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BALANCE: Economic, Business, Management and Accounting Journal
Published by Universitas Muhammadiyah Surabaya
ISSN : 16939352     EISSN : 2614820X     DOI : -
Core Subject : Economy, Humanities, Science, Social,
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences
BALANCE merupakan jurnal yang diterbitkan oleh Fakultas Ekonomi & Bisnis Universitas Muhammadiyah Surabaya. Jurnal ini menfokuskan pada publikasi hasil penelitian dan artikel ilmiah tentang ekonomi, bisnis, manajemen dan akuntansi.
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Articles 9 Documents
 1 
Search results for , issue "Vol 23 No 1 (2026): Januari" : 9 Documents clear
Improving Police Performance through Human Resource Quality, Motivation, Discipline, and Organizational Culture Eka Apriyanto, Andy; Hafidulloh, Hafidulloh; Haryati, Endri
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.26568

Abstract

The West Surabaya Police Department represents a police organization in an urban area with a high level of task complexity. It exhibits significant variation in personnel performance, with some members still receiving ratings in the "sufficient" or even "poor" categories. The performance of Polri members is a fundamental factor in realizing a professional, effective, and integrity-based law enforcement institution. This study aims to analyze the influence of human resource quality, work motivation, and work discipline on personnel performance, with organizational culture as a mediating variable. The research approach was quantitative, using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 3.0. Data were collected from 70 respondents and analyzed to test validity, reliability, and structural relationships between variables. The results show that human resource quality, motivation, and work discipline have a significant influence on performance, both directly and indirectly through organizational culture. These findings emphasize the urgency of strengthening organizational culture to foster discipline, motivation, and human resource development, thereby improving police institutional performance
Purchase Decisions: The Impact of Quality, Beauty Influencers, and Brand Image Putri, Nursarifah Dahyunita; Abdulah, Budiman
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.26820

Abstract

Make Over is a premium local cosmetic brand widely known for its product quality and frequent collaborations with beauty influencers. Sales of Make Over products still lag behind those of other local brands, such as Wardah. This study aims to provide empirical evidence regarding the influence of product quality, beauty influencers, and brand image on consumer purchasing decisions for Make Over products in the Jakarta area. This study used a quantitative approach, with a small population and a sample of 230 respondents. Data collection was conducted through questionnaires, and the analysis method used was Structural Equation Modeling (SEM-PLS). The results showed that the three independent variables of product quality, beauty influencers, and brand image had a positive effect on purchasing decisions. Brand image had the most significant influence, indicating that a strong, consistent brand perception is crucial in shaping consumer purchasing behavior. The managerial implications of these results are that Make Over needs to ensure product quality remains the main attraction for consumers, select credible beauty influencers who match the characteristics of the target market (those who have used Make Over products and are aged 20-35 years), and strengthen the brand image through consistent visual communication and promotions
Enhancing MSME Performance through Entrepreneurial Orientation and Product Innovation: The Mediating Role of Competitive Advantage Niadi, Wahyu Fatma; Wijayanti, Wijayanti
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.27879

Abstract

The competitiveness and performance of MSMEs remain suboptimal, despite their significant role in the economy. Specifically, this difference arises from the suboptimal implementation of product innovation and entrepreneurial spirit. To address this issue, this study aims to determine the relationships among product innovation, entrepreneurial orientation, and the performance of Micro, Small, and Medium Enterprises (MSMEs), while considering competitive advantage as a mediating factor. An examination of 60 craft MSMEs in Magelang Regency was conducted using SmartPLS 4.0 and Partial Least Squares (PLS) software. The findings indicate that product innovation and an entrepreneurial mindset significantly improve MSME performance, both directly and indirectly through the utilization of competitive advantage. This insight underscores that a stronger entrepreneurial orientation and continuous product innovation can enhance competitive advantage, thereby improving overall performance. This research not only has academic value but also provides valuable suggestions for policymakers and MSME actors
Does Participation in Global Value Chains Promote Economic Growth? Evidence from Malaysia Jawad Jamal , Ameer; Z. Miklif, Huda
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.28241

Abstract

Using qualitative and quantitative analyses of data on GVC membership and Malaysia's GDP from 2000 to 2022, this study examines what GVCs are, their importance to economic growth, and how they influence it. The underlying premise of this study is that GVC membership positively contributes to economic development. Did GVC membership influence Malaysia's economic development during the study period? To answer this question, this study uses the Autoregressive Distributed Lag (ARDL). The industrial sector contributes significantly to both local and foreign value added in exports, and participation in GVCs has a positive impact on Malaysia's economic growth during the study period. The impact of GVC participation on the industrial sector is reciprocal. Furthermore, linking local markets with foreign markets helps provide advanced intermediate raw materials and introduces modern production methods and technologies that enhance the competitiveness and productivity of local firms. GVCs also involve more firms through upstream and downstream linkages because they allow industries to specialize in certain parts of the production process rather than completing the entire process. This makes it easier for new firms to enter the market and be more competitive
Green Industry Business Model Design for Naura Kitchen Business Using the Business Model Canvas Approach Aini Amazone, Nur; Yulianto Umar Rofii
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.28279

