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Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
ISSN : 23029560     EISSN : 25974599     DOI : 10.31959
Core Subject : Economy, Science,
Yth Pengelola Garuda Kami Editor Jurnal maneksi memohon agar nama jurnal kami disesuaikan dengan nama jurnal yang ada di ISSN Brin dari Jurnal Maneksi menjadi Jurnal Maneksi (Management Ekonomi Dan Akuntansi), karena hal ini menjadi masukan ketika kami mengajukan akreditasi jurnal kami. Atas bantuan dan kerjasamanya, kami ucapkan terima kasih Editor
Articles 1,283 Documents
PENGARUH LITERASI KEUANGAN DAN SOCIAL MEDIA EXPOSURE TERHADAP KEPUTUSAN INVESTASI CRYPTOCURRENCY DI INDONESIA DENGAN CONFIDENCE SEBAGAI MEDIASI Aji Kurniawan; Agus Prayitno; Dwi Eko Waluyo; Suhita Whini Setyahuni
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.3995

Abstract

Introduction: This study aims to explore the effect of financial literacy and social media exposure on cryptocurrency investment decisions among Generation Z in Indonesia, with confidence serving as a mediating variable.Methods: This research applies a quantitative approach with an explanatory design. Data were collected via online questionnaires from 121 Generation Z respondents in Indonesia who have experience or interest in cryptocurrency investments, selected using purposive sampling. The data were then analyzed through Structural Equation Modeling based on Partial Least Squares (PLS-SEM) using SmartPLS software.Results: The statistical results indicate that both financial literacy and social media exposure have a positive and significant direct effect on cryptocurrency investment decisions. Furthermore, both independent variables significantly influence the formation of investors' confidence. In terms of mediation, confidence is proven to have a positive and significant effect on investment decisions and acts as a significant partial mediator in bridging financial literacy and social media exposure toward cryptocurrency investment decisions.Conclusion and suggestion: These findings suggest that investment choices in digital assets are shaped by an interaction of cognitive capacity, digital information environments, and psychological mechanisms as outlined in Behavioral Finance Theory. Future research is suggested to expand the respondent scope and incorporate other behavioral biases such as herding behavior or fear of missing out (FOMO). Keywords: Confidence, Financial Literacy, Investment Decision, Social Media Exposure, Generation Z
PENGARUH FINANCIAL SLACK, FREE CASH FLOW, DAN FIRM SIZE TERHADAP CSR EXPENDITURE DENGAN LEVERAGE SEBAGAI MODERASI : (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI PERIODE 2021-2025) Irma Lusiana; Dien Noviany Rahmatika; Teguh Budi Raharjo
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4007

Abstract

Introduction: CSR Expenditure is a concrete indicator of acompany‘s commitment to social responsibility, yet the extent of such expenditure remains shaped by internal financial conditions that have received limited empirical attention in Indonesia's food and beverage manufacturing sector. This study examines the effect of Financial Slack, Free Cash Flow, and Firm Size on CSR Expenditure, and the moderating role of Leverage.Methods: “A descriptive quantitative approach was applied using secondary data from annual reports and sustainability reports of food and beverage manufacturing companies listed on the Indonesia Stock Exchange for the 2021-2025 period. Through purposive sampling, 43 companies met the criteria and were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) after classical assumption testing with SPSS version 22” Results: “The results indicate that financial slack has a negative but insignificant effect, while free cash flow has a positive but insignificant effect on CSR expenditure. In contrast, firm size has a positive and significant effect on CSR expenditure. Leverage is found to strengthen the negative effect of financial slack, does not moderate the effect of free cash flow, and weakens the positive effect of firm size on CSR expenditure. These findings provide important insights that CSR allocation decisions in food and beverage manufacturing companies are more strongly determined by firm scale and capital structure than by the availability of short-term financial resources alone.” Keywords: CSR Expenditure, Financial Slack, Firm Size, Free Cash Flow, Leverage
INVESTING IN TRANSPARENCY: HOW CAPITAL INVESTMENT, ENVIRONMENTAL SPENDING, AND MEDIA ATTENTION DRIVE CARBON EMISSION DISCLOSURE Prasetyo Tyas Pradana; Nanik Sri Utaminingsih
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4014

