This research addresses the significant influence of work motivation and discipline on employee performance at a human resource provider. The main aim is to determine which of these factors exerts the strongest impact on performance. To achieve this, the study employs descriptive and verification methods, gathering data from 40 employees through a targeted questionnaire. The findings reveal that the motivation variable directly affects performance, while it also has an indirect impact through the relationship with work discipline. Conversely, work discipline similarly demonstrates both a direct influence and an indirect effect via motivation. The analysis indicates that motivation and work discipline together account for a substantial portion of the variance in employee performance, while other unexamined factors account for the remainder. The novelty of this study lies in its combined approach to assessing these variables in an outsourcing context, offering insights that could enhance employee management strategies. The implications suggest that management should actively work to sustain and improve motivation and discipline levels to boost performance and foster a productive work environment.
This study analyzes the influence of capital structure, business size, and sales growth on firm value among property and real estate companies listed on the Indonesia Stock Exchange over the 2020–2025 timeframe. The study was prompted by oscillations in the performance of the Indonesian property industry and conflicting conclusions published in earlier empirical studies about the determinants of business value in emerging economies. A quantitative explanatory technique was applied, employing secondary data from the annual financial reports of listed corporations. The sample was selected via census sampling. The findings reveal that corporate factors, particularly capital structure, sales growth, and firm size, have a crucial influence in shaping firm value. The results imply that funding and growth decisions contribute greatly to investor views and market valuation. These findings give practical implications for managers in identifying optimal financial strategies and for investors in evaluating business performance within the property and real estate industry.
The informal employment sector remains a dominant part of the labor market in Indonesia, which is influenced by various socioeconomic factors. This study aims to analyze the spatial influence of poverty, education level, and internet access on the distribution of informal employments in 34 provinces in Indonesia using the Spatial Error Model (SEM). The results show significant spatial autocorrelation, especially for poverty and informal workers, which confirms the existence of inter-regional spillover effects. The SEM estimation shows that poverty has a positive and significant effect on the level of informal employment, while higher education levels and internet access significantly reduce the level of informal employment. These findings emphasize the importance of spatially-aware policy interventions in addressing the issue of informal employments. Strengthening education, digital infrastructure, and targeted poverty alleviation programs are important strategies.
Indonesia's embrace of the fourth industrial revolution highlights the transformative power of technology on business practices and consumer behavior. E-commerce platforms like TikTok Shop are increasingly preferred for online shopping. This study investigates the influence of electronic service quality, electronic word-of-mouth, and subjective norms on purchase intention within TikTok Shop. The study gathered data using an online questionnaire administered through Google Forms to 250 TikTok users between 18 and 24 years old living in Yogyakarta, an area recognized for its high level of digital technology adoption. Respondents were selected using a purposive sampling technique. The collected data were subsequently analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach with the assistance of SmartPLS 3.2.9. The findings reveal significant positive effects of eSQ and subjective norms on purchase intention, while eWOM did not significantly influence. These insights contribute to a deeper understanding of consumer behavior in Indonesian e-commerce and social commerce.
This study was conducted to investigate the influence of audit committee, company size, independent board of commissioners, and solvency on audit delays in property and real estate sub-sector companies listed on the Indonesia Stock Exchange in the 2021–2023 period. Timeliness in the submission of audited financial statements is a crucial factor in maintaining the relevance and credibility of financial information for stakeholders, so audit delays are an important indicator to be studied. The approach used in this study is quantitative by utilizing secondary data sourced from the company's annual financial statements. The number of samples analyzed was 171 observations obtained through purposive sampling techniques. Hypothesis testing was carried out using multiple linear regression analysis. The study's findings show that audit committees, company size, and independent board of commissioners do not show a significant influence on audit delays. Conversely, solvency has been shown to have a positive and significant influence, meaning that an increase in solvency is likely to be followed by an increasing length of audit completion process, along with increasing complexity of funding structures and audit risks that must be examined in more depth. Simultaneously, all independent variables have a significant influence on audit delays. The results of this study are expected to enrich the literature related to the timeliness of audits and provide insight for management and stakeholders in understanding the factors that affect audit delays.
