Indonesian Journal Economic Review (IJER)
It's a biannual refereed journal concerned with economic research and analysis in Indonesia and broader regional contexts. It provides a forum for academics, practitioners, and policy makers to explore issues and reflect on practices relating to economic development, policy, and theory. This journal is a peer-reviewed online journal dedicated to the publication of high-quality research focused on Indonesian economic issues and comparative economic studies. To submit your article to Indonesian Journal Economic Review (IJER), you can access the manuscript format from the author guidelines. → Download Template (English)
Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)
Analysis of Fiscal Equalisation Funds and Local Financial Autonomy in West Tanjung Jabung Regency
This study aims to analyze the development of balancing funds, the structure of balancing funds, and the level of regional financial independence in Tanjung Jabung Barat Regency during the 2020 to 2024 period. This study uses a descriptive quantitative approach with secondary data obtained from the Regional Revenue and Expenditure Budget (APBD) Realization Report published by the Directorate General of Fiscal Balance (DJPK), Ministry of Finance of the Republic of Indonesia. The analytical methods used include development analysis, contribution analysis, and regional financial independence ratio analysis. The results show that balancing funds remain the main source of regional revenue, with an average contribution of 87% to total regional revenue. The structure of balancing funds is dominated by Revenue Sharing Funds (DBH) and General Allocation Funds (DAU), while the average regional financial independence ratio is only 8%, which is categorized as very low. These findings indicate that Tanjung Jabung Barat Regency still has a high level of dependence on central government transfers. Therefore, efforts are needed to optimize Regional Original Revenue (PAD) to increase fiscal capacity and strengthen regional financial independence.
Copyright (c) 2026 Muhammad Teja, Zulfanetti, Jaya Kusuma Edy https://creativecommons.org/licenses/by-nc-sa/4.0
A Comparative Analysis of the Degree of Fiscal Decentralisation Between the City of Jambi and Batanghari Regency
Fiscal decentralisation is a key instrument in the implementation of regional autonomy, aimed at enhancing the financial independence of local governments. The success of fiscal decentralisation can be measured by a region’s ability to optimise its own-source revenue (PAD) and reduce its dependence on central government transfers. This study aims to analyse the degree of fiscal decentralisation and identify differences in fiscal capacity between the City of Jambi and Batang Hari Regency during the period 2020–2024. The study employs a quantitative approach using a descriptive comparative method. The data used consists of secondary data obtained from the Budget Implementation Reports (LRA) of the City of Jambi and Batang Hari Regency. The analysis was conducted using ratios of the degree of fiscal decentralisation based on Local Own-Source Revenue (PAD), Tax and Non-Tax Revenue Sharing (BHPBP), and central government transfers. Furthermore, differences in the fiscal capacity of the two regions were analysed using an independent samples t-test. The results indicate that Jambi City possesses a higher level of fiscal autonomy compared to Batang Hari Regency, as evidenced by a relatively higher contribution of PAD to total regional revenue. Conversely, Batang Hari Regency exhibits a greater degree of dependence on revenue-sharing funds and central government transfers. The results of the t-test also indicate a significant difference in the degree of fiscal decentralisation between the two regions. These findings suggest that regional economic characteristics and the capacity to manage local revenue sources play a significant role in determining the level of fiscal autonomy of local governments.
Copyright (c) 2026 Dewi Purnama Sari, Nurhayani, Parmadi https://creativecommons.org/licenses/by-nc-sa/4.0
Analysis of the Influence of Job Training and Work Discipline on Employee Productivity with Motivation as Moderating Variables in Rattan Manufacturing Companies
The research examines the effects of job training and work discipline on employee productivity and tests work motivation as a moderating variable in rattan manufacturing companies. A quantitative explanatory design was applied to 153 employees selected through purposive sampling. Data were gathered through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that job training, work discipline, and work motivation have positive and significant effects on employee productivity. Work motivation also strengthens the effects of job training and work discipline on productivity. These results suggest that training programs will produce stronger outcomes when employees receive clear direction, fair rules, and motivation that matches production demands. The findings also imply that discipline should not rely only on sanctions, since employees respond better when rules support performance, safety, and work targets. For rattan manufacturing firms, productivity improvement requires coordinated action across skill development, attendance control, task supervision, and motivation systems. Managers should design training schedules based on job needs, apply discipline consistently, and build motivation through recognition, feedback, and attainable performance targets in daily production activities.
