Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

Pendeteksian Manipulasi Laporan Keuangan pada Perusahaan Konstruksi Menggunakan Model Beneish M-Score

Sefrilia Sandra Komala — 2025-11-01

This study aims to detect potential financial statement fraud in the Indonesian construction sector using the Beneish M-Score model. This study aims to test how effective this model can function as an early warning tool in identifying accounting manipulation in public companies. This study uses a quantitative descriptive approach. Secondary data were obtained from audited annual financial statements of five large construction companies listed on the Indonesia Stock Exchange for the fiscal years 2023 and 2024. The Beneish M-Score model was applied using eight financial ratios (DSRI, GMI, AQI, SGI, DEPI, SGAI, TATA, and LVGI), and the results were interpreted based on the set threshold of -2.22. The analysis showed that four companies did not exhibit signs of manipulation, with M-Scores below -2.22. However, PT Waskita Karya showed a partial M-Score of -1.82, indicating a strong signal of potential financial statement fraud. This highlights the relevance of the model in identifying warning signs, particularly in companies with complex financial structures. This study is limited by the partial calculation of M-Score components due to data availability constraints (e.g., DEPI, SGAI, TATA, LVGI). Additionally, this study does not involve forensic audits to confirm actual fraud. Nevertheless, this study suggests that regulators, investors, and auditors should integrate the Beneish model as an initial filter in assessing fraud risk, particularly in project-based and capital-intensive industries such as construction.

Pengaruh Temuan Sistem Pengendalian Internal, Temuan Kepatuhan Peraturan Perundangan, Tindak Lanjut Hasil Pemeriksaan dan Penyelesaian Kerugian Daerah Terhadap Opini Audit Atas Laporan Keuangan Pemerintah Daerah Kota di Pulau Sumatera

Muhammad Ramadhan Alendra — 2025-11-01

This study was conducted with the aim of analyzing the impact of “internal control system findings, compliance with laws and regulations findings, follow-up of examination results, and settlement of regional losses on the audit opinion of the financial statements of municipal governments located on the island of Sumatra”. This study employs a quantitative methodology, utilising secondary data sourced from the official website www.bpk.go.id. The research encompassed 33 cities on the island of Sumatra, comprising a total sample size of 150 individuals. This research employed a purposive sampling technique for sample determination. The hypothesis testing procedure is conducted via logistic regression analysis using Eviews 12 software. The findings indicated that, individually, Internal Control System Findings exert a positive and significant influence on Audit Opinions. The findings regarding adherence to laws and regulations, the follow-up on examination results, and the resolution of regional losses do not significantly impact the audit opinion. Simultaneous testing shows that the variables of Internal Control System Findings, Regulatory Compliance Findings, Follow-Up of Audit Results, and Regional Loss Settlement collectively have a significant influence on the Audit Opinion of the LKPD of the City on the Island of Sumatra.

Implementasi Fatwa DSN-MUI dalam Perlindungan Aset Investor di Pasar Modal Syariah: Analisis Prinsip Syariah dan Kaidah Fiqih PSada Mekanisme Dana Perlindungan Pemodal (DPP)

Setiawan Bin Lauri — 2025-11-01

This research aims to analyse the role of the Islamic capital market in supporting an investment ecosystem that complies with Sharia principles, with a focus on the mechanism of investor asset protection through the Investor Protection Fund (Dana Perlindungan Pemodal, DPP) based on DSN-MUI Fatwa No. 157/DSN-MUI/VII/2024. The research method employed is descriptive qualitative analysis with an Islamic legal approach, examining the legal basis, Islamic capital market instruments, and the Sharia principles underpinning the management of the DPP. The findings indicate that the Islamic capital market plays a significant role in creating a fair, transparent, and Sharia-compliant investment environment. DSN-MUI Fatwa No. 157/DSN-MUI/VII/2024 provides clear legal guidance on the management of the DPP, applying the principles of wakalah bil ujrah and kafalah as forms of guarantee for investors. This research also identifies that the application of qawaid fiqhiyyah, such as the principle that preventing harm takes precedence over obtaining benefit, forms the basis for DPP management to prevent injustice and misuse of assets. The implication of this research is the importance of strict supervision by authorities such as the Financial Services Authority (OJK) and DSN-MUI to ensure compliance with Sharia principles, thereby enhancing public trust in the Islamic capital market and fostering sustainable economic stability.

Pengaruh Ukuran Perusahaan, Pertumbuhan Aset, Struktur Aset, Tingkat Utang, dan Likuiditas Terhadap Profitabilitas

Muhamad Naufal Lukman Hakim — 2025-11-01

Company size, asset growth, asset structure, debt ratio, and liquidity are the variables analyzed in this study to determine their impact on profitability. Companies listed on the Indonesia Stock Exchange (IDX) that produce consumer goods from 2019 to 2023 are the objects of this study. Several factors are considered independent variables, including company size (natural logarithm of total assets), asset growth rate, asset structure (ratio of fixed assets to total assets), debt level (Debt to Asset Ratio), and liquidity ratio (Current Ratio). ROE is used as the dependent variable to measure profitability. The study sample consists of 30 companies with five years of data, resulting in a total of 150 observations. However, an outlier occurred, resulting in 28 companies with a total of 140 observations. Multiple linear regression was used in this study. The test findings show that all five independent factors significantly influence profitability simultaneously. While asset structure, debt level, and liquidity have a negative and significant impact, only asset growth has a positive and significant impact. There is no significant impact of company size. This study provides a clear understanding of the role of financial structure and asset management in improving corporate profitability, which is beneficial for both management and investors.

Peran Customer Online Review dalam Memediasi Niat Beli Produk Skincare

Yandi Suprapto — 2025-11-01

This research examines the influence of digital marketing on purchase intention in the skincare industry, focusing on the role of social media marketing, e-WOM, brand image, and influencer endorsers mediated by customer online reviews. According to Statista (2020), the skincare industry experienced significant growth with a total value reaching USD 335.6 billion in 2020, increasing by 3.6% from the previous year and projected to reach USD 344.4 billion in 2021. This research aims to analyze the causal relationships between digital marketing variables (social media marketing, e-WOM, brand image, influencer endorsers) on purchase intention with customer online reviews as a mediating variable. The research method uses a quantitative approach with path analysis to test nine proposed hypotheses. The results show that SMM, e-WoM, and Brand Image have a significant influence on Customer Online Review, while Influencer Endorser shows no significant influence. This research extends previous studies by integrating the role of customer online reviews as a mediator in influencing consumer purchase intention

Optimalisasi Manajemen SDM Berbasis Nilai-Nilai Syariah dalam Meningkatkan Kinerja Karyawan pada Lembaga Keuangan Syariah

Dhani Sudirman — 2025-11-01

Human resource (HRM) management in Islamic financial institutions emphasizes not only efficiency and productivity but also reflects Islamic values in all its practices. This study aims to examine how optimization of HRM based on Sharia values is carried out at Pegadaian Syariah Johar, East Karawang, and how this implementation impacts employee performance. This study uses a descriptive qualitative approach with a case study method. Data collection techniques were conducted through observation, in-depth interviews, and documentation of management and employees directly involved in institutional activities. The results show that Sharia values such as trustworthiness, honesty, responsibility, and deliberation have been internalized in the work culture and interpersonal relationships among employees. Although not yet fully integrated into formal managerial systems such as recruitment and performance evaluation, these values have positively contributed to employee discipline, loyalty, and work ethic. These findings confirm that a values-based approach can be an effective strategy for managing HRM in Islamic financial institutions. The implications of this research encourage the importance of developing a more structured and consistent HR management system with sharia principles, so that Islamic financial institutions are not only economically superior, but also reflect ethical and spiritual excellence.

