Journal of Economic and Economic Policy
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HOW INSTITUTIONAL OWNERSHIP DRIVES FINANCIAL PERFORMANCE WHILE LARGER FIRMS STRUGGLE
No full textGeneral Background: Financial performance is a critical aspect of company evaluation, influenced by various internal and external factors. In the context of emerging markets, such as Indonesia, understanding the determinants of financial performance is crucial for both investors and policymakers. Specific Background: This study investigates the impact of institutional ownership, leverage, and company size on the financial performance of manufacturing technology sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2023. Knowledge Gap: Although previous research has explored individual factors affecting financial performance, limited studies have concurrently examined institutional ownership, leverage, and company size within a specific sector in the Indonesian market. Aims: This research aims to elucidate the causal relationships between institutional ownership, leverage, and company size on financial performance, measured by Return On Assets (ROA), using a quantitative approach and multiple linear regression analysis. Results: The study finds that institutional ownership significantly positively impacts financial performance, suggesting that higher institutional supervision enhances management effectiveness and investor confidence. Conversely, leverage exhibits a negative but statistically insignificant effect, indicating it is not a major determinant of financial performance. Company size is found to have a significant negative effect, implying that larger firms may experience decreased financial performance due to potential inefficiencies in asset management. Novelty: This research provides a nuanced understanding of how institutional ownership, leverage, and company size interactively influence financial performance within the technology manufacturing sector in Indonesia, contributing new insights into sector-specific financial dynamics. Implications: The findings highlight the importance of institutional investors in enhancing company performance and suggest that larger firms may need to focus on improving asset management practices. Future research should explore additional variables and other sectors to enhance generalizability and provide broader insights into financial performance determinants
THE EFFECT OF CAPITAL STRUCTURE, INVESTMENT DECISION AND SALES GROWTH ON COMPANY VALUE
No full textThis study aims to analyze how the influence of capital structure, investment decisions, and sales growth on company value in Consumer Goods Sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2021-2023. The research approach used in this research is quantitative research with secondary data in the form of financial statement documentation. The technique of collecting funds with purposive sampling and the data analysis technique used in this research is multiple linear regression analysis which is processed using the SPSS version 25 program. The population in this study are Consumer Goods Sector Manufacturing companies listed on the Indonesia Stock Exchange in 2021-2023. This study realizes the need to focus on all aspects of financial reporting before deciding to invest, not only looking at increasing sales, but also at the level of capital management to produce good operational activities. From an investment perspective, investors need to consider aspects such as capital structure, investment decisions, and sales growth before deciding to invest in a company
COMMODIFICATION OF RELIGION: BETWEEN RELIGION AND MANIPULATION (A LITERATURE REVIEW)
No full textObjective: This study investigates the current practices of religious commodification and their effects on religious authenticity, focusing on how commercialization impacts the spiritual integrity of religious values. Method: Employing a literature study approach, the research analyzed 53 articles selected from databases such as Google Scholar, ScienceDirect, ProQuest, JIM, and ResearchGate. These articles were drawn from an initial pool of 30,590 publications related to religious commodification, with 20 articles serving as the analytical framework. Results: The findings reveal that religious commodification is a manipulative practice aimed at material gain, often resulting in the erosion of spiritual values and the reduction of religion to a consumable commodity. This process undermines the sacredness of religious practices, transforming them into tools for societal and economic exploitation. Novelty: The study highlights that religious commodification is not merely a commercial phenomenon but a materialistic intrusion that challenges the foundational beliefs and authenticity of religious practices. This perspective underscores the need to reexamine the balance between spiritual and material elements in religious contexts. Future research should incorporate direct case studies to provide empirical insights into the nuanced practices of religious commodification, offering critical guidance for religious communities and policymaker
