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)
A Review of Employee Retention Strategies in Travel Companies
Employee retention presents a significant challenge within human resource management, particularly in the travel industry, characterized by intense competition in the labor market, ongoing digital transformation, and shifting employee expectations. This study aims to analyze and synthesize the existing literature on strategies for employee retention by evaluating the roles of training, reward systems, and work-life balance, as well as their interrelations with work motivation and organizational commitment. A qualitative approach was adopted utilizing a Systematic Literature Review (SLR) methodology. Relevant articles published between 2019 and 2025 were identified, screened, evaluated, and synthesized in accordance with PRISMA guidelines. The findings reveal that competency-based training, equitable reward systems, and effective work-life balance policies are essential strategic practices that enhance employee motivation, bolster organizational commitment, and improve retention rates. Moreover, work motivation and organizational commitment act as critical psychological mechanisms elucidating how strategic human resource management practices influence employees' decisions to remain with an organization. This study proposes a conceptual model that integrates the Resource-Based View (RBV), Strategic Human Resource Management (SHRM), and Social Exchange Theory (SET) to offer a more comprehensive understanding of employee retention within the travel industry. The findings contribute to the advancement of human resource management literature and provide practical insights for organizations aiming to design sustainable employee retention strategies that enhance competitiveness and long-term performance.
Copyright (c) 2026 Bambang Gunarto, Alfath Sandjaya, Willy Arafah, Wahyuningsih Santosa, Agustinus Sri Wahyudi https://creativecommons.org/licenses/by-nc-sa/4.0
AI-Driven Personalization and Purchase Intention: The Mediating Role of Algorithmic Fairness Perception
Artificial intelligence (AI)-driven personalization has revolutionized digital commerce by enabling platforms to provide highly tailored recommendations, customized content, and adaptive shopping experiences. Although prior research has established that AI personalization positively influences consumer responses through dimensions such as trust, usefulness, and satisfaction, there has been limited exploration of how consumers assess the fairness of algorithmic decision-making prior to forming purchase intentions. Furthermore, few studies have integrated AI-driven personalization, brand experience, perceived value, and social proof into a cohesive framework that elucidates consumer behavior through the lens of algorithmic fairness perception. To address this gap, the present study examines the mediating role of algorithmic fairness perception in elucidating how AI-enabled marketing stimuli affect purchase intention. A quantitative cross-sectional survey was conducted involving 400 consumers with experience using AI-enabled e-commerce platforms, and the proposed model was analyzed utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that AI-driven personalization, brand experience, perceived value, and social proof significantly enhance algorithmic fairness perception. Additionally, AI-driven personalization, brand experience, perceived value, and algorithmic fairness perception substantially increase purchase intention, while social proof does not exhibit a significant direct effect. Nevertheless, algorithmic fairness perception serves as a significant mediator in the relationships between all antecedent variables and purchase intention. The originality of this study lies in positioning algorithmic fairness perception as the central psychological mechanism that translates AI-enabled marketing strategies into consumer purchase intention within a Stimulus–Organism–Response (SOR) framework. These findings contribute to the growing body of literature on AI marketing by shifting the analytical focus from technological effectiveness to ethical algorithmic evaluation, offering practical guidance for the development of transparent, responsible, and consumer-oriented AI systems that promote sustainable customer relationships.
Copyright (c) 2026 Roby Nur Akbar, Kamaluddin, Nirwana, Adi Suprayitno https://creativecommons.org/licenses/by-nc-sa/4.0
Job Satisfaction as a Mediating of ShopeeFood Driver Performance in Semarang
In 2024, ShopeeFood recorded a transaction value of IDR 16 trillion in Indonesia, compared to IDR 31.1 trillion for GoFood and IDR 41.8 trillion for GrabFood, indicating the necessity for enhancing driver performance to strengthen service competitiveness. This study aims to analyze the impact of work flexibility, work-life balance, and compensation on the performance of ShopeeFood drivers in Semarang City, with job satisfaction serving as a mediating variable. A quantitative approach was employed, utilizing a sample of 105 drivers selected through purposive sampling, and analyzed using SmartPLS 4. The findings reveal that work flexibility does not have a direct effect on performance; however, it positively influences job satisfaction and mediates performance improvement. Work-life balance exerts a direct positive effect on performance but does not significantly affect job satisfaction. Compensation shows a significant positive impact on both job satisfaction and performance. Furthermore, job satisfaction significantly enhances performance, thereby acting as a mediator in the relationship between work flexibility and compensation with performance. These findings offer practical implications for ShopeeFood management in designing more effective work flexibility and compensation policies to improve drivers' job satisfaction and performance. Academically, this study contributes to the literature on the role of job satisfaction as a mediating variable in enhancing driver performance within the platform-based economy.
