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Journal of Sustainable Economic and Business
Published by ARE Publisher
ISSN : -     EISSN : 30630207     DOI : 10.xxxxxx/joseb
Core Subject : Economy, Science, Education, Agriculture, Social,
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences
Journal of Sustainable Economic and Business (JOSEB) is a double-blind review journal focused on empirical research that provides novelty of the research with the latest issues and contributions to the scientific research. The scope of the journal will focus on Strategic Management (Strategic Marketing, Strategic Human Resources, Strategic Finances, Strategic Operations) and Green Management (Green Marketing, Green Finance, Green Human Resources, Green Operations)
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 42 Documents
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The Effect of Inflation and Profitability on Stock Returns in LQ45 Firms Registered on the Indonesian Stock Market Rizqullah, Isti'anah; Rizki, Muhammad Irfan
Journal of Sustainable Economic and Business Vol. 2 No. 1 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i1.72

Abstract

Objectives: This research intends to investigate how inflation and profitability influence the stock returns of firms listed in the LQ45 index on the Indonesia Stock Exchange (IDX). Methodology: This research employs a regression technique based on panel data utilizing the Common Effect Model (CEM) method. The information analyzed consists of secondary data obtained from 25 LQ45 firms spanning the years 2017 to 2021. To confirm the integrity of the regression model, classical assumption evaluations, including tests for multicollinearity, autocorrelation, and heteroscedasticity, were performed. Findings: The results of the analysis show that neither inflation nor profitability have a significant effect on stock returns in LQ45 companies. Although inflation has a positive coefficient, this relationship is not statistically significant. Meanwhile, profitability shows a negative relationship to stock returns, but is also not significant. This suggests that other factors outside of inflation and profitability are likely to play a greater role in determining stock returns in the Indonesian capital market. Conclusion: This study indicates that investors cannot fully rely on inflation and profitability variables as determinants of stock returns in LQ45 companies. Other factors, such as macroeconomic conditions, industry performance, and market expectations, are likely to have a greater influence in determining stock returns on the IDX.
The Influence of Fear of Missing Out as the Mediating Variable against Purchase Decision Permana, Dudi; Abiyyah, Hana Natania; Hokroh, Mohammed
Journal of Sustainable Economic and Business Vol. 2 No. 1 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i1.85

Abstract

Objectives: This research aims to analyze the effects of Perceived Scarcity and Social Anxiety on Purchase Decision with FoMO as a mediation variable in the context of McDonald’s limited-edition products.Methodology: A sample of 105 consumers who had purchased these products was used for the study, with data collected through questionnaires. The analysis was carried out using statistical techniques like SEM-PLS.Findings: The results show no mediation. No mediation assumes that the independent variable does not have a mediator effect or intermediary variable on the interaction between the independent variable and the dependent variable. So in this study, the FoMO variable does not mediate the relationship between variables X and Y which is indicated by the results being rejected or not significant.Conclusion: The results in this study indicate that (1) FoMO (Fear of Missing Out) has a negative and insignificant effect on Purchase Decision, (2) Perceived Scarcity has a positive and significant effect on FoMO (Fear of Missing Out), (3) Perceived Scarcity has a positive and significant effect on Purchase Decision, (4) Social has a positive and significant effect on FoMO (Fear of Missing Out, (5) Social Anxiety has a positive and significant effect on Purchase Decision, (6) FoMO (Fear of Missing Out) has a negative and insignificant effect in mediating the influence of Perceived Scarcity on Purchase Decision, (7) FoMO (Fear of Missing Out) has a negative and insignificant effect in mediating the influence of Social Anxiety on Purchase Decision.
The Influence of Compensation, Workload against Turnover with Satisfaction as the Mediating Variable Helena, Helena; Widigdo, Aslam Mei Nur
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.37

Abstract

Objectives:This study aims to analyze the effect of compensation and workload on Turnover with job satisfaction as a mediating variable at XYZ Bank. Methodology:The population in this study consists of 63 respondents who are permanent employees at XYZ Bank. The method used in this research is Structural Model-Partial Least Square (SEM-PLS) data analysis. The study found a significant negative effect of compensation on turnover. Finding: A significant positive effect of compensation on job satisfaction was also found. A significant negative effect of workload on turnover was found. A significant positive effect of workload on job satisfaction was found. A not significant negative effect of job satisfaction. There is a significant negative influence of compensation and workload on turnover through the job satisfaction variable. Conclusion: The conclusion obtained from this study the company can provide compensation that is aligned with employment agreements, years of service, work experience, and applicable regulations, a balance between the workload assigned to employees and their individual abilities, increase compensation in line with the intensity of the work, years of service, and work experience and enhance job satisfaction in terms of compensation and a balanced workload.  
Analysis of Roof Tile Defective Products Using the Seven Tools Method in PT. XYZ Ihsan, Ikhwanul; Sugiyono, Sugiyono
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.52

