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Contact Name
GENESIS SEMBIRING DEPARI
Contact Email
genesissembiring@gmail.com
Phone
+6285359562521
Journal Mail Official
admin@formosapublisher.org
Editorial Address
Jl. Ir Juanda No 56b, Medan
Location
Unknown,
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INDONESIA
Indonesian Journal of Business Analytics (IJBA)
ISSN : -     EISSN : 28080718     DOI : https://doi.org/10.55927/ijba.v2i1
Core Subject : Economy, Science,
Indonesian Journal of Business Analytics (IJBA) is a peer-reviewed journal providing a space for both practitioners and academics for disseminating research results that work in Business Analytics and related fields. IJBA provides an outlet for the increasing flow of interdisciplinary research cutting across business, business data mining, predictive analytics, descriptive analytics, prescriptive analytics, Quantitative business method, management, finance, information system, accounting, Entrepreneurship, Business ethics, Sustainability, Knowledge Management, Learning Organization and economics disciplines. It is an essential reading for academics, graduate students, policy makers and business practitioners. IJBA publishes articles twice in a year on April and October.
Articles 534 Documents
The Effect of Green Investment and Corporate Social Responsibility (Csr) on Financial Performance With Environmental Performance as a Moderating Variable in Energy Sector Companies on the Idx Putri Panangguhan; Maiyaliza; Agustina
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16525

Abstract

This study aims to analyze the influence of Green Investment and Corporate Social Responsibility (CSR) on financial performance measured using Return on Assets (ROA) with Environmental Performance as a moderating variable in energy sector companies listed on the Stock Exchange. Indonesia (BEI) period 2021–2024. Study This use This study uses a quantitative approach with secondary data obtained from annual reports, sustainability reports, and the PROPER rating issued by the Ministry of Environment and Forestry. The research sample consisted of 10 energy sector companies with a total of 40 observations. The analytical method used is panel data regression with the Fixed Effect Model (FEM) and Moderated Regression Analysis (MRA) using EViews software. The results of the study show that Green Investment does not have a significant effect on ROA, indicating that green investment has not been able to provide a direct impact on the company's financial performance in the short term. Meanwhile, Corporate Social Responsibility (CSR) has a positive and significant effect on ROA, indicating that CSR disclosure can improve the financial performance of energy sector companies. Furthermore, Environmental Performance is unable to moderate the effect of Green Investment on ROA, but it is able to moderate and strengthen the effect of CSR on ROA. These findings indicate that the effectiveness of CSR in improving financial performance will be stronger if supported by by performance environment company Which Good. Study This provide implications that strategy sustainability company sector energy need emphasizes the quality of CSR implementation and environmental performance as important factors in improving financial performance.
Synergy of Ethical Leadership and Emotional Intelligence to Increase Employee Job Satisfaction Muharti; Albafery; Darimi
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16527

Abstract

This study aims to analyze the synergy of ethical leadership and emotional intelligence in improving employee job satisfaction. The research location was at the Garuda Health Center in Pekanbaru City with a sample of 44 employees selected through accidental sampling techniques. The data was analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach with the help of SmartPLS software. The results showed that ethical leadership had a significant positive effect on job satisfaction (original sample = 0.503; p = 0.000), and emotional intelligence also had a significant positive effect on job satisfaction (original sample = 0.469; p = 0.000). The combination of these two variables forms an effective synergy model with a contribution of 78.2%. These findings indicate that the culture of leaders' discussions in solving problems and listening to subordinate input is able to generate optimal employee job satisfaction.
The Impact of Perceived Ease of Use and Financial Self-Efficacy on Financial Loyalty: The Mediating Role of Trust Niken Amelia; Mardiyani
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16531

Abstract

This study aims to examine the effects of perceived ease of use and financial self-efficacy on financial loyalty, with trust as a mediating variable, among Generation Z digital bank customers in Cirebon. A quantitative approach was employed using an online survey with 150 respondents selected through purposive sampling. Data were analyzed using Structural Equation Modelling–Partial Least Squares (SEM-PLS) with SmartPLS 4. The results show that perceived ease of use and financial self-efficacy positively influence trust and financial loyalty. Trust is also found to mediate these relationships. These findings imply that improving system usability and financial capability can strengthen customer trust and enhance loyalty in digital banking.
Company Capability as a Driver of Corporate Sustainability Performance in the Submarine Cable Ecosystem in Indonesia Nanang Hendarno; Sulaeman Rahman Nidar
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16532

