JURNAL ILMIAH EKONOMI DAN MANAJEMEN

ANALISIS KOMPARATIF KINERJA KEUANGAN BERDASARKAN RASIO LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS PADA PT EAGLE HIGH PLANTATIONS TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023

Irdian Irdian, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study amis to analyze and compare financial performance based on liquidity, solvency and profitability ratios at PT Egle High Plantations Tbk listed on the Indonesia Stock Exchange for the period 2019-2023. The data used in this study are secondary data in the form of annual financial statements. The research method used is a comparative method with a quantitative approach. Data analysis techniques use financial ratios including Current ratio to measure liquidity, Debt to Equity Ratio to measure solvency, and Return on Assets to measure profitability. The result show that the company’s financial performance fluctuated during the study period. Liquidity ratios indIcate an unstable ability to meet short-term obligations. Solvency ratios show a relatively high dependence on debt . Meanwhile, profitability ratios indIcate that the company’s ability to generate profits is still not optimal. This research is expected to provide consideration for management and investors in decision-making.

Pengaruh Struktur Modal, Total Asset Turn Over, Dan Current Ratio Terhadap Kinerja Keuangan Pada PT Kalbe Farma Tbk Periode 2015-2024

Muhammad Aulia Tanshir Saragih, Koes Indrakoesoema — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the effect of Debt to equity Ratio, Total Asset Turnover, and Current Ratio on Return on Assets, both partially and simultaneously, at PT Kalbe Farma Tbk during the period 2015-2024. This study uses a descriptive method with a quantitative Approach. So the analysis is focused on the processing and interpretation of numerical data sourced from the company's annual financial statements. The data used are secondary data obtained from the financial position statement and income statement, which are published consistently during the observation period and are considered representative in describing the company's financial condition over time. Data analysis is carried out through several stages, starting from classical assumption testing to multiple linear regression analysis. To assess the feasibility of the research model, correlation coefficient tests, determination coefficients, simultaneous tests (F), and partial tests (t) are used with the help of EViews 12 software. The test results show that DER has no significant effect on ROA, with a significance value of 0.1715 which is greater than the significance level of 0.05. Similar results were found for CR, which had a significance value of 0.3738, thus not being proven to have an effect on ROA. In contrast to TATO, this variable actually showed a positive and significant effect on ROA with a significance value of 0.0354, indicating that asset utilization efficiency plays a significant role in increasing company profitability. Meanwhile, the results of the simultaneous test showed that DER, TATO, and CR together did not have a significant effect on ROA, with a probability value of 0.068577. However, the Adjusted R² value of 0.503867 indicates that the research model is able to explain 50.39% of the variation in ROA. Meanwhile, the remaining 49.61% is influenced by other factors outside the analyzed variables.

Analisis Perbandingan Kinerja Keuangan PT Alam Karya Unggul Tbk dan PT Kedaung Indah Can Tbk

Nurillah Nurillah, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the comparison of financial performance between PT Alam Karya Unggul Tbk and PT Kedaung Indah Can Tbk as measured by liquidity and profitability ratios. The liquidity ratio is proxied by the Current Ratio (CR), while the profitability ratio is proxied by Return on Assets (ROA). This research uses a quantitative method with a comparative approach. The data used are secondary data in the form of annual financial statements of both companies during the period 2015–2024, obtained from the official websites of the companies. The sampling technique used is purposive sampling.The data analysis techniques include financial ratio analysis, normality test (Shapiro-Wilk), homogeneity test (Levene Statistic), and hypothesis testing using ANOVA. The results show that descriptively, the Current Ratio (CR) of both companies is in the good to very good category, while Return on Assets (ROA) tends to fluctuate and remains relatively low. The normality test indicates that the data are normally distributed, and the homogeneity test shows that the data are homogeneous.Based on the ANOVA test results, the significance values are greater than 0.05 for both CR and ROA variables, indicating that there is no significant difference in financial performance between PT Alam Karya Unggul Tbk and PT Kedaung Indah Can Tbk. This study is expected to contribute to academics and practitioners in understanding financial performance analysis based on financial ratios.

ANALISIS KOMPARATIF KINERJA KEUANGAN BERBASIS RASIO PADA PT NIPPON INDOSARI CORPINDO TBK DAN PT TUNAS BARU LAMPUNG TBK

Putri Amanda Safirah, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the comparative financial performance based on financial ratios of PT Nippon Indosari Corpindo Tbk and PT Tunas Baru Lampung Tbk. The method used is quantitative with a comparative approach. The data consists of annual financial statements analyzed using financial ratios, namely Current Ratio for liquidity, Debt to Equity Ratio for solvency, and Return on Assets (ROA) for profitability. The results show differences in financial performance between the two companies based on each ratio. Companies with better ratios demonstrate stronger ability in meeting obligations, managing capital structure, and generating profits through assets. This study is expected to provide evaluation material for companies and a reference for future research.

Analisis Studi Kelayakan Bisnis UMKM “Awas Pancong”

Sat, 02 May 2026 00:00:00 +0000

This study aims to analyze the feasibility of the culinary business “Awas Pancong” as an innovation of traditional food with a modern concept. The research employs a descriptive qualitative method using observation, interviews, and literature review, with analysis covering market, management, financial, and SWOT aspects. The results indicate that the business has strong market potential, particularly among students and the general public. Financial analysis shows an R/C ratio of 1.0216 and a Return on Investment (ROI) of 10%, indicating that the business is feasible, with a payback period of 2.22 years. The SWOT analysis highlights strengths in affordable raw materials and pricing, opportunities from modern culinary trends, as well as weaknesses in product durability and threats from competition.

Pengaruh Kompensasi Dan Lingkungan Kerja Fisik Terhadap Kinerja Karyawan Pada PT Bumi Berkah Boga Bekasi Barat

Corry Adrizka Chairunisa, Andri Priadi — Sat, 02 May 2026 00:00:00 +0000

This study aims to determine the effect of compensation and physical work environment on employee performance at PT Bumi Berkah Boga West Bekasi The method used in this study is with quantitative descriptive methods. The population in this study is employees of PT Bumi Berkah Boga which amounts to 55 employees and the sample in this study uses saturated samples, which uses the entire population as a sample. with an error rate of 5%. Data collection techniques in this study used questionnaires. Data analysis techniques with simple and multiple linear regression. The results showed that partial compensation (X1) had a positive effect on the performance of cariawan (Y) with a coefficient of 19.3% and Tcalculate (4.482>2.00665). The work environment (x2) has a positive effect on the performance of Y employees with a coefficient of determination of 3.3% tcalculate (-2.849<2.00665). Employee performance (Y), correlation coefficient Compensation (X1) and work environment (X2) have a moderate level of influence or relationship on employee performance with a coefficient of determination of 30.2% and Fcalculate (11.271>3.17). Based on the results of calculations that have been carried out, it can be interpreted that H1, H2 and H3 are accepted, this shows that it is proven that there is an influence of compensation and physical work environment on employee performance both partially and simultaneously.

Pengaruh Struktur Modal, Likuiditas, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada PT. Waskita Karya (Persero), Tbk Periode 2015-2024

Putriani Putriani, Faisal Faisal — Mon, 04 May 2026 00:00:00 +0000

This study aims to analyze the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Company Size on Financial Performance at PT Waskita Karya (Persero) Tbk for the 2015-2024 period. This study uses a descriptive method with a quantitative approach. The data used are secondary data obtained from the company’s financial statements during the study include descriptive stastistical analysis, classical assumption tests, multipe linear regression analysis, correlation coefficients, coefficients of determination, and hypothesis testing using t-tests and f-tests using SPSS version 26. The results indicate that the Debt to Equity Ratio (DER) partially has a significant negative effect on Financial Performance with a significance value of 0.088 < 0.5 and t-value > t-table (|-3.487| > 2.051). Meanwhile, the Current Ratio (CR) did not significantly influence Financial Performance, with a significance value of 0.218 > 0.05 and a calculated t-value < t-table (|1.388| < 2.051). Similarly, Company Size did not significantly influence Financial Performance, with a significance value of 0.434 > 0.05 and a calculated t-value < t-table (|-0.823| < 2.051). Simultaneously, Debt to Equity Ratio (DER), Current Ratio (CR), And Company Size did not significantly influeence Financial Performance, with a significance value of 0.059 > 0.05 and a calculated f-value > f-table (|4.375| > 4.07).

BEA MATERAI DI INDONESIA: Pengertian, Regulasi, Mekanisme, dan Permasalahan Penerapannya

Sifa Silfia, Ahmad Zhuhri — Tue, 05 May 2026 00:00:00 +0000

The purpose of this study is to examine how stamp duty is implemented in Indonesia, including its legal basis, functions, and scope, as well as the various issues that arise during its implementation, particularly in the digital age. The data sources consist of primary, secondary, and tertiary legal materials obtained through a literature review, and a descriptive-analytical normative legal approach was employed. The results of the study indicate that Stamp Duty serves two primary roles: a fiscal role to boost state revenue and a legal role to verify documents. Law No. 10 of 2020 brought significant changes due to technological advancements, such as the implementation of a single rate of Rp10,000 and the recognition of electronic stamps. However, in practice, numerous obstacles remain. These include a lack of public awareness, technical issues with e-Stamps, and deficiencies in infrastructure and regulations. Additionally, the implementation of Stamp Duty impacts taxpayer compliance levels; simplifying the system and increasing public outreach can improve compliance. Consequently, to optimize the implementation of Stamp Duty in the future, enhanced education, strengthened legislation, and the development of an integrated digital system are required.

