ISSN 2541-0180 (Online) ISSN 2721-9313 (Print) The journal is published by the Department of Accounting in collaboration with LP2M University of Nusantara PGRI Kediri. This journal focused on accounting and economics studies. started 2019, this Journal is published three times a year in March, July and November and is Accredited SINTA 5
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ANALISIS SIKAP INDIVIDU, FAKTOR EKONOMI DAN LINGKUNGAN, LITERASI KEUANGAN TERHADAP KEBEBASAN FINANSIAL MELLUI PASAR MODAL (STUDI KASUS MAHASISWA FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS NUSANTARA PGRI KEDIRI ANGKATAN 2022)
Penelitian ini dilatarbelakangi oleh rendahnya kemampuan finansial mahasiswa yang mencerminkan perlunya penguatan perilaku dan pemahaman mengenai pengelolaan keuangan. Penelitian ini bertujuan menganalisis pengaruh sikap individu, lingkungan ekonomi, dan literasi keuangan terhadap kebebasan finansial dengan pasar modal sebagai variabel mediasi. Pendekatan kuantitatif digunakan dengan data primer yang diperoleh melalui kuesioner kepada 237 mahasiswa Fakultas Ekonomi dan Bisnis Universitas Nusantara PGRI Kediri. Analisis dilakukan menggunakan Structural Equation Modeling (SEM) berbasis Partial Least Square melalui SmartPLS. Hasil penelitian menunjukkan bahwa sikap individu, lingkungan ekonomi, dan literasi keuangan berpengaruh positif dan signifikan terhadap kebebasan finansial. Selain itu, pasar modal berperan sebagai mediator parsial yang memperkuat hubungan antara variabel independen ketiga dengan kebebasan finansial. Temuan ini menekankan pentingnya penguatan literasi keuangan dan pengalaman investasi bagi mahasiswa untuk membangun kemandirian finansial. Diharapkan hasil penelitian ini menjadi landasan konseptual bagi institusi pendidikan dalam mengembangkan strategi pembelajaran yang dapat mendorong terbentuknya perilaku keuangan dan investasi yang rasional.
Copyright (c) 2026 Rina Kurniawati, Faisol https://creativecommons.org/licenses/by-sa/4.0
PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN MANUFAKTUR TERCATAT DI BURSA EFEK INDONESIA
This study aims to analyze the effect of profitability, leverage, and liquidity on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period. Firm value is proxied by Price to Book Value (PBV), while profitability is measured using Return on Assets (ROA), leverage using the Debt-to-Equity Ratio (DER), and liquidity using the Current Ratio (CR). This study uses a quantitative approach with a purposive sampling method, resulting in 90 observational data from the financial statements of manufacturing companies that meet the research criteria. The data analysis technique used is multiple linear regression, preceded by classical assumption tests including normality, multicollinearity, heteroscedasticity, and autocorrelation tests. The results show that leverage has a significant effect on firm value, while profitability and liquidity do not. This finding indicates that investors consider a company's funding structure more than its profit-generating ability or liquidity level in assessing manufacturing companies during the study period. This research is expected to provide empirical contributions to company management in formulating financial policies and to investors in making investment decisions.
Copyright (c) 2025 Miftakhul Fauziyah Khasanah, Miftakhul Fauziyah Khasanah, Ummu Sholihah https://creativecommons.org/licenses/by-sa/4.0
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENGELOLAAN DANA DESA (STUDI PADA DESA-DESA DI KECAMATAN PAGU KABUPATEN KEDIRI)
Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi pengelolaan dana desa di Kecamatan Pagu Kabupaten Kediri, dengan berfokus pada akuntabilitas, transparansi, dan partisipasi masyarakat. Penelitian ini menggunakan pendekatan kuantitatif dengan 52 responden yang ditentukan melalui teknik purposive sampling. Data dikumpulkan melalui kuesioner dan dianalisis menggunakan regresi linier berganda dengan bantuan program SPSS versi 25. Hasil penelitian menunjukkan bahwa transparansi dan partisipasi masyarakat berpengaruh signifikan terhadap pengelolaan dana desa, sementara akuntabilitas tidak memberikan pengaruh signifikan secara parsial. Namun secara simultan, ketiga variabel tersebut terbukti berpengaruh signifikan terhadap pengelolaan dana desa. Temuan ini menegaskan bahwa keterbukaan informasi dan keterlibatan masyarakat menjadi faktor kunci dalam meningkatkan efektivitas tata kelola dana desa.
Copyright (c) 2025 Rizki Eka Kustanti, Puji Astuti, Sigit Puji Winarko https://creativecommons.org/licenses/by-sa/4.0
AUDIT PENGELOLAAN KEUANGAN RUMAH TANGGA TERHADAP GAYA HIDUP IBU-IBU DI KP. CISASAH DESA PURWASARI, KEC. DRAMAGA, KAB. BOGOR
The imbalance between household income and expenditure is becoming an increasingly common issue in society, especially among housewives. A consumptive lifestyle, lack of financial planning, and low awareness of budget management are often the main causes of financial problems that affect family stability. Based on this, this study was conducted to understand the relationship between household financial management audits and the lifestyles of mothers in villages, so as to provide an overview of the extent to which the implementation of household financial audits plays a role in creating family financial balance. A quantitative research method was used in this study. The population studied included all mothers who participated in this activity. The sampling technique used was saturated sampling, where the entire population was used as a sample of 46 people. Data collection was carried out using a questionnaire and a 5-point Likert scale. Data processing statistics used JAMOVI version 2.3.28. The results of the study indicate that Household Financial Management Audits have an impact on the lifestyles of mothers in Cisasah Village, Purwasari Village, Dramaga Subdistrict, Bogor Regency. Indicators in the Financial Management Audit variable include basic knowledge of financial management, credit management, savings and investment management, and risk management, which influence the lifestyles of mothers based on indicators of activity, interest, and opinion.
