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INDONESIA
Journal of International Conference Proceedings
Published by AIBPM Publisher
ISSN : 26220989     EISSN : 2621993X     DOI : https://doi.org/10.32535/
JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online publication of each proceedings is sponsored by the conference organizers and hence no additional publication fees are required. JICP helps the Conference Organisers to increase impact of their conference with Online Abstract Book and also fullpaper book and Indexed Publication of the abstracts. JICP has vision which is to publish scholarly empirical and theoretical research articles, offering the authors and readers alike an academic rigor as well as professional development.
Arjuna Subject : Umum - Umum
Articles 1,545 Documents
Analysis of The Influence of Working Capital, Liquidity and Solvency on Profitability in The Mining Industry Listed on The Indonesia Stock Exchange (Idx) For The Period 2020-2024 Pongpare, Novridanty; Antoh, Alfiana; Karoma, Yulianti
Journal of International Conference Proceedings Vol 8, No 3 (2025): 2025 UICEB Papua Proceeding
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i3.4281

Abstract

This study aims to analyze the influence of working capital, liquidity, and solvency on profitability in the mining industry listed on the Indonesia Stock Exchange (IDX) for the 2020-2024 period. The research method used is a quantitative approach using secondary data in the form of annual financial statements of 25 mining companies for five years, resulting in a total sample of 125 samples. The data analysis technique used was multiple linear regression based on panel data which was analyzed using the EViews 12 application. The results of the study show that working capital (WCT) positively has no significant effect on profitability (NPM), liquidity (CR) negatively does not have a significant effect on profitability (NPM), while solvency (DAR) has a significant effect on profitability (NPM), working capital variables, liquidity and solvency have a significant effect on company profitability simultaneously. The adjusted R square value of 4.27% indicates that working capital, liquidity, and solvency together explain only a small fraction of the variation in profitability, while the rest is influenced by other factors outside of this study.
The Investigation of Maqashid Syariah Index Determinants and its Implication Towards Worls Sustainability: A Comparison of Islamic Bank in Indonesia and Malaysia Nadia, Nurun; Muflih, Muhammaf; Ruhadi, Ruhadi
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4180

Abstract

This study investigates the impact of financial, social, and Shariah compliance dimensions on the Maqashid Syariah Index (MSI) in Islamic banks, focusing on a comparative case analysis of sixteen banks (eight from Indonesia and eight from Malaysia) during 2019-2024. The financial dimension is measured using ROA, CAR, FDR, and NPF; the social dimension is represented by ZPR and QH; and Shariah compliance is proxied by the frequency of Shariah Supervisory Board meetings. Panel data were analyzed using the Fixed Effect Model (FEM) for Indonesia and the Random Effect Model (REM) for Malaysia. The results indicate that ROA, FDR, and ZPR significantly affect MSI in Indonesia, reflecting both operational efficiency and zakat-based redistribution. In Malaysia, CAR, FDR, QH, and SSB significantly influence MSI, highlighting the importance of capital strength, social finance, and governance. Rather than generalizing to the entire Islamic banking industry, the study is framed as a country-specific comparison that illustrates how institutional and regulatory contexts shape the realization of Maqashid Syariah principles in Indonesia and Malaysia.
Economics, Business and Management (EBM): Theoretical Logic, Practical Value, and Future Paths Ganyongxiang, Ganyongxiang
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4219

Abstract

Against the backdrop of the deep integration of the digital economy and the real economy, Economics, Business and Management (EBM)—as an interdisciplinary system integrating multi-disciplinary theories and practical tools—has become a core support for solving complex business decision-making problems and promoting high-quality economic development. This study aimed to systematically clarify EBM’s theoretical connotation, logical framework, practical effects, and development dilemmas. The research adopted literature review, case study, and empirical analysis methods: literature review sorted EBM’s theoretical evolution; case study analyzed 3 typical enterprise applications; empirical analysis used panel data of 32 manufacturing enterprises (2021-2024) to test EBM’s effect. Results showed EBM-oriented management reduced production costs by 7.5%-12.3% and increased total factor productivity by 8.9% on average, with the Epsilon-Based Measure model being 15.7% more accurate than traditional DEA models in environmental efficiency evaluation. Conclusions indicate EBM’s interdisciplinary value, while practical dilemmas like disciplinary barriers require optimization via interdisciplinary integration and digital empowerment. The study enriches interdisciplinary management theory and provides practical references for enterprises’ sustainable development.
Exploring Public Perceptions of Online Project Management Courses: A Qualitative Analysis of Quora Discussions Thomas, Brilliant Fajar Muhammad; Cahyolaksono, Radiktya Dewanto; Zahrah, Azizah Hasina
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4190

