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Risal Rinofah
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INDONESIA
MANAJEMEN DEWANTARA
ISSN : 25794590     EISSN : 25794612     DOI : -
Core Subject : Economy,
Jurnal Manajemen Dewantara Fakultas Ekonomi Fokus pada hasil penelitian empiris maupun kajian konseptual dan teoritis dalam bidang: Manajemen Keuangan, Manajemen Pemasaran, Manajemen Sumber Daya Manusia, Manajemen Operasi, dan Kewirausahaan.
Arjuna Subject : -
Articles 441 Documents
STUDI KOMPARATIF KINERJA KEUANGAN PT BANK ROYAL INDONESIA DAN PT BANK CENTRAL ASIA (BCA) SEBELUM DAN SESUDAH AKUISISI Jessica Lorita Harijanto; Grecia Jeslyn Ezar; Louis Nichollas Saputra; Reinhart Nathanael Gunawan; Nanik Linawati
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.22467

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This study aims to comparatively analyze the financial performance of PT Bank Royal Indonesia and PT Bank Central Asia before and after the acquisition, which focuses on profitability and asset quality indicators, including ROA, ROE, NIM and NPL of both banks. This study employs a quantitative descriptive comparative method, with secondary data collected from both banks’ official annual reports, covering the pre-acquisition (2017-2019) and post-acquisition (2020-2022) periods.The findings indicate that the acquisition had a mixed impact. PT Bank Digital BCA (formerly PT Bank Royal Indonesia) improved in ROA and NPL, yet ROE and NIM remained volatile due to high transformation costs and the COVID-19 pandemic. Meanwhile, PT Bank Central Asia maintained stable profitability, confirming that the acquisition did not burden the parent company and supported its digital banking strategy.
PERAN MEDIASI PADA PENGARUH JOB INSECURITY DAN LINGKUNGAN KERJA TERHADAP KINERJA KARYAWAN SUWEGER Anita Firdaus; Hesty Prima Rini
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.22979

Abstract

To survive the escalating competition in the food and beverage sector, corporations must maintain optimal employee performance. This research aims to examine the impact of job insecurity also work environment on employee performance with job satisfaction as a mediating variable among Suweger employees. This research applied quantitative techniques with a survey method. Data were collected through questionnaires distributed to all Suweger employees by applying a saturation sampling method. The data were examined through the Partial Least Square (PLS) technique. The findings indicated that job insecurity had a negative impact on job satisfaction also employee performance, while the work environment had a positive impact on job satisfaction also employee performance. Additionally, job satisfaction was able to mediate the impact of job insecurity also work environment on employee performance.
ANALYSIS OF WORK MOTIVATION AND WORK DISCIPLINE THROUGH JOB SATISFACTION AND ITS IMPACT ON EMPLOYEE PERFORMANCE AT RM. TORANI BALIKPAPAN Budi Junaedi; Ginta Ginting; Arthur Sitaniapessy
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23079

Abstract

This study aims to analyze the influence of work motivation and work discipline on employee performance, with job satisfaction serving as a mediating variable, at RM. Torani Balikpapan. The study employs a quantitative approach with an explanatory design. The research population consists of all 89 service staff members at RM. Torani Balikpapan; consequently, a census technique was used, involving the entire population as respondents. Data were collected via a questionnaire using a five-point Likert scale and analyzed using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) method with SmartPLS 4.0 software. The results indicate that work motivation, work discipline, job satisfaction, and employee performance all fall into the high category. Measurement model testing confirms that all indicators meet validity and reliability criteria based on factor loading values, Average Variance Extracted (AVE), Cronbach's Alpha, and Composite Reliability. The structural model also demonstrates a good fit, with a Standardized Root Mean Square Residual (SRMR) value of 0.061; meanwhile, R² values ​​of 0.583 for job satisfaction and 0.634 for employee performance indicate that the model explains the relationships between variables at a moderate-to-strong level. Hypothesis testing confirms that work motivation and work discipline have a positive and significant influence on both job satisfaction and employee performance. Job satisfaction also positively and significantly influences employee performance and is proven to mediate the effects of work motivation and work discipline on performance. These findings suggest that enhancing work motivation and discipline supported by the fostering of job satisfaction will contribute to improved employee performance at RM. Torani Balikpapan.
ANALISIS NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SUBSEKTOR FOOD AND BEVERAGE DI BURSA EFEK INDONESIA PERIODE 2022-2025 Azzahra Putri Herdiyanti; Muhadjir Anwar
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23257

