cover
Contact Name
Muhammad Wali
Contact Email
journal@msti-indonesia.com
Phone
+6285277777449
Journal Mail Official
ijer@msti-indonesia.com
Editorial Address
Jln. T.Nyak Arief No. 166 Jeulingke, Kota Banda Aceh, Provinsi Aceh.
Location
Kota banda aceh,
Aceh
INDONESIA
Indonesian Journal Economic Review (IJER)
ISSN : 28082176     EISSN : 28081129     DOI : https://doi.org/10.35870/ijer
Core Subject : Economy,
Indonesian Journal Economic Review with published by Research Division Lembaga Mitra Solusi Teknologi Informasi. This journal covers fields such as People Knowledge and Management, Operations and Performance Management, Business Risk, Finance and Accounting, Entrepreneurship, Strategic Business, Strategic Marketing, and Decision Making and Negotiation. This journal is a peer reviewed online journal dedicated to high-quality research publications focused on research and implementation.
Articles 143 Documents
A Fiqh Muamalah Analysis of Contractual Practices in the E-Bekal Payment System at Nurul Jadid Islamic Boarding School Hurriyatus Sa’idah; Nurul Huda
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.805

Abstract

This study examines the implementation of contracts within the E-Bekal digital payment system used by students at Nurul Jadid Islamic Boarding School from the perspective of fiqh muamalah. The rapid development of Sharia-based financial technology in Islamic boarding schools has encouraged the adoption of cashless payment systems; however, previous studies have predominantly focused on digitalization effectiveness, consumer behavior, and financial management, while limited attention has been given to the analysis of multi-contract practices embedded in pesantren-based digital payment systems. This research therefore addresses the gap by specifically analyzing the integration of wadi’ah, bai’, and wakalah contracts within the E-Bekal platform. This study employs a qualitative approach using a case study design. Data were collected through in-depth interviews, observations, and documentation involving system administrators, cooperative officials, student guardians, and student users. The findings reveal that the operational mechanism of E-Bekal consists of balance top-ups by guardians, digital fund storage, and payment transactions within the pesantren business units. These practices reflect the application of wadi’ah in the deposit and storage of funds, bai’ in purchasing transactions, and wakalah in the management of the payment system. The study further finds that the integration of these contracts forms a Sharia-compliant digital financial ecosystem that promotes transparency, financial control, and transaction efficiency while remaining free from elements of riba and gharar. The novelty of this study lies in its comprehensive fiqh muamalah analysis of a pesantren-based digital payment ecosystem through a multi-contract approach. Academically, this study contributes to the development of Sharia fintech discourse, particularly regarding the adaptation of Islamic commercial law within contemporary digital payment systems in Islamic educational institutions.
The Effect of Financial Performance and ESG Disclosure on Firm Value: Evidence from IDX Score Firms in 2024 Nabil Maulana; Ario Purdianto; Benny Dhevyanto
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.806

Abstract

This study examines the influence of financial performance and ESG disclosure on firm value for companies listed on the Indonesian Stock Exchange (IDX) that are included in the IDX ESG Score index for the year 2024. Financial performance is indicated by Return on Assets (ROA), firm value is quantified using Tobin's Q, and ESG disclosure is denoted by the ESG score released by IDX. Grounded in agency theory, stakeholder theory, and signaling theory, the study utilises a quantitative associative methodology, drawing on secondary data from annual reports and sustainability reports. A purposive sampling method produced a final sample of 58 companies. Multiple linear regression analysis was applied following classical assumption tests. The findings demonstrate that ROA significantly enhances firm value, whereas ESG disclosure exhibits a favourable albeit statistically minor impact on tobin’s Q. Simultaneously, both variables significantly influence firm value, with an Adjusted R-squared of 13.7%, suggesting that additional factors beyond the model explain the majority of firm value variation. These studies confirm that in the Indonesian capital market, financial performance remains the primary signal for investors, while ESG disclosure functions as a supporting signal not yet fully priced by the market.
The Influence of Organizational Support and Meaningful Work on Work Engagement at the Environmental Office of Cirebon Regency Tian Galuh Intan; Sunimah
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.808