Copyright (c) 2026 Noor Abthal Muqaffi, Tito Aditya Perdana, Artha Febriana, Masitha Fahmi Wardhani https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Corporate Governance on The Quality of Financial Reports In Banking Companies Listed on The Indonesia Stock Exchange (IDX) For The Period 2021-2024
This study aims to analyze the effect of Corporate Governance proxied by Transparency, Accountability, and Independence-on Financial Statement Quality. In this study, financial statement quality is measured using timeliness. Meanwhile, the proxies for the independent variables include Transparency, measured by the disclosure index; Accountability, measured by the frequency of audit committee meetings; and Independence, measured by the proportion of inindependent commissioners. The population for this study consists of alla banking companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period. Sampling was conducted using purposive sampling, resulting in 22 banking companies that met the study criteria. The data analysis technique used was panel data regression analysis with the assistance of EViews software. The results show that Accountability has a positive and significant effect on Financial Statement Quality, while Transparency and Independence do not have a significant effect on Financial Statement Quality.
Copyright (c) 2026 Imelda Fisianca Lubis, Halomoan S. Sihombing, Mei Hotma Mariati Munte https://creativecommons.org/licenses/by-nc-sa/4.0
Accrual-Based Earnings Management under External Pressure: Evidence from FAST and PZZA Using the Modified Jones Model
This observe objectives to research warning signs of accrual-primarily based profits management at PT fast meals Indonesia Tbk (rapid) and PT Sarimelati Kencana Tbk (PZZA) all through the 2020–2024 length, while both businesses confronted outside pressures within the shape of the COVID-19 pandemic and consumer boycott sentiment. This examine employs a quantitative method the usage of secondary facts inside the form of the organizations’ annual monetary statements for the 2020–2024 duration. profits control turned into measured using the changed Jones model by way of calculating general accruals, non-discretionary accruals, and discretionary accruals. The consequences suggest that each groups skilled a discrepancy among internet earnings and running cash go with the flow, as meditated in terrible general accruals throughout the observation period. notwithstanding facing exceedingly similar outside pressures, fast constantly exhibited high quality discretionary accruals starting from 0.3296 to 0.3416 (suggest ±0.338), while PZZA constantly exhibited bad discretionary accruals starting from -0.3742 to -0.3209 (mean ±-0.343). these findings indicate that speedy tended to interact in income-growing accruals, even as PZZA tended to have interaction in profits-decreasing accruals all through the remark period. moreover, the results display that even though both groups faced tremendously comparable outside pressures, their responses in terms of discretionary accruals did not comply with a uniform sample. The response to outside pressures thru discretionary accruals became extra stimulated by using business enterprise characteristics and the particular situations faced by way of each enterprise. additionally, the modified Jones model used on this take a look at served as an indicative device for figuring out discretionary accruals.
Accrual-Primarily Based Earnings Control
Copyright (c) 2026 Maya Ismayanti, Ali Jufri, Ernanto Ernanto https://creativecommons.org/licenses/by-nc-sa/4.0
False Recovery in Financial Distress Prediction: Evidence from Altman Z″-Score EMS at PT Supra Boga Lestari Tbk 2022-2025
Financial distress prediction models remain vulnerable to misclassification when firms report significant non-recurring income that obscures deteriorating operational fundamentals. In order to determine whether a 2024 improvement in the Altman Z-Score Emerging Market Scoring (EMS) signal truly reflects operational recovery or is distorted by transitory income, this study examines a false recovery phenomenon in PT Supra Boga Lestari Tbk (RANC), an Indonesian premium retailer undergoing digital transformation. The study calculates annual Z-Score values and does a what-if restatement analysis using audited financial data from the Indonesia Stock Exchange covering 2022–2025 using a quantitative descriptive single-case design. The findings verify that RANC spent the entire time in the financial difficulty zone. Crucially, the apparent improvement in 2024 was accompanied by a 42.7 percent drop in operating cash flow, which was caused by a non-recurring disposal gain of Rp110.7 billion that concurrently inflated total assets and earnings. A paradoxical Z-Score of 2.1546 (grey zone) was obtained from a what-if restatement that excluded this gain. This revealed a structural conundrum in which, when transient revenue is present, the model's component interactions generate noise rather than trustworthy diagnostic signals. These results show that gains in Z-Score may be a deceptive recovery signal that is unrelated to actual operational health. It is recommended that investors and analysts add operating cash flow analysis and earnings quality screening to distress model results, especially for companies going through post-acquisition digital transformation.
