Journal Research of Social Science, Economics, and Management
Journal Title: Journal of Research of Social Science, Economics, and Management E-ISSN : 2807-6311 P-ISSN : 2807-6494 DOI : 10.36418 Frequency : Monthly Indexing and Abstracting : Google Scholar, Dimensions - Road - Crossref - Garuda -- Scilit- Ebsco Publication Guidelines : COPE Guidelines Publisher : Publikasi Indonesia (AHU-0058047-AH.01.14 Tahun 2021) 1st Issues of Publication: 2021 Journal of Research of Social Science, Economics, and Management is an international interdisciplinary publication of original research and writing on social science, economic and management. This journal is can be accessed openly. Journal Research of Social Science, Economics, and Management provides a means for ongoing discussion of relevant issues that fall within the focus and scope of the journal that can be empirically examined. This journal publishing innovative theory-driven research papers in the selected areas of social sciences i.e., management and economics. Journal has become a member of Crossref (Prefix: 10.46799) with Online ISSN 2807-6311 and Print ISSN 2807-6494. Beginning with issue 1 of volume 1 (2021), this journal will be published monthly journal (12 issues/year) by Publikasi Indonesia.
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Transmission Spare Parts Inventory Management Strategy Based on Poisson Demand Estimation and Inter-Warehouse Coordination Through Risk Pooling
Spare parts inventory management, particularly for slow-moving transmission components, presents a significant challenge for utility companies due to unpredictable and infrequent demand patterns, high asset value, and the need to maintain operational reliability. Excessive inventory levels tie up substantial working capital, increase carrying costs, and elevate the risk of obsolescence, whereas insufficient stock availability may result in equipment downtime and service disruptions. This study aimed to optimize inventory management for slow-moving transmission spare parts by balancing operational reliability and inventory cost efficiency over a ten-year planning horizon. A Poisson-based forecasting approach, using equipment failure rates as the primary demand driver, was implemented. Additionally, three risk-pooling schemes (no risk pooling, full risk pooling, and partial risk pooling) were evaluated through simulation to assess fill rates, disruption response, and inventory holding costs. The Poisson-based approach reduced projected spare parts requirements by 36% and lowered ending inventory levels by 55% compared with the existing policy. The simulation results indicated that while no risk pooling provided higher fill rates and full risk pooling minimized holding costs, partial risk pooling achieved the optimal trade-off across key performance metrics. Implementing a Poisson-based demand model combined with partial risk pooling enables organizations to significantly reduce procurement expenditures and inventory holding costs without compromising operational reliability.
Copyright (c) 2026 Bima Dwi Utomo, Niniet Indah Arvitrida https://creativecommons.org/licenses/by-sa/4.0
Wealth Tax as an Alternative Fiscal Instrument: A Systematic Literature Review of Its Potential to Reduce the Gini Coefficient and Increase the Taxto-GDP Ratio Toward Indonesia Emas 2045
This study aimed to analyze the potential of wealth tax as an alternative fiscal instrument to support reductions in the Gini coefficient and increases in the tax ratio within the context of the Indonesia Emas 2045 agenda. The study employed a qualitative approach through a systematic literature review using the Scopus database as the primary source. Searches conducted for the 2015–2025 period yielded 599 initial records. After removing duplicates and conducting screening based on publication year, journal quality, abstract completeness, relevance, and full-text accessibility, a total of 117 studies from Scopus and seven supporting studies from other sources were included in the final synthesis. Data were analyzed descriptively and thematically, focusing on distributional impacts, revenue capacity, behavioral responses, administrative challenges, asset valuation, and political considerations. The synthesis results indicated that wealth taxes have the potential to reduce wealth concentration and strengthen fiscal system progressivity; however, their effects on the Gini coefficient depend on the scope of the tax base, thresholds, tax rates, exemptions, revenue utilization, and taxpayer responses. Their contribution to the tax ratio is also not automatic, as it is influenced by administrative costs, capital mobility, tax avoidance practices, and the ability of authorities to identify and assess taxable assets. The literature emphasized the importance of asset registries, third-party reporting, information exchange mechanisms, beneficial ownership identification, valuation guidelines, and risk-based supervision. For Indonesia, wealth taxes are more appropriately positioned as part of a broader fiscal reform strategy rather than as a standalone instrument.
