cover
Contact Name
Karona Cahya Suseno
Contact Email
karona.cs@unived.ac.id
Phone
+6281373154399
Journal Mail Official
j.ekombisreview@gmail.com
Editorial Address
Jl. Meranti Raya No. 32. Sawah Lebar, Kota Bengkulu
Location
Kota bengkulu,
Bengkulu
INDONESIA
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis
ISSN : 23388412     EISSN : 27164411     DOI : https://doi.org/10.37676/ekombis.v8i1.926
Ekombis Review: Jurnal Ilmiah Ekonomi dan Bisnis is a peer-reviewed journal. Ekombis invites academics and researchers who do original research in the fields of economics, management, and accounting.
Articles 1,559 Documents
The Impact Of Public Space On The Improvement Of The MSME Economy In The Dumai Islamic Center Sadam Handika; Agus Susilo
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9138

Abstract

It functions as a center for religious activities, but also as a driving force in local economic empowerment, especially for Micro, Small, and Medium Enterprises (MSMEs). Through a management strategy based on community needs and the concept of Islamic Corporate Social Responsibility (ICSR), DIC is able to create a business ecosystem that supports the growth of MSMEs in Dumai City. The existence of DIC has a positive impact in the form of increasing the income of MSME actors, the availability of business support facilities, and the creation of a conducive trading environment. Although still facing several obstacles such as limited infrastructure during the rainy season, the manager's efforts in providing basic facilities have made a significant contribution to increasing the competitiveness and resilience of MSMEs. In addition to supporting the welfare of MSME actors, DIC also strengthens the local economic turnover and becomes a model for integration between social, economic, and religious functions that support sustainable development in Dumai City.
Adaptive Asset Allocation Strategy Using The Black-Litterman And Carhart Four Factor Approach In The Indonesian Stock Market Ardian Okta Kristanto; Irwan Adi Ekaputra
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9142

Abstract

This research explores a new asset allocation framework that integrates the Carhart asset pricing model with the Black-Litterman portfolio optimization model to provide portfolio management decision recommendations. The aim of this research is to test whether this integration can offer optimal portfolio formation strategies for short, medium, and long-term investments in the Indonesian stock market. Analysis was conducted using data from the Indonesia Stock Exchange from 2010 to 2024. This model was then compared with the IHSG, CAPM, and Mean-Variance Model as measured by the Sharpe Ratio to prove that the model can outperform the market and these models. This strategy-based model creates more optimal portfolios and is expected to provide valuable insights for portfolio management literature and broader applications in investment practice. The research results are expected to provide practical contributions to portfolio management in the Indonesian stock market by delivering more adaptive and superior asset allocation strategies.
Synergy Between Plantation And Mining Sectors: A Case Study Of Pt Bumi Sawindo Permai Taufan Trianggara Atmaja; Achmad Fajar Hendarman
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9144

Abstract

This study explores how strategic foresight can support organizational transformation at PT Bumi Sawindo Permai (PT BSP) to foster synergy between plantation and mining sectors. Findings show that applying foresight tools such as scenario planning, visioning, and backcasting has enabled PT BSP to anticipate future uncertainties and realign its organizational structure, workforce strategy, and long-term vision toward becoming a land integrator within the PTBA ecosystem. Key transformation initiatives include restructuring for operational efficiency, enhancing workforce capabilities through targeted training and rotation, cultivating cross-sector leadership, and building a cohesive organizational culture. To sustain this transformation, the study recommends robust performance governance and strategic diversification into land reclamation and biomass services. Furthermore, active engagement with government regulators and alignment with shareholders PTBA and Danantara is essential to strengthen PT BSP’s mandate and ensure coherence with national energy transition goals and long-term ESG commitments.
The Effect Of Good Bureaucracy, Internal Control, Competency Development, And Soft Skills As Efforts To Improve Staff Performance With Entity Independence As An Intervening Variable Ferdianingtyas Ferdianingtyas; Nursaid Nursaid; Trias Setyowati; Nurul Qomariah
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9150

