The aim of this research is to investigate the relationship between brand loyalty, brand image, and brand credibility in the coffee shop industry. In the highly competitive coffee shop industry, creating a strong brand is critical for attracting and retaining customers. The study was carried out by searching extensive and complete literature and distributing questionnaires. A total of 200 people were sampled. We found strong evidence through Structural Equation Modeling analysis that brand image and credibility have a significant impact on brand loyalty. In the highly competitive coffee market, these results emphasize the significance of developing unique brand identities and improving visual appeal in order to create long-term customer loyalty and strengthen brand confidence.
Efficiency is critical to economic and business development. In the Batam free trade zone, investment and trade traffic are determined by efficiency in logistics management. This research aims to explore key logistics management problems and identify strategic opportunities to improve logistics management in the Batam Free Trade Zone. The methods used in this research were the Miles and Huberman method and the Root-Cause-Analysis (RCA) as the analysis tool. The research found that the Batam Free Trade Zone has obstacles to overcome to improve the competitiveness of the free trade zone. This endeavor is through changes in rules and frameworks. Despite these measures, the logistics ecosystem in Batam has primarily become a door-to-door logistics ecosystem, which is different from expectations. Thus, the impact of this research is to overcome the obstacles faced by re-evaluating logistics planning from national to local planning.
This study aimed to analyze how firm value is influenced by intellectual capital, with firm performance serving as the intermediary variable. The research sample consisted of 301 companies on the Indonesia Stock Exchange (IDX). Data analysis was performed by utilizing Structural Equation Modeling (SEM) with SmartPLS 3.0 software. The research findings reveal that intellectual capital does not increase company value on the IDX, indicating that Value-Added Intellectual Coefficient (VAICTM) indirectly affects firm value. Additionally, intellectual capital was found not to improve company performance, indicating that VAICTM is ineffective in boosting performance. The loading factor values for each CA proxy were: CA 0.872, HU 0.655, PBV 0.901, Tobin's Q 0.869, ROA 0.945, and ROE 0.976. Company performance has the potential to boost firm value, implying that performance metrics such as Return on Equity, as well as Return on Assets, can contribute to increasing firm value. The study demonstrates that company performance does not serve as a mediator between firm value and intellectual capital in Indonesia. Therefore, companies should concentrate on other improvement areas, such as optimizing organizational culture management, leveraging technology, and strengthening business relationships or networks.
Intermediaries have an important role in the value chain of agricultural products, especially Indramayu mango (magnivera indica L.). The use of marketing 4.0 integrates both offline and online activities and can help carry out intermediary functions efficiently and effectively. This research aims to increase the market share of Indramayu mangoes by utilizing marketing 4.0 by intermediaries. This field research with a qualitative approach and data were retrieved through observation and deep interviews with farmers, intermediaries, derivative product entrepreneurs, and government agencies related to mango trading in Indramayu. Data validation is carried out by confirming the results of obtaining primary data with secondary data. Intermediaries play a core role in connecting consumers with producers. Intermediaries who implement marketing 4.0 will foster trust in the mango value chain to increase market share. A mango business that is run fairly will increase the confidence of producers and consumers so that market share increases.
Investigating the effects of business characteristics (BC), business environment (BE), business strategy (BS), and human resource skills (HR Skills) on the adoption of management accounting (MA) practices among micro, small, and medium-sized firms (SMEs) in Indonesia is the goal of this study. Additionally, the mediating role of information system integration (IIS) is also explored. The crosssectional research design was used quantitatively, relying on survey data from 132 SMEs that were selected by purposive sampling. For statistical data analysis using the path structural model, the PROCESS SPSS macro model is adapted. The study findings show that HR skills, BC, BE, and BS significantly positively affect IIS. However, only HR Skills and BE were found to have a direct and significant positive impact on the implementation of MA among SMEs. Additionally, IIS also demonstrated a significant positive influence. On the other hand, BC and BS do not have a direct impact on the implementation of MA. Evaluating the mediation pathway model parameters shows an indirect effect through IIS. However, the mediation effect of IIS is at a moderate level of partial mediation capability. The findings also conclude that some HR Skills have a positive and significant indirect effect on applying MA through IIS mediation. Also, some of the BC, BE, and BS showed a positive and significant indirect effect on the application of MA among SMEs.
The shift from traditional exams to authentic assessments in accounting education marks a critical step toward aligning educational practices with industry expectations. This paper presents the ASX Company Analysis Task, a scaffolded authentic assessment introduced in a first-year accounting course to replace the final exam. Designed to engage students with real-world scenarios involving ASX-listed companies, the task aimed to develop students' critical thinking, teamwork, and communication skills while enhancing engagement and reducing assessment-related stress. Reflecting on feedback from students and tutors, we discuss the task's effectiveness in fostering employability skills, improving engagement, and supporting meaningful learning. The paper demonstrates how authentic assessments can offer impactful alternatives to traditional exams, better preparing students for the complexities of professional practice.
