EQUITY: JURNAL EKONOMI p-ISSN 1978-3795, e-ISSN 2721-6721 Equity: Jurnal Ekonomi is a double-blind peer-reviewed, open-access scientific journal dedicated to high-quality research in economics and development. Scope includes (but is not limited to) literature reviews and critical analyses; modeling in economics, finance, and monetary policy; fiscal and regional economics; Islamic economics; human and natural resource economics; and other contemporary economic issues. Managed by the Department of Economics, Faculty of Economics and Business, Universitas Bangka Belitung. Based on the latest re-accreditation, Equity: Jurnal Ekonomi is accredited SINTA 3 (Kemendikbudristek), valid for articles from Vol. 9, No. 2 (2021) to Vol. 14, No. 1 (2026). We appreciate the trust and contributions of our authors, reviewers, and readers. We remain committed to rigorous editorial standards and impactful scholarship. CALL FOR PAPERS & DEADLINES We invite submissions to Equity: Jurnal Ekonomi. Submission deadline (1st edition): June Submission deadline (2nd edition): December Submit manuscripts (English or Indonesian) via our online system. Please follow the Author Guidelines, and upload the Agreement form under “Supplementary Files.” We encourage using citation managers (e.g., Mendeley). Refer to JEL codes in the abstract. Average initial decision time: approximately 12 weeks. Make a Submission Author Guidelines JOURNAL STATISTICS INDEXED BY
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The Impact of Sharia Fintech and People's Business Credit (KUR) on the Sustainability of MSMEs in Mataram City
This study aims to analyse the impact of Sharia Fintech and People's Business Credit (KUR) on the sustainability of MSMEs in Mataram City. This study is important because MSMEs still have limited access to financing, so the use of technology-based financial services and subsidised credit programmes is necessary to support business continuity. The study uses a quantitative approach with a survey method of 100 MSME actors selected through purposive sampling. The research instrument is a questionnaire with a 1–5 Likert scale, which is then analysed using multiple linear regression through SPSS version 22. The results show that Sharia Fintech has a positive and significant effect on the sustainability of MSMEs, as reflected in increased access to financing, operational efficiency, and innovation capabilities. In addition, KUR also has a positive and significant effect on the sustainability of MSMEs through capital strengthening, increased production capacity, and improved business stability. Simultaneously, both variables were proven to contribute significantly to the sustainability of MSMEs in Mataram City. Thus, it can be concluded that the integration of Sharia-based technology financing and government credit programmes can improve the sustainability performance of MSMEs and has the potential to become a strategic instrument in local economic development.
Copyright (c) 2025 Safina, Nur Fitri Hidayanti, Zaenafi Ariani, Mukhlishin https://creativecommons.org/licenses/by/4.0
The Influence of E-Money Usage Frequency and Understanding of Sharia Principles on Millennial Consumptive Behavior
The utilization of electronic money (e-money) has significantly increased in the era of digitalization, altering the consumption patterns of Muslim millennials in Mataram. This study aims to investigate the impact of the frequency of e-money usage and the level of understanding of Sharia principles on Sharia-compliant consumption behavior. Employing a quantitative research design, the study surveyed 93 respondents selected through simple random sampling. Data analysis was conducted using multiple linear regression with the assistance of SPSS software. The findings reveal that the frequency of e-money usage exerts a positive and statistically significant influence on consumption behavior aligned with Sharia principles, exhibiting a coefficient of 54.4% and a significance value of 0.00. Furthermore, the understanding of Sharia values demonstrates a positive effect of 28.3%, with a significance value of 0.013. Collectively, these two variables exert a robust influence on Sharia-oriented consumption behavior, as indicated by an F value of 51.99 and an R-squared value of 52.6%. These results suggest that an increased frequency of e-money usage, coupled with a deeper understanding of Sharia principles, corresponds to more ethical and balanced consumption behavior among Muslim millennials. Consequently, it is imperative to enhance digital literacy in conjunction with strengthening Sharia financial literacy, ensuring that the adoption of financial technology aligns with the objectives of Maqashid al-Syariah in fostering economic welfare and accountability in the digital age.
Copyright (c) 2025 Merry, Nur Fitri Hidayanti, Zaenafi Ariani, Mukhlishin https://creativecommons.org/licenses/by/4.0
The Interaction of Digital Lifestyle and Food Waste on Household Food Security among Urban Millennials: Evidence from Palembang City, Indonesia
Household food security in urban areas, especially among millennials, is becoming an increasingly important issue as lifestyles and consumption patterns change due to the digitization of food services. This study aims to analyze the level of food security among millennial households in Palembang and examine the effect of spending on food delivery and food waste on the Household Food Insecurity Access Scale (HFIAS) score. Data were obtained from millennial household respondents through a questionnaire survey, with the HFIAS score as the dependent variable. The analysis was conducted using Ordinary Least Squares (OLS) regression, followed by Poisson regression as an alternative model suitable for count data. The results showed that the average HFIAS score was 3.17, with the majority (87%) of households falling into the mildly food insecure category. OLS and Poisson regressions show that spending on food delivery and food waste has a negative effect on food security. This study concludes that the food security of millennial households in Palembang is relatively vulnerable, mainly due to their increasing dependence on food delivery services.
