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Journal of Economics and Management Scienties
Published by Asia Pacific Network for Sustainable Agriculture, Food and Energy
ISSN : 26551934     EISSN : 26556685     DOI : https://doi.org/10.37034/jems
Core Subject : Economy, Science, Social,
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Library & Information Science Social Sciences
Journal of Economics and Management Scienties is a peer-reviewed open access journal covering applied issues in micro and macroeconomics, including (but not limited to): Political Economy Law and Economics Environmental Economics Innovation Economics Health Economics Gender Economics International Trade & Development Industrial Organization International Economics Labor Economics Accounting Money and Banking Green Growth Corporate Governance Human Resource Management Strategic Management Entrepreneurship Marketing E-business Services Information Technology Management Production & Operations Management Financial Management Decision Analysis Education Management Management Research Methods and Managerial Economics, etc.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 330 Documents
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Analisis Dampak ESOP Terhadap Kinerja Keuangan dan Produktivitas Karyawan PT BRI di BEI 2020-2024 Ramlah Ramlah; Sugianto Sugianto; Fikry Karim; Ilham Pakawaru
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.469

Abstract

This study analyzes the impact of the Employee Stock Ownership Plan (ESOP) on the financial performance and employee productivity of PT Bank Rakyat Indonesia (Persero) Tbk during the 2020–2024 period, employing a descriptive quantitative approach. Financial performance was measured via Return on Assets (ROA) and Return on Equity (ROE), while productivity was measured using operating income per employee. Analytical methods included descriptive statistics, a one-sample t-test, simple linear regression, and Pearson correlation analysis. Statistical results indicate that: (1) ROA and ROE did not differ significantly from national banking industry benchmarks (t-ROA=1.094, p=0.335; t-ROE=1.543, p=0.198; p>0.05), indicating financial performance stability; (2) the employee productivity trend showed a significant increase (β=73.644; R²=0.787; p=0.045), with a Pearson correlation of r=0.887 (p=0.045) and absolute growth of 96.90%-rising from IDR 334.12 million (2020) to IDR 658.02 million per employee (2024). These findings confirm hypotheses H1 and H2, support Agency Theory and Human Capital Theory, and imply that the ESOP serves as a strategic mechanism for corporate governance and human capital development in the post-pandemic recovery era.
Determinasi Keputusan Alumni Melanjutkan Studi di Universitas Asal: Peran Niat sebagai Mediasi Motivasi, Citra, dan Persepsi Kualitas Institusi Rehulina Desviora Sitepu; Metta Padmalia
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.470

Abstract

This study aims to analyze the factors influencing alumni decisions to pursue postgraduate studies by emphasizing the mediating role of intention. This research is motivated by a gap in previous studies, which generally position institutional image as a primary factor in higher education selection, yet remain limited in examining decisions to continue studies within the same institution, particularly in the context of alumni who already have direct experience with the institution. In addition, the declining proportion of alumni continuing their studies at their alma mater further underlines the importance of this study. A quantitative approach was employed, with data collected through a survey of 105 undergraduate alumni from a private university in East Java. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that study motivation and perceived institutional quality have a significant effect on the intention to pursue further studies, while institutional image does not have a significant effect. Furthermore, intention significantly influences the decision to pursue postgraduate studies, whereas the direct effects of study motivation, institutional image, and perceived institutional quality on the decision are not significant. These findings indicate that intention plays an important mediating role in the decision-making process to pursue further studies. The study suggests that higher education institutions should focus more on enhancing student motivation and engagement rather than relying solely on institutional image.
Pengaruh Market Orientation terhadap Kinerja UKM Art Market dengan Innovation Capability sebagai Variabel Mediasi Nasihatul Fadhilah; Damelina Basauli Tambunan
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.481

Abstract

This study aims to analyze the effect of Market Orientation (MO) on Innovation Capability (IC) and Business Performance (BP) in Art Market SMEs, as well as to examine the mediating role of IC in this relationship. The phenomenon underlying this study is the tendency of creative SMEs to rely on innovation driven by intrinsic factors such as passion, while paying less attention to market needs amid rapidly evolving global dynamics. This condition causes innovation to not necessarily generate an optimal impact on business performance. This study employs a quantitative approach using a survey method targeting SME actors or tenants participating in OMO Market Vol. 6 in Jakarta. Data analysis was conducted using Structural Equation Modelling (SEM) with SmartPLS software. The results show that Market Orientation has a positive and highly significant effect on Innovation Capability, with a path coefficient of 0.771, positioning it as a primary driver of innovation. Furthermore, Innovation Capability is proven to be the main driver of Business Performance, with a coefficient of 0.505. Another key finding indicates that the direct effect of Market Orientation on Business Performance is relatively lower (0.327) compared to its indirect effect through the mediation of Innovation Capability (0.390). In conclusion, Innovation Capability is a key factor that directly enhances the performance of creative SMEs. However, to achieve more optimal and sustainable performance, innovation capability must be grounded in market orientation to remain aligned with market dynamics.
The Impact of System Quality and Inventory Control on Inventory Management Effectiveness through Operational Performance Michael Austin Theos; Timotius FCW Sutrisno; Fahrul Riza
Journal of Economics and Management Scienties Volume 8 No. 4, September 2026 (Accepted)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i4.463