Abstract

Introduction: This study examines the effects of profitability, capital expenditure, and environmental costs on carbon emissions disclosure (CED) among companies in Indonesia's basic materials, energy, and industrial sectors from 2019 to 2023. Media exposure is introduced as a moderating variable to explore its role in strengthening these relationships. Guided by stakeholder theory, this research addresses gaps in prior studies by investigating underexplored determinants, particularly environmental cost, and contextualizing their relevance within the Indonesian market.Methods: The study employs a quantitative approach, analyzing secondary data from the annual and sustainability reports of 27 companies. The hypotheses were tested using panel data regression and Moderated Regression Analysis (MRA).Results: The findings reveal that profitability, capital expenditure, and environmental cost have a positive and significant effect on carbon emission disclosure. Furthermore, media exposure significantly strengthens these relationships by increasing public scrutiny and encouraging greater corporate transparency.Conclusion and Suggestion: The study concludes that both internal financial factors and external stakeholder pressure contribute to improving carbon emission disclosure practices among Indonesian companies. Therefore, companies are encouraged to strengthen environmental reporting and transparency to support sustainable business practices and meet stakeholder expectations. Keywords: Capital Expenditure; Carbon Emission Disclosure; Environmental Cost; Media Exposure; Profitability.
PENGARUH SOCIAL MEDIA MARKETING TERHADAP KEPUTUSAN PEMBELIAN MELALUI MINAT BELI SEBAGAI VARIABEL INTERVENING PADA FUJIKO RAMEN SUKABUMI Syahira Adri Septina Khoerunisa; Yulianingsih Yulianingsih; Chandra Ayu Pramestidewi
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4017

Abstract

Introduction: The intensifying competition in the food and beverage industry has compelled businesses to adopt effective digital marketing strategies to strengthen their market position and influence consumer purchasing behavior. Among these strategies, social media marketing has emerged as a communication tool that increases product awareness, stimulates purchase intention, and ultimately shapes purchasing decisions. Accordingly, this study investigates the effect of social media marketing on purchasing decisions, while examining the mediating role of purchase intention among customers of Fujiko Ramen Sukabumi.Methods: This study employed a quantitative research design using descriptive and explanatory approaches. Data were collected through structured questionnaires administered to 100 customers of Fujiko Ramen Sukabumi selected using purposive sampling. The proposed relationships among variables were analyzed using path analysis with SPSS version 26, whereas the mediating effect of purchase intention was assessed through the Sobel test.Results: The findings indicate that social media marketing has a positive and significant effect on both purchase intention and purchasing decisions. Furthermore, purchase intention positively influences purchasing decisions and serves as a significant mediating variable in the relationship between social media marketing and purchasing decisions. Conclusions: This study concludes that social media marketing plays an important role in encouraging customers' purchase intention and influencing their purchasing decisions. The findings also highlight the mediating role of purchase intention, suggesting that businesses should optimize their social media marketing strategies to strengthen consumers' purchase intention and improve purchasing decisions. Keywords: Food and Beverage Industry; Fujiko Ramen; Purchase Intention; Purchasing Decision; Social Media Marketing
PENGARUH MEDIA SOSIAL DAN WORD OF MOUTH TERHADAP LOYALITAS PELANGGAN MELALUI KEPUASAN PELANGGAN SEBAGAI VARIABEL INTERVENING PADA KAFE GUNUNG WALAT Rian Permana; Yulianingsih Yulianingsih; Awa Awa
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4018

Abstract

Introduction: This study aimed to examine the effects of social media and word of mouth on customer loyalty, with customer satisfaction serving as a mediating variable, at Kafe Gunung Walat.Methods: This study employed a quantitative approach using a descriptive and verificative research design. The sample consisted of 100 customers of Kafe Gunung Walat selected through an accidental sampling technique. Data were collected using a structured questionnaire and analyzed with IBM SPSS Statistics version 25. The analytical procedures included validity and reliability tests, classical assumption tests, path analysis, hypothesis testing, coefficient of determination analysis, and the Sobel test to examine the mediating effect of customer satisfaction.Results: The findings revealed that social media and word of mouth had a positive and significant effect on customer satisfaction. In addition, social media, word of mouth, and customer satisfaction positively and significantly influenced customer loyalty. Customer satisfaction was also found to mediate the relationship between social media and customer loyalty, as well as between word of mouth and customer loyalty. These findings indicate that effective social media utilization and positive word of mouth communication contribute to higher customer satisfaction, which subsequently strengthens customer loyalty toward Kafe Gunung Walat. Keywords: customer loyalty; customer satisfaction; social media; word of mouth.
PENGARUH KECUKUPAN MODAL, KREDIT BERMASALAH, DAN RISIKO PASAR TERHADAP PROFITABILITAS Nikmatul Choiriyah; Hestin Sri Widiawati; Puji Astuti
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4029

