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INDONESIA
JURNAL ECONOMINA
Published by Sekolah Tinggi Ilmu Ekonomi 45 Mataram
ISSN : 29631181     EISSN : 29631181     DOI : https://doi.org/10.55681/economina
Core Subject : Economy,
Economics, Econometrics & Finance
JURNAL ECONOMINA (JE) is a peer-reviewed journal which publishes original research papers. ECONOMINA has been published since 2022. It is currently published every month a year with e-ISSN: 2963-1181. The Digital Object Identifier (DOI) is assigned to each published article and the journal is indexed by Crossref, GARUDA, Neliti.Com, Dimensions and Google Scholar. Areas of research include, but are not limited to Global Business, Transition Issues, Economic Growth and Development, Economics of Organizations and Industries, Finance and Investment, Strategic Management, Human Resources, Marketing, Innovations, Public Administration and Accountancy.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 373 Documents
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Analysis of Customer Self-Congruity Factors Influence on Customer Loyalty of SME Coffee Shop in Indonesia David Ricardo Santoso; Edwin; Setiadi, A. S.
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2611

Abstract

This study will take the scope of the food and beverage industry sector in SME scale. This study will approach coffee shop sub-sector in management and psychological perspective. This study focuses on how self-congruity becomes a factor that moderates the relationship between service quality and brand image on customer satisfaction and customer satisfaction effect on customer loyalty in coffee shop businesses in Indonesia. The approach will be taken with a quantitative approach and structural equation modeling. This study found that in coffee shop customers self-congruity strengthens a positive impact on service quality and brand image. Self-Congruity plays an important role in dealing with customer perceptions of their brand loyalty.
The Role of Capital Structure, Profitability, and Dividend Policy on Firm Value in Indonesian Manufacturing Companies Andika Putra; Muizzuddin; Kemas Muhammad Husni Thamrin
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2612

Abstract

This study examines the effects of financial leverage (DER), profitability (ROA), and dividend policy (DPR) on firm value (Tobin’s Q) among manufacturing companies listed on the Indonesia Stock Exchange over the 2018–2024 period, grounded in Agency Theory. The sample was obtained through purposive sampling from an initial pool of 93 companies, resulting in 69 companies after the exclusion of 24 firms containing residual outliers via entity-level removal, yielding 483 observations in a balanced panel dataset. The Fixed Effect Model was employed, with bootstrapping (10,000 replications) for robust inference. Results indicate that financial leverage and profitability positively and significantly affect firm value, with profitability as the most dominant determinant, while dividend policy shows no significant effect. Simultaneously, all three variables are significant. These findings confirm the empirical relevance of Agency Theory in Indonesian manufacturing firms.
Revitalizing Oluhuta Paradise Through Community Based Tourism: Local Economy and Sustainable Tourism Henro Nento; Apdul Gandi Igirisa; Kurniadi K. Hasan; Mohamad Fadly Binolombangan
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2617

Abstract

This study aims to identify appropriate revitalization strategies for the management of the Oluhuta Paradise tourist attraction through a Community Based Tourism (CBT) approach to improve the local economy and achieve sustainable tourism. Oluhuta Paradise, located in Bone Bolango Regency, Gorontalo Province, has untapped tourism potential, with the main challenges being minimal infrastructure and low community participation in its management. This study uses a qualitative descriptive approach with data collection techniques through in-depth interviews, field observations, and documentation studies. The results show that the application of the CBT model, which places local communities as the main actors in the planning, management, and utilization of tourism resources, can encourage community empowerment and create a more equitable distribution of benefits. In addition, the integration of sustainable tourism principles in the CBT model can ensure environmental sustainability and environmentally friendly natural resource management. This study also highlights the importance of community involvement in every stage of revitalization, from planning to implementation, to achieve long-term social, cultural, and economic sustainability.
Local Community Empowerment Strategies In Developing Green Entrepreneurship In Climate Villages Poppy Alvianolita Sanistasya; Lailatul Hijrah; Kayla Farya Arniandis; Filemon Youventis Masi
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2619

