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All Journal eCo-Buss Ilomata International Journal of Management Studi Ilmu Manajemen dan Organisasi International Journal of Applied Finance and Business Studies JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Journal of Educational Management Research Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Jurnal Ekonomi, Manajemen, Akuntansi PESHUM JIMEK
Arman Jaya
Department Of Management, Universitas Tanjungpura, Jl. Profesor Dokter H. Hadari Nawawi, Bansir Laut, Kec. Pontianak Tenggara, Pontianak, 78124, Pontianak, Indonesia
Agriculture, Biological Sciences & Forestry Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences

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Does corporate social responsibility moderate financial performance and firm size on firm value? Nathania Lauren; Ilzar Daud; Helma Malini; Giriati Giriati; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.164

Abstract

The global socio-economic crisis has prompted businesses and stakeholders to consider sustainable development initiatives. Protecting firm value through sustainability initiatives was critical to help firms survive the crisis. This study aimed to investigate the moderating effect of Corporate Social Responsibility (CSR) on the relationship between financial ratios, firm size, and firm value during the post-pandemic era, as this period was the best time to fix the firm’s management strategy. The research focused on manufacturing firms that are publicly traded on the IDX from 2021 to 2022. This research employed a purposive sampling method, resulting in a sample size of 38 firms. This analysis technique employed the Multiple Linear Regression. The findings showed that profitability impacts firm value while liquidity, firm size, and CSR insignificantly affect firm value. CSR, as a moderation reduced the impact of profitability on firm value; however, it does not moderate the effects of firm liquidity and firm size on firm value. During the post-pandemic period, various business sectors are navigating economic challenges by implementing strategies to boost sales and strengthen stock values. Therefore, many businesses deprioritize sustainable development because it might increase costs, reducing profits and firm value
Does dividend policy mediate liquidity and profitability on firm value ? Mariana Oktasia; Wendy Wendy; Anwar Azazi; Yulyanti Fahruna; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.182

Abstract

This research aims to analyze the effect of liquidity and profitability on firm value mediated by dividend policy. This research employs the panel data regression analysis method by employing Eviews 12. This research analyzes 19 companies on the LQ45 index during 2018-2022, which were selected using a non-probability purposive sampling method. The data source in this research is secondary data obtained through the Indonesia Stock Exchange (IDX) website and several company websites selected as samples for this research. The findings of this research indicate that liquidity (CR) doesn't have any influence on dividend policy (DPR), profitability (ROE) has a negative effect on dividend policy (DPR), liquidity (CR) and profitability (ROE) have a positive impact on firm value (PBV). However, dividend policy (DPR) doesn't influence firm value (PBV). In addition, the findings of this research also indicate that dividend policy (DPR) can not be a mediator in the interaction between profitability (ROE) and liquidity (CR) with firm value (PBV).
Pengaruh Entrepreneurial Orientation dan Market Orientation Terhadap Marketing Performance Pada UMKM di Indonesia Galang Setiadi; Bintoro Bagus Purmono; Arman Jaya; Nur Afifah; Harry Setiawan
eCo-Buss Vol. 8 No. 1 (2025): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v8i1.2607