Copyright (c) 2026 Siti Sumayyah, Ali Jufri, Ernanto Ernanto https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect Of SPIP Maturity, APIP Capability, and Risk Management On Corruption Prevention In Local Governments Of Bengkulu Province During 2021–2024
Corruption remains a major challenge in local government administration because it can reduce the quality of governance, public trust, and regional development. Therefore, corruption prevention efforts are essential to support good governance. This study aims to examine the effect of Government Internal Control System (SPIP) maturity, Government Internal Supervisory Apparatus (APIP) capability, and risk management implementation on corruption prevention in district and city governments in Bengkulu Province. This research uses a quantitative approach with secondary data obtained from the Performance Reports of the Financial and Development Supervisory Agency (BPKP) for the period 2021–2024. The sample consists of 10 district/city governments, resulting in 40 observations. Data were analyzed using multiple linear regression. The results show that SPIP maturity has a positive and significant effect on corruption prevention. Meanwhile, APIP capability and risk management do not have a significant effect on corruption prevention. These findings indicate that strengthening internal control systems plays a more important role in supporting corruption prevention efforts than improving supervisory capability and implementing risk management that is still focused on administrative compliance. The results support the Fraud Triangle Theory, particularly in explaining the importance of reducing opportunities for corruption through effective internal control systems.
Copyright (c) 2026 Putri Deviana Naibaho, Robinson Robinson, E. Novita Sari https://creativecommons.org/licenses/by-nc-sa/4.0
Financial Performance Analysis of Local Government Financial Management in Jambi City During 2011–2024
This study aims to analyze the development of regional financial performance and evaluate the financial performance of the Jambi City Government based on four key ratios: the regional financial independence ratio, the degree of fiscal decentralization ratio, the effectiveness ratio of locally generated revenue (PAD), and the regional financial efficiency ratio during the 2011–2024 period. The research employs a descriptive quantitative approach using secondary data sourced from BPKAD the Jambi City Regional Budget (APBD) realization reports. The results show that the development of Jambi City’s regional finances experienced nominal growth, with PAD increasing by 6.23 percent and regional expenditures by 6.24 percent. However, in terms of quality, the region’s financial capacity remains in the low category due to its high dependence on central government transfer funds. In terms of financial performance, the effectiveness ratio of PAD is categorized as very effective in most years. However, the financial efficiency ratio remains in the less efficient category. Meanwhile, the financial independence ratio and the fiscal decentralization ratio indicate that PAD’s contribution to total revenue is still limited, reflecting the low level of fiscal independence in Jambi City. This research suggests the need for policies aimed at strengthening regional fiscal capacity, optimizing PAD collection, and improving the efficiency of regional spending.
Copyright (c) 2026 Semintariah Ginting, Zulgani Zulgani, Rahma Nurjanah https://creativecommons.org/licenses/by-nc-sa/4.0
Macroeconomic and Political Determinants of Foreign Direct Investment in Indonesia: An Error Correction Model Aproach
This study examines the effects of Gross Domestic Product (GDP), inflation, interest rates, and political stability on Foreign Direct Investment (FDI) in Indonesia over the period 2003 to 2024. The study employs the Error Correction Model (ECM) to distinguish between short-run and long-run relationships. The results indicate that inflation has a positive and significant effect on FDI in the short run, while political stability has a positive and significant effect on FDI in the long run. Meanwhile, GDP and interest rates do not show a statistically significant effect. These findings suggest that political stability and inflation control should be key priorities in efforts to attract foreign investment.
Copyright (c) 2026 Dirham Syafitra, Abd. Rahim, Sri Astuty, Irwandi Irwandi https://creativecommons.org/licenses/by-nc-sa/4.0
Perceived Organizational Support and Work Spirit as Predictors of Workplace Happiness: The Mediating Role of Employee Engagement Among Public Hospital Nurses
This study examines the effect of perceived organizational support and work spirit on workplace happiness, with employee engagement serving as a mediating variable among nurses at a regional public hospital in Cirebon. A quantitative research design was employed, and data were collected from 166 nurses using structured questionnaires. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate both direct and indirect relationships among the variables. The findings indicate that perceived organizational support and work spirit have positive and significant effects on workplace happiness. Furthermore, employee engagement partially mediates these relationships, suggesting that stronger organizational support and higher morale enhance nurses’ engagement, which in turn promotes greater workplace happiness. These results underscore the critical role of supportive organizational practices and morale-enhancing initiatives in fostering engagement and improving nurses’ well-being. This study provides practical implications for hospital management to strengthen perceived organizational support and implement programs that enhance work spirit in order to increase employee engagement and ultimately create a happier and more productive work environment.
