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Jurnal Comparative : Ekonomi Dan Bisnis
Published by Universitas Muhammadiyah Tangerang
ISSN : -     EISSN : 27459632     DOI : DOI : 10.31000/combis
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Comparative: Ekonomi Dan Bisnis merupakan sarana bagi para penulis dan dosen untuk melaksanakan salah satu tridarma perguruan tinggi yaitu penelitian. Jurnal ilmiah ini untuk membantu para dosen Fakultas Ekonomi dan Bisnis baik program studi manajemen dan akuntansi serta dosen pada umumnya untuk mempublikasikan hasil penelitian tulisan dan kajian bidang ekonomi dan bisnis Adapun ruang lingkup jurnal yang akan dipublikasikan ekonomi, akuntansi, manajemen dan bisnis
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 11 Documents
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Search results for , issue "Vol 7, No 3 (2025): August" : 11 Documents clear
ANALYSIS OF THE FINANCIAL PERFORMANCE OF PT. MAYORA INDAH TBK BASED ON PROFITABILITY AND LIQUIDITY RATIO: A COMPREHENSIVE STUDY Nababan, Cintia; Sinurat, Mangasa; Munte, Mei Hotma Mariati
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14479

Abstract

This research has high urgency in the context of the dynamics of Indonesia's food and beverage manufacturing industry post-pandemic, where global economic fluctuations and changes in consumption patterns demand a thorough evaluation of the company's financial performance. As a market leader with a strategic product portfolio, the performance analysis of PT. Mayora Indah Tbk is crucial to map business resilience in an era of economic volatility. The study makes a dual contribution: theoretically by enriching the literature on the application of financial ratios in the consumer goods industry, and practically by presenting actual data-driven strategic recommendations for company management. The quantitative descriptive research method was applied to the 2021-2023 financial statement data, with the analysis focusing on profitability (ROE and NPM) and liquidity (CR and QR) ratios. The findings revealed that the company managed to maintain very strong liquidity above industry standards, while profitability showed an upward trend although there was still room for optimization. This research is an important benchmark for the industry in evaluating working capital management strategies and increasing profitability amid economic uncertainty.
PERCEIVED EASE OF USE, PERCEIVED RISK, AND INTENTION TO USE QRIS: A STUDY OF URBAN CONSUMERS IN MEDAN Liliana, Ola Venina; Munte, Mei Hotma Mariati; Sihombing, Halomoan
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14671

Abstract

This study examines the influence of perceived ease of use and perceived risk on the intention to adopt QRIS (Quick Response Code Indonesian Standard) as a digital payment method among residents of Medan City. With the rapid growth of cashless transactions in Indonesia, understanding consumer adoption behavior is crucial for expanding financial inclusion. A quantitative survey method was employed, collecting primary data from 120 respondents using a structured questionnaire. Convenience sampling was used, and data were analyzed using multiple linear regression through SPSS 26. The results indicate that perceived ease of use has a significant positive effect on adoption intention, confirming the relevance of the Technology Acceptance Model (TAM) in the digital payment context. In contrast, perceived risk was found to have no significant impact, suggesting that users prioritize usability over security concerns when deciding to use QRIS. This implies that ease of access, simplicity of interface, and user experience are more decisive factors than risk perception in driving adoption. The findings highlight the importance for service providers and policymakers to focus on improving platform usability and conducting targeted digital literacy campaigns to accelerate QRIS adoption. This study contributes to the literature on digital finance in emerging economies by empirically validating key behavioral drivers in urban Indonesian consumers.
EVALUATION OF THE APPLICATION OF ACCOUNTING IN TRADITIONAL HANDICRAFT MICRO ENTERPRISES: A CASE STUDY AT UD. MANURUNG SILITONGA Simorangkir, Helmina Handayani; Siahaan, Audrey M; Sinurat, Mangasa
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14483

Abstract

This study aims to analyze the application of accounting in traditional handicraft MSMEs, especially the Ulos and Songket Tarutung Businesses at UD. Manurung Silitonga, Siatas Barita District, North Tapanuli Regency. The urgency of this research is driven by the low awareness of MSME actors in implementing an accounting system in accordance with the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM), thus having an impact on financial management and business growth. The method used is qualitative descriptive with data collection through observation, in-depth interviews, and documentation. The results show that financial recording is still carried out simply and not fully in accordance with accounting standards, due to low accounting understanding and limited human resources. The contribution of this research is to provide an understanding of the importance of the application of accounting for MSMEs in supporting decision-making and business sustainability. The novelty of the research lies in its focus on the traditional handicraft sector in the North Tapanuli region that has not been studied much before.
TRANSACTIONAL LEADERSHIP, MOTIVATION, AND COMPETENCE EFFECTS ON EMPLOYEE PERFORMANCE Atika, Nur; Reskiputri, Tatit Diansari; Umamy, Septy Holisa
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14689

