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Harmoni Economics: International Journal of Economics and Accounting

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Published by International Forum of Researchers and Lecturers

ISSN : 30636205 EISSN : 30638712 DOI : https://doi.org/10.70062/harmonieconomics.v3i1

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(Harmoni Economics: International Journal of Economics and Accounting) [e-ISSN : 3063-8712, p-ISSN : 3063-6205] is an open access Journal published by the IFREL (International Forum of Researchers and Lecturers). Harmoni Economics accepts manuscripts based on empirical research results, new scientific literature review, and comments/ criticism of scientific papers published by Harmoni Economics. This journal is a means of publication and a place to share research and development work in the field of Economics and Accounting. Articles published in Harmoni Economics are processed fully online. Submitted articles will go through peer review by a qualified international Reviewers. Complete information for article submission and other instructions are available in each issue. Harmoni Economics publishes 4 (four) issues a year in February, May, August and November, however articles that have been declared accepted will be queued in the In-Press issue before published in the determined time.

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Articles 145 Documents

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The Influence of Funding Decisions and Intellectual Capital on Firm Value in Indonesia’s Primary Consumer Goods Sector Listings Nabila Evelyn Chandra; Vina Arnita
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.314

This study aims to investigate the influence of funding decisions and intellectual capital on firm value in the primary consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the period 2020–2023. The research population consists of 23 companies, from which a sample of 15 companies was determined using a purposive sampling technique based on specific selection criteria. Data analysis was conducted using multiple linear regression with the assistance of SPSS version 26. The results indicate that funding decisions, measured by the debt-to-equity ratio (DER), have a significant and positive effect on firm value. This finding suggests that companies that can effectively utilize debt to finance their operations and investments tend to generate sufficient profits, which contributes to an increase in market value. A higher DER often reflects the financing of profitable projects that can enhance shareholder wealth and attract investor confidence. On the other hand, intellectual capital, measured by value added capital employed (VACA), was found to have no significant impact on firm value. This result implies that the selected measurement indicator primarily emphasizes capital efficiency rather than directly capturing value creation activities driven by intangible assets. Consequently, intellectual capital in this form may not directly influence the company’s market valuation in the observed sector and period. The findings of this research highlight the critical role of funding decisions in improving firm value and the need for companies to carefully manage their capital structures. Moreover, business leaders should consider adopting broader or alternative approaches to measuring and utilizing intellectual capital to better capture its potential contribution to long-term value creation. By strategically balancing debt usage and optimizing intangible resources, firms in the consumer goods sector can enhance their competitiveness, market value, and sustainable growth.

Effectiveness of Emergency Department Patient Services in Terms of Nurse Competence, Team Coordination, and Work Motivation At Graha Juanda Hospital Feby Wulansari; Wahyuni Dian Purwati; Rokiah Kusumapradja
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.316

The Emergency Department (ED) plays a pivotal role as the frontline of hospital services, requiring rapid and accurate responses to ensure patient safety and optimal care outcomes. This study aims to analyze the influence of nurse competence and inter-team coordination on the effectiveness of patient transfers from ED to inpatient units, with nurse work motivation as a mediating variable. A quantitative approach was employed with hypothesis testing using path analysis (Structural Equation Modeling - SEM). The study was conducted at Graha Juanda Hospital, Bekasi, involving a sample of 55 nurses selected through total sampling from both the ED and inpatient departments. Primary data were collected through structured questionnaires, and data analysis was performed using SPSS 26. The results demonstrate that nurse competence and team coordination significantly affect service effectiveness, both directly and indirectly through work motivation. Specifically, high levels of nurse competence enhance the ability to assess, monitor, and manage patients efficiently, while effective team coordination fosters a collaborative environment that streamlines patient care transitions. However, work motivation plays a crucial role in mediating these relationships. The findings also indicate that low work motivation—linked to factors such as limited professional development opportunities, high workloads, and lack of recognition—contributes to delays in transferring patients to inpatient care, with the average Length of Stay (LOS) exceeding six hours. The study concludes that improving nurse competence, strengthening inter-team coordination, and enhancing nurse motivation are critical strategies to improve the quality and timeliness of emergency services. By offering continuous professional development, balancing workloads, and creating an environment where nurses feel valued, hospitals can significantly reduce delays in patient transfers. This integrated internal performance approach is vital for reducing LOS in the ED, ensuring timely care, and enhancing patient satisfaction. Furthermore, fostering a positive work environment that prioritizes both individual nurse growth and team collaboration is essential for sustaining high-quality emergency services and seamless, patient-centered care transitions.

