity in explaining variations in audit delay.
The Influence of Service Quality and Premium Amount on the Contribution Collectibility of PBPU Participants of BPJS Health in West Jakarta City
This study concludes that service quality and premium amount have a positive and significant effect on the contribution collectibility of PBPU participants in BPJS Health. Service quality is identified as the most dominant factor in improving contribution payment compliance. Practically, the findings indicate that strategies to improve contribution collectibility should not rely solely on premium adjustments, but must also be accompanied by improvements in service quality, particularly in terms of accessibility, service speed, and user experience. An integrated approach between service enhancement and tariff policy is expected to increase payment compliance and support the sustainability of the National Health Insurance (JKN) program.
Carbon Tax Implementation in Banten's Coal Power Plant: IRIO Method
Facing global commitments to reduce greenhouse gas emissions while promoting a just energy transition, implementing carbon taxes in the coal-fired power generation sector becomes a strategic policy requiring in-depth analysis of its spatial and sectoral economic impacts, particularly in regions with high concentrations of coal-fired power plants like Banten. This research focuses on determining the impact of carbon tax implementation at the Banten Power Plant in 2025. This study uses a quantitative research method, utilizing data on the amount of carbon emissions produced multiplied by the carbon tax rate of Rp 30,000/ton CO2e. The resulting carbon tax revenue is then used as an exogenous shock in the D sector: Electricity and Gas in Banten Province, as shown in the Indonesian IRIO table, as well as labor and community income sourced from the Indonesian Central Bureau of Statistics. The analysis methods used include backward and forward linkages, the impact of shocks on sector (D) on 17 other sectors, and capturing the spatial spillover effect on output, income, and labor in 34 provinces. The research results show that in Banten, the greatest impact on output, income, and labor is in the same sector, namely (G) Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles. The greatest aggregate impact on output, income, and labor is in South Sumatra Province, and the majority is still dominated by provinces on Java Island.
The Influence of Service Quality and Iron Drum Product Quality on Customer Satisfaction in the Diamond Iron Drum Trading Business in Tangerang Regency
The increasingly competitive industrial world demands that companies maintain product and service quality to maintain customer satisfaction. In the chemical industry, the use of iron drums plays a crucial role as containers for storing and transporting various chemicals and industrial fluids. Therefore, the quality of the iron drum product and the quality of the service provided to customers are factors that can influence customer satisfaction levels. This study aims to analyze the influence of service quality and product quality on customer satisfaction at the Intan Drum Trading Business in Tangerang Regency. This study uses a quantitative approach, and the results of this study indicate that product quality also has a positive and significant effect on customer satisfaction, with product quality being the variable that has the most dominant influence compared to service quality.
Analysis of the Influence of Income, Financial Literacy, and Payment Ability on Compliance of BPJS Kesehatan Non-Wage Recipient (PBPU) Contribution Payments in Indonesia
This study investigates the effects of income, financial literacy, and payment capacity on the compliance of Non-Wage Recipient (PBPU) members in paying their BPJS Kesehatan contributions. An associative quantitative research design was employed to examine the relationships among the proposed variables. The study involved 98 PBPU participants registered under the BPJS Kesehatan Sibolga Branch Office, who were selected using a simple random sampling technique. The analysis was based on both primary data collected directly from respondents and secondary data obtained from supporting documents. Data were gathered through a structured Likert-scale questionnaire and documentation, then processed using multiple linear regression analysis with SPSS. Before testing the hypotheses, the research instrument was assessed for validity and reliability, while the regression model was evaluated through classical assumption tests, including normality, multicollinearity, and heteroscedasticity. The empirical findings indicate that income, financial literacy, and payment capacity collectively have a significant influence on contribution payment compliance. When examined individually, income and financial literacy demonstrate positive and statistically significant effects on compliance, whereas payment capacity does not show a significant relationship. In addition, the coefficient of determination (R²) of 0.875 suggests that 87.5% of the variation in payment compliance can be explained by the variables incorporated in the research model, while the remaining 12.5% is attributable to other factors beyond the scope of this study. These results highlight the importance of economic conditions and financial literacy as key determinants of contribution payment compliance among PBPU members and provide valuable evidence for designing policies aimed at strengthening the long-term sustainability of Indonesia's National Health Insurance program.
The Influence of the SECI Knowledge Creation Model on Consumer New Knowledge in Digital Business Platforms: A Study of Mobile Legends Users in Surabaya
Digital business platforms have transformed consumers from passive product recipients into active knowledge-creating agents. This study examines the influence of the SECI knowledge creation model Socialization, Externalization, Combination, and Internalization on new knowledge formation among Mobile Legends consumers in Surabaya, Indonesia. Employing a quantitative associative research design, data were collected from 150 active Mobile Legends users through structured Likert-scale questionnaires and analyzed using multiple linear regression. Results confirm that all four SECI dimensions simultaneously and partially influence new knowledge formation. Simultaneously, the model explains 53.6% of variance in new knowledge formation (F = 41.846, p = 0.000). Partially, Combination emerges as the strongest predictor (β = 0.325), followed by Internalization (β = 0.317), Socialization (β = 0.227), and Externalization (β = 0.154), all significant at p < 0.05. These findings extend the SECI model and Knowledge-Based View beyond formal organizational settings, establishing that consumer-driven knowledge creation in non-formal digital ecosystems is a structured and measurable phenomenon. Practically, the findings provide strategic guidance for digital platform operators to invest in consumer knowledge capital as a source of sustained competitive advantage.
The Role of Pesantren Economic Empowerment in Fostering the Economic Self-Reliance of Santri
This study aims to describe the forms of economic empowerment implemented in Islamic boarding schools (pesantren), analyze their role in promoting students' economic independence, and identify their impact on students' entrepreneurial skills and entrepreneurial mindset. The study employed a qualitative approach using a library research design combined with a case study at Salafiyah Dawuhan Islamic Boarding School, Situbondo Regency. Data were collected through documentation, limited observation, and literature review, and were analyzed using descriptive qualitative analysis involving data reduction, data display, and conclusion drawing. The findings indicate that economic empowerment is implemented in an integrated manner through the development of productive business units, student cooperatives, entrepreneurship training, and practice-based learning (learning by doing). The active involvement of students in business management enhances their entrepreneurial skills, managerial experience, sense of responsibility, self-confidence, and economic independence. Furthermore, the implementation of Islamic business ethics, such as honesty, trustworthiness (amanah), and responsibility, serves as an essential foundation for developing students with integrity and self-reliance. The economic empowerment program also contributes positively to strengthening the socio-economic relationship between the pesantren and the surrounding community. Therefore, economic empowerment in pesantren plays a strategic role in developing independent, productive, and competitive students through the integration of education, entrepreneurial practice, and Islamic values.
The Influence of Digital Marketing, Product Innovation, and Brand Image on Consumer Purchasing Decisions for Ayam Geprek Cendrawasih in Situbondo
This study aims to examine the influence of digital marketing, product innovation, and brand image on consumers' purchasing decisions. The study adopted a quantitative approach using a Likert scale measurement. The population consisted of all consumers who had purchased and dined at Ayam Geprek Cendrawasih in Situbondo, although the exact population size was unknown. Data were collected through questionnaires measured using a Likert scale and analyzed with SPSS version 23. Based on the results of the F-test, the calculated F-value (F = 46.439) was greater than the F-table value (df1 = k − 1 = 4 − 1 = 3; df2 = n − k = 100 − 4 = 96; F-table = 2.699), indicating that Fcalculated > Ftable. Furthermore, the significance probability was lower than 0.05 (0.000 < 0.05). Therefore, H4 was accepted, indicating that digital marketing (X1), product innovation (X2), and brand image (X3) simultaneously have a positive and significant effect on consumers' purchasing decisions (Y). The results also showed that the calculated test statistic (46.493) exceeded the critical value (2.70), confirming that digital marketing, product innovation, and brand image significantly influence consumers' purchasing decisions. The adjusted R-square value was 0.579 (57.9%), indicating that digital marketing, product innovation, and brand image collectively explained 57.9% of the variance in consumers' purchasing decisions. The remaining 42.1% was influenced by other factors that were not examined in this study.
The Influence of Market Orientation and Product Innovation on the Competitiveness of "Mie Jebew" MSMEs at the Situbondo Car-Free Day
Micro, Small, and Medium Enterprises (MSMEs) are one of the key pillars of regional economies, as they play a significant role in creating employment opportunities, increasing community income, and promoting local economic growth. Competitiveness is a crucial factor in ensuring the sustainability of MSMEs amid increasingly intense market competition. This study aims to examine the influence of market orientation and product innovation on the competitiveness of Mie Jebew MSMEs at the Car Free Day (CFD) market in Situbondo. This research employed a quantitative approach using a survey method. The population consisted of 117 consumers, and the sample size was determined using the Slovin formula, resulting in 53 respondents selected from the population. The results of the t-test indicate that the calculated t-value for the market orientation variable was 3.907, which is greater than the t-table value of 2.000, while the product innovation variable obtained a calculated t-value of 2.189, also exceeding the t-table value of 2.000, with significance values (p < 0.05), indicating that both variables significantly affect competitiveness. The F-test results also demonstrate that market orientation (Sig. = 0.000 < 0.05) and product innovation (Sig. = 0.033 < 0.05) simultaneously have a positive and significant effect on competitiveness. Furthermore, the adjusted coefficient of determination (Adjusted R Square) was 0.467, indicating that 46.7% of the variance in competitiveness can be explained by market orientation and product innovation, while the remaining 53.3% is influenced by other factors not examined in this study.
Factors Determining Dividend Payment Policy: Further Evidence from Financial Sector Companies on the Indonesia Stock Exchange
Dividend policy in the banking sector plays a strategic role because it is related to financial stability, investor confidence, capital adequacy, and the sustainability of the intermediation function. This study examines profitability, leverage, free cash flow, and firm size as determinants of dividend policy in banks listed on the Indonesia Stock Exchange. This study uses an associative quantitative approach with secondary panel data obtained from the Indonesia Stock Exchange for the period 2006 to 2025, covering six banks and 120 observations. The analysis was conducted using EViews 12 through panel data regression with the selected Random Effect Model. The results show that profitability and firm size have a positive and significant effect on dividend policy, while leverage and free cash flow have no significant effect. This finding confirms that a bank's ability to generate profits and total asset strength are the main factors in driving dividend payments, while funding structure and cash availability are not yet dominant determinants because bank dividend policy is influenced by prudential regulations, capital adequacy, liquidity risk, and the need to maintain financial stability. This study's theoretical contribution strengthens Signaling Theory and Resource-Based View Theory through evidence that profitability and firm size act as financial signals and strategic internal resources in supporting dividend policy. The empirical contribution of this study extends the dividend policy literature in the financial sector by confirming that the determinants of bank dividends are different from those in the non-financial sector.
The Role of Learning Motivation as a Mediating Variable in the Influence of Critical Thinking Ability on Income Statement Preparation Skills
Critical thinking skills have been widely examined in relation to students' learning outcomes, particularly in learning activities that require analysis and problem-solving. This study aims to analyze the effect of critical thinking skills on income statement preparation skills and to examine the mediating role of learning motivation among eleventh-grade students in the Accounting specialization program. This study employed a quantitative approach using a survey method with an explanatory research design. The explanatory design was chosen because the study sought to explain the causal relationship between critical thinking skills and income statement preparation skills, with learning motivation serving as a mediating variable. The results of the partial test (t-test) indicated that the regression coefficient for income statement preparation skills increased by 0.861. The significance value obtained was less than 0.05 (Sig. < 0.001), indicating that critical thinking skills have a significant effect on income statement preparation skills. In Regression Model 1, critical thinking skills had a positive and significant effect on income statement preparation skills, contributing 67% of the explained variance. In Regression Model 2, the correlation coefficient (R = 0.015) indicated a very weak relationship between critical thinking skills and learning motivation. The coefficient of determination (R Square = 0.000) showed that critical thinking skills explained 0% of the variance in learning motivation. In other words, critical thinking skills had virtually no effect on learning motivation. In Regression Model 3, the model summary showed an R value of 0.821, indicating a very strong relationship between critical thinking skills and learning motivation in predicting income statement preparation skills. The R Square value of 0.674 indicated that 67.4% of the variance in income statement preparation skills was explained jointly by critical thinking skills and learning motivation, while the remaining 32.6% was attributable to other factors beyond the scope of this study.
