Jurnal Akuntansi, Keuangan, dan Manajemen

State-Owned Enterprises as Economic Drivers: Profitability and Solvency Analysis of Gross Domestic Product

2025-07-02T08:00:08+07:00

Purpose: This study aims to examine the effects of profitability and solvency on State-Owned Enterprises (SOEs) in Indonesia from 2012 to 2020.

Methodology/approach: Data processing was carried out using dynamic panel data regression analysis with the Generalized Method of Moments (GMM) approach, assisted by Stata 18 software.

Results: The results indicate that Net Profit Margin (NPM) has a positive and significant impact on economic growth, suggesting that operational efficiency within SOEs plays a role in driving national output. In contrast, Return on Equity (ROE) demonstrates a significant negative effect, which may reflect the inefficient reinvestment of profits or limited productive use of equity returns. Meanwhile, Return on Assets (ROA) and Debt Asset Ratio (DAR) show no statistically significant impact, implying that neither asset efficiency nor leverage structure alone strongly influences GDP growth during the observed period.

Conclusions: The findings show that previous GDP growth positively influences current GDP, underscoring the need for SOE profit strategies to support long-term sustainable growth over short-term gains.

Limitations: The financial indicators used in this study do not include other relevant dimensions, such as liquidity, which may influence national economic growth. Furthermore, this study does not explore the potential role of moderating or mediating variables (e.g., government spending or employment absorption) that could strengthen or weaken the relationship between SOEs’ financial performance and economic growth.

Contributions: This study provides strategic implications for policymakers and SOE management to optimize financial performance to support long-term development goals, including the realization of the Indonesia Emas 2045 vision.

Strengthening the Panca Budhi Indriya through Local Wisdom for the Competitiveness of Tourism MSMEs

2025-09-01T07:57:29+07:00

Purpose: This study aims to develop a model that links the local wisdom values of Panca Budhi Indriya with innovation capability to improve the competitive advantage of tourism SMEs in Bali. This study focuses on how cultural values foster innovation and strengthen market positioning.

Methodology/approach: The study will be conducted in three districts/cities in Bali, involving 150 tourism SMEs in the culinary, handicraft, and local accommodation sectors. A quantitative approach with an explanatory survey design was used. Data will be collected through questionnaires developed from the literature and validated by experts. Structural Equation Modeling (SEM) with SmartPLS or AMOS will be applied to test relationships and mediation effects.

Results/findings: The expected results are as follows: (1) local wisdom values have a significant positive effect on innovation capability; (2) innovation capability enhances competitive advantage; and (3) innovation capability mediates the relationship between local wisdom and competitive advantage. This study generates a tested conceptual model of culture-based SME competitiveness.

Conclusions: Panca Budhi Indriya, as part of Balinese cultural heritage, represents not only tradition but also a strategic resource that strengthens competitiveness when integrated with innovative capability.

Limitations: The study is limited to SMEs in the tourism sector in Bali and relies on self-reported data, which may contain biases.

Contributions: This study enriches the Resource-Based View (RBV) theory from a cultural perspective and provides practical guidance for SMEs, policymakers, and tourism programs to integrate cultural values into innovation strategies.

Financial Literacy as a Mediator of Gen Z’s Financial Management Behavior

2025-09-15T09:33:11+07:00

Purpose: This study examines the relationships between financial attitudes, socialization, experience, and knowledge and financial management behavior, with a specific focus on the mediating role of financial literacy among Generation Z in Batam City.

Methodology/approach: This study used a quantitative approach in Batam, Indonesia. Data were collected from 394 Generation Z respondents using a structured questionnaire adapted from prior research. The analysis was performed using PLS-SEM with the SmartPLS 3.0 software.

Results/findings: The findings show that financial socialization and experience significantly improve financial literacy, whereas attitudes and knowledge have little effect. Financial literacy directly influences financial management behavior and mediates the impact of socialization and experience, but not attitudes, highlighting its key role in shaping Generation Z’s financial behavior

Conclusions: The analysis confirmed that all variables met the validity and reliability standards. Socialization and experience significantly influenced financial literacy, whereas attitude and knowledge had minimal effects. It also directly affected financial management behavior and mediated the impact of socialization and experience, but not attitude.

