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INDONESIA
Indonesian Journal Economic Review (IJER)
Published by Lembaga Mitra Solusi Teknologi Informasi
ISSN : 28082176     EISSN : 28081129     DOI : https://doi.org/10.35870/ijer
Core Subject : Economy,
Economics, Econometrics & Finance
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.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 185 Documents
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Effects of Liquidity and Solvency on Stock Investment Returns in PT Telkom Indonesia Tbk for the 2014-2025 Period Nurwita; Noryani; Lisdawati
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.v6i2.820

Abstract

This study analyzes the effects of liquidity and solvency on stock investment returns in PT Telkom Indonesia Tbk for the 2014-2025 period. A quantitative design is applied using secondary data from the company’s annual financial statements and year-end stock closing prices. Liquidity is measured by the current ratio, while solvency is measured by the debt to equity ratio. Stock investment return is calculated from yearly stock price changes. The data are tested through multiple linear regression with SPSS version 26. The findings show that liquidity and solvency have no significant effect on stock investment returns, either individually or jointly. The coefficient of determination reaches 45.2%, meaning that both financial ratios explain less than half of the variation in stock investment returns. The remaining 54.8% is linked to other factors outside the model. This result suggests that a healthy liquidity or solvency position does not automatically lead to higher stock returns. Investors need to compare these ratios with profitability, dividend policy, interest rates, market sentiment, and industry conditions before making investment decisions.
A Comparative Analysis of the Degree of Fiscal Decentralisation Between the City of Jambi and Batanghari Regency Dewi Purnama Sari; Nurhayani; Parmadi
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.v6i2.833

Abstract

Fiscal decentralisation is a key instrument in the implementation of regional autonomy, aimed at enhancing the financial independence of local governments. The success of fiscal decentralisation can be measured by a region’s ability to optimise its own-source revenue (PAD) and reduce its dependence on central government transfers. This study aims to analyse the degree of fiscal decentralisation and identify differences in fiscal capacity between the City of Jambi and Batang Hari Regency during the period 2020–2024. The study employs a quantitative approach using a descriptive comparative method. The data used consists of secondary data obtained from the Budget Implementation Reports (LRA) of the City of Jambi and Batang Hari Regency. The analysis was conducted using ratios of the degree of fiscal decentralisation based on Local Own-Source Revenue (PAD), Tax and Non-Tax Revenue Sharing (BHPBP), and central government transfers. Furthermore, differences in the fiscal capacity of the two regions were analysed using an independent samples t-test. The results indicate that Jambi City possesses a higher level of fiscal autonomy compared to Batang Hari Regency, as evidenced by a relatively higher contribution of PAD to total regional revenue. Conversely, Batang Hari Regency exhibits a greater degree of dependence on revenue-sharing funds and central government transfers. The results of the t-test also indicate a significant difference in the degree of fiscal decentralisation between the two regions. These findings suggest that regional economic characteristics and the capacity to manage local revenue sources play a significant role in determining the level of fiscal autonomy of local governments.
Analysis of Fiscal Equalisation Funds and Local Financial Autonomy in West Tanjung Jabung Regency Muhammad Teja; Zulfanetti; Jaya Kusuma Edy
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.v6i2.854

Abstract

This study aims to analyze the development of balancing funds, the structure of balancing funds, and the level of regional financial independence in Tanjung Jabung Barat Regency during the 2020 to 2024 period. This study uses a descriptive quantitative approach with secondary data obtained from the Regional Revenue and Expenditure Budget (APBD) Realization Report published by the Directorate General of Fiscal Balance (DJPK), Ministry of Finance of the Republic of Indonesia. The analytical methods used include development analysis, contribution analysis, and regional financial independence ratio analysis. The results show that balancing funds remain the main source of regional revenue, with an average contribution of 87% to total regional revenue. The structure of balancing funds is dominated by Revenue Sharing Funds (DBH) and General Allocation Funds (DAU), while the average regional financial independence ratio is only 8%, which is categorized as very low. These findings indicate that Tanjung Jabung Barat Regency still has a high level of dependence on central government transfers. Therefore, efforts are needed to optimize Regional Original Revenue (PAD) to increase fiscal capacity and strengthen regional financial independence.
The Influence of Brand Image and Brand Awareness on the Decision to Purchase an iPhone in Cirebon Fardan Walidina; Lis Tatin Hernidatiatin
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.v6i2.821