The Effect of Profitability, Leverage, Operating Cash Flow, and Firm Size on Tax Avoidance: The Moderating Role of Institutional Ownership
This study investigates the effect of profitability, leverage, operating cash flow, and firm size on tax avoidance, with institutional ownership serving as a moderating variable. The research focuses on mining companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. A quantitative research approach was employed using secondary data obtained from companies’ annual reports and audited financial statements. The sample was selected through purposive sampling, resulting in 35 mining companies with a total of 175 firm-year observations. Data analysis was conducted using panel data regression and Moderated Regression Analysis (MRA) with EViews 12 software. The empirical findings reveal that profitability and leverage have a positive and statistically significant effect on tax avoidance, indicating that more profitable and highly leveraged firms are more likely to engage in tax avoidance strategies. Conversely, operating cash flow and firm size exhibit negative but statistically insignificant effects on tax avoidance. The moderation analysis demonstrates that institutional ownership significantly moderates the relationships between profitability, operating cash flow, and firm size with tax avoidance, suggesting that institutional investors strengthen corporate oversight and influence managerial tax-related decisions. However, institutional ownership does not significantly moderate the relationship between leverage and tax avoidance. These findings highlight the importance of institutional ownership as an effective corporate governance mechanism in reducing agency problems and shaping corporate tax planning behavior. This study contributes to the accounting and taxation literature by providing empirical evidence on the moderating role of institutional ownership in the relationship between firm-specific characteristics and tax avoidance practices in Indonesian mining companies.
Green Human Resource Management, Green Work Engagement, and Ethical Leadership
This study focuses on batik SMEs in Surakarta, particularly in Laweyan and Kauman, which have adopted sustainable production practices using natural dyes and environmentally friendly materials (Wasita, 2025). However, it remains unclear whether these sustainability values have been fully reflected in employees’ green behavior, even though the success of sustainability policies depends on how well individuals internalize and apply such values in their daily work activities. This study aims to analyze the influence how Green Human Resource Management, Green Work Engagement, and Ethical Leadership can encourage the consistent emergence of Green Behavior among SME actors, in order to bridge the gap between awareness and concrete actions in supporting sustainability. Data collection in this study was conducted through questionnaires, which are instruments consisting of a systematically and clearly designed list of written questions prepared by the researcher to be answered by the respondents. The results revealed that all the hypothesis testing in the research model, when Batik SMEs seek to improve their employees’ green behavior whether formal (in-role), voluntary (extra-role), or innovative (green innovative work behavior) this can be achieved by strengthening ethical leadership, optimizing Green Human Resource Management (GHRM) practices, and enhancing employees’ green work engagement. These findings are demonstrated by the fact that Ethical Leadership, Green Human Resource Management, and Green Work Engagement predominantly have positive and significant effects on various dimensions of employees’ green behavior within the Batik SME environment.
Artificial Intelligence Disclosure as a Strategic Signal: Implications for Corporate Financial Performance
This study examines Artificial Intelligence Disclosure as a strategic non-financial signal and its implications for the financial performance of banking companies listed on the Indonesia Stock Exchange during 2021–2024. Financial performance is measured using Return on Assets, Return on Equity, Net Interest Margin, and Price to Earnings. This study applies a quantitative approach using secondary data obtained from annual reports and financial statements. Using purposive sampling, 47 banking companies were selected, resulting in 188 firm-year observations. The data were analyzed using panel data regression with model selection through the Chow, Hausman, and Lagrange Multiplier tests. The findings show that Artificial Intelligence Disclosure has no significant effect on Return on Assets and Return on Equity, but has a positive and significant effect on Net Interest Margin and Price to Earnings. These results indicate that Artificial Intelligence Disclosure is more strongly reflected in operational efficiency and market valuation than in short-term accounting profitability. This study contributes to the development of signaling theory by positioning Artificial Intelligence Disclosure as a technology-based strategic signal. Practically, the findings imply that banking management should strengthen transparent and informative Artificial Intelligence Disclosure to enhance investor confidence and competitiveness in the digital transformation era.
A Qualitative Study on the Dynamics of Direct Feedback from Supervisors on Employee Performance Improvement at PT Wangsa Jatra Lestari
This research entitled A Qualitative Study on the Dynamics of Direct Feedback from Supervisors on Employee Performance. Improvement at PT Wangsa Jatra Lestari is a study that discusses the Role of direct feedback from supervisors in supporting employee performance. improvement. It aims to observe: (1) the forms and processes of direct feedback provided by supervisors to employees; (2) the factors influencing the effectiveness of feedback in improving performance.; and (3) employees’ perceptions toward the feedback received. This qualitative research used a case study approach and the data were collected through in-depth interviews and documentation. The informants consisted of management and employees who were directly involved in the feedback process. The data validity was tested using credibility and source triangulation. The data analysis technique was conducted through data reduction, data presentation, and drawing conclusions systematically. The results of this research showed that direct feedback from supervisors plays an important Role in improving employee performance., in terms of work quality, timeliness, accuracy, and work motivation. The forms of feedback consist of positive, corrective, and Developmental feedback delivered directly through face-to-face communication and daily work activities. The effectiveness of feedback is influenced by the clarity of delivery, timing of feedback, interpersonal relationships between supervisors and employees, and the communication skills of supervisors in conveying messages appropriately. Employees’ perceptions toward feedback tend to be positive as it helps them understand mistakes, improve work methods, increase self-confidence, and strengthen working relationships with supervisors. The findings also indicate several obstacles, including the absence of written standard operating procedures (SOP) regarding feedback, differences in employee characteristics and understanding, as well as variations in supervisors’ communication abilities in delivering feedback.
Analysis of the Role of Tourism Asset Redistribution in Promoting Local Economic Empowerment in the Bangsring Underwater Tourism Area, Banyuwangi
This study analyzes the role of tourism asset redistribution in promoting local economic empowerment in the Bangsring Underwater tourism area, Banyuwangi. The development of community-based tourism in coastal areas has created various economic opportunities for local communities, particularly through the redistribution of tourism-related assets such as business access, employment opportunities, marine resource management, and local entrepreneurship. This research aims to examine how the redistribution of tourism assets contributes to improving community welfare and strengthening local economic resilience. The study employs a qualitative descriptive approach using interviews, observations, and documentation techniques involving local residents, tourism managers, and related stakeholders. The findings indicate that tourism asset redistribution has a significant role in increasing community income, encouraging the growth of micro and small enterprises, expanding employment opportunities, and enhancing community participation in tourism management. However, several challenges remain, including unequal access to resources, limited managerial capacity, and environmental sustainability issues. Therefore, collaborative governance and inclusive tourism management are essential to ensure sustainable local economic empowerment in the Bangsring Underwater tourism area.
The Influence of Financial Technology, Digital Payment Systems, Financial Inclusion, and Government Financial Support on the Sustainable Financial Performance of MSMEs in Surakarta District
The rapid development of digital finance has created new opportunities for Micro, Small, and Medium-Sized Enterprises (MSMEs) to improve sustainable financial performance through technological adoption, financial accessibility, and institutional support. This study aims to examine the influence of Financial Technology, Digital Payment Systems, Financial Inclusion, and Government Financial Support on the sustainable financial performance of MSMEs in Surakarta District. This research employed a quantitative approach using primary data collected through structured questionnaires distributed to MSME owners. The sample was selected using purposive sampling based on specific criteria, including business operation duration, digital financial service utilization, and government support experience. Data were analyzed using IBM SPSS Statistics for descriptive analysis and SmartPLS for measurement model evaluation and hypothesis testing through Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that Financial Technology and Financial Inclusion have a positive and significant effect on MSME sustainable financial performance, while Digital Payment Systems and Government Financial Support do not show significant effects. Simultaneously, all independent variables significantly influence sustainable financial performance. These findings highlight the importance of digital financial adoption and financial accessibility in strengthening MSME sustainability.
The Influence of Financial Literacy and Investment Knowledge on Mutual Fund Investment Interest Among Generation Z with Investment Motivation as a Mediating Variable
This study aims to analyze the influence of financia l literacy and investment knowledge on mutual fund investment interest among Generation Z, with investment motivation as a mediating variable. The research employs a quantitative approach using a survey method by distributing questionnaires to 100 Generation Z respondents who are mutual fund investors. The sampling technique used is probability sampling with a simple random sampling method. Data analysis was conducted using Structural Equation Modeling–Partial Least Squares (SEM-PLS) through the SmartPLS application. The results indicate that financial literacy does not have a significant effect on investment interest, but it has a positive and significant effect on investment motivation. Furthermore, investment motivation is proven to have a positive and significant effect on investment interest. Investment knowledge also shows a positive and significant influence on both investment interest and investment motivation. These findings suggest that investment knowledge and investment motivation are important factors in increasing mutual fund investment interest among Generation Z. Therefore, improving investment education and financial literacy is essential to encourage more rational and sustainable investment participation among young people.
The Influence of Service Quality, Brand Image, and Customer Trust on Customer Loyalty among Tenth-Grade Students at a Learning Center
This study examines the influence of service quality, brand image, and customer trust on customer loyalty among Grade X students at the Ruangguru Denpasar Melati Tutoring Institution. The research is motivated by the growing importance of customer loyalty in maintaining the competitiveness and long-term sustainability of tutoring institutions within an increasingly competitive educational services industry. A quantitative approach with a causal research design was employed. The study involved 30 respondents selected using a saturated sampling technique. Data were collected through a structured questionnaire based on a five-point Likert scale and analyzed using multiple linear regression with IBM SPSS Statistics. The findings reveal that service quality, brand image, and customer trust each have a positive and statistically significant effect on customer loyalty. Furthermore, the three independent variables simultaneously exert a significant influence on customer loyalty, indicating that they collectively play an essential role in strengthening students' loyalty toward the institution. Among these factors, continuous improvements in service quality, the development of a strong and favorable brand image, and the enhancement of customer trust are crucial for fostering long-term customer relationships. The findings provide valuable managerial implications for the Ruangguru Denpasar Melati Tutoring Institution in formulating effective strategies to improve customer satisfaction, strengthen competitive advantage, and sustain customer loyalty in the educational services market.
The Influence of Deliberative Thinking, Mental Budgeting, and Self-Control on the Financial Well-Being of Generation Z in Jakarta Special Capital Region
Generation Z in Indonesia, particularly in Jakarta, has grown up in a digital environment that promotes highly consumptive lifestyles through trends such as Fear of Missing Out (FOMO) and You Only Live Once (YOLO), making them more vulnerable to financial instability and lower financial well-being. This study examines the effects of deliberative thinking, mental budgeting, and self-control on the financial well-being of Generation Z in Jakarta. A quantitative research design was employed using a survey of 400 respondents born between 1997 and 2012, selected through probability sampling based on the Slovin formula. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings indicate that deliberative thinking (β = 0.168, t = 2.076, p = 0.019), mental budgeting (β = 0.233, t = 3.123, p = 0.001), and self-control (β = 0.368, t = 4.228, p < 0.001) each have a positive and significant effect on financial well-being. Among these variables, self-control demonstrates the strongest influence. Collectively, the three predictors explain 48.1% of the variance in financial well-being (R² = 0.481). These findings highlight the importance of strengthening self-control and mental budgeting practices, alongside promoting deliberative decision-making, to enhance the financial well-being of young adults in the face of increasing digital economic challenges.
Hospital Marketing Strategies to Increase the Number of Patient Visits
The healthcare industry in Indonesia is facing increasingly intense competitive pressures, particularly in urban areas. According to data from the Indonesian Ministry of Health (2023), the total number of hospitals in Indonesia has reached more than 3,100, with the number of private hospitals increasing to more than 1,900. This growth forces each healthcare facility to develop more adaptive and data-driven marketing strategies. However, most hospitals, especially those in the middle to lower scale, still rely on conventional marketing approaches that have not optimally utilized digital platforms as communication channels for patients. This study aims to analyze the influence of hospital marketing strategies on the number of patient visits, focusing on three main variables: (1) digital promotion and marketing strategies, (2) service quality based on the 7P marketing mix, and (3) patient experience, as well as the mediating role of online reputation and patient trust. Patient experience in this study is operationally defined as the quality of service interactions perceived by patients, including the service process and staff interactions, while online reputation is defined as digital-based public perception formed through online reviews, ratings, and testimonials. The study uses a quantitative approach with an explanatory research design, namely the collection and analysis of quantitative data from structured surveys using a Likert-scale questionnaire for patients. Quantitative data analysis used the Structural Equation Modeling–Partial Least Squares (SEM-PLS) model. The expected outcome of this study is the formation of a strategic model that explains the relationship between hospital marketing variables and patient visits, while also generating practical recommendations for hospital management in designing effective, sustainable, and responsive marketing strategies to patient needs in the digital era.
The Influence of Work Motivation, Psychological Empowerment, and Perceived Organizational Support on Job Satisfaction Among Hospital Employees
This study aims to analyze the influence of work motivation, psychological empowerment, and perceived organizational support on hospital employees’ job satisfaction, both partially and simultaneously. Job satisfaction is one of the important factors that affect employee performance and the quality of hospital services. Therefore, it is necessary to understand the factors that can enhance employee job satisfaction so that organizations can create a productive and sustainable work environment. This study employed a quantitative approach by collecting data through questionnaires distributed to hospital employees. The data obtained were analyzed using multiple linear regression techniques to examine the relationships among the research variables. The results indicate that work motivation has a positive and significant effect on employee job satisfaction. Psychological empowerment was also found to have a positive and significant effect on job satisfaction and emerged as the most dominant variable. In addition, perceived organizational support has a positive and significant effect on employee job satisfaction. Simultaneously, work motivation, psychological empowerment, and perceived organizational support were proven to have a significant effect on the job satisfaction of hospital employees. These findings suggest that improving job satisfaction can be achieved through strengthening work motivation, enhancing employees’ psychological empowerment, and providing continuous organizational support. Therefore, hospital management should develop policies focused on improving employee welfare, participation, and development in order to support optimal service quality.