PENGARUH KUALITAS PELAYANAN DIGITAL DAN KUALITAS PRODUK TERHADAP KEPUASAN KONSUMEN PADA PT CYBERINDO ADITAMA BRANCH BANTEN KOTA TANGERANG

Am. Daud Mu'min Shodiq, Erlita Kurniawaty — Wed, 06 May 2026 00:00:00 +0000

Penelitian ini bertujuan untuk mengetahui pengaruh Kualitas Pelayanan Digital dan Kualitas Produk terhadap Kepuasan Konsumen pada PT Cyberindo Aditama Branch Banten Kota Tangerang, baik secara parsial maupun simultan. Metode penelitian yang digunakan adalah metode kuantitatif dengan pendekatan Asosiatif dan pengolahan data kuesioner menggunakan aplikasi SPSS versi 27. Populasi dalam penelitian ini adalah konsumen PT Cyberindo Aditama, sebanyak 9.172 konsumen kemudian dilakukan perhitungan dengan menggunakan rumus slovin untuk menentukan seberapa banyak sampel yang dibutuhkan. Setelah perhitungan mendapat 98,92 dibulatkan menjadi 99 responden. Teknik analisis data menggunakan uji validitas, uji reliabilitas, uji asumsi klasik, analisis regresi, analisis koefisien korelasi, analisis koefisien determinasi, dan uji hipotesis.Hasil penelitian menunjukkan bahwa: (1) Kualitas Pelayanan Digital secara parsial berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, dibuktikan dengan nilai t _hitung > t _tabel (5,113 > 1,985) dan nilai signifikansi 0,000 < 0,05, dengan kontribusi pengaruh sebesar 21,2%. (2) Kualitas Produk secara parsial berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, dibuktikan dengan nilai t _hitung > t _tabel (5,164 > 1,985) dan nilai signifikansi 0,000 < 0,05, dengan kontribusi pengaruh sebesar 21,6%. (3) Secara simultan, Kualitas Pelayanan Digital dan Kualitas Produk berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, ditunjukkan oleh nilai F_hitung > F_tabel (29,964 > 3,09) dengan tingkat signifikansi 0,000. Berdasarkan uji koefisien determinasi, diperoleh nilai R Square sebesar 0,384. Hal ini menunjukkan bahwa variabel Kualitas Pelayanan Digital dan Kualitas Produk memberikan kontribusi pengaruh sebesar 38,4% terhadap Kepuasan Konsumen, sedangkan sisanya sebesar 61,6% dipengaruhi oleh faktor-faktor lain yang tidak diteliti dalam penelitian ini.

Kata Kunci: Kualitas Pelayanan Digital, Kualitas Produk, Kepuasan Konsumen.

PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PT ADIRA DINAMIKA MULTI FINANCE TBK DAN PT ASTRA SEDAYA FINANCE

Ifa Andriani, Puji Muniarty — Thu, 07 May 2026 00:00:00 +0000

This study aims to analyze the effect of liquidity and profitability on firm value at PT Adira Dinamika Multi Finance Tbk and PT Astra Sedaya Finance. The research method used is an associative method with a quantitative approach. The data used are secondary data in the form of financial statements for the period 2019–2023. Liquidity is measured using the Current Ratio (CR), profitability is measured using Return on Assets (ROA), and firm value is measured using Price to Book Value (PBV). The data analysis techniques used include multiple linear regression analysis, classical assumption tests, and hypothesis testing consisting of partial tests (t-test) and simultaneous tests (F-test). The results show that liquidity has no significant effect on firm value, while profitability has a positive and significant effect on firm value. Simultaneously, liquidity and profitability have a significant effect on firm value.

ANALISIS PERBANDINGAN RETURN ON ASSETS (ROA) DAN DEBT TO EQUITY RATIO (DER) TERHADAP NILAI PERUSAHAAN PADA PT NUSA RAYA CIPTA TBK DAN PT JAYA KONSTRUKSI MANGGALA PRATAMA TBK

Nani Yumiarni, Puji Muniarty — Thu, 07 May 2026 00:00:00 +0000

This study aims to analyze the comparison of Return On Assets (ROA) and Debt to Equity Ratio (DER) on firm value at PT Nusa Raya Cipta Tbk and PT Jaya Konstruksi Manggala Pratama Tbk. This research uses a quantitative approach with a comparative method. The data used are secondary data obtained from the companies’ financial statements for the period 2015–2024. The data analysis techniques include normality testing using Shapiro-Wilk and comparative analysis using the Mann-Whitney test. The results show that Debt to Equity Ratio (DER) has a significant difference between the two companies, while Return On Assets (ROA) and firm value do not show significant differences.These findings indicate that the main difference lies in the capital structure, while profitability and firm value are relatively similar.

Pengaruh Pertumbuhan Perusahaan, Leverage, Dan Audit Tenure Terhadap Audit Delay

Selvia Eka Sari, Lodang Prananta Widya Sasana — Thu, 07 May 2026 00:00:00 +0000

This research aims to empirically prove the influence of company growth, leverage, and audit tenure on audit delay. This research was conducted in manufacturing companies in the property and real estate sector. The research method used is quantitative. The type of data used is secondary data in the form of annual financial statements published on the Indonesia Stock Exchange (BEI) for the years 2019-2023. The sample was collected using the purposive sampling method. The number of companies sampled for the research was 22 companies over a 5-year period, resulting in a total of 110 observation data points. The results of the F statistical test show that company growth, leverage, and audit tenure simultaneously affect audit delay. The results of the t-statistic test for the company growth variable partially do not affect audit delay, whereas leverage partially affects audit delay, and audit tenure also partially affects audit delay.

Pengaruh Current Ratio (CR), Net Profit Margin (NPM) Dan Earning Per Share (EPS) Terhadap Price To Book Value (PBV) Pada PT. Gudang Garam Tbk, Periode 2015-2024

Hikmatul Baidoh, Fakung Rahman — Fri, 08 May 2026 00:00:00 +0000

This study aims to determine the effect of Current Ratio (CR), Net Profit Margin (NPM), and Earning Per Share (EPS) on Price to Book Value (PBV) at PT Gudang Garam Tbk for the period 2015–2024. This study uses secondary data with quantitative descriptive methods and an associative approach. The research population consists of PT Gudang Garam Tbk's annual financial reports during the research period. Data analysis includes descriptive statistics, classical assumption tests, multiple linear regression, and hypothesis testing using t-tests, F-tests, correlation coefficients, and determination coefficients with the help of SPSS Version 26 software. The results show that, partially, the Net Profit Margin (NPM) variable has a significant effect on Price to Book Value (PBV), while Current Ratio (CR) and Earning Per Share (EPS) do not have a significant effect on PBV. However, based on the simultaneous test results, CR, NPM, and EPS together have a significant effect on PBV. The correlation coefficient test results show an R value of 0.909, which means there is a very strong relationship between the independent variables and the dependent variable. Meanwhile, the results of the coefficient of determination test show an Adjusted R Square value of 0.739, indicating that CR, NPM, and EPS are able to explain 73.9% of the variation in PBV, while the rest is influenced by other variables outside the research model. Thus, it can be concluded that Net Profit Margin (NPM) is the most dominant variable influencing Price to Book Value (PBV) at PT Gudang Garam Tbk during the research period.

Analisis Fenomena Stigma Asal Universitas dalam Proses Rekrutmen Kerja Pada Fresh Graduate

Agnes Suwiko, Siti Nur Fadila, Azra Nur Fahresya, Rafika Meilia Sari — Sat, 09 May 2026 00:00:00 +0000

Discrimination based on university origin remains a phenomenon that influences the recruitmen process in Indonesia. Graduates from non-top-tier higher education institutions often face negative stigma, which limits their job opportunities despite possessing adequate competencies. This research aims to analyze the phenomenon of university origin stigma in the job recruitment process and identify the underlying factors. This study employs a qualitative approach using a literature review method, examining various secondary sources such as scientific journals, labor regulations, and relevant national news. The analysis is conducted to understand the patterns, causes, and impacts of institutional discrimination practices in workforce recruitment. The research findings indicate that university origin stigma is formed through social constructions influenced by the culture of educational hierarchy, perceptions of institutional reputation, and cognitive biases in the selection process by recruiters. This stigma implies inequalities in job access for graduates of non-top-tier higher education institutions and reinforces barriers to social mobility. This research contributes to enriching the study of discrimination in the labor market and emphasizes the importance of reforming the recruitment system to be more objective and competency-based, in order to create a fairer and more inclusive labor ecosystem.

