Rumah Jurnal Institut Pesantren KH. Abdul Chalim
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Mediating Role of Work Motivation in the Relationship of Career Development and Distributive Justice with Employee Performance among Cosmetics Sector Employees
Full text linkEmployee performance is a crucial factor in achieving organizational goals. However, performance can be influenced by various organizational factors, such as career development and distributive justice. Despite numerous studies on these topics, the role of work motivation as a mediating variable remains underexplored. This raises the question: does work motivation mediate the effect of career development and distributive justice on employee performance? This study aims to examine the effect of career development and distributive justice on employee performance, with work motivation as a mediating variable. A quantitative research approach was used, employing Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) method through SmartPLS 3.0 software. Data were collected from 115 employees in the cosmetics sector in Cirebon, Indonesia, using a structured questionnaire. The results show that career development and distributive justice both have a positive and significant effect on employee performance and work motivation. Additionally, work motivation significantly mediates the relationship between career development and distributive justice on employee performance. These findings suggest that organizations should pay greater attention to fairness in resource distribution and provide structured career development programs to enhance motivation, which in turn improves employee performance. This study contributes to the literature by emphasizing the role of motivation as a key mediator between organizational practices and performance outcomes
The Effect of Profitability, Tax Planning, Independent Commissioners, and Firm Size on Firm Value: Evidence from the Indonesian Financial Sector
Full text linkThe value of a firm is a critical concern for stakeholders, especially in the financial sector, where internal governance and financial strategies play a vital role. This study investigates the influence of profitability, tax planning, independent commissioners, and firm size on firm value in financial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The research problem centers on identifying which internal factors significantly contribute to enhancing firm value in the post-pandemic recovery phase. The study aims to analyze these relationships using a quantitative approach. Secondary data were collected from audited annual financial statements and official company websites. A total of 152 financial companies were selected through purposive sampling. Data analysis was performed using SPSS version 25.0, applying descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination (R²). The findings reveal that profitability and the presence of independent commissioners have a positive and significant effect on firm value. Conversely, tax planning and firm size do not show a significant influence. These results offer practical implications for company management, investors, and policymakers in identifying and reinforcing internal factors that drive firm value in Indonesia's financial sector. The study adds to the limited literature focusing on this sector, especially during the multi-year recovery period following the COVID-19 pandemic
Full Costing vs Traditional Costing Which One is Better For Manufacturing Company
Full text linkThis study aims to determine and analyze the analysis of the calculation of cost of production using the full costing method in determining the selling price at PT. Sutrajaya Indahtama. This research uses a comparative descriptive method with a qualitative approach to compare the calculation of cost of goods produced between the traditional method and the full costing method at PT Sutrajaya Indahtama. Data were collected through interviews, observations, and documentation. The analysis was conducted by identifying cost components, calculating total production costs, and comparing the efficiency and profitability of each method through financial ratio analysis and operational cost efficiency. The results showed that the calculation of cost of goods manufactured (COGS) using the full costing method resulted in a higher figure than the traditional method used by PT Sutrajaya Indahtama. The traditional method does not reflect the total cost as a whole because it does not include all indirect cost components. The application of the full costing method provides a more accurate picture of production costs, increases cost efficiency from the previous 43%, and helps companies identify and control waste. In addition, this method contributes to the improvement of the company's profitability, by preventing hidden losses due to underpricing and increasing the Return on Assets value
The Influence of Environmental, Social, and Governance (ESG) Scores on Stock Returns Using Firm Size as a Control Variable: A Case Study of LQ45-Indexed Companies Listed on the Indonesia Stock Exchange (2019–2023)
