Proceeding ICAMEKA: International Conference Accounting, Management & Economics Uniska
Proceeding International Conference on Accounting, Management & Economics Uniska (ICAMEKA), published by the Departement Faculty of Economics, Universitas Islam Kadiri (UNISKA), Kediri, Jawa Timur, Indonesia, which aims to provide a platform for academics, researchers and practitioners from around the world to share the latest knowledge, ideas and research which includes articles on the scientific research field of Economics, Management, Accounting, Tax ICAMEKA published once a year in October
Fakultas Ekonomi Universitas Islam Kadiri (UNISKA) Kediri
The Effect Of Tax Rates, Penalties, Taxpayer Awareness, and Tax Knowledge On MSME Taxpayer Compliance
This study aims to examine the effect of tax rates, penalties, taxpayer awareness, and tax knowledge on the tax compliance of MSMEs. This study uses a population of MSMEs registered in Sidoarjo Regency with a sample of 90 MSMEs. This study uses SPSS 30.0 software. The results of this study indicate that tax rates and penalties do not affect the tax compliance of MSMEs, while taxpayer awareness and tax knowledge do affect the tax compliance of MSMEs
Copyright (c) 2025 Khairunnisa Alvania Zhafira, Heni Agustina https://creativecommons.org/licenses/by-sa/4.0
Optimization of Business Sustainability: Break-Even Point and Margin of Safety Analysis in the "Aneka Rasa Puspita" Cracker Business Sector
Business sustainability is a fundamental prerequisite for ensuring long-term financial viability and mitigating the negative externalities of commercial operations. Consequently, this study was undertaken to analyze the optimization of business sustainability utilizing the Break-Even Point (BEP) and Margin of Safety (MOS) metrics within the Puspita assorted-flavor cracker enterprise, situated in Wonotirto District, Blitar Regency. The derived information serves as a crucial foundation for managerial decision-making, specifically in the domains of profit planning and sales control. The methodological approach employed was a qualitative descriptive design. Data collection involved direct observation, interviews, and documentation. The analytical focus centered on calculating the break-even point in both unit and monetary (rupiah) terms, alongside the computation of the Margin of Safety to establish the secure threshold for sales reduction before incurring financial losses. The research findings demonstrate that the "Aneka Rasa Puspita" cracker business is currently operating above its break-even point. This signifies that the enterprise successfully covers all fixed and variable costs and is generating a profit. Furthermore, the calculated Margin of Safety exhibits a relatively high value, which indicates that the business possesses a robust level of operational security against potential decreases in sales volume. These findings offer a significant contribution to operational and strategic decision-making for Micro, Small, and Medium Enterprise (MSME) stakeholders, particularly in formulating policies regarding selling prices, sales targets, and cost control
Copyright (c) 2025 Henni Indarriyanti, Arif Wahyudi, Endah Masrunik https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF DIGITAL MARKETING, CUSTOMER RELATIONSHIP MARKETING AND PRICE ON PURCHASE DECISIONS AND PURCHASE INTEREST THROUGH BRAND IMAGE AS AN INTERVENING VARIABLE AT LABUAN CAFE, BRONDONG DISTRICT (STRUCTURAL EQUATION MODELING (SEM) METHOD – PARTIAL LE
In the era of globalization, the business world, particularly SMEs, is growing rapidly, accounting for 99% of all business units in Indonesia (Coordinating Ministry for Economic Affairs, 2022). Fierce competition also exists in the culinary industry, including cafes in Brondong District, with many new cafes offering their own unique offerings. Cafes are now popular places for gatherings, working, and meetings, making marketing strategies key to attracting customers. This research uses a quantitative approach with a sample size of 912. The analysis method used is SEM with Smart PLS version 3.0. The tests used are the Outer Model Test, the Inner Model Test, the Mediation Test, and the Hypothesis Test. The Validity test results show that the Factor Loading value is greater than 0.7 and the AVE value is greater than 0.5, indicating validity. In the Reliability test, Composite Reliability and Cronbach's Alpha values above 0.7 are considered reliable. It can be concluded that the Digital marketing variable has a positive and significant influence on purchasing decisions, Digital marketing has a positive and significant influence on purchasing interest, Digital marketing has a positive and significant influence on brand image, Customer relationship marketing has a positive and significant influence on purchasing decisions, Customer relationship marketing has a positive and significant influence on purchasing interest, Customer relationship marketing has a positive and significant influence on brand image, Product quality has a significant positive influence on purchasing decisions Product quality has an insignificant positive influence on purchasing interest Product quality has a significantly positive influence on brand image Price has a negative and insignificant influence. on purchasing decisions. Price has a negative and insignificant influence on purchase interest. Price has a positive and significant influence on brand image. Brand image has a positive and significant influence on purchasing decisions, Brand image has a positive and significant influence on purchasing interest
Copyright (c) 2025 Frengky Whyudi, Sutinem, Abid Muhtarom, Mohammad Yaskun https://creativecommons.org/licenses/by-sa/4.0
The Effects of Good Governance and Internal Control Systems on Government Performance: An Empirical Study in Madiun Regency
This study aims to: (1) analyze the effect of good governance on the performance of the Madiun Regency Government, (2) analyze the effect of the internal control system on the performance of the Madiun Regency Government, and (3) analyze the joint effect of good governance and the internal control system on the performance of the Madiun Regency Government. The study population included all government offices within Madiun Regency, with a total of 18 offices. The sample was selected using a purposive sampling technique, consisting of 36 leaders from these offices. Data were analyzed using multiple linear regression with the SPSS program. The results indicate that good governance does not have a significant effect on government performance. In contrast, the internal control system was found to have a significant positive effect on performance. Furthermore, good governance and the internal control system jointly have a significant effect on the performance of the Madiun Regency Government
Copyright (c) 2025 Nurharibnu Wibisono , Syarifah Ratih Kartika Sari, Tria Widayati https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF DOMESTIC INVESTMENT, GOVERNMENT SPENDING, AND OPEN UNEMPLOYMENT RATE ON THE GROSS REGIONAL DOMESTIC PRODUCT OF EAST JAVA 2020-2024
Economic growth is one indicator that reflects the level of success of a country's economic development. The indicator used to assess the level of economic growth in a region is Gross Regional Domestic Product (GRDP). This study aims to determine the effect of Domestic Investment, Government Spending, and Open Unemployment Rate on Regional Domestic Product in East Java Province, both simultaneously and partially. The data used is secondary data according to Regencies/Cities in East Java Province for the years 2020-2024. The method used in this study is the panel data regression method. The results of this study indicate that simultaneously and partially, Domestic Investment, Government Spending, and Open Unemployment Rate affect the GRDP of East Java.
Copyright (c) 2025 Naila Laila Rahma Haq, Fajar Supanto, Lutfi Asnan Qodri, Aris Siswati https://creativecommons.org/licenses/by-sa/4.0
Empowering Sharia MSMEs for Inclusive Economic Growth: A Study of the Role of Sharia Financing for MSMEs in East Java Province
Islamic Micro, Small, and Medium Enterprises (Islamic MSMEs) play a vital role in the regional economic structure as they contribute significantly to job creation, poverty reduction, and the strengthening of local economic resilience. This study aims to analyze the impact of Sharia-based financing on the performance and sustainability of Islamic MSMEs in East Java Province, focusing on the regions of Surabaya, Malang, and Jember. The research employs a quantitative approach using panel data from 2016 to 2023 and estimates the Fixed Effect Model (FEM). The results indicate that Sharia financing has a positive and significant effect on increasing the income and production capacity of Islamic MSMEs. Furthermore, interviews with MSME actors reveal that the values of justice, partnership, and blessing embedded in Sharia financing practices serve as non-material factors that strengthen long-term relationships between entrepreneurs and Islamic financial institutions. The policy implications highlight the importance of strengthening the Islamic MSME ecosystem through enhanced financial literacy, managerial training, and the digitalization of financial services to promote inclusive and equitable economic growth.
Copyright (c) 2025 Orchidea Widi Puspita Yolanda https://creativecommons.org/licenses/by-sa/4.0
Social Cohesion for Sustainable Urban Development: Evidence From Kediri City
Social cohesion is becoming a key issue in efforts to achieve well-functioning societies at the local and national levels. Many academics and institutions consider social cohesion as a key driver to enable societies to achieve their well-being, reduced inequality and greater prosperity. Social cohesion is formed from harmony and tolerance. Kediri City's Religious Harmony Index (IKUB) increased consistently from 3.97 in 2021 to 4.47 (2022), then 4.55 (2023), and 4.56 in 2024, indicating a very high level of harmony. In addition, Kediri City has also managed to maintain its position as one of the top 10 most tolerant cities in Indonesia for several consecutive years. In terms of the economy, Kediri City's GRDP growth rate is 2.50% (2021), 3.96% (2022), 1.92% (2023), and rising again to 3.43% in 2024. Meanwhile, investment realization in Kediri City shows positive growth with a total of IDR 1.54 trillion in 2024-up from IDR 1.34 trillion in 2023-or exceeding the annual target by 15.36%. This study seeks to examine the extent to which social cohesion determines economic development in Kediri City. To that end, a structured literature review was conducted with reference to the five dimensions of social cohesion proposed by Jane Jenson (1998). The study found that there is a strong relationship between social cohesion and economic growth at the local level. It is important for municipalities to provide a conducive environment that allows them to optimally benefit from local business growth in various sectors, stable investment, as well as more tourism visits
Copyright (c) 2025 Adi Wicaksono , Salim Darmawan https://creativecommons.org/licenses/by-sa/4.0
Linking Ownership Structure and Liquidity to Financial Distress: The Moderating Role of Profitability
Financial distress is a critical issue that can threaten corporate sustainability, making it essential to identify the factors that may influence its occurrence. This study analyzes the impact of institutional ownership, managerial ownership, and liquidity on financial distress, with profitability as a moderating variable. The research focuses on non-primary consumer goods companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2024 and employs a quantitative method using panel data regression with the Random Effect Model (REM). The findings show that managerial ownership, institutional ownership, and liquidity do not significantly influence financial distress. In contrast, profitability has a positive and significant effect, indicating that higher profitability may increase financial distress risk, possibly due to overexpansion or aggressive investment strategies. Profitability does not strengthen the effect of managerial or institutional ownership on financial distress, but it significantly moderates the relationship between liquidity and financial distress. This suggests that companies with strong profitability can utilize liquidity more effectively to ease financial pressure. The study highlights that ownership structure alone is insufficient to prevent financial distress without solid financial performance. Companies are advised to maintain healthy profitability and manage liquidity effectively to enhance financial stability
Copyright (c) 2025 Amalia Berliani Putri Kartika, Iwan Purwanto Sudjali https://creativecommons.org/licenses/by-sa/4.0
Sustainability Reporting and Earnings Management: Between Transparency and Legitimacy - A Systematic Literature Review
This research investigates the connection between sustainability reporting and earnings management via a systematic literature review of global studies released from 2019 to 2025. The study seeks to examine the role of sustainability disclosure in balancing transparency and legitimacy in corporate reporting. Employing a qualitative descriptive method, twenty articles indexed in Scopus were analyzed to uncover theoretical patterns and empirical trends across different nations and sectors. The results indicate that superior sustainability reporting and external verification enhance corporate transparency and limit earnings manipulation, aligning with stakeholder and signaling theories. Nonetheless, data from developing economies shows that sustainability reporting is frequently utilized symbolically to uphold legitimacy or conceal opportunistic actions, as clarified by legitimacy and institutional theories. These varied outcomes illustrate that the connection between ESG and earnings management is influenced by the context, including the robustness of governance, regulatory enforcement, and the motives of management. The research underscores the twofold aspect of sustainability reporting—serving either as a true accountability tool or a legitimacy cover—and stresses the necessity for standardized frameworks, trustworthy assurance, and ethical governance to guarantee that sustainability communication demonstrates real rather than merely symbolic transparency
Copyright (c) 2025 Aluna Kirana Putri Sufianoor, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
Price, Customer Experience, e-WOM, Customer Loyalty, Shopee
This research is motivated by the complexity of the global financial market, a deep understanding of investment instruments is key for investors. The purpose of this study in general is to analyze the level of accuracy of stock returns on investment decisions with investment risk as an intervening variable and to provide alternative solutions in making investment decisions on stocks. This study uses a quantitative research method. The company data used as a sample in this study are 10 Manufacturing Companies in the Food and Beverages Sub-Sector Listed on the Indonesia Stock Exchange (IDX) for the 2020-2023 Period using a purposive sampling technique. The results of this study are: (1) The Stock Return Variable (X1) partially has a significant effect on Investment Risk (Z) with a significant value of 0.000 < 0.05, it is stated that H0 is rejected and H1 is accepted, (2) The Stock Return Variable (X2) partially does not have a significant effect on Investment Decisions (Y) with a significant value of 0.952 > 0.05, it is stated that H0 is accepted and H2 is rejected, (3) The Investment Risk Variable (X3) partially does not have a significant effect on Investment Decisions (Y) with a significant value of 0.841 > 0.05, it is stated that H0 is accepted and H3 is rejected, (4) The indirect effect of Stock Return (X4) on Investment Decisions (Y) through Investment Risk (Z) is 0.0701. And it is known that the t-value on the Z variable has a value of 910.760 > 1.684. This means that Investment Risk (Z) does not significantly mediate the relationship between Stock Return (X6) and Investment Decision (Y) (Mediation Hypothesis Rejected), (5) This study shows that in making investment decisions it is very important to understand the characteristics of each instrument. Where stocks offer the potential for high profits with greater risk. Therefore, it is very important for investors to study, consult and understand in depth with financial planners before making investment decisions
Copyright (c) 2025 Dewi Mayang Sari, Annisa Aulia Izzati, Shindy Dwita Nuansari https://creativecommons.org/licenses/by-sa/4.0
IT Governance and Firm Value: The Mediating Role of Financial Performance in the Indonesian Banking Industry
Pandemi COVID-19 telah mempercepat transformasi digital sektor perbankan Indonesia. Keadaan ini memotret pentingnya tata kelola teknologi informasi (IT Governance) dalam strategi perusahaan perbankan di Indonesia. Objek penelitian difokuskan pada perusahaan perbankan konvensional yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021–2023 dengan menggunakan metode purposive sampling diperoleh 119 perusahaan perbannkan sebagai sampel. IT Governance diukur dari (INDBRD, CEFOIT, CITO, ITSTRCOMPT, BIG4, KADIVIT), nilai perusahaan diproksikan dengan Price to Book Value (PBV) dan kinerja keuangan dengan Return on Assets (ROA). Analisis data dilakukan menggunakan regresi data panel dengan software EViews. Hasil penelitian menunjukkan bahwa, IT Governance tidak berpengaruh terhadap nilai Perusahaan, IT Governance tidak berpengaruh terhadap kinerja keuangan, Kinerja keuangan berpengaruh terhadap nilai perusahaan. Kinerja keuangan tidak dapat memediasi hubungan antara IT Governance dan nilai perusahaan. Temuan ini menunjukkan bahwa meskipun IT Governance berperan dalam meningkatkan transparansi operasional dan pengendalian risiko, implementasinya di sektor perbankan Indonesia belum mampu memberikan peningkatan signifikan terhadap nilai perusahaan.