Abstract

Despite advancements in public service reform, employee performance at the Investment and One-Stop Integrated Services Agency in Jember Regency remains inconsistent, marked by delayed service delivery, low initiative, and reduced task effectiveness. This study investigates the influence of transactional leadership, motivation, and competence on employee performance to identify key drivers of organizational efficiency. A quantitative associative method was employed, with data collected from 85 employees via structured questionnaires and analyzed using multiple linear regression. Results indicate that motivation and competence have a significant positive effect on performance (p < 0.05), underscoring their critical role in enhancing productivity and service quality. In contrast, transactional leadership does not show a significant impact, challenging its assumed centrality in bureaucratic settings. The model explains 56% of the variance in performance (R² = 0.56). The originality of this study lies in its empirical examination of leadership limitations in a developing-country public service context, where motivational and competency-based factors outweigh directive leadership in driving performance. It contributes to theory by refining the application of leadership models in local government institutions and offers practical guidance for reforming human resource strategies. Findings suggest that investing in employee development, intrinsic motivation, and skill enhancement is more effective than relying solely on hierarchical supervision.
THE DOMINO EFFECT OF TIN CORRUPTION: ANALYSIS OF ECONOMIC GROWTH, WORKFORCE QUALITY, AND COMMUNITY WELFARE AT THE PROVINCE BANGKA BELITUNG Fathurahman, Ezaky; Herlianto, Danil; Caressa, Dinda; Rafita, Rafita; Putri, Aning Kesuma
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.13135

Abstract

The purpose of this study is to see how corruption in the tin mining sector has an impact on economic growth, labor quality, and community welfare in the Bangka Belitung Islands Province. This study shows that using secondary data for the 2015–2023 period and the multiple linear regression method, corruption has a negative impact on the regional economy by reducing revenue used for infrastructure development and public services. The situation in the region is getting worse due to the high dependence on the mining industry which is not environmentally friendly. Agricultural and fishery yields declined due to water pollution, soil degradation, and loss of productive land. This reduces the competitiveness of other economic sectors. This causes economic growth to stagnate and society increasingly depends on fluctuations in commodity prices around the world. In addition, corruption prevents the improvement of the quality of the local workforce due to a lack of investment in skills education and training. Only a highly skilled workforce can compete in the mining sector, as non-transparent recruitment practices and nepotism exacerbate social inequality. Limited access to secondary and tertiary education reduces people's opportunities to contribute to more productive economic sectors. From a welfare perspective, corruption leads to inequality in the distribution of profits from the mining sector, which benefits a handful of economic elites, while the majority of people remain poor and face difficulties in obtaining basic services such as health and education. In addition to damaging ecosystems, uncontrolled mining exploitation reduces natural resources necessary for daily life. To improve community welfare and ensure sustainable economic growth in Bangka Belitung, this study recommends increased transparency in natural resource management, and mining governance reform
ENVIRONMENTAL AND GREEN ACCOUNTING PRACTICES AND FINANCIAL PERFORMANCE: INDONESIAN LISTED MANUFACTURERS Tesalonika, May; Samosir, Hendrik E.S; Dolok Saribu, Ardin
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14638

Abstract

This study examines the impact of green accounting and environmental performance on financial performance, focusing on mining-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Using purposive sampling, 30 firms met the inclusion criteria. The research employs quantitative methods with secondary data collected from annual financial reports and sustainability disclosures. Green accounting is measured by environmental costs, while environmental performance is proxied by the PROPER (Program for Pollution Control, Evaluation, and Rating) rating. Financial performance is assessed using Return on Assets (ROA). Data analysis using SmartPls 3.0. The results indicate that green accounting has no significant effect on financial performance, and environmental performance does not significantly influence financial outcomes. The coefficient of determination (R²) reveals that the independent variables explain only 1% of the variation in financial performance, suggesting that other factors play a more dominant role. These findings imply that current environmental cost reporting and regulatory ratings like PROPER may not yet translate into measurable financial benefits for mining-related manufacturers in Indonesia. The study contributes to the growing literature on sustainability accounting in emerging markets, highlighting the gap between environmental initiatives and financial returns. Future research should incorporate additional variables such as ESG scores, corporate governance, or carbon emissions, and extend the time frame and sample size to enhance generalizability.
IMPACT OF STOCK PRICES AND GCG ON FIRM VALUE: EVIDENCE FROM INDONESIAN REAL ESTATE COMPANIES Salsyadillah, Meilani; Fadhilah, Ash Shoffi Hana; Habibi, Pahman
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14737

