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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
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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
Impact Twitter (X) Sentiment to Abnormal Return IDX30 Stocks Elli, Farras Ghazyafi
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.qems4003

Abstract

Abnormal return serves as evidence of investors’ irrational behavior in response to unexpected or dramatic information. Such irrational behavior can be reflected in sentiments expressed on social media platforms such as Twitter (X). Recently, we revealed that sentiments expressed on Twitter (X) could influence stocks return rate. In this study, to analyze the effect of sentiment on Twitter (X) on stock price returns, we observed Twitter (X) sentiment and abnormal returns on IDX30 stocks. This research employs secondary data comprising 23,406 tweets related to 30 IDX30-listed stocks during the observation period fom July 2023 to December 2023. The secondary data were processed into sentiment scores and analyzed using Granger causality to examine the predictive ability of sentiment polarity on abnormal returns of IDX30 stocks. The results show that 5 out of 8 listed companies, that have causal relationship betweet positive sentiment and abnormal return, shows positive evaluation Granger Cause abnormal return. It indicated that positive sentiment could predict the abnormal return. Otherwise, 4 out 11 listed companies, that have causal relationship between negative sentiment and abnormal return, shows negative evaluation Granger Cause abnormal return. It indicated that negative sentiment is driven by abnormal returns. This research contributes to a better understanding of the Efficient Market Hypothesis in the Indonesia Stock Exchange and provides recommendation for improving the prediction of abnormal returns in the market through sentiment polarity analysis.
Analysis of Corporate Tax Turnover Ratio as an Indicator of Taxpayer Compliance Level Putra, Rizki Pratama; Santioso, Linda
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.qems4057

Abstract

This research focuses on assessing tax potential from the aspect of calculating tax ratios, namely CTTOR, GPM, and NPM as one of the indicator tools to explore taxpayer potential in mapping the risk of non-compliance. This research method uses a descriptive type of research with a quantitative analysis approach. The research technique in data collection uses secondary data, namely audited financial reports obtained from the IDX. The analysis tool uses CTTOR, GPM, and NPM by comparing the tax ratios set from the Directorate General of Taxes. The sample of this study is 3 corporate taxpayers engaged in the animal feed sub-sector. The results of this research show that the average values of CTTOR, GPM, NPM in 2022 are 0.69%, 12.09%, and 2.81% while the DGT benchmark is 2.42%, 16.89%, and 4.78% with a difference of 1.73%, 4.8% and 1.97%. Then the average values of CTTOR, GPM, and NPM in 2023 are 0.71%, 11.99%, and 2.04% with a difference of 1.71%, 4.9% and 2.7% on the DGT benchmark. So it can be concluded from the aspects of CTTOR, GPM, and NPM that the level of corporate tax compliance in the animal feed sub-sector is still below the standards set by the DGT. A significant difference that shows the potential for taxes that have not been explored optimally.
Factors Affecting Patient Satisfaction And Revisit Intention At Beauty Clinic Tasek, Brazelton; H.P. Tan, Pauline
Quantitative Economics and Management Studies Vol. 6 No. 6 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems4046

Abstract

This study aims to analyze the factors affecting patient satisfaction and their impact on revisit intention at Youtherna Beauty Clinic in Gading Serpong. This type of research based on its type is quantitative research with surveys . This study uses a survey with a cross-sectional study design based on the time of data collection, where data is collected once in a predetermined period of time. Data collected from October 2024 to November 2024 Data was collected through a questionnaire compiled on a likert scale that allowed respondents to rate the statements presented, such as in the form of the degree of approval or disapproval of the statements, which were then treated as ordinal data. The Likert scale facilitates the measurement of respondents' perceptions and attitudes in a more structured and measurable manner in the context of this study. Tangibility significantly influences both trust and customer perceived value (CPV), while empathy only affects CPV. Other service quality dimensions—reliability, responsiveness, and assurance show no significant effect. CPV positively affects customer satisfaction, which in turn significantly impacts both trust and revisit intention. Trust also significantly influences revisit intention. The model demonstrates moderate predictive accuracy for patient satisfaction (R² = 0.373) and revisit intention (R² = 0.364), indicating its adequacy in predicting patient revisit behavior at Youtherna Clinic.
Value Creation in Nigerian Listed Consumer Goods Firms through Entrepreneurial Cash Management Muojekwu, Hilary Onyebuchi; Ochuka, Chekwube Esther; Nworie, Gilbert Ogechukwu
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.qems4059

