cover
Contact Name
Dedi Purwanto Indra Kusuma
Contact Email
journal.emis@gmail.com
Phone
+6281803690231
Journal Mail Official
journal.emis@gmail.com
Editorial Address
Jl. Swadaya No. 28 Kekalik Kijang, Kel. Kekalik Jaya, Kec. Sekarbela, Kota Mataram - NTB 83116
Location
Kota mataram,
Nusa tenggara barat
INDONESIA
Jurnal Ekonomi, Manajemen, dan Bisnis
ISSN : -     EISSN : 30317150     DOI : https://doi.org/10.70716/emis
Core Subject : Economy,
Jurnal Ekonomi, Manajemen dan Bisnis is a double-blind peer-reviewed journal published by Lembaga Penelitian dan Pendidikan (LPP) Kalibra. It provides a platform for scholars, researchers, and practitioners to discuss issues in economics, management, and business. The journal publishes original research, literature reviews, and systematic literature reviews, aiming to contribute to the advancement of knowledge and practice in these fields.
Articles 102 Documents
Between Illusion and Loyalty: Deconstructing Parasocial Relationships in Celebrity Endorsement on Fan Loyalty Using a Grounded Theory Approach Dewa Putu Yohanes Agata L. Sandopart
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.489

Abstract

The phenomenon of fans transforming from passive consumers into “digital warriors” who willingly sacrifice personal resources to defend their idols has created a new paradox in contemporary consumer behavior. Although previous research has confirmed the influence of parasocial relationships on purchase intentions, a critical gap lies in the inability of mainstream quantitative approaches to capture the transformational mechanism through which this imaginary relationship gradually crystallizes into transcendent loyalty that surpasses economic rationality. This study aims to construct a theoretical model explaining the transformation process of parasocial relationships into fan loyalty within the context of product endorsement. Using a grounded theory approach, this research involved 24 participants from three fan bases, including K-pop, football, and Indonesian musicians, through in-depth semi-structured interviews and digital document analysis. The findings produced a Three-Stage Parasocial Loyalty Transformation Model consisting of the Awakening phase, characterized by initial contact triggered by algorithms and identity seeking, the Immersion phase, marked by emotional and financial investment through digital rituals, and the Transcendence phase, where loyalty becomes naturalized as habitus. This study identifies a new concept referred to as “sacred loyalty,” a form of loyalty that adopts characteristics of devotion and actively rejects contradictory evidence. Theoretical implications include extending the parasocial relationship framework by incorporating dimensions of sacralization and digital collective engagement, while practical implications are directed toward marketers and media policymakers.
The Effectiveness of Environmental, Social, and Governance (ESG) Disclosure on Investor Preferences Ajiani, Ika Putri Fitri; Khairunnisa
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 1 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i1.492

Abstract

The phenomenon of increasing investor attention to sustainability issues encourages companies to pay attention to the quality of Environmental, Social, and Governance (ESG) disclosures in financial reports. However, there are still differences in the level of ESG disclosure completeness across companies, making it important to examine how this affects investor preferences. This study aims to test the effectiveness of ESG disclosure on investor preferences by comparing three treatment groups: reports with complete, partial, and minimal disclosure. The research method used is a between- subject experimental design with 180 respondents randomly divided into three groups (60 respondents each). Data were analyzed using one-way ANOVA, followed by Post-Hoc Tukey HSD and Independent Sample T-Test to identify differences among groups. The results show significant differences in investor preferences across the three groups, with the order of preference being Group A (Complete) > Group B (Partial) > Group C (Minimal). Complete ESG disclosure significantly increases investor preferences compared to partial or minimal disclosure. The implication of this study is that completeness and transparency of ESG information are not merely a form of regulatory compliance but also a crucial strategy to enhance investor trust, strengthen corporate reputation, and support long-term sustainability in the capital market.
Beyond the Ledger: How Online Culinary MSMEs Around Campuses Weave Social and Environmental Care into Their Business Aep Saefullah; Liza Nora; Andry Priharta
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.479

