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EDITOR MAJALAH MEDIAEKONOMI DAN MANAJEMEN D.A. FAKULTAS EKONOMIKA DAN BISNIS UNIVERSITAS 17 AGUSTUS 1945 (UNTAG) SEMARANG JALAN PAWIYATAN LUHUR BENDAN DHUWUR SEMARANG 50235
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Media Ekonomi dan Manajemen
Published by Universitas 17 Agustus 1945 Semarang
ISSN : 08541442     EISSN : 25034464     DOI : http://dx.doi.org/10.24856/mem.v36i1.1726
Core Subject : Economy, Science, Engineering,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering
For optical lens manufacturing the development of product and service quality is a key thing in answering challenges in the business competition it is developing. To achieve this determine the Key Performance Indicator (KPI), the Rejected Rate and On-Time Delivery (OTD) to measure the extent of the performance that has been achieved and how to develop it, shape the work culture of Kaizen which commits to continuous improvement and value chain analysis largely determine the process of developing production and service quality. The Kaizen culture and value chain applied in achieving the KPI target in this study succeeded in reducing the KPI Rejected Rate by 0. 46% and raise OTD by 2. 22%. The method used in this study uses a review of literature studies, observations, and direct interviews of the plant manager of one of the largest optical lenses manufacturers in Indonesia using data comparisons in 2018 and 2020
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Strategi dan Menejemen
Articles 274 Documents
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Liquidity, Volatility, and Herding Behavior: A Study of the Indonesia Stock Exchange during the Covid-19 Pandemic Nahar, Zuwan Nisfu; Robiyanto, Robiyanto
Media Ekonomi dan Manajemen Vol 40, No 2 (2025): July 2025
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v40i2.5942

Abstract

This research aims to determine liquidity and volatility conditions and differences in herding behavior during the pre-pandemic, early pandemic, and the new normal period of the COVID-19 pandemic in Indonesia. This research examines the microstructure and proves herding behavior on the Indonesian Stock Exchange (IDX). This research will also look at liquidity and volatility to see market sentiment because investor behavior can be reflected in liquidity and volatility. The population used in this research is the IDX-80 index, with 48 companies as the sample. This study uses CSAD to test herding behavior because it is not sensitive to outliers. This research found that the highest market liquidity and volatility occurred during the early pandemic, and the highest herding behavior occurred during the new normal period. The market response to each event can also determine the direction of stock movements, so investors can take advantage of this period to collect shares and sell them again when prices rise. This research offers a summary of the Indonesian capital market during significant events, which can assist investors in developing investment plans that consider the course of events. Practically, this study offers actionable insights for investors by explaining how market conditions during different phases of the pandemic influence investment strategies.
Auditor Reputation, Audit Tenure, and Earnings Surprise Benchmark on Audit Quality: Evidence from Basic Materials Sector Companies in Indonesia Ramadhani, Anindya; Abbas, Dirvi Surya
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6853

Abstract

This study aims to analyze the influence of Auditor Reputation, Audit Tenure, and Earnings Surprise Benchmark on Audit Quality in Indonesian Basic Material companies during the 2021–2024 period, while considering Auditor Specialization as a situational context. The data were obtained from audited annual financial statements and annual reports of companies listed on the Indonesia Stock Exchange. The sample consists of 73 companies, yielding 292 firm-year observations, selected using purposive sampling based on established criteria. Data were analyzed using panel logistic regression with the assistance of E-Views 12. The results indicate that Auditor Reputation and Audit Tenure significantly enhance Audit Quality, while Earnings Surprise Benchmark reflects auditors’ heightened scrutiny under abnormal earnings conditions. Furthermore, the split-sample analysis reveals that these relationships are stronger when auditors possess high industry specialization, highlighting its role as a situational factor. These findings underscore the importance of auditor competence and industry-specific expertise in ensuring high-quality audits. This study provides practical insights for audit firms and regulators in designing strategies to improve audit quality in high-risk and volatile sectors.
A Model Determining Purchase Intention of Halal Skincare Products Amid The Boycott Movement: The Mediating Role of Perceived Influence Putra, Edy Yulianto; Sepvinin, Cherllyn; Nurjanah, Listia
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6478

Abstract

The resurgence of consumer boycott movements against multinational brands following global geopolitical conflicts has reshaped purchasing behavior in Muslim-majority markets. This study examines the determinants of purchase intention toward halal skincare products in the context of a boycott movement. Drawing on the Stimulus–Organism–Response (SOR) framework, it investigates the effects of interactional factors, audience characteristics, sponsored marketing, and consumer attitudes on purchase intention, with perceived influence serving as a mediating variable. A quantitative explanatory research design was employed using a cross-sectional survey of 466 skincare consumers in Batam City, Indonesia. Data were collected through a structured questionnaire using validated measurement scales and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that interactional factors, audience characteristics, sponsored marketing, and consumer attitudes have significant positive effects on purchase intention, both directly and indirectly through perceived influence. Among these variables, perceived influence emerges as the strongest determinant of purchase intention. The study underscores the importance of leveraging social interaction, influencer-based marketing, and value-congruent communication to strengthen local halal skincare brands amid ongoing socio-political disruptions.
Job Demands, Relational Resources and Job Satisfaction: The Mediating Role of Self Efficacy Ratnasari, Yuliana; Putranta, Martinus Parnawa
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6667

