bluuebunny/crossref_metadata_2025 huggingface dataset:
Hajj and Umrah Savings Financing: Study of Financing Model at PT Hannan Nusantara in the Perspective of Maqashid Sharia
Authors: Mawardi Imam , Rahmatika Arivatu Ni'mati
Published: February 2025

Indonesian people have a very high desire to perform worship and use Hajj and Umrah savings financing through a travel company, namely PT Hannan Nusantara. The goal of this paper is to examine the phenomenon of Hajj and Umrah financing, focusing on its alignment with maqashid sharia (the objectives of Islamic law) and maslahah mursalah (public benefit). This study uses a qualitative research method, namely research that produces findings without using statistical calculation procedures in analysis, in conducting qualitative research with a case study approach. The results of this study are There is no guarantee for participants so that financing problems that occur will harm one party, both the Institution and the participants. There is no responsibility for participants after death, because in the principles of Islamic economics, the heirs of the Hajj and Umrah pilgrims are responsible, then there is a misuse of PMA regulation number 8 of 2018 which should have taken the loan funds from A. Partners or Financial Institutions, but in this case PT Hannan Nusantara acquired the Hajj Savings Institution, ownership of PT Hannan Nusantara.
Dynamics of Intergenerational Poverty Transfer: The Impact of Poverty Levels, Education Levels, and Minimum Wages in West Sumatra
Authors: Suwatri Meriska , Bachtiar Nasri
Published: February 2025

Intergenerational poverty is a complex issue involving various factors, including education, unemployment, and minimum wages.  This study analyzes the impact of education levels, unemployment rates, and minimum wages on poverty rates in West Sumatra using multiple linear regression models. Secondary data from the Central Statistics Agency (BPS) and the Ministry of Finance during the period of 2021-2023 were used to analyze 19 districts/cities in West Sumatra. The results indicate that education levels and minimum wages significantly affect the reduction of poverty rates, while unemployment rates contribute positively to increasing poverty. This study provides policy recommendations to enhance the quality of education and adjust minimum wages to break the intergenerational poverty cycle in the region.
The Influence of Human Resource Quality and Motivation on Work Productivity at Daycare Al Muhajirin Rewwin
Authors: Fransisca Wati Dinda , Hidayat Rahmat
Published: February 2025

This study aims to analyze the influence of human resource (HR) quality and motivation on work productivity at Al Muhajirin Rewwin Daycare. The research adopts a quantitative approach with a survey design. Data were collected using a Likert-scale-based questionnaire completed by 50 parents of daycare children as respondents. The data were analyzed using Structural Equation Modeling Partial Least Squares (SEM PLS). The findings reveal that HR quality, measured through indicators of competence and expertise, and motivation, assessed through indicators of dedication, enthusiasm, and professionalism, significantly affect work productivity, measured by indicators of efficiency, effectiveness, and work outcomes. These results emphasize the importance of HR quality and motivation in creating a productive work environment in the early childhood education service sector. This study provides theoretical contributions to understanding the relationship between HR quality, motivation, and work productivity, particularly in the daycare context. Additionally, it offers practical recommendations for daycare managers to enhance HR quality and motivation through training programs, competency development, and fostering a work culture that promotes professionalism. The implications of this research are not only relevant to Al Muhajirin Daycare but also serve as a reference for other daycare operators aiming to improve work productivity through more effective and strategic HR management.
Determination of Financial Factors on Firm Value
Authors: Kurniawan Yogi Ade Tia , Hartono Ulil , Haryono Nadia Asandimitra
Published: February 2025

This study aims to analyze the impact of Liquidity, Solvency, Profitability, and Activity on Company Value in food and beverage manufacturing companies listed on the IDX for the 2019–2022 period. The research employs a quantitative, causal associative approach using secondary data from company financial statements. A purposive sampling method was used, resulting in a sample of 24 companies, and the data were analyzed using multiple linear regression. The results show that simultaneously, the independent variables influence Company Value. Partially, the Liquidity variable (proxies: current ratio, quick ratio, and cash ratio) significantly affects Company Value (PBV). For Solvency, the debt-equity ratio (DER) and long-term debt-equity ratio (LTDtER) significantly affect Company Value, while the debt-asset ratio (DAR) does not. In terms of Profitability, return on equity (ROE) and return on assets (ROA) have significant effects, but net profit margin (NPM) does not. Lastly, under the Activity variable, inventory turnover (PPe) significantly affects Company Value, while accounts receivable turnover (PPi) does not. These findings underscore the importance of financial performance metrics in describing a company’s ability to meet obligations, achieve profitability, and manage asset turnover. Such insights are valuable for companies in understanding how their financial performance impacts Company Value.
The Effect of Supply Chain Management and Machine Maintenance on Production Performance at CV Pabrik Tahu Sumedang
Authors: Berlyawan Ananda Lutfi , Hananto Djoko
Published: February 2025