Pengaruh Kompetensi, Integritas, dan Skeptisme Profesional Auditor terhadap Fraud Prevention dengan Kualitas Audit Sebagai Variabel Intervening: Studi pada BPKP Provinsi Sumatera Selatan

Nurhaliza Kurniasyari — 2025-11-01

This study aims to analyze the influence of auditor competence, integrity, and professional skepticism on fraud prevention, with audit quality as an intervening variable among auditors at BPKP South Sumatera Province. The research employs a quantitative associative approach using purposive sampling technique. Data were collected through questionnaires and analyzed using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) method with the assistance of SmartPLS version 4 software. The results indicate that auditor competence, integrity, and professional skepticism have a positive effect on fraud prevention. However, audit quality as a mediating variable between competence, integrity, and professional skepticism and fraud prevention does not have a significant effect.

Pengaruh Motivasi Kerja dan Work Life Balance Terhadap Kinerja Pegawai di mediasi Komitmen Organisasi: Studi pada Pegawai DPUPR Kabupaten Batang

Ronggo Prasetyo — 2025-11-01

This study aims to analyze the influence of work motivation and work-life balance on employee performance, mediated by organizational commitment. The population in this study was 412 employees of the Batang Regency Public Works and Housing Agency (DPUPR), with a sample size of 120 drawn using the Roscoe formula (1975). Sampling was conducted using purposive sampling with the criterion of employee tenure exceeding one year. Data were processed using SPSS version 22 software. Data analysis techniques included respondent descriptions, variable descriptions, validity tests, reliability tests, F-tests, R2-tests, t-tests, and mediation tests using path analysis. The results indicate that work motivation has a positive effect on organizational commitment, work-life balance has a positive effect on organizational commitment, organizational commitment has a positive effect on employee performance, work motivation has a positive effect on employee performance, work-life balance has no effect on employee performance, organizational commitment mediates the effect of work motivation on employee performance, and organizational commitment mediates the effect of work-life balance on employee performance.

Pengaruh Self Efficacy dan Psychological Capital Terhadap Kinerja Pegawai di mediasi Komitmen Organisasional pada Pegawai Sekretariat Daerah Kabupaten Batang

Septa Andi Wibowo — 2025-11-01

This study aims to analyze efforts to improve employee performance through self-efficacy and psychological capital mediated by organizational commitment. The population in this study was 310 employees of the Batang Regency Regional Secretariat, with a sample size of 110 drawn using the Roscoe formula (1975). Sampling was conducted using purposive sampling with the criterion of employee tenure of more than one year. Data were processed using SPSS version 22 software. Data analysis techniques included respondent descriptions, variable descriptions, validity tests, reliability tests, F-tests, R2-tests, t-tests, and mediation tests using path analysis. The results indicate that self-efficacy has a positive effect on organizational commitment, psychological capital has a positive effect on organizational commitment, self-efficacy has a positive effect on employee performance, psychological capital has a negative effect on employee performance, organizational commitment has a positive effect on employee performance, organizational commitment mediates the effect of self-efficacy on employee performance, and organizational commitment mediates the effect of psychological capital on employee performance.

Pengaruh Rasio Profitabilitas, Likuiditas, dan Solvabilitas Terhadap Nilai Perusahaan: Studi Kasus pada Perusahaan Perbankan di LQ45 Tahun 2019-2023

Ulfa Laili Nurul Badriyah — 2025-11-01

This study aims to analyze the effect of financial ratios consisting of profitability, liquidity, and solvency ratios on the firm value of banking companies listed in the LQ45 index during the 2019–2023 period. The research method used is a quantitative approach with multiple linear regression analysis. The data used are secondary data from annual financial reports obtained through the official website of the Indonesia Stock Exchange (www.idx.co.id). The results show that the profitability ratio measured by Return on Assets (ROA) has a significant effect on firm value. Meanwhile, the liquidity ratio measured by Current Ratio (CR) and the solvency ratio measured by Debt to Equity Ratio (DER) do not have a significant effect on firm value. These findings have important implications for company management and investors in making strategic financial decisions.

Pengaruh Beban Kerja dan Lingkungan Kerja Terhadap Turnover Karyawan Gen Z Studi Kasus pada UMKM di Kabupaten Toraja Utara

Helda Yosep — 2025-11-01

Helda Yosep, 2025, "The Influence of Workload and Work Environment on Gen Z Employee Turnover: A Case Study on MSMEs in North Toraja Regency". The purpose of this study is to find out whether there is an influence of workload and work environment on Gen Z employee turnover A case study on MSMEs in North Toraja Regency. The data collection procedure from this study is: Observation, Questionnaire and Documentation.The method used in this study is a quantitative method using the Multiple Linear Regression method and processed using SPSS 26. The researcher took samples using survey techniques with samples taken from MSME employees in North Toraja Regency consisting of 100 respondents. Calculation results in the t-test Workload t calculated 6.366 > t table 1.664, With a sig value of 0.000> 0.05. And in the variable Work Environment t calculate 6.366 > t table 1.664, with a sig value of 0.000> 0.05. The conclusion of this study is that Workload Affects Gen Z Employee Turnover and Work Environment Does Not Affect Gen Z Employee Turnover in North Toraja Regency.

Penerapan Gaya Kepemimpinan Transformasional dalam Meningkatkan Kinerja Karyawan di KSPPS NU Sejahtera: Studi Deskriptif

Isma Wardiana — 2025-11-01

This study aims to describe the application of transformational leadership and its contribution to improving employee performance at KSPPS NU Sejahtera. The study employed a qualitative approach with a descriptive approach, conducted through in-depth interviews, non-participatory observation, and documentation of managers and marketing staff. The results indicate that the four dimensions of transformational leadership according to Bass and Avolio idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration have been consistently applied in this cooperative's work environment. Despite challenges during the leadership transition in 2022, the new leaders successfully established open communication, clearly communicated the organization's vision, and demonstrated concern for employees. Consequently, employee morale and performance have improved, reflected in indicators of quality, quantity, resilience, and work attitude. Institutionally, this is demonstrated by the cooperative's revenue growth, reaching IDR 860 billion in 2024, network expansion, and strategic partnerships with national and international institutions. These findings reinforce the relevance of transformational leadership as an effective managerial strategy for improving the performance and sustainability of Sharia-compliant organizations.