Copyright (c) 2026 Ira Widya Sari, Dedi Muhammad Siddiq, Catur Setiya Sulistiyana, Nur Haslina Ramli, Nhan Cam Tri https://creativecommons.org/licenses/by-nc-sa/4.0
Burnout, Job Demands, and Work Stress Among Nurses: The Moderating Role of Workplace Compassion
This study aims to examine the effects of burnout and job demands on work stress, with workplace compassion as a moderating variable among nurses at a Regional General Hospital in Indonesia. Using a quantitative approach and Partial Least Squares Structural Equation Modeling (PLS-SEM), data were collected from 153 nurses through a structured questionnaire employing a Likert Scale. The findings indicate that both burnout and job demands have a positive and significant effect on work stress. Furthermore, workplace compassion functions as a significant moderating variable with nuanced effects. Specifically, workplace compassion acts as a buffering mechanism in the relationship between job demands and work stress, reducing the negative impact of high job demands. However, it simultaneously strengthens the relationship between burnout and work stress, suggesting a complex interaction between emotional exhaustion and compassionate workplace dynamics. These findings support the job demands – resources (JD-R) theory and highlight the importance of hospital management to foster a compassionate organizational culture to mitigate work stress and enhance nurses’ well-being.
Copyright (c) 2026 Rindy Pransiska, Dedi Muhammad Siddiq, Catur Setiya Sulistiyana , Nhan Cam Tri, Prattana Srisuk https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Capital Expenditure, Personnel Expenditure, and General Allocation Fund on Regional Financial Independence In Jambi Province
This study aims to analyze the effect of Capital Expenditure, Personnel Expenditure, and the General Allocation Fund (DAU) on Regional Financial Independence in Jambi Province during the period 2007–2025. The study employed secondary data obtained from the Central Bureau of Statistics (BPS) of Jambi Province and the Directorate General of Fiscal Balance (DJPK). Using 19 annual observations, the data were analyzed through multiple linear regression with SPSS version 25. The results show that Capital Expenditure and Personnel Expenditure have a positive and significant effect on Regional Financial Independence, whereas the General Allocation Fund has a negative and significant effect. Simultaneously, the three independent variables significantly affect Regional Financial Independence. The coefficient of determination (R²) was 0.471, indicating that 47.1% of the variation in Regional Financial Independence can be explained by the independent variables. These findings imply that productive expenditure management can strengthen regional financial independence, while excessive dependence on transfer funds tends to weaken fiscal independence.
Copyright (c) 2026 Rian Anggara Putra, Haryadi Haryadi, Putri Intan Suri https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Digital Promotion and Perceived Ease of Use on Generation Z Consumptive Behavior in Cirebon, Indonesia
The proliferation of digital wallets among Generation Z has intensified scholarly concerns about how promotional exposure and transactional ease shape consumptive spending. This study investigates the effect of digital promotion and perceived ease of use on the consumptive behavior of Generation Z digital wallet users in Cirebon, Indonesia. A quantitative associative design with a cross-sectional survey approach was employed, with data collected from 150 respondents selected through purposive sampling. Eligible participants were Generation Z individuals aged 18–28 years who actively used digital wallet applications in Cirebon. A structured five-point Likert-scale questionnaire was used for data collection, and multiple linear regression was applied for analysis. The results show that digital promotion has a positive and significant partial effect on consumptive behavior (B = 0.664, p < .001), as does perceived ease of use (B = 0.312, p < .001). Both variables simultaneously predict consumptive behavior significantly (F = 319.009, p < .001), jointly explaining 81.3% of its variance (R² = 0.813). Digital promotion emerged as the stronger predictor (β = 0.608), reflecting the behavioral impact of cashback offers, flash sales, and voucher incentives on unplanned and impulsive spending. Perceived ease of use (β = 0.325) further reinforces consumptive tendencies by lowering transactional barriers. Drawing on the Technology Acceptance Model and promotion mix theory, these findings highlight the need for digital financial literacy programs, responsible promotional governance by e-wallet providers, and regulatory attention to the behavioral consequences of digital payment ecosystems. Findings are specific to Generation Z digital wallet users in Cirebon and should not be generalized beyond this context.
