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Management Analysis Journal
Published by Universitas Negeri Semarang
ISSN : 22526552     EISSN : 25021451     DOI : https://doi.org/10.15294/maj
Core Subject : Economy,
Economics, Econometrics & Finance
Management Analysis Journal (MAJ), provides a forum for the full range of scholarly study of the language and literature.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 12 Documents
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Search results for , issue "Vol. 14 No. 1 (2025): Management Analysis Journal" : 12 Documents clear
Good Corporate Governance and Company's Financial Performance with a Perspective Agency Theory in Companies Listed in The LQ45 Index Eka Oktafia; Siti Ridloah; Mochamad Akbar
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.20099

Abstract

This study examines the impact of good corporate governance on the company's financial performance. The population in this study are companies listed in the LQ45 Index for the 2017-2021 period. This study used a purposive sampling technique and obtained 28 companies, with as many as 140 observations. The result shows that managerial ownership has no significant effect on the company’s financial performance. The variable size of the board of directors has a significant positive effect on the company's financial performance. The independent commissioner variable has no significant effect on the company's financial performance. Audit committee meeting variables and gender diversity have no significant effect on the company's financial performance. Firm size as a control variable has no significant effect on company finances, and leverage as a control variable has a significant negative effect on the company's financial performance. Further researchers are also advised to examine other factors related to good corporate governance
The Impact of User Experience on Consumer Well-Being Among Netflix Users Yesi Safita; Alfansi, Lizar
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.22223

Abstract

This study aims to explore the influence of user experience on consumer well-being on Netflix. Consumers have many options in choosing entertainment content to watch on Netflix and choose content that has a positive impact on aspects of their lives so as to achieve consumer well-being. With the growing popularity of streaming services, this study focuses on factors such as self-image fit, convenience factor, functionality factor, brand loyalty, attachment to the brand community, and frequency of use. This study uses quantitative methods with multiple linear regression analysis, data collected through online surveys from Netflix users. The results showed that self-image conformity, convenience factor, functionality factor, brand loyalty, brand community attachment have a significant influence on consumer well-being variables while current consumption variables do not have a significant influence on consumer well-being variables. Future researchers are also in addition, future researchers are also advised to examine other factors related to consumer well-being.
Investigating The Effect of Green Bonds on Firm’s Environmental Performance and Shareholder’s Wealth Asty Purbasari
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.15529

Abstract

Despite its significant growth, the effect of corporate green bonds on environmental and financial performance in Indonesia is still under-researched. This paper is designed to answer the questions of whether environmental awareness drives companies to raise capital for green projects and, more importantly, whether issuing green bonds is effective to improving the companies’ environmental and financial performance. Using desk reviews from public documents, this study examines green bonds issued by ten Indonesian companies during 2018–2023. It is found that all green bond issuers have climate targets and measures to reduce sustainability risks and that the fund proceeds are associated with climate change adaptation. However, it is unclear in which green bonds can really serve as a bridge between companies’ environmental motives to improve environmental performance. Although the link is uncertain, the study further finds financial improvements with regards to the cost of debt, return on equity, and stock return.
The Influence of Environmental Concern, Convenience, and Trust on Purchase Decision: Mediating Role of Purchase Intention Zebua, Alexander; Sijabat, Rosdiana
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.15610

Abstract

Environmental concerns and convenience in buying decisions are all significant aspects of influencing consumer purchasing decisions in the modern period. Hence, they must be addressed in fundamental marketing techniques. This Study sought to explain the direct influence of environmental concerns, convenience, trust, and purchase intention as mediating variables in the purchasing decision.  The respondents in this study are SaladStop customers in Jakarta. This study's sample size is 160 respondents, selected using a purposive sampling technique and a Likert scale questionnaire using SmartPLS. This study's limitation is the quantity of sample only 160 respondents with only customers that ever consumed the product SaladStop. The study confirms that environmental concern, convenience, and trust have a positive and significant impact on purchase intention, and purchase intention has a positive and significant as mediating effect of trust on purchase decision.
Understanding User Acceptance of Mobile Investment Applications: A Study of Pluang Through the Modified Technology Acceptance Model Rifki, Wananda Muhammad; Puspita, Niniek Fajar; Taufik, Tatang Akhmad
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.16300

Abstract

"Pluang" is a mobile investment innovation product featuring various assets such as gold, stocks, cryptocurrency, mutual funds, and indices. Initially introduced to the public in 2019, its adoption saw significant growth over the first three years. However, concerns emerged as user growth slowed down and complaints escalated due to perceived burdensome product innovations. Consequently, ensuring sustained adoption across diverse user groups necessitates immediate implementation of enhanced management strategies. This study aims to identify influential factors in adopting "Pluang," including reputation, self-efficacy, usage behavior, innovation, attitude toward use, intention to use, and ease of use using the Modified Technology Acceptance Model (M-TAM). Purposive sampling gathered responses from at least 200 users considering twice the minimum data required for variable interactions and anticipating data errors during processing. Analyzed via PLS-SEM (Partial Least Square - Structured Equation Modeling), the study revealed six significant correlations among nine hypotheses—particularly involving reputation, innovation, self-efficacy—and user attitudes toward use. These findings stress the importance of boosting application reputation, promoting continuous innovation, and optimizing training/promotional campaigns for better conversion of positive attitudes into strong usage intentions
The Effect of Instrumented Financial Literacy on Young Generation Stock Investment Decisions: Countering Endogeneity Problem Purnamasari, Shresta; Fuad, Muhammad; Sofian Maksar, Muhammad; Sudarsana, Sudarsana
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.21033