Strategi Pemasaran Bank Syariah Indonesia Terhadap Generasi Millenial dan Gen Z: Pendekatan Marketing Mix Persfektif Lovelock dalam Meningkatkan Loyalitas Nasabah Persfektif UU Perbankan Syari’ah

Nia Puspita Hapsari — 2025-11-01

The research aims to analyze the marketing strategy of Islamic banking services implemented by (BSI) to attract, and retain millennial and Gen Z customers a midst increasingly tight competition in the Islamic banking industry. Applying the services marketing mix approach according to Love lock (7P: Product, Price, Place, Promotion, People, Process, Physical Evidence), the study examines the effectiveness of BSI’s marketing strategy based on the perceptions, and satisfaction of Millennial, and Gen Z customers. The approach used is qualitative, with literature studies, digital media observation, and thematic analysis of BSI’s marketing campaign. The results show that BSI implements a digitization approach, modernly packaged Sharia values, and storytelling based on social benefits to attract the younger generation. The study is reviewed from the perspective of Law/No.21/2008” Sharia Banks emphasize the principles of fairness, transparency, and Sharia values in banking services. The findings provide strategic implications for BSI in formulating more segmented marketing policies based on the needs of the younger generation in line with the also provide strategic insights for Sharia banks in managing the market segmentation of Millenials and Gen Z sustainably.

Dekonstruksi Altman Z-Score: Dampak Individual Rasio Keuangan Terhadap Kapitalisasi Pasar Perusahaan Transportasi dan Logistik Era Post-Pandemi

Ana Maulida — 2025-11-01

Post-pandemic transformation creates complexity in evaluating transportation industry financial health requiring deconstructive approaches toward conventional prediction models. This research aims to analyze individual influence of Altman Z-Score components on market capitalization of transportation and logistics companies in the post-pandemic era. Explanatory quantitative methodology was applied to 25 transportation companies listed on Indonesia Stock Exchange during 2020-2023 period, utilizing panel data regression techniques with random-effect model approach. Research findings reveal significant paradox: working capital to total assets ratio demonstrates negative influence (coefficient = -1.056; p = 0.048), contradicting theoretical expectations. Conversely, market value of equity to total liabilities ratio (coefficient = 0.196; p = 0.000) and asset utilization efficiency (coefficient = 1.388; p = 0.000) exhibit dominant positive contributions to firm valuation. Findings confirm insignificance of retained earnings and operational profitability in determining investor perception. The model explains 94.9% of market capitalization variability, indicating robustness of deconstructive analysis. Research concludes that investors prioritize operational efficiency and market confidence over traditional liquidity indicators, reflecting paradigm evolution in performance evaluation within structurally disrupted industries.

Pengaruh Return on Assets (ROA), Debt To Equity Ratio (DER), dan Current Ratio (CR) Terhadap Harga Saham Perusahaan Rokok di Bursa Efek Indonesia Periode 2017-2024

Beni Seftiawan — 2025-11-01

This study aims to analyze the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), and Current Ratio (CR) on the stock prices of cigarette companies listed on the Indonesia Stock Exchange (IDX) during the 2017–2024 period. The data used are secondary data obtained from annual financial reports and stock prices of four cigarette issuers: PT Gudang Garam Tbk, PT Hanjaya Mandala Sampoerna Tbk, PT Bentoel Internasional Investama Tbk, and PT Indonesian Tobacco Tbk. The analysis method used is multiple linear regression with classical assumption tests. The results show that partially, ROA and CR have a significant positive effect on stock prices, while DER has a significant negative effect. Simultaneously, the three variables significantly affect stock prices. These findings support the signaling theory and provide important implications for investors and company management in making financial decisions.

Pengaruh Digital Marketing, Pengalaman Pelanggan, Dan Kepercayaan Pelanggan Terhadap Minat Beli pada Platform Marketplace Facebook

Nashrul Ulum — 2025-11-01

This study aims to analyze the influence of digital marketing, customer experience, and customer trust on purchase intention on the Facebook Marketplace platform. The background of this research lies in the increasing trend of online shopping via social media and the need to understand psychological and marketing factors that drive consumer purchase decisions. This research is expected to contribute theoretically to the literature on digital marketing and provide practical insights for business practitioners, particularly MSMEs, in optimizing their digital marketing strategies.The research method used is a quantitative approach with survey techniques by distributing questionnaires to 100 active Facebook Marketplace users in Semarang City. The research instrument was tested using validity and reliability tests, and data analysis was conducted through multiple linear regression to measure the influence of each independent variable on the dependent variable. The sampling technique used purposive sampling based on specific criteria relevant to the study objectives.The results indicate that digital marketing, customer experience, and customer trust have a positive and significant influence on purchase intention, both partially and simultaneously. These findings prove that effective digital marketing strategies, positive customer experiences, and strong trust levels can significantly enhance consumers' intention to purchase through the Facebook Marketplace platform. The study offers practical recommendations for businesses to improve sales conversions in the digital era.

Pengaruh CAR, LDR, BOPO dan NPL terhadap ROA dengan Tipe Bank sebagai Variabel Moderasi (Studi pada Bank Umum Konvensional dan Bank Umum Syariah Periode 2019–2023)

Anita Hermawati — 2025-11-01

This study aims to analyze the impact of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Operating Expenses to Operating Income (BOPO), and Non-Performing Loans (NPL) on Return on Assets (ROA), while also investigating whether the type of bank (conventional or Islamic) plays a moderating role in these relationships. Employing a quantitative approach, this research utilizes secondary data derived from audited financial statements of commercial banks published on the official website of the Financial Services Authority (OJK) for the 2019–2023 period. The sample, consisting of 85 observations, was determined using G*Power software. Data analysis was performed using panel data regression along with Moderated Regression Analysis (MRA), assisted by EViews version 13. Banks were selected through purposive sampling based on criteria such as completeness of financial reports, consistency of financial ratios, and operational continuity throughout the study period. The empirical findings reveal that CAR has a positive yet statistically insignificant effect on ROA, LDR significantly and positively affects ROA, while both BOPO and NPL have significant negative effects on ROA. Furthermore, bank type moderates the relationships between CAR, BOPO, and NPL with ROA, but does not moderate the effect of LDR. Collectively, the independent variables explain 88.68% of the variation in ROA, with the remaining 11.32% attributed to other factors not captured in the model.

Digitalisasi dan Kualitas Layanan dalam Meningkatkan Kinerja Keuangan KSPPS: Studi Kasus BTM Pekalongan dengan Dana Pihak Ketiga sebagai Variabel Moderasi

Betty Pebriani — 2025-11-01

This study investigates the impact of service quality and digitalization on the profitability of KSPPS BTM Pekalongan, with Third-Party Funds (TPF) serving as a moderating variable. A quantitative approach was applied using a census method, involving 135 employees across 13 branch offices and 1 sub-branch. Data were collected through questionnaires and analyzed using moderated regression analysis (MRA). The results reveal that service quality has a positive and significant effect on profitability, while digitalization exerts a negative and significant influence. Additionally, Third-Party Funds negatively moderate the relationship between service quality and profitability, but positively moderate the relationship between digitalization and profitability. These findings underscore the importance of enhancing service quality and strategically implementing digitalization initiatives, alongside effective management of Third-Party Funds, to improve the financial performance of Islamic microfinance cooperatives.