Financial Audit, Household Financial Management, Lifestyle
Copyright (c) 2025 Ananda Liana Putri, Nani Jumanti https://creativecommons.org/licenses/by-sa/4.0
CORPORATE GOVERNANCE DAN EFISIENSI BIAYA (BOPO): STUDI EMPIRIS PADA PERUSAHAAN PERBANKAN YANG LISTING DI BEI TAHUN 2020-2024
This study aims to analyze the effect of Corporate Governance (CG) mechanisms, proxied by the Number of Commissioners, Independent Commissioners, Managerial Ownership, and Institutional Ownership, on Cost Efficiency (BOPO) in commercial banks listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024, while controlling for Company Size and Return on Assets (ROA). The method uses panel data with Random Effect Model (REM) estimation as the best model, after a series of Chow Tests and Hausman Tests. The F-test results show that these variables simultaneously have a significant effect on BOPO (Prob F-statistic) with a model explanatory contribution of (Adjusted R-squared). Partially, all main corporate governance variables do not have a significant effect on BOPO, while the ROA control variable has a negative and significant effect. The implications of these findings support Alignment Theory, emphasizing the importance of external supervision to reduce agency costs and promote banking operational efficiency.
Copyright (c) 2025 Siti Nor Aisah, Ajeng Tita Nawangsari https://creativecommons.org/licenses/by-sa/4.0
Implementasi Alokasi Dana Desa dalam Upaya Pembangunan Ekonomi di Desa Bonjeruk Kecamatan Jonggat Kabupaten Lombok Tengah
This study aims to examine the implementation of the Village Fund Allocation (ADD) in Bonjeruk Village, Jonggat District, Central Lombok Regency, in relation to economic development and its contribution to improving community welfare. The research employed a quantitative approach with data collection techniques were carried out through documentation and brief interviews, which served as supporting data to clarify several pieces of information derived from the quantitative dataset. The data were analyzed using descriptive quantitative techniques, including the presentation of tables, percentages, and data distributions to illustrate the implementation of the Village Fund Allocation (ADD). The results show that the implementation of ADD in Bonjeruk Village is predominantly directed toward physical development, particularly infrastructure improvements that facilitate community economic activities, while non-physical (empowerment) programs remain limited. Approximately 70% of the budget is focused on physical development, with community participation being relatively high during the planning stage but low during the supervision stage. The contribution of ADD can be seen in improved economic accessibility, the role of the Village-Owned Enterprise (BUMDes) in supporting local businesses, and support for social programs such as Direct Cash Assistance (BLT), youth activities, and tourism awareness groups.
Copyright (c) 2025 Nabila fatahollah, Himawan Sutanto, Irwan Suriadi https://creativecommons.org/licenses/by-sa/4.0
PENGARUH FIRM SIZE DAN NET WORKING CAPITAL TERHADAP NILAI PERUSAHAAN MELALUI CASH HOLDING SEBAGAI INTERVENING
Penelitian ini bertujuan untuk menganalisis pengaruh Firm Size dan Net Working Capital terhadap nilai perusahaan, baik secara langsung maupun tidak langsung melalui Cash Holding sebagai variabel intervening. Penelitian ini merupakan penelitian kuantitatif. Populasi dalam penelitian ini terdiri dari 40 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021–2023. Pemilihan sampel dilakukan dengan teknik purposive sampling, sehingga diperoleh 11 perusahaan sebagai sampel penelitian. Metode ini dipilih untuk menguji hubungan antar variabel serta memecahkan permasalahan dalam penelitian. Hasil penelitian menunjukkan bahwa Firm Size dan Cash Holding berpengaruh signifikan terhadap nilai perusahaan. Net Working Capital tidak berpengaruh signifikan terhadap nilai perusahaan. Firm Size berpengaruh signifikan terhadap Cash Holding. Net Working Capital tidak berpengaruh signifikan terhadap Cash Holding. Firm Size dan Net Working Capital tidak berpengaruh signifikan terhadap nilai perusahaan melalui Cash Holding.