Copyright (c) 2025 Yuli Nurhayati, Eri Triharyati https://creativecommons.org/licenses/by/4.0
The Influence of Financial Technology, Financial Self-Efficacy, and Hedonistic Lifestyle on Personal Financial Management of Generation Z in Medan City
This study aims to examine the influence of financial technology, financial self-efficacy, and a hedonistic lifestyle on personal financial management among Generation Z in Medan City. Generation Z, as digital natives, are highly exposed to technological conveniences that often encourage impulsive consumption and hedonistic tendencies. The rapid growth of financial technology (fintech) has transformed the way individuals manage their finances, creating both opportunities for efficiency and risks of excessive spending. Using a quantitative approach, data were collected from 100 respondents representing Generation Z through questionnaires distributed online. The collected data were analyzed using multiple linear regression techniques with SPSS. The results show that financial technology, financial self-efficacy, and a hedonistic lifestyle each have a positive and significant effect on personal financial management, both partially and simultaneously. Among these, financial technology has the strongest influence, followed by financial self-efficacy and hedonistic lifestyle. The coefficient of determination (R²) value of 0.761 indicates that 76.1% of the variation in personal financial management can be explained by the three independent variables. These findings highlight that while technological advances enhance financial accessibility, strong self-efficacy and awareness are essential to maintain responsible financial behavior amid hedonistic lifestyle pressures.
Copyright (c) 2025 Veri Ferdiansyah, Nurbaiti, Imsar https://creativecommons.org/licenses/by/4.0
Strategic Positioning Of Islamic Banks In Constructing Brand Image To Strengthen Brand Equity
Islamic banking in Indonesia has significant potential, supported by a large Muslim population and a strong regulatory framework. However, its market share remains stagnant compared to international benchmarks such as Malaysia and Saudi Arabia. This study aims to examine positioning strategies of Islamic banks in strengthening brand image to improve brand equity and to identify factors behind their limited growth. Using a descriptive qualitative approach, the research draws on literature reviews and secondary data from the Financial Services Authority, Bank Indonesia, and academic sources between 2019–2024. The findings reveal that the market share target of 20% in the Sharia Banking Roadmap 2020–2025 has not been met, with actual achievement only 7.72% in 2024. The shortfall is driven by weak product differentiation—for example, financing schemes and savings products that closely resemble conventional banks—along with underdeveloped digital platforms, relatively high financing margins, and low public awareness of sharia-based values. Compared with Malaysia’s emphasis on digital innovation and Saudi Arabia’s integration of Islamic banking into national identity, Indonesia still relies heavily on “riba-free” narratives. This study contributes by integrating positioning, brand image, and brand equity analysis while drawing international lessons. The implications highlight the need for halal lifestyle positioning, digital service transformation, and cross-sector collaboration to build stronger brand equity and accelerate market growth.
Copyright (c) 2025 Agus Dadang https://creativecommons.org/licenses/by/4.0
Analysis Productivity Labor in Indonesia
In the ASEAN context, the Republic of Indonesia ranks fourth in labor productivity within the region, reflecting ongoing complex challenges in optimizing its labor sector. Despite being endowed with abundant labor resources, Indonesia’s labor productivity lags behind several ASEAN neighbors, influenced by factors such as education gaps, skills mismatches, and uneven regional development. This study aims to identify Indonesian provinces falling into the optimal category of labor productivity based on key criteria: Gender Development Index, Health, Minimum Wage, and Investment. The novelty lies in explaining how Indonesia's regional characteristics form diverse pathways that illustrate the optimization potential of these regions. The objective of this study focuses on examining the conditions of regional characteristics associated with optimal labor productivity. This research uses a continuous analysis method known as Crisp-set Qualitative Comparative Analysis (csQCA). csQCA specializes in analyzing binary data to identify multiple causal patterns logically and holistically. It uses Boolean algebra to simplify complex data sets, revealing how different combinations of conditions relate to outcomes. The objects studied were 34 provinces in Indonesia in 2023. The results showed that provinces with optimal Gender Development Index conditions are located in the DKI Jakarta area with the flagship Transjakarta Pink program. In addition, the optimal Good Health Operational (BOK) conditions are in the Southeast Sulawesi region through the flagship program of the Mobile Health Service Program. Optimal wage conditions were observed in 19 provinces as a result of government policies in maintaining people's purchasing power.