This research analyzes how personal abilities in the form of resource bundling strategies are considered important in efforts to improve business or may have a debilitating impact. Data collection was carried out through an online survey involving 384 micro and small business owners in West, Central, and East Java, Indonesia, by employing a quantitative approach with a cross-sectional design. Subsequently, the collected data were analyzed using Macro PROCESS. The results showed that the resource bundling strategy positively moderated the effect of VRIN resources on firm performance. This positive moderating effect became stronger when environmental volatility was lower. This finding possessed important implications for industry players, as it underscored the significance of managerial action in implementing a resource bundling strategy, proven to strengthen the effect of VRIN resources on firm performance. In conclusion, it contributed to strategic entrepreneurship and management domains, particularly by providing a valuable extension to the resource management framework and emphasizing the role of managerial actions in complementing resource-based theory (RBT).
This study provides a systematic review of extant academic literature on financial literacy and stock market participation to enhance our understanding of stock market literacy, pinpoint the literature gaps, and suggest future research directions. Relevant literature was systematically retrieved from two leading academic databases, Scopus and Web of Science, to ensure the rigor and credibility of the review. Employing thematic analysis, we start by delineating the dimensions of stock market literacy and outlining the theories underpinning previous research. Subsequently, we identify the antecedents, consequences, and contingencies of stock market literacy. These analyses provide insights for discerning suggestions and avenues for future research in the nuanced realm of stock market literacy. We highlight stock market literacy as an inseparable part of financial literacy and individual participation in the stock market and identify dimensions of stock market literacy, including basic stock market concepts, advanced investment strategies, behavioral finance insight, risk management, and ethical considerations, and financial planning and long-term investment. Theoretical lenses offer insights into the psychological and behavioral aspects shaping stock market literacy. Moreover, this study explores antecedents, consequences, moderating, and mediating factors, emphasizing demographic characteristics, personality factors, technology access, investment intentions, decisions, and performance. Fundamentally, this study offers a comprehensive overview of existing research and charting potential avenues for future investigation.
Market-wide position limits (MWPL) and bans on F&O trading in stocks have been enforced in Indian markets since 2004. However, despite the rapid growth in derivative trading volumes in recent years, questions about the optimal position limits and their impact on market quality remain largely underexplored. During the 2019 COVID pandemic, the Securities and Exchange Board of India (SEBI) reduced the MWPL thresholds to 50% of the pre-COVID level to counter systemic risks and extreme market volatility. This regulatory change provides a natural setting to evaluate the impact of changes to MWPL and F&O on market quality in the Indian derivatives market. We find that the changes to MWPL resulted in reduced liquidity and volatility in the spot and futures markets compared to the pre-COVID levels, which declined further during the post-COVID period. However, the volatility in the future markets, particularly the overnight volatility, was greater than the spot market during the ban period. The stocks under repeated bans demonstrated significantly higher overnight volatility in futures, while other volatility measures were higher in the spot market. This analysis offers valuable insights into the evolution of liquidity and volatility in the Indian derivative markets during various pandemic phases.
This study aims to test a theoretical model that explains the role of Spiritual Intelligence in the relationship between the determinants of fraud prevention in budget management. Specifically, this study aims to examine and analyze the influence of organizational culture, love of money, and whistleblowing on fraud prevention in regional budget management, with Spiritual Intelligence as a moderating factor. This research is empirical and uses a purposive sampling technique. The sample in this study was 322 Regional Apparatus Organization (OPD) officials. Data analysis used SMART PLS analysis. The results show that whistleblowing has a proven effect on fraud prevention, in addition to organizational culture and love of money. The results of the moderation also demonstrate that, in addition to organizational culture and a love of money, whistleblowing has a proven effect on fraud prevention, with Spiritual Intelligence serving as a moderating factor.
A government internal auditor must implement internal auditor standards professionally, independently, and objectively. The challenges of internal auditors are independence and objectivity. This study aims to test the moderating role of time budget pressure and moral reasoning on the influence of integrity and objectivity on government internal auditors/APIP performance. The research design is a quantitative research mechanism. Data was collected using a questionnaire. Survey techniques require rigid tests: pilot tests, non-responsivity response bias, and hypothesis testing. The number of questionnaires returned by respondents was 135, so participation was outstanding. Sampling used simple random sampling and was selected by census to determine the number of samples. The study's results indicate that the integrity of internal auditors significantly affects the performance of APIP auditors. Moral reasoning has not been proven to moderate the effect of integrity on the performance of APIP auditors. Time budget pressure is shown to be a moderator, strengthening the effect of integrity on the performance of internal auditors/APIP. Other results show that objectivity significantly affects the performance of APIP internal auditors. Moral reasoning is proven to strengthen the effect of objectivity on the performance of APIP internal auditors. Also, time budget pressure has yet to be proven to strengthen or weaken the effect of objectivity on the performance of internal auditors/APIP. The research contribution aims to make regulations mandatory and take firm action against auditor independence violations.
