cover
Contact Name
Andini Permatasari
Contact Email
eduvestgreenvest@gmail.com
Phone
+6285703065636
Journal Mail Official
eduvestgreenvest@gmail.com
Editorial Address
https://eduvest.greenvest.co.id/index.php/edv/editorial-team
Location
Unknown,
Unknown
INDONESIA
Eduvest - Journal of Universal Studies
ISSN : 27753735     EISSN : 27753727     DOI : 10.36418
Eduvest - Journal of Universal Studies is a double blind peer-reviewed academic journal and open access to multidiciplinary fields. The journal is published monthly by Green Publisher Indonesia. Eduvest - Journal of Universal Studies provides a means for sustained discussion of relevant issues that fall within the focus and scopes of the journal which can be examined empirically. This journal publishes research articles multidisciplinary sciences, which includes: Humanities and social sciences, contemporary political science, Educational sciences, religious sciences and philosophy, economics, Engineering sciences, Health sciences, medical sciences, design arts sciences and media. Published articles are from critical and comprehensive research, studies or scientific studies on important and current issues or reviews of scientific books.
Articles 2,419 Documents
Optimizing Pipeline Inspection Program To Balance Safety, Compliance, And Cost Efficiency: A Case Study At Petrotama Putra, Primasatria Zhes; Utama, Akbar Adhi
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51386

Abstract

PetroTama operates an extensive pipelines network to support the production of 160,000 barrels of oil per day, equivalent to 26% of Indonesia’s daily production. These pipelines are used as a main oil transportation system in PetroTama, making it one of the main critical assets to sustain production performance. In order to maintain the production capacity, PetroTama has to ensure that the entire pipelines network operates safely and reliably that can only be achieved by implement robust pipeline inspection program. However, currently PetroTama is facing a significant gap with only 37% of its pipeline network inspected to date and leaving 5,480 km of pipelines having no inspection data. This condition also exposes PetroTama to serious impacts related to safety, compliance, and cost efficiency. The objective of this study is to evaluate the current conditions, identify root causes, and propose potential business solution for optimizing PetroTama’s pipeline inspection program by following DMAIC (Define, Measure, Analyze, Improve, Control) methodology. The main causes of the problems are assessed by utilizing Current Reality Tree (CRT) that reveals two primary root causes: budgetary constraints and the absence of regular improvement on the inspection program. The solution for this study is focused on the improvement of inspection program, since the budget availability is considered as a given condition. The Analytical Hierarchy Process (AHP) combined with Spreadsheet Simulation are used to find the best potential business solutions for the problems.
Determinants of Procurement Fraud (PBJ): Pentagon Approach and the Role of Anti-Fraud Awareness Alfia, Ratika Hanna; T, Sutrisno; Purwanti, Lilik
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51392

Abstract

This study aims to understand the factors that encourage the occurrence of PBJ fraud in the public sector. The approach used refers to the Pentagon Fraud Theory, namely using financial pressure proxies, weak systems and procedures, moral justification, procurement committee capabilities, procurement committee egoism, and the role of anti-fraud awareness as a moderating variable. This study employs a quantitative approach with a survey method involving 143 respondents who are members of the Election Working Group (Pokja) at the Ministry of Public Works. Data analysis was carried out using the Partial Least Square–Structural Equation Modeling (PLS-SEM) approach with the SmartPLS 4.0 program. The results of the study show that financial pressure, weak systems and procedures, moral justification, procurement committee capabilities, and procurement committee egoism have a significant positive effect on PBJ fraud. The role of anti-fraud awareness has been proven to weaken the relationship between the Pentagon Fraud elements and PBJ fraud, except for the relationship between egoism and PBJ fraud, which was unproven. These findings affirm the importance of increasing anti-fraud awareness in preventing fraudulent acts and show that the Pentagon Fraud approach is relevant in analyzing the determinants of PBJ fraud. Overall, this research makes both empirical and practical contributions to efforts to strengthen the internal control system in the public sector.
Leadership at the Crossroads of Risk: Bridging Internal and External Factors in Enhancing Risk Management Quality Larasati, Ruth Ratih; Purwanti, Lilik; R, Mohammad Khoiru
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51394

Abstract

This study analyzes the determinants of risk management quality and the role of leadership moderation in the Ministry of Public Works, especially the Directorate General of Highways. These factors are built on attribution theory and transformational leadership by taking into account previous research. This research is a quantitative research using primary data. Data was obtained through the distribution of online questionnaires to risk ownership units (UPR) at the Directorate General of Highways of the Ministry of Public Works and Public Works. The number of samples collected was 162 respondents and processed using PLS-SEM. The results of this study found that organizational culture, competence, regulation, and risk management information systems have a positive effect on the quality of risk management with organizational culture being the variable with the greatest influence. This study also found that leadership plays a role in strengthening the influence of organizational culture, competencies, and risk management information systems on the quality of risk management. The results of this study also have an impact that the presence of leaders is a factor that must be strengthened in compliance with regulations so that the quality of risk management in the Ministry of Public Works can be better. The Ministry of Public Works can focus on increasing the role and leadership in improving compliance with regulations because compliance with regulations has an influence in achieving organizational goals.
Safe-Haven and Diversification Roles of Gold and Bitcoin: Evidence from Financial Markets Raksakadarma, Bayu Avrianto; Rahadi, Raden Aswin
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51399