Copyright (c) 2026 Muhammad Rezqi Alifiananda Alif, Siti Maryam, Dharliana Hardjowikarto https://creativecommons.org/licenses/by-nc-sa/4.0
Profitability Beyond Size: How Working Capital Efficiency Creates Value Across Industries
This study investigates the effect of working capital efficiency on firm profitability across multiple sectors in Indonesia. Panel data covering 1,012 firms listed on the Indonesia Stock Exchange over the period 2014–2024 yielded 5,273 firm-year observations. Working capital efficiency was measured using three proxies: winsorized Cash Conversion Cycle, Inventory Turnover, and Accounts Receivable Turnover, while profitability was proxied by Profit Margin as the primary dependent variable. Multiple linear regression was estimated while controlling for firm size (Ln Market Cap) and industry sector using the open-source Jamovi software version 2.x. Our findings indicate that the Cash Conversion Cycle has a statistically significant negative effect on Profit Margin (b = –0.0067, p < 0.001). Inventory Turnover also exhibits a significant negative effect (b = –0.0116, p = 0.025), whereas Accounts Receivable Turnover demonstrates a positive effect (b = 0.0267, p = 0.032). Firm size emerges as the strongest predictor of profitability (b = 4.6579, p < 0.001). We observe substantial sectoral heterogeneity, with the property, transportation, and utility sectors showing significantly lower profit margins compared to the financial sector. These findings confirm the importance of efficient working capital management in enhancing financial performance, with mechanisms varying across industry sectors. This research contributes to the financial management literature by providing large-scale empirical evidence from an emerging market in Southeast Asia, while documenting cross-sectoral heterogeneity that explains inconsistent findings in prior research.
Copyright (c) 2026 Ika Prayanthi, Danny Ivan Rantung, Nouke Sysca Oroh https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Brand Image and Brand Awareness on the Decision to Purchase an iPhone in Cirebon
This study examines the influence of brand image and brand awareness on the decision to purchase an iPhone in the city of Cirebon. The issue addressed is the shift in consumer behavior, where consumers no longer consider price alone but also psychological factors such as brand image and brand awareness when making purchasing decisions. The objective of this study is to determine the influence of brand image and brand awareness, both individually and collectively, on purchasing decisions. The method used is a quantitative approach with an explanatory research design, employing data collection via a questionnaire administered to 394 iPhone users, and analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results indicate that brand image and brand awareness significantly influence purchasing decisions, both partially and simultaneously, with an R-square value of 62.2%, indicating a strong influence. The implications of this study highlight the importance for companies to enhance brand image and brand awareness through effective marketing strategies to drive consumer purchasing decisions, particularly in the premium smartphone market in the Cirebon region.
Copyright (c) 2026 Fardan Walidina Fardan, Lis Tatin Hernidatiatin https://creativecommons.org/licenses/by-nc-sa/4.0
Effects of Liquidity and Solvency on Stock Investment Returns in PT Telkom Indonesia Tbk for the 2014-2025 Period
This study analyzes the effects of liquidity and solvency on stock investment returns in PT Telkom Indonesia Tbk for the 2014-2025 period. A quantitative design is applied using secondary data from the company’s annual financial statements and year-end stock closing prices. Liquidity is measured by the current ratio, while solvency is measured by the debt to equity ratio. Stock investment return is calculated from yearly stock price changes. The data are tested through multiple linear regression with SPSS version 26. The findings show that liquidity and solvency have no significant effect on stock investment returns, either individually or jointly. The coefficient of determination reaches 45.2%, meaning that both financial ratios explain less than half of the variation in stock investment returns. The remaining 54.8% is linked to other factors outside the model. This result suggests that a healthy liquidity or solvency position does not automatically lead to higher stock returns. Investors need to compare these ratios with profitability, dividend policy, interest rates, market sentiment, and industry conditions before making investment decisions.
Copyright (c) 2026 Nurwita, Noryani, Lisdawati https://creativecommons.org/licenses/by-nc-sa/4.0
Prioritizing Service Quality Investments in Aesthetic Dental Clinics: An Importance-Performance Map Analysis (IPMA) Approach
This study examines the role of service quality in shaping revisit intention in private aesthetic dental services among millennials. A quantitative cross-sectional design was employed, with data collected from 241 respondents across eight accredited private dental clinics in Jakarta using an online survey. The study adopts the 6Q service quality framework and analyzes the data using Partial Least Squares Structural Equation Modeling (PLS-SEM) complemented by Importance-Performance Map Analysis (IPMA). The results indicate that technical quality has the strongest influence on revisit intention, followed by interpersonal and personnel quality. The model demonstrates substantial explanatory power, with an R² value of 0.604. IPMA findings reveal that indicators related to clinical outcomes and service efficiency, particularly aesthetic results and administrative processes, require priority improvement due to their high importance but relatively lower performance. Meanwhile, communication and clinical competence are identified as key strengths that should be maintained. These findings provide actionable insights for dental clinic managers to allocate resources more effectively by focusing on high-impact service attributes. The study contributes to the literature by extending the application of the 6Q framework in aesthetic healthcare services and integrating IPMA for more practical decision-making.
