Indonesian Journal Economic Review (IJER)
It's a biannual refereed journal concerned with economic research and analysis in Indonesia and broader regional contexts. It provides a forum for academics, practitioners, and policy makers to explore issues and reflect on practices relating to economic development, policy, and theory. This journal is a peer-reviewed online journal dedicated to the publication of high-quality research focused on Indonesian economic issues and comparative economic studies. To submit your article to Indonesian Journal Economic Review (IJER), you can access the manuscript format from the author guidelines. → Download Template (English)
Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)
An Analysis of the Role of Fiscal Policy in Controlling CO2 Emissions in the Industrial Sector in Indonesia
Climate change and the growing dependence on fossil fuels have intensified the challenge of aligning Indonesia’s industrial development with its emission reduction commitments. This study analyzes the role of fiscal policy in controlling CO₂ emissions in Indonesia’s industrial sector during the period 2010–2023, with a particular focus on three fiscal instruments: carbon taxation, fossil fuel subsidies, and government expenditure on the energy and environmental sectors. Using a descriptive-analytical approach based on secondary time-series data from national greenhouse gas inventories, state budget documents, government reports, and international energy publications, this study compares the dynamics of industrial CO₂ emissions with the development of fiscal policy instruments. The findings show that industrial CO₂ emissions generally increased throughout the observation period, with a temporary decline during the COVID-19 pandemic and a sharp rebound in 2022–2023. This increase was closely associated with the expansion of energy-intensive industries and the continued reliance on coal-based energy, particularly in manufacturing and mineral processing activities. Fiscal policy has not yet provided a coherent emission-control signal. Carbon tax implementation remained limited and has not directly affected the manufacturing sector, while fossil fuel subsidies continued to create price distortions that weakened incentives for energy efficiency and renewable energy adoption. At the same time, government spending on environmental and renewable energy programs remained relatively small compared with the scale of fossil fuel subsidies. This study concludes that Indonesia’s fiscal policy still operates in two opposing directions: supporting emission reduction through carbon pricing and green expenditure, while simultaneously sustaining carbon-intensive industrial activity through energy subsidies. Strengthening fiscal coherence is therefore essential to align industrial growth with Indonesia’s low-carbon transition agenda.
Copyright (c) 2026 Viola Novaryca, Nayla Desviona, Lizabeth Sari Dewi, Asramid Yasin https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Audit Tenure, Auditor Switching on Audit Quality in Non-Financial Companies
This study aims to examine the effect of auditor tenure and auditor turnover on audit quality in non-financial companies listed on the Indonesia Stock Exchange. Audit quality has become a critical issue in maintaining the credibility of financial reports, particularly in the context of an increasingly complex business environment and the rapid development of digital audit technology. Auditor tenure and auditor turnover are structural factors that can influence auditor independence and competence, while digital audit tools represent technological adaptations in audit practice. This study adopted a quantitative approach using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS software. The sample consisted of 100 non-financial companies listed on the Indonesia Stock Exchange, selected through purposive sampling. Data were obtained from annual reports and financial statements. The analysis included evaluation of the outer model (convergent validity, discriminant validity, and reliability) and the inner model (path coefficients, R-square, and bootstrapping significance tests). The findings show that auditor tenure significantly influences audit quality in non-financial companies listed on the Indonesia Stock Exchange, indicating that a longer auditor-client relationship improves the auditor's understanding of company characteristics. Auditor turnover also significantly impacts audit quality in non-financial companies listed on the Indonesia Stock Exchange, highlighting the importance of maintaining independence through auditor rotation. This study contributes to the auditing literature by integrating technology variables into audit quality analysis and provides practical implications for auditors and regulators.
Copyright (c) 2026 Erlangga Setyawan, Rita Nurnaningsih, Tri Widyastuti Ningsih, Suryaningrum, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
Assessing the Impact of Job Promotion on Employee Performance: Evidence from Deposit Banks in Indonesia
This study examines the effect of job promotion on employee performance in the Indonesian banking sector. A quantitative approach was applied through questionnaires distributed to 100 employees who had received promotions within the last one to three years. Respondents were drawn from Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Mandiri, and Bank Central Asia (BCA). Employee performance was evaluated through three indicators: work productivity, job satisfaction, and organizational commitment. The findings indicate that job promotion has a positive effect on employee productivity, job satisfaction, and organizational loyalty. Employees who received promotions tended to demonstrate stronger work motivation and greater organizational attachment after occupying higher positions. The study also found that employee readiness and managerial support influenced the effectiveness of promotion policies in improving work performance. Fair and transparent promotion practices were associated with higher employee morale and stronger relationships between employees and the organization. These findings may assist banking management in developing promotion systems that are more objective, measurable, and aligned with employee performance improvement.