Abstract

The organizations can leverage internal resources to enhance employee autonomy and performance, while ensuring that the organization operates more independently and effectively in achieving its goals. The study purpose to examine and analyze the effect of good bureaucracy, internal control, competency development, and soft skills on staff performance, both directly and through entity independence as a mediating variable. This study is explanatory research with a quantitative approach. The study population was all staffs of the Regional Financial and Asset Management Agency (BPKAD) of Jember Regency, and the sample was determined using a purposive sampling technique. Data analysis used the Structural Equation Modeling (SEM) method with the Partial Least Squares (PLS-SEM) approach. The results showed that good bureaucracy, competency development, and soft skills have significant effect on staff performance, while internal control insignificant effect on staff performance. Good bureaucracy, internal control, competency development, and soft skills have significant effect on entity independence. Entity independence have significant effect on staff performance. Entity independence roles as mediating in the effect of good bureaucracy, internal control, competency development, and soft skills on staff performance.
The Effect Of Democratic Leadership And Work Environment On Employee Performance Through Job Performance Deni Hadiatullah; Budi Santoso; Riyanto Setiawan Suharsono; Nursaid Nursaid
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9152

Abstract

This study aims to analyze the influence of democratic leadership and the work environment on employee performance in Kaliwates District, as well as the role of job performance as an intervening variable. The study used a quantitative approach, using a survey method and distributing questionnaires to employees in Kaliwates District. Data analysis was conducted using inferential statistical techniques to test the direct and indirect relationships between variables. The results indicate that democratic leadership and the work environment have a positive and significant effect on employee performance. Furthermore, job performance acts as an intervening variable, strengthening the influence of both factors on improving employee performance. These findings highlight the importance of implementing a participatory leadership style and managing a conducive work environment to encourage work performance, thus optimally improving employee performance. This study recommends improving the quality of leadership and work environment management, along with efforts to develop employee performance, to achieve excellent public service in Kaliwates District.
The Impact Of The Village Fund Policy On Reducing Rural Criminal Incidents In Indonesia Dyno Triandika Diputra; Putu Geniki Lavinia Natih
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9158

Abstract

This study aims to evaluate the impact of the Village Fund policy on reducing criminal incidents in Indonesian villages through improvements in environmental security systems. Utilizing a Difference-in-Differences (DiD) approach within a Poisson regression model, the study examines the effects of the Village Fund policy implementation across 36,889 villages during the 2011–2021 period. The analysis reveals that, following the implementation of the Village Fund policy, villages in the treatment group—characterized by relatively low environmental security systems—experienced a 0.937 times lower variation in criminal incidents compared to villages with high environmental security levels, with a statistical significance of 1%. These findings indicate that infrastructure development, community empowerment, and the enhancement of environmental security systems in more vulnerable areas contribute significantly to the reduction of criminal incidents in Indonesian villages.
Impact Of Bank Risk On Bank Performance In Indonesian Commercial Banks: The Moderating Role Of Corporate Governance Annaas Azzumar Rahman; Ilham Abadi; Henny Setyo Lestari; Susy Muchtar
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9160

Abstract

This study analyzes the impact of bank risk exposures, including Environmental, Social, and Governance (ESG) Risk, Credit Risk, Liquidity Risk, Market Risk, Operational Risk, and Capital Adequacy Ratio (CAR), on the financial performance of commercial banks in Indonesia, as measured by Return on Assets (ROA). Driven by increasing regulatory pressure and market demands for sustainable financial practices, this research also explores the moderating role of Corporate Governance in strengthening or weakening the impact of these risks on bank performance. The research employs a quantitative approach using panel data regression with EViews 9 software, utilizing secondary data from 10 commercial banks listed on the Indonesia Stock Exchange during the period 2020–2024. Data sources include annual reports, sustainability reports, OJK publications, and Bloomberg ESG Disclosure Scores. The findings reveal that ESG Risk, Liquidity Risk, Market Risk, and CAR have a significant impact on ROA, whereas Credit Risk, Operational Risk, and control variables (Bank Size and Asset Growth) do not have a significant impact. An interesting finding of this study is the positive yet insignificant relationship between Credit Risk and ROA, which contrasts with conventional literature. This result is presumed to be influenced by credit restructuring policies and government stimulus during the COVID-19 pandemic, as well as variations in risk management strategies across banks. Meanwhile, Market Risk, as measured by the Net Interest Margin (NIM), shows a significant negative impact on ROA, contrary to the initial hypothesis, indicating intense market competition and fluctuating interest income within Indonesia’s banking sector. The moderating effect of Corporate Governance on the relationship between risk and performance is not fully significant, except for its interaction with Market Risk, which demonstrates the potential to enhance risk management effectiveness. These findings underscore the importance of strengthening governance and risk management to improve the resilience and profitability of the national banking sector.
The Influence Of Financial Literacy, Ease Of Use Of E-Money, And Digital Lifestyle On Gen Z Consumptive Behavior Putri Dwi Nurul Luthfi; Herry Achmad Buchory
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9168