Abstract

Studi ini menganalisis bagaimana orientasi kewirausahaan dan orientasi pasar berkontribusi terhadap kemampuan pemasaran dan kinerja pemasaran UMKM yang beroperasi di Indonesia. Fenomena yang melatarbelakangi penelitian ini adalah jumlah UMKM di Indonesia sangat besar dibandingkan dengan negara tetangga seperti Thailand dan Malaysia. Hal ini menunjukkan UMKM menyumbang sebagian besar PDB Indonesia. UMKM juga menghadapi berbagai tantangan khas dalam hal inovasi, daya saing, dan pendekatan pemasarannya. Sampel pada penelitian ini berjumlah 258 responden dengan purposive sampling. Data dianalisis dengan menggunakan SmartPLS versi 4 dengan metode PLS-SEM. Hasil penelitian menunjukkan bahwa baik Entrepreneurial Orientation maupun Market Orientation memiliki pengaruh positif dan signifikan terhadap Marketing Capabilities dan Marketing Performance. Selain itu, Marketing Capabilities terbukti secara signifikan memediasi hubungan antara kedua variabel independen tersebut terhadap Marketing Performance. Temuan ini menegaskan bahwa kemampuan UMKM dalam berinovasi, mengambil risiko, memahami pasar, serta membangun strategi pemasaran yang adaptif menjadi kunci dalam meningkatkan kinerja mereka. Secara teoritis, penelitian ini memperkuat perspektif Resource-Based View dan Dynamic Capabilities, sementara secara praktis memberikan rekomendasi bagi pelaku UMKM dan pembuat kebijakan untuk meningkatkan kapabilitas pemasaran melalui penguatan orientasi kewirausahaan dan orientasi pasar. Dengan demikian, UMKM dapat lebih siap bersaing dan berkembang dalam era ekonomi digital.
Peran Quiet Cracking dalam Memediasi Burnout dan Job Insecurity Terhadap Turnover Intention: Studi pada Karyawan Retail Moderen Widia Sapitri; Erna Listiana; Ilzar Daud; Rizky Fauzan; Arman Jaya
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11820

Abstract

High turnover intention is a major challenge in the modern retail sector, characterized by high work demands and employee psychological stress. Although job insecurity and burnout have been widely studied as factors influencing employee turnover intention, the psychological mechanisms that bridge this relationship are still relatively limited, particularly in the context of the Indonesian retail industry. This study aims to analyze the influence of job insecurity and burnout on turnover intention, with quiet cracking as a mediating variable. The study used a quantitative approach with a causal associative design. Data were collected through an online questionnaire from 150 Indomaret employees in Ketapang Regency and analyzed using Structural Equation Modeling–Partial Least Squares (PLS-SEM). The results showed that job insecurity and burnout had a positive and significant effect on quiet cracking and turnover intention. Furthermore, quiet cracking was shown to partially mediate the relationship between job insecurity, burnout, and turnover intention. These findings suggest that employee turnover intention is formed through a gradual psychological process that begins with work pressure, progresses to disengagement, and finally gives rise to a tendency to leave the organization. This study contributes to the human resource management literature by positioning quiet cracking as a psychological mechanism that bridges the relationship between work stress and employee turnover intention in the context of the modern retail sector.
Commitment Battles Gen Z Turnover: Fueled by Development and Satisfaction to Stay Delvia Putri Aspasya; Ikram Yakin; Arman Jaya; Titik Rosnani; Hasanudin Hasanudin
Studi Ilmu Manajemen dan Organisasi Vol 6 No 4 (2026): Januari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v6i4.4857

Abstract

Purpose: This study aims to provide growing body organizations develop effective retention strategies for Gen Z workers by identifying key drivers of turnover intentions in Indonesia. Methodology/approach: A quantitative approach was adopted, collecting data from 246 Gen Z employees via an online Google Forms questionnaire. Purposive sampling was used to target relevant respondents. Data were analyzed using SmartPLS 4 to assess the validity, significance, and explanatory power of both measurement and structural models. Results/findings: Employee commitment emerged as the strongest predictor of reduced turnover intention. Career development and job satisfaction positively influenced commitment, while job satisfaction also directly reduced turnover. The model explained 75.8% of the variance in turnover intention, demonstrating strong reliability and predictive power. Conclusions: Retention of Gen Z employees is driven by commitment fostered through career development, job satisfaction, fair treatment, meaningful work, and work-life balance highlighting the need for supportive, inclusive, and empowering work environments. Limitations: Findings are limited by the focus on Indonesian Gen Z employees, which may affect generalizability, and the cross-sectional design, which restricts causal inferences over time. Contribution: The study bridges theory and practice by confirming the mediating role of commitment in retention, offering HR professionals actionable strategies to retain Gen Z talent in developing economies.
What Drives Gen Z to Apply? an Exploration of Work Expectations, Social Media Use, and Organizational Attractiveness in Indonesia Adhelia Juwita Chairunnisa; Arman Jaya; Ana Fitriana; Titik Rosnani; Yuliyanti Fahruna
Journal of Educational Management Research Vol. 5 No. 3 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i3.2140