Copyright (c) 2026 Arief Hidayat Adam, Radhi Abdul Halim https://creativecommons.org/licenses/by-sa/4.0
Sustainable Competitive Advantage through Strategic Analysis: A Case Study of PT Avia Avian Tbk
This study aimed to analyze the strategic factors that supported the creation of sustainable competitive advantage at PT Avia Avian Tbk, one of the leading companies in Indonesia’s paint and building coatings industry. The study employed a qualitative descriptive approach using a case study method, with secondary data obtained from the company’s annual reports, sustainability reports, official publications, and relevant scientific literature. The analysis was conducted using PEST analysis, Porter’s Five Forces analysis, industry life cycle analysis, value chain analysis, and the Competitive Profile Matrix (CPM). The findings indicated that PT Avia Avian Tbk maintained a strong competitive position supported by an extensive distribution network, product innovation capabilities, vertical integration, operational efficiency, and a commitment to sustainability. From an external environmental perspective, the company benefited from construction sector growth, increasing demand for environmentally friendly products, and technological developments that supported innovation. Meanwhile, competition within Indonesia’s paint industry remained relatively intense, although the threats posed by new entrants and substitute products were relatively low. The CPM results indicated that PT Avia Avian Tbk demonstrated a stronger competitive position compared with several major competitors in the industry. This study concluded that a company’s ability to manage internal resources, strengthen innovation, and adapt effectively to changes in the business environment were key factors in maintaining sustainable competitive advantage. The findings are expected to serve as a reference for manufacturing companies in formulating business strategies oriented toward long-term growth and sustainability.
Copyright (c) 2026 Shabrina Windy Cahyono https://creativecommons.org/licenses/by-sa/4.0
Distribution Network Optimisation for Domestic Market Obligation (DMO) Cooking Oil: A Satellite Relocation and Expansion Study of PT IBU
PT Indonesia Berkah Usaha (IBU), a Minyakita cooking oil distributor in Bandung City, suffers from critical spatial misalignment as its satellite network was established through partner availability rather than systematic demand analysis, resulting in suboptimal positioning that raises delivery costs and constrains revenue growth. This study aims to evaluate historical satellite placements, determine optimal reallocation for underperforming satellites, and identify viable expansion areas. Demand was proportionally disaggregated to stall level from monthly sales across 1,136 stalls. The Elbow Method and Silhouette Coefficient identified k=6 optimal clusters, and weighted K-Means identified six demand zone centroids. Haversine displacement ratios classified satellites with ratio >1.0 as suboptimal. AHP pairwise comparisons from three management respondents were followed by TOPSIS to rank six relocation candidates across four criteria: road accessibility (23.93%), zone demand (53.48%), displacement ratio (8.18%), and cannibalization risk (14.41%). TOPSIS ranked relocating Mama Minyak first (CC=0.805), driven by Zone B's high demand (1,874 boxes/month), lowest displacement among Zone B candidates (1.21x), and moderate cannibalization risk (0.46). Planet Sembako ranked last (CC=0.068) despite extreme displacement (4.91x) due to lower demand and high cannibalization risk (0.815). Zone E, the only unserved zone, was excluded as its 596 boxes/month demand falls below the viability threshold, with targeted canvassing recommended before capital commitment. The integrated K-Means, AHP, and TOPSIS framework effectively prioritizes relocation actions based on demand potential, accessibility, and cannibalization risk, providing a data-driven approach for thin-margin distributors to optimize network performance under capital constraints.
Copyright (c) 2026 Ni Putu Agustin Putriani https://creativecommons.org/licenses/by-sa/4.0
The Effect of Ownership Structure on The Stability of Sharia Commercial Banks in Indonesia
The stability of Islamic banking is a strategic issue considering its role in supporting the national financial system while maintaining compliance with Sharia principles. This article analyzed the effect of ownership structure on the stability of Sharia Commercial Banks (Bank Umum Syariah / BUS) in Indonesia based on the perspectives of agency theory and stakeholder theory. The ownership structures examined included ownership concentration, government ownership, foreign institutional ownership, and domestic institutional ownership, with the capital structure proxied by the Debt-to-Equity Ratio (DER) as a control variable. Bank stability was measured using the Z-score indicator. This study employed a descriptive quantitative approach with panel data regression analysis using annual data from Sharia Commercial Banks registered with the Financial Services Authority (Otoritas Jasa Keuangan / OJK) during the 2015–2024 period. The census sampling technique resulted in 92 observations from 12 banks. The random-effects model regression results showed that government ownership and domestic institutional ownership had positive and significant effects on BUS stability, while ownership concentration, foreign institutional ownership, and DER had no significant effects. Domestic institutional ownership was identified as the most dominant variable influencing bank stability. These findings indicated that the stability of Islamic banking in Indonesia was more strongly determined by the effectiveness of internal oversight, corporate governance practices, and the long-term orientation of domestic investors rather than by foreign ownership or the degree of ownership concentration.
