University of Surabaya Journal
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Kemampuan CSR disclosure sebagai kosmetik earnings management
Full text linkPurpose – This study aims to analyze the role of Corporate Social Responsibility (CSR) disclosure in moderating the effect of earnings management (EM) on firm market value.
Method – The researcher employed a panel data regression method with a moderating variable approach. The sample consists of consumer cyclical companies listed on the Indonesia Stock Exchange (IDX) during the years 2022 and 2023.
Findings – The results show that earnings management (EM) does not have a significant effect on firm market value. However, the level of CSR disclosure has a positive and significant impact on market value, indicating that investors respond positively to greater transparency in social and environmental reporting. Additionally, CSR disclosure is not proven to moderate the relationship between EM and firm market value.
Implications – These findings have important implications for corporate management, regulators such as the Financial Services Authority (OJK), and the Indonesia Stock Exchange in formulating policies that promote social accountability and limit earnings management practices.
Originality – The novelty of this study lies in the use of prior-year CSR data to capture the delayed effect of information on investor decision-making, as well as the application of a content analysis approach based on Global Reporting Initiative (GRI) items to enhance the validity of CSR disclosure measurement
ESG and firm value: The moderating role of firm-specific contexts in Indonesia
Full text linkPurpose – This study aims to examine the impact of environmental, social, and governance (ESG) performance on firm market value, while incorporating firm-specific contexts such as downside risk and upside potential as moderating variables.
Methods – A quantitative approach was employed, using data from firms listed on the Indonesia Stock Exchange during 2018–2022 that had ESG scores from S&P Global Ratings. A total of 176 firm years were selected and analyzed using moderated regression analysis.
Findings - The results reveal a negative relationship between ESG performance and firm value. However, financial risk and environmental risk significantly mitigate the negative impact of ESG on firm value, while financial stability and sales growth do not moderate the relationship. These findings emphasize that investors in emerging markets perceive ESG differently than those in developed economies.
Implications - This research provides theoretical implications by enriching the literature on investor responses to ESG in developing countries, and practical insights for managers and investors in using ESG as a risk management tool..
Originality - Unlike prior studies in developed markets that highlight ESG’s positive role, this study shows that Indonesian investors tend to view ESG negatively unless it serves as an effective risk-reduction mechanism, highlighting the importance of firm-specific contexts
Nano Influencers And Social Factors As Drivers Of Hedonic Consumption Among Generation Z In Indonesia's Social Commerce
Full text linkPurpose: This study seeks to shed light on the often-overlooked role of nano influencers in shaping hedonic consumption among Generation Z (Gen-Z) in Indonesia’s rapidly evolving social commerce landscape. While much attention has been given to macro influencers, our research suggests that smaller, more trusted voices may hold the key to authentic consumer engagement.
Method: A cross-sectional survey of 200 Gen-Z consumers was conducted, utilizing Structural Equation Modeling (SEM) via Smart PLS to analyze the influence of nano influencers, reference groups, and communities on hedonic consumption. The research framework focuses on the social dynamics of peer validation over family influence.
Result: The findings indicate that nano influencers significantly enhance the influence of peer groups on Gen-Z’s hedonic consumption, while family influence appears less relevant. This result points to a shift in consumer behavior, where peer-driven validation is dominant. Marketers are encouraged to reconsider their strategies, placing greater emphasis on nano influencers for more genuine connections in the social commerce era
The Impact of Food Energy Consumption and Poverty Levels on the Prevalence of Food Inadequacy in Indonesia
Full text linkFood security in Indonesia continues to face serious challenges despite the declining poverty rate, indicating that income growth alone does not necessarily translate into improved nutritional outcomes. This study examines the effects of household food energy consumption and poverty levels on the prevalence of inadequate food consumption across 34 provinces in Indonesia from 2019 - 2024. The findings reveal that higher household food energy consumption significantly reduces the prevalence of inadequate food consumption, whereas poverty levels do not exhibit a significant effect. These results diverge from much of the existing literature that positions poverty as the primary determinant of food insecurity. The novelty of this study lies in demonstrating that food energy adequacy exerts a more direct and consistent influence than poverty status in explaining food insecurity at the provincial level. The policy implication is that poverty alleviation alone is insufficient to address nutritional deficiencies. Instead, interventions should focus on improving household access to energy-dense and nutritious foods through local agricultural development, food price stabilization, and targeted nutrition programs. Such strategies are considered more effective in supporting the achievement of the Zero Hunger target in Indonesia
Internal Drive and External Support: Shaping High Schoolers' Entrepreneurial Intentions.
