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Contact Name
Auliya Rosiana
Contact Email
ijemr@smartindo.org
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+6281386831183
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ijemr@smartindo.org
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Jl. Kenari No.44A, Muja Muju, Kec. Umbulharjo, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55165
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Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW
ISSN : -     EISSN : 29643007     DOI : 10.58765
The main subjects for economics cover national macroeconomic issues, international economic issues, interactions of national and regional economies, microeconomics and macroeconomics policies. The journal also considers thought-leading substantive research in the finance discipline. The main subjects for management include management decisions, Small Medium Enterprises (SME) practices, corporate social policies, digital marketing strategies and strategic management.
Articles 7 Documents
Search results for , issue "Vol 3 No 3 (2025): Current issue 8" : 7 Documents clear
Digital Transformation as a Driver of Innovative Behavior: the Mediating Roles of HR Analytics and Psychological Well-being at the Library and Archives Office of Bantul Regency Devianti, Regina; Subiyanto, Didik; Ratna Purnamarini, Tri
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.275

Abstract

Purpose - This study aims to examine the influence of digital transformation as a driver of innovative behavior, with HR analytics and psychological well-being serving as mediating variables within the Bantul Regency Library and Archives Office. The study involved all 48 employees aged 20–50 years through direct questionnaire distribution. Data analysis was conducted using AMOS version 22 with Structural Equation Modeling (SEM), including outer model testing (validity and reliability), inner model testing (goodness-of-fit indices), and hypothesis testing. The findings indicate that digital transformation significantly influences both HR analytics and psychological well-being but does not directly affect innovative behavior. HR analytics shows no significant relationship with innovative behavior and does not mediate the effect of digital transformation. Psychological well-being, however, has a significant and positive impact on innovative behavior and serves as a partial mediator in the relationship between digital transformation and innovation. These results suggest that while technological advancement is important, its effectiveness in promoting innovation is enhanced when employee psychological well-being is also supported. This highlights the need for public institutions to integrate digital transformation strategies with initiatives that foster employee well-being, thereby cultivating a work environment that encourages innovation. Design/methodology/approach - This research uses a quantitative approach with a survey method. The population consists of all employees at the Library and Archives Office in Bantul Regency, and the study employed a saturated sampling technique, where the entire population was used as the research sample. Data were collected using Likert-scale questionnaires and analyzed using Structural Equation Modeling (SEM) with AMOS software. Validity and reliability tests were conducted to ensure the quality of the instrument, and the mediation effects were examined through bootstrapping procedures. Originality -  This study provides novel insights into how digital transformation, often discussed in private sector contexts, operates in a local public government institution. It extends the literature by testing the dual mediating roles of HR analytics and psychological well-being, offering a more holistic view of innovation enablement in bureaucratic settings. Findings and Discussion - The study examined seven hypotheses to understand how digital transformation influences innovative behavior through HR analytics and psychological well-being. The results revealed that digital transformation significantly improves HR analytics and psychological well-being, but does not directly affect innovative behavior. HR analytics was not found to have a significant effect on innovative behavior, nor did it mediate the relationship between digital transformation and innovation. In contrast, psychological well-being showed a strong positive influence on innovative behavior and partially mediated the impact of digital transformation, highlighting its critical role. These findings suggest that while digital tools are essential for operational enhancement, it is the psychological state of employees that ultimately drives innovation within public institutions. Conclusion - This study concludes that digital transformation in public institutions does not directly promote innovative behavior but exerts its influence through the psychological well-being of employees. While HR analytics reflects a technological advancement in human resource management, it does not significantly contribute to fostering innovation in the observed context. In contrast, psychological well-being emerges as a key mediating factor, enabling civil servants to engage more confidently in innovative actions. These findings underscore the importance of integrating employee-centered strategies particularly those enhancing mental and emotional resilience into digital transformation initiatives. For public sector innovation to thrive, digital tools must be complemented by supportive work environments that nurture psychological health and motivation.
The Impact of Workforce Diversity and Employee Commitment on Innovation Performance Case Study: PT Taman Wisata Candi Borobudur, Prambanan, and Ratu Boko (Injourney Destination Management) Saktry, Nafido Hatmaja; Wahyuningtyas, Ratri
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.280

