International Journal of Economics Development Research (IJEDR)

Analyzing the Economic Impact of Marketing Mix Strategies on Entrepreneurial Resilience

Machda Citra Nabila Syah — 2025-10-30

In this study, This study aims to examine the marketing mix strategies and entrepreneurial challenges faced by UMKM Warung_Nasii. The research employs a qualitative approach using phenomenological methods to explore the subjective experiences of business actors in depth. Data were collected through in-depth interviews with the business owner and supporting informants, as well as direct observation of business activities at the outlet and during Car Free Day events. The findings reveal that the 7P marketing mix strategies (product, price, place, promotion, people, process, and physical evidence) are applied adaptively by Warung_Nasii in responding to the dynamics of the culinary market. Product variations are achieved through menu innovation, pricing strategies are adjusted to consumer purchasing power, location strategies combine permanent outlets with participation in CFD events, and promotion is carried out through social media and direct customer interaction. However, the study also identifies several significant challenges, such as limited capital, fluctuations in raw material prices, increasingly intense business competition, limited human resources, and operational time management. From a phenomenological perspective, these challenges are not merely obstacles but also shape adaptive strategies that strengthen business resilience. This research contributes to the development of MSME marketing strategy literature by providing empirical insights into the application of the marketing mix alongside the dynamics of entrepreneurial challenges. The findings are expected to serve as a reference for other culinary MSMEs in formulating innovative, contextual, and sustainable marketing strategies.

Aligning Measures of Poverty: An Econometric Exploration of MPI-Income Mismatches in ASEAN (2019–2024)

Fajar Hanung Basworo — 2025-10-30

This study investigates the mismatch between income poverty and multidimensional poverty (MPI) across six ASEAN countries: Indonesia, Cambodia, Laos, Philippines, Thailand, and Vietnam, over the 2019–2024 period. It explores the determinants of mismatch and the influence of specific deprivation indicators using a comprehensive set of econometric approaches. Combining descriptive trends with panel data analysis (OLS), PCA-based classification, ridge regression, and logit/probit models, the research draws from the Global MPI datasets and income poverty estimates to assess both cross-country and within-country dynamics. The findings reveal persistent mismatches: while income poverty shows consistent declines, MPI remains high in several countries due to sustained deprivations, particularly in living standards and education. PCA confirms the multidimensional structure of poverty, and binary choice models highlight the most significant contributors to mismatch. Countries like Cambodia face pronounced mismatches, while Indonesia and Vietnam exhibit better alignment between income and MPI. The study emphasizes the limitations of relying solely on income measures and advocates integrating MPI into national poverty strategies. By highlighting hidden deprivations, the research offers novel insights and actionable recommendations for improving the accuracy and inclusivity of poverty targeting mechanisms in the ASEAN region.

The Effect of Earnings Management and Inventory Intensity on Tax Aggressiveness with Independent Commisioners as Moderating Variables

Sri Ayem — 2025-10-30

This study aims to determine the effects of earnings management and inventory intensity on tax aggressiveness, with independent commissioners as a moderating variabel. Taxation issues arise due difference in tax perceptions between companies and the government, resulting in tax aggressiveness where companies consider taxes to be a burden and therefore attempt to develop both legal and illegal strategies to avoid taxes, while the government considers taxes to be state revenue. This research is a quantitative study focusing on manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2021-2024. The method used in this study is multiple linear regression analysis using SPSS software. The results show that earnings management and inventory intensity simultaneously have a positive effect on tax aggressiveness. In addition, independent commissioners can positively influence the effect of earnings management on tax aggressiveness and are unable to moderate the effect of inventory intensity on tax aggressiveness. this research uses the most recent data and adds a moderating variable, namely independent commissioners, which are expected to strengthen and weaken the influence of earnings management and inventory intensity on tax aggressiveness.

Economic Financial and Sustainability Drivers of Firm Value: The Moderating Role of Dividends in Southeast Asia’s Oil, Gas, and Lubricant Sector (2021–2024)

Agnes Prety Sinta Yuliana — 2025-11-01

This study examines the economic influence of financial performance and sustainability performance on firm value, with dividends serving as a moderating variable, in oil, gas, and lubricant sub-sector companies across Southeast Asia during the 2021–2024 period. A quantitative causal research design was employed, utilizing secondary data derived from annual and sustainability reports of publicly listed companies in Southeast Asian stock exchanges. The sample comprises 18 companies selected through purposive sampling. The variables analyzed include financial performance (Return on Assets/ROA), sustainability performance (Environmental, Social, and Governance/ESG Score based on the 2021 GRI Standards), firm value (Price to Book Value/PBV), and dividends as a moderating variable. Data were analyzed using Moderated Regression Analysis (MRA) with SPSS version 26. The findings reveal that financial performance initially shows no significant effect on firm value; however, after the inclusion of dividends as a moderating variable, the effect becomes significant and negative. Sustainability performance (ESG Score) demonstrates a positive and significant influence on firm value before moderation, but this relationship loses significance once dividends are introduced into the model. Furthermore, dividends do not moderate the relationship between financial performance and firm value, yet they significantly and negatively moderate the relationship between sustainability performance and firm value. This suggests that higher dividend payouts may weaken the positive impact of sustainability performance on firm value, as investors tend to prioritize short-term returns over long-term sustainability benefits. These results imply that companies should carefully align dividend policies with sustainability strategies to sustain long-term firm value and investor confidence.

Analyzing the Economic Impact of Capital Structure as a Mediator on Firm Value

Fentinia Rika Karlina — 2025-11-01

This study aims to analyze the effect of Return on Assets (ROA) and Return on Equity (ROE) on firm value, with the Debt to Asset Ratio (DAR) as a mediating variable. Firm value is measured using two indicators, namely Price to Book Value (PBV) and Tobin’s Q. The study was conducted on companies in the industrial and mining sectors listed on the Indonesia Stock Exchange (IDX) over a four-year observation period. The approach used is quantitative explanatory research, employing the Partial Least Square (PLS) analysis technique to test both direct and indirect relationships among variables. The results indicate that ROA and ROE have no significant effect on firm value (both PBV and Tobin’s Q). However, ROA has a significant negative effect on DAR, suggesting that companies with higher profitability levels tend to rely less on debt-based financing. Meanwhile, DAR shows no significant effect on firm value, whether measured by PBV or Tobin’s Q, implying that capital structure does not serve as a mediating variable in the relationship between profitability and firm value. Thus, the increase in firm value cannot be explained through the mechanism of capital structure in industrial and mining sector companies in Indonesia. The implications of this study suggest that internal fundamental factors such as profitability and capital structure are not yet the main determinants shaping firm value. External factors such as commodity price fluctuations, macroeconomic conditions, and investor perceptions of financial risk are presumed to have a greater influence on firm value. Future research is recommended to include additional variables such as firm size, growth opportunity, and good corporate governance to enhance understanding of the dynamics determining firm value.

Strategic Leadership and Employee Performance: Unraveling the Mediating Role of Managerial Competence

Nandang Nandang — 2025-11-03

This study aims to examine the effect of strategic leadership on employee performance, with managerial competence as a mediator. A quantitative survey method was employed in this study, involving 65 respondents, all employees of PT. Almeira Putri Rahmat Karawang, using a saturated sampling technique. The research instrument was developed based on indicators for each variable and measured using a Likert scale. Data analysis was conducted using a PLS-based SEM approach. The results of the outer model test indicate that all indicators are convergently valid, and the constructs used have met the criteria for reliability and discriminant validity. The R-squared value indicates that employee performance can be explained by the independent variables by 58.4%, while managerial competence explains 17.7%. The results of the hypothesis testing indicate that strategic leadership has a positive and significant effect on employee performance, strategic leadership has a positive and significant effect on managerial competence, and managerial competence also has a significant effect on employee performance. Managerial competence significantly mediates the relationship between strategic leadership and employee performance. These findings emphasize the importance of managerial competency in strengthening the influence of strategic leadership on improving employee performance.