Impact of Accounting Systems and Sharing Economy on Culinary MSMEs’ Financial Performance with Demographics Moderation Luluq'il Jannah; Yuliusman Yuliusman; Salman Jumaili
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 2 (2025): May: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i2.319

This research investigates how accounting information systems and sharing economy platforms affect the financial performance of culinary MSMEs in Jambi City, while also examining demographic factors as a moderating variable. The study involved Micro, Small, and Medium Enterprises (MSMEs) in the city’s culinary sector as both the population and sample. Using a non-probability purposive sampling method, data were gathered from 88 culinary MSME respondents through questionnaires and analyzed with the SmartPLS 4 software. The findings reveal that both accounting information systems and sharing economy platforms significantly impact the financial performance of culinary MSMEs. Furthermore, demographic factors were found to moderate the relationship between accounting information systems and financial performance, but did not moderate the link between sharing economy platforms and financial performance in the culinary MSME sector of Jambi City.

Risk Management in Village Financial Management in Village Government in North Sumatera Oktarini Khamilah Siregar; Mohd. Abidzar Bin Zainol Abidin; Vina Arnita; Rica Cahya Amalya
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.320

Village financial management plays a crucial role in ensuring the effective and efficient use of village funds, particularly when viewed from the perspective of risk management. Risk management in this context refers to efforts made by village governments to anticipate, identify, and address potential problems that may arise in the use of village funds. Central government policies provide an important foundation for quality planning, implementation, and supervision in village financial management. This study employs a descriptive approach to explain the challenges faced by village governments in managing finances and highlights the importance of applying risk management strategies to enhance village original income. In analyzing risks, accuracy and precision are required because the risks faced by the village government directly influence policy outcomes and ultimately affect the welfare of the community. By adopting appropriate risk management practices, village governments can mitigate financial mismanagement and improve revenue generation. One practical measure involves the application of targeted budget allocation policies, such as optimizing expenditure savings and ensuring effective absorption of funds. These strategies not only prevent misuse of resources but also promote sustainable financial growth at the village level. The implementation of village financial risk management is guided by the Minister of Villages Regulation, which serves as a formal reference for village governments in designing systems, procedures, and policies. Through the application of these guidelines, village governments are expected to achieve better financial governance, improve transparency, and strengthen accountability. Ultimately, risk management serves as an essential tool for ensuring that village financial management supports community development and enhances the welfare of rural society.

Village Government Strategies For Sustainable Management Of Village Funds In Minta Kasih Village, Langkat Regency Sri Wahyuningsih; Vina Arnita
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.321

This study aims to analyze the government's strategy in Minta Kasih Village, Langkat Regency, in managing Village Funds sustainably. Village Fund management has tended to focus on physical development and administrative reporting, but has not fully considered social and environmental sustainability. This study used a qualitative narrative approach with data collection techniques through in-depth interviews, participatory observation, and documentation studies. The results indicate that the Village Fund planning and implementation strategy has been carried out in accordance with regulations and is based on deliberation. Programs implemented include the construction of drilled wells, alleyways, Family Empowerment and Welfare (PKK) activities, and training for village officials. However, community participation is still limited, village social institutions are not optimal, and environmental aspects have not been prioritized in village planning. Program evaluation also still focuses on administrative reporting, rather than on long-term impacts. To address these challenges, this study recommends five strategies: establishing a hamlet community forum, strengthening social institutions, implementing a household waste management program, utilizing land for educational green spaces, and developing digital village information media. By strengthening these strategies, it is hoped that Village Fund management can have a greater social, ecological, and sustainable impact. In addition, this study contributes theoretically by highlighting the importance of integrating participatory governance and environmental sustainability into rural development policies. Practically, it provides a reference for policymakers, village governments, and community organizations in formulating inclusive, transparent, and environmentally conscious strategies for Village Fund management. The findings also emphasize the need for continuous capacity building for village officials and increased awareness among communities to ensure that the Village Fund not only fulfills regulatory compliance but also creates long-term benefits for future generations.

