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Jurnal Ekonomi dan Bisnis Jagaditha
Published by Universitas Warmadewa
ISSN : 23554150     EISSN : 25798162     DOI : 10.22225/jj
Core Subject : Economy,
JAGADITHA: Jurnal Ekonomi & Bisnis P-ISSN: 2355-4150, E-ISSN: 2579-8162 is a journal of economic and bussiness published by Management Deparment, Postgraduated Program, Warmadewa University, provides a forum for publishing research articles or review articles. This journal has been distributed by WARMADEWA PRESS started from Volume 1 Number 1 Year 2014 to present. The scope of journal is restricted to the fields of economic and business study. The journal is published twice a year every march and september.
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Articles 227 Documents
The Role of E-Commerce in Empowering Cooperatives: Digital Implementation and the Spirit of Collectivism Made Yudi Darmita; Ida Bagus Raka Suardana; A.A.N Eddy Supriyadinata Gorda; Ida Ayu Oka Martini
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 13 No. 1 (2026): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.13.1.2026.26-36

Abstract

This study aims to understand the transformation of digital services and cooperative accountability through internalization of the culture of joy and sorrow in cooperatives. The principle of the family in cooperative management is presented as a manifestation of the local value of Tri Hita Karana in the form of activities that balance harmony. An interpretive qualitative approach inspired by a culture of joy and sorrow was used to understand the experience of digital transformation and cooperative management. Five informants who met the criteria as managers or heads of cooperatives were involved in the in-depth interviews. Research informants are representatives of cooperatives that have digitally transformed and carry a culture of joy and sorrow. The results of the analysis found three main findings. First, digital transformation increases the reach and effectiveness of services along with transparency in reporting cooperative management. Second, the presence of the regional and central governments supports and encourages technological transformation, which is expected to become a facilitator in the future. Third, the culture of joy and sorrow is translated into cooperative activities based on Tri Hita Karana’s philosophical values of maintaining harmony with the Creator, fellow cooperative members, and a sense of concern for the universe. This research is novel in that it internalizes the principle of family in cooperative management, which is the local value of Tri Hita Karana in the form of activities that balance the harmony of members with the Creator, members with cooperative managers, and concern for caring for the universe.
Innovation Capability Mediates Factors Determining Sustainable Entrepreneurial Performance I Nengah Suardhika; Putu Kepramareni
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 13 No. 1 (2026): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.13.1.2026.37-53

Abstract

Sustainable entrepreneurial performance has become increasingly critical for the long-term survival of SMEs in the culinary sector, especially as these businesses face mounting competitive pressures while contributing significantly to the national economy. Previous research has examined entrepreneurial bricolage and digital marketing capability in isolation, yet we know little about how these two capabilities interact to drive sustainable performance outcomes. This study addresses this gap by investigating their combined effects through innovation capability as a mediating mechanism, providing fresh perspectives on how resource-constrained SMEs can achieve lasting success. We employed a quantitative cross-sectional design, surveying 270 culinary SMEs across Bali Province and analyzing the data through PLS-SEM. Our findings reveal an interesting pattern: entrepreneurial bricolage directly enhances sustainable performance, whereas digital marketing capability shows no significant direct impact. The mediating role of innovation capability proves crucial—it partially channels the effect of entrepreneurial bricolage while completely mediating the influence of digital marketing capability on performance outcomes. These results support the integration of bricolage theory and dynamic capability theory within the culinary SME context. The evidence suggests that digital marketing capability must first be converted into tangible innovation before it can contribute to sustainable performance. Meanwhile, the bricolage approach demonstrates versatility by affecting business sustainability both directly and indirectly through innovation. This distinction offers practical implications: SMEs should leverage their resourcefulness immediately while simultaneously transforming their digital capabilities into concrete innovations to secure long-term competitive advantage.
Free Cash Flow of Telecommunications Companies in Indonesia Amran Manurung; Adler Haymans Manurung; Gerry Manurung; Lukman Hakim Sangapan; Gerson Manurung; Jerry Marmen Simanjuntak
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 12 No. 2 (2025): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.258-268