Abstract

This study examines the influence of brand image and brand awareness on the decision to purchase an iPhone in the city of Cirebon. The issue addressed is the shift in consumer behavior, where consumers no longer consider price alone but also psychological factors such as brand image and brand awareness when making purchasing decisions. The objective of this study is to determine the influence of brand image and brand awareness, both individually and collectively, on purchasing decisions. The method used is a quantitative approach with an explanatory research design, employing data collection via a questionnaire administered to 394 iPhone users, and analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results indicate that brand image and brand awareness significantly influence purchasing decisions, both partially and simultaneously, with an R-square value of 62.2%, indicating a strong influence. The implications of this study highlight the importance for companies to enhance brand image and brand awareness through effective marketing strategies to drive consumer purchasing decisions, particularly in the premium smartphone market in the Cirebon region.
Analysis of Digital Adaptation Strategy Formulation Based on the Resource-Based View (RBV) and Diffusion of Innovation (DOI) for Sustainable Competitive Advantage in Rural MSMEs in Indonesia Riski Maulana; Noufal Muksalmina
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.v6i2.825

Abstract

The Micro, Small, and Medium Enterprises (MSME) sector plays a vital role in the Indonesian economy; however, MSMEs in rural areas continue to face significant challenges in digital adaptation. This study aims to formulate a digital adaptation strategy that can create a sustainable competitive advantage for rural MSMEs by integrating the Resource-Based View (RBV) and Diffusion of Innovation (DOI) theories. This study employs a qualitative approach based on a systematic literature review and secondary data analysis. Data were collected from 45 relevant scientific articles, both national and international, published between 2020 and 2026, as well as from official reports issued by the Ministry of Cooperatives and Small and Medium Enterprises of Indonesia. The analysis was conducted using a thematic approach and narrative synthesis to identify patterns in digital adaptation strategies. The results indicate that digital literacy and managerial capabilities function as strategic resources (RBV) that influence the rate of technology adoption (DOI), which, in turn, strengthens strategic management and sustainable competitive advantage. This study highlights the importance of an inclusive approach that combines community-based training programs with the development of digital infrastructure in rural areas. The practical implications include policy recommendations for the government to prioritize human resource capacity development alongside technological support and infrastructure provision.
Profitability Beyond Size: How Working Capital Efficiency Creates Value Across Industries Ika Prayanthi; Danny Ivan Rantung; Nouke Sysca Oroh
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.v6i2.826

Abstract

This study investigates the effect of working capital efficiency on firm profitability across multiple sectors in Indonesia. Panel data covering 1,012 firms listed on the Indonesia Stock Exchange over the period 2014–2024 yielded 5,273 firm-year observations. Working capital efficiency was measured using three proxies: winsorized Cash Conversion Cycle, Inventory Turnover, and Accounts Receivable Turnover, while profitability was proxied by Profit Margin as the primary dependent variable. Multiple linear regression was estimated while controlling for firm size (Ln Market Cap) and industry sector using the open-source Jamovi software version 2.x. Our findings indicate that the Cash Conversion Cycle has a statistically significant negative effect on Profit Margin (b = –0.0067, p < 0.001). Inventory Turnover also exhibits a significant negative effect (b = –0.0116, p = 0.025), whereas Accounts Receivable Turnover demonstrates a positive effect (b = 0.0267, p = 0.032). Firm size emerges as the strongest predictor of profitability (b = 4.6579, p < 0.001). We observe substantial sectoral heterogeneity, with the property, transportation, and utility sectors showing significantly lower profit margins compared to the financial sector. These findings confirm the importance of efficient working capital management in enhancing financial performance, with mechanisms varying across industry sectors. This research contributes to the financial management literature by providing large-scale empirical evidence from an emerging market in Southeast Asia, while documenting cross-sectoral heterogeneity that explains inconsistent findings in prior research.
Analysis of the Influence of Job Training and Work Discipline on Employee Productivity with Motivation as Moderating Variables in Rattan Manufacturing Companies Muhammad Rezqi Alifiananda Alif; Siti Maryam; Dharliana Hardjowikarto
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.v6i2.828