Copyright (c) 2025 Fildjah Najibah Ghaisani, Indri Arrafi Juliannisa, M. Faizhal Ghaisani https://creativecommons.org/licenses/by/4.0
The Impact of East Java Electricity Investment on the Indonesian Economy: Interregional Input-Output (IRIO)
This study aims to analyze the impact of investment in the electricity sector in East Java using the Interregional Input-Output (IRIO) method. There are several data used for employment data, public income data and IRIO tables sourced from the Central Statistics Agency. The electricity sector is one of the leading sectors in East Java, which shows that it is able to increase the development of the upstream and downstream industries in the electricity sector itself, both directly and indirectly. The influence of the role of electricity sector activities in East Java has made the government's attention to increase electricity investment after the Covid-19 pandemic. The impact of electricity investment on other sectors in East Java occurred in the Mining and Quarrying sector in terms of increasing output and income, the Wholesale and Retail Trade sector; Repair of Motor Vehicles and Motorcycles in terms of increasing the workforce. In addition, it also has an impact on other regions that are the most dominant, namely in South Sumatra and East Kalimantan and the majority still affect other provinces on the island of Java.
Copyright (c) 2025 Khalid Fauzi Aziz, Fahrizal Taufiqqurrachman, Putri Autika Arifin https://creativecommons.org/licenses/by/4.0
Spiritual Intelligence as a Moderator in the Influence of Work Loyalty, Individual Characteristics, and External Motivation on Employee Performance
This research addresses the gap in public sector employee performance models in Indonesia, which are still dominated by structural factors such as incentives, while the integration of values (psychological and spiritual) is rarely tested quantitatively. This research examines the influence of work loyalty, individual characteristics, and external motivation on employee performance, as well as the role of spiritual intelligence as a moderator at the Lubuklinggau City Agriculture Office. A quantitative survey method was used on 81 employees; data was collected through questionnaires, observations, and document reviews, then analyzed using simple linear regression, t-tests, correlation tests, and Moderated Regression Analysis (MRA). The results show that all three variables have a positive and significant effect on performance, and spiritual intelligence strengthens the relationship between each variable and performance. The findings emphasize the urgency of a value-based performance framework that integrates spiritual dimensions into bureaucratic performance management practices. Limitations include a single-agency design, potentially biased self-assessment, and narrow scope. Nevertheless, this study contributes empirical evidence of the moderating effect of spiritual intelligence and offers a value-based performance framework that integrates psychological and spiritual parameters in the context of government organization.
Copyright (c) 2025 yossi ariasanti, betti nuraini, dheo rimbano, herman paleni https://creativecommons.org/licenses/by/4.0
Career Development as a Mediator of Internal Communication and Work Motivation on Employee Performance
This study examines how internal communication and work motivation affect civil servant performance through career development as a mediator. Using a quantitative approach with an explanatory design to describe the relationship and influence between variables on 31 civil servants in the Communication, Informatics, and Statistics Office of Musi Rawas Regency, data were collected through questionnaires, observation, and documentation. The analysis included linear regression, path analysis, and Sobel's test to examine direct and indirect effects. The results showed that internal communication and work motivation had a positive effect on career development and performance; career development significantly mediated the influence of internal communication and work motivation on employee performance. These findings emphasize the importance of career-based intervention designs that link organizational communication practices and employee motivation to performance achievement. The uniqueness of the study lies in testing the mediation model at the district level with explicit links between individual/organizational and performance, providing a concise and measurable empirical basis for formulating human resource development policies in the public sector. Recommendations emphasize strengthening internal communication, maintaining motivation, and structured career development programs to optimize civil servant performance.
Copyright (c) 2025 aslinda Wati, herman paleni, sardiyo sardiyo https://creativecommons.org/licenses/by/4.0
Answering the Employment Challenge: The Influance of Private Investment, Education, and Population Growth on Labor Absorption in North Luwu Regency
This study aims to analyze the effect of private investment, education level, and population growth on labor absorption in North Luwu Regency during the period 2010–2024. The method used is a quantitative approach with multiple linear regression analysis, based on secondary data from the Central Statistics Agency (BPS) and DPMPTSP of North Luwu Regency. The results of the study indicate that simultaneously, the three independent variables have a significant effect on labor absorption, as indicated by the F-statistic probability value of 0.001 and the determination coefficient value (adjusted R²) of 0.644. Partially, only the level of education shows a positive and significant effect on labor absorption, with a regression coefficient of 0.139, a t-count value of 3.647, and a significance of 0.004. Meanwhile, private investment has a regression coefficient of 0.021 (t-count = 1.329; sig. = 0.211) and population growth of 0.041 (t-count = 0.189; sig. = 0.728), both of which are insignificant. This finding underscores the importance of improving the quality of education to increase employment opportunities, and highlights that private investment that is not directed to labor-intensive sectors and population growth that is not balanced with job creation can limit labor absorption. The proposed policy implications include formulating incentives for investors in labor-intensive sectors, skills-based vocational education reform, and integrating population and employment policies to ensure that population growth becomes a potential, not a burden on development.