Copyright (c) 2026 Bagus Dirgantoro, Ari Widi Prakasa, Gusti Kade Birawan https://creativecommons.org/licenses/by-nc-sa/4.0
This study examines the effect of leverage and profitability on sustainable tax, using the effective tax rate (ETR) as a proxy for manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2021 and 2025. This study employs a quantitative research approach using secondary data obtained from manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2021 and 2025. The sample consists of 310 observations of publicly listed manufacturing companies on the IDX, selected through purposive sampling. Data analysis was performed using SPSS®26. Analytical techniques included descriptive statistics, classical assumption tests, multiple linear regression analysis, t-tests, F-tests, and hypothesis testing. Partial results indicate that leverage and profitability influence sustainable tax, using the effective tax rate (ETR) as a proxy, in manufacturing companies listed on the Indonesia Stock Exchange in 2021-2025. Simultaneously, leverage and profitability influence sustainable tax, using the effective tax rate (ETR) as a proxy, in manufacturing companies listed on the Indonesia Stock Exchange in 2021-2025. This study contributes to the accounting literature and provides practical implications for regulators, managers, and investors.
Copyright (c) 2026 Lailatun Nafisa, Ida Harahap, Muhammad Rispan Affandi, Erawati Kartika, Yulistina https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Solvency and Profitability on Firm Value with Dividend Policy as a Moderating Variable in the Infrastructure Sector for the Period 2020–2024
This study aims to analyze the impact of solvency and profitability on firm value, with dividend policy as a moderating variable, among infrastructure sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Solvency is measured using the Debt to Equity Ratio (DER), profitability using Return on Equity (ROE), firm value using Price to Book Value (PBV), and dividend policy using the Dividend Payout Ratio (DPR). This study employs a quantitative approach using the Moderated Regression Analysis (MRA) method. The research data was sourced from the companies’ annual financial reports, and 18 companies were selected through purposive sampling, resulting in 90 observations. The results indicate that, partially, the DER does not have a significant effect on PBV with a coefficient of -0.002 and a significance level of 0.550 > 0.05. ROE also does not have a significant effect on PBV with a coefficient of 0.254 and a significance level of 0.548 > 0.05. Meanwhile, DPR has a negative and significant effect on PBV with a coefficient of -0.676 and a significance level of 0.008 < 0.05. The interaction results indicate that DER×DPR has a significant positive effect on PBV with a significance level of 0.002 < 0.05, and ROE×DPR also has a significant positive effect on PBV with a significance level of 0.000 < 0.05. These findings suggest that dividend policy moderates the effects of solvency and profitability on firm value in the infrastructure sector.
Copyright (c) 2026 Ismi Indrian, Krisdiana https://creativecommons.org/licenses/by-nc-sa/4.0
Adoption of Certified Seeds by Farmers: A Perspective from the Theory of Trying
This study aims to analyze the adoption of certified seeds by farmers using the perspective of the Theory of Trying. The study is motivated by the importance of using certified seeds to improve productivity and sustainability in the agricultural sector; however, adoption rates vary among farmers. The research involves 473 farmers who are members of farmer groups and are located in the provinces of Banten, West Java, Central Java, and East Java. A purposive sampling technique was used to select participants. Data were collected through structured questionnaires and analyzed using Structural Equation Modeling (SEM) to test the relationships between variables in the research model. The results show that all hypotheses were significantly supported, indicating that constructs in the Theory of Trying, such as attitude toward the process of trying, subjective norms, attitude toward the success of trying, attitude toward the failure of trying, and attitude toward trying behavior, play an important role in encouraging the intention and behavior of farmers to adopt certified seeds. These findings provide theoretical implications for the development of adoption behavior models for agricultural technology and practical implications for governments and stakeholders in designing more effective policies and programs to increase the use of certified seeds among farmers.
Copyright (c) 2026 Shine Pintor Siolemba Patiro, Prisila Damayanti, Endi Rekarti https://creativecommons.org/licenses/by-nc-sa/4.0
Readiness of Prospective Teachers in Facing the Society 5.0 Era: A Study of Primary School Teacher Education Students at Universitas Muhammadiyah Prof. Dr. Hamka
The rapid advancement of digital technology in the Society 5.0 era necessitates the preparation of prospective teachers who are capable of integrating technological innovation with human-centered educational values. This study aims to analyze the readiness of prospective teachers in facing the challenges of Society 5.0, focusing on students of the Primary School Teacher Education Program (PGSD) at the Faculty of Teacher Training and Education, Universitas Muhammadiyah Prof. Dr. Hamka. Employing a quantitative approach with a descriptive survey design, data were collected through structured questionnaires distributed to undergraduate students. The instrument measured dimensions of readiness, including technological competence, pedagogical competence, professional competence, digital literacy, 21st-century skills, and humanistic values. The collected data were analyzed using descriptive statistics and inferential analysis with the assistance of Statistical Package for the Social Sciences (SPSS). The findings reveal that prospective teachers demonstrate a very high level of readiness to face the Society 5.0 era. Technological competence and digital literacy were identified as significant contributors to teacher preparedness. These results indicate that teacher education programs play a crucial role in equipping future educators with the competencies required to adapt to digital transformation while maintaining ethical and professional standards. The study contributes to the theoretical development of teacher readiness and provides practical implications for curriculum innovation and policy formulation in higher education.
