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Jurnal Dinamika Manajemen
ISSN : -     EISSN : 23375434     DOI : https://doi.org/10.15294/jdm
Core Subject : Science,
JDM (Jurnal Dinamika Manajemen) is an international journal, that provides a forum for publishing original research articles, review articles from contributors, and novel technology news related to management that accepts papers from all countries.
Articles 6 Documents
Search results for , issue "Vol. 17 No. 1 (2026): March" : 6 Documents clear
Capital Efficiency Based on Payment Capability (CEPac) as a Mediator Between Asset Structure, Sales Growth, and Firm Value: Evidence from Indonesian Manufacturing Firms Rahman, Faisal Riza; Widowati, Maduretno; Wahyudi, Sugeng
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.32114

Abstract

This study introduces and empirically validates CEPac as a mediating construct linking asset structure and sales growth to firm value. Grounded in Trade-Off Theory, Resource-Based View, and Signaling Theory, CEPac integrates the inverse of the Weighted Average Cost of Capital (1/WACC) and Times Interest Earned (TIE) to capture financing efficiency and debt-servicing capacity. Using panel data from 75 manufacturing firms listed on the Indonesia Stock Exchange (2019–2023), seven hypotheses were tested through fixed-effects regression and Sobel mediation analysis in STATA. The results show that asset structure and sales growth significantly increase firm value, both directly and through CEPac (p<0.01), with mediation effects accounting for 18%–32% of the total influence. The model demonstrates strong explanatory power. Overall, the findings provide actionable insights for managers seeking to optimize capital allocation and operational growth, and position CEPac as a reliable financial assessment tool for capital-intensive industries.
Determinant of Enterprise Risk Management Disclosure with the Board of Commissioners as a Moderating Variable Hidayah, Retnoningrum; Suntari; Suryarini, Trisni; Basher, Sara R; Zahid, Anwar
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.27542

Abstract

This study examines the effect of the independent board of commissioners and managerial ownership on enterprise risk management (ERM) disclosure. Furthermore, this study uses the board of commissioners as a moderating variable. The sample uses financial sector companies listed on the Indonesia Stock Exchange during the 2020-2023 period. This study uses a purposive sampling technique. The findings reveal that an independent board of commissioners and managerial ownership positively influence enterprise risk management (ERM) disclosure. The board of commissioners can strengthen the effect of managerial ownership on enterprise risk management disclosure. The novelty of this research lies in incorporating board size as a moderating variable in the context of ERM disclosure. Hence, this study offers new insights into the nexus between governance and risk management. This study also contributes to ERM literature by emphasizing the contingent role of board characteristics in shaping risk disclosure practices. Nevertheless, this study only focuses on financial companies. Therefore, future research should include broader industry coverage and adopt longer observation periods to enhance the generalizability and robustness of the results.
The Antecedents of Muslim Consumers Restaurant Choice: A Study Through the Lenses of SOR and Theory of Planned Behavior Marsasi, Endy Gunanto; Barqiah, Sarah
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.37462

Abstract

This study explores the impact of customer perceptions of value and quality on subjective norms, attitudes, satisfaction, revisit intentions, and loyalty at the “No Pork, No Lard” restaurant using the Stimulus-Organism-Response (SOR) theoretical framework. Data were collected through a survey of 600 consumers across six major cities in Indonesia and analyzed using Structural Equation Modeling (SEM). The results indicate that perceived value significantly influences subjective norm and attitude; however, it has no significant effect on satisfaction, intention to revisit, or loyalty. Meanwhile, perceived quality significantly affects subjective norm, attitude, and satisfaction, but does not have a direct influence on intention to revisit and loyalty. In addition, subjective norms drive loyalty, attitudes shape both revisit intention and loyalty, while satisfaction influences the two response variables. Overall, perceived quality emerges as the key factor in consumer perception and evaluation, while perceived value has a more limited impact. The results also emphasize the importance of attitude and satisfaction as direct drivers of consumer revisit intention and loyalty. This research provides significant insights into consumer behavior in halal-labeled food establishments and highlights the need to focus on improving service quality and strengthening positive consumer attitudes.
Sustainability in the Hospitality Sector: Leveraging Development Value as a Mediating Variable Raharjo, Pamuji Gesang; Silitonga, Parlagutan; Darawanti, Anti Ruslan; Sembiring, Murpin
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.37574

Abstract

Amidst the recent challenges the declining hospitality industry faces, this study focuses on enhancing employer branding sustainability in the hotel sector post the COVID-19 pandemic. The research targets hotel employees who have graduated from hospitality vocational schools and colleges. Utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis, the results highlight the pivotal role of Development Value as a mediator in promoting sustainability within the hotel industry. This underscores the critical importance of hotel management in prioritizing the cultivation and recognition of development value among employees, where management of hotels can effectively enhance their sustainability practices. Inclusion of Development Values as a mediator is a novelty of this research. Employee development is the core that affects the sustainability of employer branding, and it is a strategic step to improve employer branding. Improvements were made to increase the fluency of sentences, consistency in the use of terms, and to clarify some parts to make them easier to understand
Factors Forming Indonesian Customers’ Attitudes and Intention towards Sharia Banking Products Before and After the COVID-19 Pandemic Prisila Damayanty; Heri Yanto; Shine Pintor Siolemba Patiro
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.38130

Abstract

The objective of the research is to uncover the factors shaping customer attitudes and intentions towards using Islamic banking products in Indonesia after the COVID-19 pandemic. A preliminary study identified the factors shaping attitudes, including bank image, social norms, and compliance with Sharia law. This study also revealed differences in Indonesian customers’ intentions towards using Islamic banking products before and after the COVID-19 pandemic. Data collection used an online survey involving 479 Islamic banking customers in Indonesia. Structural Equation Modeling (SEM) was used for data analysis. The results indicate that attitudes can predict Indonesian customers’ intentions towards using Islamic banking products. The most influential factor influencing Indonesian customers’ attitudes towards using Islamic banking products is social norms. This study demonstrates the importance of reference groups and bank image in shaping attitudes and intentions, suggesting that banks should leverage these aspects to expand their customer base. This study also provides insights into individual decision-making and the importance of a social approach for banks in advertising. By confirming all TPB-related hypotheses, the study empirically validates and extends multi-attribute attitude model, Theory of Reasoned Action, Theory of Planned Behavior in the context of Sharia banking adoption after a global crisis. It demonstrates those model theories are reliable and adaptable framework for explaining Islamic financial behavior in emerging markets and during periods of economic disruption.
From App Cues to Trust: A Stimulus–Organism–Response Study of Engagement and Continuance Intention in Indonesian Food Ordering Apps Endah Budiarti; Tri Andjarwati; Enni Sustiyatik
Jurnal Dinamika Manajemen Vol. 17 No. 1 (2026): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v17i1.37624

Abstract

This study investigates the influence of design, performance, and user reviews on consumer engagement and continuance intention, with situational factors serving as a moderating variable in the context of food ordering applications. To explain consumer engagement and continuance intention as behavioral outcomes shaped by app-related cues and internal user evaluations, this study draws on consumer behavior theory. The Stimulus–Organism–Response (SOR) model is used as the conceptual framework. Empirical study using quantitative cross-sectional technique is conducted on 338 respondents from nine major cities in Indonesia. PLS-SEM is used to examine data. The findings show that design, performance, and user reviews significantly influence user engagement, with app performance having the strongest effect. Engagement significantly predicts continuance intention, while situational factors moderate this relationship. Managerially, food-ordering platforms should focus on app stability and speed, enhance trust signals, manage user reviews strategically, and design situational features that address delivery uncertainty and time pressure.

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