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Journal of Economics and Management
Published by Lembaga Publikasi Ilmiah Nusantara
ISSN : 29877407     EISSN : 29877407     DOI : https://doi.org/10.70716/ecoma.v2i2
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Journal of Economics and Management (ECOMA) is a peer-reviewed, open access, and online journal about research, reports, book reviews, and commentaries on all aspects of Economics and Management which is published by Lembaga Publikasi Ilmiah Nusantara or PUBLINE Institute. ECOMA provides open access to anyone so that the information and findings in these articles are useful for everyone. This journal article content can be accessed and downloaded for free, free of charge, following the creative commons license used. However, suppose the data in this article is used as material in article writing or anything else. In that case, you must quote and include the article author name in the item being made.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 121 Documents
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The Role of Psychological Capital in Improving Employee Performance Gustini; Mulyadi; Azuwandri; Rahmat Alhidayat; M Bima Eka Putra
Journal of Economics and Management Vol. 3 No. 3 (2025): Journal of Economics and Management, December 2025
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v3i3.817

Abstract

Psychological Capital (PsyCap) has increasingly attracted attention as an important psychological resource that can contribute to positive employee outcomes and organizational effectiveness. This study examines the role of Psychological Capital in improving employee performance. Psychological Capital is conceptualized through four core dimensions: self-efficacy, hope, optimism, and resilience, which collectively provide employees with psychological resources to cope with challenges, maintain motivation, and achieve work-related goals. This study employs a quantitative approach using a survey method. Data were collected from employees through structured questionnaires and analyzed using descriptive statistics and inferential analysis to examine the relationship between Psychological Capital and employee performance. The findings indicate that Psychological Capital plays a significant positive role in improving employee performance. Employees with higher levels of self-efficacy, hope, optimism, and resilience tend to demonstrate greater motivation, adaptability, persistence, and effectiveness in completing their tasks. These findings suggest that organizations should pay greater attention to employees' psychological resources through supportive leadership, employee development programs, training, and a positive work environment. Strengthening Psychological Capital can therefore serve as an important managerial strategy for enhancing individual performance and supporting organizational effectiveness. The study contributes to the human resource management literature by emphasizing the importance of positive psychological resources as a strategic factor in achieving sustainable employee performance.
Social Capital in the Circular Economy: Community-Based Waste Recycling Practices at Bantar Gebang Landfill Dewa Ayu Indiana Ida Loemongga Sandopart; Dewa Putu Yohanes Agata L. Sandopart
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.509

Abstract

This study explores social capital practices in the circular economy within the waste picker community at Bantar Gebang Landfill, focusing on informal credit systems and cooperation mechanisms. Employing a qualitative approach with an intrinsic case study design, the research involved 22 participants through in-depth interviews and participant observation. The findings reveal that the waste picker community has developed three patterns of informal credit systems (horizontal among waste pickers, vertical between middlemen and waste pickers, and group-based or rotating savings) with a low default rate (<10%) enforced through social sanctions. Cooperation operates in material forms (daily contributions, physical assistance) and non-material forms (price information exchange), functioning as informal social security. Social capital serves as a substitution mechanism for formal institutional failures, yet remains ambivalent, protective yet restrictive toward economic mobility. This study contributes to social capital theory in the context of the informal circular economy in developing countries.
Responsible Innovation Practices, Green Human Resource Management, and Organizational Sustainability in Indonesia’s Public Sector Yakup; Olfin Ishak; Firman Dera
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.547

Abstract

Organizational sustainability has become a strategic priority for public-sector organizations, yet empirical evidence explaining how Responsible Innovation Practices (RIP) enhance sustainability through Green Human Resource Management (GHRM) remains limited, particularly in developing countries. This study analyzes the direct and indirect associations among RIP, GHRM, and Organizational Sustainability (OS) in the Indonesian public sector. To achieve this objective, the study adopted a quantitative explanatory research design and used survey responses from 300 civil servants and managers employed by the Provincial Government of Gorontalo. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings show that Responsible Innovation Practices positively affect Green Human Resource Management and Organizational Sustainability. Furthermore, Green Human Resource Management significantly improves Organizational Sustainability while partially mediating the influence of Responsible Innovation Practices on sustainability outcomes. These findings extend Responsible Innovation Theory by demonstrating that the effectiveness of responsible innovation depends on organizational capabilities embedded in sustainability-oriented human resource practices. The study also supports Stakeholder Theory, the Ability-Motivation-Opportunity (AMO) framework, and the Natural Resource-Based View (NRBV) in explaining sustainability transformation in public-sector organizations. Practically, public institutions should integrate responsible innovation with sustainability-oriented human resource management to strengthen long-term organizational sustainability.
From Commodity to Product: A Secondary Data Analysis of Value-Added Gaps in Coconut Agribusiness in Gorontalo, Indonesia and Thailand Kalzum R Jumiyanti; Barmin R Yusuf; Deffrinica; Rais Dera Pua Rawi; Houria Ben Gharbi
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.549

