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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 926 Documents
 85   86   87   88   89 
Human Resource Management Strategies for Improving Employee Performance in the Era of Digital Transformation: A Qualitative Study at a Technology-Based Company Saripudin Saputra; Nuniek Permata; Suaryo Suaryo; Andi Hasryningsih Asfar
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3682

Abstract

Digital transformation has fundamentally changed the way organizations manage human resources (HR), including in technology-based companies that stand at the forefront of digital innovation adoption. Most prior studies on HR management in the digital era remain dominated by quantitative approaches and literature reviews, leaving a gap in contextual and in-depth understanding of how such strategies are actually implemented in practice. This study aims to explore in depth the human resource management strategies applied to improve employee performance in technology-based companies amid the acceleration of digital transformation. This research employs a qualitative approach with a case study design. Data were collected through semi-structured interviews with human resource managers and employees, non-participant observation of daily work practices, and documentation studies of company policies and performance reports. Data were analyzed using an interactive analysis model consisting of data reduction, data display, and conclusion drawing, with data validity strengthened through source and method triangulation. The results indicate that effective HR management strategies in the digital era encompass four main dimensions: digitalization of recruitment and selection processes (e-recruitment), continuous digital competency development through e-learning platforms, the implementation of data-driven performance management systems (people analytics), and the strengthening of a technology-based collaborative work culture. This study also reveals challenges in the form of digital literacy gaps across employee generations and resistance to work culture change. These findings contribute theoretically to the development of strategic HRM concepts in the digital era and offer practical implications for HR managers in designing policies that are adaptive to technological dynamics
The Effects of E-Service Quality and Sustainable E-Service Quality on Customer Satisfaction with the Shopee App in Yogyakarta Amanda Liliana; Munjiati Munawaroh
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3683

Abstract

The rapid development of e-commerce has intensified competition among marketplaces, making the quality of digital services a key factor in creating customer satisfaction. This study aims to analyze the influence of efficiency, fulfillment, system availability, privacy, and sustainable e-service quality on customer satisfaction among Shopee app users in the Special Region of Yogyakarta. The study employs a quantitative approach using primary data collected from 210 respondents via purposive sampling. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the assistance of SmartPLS 3.2.9 software and was supplemented with thematic coding of open-ended responses. The results indicate that efficiency (β = 0.192), fulfillment (β = 0.279), system availability (β = 0.259), privacy (β = 0.197), and sustainable e-service quality (β = 0.291) have a positive and significant effect on customer satisfaction, with a coefficient of determination (R²) of 0.795. Sustainable e-service quality is the strongest predictor, confirming that consistency and sustainability of service quality are just as important as short-term technical performance. These findings extend the conventional e-service quality model to the context of e-commerce in Indonesia by integrating the dimension of sustainability
The Effects of Company Growth, Institutional Ownership, and Liquidity on Company Value, with Dividend Policy as a Mediating Variable Edi Supriyono; Shira Azaria Rahma Putri
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3685

Abstract

Research Objective: This study aims to analyze the effects of firm growth, institutional ownership, and liquidity on firm value, as well as to test the role of dividend policy as a mediating variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2021–2024. Design/Methodology/Approach: This study employs a quantitative approach using secondary data obtained from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange for the period 2021–2024. The research sample was determined using purposive sampling based on specific criteria. The analysis method used was panel data regression with the aid of EViews software to test the relationships between variables, as well as the Sobel test to examine the role of dividend policy as a mediating variable. Research Findings: The results indicate that firm growth has a negative and significant effect on dividend policy, whereas institutional ownership and liquidity do not have a significant effect on dividend policy. Furthermore, firm growth, institutional ownership, liquidity, and dividend policy do not have a significant effect on firm value. The results of the mediation test indicate that dividend policy mediates the effect of firm growth on firm value but does not mediate the effects of institutional ownership and liquidity on firm value. Theoretical Contribution/Originality: This study contributes to enriching the literature on firm value by testing the role of dividend policy as a mediating variable simultaneously using panel data from manufacturing firms in Indonesia. The finding that most variables do not have a significant effect and that mediation occurs only for firm growth suggests that dividend policy is not always a strong mechanism for increasing firm value, particularly in emerging markets. Practitioner/Policy Implications: This study implies that dividend policy can serve as an important signal for management in communicating the company’s growth prospects to investors. For investors, dividend policy should be considered alongside financial indicators in investment decision-making. Meanwhile, for regulators, these results provide a basis for promoting transparency and consistency in dividend policy to enhance market confidence. Research Limitations/Implications: This study is limited to the manufacturing sector and the 2021– 2024 period, and it uses only the variables of firm growth, institutional ownership, and liquidity; therefore, the results cannot yet be broadly generalized. Consequently, future research is recommended to expand the sector, include additional variables, and employ more comprehensive analytical methods.
The Effect of Servant Leadership and Teamwork on Employee Performance through Work Motivation as a Mediating Variable Ananda Dila Kusuma; Tri Maryati
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3686