Limitations: This study focused only on respondents from Batam and used quantitative methods. This study also did not consider other factors that may affect individual financial management and did not explore the mediating role of financial literacy in depth.

Contributions: This study offers insights into financial education by showing how practical experience and social interaction can enhance Generation Z’s financial literacy and guide the design of effective educational programs.

Adoption of Digital Technology and Marketing in Enhancing SMEs Business Performance

2025-09-30T18:35:32+07:00

Purpose: This study examines the effects of technology adoption and digital marketing on the performance of Small and Medium Enterprises (SMEs), with Human Resource (HR) readiness tested as a mediating variable.

Methodology/approach: A quantitative, cross-sectional survey was conducted with 300 SMEs in Kecamatan Manggala, Kota Makassar. Data were analyzed using partial least Squares–Structural Equation Modeling (PLS-SEM), including reliability, validity, and structural diagnostics.

Results: All seven hypotheses were supported. Technology adoption and digital marketing exert positive and significant effects on HR readiness and SME performance. HR readiness has a direct positive impact on performance and mediates the relationships between technology adoption, digital marketing, and business outcomes. The indirect effect through HR readiness is stronger for digital marketing than for technology adoption, underscoring the central role of human capacity in digital transformation.

Conclusions: Strengthening HR readiness is essential for converting digital adoption into higher SME performance. Programs that combine technology deployment with training and change management support are likely to yield greater and more sustainable performance gains for urban SMEs in developing countries.

Limitations: This study is limited to SMEs in one urban district, uses cross-sectional self-reported data, and does not account for wider contextual factors, such as policy, infrastructure, or market conditions.

Contributions: This study shows that HR readiness is a key mechanism through which technology adoption and digital marketing enhance SME performance, based on evidence from urban SMEs in a developing-country context, and highlights the need to align digital initiatives with human resource development to achieve sustainable performance gains.

The Effect of Carbon Emission Disclosure, Environmental Performance, and Firm Size on Profitability

2025-11-10T16:35:44+07:00

Purpose: This study examines the effects of carbon emissions disclosure, environmental performance, and firm size on profitability.

Research Methodology: Nineteen companies were selected as samples using purposive sampling. The study used secondary data sourced from the annual reports and sustainability reports of each company and analyzed using a multiple linear regression approach with a fixed-effects model using Microsoft Excel and EViews 12 software.

Results: The results of the research analysis indicate that carbon emission disclosure has a negative effect, environmental performance has no significant effect, while firm size has a positive effect on profitability in Indonesian mining companies.

Conclusions: Regression analysis shows that carbon emissions disclosure (X₁) has a negative effect, environmental performance (X₂) has no significant effect, and firm size (X₃) has a positive effect on profitability.

Limitations: This study is limited to three independent variables, an observation period of 2021–2023, and a focus on the mining sector; therefore, the results cannot be generalized to other sectors.

Contributions: This research is expected to benefit companies in making strategic decisions related to sustainability, investors in evaluating financial and non-financial performance, academics in enriching the literature on factors that influence profitability, and further researchers in expanding the variables, sectors, and research periods.

Quality Management System in Higher Education: A Main Pillar Towards Quality Higher Education

2025-08-13T15:38:17+07:00

Purpose: This study reviews Quality Management Systems (QMS) in higher education, examining key concepts, implementation models, impacts, and challenges. It highlights leadership, accreditation, technology, and quality culture as critical success factors and shows how globalization and digital transformation shape accountability, innovation, and continuous improvement.

Methodology/Approach: A qualitative descriptive approach was used through a literature review of 11 Scopus-indexed journals, identified via Publish or Perish with keywords “quality management system in higher education.” The thematic synthesis identified and interpreted the core themes.

Results/Findings: The findings show that models such as ISO 9001, TQM, and EFQM are widely adopted and aligned with continuous improvement cycles such as PPEPP. An effective QMS enhances the quality of learning, reputation, and employability. Success depends on leadership commitment, stakeholder engagement and contextual adaptability. Bridging theory and practice is essential for sustainable improvements.

Conclusions: Quality management systems in higher education face challenges from diverse stakeholder demands, weak implementation, and limited alignment with ISO 21001:2018. Policies without strong leadership and continuous evaluation are inadequate. TQM offers a comprehensive, evidence-based framework that strengthens the QMS and supports digital integration, engagement, sustainability, and global competitiveness.