Abstract

Indonesia is the world's largest coconut producer, contributing 27.5 percent of global output, yet earns lower coconut export revenues than Thailand, which produces only 1.09 percent. This paradox reflects a structural value-added gap rooted in different agribusiness orientations: Indonesia remains trapped in a copra commodity orientation, while Thailand has developed a high-value processed-product orientation. Methodologically, this study uses a comparative secondary-data analysis within the Global Value Chain (GVC) governance framework to characterize each region's value chain position, combined with the Hayami value-added method to quantify and compare value-added multipliers. The gap is operationalized as the difference in value-added multipliers and average export unit values between Gorontalo, Indonesia, and Thailand, using harmonized official data from FAO, WITS/UN Comtrade, BPS Gorontalo, and Scopus-indexed literature. Three findings emerge. First, Indonesia's average export price (USD 318 per tonne) is less than half of Thailand's (USD 694); the value-added multiplier for copra in Gorontalo ranges from 4 to 10 times, while processed products reach up to 35 times. Second, Gorontalo operates under market-type governance with farmers as price-takers, whereas Thailand has advanced towards modular-relational governance through integrated processing and export clusters. Third, the volatility of the Farmer Terms of Trade for Plantation Smallholders (NTPR), fluctuating between 142.40 and 158.98 within a single year, evidences structural dependence on global commodity price cycles. This study offers the first explicitly comparative, secondary-data value-added gap analysis between an Indonesian coconut region and Thailand, with policy implications for subnational commodity-to-product transformation.
From Platform Adoption to Business Performance: Purchase Intention as a Mediating Mechanism among Mbizmarket-Based MSMEs Ramlan A. Isa; Diajeng Reztrianti; Annisa Retno Utami; Andi Juanna
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.699

Abstract

This study examines the effect of Mbizmarket use on MSME business performance in Gorontalo Province, with purchase intention as a mediating variable. The topic is important because MSMEs remain a major pillar of regional economic development, yet their participation in digital procurement platforms remains limited. Although Gorontalo has more than 105,000 MSMEs, only 575 business actors were registered as Mbizmarket providers, indicating a low adoption rate. This condition highlights the need to understand whether B2B/B2G e-procurement platforms can improve MSME performance through MSME users' intention to conduct business-related purchases. This study used a quantitative explanatory design and surveyed 85 MSME actors who had used Mbizmarket. Data were collected through a structured questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Mbizmarket use positively affects business performance (β = 0.330, p < 0.001) and purchase intention (β = 0.526, p < 0.001). Purchase intention also positively affects business performance (β = 0.499, p < 0.001) and significantly mediates the relationship between Mbizmarket use and MSME performance (β = 0.262, p < 0.001). These findings indicate that digital platform use contributes to MSME performance not only through operational benefits but also through transaction intention. The study applies a TAM-informed perspective to digital platform use in a B2B/B2G e-procurement context. It offers practical implications for MSMEs, local governments, and platform managers to strengthen digital procurement participation and regional MSME competitiveness.
Strategies to Improve Indonesia's Bank Services Brand Credibility in Digital Era Fahiem Fanani; Sofyan Sugianto Martalegowo; Andri Gunawan; Anita Maharani
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.737

Abstract

A business issue closely related to banking is data security, which may influence how customers and the public view a bank's credibility. In this regard, this study examines the extent to which brand credibility is influenced by factors believed to enhance its value. Therefore, this research aimed to examine the role of the magnitude of service failures and the quality of complaint handling in the Indonesian banking sector in maintaining brand credibility. This study draws on several concepts used to develop research hypotheses and serves as the foundation for analyzing the dynamics considered relevant to the phenomenon under examination. The research methods applied in this study include a quantitative approach, using several measurement tools adapted from previous studies, and data collection was conducted over time, yielding 260 respondent data points. The data obtained were analyzed using a multivariate approach, leading to the following conclusion: the quality of complaint handling through interaction and empathy demonstrated by frontline staff can be the most dominant driver of increased brand credibility. The managerial implication of this study is that banks need to prioritize efforts to reshape customer perceptions of satisfaction regarding follow-up actions taken to address service failures and improve the quality of complaint handling.
From Experience to Advocacy: A Destination Marketing Strategy for Building Coastal Tourism Loyalty Through Experiential Value and Affective Involvement Joko; Derry Nugraha
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.742

Abstract

This study examines how experiential value iconization and affective involvement shape destination loyalty in coastal tourism contexts. Using structural equation modeling with data from 480 domestic tourists visiting Pangandaran, Karanghawu, and Ujung Genteng in West Java, Indonesia, the research develops and validates an integrated model incorporating destination peripheral attributes and tourism motivation as antecedents. Results confirm that destination peripheral attributes (β = 0.623, p < 0.001) and tourism motivation (β = 0.654, p < 0.001) significantly influence experiential value iconization. Experiential value iconization (β = 0.258, p < 0.001) and affective involvement (β = 0.478, p < 0.001) also have significant direct effects on destination loyalty. Because destination peripheral attributes and tourism motivation have no hypothesized direct path to destination loyalty, mediation analysis confirms that experiential value iconization and affective involvement fully mediate the relationships between these antecedent variables and loyalty outcomes. The final structural model explains 91.1% of the variance in destination loyalty, reflecting substantial explanatory power. These findings suggest that emotional attachment and experiential value creation are more critical than peripheral destination attributes in fostering tourist loyalty. The study contributes to destination marketing theory by identifying affective involvement as a comparatively stronger predictor of loyalty formation within this model, offering practical implications for coastal destination management.
Community Participation, Destination Quality, and Authenticity: Determinants of Tourist Satisfaction in Community-Based Tourism Villages Lejja Heriani; Andy Mulyana; Teguh Prakoso; Syarif Fadillah; Retnaningtyas Susanti
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.743

