International Journal of Economics, Business and Accounting Research (IJEBAR)
International Journal of Economics, Business, and Accounting Research (IJEBAR) IJEBAR is a peer-reviewed journal that publishes high-quality research in economics, business, and accounting. The journal aims to advance academic knowledge and support practical applications through original and impactful studies. Publication Frequency: Published four times a year — March, June, September, and December. Focus & Scope: Economics · Business · Accounting · Finance · Behavioral Accounting · Management Accounting · Accounting Education · Public Sector Accounting · Environmental Accounting · Accounting Ethics. Published by LPPM ITB AAS Indonesia. IJEBAR Powerred by ITB AAS Indonesia, Website : https://itbaas.ac.id or https://itbaas.id
LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)
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THE INFLUENCE OF REVIEWS AND TIKTOK INFLUENCER CREDIBILITY ON PURCHASE DECISIONS FOR BITTERSWEET BY NAJLA WITH EXPECTATIONS AS A MEDIATING VARIABLE
This study aims to analyze the influence of influencer reviews and influencer credibility on purchase decisions for Bittersweet by Najla products, with consumer expectations as a mediating variable. This study employs a quantitative approach using Google Forms as the data collection instrument, with a causal-explanatory research design to analyze the relationships among variables. The data were distributed to active TikTok users in Indonesia who had watched influencer reviews of Bittersweet by Najla products and had either purchased or had the intention to purchase the products. A total of 336 valid respondents were obtained through purposive sampling. The analysis was conducted using the Partial Least Squares–Structural Equation Modeling (PLS-SEM) method through SmartPLS version 4. The findings indicate that influencer reviews and influencer credibility significantly affect consumer expectations. Both variables are also proven to influence consumer purchase decisions both directly and indirectly through consumer expectations as a mediating variable. The results suggest that marketing strategies involving influencers can enhance consumer expectations and purchase decisions for Bittersweet by Najla products. This study also contributes to the influencer marketing literature by highlighting the role of consumer expectations as a mediating factor in digital marketing strategies, particularly in the food and beverage industry through the TikTok platform. This research is also related to Sustainable Development Goals (SDGs) 8, particularly in the aspect of economic growth. The utilization of digital marketing through influencers is considered capable of encouraging increased purchasing activities while supporting business growth in the current digital economy era.
Copyright (c) 2026 Caecillia Hartatdji, Clarensia, J.E Sutanto
AI-DRIVEN HRM AND EMPLOYEE INNOVATIVE BEHAVIOR THROUGH WORK ENGAGEMENT AND CREATIVE SELF-EFFICACY
Abstract− The rapid advancement of artificial intelligence technology has accelerated the popularization of AI- Driven HRM among modern corporate organizations. Current academic literature predominantly concentrates on the efficiency advantages brought by this new-type human resource management model. Few scholarly works have further discussed how it influences employee Innovative behavior from the perspective of individual internal psychological mechanisms. Grounding on Self-Determination Theory (SDT), this study carries out quantitative questionnaire research targeting staff members from five Internet enterprises located in Zhengzhou City. The empirical results generated by PLS-SEM statistical analysis demonstrate that AI- Driven HRM can positively predict employee adaptability and employee Innovative behavior in the workplace, and adaptability presents a prominent mediating effect between the above two research variables. This research enriches the practical application scenarios of Self-Determination Theory in the intelligent human resource management field. It also offers feasible empirical references for enterprises to optimize internal innovative performance via the implementation of AI- Driven HRM. Keywords: AI-Driven HRM; Employee Innovative Behavior; Work Engagement; Creative Self-Efficacy; Adaptability
Copyright (c) 2026 Yixuan Li, Arti Pandey
THE IMPACT OF SOCIAL MARKETING ON LIBERICA COFFEE BRANDING IN INCREASING CONSUMPTION INTENTION
This study aims to analyze the effect of social marketing on consumption intention toward Liberica coffee in East Kalimantan, with branding serving as a mediating variable. As a local commodity, Liberica coffee has considerable potential; however, it remains less favored among the younger generation. Therefore, a social marketing approach is considered strategic in constructing social and emotional narratives that foster awareness, trust, and preference for local products. This study uses quantitative research methods with survey techniques by involving 120 youth respondents in East Kalimantan. The results were calculated by the Partial Least Squares–Structural Equation Modeling (PLS-SEM) method. The findings show that social marketing has a positive impact on both branding and consumption intention. In addition, brand also plays a strong impact on consumption intention and is found to mediate the relationship of social marketing and consumption intention. The results have theoretical and practical implications for MSME actors, as well as stakeholders to achieve the best social massages wrapped on an authentic and personal branding strategies to increase the consumption of Liberica coffee.
Copyright (c) 2026 Gusti Noorlitaria Achmad, Dwi martiyanti, Arvita Rachmawaty, Purwadi, Muhammad Wasil
THE EFFECT OF FINANCIAL LITERACY AND HEDONISTIC LIFESTYLE ON PAYLATER FINANCIAL MANAGEMENT BEHAVIOR: THE MEDIATING ROLE OF SELF-CONTROL
This research is motivated by the increasing use of payLater among young people in theCirebon region, which has the potential to lead to the risk of default due to less controlled financial management behavior. The purpose of this study is to analyze the influence of financial literacy and a hedonistic lifestyle on financial management behavior, with self-control as a mediating variable. The research method used is a quantitative method with a causal associative approach. The sampling technique used was purposive sampling with 120 selected respondents who met the criteria. Data analysis using SmartPLS 4.0. The research results indicate that financial literacy significantly influences financial management behavior and self-control. Meanwhile, a hedonistic lifestyle does not significantly affect financial management behavior but significantly impacts self-control. Additionally, self-control is proven to significantly mediate the influence of financial literacy and a hedonistic lifestyle on financial management behavior.
Copyright (c) 2026 Ade Nurohmah , Mardiyani
STRATEGIC PLANNING FOR THE DEVELOPMENT OF PREFABRICATED HOUSE CONSTRUCTION INDUSTRY IN INDONESIA
The prefabricated house construction industry in Indonesia has enormous potential, driven by the high demand for housing, which reached 9.9 million, and supportive government policies, but it is still hit by multidimensional challenges that require comprehensive strategic planning. Thus, this study aims to map strategic planning to develop the prefabricated house construction industry in Indonesia. The research questions of this study are: (1) What are the factors that affect the development of the prefabricated house construction industry in Indonesia? (2) What strategic planning does Indonesia implement to develop this industry? This research was compiled by uncovering the growth of the prefabricated house construction industry and its situation in Indonesia, and adopting secondary data analysis to collect data. The results of the study by integrating the Diamond Porter Model and SWOT/TOWS analysis revealed that the success of industrial development depends on a synergistic multi-stakeholder approach involving integrated policy support, technology adoption, supply chain consolidation, and comprehensive market education to transform Indonesia's housing sector towards greater efficiency, scalability, and sustainability.
Copyright (c) 2026 Muhammad Rizal, Andi Sani Silwanah, Aldo Valentino Benjamin Puturuhu, Rafiandi Normansyah, Cica Permatasari
THE IMPACT OF CUSTOMER EXPERIENCE, SALES PROMOTION, SERVICE QUALITY, AND PRODUCT AVAILABILITY ON CUSTOMER LOYALTY IN TOKOPEDIA’S RETAIL BUSINESS: THE MEDIATING ROLE OF CUSTOMER SATISFACTION
This study investigates the determinants of e-loyalty among Tokopedia users by applying the Stimulus–Organism–Response (S-O-R) model. The model conceptualizes Customer Experience (CX), Promotion, E-Service Quality, and Product Availability as external stimuli (S) that influence E-Loyalty (R) both directly and indirectly through E-Satisfaction (O). Data were collected from 150 active university students in Surabaya who had made purchases on Tokopedia within the past six months. The analysis was conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM) to evaluate the measurement and structural models. Results indicate that all stimulus variables significantly affect both e-satisfaction and e-loyalty. Among them, Product Availability shows the strongest direct effect on e-loyalty, while Promotion has the largest impact on e-satisfaction. Moreover, e-satisfaction serves as a significant mediator between all stimulus variables and e-loyalty, confirming the central role of emotional and cognitive satisfaction in shaping long-term customer commitment. The model explains 59.8% of the variance in e-loyalty and 44% in e-satisfaction, demonstrating robust explanatory power. These findings emphasize that enhancing customer experience, service quality, promotional relevance, and product reliability are crucial strategies for fostering sustained e-loyalty in competitive e-commerce platforms.
