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Contact Name
IA Cynthia Saisaria Mandasari
Contact Email
info.wmbj@gmail.com
Phone
+6281377774763
Journal Mail Official
info.wmbj@gmail.com
Editorial Address
Fakultas Ekonomi Universitas Warmadewa Jalan Terompong no 24 Denpasar, Bali-Indonesia
Location
Kota denpasar,
Bali
INDONESIA
Warmadewa Management and Business Journal (WMBJ)
Published by Universitas Warmadewa
ISSN : 2654816X     EISSN : 26548151     DOI : https://doi.org/10.22225/wmbj
Core Subject : Economy,
Warmadewa Management And Business Journal (WMBJ), ISSN: 2654-8151 (online) 2654-816X (Print), is a Journal Research of Economiy Science published by Warmadewa Press jointly with Faculty of Economy, Universitas Warmadewa. This journal is also dedicated to provide an intellectual space of scholarly discussion how journal of Economiy especially Management Science able to create the new global formation of Economy especially Management Science and similar issues. This journal has been distributed by Faculty of Economy, Universitas Warmadewa, Universitas Warmadewa started Online from Volume 1Number 1 Year 2018 to present. This journal encompasses original research articles, review articles, and short communications, including: Financial management HR management Marketing management Operational management Tourism management International Business Entrepreneurship
Articles 76 Documents
Pengaruh Struktur Permodalan, Dewan Komisaris Independen, Dan Pengungkapan Kinerja ESG Terhadap Nilai Perusahaan Di Sektor Makanan Dan Minuman Di Bursa Efek Indonesia Utaman, Gede Aditya Putra; Kustina, Ketut Tanti
Warmadewa Management and Business Journal (WMBJ) 32-41
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.32-41

Abstract

This study aims to analyze the influence of capital structure, independent board of commissioners, and environmental, social, and governance performance disclosure on the value of food and beverage companies listed on the Indonesia Stock Exchange during the 2022-2023 period. Capital structure is measured by the Debt to Equity Ratio (DER). The board of independent commissioners is measured by the number of commissioners divided by the independent commissioners. Disclosure of environmental, social, and governance  performance measured by ESG scores. The company's value is proxied using Price to Book Value (PBV). This study uses a quantitative approach with multiple linear regression method to test the relationship between variables. The data used are secondary data obtained from the financial statements  of food and beverage companies  listed on the Indonesia Stock Exchange and ESG disclosure reports for food and beverage listed  on the BGK Foundation. Samples were determined by purposive sampling method. The results of the analysis show that the capital structure has no effect on the value of the company. The independent board of commissioners and the disclosure of ESG performance show a positive and significant influence on the company's value. These findings indicate that the number of independent commissioners and ESG performance disclosures are the main factors that investors consider in assessing a company's performance, while capital structure has a more limited role in determining the value of the company.
Peran Pengetahuan Investasi, Literasi Keuangan Dan Motivasi Investasi Terhadap Minat Mahasiswa Dalam Berinvestasi Di Pasar Modal Pramana, Made Surya; Putra, I Putu Iwan Pramana; Idawati, Ida Ayu Agung
Warmadewa Management and Business Journal (WMBJ) 115-123
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.115-123

Abstract

Investment is a crucial financial instrument for long-term financial planning, especially for students as the younger generation who will face various economic challenges in the future. A lack of understanding and awareness regarding investment can impact student engagement in capital market activities. The purpose of this study was to analyze the influence of investment knowledge, financial literacy, and investment motivation on investment interest in the capital market among students at the Faculty of Economics and Business, Warmadewa University in Denpasar City, Bali Province. The sample consisted of 100 students selected using purposive sampling. Data analysis in this study used multiple linear regression analysis with SPSS version 27. The results showed that investment knowledge, financial literacy, and investment motivation simultaneously had a significant positive effect on students' investment interest in the capital market. Investment knowledge, financial literacy, and investment motivation also partially had a positive and significant effect on students' investment interest in the capital market.
Pengaruh Lingkungan Kerja Dan Gaya Kepemimpinan Terhadap Kinerja Pegawai Melalui Mediasi Kepuasan Kerja Pada Badan Pengelola Keuangan Dan Aset Daerah Kabupaten Karangasem Kristyarini, Ni Putu Novia; Santika, I Putu; Petrus, I Made
Warmadewa Management and Business Journal (WMBJ) 10-20
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.10-20