Abstract

This study aims to analyze the influence of organizational support and meaningful work on work engagement among employees at the Environmental Office of Cirebon Regency. The background of this study highlights the phenomenon of unequal workload distribution, which has an impact on the decline of employee work engagement in the public sector. Using a causal associative quantitative approach, data were collected through questionnaires from 110 respondents selected using a simple random sampling technique with the Slovin formula. The results of multiple linear regression analysis show that both organizational support and meaningful work have a positive and significant influence on work engagement, both partially and simultaneously. Specifically, the meaningful work variable was found to have a more dominant influence than organizational support in shaping employee work engagement. The research model contributes 66.2% to the work engagement variable, while the remaining percentage is influenced by other factors outside the model. These findings emphasize that the integration of organizational system support and the internalization of work meaning is a key strategy for improving the dedication and professionalism of civil servants in facing bureaucratic challenges at the regional level.
Strategic Recruitment Practices and Lean Hospital Performance: The Mediating Role of Patient-Centered Care in Private Hospitals Puni Oktisari; Ferdi Antonio
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.809

Abstract

Despite growing attention to lean healthcare, limited empirical evidence explains how recruitment practices create operational and business value. This study examines how strategic recruitment practices influence lean hospital performance through the mediating role of patient-centered care (PCC). Recruitment is conceptualized through recruitment transparency, procedural justice, and previous work experience. A quantitative survey was conducted using purposive sampling of 221 experienced nurses recruited within the last two years from six Type B private hospitals in Jakarta. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that recruitment practices significantly enhance PCC, which in turn drives lean hospital performance. Procedural justice has the strongest effect on PCC (β = 0.472, p < 0.001), followed by recruitment transparency (β = 0.370, p < 0.001). PCC significantly improves lean hospital performance (β = 0.353, p < 0.001), confirming its central mediating role. Notably, procedural justice has no significant direct effect on lean performance (β = -0.061, p > 0.05), indicating full mediation through PCC. Other recruitment dimensions show smaller but significant direct and indirect effects. The findings highlight that recruitment creates value not directly, but by fostering patient-centered behaviors that enhance efficiency, service quality, and overall hospital performance. The study contributes to HR and healthcare management literature by positioning recruitment as a strategic driver of lean healthcare outcomes.
Enhancing Job Performance Through Work Engagement: The Role of Perceived Organizational Support Among Non-Medical Employees Padilah Hamzah; Agi Syarif Hidayat
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.811

Abstract

This study aims to analyze the effect of Perceived Organizational Support (POS) on Job Performance, with Work Engagement as a mediating variable among non-medical employees at RSUD Waled, Cirebon (n = 102). The research employed a quantitative approach using a survey method. Data were collected through questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that POS has a positive and significant effect on Work Engagement (β = 0.540; t = 6.407; p < 0.001). Work Engagement also has a positive and significant effect on Job Performance (β = 0.533; t = 6.237; p < 0.001), while the direct effect of POS on Job Performance is not significant (β = 0.015; t = 0.150; p = 0.881). In addition, the indirect effect of POS on Job Performance through Work Engagement is significant (β = 0.288; t = 3.939; p < 0.001), indicating that Work Engagement functions as a mediating variable in this relationship. These findings suggest that organizational support is more effectively translated into Job Performance through the enhancement of Work Engagement, highlighting the important role of Work Engagement in explaining the relationship between organizational support and the performance of non-medical employees.
The Influence of Work Discipline and Intrinsic Motivation on Employee Performance at PT Kharisma Berkah Nusantara, Bekasi Bambang Sutarto; Laila Irawati; Udin Saprudin
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.812

Abstract

This study examines the influence of Work Discipline and Intrinsic Motivation on Employee Performance at PT Kharisma Berkah Nusantara, Bekasi. The research applies a quantitative approach with a descriptive-associative design. The population consists of 60 employees, and all employees were used as respondents through saturated sampling. Data were collected using Likert-scale questionnaires and analyzed with SPSS through validity, reliability, classical assumption, and multiple linear regression tests. The findings show that Work Discipline has a positive and significant effect on Employee Performance. Intrinsic Motivation also has a positive and significant effect, with a stronger influence than Work Discipline. Simultaneously, both variables affect Employee Performance in a significant way. The coefficient of determination shows that Work Discipline and Intrinsic Motivation explain 22.2% of Employee Performance, while 77.8% comes from other factors outside this study. This result indicates that employee performance cannot rely only on discipline and internal drive. PT Kharisma Berkah Nusantara needs to strengthen work discipline while also creating conditions that support personal responsibility, achievement, and employee commitment.
The Role of Product Innovation in Consumer Purchase Intention at Multi Mart Jaya Store in Hargomulyo Village Dwi Septianingsih; Fitrianingsih; Natasya Anggieta Putri; Senia Oktaviani; Murcitaningrum
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.813