Firm Size, Net Working Capital, Firm Value, Cash Holding
Copyright (c) 2025 Faizal Reza, Rachel Khairunnisa, Eddy Soegiarto https://creativecommons.org/licenses/by-sa/4.0
PENGARUH UKURAN PERUSAHAAN, LEVERAGE, DAN LIKUIDITAS TERHADAP KINERJA PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SEKTOR CONSUMER CYCLICALS YANG TERDAFTAR DI BURSA EFEK INDONESIA
This study aims to examine the effect of firm size, leverage, and liquidity on firm performance with dividend policy as a moderating variable. This is a quantitative study that selects a population of consumer cyclical sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2024. The sample was selected using a purposive sampling method with five criteria, resulting in 13 companies over five years of observation, totaling 65 samples. Data were collected through documentation study techniques and analyzed using multiple linear regression analysis and residual-based moderated regression analysis (MRA). The results of the analysis indicate that firm size and leverage have no significant effect on firm performance. Liquidity has a significant effect on firm performance. Dividend policy moderates the influence of firm size, leverage and liquidity on firm performance in consumer cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2024
Copyright (c) 2025 Liberni Waruwu, Iman Indrafana; Azis Asriadi https://creativecommons.org/licenses/by-sa/4.0
PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, KEPEMILIKAN PUBLIK DAN KOMITE MANAJEMEN RISIKO TERHADAP PENGUNGKAPAN MANAJEMEN RISIKO
This study aims to analyze the effect of Profitability, Company Size, Public Ownership and Risk Management Committee on Risk Management Disclosure. This study is a quantitative study using secondary data on the financial statements of companies in the banking sector listed on the Indonesia Stock Exchange for the period 2021-2023. The sample in this study was 40 companies with a purposive sampling technique. The data analysis method uses multiple linear regression. Analysis of the research results using SPSS 30. The results of the study indicate that simultaneously Profitability, Company Size, Public Ownership and Risk Management Committee have an effect on Risk Management Disclosure, Profitability partially does not have an effect on Risk Management Disclosure, Company Size partially has an effect on Risk Management Disclosure, Public Ownership partially has an effect on Risk Management Disclosure, Risk Management Committee partially has no effect on Risk Management Disclosure.
Copyright (c) 2026 Nur Annisa Ariyanti, Asri Dwi Ariyani, Marsuking, Kusumaningdiah Retno Setiorini https://creativecommons.org/licenses/by-sa/4.0
PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG) TERHADAP KINERJA KEUANGAN MELALUI NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR ENERGI YANG TERDAFTAR DI BEI PERIODE 2021-2023
This research is motivated by the importance of sustainability in the operations of energy sector companies, which face high environmental and social risks, while their financial performance remains inconsistent. The study aims to analyze the influence of Environmental, Social, and Governance (ESG) disclosure on financial performance, proxied by Return on Assets (ROA), both directly and indirectly through firm value, proxied by Price to Book Value (PBV). The environmental variable is proxied by carbon emission intensity, the social variable by Corporate Social Responsibility (CSR) expenses, and the governance variable by the proportion of independent commissioners. A causal quantitative approach is applied using secondary data from financial, sustainability, and annual reports of energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The sample consists of 69 observations obtained through purposive sampling. Data were analyzed using panel data regression with the Random Effect Model (REM) and Sobel test for mediation. The results show that ESG disclosure does not significantly affect ROA, either directly or indirectly through PBV. These findings indicate that ESG disclosure has not yet created a direct financial impact nor improved firm value in the energy sector.
Environmental, Social, Governance, Financial Performance, Firm Value
Copyright (c) 2025 Shella Anggara Sari, Faisol, Linawati https://creativecommons.org/licenses/by-sa/4.0
ANALISIS FAKTOR YANG MEMPENGARUHI KEMANDIRIAN KAB/KOTA DI JAWA TIMUR TAHUN 2021-2024
Regional financial independence is a key indicator of the implementation of regional autonomy, reflecting a region's ability to finance government operations and development without relying on the central government. This study aims to analyze the influence of Local Own-Source Revenue (PAD), the quality of Human Resources (HR), and investment on the level of independence among regencies/municipalities in East Java Province during the 2021-2024 period. The study uses a quantitative approach with panel data regression analysis. The data consists of 152 observations from 38 regencies/municipalities over four years. The independent variables include PAD, the Human Development Index (HDI) as a proxy for HR quality, and Gross Fixed Capital Formation (GFCF) as an indicator of investment. The results show that PAD has a positive and significant effect on regional independence. The quality of human resources also has a positive and significant influence, indicating that improvements in education, health, and living standards enhance a region's capacity to manage development independently Investment likewise contributes positively, though its effect is more moderate compared to the other variables. Simultaneously, all three variables significantly influence regional independence. These findings suggest that increasing PAD, improving human resource quality, and encouraging investment are effective strategies to enhance the ability of local governments to independently manage development and public services on an ongoing basis
Copyright (c) 2025 Amelia Azza Rosydah, Faisol Faisol, Erna Puspita https://creativecommons.org/licenses/by-sa/4.0
PENGARUH PEMBIAYAAN MUDHARABAH, MURABAHAH, MUSYARAKAH TERHADAP KESEJAHTARAAN UMKM MELALUI LABA
This research is motivated by the importance of Islamic financing in supporting the growth and welfare of Micro, Small, and Medium Enterprises (MSMEs). Islamic financing schemes such as mudharabah, murabahah, and musyarakah offer alternative financing models based on profit-sharing and partnership, which are considered to be more equitable and capable of fostering sustainable business development. The purpose of this study is to analyze the influence of mudharabah, murabahah, and musyarakah financing on MSME welfare, and to examine the mediating role of profit in this relationship. This study employs a quantitative approach using primary data collected through questionnaires distributed to 100 MSME customers of Bank BTPN Syariah Kediri Branch. The analytical technique used is Structural Equation Modeling (SEM) with the SmartPLS software. The results show that mudharabah, murabahah, and musyarakah financing have a positive direct effect on MSME welfare. However, the indirect effect through profit is not statistically significant. These findings indicate that the improvement in MSME welfare is primarily driven by the direct impact of the financing received. The implications of this research highlight the importance of optimizing Islamic financing that focuses on empowering businesses directly. Islamic banks are expected to enhance literacy and provide ongoing support to MSME actors so that financing funds can be utilized productively to improve business capacity and sustainability.