Abstract

This study was conducted to design a green industry-based business model for Micro, Small, and Medium Enterprises (MSMEs) using the Business Model Canvas approach for Naura Kitchen. Waste is a significant issue in Bali Province. One of the waste-producing sectors is the home industry. Therefore, it is necessary to implement green practices in the MSME sector to reduce waste. The research method in this study uses a qualitative approach, grounded in the Business Model Canvas. Nine elements map the Naura Kitchen business model based on the green industry. The results of this study yield the concept of nine Business Model Canvas elements: main activities, primary resources, principal partners, distribution channels, customer relationships, customer segments, revenue streams, cost structures, and value propositions. This concept produces an overview of the implementation of the green industry in the Naura Kitchen business. The main activity in this business is the production of ecoprint colors from recycled materials
Entrepreneurial Spirit and Product Innovation in Enhancing Business Success of Snack Food MSMEs: The Role of Business Motivation Yuningsih, Erni; Silaningsih, Endang; Halimatussadiah, Siti
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.28863

Abstract

This analysis examines the influence of entrepreneurial spirit and product innovation on business success driven by entrepreneurial motivation. This research method uses a quantitative approach with a purposive sampling technique involving 40 respondents. This study uses a descriptive and verification approach, with a focus on quantitative data. Data were collected through questionnaires using a non-probability sampling method. The stages of this analysis include descriptive verification, validity and reliability tests, multiple linear regression, and path analysis. Data analysis was conducted using the Statistical Package for the Social Sciences (SPSS) program. The results of the study are: Entrepreneurial spirit and product innovation have a direct and positive influence on entrepreneurial motivation. Entrepreneurial spirit and motivation have a direct, positive impact on business success. Meanwhile, product innovation does not have a direct and positive influence on business success. Entrepreneurial spirit and product innovation indirectly and positively influence business success through entrepreneurial motivation
Understanding Consumer Acceptance of Artificial Intelligence in Mobile Banking through Perceived Ease and Usefulness Winanda, Winanda; Antong, Antong; Goso, Goso
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.29012

Abstract

This study analyses the factors influencing the adoption of Artificial Intelligence (AI) technology in mobile banking services, focusing on user perceptions regarding ease and benefits in Palopo City. Quantitative methods were used, targeting the complete population of mobile banking service users in the region. Purposive sampling allowed the selection of 210 participants. The results showed that perceived ease of use significantly and positively influenced the adoption of AI functions, while perceived usefulness also showed a significant positive influence. Together, these two factors explained 60.5% of the variation in user acceptance, while the remaining 39.5% was explained by factors outside the scope of this study.
Transformation of the Chemical Industry Sector in Indonesia to Enhance Corporate Value Setiawan, Adhar Putra; Sya’ban, Ma’ruf
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.29092

Abstract

This study aims to analyze the transformation of the chemical industry sector in Indonesia in increasing company value. The independent variables include the Debt-to-Equity Ratio (DER) and stock price, with company size as a moderating variable. The study focused on 60 chemical industry companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. The analytical method used was panel data regression. The results of the Chow and Hausman tests indicate that the Random Effect model is more appropriate, whereas the Lagrange Multiplier test supports the Fixed Effect model. The test results show that DER has no significant effect on company value, as measured by Price-to-Book Value (PBV). Meanwhile, stock price and company size have a negative and significant effect on PBV. In addition, company size cannot moderate the effect of DER on PBV, whereas it has been shown to moderate the effect of stock price on PBV. This study provides practical implications for chemical industry companies in increasing company value through effective management of capital structure, stock price movements, and company scale
Predicting Financial Distress through Financial Ratios: The Mediating Effect of Profitability Prayoga, Dimas; Herlinawati, Erna; Herlina, Listri
BALANCE: Economic, Business, Management and Accounting Journal Vol 23 No 1 (2026): Januari
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/blc.v23i1.29206

Abstract

This study examines the determinants of financial distress in construction companies during the period of escalating financial pressures from Q1 2021 to Q2 2025, focusing on the influence of the CR, DAR, and company size on financial distress, with ROA serving as an intervening variable representing profitability. A quantitative approach was applied using panel data from six construction firms publicly traded on the IDX, selected through purposive sampling. Panel data regression is used to test direct effects, and the Sobel method is applied to assess the mediating impact of ROA. The study results indicate that, individually, CR, DAR, and company size have an influence on ROA but are not significant. However, they collectively exhibit a significant impact when tested simultaneously. In the context of financial distress, the empirical results reveal that CR and company size positively and significantly impact financial distress. At the same time, DAR has a significant negative impact, and ROA also shows a positive and meaningful impact. Collectively, CR, DAR, company size, and ROA significantly affect the degree of financial distress. Such outcomes indicate that management must comprehensively monitor liquidity, leverage, firm size, and profitability to anticipate and minimize financial distress risks

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