Copyright (c) 2026 Mochamad Rizki Ramdani, Marwansyah Marwansyah, Muhamad Umar Mai https://creativecommons.org/licenses/by-sa/4.0
Restructuring The Performance Management of Security Service Enterprises (BUJP) Through The Balanced Scorecard Approach: A Critical Analysis of Strategies to Mitigate Staff Turnover and Enhance Operational Discipline at PT Gitra Sandi Borlak
The security outsourcing industry in Indonesia faces persistent challenges including high employee turnover, field discipline issues, and demanding SLA fulfillment for personnel substitution. PT Gitra Sandi Borlak, a strategic Security Services Business Entity (BUJP) managing security portfolios in healthcare and manufacturing sectors, has experienced significant business growth yet continues to receive recurring client complaints regarding personnel instability and operational discipline. This research aims to formulate a reconstruction of the performance management system in Security Services Business Entities (BUJP), with an empirical locus on PT Gitra Sandi Borlak, using the Balanced Scorecard (BSC) framework. The security outsourcing industry faces structural challenges in the form of high employee turnover rates, discipline issues in the field, and demands for the speed of fulfillment of Service Level Agreements (SLAs) for personnel substitution from corporate clients. Through an analytical descriptive qualitative method that integrates operational data with qualitative in-depth interview data with top management and operational users, this study explores causal relationships across four BSC perspectives. The results of the analysis show that operational problems at the customer level are rooted in the need to reconstruct the pillars of the Learning and Growth Perspective, especially related to human capital retention and standardization of the compensation system. The strategic recommendations are directed at the digitization of GPS-based real-time patrol monitoring and the restructuring of the ongoing coaching program to reduce turnover below the critical tolerance threshold of 10% per annum to secure long-term financial profitability stability.
Copyright (c) 2026 Dimas Kuncoro Yekti, Olivia Tiara , Cedaryana Cedaryana https://creativecommons.org/licenses/by-sa/4.0
The Effect of Digital Training and Digital Competencies on Employee Work Productivity at Bank Indonesia in Cirebon
This study aimed to analyze the effects of digital training and digital competency on employee work productivity at Bank Indonesia Cirebon. Digital transformation in the banking sector requires human resource development to adapt to technology-based work systems. This study employed a quantitative associative approach using a survey method involving 60 respondents selected through a saturated sampling technique. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results showed that digital training had a positive and significant effect on work productivity, with a path coefficient of 0.623 (p < 0.05). Digital competency also had a positive and significant effect on work productivity, with a path coefficient of 0.411 (p < 0.05). Simultaneously, both variables explained 66.2% of the variance in employee productivity. These findings indicated that improving the quality of digital training and strengthening digital competency were essential factors in enhancing employee effectiveness, efficiency, and performance in the digital transformation era. This study provides practical implications for organizations in developing structured and sustainable digital training programs to improve employee productivity.
Copyright (c) 2026 Nita Dwi Andini, Editya Nurdiana https://creativecommons.org/licenses/by-sa/4.0
Analysis of Environmental Aspects and Impacts as Reference for Planning Environmental Management System Programs in The Upstream Oil and Gas Industry (Case Study: “X” Area on P Company)
Upstream oil and gas industry activities have complex operational characteristics and the potential to generate various significant environmental aspects and impacts. Activities such as drilling, fluid processing, and waste management can affect the quality of water, air, soil, and ecosystems surrounding operational areas. Therefore, a systematic approach is required to identify and evaluate environmental aspects and impacts as a basis for planning effective and sustainable environmental management system (EMS) programs that comply with applicable environmental regulations. This study aimed to analyze environmental aspects and impacts associated with upstream oil and gas operations and formulate priority EMS programs through risk assessment and multi-criteria decision analysis. The methods used included interviews, field observations using questionnaires and checklists, and literature reviews. Data were analyzed descriptively and analytically to identify environmental aspects and impacts based on company policies and applicable regulations, followed by risk assessment using the State-Owned Enterprises risk matrix to determine risk levels. The Analytical Hierarchy Process (AHP) method was also applied to prioritize proposed environmental program plans. The results indicated that P Company’s operational activities involved significant environmental aspects, including air emissions, liquid waste generation, hazardous waste management, noise emissions, potential oil spills, soil and water quality degradation, and contributions to greenhouse gas emissions. Based on the risk assessment results, several activities were categorized as having moderate to high risk levels, particularly those related to hydrocarbon spills and hazardous waste management. The risk controls implemented by the company were effective in reducing environmental risk levels to moderate and low categories.
