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The Impact of ESG disclosure and ESG Financial Materiality Disclosure on Financial Performance: Evidence from the Indonesian Energy Sector (2022–2024) Yanti; Shandy Aurellia Renata
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1410

Purpose – Sustainability reporting has become increasingly important in the energy sector due to growing regulatory requirements and stakeholder expectations. Nevertheless, evidence regarding the financial implications of ESG-related disclosures remains inconclusive. This study examines the impact of ESG disclosure and ESG financial materiality disclosure on the financial performance of energy companies listed on the Indonesia Stock Exchange (IDX) during 2022–2024. Design/methodology/approach – This study employed a quantitative research design using panel data regression analysis. The sample comprised 19 energy sector companies selected through purposive sampling, resulting in 57 firm-year observations. ESG disclosure was measured based on the GRI Standards 2021, while ESG financial materiality disclosure was assessed using the SASB Materiality Framework. Data were analyzed using the Fixed Effect Model (FEM). Finding/Results – The results show that ESG disclosure is negatively associated with financial performance, although the relationship is not statistically significant. In contrast, ESG financial materiality disclosure has a negative and significant effect on financial performance, indicating that the costs associated with material ESG reporting may reduce short-term profitability. Originality/Value – The findings suggest that not all ESG-related disclosures generate similar financial outcomes. This study provides evidence that financially material ESG disclosure may have different implications from general ESG disclosure, offering insights for energy companies in designing sustainability reporting strategies.

Topic-Level Effectiveness of the Entrepreneur Development Class in Indonesia's Wirausaha Merdeka Program Dhanang Eka Putra; Hariyono Rakhmad; Dessy Putri Andini; Refa Firgiyanto; Huda Ahmad Hudori; Elly Antika; Mochamad Rizal Umami; Nanik Anita Mukhlisoh; Dwi Putro Sarwo Setyohadi; Risse Entikaria Rachmanita
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1421

Purpose – This study evaluates the effectiveness of the Entrepreneur Development Class (EDC), the foundational learning phase of Indonesia’s Wirausaha Merdeka program, by examining topic-level learning gains across ten instructional modules. The study responds to persistent limitations in entrepreneurship education evaluation, including the dominance of perception-based measures, the reliance on aggregate outcomes, the limited empirical evidence on Wirausaha Merdeka, and the limited use of normalized gain analysis in assessing instructional effectiveness. Design/methodology/approach – A quantitative one-group pre-test–post-test design was employed using a complete cohort of 550 students from twelve vocational higher education institutions participating in the 2024 Wirausaha Merdeka program coordinated by Politeknik Negeri Jember. Data were analyzed using descriptive statistics, the Kolmogorov–Smirnov test, paired-samples t-tests, Hake’s normalized gain (g), and Cohen’s d effect size. Findings/Results – The overall mean score increased from 70.40 to 95.25, yielding a high normalized gain (g = 0.84) and a very large effect size (d = 1.70). Business Idea Development emerged as the most effective module (g = 0.90), whereas Pondasi Bisnis Berkah produced the lowest gain (g = 0.68). The findings suggest that instructional effectiveness varies across competency domains and is influenced by both baseline knowledge and the characteristics of the learning outcomes targeted. Originality/Value – This study contributes to entrepreneurship education research by introducing a topic-level evaluation framework that combines objective knowledge assessment, normalized gain analysis, effect-size estimation, and significance testing. The approach provides a more diagnostic understanding of instructional effectiveness than aggregate program-level measures and offers practical guidance for curriculum improvement, quality assurance, and policy evaluation in large-scale vocational entrepreneurship programs.

