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Lokawati: Jurnal Penelitian Manajemen dan Inovasi Riset
Published by Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia
ISSN : 29886031     EISSN : 29885418     DOI : 10.61132
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 509 Documents
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Pengaruh Return on Equity dan Devidend per Share terhadap Harga Saham Sub Sektor Perkebunan yang Terdaftar di BEI pada Tahun 2021 - 2025 Mutiara Sani Kaila Basri; Suryanto Sosrowidigdo; Siti Nurjanah
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.v4i4.2661

Abstract

This study aims to analyze the effect of Return on Equity (ROE) and Dividend Per Share (DPS) on stock prices of plantation sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2021–2025. The method employed is a quantitative approach using multiple linear regression analysis. The sample consisted of 9 companies selected through purposive sampling from a population of 28 companies, generating 45 observation data points. Prior to analysis, all classical assumption tests were satisfied through a logarithmic data transformation. Partial test results indicate that ROE does not have a significant effect on stock prices (t-value 0.069; sig. 0.945 > 0.05), whereas DPS has a positive and significant effect (t-value 10.751; sig. 0.000 < 0.05). Simultaneously, ROE and DPS together exert a significant effect on stock prices (F-value 57.796; sig. 0.000), with an Adjusted R Square of 0.721 or 72.1%. It is concluded that DPS is the dominant factor shaping stock prices in the plantation sub-sector. Companies are advised to maintain consistency in dividend payments to strengthen investor confidence and support stock price appreciation.
Pengaruh Lingkungan Kerja Fisik dan Budaya Kerja terhadap Efektivitas Kerja pada Divisi Administrasi PT Mitsuba Indonesia Kota Tangerang Oktaviani Dwi Prastiwi; Suryanto Sosrowidigdo; Siti Nurjanah
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.v4i4.2662

Abstract

This research aims to examine the relationship between physical work environment conditions and work culture with the work effectiveness of employees of the Administration Division of PT Mitsuba Indonesia. The company operates in the manufacturing of automotive components and is located in Tangerang City. The background of this research is based on field findings that although the company's physical facilities are already relatively good, the level of employee compliance with company rules is not fully consistent, so there is an allegation that there is an imbalance between the physical aspect and the aspect of work culture that can affect the overall effectiveness of work. The approach used was quantitative associative, with all 54 employees in the division involved as respondents with the application of saturated sampling techniques. Data acquisition was carried out through questionnaires and direct observation and documentation studies, then analyzed showing that both physical work environment conditions and work culture have a positive and partially significant influence on work effectiveness, with contributions of 13.3% and 5.6% respectively while simultaneously the two variables contribute 28.2%. These findings reflect that increasing work effectiveness needs to be supported through the management of physical work environment conditions and the continuous strengthening of work culture.
Pengaruh Budaya Kerja dan Kepuasan Kerja terhadap Produktivitas Kerja Aparatur Sipil Negara pada Biro Sumber Daya Manusia Kementerian Kependudukan dan Pembangunan Keluarga Pusat Jakarta Timur Nia Syahrani; Suryanto Sosrowidigdo; Siti Nurjanah
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.v4i4.2663

Abstract

This study examines the influence of work culture and job satisfaction on the work productivity of State Civil Apparatus (ASN) employees at the Human Resources Bureau of the Ministry of Population and Family Development, East Jakarta. Employee productivity is considered an important indicator of organizational effectiveness, particularly in public institutions responsible for delivering quality public services. The research employed a quantitative approach with a causal research design. A saturated sampling technique was applied, involving all 46 ASN employees as respondents. Primary data were collected through structured questionnaires using a five-point Likert scale and analyzed using SPSS version 25. The results indicate that work culture does not have a significant partial effect on employee work productivity (Sig. = 0.372 > 0.05; t = 0.901 < t-table = 1.681). In contrast, job satisfaction has a positive and significant influence on work productivity, making it the strongest determinant among the variables examined. Simultaneously, work culture and job satisfaction significantly affect employee productivity (F = 25.487 > 3.214; Sig. = 0.000). The coefficient of determination (R² = 0.542) shows that 54.2% of the variation in work productivity is explained by the proposed model, while the remaining 45.8% is influenced by other factors not examined in this study. These findings suggest that improving employees' job satisfaction should be prioritized to enhance productivity while maintaining a supportive organizational work culture.
Pengaruh Kepemimpinan Etis dan Keadilan Organisasional terhadap Perilaku Etis Karyawan pada PT X Ratu Bilqis Arifiani; Suryanto Sosrowidigdo; Siti Nurjanah
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.v4i4.2664