This study aims to analyze the impact of Supply Chain Management (SCM) and machine maintenance on production performance at CV Pabrik Tahu Sumedang. In the food industry, production efficiency is a crucial factor in maintaining business sustainability and company competitiveness. SCM plays an essential role in ensuring the availability of raw materials, smooth distribution, and coordination among parties within the supply chain, thereby optimizing the production process. On the other hand, proper machine maintenance is necessary to maintain operational stability, reduce the risk of equipment failure, and enhance production effectiveness. This research utilizes a quantitative approach by conducting a survey and distributing questionnaires to 54 employees at CV Pabrik Tahu Sumedang. To ensure the reliability of the data, the analysis technique employed is multiple linear regression, starting with validity, reliability, and classical assumption tests. The implications of this study suggest that the company must continuously optimize supply chain management to minimize production constraints, such as delays in raw material supply and distribution inefficiencies. Additionally, the company should implement a more structured machine maintenance strategy, including preventive and corrective maintenance, to ensure machines operate in optimal conditions. By improving SCM and machine maintenance aspects, the company can enhance overall production performance, maintain competitiveness, and meet the growing market demand.
THE INFLUENCE OF LITERACY AND FINANCIAL INCLUSION ON INVESTMENT DECISIONS IN GENERATION Z IN MALAUSMA DISTRICT
Authors: Susanto Ari
Published: February 2025

The potential of the younger generation, particularly Generation Z, as investors is truly remarkable. With their advanced technological skills, they possess the ability to become key players in driving investment development in Indonesia. Achieving true financial inclusion is closely tied to financial literacy. This study investigates the influence of financial literacy and financial inclusion on investment decisions among Generation Z in the Malausma District of Indonesia. The data utilized in this study consists of primary and secondary data obtained through questionnaires and literature reviews. The sampling method employed was non-probability sampling with a purposive sampling technique. To determine the sample size, the Lemeshow formula was utilized, resulting in 97 respondents, which was rounded up to 100. The data analysis technique involved instrument testing (validity and reliability), multiple linear regression analysis, and hypothesis testing (t-test, f-test, determinant coefficient/R2) using the SPSS Version 25 application. The findings of this research indicate that both financial literacy (X1) and financial inclusion (X2), both individually and collectively, have a positive and significant impact on investment decisions (Y) among Generation Z in the Malausma District.
THE LINKAGE DER AND NPM PROXY AGAINSTS TAX AVOIDANCE IN MANUFACTURING FIRM’S LISTED
Authors: Desda Mia Muchia , Yuliza Mai , Mursalini Wahyu Indah , Endarwita Endarwita , Yurasti Yurasti
Published: February 2025

Taxes play a crucial role in a state's economy, serving as the primary source of revenue that enables government programs and infrastructure development. If tax revenues fall short of government targets, the intended objectives cannot be fully achieved. Indonesia, a country with significant natural resources and a strategic location, attracts both domestic and foreign businesses. However, tax compliance often conflicts with companies' goal to minimize tax expenses. This discrepancy leads to tax avoidance, where companies legally reduce their tax burden. This study aims to empirically examine the linkage of DER and NPM proxies with tax avoidance. Tax avoidance is measured using the cash effective tax rate (CETR) proxy. This causality study employs a quantitative research approach and involves twenty-one firms listed on the Indonesia Stock Exchange (IDX) during the 2016-2019 period, selected through judgment sampling. Panel data estimation is used in a regression model, with an estimation test conducted before hypothesis testing. The findings reveal that the DER and NPM proxies have a significant linkage with tax avoidance, both partially and simultaneously, contributing 87.38 percent. This study demonstrates that DER and NPM proxies can be used to identify tax avoidance practices in an empirical context, especially in Indonesia. Future research should consider case-study approaches to further enrich these findings.
PRODUCT DESIGN DEVELOPMENT TO INCREASE CUSTOMER ATTRACTION
Authors: Syam Agus , Amalia Syafira Ayu , Rakib Muhammad , Sudarmi Sudarmi , Nurhidayanti S.
Published: February 2025

Product development is a continuous endeavor for owners to enhance the level of consumer acceptance of their products. The introduction of new or updated products is a strategy employed by owners to thrive in a competitive market, where meeting consumer needs and increasing product value are crucial for business success. This study focuses on developing business products by identifying consumer expectations for Dapur Teras products, which are then refined using the Research and Development concept. The research methodology follows the ADDIE development model, encompassing Analysis, Design, Development, Implementation, and Evaluation stages. Data was gathered through a survey involving 30 customers who had purchased Dapur Teras products, and the findings were presented using graphs and tables. The results indicate that Product Quality, Product Taste, and Product Packaging significantly influence the success of Makassar City Terrace Kitchen products. The unique taste of terrace kitchen products provides a competitive edge, influencing consumer preferences and satisfaction levels.
THE INFLUENCE OF CAPITAL INTENSITY AND INDEPENDENT COMMISSIONERS ON TAX AGGRESSIVENESS
Authors: Fitriyah Fitriyah
Published: February 2025