Limitations: This study is limited to a literature review of 11 selected articles without primary data collection, which may be subject to search bias and researcher interpretation.

Contributions: This study consolidates diverse QMS models into a strategic reference for university leaders and identifies research gaps, particularly in integrating advanced technologies such as AI and blockchain.

Celebrity Endorsement Attributes and Consumer Purchase Decisions in Indonesia’s Electric Vehicle Market

2025-09-04T15:00:49+07:00

Purpose: This study investigates the influence of celebrity endorsement attributes visibility, credibility, attractiveness, and power on consumer purchase decisions for Electric Vehicles (EVs) in Indonesia, where adoption remains relatively low despite incentives and growing environmental awareness.

Methodology/approach: A quantitative survey was conducted with 385 Indonesian social media users. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to test the relationships between endorsement attributes and purchase behavior.

Results: The model explains 70.3% of the variance in purchase decisions. Power and visibility exerted the strongest influence, followed by credibility and attractiveness. These results indicate that consumers are more persuaded by endorsers who demonstrate authority, have a broad media presence, and possess authentic reputations, while attractiveness provides supplementary appeal.

Conclusions: The findings highlight the central role of celebrity endorsements in bridging the gap between consumer awareness and actual EV adoption. Collaboration with credible and visible public figures can accelerate sustainable consumption and position EVs as aspirational products in Indonesia.

Limitations: This study focused only on Indonesian social media users and excluded other potential determinants of EV adoption, limiting generalizability.

Contributions: This research extends endorsement theory into sustainable marketing and provides practical guidance for firms and policymakers to design effective communication strategies that leverage celebrity endorsements to promote eco-friendly innovations, especially electric vehicles.

The Influence of Entrepreneurial Education, Opportunity, Orientation, and Advantage on Firm Performance

2025-09-22T12:13:27+07:00

Purpose: This study examines how entrepreneurial education, opportunity orientation, and advantage interact to enhance entrepreneurs' performance in international markets. It aims to provide insights to strengthen SME competitiveness worldwide.

Methodology/approach: This study employs a quantitative survey, distributing questionnaires to 101 active entrepreneurs in the export-import and cross-border business sectors. The data were analyzed using partial least squares structural equation modeling, with variables based on validated literature.

Results: The findings show that entrepreneurial opportunities and entrepreneurial orientation significantly influence firm performance, whereas entrepreneurial education and entrepreneurial advantage do not, reinforcing prior studies on opportunity recognition, proactiveness, innovation, and risk-taking as global success factors.

Conclusions: The findings of this study indicate that the performance of international firms is largely and consistently influenced by entrepreneurial opportunity recognition and entrepreneurial orientation, highlighting the crucial role of proactive, innovative, and risk-taking behaviors in achieving superior outcomes in international markets. In contrast, entrepreneurial education and entrepreneurial advantage do not show a statistically significant direct effect on international firm performance, suggesting that formal knowledge acquisition and perceived competitive strengths may contribute only indirectly or through other mediating factors rather than exerting an immediate impact.

Limitations: This study is limited by its small sample size and focus on entrepreneurs already active in international business. Future research should consider additional factors, such as market access, digitalization, and organizational culture.

Contributions: This study highlights the key drivers of international firm performance and offers guidance for entrepreneurs, educators, and policymakers to enhance competitiveness, improve curricula, and shape supportive policies.

Socio-Economic Improvement of MSMEs through Digital Transformation in Metro City

2025-10-16T22:42:01+07:00

Purpose: This study analyzes the impact of digital transformation on the socioeconomic welfare of MSMEs, including income growth, access to resources, quality of life, and business sustainability.

Methodology/approach: This study used a mixed-methods explanatory sequential approach. The research population comprised 23,854 MSMEs in Metro City. This study employed a mixed-methods approach. Quantitative data were gathered from 100 respondents, selected via convenience sampling using the Slovin formula, and analyzed using Structural Equation Modeling (SEM). Qualitative insights were obtained through in-depth interviews with 15 purposively sampled MSME actors, and the data were examined through thematic analysis.

Results: Digital transformation had a positive and significant effect on all dimensions of the socio-economic welfare of MSMEs.

Conclusions: This study concludes that digital transformation has a positive impact on the socioeconomic welfare of MSMEs in Metro City by increasing income, access to resources, quality of life, and business sustainability.

