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Perdana Wahyu Santosa
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Editorial Address
SAN Scientific Office 3 Point Building, 4th Floor, Jl. Tebet Raya No. 90, Jakarta Selatan, DKI Jakarta, Indonesia 12820
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INDONESIA
Research of Economics and Business
ISSN : 29871409     EISSN : 29871395     DOI : 10.58777/reb
Core Subject : Economy,
The Research of Economics and Business (REB) is an open-access and peer-review journal that publishes high-quality and original research articles, review papers, and case studies. This journal covers a wide range of topics in economics and business and offers new scientific perspectives, and supports new contributions to the economics literature and business practice. The Editors invite you to submit or recommend your manuscripts to REB. This peer-reviewed journal publishes high-quality research papers, reviews, and case studies on macroeconomics, microeconomics, monetary system and banking, public finance, development study, public policy, accounting, management, and business. This journal of REB is published semi-annually (March and September) with a continuous publication system to keep readers and authors updated with the latest progress.
Articles 35 Documents
Improving Employee Performance: The Role of Engagement, Transfer, Compensation, and Motivation in Work Productivity Lestari, Dwi Ayu; Deviastri, Lily
Research of Economics and Business Vol. 3 No. 1 (2025): MARCH 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i1.275

Abstract

The purpose of this study is to investigate how motivation, pay, transfers, and employee engagement affect worker performance. The study's population consisted of employees from the Jakarta Cakung Primary Tax Service Office, with a sample size of 89 respondents. A non-probability sampling method was employed, specifically utilizing saturated sampling through the dissemination of surveys. Significant appropriateness is demonstrated by the study model's substantial effect and high degree of relevance in result prediction. The Partial Least Square Structural Equation Modeling (PLS-SEM) approach was used to analyze the data. The results show that employee performance is positively and significantly impacted by employee engagement. Furthermore, motivation, pay, and transfers all have favorable and noteworthy influence on performance. According to the research's management implications, managers need to create a welcoming workplace that encourages employee involvement, including offering career development opportunities. Moreover, it is essential for managers to provide necessary support through additional training and adequate orientation, while also encouraging employees to actively participate in training programs and enhancing their skill sets.
Optimizing Profitability: The Impact of Cash, Receivables, Inventory, and Working Capital Turnover Fitriyani, Maya; Hendrawan, Riko
Research of Economics and Business Vol. 3 No. 1 (2025): MARCH 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i1.291

Abstract

The aim of the research is to determine the effect of cash turnover, accounts receivable turnover, inventory turnover and working capital turnover on profitability, both partially and simultaneously. The research method used is a quantitative research method and uses secondary data taken from manufacturing companies, especially Food and Beverages, which are listed on the Indonesia Stock Exchange. The research sample selected was 15 companies for the period 2018 to 2022 based on the purposive sampling method. This research analysis method uses panel data regression with a significance level of 5%. The research results show that the variables cash turnover, accounts receivable turnover, inventory turnover and working capital turnover simultaneously influence profitability. Furthermore, partially, cash turnover and inventory turnover do not have a significant effect on profitability; accounts receivable turnover and working capital turnover have a significant effect on profitability. Managerial implications indicate that company management must focus on increasing the efficiency of cash, receivables and inventory turnover, as well as optimizing working capital turnover to increase profitability. Managers need to develop effective strategies for managing cash flow and current assets to maximize company profits.
Determinants of Company Value with Environmental Performance as a Moderating Sumampouw, Ruland Willy Jack; Putri, Nurhaliza
Research of Economics and Business Vol. 3 No. 1 (2025): MARCH 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i1.402

Abstract

The objective of the research is to examine the influence of leverage, liquidity, profitability, and institutional ownership on firm value with environmental performance as a moderating variable. The population in this study consists of coal sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2019 – 2023. The data analysis technique used in this study is panel data regression. The analysis results show that leverage does not affect firm value, liquidity negatively affects firm value, profitability positively affects firm value, institutional ownership does not affect firm value, environmental performance does not affect firm value, environmental performance cannot moderate the effect of leverage on firm value; environmental performance can moderate the effect of liquidity on firm value; environmental performance can moderate the effect of profitability on firm value. This study implies that companies need to focus on improving profitability and effective liquidity management while paying attention to environmental practices because environmental performance can strengthen the positive impact of profitability and reduce the negative impact of liquidity. For investors, environmental performance is an important consideration in assessing a company's ability to manage risk and create value.
Impact of PPh Article 23 Recognition and Tax Payable on Net Income: Publicly Manufacturing Firms Widantia, Kemuning Ananta; Mishelelion, Mishelelion
Research of Economics and Business Vol. 3 No. 1 (2025): MARCH 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i1.412

