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GENESIS SEMBIRING DEPARI
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INDONESIA
Indonesian Journal of Advanced Research (IJAR)
Published by PT FORMOSA CENDEKIA GLOBAL
ISSN : -     EISSN : 29860768     DOI : https://doi.org/10.55927/ijar.v2i4
Core Subject : Science, Education, Engineering,
Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media
Indonesian Journal of Advanced Research (IJAR) is an open-access and peer-reviewed journal, published by Formosa Publisher, which is mainly intended for the dissemination of research results by researchers, academics, and practitioners in many fields of science and technology. IJAR publishes articles monthly. The editors welcome submissions of papers describing recent theoretical and experimental research related to: (1) Theoretical articles; (2) Empirical studies; (3) Case studies; (4) Literature Review and (5) Applications of recent technology advancement.
Arjuna Subject : Umum - Umum
Articles 14 Documents
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Search results for , issue "Vol. 4 No. 11 (2025): November 2025" : 14 Documents clear
The Mediating Role of Electronic Word of Mouth on the Relationship between Sport Event Tourism, Hedonism, and Tourists’ Visit Intention: Evidence from MotoGP Mandalika Rachman, Ghina Aurelia; Furkan, Lalu Muhammad
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15670

Abstract

This study examines how sport event tourism and hedonism influence tourists’ visit intention, with electronic word of mouth (eWOM) as a mediating variable. Using a quantitative approach, data were collected through offline interviews with 100 visitors of the MotoGP Mandalika event and analyzed using PLS-SEM. Results show that sport event tourism and hedonism significantly affect eWOM, while only sport event tourism and eWOM directly influence visit intention. eWOM also mediates both relationships, suggesting that emotional enjoyment and digital engagement transform experiences into behavioral intentions. These findings highlight the strategic importance of enhancing event quality and encouraging online sharing to strengthen destination image and revisit intention in sport tourism contexts.
The Influence of Customer Experience, Trust, and Word of Mouth on Service Use Decisions at Zap Clinic in Mataram City Mahadewi, Komang Ganitri; HS, Rusminah
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15687

Abstract

This study aims to find out and analyze the influence of customer experience, trust, and word of mouth on the decision to use services at ZAP Clinic Mataram City. The type of research used is quantitative with an associative approach. The population in this study is all consumers who have used beauty Zap Clinic services in Mataram City. The number of samples taken was 100 people. The sample collection technique used is non-probability sampling with a purposive sampling approach. The results of the study showed that customer experience and trust had a positive and significant effect on service usage decisions, while word of mouth had a positive but not significant effect. The ability or contribution of the variables of customer experience, trust, and word of mouth in shaping usage decisions was 77.9%, while the remaining 22.1% was influenced by other factors that were not included in the model. These findings emphasize the importance of consumer experience and trust, so ZAP Clinic is advised to improve digital interaction and customer loyalty programs.
Analysis of Factors Affecting Company Value (Case Study on Startup Companies) Dina, Ratna; Wattileo, Lidya Christine; Widhoyoko, Samuel Anindyo; Orlen, Aurellia
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15654

Abstract

This study aims to examine the determinants of firm value among technology-based startup companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022. The study employs a quantitative research design, utilizing secondary data obtained from financial statements and annual reports of ten eligible startup firms. The analysis is conducted using multiple linear regression via SPSS. The variables examined include Debt to Equity Ratio (DER), Return on Assets (ROA), Company Growth, and Company Size, with Tobin’s Q employed as a proxy for company value. The findings reveal that DER has a statistically significant positive effect on company value (p < 0.01), whereas ROA, company growth, and company size do not show significant influence. The results suggest that the capital structure, particularly debt utilization, plays a critical signaling role for investors in the startup ecosystem, while profitability and firm scale are less predictive of value at this early stage.
When Defense Technologies Meet Human Experience: Evaluating the UX of F-16 Strikes, BM-21 Rockets, and White Phosphorus in the Thailand–Cambodia Conflict Alya, Syariefa; Jandhana, I.B Putra; Basworo, Gregorius Henu
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15714

Abstract

This study examines civilian experiences during the 2025 Thailand–Cambodia border conflict using a User Experience (UX) approach. Through diary studies and the experience sampling method (ESM), supported by an adapted HEART framework, the research shows that F-16 strikes created anticipatory fear, BM-21 rockets disrupted essential daily activities, and white phosphorus caused long-term trauma and reduced trust in state institutions. The findings highlight that military technology assessment must consider humanitarian impacts and civilian experiences rather than focusing solely on tactical effectiveness.
The Influence of Profitability, Capital Structure, and Company Size on Dividend Policy Moderated by the Independent Board of Commissioners Affandi, Aryo Juliansyah; Kusmayadi, Iwan
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15725