Abstract

Objectives: This study aims to analyze and reduce the number of defective products produced by PT XYZ which is 3% per month. This research uses a quantitative descriptive method as a method used to find the root causes. The purpose of this study is to determine the number of defective products that occur, the factors that cause them, and provide recommendations for improvement to improve the quality of roof tile products. Methodology: This research uses the Seven Tools method which includes check sheets, histograms, control charts, pareto diagrams, and fishbone diagrams to identify and analyze the causes of defective roof tile products. Findings: Check sheets help in the collection and analysis of defect data. Stratification shows that the most common defect is Face Crack, which accounts for 39.01% of the total defects. Conclusion: The pareto diagram shows that Face Crack and Lap Fault are the two most dominant types of defects. The histogram shows that the total product defects are 113,138 for the Face Crack category. The control map shows that the dominant product defects are outside the control limits, indicating the need for improvements to the production process. The fishbone diagram identifies the factors affecting product defects are human, machine, environment, and material.  
Conceptualizing of Green Products on Sustainability Green Repurchase Intention Beauty Products in The Premium Market Harisnanda, Adriatik; Djumarno, Djumarno
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.54

Abstract

Objectives: This research aims to analyze the influence of Environmental Concern, Green Trust, Green Price on Sustainability Green Repurchase Intention moderated by Social on L'occitane Products in JABODETABEK - Indonesia. Methodology: The data collection technique is in the form of a questionnaire using an ordinal scale. This research was conducted on 200 L'occitane product users using a quantitative descriptive approach and hypothesis testing. The sampling technique uses random sampling techniques, with data analysis using the Structural Equation Method (Partial least square). Finding: An interesting finding from this research is that Green Price has no effect on Sustainability Green Repurchase Intention among consumers of L'occitane Products in Indonesia, meaning that the level of high or low product prices does not influence high or low sustainability green repurchase intention. Consumers don't mind this, in their minds, green products are imprinted in the minds of L'occitane product users in JABODETABEK - Indonesia. Conclusion: The research results show that Environment Concern has a significant positive effect on Sustainability Green Repurchase Intention, Green Positioning has a significant positive effect on Sustainability Green Repurchase Intention, Green Trust has a significant positive effect on Sustainability Green Repurchase Intention, Social Influence is able to moderate all influences of Green Trust on Sustainability Green Repurchase Intention
The Effect of Perceived Service Quality and Corporate Social Responsibility against Consumer Loyalty Aldino, Aldino; Hanafiah, Ali
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.57

Abstract

Objectives: JNE is one of the dominant shipping service companies in Mataram, West Nusa Tenggara, facing challenges due to a decline in sales targets. Therefore, the research aims to determine how impact Perceived Service Quality, Corporate Social Responsibility (CSR), and Customer Satisfaction with Customer Loyalty to JNE in Mataram, West Nusa Tenggara. Methodology: The research design used in this study is quantitative research, with data collection method using survey method. and research instrument in the form of questionnaires share with respondents online is designed with specific criteria and weighted values based on a Likert scale. The research method employed is causal analysis. The sample consists of 133 respondents selected through purposive sampling. The data analysis model used is Partial Least Squares (PLS), and analysis technique applied is descriptive. Finding: The research findings indicate that Perceived Service Quality, CSR, and Customer Satisfaction had a positive and significant influence on Customer Loyalty. Conclusion: The indirect effect analysis reveals that Customer Satisfaction acts as a mediator in the relationship between Perceived Service Quality and Customer Loyalty, as well as between CSR and Customer Loyalty.  
Process Quality Control of Eyeglass Lens Production to Reduce Particle Using Six Sigma and DMAIC Wanto, Indra; Marlapa, Eri
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.64

Abstract

Objectives: The aim of this research is to examine and maintaining the high product quality while optimizing resource efficiency is a critical challenge in today’s competitive global market. PT XYZ, a leading ophthalmic lens manufacturer, struggles with particle defects, particularly in the UV coating process, which contributes to 80% of total production defects. Methodology: To address this issue, the study applies the Six Sigma methodology using the DMAIC framework to identify root causes, reduce defects, and improve production efficiency. This research adopts a quantitative approach with comparative and descriptive methods. Data collection methods include direct observation, focus group discussions, interviews, and historical data analysis. Findings: The initial analysis identified several defect sources, including environmental factors, improper process handling, and machine performance issues. Improvement actions, such as installing an antistatic blower and optimizing pre-cleaning processes, successfully reduced the defect rate from 12% to 4.7%. The Defects Per Million Opportunities (DPMO) dropped from 112,801 to 46,782, while the Sigma level improved from 2.71 to 3.18. Conclusion: This study conclude that implementing Six Sigma and DMAIC methodologies effectively enhances quality control in ophthalmic lens manufacturing. These improvements strengthen PT XYZ’s long-term competitiveness while supporting sustainable manufacturing practices aligned with SDG 9 (Industry, Innovation, and Infrastructure) and SDG 12 (Responsible Consumption and Production).  
The Influence of Green Knowledge and Concern on Purchase Intention for Eco-Friendly Bottles Mediated by Trust Ranumi; Permana, Dudi
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.66

