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Journal of Management and Business Review
ISSN : 18298176     EISSN : 25030736     DOI : -
Journal of Management and Business Review (JMBR) is a source of scientific information for academia, research institution, government agencies, and industries. We publish research paper on management and business strategy as well as related topics.
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Articles 6 Documents
Search results for , issue "Vol 23, No 1 (2026)" : 6 Documents clear
Sustainable Work Engagement: The Role of Work-Life Balance, Organizational Support, and Mental Well-Being (A Systematic Review) Nugroho, Johanes Aji; Riyanto, Setyo; Suprapto, Suprapto; Herminingsih, Anik
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.1065

Abstract

This study aims to synthesize empirical evidence on how Work–Life Balance (WLB) and Perceived Organizational Support (POS) sustain work engagement through mental well-being as a mediating mechanism. Following PRISMA 2020, a Boolean search across Scopus yielded 1,339 records; after systematic screening, 165 peer-reviewed articles (2020–2026) were included. Analysis reveals three key findings: (1) mental well-being is predominantly operationalized through deficit indicators (burnout, stress) rather than positive capacities (resilience, flourishing); (2) cross-sectional designs dominate, undermining temporal validity of "sustainability" claims; and (3) the JD-R framework prevails, yet cross-theoretical integration with COR and SET remains largely narrative. The novelty of this research lies in the integration of mental well-being typologies and methodological design patterns into a single explanatory synthesis regarding sustainable work engagement. These findings provide a foundation for evidence-based HRM interventions, longitudinal monitoring strategies, and policy alignment with SDGs 3 and 8, advancing understanding of work engagement as an organizational ecosystem phenomenon rather than a singular outcome.
The Critical Factors that Influence Dividend Payout Ratio on Pro-Cyclical and Non-Cyclical Sector Companies Santoso, David; Wijaya, Helen Adriana; Diharjo, Jason Ferdianto; Sugiarto, Sugiarto; Salim, Agus
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.648

Abstract

Pro‑cyclical and non‑cyclical sectors generate markedly different revenue patterns, a distinction that may influence firms’ willingness to share profits with investors. This study examines whether ownership structure and key financial variables influence dividend policy in Indonesia’s pro-cyclical manufacturing and non-cyclical consumer goods industries. Using a balanced panel of 435 firm-year observations (2015–2019) and fixed-effects panel regression, we examine the impact of family ownership, managerial compensation, leverage, and profitability on the dividend payout ratio. Sector‑specific results emerge. In consumer‑goods companies, higher managerial compensation significantly increases the dividend payout ratio, whereas greater leverage dampens it; family ownership and profitability are insignificant. In manufacturing firms, family ownership increases the dividend payout ratio, while leverage and profitability decrease it; managerial compensation has no significant impact. The findings help income‑oriented investors select suitable sectors, guide regulators in tailoring governance codes, and extend agency and signaling research to contrasting industry characteristics.
Impact of A Political Event on Stock Market: The 2024 Presidential Election Quick Count Version (Study on Indonesia Composite Index and LQ45 Stocks) Jaya, Jessica Anna Mulia; Kurniasari, Widuri
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.763

Abstract

This study examines the capital market reaction to the announcement of the 2024 Election quick count results. Specifically, it analyzes the differences in Abnormal Returns of LQ45 stocks and the Market Cumulative Abnormal Returns before and after the announcement. This research employs a quantitative study approach using secondary data from companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX). The observation period covers five days before and five days after the quick count announcement of the 2024 Presidential Election. The sample consists of 45 companies included in the LQ45 index. Data analysis was conducted using descriptive statistics, normality tests, and the paired sample t-test to compare market reactions before and after the event. The findings indicate that the market showed a positive response to the quick count announcement, reflected in the difference in the Market Cumulative Abnormal Returns. However, there was no significant difference in the Abnormal Returns of individual LQ45 stocks. These results suggest that political events may influence overall market sentiment without necessarily affecting individual stock returns. Future research is recommended to extend the observation period, include other stock indices, and examine additional political or macroeconomic events to provide broader insights into market reactions
The Effect of Institutional Ownership, Company Size, Profitability, and Tangibility on Capital Structure in Non-Cyclical Consumer Sector Companies Listed on The Indonesia Stock Exchange Putrandy, Leonardo; Santoso, Hadi
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.765

Abstract

This study aims to examine the effect of these variables on the capital structure of non-cyclical consumer sector companies listed on the Indonesia Stock Exchange. This study employs a quantitative approach using secondary data obtained from firms’ financial statements for the period 2018–2022. The sample was selected using a purposive sampling method, resulting in 67 companies with a total of 335 observations. The data were analyzed using panel data regression. The results show that institutional ownership has a positive and significant effect on capital structure, while profitability has a significant negative effect. Meanwhile, firm size and tangibility do not have a significant effect on capital structure. These findings support agency theory and pecking order theory in explaining corporate financing decisions. Practically, the findings provide insights for managers and investors in determining optimal financing strategies. Theoretically, this study contributes to the literature on capital structure determinants in companies operating in emerging markets
A Bibliometric Analysis of Green Finance and Waste Management in Small and Medium Enterprises (SMEs): Insights from Indonesia Babangida, Fahad; Nurrachmi, Rininta
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.968

Abstract

This study aims to inform academics and policymakers by examining research trends on green finance and waste management in small and medium enterprises in Indonesia from 2000 to 2025, highlighting significant contributions and areas of focus. Using the PRISMA framework, a VOS viewer was used to illustrate the results of a bibliometric analysis of 10,208 articles from the Scopus database. The analysis identifies Indonesia as the top contributor, Matsumoto, T. as the most prolific author, and Universitas Indonesia as the top institution. The AIP Conference Proceedings and the IOP Conference Series Earth and Environmental Science were recognised as essential publication channels. While low-frequency phrases indicate potential avenues for future research, emerging study clusters highlight important subjects like waste management and SMEs. The analysis is restricted to English-language articles and Scopus data, excluding other databases and document formats. Future studies could use more resources and databases, such as Web of Science, Gephi, and Springer, to further understanding. This review offers innovative qualitative methodologies and comprehensive insights by mapping academic works on waste management and green finance in SMEs. Moreover, it lays the groundwork for future research on the circular economy and sustainable development. It is a valuable resource for researchers and practitioners seeking to address the challenges of green finance and waste management of SMEs in Indonesia and ultimately promote sustainable practices in the construction industry.
Understanding Halal Food Consumption: A Systematic Literature Review of Theoretical Frameworks, Determinants, and Research Challenges (2018-2024) Fathurrohman, Yusuf Enril; Kontor, Enikő
Journal of Management and Business Review Vol 23, No 1 (2026)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v23i1.1036

Abstract

This study synthesizes current research on consumer behavior and purchase intention in the halal food sector by conducted a systematic literature review of 37 articles (2018-2024) from the Scopus database using the PRISMA approach. Results show that the TPB is the most frequently applied framework, often extended with additional variables. Key determinants of purchase intentions and decisions include TPB variables, religiosity, halal awareness, and halal certification. Despite these findings, the literature faces challenges such as small samples sizes, limited geographic coverage, over-reliance on TPB, and certification inconsistencies. The study contributes by consolidating current evidence on consumer behavior in the halal food sector and highlighting the pivotal roles of religiosity and halal awareness. Practically, findings guide businesses, policymakers, and marketers in designing targeted strategies, enhance consumer trust, and expanding halal food markets. Future research should adopt larger, more diverse samples, and cross-cultural analyses to address existing gaps.

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