Behavioral Economic Analysis of Brand Image, Service Quality, Social Media Quality, and Price Perception in Influencing Generation Z’s Purchase Intention for Cross-Border Personal Shopping Services: The Mediating Role of Trust

Yulfiswandi Yulfiswandi — 2025-11-03

The jastip (personal shopper) business has become a popular trend in Indonesia in recent years. In the context of trade and consumption, jastip refers to a service where someone (jastip provider or personal shopper) offers to buy goods from a particular place or store at the request of another person (consumer). In return, the jastip provider will usually charge a service fee or commission on top of the price of the goods purchased. The research in this article aims to examine the factors that influence Purchase Intention on jastip, especially in generation Z, using the variables Brand Image, Service Quality, Social Media Quality, and Price Perception mediated by Trust. The study uses primary data that has been processed through the distribution of questionnaires in the form of Google Forms to the Batam City Community who have used jastip. A total of 311 respondent data that meet the criteria and are then processed using the SPSS program for respondent demographic data analysis and the SmartPLS program for hypothesis testing. The results of the study indicate that Brand Image, Service Quality, Social Media Quality, and Price Perception have a significant positive effect on Purchase Intention through Trust mediation. This study shows the importance of Trust as a mediator that connects all variables in influencing Purchase Intention towards Jastip among Generation Z in Batam City.

Economic Evaluation of Service Budget Performance in the Education Sector

Kalis Endah Wahyuni — 2025-11-04

This research aims to assess budget performance at the Bekasi District Education Office for the 2020-2023 Fiscal Year period. The method used is descriptive qualitative to produce a budget performance assessment. Data collection was carried out through interviews and document review. The results of this research show the budget performance of the District Education Office. Bekasi, viewed from an economic perspective in 2020-2023, experiences fluctuations every year and is categorized as economical because the economic ratio level is between 90%-100%. For the level of efficiency in the 2020-2023 budget revenue, it is categorized as less efficient because the efficiency ratio is more than 90%. Then the level of effectiveness experienced a decrease in effectiveness from 2020-2023 but was still categorized as effective because the level of effectiveness ratio was between 90% - 100%. Therefore, the Bekasi District Education Office needs to prioritize the preparation of more efficient budget planning based on the Value for money concept. namely budget effectiveness, budget efficiency, economics, and budget.

Development Inequality Between Regencies/Cities and Its Impact on Population Migration within the Province of West Nusa Tenggara Period 2020–2024

Risky Kusumawati — 2025-11-04

This research examines the influence of development inequality between districts/cities on population migration in West Nusa Tenggara Province (NTB) in 2020–2024. Using a panel data approach and the Fixed Effect Model (FEM) method, The present research examines six independent variables, Gross Regional Domestic Product (GDP) per capita, poverty rate, education level, infrastructure, open unemployment rate, and Human Development Index (HDI), on inward migration as dependent variables. Empirical results based on the Fixed Effect Model estimate show that partially, the variables of infrastructure, unemployment, and HDI have a significant effect on inward migration, while other variables do not. Simultaneously, all independent variables had a significant effect with an adjusted R² value of 70.11%, indicating that the model has a strong ability to explain interregional migration. Based on these results, this study recommends equitable development policies through poverty alleviation based on local empowerment, improving the quality of infrastructure and education, and creating productive jobs to reduce inequality and control unbalanced migration flows between regions.

The Relationship Between Total Reward Management and Employee Performance: A Case Study of Oil & Gas Company in Indonesia

Ayu Astria Putri — 2025-11-04

These objectives provide a structured framework for in-depth analysis that focuses on spesific objectives of the research: determining the relationship between Total Reward Management and employee performance, determining the factors of Total Reward Management that had significant relationship to employees, and giving Recommendation of Total Reward Management Package to increase employee performance in PT Petroleum Upstream Corporation. This study uses a mixed-methods approach, combining surveys of 547 employees and focus group discussions with management. Quantitative data were analyzed using descriptive statistics, reliability tests, and regression analysis, while qualitative data were examined through thematic and root cause analysis to explore the implementation and impact of Total Reward on employee performance. The findings show that Total Reward Management has a positive and significant relationship with employee performance at PT Petroleum Upstream Corporation, fulfilling the first research objective. Each component of total rewards including compensation, benefits, well-being, development, and recognition also demonstrated a significant impact on employee performance, with well-being, recognition, and benefits showing the strongest correlation, thereby addressing the second objective. Based on both quantitative and qualitative analysis, this study recommends enhancing non-financial rewards, particularly in well-being and recognition programs, while maintaining a balanced reward mix. These actionable recommendations support the third objective by offering practical strategies to improve employee performance through an optimized Total Reward Management package.

Impulse buying on marketplace applications: shopping patterns of Tiktok Shop consumers TiktokShop

Aghnia Salma Salsabila — 2025-11-04

This study aims to analyze the influence of Fear of Missing Out (FOMO) and storytelling marketing on purchase decision in the TikTokShop platform, with impulse buying as a mediating variable. A quantitative approach was employed by distributing questionnaires to 300 respondents in the Madiun Residency areaespecially Ponorogo Regency and Pacitan Regency , selected through purposive sampling. Data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM). The results reveal that FOMO and storytelling marketing have a significant positive effect on impulse buying, which subsequently mediates consumer purchase decisions. These findings strengthen previous literature emphasizing the role of psychological factors and narrative-based marketing strategies in driving consumer behavior within the digital commerce era. From a practical perspective, this study provides implications for businesses to optimize digital marketing strategies by leveraging psychological urgency (FOMO) and persuasive narratives to enhance promotional effectiveness and foster customer loyalty in social media-based e-commerce ecosystems.

Linking Self-Efficacy to Employee Performance: Evidence from BPJS Employment Denpasar with Job Satisfaction as a Mediator

Luh Putri Swandewi — 2025-11-05

This study aims to examine the influence of self-efficacy on employee performance, with job satisfaction as an intervening variable, within the organizational setting of BPJS Ketenagakerjaan Denpasar. A quantitative approach was employed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to test the relationships among variables in the proposed theoretical framework. The findings reveal that self-efficacy significantly affects both job satisfaction and employee performance, directly and indirectly, through the mediating role of job satisfaction. These results underscore that self-efficacy not only enhances performance directly but also activates a psychological mechanism of job satisfaction that facilitates productive employee behavior. Within the bureaucratic context, this study contributes both conceptually and practically to human resource development strategies. Recommendations are offered to policymakers to implement efficacy-based training, internal recognition systems, and supportive leadership to foster an empowering and sustainable work environment.

Establishing Regional Fiscal Autonomy Through Improving the Quality of Financial Reports and Human Resource Competence: Empirical Evidence from Indonesia

Hefisia Amanda — 2025-11-06

This study reveals testing in budget management and apparatus resources through the quality of financial reports and the quality of human resources that affect the level of regional Autonomy. The study uses a quantitative approach through data collection from 542 local governments in Indonesia during the 2021-2022 period, with a total of 1,084 observations analyzed using multiple linear regression with STATA-17 software. The test results reveal that, specifically, the quality of financial reports and the Human Development Index as a representation of human resource quality have a positive and significant relationship in shaping regional fiscal Autonomy. This indicates that increasing the transparency and accountability of financial reports and strengthening human resource capacity will strengthen the ability of local governments to finance development independently without excessive dependence on central transfers. Local governments with good financial report quality, as evidenced by fair audit results without exceptions and supported by competent human resources, are better able to optimize local revenue, manage expenditures efficiently, and improve community welfare. This study emphasizes the importance of improving the competence of officials and applying the principle of accountability in the preparation of financial reports as key strategies for strengthening fiscal Autonomy and supporting the achievement of sustainable regional development.