Abstract

The growing demand for professionals with project management skills and the low success rate of projects have pushed the growth of online project management courses. While these courses offer flexibility and accessibility, concerns arise regarding their credibility and practical effectiveness. This study explores public perceptions of online project management courses through discussions on Quora. Implementing a qualitative approach, 20 relevant questions and 129 responses were collected and analyzed through thematic analysis with LiGRE software. Framing Theory and Expectancy-Value Theory are used to support the interpretation of findings. Results indicate eleven themes, which complement the finding that the majority of respondents viewed certifications as useful for credibility and early career entry but questioned their long-term worth compared to real-life experience and soft skills. The findings suggest that course providers must emphasize practical applications, recognized partnerships, and broader competencies to improve trust and relevance to the working environment. This study contributes by showing how external framing and individual motivations shape learner decisions in online project management education
Analysis of the Impact of Leadership Change Utilizing Leader–Member Exchange (LMX) Initiatives on Employee Engagement Anggraini, Diska Asri
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4249

Abstract

This study investigates how a leadership transition affects employee engagement at PT XY Indonesia, with a focus on the quality of leader–employee relationships during periods of organizational change. Leadership transitions often bring uncertainty, which can influence how employees connect with and adapt to new leadership approaches. The research applies the Leader–Member Exchange (LMX) theory, which highlights the role of trust, respect, and mutual obligation in leader–follower relationships. Adopting a qualitative case study approach, this study aims to capture in-depth employee perspectives and experiences following a change in top leadership. The findings are expected to provide practical insights into how relational leadership can sustain or enhance employee engagement during change. This research is particularly relevant for human resource professionals and leaders seeking to support workforce morale, commitment, and motivation in the face of transitions, and to understand the relational strategies that can help employees remain engaged throughout periods of organizational adjustment.
Analyzing the Influence of Taxpayer Awareness and Sanctions on Compliance in Motor Vehicle Tax Payments: Evidence from Jayapura City Kambu, Hendrik; Urip S, Transna Putra; Titalessy, Pisi Bethania; Somisu, Rut Penina; Harikedua, Alfani Laura; Rumalutur, Tince
Journal of International Conference Proceedings Vol 8, No 2 (2025): 2025 ICPM Thailand Proceeding
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i2.4340

Abstract

Motor vehicle tax is a vital source of Local Own-Source Revenue in Jayapura City, yet low taxpayer compliance continues to hinder optimal revenue collection. This study examines how taxpayer awareness and tax penalties influence compliance with motor vehicle tax payments. Using a quantitative approach, data were collected through questionnaires and analyzed with multiple linear regression to assess both partial and simultaneous effects of the independent variables. The results reveal that taxpayer awareness does not have a significant impact on compliance, as shown by a significance value of 0.886, which is higher than the 0.05 threshold. Conversely, tax penalties demonstrate a positive and statistically significant effect, with a significance value below 0.001. Furthermore, simultaneous testing indicates that both variables significantly affect compliance, with an F value of 31.470 and an R² value of 0.473, meaning that 47.3% of the variation in compliance is explained by the model. These findings suggest that strict and consistent enforcement of tax penalties is more effective in improving taxpayer compliance than relying solely on awareness efforts, offering valuable insights for local governments to enhance motor vehicle tax revenue.
Analysis of Optimal Stock Portfolio Formation Using the Single Index Model Approach for Investment Decisions Sari, Dewi Manggar; Audina, Mutiara; Fantasia, Carina
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4332

Abstract

The aim of this research is to explore the composition that results in an optimal investment portfolio from stocks listed in the IDXQ30 index using the Single Index Model (SIM). This research Time Frame covers January 2021 to December 2024, with 14 consistently listed stocks identified as the initial sample. According to the calculation of Excess Return to Beta (ERB) and the determination of the cut-off point (C*), six stocks were selected as portfolio candidates, namely BMRI, BBCA, UNTR, PTBA, CPIN, and ACES. The final results presented in the optimal weighting table reveal that only four stocks are belong to the optimal portfolio, comprising BMRI, BBCA, UNTR, and PTBA. The greatest portion of the fund allocation was achieved by BMRI at 44.43%, followed closely by BBCA at 44.06%. In contrast, UNTR and PTBA contributed smaller weights of 7.33% and 4.18%, respectively. This composition indicates that the financial sector, represented by BMRI and BBCA, dominates the optimal portfolio, while other sectors provide additional diversification. These findings emphasize that stocks with the highest efficiency in generating returns relative to risk are prioritized in portfolio construction, thereby producing an allocation that balances return potential and risk exposure.
Financial Statement Analysis of PT Indofood Sukses Makmur Tbk Based on the Haval Analysis Framework Youwen, Fan
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4350