The Role of Insurance Agents in Building Public Trust in Sharia Education Insurance at Bank BSI Medan City in the Digital Era
This study aims to determine the role of insurance agents in building public trust in Islamic education insurance in the digital era, to analyze the strategies used by insurance agents to increase the trust of prospective customers in Islamic education insurance products and analyze the challenges faced by insurance agents in reaching the public and building trust through digital media. This study is a qualitative study with a SWOT approach to identify weaknesses, strengths, opportunities and threats. The results of the study indicate that the role of insurance agents in building public trust in Islamic education insurance in the digital era includes insurance agents as credible information liaisons, agent integrity and professionalism as determinants of trust, the use of digital technology to reach and educate customers and an emphasis on Islamic principles as the main selling point. The strategies used by insurance agents to increase the trust of prospective customers in Islamic education insurance products are a personal approach as an initial strategy to build trust, identification of customer needs as the basis for product offerings, ongoing communication to maintain and strengthen trust, the role of agents as trusted advisors and trust as the key to success. The challenges faced by insurance agents in reaching the public and building trust through digital media are high competition for information in digital media, public doubts about online transactions, low financial literacy and product understanding, limited reach due to social media algorithms, as well as negative stigma and the risk of fraud.
The Role of Employee Adaptive Competence and Operational Resilience in a Risk Management Perspective to Maintain Service Continuity at PT Bank Sumut Syariah Pematangsiantar
This research aims to analyze the role of employee adaptive competence in supporting operational risk management, examine the development of operational resilience, and identify obstacles in maintaining service continuity at PT Bank Sumut Syariah Pematangsiantar Branch. Using a qualitative approach with a case study method, data were collected through in-depth interviews, observations, and documentation. The results show that employee adaptive competence plays a crucial role in mitigating risks, but the level of readiness is not uniform among individuals, leading to inconsistent responses to disruptions. Operational resilience at the branch level has been established through experience and coordination, yet it remains situational and not yet systematically structured. Furthermore, operational risk management was found to be responsive in handling technical and non-technical disruptions. The study concludes that service continuity still relies heavily on individual initiatives rather than organizational systems. It is recommended that the organization strengthen adaptive competence uniformly and integrate a more proactive Enterprise Risk Management (ERM) framework.
The Effect of Asset Tangibility and Investment Decisions on Firm Value with Profitability as Moderating Variable
This study aims to examine the effect of asset tangibility and investment decisions on firm value, while also evaluating the moderating role of profitability. The study utilizes secondary data in the form of annual reports of the companies. The population of this study consists of companies in the industrial sector listed in Indonesia Stock Exchange (IDX) for the 2022-2024 period. Sample selection was carried out using a purposive sampling technique, with total 124 companies’ data points that satisfied the established selection criteria. The data analysis method used id quantitative utilizing SPSS. The empirical findings reveal that investment decisions have a positive effect on firm value, while asset tangibility is not found to effect firm value, and profitability does not strengthen the effect of asset tangibility and investment decisions on firm value.
The Influence of Product Trends, Store Atmosphere, and Service Quality on Purchasing Decisions at R2 Collection Rantauprapat
This study aims to analyze the influence of product trends, store atmosphere, and service quality on consumer purchasing decisions at R2 Collection Rantauprapat. This study used a quantitative method with an associative approach. The population in this study was all consumers who had made purchases at R2 Collection Rantauprapat. The sampling technique used accidental sampling with a total of 100 respondents. Data collection was conducted through questionnaires using a Likert scale. Data analysis was conducted using validity tests, reliability tests, classical assumption tests, multiple linear regression analysis, partial t-tests, simultaneous F-tests, and the coefficient of determination (R²). The results showed that product trends and service quality had a positive and significant influence on consumer purchasing decisions.Meanwhile, store atmosphere did not have a significant influence on consumer purchasing decisions. Simultaneously, product trends, store atmosphere, and service quality had a positive and significant influence on consumer purchasing decisions at R2 Collection Rantauprapat. The coefficient of determination (R²) value of 0.735 indicates that 73.5% of the variation in purchasing decisions can be explained by the three independent variables in this study, while the remaining 26.5% is influenced by factors outside the research model.
Marketing Performance in MSMEs Culinary Sector: The Effect of Market Orientation, Product Innovation, and Competitive Advantage
This study aims to analyze the influence if market orientation, product innovation, and competitive advantage on marketing performance in culinary micro, small, and medium enterprises in Bukateja Diistriict, Purbaliingga Regency. This study employed a quantitative approach and purposive sampling, with 120 culinary business owners as respondents. The criteria for respondents in this study are MSMEs operating in Bukateja Diistriict, Purbaliingga Regency, that have conducted promotional activities or product innovations in their culinary businesses and have been operating for at least two years. Data were collected through online questionnaires using Likert-scale measures. The analysis technique used in this study is multiple linear regression analysis supported by the statistical software SPSS 27. The instruments in this study have passed the validity and reliability test, as well as the classical assumption test. The results of the study show that market orientation, product innovation, and competitive advantage have a positive and significant influence on marketing performance. These findings highlight the importance of strengthening market orientation, enhancing product innovation, and building a competitive advantage to improve marketing performance
Implementation of Internal Controls Over Inventory Based on COSO at CV. Enigma Pasifik Seafood
This study aims to evaluate the effectiveness of the implementation of an internal control system for inventory in a seafood processing company. The approach used in this study is a qualitative approach with an explanatory analysis design. The primary data in this study were collected through interviews and direct field observations, which were then analyzed using descriptive techniques based on the five components of the COSO Framework. Based on the study results, the implementation of internal control over inventory based on the COSO Framework approach is only 40.00% compliant overall, indicating a “not met” category. The results show that the compliant COSO components relate to Information and Communication. Risk Assessment is categorized as “sufficiently met.” However, Control Environment, Control Activities, and Monitoring Activities remain non-compliant. The failure to meet these components stems from a manual recording system, the absence of written standard operating procedures (SOPs), absences that are not formally documented, and the lack of periodic physical counts. These weaknesses result in inaccurate inventory records, causing them to lose their function as a decision-making tool for management. As a solution, the company is advised to implement daily Excel-based computerization, develop written SOPs, tighten authorization procedures, schedule inventory counts, and improve preventive oversight.
Improving the Performance of Web Developers at PT Terakorp Indonesia Through Work Motivation, Compensation, and Work-Life Balance
The performance of web developers plays a crucial role in supporting the success of technology companies, as it is closely related to productivity, system development quality, and the ability to adapt to evolving business demands. This study aims to examine the effects of compensation and work-life balance on work motivation and employee performance, as well as to evaluate the role of work motivation as a mediating variable. The research was conducted at PT Terakorp Indonesia, involving 162 web developers selected using a saturated sampling technique. This study employs a quantitative approach using Structural Equation Modeling–Partial Least Squares (SEM-PLS) as the analytical method. The findings reveal that compensation and work-life balance have positive effects on both work motivation and employee performance. Furthermore, work motivation is confirmed to have a positive impact on improving employee performance. Indirectly, work motivation successfully mediates the relationship between compensation and work-life balance with employee performance. These results highlight the importance of managing both financial and non-financial factors to enhance web developer performance through continuous and sustainable strategies in today’s digital organizations.
Determinants of Fraud Prevention with Professional Ethics as a Moderator
Fraud remains a critical challenge for plantation and agribusiness companies due to the complexity of operational processes, extensive resource management, and increasing digitalization. This study aims to examine the determinants of fraud prevention by analyzing the influence of information systems, internal audit, audit competence, and whistleblowing systems, while also investigating the moderating role of professional ethics. A quantitative research approach was employed using survey data collected from 100 practitioners working in plantation and agribusiness companies. The data were analyzed using Moderated Regression Analysis (MRA) to assess both direct and moderating effects among the variables. The findings reveal that information systems and audit competence have significant positive effects on fraud prevention, indicating that technological support and auditor expertise play important roles in strengthening organizational control mechanisms. In contrast, internal audit and whistleblowing systems do not demonstrate significant effects on fraud prevention. The results further show that professional ethics significantly moderates the relationship between audit competence and fraud prevention by strengthening the effectiveness of competent auditors in detecting and preventing fraudulent activities. However, professional ethics does not significantly moderate the relationships between information systems, internal audit, whistleblowing systems, and fraud prevention. These findings suggest that effective fraud prevention in plantation and agribusiness companies requires not only robust information systems and competent auditors but also strong ethical values that enhance professional judgment and accountability. The study contributes to the fraud prevention literature by highlighting the strategic role of professional ethics in reinforcing the impact of audit competence on organizational fraud prevention efforts. The results provide practical implications for managers, auditors, and policymakers seeking to improve governance and fraud control practices within the plantation and agribusiness sector.
The Influence of Accounting Understanding, Financial Inclusion, and Social Environment on Savings Behavior Among MSME Actors in Selong City
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Indonesia’s economy, yet most MSME actors exhibit low saving behavior. This study examines the influence of accounting understanding, financial inclusion, and social environment on saving behavior among MSME actors in Selong City, East Lombok Regency. Using a quantitative associative approach, data were collected from 95 respondents through a Likert-scale questionnaire. Multiple linear regression analysis was employed to test the hypotheses, after validating the instrument with corrected item-total correlation (r-table = 0.202) and reliability with Cronbach’s alpha (>0.60). Classical assumption tests (normality, multicollinearity, heteroscedasticity) were satisfied. The results show that simultaneously, accounting understanding, financial inclusion, and social environment have a significant effect on saving behavior (F = 51.564, p = 0.000, adjusted R² = 0.653). Partially, financial inclusion has a positive and significant effect (β = 0.770, p = 0.000), and the social environment also has a positive and significant effect (β = 0.268, p = 0.001). However, accounting understanding does not have a significant effect (β = -0.050, p = 0.180). This indicates that access to formal financial services and socio-ecological support are more dominant in shaping saving habits than accounting knowledge alone in traditional MSMEs. The study concludes that expanding financial inclusion through digital agents and strengthening community-based social capital are effective strategies. Future research should include additional variables such as income and self-control.
Fear of Missing Out as a Moderator of Financial Literacy and Generation Z Investment Decisions in Cirebon
Digital investment platforms have expanded investment access among Generation Z, but easier access does not always ensure rational investment decisions. This study examines the effect of financial literacy on investment decisions among Generation Z in Cirebon and analyzes the moderating role of fear of missing out in this relationship. A quantitative associative design was applied using survey data collected from 105 respondents selected through purposive sampling. The respondents were Generation Z individuals aged 17–28 years who lived in Cirebon and had investment experience or interest. Data were analyzed using partial least squares structural equation modeling. The findings show that financial literacy has a positive and significant effect on investment decisions, indicating that better financial understanding improves the ability of young investors to evaluate risk, return, and investment alternatives. Fear of missing out also has a positive and significant effect on investment decisions, suggesting that psychological and social pressure can encourage investment participation. More importantly, fear of missing out negatively moderates the relationship between financial literacy and investment decisions, meaning that high fear of missing out weakens the role of financial literacy in guiding rational investment decisions. This study contributes to behavioral finance literature by integrating rational and psychological factors in explaining young investors’ behavior and provides practical implications for investment literacy programs that include behavioral awareness.
Analysis of Using Break Even Point and Margin of Safety Information as a Basis for Determining Production Quantity in Controlling Sales Risks at Sumedang Tofu Amira Factory
This study aims to analyze the utilization of Break Even Point (BEP) and Margin of Safety (MOS) information as a basis for determining production quantities in controlling sales risk at Amira Sumedang Tofu Factory. The study is motivated by fluctuating market demand and the perishable nature of tofu products, which require effective production planning to minimize the risk of financial losses. A descriptive quantitative approach was employed using primary and secondary data collected through observations, interviews, documentation, and business records. The analysis was conducted using Cost-Volume-Profit (CVP) techniques, particularly Break Even Point (BEP) and Margin of Safety (MOS) calculations. The findings indicate that the factory’s sales consistently remained above the break-even point during the January–April 2026 period, demonstrating the company’s ability to cover all production costs and generate profits. The calculated BEP sales value was IDR 14,950,166, while actual monthly sales ranged from IDR 35,750,000 to IDR 42,240,000. Furthermore, the Margin of Safety values ranged from 58.2% to 64.6%, indicating that the company maintained a strong sales safety margin and faced a relatively low risk of financial loss. The highest MOS value was recorded in January (64.6%), while the lowest occurred in February (58.2%), although sales remained safely above the break-even level. The study concludes that BEP and MOS are effective management accounting tools for supporting production planning and controlling sales risk. BEP provides information regarding the minimum sales and production levels required to avoid losses, while MOS measures the degree of sales security against potential declines in demand. Therefore, the utilization of BEP and MOS information can assist MSMEs in making more accurate production decisions, improving operational efficiency, and maintaining business sustainability in a competitive market environment.
