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Quantitative Economics and Management Studies
Published by PT. Mattawang Mediatama Solution
ISSN : -     EISSN : 27226247     DOI : https://doi.org/10.35877/qems
Core Subject : Economy, Science, Education,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics
Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes state-of-art papers in fundamental theory, experiments, and simulation, as well as applications, with a systematic proposed method, sufficient review on previous works, expanded discussion, and concise conclusion. As our commitment to the advancement of science and technology, the QEMS follows the open access policy that allows the published articles freely available online without any subscription.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 20 Documents
 1   2 
Search results for , issue "Vol. 4 No. 5 (2023)" : 20 Documents clear
Decision Making on Options for Development of Rest Area Facilities According to Highest And Best Use Using the Analytic Network Process Method (Case Study: Rest Area on Trans Sumatera Toll Road Tebing Tinggi–Parapat Section) Hamdani Hamdani; Aswin Dewanto Hadisumarto
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1858

Abstract

The paper establishes and analyzes research regarding community needs for the concept of rest areas on the Trans Sumatra Toll Road Section of Tebing Tinggi - Parapat. The background of the research is due to the fact that the current planning of rest areas is still not effective yet in concept and does not pay much attention to the commercial aspect. Even though with the optimal commercial side of the rest area, the cost of maintaining the rest area can be funded from the income earned. Thus, the Company does not need to incur additional costs for maintenance, considering the Company's financial burden due to the construction of JTTS which is not financially feasible. The analysis used in this study is the Analytic Network Process (ANP) Model which will later be divided into 3 clusters namely the destination cluster, the criteria cluster, and the alternative cluster. The objective cluster is the final goal to be achieved in this study. Cluster criteria is the assessment criteria used in this study based on analysis of existing benchmark rest areas, literature studies, and expert validation. Alternative cluster is development options obtained from the results of the highest and best use analysis.
The Implementation of Recruitment and Selection Process in Richemont Sheila Alfauziah Putri; Andriyastuti Suratman; Majang Palupi
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1862

Abstract

Richemont B.V. is a company that owns the prestigious Maisons well-known for its excellence in the luxury industry which includes jewelry, specialist watchmakers, online distributors, and fashion & accessories. This research aims to provide information on the organizational structure of the company and provide a perspective that can build an organization in carrying out better accountability processes and internal communications and dissect the problems faced regarding recruitment and selection. The data collection methods used are observation and interviews. Sources for interviews were chosen to obtain a perspective from the recruiter and non-recruiter parties. The results indicate that major changes in the organizational structure affect the process of communication in the ongoing recruitment and selection, there are challenges in terms of internal communication between the recruitment team and how this internal communication can affect communication with candidates. The research results also reveal the implementation of organizational structure in the recruitment team and provide information related to how the recruitment process is carried out from all aspects
The Influence of Communication And Work Conflict on Employee Performance At The Secretariat of DPRD North Sumatra Ayu Intan Pratiwi; Nuri Aslami; Rahmat Daim Harahap
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1868

Abstract

The smooth operation and success of the company's vision, mission and goals depend heavily on continuous and well-established communication within the organization. This includes communication from superior to subordinate, from subordinate to superior and communication between colleagues. However, due to the ability of subordinates, communication becomes an inhibiting factor in the delivery of messages conveyed or sent by subordinates to superiors. The purpose of this study was to determine and analyze the effect of communication and work conflict on employee performance at the North Sumatra DPRD Secretariat. This research is a type of association research. This research was conducted at the DPRD Secretariat of North Sumatra. The method used in this research is descriptive statistical method with a quantitative approach, the sampling technique used in this research is a questionnaire. Based on the information the author received from the Administrative Section of the North Sumatra DPRD Secretariat, the number of employees in the property reaches 50 employees. Data collection techniques using data instrument tests, knowledge needs tests, and statistical tests. The results of this study indicate that communication and work conflict simultaneously affect the performance of employees at the DPRD Secretariat of North Sumatra. Partially, communication and work conflict have a significant and positive effect on employee performance at the North Sumatra DPRD Secretariat.
Basic Analysis of Foreign Exchange Cost Allocation at PT X Using Activity Based Costing Method Khansa Fatin; Nureni Wijayati
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1869

