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Contact Name
Danang
Contact Email
ahmad.ashifuddin@gmail.com
Phone
+6282227778940
Journal Mail Official
Amik@jurnal.itbsemarang.ac.id
Editorial Address
Jl. Jenderal Sudirman No. 346 Semarang Jawa Tengah Indonesia
Location
Kota semarang,
Jawa tengah
INDONESIA
Jurnal Riset Manajemen
ISSN : 29856221     EISSN : 29857627     DOI : 10.54066
Core Subject : Science,
Manajemen Sumberdaya Manusia , Manajemen Keuangan, Manajemen Pemasaran, Manajemen Sektor Publik, Manajemen Operasional, Manajemen Rantai Pasokan, Corporate Governance, Etika Bisnis, Akuntansi Manajemen dan Pasar Modal dan Investasi.
Articles 360 Documents
Pengaruh Harga dan Promosi terhadap Minat Membeli Produk Cicil Emas di PT Pegadaian Cabang Palembang Shabirah Mayzahra; M Yusuf; Andriansyah Bari
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4800

Abstract

Along with the increase in gold prices and the high need for alternative gold purchases in installments, there has also been an increase in public interest in gold investment. This condition causes competition between financial institutions in offering gold installment products, and requires PT Pegadaian to understand the factors that affect customer interest. This study uses a quantitative method with a descriptive approach. The respondents in this study amounted to 100 respondents who were determined by the Lemeshow formula with a simple random sampling technique. Data collection was carried out through a questionnaire with a likert scale. The data were analyzed by descriptive statistical analysis, instrument test, classical assumption test, and multiple linear regression analysis with the help of the SPSS program.  Based on the results of the simultaneous test, it is known that the significance value is < 0.001 where this value is less than 0.05, so that prices and promotions have a positive and significant effect on the interest in buying gold installment products. In addition, the partial test showed that the significance value for the Price variable was 0.003 < 0.05 with a tcal value of 3.092 > 1.96, and the significance value of the Promotion variable was 0.001 < 0.05 with a tcal value of 3.746 > 1.96. This means that partially, prices and promotions also affect the interest in buying gold installment products at PT Pegadaian Palembang Branch.
Analisis Manajemen Risiko Keselamatan Pengunjung pada Area Wahana Air dalam Mendukung Keberlanjutan Wisata Bahari Lamongan (WBL) Yasmien Malihah Taroid
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4804

Abstract

This study aims to analyze the implementation of visitor safety risk management in water attraction areas as an effort to support the sustainability of Wisata Bahari Lamongan (WBL). A descriptive qualitative approach was employed, utilizing data collection techniques such as semi-structured interviews, observation, and documentation. Informants were selected purposively and included the HR Manager, Health, Safety, and Environment (HSE) staff, ride attendants, and visitors. The results indicate that potential safety risks include physical hazards, environmental conditions, and visitor behaviors that fail to comply with regulations. To mitigate these risks, management has implemented various measures, such as establishing standard operating procedures (SOPs), providing safety equipment, ensuring staff supervision, and managing emergency situations. However, the implementation of risk management still faces challenges, particularly regarding the consistency of personnel in executing procedures and the level of visitor compliance with safety rules. The findings also demonstrate that effective risk management fosters a sense of safety and comfort among visitors, enhances satisfaction, and encourages repeat visits. Thus, strengthening risk management implementation is a crucial factor in maintaining service quality while supporting the sustainability of Wisata Bahari Lamongan.
Analisis Kinerja Keuangan PT Aneka Tambang TBK Menggunakan Rasio Solvabilitas dan Profitabilitas Firgin Fan Helen; Dewi Fadila; Heni Yuvita
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4815

Abstract

This research is motivated by financial fluctuations and uncertainty of profitability trends in the raw materials sector, due to suboptimal operational efficiency. This research aims to analyze and evaluate the company's financial performance based on financial ratios. The research was conducted online by collecting financial statements from the Indonesia Stock Exchange (IDX). The population includes all raw goods sector companies listed on the IDX for the 2016-2025 period, using purposive sampling techniques  to obtain company samples. The data collection method applied is secondary data documentation, especially financial position (balance sheet) and income statements. The data analysis technique used was a descriptive quantitative analysis by calculating the ratio of liquidity, activity, solvency, and profitability, which was then directly compared to the industry average standard. The results of the study show that: (1) the company's solvency ratio is relatively good, and (2) the profitability ratio is still below the industry standard. Overall, PT Aneka Tambang has a sound capital structure, but still needs to improve the effectiveness of asset and equity use to increase profitability.
Pengaruh Kualitas Pelayanan, Promosi dan Harga terhadap Keputusan Pembelian: Studi Kasus Dimsum Narawi Soreang Bandung Erma Septiana; Myra Andriana
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4828