Copyright (c) 2026 Muhammad Yasser, May Dedu https://creativecommons.org/licenses/by-nc-sa/4.0
The Paradox of Digital Transformation: Human Resource Readiness in Artificial Intelligence-Based Human Resource Management
The impact of digitalization has brought significant changes to human resource management and human resources management (HRM). This study focuses on the paradox of digital transformation, a situation where technological advances and Artificial Intelligence offer high efficiency, but success remains highly dependent on human resource readiness. This study uses a qualitative approach with a literature review method. The results of the study indicate that the failure of digital transformation is not solely caused by technological limitations, but rather by the low cognitive, psychological, and work culture readiness of human resources. The rapid management of the latest technology in the form of AI and digitalization will offer significant efficiency and convenience. However, successful implementation is highly dependent on human resource readiness. This phenomenon shows that failure in the digital era is not only caused by technological limitations, but also by the unpreparedness of human resources to adapt (Davenport & Westerman, 2018). This study contributes by identifying the paradox between technological advances and human resource readiness in digital transformation.
Copyright (c) 2026 Achmad Singgih Laksono, Hwihanus https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Training and Work Discipline on Employee Performance in Manufacturing Companies
The study aims to examine and analyze the effect of training and work discipline on employee performance in a manufacturing company. A quantitative descriptive approach was applied, with a saturated sampling technique involving all 43 employees as respondents. Data were collected through questionnaires, observation, and documentation. The collected data were processed using SPSS and analyzed with multiple linear regression. The findings show that training has a significant positive effect on employee performance, as indicated by the t-count value, which is higher than the t-table value (2.085 > 2.021). Work discipline also has a significant positive effect on employee performance, with a t-count value greater than the t-table value (4.001 > 2.021). In addition, training and work discipline simultaneously affect employee performance, as shown by the F-count value, which exceeds the F-table value (34.428 > 3.23). These findings suggest that improving employee performance requires consistent implementation of relevant training programs and disciplined work practices within the manufacturing company. The results also indicate that both variables should be managed as strategic factors in supporting higher productivity and organizational effectiveness.
Copyright (c) 2026 Maulana Arief Rachman Hakim, Yuni Pratikno https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Local Government Financial Performance in Reducing Unemployment Through Economic Growth In Bengkulu Province
This study analyzes the impact of local government financial performance on economic growth and unemployment rates, while also investigating the mediating role of economic growth. A quantitative approach is employed, utilizing panel data from 10 districts/cities in Bengkulu Province over the period of 2020–2024, resulting in a total of 50 observations. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The findings indicate that local government financial performance has a significant negative effect on economic growth and a significant positive effect on the unemployment rate. Furthermore, economic growth does not exert a significant effect on the unemployment rate and does not mediate the relationship between local government financial performance and unemployment. These results suggest that the main hypotheses proposed in this study are not supported by the empirical data. Improvements in regional fiscal performance have not been translated into productive economic activities and job creation. This study provides empirical evidence regarding the limitations of stewardship assumptions in local fiscal management, indicating that enhanced fiscal performance does not automatically lead to inclusive economic growth or a reduction in unemployment. Practically, the findings suggest that local governments should enhance the quality of spending allocation and strengthen productive sectors that support job creation.
Copyright (c) 2026 Witri Ariyanti, Rini Indriani, Saiful https://creativecommons.org/licenses/by-nc-sa/4.0
The Moderating Effect of Inflation on the Relationship Between Return on Assets (ROA) and Stock Prices
This paper aims to examine the influence of Return on Assets on stock prices and furthermore assess the role of inflation as a moderating variable in food and beverage sector companies listed on the Indonesia Stock Exchange from 2022 to 2024. The study applies a quantitative approach using secondary data from yearly corporate financial disclosures, closing stock prices, along with official inflation data from Statistics Indonesia and Bank Indonesia. The research demographic consists of 98 companies. After applying purposive sampling, 42 companies chosen to serve as the research specimen, obtaining 126 data points. The data analysis was conducted using Stata 17 through pooled data analysis and Moderated Regression Analysis. The model selection process involved certain diagnostic tests (the Chow, Hausman, and Lagrange Multiplier tests), while the final model was analyzed using a Random Effects approach. The results show that Return on Assets has a positive and significant effect on stock prices. This finding indicates that asset efficiency remains a financial signal evaluated by investors when assessing a company's prospects. However, inflation does not moderate the relationship between Return on Assets and stock prices at the 5 % significance threshold. This low R-squared value indicates that stock prices are not only influenced by profitability and inflation, but also by other factors such as capital structure, firm size, interest rates, stock liquidity, and market sentiment.