Copyright (c) 2026 Athina Isabella Sumanti, Ferdi Antonio https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Risk Perception and Income on Investment Decisions
This study examines how risk perception and income shape investment decisions among students of the Faculty of Economics and Business at ABC University, Jakarta. The issue is relevant because student investors often enter financial markets with uneven financial literacy, modest income, and different tolerance toward uncertainty. A quantitative design was applied using primary data collected through questionnaires. Since the population was manageable, census sampling was used, and 75 students became respondents. The data were tested with Partial Least Squares (PLS) to assess the direct and joint effects of the independent variables. The findings indicate that risk perception and income influence investment decisions both individually and jointly. The model explains 91% of the variation in investment decisions, while 9% is affected by variables outside this research. Although the explanatory value is high, the result should be read carefully because investment behavior among students may also be shaped by financial literacy, peer influence, digital investment platforms, and market information. This study suggests that better risk understanding and income management can support more rational student investment behavior.
Copyright (c) 2026 Tanti Widia Nurdiani, Riduwansah, Rudi Ginting, Gatot Dwiyono, Nini https://creativecommons.org/licenses/by-nc-sa/4.0
The Impact of Workplace Well-Being and Ethical Leadership on Employee Performance
This study aims to analyze the relationship between workplace well-being and ethical leadership in influencing employee performance at PT Sinar Glorindo Dinamika Semarang. The population of this study consisted of 123 employees at PT Sinar Glorindo Dinamika. The sampling method used was a census. This study employed a quantitative approach, with multiple linear regression analysis as the analytical technique. The results indicate that workplace well-being and ethical leadership, both partially and simultaneously, have a positive and significant influence on employee performance. These findings suggest that employee well-being serves as an important mechanism through which relational and ethical organizational resources are translated into improved performance outcomes. The implications of this study provide important managerial insights, suggesting that organizations should prioritize developing collaboration and strengthening ethical leadership practices to create a supportive work environment. Enhancing workplace well-being can serve as a strategic approach to improving employee performance. Furthermore, this study contributes to the literature by integrating ethics and well-being into a comprehensive performance model.
Copyright (c) 2026 La Ode Obi, Lisa Gresti Sella Damanik, Mutiasari, Sri Hastutik, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Product Innovation in Consumer Purchase Intention at Multi Mart Jaya Store in Hargomulyo Village
This study examines the role of product innovation in increasing consumer purchase intention at Multi Mart Jaya Store in Hargomulyo Village. The novelty of this research lies in analyzing product innovation in connection with the use of technology as a supporting factor to enhance purchase intention in a village-scale retail business. The study aims to analyze consumer purchase intention, identify obstacles causing low product innovation, and explain the impact of product innovation on consumer purchase behavior. This field research uses a qualitative approach. Data were collected through observation, in-depth interviews, and documentation. Informants included employees of Multi Mart Jaya who understand the store’s operations and consumer behavior trends. Data analysis was conducted descriptively through data reduction, data presentation, and conclusion drawing. The findings indicate that product innovation plays a crucial role in attracting and maintaining consumer purchase intention. However, limited capital, insufficient information about market trends, and low technology utilization have hindered optimal product innovation. This results in limited product variety, infrequent updates, and suboptimal promotion, which reduce consumer purchase intention. From an Islamic economics perspective, product innovation contributes to achieving maslahah by providing better products and services for consumers. In conclusion, enhancing product innovation supported by effective technology use can be an important strategy to improve business competitiveness and increase consumer purchase intention.
Copyright (c) 2026 Dwi Septianingsih, Fitrianingsih, Natasya Anggieta Putri, Senia Oktaviani, Murcitaningrum https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Work Discipline and Intrinsic Motivation on Employee Performance at PT Kharisma Berkah Nusantara, Bekasi
This study examines the influence of Work Discipline and Intrinsic Motivation on Employee Performance at PT Kharisma Berkah Nusantara, Bekasi. The research applies a quantitative approach with a descriptive-associative design. The population consists of 60 employees, and all employees were used as respondents through saturated sampling. Data were collected using Likert-scale questionnaires and analyzed with SPSS through validity, reliability, classical assumption, and multiple linear regression tests. The findings show that Work Discipline has a positive and significant effect on Employee Performance. Intrinsic Motivation also has a positive and significant effect, with a stronger influence than Work Discipline. Simultaneously, both variables affect Employee Performance in a significant way. The coefficient of determination shows that Work Discipline and Intrinsic Motivation explain 22.2% of Employee Performance, while 77.8% comes from other factors outside this study. This result indicates that employee performance cannot rely only on discipline and internal drive. PT Kharisma Berkah Nusantara needs to strengthen work discipline while also creating conditions that support personal responsibility, achievement, and employee commitment.