Copyright (c) 2026 Dr. Edy Sulistiyawan, M.Si., M. Adhi Prasnowo, Mustafa Hermanto
THE INFLUENCE OF PRESIDENT DIRECTOR CHARACTERISTICS ON CORPORATE TAX AVOIDANCE IN INDONESIAN MANUFACTURING COMPANIES (2020–2024)
This research aims to explore the relationship between CEO characteristics and tax avoidance behaviour of publicly traded manufacturing firms in Indonesia Stock Exchange (IDX) over a three year period from 2020 to 2024. Four important areas of investigation for this study include: (1) age of CEO; (2) sex/gender of CEO; (3) education level/background of CEO; and (4) length of time serving as CEO. A quantitative methodology was applied using multiple regression on a panel data set containing 250 firm level observations. Findings revealed that the education level and time served as a CEO were significantly and positively correlated with tax avoidance behaviour while both age and gender were not determined to statistically impact tax avoidance behaviour. These findings provide direct implications for tax authorities and corporations to consider with respect to how corporate executive characteristics impact tax strategy decisions. Keywords: Tax Avoidance, President Director, Educational Background, Tenure, Executive Characteristics.
Copyright (c) 2026 Salfa Syaharani, Edy Supriyono
ANALYSIS OF THE EFFECTIVENESS AND EFFICIENCY OF THE REGIONAL REVENUE AND EXPENDITURE BUDGET AT THE SALATIGA CITY REGIONAL REVENUE AND EXPENDITURE MANAGEMENT AGENCY (BPKPD) FOR THE YEARS 2021–2024
This study aims to analyze the effectiveness and efficiency of the Regional Revenue and Expenditure Budget (APBD) at the Regional Financial and Revenue Management Agency (BPKPD) of Salatiga City during the period 2021–2024. The research method used is descriptive with a quantitative approach. The data used are secondary data in the form of Budget Realization Reports (LRA) obtained from BPKPD of Salatiga City. Data collection was carried out using documentation methods, while data analysis techniques included variance analysis, regional financial independence ratio, effectiveness ratio of Regional Original Revenue (PAD), and expenditure efficiency ratio. The results of the study indicate that the revenue variance during the observation period is consistently positive, meaning that the realization of revenue exceeds the budgeted target. The regional financial independence ratio ranges from 43.93% to 52.54%, indicating a fairly independent category. The effectiveness ratio of PAD shows a very effective performance, as all values exceed 100%. Meanwhile, the expenditure variance shows negative values, indicating that actual expenditures are lower than the budget, resulting in budget savings. The expenditure efficiency ratio ranges from 89.06% to 93.64%, which indicates that the management of regional expenditures is efficient. In conclusion, the financial performance of the APBD management at BPKPD of Salatiga City during the period 2021–2024 can be categorized as good. However, improvements are still needed, particularly in enhancing regional financial independence to reduce reliance on central government transfers
Copyright (c) 2026 Sidiq Herlambang Nugroho, Wikan Budi Utami, Suprihati Suprihati
THE IMPACT OF DISCOUNTS AND PRODUCT BUNDLING ON IMPULSIVE BUYING BEHAVIOR AMONG CONSUMERS IN MAKASSAR CITY
This study examines the impact of discounts and product bundling on impulsive buying behavior among consumers in Makassar City. Primary data were collected through an online survey using Google Forms with a quantitative approach. The survey collected responses from 80 frequent e-commerce platform users. This research investigates how discounts and product bundling affect impulsive buying. Structural Equation Modeling-Partial Least Squares (SEM-PLS) is used to analyze the data. The results show that there is a strong positive relationship between Discount and Impulsive Buying. Product Bundling showed a negative link with Impulsive Buying, which is different from what was found in previous studies. This indicates that the people who answered the survey see value perception, high prices, and limited flexibility as obstacles to emotional appeal, which usually encourages people to make purchases on impulsive. As a result, this study suggests that there is a negative link between product bundling and impulsive buying.
Copyright (c) 2026 Emeline Aime Kandiawan, Delia Layandi, Gracielle Febriana Benly, Felicia Wong, Tiffany Thesagita, Mustika Kusuma Basir, Afrizal Firman
THE INFLUENCE OF PRODUCT PRICE, SERVICE QUALITY, AND LOCATION ON PURCHASING DECISIONS AT SALSABILA MART STORE KARANGANYAR
This study aims to determine the effect of product price, service quality, and location on purchasing decisions at Salsabila Mart Store, Gaum Tasikmadu Karanganyar. This research used a quantitative research method with data collection techniques through distributing questionnaires to consumers of Salsabila Mart Store. The population in this study consisted of 500 consumers, while the research sample was 100 respondents determined using the Slovin formula with a simple random sampling technique. The data analysis methods used included validity test, reliability test, classical assumption test, multiple linear regression analysis, t-test, F-test, and coefficient of determination (R²) with the assistance of SPSS version 23 application. The results of the study showed that partially, product price had a positive and significant effect on purchasing decisions with a t-value of 25.755 and a significance value of 0.000. Service quality also had a positive and significant effect on purchasing decisions with a t-value of 29.657 and a significance value of 0.000. In addition, location had a positive and significant effect on purchasing decisions with a t-value of 23.576 and a significance value of 0.000. Simultaneously, product price, service quality, and location significantly affected purchasing decisions with an F-value of 3219.681 and a significance value of 0.000. The coefficient of determination (Adjusted R Square) value of 0.990 indicated that the variables of product price, service quality, and location were able to explain purchasing decisions by 99.0%, while the remaining 1.0% was influenced by other variables outside this study
Copyright (c) 2026 Vesytha Peterria, LMS Kristiyanti, Maya Widyana Dewi
THE INFLUENCE OF SOCIAL MEDIA MARKETING, GAMIFICATION, AND E-WOM ON CUSTOMER ENGAGEMENT AT KFC IN SURABAYA
This study aims to examine the influence of social media marketing, gamification, and E-WoM on customer engagement. The population in this study is KFC customers in Surabaya. The sampling technique used is purposive sampling, with a total sample of 194 respondents. Data were analysed using the SPSS version 26 program. The results indicate that all the studied factors significantly influence customer engagement. In addition, this study supports the achievement of SDG 9 (Industry, Innovation, and Infrastructure) by demonstrating how the adoption of digital marketing strategies and technology based innovations, such as social media marketing, gamification, and E-WoM, can enhance industrial competitiveness and strengthen sustainable business performance within the food and beverage sector, especially fast food.
Copyright (c) 2026 Chelsea Jeffriani Gunawan, Valencia Vanessa Timisela, J.E Sutanto
ANALYSIS OF THE EFFECT OF PROMOTION, DISCOUNT, AND BRAND TRUST ON PERFUME PRODUCT PURCHASE DECISIONS IN SURAKARTA
This study aims to analyze the influence of promotion, discounts, and brand trust on purchasing decisions for perfume products in Surakarta. The background of this research is based on the increasingly competitive perfume industry, where businesses are required to implement effective marketing strategies to attract consumers and maintain market competitiveness. This research employed a quantitative approach using a survey method. Primary data were collected through questionnaires distributed to 100 respondents who had previously purchased perfume products in Surakarta. The sampling technique applied in this study was accidental sampling. Data analysis was conducted using multiple linear regression. Among the three independent variables, brand trust was identified as the most dominant factor influencing purchasing decisions, with the highest regression coefficient value of 0.56. Several statistical tests were also carried out, including classical assumption tests, partial t-tests, and coefficient of determination tests. The results of the study indicate that promotion, discounts, and brand trust each have a positive and significant effect on purchasing decisions. Furthermore, the coefficient of determination test showed an Adjusted R Square value of 0.885, which means that 88.5% of the variation in purchasing decisions can be explained by promotion, discounts, and brand trust, while the remaining 11.5% is influenced by other factors outside the scope of this study. In conclusion, promotion, discounts, and brand trust are important factors that should be considered by perfume business owners in developing effective marketing strategies to improve consumer purchasing decisions in Surakarta.
