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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 106 Documents
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The Influence of Intellectual Capital, Growth Opportunity, and Profitability on Firm Value: Evidence from Telecommunications Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX) During 2020–2024 Syaira Aprilia; Leny Suzan
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.598

Abstract

This study examines the influence of intellectual capital, growth opportunity, and profitability on firm value among telecommunications sub-sector companies listed on the Indonesia Stock Exchange over the 2020–2024 period. The research adopts a quantitative approach with a descriptive orientation, drawing on secondary data sourced from audited financial statements. Sample selection was carried out through purposive sampling, and hypotheses were tested using panel data regression analysis processed via EViews software. Firm value was operationalized using Tobin's Q, intellectual capital was measured through the Value Added Intellectual Coefficient (VAIC™), growth opportunity was proxied by asset growth, and profitability was assessed using Return on Assets (ROA). Partially,   no significant effect, while growth opportunity has a significant negative effect, suggesting investors are concerned about investment risk and financing burdens associated with growth. Companies are encouraged to improve resource management efficiency and profitability to strengthen investor confidence and firm value.
The Role of eWOM Credibility, Valence, Brand Attitude, and Perceived Brand Quality through Online Engagement Intention Hartono; Nur Fitri Rahmawati; Anita Maulina; Diana Prihadini; Supriyono
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.600

Abstract

This study examines the mechanism linking electronic word-of-mouth (eWOM) and online purchase intention through online engagement intention in the Indonesian digital commerce context. The model integrates the Theory of Planned Behavior, the Elaboration Likelihood Model, and the Brand Equity Theory to explain how informational and evaluative factors shape behavioral outcomes. Data were collected from 304 online consumers with prior experience in reading online reviews and conducting online purchases. Analysis employed Partial Least Squares–Structural Equation Modeling. The results indicate that eWOM credibility has a positive and significant effect on online engagement intention. eWOM valence shows a negative, significant effect, indicating increased consumer skepticism toward directional tone. Brand attitude and perceived brand quality have positive, significant effects on engagement intention. Online engagement intention strongly influences online purchase intention and acts as a full mediating mechanism between all antecedent variables and purchase intention. The model explains 66.6% of the variance in engagement intention and 61.1% of the variance in purchase intention, indicating substantial explanatory power. These findings confirm that engagement represents a critical behavioral activation stage that transforms perception into intention. The study provides empirical evidence that credibility dominates informational influence, while evaluative constructs stabilize consumer behavior under uncertainty. The research addresses a gap in digital environments through a structured mediation mechanism. The findings highlight the importance of trust formation and evaluative consolidation in consumer behavior in emerging digital markets.
The Moderating Role of BAZNAS Policy in the Relationship Between Service Quality, Attitude Toward Wealth, and the Intention to Pay Zakat in Indonesia Yusrizal; Muh Zilal Hamzah; Hilman Latief; Natris Idriyani; Sutarman
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.612

Abstract

Zakat represents a cornerstone of Islamic socio-economic justice, functioning both as a religious obligation and a public instrument for redistributing wealth. Despite Indonesia's status as the world's most populous Muslim-majority nation, the country faces a persistent gap between its zakat potential and actual zakat collection. This paper investigates the determinants of zakat intention, specifically service quality and attitude toward wealth, while introducing BAZNAS policy as a moderating variable. The study is grounded in the Theory of Planned Behavior (TPB) and public policy argumentation theory, and uses a quantitative approach involving 800 muzakki respondents. SmartPLS 4 was used to analyze relationships among constructs and test moderation effects. The results show that both service quality and attitude toward wealth have significant positive effects on the intention to pay zakat. More importantly, the presence of strong BAZNAS policy moderates and strengthens these effects. The implication is that internal motivations do not solely drive religious behavior but are also shaped by institutional environments. This paper makes theoretical contributions by extending TPB with an institutional moderation dimension and practical contributions by offering a framework for refining zakat policy. The study highlights the need for policymakers to enhance service standards and design zakat policies that build public trust and engagement.
Employee Engagement, Work-Life Balance, and Innovative Performance among Public and Private Employees in Central Jakarta Mamik Setiyorini; Eeng Ahman; Ade Sobandi; Rofi Rofaida
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.626