Copyright (c) 2026 Bima Ilham Rubiono, Mas Agus Mardyanto https://creativecommons.org/licenses/by-sa/4.0
An Evaluation of Bureaucratic Barriers to Public Accountability in Regional Development: Implications for The Community Economy
This study aimed to analyze bureaucratic constraints on public accountability in regional development and their implications for community economic conditions. The research was based on the problem of limited bureaucratic effectiveness, characterized by hierarchical organizational structures, complex administrative procedures (red tape), and weak performance-oriented work cultures. This study employed a descriptive qualitative approach through a literature review using thematic analysis of academic and policy sources. The findings indicated that bureaucratic constraints significantly reduced public accountability, particularly in terms of transparency and performance accountability. This condition resulted in inefficiencies in regional development implementation, increased economic transaction costs, and declining public trust in local governments. The downstream impacts were reflected in weakened community economic competitiveness, particularly among Micro, Small, and Medium Enterprises (MSMEs), as well as reduced regional investment attractiveness. The study concluded that a consistent causal relationship existed among bureaucratic constraints, public accountability, development performance, and community economic conditions. Therefore, bureaucracy reform based on accountability principles, digital governance transformation, and strengthened oversight systems are essential prerequisites for improving regional development effectiveness.
Copyright (c) 2026 Siti Nurjanah, Jopie Tommy Rompas , Maulana Irfan Andriansyah https://creativecommons.org/licenses/by-sa/4.0
The Effect of Women's Presence in Corporate Governance on Financial Distress in Manufacturing Companies Listed on The Indonesia Sharia Stock Index (ISSI)
This study examined the effect of women’s representation in four corporate governance organs, namely Women on the Board of Directors (WBD), Women on the Board of Commissioners (WBC), Women on the Independent Board of Commissioners (WBIC), and Women on the Audit Committee (WAC), on financial distress, as measured by the Modified Altman Z-Score. A quantitative approach using panel data regression was applied to 97 manufacturing companies consistently listed on the Indonesia Sharia Stock Index (ISSI) during the 2015–2024 period, resulting in 970 observations selected through purposive sampling. Model selection using the Chow test, Hausman test, and Lagrange Multiplier test indicated that the Random Effects Model (REM) with White cross-section standard errors was the most appropriate estimation model. At the 5% significance level, WBD, WBC, and WAC had no significant effects on the Altman Z-Score, whereas WBIC had a significant negative effect (coefficient = ?1.017942; p = 0.0022). Simultaneously, the four independent variables had a significant effect on financial distress (F-statistic = 4.321012; p = 0.001808), although the Adjusted R-squared value was only 1.35%. These findings indicate that the effectiveness of corporate governance cannot be evaluated based on a single supervisory organ but rather depends on the synergy among all governance mechanisms. Furthermore, gender diversity alone does not consistently improve corporate financial performance without being supported by board members’ competence, experience, and independence.
Copyright (c) 2026 Noorsy Mubarakh, Setiawan Setiawan, Ira Novianty https://creativecommons.org/licenses/by-sa/4.0
Cover Design as Value Co-Creation: Its Impact on Consumer Purchase Intention Within the Framework of Service-Dominant Logic
The rapid development of digital technology has transformed consumer behavior, including learning activities. Although the use of digital media in education continues to increase, notebooks remain an essential learning tool for students. This condition encourages manufacturers to focus not only on product functionality but also on visual design as a means of enhancing consumer appeal. This study aims to examine the effects of cover design and product quality on consumers' purchase intention toward notebooks, with consumer engagement and promotion serving as mediating variables. A quantitative research approach was employed using a survey of 400 senior high school students in East Java, Indonesia, selected through purposive sampling. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS 4 software. The findings reveal that cover design does not have a direct effect on purchase intention but has a positive and significant effect on consumer engagement and promotion. Furthermore, consumer engagement fully mediates the relationship between cover design and purchase intention. Product quality and promotion also have positive and significant effects on purchase intention. These findings reinforce the Service-Dominant Logic (SDL) perspective, which argues that product value is created not only through physical attributes but also through consumer engagement in the process of value co-creation. This study contributes theoretically by extending the application of SDL to the context of low-involvement products. It also provides managerial implications for notebook manufacturers by recommending consumer insight-driven design strategies tailored to different market segments, supported by effective promotional activities and consistent product quality.