Abstract

This study aims to analyze the influence of service quality, promotion, and price on purchasing decisions at Dimsum Narawi Soreang, Bandung. This research employed a quantitative approach with an explanatory research design. The population consisted of consumers who had purchased Dimsum Narawi products, while the sample comprised 32 respondents selected using purposive sampling. Data were collected through questionnaires using a five-point Likert scale and analyzed using multiple linear regression with IBM SPSS. The results indicate that service quality, promotion, and price each have a positive and significant effect on purchasing decisions. Simultaneously, these three variables also significantly influence purchasing decisions, with an adjusted coefficient of determination (Adjusted R²) of 0.410, indicating that 41% of the variation in purchasing decisions can be explained by the variables examined in this study. These findings suggest that improving service quality, implementing effective promotional strategies, and establishing competitive pricing are important factors in enhancing consumer purchasing decisions. The study provides practical implications for culinary micro, small, and medium enterprises (MSMEs) in developing integrated marketing strategies to improve business competitiveness and customer loyalty.
Pengaruh Praktik Transfer Pricing, Struktur Modal dan Kebijakan Dividen terhadap Nilai Perusahaan Repyssa Adisetiawan; R. Dwi Sunu Kanto
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4839

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh praktik transfer pricing, struktur modal, dan kebijakan dividen terhadap nilai perusahaan pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia selama periode 2019–2025. Penelitian ini menggunakan pendekatan kuantitatif dengan desain penelitian kausal dan menggunakan data sekunder yang diperoleh dari laporan keuangan, laporan tahunan, Catatan atas Laporan Keuangan, dan data pasar modal. Sampel dipilih menggunakan teknik purposive sampling, menghasilkan 14 perusahaan dengan 98 observasi perusahaan-tahun. Data dianalisis menggunakan regresi data panel dengan Model Efek Acak melalui EViews 13. Hasil penelitian menunjukkan bahwa transfer pricing, yang diwakili oleh Rasio Piutang Transaksi Pihak Terkait, tidak memiliki pengaruh signifikan terhadap nilai perusahaan. Struktur modal, yang diwakili oleh Rasio Utang terhadap Ekuitas, memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. Kebijakan dividen, yang diwakili oleh Rasio Pembayaran Dividen, juga memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. Secara simultan, ketiga variabel independen tersebut memiliki pengaruh signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa keputusan pembiayaan dan distribusi dividen memainkan peran yang lebih besar dalam menentukan nilai perusahaan daripada intensitas transaksi piutang antar pihak terkait.
Perbandingan Akurasi Prediksi Harga Saham Berbasis Analisis Fundamental dan Teknikal dengan Moderasi Volatilitas Pasar Dinartika Hukamawati; R. Dwi Sunu Kanto
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4840

Abstract

The Indonesian capital market faces stability challenges reflected in fluctuations in financial-sector stock prices during the 2020–2024 period. This study aims to compare the accuracy of stock price predictions based on fundamental and technical analysis and to examine the role of market volatility as a moderating variable. A quantitative approach was employed using panel data from 15 financial-sector issuers listed on the Indonesia Stock Exchange, comprising 18,150 daily observations. The analysis used Moderated Regression Analysis (MRA) with a Fixed Effect Robust technique, followed by post-forecast evaluation using RMSE, MAE, and MAPE, and a Mann-Whitney U Test to compare predictive accuracy. The results show that both fundamental and technical analysis significantly affect stock prices. However, the technical model demonstrates better predictive accuracy on a daily horizon based on RMSE, MAE, mean rank, and squared residuals. Market volatility has a direct negative and significant effect on stock prices, does not consistently moderate the relationship between fundamental analysis and stock prices, but partially moderates the technical relationship through the RSI indicator. These findings imply that prediction methods should be aligned with investment horizons and market volatility, with technical analysis being more suitable for short-term decisions while fundamental analysis remains relevant for long-term valuation.
Penilaian Harga Wajar Saham dengan Metode Price Earning Ratio (PER) dan Price to Book Value (PBV) pada PT Bumi Resources Tbk Periode 2021-2025 Erill Nassyar; Dewi Fadila; Heni Yuvita
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4844