Abstract

Firms that fail to embrace entrepreneurial cash management often miss critical growth opportunities, underperform in volatile markets, and struggle to meet investor expectations for long-term value. In Nigeria’s challenging financial environment, overreliance on traditional cash management undermines agility, innovation, and financial resilience, leaving listed consumer goods firms vulnerable to stagnation, competitive decline, and underperformance in the capital market unless they adopt entrepreneurial approaches to managing cash as a strategic asset. This study is therefore necessitated by the need to examine how entrepreneurial cash management (proxy by cash level of firm) on corporate value creation (proxy by firm value-added) in Nigerian consumer goods sector. Ex-post facto research design was deployed on a population of 20 listed consumer goods firms. Purposive sampling was used to select a sample size of 15 firms. Secondary data were gleaned from the annual reports of the firms over a ten year period (2015-2024). In addition to descriptive analysis and other model diagnostics, the hypothesis was tested using panel estimated generalised least squares. The finding revealed that entrepreneurial cash management (indexed by cash level of firm) has a significant positive effect on corporate value creation (indexed by firm value-added) in Nigerian consumer goods sector (β = 0.564707, p = 0.0000). In conclusion, in an environment characterized by fluctuating macroeconomic indicators, high financing costs, and market volatility, internally generated liquidity emerges as a vital entrepreneurial asset that enables firms to create sustainable economic value. The study recommends that Chief Financial Officers (CFOs) of need to institutionalize entrepreneurial cash management systems that emphasize strategic liquidity optimization as a deliberate value-creation mechanism by adopting dynamic cash flow forecasting tools, scenario analysis, and contingency planning frameworks that are proactive and data-driven.
Can we participate in global value chains in the dark? An empirical study in Africa Sikadi, Djamila Piameu; Oumbe, Honoré Tekam; Moteng, Ghislain; Kengne, Arnold Foko
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.qems4095

Abstract

This study analyses the effect of electricity access on participation in global value chains (GVCs) in 41 African countries between 1990 and 2018. By mobilizing static (fixed effects) and dynamic (two-stage GMM) panel methods, the results show that better access to electricity significantly favours integration into GVCs. The effect remains robust to different measures of electrification and GVC participation. The results also highlight that disparities in access to electricity between urban and rural areas can reinforce unequal integration into global value chains, and that participation is largely determined by the use of fossil fuels. Based on these findings, the study recommends investing in inclusive and sustainable electrification, particularly in rural and industrial areas, and establishing green regulatory frameworks to encourage the adoption of cleaner energies.
Customer Behavior in the Processed Wood Industry during Post Covid-19 Pandemic Afifatus Solehah, Artika; Eddyono, Fauziah
Quantitative Economics and Management Studies Vol. 6 No. 4 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3753

Abstract

As the trend of home renovations increases during the Covid-19 pandemic, a global demand for wood products has declined significantly, mainly due to rising prices. This situation poses a major challenge for wood processing companies, such as PT. Tanahmas Kencana Abadi, which are maintaining its competitive advantage in the middle of increasingly fierce competition and declining consumer purchasing power. Therefore, evaluating customer satisfaction and loyalty is crucial. This study analyzes the factors that influence customer satisfaction and loyalty, focusing on product quality and price. The study population consisted of 50 B2B plywood companies, both domestic and international, selected using a saturated sampling technique. The data collected were analyzed through Smart-PLS, using a Structural Equation Modeling approach focusing on path coefficients and t-tests. The study findings reveal that the environmentally friendly aspect is the most influential factor in the correlation between product quality and customer satisfaction. In addition, customer satisfaction affects customer loyalty and moderates the correlation between product quality and loyalty. In contrast, price does not significantly affect customer satisfaction or loyalty. Based on these findings, companies are advised to improve the certification and marketing communications related to environmentally friendly products to strengthen and enhance their competitive advantage.
Analysis of Consumer Preferences in Assessing the Attributes of the Marketing Mix of RCTI's Live Streaming Christanti, Dyah; Eddyono, Fauziah
Quantitative Economics and Management Studies Vol. 6 No. 4 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3754

