Proceeding of International Conference on Finance, Economics, Management, Accounting, and Informatics (ICoFEMATICS)

Utilization of Augmented Reality (AR) in Learning for Students with Special Needs

Tue, 05 Aug 2025 00:00:00 +0700

This study is a literature review aimed at exploring the utilization of Augmented Reality (AR) technology in the education of students with special needs. A systematic literature review method based on the PRISMA protocol was employed, with sources collected from databases such as Scopus, ScienceDirect, Google Scholar, and Sinta. A total of 15 selected articles met the inclusion criteria, which included a focus on AR in special education and publication years between 2015 and 2024. The results show that AR helps students with special needs, such as those with intellectual disabilities, autism spectrum disorder, and visual impairments, pay more attention, understand concepts better, and be more motivated to learn. Furthermore, research demonstrates that AR fosters student independence and engagement by utilizing interactive visuals and immersive learning experiences. This review recommends broader integration of AR into inclusive education curricula and draws attention to the importance of teacher training in AR-based instructional methods. Future research is encouraged to develop AR applications tailored to specific student needs and to empirically evaluate their effectiveness across educational levels.

Web-Based Collector Performance Scoring System for Banking Institutions

Hegi Audria Sitorus, Jamaluddin Jamaluddin, Eva Julia G. Harianja — Tue, 05 Aug 2025 00:00:00 +0700

This study develops a web-based collector performance assessment system utilizing scoring methodologies aligned with confidential banking institutional parameters. The evaluation framework integrates quantitative metrics (personal performance and ratings), qualitative indicators (login discipline and productivity alignment), and supplementary measures (warning letters and complaint records). Developed using the Flask framework, the system underwent validation with operational data from approximately 1,000 collectors across multiple work units. The platform standardizes assessment workflows through automated data cleaning, adjustment procedures, and report generation with real-time visualization capabilities. User Acceptance Testing yielded satisfactory outcomes, confirming the system's effectiveness in minimizing human error, delivering accurate summaries for contract renewal decisions and Performance Improvement Plan monitoring, while ensuring consistent scoring methodology across organizational units.

Implementation of BFS and DFS Algorithms to Support Operational Decisions in Higher Education Information Systems

Fahmi Ruziq, Baginda Harahap, Zamarul Hisyam, Danu Pramana — Tue, 05 Aug 2025 00:00:00 +0700

In higher education, effective academic planning plays a crucial role in supporting student success and institutional efficiency. This study explores the implementation of Breadth First Search (BFS) and Depth First Search (DFS) algorithms to support operational decision-making in academic information systems. These graph-based algorithms are utilized to model curriculum structures, particularly in identifying optimal paths between prerequisite courses. BFS is applied to determine the shortest academic paths, while DFS is employed to explore deeper learning trajectories. Using real curriculum data from a university information system, both algorithms were tested to simulate course dependency mapping. The results demonstrate that BFS efficiently identifies minimum-step paths, which are helpful for academic advisors and students in planning semester schedules. On the other hand, DFS offers comprehensive insight into all possible course progressions. This research highlights the potential of algorithmic approaches to enhance the decision-making process in academic planning. Future developments may include integration with recommendation systems and predictive analytics to further support personalized learning paths.

Web-Based Sales Information System Design for Andre Florist

Joel Aribinata Ambarita, Eviyanti Novita Purba, Gortap Lumbantoruan — Tue, 05 Aug 2025 00:00:00 +0700

Andre Florist operates a flower sales and decoration service business relying on manual systems, resulting in transaction inaccuracies, order processing delays, and restricted customer accessibility. This research develops a web-based sales information system to enhance operational efficiency and customer service quality. Data collection employs literature reviews, observations, interviews, and document analysis to establish system requirements. The proposed system incorporates product management capabilities, online ordering functionality, inventory control mechanisms, and real-time sales reporting features. Implementation of this web-based solution aims to expand marketing reach, improve data accuracy, and streamline transaction management for informed business decision-making at Andre Florist.

The Traditional Leadership Model of Nias as a Pillar of Local Wisdom in Strengthening Cultural Identity and Character Education

Eliyunus Waruwu, Yeni Absah, Robert Sibarani, Beby Karina F. Sembiring — Tue, 05 Aug 2025 00:00:00 +0700

This article explores the traditional leadership model of the Nias people in North Sumatra as a vital source of local wisdom for strengthening cultural identity and character education. Rooted in ancestral customs, the Nias leadership structure, centered on the role of Si’ulu (hereditary chiefs) and supported by Si’ila (a council of elders), is deeply integrated into the community's cultural, moral, and social fabric. Through ethnographic analysis and a literature review. This research argues that the principles and practices of Nias leadership offer valuable frameworks for character education, particularly in the context of Indonesia's national efforts to strengthen civic and moral values in schools. The study concludes that integrating traditional leadership values into educational and community-based programs can revitalize indigenous heritage, foster intercultural understanding, and build character rooted in local wisdom. As such, the Nias leadership model remains highly relevant to contemporary cultural preservation and educational innovation.

Understanding Online Purchasing Behavior: The Role of Price, Promotion, and Product Reviews on The Shopee Platform

Rica Ariani Br. Sinaga, Mislan Sihite, Jon Henri Purba — Tue, 05 Aug 2025 00:00:00 +0700

This study examines how price, promotion, and product reviews influence purchasing decisions among Management Study Program students at Methodist University of Indonesia who use the Shopee platform. Using a quantitative approach, data was gathered through questionnaires distributed to 89 participants. Multiple linear regression analysis was employed to analyze the data. Results indicate that price and product reviews have positive and significant effects on purchasing decisions, while promotions show no significant impact. The combined effect of all three variables produces meaningful results with an R² coefficient of 0.607, suggesting that 60.7% of purchase decision variance can be explained by the model. These findings offer valuable insights for developing e-commerce strategies, particularly regarding pricing strategies and product review management to enhance consumer purchasing decisions.

Building Excellence Through Collaborative Leadership, Teamwork, and Supervision of Employee Performance at DPRD Pematangsiantar

Shopy Hutagaol, Mislan Sihite, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This investigation examines how collaborative leadership, teamwork, and work supervision influence employee performance at the Pematangsiantar City DPRD Office. Utilizing a quantitative methodology, data was collected through questionnaires distributed to 32 employees. Multiple linear regression analysis was employed for data examination. Results demonstrate that collaborative leadership, teamwork, and work supervision each exhibit positive and significant effects on employee performance individually. The F-test confirms that all three variables collectively produce significant impacts. The adjusted R-squared value of 0.652 indicates that 65.2% of employee performance variations can be explained by these three variables, while the remaining 34.8% is influenced by other factors beyond the research model. These findings highlight that collaborative approaches, team synergy, and effective work supervision are crucial elements in enhancing employee performance within public sector organizations.

How Teamwork, Competency, and Work Environment on Employee Performance at BPJS Ketenagakerjaan in Medan, Indonesia

Anna Belinda Sirait, Elperida J. Sinurat, Kristanty M. N. Nadapdap — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates the influence of teamwork, competency, and work environment on employee performance within BPJS Ketenagakerjaan Kota Medan during the period 2022-2024. Employing quantitative methodology with descriptive analysis, the study examines 33 employees through comprehensive data collection. Statistical analysis reveals that teamwork demonstrates significant positive effects on employee performance, competency exhibits substantial positive influence on performance outcomes, and work environment maintains significant positive relationships with employee effectiveness. Simultaneous analysis confirms that teamwork, competency, and work environment collectively exert meaningful influence on employee performance metrics. The coefficient of determination shows that these variables account for 84.5% of the variation in performance, while the other 15.5% is due to factors that have not been studied yet. These findings emphasize the critical importance of collaborative work systems, professional competency development, and conducive work environments in enhancing organizational performance within Indonesia's social security sector.

Work Experience, Facilities, and Skills Influence on Employee Performance

Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of work experience, work facilities, and skills on employee performance at BPJS Ketenagakerjaan Medan City Branch. Using quantitative methodology with 100 respondents and multiple linear regression analysis, findings demonstrate significant positive effects: work experience (t = 6.149, p < 0.05), work facilities (t = 2.280, p = 0.025), and skills (t = 3.215, p = 0.002) all significantly impact employee performance. The F-test confirms collective significance (F = 100.280, p < 0.001), with adjusted R² = 0.751, explaining 75.1% of performance variance. Results emphasize comprehensive human resource development strategies combining experiential learning, infrastructure investment, and competency enhancement for optimal performance outcomes in public sector organizations.

Empirical Study on The Influence of Product Design and Emotional Brand on Purchase Decisions

Fitria Halim, Nana T. Nainggolan , Lora Ekana Nainggolan, Darwin Lie — Tue, 05 Aug 2025 00:00:00 +0700

The K-pop industry has undergone tremendous development in the past two decades, making it one of the most influential global cultural phenomena. K-pop has not only managed to capture the attention of fans in South Korea but also around the world. This popularity has not only increased the number of fans, but it has also created a significant market for merchandise, from albums and clothing to accessories related to idols. This sample research was carried out using the purposive sampling criteria technique, namely Fandom Seventeen (Carat) in Medan City, with as many as 71 respondents. The results of the research are as follows: 1. Product design and emotional branding have a positive impact on purchasing decisions. 2. H0 is rejected, meaning that product design and emotional branding have a positive and significant impact on the purchase decision of Seventeen merchandise.

Employee Welfare, Work Environment, and Interpersonal Relations Impact on Productivity

Tue, 05 Aug 2025 00:00:00 +0700

This research examines how employee welfare, work environment, and interpersonal relations influence work productivity at BPJS Ketenagakerjaan Toba Samosir Balige Branch. Using quantitative methodology with 99 respondents and multiple linear regression analysis, findings reveal significant positive effects: employee welfare (t = 5.158, p < 0.05), work environment (t = 3.973, p < 0.05), and interpersonal relations (t = 3.010, p < 0.05) all significantly impact productivity. The F-test demonstrates collective significance (F = 97.660, p < 0.001), with adjusted R² = 0.747, explaining 74.7% of productivity variance. Results emphasize integrated human resource management strategies for enhancing organizational productivity in Indonesian public sector institutions.

Employee Competence and Work Environment Influence on Employee Performance

Aprilia Sindi Natha Br. Sitepu, Toman E. Panggabean, Kristanty M. N. Nadapdap — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of employee competence and work environments on employee performance at the Legal Bureau of the North Sumatra Governor's Office. Using quantitative methodology with saturated sampling and multiple linear regression analysis, findings reveal contrasting effects: employee competence shows no significant impact (t = 0.590, p = 0.559), while work environment demonstrates significant positive influence (t = 7.511, p < 0.001). The F-test confirms collective significance (F = 69.444, p < 0.001), with adjusted R² = 0.787, explaining 78.7% of performance variance. Results emphasize environmental factors over individual competencies in determining performance outcomes within public sector legal institutions, suggesting organizational context significantly moderates competence-performance relationships.