The Effect of Asset Structure and Profitability on Capital Structure of Consumer Goods Companies Listed on IDX 2020–2024 Henni Savitri; Meigia Nidya Sari
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.328

This study investigates the influence of asset structure and profitability, measured by return on assets (ROA), on the capital structure of consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX). The capital structure, indicated by the debt-to-equity ratio (DER), plays a crucial role in determining the financial stability and growth potential of companies. The analysis incorporates both partial and simultaneous effects, highlighting the interrelationship between profitability, asset structure, and financial leverage. The study employs a descriptive quantitative approach, applying multiple linear regression to analyze data from 150 observations across 30 firms within the consumer goods sector. The period under review provides a comprehensive overview of corporate financial strategies, considering factors such as firm size, industry trends, and market conditions. The results demonstrate that both ROA and asset structure significantly influence the DER, both independently and interactively. Specifically, the findings show that higher profitability, reflected in a higher ROA, tends to lower the reliance on debt financing, thereby reducing the DER. Conversely, companies with more substantial and less liquid asset structures, such as property, plant, and equipment, tend to have higher debt levels, as these assets can serve as collateral for borrowing. The interaction between ROA and asset structure further underscores the complexity of capital structure decisions, where companies must balance profitability with asset composition to optimize their financial leverage. These findings provide valuable insights for financial managers and investors in consumer goods manufacturing companies, emphasizing the critical role of profitability and asset composition in shaping corporate capital structure decisions. Understanding the dynamics of these variables is essential for making informed decisions that support long-term business sustainability and competitiveness in the capital markets.

An Analysis of the Application of Government Accounting Standards at the Central Statistics Agency in Medan City Rischa Herlina Nadapdap; Vina Arnita
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.329

This study examines the implementation of accrual-based Government Accounting Standards (SAP) at the Central Statistics Agency (BPS) of Medan City, in accordance with Government Regulation No. 71 of 2010. The research aims to evaluate financial management practices, SAP implementation, and the quality of financial reports. A qualitative approach was employed, with data collected through interviews, observation, and document analysis. The findings indicate that BPS Medan City has adopted accrual-based SAP by preparing financial reports, including the Budget Realization Report (LRA), Balance Sheet, Operational Report, and Notes to Financial Statements (CaLK). These reports meet qualitative characteristics such as relevance, reliability, comparability, and clarity. However, challenges include limited staff understanding of accrual principles and technical issues in transaction recording. The study concludes that SAP implementation has enhanced financial transparency and accountability, though improvements in human resource capacity and support systems are needed for more effective execution. However, challenges were identified in the implementation process. Limited staff understanding of accrual accounting principles has posed difficulties in proper transaction recording, especially in translating cash-based accounting systems to accrual-based systems. In addition, there are technical challenges related to the integration of financial software, which sometimes hampers the smooth generation of required financial reports. Despite these challenges, the study concludes that SAP implementation has enhanced financial transparency and accountability within BPS Medan City. The findings suggest that further improvements in human resource capacity, including training in accrual accounting principles, as well as strengthening technical support systems, are necessary for more effective execution. The study recommends that BPS Medan City focus on capacity building and system optimization to ensure the long-term success and sustainability of accrual-based accounting practices.

Seasonal Economic Dynamics in East Nusa Tenggara: A Comparative Study of Rote Ndao Regency and Kupang Regency on Socio-Economic Impacts, Challenges, and Solutions Marthen Lona
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.333

This study aims to analyze the differences in seasonal economic dynamics between Rote Ndao Regency and Kupang Regency, East Nusa Tenggara, focusing on socio-economic impacts, challenges faced, and proposed solutions. The research employs a comparative approach using mixed methods, involving in-depth interviews, quantitative surveys, and secondary data analysis from the Central Bureau of Statistics. Such a mixed methodological design allows for a more holistic understanding of how seasonal economic variations affect communities in two regions that, while geographically close, have distinct socio-economic characteristics. The findings reveal significant differences in seasonal economic patterns influenced by geographical factors, market access, and livelihood diversification. In Rote Ndao, the economy is largely dependent on agriculture, fisheries, and small-scale trade, which are highly sensitive to weather patterns and seasonal fluctuations. Conversely, Kupang Regency, as a more urbanized and accessible area, demonstrates relatively greater resilience due to diversified economic activities, stronger infrastructure, and better market connectivity. Socio-economic impacts of seasonal changes include income fluctuations, instability in employment opportunities, and disparities in community welfare levels. Households in Rote Ndao often face more severe income instability during off-seasons, leading to higher vulnerability to poverty, while Kupang communities are comparatively more adaptive due to broader livelihood options. The main challenges identified across both regions include limited infrastructure, low workforce skills, and restricted access to financing, with Rote Ndao experiencing greater intensity of these barriers. Limited roads and transportation systems constrain market access, while low educational attainment reduces workforce competitiveness. Furthermore, weak financial inclusion hampers investment in productive sectors. Proposed solutions include improving transportation infrastructure to enhance connectivity and reduce logistic costs, developing creative and sustainable economies based on local potential such as marine resources and tourism, and strengthening human resource capacity through vocational training and education. By addressing these structural constraints, both regions may reduce seasonal vulnerabilities and foster inclusive and sustainable economic growth.