Local Government Investment in Financial Performance: Evidence from Local Government in Indonesia

Suci Deliya Natasya — 2025-11-06

Indonesia's national development goals focus not only on improving social welfare but also on creating an inclusive and sustainable investment climate. This study aims to analyze the influence of regional financial performance on regional investment levels in Indonesia, with a focus on financial independence and flexibility. This study uses quantitative methods. The data used covers 420 provinces/regencies/cities in 2021 and 2022 with a total of 840 observations, which were analyzed using multiple linear regression. The results show that regional financial independence has a positive and significant effect on investment levels, reflecting the region's ability to manage resources independently. Regional financial flexibility also has a positive and significant effect, with the ability to adjust budgets that support sustainable development and investment. The results of this study indicate that the combination of financial independence and flexibility creates a sustainable investment climate, especially in the fields of foreign direct investment (FDI) and domestic direct investment (DDI). The implications of this study demonstrate the importance of adaptive and transparent regional financial management to increase investment attractiveness and accelerate regional economic growth in Indonesia. This study has limitations in the scope of variables that only cover two financial performance indicators out of six available indicators, as well as limited data until 2022. Future studies are recommended to add other relevant variables such as human resource quality, risk management index, political stability and infrastructure, as well as conduct longitudinal analysis with annual data and a cross-regional approach among developing countries.

The Effect of CEO Gender, Director Reputation, and Institutional Ownership on the Quality of Financial Reporting in Manufacturing Firms Listed on the Indonesia Stock Exchange for the Period 2022–2024

Salma Putri Sholihah — 2025-11-07

Examining the impact of CEO gender, director reputation, and institutional ownership on the quality of financial reports for manufacturing companies listed on the Indonesia Stock Exchange between 2022 and 2024 is the aim of this study. Based on data completeness criteria, 60 companies and 240 firm-year observations were selected by purposeful selection from the research population, which comprised 81 industrial organizations. The data was examined using multiple linear regression using SPSS 25. This was followed by classical assumption tests such as the autocorrelation, multicollinearity, heteroscedasticity, and normality tests. In contrast, director reputation demonstrates a significant negative influence, indicating that possessing a strong reputation does not necessarily lead to higher transparency in financial reporting. Meanwhile, institutional ownership shows a significant positive relationship with financial statement quality, emphasizing the vital monitoring function of institutional investors in corporate governance. With an adjusted R2 value of 32.8%, the three independent factors taken together have a considerable combined impact on the quality of financial statements. This suggests that factors beyond the scope of this model also have an impact on variations in reporting quality. Therefore, it may be said that the quality of financial statements is shaped by the interaction of ownership structure, board reputation, and leadership qualities. Consequently, enhancing financial reporting quality requires the support of additional corporate governance mechanisms that strengthen managerial transparency and accountability.

The Influence Of Firm Size, Firm Age and Leverage On Intellectual Capital Disclosure

Muhammad Farhan Baihaki — 2025-11-10

The disclosure of intellectual capital an intangible asset category governed by PSAK No. 19 (Revised 2009) is typically reported within a firm’s annual report. Such reporting customarily addresses three principal dimensions: human capital, structural capital, and relational capital. This research investigates whether firm size, firm age, and financial leverage exert significant effects on the extent of intellectual capital disclosure. The study population comprises property and real-estate firms listed on the Indonesia Stock Exchange over the 2020–2024 period. Using purposive sampling, the research selects 33 firms, yielding 165 panel observations. A quantitative methodology and panel regression analysis are implemented with EViews 12 to test the hypotheses. The findings are intended to illuminate determinants of intellectual capital disclosure for practitioners and to underscore the need for firms to monitor evolving disclosure requirements and standards pertaining to intangible informatio.

The Role of Human Capital Development in Enhancing Employee Performance: An Economic Perspective on Training, Remuneration, and Teamwork

Agha De Aghna Setya Budi — 2025-11-11

This research investigates how training, compensation, and teamwork impact employee performance at PT Dan Liris. Adopting a quantitative method within a positivist framework, the study surveyed permanent employees with at least six months of tenure across various departments, including production, quality control, maintenance, human resources, and administration. Data were gathered using a structured questionnaire based on a five-point Likert scale and analyzed through Partial Least Squares Structural Equation Modeling (PLS-SEM). Findings reveal that training, compensation, and teamwork all exert a significant positive effect on employee performance. Well-designed training programs enhance employees’ skills, knowledge, and adaptability, while equitable and competitive compensation boosts motivation and productivity. Additionally, effective teamwork underpinned by strong communication and collaboration promotes efficiency and collective accountability in meeting organizational objectives. The results indicate that the proposed model explains 64.8% of the variance in employee performance, demonstrating robust predictive capability. The study recommends that PT Dan Liris consistently improve training programs, uphold fair compensation practices, and foster a collaborative teamwork culture to optimize overall employee performance.

Analysis of the Influence of Liquidity, Profitability, Solvency, and Company Size on Company Value

Rena Ardhaneswari — 2025-11-11

This study investigates the influence of liquidity, profitability, solvency, and firm size on firm value among consumer non-cyclical companies listed on the Indonesia Stock Exchange in 2024. Employing a quantitative causal-associative research design and purposive sampling, the analysis focuses on firms with complete financial disclosures and publicly available market data. The study utilizes secondary data obtained from company financial reports and the Indonesia Stock Exchange database. Liquidity is measured by the Current Ratio (CR), profitability by Return on Assets (ROA) and Return on Equity (ROE), solvency by the Debt to Equity Ratio (DER), firm size by the natural logarithm of total assets, and firm value by Tobin’s Q. Descriptive statistics, diagnostic tests, and multiple linear regression analyses were conducted. The findings indicate that liquidity has a significant negative effect on firm value, while profitability has a significant positive effect. Solvency demonstrates a negative but statistically insignificant effect, and firm size exhibits a significant negative relationship with firm value. Collectively, these four variables explain a significant but limited proportion of the variance in firm value, suggesting that additional internal and external factors may also influence corporate performance.

The Moderating Role of Board Characteristics in the Relationship Between Firm Factors and ESG Performance in Indonesia

Juan Kurnia — 2025-11-11

This study aims to analyze the influence of firm-specific characteristics namely firm size, firm age, profitability (ROA), and leverage (DAR)on Environmental, Social, and Governance (ESG) performance, with the Board Size of Commissioners (BSC) and Board Independence of Commissioners (BIC) as moderating variables. The research employs a quantitative causal approach using secondary data from 78 non-financial companies listed on the Indonesia Stock Exchange during 2019–2023, generating 390 firm-year observations. Data were analyzed using multiple linear regression with the Moderated Regression Analysis (MRA) method through SPSS 26. The results indicate that firm age positively and significantly affects ESG performance, while profitability (ROA) has a significant negative influence. Firm size and leverage show no significant effects. Furthermore, BSC strengthens the relationship between firm size and profitability with ESG, whereas BIC enhances the link between profitability and ESG performance. These findings highlight the critical role of corporate governance mechanisms in aligning financial objectives with sustainability goals, providing valuable insights for companies and policymakers to improve ESG governance practices in Indonesia.