Limitations: This study focused on certain variables related to digitalization, whereas many other external factors that may have influenced the results were not explored in depth.

Contribution: This research provides practical contributions to MSMEs and policymakers by demonstrating the positive impact of digital transformation on business prosperity. Academically, this study enriches the fields of digital management and economics through a holistic approach in the local MSME context.

Customer Satisfaction as a Mediator of Service Quality and Experiential Marketing on Online Transportation Loyalty

2025-07-22T00:58:07+07:00

Purpose: This study analyzes the direct and mediating influences of service quality, experiential marketing, and customer satisfaction on brand loyalty in the context of online transportation services in Bogor City.

Methodology/approach: Using a quantitative approach, data were obtained from 100 respondents determined using the Lemeshow formula and purposive sampling. The questionnaires were administered directly to the users of online transportation services. The collected data were analyzed using descriptive, associative, and path analysis techniques in SPSS version 25.

Results/findings: The findings indicate that both service quality and experiential marketing significantly impact customer satisfaction and brand loyalty. In addition, customer satisfaction has a positive influence on brand loyalty. However, customer satisfaction only served as a mediating variable in the relationship between experiential marketing and brand loyalty, and not in the relationship between service quality and brand loyalty.

Conclusions: Service quality and experiential marketing are crucial for enhancing customer satisfaction and brand loyalty. Positive experiences are stronger drivers of satisfaction and loyalty.

Limitations: The use of purposive sampling, a relatively small sample size, and the study’s focus on Bogor City may limit its generalizability.

Contributions: This study provides empirical evidence of the mediating role of customer satisfaction and practical insights for service providers to improve customer experience. This study also enriches the consumer behavior literature by emphasizing the role of experiential marketing and satisfaction in fostering brand loyalty.

Sustainability Reporting and Artificial Intelligence: A Systematic Literature Review

2025-09-02T14:21:44+07:00

Purpose: This study aims to evaluate the role of Artificial Intelligence (AI) in sustainability reporting. The main focus is on how AI can improve quality, efficiency, and transparency, as well as the challenges that arise in the application of AI in sustainability reporting.

Methodology/approach: The method used was a Systematic Literature Review (SLR) with three stages: planning, implementation, and reporting over the past five years (2020-2025) from 1,087 initial articles. After the PRISMA process, 30 relevant articles were selected and analyzed.

Results/Findings: The study found that the benefits of AI include improved efficiency and accuracy, management of big data, enhancement of transparency and accountability, and aiding in sustainable decision-making. The main challenges of this research are algorithm bias, personal data protection, cost and technology constraints, and the lack of global standards in AI-based reporting.

Conclusions: AI has the potential to improve quality and transparency through automation, predictive analysis, and efficient data management. However, its implementation requires regulations, guidelines, and ESG standardization.

Limitations: Most studies originate from developed countries, while developing countries contribute relatively little.

Contributions: This research highlights the importance of regulation and standardization in the implementation of AI in sustainable financial reporting. It describes the current state of affairs and provides a strong foundation for further research and policy formulation at the global level.

Influence of Internal Control System Effectiveness and Government Accounting Standards Implementation on Financial Report Quality

2025-09-17T07:51:30+07:00

Purpose: This study examines whether the effectiveness of the Internal Control System (ICS) and the implementation of Government Accounting Standards (GAS) affect the quality of financial reports in local government institutions in Palembang City. It aims to understand how these factors, both individually and jointly, improve the reliability, clarity, and responsibility of financial disclosures.

Methodology/approach: The study involved 32 local government institutions in Palembang City and used a quantitative survey. Data were collected from 96 financial management employees through purposive sampling and analyzed using multiple linear regression with SPSS version 25.

Results: The findings indicate that the effectiveness of ICS positively and significantly influences the quality of financial reports. The execution of GAS also has a beneficial and noteworthy impact. Additionally, both factors concurrently affect the integrity of financial reports of Palembang’s local government agencies.

Conclusions: This study confirms that the standard of financial reports generated by local government bodies is reliant on the efficiency of internal controls and the appropriate application of GAS, thus promoting accountability and transparency in the financial management of local governments.

