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Management Studies and Business Journal
Published by PT Penelitian dan Pengembangan Ilmu
ISSN : 30322278     EISSN : 30322278     DOI : 10.62207
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Management Studies and Business Journal (PRODUCTIVITY) reviewed covers theoretical and applied research in the field of Management and Business. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. PRODUCTIVITY Journal always publish 12 times in a year, every Month. Research Scopes: Finance Management, Marketing Management, Human Resources Management, Operations Management, Strategic Management, E-Business, Knowledge Management, Management Accounting, Management Control System, Management Information System, Innovation management, Islamic Principal Management, Ethics and Sustainable, Entrepreneurship and business
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 260 Documents
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THE EFFECT OF WORK-LIFE BALANCE AND FLEXIBLE WORKING ARRANGEMENT ON EMPLOYEE PERFORMANCE AND JOB SATISFACTION AT PT. KMK GLOBAL SPORTS Dewi, Citra Kusuma; Sunaryo, Dede; Galuh, Hendra
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/k2cgs294

Abstract

This study investigates the influence of work-life balance and flexible working arrangements on employee performance and job satisfaction, with a specific focus on female employees at PT KMK Global Sports. Utilizing a quantitative approach and structural equation modeling, the study explores how modern workplace policies affect key employee outcomes. The findings reveal that both work-life balance and flexible working arrangements have a direct and positive impact on employee performance and job satisfaction. Interestingly, job satisfaction does not mediate the relationship between these two variables and performance, suggesting that the benefits of supportive work policies may translate directly into improved productivity, independent of job satisfaction levels. These insights underscore the importance for organizations to prioritize flexible and balanced work environments as strategic tools to enhance workforce efficiency and well-being.
GEN Z WORKFORCE ENGAGEMENT: REDEFINING EMPLOYEE EXPERIENCE THROUGH THE METAVERSE Herdati, Julia Putri; Rahmawati, Rini
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/rqfbkj82

Abstract

The development of metaverse technology has changed the dynamics of the work experience, especially for Generation Z who are digital natives. This study aims to explore how the integration of metaverse technology can reshape employee experience and engagement in a virtual work environment.This study focuses on analyzing the impact of metaverse technology on Generation Z's engagement and work experience, taking into account psychosocial and behavioral aspects that are often overlooked in previous literature.This study used a Systematic Literature Review (SLR) approach to identify, evaluate, and synthesize findings from 68 relevant peer-reviewed articles. Data were collected through Scopus and Web of Science databases, and analyzed using thematic analysis techniques.Key findings suggest that elements such as virtual immersion, digital identity, and virtual collaboration significantly increase employees’ emotional and cognitive engagement. Furthermore, the work flexibility offered by the metaverse has the potential to increase job satisfaction, although it also poses the risk of digital fatigue.This study makes an important contribution to employee engagement theory by highlighting the need to integrate digital wellbeing policies into human resource management practices. These findings are expected to serve as a guide for organizations in designing more inclusive and productive work environments.
THE EFFECT OF SALES GROWTH AND OPERATING CAPACITY ON FINANCIAL DISTRESS (ON COSMETIC COMPANIES LISTED ON THE IDX IN THE PERIOD 2019-2023) Sari, Diah Novita
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/9vx32f24

Abstract

This study aims to analyze the effect of sales growth and operating capacity on financial distress in cosmetic companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2023. This study also compares the financial condition of companies before and after the COVID-19 pandemic using the Altman Z-Score method to measure the potential for bankruptcy. The results of the study indicate that sales growth has a negative effect on the company's financial condition, while operating capacity as an indicator of asset utilization efficiency also contributes to the risk of financial distress. Comparison of the Altman Z-Score before and after the COVID-19 pandemic revealed no significant differences, where the pandemic worsened the financial condition of most cosmetic companies due to decreased income and changes in people's consumption patterns. 
BRIDGING LEADERSHIP AND INNOVATION: MAPPING THE EVIDENCE ON TRANSFORMATIONAL LEADERSHIP AND INNOVATIVE WORK BEHAVIOR Jadmiko, Purbo; Anggraeni, Ade Irma; Purnomo, Ratno
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/91sz7h07