Copyright (c) 2026 Rudi Suprianto, Sandy Wahyudi , Bisma Jatmika Tisnasasmita , Teofilus Teofilus , Hastuti Naibaho https://creativecommons.org/licenses/by-sa/4.0
A Multi-Criteria Decision-Making Model for Determining Material Storage Locations Using the AHP–TOPSIS Method: A Study at PT PLN (Persero) UP2D Lampung
PT PLN (Persero) UP2D Lampung faces limitations in internal warehouse capacity, requiring some materials to be stored at other units located up to 46.8 km away. This situation increases storage and transportation costs and reduces the efficiency of inventory management. This study aimed to develop a multi-criteria decision-making model for determining the optimal material storage location by integrating the Analytical Hierarchy Process (AHP) and the Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). The evaluation criteria were identified through discussions with subject-matter experts and materials management personnel, resulting in four criteria and six sub-criteria. The four evaluation criteria were land capacity, resources, management quality, and operational efficiency. The six sub-criteria comprised warehouse area, the number of employees and outsourced personnel, the availability of truck drivers, maturity level, inventory turnover (ITO), and service area. The AHP method was used to determine the weights of the criteria and sub-criteria, whereas TOPSIS was applied to evaluate and rank the alternative warehouse locations. A total of five candidate storage locations were evaluated. The results indicated that the Tanjung Karang Warehouse was the preferred material storage location, achieving the highest preference score of 0.695. These findings demonstrate that integrating AHP and TOPSIS provides an objective, systematic, and measurable decision-making framework for determining material storage locations and offers a practical decision-support tool for warehouse management at PT PLN (Persero).
Copyright (c) 2026 Yus Octavian, Suparno https://creativecommons.org/licenses/by-sa/4.0
The Relationship Between Stress Coping, Mindfulness, and Psychological Well-Being Among the Wives of Members of the East Kalimantan Regional Police Mobile Brigade Unit (Satbrimobda Kaltim)
This study aims to examine the relationships among stress coping, mindfulness, and psychological well-being among the wives of personnel serving in the Satuan Brigade Mobil Daerah Kalimantan Timur (Satbrimobda Kaltim; East Kalimantan Regional Police Mobile Brigade Unit). The wives of Mobile Brigade personnel face various psychological challenges because of the high-risk nature of their husbands' duties, frequent deployments, and limited family time. This study employed a quantitative approach with a correlational research design. The participants consisted of wives of Satbrimobda Kaltim personnel who were selected according to the established inclusion criteria. Data were collected using the Stress Coping Scale, Mindfulness Scale, and Psychological Well-Being Scale. Multiple regression analysis was conducted to examine the relationships between the independent variables and psychological well-being. The results indicated significant positive relationships between stress coping, mindfulness, and psychological well-being among the wives of Satbrimobda Kaltim personnel. Participants with more effective stress coping strategies and higher levels of mindfulness tended to report higher levels of psychological well-being. These findings suggest that stress coping and mindfulness are important factors associated with enhanced psychological well-being among the wives of Mobile Brigade personnel.
Copyright (c) 2026 Evvy Wulandari, Roy Gustaf Ama https://creativecommons.org/licenses/by-sa/4.0
Development of an AI-Based Prototype for Integrating Design and Cost Estimation in the Early Stages of Residential Construction: A Design Thinking Approach and Adoption Validation
Small and medium-sized construction businesses are increasingly required to provide faster, clearer, and integrated early-stage services for residential clients. However, many SME contractors still manage design briefing, preliminary cost estimation, and proposal preparation through sequential handovers, informal knowledge, and manual coordination. This article examines how artificial intelligence (AI)-based design-to-cost prototypes can support early-stage decision-making in SME residential construction. The research used an applied design research approach with Design Thinking for the development of prototypes and UTAUT3 models adapted for adoption validation. Qualitative data is collected through a focus group discussion with homeowners and the internal functions of the construction, then translated into problem formulations, How Might We question, and prototype needs. The resulting prototype integrates guided briefing, AI-based layout creation, historical cost estimates per square meter, and a design-cost compromise dashboard. The survey of 105 respondents was analyzed using PLS-SEM. The model explains a 67.8% variation in adoption intent. Social Influence and Personal Innovation significantly affect Adoption Intentions, while Performance Expectations, Business Expectations, and Enabling Conditions are insignificant. The findings show that the early adoption of AI in SME residential construction depends not only on the perception of usability, but also on organizational support and individual openness to innovation.
Copyright (c) 2026 Rinaldy Bonarahma, Sahat Hutajulu https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Service Connection Process Flow to Achieve Increased Electricity Sales Using an Application Design
The telecommunications industry is crucial for social and economic growth in the digital era, with Indonesia's fixed broadband market expanding rapidly amid intensifying competition among ISPs. PT Telkom Indonesia's Indihome, as market leader with 11,329,973 subscribers in 2025, faces declining market share, which has decreased by an average of 5.13% annually over the past three years to approximately 64%. This study integrates the ISP Service Quality model and Customer Satisfaction Index (CSI) framework to examine how Network Quality, Customer Service, Information Quality, Security, Brand Image, Customer Expectations, Perceived Value, Perceived Price, and Perceived Service Quality affect customer satisfaction and loyalty. Using PLS-SEM with 431 respondents. The results indicate that the proposed model demonstrates a satisfactory level of fit, with an SRMR value of 0.077. The direct effect analysis reveals that NQ, CS, and IQ have positive and significant effects on PSQ. Within the CSI framework, BI, EX, PV, and PSQ are found to have positive and significant effects on CSI, whereas SR and PR do not exhibit significant effects. The findings further indicate that Customer Satisfaction serves as the primary determinant of Customer Loyalty, as evidenced by its positive and significant relationship with Customer Loyalty. In addition, Network Quality and Customer Service emerge as the most influential determinants in shaping Perceived Service Quality within the ISP context, while Customer Expectations represent the strongest determinant of Customer Satisfaction. These findings are expected to provide strategic insights into enhancing service quality and strengthening Customer Loyalty in the increasingly competitive fixed broadband market.