Limitations: This research is limited to three variables: ICS effectiveness, GAS implementation, and financial report quality tested both partially and simultaneously in 2025. The research object includes all local government institutions in Palembang City, with respondents involved in the preparation of financial reports.

Contributions: This study highlights that the financial report quality in local governments depends on effective internal controls and proper implementation of Government Accounting Standards (GAS), which strengthen accountability and transparency.

Effect of Leverage, Fiscal Distress, and Fiscal Capacity on COVID-19 Accrual Manipulation

2025-10-13T08:56:45+07:00

Purpose: This study aims to analyze the effects of leverage, fiscal distress, and fiscal capacity on accrual manipulation in provincial governments in Indonesia during 2020–2022.

Methodology/approach: The research data used regional government financial reports audited by the Badan Pemeriksa Keuangan (BPK), with a sample size of 102 observations from 34 provinces over three years. The analysis method used was panel data regression with a Random Effects Model (REM) approach.

Results: The results show that leverage has no significant effect on accrual manipulation. Conversely, fiscal distress and fiscal capacity have a positive effect on accrual manipulation, indicating that high fiscal pressure and capacity encourage accounting flexibility to maintain the image and meet performance targets. Simultaneously, leverage, fiscal distress, and fiscal capacity contribute to the level of accrual manipulation by local governments during the COVID-19 pandemic.

Conclusions: This study concludes that fiscal distress and fiscal capacity significantly influence accrual manipulation among Indonesian provincial governments during the COVID-19 pandemic, whereas leverage has no effect. High fiscal pressure and capacity encourage accounting discretion to maintain the performance. Strengthening fiscal governance and audit oversight is essential for reducing the risk of manipulation in public financial reporting.

Limitations: The limitations of alternative indicators and objects to districts/cities.

Contributions: These findings have important implications for local governments in strengthening financial governance, auditors in increasing oversight of accrual items vulnerable to manipulation, and future researchers in expanding the variables and scope of research.

Financial Factors Determinant to MSME Performance

2025-08-20T11:39:42+07:00

Purpose: This study aims to examine the factors in financial management that influence the performance of MSMEs in Tegal City/Regency.

Methodology/approach: The factors tested include the use of accounting information systems, choice of capital structure, capital budgeting methods, working capital management, and financial technology utilization. The research approach was quantitative, with a population of 880 respondents and 100 samples taken by purposive sampling. Data were obtained using a survey method with a Likert scale questionnaire, which was then analyzed using the Partial Least Square application.

Results/findings: The results of the study indicate that in Tegal City and Regency, accounting information systems and capital structure factors have a positive impact on MSME performance, while capital budgeting, working capital, and financial technology have no effect.

Conclusions: This study implies that in MSMEs in Tegal City and Regency, the use of better accounting information systems and the selection of an effective capital structure can improve performance.

Limitations: Among the many MSME business sectors available, this research only examined 7 (seven) sectors.

Contributions: This study contributes to the literature by showing that MSMEs in Tegal City and Regency can improve their performance by using better accounting information systems and selecting an effective capital structure.

Perceived Value, Influencer Advertising, and Engagement for Enhanced Customer Loyalty and Advocacy

2025-09-04T09:22:05+07:00

Purpose: This study examines how influencer marketing and customer engagement enhance loyalty and advocacy, with perceived value as a key mediator, to clarify the mechanisms behind these effects in a competitive digital landscape.

Methodology: Using a quantitative survey of active online consumers, this study applied Partial Least Squares Structural Equation Modeling (PLS-SEM) to examine the direct effects of influencer-based advertising and customer engagement on perceived value, loyalty, and advocacy, as well as the mediating role of perceived value.

Results: The findings demonstrate that both influencer-based advertising (? = 0.452, p < 0.001) and customer engagement (? = 0.384, p < 0.001) significantly boost perceived value. In turn, perceived value significantly mediates the impact of these antecedents on customer loyalty and advocacy, highlighting its critical intermediary role. Notably, while influencer marketing and engagement exert strong direct effects on loyalty, only customer engagement, and not influencer marketing, directly influences advocacy.

Conclusions: Influencer-based advertising and customer engagement increase perceived value, strengthening loyalty and advocacy; however, only customer engagement directly influences advocacy.

Limitations: This study's cross-sectional methodology records data at only one particular moment, making it more difficult to identify changes over time and to draw conclusions about causal linkages.