Strategies to Increase Customer Trust Through Digital Service Innovation at PT Insurance Bumida Medan Branch
The digital transformation within the insurance industry demands that companies not only adopt technology but also ensure the cultivation of customer trust in digital-based service systems. In this context, this study aims to analyze the strategies for enhancing customer trust through digital service innovation at PT Asuransi Umum Bumida 1967 Medan Branch using the framework of the Diffusion of Innovation Theory. This study employs a descriptive qualitative approach, collecting data through observation, in-depth interviews with staff and customers, and documentation. Data analysis was conducted using the interactive model of Miles, Huberman, and Saldana, which includes data reduction, data display, and conclusion drawing/verification. The results show that digital service innovations such as the Replay application, e-policies, and policy barcodes offer relative advantages in improving operational efficiency, service speed, and information transparency. However, the innovation adoption process is still influenced by factors such as usage complexity, varying levels of digital literacy, and the preference of some customers for manual systems. Interpersonal communication strategies through marketing, the implementation of a hybrid system, and continuous assistance have proven effective in accelerating the diffusion of innovation. It is concluded that the success of digital service innovation in building customer trust requires the integration of strengthening innovation attributes, optimizing communication, gradual adaptation, and consistent, sustainable support from the organization's social system.
Ensuring Hajj Fund Sustainability: The Interplay Of Investment Portofolios and Macroeconomic Indicators
The management of Hajj funds in Indonesia faces critical challenges in maintaining financial sustainability as rising pilgrimage costs outpace investment yields. Grounded in Modern Portfolio Theory and Arbitrage Pricing Theory, this study aims to analyze the transmission mechanisms linking asset allocation strategies specifically liquid Islamic banking instruments, long-term sukuk, and real-sector direct investments and systemic macroeconomic variables (inflation and the USD/IDR exchange rate) to BPKH's investment returns. Utilizing an Autoregressive Distributed Lag (ARDL) framework, this research analyzes quarterly data from 2018 to 2025. To ensure robustness despite a small finite sample size (N = 32), the structural model is verified using exact finite-sample critical bounds, while a structural break dummy is incorporated to capture the operational disruptions caused by the COVID-19 pandemic. The findings reveal a long-term cointegration relationship with a high speed of adjustment toward equilibrium at 72% per quarter (ECT= -0.72). Placements in Islamic banking and early-lagged sukuk allocations provide stable, positive impacts on fund growth. Conversely, direct investments exhibit a long-term strategic paradox, yielding negative long-run coefficients due to high cross-border operational overhead and maintenance costs. Mechanistically, domestic inflation stands as the most destructive risk factor that directly devalues the real purchasing power of the returns, whereas exchange rate shocks remain transitory and mean-reverting. The novelty of this study lies in its dynamic, break-adjusted modeling that evaluates socio-religious portfolio resilience against global shocks. These findings provide critical policy implications for BPKH to transition toward active inflation-hedging and dual-currency matching strategies to ensure intergenerational equity and future financial independence.
Analysis of the Implementation of the Coretax System and Account Representative (AR) Services in Improving Individual Taxpayer Compliance at KPP Pratama Subang
This research is motivated by efforts to modernize tax administration through the implementation of the Coretax system as a digital-based tax service that is expected to improve the quality of service and taxpayer compliance. However, in its implementation, various obstacles still exist that affect the system's effectiveness. The phenomenon found at KPP Pratama Subang shows that many taxpayers still experience difficulties when using the Coretax system, including frequent login failures, system errors, delays in taxpayer data verification, and confusion in understanding the features and procedures within the system. In addition, around 300–400 taxpayers per day visited KPP Pratama Subang to seek consultation and technical assistance regarding the use of Coretax, indicating that taxpayers’ understanding and adaptation to the new digital tax system are still relatively low. This condition demonstrates that the implementation of the Coretax system has not yet fully supported taxpayer convenience and compliance, and the role of Account Representatives (AR) is still highly needed in providing guidance, supervision, and assistance to taxpayers. This study aims to analyze the implementation of Coretax and the role of Account Representatives (AR) in improving individual taxpayer compliance at the Subang Pratama Tax Office (KPP Pratama). This study uses a qualitative approach with an exploratory method. Data were collected through interviews, observations, and documentation with informants consisting of individual taxpayers, Account Representatives (AR), and tax counselors. Data analysis was conducted using a comparative technique using a percentage approach. The results show that the implementation of Coretax is still suboptimal (31.25%) due to technical constraints, access, and taxpayer understanding. The role of Account Representatives (AR) is also not optimal (43.75%), especially in the aspects of communication and guidance. Meanwhile, the level of taxpayer compliance is in the fairly good category (68.75%). Overall, it shows that the implementation of the Coretax system and Account Representative (AR) services in improving taxpayer compliance has not been running optimally.
The Influence of Entrepreneurship Education, Family Environment, and Self-efficacy on Entrepreneurial Interest of Class XI Students of SMA Negeri 3 Semarang
This study aims to analyze the influence of entrepreneurship education, family environment, and self-efficacy on the entrepreneurial interest of eleventh-grade students at SMA Negeri 3 Semarang. The study is motivated by the high unemployment rate among the productive-age population and secondary education graduates in Indonesia, indicating the need for strategic efforts through strengthening entrepreneurship education at the secondary education level. This study employed a quantitative approach with an explanatory research design. The research population consisted of 412 eleventh-grade students of SMA Negeri 3 Semarang in the 2025/2026 academic year who had completed the Craft and Entrepreneurship (PKWU) subject, with a sample of 203 students selected using proportional random sampling techniques. Data were collected through questionnaires and observations, while data analysis was conducted using the Partial Least Square (PLS) method. The results showed that all variables met the validity and reliability criteria. The R-Square value of 0.705 indicates that entrepreneurship education, family environment, and self-efficacy were able to explain 70.5% of entrepreneurial interest. Hypothesis testing showed that entrepreneurship education had a positive and significant effect on entrepreneurial interest (β = 0.357; p = 0.000), family environment had a positive and significant effect on entrepreneurial interest (β = 0.206; p = 0.003), and self-efficacy had a positive and significant effect on entrepreneurial interest (β = 0.393; p = 0.000). The findings indicate that educational factors, family support, and individuals’ confidence in their own abilities play an important role in increasing students’ entrepreneurial interest.
The Influence of Halal Certification, Muslim Influencers, and Lifestyle on Purchase Decisions with Trust as an Intervening Variable Among Generation Z in Serang City
The halal cosmetics industry in Indonesia has experienced rapid growth alongside the increasing awareness of Muslim consumers, particularly Generation Z, regarding the use of products that comply with Islamic principles. Digital technology, the presence of Muslim influencers, and lifestyle changes play important roles in shaping consumer behavior and purchase decisions. However, conceptual gaps still exist in understanding the mechanism through which these factors influence purchase decisions, with trust serving as an intervening variable. The study employed a quantitative research method using the Structural Equation Modeling–Partial Least Squares (SEM-PLS) approach. The data analysis included tests of Convergent Validity, Discriminant Validity, Composite Reliability, Model Fit, Path Coefficient, R-Square (R²), and Hypothesis Testing. The results of the study indicate that halal certification has a significant positive effect on purchase decisions, with a T-statistic value of 9.337 and a P-value of 0.001. Muslim influencers also have a significant effect, with a T-statistic of 7.306 and a P-value of 0.000. Lifestyle has a significant effect on purchase decisions, with a T-statistic of 4.350 and a P-value of 0.001. Furthermore, halal certification has a significant positive effect on trust, with a T-statistic of 22.128 and a P-value of 0.000. Muslim influencers significantly affect trust, with a T-statistic of 7.536 and a P-value of 0.000. Lifestyle also has a significant effect on trust, with a T-statistic of 3.205 and a P-value of 0.001. The R-Square value of 0.987 indicates that the independent variables are able to explain 98.7% of the variance in purchase decisions. Trust is also proven to mediate the relationships among the variables, with a T-statistic of 5.842 and a P-value of 0.000. Halal certification, Muslim influencers, and lifestyle have a positive and significant effect on halal cosmetic purchase decisions among Generation Z in Serang City. These three variables also have a positive and significant effect on consumer trust. Trust has been proven to have a positive and significant effect on purchase decisions. The better the perception of halal certification, the role of Muslim influencers, and the implementation of a halal lifestyle, the higher the level of trust and the purchase decisions for halal cosmetics among Generation Z.
The Influence of Transformational Leadership and Islamic Work Ethics on Employee Performance through Organizational Commitment in Islamic Financial Institutions
This study aims to examine the effects of transformational leadership and Islamic work ethics on employee performance, with organizational commitment serving as a mediating variable in Islamic financial institutions in North Sumatra, Indonesia. A quantitative research approach was employed using a survey method involving 200 employees from various Islamic financial institutions. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to simultaneously examine the relationships among the study variables. The findings reveal that transformational leadership has a positive and significant effect on both employee performance and organizational commitment. Similarly, Islamic work ethics significantly enhance organizational commitment and employee performance, indicating the importance of ethical values in promoting positive workplace outcomes. Furthermore, organizational commitment exerts a positive and significant influence on employee performance and mediates the relationships between transformational leadership and employee performance, as well as between Islamic work ethics and employee performance. These results suggest that the integration of transformational leadership practices with Islamic work ethics fosters stronger organizational commitment, which in turn contributes to higher employee performance. The study provides empirical evidence supporting the strategic role of leadership and ethical values in improving organizational effectiveness within Islamic financial institutions. The findings offer practical implications for managers and policymakers seeking to strengthen employee commitment and optimize organizational performance by cultivating transformational leadership behaviors and reinforcing Islamic ethical principles in the workplace.
The Influence of Work-Life Balance and Job Satisfaction on the Performance of Millennial and Gen Z Employees with Employee Engagement as an Intervening Variable
Shifts in the workforce's demographic structure have led to workplaces being increasingly dominated by Millennials and Generation Z, presenting new challenges for human resource management—particularly regarding differences in characteristics, communication styles, work ethics, and expectations for work-life balance, all of which can trigger interpersonal conflict and impact productivity. This study aims to analyze and explain the influence of work-life balance (WLB) and job satisfaction on employee performance, with employee engagement serving as an intervening variable, among Millennial and Generation Z employees at PT Jhonlin Agro Raya Tbk in Batulicin, South Kalimantan. A quantitative approach utilizing explanatory research methods was employed. Data collection was conducted through the distribution of questionnaires both in person and via Google Forms using a 1-5 Likert scale. Non-probability sampling was used via a saturated sampling approach, resulting in a total of 291 respondents: 186 Millennials (63.9%) and 105 Generation Z employees (36.1%). The respondent demographic was predominantly male (66.7%), with the majority having a tenure of 1-3 years (49.8%). Data analysis was performed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0 software, alongside a Multi-Group Analysis (MGA) approach to compare the generational groups. Evaluation of the measurement model (outer model) revealed that all variable indicators had loading factor values ​​> 0.6 and Average Variance Extracted (AVE) values ​​> 0.5, thereby meeting convergent and discriminant validity requirements the model also demonstrated reliability, with composite reliability values ​​> 0.7. Evaluation of the structural model (inner model) indicated good predictive relevance (Q2 > 0) and a high level of overall model fit (high Goodness of Fit Index: 0.512 for Millennials and 0.657 for Gen Z). The R-squared values ​​for the Millennial generation group indicate that 43.7% of the variation in employee performance (a moderate level) and 50.9% of the variation in employee engagement can be explained by the model. Meanwhile, for the Generation Z group, the model strongly explains 69.3% of the variation in employee performance and 60.8% of the variation in employee engagement. Overall, work-life balance and job satisfaction were found to have a positive impact on both employee engagement and employee performance, with employee engagement serving as an effective mediator bridging this relationship across both workforce generations at PT Jhonlin Agro Raya Tbk.
