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Simangunsong Journal of Business Administration, Management, Economic and Accounting
Published by Cattleya Darmaya Fortuna
ISSN : -     EISSN : 30248124     DOI : -
Core Subject : Religion, Economy, Engineering,
Religion Economics, Econometrics & Finance Industrial & Manufacturing Engineering
The following are suggested areas of interest: Corporate Governance, Entrepreneurship, Finance, Human resources, Knowledge Management, Leadership, Management information system, Marketing, Operation Management, Strategic Management, Taxation, Startup business, Innovation and creativity, Other topics in the field of business administration, Financial Management, Marketing Management, Human Resource Management, Organizational Behavior, Corporate Governance, Strategic Management, Operations Management, Public Policy, Management Accounting, Management Education, Management of Sharia, Tourism Management, Green Management, Entrepreneurship, Public Economics, International Economics, Banking and Financial InstitutionDevelopment Economics, Monetary Economics, Financial Economics.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 32 Documents
 1   2   3   4 
THE EFFECT OF ORGANIZATIONAL COMMITMENT AND WORK STRESS ON EMPLOYEE JOB SATISFACTION IN PT. SARI MURNI PRATAMA MEDAN Situpang, Ardi
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 1 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i1.108

Abstract

From the initial research that researchers did, many things canaffect employee job satisfaction, for that the company must striveto ensure that the factors related to employee job satisfactioncan be fulfilled optimally such as how to increase organizationalcommitment and work stress can be applied optimally byemployees within the company. This also depends on the qualityof human resources that exist within the company, whether it willbe able to fulfill if organizational commitment and work stress asan element that influences employee job satisfaction can becreated perfectly. The purpose of this study was to determineand analyze the influence of organizational commitment andwork stress on employee job satisfaction at PT. Sari MurniPratama Medan. The number of samples in this study amountedto 37 people using saturated sample techniques. The analysistechnique used is multiple linearregression. The results showthat organizational commitment does not significantly affectemployee job satisfaction. From the results of regression testsobtained the results of the study that work stress significantlyaffects employee job satisfaction. Together the variables oforganizational commitment and work stress have a significanteffect simultaneously on employee job satisfaction. With this itcan be concluded that the hypothesis of this study can beproven
THE EFFECT OF TRAINING AND WORK DISCIPLINE ON EMPLOYEE WORK PERFORMANCE CONTROLLED BY SELF-CONCEPT, EDUCATION AND TRAINING AND WORK ABILITY AT THE MEDAN PALM OIL RESEARCH CENTER OFFICE Sianturi, Rendy
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 1 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i1.109

Abstract

From the initial research that researchers did, as a researchinstitution that has an obligation in advancing the palm oilindustry in Indonesia, PPKS has a vision to become aninternational research institute capable of becoming a Center ofExcellence for national enterprises, who are capable of beingfinancially independent. and have quality and prosperous humanresources. Meanwhile the mission of PPKS is to uphold the palmoil industry in Indonesia through research and development andservices. Problems related to employee work performance aredecreasing at the Office of the Palm Oil Research Center (PPKS/ RISPA) which includes the completion of the work does notreach the target, work is neglected, not completing work on timeand employees often avoid being given work by superiorsbecause it is considered difficult to do the work. The purpose ofthis study was to determine whether training and work disciplinetogether have an effect on employee work performancecontrolled by self-concept, education and training, and workability at the Office of the Indonesian Palm Oil Research Center.The number of samples in this study amounted to 78 people.The analysis technique used is multiple linear regression. Theresults of the study show that training has a positive andsignificant effect on improving employee performance. Workdiscipline has a positive and significant effect on improvingemployee performance. Training and work discipline have asignificant effect simultaneously in improving employeeperformance. After controlling for self-concept, education andtraining and work ability, there were significant differences inemployee performance between training and work discipline (F =1.866; p <0.05) with effect size of 39.5% (0.395) with beforethere was control of self-concept, education and training andwork ability which was 0.294 (29.4%)
MEASUREMENT OF EMPLOYEE MOTIVATION USING MULTIDIMENSIONAL WORK MOTIVATION SCALE AND MOTIVATION AT WORK SCALE AT PT. BANK RAKYAT INDONESIA (PERSERO) TBK. SISINGAMANGARAJA BRANCH MEDAN Hestianti, Maya
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 1 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i1.110