Profitability and Tax Avoidance: Exploring the Role of Financial Distress as a Driver of Tax Strategies Muhammad Yogi Muslim
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 3 (2025): August: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i3.334

This study investigates the effect of profitability, measured by Return on Assets (ROA), on tax avoidance, represented by the Effective Tax Rate (ETR), while considering financial distress (Z-Score) as a moderating variable. The research focuses on consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2018–2022 period, involving a sample of 35 firms. The study is motivated by the challenges faced by companies under financial pressure, where profitability and tax strategies often intersect. By employing multiple linear regression and Moderated Regression Analysis (MRA), this research provides empirical evidence on how financial distress influences the relationship between profitability and tax avoidance. The findings reveal that profitability has a significant negative effect on tax avoidance, indicating that more profitable companies tend to engage less in tax avoidance. However, when financial distress is present, this relationship intensifies—companies experiencing financial pressure are more likely to adopt aggressive tax avoidance strategies, even if they are profitable. This suggests that financial distress acts as a catalyst, amplifying the tendency to minimize tax obligations. The study contributes to the literature by offering insights into the moderating role of financial distress in corporate tax behavior, particularly in the Indonesian context. These findings have practical implications for policymakers and regulators in designing more effective tax compliance frameworks and understanding corporate financial risk during economic downturns.

The Influence of E-Samsat, Tax Sanctions, Tax Socialization, and Tax Amnesty on Motor Vehicle Tax Compliance in Denpasar City Ildefonsus Zuanda Dunas; Gusti Ayu Putu Eka Dewi Prihantari
Harmoni Economics: International Journal of Economics and Accounting Vol. 2 No. 4 (2025): November: Harmoni Economics: International Journal of Economics and Accounting
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/harmonieconomics.v2i4.338

This study aims to analyze the influence of the E-Samsat system, tax sanctions, tax socialization, and tax amnesty programs on motor vehicle tax compliance in Denpasar City. The background of this research lies in the increasing number of registered motor vehicles in Bali, which has not been followed by proportional growth in tax revenues, as evidenced by the rising number of arrears between 2020 and 2023. This phenomenon raises questions about taxpayers’ compliance and the effectiveness of existing government policies. A quantitative approach was employed, grounded in attribution theory as the theoretical framework to explain how external factors may shape taxpayer behavior. Primary data were collected through structured questionnaires distributed to 100 respondents at the Denpasar SAMSAT Office, using an accidental sampling method. Data analysis was conducted using multiple linear regression with the assistance of SPSS 25, preceded by validity, reliability, and classical assumption tests to ensure the robustness of the findings. The results indicate that both the E-Samsat system and tax sanctions have a significant and positive effect on taxpayer compliance, highlighting the importance of accessible digital services and strict law enforcement in encouraging tax payment. In contrast, tax socialization and tax amnesty programs do not show a significant effect on motor vehicle tax compliance. This suggests that socialization efforts have yet to be optimally delivered and that amnesty policies may only provide short-term relief without fostering sustainable compliance. These findings provide practical implications for local governments in designing policies to enhance compliance. Strengthening digital tax systems such as E-Samsat, improving service quality, and enforcing effective sanctions should remain top priorities. Meanwhile, tax socialization programs should be redesigned to be more engaging and targeted, and the long-term consequences of tax amnesty should be carefully considered.

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Contact Name
Riyadi

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indexsasi@apji.org

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+6281269402117

Journal Mail Official
indexsasi@apji.org

Editorial Address
Jalan Watunganten 1 No 1-6, Batursari, Mranggen Kab. Demak Jawa Tengah 59567

Location
Kab. demak,

Jawa tengah

INDONESIA