Abstract

This study aims to examine the influence of profitability, capital structure, and company size on dividend policy, considering the role of independent board of commissioners as a moderation variable. The object of the study is focused on manufacturing companies listed on the Indonesia Stock Exchange for the 2020–2024 period. The approach used is quantitative with the Moderated Regression Analysis (MRA) analysis method, based on 380 observational data from 76 selected companies using purposive sampling techniques. The findings of the study show that profitability has a significant negative impact on dividend policy, but the capital structure does not show a significant influence. On the other hand, the size of the company has a positive and significant effect. The independent board of commissioners does not moderate the influence of profitability or capital structure, but acts as a negative moderator in the relationship between company size and dividend policy.
The Effect of Entrepreneurial Orientation on SME Performance: The Role of Social Media Usage and Absorptive Capacity Ardiles, Ardiles; Yasri, Yasri
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15724

Abstract

This study investigates the impact of entrepreneurial orientation on SME performance mediated by social media usage and absorptive capacity. Data were collected from 410 SME owners in Solok City using stratified random sampling based on six industrial sectors and analyzed with SmartPLS 4.0. The results show that entrepreneurial orientation has a positive effect on SME performance, with social media use and absorption capacity acting as significant mediators. These findings indicate that SMEs should prioritize entrepreneurial behavior, social media usage, and absorption capacity in improving performance. This study contributes to the literature on SME performance by examining six industrial sectors that adopt and utilize social media usage and absorption capacity in mediating entrepreneurial orientation on SME performance.
Feasibility Analysis of Regular Gas Station Development Projects in Relation to the Economy Rediansyah, Trisna Ferdy; Andono, Agung Ari; Farhan, Ohan; Anwar, Saihul
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15736

Abstract

This study analyzes the feasibility of the construction of regular petrol stations in Sepaku District, North Penajam Paser Regency, East Kalimantan. The need for development arises due to the increase in the number of vehicles that is not proportional to the availability of fuel infrastructure. A quantitative approach is used through fuel demand analysis, RAB preparation, and economic evaluation with NPV, BCR, and Payback Period. The results show that Semoi Dua Village is strategic because it is on the path to IKN with high population growth. Fuel needs are estimated at ±311,000 liters per week. The project is economically feasible with a positive NPV of IDR 15 billion, a BCR of 1.3, and a payback period of four years. Petrol stations are considered prospective operationally and economically.
Empirical Evidence of Banking Risk Management in Indonesia Nabila, Nabila; Kusmayadi, Iwan
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15737

Abstract

This study aims to analyze the differences in banking risk in Indonesia before and after the implementation of POJK No. 18/POJK.03/2016 concerning Risk Management for Commercial Banks. This study contributes to society and the banking world by increasing understanding of the importance of implementing risk management in maintaining the stability of the national financial system. The present research employs a comparative quantitative approach to analyze the differences in banking risk before and after the implementation of the POJK. Data collection was conducted utilizing secondary data obtained from bank financial reports and official OJK publications during the period 2009–2024. The findings of the research indicate significant differences in the NPL, BOPO, and NIM variables, while the LDR ratio does not show a significant difference with a significance level above 0.05. These findings provide a new perspective on the effectiveness of risk management regulatory policies in Indonesia.
Implementation of Digital E-Procurement in the Sharia Banking Ecosystem Nurbaidah, Siti Umi
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15744

Abstract

This study examines how e-Procurement implementation supports cost efficiency, strengthens sharia compliance, and addresses adoption challenges in Indonesian Islamic banks. Using a qualitative case study approach based on regulations, DSN-MUI fatwas, annual reports, and technological practices, the research highlights a conceptual gap in integrating maqāṣid al-sharī‘ah within digital procurement. Findings indicate that procurement digitization lowers transaction costs and enhances sharia compliance through digital hisbah-based audits. The study’s novelty lies in proposing a techno-fiqh integrative model that aligns economic efficiency with maqāṣid principles. Practical implications include recommendations for regulatory refinement, digital sharia auditing, and blockchain-based contract validation.
Management Transformation and Character Building Through Prophetic Leadership at Al-Mardliyah Islamic Boarding School, Jombang Ach. Saifullah; Prim Masrokan
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15746

Abstract

This research investigates the implementation of prophetic leadership model, comprising shiddiq, amanah, tabligh, and fathanah, at Al-Mardliyah Islamic Boarding School in Jombang, and its implications for modern boarding school management and student character development. Through the employment of a qualitative case study methodology, data were procured via a combination of interviews, observational techniques, and documentary analysis. The study's results demonstrate that prophetic values are institutionalized in program planning, participatory implementation, and exemplary supervision, thereby forming an integrated management system. These values are manifested in curriculum development, digital outreach, managerial innovation, and collaboration with external institutions. The application of prophetic leadership has led to a transformation in the students' character, including improved discipline, integrity, communication skills, cultural ethics, and the ability to adapt to changing times. This study concludes that prophetic leadership is a practical, value-based management framework designed to modernize Islamic boarding schools, integrating spirituality and sustainability into their transformation into contemporary educational institutions. Implicitly, this model can be adopted as a strategic approach for other Islamic boarding schools that wish to enhance management quality while developing the holistic character of their students.

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