cover
Contact Name
Ansari Saleh Ahmar
Contact Email
qems@ahmar.id
Phone
+6281258594207
Journal Mail Official
qems@ahmar.id
Editorial Address
Jalan Karaeng Bontomarannu No. 57 Kecamatan Galesong, Kabupaten Takalar Provinsi Sulawesi Selatan, Indonesia
Location
Unknown,
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INDONESIA
Quantitative Economics and Management Studies
ISSN : -     EISSN : 27226247     DOI : https://doi.org/10.35877/qems
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.
Articles 595 Documents
How Entrepreneurship Education, Social Media, and Business Capital Shape Gen Z Entrepreneurial Intentions through Income Expectations? Hajar Dewantara; Andi Anggi Kemalasari; Atirah; Matthew Olufemi Adio
Quantitative Economics and Management Studies Vol. 6 No. 1 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3854

Abstract

The advancement of digital technology encourages transformation in various fields. This research aims to analyze the influence of entrepreneurship education, social media, and business capital on the entrepreneurial interest of Generation Z through income expectations as a mediating variable. This study employs a quantitative approach with descriptive and explanatory designs. The sample consists of 106 students from the Universitas Negeri Makassar selected through proportional random sampling techniques. Data collection was conducted using a Likert scale-based questionnaire and analyzed using path analysis with the help of SPSS software. The results indicate that entrepreneurship education, social media, and business capital significantly influence income expectations and the entrepreneurial interest of Generation Z. Directly, business capital has the greatest impact on entrepreneurial interest. Furthermore, income expectations prove to be a significant mediating variable that strengthens the relationship between entrepreneurship education, social media, and business capital on entrepreneurial interest. This study emphasizes the importance of practice-based entrepreneurship education, optimal utilization of social media, and adequate access to business capital to encourage Generation Z to become entrepreneurs. Income expectations play a key role in motivating students to start and develop businesses.
Entrepreneurial Motivation as a Mediator of Financial Literacy, Family Environment, and Love of Money on Entrepreneurial Interest in Gen Z Students Andi Anggi Kemalasari; Andika Isma; Soussou Raharimalala
Quantitative Economics and Management Studies Vol. 6 No. 1 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3855

Abstract

Entrepreneurial interest reflects an individual’s intention and willingness to engage in entrepreneurial activities, often driven by personal motivation and the courage to take calculated risks. Generation Z, born between 1995 and 2012, has grown up in the digital era, shaping their mindset and access to entrepreneurial opportunities. This study investigates the extent to which financial literacy, family environment, and love of money influence the entrepreneurial interest of Gen Z students, with entrepreneurial motivation acting as a mediating variable. A quantitative research approach was employed using primary data collected through questionnaires from 99 Gen Z students. Path analysis was conducted to test the proposed relationships. The findings reveal that financial literacy, family environment, and love of money each significantly influence entrepreneurial motivation, which in turn has a strong mediating effect on entrepreneurial interest. These results highlight the critical role of internal motivation in bridging cognitive, emotional, and contextual factors in the entrepreneurial decision-making process among Gen Z students. This study provides useful insights for educators and policymakers aiming to cultivate entrepreneurship among younger generations through targeted support in financial education, family engagement, and value orientation.
Cross-Sectoral Portfolio Optimization in Emerging Markets: Value at Risk Assessment of Indonesian Consumer and Financial Stocks Ahmar, Ansari Saleh; Wahyuni, Wahyuni; Triutomo, Agung; Rahman, Abdul; Tabash, Mosab
Quantitative Economics and Management Studies Vol. 6 No. 1 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3861

Abstract

This study examines the comparative risk profiles of single-asset investments versus portfolio strategies using two prominent Indonesian companies: PT. Mayora Indah and PT. Sinar Mas Multiartha. Employing a quantitative approach with Monte Carlo simulation and Value at Risk (VaR) methodology, the research analyzed daily stock returns over a one-year period (January-December 2023). Results reveal that despite similar historical volatility levels between the individual stocks (standard deviations of 2.65% and 2.88%), their correlation coefficient was notably low (0.13), creating significant diversification opportunities. Monte Carlo simulations generated 1,000 potential return scenarios for robust risk assessment, finding that at the 95% confidence level, maximum expected losses on a Rp 100 million investment were Rp 4.78 million for PT. Mayora Indah and Rp 4.58 million for PT. Sinar Mas Multiartha individually. However, a portfolio combining both stocks (60% PT. Mayora Indah, 40% PT. Sinar Mas Multiartha) reduced this potential loss to Rp 2.90 million—representing approximately 37% risk reduction compared to either single-asset investment. This substantial risk mitigation was consistent across all confidence levels (99%, 95%, and 90%). The portfolio also demonstrated improved return characteristics in simulation (0.39% expected return) compared to historical data (0.09%), while maintaining similar risk levels. These findings provide empirical support for the practical value of diversification strategies in the Indonesian equity market, highlighting how even limited diversification across two stocks from different economic sectors can yield substantial improvements in risk-adjusted investment outcomes.
Assessing Investment Risk in the Post-Pandemic Entertainment Industry: A Statistical Analysis of Portfolio Returns and Risk Measures Ahmar, Ansari Saleh; Alsa, Yudhistira Ananda; Alfairus, Muh. Qodri; Rahman, Abdul; Kumar, Rajesh
Quantitative Economics and Management Studies Vol. 6 No. 1 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3862