Copyright (c) 2026 Ellyco Onny Pamungkas, Suhesti Ningsih, Muhammad Cholis
DIGITAL TRANSFORMATION RESISTANCE AMONG ENGINEERING EMPLOYEES IN HIGH-RISE PROPERTY MANAGEMENT: THE ROLE OF UTAUT AND GENERATIONAL HETEROGENEITY
This study examines the effects of performance expectancy, effort expectancy, social influence, and facilitating conditions on digital transformation resistance among engineering employees in high-rise property management, while also assessing cross-generational heterogeneity. Using an explanatory quantitative design, data were collected through a survey of 150 respondents working in the Greater Jakarta area. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), followed by Measurement Invariance of Composite Models (MICOM) and Multi-Group Analysis (MGA). The pooled-sample results indicate that performance expectancy and effort expectancy have significant negative effects on digital transformation resistance, whereas social influence does not show a significant effect. Facilitating conditions exhibit a significant positive relationship and are therefore treated as an unexpected finding that requires theoretical caution. The study also finds that most respondents still operate within a hybrid digital-manual system, suggesting that resistance in this context is better understood as a burden of transition rather than as pure anti-technology rejection. Partial measurement invariance is supported only for the comparison between Generation X and Generation Z. Within this boundary, performance expectancy appears more salient for Generation X, whereas effort expectancy appears more salient for Generation Z. Findings involving Generation Y are treated as exploratory and are not used as a basis for strong generalization.
Copyright (c) 2026 Gusti Febriyanto, Cosmas G. Haryono, Teofilus Teofilus
BUILDING TRUST THROUGH DIGITAL SERVICE TOUCHPOINTS: THE IMPACT OF E-WOM, LIVE STREAMING, CUSTOMER EXPERIENCE, AND PROMOTION ON PURCHASE INTENTION
This research is to investigate the function of trust as a mediating variable between purchase intention and electronic word-of-mouth, live streaming, customer experience, and promotion in Makassar, Indonesia. In the context of real-time online commerce, this research aims to clarify the relationship between consumers' confidence in interactive digital marketing activities and their subsequent purchase behavior. A structured survey was sent out to 173 customers who had with live-streaming commerce platform, and a quantitative research technique was used using SmartPLS 4.1. According to the results, there is a strong relationship between electronic word-of-mouth, live streaming, customer experience, and promotion and consumer trust. Trust in turn, serves as a critical mediating mechanism linking digital service interaction with purchase intention. According to the findings, trust is enhancing user engagement and behavioral intention within live streaming commerce platforms. Therefore, digital service providers are encouraged to build trust through interactive communication, transparency, and service authenticity.
Copyright (c) 2026 Putri Sheila Amalia, Afrizal Firman
CLIMATE RISK MANAGEMENT AND SUSTAINABLE FINANCE: CHALLENGES IN INDONESIA’S GREEN BANKING SECTOR
Climate change poses significant risks to the banking sector, particularly in terms of asset stability and sustainable financing. Indonesia, as a developing country, faces unique challenges in implementing climate risk management and sustainable finance practices. This study employs a Systematic Literature Review (SLR) approach to identify, evaluate, and synthesize research on climate risk management and sustainable finance within Indonesia’s green banking sector. Data were collected from Scopus, Web of Science, ScienceDirect, Google Scholar, as well as official reports from OJK, World Bank, and NGFS, with inclusion criteria for articles published between 2017 and 2024. The review of 25 articles indicates that the main challenges include limited climate risk data, suboptimal integration of climate risks into bank risk management, low profitability of green financing, and inconsistent disclosure standards. The study concludes that enhancing technical capacity, regulatory harmonization, and transparency in reporting are essential to accelerate green banking implementation in Indonesia. This research also provides a basis for developing a more contextualized climate risk framework for national banks.
Copyright (c) 2026 Indira Shofia Maulida, Ruswaji Ruswaji, Indah Kurniyawati, Lilik Nurcholidah
EVALUATION OF THE KIRK PATRICK MODEL FOR ENTREPRENEURSHIP COURSES IN THE MANAGEMENT AND ACCOUNTING STUDY PROGRAM AT THE FACULTY OF ECONOMICS AND BUSINESS, UNIVERSITAS WIJAYA KUSUMA SURABAYA (UWKS)
This research provides a description of how the Kirkpatrick Evaluation Model is implemented in evaluating the Entrepreneurship Course for Management and Accounting students at the Faculty of Economics and Business, Universitas Wijaya Kusuma Surabaya. Evaluation tools varied across the model's four levels. The assessment of student outcomes, like business plan proposals, was conducted through performance evaluation. Adopting a mixed-methods descriptive design, the research applies qualitative and quantitative analysis, with an independent sample t-test used to examine differences. Participants included 60 students from the Management and Accounting Study Programs within the Faculty of Economics and Business at Universitas Wijaya Kusuma Surabaya. Data were gathered via closed questionnaires, and the reliability of these instruments was verified using Cronbach's Alpha. Student learning evaluation was obtained through performance assessment rubrics. The results indicate that the Kirkpatrick Evaluation Model in the Entrepreneurship Course Learning Program is highly effective, and there is no significant difference between students in the Management and Accounting study programs.
Copyright (c) 2026 Adrianto Trimarjono, Gimanto Gunawan, Djojo Dihardjo
THE EFFECT OF AUDITOR COMPETENCE, AUDITOR EXPERIENCE, AND AUDIT FEES ON AUDIT REPORT QUALITY AT PUBLIC ACCOUNTING FIRMS IN SURAKARTA CITY
This article examines how auditor competence, auditor experience, and audit fees relate to the quality of audit reports produced by public accounting firms in Surakarta City. Audit report quality is treated as a central indicator of professional audit performance because the audit report communicates the reliability of financial statements to external users and supports economic decision-making. The research applied a quantitative design using primary data obtained from structured questionnaires administered to auditors employed by public accounting firms in Surakarta City. From 72 questionnaires distributed, 50 responses were returned and considered suitable for analysis. The data were evaluated through instrument testing, classical assumption testing, multiple linear regression, the F-test, the t-test, and the coefficient of determination. The partial results show that auditor competence does not have a significant effect on audit report quality, auditor experience has a significant effect, and audit fees do not have a significant effect. Simultaneously, however, auditor competence, auditor experience, and audit fees jointly influence audit report quality. The adjusted R-square value of 0.247 demonstrates that the three predictors account for 24.7% of the variation in audit report quality, whereas 75.3% is attributable to factors beyond the model. The evidence emphasizes the practical importance of assigning experienced auditors, strengthening engagement supervision, and maintaining effective quality-control procedures within public accounting firms. Keywords : auditor competence; auditor experience; audit fees; audit report quality; public accounting firms.
Copyright (c) 2026 Tursina andrianingsih, Maya Widyana Dewi, LMS Kristiyanti
ANALYSIS OF THE RELATIONSHIP BETWEEN BRAND AWARENESS, BRAND IMAGE, AND REPURCHASE INTENTION AMONG CONSUMERS AGED 17–25 YEARS: A CASE STUDY OF THE SAMSUNG TECHNOLOGY ECOSYSTEM AS A HIGH-TECH BRAND
This study aims to examine and analyze the influence of Entertainment, Customization, Trendiness, Interaction, and Word of Mouth on Brand Awareness, as well as the impact of these five variables on Brand Image, followed by the effect of Brand Awareness and Brand Image on Repurchase intention among consumers aged 17–25 years of Samsung as a High-Tech Brand. The research model was developed based on previous studies and tested using a quantitative method with survey data. Data were collected from respondents aged 17–25 years who had used Samsung products. The sampling technique used purposive sampling, and data were obtained through online questionnaires. A total of 209 valid responses were analyzed using multiple linear regression. The results show that Entertainment, Customization, Interaction, and Word of Mouth significantly affect Brand Awareness, while Trendiness has no significant impact. Meanwhile, Entertainment and Customization significantly influence Brand Image, while Trendiness, Interaction, and Word of Mouth do not. Furthermore, both Brand Awareness and Brand Image significantly affect Repurchase intention. These findings indicate that enhancing brand-related content and strengthening brand positioning can increase consumer intention to repurchase Samsung products.