Abstract

This study aims to examine the influence of work expectations on intention to apply among Generation Z in Indonesia, with a particular focus on the mediating roles of social media use and organizational attractiveness in the context of digital recruitment. A quantitative explanatory approach was employed using a cross-sectional survey of 231 Generation Z individuals preparing to enter the labor market, and the data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The findings reveal that work expectations do not have a direct effect on intention to apply; however, they significantly influence both social media use and organizational attractiveness. Furthermore, social media use has a significant positive effect on intention to apply, whereas organizational attractiveness does not show a significant influence. Mediation analysis indicates that social media use fully mediates the relationship between work expectations and intention to apply, while organizational attractiveness does not act as a mediator. These results imply that social media serves as a critical mechanism in translating job seekers’ expectations into application intentions, highlighting the importance for organizations to optimize digital recruitment strategies through interactive, informative, and engaging social media content to effectively attract Generation Z talent.
HOW DIGITAL SKILLS AND TECHNOLOGY ADAPTATION SHAPE FEMALE GRADUATES' CAREER READINESS IN INDUSTRY 4.0? Nadia Akhasha; Ahmad Shalahuddin; Arman Jaya; Nurul Komari; Mazayatul Mufrihah
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 10 No 1 (2026): Edisi Januari - April 2026
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v10i1.7419

Abstract

This study examines the effects of digital skills, technology adaptation, and ICT anxiety on the digital career readiness of female fresh graduates in Indonesia, with problem-solving skills as a mediating variable. Using a quantitative cross-sectional survey, data were collected from 205 respondents through an online questionnaire and analyzed with PLS-SEM using SmartPLS 4. The findings show that digital skills and technology adaptation positively and significantly influence problem-solving skills, while ICT anxiety has a significant negative effect. Problem-solving skills significantly enhance digital communication, collaboration, creativity, and production. Digital skills and technology adaptation also directly improve digital collaboration and creative output, whereas ICT anxiety has no significant direct effect on these outcomes. Mediation analysis indicates that problem-solving skills partially mediate the effects of digital skills and technology adaptation on digital performance, but not ICT anxiety. Overall, the results emphasize the importance of strengthening digital competencies, adaptive technology use, and problem-solving skills to enhance female graduates’ career readiness in the Industry 4.0 labor market.
How Do Social Support and Transfer Motivation Drive Training Effectiveness among Workers with Disabilities in Indonesia? Kania Salsabila; Ahmad Shalahuddin; Arman Jaya; Nurul Komari; Mazayatul Mufrihah
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 3: Maret 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i3.15675

Abstract

Training programs for workers with disabilities are widely promoted to enhance labor market inclusion; however, empirical evidence explaining the mechanisms underlying training effectiveness remains limited, particularly in developing contexts such as Indonesia. This study examines how social support and training transfer motivation influence training effectiveness by integrating the Unified Model of Task-Specific Motivation and the Capability Approach. A quantitative cross-sectional survey was conducted among 106 Indonesian workers with disabilities who had participated in at least one formal training program. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to assess direct, indirect, and moderating effects. The results indicate that social support does not directly influence training effectiveness but significantly enhances training transfer motivation, which in turn positively affects training effectiveness and fully mediates the relationship. Transfer design does not significantly moderate the proposed relationships. These findings suggest that training effectiveness among workers with disabilities is primarily driven by motivational mechanisms that transform contextual support into sustained work application. The study contributes to disability-inclusive HRM literature by highlighting transfer motivation as a central explanatory mechanism for effective training outcomes.
How Do Islamic Job Satisfaction, Organizational Commitment, and Islamic Work Ethic Influence Intention to Leave in Islamic-Based Companies? Mini Arni; Muhammad Irfani Hendri; Arman Jaya; Nurul Komari; Mazayatul Mufrihah
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 3: Maret 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i3.15771