Live Shopping and Product Quality Impact on Originote Purchase Decisions: Management Students Study

Trinita Ompusunggu, Toman E. Panggabean, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the influence of live shopping and product quality on purchasing decisions for Originote products among Management Study Program students at Methodist University of Indonesia. Employing a quantitative approach through survey methodology, data was collected from 50 student respondents. The results show that both live shopping and product quality have positive and significant effects on buying decisions, whether looked at separately or together, with an adjusted R² of 0.635. These factors explain 63.5% of consumer purchasing decisions. The findings emphasize the significance of interactive digital marketing strategies and consistent product standards in influencing consumer behavior. This research contributes valuable insights for marketing strategy formulation by highlighting the crucial role of live shopping and product quality in purchase decision-making.

Training, Orientation, and Career Development Effects on Employee Performance

Favian Kalyana, Toman E. Panggabean, Maludin Panjaitan — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how training programs, work orientation, and career development influence employee performance at BPJS Kesehatan Medan Branch. Employing a quantitative descriptive methodology, data were collected from 52 employees through structured questionnaires. Multiple linear regression analysis indicates that training (t=4.983, p<0.05) and career development (t=2.841, p<0.05) significantly improve employee performance, whereas work orientation (t=1.535, p>0.05) shows no significant effect. The simultaneous F-test (F=62.043, p<0.05) confirms that all three variables collectively influence performance significantly. The model explains 78.2% of performance variation (adjusted R²=0.782), with the remaining variance attributed to unexamined factors. Findings suggest prioritizing practical training initiatives and transparent career advancement mechanisms while restructuring orientation programs to emphasize operational competencies and organizational culture integration for enhanced performance outcomes.

Work Discipline, Environment, and Training Effects 0n Bank Employee Performance

Indah Cryst Sinaga, Toman E. Panggabean, Henri Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates work discipline, work environment, and training influences on employee performance at PT Bank Sumut Pangururan Branch. Employing descriptive quantitative methodology with saturated sampling techniques, all thirty-five employees participated in this study during 2024-2025. Data collection utilized structured questionnaires measured through five-point Likert scales, with multiple linear regression analysis conducted using SPSS version 26. Findings demonstrate that work discipline, work environment, and training collectively explain 89.5% of performance variance. Individually, all three variables significantly affect employee performance, with work environment exhibiting the strongest influence. These results provide critical insights for banking sector human resource management strategies, emphasizing integrated approaches combining disciplinary frameworks, supportive workplace conditions, and continuous skill development programs.

Organizational Culture, Work Relationships, and Leadership Influence on Employee Performance: Work Environment as Moderator

Cici Abigael Pandiangan, Anton A. P. Sinaga, Henri Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates organizational culture, work relationships, and leadership style effects on employee performance within Dairi Regency's Regional Secretariat Office, examining work environment moderation. Utilizing quantitative methodology through purposive sampling, 60 employees from 151 total staff participated. Structural equation modeling via SmartPLS analyzed relationships among variables. Findings reveal organizational culture, work relationships, and leadership style significantly enhance employee performance positively. Work environment moderates organizational culture, and leadership style influences but fails to moderate work relationships' impact on performance outcomes. These contributions advance employee behavioral understanding and provide human resource management strategic implications for public sector organizations.

Workload, Compensation, Career Development, and Leadership Effects on Employee Performance at BPJS Employment

Cecilia Herlina S., Sahat P. Remus Silalahi, Maludin Panjaitan — Tue, 05 Aug 2025 00:00:00 +0700

This research examines workload, compensation, career development, and leadership style influences on employee performance at BPJS Employment Medan Kota. Employing quantitative descriptive methodology, data were collected from 51 employees using census sampling. Multiple linear regression analysis reveals workload exerts negative insignificant effects, while compensation, career development, and leadership style demonstrate positive significant impacts on performance. Simultaneous testing confirms these four variables collectively affect employee performance significantly. The adjusted R-squared value of 0.674 indicates a 67.4% performance variance explanation by the studied variables, with the remaining 32.6% attributed to unexamined factors. Findings emphasize equitable compensation systems, career advancement opportunities, and effective leadership practices as critical performance enhancement strategies within social security organizations.

Placement, Self-Efficacy, and Job Satisfaction Effects on Employee Performance

Dina Emil Indriana Telaumbanua, Elperida J. Sinurat, Tiur Rajagukguk — Tue, 05 Aug 2025 00:00:00 +0700

Employee placement optimization, self-efficacy enhancement, and job satisfaction improvement constitute critical determinants influencing performance effectiveness within public sector organizations. This research examines placement practices, self-efficacy beliefs, and job satisfaction impacts on employee performance at the North Sumatra Provincial Inspectorate Office. Employing quantitative methodology with a saturated sampling approach, 61 functional auditors participated as research subjects. Data analysis utilizes the multiple linear regression technique. Empirical findings reveal placement, self-efficacy, and job satisfaction exert positive and significant influences on employee performance both partially and simultaneously, explaining 56.1% performance variance with the remaining 43.9% attributed to unexamined organizational factors.

Corporate Image, Product Quality, and Price Effects on Herbal Product Purchase Decisions

Mikha Elisabeth Jesvia Pasaribu, Mislan Sihite, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

Consumer decision-making processes regarding herbal product purchases constitute critical determinants influencing business sustainability within the health product industry. This research examines corporate image, product quality, and price impacts on consumer purchase decisions at PT. Melia Sehat Sejahtera Medan. Employing quantitative methodology with a purposive sampling technique, 62 consumers participated as research respondents. Data analysis utilizes multiple linear regression techniques, including validity, reliability, and classical assumption tests. Empirical findings reveal product quality and price exert positive and significant influences on purchase decisions, while corporate image demonstrates a positive but insignificant effect. Simultaneously, all variables significantly influence purchase decisions, explaining 41.7% variance, with the remaining 58.3% attributed to unexamined factors.

Work-Life Balance, Stress, and Environment Impact on Job Satisfaction at BPJS Employment Medan

Fedora Elisabeth, Elperida J. Sinurat, Kristanty M. N. Nadapdap — Tue, 05 Aug 2025 00:00:00 +0700

This research examines how work-life balance, occupational stress, and workplace conditions influence employee satisfaction at BPJS Ketenagakerjaan Medan Branch. Using quantitative methodology, data from 33 employees were analyzed. T-test results reveal that all three variables significantly affect satisfaction levels. Work-life balance showed t-calculated 2.175 > t-table 2.048 (p=0.038), occupational stress yielded t-calculated 2.177 > t-table 2.048 (p=0.038), and workplace conditions produced t-calculated 2.219 > t-table 2.048 (p=0.034). The F-test confirms simultaneous significance. The adjusted R² of 0.523 indicates these factors explain 52.3% of satisfaction variance.

Individual Traits, Organizational Climate, and Career Advancement Effects on BPJS Employment Performance

Putri Sion Butar-Butar, Sondang N. B. Marbun, Kristanty M. N. Nadapdap — Tue, 05 Aug 2025 00:00:00 +0700

This investigation analyzes how individual traits, organizational climate, and career advancement influence workforce performance at BPJS Employment Medan. Utilizing quantitative methodology with 33 participants, t-test analysis indicates individual traits (t=5.668>2.045; p=0.000) and career advancement (t=4.121>2.045; p=0.000) significantly enhance performance. Organizational climate showed no significant impact (t=0.023<2.045; p=0.982). F-test results (F=41.003>2.93; p=0.000) confirm simultaneous significance. The model explains 79% performance variance (Adjusted R²=0.790).

Quality of Work Life, Career Development, and Interpersonal Communication Effects on Employee Performance

Aurel Glory Estefania Purba, Sondang N. B. Marbun, Tiur Rajagukguk — Tue, 05 Aug 2025 00:00:00 +0700

Employee performance optimization within public sector organizations constitutes a critical determinant influencing institutional effectiveness and service delivery quality. This research examines the quality of work life, career development, and interpersonal communication impacts on employee performance at the North Sumatra Provincial Inspectorate Office. Employing quantitative methodology with the saturated sampling technique involving 61 functional auditors, data analysis utilizes multiple linear regression. Empirical findings reveal quality of work life, career development, and interpersonal communication exert positive and significant influences on employee performance both partially and simultaneously, explaining 81.1% performance variance with the remaining 18.9% attributed to unexamined organizational factors. These findings underscore human resource management strategies prioritizing improvements in work environment quality, facilitation of professional development, and cultivation of effective communication.

Work-Life Balance, Workload, and Compensation Effects on Employee Performance

Sevvy Ginting, Mislan Sihite, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

Employee performance optimization represents a critical organizational success factor requiring a comprehensive understanding of influencing variables. This research examines work-life balance, workload, and compensation impacts on employee performance at PT Rantai Laut Medan. Employing quantitative methodology with the census sampling technique, 32 employees participated as research subjects. Data analysis includes multiple linear regression with classical assumption tests. Empirical findings reveal work-life balance and compensation exert positive and significant influences on employee performance, while workload demonstrates no significant effect. Simultaneously, all variables significantly affect performance, explaining 62.5% variance, with the remaining 37.5% influenced by unexamined factors.

Digital Marketing, Brand Image, Price Effects on Tiktok Skintific Buying Interest Among Students

Chelsea Stellina, Selfen Jennie Jasmine — Tue, 05 Aug 2025 00:00:00 +0700

This study attempts to investigate how pricing, brand image, and digital marketing impact students from the class of 2022 at Mikroskil University's interest in purchasing Skintific products through the TikTok Shop. TikTok has become one of the most beneficial digital marketing platforms for brands, especially those in the Skintific business. Brand image and pricing are crucial to generating consumer trust and interest in these products. Saturation sampling is the sampling technique, and a questionnaire is used to collect data. The SmartPLS 3.2.9 application is used for data analysis. The results indicate that digital marketing has a positive and significant impact on purchasing interest. On the contrary, the study indicates that pricing and brand image have negative impacts and have no bearing on consumers' desire to buy. We can conclude that only digital marketing positively and significantly impacts buying interest in this context.

Digital Transformation of MSMEs: Inclusion, Readiness, and Innovation Toward a Sustainable Economic Ecosystem

Sunday Ade Sitorus, Orlando Steven, Nalom Siagian — Tue, 05 Aug 2025 00:00:00 +0700

This study evaluates the interrelationship between digital readiness, digital inclusion, and digital transformation on business model innovation and the sustainability of local economies among culinary Micro, Small, and Medium Enterprises (MSMEs) in Medan, Indonesia. Employing a quantitative approach grounded in the TOE Framework and the Digital Ecosystem Innovation Model (DEIM), data were gathered from 250 respondents via closed-ended questionnaires and analyzed using Structural Equation Modeling with Partial Least Squares (SEM-PLS). The findings indicate that both digital readiness and digital inclusion significantly influence business model innovation. Moreover, the digital business ecosystem serves as a mediating variable that links digital transformation with sustainable economic outcomes. The practical implications of this research emphasize the importance of community-based digital empowerment strategies and inclusive policy interventions to foster equitable technological adoption.