Abstract

Purpose - This study aims to examine the influence of workforce diversity and employee commitment on innovation performance at Injourney Destination Management (IDM), a state-owned tourism enterprise in Indonesia. The research addresses how variations in demographic attributes and levels of commitment among employees contribute to innovation outcomes within the organization. Design/methodology/approach - A quantitative research method with a causal-descriptive design was applied. Data were collected through structured questionnaires distributed to 154 employees and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4. Validity and reliability were tested through AVE, CR, and Cronbach's Alpha. Hypotheses were assessed using t-statistics and p-values. Originality -  The novelty of this study lies in its integrated assessment of workforce diversity and employee commitment as combined predictors of innovation performance in a government-owned tourism organization. Such an approach remains relatively underexplored in the context of Indonesia’s public sector tourism industry. Findings and Discussion - The results show that both workforce diversity and employee commitment significantly and positively influence innovation performance. Workforce diversity, particularly across gender, age, ethnicity, and education, was found to foster creative outputs. Meanwhile, affective and normative aspects of commitment played a key role in strengthening employee contributions to innovation. The R² value of 0.404 and Q² value of 0.357 indicate a moderate to strong explanatory and predictive relevance of the model. Conclusion - This study concludes that diversity in the workplace and strong employee commitment are critical drivers of innovation performance. The findings underscore the need for inclusive HR practices and emotional engagement strategies to optimize innovation, especially within public-sector tourism enterprises. Future research is encouraged to explore alternative constructs and employ longitudinal methods for broader generalization.  
Optimization of Stock Portfolio Investment on the IDXHIDIV20 Index Using the Single Index Model and Markowitz Model Approach for Beginner Investors Hamudin, Piko; Yunita, Irni
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.283

Abstract

Purpose - This study investigates the construction of optimal stock portfolios using the Single Index Model (SIM) and the Markowitz Mean-Variance Model (MM), applied to the IDX High Dividend 20 (IDXHIDIV20) index. With a growing number of novice investors in Indonesia, understanding which classical model offers better guidance for dividend-oriented investing is increasingly essential. Design/methodology/approach - A descriptive quantitative approach was used, employing weekly secondary data of 20 IDXHIDIV20 constituents from 2019 to 2024. The SIM was applied through regression-based estimations and excess return-to-beta ranking, while the Markowitz Model utilized a full variance-covariance matrix with Excel Solver optimization. Originality -  This research contributes empirical evidence to modern portfolio theory by comparing the effectiveness of SIM and MM in the context of novice investors in emerging markets. It also incorporates the relevance of sustainability factors through dividend strategies. Findings and Discussion - The Markowitz portfolio consistently outperforms the SIM portfolio in both return and risk dimensions, achieving an expected annual return of 23.56% with a standard deviation of 2.81%, compared to SIM's 22.96% return with 5.89% volatility. While the SIM offers practical simplicity for novice investors, the MM provides superior diversification through covariance-based optimization. These findings validate the importance of robust model selection in portfolio strategy. Conclusion - The Markowitz Model is preferable for investors with access to analytical tools and data due to its superior risk-return performance, while SIM remains a valuable approach for those with limited resources. The study enhances financial education and supports informed investment decisions for dividend-focused strategies in emerging markets.
The Influence of Occupational Stress on Turnover Intention with Perceived Labor Market Condition as a Mediating Variable at PT IMB Yogyakarta Maharani, Maharani; Hadi, Syamsul; Kirana, Kusuma Chandra
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.352

Abstract

Purpose - This study aims to examine the influence of occupational stress on employees' turnover intention at PT IMB Yogyakarta, with perceived labor market condition as a mediating variable. Design/methodology/approach - The approach used in this study is quantitative with a survey method. The research sample consisted of 94 employees at PT IMB Yogyakarta selected using a non probability sampling.technique. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the SmartPLS software. Originality -  This study contributes to the understanding of how occupational stress impacts employees' intention to leave an organization, and how perceived labor market condition plays a role in mediating that relationship, especially within the high-pressure work culture context of a private company. Findings and Discussion - The findings indicate that occupational stress has a positive and significant effect on turnover intention. However, perceived labor market condition also plays an important role by mediating the impact of stress. Employees who perceive that external job opportunities are limited may delay their resignation decisions even under stressful conditions. Conclusion - These results suggest that reducing occupational stress and improving job satisfaction are essential to retaining employees. Additionally, understanding the dynamics of perceived labor market conditions can help companies develop better HR strategies in competitive environments.
The Relationship Between the Use of Information Technology and Work Motivation on Work Productivity of Surakarta City Government Employees Rahmawati, Wiedy; Suyatno, Agus; Rahmawati, Esti Dwi
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.354

