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Enrichment: Journal of Multidisciplinary Research and Development
ISSN : -     EISSN : 29873398     DOI : https://doi.org/10.55324
Enrichment: Journal of Multidisciplinary Research and Development is a double-blind, peer-reviewed journal covering multidisciplinary issues. Monthly published by International Journal Labs, the journal serves as a means of relevant discussion that fall within its focus and scopes. This journal publishes research articles covering multidisciplinary sciences, including humanities and social sciences, education, religious sciences, philosophy, economics, engineering sciences, and health sciences.
Arjuna Subject : Umum - Umum
Articles 530 Documents
Financial Resilience as Mediator in ESG Risk Rating, Leverage and Profitability Toward Firm Value Mulyasari, Rini; Siswanti , Indra
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.619

Abstract

This study examines the effects of ESG Risk Rating, leverage, and profitability on firm value, and tests whether financial resilience (Economic Value Added/EVA) mediates these relationships among firms in the IDX ESG Leaders index during 2020–2024. The study employs quantitative panel-data regression with purposive sampling and balanced panel observations. Model selection is conducted using Chow, Hausman, and Lagrange Multiplier (LM) tests. Mediation is tested using the Sobel test. ESG Risk Rating, leverage, and profitability significantly affect firm value. ESG Risk Rating and leverage significantly affect EVA, while profitability does not significantly affect EVA. EVA significantly affects firm value. Sobel results confirm that EVA mediates the effects of ESG Risk Rating and leverage on firm value, but does not mediate profitability’s effect on firm value. Financial resilience (EVA) functions as an intervening mechanism for ESG Risk Rating and leverage in explaining firm value in IDX ESG Leaders firms, while profitability influences firm value primarily through direct effects rather than via EVA.
The Impact of Gender Diversity and Capital Adequacy on ESG Disclosure, Mediated by Financial Performance in KBMI 3 & 4 Banks Amany, Azka; Siswanti, Indra
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.620

Abstract

This research aims to analyze the influence of green finance, gender diversity, and capital adequacy on Environmental, Social, and Governance (ESG) disclosure, with financial performance (ROA) as a mediating variable, focusing on banks in the KBMI 3 and 4 categories for the 2021-2024 period. The background of this study is driven by the increasing demand for sustainability transparency in the banking sector and the importance of understanding the mechanisms that encourage comprehensive ESG disclosure. The research methodology employs a quantitative approach using panel data from 10 KBMI 3 and 4 category banks listed on the Indonesia Stock Exchange between 2021 and 2024, utilizing path analysis and the Sobel test. Data were sourced from annual reports and Refinitiv Eikon ESG scores. The results indicate that green finance, gender diversity, and capital adequacy do not have a significant direct effect on ESG disclosure. Conversely, financial performance (ROA) is proven to have a significant positive effect on ESG disclosure and is able to partially mediate the influence of green finance and capital adequacy; however, it does not mediate the effect of gender diversity on ESG disclosure. These findings underscore the importance of improving financial performance to drive sustainability practices in the banking sector, as well as the need for policies that encourage more effective integration between financial and non-financial aspects in sustainability reporting.
The Effect of Sustainability Report Disclosure and Non-Performing Loans on Company Value Through Financial Performance at KBMI 3 and KBMI 4 Banks Deriyansyah, Deriyansyah; Siswanti, Indra
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.622

Abstract

Fluctuations in the Price to Book Value (PBV) of KBMI 3 and KBMI 4 banks during 2021–2024 indicate that market valuation in the Indonesian banking sector remains sensitive to profitability and risk dynamics. While sustainability report disclosure and green finance have been increasingly promoted under the Sustainable Finance Roadmap, their direct contribution to firm value remains debatable. This study examines the effect of sustainability report disclosure, non-performing loans (NPL), and green finance on firm value, with financial performance as proxied by Return on Assets (ROA) as a mediating variable. Using panel data from 10 KBMI 3 and KBMI 4 banks listed on the Indonesia Stock Exchange over the 2021–2024 period, the analysis employs a Fixed Effects Model and mediation testing through path analysis. The results show that sustainability disclosure, NPL, and green finance do not directly influence firm value. However, ROA has a positive and significant effect on PBV. Sustainability reports and green finance significantly improve ROA, while NPL negatively affects it. Mediation testing confirms that financial performance bridges sustainability practices and credit risk management with firm value. This study demonstrates that sustainability initiatives contribute to firm value only when translated into measurable profitability, highlighting ROA as the critical transmission mechanism in Indonesian banking.
CSR, Social Media, Perceived Value, and Customer Loyalty in Fast-Food SMEs Marzuki, Marzuki; Imaningsih, Erna Sofriana
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.623