Pengaruh Penerapan Green Accounting, Kinerja Lingkungan dan Corporate Social Responsibility (CSR) Terhadap Profitabilitas Perusahaan Sektor Basic Materials

Ica Intan Piwari — 2025-11-01

This study aims to examine the influence of Green Accounting, Environmental Performance, and Corporate Social Responsibility (CSR) on the profitability of Basic Materials sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2023. This research employs a quantitative approach using purposive sampling and obtains 18 companies as samples over two years of observation, resulting in 36 data points. The independent variables in this study are Green Accounting, Environmental Performance, and CSR, while the dependent variable is profitability, measured by the Return on Assets (ROA) ratio. The data analysis technique used is multiple linear regression with the aid of SPSS version 27. The results show that environmental performance and Environmental Corporate Social Responsibility (CSR) have a positive effect on profitability, whereas Green Accounting does not have a significant effect. This research contributes to the development of stakeholder theory and corporate sustainability disclosure practices in improving financial performance.

Pengaruh Bi-Rate, Inflasi, dan IHSG Terhadap Dana Pihak Ketiga Perbankan Syariah di Indonesia Tahun 2020-2024

Mochammad Zaki — 2025-11-01

This study aims to analyze the influence of macroeconomic variables, namely the BI-Rate, inflation, and IHSG, on Third Party Funds (TPF) at Islamic Commercial Banks and Islamic Business Units in Indonesia during the 2020–2024 period. The data used is monthly time series data spanning five years, with 60 observations. The analytical method used is multiple linear regression with the Ordinary Least Squares (OLS) approach, adjusted for Heteroskedasticity and Autocorrelation Consistency (HAC) to address violations of the classical assumptions. The results show that the BI-Rate and the IHSG have a positive and significant effect on TPF, while inflation has no significant effect. Simultaneously, all three independent variables have a significant effect on TPF with a coefficient of determination of 93.6%, indicating that the model is very effective in explaining variations in TPF. These findings demonstrate the importance of macroeconomic indicators in the accumulation of public funds in the Islamic banking sector.

Pengaruh Pad, Dana Perimbangan dan Belanja Modal Terhadap Kinerja Keuangan dan Ukuran Pemda Sebagai Moderasi Studi Kasus pada Pemerintah Kabupaten dan Kota di Provinsi Jawa Tengah Tahun 2021 Sampai dengan 2023

Nur Aisyah — 2025-11-01

This study aims to analyze and empirically verify the influence of Local Revenue, Fiscal Equalization Funds, and Capital Expenditure on Local Government Financial Performance, as well as to examine the moderating effect of Local Government Size. The population in this study includes 29 districts and 6 cities in Central Java Province, with an analysis period of three years from 2021 to 2023. The data used were obtained from the Budget Implementation Reports and Balance Sheets of the regencies and cities in Central Java Province for the years 2021 to 2023. The analysis methods applied were Multiple Regression Analysis and Reduced Regression Analysis. The results of the study indicate that Local Government Revenue and Capital Expenditure have a partial influence on Financial Performance, while Fiscal Equalization Funds do not have an influence. Additionally, the Size of Local Government moderates the influence of Capital Expenditure on Financial Performance, but does not moderate the influence of Local Government Revenue on Financial Performance.

Pengaruh Likuiditas, Leverage, Profitabilitas, dan Investasi Berkelanjutan Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2020–2024

Putri Utami Wijayati — 2025-11-01

This study aims to examine the impact of liquidity, debt, profitability, and sustainable investment on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) in the 2020–2024 period. Firm value is a very important indicator that reflects investors' views on a company's performance and long-term prospects. The research sample consisted of 27 manufacturing companies that were purposively selected based on certain criteria, such as data availability and consistency in financial reporting over five years, resulting in a total of 135 observational data. This study uses a quantitative approach by applying multiple linear regression analysis to investigate the relationship between the independent and dependent variables. The analysis results show that, simultaneously, all four independent variables have a significant impact on firm value, as evidenced by an F value of 9.145 and a significance level of 0.000. However, separately, only the profitability variable has a positive and significant impact on firm value (sig. = 0.000). In contrast, the liquidity, debt, and sustainable investment variables do not show a significant impact on firm value in the model used.

Analisis Pengaruh Pengungkapan CSR Terhadap Kepuasan Investor pada Perusahaan Sektor Tambang yang Terdaftar di BEI

Ditta Happyani — 2025-11-01

CSR disclosure is measured using an index score based on the Global Reporting Initiative (GRI) guidelines, while investor satisfaction is represented by stock returns. The research method employed is a quantitative approach using simple linear regression analysis. The t-test results show that CSR disclosure has a positive and significant effect on investor satisfaction, with a significance value of < 0.001. Furthermore, the coefficient of determination (R²) of 0.928 indicates that 92.8% of the variation in investor satisfaction can be explained by CSR disclosure. These findings reinforce the evidence that good CSR practices can enhance investor trust and satisfaction, especially in industries with high environmental risk.

Pengaruh Pendapatan Asli Daerah, Dana Bagi Hasil dan Belanja Modal terhadap Kemandirian Keuangan pada Pemerintah Daerah Kabupaten/Kota di Provinsi Kalimantan Timur Tahun 2019-2023

Evi Zunnia — 2025-11-01

This study aims to determine the influence of local revenue, profit-sharing funds, and capital expenditure on financial independence in Regency/City Regional Governments in East Kalimantan Province. The data used in this study is secondary data with data obtained through the official website of the Central EPPID of the Audit Board of the Republic of Indonesia (BPK RI) in 2019-2023. This type of research is a quantitative research. The population that is the focus of this study includes all Regional Governments, consisting of 9 Regencies/Cities in East Kalimantan Province with a total sample of 45 in this study. The sample determination in this study used the "purposive sampling" technique. The data analysis method uses panel data regression analysis with the help of Eviews 12 for windows. The results of this study can be concluded that partially local original revenue and profit-sharing funds have no effect on financial independence, while capital expenditure has a negative and significant effect on financial independence. Simultaneously, local revenues, profit-sharing funds, and capital expenditure have a significant effect on financial independence in Regency/City Regional Governments in East Kalimantan Province in 2019-2023.

Determinants of Household Food Security in Eastern Indonesia 2016-2023

Muhammad Hartana Iswandi Putra — 2025-11-01

The purpose of this study is to determine the effect of education level, GRDP per capita, and the COVID-19 pandemic on household food security in Eastern Indonesia for the period 2016-2023, both partially and simultaneously. Food security is important because it not only concerns people's welfare but also influences a country's economy. The research method used in this study is a quantitative approach with the Ordinary Least Squares (OLS) method and annual time series data from 2016-2023. This study uses household food security as the dependent variable, education level and GRDP per capita as independent variables, and the COVID-19 pandemic as a dummy variable. The analytical technique used in this study is panel data regression analysis. The research findings illustrate that education level (X1) has a positive effect on household food security (Y). This means that the higher a person's education level, the higher their household food security will be. Vice versa. GRDP per capita (X2) has no effect on household food security (Y). This means that fluctuations in GRDP per capita in a region will not impact household food security (Y). The COVID-19 pandemic (X3) has a positive effect on household food security (Y). This means that if the COVID-19 pandemic occurs, household food security will increase. Vice versa. Education level, GRDP per capita, and the COVID-19 pandemic simultaneously influence household food security (Y).