Full text linkIndonesia's population, estimated at 282 million in 2024, presents significant entrepreneurial potential, yet the nation faces a high unemployment rate (8.5%) among high school graduates. To address this, the government launched the National Entrepreneurship Movement (GKN) and incorporated entrepreneurship education into the 2013 Curriculum. Beyond policy, parental influence, student self-belief (Locus of Control), and drive (Need for Achievement) are crucial psychological factors. This study uniquely integrates internal factors (Locus of Control, Need for Achievement) and external influences (Role of School, Role of Parents) to explain high school students’ entrepreneurial intentions in Indonesia a combination rarely examined empirically. The novelty lies in this unified model of psychological and contextual motivators. Using a quantitative survey with 103 respondents selected through purposive sampling, data were analyzed using multiple linear regression (IBM SPSS 26). The findings reveal that Locus of Control, Role of School, and Role of Parents significantly and positively influence entrepreneurial intention; Need for Achievement does not. This study contributes to the Theory of Planned Behavior (TPB) by emphasizing both contextual and psychological antecedents. Practically, the results provide strategic insights for schools and families to enhance Indonesia’s youth entrepreneurship ecosystem and long-term economic resilience
The Impact of Health Shocks and Gender on Labor Force Participation: Longitudinal Evidence from Indonesia
Full text linkThis study investigates the relationship between health dynamics and labor force participation (LFP) in Indonesia, utilizing nationally representative panel data from the Indonesia Family Life Survey (Waves 3–5, 2000–2014). Employing fixed-effects and random-effects logistic regression models, we analyze the impact of health status and health shocks on LFP and examine the moderating roles of wealth and gender in this relationship. Key findings reveal a significant health premium, but one that is unequally distributed: good health increases the probability of LFP by 39.8 percentage points for men but only 15.1 percentage points for women, underscoring substantial gendered constraints. Furthermore, health shocks reduce LFP by approximately 55%, yet household wealth alone fails to buffer this negative effect. Urban-rural disparities in the health-LFP link are statistically insignificant, indicating that vulnerability is geographically widespread. Collectively, these results challenge the sufficiency of traditional coping mechanisms and underscore the urgent need for proactive, gender-sensitive social protection policies designed to mitigate health-related productivity losses. This research advances human capital theory by quantifying the gendered returns to health and the limitations of passive wealth buffers, providing an empirical foundation for targeted policy innovation in Indonesia
PENGARUH PARAMETER PROSES BUBUT TERHADAP LAJU PEMBUANGAN MATERIAL DAN KEKASARAN PERMUKAAN PADA DRY MACHINING BAJA AISI 1045
Full text linkAbstract—Currently, machining, especially in the turning process using coolant fluids, is widely utilized in manufacturing. Coolant fluids are employed to reduce machining temperatures resulting from friction, especially at the cutting tool, which can lead to reduced tool lifespan, faster wear, and increased surface roughness. However, the positive impact of coolant usage is often accompanied by negative consequences. Dry Machining serves as an alternative machining method to achieve desired machining results. The machining parameters involved are cutting speed (V), feed depth (a), and feed rate (f) in the roughing process for AISI 1045 steel. This study aims to investigate the influence of these machining parameters on Material Removal Rate (MRR) and surface roughness (Ra) in dry machining. The experimental design adopts a three-level full factorial approach. From the Ra data, the highest independent influence is observed in (f) with a 0.7174 μm increase in Ra for each level. Regarding parameter interaction, the highest influence on Ra is the interaction between (f) and (a), with a 0.012 μm increase for each level. In terms of MRR data, the highest independent influence is (V) with a 26,407.810 mm3/min increase for each level. The highest interaction influence on MRR is the interaction between (a) and (V), resulting in a 6,778,575 mm3/min increase for each level.
Keywords: dry machining, surface roughness, material removal rate, AISI 1045, three-level full factorial
Abstrak—Saat ini, pemesinan khususnya pada proses bubut menggunakan cairan coolant umum digunakan dalam manufaktur. Cairan coolant digunakan untuk mengurangi temperatur pemesinan akibat gesekan yang dihasilkan selama pemesinan, terutama pada pahat. Panas tersebut dapat menyebabkan pengurangan umur pahat, keausan yang lebih cepat, dan peningkatan kekasaran permukaan hasil pemesinan. Namun, dampak positif penggunaan coolant sering kali disertai dampak negatif. Dry Machining menjadi alternatif pemesinan untuk mencapai hasil pemesinan yang diinginkan. Parameter pemesinan yang digunakan adalah kecepatan potong (V), kedalaman pemakanan (a), dan gerak pemakanan (f). Jenis proses bubutnya adalah roughing. Penelitian ini dilakukan untuk mengetahui pengaruh parameter pemesinan bubut terhadap MRR dan Ra pada dry machining AISI 1045. Desain eksperimen dilakukan dengan three-level full factorial. Dari data Ra, pengaruh tertinggi secara independen adalah f sebesar 0,7174 μm terhadap Ra. Sedangkan secara interaksi parameter, pengaruh tertinggi terhadap Ra adalah interaksi f dengan a. sebesar 0,012 μm. Dari data MRR,, menunjukkan pengaruh tertinggi secara independen adalah V, sebesar 26.407,810 mm3/min. Secara interaksi antar parameter, pengaruh tertinggi terhadap respon MRR adalah interaksi a dan V sebesar 6.778,575 mm3/min. Secara keseluruhan, jika dry dibandingkan dengan wet machining cenderung memberikan Ra yang lebih baik karena adanya pendinginan. Namun, pilihan tersebut harus mempertimbangkan aspek biaya dan dampak lingkungannya.