Copyright (c) 2026 Ayyub Nasrah Atmadja, Noviyanti Santoso https://creativecommons.org/licenses/by-sa/4.0
Operational Management Practices for Employee Job Satisfaction and Employee Retention: A Study at SJ Security
Employee retention has become a critical organizational challenge in labor-intensive service industries, particularly in security outsourcing companies, where workforce stability directly affects service continuity and operational effectiveness. SJ Security, a multi-site security outsourcing company, experienced recurring operational issues characterized by inconsistent communication, uneven task allocation, and variations in operational practices across supervisors and work sites, indicating that consistency in operational management remained a key organizational concern. This study aimed to identify operational management issues and examine how these practices influenced employee job satisfaction and retention at SJ Security. A qualitative approach was employed using semi-structured interviews with nine participants, consisting of six security personnel, two operational supervisors, and one management representative. The interviews explored employees' experiences related to communication, task allocation, operational consistency, and supervisory support. The data were analyzed using thematic analysis, root cause analysis, Pareto analysis, and priority ranking. The findings identified four major themes: communication and operational coordination, fairness in task allocation, operational consistency, and performance monitoring and employee support. Communication inconsistency and unfair task allocation emerged as the primary areas requiring improvement because they were consistently associated with employees' perceptions of organizational support and workplace fairness. Employee retention was found to develop gradually through repeated workplace experiences, with recurring communication gaps, inconsistent operational practices, and perceived unfairness progressively reducing employees' intentions to remain with the organization. Based on these findings, three improvement strategies were proposed: communication standardization, equitable task allocation, and operational management standardization, to be implemented in phases.
Copyright (c) 2026 Samuel Ray Setiawan https://creativecommons.org/licenses/by-sa/4.0
The Impact of Green Banking on the Stability and Profitability of Islamic Banking in Indonesia
Green financing is a key instrument in the implementation of green banking, supporting environmental sustainability while also having the potential to influence banks' financial performance. This study analyzed the impact of green banking on the stability and profitability of Islamic banks in Indonesia. The sample comprised 17 Islamic commercial banks, yielding 97 bank-year observations over the 2019–2025 period. Annual data were obtained from the annual and sustainability reports of each bank. Green banking was proxied by the ratio of green financing to total financing, whereas bank stability and profitability were measured using the equity-to-total-assets (ETA) ratio and return on assets (ROA), respectively. The study employed fixed-effects panel data regression with standard errors clustered at the bank level. The results indicated that green financing had a positive and significant effect on bank stability but a negative and statistically insignificant effect on profitability. Banks with stronger capital adequacy and greater operational efficiency also exhibited higher levels of stability and profitability. These findings suggest that the benefits of green financing are reflected initially in enhanced bank resilience, whereas its effect on profitability may take longer to materialize. Therefore, Islamic banks should expand green financing in a prudent manner while continuing to strengthen their capital base, improve operational efficiency, and enhance financing risk management.
Copyright (c) 2026 Muhamad Haris, Nurwahidin, Veithzal Rivai Zainal https://creativecommons.org/licenses/by-sa/4.0
The Effect of Financial Performance Using the DuPont System on Stock Returns for Companies in the Energy Sector Listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 Period
This study examines the effect of financial performance, measured using the DuPont System—Net Profit Margin (NPM), Total Asset Turnover (TATO), Equity Multiplier (EM), and DuPont Return on Equity (DuPont ROE)—on the stock returns of energy-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period, with Signaling Theory serving as the theoretical framework. The study employs a quantitative approach involving a population of 89 energy-sector companies. Using purposive sampling, 68 companies comprising 204 firm-year observations were selected, with the final sample reduced to 195 observations after outlier treatment. Stock returns were calculated based on realized returns over an event window of five trading days before and five trading days after the publication date of the annual financial statements. Panel data regression analysis was performed using EViews 12, with the Common Effect Model (CEM) selected based on the Chow test and Lagrange Multiplier test results. The t-test results indicate that NPM, TATO, and EM have no statistically significant effect on stock returns, whereas DuPont ROE has a positive and statistically significant effect. The adjusted R² value of 6.03% indicates that the four variables explain only a small proportion of the variation in stock returns, while the remaining variation is attributable to other factors not included in the model, such as fluctuations in global energy commodity prices. These findings suggest that, when examined individually, the components of the DuPont System provide insufficient explanatory power regarding stock returns.