Copyright (c) 2026 Desak Made Darmawati, Nur Busyra, Muhamad Alimudin https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Service and Product Quality on Customer Satisfaction (A Case Study at Geprek Mas Boy Pagar Alam, Rajabasa District, Bandar Lampung City)
In fulfilling human needs and responding to the competitive challenges of business activities, a well-directed and targeted market segmentation innovation is required. This can be achieved by implementing a carefully planned marketing mix strategy covering aspects of product, service, distribution, and promotion. Business potential in product marketing is always influenced by surrounding external factors and conditions. In this case, the phenomenon occurring at Geprek Mas Boy is the inadequate service provided to consumers, while the quality of the products served has still received negative evaluations from several customers. This is reflected in the Google ratings received by Geprek Mas Boy, which scored 3.8 out of 5.0. This study involved 63 respondents who completed the questionnaire. The results of this research are: 1) SPSS testing showed that the t-count value for service quality was 0.745 with a significance probability of 0.459. 2) SPSS testing showed that the t-count value for product quality was 4.598 with a significance probability of 0.001. This means that both variables have a positive and significant effect on customer satisfaction.
Copyright (c) 2026 Rico Ricardo, Iskandar Ali Alam https://creativecommons.org/licenses/by-nc-sa/4.0
Analyzing the Liquidity and Solvency of the Cement Industry in the Indonesian Market: Financial Challenges and Prospects
This study analyzes the liquidity and solvency of cement companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2025 period. The primary focus of the research is to identify the influence of financial ratios on the performance of cement companies, with particular attention to how liquidity and solvency ratios affect corporate stability and competitiveness in a highly competitive market. The study employs a descriptive quantitative approach, using secondary data collected from annual financial reports. The variables analyzed include liquidity ratios (Current Ratio and Quick Ratio), solvency ratios (Debt to Equity Ratio and Interest Coverage Ratio), and profitability ratios (Return on Assets and Return on Equity) as indicators of financial performance. The findings indicate that companies with strong liquidity and solvency ratios tend to maintain stable performance despite facing economic uncertainty. This study provides recommendations for cement companies to improve the management of financial ratios in order to strengthen their market position and ensure long-term operational sustainability.
Copyright (c) 2026 Susilowati Susilowati, Erni Yulianti, Robby Rahadi Putra https://creativecommons.org/licenses/by-nc-sa/4.0
Infrastructure Development Planning Based on Local Potential to Increase Farmers Income: (Case Study Porang of Kindang Village, Kindang District, Bulukumba Regency)
This study aims to examine the infrastructure planning process based on local conditions and potential, the role of the village government in supporting the development of local porang potential, and the efforts of porang farmers to develop a value chain to increase their income in Kindang Village, Kindang Subdistrict, Bulukumba Regency. This study employs a descriptive qualitative method using a case study approach. Data were collected through interviews, observations, and documentation from 20 informants (village government officials, porang farmers, porang traders, and community leaders), as well as through document analysis of the village medium-term development plan (RPJMDes), the village development work plan (RKPDes), and the village fund budget (DDS). Thematic data analysis was conducted through data reduction, data presentation, and drawing conclusions. The results show that although planning has been carried out in a participatory manner through village meetings, its effectiveness remains limited. The main finding highlights that road quality, especially farm roads, is a key factor in optimizing the value chain and selling price of porang. Limited access increases distribution costs and weakens farmers’ bargaining position, so the economic potential has not been fully utilized. Therefore, strong synergy between participatory planning, strengthening the role of the village government, and infrastructure development oriented toward agricultural production needs is essential to sustainably improve farmers’ income.