Analisis Pengendalian Internal Pengelolaan Dana Bantuan Sosial Kelompok Usaha Bersama (KUBE) dalam Menunjang Pencapaian Sustainable Development Goals (SDGs): Studi Kasus pada Dinas Sosial Provinsi Jawa Barat

Sintya Maghdani Riyanto — 2025-11-01

This study aims to analyze the internal control in managing social assistance funds of Kelompok Usaha Bersama (KUBE). The research focuses on the effectiveness of control mechanisms, accountability, and transparency in the distribution and utilization of funds. The research method used is descriptive qualitative, with data collected through interviews, observations, and documentation. The results indicate that the implemented internal control still faces several challenges, such as limited supervision, lack of managerial understanding regarding accountability standards, and weak administrative documentation. Nevertheless, improvement efforts have been made through enhanced coordination among administrators and guidance from relevant stakeholders. This study recommends strengthening the monitoring system, providing training for administrators on financial governance, and improving transparency to ensure that the management of KUBE social assistance funds becomes more effective, accountable, and sustainable.

Pengaruh Pendapatan Asli Daerah, Kemandirian Keuangan Daerah, Belanja Modal dan Total Aset Terhadap Tingkat Pengungkapan Wajib LKPD Provinsi di Pulau Sumatera

Fitri Khairunnisa — 2025-11-01

This study aims to determine the factors influencing the level of transparency required in local government financial reports on Sumatra Island until 2023. The following are the research factors: the amount of required LKPD disclosure, PAD, capital expenditure, total assets, and regional financial independence. Saturated sampling was used in this quantitative research design to select ten provinces. Data were sourced from local government financial documents. The results show that the level of required LKPD disclosure is substantially influenced by total assets, negatively and significantly by capital expenditure, and positively and significantly influenced by regional financial independence, but partially unaffected by the independent variable, PAD. However, the amount of required LKPD disclosure is also influenced by independent factors. The impact of independent factors in previous studies is shown in the literature review, which supports this.

Perencanaan Keuangan Pribadi Mahasiswa dengan Model Time Value of Money

Aulia Aulia Eka Fatmawati — 2025-11-01

Personal financial planning is a crucial aspect that must be well-managed by students to effectively achieve both short-term and long-term financial goals. This study aims to analyze students' personal financial planning using the Time Value of Money (TVM) model through a quantitative approach. The TVM model was chosen for its ability to calculate the value of money at different points in time, enabling students to make rational financial decisions based on future monetary projections. The research employed a primary data collection method through questionnaires distributed to active students across various faculties. The collected data were analyzed using descriptive and inferential statistical techniques to assess students' understanding of the TVM concept and its application in personal financial planning. The results indicate a significant positive correlation between knowledge of TVM and students' ability to develop optimal financial plans. This study provides practical insights to help students manage their finances by considering both time and risk factors, thereby enhancing financial literacy and fostering financial independence. The findings also have implications for the development of campus-based financial education programs.

E-MUL: Model Edukasi Digital untuk Meningkatkan Literasi Keuangan dan Pendapatan UMKM Berbasis Mobile Learning di Kabupaten Sedang Bedagai

Yenni Arfah — 2025-11-01

Micro, Small, and Medium Enterprises (MSMEs) play a vital role in the Indonesian economy, including in Serdang Bedagai Regency, making this sector a key driver of local economic growth. However, most female MSMEs still face challenges in financial literacy, particularly in cash flow recording, capital management, and financing decision-making. This study aims to develop a Green Economy-based Digital Microfinance conceptual model designed to improve financial literacy and strengthen access to capital for female MSMEs in rural areas. The method used is Research and Development (R&D), which includes problem identification, literature review, model design, and limited trials. The results show that the developed model combines three main components: (i) microfinance literacy, which improves transaction recording skills by up to 30% with an average increase in literacy scores of 22%; (ii) integration of green economy principles, which encourages 65% of business actors to consider resource efficiency and environmental sustainability practices; and (iii) a mobile learning approach, which was positively appreciated by 88% of respondents because it provides flexible access and accelerates material understanding. Overall, this model has proven relevant in addressing the financial literacy needs of women-led MSMEs in rural areas, while also offering a new direction in empowering micro-enterprises oriented toward sustainability.

Pemahaman Pelaku Usaha Produk Roti dan Kue Terhadap Undang Undang Nomor 33 Tahun 2014 Tentang Jaminan Produk Halal di Kecamatan Pesanggrahan

Fathur Rachman — 2025-11-01

This study aims to provide an understanding of halal products to bread and cake product business actors in Pesanggrahan District. This study uses a research method with a qualitative descriptive approach, namely a research method related to writing a topic of discussion by describing it, namely describing the understanding of business actors regarding Law Number 33 of 2014 concerning Halal Product Assurance and explaining the application of understanding of Halal Assurance to bread and cake product business actors in Pesanggrahan District, as well as analyzing the supporting and inhibiting factors in the understanding of business actors regarding Law Number 33 of 2014 concerning Halal Product Assurance. The results of this study found that there are still many bread and cake product business actors who do not understand Law Number 33 of 2014 concerning Halal Product Assurance and there are still some business actors who do not have Halal certificates. In this study, the author made efforts starting from socializing the implementation of halal certification to raise awareness of bread and cake product actors to implement halal certification. The awareness of business actors is seen in the increase in cognitive aspects that lead them to carry out halal certification. The supporting factors are in the form of adequate support and facilities in the implementation of halal certification. Meanwhile, inhibiting factors in the form of inadequate follow-up policies mean that the implementation of halal certification has not yet been carried out properly.

Pengalaman Intersubyektif Remote Audit Masa Post Covid

Risyad Alfiqho — 2025-11-01

This research aims to explain interactions (intersubjective) between individual auditors and between auditors and auditees in implementing remote audits from the engagement, planning, implementation and reporting stages after the COVID-19 pandemic. This research applies a qualitative approach in an interpretive paradigm and phenomenological methods. In-depth interviews were conducted with four auditors and one auditee. Using Alfred Schutz's intersubjective phenomenology to describe the experiences and meanings of each informant and combined with Interpretative Phenomenological Analysis (IPA). The research results show that after the COVID-19 pandemic, the use of hybrid methods resulted in the intensity of direct interaction between audit teams reducing reductions in the planning and implementation stages. Meanwhile, direct interaction with auditees is increasing compared to during the pandemic. The effective use of remote audits post-pandemic has implications for making audit data collection easier, auditors can focus more on examining material accounts and shorten audit time in meeting audit deadlines.