Abstract

The study aims to investigate the variables that affect the cash flow of telecommunications companies on the Indonesia Stock Exchange. This study uses annual data from 2016 to 2024 and a panel data model. The results of this study state that the Company's fundamental factors are represented by the Company's investment value and the oil price and interest rate variables, and the COVID-19 period significantly affect the Company's Net Cash Flow. The Company's management must manage these internal and external factors so that the Company's net cash flow is controlled.
Impact of Stakeholder Pressure and Gender Diversity on Corporate Sustainability Disclosure Luh Gde Pasek Puspa Dewi; Ni Made Dwi Ratnadi; I Gusti Ayu Made Asri Dwija Putri; Made Gede Wirakusuma
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 13 No. 1 (2026): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.13.1.2026.11-25

Abstract

This study addresses the critical role of sustainability reporting in corporate transparency, yet existing literature shows inconsistent findings regarding stakeholder pressure and board gender diversity’s impact on disclosure practices. This research aims to examine the influence of various stakeholder pressures (creditor, employee, consumer, and shareholder), board gender diversity, and the moderating effect of industry profile on sustainability report disclosure among public companies listed on the Indonesia Stock Exchange from 2018 to 2023. Employing a quantitative approach, data were collected from annual and sustainability reports of 282 companies and analyzed using Moderated Regression Analysis (MRA). The findings reveal that creditor, consumer, and shareholder pressures, along with board gender diversity, positively and significantly influence sustainability disclosure. Conversely, employee pressure shows no significant effect. Industry profile acts as a quasi-moderator, strengthening the positive relationships between creditor, consumer, shareholder pressures, board gender diversity, and sustainability report disclosure. These results suggest that companies operating in high-profile industries, facing greater public scrutiny, are more responsive to external stakeholder demands and board diversity in their sustainability practices. This study contributes to bridging gaps in the literature by clarifying the conditional role of industry context in sustainability reporting and highlights the importance of inclusive governance and stakeholder engagement in promoting transparency. The implications offer valuable insights for regulators and corporate managers seeking to enhance sustainability disclosure quality and accountability.
Strength in Small Packages: SMEs Thrive via Disaster Management Strategies Yaman Suryaman; Mike Rowe
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 13 No. 1 (2026): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.13.1.2026.101-112

Abstract

This study conducts a systematic literature review to examine how small and medium-sized enterprises (SMEs) can enhance resilience and adaptability through disaster management strategies. Using the PRISMA framework, relevant studies published between 2010 and 2023 were retrieved from Scopus, Web of Science, and Google Scholar. The findings reveal three dominant thematic areas: (1) preparedness and continuity planning, (2) the use of digital technologies and innovation, and (3) the role of government and institutional support in post-disaster recovery. The review highlights several innovative and sustainable strategies adopted by resilient SMEs, including digital transformation for business continuity, collaborative networks with public and private stakeholders, and proactive risk mitigation practices. These strategies demonstrate that SMEs are not only capable of surviving disasters but can also achieve long-term sustainability when supported by appropriate technological and policy frameworks. This study contributes to the literature by synthesizing fragmented findings into an integrated framework of disaster resilience strategies for SMEs and by identifying critical research gaps related to technology-driven solutions and policy interventions. The results provide practical implications for SME owners, policymakers, and development agencies seeking to strengthen disaster preparedness and resilience in vulnerable business sectors.
Do Chief Audit Executives Affect the Relationship Between Earnings Management and Firm Risk? Paulina Sutrisno; Cleophila Michaela Grace Thalia Soegijanto
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 12 No. 2 (2025): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.294-306

Abstract

This study aims to obtain empirical evidence on the effect of real earnings management (REM) on firm risk. Furthermore, this study also examines the effect of Chief Audit Executive (CAE) tenure in weakening the positive relationship between real earnings management and firm risk. The study examined manufacturing companies listed on the Indonesia Stock Exchange from 2012 to 2018. The statistical analysis used in this study was panel-random effect data regression, considering that the panel random effect data test allows control of unobserved heterogeneity between companies, resulting in more efficient estimates. The research results show that companies that engage in real earnings management have a positive impact on firm risk. REM not only reduces the quality of financial reports but also increases firm risk. Likewise, CAE tenure has a positive impact on firm risk. Longer CAE tenure can weaken the effectiveness of internal oversight, exposing the firm to greater risks. However, CAE tenure does not affect the relationship between real earnings management and firm risk. A strategy of strengthening the CAE's role through rotation alone is unable to mitigate the increase in firm risk due to real earnings management, requiring a more comprehensive governance approach. This study fills the gap regarding research on the effect of real earnings management on firm risk and the role of CAE tenure on the relationship between real earnings management and firm risk in manufacturing companies in Indonesia, which is still rarely researched.
The Role of Consumer Attitude in The Relationship Between E-Service Quality and Product on Consumer Satisfaction Ida Bagus Cempena
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 12 No. 2 (2025): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.251-257