Abstract

Objectives: The research analyzes the influence of Green Knowledge and Environmental Concern on green purchase intention and mediates the above-mentioned factors through Green Trust regarding eco-friendly bottles. Methodology: The participants in the study were consumers using or interested in eco-friendly drinking bottles. The sample for this study comprised 125 respondents. The sampling technique employed was non-probability sampling; the sampling method was purposive sampling. Quantitative approach method was implied. Otherwise, techniques for the collection of data in this study were questioned by questionnaires administered via Google Forms as a primary source of data. The employed statistical analysis was SEM PLS 4.0 for analysis of data. Conclusion: Findings have established that Green Knowledge has a positive and significant effect on Green Trust and Green Purchase Intention. Environmental Concern was found to have a positive and significant effect on Green Trust and Green Purchase Intention. Findings further suggest that Green Trust has a positive and significant effect on Green Purchase Intention. Findings show that Green Trust also mediates between Green Knowledge and Environmental Concern, exerting positive and significant effects on Green Purchase Intention. Keywords: Green Knowledge, Environmental Concern, Green Trust, Green Purchase Intention  
Optimizing Digital Technology and Innovation for SME Sustainability in the Digitalization Era: Lessons from Indonesia Sulistyanto, Tri Hadi; Cahya, Willy Adi; Ismail, Asep Gopar; Idawati, Rd Nurvitasari
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.75

Abstract

Objectives: The goal of this paper is to explore lessons from existing literature on how technology and innovation can be used to help SMEs succeed in the digital age. By focusing on real-life experiences and practices from Indonesia, it aims to offer valuable insights that can guide the growth of more competitive and sustainable small businesses in an ever-changing global environment. Methodology: The method used in this research is a literature review of publications from 2020 to 2024 related to SMEs, sustainability, technology, and innovation, using the keywords SMEs, sustainability, technology, and innovation. The literature search was conducted using the Crossref, Google Scholar, Web of Science, and Scopus databases. The collected literature is then mapped using Visualization of Similarity Viewer online software. Finding: SMEs research in Indonesia increasingly focuses on external impacts and digital transformation strategies. Policies supporting sustainability, access to training, technology, and innovation are important for enhancing SMEs competitiveness. The strong link between technology, innovation, and digitalization confirms that optimizing digital technology helps SMEs survive and grow. Insights from Indonesia highlight the importance of digital transformation, training, policy implementation, and an innovation-driven ecosystem. Conclusion: Research on SMEs in Indonesia has been growing with a more specific focus on the impact of external factors and digital transformation strategies. The strong connection between technology, innovation, and digitalization can enhance SMEs’ competitiveness at both national and global levels.
Marketing Mix Analysis in Bang Al Fried Chicken Sales Yunengsih, Neng; Rizki, Muhammad Irfan
Journal of Sustainable Economic and Business Vol. 2 No. 2 (2025): Journal of Sustainable Economic and Business (JOSEB)
Publisher : ARE Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/joseb.v2i2.78

Abstract

Objectives: This study aims to analyze the marketing strategies implemented by Fried Chicken Bang Al, a street food producer of ready-to-eat fried chicken. Specifically, it examines the application of the marketing mix (product, price, place, and promotion) in influencing sales performance. Methodology: The research employs a qualitative descriptive approach, utilizing Philip Kotler's marketing mix theory. Data credibility is ensured through triangulation, and the analysis follows an interactive process involving data collection, data reduction, data presentation, and conclusion drawing. Findings: The study reveals that Fried Chicken Bang Al has not fully optimized its marketing mix strategy. Weaknesses are identified in advertising, promotion, and location. While the location is relatively strategic, it lacks dine-in facilities. However, pricing is a strong point, as the affordability of Fried Chicken Bang Al makes it competitive in the market. Conclusion: The marketing mix plays a positive role in maintaining sales stability. To enhance consumer interest and increase sales, Fried Chicken Bang Al should further develop its marketing strategy, particularly in terms of location and promotional activities.  

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