Abstract

This article is a case study on a multinational company that has the risk of exchange rate differences arising from foreign currency translations as a result of business transactions using foreign currencies. The difference in foreign exchange costs that arise needs to be allocated up to the product level so that the unit of analysis can calculate the appropriate production costs to produce product profitability accurately and reliably. The approach used in this study is a descriptive analysis research using qualitative methods. The results of the research will find the right allocation base to be used as the basis for the allocation of foreign exchange costs at PT X and see the impact on the profitability of the business unit in the analysis unit so that it can help the analysis unit make reliable decisions.
Analysis of the Influence of Halal Product, Brand Image, and Price on Purchase Decisions of MS Glow Skincare Products through Digital Marketing as a Moderating Variable Khoiria Risky Tanjung; Zuhrinal M. Nawawi; Sri Sudiarti
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1870

Abstract

This study aims to determine the extent of the influence of Halal Products, Brand Image, and Price through Digital Marketing as a moderating variable on the purchasing decision of MS Glow Skincare products among Muslim women in Medan City. The method used a quantitative approach. The sample consists of 100 women skincare product users in Medan City. Primary data collection instruments were used. The results of this study can be concluded as follows: the regression coefficient of the Halal Products variable of 0.469, indicating that an increase in the Halal Products variable will increase the decision of Muslim women in Medan city to use MS Glow skincare by 46%. The regression coefficient of Brand Image variable of 0.335, indicating that an increase in the Brand Image variable will increase the decision of Muslim women in Medan city to use MS Glow skincare products by 33%. The regression coefficient of the Price variable is 0.365, indicating that an increase in the Price variable will increase the decision of Muslim women in Medan city to use MS Glow skincare products by 36%. The variables of Halal Products, Brand Image, and Price collectively influence 42% of the decision of Muslim women in Medan city to use MS Glow skincare products. Digital Marketing, as a moderating variable, is able to strengthen the relationship by 59.7% between Halal Product, Brand Image, and Price on the Purchase Decision of MS Glow skincare products.
Performance Assessment of Kembang Merbabu Employees Lailatul Nuraini; Agus Sugiarto
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1881

Abstract

This research aims to investigate the working conditions at Omah Kembang Merbabu and the process and benefits of employee performance evaluation in the company. The research method used is structured interviews with employees at Omah Kembang Merbabu as the primary source of information. The interviews were conducted face-to-face using a pre-arranged set of structured questions. Based on the interview findings, it can be concluded that the working conditions at the company are considered good and emphasize a sense of family in the workplace. The Standard Operating Procedures (SOP) implemented at the company are not significantly different from those in other places, which prioritize discipline and orderliness. Employee performance evaluation at Omah Kembang Merbabu is conducted through both vertical and horizontal assessments, considering important aspects such as performance standards, neatness and attitude, discipline, responsibility, and loyalty
The Effect of Perceived Quality, Perceived Value, Brand Preference, and Customer Satisfaction on ERP Implementation in Construction Services Zainal Abidin; Athor Subroto
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1891

Abstract

Enterprise Resource Planning (ERP) is an information system in a company to optimize business processes and transactions. System Applications and Products (SAP) is one application that uses ERP system applications. The purpose of this study is to determine the effect of each variable indicating whether the system has been operating properly so that it can support maximum system performance. The research variables are Perceived Quality (PQ), Perceived Value (PV), Brand Preference (BP), dan Customer Satisfaction (CS). The data analysis method used a structural equation model or Structural Equation Model-Partial Least Square (SEM-PLS) using the SmartPLS 3.0 application. The case study used in this research is PT Hutama Karya, a construction service company. Data collection was carried out using questionnaires to 68 respondents, who are users of the SAP application with a Likert scale measurement. The result shows that PQ positively and significantly impacts on CS, PV, and BP. Brand Preference has a positive and significant influence on CS. Perceived value has a positive and significant influence on BP, but does not have a positive and insignificant effect on CS.
Measurement of Expected Shortfall, Correlation and Simulation of Stock Return in The Transportation Sector in Asia's Emerging Stock Exchanges Before and After The Covid-19 Pandemic Eko Nurmaryadi; Dewi Hanggraeni
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1901