Abstract

This study investigates the safe-haven and diversification roles of gold and Bitcoin in financial markets from 2015 to 2025. With rising economic uncertainties, the need for reliable safe-haven assets has become critical. Gold has historically provided stability during crises, whereas Bitcoin's volatile nature raises questions about its reliability as a safe haven. Through empirical analysis, including GARCH models and quantile regression, the research evaluates the performance of both assets during market stress. Findings indicate that gold consistently outperforms Bitcoin in terms of downside protection, confirming its status as a traditional safe-haven asset. Conversely, Bitcoin offers potential diversification benefits, enhancing portfolio performance when combined with gold. The results support the notion that integrating both assets can lead to improved risk-adjusted returns, making a dual-asset investment strategy a practical approach for investors navigating market uncertainties.
The Impact Of Brand Interactivity And Involvement, Moderated By Social Media Engagement, On Brand Trust, Self-Brand Connection, And Loyalty In Indonesian Online Education Platforms Adinata, Nuha
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51400

Abstract

Despite the rapid growth of online education platforms in Indonesia, challenges surrounding user loyalty and brand trust remain critical. This study examines the influence of brand interactivity and brand involvement on brand loyalty, mediated by social media customer brand engagement (CBE), self-brand connection, and brand trust. Utilizing a Partial Least Squares Structural Equation Modeling (PLS-SEM) approach, the study surveyed 296 respondents aged 16–24 who had used online education platforms in the past year. The findings reveal that both brand interactivity and brand involvement significantly impact CBE. Furthermore, CBE acts as a strong mediator in the relationship between brand interactivity and brand involvement with brand trust, self-brand connection, and brand loyalty. CBE also has a direct influence on brand trust, self-brand connection, and brand loyalty. In addition, both brand trust and self-brand connection positively influence brand loyalty. These findings offer theoretical contributions to understanding brand engagement dynamics on social media and strategic implications for the online education industry to foster user loyalty by enhancing interactivity and emotional connection with the brand.
Optimization of the Utilization of Registered Non-Hazardous Waste (Fly Ash and Bottom Ash from Coal-Fired Power Plants) Based on Their Physical and Chemical Properties Shofiyah, Ofi; Utomo, Suyud Warno; Agustina, Haruki
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51401

Abstract

This study examines the influence of affiliate content type and source credibility on perceived trust and purchase intention within TikTok Shop, specifically focusing on air freshener products. The research highlights the critical role of energy supply in development, emphasizing the increasing demand for energy, particularly from coal-fired power plants in Indonesia. It discusses the generation and management of coal ash waste, including Fly Ash and Bottom Ash, and the recent policy changes that categorize these as non-hazardous waste. The study outlines sustainable strategies for utilizing this waste, addressing both environmental concerns and economic opportunities. Through a quantitative approach, data were collected from coal-fired power plants, revealing insights into waste management practices and the potential for enhancing the sustainability of FABA waste utilization. The findings aim to contribute to the body of knowledge on waste management and provide practical benefits for industries involved in energy production and waste utilization.
The Effect of Trust on M-Banking in Online Transactions on E-Customer Loyalty: A Theoretical Approach Frederico, Jonathan; Sarwoko, Endi; Nainggolan, Romauli
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51402

Abstract

The intensifying competition in the digital banking sector, accelerated by shifts in consumer behavior, underscores the critical role of customer trust and satisfaction in fostering loyalty. This study investigates the effect of trust in mobile banking on e-customer loyalty, with re-use intention as a mediating variable, utilizing the Unified Theory of Acceptance and Use of Technology (UTAUT) framework. This research employs a quantitative descriptive approach to examine whether customer satisfaction and trust have a noteworthy impact on loyalty when using mobile banking, with re-use intention acting as a mediating variable. The study’s sampling strategy is snowball sampling, which is conducted randomly. Questionnaire data are used as the method to gather information for this investigation. Beginning with data collection, data reduction, data display, and conclusion explanation, the data analysis procedures are implemented in multiple phases. The findings, analyzed using SPSS, demonstrate that both customer trust and satisfaction significantly and positively influence loyalty. Furthermore, trust is found to significantly affect re-use intention, which, in turn, acts as a strong and significant mediator between trust and loyalty. The research model explains 95.4% of the variance in loyalty. The study implies that banks should prioritize building robust security and trustworthiness while enhancing user satisfaction to strengthen re-use intention and, ultimately, cultivate long-term customer loyalty in the competitive digital banking landscape.
The Effect of Financial Rewards on Employee Work Motivation: An Experimental Study at SPD Speedometer Automotive Company Fajar Pertiwi, Sekar Ayu; Mardhiyyah, Siti Khofifatul; Zaman, Ikhsan Badruz; Pratama, Noviani Putri; Rahmaliya, Siti
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51413