Copyright (c) 2026 MH. Galang Sabilillah, Yanuar Dananjaya
INTEGRATING FINANCIAL LITERACY INTO GEN Z'S PAYLATER CONSUMPTION AND FINANCIAL WELL-BEING: A CONCEPTUAL PAPER
This paper discusses how using Buy Now Pay Later (BNPL) affects the financial well-being of Generation Z in Indonesia. This comes at a time when digital financial services are rapidly growing and young consumers are spending more. The study aims to create a framework that explains the connection between PayLater usage, impulsive buying, financial literacy, and financial well-being. It uses a conceptual and explanatory method, including a thorough review of recent studies on fintech behavior, behavioral finance, and digital consumption trends. The findings show that using PayLater can lead to more impulsive buying. This is due to deferred payment options, the convenience of digital transactions, and strong online promotions. These factors may harm financial well-being by increasing stress, leading to high digital debt, weak spending habits, and reduced saving ability. However, financial literacy is seen as a protective factor. It can help lessen the negative impact of PayLater by promoting smarter financial choices and better money management among Generation Z. This paper adds to the understanding of fintech and behavioral finance in the context of Indonesia’s digital economy.
Copyright (c) 2026 Asterina Anggraini, Annisa Wardhani, Nuraeni Hadiati Farhani
THE INFLUENCE OF WORK DISCIPLINE, WORK MOTIVATION, AND LEADERSHIP SUPPORT ON THE CAREER DEVELOPMENT OF INDONESIAN NATIONAL POLICE PERSONNEL IN THE ICT DIVISION: THE ROLE OF EDUCATION AND DEVELOPMENT AS INTERVENING VARIABLES
This study aims to analyze the influence of work discipline, work motivation, and leader support on the career development of Indonesian National Police (Polri) personnel, with education and training as an intervening variable. The research employed a quantitative approach through a survey method using Structural Equation Modeling–Partial Least Squares (SEM-PLS) analysis. The results indicate that work discipline, work motivation, and leader support have a positive and significant effect on education and training, as well as on career development. Education and training were proven to mediate these relationships. These findings emphasize the importance of strengthening discipline, motivation, and leadership support, as well as optimizing education and training programs to support career development among Polri personnel.
Copyright (c) 2026 Robiah, Joseph MJ Renwarin, Bungaran Saing
EMPIRICAL ANALYSIS OF THE EFFECT OF ROA, OPERATING CASH FLOW, AND NET INCOME ON STOCK PERFORMANCE OF 10 IDX COMPANIES DURING 2021–2023
This study investigates the empirical effect of Return on Assets (ROA), Operating Cash Flow, and Net Income on Stock Returns of companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The research is motivated by the phenomenon of extreme stock price volatility observed in this timeframe. The population comprises all IDX-listed firms, with purposive sampling resulting in 10 companies observed over three years. Multiple linear regression analysis was conducted using SPSS software. The results reveal that ROA has a positive and significant effect on Stock Returns, with a significance value of 0.042. In contrast, Operating Cash Flow and Net Income do not show significant effects within the model. The Adjusted R-Square value of 0.347 indicates that the independent variables explain 34.7% of the variation in Stock Returns, while the remaining proportion is influenced by other factors outside the model. These findings highlight the importance of profitability indicators, particularly ROA, in explaining stock performance during periods of market volatility.
Copyright (c) 2026 Yudha Panji Wijayanto, Suprihati Suprihati, Rukmini Rukmini
THE INFLUENCE OF PRODUCT QUALITY, SERVICE QUALITY, AND BRAND AWARENESS TO PURCHASE INTENTION AT RESTAURANT KEDAIKOE BANJARMASIN
This study aims to analyze the factors influencing consumers’ purchase intention toward restaurant Kedaikoe in Banjarmasin. This research employs a quantitative approach using a survey method by distributing questionnaires to respondents who have visited or are familiar with restaurant Kedaikoe. The data were analyzed using statistical analysis to examine the relationship between the research variables and consumers’ purchase intention. The results indicate that the examined factors influence consumers’ purchase intention, which ultimately affects the number of visits to the restaurant. This study is expected to provide insights for restaurant management in better product qualities, service qualities and brand awareness to increase purchase intention and attract more visitors.
Copyright (c) 2026 Marcelina Dinata, Kezia Caroline, J.E Sutanto
THE INFLUENCE OF FINANCIAL LITERACY, FINANCIAL EFFICACY, AND INVESTMENT KNOWLEDGE ON INVESTMENT INTEREST IN THE CAPITAL MARKET AMONG STUDENTS OF THE FACULTY OF ECONOMICS AND BUSINESS, AAS INDONESIA BUSINESS TECHNOLOGY INSTITUTE
This study aims to analyze the influence of financial literacy, financial efficacy, and investment knowledge on investment interest in the capital market among students of the Faculty of Economics and Business, AAS Indonesia Institute of Business Technology. This study used a quantitative method with a sample of 88 respondents and a sampling technique using Slovin. The data analysis technique used was multiple linear regression with the help of the SPSS program. The results showed that investment knowledge influenced investment interest, while financial literacy and financial efficacy did not. Simultaneously, the three independent variables influenced the dependent variable, namely investment interest. Thus, it can be concluded that the most dominant factor influencing investment interest is investment knowledge.
Copyright (c) 2026 Dela Setiarini, Suprihati, Agus Subekti
BOARD GENDER DIVERSITY, CORPORATE REPUTATION, AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE: EVIDENCE FROM SRI-KEHATI INDEX COMPANIES
This study aims to examine the impact of Board of Directors Gender Diversity and Corporate Reputation on CSR Disclosure among companies listed on the SRI-KEHATI index on the Indonesia Stock Exchange for the period 2019-2024. The research sample was selected through a purposive sampling technique, focusing on companies listed on the SRI-KEHATI index. The study used multiple linear regression to analyze the data. The results showed that Board of Directors Gender Diversity had no significant effect on CSR Disclosure, while Corporate Reputation showed a positive and significant effect on CSR Disclosure. These results indicate that corporate reputation is a factor that motivates companies to increase transparency in their social responsibility disclosure, while gender diversity on the company's board of directors does not directly affect the level of CSR disclosure. This study adds to existing research on corporate governance and corporate social responsibility, particularly in terms of how corporate reputation can encourage transparency in CSR reporting.
Copyright (c) 2026 Mutiara Rachma Ardhiani, Fairuza Arindra
TAX AVOIDANCE AND FINANCIAL DISTRESS: A THREAT TO FIRM QUALITY?
Tax avoidance has become an ongoing issue because it has a negative social impact on a country. Unlike previous studies that examined the direct effects of tax avoidance, this study adds financial distress as a moderating variable. In this regard, this study aims to obtain empirical evidence regarding the effect of corporate tax avoidance on firm quality. This study focuses on the consumer cyclical sector and uses secondary data obtained from firms’ financial reports. The analysis method used is moderated multiple linear regression analysis. The results show that tax avoidance has a significant negative effect on firm quality. Financial distress acts as a quasi-moderator, in which this condition strengthens the negative relationship between tax avoidance and firm quality, and has a positive effect on firm quality itself. Theoretically, this study enriches the tax avoidance literature by examining its impact on corporate quality, particularly in conditions of financial distress. Practically, the findings of this study also provide guidance for management to balance tax avoidance strategies with the internal conditions of the company.