Copyright (c) 2026 Andi Asrul, Basri Bado, Muhammad Syafri, Muhammad Imam Ma'ruf, Diah Retno Dwi Hastuti https://creativecommons.org/licenses/by-nc-sa/4.0
Evaluating the Management Effectiveness of Free Nutritious Meal Program Funding: Program Managers' Perspectives at SPPG Muko Dayah
This study explores program managers' perceptions of fund management effectiveness for the Free Nutritious Meal Program (MBG) in Pidie Jaya. The findings reveal that fund management is perceived as effective, driven by a clear understanding of objectives, regulatory compliance, and functional internal oversight. Despite administrative challenges such as disbursement delays, program stability is maintained through adaptive internal coordination and field-level discretion. Theoretically, this research reinforces the Street-Level Bureaucracy framework, demonstrating that the adaptive capacity of implementers is crucial for localizing national policies. Practically, it suggests that central authorities must synchronize budget schedules with regional operational cycles to prevent liquidity constraints. These insights provide a foundation for future longitudinal studies on the maturation of new public service administrative systems.
Copyright (c) 2026 sifa Nuzula, Zahriatul Aini https://creativecommons.org/licenses/by-nc-sa/4.0
The Impact of Inflation and Government Expenditure on Economic Growth Moderated by Gross Domestic Product
This study examines the effect of inflation and government expenditure on economic growth, with gross domestic product (GDP) as a moderating variable. Economic growth reflects the overall performance of a country’s economy and is influenced by macroeconomic conditions and fiscal policy. Inflation represents price stability, while government expenditure reflects policy efforts to stimulate economic activity and support development. A quantitative approach is applied using correlation and regression techniques through path analysis, supported by EViews 12 software. Secondary data in the form of annual observations were obtained from the Central Statistics Agency (BPS) for the period 2018–2025. The analysis focuses on identifying both direct effects and the moderating role of GDP in the relationship between variables. The results show that government expenditure has a positive and significant effect on economic growth, indicating its important role in encouraging economic performance. Inflation does not show a significant effect, suggesting relatively stable price conditions during the observed period. GDP strengthens the relationship between government expenditure and economic growth, while no moderating effect is found in the relationship between inflation and economic growth.
Copyright (c) 2026 Ramadhani Kirana Putra, Afni Yeni, Rifqah Harahap, Ramadhani Hamzah, Musran Munizu https://creativecommons.org/licenses/by-nc-sa/4.0
The Role of Job Satisfaction and Transformational Leadership on Organizational Culture
This study explores the relationships between Job Satisfaction, Transformational Leadership, and Organizational Culture in private companies. By employing a quantitative research methodology, data was gathered from a sample of 105 employees through a purposive sampling technique to ensure a representative cross-section of the target population. The collected data were then analyzed using Partial Least Squares (PLS) regression, facilitated by SmartPLS version 3.29. The study's findings reveal that both Job Satisfaction and Transformational Leadership have a significant positive influence on the development of Organizational Culture within private sector organizations. Specifically, the results suggest that the role of leadership in shaping organizational values and fostering employee satisfaction plays a crucial part in strengthening the cultural foundation of a company. These insights emphasize that private companies should not solely focus on individual performance or leadership traits but also devote efforts to cultivating a robust organizational culture that aligns with the overall strategic objectives. The research provides valuable implications for companies seeking to enhance organizational performance by focusing on a more holistic approach to management and leadership development.
Copyright (c) 2026 Sri Hartati, Herni Utami Rahmawati, Amin Budiastuti, Rosalina Anindia Sari Kartika, Nurul Hasanah https://creativecommons.org/licenses/by-nc-sa/4.0
The Influence of Product Quality and Customer Satisfaction on Customer Loyalty
This research aims to examine and test the effect of product quality and customer satisfaction on customer loyalty at the Binama Tlogosari Semarang Sharia Cooperative. A quantitative approach was applied using multiple regression analysis to measure the relationship between variables. The sampling technique used accidental sampling, involving 73 respondents selected from cooperative customers. Data were collected through structured questionnaires and processed using IBM SPSS version 26 to ensure accurate and reliable results. The findings show that product quality has a positive and significant effect on customer loyalty. Customer satisfaction also demonstrates a positive and significant influence on loyalty. High product quality tends to build customer trust, while satisfaction encourages repeat transactions and long-term commitment. Both factors play an important role in maintaining stable relationships between customers and the cooperative. From a managerial perspective, maintaining consistent product standards and improving service quality are essential steps to sustain customer loyalty. Regular evaluation of customer perceptions and expectations is also necessary to support continuous improvement. Strong performance in these areas is expected to strengthen competitiveness and support the sustainability of the cooperative.