Abstract

The purpose of this study is to determine whether the simultaneous effect of Income Tax Article 23 and tax payable on net profit, to determine whether the recognition of Income Tax Article 23 carried out by manufacturing firms affects the amount of net profit and determine whether the tax payable carried out by manufacturing firms affects the amount of net profit. This type of research is a quantitative research type. The type of data used in this study is secondary data in the form of financial statements of firms, such as the firm's profit and loss report and its Income Tax. The population in this study was all manufacturing firms listed in the firm report. The findings of Income Tax Article 23 affect net profit in manufacturing sector firms. Hypothesis 1 states that there is an influence between Income Tax Article 23 on Net Profit. It can be concluded that Hypothesis 2, which states that there is an influence between tax payable and net profit, is accepted. Important managerial implications for manufacturing firms, especially in optimizing tax planning to improve financial efficiency.
From Clicks to Conversions: How social media, Trust, Ads and Price drive Purchase Decisions Hendra, Genta Rammiltry; Zain, Efendy
Research of Economics and Business Vol. 3 No. 1 (2025): MARCH 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i1.413

Abstract

This study aims to determine the influence of social media, Customer Trust, Advertising and Price Perception on Asus Laptop Purchasing Decisions in Jakarta City. The sample in the study was 85 respondents in DKI Jakarta. In this study, the sampling technique used was Accidental Sampling, and the data in the study were collected using a survey method with a questionnaire instrument. The data analysis method used was descriptive statistical analysis the research method used in the study was multiple linear regression analysis. The results of the study showed that (1) social media had a simultaneous effect on purchasing decisions, (2) Customer Trust had a simultaneous effect on purchasing decisions, (3) Advertising had a simultaneous effect on purchasing decisions, (4) Price Perception had a simultaneous effect on purchasing decisions (5) social media, Customer Trust, Advertising and Price Perception had a simultaneous effect on purchasing decisions. The managerial implications of this study indicate that companies need to optimize their digital marketing strategies by increasing their presence on social media, building customer trust through transparency and responsive interaction, and designing attractive advertisements that are in accordance with the preferences of the target market.
Unraveling the Impact of Psychological Contract Breach on Work Engagement and Life Satisfaction in Generation Z Yusup, Alfiah Fill Kholqi; Hendryadi, Hendryadi
Research of Economics and Business Vol. 3 No. 2 (2025): SEPTEMBER 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i2.414

Abstract

This study examines the relationship between psychological contract breach, work engagement, and life satisfaction in Generation Z individuals working in various sectors in Jakarta. Using a quantitative approach, data were collected through questionnaires distributed to 158 respondents aged 21 to 27 years working in various sectors. The sampling technique employed was purposive sampling, while data analysis was conducted using Structural Equation Modeling (SEM) with Confirmatory Factor Analysis (CFA) and regression tests via Jamovi software. The study's results indicate that psychological contract breach has a negative and significant impact on life satisfaction. In contrast, life satisfaction has a positive and significant impact on work engagement. In addition, psychological contract breach also harms work engagement, both directly and indirectly, through its impact on life satisfaction. This study provides new insights into the complex dynamics between psychological contract breach and work engagement, especially in understanding the engagement of Generation Z employees.
What Makes Consumers Buy? The Impact of Quality, Price, Brand Image, and Social Media Promotion Putri, Gita Amalia; Simon, Zainal Zawir
Research of Economics and Business Vol. 3 No. 2 (2025): SEPTEMBER 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i2.417

