cover
Contact Name
Tonny Yuwanda
Contact Email
admin@takaza.id
Phone
+628115032147
Journal Mail Official
escalate@takaza.id
Editorial Address
Jl. BERLIAN RAYA BLOK M, PEGAMBIRAN AMPALU NAN XX, LUBUK BEGALUNG, KOTA PADANG, SUMATERA BARAT
Location
Kota padang,
Sumatera barat
INDONESIA
Escalate : Economics and Business Journal
ISSN : -     EISSN : 30254213     DOI : https://doi.org/10.61536/escalate
Core Subject : Economy,
Escalate invites both empirical and theoretical articles that explore micro and macro phenomena. The journals publication scope encompasses a wide array of domains, including macro and micro economics, business strategy and policy, entrepreneurship, finance and accounting studies, human resource management, marketing, organizational behavior, organizational theory, and research methods.
Articles 358 Documents
The Effect of Supervision and Work Environment on Employee Work Discipline at Type a Tirtonadi Terminal Surakarta Farhan Arya Mahendra
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.815

Abstract

This study examines the effect of supervision and the work environment on employee work discipline at Type A Terminal Tirtonadi Surakarta. The study responds to the operational characteristics of a 24-hour public transportation terminal, where employee attendance, compliance with standard operating procedures, and continuous presence at operational posts are essential to service reliability. A quantitative survey design was employed. The population comprised 116 employees, and 90 respondents were selected using simple random sampling after the Slovin formula was applied at a 5% margin of error. Data were collected through a five-point Likert questionnaire and analyzed using descriptive statistics, validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, an F-test, and the coefficient of determination. The instruments were valid and reliable, with Cronbach's alpha values of 0.906 for supervision, 0.918 for the work environment, and 0.940 for work discipline. The regression equation was Y = -0.200 + 0.793X1 + 0.363X2 + e. Supervision had a positive and significant effect on work discipline (B = 0.793; t = 5.663; p < 0.001), while the work environment also had a positive and significant effect (B = 0.363; t = 3.042; p = 0.003). Simultaneously, the model was significant (F = 245.713; p < 0.001), with an Adjusted R² of 0.865. These findings indicate that disciplined public service behavior at Tirtonadi Terminal is strongly associated with systematic supervisory practices and a supportive physical and social work environment.
The Influence of Company Growth and Debt Policy on Profitability at PT Wijaya Karya (PERSERO) 2015-2025 Refty Amelia Putri; Suryadi Marthadinata
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.817

Abstract

Construction companies face financial challenges that require effective asset and debt management to maintain profitability. This study aims to determine the effect of company growth and debt policy on profitability at PT Wijaya Karya (Persero) Tbk for the period 2015–2025, both partially and simultaneously. This study uses a quantitative approach with an associative research type. The research population is the company's annual financial reports, with a sample of 11 annual financial reports for the period 2015–2025 determined using a saturated sampling technique. Secondary data were collected through observation, documentation, and literature study. Data analysis techniques include descriptive statistics, classical assumption tests, simple and multiple linear regressions, correlation and determination coefficients, as well as t-tests and F-tests with the help of SPSS 27. The results of the study indicate that company growth has a positive and significant effect on profitability, while debt policy has a negative and significant effect. Simultaneously, company growth and debt policy have a significant effect on profitability with an R Square value of 0.850. In conclusion, effective asset growth management and prudent debt policies are needed to support company profitability.
The Influence of Financial Literacy, Financial Planning, and Fintech Payment on Financial Management of Students of the Faculty of Economics and Business, Slamet Riyadi University, Surakarta Devi Lintang Sari; Setyaningsih Sri Utami
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.819

Abstract

Student financial management has become crucial amidst the increasing use of digital financial services, which can facilitate transactions while increasing the risk of unplanned expenses. This study aims to analyze the influence of financial literacy, financial planning, and fintech payments on the financial management of students at the Faculty of Economics and Business, Slamet Riyadi University, Surakarta. This study used a quantitative approach with a survey method. The study population consisted of 905 students from the 2024 and 2025 intakes, with a sample of 100 respondents selected using proportionate stratified random sampling. The research instrument was a Likert scale questionnaire with a score of 1 to 5. Data were analyzed using descriptive analysis and multiple linear regression after testing for validity, reliability, and classical assumptions. The results showed that financial literacy significantly influenced financial management with a coefficient of 0.190 and a significance level of 0.037. Financial planning significantly influenced with a coefficient of 0.312 and a significance level of 0.000, while fintech payments significantly influenced with a coefficient of 0.171 and a significance level of 0.021. Simultaneously, all three variables had a significant effect with F = 25.173 and Adjusted R² = 0.423. In conclusion, financial planning is the most powerful factor in improving student financial management, so strengthening planning skills and wisely utilizing digital financial services is necessary
The Effect of Leverage and Profitability on Company Value at PT Bank Sinarmas Tbk for the 2015-2024 Period Yutisa Telaumbanua; Dina Novita
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.820