Copyright (c) 2026 Sarwo Eddy Wibowo, Femmy Effendy, Sattar, Arni Kurniati, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
Asymmetric Impact of Public Service Digitalization on Local Economic Productivity Transformation in Rural Indonesia
This study examines the asymmetric impact of public service digitalization on the transformation of local economic productivity in rural areas of Indonesia. Digitalization of public services is expected to improve efficiency, accessibility, and transparency; however, its benefits are not always evenly distributed across regions and communities. Using a quantitative approach, this research analyzes how variations in digital access, digital service utilization, institutional capacity, and human capital shape local economic productivity outcomes. Primary data were collected through a structured questionnaire from 100 respondents representing rural micro-entrepreneurs, community leaders, and local public service users. Data were analyzed using SPSS with multiple linear regression techniques. The results indicate that public service digitalization has a significant positive effect on local economic productivity, but the magnitude of its impact differs depending on digital literacy levels and infrastructure readiness. Digital access and service utilization significantly enhance productivity, while institutional capacity strengthens the effectiveness of digital transformation. Conversely, limited human capital creates an asymmetric effect, constraining productivity gains in less-prepared rural areas. Simultaneous testing confirms that all independent variables collectively influence local economic productivity. These findings highlight that digital transformation in rural public services must be accompanied by inclusive capacity-building policies to avoid widening productivity gaps. The study contributes to the literature on digital governance and rural economic development by providing empirical evidence from a developing country context.
Copyright (c) 2026 Mutiara Shifa, Sri Maryanti, Dian Ariani, Ngurah Pandji Mertua Agung Durya, Sugeng Karyadi https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Financial Report Readability, Accounting Policy Consistency, Performance Reporting Pressure, And Information Asymmetry on the Earnings Quality of Public Companies
This study examines the effect of financial report readability, accounting policy consistency, performance reporting pressure, and information asymmetry on the earnings quality of public companies. Earnings quality is a crucial indicator for investors and stakeholders because it reflects the extent to which reported earnings represent a firm’s true economic performance. Readable financial reports enhance transparency and reduce misunderstanding among users of financial statements. Accounting policy consistency ensures comparability and reliability of financial information across periods. Performance reporting pressure may encourage managerial opportunistic behavior, potentially reducing earnings quality. Meanwhile, information asymmetry arises when managers possess superior information compared to external stakeholders, which may increase earnings management practices. This study employs a quantitative research approach using secondary data obtained from publicly listed companies. The sample consists of 100 firm-year observations selected through purposive sampling. Data analysis was conducted using the Statistical Package for the Social Sciences (SPSS). The analytical techniques include descriptive statistics, classical assumption tests, multiple linear regression analysis, t-tests, F-tests, and hypothesis testing. The results indicate that financial report readability and accounting policy consistency have a positive and significant effect on earnings quality. Conversely, performance reporting pressure and information asymmetry have a negative and significant effect on earnings quality. Simultaneously, all independent variables significantly influence earnings quality. These findings suggest that improving transparency and consistency in financial reporting while reducing excessive performance pressure and information asymmetry can enhance the quality of corporate earnings. This study contributes to financial accounting literature and provides practical implications for regulators, managers, and investors.
Copyright (c) 2026 Mohammad Rizky Yahya, Putri, Muhammad Rispan Affandi, Ngurah Pandji Mertua Agung Durya, Merissa Fermica Iskandar Iskandar https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Compensation, Knowledge Management, and Benefits on Employee Performance
This study aimed to investigate the impact of compensation, knowledge management, benefits, and motivation on employee performance at BSI KC Pandanaran Semarang. The study targeted employees of BSI KC Pandanaran Semarang, with a total of 108 respondents participating in the research. A causal research design was employed, utilizing SPSS 26 software for instrument testing and descriptive analysis to assess the data. The results revealed that compensation, knowledge management, benefits, and motivation each have a significant influence on employee performance at BSI KC Pandanaran Semarang. These findings suggest that a well-structured compensation system, efficient knowledge management practices, attractive benefits, and high levels of motivation can enhance employee performance. The research provides valuable insights for management to design policies that foster a conducive environment for improving employee performance, ultimately benefiting the organization. Based on the outcomes, it is recommended that the company continuously review and improve these factors to sustain and enhance employee productivity and job satisfaction.
Copyright (c) 2026 Djunaedi Djunaedi, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
Compensation and Motivation as Determinant Bases of Employee Work Productivity
The purpose of this research was to analyze and examine factors that may influence employee work productivity at CV Klaten Energy. These factors include compensation and motivation. This research employed a quantitative method with regression analysis. Data were collected using an online questionnaire distributed to CV Klaten Energy production employees. The research population consisted of 58 CV Klaten Energy production employees. The sample was saturated/census sampling. Data were analyzed using IBM SPSS version 26 and subjected to several tests, including validity, reliability, classical assumption testing, multiple linear regression analysis, and the coefficient of determination test. The results of this research indicate that compensation and motivation significantly influence employee productivity at CV Klaten Energy. Higher compensation and motivation provided by leaders can increase work productivity.