Brand Characteristics, Materialism, and Brand Addiction: Psychological Impacts on Indonesian K-Pop Fans

Jonathan Albert — 2025-11-12

The rising popularity of K-Pop culture has influenced consumer behavior in Indonesia, leading to the phenomenon of brand addiction, an extreme emotional attachment to brands. While prior research has explored the origins of addiction to physical goods, research on brand addiction in the entertainment industry, particularly within Asia’s collectivist context, remain limited. This study examines the influence of brand characteristics (hedonism, self-expressiveness, innovativeness, authenticity) and materialism orientation on brand addiction, along with its psychological effects (brand exclusiveness, trash-talking, compulsive buying behavior, irritability) among K-Pop fans in Indonesia, using Social Identity Theory (SIT). A cross-sectional survey of 192 respondents was conducted from February to March 2025, with data analyzed via PLS-SEM. Results indicate that brand self-expressiveness, brand innovativeness, and materialism significantly and positively affect brand addiction, while brand hedonism and authenticity show no significant impact. Furthermore, brand addiction positively and significantly influences brand exclusiveness, trash talking, compulsive buying behavior, and irritability. Theoretically, these findings reinforce SIT’s relevance and highlight the need for a brand addiction model in entertainment contexts like K-Pop. Practically, K-Pop agencies and local entertainment businesses should prioritize self-expressiveness and materialism through identity narratives and exclusive merchandise, while implementing strategies like purchase limits and transparent communication to mitigate negative effects like trash talking without dampening fandom enthusiasm.

Global Macroeconomic Drivers of Gold Prices: The Impact of Inflation, USD Exchange Rate, and Crude Oil Prices

Herman Herman — 2025-11-14

This study aims to examine the influence of the inflation rate, the US dollar exchange rate, and global oil prices on world gold prices. Using a quantitative approach with secondary time-series data, the analysis was carried out through multiple linear regression to identify both partial and simultaneous effects of the selected macroeconomic variables. The findings indicate that the inflation rate does not have a significant impact on gold prices. In contrast, the US dollar exchange rate shows a positive and significant relationship with gold prices, suggesting that fluctuations in the value of the dollar play an important role in shaping global gold market movements. Meanwhile, global oil prices are found to have no significant partial effect on gold prices. Furthermore, when examined simultaneously, the three macroeconomic variables do not exhibit a collective influence on world gold prices. These results highlight the dominant role of currency dynamics compared to inflationary conditions and oil price fluctuations in determining gold price behavior during the observed period.

Work Ethic, Organizational Culture, and Employee Performance: A Mediated Framework of Job Satisfaction in Local Government Institutions

Luh Kartika Ningsih — 2025-11-15

This study examines the influence of work ethic and organizational culture on employee performance, with job satisfaction serving as an intervening variable. A quantitative research design was employed, and data were collected through questionnaires administered to 140 employees at the Department of Culture of Buleleng Regency. The results indicate that both work ethic and organizational culture significantly affect employee performance and job satisfaction. Furthermore, job satisfaction functions as a mediating variable that strengthens the relationship between work ethic, organizational culture, and employee performance. The findings underscore that a strong work ethic is positively associated with higher job satisfaction, while a supportive organizational culture—characterized by cooperation and open communication—also contributes to increased satisfaction. Additionally, both organizational culture and work ethic directly enhance employee performance, highlighting the importance of motivation and a positive work environment. Overall, the study emphasizes the critical role of fostering a constructive organizational climate to improve employee satisfaction and performance.

Auditor Performance from the Perspective of Independence and Professional Ethics: Factors Affecting the Decline in Audit Quality

Serilia Tangalayuk — 2025-11-23

This study aims to analyse auditor performance from the perspective of independence and professional ethics as determining factors in preventing reduced audit quality practices (RAQP). This study focuses on understanding how these two dimensions interact to influence professional behaviour and audit credibility. This study uses a Systematic Literature Review (SLR) approach with the Watase Uake method to identify and synthesise previous studies relevant to auditor performance, independence, ethics, and audit quality decline. Data were collected from Scopus-indexed journals (Q1–Q4) and other international sources between 2020 and 2025, resulting in 33 relevant articles selected through a structured screening process and thematic analysis. Findings indicate that auditor independence significantly influences performance quality by maintaining professional scepticism and objectivity, while professional ethics reinforce moral responsibility and integrity in decision-making. The main threats to audit quality stem from client pressure, time constraints, and role conflicts that trigger dysfunctional behaviours such as reducing audit quality practices (RAQP). Conversely, a strong ethical culture and effective organisational governance can minimise these risks. This study provides insights for audit firms, regulators, and educational institutions to strengthen ethical culture, develop resilience training, and implement strict independence policies to improve audit quality and public trust in the accounting profession. This research offers a comprehensive synthesis linking independence and professional ethics as two determinants of auditor performance and audit quality—areas that have often been explored separately in previous studies.

Challenges and Prevention Strategies for Internal Audits in AI and Blockchain-Based Accounting Information Systems

Wise Lande — 2025-11-23

This study aims to identify the main challenges and prevention strategies in the implementation of Artificial Intelligence (AI) and blockchain-based internal audits. The study used the Systematic Literature Review (SLR) method on 23 Scopus-indexed international articles published between 2015 and 2025. The analysis process was carried out through the stages of identification, selection, and synthesis of literature to obtain thematic patterns related to the challenges and strategies of implementing AI and blockchain-based internal audits. The results of the study indicate that the main challenges faced in the implementation of digital audits include data security and privacy risks, limitations in auditor competence regarding new technologies, regulatory and ethical gaps, and organisational resistance to change. The recommended strategies include improving the digital competence of auditors through continuous training, developing AI-based audit regulations and standards, implementing multi-layered security systems, and gradually integrating technology. This research provides new insights into mapping the relationship between human resource readiness, digital infrastructure, and organisational governance on the successful implementation of AI and blockchain in internal auditing. These findings confirm that the success of digital audit transformation depends not only on technological sophistication but also on organisational adaptation and the systematic development of auditor capacity.

Critical and Reflective Analysis of the Evolution of the Audit Process in the Digital Age

Andi Nurul Azizah — 2025-11-23

Analysing the evolution of the audit process in the digital era, evaluating the implications of technology on methodology, quality, auditor competence, ethics, and the effectiveness of internal controls, with a focus on opportunities and challenges in developing countries. A Systematic Literature Review (SLR) of 29 articles (2015-2025) from Scopus, ScienceDirect, Publish and Pearish, and Google Scholar using thematic analysis to identify patterns, contradictions, and trends. Technologies such as AI, Big Data, Blockchain, RPA, and Continuous Auditing are transforming auditing into an automated, real-time, and predictive model, increasing efficiency and reducing costs. Risks include algorithmic bias, lagging regulations, and the need to transform the role of auditors into strategic advisors with digital competencies. Recommendations include strengthening auditor competencies through digital education, regulatory adaptation, and RPA implementation in developing countries to maintain audit relevance, improve governance, and stakeholder confidence in financial reporting. A multidimensional critical-reflective approach that integrates technology, profession, control, and ethics with a unique focus on the context of developing countries.

The Impact of Digitalisation and Information Technology on the Audit Process and Auditor Decision-Making

Sri Nurul Izzah — 2025-11-23

Developments in digitalisation and information technology have changed the perspective on the auditing profession, shifting from traditional manual practices to integrated technology in auditing. The purpose of this study is to analyse in depth how technologies such as Artificial Intelligence (AI), Big Data Analysis, Blockchain, Robotic Process Automation (RPA), and Enterprise Resource Planning (ERP) influence audit procedures and decision-making by auditors. Using a descriptive and exploratory literature review approach, this study combines the latest empirical and conceptual findings for the period 2021 to 2025. The results show that digitalisation improves efficiency, accuracy, and transparency in auditing through process automation and large-scale data analysis. The use of AI and RPA allows auditors to focus more on strategic analysis and risk assessment, while blockchain improves the reliability of audit evidence by recording immutable transactions. However, this transformation also brings challenges such as a lack of digital competence among auditors, the risk of dependence on automated systems, and ethical and cybersecurity issues. Therefore, success in digital auditing depends not only on the use of technology, but also on good digital literacy, ready infrastructure, and effective ethical governance. This study contributes theoretically to the understanding of the relationship between digitisation and auditor decision-making, and points the way for future research on the impact of technology on auditor independence and professionalism in the digital age.