Tax avoidance involves strategies aimed at reducing tax obligations, which can have an impact on both national revenues and corporate governance. Companies with high capital intensity tend to employ tax planning techniques that may lead to more aggressive tax positions. The presence of independent commissioners can provide impartial oversight, thereby improving governance and potentially discouraging aggressive tax practices. This research seeks to investigate the influence of Capital Intensity and Independent Commissioners on Tax Aggressiveness within the property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) between 2017-2021. Employing a quantitative approach, the study utilized purposive sampling to select 8 companies with 5 years of financial data, resulting in a total sample size of 40 samples that met specific criteria. Financial statement data was analyzed using various statistical tests, model estimation methods, and regression analyses. The findings suggest that both Capital Intensity and Independent Commissioners collectively impact Tax Aggressiveness, although individually they do not have a significant effect.
ANALYSIS OF THE RELATIONSHIP BETWEEN INDIRECT COSTS, BID PRICES, AND TIME PERFORMED BY SMALL CONTRACTORS IN SIDOARJO REGENCY
Authors: Zuhri Syaefuddin , Witjaksana Budi , Tjendani Hanie Teki
Published: February 2025

In each construction project, there are numerous essential project parameters, with cost being identified as the most critical factor due to its direct or indirect implications on every decision made. Cost holds significant importance for contractors, especially small contractors, who must strive to submit competitive bid prices while ensuring good construction quality and optimal time management. Therefore, it is imperative for small contractors to carefully evaluate indirect cost expenditures in order to achieve minimal costs without compromising on quality or project duration. This research delves into the correlation between indirect costs, bid prices, and time performance among small contractors in Sidoarjo. The study involves primary data processing and employs analytical methods, including multiple linear regression statistical analysis. The findings suggest that both indirect costs and bid prices have a notable impact on project duration, accounting for 52.4% of the variance in time performance.
THE INFLUENCE OF LEADERSHIP STYLE, COMMUNICATION AND MOTIVATION ON THE PERFORMANCE OF PASAMAN DISTRICT EDUCATION SERVICE EMPLOYEES
Authors: Sari Ria Widhia , Endarwita Endarwita , Yuliza Mai , Elondri Elondri
Published: February 2025

Employees are the backbone of any organization, and their performance directly impacts success. In the education sector, a well-functioning workforce is crucial for student achievement. Effective leadership, clear communication, and motivated employees are all thought to be important for strong performance in organizations. This study is looking into the effect on the performance of Pasaman Regency Education Service Employees of Leadership Style, Communication, and Motivation. 45 staff members from the Pasaman Regency Education Office made up the population of this research. This study sample applies the whole sampling method. Multiple linear regression was used to examine research data acquired by means of a questionnaire distribution approach. Research findings reveal that staff of Pasaman Regency Education Service perform significantly differently depending on their leadership style, partly. With a significance value of 0.551 > 0.05, communication has no appreciable effect on employee performance; motivation similarly has no appreciable effect on performance with a significance value of 0.112 > alpha 0.05. With a significance value of 0.000 alpha 0.05, Leadership Style, Communication, and Motivation concurrently significantly affect the Performance of Pasaman Regency Education Service Employees. From the Coefficient of Determination Test (R2), a value of 0.667 was obtained suggesting that Leadership Style, Communication, and Motivation contribute 66.7% to Employee Performance at the Pasaman Regency Education Office.
THE EFFECT OF USING E-COMMERCE, DIGITAL PAYMENT AND THE QUALITY OF ACCOUNTING INFORMATION SYSTEMS ON ENTREPRENEURIAL INTEREST
Authors: Sapitri Yulia , Wahyudi Ilham , Yudi Yudi
Published: February 2025

The integration of e-commerce, digital payments, and Accounting Information Systems significantly enhances entrepreneurial interest among students. These technologies provide accessible and efficient tools for starting and managing businesses, fostering a greater inclination towards entrepreneurship. This study aims to analyze the influence of e-commerce, digital payment, and the quality of Accounting Information Systems (AIS) on the entrepreneurial interest of accounting students from the 2020 cohort at the University of Jambi. A saturated sampling technique was employed, resulting in a sample size of 171 active accounting students. Data collection was conducted through an online questionnaire consisting of several relevant questions. The results of the study indicate that e-commerce, digital payment, and the quality of AIS significantly affect students' entrepreneurial interest. These findings suggest that a good understanding and skills in using digital technology and information systems can encourage students' interest in entrepreneurship. Likewise, improving students' proficiency in online business, digital transactions, and computerized accounting can substantially boost their enthusiasm for entrepreneurship. Such skill development may result in more students starting their own businesses, potentially stimulating economic expansion and helping to lower joblessness among recent graduates.
PROJECT RISK MANAGEMENT IN SECTOR PUBLIC (Lessons Learned from Indonesia)
Authors: Almira Aisyah , Nurkholis Nurkholis , Atmini Sari
Published: February 2025