Abstract

The development of the banking sector and fluctuations in company value encourage the importance of analyzing financial factors that influence market valuation of companies. This study aims to analyze the effect of leverage and profitability on company value at PT Bank Sinarmas Tbk for the period 2015–2024. The study uses a quantitative approach with a descriptive method. The study population is the annual financial statements of PT Bank Sinarmas Tbk for the period 2015–2024, with a sample of 10 reports selected using saturated sampling. The research instrument is documentary data obtained from annual financial statements and stock price data. Data analysis uses descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, and coefficients of determination with EViews 12. The results show that DER has no significant effect on PBV with a significance value of 0.2847, while ROA has a positive and significant effect on PBV with a significance value of 0.0273. Simultaneously, DER and ROA have no significant effect on PBV with a significance value of 0.074004. In conclusion, profitability is a more relevant factor in explaining company value than leverage in the research object.
The Influence of Current Ratio (CR), Total Asset Turnover (TATO) and Debt to Equity Ratio (DER) on Profit Growth (PG) at PT Kalbe Farma Tbk for the 2015-2024 Period Lintang Yuniya Rahayu; Fakung Rahman
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.822

Abstract

The pharmaceutical industry has a strategic role in supporting the health system, while companies face challenges in maintaining sustainable profit growth amidst changing economic and business conditions. This study aims to analyze the effect of Current Ratio (CR), Total Asset Turnover (TATO), and Debt to Equity Ratio (DER) on Profit Growth (PG) at PT Kalbe Farma Tbk for the period 2015–2024. The study uses a quantitative approach with a causal associative method. The study population consists of the company's officially published quarterly and annual financial reports, while the sample consists of the financial position report and income statement for the period 2015–2024. Data were collected through indirect observation and document study, then analyzed using descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, correlation analysis, and coefficients of determination with SPSS 25. The results of the study indicate that CR, TATO, and DER partially have no significant effect on PG with significance values ​​of 0.385, 0.386, and 0.721, respectively. Simultaneously, the three variables also did not significantly influence PG with an F value of 0.864 and a significance level of 0.509. In conclusion, CR, TATO, and DER were not significant determinants of profit growth during the observation period.
Comparison of the Financial Performance of PT. Metropolitan Kentjana Tbk and PT. Agung Podomoro Land Tbk for the 2014-2024 Period Ade Anissafitri; Iriana Kusuma Dewi
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.823

Abstract

Competition in the property and real estate sector and changes in economic conditions require companies to maintain financial performance through efficiency and optimal resource management. This study aims to compare the financial performance of PT Metropolitan Kentjana Tbk and PT Agung Podomoro Land Tbk for the 2014–2024 period based on profitability, liquidity, and solvency ratios. The study uses a quantitative descriptive approach with a population and sample of 22 annual financial reports of both companies for 2014–2024. The research instrument uses financial report documentation, while data analysis is carried out through the calculation and comparison of Net Profit Margin (NPM), Operating Profit Margin (OPM), Current Ratio (CR), Quick Ratio (QR), Debt to Equity Ratio (DER), and Times Interest Earned (TIE). The results show that PT Metropolitan Kentjana Tbk is superior in profitability and solvency, with an average NPM of 37.12%, OPM of 38.94%, DER of 49.07%, and TIE of 15 times. PT Agung Podomoro Land Tbk has a higher CR, but a lower QR. In conclusion, PT Metropolitan Kentjana Tbk has a better overall financial performance, while PT Agung Podomoro Land Tbk needs to strengthen its profitability, liquidity, and capital structure.
The Effect of Shopee PayLater Usage Intention on Impulse buying Behavior among Generation Z with Religiosity as a Moderating Variable Triana Yulianti; Ahmad Rudi Yulianto
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.824