Transformational Leadership and Work Discipline as Determinants of Employee Performance in the Digital Marketing Industry: Evidence from CV. Queensha Media Group
The rapid growth of the digital marketing industry requires organizations to strengthen employee performance through effective leadership and organizational discipline in increasingly dynamic, creativity-oriented, and technology-driven work environments. This study aims to analyze the influence of transformational leadership and work discipline on employee performance at CV. Queensha Media Group and examine their explanatory power within the context of the digital marketing industry. This research employed a quantitative associative approach using a saturated sampling technique involving all 120 employees, while data were collected through structured questionnaires and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The measurement model demonstrated satisfactory validity and reliability, whereas the structural model produced a substantial explanatory power (R² = 0.819). The findings reveal that transformational leadership has a positive and significant effect on employee performance (β = 0.512; t = 5.728; p < 0.001), followed by work discipline (β = 0.461; t = 5.063; p < 0.001), indicating that transformational leadership is the more dominant determinant. These findings suggest that inspirational leadership is particularly effective in project-based, collaborative, and innovation-driven digital marketing organizations, while work discipline supports operational consistency through timely task completion and accountability. The study extends the empirical application of Human Resource Management theory by confirming the complementary roles of motivational leadership and behavioral control in enhancing employee performance and provides practical implications for strengthening leadership development, adaptive work discipline, and project management practices to improve organizational competitiveness in the digital marketing industry.
The Influence of Social Media Advertising Content on the Number of Leads Through Direct Messages for Excel Products at Edspert
This study aims to analyze the influence of social media advertising content on the number of Direct Message (DM) leads for Edspert's Excel training product, as well as coordination between the Marketing and Sales teams in approving incoming leads. The research was conducted during an internship program at PT Widya Kreasi Bangsa, an EdTech company specializing in professional competency development through the Edspert.id platform. The method used was a qualitative case study approach. Data collection was conducted through in-depth semi-structured interviews, observation, and documentation. The interviewees included the Performance and Growth Marketing (PGM) team, Edspert's Business Development & Sales team, and Excel training participants as supporting sources. Data validity was tested using source triangulation. The results revealed two main findings. First, the social media advertising content used by Edspert was not fully optimal in encouraging audiences to engage with Direct Messages. This was due to the lack of differentiation in content types tailored to the characteristics of each platform, a content strategy that was not fully relevant to the target audience segment, and limited human resources within the PGM team. Second, there are still gaps in coordination between the Marketing and Sales teams, particularly in the delivery of campaign information, which is not always fully conveyed to the Sales team, leading to miscommunication that impacts lead follow-up. Nevertheless, the overall lead handling process is quite structured, and the quality of incoming leads is considered quite good. This study recommends that Edspert differentiate content based on platform and audience segment, strengthen cross-divisional coordination, and ensure information alignment between the Marketing and Sales teams to improve the effectiveness of digital campaigns and the conversion of leads into training participants.
Simulation Model of Muhammadiyah Food Product Buying Interest as a Sustainability Breakthrough
This study aims to determine the factors affecting the purchase interest of Muhammadiyah food products in Indonesia. SEM-PLS (Partial Least Squares–Structural Equation Modeling) software was used for data processing to further develop a simulation model of Muhammadiyah food product purchase interest. The hypothesis is that positive purchase interest will result in positive and stable green consumer behavior that can be seen in the next few years. The population of this study is all consumers in Indonesia. In this case, the sample used was 100 respondents. The results show that the developed simulation model can be a valuable reference for predicting stable purchase interest over the next few years. The implementation of this integrated strategy can increase consumer buying interest that not only buys products but also contributes to environmental sustainability and Islamic values. This model allows Muhammadiyah food product entrepreneurs to make the right decisions in effective marketing strategies that continue to provide value.
Responding to Monetary Authority Interest Rate Policy: Performance, Financial Risk, and Operational Efficiency Analysis of Commercial Banks
Interest rate policy plays an important role in influencing financial risk and bank performance, especially in emerging economies with high economic volatility. The objective of this research is to study how interest rate policy, credit risk, liquidity risk, and bank performance interact with each other in a complex way. This is done by considering both internal and external variables. This research analyzes literature from a number of international empirical studies focusing on developing and developed countries. The data is analyzed to find patterns and relationships between interest rate policy and bank financial risk. The results show that lower interest rates increase credit risk through aggressive loan expansion and lower credit standards. Declining interest rates also increase liquidity risk as depositors' incentives are reduced. In addition, it was found that good capital structure and governance can mitigate the negative effects of interest rate fluctuations on bank performance. This research strengthens the theoretical basis on the role of monetary policy in the banking industry and emphasizes macroprudential regulation and adaptive risk management strategies. Further research is suggested to include negative interest rate policies or global financial markets, but practical implications include the need for policies that support financial stability amid low interest rate challenges.
The Effect of Capital Intensity, Inventory Intensity, Profitability, and Leverage on Tax Avoidance in Real Estate Companies
The present study investigates how capital intensity, inventory intensity, profitability, and leverage influence tax avoidance in property and real estate firms listed on the Indonesia Stock Exchange during the 2022-2024 period. A quantitative methodological design is applied, utilizing the Partial Least Squares-Structural Equation Modeling (PLS-SEM) approach with SmartPLS 4 software assistance. Sample selection is conducted through purposive sampling, yielding 33 companies and a total of 99 observations. The analysis relies on secondary data collected from corporate annual financial statements. The results reveal that capital intensity, inventory intensity, and leverage do not have a significant impact on tax avoidance, implying that investment in fixed assets, the scale of inventory holdings, and the firm’s financing structure are not key determinants of tax avoidance behavior. Conversely, profitability exhibits a significant correlation with tax avoidance, implying that firms with higher profit levels show a greater tendency toward legally compliant tax efficiency practices. An R² value of 0.227 implies that 22.7% of the variability in tax avoidance can be attributed to the independent variables included in the model, while the remaining proportion is attributable to factors not captured in the study. These results imply that financial performance exerts a more prominent impact on tax avoidance behavior compared to the firm’s asset composition and financing structure.
Analysis of the Improvement of Work Ability, Job Satisfaction, and Compensation and Its Impact on the Performance of Employees at PTPN IV Regional 1 Rantauprapat Plantation
This study aims to analyze the effect of work ability improvement, job satisfaction, and compensation on employee performance at PTPN IV Regional 1 Kebun Rantauprapat. The background of this research is based on the importance of effective human resource management in enhancing productivity and achieving corporate performance targets within the plantation sector. Optimal work ability, high levels of job satisfaction, and a fair and competitive compensation system are considered key determinants in improving employee performance. This research employs a quantitative approach using a survey method. The population consists of all employees at PTPN IV Regional 1 Kebun Rantauprapat, with a saturated sampling (census) technique applied. Data were collected through questionnaires and analyzed using multiple linear regression to examine both partial and simultaneous effects among variables. The results indicate that work ability improvement, job satisfaction, and compensation partially have a positive and significant effect on employee performance. Simultaneously, these three independent variables also significantly influence employee performance. These findings suggest that the company should optimize training and competency development programs, enhance performance-based compensation systems, and create a supportive work environment to sustainably improve employee satisfaction and performance.
The Effect of Work-From-Anywhere and Digital Well-Being on Work-Life Harmony with the Mediation of Employee Involvement to Improve Performance Efficiency at Lampung Post Company
The development of digital technology has changed the conventional work paradigm towards a flexible Work-From-Anywhere (WFA) system that requires adaptation to digital well-being and work-life harmony. In the context of media organizations such as Lampung Post, this change poses challenges to performance efficiency due to the high digital workload and the need for flexible working hours. This study aims to analyze the influence of WFA, Digital Well-Being, and Work-Life Harmony on performance efficiency with employee engagement as a mediating variable. This study uses a quantitative approach with the Structural Equation Modeling–Partial Least Square (SEM-PLS) method, involving Lampung Post employees as research respondents. The analysis results show that the three independent variables have a positive and significant effect on performance efficiency, both directly and indirectly through employee engagement. Work-Life Harmony has the most dominant influence, while employee engagement is proven to be the main mediator in strengthening the relationship between variables. This study concludes that improving performance efficiency in the digital work era depends on the synergistic management of work flexibility, digital well-being, and work-life harmony with employee engagement as the main driver.
The Effect of Brand Image on Consumer Buying Interest (Case Study of Tenth Avenue Mall Bandung 2025)
The increasing competition among shopping malls in Bandung requires each mall to have a strong Brand Image in order to attract consumers’ purchase intention. Brand Image is an important factor as it influences consumers’ perceptions, attitudes, and interest in choosing a shopping destination. This final project aims to analyze the Brand Image, consumers’ purchase intention, and the effect of Brand Image on consumers’ purchase intention at Tenth Avenue Mall Bandung. The research method used in this final project is a quantitative method with descriptive and verificative research types. Data were collected through questionnaires distributed to consumers who have visited or are familiar with Tenth Avenue Mall Bandung. The data analysis techniques applied include descriptive analysis and simple linear regression analysis using statistical software. The results show that the Brand Image of Tenth Avenue Mall Bandung is categorized as good, while consumers’ purchase intention is at a moderate to high level. Furthermore, the verificative analysis indicates that Brand Image has a positive and significant effect on consumers’ purchase intention. The conclusion of this final project is that a better Brand Image leads to a higher level of consumers’ purchase intention. The results of this final project are expected to provide useful input for management in improving marketing strategies and to serve as a reference for future research.
The Influence of Brand Image, Product Quality, And Perceived Value on Purchasing Decisions of Honda Scoopy Automatic Motorcycles in Surabaya City
This research aims to determine the influence of brand image, product quality, and perceived value on purchasing decisions of Honda Scoopy automatic motorcycles in Surabaya City. This research uses a quantitative method with primary data. The population of this study consists of consumers who use Honda Scoopy in Surabaya. Data collection was carried out by distributing questionnaires to 150 respondents using a purposive sampling technique with the criteria of consumers who have purchased and used Honda Scoopy. The data obtained were then processed using multiple linear regression analysis with the help of IBM SPSS software. The analysis techniques used include validity and reliability tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing using t-test (partial), F-test (simultaneous), and coefficient of determination (R²). The results show that partially brand image, product quality, and perceived value have a positive and significant effect on purchasing decisions. Simultaneously, all independent variables also have a significant effect on purchasing decisions, with perceived value as the most dominant variable.
The Influence of Product Knowledge, Workload, and Work-Life Balance on the Service Performance of Frontliners at PT Bank Tabungan Negara (Persero) Tbk Bali Region
This study aims to analyze the influence of several variables, namely: (1) product knowledge, (2) workload, and (3) work-life balance on the service performance of frontliners at PT Bank Tabungan Negara (Persero) Tbk Bali Region. The population in this study consisted of all frontliners of PT Bank Tabungan Negara (Persero) Tbk Bali Region totaling 68 employees. The sampling technique used in this study was saturated sampling or total sampling, which is a sampling method in which all members of the population are used as research samples. Data in this study were collected through questionnaires and documentation. The data analysis technique used was multiple linear regression analysis with the assistance of SPSS 29 software. The analysis included validity testing, reliability testing, classical assumption testing, partial testing (t-test), simultaneous testing (F-test), and coefficient of determination (R²). The results of the study showed a constant coefficient of 10.470, a Product Knowledge regression coefficient of 0.369, a Workload regression coefficient of -0.181, and a Work-Life Balance regression coefficient of 0.340. The results also showed that product knowledge had a positive and significant effect on frontliner service performance, workload had a negative and significant effect on frontliner service performance, and work-life balance had a positive and significant effect on frontliner service performance. Simultaneously, product knowledge, workload, and work-life balance had a significant effect on the service performance of frontliners at PT Bank Tabungan Negara (Persero) Tbk Bali Region.
The Role of Corporate Governance Mechanisms in Mitigating Greenwashing Practices and Environmental Management Control Systems as a Moderating Variable in Manufacturing Companies in ASEAN
Greenwashing has emerged as a critical concern in the ASEAN-5 region as stakeholder demands for environmental transparency and corporate accountability continue to intensify. This phenomenon reflects weaknesses in internal monitoring mechanisms and the integration of environmental control systems, leading some companies to provide symbolic sustainability disclosures without substantive environmental implementation. Drawing on legitimacy theory and institutional theory, this study investigates the influence of corporate governance mechanisms on greenwashing practices, examines the direct effect of Environmental Management Control Systems (EMCS) on greenwashing, and evaluates the moderating role of EMCS in the relationship between corporate governance and greenwashing among manufacturing companies in ASEAN-5 countries. This quantitative study employs secondary data obtained from manufacturing firms listed on the stock exchanges of Indonesia, Malaysia, Singapore, Thailand, and the Philippines during the 2022–2024 period. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4 software. A two-stage approach was applied to assess the moderating effect of EMCS. The findings reveal that corporate governance mechanisms collectively have a significant negative effect on greenwashing practices. However, among the governance dimensions examined, only board environmental expertise demonstrates a significant individual impact. EMCS is found to play a direct role in reducing greenwashing practices but does not significantly moderate the relationship between corporate governance and greenwashing. These results suggest the presence of decoupling and symbolic compliance, indicating that EMCS has not yet been strategically embedded within the board’s monitoring and decision-making processes. The study highlights the importance of enhancing board ESG competencies, integrating sustainability-based executive remuneration, strengthening EMCS implementation, and improving the quality of external sustainability assurance as effective mechanisms for mitigating greenwashing practices in ASEAN manufacturing firms.
