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Mochammad Tanzil Multazam
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Universitas Muhammadiyah Sidoarjo Majapahit 666 B, Sidoarjo, East Java Indonesia
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INDONESIA
Indonesian Journal of Law and Economics Review
Published by Universitas Muhammadiyah Sidoarjo
ISSN : -     EISSN : 25989928     DOI : https://doi.org/10.21070/ijler
Core Subject : Economy, Social,
Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice
Indonesian Journal of Law and Economics Review (IJLER) is published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.This journal aims is to provide a place for academics and practitioners to publish original research and review articles. The articles basically contains any topics concerning Law and Economics. IJLER is available in online version. Language used in this journal is Indonesia or English.
Arjuna Subject : Ilmu Sosial - Hukum
Articles 33 Documents
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Search results for , issue "Vol. 20 No. 1 (2025): February" : 33 Documents clear
Effectiveness of Internal Control Environment in Preventing Fraud: Efektivitas Lingkungan Pengendalian Internal dalam Mencegah Kecurangan Hanif, Aisha; Nadhifah, Binti
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1420

Abstract

Background: Internal control is considered a key factor in maintaining organizational integrity and preventing fraud within higher education institutions. Specific background: Previous studies mostly examined internal control in business organizations, leaving higher education practices less explored. Gap: Limited qualitative evidence explains how control environments work in educational settings. Aims: This study aims to identify the effectiveness of the internal control environment in preventing fraud at a private university in Indonesia. Results: Qualitative data collected through interviews and processed using NVivo show that several control components have been implemented, yet certain elements still require improvement such as monitoring and delegation. Novelty: The study presents empirical insight based on direct campus practices, revealing the contextual role of internal control in academic institutions. Implication: The findings suggest that strengthening internal monitoring and ethical culture is essential to reduce fraud risks in universities. Highlights:• Internal control environment in higher education• Fraud prevention mechanisms• Empirical qualitative evidence Keywords: Internal Control, Fraud, Higher Education, Audit, COSO
Tax Knowledge, Financial Reward, and Labor Market on Career Choice: Pengetahuan Pajak, Insentif Keuangan, dan Pasar Tenaga Kerja terhadap Pilihan Karier Masfufah , Ninik; Ernandi, Herman
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1421

Abstract

Background: Tax profession is an important career field due to the growing need of taxation personnel, yet students’ interest remains low. Specific Background: Previous studies examined single variables, while the combination of tax knowledge, financial reward, and labor market consideration has not been widely tested in the Indonesian accounting context. Gap: Evidence regarding students’ career preference in taxation that integrates those three aspects is still limited. Aim: This study examines the effect of tax knowledge, financial reward, and labor market consideration on accounting students’ career choice in taxation. Results: The regression analysis shows that all independent variables have a positive and significant effect on career choice. Novelty: The research provides empirical evidence that these three constructs jointly shape students’ decision for taxation careers, particularly in the Muhammadiyah University context. Implications: The findings suggest universities should improve taxation learning experience and institutions may consider incentive and employment information to strengthen future taxation workforce. Highlights:• Significant role of tax knowledge• Importance of financial reward• Labor market relevance Keywords: Tax Knowledge, Financial Reward, Labor Market, Career Choice, Accounting Students
Business Risk, Financial Risk, and Stock Price in Determining Firm Value: Risiko Bisnis, Risiko Keuangan, dan Harga Saham dalam Menentukan Nilai Perusahaan Amanda, Silvia; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1429

Abstract

Background: Firm value is an essential indicator reflecting investors’ perceptions of company performance, and it is closely related to business risk, financial risk, and stock price. Specific Background: Prior studies show inconsistent findings regarding how these three factors relate to firm value. Knowledge Gap: Limited research examines the combined contribution of business risk, financial risk, and stock price within the same analytical model. Aim: This study aims to analyze the relationship between those variables and firm value. Results: The findings show that each variable demonstrates a measurable relationship with firm value, although the direction and strength differ across indicators. Novelty: This study offers a more integrated assessment by simultaneously incorporating three risk-related factors in one empirical model. Implications: The results contribute to financial management literature and provide insights for investors in evaluating corporate risk profiles. Highlights:• Business risk and financial risk show measurable relationships with firm value• Stock price contributes to investors’ valuation of companies• Integrated analysis strengthens the understanding of corporate risk dynamics Keywords: Business Risk, Financial Risk, Stock Price, Firm Value, Corporate Finance
Workplace Factors Shaping Employee Performance in Public Institutions: Faktor Tempat Kerja yang Mempengaruhi Kinerja Karyawan di Lembaga Publik Fatma, Salsabila Nur Tsabita; Prapanca, Detak; Sari, Herlinda Maya Kumala; Firdaus, Vera
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1430