Abstract

This study examines the influence of Perceived System Quality and Perceived Inventory Control Effectiveness on Inventory Management Effectiveness, with Perceived Operational Performance acting as a mediating variable. Grounded in the Resource-Based View (RBV), this research explores how technological resources and organizational capabilities contribute to operational outcomes within the inventory management activities of Wilmar Group Indonesia. A quantitative explanatory approach was employed using survey data collected from 80 respondents involved in warehouse and inventory operations. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate both the measurement and structural models. Indicator purification was also conducted to ensure construct validity and reliability. The findings indicate that Perceived Operational Performance is the strongest determinant of Inventory Management Effectiveness. Perceived System Quality has both direct and indirect effects on Inventory Management Effectiveness, indicating partial mediation through operational performance. Meanwhile, Perceived Inventory Control Effectiveness does not directly influence Inventory Management Effectiveness but significantly affects it indirectly through operational performance, indicating full mediation. These results highlight that operational performance serves as the primary mechanism through which organizational resources and capabilities generate effective inventory outcomes. The study contributes to the Resource-Based View by emphasizing that competitive advantage in inventory management depends not only on resource availability but also on the firm’s ability to operationalize those resources effectively. Practically, organizations should prioritize strengthening operational performance to maximize the benefits of system quality and inventory control practices.
Service Integration as a Strategic Capability: Examining Its Impact on Customer Satisfaction in B2B Logistics Ely Yanty; Timotius FCW Sutrisno; Liliana Dewi
Journal of Economics and Management Scienties Volume 8 No. 4, September 2026 (Accepted)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i4.471

Abstract

The increasing complexity of supply chain operations driven by digitalization and global trade has intensified the need for integrated logistics solutions, particularly in Business-to-Business (B2B) contexts. This study examines the role of one-stop integrated logistics services in influencing customer satisfaction based on the Resource-Based View (RBV). A quantitative approach was used by collecting survey data from 100 B2B customers of integrated logistics providers in Indonesia and analyzing them using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that service integration positively and significantly affects customer satisfaction, both directly and indirectly through logistics service quality. Integration capability also improves logistics service quality and perceived value. However, only logistics service quality significantly influences customer satisfaction, while perceived value has no significant effect. Customer trust is also identified as a strong predictor of satisfaction, although its moderating role is unsupported. These results indicate that customer satisfaction in B2B logistics is mainly driven by operational reliability and trust rather than value considerations. Managerially, companies should strengthen service integration, operational performance, and customer trust to enhance satisfaction and long-term relationships.
Analisis Faktor-Faktor yang Mempengaruhi Pelanggan Dalam Mengadopsi Teknologi Pompanisasi Listrik Melalui Program Electrifying Agriculture di PT PLN (Persero) UP3 Ponorogo Dhani Kurniawan; Romauli Nainggolan
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.474

Abstract

The transformation of energy in the agricultural sector has become a central agenda in enhancing efficiency and sustainability. PT PLN (Persero), through the Electrifying Agriculture (EA) program, aims to promote the adoption of electric pumps among farmers. However, adoption rates vary significantly, influenced by multiple factors that have not been comprehensively identified. This study examines the determinants of farmers’ adoption decisions using the Diffusion of Innovations (DOI) theory, which comprises five key dimensions: Relative Advantage, Compatibility, Complexity, Trialability, and Observability, with Intention as a mediating variable. A quantitative approach was applied using Structural Equation Modeling – Partial Least Squares (SEM-PLS) with a sample of 379 farmers in the PT PLN (Persero) UP3 Ponorogo service area, selected through purposive sampling. The findings indicate that Relative Advantage and Compatibility significantly and positively influence adoption intention, whereas Complexity has a negative impact. Trialability and Observability also contribute moderately to adoption decisions. Intention significantly mediates the relationship between all five DOI dimensions and adoption behavior. These results provide strategic recommendations for PT PLN (Persero) to enhance the effectiveness of the Electrifying Agriculture program.
Pengaruh Kepemimpinan Digital, Pemasaran Digital, dan Kredibilitas Influencer terhadap Purchase Intention Wardah pada Konsumen Gen Z di Indonesia dengan Citra Merek sebagai Pemoderasi Fitri Noviana; Muhammad Junaid Kamaruddin
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.477