Abstract

This study aims to assess the fair value of PT Bumi Resources Tbk's stock during the period 2021–2025 using the Price Earning Ratio (PER) and Price to Book Value (PBV) methods and to determine appropriate investment decisions based on the valuation results. This study is motivated by the high volatility of PT Bumi Resources Tbk's stock price, which does not always reflect the company's fundamental condition. The research uses a quantitative descriptive method with a fundamental analysis approach. The data used are secondary data obtained from annual reports, financial statements, and stock price data of PT Bumi Resources Tbk during 2021–2025. The analysis involves calculating Earnings Per Share (EPS), Book Value Per Share (BVPS), PER, PBV, and estimating stock fair value through both valuation methods. The results show that the PER and PBV methods can be applied to estimate the fair value of PT Bumi Resources Tbk's stock. The comparison between market price and estimated fair value indicates that the stock experienced undervalued and overvalued conditions in different periods. Therefore, PER and PBV methods can support investors in making rational investment decisions based on fundamental performance.
Pengaruh Work-Life Balance dan Mutasi Pegawai terhadap Kinerja Pegawai dengan Kepuasan Kerja sebagai Variabel Mediasi Nuril Ulum Rosyid; R. Dwi Sunu Kanto
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 3 (2026): September: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i3.4845

Abstract

This study aims to analyze the effect of work-life balance and employee transfer on employee performance, with job satisfaction as a mediating variable at the Central Jakarta Regional Office of the Directorate General of Taxes (DGT). This study employed a quantitative approach using explanatory research. Primary data were collected through questionnaires distributed to 124 respondents selected using a probability sampling technique. The data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with SmartPLS software. The results indicate that work-life balance has a significant negative effect on job satisfaction, while employee transfer has a positive and significant effect on job satisfaction. Job satisfaction has a positive and significant effect on employee performance, and work-life balance also has a positive and significant effect on employee performance. In contrast, employee transfer does not have a significant direct effect on employee performance. The mediation analysis shows that job satisfaction partially mediates the relationship between work-life balance and employee performance through a competitive/inconsistent partial mediation pattern. Meanwhile, job satisfaction fully mediates the relationship between employee transfer and employee performance. These findings demonstrate that job satisfaction plays an important role as a psychological mechanism linking organizational policies to employee performance, particularly in the implementation of employee transfer policies at the Central Jakarta Regional Office of the Directorate General of Taxes.
Keseimbangan Investasi Berbasis Imbalan dalam Memediasi Keputusan Pendanaan Badan Usaha Milik Desa (BUMDes) di Karesidenan Surakarta Astohar Astohar; Sugiharti Sugiharti; Emi Wardati; Adilla Hesti Aresa
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 1 (2026): March: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i1.4890

Abstract

Village-Owned Enterprises (BUMDes) are established to improve the village economy by exploring and developing the potential available within the village. One of the challenges faced by BUMDes is capital availability, which is essential for business development and achieving common goals. This study aims to analyze the influence of Cognitive Bias and emotional bias on investment decisions, with reward-based investment balance as a mediating variable. The study employed a sample of 295 respondents from 102 BUMDes located across the Surakarta Residency. The sampling method used a combination of purposive sampling and cluster sampling, in which the selected BUMDes represented their respective regions and had investors from the community or community groups. Data were collected from BUMDes located in six regencies within the Surakarta Residency, excluding the City of Surakarta. The data were analyzed using Structural Equation Modeling (SEM) with the Analysis of Moment Structures (AMOS) program. The results indicate that Cognitive Bias and emotional bias significantly influence reward-based investment balance and investment decisions. Furthermore, reward-based investment balance significantly influences investment decisions. The findings also demonstrate that reward-based investment balance mediates the effects of Cognitive Bias and emotional bias on investment decisions.
Pengaruh Budaya Organisasi dan Lingkungan Kerja terhadap Kinerja Pegawai : Peran Mediasi Komunikasi Organisasi pada PT Marugo Rubber Indonesia Gito Prayudo
JURNAL RISET MANAJEMEN (JURMA) Vol 4 No 1 (2026): March: JURNAL RISET MANAJEMEN (JURMA)
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jurma.v4i1.4895

Abstract

This study examines the relationship between organizational culture, the work environment, and employee performance, while positioning organizational communication as a mechanism to explain these relationships at PT Marugo Rubber Indonesia. The study population consisted of 200 employees, with a sample size of 133 determined using Slovin's formula at a 5% margin of error. Respondents were selected via simple random sampling. A quantitative approach with an explanatory survey design was employed. Empirical data were collected using a five-point Likert scale questionnaire and subsequently analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) via SmartPLS. The results indicate that organizational culture has a positive and significant effect on both employee performance (β=0.371; p<0.001) and organizational communication (β=0.442; p<0.001). The work environment was also found to have a positive and significant effect on employee performance (β=0.522; p<0.001) and organizational communication (β=0.623; p<0.001). Conversely, organizational communication did not exert a significant influence on employee performance (β=0.171; p=0.068). Indirect effects were also insignificant; thus, organizational communication was not proven to mediate the relationship between organizational culture or the work environment and employee performance. An R² value of 0.543 indicates the explanatory power of organizational culture and the work environment regarding variations in organizational communication, while the employee performance model demonstrated an explanatory power of 56.7%.