Abstract

Background: Employee performance is a crucial element in achieving organizational goals, particularly in public institutions. Specific Background: Prior studies highlight the roles of work environment, motivation, and discipline, yet inconsistencies remain across organizational contexts. Knowledge Gap: Limited empirical evidence examines these variables simultaneously within local governmental offices. Aim: This study aims to analyze how work environment, work motivation, and work discipline contribute to employee performance. Results: Findings indicate that all three variables show significant positive relationships with performance, with work discipline emerging as the strongest predictor. Novelty: The study provides updated empirical insight from a public-sector context rarely explored in recent literature. Implications: The results suggest that strengthening discipline policies, improving work conditions, and maintaining motivational programs can enhance organizational productivity. Highlights:• Significant role of work environment• Strong contribution of work discipline• Motivation supporting employee performance Keywords: Work Environment, Work Motivation, Work Discipline, Employee Performance, Public Institution
Bankruptcy Prediction of Boycotted Firms Using Altman Z-Score Analysis: Prediksi Kebangkrutan Perusahaan yang Diboykoti Menggunakan Analisis Altman Z-Score Rosfian, Ilma Zulfiana; Hanun, Nur Ravita
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1431

Abstract

Background: Consumer boycotts linked to the Israel–Palestine conflict have created financial pressure on several Indonesian companies, prompting the need to assess their financial resilience. Specific Background: Despite widespread public action, limited studies investigate how boycotts influence bankruptcy risk using financial ratio models. Gap: Previous research applies Altman Z-Score in various sectors, yet none focuses on boycott-affected firms within a social–political context. Aim: This study analyzes bankruptcy prediction among Indonesia Stock Exchange companies allegedly affected by consumer boycotts during 2019–2023 using the Altman Z-Score model. Results: Findings show heterogeneous financial conditions: food and beverage companies such as FAST, MAPB, and PZZA experienced declining Z-Scores indicating distress, while ADES, ULTJ, and MTDL maintained strong financial stability. All four ratios (WCTA, RETA, EBITTA, MVEBVL) exhibit significant positive contributions to Z-Score, confirming their relevance in predicting financial resilience. Novelty: This research integrates Altman Z-Score with signaling and agency theory to explain how managerial decisions and market perceptions shape corporate stability during boycott pressures. Implications: The results provide practical insights for investors, managers, and policymakers in evaluating risk exposure and developing strategies to strengthen corporate resilience under socio-political disruptions. Highlights:• Companies show varied financial resilience under consumer boycott• Altman Z-Score identifies vulnerable and stable firms accurately• Working capital, retained earnings, EBIT, and equity strength drive stability Keywords: Altman Z-Score, Bankruptcy Prediction, Consumer Boycott, Financial Ratios, Indonesia Stock Exchange
Determinants of Profit in Local Creative Bag UMKM Production: Penentu Keuntungan dalam Produksi UMKM Tas Kreatif Lokal Murtafi’a, Lutfi Ainun; Rahmawati , Imelda Dian
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1432

Abstract

Background: UMKM play a crucial role in supporting local economic growth, making profit analysis essential for business sustainability. Specific Background: Local bag-production UMKM face fluctuations in production costs, marketing expenses, and sales volume, which directly shape profitability. Knowledge Gap: However, limited studies have examined these three variables simultaneously within the context of small-scale creative industries. Aim: This study aims to analyze how production costs, marketing costs, and sales volume contribute to UMKM profit. Results: The findings show that production costs and marketing costs have measurable statistical relationships with profit, while sales volume emerges as the most influential determinant of financial outcomes. Novelty: This research offers new insight by focusing on a specific local bag-production UMKM with unique cost structures and operational constraints. Implications: The study highlights the importance of optimizing cost efficiency and strengthening sales strategies to support sustainable profit growth for similar creative UMKM sectors. Highlights:• Significant factors determining UMKM profit• Sales volume as primary profit determinant• Cost structures shaping financial outcomes Keywords: UMKM, Production Cost, Marketing Cost, Sales Volume, Profitability
Tax Avoidance Determinants with Sales Growth as Moderator: Penentu Penghindaran Pajak dengan Pertumbuhan Penjualan sebagai Moderator Ernandi, Herman; Prasetya, Atina Nabila Ade
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1433