Copyright (c) 2025 Mohammad Samsul Huda, Noor Wahyudi https://creativecommons.org/licenses/by-sa/4.0
The Effect of Good Corporate Governance on Financial Reporting Quality of BEI Listed Banking Companies
Good Corporate Governance (GCG) reflects a company's commitment to transparency, accountability, and integrity in achieving corporate goals. The implementation of GCG mechanisms such as audit committees, independent commissioners, and boards of commissioners plays an important role in building stakeholder trust and ensuring the credibility of financial reporting. In recent years, GCG has gained attention as a major factor influencing the quality of financial reporting and controlling earnings management practices. This study aims to examine the effect of GCG on the quality of financial reporting in Indonesian banking companies, emphasizing its role in improving corporate accountability and performance. The method used is a systematic literature review by examining various previous studies on the effectiveness of GCG mechanisms in improving financial reporting transparency. The results show that the independence of the board of commissioners has a positive effect in suppressing earnings management, while the audit committee and board of commissioners often show limited or inconsistent effects. Overall, the effectiveness of GCG is highly dependent on the competence, independence, and active involvement of governance bodies, so strengthening the implementation of GCG is necessary to improve the credibility of financial reports and stakeholder trust
Copyright (c) 2025 Rachmad Ramadhan, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
FACTORS AFFECTING SUSTAINABILITY QUALITY STANDARD OF MANUFACTURE AND BANKING COMPANY IN INDONESIA
This study investigates the factors influencing the quality of sustainability report implementation based on the Global Reporting Initiative (GRI) Standards among manufacturing and banking companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The growing expectation for transparency and accountability in corporations has encouraged companies to release sustainability reports.; however, differences in governance capacity and industry characteristics often lead to inconsistent reporting quality. This study contributes to the literature by integrating legitimacy theory and stakeholder theory to explain how corporate governance mechanisms and firm characteristics affect sustainability disclosure. Using a quantitative approach with purposive sampling, 137 companies were selected as research samples. Multiple regression analysis was employed to examine the effects of Industry Type, Board of Commissioners’ Effectiveness, and Firm Size on Sustainability Report Quality (SRQ). The results show that Industry Type does not significantly influence SRQ, whereas Board of Commissioners’ Effectiveness and Firm Size both have significant positive effects. The results suggest that companies with stronger board effectiveness and greater operational capacity tend to generate more thorough and reliable sustainability reports.. This study highlights the importance of strengthening governance oversight and adopting GRI Standards as a strategic communication tool rather than merely a compliance requirement. The findings offer important insights for regulators, corporations, and academics aiming to improve the quality and trustworthiness of sustainability reporting in Indonesia
Copyright (c) 2025 Arneta Rahmadina, Iwan Purwanto Sudjali https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF FLASH SALES, FREE SHIPPING, AND CASHBACK ON THE BUYING INTEREST OF GENERATION Z CONSUMERS IN ONLINE PURCHASES (CASE STUDY OF TIKTOK SHOP E-COMMERCE CONSUMERS IN KANDANGSEMANGKON VILLAGE)
This study analyzes the influence of flash sales, free shipping, and cashback on Generation Z's purchasing interest in Kandangsemangkon Village through TikTok Shop. Using quantitative methods with 95 respondents and SPSS analysis, the findings indicate that all three variables have a positive and significant impact, both individually and collectively. Free shipping is the most dominant factor in driving purchasing interest
Copyright (c) 2025 Kalili Niswani, Muhamad Imam Syairozi, Abdul Ghofur, Mohammad Yaskun, Abid Muhtarom https://creativecommons.org/licenses/by-sa/4.0
An Analysis of Tax Avoidance: The Impact of Financial Performance with the Tax Harmonization Law (UU HPP) As A Moderating Variable
This study aims to analyze the influence of financial performance proxied through Return on Assets (ROA), Debt to Equity Ratio (DER), and Firm Size on Tax Avoidance with the Law on Harmonization of Tax Regulations (UU HPP) as a moderation variable. This study uses a quantitative approach with a descriptive method. Population is a company listed on the Indonesia Stock Exchange (IDX) for the 2019–2024 period. Samples are determined through purposive sampling techniques. Data analysis was carried out using the Moderated Regression Analysis (MRA) test. The results showed that partially, ROA, DER and firm size did not have a significant effect. The HPP Law is also unable to moderate the relationship between financial performance and tax avoidance
Copyright (c) 2025 Siti Nur Amalis Sholikhah, Marhaendra Kusuma, Miladiah Kusumaningarti https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Application of the First In First Out (FIFO) Method on Operational Management Efficiency
This study analyzes the application of the First In First Out (FIFO) method in improving operational management efficiency. Using a quantitative approach with survey methods and financial data analysis, this research was conducted in manufacturing companies in East Java. The results show that the implementation of FIFO has a significant positive effect on inventory management efficiency, reduces waste, and improves cost accuracy. However, challenges were identified in system implementation and employee training. These findings contribute to operations management literature by providing empirical evidence of FIFO's impact on operational efficiency in developing economies. The study recommends proper training and system integration to maximize FIFO benefits.
Copyright (c) 2025 Lusia Wulandari Sutejo, Amsirun https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF TRANSFORMATIONAL LEADERSHIP AND ORGANIZATIONAL CULTURE ON LECTURERS' PERFORMANCE WITH ORGANIZATIONAL COMMITMENT AS A MEDIATION VARIABLE
This study aims to analyze the influence of transformational leadership and organizational culture on lecturer performance, with organizational commitment as a mediating variable at a new private university, Universitas PGRI Mpu Sindok, Nganjuk. This university is the result of a merger of two institutions, STKIP PGRI Nganjuk and STIE Nganjuk, which was established in 2024. This merger presents unique challenges, particularly related to differences in leadership styles and organizational culture, which have implications for lecturer performance. The additional burden arising from the accreditation requirements of new study programs, as well as the mismatch between leadership practices and transformational leadership indicators, has resulted in suboptimal lecturer performance in learning, research, and community service. This study used a quantitative approach with a survey method. The study population was all 64 permanent lecturers at Universitas PGRI Mpu Sindok, using a total sampling technique. Data analysis was conducted using Partial Least Squares – Structural Equation Modeling (PLS-SEM) using the SmartPLS 4 application. The results of the study indicate that: (1) transformational leadership has a significant negative effect on lecturer performance, but a significant positive effect on organizational commitment; (2) organizational culture has a significant positive effect on both lecturer performance and organizational commitment; (3) organizational commitment has a significant positive effect on lecturer performance; (4) organizational commitment mediates the effect of transformational leadership on lecturer performance; and (5) organizational commitment mediates the effect of organizational culture on lecturer performance. The implications of this study are that theoretically, the research strengthens theories of leadership and organizational behavior, which emphasize the importance of organizational commitment as a mediating variable. Managerially, the results provide recommendations for new private university leaders to optimize more applicable transformational leadership and strengthen an inclusive and collaborative organizational culture.
Copyright (c) 2025 Rendi Dwi Apriansa, Endang Suswati, Tri Cicik Wijayanti https://creativecommons.org/licenses/by-sa/4.0
Building Climate-Resilient Budgets in Developing Economies: An fsQCA Approach to Fiscal Rules, Green Spending, and Institutional Quality
This study investigates how fiscal rules, green spending, institutional quality, and climate vulnerability interact to foster climate-resilient budgets in developing economies. Using a fuzzy-set Qualitative Comparative Analysis (fsQCA) approach, it identifies multiple sufficient configurations that explain fiscal resilience under environmental stress. Data were drawn from the IMF Fiscal Rules Dataset, OECD green budgeting indicators, World Bank Governance Indicators, and the ND-GAIN Index for 11 developing countries in 2022. Each variable was calibrated into fuzzy-set values (0–1) to capture their degree of membership in the outcome set of budget resilience. The analysis reveals two main pathways: (1) a Fiscal–Institutional Path (FR × IQ × ~CV), where fiscal rules supported by strong institutions and low climate vulnerability yield budget resilience even with limited green expenditure; and (2) a Green–Governance Path (GS × IQ × ~CV), where green spending contributes to resilience when reinforced by effective institutions and environmental stability. Both configurations highlight institutional quality and climate resilience as core enabling conditions. The findings underscore that fiscal stability in climate-vulnerable economies depends on institutional complementarity the interaction of fiscal discipline, governance capacity, and environmental management and provide policy guidance for building sustainable and resilient fiscal frameworks
Copyright (c) 2025 Bella Cindy Thalita https://creativecommons.org/licenses/by-sa/4.0
The Effect of Firm Size on Financial Performance: The Moderating Role of External Pressure
This research aims to examine how company size affects financial performance, with external pressure as a factor influencing this relationship. This research was conducted on companies in the hotel, restaurant, and tourism subsector listed on the Indonesia Stock Exchange (IDX) during the 2024–2025 period. The analysis was conducted using the panel data regression method on 31 companies with a total of 155 data points, to examine how internal company characteristics interact with external pressures, particularly pressure from government regulations. The results indicate that large companies tend to have lower financial performance due to operational inefficiencies and high fixed costs. However, external pressure did not moderate the relationship between firm size and financial performance, meaning government efficiency policies did not directly decrease firm profits. This finding supports the contingency theory that internal factors remain the primary determinants of performance despite external pressures. This research emphasizes that external pressure can be an opportunity for innovation and strategic adaptation. From a practical standpoint, companies in the tourism sector are advised to view efficiency policies as an opportunity to enhance competitiveness and resilience by improving management capabilities
Copyright (c) 2025 Oktaviana, Sutarti https://creativecommons.org/licenses/by-sa/4.0
Determinants of Fraudulent Financial Reporting within the Fraud Diamond Framework: Firm Size as a Moderating Variable
Fraudulent financial reporting remains a critical issue that undermines the credibility of financial statements and investor trust. This study aims to analyze the influence of the elements in the Fraud Diamond Theory on the tendency of fraudulent financial reporting and to examine the moderating role of firm size in this relationship. Employing a quantitative approach, the research utilizes secondary data obtained from the annual financial reports of 27 infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2024. The purposive sampling technique was applied, and the data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with EViews 9 software. The results reveal that financial targets and firm size have a significant positive effect on fraudulent financial reporting, while total accruals show a negative effect. Furthermore, firm size significantly moderates the relationship between total accruals and fraudulent financial reporting, but does not moderate other variables. These findings suggest that firm size should be considered in efforts to prevent fraudulent financial reporting, although its moderating influence on the Fraud Diamond factors varies. The results also provide valuable insights for management and regulators in strengthening corporate governance and internal control systems
Copyright (c) 2025 Ivonne Wiguna Agustinus, Nilda Tartilla https://creativecommons.org/licenses/by-sa/4.0
Analysis of Price, Promotion, and Brand Awareness on the Consumptive Behavior of Teater Adab Student Activity Unit Members on Shopee
This study analyzes the influence of price, promotion, and brand awareness on the consumptive behavior of members of the Teater Adab Student Activity Unit at Universitas Nusantara PGRI Kediri on the Shopee platform. The purpose of this research is to explore the partial and simultaneous effects of these variables. This study employs a quantitative approach with a causal research design. The sampling technique used is saturated sampling, involving 88 student respondents who are members of the Teater Adab organization. Data were collected through an online questionnaire and analyzed using multiple linear regression with the assistance of SPSS version 23. The results indicate that the independent variables—price, promotion, and brand awareness—have a positive and significant influence on students’ consumptive behavior, both partially and simultaneously. Among the three, promotion demonstrates the most dominant effect on consumptive behavior. The coefficient of determination (Adjusted R²) of 0.983 shows that 98.3% of the variation in consumptive behavior can be explained by these variables. The novelty of this study lies in its focus on students involved in a campus student activity unit, who exhibit unique consumptive characteristics yet are rarely examined within the context of e-commerce. These findings are expected to contribute to the development of more effective and relevant digital marketing strategies targeted at students. Overall, this research emphasizes the importance of integrated marketing strategies that consider competitive pricing, creative promotional activities, and strong brand identity to attract young consumers in the digital era, particularly among members of the Teater Adab student organization
Copyright (c) 2025 Avid Millatur Eka Chahyanti, Ike Cindia, Atina Rokhmani Putri https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF WORK STRESS AND FINANCIAL COMPENSATION ON TURNOVER INTENTION THROUGH JOB SATISFACTION
The purpose of this study is to analyze job stress and financial compensation on turnover intention through job satisfaction. The sampling technique in this study used purposive sampling, which determines the sample with certain considerations. Therefore, the number of respondents in this study was 50 employees. Data collection techniques used questionnaires and data documentation from HRD. The analysis method used SEM PLS. The software used to process this research data was WarpPls 6.0 Software. The results of the study indicate that the variable Job Stress has a negative and insignificant effect on Job Satisfaction, Financial Compensation has a positive and significant effect on Job Satisfaction, Job Satisfaction has a positive and insignificant effect on Turnover Intention, Job Satisfaction has a positive and insignificant effect on Turnover Intention, Job Stress has a positive and insignificant effect on Turnover Intention through Job Satisfaction, and Financial Compensation has a positive and significant effect on Turnover Intention through Job Satisfaction.
