JOURNAL OF BUSINESS AND ECONOMICS RESEARCH (JBE)
1. Human Resource Management, 2. Financial Management, 3. Marketing Management, 4. Strategic Management, 5. Organizational Behavior, 6. Operations Management, 7. Change Management, 8. Management of Sharia, 9. Knowledge Management 10.Entrepreneurship, 11.E-Business, 12.Business Management, 13.Capital Market, 14.Risk Management, 15.Syariah banking, 16.Economics of Sharia, and 17.Islamic Capital Market
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<![CDATA[Financial Ratio Approach to Analyze Financial Performance: Comparison Before and After Merger ]]>
<![CDATA[Dewi, Ghina Kemala]]>;
<![CDATA[Basyir, Ashar]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.5440
<![CDATA[A merger is the process of combining two or more companies, where one company is maintained and the other is dissolved, with the assets of the dissolved company being transferred to the remaining company without liquidating it first. This study aims to determine the differences in financial performance at PT Bank CIMB Niaga Tbk before and after the merger by using a general financial analysis method, namely financial ratio analysis. The data used in this research is secondary data in the form of annual financial statements of PT Bank CIMB Niaga Tbk, taken from the period before the merger (2006-2007) and after the merger (2008, 2019, 2020). The type of data used in this study is quantitative research data. Quantitative data refers to data presented in the form of numbers that can be calculated with specific units. Financial performance is assessed using 4 indicators: Current Ratio, Debt to Equity, Net Profit Margin, and Total Asset Turnover. Based on the results of this study, it shows that from the four ratios calculated, two ratios had a positive change: the liquidity ratio measured using the Current Ratio and the profitability ratio measured using Net Profit Margin. There are two ratios that experienced negative changes after the merger: the solvency ratio measured using Debt to Equity Ratio and the activity ratio measured using Total Asset Turnover. The overall result from the calculations of these four ratios shows that there is a significant difference in financial performance before and after the merger. A limitation in this study is the ratio-based approach, where each financial ratio is measured individually. As a result, this study cannot be generalized to other studies.]]>
<![CDATA[The Financial Resilience of IDX-MES BUMN17 Companies in Response to COVID-19 Crisis and Economic Recovery ]]>
<![CDATA[Susanto, Arva Athallah]]>;
<![CDATA[Suprayitno, Aryadimas]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.5912
<![CDATA[The COVID-19 pandemic has significantly affected global financial markets, reinforcing the need for investments that are not only financially beneficial, but also prioritize ethical and sustainable principles. In Indonesia, the focus on economic sustainability is increasing through the Islamic capital market and state-owned companies, which play a strategic role in the country's economy. However, research on the financial performance and market capitalization of BUMN companies amid the COVID-19 pandemic is limited. This study aims to analyze the effect of these factors on the share prices of state-owned companies in Indonesia, specifically on IDX-MES BUMN17, during and after the COVID-19 pandemic. Using regression and trend analysis through Statistical Package for the Social Sciences (SPSS) software, we will explore the relationship between financial performance variables and market capitalization on the share prices of BUMN companies. This analysis will cover periods of economic crisis and recovery, focusing on how capital market dynamics affect investor behavior and the future value of BUMNs' shares, particularly in the context of Islamic economics. It is hoped that this research can provide a deeper understanding of capital markets and sustainable investment in Indonesia, as well as make important contributions to investment decision-making and risk management in the future.]]>
<![CDATA[Social Media Promotion and Women’s Purchase Intentions for Local Fashion Brands ]]>
<![CDATA[Rachman, Sitti Hartini]]>;
<![CDATA[Putri, Nur Vadila]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6332
<![CDATA[This study aims to analyze the impact of social media promotion on trust, perceived value, and consumers' purchase intentions, as well as to evaluate the roles of trust and perceived value as mediators between social media promotion and purchase intentions for local women’s fashion brands in South Sulawesi. This research employs a quantitative approach involving 110 consumers from three main areas: Makassar City, Maros Regency, and Gowa Regency. Data were collected using a questionnaire through purposive sampling. Data analysis was conducted using Structural Equation Modeling (SEM-AMOS) and the Sobel test to assess mediation effects. The results indicate that social media promotion positively and significantly influences the enhancement of trust and perceived value. However, the direct effect of social media promotion on purchase intention is not significant. Indirectly, social media promotion significantly increases purchase intention through perceived value, while its effect through trust is not significant. Perceived value has a dominant influence on purchase intention compared to trust and social media promotion. Although trust does not directly affect purchase intention, it serves as a key factor in enhancing perceived value, which ultimately impacts purchase intention.]]>
<![CDATA[Peran Pemasaran Media Sosial Terhadap Keputusan Pembelian Melalui Kepercayaan ]]>
<![CDATA[Sitanggang, Natashya Ketrine]]>;
<![CDATA[Tjiptodjojo, Kartika Imasari]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6380
