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INDONESIA
Journal of Economics, Management, Accounting and Computer Applications
ISSN : -     EISSN : 30481872     DOI : https://doi.org/10.69693/jemaca
Journal of Economics, Management, Accounting and Computer Applications (JEMACA) is published by the Institute Of Advanced Knowledge and Science in helping academics, researchers, and practitioners to disseminate their research results. JEMACA is a blind peer-reviewed journal dedicated to publishing quality research results in the fields of economics, management, accounting and computer science. All publications in the JEMACA Journal are open access which allows articles to be available online for free without any subscription. JEMACA is a national journal with e-ISSN: 3048-1872, and is have fee of charge in the submission process and review process. Journal of Engineering and Science Application publishes articles periodically twice a year, in Juni and Desember. JEMACA uses Turnitin plagiarism checks, Mendeley for reference management and supported by Crossref (DOI) for identification of scientific paper.
Articles 21 Documents
The Role of Leadership Styles in Employee Engagement and Retention Nurjanah, Iva; Octafian, Ray
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 1 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i1.19

Abstract

The purpose of this study is to explore the influence of leadership styles on engagement and retention within an organization, using a case study of the Glawan Village Government, Pabelan Subdistrict, Semarang Regency. Employing a qualitative research approach, semi-structured interviews were conducted with 15 to 20 individuals in the Glawan Village Government to gain insights into their experiences and perspectives on leadership practices. Participants were selected using purposive sampling to ensure they had substantial experience with leadership and engagement. Data were analyzed through thematic analysis, which helped identify key themes and patterns related to the effects of leadership on engagement and retention in the Glawan Village Government. Findings reveal that transformational and servant leadership styles significantly positively impact engagement and retention in the Glawan Village Government. Individuals under such leaders reported higher levels of motivation, job satisfaction, and loyalty. In contrast, transactional leadership was found to have a more limited effect on engagement, as it primarily focuses on task completion and performance rewards without fostering deeper emotional connections. Those working under transformational and servant leaders in the Glawan Village Government described feeling valued, supported, and connected to the organization, leading to higher engagement and stronger intentions to remain with the organization. This study highlights the importance of adaptive leadership practices that meet the evolving expectations of a diverse workforce in the Glawan Village Government, particularly in promoting a positive work culture and providing opportunities for personal development. These insights contribute to academic research and practical recommendations for the Glawan Village Government in their efforts to enhance engagement and reduce turnover through effective leadership.
Risk and Return Ranking of JII Stocks Using the Single Index Model Andini, Ade Irma Yesa; Rachmiyati, Nekky
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 1 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i1.21

Abstract

This study uses the Single Index Model for analysis to examine the risk and return ranking of stocks listed on the Jakarta Islamic Index (JII) from 2021 to 2023. The primary objective is to measure and evaluate the effectiveness of ranking in identifying lower-risk stocks with optimal returns within the JII, thus aiding investors in making informed investment choices compliant with Sharia principles. The research analyzes monthly closing price data from 17 selected stocks that consistently met listing criteria during the observation period. The key findings indicate that the average risk of the stocks chosen is 0.5550, reflecting a moderate level of risk. Conversely, the average return is reported at 0.0062, suggesting limited profitability across the index. Importantly, the analysis identifies three stocks exhibiting positive ratings based on their performance metrics, while the remaining stocks are rated negatively. In conclusion, this study highlights the importance of thorough risk-return analysis for investors in the Sharia-compliant market. The findings provide actionable insights, underscoring the potential of strategic stock selection within the Jakarta Islamic Index to enhance investment outcomes, thereby fostering greater confidence in Sharia-compliant investment options.
An In-Depth Investigation of Investor Decision-Making and Cryptocurrency Market Dynamics Masruroh, Laeli; Octafian, Ray
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 1 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i1.23

