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Mohamad Toha
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Danadyaksa: Post Modern Economy Journal
Published by Yayasan Pendidikan Islam Bustanul Ulum Mojokerto
ISSN : -     EISSN : 30258545     DOI : https://dx.doi.org/10.69965/DPMEJ
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Danadyaksa: Post Modern Economy Journal is an open-access, peer-reviewed journal whose objective is to publish original research papers related to the economy, Sharia economy, and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, practitioners, regulators, and public societies. The journal welcomes authors from any institutional background and accepts rigorous empirical or theoretical research papers with any methods or approach that is relevant to the Economy, Sharia Economy, and Business Issues content, as long as the research fits one of four salient disciplines: Economy, Sharia Economy, Business, and Accounting. Economics: Development Economics, Public Economics, International Economics, Monetary Economics, Microeconomics, Macroeconomics, Econometrics. Sharia Economics: Sharia Business and Management, Sharia Finance, Sharia Accounting, Sharia Social Finance. Business & Management: Human Resource Management, Strategic Management, Marketing Management, Financial Management, Operations and Knowledge Management, Entrepreneurship, Business Ethics and Sustainability. Accounting: Financial Accounting, Public Sector Accounting, Management Accounting, Accounting Information System, Auditing, Corporate Governance, Sustainability Accounting, Education Accounting.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 172 Documents
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The Influence of Psychological Contracts and Career Development on the Performance of State Civil Apparatus (ASN) Employees Moderated By Organizational Climate at University of Mataram Agus Supratman; Santy Nururly; Dwi Putra Buana Sakti
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.264

Abstract

This study aims to analyze the influence of psychological contracts, career development, and organizational climate on employee performance at the University of Mataram. Employee performance, in the context of state universities, is not only influenced by structural and administrative aspects, but also by psychological factors, human resource development, and perceptions of the work environment. This study used a quantitative approach with a survey method, where data was collected through questionnaires distributed to educational staff at the University of Mataram. Data analysis was conducted using inferential statistical analysis techniques to test the relationship and influence between research variables. The results showed that psychological contracts, career development, and organizational climate had a positive and significant influence on employee performance. A fulfilled psychological contract increased employee commitment and responsibility to the organization. Career development that is systematically and sustainably designed contributes to the increased competency and work productivity. Meanwhile, a conducive organizational climate, characterized by good communication, leadership support, and cooperation among employees, plays a crucial role in shaping positive work behavior. The findings of this study imply that the University of Mataram needs to strengthen its human resource management policies oriented toward fulfilment of psychological contracts, fair and transparent career development, and creation of a supportive organizational climate. These efforts are expected to improve employee performance sustainably and support the achievement of the institution's strategic goals.
The Influence of Product Quality, Price, and Promotion on Product Purchase Decisions at AW Cosmetics Store Nur Ainun Br Damanik; Ade Parlaungan Nasution; Fauziah Hanum
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effect of product quality, price, and promotion on purchasing decisions at Toko AW Kosmetik. The research employs a quantitative approach using a survey method. The population consists of all consumers of Toko AW Kosmetik, with samples selected through an accidental sampling technique. Data was collected through questionnaires that had been tested for validity and reliability. The data analysis techniques include classical assumption tests, multiple linear regression analysis, t-test, F-test, and coefficient of determination (R²). The results indicate that partially, product quality has a positive and significant effect on purchasing decisions. Price also has a positive and significant effect on purchasing decisions, indicating that the suitability of price with the benefits received is a primary consideration for consumers. Promotion is proven to have a positive and significant effect on purchasing decisions, where the intensity and attractiveness of promotional activities can increase consumer interest and encourage purchasing actions. Simultaneously, product quality, price, and promotion have a significant effect on purchasing decisions at Toko AW Kosmetik. The coefficient of determination shows that the independent variables explain a substantial proportion of the variance in purchasing decisions, while the remaining variance is influenced by other factors outside the research model. In conclusion, improving product quality, setting competitive prices, and implementing effective promotional strategies are key factors in increasing consumer purchasing decisions at Toko AW Kosmetik.
The Impact of Market Capitalization and Dividend Policy on Firm Value (A Study of Food and Beverage Companies Listed on the Indonesia Stock Exchange from 2019 to 2024 Aswandi Jufry; Ni Made Suwitri Parwati; Moh. Iqbal Bakry; Muhammad Ilham Pakawaru
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