Pengaruh Kompetensi, Akuntabilitas dan Independensi Terhadap Kualitas Audit dengan Etika Auditor Sebagai Variabel Moderating

Shelly Amelia Sari — 2025-11-01

This study analyzes the influence of competence, accountability, and independence on audit quality, with auditor ethics as a moderating variable. Using a quantitative approach and SmartPLS 4 analysis, data was collected through a questionnaire distributed to 45 auditors at PT. Perkebunan Nusantara I Regional VII Kebun Beringin. The research results indicate that competence, accountability, and independence directly have a positive and significant effect on audit quality. The moderating analysis further reveals that auditor ethics significantly strengthens the relationship between competence and audit quality, as well as between accountability and audit quality. However, auditor ethics does not have a significant role in strengthening the relationship between independence and audit quality. This finding concludes that auditor ethics is an important factor that can enhance the effectiveness of auditor competence and accountability in producing high-quality audits.

Analisis Financial Distress pada Perusahaan Ritel yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2024

Fariza Alya Syalsabilla — 2025-11-01

This study analyzes the financial distress conditions of retail companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2024, focusing on PT Matahari Department Store Tbk (LPPF) and PT Ramayana Lestari Sentosa Tbk (RALS). The objective is to understand the potential for bankruptcy and provide information for management and investors. This study employs a descriptive qualitative approach using the Altman Z-Score method. Secondary data in the form of annual financial reports from 2020 to 2024 serve as the primary source for the Altman Z-Score model. The Altman Z-Score involves four key financial ratios: working capital to total assets (X1), retained earnings to total assets (X2), EBIT to total assets (X3), and book value of equity to book value of liabilities (X4). The research results show different dynamics between the two companies. PT Matahari Department Store Tbk (LPPF) showed significant fluctuations, briefly entering the Distress Zone in 2020 with a Z-Score of -0.19079, but recovered to the Safe Zone in 2021 and 2022, then returned to the Grey Zone in 2023, and returned to the Safe Zone in 2024. On the other hand, PT Ramayana Lestari Sentosa Tbk (RALS) demonstrated consistent financial stability in the Safe Zone throughout the 2020-2024 period, with a high Z-Score that tended to increase until 2023, indicating sustainable liquidity, operational efficiency, and profitability. The Altman Z-Score has proven effective as a tool for predicting financial distress, especially during times of economic uncertainty. RALS has demonstrated strong financial stability, while LPPF has experienced fluctuations, highlighting the importance of this tool as an early warning signal for stakeholders.

Analisis Perhitungan Harga Pokok Produksi Menggunakan Metode Full Costing pada Pempek Feri Palembang

Siska Amalda — 2025-11-01

This study aims to analyze the calculation of the cost of production at UMKM Pempek Feri Palembang using the full costing method. The research method applied is descriptive qualitative with a case study approach. Data were collected through observation, documentation, and interviews to obtain information regarding raw material costs, direct labor, and factory overhead costs. The results indicate a difference between the company’s calculation of the cost of production and the full costing method, where the full costing method provides more accurate results as it includes all cost components, both variable and fixed. Therefore, the implementation of the full costing method can assist the company in determining a more precise selling price and improving the accuracy of production cost control.

Fungsi Badan Usaha Milik Desa (Bum Desa) Maju Sejahtera dalam Meningkatkan Kesejahteraan dan Kemandirian Masyarakat di Desa Ngampungan Kabupaten Jombang

Natasya Firdaus Supriyanto — 2025-11-01

Poverty is often experienced by rural communities due to a lack of means to fulfill basic needs, as well as difficulties in accessing education and employment. The high level of poverty in rural areas is caused by various factors such as the level of education, low motivation, few jobs, the number of dependents, and differences in access to resources. Therefore, an economic institution that is able to utilize the potential of the village is needed. BUM Desa is present with the aim of improving the village economy through the establishment of business units. The purpose of this study was to determine the role of BUM Desa in improving the economy in Ngampungan Village. The research method used in this research is qualitative research. The results showed that the role of BUM Desa in improving the economy in Ngampungan Village is 1). as a driving force for the village economy, by developing appropriate businesses based on village potential and establishing cooperation with other village institutions. 2) as a business institution that produces PAD, by opening business units that generate profits, developing innovations for BUM Desa businesses 3) as a means to encourage the acceleration of improving the welfare of rural communities, namely by establishing partnerships with village communities and opening up jobs for rural communities.

Pengaruh Green Entrepreneurial Orientation Terhadap Sustainable Innovation Performance dengan Mediasi Green Innovation Culture pada UMKM di Yogyakarta

Naufal Beni Purnama — 2025-11-01

Environmental sustainability has become a major concern for businesses, particularly MSMEs, to adopt environmentally friendly business practices. This study aims to analyze the influence of Green Entrepreneurial Orientation (GEO) on Sustainable Innovation Performance (SIP), with Green Innovation Culture (GIC) as a mediator in MSMEs in the Yogyakarta region. This study used a quantitative approach, with data collected from 200 MSMEs from various business sectors using a structured questionnaire. Data testing was conducted using SEM-PLS. The results showed that GEO had a positive and significant effect on SIP with a p-value of 0.000 and GIC with a p-value of 0.000. Furthermore, GIC was shown to positively mediate the relationship between GEO and SIP with a p-value of 0.002. These findings emphasize the importance of implementing GIC for MSMEs in strengthening the role of GEO in achieving MSME SIP, while also contributing theoretically.

Pengaruh Disiplin dan Motivasi Terhadap Produktivitas Kerja Karyawan Plant Cikarang U PT. Nippon Indosari Corpindo Tbk

Ranuyoga Arsyiandi — 2025-11-01

This study aims to determine the effect of work discipline and motivation on the productivity of Plant Cikarang U PT. Nippon Indosari Corporindo Tbk. Data were analyzed using validity, reliability, and multiple regression tests, with 76 samples taken from Plant U employees. The hypothesis was tested to apply the T test, F test, and the coefficient of determination. The findings of this study describe the regression equation y = 16,610 + 0.273x1 + 0.454 x2 + e. Variable analysis shows that work discipline has a score of 2,993> t table 1,294, work motivation has a t count score of 4,738> t Table 1,294. Partially disciplined and motivation has a significant positive effect on productivity through sig scores <0.05. Simultaneously, the three variables have F count 56,727> F table 2.38, and Sig 0,000 <0.05 shows a significant effect on employee work productivity. The independent variable explains 61.8% of variations in work productivity, while the remaining 38.2% are explained by other variables. It is recommended that companies increase discipline and employee work motivation to achieve productivity targets.