Abstract

This study examines the risk-return profiles of Warner Bros and Walt Disney stocks and analyzes their portfolio optimization potential in the post-pandemic entertainment industry landscape. Using daily stock data obtained from Yahoo Finance, we employ both traditional statistical analysis and Monte Carlo simulation techniques to derive robust estimates of expected returns and risk parameters. Our Value at Risk (VaR) analysis at multiple confidence levels (99%, 95%, and 90%) reveals distinct risk characteristics between the two stocks, with Walt Disney demonstrating more favorable downside protection despite similar historical return patterns. Monte Carlo simulations indicate significantly higher potential returns than suggested by historical data alone, with expected daily returns of 0.803% for Warner Bros and 0.789% for Walt Disney. Portfolio analysis with varying asset allocations demonstrates meaningful diversification benefits despite the substantial correlation (0.657) between the stocks. The optimal portfolio allocation favors a higher weight to Walt Disney (80%) compared to Warner Bros (20%), achieving the highest Sharpe ratio (0.247) and the lowest VaR at 99% confidence (-6.68%). These findings highlight the importance of comprehensive risk assessment tools in portfolio construction, particularly for industries undergoing structural transformation. The study contributes to sector-specific portfolio analysis literature by providing detailed insights into risk-return dynamics of major entertainment stocks in the evolving digital media landscape. For investors seeking entertainment sector exposure, our analysis suggests that a portfolio tilted toward Walt Disney offers the most efficient risk-return profile under current market conditions, though ongoing monitoring remains essential as business models continue to evolve.
The Impact of microfinance on poverty reduction through women’s empowerment Chand, Prakash Bahadur
Quantitative Economics and Management Studies Vol. 6 No. 2 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3864

Abstract

This study investigates the impact of microfinance on women's empowerment and poverty reduction in Nepal's Kathmandu Valley. The research employs a mixed-methods approach, utilizing structured questionnaires with five-point Likert scales to collect data from 294 women participating in Self-Help Groups (SHGs), selected through purposive sampling. Descriptive and inferential statistical techniques, including Cronbach’s alpha reliability testing, ANOVA, regression, and correlation analysis, were applied to assess multidimensional outcomes. The results reveal that microfinance has the strongest positive impact on socioeconomic status (β=1.048, p<0.001), explaining 69.5% of empowerment variance (Adj. R²=0.695), while showing a negative association with household decision-making (β=-0.265, p<0.001). A key finding highlights the divergence between perceived financial benefits (mean scores 3.93-4.00) and their statistical insignificance in regression models (p=0.926), suggesting that economic interventions alone may be insufficient. The study demonstrates methodological rigor with high reliability (α>0.7) and robust multivariate analysis. The findings indicate that microfinance significantly influences socioeconomic empowerment but has complex effects on other dimensions of women's lives, underscoring the need for integrated approaches combining financial and social interventions.
Unlocking Tax Compliance Intention MSMEs: Exploring the Roles of Tax Moral, Incentives, and Trust in Government Fadhilatunisa, Della; Hajar Dewantara; Andika Isma; Masdar Ryketeng; Muhammad Nurfaizy Hamdan
Quantitative Economics and Management Studies Vol. 6 No. 2 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3873

Abstract

This study addresses the persistent challenge of low tax compliance among Micro, Small, and Medium Enterprises (MSMEs), a sector that plays a vital role in economic growth and state revenue generation. Despite their strategic significance, MSMEs often demonstrate inadequate compliance with tax regulations due to a range of psychological, institutional, and financial factors. The objective of this research is to examine the influence of tax moral, tax incentives, and trust in government on the tax compliance intentions of MSME actors. Employing a quantitative research approach with a cross-sectional survey design, the study targeted MSME owners and managers in Makassar as its population. Respondents were selected through stratified random sampling to ensure representation across different business sizes and sectors. Data were collected using a structured questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that tax moral, tax incentives, and trust in government each have a significant positive effect on MSMEs’ tax compliance intentions, with tax moral emerging as the most influential factor. These results highlight the necessity for integrated policies that strengthen ethical tax awareness, optimize incentive programs, and improve public trust in government institutions. The study’s implications suggest that such multidimensional strategies are essential for enhancing voluntary tax compliance. However, the research is limited by its focus on a specific regional context and cross-sectional design, indicating the need for broader and longitudinal investigations in future studies.
The Effect of Service Quality on Customer Satisfaction at Asrin Cafe in Langkat Arini, Rizky Mega; Rahmi, Audina; Sinaga, Ananda Sabrida Tora Boru; Muthmainnah, Riyadatul; Hidhayati, Annisa Tri
Quantitative Economics and Management Studies Vol. 6 No. 2 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3879