Abstract

Employee retention remains a critical challenge for Islamic-based organizations, where value congruence and ethical climate strongly influence employee attitudes. Drawing on Social Exchange Theory, this study aims to examine the effect of Islamic Job Satisfaction on Intention to Leave, with Organizational Commitment as a mediator and Islamic Work Ethic as a moderator. A quantitative explanatory survey was conducted among 165 employees in Islamic-based organizations in Indonesia, and data were analyzed using Partial Least Squares Structural Equation Modeling (PLSc) in SmartPLS 4. The results indicate that Islamic Job Satisfaction significantly reduces Intention to Leave both directly and indirectly through Organizational Commitment. Organizational Commitment also shows a strong negative effect on Intention to Leave. Furthermore, Islamic Work Ethic moderates the relationships between Islamic Job Satisfaction and Organizational Commitment and between Organizational Commitment and Intention to Leave by weakening these effects. These findings highlight the crucial role of spiritual and ethical values as internal regulatory mechanisms that strengthen employee retention and provide important managerial implications for sustaining workforce stability in Islamic-based organizations.
Inclusive Communication Model: Phenomenological Workplace Experiences of Deaf Workers in Pontianak Dimas Saputra; Titik Rosnani; Arman Jaya; Yulyanti Fahruna; Dody Pratama Marumpe
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 4: Mei 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i4.16494

Abstract

The findings reveal an "Adaptive Total Communication" ecosystem integrating BISINDO and visual cues. A key discovery is "Inverse Integration," where hearing workers voluntarily adopt silence protocols to align with deaf visual norms. However, full inclusion is still hindered by linguistic dissonance and the impracticality of digital tools in high-pressure settings. Theoretically, this study extends Co-Cultural Theory by showing communicative adaptation shifting from the marginalized to the majority. Practically, it proposes a "Community-Based Adaptive System" prioritizing human infrastructure such as mentors and low-cost physical modifications like light signals. These results provide a strategic roadmap for micro-enterprises to foster independent, inclusive environments without relying on expensive technology, ensuring sustainable accessibility in dynamic work settings.
Co-Authors Adhelia Juwita Chairunnisa Agata Yuspita Ahmad Shalahuddin Ahmad Shalahuddin Ana Fitriana Anwar Azazi Barkah Barkah Bintoro Bagus Purmono Delvia Putri Aspasya Diah Febriyani Dimas Saputra Dody Pratama Marumpe Dody Pratama Marumpe Erna Listiana Fauzan, Rizky Galang Setiadi Giriati Giriati Gita Rizky Ananda Putri Harry Setiawan Hasanudin Hasanudin Hasanudin Hasanudin Hassanudin Hassanudin Helma Malini Helma Malini Heriyadi Ikram Yakin Ikram Yakin Ilzar Daud Ilzar Daud Juniwati Kania Salsabila M. Irfani Hendri Mariana Oktasia Maulana Radiyan Rifki Mazayatul Mufrihah Mazayatul Mufrihah B11212091 Michael Victorio Mini Arni Muhammad Arrazi Bagaswara Nadia Akhasha Nathania Lauren Nur Afifah Nurlia Eka Damayanti Nurul Komari Nurul Komari Rizani Ramadhan Rizky Fauzan Shemma Anggia Romanisti Syahbandi Titik Rosnani Titik Rosnani Titik Rosnani Wendy Wenny Pebrianti Widia Sapitri Yuliyanti Fahruna Yulyanti Fahruna Yulyanti Fahruna Yulyanti Fahruna Zuliandra Adelia Putri