This study examines the implementation of risk management in public sector infrastructure projects in Indonesia funded by the APBN. Using a qualitative approach and case study method, data were collected through in-depth interviews with stakeholders such as risk managers and risk management teams. The findings indicate that the main risks include land acquisition, design, contractual, and completion time risks. Although risk management is applied at every stage, the lack of documentation hampers the evaluation of its effectiveness. The guidelines provided by the Ministry of Public Works and Housing help accommodate the primary risks but require further adjustments. The urgency of implementing risk management is high to prevent delays and cost overruns. It is recommended to develop specific guidelines, enhance documentation, and conduct continuous training and active collaboration among stakeholders to improve risk management effectiveness and ensure the success of infrastructure projects.
QUINTUPLE HELIX IN PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS (Case Study – PPP’s Housing Project in Surabaya)
Authors: Apriani Karina , Sukoharsono Eko Ganis Sukoharsono , Adib Noval
Published: February 2025

The demand for suitable and economical housing is on the rise due to the fast-paced growth of population and urban development. An innovative solution has been suggested to address this challenge, known as the Public Private Partnership (PPP) scheme. This research analyses the implementation of the Quintuple Helix concept in the Public Private Partnership (PPP) project of Vertical Housing in Surabaya. Using a qualitative methodology with a case study, this research identifies the key roles of the government, private sector, academia, community, and the environment in the success of the project. The results show that the Quintuple Helix approach is effective in optimising the implementation of PPP projects, but there are potential conflicts of interest between the helix, especially in terms of rental fees and quality standards. This research provides recommendations to improve communication, coordination, and collaboration between helixes, as well as strengthen the role of academia and community participation.
EXPLORING THE EFFECTIVENESS ROLE OF BOARD CHARACTERISTICS ON FIRM PERFORMANCE: A STUDY IN A SAMPLE OF GCC
Authors: Husain Mohammed A.
Published: February 2025

The primary goal of this comparative study is to ascertain the relationship between the performance of firms in Bahrain and Oman and the selected corporate governance procedures. The structured methodology of the study combines a thorough literature review with empirical analysis to accomplish these research goals. A purposeful sample of listed firms in Bahrain and Oman is used to gather financial and governance data, which is then evaluated using regression analysis to test the hypotheses. The results of this study have significant implications for various stakeholders. Regulators can use the findings to create frameworks that support good corporate governance practices, contributing to economic stability and prosperity. Investors can benefit from understanding how specific governance methods impact businesses' financial success, enabling them to make informed investment decisions. Additionally, the report offers valuable guidance for companies operating in Bahrain and Oman on how to enhance corporate governance processes to improve financial results and ensure long-term viability. This comparative study aims to advance knowledge in the fields of corporate governance and company performance research, particularly in the contexts of Bahrain and Oman, by providing insights into the effects of CEO duality, board size, audit committee meetings, and risk management committee meetings on company financial performance.
ENHANCING BRAND LOYALTY AT UNIQLO: THE ROLE OF STORE ATTRIBUTES, CUSTOMER EXPERIENCES, AND ENGAGEMENT
Authors: Nurhaliza Salma , Indrawati Indrawati
Published: February 2025

There was a phenomenon of an increase in number of e-commerce users, mobile applications, and other digital technologies, most consumers still prefer to shop in offline stores for various reasons. The biggest factor for consumers choosing to shop offline, with the largest percentage of 62%, is the desire to physically inspect the goods. Retailers should enhance in-store experiences by implementing responsive and innovative store attributes. This research aims the impact of store attributes on brand loyalty, with customer engagement as mediating variables. Using a quantitative, causal-descriptive analysis, data was collected from 280 qualified respondents through purposive sampling. The study employs Structural Equation Modeling (SEM) based on Partial Least Square (PLS) analysis using Smart-PLS 3.0 software. Results indicate a positive and significant influence of merchandise, transaction convenience, loyalty program and customer engagement on brand loyalty. It also shows that customer experience and engagement mediate the relationship between store attributes and brand loyalty. The model explains 42% of the variance in Uniqlo's brand loyalty, which falls into the moderate category.
EXPLORING THE ROLE OF BRAINSTORMING IN ENHANCING AUDIT QUALITY
Authors: Lase Hofandrik , Pradipta Arya , Siahaan Magda
Published: February 2025

The objective of this study is to investigate the impact of brainstorming on audit quality, while taking into consideration factors such as audit tenure, accountability, and auditor competence. This paper is descriptive and uses a quantitative approach, using primary data, namely 211 auditors who work at the Public Accounting Firm in Jakarta, Indonesia. Purposive sampling is utilized in the sampling method, with information being gathered through a survey and then analyzed through the Partial Least Square approach. Audit tenure, accountability, auditor competency, and brainstorming positively affect audit quality. Meanwhile, brainstorming strengthens the influence of accountability on audit quality, although it cannot moderate audit tenure and auditor competency on audit quality. Brainstorming cannot be separated from the culture and environment of the client company or auditor's office, so the auditors' underlying behavior patterns should be upgraded to improve the audit quality. It is still rare for the authors to find that brainstorming moderates the influence of external auditors' professionalism on audit quality.
IMPACT OF ECONOMIC GROWTH AND GOVERNMENT SPENDING POLICIES ON CO2 EMISSIONS IN SOUTH SULAWESI: REGRESSION ANALYSIS AND EKC
Authors: Aziz Sunu Kun , Romadhon Ahmad , Handoyo Eko
Published: February 2025

