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 228 Documents
The Influence of Customer Experience on Customer Engagement and Revisit Intention: Evidence from an Independent Budget Hotel Gabriel Gradianto; Innocentius Bernarto
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.963

Abstract

Although hospitality research has expanded considerably, limited attention has been given to the relationships between customer experience, customer engagement, and revisit intention in independent budget hotels. This study examines the direct relationships among customer experience, customer engagement, and revisit intention among guests of PLC Hotel, an independent budget hotel in Bitung, Indonesia. A quantitative approach was employed using a survey conducted in June 2026. Through purposive sampling, 250 valid questionnaires were collected and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that customer experience positively affects customer engagement (β = 0.808; t-value = 15.362) and revisit intention (β = 0.399; t-value = 3.303). Customer engagement also has a significant positive effect on revisit intention (β = 0.427; t-value = 4.197). The findings indicate that both customer experience and customer engagement are directly associated with customers’ intention to revisit the hotel. Customer experience also has a strong positive relationship with customer engagement, suggesting that more positive experiences are associated with higher levels of customer engagement. The study provides empirical evidence from independent budget hotels, where customer relationships may be developed through personalized service alongside available hotel facilities. The findings also provide practical guidance for hotel managers seeking to encourage repeat visits by improving customer experiences and strengthening customer engagement.
VAT, Exchange Rate, and Non-Oil Imports: The Moderating Role of GDP Putri Amelia Vega; Munawaroh Munawaroh; M. Djadjuli
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.971

Abstract

Indonesia’s non-oil and gas imports are influenced by fiscal and macroeconomic conditions, including Value Added Tax (VAT) policy and exchange rate movements. However, prior studies have reported inconsistent findings regarding their effects on import activity. This study examines the effects of the VAT rate and the Rupiah exchange rate on Indonesia’s non-oil and gas import value, as well as the moderating role of Gross Domestic Product (GDP). GDP is included as a moderating variable because changes in domestic economic activity may alter import demand and may strengthen or weaken the effects of VAT and exchange rate movements. This study employs a quantitative explanatory approach using quarterly secondary data from the first quarter of 2016 to the fourth quarter of 2025, consisting of 40 observations. Data were obtained from Statistics Indonesia (BPS), Bank Indonesia, and the Ministry of Finance. The analysis uses Moderated Regression Analysis (MRA) with an AR(1) specification to address serial correlation. The results show that the VAT rate and the Rupiah exchange rate do not significantly affect Indonesia’s non-oil and gas import value. GDP also does not significantly moderate the effects of either variable on non-oil and gas imports. These findings differ from several prior studies that report significant effects of tax policy and exchange rates on imports. This study provides empirical evidence regarding the role of GDP as a moderating variable in Indonesia’s non-oil and gas import dynamics. 
Do Locally-Generated Revenue, Labor Absorption, and Parking Fees Truly Drive the MSME Multiplier Effect? A Case Study of Pisang Epe Mandiri at Losari Beach, Makassar Andi Astriyanti; Abd Rahim; Regina Regina; Himaya Praptani Adys; Muhammad Imam Ma’ruf
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.975

Abstract

Culinary Micro, Small, and Medium Enterprises (SMEs) in coastal tourism areas play a strategic role in driving local economic circulation; however, empirical studies specifically evaluating their broader multiplier effect through multiple local economic channels remain limited. Most previous research predominantly focuses on general business performance or direct tourism revenue without dissecting the indirect mechanism of local economic spillover. This study aims to analyze the influence of labor absorption, parking retribution, and Regional Original Revenue (PAD) on the multiplier effect of Pisang Epe Mandiri SMEs at Losari Beach, Makassar City. Utilizing a descriptive quantitative approach with a case study design, data were gathered from 62 purposively selected respondents, including business owners, employees, parking attendants, local officials, and visitors. Data were analyzed using multiple linear regression. The findings reveal that labor absorption and parking retribution exert positive and statistically significant effects on the economic multiplier effect, whereas PAD shows a positive but statistically insignificant influence due to tax exemption policies for micro-enterprises under current thresholds. Simultaneously, all variables significantly determine the economic multiplier effect, accounting for a major portion of its variance. This research fills a gap in tourism economics literature by demonstrating how informal culinary SMEs serve as vital economic drivers through localized job creation and tourism infrastructure support, providing strategic insights for local government policy in optimizing tourism-based SME development.
Effect Of Current Ratio and Leverage On Company Value at PT FKS Food Sejahtera Tbk Endang Nurita; Eka Rahim; Akhmad Akbar
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.979