Copyright (c) 2025 M. Rizky Mubarok, Faisol Faisol, Erna Puspita https://creativecommons.org/licenses/by-sa/4.0
PENGARUH RASIO KEUANGAN TERHADAP KINERJA KEUANGAN PERUSAHAAN BATU BARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023
This study aims to analyze the influence of financial ratios, including Profitability Ratio (Gross Profit Margin), Liquidity Ratio (Current Ratio), Solvency Ratio (Debt Ratio), and Activity Ratio (Inventory Turnover), on the financial performance of coal companies listed on the Indonesia Stock Exchange from 2019 to 2023. Financial performance is measured by Return on Assets (ROA). Using panel data regression with the Random Effect Model on 12 purposively selected companies with a total of 60 observation units, the results show that, partially, the profitability, liquidity, and solvency ratios have a significant effect on financial performance, while the activity ratio does not show a significant effect. Simultaneously, the four financial ratios significantly affect financial performance. The results are expected to aid company management, investors, and future researchers in evaluating financial performance in the coal industry.
Financial Ratios, Financial Performance, Coal Industry, Panel Data, IDX
Copyright (c) 2025 Zhah Rotul Nikmah, Sigit Puji Winarko, Faisol Faisol https://creativecommons.org/licenses/by-sa/4.0
PENGARUH INTERPERSONAL INFLUENCE, VISUAL APPEAL, DAN PORTABILITY TERHADAP PURCHASE INTENTION PRODUK BARENBLISS DI PLATFORM M-COMMERCE SHOPEE MELALUI HEDONIC DAN UTILITARIAN WEB BROWSING
Penelitian ini bertujuan untuk mengkaji pengaruh interpersonal influence, visual appeal, dan portability terhadap niat beli (purchase intention) konsumen terhadap produk Barenbliss melalui platform m-commerce Shopee, dengan melibatkan peran mediasi dari aktivitas browsing konsumen pada Shopee yaitu hedonic dan utilitarian web browsing. Penelitian ini menggunakan pendekatan kuantitatif dengan menyebarkan kuesioner secara daring kepada 343 pengguna aplikasi Shopee di wilayah DKI Jakarta. Analisis data yang digunakan yaitu menggunakan metode PLS-SEM melalui software SmartPLS versi 4.0. Hasil penelitian ini menunjukkan bahwa semua hubungan antara variabel independen (interpersonal influence, visual appeal, portability), variabel mediasi (hedonic dan utilitarian web browsing), dan variabel dependen (purchase intention) memiliki pengaruh yang posisif dan signifikan, baik secara langsung maupun melalui peran mediasi. Temuan ini mengindikasi bahwa elemen visual, pengaruh sosial, serta kemudahan dalam mengakses produk Barenbliss di Shopee memiliki peran penting dalam meningkatkan niat beli konsumen, kemudian peran mediasi pada aktivitas browsing konsumen juga berdampak pada keputusan pembelian konsumen.
Copyright (c) 2025 Amelia Sasmita Dewi, Terrylina Arvinta Monoarfa, Daru Putri Kusumaningtyas https://creativecommons.org/licenses/by-sa/4.0
PERAN KEBIJAKAN DIVIDEN DALAM MEMODERASI PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM
Tujuan penelitian ini adalah untuk menguji peran kebijakan dividen dalam memoderasi kinerja keuangan (likuiditas, profitabilitas dan leverage) terhadap harga saham. Populasi penelitian ini menggunakan perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) pada tahun 2021-2023. Terdapat 57 data sampel yang diperoleh dalam penelitian ini yang berasal dari 19 perusahaan manufaktur subsektor makanan dan minuman yang telah dipilih sesuai kriteria. Teknik pengambilan sampel pada penelitian ini menggunakan teknik purposive sampling dan teknik analisis yang digunakan adalah analisis regresi moderasi. Berdasarkan analisis data dan pembahasan yang sudah disimpulkan bahwa likuiditas dan leverage tidak berpengaruh terhadap harga saham. Sedangkan profitabilitas berpengaruh positif terhadap harga saham. Kebijakan dividen mampu memperkuat profitabilitas dan leverage terhadap harga saham. Namun kebijakan dividen berpengaruh negatif dalam memoderasi pengaruh likuiditas terhadap harga saham.
