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Contact Name
Roymon Panjaitan
Contact Email
garuda@apji.org
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+6288215137076
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rafaelardian39@gmail.com
Editorial Address
Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia Perum. Cluster G11 Nomor 17, Jl. Plamongan Indah, Kadungwringin, Kedungwringin, Pedurungan, Semarang City, Central Java 50195
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Kota semarang,
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INDONESIA
Lokawati: Jurnal Penelitian Manajemen dan Inovasi Riset
ISSN : 29886031     EISSN : 29885418     DOI : 10.61132
Core Subject : Economy, Science,
Human Resource Management, Financial Management, Marketing Management, Public Sector Management, Operations Management, Supply Chain Management, Corporate Governance, Business Ethics, Management Accounting and Capital Markets and Investment.
Articles 458 Documents
Pengaruh Faktor Makroekonomi terhadap Return Saham pada Perusahaan Manufaktur PT Barito Pascific Periode 2015-2024 Ulfa Hakiki Annur; Nurman Nurman; Rezky Amalia Hamka; Anwar Anwar; Abdul Rahman
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2589

Abstract

This study aims to determine the partial and simultaneous effects of macroeconomic factors on stock returns at the manufacturing company PT Barito Pacific for the period 2015–2024. The macroeconomic factors used in this study include interest rates, inflation, and exchange rates, as these three variables are economic indicators frequently associated with fluctuations in stock returns. This study employs a quantitative approach using a documentary method. The population consists of all quarterly data from PT Barito Pacific for the period 2015–2024. Sampling was conducted using saturated sampling, in which the entire population was included as the study sample, comprising 40 quarterly data points. Multiple linear regression analysis was performed using SPSS Statistics 2025. The results indicate that, when analyzed individually, interest rates have a positive but insignificant effect, inflation has a negative but insignificant effect, and the exchange rate has a negative and significant effect on stock returns. However, when analyzed simultaneously, interest rates, inflation, and the exchange rate do not have a significant effect on the stock returns of the manufacturing company PT Barito Pacific for the period 2015–2024. It is hoped that the results of this study can serve as a reference for investors and future researchers in understanding the relationship between macroeconomic factors and stock returns.
Analisis Dampak Kemasan, Promosi, Citra Merek terhadap Minat Beli Air Minum dalam Kemasan di Kota Surabaya Franz Jingga Theng; Sri Nathasya Br Sitepu; Irantha Hendrika Kenang
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2597

Abstract

Bottled water is one of the beverage variants sought by consumers. Bottled water comes in several brands and sizes on the market. This study analyzes one relatively new bottled water (Aquaviva) that has been circulating on the market since 2022. New products require a marketing strategy to dominate the market competition. Analysis of the impact of packaging, promotion, and brand image are important variables on the purchasing interest of bottled water (Aquaviva) among potential consumers in Surabaya. This study uses a quantitative method to collect primary data for analysis. The population of Surabaya is the study population, but the data is not known for certain. This led to sample selection based on certain criteria. The study sample consisted of 150 people who completed a questionnaire on Google Form offline. The analysis used multiple linear regression with the help of SPSS software. The analysis found that the independent variables of brand image, packaging, and promotion influence the dependent variable (purchase interest of bottled water (Aquaviva) in Surabaya.
Analisis Rasio Profitabilitas sebagai Alat Ukur Kinerja Keuangan PT Cakra Buana Resources Energi TBK Muh Jusman; Hairul Hairul; Nur Hikmah Handayani; Eko Edy Susanto
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2604