In making effective policy responses to climate change, it is necessary to understand the mechanisms that influence CO2 emissions, given that it is becoming a more urgent global issue. This research investigates how economic growth is affected by the amount of government investment in environmental initiatives, and CO2 emissions in South Sulawesi, Indonesia, using a multiple linear regression and the Environmental Kuznets Curve (EKC) approach. By analyzing secondary data from 2018 to 2022, including Gross Regional Domestic Product (GRDP) per capita, government expenditures on climate change adaptation and mitigation, and CO2 emissions, the research assesses how economic and policy actions impact environmental results. The results reveal that while economic growth significantly increases CO2 emissions, government spending on climate-related activities substantially reduces emissions. However, the EKC model does not provide evidence for the theory that there is a curvilinear relationship between economic growth and CO2 emissions in the area. The results emphasize the importance of government interventions aimed at reducing the environmental effects of economic activities and emphasize the necessity of wisely distributing public funds towards achieving sustainable development goals in South Sulawesi.
THE EFFECT OF TRANSFORMATIONAL LEADERSHIP, MOTIVATION FOR ACHIEVEMENT, AND JOB SATISFACTION ON CIVIL SERVANTS’ INNOVATION BEHAVIOR IN THE MERAUKE REGENCY GOVERNMENT
Authors: Yustiono Trio Rendra , Asnawi Meinarni , Adji Sandra Sukmaning
Published: February 2025

The Merauke Regency Government has a mandate to continue to improve public service innovation. However, budget limitations, the availability of supporting infrastructure, and the lack of skilled human resources are the main obstacles in implementing innovation behavior within the Merauke Regency Government. According to the literature, several factors affect innovation behavior in an organization. This study seeks to analyze the influence of transformational leadership style, motivation for achievement, and job satisfaction on innovation behavior in civil servants within the Merauke Regency Government. With data from 114 civil servants in the Merauke Regency Government processed with SEM-PLS, this study found that transformational leadership and job satisfaction had a positive and significant effect on the innovation behavior of civil servants in the Merauke Regency Government, while motivation for achievement had no significant effect. Based on these results, the proposed policy recommendations are to increase transformational leadership and job satisfaction within the Merauke Regency government.
ANALYSIS INFLUENCE OF EFFECTIVENESS AND EFFICIENCY LOCAL ORIGINAL INCOME ON REGIONAL FINANCIAL INDEPENDENCE IN MAPPI REGENCY
Authors: Legoh Valentino Febrian , Rahayu Heffi Christya , Geraldina Ira
Published: February 2025

The regional autonomy in Mappi Regency shows a need for good governance, especially in financial management. The government is trying to increase financial independence, but still relies heavily on the central government. This highlights difficulties in generating enough revenue and managing the budget effectively. This study was conducted with the aim of discussing the Influence of the Effectiveness and Efficiency of Local Original Revenue on Regional Financial Independence in Mappi Regency. The method used is a quantitative approach. The population of this research is financial reports Mappi District Regional Government complete from 2014 to 2023. The sampling technique used is purposive sampling. This study was designed with a causality method because it seeks the influence of cause and effect of several variables developed from a theory. Furthermore, it was analyzed using the Structural Equation Modeling (SEM) technique. The results of this study indicate that regional tax efficiency has a positive impact on Locally-generated revenue, The effectiveness of regional taxes has a positive impact on Locally-generated revenue, Locally-generated revenue has a positive impact on Regional Independence, Regional tax efficiency has a positive impact on Regional Independence through Locally-generated revenue as a mediating variable, the effectiveness of regional taxes has a positive impact on regional independence through Locally-generated revenue as a mediating variable. The Mappi Regency Regional Government should focus on managing their budget to improve community welfare, which will ultimately lead to increased regional independence. A prosperous community will boost economic growth and generate more revenue locally.
THE EFFECT OF CYBERLOAFING ON PERFORMANCE MODERATED BY WORK PROCEDURES AND SELF-CONTROL
Authors: Hatala Rahmawati M. , Kistyanto Anang , Witjaksono Andre Dwijanto
Published: February 2025