Marketing Strategy Analysis: The Effect of 7P Marketing Mix on School Choice Decision Using PLS-SEM in Bekasi Aprilliantoni Aprilliantoni
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1433

Purpose – This study examines the influence of the 7P marketing mix on parents’ school choice decisions in the increasingly competitive private education sector in Bekasi, Indonesia. It addresses the limited evidence on the simultaneous effects of all seven marketing mix dimensions on school selection. Design/Methodology/Approach – A quantitative cross-sectional design was employed. Data were collected from 202 parents and prospective parents using purposive sampling and analyzed with Partial Least Squares Structural Equation Modeling (PLS-SEM). Findings – The results indicate that promotion, process, and physical evidence significantly influence school choice decisions, with process emerging as the strongest predictor. In contrast, product, price, place, and people have no significant effect. Originality/Value – This study extends educational marketing research by simultaneously examining the complete 7P marketing mix framework in private school selection. The findings provide practical guidance for private schools to strengthen enrollment by prioritizing promotional strategies, improving service processes, and enhancing physical facilities.

Beyond Credit Disbursement: Evaluating the Leveraging Effect of Kredit Usaha Rakyat on MSME Growth and Resilience Andi Naila Quin Azisah Alisyahbana; Sabir Sabir; Andika Isma
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 1 (2026): Volume 4, Issue 1, January 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i1.1438

Purpose – This study examines the effects of the Village Fund and Village Cash Transfer (BLT Desa) on rural welfare. It distinguishes the Village Fund as a development-oriented fiscal instrument and BLT Desa as a protection-oriented instrument for vulnerable households. Design/methodology/approach – This study employs a quantitative explanatory approach using a balanced sub-district-year panel design for the 2021 to 2025 period. Rural welfare is measured using a composite index that reflects poverty, human development, and access to basic services. The Village Fund and BLT Desa are treated as the main explanatory variables, while disaster vulnerability is included as a control variable. The data are analyzed using a two-way Fixed Effects Model. Finding/Results – The results show that both the Village Fund and BLT Desa have positive and significant effects on rural welfare. The Village Fund has a stronger association with welfare improvement, indicating the importance of development-oriented spending in supporting infrastructure, services, and local capacity. BLT Desa also contributes positively, suggesting that direct cash assistance remains relevant for protecting vulnerable households. In contrast, disaster vulnerability has a negative and significant effect on rural welfare. Originality/Value – This study contributes to the literature by simultaneously evaluating development transfers and village-level social protection within a sub-district panel framework. The findings imply that rural welfare improvement requires an integrated village fiscal policy that combines long-term development spending, targeted household protection, and disaster-resilient planning.

Village Fund, Village Cash Transfer, and Rural Welfare: Evidence from a Sub-District Panel Analysis Andika Isma; Sabir Sabir; Andi Naila Quin Azisah Alisyahbana
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 1 (2026): Volume 4, Issue 1, January 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i1.1439

Purpose – This study examines the effects of the Village Fund and Village Cash Transfer (BLT Desa) on rural welfare. It distinguishes the Village Fund as a development-oriented fiscal instrument and BLT Desa as a protection-oriented instrument for vulnerable households. Design/methodology/approach – This study employs a quantitative explanatory approach using a balanced sub-district-year panel design for the 2021 to 2025 period. Rural welfare is measured using a composite index that reflects poverty, human development, and access to basic services. The Village Fund and BLT Desa are treated as the main explanatory variables, while disaster vulnerability is included as a control variable. The data are analyzed using a two-way Fixed Effects Model. Finding/Results – The results show that both the Village Fund and BLT Desa have positive and significant effects on rural welfare. The Village Fund has a stronger association with welfare improvement, indicating the importance of development-oriented spending in supporting infrastructure, services, and local capacity. BLT Desa also contributes positively, suggesting that direct cash assistance remains relevant for protecting vulnerable households. In contrast, disaster vulnerability has a negative and significant effect on rural welfare. Originality/Value – This study contributes to the literature by simultaneously evaluating development transfers and village-level social protection within a sub-district panel framework. The findings imply that rural welfare improvement requires an integrated village fiscal policy that combines long-term development spending, targeted household protection, and disaster-resilient planning.