Copyright (c) 2025 Jeremy Christiano Retraubun, Bambang Raditya Purnomo https://creativecommons.org/licenses/by-sa/4.0
Literature Review on The Influence of Institutional Ownership and Board Diversity Gender (BDG) on Company Performance
This study highlights the influence of institutional ownership and gender diversity on the board of directors on company performance. This research is a qualitative study using a literature review method. The literature reviewed includes articles from international and national journals, totaling 20 articles from 2019 to 2025. This study highlights the influence of institutional ownership and gender diversity on the board of directors on company performance. Institutional ownership has been shown to improve corporate oversight and governance, thereby strengthening operational efficiency and long-term stability, in line with agency and stakeholder theories. Meanwhile, gender diversity adds multiple perspectives to decision-making, improves oversight, and supports sustainability practices through more transparent ESG reporting. These two factors work synergistically to build an inclusive and effective management structure that not only encourages innovation and risk management but also maintains a balance between internal and external interests. The results of the study show that the combination of these two factors contributes positively to improving overall and sustainable company performance, while strengthening the company's position in facing global competition and social and environmental sustainability demands. Institutional ownership has been shown to improve corporate oversight and governance, thereby strengthening operational efficiency and long-term stability, in line with agency and stakeholder theories. Meanwhile, gender diversity adds multiple perspectives to decision-making, improves oversight, and supports sustainability practices through more transparent ESG reporting. These two factors work synergistically to build an inclusive and effective management structure that not only encourages innovation and risk management but also maintains a balance between internal and external interests. The results of the study show that the combination of these two factors contributes positively to improving overall and sustainable company performance, while strengthening the company's position in facing global competition and social and environmental sustainability demands
Copyright (c) 2025 Enggar Rahma Yulista, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
The Patterns of the Numbers used in Occupational Fraud Schemes
Purpose - This study aims to determine the numbers used in financial statement fraud, corruption, and asset misappropriation schemes, thus enabling the design of an effective proactive analytics- based fraud detection test.Design/Methodology/Approach - The data sources used in this study were court records related to fraud prosecutions, investigative reports, and research papers related to fraud cases.Findings - Fraudulent numbers are most often round numbers, have strong period-to-period growth, fall just above or below internal control thresholds or other targets, are deviations from Benford's Law, are deliberate duplicates of authentic transactions, are outliers due to their excessive size, and are excessively rounded up or down. Limitations/Research Implications - The sample may not be representative of the population of detected and undetected frauds. Further research is needed to detect corruption/bribery schemes.Practical Implications - The results of this study are important for auditors and forensic accountants conducting proactive fraud detection tests. The discussion emphasizes that the analysis should include refinement and retesting, and then use clustering and filtering to address false positives. Originality/Value - This research provides an original, in-depth coverage of the patterns found in fraudulent numbers. The discussion section addresses implementation issues and considerations for future research
Copyright (c) 2025 Bella Paradita, Eko Prasetyo , Ita Yoeli Astari https://creativecommons.org/licenses/by-sa/4.0
Influence of Third Party Fund, Financing, and CAR on Profitability with NPF mediation in Islamic Banks
The merger of Bank Syariah Mandiri, BNI Syariah, and BRI Syariah into Bank Syariah Indonesia (BSI) IN 2021 marked a new phase in the development of Islamic banking in Indonesia. This consolidation successfully increased total assets, capital strength, and third-party funds (DPK). However, the rise in funding and capital has not consistently been followed by an increase in profitability (ROA), partly due to the increasing level of non-performing financing (NPF). This study aims to analyze the direct and indirect effects of Third Party Fund (DPK), Financing, and Capital Adequacy Ratio (CAR) on profitability (ROA), with Non- Performing Financing (NPF) as a mediating variable. This research uses a quantitative associative approach with secondary data from the financial reports of Islamic Commercial Bank in Indonesia for the period 2021 – 2024. The data will be analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) to examine direct effects and mediation relationships. The findings of this study are expected to provide empirical evidence regarding whether NPF mediates the relationship between funding, financing, capital, and profitability. The study is also expected to offer theoretical, practical, and policy implications for Islamic banking performance improvement in Indonesia
Copyright (c) 2025 Eka Dinda Agustin https://creativecommons.org/licenses/by-sa/4.0
Study of Carbon Tax Policy Effectiveness and Public Socioeconomic Preferences in East Java
As part of Indonesia's commitment to reduce carbon emissions and achieve the Net Zero Emission target, the implementation of carbon tax is one of the strategic steps that the government is beginning to pursue. However, the effectiveness of implementing a carbon tax is highly dependent on several factors, such as the tax rate level, policy design, public environmental awareness, and the level of public income. This study aims to analyze the effectiveness of carbon tax policies in East Java Province by examining the influence of these four variables through a public preference approach. Primary data will be collected by distributing questionnaires to respondents from various income levels and age groups in East Java. The data will be analyzed through regression modelling to identify which factors have the greatest impact on the effectiveness of the carbon tax. The results of this research are expected to produce a policy model that reflects public preferences and provide empirical insights for formulating a more effective and socially acceptable carbon tax scheme to support the Sustainable Development Goals
Copyright (c) 2025 Riska Aprilia, Renaldi, Andik Pratama, Juwita Purnami Restu Suwondo, Arif Dwi Hartanto https://creativecommons.org/licenses/by-sa/4.0
The Role of Green Accounting and Sustainability Reporting on Corporate Performance
Corporate green accounting and sustainability reporting play significant roles in enhancing corporate performance by integrating environmental costs and sustainability practices into financial frameworks. Meta-analytical evidence shows a positive impact of green accounting on firm performance, especially when environmental costs are explicitly measured, although country-specific factors do not significantly alter this relationship. Environmental sustainability acts as a crucial mediator between green accounting and corporate performance, reinforcing the importance of sustainable practices in improving company outcomes. Green accounting also improves the quality of sustainability reports, which enhances corporate accountability and environmental disclosure, although its direct effect on company value may vary across sectors. The adoption of environmentally based accounting information systems further supports transparency and long-term risk reduction in sustainability reporting. Additionally, integrating green accounting with corporate social responsibility and carbon performance positively influences environmental and financial performance, highlighting the strategic value of sustainability integration for economic and reputational benefits. Overall, green accounting and sustainability reporting contribute to better corporate performance by promoting environmental responsibility and improving stakeholder trust.
Copyright (c) 2025 Medi Tri Purwanto, Rudi Ariyanto https://creativecommons.org/licenses/by-sa/4.0
The Effect Of Sales And Operating Costs On Net Profit At Pt Forisa Nusapersada Tangerang
Forisa Nusapersada is a company engaged in the production and marketing of various beverages and foods, especially in high-quality powdered form. PT. Forisa has quite high sales and also has significant operational costs to support the sales and marketing of the company's products. However, do PT. Forisa Nusapersada's sales and operational costs significantly affect the company's net profit? High sales or revenue with low operational costs will result in a good profit for the company. High sales do not necessarily result in a goodnetprofit when operational costs are also high, low sales do not necessarily result in a loss if accompanied by low operational costs, and high sales if met with high operational expenses that even exceed revenue, what happens to the company is a loss. Operating costs significantly affect a company's profit results, because the higher the costs incurred, the lower the profit obtained by the company. This study aims to delve deeper into the relationship and significance of the influence of these two variables on the company's profitability, thereby providing a clear picture of the strategies that need to be optimized to achieve solid financial performance. The research uses a quantitative approach with a descriptive and associative design, utilizing three years of financial data (2021-2023). Data collection was done through documentation and literature review. The sample size is extremely small {N}=3) which leads to perfect multicollinearity and invalid statistical inference. The results show sales have a positive effect, while operating costs have a negative effect on net profit. All three variables exhibit a perfect linear relationship due to the small sample size and high multicollinearity {VIF} = 3406.832), invalidating the regression analysis for generalization.
Copyright (c) 2025 Dede Nurjanah, Fadillah Dwi Suci Ramadhani https://creativecommons.org/licenses/by-sa/4.0
Resilience of a Banana Chips MSME Through Traditional Marketing in the Digital Era
This study aims to analyze how a micro, small, and medium enterprise (MSME) can sustain its business operations without utilizing digital marketing in the era of digital transformation. The research focuses on a banana chips MSME located in Ngadiluwih Village, Ngadiluwih District, Kediri Regency, East Java, Indonesia, which has been operating since 2004 and continues to run smoothly despite limited digital literacy and human resources. A qualitative approach with a case study method was employed, involving in-depth interviews, direct observation, and documentation of the business owner’s practices. The findings reveal that business resilience is achieved through the implementation of traditional marketing strategies, such as word-of-mouth promotion, maintaining loyal customer networks, and direct participation in local markets. These strategies not only maintain stable daily sales but also strengthen social relationships between producers and consumers. The study concludes that MSME success without digitalization can be achieved by leveraging social relations and customer trust as key assets. The implications suggest the need for policy support and digital literacy training to help MSMEs gradually adapt to digital tools while preserving their established local strengths
Copyright (c) 2025 Tuwis Hariyani, Rini Ratna Nafita Sari https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Effectiveness of Cashless Payments on Financial Recording and Reporting of MSMEs
The development of financial technology has driven a shift from cash to non-cash (cashless) payment systems, including within micro, small, and medium enterprises (MSMEs). This study aims to analyze the effectiveness of cashless payment systems on the financial recording and reporting of MSMEs. Effectiveness is measured based on the ease of record-keeping, speed of financial data access, transaction data accuracy, and the simplicity of the financial reporting process. This research uses a descriptive quantitative approach, with data collected through questionnaires distributed to 50 MSME actors who use cashless payment methods such as QRIS, e-wallets, and bank transfers. The data were analyzed using descriptive statistics and a comparative analysis of conditions before and after the adoption of non-cash payments. The results show that the use of cashless payments has a positive impact on the effectiveness of financial recording and reporting in MSMEs. Cashless systems help minimize manual recording errors, accelerate transaction data collection, and make it easier for business owners to prepare financial reports in a more organized and structured manner. However, some challenges remain, particularly related to digital literacy and limited access to technology among certain MSME operators. This study concludes that cashless payment systems significantly contribute to improving the efficiency and accuracy of MSME financial management and can serve as a strategic solution in encouraging business digitalization
Copyright (c) 2025 Choirul Hana, Yesy Kusumawati, Zenyken Octaviana https://creativecommons.org/licenses/by-sa/4.0
The Impact of Foreign Investment, Inflation, and Carbon Tax on Economic Growth in Indonesia
One of the main indicators of a country's ability to improve the welfare of its people is its economic growth. However, various macroeconomic factors influence its value. Inflation and Foreign Direct Investment (FDI) have the potential to affect economic stability, while carbon dioxide (CO₂) emissions reflect sustainability aspects that also have a long-term impact. This study aims to analyze the effect of inflation, FDI, and CO₂ emissions on Indonesia's Gross Domestic Product (GDP) in the short and long term. The data used is time series data from 1993 to 2024 with a quantitative approach. The analysis was conducted using multiple linear regression to test partial and simultaneous effects, as well as the Vector Error Correction Model (VECM) method to evaluate long-term relationships and short-term adjustments. Stationarity and cointegration tests were conducted as preliminary steps prior to model estimation. Long-term estimation results show that inflation has a significant negative effect on GDP with a coefficient of –0.0199 and FDI also has a significant negative effect with a coefficient of –1.1383, while CO₂ emissions have no significant effect. The error correction term value of –0.8852 indicates that short-term imbalances will be corrected towards long-term equilibrium by 88.5% each period. This study emphasizes the importance of macroeconomic policies that can reduce inflation and improve the quality of sustainable foreign investment so that Indonesia's economic growth can be maintained in a stable manner while paying attention to environmental aspects
Copyright (c) 2025 Afida Alfaizuna, Hilda Alifia Syifa, Nova Velinda Fitri, Refi Ardianingrum, Lutfi Asnan Qodri https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY, ENVIRONMENTAL PERFORMANCE AND COMPANY SIZE ON PROFITABILITY IN COAL MINING COMPANIES LISTED ON THE IDX IN THE 2020-2024 PERIOD
This study aims to analyze the partial and simultaneous influence of Corporate Social Responsibility (CSR), Environmental Performance, and company size on profitability in mining companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. The study sample consisted of 21 companies observed over a three-year period, resulting in a total of 105 observations. This study uses a quantitative approach with panel data regression analysis to examine the relationship between the independent variables and the dependent variable. The results of the study show that CSR has a significant positive effect on company profitability, indicating that companies that are more active in implementing social responsibility tend to have better financial performance. Good environmental performance has been shown to increase company profitability, indicating that the implementation of environmentally friendly practices can bring financial benefits through improved corporate image. Large company size allows companies to enjoy economies of scale, have higher bargaining power, and are more stable in facing external risks. Overall, this study provides empirical evidence that CSR, Environmental Performance and company size have an important role in increasing company profitability in the mining sector, as well as contributing to economic and environmental sustainability.