Copyright (c) 2025 Aristianti Okta Kurniawati, Zainal Alim Adiwijaya https://creativecommons.org/licenses/by-sa/4.0
Pengaruh Efikasi Diri, Sikap, dan Pendidikan Kewirausahaan Terhadap Niat Berwirausaha Siswa Smkn 48 Jakarta
Penelitian ini bertujuan untuk menganalisis pengaruh efikasi diri, sikap, dan pendidikan kewirausahaan terhadap niat berwirausaha siswa SMKN 48 Jakarta, dengan motivasi sebagai variabel mediasi. Penelitian ini menggunakan pendekatan kuantitatif dengan desain eksplanatori. Sampel penelitian terdiri dari 149 siswa kelas XI yang dipilih melalui teknik stratified random sampling. Pengumpulan data dilakukan dengan kuesioner yang telah divalidasi dan diuji reliabilitasnya. Teknik analisis data yang digunakan adalah Structural Equation Modeling–Partial Least Squares (SEM–PLS). Hasil penelitian menunjukkan bahwa efikasi diri, sikap, dan pendidikan kewirausahaan secara langsung berpengaruh positif dan signifikan terhadap motivasi, serta niat berwirausaha. Selain itu, motivasi terbukti berperan sebagai mediasi parsial antara ketiga variabel bebas terhadap niat berwirausaha. Penelitian ini memperkuat kerangka teori Theory of Planned Behavior (TPB) dan menegaskan pentingnya penguatan faktor psikologis serta pendekatan pendidikan praktis dalam membentuk karakter kewirausahaan siswa SMK. Temuan ini memiliki implikasi strategis dalam perancangan kurikulum kewirausahaan berbasis pengalaman serta pengembangan program pelatihan yang dapat meningkatkan efikasi diri dan motivasi siswa dalam menghadapi tantangan dunia usaha.
Copyright (c) 2025 Kalila Erianita Kusuma Wardhani, Dita Puruwita, Nofriska Krissanya https://creativecommons.org/licenses/by-sa/4.0
PENGARUH USER EXPERIENCE, ALGORITHMIC TRUST DAN SECURITY TERHADAP CUSTOMER LOYALTY MELALUI CONSUMER SATISFACTION PADA APLIKASI SPOTIFY
Penelitian ini bertujuan untuk menganalisis, menginterpretasi, dan mengkaji pengaruh loyalitas terhadap aplikasi Spotify pada masyarakat Daerah Khusus Jakarta. Penelitian ini menggunakan metode kuantitatif dengan media survei melalui Google Form. Teknik yang diadaptasi dalam penelitian ini menggunakan teknik non-probability sampling yaitu purposive sampling dengan sampel sebanyak 400 pengguna aplikasi Spotify di Daerah Khusus Jakarta, kriteria sampel terdiri dari: Pengguna aplikasi Spotify lebih dari tiga bulan dan berdomisili di Daerah Khusus Jakarta. Perangkat lunak yang digunakan untuk analisis data dalam penelitian ini menggunakan SmartPLS Versi 4.0 dengan teknik SEM-PLS (Structural Equation Modeling Partial Least Square). Hasil dalam penelitian ini menunjukkan bahwa semua hipotesis berpengaruh positif dan signifikan, kecuali hipotesis kepercayaan algoritmik terhadap loyalitas pelanggan yang menunjukkan bahwa hipotesis tidak berpengaruh positif dan signifikan.
Copyright (c) 2025 Desnita Arga Pramesty, Osly Usman, Daru Putri Kusumaningtyas https://creativecommons.org/licenses/by-sa/4.0
Pengaruh Environmental Knowledge, Green Advertising, dan Environmental Concern terhadap Green Purchase Intention pada Produk Pembalut Kain
This study aims to examine the effect of environmental knowledge (EK), green advertising (GA), and environmental concern (EC), on green purchase intention (GPI) on menstrual pad. Respondents are Generation Z women who live in Jakarta, Bandung, Surabaya, Medan, and Makassar. This study uses a quantitative approach through an online survey filled out by 421 respondents and analyzed using SmartPLS 4. The results showed GA and EC are proven to have a positive and significant effect on GPI. However, EK has a negative and insignificant effect on GPI. These findings can be utilized by manufacturers, marketers, government, and environmental organizations to encourage purchase intention towards environmentally friendly products such as menstrual pad.
Copyright (c) 2025 Rachela Putri Hanasti, Andi Muhammad Sadat, SE., M.Si., Ph.D, Annisa Lutfia, S.Pd., M.Pd https://creativecommons.org/licenses/by-sa/4.0
Pengaruh Animosity, Ethnocentrism, Subjective Norm terhadap Fast Food Boycott Intention yang Terafiliasi dengan Israel
Partial Least Squares Structural Equation Modeling (PLS-SEM) is a quantitative analysis technique used to measure the relationships between latent variables simultaneously. The purpose of this study is to examine the influence of animosity, ethnocentrism, and subjective norms on fast food boycott intentions in global brands such as McDonald's and KFC affiliated with Israel. Data was collected from 200 respondents spread across seven major cities on the island of Java, namely Jakarta, Bogor, Tangerang, Bekasi, Bandung, Surabaya, and Semarang. The measurement was carried out using 20 indicators from four variables with a Likert scale of 6. The model was analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method through Smart PLS software version 4. Most respondents were young women and college students, which were the dominant group in this study. The results of the study showed that the three variables, namely animosity, ethnocentrism, and subjective norms, had a positive and significant effect on fast food boycott intention directly.