Copyright (c) 2026 Bambang Sutarto, Laila Irawati, Udin Saprudin https://creativecommons.org/licenses/by-nc-sa/4.0
Enhancing Job Performance Through Work Engagement: The Role of Perceived Organizational Support Among Non-Medical Employees
This study aims to analyze the effect of Perceived Organizational Support (POS) on Job Performance, with Work Engagement as a mediating variable among non-medical employees at RSUD Waled, Cirebon (n = 102). The research employed a quantitative approach using a survey method. Data were collected through questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that POS has a positive and significant effect on Work Engagement (β = 0.540; t = 6.407; p < 0.001). Work Engagement also has a positive and significant effect on Job Performance (β = 0.533; t = 6.237; p < 0.001), while the direct effect of POS on Job Performance is not significant (β = 0.015; t = 0.150; p = 0.881). In addition, the indirect effect of POS on Job Performance through Work Engagement is significant (β = 0.288; t = 3.939; p < 0.001), indicating that Work Engagement functions as a mediating variable in this relationship. These findings suggest that organizational support is more effectively translated into Job Performance through the enhancement of Work Engagement, highlighting the important role of Work Engagement in explaining the relationship between organizational support and the performance of non-medical employees.
Copyright (c) 2026 Padilah Hamzah, Agi Syarif Hidayat https://creativecommons.org/licenses/by-nc-sa/4.0
Strategic Recruitment Practices and Lean Hospital Performance: The Mediating Role of Patient-Centered Care in Private Hospitals
Despite growing attention to lean healthcare, limited empirical evidence explains how recruitment practices create operational and business value. This study examines how strategic recruitment practices influence lean hospital performance through the mediating role of patient-centered care (PCC). Recruitment is conceptualized through recruitment transparency, procedural justice, and previous work experience. A quantitative survey was conducted using purposive sampling of 221 experienced nurses recruited within the last two years from six Type B private hospitals in Jakarta. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that recruitment practices significantly enhance PCC, which in turn drives lean hospital performance. Procedural justice has the strongest effect on PCC (β = 0.472, p < 0.001), followed by recruitment transparency (β = 0.370, p < 0.001). PCC significantly improves lean hospital performance (β = 0.353, p < 0.001), confirming its central mediating role. Notably, procedural justice has no significant direct effect on lean performance (β = -0.061, p > 0.05), indicating full mediation through PCC. Other recruitment dimensions show smaller but significant direct and indirect effects. The findings highlight that recruitment creates value not directly, but by fostering patient-centered behaviors that enhance efficiency, service quality, and overall hospital performance. The study contributes to HR and healthcare management literature by positioning recruitment as a strategic driver of lean healthcare outcomes.
Copyright (c) 2026 Puni Oktisari, Ferdi Antonio https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Organizational Support and Meaningful Work on Work Engagement at the Environmental Office of Cirebon Regency
This study aims to analyze the influence of organizational support and meaningful work on work engagement among employees at the Environmental Office of Cirebon Regency. The background of this study highlights the phenomenon of unequal workload distribution, which has an impact on the decline of employee work engagement in the public sector. Using a causal associative quantitative approach, data were collected through questionnaires from 110 respondents selected using a simple random sampling technique with the Slovin formula. The results of multiple linear regression analysis show that both organizational support and meaningful work have a positive and significant influence on work engagement, both partially and simultaneously. Specifically, the meaningful work variable was found to have a more dominant influence than organizational support in shaping employee work engagement. The research model contributes 66.2% to the work engagement variable, while the remaining percentage is influenced by other factors outside the model. These findings emphasize that the integration of organizational system support and the internalization of work meaning is a key strategy for improving the dedication and professionalism of civil servants in facing bureaucratic challenges at the regional level.
Copyright (c) 2026 Tian Galuh Intan, Sunimah https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Financial Performance and ESG Disclosure on Firm Value: Evidence from IDX Score Firms in 2024
This study examines the influence of financial performance and ESG disclosure on firm value for companies listed on the Indonesian Stock Exchange (IDX) that are included in the IDX ESG Score index for the year 2024. Financial performance is indicated by Return on Assets (ROA), firm value is quantified using Tobin's Q, and ESG disclosure is denoted by the ESG score released by IDX. Grounded in agency theory, stakeholder theory, and signaling theory, the study utilises a quantitative associative methodology, drawing on secondary data from annual reports and sustainability reports. A purposive sampling method produced a final sample of 58 companies. Multiple linear regression analysis was applied following classical assumption tests. The findings demonstrate that ROA significantly enhances firm value, whereas ESG disclosure exhibits a favourable albeit statistically minor impact on tobin’s Q. Simultaneously, both variables significantly influence firm value, with an Adjusted R-squared of 13.7%, suggesting that additional factors beyond the model explain the majority of firm value variation. These studies confirm that in the Indonesian capital market, financial performance remains the primary signal for investors, while ESG disclosure functions as a supporting signal not yet fully priced by the market.
