Article Per Year (5 Year)
p-Index From 2021 - 2026
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All Journal Journal Research of Social Science, Economics, and Management Eduvest - Journal of Universal Studies
Jagat Prirayani
Institut Teknologi Bandung, Indonesia
Aerospace Engineering Computer Science & IT Environmental Science Health Professions Neuroscience Social Sciences

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Export Performance Under Environmental and Political Frictions: Evidence From Indonesia Jagat Prirayani; Ana Noveria
Journal Research of Social Science, Economics, and Management Vol. 5 No. 10 (2026): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v5i10.1457

Abstract

This study examines how environmental quality and political stability shape Indonesia's export performance, focusing on interactions among macroeconomic, environmental, and institutional factors. While traditional export models emphasize economic growth and exchange rate effects, this paper argues that these factors alone cannot fully explain export outcomes given growing environmental constraints and institutional complexities. Using annual data from 1996 to 2023, the research applies multiple regression models to assess direct, nonlinear, and interactive effects of key variables, including GDP, carbon emissions, political stability, and exchange rate fluctuations. The empirical findings highlight three key points. First, economic growth consistently emerges as a strong and significant driver of export performance, underscoring the role of domestic productive capacity. Second, the relationship between environmental pressure and exports is nonlinear; initial industrial expansion tends to boost exports, but excessive carbon emissions can undermine long-term competitiveness. Third, environmental concerns appear to diminish the effectiveness of exchange rate depreciation, indicating a conditional limit on macroeconomic policy. Fourth, political stability does not directly affect exports but significantly shapes how exchange rate changes influence them, underscoring the importance of institutional quality as an enabling factor. Overall, the findings indicate that export performance results from a complex interplay of macroeconomic fundamentals, environmental conditions, and institutional factors. Policy-wise, the results suggest that export promotion should go beyond traditional methods focused on growth and exchange rate policies and should also include environmental improvements and institutional capacity-building.
From Balance Sheets to Market Performance: How Internal Efficiency and Economic Conditions Shape Shareholder Value in Indonesian Major Banks Arya Pradipta; Jagat Prirayani
Eduvest - Journal of Universal Studies Vol. 5 No. 11 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i11.52389

Abstract

This study investigates how internal efficiency and external macroeconomic conditions jointly shape the profitability and shareholder value of Indonesia’s major banks under the KBMI 3 and KBMI 4 classifications during the post-COVID-19 period (2020–2024). Using a quantitative–causal explanatory design and panel data regression, the research analyzes quarterly financial and macroeconomic data from 15 publicly listed banks. Internal determinants are measured through bank size (KBMI), seasonal periods (Q1–Q4), and the CAMEL framework—Capital Adequacy Ratio (CAR), Non-Performing Loans (NPL), Good Corporate Governance (GCG), Operational Efficiency (BOPO), and Loan-to-Deposit Ratio (LDR)—while external determinants include GDP growth, inflation, unemployment rate, consumer and business confidence indices, Bank Indonesia rate, exchange rate, and COVID-19 period. The results indicate that credit quality (NPL), intermediation efficiency (LDR), seasonal periods, and bank scale (KBMI) significantly affect profitability (ROA) and quarterly earnings per share (QEPS). Externally, consumer confidence, business optimism, and employment conditions play a supporting but secondary role. Overall, the findings highlight that sustainable profitability in Indonesia’s major banks is driven primarily by internal management efficiency, prudent risk governance, bank scale, and adaptive response to macroeconomic fluctuations, providing valuable insights for regulators, investors, and policymakers in maintaining financial stability and shareholder value.
The Financial Ripple Effect: Evaluating the Impact of Corporate Downsizing in Meta Aaron Kevin Sammy Tatengkeng; Sylviana Maya Damayanti; Jagat Prirayani
Journal Research of Social Science, Economics, and Management Vol. 5 No. 4 (2025): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v5i4.1192

Abstract

This study examines the financial ramifications of corporate downsizing on Meta Platforms Inc., focusing on the timeframe from 2018 to 2025, which includes the company's rapid growth and the ensuing "Year of Efficiency" layoffs commencing in late 2022. The study uses a quantitative approach, looking at changes in key financial and operational factors before and after the downsizing intervention. It does this by using Interrupted Time Series Analysis (ITSA) and multiple regression models on quarterly data. There is a lot going on with this "ripple effect." On the one hand, cutting back on staff and costs helped profits and efficiency a lot in the short run. Some numbers, like Return on Assets (ROA) and Operating Margin (OPM), went up after the company was slashed. Operating Income per Employee (OIPE) also went up. This means that employees made more money, mostly because costs were cut. On the other hand, the plan made it harder to get work done. Sales per Employee (SPE) steadily went down, which shows that fewer workers hurt production and may have hurt employee happiness. Also, cutting back on staff did not have a big effect on Return on Equity (ROE) or the Operating Cash Flow to Assets ratio (OCF). This means that laying off workers did not instantly increase short-term liquidity or returns for shareholders. Even when internal variables like R&D intensity and leverage and external macroeconomic factors like GDP growth and inflation were considered, these results stayed the same.
Co-Authors Aaron Kevin Sammy Tatengkeng Ana Noveria Arya Pradipta Sylviana Maya Damayanti