cover
Contact Name
Dedi Junaedi
Contact Email
dedijunaedi@mes-bogor.com
Phone
+628118114379
Journal Mail Official
dedijunaedi@mes-bogor.com
Editorial Address
MASYARAKAT EKONOMI SYARIAH BOGOR Institut Agama Islam (IAI) Nasional Laa Roiba Bogor Jl Raya Pemda Pajeleran Sukahati No 41 Cibinong, Bogor 16913 Telp 021-8757150
Location
Kota bogor,
Jawa barat
INDONESIA
Economic Reviews Journal
ISSN : -     EISSN : 28306449     DOI : https://doi.org/10.47467/mrj
Economic Reviews Journal  is a scientific journal published by Masyarakat Ekonomi Syariah Bogor in collaboration with Ikatan Ahli Ekonomi Islam, Institut Agama Islam Nasional Laa Roiba Bogor, and Intellectual Association for Islamic Studies (IAFORIS) . This journal contains scientific papers from academics, researchers and practitioners in the fields of Islamic economics, management, finance, accounting, zakat, waqaf, shadaqah, industries, and business research. E-ISSN 2830-6449
Articles 653 Documents
Analysis of CR, EPS, DER, and PBV on Stock Prices: a Study of The Financial Sector Listed on the Indonesia Stock Exchange in 2019-2023 Febriya Sista Anggreni; C. Tri Widiastuti; Aditiya Pratama Nugroho
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1112

Abstract

This study aims to analyze the effect of the liquidity ratio proxied by the Current Ratio (CR), the Profitability ratio proxied by the Earning per Share (EPS), the Solvency ratio proxied by the Debt to Equity Ratio, and the market ratio proxied by Price to Book Value. In financial sector companies listed on the Indonesia Stock Exchange. The research period is five years, namely 2019-2023. The research population includes all financial companies listed on the Indonesia Stock Exchange during the observation period of 2019-2023 totaling 106 companies. The sample selection technique uses a purposive sampling method. Based on the purposive sampling method, 65 financial companies were obtained as research samples. The data analysis method used is Multiple Linear Regression. The results show that the Current Ratio, Earning per Share have a negative and significant effect on stock prices. Debt to Equity Ratio, Price to Book Value have a positive and significant effect on stock prices. The ability of the independent variables, namely Current Ratio, Earnings per Share, Debt to Equity Ratio, and Price to Book Value, to explain the dependent variable, Stock Price, is 0.360 or 36%, while the remaining 64% is influenced by other factors outside the research model.
Popularitas Thrifting dan Faktor Harga Terhadap Pola Konsumsi Fashion Generasi Z di Denpasar Ni Kadek Dilla Nirmala Adinda Putri; Ni Putu Bayu Widhi Antari; I Gusti Ngurah Widya Hadi Saputra; I Made Suidarma
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1113

Abstract

This study aims to analyze the influence of thrifting popularity and price factors on fashion consumption patterns among Generation Z in Denpasar City. The rapid development of the fashion industry and the widespread use of social media have significantly influenced consumer behavior, particularly among young people. Thrifting has emerged as an alternative consumption practice due to its affordability, uniqueness, and sustainability value. This study employs a qualitative approach using observation, in-depth interviews, and documentation involving 11 informants selected through purposive sampling. Data were analyzed using the Miles and Huberman interactive model, including data reduction, data display, and conclusion drawing. The results show that social media plays a significant role in increasing the popularity of thrifting, which in turn influences the preferences and purchasing decisions of Generation Z. Price is identified as the main factor driving the shift from new fashion products to second-hand items. Additionally, the study reveals a shift toward more economical, trend-oriented, and environmentally conscious consumption patterns. Thus, thrifting reflects not only a trend but also a transformation in lifestyle and consumption behavior among Generation Z.
Branding dan Digital Marketing dalam Optimalisasi Laba dan Financial Sustainability UMKM Rohma Septiawati; Rivan Wibowo; Fista Apriani Sujaya; Mumun Maemunah; Moch Agus Ariffianto; Abdul Husenudin
Economic Reviews Journal Vol. 5 No. 1 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i1.1116

