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Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL)
Published by Transpublika Publisher
ISSN : 28099222     EISSN : 28098013     DOI : https://doi.org/10.55047/marginal
Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) provides a scientific discourse about accounting, business, management, and economic issues both practically and conceptually. The published articles at this journal cover various topics from the result of particular conceptual analysis and critical evaluation to empirical research. The journal is also interested in contributions from social, organization, and philosophical aspects of accounting, business, management and economic studies. MARGINAL goal is to advance and promote innovative thinking in accounting, business, management, and economic related discipline. The journal spreads recent research works and activities from academician and practitioners so that networks and new links can be established among scholars as well as creative thinking and application-oriented issues can be enhanced.
Articles 347 Documents
The Effect of Servant Leadership and Compensation on Employee Engagement Makassar City Tourism Office Citta, Andi Batary; Putro, Guntur Suryo; Arfiany, Arfiany; Syam, Akmal
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1582

Abstract

This study investigates the impact of servant leadership and compensation on employee engagement at the Makassar City Tourism Office in Indonesia. The research addresses a critical gap in understanding how leadership style and compensation strategies affect employee engagement within public sector tourism organizations. Using a quantitative methodology, the study collected data from 50 employees through a mixed-method approach incorporating questionnaires, direct observations, and interviews. Statistical analysis revealed that servant leadership has a significant positive influence on employee engagement, demonstrating that leadership approaches focused on serving and supporting employees can enhance their workplace commitment and involvement. Similarly, compensation was found to have a substantial positive effect on employee engagement, confirming that both financial and non-financial rewards play crucial roles in fostering employee motivation and dedication. The findings provide practical implications for public sector organizations, particularly in tourism management, suggesting that the implementation of servant leadership principles combined with effective compensation strategies can create an optimal work environment that promotes higher levels of employee engagement. This research contributes to the growing body of literature on public sector management and offers valuable insights for policy makers and organizational leaders seeking to enhance workforce engagement in government tourism offices.
Investment Decisions of Generations Y and Z With Financial Literacy as a Moderation Variable in the Era of Digitalization Desda, Mia Muchia; Yuliza, Mai; Satriadi, Satriadi; Desiyanti, Rika; Febianni, Valen; Dini, Dini
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1595

Abstract

Digital investment platforms have made various investment instruments increasingly accessible to younger generations in Indonesia, yet concerns persist about how financial literacy levels impact investment decision-making. This study aims to analyze the influence of financial literacy on investment decisions among Generation Y (millennials) and Generation Z in Indonesia, with financial literacy serving as a moderating variable. The research employed a quantitative approach through a survey of 300 respondents from both generations. Analysis of the data revealed that financial literacy significantly influenced investment decisions, with individuals possessing higher financial literacy demonstrating more measured and information-based investment choices compared to those with lower literacy levels. These findings have important implications for financial institutions, policymakers, and educational institutions in developing targeted financial education programs and risk management strategies for young investors. Based on these findings, this study recommends strengthening financial education initiatives for Generations Y and Z to promote more rational investment decision-making in the digital era.
The Influence of Leadership Style, Communication, and Competence on the Work Spirit of Employees in the Fisheries and Food Service of Pasaman Regency Endarwita, Endarwita; Sari, Ria Widhia; Yurasti, Yurasti
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1600

Abstract

This study examines the influence of leadership style, communication, and competence on employee work spirit at the Pasaman Regency Fisheries and Food Service. The study population included 33 individuals from the mentioned department. The sampling method used in this research was total sampling. Data was gathered through interviews and questionnaires, and analyzed using multiple linear regression. The findings revealed that leadership style significantly affects employee work spirit (p=0.013<0.05), while communication showed no significant impact (p=0.177>0.05). Employee competence demonstrated a significant effect (p=0.040<0.05), and collectively, all three variables showed a significant influence on work spirit (p=0.003<0.05). The coefficient of determination (R²=0.611) indicated that these variables account for 61.1% of the variance in employee work spirit. These findings underscore the importance of effective leadership and competence development in enhancing employee work spirit within public service organizations.
The Effect of Self-Efficacy, Human Resource Quality, Resilience on Burnout and Employee Performance at PT. Penaraya Valencia Jakarta Timur Lau Go’o, Maria Alni; Andjarwati, Tri; Ridwan, Mochammad Sihab
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1606