Abstract

From the initial research that researchers did, related tomotivation in general showed that measurement of employeemotivation was important to be done in order to assistmanagement in making decisions regarding human resourcesand finding ways to achieve maximum performance forunmotivated employees. Motivation carried out by PT. BRI(Persero) is still less than optimal because there are still manyemployees whose work is assisted by other people such asschoolgirls who are apprenticed. This reflects the motivation inPT. BRI (Persero) has not improved the performance of itsemployees themselves. The purpose of this study was todetermine the effect of multidimensional work motivation scaleand motivation at work scale on the level of motivation ofemployees at PT. People's BankIndonesia(Persero) Tbk.Sisingamangaraja Medan Branch. The number of samples inthis study was 86 people using saturated sample techniques.The analysis technique used is multiple linear regression. Theresults show that multidimensional work motivation scale has asignificant effect on employee motivation. While the variablemotivation at work scale has no significant effect on employeemotivation. Multidimensional variables work motivation scale andmotivation at work scale simultaneously have a significant effecton employee motivation
ESG Governance and Financial Performance: The Role of the Board in Integrating Sustainability into the Strategy of Indonesian Public Companies Andrian, Yuni
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 2 No. 2 (2024): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v2i2.100

Abstract

This study analyzes how the board's role (structure and process)drives the integration of environmental, social, and governance(ESG) into corporate strategy and its implications for the financialperformance of listed companies listed on the Indonesia StockExchange. Using a panel-based quantitative-empirical design(2019–2025), the study develops an auditable Strategic ESGIntegration Index (ESG-SI)—covering the linkage of ESG targets toplanning & budgeting, green capital allocation, ESG risk recordingin the risk register, ESG KPI linkage to executive remuneration, andassurance data. Key board variables include the proportion ofindependent commissioners, gender diversity, ESG expertise ofboard members, the existence of a sustainability/risk committee,the intensity of the ESG agenda, and board training. Therelationships are tested using panel regression (firm and year fixedeffects), mediation tests (SEM-PLS/bootstrapping), and robusttests (alternative performance proxies, winsorizing, and indexredefinition). The results show that board ESG expertise, theintensity of the ESG agenda, and the relevance of ESG KPIs toremuneration significantly enhance ESG-SI. Furthermore, ESG-SIis positively associated with ROA and lowers the cost of equitycapital (COE), with a stronger effect in high-ESG risk industries.These findings support a mediating mechanism: effective boards→ strategic ESG integration → improved financial performance.The study's key contributions are the clear distinction betweensymbolic disclosure and process-based strategic integration andresource allocation, the measurement of boardcompetencies/processes as drivers of integration, and newevidence from emerging market contexts. Practical implicationsinclude strengthening board ESG competencies, institutionalizingthe ESG agenda, and aligning remuneration with sustainabilitytargets, while policy implications encourage process- and outcomebaseddisclosure.
Board Diversity and Risk Management: Impact on Disclosure Quality and Cost of Capital in the Financial Sector Ardila, Sidiq
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 2 No. 2 (2024): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v2i2.101

Abstract

This study examines the role of board diversity in risk managementand its impact on the quality of risk disclosure and the cost of capitalin financial institutions. Using a panel-based quantitative-empiricaldesign (2019–2025), this study develops two key constructs: a multidimensionalBoard Diversity Index (BDI) (demographic: gender,age, nationality; and functional: risk/audit/compliance expertise,IT/data security, risk committee, frequency of risk meetings) and aRisk Disclosure Quality Index (RISQ) that assesses substantivecontent (exposure specificity, limits and risk appetite, quantitativemetrics such as PD/LGD/VaR, scenarios/stress, and linkages tocapital and strategy). The impact on the cost of equity capital (COE)and the cost of debt (COD) is estimated using panel regression (firm& year fixed effects), mediation tests (bootstrap/SEM), and robusttests (alternative proxies, winsorizing, index redefinition). Theresults show that IKD has a positive effect on IKPR, mainly throughthe dimensions of functional expertise and strengthening boardprocesses (committees & risk agenda). Furthermore, IKPR isnegatively associated with COE and COD, indicating a decrease ininformation asymmetry and risk premium. The direct effect of IKDon the cost of capital is smaller than the mediation channel throughIKPR, confirming the mechanism: board diversity → increaseddisclosure quality → decreased cost of capital. Heterogeneityanalysis shows a stronger effect in high-risk environments,emphasizing the role of materiality. The research's primarycontribution is a risk-capability-oriented measure of board diversityand an assessment of the quality of auditable disclosures, beyondquantitative measures. Practical implications recommendstrengthening board composition (risk/audit/compliance, ITexpertise), institutionalizing risk committees and agendas, andfocusing on specific, measurable disclosures linked to capital andstrategy.
Digital Governance and Data Security: The Impact of IT Governance Maturity on Compliance, Fraud Prevention, and Investor Confidence Sucipto, Rian
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 2 No. 2 (2024): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v2i2.103