Abstract

This study aims to analyze the effect of dividend policy on firm value, the effect of capital structure on firm value, the role of profitability in moderating the effect of dividend policy on firm value, and the role of profitability in moderating the effect of capital structure on firm value. The sample consisted of 29 Food and Beverage subsector companies listed on the Indonesia Stock Exchange during the 2022-2025 period, resulting in a total of 116 observations selected using purposive sampling. This study employed a quantitative approach using secondary data obtained from the companies’ annual financial reports. Data were analyzed using Moderated Regression Analysis (MRA) with IBM SPSS Statistics 27. The results indicate that dividend policy has a negative and significant effect on firm value, while capital structure has a positive and significant effect on firm value. Profitability moderates the effect of dividend policy on firm value and profitability moderates the effect of capital structure on firm value. These findings suggest that company management should consider profitability when determining dividend policy and capital structure to enhance firm value. In addition, investors may use profitability as an important consideration in making investment decisions.
STREAMLINING MAINTENANCE BUDGET MANAGEMENT THROUGH PROCESS OPTIMIZATION USING VALUE STREAM MAPPING AND BUSINESS INTELLIGENCE: A CASE STUDY IN REFINERY OPERATIONS Hanifah Amani Az Zahra; Anita Safitri; Fauzan Rahman
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23353

Abstract

Efficient maintenance budget management was essential for maintaining operational reliability and supporting timely decision-making in refinery operations. However, conventional processes were often constrained by fragmented data handling, prolonged processing times, and limited real-time visibility, which reduced operational efficiency and delayed strategic decisions. This study aimed to optimize maintenance budget management by integrating Value Stream Mapping with real-time data processing through Business Intelligence tools. The study applied a process improvement case study approach by analyzing the existing workflow, identifying value-added and non-value-added activities, and implementing an integrated system using Microsoft Power BI, SharePoint, and cloud-based data storage. The improved workflow was simplified into four main activities: integrated data, automated processing, dashboard analysis, and automated reporting.The results showed that the total processing time was reduced from 480 minutes to 30 minutes, achieving a 93.75% reduction. In addition, reporting frequency improved from monthly to daily, enabling faster and more responsive decision-making. The findings demonstrated that integrating process optimization and real-time data analytics improved maintenance efficiency, accelerated decision-making, and strengthened refinery operational reliability
PENGARUH RISIKO BISNIS, RISIKO FINANSIAL, DAN RISIKO SISTEMATIS TERHADAP NILAI PERUSAHAAN SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA Nanda Dwi Agus Pertiwi; Tri Kartika Pertiwi
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23403

Abstract

The primary objective of this research is to assess how business, financial, and systematic risks affect the valuation of energy-sector firms listed on the Indonesia Stock Exchange during the 2020–2024 period. A quantitative research design is adopted, with secondary data serving as the main source. Through purposive sampling, 37 companies are selected, representing 185 firm-year observations. The analytical technique applied is multiple linear regression using SPSS 26. The results reveal that business risk (DOL) and financial risk (DER) do not have statistically significant effects on firm value. However, systematic risk (beta) is found to have a significant negative relationship at the α = 10% level. These findings imply that market-related risks are more influential than internal risk factors in shaping investor perceptions within the energy industry.
PERAN AI IMAGE-TO-VIDEO DALAM MENINGKATKAN CONVERSION PRODUK FASHION MELALUI PERCEIVED VALUE DAN PERCEIVED RISK Joel Imanuel; Fitri Yutika
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23453

Abstract

Studi ini bertujuan untuk menganalisis pengaruh konten gambar-ke-video berbasis AI terhadap konversi produk fesyen melalui peran mediasi nilai yang dirasakan dan risiko yang dirasakan. Perkembangan pesat kecerdasan buatan dalam pemasaran media sosial telah mendorong bisnis untuk memanfaatkan konten visual yang dihasilkan AI untuk meningkatkan respons konsumen dan perilaku pembelian. Studi ini meneliti apakah konten gambar-ke-video berbasis AI dapat secara langsung dan tidak langsung memengaruhi konversi produk. Penelitian ini menggunakan pendekatan kuantitatif dengan metode survei. Data dikumpulkan melalui kuesioner daring yang didistribusikan kepada pengguna media sosial yang telah menonton konten promosi gambar-ke-video berbasis AI untuk produk fesyen. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Data dianalisis menggunakan Partial Least Squares Structural Equation Modeling (PLS-SEM) dengan SmartPLS untuk mengevaluasi model pengukuran dan menguji hipotesis yang diajukan. Temuan menunjukkan bahwa konten gambar-ke-video berbasis AI secara signifikan memengaruhi nilai yang dirasakan dan risiko yang dirasakan. Nilai yang dirasakan memiliki efek positif pada konversi produk, sementara risiko yang dirasakan berdampak negatif pada konversi produk. Lebih lanjut, nilai yang dirasakan dan risiko yang dirasakan berfungsi sebagai variabel mediasi dalam hubungan antara konten gambar-ke-video berbasis AI dan konversi produk fesyen. Temuan ini menunjukkan bahwa konten promosi yang dihasilkan AI dapat meningkatkan efektivitas pemasaran dengan meningkatkan nilai yang dirasakan dan mengurangi risiko yang dirasakan di kalangan konsumen.
ANALISIS PENGARUH PRODUCT DAN PRICE TERHADAP LOYALITAS PASIEN MEDICAL CHECK UP MELALUI KUALITAS PELAYANAN SEBAGAI VARIABEL MEDIASI (STUDI PADA PASIEN MEDICAL CHECK UP DI BHINA MIGAS MEDICAL CENTER CEPU BLORA) Primiyanti Candra Kusumawati; Muryati Muryati; Adya Hermawati; Ari Damayanti; Aji Suraji
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23519