Abstract

This study aims to test and analyze the influence of company capability on corporate sustainability performance in the submarine cable industry in Indonesia. The study uses a quantitative approach with  the Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis method. The research population is 27 companies operating in the submarine cable industry in Indonesia. The results of this study show the significant role of company capability in driving corporate sustainability performance in the submarine cable ecosystem in Indonesia.  Technological capability is a dimension that plays a dominant role in strengthening company capability in supporting the achievement of corporate sustainability performance. The results of this study provide a theoretical contribution by integrating RBV and dynamic capability in the framework of the submarine cable industry in Indonesia. The managerial implication for corporate management in the submarine cable ecosystem in Indonesia, is the need for strategic investment in technology capabilities.
Digital-Sensory Confluence in Hotel Brand Experience Formation: a Multi-Case Study on Grand Mercure Malang Mirama, the Alana Malang, and Bobobox Malang Suprapto; Wening Patmi Rahay; Agus Hermawan
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16563

Abstract

Hotel competition is no longer determined solely by price and amenities, but rather by the brand's ability to build digital expectations that are consistent with guests' sensory experiences at service sites. This article aims to formulate a digital-sensory congruence model in the formation of hotel brand experiences using the context of three hotel brands in Malang City that have different positions: Grand Mercure Malang Mirama, The Alana Malang, and Bobobox Malang. The article was compiled as a conceptual study based on exploratory multi-case design through the synthesis of digital branding literature, online brand experience, sensory marketing, servicescape, and hospitality experience. The analysis yielded three conceptual findings. First, digital branding functions as a gateway to experience through websites, social media, online travel agents, online reviews, photos, videos, and applications. Second, sensory marketing is proof of the brand's promise through visual, auditory, olfactory, tactile, and gustatory stimuli that affect the perception of quality, comfort, trust, and memory of the experience. Third, congruence between digital appointments and actual sensory experiences is an important mechanism that bridges pre-stay expectations with post-stay satisfaction and advocacy. The contribution of this article is to offer a conceptual model, research proposition, as well as an empirical validation agenda for the development of a more measurable, ethical, and experience-oriented hotel branding strategy.
The Impact of Sales Growth and Digital Revenue on Financial Performance in Digital Companies in Indonesia Ario Purdianto; Auryn Shafarina
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16587

Abstract

This study aims to analyze the influence of Sales Growth and Digital Revenue on Financial Performance in digital companies in Indonesia for the period 2022–2024. The rapid development of the digital economy is not always accompanied by increased company profitability, so it is necessary to examine the factors that influence financial performance. This study uses a quantitative approach with a multiple linear regression method on 60 digital companies selected using a purposive sampling technique. Financial Performance is measured using Return on Equity (ROE), Sales Growth is measured based on annual revenue growth, while Digital Revenue is measured using Digital Revenue Share (DRS), which is the ratio of digital revenue to total company revenue.The results of the study indicate that Sales Growth has a positive and significant effect on ROE. Digital Revenue also has a positive and significant effect on ROE and has a more dominant influence than Sales Growth. Simultaneously, Sales Growth and Digital Revenue have a significant effect on Financial Performance with an Adjusted R Square value of 0.895, indicating that 89.5% of the variation in ROE can be explained by these two independent variables. These findings indicate that successful digital monetization through increased digital revenue is a key factor in improving the financial performance of digital companies.
Dynamics of Crude Palm Oil and Fresh Fruit Bunches Prices in the Era of Biodiesel Policy in Indonesia Muhammad Farhan Kurniawan
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16595

Abstract

This study aims to analyze the dynamics of Crude Palm Oil prices and Fresh Fruit Bunches prices in the era of biodiesel policy in Indonesia. The study employs a quantitative approach using the Vector Error Correction Model method to examine both short-run and long-run relationships among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The data used in this study consist of monthly time series data from 2021 to 2025 obtained from Statistics Indonesia, Bank Indonesia, the Palm Oil Plantation Fund Management Agency, and the World Bank Commodity Price Data. The results show that Crude Palm Oil prices and Fresh Fruit Bunches prices experienced significant fluctuations during the study period. The Johansen cointegration test indicates the existence of a long-run relationship among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The implementation of biodiesel policy increased domestic demand for Crude Palm Oil, thereby affecting the dynamics of Indonesia’s palm oil market prices. In addition, Fresh Fruit Bunches prices tended to follow the movement of Crude Palm Oil prices, indicating the existence of a price transmission mechanism between the downstream and upstream sectors of the palm oil industry in Indonesia. This study also reveals that Indonesia’s palm oil market has become integrated with the global energy market, implying that changes in global energy prices and biodiesel policy can influence the stability of domestic palm oil commodity prices.
Does Financial Distress Delay Financial Reporting? The Moderating Role of Corporate Governance in Property and Real Estate Firms Anak Agung Putu Gede Bagus Arie Susandya; Anantawikrama Tungga Atmadja; I Made Pradana Adiputra; Desak Nyoman Sri Werastuti; Putu Sukma Kurniawan
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16603