Abstract

Introduction: The purpose of this research is to analyze how the Capital Adequacy Ratio (CAR), Non-Performing Loans (NPL), and Net Interest Margin (NIM) impact profitability, indicated by Return on Assets (ROA), specifically within Rural Banks (Bank Perekonomian Rakyat/BPR) located in the Kediri area.Methods: This study used a quantitative approach, relying on secondary data from the 2025 financial reports of Rural Banks released by the Financial Services Authority (Otoritas Jasa Keuangan/OJK). The sample was selected using purposive sampling, resultg of 72 observations that met the specified criteria. The data were analyzed using multiple linear regression in the Statistical Package for the Social Sciences (SPSS) version 25. Before hypothesis testing, we evaluated classical assumptions, including normality, multicollinearity, heteroscedasticity, and autocorrelation, to validate the regression model.Results: The findings show that both the Capital Adequacy Ratio (CAR) and Net Interest Margin (NIM) have a positive and statistically significant impact on profitability. At the same time, Non-Performing Loans (NPL) demonstrate a negative and statistically significant effect on profitability. Collectively, CAR, NPL, and NIM significantly affect the profitability of rural banks in the Kediri region.Conclusion and Suggestion: The results indicate that the levels of capital adequacy, the quality of credit, and the capacity to earn net interest income are important determinants of the profitability of Rural Banks. Future studies should include more financial and macroeconomic factors and lengthen the observation timeframe to achieve more robust results. Keywords: Capital Adequacy Ratio; Non-Performing Loan; Net Interest Margin; Profitability; Rural Banks.
PENERAPAN PSAK SYARIAH DAN KOMPETENSI AKUNTAN SYARIAH TERHADAP KUALITAS LAPORAN KEUANGAN LEMBAGA KEUANGAN SYARIAH DI INDONESIA Aditya Achmad Fathony; Iseu Anggraeni; Dani Rachman; Ayu Patmawati
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4031

Abstract

Introduction: The rapid growth of the global Islamic finance industry, which reached US$5.98 trillion in 2024, and Indonesia's Islamic finance industry, which recorded assets of IDR 2,972.94 trillion as of June 2025, has increased the need for effective implementation of Sharia Financial Accounting Standards (PSAK Syariah) and competent sharia accountants to ensure that financial reports remain relevant, reliable, and comparable. This study examines the effect of PSAK Syariah implementation on financial reporting quality, both directly and through sharia accountant competence as a mediating variable, grounded in Human Capital Theory.Methods: This study employs a quantitative approach with an explanatory, cross-sectional design. Primary data were collected through a 1–5 Likert-scale questionnaire administered to accountants and finance staff at Islamic financial institutions in Indonesia, selected using purposive sampling, and analyzed using multiple linear regression and the Sobel Test.Results: Multiple regression analysis shows that PSAK Syariah implementation has a positive and significant effect on sharia accountant competence (t = 269.29; p = 0.000), and sharia accountant competence has a positive and significant effect on financial reporting quality (t = 17.934; p = 0.000). However, PSAK Syariah implementation does not have a significant direct effect on financial reporting quality (t = -1.927; p = 0.059 > 0.05). The Sobel Test result indicates a significant indirect effect (t = 17.97; p = 0.000), confirming that sharia accountant competence fully mediates the relationship between PSAK Syariah implementation and financial reporting quality.Conclusion: PSAK Syariah implementation does not automatically improve the financial reporting quality of Islamic financial institutions unless accompanied by improved sharia accountant competence as the key bridging factor. This study underscores the importance of strengthening continuous education, training, and certification for sharia accountants so that the implementation of sharia accounting standards genuinely translates into financial reporting quality that is transparent, reliable, and sharia-compliant. Keywords: Financial Reporting Quality; Financial Institutions; Human Capital Theory; Islamic Financial Institutions; PSAK Syariah; Sharia Accountant Competence
THE INFLUENCE OF PERCEIVED SUPERVISOR SUPPORT AND EMPLOYEE ENGAGEMENT ON EMPLOYEE PERFORMANCE: (THE MEDIATING ROLE OF JOB SATISFACTION AT PT XYZ) Salsabila Azzahro; Asep Gunawan; Risdianto Risdianto
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4034