Abstract

Background: Tax avoidance remains a strategic decision frequently undertaken by firms to manage financial pressure and maintain performance stability. Specific Background: Prior studies show inconsistent findings regarding the role of leverage and company size, while the contribution of sales growth as a moderating variable remains underexplored. Gap: Limited empirical evidence integrates sales performance dynamics into the tax avoidance model within consumer non-cyclical firms. Aim: This study examines the effect of leverage and company size on tax avoidance and evaluates the moderating role of sales growth. Results: Findings show that leverage significantly increases tax avoidance, while company size also contributes positively. Sales growth strengthens the relationship between leverage and tax avoidance, indicating that firms with stronger sales tend to utilize tax minimization strategies more aggressively. Novelty: The study introduces sales growth as a contextual moderator to clarify inconsistencies in previous findings. Implications: Results provide insights for managers and policymakers in designing governance mechanisms to ensure tax compliance, particularly in firms with high debt levels and strong market performance. Highlights:• Leverage and firm size significantly shape tax avoidance• Sales growth strengthens leverage–tax avoidance relationship• Model clarifies inconsistencies in previous tax avoidance studies Keywords: Tax Avoidance, Leverage, Firm Size, Sales Growth, Moderation Model
Determinants of Tax Compliance Among E-Commerce Entrepreneurs in Sidoarjo: Faktor-Faktor yang Mempengaruhi Kepatuhan Pajak di Kalangan Pengusaha E-Commerce di Sidoarjo Jannah , Miftakhul; Biduri, Sarwendah
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1434

Abstract

General Background: The rapid growth of e-commerce in Indonesia has created new challenges in tax compliance among online business actors. Specific Background: Despite increasing digital transactions, tax compliance among e-commerce entrepreneurs remains inconsistent. Knowledge Gap: Limited empirical evidence explains how regulatory understanding, tax rates, environment, and taxpayer awareness jointly shape tax compliance in local e-commerce sectors. Aims: This study aims to examine the relationship between tax regulation understanding, tax rates, environment, taxpayer awareness, and tax compliance among e-commerce entrepreneurs in Sidoarjo. Results: Using multiple linear regression on 40 respondents, all independent variables showed positive and significant relationships with tax compliance. Novelty: This study provides localized empirical evidence on behavioral tax compliance within micro-scale e-commerce enterprises. Implications: The findings offer strategic insights for policymakers in strengthening digital tax compliance through education and social support mechanisms. Highlights: Tax awareness strengthens compliance behavior Social environment shapes tax obedience Digital entrepreneurs require regulatory literacy Keywords: Tax Compliance, E-Commerce Taxation, Tax Awareness, Tax Regulations, Digital Entrepreneurs
Company Growth, Profitability, and Capital Structure in Food and Beverage Firms: Pertumbuhan Perusahaan, Profitabilitas, dan Struktur Modal di Perusahaan Makanan dan Minuman Fafarita , Alliansi Wulan; Nirwana, Nihlatul Qudus Sukma
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1435

Abstract

General Background: Capital structure decisions play a crucial role in maintaining corporate financial stability. Specific Background: Food and beverage companies face dynamic funding needs due to operational expansion and market competition. Knowledge Gap: Empirical evidence on how company growth and profitability relate to capital structure in this sector remains limited for the 2019–2023 period. Aims: This study investigates the relationship between company growth, profitability, and capital structure. Results: Using multiple linear regression on 19 food and beverage companies listed on the Indonesia Stock Exchange, the findings indicate that both company growth and profitability are significantly associated with capital structure. Novelty: This study provides updated empirical evidence using recent financial data in the Indonesian food and beverage sector. Implications: The results offer practical insights for corporate managers in formulating financing strategies based on firm growth and profitability performance. 11545 Other,+Report_JURNAL+Alli… Highlight & Keyword (Bold, English) Highlights: Company growth is associated with capital structure Profitability shows a significant relationship with leverage Food and beverage sector financing characteristics Keywords: Company Growth, Profitability, Capital Structure, Food and Beverage Firms, Financial Structure
Implementation Patterns of BPNT in Kedungrawan Village Krembung: Pola Implementasi BPNT di Desa Kedungrawan Krembung Putri, Rika Rikhmalia; Agustina, Isna Fitria
Indonesian Journal of Law and Economics Review Vol. 20 No. 1 (2025): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i1.1436

Abstract

General Background: Poverty remains a persistent social issue in developing countries, including Indonesia. Specific Background: The Non-Cash Food Assistance Program (BPNT) was designed as a food subsidy distributed electronically to beneficiary households through e-warong. Knowledge Gap: Several implementation problems such as mistargeted beneficiaries, zero balances, and delayed distribution are still found at the village level. Aim: This study aims to analyze the implementation of the BPNT program in Kedungrawan Village, Krembung District. Methods: This research uses a descriptive qualitative approach with data collected through interviews, observations, and documentation involving village officials, BPNT facilitators, and beneficiaries. Results: The findings indicate that communication, human resources, disposition, and bureaucratic structure generally operate according to established procedures. However, obstacles remain in targeting accuracy, zero balances in beneficiary accounts, and data updates in the DTKS system. Novelty: This study highlights local-level implementation dynamics of BPNT using Edward III’s policy implementation framework. Implications: The findings provide input for improving data validation, monitoring, and coordination to ensure more accurate and sustainable food assistance distribution. Keywords: BPNT Program, Policy Implementation, Poverty Alleviation, Social Assistance, Rural Welfare Highlights: Community-level BPNT distribution follows formal operational procedures. Data updating and targeting accuracy remain major implementation challenges. Human resource capacity supports program continuity.

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