In today's digital era, cyberloafing which refers to surfing the web for personal reasons during work hours is a major workplace issue. A policy was put in place at XYZ Agency in July 2024 to control internet usage and curb cyberloafing. The policy is meant to boost productivity, but its impact is still uncertain. Even with the policy, some employees continue cyberloafing on personal internet connections, leading to concerns about its effect on their work performance and how self-control and work procedures play a role in this behavior. This study seeks to investigate the impact of cyberloafing on productivity, influenced by levels of self-discipline and workplace protocols. Employing a quantitative method, the research involved 100 participants from the XYZ Agency. Utilizing Smart PLS 3.0 software, the data was examined to ascertain connections between different factors. The results indicated that cyberloafing had a notable, albeit modest, positive effect on performance measures within this study, with a coefficient of 0.161. Workplace procedures, acting as a moderating element, were found to have a detrimental impact on the correlation between cyberloafing and employee productivity. However, self-control was not found to significantly alter or moderate the link between cyberloafing and job performance.
The Effect of Accounts Receivable and Inventory on Profits in Large Trading Subsector Companies Listed on the Indonesian Stock Exchange in 2017-2021
Authors: Juwita Amelia , Mursalini Wahyu Indah , Nurhayati Nurhayati , Hendrayani Eka
Published: February 2025

The main aim of this study is to investigate how accounts receivable and inventory influence the profitability of companies in the Large Trade subsector that are listed on the Indonesia Stock Exchange between 2017 and 2021. A total of 47 companies were examined in this research, with 16 companies chosen for the sample using purposive sampling. Quantitative data was employed for the analysis. The results indicated that there was no significant relationship between accounts receivable and profits, as the t-value of -0.154 was found to be lower than the t-table of 1.771, with a significance level of 0.878 > 0.05. Hence, the theory concerning accounts receivable was disapproved in this investigation.   Conversely, stock was discovered to have a considerable effect on earnings with a t-value of 1.830, surpassing the t-table of 1.771, and significance level of 0.032 < 0.05, leading to the affirmation of the theory concerning inventory. Additionally, upon inspecting both accounts receivable and inventory together, there was a notable combined impact on earnings, as indicated by an F-value of 1.719 > F-table 1.611 and a significance of 0.018 < 0.05. Consequently, the hypothesis pertaining to the simultaneous influence of both variables on profit was acknowledged. The research equally found that about 23% of the variability in profit can be clarified by accounts receivable and inventory, whereas the other 77% is affected by unexplored factors like earnings manipulation, stock prices, and financial management proficiency.
The Effect of Sustainable Finance, Intellectual Capital, and Investment Opportunity Set on Financial Performance
Authors: Indriani Saskia , Setiany Erna
Published: February 2025

The objective of this research is to examine the impact of sustainable finance, intellectual capital, and investment opportunity on the financial performance of 34 banking firms listed on the Indonesia Stock Exchange. Data from the years 2018 to 2022 were utilized for this study. Purposive sampling was employed as the sampling method. The required data was gathered from annual reports accessible on the websites of the respective companies. Panel data regression was utilized for data analysis. The initial hypothesis testing revealed that sustainable finance did not notably impact the financial performance of banking firms listed on the Indonesia Stock Exchange. Contrarily, the subsequent tests showed that environmental performance and investment opportunity set had a beneficial and significant influence on the financial performance of these banking companies.
Can Central Government Transfer Funds Reduce Poverty in Aceh Province?
Authors: Sari Yunidar Purnama , Bachtiar Nasri
Published: February 2025

This study aims to determine the effect of central government transfer funds to regions on poverty in Aceh Province. The analytical method used in this research is the panel regression analysis method. The data used include general allocation funds, specific allocation funds, revenue-sharing funds, and poverty levels, published by the Ministry of Finance of the Republic of Indonesia and the Central Bureau of Statistics (BPS) for the districts/cities in Aceh Province from 2020 to 2023. The results of this study indicate that the General Allocation Fund (DAU) has a positive impact on poverty levels, while the Specific Allocation Fund (DAK) and Revenue Sharing Fund (DBH) have a negative impact on poverty in Aceh Province. Regional governments need to allocate the DAU not only for routine expenditures but also for productive programs focused on poverty alleviation, such as infrastructure, education, and health. Strengthening DAK and DBH programs is also essential for community empowerment in productive sectors and basic infrastructure to improve access and economic opportunities for the poor. Strict oversight of the use of DAU, DAK, and DBH is necessary to ensure funds are used in a targeted manner, avoiding projects with minimal impact. Additionally, regional self-reliance in optimizing Local Revenue (PAD) should be encouraged so that regional governments have greater flexibility in implementing poverty alleviation programs according to local needs.
The Impact of Social Media Marketing Elements on Consumer Brand Engagement, Brand Awareness, and Brand Image
Authors: Rosdiana Annisa , Indrawati Indrawati
Published: February 2025