Copyright (c) 2026 Nabil Maulana, Ario Purdianto, Benny Dhevyanto https://creativecommons.org/licenses/by-nc-sa/4.0
A Fiqh Muamalah Analysis of Contractual Practices in the E-Bekal Payment System at Nurul Jadid Islamic Boarding School
This study examines the implementation of contracts within the E-Bekal digital payment system used by students at Nurul Jadid Islamic Boarding School from the perspective of fiqh muamalah. The rapid development of Sharia-based financial technology in Islamic boarding schools has encouraged the adoption of cashless payment systems; however, previous studies have predominantly focused on digitalization effectiveness, consumer behavior, and financial management, while limited attention has been given to the analysis of multi-contract practices embedded in pesantren-based digital payment systems. This research therefore addresses the gap by specifically analyzing the integration of wadi’ah, bai’, and wakalah contracts within the E-Bekal platform. This study employs a qualitative approach using a case study design. Data were collected through in-depth interviews, observations, and documentation involving system administrators, cooperative officials, student guardians, and student users. The findings reveal that the operational mechanism of E-Bekal consists of balance top-ups by guardians, digital fund storage, and payment transactions within the pesantren business units. These practices reflect the application of wadi’ah in the deposit and storage of funds, bai’ in purchasing transactions, and wakalah in the management of the payment system. The study further finds that the integration of these contracts forms a Sharia-compliant digital financial ecosystem that promotes transparency, financial control, and transaction efficiency while remaining free from elements of riba and gharar. The novelty of this study lies in its comprehensive fiqh muamalah analysis of a pesantren-based digital payment ecosystem through a multi-contract approach. Academically, this study contributes to the development of Sharia fintech discourse, particularly regarding the adaptation of Islamic commercial law within contemporary digital payment systems in Islamic educational institutions.
Copyright (c) 2026 Hurriyatus Sa’idah, Nurul Huda https://creativecommons.org/licenses/by-nc-sa/4.0
An Analysis of the Role of Fiscal Policy in Controlling CO2 Emissions in the Industrial Sector in Indonesia
Climate change and the growing dependence on fossil fuels have intensified the challenge of aligning Indonesia’s industrial development with its emission reduction commitments. This study analyzes the role of fiscal policy in controlling CO₂ emissions in Indonesia’s industrial sector during the period 2010–2023, with a particular focus on three fiscal instruments: carbon taxation, fossil fuel subsidies, and government expenditure on the energy and environmental sectors. Using a descriptive-analytical approach based on secondary time-series data from national greenhouse gas inventories, state budget documents, government reports, and international energy publications, this study compares the dynamics of industrial CO₂ emissions with the development of fiscal policy instruments. The findings show that industrial CO₂ emissions generally increased throughout the observation period, with a temporary decline during the COVID-19 pandemic and a sharp rebound in 2022–2023. This increase was closely associated with the expansion of energy-intensive industries and the continued reliance on coal-based energy, particularly in manufacturing and mineral processing activities. Fiscal policy has not yet provided a coherent emission-control signal. Carbon tax implementation remained limited and has not directly affected the manufacturing sector, while fossil fuel subsidies continued to create price distortions that weakened incentives for energy efficiency and renewable energy adoption. At the same time, government spending on environmental and renewable energy programs remained relatively small compared with the scale of fossil fuel subsidies. This study concludes that Indonesia’s fiscal policy still operates in two opposing directions: supporting emission reduction through carbon pricing and green expenditure, while simultaneously sustaining carbon-intensive industrial activity through energy subsidies. Strengthening fiscal coherence is therefore essential to align industrial growth with Indonesia’s low-carbon transition agenda.
Copyright (c) 2026 Viola Novaryca, Nayla Desviona, Lizabeth Sari Dewi, Asramid Yasin https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Audit Tenure, Auditor Switching on Audit Quality in Non-Financial Companies
This study aims to examine the effect of auditor tenure and auditor turnover on audit quality in non-financial companies listed on the Indonesia Stock Exchange. Audit quality has become a critical issue in maintaining the credibility of financial reports, particularly in the context of an increasingly complex business environment and the rapid development of digital audit technology. Auditor tenure and auditor turnover are structural factors that can influence auditor independence and competence, while digital audit tools represent technological adaptations in audit practice. This study adopted a quantitative approach using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS software. The sample consisted of 100 non-financial companies listed on the Indonesia Stock Exchange, selected through purposive sampling. Data were obtained from annual reports and financial statements. The analysis included evaluation of the outer model (convergent validity, discriminant validity, and reliability) and the inner model (path coefficients, R-square, and bootstrapping significance tests). The findings show that auditor tenure significantly influences audit quality in non-financial companies listed on the Indonesia Stock Exchange, indicating that a longer auditor-client relationship improves the auditor's understanding of company characteristics. Auditor turnover also significantly impacts audit quality in non-financial companies listed on the Indonesia Stock Exchange, highlighting the importance of maintaining independence through auditor rotation. This study contributes to the auditing literature by integrating technology variables into audit quality analysis and provides practical implications for auditors and regulators.