Abstract

PT Cakra Buana Resources Energi Tbk is a maritime transportation services company listed on the Indonesia Stock Exchange since January 2023. In a highly competitive capital market and volatile energy sector, evaluating financial performance through profitability ratios is essential for management, investors, and creditors. This study aims to analyze the financial performance of the company during the 2022–2025 period using four profitability indicators: Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE). A descriptive quantitative approach is applied using secondary data from audited financial statements obtained from the Indonesia Stock Exchange. The analysis involves ratio calculation, comparison with industry standards, and trend analysis over time. The results show that all profitability ratios consistently remain below industry benchmarks, with average values of GPM at 23.26% (standard: 30%), NPM at –46.44% (standard: 20%), ROA at –3.24% (standard: 30%), and ROE at –46.41% (standard: 40%). The declining trend is mainly driven by rising cost of revenue reaching 97.3% in 2025, increasing administrative expenses after the IPO, and higher financial costs due to debt-financed expansion, including the acquisition of the Hai Long 106 vessel worth USD 100 million. The independent auditor also issued a going concern warning in 2025. The study suggests cost efficiency and revenue optimization strategies to improve profitability.
Analisis Dampak Perubahan Metode Penilaian dalam Pengembangan Sumber Daya Manusia pada Kualiatas Kinerja Pegawai di Dinas Komunikasi dan Informatika Kota Jambi Irawati Irawati; Zulfina Adriani; Hendriyaldi Hendriyaldi
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2609

Abstract

This study aims to analyze the structural impact of changing performance appraisal methods within human resource development on the overall quality of employee performance at the Communication and Informatics Office (Diskominfo) of Jambi City. The research stems from a digital transformation paradigm, shifting from a conventional annual manual method to a periodic, digital-based assessment via the e-Kinerja application. To comprehensively understand the inner dynamics of this organizational transition, Kurt Lewin's Change Management Theory was employed as the core analytical framework, evaluating the transformation through three sequential phases: unfreezing, changing, and refreezing. Utilizing a descriptive qualitative approach, primary data were gathered through in-depth interviews with structural officials and implementing staff, complemented by secondary data from evaluation archives and regulations. The results indicate that the monthly digital appraisal exerts a significantly positive impact on performance quality, fostering higher work discipline, structured habits, and motivation among employees. However, the study identified five critical bottlenecks: low digital literacy among senior staff, server technical errors, inadequate onboarding socialization for new personnel, high digital documentation workloads, and fragile validation mechanisms regarding data authenticity. These systemic barriers suggest that the organizational change has not yet achieved a stable refreezing phase, thus requiring urgent strategic interventions in technological infrastructure and human resource governance.
Eksplorasi Kepemimpinan dalam Meningkatkan Motivasi Karyawan dan Kinerja Toko: Studi Kasus Kepala Toko Alfamart Plosowahyu Maitra Towifin; Darianto Darianto; Amanatul Khoiriyah
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2611

Abstract

This study aims to explore in depth the role of leadership in fostering employee motivation and enhancing store performance among Alfamart store managers in Lamongan Regency. A qualitative research method employing a case study approach was used, enabling a contextual and comprehensive understanding of the phenomenon. Data were collected through observation, in-depth interviews, and document analysis involving store managers and employees actively engaged in store operations. The findings indicate that a participatory and communicative leadership style plays a significant role in boosting employee motivation. This is achieved through the expression of appreciation, the inclusion of employees in decision-making processes, and the practice of open and transparent communication. High levels of employee motivation positively impact store performance, particularly regarding the successful execution of operational tasks and the achievement of planned sales targets. However, the study also identified certain challenges such as miscommunication, time constraints, and interpersonal disagreements that can affect operational effectiveness. Consequently, adaptive and solution oriented leadership strategies are required. Overall, this study confirms the existence of a close relationship and significant mutual influence among leadership, employee motivation, and store performance.
Pengaruh Komunikasi Internal, Lingkungan Kerja Fisik, dan Beban Kerja Terhadap Kinerja Karyawan PT. Sinergi Gula Nusantara Arisma Desi Fitriani; Indah Listyani; M. Adi Trisna Wahyudi
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2638