FACTORS AFFECTING STUDENTS INTEREST IN BECOMING PUBLIC ACCOUNTANTS
No full textThis study aims to examine the influence of labor market considerations, financial rewards, and professional risks on accounting students' interest in pursuing a career as public accountants at the Islamic University of Darul Ulum Lamongan and STIE Cendekia Bojonegoro. Methods: The research employed a quantitative associative approach, using a saturated sampling technique, with a sample of 71 final-year accounting students. Data were collected through questionnaires and analyzed using multiple linear regression with SPSS Version 25. Results: The findings reveal that labor market considerations, financial rewards, and professional risks each have a significant positive effect on students' interest in becoming public accountants, with t-test results indicating strong statistical support for all three variables. Simultaneously, these factors collectively influence students' career interests, highlighting their complementary role in shaping aspirations. Novelty: This study underscores the significance of professional risks as a motivating factor, demonstrating that perceived risks, when associated with high potential rewards, can positively influence career decisions. This insight provides a nuanced understanding of the factors driving career preferences among accounting students in Indonesia, with implications for educational institutions and professional organizations aiming to enhance interest in the public accounting profession
CAPITAL STRUCTURE, FIRM SIZE, AND EFFECTIVE TAX RATE ON THE FINANCIAL PERFORMANCE OF AUTOMOTIVE SUBSECTOR COMPANIES
No full textGeneral Background: Financial performance is a crucial indicator of a company's success and sustainability, particularly in competitive industries such as the automotive subsector. Various factors, including capital structure, firm size, and effective tax rate, are considered significant determinants of financial performance. Specific Background: In the context of the automotive subsector, these factors have garnered considerable attention due to the industry's capital-intensive nature and its exposure to dynamic market conditions. However, existing research often overlooks the combined impact of these variables within this specific sector. Knowledge Gap: Limited studies have comprehensively examined the influence of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies, particularly during the period 2020-2023, characterized by global economic uncertainty. Aims: This study aims to analyze the effects of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies in Indonesia. Results: Using a quantitative approach and multiple linear regression analysis on data from 12 purposively sampled companies during the 2020-2023 period, the findings reveal that all three variables—capital structure, firm size, and effective tax rate—significantly influence financial performance. Novelty: The study provides fresh insights into the interrelation of these financial determinants within the automotive subsector, highlighting their unique impact during a period of global economic flux. Implications: These findings offer valuable implications for corporate management and policymakers in designing strategies to enhance financial performance, emphasizing the need for optimal capital structuring, scaling strategies, and effective tax planning. Further research could explore longitudinal impacts and sectoral comparisons to deepen understanding of these dynamics
FAKTOR DETERMINAN PELAYANAN MEDIS TERHADAP KEPUASAN PASIEN SERTA IMPLIKASI TERHADAP PELAYANAN KESEHATAN PRIMA
No full textPenelitian ini menganalisis faktor determinan pelayanan medis terhadap kepuasan pasien dan implikasinya terhadap pelayanan kesehatan prima di Dokter Praktek Mandiri (DPM) Pasir Impun, Bandung. Survei dilakukan dengan purposive sampling pada 100 pasien DPM dr. Titiek. Data dianalisis menggunakan analisis jalur dan pengujian hipotesis. Meskipun pelayanan kesehatan secara umum dianggap baik, terutama dalam memahami kebutuhan pasien, ruang tunggu pasien mendapat penilaian rendah. Meski begitu, kepuasan pasien secara keseluruhan sangat puas, terutama dalam dimensi tangible seperti kebersihan dan kenyamanan ruangan. Faktor-faktor determinan kepuasan pasien meliputi kualitas pelayanan medis, kepercayaan pada dokter, dan kualitas fasilitas kesehatan. Implikasi penelitian ini menyoroti pentingnya peningkatan kualitas pelayanan medis dan fasilitas untuk mencapai kepuasan pasien dan pelayanan kesehatan prima. Disarankan bagi DPM dr. Titiek untuk meningkatkan kualitas ruang tunggu dan memberikan pelatihan kepada staf medis untuk meningkatkan keterampilan mereka