Abstract

This study investigates how digital-based culinary micro, small, and medium enterprises (MSMEs) located around university campuses incorporate sustainability accounting practices into their daily operations and financial management. The research adopts a mixed-method approach with a sequential explanatory design, combining quantitative survey data from 120 MSME owners and consumers with qualitative insights from in-depth interviews. The findings reveal that digital integration—particularly through online platforms and digital payment systems—has significantly enhanced operational efficiency and market reach. However, the adoption of sustainability accounting remains limited. Quantitative results indicate that fewer than 40% of MSMEs apply structured cost management practices, and less than 30% engage in environmentally oriented initiatives. Qualitative findings further highlight key constraints, including limited financial literacy, restricted access to green financing, and low awareness of environmental responsibility. Despite these challenges, MSMEs demonstrate emerging informal practices that reflect social and environmental concern, particularly through community engagement and waste reduction efforts. These hybrid practices suggest the presence of latent sustainability potential that has not yet been formalized into systematic accounting frameworks. This study contributes to the literature by extending the discourse on sustainability accounting to the context of digital culinary MSMEs in campus-based ecosystems. Practically, the findings provide policy-relevant insights for strengthening sustainability-oriented capacity building, developing accessible green financing schemes, and fostering collaboration among MSMEs, universities, and local governments to support inclusive and sustainable business transformation.
Navigating Betrayal and Loyalty: Narrative Construction of Minority Shareholders Regarding Devidend Decisions in Indonesian Family-Controlled Firms Dewa Ayu Indiana Ida Loemongga Sandopart; Dewa Putu Yohanes Agata L. Sandopart
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.493

Abstract

This study explores the narrative construction employed by minority shareholders as they navigate experiences of betrayal and loyalty concerning dividend policies within Indonesian family-owned enterprises. Utilizing a qualitative approach with an instrumental case study design focused on three family firms listed on the Indonesia Stock Exchange (IDX), the research involved in-depth interviews with 17 minority shareholders (both individual and institutional) whose ownership periods spanned 2 to 20 years. Thematic analysis, following the framework proposed by Braun & Clarke (2006), yielded four principal themes: (1) narratives of exclusion and powerlessness, (2) narratives of ambiguity oscillating between trust and suspicion, (3) narratives of resignation as a coping mechanism, and (4) narratives of conditional loyalty. The findings indicate that minority shareholders construct the meaning of betrayal as a violation of the psychological contract within the dimensions of both distributive and procedural justice. Conversely, loyalty is interpreted as a calculative commitment contingent upon the firm’s performance and the availability of alternative investment opportunities. This research contributes theoretically by enriching agency theory and signaling theory through the integration of a narrative perspective, while also identifying psychological coping mechanisms previously underexplored in the finance literature. Policy implications for capital market regulators and family-controlled companies are discussed.
Analysis of The Effectiveness of HSE Committees in Occupational Health and Safety Implementation on Infrastructure Projects Ponang Pamungkas; Bagus Hario Setiadji; Ferry Hermawan
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.496

Abstract

The construction industry remains one of the most hazardous sectors due to the complexity of project activities, changing work locations, and the need for consistent safety supervision across diverse operational settings. This study aims to analyse the effectiveness of the Health, Safety, and Environment Committee in supporting occupational health and safety implementation in infrastructure projects managed by Infrastructure 1 Division of PT. X. A qualitative case study approach was employed through in-depth interviews with three project managers, supported by document analysis and field observation. The findings show that the committee played an important role in strengthening safety implementation through leadership support, regular audits, risk assessment, communication, training, and continuous monitoring. The committee also contributed to stronger safety culture, reduced incidents and near misses, and improved regulatory compliance across project sites. The study concludes that the effectiveness of the committee depends on the integration of institutional commitment, operational implementation, and ongoing evaluation. Strengthening committee capacity, cross functional coordination, and digital monitoring is essential to support sustainable safety performance in large scale infrastructure projects.
Analisis Kinerja Manajemen Keuangan Daerah melalui Pendapatan Asli Daerah (PAD) Kabupaten Klaten Rahmawati Riantisari; Alfiati Nurrokhmini; Noviadry Nur Tamtama
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.497

Abstract

This study is motivated by the importance of regional fiscal independence, which is reflected in the ability of local governments to manage Regional Original Revenue (PAD). Klaten Regency has considerable economic potential; however, the contribution of PAD to total regional revenue remains relatively low. This study aims to analyze the development, structure, and management performance of PAD in Klaten Regency. The method used is a descriptive quantitative approach employing time series data from 2020 to 2024, analyzed using effectiveness, efficiency, and independence ratios. The results show that PAD in Klaten Regency tends to increase but remains fluctuating and therefore not yet stable. The structure of PAD has shifted from the dominance of other legitimate revenues toward local taxes and retributions, although this change has not been consistent. In terms of performance, PAD is considered effective as its realization consistently exceeds the target; however, it is not yet efficient because regional expenditures are significantly higher than PAD. In addition, the level of regional financial independence is still very low, indicating a high dependence on central government transfers. In conclusion, the increase in PAD has not been accompanied by optimal management quality. Therefore, efforts are needed to strengthen a more stable revenue structure, improve management efficiency, and reduce dependence on external revenue sources in order to enhance regional fiscal independence.
The Influence of Internal Corporate and Macroeconomic Factors on Stock Prices Bulan Oktrima; Abdillah Akbar Alhasby
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.506