Abstract

This study aims to analyze the role of branding and digital marketing in optimizing profit and financial sustainability of Jamu Bu Bekti MSME in Karawang. This research uses a qualitative approach with observation and interview methods with the business owner. The results show that branding builds business identity and consumer trust, leading to increased sales. Digital marketing expands market reach and enhances customer engagement, thereby increasing revenue. The combination of both contributes to profit growth that supports the long-term financial sustainability of MSMEs. Therefore, branding and digital marketing are important factors in strengthening MSME competitiveness in the digital era.
Pengaruh Inflasi dan Nilai Tukar Terhadap Indeks Saham Syariah Indonesia (ISSI) Sebelum dan Sesudah Pemilu 2024 Siti Mariam; Dedi Junaedi; Evinovita Evinovita
Economic Reviews Journal Vol. 5 No. 1 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i1.1117

Abstract

This study analyzes the impact of inflation and exchange rates on the Indonesia Sharia Stock Index (ISSI) before and after the 2024 Election. Using daily time series data and t-tests, the results show that inflation had a significant negative effect on ISSI before the election, but no significant effect afterward. The exchange rate had a significant negative effect in both periods, with a stronger impact after the election. These findings indicate that the 2024 Election influenced ISSI’s sensitivity to macroeconomic variables and reflect increased investor confidence and greater stability in the sharia stock market post-election.
Pengaruh Harga dan Kualitas Produk Terhadap Kesejahteraan Petani Manggis di Desa Karacak Melalui Pendapatan Rio Kartika; Tia Dita; Sholikul Hadi
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1128

Abstract

This study aims to analyze the direct and indirect influence of price and product quality on the welfare of mangosteen farmers in Karacak Village, with income as an intervening variable. The number of samples was 81 respondents determined through purposive sampling. Data were collected through questionnaires, unstructured interviews, and literature studies. The data analysis method used path analysis with the help of SPSS software version 21. The results of the direct influence study show that there is an influence of price on farmers' welfare and income, while product quality has no effect on farmers' welfare and income. The indirect influence of prices on farmers' welfare through income is quite influential, while the quality of products on farmers' welfare through income is very weak and is considered to have no effect.
Pengaruh Kualitas Pelayanan, Media Digital, Dan Promosi Terhadap Minat Menabung di Bank BTN Syariah Cabang Mataram Jaitun Indriyati; Luluk Fadliyanti; Nadia Nuril Ferdaus
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1130

Abstract

This study aims to analyze the influence of service quality, digital media, and promotion on customers’ saving interest at Bank BTN Syariah Mataram Branch. This research employed a quantitative approach with an associative research design. The population of this study consisted of 15,496 active customers of Bank BTN Syariah Mataram Branch, while the sample consisted of 100 respondents determined using the Slovin formula and purposive sampling technique. Data were collected through questionnaires, while the analysis techniques included validity test, reliability test, classical assumption test, multiple linear regression, t-test, F-test, and coefficient of determination (R²) using SPSS version 22. The results showed that partially service quality, digital media, and promotion had a positive and significant effect on saving interest. Simultaneously, these three variables also had a significant effect on saving interest. The most dominant variable affecting saving interest was digital media. The coefficient of determination indicated that variations in saving interest could be explained by service quality, digital media, and promotion, while the remaining portion was influenced by other factors outside the research model. Therefore, Bank BTN Syariah Mataram Branch is expected to continuously improve service quality, optimize the use of digital media, and strengthen promotional strategies in order to increase public interest in saving.
Pengaruh Diskon dan Gratis Ongkos Kirim Terhadap Keputusan Pembelian Pada Pengguna Tiktok Shop di Kota Makassar Ni Made Sri Utami Dwiyanti; Kerta Widana
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1139

Abstract

This study aims to analyze the effect of discounts and free shipping on purchasing decisions among TikTok Shop users in Makassar City. The study is motivated by the increasing competition in digital business and changes in consumer behavior, where consumers are increasingly active in conducting transactions through social commerce platforms. Promotional strategies such as discounts and free shipping are considered effective in attracting consumer attention and increasing purchase intentions quickly. This research employed a quantitative approach using a survey method by distributing questionnaires to 200 respondents who had made purchases on TikTok Shop. The research data were analyzed using SmartPLS software to determine the relationship between research variables. The results showed that discounts had a positive and significant effect on purchasing decisions with a t-statistic value of 5.876 and a p-value of 0.000. Free shipping also had a positive and significant effect on purchasing decisions with a t-statistic value of 4.952 and a p-value of 0.000. The R-Square value of 0.798 indicated that discounts and free shipping were able to explain purchasing decisions by 79.8%, while the remaining percentage was influenced by other variables outside this study. The findings indicate that price-based promotional strategies play an important role in increasing consumer purchasing decisions on the TikTok Shop platform and can be considered by business actors in determining effective and sustainable digital marketing strategies. This study also reveals that consumers tend to be more responsive to promotions that provide direct financial benefits compared to other promotional strategies. Discounts were found to be the most dominant variable influencing purchasing decisions because they create perceptions of more affordable prices and encourage consumers to make immediate purchases on digital platforms.
Makna Kerja sebagai Ibadah pada Karyawan Muslim di Era Kapitalisme Modern Khusnul Lailia; Abdul Aziz Nugraha Pratama
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1143