Full text linkThis study investigates the influence of Environmental, Social, and Governance (ESG) scores on stock returns, incorporating firm size as a control variable. The research focuses on companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) during the period from 2019 to 2023. A total of 18 companies were selected through purposive sampling, yielding 90 panel data observations. This study employs a quantitative approach with an explanatory research design. Descriptive statistics and panel data regression analyses were conducted using the EViews application to assess both the individual (partial) and joint (simultaneous) effects of ESG dimensions on stock returns. The findings reveal that the Environmental and Governance scores significantly and positively affect stock returns, indicating that companies with higher environmental responsibility and stronger governance mechanisms tend to deliver better stock performance. In contrast, the Social score does not exhibit a statistically significant effect on stock returns, suggesting that social initiatives are yet to be perceived as a major investment consideration in the Indonesian capital market. The control variable, firm size, was included to account for the effect of company scale on stock performance. Overall, the results support the signaling theory, which posits that ESG disclosures serve as credible signals to investors
The Influence of Net Profit Margin, Return on Assets, and Earnings per Share on Stock Price with Debt to Equity Ratio as a Moderating Variable in the Basic Materials Secto
Full text linkThis study aims to analyze the influence of Net Profit Margin (NPM), Return on Assets (ROA), and Earnings per Share (EPS) on stock prices in companies within the Basic Materials sector, with Debt-to-Equity Ratio (DER) as a moderating variable. The research uses a quantitative approach with an associative type of study. Secondary data were obtained from the annual financial statements of companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The testing was conducted through Moderated Regression Analysis (MRA), preceded by classical assumption tests. The analysis results show that in the first model, the relationship between NPM, ROA, and EPS with stock prices is moderately strong, with a correlation value of 0.557 and a coefficient of determination of 31%. When DER is included as a moderating variable in the second model, the relationship becomes strong, with a correlation value of 0.670 and the coefficient of determination increases to 44.9%. Simultaneously, NPM, ROA, EPS, and DER along with their interaction terms significantly influence stock prices. The results indicate that NPM, ROA, and EPS each have a positive and significant partial effect on stock prices. DER also has a positive and significant effect. However, the moderating interaction results show that DER significantly moderates the relationship between NPM, ROA, and EPS on stock prices in a negative direction. This means that a higher DER weakens the positive influence of these three financial ratios on stock prices. These findings highlight the importance of optimal capital structure management to avoid diminishing market perceptions of a company’s value. The results suggest that optimal capital structure and operational efficiency are key factors in shaping market perception of firm value
The Influence of Compensation and Organizational Commitment on Employees' Turnover Intention at PT Ruang Raya Indonesia (Ruangguru) West Kalimantan Regional Office
Full text linkThis study examines the impact of Compensation and Organizational Commitment on employees' Turnover Intention at Ruangguru. The research utilizes a quantitative approach with 58 respondents from various departments within the organization. Data were analyzed using multiple linear regression, with normality, linearity, and multicollinearity tests conducted to ensure the validity of the results. The findings reveal that both Compensation and Organizational Commitment have a significant influence on Turnover Intention, with Compensation being the more dominant factor. Higher compensation increases the likelihood of employees considering leaving the organization if they feel inadequately compensated, while stronger Organizational Commitment reduces Turnover Intention. These results suggest that organizations should focus on offering competitive compensation and fostering a strong commitment to minimize turnover intentions and improve employee retention
Dynamics of Islamic Economic Development in the Past a Decade: A Bibliometric Analysis and Systematic Literature Review
Full text linkThis study aims to examine the dynamics of Islamic economic and financial development over the past decade (2014–2024) through a bibliometric approach and systematic literature review (SLR). Data were collected from 600 Scopus-indexed scientific articles using the PRISMA protocol and analyzed with the help of the Biblioshiny-R software. The results of the study reveal a significant upward trend in publications, with an annual growth rate of 16.36%, predominantly contributed by Malaysia, Indonesia, and the United Kingdom. The most prominent research topics include Islamic banking, Sharia governance, Islamic fintech, sukuk, and sustainability. International collaboration is notably high, with 33% of the publications resulting from cross-country cooperation. The study identifies several gaps in the literature, such as the limited use of empirical approaches, the low integration of maqashid sharia principles with the Sustainable Development Goals (SDGs), and the lack of cross-country and multidisciplinary research. These findings suggest that future research should focus on more contextual, interdisciplinary, and globally responsive exploration. Thus, this study not only maps the comprehensive development of Islamic economic literature but also provides a strategic foundation for formulating a more relevant and sustainable research agenda
