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Unraveling the Impact of Covid-19: Financial Distress and Resilience in Indonesian Retail Giants I Ketut Mangku; Andika Andika; Nadia; Melli Agustiani
Dinasti International Journal of Economics, Finance & Accounting Vol. 4 No. 3 (2023): Dinasti International Journal of Economics, Finance & Accounting (July - August
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v4i3.1978

Abstract

This study aims to analyze whether PT. Matahari Department Store Tbk, PT. Hero Supermarket Tbk, PT. MAP Active Adiperkasa Tbk, and PT. Erajaya Swasembada Tbk experienced financial distress during the 2019-2021 period. The sample of these four companies was selected using purposive sampling. Data analysis using the Altman Z-score method. It was found that two companies, PT. Hero Supermarket Tbk in 2019 and 2020, with Z-scores of 2.9510 and 2.5147, and PT. Matahari Department Store Tbk in 2020-2021 with Z-scores of 2.1954 and 2.6608 are in the gray area. Between the two companies, PT. Hero Supermarket Tbk is facing financial distress in 2021 with a Z-score of 0.9288. PT. MAP Active Adiperkasa Tbk and PT. Erajaya Swasembada Tbk, is in healthy financial condition, because their Z-score is greater than 2.88. In conclusion, this study is an important financial health analysis conducted for companies operating in the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail industries. The Altman Z-score has proven to be a valuable tool in identifying the risk of financial distress
From Awareness to Action: Decoding the Green Gap in Sustainable Fashion Consumption Using the Information-Motivation-Behavioral Skills Tiara Nur Anisah; Eri Haryanto; Andika; Pooja Nanda; Daniel Wandika
Journal of Theoretical and Applied Management (Jurnal Manajemen Teori dan Terapan) Vol. 19 No. 1 (2026)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v19i1.85259

Abstract

Objective: This study aims to decipher the "attitude-behavior gap" in the sustainable fashion market by adapting the Information-Motivation-Behavioral Skills (IMB) model. It investigates how Sustainable Awareness (Information) and Intrinsic Motivation influence Sustainable Consumption Behavior Intention, with a specific focus on Green Self-Efficacy as the central mediating mechanism. Design/Methods/Approach: A quantitative research design was employed, utilizing primary data collected from 235 consumers via an online survey. The hypothesized relationships within the IMB framework were tested using Partial Least Squares Structural Equation Modeling to ensure robust predictive validity. Findings: The empirical analysis reveals a significant anomaly: Sustainable Awareness does not directly influence purchase intention, confirming that environmental knowledge alone is insufficient to drive action. Conversely, Intrinsic Motivation emerges as a strong direct predictor. Crucially, Green Self-Efficacy functions as a pivotal bridge; it fully mediates the relationship between awareness and intention, and acts as a partial mediator for intrinsic motivation. Originality/Value: This study contributes to the existing literature on sustainable consumer behavior by adapting the IMB model, typically restricted to health psychology, to the context of fashion marketing in an emerging economy. Unlike previous research that relies heavily on the Theory of Planned Behavior, this study demonstrates that bridging the "green gap" requires a capability-based approach, validating that Green Self-Efficacy is the critical mechanism required to translate passive awareness into active purchasing intentions. Practical/Policy implication: Given the results, managers should shift their strategies from simple environmental education to consumer empowerment. Managers are advised to enhance green self-efficacy through transparent labeling and "lifestyle" narratives that simplify decision-making, thereby helping consumers feel competent to translate their intrinsic motivation into actual purchasing behavior. Additionally, policy initiatives should focus on removing pragmatic barriers to support this transition.
Impulse Buying in E-Commerce Livestreaming: A Dual-Process Examination of Flash Sales and Gender Differences Andika; Della Nanda Luthfiana; Nadia; Tiara Nur Anisah
Journal of Theoretical and Applied Management (Jurnal Manajemen Teori dan Terapan) Vol. 19 No. 1 (2026)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v19i1.86819