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Abstract

Firm value is an important indicator for investors in assessing corporate performance and future prospects. However, previous studies on the relationship between market capitalization, dividend policy, and firm value have produced inconsistent results. This study aims to examine the effect of market capitalization and dividend policy on firm value in food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2024 period. This study employed a quantitative explanatory approach using secondary data obtained from annual reports and the Indonesia Stock Exchange. A purposive sampling technique was applied, resulting in 18 companies as the research sample. Data were analyzed using multiple linear regression with SPSS Version 25. The results indicate that market capitalization has a positive and significant effect on firm value, while dividend policy has a positive but insignificant effect. These findings suggest that investors place greater emphasis on market valuation than on dividend distribution when assessing firm value. This study contributes to the corporate finance literature by providing updated empirical evidence on the determinants of firm value in Indonesia's food and beverage sector and offers practical insights for managers and investors.
Profit Sharing Principle: Philosophical and Practical Basis of Mudharabah and Musyarakah Myla Lestari; Saigatun Haniyah; Sri Rokhlinasari; Alvien Septian Haerisma
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

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Abstract

This study examines the differences between mudharabah and musyarakah contracts and their implications for Islamic banking practices. Using a qualitative approach with a literature review method, the study analyzes data obtained from scientific journals, books, and related academic sources through descriptive and comparative analysis. The discussion focuses on key aspects of both contracts, including capital contribution, business management, profit-sharing mechanisms, and risk distribution. The findings indicate that mudharabah provides greater flexibility because business management is fully entrusted to the entrepreneur. However, this contract is more vulnerable to information asymmetry, moral hazard, and monitoring difficulties, which increase the level of financing risk. In contrast, musyarakah offers a more balanced partnership model through direct involvement of all parties in business management and decision-making, resulting in stronger control and more manageable risks. Consequently, musyarakah has become more widely applied in Islamic banking practices due to its stability and suitability for modern financing systems. The study also reveals a gap between the theoretical ideal of profit-sharing contracts and their practical implementation in Islamic financial institutions. Although mudharabah conceptually reflects a higher level of trust and partnership, its application remains limited because Islamic banks tend to prioritize financing models with lower operational risks. Meanwhile, musyarakah is considered more adaptable to contemporary banking needs due to its balance between profitability, supervision, and financial stability. Therefore, the study emphasizes the importance of strengthening supervision mechanisms, improving transparency, and developing innovative contract models to optimize the implementation of profit-sharing principles in the Islamic financial system.
The Effect of Product Quality, Price Affordability, and Brand Equity on Porang Rice Purchase Decisions Through Halal Awareness as a Moderating Variable Dhealzy Rheynanda Syukrillah; Wahyu Santoso; Mirza Andrian Syah
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.334

Abstract

This study aims to analyze the influence of product quality, price affordability, and brand equity on purchase decisions of porang rice through halal awareness in Central Jakarta. Porang rice is an alternative food product with high fiber and low calorie content that has the potential to support food diversification in Indonesia. However, consumer acceptance of porang rice is still relatively varied and influenced by several marketing factors as well as halal considerations. This research used a quantitative approach with a survey method. Data were collected through questionnaires distributed to consumers who had knowledge or experience purchasing porang rice in Central Jakarta using purposive sampling. The variables analyzed consisted of product quality, price affordability, and brand equity as independent variables, halal awareness as a moderating variable, and purchase decision as the dependent variable. Data analysis was conducted using Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) approach through SmartPLS software. The results showed that product quality, price affordability, and brand equity have a significant effect on purchase decisions. These findings indicate that marketing factors combined with halal awareness play an important role in influencing consumer purchasing decisions for porang rice in urban areas.
Budget Implementation Performance Indicators in Dual Institutional Roles: A Case Study of KPPN Yogyakarta as Work Unit and State General Treasurer Sri Mulyati; Valentina Lurahindria
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.335

Abstract

This study aims to analyze the most dominant Budget Implementation Performance Indicators (IKPA) and the factors causing differences in IKPA achievement based on the dual roles of KPPN Yogyakarta as a work unit and the State General Treasurer. This research employs a qualitative approach using interview data and secondary IKPA data from 2022–2025. The findings reveal that DIPA Page III deviation, budget absorption, and output achievement are the most influential indicators affecting overall IKPA performance. Differences in IKPA achievement between the two institutional roles are primarily driven by variations in managerial control, budget management complexity, and the characteristics of supervised work units. These findings indicate that IKPA performance is shaped not only by internal budget management quality but also by institutional role and governance structure. Therefore, efforts to improve IKPA achievement should prioritize strengthening budget planning, monitoring mechanisms, work unit supervision, and optimization of dominant performance indicators
Analysis of the Implementation of Internal Control Based on COSO 2013 in the Service Payment Requirement Document Verification Process at PT PLN (Persero) UP3 Yogyakarta Cindy Berliane Ristanti; Sri Mulyati
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.336