Abstract

This research investigates employee well-being from an organisational behaviour perspective by examining the impact of job demands and relational resources within educational organisations. It focuses on teachers working in faith-based schools in Java, Indonesia, where strong relational norms, value-based interactions, and close leaders’ member relationships shape everyday work experiences. Specifically, it examines the relationships among work overload, respectful student behaviour, principal support, and teachers’ job satisfaction, with self-efficacy positioned as a mediating psychological mechanism. A quantitative survey was used. Data were collected from 298 teachers across 25 faith-based schools and analysed using PLS-SEM. The findings indicate that work overload is negatively associated with job satisfaction, while respectful student behaviour and principal support are positively associated with job satisfaction. The results further show that self-efficacy mediates the effects of work overload, respectful student behaviour, and principal support on job satisfaction, suggesting that self-efficacy functions as an important psychological resource in managing high work demands and strengthening the benefits of supportive relational environments. Overall, this study highlights the importance of relational resources in sustaining teacher job satisfaction in educational settings and contributes to organisational behaviour and educational management literature by clarifying the mediating role of self-efficacy in the Indonesian faith-based school context.
Humanistic Leadership Based on Uswah Hasanah: An Ethical and Transformative Model for Private University Lecturers Setyawulan, Endang Sarwiningsih; Hasan, Hasan
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6910

Abstract

This study aims to develop and test a humanistic leadership model based on Uswah Hasanah as an ethical and transformative paradigm in the context of private universities in Indonesia. The leadership crisis, characterized by an increase in instrumentalist leadership practices and a disregard for the human dimension, necessitates exploring alternative models that place moral exemplarity at the core of leadership. The study employed a mixed-methods sequential explanatory design, integrating a systematic literature review with a survey of private university lecturers selected through purposive sampling. Qualitative data were analyzed using thematic analysis to build a conceptual model, while quantitative data were analyzed using nonparametric statistics (Spearman's Rank Correlation and the Kruskal-Wallis Test) in SPSS 26. The results indicate that the humanistic leadership model based on uswah hasanah consists of four interrelated dimensions: (1) ethics based on human dignity; (2) dialogic and empathetic relationships; (3) moral learning through role models; and (4) sustainable social transformation. Spearman correlation analysis showed a significant positive relationship between all dimensions, indicating strong internal cohesion of the model. The Kruskal-Wallis test revealed significant differences in perceptions of the ethical dimensions and moral learning based on lecturers' tenure, with senior lecturers demonstrating a deeper understanding. Theoretically, this study enriches the discourse on values-based leadership by offering an integrative, contextually grounded synthesis of humanistic management and Islamic ethics. Practically, this model provides an operational framework for leadership development that emphasizes character formation, moral consistency, and organizational culture transformation through role models.
The Impact of Supply Chain Integration on SMES Sustainability Performance: The Mediating Role of Agile Capabilities and Lean Outsourcing Juliyanto, Erwin; Ariadi, Gede
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6586

Abstract

Traditional markets play a crucial role in developing local products, with a focus on sustainable performance. Most of the traders in the traditional market come from small and medium enterprises (SMEs), which tend to struggle with increasing sustainability performance practices, often facing obstacles to supply chain integration as a catalyst. Thus, we examined the interaction effects between supply chain integration and sustainability performance, through agile capabilities and lean outsourcing as mediators from the perspective of Dynamic Capability Theory. This study uses partial least squares-structural equation modelling to explore structural relationships. The sample in this study consisted of 139 SME traders who had stalls in the Pancasari traditional market. The empirical results showed that the indirect positive statistical effect of agile capabilities and lean outsourcing on the linkage between supply chain integration and sustainability performance. Practically, encouraging SME traders to proactively build collaborative relationships with suppliers, distributors, and customers that share information on demand forecasts and enable rapid response to change through agile capabilities. Additionally, lean operations enable traders to systematically identify and eliminate waste by mapping work processes to pinpoint inefficiencies within the business.
The Role of Business Innovation in Mediating Digital Transformation and Marketing Strategy on SME Business Performance Safitri, Heida Ifkari; Winarno, Agung; Rahayu, Wening Patmi
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6687