Abstract

The increasing use of Buy Now Pay Later (BNPL) services has raised concerns about impulse buying behavior, particularly among Generation Z. This study aims to examine the effect of intention to use Shopee PayLater on impulse buying behavior and the moderating role of religiosity in this relationship. The study employed an explanatory quantitative approach using primary data collected through an online questionnaire with a five-point Likert scale. A total of 130 Generation Z respondents residing in Semarang City who had used Shopee PayLater were selected through purposive sampling. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS. The results indicate that intention to use Shopee PayLater has a positive and statistically significant relationship with impulse buying behavior (β = 0.543; t = 8.001; p < 0.001). However, religiosity does not significantly moderate this relationship (β = −0.026; t = 0.352; p = 0.725). The model explains 30% of the variance in impulse buying behavior, as indicated by the R² value of 0.300. These findings suggest that stronger intention to use Shopee PayLater is associated with greater impulse buying behavior among the respondents, while the proposed moderating role of religiosity is not supported by the data. The findings highlight the importance of responsible use of digital financial services and improved consumer self-control to help reduce unplanned purchases.
The Effect of Market Capitalization and Company Size on Stock Returns at PT Sariguna Primatirta Tbk 2017–2025 Barliana Rinawati; Ria Rosalia Simangunsong
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.826

Abstract

This study examines the relationship of Market Capitalization and Company Size with Stock Returns at PT Sariguna Primatirta Tbk during 2017–2025. A quantitative approach was employed using secondary data from annual financial reports and historical stock prices. The data comprised nine annual observations and were analyzed using multiple linear regression with IBM SPSS Statistics 25. The results indicate that neither Market Capitalization nor Company Size is a statistically significant predictor of Stock Returns individually or jointly within the research model. The (R^2) value of 0.008 indicates that the model explains 0.8% of the variation in Stock Returns. These findings should be interpreted cautiously because the study is limited to nine annual observations from a single company, which restricts the generalizability of the results. Future research could include more companies, longer observation periods, and additional variables
The Influence of Financial Literacy, FOMO (Fear of Missing Out), and Risk Perception on Cryptocurrency Investment Interest among Generation Z in Driyorejo District Widi Suryo Pratama; Pancanto Kuat Prabowo; Reza Achmad Sabillah; Muhammad Randi Darmawan
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.827

Abstract

This study aims to analyze the relationship between financial literacy, Fear of Missing Out (FOMO), and risk perception and cryptocurrency investment interest among Generation Z in Driyorejo District, Gresik Regency. The study employed a quantitative approach with an explanatory research design. Data were collected using a structured questionnaire with a five-point Likert scale. The population consisted of 3,207 individuals from Generation Z. Based on the Slovin formula with a 10% margin of error, the calculated sample size was 96.97, rounded to 97 respondents. However, the study collected data from 100 respondents selected through purposive sampling. The data were analyzed using SPSS, including validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination. The results showed that financial literacy (B = 0.164; p = 0.011), FOMO (B = 0.017; p = 0.026), and risk perception (B = 0.390; p = 0.006) were each positively and significantly associated with cryptocurrency investment interest. Simultaneously, the three independent variables were statistically significant (F = 64.787; p < 0.001). The model produced an unadjusted R² of 0.669 and an adjusted R² of 0.659, indicating that the model explained 66.9% of the observed variation in investment interest before adjustment and 65.9% after adjustment for the number of predictors and sample size. These findings indicate significant statistical relationships between the three variables and cryptocurrency investment interest among Generation Z in Driyorejo District.
The Influence of Fundamental Analysis and Value Investing on Stock Price Growth at PT United Tractors Tbk for the 2015-2025 Period Dini Agustin; Suryadi Marthadinata
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.830

Abstract

This study examines the partial and simultaneous associations of Debt to Equity Ratio (DER), Earnings Per Share (EPS), Price Earnings Ratio (PER), and Price to Book Value (PBV) with stock price growth at PT United Tractors Tbk during the 2015–2025 period. A quantitative approach was employed using secondary data from annual financial reports and stock prices, comprising 11 annual observations from a single company. The data were analyzed using multiple linear regression with IBM SPSS Statistics 26. The results show that DER has a negative and statistically significant association with stock price growth (β = −0.939, p = 0.048), while EPS (p = 0.069) and PER (p = 0.505) are not statistically significant. In contrast, PBV has a positive and statistically significant association with stock price growth (β = 49.014, p = 0.013). Simultaneously, the four predictors are statistically significant (F = 5.985, p = 0.027). The adjusted R² of 0.666 indicates that the model explains 66.6% of the variation in stock price growth, while the remaining 33.4% is not explained by the model. Given the limited number of observations and the single-company setting, these findings should be interpreted cautiously and do not establish causal relationships. The results highlight the individual statistical relevance of DER and PBV in explaining stock price growth during the study period.