Copyright (c) 2026 Nicklaus Stanley, Luky Patricia Widianingsih
MAPPING THE ORGANIZATIONAL CHANGE LANDSCAPE: A SYSTEMATIC LITERATURE REVIEW OF CHANGE CLASSIFICATIONS AND THEIR CHARACTERISTICS
This research aims to map and combine modern typologies and definitions of organizational change based on a systematic literature review (SLR) in Scopus-registered literature from 2015 to 2025. Utilizing the PRISMA 2020 protocol, twenty research papers were thematically analyzed to understand conceptual trajectories and typological shifts in the literature on organizational change. The analysis identifies five distinct and broad typologies of change consisting of planned, emergent, incremental, transformational, and adaptive/hybrid, with flares to their boundaries. This study highlights a shifting paradigm towards adaptive and learning-based model from control and linear, to agility, digital transformation and resilience. Through the conceptual integration of classical and contemporary typologies and definitions, organizational change is shifted from being one discrete event to a continuous strategic capability. This review provides an elaborate conceptual mapping that draws the most theoretical learning and implications for adaptive leadership and sustainable organizational development.
Copyright (c) 2026 Yesika Isma W, Anang Kistyanto, Jun Surjanti, Dwiarko Nugrohoseno
EFFECT OF E-AUDIT, AI, AND BIG DATA ANALYTICS ON AUDIT QUALITY: EMPIRICAL STUDY AT BPK RI
This investigation purposes to obtain empirical evidence regarding the effects of e-audit, Artificial Intelligence (AI)-based audit technology, and Big Data Analytics (BDA) on financial audit quality at the Audit Board of the Republic of Indonesia (BPK RI). Primary data were gathered through structured questionnaires administered to BPK RI auditors, and respondents were selected via simple random sampling based on the Slovin formula with a ten-percent margin of error. Quantitative analysis was conducted utilizing IBM SPSS version 27, encompassing descriptive statistics, data quality tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The study establishes that both e-audit and Big Data Analytics (BDA) exert a statistically positive and significant effect on audit quality. In contrast, AI-based audit technology did not demonstrate a statistically positive and significant effect on audit quality. Keywords : e-Audit, Artificial Intelligence (AI)-Based Audit Technology, Big Data Analytics, Audit Quality
Copyright (c) 2026 Tabita Salsabilla, Edy Supriyono
THE EFFECT OF FIRM CHARACTERISTICS ON FINANCIAL PERFORMANCE OF NON-FINANCIAL FIRMS LISTED IN THE KOMPAS 100 INDEX (2015–2024)
The increasingly complex business environment demands companies to adopt appropriate strategies, which can be reflected through their corporate characteristics. This study aims to analyze the influence of corporate characteristics on financial performance among non financial companies listed in the Kompas 100 Index during the 2015–2024 period. A quantitative research method with regression analysis is employed, wherein the corporate characteristic variables consist of financial reporting quality, firm age, capital structure, firm size, liquidity, ratio of tangible fixed assets, and revenue growth. The research sample comprises 177 companies included in the Kompas 100 Index over a ten-year period, resulting in a total of 858 observations. The findings reveal that revenue growth has a significant effect on the companies’ financial performance, while results for the other variables vary. The study concludes that corporate characteristics play a role in explaining variations in financial performance and may serve as important considerations in corporate business strategy development. Keywords: Firm Characteristics, Growth, Capital Structure, Financial Reporting Quality, Financial Performance
Copyright (c) 2026 Elisabeth Caroline Pawan, Yanuar Dananjaya
ANALYSIS OF PROFITABILITY AND COMPANY SIZE ON DIVIDEND POLICY
The goal of is to investigate the relationship between dividend policy and company size on profitability. The research sample is the financial reports of several companies during the observation period. Data analysis through SPSS multiple linear regression analysis. Research findings prove dividend policy has a positive significant impact on profitability. The idea that net income serves as the primary basis for determining dividend distribution is supported by these findings. On the other hand, company size has no visible impact on dividend policy. Although it is generally believed that larger companies have more stable operations it is not always a primary consideration when determining dividend policy. This proves that a company's profit-creating ability has a greater affect on dividend distribution decisions than the size of its total assets. Therefore, profitability has a greater influence than company size.
Copyright (c) 2026 Bayu Adi, As’adur Rofik, Sheli Rachmawati
THE ACCOUNTING ROLE OF PUBLIC SECTOR MANAGEMENT IN SUPPORTING GOOD GOVERNANCE
Public sector organizations are synonymous with government or business entities to perform public services. Management accounting is a field of accounting whose focus is to help management make plans for logical economic goals and make decisions. This research aims to find out how public sector management accounting plays a supporting role good governance. This research is a qualitative descriptive research, with research methods whose data sources come from literature studies, namely from various references. The research results obtained are based on various studies that public sector management accounting, with its various tasks in terms of planning, budgeting, control and evaluation, plays an important role in realizing good governance (good governance), which includes the principles of accountability, transparency, effectiveness and efficiency. Keywords: management accounting, good governance, public sector.
Copyright (c) 2026 Maria Yesika Silvi Pradipta, LMS Kristiyanti
DETERMINANTS OF THE QUALITY OF GOVERNMENT FINANCIAL REPORTS: MODERATION OF HUMAN RESOURCE COMPETENCE AT THE SURAKARTA CITY BPKAD
This study was conducted with the aim of partially determining the effect of understanding government accounting standards and internal control systems on the quality of financial reports with human resource competency as a moderating variable at the BPKAD of Surakarta City. The population was all 85 employees working at the BPKAD of Surakarta City. The sampling technique used purposive sampling, resulting in a sample of 74 employees. This type of research is quantitative with primary data. Data collection techniques used questionnaires. Data analysis methods used descriptive respondent data, validity tests, reliability tests, and classical assumption tests (normality tests, multicollinearity, heteroscedasticity, and autocorrelation). Hypothesis testing used multiple linear regression tests, F tests, t tests, coefficient of determination tests (adjusted R2) and moderated regression analysis tests. The results of this study are that partially understanding government accounting standards has a positive and significant effect on the quality of financial reports, internal control systems have a positive and significant effect on the quality of financial reports, human resource competency cannot strengthen the effect of understanding government accounting standards on the quality of financial reports, and human resource competency cannot strengthen the effect of internal control systems on the quality of financial reports. Keywords: Financial Report Quality, Human Resource Competence, Internal Control Systems, Understanding of Government Accounting Standards.
Copyright (c) 2026 Anita Nurhidayah, Maya Widyana Dewi, Desy Nur Pratiwi
THE EFFECT OF BRAND AWARENESS, LOCATION, AND SOCIAL MEDIA PROMOTIONS ON PURCHASING DECISIONS AT KEMARII! TRADITIONAL MODERN RESTAURANT
This study aims to analyze the effect of brand awareness, location, and social media promotion on purchasing decisions at Kemarii! Traditional Modern Restaurant. This study uses a quantitative approach with primary data obtained through the distribution of digital questionnaires using Google Forms. The population in this study is all consumers of Kemarii! Traditional Modern Restaurant, the number of which is unknown, so it is categorized as an infinite population. The sampling technique used non-probability sampling with the purposive sampling method. The sample size was determined using the 10-times rule, so that with 18 questions, 180 respondents were obtained as the research sample. Based on the results of the study, it was found that brand awareness, location, and social media promotion had a positive and significant effect on purchasing decisions. Therefore, restaurant managers are advised to strengthen marketing strategies that focus on increasing brand awareness and optimizing promotion through social media to attract consumer interest.
