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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 68 Documents
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THE INFLUENCE OF BEAUTY INFLUENCER MARKETING AND POSITIVE ELECTRONIC WORD OF MOUTH (E-WOM) ON KOREAN SKINCARE BRAND PURCHASE DECISIONS MEDIATED BY BRAND TRUST Adinda Septi Utami; Baiq Handayani Rinuastuti; Lalu Edy Herman Mulyono
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.v4i1.251

Abstract

This study aims to analyze the influence of Beauty Influencer Marketing and Positive Electronic Word of Mouth (E-WOM) on purchasing decisions for Korean skincare brand products, both directly and indirectly through Brand Trust as a mediating variable. The research method uses a quantitative approach by distributing questionnaires to 129 respondents who are users of Korean skincare brands. Data were analyzed using Partial Least Square (PLS). The results show that Beauty Influencer Marketing and Positive E-WOM do not have a direct effect on purchasing decisions, but both have a significant effect on Brand Trust. In addition, Brand Trust is proven to have a positive effect on purchasing decisions, as well as mediating the influence of Beauty Influencer Marketing and Positive E-WOM on purchasing decisions. These findings confirm that the role of brand trust is very important in encouraging consumers to make purchases, especially for imported skincare products that are classified as high involvement.
Simultaneous Relationship Analysis Between Carbon Dioxide Emissions and GDP Per Capita in Asia: The Dynamics of Urbanization, Energy Consumption, Foreign Direct Investment, and Trade Openness Kamil Habibi; Imam Asngari; Abdul Bashir; Azwardi; Muhammad Subardin
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.v4i1.285

Abstract

This study aims to analyze the simultaneous relationship between carbon dioxide (CO₂) emissions and GDP per capita in 10 Asian countries, considering the dynamics of urbanization, energy consumption, foreign direct investment (FDI), and trade openness. The research employs an explanatory quantitative approach using panel data covering the period 2000–2024, obtained from the World Bank (WDI). The analysis applies a simultaneous equation model estimated using the Two Stage Least Squares (2SLS) method to address endogeneity issues. The results indicate that CO₂ emissions are significantly influenced by GDP per capita, urbanization, energy consumption, FDI, and lagged emissions, highlighting the presence of persistence effects. Meanwhile, GDP per capita is significantly affected by CO₂ emissions, FDI, and its lagged value. These findings suggest that economic growth in Asia remains highly dependent on energy-intensive and investment-driven activities, characterized by strong path dependence. Overall, the relationship between economic growth and environmental degradation is found to be mutually interdependent within a simultaneous system.
Toward Gender-Based Inclusive Development: Determinants of Female Labor Force Participation in Indonesia Kristina Suci Antika; Sitti Retno Faridatussalam
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.v4i1.288

Abstract

This study aims to analyze the effects of early marriage among women, female fertility rates, women’s health, women’s education, and women’s representation in parliament on the female labor force participation rate in Indonesia. A quantitative approach is employed using panel data covering 34 provinces over the 2018–2024 period. The analysis is conducted using a Fixed Effects (FE) model, selected based on the results of the Chow test and the Hausman test. The findings indicate that the female fertility rate has a negative effect on the female labor force participation rate, while women’s health has a positive effect. Early marriage among women, women’s education level, and women’s representation in parliament do not show statistically significant effects. These results suggest that biological and health-related factors play a more substantial role than social and political factors in influencing women’s economic participation. The implications of this study underscore the importance of public policies focused on improving access to reproductive health services and enhancing the overall quality of women’s health in order to promote sustained and inclusive increases in female labor force participation.
Fiscal Decentralization and Economic Growth: The Mediating Role of Gross Fixed Capital Formation in Java 2014–2024 Anastasya Putri Santoso; Grace Natalia Marpaung
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.v4i1.296

Abstract

This study examines the effect of fiscal decentralization, proxied by Regional Own-Source Revenue, Capital Expenditure, and Intergovernmental Transfers, on economic growth, and evaluates the mediating role of Gross Fixed Capital Formation in this relationship across six provinces on Java Island during the period 2014–2024. The study applies a quantitative approach using annual panel data obtained from Regional Government Financial Reports and the Central Statistics Agency. The analysis employs path analysis and the Sobel test under the Common Effect Model. The results show that Regional Own-Source Revenue and Capital Expenditure exert a positive and significant effect on both economic growth and Gross Fixed Capital Formation, whereas Intergovernmental Transfers exhibit a positive but insignificant effect on both variables. Gross Fixed Capital Formation significantly mediates the effect of Regional Own-Source Revenue and Capital Expenditure on economic growth, but does not mediate the effect of Intergovernmental Transfers. These results indicate that the transmission of fiscal decentralization to economic growth through capital accumulation operates effectively only through fiscally independent and productive components.
Hifz al-‘Aql and the Brain Rot Phenomenon in Digital Content Consumption Ana Nurwakhidah; Lulud Wijayanti
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.v4i1.318