Understanding QRIS Adoption in MSMEs Culinary Sector: Examining Technology Determinants and Behavioral Intention
This research looks into the factors that QRIS adoption of Micro, Small, and Medium Enterprises (MSMEs) in Purwokerto by examining the influence of perceived usefulness, perceived trust, user interface, and perceived ease of use on behavioral intention and its implications for the decision to use. The study addresses inconsistencies in previous digital payment adoption research by integrating technology-related and behavioral factors into a comprehensive model focused specifically on MSMEs. In a quantitative study, purposeful sampling was employed. manner, involving 166 MSME respondents who had an interest in using QRIS. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that perceived ease of use is the only factor that significantly influences behavioral intention, while perceived usefulness, perceived trust, and user interface do not show significant effects. Furthermore, behavioral intention has a strong favorable impact on the decision to use QRIS. These findings suggest that MSME adoption of digital payment technology is more strongly driven by operational simplicity and ease of learning rather than perceived benefits, trust, or interface quality. The research advances technological advancement adoption literature by demonstrating that the traditional assumption of the Model of Technology Acceptance, which positions perceived usefulness as the dominant determinant, is not fully applicable in the MSME context. In practical terms, the results indicate that digital payment providers and policymakers ought to give priority to system simplicity, user-friendly features, and digital education to increase QRIS adoption among MSMEs.
The Effect of Teaching Quality and Educational Facilities on Student Satisfaction (Case Study at Subulussalam Islamic Boarding School)
The objective of this research is to investigate the impact of teaching quality and educational facilities on student satisfaction at Subulussalam Islamic Boarding School. This research applies a numerical method with a relational/causal design to test the relationship between independent and dependent variables. Data were collected through the distribution of questionnaires to 72 students as participants using a Likert scale. In addition, observation, documentation, and literature review were carried out to strengthen the research data Data analysis was performed using multiple linear regression analysis in SPSS, starting with validity, reliability, and classical assumption tests. Research findings indicate that teaching quality has a positively and significantly impacts student satisfaction with a significance value of 0.002 < 0.05. Educational facilities also positively and significantly influence student satisfaction with a significance value of 0.001 < 0.05. Teaching quality and educational facilities simultaneously have a significant impact on student satisfaction, indicated with an F-test significance level of 0.000 < 0.05. The determination coefficient analysis shows that these two variables contribute 42.6% to student satisfaction, while the rest 57.4% is impacted by differet factors beyond this research. The findings of this research indicate that improving teaching quality and educational facilities is very crucial in enhancing student contentment and the standard of educational services at Subulussalam Islamic Boarding School.
Financial Performance and Firm Value: The Moderating Role of ISO 9001:2015 Tenure in Indonesian Non-Financial Firms
This study aims to analyze the effect of Return on Assets (ROA), Current Ratio (CR), and Debt-to-Equity Ratio (DER) on firm value, with the duration of ISO 9001:2015 certification (ISO tenure) as a moderating variable, among non-financial sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employs a quantitative approach using secondary data obtained from companies’ financial statements and ISO certification documents. The sampling technique utilized purposive sampling, involving 69 companies or 345 observations. Data analysis was conducted using panel data regression and Moderated Regression Analysis (MRA) with a Random Effects Model (REM). The results indicate that ROA has a positive and significant effect on firm value, whereas CR and DER do not have a significant effect. Furthermore, ISO tenure moderates the effect of ROA on firm value but does not moderate the effects of CR and DER. The novelty of this study lies in the use of the duration of ISO 9001:2015 certification as a moderating variable in the relationship between financial performance and firm value. These findings suggest that consistent implementation of a quality management system strengthens the impact of profitability on firm value growth.
The Effect of Risk Profile, Company Size, Profitability, Liquidity, and Leverage on Firm Value in Mining Companies Listed on the Indonesia Stock Exchange (IDX) in 2022–2024
This study aims to examine the effect of risk profile, firm size, profitability, liquidity, and leverage on firm value in mining companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The research employed a quantitative approach using secondary data obtained from corporate financial statements. The sample was selected through purposive sampling, resulting in 91 observations. Data were analyzed using multiple linear regression with IBM SPSS version 25. Prior to hypothesis testing, classical assumption tests were conducted, including normality, multicollinearity, autocorrelation, and heteroscedasticity tests. The findings reveal that risk profile has a negative and significant effect on firm value, indicating that higher corporate risk tends to reduce investors’ perceptions of firm value. Leverage has a positive and significant effect on firm value, suggesting that optimal debt utilization can enhance investor confidence and increase firm value. Meanwhile, firm size, profitability, and liquidity do not significantly affect firm value. The simultaneous test results indicate that all independent variables collectively influence firm value. The Adjusted R Square value of 0.116 indicates that the model explains 11.6% of the variation in firm value, while the remaining 88.4% is explained by other factors outside the model. These findings imply that risk management and financing structure play crucial roles in enhancing the value of mining companies.
Implementation of the Policy for Enhancing the Capability of Government Internal Supervisory Apparatus (APIP) at the Ministry of Population and Family Development/BKKBN
This study examines the implementation of the Government Internal Supervisory Apparatus (APIP) capability enhancement policy at the Ministry of Population and Family Development/National Population and Family Planning Board (Kemendukbangga/BKKBN) under BPKP Regulation No. 6 of 2025. A qualitative approach was employed using interviews, observations, and document reviews. The analysis was guided by George C. Edward III’s policy implementation framework, encompassing communication, resources, disposition, and bureaucratic structure. The findings indicate that policy implementation has generally followed the intended policy direction but has not yet achieved optimal results. Key challenges include limited policy dissemination, inadequate human and financial resources, insufficient supporting facilities, the absence of technical delegation of authority, and the lack of operational standard operating procedures. Conversely, positive commitment from APIP personnel, alignment between national and organizational policies, and the compatibility of APIP functions with policy objectives have supported implementation. This study further demonstrates that APIP capability enhancement is shaped not only by communication, resources, disposition, and bureaucratic structure, but also by the external strategic environment. Accordingly, it proposes an enhanced policy implementation model that extends George C. Edwards III’s framework by integrating empirical evidence from Kemendukbangga/BKKBN and incorporating the external strategic environment as an additional determinant of successful APIP capability enhancement policy implementation.
Hard Skills, Soft Skills, and Productivity: Determinants of Income Improvement Among Vocational Training Graduates
This study expands the understanding of the impact of hard skills, soft skills, and vocational training by moving beyond a narrow focus on technical abilities to include psychological and social dimensions while exploring the long-term effects on alumni income. It specifically aims to analyze how hard skills, soft skills, and vocational productivity training influence the income growth of alumni from the Balai Besar Pelatihan Vokasi dan Produktivitas (BBPVP) Bekasi. Utilizing a quantitative methodology, the research draws from primary data collected via questionnaires and secondary data from supporting documentation. The study population consists of all 2024 trainees who completed programs at Balai Besar Pelatihan Vokasi dan Produktivitas (BBPVP) Bekasi, with sampling determined by the Slovin formula. Partial data analysis was conducted using t-tests, revealing that hard skills significantly affect income growth with a calculated t-value of 4.600, exceeding the t-table value of 1.985. Similarly, soft skills partially influence income increases with a t-value of 5.901 against the 1.985 threshold, and vocational productivity training also shows a significant partial impact with a t-value of 3.893 compared to the t-table value of 1.985.
Analysis of the Implementation of Internal Control Based on COSO 2013 in the Service Payment Requirement Document Verification Process at PT PLN (Persero) UP3 Yogyakarta
This study aims to analyze the implementation of internal control based on the COSO 2013 framework in the verification process of service payment requirement documents at PT PLN (Persero) UP3 Yogyakarta and to examine its role in preventing potential irregularities in cash disbursements. This issue is important because service payment transactions involve company funds and require adequate control to ensure accountability, accuracy, and compliance with applicable procedures. The study employed a qualitative descriptive approach. Data were collected through in-depth interviews with relevant informants. The findings show that internal control has been implemented effectively through clear clear duties, layered verification, VIP systems, communication, and monitoring, ensuring accountable cash disbursement management. The Document verification prevents cash disbursement irregularities by reducing errors, fraud, and unauthorized payments.
Profit Sharing Principle: Philosophical and Practical Basis of Mudharabah and Musyarakah
This study examines the differences between mudharabah and musyarakah contracts and their implications for Islamic banking practices. Using a qualitative approach with a literature review method, the study analyzes data obtained from scientific journals, books, and related academic sources through descriptive and comparative analysis. The discussion focuses on key aspects of both contracts, including capital contribution, business management, profit-sharing mechanisms, and risk distribution. The findings indicate that mudharabah provides greater flexibility because business management is fully entrusted to the entrepreneur. However, this contract is more vulnerable to information asymmetry, moral hazard, and monitoring difficulties, which increase the level of financing risk. In contrast, musyarakah offers a more balanced partnership model through direct involvement of all parties in business management and decision-making, resulting in stronger control and more manageable risks. Consequently, musyarakah has become more widely applied in Islamic banking practices due to its stability and suitability for modern financing systems. The study also reveals a gap between the theoretical ideal of profit-sharing contracts and their practical implementation in Islamic financial institutions. Although mudharabah conceptually reflects a higher level of trust and partnership, its application remains limited because Islamic banks tend to prioritize financing models with lower operational risks. Meanwhile, musyarakah is considered more adaptable to contemporary banking needs due to its balance between profitability, supervision, and financial stability. Therefore, the study emphasizes the importance of strengthening supervision mechanisms, improving transparency, and developing innovative contract models to optimize the implementation of profit-sharing principles in the Islamic financial system.
The Role of Brand Trust in Mediating the Effects of E-WOM, Content Marketing, and Live Streaming on Generation Z Purchase Decisions on TikTok Shop
This study investigates the mediating role of brand trust in the relationship between Electronic Word of Mouth (E-WOM), content marketing, and live streaming on Generation Z purchase decisions on TikTok Shop in Bali. The study employed a quantitative approach involving 210 Generation Z consumers in Bali who had previously purchased products through TikTok Shop. Data were collected using an online questionnaire distributed via Google Forms and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLLS software. The results indicate that E-WOM, content marketing, and live streaming have positive and significant effects on brand trust and purchase decisions. Furthermore, brand trust significantly mediates the influence of E-WOM, content marketing, and live streaming on purchase decisions. Among the examined factors, live streaming demonstrates a strong contribution to enhancing consumer interaction and building brand trust. These findings highlight that online businesses can improve purchase intention and sales performance by strengthening brand credibility through positive customer reviews, engaging content strategies, and interactive live-streaming activities. This study contributes to social commerce and digital consumer behavior literature by emphasizing the strategic role of brand trust in shaping Generation Z purchasing decisions in digital marketplace environments.
The Influence of Fashion Lifestyle, Promotion, and Service Quality on Purchase Intention Among Consumers of the Giyomi Fashion Brand in Surabaya
This study aims to analyze the influence of fashion lifestyle, promotion, and service quality on purchase intention among consumers of Giyomi Fashion Brand Surabaya. This research employed a quantitative approach with an associative research design. The sampling technique used purposive sampling with a total of 112 respondents who were consumers of Giyomi Surabaya. Data were collected through questionnaires using a Likert scale and analyzed using multiple linear regression with SPSS. The results revealed that fashion lifestyle, promotion, and service quality simultaneously had a significant effect on purchase intention. Partially, fashion lifestyle had a positive and significant effect on purchase intention with a significance value of 0.005, promotion had a positive and significant effect with a significance value of 0.000, and service quality had a positive and significant effect with a significance value of 0.002. Among the independent variables, promotion was identified as the most dominant factor influencing consumers’ purchase intention. This study contributes to the development of consumer behavior studies in the local fashion industry, particularly regarding the role of fashion lifestyle, promotion, and service quality in influencing consumers’ purchase intention.
Analysis of the Income of Rina Bolo-Bolo Innovative Banana Commodity Culinary Business
This research aims to o analyze the income level and business viability of the “Rina Bolo-Bolo” culinary business in Palu City. The method used is a descriptive approach employing both qualitative and quantitative data collection techniques, including direct observation and documentation of production costs and monthly sales revenue. The results of the study show that the total production costs incurred per month amount to Rp2,925,458, with total revenue reaching Rp6,000,000, resulting in a net income of Rp3,073,542. An R/C Ratio of 2.05 indicates that every rupiah spent generates revenue of Rp2.05, indicating that Rina Bolo’s business is highly viable. Based on these findings, it can be concluded that Rina Bolo-Bolo’s business has very promising prospects and is worthy of development as a highly profitable sustainable micro-enterprise model.