Kata kunci: dry machining, kekasaran permukaan, laju pembuangan material, AISI 1045, three-level full factoria
The Control problem discovery formula: Practical framework in MCS for research and business
No full textPurpose – This study develops a conceptual framework as a formula to systematically discover control problems within organizations by integrating organizational objectives, nature, and existing management control systems (MCS), so facilitating the solution process for research and business.
Methods – This qualitative research uses six undergraduate students’ theses on MCS from diverse organizational contexts. It is based on information analysis from collected documentation through interviews, observations, and document analysis, completed with a triangulation method to minimize bias. Then, we do synthesis and exploration to construct an effective framework for discovering control problems.
Findings – The study highlights that control problems often arise from misaligned objectives, organizational and cultural complexities, and deficiencies in MCS design and implementation. The proposed framework, as a formula, can connect organizational goals, nature, and MCS through iterative feedback loops, enabling organizations to discover root problems effectively and facilitate the solution development process.
Implications – Practically, this framework provides an approach as a systematic formula and implemented in a structured way to help managers, researchers, and businessmen discover organizations’ control problems effectively.
Originality – This research fills gaps in the MCS literature by offering a practical formula with mechanisms to demonstrate and explain the linkages between the symptoms of control problems and their root causes
The Influence of Service Quality and Trust on Customer Loyalty with Customer Satisfaction as an Intervening Variable (The Case Of Alodokter Health Services Application)
No full textPurpose:This study aims to analyze the effect of Service Quality and Trust on Customer Loyalty with Customer Satisfaction as an intervening in the Alodokter Health Service Application in Surabaya. The object of this study is individuals who have and have used the Alodokter Health Service Application, especially those in the city of Surabaya.
Method: This research is a causal research using non-probability sampling techniques with purposive sampling. Respondents in this study are respondents who are at least 17 years old, domiciled in the city of Surabaya, who own and have used the Alodokter Health Service Application more than once in the last six months to one year. The data analysis tool used in this study is Partial Least Square with the SmartPLS 3.0 program application.
Result: The results of this study show that Service Quality has a positive and significant effect on Customer Satisfaction. Trust has a positive and significant effect on Customer Satisfaction. Customer Satisfaction has a positive and significant effect on Customer Loyalty. Service Quality has a positive and significant effect on Customer Loyalty. Trust has a positive and significant effect on Customer Loyalty. Service Quality has a positive and significant effect on Customer Loyalty mediated by Customer Satisfaction. Trust has a positive and significant effect on Customer Loyalty mediated by Customer Satisfaction
ANALISIS PERENCANAAN PAJAK PENGHASILAN PASAL 21 SEBELUM DAN SESUDAH BERLAKUNYA PMK NOMOR 66 TAHUN 2023 PADA PT CPN
Full text linkTax planning is an effort to reduce or minimize the tax burden that must be paid to the state, ensuring that the tax paid does not exceed the actual amount while still complying with applicable tax regulations, hence legal. The change in regulations, namely PMK Number 66 of 2023, is interesting to analyse because it directly impacts employees and companies, particularly in designing more strategic and efficient tax planning strategies. This study aims to analyse the planning of Income Tax (PPh) Article 21 at PT CPN before and after the implementation of the Minister of Finance Regulation (PMK) Number 66 of 2023. The method used in this research is a descriptive method with a qualitative approach at PT CPN using observation and documentation techniques. The data analysed includes financial reports, tax documents, and interviews with related parties at PT CPN. This analysis aims to evaluate the impact of the new regulation on the company's tax burden and identify changes in the strategies implemented. The results of the study show that the Minister of Finance Regulation (PMK) Number 66 of 2023 has a significant impact on PT CPN's tax planning. This research found that tax planning conducted after the implementation of the Minister of Finance Regulation (PMK) Number 66 of 2023 is more efficient. Additionally, this research identifies the challenges faced by PT CPN in adjusting to the new regulation and provides recommendations for optimizing future tax planning