Contributions: This research contributes to marketing theory and practice by pinpointing perceived value as the essential conduit linking marketing stimuli to lasting customer behaviors. It offers empirical evidence that both influencer strategies and engagement foster loyalty and advocacy principally by enhancing perceived value.

Integrative Model of Financial Literacy, Social Entrepreneurship, and Pentahelix Collaboration on MSME Performance

2025-09-23T13:44:34+07:00

Purpose: This study aims to analyze the influence of financial literacy, social entrepreneurship, and Pentahelix collaboration on the performance of MSMEs in Karanganyar Regency, with business innovation as a mediating variable. This study aims to understand how internal and external factors interact to improve the performance and competitiveness of MSMEs in the era of digital economy transformation.

Research Methodology: A survey of 382 MSME actors in Ngargoyoso, Karangpandan, and Tawangmangu was conducted. Data were analyzed using SEM-PLS with SmartPLS software, testing the outer model, inner model, and mediation to assess direct and indirect relationships.

Results: Financial literacy and social entrepreneurship impact MSME performance, while Pentahelix collaboration does not. All three positively influence innovation, which enhances performance. Innovation mediates the relationship between financial literacy and Pentahelix collaboration, but not social entrepreneurship.

Conclusions: This study expands the application of the theory of Resource-Based View and open innovation theories by emphasizing that innovation is a strategic bridge between internal resources and external collaboration in strengthening MSME performance and sustainability.

Limitations: This study only covers three sub-districts in Karanganyar Regency; therefore, the generalization of results needs to be done carefully.

Contributions: This study provides insights into how financial literacy, social entrepreneurship, and pentahelix collaboration impact MSME performance, with business innovation as a mediator. It extends the Resource-Based View and open innovation theories, offering valuable implications for enhancing MSME competitiveness and sustainability in the digital economy.

Analysis of CSR Program Disclosures in Sustainability Reports Based on GRI Standard and AA1000

2025-10-23T00:31:15+07:00

Purpose: This study examines the disclosure of CSR programs in the sustainability reports of banking companies included in the KBMI 4 category.

Methodology/approach: Qualitative analysis with descriptive analysis.

Results/findings: The analysis shows that the level of hunger disturbance based on the GRI Standards for banks in KBMI 4, has shown significant progress during the 2022-2024 period. All four banks consistently implemented the requirements in accordance with POJK No. 51/POJK.03/2017, with a high level of compliance with the general standards and accountability principles of AA1000, although there are still variations in disclosures of standard topics.

Conclusions: The sustainability report disclosure of KBMI 4 banks showed significant progress during 2022-2024. All four consistently complied to with POJK No. 51/POJK.03/2017 and AA1000 accountability principles, with generally high adherence to GRI Standard. Despite variations in topic disclosures, CSR reporting has become a key strategy to enhance image, public trust, and sustainable competitiveness.

Limitations: The scope of the study was limited to banks in KBMI 4, observation period only covered 2022-2024, focused on CSR disclosure and research data is secondary in nature.

Contributions: The Banks within KBMI 4 have implemented CSR programs to support sustainability in accordance with applicable standards and support sustainable development in Indonesia.

Impulse Buying MR. DIY Palu: Price Discount, Product Variety, dan Interior Display

2025-08-06T01:55:40+07:00

Purpose: This study aims to explore the factors that drive impulse-buying behavior among customers at MR. DIY Palu by examining the influence of price discounts, product variety, and interior displays.

Methodology/approach: The research was conducted at MR. DIY Palu using a quantitative approach and survey method. Data were collected through questionnaires distributed to 100 respondents using accidental sampling method. The analysis was carried out using multiple linear regression with SPSS software to determine the effect of price discount, product variety, and interior display on impulse buying.

Results/findings: The results show that price discounts and product variety have a significant positive effect on impulse buying, while interior display does not significantly affect impulse buying behavior. Simultaneously, all three variables jointly influence consumer impulse buying at MR. DIY Palu.

Limitations: This study focused only on MR. DIY Palu with a limited number of respondents and did not include other potential influencing factors such as psychological, situational, or demographic variables. Therefore, the findings may not be generalizable to all retail contexts or to other countries.