The Role of Corporate Social Responsibility (CSR) through Foster Child and Achievement Scholarship Programs in Enhancing Employer Branding of A Nickel Mining Company in Indonesia among the Local Community of Sorowako
This study examines the perceptions of scholarship beneficiaries regarding the implementation of Corporate Social Responsibility (CSR) programs, specifically the Foster Child Scholarship (Beasiswa Anak Asuh) and Achievement Scholarship (Beasiswa Prestasi), and investigates their contribution to enhancing the Employer Branding of a nickel mining company in Indonesia among the local community of Sorowako. A qualitative phenomenological approach was employed, with data collected through semi-structured interviews with 15 informants comprising beneficiary parents, program facilitators, and internal company representatives. Thematic analysis was used to analyze the data. Findings reveal that beneficiaries hold positive perceptions of the CSR programs, which they regard as transparent, sustainable, and genuinely beneficial. The scholarship programs reduce educational costs, enhance student motivation and academic performance, and reflect the company's social commitment to the local community. Structured communication and program assistance foster trust and harmonious community relations. Furthermore, CSR education programs contribute to shaping a positive corporate image and strengthening a nickel mining company’s employer branding in Indonesia's. The company is perceived as socially responsible, education-oriented, and an attractive workplace, particularly for younger generations. Educational CSR programs thus function not only as social initiatives but also as strategic instruments for reinforcing Employer Branding.
Intention to Exaggerate in Online Reviews Among Social Media Users in Indonesia
This study examines the influence of Dark Personality Traits on the intention to exaggerate online reviews among Indonesian social media users. The study focuses on narcissism, machiavellianism, psychopathy, and moral disengagement in the context of organic social media reviews. Data were collected through an online questionnaire, resulting in 244 valid responses, and analyzed using PLS-SEM with SmartPLS 4. The results show that machiavellianism positively influences exaggeration intention, whereas narcissism and psychopathy do not have significant direct effects. However, all three Dark Personality Traits positively influence moral disengagement, which significantly increases the intention to exaggerate online reviews. Moral disengagement emerged as the strongest predictor, highlighting its role in facilitating information distortion. This study contributes to the literature on consumer ethics, digital marketing, and the Dark Triad in a collectivist, non-Western context. The findings also provide practical implications for businesses and social media platforms in improving review monitoring systems, strengthening digital ethics awareness, and maintaining the credibility of online review ecosystems.
The Influence of Online Reviews and Price Perception on Rocket Chicken Consumers' Purchase Decision, with the Perception of Halalan Thayyiban as a Mediating Variable
This study aims to analyze the influence of online reviews and price perception on purchasing decisions, with the perception of Halalan Thayyiban as a mediating variable, among Rocket Chicken consumers. The study employs a quantitative approach with a causal (cause-and-effect) design. The study sample consisted of 150 respondents selected using purposive sampling. Data were collected through a questionnaire using a five-point Likert scale and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4. The results indicate that online reviews and price perception have a positive and significant effect on Purchase Decision and Perception of Halalan Thayyiban. This suggests that halal status and product quality may be viewed as basic prerequisites (hygiene factors) by consumers. Furthermore, Perception of Halalan Thayyiban do not mediate the effects of online reviews or price perception on Purchase Decision. These findings suggest that Purchase Decision are more directly influenced by online reviews and price perception, rather than through perceptions of Halalan Thayyiban. This study implies that businesses need to focus on managing customer reviews and setting appropriate prices to enhance consumer Purchase Decision.
Determinants of Fraudulent Financial Statements: Evidence from Fraud Hexagon and Corporate Governance Mechanism as Mediator
This research investigates the impact of the Fraud Hexagon on financial statement fraud, utilizing corporate governance as a mediator. The research focuses on non-consumer cyclical manufacturers on the Indonesia Stock Exchange (IDX) from 2021-2024, involving purposive sampling. The test results show that Rationalization has a significant negative effect on Corporate Governance Mechanisms, while Ego has a significant positive effect; meanwhile, Pressure, Capability, Opportunity, or Collusion do not show a significant effect. Furthermore, regarding Fraudulent Financial Statements, Pressure, Capability, Rationalization, and Corporate Governance Mechanism were found to have a significant negative effect, while Opportunity had a significant positive effect; however, Ego or Collusion did not have a significant effect. The mediation test results indicate that Corporate Governance Mechanisms significantly mediate the effect of Ego in a negative direction and mediate the effect of Rationalization in a positive direction in Fraudulent Financial Statements; however, they do not mediate the effects of Pressure, Capability, Opportunity, and Collusion. These results validate that corporate governance effectiveness serves as a pivotal bridge between Fraud Hexagon elements and financial fraud. Nevertheless, as this research relies on structural metrics, further research is recommended to develop more substantive measures of governance that encompass the quality of implementation, ethical culture, and the effectiveness of oversight.
The Influence of Product Quality, Price, and Promotion on Product Purchase Decisions at AW Cosmetics Store
This study aims to analyze the effect of product quality, price, and promotion on purchasing decisions at Toko AW Kosmetik. The research employs a quantitative approach using a survey method. The population consists of all consumers of Toko AW Kosmetik, with samples selected through an accidental sampling technique. Data was collected through questionnaires that had been tested for validity and reliability. The data analysis techniques include classical assumption tests, multiple linear regression analysis, t-test, F-test, and coefficient of determination (R²). The results indicate that partially, product quality has a positive and significant effect on purchasing decisions. Price also has a positive and significant effect on purchasing decisions, indicating that the suitability of price with the benefits received is a primary consideration for consumers. Promotion is proven to have a positive and significant effect on purchasing decisions, where the intensity and attractiveness of promotional activities can increase consumer interest and encourage purchasing actions. Simultaneously, product quality, price, and promotion have a significant effect on purchasing decisions at Toko AW Kosmetik. The coefficient of determination shows that the independent variables explain a substantial proportion of the variance in purchasing decisions, while the remaining variance is influenced by other factors outside the research model. In conclusion, improving product quality, setting competitive prices, and implementing effective promotional strategies are key factors in increasing consumer purchasing decisions at Toko AW Kosmetik.
The Impact of Market Capitalization and Dividend Policy on Firm Value (A Study of Food and Beverage Companies Listed on the Indonesia Stock Exchange from 2019 to 2024
Firm value is an important indicator for investors in assessing corporate performance and future prospects. However, previous studies on the relationship between market capitalization, dividend policy, and firm value have produced inconsistent results. This study aims to examine the effect of market capitalization and dividend policy on firm value in food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2024 period. This study employed a quantitative explanatory approach using secondary data obtained from annual reports and the Indonesia Stock Exchange. A purposive sampling technique was applied, resulting in 18 companies as the research sample. Data were analyzed using multiple linear regression with SPSS Version 25. The results indicate that market capitalization has a positive and significant effect on firm value, while dividend policy has a positive but insignificant effect. These findings suggest that investors place greater emphasis on market valuation than on dividend distribution when assessing firm value. This study contributes to the corporate finance literature by providing updated empirical evidence on the determinants of firm value in Indonesia's food and beverage sector and offers practical insights for managers and investors.
The Influence of Work Environment and Workload on Nurses’ Performance in Inpatient Care Units
Improving the quality of hospital services is strongly associated with the performance of nurses, who play a vital role in delivering patient care and ensuring organizational effectiveness. Nurses’ performance is influenced by various factors, particularly the work environment and workload. A supportive work environment can enhance motivation, job satisfaction, and productivity, while a balanced workload enables nurses to perform their duties efficiently and maintain high standards of care. This study aimed to analyze the effects of the work environment and workload on the performance of nurses in the inpatient unit of Royal Prima Jambi Hospital, both individually and simultaneously. A quantitative research design was employed, involving 48 nurses selected as study participants. Data were collected through structured questionnaires and analyzed using multiple linear regression techniques. The findings revealed that both the work environment (X1) and workload (X2) had a positive and statistically significant effect on nurses’ performance (Y). These results indicate that improvements in workplace conditions and effective workload management contribute substantially to enhanced nursing performance. Furthermore, the coefficient of determination (R²) was 0.721, demonstrating that 72.1% of the variation in nurses’ performance could be explained by the combined influence of the work environment and workload, while the remaining 27.9% was attributable to other factors not examined in this study. The study highlights the importance of creating a conducive work environment and implementing appropriate workload allocation strategies to optimize nurses’ performance and improve the overall quality of healthcare services. These findings provide valuable insights for hospital management in developing policies aimed at strengthening workforce performance and service quality.
The Influence of Financial Literacy and Financial Technology on the Consumptive Behavior of University Students in Sintang Regency
This study investigates the influence of financial literacy and financial technology on the consumptive behavior students in Sintang. Adopting a structured quantitative research design, the study analyzes these economic phenomena through empirical hypothesis testing. To ensure data representativeness, a purposive sampling technique was applied to select 300 student respondents who met the predefined criteria, though it is acknowledged that this non-random sampling approach may limit the generalizability of the findings beyond the specific institutional and regional context examined. Data collection was conducted via questionnaire instruments that satisfied the rigorous standards for both validity and reliability. Ultimately, the analytical phase employed Partial Least Squares-Structural Equation Modeling (PLS-SEM) facilitated by the SmartPLS 4.0 software platform. The empirical findings indicate that financial literacy exerts a significant negative influence on the consumptive behavior of students (p-value = 0.000 < 0.05), thereby highlighting the critical role of financial competence in regulating and managing daily spending habits. In contrast, the structural analysis reveals that financial technology demonstrates a non-significant effect on student consumptive behavior, as supported by a p-value of 0.136, which clearly exceeds the established statistical significance threshold. While the sample size of 300 respondents is considered adequate for PLS-SEM analysis, caution should be exercised when generalizing these conclusions to students from different institutions, regions, or socioeconomic backgrounds.
Factors Affecting the Risk Level of Mudharabah and Musyarakah Financing on the Profitability Level at BSI KCP Tanjung Balai
The background of this research is that as is known, the main source of income at Bank Syariah Indonesia KCP Tanjung Balai comes from financing or fund distribution, if the financing provided is bad it will reduce the income or profitability that will be obtained by the bank. Banks must also pay attention to the distribution of funds to their customers as best as possible, because if the funds in the bank have not been distributed properly or the funds distributed by the bank are too large, it will likely affect the profitability or profits that will be obtained by the bank. In the financial reports published by the OJK and BI in 2021-2023, the NPF and FDR at BSI are increasing every year. A reasonable NPF should be a maximum of 5% and a maximum FDR of 85-100%, but the increase in NPF and FDR at BSI exceeds a reasonable value and this will likely affect the bank's profitability. The method used in this research is a quantitative method. The sample used was BSI KCP Tanjung Balai and was selected based on a purposive sampling method with observational data. Observations were conducted from 2021 to 2023. Data processing used the SPPS application and linear regression. The results of the study are from simultaneous testing (F test) with return on equity as the dependent variable also obtained a significance value of 0.000 or <0.05 which proves that factors from third party funds, financing to deposit ratio and non-performing financing simultaneously have a significant effect on return on equity (Profitability). This means that together third party funds, financing to deposit ratio and non-performing financing have a very high influence on the Risk Level of Mudharabah and Musyarakah Financing on the Level of Profitability at BSI KCP Tanjung Balai.
Determinants of Financial Distress in Food and Beverage Companies Listed on the Indonesian Stock Exchange
The research investigates the impact of financial ratios and macroeconomic factors on financial distress. Financial ratios are measured by profitability (ROA), liquidity (CR), and leverage (DER). Macroeconomic factors are measured by inflation and interest rates. This analysis uses secondary data from 71 food and beverage companies listed on the Indonesia Stock Exchange for the period 2021–2024, yielding 124 observations tested using descriptive statistics, panel logistic regression, odds ratios, and classification accuracy. Financial distress is measured in terms of the Altman Z-score, followed by hypothesis testing with Stata 17. Findings show a negative effect of profitability and interest rates on financial distress, and a positive effect of leverage. Furthermore, liquidity and inflation are not affecting financial distress. In this study, the novelty comes from utilizing macroeconomic factors as independent variables, thereby provides new insights into the roles of macroeconomics on financial distress.
Analysis of Domestic Resources in Robusta Coffee Farming in Pasuruan Regency Using the Domestic Resource Cost (DRC) Approach
Coffee is one of the strategic agricultural commodities that plays a vital role in the Indonesian economy, serving as a source of foreign exchange, a provider of employment, and a source of income for farmers. Pasuruan Regency is one of the major centers for Robusta coffee production in East Java Province and holds significant potential for further development. However, improving the competitiveness of Robusta coffee depends not only on product quality but also on the efficiency of domestic resource use in the production process. This study aims to analyze the efficiency of domestic resource use in Robusta coffee farming in Pasuruan Regency using the Domestic Resource Cost (DRC) approach. The study was conducted in Puspo and Tutur subdistricts, Pasuruan Regency, using purposive sampling. The data used included primary data obtained through interviews and questionnaires administered to Robusta coffee farmers, as well as secondary data from the Central Statistics Agency, the Directorate General of Plantations, and relevant literature. Data analysis utilized the Policy Analysis Matrix (PAM) method, focusing on the Domestic Resource Cost (DRC) indicator. The study results indicate that the DRC value for robusta coffee farming in Pasuruan Regency is 0.050. This value indicates that robusta coffee farming possesses a comparative advantage because the DRC value is < 1, meaning the use of domestic resources is economically efficient. Thus, Robusta coffee in Pasuruan Regency has the potential to be further developed as a leading regional commodity capable of competing in both domestic and international markets.