Abstract

Employee ethical behavior plays an essential role in preserving organizational integrity, promoting professional conduct among employees, and improving sustainable organizational performance, especially within operational divisions where work demands and ethical dilemmas are relatively high. This research was conducted to examine both the individual and joint influences of ethical leadership (X1) and organizational justice (X2) on employee ethical behavior (Y) among operational employees at PT X. A quantitative study involving 42 respondents was analyzed using multiple linear regression in IBM SPSS Statistics 25 based on data collected through observations, interviews, and questionnaires. The analysis revealed that ethical leadership positively and significantly affects employee ethical behavior (t = 5.612; sig. = 0.000). Employee ethical behavior was found to be positively and significantly influenced by organizational justice (t = 6.723; sig. = 0.000). The simultaneous testing further demonstrated that ethical leadership and organizational justice collectively exert a significant effect on employee ethical behavior (F = 16.911; sig. = 0.000). The regression model produced an Adjusted R² value of 0.436, suggesting that 43.6% of the variation in employee ethical behavior can be explained by the two independent variables, whereas the remaining 56.4% is attributable to factors beyond the scope of this research.
Why Generation Z Borrow? The Roles of Fomo, Financial Overconfidence, and BNPL Gilang Kharisma Putra; Arum Pujiastuti
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 3 (2026): Mei: 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.v4i3.2676

Abstract

This study aims to analyze the effects of financial overconfidence, Fear of Missing Out (FoMO), and Buy Now Pay Later (BNPL) on indebtedness among Generation Z in Central Java. Utilizing a quantitative approach, primary data were gathered through the distribution of questionnaires to 144 Generation Z respondents selected via a purposive sampling technique. Data analysis was conducted using multiple linear regression analysis via EViews 12. The empirical results demonstrate that financial overconfidence, FoMO, and BNPL exert positive and significant effects on indebtedness, both partially and simultaneously. Furthermore, financial overconfidence emerged as the most dominant variable influencing indebtedness. An Adjusted R-Square value of 70.81% indicates that these three variables account for the vast majority of the variance in Generation Z's indebtedness. These findings indicate that the debt behavior of the younger generation is driven not only by economic factors but also by a confluence of psychological, social, and digital financial technology advancements. This research contributes to the literature on behavioral finance and the financial behavior of the younger generation in the digital era.
Peran Kreativitas Menu dalam Meningkatkan Daya Tarik Konsumen (TERA All Day Dining Resto Artotel Suites Bianti Yogyakarta) Herman Jojo; Emmelia Nadira Satiti; Darmaesti Darmaesti
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.v4i4.2677

Abstract

In the dynamic hospitality industry, consumers continuously seek creative menus and innovative restaurant concepts. TERA All Day Dining Resto at Artotel Suites Bianti Yogyakarta is one of the many dining destinations in Yogyakarta, a city renowned as a favorite destination for both domestic and international tourists. This study analyzes menu creativity, its role in attracting consumer interest, and the factors that support and hinder its implementation at TERA All Day Dining Resto. The study also examines the impact of creative menus on customer satisfaction and consumers' intention to visit the restaurant. A qualitative research method was employed using data collection techniques including interviews, observations, and document analysis. The findings indicate that the implementation of creative menus at TERA All Day Dining aligns with Amabile's theory of creativity. Creativity is reflected in the restaurant's fusion menus, themed events, and seasonal menus. The study also demonstrates that creative menus effectively increase consumer interest, restaurant revenue, and the restaurant's appeal to both existing and new customers. The implementation of creative menus serves not only as a form of culinary innovation but also as an essential component of the restaurant's marketing strategy to enhance its competitiveness.
Financial Literacy and Financial Behaviour on Investment Decision Making Among Generation Z: The Mediating Role of Financial Attitude Niel Ananto; Wahongan, Moody
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.v5i4.2678

Abstract

This study examines the influence of financial literacy and financial behaviour on investment decision making among Generation Z, with financial attitude as a mediating variable. A quantitative survey design was employed, involving 125 Generation Z respondents (aged 18–27) currently investing in mutual funds, equities, or digital/crypto assets. Data were analysed using a regression-based path analysis on standardized composite construct scores, with mediation tested through bootstrapping (5,000 resamples). The measurement model showed adequate convergent validity, discriminant validity, and reliability for all constructs. Financial behaviour significantly affected financial attitude (β = 0.434, p < .001), while the effect of financial literacy on attitude was not significant (β = 0.150, p = .069). Financial attitude significantly affected investment decision making (β = 0.424, p < .001), and both financial literacy (β = 0.301, p < .001) and financial behaviour (β = 0.158, p = .043) significantly affected it directly. Financial attitude partially mediated the effect of financial behaviour on investment decisions (VAF = 53.3%), but did not significantly mediate the effect of financial literacy. These findings suggest that financial behaviour shapes investment decisions partly through attitude formation, while financial literacy operates mainly through a direct pathway.
Pengaruh E- Service Quality dan E- Word of Mouth terhadap Keputusan Pembelian dengan Peran E- Perceived Value sebagai Mediasi pada Yasmaga Guesthouse Ponorogo Mahrunnisa Himda Kamila; Lexi Pranata Budidharmanto
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.v4i4.2679