Smart Strategy in the Digital Era: The Influence of Marketing Content Quality and Social Media Interaction on Generation Z Customer Loyalty to The Beauty Brand Ms. Glow

Tue, 05 Aug 2025 00:00:00 +0700

The development of digital technology and the increasing use of social media have driven significant changes in marketing strategies, especially for the beauty industry. This study aims to analyze the effect of marketing content quality and social media interactions on Generation Z customer loyalty to the Ms. Glow beauty brand in Medan City. Generation Z was chosen as the focus of the study because they are the most active and responsive group to digital communication and have increasing purchasing power. The research method used is a quantitative approach with a survey technique by distributing questionnaires to 150 respondents who meet the criteria, namely active social media users and have used Ms. Glow products. Data were analyzed using multiple linear regression to test the simultaneous and partial effects between independent and dependent variables. The results showed that both marketing content quality and social media interactions have a positive and significant effect on customer loyalty. The quality of content that is informative, visually appealing, and consistent with the brand image has been shown to increase positive customer perceptions. Meanwhile, active and responsive social media interactions also contribute greatly to building emotional closeness and customer engagement with the brand. Simultaneously, both variables explain more than 60% of the variation in customer loyalty. These findings indicate that digital strategies based on quality content and authentic interactions are essential in maintaining the loyalty of young consumers. Therefore, beauty brands like Ms. Glow need to continue to strengthen their presence on social media with a relevant and communicative approach to stay competitive in the digital market.

Moderating Role of Tourist Site Development in the Relationship Between Hotel Occupancy and Tourism Revenue: Evidence from Samosir Regency, Indonesia

Junika Napitupulu, Tiur Rajagukguk, Toman E. Panggabean — Tue, 05 Aug 2025 00:00:00 +0700

Tourism has become one of the main economic pillars for regional development in Indonesia, particularly in areas with natural destinations like Samosir Regency. However, post-pandemic recovery challenges and underdeveloped attractions continue to hinder tourism income optimization. This study examines how hotel occupancy and tourist arrivals affect tourism sector revenue, with the number of tourist attractions acting as a moderating variable. This quantitative research employed a descriptive approach using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study used purposive sampling from a population of 305,203 tourists in 2025, yielding 250 valid responses. Constructs measured included hotel occupancy rates, number of tourist visits, number of tourist sites, and tourism revenue. Validity and reliability were confirmed through convergent validity, composite reliability, and path coefficient analysis. Findings show that both hotel occupancy and tourist arrivals significantly influence tourism revenue (p < 0.05). Furthermore, the number of tourist sites significantly moderates the effect of these variables on revenue generation. R-square values indicate that over 85% of the variance in tourism revenue can be explained by the model. The increase in available and attractive tourist sites strengthens the relationship between the independent and dependent variables. These results highlight the strategic importance of developing and diversifying tourist sites in increasing regional tourism income. Stakeholders, including government and private sector investors, are encouraged to improve tourism infrastructure and hospitality services to enhance destination competitiveness and economic returns.

Pricing, Testimonials, and Service Quality Effects on Public Transport Customer Satisfaction

Alisya Agitha Br. Surbakti, Toman E. Panggabean, Rintan Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of pricing, customer testimonials, and service quality on customer satisfaction among Almasar Bus users in Medan. Employing a quantitative approach with 100 respondents selected through accidental sampling, data were analyzed using multiple linear regression, t-test, F-test, and coefficient of determination. Partial test results indicate that pricing and customer testimonials demonstrate no significant effect on customer satisfaction, whereas service quality exhibits significant positive influence. Simultaneously, all three variables collectively affect customer satisfaction significantly. The adjusted R-squared value of 0.144 indicates that these variables explain 14.4% of customer satisfaction variation, with the remaining 85.6% attributable to other unexplored factors. Findings emphasize the critical importance of service quality enhancement in elevating customer satisfaction levels within public transportation contexts.

Competence, Internal Communication, and Organizational Culture Effects on Employee Performance at KSP CU. Budi Murni

Agnesia Sinaga, Rasmulia Sembiring, Henri Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This research examines competence, internal communication, and organizational culture impacts on employee performance at Savings and Loan Cooperative CU. Budi Murni Aek Kanopan, North Labuhanbatu Regency. Employing quantitative methodology with 39 employee respondents, the study investigates performance determinants through questionnaire-based primary data collection. Multiple linear regression analysis reveals significant positive relationships between competence and performance (t-value: 3.270, significance: 0.002). The determination coefficient (R²=0.451) demonstrates that independent variables explain 45.1% of performance variance, with competence emerging as the dominant predictor. Findings confirm that workforce capability development, communication infrastructure, and cultural alignment enhance organizational effectiveness, supporting sustainable cooperative performance in agricultural communities.

Integrated Islamic Spiritual Care as a Business Strategy in Siaga Al Munawwarah Hospital

Muhammad Sadik Sahil, Herning Indriastuti — Tue, 05 Aug 2025 00:00:00 +0700

This study found that Siaga Al-Munawwarah Hospital has implemented Integrated Islamic Spiritual Care (IISC) as part of its patient services. ISC is not only seen as a complement to medical services but also as a strategic tool in building an image, increasing patient loyalty, and differentiating the hospital from competitors. However, ISC has not been fully integrated into the hospital's formal business management system. Evaluation of its impact on strategic indicators is still limited, and organizational support for the sustainability of the spiritual care program needs to be strengthened.

How Brand Image, Brand Loyalty, Promotion, and Product Quality on the Buying Decision of Apple Smartphones Among Management and Accounting Students Methodist University of Indonesia (Batch 2021-2022)

Stela Chintia Laura, Rasmulia Sembiring, Henri Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to examine the influence of brand image, brand loyalty, promotion, and product quality on the buying decisions of Apple smartphones among students of the Management and Accounting programs, class of 2021–2022 at Universitas Methodist Indonesia. This research methodist used is descriptive quantitative with a total of 90 respondents. The t-test results indicate that brand image, brand loyalty, promotion, and product quality each have a significant partial effect on buying decisions. The f -test results show that all four variables simultaneously have a significant effect on buying decisions. The adjusted R square value is 0.695, indicating that 69.5% of the variation in buying decisions is influenced by the four variables, while the remaining 31.5% is explained by other factors not included in this study.

Bridging The Skills Gap: Examining the Effect of Soft and Digital Competencies on Job Readiness of Management Students

Lira Sofitania Situmorang, Elperida J. Sinurat, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This study addresses the high rate of educated unemployment in Indonesia and the mismatch between university graduates' skills and industry demands, which hinders students' readiness to enter the workforce. The research investigates the influence of leadership skills, communication skills, adaptability skills, and digital skills on students’ job readiness. A quantitative associative approach was applied, involving 179 respondents from the 2021 cohort of the Management Study Program, Faculty of Economics, Universitas Methodist Indonesia, selected through purposive sampling. Data were analyzed using multiple linear regression with SPSS version 26. The results show that leadership, communication, and adaptability skills have a positive and significant impact on job readiness, while digital skills have a positive but not significant effect. Simultaneously, all four skills significantly influence job readiness. These findings suggest that improving these competencies can enhance students’ preparedness for the workforce.

The Influence of Technology Readiness and Perceived Ease of Use on the Decision to Use QRIS as a Digital Payment through Perceived Utility

Rizky Khotijatul Mahgfiroh, Herning Indriastuti — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to test and analyze how technology readiness and perceived ease of use influence the decision to use QRIS as a digital payment through the perception of usefulness and benefits. The population in this study is the people who are QRIS users for digital payments. The sampling technique in this study used a nonprobability sampling technique, namely the purposive sampling method with a sample size of 138 respondents via Google Form. This study is quantitative, using Structural Equation Modeling (SEM), which is a technique used to analyze data with the help of AMOS software. The results showed that technological readiness had a significant positive effect on the decision to use, perceived ease of use had a positive but insignificant effect, and there were two hypotheses mediated by perceived usefulness with significant positive results.

Community-Based Ecotourism and the Green Economy: A Synergistic Approach to Sustainable Development

Anton A. P. Sinaga — Tue, 05 Aug 2025 00:00:00 +0700

The urgency for sustainable tourism development has intensified due to increasing ecological degradation and social inequality driven by conventional tourism models. This study aims to explore the synergistic integration between Community-Based Ecotourism (CBE) and the Green Economy (GE) approach as a strategic pathway toward holistic sustainable development. Employing an exploratory qualitative approach, this research was conducted in two distinct locations: Sumberbendo Ecotourism Village (Indonesia) and Binh Son Coastal Ecotourism Area (Vietnam). Findings reveal that the integration of CBE and GE generates significant benefits across four key dimensions: social, economic, environmental, and institutional. Socially, there was a marked increase in community participation, including the empowerment of vulnerable groups such as women and youth. Economically, local income diversification and the rise of small-scale green entrepreneurship were evident. Environmentally, both sites demonstrated successful ecosystem rehabilitation, waste reduction, and adoption of green technologies. Institutionally, a collaborative governance model was established involving communities, local governments, and private stakeholders. However, several challenges persist, such as limited access to green technology, dependency on external funding during early implementation, and benefit distribution conflicts. Nevertheless, community adaptive capacity and the presence of enabling policies played a pivotal role in overcoming these constraints. This study proposes an integrative conceptual framework grounded in participatory action, ecological efficiency, and inclusive governance as a strategic reference for replicating sustainable ecotourism models in other Global South regions. The findings offer both theoretical contributions to sustainable tourism literature and practical implications for policymakers and development practitioners seeking community-centered green transformation.

The Influence of Digital Capability-Based Work Culture as A Mediator of Transformational Leadership, Teamwork, and Achievement Motivation in Improving Lecturer Performance

Mislan Sihite, Elisabeth Siahaan, Yeni Absah, Parapat Gultom — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the impact of transformational leadership, teamwork, and achievement motivation on lecturer performance, with digital capability-based work culture as a mediating variable. Utilizing Structural Equation Modeling (SEM) with SmartPLS, data were collected from lecturers to analyze the relationships among the constructs. The results indicate that transformational leadership, teamwork, and achievement motivation significantly influence digital capability-based work culture. Additionally, digital capability-based work culture positively affects lecturer performance and partially mediates the effects of transformational leadership and teamwork, while fully mediating the effect of achievement motivation. The findings highlight the importance of fostering a digital-oriented work environment to enhance lecturer performance. Practical implications suggest that institutions should invest in digital infrastructure and training programs to strengthen lecturers' digital capabilities, thus improving their teaching effectiveness and research productivity. The study contributes to the literature by integrating digital capability-based work culture into the leadership and performance framework, offering a comprehensive understanding of its role in higher education institutions.

Influence of Ownership Structure and Company Scale on Dividend Distribution with Debt Management Mediation

Tue, 05 Aug 2025 00:00:00 +0700

This investigation examines the influence of ownership composition and corporate size on dividend distribution policies, with debt management acting as a mediating variable. The study analyzes mining companies listed on the Indonesia Stock Exchange between 2020 and 2023. Employing purposive sampling techniques, 23 corporations were examined using Structural Equation Modeling (SEM) through WarpPLS 8.0 software. Results demonstrate that ownership composition and corporate size exhibit positive effects on dividend distribution, while ownership structure shows negative associations with debt management. Furthermore, debt management serves as a mediating factor in the relationship between ownership structure and dividend distribution. These findings highlight the importance of balancing ownership composition with debt management strategies to optimize dividend decision-making. The study provides essential insights for corporate executives and stakeholders in developing effective financial strategies.