Copyright (c) 2025 Nilnal Muna, Andi Muhammad Sadat, Daru Putri Kusumaningtyas https://creativecommons.org/licenses/by-sa/4.0
PENGARUH INDIKATOR MIKROPRUDENSIAL, MAKROPRUDENSIAL, DAN FINTECH TERHADAP STABILITAS SISTEM KEUANGAN DI INDONESIA
Financial stability is a crucial element in the effectiveness of monetary policy, because without stability in the financial sistem, monetary policy transmission cannot run optimally. Therefore, Bank Indonesia and the Financial Services Authority/OJK have an important role in maintaining financial system stability through various policies implemented. This study aims to identify the influence of microprudential, macroprudential, and fintech variables on the stability of the Indonesian financial system. Using the Vector Error Correction Model method. The results showed that microprudential variables: Capital Adequacy Ratio/CAR and Loan to Deposit Ratio/LDR, have an influence on financial system stability. From the macroprudential aspect, composite stock price index, inflation, and exchange rate proved to have a significant effect on financial system stability. Meanwhile, fintech variables such as ATM/Debit and credit card have an effect on financial system stability. Moreover, shocks to composite stock price index, exchange rate, and inflation are permanent, while CAR, LDR, e-money, ATM/Debit, and credit card variables cause financial system stability imbalances in the next eight quarters. The implication of this study confirms that BI, OJK, and related policy makers play a strategic role in maintaining and improving the stability of Indonesia's financial system.
Financial System Stability, Microprudential, Macroprudential, Fintech
Copyright (c) 2025 Rafael Chrissendy , Birgitta Saraswati https://creativecommons.org/licenses/by-sa/4.0
ASSESSING THE IMPACT OF EARNINGS QUALITY AND FINANCIAL FLEXIBILITY ON FIRM VALUE: INSTITUTIONAL OWNERSHIP AS A MODERATING FACTOR
The aim of this study was to empirically investigate the impact of financial flexibility and profits quality on business value with institutional ownership serving as a moderating variable. Since a company's worth increases with its cash management, this study examines cash holdings to gauge financial flexibility. All non-cyclical consumer sector businesses listed on the Indonesia Stock Exchange (IDX) in 2021–2023 make up the study's population. Purposive sampling combined with non-probability sampling was the sample strategy employed in this study, which yielded 67 firms. Using the SPSS software, this research method is called Moderated Regression Analysis (MRA). The findings demonstrated that firm value is unaffected by earnings quality. Because the market reaction is usually negative, low earnings quality cannot raise firm value. Firm value is positively and significantly impacted by financial flexibility. The correlation between business value and earnings quality is strengthened by institutional ownership. The association between corporate value and financial flexibility is weakened by institutional ownership. The corporation has not engaged in strategic decision-making with business-savvy institutional investors Because they think the business's cash reserves are susceptible to misuse by corporate management, investors do not include them in their investment.
Earnings Quality, Financial Flexibility, Institutional Ownership, Firm Value
Copyright (c) 2025 Ni Putu Anindya Sarasija Prameswari, Kadek Marlina Nalarreason https://creativecommons.org/licenses/by-sa/4.0
STRATEGI PENANGANAN STUNTING DI KABUPATEN JENEPONTO
The problem of stunting in Indonesia, especially in Jeneponto Regency, is a major challenge that affects the quality of human resources (HR). This study aims to identify internal and external environmental conditions that affect the prevalence of stunting in Jeneponto Regency, as well as to formulate and determine priority strategies in local government efforts to reduce stunting rates. This type of research is quantitative descriptive, with a population of 383 people. The research sample consisted of 80 randomly selected respondents, as well as 7 expert respondents who had in-depth knowledge of stunting issues in the area. The data analysis technique used was SWOT analysis to identify strengths, weaknesses, opportunities, and threats, as well as the Analytic Hierarchy Process (AHP) method with the help of the Expert Choice application to determine the most appropriate and relevant priority strategies. The results of the study showed that the local government's strategy in reducing the prevalence of stunting was in Quadrant I (Growth-Oriented Strategy). These results indicate that the stunting reduction program is in a fairly advantageous position by utilizing internal strengths as basic capital and available external opportunities. The alternative strategic priorities produced are community empowerment through education on the use of PKH assistance and other social assistance, as well as combining stunting reduction programs with family welfare improvement programs through economic empowerment, nutritious food processing training, and increasing access to easily accessible health facilities
Copyright (c) 2025 Sri Devi, Basri Bado , Citra Ayni Kamaruddin, Irwandi, Sri Astuty https://creativecommons.org/licenses/by-sa/4.0