Copyright (c) 2026 Erlangga Setyawan, Rita Nurnaningsih, Tri Widyastuti Ningsih, Suryaningrum, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
Assessing the Impact of Job Promotion on Employee Performance: Evidence from Deposit Banks in Indonesia
This study examines the effect of job promotion on employee performance in the Indonesian banking sector. A quantitative approach was applied through questionnaires distributed to 100 employees who had received promotions within the last one to three years. Respondents were drawn from Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Mandiri, and Bank Central Asia (BCA). Employee performance was evaluated through three indicators: work productivity, job satisfaction, and organizational commitment. The findings indicate that job promotion has a positive effect on employee productivity, job satisfaction, and organizational loyalty. Employees who received promotions tended to demonstrate stronger work motivation and greater organizational attachment after occupying higher positions. The study also found that employee readiness and managerial support influenced the effectiveness of promotion policies in improving work performance. Fair and transparent promotion practices were associated with higher employee morale and stronger relationships between employees and the organization. These findings may assist banking management in developing promotion systems that are more objective, measurable, and aligned with employee performance improvement.
Copyright (c) 2026 Bagus Dirgantoro, Ari Widi Prakasa, Gusti Kade Birawan https://creativecommons.org/licenses/by-nc-sa/4.0
This study examines the effect of leverage and profitability on sustainable tax, using the effective tax rate (ETR) as a proxy for manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2021 and 2025. This study employs a quantitative research approach using secondary data obtained from manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2021 and 2025. The sample consists of 310 observations of publicly listed manufacturing companies on the IDX, selected through purposive sampling. Data analysis was performed using SPSS®26. Analytical techniques included descriptive statistics, classical assumption tests, multiple linear regression analysis, t-tests, F-tests, and hypothesis testing. Partial results indicate that leverage and profitability influence sustainable tax, using the effective tax rate (ETR) as a proxy, in manufacturing companies listed on the Indonesia Stock Exchange in 2021-2025. Simultaneously, leverage and profitability influence sustainable tax, using the effective tax rate (ETR) as a proxy, in manufacturing companies listed on the Indonesia Stock Exchange in 2021-2025. This study contributes to the accounting literature and provides practical implications for regulators, managers, and investors.
Copyright (c) 2026 Lailatun Nafisa, Ida Harahap, Muhammad Rispan Affandi, Erawati Kartika, Yulistina https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Solvency and Profitability on Firm Value with Dividend Policy as a Moderating Variable in the Infrastructure Sector for the Period 2020–2024
This study aims to analyze the impact of solvency and profitability on firm value, with dividend policy as a moderating variable, among infrastructure sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Solvency is measured using the Debt to Equity Ratio (DER), profitability using Return on Equity (ROE), firm value using Price to Book Value (PBV), and dividend policy using the Dividend Payout Ratio (DPR). This study employs a quantitative approach using the Moderated Regression Analysis (MRA) method. The research data was sourced from the companies’ annual financial reports, and 18 companies were selected through purposive sampling, resulting in 90 observations. The results indicate that, partially, the DER does not have a significant effect on PBV with a coefficient of -0.002 and a significance level of 0.550 > 0.05. ROE also does not have a significant effect on PBV with a coefficient of 0.254 and a significance level of 0.548 > 0.05. Meanwhile, DPR has a negative and significant effect on PBV with a coefficient of -0.676 and a significance level of 0.008 < 0.05. The interaction results indicate that DER×DPR has a significant positive effect on PBV with a significance level of 0.002 < 0.05, and ROE×DPR also has a significant positive effect on PBV with a significance level of 0.000 < 0.05. These findings suggest that dividend policy moderates the effects of solvency and profitability on firm value in the infrastructure sector.
Copyright (c) 2026 Ismi Indrian, Krisdiana https://creativecommons.org/licenses/by-nc-sa/4.0
Adoption of Certified Seeds by Farmers: A Perspective from the Theory of Trying
This study aims to analyze the adoption of certified seeds by farmers using the perspective of the Theory of Trying. The study is motivated by the importance of using certified seeds to improve productivity and sustainability in the agricultural sector; however, adoption rates vary among farmers. The research involves 473 farmers who are members of farmer groups and are located in the provinces of Banten, West Java, Central Java, and East Java. A purposive sampling technique was used to select participants. Data were collected through structured questionnaires and analyzed using Structural Equation Modeling (SEM) to test the relationships between variables in the research model. The results show that all hypotheses were significantly supported, indicating that constructs in the Theory of Trying, such as attitude toward the process of trying, subjective norms, attitude toward the success of trying, attitude toward the failure of trying, and attitude toward trying behavior, play an important role in encouraging the intention and behavior of farmers to adopt certified seeds. These findings provide theoretical implications for the development of adoption behavior models for agricultural technology and practical implications for governments and stakeholders in designing more effective policies and programs to increase the use of certified seeds among farmers.