Factors Affecting the Profitability of Real Estate Companies Listed on the Stock Exchange in Vietnam

Thi Minh Trang Lai, Song Hoa Vu, Thi Huong Tra Le — Tue, 05 Aug 2025 00:00:00 +0700

In early 2024, Vietnam's real estate market is forecast to have development potential and will change and progress significantly well; this will also be the year that lays the foundation for a new cycle. Understanding factors affecting profitability of real estate firms on the Stock Exchange will help investors, regulators, and businesses have a clearer view of the potential and risks of the real estate market. This article studies the factors affecting the profitability of 44 real estate firms listed on the Vietnamese Stock Exchange in the period 2018-2023 using 3 regression models: OLS, FEM, and REM. The results show that financial leverage has a negative impact on the profitability of real estate businesses; on the contrary, asset structure, liquidity, and revenue growth rate have a positive influence.

Do Profitability and Investment Opportunities Signal Firm Value? Evidence From Indonesia’s Consumer Non-Cyclicals Sector

Eka Nia Suherti Br. Ginting, Robinhot Gultom, Winarto Winarto — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how profitability, measured through Return on Assets (ROA), and Investment Opportunity Set, assessed via Market Value to Book Value of Equity (MVBVE), influence Firm Value as indicated by Price to Book Value (PBV). The study addresses fluctuations in firm value driven by profitability metrics and investment opportunity set. Employing a quantitative methodology with a causal-comparative design, the research utilized secondary data from 125 consumer non-cyclical enterprises listed on the Indonesia Stock Exchange between 2019 and 2023. Through purposive sampling, 36 companies were selected, and analysis was conducted using PLS-SEM methodology via WarpPLS 8.0 software. Results demonstrate that both profitability and investment opportunity sets exert positive and statistically significant impacts on firm value. This study enhances signaling theory understanding within Indonesia's capital market framework.

From Profit to Payout: Unraveling Financial Influences on Dividend Policy in Indonesian Banks

Naomi Harahap, Robinhot Gultom, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how profit growth, leverage measured through DER, profitability assessed via ROA, and liquidity evaluated using LDR influence dividend policy indicated by DPR in Indonesian banking institutions. The central research problem addresses the variability in dividend policy patterns, as reflected in DPR fluctuations, which are influenced by corporate profit growth trajectory, leverage structure, profitability performance, and liquidity management. Employing a quantitative methodology with causal-comparative analysis utilizing secondary financial data, this investigation encompasses 47 banking sector entities registered on the Indonesia Stock Exchange spanning 2019-2023. Through purposive sampling methodology, 11 institutions were identified for detailed examination. Statistical analysis was performed using PLS-SEM methodology via WarpPLS 8.0 software. Research findings demonstrate that profit growth, leverage, and profitability exhibit statistically significant positive correlations with dividend policy formulation, while liquidity shows positive but statistically insignificant influence on dividend policy decisions.

Financial Ratios and Firm Size Impact on Corporate Value: Indonesian Consumer Goods Analysis

Seba Shabina Br. Sembiring, Hotlan Butar Butar, Selamat Siregar — Tue, 05 Aug 2025 00:00:00 +0700

This investigation analyzes how financial performance indicators and organizational scale influence corporate value within Indonesia's primary consumer goods sector during 2020-2023. Utilizing Indonesia Stock Exchange data, the research measures liquidity through Current Ratio (CR), solvency via Debt to Equity Ratio (DER), operational efficiency using Total Asset Turnover (TATO), profitability through Return on Assets (ROA), and firm scale via natural logarithm of total assets. Corporate value assessment employs Tobin's Q ratio. Through purposive sampling methodology, 42 companies were selected for multiple linear regression examination. Results indicate that liquidity and solvency demonstrate no significant individual impact on firm value, while operational activity and firm size exhibit significant negative effects. Profitability shows significant positive influence on corporate valuation. Collectively, all variables demonstrate significant combined effects on firm value, emphasizing the multifaceted nature of value determination in Indonesia's consumer goods industry.

GCG, CSR and Profitability: Drivers of Firm Value in Indonesia’s Consumer Goods Industry

Bethceba Sulya Anugrah Panggabean, Robinhot Gultom, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This research examines how Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and profitability influence firm valuation within Indonesia's consumer goods industry. Using secondary panel data from 23 publicly traded companies spanning 2019-2023, multiple linear regression analysis with logarithmic transformation was employed. Results demonstrate that GCG exhibits a statistically significant negative impact on firm value, while CSR and Return on Assets (ROA) show significant positive influences. Collectively, these variables explain 57.7% of firm value variance. The findings indicate that financial performance and transparent CSR reporting serve as primary value creators, while governance effectiveness appears questionable in the Indonesian context.

Profitability, Size, Investment Decisions and Liquidity Effects on Property Firm Value

Febrima Ozora Br. Bangun, Hotlan Butarbutar, Saur Melianna — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of profitability, company size, investment decisions, and liquidity on firm value among Indonesian property and real estate companies in 2020–2023. Using Indonesia Stock Exchange data, the research measures profitability through Return on Assets (ROA), company size via natural logarithm of total assets, investment decisions using Price-to-Earnings Ratio (PER), and liquidity through Current Ratio (CR). Firm value is assessed using Tobin's Q. Through purposive sampling, 23 companies were selected for multiple linear regression analysis. Results indicate that profitability demonstrates significant positive effects on firm value, company size shows significant negative influence, liquidity exhibits significant negative impact, while investment decisions show no significant effect. Collectively, all variables significantly influence firm value, explaining the importance of financial management in property sector valuation.

Profitability Effect on Firm Value Through Dividend Policy Mediation in Indonesian Manufacturing Companies 2019-2023

Imianta Veronica Manik, Robinhot Gultom, Jon Henri Purba — Tue, 05 Aug 2025 00:00:00 +0700

This study provides empirical evidence regarding dividend policy's mediating role in the relationship between profitability and firm value in Indonesian manufacturing companies. Utilizing purposive sampling methodology, we examined 42 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023, resulting in 210 observations. The analysis employed WarpPLS version 8.0 software for PLS-SEM analysis. Our findings reveal that profitability (ROA), capital structure (DER), and dividend policy (DPR) demonstrate significant positive effects on firm value (PBV). Additionally, profitability exhibits a positive influence on dividend policy. The mediation analysis confirms that dividend policy successfully mediates the relationship between profitability and firm value. However, liquidity (CR) shows a significant negative impact on firm value, contradicting our initial hypothesis.

The Role of Profitability in Mediating Financial Performance and Company Values

Felixman Zebua, Jeudi A. T. P. Sianturi, Tiur Rajagukguk — Tue, 05 Aug 2025 00:00:00 +0700

This research seeks to demonstrate that profitability serves as a mediating factor in the relationship between asset growth and company value. The study population consists of companies within the Consumer Non-Cyclicals financial sector that are listed on the Indonesia Stock Exchange during the period 2019-2023. A purposive sampling approach was employed, resulting in a sample of 28 companies. Data analysis was conducted using WarpPLS version 8.0. The findings reveal that profitability successfully acts as a complete mediator in the relationship between asset growth and firm value.

The Effect of Profitability, Liquidity, and Capital Structure on Firm Value With Mediation of GCG

Agnes Lovika Br. Purba, Jeudi A. T. P. Sianturi, Rintan Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This study provides empirical evidence regarding good corporate governance (GCG) mediation in the relationship between profitability and firm value in Indonesian non-primary consumer goods companies. Utilizing purposive sampling methodology, we examined 26 non-primary consumer goods companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023, resulting in 130 observations. The analysis employed WarpPLS version 8.0 software for PLS-SEM analysis. Our findings reveal that profitability (ROA), liquidity (CR), and capital structure (DER) demonstrate significant positive effects on firm value (Tobin's Q). Additionally, profitability exhibits a positive influence on good corporate governance. The mediation analysis confirms that good corporate governance successfully mediates the relationship between profitability and firm value, providing crucial insights for strategic governance implementation in emerging markets.

Profitability, Capital Structure, and Dividend Policy Effects on Primary Consumer Goods Firm Value

Refelita Br. Hombing, Robinhot Gultom, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of profitability, capital structure, and dividend policy on firm value among primary consumer goods companies listed on the Indonesia Stock Exchange (2020–2023). Using purposive sampling, 13 companies were analyzed through secondary data from financial statements. Profitability was measured by Return on Assets (ROA), capital structure by Debt-to-Equity Ratio (DER), dividend policy by Dividend Payout Ratio (DPR), and firm value by Price to Book Value (PBV). Multiple linear regression results indicate that the three variables jointly have a significant effect on firm value. Individually, profitability and dividend policy significantly affect firm value, while capital structure has no significant effect. The findings offer insights for financial management and investment decisions in Indonesia’s primary consumer goods sector.

Electric Versus Conventional Vehicles: Economic Feasibility Analysis in Indonesian Logistics

Isnian Adiwijaya, Agus Purnomo, Melia Eka Lestiani — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the economic feasibility of electric versus conventional delivery vehicles in Indonesia's logistics sector, addressing the gap between environmental sustainability goals and financial viability concerns. Using Total Cost of Ownership (TCO) and Net Present Value (NPV) analysis, we analyzed operational data from PT Pos Indonesia's Karawang Branch over a five-year period. Cost components included initial investment, energy consumption, maintenance, insurance, taxes, and resale values. Results reveal conventional vehicles have lower TCO (IDR 72,452,343 versus IDR 75,008,120), but electric vehicles demonstrate superior long-term investment returns with positive NPV (IDR 53,832,465 versus negative IDR 524,074,394). Despite higher upfront costs, electric vehicles offer significant operational savings through reduced energy and maintenance expenses. These findings provide empirical evidence supporting electric vehicle adoption in Indonesian logistics, contributing to sustainable transportation policy development and corporate fleet management decisions.

Profitability as Mediator of Dividend and Size on Debt Policy (IDX, 2019-2023)

Tue, 05 Aug 2025 00:00:00 +0700

This research explores the mediating role of profitability in the relationship between dividend policy, firm size, and debt policy among companies listed on the Indonesia Stock Exchange in 2019–2023. Using purposive sampling methodology, 15 companies were selected and analyzed with WarpPLS 8.0 software for PLS-SEM analysis. The findings reveal that dividend policy negatively affects debt policy, firm size positively affects debt policy, and profitability mediates the relationship between dividend policy and debt policy. These results support both the pecking order and trade-off theories in explaining corporate debt decisions in the Indonesian financial sector.

