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Cakrawala : Management Science Journal
Published by Yayasan Edukasi Cakrawala Nusantara
ISSN : -     EISSN : 3062858X     DOI : https://doi.org/10.63541/bety9n88
Core Subject : Economy,
Economics, Econometrics & Finance
Cakrawala: Management Science Journal is a publication that contains scientific articles related to management science. This journal is used by researchers, academics, health practitioners, and students in accessing and sharing the latest knowledge and findings in the field of management science covering various topics such as human resource management, marketing management, operations management, strategic management, Business & Entrepreneurship, Finance & Accounting.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 8 Documents
 1 
Search results for , issue "Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September" : 8 Documents clear
Analysis Of The Effect Of Social Security And Commission On Platform System Obscurity Among Student Drivers In Bandung City Mantoro, Ari Assrishan Sosh; Zahrah, Halimah; Meylani, Nilam; Nur Islami , Siti Azmi; Abdul Hamid, Zaid
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/20wax419

Abstract

This study aims to examine the impact of the unclear applicator system on social security fairness and commission deductions for student online motorcycle taxi drivers in Bandung City. The research is motivated by ongoing demonstrations demanding transparency, fair working conditions, and protection for drivers, particularly concerning the partnership status and high commission cuts of 30% or more. Using a mixed methods approach with sequential exploratory design, the study began with qualitative interviews to explore key issues, followed by a quantitative survey involving 97 respondents. Regression analysis revealed that 60.1% of the perceived system obscurity is influenced by two main factors: the commission system and lack of social security. However, only the commission variable showed a significant partial effect. These findings emphasize the urgency of improving transparency in commission policies and fostering open, two-way communication between applicators and drivers to build a fairer and more sustainable partnership model in the digital transportation platform sector.
The Effect of Profitability on Stock Prices of LQ45 Firms Triana, Mirna; Debbie, Christine
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/08s29f71

Abstract

This study aims to examine the impact of profitability, measured by Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM), on stock prices of companies listed in the LQ45 index of the Indonesia Stock Exchange between 2021 and 2023. The results show that only NPM significantly affects stock prices, while ROA and ROE do not have a significant individual effect. The F-test indicates that all three profitability ratios together have a significant effect on stock prices, suggesting that although individual ratios may not sufficiently explain stock price movements, their combined effect provides a more complete picture of a company’s financial health. The Fixed Effect Model (FEM) used in this study effectively controls for unobserved heterogeneity among companies. The adjusted R² value of 47.1% suggests that while profitability plays an important role in explaining stock price variation, other factors such as market sentiment, macroeconomic conditions, and external variables also influence stock prices. The findings highlight that investors tend to assess profitability through a composite approach, considering multiple financial ratios together rather than relying on a single metric. This study provides valuable insights into how investors react to financial signals in emerging market contexts and emphasizes the importance of external factors in shaping investment decisions
The Influence of Social Media Marketing on Purchase Intention of Compass Shoes Products through Shopee in Bandung Saputro, Arie Hendra; Dowansiba, Sonny
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/e94k4j18

Abstract

This study investigates the impact of social media marketing on consumer purchase intention for Compass, a leading local shoe brand, through the Shopee e-commerce platform in Bandung. Using a quantitative, descriptive, and associative approach, data were collected via an online questionnaire from 99 purposively selected respondents and analyzed with simple linear regression in SPSS. Results reveal that social media marketing significantly influences purchase intention (β = 0.376, p = 0.003), although it accounts for only 8.6% of the variance (R² = 0.086). Despite Compass’ growing popularity on Instagram—with over 1.2 million followers—the brand experiences declining engagement rates, highlighting a gap between social media visibility and actual e-commerce conversions. This finding underscores the importance of integrating engaging digital content with practical e-commerce strategies such as product availability, logistics, and customer service. For Compass and similar local brands, effective use of social media marketing should be complemented with analytics-driven personalization and seamless customer experience to convert online hype into sustainable sales.
The Influence of Compensation on Job Satisfaction: A Literature Review from an Industrial Psychology Perspective Ahmad Husnul Khotimah; Ajju Setyanto Tamsir; Al Miftah, Raditya Anugrah; Rupus, Rupus
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/wdv3w353

Abstract

This study explores the relationship between compensation and job satisfaction from an Industrial Psychology perspective using a literature review method. Secondary data were drawn from scientific articles, academic papers, and research reports published between 2020 and 2025 in national and international journals. The analysis applied content analysis by identifying key variables, grouping findings, comparing results across sectors and regions, and synthesizing them based on the Equity Theory, Expectancy Theory, Herzberg’s Two-Factor Theory, and Social Exchange Theory. The review of seven studies shows that both financial compensation (salary, allowances, bonuses, incentives) and non-financial compensation (recognition, promotion opportunities, facilities) generally have a positive effect on job satisfaction. The extent of this effect varies according to contextual factors such as work environment, organizational culture, career development, and labor policies. Effective compensation policies should balance financial and non-financial rewards while aligning with employee expectations and organizational conditions. The study is limited by its reliance on secondary data and a restricted publication period.
Work-Life Balance and Workload on Employee Work Stress Khotimah, Ahmad Husnul; Nardo, Rio
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/e7f9rc75