Copyright (c) 2026 Chandra Firmansyah, Acep Komara https://creativecommons.org/licenses/by-nc-sa/4.0
An Islamic Economic Law Analysis of the Mudharabah Muqayyadah Contract at Toko Madura Riska in Jakarta
This study examines the implementation of the mudharabah muqayyadah contract at Toko Madura Riska in Jakarta from the perspective of Islamic Economic Law. The research aims to analyze the practice of the contract and assess its compliance with Sharia principles. This study employed a qualitative method with an empirical juridical approach. Data were collected through interviews, observations, and documentation involving the capital owner and the business manager. The findings show that the partnership is conducted between a capital owner and a business manager with a capital investment of IDR 85,000,000. Profits are shared equally (50:50) and distributed monthly. The practice has fulfilled several essential elements of a mudharabah muqayyadah contract, including the existence of contracting parties, clear capital, and an agreed profit-sharing ratio. However, the contract is conducted orally without written documentation, and business losses are borne by the manager regardless of negligence. These practices are not fully consistent with the principles of Islamic Economic Law. Therefore, the implementation of the mudharabah muqayyadah contract at Toko Madura Riska can be categorized as partially compliant with Sharia principles and requires greater contractual clarity and transparency.
Copyright (c) 2026 Siti Maisun, Mohammad Mahmudi https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Employer Branding and Digital Recruitment on Generation Z’s Job Application Intention: The Mediating Role of Candidate Experience
The rapid development of digital technology has encouraged companies to adopt employer branding and digital recruitment strategies to attract Generation Z job applicants. This study aims to analyze the influence of employer branding and digital recruitment on job application intention through candidate experience as a mediating variable. This research employed a quantitative approach using Structural Equation Modeling-Partial Least Square (SEM-PLS). Data were collected through online questionnaires distributed to 115 Generation Z respondents in East Java and Bali who had experience applying for jobs. The results indicate that employer branding and digital recruitment have a positive and significant effect on candidate experience and job application intention. However, candidate experience does not significantly affect job application intention and is unable to mediate the relationship between employer branding and digital recruitment on job application intention. The findings indicate that employer branding and digital recruitment directly influence Generation Z's job application intention, whereas candidate experience does not function as a significant mediator. Therefore, organizations should prioritize strengthening employer branding and optimizing digital recruitment systems to attract Generation Z applicants.
Copyright (c) 2026 Ainiyah Aprelianingrum, Sagung Ayu Dwianjani Trisna Indraswari, Siti Mujanah, Made Suparta https://creativecommons.org/licenses/by-nc-sa/4.0
Enhancing Local Government Financial Statement Quality: The Role of Apparatus Quality, Technology Utilization, Accounting Policies, and Internal Control
This study aims to examine the influence of the quality of financial management officials and the use of technology on the quality of financial reports, with the application of accounting policies as a mediator and internal control as a moderator. Respondents in this study were financial management officials at 40 Regional Work Units (SKPD) in Central Bengkulu Regency, consisting of 29 Regional Government Organizations and 11 Districts, with a saturated sampling technique. The data analysis tool used in this study was SEM-PLS. The test results show that the quality of financial management officials significantly influences the application of accounting policies, while the use of technology does not. The application of accounting policies significantly influences the quality of financial reports and mediates the effect of the quality of financial management officials on the quality of financial reports, but does not mediate the effect of technology use. Internal control was not proven to moderate the relationship between accounting policies and the quality of financial reports. This study provides one model option for improving the quality of local government financial reports through strengthening the application of accounting policies.
Quality of Financial Management Apparatus
Copyright (c) 2026 Winda Febri Lestari W.R, Robinson Robinson, Rini Indriani https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Profitability, Liquidity, And Solvency on Firm Value With Firm Size As A Moderating Variable
This study aims to analyze the effects of profitability, liquidity, and solvency on firm value and to examine the role of firm size as a moderating variable among energy sector companies listed on the Indonesia Stock Exchange (IDX). The study population consists of 29 energy sector companies with a total of 87 observations over the 2022–2024 observation period. The analytical methods used are panel data regression and Moderated Regression Analysis (MRA) to test the relationships among variables and the moderating effects. The results indicate that profitability (ROE) has a positive and significant effect on firm value (PBV), while liquidity (CR) and solvency (DER) do not have a significant effect. The moderation test proves that firm size is only able to moderate the effect of profitability on firm value, but does not moderate the effects of liquidity or solvency. The conclusion of this study confirms that profitability is the main factor considered by investors in evaluating energy sector firms, while liquidity and solvency are not yet significant considerations without being supported by good profit performance.