Abstract

This study aims to analyze the factors influencing cryptocurrency investment decisions, identify effective risk management strategies, and investigate the impact of institutional investment on the cryptocurrency market. Using a qualitative approach with semi-structured interviews involving eight experienced crypto investors, the research found that psychological factors such as FOMO (Fear of Missing Out) and herd mentality significantly affect investment decisions, with 87.5% of participants exhibiting both biases. Although all participants (100%) were aware of the high risks of crypto investments, there was a clear gap between risk awareness and the implementation of adequate risk management strategies, with only 50% using stop-loss orders and 62.5% still relying on informal, intuition-based approaches. Portfolio diversification (87.5%) and dollar-cost averaging (75%) were the most commonly applied strategies. Institutional investor involvement has increased market legitimacy (100%) and stability (75%) but has also raised concerns about higher correlation with traditional financial markets (62.5%) and potential price manipulation (62.5%). This study identifies a significant educational gap, particularly in risk assessment and regulatory understanding, emphasizing the importance of financial education and technological literacy in the cryptocurrency investment environment.
Development of Risk Management Model for Creative Industry: A Cross-Industry Quantitative and Comparative Approach Prasetya, Luhur Adi; Mahardika, Arvendo; Rofiudin, Amir; Haq, Salsabila Thifal Nabil; Ichwanto, Muhammad Aris
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 1 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i1.24

Abstract

Creative industries in Indonesia, including PT Kreasi Ngalam Media (AboutMalang.com), contribute significantly to GDP, but face challenges such as dependence on creative individuals, changing market trends, and global economic uncertainty. This research aims to develop a comprehensive risk management model through a survey of 45 respondents, semi-structured interviews, and cross-sector meta-analysis. The findings identified operational, reputational and financial risks, with technical glitches (score 4.2) and reliance on technology vendors (4.1) as the main operational issues. Negative reviews (4.4) were the biggest reputational risk, while dependency on key clients (4.0) stood out as the main financial risk. Suggested mitigation strategies include client diversification, implementation of recurring revenue models, investment in technology, and development of HR competencies. A cross-cutting analysis showed the importance of implementing predictive technology and strengthening infrastructure to enhance the firm's resilience. The developed model brings together operational, reputational, financial, and sustainability risk management, providing strategic guidance that can be applied by PT Kreasi Ngalam Media and other companies in the creative industry to improve competitiveness and business continuity.
The Impact of Inflation and Idr Exchange Rate on Stock Prices In PT Bank Central Asia Which is Already Listed on The Indonesia Stock Exchange Manap, Abdul
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 1 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i1.27

Abstract

This study aims to determine empirical evidence of the Impact of Inflation, Exchange Rates and Interest Rates on Stock Prices. The independent variables used in this study are Exchange Rates, Inflation, and Interest Rates while the dependent variable in this study is Stock Prices. The financial statements used in this study are Bank Central Asia Tbk. The sample used in this study is the stock price of Bank Central Asia listed on the Indonesia Stock Exchange (IDX), with the number of samples from this study being 46 data from 48 data taken in the monthly Bank Central Asia stock price data period from January 2021 to October 2024. The analysis technique used is descriptive statistical analysis and multiple regression analysis as well as hypothesis testing using SPSS 20. This is proven by the results of the H01 hypothesis state that there is no influence of inflation and the IDR exchange rate simultaneously on stock prices. PT Bank Central Asia Tbk, or in other words, inflation and the IDR exchange rate are proven to simultaneously have a significant influence on stock prices. PT Bank Central Asia Tbk
Perception of Micro Small and Medium Enterprises Performers, Accounting Understanding and Socialization on The Inplementation of Accounting Standard for Micro Small and Medium Entity Hamdani, Deni; Kosadi, Ferry; Febriyanti, Diah
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.14

Abstract

The research objective is to determine the extent of the implementation Accounting Standard for MSME’s Entity to the variables that influence it by covering: perception, understanding of accounting, and socialization. Descriptive and verificative methods were used in this study with double multiple regression analysis. The research population is Handicraft MSME’s registered at the Office of Cooperatives for Micro, Small and Medium Enterprises in Bandung. Sampling using Proportional with the Slovin Formula. For Parsial results showed   Perceptions of MSME actors had no effect on the application of Accounting Standard for MSME’s Entity, Accounting understanding and Socialization of Accounting Standard for MSME’s Entity had a significant influence on the application of Accounting Standard for MSME’s Entity. For Simultaneous result showed  perceptions of MSME’s actors, Accounting Understanding, and Socialization of Accounting Standard for MSME’s Entity affect the Implementation of Accounting Standard for MSME’s Entity. These result hoped had implication that Accounting Standard for MSME’s Entity can be one of the drivers of financial literacy for MSME’s so that they gain wider access to financing from the banking industry.
The Evolution of Human Resource Management in the Generation Z Era Aryani, Dwi Nita
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.33