Copyright (c) 2025 Yenni Vera Fibriyanti, Evi Rachmawati https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF LEADERSHIP STYLE AND WORK MOTIVATION ON THE PERFORMANCE OF MEMBERS OF THE SURABAYA CITY POLICE DRUG RESEARCH UNIT
This study aims to analyze the influence of leadership style and work motivation on the performance of members of the Surabaya Police Narcotics Investigation Unit. This study uses a quantitative approach. The population in this study were all members of the Narcotics Investigation Unit, with a sample size of 80 respondents determined using a saturated sampling technique. Data were collected through the distribution of structured questionnaires and analyzed using multiple linear regression analysis with the help of SPSS version 27 software. The results of the validity and reliability tests indicate that all research instruments are valid and reliable. The results of the multiple linear regression analysis show that both independent variables have a positive influence on performance. The results of the simultaneous test (F test) show that leadership style and work motivation together have a significant effect on member performance. The findings of this study indicate that the implementation of an effective leadership style characterized by good communication, assertiveness, and exemplary behavior as well as high work motivation can improve discipline, responsibility, and overall member performance.
Copyright (c) 2025 Shony Chasinul Kuluq , Jajuk Suprijati https://creativecommons.org/licenses/by-sa/4.0
Integration of Environmental and Social Cost Accounting into Corporate Strategic Decision-Making
This systematic literature review synthesizes scholarly research Scopus-indexed publications published between 2019 and 2025 concerning the integration of Environmental and Social Cost Accounting (ESCA) into strategic corporate decision-making. This research objectives are to systematically review, analyze, and categorize the primary internal measurement and reporting frameworks for Environmental and Social Costs used by companies, by which ESCA information is integrated into corporate investment and capital budgeting decisions, enables sustainable supply chain management, influences strategic pricing and market positioning decisions. This study addresses the methodological and conceptual frameworks employed by firms to measure and report non-financial costs and analyzes how this information influences long-term value creation. The findings of this review reveal that ESCA operationalization relies heavily on micro-level management tools, specifically material flow cost accounting and life cycle costing. This refinement internalizes prospective regulatory costs, liability risks, and long-term climate-related cash flow adjustments, effectively transforming financial analysis to meet external ESG reporting demands. The study concludes that the effective integration of ESCA is not merely a compliance task dictated by legitimacy theory but is, fundamentally, a crucial mechanism for securing a sustained competitive advantage, although harmonization challenges and the current focus gap
Copyright (c) 2025 Lucya Erlinda Sonia https://creativecommons.org/licenses/by-sa/4.0
Unpacking The Decision: Why Firms Outsource Their Accounting Function?
This study aims to identify the key determinants influencing firms’ decisions to outsource accounting functions. Employing the Systematic Literature Review (SLR) method, data were retrieved from the Google Scholar database, encompassing publications from 2015 to 2025. During the identification stage, 1,090 articles related to accounting outsourcing were collected, then after applying inclusion and exclusion criteria, 25 studies were retained for detailed analysis. The review indicates that micro, small, and medium-sized enterprises (MSMEs) commonly outsource services such as financial reporting, management accounting, tax consulting, and internal auditing. The most prominent motivations include a lack of professional expertise and technological limitations, and trust which align with the Transaction Cost Economics (TCE), Resource-Based View (RBV) theory, Technology Acceptance Model (TAM), Unified Theory of Acceptance and Use of Technology (UTAUT). Overall, the findings enhance the understanding of how technological, organizational, environment, and behavioral factors can shape outsourcing decisions collectively. The implications suggest that researchers should refine outsourcing models, practitioners can optimize partnerships through technology and trust, and policymakers need to strengthen MSME digital capacity while ensuring professional service standards to promote transparency and efficiency
Copyright (c) 2025 Pepie Diptyana https://creativecommons.org/licenses/by-sa/4.0
Globalization and Governance: Firm-Level Drivers of Sustainability Reporting Standards
Globalization has transformed corporate dynamics by expanding competition and accountability across nations. The integration of global capital markets has intensified cross-border investments, demanding greater transparency and harmonized sustainability disclosures. This study aims to analyze the effects of foreign ownership, foreign board representation, and dual listing on the adoption of sustainability reporting standards, as well as to examine the moderating role of the audit committee. A quantitative causal–explanatory approach was applied using panel data from 186 firm-year observations of companies listed on the Indonesia Stock Exchange (2022–2024) that adopted the GRI Standards 2021 framework. The results show that dual listing significantly improves sustainability reporting quality, while foreign ownership and foreign board become significant only after considering the moderating effect of the audit committee. The findings indicate that audit committee activity strengthens monitoring effectiveness and aligns disclosure practices with international expectations. This study concludes that sustainability reporting quality is shaped by the interaction between external globalization factors and strong internal governance, offering practical implications for regulators and firms to enhance governance transparency and accountability
Copyright (c) 2025 Jan Febrian, Nikita Meishanda Putri Komara Mukti, Muhammad Davin Guntur Biputra https://creativecommons.org/licenses/by-sa/4.0
THE IMPLEMENTATION OF MOBILE BANKING ON THE USE OF BSI MOBILE SERVICES BY CUSTOMERS (A STUDY BY TRIBAKTI ISLAMIC UNIVERSITY STUDENTS)
The development of digital technology has driven the transformation of financial services, including in the world of Islamic banking. Bank Syariah Indonesia (BSI) has launched BSI Mobile, a mobile banking application that combines financial, spiritual, and social functions to meet the needs of the younger generation, including students. Features such as zakat, infak, sedekah, and Quran readings demonstrate that BSI Mobile services are not only practical but also have Islamic value. With high smartphone penetration, students are a strategic group in adopting these services; however, understanding the implementation of digital Islamic services remains an important issue that requires further research. The method used in this study is descriptive qualitative, with data collection techniques through observation, interviews, and documentation. The research subjects are active users of BSI Mobile. To ensure data validity, the researcher conducted source and technique triangulation. This. The research findings indicate that the implementation of BSI Mobile by Bank Syariah Indonesia has been successfully adopted among students at Universitas Islam Tribakti Lirboyo Kediri. This is evident from the ease of access, transaction speed, and the variety of Islamic features offered, such as zakat, infaq, and Quran reading. These factors encourage students to actively use this digital service as part of their financial and spiritual needs. Additionally, the use of BSI Mobile reflects a transformation in customer behavior from conventional transactions toward digital transactions based on Islamic principles. Beyond providing convenience, BSI Mobile also plays a role in enhancing Islamic financial inclusion among the younger generation. The success of this implementation is further determined by strategic planning, technological infrastructure readiness, and effective user education from BSI
Copyright (c) 2025 Putri Imroatul Hasanah, Khairan, Nur Rohim Al Mahrus Anwar https://creativecommons.org/licenses/by-sa/4.0
Socialization of the Value Relevance of Sharia Financial Reports for Lecturers and Students of the Sharia Economics at STAINU Malang
Sharia entities in Indonesia have experienced rapid development, accompanied by the development of Sharia Financial Accounting Standards (SAK) in response to public demand for the presentation of Sharia entity financial reports. The most significant developments in SAK are the shift in asset valuation from historical cost to fair value and revenue recognition from net surplus income to all-inclusive income. Unfortunately, these developments in Sharia accounting have not been widely embraced by Sharia economics students, who are potential stakeholders in the financial reporting of Sharia entities. The purpose of this activity was to provide information to lecturers and students of the Sharia Economics study program at STAINU Malang about the theoretical basis of fair value and all-inclusive income in the financial reporting of Sharia entities. This activity was relatively effective, as evidenced by the significant difference in pre-test and post-test scores among participants, with the mean post-test score being greater than the pre-test score
Copyright (c) 2025 Marhaendra Kusuma https://creativecommons.org/licenses/by-sa/4.0
Mapping the Landscape of Customer Loyalty Research in Budget Hospitality :Bibliometric Insights from Two-Star Hotel Studies
This study provides a bibliometric review of customer loyalty research within the hospitality industry, with particular emphasis on two-star hotel settings. Using data retrieved from the Scopus database from 2020 to 2025, a total of 73 articles were analyzed through Biblioshiny and VOSviewer to map publication trends, influential authors, core journals, contributing countries, and thematic structures. The analysis reveals that customer satisfaction, corporate social responsibility (CSR), service quality, and corporate image constitute the most dominant themes in hospitality loyalty studies. Despite this progress, research explicitly addressing loyalty development in two-star hotels remains limited, indicating a significant gap related to sustainable loyalty practices in budget and mid-scale accommodations. The findings contribute to a deeper understanding of the intellectual landscape and evolution of loyalty research in hospitality. This review highlights the need for future studies to examine loyalty strategies tailored to lower-star hotels, especially those facing greater constraints in service delivery and resource capacity.