<![CDATA[With the development of the times, smoking habits for many people have changed. Many people use e-cigarettes, one of which is an e-cigarette with the Foom brand. Many consumers use e-cigarettes for the reason of reducing smoking habits. The existence of e-cigarettes also affects the desire to buy from many people, where most people purchase e-cigarettes because they get much information from social media. A total of 110 respondents were taken as samples with the criteria of being over 18 years old, active users of e-cigarettes, and active social media users. Data testing was carried out through path tests and the results found that social media marketing and trust influenced purchasing decisions by 49.4%. However, trust does not influence purchasing decisions, and also trust does not mediate between social media marketing and purchasing decisions.]]>
<![CDATA[Pengaruh CSR dan Struktur Modal Terhadap Nilai Perusahaan dengan Firm Size Sebagai Variabel Moderasi ]]>
<![CDATA[Rahmawati, Heni]]>;
<![CDATA[Susilo, Dwi Ermayanti]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6489
<![CDATA[This study examines the influence of Corporate Social Responsibility and capital structure on firm value, with firm size as a moderating variable. This study focuses on energy sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2023. A descriptive quantitative approach was used with the purposive sampling method. The collection of secondary data obtained from financial reports with a sample of 41 companies in the energy sector. Data analysis was conducted using SPSS version 25.0. The analysis results show that Corporate Social Responsibility has a significant impact on company value with a p-value of 0.042 < 0.050, thus the hypothesis is accepted. Capital structure also has a significant impact with a p-value of 0.036 < 0.050, thus the hypothesis is accepted. The interaction of Corporate Social Responsibility with firm size shows a significant impact with a p-value of 0.043 < 0.050, thus the hypothesis is accepted, with firm size as a moderating variable strengthening the relationship between Corporate Social Responsibility and company value. Similarly, the interaction of capital structure with firm size with a p-value of 0.038 < 0.050, thus the hypothesis is accepted, with firm size as a moderating variable strengthening the relationship between capital structure and company value. These findings indicate that although Corporate Social Responsibility and capital structure are important in enhancing company value, their effectiveness can be influenced by firm size. In the context of the energy sector, large companies face higher expectations regarding Corporate Social Responsibility and complex capital structure management, which can reduce its positive impact on company value. This research provides important implications for energy company management strategies in optimizing Corporate Social Responsibility, capital structure, and considering company size in strategic planning. In the context of the energy sector, large companies face higher expectations regarding Corporate Social Responsibility and complex capital structure management, which can reduce its positive impact on company value. This research provides important implications for energy company management strategies in optimizing Corporate Social Responsibility, capital structure, and considering firm size in strategic planning.]]>
<![CDATA[The Impact of Coaching on The Resilience of The Agribusiness MSMEs ]]>
<![CDATA[Yurnita, Amelia]]>;
<![CDATA[Maryadi, Maryadi]]>;
<![CDATA[Sari, Dwi Wulan]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6539
<![CDATA[The Ministry of State-Owned Enterprises, in collaboration with state-owned firms, established the Rumah BUMN as a communal space to convene, educate, and support MSME stakeholders in becoming high-quality Indonesian MSMEs. Rumah BUMN Sumsel (RBS) affiliated with Company Social Responsibility Department of PT. Pusri Palembang, is dedicated to supporting MSME partners through three primary initiatives: competency enhancement, market access, and capital accessibility. This study will delineate the attributes of MSMEs supported by the South Sumatra Rumah BUMN and assess the coaching program implemented RBS regarding the sustainability of agribusiness MSMEs through SEM-PLS (Structural Equation Modelling-Partial Least Square) correlation analysis. The metrics employed to assess business sustainability variables include augmented MSME revenue, business expansion, product quality, competitiveness, and operational efficiency. Data analysis results from 100 respondents using the SmartPLS3 program indicate that, for MSMEs in the agricultural sector, the variables significantly influencing business sustainability are marketing access (p-value = 0.013) and capital availability (p-value = 0.000). The variable of competency enhancement, with a p-value of 0.302, indicates an insignificant result in the agriculture MSME sector. Business sustainability is significantly reliant on money and extensive market reach. Despite an improvement in competence, the absence of adequate money and a market capable of absorbing products may jeopardise corporate continuation.]]>
<![CDATA[Peran dan Strategi Digitalisasi UMKM Dalam Mendukung Ekonomi Sirkular ]]>
<![CDATA[Anistia, Sarah]]>;
<![CDATA[Utami, Rezki Aguswidya]]>;
<![CDATA[Hasvi, Ismail]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6604