Copyright (c) 2026 Shine Pintor Siolemba Patiro, Prisila Damayanti, Endi Rekarti https://creativecommons.org/licenses/by-nc-sa/4.0
Readiness of Prospective Teachers in Facing the Society 5.0 Era: A Study of Primary School Teacher Education Students at Universitas Muhammadiyah Prof. Dr. Hamka
The rapid advancement of digital technology in the Society 5.0 era necessitates the preparation of prospective teachers who are capable of integrating technological innovation with human-centered educational values. This study aims to analyze the readiness of prospective teachers in facing the challenges of Society 5.0, focusing on students of the Primary School Teacher Education Program (PGSD) at the Faculty of Teacher Training and Education, Universitas Muhammadiyah Prof. Dr. Hamka. Employing a quantitative approach with a descriptive survey design, data were collected through structured questionnaires distributed to undergraduate students. The instrument measured dimensions of readiness, including technological competence, pedagogical competence, professional competence, digital literacy, 21st-century skills, and humanistic values. The collected data were analyzed using descriptive statistics and inferential analysis with the assistance of Statistical Package for the Social Sciences (SPSS). The findings reveal that prospective teachers demonstrate a very high level of readiness to face the Society 5.0 era. Technological competence and digital literacy were identified as significant contributors to teacher preparedness. These results indicate that teacher education programs play a crucial role in equipping future educators with the competencies required to adapt to digital transformation while maintaining ethical and professional standards. The study contributes to the theoretical development of teacher readiness and provides practical implications for curriculum innovation and policy formulation in higher education.
Copyright (c) 2026 Desak Made Darmawati, Nur Busyra, Muhamad Alimudin https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Service and Product Quality on Customer Satisfaction (A Case Study at Geprek Mas Boy Pagar Alam, Rajabasa District, Bandar Lampung City)
In fulfilling human needs and responding to the competitive challenges of business activities, a well-directed and targeted market segmentation innovation is required. This can be achieved by implementing a carefully planned marketing mix strategy covering aspects of product, service, distribution, and promotion. Business potential in product marketing is always influenced by surrounding external factors and conditions. In this case, the phenomenon occurring at Geprek Mas Boy is the inadequate service provided to consumers, while the quality of the products served has still received negative evaluations from several customers. This is reflected in the Google ratings received by Geprek Mas Boy, which scored 3.8 out of 5.0. This study involved 63 respondents who completed the questionnaire. The results of this research are: 1) SPSS testing showed that the t-count value for service quality was 0.745 with a significance probability of 0.459. 2) SPSS testing showed that the t-count value for product quality was 4.598 with a significance probability of 0.001. This means that both variables have a positive and significant effect on customer satisfaction.
Copyright (c) 2026 Rico Ricardo, Iskandar Ali Alam https://creativecommons.org/licenses/by-nc-sa/4.0
Analyzing the Liquidity and Solvency of the Cement Industry in the Indonesian Market: Financial Challenges and Prospects
This study analyzes the liquidity and solvency of cement companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2025 period. The primary focus of the research is to identify the influence of financial ratios on the performance of cement companies, with particular attention to how liquidity and solvency ratios affect corporate stability and competitiveness in a highly competitive market. The study employs a descriptive quantitative approach, using secondary data collected from annual financial reports. The variables analyzed include liquidity ratios (Current Ratio and Quick Ratio), solvency ratios (Debt to Equity Ratio and Interest Coverage Ratio), and profitability ratios (Return on Assets and Return on Equity) as indicators of financial performance. The findings indicate that companies with strong liquidity and solvency ratios tend to maintain stable performance despite facing economic uncertainty. This study provides recommendations for cement companies to improve the management of financial ratios in order to strengthen their market position and ensure long-term operational sustainability.
Copyright (c) 2026 Susilowati Susilowati, Erni Yulianti, Robby Rahadi Putra https://creativecommons.org/licenses/by-nc-sa/4.0
Infrastructure Development Planning Based on Local Potential to Increase Farmers Income: (Case Study Porang of Kindang Village, Kindang District, Bulukumba Regency)
This study aims to examine the infrastructure planning process based on local conditions and potential, the role of the village government in supporting the development of local porang potential, and the efforts of porang farmers to develop a value chain to increase their income in Kindang Village, Kindang Subdistrict, Bulukumba Regency. This study employs a descriptive qualitative method using a case study approach. Data were collected through interviews, observations, and documentation from 20 informants (village government officials, porang farmers, porang traders, and community leaders), as well as through document analysis of the village medium-term development plan (RPJMDes), the village development work plan (RKPDes), and the village fund budget (DDS). Thematic data analysis was conducted through data reduction, data presentation, and drawing conclusions. The results show that although planning has been carried out in a participatory manner through village meetings, its effectiveness remains limited. The main finding highlights that road quality, especially farm roads, is a key factor in optimizing the value chain and selling price of porang. Limited access increases distribution costs and weakens farmers’ bargaining position, so the economic potential has not been fully utilized. Therefore, strong synergy between participatory planning, strengthening the role of the village government, and infrastructure development oriented toward agricultural production needs is essential to sustainably improve farmers’ income.