Copyright (c) 2026 Dwiatmodjo Budi Setyarto, Ahmad Syauqi, Aniza Octoviani, Aprih Santoso, Dipa Teruna Awaludin https://creativecommons.org/licenses/by-nc-sa/4.0
Analysis of the Effects of Risk Management and Knowledge Sharing on Supervisory Effectiveness
This study examines the effect of risk management and knowledge sharing on supervisory effectiveness at PT Ungaran Sari Garment III, Pringapus 7 Unit. A quantitative approach was applied using data collected from 100 employees selected through a structured sampling technique. The data were analyzed using multiple linear regression with a significance level of 5 percent. The findings show that risk management has a positive and significant effect on supervisory effectiveness, indicating that well-implemented risk identification, assessment, and control procedures support more effective supervision. Knowledge sharing also demonstrates a positive and significant influence, suggesting that the exchange of experience, skills, and work-related information among employees contributes to better coordination and monitoring processes. Simultaneously, both variables strengthen supervisory effectiveness, as reflected in the coefficient of determination (R²) of 51.9 percent, while the remaining variance is explained by other factors not examined in this study. These results are consistent with enterprise risk management and knowledge management perspectives, which emphasize alignment between organizational systems and employee interaction in achieving effective supervision.
Copyright (c) 2026 Adrie Oktavio, Verina Wijaya, Moses Soediro, Agustinus Nugroho, Rizki Adityaji, Erris Kusumawidjaya https://creativecommons.org/licenses/by-nc-sa/4.0
Capital Structure and Social Signaling: A Dual Mechanism Analysis of Tax Aggressiveness in Emerging Markets
Purpose This research investigates the influence of capital structure and social signaling on corporate tax behavior, specifically testing the Monitoring Hypothesis and the Substitution Effect within the Indonesia Stock Exchange. Design and Methodology A quantitative explanatory design was employed, analyzing 85 observations from non financial companies. Data were retrieved from the Bloomberg Terminal and annual reports. The Generalized Linear Model (GLM) with a Gaussian distribution and identity link function was utilized to examine the causal relationships between the Debt to Equity Ratio (DER), Social Scores, and the Effective Tax Rate (ETR), while controlling for governance and innovation metrics. Findings Empirical Results demonstrate that DER has a significant positive effect on ETR, confirming that leverage serves as an effective external monitoring mechanism that reduces tax aggressiveness. Conversely, Social Scores exhibit a significant negative impact on ETR, supporting the Substitution Effect. This suggests firms utilize high social performance as a reputational shield to mask tax avoidance, validating the "CSR-Tax Paradox." Internal governance variables showed no significant influence. Originality and Value This study contributes to the literature by highlighting how external market signals such as leverage and social reputation that are more dominant drivers of tax behavior than internal oversight in emerging markets, providing regulators with new indicators for identifying tax risks.
Copyright (c) 2026 Happy Tatemba, Prayanthi https://creativecommons.org/licenses/by-nc-sa/4.0
Predicting Indonesia's Manufacturing Exports in the RCEP Region: A Machine Learning Approach to the Gravity Model of Trade
This study evaluates the structural determinants of Indonesia's manufacturing exports to Regional Comprehensive Economic Partnership (RCEP) member countries from 2007 to 2024. By utilizing a machine learning approach through the Random Forest algorithm within the Knowledge Discovery in Databases framework, this research transcends the rigid linearity assumptions of traditional econometric models. The computational model demonstrates superior predictive precision, with the model’s accuracy reaching a score of 0.983. A specialized variable importance analysis reveals that economic similarity is the primary catalyst for export flows, thereby strongly confirming the Linder hypothesis regarding intra-industry trade. Furthermore, fundamental gravity model variables, namely economic distance, population size, and gross domestic product, remain highly significant in dictating bilateral trade volumes. Interestingly, the empirical results indicate that the implementation of the RCEP pact and the global pandemic shock possess negligible immediate impacts on the export volume. This anomaly suggests a substantial time lag effect, as domestic industrial supply chains require a considerably long adaptation period to optimally capitalize on tariff eliminations. Consequently, this paper recommends strategic policy interventions for fiscal and customs authorities. The government must synergize logistical infrastructure improvements with targeted industrial incentives, particularly the super tax deduction for research and development and the Import Facility for Export Purposes. These synchronized efforts are essential to reduce economic distance friction, enhance structural competitiveness, and transform Indonesia's participation in the RCEP agreement into tangible manufacturing trade creation.