Abstract

This systematic literature review synthesizes empirical evidence on the relationship between transformational leadership and innovative work behavior (IWB) across organizational contexts. Analyzing 11 high-quality studies from Scopus Q1 and Q2 journals (2018-2023), we identified three key findings: First, transformational leadership consistently enhances IWB through psychological empowerment, intellectual stimulation, and individualized consideration. Second, the strength of this relationship depends on mediators (trust, knowledge sharing) and moderators (work environment, cultural context). Third, measurement approaches for IWB vary significantly across sectors, with most studies employing quantitative methods such as the Innovation Behavior Inventory. The review reveals important geographical patterns, with substantial contributions from Asian researchers. We highlight critical gaps in current research, including inconsistent operationalization of IWB and insufficient attention to sector-specific dynamics. Our findings suggest that organizations can foster innovation by developing transformational leaders while creating supportive environments. Future research should focus on developing cross-cultural IWB measures and examining underrepresented sectors. This study contributes to leadership and innovation literature by providing a comprehensive, evidence-based framework for understanding how transformational leadership drives workplace innovation.
THE ROLE OF AI-DRIVEN PERSONALIZATION IN SHAPING CONSUMER LOYALTY IN E-COMMERCE Sucidha, Irma
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/xbvh6t64

Abstract

Digital transformation has driven the adoption of artificial intelligence (AI) technology in e-commerce personalization strategies, which has the potential to increase consumer loyalty. However, understanding of how AI-driven personalization affects consumer loyalty is still limited. This study aims to explore the influence of AI-driven personalization on consumer loyalty in e-commerce platforms, as well as identify the psychological mechanisms involved. The approach used is a Systematic Literature Review (SLR) by collecting and analyzing 28 peer-reviewed articles from the Scopus and Web of Science databases. Data were analyzed using thematic coding techniques and the Stimulus-Organism-Response (S-O-R) framework to understand the relationship between AI personalization and consumer loyalty. The findings indicate that AI-driven personalization significantly increases consumer loyalty through mediators such as trust, perceived value, and satisfaction. In addition, moderating factors such as privacy concerns and product types also affect the effectiveness of personalization strategies. This study provides important insights for e-commerce practitioners in designing effective and ethical personalization strategies, and contributes to the development of consumer loyalty theory in the digital context.
LINKING FINANCIAL LITERACY TO ENTREPRENEURIAL SUCCESS: A SYSTEMATIC REVIEW OF THEORETICAL AND EMPIRICAL EVIDENCE Ariffianti, Indah; Arsana, I Nengah; Prathama, Baiq Desthania; Armiani, Armiani
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/b0m3hh45

Abstract

Financial literacy is increasingly recognized as a crucial factor influencing the success of micro, small and medium enterprises (MSMEs), especially in developing countries. Despite the importance of financial literacy, many entrepreneurs still lack adequate knowledge, which hinders their decision-making abilities and business performance.This study aims to investigate the relationship between financial literacy and financial performance of MSMEs, with a focus on identifying mediating and moderating factors that influence this relationship. A systematic literature review (SLR) was conducted by analyzing peer-reviewed articles published between 2016 and 2024. Data were collected from leading databases, including Scopus and Web of Science. Thematic analysis was applied to synthesize findings and identify key patterns in the literature.This review reveals a positive correlation between financial literacy and business performance indicators such as profitability and revenue growth. In addition, factors such as managerial competence and access to financial resources are found to act as mediators and moderators in this relationship, enhancing the effectiveness of financial literacy in improving business outcomes.These findings emphasize the need for targeted financial literacy programs for MSMEs, which can significantly improve their financial management practices and overall performance. This study contributes to the theoretical framework of financial literacy and offers practical implications for policymakers and business educators in promoting sustainable entrepreneurship.
DIGITAL TRANSFORMATION IMPACT STRATEGY ON ESG IMPLEMENTATION IN VARIOUS INDUSTRY SECTORS: A LITERATURE REVIEW Gayatri, Putu Anisa; Arta, Putu Wahyu Permana; Purnamawati, I Gusti Ayu; Werastuti, Desak Nyoman Sri; Sinarwati, Ni Kadek; Adiputra, I Made Pradana
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/nq066008