Copyright (c) 2026 Andi Asrul, Basri Bado, Muhammad Syafri, Muhammad Imam Ma'ruf, Diah Retno Dwi Hastuti https://creativecommons.org/licenses/by-nc-sa/4.0
Evaluating the Management Effectiveness of Free Nutritious Meal Program Funding: Program Managers' Perspectives at SPPG Muko Dayah
This study explores program managers' perceptions of fund management effectiveness for the Free Nutritious Meal Program (MBG) in Pidie Jaya. The findings reveal that fund management is perceived as effective, driven by a clear understanding of objectives, regulatory compliance, and functional internal oversight. Despite administrative challenges such as disbursement delays, program stability is maintained through adaptive internal coordination and field-level discretion. Theoretically, this research reinforces the Street-Level Bureaucracy framework, demonstrating that the adaptive capacity of implementers is crucial for localizing national policies. Practically, it suggests that central authorities must synchronize budget schedules with regional operational cycles to prevent liquidity constraints. These insights provide a foundation for future longitudinal studies on the maturation of new public service administrative systems.
Copyright (c) 2026 sifa Nuzula, Zahriatul Aini https://creativecommons.org/licenses/by-nc-sa/4.0
The Impact of Inflation and Government Expenditure on Economic Growth Moderated by Gross Domestic Product
This study examines the effect of inflation and government expenditure on economic growth, with gross domestic product (GDP) as a moderating variable. Economic growth reflects the overall performance of a country’s economy and is influenced by macroeconomic conditions and fiscal policy. Inflation represents price stability, while government expenditure reflects policy efforts to stimulate economic activity and support development. A quantitative approach is applied using correlation and regression techniques through path analysis, supported by EViews 12 software. Secondary data in the form of annual observations were obtained from the Central Statistics Agency (BPS) for the period 2018–2025. The analysis focuses on identifying both direct effects and the moderating role of GDP in the relationship between variables. The results show that government expenditure has a positive and significant effect on economic growth, indicating its important role in encouraging economic performance. Inflation does not show a significant effect, suggesting relatively stable price conditions during the observed period. GDP strengthens the relationship between government expenditure and economic growth, while no moderating effect is found in the relationship between inflation and economic growth.
Copyright (c) 2026 Ramadhani Kirana Putra, Afni Yeni, Rifqah Harahap, Ramadhani Hamzah, Musran Munizu https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Job Satisfaction and Transformational Leadership on Organizational Culture
This study explores the relationships between Job Satisfaction, Transformational Leadership, and Organizational Culture in private companies. By employing a quantitative research methodology, data was gathered from a sample of 105 employees through a purposive sampling technique to ensure a representative cross-section of the target population. The collected data were then analyzed using Partial Least Squares (PLS) regression, facilitated by SmartPLS version 3.29. The study's findings reveal that both Job Satisfaction and Transformational Leadership have a significant positive influence on the development of Organizational Culture within private sector organizations. Specifically, the results suggest that the role of leadership in shaping organizational values and fostering employee satisfaction plays a crucial part in strengthening the cultural foundation of a company. These insights emphasize that private companies should not solely focus on individual performance or leadership traits but also devote efforts to cultivating a robust organizational culture that aligns with the overall strategic objectives. The research provides valuable implications for companies seeking to enhance organizational performance by focusing on a more holistic approach to management and leadership development.
Copyright (c) 2026 Sri Hartati, Herni Utami Rahmawati, Amin Budiastuti, Rosalina Anindia Sari Kartika, Nurul Hasanah https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Product Quality and Customer Satisfaction on Customer Loyalty
This research aims to examine and test the effect of product quality and customer satisfaction on customer loyalty at the Binama Tlogosari Semarang Sharia Cooperative. A quantitative approach was applied using multiple regression analysis to measure the relationship between variables. The sampling technique used accidental sampling, involving 73 respondents selected from cooperative customers. Data were collected through structured questionnaires and processed using IBM SPSS version 26 to ensure accurate and reliable results. The findings show that product quality has a positive and significant effect on customer loyalty. Customer satisfaction also demonstrates a positive and significant influence on loyalty. High product quality tends to build customer trust, while satisfaction encourages repeat transactions and long-term commitment. Both factors play an important role in maintaining stable relationships between customers and the cooperative. From a managerial perspective, maintaining consistent product standards and improving service quality are essential steps to sustain customer loyalty. Regular evaluation of customer perceptions and expectations is also necessary to support continuous improvement. Strong performance in these areas is expected to strengthen competitiveness and support the sustainability of the cooperative.
Copyright (c) 2026 Sarwo Eddy Wibowo, Femmy Effendy, Sattar, Arni Kurniati, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0