Abstract

Purpose - This study aims to examine the influence of information technology utilization and work motivation on the work productivity of civil servants at the Surakarta City Government. It emphasizes the importance of digital transformation and internal motivation in enhancing bureaucratic performance. Design/methodology/approach - This quantitative research employed a survey distributed to 100 respondents selected through cluster sampling across 10 government departments. Data were analyzed using Structural Equation Modeling (SEM-PLS) with the assistance of SmartPLS 4 software. Originality -  This study contributes to the ongoing discourse on public sector digitalization by simultaneously assessing the relative influence of technology adoption and work motivation on productivity outcomes in a regional government setting. Findings and Discussion - The findings reveal that both variables significantly affect productivity. Work motivation had a stronger effect (coefficient = 0.751; p < 0.001) than information technology (coefficient = 0.154; p < 0.05). These results indicate that motivational factors are primary drivers of employee performance, while technology acts as a complementary enabler. Conclusion - The study suggests the need for dual-strategy implementation: strengthening internal motivation through supportive policies and improving technology adoption via training and user-centered design to optimize productivity gains in public services.
Analysis of Factors Affecting Economic Growth and Poverty in Nigeria: A Panel Data Approach Emmanuel Agbeni, Kehinde; Okonkwo Chukwu, Charity; Adebayo Anya, Anya; Oluwabusayo Donatus, Mercy
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.359

Abstract

Purpose - This study examines the key factors influencing economic growth and poverty reduction in Nigeria, with a focus on investment, government spending, exchange rates, infrastructure, and population dynamics. It explores how these variables interact to shape poverty outcomes in the Nigerian context. Design/methodology/approach - The study employs panel data regression analysis using secondary data from the Central Bank of Nigeria, World Bank Development Indicators, and National Bureau of Statistics, covering 1990–2022. Path analysis was used to capture both direct and indirect effects. Key regression results show that investment significantly drives GDP growth (β = 0.312, p < 0.05), while government spending positively impacts poverty reduction through its effect on output. However, population growth exerts pressure on poverty levels, weakening the gains from GDP growth. Originality -  Unlike previous studies that often treat growth and poverty separately, this paper integrates the two, offering fresh empirical insights into how macroeconomic variables simultaneously influence Nigeria’s growth-poverty nexus. Findings and Discussion - The findings indicate that expansion in investment and infrastructure improves growth outcomes, which in turn reduce poverty. For example, the regression shows that a 1% increase in investment raises GDP by 0.35%, while a 1% rise in government expenditure reduces poverty incidence by 0.22%. Yet, persistent exchange rate fluctuations and high population growth counter these gains, limiting poverty reduction. Conclusion - The study concludes that targeted investment, stable fiscal policies, and stronger infrastructure development are essential to accelerate growth and achieve poverty reduction in Nigeria. Policy reforms should address population pressures and exchange rate instability to ensure sustainable economic progress.
The Role of Financial Literacy in Moderating the Influence of Digital Payments and Lifestyle on Financial Management Behavior of Generation Z in Palu City Pakawaru, Muhammad Ilham; Bakry, Mohammad Iqbal; Muliati; Mile, Yuldi; Tanra, Andi Ainil Mufidah
INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Vol 3 No 3 (2025): Current issue 8
Publisher : SMARTINDO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58765/ijemr.v3i3.365

Abstract

Purpose – This study aims to examine the role of financial literacy in moderating the influence of digital payments and lifestyle on the financial management behaviour of Generation Z in Palu City. Design/methodology/approach – The sample consisted of 210 Generation Z respondents residing in Palu who use digital or non-cash payment methods in their transactions. Data were analysed using WarpPLS 7.0. Originality - These findings highlight that good financial literacy helps individuals recognise the impact of lifestyle on their finances and take appropriate steps to manage expenditures more effectively as a form of self-control. Findings and Discussion – The results show that digital payments have a direct influence on the financial management behaviour of Generation Z in Palu City, while lifestyle has no direct effect. Financial literacy weakens the impact of lifestyle on financial management behaviour, but strengthens the impact of digital payments on financial management behaviour. The adoption of digital payments reflects Generation Z’s adaptation to technological developments that increasingly promote non-cash transactions in Palu and Indonesia in general, providing convenience in payment processes. Conclusion – This study implies that financial literacy can serve as a controlling factor (a tangible form of perceived behavioural control), bridging the gap between consumptive intentions and actual behaviour. For this reason, the government and financial institutions may employ financial literacy as a preventive strategy to mitigate debt-related issues, particularly among younger generations with digital and consumptive lifestyles.

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