Abstract

This study assesses the influence of IT governance maturity(ITGM) on compliance (COMPLY), fraud prevention (FRAUDP),and investor trust in data-intensive public companies acrosssectors. Using a firm-year panel design (±2019–2025), we constructan ITGM index based on auditable documentary evidence(structure & roles, policies & controls, risk management,compliance & audit, incident resilience, culture & training) and twomediator constructs—COMPLY and FRAUDP. Investor trust isproxied using cost of equity (COE), bid–ask spread, Tobin's Q/PBV,and analyst coverage. The relationships are tested through fixedeffectspanel regression (firm & year), mediation tests(bootstrap/SEM), and moderation by critical data intensity (CDI),with robustness tests (alternative proxies, index redefinition,winsorizing). The results show that ITGM has a positive effect onCOMPLY and FRAUDP, and both reduce COE and increasevaluation (Q/PBV)—confirming the dual mediation mechanism fromIT governance to investor confidence. Furthermore, the effect ofITGM is stronger in firms with high CDI, underscoring theimportance of data materiality. The findings remain consistentacross robust specifications. The study's contributions include theintegration of comprehensive and auditable maturity measures, theexploration of dual mediation paths that explain value channels,and the examination of materiality moderation to enhance therelevance of policies and practices. Practical implicationsrecommend strengthening IT governance structures, implementingmeasurable controls, and transparent, metrics-based disclosuresto build sustainable market confidence.
Islamic Corporate Governance in the Halal Industry: Sharia Supervisory Board, Sharia Compliance, and Reputational Risk in Sharia Issuers Aulia, Anggi
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 2 No. 2 (2024): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v2i2.104

Abstract

This study examines the role of Islamic Corporate Governance(ICG)—with a focus on the Sharia Supervisory Board (SSB)—inenhancing sharia compliance and reducing reputational risk insharia-compliant issuers, as well as its implications for investorconfidence. Using a company-year panel design (±2019–2025)across halal sectors (financial and non-financial), the studydevelops two auditable constructs: the Sharia Supervision QualityIndex (IKPS) (SSB competence & independence, meeting intensity,depth of sharia review/audit, follow-up and integration with riskmanagement) and the Substantive Sharia Compliance Index (IKSS)(specificity of contract/material/supplier disclosure, non-halalexposure metrics, supplier assurance, and remediation rate).Reputational risk (REPRISK) is derived from sharia violationevents/news and market indicators, while investor confidence(TRUST) is proxied by the cost of equity capital (COE) and valuation(Tobin's Q/PBV). Estimation is performed using fixed-effects panelregression (firm & year), multilevel mediation test (IKPS → IKSS →REPRISK → TRUST) using bootstrapping, and moderation by halalexposure (HEX); robustness is tested through alternative proxiesand index redefinition. The main results show that IKPS positivelyinfluences IKSS, and IKSS decreases REPRISK. Furthermore, highIKSS and low REPRISK are associated with lower COE and highervaluations, confirming the ICG value channel through complianceand reputation. This effect is stronger in companies with high HEX,indicating the importance of sharia materiality. The researchcontribution lies in the comprehensive and auditable measurementof ICG processes and outcomes, the exploration of step-by-stepmediation mechanisms towards investor trust, and the examinationof heterogeneity of effects based on halal exposure. Practicalimplications emphasize strengthening the capacity andindependence of the SSB, expanding the scope of sharia audits,accelerating the closure of findings, and transparent, metric-baseddisclosures to build credibility of halal reputation and long-termvalue.
Banking and Financial Institution Development Economics Alvaro, Dian
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 2 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i2.111