Copyright (c) 2026 Ilham Febri Budiman, Nindyta Lutfia Annur, Rachel Jenny Monintja https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Price and Product Quality are able To Create Customer Value Which Ultimately Drives Detergent Purchasing Decisions in Bekasi City
To determine the extent to which price and product quality are able to create customer value which ultimately drives detergent purchasing decisions in Bekasi City. This research is explanatory research through hypothesis testing to examine the effect of price and product quality on purchasing decisions with customer value as a mediating variable. The population of this study is all consumers who use Rinso detergent products in Bekasi City. Because the number of Rinso detergent users in Bekasi City, the population in this study is 2,543,676 (BPS, 2020). The selected respondents are customers domiciled in Bekasi City who have purchased and used detergent at least twice in the last three months, and are at least 18 years old. The sample used in this study uses the Slovin Formula with an alpha of 10%, based on the results of the formula, the number of samples in this study is 100 respondents. The results are regarding the effect of price and product quality on purchasing decisions with customer value as an intermediary variable, that the indicators of price affordability, price suitability with product quality, price comparison with competing products, and price suitability with benefits obtained.
Copyright (c) 2026 Naomi Frare, Ismail Razak, Iwan Kurniawan Subagja https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Motivation, Training, and Work Discipline on Soldier Performance at Ajen Kostrad
The objective of this study was to determine the influence of motivation, training, and work discipline on the performance of soldiers at the Army Strategic Reserve Command (Ajen Kostrad). This study used a quantitative research method with a descriptive and causal approach. Descriptive research aims to describe the research variables: motivation, training, soldier performance, and work discipline. The population in this study were soldiers at the Army Strategic Reserve Command (Ajen Kostrad) who specifically work in the Army Strategic Reserve Command (Ajen Kostrad). in the music, with amount total 40 person. Soldiers working in The music field has specific tasks and competencies related to the need for motivation, training, and high work discipline to support their performance. The results are in the form of implementation. task military more influenced by compliance to systems, orders, and work discipline; training influential to performance soldier, matter This prove that more and more often orderly activity the training provided will very effective For increase ability soldier in playing music; positive motivation has a significant influence on work discipline, work motivation is able to have a positive impact on the level of work discipline; positive influence training to soldier performance more nature direct, And No depends on role work discipline as mediator.
Copyright (c) 2026 Diyanna, Suharto, Rahmawantari https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Leadership Style and Work Motivation on Employee Satisfaction and Its Impact on Employee Performance at Pt.Dmc Teknologi Indonesia Manufacturing Department
The purpose of this study is to determine the effect of performance allowances and organizational justice on employee performance through organizational commitment at the Bekasi Religious Court. This study uses quantitative research with a descriptive approach. The population in this study were all employees at the Bekasi Religious Court, namely 60 employees. The sampling technique used in this study was saturated sampling which is included in non-probability sampling. Non-probability sampling is a sampling technique that does not provide equal opportunities or chances for each member of the population to be selected as a sample. The results of the study indicate that the performance allowance received makes employees perceive the performance allowance as a form of appreciation for work contributions, thus encouraging the formation of a stronger organizational commitment; the perception of justice tends to be seen as a normative system obligation, so that its existence does not directly increase the psychological attachment of employees to the organization.
Copyright (c) 2026 Arif Sudrajat, Imam Wibowo, Partogi S Samosir https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of ROE, DER, and EPS on Stock Prices of IDX Energy Companies (2020–2024)
This study examines the effects of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on the stock prices of companies in the IDX Energy sector during the 2020–2024 period. The research is motivated by the high volatility in the energy sector due to the COVID-19 pandemic, post-pandemic recovery, and global commodity price fluctuations, which may influence investor responses to firm fundamentals.Using a quantitative approach, this study analyzes secondary data from 15 companies selected through purposive sampling, resulting in 75 firm-year observations. The data were analyzed using panel data regression.The results show that ROE and DER have positive but statistically insignificant effects on stock prices, while EPS has a positive and statistically significant effect. Simultaneously, all variables significantly affect stock prices, with the model explaining 56.45% of the variation.These findings indicate that EPS is the most relevant financial indicator in explaining stock price movements of IDX Energy companies during the study period.
Copyright (c) 2026 Farhatul Azizah, Dr. Drs. H. Acep Komara, SE., M.Si., Ak., CSRS https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Work Engagement and Competency on Employee Performance with Motivation as a Mediation Variable at Bp3mi Jakarta
This study aims to find empirical evidence of the influence of work engagement and competence on employee performance mediated by work motivation in employees at BP3MI Jakarta. This study uses a descriptive quantitative research design. With a population of 65 employees, the sample was determined using a total sampling technique so that the number of samples is the same as the population, namely 65 employees. Data were collected using a questionnaire, which was then processed using multiple linear regression analysis and path analysis using SPSS 25. The results of the study indicate that work engagement and competence have a positive and significant effect on employee performance, work motivation has a negative and insignificant effect on employee performance, work engagement has a positive and significant effect on work motivation, competence has no effect on work motivation, work engagement has an effect on employee performance through work motivation, and competence has no effect on employee performance through work motivation.