Abstract

This study aims to analyze the effect of work environment and leadership style on employee performance through job satisfaction as a mediating variable. The research was conducted at the Regional Financial and Asset Management Agency of Karangasem Regency. The population in this study consists of all 81 employees at BPKAD Karangasem. The sampling technique used is a census or saturated sampling method. The data analysis techniques include validity testing, reliability testing, classical assumption tests, and path analysis. The results indicate that: (1) the work environment has a positive and significant effect on job satisfaction; (2) leadership style has a positive and significant effect on job satisfaction; (3) the work environment has a positive and significant effect on employee performance; (4) leadership style has a positive and significant effect on employee performance; (5) job satisfaction has a positive and significant effect on employee performance; (6) job satisfaction mediates the effect of work environment on employee performance; and (7) job satisfaction does not mediate the effect of leadership style on employee performance at BPKAD Karangasem. Based on these findings, it is suggested that BPKAD Karangasem leaders improve the work environment, leadership style, and job satisfaction in order to enhance employee performance
Pengaruh Self-Efficacy, Motivasi, Dan Komitmen Karyawan Terhadap Kinerja Karyawan Di Elizabeth International Hotel And Business School Wati, I Gusti Aju Maitri; Dewi, Luh Komang Candra; Yuni, L. K. Herindiyah Kartika
Warmadewa Management and Business Journal (WMBJ) 52-65
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.52-65

Abstract

This study aims to analyze the influence of self-efficacy, motivation, and employee commitment on employee performance at Elizabeth International Hotel and Business School. The population in this study includes all employees at LPK Elizabeth International Hotel and Business School, totally 85 individuals. The sampling technique used in this research is a census or saturated sampling technique. The data analysis techniques employed include validity testing, reliability testing, classical assumption testing, and multiple regression analysis. The results of the analysis indicate that 1) Self-efficacy has a positive and significant effect on employee performance; 2) Motivation has a positive and significant effect on employee performance; 3) Commitment has a positive effect on employee performance; 4) Self-efficacy, motivation, and employee commitment simultaneously have a significant effect on employee performance at Elizabeth International Hotel and Business School. Based on these findings, it is recommended that the management of Elizabeth International Hotel and Business School enhance self-efficacy, motivation, and employee commitment in efforts to improve employee performance.
Ukuran Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan LQ45 Maharany, Nadhiya; Sudarsi, Sri
Warmadewa Management and Business Journal (WMBJ) 96-114
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.96-114

Abstract

This study aims to examine the effect of firm size and profitability on firm value with capital structure as an intervening variable in LQ45 companies listed on the Indonesia Stock Exchange (IDX) during the 2022– 2024 period. This research employs a quantitative approach using secondary data obtained from companies’ financial statements. The research sample was selected using a purposive sampling method, resulting in companies that met the predetermined criteria during the observation period. The data analysis techniques used include multiple linear regression analysis and path analysis to test both direct and indirect effects among variables. The results indicate that profitability has a positive and significant effect on firm value, while firm size does not have a significant direct effect on firm value. Furthermore, profitability and firm size are proven to have a positive and significant effect on capital structure. Capital structure also has a positive and significant effect on firm value. In addition, the findings reveal that capital structure is able to mediate the effect of profitability and firm size on firm value. These results suggest that optimal capital structure management plays an important role in enhancing firm value, particularly in LQ45 companies.
Transforming Financial Performance In Culinary SMEs: The Impact Of Organizational Culture And CSR On Financing Decisions Mahaputri, Dewa Ayu Inten; Ningsih, Ni Luh Anik Puspa; Sitiari, Ni Wayan
Warmadewa Management and Business Journal (WMBJ) 78-95
Publisher : Fakultas Ekonomi Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/wmbj.6.1.2026.78-95

Abstract

Small and Medium Enterprises (SMEs) play a crucial role in supporting Indonesia’s economy, including in Bali Province, which is widely recognized as a national tourism hub. Among the dominant sectors, culinary SMEs significantly contribute to employment and economic growth. However, these enterprises continue to face challenges in maintaining financial performance due to limited innovation, digitalization, and access to financing. This study aims to examine the influence of organizational culture and Corporate Social Responsibility (CSR) on financing decisions and financial performance among culinary SMEs in Bali, with financing decisions serving as a mediating variable. A quantitative approach was employed using Partial Least Squares (PLS) as the analytical tool. The respondents consisted of 100 owners or managers of culinary SMEs in Bali, selected through a structured questionnaire survey. The findings reveal that organizational culture does not have a significant effect on either financial performance or financing decisions, suggesting that local cultural values, such as jengah, taksu, and menyamabraya, have not yet been effectively translated into financially impactful business strategies. Conversely, CSR demonstrates a positive and significant influence on both financial performance and financing decisions, indicating that social and environmental commitment enhances trust and improves access to funding for SMEs. Furthermore, financing decisions have a positive and significant impact on financial performance, serving as a mediating mechanism in the relationship between CSR and financial performance.