Copyright (c) 2026 Salsabilla Azzahra Hanafi, Krisdiana Krisdiana https://creativecommons.org/licenses/by-nc-sa/4.0
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
Financial Literacy and Digital Financial Behavior on Financial Decision Making
The purpose of this study is to understand how financial literacy and digital financial behavior influence financial decision making in the digital economy era. The research approach used in this study is descriptive research based on the analysis of theoretical relationships. To assist this research approach in explaining theoretical relationships, secondary data such as books, journals, and other related sources are needed. The results of this study indicate that the interaction between financial literacy and digital financial behavior is the two main pillars that determine the quality of financial decision making in the digital economy era. The interplay between financial literacy, digital financial behavior, and financial decision making creates a crucial synergy in navigating today's economic complexities. Financial literacy and digital financial behavior serve as cognitive foundations, while financial decision making is the manifestation of actions within the technology ecosystem.
Copyright (c) 2026 Alfiana, Upik Djaniar, Rezario Febrianta Chandra, Musran Munizu, Listiana Sri Mulatsih https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Job Demand and Internal Communication on Employee Performance at PT Lao Chow Indonesia
Employee performance is a critical determinant of organizational success, particularly in the manufacturing sector where workload management and effective communication are key operational challenges. This study aims to examine the effect of job demand and internal communication on employee performance at PT Lao Chow Indonesia. The research employs a quantitative approach using a survey method with a sample of 110 employees selected through a purposive sampling technique. Data were collected using structured questionnaires and analyzed using multiple linear regression analysis. The results indicate that job demand does not have a significant effect on employee performance, while internal communication has a positive and significant effect on employee performance. Simultaneously, job demand and internal communication significantly influence employee performance. The coefficient of determination shows that these variables explain 26.2% of the variance in employee performance, while the remaining 73.8% is influenced by other factors.
Copyright (c) 2026 Rifqy Munif , Sunimah https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Business Sustainability in the Financial Management Governance of Micro, Small, and Medium Enterprises in the Digital Era
The purpose of this study is to explain the role of business sustainability in the financial management governance of micro, small, and medium enterprises in the digital era. This research employed a descriptive qualitative approach, with secondary data such as books and journal articles as references to aid analysis. The research results show that in the digital era, the concept of business sustainability is no longer merely a trend or a moral responsibility, but rather a strategic pillar that determines the life or death of micro, small, and medium enterprises. When integrated into financial management governance, sustainability serves as a navigator, ensuring that the use of digital technology not only pursues short-term profits but also long-term resilience. To survive and compete in the modern market, micro, small, and medium-sized enterprises are advised to immediately transition from manual financial record-keeping to digital-based systems such as smart accounting applications and integrated automated cashier platforms. This digitalization plays a crucial role because it provides full visibility of cash flow in real time, minimizes the risk of human error, and provides accurate data for rapid strategic decision-making.
Copyright (c) 2026 Bryant Ritchie Trisnodjojo, Nirmadarningsih Hiya, Supiati, Renaldi, Nurnaningsih Utiarahman https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Knowledge-Based Human Resources in Developing Personal Creativity and Increasing Productivity
Knowledge-based human resources are the embodiment of intellectual capital, which plays a central role in driving progress in the modern economic era. When individuals place knowledge as the primary foundation of their activities, they no longer rely solely on physical strength or repetitive mechanical skills, but instead optimize their cognitive capacity to digest, analyze, and reconstruct information into new ideas. This in-depth and multidimensional knowledge acts as a powerful fuel for the development of personal creativity. This study aims to explain the role of knowledge-based human resources in developing personal creativity and increasing productivity. This research method is qualitative, using secondary data such as books and journal articles. The research results show that the role of knowledge-based human resources is a crucial asset in the modern economic era. Unlike conventional human resources that rely on physical strength or routine, knowledge-based human resources rely on intellectual wealth, expertise, and analytical skills in developing personal creativity and increasing productivity.