Abstract

In the ever-evolving digital era, digital transformation has become a major force driving the integration of Environmental, Social, and Governance (ESG) principles in various industrial sectors. This article aims to narratively examine how digital transformation contributes to ESG implementation, by reviewing academic literature and industry reports from the last five to ten years. The study was conducted using a narrative literature review approach with a focus on three ESG dimensions, namely environmental, social, and governance. The results of the study show that digitalization drives energy efficiency, green innovation, and emission reduction in the environmental sector; strengthens social inclusion, human resource development, and access to services in the social aspect; and improves transparency, accountability, and oversight systems in organizational governance. However, there are challenges such as the digital divide, data ethics risks, and technological bias, especially in developing countries. This article also highlights significant differences in infrastructure readiness and capabilities between developed and developing countries. By presenting cross-sector thematic mapping, this article is expected to be a conceptual and practical reference for academics, industry players, and policy makers in designing digital transformation strategies that are aligned with global sustainability goals.
AI POWERED PERSONALIZATION IN MARKETING: BALANCING CUSTOMER ENGAGEMENT AND PRIVACY CONCERNS Mulyono, Sri; Letsoin, Edward Kurniawan Saputra
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/nyp86r92

Abstract

The application of artificial intelligence (AI) in marketing strategies has increased rapidly, but there are significant concerns about data privacy that can erode consumer trust. This study aims to explore how AI-based personalization strategies can balance customer engagement and privacy concerns.This study focuses on developing a framework that integrates aspects of technology, consumer behavior, and privacy ethics in the context of digital marketing.This study used the Systematic Literature Review (SLR) approach with the PRISMA protocol to identify and analyze relevant literature. Data were collected from the Scopus and Web of Science databases, with thematic analysis to identify key patterns and themes.The findings suggest that transparency in data usage, user control over personal information, and application of data minimization principles are key strategies for building trust and increasing customer engagement. The study also identifies mediators such as trust and perceived risk that influence the relationship between AI personalization and privacy.These findings make a significant contribution to the development of digital marketing theory and offer practical guidance for marketers to design ethical and effective strategies, which can increase customer loyalty and strengthen long-term relationships.
THE EFFECT OF PROFITABILITY, SOLVENCY AND LIQUIDITY ON COMPANY VALUE(Study on Mining Companies on the Indonesia Stock Exchange in 2020-2023) Lembah, Amelia Amanda; Masruddin, Masruddin; Mapparessa, Nurlaela; Yuniar, Latifah Sukmawati
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 4 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/w17x6w21

Abstract

This research aims to test and analyze simultaneously and partially the influence of profitability, solvency and liquidity on company value (Study of Mining Companies on the Indonesian Stock Exchange in 2020-2023). The population in this research is mining companies listed on the LQ 45 Index on the Indonesian Stock Exchange, totaling 11 companies. Sampling uses a saturated sampling technique so that the entire population is used as a sample. The data analysis method used is descriptive analysis and multiple linear regression using the SPSS 25 application. The results of this research show that simultaneously Profitability, Solvency and Liquidity have a significant and influential effect on Company Value. Meanwhile, partially Profitability and Liquidity have no effect on Company Value. Solvency has a negative influence on company value. 
CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE DURING ECONOMIC CRISES: A GLOBAL EVIDENCE Botutihe, Nur'atni
Management Studies and Business Journal (PRODUCTIVITY) Vol. 2 No. 5 (2025): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/j62kvq93

Abstract

Corporate governance (CG) is an important element in ensuring accountability and operational efficiency, especially during global economic crises such as the 2008 financial crisis and the COVID-19 pandemic. Although many studies have discussed the relationship between CG and financial performance (FP), few have explicitly considered the institutional context across countries. This gap suggests the need to examine how institutional factors moderate the relationship between CG and FP during times of crisis.This study examines how CG mechanisms affect corporate financial performance during economic crises, highlighting the moderating role of differences in institutional settings across countries. A narrative review approach is used to synthesize conceptual and empirical findings from reputable journals (2000–2024), focusing on two major crises: the 2008 global crisis and the COVID-19 pandemic. The literature is mapped by theme, geographic region, and type of crisis.The results show that strong CG mechanisms, such as board independence and the existence of an audit committee, can improve financial resilience during crises. However, their effectiveness varies greatly depending on the quality of institutions in each country. In countries with weak institutions, formal CG structures often do not produce optimal results. These findings underscore the complexity of the CG–FP relationship and the importance of contextual strategies.In conclusion, CG plays an important role in maintaining corporate financial stability during crises, but its impact is highly dependent on the quality of local institutions. A uniform approach is inadequate; a deeper understanding of local dynamics and policy responses is needed. This study integrates Agency Theory and Institutional Theory, and provides theoretical and practical contributions for managers and policymakers.

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