Abstract

This study investigates the mediating role of consumer attitude in the relationship between e-service quality and product quality toward consumer satisfaction on the Tokopedia platform. As a major player in Indonesia’s e-commerce landscape, Tokopedia provides a relevant context for examining factors that drive consumer satisfaction. A quantitative research design was employed, utilizing Structural Equation Modeling with the Partial Least Squares approach to evaluate the hypothesized relationships. Data were obtained from Tokopedia users through an online survey distributed to individuals with purchasing experience within the past six months. The empirical findings demonstrate that both e-service quality and product quality exert a direct and statistically significant influence on consumer satisfaction. In addition, consumer attitude is identified as a significant mediating variable that reinforces the effect of both independent variables on the dependent construct. The model confirms that all independent variables positively affect both consumer attitude and satisfaction, highlighting the integral role of psychological perception in enhancing customer experience. The results provide practical insights for e-commerce practitioners, emphasizing the necessity of consistent service excellence and reliable product offerings to cultivate favorable consumer attitudes and increase satisfaction levels.
Internal and External Factors on Cost Capital of Apparel and Luxury Goods Companies in Indonesia Stock Exchange Jerry Marmen Simanjuntak; Adler Haymans Manurung; Nera Marinda Machdar; John EHJ FoEH; Jhonni Sinaga
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 12 No. 2 (2025): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.269-278

Abstract

This study aims to explore the determinants of the cost of capital for apparel and luxury goods companies listed on the Indonesia Stock Exchange. It utilizes annual data from 2016 to 2023 and employs a panel data model. The findings indicate that both internal and external factors influence the cost of capital. Internal factors include leverage, the interest coverage ratio (ICR), and taxes, while external factors include interest rates and exchange rates.
Integration of Behavioral Finance and Local Culture in Investment Decisions Made Pratiwidewi; Yudi Azis; Widarto Rachbini
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 13 No. 1 (2026): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.13.1.2026.54-65

Abstract

The objective of this study is to conduct a systematic literature review of the development of studies related to behavioral finance and its influence on investment decision making. The study will pay particular attention to the role of local culture as a moderating factor. The present study employed the Systematic Literature Review (SLR) approach to conduct a comprehensive review of 50 scientific articles published from 2000 to 2025. The analysis indicates that behavioral biases, including overconfidence, loss aversion, and herding behavior, in addition to risk perception and return expectation, are variables that have been consistently identified as having a significant influence on investment decisions. However, there are still significant gaps in the extant literature, especially regarding the integration of local culture in financial decision-making models. In the Indonesian context, cultural values such as Catur Purusa Artha are believed to play a significant role in shaping investment attitudes and preferences. However, these cultural values have not yet been empirically studied. Consequently, this study offers a conceptual framework that integrates extant research and proposes a novel approach to the study of behavioral finance, one that is more culturally pertinent. The findings are expected to serve as a theoretical and practical foundation in encouraging local wisdom-based investment research and policy in Indonesia.
E-Commerce for All: How Gen Z is Empowering MSMEs Towards Economic Resilience Made Ary Meitriana; M. Rudi Irwansyah
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 12 No. 2 (2025): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.279-293

Abstract

Digital transformation is an urgent need for MSMEs in facing global economic dynamics. This study analyzes the role of Generation Z in empowering MSMEs through the adoption of e-commerce to strengthen economic resilience in Buleleng Regency, Bali. Using a quantitative approach with survey techniques of 384 respondents consisting of MSME actors and Gen Z entrepreneurs, this study measures the variables of digital literacy, e-commerce adoption, business innovation, and economic resilience. Data were analyzed using Structural Equation Modeling (SEM) with AMOS 24.0 software. The results showed that Gen Z's digital literacy had a significant effect on the adoption of MSME e-commerce ([beta]= 0.567, CR = 8.924, p < 0.001). The adoption of e-commerce has been proven to increase business innovation ([beta] = 0.452, CR = 7.123, p < 0.001) which ultimately strengthens the economic resilience of MSMEs ([beta] = 0.634, CR = 9.876, p < 0.001). The research model explains 72.4% of the variance in the economic resilience of MSMEs. These findings provide theoretical contributions to the development of MSME digital transformation models and practical implications for technology-based economic empowerment policies.

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