Abstract

Infrastructure development in Indonesia has progressed significantly, with the government prioritizing public facility improvements in quality and quantity. PT. Penaraya Valencia, a national private consulting firm, supports government and private projects by providing building planning and management consulting services. The company handles diverse projects under varying conditions, requiring efforts to enhance employee performance. However, heavy workloads and challenging situations can lead to stress and burnout, impacting employee performance. This study aims to analyze the effects of self-efficacy, human resource quality, and resilience on burnout and employee performance at PT. Penaraya Valencia in East Jakarta. A sample of 96 employees was analyzed using Structural Equation Modeling (SEM) with SmartPLS software, complemented by SPSS for descriptive analysis. The findings reveal: (1) self-efficacy negatively and significantly affects burnout, (2) self-efficacy positively and significantly impacts employee performance, (3) human resource quality does not significantly affect burnout, (4) human resource quality positively and significantly impacts employee performance, (5) resilience negatively and significantly affects burnout, (6) resilience positively and significantly impacts employee performance, (7) burnout negatively and significantly affects employee performance, (8) self-efficacy significantly influences performance through burnout mediation, (9) human resource quality does not significantly affect performance through burnout mediation, and (10) resilience significantly impacts performance through burnout mediation. These findings emphasize the importance of enhancing self-efficacy, resilience, and human resource quality to minimize burnout and improve employee performance.
The Effect of Workload, Distributive Injustice and Job Burnout on Employee Performance with Quiet Quitting as an Intervening Variable in Employees at Public Works and Highways Department of East Java Province Nugroho, Ario Bagus; Mujanah, Siti; Ardiana, I Dewa Ketut Raka
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1610

Abstract

Human Resource Management has many functions like organizing on how to determine the workload of every employee, controlling their employee’s workload, providing fair and appropriate compensation also integrating the employee’s needs and the organization’s expectation of them. Every workplace which has employees detached, losing motivation and initiative while working because of the workload, tiredness or the feeling of injustice, would most likely disturb their employee performance. This study aimed to test and analyze the effect of workload, distributive injustice and job burnout also analyzed and test the role of quiet quitting on every path of the relationship between these variables on employee performance. This Study used quantitative approach, and questionnaire was distributed via online form to 100 employees of Public Works and Highways Department of East Java Province. Hypothesis testing was carried out by using SEM-PLS algorithm through the Smart-PLS 4 Application. The results of this study indicate that workload, job burnout, and quiet quitting significantly affect employee performance, while distributive injustice does not. Additionally, job burnout significantly influences quiet quitting, whereas workload and distributive injustice do not. As an intervening variable, quiet quitting mediates the relationship between distributive injustice and employee performance, as well as job burnout and employee performance, but not workload and employee performance.
The Effect of ESG Performance on Firm Value with Financial Performance as Mediation in Companies Listed on IDX ESG Leaders in 2020-2023 Rusmana, Rizal Adriansyah Rusmana; Sembiring, Ferikawita Magdalena
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1615

Abstract

The Indonesia Stock Exchange launched the ESG Leaders stock index on December 23, 2020, which contains 30 stocks that have the best ESG assessment and are not involved in controversy. Nevertheless, there has been a decline in the valuation of companies within the index as indicated by a drop in stock prices and Tobin's Q ratios. The primary aim of this study is to investigate the process of how the performance metrics related to environment, social responsibility, and corporate governance impact the value and financial performance of companies through mediation analysis. The study utilized quantitative approaches to analyze a group of businesses listed in the IDX ESG Leaders from 2020 to 2023. The sample selection involved deliberately selecting 25 companies for analysis. The researcher plans to study financial and corporate sustainability reports through panel data regression to analyze secondary data. The results indicate that ESG Performance may not directly influence the value of a company, but it could have a distinct effect on its financial performance. The impact of environmental performance on financial performance is beneficial and significant, whereas social and governance performance has a notably detrimental effect on financial performance. Moreover, a firm's value is positively influenced by financial performance, which can also act as a mediator for the impact of social and governance performance on firm value.
International Migration and Economic Growth in Nigeria Ebimieseigha, Francis
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1619

Abstract

This study seeks to investigate the intricate relationship between intellectual migration and economic growth in Nigeria. Specifically, the study examined how unemployment and corruption drive intellectual migration and assess their implications for Nigeria’s economic growth. Also, the study evaluated the effect of intellectual migration on Nigeria’s innovative capacity and competitiveness. Again, the study analyzed the relationship between intellectual migration and economic growth in Nigeria. Lastly, the study proposed policy recommendations for mitigating intellectual migration and fostering sustainable economic growth. The study adopted a descriptive research design to systematically analyze data trends and patterns of intellectual migration in Nigeria. Data were sourced from International Organization for Migration (IOM), the United Nations (UN), and the World Bank. The study highlighted that intellectual migration, particularly the emigration of skilled professionals, has both positive and negative effects on Nigeria’s economic growth. On one hand, the outflow of human capital contributes to a brain drain, reducing the pool of skilled labor available to drive innovation, productivity, and development within the country. Hence, Nigeria must implement policies that address these root causes and create an environment that encourages skilled professionals to remain in the country.
The Influence of Social Media Marketing, Brand Engagement, and Product Quality on Purchase Decisions Mediated by Purchase Intention (Case Study of Wardah Lipstick Products in Bandung City) Zahro, Ardhya Arifah; Paramita, Veronika Santi
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1629