Abstract

Over the past decade, RCTI's live television viewership has tended to decline although it experienced an increase, particularly during the Covid-19 pandemic. This decline in traditional media viewership is particularly pronounced in entertainment programs and news broadcasting. Programs that were once exclusively accessible through traditional media can now be accessed on various digital platforms. This study aims to analyze whether consumer preferences, especially those of Generation Z, who are highly connected to technology, have shifted from watching RCTI television to using digital platforms. Based on conjoint analysis, the results show that 96 respondents from Generation Z in Jabodetabek still prefer to watch entertainment, sports, and news programs broadcast during fixed hours. This finding suggests that RCTI should focus on maintaining consistent broadcast schedules and continue innovating in content production to remain competitive in the increasingly crowded broadcasting industry.
The Role of Authentic Leadership in Work Life Balance and Employee Performance with Mediated Employee Engagement Yasmin, Humaira Putri; Rahmawati, Rini
Quantitative Economics and Management Studies Vol. 6 No. 4 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3975

Abstract

Leadership approaches in public sector organizations face distinct challenges in promoting work‒life balance and performance while maintaining employee engagement. Authentic leadership has emerged as a promising framework for addressing these challenges; however, limited research has examined its effectiveness within Indonesian government institutions. This study examines the influence of authentic leadership on work‒life balance and employee performance, with employee engagement as a mediating variable at the Department of Communication and Information Technology (Diskominfo) in Banjarbaru city, Indonesia. Using a quantitative approach with a causal design, this study surveyed 64 employees through a saturation sampling method. The data were analyzed via structural equation modeling-partial least squares (SEM‒PLS) to evaluate both direct and indirect relationships among the variables. Authentic leadership positively influenced work‒life balance (β=0.618, t=5.934, p<0.001) and employee performance (β=0.683, t=9.439, p<0.001). Employee engagement mediated the relationships between authentic leadership and work-life balance (β=0.656, t=6.112, p<0.001) and between authentic leadership and employee performance (β=0.632, t=4.682, p<0.001). The indirect effects of employee engagement (0.454 for work‒life balance; 0.471 for performance) were stronger than the direct effects (0.147 for work‒life balance; 0.229 for performance), confirming the partial mediating role of employee engagement. Authentic leadership significantly enhances work‒life balance and employee performance in public sector organizations, primarily by strengthening employee engagement. Government institutions should prioritize the development of authentic leadership capabilities and the implementation of policies that support employee engagement to optimize both organizational performance and employee well-being.
Factors That Affect The Consumptive Behavior of Paylater Users Jamot Parasian Tambunan, Parada; Mulyati, Heti; Anggraeni, Elisa
Quantitative Economics and Management Studies Vol. 6 No. 4 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3988

Abstract

The rapid advancement of digital transformation has led to innovations in the financial sector, one of which is the paylater service. This service has significantly influenced financial behavior, particularly among millennials in Indonesia. Paylater allows consumers to make purchases immediately and defer payments with flexible terms, making it increasingly popular due to its accessibility. The growing adoption of this service reflects a consumerist trend that may contribute to increased debt, especially in urban areas. This study aims to examine the influence of financial literacy, digital literacy, self-control, lifestyle, and financial behavior on consumer behavior in using paylater services among millennials in Bogor City. A quantitative approach was employed, involving a sample of 280 respondents from diverse age groups, occupations, and educational backgrounds. Data were collected through questionnaires and analyzed using the SEM-PLS technique with SmartPLS. The findings indicate that financial literacy, lifestyle, self-control, and financial behavior have a significant positive impact on consumer behavior, whereas digital literacy does not show a significant influence. This study provides important implications for paylater service providers, the government, and society to enhance financial literacy and self-control, promote responsible lifestyle and financial behaviors, and encourage the wise use of paylater services.
Motivation and Consumers’ Attitudes Mediate The Effect of Social Media toward Purchase Decisions on Generation Z via Market Place Widiawati, Kristiana; Wiladiyah, Lala; Winata, Siti Dewi
Quantitative Economics and Management Studies Vol. 6 No. 4 (2025)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems4004

Abstract

The aim of this research work is to investigate the impact of motivations and attitudes towards social media on Generation Z purchasing behavior in the marketplace. This research is about what affects people’s purchase and how social media can be used in good ways in order to succeed as a marketer. The research method is a quantitative with analytical tool SMART PLS. The respondents from Generation Z in Jabodetabek as many as 236. The path analysis was used to assess the association of the variables studied. Influence on Purchase Decision The findings from the study reveal that social media has a direct as well as indirect impact on the consumer purchase decision (via consumer motivation and attitude). It can be concluded, from the path coefficient value, that motivation has a very significant effect on to purchasing decision (all hypotheses are accepted).