This study explores the adoption of Financial Technology (FinTech) and how it affects the foundations of managerial knowledge in Small and Medium Enterprises (SMEs) from an ontological and epistemological perspective. Previous studies in this field have focused on the adoption of FinTech in the SME sector, the outcomes, performance, and financial inclusion; however, the broader implications and philosophy on how digital technologies affect managerial knowing have been neglected. Thus, a systematic literature review (SLR) following the PRISMA 2020 guidelines and management research theory building was conducted. The findings highlight three interconnected themes. SME environments of the past are dominated by practice-based, experiential, and contextual forms of managerial knowledge. Next, the rise of algorithms, machine learning, dashboards, and digital platforms fosters a new epistemology which is data-driven and technologised where knowledge is more and more embedded in technology. Finally, the combined presence of these two logics results in an epistemic tension and a hybridised epistemic structure in which managerial knowing becomes a collaborative process between human reasoning and technology. This study, using this synthesis, formulates an initial proposal of a conceptual framework that reconceptualises FinTech as an epistemic infrastructure, rather than a functional one. This perspective builds on theory by explaining how FinTech impacts managerial cognition, the legitimacy of knowledge, and epistemic power within SMEs. The study concludes with a call for future research that examines the cross-cognitive, philosophical, and ethical implications of digital transformation in the context of small businesses.
Micro, Small, and Medium Enterprises (MSMEs) are the foundation of Indonesia's economy, especially in the traditional culinary sector. A family restaurant, in operation since 2013, struggles to manage operations because its manual recording system relies on notebooks and basic records. This problem results in a significant frequency of order inaccuracies (3-6 occurrences daily), an average wait time of around 22 minutes, and challenges in inventory oversight. This project seeks to develop a cohesive, user-friendly ordering and administration website, with a responsive design, to address these operational issues. The study used a qualitative methodology, encompassing four months of observation, interviews with the restaurant proprietor, and literature reviews. The system development employs the Laravel Framework within an object-oriented programming paradigm, while requirements analysis is performed using use case, class, and sequence diagrams. The results demonstrate that implementing the ordering website substantially enhances the restaurant's operational efficiency. The system effectively substitutes the traditional ordering process, minimizes recording errors, accelerates service, and offers clients the ease of online ordering without temporal or locational constraints. The real-time inventory management tool enables the owner to precisely track stock levels, while the automatic transaction recording system improves the accuracy of financial reports. This study illustrates that digital transformation via an ordering website can preserve the attributes of a traditional warung while enhancing service quality and fostering the growth of culinary MSMEs in Indonesia.
PT. OC - a prominent cocoa producer specializing in cocoa powder, liquor, and butter – faces challenges in its supply chain inefficiencies. Despite its established market presence, OC experiences challenges in procurement, production, inventory management, and logistics. These inefficiencies are attributed to the absence of a structured performance management system, which hinders the company’s ability to align operational activities with strategic objectives and optimize resource utilization. This research aims to address these issues by applying the Key Business Performance Management System (KBPMS) framework, which offers a comprehensive approach to identifying, measuring, and improving operational performance. The research is divided into several stages: (1) Foundation, (2) Basic Information, (3) Design Process, (4) Implementation Process, and (5) Refreshment. Primary data was collected through interviews with key stakeholders. Secondary data was gathered from internal company records and external literature. The study proposes a tailored KBPMS framework for PT. OC. Seventeen Key Performance Indicators (KPIs) were developed to monitor supply chain activities, categorized into three groups: (1) Business Results; (2) Internal Processes; and (3) Resource Capability. The results of this study highlight that a structured performance management system helps to enhance operational efficiency, reduce costs, and support sustainable business growth.
This study aims to analyze the influence of Generation Y and Generation Z characteristics on personality neuroticism and its implications for employee performance at the Garut District Education Office. Differences in generational traits, technological adaptation patterns, and work orientations are considered as factors that shape variations in neuroticism within the workplace. A quantitative approach was employed using a four-point scale questionnaire, and the data were analyzed using Structural Equation Modeling (SEM) with 340 respondents. The findings indicate that Generation Y tends to exhibit greater emotional stability, which helps suppress neuroticism, whereas Generation Z shows higher vulnerability to anxiety and pressure, leading to increased neuroticism. In addition, neuroticism serves as a significant mediator linking generational characteristics to employee performance. These results highlight the importance of understanding psychological dynamics across generations to support decision-making in public sector human resource management.