The Role of Green Economy Legal Instruments in Advancing Sustainable Development Indah Dwiprigitaningtias; Lily Andayani; Andi Ajeng
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1454

Purpose – This study aims to examine the role of green economy legal instruments in advancing sustainable development and to analyze how these instruments function within contemporary environmental governance systems. The study also explores the contribution of legal mechanisms to environmental accountability, ecological justice, and sustainability transitions. Design/methodology/approach – This research employs a normative legal research design using statutory, conceptual, and analytical approaches. The analysis is based on primary, secondary, and tertiary legal materials, including environmental regulations, international policy frameworks, academic literature, and institutional reports. The collected materials were analyzed through qualitative legal analysis to identify the preventive, corrective, and transformative functions of green economy legal instruments. Finding/Results – The findings reveal that green economy legal instruments operate through three interconnected functions. Preventive instruments reduce environmental risks through environmental impact assessments, permitting systems, environmental standards, and spatial planning regulations. Corrective instruments strengthen environmental accountability through sanctions, liability mechanisms, compensation schemes, and ecological restoration measures. Transformative instruments facilitate sustainability transitions by promoting renewable energy development, green investment, innovation, and resource-efficient economic practices. The study further finds that the effectiveness of these instruments depends on regulatory coherence, institutional capacity, enforcement effectiveness, and meaningful public participation. Originality/Value – This study contributes to the literature by proposing an integrated framework that conceptualizes green economy legal instruments as preventive, corrective, and transformative mechanisms operating simultaneously within environmental governance systems. The framework enriches discussions on environmental law, ecological justice, and sustainable development while providing practical insights for strengthening sustainability-oriented legal governance.

The Influence of the ‘Makassar Kota Makan Enak’ City Branding on City Image and Tourists’ Visiting Decisions to Makassar City Nurjannah Nurjannah; Sabran Laori; Muh Yahya; Vinny Corylitha Sarapang; Nur Tria Iriani
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 1 (2026): Volume 4, Issue 1, January 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i1.1497

Purpose - Makassar City possesses diverse tourism potential, including natural, cultural, artificial, and culinary attractions. To strengthen its tourism competitiveness, the Makassar City Government introduced the city branding slogan “Makassar Kota Makan Enak” (Makassar: The City of Delicious Food) in 2023. This study aims to examine the effect of city branding on city image and tourists’ visit decisions to Makassar City. The topic is important because an effective city branding strategy can shape positive perceptions of a destination and encourage tourist visits. Design/methodology/approach - This study employed a quantitative research approach. Data were collected through questionnaires distributed to tourists originating from outside Makassar City. The collected data were analyzed using SPSS version 31 to examine the relationships among City Branding, City Image, and Visit Decision variables. Finding/Results - The results indicate that City Branding has a significant positive effect on City Image. Furthermore, City Branding significantly influences tourists’ Visit Decisions, while City Image also has a significant positive effect on Visit Decisions. These findings suggest that the branding initiative successfully enhances tourists’ perceptions of Makassar and contributes to their decision-making process when choosing the city as a travel destination. Originality/Value - This study provides empirical evidence regarding the role of city branding in influencing tourist behavior through the formation of a positive city image. The findings imply that “Makassar Kota Makan Enak” is an effective branding strategy that not only strengthens the city’s image but also increases tourists’ intention and decision to visit Makassar City. The main contribution of this research is demonstrating that city image serves as an important mechanism through which city branding affects tourists’ visit decisions.

Integration of Ushul Fiqh Principles in the Protection of Investor Assets in the Islamic Capital Market in Indonesia Husni Rofiq; Usep Deden Suherman; Asep Ramdan Hidayat
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1500