Contributions: This study contributes to the fields of consumer behavior and retail marketing by providing empirical insights into the in-store factors that trigger impulse buying. These findings can assist retail managers in formulating effective strategies to increase spontaneous purchases and improve store performance.

Conclusions: Overall, price discounts and product variety remain dominant drivers of impulse buying, emphasizing the importance of strategic pricing and diverse product offerings in retail environments.

Financial Performance Mapping of Property Companies After Ibu Kota Nusantara Discourse

2025-09-10T10:18:49+07:00

Purpose: The development of the IKN will cause a flow of residents from Jakarta to the IKN area. This move will increase the community's need for housing around the IKN. This increase in housing demand affects the performance of property companies, especially those listed on the IDX. Of the 90 property companies on the IDX, it is unclear which companies gave positive and negative responses. This study aims to map the responses of property companies regarding IKN development.

Methodology/approach: Data will be extracted from the financial report to carry out financial ratio analysis. After calculating the financial ratios of property companies, researchers divide the results into two categories: “GOOD” and “BAD.” The mapped results were then described using Radar Analysis. All methods were performed in Excel.

Results/findings: All eight radar charts show that most companies tend to have "GOOD" financial conditions based on the various financial ratios evaluated.

Conclusions: Property companies tend to respond positively to the IKN development discourse.

Limitations: This study is limited to property companies. It also only focused on some ratio analyses.

Contributions: This research can be used as a basis for future applied research that examines the influence of the IKN development discourse on company performance.

Enhancing Mosque Financial Transparency through a Mobile System under ISAK 35

2025-09-22T14:52:51+07:00

Purpose: This study develops a mobile-based financial reporting system for mosques under ISAK 35 to improve the reporting quality and donor trust through real-time updates.

Methodology/approach: Using the Rapid Application Development (RAD) method, this study covers system requirement analysis, design, implementation, and testing. Data were collected through observations, Focus Group Discussions (FGDs) with mosque administrators, and literature reviews. Usability was tested using black-box and task-based evaluations.

Results: The system generates ISAK 35–compliant reports, including statements of financial position, comprehensive income, cash flow, and changes in net assets. This enables real-time recording and reporting, thereby improving transparency and efficiency. Usability testing showed that administrators found the system to be intuitive and useful, although some struggled with adjustment entries. The system also improves financial literacy and donor confidence.

Conclusions: The ISAK 35–based mobile system strengthens mosque financial reporting and offers a practical and replicable model for nonprofit entities.

Limitations: The system is limited by database capacity (200 MB, 500 rows), lacks integration with digital payment tools (e.g., QRIS), and does not fully support multi-user or multi-entity functions. Limited accounting knowledge among administrators also affects usage.

Contributions: This study presents a digital financial management prototype that integrates ISAK 35 with mobile technology to build donor trust and improve responsible reporting. The model can be adapted for other nonprofits, such as churches, foundations, and NGOs.

Levers of Eco-Control: Linking Environmental Concern, Stakeholder Pressure in Predicting Green Behaviour

2025-10-10T21:57:30+07:00

Purpose: This study investigates the influence of environmental concern and stakeholder pressure on green behavior in hospital medical waste management, with the Levers of Eco-Control (LoEC) as a mediating variable. The research emphasizes the importance of managerial control systems in translating environmental strategies into sustainable operational practices.

Methodology: Data were obtained from 140 respondents directly involved in hospital waste management activities. The data were analyzed using the Structural Equation Modeling Partial Least Squares (SEM-PLS) method to test the relationships among environmental concern, stakeholder pressure, LoEC, and green behavior.

Results: Stakeholder pressure has a significant positive effect on both LoEC and green behavior. LoEC strengthens green behavior and mediates the relationship between stakeholder pressure and environmentally responsible practices. Conversely, environmental concern does not exhibit a significant direct or indirect influence through LoEC.

Conclusions: External stakeholder pressure and structured eco-control systems are more effective in encouraging sustainable behavior than individual awareness alone. The integration of LoEC enhances hospitals’ environmental accountability and compliance with sustainability standards.

Limitations: By focusing on behavioral factors, this study underscores the centrality of these factors in enhancing the effectiveness of sustainable medical waste management practices.

Contributions: This study extends the LoEC framework to the healthcare sector and provides theoretical and practical insights into how control-based mechanisms can institutionalize green behavior in medical waste management.