Abstract

Cosmetics are a very important need for women to maintain their beauty. Due to diverse consumer demand for cosmetics, manufacturers create various cosmetic variants. However, it is different with wardah lipsticks which have experienced a decrease in the sales index according to the top brand index. This research focuses on analyzing how social media marketing, brand engagement, and product quality impact the decision to purchase Wardah lipstick products in Bandung, with purchase intention playing a role as a mediator. The study employs a quantitative methodology and utilizes purposive sampling to gather data from 100 respondents, determined using the Lemeshauw formula. Respondents are Wardah lipstick users in the millennial and Gen Z age ranges. The analysis in this study uses multiple regression and path analysis. The findings reveal that social media marketing, brand engagement and product quality positively significantly affect purchase intention. Social media marketing positively and significantly affect purchasing decisions. Meanwhile, brand engagement and product quality have no effect on purchasing decisions. Purchase intention plays a role in mediating the influence of social media marketing, brand engagement, and product quality on purchase decisions. This study found that purchase intention greatly affects the purchase decision. This study emphasizes the important role of social media marketing, brand engagement, and product quality in consumer decision-making when buying products, especially in the competitive cosmetics market.
The Influence of Environmentally Friendly HRM on Environmentally Friendly OCB: The Mediating Role of Organizational Identification, Job Satisfaction, and Environmentally Friendly Culture Aji, Kristanto Prasetyo; Riani, Asri Laksmi
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1634

Abstract

The goal of this research is to investigate how Green Human Resource Management (GHRM) impacts Green Organizational Citizenship Behavior (G-OCB), with the involvement of organizational identification, job satisfaction, and green culture. The methodology utilised for this study is a survey. The target group for this research comprises of postgraduate students from the Faculty of Economics and Business at Universitas Sebelas Maret, who are currently working in various sectors. A purposive sampling approach was employed, with a total of 140 participants. Analysis of the data was carried out using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study shows that GHRM has a notable impact on organizational identification, but organizational identification has no significant impact on G-OCB. In addition, GHRM has a significant influence on job satisfaction, while job satisfaction does not significantly affect G-OCB. Moreover, GHRM has a significant effect on green culture, and green culture also has a significant impact on G-OCB. The findings suggest that organizational identification does not act as a mediator between GHRM and G-OCB, and job satisfaction does not mediate the relationship either. However, green culture is found to be a mediator in the relationship between GHRM and G-OCB.
Optimizing Mortgage Lending Strategies: A Data-Driven Approach to Enhancing Bank BTN’s Non-Subsidized Credit Model Alghofari, Farid; Winoto, Joyo; Asnawi, Yudha Heryawan
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 2 (2025): MARCH
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i2.1636

Abstract

The rising demand for non-subsidized mortgages in Indonesia has intensified competition among banks, necessitating improvements in credit approval efficiency and risk management. This study evaluates the business model of PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) in the non-subsidized mortgage sector using SWOT analysis and the Analytical Hierarchy Process (AHP) to prioritize strategic interventions. The findings highlight decision-making conflicts, weak initial verification processes, and fraud risks as critical weaknesses, with AHP results ranking Credit Decision-Making Integration (0.54) as the most urgent strategic action. Digital transformation (0.52) presents the greatest opportunity, while competition from more efficient banks (0.49) is the most significant external threat. Managerial implications suggest the necessity of process standardization, AI-driven credit risk assessment, and automation in document verification to enhance efficiency and mitigate fraud risks. Benchmarking against leading competitors like BCA and Mandiri underscores the importance of real-time verification and centralized decision-making in reducing non-performing loan (NPL) ratios. The study provides a data-driven roadmap for Bank BTN to enhance its competitiveness, optimize risk management, and improve operational efficiency. However, limitations include the study’s focus on internal process improvements without extensive consideration of external macroeconomic fluctuations and regulatory changes. Future research should incorporate predictive modeling techniques to refine credit evaluations and explore global best practices in mortgage lending.