Copyright (c) 2025 Rafikhein Novia Ayuanti, Sudarmiatin, Cipto Wardoyo, Imam Mukhlis, AM Maqdum Biahmada, Miftahul Munir https://creativecommons.org/licenses/by-sa/4.0
Organizing for Survival: Exploring the Role of Good Corporate Governance in Preventing Financial Distress
This study explores how good corporate governance can help prevent financial distress in companies. In a rapidly changing business world, the implementation of good corporate governance is considered to improve company performance to achieve long-term success. The purpose of this study is to show that the implementation of GCG can reduce the risk of financial distress. This study uses a literature review methodology by analyzing articles on the role of GCG in preventing financial distress. The results of the study found that the implementation of good corporate governance can reduce the risk of financial distress in a company because companies with good governance tend to have better financial stability during difficult economic conditions
Copyright (c) 2025 Maylaf Majid Faisa, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
Curriculum Development Model With Gender Equality Paradigm And Empowerment Of Generation Z Female Santri Through Entrepreneurship In East Java Islamic Boarding Schools
This research develops a curriculum model with gender equality paradigm for empowering Generation Z female santri through entrepreneurship in East Java Islamic boarding schools. Employing descriptive qualitative research methodology with multi-case study approach (Yin, 2018), this study involved 135 respondents from three pesantren with different typologies: Boarding School (PIP) Tremas, Pacitan (salafiyah/traditional), Islamic Boarding School (PP) Al-Hikam, Malang (khalafiyah/modern), and Islamic Boarding School Foundation (YPP) Darul Ulil Albab, Mojokerto (salafiyah-khalafiyah/hybrid). Data collection techniques utilized triangulation through in-depth interviews, participatory observation, and documentation studies, subsequently analyzed using Atlas.ti9. Findings demonstrate that although 100% of respondents acknowledge the existence of gender materials in pesantren curriculum, implementation remains dominated by conventional narratives that position women in domestic roles. The theoretical foundation integrates Quranic hermeneutics, deconstruction of patriarchal, and critical pedagogy. The developed curriculum model comprises four core components: Gender Reinterpretation Module in Islam (30%), Sharia Entrepreneurship Module (40%), Self-Development and Leadership Module (20%), and Islamic Values Integration Module (10%). Model implementation adapts to pesantren typology through staged approaches: gradual for traditional pesantren, direct integration for modern pesantren, and holistic for hybrid pesantren. This model provides significant contribution to pesantren curriculum transformation that is gender-responsive and relevant to Generation Z characteristics that are digital-native and entrepreneurial
Copyright (c) 2025 Mukodi Mukodi, Sugiyono Sugiyono, M. Fashihullisan https://creativecommons.org/licenses/by-sa/4.0
THE CONTRIBUTION OF FOOD SEASONING PRODUCTS TO FOOD SECURITY AND REDUCING SOCIOECONOMIC DISPARITIES IN THE SDGS ERA
Food seasoning products, such as broth, have increasingly become an essential component of daily food consumption in Indonesia, particularly among individuals within the productive age group of 20–40 years. These products offer a convenient and affordable way to enhance the flavor of meals, making them highly attractive to busy households and communities with limited access to fresh or high-quality ingredients. This research seeks to explore the broader role of food seasoning products not only as culinary enhancers but also as instruments of social and economic inclusion, especially for low-income populations. Employing a qualitative research approach, this study utilizes literature review and content analysis methods to assess the socio-economic implications of seasoning product consumption and distribution. The analysis draws on previous studies, policy documents, and case examples to understand how access to affordable flavoring products—particularly those made from local, sustainable ingredients—can support food security and nutritional adequacy for vulnerable groups. Furthermore, this research is framed within the Sustainable Development Goals (SDGs), with a specific focus on SDG Goal 10: Reduced Inequalities. The study argues that promoting the accessibility and local production of seasoning products can help reduce disparities in food quality and economic opportunity. Findings reveal that food seasoning products play a dual role in both improving household food palatability and stimulating microeconomic activity. Many local communities have initiated small-scale production of natural seasonings using ingredients such as dried fish, mushrooms, seaweed, and plant extracts. These initiatives not only contribute to local food systems but also empower communities through income generation and value-added entrepreneurship. As such, seasoning products represent a practical and scalable approach to tackling both nutritional and economic challenges. However, several challenges must be addressed to realize the full potential of these products. Health concerns related to additives such as MSG, as well as regulatory gaps and unequal market distribution, remain pressing issues. The study therefore recommends stronger collaboration between stakeholders—including government agencies, community producers, health advocates, and private sector actors—to develop seasoning products that are inclusive, nutritious, culturally appropriate, and environmentally sustainable. In conclusion, food seasoning products have the potential to serve as more than just culinary tools; they are also viable pathways toward equitable food systems, economic resilience, and community development. Their integration into national food strategies could significantly contribute to achieving the broader goals of sustainable development
Copyright (c) 2025 Fakih, Muhamad Imam Syairozi, Ratna handayati, Lilik Nurcholida https://creativecommons.org/licenses/by-sa/4.0
Economic Growth Mediates The Effect Of Village Funds And Regional Original Income On Poverty In Districts And Cities In The Province Of Bali
This research aims to examine both the direct and indirect effects of Village Funds (VF) and Local Government Revenue (LGR or PAD) on poverty (PV) and economic growth (EG) across regencies and cities in Bali Province. The study’s first objective is to analyze the direct partial impact of Village Funds and LGR on poverty levels. The second objective focuses on identifying the direct partial influence of these two variables on economic growth. The third objective seeks to evaluate the indirect effects of Village Funds and LGR on poverty through the channel of economic growth. A quantitative research design with an explanatory approach is employed. The population consists of all regencies and cities in Bali Province, using a saturated sampling technique that includes nine administrative areas observed from 2017 to 2024. Secondary data for Village Funds and LGR were obtained from the official website of the Directorate General of Fiscal Balance (DJPK), Ministry of Finance of the Republic of Indonesia, while data on poverty (measured by the number of poor individuals) and economic growth (measured by GRDP at constant prices) were collected from the Central Statistics Agency (BPS) of Bali Province. Data analysis was conducted using path analysis with the JASP 0.95.30 software. The results indicate that Village Funds have a positive and significant effect on poverty, suggesting that while these funds contribute to economic activity, they have not yet effectively reduced poverty levels. In contrast, LGR has a negative and significant relationship with poverty, meaning that an increase in LGR can lower poverty rates. Furthermore, both Village Funds and LGR demonstrate a positive and significant impact on economic growth. Economic growth is also found to mediate the relationship between Village Funds and poverty, as well as between LGR and poverty. In conclusion, Village Funds and Local Government Revenue significantly contribute to promoting economic growth across regencies and cities in Bali Province. Therefore, it is recommended that both village and regional governments maximize the efficient use of Village Funds and LGR to strengthen economic growth, as this can serve as an effective mechanism for poverty reduction
Copyright (c) 2025 Linda Tri Rahayu, Nurharibnu Wibisono, Arini Wildaniyati https://creativecommons.org/licenses/by-sa/4.0
Digital Credit and Overspending: Assessing the Moderating Role of Financial Literacy among University Students
This study aims to analyze the effect of financial literacy on overspending behavior among paylater service users within the student community of the University of Merdeka Malang. The rising trend of “buy now, pay later” (BNPL) usage among young generations has raised concerns about the emergence of consumptive behavior resulting from low levels of financial literacy. This research adopts a quantitative explanatory approach with a total sample of 400 respondents selected through purposive sampling. Data were collected using an online questionnaire and analyzed using simple linear regression. The results indicate that financial literacy has a negative and significant effect on overspending behavior (t = -11.296; sig = 0.000), with a coefficient of determination (R²) of 0.412. This means that an increase in financial literacy can reduce the tendency for excessive spending by 41.2%. These findings emphasize that sound financial understanding plays a crucial role in shaping rational and responsible consumption behavior. The practical implications highlight the importance of implementing digital financial education programs within the campus environment to encourage students to become smart financial service users oriented toward sustainable financial behavior in the digital economy era.
Copyright (c) 2025 Wulandini Aprilia Anggreany, Khusa Oktavian Sukmawati, Yoana Shebilma Mula, Ahmad Herlyasa Sosro Pratama, Alif Dewantara https://creativecommons.org/licenses/by-sa/4.0
Trickle-Down Effect of the Tourism Sector on the Socioeconomic Conditions of Kediri Regency
This study was conducted to analyze the trickle-down effect of the tourism sector in Kediri Regency from 2016 to 2024. This study used path analysis, with tourism sector growth as an exogenous variable, the open unemployment rate as an intervening variable, and income inequality as an endogenous variable. The results indicate that a trickle-down effect occurred in the tourism sector in Kediri Regency from 2016 to 2024, with tourism sector growth having a significant impact on income inequality indirectly through the open unemployment rate. The growth of the tourism sector had a significant negative effect on the open unemployment rate, while the open unemployment rate had a significant positive effect on income inequality
Copyright (c) 2025 Bella Arum Kristanti, Petty ArisantI, Nurul Azizah https://creativecommons.org/licenses/by-sa/4.0
The Impact of Sales, Production Costs, and Operating Costs on PT Mayora Indah Tbk Net Income for 2016-2024
His study aims to analyze the effect of production costs, operating costs, and sales on net income at PT Mayora Indah Tbk during the 2016–2024 period. The research employed a quantitative approach with secondary data obtained from the company’s annual financial statements. Data were analyzed using multiple linear regression, t-test, F-test, and the coefficient of determination (R²). The results indicate that, partially, sales, production costs, and operating costs do not have a significant effect on net income. The F-test also shows that, simultaneously, the three independent variables do not significantly affect net income. The Adjusted R² value of -0.039 suggests that the model used is not sufficient to explain the variation in net income, while the R² value of 0.307 indicates that the variables explain only 30.7% of the variation in net income, with the remaining 69.3% influenced by other factors outside the model, such as exchange rate fluctuations, raw material prices, interest expenses, and global economic conditions. These findings confirm that PT Mayora’s profitability is not solely determined by production costs, operating costs, and sales, but is also largely influenced by external factors
Copyright (c) 2025 Nessa Aulia, Aldi Fermana https://creativecommons.org/licenses/by-sa/4.0
Profitability, Capital Adequacy, Credit Risk, and Macroeconomics on Financial Stability: The Role of Firm Size
This study aims to analyze the influence of profitability, capital adequacy, credit risk, and macroeconomic variables on the financial stability of banks with firm size as a moderating variable. The background of this study is underpinned by the importance of the role of banking in maintaining the stability of the national economy as well as the inconsistency of previous research results regarding factors affecting the financial stability of banks. This study uses a quantitative approach with a panel data analysis of 42 conventional banks listed on the Indonesian Stock Exchange during the period 2020–2024. Secondary data were obtained from the annual reports of banks, the Financial Services Authority (OJK) and the Bank of Indonesia (BI). The analysis results show that profitability (ROE) has a significant positive effect on financial stability, while the reference interest rate (BI Rate) has a significant negative effect. The variables of capital adequacy (CAR), credit risk (NPL), and inflation have no significant effect on financial stability. The moderating role of firm size strengthens the influence of ROE and CAR on financial stability, yet it does not significantly influence the relationship between NPLs, BI Rate, and inflation. The findings affirm agency theory, monetary transmission theory, and financial stability theory, as well as provide implications for regulators and bank management in strengthening the resilience of national banking systems
Copyright (c) 2025 Muhamad Romi Ramadhan Gunawan, Desi Efrianti https://creativecommons.org/licenses/by-sa/4.0
The Influence of Financial Attitude, Financial Knowledge and Income on Financial Management Behavior (A Study of MSMEs in Jombang Culinary Community)
This study aims to analyze the influence of financial attitudes, financial knowledge, and income on the financial management behavior of MSMEs belonging to the Jombang Kuliner Community. This research is based on the phenomenon of low financial literacy among micro-entrepreneurs, which results in suboptimal financial management, despite the economic potential in the Jombang Kuliner area. This study used a mixed methods approach. Quantitative data were obtained through distributing questionnaires to 50 respondents using a Likert scale, while qualitative data were collected through in-depth interviews with several MSMEs to gain a more contextual understanding. The results of the partial T-test indicate that all three independent variables significantly influence financial management behavior. This means that the better the financial attitudes and knowledge possessed and the higher the income of entrepreneurs, the better their behavior in managing business finances. Qualitative findings support these results, where several MSMEs who have awareness of saving, making financial plans, and separating personal and business finances demonstrate more organized financial management. This study concludes that improving financial literacy and strengthening business income play an important role in shaping healthy and sustainable financial management behavior. The results of this study are expected to form the basis for developing more effective financial education programs for MSMEs, particularly in Jombang Regency
Copyright (c) 2025 Irea Arrahima, Beni Sucipto https://creativecommons.org/licenses/by-sa/4.0
The impact of lss, svc and am on impulsive buying in Tiktok Shop
Affiliate Marketing against Impulsive Purchases on TikTok Shop. This research uses a quantitative approach using a correlational survey design with data collection through a Google Form-based questionnaire to students of the Management study program at Universitas Nusantara PGRI Kediri, with a purposive sampling technique a sample of 94 students was obtained. The analysis method used is the classical assumption test, multiple linear regression analysis, coefficient of determination test and hypothesis test processed using the SPSS 25 software application. The results of this research show that partially Live streaming Shopping has a positive and significant effect on Impulsive Purchases, then Affiliate Marketing also has a positive and significant effect on Impulsive Purchases while Short Video Content has no effect on Impulsive Purchases. However, simultaneously Live streaming Shopping, Short Video Content and Affiliate Marketing have a positive and significant effect on Impulsive Purchases
Copyright (c) 2025 Nita Puspita, Basthoumi Muslih, Susi Damayanti https://creativecommons.org/licenses/by-sa/4.0
The Effectiveness of Productive Zakat Distribution in Supporting the Sustainable Development Goals (SDGs): A Case Study of BAZNAS East Java and LAZISNU PWNU East Java
Productive zakat is an important instrument in Islamic economics that functions as a means of transferring wealth and economic empowerment of the poor. The problem raised in this study is how effective the distribution of productive zakat is in supporting the achievement of Sustainable Development Goals (SDGs), especially Poverty Eradication (SDG 1), Decent Work and Economic Growth (SDG 8), and Reducing Inequality (SDG 10). This study aims to analyze the process of productive zakat distribution, its effectiveness in improving the welfare of mustahik, and its contribution to the Sustainable Development goals. This study uses a qualitative approach with a case study method at the zakat institutions LAZISNU PWNU East Java and BAZNAS East Java. Data were collected through in-depth interviews, field observations, and documentation, then analyzed descriptively qualitatively. The results show that the distribution of productive zakat is carried out through the stages of mustahik selection, provision of business capital, mentoring, and periodic evaluation. This program has proven effective in increasing the income and independence of mustahik, as well as contributing to reducing social inequality. Supporting factors include intensive mentoring and professional governance, while inhibiting factors include low financial literacy and limited access to further capital.