Abstract

This study aims to formulate a local community empowerment strategy to drive a community based green entrepreneurship transition within the Climate Village (Kampung Iklim) program in the buffer zone of the New Capital City of Indonesia (Ibu Kota Nusantara - IKN), East Kalimantan Province. A qualitative approach was employed, utilizing interactive data condensation and a Litmus Test via Urgency, Seriousness, and Growth (USG) analysis, involving four climate villages and eight informants comprising village government officials and climate village administrators. The findings reveal that grassroots governance dynamics vary significantly. Furthermore, the analysis identifies management digitalization and transparency as the highest priorities for maintaining collective community trust. This study offers practical contributions to grassroots circular business models aimed at supporting sustainable regional climate resilience
Influence Literacy Islamic Finance and Motivation for Saving Interest of Islamic Economics Study Program Students at Bank Syariah Indonesia Sahfira Handayani; Rafiuddin Rafiuddin; Dinah Husniah
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2624

Abstract

This study is motivated by the gap between students understanding of Islamic economics and their actual behavior in utilizing Islamic banking services. It aims to examine the effect of Islamic financial literacy and motivation on students saving interest in Bank Syariah Indonesia. A quantitative approach with a causal associative design was employed. Data were collected through questionnaires from 64 students of the Islamic Economics Study Program selected using simple random sampling. The data were analyzed using multiple linear regression. The findings reveal that partially, Islamic financial literacy does not significantly influence saving interest, whereas motivation has a positive and significant effect. Simultaneously, both variables significantly affect saving interest, with a coefficient of determination of 82.75%. These results indicate that motivational factors play a more dominant role than cognitive aspects in shaping students financial behavior. This study contributes to the Islamic finance literature by emphasizing the importance of integrating financial literacy and motivation in enhancing Islamic financial inclusion. Practically, the findings provide insights for Islamic banking institutions to design strategies that not only focus on improving financial knowledge but also on strengthening students motivation as potential customers.
Construction of the Meaning of Honesty as Social Accountability in PAD Reporting Ritma Tri Astuthy; Alimuddin; Syarifuddin
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2629

Abstract

This study aims to construct the meaning of honesty as a form of social accountability in reporting Regional Original Revenue (PAD) at the Regional Revenue Agency of Taliabu Island Regency. This study uses a qualitative approach with a phenomenological method. Data were obtained through in-depth interviews with three informants, namely the Head of Bapenda, the Head of Revenue Division, and the Treasurer of Bapenda Receipts of Taliabu Island Regency. Data analysis was carried out through data reduction, theme categorization, interpretation of meaning, and drawing conclusions. The results of the study indicate that honesty in PAD reporting is constructed in five main meanings, namely honesty as a match between data and facts, honesty as the courage to convey PAD realization as it is, honesty as a public mandate, honesty as a moral control mechanism, and honesty as a basis for social accountability. The research findings indicate that PAD reporting is not only interpreted as an administrative and technical process, but also as a social practice that contains moral, legal, and public responsibilities. Honesty is an important foundation in building transparency, strengthening public trust, and producing accountable regional financial information. This research contributes to the development of public sector social accounting studies by placing the value of honesty as an important element in the practice of accountability in regional financial reporting.
Implementation of Islamic Business Ethics in Padang Restaurant Businesses in Ambon City Nirmala Mada Ali; Yusdiman Yusdiman; Kamala Soleman; Reza Abdulmudy
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2649

Abstract

This study aims to analyze the implementation of Islamic business ethics in Padang restaurants in Ambon City and their compliance with Islamic business ethics principles. The study used a qualitative descriptive method with a purposive approach and theoretical sampling. The research informants consisted of owners, employees, and customers from six Padang restaurant businesses: Ayah Restaurant, Ayah Kembar Restaurant (two locations), Nusantara Restaurant (two locations), and Putra Minang Restaurant. Data collection techniques included in-depth interviews, direct observation, and documentation. Data analysis was carried out through data reduction, data presentation, and conclusion drawing. The results showed that the four characteristics of the Prophet Muhammad (peace be upon him): shiddiq (honest), amanah (trustworthy), fathanah (intelligent), and tabliqh (communicative) have been internalized by the restaurant owners and taught to employees. Honesty is the main foundation in product management, amanah is realized through responsibility and service, fathanah is reflected in business strategies and knowledge, and tabliqh is implemented through friendly and polite communication. In terms of product quality and service, all restaurants demonstrated adherence to the principles of halal certification, cleanliness, freshness, and hospitality. This study concluded that Islamic business ethics have been substantially implemented in Padang restaurants in Ambon City, although there is still room for improvement, particularly in documentation and consistency.
The Influence of Service Quality on Consumer Loyalty with the Mediation of Customer Satisfaction on Dahirang Kapuas Antique Souvenirs Aryawan Aryawan; Usup Riassy Christa; Meitiana Meitiana; Vivy Kristinae
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2650