Abstract

The fast-food SME partnership sector faces increasingly intense competition alongside rapid digital transformation. Business partners demand transparent communication, consistent operational support, and strong brand value to sustain profitability and long-term collaboration. Sukaku Fried Chicken experienced fluctuations in partner turnover, indicating that Corporate Social Responsibility (CSR), social media marketing, and perceived value may not yet be optimally translated into satisfaction and loyalty. Strengthening strategic alignment among these variables is therefore essential to maintain sustainable partner relationships. This study aims to analyze the influence of Corporate Social Responsibility (CSR), social media marketing, and perceived value on customer loyalty, with customer satisfaction as a mediating variable in the SME fast-food partnership context. This research employed a quantitative survey design involving 163 Sukaku Fried Chicken business partners selected through purposive sampling. Data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) to examine both direct and indirect relationships among variables. The findings reveal that CSR directly influences customer loyalty but does not significantly affect customer satisfaction. Social media marketing and perceived value significantly influence customer satisfaction, and customer satisfaction significantly influences loyalty. Furthermore, customer satisfaction fully mediates the effects of social media marketing and perceived value on loyalty, but does not mediate the relationship between CSR and loyalty. Customer satisfaction plays a central mediating role in building loyalty within SME partnerships. Managerially, the company should prioritize satisfaction-driven strategies by strengthening interactive digital engagement, enhancing perceived partner benefits, and aligning CSR initiatives with tangible partner impacts to ensure sustainable business loyalty.
Impact of ESG Performance on Company Value: Financial Performance as a Mediator in Coal Mining Companies Firmansyah, Aditya; Siswanti, Indra
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.624

Abstract

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) performance on firm value with financial performance as a mediating variable in coal mining subsector companies listed on the Indonesia Stock Exchange. This research applies a quantitative approach with a causal research design. The population consists of 16 coal mining subsector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The sampling technique employed was purposive sampling, resulting in 8 companies that met the research criteria, with a total of 40 observations. The study uses secondary data obtained from financial statements and sustainability reports. Data analysis methods include descriptive statistics, panel data regression analysis, and the Sobel test, using EViews 12 software. The results indicate that Environmental, Social, and Governance performance partially shows varying effects on firm value. ESG performance significantly influences financial performance. Furthermore, financial performance proxied by Return on Assets (ROA) has a positive and significant effect on firm value. Mediation testing reveals that financial performance mediates the relationship between ESG performance and firm value. These findings indicate that ESG implementation can enhance firm value through improved financial performance.
The Influence of Price Perception and Product Quality on Solar Panel Purchase Intention Mediated by E-WOM Cahya Mulyadi, William; Bambang Sugiyanto, Liem
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.625

Abstract

The solar panel industry in Indonesia is experiencing significant growth in line with increasing energy needs and awareness of renewable energy. However, consumers' purchasing decisions are not only influenced by economic and technical factors, but also by the dynamics of digital communication. This study aims to analyze the influence of Price Perception and Product Quality on Purchase Intention, with Electronic Word of Mouth (E-WOM) as a mediating variable. The study used a quantitative approach through an online survey of 282 respondents, analyzed using the PLS-SEM method. The results of the study show that Price Perception has a positive and significant effect on E-WOM and Purchase Intention, while Product Quality does not have a significant direct effect on E-WOM and Purchase Intention. E-WOM has been shown to play a significant role in increasing Purchase Intention and mediating the relationship between Price Perception and Purchase Intention. The novelty of this research lies in the affirmation of the role of E-WOM as the main mechanism in explaining purchase intention toward solar panels in Indonesia, where the influence of experience and digital recommendations is more dominant than the perception of product quality alone. These findings provide strategic implications for industry players to optimize price value communication and digital reputation management to increase renewable energy adoption intentions.
The Influence of E-WOM and Product Quality on Purchase Intention Mediated by Brand Image Setianti, Tiara; Sugiyanto, Liem Bambang
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.626