Abstract

This study examines the influence of e-service quality and electronic word of mouth (e-WOM) on purchase decisions, with e-perceived value serving as a mediating variable at Yasmaga Guesthouse Ponorogo. This research employed a quantitative approach using Structural Equation Modeling–Partial Least Squares (SEM-PLS) to analyze data collected from 180 respondents who had experience using the guesthouse’s services. The findings demonstrate that e-service quality and e-WOM have positive and significant effects on e-perceived value and purchase decisions. Among the variables examined, e-service quality emerged as the most dominant factor influencing customers’ purchase decisions. This indicates that the quality of digital services, including ease of access, responsiveness, reliability, and convenience, plays an essential role in creating positive customer perceptions. Furthermore, e-WOM contributes significantly by providing information, recommendations, and reviews that influence customers’ evaluations before making purchasing decisions. E-perceived value also has a positive and significant effect and functions as a partial mediator in the relationship between e-service quality, e-WOM, and purchase decisions. These findings suggest that improving digital service quality and managing online customer reviews effectively are important strategies for strengthening perceived value and encouraging purchase decisions at Yasmaga Guesthouse Ponorogo.
Membentuk Intensi Berwirausaha Mahasiswa: Peran Faktor Ekonomi, Digital, Sosial dan Psikologis Jecky Marchelo Immanuel; Lydiawati Soelaiman
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 5 (2026): September: 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.v4i5.2680

Abstract

 This study investigates the role of income expectations, social media utilization, environmental influences, and motivation toward entrepreneurial intention among Management students in West Jakarta while reexamining the consistency of relationships among these variables due to inconsistent findings reported in previous studies. A quantitative cross-sectional descriptive design was employed. Participants were recruited through purposive non-probability sampling, and consisted of active Management students in West Jakarta. Data were gathered through a structured Google Forms survey using a five-point Likert scale, distributed online through WhatsApp and Instagram and offline on campus. A total of 180 responses were obtained, with 22 excluded for failing to satisfy the research criteria, resulting in 158 valid respondents. Data analysis employed SmartPLS 4 through Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that income expectations, social media, environmental factors, and motivation positively and significantly influence students’ entrepreneurial intention, with environmental factors exerting the strongest effect. This study supports the applicability of the Theory of Planned Behavior while offering practical implications for universities and policymakers in strengthening entrepreneurial ecosystems through entrepreneurship development initiatives.
Strategi Digital Marketing terhadap Student Enrollment: Peran Mediasi Citra Institusi pada Perguruan Tinggi Swasta di Kota Serang Raga Aquino; Aldy Wirawan; Heri Sapari Kahpi
Lokawati : Jurnal Penelitian Manajemen dan Inovasi Riset Vol. 4 No. 5 (2026): September: 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.v4i5.2686

Abstract

Digital transformation has significantly changed the way prospective students seek information and evaluate alternative higher education institutions. This requires private universities to develop more effective digital marketing strategies to enhance their competitiveness. Despite the growing application of digital marketing in higher education, research explaining the mechanisms by which digital marketing strategies influence student enrollment decisions, particularly through the mediating role of institutional image, remains relatively limited. This study aims to analyze the direct and indirect effects of digital marketing strategies on student enrollment through institutional image at private universities in Serang City, Indonesia. The study employed a quantitative approach with an explanatory research design. Data were collected through questionnaires distributed to new students selected using purposive sampling and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that digital marketing strategies positively influence institutional image and student enrollment. Institutional image also positively influences student enrollment and acts as a partial mediator in the relationship between digital marketing strategies and student enrollment. These findings demonstrate that effective digital marketing strategies can not only directly improve prospective students' enrollment decisions but also through the creation of a positive institutional image. This research contributes to the development of higher education marketing literature by explaining the role of institutional image as a mechanism linking digital marketing strategies to increased student enrollment. Practically, the research findings provide recommendations for higher education administrators to integrate digital marketing strategies with strengthening institutional image, improving academic quality, and managing reputation to sustainably increase competitiveness and the number of new students.

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