Abstract

This study aims to analyze the effect of service quality on consumer loyalty through customer satisfaction at Antique Souvenirs in Dahirang, Kapuas, Central Kalimantan. This topic is important because local souvenir retail businesses need to maintain competitiveness through reliable, responsive, informative, and customer-oriented service experiences. The study used a quantitative explanatory approach involving 100 consumers selected through purposive sampling. Data were collected using a structured questionnaire and analyzed using Smart Partial Least Squares. The results showed that service quality has a positive and significant effect on customer satisfaction and consumer loyalty. Customer satisfaction also has a positive and significant effect on consumer loyalty and partially mediates the relationship between service quality and loyalty. These findings confirm that loyalty is not only shaped by product uniqueness, but also by services that create trust, value, and satisfaction.
Evaluation of the Allocation and Reallocation Policy of Subsidized Fertilizer (Case Study: PT. Pupuk Sriwidjaja Palembang) Kevin Kennedy; Andries Lionardo; Paisol Burlian
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2652

Abstract

Subsidized fertilizers are a government policy instrument that aims to maintain national food security through increasing agricultural productivity and farmers' welfare. However, the implementation of the subsidized fertilizer allocation and reallocation policy still faces various obstacles such as distribution delays, quota mismatches, and suboptimal equal access distribution. This study aims to evaluate the policy of allocation and reallocation of subsidized fertilizers in PT. Pupuk Sriwidjaja Palembang uses William N. Dunn's policy evaluation theory which includes effectiveness, efficiency, adequacy, equity, responsiveness, and accuracy. The research uses a descriptive qualitative method with data collection techniques in the form of interviews, observations, and documentation. The research informants consisted of farmers who received subsidized fertilizers and PT. Pupuk Sriwidjaja which is involved in the management of subsidized fertilizers. The results of the study show that the policy of allocation and reallocation of subsidized fertilizers has been quite effective in increasing agricultural productivity. However, various obstacles are still found, especially in terms of distribution, timeliness of distribution, and equitable access. The reallocation mechanism is able to help overcome fertilizer shortages in several areas, but its implementation is still reactive. Therefore, it is necessary to improve the farmer data collection system, improve the accuracy of fertilizer needs planning, and strengthen the distribution system so that the subsidized fertilizer policy can run more optimally.
Analysis of the Influence of Entrepreneurial Skills and Learning Behavior of Managers on Village-Owned Enterprise Innovation in the Special Region of Yogyakarta Gatot Ferianto; Entoh Tohani; Sulasmi
JURNAL ECONOMINA Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i6.2670

Abstract

This study aims to analyze the influence of entrepreneurial skills and learning behavior of managers on BUMDes innovation in the Special Region of Yogyakarta. The study employed a quantitative approach with a survey method. The study population comprised 35 BUMDes operating in the Yogyakarta Special Region (DIY) using a proportional random sampling technique. Data were collected through a questionnaire. The instrument's validity was confirmed with a Pearson product-moment correlation of 0.611. The reliability test, with a Cronbach's Alpha value of 0.809, demonstrated excellent reliability. Multiple linear regression was used to analyze the partial and simultaneous effects of entrepreneurial skills, learning behavior, and BUMDes innovation. The results of the study indicate that: (1) entrepreneurial skills have a positive and significant effect on BUMDes innovation; (2) management learning behavior also has a positive and significant effect on innovation; and (3) both variables simultaneously make a strong contribution to increasing BUMDes innovation. These findings confirm that human resource capacity, particularly entrepreneurial skills and an adaptive learning culture, are key factors in driving institutional innovation and village-based business development.

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