Abstract

This study aims to analyze the influence of Servant Leadership and Teamwork on Employee Performance through Work Motivation as a mediating variable among employees at CV. Shahia Hijab Indonesia. This study was motivated by the issue of suboptimal employee performance, as evidenced by fluctuations in productivity, delays in meeting work targets, and inconsistent work quality. This study employs a quantitative approach using a survey method. The study population consists of all 97 employees at CV. Shahia Hijab Indonesia. A saturated sampling technique was used, meaning the entire population served as the study’s respondents. Data were collected through the distribution of questionnaires and analyzed using the Partial Least Squares Structural Equation Modeling (SEM-PLS) method with the assistance of the SmartPLS 4 software. The findings of this study indicate that improvements in employee performance are not only directly influenced by service-oriented leadership and effective teamwork but also through increased employee motivation. Therefore, companies need to optimize servant leadership practices, strengthen teamwork, and boost work motivation to achieve more optimal and sustainable employee performance Research Aims: To analyze the influence of Servant Leadership and Teamwork on Employee Performance through Work Motivation as a mediating variable among employees of CV. Shahia Hijab Indonesia Design/Methodology/Approach: This study employs a quantitative approach using a survey method. Data were collected by distributing questionnaires to employees who served as research respondents. The sampling technique utilized purposive sampling in accordance with predetermined criteria. Data analysis was conducted using Partial Least Squares (PLS)-based Structural Equation Modeling (SEM) to test the direct and indirect effects between Servant Leadership, Teamwork, Work Motivation, and Employee Performance. Research findings: The results indicate that servant leadership and teamwork have a positive effect on work motivation. Furthermore, servant leadership, teamwork, and work motivation also have a positive effect on employee performance. Work motivation was found to mediate the effects of servant leadership and teamwork on employee performance; thus, improving the quality of servant leadership and fostering effective teamwork can enhance work motivation and lead to improved employee performance. Theoretical Contribution/Originality: This study contributes to the development of human resource management literature by integrating servant leadership and teamwork into a single research model that explains employee performance through work motivation as an intervening variable. This study enriches the empirical evidence regarding the role of work motivation as a mechanism that bridges the relationship between organizational factors and employee performance. Practitioner/Policy Implications: The research findings provide implications for corporate management to improve employee performance through the implementation of servant leadership, the strengthening of teamwork, and the creation of a work environment that fosters employee work motivation. Organizations can develop leadership training and team- building programs to support the achievement of optimal performance. Research Limitations/Implications: This study is limited to specific subjects and a limited number of respondents; therefore, the findings cannot yet be broadly generalized. Additionally, the study only examined servant leadership, teamwork, and work motivation as factors influencing employee performance. Future research is encouraged to include other variables such as job satisfaction, organizational commitment, organizational culture, or the work environment, and to expand the scope of the study to obtain more comprehensive results.
The Effects of Perceived Risk, Electronic Word of Mouth (E-WOM), and Service Quality on Consumer Purchase Intention Through Brand Image on the Tokopedia Marketplace Mateyus Eko Agus Kristiyanto; Tongam Sirait
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3687