Abstract

This study examines whether financial distress delays financial reporting and whether corporate governance moderates this relationship in Indonesian listed property and real estate firms. Financial reporting delay (FRD) is measured using audit report lag, defined as the number of days between the fiscal year-end and the date of the independent auditor’s report. A higher FRD value indicates longer reporting delay and lower financial reporting timeliness. Financial distress is measured using a dummy variable based on the modified Altman Z-Score classification, while corporate governance is measured using a Corporate Governance Index based on ASEAN Corporate Governance Scorecard dimensions. Using 216 firm-year observations from Indonesian listed property and real estate companies during 2022–2024, the study applies moderated regression analysis. The findings show that financial distress has a positive and significant effect on FRD, indicating that distressed firms experience longer reporting delays. Corporate Governance Index has a negative and significant effect on FRD, suggesting that stronger governance reduces reporting delay. Moreover, the interaction between financial distress and corporate governance is negative and significant, indicating that corporate governance weakens the delay effect of financial distress. These findings highlight the importance of governance quality in maintaining timely audited reporting under financial pressure.
Strengthening Msme Branding Competencies Through Social Media-Based Problem Based Learning (Pbl) in the Context Of Student Business Management Winda Widya Dini; Feriandy; Deni Indra Purnama Koto
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16618

Abstract

This study aims to analyze the effectiveness of implementing the Problem Based Learning (PBL) method assisted by social media in improving students’ MSME branding abilities from a business management perspective. The background of this study is based on the still limited practical abilities of students in implementing digital branding strategies relevant to business needs. The research method used is Classroom Action Research (CAR), conducted in two cycles, including the stages of planning, implementation, observation, and reflection. The research subjects were Management Study Program students taking the Social Media Technology course. Data collection techniques were carried out through observation, performance assessment, documentation, and questionnaires, while data analysis used qualitative and quantitative approaches. The results of the study indicate a significant improvement in students’ abilities in the aspects of branding strategy planning, content creativity, and MSME social media management, with the average score increasing from 66.7 in Cycle I to 83.3 in Cycle II. In addition, there was an increase in student participation, collaboration, and active involvement in the learning process. These findings indicate that the integration of PBL with social media is able to create contextual, applicable, and experience-based learning that is relevant to modern business management practices, particularly in digital marketing and MSME development.
The Mediating Role of Professionalism in the Relationship Between Organizational Culture, Transformational Leadership, and Asatidz Performance Muhammad Salim Faroghy; Bibin Rubini; Iyan Irdiyansyah
Indonesian Journal of Business Analytics Vol. 6 No. 3 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v6i3.16619

Abstract

This study examined the effects of Pesantren Organizational Culture and Transformational Leadership on Asatidz Performance, with Professionalism as a mediating variable. The study employed a quantitative approach using Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 150 asatidz selected through proportionate stratified random sampling from several pesantren institutions. The analysis applied the Higher-Order Construct approach with the disjoint two-stage method using SmartPLS 4. The results showed that Professionalism had the strongest positive effect on Asatidz Performance. Pesantren Organizational Culture significantly influenced both Professionalism and Asatidz Performance. Transformational Leadership significantly affected Professionalism but did not directly influence Asatidz Performance. Mediation analysis revealed that Professionalism partially mediated the relationship between Pesantren Organizational Culture and Asatidz Performance, while fully mediating the relationship between Transformational Leadership and Asatidz Performance. These findings indicate that professionalism is the primary mechanism through which organizational culture and leadership contribute to improving the performance of asatidz. The study highlights the importance of strengthening professional values, organizational culture, and leadership practices to support sustainable performance improvement in pesantren educational institutions.