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Commercium: Journal of Business and Management
Published by PT Penerbit Ilmiah Indonesia
ISSN : -     EISSN : 30319889     DOI : https://doi.org/10.61978/commercium/
Core Subject : Science, Education,
Decision Sciences, Operations Research & Management Other
Commercium: Journal of Business and Management, is an open-access, peer-reviewed academic journal dedicated to publishing high-quality research in the field of business and management. The journal provides a platform for scholars and practitioners to explore a wide range of topics in business, management, and related disciplines. It covers both theoretical and applied aspects of business and management, with an emphasis on global and interdisciplinary research. The journal publishes original research articles, reviews, case studies, and conceptual papers, with a focus on enhancing understanding of modern management practices, strategies, and policies. It serves as a key resource for academics, researchers, and professionals working across industries, from private and public sectors to non-profit organizations
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis dan Menejemen Intetrnasional
Articles 5 Documents
 1 
Search results for , issue "Vol. 3 No. 4 (2025): November 2025" : 5 Documents clear
Understanding Employee Loyalty: Motivation and Compensation in the Indonesian Garment Sector Retnowati, Ayu Nike; Hafizhah , Salsabila; Putra, Okta Eka
Commercium : Journal of Business and Management Vol. 3 No. 4 (2025): November 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/commercium.v3i4.843

Abstract

This study investigates the influence of motivation and compensation on employee loyalty at CV. Garmen XYZ, a garment company facing a high employee turnover rate (up to 13.8%) and above-average absenteeism (7.1%). These issues reflect low employee loyalty, potentially affecting productivity and organizational stability. Furthermore, compensation remains below the regional minimum wage, and absenteeism indicates low employee motivation. The study aims to examine the conditions of motivation, compensation, and loyalty, and to measure the partial and simultaneous influence of motivation and compensation on loyalty. A quantitative approach was applied using descriptive and verification methods. Data were collected from 104 respondents through closed questionnaires using a Likert scale, selected via purposive sampling. Validity and reliability tests were conducted, followed by classical assumption tests, multiple linear regression, t-tests, F-tests, and coefficient of determination (R²). Results show that motivation, compensation, and employee loyalty are generally perceived as high. However, real conditions reveal a mismatch, with compensation below standards and high turnover. Motivation has a significant partial influence on loyalty (64.8%), while compensation does not, though it contributes 33.5%. Simultaneously, motivation and compensation significantly influence employee loyalty, with a combined effect of 64.4%. The findings highlight that enhancing motivation is more effective in fostering employee loyalty than relying on compensation alone.
Study of Improving Cluster Supply Chain Capability at PT. XYZ Through The Implementation of Digital Connectivity Rahady, Peri; Tricahyono, Dodie; Dudija, Nidya
Commercium : Journal of Business and Management Vol. 3 No. 4 (2025): November 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/commercium.v3i4.713

Abstract

This study explores how digital connectivity can enhance the operational effectiveness of cluster-based supply chains, using PT XYZ as a case example. In an increasingly volatile and complex market environment, real-time data integration has emerged as a strategic necessity for supply chain agility and responsiveness. The findings reveal that digital connectivity significantly contributes to improving coordination, accelerating decision-making, reducing lead times by up to 30%, and lowering operational costs by approximately 20%. Central to this transformation is the adoption of Enterprise Resource Planning (ERP) systems, which enable predictive analytics, real-time inventory tracking, and scenario-based planning—tools that support both tactical and strategic decision-making. In addition, cloud platforms and collaborative digital tools further streamline communication across supply chain partners. Despite these improvements, the system at PT XYZ remains only partially automated, especially across geographically distributed clusters, pointing to the pressing need for unified digital integration. To address this gap, the study proposes a digital integration framework that emphasizes standardization of systems, infrastructure readiness, and change management strategies. Using a qualitative case study approach, the research draws on interviews, document analysis, and observations to evaluate implementation outcomes and identify key enablers and barriers. The findings offer practical insights for organizations seeking to enhance supply chain performance through digital.
Linking Agriculture and Tourism Through the Strategic Alliance Model: A Pathway to Sustainable Local Economies Susanti, Jeni; Wahyuni, Luh Mei; Astawa, I Putu Mertha
Commercium : Journal of Business and Management Vol. 3 No. 4 (2025): November 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/commercium.v3i4.868