Copyright (c) 2025 Eka Julia Indah Nur Safitri, Nur Hidayah, Uswatun Chasanah https://creativecommons.org/licenses/by-sa/4.0
Literature Review on the Influence of Board Structure and Financial Transparency on Stock Liquidity
This study aims to systematically examine the influence of board structure and financial transparency on stock liquidity based on a review of literature from various recent national and international sources. This study stems from the urgency of stock liquidity as an indicator of capital market efficiency and investor confidence, where the two main variables, namely board structure consisting of the proportion of independent commissioners, the role of the audit committee, and board size efficiency, as well as financial reporting transparency, are considered determinants of a healthy stock market. The research method used a literature review with a selection of studies published in the last five years, both empirical and conceptual. The results of the literature synthesis show that a good board structure and transparent financial reporting play a positive role in increasing stock liquidity, reducing information asymmetry, and encouraging investment efficiency. These findings emphasize the importance of strengthening corporate governance and information disclosure as key agendas in supporting the stability and attractiveness of the Indonesian capital market. The implications of this study are relevant for companies and policymakers in formulating strategies to strengthen the capital market ecosystem based on governance and transparency
Copyright (c) 2025 Lucky Agung Febrian, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
Does Firm Size Matter? A Moderated Analysis of Profitability and Liquidity Effects on Stock Price
This study aimed to examine the effect of profitability and liquidity on stock prices, with firm size as a moderating variable, in primary consumer goods companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Using a purposive sampling method, a total of 395 samples were selected. Data were processed using EViews 12 software, and Moderated Regression Analysis (MRA) was employed to analyze the relationships among variables. The results indicate that profitability has no significant effect on stock prices, liquidity has a negative effect on stock prices, and firm size does not moderate the relationship between profitability and stock prices but does significantly moderate the relationship between liquidity and stock prices
Copyright (c) 2025 Maulidyana Putria Gunawan, Heti Herawati https://creativecommons.org/licenses/by-sa/4.0
THE INFLUENCE OF DIGITAL PRINTING TECHNOLOGY AND PRODUCT QUALITY ON THE CREATIVE ECONOMY MEDIATED BY SERVICE QUALITY
Digital printing SMEs are among the key drivers of Indonesia’s creative economy. By producing banners, stickers, t-shirts, and promotional materials, they support other subsectors such as culinary, tourism, and fashion. However, the sustainability of this contribution depends on adopting advanced technology, ensuring consistent product quality, and maintaining service excellence. This study analyzes the influence of digital printing technology and product quality on the creative economy, with service quality as a mediating variable.The model applied is Partial Least Squares Structural Equation Modeling (PLS-SEM). The object of this research is customers of Perdana Digital Printing, Lamongan. The research population consisted of all customers served during April 2025, totaling 260 visitors. Using random sampling, a sample of 150 respondents was selected. Data were collected through a structured questionnaire.The results show that: 1) Digital printing technology significantly improves product quality. 2) Digital printing technology has a positive effect on service quality. 3) Product quality significantly contributes to creative economy outcomes. 4) Service quality positively and significantly influences creative economy outcomes. 5) Service quality partially mediates the relationship between technology and the creative economy. 6) Service quality partially mediates the relationship between product quality and the creative economy
Copyright (c) 2025 Ah. Zidny Kafa Perdana, Sutinem, Abid Muhtarom, Mohammad Yaskun https://creativecommons.org/licenses/by-sa/4.0
Taxpayer Awareness, Knowledge, and Socialization on PBB Compliance in Madiun
This article condenses a bachelor thesis that examines whether taxpayer awareness, tax knowledge, and tax socialization shape compliance in paying Land and Building Tax (Pajak Bumi dan Bangunan/PBB) in Kecamatan Taman, Madiun. Using a cross‐sectional survey of 100 individual PBB taxpayers and multiple linear regression, we find that awareness, knowledge, and socialization each have a positive and statistically significant partial effect on compliance; jointly, they explain most of the variance in compliance. The adjusted R² is 0.673 and the model F statistic is 68.984 (p < 0.001). These findings suggest that municipal revenue agencies can increase PBB compliance by intensifying targeted socialization programs and citizen tax education while sustaining initiatives that build intrinsic awareness of tax obligations. Practical implications are discussed for local tax offices. Limitations include single-district sampling and self-reported compliance
Copyright (c) 2025 Rama Ario Pradana, Arini Wildaniyati, Fatchur Rochman https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF FINANCIAL TECHNOLOGY, INTELLECTUAL CAPITAL, LEVERAGE RATIO, AND LIQUIDITY RATIO ON BANKING FINANCIAL PERFORMANCE
This study aims to examine Financial Technology, Intellectual Capital, Leverage Ratio, Liquidity Ratio to Financial Performance. The data used in this study are secondary data taken from the annual reports of Banking Companies in 2019-2023 listed on the Indonesia Stock Exchange (IDX). The sample consists of 9 companies from 2019-2023 that fall into the research criteria. The data analysis techniques used are descriptive statistical analysis and multiple linear regression analysis. The data analysis process carried out is descriptive statistical test, classical assumption test, multiple linear regression analysis and hypothesis testing. The results of this study indicate that Financial Technology proxied by Mobile Banking has positif effect on financial performance, Intellectual Capital has a positive effect on financial performance, Leverage Ratio has a no signification on financial performance and Liquidity Ratio has positif effect on financial performance.
Copyright (c) 2025 Amar Ma’ruf , Dina Anggraeni Susesti https://creativecommons.org/licenses/by-sa/4.0
Corporate Social Responsibility, Earnings Management, and Family Ownership: A Comprehensive Literature Review
This study aims to provide some comprehensive insights into the relationship between Corporate Social Responsibility (CSR) and earnings management by highlighting the moderating role of family ownership. Using a literature review approach, 12 empirical studies published between 2017 and 2024 were analyzed to identify patterns and differences in the findings. The results indicate that most studies found a negative relationship between CSR and earnings management. However, several other studies found a positive relationship, where CSR is used as a legitimacy tool to mask earnings management practices. Family ownership has been shown to play a significant role in moderating this relationship.
Copyright (c) 2025 Miranda Anugrah, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
Female Directors Moderating the Effect of CSR, Company Risk, and Leverage on Tax Avoidance
This study aims to provide empirical evidence on the influence of the independent variables’ corporate social responsibility, profitability, leverage, firm size, company risk, and audit quality, and the moderating variable, women directors, on the relationship between corporate social responsibility and tax avoidance. The research focuses on manufacturing companies listed on the Indonesia Stock Exchange from 2022 to 2024. A purposive sampling method was used to select the sample, yielding 61 companies and 183 usable observations. The sample data were analyzed using moderated regression analysis, a specialized variant of multiple regression with SPSS Statistics 25. The results show that the independent variables profitability, leverage, and company risk affect tax avoidance. Meanwhile, corporate social responsibility, firm size, and audit quality do not affect tax avoidance, and the presence of women directors does not moderate the effect of corporate social responsibility on tax avoidance. These findings are expected to provide stakeholders with an overview of the condition of companies related to tax avoidance practices
Copyright (c) 2025 Natasya, Regi Muzio Ponziani https://creativecommons.org/licenses/by-sa/4.0
THE INFLUENCE OF SHARIA FINANCIAL LITERACY AND SAVING PSYCHOLOGY ON INTEREST IN USING SHARIA BANKING PRODUCTS
This study aims to determine the effect of Islamic financial literacy and savings psychology on interest in using Islamic banking products. The background of this study is based on the low level of Islamic financial literacy and the lack of public understanding, particularly among university students, of Islamic banking principles and products. This study used a quantitative methodology. Sampling was conducted using purposive sampling with 96 participants. Data collection was conducted by distributing questionnaires to female students at the Ar-Roudhoh dormitory. Data were then analyzed using descriptive statistics using SPSS version 25 software. Sampling used the Slovin formula with a 5% error rate from a population of 126. Simultaneously, both independent variables significantly influenced interest in using Islamic banking products. The conclusion of this study is that the higher the level of Islamic financial literacy and the more positive a person's savings psychology, the greater the interest in using Islamic banking products. The results of this study are expected to be used as considerations by Islamic financial institutions in improving educational and promotional strategies based on Islamic values
Copyright (c) 2025 Luviana Maharani, Ahmad Fauzi, Hoirul Anam https://creativecommons.org/licenses/by-sa/4.0
The Interaction of Job Stress, Work-Family Conflict, Workload, and Social Support in Predicting Employee Burnout: Evidence of Mediation by Resilience
Burnout is a serious problem in the banking sector, especially for back office employees who face high work demands, administrative accuracy, and regulatory compliance. This study aims to analyze the effects of work stress, work-family conflict, workload, and social support on burnout, and examine the role of employee resilience as a mediating variable. The study used a quantitative approach with the Structural Equation Modeling–Partial Least Squares (SEM-PLS) method. The study sample was back office employees at a state-owned bank in East Java. The results showed that work stress and work-family conflict had a positive and significant effect on burnout. Social support had a negative and significant effect, while workload had no significant effect on burnout. In the mediation model, resilience was unable to mediate the relationship between work stress and work-family conflict on burnout. However, resilience was shown to significantly mediate the relationship between workload and burnout, but did not mediate the effect of social support on burnout. These findings indicate that burnout in back office employees of state-owned banks is more influenced by psychological pressure and role demands than by workload factors. Therefore, organizations need to strengthen stress management strategies, provide consistent social support, and develop resilience-building programs to minimize the risk of burnout and improve employee well-being
Copyright (c) 2025 Yunni Rusmawati DJ, Sri Wahyu Lelly Hana Setyanti, Handriyono, Dewi Prihatini https://creativecommons.org/licenses/by-sa/4.0
Analysis Of Price, Customer Experience, And E-Word Of Mouth On Customer Loyalty Of Shopee Users
This study aims to examine the influence of price, customer experience, and e-WOM on customer loyalty among Shopee users. Using a quantitative approach with a causal research design, the population includes Management students at UN PGRI Kediri, class of 2021. A total of 183 respondents were selected through simple random sampling. Data were collected using a five-point Likert scale questionnaire distributed online via Google Form, with instruments tested for validity and reliability. Data analysis involved classical assumption testing, multiple linear regression, Adjusted R², and hypothesis testing using SPSS version 25. Results show that price, customer experience, and e-WOM significantly influence customer loyalty, both partially and simultaneously. Customer experience emerged as the most dominant factor. The study suggests that Shopee should focus on enhancing customer experience and digital engagement to strengthen user loyalty
Copyright (c) 2025 Sabela Ayu Nihusnasari, Aji Prasojo https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF COMPETENCY, WORK DISCIPLINE AND WORK ENVIRONMENT ON EMPLOYEE PERFORMANCE THROUGH WORK MOTIVATION AS AN INTERVENING VARIABLE
Based on observations made by the author at the Economic Bureau of the Regional Secretariat of the Province of East Java, there are several employee phenomena, because there are still employees who lack the characteristics of the things shown from the process of auditing reports that have not been completed on time in the process of auditing employees for Completing reports as determined by the leadership. This study examines the effect of competence, work discipline on employee performance through work motivation as an intervention variable at the Regional Secretariat of the Economy Bureau of East Java Province. The population in this study were all employees at the Regional Secretariat of the Economic Bureau of East Java Province, which opened 75 people. The sampling technique in this study is sampling (census) which is a sampling technique if all members of the population are used as samples. So the number of samples taken in this study were 75 people, namely employees at the Economic Bureau of the Regional Secretariat of East Java Province. The analytical tool used is path analysis with the help of SPSS 21.0 software. The results of the study indicate that Competence, Work Discipline, and Work Environment simultaneously and partially directly affect Employee Work Motivation, Competence, Work Discipline, Work Environment and Work Motivation simultaneously and partially directly affect Employee Performance, as well as Competence, Work Discipline, and The work environment simultaneously has an indirect effect on employee performance through work motivation.
Copyright (c) 2025 Yoni Haji Agung Abdillah, Bambang Raditya Purnomo https://creativecommons.org/licenses/by-sa/4.0
The Role of Cooperatives in Encouraging the Implementation of a Green Economy in the Agricultural Sector Based on Local Wisdom in Nganjuk Regency
Abstract Sustainable agriculture based on a green economy is an urgent need to address the challenges of the climate crisis, land degradation, and farmers' high dependence on chemical inputs. Nganjuk Regency, as an agricultural region, has significant potential to develop environmentally friendly agriculture through the implementation of a green economy. However, adoption of these practices remains limited due to limited access to information, funding, and institutional arrangements. Cooperatives, as people-based economic institutions, play a strategic role in driving this transformation by providing access to financing, training, and facilitating sustainable supply chains. This research aims to analyze the role of cooperatives in promoting the implementation of green economy principles in the agricultural sector, by emphasizing local wisdom as a cultural value embedded in traditional agricultural practices. This study is crucial for strengthening local institutions and addressing the challenges of sustainable development in the agricultural sector. The targeted outputs of this research include publication in accredited national journals and other additional outputs (IPR, international proceedings, and textbooks) as well as providing policy recommendations for local governments in supporting the strengthening of the green economy in Nganjuk Regency. Thus, this research contributes to encouraging sustainable economic growth based on resource efficiency and environmental sustainability.
Copyright (c) 2025 Muhammad Bawono, Dwi Puji Rahayu, Prasetya Tri Mahendra, Ika Novaliana https://creativecommons.org/licenses/by-sa/4.0
The Effect of Inflation and Interest Rates on Stock Prices with Profitability as a Moderation Variable (Study on Food and Beverage Sub-Sector Manufacturing Companies Listed on the IDX in 2020-2024)
This study aims to test the influence of inflation and interest rates on stock prices with profitability as a moderation variable. This study uses the population of manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) in 2020-2024 with a sample of 85. This study uses WarPLS software version 8.0. The results of this study show that inflation and interest rates have no effect on stock prices, profitability moderates the effect of inflation on stock prices and profitability moderates the effect of interest rates on stock prices
Copyright (c) 2025 Nailur Risqiyah, Heni Agustina https://creativecommons.org/licenses/by-sa/4.0
The Impact Of CEO Gender, CEO Characteristic, and Accounting Background on Environmental, Social, and Governance (ESG)
This study aims to analyze the influence of CEO gender, CEO characteristics, and CEO accounting background on the Environmental, Social, and Governance (ESG) performance of companies listed in the ESG Leaders Index for the period 2019-2023. Using a quantitative approach and secondary data, this research examines how CEO gender, tenure, age, education, and accounting background affect the company's ESG performance. The study results show that female CEOs significantly contribute positively to the improvement of ESG performance, driven by leadership styles and psychological characteristics that support social responsibility and sustainability. CEO characteristics such as tenure and age do not affect ESG performance, while the CEO's education and accounting background positively influence better ESG management and reporting. These findings provide evidence that selecting CEOs with the right profiles is key to promoting the company's ESG performance and also offer practical implications for developing sustainability strategies and corporate governance
Copyright (c) 2025 Salamatul Insan Suhari, Endah Tri Wahyuningtyas https://creativecommons.org/licenses/by-sa/4.0
STRATEGI PENINGKATAN KINERJA KARYAWAN MELALUI DISEMINASI
Tujuan penelitian ini adalah melakukan telaah pustaka mengenai strategi peningkatan kinerja karyawan melalui diseminasi. Tersedianya karyawan bagi suatu perusahaan dalam menghadapi globalisasi dilakukan dengan cara mengidentifikasi peningkatan kinerja dan mengembangkannya menjadi sumber daya manusia yang berkualitas sesuai dengan yang dibutuhkan perusahan. Organisasi perlu memastikan bahwa karyawan yang ada didalamnya memiliki pengetahuan, kemampuan dan ketrampilan dan sikap yang unggul sehingga dapat menunjang pencapaian tujuan organisasi. melalui strategi diseminasi diharapkan adanya peningkatan kinerja karyawan
Copyright (c) 2025 Arini Nurfaizah, Setiawati Agustin, Habibur Rohim, Siti Rofikotul Mabruroh, Jauharatunnafisah https://creativecommons.org/licenses/by-sa/4.0
Supply Chain Management Strategies in Facing Post-Pandemic Disruptions
Post-pandemic supply chain management strategies focus on enhancing resilience, agility, and adaptability to mitigate disruptions caused by COVID-19 and similar crises. Key challenges include labor and material scarcity, supply inconsistency, and demand fluctuations, which require dynamic capability-based frameworks and risk management approaches to address effectively. Retail supply chains prioritize collaboration efficiency, order fulfillment, and digital transformation to sustain performance in volatile environments. Hybrid risk management models combining Conditional Value at Risk and chance constraints improve medical supply chain resilience by balancing cost and service levels under uncertainty. Flexibility plays a critical role in building supply chain robustness and agility, enabling flexible procurement, operational maneuverability, and risk management culture, especially in global textile and clothing sectors. Integrated frameworks linking resilience enablers with sustainable operational strategies such as agile, lean-green, circular, and decentralized models support long-term supply chain viability and alignment with Sustainable Development Goals. These strategies collectively emphasize the need for coordinated recovery, gradual capacity ramp-up, and advanced data analytics to enhance supply chain performance and sustainability in the post-pandemic era.