Abstract

This study examines the role of product innovation in increasing consumer purchase intention at Multi Mart Jaya Store in Hargomulyo Village. The novelty of this research lies in analyzing product innovation in connection with the use of technology as a supporting factor to enhance purchase intention in a village-scale retail business. The study aims to analyze consumer purchase intention, identify obstacles causing low product innovation, and explain the impact of product innovation on consumer purchase behavior. This field research uses a qualitative approach. Data were collected through observation, in-depth interviews, and documentation. Informants included employees of Multi Mart Jaya who understand the store’s operations and consumer behavior trends. Data analysis was conducted descriptively through data reduction, data presentation, and conclusion drawing. The findings indicate that product innovation plays a crucial role in attracting and maintaining consumer purchase intention. However, limited capital, insufficient information about market trends, and low technology utilization have hindered optimal product innovation. This results in limited product variety, infrequent updates, and suboptimal promotion, which reduce consumer purchase intention. From an Islamic economics perspective, product innovation contributes to achieving maslahah by providing better products and services for consumers. In conclusion, enhancing product innovation supported by effective technology use can be an important strategy to improve business competitiveness and increase consumer purchase intention.
The Impact of Workplace Well-Being and Ethical Leadership on Employee Performance La Ode Obi; Lisa Gresti Sella Damanik; Mutiasari; Aulia nurlaili kusuma wardani; Dipa Teruna Awaludin
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.815

Abstract

This study aims to analyze the relationship between workplace well-being and ethical leadership in influencing employee performance at PT Sinar Glorindo Dinamika Semarang. The population of this study consisted of 123 employees at PT Sinar Glorindo Dinamika. The sampling method used was a census. This study employed a quantitative approach, with multiple linear regression analysis as the analytical technique. The results indicate that workplace well-being and ethical leadership, both partially and simultaneously, have a positive and significant influence on employee performance. These findings suggest that employee well-being serves as an important mechanism through which relational and ethical organizational resources are translated into improved performance outcomes. The implications of this study provide important managerial insights, suggesting that organizations should prioritize developing collaboration and strengthening ethical leadership practices to create a supportive work environment. Enhancing workplace well-being can serve as a strategic approach to improving employee performance. Furthermore, this study contributes to the literature by integrating ethics and well-being into a comprehensive performance model.
The Effect of Risk Perception and Income on Investment Decisions Tanti Widia Nurdiani; Riduwansah; Rudi Ginting; Gatot Dwiyono; Nini
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.816

Abstract

This study examines how risk perception and income shape investment decisions among students of the Faculty of Economics and Business at ABC University, Jakarta. The issue is relevant because student investors often enter financial markets with uneven financial literacy, modest income, and different tolerance toward uncertainty. A quantitative design was applied using primary data collected through questionnaires. Since the population was manageable, census sampling was used, and 75 students became respondents. The data were tested with Partial Least Squares (PLS) to assess the direct and joint effects of the independent variables. The findings indicate that risk perception and income influence investment decisions both individually and jointly. The model explains 91% of the variation in investment decisions, while 9% is affected by variables outside this research. Although the explanatory value is high, the result should be read carefully because investment behavior among students may also be shaped by financial literacy, peer influence, digital investment platforms, and market information. This study suggests that better risk understanding and income management can support more rational student investment behavior.
Prioritizing Service Quality Investments in Aesthetic Dental Clinics: An Importance-Performance Map Analysis (IPMA) Approach Athina Isabella Sumanti; Ferdi Antonio
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.818

Abstract

This study examines the role of service quality in shaping revisit intention in private aesthetic dental services among millennials. A quantitative cross-sectional design was employed, with data collected from 241 respondents across eight accredited private dental clinics in Jakarta using an online survey. The study adopts the 6Q service quality framework and analyzes the data using Partial Least Squares Structural Equation Modeling (PLS-SEM) complemented by Importance-Performance Map Analysis (IPMA). The results indicate that technical quality has the strongest influence on revisit intention, followed by interpersonal and personnel quality. The model demonstrates substantial explanatory power, with an R² value of 0.604. IPMA findings reveal that indicators related to clinical outcomes and service efficiency, particularly aesthetic results and administrative processes, require priority improvement due to their high importance but relatively lower performance. Meanwhile, communication and clinical competence are identified as key strengths that should be maintained. These findings provide actionable insights for dental clinic managers to allocate resources more effectively by focusing on high-impact service attributes. The study contributes to the literature by extending the application of the 6Q framework in aesthetic healthcare services and integrating IPMA for more practical decision-making.