Factors Influencing Strategic Management Accounting Application in Small and Medium Enterprises in Hanoi

Thi Minh Trang Lai, Huong Giang Nguyen — Tue, 05 Aug 2025 00:00:00 +0700

Strategic management accounting (SMA) is a development step of traditional management accounting with a future orientation and more outward-looking information, helping to greatly support the strategic process of businesses in today's competitive economy. To promote the application of SMA in Vietnamese businesses, understanding the factors that affect the application of SMA is necessary. The research was conducted combining qualitative and quantitative research to discover and test factors that affect the application of SMA in small and medium-sized enterprises (SMEs) in Hanoi. The results show that factors such as the characteristics of the business, the capacity of managers and accountants, information technology systems, business strategies, and the level of competition in the business environment have a positive influence on SMA.

Company Size Mediating Liquidity, Solvency, and Profitability Effects on Energy Firm Value

Serys Purnama Sari Lubis, Jeudi A. T. P. Sianturi, Saur Melianna — Tue, 05 Aug 2025 00:00:00 +0700

This research examines company size's mediating influence on the relationship between liquidity, solvency, profitability, and firm value within Indonesia's energy sector. Employing purposive sampling, we analyzed 18 energy companies listed on the Indonesia Stock Exchange from 2019 to 2023. Data analysis utilized WarpPLS software version 8.0 for SEM-PLS analysis. Results demonstrate that liquidity, solvency, and profitability simultaneously enhance firm performance. However, profitability alone does not significantly impact firm value directly. Company size successfully mediates the relationship between profitability and organizational value. The findings suggest that larger energy companies can better transform profitability gains into enhanced market valuation, highlighting the strategic importance of asset growth in value creation within Indonesia's energy sector.

Good Corporate Governance and Financial Performance Influence on Firm Value: Indonesian Infrastructure Sector Analysis

Catherine Audry Rebecca Marpaung, Mitha Christina Ginting, Ivo Maelina Silitonga — Tue, 05 Aug 2025 00:00:00 +0700

This investigation examines the influence of corporate governance mechanisms and financial performance on organizational value among infrastructure sector entities listed on the Indonesia Stock Exchange throughout 2020-2023. Through purposive sampling methodology, 31 corporations were identified from a population of 51 enterprises, generating 124 observations. Data obtained from annual financial disclosures were analyzed using SPSS version 26. Results indicate that institutional ownership demonstrates positive but statistically non-significant effects on organizational value, while the board of commissioners exhibits negative significant influence. Conversely, financial performance shows a positive significant impact. The determination coefficient reveals that independent variables collectively explain 11.8% of organizational value variation, with the remaining 88.2% attributed to unexamined factors.

The Impact of Environmental and Social Factors on Mining Firms' Financial Performance

Maria Astuti Br. Gurusinga, Dimita H. P. Purba, Yosephine N. Sembiring — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how environmental performance, environmental costs, and social responsibility influence financial performance in mining corporations. Utilizing purposive sampling, eleven mining enterprises listed on the Indonesia Stock Exchange during 2020–2023 were examined through secondary data analysis. Environmental performance was assessed using PROPER ratings, environmental costs through cost-to-profit ratios, social responsibility via the CSRI index, and financial performance through Return on Assets (ROA). Multiple linear regression analysis reveals that environmental performance significantly impacts financial performance (sig. 0.003 < 0.05), whereas environmental costs and social responsibility demonstrate no significant individual effects (sig. 0.413 and 0.867, respectively). However, simultaneous testing confirms all three variables collectively influence financial performance significantly (F-value 4.748, sig. 0.008). The model explains 24.3% of financial performance variation. These findings provide valuable insights for sustainable business strategies in the extractive industry sector.

Environmental Performance and Green Accounting Effects on Firm Value in Indonesian Consumer Goods Sector

Prengki Sahat Tua Pasaribu, Wesly Andri Simanjuntak, Arison Nainggolan — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates environmental performance and green accounting impacts on firm value within Indonesia's consumer goods sector. We used purposive sampling and multiple regression techniques to analyze ten companies listed on the Indonesia Stock Exchange between 2020 and 2023. The PROPER ratings measure of environmental performance shows a significant positive influence on firm value. Conversely, green accounting exhibits negative but statistically insignificant effects. The coefficient of determination reveals that these variables explain 20% of firm value variation, with the remaining factors attributed to unexamined variables. These findings contribute valuable insights for investors and management regarding sustainable practices' role in value creation and strategic decision-making processes.

Market Response to Financial Signals in Indonesia's Post-Pandemic Insurance Sector

Tue, 05 Aug 2025 00:00:00 +0700

This investigation examines market responses to financial signals within Indonesia's insurance sector during 2019-2023, emphasizing post-pandemic dynamics. Employing secondary data from 16 insurance companies listed on the Indonesia Stock Exchange, multiple linear regression analysis explores net profit, cash flow, and firm size effects on stock prices. Findings demonstrate that exclusively firm size significantly influences stock prices (β = 0.110, p = 0.028), whereas net profit and cash flow exhibit positive but statistically insignificant effects. These results validate signaling theory and reveal flight-to-quality investor behavior amid economic uncertainty. This research contributes substantially to understanding Indonesia's post-pandemic capital market dynamics, particularly within the insurance sector experiencing considerable transformation through economic disruption and regulatory intervention, emphasizing investor preference for stability indicators over short-term performance metrics during crisis recovery.

Financial Impact of CSR Practices and Public Ownership in Indonesian Plantation Sector

Tue, 05 Aug 2025 00:00:00 +0700

This investigation examines financial implications of corporate social responsibility disclosure and public ownership within Indonesia's plantation sector during 2020-2023. Employing purposive sampling of 11 firms listed on the Indonesia Stock Exchange, the study applies multiple linear regression analysis. CSR disclosure is measured using the GRI-G4 index, while financial performance is proxied by return on assets. Results demonstrate that CSR disclosure exhibits positive but statistically insignificant effects on financial performance (β = 7.259, p = 0.210), while public share ownership significantly and positively influences ROA (β = 0.228, p = 0.007). The combined model accounts for 17% of ROA variance, highlighting strategic yet nuanced roles of CSR and ownership structure in shaping financial outcomes.

Factors Affecting Investment Decisions in Capital Market Study Community

Octavia Nadeak, Mitha Christina Ginting, Farida Sagala — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates risk tolerance, overconfidence, and financial literacy influences on investment decisions within Methodist University Indonesia's capital market study community. Employing quantitative methodology with primary data, the study uses multiple linear regression analysis. Through purposive sampling, 50 respondents were selected and analyzed using SPSS version 26. T-test results reveal risk tolerance exerts negative significant effects, while overconfidence and financial literacy demonstrate positive significant effects on investment decisions. The F-test confirms all variables collectively exhibit significant simultaneous influence. The adjusted R² of 0.529 indicates a 52.9% variance explanation, with the remaining factors unexplored.

Factors Affecting Budget Absorption in North Tapanuli Agency

Anna Canria Siburian, Mulatua P. Silalahi, Arison Nainggolan — Tue, 05 Aug 2025 00:00:00 +0700

This research examines budget planning, budget implementation, and goods/services procurement process influences on budget absorption at the North Tapanuli Regional Finance and Assets Agency. Employing quantitative descriptive methodology, the study utilizes purposive sampling among agency employees. Data collection involves questionnaire distribution and literature review, analyzed through multiple linear regression using SPSS version 26. Results demonstrate that all three independent variables exert positive and significant effects on budget absorption, both simultaneously and partially. The determination coefficient indicates a 41.2% variance explanation for these variables, with the remaining 58.8% influenced by unexamined factors.

The Effect of Capital Structure, CSR, and Financial Performance on Industrial Firm Value 2019-2023

Tantri Yunita Nahampun, Hotlan Butarbutar, Selamat Siregar — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the influence of capital structure, corporate social responsibility (CSR), and financial performance on firm value within Indonesia's industrial sector companies. The research examines 20 industrial companies listed on the Indonesia Stock Exchange during 2019-2023 using purposive sampling methodology. Capital structure is measured using Debt to Equity Ratio (DER), CSR activities through Corporate Social Responsibility Index (CSRi), financial performance via Return On Assets (ROA), and firm value using Tobin's Q. Multiple linear regression analysis reveals that DER and ROA demonstrate statistically significant positive effects on firm value, while CSR exhibits a significant negative relationship. The findings suggest that optimal capital structure management and efficient asset utilization enhance firm valuation, whereas extensive CSR disclosures may potentially impose financial burdens. This research contributes empirical evidence from Indonesia's emerging market context, providing valuable insights for corporate financial management strategies in developing economies.

Company Size, Leverage, and Profitability Effects on Internet Financial Reporting

Mitha Christina Ginting, Herlin Tresia Perbina Br. Sitepu, Farida Sagala — Tue, 05 Aug 2025 00:00:00 +0700

Financial information reporting via the internet has become an important means for business entities that present financial data through digital platforms. This study analyzes company size, leverage, and profitability impacts on internet financial reporting implementation in the food and beverage industry listed on the Indonesia Stock Exchange during 2020-2023. Employing quantitative methodology with purposive sampling, 23 companies were selected as research samples. Data analysis includes descriptive statistics, classical assumption tests, multiple linear regression, and hypothesis testing. Empirical findings reveal that company size, leverage, and profitability exert positive and significant influences on internet financial reporting practice, explaining 45.3% variance, with the remaining 54.7% influenced by unexamined factors.

Non-Cyclical Company Value in Indonesia: Analysis of Determining Factors Using an Intervening Variable Approach

Evi Juita Wailan'An, Sonya Enda Natasha S. Pandia — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the influence of liquidity, capital structure, and operational efficiency on corporate value within Indonesian non-cyclical sector firms, employing profitability as an intervening mechanism. Grounded in the significance of maximizing shareholder wealth as a long-term performance indicator, this research examines 129 non-cyclical companies traded on the Indonesia Stock Exchange between 2020 and 2023. Through purposive sampling methodology, 82 companies were selected for analysis. Utilizing a quantitative descriptive framework with SmartPLS analytical tools, the findings demonstrate that capital leverage ratios and asset utilization efficiency directly enhance firm valuation. Conversely, debt financing exhibits an inverse relationship with profitability metrics. These outcomes underscore the critical importance of strategic capital management and resource optimization in value creation.

The Impact of Green Accounting and Environmental Performance on Financial Performance of Indonesian Textile Companies

Aldius Simandalahi, Thomas Sumarsan Goh, Arison Nainggolan — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how green accounting practices and environmental performance influence financial outcomes in textile and apparel firms listed on the Indonesia Stock Exchange during 2020-2022. Employing purposive sampling, the study analyzes 13 companies over three years using IBM SPSS Statistics 26. Results demonstrate that green accounting significantly enhances financial performance (t=5.019, p<0.05), while environmental performance also shows positive influence (t=2.728, p<0.05). The simultaneous effect of both variables proves significant (F=14.217, p<0.05), with a combined explanatory power of 41%. These findings suggest that integrating environmental considerations into accounting practices and improving environmental management create synergistic effects that enhance profitability. Companies adopting sustainable business practices can achieve the dual objectives of environmental responsibility and improved financial returns.