Gender Issues and Their Impact on Guest Complaint Handling Effectiveness in Budget Hotels within Tourism Industry

Agung Edy Wibowo — 2025-11-23

This study examines the influence of gender on guest complaint handling in budget hotels in Batam City, Indonesia—an industrial centre that has also become a growing tourist destination. A total of 182 respondents were selected through purposive sampling, and data analysis was conducted using Smart PLS. The research focuses on four service quality dimensions: assurance, empathy, responsiveness, and reliability. Results indicate that gender significantly moderates the relationships between assurance, empathy, and responsiveness with complaint handling effectiveness, but does not moderate reliability. Specifically, male respondents show a stronger moderating effect on responsiveness, while female respondents exhibit stronger moderating effects on assurance and empathy. No significant moderating role of gender was found for reliability. These findings highlight the importance of considering gender differences in service strategies to enhance guest satisfaction and complaint resolution in the budget hotel sector

The Role of Education and Health Budget Functions in Achieving SDG 1 at the Regional Government Level in Indonesia

Jessy Christina Dewi Kadimun — 2025-11-26

This study aims to analyze the effect of education and health budget allocations on the achievement of SDG 1 (No Poverty) in local governments in Indonesia. This study uses a positivist paradigm with multiple linear regression method. The research population includes 542 provincial/district/city local governments during the period 2018–2021, resulting in a total of 2,168 observation units. Using purposive sampling, a sample of 2,132 observation units was obtained. The findings show that the education and health budgets play a role in efforts to achieve SDG 1. In addition, control variables, such as the age of the government, have no effect on SDG 1. This study encourages local governments to increase and ensure that education and health budgets are allocated evenly and effectively to support the achievement of SDG 1. This study has a number of limitations, including the use of data limited to a four-year period and an analysis focus that only covers one of the 17 global SDG goals, namely Sustainable Development Goal 1 (No Poverty). This study highlights the crucial role of local government function budgets in supporting the achievement of SDG 1.

What Keeps Visitors Coming Back? Factors Shaping Revisit Intention

Kevin Richardo Tanoto — 2025-11-26

Healthy individuals have a greater capacity to work productively and creatively, which will impact the quality of human resources. This study examines factors that can influence revisit intention, exercise adherence, and word of mouth among members of a clubhouse in Tangerang. The study was conducted quantitatively on 227 respondents who are members of KYZN Clubhouse using a purposive sampling technique. The results show that service quality, service convenience, and exercise satisfaction are factors that can influence word of mouth intention, as well as service quality and exercise satisfaction that can influence revisit intention, and service convenience and exercise satisfaction can influence exercise adherence. It is recommended that companies can pay attention to these three aspects, especially service quality, because it is the most important factor in influencing members' revisit intention.

Firm Size Moderation in Digital Environmental Disclosure, Online Attention, and Stock Prices

Anggit Suryopratomo — 2025-11-28

The objective of this study is to investigate the effect of digital environmental disclosure and online attention on stock prices, and the moderating role of company size in non-cyclical consumer goods issuers on the Indonesia Stock Exchange. The Green Digital Marketing Intensity (GDMI) index represents digital environmental disclosure and is constructed from green communication traces on corporate websites and official social media. Online attention is measured using a composite index derived from Google search interest and corporate website traffic. Grounded in signaling theory, legitimacy theory, stakeholder theory, and the attention-based view, the study positions GDMI and online attention as signals that influence market assessment, while company size acts as a structural factor that alters signal strength. A balanced panel of 14 issuers during 2021–2024 (56 firm-year observations) was analyzed using Feasible Generalized Least Squares panel regression under inter-firm heteroscedasticity. The results show that GDMI, online attention, and company size positively and significantly affect stock price logs. However, the interaction between GDMI and size is negative and significant, while the interaction between ATT and size is positive and significant. These indicate that digital environmental disclosure has a stronger effect on stock prices in smaller companies, whereas online attention has a larger effect in bigger companies. In conclusion, digital green communication footprints and online attention are valued by the market, yet their influence depends on firm size. Practically, digital green communication strategies should be tailored to company scale, and future research is encouraged to expand sectors, periods, and digital attention indicators.

Keywords: Digital environmental disclosure; Firm size; GDMI; Online attention; Stock prices.

Financial Distress Determinants Among Manufacturing Firms: The Roles of Operating Cash Flow, Operating Capacity, Sales Growth, and Capital Structure (2019–2023)

Firda K. Hi. Musa — 2025-11-28

When a business is said to be experiencing financial difficulties because it can no longer meet its obligations, then the business is said to be in a state of financial distress. The purpose of this study is to analyze the effect of Operating Cash Flow, Operating Capacity, Sales Growth, and Capital Structure on Financial Distress in manufacturing companies listed on the IDX for the period 2019-2023. The data in this study are secondary data obtained from company financial reports published on the official website of the Indonesia Stock Exchange (IDX) namely www.idx.com and the company's official website. The data collection method uses statistical tests, meaning the entire population is used as a sample. The number of samples studied in this study was 60 samples. Multiple linear regression analysis is the method used with the help of E-views 13. The findings in this study indicate that operating capacity, sales growth, capital structure do not affect financial distress, but operating cash flow does affect financial distress.

Household Characteristics and Poverty Line Assessment in Rural Communities

Muhammad Ichsan — 2025-12-01

This study aims to analyze the characteristics of poor households and measure the poverty line, poverty level, depth of poverty, and severity of poverty in Lumbudolo Village, Central Banawa District, Donggala Regency. The study also examines the influence of socio-economic factors and livelihood assets on poverty status based on the Sustainable Livelihood Framework (SLF). A mixed-methods approach was applied through a survey of 51 household heads, in-depth interviews, and focus group discussions. Data were analyzed using descriptive statistics, poverty indicators (P0, P1, P2), the Gini Ratio, and logistic regression. The results show that most poor households are headed by elderly individuals with low levels of education and are primarily employed in the agricultural and informal labor sectors. Average household income ranges from IDR 250,000 to IDR 500,000 per month, with expenditures dominated by food consumption. Lumbudolo Village exhibits moderate income inequality (Gini Ratio = 0.549), and nearly half of its households fall below the poverty line. The P1 and P2 values indicate substantial depth and severity of poverty. Logistic regression analysis reveals that human, financial, and physical capital significantly influence the likelihood of households experiencing poverty, whereas basic socio-economic characteristics show limited effects. These findings emphasize that poverty is multidimensional, requiring development interventions that prioritize improvements in human resource quality, access to financial capital, and basic infrastructure to strengthen household resilience and reduce poverty sustainably.