FAKTOR PENENTU KEPUTUSAN PEMBELIAN DALAM SISTEM PEMBAYARAN BERBASIS FINTECH DITINJAU BERDASARKAN PROSPECT THEORY
Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi keputusan pembelian dalam sistem pembayaran berbasis financial technology bagi pengguna Shopee Paylater pada Mahasiswa Institut Teknologi dan Sains Mandala. Ditinjau dari prospect theory individu cenderung lebih enggan mempertaruhkan keuntungan (gain) daripada kerugian (loss) artinya jika sesuatu gagal, mereka cenderung lebih berani mengambil risiko daripada saat situasi berjalan baik. Populasi penelitian ini mahasiswa penerima beasiswa Institut Teknologi dan Sains Mandala angkatan 2021-2024 pengguna Shopee PayLater yang berjumlah 93 orang. Teknik pengumpulan sampel yang digunakan dalam penelitian ini adalah teknik purposive sampling. Metode pengumpulan data dalam penelitian ini adalah data primer dengan menyebarkan kuesioner. Metode analisis data yang digunakan Partial Least Squares Path Modeling (SEM PLS). Variabel yang digunakan dalam penelitian ini adalah perilaku konsumtif, persepsi risiko, literasi keuangan, promosi, dan ekuitas merek. Hasil penelitian menunjukkan bahwa perilaku konsumtif berpengaruh terhadap keputusan pembelian pada sistem pembayaran berbasis FinTech bagi pengguna Shopee PayLater. Sedangkan persepsi risiko, literasi keuangan, promosi dan ekuitas merek tidak berpengaruh terhadap keputusan pembelian pada sistem pembayaran berbasis FinTech bagi pengguna Shopee PayLater. Prospect Theory mencerminkan perilaku inrasional pada keputusan pembelian Shopee PayLater, hal ini karena diperkuat oleh indikator bahwa individu lebih memilih produk untuk menjaga penampilan dan cenderung berperilaku konsumtif jika Shopee menawarkan harga sesuai dengan kualitas. Dalam kasus ini, prospect theory menunjukkan bahwa individu cenderung mengambil risiko saat mereka kekurangan uang sehingga penggunaan kredit digital dapat menjadi keputusan irasional jika tidak direncanakan dengan baik.
Akuntansi keperilakuan, Behavioral Finance, Prospect Theory, Financial Technology, Shopee PayLater.
Copyright (c) 2025 Rachmatia Ika Riefthia, Nurshadrina Kartika Sari S.E., M.M dan Ihrom Caesar Ananta Putra, S.E.,M.Akun https://creativecommons.org/licenses/by-sa/4.0
PENGARUH TINGKAT PENDIDIKAN DAN GENDER TERHADAP TINGKAT PENGANGGURAN TERBUKA DI JAWA TENGAH TAHUN 2019 - 2022
Open unemployment is one of the main challenges in economic development, with the unemployment rate in Central Java fluctuating due to various factors, including education and gender. This study aims to analyze the influence of education level and gender on the Open Unemployment Rate (OUR) in Central Java Province during the period 2019–2022. The data for this study were obtained from the Central Bureau of Statistics (BPS) and analyzed using multiple linear regression with a quantitative approach. Our findings indicate that the level of education has a significant effect on the open unemployment rate. Meanwhile, the gender variable does not significantly affect the open unemployment rate. Simultaneously, education level and gender have a significant effect on the open unemployment rate, with a coefficient of determination (R²) of 41.5%, indicating that other factors beyond this study also influence the unemployment rate. Strategic measures are needed to reduce the Open Unemployment Rate (OUR) by strengthening the link between education and the industrial sector, as well as implementing responsive policies to support employment opportunities for all individuals.
Tingkat Pengangguran Terbuka, Tingkat Pendidikan, Gender
Copyright (c) 2025 Khofifah Wahyulianti, Eka Devi Septiani, Yuli Haryanti, Risma Setianingrum, Nina Farliana https://creativecommons.org/licenses/by-sa/4.0
Dampak Pemasaran Digital terhadap Pembelian Skincare: Sinergi Promosi Media Sosial, Ulasan Online, Harga, dan Kualitas Pelayanan
The skincare industry in Indonesia continues to grow rapidly, but Natasha Skincare faces challenges in the form of declining sales from 2020-2024. Competition in this industry is getting tighter due to the emergence of many new clinics, so purchasing decisions are an important factor in maintaining a business. This study aims to determine the extent to which social media promotions, online customer reviews, prices, and service quality influence Natasha Skincare purchasing decisions. This study uses quantitative techniques with 100 respondents, selected based on predetermined criteria (Purposive sampling), and filling out an online questionnaire sent via G-form. The data was then analyzed using IBM SPSS 26 which includes descriptive analysis, validity and reliability tests, classical assumptions, multiple linear regression, hypothesis testing, and coefficient of determination. The findings of this study indicate that social media promotions, online reviews, prices, and positive service quality significantly influence purchasing decisions. This study shows that Natasha Skincare needs to improve its social media promotion strategy, maintain positive online customer reviews, offer competitive prices, and ensure quality service. With the skincare industry facing intense competition, it is important to expand sales and maintain competitiveness amidst increasingly competitive competition.