Altman Z-Score Bankruptcy Prediction in Food and Staple Retail Sector

Evangelica Christina Sianipar, Dimita H. P. Purba, Rike Yolanda Panjaitan — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates bankruptcy potential within Indonesia's food and staple retail sector using the Altman Z-Score methodology. Analyzing nine companies listed on the Indonesia Stock Exchange during 2020-2023, findings reveal that two firms—Hero Supermarket Tbk and Matahari Putra Prima Tbk—demonstrate severe financial distress with Z-Scores ≤1.81. Hero Supermarket Tbk exhibited the most critical condition, showing consistently declining Z-scores accompanied by negative profitability and liquidity ratios across four consecutive years. Matahari Putra Prima Tbk similarly fluctuated within the distressed zone throughout the observation period. Results underscore the necessity for continuous financial performance monitoring and proactive management interventions to mitigate bankruptcy risks. These findings offer practical advice to stakeholders regarding financial health assessment and early warning system implementation in retail operations.

Firm Characteristics and CSR Disclosure in Indonesian Manufacturing Companies

Agnes Daevany Kinanti, Mitha Christina Ginting, Farida Sagala — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how firm characteristics influence Corporate Social Responsibility (CSR) disclosure practices among manufacturing enterprises listed on the Indonesia Stock Exchange during 2020-2023. Employing quantitative methodology with multiple regression analysis, 22 companies were examined based on predetermined selection criteria. Financial data were obtained through systematic documentation of annual and sustainability reports from official IDX sources. Empirical findings reveal that firm size and profitability demonstrate no significant influence on CSR disclosure levels, whereas leverage exhibits positive and significant effects. These results provide valuable implications for regulatory bodies and corporate management in enhancing transparency frameworks and integrating firm-specific characteristics into CSR reporting strategies. Future investigations should incorporate additional determinant variables while expanding sample sizes and timeframes for enhanced generalizability.

Determinants of Firm Value in Indonesian Healthcare Sector

Yesshe Purba, Hotlan Butarbutar, Saur Melianna — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates liquidity, profitability, growth, and ownership structure effects on healthcare company valuations. Utilizing purposive sampling methodology, twelve companies were analyzed from Indonesia Stock Exchange listings during 2019-2023. Multiple regression analysis through SPSS 26 examined current ratios, returns on assets, asset growth, and institutional ownership influences on Tobin's Q. Findings reveal liquidity and profitability demonstrate insignificant effects, whereas growth and ownership structure significantly impact firm value. Collectively, independent variables substantially influence valuations. These results provide critical insights for healthcare sector financial management and investment decision-making processes within emerging market contexts.

Investment Decisions, Debt Policy, and Dividend Policy Effects on Firm Value in Indonesian Banking Companies

Asima Lidia Rosa Purba, Robinhot Gultom, Junika Napitupulu — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how Price to Earnings Ratio (PER), Debt to Equity Ratio (DER), and Dividend Payout Ratio (DPR) influence firm value measured through Tobin's Q in banking institutions listed on the Indonesia Stock Exchange during 2020–2023. Utilizing quantitative methodology with secondary data from audited financial statements, findings demonstrate PER exerts significant positive influence on firm value, while DPR exhibits significant negative impact. DER shows no significant effect. Results support signaling and trade-off theories in financial decision-making contexts. These insights benefit corporate managers in strategic financial planning and assist investors in evaluating firm performance.

Asset Growth, Credit Risk, and Operational Efficiency Effects on Indonesian Banking Profitability 2019-2023

Vivin Ekklesya Siregar, Anton A. P. Sinaga, Robinhot Gultom — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates the impact of asset growth, credit risk, and operational efficiency on banking profitability among Indonesian Stock Exchange-listed financial institutions during 2019-2023. The banking sector serves as Indonesia's economic foundation, where profitability assessment is crucial for evaluating financial system health. The study employs asset growth rate as a proxy, the non-performing loan ratio for credit risk measurement, and the expense-to-income ratio for operational efficiency assessment, while return on assets represents banking profitability. Utilizing purposive sampling with WarpPLS 7.0 software, the research analyzes data from banking companies. Findings reveal that asset growth demonstrates positive significant effects on banking profitability (path coefficient 0.352, p-value 0.003), while credit risk shows negative significant influence (path coefficient -0.270, p-value 0.020). However, operational efficiency demonstrates a non-significant impact on banking profitability (path coefficient 0.128, p-value 0.174). These results provide valuable insights for banking management strategies in Indonesia's financial sector.

Capital Structure, Sales Growth, and Liquidity Effects on Profitability in Property Companies

Santi Magdalena Siahaan, Robinhot Gultom, Jon Henri Purba — Tue, 05 Aug 2025 00:00:00 +0700

Profitability optimization represents a critical success factor requiring a comprehensive understanding of financial determinants in the property sector. This research examines the capital structure, sales growth, and liquidity impacts on profitability measured through return on equity among Indonesian property companies during 2021–2023. Employing quantitative methodology with purposive sampling, 78 firm-year observations comprised the research sample. Data analysis includes multiple linear regression with classical assumption tests utilizing SPSS version 27. Empirical findings reveal capital structure exerts a negative and significant effect on profitability, while sales growth and liquidity demonstrate negative but insignificant influences. Collectively, variables explain 62.5% profitability variance, with the remaining 37.5% influenced by unexamined factors, offering strategic insights for financial decision-making optimization.

Fraud Hexagon, Machiavellian, and Love of Money Determinants of Village Fund Mismanagement

Deda Sasmita Sinaga, Duma Megaria Elisabeth, Ivo Maelina Silitonga — Tue, 05 Aug 2025 00:00:00 +0700

Village fund mismanagement represents a critical governance challenge requiring a comprehensive understanding of behavioral and structural fraud determinants. This research examines fraud hexagon elements (financial pressure, capability, opportunity, rationalization, arrogance, and collusion), Machiavellian traits, and the impact of love of money on village fund fraud in Bangko Pusako District, Rokan Hilir Regency. Employing quantitative methodology with census sampling, 152 village officials participated as respondents. Data analysis includes multiple linear regression with classical assumption tests utilizing SPSS version 26. Empirical findings reveal capability and love of money exert significant positive effects on fraud, while other variables demonstrate insignificant influences. Collectively, variables explain 20.1% fraud variance, with the remaining 79.9% influenced by unexamined factors, offering insights for fraud prevention strategies.

Operational Efficiency, Capital Adequacy, and Asset Turnover Effects on Return on Equity

Putri Martha Angelina Pangaribuan, Thomas Sumarsan Goh, Duma Rahel Situmorang — Tue, 05 Aug 2025 00:00:00 +0700

This research examines operational efficiency, capital adequacy, and asset turnover's impact on return on equity in the Indonesian banking sector. Utilizing purposive sampling methodology, 28 banking companies listed on the Indonesia Stock Exchange during 2019-2023 were selected from a 47-company population. Secondary data underwent analysis through the SPSS version 26 application. Empirical findings reveal that operational efficiency and capital adequacy have negative significant effects, while asset turnover has aitive significant influence on return on equity. Collectively, these variables explain 78.0% variance in return on equity, with the remaining 22.0% attributed to unexamined factors.

Profitability Indicators Effects on Earning Response Coefficient in Manufacturing Sector

Rani Agustines Purba, Duma Megaria Elisabeth, Arison Nainggolan — Tue, 05 Aug 2025 00:00:00 +0700

This research examines profitability indicators' impacts on the earning response coefficient in the food and beverage manufacturing subsector. Utilizing purposive sampling methodology, 12 companies listed on the Indonesia Stock Exchange between 2020-2023 were selected, generating 48 observations. Secondary data underwent analysis through the SPSS version 26 application employing descriptive statistics, classical assumption tests, multiple linear regression, and hypothesis testing. Empirical findings reveal Return on Asset and Net Profit Margin demonstrate insignificant effects, while Return on Equity exhibits negative significant influence on Earning Response Coefficient. Collectively, profitability indicators explain 55.7% of the variance in the earning response coefficient, with the remaining 44.3% attributed to unexamined factors.

Green Innovation And Financial Performance Effects On Firm Value In Manufacturing Sector

Nadia Aprianti, Arthur Simanjuntak, Mitha Christina Ginting — Tue, 05 Aug 2025 00:00:00 +0700

This research examines green innovation and financial performance impacts on firm value in manufacturing companies. Utilizing purposive sampling methodology, 80 companies listed on the Indonesia Stock Exchange between 2019-2023 were selected, generating 400 observations. Secondary data underwent analysis through the SPSS version 26 application employing descriptive statistics, classical assumption tests, multiple linear regression, and hypothesis testing. Empirical findings reveal green innovation demonstrates a significant negative effect, while financial performance exhibits an insignificant positive influence on firm value. Collectively, these variables explain 2.4% variance in firm value determination, with the remaining 97.6% attributed to unexamined factors beyond the research scope.

Factors Influencing Profit Growth in Basic and Chemical Industry Companies

Lucyanna Yosephine Simangunsong, Dimita H. P. Purba, Duma Rahel Situmorang — Tue, 05 Aug 2025 00:00:00 +0700

This research examines and analyzes the influence of Net Profit Margin (NPM), Total Asset Turnover (TATO), and Current Ratio (CR) on profit growth among companies in the basic materials and chemical sectors listed on the Indonesia Stock Exchange. The sample selection employed purposive sampling from 74 companies, resulting in 32 samples that satisfied the research criteria. The independent variables comprise NPM, TATO, and CR, while the dependent variable is profit growth. Partial testing results (t-test) reveal that NPM exerts a positive and significant influence on profit growth, whereas TATO and CR demonstrate positive but insignificant effects. Simultaneous testing results (F-test) indicate that NPM, TATO, and CR collectively exert a significant influence on profit growth. The Coefficient of Determination Test (R²) yields a value of 0.103, or 10.3%, signifying that NPM, TATO, and CR explain 10.3% of the variance in profit growth, while the remaining 89.7% is attributable to other variables outside the research model.

The Effect of Profitability on Firm Value With GCG as Mediator in Telecommunication Companies

Sonya L. Sinulingga, Jeudi A. T. P. Sianturi, Rintan Saragih — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the mediating role of effective corporate governance in the relationship between profitability and firm value in Indonesian telecommunication companies. Using purposive sampling methodology, we analyzed 18 telecommunications companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023, resulting in 54 observations. The analysis employed PLS-SEM using WarpPLS 8.0 software. Our findings reveal that profitability (ROA), firm size (LnTA), and dividend policy (DPR) demonstrate significant positive effects on firm value (Tobin's Q). Additionally, profitability exhibits a significant positive influence on effective corporate governance. The mediation analysis confirms that excellent corporate governance successfully mediates the relationship between profitability and firm value. These results provide empirical evidence supporting signaling theory and agency theory in emerging market contexts.

Determinants of IPO Underpricing in Indonesian Stock Exchange 2021-2023

Yosia Elisawati Lubis, Septony B. Siahaan, Januardi Mesakh — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the influence of organizational scale, earnings performance, and capital structure on equity underpricing among corporations executing Initial Public Offerings (IPOs) within the Indonesia Stock Exchange throughout 2021–2023. Utilizing comprehensive Indonesia Stock Exchange datasets, the investigation quantifies organizational scale through the natural logarithm of total assets, earnings performance via Return on Assets (ROA), and capital structure through the Debt to Equity Ratio (DER). Through purposive sampling methodology, 87 corporations were identified for multiple regression examination. Research outcomes indicate that earnings performance individually demonstrates statistically significant positive associations with underpricing, whereas organizational scale and capital structure exhibit non-significant relationships. Simultaneously, these three determinants collectively demonstrate significant influence on underpricing phenomena. These findings emphasize the critical importance of profitability indicators in establishing initial valuation outcomes within Indonesia's emerging capital markets.