Pengaruh Prosedur Manajemeen Sumber Daya Manusia Terhadap Kinerja Pekerja Di Era Digital

Sat, 09 May 2026 00:00:00 +0000

This study aims to analyze the influence of human resource management (HRM) procedures on employee performance in the digital era. Developments in information technology such as artificial intelligence, big data, and digital systems have driven a transformation in HRM practices, shifting from primarily administrative to more strategic and technology-based. This study used a quantitative approach with explanatory research methods to examine the relationship between HRM procedures as the independent variable and employee performance as the dependent variable. The results indicate that digital-based HRM procedures have a positive and significant impact on employee performance. This is evident in the increased effectiveness of digital recruitment, the quality of e-learning-based training, the objectivity of digital performance assessments, and the efficiency of internal communication through digital platforms. Furthermore, employee performance in the digital era is measured not only by work output but also by technological adaptability, collaboration, and work flexibility. These findings confirm that digitizing HRM procedures can improve employee productivity, efficiency, and work quality. However, the success of digitalization implementation is greatly influenced by organizational readiness, employee digital competence, leadership support, and an adaptive organizational culture. Therefore, organizations need to optimize the use of technology in every HRM process to sustainably improve employee performance in the digital era.

STRATEGI PENGELOLAAN KEUANGAN PERUSAHAN PADA PT GUNUNG RAJA PAKSI TBK UNTUK MENINGKATKAN KINERJA KEUANGAN

Rira Ayatul Husnah, Puji Muniarty — Sat, 09 May 2026 00:00:00 +0000

This study aims to analyze the financial management strategies implemented by PT Gunung Raja Paksi Tbk in improving the company’s financial performance. The research employs a descriptive qualitative method using secondary data obtained from the company’s financial statements for the period 2020–2025, sourced from official publications. Data collection was conducted through documentation studies, while data analysis utilized financial ratio analysis, including liquidity, solvency, activity, and profitability ratios. The results indicate that PT Gunung Raja Paksi Tbk experienced a significant improvement in financial performance during the study period. This is reflected in the increasing liquidity ratios, which show the company’s enhanced ability to meet its short-term obligations, and the decreasing solvency ratios, indicating a healthier capital structure with reduced dependence on debt. Furthermore, the improvement in activity ratios demonstrates more efficient utilization of assets in generating revenue, while the rising profitability ratios indicate the company’s success in increasing profits through effective cost management and revenue optimization. Overall, the study concludes that integrated and sustainable financial management strategies have a strong relationship with the improvement of the company’s financial performance. This research is expected to provide valuable insights for company management in making effective financial decisions and serve as a reference for future studies in the field of financial management.

PERBANDINGAN KINERJA KEUANGAN BERDASARJAN RASIO LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS PADA PT INDO TAMBANGRAYA MEGAH TBK DAN PT BUMI RESOURCE MINERALS TBK PERIODE 2019 - 2024

Nuraulia Nuraulia, Puji Muniarty — Sat, 09 May 2026 00:00:00 +0000

This study aims to analyze and compare the financial performance of PT Indo Tambang Raya Megah Tbk and PT Bumi Resources Minerals Tbk based on liquidity, solvency, and profitability ratios during the period 2019–2024. The research method used is a descriptive comparative method with a quantitative approach. The data used are secondary data in the form of annual financial reports obtained from the official company websites and the Indonesia Stock Exchange. The results show that PT Indo Tambang Raya Megah Tbk has superior financial performance compared to PT Bumi Resources Minerals Tbk. In terms of liquidity, PT Indo Tambang Raya Megah Tbk demonstrates a strong ability to meet its short-term obligations, while PT Bumi Resources Minerals Tbk shows fluctuating performance. In terms of solvency, both companies have relatively low debt levels; however, PT Indo Tambang Raya Megah Tbk exhibits a more stable capital structure. In terms of profitability, PT Indo Tambang Raya Megah Tbk shows a significantly higher ability to generate profits compared to PT Bumi Resources Minerals Tbk. The study concludes that the differences in financial performance between the two companies are influenced by their level of corporate maturity, where PT Indo Tambang Raya Megah Tbk is in a more stable phase, while PT Bumi Resources Minerals Tbk is still in a developmental stage.

Manajemen Sumber Daya Manusia dalam Perspektif Motivasi Kerja: Strategi Meningkatkan Kinerja Karyawan

Sat, 09 May 2026 00:00:00 +0000

Penelitian ini didorong oleh persaingan global yang semakin ketat, yang memaksa organisasi untuk mengelola tenaga kerja mereka secara efektif dan strategis, khususnya dengan meningkatkan moral karyawan. Moral dianggap sebagai elemen penting yang memengaruhi produktivitas, kualitas kinerja, dan loyalitas karyawan dalam mencapai tujuan organisasi. Tujuan penelitian ini adalah untuk mengevaluasi pengaruh strategi manajemen SDM terhadap peningkatan kinerja karyawan melalui moral dan untuk mengidentifikasi strategi yang paling efektif. Penelitian ini dilakukan dengan menggunakan pendekatan kualitatif deskriptif, yang melibatkan tinjauan pustaka melalui analisis berbagai sumber ilmiah yang relevan. Hasil penelitian menunjukkan bahwa implementasi strategi seperti menawarkan insentif yang adil, pelatihan dan pengembangan berkelanjutan, proses rekrutmen yang tepat, dan menciptakan lingkungan kerja yang positif dapat meningkatkan moral karyawan dan berdampak positif pada kinerja mereka. Lebih lanjut, moral bertindak sebagai jembatan antara kebijakan manajemen SDM dan kinerja karyawan. Oleh karena itu, penelitian ini menekankan pentingnya menempatkan moral sebagai pusat dalam merumuskan strategi manajemen SDM yang adaptif, efektif, dan berkelanjutan.

Pengaruh Promosi Dan Harga Terhadap Keputusan Penyewaan Kamera Pada PT. Arah Media Kreasi Bogor

Maryati Maryati, Muhamad Restu Wijaya — Sat, 09 May 2026 00:00:00 +0000

The purpose of this study is to determine the influence of promotion and price on camera rental decisions at PT. Arah Media Kreasi Bogor. This research uses a quantitative descriptive method with an associative approach. The sampling technique used is probability sampling, with sample selection based on the Slovin formula. The analysis methods include regression analysis, correlation coefficient analysis, coefficient of determination analysis, and hypothesis testing. The results of this study show that Promotion (X1) and Price (X2) have a significant influence on Rental Decision (Y), with the regression equation Y = 30.673 + 0.096 (X1) + 0.488 (X2) + α. The coefficient of determination shows a simultaneous influence of 18%. The partial hypothesis test for Promotion (X1) shows that tcount > ttable (3.239 > 1.290), indicating that H0 is rejected and H1 is accepted. This means there is a significant influence of the independent variable Promotion (X1) on Rental Decision (Y). The partial hypothesis test for Price (X2) shows that tcount > ttable (4.442 > 1.290), indicating that H0 is rejected and H2 is accepted. This means there is a significant influence of the independent variable Price (X2) on Rental Decision (Y). The simultaneous hypothesis test for Promotion (X1) and Price (X2) shows that Fcount > Ftable (9.965 > 2.360), indicating that H0 is rejected and H3 is accepted, which means Promotion (X1) and Price (X2) together have a significant influence on Rental Decision (Y).

PENGARUH PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PT SARANA MENARA NUSANTARA TBK

Amelia Amelia, Puji Muniarty — Mon, 11 May 2026 00:00:00 +0000

This study aims to analyze the effect of profitability and Firm Size on firm value at PT Sarana Menara Nusantara Tbk for the period 2019–2023. Profitability is proxied by Return on Assets (ROA), Firm Size is measured using the natural logarithm of total assets, and firm value is proxied by Price to Book Value (PBV). This research uses secondary data obtained from annual financial reports. The analytical method used is multiple linear regression analysis with classical assumption tests including normality, multicollinearity, heteroscedasticity, and autocorrelation. The results indicate that profitability has a positive and significant effect on firm value. Meanwhile, Firm Size has a positive but insignificant effect. Simultaneously, profitability and Firm Size significantly affect firm value with a coefficient of determination of 78.4%. These findings imply that improving profitability is more effective in increasing firm value compared to merely expanding company size.

PENGARUH LIKUIDITAS, PROFITABILITAS, DAN SOLVABILITAS TERHADAP KINERJA KEUANGAN PADA PT ARWANA CITRAMULIA TBK

Hafidatul Amanah, Puji Muniarty — Mon, 11 May 2026 00:00:00 +0000

This study aims to empirically examine the effect of liquidity, profitability, and solvency on the financial performance of PT Arwana Citramulia Tbk over a ten-year observation period from 2016 to 2025. This research adopts a quantitative method with an associative causal approach, aiming to analyze the relationship and causal effect among variables. The data used in this study are secondary data derived from the company’s annual financial statements. Liquidity is measured using the Current Ratio (CR), profitability is proxied by Return on Assets (ROA), solvency is measured using the Debt to Equity Ratio (DER), and financial performance is represented by Return on Equity (ROE). The analytical technique employed is multiple linear regression analysis, supported by classical assumption tests, t-test, F-test, and coefficient of determination (R²). The results of this study indicate that profitability has a positive and statistically significant effect on financial performance. Meanwhile, liquidity does not show a statistically significant effect, and solvency demonstrates a negative relationship with financial performance. Simultaneously, liquidity, profitability, and solvency collectively exert a significant influence on financial performance. These findings provide important implications for financial decision-making and investment evaluation.