Abstract

The objective of this research is to analyze the market risks encountered by transportation sector companies listed in emerging Asian market countries, as well as the correlation of risks among these companies. Additionally, the study aims to provide a forecasting simulation for the stock prices over the next 100 days. Historical data on daily stock price changes prior to and following the Covid-19 pandemic are utilized. The research methodology employs a normal GARCH model to assess stock volatility, while market risk is determined using the expected shortfall (ES) approach. The Pearson method is employed to calculate the correlation of risks between companies. The forecasting simulation is conducted using the GARCH(1,1) approach for specification and fitting. The findings of this study reveal that transportation sector issuers have exhibited varied responses to the Covid-19 pandemic based on their specific sub-sectors. The correlation between issuers generally demonstrates low values; however, the stock markets of China and Taiwan display a strong positive correlation within the same sub-sector. Future stock price movements over the next 100 days are anticipated to align with the trend observed during the latter part of 2022.
Risk Management Analysis of Future Package Financing (PMD) with a Murabaha Contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office Elsa Hafe Eza Lubis; Maryam Batubara; Muhammad Arif
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1919

Abstract

This study aims to analyze the risk management of the Future Package (PMD) financing with a Murabaha contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office. PMD is one of the financing products offered by Islamic banks, and a Murabahah contract is one of the financing mechanisms in the Islamic banking system. The research method used is a case study with a qualitative approach. Data was collected through interviews with related parties at PT. Bank BTPN Syariah Rantau Prapat Branch Office and analysis of documents related to risk management. The results of the research show that PT. Bank BTPN Syariah Rantau Prapat Branch Office has implemented good risk management in PMD financing with a Murabahah contract. The identified risks, such as credit risk, liquidity risk, operational risk and market risk, have been properly managed through various policies and procedures that have been established. However, there are several challenges faced by banks in managing PMD financing risks with Murabaha contracts, such as market fluctuations and regulatory changes that affect the Islamic banking business. This research is expected to contribute to the development of PMD financing risk management with a Murabaha contract at PT. Bank BTPN Syariah and provide insights for other Islamic financial institutions in managing risk more effectively and efficiently.
The Effect of Social Media Marketing Activities on Continuance Intention: A Study of The Brand Fashion Industry Roni Setiawan; Sekar Wulan Prasetyaningtyas
Quantitative Economics and Management Studies Vol. 4 No. 5 (2023)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems1929

Abstract

Recently, both in Indonesia and globally, social media has become increasingly important, especially in the use of the Instagram platform. One of the interesting industries to discuss is the fashion brand industry. The development of fashion is so fast, and along with the increasing use of the Instagram platform in the community, Instagram is a means of selling and promoting fashion products that are marketed to the public. The research that the authors conducted started with the high use of Instagram, the fast development of fashion brands around the world, and their own attractiveness to society. From this phenomenon, the authors have determined the purpose of this study, among others, to find out how Instagram social media marketing activities influence customer satisfaction, perceived value, and repeat purchase intentions. Meanwhile, this study proposes the effect of perceived value on customer satisfaction and repeat purchase intention. The final paper considers the impact of customer satisfaction on repeat purchase intentions. This study uses an online survey of 135 Instagram users who have made purchases online for fashion products to examine the effect of SMMA on perceived value and customer satisfaction. The results of the analysis use partial least squares with smart PLS. Consistent with previous research, only three statements in the hypothesis were accepted, SMMA had a positive effect on CS and PV, then CS had a significant effect on CI, and indirectly, the SMMA variable had a positive and significant impact on CI.

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