Social Media Promotion, Online Review, Price, Service Quality and Purchase Decision
Copyright (c) 2025 Oktavia Ayu Lestari, Diana Aqmala, Guruh Taufan Hariyadi, Lenni Yovita https://creativecommons.org/licenses/by-sa/4.0
Digital Financial Literacy dan Financial Stress and Hardship: Analisis Mediasi Positive Financial Behavior Using Digital Finance terhadap Financial Well-Being pada Pasangan Muda Muslim yang Menikah di Tangerang
This study aims to determine and analyze Digital Financial Literacy and Financial Stress and Hardship: Mediation Analysis of Positive Financial Behavior Using Digital Finance on Financial Well-Being in Young Muslim Married Couples in Tangerang. This type of research uses quantitative with a causality approach using primary data in the form of questionnaires as a source of data collection. This study used Random Sampling of Young Muslim Married Couples in Tangerang with a total of 100 respondents. The data analysis technique used is SEM (Structural Equation Modeling) with the help of SmartPLS software version 4. The results showed that 1) DFL has no positive effect on FWB. 2) DFL has no positive effect on PFBUDF. 3) FSH has no positive effect on PFBUDF. 4) FSH has a positive effect on FWB. 5) PFBUDF has a positive effect on FWB. 6) PFBUDF does not play a significant role in mediating DFL and FWB. 7) PFBUDF plays a significant role in mediating FSH and FWB.
Positive Financial Behavior Using Digital Finance
Copyright (c) 2025 Aziizah Nur Pratiwi, Andi Amri https://creativecommons.org/licenses/by-sa/4.0
The Dynamics of Green Bond Effectiveness in Achieving Sustainable Development: A Comparative Study with a Scoping Review Approach
The implementation of environmental, social, and governance (ESG) principles integrated into business practices and public policies is a strategic step in realizing the 2030 Sustainable Development Goals (SDGs). However, this effort requires a lot of funding. To overcome these challenges, countries around the world have created innovative funding instruments specifically aimed at developing green projects, namely green bonds. The comparative study conducted used the scoping review method to assess the effectiveness of green bond issuance in various countries, identify challenges, and review various recommendations for the development of green bonds. The results of the study show that green bond issuance is still concentrated in certain sectors, such as energy and environmentally friendly building construction. Obstacles to green bond development vary from country to country, including aspects of issuance, regulation, and investor appeal. The articles referenced in this study comprehensively discuss the potential, benefits, challenges, and recommendations to maximize the role of green bonds as a sustainable funding solution.
Scoping review, sustainability accounting, public sector
Copyright (c) 2025 Istiqomah Nur Barokah, Agus Bandiyono https://creativecommons.org/licenses/by-sa/4.0
The Influence of Environmental Performance, Environmental Costs, and Company Size on Financial Performance
This study aims to analyze and describe the effect of environmental performance, environmental costs, and company size on financial performance. i This study used a purposive sampling method and obtained 11 company samples with a total of 33 company data from 92 manufacturing companies in the basic and chemical industry sectors listed on the Indonesian stock exchange in the period 2020-2022. The data analysis techniques used are quantitative methods with descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, coefficient of determination tests, and hypothesis tests consisting of the F test and t test. The results of the analysis show that environmental performance has no significant and negative effect on financial performance, while environmental costs have a significant and negative effect on financial performance, and company size has a significant and positive effect on financial performance
Environmental Performance, Environmental Costs, Company Size, Financial Performance
Copyright (c) 2025 Bartolome, Fibriyani https://creativecommons.org/licenses/by-sa/4.0
Factors Affecting Internal Audit Effectiveness with Application of Computer-Assisted Audit Techniques as a Moderating Variable
Driven by the internal audit ineffectiveness and fraud cases occurrence in various ministries/agencies, this quantitative study examines contribution of competence, autonomy, managerial support, communication and use of Computer-Assisted Audit Techniques (CAATs) to internal audit performance in the Ministry of Finance Inspectorate General, using CAATs as a balancing variable. Data was obtained through purposive sampling survey with a questionnaire and analyzed with SmartPLS 3.0 software. The findings are that knowledge, autonomy, management assistance, communication and the use of CAAT all have positive and significant impacts on internal audit performance. In addition, CAAT use moderates the association between competence and internal audit effectiveness, but has no effect on the associations between independence, management support, or communication and internal audit effectiveness. This paper will fill a research need by analysing CAAT implementation as a moderating factor and how it influences internal audit effectiveness. It also calls for improved internal auditor competence, autonomy, management support and communication and best practice implementation of CAAT based on the organisational requirements.
Copyright (c) 2025 Gomgom Parluhutan Sianturi, Choirul Anwar, Amrizal https://creativecommons.org/licenses/by-sa/4.0
PEMAHAMAN DAN KEPEDULIAN GREEN ACCOUNTING PARA PELAKU UMKM INDUSTRI BATIK DI KECAMATAN ROGOJAMPI BANYUWANGI
This research aims to analyze the understanding and awareness of Green Accounting among MSMEs in the batik industry in Rogojampi District, Banyuwangi Regency. This research is a qualitative descriptive research. Data collection methods in this research were interviews, documents and observations. The data analysis method is carried out by reducing data, presenting data, and conclusions. The research results show that two of the three batik industries in Rogojampi District, Banyuwangi, have an understanding and concern for implementing Green Accounting. This is proven by environmental concern, awareness of environmental costs, knowledge of business costs, knowledge of environmental costs, apart from that it is proven by recording the costs of environmental activities. However, there is one industry that has not implemented Green Accounting as indicated by the absence of a waste processing site so that waste can cause public unrest. This happens because of the lack of knowledge of industry owners.
Copyright (c) 2025 Milfalia Arvianti, Titin Kartini, Dwi Herlindawati https://creativecommons.org/licenses/by-sa/4.0