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Jurnal Wacana Ekonomi
Published by Universitas Garut
ISSN : 14125897     EISSN : 2715517X     DOI : -
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Jurnal Wacana Ekonomi mengupas dan mendesiminasikan informasi ilmiah/ pengetahuan yang berkaitan dengan ilmu ekonomi sebagai ilmu yang mempelajari perilaku manusia dalam memilih dan menciptakan kemakmuran. Jurnal Wacana Ekonomi merupakan media komunikasi ilmiah dalam pengembangan dan penyebarluasan ilmu yang merupakan hasil-hasil penelitian, kajian, analisis, dan gagasan ilmiah dalam bidang ilmu ekonomi, akuntansi, manajemen, dan bisnis.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 264 Documents
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Analysis of the Role of Satisfaction in Mediating the Influence of Fastron Series Lubricant Products on Customer Loyalty Kushariyadi Kushariyadi
Jurnal Wacana Ekonomi Vol 25 No 02 (2026): Jurnal Wacana Ekonomi
Publisher : Fakultas Ekonomi Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52434/jwe.v25i02.43406

Abstract

Business developments in the era of globalization have led to increasing competition in the national lubricant industry. This condition requires companies to be able to maintain and increase customer loyalty to the products offered. Customer loyalty can be formed when consumers feel satisfied after using the product, while satisfaction itself is largely influenced by consumer perceptions of product quality. In this study, this relationship is analyzed to determine the extent to which the quality of Fastron Series products influences customer loyalty with satisfaction as a mediating variable. The research method uses a quantitative approach with data processing through multiple linear regression using SPSS software. The data collection technique was carried out by distributing questionnaires to respondents using accidental sampling. The study population was Fastron Series product users at PT Pertamina Lubricants Marketing Operation Region (MOR) IV Semarang. The findings of this study are expected to provide a basis for consideration for companies in strategies to improve product quality and build customer loyalty.
From Fear of Missing Out to Healthy Lifestyle: Understanding Motivation and Decision-Making in Padel Participation Untung Eko Setyasari; Yanti Fadila Wahab; Anisa Desty Puspatriani; Rudi Kurniawan
Jurnal Wacana Ekonomi Vol 25 No 02 (2026): Jurnal Wacana Ekonomi
Publisher : Fakultas Ekonomi Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52434/jwe.v25i02.43604

Abstract

Padel has rapidly emerged as one of the fastest-growing sports worldwide, including in Indonesia, where it has become increasingly associated with urban lifestyles, social interaction, and digital culture. This study aims to explore the motivations and decision-making processes underlying participation in padel, particularly in relation to healthy lifestyle orientation and Fear of Missing Out (FOMO). Using a qualitative case study approach, data were collected through in-depth interviews, observation, and documentation involving five participants from diverse occupational backgrounds. The data were analyzed thematically using Self-Determination Theory (SDT) and Consumer Behaviour Theory. The findings reveal that participation in padel is influenced by a combination of social, health, and lifestyle factors. FOMO, social media exposure, and peer influence serve as important triggers for initial participation, while sustained involvement is driven by enjoyment, health benefits, skill development, and social connectedness. The study also shows that participants gradually shift from externally driven motivations to more intrinsic forms of motivation. Furthermore, participation decisions are shaped not only by functional considerations but also by symbolic values related to identity, status, and social belonging. This study concludes that padel participation represents a dynamic interaction between FOMO, motivation, and behavioural decision-making, which may ultimately develop into a sustainable healthy lifestyle practice.  
Employee Ownership as a Corporate Governance Mechanism: Systematic Review of Agency Cost Implications in Capital Structure Theory Gilang Bhirawa Noraga; Arus Reka Prasetia; Widy Muchamad; Wufron Wufron
Jurnal Wacana Ekonomi Vol 25 No 02 (2026): Jurnal Wacana Ekonomi
Publisher : Fakultas Ekonomi Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52434/jwe.v25i02.43643

Abstract

This systematic literature review synthesizes empirical evidence on the effects of employee ownership schemes on agency costs between shareholders and bondholders in publicly traded firms, identifies underlying causal mechanisms, and analyzes the implications for capital structure. The review follows the PRISMA 2020 guidelines, with a systematic search of the Scopus database. From 44 identified records, 11 studies passed the quality assessment; 8 of these provided sufficient empirical depth on the integrated employee ownership, agency cost, capital structure linkage and were retained for in-depth synthesis, while the remaining 3 studies are reported as supplementary evidence. Data were synthesized using narrative synthesis combined with thematic analysis and mechanism mapping. The included evidence is concentrated in the Chinese (50%) and French (37.5%) institutional contexts, with no studies from the United States, the United Kingdom, or other Anglo-Saxon markets captured by the search an explicit limitation that constrains external validity. The review reveals an asymmetric pattern: all 8 in-depth studies report that employee ownership consistently reduces equity agency costs through interest alignment, enhanced monitoring, and improved information quality, whereas the evidence on debt agency costs is moderate, context-dependent, and confined to two studies that document a curvilinear (U-shaped) relationship in which moderate levels reduce the cost of debt while excessive levels intensify bondholder concerns. Bondholder, shareholder conflict resolution itself remains substantially under-investigated; this gap is interpreted not as a defect of the review but as a substantive finding about the current state of the field. Employee ownership therefore functions as an effective governance mechanism for equity agency costs but requires careful calibration where bondholder protection is at stake. Critical research gaps were identified in the bondholder perspective, formal causal-mechanism testing, optimal ownership thresholds, long-term effects, and geographic representativeness, each of which is discussed as a priority for future inquiry.
Understanding Brand Switching Intention: The Role of Consumer Animosity, Religiosity, and Perceived Economic Risk Mediated by Customer Engagement Ahmad Rasyiddin; Maman Sulaeman; Diksi Metris; Sindi Elvira Sagita; Yoan Yolanda
Jurnal Wacana Ekonomi Vol 25 No 02 (2026): Jurnal Wacana Ekonomi
Publisher : Fakultas Ekonomi Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52434/jwe.v25i02.43644

Abstract

Geopolitical conflicts have historically reshaped consumer behavior in profound ways, as powerfully evidenced by the widespread product boycotts observed in Muslim-majority countries following the escalation of the Middle East conflict in October 2023. This study examines how consumer animosity, Islamic religiosity, and perceived economic risk influence brand switching intention toward alternative products, with customer engagement as a mediating variable. Data were collected from 397 marketplace users in Indonesia via structured questionnaire and analyzed using PLS-SEM. All three independent variables significantly and positively influence both customer engagement and brand switching intention, with customer engagement partially mediating all three relationships. These findings offer two notable contributions: the empirical validation of customer engagement as a mediator across all three antecedents  a pathway not previously tested  and the Indonesian digital marketplace context, which provides an empirical anchor that existing literature has insufficiently addressed.

Page 27 of 27 | Total Record : 264

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