Abstract

This study aims to analyze the implementation of internal control based on the COSO 2013 framework in the verification process of service payment requirement documents at PT PLN (Persero) UP3 Yogyakarta and to examine its role in preventing potential irregularities in cash disbursements. This issue is important because service payment transactions involve company funds and require adequate control to ensure accountability, accuracy, and compliance with applicable procedures. The study employed a qualitative descriptive approach. Data were collected through in-depth interviews with relevant informants. The findings show that internal control has been implemented effectively through clear clear duties, layered verification, VIP systems, communication, and monitoring, ensuring accountable cash disbursement management. The Document verification prevents cash disbursement irregularities by reducing errors, fraud, and unauthorized payments.
Intention to Exaggerate in Online Reviews Among Social Media Users in Indonesia Nuraini Pasaribu; Istyakara Muslichah
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.337

Abstract

This study examines the influence of Dark Personality Traits on the intention to exaggerate online reviews among Indonesian social media users. The study focuses on narcissism, machiavellianism, psychopathy, and moral disengagement in the context of organic social media reviews. Data were collected through an online questionnaire, resulting in 244 valid responses, and analyzed using PLS-SEM with SmartPLS 4. The results show that machiavellianism positively influences exaggeration intention, whereas narcissism and psychopathy do not have significant direct effects. However, all three Dark Personality Traits positively influence moral disengagement, which significantly increases the intention to exaggerate online reviews. Moral disengagement emerged as the strongest predictor, highlighting its role in facilitating information distortion. This study contributes to the literature on consumer ethics, digital marketing, and the Dark Triad in a collectivist, non-Western context. The findings also provide practical implications for businesses and social media platforms in improving review monitoring systems, strengthening digital ethics awareness, and maintaining the credibility of online review ecosystems.
The Role of Corporate Social Responsibility (CSR) through Foster Child and Achievement Scholarship Programs in Enhancing Employer Branding of A Nickel Mining Company in Indonesia among the Local Community of Sorowako Fegi Ivaza; Jaya Addin Linando
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.339

Abstract

This study examines the perceptions of scholarship beneficiaries regarding the implementation of Corporate Social Responsibility (CSR) programs, specifically the Foster Child Scholarship (Beasiswa Anak Asuh) and Achievement Scholarship (Beasiswa Prestasi), and investigates their contribution to enhancing the Employer Branding of a nickel mining company in Indonesia among the local community of Sorowako. A qualitative phenomenological approach was employed, with data collected through semi-structured interviews with 15 informants comprising beneficiary parents, program facilitators, and internal company representatives. Thematic analysis was used to analyze the data. Findings reveal that beneficiaries hold positive perceptions of the CSR programs, which they regard as transparent, sustainable, and genuinely beneficial. The scholarship programs reduce educational costs, enhance student motivation and academic performance, and reflect the company's social commitment to the local community. Structured communication and program assistance foster trust and harmonious community relations. Furthermore, CSR education programs contribute to shaping a positive corporate image and strengthening a nickel mining company’s employer branding in Indonesia's. The company is perceived as socially responsible, education-oriented, and an attractive workplace, particularly for younger generations. Educational CSR programs thus function not only as social initiatives but also as strategic instruments for reinforcing Employer Branding.
Hard Skills, Soft Skills, and Productivity: Determinants of Income Improvement Among Vocational Training Graduates Makmuri Ahdi; Fahru Ravi
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 1 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i1.348

Abstract

This study expands the understanding of the impact of hard skills, soft skills, and vocational training by moving beyond a narrow focus on technical abilities to include psychological and social dimensions while exploring the long-term effects on alumni income. It specifically aims to analyze how hard skills, soft skills, and vocational productivity training influence the income growth of alumni from the Balai Besar Pelatihan Vokasi dan Produktivitas (BBPVP) Bekasi. Utilizing a quantitative methodology, the research draws from primary data collected via questionnaires and secondary data from supporting documentation. The study population consists of all 2024 trainees who completed programs at Balai Besar Pelatihan Vokasi dan Produktivitas (BBPVP) Bekasi, with sampling determined by the Slovin formula. Partial data analysis was conducted using t-tests, revealing that hard skills significantly affect income growth with a calculated t-value of 4.600, exceeding the t-table value of 1.985. Similarly, soft skills partially influence income increases with a t-value of 5.901 against the 1.985 threshold, and vocational productivity training also shows a significant partial impact with a t-value of 3.893 compared to the t-table value of 1.985.

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