PENGARUH WORK LIFE BALANCE DAN BEBAN KERJA TERHADAP KINERJA KARYAWAN: STUDI LITERATUR

Mon, 11 May 2026 00:00:00 +0000

Penelitian ini bertujuan untuk melihat bagaimana keseimbangan antara pekerjaan dan kehidupan serta beban kerja mempengaruhi hasil kerja karyawan dengan cara membaca dan menganalisis karya tulis yang sudah ada. Penelitian ini menggunakan metode deskriptif kualitatif dengan menganalisis 28 artikel ilmiah nasional yang diperoleh dari Google Scholar, ScienceDirect, ResearchGate, serta berbagai jurnal terkait. Dalam penelitian ditunjukkan bahwa keseimbangan antara pekerjaan dan kehidupan memengaruhi positif prestasi karyawan karena bisa memperbaiki semangat bekerja, efisiensi kerja, serta rasa puas saat bekerja. Selain itu, jumlah tugas yang diberikan juga memengaruhi hasil kerja. Jika jumlah tugas seimbang, maka pekerjaan akan lebih efektif. Namun, jika beban kerja terlalu berat, hal ini bisa menyebabkan stres dan mengurangi kualitas hasil kerja. Secara bersama-sama, keseimbangan antara pekerjaan dan kehidupan serta beban kerja mempengaruhi hasil kerja karyawan di berbagai jenis organisasi.

PENGARUH KERJASAMA TIM DAN LINGKUNGAN KERJA TERHADAP KINERJA KARYAWAWN PADA PT. NIKOS DISTRIBUTION INDONESIA, CABANG DEPOK

Riski Akbar Pandito, Rahmi Andini Syamsuddin — Tue, 12 May 2026 00:00:00 +0000

This study aims to analyze the influence of teamwork and the work environment on employee performance at PT. Nikos Distribution Indonesia, Depok Branch. The background of this research is based on findings of a decline in trust among employees and workplace noise, as well as suboptimal work quantity. This study uses a quantitative approach with an associative research design. The sample used was the entire population of 53 employees, using a saturated sampling technique. Data were collected through questionnaires and analyzed using simple and multiple linear regression, as well as t-tests and F-tests with SPSS version 27. The results show that the teamwork variable (X1) partially has a significant effect on employee performance (Y), with a t-count value of 8.583 > t-table 1.675 and a significance value of 0.001

< 0.05. Its contribution to employee performance is 59.1% (R² = 0.591). The work motivation variable (X2) also partially has a significant effect, with a t-count value of 13.211 > t-table 1.675 and a significance value of 0.001 < 0.05, and a contribution of 77.4% (R² = 0.774). Simultaneously, both variables X1 and X2 significantly influence employee performance, with an F-count value of 101.502 > F-table 3.183 and a significance value of 0.001 < 0.05. The simultaneous coefficient of determination is 80.2% (R² = 0.802), indicating that teamwork and the work environment together explain 80.2% of the variation in employee performance, while the remaining percentage is influenced by other factors. In conclusion, both teamwork and the work environment have a significant effect on employee performance, both partially and simultaneously. Therefore, improving trust among employees and paying attention to optimal workplace noise levels are very important in enhancing employee performance.

Peran Persepsi Risiko Dalam Memediasi Pengaruh Literasi Keuangan dan Media Sosial Terhadap Keputusan Investasi Mahasiswa di Kota Kediri

Annas AQ Algifari, Umi Nadhiroh, Anita Sumelvia Dewi; Ricard Ryan Fahrezi — Tue, 12 May 2026 00:00:00 +0000

Investment decisions among university students have become increasingly important along with the rapid growth of digital investment platforms and investment-related information on social media. This study aims to examine the effect of financial literacy and social media on investment decisions through risk perception as a mediating variable among university students in Kediri City. This research used a quantitative explanatory approach. The sample consisted of 160 students who had investment experience in the capital market and were selected using purposive sampling. Data were collected through an online questionnaire using a five-point Likert scale. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS. The results show that financial literacy has a positive and significant effect on investment decisions. Social media also has a positive and significant effect on investment decisions. Financial literacy and social media have positive and significant effects on risk perception, while risk perception has a positive and significant effect on investment decisions. Furthermore, risk perception mediates the relationship between financial literacy and investment decisions, as well as the relationship between social media and investment decisions. These findings indicate that students’ investment decisions are shaped by cognitive ability, digital information exposure, and risk evaluation. The study implies that financial education and critical evaluation of social media investment content are essential for improving students’ investment decision quality.

Pengaruh Pertumbuhan Penjualan dan Likuiditas terhadap Perubahan Laba dengan Kinerja Keuangan sebagai Variabel Mediasi pada Perusahaan Manufaktur Subsektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2022–2024

Ricard Ryan Fahrezi, Umi Nadhiroh, Rike Kusuma Wardhani, Annas AQ Al-Gifari — Tue, 12 May 2026 00:00:00 +0000

This study aims to examine the effect of sales growth and liquidity on earnings changes with financial performance as a mediating variable in manufacturing companies in the food and beverage subsector listed on the indonesia stock exchange (IDX) during the 2022–2024 period. The variables employed in this study include sales growth, liquidity proxied by the current ratio, financial performance proxied by return on assets, and earnings changes. This research adopts a quantitative approach using panel data regression analysis and mediation analysis through the sobel test. The analysis is conducted using two structural equations. The first structural equation employs the random effect model, while the second structural equation applies the common effect model, based on the results of model selection tests. The findings indicate that sales growth has a negative and significant effect on earnings changes. Liquidity, as measured by the current ratio, has a positive but insignificant effect on earnings changes. Similarly, financial performance, proxied by return on assets, has a positive but insignificant effect on earnings changes. Furthermore, financial performance is unable to mediate the effect of sales growth on earnings changes and is also unable to mediate the effect of liquidity on earnings changes.

PENGARUH DISIPLIN KERJA, MOTIVASI KERJA, DAN BUDAYA ORGANISASI TERHADAP KINERJA KARYAWAN PADA AMARTHA MIKRO FINTECH DI SUMBAWA, NUSA TENGGARA BARAT

Ida Yaturroi, Sri Wahyulina — Wed, 13 May 2026 00:00:00 +0000

This study aims to determine the significance of: (1) Work discipline on employee performance, (2) Work motivation on employee performance, and (3) Organizational culture on employee performance at Amartha Mikro Fintech Sumbawa (West Nusa Tenggara). This study is an associative study with a quantitative approach using a census technique, with all 33 employees serving as respondents. Data collection techniques were conducted through questionnaires, interviews, and documentation. Data analysis used multiple linear regression with the help of IBM SPSS version 26. The results show that: (1) Work discipline has a positive and significant effect on employee performance, (2) Work motivation has a positive and significant effect on employee performance, and (3) Organizational culture has a positive and significant effect on employee performance. Simultaneously, all three variables significantly influence employee performance.

Analisis Yuridis Wanprestasi dalam Perjanjian Kerja serta Perlindungan Hukum bagi Para Pihak

Cici Marliani, Deva Nur Fateha , Devia Octi Pertiwi — Thu, 14 May 2026 00:00:00 +0000

Abstract. Employment agreements are the main foundation in labor relations, binding workers and employers to mutually fulfill rights and obligations. However, in practice, breach of contract often occurs, either by workers or employers. This study aims to analyze the forms of breach of contract in employment agreements, their legal consequences, and the legal protection available to the disadvantaged parties. The research method used is normative juridical with statutory, conceptual, and case approaches. Primary legal materials include the Civil Code, Law No. 13 of 2003 on Manpower, and Law No. 2 of 2004 on Settlement of Industrial Relations Disputes. The results show that breaches committed by employers are easier to prove and may result in administrative to criminal sanctions, while breaches committed by workers require a high standard of proof and rarely lead to termination of employment. Preventive legal protection through standardization of employment agreement content and repressive protection through industrial relations dispute settlement mechanisms have been comprehensively regulated, but implementation still faces obstacles such as lengthy resolution processes and disparities in court decisions. Legal gaps are also found in the protection of digital platform workers who do not have written employment agreements. This study recommends the issuance of implementing regulations categorizing the severity levels of worker violations and revising labor laws to accommodate non-standard workers in the digital economy era.