Copyright (c) 2025 Suprianto Suprianto, Sri Wahyuny Mustafa, Muh. Yusuf Qamaruddin http://creativecommons.org/licenses/by/4.0
Forecasting Inflation in Indonesia Using ARIMAX : The Role of Money Supply and Exchange Rate
Inflation is an essential economic indicator since it signals rising prices for goods and services. Economic factors influence Indonesia's inflation rate, including the money supply and exchange rate. These factors can have an impact not only on inflation at a single point in time but also throughout time. The money supply and exchange rate are two economic factors that substantially influence inflation. As a result, it is critical to forecast Indonesia's inflation rate using money supply and exchange rate as input variables. This study examines the effect of the money supply and exchange rate on the inflation rate. The data used is monthly from 2021-2023 sourced from Bank Indonesia (SEKI BI). This study used the Autoregressive Integrated Moving Average with Exogenous Factor (ARIMAX) technique. The results reveal that the ARIMAX (0,2,1) accurately predicts inflation, as seen by MAPE values of 9.48%. The results also show that the money supply and exchange rate significantly affect the inflation rate in Indonesia. This is due to the impact of the COVID-19 pandemic on Indonesia, which has caused the inverse effect of the exogenous variables. The ARIMAX model can be a valuable and efficient tool for improving forecasting.
Copyright (c) 2025 Besti Novianda https://creativecommons.org/licenses/by/4.0
Analysis Of Connectivity Spending, Capital Expenditure And Fiscal Independence On The Pace Of GDP
This study analysed the issue of the quality of regional spending, by analyzing the influence of Connectivity Spending, Capital Expenditure and Fiscal Independence on the GDP growth rate in Regencies/Cities throughout Lampung Province in the period 2018 to 2022. The results of the analysis indicated that the Connectivity Expenditure variable had a positive and significant influence on the GDP rate, meaning that every 1% increase in connectivity spending could increase the GDP growth rate by 0.26%. Meanwhile, Capital Expenditure had a negative impact or suppresses the GDP rate. It marked the allocation of the capital expenditure budget for asset acquisition was less effective in supporting economic growth and development between regions. Likewise, Fiscal Independence had no significant effect on the pace of GDP. This condition reflected the region's large dependence on central transfers. Using the Vector Autoregression (VAR) found that all variables affect GDP with a lag of 1 year after meaning that three variables could affect the rate of GDP after 1 year of implementation. The results of this study overviewed the importance of selecting efficient types of Capital Expenditure and Connectivity Expenditure which had an impact on economic growth (spending better), as well as the importance of increasing regional fiscal capacity through PAD optimization to support regional financing and sustainable regional economic growth.
Copyright (c) 2025 Ukhti Ciptawaty, Marselina Marselina, Gwen Adhitya Amalkhan
Political Marketing Mix in the Decision to Choose Pangkalpinang Mayoral Election 2024
Political marketing does not mean how to sell political parties or candidate pairs that are being promoted to voters, but something that focuses on how political parties or candidate pairs can create work programs related to current problems. The sustainability of regional development within five years requires testing of political marketing of the decision to elect the Mayor and Deputy Mayor of Pangkalpinang. The population of Pangkalpinang City, which has the right to vote and is also registered on the 2024 Permanent Voters List, amounting to 161,413 people, is the focus of this study. A sample of 399 was determined using the probability sampling method with a cluster sampling technique carried out in seven sub-districts in Pangkalpinang City. Data were collected using a quantitative questionnaire as a multiple linear regression analysis tool. The independent variable is the marketing mix associated with political marketing capacity, including political products, promotions, prices, and venues. In contrast, the decision to choose is a dependent variable. Regression analysis reveals a positive correlation between political products, political promotion, political price, and political place on voter decisions. The coefficient value of political products 0.402 indicates an influence of 40.2%, political promotion 0.255 indicates an influence of 25.5%, political price 0.163 indicates an influence of 16.3%, and political place 0.468 indicates an influence of 46.8% respectively on the decision-making process. The most significant regression analysis output is 0.468 on the shift of political place of political products, political promotion, and political price. This result shows that voters want to meet directly with voters to strengthen their opinions.