Abstract

As a measure of business success, the performance of SMEs now faces challenges from rapid digitalisation and demands for more adaptive marketing strategies. This study aims to analyse the influence of digital transformation and marketing strategy on business performance, with business innovation as a mediating variable in tempe chip SMEs in Kampung Sanan, Malang City. The study uses a quantitative causality approach with an ex post facto explanatory method. The research population consists of 500 SMEs, with a sample of 245 SMEs selected purposively according to criteria. Data were collected through a 1–5 Likert scale questionnaire and analysed using Path Analysis with SmartPLS 4. The results show that digital transformation and marketing strategy have a positive and significant effect on business innovation and business performance. Business innovation also mediates the relationship between the two and business performance, although the mediation contribution is smaller than the direct effect. These findings confirm that the application of digital technology and adaptive marketing strategies, supported by innovation, can improve SME performance in a sustainable manner. The practical implication is that SMEs need to develop technology-based innovations, optimise social media, and formulate adaptive marketing strategies to strengthen their competitiveness.
Psychographic Profiling of Skincare Indonesian Consumers: A Multidimensional Segmentation Approach Suryaneta, Suryaneta; Nugraha, Andhyka Tyaz; Noviantoro, Tri; Christy, Nisa Novia Avien; Muslim, M.Raihan Huzhaifi
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6609

Abstract

This study assesses whether a multidimensional psychographic base that joins values, life visions, aesthetic styles, and media preferences can explain skincare consumer behavior in Indonesia and translate directly into brand decisions. A cross sectional online survey of two hundred seventy consumers employed seven-point scales for twelve value items, ten life vision items, nine aesthetic style items, and nine media preference items. The instrument showed satisfactory internal consistency with Cronbach’s alpha of 0.81 for values, 0.78 for life visions, 0.85 for aesthetic styles, and 0.78 for media preferences. Dimensionality was examined with principal components at the block level and audience segments were identified with Gaussian mixture models, with the number of classes selected by the Bayesian Information Criterion. The analysis yielded six interpretable segments. Values place holistic health, emotional balance, and environmental or ethical responsibility at the center of decision making. Aesthetic attraction is strongest for modern minimalism followed by classic and sporty codes, while luxury and futuristic codes are less salient. Media use concentrates on Instagram and TikTok with e-commerce and YouTube as important complements. These findings establish a direct bridge from latent motives to actionable levers by pairing claims and design languages with the media habitats in which persuasion occurs. Brand teams can emphasize health and calm narratives with credible testing, employ transparent and minimalist clinical visual systems, and activate creator led short video content with seamless handoff to e-commerce, while using longer instructional content for audiences that prefer YouTube and Facebook. Limitations include a youthful and digital first sample, self-report measures, and a cross sectional design. The study offers an empirically grounded baseline for psychographic profiling in skincare and a practical roadmap for audience in culture strategy that is both differentiated and repeatable.
Analyzing the Link Between FOMO,Financial Literacy, and Financial Behavior in Shaping Entrepreneurial Intention Among Generation Z Najmani, Angelina Medina; Wiryakusuma, I Gusti Bagus Yosia; Siahainenia, Johan Pratama
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6736

Abstract

This study explores how FOMO, financial knowledge, and personal financial management habits shape entrepreneurial intention among Generation Z. Using a quantitative approach with SEM-PLS, the research examines the relationships among the key variables. The findings indicate that fear of missing out, financial literacy, and financial behavior each contribute to increasing young individuals’ inclination to engage in entrepreneurial activities. Financial literacy is shown to promote healthier financial behavior, which subsequently serves as an indirect pathway that enhances entrepreneurial intention. The study also reveals that financial literacy strengthens individuals’ responses to the influence of FOMO within the entrepreneurial context. Overall, the results illustrate that psychological factors and financial capabilities complement each other in fostering entrepreneurial interest. However, the study is limited by the dominance of student respondents, suggesting that future research should involve more diverse participant groups.
The Mediating Role of Financial Management in the Relationship Between Financial Literacy, Income, Lifestyle, and Investment Decisions Royani, Ida; Ayuba, Yusuf
Media Ekonomi dan Manajemen Vol 41, No 1 (2026): January 2026
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v41i1.6205

Abstract

This study examines the role of financial management as a mediating variable in the relationship between financial literacy, income, lifestyle, and investment decisions. Grounded in financial literacy theory, personal financial management theory, and behavioral finance, the research proposes and empirically tests a conceptual model using Partial Least Squares–Structural Equation Modeling (PLS-SEM). Data were collected from all 155 employees of the Smart City & Community Innovation Center (SCCIC) using a structured questionnaire measured on a five-point Likert scale. The results reveal that financial literacy and income do not have a direct effect on investment decisions; however, both variables significantly influence financial management. Financial management, in turn, has a very strong and significant effect on investment decisions and fully mediates the relationships between financial literacy and investment decisions, as well as between income and investment decisions. Conversely, lifestyle shows no significant direct or indirect effect on either financial management or investment decisions. The model demonstrates strong explanatory power, with an R² value of 0.924 for investment decisions and a Goodness of Fit (GOF) index of 0.571. These findings highlight financial management as the key mechanism through which financial knowledge and financial resources are transformed into effective investment behavior. The study contributes to the literature by emphasizing the central role of financial management in investment decision-making within a professional organizational context and offers practical implications for financial education and organizational financial capability development.

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