This study explores the influence of social media marketing (SMM) elements—entertainment, customization, interaction, electronic word-of-mouth (eWOM), and trendiness—on consumer-brand engagement and brand image. Using an online survey, data were gathered from 273 Instagram followers of @officialgamboeng in Indonesia, who had consumed Gamboeng tea products within the past three months. Partial least squares structural equation modeling (PLS-SEM) was applied to analyze the relationships between SMM elements, consumer-brand engagement, brand awareness, and brand image. The findings reveal that trendiness significantly enhances consumer-brand engagement, boosting brand awareness and brand image. However, customization shows no notable impact on consumer-brand engagement. As this study is cross-sectional and focuses on a single local tea brand, its findings may have limited applicability to other contexts. Future research could extend the study to multiple brands and regions to enhance generalizability. Practical recommendations include creating content that educates consumers about Gamboeng's unique qualities, such as ingredient quality and production processes, and leveraging diverse social media platforms like TikTok and Threads. Strengthening the brand's story by emphasizing its values and history could further enhance consumer recognition and retention. Marketers can improve consumer-brand engagement by generating trendy content, fostering interaction, and encouraging positive eWOM. These efforts can strengthen brand associations and consumer loyalty. This study contributes to branding literature by highlighting the critical role of trendiness in brand-building and reaffirming social media as an effective channel for engaging consumers and promoting brand knowledge.
Measuring Economic Contribution and Per Capita Income Disparities in Indonesia Using the Theil Index
Authors: Ammar Zul , Bachtiar Nasri
Published: February 2025

This study aims to analyze economic contribution and per capita income disparities among provinces in Indonesia using the Theil Index method. The results indicate that the total economic contribution disparity among provinces has a value of 2.2716, with the intra-island disparity (Tintra) component accounting for 1.4919 and the inter-island disparity (Tinter) component accounting for 1.2237. Meanwhile, the analysis of per capita income disparity shows a Total Theil Index of 0.8520, with the Tintra component accounting for 0.8384 and the Tinter component accounting for 0.0136. These findings highlight that intra-island disparities play a more dominant role than inter-island disparities. Therefore, policies focused on equitable infrastructure development in remote areas and the acceleration of development in eastern Indonesia are essential to reduce these disparities. This study also recommends that further research should be conducted to explore the factors contributing to these disparities.
The Impact of the Non-Cash Food Assistance (BPNT) Program on Household Welfare in Indonesia
Authors: Suwatri Meriska , Handra Hefrizal , Yonnedi Efa
Published: February 2025

One of the government’s steps to address poverty through food security is the launch of the Non-Cash Food Assistance (BPNT) program. This study evaluates the impact of the Non-Cash Food Assistance (BPNT) program on household welfare in Indonesia. Utilizing logistic regression analysis and data from the 2017 National Socio-Economic Survey, the research reveals that participation in the BPNT program has a significant negative effect on household welfare. Recipients of BPNT are 8.366% less likely to achieve prosperity compared to non-recipients. This outcome underscores the need to address additional factors influencing welfare, such as education, employment opportunities, and access to social services. While the BPNT program effectively provides food assistance, its design and implementation require improvements to better support recipients in overcoming economic challenges. Enhancing the program's scope and efficiency is essential for achieving its objective of sustainable poverty alleviation and improving welfare outcomes for vulnerable households in Indonesia.
The Moderating Role of Social Media Marketing and the Effect of Price Perception and Brand Identity on Purchase Intention Through Perceived Value as a Mediator Variable at Carina Florist in Surabaya City
Authors: Amelia Azarine Nahdah , Halik Abdul , Budiarti Endah
Published: February 2025

This study aims to analyse the effect of perceived price and brand identity on purchase intention with perceived value as a mediating variable and social media marketing as a moderating variable at Carina Florist in Surabaya City. A quantitative approach with an explanatory type of research was used in this study. Data collection was carried out through online questionnaires to the people of Surabaya City using probability sampling techniques. Data analysis using the Partial Least Square (PLS) method with SmartPLS software. The results showed that perceived price and brand identity have a significant influence on perceived value. In addition, perceived price and perceived value also have a significant effect on purchase intention. However, brand identity has no significant effect on purchase intention, and social media marketing does not moderate the relationship between perceived value and purchase intention. The study's conclusions highlight the importance of pricing strategies, perceived value reinforcement, and social media marketing optimisation to increase purchase intentions at Carina Florist.
Navigating Financial Behavior
Authors: Zahro Mar’atus , Rahayu Rika , Triyonowati Triyonowati , Suhermin Suhermin , Suryawirawan Okto Aditya
Published: February 2025

In Indonesia, numerous young retail investors exhibit a lack of adequate financial knowledge and comprehension of investment fundamentals, potentially resulting in suboptimal investment choices and heightened financial exposure. This research seeks to examine how financial literacy, herding, risk perception, and attitude toward investment can enhance the decision-making process for students in investments, enabling them to make more educated and self-assured selections in financial markets. The study employed non-probability purposive sampling, involving 84 Generation Z participants. Data analysis was conducted using Partial Least Square (PLS) via SmartPLS. The findings reveal that financial literacy positively and significantly influences investment decision-making. Conversely, herding does not have a substantial impact on investment choices. Risk perception demonstrates a significant negative effect on investment decision-making, whilst attitude towards investment shows a significant positive influence. The study also found that attitude towards investment does not mediate the relationship between financial literacy and investment decision-making, nor does it mediate the impact of risk perception on investment decisions. However, it does mediate the influence of herding on investment decision-making. These outcomes contribute to a more comprehensive understanding of how each antecedent variable affects the decision-making processes of Generation Z students, offering valuable insights for educators, policymakers, and financial institutions aiming to improve investment education and support for young investors.
Investment Decisions of Generations Y and Z With Financial Literacy as a Moderation Variable in the Era of Digitalization
Authors: Desda Mia Muchia , Yuliza Mai , Satriadi Satriadi , Desiyanti Rika , Febianni Valen , Dini Dini
Published: February 2025