The Impact Of Balance Funds And Local Real Income On Poverty In Papua Province
The purpose of this study is to examine how poverty rates in Papua Province are impacted by Local Original Revenue (LOR) and balancing funds, such as the General Revenue Sharing (GRS) and the Specific Allocation Grant (SAG). Multiple regression analysis is the research tool employed in this study, enabling researchers to assess the correlation between various variables. Regional financial statistics and poverty indicators for the years 2011–2023 are among the data used. The study's findings demonstrate that LOR and the balance fund significantly and favorably lower Papua's poverty rate. This study concludes that increased fund allocation from the central government and better management of LOR can contribute to improving community welfare. Therefore, it is recommended that local governments increase their financial management capacity and prioritize programs that can effectively reduce poverty.
Copyright (c) 2025 Sutrisno Sutrisno, Fahrizal Taufiqqurrachman
Assesing The Efficiency Of Central Java’s Regional Budget Realization Using Data Envelopment Analysis
This study evaluates the efficiency of Central Java’s 2022 Regional Budget (APBD) realization using a Variable Returns to Scale (VRS) input-oriented Data Envelopment Analysis (DEA) model. The study analyzes 35 regencies and cities using data from the Central Java Regional Budget Realization Report and Statistics Indonesia (BPS). Inputs include regional expenditure, employee expenditure, goods and services expenditure, capital expenditure, and other expenditures, while outputs consist of Gross Regional Domestic Product (GRDP) and the Human Development Index (HDI). Findings reveal that only 7 out of 35 regions (20%) achieved efficiency due to effective planning, streamlined budget processes, and robust supervision. Meanwhile, 28 regions (80%) exhibited inefficiencies linked to policy inconsistencies, limited planning capacity, and socio-economic constraints. For instance, some regions allocated substantial capital expenditure but failed to utilize funds effectively due to delayed infrastructure projects. These inefficiencies highlight the need for improved coordination, strategic planning, and stronger institutional capacity. Local governments and policymakers should ensure budget allocations align with regional priorities and improve financial management and transparency. Additionally, academics can contribute by providing research-based insights to support policy reforms. Strengthening these aspects will enhance public financial management, promoting sustainable economic growth and human development.
Copyright (c) 2025 Mario Rosario Wisnu Aji, Elisa Letizia
The Role of Corporate Governance in Accelerating Financial Performance with Debt to Equity Ratio as a Moderating Variable
This study aims to analyze the influence of corporate governance on profitability, with the debt to equity ratio acting as a moderating variable. The research focuses on 35 manufacturing companies over a period of five years. Purposive sampling was employed to select the total number of manufacturing companies for the study. Data analysis was assisted by SmartPLS 3 software. The results demonstrate that corporate governance has a positive effect on ROA. Firm age also significantly positively influences ROA. Similar outcomes are shown in the relationships between DER and ROA, Market to Book and ROA, and sales and ROA. However, DER does not moderate the relationship between corporate governance and ROA, Market to Book and ROA, or sales and ROA. The role of DER is proven to be a moderator in the relationship between firm age and ROA, and sales and ROA. This study confirms the importance of strong governance practices in enhancing company profitability. Companies should invest in strengthening their governance mechanisms, such as enhancing transparency, improving accountability systems, and ensuring board independence to increase ROA. DER does not always function effectively as a moderator in the impact of corporate governance on ROA. Financial managers should be cautious in using leverage as a tool to enhance profitability. Leverage should be strategically employed, considering other factors such as firm age and market conditions, to optimize its impact on ROA.
How Does PNPM-MP Impact the Income of Poor People? (Case Study of SPP Members in Sumanik Village, Tanah Datar Regency)
In Nagari Sumanik, Salimpaung District, and Tanah Datar Regency, poverty issues require coordinated and collaborative actions from all parties. The local government launched the National Program for Rural Independent Community Empowerment (PNPM-MP) to improve poverty alleviation and job creation. PNPM-MP is a poverty alleviation effort that involves community members to improve the quality of life, independence, and welfare. The objectives of this study were to determine the differences in production before and after receiving SPP funds from PNPM-MP, the differences in employment opportunities before and after receiving SPP funds from PNPM-MP, and the differences in income before and after receiving SPP funds from PNPM-MP. This research found that there were significant differences in production, employment opportunities and income before and after receiving SPP funds from PNPM. Similarly, the Wilcoxon Signed Rank Test for income showed an asymp. Sig (2-tailed) value of 0.000 < 0.05, confirming a significant difference before and after receiving SPP funds.