The Influence of Financial Management Education, Financial Literacy, and Personal Financial Attitudes on Paylater Usage: Hedonistic Lifestyle as a Mediator
Full text linkThis study investigates the influence of Financial Management Education, Financial Literacy, and Personal Financial Attitudes on Paylater usage, with Hedonic Lifestyle as a mediating variable. It aims to determine whether these financial factors significantly impact Paylater use and whether Hedonic Lifestyle mediates the relationship. The research was conducted using a survey method with purposive sampling, targeting 600 university students across Indonesia who have used or are currently using Paylater services. Data were collected through questionnaires and analyzed using Structural Equation Modeling (SEM). The findings show that Financial Management Education, Financial Literacy, and Personal Financial Attitudes significantly influence Paylater usage. However, Hedonic Lifestyle does not have a significant direct effect and does not mediate the relationship between financial knowledge, attitudes, and Paylater use. This suggests that financially literate individuals with responsible financial attitudes may still choose to use Paylater not due to hedonistic motivations, but because of practical reasons such as convenience, urgency, or ease of access. The novelty of this study lies in its integrated model that combines financial behavioral factors with lifestyle aspects an approach that is still rarely explored in Paylater-related research
Peran Brand Ambassador K-Pop terhadap Keputusan Pembelian Konsumen: Studi pada Produk Nabati dan Komunitas MYNE
No full textThis study aims to evaluate the influence of aespa, appointed as a brand ambassador, in increasing Nabati’s purchasing decisions among the MYNE community using the VisCAP method. The method applied in this research is quantitative. A quantitative approach allows data to be collected in numerical form and analyzed using various statistical methods, such as descriptive analysis to illustrate data characteristics, correlation analysis to identify relationships between variables, and hypothesis testing to examine differences or associations within the data. This process enables researchers to identify patterns, trends, or influences that can be applied to larger populations. The sampling technique is divided into two categories: non-probability sampling and probability sampling. Data for this research were obtained by distributing questionnaires to respondents who are members of the aespa fan community (MYNE), and data collection was also supported by a literature review. The variables examined in this study are Brand Ambassador as variable X and Purchase Decision as variable Y. The data analysis techniques used include validity and reliability tests, classical assumption tests, hypothesis testing, and simple linear regression analysis. Findings from the t-test on variable X (Brand Ambassador) show a t-value of 7.316 with a significance level of 0.000. Since the significance value is below 0.05 (0.000 < 0.05) and the regression coefficient is positive at 0.701, it can be concluded that the brand ambassador has a 70.1% influence on consumers’ purchasing decisions
Determinants of Stock Prices Infrastructure on the Indonesia Stock Exchange
Full text linkThis study examines the relationship between a company's financial condition and the value of its shares in the market. The focus is on infrastructure sector companies in Indonesia listed on the stock exchange for the last three years (2021-2024). Similar studies use certain common financial variables, but this study tries a new approach by adding two additional variables, namely ROA (which reflects the efficiency of the company in generating profits from its assets) and company size (which describes the scale or size of the company). The aim is to see whether these two variables have a significant influence on the value of shares in the market. Using a quantitative approach and purposive sampling, the research gathered 172 observations from 43 companies. Panel data regression (cross-section and time-series) was applied through statistical software. This study found that several financial indicators such as EPS, NAVPS, and PER support that a significant and positive influence on stock prices. However, ROA in infrastructure companies in this study period, was not statistically proven to significantly affect stock prices. These findings highlight that not all financial indicators equally reflect market perceptions, particularly in capital-intensive and regulation-sensitive sectors like infrastructure. The study advises financial managers to enhance key indicators such as EPS, NAVPS, and PER to attract investors and boost firm value. For investors, the research offers guidance on which financial indicators to prioritize when evaluating stock prospects, while also cautioning that some metrics, like ROA, may not reliably predict price movements