Abstract

This study investigates the impact of stock prices and Good Corporate Governance (GCG) on company value in the property and real estate sector listed on the Indonesia Stock Exchange, an industry pivotal to economic growth yet prone to market volatility and governance deficiencies. Given Indonesia’s rising urbanization and investment inflows, understanding value drivers in this sector is crucial for sustainable development and investor protection. Using panel data regression from 2020–2023, we analyze stock price, audit committee size, managerial ownership, board of directors, and independent board of commissioners as key determinants. Results reveal that stock price and managerial ownership exert a significant positive effect on firm value, indicating market efficiency and effective alignment of managerial incentives. However, audit committee, board of directors, and independent commissioners show no significant influence, suggesting structural weaknesses in oversight and decision-making independence. Collectively, all variables significantly enhance firm value, emphasizing the interplay between market signals and governance. This study contributes to the literature by offering timely empirical evidence from an emerging market with evolving regulatory frameworks. Its novelty lies in integrating market-based performance (stock price) with multidimensional GCG indicators in the Indonesian real estate context—underexplored in prior research. Furthermore, it provides policy implications for regulators to strengthen board independence and monitoring mechanisms to improve corporate accountability and long-term value creation.
SDG'S POST-PANDEMIC ECONOMIC DEVELOPMENT STRATEGY Syakif, Reza; Radensyah, Muhamad; Nurhayati, Nurhayati; Naura, Naura; Putri, Aning Kesuma
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.13137

Abstract

This study examines the role of Sustainable Development Goals (SDGs) in shaping economic growth and labor absorption post-pandemic in Indonesia. It explores the challenges and strategies for achieving economic sustainability, particularly in sectors like agriculture, digital innovation, and education. Through a qualitative approach, this research analyzes key factors such as government policies, the rise of digital platforms, and the importance of critical thinking and ecoliteracy in fostering sustainable practices. The study highlights how platforms like Liniku.id, a digital agricultural tool, contribute to improving farmer literacy, enhancing agricultural productivity, and advancing SDG targets. The findings suggest that the integration of digital technologies and social innovations has a significant impact on empowering local communities, especially in rural areas. Furthermore, this paper underscores the importance of collaborative efforts from all stakeholders, including the government, private sector, and communities, to achieve the SDGs. The research concludes with recommendations for future initiatives, focusing on strengthening digital literacy among rural populations and expanding policy support for inclusive and sustainable economic development. The implications of this study are vital for policymakers, development agencies, and researchers aiming to contribute to Indonesia’s sustainable growth in alignment with the SDGs.
OPERATIONAL COST AND REVENUE IMPACT ON NET PROFIT: PT PERKEBUNAN NUSANTARA IV CASE Kesia, Tiori; Br. Siringoringo, Magdalena Judika; Dolok Saribu, Ardin
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14641

Abstract

This study examines the impact of operational costs and revenue on net profit at PT Perkebunan Nusantara IV Medan, a key state-owned plantation enterprise in Indonesia. In the face of volatile commodity prices, rising production costs, and increasing competition in the agro-industrial sector, optimizing financial performance has become critical for sustainability. This urgency necessitates a deeper understanding of how cost efficiency and revenue generation jointly influence profitability. Using a quantitative descriptive approach, the research analyzes financial statements from 2019 to 2023, calculating key ratios such as net profit margin and operating cost ratio. Results reveal that sustained profitability is achieved not merely through cost reduction, but through the strategic synergy between disciplined cost control and consistent revenue enhancement. Efficient operational cost management, when aligned with market-driven income growth, significantly boosts net profit. This study highlights the importance of integrated financial strategies in navigating sectoral challenges and ensuring long-term resilience. The findings offer actionable insights for agribusiness managers and policymakers, particularly in emerging economies where state-owned enterprises play a vital role in economic stability. In an era of increasing pressure on agricultural productivity and financial accountability, this research contributes to both theory and practice by emphasizing operational-financial alignment as a lever for sustainable profitability.
COMPENSATION, ORGANIZATIONAL CULTURE, AND CADDIE PERFORMANCE: MEDIATING ROLE OF JOB SATISFACTION Madani, Eka Putri; Masripah, Ipah; Amelia, Dahlia; Suhardaliyah, Suhardaliyah
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 3 (2025): August
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i3.14232

Abstract

This study addresses the growing need to enhance stewardship performance in the golf industry, particularly among caddies, whose role significantly impacts service quality and customer satisfaction. Despite the critical function of caddies at premium golf clubs, their performance remains underexplored in organizational behavior research. The purpose of this study is to examine the effects of compensation and organizational culture on caddie performance, with job satisfaction as a mediating variable, at Modern Golf & Country Club in Tangerang City. Using a quantitative approach, data were collected from 100 caddies through a structured questionnaire based on a Likert scale. A probability sampling technique was employed, and data were analyzed using SmartPLS 4 for structural equation modeling. Results indicate that compensation has a positive and significant effect on both job satisfaction (p = 0.001) and caddie performance (p = 0.006). Organizational culture positively influences job satisfaction (p = 0.000), though its direct impact on performance is not significant (p = 0.511). Job satisfaction significantly mediates the relationship between compensation and performance (p = 0.000), as well as between organizational culture and performance. This study contributes to both theory and practice by empirically validating job satisfaction as a key mechanism through which organizational factors influence frontline service performance in a niche leisure industry. The findings offer practical insights for golf club management to design better compensation systems and foster a supportive organizational culture to enhance caddie motivation and service excellence. This research is original in its focus on caddies—a largely overlooked workforce—in the Indonesian context, filling a gap in hospitality and sports management literature.

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