Penilaian Atas Pengelolaan Keuangan Desa Menurut Permendagri Nomor 113 Tahun 2014 (Studi Kasus di Desa Lendang Nangka Kecamatan Masbagik)

Moh. Yusron Ali — 2025-11-01

This research aim to to assess monetary management of countryside according to Permendagri number 113 year 2014 in case study in countryside of Lendang Nangka District of Masbagik. Subjek in this research is monetary management of countryside pursuant to Permendagri number 113 year 2014 and becoming this research object is countryside of Lendang Nangka district of Masbagik. Result of research is monetary management of countryside pursuant to Permendagri number 113 year 2014 about Management of Finance Countryside in done/conducted case study in countryside of Lendang Nangka district of Masbagik have pursuant to Permendagri number 113 year 2014. As for efficacy of Government of Countryside in executing applying of Permendagri number 113 year 2014 about Management of Finance Countryside is the existence of Human Resource adequate (SDM) and team cooperation or between Chief if the desk part of communicative in working regional goodness of Countryside office of Lendang Nangka and also moment reside in field to see problems that happened which is later; then made by reference device Regulation of Countryside about APBDESA.

Keyword: monetary management, countryside finance, countryside

Analisis Penerapan Prinsip-prinsip Islamic Good Corporate Governance (GCG) pada Pengelolaan Keuangan Syariah di Baznas: Studi Kasus Baznas Kabupaten Morowali

Lalu Khaeril Anwar — 2025-11-01

Analysis of the Implementation of Islamic Good Corporate Governance (GCG) Principles in Sharia Financial Management at BAZNAS (A Case Study of BAZNAS Morowali Regency). This research aims to analyze the application of Islamic Good Corporate Governance (GCG) principles in the management of sharia finance at the National Zakat Agency (BAZNAS) in Morowali Regency. Islamic GCG is a governance principle founded on Islamic values, including syura (consultation), amanah (responsibility), justice, and transparency. The study used a qualitative approach with a case study method, where data was collected through in-depth interviews, observation, and documentation. The informants were BAZNAS leaders. The results show that the implementation of Islamic GCG principles at BAZNAS Morowali Regency is progressing quite well, particularly in the areas of financial reporting transparency, accountability in the use of zakat funds, and strict sharia supervision. However, some challenges still exist, such as a limited number of human resources who fully understand Islamic governance principles and difficulties in the digitalization of financial reporting. This research contributes to the literature on sharia financial governance and provides recommendations for strengthening a governance system that aligns with Islamic values within zakat management institutions. By optimally implementing Islamic GCG, BAZNAS is expected to increase public trust and more effectively and equitably distribute zakat funds to recipients (mustahik).

Pengukuran Kinerja Perbankan Sebelum dan Sesudah Menerapkan Teknologi Blockchain: Studi Kasus pada Bank BUMN yang Menerapkan Teknologi Blockchain Periode 2017-2024

Aura Restu Anindya Putri — 2025-11-01

The purpose of this study is to examine the differences in financial performance before and after the application of blockchain technology to BUMN Bank. This researcher used a quantitative approach with secondary data in the form of state-owned bank financial statements for the 2017-2024 period. Variables analyzed include Return On Asset (ROA), Return On Equity (ROE), Net Interest Margin (NIM), and Operational Cost and Revenue (BOPO) with Shapiro-Wilk normality test, Paired Sample-test, and Wilcoxon Signed Rank Test. Research results show that implementing blockchain does not have a significant effect on ROA and ROE. Meanwhile, the ratio of NIM and BOPO was found to have a significant influence only on Bank Negara Indonesia (BNI) and Bank Mandiri, while other state-owned banks did not show a significant difference. This indicates that the impact of blockchain on the profitability and efficiency of state-owned banks is still limited because this technology is relatively new so that its benefits are not fully reflected on financial performance. Based on the analysis results in this study, it is shown that banks need to adjust their business strategies by utilizing blockchain for operational efficiency, service innovation, and improved security and transparency to maintain sustainable competitiveness and profitability.

Pengaruh Fraud Diamond Terhadap Kecurangan Laporan Keuangan Organisasi Dinyatakan dalam Pemantauan Khusus Yang Terdaftar di Bei (Periode 2021-2023)

Ahmad Atok — 2025-11-01

Introduction: Financial reports serve as the bedrock for stakeholders' financial choices; however, these reports frequently undergo manipulation via fraudulent practices, deceptive displays, facts of significance being left out, or skewing accounting information. Expanding on the Fraud Triangle's concepts of pressure, opportunity, and rationalization, the Fraud Diamond Theory introduces the aspect of skill, highlighting that fraud takes place only when the wrongdoer possesses both the know-how and the authority to execute it. This investigation seeks to understand how financial goals (ROA), insufficient oversight by the board of directors (BDOUT), audit assessments, and alterations in board members impact fraudulent activities, gauged through the employment of the F-Score. Methods: This research will employ a numerical method, centering on firms in the manufacturing industry that have been designated for special observation by the Indonesia Stock Exchange from 2021 to 2023. A specific sampling method was employed, yielding a compilation of 36 data points for utilization in this research endeavor. The objective of this analytical work is to furnish a response to the proposed research question through the implementation of structural equation modeling techniques. Results: Based on the study's outcomes, it is reasonable to infer that the influence of governance and financial performance elements on the likelihood of financial statement fraud, as assessed by the F-Score model, varies. According to the data, financial goals (ROA), inadequate monitoring (BDOUT), and audit opinions do not significantly impact the F-Score, but changes in directors do have a substantial and beneficial impact. These data points suggest that only changing directors immediately raises the possibility of financial statement fraud, whereas performance targets, monitoring systems, and auditor opinions are insufficient indicators of fraud in the F-Score model.

Halal Lifestyle sebagai Tren Global: Dampaknya terhadap Perkembangan Industri Halal di Indonesia

Sahal Mustajab — 2025-11-01

This study aims to identify the main characteristics of the halal lifestyle as a global trend and to analyze its impact on the development of the halal industry in Indonesia across various subsectors, including food and beverages, cosmetics/pharmaceuticals, fashion, tourism, and Islamic finance. Using a qualitative approach with a descriptive-analytical method, this research is based on a systematic literature review of reputable journal articles, international halal industry reports, and policy documents from relevant institutions. The findings reveal that the halal lifestyle is no longer merely a religious obligation but has evolved into a global consumption phenomenon that integrates spiritual, ethical, and quality values. This trend has expanded opportunities for Indonesia’s halal industry by increasing awareness among both Muslim and non-Muslim consumers who perceive halal products as symbols of hygiene, safety, and sustainability. The domestic halal industry has grown rapidly, particularly in the sectors of food, halal cosmetics, modest fashion, and Muslim-friendly tourism, though it continues to face challenges such as low halal literacy, regulatory limitations, certification costs, and underdeveloped supply chain infrastructure. Government support through the National Committee for Islamic Economy and Finance (KNEKS), international branding strategies, digital marketing, and cross-sectoral collaboration are crucial in strengthening Indonesia’s halal industry competitiveness. In conclusion, the halal lifestyle has great potential to become a strategic instrument for national economic development while positioning Indonesia as an inclusive and sustainable global halal hub.