Abstract

The research examines the effects of job training and work discipline on employee productivity and tests work motivation as a moderating variable in rattan manufacturing companies. A quantitative explanatory design was applied to 153 employees selected through purposive sampling. Data were gathered through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that job training, work discipline, and work motivation have positive and significant effects on employee productivity. Work motivation also strengthens the effects of job training and work discipline on productivity. These results suggest that training programs will produce stronger outcomes when employees receive clear direction, fair rules, and motivation that matches production demands. The findings also imply that discipline should not rely only on sanctions, since employees respond better when rules support performance, safety, and work targets. For rattan manufacturing firms, productivity improvement requires coordinated action across skill development, attendance control, task supervision, and motivation systems. Managers should design training schedules based on job needs, apply discipline consistently, and build motivation through recognition, feedback, and attainable performance targets in daily production activities.
The Effectiveness of the General Election Commission’s Socialization Media Strategy in Improving First-Time Voters’ Understanding at KPU Tana Toraja Intan Parerungan; Rudianto; Nasruddin; Nasrun Julyarman
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.v6i2.829

Abstract

The study aims to evaluate the effectiveness of the voter education media strategy implemented by the General Election Commission (KPU) of Tana Toraja Regency in improving first-time voters’ understanding of the 2024 General Election. The research used a descriptive quantitative method with hypothesis testing. Data were collected through questionnaires, observation, and interviews involving an incidental sample of 25 first-time voters registered in the Final Voter List (DPT). The data were analyzed using the Internal Factor Analysis Summary (IFAS), External Factor Analysis Summary (EFAS), and SWOT quadrant diagram. The IFAS matrix produced a total score of 3.60. The main strength appeared in the effectiveness of awareness improvement, with a score of 0.36, while the main weakness appeared in the suboptimal response to feedback, with a score of 0.33. The EFAS matrix produced a total score of 3.14. The greatest opportunity came from packaging voter education content in short video formats, with a score of 0.46, while the main threat involved first-time voters’ vulnerability to negative campaigns, with a score of 0.25. The SWOT coordinate diagram placed the intersection point at X = 1.00 and Y = 1.34. The position placed KPU Tana Toraja in Quadrant I, which supports an aggressive growth strategy. Based on these results, KPU Tana Toraja needs to strengthen its growth strategy by maximizing current short-video trends, using more accessible language, and integrating Toraja local cultural values into voter education materials.
The Impact Of Ai-Powered Service Features On Customer Satisfaction: Ride-Hailing Apps In Indonesia Alvin Kenneth; Fiter Abadi
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.v6i2.834

Abstract

This research study aims to analyze the influence of artificial intelligence (AI)-based service features on customer satisfaction in the ride-hailing industry in Indonesia. The research method used is a quantitative method with a survey approach and Data is collected through a survey of 400 active users of ride-hailing services. This study uses descriptive analysis to describe the characteristics of respondents, test the validity and reliability of the instrument, classical assumption test which includes normality and multicollinearity tests, and multiple linear regression analysis to test the influence of each independent variable. The results showed that Perceived Value (β=0.114), Perceived Service Delivery (β=0.104), Perceived Service Quality (β=0.194), Identification with the Service Provided (β=0.154), and AI Use Behavior in Services (β=0.175) had a positive and significant effect on customer satisfaction (p<0.001). In contrast, the Market Orientation of Service Provision had a negative but significant effect (β=-0.115; p<0.01). Simultaneously, all variables had a significant effect on customer satisfaction (F=273.333; p<0.001). These findings suggest that the application of AI that improves value, quality of service, and user experience can strengthen customer satisfaction and support ride-hailing companies' reputations.
The Effect of Work-Life Balance and Workload on Employee Performance through Work Engagement Lebrina Lorince Tangpen; Apryla Ayu Yega Putriani; I Made Suparta; I Dewa Ketut Raka Ardiana
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.v6i2.836

Abstract

Human resources play a strategic role in determining organizational success, particularly in maintaining employee performance amid increasing job demands and business competition. This study aims to analyze the effect of work-life balance and workload on employee performance through work engagement as a mediating variable at PT Panca Mitra Multiperdana Tbk, Surabaya. This study uses a quantitative approach with an explanatory causal research design. Data were collected from 100 employees selected through purposive sampling and analyzed using Structural Equation Modeling with Partial Least Squares (SEM-PLS). The results show that work-life balance and workload have a positive and significant effect on work engagement. Work engagement also has a positive and significant effect on employee performance. However, work-life balance and workload do not have a significant direct effect on employee performance. In addition, work engagement fully mediates the relationship between work-life balance and employee performance, as well as the relationship between workload and employee performance. The coefficient of determination (R²) indicates that the research model explains 77.1% of the variation in employee performance, which reflects strong predictive ability. The findings show that employee performance is more strongly influenced by work engagement than by work-life balance and workload directly. Therefore, organizations need to prioritize strategies that enhance work engagement by creating a proper work-life balance and managing workload effectively to improve employee performance.

Page 15 of 19 | Total Record : 185

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