Digital investment platforms have made various investment instruments increasingly accessible to younger generations in Indonesia, yet concerns persist about how financial literacy levels impact investment decision-making. This study aims to analyze the influence of financial literacy on investment decisions among Generation Y (millennials) and Generation Z in Indonesia, with financial literacy serving as a moderating variable. The research employed a quantitative approach through a survey of 300 respondents from both generations. Analysis of the data revealed that financial literacy significantly influenced investment decisions, with individuals possessing higher financial literacy demonstrating more measured and information-based investment choices compared to those with lower literacy levels. These findings have important implications for financial institutions, policymakers, and educational institutions in developing targeted financial education programs and risk management strategies for young investors. Based on these findings, this study recommends strengthening financial education initiatives for Generations Y and Z to promote more rational investment decision-making in the digital era.
The Influence of Leadership Style, Communication, and Competence on the Work Spirit of Employees in the Fisheries and Food Service of Pasaman Regency
Authors: Endarwita Endarwita , Sari Ria Widhia , Yurasti Yurasti
Published: February 2025

This study examines the influence of leadership style, communication, and competence on employee work spirit at the Pasaman Regency Fisheries and Food Service. The study population included 33 individuals from the mentioned department. The sampling method used in this research was total sampling. Data was gathered through interviews and questionnaires, and analyzed using multiple linear regression. The findings revealed that leadership style significantly affects employee work spirit (p=0.013<0.05), while communication showed no significant impact (p=0.177>0.05). Employee competence demonstrated a significant effect (p=0.040<0.05), and collectively, all three variables showed a significant influence on work spirit (p=0.003<0.05). The coefficient of determination (R²=0.611) indicated that these variables account for 61.1% of the variance in employee work spirit. These findings underscore the importance of effective leadership and competence development in enhancing employee work spirit within public service organizations.
Influence Quality of Service, Taxpayer Knowledge and Taxpayer Awareness Towards Taxpayer Compliance
Authors: Kholagi Helmi Faisal , Hidayah Nurul
Published: February 2025

This study examines the factors influencing tax compliance among small and medium-sized enterprises (MSMEs) in West Jakarta. The research analyzes three key factors: quality of tax services, taxpayer knowledge, and taxpayer awareness. Using a quantitative approach, primary data was collected through online questionnaires distributed via Google Forms to 135 MSME taxpayers in West Jakarta. The data was analyzed using the Partial Least Square (PLS) method. The findings reveal that both taxpayer knowledge and awareness have significant positive effects on tax compliance. Specifically, taxpayers with better understanding of tax payment procedures and those with higher awareness of their tax responsibilities demonstrate increased compliance levels. These results align with previous research that established positive relationships between taxpayer knowledge, awareness, and compliance. Notably, the study found that service quality has no significant impact on taxpayer compliance, suggesting that the level of tax services does not influence taxpayers' willingness to fulfill their obligations. These findings contribute to the understanding of tax compliance behavior among MSMEs and have implications for tax policy and administration.
CRIMINAL LEGAL PROTECTION FOR MEDICAL PERSONNEL IN THE RESOLUTION OF MEDICAL DISPUTES
Authors: Sutanto Yosef Stefan
Published: February 2025

Medical disputes are a prevalent issue in medical practice, significantly affecting trust between medical personnel and patients. Moreover, the fear of legal repercussions often places medical professionals in ethical quandaries when making critical medical decisions. Therefore, ensuring adequate criminal law protections for medical personnel is essential to enable them to work with peace of mind and concentration. This research explores various forms of criminal law protection for medical personnel in managing medical disputes in Indonesia. Employing the judicial normative analysis method, it primarily examines Law No. 17 of 2023 on Health, supplemented by relevant literature and legal documents. Data collection involves analyzing legal texts and pertinent literature, using qualitative data analysis techniques. The study confirms that Law No. 17 of 2023 offers crucial legal safeguards for medical personnel, including the presumption of innocence, liability limitations, and equitable legal procedures. The Indonesian Medical Discipline Honor Council (MKDKI) plays a pivotal role in distinguishing between disciplinary and legal breaches, providing appropriate procedural frameworks. The establishment of the Indonesian Honor Council Mediation and Arbitration Institute (LMA-MKI) proves effective in resolving medical disputes through mediation and arbitration, promoting open communication, mutually beneficial solutions, and safeguarding confidentiality.