Copyright (c) 2026 Reinata Auliya Rachmandes, Achmad Fauzi , Dwi Handarini https://creativecommons.org/licenses/by-sa/4.0
Exploration and Valorization of Agri-Food Waste in A Circular Economy Ecosystem: Systematic Literature Review
The exponential increase in global population triggers a surge in food demand that has a direct impact on the accumulation of waste in the agricultural and food industry sector (agri-food waste). Conventional disposal methods such as landfill and incineration have been shown to cause significant environmental degradation. This study used the Systematic Literature Review (SLR) method to integrate scientific evidence related to organic waste treatment strategies into high-value-added products (valorization) to support the transition to a zero-waste circular economy. Based on a comparative analysis of national and international literature, three main lines of valorization were found: (1) the transformation of agro-industrial waste (such as tofu pulp, straw, bran, and palm oil meal) and manufacturing defective food products into alternative feed for ruminant livestock, poultry, and fishery cultivation; (2) waste bioconversion using Black Soldier Fly (BSF) larval agents to produce animal proteins; and (3) thermochemical conversion through slow pyrolysis to produce high-performance active biochar for environmental remediation. The implementation of this technology in Indonesia still faces challenges in the form of regulatory ambiguity, variability in nutrient content, and contamination risk, which requires cross-sectoral policy synchronization to achieve the Sustainable Development Goals.
Copyright (c) 2026 Gesa Aldin Barqin, Nia Agustina https://creativecommons.org/licenses/by-sa/4.0
Sustainable Marketing, Corporate Risk, and Financial Value: A Bibliometric Analysis of Research Development, Knowledge Structure, and Future Directions
Sustainable marketing has evolved from an environmental communication approach into a strategic organizational capability that integrates sustainability principles with long-term business performance. Despite the growing body of literature, the relationships among sustainable marketing, corporate risk, and financial value remain fragmented, with limited understanding of their intellectual structures and research trajectories. This study aimed to analyze research development, identify the knowledge structure, and propose future research directions concerning sustainable marketing, corporate risk, and financial value. A bibliometric performance analysis and science mapping approach were employed using 156 English-language articles and review papers indexed in the Scopus database from 2000 to 2026. The analysis examined publication trends, citation performance, influential authors, journals, countries, keyword co-occurrence, thematic evolution, and co-citation networks. The findings revealed a substantial increase in publications after 2019, indicating growing scholarly interest in the field. Five major thematic clusters were identified, emphasizing sustainability-driven performance, strategic green marketing, responsible supply chains, financial performance mechanisms, and firm value supported by green technologies. However, the literature remains predominantly focused on broad firm-performance indicators, while corporate risk and specific financial value measurements remain relatively underexplored. The study concludes that sustainable marketing should be regarded not only as a strategy for enhancing competitive advantage and financial performance but also as an organizational capability for mitigating corporate risk and strengthening long-term resilience. Future research should employ more precise financial indicators and integrate risk-oriented perspectives to provide a deeper understanding of sustainable value creation.
Copyright (c) 2026 Mahayanti Fitriandari, Ade Maharini Adiandari, Yananto Mihadi Putra, Lucky Nugroho https://creativecommons.org/licenses/by-sa/4.0
The Effect of Intellectual Capital and Digital Transformation on Financial Performance in Technology Companies in Indonesia for the Period 2022 to 2025
The rapid advancement of digital technology has encouraged technology companies to strengthen their strategic resources and digital capabilities to enhance financial performance. Intellectual capital and digital transformation have become increasingly important factors in developing competitive advantages through effective knowledge management, innovation, operational efficiency, and value creation. This study aimed to examine the effects of intellectual capital and digital transformation on the financial performance of technology-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2025 period. The study employed a quantitative approach using secondary data obtained from the annual reports and audited financial statements of 30 technology companies. The sample was selected using purposive sampling, resulting in a balanced panel dataset comprising 120 firm-year observations. Intellectual capital was measured using the Value Added Intellectual Coefficient (VAIC™) method, digital transformation was proxied by the ratio of intangible assets to total assets, and financial performance was measured using return on assets (ROA) and return on equity (ROE). The data were analyzed using panel data regression in EViews. The results indicated that intellectual capital and digital transformation had positive and statistically significant effects on both ROA and ROE. Firm size, included as a control variable, also had a positive and statistically significant effect on financial performance. These findings indicate that effective management of intellectual capital and investment in intangible resources associated with digital transformation play important roles in enhancing profitability and sustaining the competitiveness of technology companies in Indonesia.