Abstract

This study aims to analyze the effect of Current Ratio (CR) and Debt to Asset Ratio (DAR) on Company Value as measured by Price to Book Value (PBV). Company value represents the market's assessment of a company's financial performance and future prospects. This study uses a quantitative approach with multiple linear regression analysis to examine the effect of liquidity and leverage on company value. Sample in this research have a 11 sampel is 2014-2024 period. The data analysis includes the t-test, F-test, and coefficient of determination. The results show that Current Ratio has no significant effect on Company Value. This is indicated by a t-value of 0.689, which is lower than the t-table value of 2.365, with a significance level of 0.553 > 0.05. Therefore, the hypothesis stating that Current Ratio affects Company Value is rejected. In contrast, Debt to Asset Ratio has a positive and significant effect on Company Value, as indicated by a t-value of 2.675, which is greater than the t-table value of 2.365, with a significance level of 0.021 < 0.05. Furthermore, the F-test shows that Current Ratio and Debt to Asset Ratio simultaneously have a significant effect on Company Value, with an F-value of 5.608, greater than the F-table value of 4.74, and a significance level of 0.028 < 0.05. The coefficient of determination indicates an R Square value of 0.713, meaning that Current Ratio and Debt to Asset Ratio jointly explain 71.3% of the variation in Company Value, while the remaining 28.7% is explained by other factors outside the research model.
The Effect of Work Discipline and Work Supervision on Employee Performance at CV Palm Lipu Persada (Distributor of PT. Unilever Indonesia, Tbk Halmahera – South Area) Dira Karlina; Iman Syatoto
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.982

Abstract

This study This paper aims to determine the effect of Work Discipline and Work Supervision on Employee Performance at CV Palm Lipu Persada. The method used is quantitative. The sampling technique uses saturated sampling and obtained a sample of 55 respondents. Data analysis uses validity test, reliability test, classical assumption test, regression analysis, correlation coefficient, determination coefficient and hypothesis test. The results of this paper are Work Discipline has a significant effect on Employee Performance with a determination coefficient value of 54.6% and the hypothesis test obtained a calculated t value of 7.987> t table 2.005. Work Supervision has a significant effect on Employee Performance with a determination coefficient value of 68.5% and in the hypothesis test obtained T count 10.442> T table 2.005. Work Discipline and Work Supervision simultaneously have a significant effect on Employee Performance with a regression equation Y = 4.507 + 0.197X1 + 0.811X2. The coefficient of determination (coefficient) of 67.9% is related to Employee Performance (Y), with the remaining 32.1% being influenced by other factors not examined in this paper. The hypothesis test yielded a calculated f-value of 55.092 > f-table of 3.180.
The Relationships Of Novelty Seeking, Social Influence, Social Status Consumption, Store Image and Perceived Value Toward Consumption Of Counterfeit Automotive Spare Parts Mohammad Rizky Gartina; Fiter Abadi
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.983

Abstract

The rising consumption of counterfeit automotive spare parts in Indonesia presents significant challenges, particularly in the automation sector where product quality directly affects safety and operational performance. Despite increased enforcement and awareness efforts, many consumers continue to knowingly purchase non-deceptive counterfeit products. This study aims to examine and discuss the influence of Novelty Seeking, Social Influence, Social Status Consumption, and Store Image on the Consumption of Counterfeit Products, with Perceived Value acting as a mediating variable. A total of 396 respondents, all of whom are Indonesian consumers with experience purchasing counterfeit spare parts, participated in this study. A quantitative research approach was used, utilizing a structured questionnaire as the primary instrument. Data were analyzed using Structural Equation Modeling (SEM) with the help of SmartPLS. Furthermore, the structural equation modeling results confirm that perceived value acts as a significant mediator in the relationship between novelty seeking, social influence, social status, store image, and the consumption of counterfeit automotive spare parts (specific indirect effects, p<0.05) The results show that all independent variables have a positive influence on counterfeit product consumption. Additionally, Perceived Value plays a significant mediating role in these relationships. This study clarifies the psychological, social, and perceptual mechanisms that sustain counterfeit consumption and provides valuable insights for policymakers and brand managers in addressing this growing issue.
The Effect of Work Motivation on the Work Productivity of Account Officers at PT Permodalan Nasional Madani (Persero), Jakarta Regional 5 Branch. Undergraduate Thesis. Management Study Program, Universitas Panca Sakti Bekasi 2026 Maya Purnama Siddhi; Ratna Tri Hari Safariningsih; Muhammad Rosidi; Rhoma Iskandar; Boma Jonaldy Tanjung Wahyudi
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.996