Abstract

This study aims to analyze the influence of internal corporate factors and macroeconomic variables on stock prices of property and real estate companies listed on the Indonesia Stock Exchange during the 2015–2024 period. The independent variables include capital structure, profitability, company size, price to book value, inflation, and the rupiah exchange rate, while stock price is used as the dependent variable. This research applies a quantitative approach using secondary data obtained from company financial statements and official publications. The data were analyzed using panel data regression with the Random Effects Model (REM), supported by classical assumption tests including normality, multicollinearity, heteroscedasticity, and autocorrelation tests. The results indicate that profitability, company size, price to book value, and the rupiah exchange rate have a significant effect on stock prices. Meanwhile, capital structure and inflation do not show a significant influence. Simultaneously, all independent variables significantly affect stock prices, as indicated by a Prob (F-statistic) value of 0.0000. The coefficient of determination (Adjusted R²) of 0.8673 shows that 86.73% of stock price variation can be explained by the variables used in this study, while the remaining 13.27% is influenced by other factors not included in the model. These findings suggest that company fundamentals and selected macroeconomic variables play an important role in determining stock price movements and can be considered by investors in making investment decisions.
Pengaruh Keterampilan Kerja, Motivasi, Lingkungan Kerja, dan Pelatihan Terhadap Produktivitas Karyawan di Industri Sarung Tenun Desa Parengan, Kabupaten Lamongan Muhammad Aufal Marom; Moh. Azus Shony Azar; Saifuddin Zuhri
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.507

Abstract

This study analyzes the effects of work skills, motivation, work environment, and training on employee productivity in the woven sarong industry of Parengan Village, Lamongan Regency. The study is relevant because micro and small-scale craft-based industries continue to rely heavily on skilled labor, manual production processes, and human resource management practices closely associated with family-run businesses. This research employed a quantitative explanatory approach involving 30 employees as respondents. Data were collected through a five-point Likert scale questionnaire based on indicators of work skills, motivation, work environment, training, and employee productivity. Data analysis was conducted using validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination. The results indicate that the research instruments were valid and reliable, and the regression model satisfied the assumptions of normality, showed no severe multicollinearity, and exhibited no symptoms of heteroscedasticity. Work skills, motivation, work environment, and training were found to have positive and significant effects on employee productivity, both partially and simultaneously. The work environment emerged as the most influential variable, followed by training, work skills, and motivation. The R-square value of 0.744 indicates that 74.4 percent of the variation in employee productivity can be explained by the four independent variables, while the remaining 25.6 percent is influenced by other factors outside the model. These findings highlight that the productivity of weaving workers should be enhanced through improvements in technical competencies, stronger employee motivation, better production environments, and training programs aligned with job requirements.
Pengaruh Motivasi Kerja, Reward dan Punishment terhadap Kinerja Karyawan PDAM Tirta Raja OKU Rica Nurma Sari; Munajat Munajat; Rini Efrianti
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.510

Abstract

This study aims to analyze the influence of work motivation, rewards, and punishment on employee performance at PDAM Tirta Raja OKU. The research method used was quantitative, with data collection using a questionnaire. The population in this study was all 156 permanent employees of PDAM Tirta Raja OKU, with a sample of 61 respondents using accidental sampling. Data analysis was performed using multiple linear regression with the help of SPSS. The results showed that partially, work motivation had a positive and significant effect on employee performance. Rewards also had a positive and significant effect on employee performance, while punishment had a positive and significant effect on employee performance. Simultaneously, work motivation, rewards, and punishment significantly influenced employee performance at PDAM Tirta Raja OKU. The conclusion of this study is that increasing work motivation, providing appropriate rewards, and implementing fair and consistent punishment can improve employee performance. Therefore, companies are expected to optimally manage these three factors to achieve better employee performance.
Analisis Pengaruh Kepemimpinan, Lingkungan Kerja dan Stres Kerja terhadap Kinerja Karyawan PDAM Tirta Raja OKU Fredy Valentino; Munajat Munajat; Rini Efrianti
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.511

Abstract

This study aims to examine the extent to which leadership, work environment, and job stress influence employee performance at PDAM Tirta Raja OKU. The population in this study was 156 employees, while the sample used was 61 respondents determined through a specific sampling technique. The study used a quantitative approach with a questionnaire as the data collection tool. Furthermore, the data were analyzed using multiple linear regression methods to determine the influence of each variable individually and their combined influence. The analysis results show that leadership and the work environment have a positive and significant influence on improving employee performance. Conversely, work stress has been shown to have a negative but still significant influence on performance. Simultaneously, these three variables have a significant contribution to the performance of PDAM Tirta Raja OKU employees. The research findings indicate that leadership quality, work environment conditions, and employee stress levels are important factors that determine performance levels. Therefore, efforts to improve performance can be carried out through the implementation of effective leadership, the creation of a supportive work environment, and optimal work stress management.

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