Abstract

Introduction: Employee performance has become an urgent concern for textile manufacturers in Indonesia as competitive pressures intensify, with this concern centred on three interrelated factors: how supervisors are perceived to support staff, how engaged employees feel, and how satisfied they are with their jobs. However, the psychological chain linking these factors has not received adequate empirical attention—particularly the role of job satisfaction as a bridge between them.Methods: A quantitative approach was adopted, utilising survey responses from 278 employees at PT XYZ who had a minimum of two years of service and were chosen purposively from a total workforce of 1,202. The study employed Partial Least Squares Structural Equation Modelling (PLS-SEM) to evaluate the proposed conceptual framework.Result: When supervisor support and employee engagement are present together, there is a notable rise in job satisfaction. This heightened satisfaction is the main pathway through which supervisor support and engagement enhance employee performance. Findings from this study confirm that all three variables—supervisor support, engagement, and satisfaction—exert a meaningful and substantial influence on how well employees perform in their roles.Concluding remarks and recommendations: The findings suggest that increasing supervisor support, fostering greater employee engagement, and improving job satisfaction are key strategies for boosting employee performance. Future studies are encouraged to examine additional organisational and psychological factors or use longitudinal research designs to gain deeper insights into employee performance, particularly in labour-intensive industries. Keywords: Employee engagement, Employee performance, Job satisfaction, Perceived supervisor support, PLS-SEM
PENGARUH RETURN ON ASSET (ROA), DEBT TO EQUITY RATIO (DER) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR BASIC MATERIALS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2021–2025 Thalia Putri Prihabsari; Almira Santi Samasta; Maria Safitri; Rudi Kurniawan
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4036

Abstract

Introduction: This study aims to examine the role of Return on Assets (ROA), Debt to Equity Ratio (DER), and Earnings per Share (EPS) in explaining stock price movements of Basic Materials companies listed on the Indonesia Stock Exchange over the 2021-2025 period. Stock prices reflect investors' responses to a company's financial performance, which is assessed based on information disclosed in annual financial reports. Previous studies have reported inconsistent findings regarding the effects of ROA, DER, and EPS on stock prices, indicating the need for further investigation.Methods: This study employed a quantitative research approach using secondary data obtained from annual financial statements and annual closing stock prices. The sample consisted of 75 companies selected through purposive sampling, resulting in 375 balanced panel observations. Panel data regression analysis was conducted using the Fixed Effect Model (FEM), which was selected based on the Chow and Hausman tests. To address heteroscedasticity, the estimation was performed using the Period Seemingly Unrelated Regression (SUR) method.Results: The results indicate that ROA and EPS have a positive and significant effect on stock prices, whereas DER has no significant effect. Simultaneously, ROA, DER, and EPS significantly influence stock prices. The model explains approximately 77% of the variation in the stock prices of Basic Materials companies.Conclusion and suggestion: This study demonstrates that profitability information carries greater weight than leverage in explaining investors' responses to Basic Materials companies. Strengthening asset productivity and maintaining sustainable earnings may therefore contribute to higher investor confidence and firm value. Expanding future analyses to include broader industry coverage, longer time horizons, and additional firm-specific and macroeconomic factors would improve the generalizability of the results. Keywords: ROA, DER, EPS, Stock Price, Basic Materials Sector
DAMPAK FINANCIAL TECHNOLOGY, LITERASI KEUANGAN DAN FEAR OF MISSING OUT (FOMO) TERHADAP MINAT INVESTASI: PERAN KEMUDAHAN PENGGUNAAN SEBAGAI VARIABEL MODERASI M Ainun Naim; Fakhmi Zakaria; Ariati Anomsari; Diana Puspitasari
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4042

Abstract

Introduction: The rapid development of digital transformation in the financial sector, known as financial technology, has provided broader access to financial services. Generation Z, as a generation that has grown up with digital technology, is highly susceptible to trends and psychological phenomena such as Fear of Missing Out (FOMO). In Semarang City, this trend is accompanied by an increase in the number of first-time investors; however, many novice investors still make investment decisions without adequate understanding due to limited financial literacy. Therefore, understanding the psychological and behavioral factors that influence investment interest among Generation Z, as well as the role of ease of use in these relationships, is essential.Methods: This study employed a quantitative approach with an explanatory research design. Data were collected through a survey of 120 Generation Z respondents residing in Semarang City who were interested in investing. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the assistance of SmartPLS software to test the hypotheses and evaluate the validity and reliability of the research model, including the role of ease of use as a moderating variable.Results: The results show that financial technology, financial literacy, and FOMO have a positive and significant influence on investment interest among Generation Z in Semarang City. Financial technology facilitates access to and improves the efficiency of investment activities, financial literacy supports wiser investment decision-making, while FOMO encourages investment interest due to the desire to keep up with investment trends. Furthermore, ease of use positively moderates the effects of financial technology, financial literacy, and FOMO on investment interest. These findings highlight the importance of accessible digital platforms and financial knowledge in increasing investment interest among Generation Z.Keywords: Financial Technology; Financial Literacy; Fear of Missing Out; Ease of Use; Investment Interest.

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