The Impact of Regional Original Revenue, Regional Transfer Funds, Capital Expenditures, and Regional Government Surplus on Economic Growth

Rattih A Ajuan — 2025-12-01

This study aims to analyze the effect of local original income, transfer funds to regions, capital expenditure and silpa of local governments of regencies/cities in North Maluku Province in 2021-2024. The sample in this study was 40 samples taken using saturated sampling techniques. The analysis tool used was multiple linear regression analysis of panel data using Eviews 13 as a statistical test tool. The results of the study showed that: (1) local original income did not affect economic growth, (2) transfer funds to regions did not affect economic growth, (3) capital expenditures

Live Streaming and Materialism as Determinants of Skincare Purchase Decisions: The Mediating Role of Hedonic Motivation Among Shopee Users

Revania Kurniawati — 2025-12-01

This study investigates the influence of live streaming and materialism on skincare product purchase decisions through Hedonic Motivation among Shopee users in Solo Raya. A quantitative approach was employed, collecting primary data via structured questionnaires from 150 Gen Z respondents aged 17–26, selected through convenience sampling. The research examined four variables: Live Streaming (interactive online shopping with real-time product demonstrations), Materialism (orientation toward wealth and possessions), Hedonic Motivation (intentions driven by pleasure and social norms), and Purchase Decision (five-stage decision-making process). Measurement models assessed validity and reliability using convergent and discriminant validity, composite reliability, and Cronbach’s alpha, while structural models evaluated causal relationships via R², Q², effect size f², and Normed Fit Index. The results indicate that live streaming positively and significantly influences Hedonic Motivation, which in turn mediates its effect on purchase decisions. Materialism also positively affects Hedonic Motivation, though its impact on Buying Decision, both directly and through Hedonic Motivation, is not significant. These findings suggest that optimizing interactive and engaging live streaming experiences can enhance consumer enjoyment and drive purchases. Future research should expand the geographic scope and test other product categories.

The Influence of Financial Technology (Fintech) Development on The Financial Performance of Conventional Banks

Dhita Amalia Putri — 2025-12-01

This study examines the influence of financial technology (fintech) development on the financial performance of conventional banks in Indonesia. Employing a quantitative approach, secondary data were collected from financial reports, official websites, and documentation of banks listed on the Indonesia Stock Exchange (IDX) during 2020–2022. The sample included banks with publicly available financial data on Internet Banking, Mobile Banking, and SMS Banking. Descriptive statistics summarize the financial performance and digital banking services, while classical assumption tests ensure the suitability of multiple linear regression for hypothesis testing. The study analyzes the effects of Internet Banking, Mobile Banking, SMS Banking, Capital Adequacy Ratio (CAR), Operating Expenses to Operating Income (BOPO), and firm size on financial performance, measured by Return on Assets (ROA) and Return on Equity (ROE). The results indicate that Internet Banking, Mobile Banking, and SMS Banking do not significantly affect ROA or ROE, with significance values ranging from 0.463 to 0.898. This limited impact is attributed to high technology costs, suboptimal utilization, evolving customer preferences, and the restricted functionality of SMS Banking. The findings suggest that banks need to optimize digital banking services and consider additional fintech innovations to enhance financial performance.

Assessing the Role of AI-Based Tax Digitalization and Supervision in Reducing Corruption in Indonesia’s Tax Sector

Puteri Ayu Pratiwi — 2025-12-01

This study investigates the implementation of AI-based tax digitalization and enhanced supervision as mechanisms to reduce corruption within the taxation system. Despite ongoing reforms, tax evasion remains a common issue, as illustrated by a 2021 case managed by the Regional Directorate of Taxes in Nusa Tenggara. Artificial Intelligence provides innovative tools for detecting irregularities and preventing fraudulent activities. Adopting a quantitative descriptive design, the research utilizes primary data obtained from 99 tax officers through a census sampling approach, and analyzes the data using descriptive statistics, multiple linear regression, and hypothesis testing. The results indicate that both AI-based tax digitalization and strengthened supervision have a significant and positive impact on tax evasion prevention.

Service Quality and Healthcare Costs as Predictors of Patient Satisfaction in Indonesia’s National Health Insurance

Hana Dwi Jayanti — 2025-12-01

This study aims to investigate and analyze the influence of administrative services, medical services, and costs on the loyalty of JKN participants, with satisfaction acting as a mediating variable. A quantitative research design was employed to examine these relationships. The empirical findings reveal that satisfaction exerts a significant positive effect on loyalty. Moreover, medical service quality and cost perception demonstrate a significant impact on satisfaction, highlighting their critical role in enhancing customer experience. However, the direct effects of medical services and costs on loyalty were found to be statistically insignificant, suggesting that loyalty is predominantly mediated through satisfaction. In contrast, administrative services exhibited no significant influence on either satisfaction or loyalty, indicating their limited contribution to fostering long-term customer relationships. Overall, these results underscore the strategic importance of improving medical service quality and ensuring a transparent cost structure to enhance satisfaction, which ultimately strengthens participant loyalty within the JKN program.

Analyzing the Effects of Work Motivation, Work Discipline, and Work Environment on Civil Servant Performance with Organizational Commitment as an Intervening Variable

Jovanka Pittaloka — 2025-12-01

This study aims to describe the performance, organizational commitment, work motivation, work discipline, and work environment of civil servants at S.K. Lerik Regional General Hospital in Kupang City, as well as to analyze how these factors influence organizational commitment and employee performance. Using a sample of 72 civil servants, data were collected through questionnaires and analyzed using descriptive statistics and SmartPLS. The descriptive results indicate that employee performance, organizational commitment, motivation, and work discipline are generally good, while the work environment is considered fairly good. The inferential findings show that work motivation, work discipline, and work environment each have a positive and significant effect on organizational commitment and employee performance. These results highlight the importance of strengthening motivational factors, improving discipline, and enhancing the work environment to support higher commitment and performance among civil servants.

Career Development as a Mediator of the Relationship Between Education Level, Competence, and Employee Performance

Luh Kartika Ningsih — 2025-12-02

This study aims to determine the effect of education level and competence on employee performance with career development as an intervening variable at Perumda Air Minum Tirta Hita Buleleng. This study uses a quantitative approach, and the sample used is 77 employees. The sample collection method uses proportional random sampling techniques. Data collected used questionnaires. The data analysis technique used SEM PLS. The results showed that education level affected career development, competence affected career development, education level affected employee performance, competence affected employee performance, career development affected employee performance, education level affected employee performance through career development, and competence affected employee performance through career development at Perumda Air Minum Tirta Hita Buleleng

Strategy of Population Data Transfer Services through the Online Population Service System (SILOKA)

Radityo Dimas Prabowo — 2025-12-05

This research is motivated by the problem of the suboptimal implementation of population data transfer services through SILOKA in Bogor Regency. The problem formulation in this study is why the population data transfer service through SILOKA has not been optimal, and how the strategy to optimize it. This research is based on the E-Government theory by Heeks and Bailur which includes the dimensions of service process speed, accessibility, procedural transparency, and service attitude. This research uses a descriptive qualitative method with data collection techniques through interviews, observations, and documentation. The results show that the implementation of population data transfer services through SILOKA in Bogor Regency still experiences three obstacles: First, there are SILOKA websites that are no longer functioning. Second, there is no specific website that is fast and of good quality for SILOKA services. Third, there is no SILOKA application available on the Playstore and App Store. The strategies to improve the quality of population data transfer services through SILOKA include: First, deleting failed websites that are no longer functioning. Second, creating a specific, fast, and high-quality website for SILOKA. Third, developing a SILOKA application that can be downloaded through the Playstore and App Store with user-friendly features, so that it can be easily accessed by Android and iOS users.

The Effect of Cash Assistance Programs on Children's Involvement in Domestic and Economic Activities in Indonesia

Nur Fikriyah — 2025-12-05

This study examines the impact of conditional (PKH) and unconditional (UCT/BLT and BLSM) cash assistance programs on children’s participation in work and their working hours in Indonesia using IFLS Wave 5 data, focusing on 2,530 working children aged 5–14 years. Since beneficiary and non-beneficiary households differ in observable characteristics, the analysis addresses potential selection bias and endogeneity through a bivariate probit model that jointly estimates child labor participation and program receipt. The findings indicate that PKH reduces children’s involvement in household chores; however, both PKH and UCT increase the likelihood of children engaging in economic activities, suggesting a shift rather than a reduction in child labor. Cash assistance is also positively associated with longer working hours, particularly among UCT recipients in economic and combined work sectors and PKH recipients in domestic and combined sectors. These effects are more pronounced among girls, older children, and those living in rural or non-Java regions. Overall, the results show that current cash transfer schemes have not fully alleviated household dependence on child labor. Enhancing program effectiveness requires adjustments to benefit adequacy, integration with family economic empowerment initiatives, and regionally responsive policy designs.