Abstract

This study was conducted to investigate the impact of Product Quality, Price Perception, Brand Image, and social media promotion on purchasing decisions for Skintific Skincare. The samples used in this study were users and users of Skintific. The sampling technique used a non-probability sampling method, with a purposive sampling technique. The data collection method used a questionnaire. Data analysis used multiple linear regression analysis. The study's results showed that product quality has a partial and significant positive effect on purchasing decisions. (2) Price perception does not have a significant effect on purchasing decisions. (3) Brand image does not have a significant effect on purchasing decisions. (4) Promotion has a positive and significant effect on purchasing decisions. The managerial implications of this study are that Skintific can improve purchasing decisions by strengthening product quality and promotion strategies on social media, as these two factors have been shown to have a significant effect. In addition, although price perception and brand image do not have a significant effect in this study, the company still needs to consider competitive pricing strategies and strengthen brand image to increase competitiveness in the market.
The Power of Brand Love: Unlocking Loyalty Through Image, Trust, and Satisfaction Wijaya, Dody Hadi; Mansur, Amin
Research of Economics and Business Vol. 3 No. 2 (2025): SEPTEMBER 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i2.418

Abstract

This study evaluates the influence of Brand Image, Brand Trust, and Customer Satisfaction on Brand Loyalty, with Brand Love as a mediating variable. The research targeted Pantene Shampoo customers in the Kelapa Gading area, using questionnaires for data collection and multiple regression analysis for testing. Results show that Brand Image significantly affects Brand Love, while Brand Trust has a positive but insignificant effect. Customer Satisfaction, however, exerts a significant positive impact on Brand Love. In terms of Brand Loyalty, Brand Image has a positive yet insignificant effect, whereas both Brand Trust and Customer Satisfaction significantly strengthen loyalty. Brand Love itself also significantly enhances Brand Loyalty. Furthermore, Brand Image and Brand Trust have significant indirect effects on Brand Loyalty through Brand Love, while Customer Satisfaction does not demonstrate such an indirect effect. The managerial implications highlight the importance of strategies that go beyond functional value to build emotional connections with consumers. Companies should focus on strengthening Brand Love, as it plays a central mediating role. This can be achieved through consistent brand communication, maintaining product quality, and fostering authentic consumer engagement, all of which contribute to stronger and more sustainable loyalty.
Macroeconomic Determinants of Stock Returns in the Indonesian Food and Beverage Industry Siagian, Fahri Gunawan; Sihombing, Pardomuan
Research of Economics and Business Vol. 3 No. 2 (2025): SEPTEMBER 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i2.499

Abstract

The objective of this study is to examine the influence of macroeconomic variables specifically exchange rates, interest rates, and inflation on stock returns, both directly and indirectly through beta, within the food and beverage sector. Additionally, it explores the impact of the COVID-19 pandemic. This research adopts a quantitative approach, targeting companies listed on the Indonesia Stock Exchange within the food and beverage industry. Secondary data, sourced through library research, underpins the study, which employs panel data analysis as a primary method. The findings indicate that inflation does not negatively affect stock returns, similar to interest rates and exchange rates, which also show no adverse impact. Furthermore, the COVID-19 pandemic was found to have no positive influence on stock returns in this sector. Regarding systematic risk, beta appears to diminish the effect of inflation, interest rates, and exchange rates on stock returns, while it does not amplify the impact of the COVID-19 pandemic. These results carry significant implications for managers and investors, suggesting that external macroeconomic conditions and beta are not the key determinants of stock returns.
Measuring Stock Value: The Impact of Financial Ratios on a Company's Stock Price Karima, Mutia; Ghazali, Muhammad
Research of Economics and Business Vol. 3 No. 2 (2025): SEPTEMBER 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v3i2.515

Abstract

This study aims to analyze the effects of the Debt-to-Equity Ratio (DER), Price-to-Book Value (PBV), Price-to-Earnings Ratio (PER), and Return on Assets (ROA) on stock prices. This study utilized a sample of food and beverage consumer goods industry companies listed on the Indonesia Stock Exchange (IDX) for the period from 2019 to 2021. The sampling technique employed in this study was purposive sampling, involving 12 companies. The method employed in this study is quantitative and utilizes secondary data. The research model employs multiple linear regression, utilizing the SPSS version 25 application. The results of this study are partial, specifically that the DER, PBV, PER, and ROA variables do not have a significant effect on stock prices. Simultaneously, all variables namely, DER, PBV, PER, and ROA do not affect stock prices. This research is expected to focus not only on the company's profit but also on its ability to generate cash, as it is only an illustration of the company's short-term performance. In addition, investors also need to pay attention to the performance of the company's organizational governance tools, so that they can obtain better corporate action information to inform their investment decisions.

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