Copyright (c) 2025 Lusi Sesmita, Nur Ari Sufiawan, Bintang Rizky AMS, Weriantoni Weriantoni
Analysis of Factor Affecting Work Spirit in Employees PDAM Tirta Gemilang Magelang
The purpose of this study is to see how factors such as work motivation, work environment, and work stress affect the work spirit of employees of the Regional Drinking Water Company (PDAM) Tirta Gemilang Magelang which is one of the regionally owned business units, which is engaged in the processing and distribution of clean water for the general public workers. The quantitative methodology of this research relies on questionnaires that were randomly distributed to gather primary data. Using a Likert scale from 1 (strongly disagree) to 5 (strongly agree), researchers asked participants to rate their level of agreement with a series of statements. Using the slovin formula, a sample of 53 individuals was obtained from a population of 113 individuals in this research. Tests for validity and reliability, multiple linear regression analysis, tests for classical assumptions like normality, multicollinearity, and heteroscedasticity, and tests for hypotheses like t tests, f tests, and adjusted R2 are all part of the statistical toolbox. Next, SPSS 26 software was used to process the collected data. Work environment and motivation both significantly and positively impact work spirit, according to the study's findings. However, there is substantial evidence that stress at work lowers morale. Researchers interested in learning more about work spirit might use this study's results as a starting point. Furthermore, businesses may use the study's findings to influence policies that aim to boost employee morale and productivity.
Copyright (c) 2025 Agil Nova Dwi, Didik Subiyanto, Tri Ratna Purnamarini
Attitude and Perceived Value on Intention to Revisit and Loyalty: A Theory of Planned Behavior Approach in Fast Food Retail
Fast food retail is a service that focuses on serving fast food. The development of this industry is relatively high and of course, this increases competition within it. The theory used as the grand theory in this research is the Theory of Planned Behavior. The Theory of Planned Behavior states that the factors influencing actual behavior are perceived behavioral control, attitude, and subjective norms.This study examines four factors influencing intention to revisit and customer loyalty: perceived value, subjective norm, attitude and quality. Researchers added perceived value as a novelty in this research. The object of this research is the fast food retail. The subjects in this research were fast food retail consumers ranging in age from 15 years to 50 years or generations Y and Z. Researchers used a quantitative approach in this study with a purposive sampling technique, which resulted in 200 samples. This research uses SEM analysis with AMOS Graphic software to manage data. The findings indicate that perceived value significantly affects attitude, while subjective norms do not significantly influence intention to revisit and loyalty. Moreover, attitude and quality play crucial roles in shaping customer loyalty and intention to revisit.
Copyright (c) 2025 Ridha Septia Haruni Usman, Endy Gunanto Marsasi
The Influence Of Financial Literacy And Ease Of Use Of The Qris System On Students’ Decisions In Using Qris
The purpose of this study is to determine the influence of financial literacy and usefulness on students' decisions in using QRIS. This research is an associative research using a quantitative approach. The purposive sampling technique is used for sampling. The calculation of the total sample using the Lemeshow formula with an error of 5% resulted in the results of 96 samples. The data collection tool used is a questionnaire that is distributed and filled out by a sample, namely FEB students of the 2021, 2022, 2023, and 2024 batches of the University of Muhammadiyah Jakarta. Data processing was carried out using the SPSS 20 application and validity and reliability tests were used to test the instrument. We then performed a normality test, a multicollinearity test, and a heteroscedasticity test to test the classical assumptions. The data analysis methods used include multiple regression analysis, T test, F test, and determination coefficient (R2) test. The results of this study show that financial literacy and ease of use of the QRIS system have a positive and significant effect on students' decisions in using QRIS.
Copyright (c) 2025 Sri Winda Wulandari, Zulfikar Ramadhan
Financial Literacy and Investment Motivation: The Role of Investment Interest in Investment Decisions (Case Study of Students from the Faculty of Economics, Yogyakarta)
This study aims to analyze the influence of financial literacy and investment motivation on the investment decisions of students in the Faculty of Economics in Yogyakarta, with investment interest as an intervening variable. Using a quantitative approach with an associative research design, primary data was collected through questionnaires distributed to students using the convenience sampling method. Data analysis was conducted using statistical techniques to examine the relationships between variables. The results indicate that financial literacy and investment motivation positively influence students' investment decisions. However, investment interest does not play a significant role as a mediator in this relationship. These findings highlight the importance of financial knowledge and investment motivation in enhancing student participation in the capital market. As an implication, this study recommends the development of more practical and experience-based financial education programs, such as investment simulations and financial management training, to better equip students in making informed investment decision
Copyright (c) 2025 Nur Anita Chandra Putry, Meri Grasia Elik
Analysis of Sales Growth and ROA in Tax Avoidance: Corporate Governance Perspective
A recent comprehensive study reveals the complex dynamics of tax avoidance among manufacturing companies in the ASEAN region. The study, which covers 791 companies with a total of 4,746 research data over the period 2018-2023, provides a comprehensive overview of the parameters that determine tax avoidance. The authors discovered a favorable link between tax evasion behavior and sales growth using E-views 12 moderate regression analysis (MRA) statistical study. Conversely, there is a negative correlation between the practice and Return on Assets (ROA). The little influence of company governance in mitigating the association between sales growth and ROA on tax evasion is one intriguing discovery. This subject demonstrates the intricacy of the tax evasion process, which the corporate governance mechanism is unable to adequately explain. The results of this study make an important contribution to the academic and practical understanding of tax strategies in the ASEAN manufacturing business environment.