Abstract

This study aims to examine the influence of digital leadership, digital marketing, and influencer credibility on purchase intention for Wardah products among Gen Z consumers in Indonesia, using brand image as a moderating variable. To deepen our understanding of the factors that shape purchase intention in the digital age, it is important to ensure that halal cosmetics marketing strategies have a significant impact on younger age groups. This study employs a quantitative approach using the Structural Equation Modeling (PLS-SEM) method with SmartPLS 4.0 software. Data were collected via a questionnaire survey involving 130 respondents, comprising high school/vocational school students, college students, and the general public who have used Wardah products. The results indicate that digital marketing has a significant and positive influence on purchase intention, trust in influencers also has a significant and positive influence on purchase intention, and brand image also has a significant and positive influence on purchase intention. However, digital leadership does not show a significant influence on purchase intention. Furthermore, brand image does not act as a moderator in the relationship between digital leadership, digital marketing, and influencer credibility with purchase intention. This indicates that the better the digital marketing strategy and the influencer’s credibility, and the more positive the perceived brand image, the higher Gen Z consumers’ purchase intent for Wardah products.
Pengaruh Electronic Word of Mouth, Fintech, dan Kualitas Produk terhadap Keputusan Pembelian (Emina Cosmetics) pada Generasi Z dengan Citra Merek sebagai Pemoderasi Davhina Resta Mevia; Muhammad Junaid Kamaruddin
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.478

Abstract

This study aims to examine the influence of electronic word of mouth, fintech, and product quality on Generation Z’s purchasing decisions regarding Emina Cosmetics, with brand image serving as a moderating variable. The background of this study is based on the increasing number of online cosmetic transactions, leading Generation Z to increasingly rely on digital reviews, payment convenience (fintech), and product quality when making purchasing decisions. This study employs a quantitative approach using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method, analyzed using SmartPLS 4.0. Data were collected from 130 female Generation Z respondents including high school/vocational school students, college students, and the general public who use Emina Cosmetics products via a questionnaire. The results indicate that fintech and product quality have a positive and significant influence on purchasing decisions. Product quality is the primary consideration as it encompasses reliability, durability, and alignment with product specifications. Fintech also accelerates purchasing decisions by providing the convenience and speed of digital transactions. Brand image was found to have a positive and significant influence on purchasing decisions. Conversely, electronic word of mouth did not have a significant effect on purchasing decisions. Furthermore, brand image was unable to moderate the influence of electronic word of mouth, fintech, or product quality on purchasing decisions.
Analisis Kepuasan Konsumen terhadap Kualitas Produk Beras PT Padi Indonesia Maju pada Retail Modern XYZ di Kabupaten Mojokerto Fajar Tirto Sajiwo; Teguh Soedarto; Risqi Firdaus Setiawan
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.480

Abstract

Competition in the modern retail rice industry encourages companies to maintain product quality to increase consumer satisfaction. This study aims to identify consumer characteristics and analyze the level of consumer satisfaction with the quality of PT Padi Indonesia Maju rice products at XYZ modern retail in Mojokerto Regency. The study uses a quantitative approach with descriptive analysis methods. The sampling technique was carried out by purposive sampling which is the consumer of PT Padi Indonesia Maju rice products. Data were obtained through direct distribution of questionnaires to respondents. The results showed that the majority of respondents were aged 26-35 years, female, had a middle-income level, and had used the product for 6 months to 1 year. The results of the validity test showed that all research attributes were declared valid because the calculated r value was greater than the r table of 0.1654, while the results of the Reliability test showed a Reliability value of 0.70 at the actual level and 0.75 at the expected level so that the research instrument was declared reliable. The results of the Customer Satisfaction Index (CSI) calculation obtained a value of 77% which was in the satisfied category. The highest-rated quality attributes include rice cleanliness, conformity to product specifications, and texture, while shelf life still requires company attention. Companies need to improve quality control and maintain product consistency to maintain consumer loyalty and increase product competitiveness in modern retail.
The Effect of Household Consumption, Investment, and Capital Expenditure on Gross Regional Domestic Product in the Special Region of Yogyakarta Province Mutiara Latifah; M Taufiq
Journal of Economics and Management Scienties Volume 8 No. 3, June 2026
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v8i3.483

Abstract

The Special Region of Yogyakarta possesses unique characteristics while its per capita income is relatively low compared to other provinces on Java, its happiness index is notably high, necessitating further study into the factors influencing its economic growth. This study aims to analyze the influence of household consumption, investment, and capital expenditure on GRDP in the Special Region of Yogyakarta Province. The method used is panel data regression by combining time series for the period 2015–2024 and cross-regional data from 5 districts/cities in the Special Region of Yogyakarta Province. The analysis assesses the partial and simultaneous influence of independent variables on the dependent variable. The findings show that household consumption and capital expenditure have a positive influence on GRDP, while investment does not show a significant effect. However, simultaneously, all three variables contribute to GRDP in the Special Region of Yogyakarta Province. Based on these findings, it is recommended that regional policies be focused on increasing people's purchasing power, improving the quality of investment that can create linkages with the local sector, and allocating more strategic capital expenditures on infrastructure development and public facilities to encourage sustainable economic growth in the Special Region of Yogyakarta Province.

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