Abstract

This research explores the integration of Bali’s agricultural and tourism sectors through a strategic alliance framework as a pathway to sustainable local economic development. It responds to the challenge that the potential synergy between these sectors has not been fully utilized and is increasingly at risk due to land conversion, environmental pressures, and cultural transformation resulting from rapid tourism expansion. The novelty of the study lies in combining three complementary theoretical perspectives, strengthening supply chain relationships, integrating the tourism value chain, and promoting pro-poor tourism—into a single contextually grounded model. Employing a qualitative case study approach, data were collected from 12 key informants and 50 tourists using interviews, focus group discussions, and field observations. The analysis indicates strong market opportunities supported by economic, social, and technological drivers, yet practices across the five alliance components remain disjointed and lack coordination. The proposed model offers a practical contribution by linking theory to application, creating a framework that can improve farmers’ livelihoods, safeguard cultural traditions, and reinforce Bali’s competitiveness as a sustainable tourism destination.
The Effect of Environmental Social Governance, Cash Holding and Capital Structure on Financial Performance Fauziyah, Rifa; Paramita, Veronika Santi
Commercium : Journal of Business and Management Vol. 3 No. 4 (2025): November 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/commercium.v3i4.894

Abstract

The study aims to determine the influence of Environmental Social Governance (ESG), cash holding, and capital structure on the financial performance of energy sector companies listed on the Indonesia Stock Exchange. The research method is quantitative with descriptive causality analysis. The population in this study is all 83 energy sector companies listed on the Indonesia Stock Exchange, with purposive sampling criteria, with a sample of 12 companies. The analysis method used is panel data regression. Partially, ESG and DAR do not affect ROA, cash holding has a positive effect on ROA. Simultaneously, all three variables impact ROA (financial performance). Energy sector companies need to re-evaluate their overall performance, such as allocating costs to implement ESG, managing cash optimally and wisely, and using sufficient debt to improve financial performance.
The Role of Religiosity in Moderating Auditor Integrity Cahyadi, Prematur Alfian; Malakiano, Reskino
Commercium : Journal of Business and Management Vol. 3 No. 4 (2025): November 2025
Publisher : Indonesian Scientific Publication

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61978/commercium.v3i4.849

Abstract

This study investigates the influence of Time Budget Pressure, Auditor Experience, and Auditor Commitment on Auditor Integrity, with Religiosity introduced as a moderating variable. The research is motivated by the need to understand how ethical and experiential factors interact to shape auditor behavior, particularly in contexts where integrity is paramount. A quantitative approach was employed through the distribution of structured questionnaires. The sampling technique used was non-probability sampling, targeting auditors from various professional backgrounds, including public accounting firms, internal corporate audit units, government internal auditors, and external government auditors. The key variables measured include Time Budget Pressure, Auditor Experience, Auditor Commitment, Religiosity, and Auditor Integrity. The findings reveal that both Time Budget Pressure and Auditor Experience significantly influence Auditor Integrity. Furthermore, Religiosity moderates the relationship between these two variables and Auditor Integrity. In contrast, Auditor Commitment does not exhibit a significant effect on Auditor Integrity, and Religiosity does not moderate this particular relationship. The inclusion of Religiosity as a moderating variable offers a novel contribution to the literature on auditor ethics and behavioral influences. The results suggest that fostering religiosity among auditors may enhance integrity, particularly under conditions of time pressure or varying levels of experience. These insights have theoretical implications for the development of ethical frameworks and practical relevance for regulatory bodies and professional organizations aiming to strengthen the auditor’s code of ethics.

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