This study seeks to examine and evaluate job satisfaction as a moderating variable that affects the relationship between job satisfaction, motivation, and employee performance in the context of the government's budget efficiency policy implementation in Aceh. In light of the present government budget efficiency policy, the performance of Aparatur Sipil Negara (ASN) staff is a pivotal element in attaining this efficiency. Optimal employee performance not only facilitates the achievement of corporate objectives but also ensures the effective and efficient utilization of available funds. This research population comprises all ASN personnel, including both Pegawai Negeri Sipil (PNS) and Government personnel with Pegawai Pemerintah dengan Perjanjian Kerja (PPPK) under the Satuan Kerja Perangkat Aceh (SKPA). This study used purposive sampling in conjunction with incidental sampling strategies, given the substantial population size. This sampling approach is selected for its practicality in identifying respondents when the overall population size is indeterminate. Respondents were randomly chosen throughout the data collection phase in June-July 2025. The Moderated Regression Analysis (MRA) method was employed for data analysis to evaluate hypotheses. This study's findings indicate that job happiness and work motivation significantly influence employee performance. A multiple linear regression model indicates that job happiness adversely and significantly affects employee performance, whereas work motivation positively and significantly influences employee performance. In contrast, the MRA model reveals a substantial and inverse interaction effect between job satisfaction and motivation on employee performance. Social support serves as a moderator that enhances the positive and considerable impact of job satisfaction and motivation on employee performance, particularly in relation to budget efficiency implementation in Aceh. Consequently, organizational management within all SKPAs in Aceh must prioritize enhancing social support in the workplace as a fundamental strategy to alleviate the adverse impacts on job satisfaction and optimize the beneficial effects of work motivation on employee performance. This strategy will not only enhance the work environment but also improve human resource efficacy in addressing problems posed by the budget efficiency policy, therefore fostering optimal and sustainable performance.
This study aims to find out and analyze the relationship and magnitude of the influence of determinant factors on the selection of controlled study programs through the image of the study program. The theories used are the theory of consumer behavior by Hawkins regarding factors that affect decisions and the theory of image by M. Mayne Delozier. The research was conducted at the Faculty of Tarbiyah and Teacher Training UIN Sunan Kalijaga with a population of 2,612 FITK students. Technique sampling using probability sampling using the cluster method sampling so that 336 student respondents were obtained. In this study, the dependent variable is in the form of student decisions and the independent variable is in the form of infrastructure, location, UKT, promotion, parental role, culture, and Extracurricular. As well as the control variable in the form of the image of the study program. Data collection using questionnaires and documentation. The collected data is processed and analyzed using descriptive statistical analysis and inferential statisticsusing SPSS (Statistical Package for Social Sciences) version 25.
This study aims to examine the difference in the average share price and average trading volume of BCA shares between before and after the election in Indonesia on January 16 - March 14, 2024. This type of research is the study of events with a quantitative approach. The research data is secondary data in the form of stock price history and trading volume of BCA shares listed on the IDX. The sample in this study was 38 data consisting of 19 data before and 19 data after the 2024 election event held in Indonesia. The data analysis technique uses the Paired Sample t-test hypothesis test. The results showed that there was a difference in stock prices before and after the 2024 election in Indonesia and no difference in stock trading volume before and after the 2024 election in Indonesia. The conclusion of the study was obtained that investors received information about the 2024 election events in Indonesia as bad news because changes in stock trading volume occurred negatively and stock prices occurred positively which tended to be significant, causing a decrease in buying interest in investors.