Copyright (c) 2026 Samuel Lie, Dicky Junartha Wirawan, J.E Sutanto
THE ROLE OF INNOVATION CAPABILITY IN ENHANCING SME COMPETITIVE ADVANTAGE: EVIDENCE FROM INDONESIA'S DIGITAL ECONOMY
The rapid advancement of digital technologies has intensified competition among Small and Medium Enterprises (SMEs), requiring firms to continuously innovate, respond effectively to market changes, and leverage organizational knowledge to sustain competitive advantage. Although previous studies have examined these factors independently, limited research has investigated the integrated effects of open innovation, market orientation, and knowledge management on competitive advantage through innovation capability, particularly in emerging economies. This study examines the direct and indirect relationships among these variables using survey data collected from 200 Indonesian SMEs operating in manufacturing, trade, and service sectors. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that open innovation (β = 0.284), market orientation (β = 0.317), and knowledge management (β = 0.298) positively and significantly influence innovation capability. Furthermore, innovation capability significantly enhances competitive advantage (β = 0.412) and partially mediates the effects of the three antecedent variables. The model explains 68.4% of the variance in innovation capability and 74.1% of the variance in competitive advantage. These findings highlight innovation capability as a strategic mechanism that transforms knowledge resources, external collaboration, and market intelligence into sustainable competitive advantage in an increasingly digital economy.
Copyright (c) 2026 Bangun Prajadi Cipto Utomo, Tri Djoko Santosa, Ilham Sentosa
THE EFFECT OF DISCOUNTS, PROMOTIONS, AND ALGORITHM RECOMMENDATIONS ON IMPULSIVE BUYING BEHAVIOR OF NON-HALAL FOOD ON THE GOFOOD APPLICATION IN SURABAYA
This research seeks to investigate the impact of discount, promotion, and algorithm recommendation on impulsive buying of non-halal food through GoFood application in Surabaya. This research applies a quantitative approach using non-probability sampling with a purposive sampling technique. To be eligible for this study, participants had to meet the following requirements that include customers who have experience purchasing non-halal food through GoFood and actively use the application. Information was gathered via online. A total of 200 participants received and completed the research instrument and the gathered information was processed with the SPSS program. The results indicate that discount, promotion, and algorithm recommendation significantly influence consumers' impulsive buying behavior when purchasing non-halal food through the GoFood application in Surabaya.
Copyright (c) 2026 Aurelia Tiffany Hereynzeta, Jessica Angeline Fonda, J. E Sutanto
THE INFLUENCE OF ORGANIZATIONAL CULTURE, INTERNAL COMMUNICATION, AND WORK DISCIPLINE ON EMPLOYEE PERFORMANCE AT THE TRANSPORTATION DEPARTMENT OF BANDAR LAMPUNG CITY
Employee performance is a key factor in the effectiveness of public organizations, especially in service-oriented agencies such as the Transportation Agency of Bandar Lampung City. Organizational culture, internal communication, and work discipline are suspected to play a strategic role in shaping work behavior and employee productivity. This study aims to assess the influence of organizational culture, internal communication, and work discipline on employee performance, both individually and collectively. A survey approach is employed in conjunction with an explanatory quantitative research method. Data were subjected to classical assumption tests, reliability tests, validity tests, and multiple linear regression analysis. (1) Organizational culture positively and significantly impacts employee performance; (2) Internal communication positively and significantly affects employee performance; (3) Work discipline positively and significantly influences employee performance; and (4) Organizational culture, internal communication, and work discipline collectively have a significant effect on employee performance. Work discipline was proven to be the most dominant variable affecting performance.
Copyright (c) 2026 Saskia Indah Prameswari
ANALYSIS OF PROFITABILITY AS A MEDIATING VARIABLE IN THE INFLUENCE OF INVESTMENT DECISION AND DEBT POLICY ON THE COMPANY VALUE OF NON-FINANCIAL AND SERVICE SECTOR FIRMS LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) FOR THE PERIOD 2021-2024
This research examines the impact of profitability, as an intermediary variable, on the correlation between investment choices and debt policies on firm value in the non-financial and service industries listed on the Indonesia Stock Exchange (IDX) from 2021 to 2024. Secondary data from the company's annual reports were analyzed using multiple linear regression. The study findings indicate that profitability serves as a crucial mediator in enhancing the company's worth. Investors who base their investment decisions on favorable profitability forecasts and prudent debt management may increase the company's worth. This study underscores the need for effective management strategies to oversee investments and loans to enhance corporate value.
Copyright (c) 2026 Mohamad Afrizal Miradji, Wahyu Ari Andrianto, M.Adhi Prasnowo
FINANCIAL PERFORMANCE OF SHARIA COMMERCIAL BANKS IN INDONESIA
The financial performance of Islamic banks with profitability is a benchmark for success in managing finances in good conditions or under financial pressure. The purpose of this study is to explain the financial performance of Islamic banks in Indonesia during and after the Covid-19 pandemic. This research method uses a quantitative approach with paired sample t-test analysis techniques to analyze differences in financial performance during and after the covid-19 pandemic. The population in this study is 14 Islamic commercial banks in Indonesia, this number is also used as a research sample with saturated sample technique because the number is relatively small. The data used are the combined financial statements of Islamic commercial banks in Indonesia during the covid-19 pandemic, namely 2021-2022 and after the covid-19 pandemic in 2023-2024. The tool used to help with the analysis is JAMOVI.
Copyright (c) 2026 Taudlikhul Afkar, Widiar Onny Kurniawan, Fauziyah, Ferry Hariawan, Nurin Putri Andini
THE EFFECT OF OCCUPATIONAL STRESS AND HYGIENE FACTORS ON THE TURNOVER INTENTION WITH JOB SATISFACTION AS A MEDIATING VARIABLE OF WAITSTAFF IN JAKARTA AND SYDNEY
Businesses in Indonesia and Australia continue to struggle with the high employee turnover in the Hospitality & Accommodation and Food Services industries, especially among waitstaff, a workforce that is often underappreciated but has significant economic value. This study examines the impact of occupational stress and hygiene factors on turnover intention, with job satisfaction as a mediating variable, among 219 waitstaff in Jakarta and Sydney. Using a quantitative approach with the Partial Least Squares Structural Equation Modeling (PLS-SEM), the results of this study show that hygiene factors significantly and negatively influence turnover intention, and significantly and positively affect job satisfaction in both cities. Occupational stress was eliminated from the model due to insufficient valid indicators, and job satisfaction did not significantly mediate any relationship. These findings emphasize hygiene factors as the key factor for reducing waitstaff turnover in both cities.
Copyright (c) 2026 Jayson Alexander Kusuma, Gracia Ongkowijoyo, Kartikasari Gunawan
THE INFLUENCE OF LIVE STREAMERS AND INFLUENCERS ON IMPULSIVE BUYING AMONG CIPUTRA SCHOOL OF BUSINESS MAKASSAR STUDENTS
This research analyzes the influence of Live Streamers and Influencers on Impulsive Buying behavior among Ciputra School of Business (CSB) Makassar students. Using a quantitative approach, the primary data was collected through an online survey using the Google Form tool which had 100 active students as respondents. This research focuses on how Live Streamers and Influencers can affect Impulsive Buying; with data analysis used in the research is Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results show a significant positive relationship between Influencer and Impulsive Buying. However, in contrast to previous studies, Live Streamers showed a negative relationship to Impulsive Buying. This indicates that respondents prioritize a product’s value compared to the characteristics of the Live Streamer broadcasting the stream. These findings provide new insight into the impact of digital marketing strategies on student consumer behavior. Furthermore, the findings also provide guidance for businesspeople to design more effective strategies to promote their products.
Copyright (c) 2026 Afrizal Firman, Gwyneth Rachel Sentosa, Angelina Jocelyn Djunaidy, Liong Kellen, Mustika Kusuma Basir
THE EFFECTS OF CONTRACT TRANSPARENCY, INCENTIVES, AND RE-EMPLOYMENT EXPECTATION (REE) ON THE WORK COMMITMENT OF OUTSOURCING EMPLOYEES IN THE BRAND ACTIVATION INDUSTRY: A CASE STUDY OF PT PRADIPTA ADHI CIPTA
The increasing use of outsourcing labor in Indonesia, particularly in the brand activation industry, has raised concerns regarding work commitment among outsourcing employees due to issues related to contract clarity, incentives, and future employment opportunities. This study aims to examine the effects of contract transparency, incentives, and re-employment expectation (REE) on the work commitment of outsourcing employees at PT Pradipta Adhi Cipta. The study employed a quantitative approach with an explanatory research design. Data were collected through online questionnaires distributed to outsourcing employees who had participated in brand activation programs during the 2025–2026 period. A total of 255 valid responses were analyzed using multiple linear regression with SPSS. The analysis included validity, reliability, classical assumption tests, t-test, F-test, and coefficient of determination (R2). The results indicate that contract transparency, incentives, and re-employment expectation have positive and significant effects on employee work commitment, both partially and simultaneously. These findings suggest that contract clarity, appropriate incentives, and future employment opportunities play important roles in strengthening the work commitment of outsourcing employees in project-based work environments.