Abstract

Objective: This study examines how scarcity cues embedded in flash sales in e-commerce livestreaming environments influence impulse buying behavior. Drawing on the Stimulus–Organism–Response (SOR) framework and the Technology Acceptance Model (TAM), the study distinguishes between quantity-based and time-based scarcity and explores how these cues shape consumers' cognitive and emotional responses. The model proposes a sequential process in which perceived usefulness and positive emotions strengthen the urge to buy impulsively, thereby leading to impulse buying behavior. Gender is also examined as a moderator of the structural relationships in the model. Design/Methods/Approach: Data were collected via an online cross-sectional survey of 308 consumers with prior experience purchasing through livestreaming commerce platforms. The model was tested using partial least squares structural equation modeling, including sequential mediation and multigroup analysis. Findings: Both quantity-based and time-based scarcity significantly increase perceived usefulness and positive emotions, with quantity-based scarcity showing stronger effects. Perceived usefulness mediates the relationship between scarcity cues and the urge to buy impulsively, whereas the emotional pathway is significant only for quantity-based scarcity. The urge to buy impulsively emerges as the strongest predictor of impulse buying behavior. Gender differences appear only in the final stage of the process, where the conversion of the urge to buy impulsively into actual purchasing behavior is stronger among female consumers. Originality/Value: This study contributes to impulse-buying research by integrating the SOR framework with the TAM to explain the sequential process linking scarcity cues, cognitive and emotional evaluations, motivational activation, and purchasing behavior in e-commerce livestreaming environments. Practical/Policy implications: The findings suggest that the effectiveness of flash sales in livestream settings depends on reinforcing perceived usefulness before activating urgency cues and ensuring frictionless checkout when consumers’ purchase motivation peaks.
Co-Authors Agus Setiawan Agustina Gabyanti Kleden Akmal Ihsan Allan Frendly Mandala Amara, Raihan Ambar Lukitaningsih Amirullah, Malik Abd Karim Andreas Ronald Setianan Anisa Kusuma Hermatien Anita Ekawati Sardi Antonius Febrian Doni Pratama Arnoldus Arnoldus Banar Ajitama Bestina Lendi Nur Khotimah Bimo Harnaji Boby Prayoga Bryan Mahendra Budi Setyanta Ceria Nur Utami Novania Putri Colorus Pakar Danang Wahyu Prasetyo Danang Wahyudi Danang Wahyudi Daniel Wandika Della Nanda Luthfiana Della Nanda Luthfiana Della Nanda Luthfiana Dhea Fitria Handayani Dhea Sukma Putri Dhiani Irdi, Trissa Dian Budyanti Prasetyaningrum Eden Yudha Permana Ela Deliani Emanuel Gosa Eni Andari Eri Haryanto Erni Ummi Hasanah Essly Saparinda Fauzul Azmi Felisa Candradewi Fikri Budi Aulia Firminus Berkasa Fitri Lestari Fransiskus Alfons Nahak Fredian, Dede Geraldo Yesaya Toatubun Gilang Vitra Sejati Gregorius Arya Puspa Yudha Negara Hak, Rizki Zaenul Handoko Arwi Hasthoro Hangga Catur Prasetyo Harnaji, Bimo Hasibuan, Ale Bemby Hendro Karl Lewier Hilebrodus Alfin Rivaldo Bere I Ketut Mangku I Ketut Mangku Imana Dien Rifata Iqmal Daffany Irawan Subandrio, Erik Januardi Neo Adi Nugroho Jasukron, Dondi Joko Purwanto Nugroho Kambu, Victor Kartinah Kartinah Khasan Besari Kiki Sarnita Klau Seran, Kondradus Laely Nur Azmi Lizza Thania Meder, Villa Lodewik Rananmase Lula Annisa Luthfiana, Della Nanda M. Nafis Aseygaf M. Nurkholis Majid Maiken Des Riu Mangku, I Ketut Melli Agustiani Mochamad Syamsiro Mohamad Najmudin Mohamad Najmudin Monika Sastria Yuliana Ema Muhamad Dedi Yusup Muhamad Dhafid Widodo Muinah Fadhilah Muinah Fadhilah, Muinah Nadia Nadia Nadia Nadia Nadia Nadia Nadia Nadia Nafijai M. Ode Najmudin, Mohamad Nanda Luthfiana, Della Naomi Safira Ekawati NASUTION, ATIKA AINI Nugroho, Joko Purwanto NUR FAIDZIN Nur Prasetya, Arvin Nurwiyanta, Nurwiyanta Odilia Viola Putri Pooja Nanda Pradanang Reza Saputra PUJI LESTARI Purnama, Ari Putri, Wika Harisa R. Nur Budi Setiawan Raden Roro Erlina Erviana Rahadian Agung Fatkhurrozi Rahma Sari, Melniya Raka Juniar Renaldy Rakha Zainda Ratna Sari Rada Reisa Wahyu Fitriana Reza Abdy Prasetyo Reza Maulana Ridwan Ridwan Riyanto, Alex Ronaldus Budi Talino Sakbannudin Sakbannudin Salamah Amara Maharani Salsabiila Salsabiila Samsin Budiman Septian Hakiki Setianan, Andreas Ronald Sindy Soraya Mentari Katiandagho Supriadi Supriadi Syam Hidayat, Ahmad Syofiatun Utami Talabu Karyaman Tuyamaku Buulolo Theresa Ichelle Gardena Thomas Hughie Firnaldo Tiara Nur Anisah Tiara Nur Anisah Tiara Nur Anisah Tiaranty Esperansa Situmorang Titi Laras TN Anisah Umalekhoa, Yotita Utik Bidayati, Utik Wahyudi, A. Rofiqi Waryati, Sri Yuli Widya Ningsih, Aliftianna Wildan Mustahiqul Amri Wiwin Syaputri Ningsih Yessiana Aisyah Yoga Pranata, Tri Yuanidhar, Fazah Yuca HR, Mega Yusa Putra Widyatama Yusrita, Yusrita Zaky Abad Hakim