Abstract

Community-based tourism (CBT) villages increasingly depend on tourist satisfaction as a sustainability indicator, yet few studies test community participation, destination quality, and perceived authenticity together, leaving authenticity's role as a direct predictor versus a moderator of the participation-satisfaction link unresolved. This study addresses that gap through a cross-sectional survey of 275 tourists at a CBT village, analyzed via Partial Least Squares Structural Equation Modeling with a two-stage interaction approach and bootstrapping (2,000 resamples). All constructs met reflective validity and reliability criteria, and the model showed adequate fit (SRMR = 0.050). Community participation (β = 0.297, p < 0.001) and destination quality (β = 0.380, p < 0.001) significantly predicted tourist satisfaction (R² = 0.395), with destination quality the strongest predictor. Perceived authenticity also significantly predicted satisfaction (β = 0.126, p = 0.027) but did not moderate the participation-satisfaction relationship (β = 0.065, p = 0.111). The model showed adequate predictive relevance (Q² = 0.270) with no serious common method bias. A multi-group analysis revealed that authenticity significantly predicted satisfaction among repeat visitors (β = 0.240). However, it did not predict satisfaction among first-time visitors (β = 0.016), suggesting visit frequency, rather than community participation, may be the more relevant boundary condition for authenticity's effect. These results indicate that perceived authenticity functions as a direct antecedent rather than a moderator in CBT settings; destination managers should therefore prioritize destination quality and community participation as primary levers for tourist satisfaction, treating authenticity enhancement as a complementary strategy tailored to visitors' experience level.
The Economics of Social Capital: Cultural Practices, Nationalism, Tolerance, and Household Helping Behavior in Aceh Affandi; Helmi Noviar; Aglis Andhita Hatmawan; Sofyana; Intan Oktaviana
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.786

Abstract

Mutual assistance among households is one area that reflects the critical need for social capital in society—such as trust, shared norms, and collective memory manifested in the form of assistance that others can tangibly experience. From an economic perspective, this mutual assistance functions as a crucial informal safety net, reducing transaction costs and mitigating economic vulnerabilities. This study examines these dynamics by estimating the relationship between cultural practices, nationalism, and social tolerance using a measure of helping behavior among households in Aceh, Indonesia. This analysis uses a logistic regression model with household-level microdata from the 2021 and 2024 SUSENAS conducted by BPS, which included 2,903 and 2,914 observations. The results show that in 2021, cultural practices and nationalism were positively correlated with mutual aid behavior, while tolerance was not statistically significant. In 2024, the relationship between cultural practices and nationalism remained robustly positive, while tolerance showed a negative relationship. In 2024, the relationship between cultural practices and nationalism remained robustly positive, while tolerance showed a negative relationship. A key implication of mutual aid is that it reflects active community support. These findings encourage the public and the government to strengthen social cohesion by facilitating helping behavior within communities. This can be achieved if social activities address issues of social cohesion and promote local wisdom, nationalism, and tolerance to achieve inclusive community development.
Quiet Quitting Study: Job Satisfaction as an Intervening Variable in Hospitality Employees with Workload and Leadership as Predictors Mengku Marhendi; Andhi Supriyadi; Enik Rahayu
Journal of Economics and Management Vol. 4 No. 3 (2026): Journal of Economics and Management, September 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i3.610

Abstract

The hospitality sector faces a serious dilemma as silent resigning becomes more common, especially when it comes to maintaining employee engagement and organisational efficacy. Although workload, leadership, and job happiness have all been studied separately in the past, there are still few empirical studies that look at how job satisfaction mediates the relationship between workload, leadership, and silent quitting in the context of hospitality. In addition to examining whether job satisfaction mediates these associations among staff of five-star hotels in Semarang, Indonesia, this study aims to investigate the direct impacts of workload and leadership on job satisfaction and quiet quitting. 125 hotel workers participated in the study, which used a quantitative explanatory design. After the validity and reliability of the instruments were evaluated, data were collected using structured questionnaires and analysed using multiple linear regression and path analysis using SPSS. The findings show that while silent resignation increases, workload dramatically lowers job satisfaction. On the other hand, leadership considerably raises job satisfaction and lowers silent resignation. The impacts of workload and leadership on quiet quitting are partially mediated by job satisfaction, which has a strong negative correlation with quiet quitting. This study's primary contribution is the inclusion of job satisfaction as a mediating mechanism that explains how management and organisational factors influence quiet resignation in the hotel industry. The results indicate that in order to increase employee happiness and reduce silent resignation, hotel management should place a high priority on efficient leadership techniques and fair workload distribution

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