Copyright (c) 2025 Roy Frananda Saragih, Suyanto Suyanto, Yhoga Heru Pratama https://creativecommons.org/licenses/by/4.0
The Impact of Working Conditions on Productivity and Job Satisfaction in the Pharmaceutical Wholesaler Industry Economic
Rapid changes in the workplace and increasing job demands often affect employee well-being. One of the most common negative effects is burnout, usually characterized by mental, physical, and emotional exhaustion due to excessive workload. This study aims to determine the effect of workload and job demand on burnout, with mental health as a mediating variable, at PT Anna Mandiri Jaya. A quantitative approach was used with explanatory method and SEM-PLS analysis. Data was collected from 35 employees using an online questionnaire. From the results, we can see that workload and job demand have no significant direct impact on mental health. However, mental health has a significant effect on burnout, which shows its main role as a mediating variable. These results highlight the importance of maintaining employees' mental health to reduce the risk of burnout and recommend interventions such as stress management training, counseling, and a supportive work environment. This information can help companies in their efforts to improve employee well-being and productivity.
Copyright (c) 2025 Mailani Khoironika, Oktri Mohammad Firdaus, Intan Tenisia Prawita Sari
The The Effect of Financial Ratios on Financial Distress Before and After the Covid-19 Pandemic in the Retail Subsector
The purpose of this study is to analyze the effect of liquidity ratio, leverage and profitability on financial distress before and after the Covid-19 pandemic, as well as to analyze the difference in liquidity, leverage and profitability on financial distress before and after Covid-19. This study uses data from retail companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2023 period, where 2016-2019 is the pre-pandemic period and 2020-2023 is the post-pandemic period. Financial distress is measured using the springate method (s-score), for liquidity using the current ratio, leverage using the debt to equity ratio and profitability using return on assets. The results of the study show that liquidity has a significant effect on financial distress before the Covid-19 pandemic, but does not have a significant effect on financial distress after the Covid-19 pandemic. Leverage did not have a significant effect on financial distress before and after the Covid-19 pandemic. Profitability has a significant effect on the financial distress before and after the Covid-19 pandemic in the retail subsector listed on the IDX. Liquidity, leverage, and profitability simultaneously had a significant effect on financial distress before and after the Covid-19 pandemic in the retail subsector listed on the IDX. There was a significant difference between leverage against financial distress before and after the Covid-19 pandemic, but there was no significant difference between liquidity and profitability against financial distress before and after the Covid-19 pandemic in the retail subsector listed on the IDX.
Copyright (c) 2025 Aila Fatimah, Sutanti Sutanti
Regional Tax Compliance Analysis of PB1 in Pangkalpinang
This study aims to evaluate the extent to which the installation of tax banners as media of socialization can improve tax compliance among cafe and restaurant business actors in Pangkalpinang City. Restaurant tax (PB1) is an important contributor to local revenue, with revenue achievements in 2023 amounting to IDR 27.3 billion or 21.7% of total local revenue. This study uses a descriptive qualitative approach, with data collected through observation, interviews, and documentation studies. The research sample includes 1-10 cafe and restaurant owners who have installed tax banners and routinely pay PB1. The research findings indicate that tax banners act as a visual reminder and educational media for consumers, although their influence on business actors is relatively limited. Banners are considered effective in increasing the timeliness of tax reporting, but do not have a significant impact on the amount of tax payments. The SWOT analysis reveals that banners have the advantage of being a cost-effective means of information and physical evidence of compliance, but also have weaknesses such as limited information space and the risk of "banner blindness". This study concludes that the installation of banners has a positive impact on tax compliance, although optimization efforts are still needed through more intensive socialization and periodic policy evaluation. The recommendations put forward include the need for further research with a quantitative approach and expanding the scope of research objects to obtain more comprehensive findings.
Copyright (c) 2025 Pipin Pipin, Rahil Imainul Aprilian, Fardillah Suciati, Irma Elista http://creativecommons.org/licenses/by/4.0
The Effect Of Brand Experience And Perceived Value On Customer Loyalty Dimediated By Customer Satisfaction On Wardah Skincare
This study aims to determine the relationship between brand experience and perceived value on customer loyalty through customer satisfaction in buying Warda Skincare products. This research uses a quantitative approach by taking 140 samples from women over 17 years old. Questionnaire data collection methods and studies related to the indicators used. The results of this study indicate that brand experience has a positive and significant effect on customer loyalty. Perceived value has a positive and significant influence on customer loyalty. Brand experience has a positive and significant influence on customer satisfaction. Perceived value has a positive and significant influence on customer satisfaction. Customer satisfaction has a positive and significant influence on customer loyalty. And customer satisfaction is able to mediate brand experience variables and perceived value on customer loyalty.