Abstract

In today's highly competitive business landscape, companies must swiftly adapt to changes and ensure that their employees remain motivated to achieve optimal productivity levels. One crucial factor in enhancing work motivation is the implementation of an effective reward system. This study aims to examine the effect of financial rewards on employee work motivation at SPD Speedometer, an automotive company. Employing a quasi-experimental design with a post-test-only control group, the research involved 60 employees divided into two groups: an experimental group receiving financial rewards and a control group receiving none. Work motivation was measured using a scale adapted from George and Jones (2012), covering three indicators: direction of behavior, level of effort, and level of persistence. The data were analyzed using the Mann-Whitney test, which revealed a significant difference in work motivation between the two groups, indicating that financial rewards substantially enhance employee motivation. These findings align with reinforcement theory and Herzberg's two-factor theory, both of which identify financial incentives as pivotal extrinsic motivators that drive positive work behavior. The practical implication suggests that a well-structured and equitable financial reward system can serve as an effective managerial strategy to boost employee motivation and productivity, particularly in the automotive industry.
The Impact of Government Guarantees on Bond Spreads: an Empirical Study of State-Owned Enterprises in Southeast Asia Rismauli, Naomi Lamria
Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i10.51415

Abstract

The recent financial distress among construction firms in Southeast Asia, including Indonesia’s state-owned enterprises (BUMN Karya) underscores significant challenges in infrastructure financing, particularly in relation to elevated borrowing costs and constrained access to capital markets. In this context, government guarantees are commonly perceived as mechanisms to mitigate credit risk and compress bond spreads, defined as the yield differential between corporate bonds and risk-free benchmarks such as sovereign bonds. This study investigates the effect of government guarantees on bond spreads among BUMN Karya, focusing on Indonesia as a case study. It also examines the moderating role of the Altman Z-score as a proxy for corporate financial stability. Employing a quantitative approach with secondary data spanning 2017 to 2023, the analysis utilizes a multiple linear regression model. The findings reveal that government guarantees do not exert a statistically significant influence on bond spreads, nor does the Altman Z-score significantly moderate this relationship. These results suggest that despite theoretical expectations, investors continue to perceive BUMN Karya bonds as high-risk instruments, largely due to macroeconomic uncertainties such as inflationary pressures and restrictive monetary policies. The study highlights the need for enhanced governance, greater transparency, and macroeconomic stability to bolster the credibility and effectiveness of government guarantee schemes in reducing corporate borrowing costs.
Analysis of the Presence and Impact of Price Gap Anomaly on the Indonesian Stock Exchange Wilopo, Rinaldi; Ekaputra, Irwan Adi
Eduvest - Journal of Universal Studies Vol. 5 No. 8 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i8.51416

Abstract

Price gap occurs when the opening price of a financial asset today is greater than the closing price of the previous day, signaling market’s initial sentiment and potential direction of price movement on the trading day. This study aims to explore the presence and characteristics of price gap anomalies and their potential exploitation to generate abnormal returns in the Indonesian stock market. The data used are 11 stock indices in the period 2015-2024 and the analysis is carried out using the multiple linear regression method to test the hypothesis. The results of the study indicate that price gap anomalies are confirmed in the Indonesian stock market, with positive price gaps tending to have more momentum effects than negative price gaps. Price gaps show short-term characteristics, where this anomaly does not affect the period after period of the anomaly. This study also explores the addition of volatility as a control variable in the regression model and finds the accuracy of the regression model by observing the increase in Adjusted R-Squared and Overall F-Test values. Finally, a trading strategy is formed to test the strategy's ability to generate abnormal returns that can beat the market in the Indonesian stock market. However, considering the transaction costs, the overall trading simulation results cannot generate returns that can beat market returns.

Filter by Year

2021 2025


Filter By Issues
All Issue Vol. 5 No. 12 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 11 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 10 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 9 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 8 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 7 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 6 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 5 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 4 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 3 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 2 (2025): Eduvest - Journal of Universal Studies Vol. 5 No. 1 (2025): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 12 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 11 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 10 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 9 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 8 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 7 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 6 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 5 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 4 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 3 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 2 (2024): Journal Eduvest - Journal of Universal Studies Vol. 4 No. 1 (2024): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 12 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 11 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 10 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 9 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 8 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 7 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 6 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 5 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 4 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 3 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 2 (2023): Journal Eduvest - Journal of Universal Studies Vol. 3 No. 1 (2023): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 12 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 11 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 10 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 9 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 8 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 7 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 6 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 5 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 4 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 3 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 2 (2022): Journal Eduvest - Journal of Universal Studies Vol. 2 No. 1 (2022): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 12 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 11 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 10 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 9 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 8 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 7 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 6 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 5 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 4 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 3 (2021): Journal Eduvest - Journal of Universal Studies Vol. 1 No. 2 (2021): Journal Eduvest - Journal Of Universal Studies Vol. 1 No. 1 (2021): Journal Eduvest - Journal Of Universal Studies More Issue