Abstract

Increasingly fierce competition among marketplaces requires companies to understand the factors that shape consumer purchase intent, particularly in a digital transaction environment characterized by risks, the flow of electronic information, and demands for service quality. This study aims to analyze the influence of risk perception, electronic word of mouth (E-WOM), and service quality on consumer purchase intent on the Tokopedia marketplace, both directly and indirectly through brand image as a mediating variable. This study employs a quantitative approach using a survey method. The unit of analysis consists of Tokopedia users who have made online purchases on the platform. The research sample consisted of 390 respondents selected using purposive sampling, with the criteria of having a Tokopedia account and having made at least one transaction or purchase through the Tokopedia marketplace within the last 6 (six) months. Data were collected via a questionnaire and analyzed using Partial Least Squares-based Structural Equation Modeling (SEM-PLS) with the assistance of SmartPLS 4. Model evaluation included testing the measurement model (outer model), the structural model (inner model), and hypothesis testing via the bootstrapping procedure. The results of the study indicate that risk perception and E-WOM do not have a significant effect on brand image or purchase intention. Conversely, service quality has a positive and significant effect on brand image and purchase intention, while brand image has a positive and significant effect on purchase intention. In the indirect effect analysis, brand image did not mediate the effects of risk perception and E-WOM on purchase intention, but it did mediate the effect of service quality on purchase intention. These findings indicate that, in the context of the Tokopedia users studied, purchase intention is more strongly determined by service quality and brand image than by risk perception and E-WOM. Thus, improving service quality not only plays a direct role in driving purchase intention but also an indirect one through the formation of a more positive brand image.
Unpacking the Theoretical Pathways to Consumer Loyalty in Digital Environments: A Structural Model of Brand Engagement Radyan Dananjoyo; Berlia Zahra Antika; Taufik Akhbar
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3688

Abstract

Social media has rapidly changed marketing tactics, especially in cosmetics, where visual appeal and peer engagement affect consumer decisions. Somethinc and other cosmetic businesses use TikTok to reach Generation Z in Indonesia. Despite its growing use, little is known about how social media marketing (SMM) affects brand loyalty, particularly through psychological notions like brand trust and equity. This study uses the Stimulus-Organism-Response (S-O-R) framework and Social Information Processing (SIP) theory to examine how brand trust and equity mediate the influence of SMM on brand loyalty. Purposive sampling of 215 Yogyakarta Gen Z users who bought Somethinc products on TikTok was used to acquire quantitative data. In AMOS 22, SEM was used to evaluate the data. The results show that SMM boosts brand trust, equity, and loyalty. SMM and brand loyalty are partially mediated by brand trust and equity. By integrating Islamic-context customer behavior into the S-O-R and SIP frameworks, this study helps cosmetic firms increase loyalty through emotionally engaging and value-driven digital tactics. This study empirically validates the dual mediating effect of trust and equity in Gen Z beauty marketing on TikTok
The Influence of Digital Marketing, Perceived Risk, User Experience, and Brand Trust on Electric Motorcycle Purchase Intention with Consumer Trust as an Intervening Variable Lilik Budhi Hartanto; Sutikno Sutikno
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3699

Abstract

This study investigates the effects of digital marketing, perceived risk, user experience, and brand trust on electric motorcycle purchase intention in Surabaya, Indonesia, with consumer trust as an intervening variable. Integrating TPB and UTAUT rooted in TRA, this study applied a quantitative approach using SEM-PLS was applied to 244 respondents. All thirteen hypotheses were confirmed. Brand trust exerted the strongest influence on consumer trust (β = 0.429), followed by user experience (β = 0.281) and digital marketing (β = 0.120), whereas perceived risk had a negative effect (β = −0.115). Consumer trust partially mediated all relationships. The model accounted for 77.6% of purchase intention variance and 71.8% of consumer trust variance.
The Effect Of Intellectual Capital, Return On Equity, And Debt- To-Equity Ratio On Firm Value With Firm Size As An Intervening Variable In Infrastructure Companies Listed On The Indonesia Stock Exchange Irena Aprilia; Dedi Hariyanto; Heni Safitri
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3704