The Effect of Product Quality, Price Affordability, and Brand Equity on Porang Rice Purchase Decisions Through Halal Awareness as a Moderating Variable
This study aims to analyze the influence of product quality, price affordability, and brand equity on purchase decisions of porang rice through halal awareness in Central Jakarta. Porang rice is an alternative food product with high fiber and low calorie content that has the potential to support food diversification in Indonesia. However, consumer acceptance of porang rice is still relatively varied and influenced by several marketing factors as well as halal considerations. This research used a quantitative approach with a survey method. Data were collected through questionnaires distributed to consumers who had knowledge or experience purchasing porang rice in Central Jakarta using purposive sampling. The variables analyzed consisted of product quality, price affordability, and brand equity as independent variables, halal awareness as a moderating variable, and purchase decision as the dependent variable. Data analysis was conducted using Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) approach through SmartPLS software. The results showed that product quality, price affordability, and brand equity have a significant effect on purchase decisions. These findings indicate that marketing factors combined with halal awareness play an important role in influencing consumer purchasing decisions for porang rice in urban areas.
Persistent Non-Compliance in Construction Contracts: Comparative Insights from Capital Expenditure Audit Findings (2024-2025)
This study comparatively analyzes the determinants of non-compliance regarding physical volume shortages in capital expenditure construction contracts for Buildings/Structures and Roads/Networks/Irrigation for the 2024–2025 period in XYZ Regency. Employing a descriptive-comparative qualitative approach, this research integrates Agency Theory and the Theory of Planned Behavior (TPB) utilizing BPK RI audit reports (2025–2026) and SIPD-RI digital transaction logs. The results indicate that externally, contractors (agents) engage in adaptive moral hazard; Building project manipulations focus on spatial dimensions (hidden structure), whereas road projects exploit geographical distance (exposed structure). Internally, mitigation failures stem from officials' (principals') permissive attitude prioritizing formal handover documents (BAST) and curative recovery (STS), exacerbated by the end-of-year backloading effect in SIPD-RI that triggers control overload. This study recommends contract governance reconstruction through procurement scheduling reforms (early bidding), enhanced technical competence, and geospatial-based digital quality control.
The Effect of Local Original Revenue, General Allocation Funds, and Capital Expenditure on Regional Financial Independence (Case Study of Regency/City on the Coastal Line of Java Island 2020-2024)
Regional financial independence is an important indicator of the successful implementation of regional autonomy. However, the level of financial independence in most regencies and municipalities located in the coastal areas of Java remains relatively low due to their high dependence on transfers from the central government. This condition indicates the need to optimize regional revenue sources and manage expenditure effectively in order to strengthen regional fiscal capacity. This study aims to analyze the effects of Local Own-Source Revenue (PAD), the General Allocation Fund (DAU), and Capital Expenditure on Regional Financial Independence in regencies and municipalities located in the coastal areas of Java during the 2020–2024 period, both partially and simultaneously. This study employed a quantitative method with descriptive and verificative approaches. The data used were secondary data obtained from local government financial reports and publications issued by the Directorate General of Fiscal Balance (DJPK). The data were analyzed using panel data regression to examine the relationships between the independent and dependent variables. The results indicate that Local Own-Source Revenue has a positive and significant effect on Regional Financial Independence, whereas the General Allocation Fund has a negative and significant effect. Capital Expenditure has a positive effect on Regional Financial Independence. Simultaneously, PAD, DAU, and Capital Expenditure have a significant effect on Regional Financial Independence. The contribution of this study lies in providing empirical evidence regarding the factors that influence Regional Financial Independence in the coastal areas of Java, which have diverse economic and fiscal characteristics. The findings imply that local governments should optimize PAD, reduce dependence on central government transfers, and allocate Capital Expenditure to productive sectors in order to strengthen fiscal independence and support sustainable regional development.
The Effect of Environmental Performance on Firm Value with the Mediating Role of Financial Performance
This study examines the correlation between environmental performance and corporate value and examines the intermediary role of financial performance in banking companies quoted on the IDX for the duration of 2022-2024. This study is quantitative and Particularly employing panel data regression techniques via Eviews 12. Environmental performance is measured through the Global Reporting Initiative (GRI) G4 disclosure index, financial performance relies on Return on Assets (ROA), and firm value relies on Price to Book Value (PBV). The study findings reveal that environmental performance fails to significantly impact firm value. Environmental performance also fails to significantly impact financial performance, and financial performance fails to significantly effect firm value. Therefore, financial performance fails to facilitate the connection between the two. These findings indicate that sustainability practices in the banking sector have not yet become a focal point for market participants.
Budget Implementation Performance Indicators in Dual Institutional Roles: A Case Study of KPPN Yogyakarta as Work Unit and State General Treasurer
This study aims to analyze the most dominant Budget Implementation Performance Indicators (IKPA) and the factors causing differences in IKPA achievement based on the dual roles of KPPN Yogyakarta as a work unit and the State General Treasurer. This research employs a qualitative approach using interview data and secondary IKPA data from 2022–2025. The findings reveal that DIPA Page III deviation, budget absorption, and output achievement are the most influential indicators affecting overall IKPA performance. Differences in IKPA achievement between the two institutional roles are primarily driven by variations in managerial control, budget management complexity, and the characteristics of supervised work units. These findings indicate that IKPA performance is shaped not only by internal budget management quality but also by institutional role and governance structure. Therefore, efforts to improve IKPA achievement should prioritize strengthening budget planning, monitoring mechanisms, work unit supervision, and optimization of dominant performance indicators
The Influence of Psychological Contracts and Career Development on the Performance of State Civil Apparatus (ASN) Employees Moderated By Organizational Climate at University of Mataram
This study aims to analyze the influence of psychological contracts, career development, and organizational climate on employee performance at the University of Mataram. Employee performance, in the context of state universities, is not only influenced by structural and administrative aspects, but also by psychological factors, human resource development, and perceptions of the work environment. This study used a quantitative approach with a survey method, where data was collected through questionnaires distributed to educational staff at the University of Mataram. Data analysis was conducted using inferential statistical analysis techniques to test the relationship and influence between research variables. The results showed that psychological contracts, career development, and organizational climate had a positive and significant influence on employee performance. A fulfilled psychological contract increased employee commitment and responsibility to the organization. Career development that is systematically and sustainably designed contributes to the increased competency and work productivity. Meanwhile, a conducive organizational climate, characterized by good communication, leadership support, and cooperation among employees, plays a crucial role in shaping positive work behavior. The findings of this study imply that the University of Mataram needs to strengthen its human resource management policies oriented toward fulfilment of psychological contracts, fair and transparent career development, and creation of a supportive organizational climate. These efforts are expected to improve employee performance sustainably and support the achievement of the institution's strategic goals.
The Influence of Price and Promotion on Purchase Decisions at Manja Space Cafe, Sintang Regency
This study aims to analyze the influence of price and promotion on consumer purchase decisions at Manja Space Cafe, Sintang Regency. The sample consisted of 100 respondents selected through purposive sampling specifically, consumers above 18 years of age who make independent purchase decisions. The findings indicate that both price and promotion have a significant effect, either partially or simultaneously, on purchase decisions. The R² value of 80.7% indicates that promotion exerts a more dominant influence than price. These findings affirm the critical importance of implementing appropriate promotional and pricing strategies in driving consumer purchase decisions.
The Influence of Sustainable Omnichannel Operations on MSMEs’ Sustainable Performance: The Mediating Role of Big Data Analytics Capability and Dynamic Capabilities
This study examines the effect of Sustainable Omnichannel Operations (SOO) on Sustainable Performance (SP) among Micro, Small, and Medium Enterprises (MSMEs) in Indonesia through the mediating roles of Big Data Analytics Capability (BDAC) and Dynamic Capabilities (DC). A quantitative approach was employed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with data collected from 331 MSME owners and managers implementing integrated online and offline sales channels. The findings reveal that SOO positively and significantly affects BDAC, DC, and Sustainable Performance. In addition, BDAC positively influences both DC and Sustainable Performance and successfully mediates the relationships between SOO–DC and SOO–SP. However, Dynamic Capabilities were found to have no significant effect on Sustainable Performance and failed to mediate the relationships involving Sustainable Performance. These findings indicate that MSMEs’ sustainable performance is more strongly influenced by data-driven analytical capability than by organizational adaptability alone. This study contributes to the sustainable digital transformation literature by providing empirical evidence on the integrated relationships among SOO, BDAC, DC, and Sustainable Performance within the MSME context.
The Role of BKM Al-Huda in Managing Zakat al-Mal on Rice as an Instrument for Community Economic Empowerment in Hamlet III, Masjid Village, Batang Kuis District
Zakat is the third pillar of Islam, and Muslims are obliged to pay it in accordance with Islamic law. This article aims to examine the role of the Mosque Welfare Agency (BKM) Al-Huda in managing zakat mal padi (paddy zakat) as an instrument for community economic empowerment in Hamlet III, Masjid Village, Batang Kuis District, Deli Serdang Regency. This research employs a qualitative method with a descriptive approach. Data were collected through participatory observation, in-depth interviews, and documentation. The results indicate that zakat management by BKM Al-Huda plays a vital role in community empowerment by providing business capital assistance, infrastructure development, and mentoring programs to help the community improve their standard of living. The zakat distribution model applied transforms zakat from a consumptive to a productive instrument, with potential to elevate mustahiq (zakat recipients) toward economic independence.
The Influence of Brand Awareness and Word of Mouth on the Success of Dangdut Events
This study aims to analyze the influence of Brand Awareness and Word of Mouth (WOM) on the success of dangdut music events organized by Family’s Group in Depok City. The research employed a descriptive quantitative method with a causality approach. Data were collected through questionnaires from 110 respondents selected using purposive sampling, with the criterion that they had attended a Family’s Group event. Data analysis techniques included validity testing, reliability testing, classical assumption testing, and multiple linear regression analysis using statistical software. The results show that Brand Awareness has a positive and significant effect on event success, with a t-value of 8.151 and a significance level of 0.000. Word of Mouth also has a positive and significant effect, with a t-value of 13.138 and a significance level of 0.000, and it is the most dominant variable. Simultaneously, both variables significantly affect event success, with an F-value of 226.884 and a significance level of 0.000. The R Square value of 0.795 indicates that 79.5% of the variation in event success can be explained by Brand Awareness and Word of Mouth. This study confirms that strengthening brand identity and managing audience experiences that encourage positive recommendations are essential factors in the success of local entertainment events.
Corporate Governance, Profitability, and ESG Disclosure Quality: Evidence from Indonesian Consumer Non-Cyclical Companies
This study aims to analyse the effect of profitability on ESG disclosure quality using the share of independent commissioners as a moderating variable in Consumer Non-Cyclicals manufacturing companies listed on the Indonesia Stock Exchange (IDX). A quantitative explanatory approach was conducted utilising secondary panel data from 42 companies in the period 2021–2024, with a total of 167 observations from annual and sustainability reports. The analysis was performed using EViews 13, with a Moderated Regression Analysis (MRA) and a Random Effect Model (REM). The quality of ESG disclosure was examined using the GRI G4 index (91 items), profitability was measured using the Return on Assets (ROA), and corporate governance was measured using the proportion of independent commissioners. At 10% significance level, profitability has a substantial negative effect on ESG disclosure quality (β = −11,955.52; p = 0.073) and the proportion of independent commissioners also has a significant negative effect (β = −3,265.58; p = 0.068). The interaction variable has a positive quasi-moderating effect (β = 24,836.27; p = 0.051), which implies that corporate governance has a partial weakening effect on the negative influence of profitability on ESG disclosure quality. The low explanatory power of the model (Adj. R2 = 0.73%) indicates that other factors are also at play. Future research could extend the observation period, include more control variables such as business size, leverage and institutional ownership, and adopt more thorough governance proxies. Regulators are advised to enhance the substantive effectiveness of governance structures to achieve better quality ESG reporting in emerging markets.
Determinants of Student Investment Interest in the Capital Market
This study aims to analyze the influence of financial literacy, risk perception, social influence, technological advancement, and capital on student investment interest in the capital market. This study uses a quantitative approach with data collected through questionnaires. The population in this study consists of students from the Accounting Education study program at Universitas Negeri Semarang class of 2022, with a sample of 167 respondents selected using purposive sampling technique. Data processing and analysis in this study were conducted using SPSS version 27. The results show that financial literacy, risk perception, social influence, technological advancement, and capital have a positive and significant effect on student investment interest, both partially and simultaneously. These findings indicate that student investment interest is influenced by knowledge, risk perception, social environment, technological accessibility, and capital affordability. Therefore, efforts to increase student investment interest must be supported through financial education, risk awareness, social support, and the provision of accessible and affordable investment facilities.