Copyright (c) 2026 Tiara Cinta Putri Mardani, Tri Gunarsih https://creativecommons.org/licenses/by-sa/4.0
Analysis of Factors Triggering Impulsive Buying Among Culinary Tourists at the Rahma Waterpark Semedo Cafeteria, Tegal Regency
This study aims to explore and explain in depth the environmental factors and psychological phenomena that trigger impulse buying behavior in culinary tourism visitors at the Rahma Waterpark Semedo Canteen, Tegal Regency. The approach used in this study was qualitative with an analytical descriptive method. Primary data collection was carried out through direct observation and in-depth interviews with canteen owners and 38 visitor informants who were selected using purposive sampling techniques. Data analysis is applied using a flowing model that includes data reduction, data presentation, and conclusion drawn. The results of the study showed that the majority of visitors were dominated by large family groups and elementary school children who made sudden transactions while resting. The most consistent external factors driving tourists' spontaneous shopping decisions are the atmosphere of the canteen environment that is clean and family-friendly, as well as sensory marketing in the form of the strong aroma of cuisine through the open canteen layout. This combination of stimuli successfully builds a comfortable mood (positive affect), thus loosening cognitive control and collapsing the shopping rationality of visitors in order to get instant emotional satisfaction at tourist sites.
Copyright (c) 2026 Dinda Maryani Ulva, Khashilan Ditiya Auvaro , Makmur Sujarwo https://creativecommons.org/licenses/by-sa/4.0
The Performance of the Land Agency in Issuing Certificates in Banjar Regency
In issuing certificates in Banjar district and determine the supporting and inhibiting factors in the performance of land agencies in issuing certificates in Banjar district. The research method used in this research is a qualitative descriptive method with a geetz interpretive model approach, namely a phenomenological approach that seeks to find meaning and not look for laws, understand each problem and not look for theories of phenomena. The research resulting is the performance of land agencies in issuing certificates in Banjar district is still less than optimal, because officials still expect compensation from applicants; there is discrimination among officials in providing services because of the proximity system; Responsiveness is still lacking due to complaints about making measuring drawings and land plot maps; Accountability is not good because there are many public concerns /complaints, there is no transparency regarding the costs and time of issuing certificates. The supporting factors for the performance of the land agency in issuing certificates in Banjar district are: discipline, public service vehicles for land certificates (LARASITA), computerized systems, waiting rooms, information boards, land flow charts and the existence of a complete system land registration program (PTSL). The factors inhibiting the performance of the land agency in issuing certificates in the city of Banjar district are human resources, lack of public understanding, lack of computer infrastructure, low capability of the apparatus, lack of coordination of the apparatus, inadequate storage of certificates, no funds to replace lost certificates, no guarantee of security.
Copyright (c) 2026 Adwin Tista, Tomi Oktaviannor, Taufik Arbain https://creativecommons.org/licenses/by-sa/4.0
The Effect of Ease of Use and Organizational Support on Digital HR System Acceptance with Employee Digital Readiness as a Moderating Variable
Digital transformation in human resource management has encouraged organizations to implement Digital Human Resource (HR) Systems to improve the efficiency and effectiveness of HR management. However, the success of such implementation depends not only on technological sophistication but also on user acceptance. This study examines the effects of System Ease of Use and Organizational Support on Digital HR System Acceptance and investigates the moderating role of Digital Readiness. A quantitative explanatory design was employed. Primary data were collected through a five-point Likert-scale questionnaire distributed to 114 employees of Inside Job, selected using purposive sampling, and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with SmartPLS 4. The findings indicate that System Ease of Use (B = 0.331; t = 4.502; p = 0.000) and Organizational Support (B = 0.254; t = 3.609; p = 0.000) have positive and significant effects on Digital HR System Acceptance. Digital Readiness was also found to strengthen the effects of both System Ease of Use (B = 0.290; t = 3.562; p = 0.000) and Organizational Support (B = 0.297; t = 3.607; p = 0.000) on Digital HR System Acceptance. The research model explains 52.2% of the variance in Digital HR System Acceptance (R² = 0.522). These findings suggest that successful Digital HR System implementation requires an integrated strategy involving simplified system design, strong organizational support, and continuous improvement of employees' digital readiness.
Copyright (c) 2026 Wafiqah Setyawati Wahyuni https://creativecommons.org/licenses/by-sa/4.0