Abstract

This study aimed to analyze the effects of Intellectual Capital, Return on Equity, and Debt-to-Equity Ratio on Firm Value, with Firm Size as an intervening variable, among infrastructure-sector companies listed on the Indonesia Stock Exchange during 2022-2024. The study employed a quantitative approach with an associative research design. The sample comprised 49 companies selected through purposive sampling, yielding 147 firm-year observations. Secondary data were obtained from the companies' annual financial statements and analyzed using path analysis. Equation I produced the following model: Firm Size = 23.261 + 0.208X₁ + 0.018X₂ + 0.018X₃ + e. The results showed that Intellectual Capital and Debt-to-Equity Ratio had positive and significant effects on Firm Size, whereas Return on Equity did not have a significant effect. Equation II produced the following model: Firm Value = 661.043 + 47.166X₁ + 4.069X₂ - 1.301X₃ - 2.046Y₁ + e. Intellectual Capital had a positive and significant effect on Firm Value, Debt-to-Equity Ratio had a negative and significant effect, while Return on Equity and Firm Size did not have significant effects. Simultaneously, the models in Equations I and II were significant, with significance values of 0.001 and 0.000, respectively. The coefficients of determination were 20.3% for Equation I and 28.8% for Equation II. The path analysis results indicated that Firm Size did not mediate the effects of Intellectual Capital, Return on Equity, or Debt-to-Equity Ratio on Firm Value.
Religious Leadership and Islamic Leadership Ethics on Employee Performance at Bank Syariah Indonesia Pekanbaru Henry Martin Adriansyah; Sri Indrastuti; Hamdi Agustin
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3707

Abstract

Company leaders are required to have the ability to handle the complexity of competencies, regulations and new rules of the global market. In this case, not just any leader is needed by the company, but an effective leader, who can be relied upon to face challenges, take advantage of the flow of change and be able to lead followers to a common goal. Because leadership is one of the important elements in achieving, in this case the leader must be able to master any situation and condition, whether the condition does not threaten the company's survival or not, the company is in principle striving for sustainability in the future better, meaning the company seeks good profits, so that the company exists more in the future, therefore the company must have a reliable leader to be able to face global challenges that are so rapidly changing. The research method is a qualitative research method with a descriptive approach with a literature review research type. Literature review is collecting information or written works that are library in nature. Information collection is done by reviewing several written sources, namely journals, books, and other sources that are of course appropriate to the research object. Research results show that leadership is a critical factor in determining an organization's success in facing the ever-evolving dynamics and competition of business. The increasingly complex business environment demands that companies have leaders capable of adapting, making informed decisions, managing change, and directing all organizational resources toward achieving common goals. A company's sustainability depends not only on its business strategy but also on the quality of effective and visionary leadership, capable of facing global challenges.
Utilization Of Sharia Digital Marketing In Marketing Pink Rice In The One Islamic Boarding School One Product (Opop) Pro- gram Erika Royatul Mufiddah; Ahmad Syafi'i; Haniatul Mukarromah
JURNAL ECONOMINA Vol. 5 No. 8 (2026): JURNAL ECONOMINA, Agustus 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v5i8.3712

Abstract

Advancements in information technology have driven the use of digital media as a marketing strategy to enhance product competitiveness. This study aims to analyze the implementation of Sharia-compliant digital marketing for "Pink Rice" under the One Pesantren One Product (OPOP) program at the Darul Falah Islamic Boarding School. A descriptive qualitative approach was employed, utilizing data collection methods such as interviews, observation, and documentation, with analysis conducted via source triangulation. The findings indicate that implementing Sharia-compliant digital marketing yields benefits by expanding market reach, boosting product competitiveness, and supporting the economic empowerment of the Islamic boarding school. Furthermore, this strategy opens up broader business development opportunities, although challenges remain regarding resource limitations, digital media management capabilities, and the optimization of technology utilization.

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