Abstract

This study examines how the development of financial institutions—measured by the Financial Institution Development (FID) Index,which combines dimensions of depth, access, efficiency, andstability—influences development outcomes at the district/city level.Using a quantitative-causal design, we combine stepwisedifference-in-differences (DiD), macroprudential policy eventstudies, and spatial panel models to capture inter-regionalmechanisms and spillovers. The unit of analysis is a district/citypanel (2016–2024) linked to indicators for banking, fintech, retailpayments, and regional macro variables. Results show thatincreasing FID significantly increases MSME productivity and laborformalization, accompanied by a decrease in non-performing loans(NPLs). Event-study estimates show a flat pre-policy period and astrengthening positive effect 1–3 years post-policy, consistent withlower transaction costs and improved credit screening.Heterogeneity analysis reveals an urban–rural gap: urban areasexperience higher elasticity, while rural areas lag behind on riskadjustedinclusion. Bank-fintech coexistence demonstratesstronger cost discipline effects in competitive markets, whileSharia-dominated regions exhibit good inclusion with relativelymanageable risk profiles. The spatial model indicates meaningfulspillovers, underscoring the importance of cross-districtcoordination (data interoperability, payment corridors, and ashared credit registry). These findings suggest a policy agenda:rural enablement (agents, literacy, shared KYC), bank-fintech dataexchange standards, an adaptive macroprudential frameworkbased on FID, and cross-authority spatial governance to balanceinclusion, intermediation quality, and system resilience
Digital Financial Inclusion, MSMEs, and Inclusive Growth: Empirical Evidence from Districts/Cities in Indonesia Abdullah, Maman
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 2 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i2.112

Abstract

The transformation of digital financial services—through e-wallets,QRIS, branchless banking, and fintech—is seen as capable ofreducing transaction costs and expanding access to financing forMSMEs. This study assesses the extent to which digital financialinclusion (DFI) drives inclusive growth at the district/city level inIndonesia. We construct a composite DFI index that emphasizesthree dimensions—access, usage, and quality—and link it toinclusive growth indicators: real GRDP growth in labor-intensiveMSME sectors, MSME employment, and inequality proxies.Methodologically, the study adopts a panel data design with twowayfixed effects, enriching identification through a spatial panelmodel (to capture spillovers between regions) and a quasiexperimentalstrategy (staggered Difference-in-Differences) thatexploits variations in digital transaction adoption/intensificationacross time and region. Potential endogeneity is addressed usinginstruments based on digital infrastructure availability andtopography. The results show that increased DFI is positively andeconomically meaningfully associated with the Inclusive GrowthIndex (IGI), through reduced payment friction, market expansion,and improved MSME financing eligibility. Heterogeneity findingsindicate greater marginal benefits in regions with higher digitalreadiness, while evidence of spatial spillovers suggests spillovereffects to neighboring regions. Policy implications emphasizeaccelerating infrastructure and ecosystem (agent/merchant)density, reducing microtransaction costs, strengthening digitalfinancial literacy, and integrating transaction data for inclusivefinancing with consumer protection. The novelty of this study liesin the construction of a district/city-level DFI index that focuses onuse and quality, a truly inclusive growth measurement, and acombination of spatial identification and quasi-experimentalmethods that strengthen causal inference.
Digital Financial Inclusion, Transaction Costs, and MSME Productivity: Micro Evidence from Indonesia Saragih, Iwan
Simangunsong : Journal of Business Administration, Management, Economic And Accounting Vol. 3 No. 2 (2025): Simangunsong : Journal of Business Administraion, Management, Economic And Acco
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/simangunsong.v3i2.113

Abstract

This study examines the impact of digital financial inclusion ontransaction costs and productivity of MSMEs in Indonesia usingmicro-panel data (≈1,400 MSMEs; multiple waves) and a quasiexperimentalapproach. The identification strategy combinesdifference-in-differences (DiD) with fixed effects, event studies toexamine parallel trends, and instrumental variables (IV) basedon supply-side variations (agent density and signal quality) toaddress endogeneity of adoption. Key variables include adoptionand depth of use of digital financial services (payments,bookkeeping, sales channels), transaction cost indices(monetary, time, and coordination costs), and productivityindicators (output per worker, operating margin). Results showthat digital adoption increases output per worker by ≈ Rp2.1million/year (p<0.001) and operating margin by ≈ +2.3percentage points; IV estimates confirm causality with a slightlylarger impact (≈ Rp2.6 million/worker/year). Incorporating atransaction cost index into the model reduces the adoptioncoefficient, suggesting mediation through reduced transactionfriction—specifically savings in reconciliation time and monetarycosts (MDR/cash-out). Nonlinear analysis identifies a benefitthreshold of around –0.5 SD on the cost index: cost reductionsbelow the threshold trigger a productivity surge, while above thethreshold the effect weakens. The impact is stronger in micro-SMEs, the food and beverage sector, players with high digitaldepth, and urban areas. The findings are consistent acrossrobustness tests (PSW/entropy balancing, pre-adoption placebo,and alternative outcome/index definitions). Practically, inclusionpolicies need to shift from simply encouraging adoption toreducing the most “binding” cost components per segment andencouraging digitalization depth (payments–bookkeeping–saleschannels), accompanied by infrastructure expansion and trainingin disadvantaged areas.

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