Abstract

This study aims to determine the effect of work motivation on the work productivity of Account Officers at PT Permodalan Nasional Madani (Persero), Jakarta Regional 5 Branch. Work motivation is an important factor that encourages employees to work more effectively and efficiently, thereby contributing to increased work productivity. The research method used in this study was a quantitative method with an associative approach. The sample consisted of 75 respondents. Data collection was conducted by distributing questionnaires to respondents who were Account Officers at PT Permodalan Nasional Madani (Persero), Jakarta Regional 5 Branch. The data obtained were analyzed using validity tests, reliability tests, classical assumption tests, simple linear regression analysis, t-test, and the coefficient of determination (R²), with the assistance of the SPSS program. The results of the study indicate that work motivation has a positive and significant effect on the work productivity of Account Officers. This is evidenced by the t-test results, which show that the calculated t-value is greater than the t-table value and the significance value is less than 0.05. Therefore, the research hypothesis stating that work motivation affects the work productivity of Account Officers is accepted. Based on the results of the study, the company is advised to improve work motivation through the provision of rewards, career development, effective supervision, good communication, and a conducive work environment so that the work productivity of Account Officers can continue to improve.
Women's Role in Sustaining Culture-Based Craft Enterprises: A Case Study of Batik Jetis, Sidoarjo Eka Putri Pebrianti; Muhammad Ahmi Husein; Devinta Nur Arumsari
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.998

Abstract

Culture-based craft enterprises play a dual role as economic drivers and vehicles of cultural preservation, However, their sustainability is increasingly challenged by declining numbers of artisans and weak regeneration among yonger generations, creating a need to balance cultural preservation with business adaptation. This study examines the role of women in sustaining Batik Jetis, a traditional batik enterprose cluster in Sidoarjo, Indonesia, recognized as part of Indonesia’s UNESCO-listed intangible cultural hertitage. Using a qualitative case study design, data were collected through semi-structured interviews with fifteen women batik entrepreneurs, supported by observation and documentation, and analyzed using Braun and Clarke’s six-step thematic analysis. Three themes emerged; cultural preservation, and dynamics of women’s leadership, and women as drivers of business sustainability. Findings show that women sustain Batik Jetis by maintaining batik-making skills and distinctive motifs, introducing the craft to yuonger generations and the wider public, exercising leadership in decision-making and resource management, and adapting through product innovation and digital promotion while retaining the cultural identity of Batik Jetis. The three themes are interrelated: cultural preservation forms the foundation of the enterprise, leadership sustains its management forms the foundation of the enterprise, leadership sustains its management, and adaptive strategies secure its competitiveness. This study contributes to the literature on women’s entrepreneurship and cultural sustainability by demonstarting how gender, culture, and business stategy intersect in a heritage-craft context, and offers pratical implications fpr artisans, local goverment, and future researchers.
Culinary Business Development Strategy Analysis Using the Business Model Canvas (BMC) and Ansoff Matrix Approach: A Case Study of Laamore Pasta Rischa Meyliana Sari; Arief Budiman
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.1000

Abstract

The culinary sector is a strategic driver of Indonesia's economy, yet intensifying competition, rising raw-material costs, and shifting consumer preferences pose serious challenges for small culinary enterprises. Laamore Pasta, a small pasta, coffee, and culinary business located in Buduran, Sidoarjo, has experienced a persistent decline in average monthly orders since 2024. This study aims to evaluate Laamore Pasta's business model through the nine elements of the Business Model Canvas (BMC) and to formulate alternative business development strategies using the Ansoff Matrix. A qualitative descriptive case-study approach was employed, with data collected through in-depth interviews with the owner, an employee, and thirteen customers, complemented by direct observation and documentation. Data were analyzed using the interactive model of Miles, Huberman, and Saldana (2014), assisted by NVivo 12 for coding. The results show that the Value Proposition element, reflected in taste consistency, affordability, and menu variety, dominates customer perceptions, while Channels, Customer Relationships, Key Resources, Key Activities, Key Partnerships, and Cost Structure still require strengthening. The Ansoff Matrix analysis indicates that Market Penetration is the most appropriate immediate priority, followed sequentially by Product Development, Market Development, and Diversification through frozen food and catering services. The study concludes that Laamore Pasta's development should proceed incrementally, beginning with strengthening its core business and customer retention before pursuing product innovation, market expansion, and diversification.
Internal Control and Organizational Culture on Government Performance Accountability: Agile Leadership as a Moderator Bayu Syahputra; Nurna Aziza; Syaiful Syaiful
Indonesian Journal Economic Review (IJER) Vol. 6 No. 3 (2026): September
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i3.1004

Abstract

Government Performance Accountability (AKIP) is essential for ensuring accountable public-sector performance. However, previous studies have reported inconsistent findings regarding the effects of internal control and organizational culture on AKIP, suggesting that their effectiveness may depend on contextual leadership conditions. This study examines the effects of internal control and organizational culture on AKIP and the moderating role of agile leadership in Prosecutor’s Offices across Southern Sumatra (Sumbagsel), Indonesia. Agile leadership is examined as a moderator because its adaptability, responsiveness, collaboration, and rapid decision-making may facilitate the implementation of internal control and accountability-oriented organizational values. A quantitative survey was conducted involving 54 civil servants involved in financial reporting, and data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that internal control and organizational culture have positive and significant effects on AKIP. Agile leadership significantly strengthens the relationship between internal control and AKIP but does not significantly moderate the relationship between organizational culture and AKIP. These findings highlight the importance of strengthening internal control and organizational culture while developing adaptive leadership to support government performance accountability.