"Keywords: Breach Of Contract, Employment Agreement, Legal Protection

Analisis Deskriptif Current Ratio, Debt to Asset Ratio dan Return on Asset pada PT Tempo Scan Pasific Tbk

Nabillaa Nabillaa, Puji Muniarty — Fri, 15 May 2026 00:00:00 +0000

This study aims to determine the condition and development of the Current Ratio (CR), Debt to Asset Ratio (DAR), and Return on Assets (ROA) at PT Tempo Scan Pacific Tbk during the period 2016–2025. The research method used is a quantitative descriptive method using secondary data in the form of the company's annual financial reports. Data collection techniques were carried out through documentation and literature studies. Data analysis was carried out by calculating financial ratios using the Current Ratio, Debt to Asset Ratio, and Return on Asset formulas, then analyzed descriptively through tables and interpretation of the company's financial ratio developments. The results of the study indicate that the company's Current Ratio is in very good and stable condition because it is always above the general liquidity standard. The Debt to Asset Ratio shows a downward trend in recent years, thus reflecting the company's healthy solvency condition with a relatively low debt level. Meanwhile, Return on Assets shows quite good development despite experiencing a decline in 2017–2018. The company was able to maintain a stable level of profitability until the end of the study period. Overall, the company's financial condition is considered healthy, stable, and able to manage assets and liabilities efficiently.

PENGARUH KEPEMIMPINAN TRANSFORMASIONAL DAN KUALITAS SUMBER DAYA MANUSIA TERHADAP PENGEMBANGAN ORGANISASI MUSEUM NEGERI NUSA TENGGARA BARAT (NTB) DALAM ERA TRANSFORMASI DIGITAL

Diana Istiana, Muttaqillah Muttaqillah — Fri, 15 May 2026 00:00:00 +0000

This study aims to analyze the influence of transformational leadership and human resource quality on the organizational development of the in the Digital Transformation Era. The type of research employed is causal-associative research, and data collection was conducted using a census method. The population in this study consists of employees of the NTB State Museum, totaling 50 employees. Data analysis was performed using Multiple Linear Regression with IBM SPSS version 26. The results of the study indicate that: (1) Transformational Leadership has a positive and significant effect on the Organizational Development of the NTB State Museum, (2) Human Resource Quality has a positive and significant effect on the Organizational Development of the NTB State Museum.

Pengaruh Labelisasi Halal, BPOM, Dan Citra Merek Terhadap Pembelian Produk Skincare Pada Mahasiswi Ekonomi Syariah 2023 Universitas Sultan Ageng Tirtayasa

Wiwit Mahyani, Moh Mukhsin — Fri, 15 May 2026 00:00:00 +0000

The beauty product industry, including skincare, has experienced rapid growth in recent years. In Indonesia, as a country with a majority Muslim population, the need for halal skincare is very high. Students majoring in Sharia Economics at Sultan Ageng Tirtayasa University, with a good understanding of Islamic law, are more selective in choosing skincare products. This study aims to understand the factors that influence purchasing decisions for skincare products for Sharia Economics students at Sultan Ageng Tirtayasa University. The factors studied include halal labeling, BPOM certification, and brand image. This research uses quantitative methods with saturated sample techniques. The results showed that the halal label, BPOM certification, and brand image had a significant effect on purchasing decisions for skincare product

PENGARUH CAPITAL ADEQUACY RATIO (CAR) DAN NON PERFORMING LOAN (NPL) TERHADAP PROFITABILITAS (ROA) PADA PT. BANK NEGARA INDONESIA (PERSERO) TBK

Arif Setiawan, Puji Muniarty — Fri, 15 May 2026 00:00:00 +0000

This study aims to analyze the effect of Capital Adequacy Ratio (CAR) and Non-Performing Loan (NPL) on profitability as measured by Return on Assets (ROA) at PT Bank Negara Indonesia (Persero) Tbk. The research method used is a quantitative approach with an associative design. The data utilized are secondary data in the form of annual financial statements of PT Bank Negara Indonesia (Persero) Tbk during the observation period. The data analysis techniques include multiple linear regression analysis, classical assumption tests, and hypothesis testing consisting of t-test and F-test. The results show that partially, the Capital Adequacy Ratio (CAR) has a positive and significant effect on Return on Assets (ROA), while Non-Performing Loan (NPL) has a negative and significant effect on Return on Assets (ROA). Simultaneously, CAR and NPL have a significant effect on ROA. These findings indicate that higher capital adequacy and lower levels of non-performing loans will improve the bank’s profitability.In conclusion, capital management and credit risk control are crucial factors in enhancing the financial performance of banks. Therefore, PT Bank Negara Indonesia (Persero) Tbk is expected to maintain an optimal CAR level and reduce NPL ratios to improve profitability.

ANALISIS EFISIENSI MANAJEMEN MODAL KERJA DAN RASIO LIKUIDITAS PADA PT ULTRAJAYA MILK INDUSTRY & TRADING COMPANY TBK DAN PT MULTI BINTANG INDONESIA TBK PERIODE 2010–2024

Nurmailah Nurmailah, Puji Muniarty — Fri, 15 May 2026 00:00:00 +0000

This study aims to analyze and compare the efficiency of working capital management and liquidity ratios between PT Ultrajaya Milk Industry & Trading Company Tbk and PT Multi Bintang Indonesia Tbk during the 2010–2024 period. The research uses a quantitative comparative approach with secondary data obtained from annual financial reports published by each company through the Indonesia Stock Exchange and official company websites. The variables used in this study include Working Capital Turnover (WCT), Current Ratio (CR), Quick Ratio (QR), and Cash Ratio (CaR). The analytical method applied consists of descriptive comparative analysis and financial ratio analysis to evaluate the efficiency of working capital utilization and liquidity performance. The results indicate that PT Multi Bintang Indonesia Tbk tends to have a higher Working Capital Turnover ratio due to efficient inventory and receivable management, while PT Ultrajaya Milk Industry & Trading Company Tbk demonstrates relatively more stable liquidity ratios. The findings show differences in financial management strategies between the two companies in maintaining operational efficiency and short-term obligations. This research is expected to provide insights for investors, academics, and management regarding financial performance evaluation in the food and beverage sector.

Pengaruh Bandwagon Effect dan Scarcity terhadap Israf pada Konsumsi Merchandise Fandom Generasi Z: Studi Literatur

Salma Nasywaa Zhafiroh, Moh. Mukhsin — Sat, 16 May 2026 00:00:00 +0000

Fenomena pembelian merchandise berbasis fandom pada Generasi Z menunjukkan kecenderungan konsumsi yang berlebihan akibat pengaruh sosial dan strategi pemasaran edisi terbatas. Kondisi ini berpotensi mengarah pada perilaku israf dalam perspektif ekonomi Islam. Penelitian ini bertujuan untuk menganalisis pengaruh sosial (bandwagon effect) dan edisi terbatas (scarcity) terhadap perilaku israf dalam pembelian merchandise berbasis fandom. Penelitian ini menggunakan pendekatan kualitatif dengan metode studi literatur melalui pengkajian berbagai jurnal ilmiah yang relevan. Hasil kajian menunjukkan bahwa pengaruh sosial secara konsisten berpengaruh positif terhadap perilaku konsumsi, di mana individu cenderung mengikuti tren kelompok. Sementara itu, edisi terbatas pada umumnya mendorong peningkatan minat beli dan pembelian impulsif, meskipun dalam beberapa kondisi pengaruhnya tidak signifikan. Kedua faktor tersebut berkontribusi dalam mendorong perilaku konsumsi berlebihan yang mengarah pada israf, yaitu konsumsi yang melampaui kebutuhan dan didorong oleh keinginan serta faktor emosional.

PERBANDINGAN KINERJA KEUANGAN BERDASARKAN RASIO LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS PADA PT GOTO GOJEK TOKOPEDIA TBK DAN PT BUKALAPAK.COM TBK PERIODE 2019 - 2024

Andre Ansari, Puji Muniarty — Sat, 16 May 2026 00:00:00 +0000

Financial performance is a major concern for users of financial reports. This study aims to analyze and compare the financial performance of PT GoTo Gojek Tokopedia Tbk and PT Bukalapak.com Tbk during the 2019–2024 period using liquidity, solvency, and profitability ratios. The research employs a descriptive quantitative method using secondary data from annual financial reports. The results show that both companies have good liquidity conditions, with Current Ratios above the minimum standard. In terms of solvency, both companies have a fairly healthy capital structure with controlled debt levels. However, from a profitability perspective, both companies experienced losses for most of the research period due to high operational costs and business expansion strategies. PT GoTo has shown profitability improvements since 2023, while PT Bukalapak remains in a negative trend but is gradually improving. This study concludes that although both companies face profitability challenges, their liquidity and solvency positions remain strong, supporting long-term business sustainability.

Pengaruh Kompensasi dan Motivasi Kerja terhadap Kepuasan Kerja Karyawan PT. Pegadaian Syariah Cakranegara

Winia Meysahrani, Sri Wahyulina — Sat, 16 May 2026 00:00:00 +0000

This research aims to analyze the influence of compensation and work motivation on employee job satisfaction at PT. Cakranegara Sharia Pawnshop. This research uses a quantitative approach with a causal associative method. The population in this study was 44 employees, with a sampling technique using the census method, so that the entire population was used as respondents. The data collection technique was carried out through distributing questionnaires, while data analysis used multiple linear regression analysis with the help of a statistical program. The research results show that compensation has a positive and significant effect on employee job satisfaction. Work motivation also has a positive and significant effect on employee job satisfaction. Apart from that, simultaneously compensation and work motivation have a positive and significant effect on employee job satisfaction at PT. Cakranegara Sharia Pawnshop. This shows that the better the compensation provided and the higher the employee's work motivation, the level of employee job satisfaction will also increase.