Copyright (c) 2026 Berliandra Haryono, Suharto, Dhistianti Meirahmawati https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Performance Allowances and Organizational Justice on Employee Performance through Organizational Commitment Bekasi Religious Court Office
Copyright (c) 2026 Aditya Rahmat Setiawan, Partogi S Samosir, Eddy Sanusi Silitonga https://creativecommons.org/licenses/by-nc-sa/4.0
The Effect of Performance Allowances and Organizational Justice on Employee Performance Through Organizational Commitment at the Bekasi Religious Court Office
The purpose of System Remuneration and Competence on Employee Performance With Discipline Work As Variables Mediation at the Secretariat Directorate General Agricultural Infrastructure and Facilities. Objects studied in study This is employees in the Directorate General Agricultural Infrastructure and Facilities, which are part from the Ministry of Agriculture in Indonesia. Research time September to November 2025. Study This apply approach explanatory analysis, namely purposeful approach For observe and test connection causal between variables independent and variable the proposed dependent in hypothesis. The results of System Remuneration and Competence on Employee Performance With Discipline Work As Variables Mediation at the Secretariat Directorate General Agricultural Infrastructure and Facilities ”, the following conclusions can be drawn: remuneration and competence influential positive and significant to discipline work . With Thus, the hypothesis First tested; system remuneration and competence influential positive and significant to performance employee.
Copyright (c) 2026 Elvira Sondang, Hary Indratjahyo, M. Irawan Noor https://creativecommons.org/licenses/by-nc-sa/4.0
Influence Service Quality and Product Quality Towards Customer Satisfaction Through Purchasing Decisions At Kajan Bento Restaurant In Karawang Regency, West Java Province
This study aims to analyze the effect of service quality and product quality on satisfaction through customer purchasing decisions at Kajan Bento Restaurant, Karawang Regency. The respondents of this study were customers of Kajan Bento Restaurant in Karawang Regency, West Java Province. The data analysis techniques used were descriptive analysis and path analysis. The results of the study indicate that service quality and product quality have a positive and significant effect on the purchasing decisions of customers at Kajan Bento Restaurant in Karawang Regency, West Java Province. Service quality and product quality have a positive and significant effect on customer satisfaction at Kajan Bento Restaurant in Karawang Regency, West Java Province. Customer satisfaction has a positive and significant effect on the purchasing decisions of customers at Kajan Bento Restaurant in Karawang Regency, West Java Province. service quality and product quality have a positive and significant effect on customer satisfaction through the purchasing decisions of Kajan Bento Restaurant customers in Karawang Regency, West Java Province.
Copyright (c) 2026 Chella Aprianti, Ismail Razak, Dewi Rejeki https://creativecommons.org/licenses/by-nc-sa/4.0
Digital Transformation of Data-Driven School Management for Improving Education Quality in the Thousand Islands, Indonesia
This study examines the digital transformation of data-driven school management and its contribution to improving education quality in the Thousand Islands, Indonesia. The research addresses three objectives: assessing the level of digital readiness among island-based schools, analyzing current data management and utilization practices, and developing a contextual model of digital, data-driven school governance suitable for geographically isolated regions. A mixed-method explanatory sequential design was employed. Quantitative data were collected from 78 school leaders and administrative staff across 24 public elementary and junior secondary schools using structured questionnaires. Qualitative data were obtained through semi-structured interviews, observations, and document analysis to enrich statistical findings. Descriptive statistics indicated moderate levels of digital infrastructure readiness and data utilization. Pearson correlation and multiple regression analyses revealed that digital infrastructure readiness, data-driven management practices, and leadership support significantly predicted perceived improvements in education quality, with data-driven practices emerging as the strongest predictor. Qualitative findings highlighted adaptive leadership strategies, emerging digital governance roles, and evolving organizational cultures that support evidence-based decision making despite infrastructural limitations. The study concludes that digital transformation enhances education quality not merely through technological adoption but through the institutionalization of systematic data use and leadership-driven governance reform. The findings offer theoretical contributions to digital governance scholarship and practical guidance for policymakers seeking to strengthen education management in remote island contexts.
Copyright (c) 2026 Dede Latipah, Muhamad Alimudin, Dyah Prita Anggraini https://creativecommons.org/licenses/by-nc-sa/4.0