Purpose – This study aims to analyze the concept of investor asset protection in the Islamic capital market from the perspective of Ushul Fiqh principles, to identify relevant legal maxims as a normative foundation, and to examine their implementation in regulations, fatwas, and operational practices of the Islamic capital market in Indonesia. Design/methodology/approach – This research employs a descriptive qualitative approach through document analysis, interviews with fiqh experts, regulators, and practitioners, as well as non-participatory observation. Data analysis is conducted thematically through reduction, categorization, and interactive verification. Finding/Results – The findings indicate that investor asset protection is constructed through the integration of modern regulatory frameworks with Ushul Fiqh principles that emphasize justice, legal certainty, and risk mitigation. Five main pillars—clarity of contracts, justice, prevention of gharar (uncertainty) and maisir (gambling), risk mitigation, and the principle of trust (amanah)—form the foundation of investor protection. The legal maxims al-umūr bi maqāṣidiha (matters are judged by their objectives), al-yaqīn lā yazūlu bi al-shakk (certainty is not removed by doubt), al-ḍarar yuzāl (harm must be eliminated), and ḥifẓ al-amwāl (protection of wealth) function as a normative framework to establish a transparent, stable, and sustainable Islamic capital market Originality/Value – This study contributes by developing an Ushul Fiqh-based framework for investor asset protection in Indonesia's Islamic capital market, providing a new perspective for strengthening Sharia governance and improving investor confidence.

Character-Based Knowledge Construction in Personal Bankers Within Banking Service Practices David Christian Engelbert Lisapaly; La Ode Hamida; Rince Tambunan; Titien Rahayuningsih
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1501

Purpose – This study aims to analyze the construction of character-based knowledge among personal bankers as bank marketing personnel in banking service practices. It explores how knowledge is developed and internalized through work experience, customer interactions, and organizational culture to enhance service quality. Design/methodology/approach – This study adopts a qualitative approach with a descriptive-interpretative design. Data were collected through in-depth interviews and observations involving purposively selected personal bankers at a commercial bank branch in Kendari City, Southeast Sulawesi. The data were analyzed using thematic analysis. Findings – The findings reveal that personal bankers’ knowledge is constructed through professional experience, customer interactions, and organizational culture. This knowledge is internalized into character values, including integrity, empathy, and responsibility, which are reflected in customer-oriented and communicative service behaviors. However, the consistent application of these values is constrained by performance target pressures. Originality/Value – This study highlights the importance of character-based knowledge as a foundation for improving banking service quality. It contributes to the literature on human resource development and organizational behavior by demonstrating the need for organizational support and continuous learning to strengthen the internalization of character values in banking service practices.

Transformational Leadership in Enhancing Public Service Quality in the Digital Era Andi Herlina; Hamka Hamka
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1502

Purpose – This study aims to analyze the role of transformational leadership in improving the quality of public services in the digital era. It examines how transformational leadership supports digital transformation, service innovation, and citizen-oriented public service delivery. Design/methodology/approach – This study adopts a qualitative approach with an interpretative case study design. Data were collected through in-depth interviews and observations involving purposively selected civil servants (ASN) at a local government agency in Makassar City. The data were analyzed using thematic analysis. Findings – The findings reveal that transformational leadership enhances public service quality by fostering a digital transformation vision, encouraging service innovation, and promoting more responsive and citizen-oriented behaviors among public officials. It also creates a work environment that is adaptive to technological change. However, its implementation is constrained by limited digital competencies, resistance to change, and technical challenges in digital service systems. Originality/Value – This study highlights transformational leadership as a critical driver of public service quality in the digital era. It contributes to the public administration literature by emphasizing the importance of integrating leadership, human resource capacity development, and digital infrastructure to achieve sustainable, citizen-centered public services.

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name
M. Miftach Fakhri

Contact Email
fakhri@diginus.id

Phone
+6282296263711

Journal Mail Official
andika.isma@unm.ac.id

Editorial Address
Antang, Makassar, South Sulawesi, Indonesia

Location
Kota makassar,

Sulawesi selatan

INDONESIA

Abstract

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name M. Miftach Fakhri

Contact Email fakhri@diginus.id

Phone +6282296263711

Journal Mail Official andika.isma@unm.ac.id

Editorial Address Antang, Makassar, South Sulawesi, Indonesia

Location Kota makassar, Sulawesi selatan INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
M. Miftach Fakhri

Contact Email
fakhri@diginus.id

Phone
+6282296263711

Journal Mail Official
andika.isma@unm.ac.id

Editorial Address
Antang, Makassar, South Sulawesi, Indonesia

Location
Kota makassar,

Sulawesi selatan

INDONESIA