Abstract

This study aims to examine the effect of financial literacy, perceived ease of use (PEOU) of e-money, and income on the consumptive behavior of Generation Z, with digital lifestyle as a mediating variable. The background of this study is the high consumptive tendency of LPK Prasetya Putri students, such as impulsive purchases due to discounts, trends, and social media, which has an impact on the difficulty of paying tuition fees. The method used was quantitative with a descriptive-verification approach, and data were obtained through a survey of 204 Gen Z students. The analysis was conducted using SEM PLS-4. The results show that digital lifestyle is in the very high category, consumptive behavior is high, and PEOU e-money and income are in the moderately high category, while financial literacy is moderate.Descriptively, the dominant indicator in consumptive behavior is impulse buying, and in digital lifestyle is daily digital activity. Verifiably, financial literacy and PEOU e-money have no direct influence on consumptive behavior, but have a significant effect through digital lifestyle (full mediation). In contrast, income has a direct and indirect influence on consumptive behavior (partial mediation). This study confirms that digital lifestyle has an important mediating role in shaping Generation Z consumptive behavior.
Brand Trust As A Moderating Variable Of The Influence Of Instagram Vloggers On Food Branding Bagus Yunianto Wibowo; Nanang Adie Setyawan; Jati Nugroho; Misbakhul Arrezqi; Eva Purnamasari; Irawan Malebra
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9182

Abstract

This research is quantitative with an explanatory approach, which utilizes primary source research to validate existing hypotheses . The data used in this study are primary data obtained from 250 Instagram users. The data in this study were analyzed using the Smart PLS 4.0 analysis tool. The result in this article show In this study, there are two hypotheses used. The hypothesis in this study is that the Instagram Vlogger variable can have a positive relationship direction and a significant influence on Food Branding. To find out the results can be seen in the first row of the third table. The first row of the third table in this study shows that the Instagram Vloggers variable can have a positive relationship direction and a significant influence on Food Branding because the P-Values are positive and below the 0.05 significance level, namely 0.000. The results mentioned by the researcher in the previous row are in line with a number of previous studies as follows (Hansvirgo et al. 2023); (Liling et al. 2022) & (Novindina Ayutiani 2022). These results mean that the increasing number of Instagram Vloggers about a product can make the product more known to the public and ultimately can increase the Food Branding of a product. The next hypothesis can be interpreted that the Brand Trust variable can also strengthen the influence of the Instagram Vloggers variable on Food Branding because the P-Values also tend to be positive and are also far below the 0.05 significance level, namely 0.000. More significant than direct testing. Based on this, the first and second hypotheses in this study can be accepted and proven.
The Effect Of Earnings Management, Dividend Policy, And Retained Earnings In Improving The Financial Performance Of LQ45 Companies Erwin Febriansyah; Karen Jayanti; Rona Naula Oktaviani; Fadrul Fadrul
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 1 (2026): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i1.9209

Abstract

This study aims to analyze the influence of earnings management, dividend policy, and retained earnings on the financial performance of companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The research adopts a quantitative approach using panel data regression analysis with the Fixed Effect Model estimation method. The sample consists of 14 companies that consistently appear in the LQ45 index and provided complete financial reports throughout the study period. The results indicate that earnings management, dividend policy, and retained earnings simultaneously have a significant effect on financial performance. Partially, dividend policy and retained earnings have a positive and significant influence, while earnings management does not significantly affect financial performance. These findings highlight the importance of effective dividend and retained earnings management in enhancing a company's financial performance, while manipulative earnings management practices do not contribute meaningfully to sound financial achievement.