PENGARUH LEVERAGE, PROFITABILITAS, DAN MODAL KERJA TERHADAP CASH HOLDING PERUSAHAAN MANUFAKTUR

Kurnia Kurnia, Puji Muniarty — Sat, 16 May 2026 00:00:00 +0000

This study aims to analyze the effect of leverage, profitability, and net working capital on cash holding in manufacturing companies. The data used in this study are secondary data obtained from financial statements over the last five years (2019–2023). The sampling method used is purposive sampling, with criteria of companies consistently publishing financial reports during the observation period. The analytical method used is multiple linear regression analysis.The results show that leverage has a negative effect on cash holding, indicating that companies with higher debt levels tend to hold less cash. Profitability has a positive effect on cash holding, meaning that companies with higher profits tend to maintain larger cash reserves. Meanwhile, net working capital also has a positive effect on cash holding, reflecting the company's liquidity condition. This research contributes to financial management by providing insights into factors influencing corporate cash holding policies. The findings can be used by management and investors in decision-making related to financial strategy.

Implementasi Strategi Storytelling Marketing dan Experiental Marketing terhadap Pengembangan Marketing Seniman Kriya Pahat di Bali

Anak Agung Bagus Satria Wibawa, Luh Putu Mahyuni — Sat, 16 May 2026 00:00:00 +0000

This study aims to explore and analyze the implementation of Storytelling Marketing and Experience Marketing strategies in the development of marketing for sculptural handicrafts (kriya pahat) in Bali. Narrative and experiential-based marketing strategies are considered relevant for enhancing emotional engagement and highlighting the cultural values embedded in handcrafted artworks. Employing a qualitative approach with a narrative inquiry method, this research focuses on four key artisan villages: Singapadu, Sukawati, Celuk, and Marga. Data were collected through in-depth interviews, participatory observation, and visual documentation, and were analyzed using narrative analysis techniques. The findings reveal that storytelling centered on cultural philosophy and the creative process fosters strong emotional connections with consumers, while experience marketing via workshops, studio tours, and direct interactions enhances consumer appreciation and loyalty. The integration of both strategies not only expands market reach but also strengthens the cultural identity and competitiveness of Balinese kriya art products in the digital era.

Pengaruh Konflik Kerja Dan Stres Kerja Terhadap Kinerja Karyawan Pada PT Prima Karya Sarana Sejahtera Cabang Jakarta 3 (BSD) Serpong Tangerang Selatan

Triwan Fajar Zai, Kamsidik Kamsidik — Sat, 16 May 2026 00:00:00 +0000

The purpose of this study is to determine the effect of work conflict and work stress on employee performance at PT Prima Karya Sarana Sejahtera Jakarta 3 Branch (BSD), both partially and simultaneously. The type of research in this study is quantitative with an associative approach. The population used in this study were employees at PT Prima Karya Sarana Sejahtera Jakarta 3 Branch (BSD). In this study, the population was 60 employees at PT Prima Karya Sarana Sejahtera Jakarta 3 Branch (BSD) and the number of samples in this study was 60 respondents. The data analysis technique used multiple linear regression and was assisted by the SPSS program. The results of this study indicate that Work Conflict partially influences employee performance, with a regression equation of Y = 8.878 + 0.754 X1, and a calculated t-value > t-table, or (7.767 > 2.001). Therefore, H0 is rejected and Ha is accepted, indicating a significant influence of the Work Conflict variable on employee performance. Partially, Work Stress influences Employee Performance, with a regression equation of Y = 5.673 + 0.860 X2, and a calculated t-value > t-table, or (9.580 > 2.001). Therefore, H0 is rejected and Ha2 is accepted, indicating a significant influence of Work Stress on Employee Performance. Simultaneously, Work Conflict and Work Stress significantly influence Employee Performance, with a regression equation of Y = 4.376 + 0.242 X1 + 0.656 X2. The calculated F-value > F-table, or (48.624 > 2.766).

Peran Nilai-Nilai Maqashid Syariah dalam Meningkatkan Kualitas Sumber Daya Insani untuk Pembangunan Ekonomi Indonesia

Haanii Haritsa Yuzen, Fanisa Suseno, Indra Saputra, Sandra Dewi — Sat, 16 May 2026 00:00:00 +0000

Economic development is determined not only by the availability of natural resources and financial capital, but also by the quality of human resources (HR) as the primary driver of economic activity. In the Indonesian context, the development of HR has become increasingly important in light of the demographic dividend and the rapid growth of the Islamic economy. However, the quality of HR in Indonesia still faces various challenges, such as low productivity, weak integrity, and the suboptimal internalization of Islamic values in the workplace. This study aims to analyze the role of maqashid syariah values in improving the quality of human resources and their contribution to Indonesia’s economic development. This study employs a qualitative approach using library research. Data were obtained through a literature review of books, scientific journals, official reports, and previous studies relevant to maqashid syariah, Islamic economics, and HRD. Data analysis utilized descriptive-qualitative analysis with content analysis as the method. The results of the study indicate that the maqashid al-sharia values—which include hifz al-din, hifz al-nafs, hifz al-‘aql, hifz al-nasl, and hifz al-mal—play a crucial role in shaping competent, ethical, productive, and socially responsible human capital. The implementation of maqashid syariah in education, employment, and Islamic economic institutions can improve the quality of human capital and support equitable and sustainable economic development. This study concludes that the integration of maqashid syariah values into HRD is a vital strategy for realizing Indonesia’s economic development, which is oriented not only toward material growth but also toward the moral and spiritual well-being of society.

PENGARUH JAMINAN DAN DAYA TANGGAP TERHADAP KEPUTUSAN PEMBELIAN KONSUMEN DRONE FIMI PADA PT HUGO PRIMA SAKTI KABUPATEN TANGERANG

Marchellia Dwi Rezaliani, Renny Anggraini — Mon, 18 May 2026 00:00:00 +0000

Abstract. The purpose of this study is to determine the effect of guarantees and responsiveness partially and simultaneously on purchasing decisions for FIMI Drones at PT Hugo Prima Sakti, Tangerang Regency. This research method uses a quantitative description method, data collection techniques using questionnaires. In this study, the population is all FIMI Drone consumers at PT Hugo Prima Sakti, Tangerang Regency, totaling 2,000 from the latest data for the period 2022-2024 seen from the sales realization data of PT Hugo Prima Sakti, Tangerang Regency for one year. Using the 10% slovin formula, the sample is 95 respondents. Data analysis uses validity tests, reliability tests, classical assumption tests, multiple regression analysis, multiple correlation coefficient analysis, determination coefficient analysis and hypothesis testing. It can be stated that Guarantee (X1) has a significant effect on purchasing decisions (Y). The results of the calculation of the t-test value of the Guarantee variable (X1) with a t count of 5,142 and a significance of 0,000 are obtained. Because t count is greater than t table (5,142 > 1.985) and significance is less than 5% then Ha is accepted and H0 is rejected, It can be concluded that Responsiveness (X2) has a significant effect on Purchasing Decisions (Y). The results of the calculation of the t test value of the Responsiveness variable (X2) with a t count of 6,975 and a significance of 0,000. Because t count is greater than t table (6,975 > 1.985) and significance is less than 5% (0,000) then Ha is accepted and H0 is rejected. It can be said that Guarantee (X1), Responsiveness (X2) and together have a significant effect on Purchasing Decisions (Y). Based on the results of the analysis in the table above, namely the ANOVA test, the F count value is 69,090 while the F table (0.05) for n = 95 is 2.70. So, F count > F table (α 0.05) or 69,090 > 2.70, with a significance level of 0,000 because 0,000 < 0.05.

Keywords: Guarantee, Responsiveness, Purchase Decision

Analisis Pemasaran TikTok Shop terhadap Penjualan Usaha Mikro, Kecil, Menengah (UMKM) dalam Akad Salam

Muhammad Farhan Suhendi, Moh. Mukhsin — Tue, 19 May 2026 00:00:00 +0000

This study aims to analyze the influence of live shopping features, seller interactions on social media, and flash sale strategies on the improvement of online Micro, Small, and Medium Enterprises product sales through TikTok Shop, examined from a sharia perspective using the salam contract. The research is motivated by the rapid growth of e-commerce, which provides significant opportunities for Micro, Small, and Medium Enterprises, while raising questions regarding its compliance with Islamic commercial principles. This study employs a quantitative approach, with independent variables consisting of live shopping, seller interaction, and flash sale, and the dependent variable being the improvement of online Micro, Small, and Medium Enterprises product sales. The findings are expected to contribute theoretically to Islamic economic literature, particularly regarding the implementation of salam contracts in the digital era, as well as to provide practical benefits for Micro, Small, and Medium Enterprises, consumers, academics, and regulators in developing marketing strategies and policies aligned with sharia principles.