This study delves deep into the tactics employed by multinational corporations (MNCs) to circumvent Indonesia's tax laws and minimize their tax liabilities within the raw materials sector. Employing panel data regression analysis on a dataset comprising 40 observations from 8 companies over five years (2018-2022). Transfer pricing, profitability, capital intensity, and thin capitalization have a significant influence on tax avoidance. Therefore, stronger transfer pricing regulations and a global minimum corporate tax are crucial to combat base erosion and profit shifting. Increased transparency and accountability in multinational corporations' financial reporting in Indonesia are also essential.
This paper investigates sustainable finance's strategic role in driving brand diversification amidst growing environmental, social, and governance (ESG) considerations. The nexus of sustainability and brand differentiation has already been thoroughly researched, but its impact from the standpoint of sustainable finance practices lacks direction. Using a qualitative method approach based on interviews with industry experts, we identify domains of authenticity, transparency, and stakeholder engagement that are central to illuminating the brand characteristic influences by using sustainable finance. The results show that sustainable finance increases brand image and competitiveness and enhances customer loyalty through effective communication with consistent reporting. This can help bolster their market position by integrating new stakeholders and effectively countering the challenges that they bring with them. Such practices have not been widely included in corporate strategy; this study thus represents an attempt to do so by focusing on brand differentiation as a driver of sustainable finance, a new direction derived from the relevant literature. This would help explore the effects across various industries longitudinally on brand equity.
Cryptocurrency (crypto) markets have changed the investment landscape for many; however, they have started feeling the heat of the growing climate change awareness and are being prompted to shift towards green financial assets or clean/green cryptos. Climate change and sustainability have become an essential part of every discussion for businesses and investors. This study attempts to discover the connectedness between green financial assets and green cryptos. This paper builds upon a novel approach of copula analysis to shed light on the tail dependencies of the two asset classes. The findings provide interesting insights for investors to consider these two classes for portfolio diversification benefits or their hedging strategies, especially during a crisis period like COVID-19. The results indicate that the two asset classes exhibit distinct interdependencies, provide diversification and risk management opportunities, and behave differently during a crisis, and therefore present hedging and diversification opportunities to investors despite both asset classes being green.
This study investigates the volatility spillovers among India's sustainability-linked and technology-driven financial indices, spanning the digital economy, ESG investments, electric vehicles, and energy. Using a Quantile Time-Frequency Connectedness framework, we examine five key indices of Nifty100 Enhanced ESG, Nifty India Digital, Nifty EV & New Age Automotive, MSX iCOMEDEX Energy, and Gold from April 2018 to December 2024. The research captures connectedness across quantiles and time, especially during times of global stress such as COVID-19 pandemic and geopolitical tensions. Results show short-term connectedness accounting for a substantial portion of total connectedness, with ESG and Digital indices emerging as persistent net transmitters, while Gold and Energy act as volatility absorbers. Long-term spillovers are weaker but suggest underlying structural linkages that intensify under prolonged economic uncertainty. Notably, the Nifty100 Enhanced ESG index shows the highest spillover, highlighting its systemic influence. Portfolio optimization further underscore the stabilizing role of Gold and ESG-linked assets, offering risk-averse strategies in turbulent markets. This study fills a key gap by integrating quantile and frequency-domain connectedness in the Indian context and provides novel insights into asymmetric risk transmission for policy and portfolio design.
This study examines the influence of various firm-specific factors on overall ESG performance disclosure and its three dimensions, namely, Environment, Social, and Governance, on listed companies from environmentally sensitive sectors in India. This study considered the sustainability (ESG) scores of the selected companies for a period of 10 years, from 2013 to 2022. This study employs a panel data regression analysis. The results of the study revealed that firm characteristics such as age and size have a significant positive impact, whereas leverage has a significant negative influence on the overall ESG performance disclosure of selected companies. Similar results are obtained for the environmental dimension, and profitability is also found to have a negative impact on it. Firm age, size, and liquidity are found to have a significant positive influence on social performance disclosure, whereas leverage has a significant negative effect. Surprisingly, Government ownership is found to have a significant negative influence on governance disclosure.