Abstract

This study aimed to analyze the influence of product and price on patient loyalty through service quality as a mediating variable in Medical Check-Up (MCU) services at Bhina Migas Medical Center, Cepu, Blora. This research employed a quantitative approach with an explanatory research design. A total of 170 respondents were selected using a purposive sampling technique. Data were collected through questionnaires using a five-point Likert scale and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0 software. The results revealed that product and price had a positive and significant effect on service quality and patient loyalty. Furthermore, service quality had a positive and significant effect on patient loyalty and was proven to mediate the relationship between product and patient loyalty, as well as between price and patient loyalty. The descriptive analysis also indicated that all research variables were categorized as very high. This study concludes that improving product quality, implementing appropriate pricing strategies, and delivering excellent service quality are essential factors in enhancing patient loyalty to Medical Check-Up services. Therefore, Bhina Migas Medical Center is expected to continuously innovate its services and improve service quality to maintain and strengthen patient loyalty.
KEPEMIMPINAN TRANSFORMASIONAL, QUALITY OF WORK LIFE, DAN KINERJA KARYAWAN: PERAN MEDIASI ORGANIZATIONAL CITIZENSHIP BEHAVIOR PADA PERUSAHAAN KELAPA SAWIT DI KABUPATEN MELAWI Ayu Gustia Sari; Armanu Thoyib; Sodik Sodik; Sukamto Sukamto; Rita Hanafie; Adya Hermawati
MANAJEMEN DEWANTARA Vol 10 No 4 (2026): MANAJEMEN DEWANTARA (Online First)
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i4.23520

Abstract

Objective: This study examines the effects of transformational leadership and Quality of Work Life (QWL) on employee performance, with Organizational Citizenship Behavior (OCB) as a mediating variable among employees of palm oil companies in Melawi Regency. The study is motivated by a 15.5% decline in employee performance during 2021–2025. Methods: A quantitative explanatory approach was employed involving 346 permanent employees selected using non-proportional stratified random sampling. Data were collected through Likert-scale questionnaires and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). Novelty: This study integrates transformational leadership and QWL in a single model with OCB as a mediating mechanism within the palm oil industry, addressing inconsistent findings reported in previous studies. Results: Transformational leadership and QWL positively and significantly affect employee performance and OCB. OCB also has a positive effect on employee performance and partially mediates the relationships between transformational leadership, QWL, and employee performance. These findings emphasize the importance of strengthening transformational leadership, improving QWL, and fostering OCB to achieve sustainable employee performance. Conclusion: Strengthening employee performance requires the integration of transformational leadership and Quality of Work Life (QWL) to foster Organizational Citizenship Behavior (OCB). The findings suggest that organizations should prioritize inspirational leadership, employee well-being, fair compensation, and a supportive work environment to encourage extra-role behaviors and achieve sustainable organizational performance.
PENGARUH KOMUNIKASI ORGANISASI DAN MOTIVASI KERJA TERHADAP KEPUASAN KERJA KARYAWAN MARKETING PADA PT. AGRODANA FUTURES SURABAYA Natasya Novela Ananda Putri; Bowo Santoso
MANAJEMEN DEWANTARA Vol 10 No 4 (2026): MANAJEMEN DEWANTARA (Online First)
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i4.23564

Abstract

Objectives: This study examines how organizational communication and work motivation affect marketing employees’ job satisfaction at PT Agrodana Futures Surabaya. Methods: A quantitative study involved all 75 marketing employees through saturated sampling. Five-point Likert questionnaire data were analyzed using PLS-SEM with SmartPLS 4. Research Gap/Novelty: Evidence from futures brokerage firms remains limited, particularly among marketing employees facing performance targets and intensive communication demands. Results: Organizational communication (β = 0.345; t = 3.445; p < 0.001) and work motivation (β = 0.499; t = 5.127; p < 0.001) positively and significantly affected job satisfaction. Together, they explained 58.2% of its variance. Conclusion: The company should strengthen internal communication, supervisory guidance, employee coaching, and development support to improve job satisfaction.