PENGARUH GROSS PROFIT MARGIN (GPM) DAN BEBAN OPERASIONAL PENDAPATAN OPERASIONAL (BOPO) TERHADAP PERTUMBUHAN LABA (NET PROFIT GROWTH) PADA PT MATAHARI DEPARTMENT STORE TBK PERIODE 2014-2024

Fernanda Cahya Aprilianti, Nurwita Nurwita — Wed, 20 May 2026 00:00:00 +0000

Abstract. This study aims to analyze the effect of Gross Profit Margin (GPM) and Operating Expenses to Operating Income (BOPO) on Profit Growth at PT Matahari Department Store Tbk for the 2014-2024 period using a quantitative associative method. Data were analyzed using multiple linear regression and hypothesis testing via SPSS version 26 software. The results indicate that, both partially and simultaneously, GPM and BOPO do not have a significant effect on the company's profit growth. This proves that a stable gross profit margin does not necessarily guarantee an increase in net profit, primarily due to high fluctuations in operating expenses and the dominant influence of external factors outside the research model on the company's profit changes.

Pengaruh Lingkungan Kerja Non Fisik Dan Disiplin Kerja Terhadap Kinerja Karyawan Pada PT Giordano Indonesia Cabang Senayan City Di Jakarta Skripsi

Dwi Khanti Manisyah Ali, Syamsi Mawardi — Wed, 20 May 2026 00:00:00 +0000

Abstract - The purpose of this study is to determine the effect of non-physical work environment and work discipline on employee performance at PT Giordano Indonesia Senayan City Branch Di Jakarta, both partially and simultaneously. This research method uses a quantitative method with a sample of 56 respondents, data analysis techniques used are: validity test, reliability test, normality test, multicollinearity test, autocorrelation test, heteroscedasticity test, multiple linear regression test, simple correlation coefficient test, determination coefficient analysis test,and t testt. Based on the results of the t test, the Work Environment (X1) has a significant effect on Employee Performance (Y). The results of the t test show that t count (10.142) > t table (2.005), so H0 is rejected and H1 is accepted. This means that the better the work environment provided by the company, the higher the employee performance produced. Based on the results of the t test, Work Discipline (X2) also has a significant effect on Employee Performance (Y). The calculated t value of 13.011 > t table 2.005 indicates that H0 is rejected and H1 is accepted. This indicates that a high level of work discipline positively contributes to improved employee performance. Based on the results of the research data analysis, the regression equation obtained was Y = 0.739 + 0.445 X1 + 0.641 X2. The correlation coefficient value was 0.810, indicating a perfect correlation between the three variables. The determination value or contribution of influence was 0.835, or 83.5%, while the remaining 16.5% was influenced by other factors. Work Environment (X1) and Work Discipline (X2) simultaneously had a significant effect on Employee Performance (Y). The F test results showed that calculated F (134.061) > F table (3.170), indicating that H0 was rejected and H3 was accepted.

Pengaruh Beban Kerja Dan Lingkungan Kerja Non Fisik Terhadap Produktivitas Kerja Karyawan Pada PT Andria Fashion Indonesia Tekstil Di Tangerang Selatan

Nicholas Saputra, Laura Komala — Wed, 20 May 2026 00:00:00 +0000

Abstrack - This study aims to determine the effect of workload and non-physical work environment on employee productivity at PT Andria Fashion Indonesia Tekstil in South Tangerang, both partially and simultaneously. The study employs a quantitative research design. The sampling technique used non-probability sampling via convenience sampling, involving 65 respondents. Data analysis techniques used include: validity tests, reliability tests, classical assumption tests, regression analysis, correlation coefficient analysis, and coefficient of determination analysis. Hypothesis testing used the t-test and F-test. The analysis results showed: Workload partially influences employee work productivity with the simple linear regression equation Y = 43.254 − 0.208X₁. A correlation coefficient of -0.302 indicates a low level of relationship, and a coefficient of determination of 9.1% means that work productivity is influenced by workload by 9.1%. This is evidenced by the t-test, which yielded a calculated t-value > table t-value (-2.515 > 1.998) and is supported by a significance level < 0.05 (0.014 < 0.05). The non-physical work environment partially influences employee work productivity, as shown by the simple linear regression equation Y = 13.971 + 0.620X². A correlation coefficient of 0.582 indicates a moderate or fairly strong relationship, and a coefficient of determination of 33.9% means that work productivity is influenced by the non-physical work environment by 33.9%. This is evidenced by the t-test, which yielded a calculated t-value > table t-value (5.680 > 1.998) and is further supported by a p-value < 0.05 (0.000 < 0.05). The results of the simultaneous effects of workload and non-physical work environment on employee work productivity are shown by the multiple linear regression equation Y = 18.066 − 0.077X1 + 0.579X2, a correlation coefficient of 0.591 indicates a strong relationship, and a coefficient of determination of 32.9% means that productivity is influenced by workload and the work environment by 32.9%. This is evidenced by the results of the F-test hypothesis, where the calculated F-value is greater than the critical F-value (16.669 > 3.15) and is further supported by a significance level of less than 0.05 (0.000 < 0.05). Thus, it is proven that Ho3 is rejected and Ha3 is accepted.

Pengaruh Gaya Kepemimpinan Dan Disiplin Kerja Terhadap Kinerja Karyawan Pada PT Indomarco Prismatama Cabang Gading Serpong

Arimbi Setiowati, Isep Amas Priatna — Wed, 20 May 2026 00:00:00 +0000

Abstract - The purpose of this study was to determine the effect of leadership style and work discipline on employee performance at PT Indomarco Prismatama Gading Serpong Branch, both partially and simultaneously. This research method uses quantitative methods with a sample size of 50 respondents, the data analysis techniques used are: validity test, reliability test, normality test, multicollinearity test, autocorrelation test, heteroscedasticity test, simple linear regression test, multiple linear regression test, simple correlation coefficient test, multiple correlation coefficient test, coefficient of determination analysis test, t test and f test. Based on the results of the t test, the t count is 8.698> 2.011 and the significance value for the leadership style variable (X1) is 0.000, the significant value is smaller than the probability value of 0.005 or 0.000 <0.005, meaning that the leadership style variable (X1) has a positive and significant effect on the employee performance variable (Y). at PT Indomarco Prismatama Gading Serpong Branch. Based on the results of the t test, the t value is 7.510> 2.011 and the significance value for the work discipline variable (X2) is 0.000, the significance value is smaller than the probability value of 0.005 or 0.000 <0.005, meaning that the work discipline variable (X2) has a positive and significant effect on the employee performance variable (Y). at PT Indomarco Prismatama Gading Serpong Branch. Based on the results of the f test, the calculated f value is 43.086> 3.20 and the significance value is 0.000 <0.005. So it can be concluded that the variables of leadership style (X1) and work discipline (X2) simultaneously have a positive and significant influence on employee performance (Y). at PT Indomarco Prismatama Gading Serpong Branch.

Pengaruh Komunikasi Dan Kepemimpinan Transformasional Terhadap Kinerja Karyawan PT Bina Artha Semesta Di Kota Depok

M. Fadli Susilo, Nurdinni Tilova — Wed, 20 May 2026 00:00:00 +0000

This research aims to find out how communication and transformational leadership influence employee performance at PT Bina Artha Semesta, both partially and simultaneously. Researchers also found that there are many receivable invoices that are not collected every year due to less than optimal employee performance which is influenced by poor communication and less than optimal leadership. This research method uses quantitative methods with a sample size of 130 respondents. The data collection technique is by means of a questionnaire, and the data analysis techniques are validity test, reliability test, simple linear analysis, multiple linear analysis, correlation coefficient, coefficient of determination, and hypothesis testing. The results of this research show that there is a significant influence between communication and transformational leadership on employee performance simultaneously. This can be seen from the value of the multiple linear regression equation, namely Y = 9.119 + 0.462 X1 + 0.329 X2. A constant of 9.119 indicates that if there is a change in the constant of the independent variable (X1 and The multiple correlation coefficient value shows that the communication variables (X1) and transformational leadership (X2) have a significant influence on employee performance (Y), with a significant change value F of 0.000 or less than 0.05, the correlation coefficient value is 0.724 and is positive. Where this value is in the interval 0.600 - 0.799, it means that the two variables have a strong level of relationship. The coefficient of determination value is 0.524, so it can be concluded that the communication variables (X1) and transformational leadership (X2) influence the employee performance variable (Y) by 52.4% while the remaining 47.6% is influenced by other factors. Simultaneously testing the hypothesis obtained a calculated F value > F table or (69.829 > 3.07), this was also strengthened by a ρ value < Sig.0.05 or (0.000 < 0.05). This shows that there is a significant simultaneous influence between communication and transformational leadership on employee performance at PT Bina Artha Semesta in Depok City.