One of the most crucial elements of production activities is production management, as without it, none of the activities including home industry, which plays a significant role in the economy will proceed in line with the goals. There is a shuttlecock industry in Nganjuk Regency; this company can be considered a home industry firm that uses production management. On the other hand, supervision inside production management is still lacking. Therefore, the purpose of this research was to describe the management of shuttlecock manufacturing in Nganjuk Regency and to review it using sharia management. This study use qualitative descriptive analysis in case study research. When gathering data using interview, documentation, and observation techniques. The outcomes demonstrated the effectiveness of the production management used in Shuttlecock Nganjuk Regency. Although it is a side gig that provides enough money to cover daily expenses, the shuttlecock industry can contribute to the welfare of these business owners and the community at large by providing additional revenue. However, the organization is not well-structured, and the supervision provided has not operated at its best.
This study aims to investigate the impact of liquidity and solvency measures on profitability ratios in fast-moving consumer goods (FMCG) firms listed on the Indonesia Stock Exchange. This research employs a descriptive verification methodology utilizing a quantitative approach. The utilized data are secondary data sourced from the companies' financial reports throughout the study period. To verify that the regression model is optimal, linear, unbiased, and efficient, several classical assumption tests were performed prior to further investigation. The findings indicate that the liquidity ratio has a partial, positive, and significant impact on profitability ratios. This condition suggests that a company's enhanced capacity to fulfill its short-term liabilities is correlated with an increased possibility of profit development. Conversely, the solvency ratio has a negative and considerable influence on profitability ratios, suggesting that a substantial debt burden may hinder a company's ability to generate profits. The liquidity ratio and solvency ratio have a significant impact on corporate profitability. These findings underscore the significance of effective liquidity management and capital structure in sustaining a company's financial performance and enhancing its profitability.
This study aims to examine the relationship between leadership and employee empowerment, particularly for female workers in financial institutions, which is designated by the government to address the challenges of gender inequality. By understanding the role of leaders who create a supportive culture, where female workers feel valued and motivated to contribute maximally, this situation impacts the improvement of quality of life and organizational growth (in microfinance institutions). The indicators used to measure variable X is Transformational Leadership, variable Y is Employee Empowerment, while variable Z is Quality of Life. The research method used in this study is quantitative method, with data collection techniques employing questionnaires. Then the data are processed by using PLS-SEM. 266 respondents were sampled for the study, which was tested by using Structural Equation Modeling (SEM). This analysis is used to determine whether there is a relationship between transformational leadership and quality of life through employee empowerment. The results of the PLS-SEM analysis indicate that the coefficient calculation of Employee Empowerment on Quality of Life is significant, with a value of 0.296. Transformational Leadership on Employee Empowerment is also significant, with a value of 0.680. Transformational Leadership on Quality of Life is significant as well, with a value of 0.418. The model prediction criteria testing shows an R-square value of 0.462 and 0.431, indicating a reasonably good model. The f-square and Q²predict values also show positive values, along with the results of the PLS model prediction.
The industrial sector on the Indonesia Stock Exchange experienced significant challenges with fluctuating contributions to the JCI, showing an increase in the early period but declining substantially in recent years. This study aims to analyze the company value of industrial sector issuers on the Indonesia Stock Exchange using the Tobin's Q model for the period of four years. The research employs a quantitative descriptive approach with industrial sector companies selected through purposive sampling technique. Data was collected through financial statement documentation and analyzed using the Tobin's Q ratio to classify companies based on their market valuation conditions. The results reveal that the majority of companies have a Tobin's Q value below one, indicating that stock market values are lower than the book value of assets. Only a small portion of companies fall into the overvalued category. This study concludes that most industrial sector companies on the IDX have not optimally managed their assets and require improved asset management efficiency to create added value for shareholders. The findings suggest significant room for improvement in asset utilization within Indonesia's industrial sector.
Skincare products have become among the biggest cosmetic goods in the worldwide market. The rapid expansion of the cosmetic industry has made Indonesia as the fastest-growing market for cosmetics in Asia, can be seen from the emergence of various new skincare brands, both local and international, which results in increasingly intense market competition. One of the primary strategies employed to promote skincare products in Indonesia is Social Media Marketing. This research aims to examine the impact of Social Media Marketing on Purchase Intention, with Brand Awareness and Brand Image serving as mediators, in skincare products. A non-probability sampling method and purpose sampling, was applied in this research. Questionnaires were distributed to 287 respondents in order to collect data, consisting of social media users familiar with skincare products. Hypotheses were tested using Structural Equation Modeling with the assistance of AMOS24 software. The findings reveal that Social Media Marketing significantly affects Brand Awareness and Brand Image. Moreover, Purchase Intention and Social Media Marketing are influenced by Brand Image.