Copyright (c) 2026 Linda Dwi Rafika, Bisma Jatmika Tisnasasmita, Natalia Christiani
THE INFLUENCE OF TASTE, BRAND IMAGE, AND SOCIAL MEDIA MARKETING ON CONSUMER SATISFACTION AT SOTO KAPULOGO RESTAURANT
This research focuses on evaluating how taste, brand image, and social media marketing collectively influence consumer satisfaction at Soto Kapulogo restaurant in Surabaya. Utilizing a quantitative methodology, empirical data were gathered through instrument administered to a sample of 163 participants. A purposive sampling technique, within a non-probability framework, was utilized to select respondents based on specific criteria: a minimum of two visits to the restaurant, an age range of 17–31 years, and an active Instagram account. To examine the influence between variables, this study applied multiple linear regression techniques facilitated by SPSS software. Empirical findings confirm that all three independent variables significantly influence consumer satisfaction, both partially and simultaneously, with the regression model accounting for 55.3% of the observed variance. These findings suggest that prioritizing flavor quality, brand identity, and digital engagement is vital for bolstering customer satisfaction. Additionally, this research supports the advancement of SDG 8 by fostering economic growth within the culinary sector.
Copyright (c) 2026 Madeline Fanny Effensia, Feliciana Sulimto, J.E Sutanto
THE EFFECT OF LIQUIDITY AND LEVERAGE ON FINANCIAL DISTRESS WITH GOOD CORPORATE GOVERNANCE AS A MODERATING VARIABLE IN MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE
This study's goal is to investigate how leverage and liquidity ratios affect financial crisis, with sound corporate governance acting as a moderating factor. This study uses an associative technique and a quantitative approach. Secondary data from the financial statements of businesses listed between 2020 - 2024 on the IDX makes up the data utilized. The sample was chosen via purposeful sampling. Forty yearly financial reports were examined in this study. The data analysis included both moderated regression analysis and multiple linear regression. The results show that financial hardship is positively and significantly impacted by liquidity and leverage. The link between liquidity, leverage, and financial distress is not moderated by GCG (Independent Commissioners). Leverage and liquidity have a 16.8% impact on financial distress.
Copyright (c) 2026 Inayatul Maula, Acep Komara
DETERMINANTS OF FINANCIAL DISTRESS IN INDONESIAN TEXTILE AND GARMENT COMPANIES EVIDENCE FROM 2017– 2019
This study investigates the determinants of financial distress in Indonesian textile and garment firms listed on the Indonesia Stock Exchange during the 2017–2019 period. Specifically, it examines the effects of profitability (Return on Assets), liquidity (Current Ratio), leverage (Debt-to-Total-Assets Ratio), and activity (Fixed Asset Turnover) on the likelihood of financial distress. Using a quantitative approach, this study analyzes secondary data from 18 firms, resulting in 54 firm-year observations. Financial distress is proxied using the Altman Z-score and transformed into a binary variable. Logistic regression is employed to test both individual and joint effects of the explanatory variables. The findings reveal that liquidity and activity ratios significantly influence financial distress, while profitability and leverage do not exhibit significant individual effects. However, all variables jointly explain financial distress. The model demonstrates acceptable goodness of fit, with a Hosmer–Lemeshow significance of 0.538, classification accuracy of 79.6%, and a Nagelkerke R² of 0.476. These results suggest that short-term solvency and asset utilization efficiency play a more critical role than profitability and leverage in explaining financial distress in Indonesian manufacturing firms. This study contributes to the financial distress literature by providing industry-specific evidence from an emerging-market context and highlighting the importance of operational efficiency and liquidity management in asset-intensive industries.
ANALYSIS OF THE DEVELOPMENT POTENTIAL OF THEMATIC CREATIVE ECONOMY SECTORS TO SUPPORT ECONOMIC GROWTH AND COMMUNITY WELFARE IN SURAKARTA CITY
This study explore the development potential of thematic creative economy sectors in Surakarta, including batik, handicrafts, culinary products, and design, to support economic growth and enhance community welfare. The research is motivated by the transition from a resource-based economy to one driven by creativity, innovation, and knowledge. As a city with a strong cultural identity and rich artistic heritage, Surakarta has significant opportunities to strengthen the competitiveness of its creative industries. A descriptive qualitative approach was employed, with data collected through interviews, observations, and documentation. The data were analyzed using descriptive analysis, SWOT analysis, and the Analytical Hierarchy Process (AHP) to identify development priorities and formulate strategic recommendations. The study examines the characteristics and potential of creative economy subsectors, identifies challenges in developing thematic creative economy zones, and proposes an integrated and sustainable development framework. The findings provide insights for policymakers and stakeholders in designing effective development strategies. These strategies are expected to enhance regional competitiveness, strengthen local cultural identity, create employment opportunities, and promote inclusive and sustainable economic development in Surakarta.
Copyright (c) 2026 Herwiyanto, Inna Nur Rokhmah, Aziz Baizuri, Iin Emy Prastiwi, Nahla Emy Prastiwi
EXPLORING GREEN PURCHASE INTENTION USING A SYSTEMATIC LITERATURE REVIEW
This study presents a systematic literature review on green purchase intention behaviour. From an initial pool of 26 journals, 16 were selected for in-depth analysis. The review reveals that most studies adopt the Theory of Planned Behaviour (TPB). Online survey methods and PLS-SEM were commonly employed for data collection and analysis. The findings show that environmental self-identity and positive attitudes toward eco-friendly products are the strongest predictors of green purchase intention, while personal norms and value-driven motivations also play significant roles. Sociodemographic factors, such as age, gender, and cultural background, are identified as important moderators. Future research should consider incorporating the Self-Determination Theory (SDT) to explore intrinsic and extrinsic motivations, the Protection Motivation Theory (PMT) to assess the role of perceived environmental threats, and the Diffusion of Innovations Theory (DOI) to examine adoption patterns based on consumer categories. Expanding research to cross-national contexts and integrating broader socio-cultural variables could further enhance understanding. This synthesis provides valuable insights for researchers in designing effective strategies to promote environmentally friendly purchasing decisions.
Copyright (c) 2026 Maria Cempaka Putri Wijayanto, Elisabet Dita Septiari
THE EFFECT OF PRODUCT QUALITY AND PRICE ON CUSTOMER LOYALTY MEDIATED IN MILKFISH PURCHASE DECISIONS INFLUENCE OF PRODUCT QUALITY AND PRICE ON CUSTOMER LOYALTY, WITH THE ROLE OF PURCHASE DECISIONS REGARDING BANDANG FISH
The aim to analyze the effect quality of product product, price on loyalty of customer, with purchase decisions as a variable of mediating. Case study on milkfish customers at the Gresik Fish Auction Market. Study design/methodology/approach: The sample was determined used a purposive of sampling and respondents total 152. The analyzed of data using SEM PLS with SmartPLS 4.0. Findings: that first hypothesis of product quality: it’s a positive and significant effect on customer loyalty; second, price: it’s a positive and significant effect on purchase decisions; third, price: it’s a positive and significant effect on customer loyalty; fourth, purchase decisions it’s a positive and significant effect on customer loyalty; and fifth, price has a positive and significant effect on loyalty of customer mediated by purchase decisions. Originality/value: This research provides empirical evidence that product quality directly forms loyalty in traditional market commodities without needing a complex decision process. It is hoped that the results will be useful for local fish entrepreneurs to formulate effective pricing and quality control strategies.