FAKTOR-FAKTOR YANG MEMPENGARUHI KEPATUHAN WAJIB PAJAK DALAM MEMBAYAR PAJAK KENDARAAN BERMOTOR PADA PERSPEKTIF MAHASISWA
No full textPenelitian ini bertujuan untuk mengetahui Kesadaran Wajib Pajak, Kualitas Pelayanan , Sanksi Pajak dan Kewajiban Moral Terhadap Kepatuhan Wajib Pajak Kendaraan Bermotor di Kabupaten Sidoarjo. Penelitian ini menggunakan data primer yaitu kuesioner yang dibagikan kepada 144 responden dengan menggunakan purposive sampling. Populasi yang digunakan adalah mahasiswa Program Studi Akuntansi Universitas Muhammadiyah Sidoarjo tahun 2019. Teknik analisis data yang digunakan adalah analisis statistik deskriptif, uji validitas, uji reliabilitas, analisis regresi linier berganda, uji koefisien determinasi dan uji t menggunakan SPSS v.26. dalam pengolahan datanya. Hasil penelitian ini menunjukkan bahwa Di Kabupaten Sidoarjo, kesadaran wajib pajak berpengaruh signifikan terhadap kepatuhan wajib pajak kendaraan bermotor, kualitas pelayanan berpengaruh signifikan terhadap kepatuhan wajib pajak kendaraan bermotor, sanksi pajak tidak berpengaruh terhadap kepatuhan wajib pajak kendaraan bermotor dan kewajiban moral tidak berpengaruh terhadap kepatuhan wajib pajak kendaraan bermotor
STRATEGI DAYA TARIK CELEBRITY ENDORSE, TRUST, DAN CUSTOMER KNOWLEDGE TERHADAP KEPUTUSAN PEMBELIAN PRODUK SEPEDA MOTOR HONDA (SIDOARJO)
No full textThe purpose of this research is to determine the influence of celebrity endorsement, trust, and customer knowledge on purchasing decisions for Honda motorbikes. This research uses quantitative methods with a population of Honda motorbike users in Sidoarjo and this sample consists of 100 respondents. The sampling technique uses nonprobability sampling with purposive sampling. Data collection methods include interviews and questionnaires. Questionnaire using Google Form online. The data analysis technique uses a Likert scale and uses multiple linear regression analysis with the help of the SPSS program
PENGARUH DIGITAL MARKETING DAN INOVASI PRODUK DALAM MENINGKATKAN SALES GROWTH UMKM KECAMATAN SIDOARJO
No full textPenelitian ini bertujuan untuk mengetahui pengaruh aspek digital marketing dan inovasi produk terhadap peningkatan sales growth. Metode yang digunakan adalah kuantitatif dengan pendekatan survei. Data dikumpulkan melalui kuesioner. Penelitian ini melibatkan 88 responden pelaku UMKM di Kecamatan SIdoarjo. Berdasarkan hasil pengolahan data menunjukkan bahwa digital marketing dan inovasi produk berpengaruh positif signifikan dalam meningkatkan sales growth secara parsial. Hal ini dibuktikan dengan Uji T yang menghasilkan variabel digital marketing diperoleh nilai Thitung = 3,568 dengan tingkat signifikasi 0,001 dan variabel strategi pemasaran diperoleh nilai Thitung = 2,325 dengan tingkat signifikan 0,022. Dengan demikian dapat disimpulkan bahwa, penerapan digital marketing dan strategi pemasaran dalam berbisnis dapat meningkatkan volume penjualan yang lebih besa
PENGARUH BRAND IMAGE, TRUST DAN SALES PROMOTION TERHADAP KEPUASAN PELANGGAN DI KLINIK KECANTIKAN ATHENA SURABAYA
No full textKepuasan pelanggan sangat penting bagi perusahaan karena berkontribusi langsung pada retensi pelanggan, peningkatan penjualan, dan reputasi yang baik. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh brand image, trust dan sales promotion terhadap kepuasan pelanggan di Klinik Kecantikan Athena Surabaya. Penulis tertarik memilih judul ini karena adanya fenomena yang terjadi, yaitu adanya peningkatan kesadaran masyarakat akan pentingnya perawatan kulit yang membuat persaingan bisnis di industri perawatan kulit semakin meningkat. Hal itu menjadikan semakin banyak Perusahaan yang bergerak di industri perawatan kulit tumbuh di kota Surabaya. Penulis memilih Klinik Kecantikan Athena sebagai tempat yang di teliti karena Klinik Kecantikan Athena adalah salah satu klinik kecantikan yang didirikan oleh seorang dokter yang juga kerap mengedukasi masyarakat perihal perawatan kulit, cream abal abal didalam content nya. Metode yang digunakan dalam penelitian ini adalah kuantitatif dengan pengumpulan data melalui kuesioner yang dibagikan kepada pelanggan klinik. Sampel yang digunakan dalam penelitian ini berjumlah 100 responden yang dipilih dengan cara mengandalkan pertimbangan peneliti atau faktor-faktor tertentu dalam pemilihannya. Data yang terkumpul kemudian dianalisis menggunakan analisis regresi berganda untuk menguji hipotesis yang diajukan Pengujian hipotesis ini dibuktikan melalui uji t (parsial) bahwa Brand Image tidak berpengaruh terhadap kepuasan pelanggan, Trust berpengaruh terhadap kepuasan pelanggan, juga Sales Promotion berpengaruh terhadap kepuasan pelanggan. Serta uji F (Simultan) dengan F hitung lebih besar dari F table. Dengan perolehan nilai determinasi (R2) sebesar atau 23,3 %, sedangkan sisanya 76,8% lainnya dijelaskan oleh variabel lain yang tidak diteliti oleh penulis seperti variabel kualitas layanan, harga, word of mouth dan lain-lai