Analisis Rasio Keuangan untuk Mengukur Kinerja Keuangan Pemerintah Daerah Kota Surabaya Periode 2021 - 2024

Dwi Rezky Amalya Ahmad — 2025-11-01

Study analyzes the fiscal performance of the Surabaya City Regional the administration period 2021–2024 fiscal year using financial ratio analysis, which includes effectiveness, efficiency, fiscal efficiency, spending activity, and regional revenue and expenditure growth. Descriptive quantitative methods incorporate secondary Information derived from the Budget Realization Report (LRA) and financial statements. The study found that Regional Original Income contributes more than central and provincial government transfers. The average effectiveness ratio is 90.96% (quite effective), the efficiency ratio is 87.75% (quite efficient), and the revenue ratio is 151.57% (delegative). Operating expenditure dominates at 82.81%, while capital expenditure is only 17.05%. The growth ratio shows a fluctuating trend with PAD growing 42.56%, regional income 8.99%, operating expenditure 6.27%, and capital expenditure 27.30%. Overall, the Surabaya City Government's financial performance is good, with stable effectiveness and efficiency, a very high fiscal level, and positive revenue and expenditure growth, although inconsistent. However, the dominance of operating expenditure over capital expenditure Requires enhancement in order to financial management can focus more on infrastructure development and improving public services.

Purchase Decision dan Repurchase Intention: Analisis Bibliometrik Faktor Digital Marketing

Nia Valentina — 2025-11-01

The advancement of digital technology has driven a major transformation in marketing strategies, positioning digital marketing as a primary approach in shaping consumer purchase decisions and repurchase intentions. Although numerous studies have explored the influence of digital marketing on purchase intention, systematic research that connects digital marketing with repurchase intention through bibliometric analysis remains limited. This study aims to analyze trends, dominant themes, and scientific contributions in the literature related to purchase decision and repurchase intention within the context of digital marketing. The method used is bibliometric analysis with a descriptive quantitative approach, utilizing data from Scopus. The findings reveal a significant increase in publications since 2018, peaking in 2025. Key themes identified include customer satisfaction, service quality, perceived value, and decision making, all closely linked to repurchase intention. China and Indonesia are noted as the top contributing countries, while authors such as HAN H. and LEE J. demonstrate consistent productivity. Keyword network visualization and thematic analysis show that repurchase intention is a central focus in the literature, supported by various consumer behavior variables. The study concludes that digital marketing plays a crucial role in fostering consumer loyalty, and bibliometric analysis provides a comprehensive overview of the direction and development of research in this field.

Pengaruh Personality Traits Terhadap Business Sustainability dengan Competitive Advantage Sebagai Variabel Mediasi dalam Perspektif Manajemen Bisnis Syariah: Studi pada Konsumen Bakso Syukron di Bandar Lampung

Muhammad Faqih Hidayat — 2025-11-01

Personality Traits is to examine the consistency of a person's stability, namely the extroversion trait of being able to socialize in circumstances and various situations as time goes by. A person's personality or different personalities that consumers have is what causes not every time a business to experience the crowd that every entrepreneur wants. Uniqueness in a business is a characteristic that must be possessed, this characteristic is what can distinguish one business from another business. The population in this study is Syukron meatball consumers in Bandar Lampung. The number of samples used is 100 respondents. This research method is quantitative with online questionnaire data collection technique through google form with analysis method using Structural Equation model approach with SmartPLS 4 application. The data analysis technique used is mediation regression analysis (Mediation Regression Analysis). The results of this data show that Personality Traits have a positive and significant effect on Business Sustainability. Personality Traits have a positive and significant effect on Competitive Advantage, Competitive Advantage has a positive and significant effect on Business Sustainability. And Personality Traits affect Business Sustainability mediated by Competitive Advantage.

Transformasi Globalisasi 5.0: Pergeseran Strategis Dalam Perilaku Konsumen dan Ekosistem Digital Dalam Persfektif UU ITE 2024

Nia Puspita Hapsari — 2025-11-01

This research examines how the transformation towards “Globalization 5.0” triggers strategics changes in consumer behavior, and the digital ecosystem, and how these changes requires adjustments to the regulations of the 2024 version of the ITE Law regarding these changes. The era of Globalization 5.0 marks a new chapter in the relationship between technology, behavior, and global business strategy. This transformation is not only marked by the acceleration of digitalization is not only marked by the emergence of a digital ecosystem integrated with local, data driven, and sustainable values. The research aims yo analyze how the shift towards Globalization 5.0 changes consumer behavior and corporate marketing strategies, and corporate marketing strategies in the context of digitalization, and how the regulations of the 2024 version of the ITE Law change. The research method used was a systematic literature review with a qualitative approach. The results show that global business strategies are now transforming into a global digital ecosystem, where companies must adapt marketing strategies that are responsive to local cultures, but based on technologies such as Artificial Intteligence (AI), and the Internet of Things (IoT). The study emphasizes the importance of integrating digitlaization, local cultural values, and consumer behavior as the foundation of competitive strategy in the era of Globalization 5.0. The revised 2024 ITE Law still contains “rubber” articles, potential regulatory overlap (for example, with the Personal Data Protection Law), and weak adaptation to new technologies are identified as regulatory barriers.

Work Facilities as A Moderating Variable of The Influence of Work Ethic Variables on Employee Performance

Putri Ayu Permata Dewi — 2025-11-05

This study is a qualitative study with a descriptive approach, namely an approach that explores the main topics in this study using descriptive texts. The data used in this study is secondary data that the researcher obtained indirectly from scientific articles, books, scientific journals, and various other sources commonly used in research. The data used was analyzed using smart PLS 4.0 analysis tools. The result in this artcile show that toll road infrastructure development has several positive impacts, including accelerating the distribution of goods and services, strengthening the industrial and manufacturing sectors, improving the tourism sector, encouraging the growth of MSMEs and the regional economy, and so on. In addition to its positive impacts on economic growth, toll road infrastructure development also has several negative impacts, one of which is environmental pollution. To address this issue, every toll road infrastructure development should also protect the environment and adhere to a sustainable development system.

The Influence of Youtube Beauty Vloggers on Cosmetic Consumer Decisions with User Generated Content as A Moderating Variable

Anggi Oktawiranti — 2025-11-09

This research is a quantitative study with an explanatory approach, an approach that places previous research as a mainstay for creating, modifying, and proving the hypotheses in this article. The data used in this study is primary data obtained by the researcher from one hundred and fifty consumers of Athena and MAXI cosmetics spread throughout Indonesia. The data obtained was analyzed using the smart PLS 4.0 analysis tool. The conclusion in this article show that the hypothesis that the researcher formulated in this article, namely the YouTube Beauty Vlogger variable can have a positive relationship direction and a significant influence on Cosmetic Consumer Decisions and the User Generated Content variable can also moderate the influence of the YouTube Beauty Vlogger variable on Cosmetic Consumer Decisions. From the first row above, it shows that the first hypothesis in this article can be accepted because the P-Values value is positive and is below the 0.05 significance level, namely 0.014. These results indicate that YouTube Beauty Vlogger can make products more famous, wider market share, and increasing demand for cosmetic products. In addition, the second hypothesis in this article can also be accepted because the same thing is the P-Values value is positive and below the 0.05 significance level. Thus, it can be concluded that the first and second hypotheses in this article can be accepted and proven.