Corporate Strategy: Dividend Policy, Ownership Structure, and Profitability as Key Determinants of Company Value

Elwincher Laowo, Jeudi A. T. P. Sianturi, Mislan Sihite — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the mediating role of profitability in the relationship between dividend policy, ownership structure, and firm value in Indonesian non-cyclical consumer sector companies. Using purposive sampling methodology, we examined 19 non-cyclical consumer companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023, resulting in 95 observations. The analysis employed PLS-SEM using WarpPLS 8.0 software. Our findings reveal that dividend policy (DPR) and ownership structure demonstrate significant positive effects on firm value (Tobin's Q). Additionally, dividend policy exhibits a significant positive influence on profitability (ROA). The mediation analysis confirms that profitability successfully mediates the relationship between dividend policy and firm value. These results provide empirical evidence supporting signaling theory and agency theory in emerging market contexts.

Factors that Influence Company Value with Dividend Policy as a Mediating Variable

Samaria Syalomita Pebi, Jeudi A. T. P. Sianturi, Tiur Rajagukguk — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the impact of profitability, leverage, and good corporate governance on company value, with dividend policy serving as an intermediary variable. The research examines healthcare companies listed on the Indonesian Stock Exchange from 2019 to 2023. Using purposive sampling, ten companies were selected for analysis. The study employed WarpPLS version 8.0 for data processing. Results indicate that profitability and leverage significantly and positively affect company value directly. However, satisfactory corporate governance shows no meaningful impact on firm valuation. The mediation analysis demonstrates that dividend policy effectively serves as an intermediary in the relationship between profitability and company value.

Impact of Firm Size, Profitability, Liquidity, and Leverage on Property and Real Estate Firm Value

Naomi Yessy Anastasya Siregar, Robinhot Gultom, Saur Melianna — Tue, 05 Aug 2025 00:00:00 +0700

This research examines how firm size, profitability, liquidity, and leverage influence firm value among Indonesian property and real estate companies between 2019-2023. Using Indonesia Stock Exchange data, the study measures firm size via Ln(total assets), profitability through Return on Assets (ROA), liquidity using Current Ratio (CR), and leverage via Debt to Equity Ratio (DER). Firm value is measured by Price to Book Value (PBV). Through purposive sampling, 15 companies were selected for multiple linear regression analysis. Findings reveal that firm size, profitability, and leverage individually exert significant positive effects on firm value, while liquidity demonstrates no significant impact. Collectively, all four variables show significant positive influence on firm value. These results emphasize the value of company size, profitability, and leverage in determining firm valuation within Indonesia's property sector.

CSR, Governance, and Green Innovation: Drivers of Energy Firm Value Through Profitability

Tue, 05 Aug 2025 00:00:00 +0700

This investigation explores the relationship between Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Green Innovation on firm value among energy companies traded on the Indonesia Stock Exchange during 2020-2023, with profitability functioning as an intermediary variable. The research framework incorporates CSR disclosure indices, GCG composite ratings, and Green Innovation assessed through environmental technology research and development expenditure intensity. Tobin's Q ratio serves as the proxy for firm value, while Return on Assets (ROA) represents the profitability mediator. Purposive sampling methodology was applied for sample selection, with analytical procedures conducted using WarpPLS version 7.0. Findings reveal that CSR and Green Innovation substantially boost firm value, while GCG demonstrates no statistically significant influence. Additionally, profitability effectively mediates the connections between these strategic factors and firm value.

Factors Influencing the Independent Auditor’s Reliance on Internal Audit Quality in Listed Companies in Vietnam

Khieu Huu Binh — Tue, 05 Aug 2025 00:00:00 +0700

This article examines factors influencing independent auditors’ reliance on internal audit (IA) quality in Vietnamese listed companies, addressing the research question: What factors affect external auditors’ trust in IA work? Using a mixed-methods approach, the study combines interviews with senior auditors and surveys from 102 independent auditors to analyze determinants such as IA independence, experience, professional qualifications, department size, cooperation, audit timing, and IA report quality. Empirical findings reveal that independence and report quality significantly enhance external auditors’ trust, while department size and experience also play supporting roles. The discussion highlights that stronger IA functions improve audit efficiency and financial transparency. The study concludes that enhancing IA quality is crucial for corporate governance and investor confidence. This research contributes to the auditing literature in emerging markets and provides practical implications for regulators and firms aiming to strengthen internal controls.

Green Accounting and Intellectual Impact on MSMEs Sustainability in Medan

Irna Triannur Lubis, Idhar Yahya, Robert Sibarani, Mangasi Sinurat — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of green accounting and green intellectual capital on MSME sustainability in Medan City. Environmental pressures and regulatory requirements necessitate sustainable business practices among small enterprises. A quantitative approach using survey methodology was employed with 120 MSMEs from trade, service, and manufacturing sectors. Data were collected through structured questionnaires and analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). Results demonstrate that green accounting significantly influences MSME sustainability (β = 0.332, p < 0.001), indicating that environmental-based financial recording enhances resource efficiency and regulatory compliance. Green intellectual capital shows stronger influence (β = 0.430, p < 0.001), highlighting the strategic role of environmental knowledge and innovation capabilities. The model explains 45.7% of sustainability variance. These findings suggest that integrating green accounting practices with environmental intellectual capital development can significantly enhance MSME competitiveness and sustainability performance.

SAP-Based ERP Implementation and Accounting Information Quality at PT Perkebunan Nusantara IV

Aprili Yanti Tarigan, Duma Megaria Elisabeth, Januardi Mesakh — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates SAP-based Enterprise Resource Planning implementation effects on accounting information quality at PT Perkebunan Nusantara IV Regional II Medan. Employing quantitative methodology with 35 employee respondents from accounting and finance divisions, the study examines ERP deployment impacts through questionnaire-based primary data collection. Multiple linear regression analysis reveals significant positive relationships between SAP-ERP implementation and information quality (t-value: 3.519, significance: 0.001). The determination coefficient (R²=0.449) demonstrates that SAP-ERP explains 44.9% of accounting information quality variance, with remaining factors including user competence and internal controls. Findings confirm strategic technology adoption enhances financial reporting accuracy, timeliness, and relevance, supporting effective managerial decision-making processes in plantation enterprises.

System and Information Quality Effects on ERP-SAP User Satisfaction: Accounting Department Case Study

Tri Wita Adeline Br. Ginting, Septony B. Siahaan, Duma Rahel Situmorang — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates how system quality and information quality influence user satisfaction with ERP-SAP implementation within the Accounting and Finance Department at PTPN IV Regional II Medan. Employing quantitative methodology, the research surveyed 35 employees through structured questionnaires. Multiple linear regression analysis examined the relationships between variables. Results indicate that system quality exhibits positive yet statistically insignificant effects on user satisfaction, while information quality demonstrates significant positive influence. Collectively, both dimensions significantly affect user satisfaction levels. The model explains 38.4% of satisfaction variance, suggesting additional factors warrant investigation in future research within enterprise system contexts.

Independence, Internal Auditor Role, and Professionalism Effects on Internal Control System Effectiveness

Naomi Edrilyani Siregar, Mulatua P. Silalahi, Lamria Sagala — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how independence, the internal auditor role, and professionalism influence internal control system effectiveness at PT. Perkebunan Nusantara IV (Regional I) Medan. Employing multiple regression analysis via SPSS 26.0, data were collected from 39 respondents using the saturated sampling technique through 44-item questionnaires measured on Likert scales. Results reveal independence demonstrates negative insignificant effects, the internal auditor role shows positive insignificant effects, while professionalism exhibits positive significant effects on internal control system effectiveness. Collectively, all variables significantly impact internal control system effectiveness, explaining 43.7% of variance. These findings provide practical implications for strengthening internal audit functions within state-owned enterprises.

Tunneling Incentive, Tax Rate, Leverage, and Profitability Effects on Transfer Pricing in Pharmaceutical Companies

Wahyu Ningdia Saragih, Septony B. Siahaan, Rike Yolanda Panjaitan — Tue, 05 Aug 2025 00:00:00 +0700

This research examines how tunneling incentives, effective tax rates, leverage, and profitability influence transfer pricing decisions among pharmaceutical companies listed on the Indonesia Stock Exchange between 2019 and 2023. Employing purposive sampling methodology, three pharmaceutical companies were analyzed using multiple linear regression analysis. Findings reveal that tunneling incentives and leverage significantly affect transfer pricing practices, whereas effective tax rates and profitability demonstrate no significant impact. Collectively, all four variables exhibit significant influence on transfer pricing decisions. These results contribute to understanding tax avoidance mechanisms in Indonesia's pharmaceutical sector and provide insights for regulatory policy development.

Analysis of Financial Performance and Shareholder Value With Revenue Recognition Before and After The Implementation of PSAK 72 in Property and Real Estate Sector Companies Listed on The IDX From 2018-2021

Paskaria Theofany Br. S. Milala, Septony B. Siahaan, Rahel Junita — Tue, 05 Aug 2025 00:00:00 +0700

This type of research is a comparative method study with a quantitative descriptive approach that aims to determine whether there are differences in financial performance and shareholder value before and after the implementation of PSAK 72 in property and real estate sector companies listed on the IDX. PSAK 72 is the latest revenue recognition accounting standard adopted from IFRS 15. The research sample was taken from several criteria. Researchers used non-purposive sampling for sampling, which amounted to 17 companies. Statistical tools to test the hypothesis using the non-parametric Wilcoxon Rank Test and the parametric paired sample T-test. The results of this study are that there is a difference in the impact of the debt-to-asset ratio before and after the implementation of PSAK 72. Meanwhile, there is no difference in the impact of the current ratio, net profit margin, and market book value before and after the implementation of PSAK 72 on property and real estate companies listed on the Indonesia Stock Exchange.

The Influence of Green Accounting and Environmental Performance on the Profitability of Mining Companies

Ivan Ariyanto, Desi Efrianti, Sutarti Sutarti, Yayuk Nurjanah — Tue, 05 Aug 2025 00:00:00 +0700

This research aims to examine the influence of green accounting and environmental performance on the profitability of mining sector companies listed on the Indonesia Stock Exchange (BEI) from 2020 to 2023. This research is quantitative research. The sample was obtained using a non-probability sampling method with specified criteria. A total of 39 samples from 47 mining companies listed on the IDX during 2020-2023. The methods used in this study are the classical assumption test (normality, multicollinearity, autocorrelation, and heteroscedasticity) and multiple linear regression with hypothesis testing t-test, F-test, and R2 test. Sample data is processed using the SPSS program. The research findings, based on the t-test, indicate that green accounting has a negative influence on profitability, while environmental performance has a positive influence. However, based on the F-test, green accounting and environmental performance simultaneously have a positive and significant influence on profitability.