Abstract

Generation Z, born between the mid-1990s and the early 2012s, a generation to have grown up in a digital, technology-driven world who tech-savviness, social consciousness, and desire for instant gratification. As the workforce, Human Resources Management (HRM) practices need to evolve to effectively engage and manage them. The aim of this study is to explore the implications of Generation Z on HRM practices. This study used a review of literature on Generation Z characteristics, preferences, and HRM practices. The research draws upon studies, articles, and reports related to HRM and Generation Z to analyze challenges and opportunities faced by HRM in managing this generation as employee. The results reveal that Generation Z employees value work-life balance, flexibility, and professional development opportunities. They prefer instant feedback, meaningful work, and a strong company culture. HRM practices need to adapt to meet these preferences by implementing flexible work arrangements, providing continuous feedback, and offering development opportunities. The Generation Z workforce presents both challenges and opportunities for HRM practices. By understanding their preferences and characteristics, organizations can tailor their HRM strategies to effectively engage and manage them. Adapting HRM practices is crucial for organizations to attract, retain, develop talent on digital in the future.
The Effect of Profitability and Liquidity on Company Value with Capital Structure as an Intervening Variable A'inatunnadillah, Ningtias; Akhmadi, Akhmadi; Suryani, Emma
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.35

Abstract

This study aims to test and analyze the influence of profitability and liquidity on the value of companies with capital structure as intervening variables in companies listed in the SMInfra18 Index on the Indonesia Stock Exchange for the 2018-2023 period. The variables studied included profitability proxied by Net Profit Margin (NPM), liquidity with Current Ratio (CR), capital structure with Long-term Debt to Equity Ratio (LTDER), and company value with Tobin's Q. Purposive sampling method was used to obtain eleven companies as a sample with a total of 66 observation data. Data analysis was conducted using IBM SPSS Statistics 23. The results of the study show that profitability and liquidity have a positive and significant effect on the company's value. Profitability and liquidity have a negative and significant effect on capital structure. Capital structure is not able to mediate the influence of profitability on the value of the company, but it is able to mediate the influence of liquidity on the value of the company.
Green Awareness and Green Attitude as Predictors of Green Purchase Intention: A Study on Green Cosmetic Consumers in Indonesia Putra, Wira Pramana; S, Putri Paulina; Shevana, Nabella Zahra
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.36

Abstract

This research explores the influence of green awareness and green attitude on consumers’ intention to purchase green cosmetics in Indonesia. With increasing environmental concerns, understanding the psychological drivers behind eco-friendly product choices is vital, especially in developing markets. The study aims to examine how consumers’ environmental consciousness shapes their attitudes and subsequently affects their intention to buy green cosmetic products. A quantitative method was utilized, involving the distribution of structured questionnaires to individuals familiar with green cosmetics. The data were analyzed using Structural Equation Modeling (SEM). The results confirmed all hypotheses, showing that green awareness significantly influences both green attitude and purchase intention. Additionally, green attitude has a strong positive effect on green purchase intention. These findings underscore the importance of raising consumer awareness and cultivating positive attitudes to promote sustainable purchasing behavior. The study provides practical implications for businesses and policymakers striving to advance environmentally responsible consumption in Indonesia’s cosmetic sector.
Profitability as a Mediating Factor in the Effect of Capital Structure on Stock Prices: An Empirical Study of Companies Listed in the MNC36 Index on the Indonesia Stock Exchange. Widyawati, Silvia; Akhmadi, Akhmadi; Khaerunnisa, Enis
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.47

Abstract

This study examines the role of profitability in influencing capital structure on stock prices in companies listed on the MNC36 Index. The population in this study were MNC36 Index companies for the 2018-2023 period. The sample used in this study was 9 companies, determined using a purposive sampling technique, resulting in a total of 54 observational data. The analysis techniques used in this study were descriptive statistics, classical assumption tests, multiple regression, and hypothesis testing using SPSS 23 analysis tools. The results show that capital structure significantly affects stock prices and profitability, but profitability does not mediate the relationship, and firm size does not significantly control stock price variations. These findings suggest that debt management remains important to investor perceptions. Future research should consider sectoral contexts and alternative variables.

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