<![CDATA[Digitalization is an important role for MSMEs to adopt sustainable economic practices, such as product lifecycle extension and collaborative consumption. Digitalization has been a catalyst for MSMEs in Jakarta for operational efficiency and adopting the principles of circular economy, a sustainable practice that emphasizes resource efficiency, waste reduction, and use of sustainable materials. Circular economy emphasizes sustainable resource management which is increasingly encouraged by the government to be implemented in various economic sectors. This study aims to identify the influence of digitalization roles and strategies on MSMEs in the Jakarta area in supporting the circular economy. The development of digital technology that can be adopted by the Micro, Small, and Medium Enterprises (MSMEs) sector has increased the number of MSMEs entering the digital ecosystem, especially in urban areas such as Jakarta. This research uses a quantitative method by distributing questionnaires to 100 MSMEs in September 2024 located in the Jakarta City area. Data analysis used regression analysis from SPSS (Statistical Package for the Social Sciences) software. The result of this study obtained a stimulant F value of 416.730> 3.8327 and a significant value of 0.000 <0.05 which indicates that both the role and strategy of digitalization applied to MSMEs has a significant and positive effect on the circular economy in the Jakarta area. This research is expected to enrich the literature on the relationship between digitalization and circular economy, especially in MSMEs in Jakarta.]]>
<![CDATA[Pengaruh Literasi Keuangan, Financial Self-Efficacy, Dan Fintech Payment Terhadap Pengelolaan Keuangan Pribadi Generasi Z ]]>
<![CDATA[Arumalaita, Dina]]>;
<![CDATA[Kusuma, Kumara Adji]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6651
<![CDATA[Tujuan dari penelitian ini adalah untuk menganalisis pengaruh literasi keuangan, financial self-efficacy, dan fintech payment terhadap pengelolaan keuangan pribadi generasi Z di Kabupaten Sidoarjo. Generasi Z merupakan kelompok demografis yang akrab dengan teknologi, namun cenderung memiliki tantangan dalam pengelolaan keuangan akibat perilaku konsumtif dan kurangnya literasi keuangan. Penelitian ini menggunakan pendekatan kuantitatif dengan metode survei terhadap 96 responden berusia 17-29 tahun yang telah bekerja. Teknik pengumpulan data diukur menggunakan Skala Likert 1-5 dan data diperoleh melalui penyebaran kuesioner. Hasil penelitian menunjukkan bahwa literasi keuangan, financial self-efficacy, dan fintech payment berpengaruh positif dan signifikan terhadap pengelolaan keuangan pribadi pada generasi Z. Literasi keuangan memberikan dasar pengelolaan keuangan yang bijak, ,financial self-efficacy meningkatkan keyakinan diri dalam pengambilan keputusan finansial, sementara fintech payment memberikan kemudahan dan efisiensi dalam transaksi keuangan. Temuan ini menegaskan betapa pentingnya pendidikan keuangan dan penguatan kapasitas individu dalam menghadapi tantangan ekonomi modern.]]>
<![CDATA[Implementation of SAK-EMKM and Accounting Information Technology on Quality of Financial Report ]]>
<![CDATA[Digita, Archie]]>;
<![CDATA[Sulistiawati, Clara]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6676
<![CDATA[This research aims to determine the effect of implementing SAK-EMKM and the use of accounting information technology on the quality of financial reports. The method used in this research is a purposive method, some criteria need to be met, namely, the Coffee Shop is classified as an MSME and not a coffee shop. The sample that met the criteria was 130 Coffee Shops. Data collection was carried out using a questionnaire, the data of which was then tested using validity and reliability tests. This research has shown that the result of SAK-EMKM shows a strong and beneficial influence concerning the standard of financial statements. It is proven by the t value of 12.159 with a significance value of 0.000, which means it is smaller than 0.05 (0.000<0.05) and Accounting Information Technology has a positive and strong influence on the standard of financial statements. This is proven by the t value of 9.310 with a significance value of 0.000, which means it is smaller than 0.05 (0.000<0.05).]]>
<![CDATA[Exploring Hotel Guest Satisfaction through Thematic Analysis ]]>
<![CDATA[Prasadja, Heru]]>;
<![CDATA[Aldiani, Desyana Pratiwi Azzahra]]>;
<![CDATA[Laturiuw, Astuti Kusumawicitra]]>
<![CDATA[ Journal of Business and Economics Research (JBE) Vol 6 No 1 (2025): February 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jbe.v6i1.6792
<![CDATA[This study investigated guest satisfaction drivers at Hotel Santika Premiere ICE BSD through a thematic analysis of 1,008 guest reviews. The research addressed the growing need for data-driven insights in the hospitality industry to better understand guests' diverse needs and expectations. Through qualitative analysis, five key themes emerged as pivotal satisfaction drivers: service quality and staff responsiveness (each with 250 mentions, 24.8%), cleanliness (200 mentions, 19.8%), amenities (150 mentions, 14.9%), and value for money (150 mentions, 14.9%). Service quality and staff responsiveness demonstrated the most substantial influence on guest satisfaction, shaping the emotional and relational dimensions of the experience, while cleanliness and amenities established fundamental expectations. Demographic analysis revealed significant variations, with older adults and international travelers reporting higher satisfaction levels (92% and 93% respectively) than younger guests and domestic travelers (85% and 87% respectively). These differences highlighted the importance of demographically tailored services, such as enhanced technology integration for younger guests and culturally adapted offerings for international travelers. Based on the findings, strategic recommendations include improving soundproofing, diversifying breakfast options, and implementing comprehensive staff training programs to address concerns identified in 27% of guest feedback. This research contributes to hospitality management theory and practice by demonstrating the effectiveness of data-driven decision-making in optimizing service delivery while balancing standardized excellence with personalized guest experiences. The study provides a framework for sustainable competitive advantage in the evolving hospitality landscape through strategic alignment of service delivery with diverse guest expectations.]]>