Abstract

Indonesia's ranking in the Global Innovation Index declined from 54th in 2024 to 55th in 2025, highlighting the need to examine innovative performance at the individual level. This study analyzes the effect of employee engagement on innovative performance and evaluates work-life balance as a moderating variable among Generation Y and Generation Z employees in government and private sectors in Central Jakarta. A quantitative explanatory survey approach was used. The questionnaire consisted of 27 measurement items; the minimum sample requirement was 135 respondents, and 139 completed responses were analyzed using SmartPLS 4. The validity test produced AVE values of 0.666 for employee engagement, 0.685 for innovative performance, and 0.731 for work-life balance. Cronbach's Alpha values were 0.936, 0.942, and 0.953, respectively. Hypothesis testing showed that employee engagement significantly affected innovative performance (O = 0.831; T = 9.860; P = 0.000), while work-life balance significantly moderated that influence with a negative interaction coefficient (O = -0.133; T = 3.173; P = 0.002). The negative coefficient indicates that work-life balance attenuates, rather than strengthens, the engagement-innovative performance relationship. The findings suggest that organizations should enhance engagement while designing work-life balance practices that help younger-generation employees allocate energy sustainably for innovation.
Determinants of Mobile Banking Usage Decisions: The Moderating Role of Gender and Their Effects on Customer Satisfaction among HIMBARA Bank Customers in East Java Endie Rianto; Slamet Riyadi; Sri Utami Ady
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.642

Abstract

The rapid expansion of digital banking services has heightened the importance of understanding factors that influence mobile banking adoption and customer satisfaction. This study examines the effects of technology, knowledge, trust, security, ease of use, fast service, and perceived risk on mobile banking usage decisions and customer satisfaction among HIMBARA bank customers in East Java. The study also investigates the mediating role of usage decisions and the moderating role of gender. A quantitative survey approach was employed with 370 mobile banking users from Bank Mandiri, BRI, BNI, and BTN. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that technology, trust, security, ease of use, and fast service positively and significantly affect mobile banking usage decisions, while perceived risk has a significant negative effect. Knowledge does not significantly influence usage decisions. Customer satisfaction is significantly influenced by technology, knowledge, ease of use, and usage decisions. Furthermore, usage decisions mediate the relationships between technology, trust, security, ease of use, fast service, perceived risk, and customer satisfaction. No mediation effect is found between knowledge and customer satisfaction. The findings also reveal that gender does not moderate the relationship between usage decisions and customer satisfaction. This study contributes to the mobile banking literature by integrating the Theory of Buyer Behavior, Technology Acceptance Model, and Theory of Planned Behavior into a comprehensive framework. The findings offer actionable insights for banks in developing customer-oriented mobile banking strategies.
Digital Human Resource Management Practices in Enhancing Educational Staff Performance Muhamad Ridwan; Sonya Sidjabat; Pipit Sundari; Nurhayati
Journal of Economics and Management Vol. 4 No. 2 (2026): Journal of Economics and Management, June 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i2.426

Abstract

The increasing integration of digital technology in organizational management has encouraged educational institutions to adopt Digital Human Resource Management (DHRM) practices to improve workforce performance. However, prior studies have predominantly focused on the corporate sector, with limited attention to the implementation of DHRM in educational settings and its impact on educational staff performance. Moreover, the research gap lies in the lack of explicit examination of organizational and individual factors influencing DHRM effectiveness. This study aims to analyze the contribution of DHRM practices to enhancing educational staff performance and to identify key supporting factors. This research employed a qualitative case study approach at an educational institution, with participants selected through purposive sampling. Data were collected through in-depth interviews, observations, and document analysis. The findings reveal that digital HR practices, including digital recruitment, online training, human resource information systems, and digital performance monitoring, improve administrative efficiency, strengthen competencies, and enhance transparency. The study also finds that staff digital literacy and accountability have increased. This study contributes by providing empirical evidence in the educational context and highlighting factors influencing DHRM success. It concludes that effective implementation requires organizational readiness, leadership support, and continuous professional development.
Optimization of Social Capital in Financial Management and Education Quality of YPKT Christian Schools Isak Pasulu; Mey Enggane Limbongan; Astriwati Biringkanae
Journal of Economics and Management Vol. 4 No. 2 (2026): Journal of Economics and Management, June 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i2.435

Abstract

This research investigates the strategic role of social capital in enhancing educational quality in faith-based institutions, specifically the YPKT school network. Amid increasing financial volatility in private schools, this study proposes a structural model integrating social capital, financial management, and stakeholder collaboration. Employing a mixed-methods approach, the research initially used qualitative inquiry (FGDs and interviews) to identify indigenous values, such as Sipamanda, followed by quantitative validation using Partial Least Squares Structural Equation Modeling (PLS-SEM) with 155 managerial-level respondents. The empirical results demonstrate that optimized social capital significantly predicts educational quality, both directly and through the mediating pathways of transparent financial management and robust stakeholder synergy. The model explains 61.2% of the variance in quality outcomes, highlighting that social trust effectively reduces agency costs and mobilizes community-led endowment funds. These findings suggest that for religious-based foundations, institutionalizing social networks into formal managerial frameworks is a prerequisite for achieving long-term fiscal resilience and pedagogical excellence. The study provides a strategic roadmap for school administrators to transform intangible communal assets into tangible institutional outcomes.
The Influence of Digital Marketing and After Sales Service in Online Shopping Towards Purchasing Decisions Luluk Nur Azizah; Muhamad Imam Syairozi
Journal of Economics and Management Vol. 4 No. 2 (2026): Journal of Economics and Management, June 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i2.436