Copyright (c) 2025 Hendrikus Putra Cromain, Sri Ratih Handayani https://creativecommons.org/licenses/by-sa/4.0
Exploring the Role of Sustainable Management and Technological Innovation on SME Business Performance in Ponorogo, East Java
This study explores the role of sustainable management and technological innovation in influencing the business performance of small and medium enterprises (SMEs) in Ponorogo, East Java. Using a quantitative approach with multiple regression analysis, data were collected from 120 SME respondents through structured questionnaires. The independent variables include sustainable management and technological innovation, while business performance serves as the dependent variable. The results reveal that both sustainable management and technological innovation have a significant positive influence on SME business performance. The adoption of sustainable practices combined with technological innovation improves operational efficiency, enhances market competitiveness, and strengthens corporate reputation. The coefficient of determination (R² = 0.654) indicates that 65.4% of the variation in business performance is explained by the two independent variables. These findings support the Resource-Based View theory, emphasizing that sustainability and innovation are strategic capabilities essential for long-term business success. The study provides practical implications for policymakers and SME stakeholders to promote sustainable digital transformation aligned with the Sustainable Development Goals (SDGs).
Copyright (c) 2025 Afwa Hilman Sholahudin, Rizqi Rahmawati, Yafiz Azzahrowi https://creativecommons.org/licenses/by-sa/4.0
The Influence Of Happy Hour Promo And Store Atmosphere On Purchasing Decisions Through Consumer Satisfaction At Coffee Shop Declasse PJKA Kota Blitar
This research aims to examine the influence of Happy Hour promo and store atmosphere on purchasing decisions through consumer satisfaction at Declasse PJKA Kota Blitar. The background of this study is the increasing competition among cafés in offering attractive promotions and creating a comfortable atmosphere to enhance customer experience and loyalty. This study uses a quantitative research approach with a survey method. Data were collected through questionnaires distributed to customers of Declasse PJKA, and the sample was determined using purposive sampling. The data were analyzed using Structural Equation Modeling (SEM) with the SmartPLS software. The results show that Happy Hour promo has a positive and significant effect on consumer satisfaction, and store atmosphere also has a positive and significant influence on consumer satisfaction and purchasing decisions. Moreover, consumer satisfaction mediates the relationship between Happy Hour promo, store atmosphere, and purchasing decisions. These findings indicate that attractive promotional strategies and a pleasant store environment can enhance consumer satisfaction, which ultimately increases purchasing decisions. This research contributes to marketing management by emphasizing the importance of experiential and promotional factors in shaping consumer behavior in café businesses
Copyright (c) 2025 Hanif Mutiara, Ghina Nabilah https://creativecommons.org/licenses/by-sa/4.0
The Role of Electronic-Based Government System (SPBE) in Indonesia's Digital Government Era
The Electronic-Based Government System (SPBE) has emerged as a central pillar in Indonesia's digital transformation agenda, serving as a framework to improve transparency, efficiency, and accountability in public administration. This study employs a Systematic Literature Review (SLR) approach to synthesize findings from existing research on SPBE implementation, its challenges, and its impact on governance. Using 50 of the most relevant publications sourced from academic databases and the Consensus research platform, the study identifies key progress areas and persistent barriers. The findings reveal that SPBE contributes significantly to administrative efficiency, public service innovation, and citizen engagement. However, implementation disparities, cybersecurity vulnerabilities, and digital literacy gaps continue to hinder its full realization. This paper highlights the need for inclusive policy refinement, capacity building, and collaborative governance to sustain Indonesia's digital government transformation
Copyright (c) 2025 Ario Mahirnaja, Bernadette Robiani, Yulia Saftiana, Hasni Yusrianti https://creativecommons.org/licenses/by-sa/4.0
Digital Accounting Innovation for SMEs: The Role of Smita Akuntansi in Supporting Financial Management for Gen Z Entrepreneurs
Micro, Small, and Medium Enterprises (MSMEs) play a significant role in Indonesia’s economic growth; however, many still face challenges in financial management due to limited accounting literacy and a tendency to mix personal and business finances. Digital accounting innovation offers an opportunity to improve financial recording and reporting practices, especially among Gen Z entrepreneurs who are more adaptive to technology. This study examines the influence of perceived usefulness and perceived ease of use on the behavioral intention to use the Smita Akuntansi Mikro application, based on the Technology Acceptance Model (TAM). Using a quantitative approach with 50 Gen Z MSME respondents, data were collected through a survey and analyzed using linear regression. The results show that both perceived usefulness and ease of use have a positive and significant effect on the intention to use Smita Akuntansi Mikro, with the model explaining 76% of the variation in usage intention. These findings indicate that simple interface design and clear financial benefits increase users’ willingness to adopt digital accounting tools. Thus, Smita Akuntansi Mikro has strong potential to improve financial literacy, discipline, and business sustainability among young MSME entrepreneurs
Copyright (c) 2025 Smita Catur Sudyantara, Oktavian Miftahul Hilma https://creativecommons.org/licenses/by-sa/4.0
Implementation of lean canvas in Frillato Choco's startup business in facing business competition in Greater Kediri
This study aims to design a business model for Frillato Choco, a chocolate processing startup in Greater Kediri, which is still managed conventionally and faces challenges such as limited marketing channels and a lack of differentiation. Using a descriptive qualitative approach with case study methods and lean canvas analysis tools, this study maps out nine key elements of a business model to improve Frillato Choco's competitiveness. The results show that lean canvas is effective in helping businesses understand customer needs, formulate solutions, and develop efficient marketing strategies. It is recommended that Frillato Choco implement the lean canvas continuously, develop new chocolate snack products, and shift its marketing focus from Shopee to TikTok Shop to reach a wider market.
Copyright (c) 2025 Afrilia Ziam Fadila, Restin Meilina, Sigit Wisnu Setya Bhirawa https://creativecommons.org/licenses/by-sa/4.0
Reframing Development and Welfare through Islamic Participatory Governance: Conceptualizing a Maqasid al-shari’ah Framework
A development-oriented and hierarchical development framework has not achieved balanced prosperity. This research proposes a model of Islamic participation to realize sustainable, inclusive, and ethical development through a bottom-up approach. This research adopts a conceptual framework that combines Ibn Khaldun's historical thought on social solidarity (asabiyyah) and contemporary participatory development theory. This suggests that the participation of the Muslim communities plays an important role in bridging the disparity of distributive justice that mainstream economic models often overlook. In fact, community participation based on spiritual values can strengthen social cohesion and economic activity, direct the development process to be in harmony with the goals of maqasid al-shari’ah, and fulfil physical and spiritual needs. Theoretically, this research addresses a critical lacuna by integrating maqāṣid al-sharī‘ah into participatory governance and distributive justice. It conceptualizes maqāṣid as an operational framework that links ethical imperatives with institutional and social structures, advancing Islamic economics beyond normative discussions of an ideal society. Practically, it leads the model of policymakers in embedding moral, social, and spiritual dimensions within governance to ensure increased ethical accountability and social cohesion. It finally frames development as a collective moral endeavor in pursuit of falah, a holistic well-being that unites material and spiritual prosperity.
Copyright (c) 2025 Nisa Mutiara, Dewi Rahmawati Maulidiyah https://creativecommons.org/licenses/by-sa/4.0
Analyzing CSR and GCG Impact on Financial Performance through Intellectual Capital: A Literature Review
This study uses intellectual capital as a mediating variable to examine how corporate social responsibility (CSR) and good corporate governance (GCG) affect a company's financial performance. This study examines numerous empirical studies produced between 2020 and 2025 using a literature review methodology. The study's findings demonstrate that GCG and CSR both directly and indirectly improve financial performance through Intellectual Capital (IC). Effective CSR can strengthen trust and corporate image. Good governance can improve the efficiency and transparency of corporate management. Meanwhile, IC can transform social and governance practices into competitive advantages. In general, a company's financial performance can be enhanced by integrating CSR, GCG, and IC. To get comprehensive results, more research is advised to empirically investigate the mediation of IC in the relationship between CSR and GCG on financial performance
Copyright (c) 2025 Kiki Rohmatus Nursabila, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
The Influence of SIA, Education Level, Business Length, and Credit Provision on the Financial Performance of MSME Cafe
The purpose of this study is to analyze the influence of the Accounting Information System (SIA), education level, length of business, and credit provision on the financial performance of MSME cafes in Nganjuk Regency. This study uses an explanatory quantitative method used in 136 MSME café units, with data collected through questionnaires. The results of the analysis showed that the value of F calculated 8.010 > F table 2.44 and the significance of 0.000 < 0.05, indicating that the four independent variables had a significant effect on financial performance. These findings affirm the importance of good SIA management, the education level of business actors, length of business, and access to credit in improving financial performance. It is recommended that MSME actors utilize information technology and strengthen financial management to remain competitive in the digital era
Copyright (c) 2025 Nadila Putri Anggraini Mudianto, Dwi Puji Rahayu, Mohammad Ali Lutfi https://creativecommons.org/licenses/by-sa/4.0
Internal GCG Factor and Performance in Indonesian State-Owned Enterprises
Company management based on the principles of Good Corporate Governance (GCG) is an effort to make GCG the basis for company management guidelines in order to manage company management. The application of GCG principles is currently very much needed so that companies can survive and be resilient in facing increasingly tight competition, and to be able to apply business ethics consistently in order to create a healthy, efficient, and transparent business climate. This study aims to examine the effect of institutional ownership, managerial ownership, board of commissioners, audit committee on the financial performance of state-owned companies listed on the IDX for the period 2019 - 2024. Based on the purposive sampling method, a sample of 27 companies was generated with data sources derived from financial reports. The data analysis technique used multiple linear regression analysis with the SPSS 26 program tool. The results of this study indicate that: institutional ownership has a negative effect, managerial ownership and audit committee have a positive effect
Copyright (c) 2025 Windy Adriana, Rika Henda Safitri, Umi Kalsum, Imelda https://creativecommons.org/licenses/by-sa/4.0
Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Sektor Energi Periode 2020-2024
Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance terhadap kinerja keuangan perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia selama periode 2020-2024. Penelitian ini merupakan penelitian kuantitatif. Data yang digunakan adalah data sekunder yang diperoleh dari Bursa Efek Indonesia. Populasi dalam penelitian ini mencakup seluruh perusahaan sektor energi yang terdaftar di BEI sebanyak 91 perusahaan. Teknik pengambilan sampel dilakukan dengan metode purposive sampling, sehingga diperoleh 13 perusahaan sebagai sampel penelitian. Metode analisis data yang digunakan pada penelitian ini mencakup analisis statistik deskriptif, uji asumsi klasik, analisis regresi linier berganda, serta uji hipotesis dengan menggunakan bantuan program IBM SPSS versi 26. Hasil penelitian ini menunjukkan bahwa: Komite audit tidak berpengaruh terhadap kinerja keuangan. Kepemilikan manajerial berpengaruh positif terhadap kinerja keuangan. Kepemilikan institusional berpengaruh positif terhadap kinerja keuangan perusahaan
Copyright (c) 2025 Irma Maghfiroh, Heni Agustina https://creativecommons.org/licenses/by-sa/4.0
ANALYSIS OF COMPANY TAX STAFF PERCEPTION CORETAX IMPLEMENTATION AND ITS IMPACT ON TAX ACCOUNTING RECONCILIATION
This study analyzes corporate tax staff's perceptions of the implementation of the Core Tax Administration System (Coretax) and its impact on the tax accounting reconciliation process. Coretax is an integrated digital tax administration system launched by the Directorate General of Taxes to improve tax efficiency, transparency, and compliance in Indonesia. The study used a qualitative approach with a case study method and data collection techniques including in-depth interviews, participant observation, and documentation studies with tax staff at several companies. The results indicate that tax staff generally have a positive perception of Coretax due to its ease of use and benefits in accelerating reconciliation and improving the accuracy of tax reporting. However, there are challenges such as a lack of understanding of the system's features and limited training, which impact the effectiveness of Coretax's use. Coretax's significant positive impact is seen in improving tax administration efficiency and taxpayer compliance through more accurate and transparent fiscal reconciliation. This study recommends increased training and technical support to further optimize Coretax implementation to support modern, accountable and reliable tax administration.