Abstract

This study evaluates the financial performance and strategic position of PT Indofood from 2020 to 2024 to examine its development trends and future prospects. Financial ratio analysis is applied to assess liquidity, solvency, profitability, efficiency, and growth, and the macro and micro environment. The results show that Indofood’s short-term solvency and capital structure improved steadily, profitability recovered after a downturn in 2022, and shareholder returns remained stable. However, operational efficiency declined, as reflected in slower receivables and inventory turnover, while revenue growth decelerated, indicating a maturing domestic market and intensifying competition. Overall, PT Indofood company demonstrates stable yet slowing growth. It is recommended that the company consolidate its domestic strengths while accelerating international expansion, particularly in Southeast Asia and Africa, and continuously innovate in healthy and functional food products to meet shifting consumer preferences. In addition, improving supply chain efficiency and employing financial instruments to hedge risks will be critical to sustaining resilience. By integrating financial and strategic analysis, this study provides a systematic evaluation of Indofood’s overall performance, offering practical insights for corporate decision-making as well as valuable reference for research on the food industry in emerging markets.
The Impact of Fiscal Policy on Addressing Economic Inequality in Jayapura City, 2014-2023 Dodop, Debora; Urip S, Transna Putra; Timisela, Stephanny Inagama; Iwo, Lidiah Tereda; Sinaga, Syamsidar; Marey, Dominggus
Journal of International Conference Proceedings Vol 8, No 2 (2025): 2025 ICPM Thailand Proceeding
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i2.4198

Abstract

Economic inequality remains a persistent challenge in regional development, particularly in eastern Indonesia, including Jayapura City. This study aims to examine the impact of regional fiscal policy, specifically government expenditure on social programs, education, health, and infrastructure, on income inequality in Jayapura City during the period 2014–2023. The study employs a quantitative approach using multiple linear regression analysis based on secondary data obtained from the Regional Budget (APBD) and Statistics Indonesia (BPS). The results indicate that, simultaneously, the four categories of regional expenditure do not have a statistically significant effect on income inequality, although the regression model explains 62.2% of the variation in inequality. Partially, social expenditure shows a positive effect that approaches statistical significance, while expenditures on education, health, and infrastructure do not demonstrate a significant influence. These findings suggest that the effectiveness of regional fiscal spending in reducing income inequality in Jayapura City remains limited. Therefore, improvements in the quality of budget allocation, spending efficiency, and targeting accuracy are essential. This study provides important policy implications for local governments in formulating more inclusive and inequality-oriented fiscal strategies.
Analysis Of Abnormal Stock Returns One Week After The First Confirmed Covid-19 Case in Indonesia Ariantara, Made Arvin; Oktayanti, Ni Putu Riza; Astawa, I Made; Manuaba, I Gede Made Bagus Wira; Ariestiani, Ni Wayan; Widiadana, Kadek Alexs Padma
Journal of International Conference Proceedings Vol 8, No 4 (2025): 2025 ICPM Hong Kong
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v8i4.4337

Abstract

This study examines the reaction of the Indonesian capital market to the announcement of the first confirmed COVID-19 case in Indonesia on March 2, 2020, by applying an event study approach to stocks included in the IDX SRI-KEHATI index. The sample consists of 25 companies, with an observation window of 11 trading days (t?5 to t+5) and an estimation period of 60 days. Abnormal returns were calculated using the market model to identify short-term market reactions to unexpected public information. The results indicate that the majority of stocks experienced negative abnormal returns around the event date, reflecting heightened investor uncertainty. On the announcement day (t?), several major stocks recorded significant negative abnormal returns, such as BBRI (?0.03361), BBNI (?0.03042), BTPS (?0.04307), and a negative accumulated abnormal return (ARTN) of ?0.02313. Although a limited number of stocks, including ASII (0.05942) and ANTM (0.03915), showed positive abnormal returns, the overall average abnormal return (AAR) declined sharply after the event. The cumulative average abnormal return (CAAR) continued to decrease throughout the post-event period, indicating a sustained negative market response. These findings support the semi-strong form of the Efficient Market Hypothesis, suggesting that the Indonesian capital market reacts quickly but unevenly to systemic crisis information

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