This study investigates the impact of business capital, financial literacy, and financial technology on the sustainability of MSMEs in Bantul Regency. Data collection was conducted through a survey and distributed to respondents. This study involved a sample of 102 MSMEs in Bantul Regency that had been operating for at least 2 years and used a digital payment system as a means of payment. As to the study's findings, MSMEs' sustainability is negatively impacted by business capital, negatively impacted by financial technology, and positively impacted by financial literacy. The research is expected to contribute to UMKM actors to increase knowledge about business capital and financial technology which is a very important thing to prioritize. In addition, UMKM actors must continue to participate in mentoring and business coaching that focuses on capital and financial technology so that they can guarantee business sustainability.
This study seeks to explore and evaluate the impact of motivation, work discipline, and work stress on the performance of employees, with job satisfaction as a moderating variable, among Civil Servants in Banda Aceh City in the wake of the government’s regional budget efficiency policy. The budget efficiency policy implemented by the local government, as a response to fiscal constraints and economic dynamics, has various implications on the tasks and performance of Civil Servants. In Banda Aceh City, this policy represents a strategic step in optimizing resource management without compromising the quality of public services. However, reductions in operational budgets and employee expenditures may affect employee motivation, discipline, work stress, and job satisfaction in carrying out their duties. The population under study consists of employees from the Civil Servant category, which includes PNS and PPPK statuses, within Banda Aceh City. Accordingly, this study employs purposive sampling combined with incidental/convenience sampling methods. These sampling methods are chosen due to the convenience of selecting respondents when the total population size is unknown. Respondents are freely selected during the data collection period in June-July 2025. Data analysis was conducted using the Moderated Regression Analysis (MRA) method. The research results show that in the basic multiple linear regression model, work motivation and work discipline both have a significant impact on employee performance. However, work motivation is found to negatively influence employee performance. In the MRA model where job satisfaction acts as a moderating variable, work motivation and work stress exhibit a significant negative effect on employee performance, while work stress alone remains statistically insignificant. When job satisfaction moderates work motivation and work discipline, both variables positively and significantly influence employee performance. Conversely, work stress moderated by job satisfaction still does not have a significant effect on the performance of civil servants in Banda Aceh City, following the government's implementation of budget efficiency policies. Thus, human resource management in the Banda Aceh City government needs to prioritize job satisfaction as a central focus in efforts to improve employee performance under the budget efficiency policies introduced by the government. Programs aimed at increasing work motivation and work discipline will be more effective when accompanied by efforts to enhance job satisfaction through the development of a supportive work environment, provision of adequate rewards, and safeguarding the psychological well-being of employees—so that work stress can also be reduced.
This study aims to analyze the influence of organizational culture and external environmental uncertainty on management control systems (MCS) in companies in West Java. The dynamics of business competition and environmental changes demand that companies have adaptive and responsive management control systems. The research employs a quantitative approach with 72 respondents representing various managerial levels within companies in West Java. Data collection techniques involved surveys using both physical distribution and online (Google Forms), while data analysis utilized Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The results indicate that organizational culture significantly influences the implementation of management control systems. Similarly, external environmental uncertainty also proves to affect management control systems. These findings reinforce contingency theory, which emphasizes the importance of aligning internal and external organizational factors to determine the effectiveness of management control systems. The practical implications of this research suggest that companies in West Java should strengthen the organizational values that encourage openness, innovation, and shared commitment, thereby enhancing the effectiveness of management control systems. Additionally, companies need to improve their adaptability to external environmental changes, including market dynamics, regulations, and technological developments. This study is expected to contribute theoretically to the literature on the impact of organizational culture and environmental uncertainty on the effectiveness of management control systems, and serve as a reference for practitioners to enhance company competitiveness.