Abstract

Brain rot caused by excessive digital content consumption from the perspective of hifz al-‘aql (preservation of intellect) within the framework of Maqasid al-Shariah. The rapid expansion of short-form digital media such as TikTok, Instagram Reels, and YouTube Shorts has significantly transformed human cognitive behavior, attention patterns, emotional regulation, and consumption habits. While digital media provide educational, informational, and economic opportunities, excessive exposure to algorithm-driven entertainment content contributes to cognitive fatigue, declining concentration, emotional instability, shortened attention spans, procrastination, and digital addiction. This research employs a qualitative library research approach grounded in Islamic epistemology and Islamic behavioral economics by analyzing Qur’anic verses, Hadith, classical Islamic scholarship, and contemporary studies on digital addiction and attention economy. The findings indicate that brain rot contradicts the objective of hifz al-‘aql because it weakens critical thinking, self-control, intellectual productivity, and reflective consciousness while promoting impulsive, passive, and hedonic behavior. Furthermore, the research reveals that algorithmic digital culture commodifies human attention and encourages excessive entertainment consumption at the expense of intellectual and spiritual development. Islamic behavioral economics offers an ethical framework emphasizing moderation (wasatiyyah), self-discipline (mujahadah al-nafs), ethical consumption, time accountability, and spiritually guided digital engagement to preserve intellectual well-being in the digital era. The research also proposes a maqasid-based digital consumption framework integrating cognitive protection, ethical media use, and spiritual awareness as preventive strategies against digital addiction and cognitive degradation. This research contributes theoretically to the development of Islamic behavioral economics and Islamic digital ethics while practically offering guidance for ethical digital literacy and healthy technology consumption among Muslim societies.
Analysis of Teachers' Work Discipline at Sunan Ampel Menganti Vocational High School Siti Mu'awanah; Roziana Ainul Hidayati
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.v4i1.338

Abstract

In education, teacher work discipline is an important element because it directly relates to the quality of learning and the achievement of educational goals. Teachers must demonstrate professional behavior consistent with the school's rules and norms. However, some teachers still arrive late, violate school regulations, and are less responsible in their duties. The purpose of this study is to understand the impact of indiscipline on teacher performance and strategies to improve teacher discipline. This type of research is descriptive qualitative research, data collection uses semi-structured interviews, data analysis uses the Miles & Huberman model, and member checks are used for data validity. The results of this study indicate that teacher indiscipline has negative impacts on themselves, fellow teachers, students, and the school. School efforts by implementing a fingerprint system, regular evaluations, and regulations regarding violation sanctions must be reinforced. There should also be a reward system for disciplined teachers. Research findings suggest that school policies need to integrate discipline monitoring and provide rewards to motivate teachers to be more effective in improving teacher discipline.
Unlocking Firm Profitability Through Governance Architecture: Financial Perspectives Mamay Komarudin
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.v4i1.410

Abstract

This investigation explores the extent to which corporate governance structures shape the earnings performance of consumer goods firms listed on the Indonesia Stock Exchange (IDX) over the 2017–2024 period. The core constructs examined include advertising intensity, market share, the board effectiveness score (BES), financial leverage (DER), and the quality of external auditing as captured by Big 4 affiliation. Drawing on a balanced panel of nine IDX consumer goods companies, this study employs Seemingly Unrelated Regression (SUR), a choice justified by the cross-equation residual correlation of r = −0.506 detected across two structural models. Coefficient stability was verified through three supplementary procedures: robust regression using the Huber M-estimator, a 1,000-iteration bootstrap of OLS coefficients, and quantile regression anchored at the median. Every one of the seven hypotheses reached statistical significance at the 95–99% confidence level. Within the first equation where BES is the outcome variable, advertising intensity (β = 6.609; p < 0.001), market share (β = 3.976; p < 0.001), ROE (β = 17.267; p < 0.001), and leverage DER (β = 7.044; p < 0.001) all produced positive and significant effects (R² = 91.9%). In the second equation, BES (β = 0.035; p < 0.001) and Big 4 audit quality (β = 0.478; p < 0.05) each elevated ROE, whereas market share exerted a significant negative drag (β = −0.170; p < 0.001), yielding R² = 81.5%. Governance quality and profitability are meaningfully intertwined, lending empirical support to agency theory, signaling theory, and resource dependence theory within emerging market settings.
The Urgency of Halal Certification According to Gen Z as Business Actors and Consumers in Viral Culinary: Case Study in Pamekasan City Diah Utami; Ah. Kusairi
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.v4i1.446

Abstract

The culinary trend that spreads through social media is apparently not a mild phenomenon. He reshaped the way Gen Z consumes food as well as the way they see business opportunities and in it, questions about the halalness of products began to be carried away. This research is also here to answer one thing that has gone unnoticed seriously: how urgent halal certification really is in the eyes of Gen Z, both those who are pioneering the culinary business and those who become consumers every day, in the midst of the viral culinary frenzy of Pamekasan City. This research does not stop at the conceptual level. The choice of empirical legal methods with case studies is not without reason This approach allows researchers to really hear the voice of the perpetrator in the field, rather than just fumbling from afar. In-depth interviews and direct observations were conducted on business actors and Gen Z consumers whose lives have indeed been integrated with the digital culinary ecosystem. And from there, one thing becomes clear: halal certification is seen not as a complement, but as a pillar. It is considered important to protect consumers, build trust, and provide a strong legal basis for culinary businesses in the midst of rapidly changing trends. But the reality on the ground is not always in line with expectations. Awareness exists, but the execution is stuck. The understanding of halal is still shallow in many circles, certification is often considered an administrative matter that can be set aside, and the management process itself still feels burdensome for MSME actors whose resources are limited. What's even more surprising is that Gen Z consumers of the supposedly critical generation often buy without asking. Interesting content on the screen moves their hands faster than information about the halalness of the product. Ultimately, this research carries a broader message than just the matter of labels on the packaging. Halal touches on social aspects, has economic weight, and holds real strategic value for the sustainability of modern culinary businesses. Theoretically, this study enriches the understanding of the halal lifestyle of Gen Z through the lens of the Theory of Planned Behavior, a framework that has been used more often in other contexts. In practical terms, the recommendations are clear and urgent: strengthen halal literacy from the roots, and simplify the certification process so that it is no longer a barrier for growing culinary MSMEs.

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