ANALISIS KETERKAITAN SEKTOR PERTANIAN, INDUSTRI DAN JASA DALAM PEMBANGUNAN WILAYAH DI RIAU

Azzzahwa Putri, Hilda Aulia, Isyandi Isyandi, Ufira Isbah, Dahlan Tampubolon — Fri, 22 May 2026 00:00:00 +0000

Sustainable regional development requires strong intersectoral linkages, particularly among the agricultural, industrial, and service sectors, which play interconnected roles in driving economic growth. Riau Province, as a resource-based region, faces challenges in achieving a balanced and competitive economic structure. This study aims to analyze the interlinkages among the agricultural, industrial, and service sectors in regional development in Riau Province during the period 2021–2025. The research employs a quantitative descriptive approach using Location Quotient (LQ), Shift Share, Klassen Typology, and Input-Output (I-O) analysis based on Gross Regional Domestic Product (GRDP) data. The results indicate that agriculture, mining, and manufacturing are base sectors, with the manufacturing sector demonstrating the highest level of competitiveness. Based on Klassen Typology, the agricultural sector is classified as advanced and fast-growing, while the industrial and mining sectors are categorized as advanced but under pressure. Most service sectors are identified as potential sectors, whereas transportation and accommodation remain relatively lagging. Furthermore, the Input-Output analysis reveals that the manufacturing sector and electricity and gas supply are key sectors with strong backward and forward linkages, generating significant multiplier effects in the regional economy. Policy implications highlight the importance of agricultural downstreaming, strengthening industrial competitiveness, improving infrastructure and regional connectivity, and enhancing intersectoral integration to achieve balanced and sustainable regional development.

ANALISIS KOMPARATIF KINERJA KEUANGAN PT. CAMPINA ICE CREAM INDUSTRY TBK DAN PT GLICO WINGS BERDASARKAN RASIO KEUANGAN

Fira Jaitun Syifa, Puji Muniarty — Fri, 22 May 2026 00:00:00 +0000

This study aims to analyze and compare the financial performance of PT Campina Ice Cream Industry Tbk and PT Glico Wings using profitability, liquidity, and operational efficiency ratios. The research method used is a comparative method with a quantitative approach, utilizing secondary data in the form of financial reports for the 2015–2024 period. Data analysis techniques were performed by calculating financial ratios such as Return on Assets (ROA), Return on Equity (ROE), Current Ratio (CR), and Net Profit Margin (NPM). The results show that PT Campina has a higher level of liquidity than PT Glico Wings, but PT Glico Wings excels in profit stability and business scale. Profit fluctuations in both companies are influenced by operational costs, production costs, and marketing strategies. Overall, both companies have their respective advantages in financial performance. This research is expected to contribute to managerial and investment decision-making.

EFEKTIVITAS TEKNOLOGI ARTIFICIAL INTELLIGENCE SEBAGAI INOVASI DALAM EFISIENSI PROSES REKRUTMEN KARYAWAN: STUDI LITERATUR

Fri, 22 May 2026 00:00:00 +0000

. Penelitian ini bertujuan menganalisis efektivitas teknologi Artificial Intelligence sebagai inovasi dalam meningkatkan efisiensi proses rekrutmen para pelamar melalui metode studi literatur. Penelitian menggunakan pendekatan kualitatif deskriptif dengan menelaah berbagai jurnal ilmiah, buku, artikel, dan laporan penelitian periode 2020–2025 yang relevan dengan topik AI, rekrutmen, dan transformasi digital. Hasil kajian memperlihatkan penerapan AI dalam proses rekrutmen mempunyai manfaat signifikan, seperti otomatisasi penyaringan Curriculum Vitae (CV), pengelolaan data pelamamar menggunakan Applicant Tracking System (ATS), serta analisis kompetensi kandidat berbasis Natural Language Processing (NLP) dan Machine Learning (ML). Teknologi tersebut mampu meningkatkan efisiensi waktu, mengurangi beban administratif tim Human Resources (HR), meningkatkan akurasi seleksi kandidat, serta mendukung pemilihan keputusan berbasis data yang lebih objektif. tetapi, implementasi AI juga menghadapi berbagai tantangan, antara lain risiko bias algoritma, keterbatasan kompetensi digital sumber daya manusia, biaya investasi teknologi yang tinggi, dan isu keamanan serta privasi data pelamar. Oleh sebab itu, optimalisasi penggunaan AI memerlukan strategi implementasi bertahap, peningkatan literasi digital, penerapan prinsip etika dan transparansi, serta pengawasan manusia dalam pengambilan keputusan akhir. Dengan penerapan yang tepat, AI dapat menjadi inovasi strategis untuk meningkatkan efektivitas rekrutmen dan daya saing organisasi di era digital.

Dualisme Indikator Makroekonomi Indonesia: Telaah Deskriptif Atas Kontradiksi Nilai Tukar dan Pertumbuhan Domestik Bruto

Fakhrul Khanafi, Livia Maharani, Rizki Ramadhan Akbar — Sat, 23 May 2026 00:00:00 +0000

Abstract. This study examines the phenomenon of dualism in Indonesia’s macroeconomic indicators, reflected in the depreciation of the rupiah exchange rate amid positive Gross Domestic Product (GDP) growth. The study aims to descriptively analyze the relationship between exchange rates and Indonesia’s economic growth. This research employs a qualitative descriptive approach using secondary data obtained from official publications of Bank Indonesia, Badan Pusat Statistik, and relevant scientific literature. The findings indicate that the rupiah depreciated from IDR14,308/USD in 2021 to IDR15,855/USD in 2024. Meanwhile, Indonesia’s economic growth, which contracted by -2.07% in 2020, recovered to 3.70% in 2021 and increased to 5.31% in 2022 before remaining relatively stable at around 5% through 2024. These findings suggest that exchange rate depreciation does not necessarily lead to slower economic growth. Domestic economic resilience, supported by household consumption, government expenditure, and investment, plays an important role in maintaining national economic stability. Therefore, strengthening domestic economic fundamentals and implementing comprehensive macroeconomic policies are essential to maintaining Indonesia’s economic resilience amid global uncertainty.

Penelitian ini membahas fenomena dualisme indikator makroekonomi Indonesia yang ditandai dengan pelemahan nilai tukar rupiah di tengah pertumbuhan Produk Domestik Bruto (PDB) yang tetap positif. Penelitian bertujuan untuk menganalisis hubungan antara nilai tukar dan pertumbuhan ekonomi Indonesia secara deskriptif. Metode yang digunakan adalah pendekatan deskriptif kualitatif dengan memanfaatkan data sekunder dari publikasi resmi Bank Indonesia, Badan Pusat Statistik, dan literatur ilmiah terkait. Hasil penelitian menunjukkan bahwa nilai tukar rupiah mengalami depresiasi dari Rp14.308/USD pada tahun 2021 menjadi Rp15.855/USD pada tahun 2024. Sementara itu, pertumbuhan ekonomi Indonesia yang sempat terkontraksi sebesar -2,07% pada tahun 2020 kembali meningkat menjadi 3,70% pada tahun 2021 dan mencapai 5,31% pada tahun 2022 sebelum stabil pada kisaran 5% hingga tahun 2024. Kondisi tersebut menunjukkan bahwa pelemahan nilai tukar tidak selalu diikuti oleh perlambatan pertumbuhan ekonomi. Ketahanan ekonomi domestik yang didukung oleh konsumsi rumah tangga, pengeluaran pemerintah, dan investasi berperan penting dalam menjaga stabilitas ekonomi nasional. Oleh karena itu, penguatan fundamental ekonomi domestik dan kebijakan makroekonomi yang komprehensif diperlukan untuk menjaga ketahanan ekonomi Indonesia di tengah ketidakpastian global.

Pengaruh Pengawasan Dan Kemampuan Kerja Terhadap Efektivitas Kerja Karyawan Pada PT Nano Herbaltama Internasional Tangerang Selatan

Julianus Sepri, Kamsidik Kamsidik — Sat, 23 May 2026 00:00:00 +0000

Abstrak - Penelitian ini bertujuan untuk mengetahui pengaruh pengawasan dan kemampuan kerja terhadap efektivitas kerja karyawan pada PT Nano Herbaltama Internasional Tangerang Selatan, baik secara parsial maupun simultan. Metode penelitian yang digunakan adalah kuantitatif dengan populasi sebanyak 58 responden yang diambil menggunakan teknik sampling jenuh. Data dikumpulkan melalui observasi, wawancara, dan kuesioner, kemudian dianalisis menggunakan uji instrumen, uji asumsi klasik, analisis regresi linier berganda, serta uji hipotesis (uji t dan uji F) melalui perangkat lunak SPSS. Hasil penelitian secara parsial menunjukkan bahwa variabel pengawasan berpengaruh positif dan signifikan terhadap efektivitas kerja (t-hitung 13,501 > t-tabel 2,003) dengan nilai koefisien regresi sebesar 0,807 dan nilai korelasi sebesar 0,875. Variabel kemampuan kerja juga berpengaruh positif dan signifikan terhadap efektivitas kerja (t-hitung 15,512 > t-tabel 2,003) dengan nilai koefisien regresi sebesar 0,958 dan nilai korelasi sebesar 0,901. Secara simultan, pengawasan dan kemampuan kerja berpengaruh signifikan terhadap efektivitas kerja karyawan dengan nilai f-hitung 164,277 > f-tabel 3,165 dan tingkat signifikansi 0,001 < 0,050. Nilai koefisien determinasi sebesar 0,857 menunjukkan bahwa kedua variabel independen tersebut berkontribusi sebesar 85,7% terhadap efektivitas kerja karyawan, sedangkan sisanya sebesar 14,3% dipengaruhi oleh faktor lain di luar penelitian ini.