Copyright (c) 2026 Endang Meiliani, Mustika, Wenny Desty Febrian, Indra Sani, Wella Sandria https://creativecommons.org/licenses/by-nc-sa/4.0
Effect of Supportive Leadership Style and Teamwork on Employee Productivity
The purpose of this study is to provide theoretical understanding from experts regarding the effect of supportive leadership style and teamwork on employee productivity. This theoretical understanding from experts is part of qualitative research that uses complementary sources from books and journal articles. The research results show that the effect of supportive leadership style and teamwork on employee productivity is one of the most researched topics in human resource management and organizational behavior. Experts agree that the combination of supportive leadership style and solid teamwork creates a positive work environment that directly boosts employee productivity. The implementation of a supportive leadership style combined with solid teamwork plays a crucial role in boosting employee productivity in the modern workplace. Based on this, the main recommendation that management can implement is to build a culture of inclusive two-way communication and actively provide space for employee development. Leaders should no longer simply act as rigid supervisors, but rather position themselves as mentors who are sensitive to the personal and professional challenges faced by their team members.
Copyright (c) 2026 Muh. Khaddafi, Ilham, Muhammad Irvan, Elisha Sunijati, Martinus Tjendana https://creativecommons.org/licenses/by-nc-sa/4.0
Marketing Strategies to Increase Visits to Natural Tourism and Promote Local Products
Marketing strategies in the tourism business are essentially centered on creating, managing, and communicating a high-value experience, because the product being sold is not a physical object but rather memories and emotional satisfaction. In a highly competitive industry landscape, a tourism business must be able to build a strong and unique brand identity to be instantly recognizable amidst a sea of other destination options. The purpose of this research is to describe marketing strategies to increase visits to natural tourism and promote local products. This presentation is explained using a descriptive approach. This descriptive approach uses secondary data such as books, journals, and related sources. The research results show that developing a marketing strategy to increase visits to natural tourism while promoting local products is a smart move. The two have a symbiotic relationship: natural beauty attracts tourists, while unique local products provide authentic experiences that encourage them to spend more. A comprehensive marketing strategy that combines the promotion of natural tourism destinations and the economic empowerment of local products includes branding and positioning strategies, digital and content marketing, and on-site experiences.
Copyright (c) 2026 Moh. Samsul Arifin, Heny Hidayati, Elizabeth, Faizatul Fajariah, Ita Nurcholifah https://creativecommons.org/licenses/by-nc-sa/4.0
Human Resource Resilience in Developing Creative Capabilities to Optimize Digital Transformation
The purpose of this research is to explain how human resource resilience in developing creative capabilities to optimize digital transformation. The approach taken in this study uses a qualitative approach with the assistance of secondary data as part of the explanatory support within the qualitative approach, which includes relevant books and journal articles. Research results show that human resource resilience is no longer simply the ability to withstand work stress, but rather the primary foundation that drives the ability to optimize digital transformation. In the midst of digital transformation, technology is merely a tool; humans are the driving force behind innovation. To foster this creativity-oriented resilience, management must shift the traditional leadership paradigm toward inclusive and supportive leadership. Leaders need to create a psychologically safe space where every individual feels valued and is not afraid to make mistakes when experimenting with new digital tools. This sense of safety is the primary fuel for the emergence of innovative and out-of-the-box ideas, as true creativity can only thrive in an environment free from the pressure of rigid judgment.
Copyright (c) 2026 Umi Zunaidah, Rianti Setyawasih, Sitti Usmia, Ris Akril Nurimansjah, Hartanto https://creativecommons.org/licenses/by-nc-sa/4.0
Employee Well-Being Dynamics and the Wise Leadership Model in the Digital Industry
The purpose of this study is to analyze employee well-being dynamics and the wise leadership model in the digital industry. This research approach uses a qualitative approach. The data used are secondary data. Data analysis uses causal relationship analysis. The research results show that in the fast-paced digital industry, employee well-being dynamics are no longer a supplementary program to human resources development, but rather a core business strategy. Mentally and physically healthy employees are the driving force of innovation. The wise leadership model is a bridge that connects the demands of the speed of the digital world with the natural human need for security, appreciation, and meaning. When leaders are able to use their wisdom to put humans above algorithms, digital organizations will not only survive but also thrive.
Copyright (c) 2026 Umi Zunaidah, Ferdi Antonio, Rasty Yulia, Akhmad Baidun, Fransiska Husain https://creativecommons.org/licenses/by-nc-sa/4.0