Priority Programs Village Community Empowerment In Achievement Sustainable Development Goals (SDGs) in the Regency Bengkalis

Devi Deswimar — 2025-12-05

Village community empowerment is a strategic priority in reducing poverty in Bengkalis Regency, Riau Province. Bengkalis Regent Regulation Number 74 of 2021 mandates the strengthening of village institutions—such as BUMDes, LPM, PKK, and Posyandu—as key drivers for achieving Sustainable Development Goals (SDGs). The Community and Village Empowerment Office implements various training and capacity-building programs to enhance community independence through improved knowledge, skills, behavior, and the effective use of local resources. This study employs a qualitative descriptive approach to explore government officials’ and community members’ perceptions and experiences in implementing sustainable development through priority empowerment programs. The findings show that SDGs achievement in 2022 reached an average of 90% across assessed indicators, supported by active participation of village governments and communities, an increasing number of independent villages, and the growth of Village-Owned Enterprises. PKK and Posyandu activities also show significant improvement. Despite these achievements, challenges persist, including limited human resource capacity in managing local institutions, low productivity of BUMDes, and weak organizational capacity within village governance structures, particularly LPM.

Analysis of Factors Affecting Company Value with Dividend Policy as an Intervening Variable in Companies Listed on IDX80 Indonesia Stock Exchange

Edelheid Yuliana Veren Atanus — 2025-12-05

This study aims to analyze the influence of intellectual capital, good corporate governance , and dividend policy on profitability and firm value, and to examine the role of profitability as a mediating variable in this relationship. The study sample consisted of 42 companies selected using purposive sampling from a total of 80 companies in the population. Data analysis was conducted using SEM-PLS operated by SmartPLS 3.0. The results show that intellectual capital has a positive and significant effect on profitability, while good corporate governance and dividend policy have no positive and insignificant effects on profitability. Furthermore, intellectual capital and dividend policy have a positive and significant effect on firm value, while good corporate governance does not have a positive and significant effect on firm value. Profitability is proven to mediate the effect of intellectual capital on firm value, but does not mediate the effect of good corporate governance and dividend policy on firm value

How Trade War Shocks Shape Reserve Accumulation? Evidence from MENA Countries

Riskiana Riskiana — 2025-12-12

The study examines the effects of trade war tensions, exchange rate volatility, and financial depth on foreign exchange reserves in 14 MENA countries from 2000 to 2024. Using the Panel Vector Error Correction Model (PVECM), the analysis captures both short-run dynamics and long-run equilibrium relationships. Stationarity and cointegration tests confirm that all variables are integrated at the I(1) level and exhibit a stable long-term relationship. The PVECM results show that none of the key variables significantly affect FER in the short term. In the long term, however, TWI demonstrates a positive and significant impact, indicating that prolonged global trade tensions encourage MENA countries to increase reserve accumulation as a precautionary response to external uncertainty. Conversely, FD exerts a negative and significant long-term effect, suggesting that deeper financial markets may reduce reserve holdings through greater foreign currency demand and increased financial openness. Meanwhile, ERV shows a negative long-term relationship with FER but lacks statistical significance in either the long or short term, indicating that exchange rate fluctuations do not directly drive reserve adjustment behavior in MENA economies. These findings highlight the importance for policymakers to strengthen external resilience and manage financial sector development carefully to ensure foreign exchange reserve stability amid intensifying global geopolitical tensions.

Keywords: Foreign Exchange Rate, Trade War, Exchange Rate Volatility, Financial Depth

Price Discounts, Sales Promotions, and In-Store Displays as Drivers of Consumer Purchase Intention: Consumer Trust as a Mediator

Alvin Valerian — 2025-12-12

This study investigates how price discounts, sales promotions, and in-store display strategies influence consumer purchase intention, with consumer trust examined as a mediating variable. A quantitative approach is applied using a structured questionnaire distributed to 135 customers of Toserba Luwes Wonogiri selected through purposive sampling. Five variables price discount, sales promotion, in-store display, consumer trust, and purchase intention are measured using operational indicators and assessed on a five-point Likert scale. Data are analyzed using SmartPLS after validity, reliability, and classical assumption testing to ensure model suitability. The results demonstrate that price discounts, sales promotions, and in-store displays significantly and positively influence purchase intention. Consumer trust also shows a significant direct effect while acting as a mediator that strengthens the influence of marketing strategies on purchasing interest. Although the research provides meaningful academic and managerial implications, it is limited by the scope of variables and reliance on self-reported online responses. Future studies are recommended to integrate additional behavioral factors and apply broader methodological approaches.

Green Economy Transition Strategy in Regional Development, A Study of Energy Efficiency and Social Inclusion in Makassar

Tahir Tahir — 2025-12-12

The transition toward a green economy in urban areas requires the integration of energy efficiency and social inclusion as two fundamental pillars of sustainable development. Makassar City, as the economic center of Eastern Indonesia, is experiencing increasing energy consumption, environmental pressures, and widening social disparities, necessitating a well-directed transition strategy supported by empirical evidence. This study aims to analyze the conditions and challenges of energy efficiency, identify the level of social inclusion within green development programs, and formulate an integrative strategy that can be implemented by local governments. A qualitative approach was employed through in-depth interviews, observations, and document analysis involving various stakeholders, including government institutions, environmental NGOs, academics, and vulnerable community groups. The findings indicate that energy efficiency programs in Makassar remain in the early stages of implementation and are dominated by top-down approaches, thereby failing to generate substantial changes within household and MSME sectors. Social inclusion is also found to be limited, as evidenced by the lack of participation from vulnerable groups in the planning and evaluation processes of green development initiatives. Moreover, weak cross-sectoral coordination has resulted in energy policies and social policies operating independently, hindering the effectiveness of a comprehensive green economy transition. The study formulates an integrative strategy combining institutional strengthening, expanded access to energy-efficient technologies, enhanced community energy literacy, and reinforced participatory mechanisms as pathways toward a low-emission and socially equitable regional development framework. These findings are expected to provide substantive contributions to local energy policy formulation and enrich the scientific literature on urban green economy transitions in Indonesia.

Systematic Literature Review on the Influence of Religiosity on Investment Decisions and the Mediating Roles of Norms-Moral, and Prudence Risk

Jenisa Andini — 2025-12-25

This study explores the impact of religiosity on investment preferences, focusing on direct effects and mediation through moral norms and precautionary risk. A systematic literature review (SLR) was conducted using the PRISMA protocol, analyzing studies published between 2009 and 2025. The review demonstrates that religiosity significantly influences investment decisions through these two mechanisms. Moral norms play a crucial role in shaping investment choices, particularly for religiously driven investors, while precautionary risk leads more religious individuals to prefer safer investment options. Additionally, the study identifies key theories commonly employed in the literature, such as Social Identity Theory and Theory of Planned Behavior (TPB), while also highlighting underexplored theories that could further enhance understanding of how religiosity impacts investment behavior. These gaps suggest opportunities for future research to apply these theories, especially in contexts like Islamic finance or emerging markets, to deepen the understanding of the relationship between religiosity and investment preferences.