Abstract

The rapid development of technology has strongly shaped human lifestyles, particularly in online shopping behavior. In response, businesses increasingly depend on digital marketing and after-sales service to attract customers and maintain satisfaction in a highly competitive digital environment. Nevertheless, many previous studies have examined these two factors separately, and only a limited number have explored how both jointly influence consumers' purchasing decisions in online shopping contexts. This research therefore investigates the effects of digital marketing and after-sales service on purchasing decisions in online shopping among consumers in Lamongan District, Indonesia. A quantitative method was applied using purposive sampling, involving 130 respondents who met the criteria of residing in Lamongan District, having made at least one online purchase within the last six months, and having experienced digital marketing promotions and after-sales services during the purchasing process. Data were analyzed using the Partial Least Squares–Structural Equation Modeling (PLS-SEM) approach with SmartPLS 3.0. The findings indicate that both digital marketing and after-sales service have a positive and statistically significant effect on purchasing decisions. After-sales service exerts a stronger influence, positioning it as the dominant predictor. These results suggest that online businesses should not only prioritize marketing strategies but also strengthen their after-sales service systems to build customer trust, enhance satisfaction, and encourage purchasing decisions. Strong after-sales service can serve as a key competitive advantage in fostering long-term customer relationships and ensuring business sustainability.
Optimization of Container Dwell Time at Tanjung Perak Port, Indonesia: Container Flow Approach Aditya Subur Purwana; Muhammad Anshar Syamsuddin; Ilham Majid
Journal of Economics and Management Vol. 4 No. 2 (2026): Journal of Economics and Management, June 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i2.444

Abstract

Dwell Time (DT) is the waiting period required for an imported container, measured from the time the container is unloaded from a ship until it leaves the port area. Tanjung Perak Port, Indonesia's second-largest logistics hub, recorded a DT of 3.36 days in July 2025, exceeding the national target of 2.87 days. In July 2025, Tanjung Perak Port handled 53,446 import containers, representing 20.98% of the total import containers entering Indonesia's five main ports. This study aims to determine the optimal DT point at Tanjung Perak Port using quantitative econometric methods, specifically quadratic models and optimization. The study uses secondary data from January to September 2025, comprising 397,485 containers, which were analyzed using Stata 19 and Excel Solver. The results indicate that the minimum optimal DT at Tanjung Perak Port is 2.48 days. The time components consist of 1.24 days from stacking to job order (X1), 0.96 days from job order to gate-in (X2), and 0.28 days from truck gate-in to gate-out (X3). These findings suggest that the DT at Tanjung Perak Port can be further optimized to reach its minimum level. This study uses container flow as a proxy for goods movement; therefore, future research may incorporate both goods and document flows to provide a more comprehensive analysis.
Career Decision-Making Self-Efficacy and Career Preparation Behavior: Evidence from Final-Year Undergraduate Students Patricia Bena Kristianto; Missiliana Riasnugrahani
Journal of Economics and Management Vol. 4 No. 2 (2026): Journal of Economics and Management, June 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i2.445

Abstract

Career preparation has become a critical developmental task for final-year undergraduate students, particularly as they transition from higher education to the labor market. However, many students face difficulties in preparing for their careers effectively. In this context, Career Decision-Making Self-Efficacy (CDMSE) is considered a key psychological resource that may influence students’ Career Preparation Behavior (CPB). This study aims to examine the role of Career Decision-Making Self-Efficacy in predicting Career Preparation Behavior among final-year undergraduate students. A quantitative approach was employed with a sample of 394 final-year undergraduate students from various universities in Bandung City. Data were collected using the Indonesian versions of the CDMSE-Ind and CPB questionnaires. Participants were recruited through non-probability snowball sampling. Data analysis was conducted using logistic regression to assess the effect of CDMSE on CPB. The findings reveal that Career Decision-Making Self-Efficacy has a significant positive effect on Career Preparation Behavior. Students with higher levels of CDMSE tend to engage more actively in behaviors that support career readiness. This study highlights the importance of self-efficacy in career decision-making as a determinant of career preparation among undergraduate students. This study contributes to the literature by examining a culturally adapted model of CDMSE within Indonesian collectivist context. The findings suggest that higher education institutions should develop structured and targeted career development programs to enhance students’ self-efficacy and support their transition into the workforce.

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