Copyright (c) 2026 M Sobih Almuayyat, J.E Sutanto
THE INFLUENCE OF TRANSGENERATIONAL SUCCESSION INTENTION ON SUCCESSION PLANNING: THE MODERATING ROLE OF RELATIONSHIP QUALITY BETWEEN FAMILY CEO AND SUCCESSOR
This study examines the effect of transgenerational succession intention on the level of succession planning in family businesses in Indonesia by incorporating the quality of the relationship between the family CEO and the successor as a moderating variable. Grounded in socioemotional wealth theory and relational systems theory, this research posits that the combination of an orientation toward preserving socioemotional wealth and a high-quality incumbent–successor relationship will foster more formal and structured succession planning. A quantitative approach is employed through a survey of members of the UC Family Business Community using purposive sampling of 200 respondents, with data collected via an online questionnaire using a five-point Likert scale and analyzed with PLS-SEM in SmartPLS. The findings show that all constructs exhibit adequate validity and reliability, and that both transgenerational succession intention and relationship quality have a positive and significant effect on the level of succession planning. Furthermore, high relationship quality strengthens the influence of transgenerational succession intention on succession planning, underscoring the importance of simultaneously managing transgenerational motivation and emotional professional relationships to ensure sustainable succession planning in family businesses.
Copyright (c) 2026 Humaidatul Abdillah, Metta Padmalia
THE EFFECT OF PROFITABILITY AND LEVERAGE ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE IN CONSUMER NON-CYCLICAL FIRMS
This study aims to measure the impact of profitability and leverage on firm value, with institutional ownership serving as a moderator variable. Focusing on companies in the Non-Cyclical Consumer Goods sector listed on the Indonesia Stock Exchange from 2022 to 2024, this study employs a quantitative associative approach and uses secondary financial data. Through purposive sampling, this study analyzes 36 firm-year observations using SPSS 25 via multiple linear regression and moderated regression analysis. Empirical findings indicate that profitability (ROA) positively and significantly influences firm value (Tobin’s Q). Similarly, leverage (DER) exerts a positive and significant effect on firm value in the baseline model. Moderation analysis reveals that institutional ownership strengthens the relationship between profitability and firm value, but does not significantly moderate the effect of leverage. The uniqueness of this study lies in its focus on the Non-Cyclical Consumer Goods sector amid recent economic changes. These results suggest that future research should incorporate additional corporate governance indicators and cross-industry comparisons to better identify the drivers of firm value.
Copyright (c) 2026 Kholid Ubaedillah, Erwin Budianto, Agustina
CORPORATE GOVERNANCE STRUCTURE ON THE FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES IN THE CONSUMER GOODS INDUSTRY SECTOR
This study aims to analyze the influence of corporate governance structure on financial performance in manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) in 2024. Corporate governance structure in this study is proxied by the board of commissioners and audit committee, while financial performance is measured using Return on Assets (ROA). Furthermore, company size is used as a control variable to minimize the influence of external factors outside the research model. This study uses secondary data obtained from annual financial statements and company annual reports published on the official IDX website. The sampling method was carried out using a purposive sampling technique, resulting in 82 companies as research samples. The data analysis technique used was multiple linear regression with prior descriptive statistical analysis and classical assumption tests. The results of the study indicate that simultaneously, the board of commissioners, audit committee, and company size have a significant effect on financial performance. Partially, the board of commissioners has no significant effect on company financial performance, while the audit committee has a positive and significant effect on company financial performance. The control variable of company size is also proven to have a positive and significant effect on company financial performance. These findings indicate that audit committee effectiveness and company size play an important role in increasing the profitability of consumer goods companies.
Copyright (c) 2026 Cyntia Carolina Sugiarto, Ni Nyoman Sri Rahayu Damayanti, Luh Putu Lusi Setyandarini Surya
THE EFFECT OF HEDONIC MOTIVATION AND VISUAL MERCHANDISING ON IMPULSE BUYING WITH POSITIVE EMOTION AS A MEDIATION VARIABLE ON OH SOME STORE CONSUMERS IN SAMARINDA CITY
This study aims to analyze the influence of hedonic motivation and visual merchandising on impulse buying with positive emotion as a mediating variable among OH SOME Store consumers in Samarinda City. The study used a quantitative approach with a purposive sampling technique on 136 respondents who had shopped at OH SOME Store Samarinda. Data collection was conducted through a questionnaire using a Likert scale and analyzed using the Partial Least Square-Structural Equation Modeling (PLS-SEM) method. The results showed that hedonic motivation had a positive and significant effect on impulse buying and positive emotion. Positive emotion was also proven to have a positive and significant effect on impulse buying. Meanwhile, visual merchandising did not have a significant direct effect on impulse buying, but had a positive and significant effect on positive emotion. In addition, positive emotion was able to mediate the influence of hedonic motivation and visual merchandising on impulse buying. The implications of this study indicate that retail companies need to create a pleasant shopping experience by strengthening consumers' emotional aspects, developing attractive store visual concepts, and experiential marketing strategies to increase consumer impulse buying.
Copyright (c) 2026 Nirmala Putri Dinanti, Gusti Noorlitaria Achmad
UNDERSTANDING BUDGET INNOVATION'S PARADOXICAL EFFECTS ON MANAGERIAL PERFORMANCE IN DEVELOPING COUNTRY CONTEXT
Despite widespread promotion of budgetary innovation in developing countries, empirical evidence reveals contradictory performance outcomes that remain inadequately explained. This study investigates budgetary innovation's paradoxical effects on managerial performance in developing country public sectors. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) with data from 230 structural officials across 27 Indonesian government agencies in Merauke Regency (100% response rate), we find that budgetary innovation produces significant negative direct effects on managerial performance (β = -0.156, p = 0.013) while simultaneously generating equally strong positive indirect effects through enhanced job satisfaction (β = +0.156, p < 0.001), resulting in complete offsetting with near-zero net impact. Grounded in the Job Characteristics Model and Affective Events Theory, findings demonstrate that innovations disrupt performance through operational challenges, learning demands, and resource constraints while enhancing performance through improved work meaningfulness, autonomy, skill variety, and feedback mechanisms. The paradox reconciles contradictory evidence in existing literature and suggests public sector leaders should anticipate temporary performance decrements while deliberately investing in participatory implementation, comprehensive training, and satisfaction enhancement strategies to achieve net positive outcomes in resource-constrained developing country contexts.
Copyright (c) 2026 Okto Irianto, Fenty Yoseph Manuhutu, Andi Mattulada, Muliati Muliati, Rudy Usman
TAXPAYER PERCEPTIONS OF THE IMPLEMENTATION OF THE CORE TAX ADMINISTRATION SYSTEM (CTAS) AND ITS IMPLICATIONS FOR ANNUAL TAX RETURN REPORTING COMPLIANCE AT THE SURAKARTA PRIMARY TAX OFFICE
This study aims to examine taxpayers’ perceptions of the implementation of the Core Tax Administration System (CTAS) and its implications for compliance with Annual Tax Return (Surat Pemberitahuan/SPT Tahunan) reporting at the Surakarta Primary Tax Office (KPP Pratama Surakarta). The study is motivated by the implementation of CTAS as a form of digital-based tax administration modernization expected to enhance service efficiency and taxpayer compliance. This research employed a qualitative approach using a descriptive method. Data were collected through interviews, observations, and documentation involving 10 informants consisting of four corporate taxpayers and six individual taxpayers who had used CTAS. Data analysis utilized the interactive model of Miles, Huberman, and Saldaña, which includes data reduction, data display, and conclusion drawing, while data credibility was tested through source and technique triangulation. The findings indicate that the implementation of CTAS is positively perceived by taxpayers as it is considered more modern, practical, and supportive of tax administration processes through integrated data features and automatic validation. Nevertheless, several technical obstacles remain, including slow server performance, login failures, and delays in one-time password (OTP) verification. Furthermore, the implementation of CTAS has positive implications for Annual Tax Return reporting compliance, as a more practical and flexible system encourages taxpayers to become more disciplined and timely in fulfilling their tax reporting obligations.
Copyright (c) 2026 Desi Novitasari, Wikan Budi Utami, Suprihati