Copyright (c) 2025 Elsa Nadia, Muinah Fadhillah, Agus Dwi Cahya http://creativecommons.org/licenses/by/4.0
What Factors Affecting Auditors’ Fraud Tendency Perception? Fraud Pentagon Theory Perspective
This research aims to analyze the influence of the pentagon fraud theory, which consists of pressure, opportunity, rationalization, competence, and arrogance, on auditors' perceptions of fraud tendencies. The sample for this research is 153 auditors who work at the Regional Inspectorate of Central Java Province. This type of research is quantitative research. The data analysis technique uses Partial Least Square (PLS). Data was processed using SmartPLS software version 3.29. The results of this research are that pressure, opportunity and rationalization do not have a significant effect on the auditor's perception of fraud tendencies, while competence and arrogance have a significant effect on the auditor's perception of fraud tendencies.
Copyright (c) 2024 Fakhmi Zakaria, Suhita Whini Setyahuni
The Impact of Uncertainty and Macroeconomic on Income Inequality in Indonesia
This study explores the impact of global uncertainty and macroeconomic factors on income inequality in Indonesia from 1991 to 2023, employing the Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) methodologies. The findings reveal that global uncertainty significantly reduces income inequality in the long term, while key macroeconomic variables like unemployment and real income have pronounced effects on inequality in both the short and long term. Unemployment is positively associated with income inequality, exacerbating the disparity as job losses primarily affect the lower-income segments. Real income increases, on the other hand, paradoxically heighten inequality due to the uneven distribution of wealth across socio-economic groups. Inflation, however, was found to have no significant effect on income inequality. The study highlights the role of economic policy uncertainty, which disproportionately affects the wealthier segments during economic downturns, leading to a relative decline in inequality. However, the persistent concentration of wealth among the top 10% underscores the need for policy interventions, including progressive taxation and social assistance programs. Policymakers are urged to address unemployment and ensure equitable income growth to mitigate inequality effectively. The research underscores the necessity of robust strategies to navigate global uncertainties and stabilize macroeconomic conditions to achieve inclusive growth in Indonesia.
Strategies to Improve Sustainable Competitive Advantage in the Halal Industry Through Knowledge Sharing: HR Perspective
The halal industry in Indonesia faces significant challenges in establishing a sustainable competitive advantage (SCA) in an increasingly competitive global market. One key factor that could support this advantage is the adoption of Green Human Resource Management (GHRM) practices and the promotion of green knowledge sharing. This study investigates the relationship between GHRM practices, green knowledge sharing, and the achievement of SCA within the Indonesian halal industry. Employing a systematic literature review (SLR) methodology, the study utilizes the Resource-Based View (RBV) theory to analyze relevant literature. The search was conducted using Scopus and Google Scholar databases, focusing on GHRM, knowledge sharing, and competitive advantage. The findings indicate that GHRM positively influences SCA, with green knowledge sharing acting as both a mediator and moderator that strengthens this effect. Additionally, organizational citizenship behavior (OCB), driven by green leadership, further contributes to the achievement of SCA. This research offers theoretical insights into the application of RBV within the halal industry and underscores the significance of green knowledge sharing and OCB in fostering sustainable competitive advantage. The practical implication of these findings highlights the importance of implementing effective GHRM practices and cultivating a green knowledge-sharing culture to enhance sustainability in the halal sector. The study's limitation lies in its reliance on existing literature, without empirical analysis in the field.
Copyright (c) 2024 Taufiq Rahmat, Eeng Ahman, Diah Apriliani
Information Technology Transformation to Support Economic Activities: A Case Study of Bukit Peramun Digital Forest
Bukit Peramun, located in Air Selumar Village, Belitung Regency, has been managed by the Arsel Community since 2006. In 2017, it was established as the Bukit Peramun Digital Forest ecotourism destination. This research aims to analyze the impact of information technology transformation at Bukit Peramun Digital Forest on economic activities, particularly for the local community. This study employs a qualitative method with a case study approach through observation and interviews with purposively selected informants. In 2017, the implemented information technology was QR Codes on trees. Then, from 2020 to 2022, the technology was enhanced by integrating virtual reality and augmented reality, including features like Tour 360, the Tree Recognition application, and an online reservation system through peramun.com. The results show that the information technology transformation at Bukit Peramun Digital Forest improved management efficiency and tourist experiences. Although there was a decline in revenue, foreign tourist visits showed an increase. The technological transformation also helped control visitor numbers, which positively impacted environmental conservation, with more efficient service quality and management.