The Role of Transformational Leadership in Improving Employee Performance Through A High-Performance Work System As A Mediation

Abraham Jordy Winarto — 2025-12-26

Optimal employee performance is a crucial aspect in the banking industry, which is characterized by high pressure, demanding targets, and complex service processes. Bank Mandiri, as one of the largest banks in Indonesia, faces ongoing challenges in maintaining superior human resource performance within an increasingly dynamic and competitive environment. In this context, leadership and work systems play a vital role in supporting both individual and organizational performance. This study aims to examine the role of transformational leadership in enhancing employee performance through the implementation of a high-performance work system (HPWS) and the facilitation of knowledge sharing as mediating variables. The study adopts a quantitative explanatory approach, with data collected through questionnaires distributed to employees of Bank Mandiri in Semarang City. Data were analyzed using Structural Equation Modeling (SEM) with the support of AMOS software. The findings indicate that transformational leadership positively influences employee performance and the implementation of HPWS. HPWS is also found to have a positive effect on employee performance and knowledge sharing, while knowledge sharing contributes positively to employee performance. Furthermore, the results demonstrate that HPWS plays a significant mediating role in the relationship between transformational leadership and employee performance. The combined mediation of HPWS and knowledge sharing further strengthens this relationship. Overall, these findings highlight the importance of effective leadership, well-designed work systems, and a strong knowledge-sharing culture in optimizing employee performance within the banking sector.

The Influence Of ESG (Environmental, Social, Governance) and Company Size On Financial Performance

Yasinta Nurhayati Sonya — 2025-12-26

This study employed a quantitative method with a causal associative approach. The sample was determined through purposive sampling and selected 37 energy sector companies that met the criteria, resulting in 185 observations over the five years of the study. Data analysis was performed using multiple linear regression, preceded by classical assumption tests, including tests for normality, multicollinearity, heteroscedasticity, and autocorrelation. Based on the analysis, the Environmental variable significantly impacted the financial performance (ROA) of energy sector companies, with a positive regression coefficient of 0.263 and a significance value of 0.037. The Social variable significantly impacted financial performance (ROA), with a regression coefficient of 0.308 and a significance value of 0.032. The governance variable significantly influences financial performance (ROA), with a regression coefficient of 0.0276 and a significance value of 0.028. Firm size has the strongest and most significant influence on financial performance (ROA), with the largest regression coefficient of 0.715 and a significance value of 0.000.

Optimizing Local Economic Potential to Increase Regional Food Security through Village-Owned Enterprises Empowerment (Mixed Method: Explanatory Sequential Design)

Rahmat Alhakim — 2025-12-26

This study aims to identify and optimize local economic potential to strengthen regional food security through the empowerment of Village-Owned Enterprises (BUMDes) in Cilacap Regency. Using a mixed-method explanatory sequential design, quantitative analysis was conducted through Klassen Typology, Static and Dynamic Location Quotient (LQ–DLQ) to identify base and prospective agricultural commodities across sub-districts. The results were further elaborated using the Analytic Hierarchy Process (AHP) involving key stakeholders. The findings indicate that rice remains a permanent base commodity, while cassava, soybeans, and sweet potatoes show strong potential for future development. Strategic priorities emphasize food diversification, institutional strengthening of BUMDes, and multi-stakeholder collaboration to support regional food security and the Free Nutritious Meal (MBG) program

The Effect of Service Quality and Product Excellence on Customer Satisfaction and Loyalty

Zahra Dini Nugroho — 2025-12-26

The increasingly intense competition in the banking industry and shifts in customer behavior driven by rapid digitalization have made service quality and product excellence critical factors in maintaining customer satisfaction and loyalty. Bank Mandiri Semarang Pemuda Area, as a service unit with high transaction volumes and diverse customer characteristics, must ensure that its services and products consistently meet customer needs and expectations. This study aims to examine the influence of service quality and product excellence on customer loyalty, with customer satisfaction serving as a mediating variable. A quantitative approach with an explanatory research design was employed, involving active customers selected through purposive sampling. Data were analyzed using structural equation modeling with AMOS software. The findings indicate that service quality and product excellence positively influence customer satisfaction. While service quality does not directly affect customer loyalty, product excellence shows a direct positive relationship with loyalty. Customer satisfaction plays a key mediating role and emerges as the most important factor in strengthening customer loyalty. These results highlight the strategic importance of improving both service delivery and product attributes to enhance customer satisfaction, which in turn fosters long-term loyalty in the banking sector.

Lifestyle and Social Media Marketing as Drivers of Electronic Word of Mouth and Their Impact on Generation Z’s Online Batik Purchase Decisions

Falahy Mohamad — 2025-12-26

Changes in the digital lifestyle of younger generations and the growing intensity of social media use have significantly transformed consumption patterns, including the online purchase of cultural products such as batik. Although batik has gained increasing visibility in digital spaces, the level of participation of Generation Z in online batik purchasing remains relatively limited. This study aims to examine the influence of lifestyle and social media marketing on positive electronic word of mouth (e-WOM) and their impact on online batik purchase decisions among Generation Z. The study employed a quantitative research approach, with batik consumers in Indonesia as the population. Samples were selected using purposive sampling criteria, including individuals aged 17–25 years who had previously purchased batik online and were familiar with the Berkain Bersama Movement. Data were collected through structured questionnaires and analyzed using the SEM–SmartPLS approach. The findings indicate that lifestyle and social media marketing positively influence positive e-WOM as well as online batik purchase decisions. Furthermore, positive e-WOM emerges as the most influential factor in shaping purchase decisions and plays a mediating role in the relationship between lifestyle, social media marketing, and purchasing decisions. These results highlight the strategic importance of integrating digital lifestyle alignment, effective social media marketing, and positive e-WOM to enhance Generation Z’s engagement and purchasing interest in cultural products within the digital marketplace.

How Work Stress and Employee Well-Being Shape Turnover Intention: Evidence from the Mediating Role of Employee Engagement

Evi Dwi Meilani — 2025-12-27

This investigation interrogates the ramifications of occupational strain and employee flourishing on the proclivity toward workforce attrition, concurrently examining the intercessory function of workforce engagement. Employing a sample of 103 participants, data were interrogated via SmartPLS analytics. Empirical evidence evinces that both occupational strain and employee flourishing exert substantive impacts on workforce engagement. Notably, employee flourishing demonstrably attenuates attrition proclivity, whereas occupational strain exacerbates it. Contrarily, workforce engagement does not manifest a statistically meaningful influence on attrition tendencies. Mediation analyses further corroborate that engagement fails to function as a conduit between either occupational strain or employee flourishing and attrition inclination. These insights insinuate that engagement alone is not a determinative mechanism in mitigating attrition, whereas employee flourishing constitutes a more potent determinant of employees’ intent to remain embedded within organizational structures.

Political Connections, Capital Intensity, The Existence of A Risk Management Committee, and Real Earnings Management on Tax Aggressiveness

Anggi Pratiwi — 2025-12-27

This study examines the determinants of tax aggressiveness in Indonesian consumer non-cyclical manufacturing firms listed on the Indonesia Stock Exchange between 2021 and 2024, focusing on Political Connections, Capital Intensity, Risk Management Committee, and Real Earnings Management. Using a quantitative approach, data were collected from 175 purposively selected firms with complete financial reports, consistent profitability, and statements in Indonesian Rupiah. Tax aggressiveness was measured by Effective Tax Rate, while other variables were operationalized using appropriate quantitative proxies. Multiple linear regression analysis reveals that only Capital Intensity significantly influences tax aggressiveness, whereas Political Connections, Risk Management Committee, and Real Earnings Management show no significant effect. The adjusted R² of 0.042 indicates that most variation in tax aggressiveness is explained by factors outside the scope of this study. Future research should consider larger samples, longer periods, and additional governance and earnings management variables to gain a more comprehensive understanding.