Abstract

Job stress is a critical issue in human resource management within the public sector as it directly affects employee performance and organizational effectiveness. This study aims to examine the influence of work life balance and workload on job stress among civil servants at the Directorate of Procurement and Rank, National Civil Service Agency. A quantitative approach with a survey method was employed, where data were collected through a Likert scale questionnaire distributed to the entire population of 57 employees using a total sampling technique. Data analysis involved validity and reliability tests, classical assumption tests, multiple linear regression, t tests, and coefficient of determination with the assistance of SPSS version 30.0. The findings indicate that work life balance has a significant negative effect on job stress, while workload has a significant positive effect on job stress. These results suggest that maintaining a healthy work life balance can reduce employee stress levels, whereas excessive workload increases job pressure. Practically, this study provides insights for government institutions in designing human resource management strategies, particularly by promoting proportional workload distribution and supporting employees’ work life balance, in order to mitigate job stress and enhance organizational effectiveness.
Impact of Behavioral Bias, Price Volatility, and Market Capitalization on Cryptocurrency Purchase Decisions in Indonesia Putra, Bagja Rahma; Lestari, Fitrina; Kharisma
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/8ehdka53

Abstract

This study investigates how market capitalization, price volatility, and behavioral biases affect decisions to buy cryptocurrencies. Because of its decentralized structure and extreme volatility, the cryptocurrency market frequently affects investment choices through psychological elements, including loss aversion, overconfidence, and herd mentality. This study uses a quantitative methodology to analyze data from the nine most traded cryptocurrencies using independent t-tests, multiple linear regression, and simple linear regression. According to the study's findings, decisions to buy cryptocurrencies are significantly positively influenced by herd behavior and overconfidence, as shown by high volatility, but not significantly by loss aversion. Furthermore, it has been demonstrated that price volatility significantly affects herd behavior, meaning that investors are influenced to follow the majority lead when prices fluctuate significantly. However, the degree of herd behavior is not affected by market capitalization, suggesting that psychological elements like herd behavior are more impacted by general market conditions than by market capitalization size. These results highlight how crucial it is to comprehend the psychological aspects of cryptocurrency market decision-making, since doing so can offer a better understanding of investor behavior and the workings of this extremely unpredictable market.
The Influence of Internal Communication and Non-Physical Work Environment on Employee Productivity Ade Febrianto; Nardo, Rio
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/7easj179

Abstract

This study aims to analyze the influence of internal communication and non-physical work environment on employee work productivity. The method used is a quantitative method with data collection techniques through observation and questionnaire dissemination. The research population consists of 63 employees of the Bogor Regency Manpower Office who come from the secretariat sector, the field of placement and transmigration of job training, the field of training and work productivity, and the field of industrial relations and working conditions. This study uses a total sampling technique, where the entire population is used as a research sample. This study concludes that the work productivity of employees of the Bogor Regency Manpower Office is partially and significantly influenced by internal communication and non-physical work environment. Effective internal communication improves performance while a conducive non-physical work environment encourages employee comfort and motivation.
Implementing Green Logistics in Agricultural MSMEs in Sukabumi, West Java, Indonesia: Its Impact on Operational Efficiency and Environmental Sustainability Eprilya Putri, Nabila; Lestari, Fitrina; Mirdan Faris, Riyan
CAKRAWALA : Management Science Journal Vol. 2 No. 3 (2025): Cakrawala: Management Science Journal - September
Publisher : Yayasan Edukasi Cakrawala Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63541/7bs41j09

Abstract

Green Logistics (GL) presents a strategic framework for enhancing operational efficiency and environmental sustainability two key imperatives in modern supply chains. However, its implementation among MSMEs, particularly in agriculture and in developing countries, remains both understudied and underutilized. This study explores the extent to which GL practices influence Operational Efficiency and Environmental Sustainability within agricultural MSMEs in Sukabumi, West Java, Indonesia. Adopting a mixed methods approach, quantitative data were collected from 76 MSME actors and analyzed using SEM PLS, while qualitative insights were gathered through open ended survey questions. Results show that GL significantly impacts Operational Efficiency (β = 0.593) and Environmental Sustainability (β = 0.485), with Efficiency acting as a partial mediator (β = 0.406). The R² values of 0.633 and 0.352 suggest strong predictive validity for the structural model. The qualitative data reinforce these findings by highlighting real world constraints limited access to eco-friendly tools, a lack of technical knowledge, and insufficient training. While geographically localized, the study provides transferable insights into the broader barriers and potential of GL adoption among MSMEs in emerging economies. It also affirms the relevance of the NRBV and GSCM frameworks when adapted to rural and resource constrained contexts.

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