Abstract

Studies show that financial literacy significantly influences financial decisions. Most research assesses current financial literacy based on past decisions, creating an endogeneity problem that leads to biased and inconsistent parameters, as financial literacy may have developed over time. This study examines endogeneity and its effects. It uses the financial condition of the oldest sibling as an instrumental variable to address endogeneity between young people's financial literacy and their decision to join the Government's stock investment program (Program Yuk Nabung Saham) during its early adoption. The respondents are graduate students from a reputable business school in Jakarta. The Control Function method is used to estimate the effect. Findings indicate that instrumented financial literacy significantly affects young people’s stock investment decisions. Individuals with low financial literacy have a minimal probability of investing, while those with all correct financial literacy have a 91.11% probability. Enhancing understanding of this issue will lead to a better basis for decision-making, even though these findings are intended to evaluate something other than that program.
Examining MSME Business Performance in Central Java: The Role of Entrepreneurial Orientation and Innovation Strategy Jefri Heridiansyah; Ariyani Indriastuti; Wahyudi; Catur Prabowo
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.21190

Abstract

This study explains innovation strategy's role in mediating entrepreneurial orientation's effect on MSME business performance. This research was conducted in MSME in Central Java, Indonesia. This analytical study explores empirical relationships using a descriptive observational, cross-sectional, deductive, and quantitative approach, statistical software Smart PLS, and a sample of 260 respondents. The analysis results show that entrepreneurial orientation also has a significant positive effect on innovation strategy, which in turn has a significant positive effect on MSME business performance. Entrepreneurial orientation has a significant positive effect on the performance of MSMEs. Innovation strategy has a mediating factor between entrepreneurial orientation and MSME business performance.
Implementation of an Integrated Approach in Budget Planning for Resource Optimization in Organization Galuh Prabowo; Lely Ana Ferawati Ekanigsih
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.21648

Abstract

This study aims to explore the application of an integrated approach in budget planning to optimize educational resources in the Muadalah Wustho Blokagung Banyuwangi Education Unit. With this approach, the research seeks to improve the efficiency of fund allocation, stakeholder involvement, and transparency and accountability of financial management. This research uses a qualitative approach with a case study method to deeply understand budget planning and management of educational resources in the Muadalah Wustho Education Unit. Data were collected through in-depth interviews, participatory observation and document analysis to gain comprehensive perspectives from various stakeholders. Data analysis was conducted descriptively, researchers identified patterns and developed practical recommendations relevant to the optimization of budget management in this educational institution. The results of this study indicate that an integrated approach to budget planning in the Muadalah Wustho Education Unit is effective in achieving efficient, adaptive and appropriate fund management. This approach is supported by transparency, accountability, and the utilization of technology that enables real-time budget monitoring, thereby increasing stakeholder trust and supporting better quality education.
The Role of Halal in MSMEs Products Towards a Global Sharia Economy (Case Study on MSMEs in Kudus) Widya Alfi Yonita; Agung Slamet Sukardi
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.21890

Abstract

This study is a literature review that discusses the role of halal in MSME products as a step towards a global sharia economy. This study aims to analyze and provide an understanding of the role and efforts needed for halal products in MSMEs in Kudus City to achieve an international-scale sharia economy. The approach used is a qualitative descriptive method. The data collected are qualitative and consist of primary and secondary data. Data sources are taken from literature available both online and offline, such as scientific journals, books, articles from trusted sources. The results of the study indicate that the role and efforts made towards halal in MSME products in Kudus City can encourage the realization of a global sharia economy. MSMEs have an important role in supporting equitable and sustainable economic growth by implementing sharia principles such as justice and transparency to build a strong sharia economic ecosystem and provide a positive impact on community welfare.
Electronic Medical Records in Increasing User Satisfaction: Literature Review Suwarti, Sri; Enny Rachmani; Eti Rimawati
Management Analysis Journal Vol. 14 No. 1 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i1.22399

Abstract

The integration of Electronic Medical Records (EMR) into healthcare systems promises significant enhancements in service quality and patient satisfaction. This study systematically reviews literature to assess the impacts of EMR implementation on healthcare efficacy and error reduction. EMRs are pivotal in transforming medical record-keeping by digitizing patient information, thereby facilitating swift access to patient histories, diagnostic data, and treatment plans. This not only assists healthcare professionals in making accurate clinical decisions but also mitigates the risks of allergic reactions and drug duplications. Furthermore, EMRs have been instrumental in reducing the administrative burdens on healthcare providers, streamlining workflows, and decreasing the likelihood of errors, which traditionally plagued paper-based systems. By enhancing the efficiency of the healthcare process, EMRs contribute directly to improved patient outcomes and satisfaction. The review explores diverse methodologies and findings from various studies, highlighting the nuanced benefits of EMRs, including their role in enhancing communication between providers and patients. The study also considers challenges in EMR implementation, such as initial costs and the need for training. Overall, the evidence strongly supports that EMRs are a cornerstone for advancing healthcare quality and patient care experiences. This paper aims to provide a comprehensive overview of the current state of EMR utilization, offering insights for future research and implementation strategies to optimize healthcare services.

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