Abstract

This study aims to analyze the concept of work from an Islamic perspective through the maqashid al-sharia approach, the concept of falah, and the Islamic work ethic as a foundation for navigating the dynamics of the modern workplace. The study employs a qualitative method using a literature review approach through the analysis of various relevant journals, books, and literature. The results indicate that Islam views work not merely as an economic activity but also as a form of worship and a moral responsibility of humanity as stewards on Earth. The concept of maqashid syariah positions work as a means to safeguard religion, life, intellect, lineage, and wealth, while the concept of falah emphasizes a balanced pursuit of worldly and afterlife well-being. The implementation of the Islamic work ethic is reflected through the values of discipline, trustworthiness, honesty, professionalism, justice, and humane workplace relationships. Furthermore, Islamic spirituality and organizational culture play a crucial role in helping Muslim workers cope with the pressures of productivity, individualism, and materialism in the modern era. Thus, the Islamic perspective offers a work paradigm that is not only oriented toward productivity and material gain but also toward blessings, life balance, and social welfare.
Determinan Nilai Perusahaan Perbankan: Informasi Digitalisasi, Pengungkapan Modal Intelektual, dan Inovasi Produk Hijau David Gabriel; Juniati Gunawan
Economic Reviews Journal Vol. 5 No. 2 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i2.1166

Abstract

This study evaluates the contribution of Digitization Information, Intellectual Capital Disclosure, and Green Product Innovation in optimizing firm value within the banking industry listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Employing a quantitative research design, secondary data were gathered from annual and sustainability reports. Based on the purposive sampling method and outlier adjustments, 42 banks were selected, yielding a total of 200 observations. Panel data regression with a Fixed Effect Model (FEM) estimation was applied as the analytical tool. The findings indicate that transparency regarding Digitization Information and the implementation of Green Product Innovation are proven effective in enhancing firm value through positive market response and investor confidence. Conversely, Intellectual Capital Disclosure, alongside ROA and Firm Size, does not show a significant impact on firm value. This study confirms the validity of Signaling Theory and the Resource-Based View (RBV) regarding the importance of resource management and strategic communication to investors.
Penerapan Akad Musyarakah Mutanaqisah dalam Pembiayaan Modal Usaha: Studi di PT. BPRS Metro Madani Alin Dwi Putri; Suci Hayati; Suraya Murcitaningrum
Economic Reviews Journal Vol. 5 No. 3 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i3.1126

Abstract

This study aims to analyze the implementation of the Musyarakah Mutanaqisah (MMQ) contract in business capital financing at BPRS Metro Madani and to examine customers’ understanding of the partnership and risk-sharing principles embedded in this financing scheme. This research employs a qualitative approach using field research. Data were collected through in-depth interviews and documentation involving bank employees and customers who utilize MMQ financing. The results show that the implementation of MMQ financing at BPRS Metro Madani is conducted through systematic stages, starting from financing application, business feasibility analysis, determination of capital portions and profit-sharing ratios, to the gradual transfer of ownership to the customer. Normatively, the structure of the MMQ contract is consistent with sharia principles as it does not contain elements of riba, provides clear capital contributions, and ensures profit distribution based on mutual agreement between the parties. However, the findings indicate that some customers still have limited understanding of the partnership concept and risk-sharing principles in the MMQ contract, leading them to perceive the financing as a routine installment obligation. In addition, no cases of business loss requiring loss sharing between the bank and customers were found during the period studied, as the bank applies business feasibility analysis and risk mitigation prior to financing approval. This study contributes by highlighting the gap between the theoretical concept of risk sharing in Islamic financing and customers’ understanding in the practical implementation of MMQ financing, emphasizing the importance of strengthening customer literacy regarding partnership-based contracts in Islamic financial institutions.