Abstract

The skincare industry in Indonesia has grown rapidly due to increasing awareness of skin health and the influence of social media. However, variations in consumer experiences and online reviews often result in a misalignment between brand image and purchase intention, including for the local skincare brand Wardah. This study aims to examine the effect of Electronic Word of Mouth (E-WOM) and Product Quality on Purchase Intention, with Brand Image as a mediating variable. A quantitative approach was employed using a structured online survey, and the data were analyzed with Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results show that E-WOM and Product Quality positively influence Brand Image. Brand Image also has a positive impact on Purchase Intention. Furthermore, E-WOM and Product Quality positively affect Purchase Intention both directly and indirectly through Brand Image. These findings highlight that consumer reviews and product quality serve as strategic drivers in shaping brand image and enhancing the purchase intentions of Wardah skincare consumers in Indonesia.
Development of A Model for Strengthening Teacher Capacity Through School Quality Reports at SMP Negeri 2 Telaga Ansar, Ansar; Sumar, Warni Tune; Akadji, Fachrudin
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.628

Abstract

This research aims to analyze teacher capacity building at State Middle Schools in Telaga District, Gorontalo Regency, focusing on four main aspects: program planning, learning implementation, assessment of student learning outcomes, and development of teacher professional activities. This research uses a quantitative descriptive percentage method, analyzed using descriptive techniques and formula-based calculations, in the sense that each question item in the questionnaire is tabulated to obtain the percentage for each indicator, which is then presented in diagrams and further analyzed using interviews with respondents to support the percentage findings. The research results show that (1) program planning at State Middle Schools in Telaga District, Gorontalo Regency, is in the good category with a percentage of 91%. (2) The implementation of learning at State Middle Schools in Telaga District, Gorontalo Regency, is in the good category with a percentage of 86%. (3) The assessment of learning outcomes at State Middle Schools in Telaga District, Gorontalo Regency, is in the good category with a percentage of 88%. (4) The development of teacher professional activities at State Middle Schools in Telaga District, Gorontalo Regency, is in the good category with a percentage of 84%.
The Important Role of Strategic Management in Product Development Afriati, Shofie; Fatwa, Nur; Rizqullah, Rizqullah
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.629

Abstract

Product development in the digital and global era faces the dynamics of VUCA that demand organizations align long-term vision with innovation, resources, and governance decisions. Without a strategic framework, product development tends to be reactive, inconsistent, and vulnerable to market changes. Objective: This article describes the role of strategic management in product development as well as how management functions (POAC) and SWOT analysis can be used to strengthen competitiveness. The research uses a descriptive-analytical approach through literature studies and field research in the form of interviews, observations, and documentation on the Human Capital unit at a state-owned bank and supporting companies. The data are analyzed by reduction, presentation, and drawing conclusions. The findings confirm that integrated planning, organizing, actuating, and controlling guide product development decision-making, while SWOT helps map internal strengths and weaknesses and external opportunities and threats to formulate strategy priorities. From an Islamic perspective, the concept of al-governance emphasizes order, trust, and deliberation so that strategic practices have an ethical dimension that strengthens organizational discipline and accountability in decision-making. The VUCA framework clarifies the need for agility, scenario planning, data-driven decision-making, collaboration, and resilience for organizations to be able to adapt and innovate. Strategic management serves as a mechanism for aligning goals, strategies, and evaluations that improve organizational resilience and product development effectiveness in complex business environments.
Strategy to Enhance Competitive Advantage Through Culture Analysis and Customer Behaviors on the Iron Clan Jewelry Brand Gozali Tahir, Yudha Aditya; Madiawati, Putu Nina; Pradana, Mahir
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 12 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i12.538

Abstract

This research aims to analyze strategies to increase competitive advantage through cultural analysis and customer behavior in the Iron Clan Jewelry brand. The jewelry industry in Indonesia showed significant growth, with an export value of USD 547.5 million in December 2023. However, jewelry companies face challenges in understanding increasingly complex and dynamic consumer preferences. This study uses a quantitative approach with the Partial Least Squares Structural Equation Modeling (PLS-SEM) method to analyze the relationship between variables. Data were collected through a survey of 384 respondents who are consumers or potential consumers of Iron Clan Jewelry in the Greater Bandung area. The research results indicate that cultural analysis and customer behavior significantly influence competitive advantage, with product innovation serving as a key mediator in this relationship. Furthermore, regulation moderates these dynamics, shaping the extent to which cultural insights and consumer feedback can be effectively translated into market advantages. The findings suggest that a deep understanding of cultural values and consumer behavior patterns enables companies to design more relevant and differentiated products, thereby strengthening their competitive position. This study provides strategic recommendations for jewelry brands to leverage cultural insights and adaptive innovation processes while aligning with regulatory frameworks to achieve sustainable growth in a competitive market.

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