Copyright (c) 2025 Aridani, Nur Anisah https://creativecommons.org/licenses/by-sa/4.0
The Influence of Discipline, Work Experience and Salary on Employee Performance (Study on Employees of Caruban Madiun District Hospital)
This study aims to analyze the influence of Discipline, work experience and salary on employee performance at Caruban Madiun District Hospital. Using a quantitative method, this research involved 232 employees as respondents. Data were collected through a questionnaire and analyzed using multiple linear regression. The results showed that, partially, Discipline, word experience, and salary have a significant effect on employee performance. Simultaneously, these three variables also contribute significantly to the improvement of employee performance. These findings have implications for the management of Caruban Madiun District Hospital to strengthen Discipline, enhance a fair reward system, and provide development opportunities for employees to optimize the health service performance provided to the community.
Copyright (c) 2025 Supraptiningsih, Handaru Agnyana, Dian Fenella Hibatulah https://creativecommons.org/licenses/by-sa/4.0
Transformational Leadership, Job Satisfaction, and Organizational Culture in the Dynamics of Performance Improvement of ASN in Jombang
This study examines how transformational leadership style and organizational culture impact employee performance, with job satisfaction as a mediating factor among sub-district employees in Jombang Regency. The decline in performance across seven sub-districts is the basis for this research. It employs a quantitative approach, using a sample of 86 civil servants from a population of 125 employees selected through purposive sampling. Data analysis was conducted using Structural Equation Modeling (SEM) based on Partial Least Square (SmartPLS 4). The results indicate that transformational leadership style and organizational culture positively affect job satisfaction and employee performance. Job satisfaction serves as a partial mediating variable. This study highlights the need to improve transformational leadership skills and establish an inclusive organizational culture to boost the performance of civil servants at the sub-district level
Copyright (c) 2025 Tatik Maryati, Tasnim Nikmatullah Realita https://creativecommons.org/licenses/by-sa/4.0
The Impact of Thin Capitalization and Profitability on Tax Avoidance
This study examines the effect of thin capitalization and profitability on tax avoidance in basic materials companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2024 period. The research was motivated by the ongoing issue of corporate tax avoidance in Indonesia, despite the implementation of anti–thin capitalization regulations. Using secondary data from audited financial statements, the study employed panel data regression analysis with the Common Effect Model (CEM) in EViews 12. The findings indicate that thin capitalization and profitability, both individually and simultaneously, have no significant effect on tax avoidance. The Adjusted R-squared value of –0.003957 shows that these variables explain only a minimal portion of tax avoidance behavior, implying that other factors such as firm size, capital intensity, or governance mechanisms may play a more dominant role. These results suggest that companies in the basic materials sector tend to prioritize operational stability and regulatory compliance rather than aggressive tax planning
Copyright (c) 2025 Revina Dwi Leigi Suherlan, Udi Pramiudi, Hadi Sutomo https://creativecommons.org/licenses/by-sa/4.0
Analyzing the Impact of ESG Disclosure on the Cost of Capital
This study examines the influence of Environmental, Social, and Governance (ESG) disclosure on the cost of capital among energy sector companies listed on the Indonesia Stock Exchange during 2021–2024. The research is grounded in stakeholder and legitimacy theories, emphasizing that transparent ESG practices enhance investor confidence and reduce perceived risk. Employing a quantitative approach with secondary data, the study utilizes panel data regression through STATA 17, with model selection based on the Chow and Lagrange Multiplier tests. The findings reveal that social disclosure significantly reduces the cost of capital, indicating that enhanced transparency in social responsibility strengthens stakeholder trust and financing efficiency. Conversely, environmental and governance disclosures exhibit statistically insignificant effects, suggesting that these dimensions require integration with broader sustainability strategies to yield measurable financial benefits. The study contributes to the growing discourse on sustainability finance in emerging markets by providing empirical evidence from Indonesia’s energy sector. The results underscore the importance for corporations and regulators to prioritize social disclosure while improving environmental and governance reporting standards aligned with international frameworks to enhance capital cost efficiency and long-term financial resilience
Copyright (c) 2025 Asrifa Rizki Arbawa, Sutarti https://creativecommons.org/licenses/by-sa/4.0
Does Female on Board Mitigate Earnings Manipulation to Pay Less Taxes? Further Evidence from Emerging Market
This study analyzes the effect of earnings management on tax avoidance with the moderating role of gender diversity on the board of directors (women on board/WoB) in Indonesian manufacturing companies. The data were taken from the Indonesia Stock Exchange (IDX) for the 2021–2023 period (380 samples). Using panel data regression and measuring tax avoidance through the Effective Tax Rate (ETR) and Book-Tax Differences (BTD), the results indicate that earnings management (both real and accrual) has no significant effect on ETR (Effective Tax Rate). Consequently, we reject the initial hypothesis (H1). However, real earnings management (REM) increases BTD (Book-Tax Differences). Profitability (ROA) emerged as the dominant factor. It is negatively associated with ETR (profitable companies pay less tax) and positively associated with BTD (widening the accounting-taxable income gap). Women on board (the proportion of female directors) failed to moderate the relationship between earnings management and tax avoidance. The low representation of women (averaging 10.9%) and the absence of strategic roles are suspected causes. The tax authority (DJP) needs to prioritise audits of companies with high ROA and focus on BTD analyses and real operational activities. This study highlights the complexity of tax dynamics in Indonesia, where profitability proves more crucial than earnings management or gender diversity in influencing tax avoidance.
Copyright (c) 2025 Indah Kurniyawati, Felizia Arni Rudiawarni, Dedhy Sulistiawan https://creativecommons.org/licenses/by-sa/4.0
Public Health Management Strategies in Optimizing the Role of Village Midwives as Agents of Change in Mental Health Awareness among Pregnant and Breastfeeding Women
Mental health is a fundamental dimension of public health that is often overlooked, especially in rural areas where stigma and limited access to services are still prevalent. This study aims to analyze in depth the role of village midwives as agents of change in increasing mental health awareness in rural communities through a community empowerment-based public health management approach. The research method used a descriptive qualitative approach with data collection techniques through in-depth interviews, participatory observation, and documentation of village midwives, health cadres, and target communities. Data analysis was conducted thematically through reduction, presentation, and conclusion drawing stages. The results show that village midwives play a role not only as providers of basic health services but also as social facilitators who initiate public dialogue, mental health education, and community support networks. Empathetic communication strategies and cross-sector collaboration proved effective in reducing stigma and improving mental health literacy among the community. This study emphasizes the importance of repositioning the role of village midwives as key actors in community-based mental health management. These findings recommend strengthening the capacity of village midwives through psychosocial training and integrating mental health policies into community health programs at the village level.
Copyright (c) 2025 Eny Yuniyati https://creativecommons.org/licenses/by-sa/4.0
Strengthening Inclusive Production Management Skills to Achieve Financial Independence for Surabaya's Smes
This study examines how strengthening inclusive production management skills helps small and medium- sized enterprises (SMEs) in Surabaya become more financially independent. Surabaya, one of the national economic growth centres, displays a competitive urban economic dynamic that requires extraordinary adaptation to the transformation of production systems. SMEs face numerous challenges, such as a lack of capital and technology, as well as insufficient management capabilities to run production processes fairly and effectively. Using phenomenological methodology as part of a qualitative approach, this study investigates the subjective experiences of SME actors when internalising the principles of efficiency and inclusion in production management. Participatory observation, in-depth interviews, and field documentation analysis were the methods used to collect data. The study found that inclusive production management practices, which include the implementation of production digitization, cross-stakeholder collaboration, and business community participation, are essential for improving the financial independence and competitiveness of SMEs. In addition, these practices provide opportunities for vulnerable groups, such as women and people with disabilities, to participate in the production value chain. This study shows that the financial independence of SMEs is determined not only by economic factors, but also by their ability to build flexible, fair, and integrated production systems
Copyright (c) 2025 Achmad Mamduh, Gunartin, Iva Nurdiana https://creativecommons.org/licenses/by-sa/4.0
Corporate Governance and Earnings Management: The Role of CSR Disclosure in Manufacturing Companies on the Indonesia Stock Exchange (2021-2023)
This study examines the relationship between Corporate Governance (CG), Earnings Management (EM), and the role of Corporate Social Responsibility (CSR) disclosure as a mediator in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2023. Based on a literature review of related scientific articles, strong CG, such as board diversity and audit committees, is negatively correlated with EM, while CSR disclosure mediates this relationship by reducing the incentive for earnings manipulation. The findings show that manufacturing companies with good CG tend to have higher CSR disclosure, which in turn improves earnings quality. Practical implications include recommendations for IDX regulators to strengthen CSR disclosure standards to encourage corporate transparency and sustainability
Copyright (c) 2025 Nadila Primastika https://creativecommons.org/licenses/by-sa/4.0
Exploring The Impact of Corporate Social Responsibility on Financial Performance with Green Innovation as a Mediator
Corporate Social Responsibility and green innovation are key resources and strategies for improving corporate financial performance and sustainability. This study aims to examine the relationship between CSR, green innovation, and financial performance through a literature review. This study reviews various previous studies that explain how CSR practices encourage companies to develop environmentally friendly innovations that can influence financial performance. The results of the analysis show that CSR has a positive impact on financial performance either directly or through green innovation. However, the effect of green innovation on financial performance varies depending on the business sector and the level of effectiveness of its implementation. Overall, CSR and green innovation not only improve financial performance but also strengthen long-term sustainability in business practices
Copyright (c) 2025 Aprilia Prameswari, Rohmawati Kusumaningtias https://creativecommons.org/licenses/by-sa/4.0
PENGARUH KUALITAS PELAYANAN DAN KEMUDAHAN PENGGUNAAN TERHADAP KEPUASAN PELANGGAN DALAM PEMBAYARAN DIGITAL DI LIRBOYO BAKERY KOTA KEDIRI
Good service quality and ease of use in digital payments will impact customer satisfaction. Practices in providing quality service, such as providing fast and responsive service, timely delivery, and providing assistance to customers who experience difficulties in using digital payments, will affect customer satisfaction. This study uses a quantitative methodology. Sampling was carried out using purposive sampling, totaling 78 samples with the criteria of students aged 17-22 years. Sampling used Isaac Michael's theory with a 5% error value from a population of 100. The data analysis method used multiple linear regression. The t-test results show that variable X1 is 0.001 <0.05, thus concluding that variable X1 has a significant effect on variable Y. The significance value of variable X2 is 0.003 <0.05, thus concluding that variable X2 has a significant effect on variable Y
Copyright (c) 2025 Murni Husna, Imma Rokhmatul Aysa, Atina Hidayati https://creativecommons.org/licenses/by-sa/4.0
Total Comprehensive Earnings and Corporate Value with Fundamental Macroeconomic as Moderation : South East Asia Evidence
The purpose of this study is to demonstrate the effect of total comprehensive earnings (TCE) on corporate value (CV) and to demonstrate the moderation of macroeconomic fundamentals (FME) in the relationship between TCE and CV. This study uses 1,341 firm-year observational data from the financial statements of 3,878 companies in the largest capital markets in five Southeast Asian countries. Hypotheses were tested using moderated regression analysis. The results indicate that TCE has a positive effect on CV, and FME strengthens the positive effect of TCE on FME. These results support the signaling theory (Spence) and the earnings content theory (BB 68), which states that high TCE is a positive signal from management to market participants that the company has the potential to receive comprehensive income, both realized and unrealized income, which represents the impact of FME on financial performance.
Copyright (c) 2025 Marhaendra Kusuma, Eti Putranti, Ahmad Budiman, Fazlinda Binti Ab Halim, Sanju Kumar Singh, Mariano Nunes https://creativecommons.org/licenses/by-sa/4.0
A THEORETICAL MODEL OF PRODUCTIVE WAQF IN SUPPORTING SUSTAINABLE DEVELOPMENT
Sustainable development is a global agenda that emphasizes the balance between economic, social, and environmental dimensions. However, the conventional development paradigm, which focuses mainly on material growth, often neglects moral and spiritual values. In this context, Islamic economics offers a value-based approach that places holistic well-being (falāh) as its ultimate goal. One of the most promising Islamic economic instruments is productive waqf, which refers to the productive management of waqf assets to generate continuous economic and social benefits. This article aims to construct a theoretical model of productive waqf in supporting sustainable development. The study employs a qualitative-descriptive method through conceptual analysis of Islamic economic literature and sustainable development theory. The findings reveal that productive waqf aligns closely with the principles of the Sustainable Development Goals (SDGs), particularly in poverty alleviation, education improvement, economic equity, and environmental conservation. The proposed theoretical model places tawhid (divine unity), justice, and maslahah (public benefit) as its foundational values, with professional nazhir institutions managing waqf assets toward sustainable welfare in line with the maqashid al-shariah. Therefore, productive waqf can serve as a strategic instrument for realizing inclusive, equitable, and sustainability-oriented development.
Copyright (c) 2025 Muhammad Jazuli, Ullkhissyah Syarifah Sendy, Uswatun Chasanah https://creativecommons.org/licenses/by-sa/4.0