Abstract

This study aims to explain and prove the hypothesis regarding the effect of internal communication, physical work environment, and workload on employee performance at PT Sinergi Gula Nusantara (PG Meritjan) Kediri City. This study uses an associative approach with a quantitative method and employs , using a saturated sampling method with a total population of 80 employees and a sample of 80 employees. The analytical techniques used include validity test, reliability test, normality test, multicollinearity test, heteroscedasticity test, multiple linear regression analysis, t-test (partial), F-test (simultaneous), and coefficient of determination (R²), processed using SPSS version 26. Based on the results, it shows that partially internal communication has an effect on employee performance. The physical work environment variable partially has a significant effect on employee performance with a value of Sig. 0.010 < 0.05 and tcount > ttable, namely 2.634 > 1.991. The workload variable partially has a significant effect on employee performance with a value of Sig. 0.000 < 0.05 and tcount > ttable, namely 3.580 > 1.991. The variables of internal communication, physical work environment, and workload simultaneously have a significant effect on employee performance at PT Sinergi Gula Nusantara (PG Meritjan) Kediri City. The magnitude of the influence of internal communication, physical work environment, and workload on employee performance is 25.7%, while the remaining 74.3% is influenced by other variables not examined in this study.
Pengaruh Beban Kerja dan Kompensasi terhadap Kinerja Karyawan di Butik Rumah Jahit Akhwat (RJA) Kota Makassar Resi Ayumni Fajrin; Amrah Rachim; Ansar H. Mulkin Bas
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2639

Abstract

This study aims to examine the effect of workload and compensation on employee performance at Butik Rumah Jahit Akhwat (RJA) in Makassar City. The research employed a quantitative method with an associative approach to analyze the relationship between the independent variables and employee performance as the dependent variable. The population consisted of all employees working at Butik RJA, while the sample included 45 respondents selected using the Slovin formula. Primary data were collected through questionnaires distributed directly to the respondents. The data were analyzed using multiple linear regression with the assistance of SPSS software. The results indicate that, partially, workload has a positive and statistically significant effect on employee performance, with a significance value of 0.027, which is lower than 0.05. In contrast, compensation has a positive but statistically insignificant effect on employee performance, with a significance value of 0.278, which exceeds 0.05. Simultaneously, workload and compensation have a significant effect on employee performance, indicating that both variables jointly contribute to improving employee performance at Butik Rumah Jahit Akhwat (RJA) Makassar City.
Strategi Pemasaran Inklusif untuk Meningkatkan Partisipasi Dana Pensiun Pekerja Sektor Informal di Indonesia: Analisis Hambatan, Segmentasi Pasar, dan Rekomendasi Implementasi Syarifudin Yunus; Farid Nabil Elsyarif
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 4 (2026): Juli: Jurnal Penelitian Manajemen dan Inovasi Riset
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/lokawati.v4i4.2643

Abstract

This study on inclusive marketing strategies to increase participation in pension funds among informal sector workers in Indonesia was conducted using a descriptive method with a mixed-methods approach, with a sample of 100 informal workers in the Greater Jakarta area. The study concluded that barriers to pension fund/DPLK participation among informal sector workers include: the perception that pension funds are illiquid (difficult to withdraw) at 28%, lack of education at 22%, the fact that participation is not mandatory or a lack of awareness at 19%, the lack of digital access at 13%, the perception that the system is absurd at 13%, and the perception that it is only for office workers at 5%. A transformation of the pension fund/DPLK marketing strategy is needed, shifting from a product-oriented approach to a participant-centered one. Segmentation of informal workers to increase pension fund participation can be divided into 1) traditional informal groups (lower tier), such as day laborers, street vendors, domestic workers, small-scale merchants, and micro-scale ride-hailing drivers; and 2) modern informal groups (upper tier), such as contractors, content creators, artists, consultants, and gig economy workers with medium to large-scale economic activities. Concrete recommendations to increase DPLK participation among informal workers involve shifting the DPLK approach from a conventional model to an inclusive-digital model, with a focus on 1) prioritizing community-based financial literacy, 2) flexibility, and 3) inclusivity through pension digitization.

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