Abstract

This study investigates the effect of service quality dimensions-tangibility, reliability, responsiveness, assurance, and empathy on customer satisfaction at Asrin Cafe in Langkat, North Sumatra. Using a sample of 30 respondents, data were collected via questionnaires and analyzed through multiple linear regression with SPSS. The findings reveal that responsiveness and empathy significantly influence customer satisfaction, while the other dimensions do not exhibit individual significance. However, jointly, all five dimensions positively and significantly impact customer satisfaction. The adjusted R-square of 0.522 indicates that service quality accounts for 52.2% of the variance in customer satisfaction. This study underscores the critical role of responsiveness and empathy in enhancing service experiences.
Adoption of Digital Technology and Sales Performance Improvement among Indonesian SMEs: A Mixed-Methods Analysis Naibaho, Ronald; Effiyaldi, Effiyaldi; Nurhadi, Nurhadi; Suratno, Eddy; Pasaribu, Johni Paul Karolus
Quantitative Economics and Management Studies Vol. 6 No. 2 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3890

Abstract

This research aims to analyze the impact of digital technology adoption and digital literacy on improving the sales performance of MSMEs in Indonesia, with customer satisfaction as a mediating variable. A quantitative approach was used with the path analysis method on 200 MSME actors from four different provinces. Data were collected through closed questionnaires and analyzed using SmartPLS. The results of the study show that both digital technology adoption and digital literacy have a positive and significant effect on customer satisfaction. Customer satisfaction was also proven to play a significant mediating role in improving sales performance. The R-square value of 0.607 indicates that the model has a sufficiently high explanatory power for the dependent variable. These findings confirm that the success of MSME digitalization does not only depend on the use of technological tools, but also on the understanding of business actors in managing customer service digitally. The government and stakeholders need to provide strategic interventions through digital literacy training, infrastructure provision, and inclusive sector-based policies. This research provides an empirical contribution to the digital entrepreneurship literature, as well as practical implications for the development of MSMEs in the era of digital economic transformation. Further research is recommended to add variables such as customer loyalty and operational efficiency to the model, and to apply a longitudinal approach to observe the long-term impact of digital technology adoption.
The Influence of Burnout, Eustress/Distress and Employee Wellbeing on Employee Performance Hakim, Zainal; Maharani, Anita; Pintor Siolemba Patiro, Shine
Quantitative Economics and Management Studies Vol. 6 No. 3 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3911

Abstract

This study aims to analyze the effect of burnout, eustress/distress, and employee wellbeing on employee performance . The study used quantitative methods with data collection through surveys of permanent employees who worked before and during the pandemic. The research sample was taken using simple random sampling technique with a minimum number of 50 respondents. Data collection was carried out through an online questionnaire, and data analysis was carried out using descriptive statistics with presentation in tabular form, mean, and standard deviation. The results showed that burnout has a significant negative effect on employee performance, while eustress has a significant positive effect. Employee wellbeing was also shown to have a positive effect on employee performance, indicating that employees who feel emotionally and psychologically wellbeing tend to perform better. The conclusion of this study is that companies should pay attention to employees' burnout and wellbeing conditions to maximize their performance, especially in facing post-pandemic challenges in the New Normal era. These findings can be the basis for company management to develop strategies to improve wellbeing and manage stress in the work environment so that employee performance remains optimal.
The Effect of Emotional Intelligence on Knowledge Sharing with Trust as a Moderator Variable: The Case of Distro Employees in Citarum Village Bandung Lisha Adzanta Firmansyah; Sri Raharso; Tjahjawati, Sri Surjani
Quantitative Economics and Management Studies Vol. 6 No. 3 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3917

Abstract

This research investigates the impact of emotional intelligence on knowledge sharing behavior, with trust serving as a moderating variable, within distro businesses located in the Citarum Subdistrict of Bandung. Operating within the creative economy sector, these businesses encounter intense competition from both domestic and international markets. To maintain their sustainability, it is crucial to enhance emotional intelligence, encourage knowledge-sharing activities, and establish trust among employees. Employing a quantitative approach through surveys, the study gathered data from 179 distro employees. Questionnaires were used as the primary data collection tool, and the data were analyzed using regression techniques. The findings reveal that emotional intelligence has a positive influence on knowledge sharing, and that trust significantly strengthens this relationship by amplifying the effect of emotional intelligence. These results highlight the vital role of trust in creative work settings and offer practical recommendations for distro business stakeholders to foster a collaborative work culture grounded in emotional intelligence and mutual trust.