Human Resources, Participation, and Leadership Effects on Village Fund Accountability in Torgamba District

Tessa Anggraini Sirait, Lamria Sagala, Januardi Mesakh — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates how human resources, participation, and leadership influence village fund accountability in Torgamba District. Employing quantitative methodology, primary data were collected from 66 respondents across 14 villages through purposive sampling. Data analysis utilized descriptive statistics, validity and reliability tests, classical assumptions, multiple linear regression, and hypothesis testing via SPSS 25. Results demonstrate that human resource quality, community participation, and leadership behavior individually and collectively exert positive significant effects on village fund management accountability. The findings contribute to governance literature and offer practical implications for enhancing transparency and accountability in rural fund administration.

The Role of Human Resource Quality, Information Technology, and Internal Control Systems on Village Fund Management Accountability

Emisa Clara Br. Ginting, Ivo Maelina Silitonga, Farida Sagala — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates how human resource quality, information technology utilization, and internal control systems influence village fund management accountability, with spiritual intelligence as a moderating variable in Tigabinanga District, Karo Regency. Employing a quantitative methodology, primary data were collected from 133 village officials through saturated sampling. Analysis utilized descriptive statistics, validity-reliability testing, multiple linear regression, classical assumptions, and hypothesis testing via SPSS 25. Findings reveal that all three independent variables significantly enhance accountability. Spiritual intelligence strengthens the human resource quality-accountability relationship but weakens the effects of information technology and internal control systems, though insignificantly. Results provide practical implications for improving village financial governance through capacity building, technological optimization, and enhanced control mechanisms integrated with ethical values.

Environmental Performance and Green Investment Effects on Plantation Firm Value

Sahala Purba, Wilfredo Nahulae, Septony B. Siahaan — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates environmental performance and green investment influences on firm value among plantation companies listed on the Indonesia Stock Exchange (2020–2023). Employing quantitative methodology with purposive sampling, 11 companies yielded 39 observations following outlier removal. Environmental performance was assessed through PROPER ratings, green investment via environmental cost ratios, and firm value using Tobin's Q. Multiple linear regression analysis via SPSS 26 revealed that environmental performance exhibits no significant effect on firm value, while green investment demonstrates a negative significant impact. Simultaneously, both variables explain 17.3% of firm value variation. Findings suggest that short-term green investment costs may suppress immediate valuations despite potential long-term sustainability benefits, with environmental performance not yet fully recognized in market assessments.

Determinants of Village Fund Management Accountability: Information Technology as Moderating Variable

Talita Christin Sigiro, Arison Nainggolan, Rike Yolanda Panjaitan — Tue, 05 Aug 2025 00:00:00 +0700

This research examines the influence of competence, internal control, and community participation on village fund management accountability, with information technology utilization as a moderating variable in Kabanjahe District, Karo Regency. Utilizing quantitative methodology, data from 64 village officials were analyzed through multiple linear regression and moderated regression analysis using SPSS 26. Results demonstrate that competence and internal control significantly and positively affect accountability, while community participation shows no significant effect. Moderated regression analysis reveals that information technology strengthens the competence-accountability relationship but weakens the influence of internal control and community participation on accountability. These findings emphasize the critical role of competent personnel and technological integration in enhancing village fund management accountability within Indonesian local governance contexts.

Self-Efficacy and Internal Control Effects on Village Fund Management Accountability

Missa Kristina Nababan, Dimita H. P. Purba, Rahel Junita — Tue, 05 Aug 2025 00:00:00 +0700

This research examines the influence of self-efficacy and internal control systems on village fund management accountability in North Tambusai District, Rokan Hulu Regency. Employing quantitative methodology, data from 78 village officials were analyzed through multiple linear regression using SPSS 26. Results demonstrate that both self-efficacy and internal control systems significantly and positively affect accountability, both partially and simultaneously, explaining 41.3% of accountability variance. The remaining 58.7% is attributed to factors not examined in this study. These findings emphasize the critical importance of enhancing village officials' confidence in their capabilities and strengthening internal control mechanisms to achieve optimal accountability in village fund management within Indonesian local governance contexts.

Green Accounting and Corporate Governance Effects on Mining Financial Performance

Putra Pratama, Duma Megaria Elisabeth, Wesly Andri Simanjuntak — Tue, 05 Aug 2025 00:00:00 +0700

This study investigates how green accounting practices and good corporate governance mechanisms affect financial outcomes in Indonesian mining corporations listed on the Indonesia Stock Exchange in 2021–2023. Employing quantitative methodology, we analyzed secondary data from 19 purposively selected companies' annual reports using SPSS version 26 path analysis. Results demonstrate that green accounting negatively but insignificantly influences financial performance (p=0.805), while good corporate governance shows significant positive effects (p=0.013). Combined, both variables significantly impact financial outcomes (p=0.030). These findings suggest integrating green accounting with robust governance frameworks enhances organizational performance. Mining companies should strengthen governance implementation and incorporate environmental accounting into strategic sustainability planning.

The Effect of Good Corporate Governance, Firm Size and Leverage Company Financial Performance

Hasna Suci Haerunnisa, Heti Herawati, Sutarti Sutarti, Yayuk Nurjanah — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to analyze the effect of the board of commissioners, independent commissioners, firm size, and leverage on the financial performance of manufacturing companies in the basic and chemical industry sector listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. A quantitative approach was used with secondary data obtained from annual reports of these manufacturing companies. The research sample consisted of 99 observations, covering 33 companies over three years, selected using purposive sampling. Data processing was carried out with SPSS version 27. The results show that the board of commissioners has a negative effect on financial performance, independent commissioners have a negative effect, firm size has a positive effect, and leverage has a negative effect on financial performance.

Factors Affecting Digital Transformation in Accounting Practices of Listed Consumer Goods Enterprises in Vietnam

Ngoc Quang Pham, Hoang Hung Dau — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to identify and measure the extent of influence of factors on digital transformation (DT) in accounting practices in listed consumer staples firms in Vietnam. Drawing upon the foundational TOE theory (Technology-Organization-Environment framework) and prior research, the author proposes a research model with five independent factors: management perception, accountants' digital skills, information technology infrastructure, organizational culture, and digitalization pressure. Data was collected using a quantitative method through a survey of 134 staff and managers in listed consumer staples firms. The study was analyzed using partial least squares structural equation modeling (PLS-SEM). The research results indicate that all five of these factors have a positive impact on DT in accounting practices. Information technology infrastructure is identified as the most influential factor, followed by management perception and accountants' digital skills.

Integration of Green Accounting and Green Intellectual Capital as a Sustainability Strategy for MSMEs in Medan City

Irna Triannur Lubis, Idhar Yahya, Robert Sibarani, Mangasi Sinurat — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to analyze the influence of green accounting and green intellectual capital on the sustainability of micro, small, and medium enterprises (MSMEs) in Medan City. The quantitative approach was used with the survey method against 120 MSME actors operating in the trade, services, and manufacturing sectors. Data collected through a structured questionnaire were analyzed using multiple linear regression for hypothesis testing research. Research results show that green accounting has a significant positive effect on the sustainability of MSMEs, which indicates that recording and reporting finance-based environments push efficiency, source power, and compliance regulations. Meanwhile, that is, green intellectual capital, which includes knowledge, innovation, and competence, and the environment also has a positive significant influence, indicating the strategic role of the source of human and intellectual power in integrating practical friendly environments. Findings This data confirms that the combination of the application of green accounting and the optimization of green intellectual capital is able to increase power competition at a time of sustainability for MSME businesses. Implications study This encourages MSME actors, policymakers, and institutions to develop training programs and incentives that integrate accounting with green and intellectual capital management in their environments.

The Impact of Tax Compliance, Disclosure, and Collection on Corporate Tax Revenue in the Indonesia Stock Exchange

Irma Herliza Rizki, Muammar Rinaldi, Mela Novita Rizki, Mawarli Lubis — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to analyze the impact of tax compliance, tax disclosure, and tax collection on corporate tax revenue for companies listed on the Indonesia Stock Exchange (IDX). A quantitative approach was employed, with multiple linear regression analysis to examine the relationship between the independent variables (tax compliance, tax disclosure, and tax collection) and the dependent variable (corporate tax revenue). The results show that tax compliance, tax disclosure, and tax collection all have a positive and significant impact on corporate tax revenue. Increased tax compliance, transparent tax information disclosure, and effective tax collection systems contribute to higher tax revenue for the government. The classical assumption tests indicate that the regression model meets the assumptions of normality, multicollinearity, heteroscedasticity, autocorrelation, and linearity, suggesting that the regression model is valid. The results of both the F-test and t-test further confirm that the independent variables significantly influence corporate tax revenue. This study recommends that the government and tax authorities continue to strengthen tax compliance, enhance tax disclosure transparency, and improve tax collection systems to increase tax revenue, which is essential for supporting the country’s economic development.

The Impact of Operating Segment Disclosure on Stock Performance: Does Firm Size Matter?

Tue, 05 Aug 2025 00:00:00 +0700

This study investigates the impact of operating segment disclosure on stock performance in the banking sector. and examines the moderating role of firm size in this relationship. The research question addresses whether enhanced segment disclosure positively influences stock performance and how firm size affects this relationship. Utilizing a purposive sampling method, this study analyzes data from 195 banks based on annual reports published from 2019 to 2023. The findings reveal that operating segment disclosure positively influences stock performance, with firm size significantly enhancing this effect. These results suggest that greater transparency in segment reporting can improve investor confidence and market valuation. The study contributes to financial literature by highlighting the importance of operating segment disclosure and firm size in investment decision-making. It offers practical implications for banking management and investors seeking to optimize their strategies in the capital market.

The Influence of Independent Board of Commissioners, Board of Directors, and Audit Committee on Financial Performance

Lisa Silvia, Sutarti Sutarti, Desi Efrianti, Muanas Muanas — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to analyze the influence of the independent board of commissioners, board of directors, and audit committee on the financial performance of manufacturing companies in the basic industry and chemicals subsector listed on the Indonesia Stock Exchange (IDX) for the 2019 - 2023 period. A quantitative approach using secondary data was applied. A total of 180 observations from 42 companies over five years were selected through purposive sampling. Data were analyzed using multiple linear regression with SPSS version 26. The results show that the board of directors has a positive and significant effect on financial performance, while the independent board of commissioners and audit committee have no significant effect. Simultaneously, all three variables significantly affect financial performance. These findings highlight the strategic role of the board of directors and reinforce Agency Theory, which suggests that effective managerial oversight can enhance company performance. This study is limited to one subsector and a five-year period.

Stock Split Impact on Price, Returns, and Trading Volume in Indonesia

Elidawati Elidawati, Supriadi Siagian, Ella Ella, Carol Carol — Tue, 05 Aug 2025 00:00:00 +0700

This research examines how stock splits influence market dynamics in Indonesia's capital market. While theory suggests stock splits signal positive future performance, market responses often diverge from these expectations. This study investigates differences in share prices, abnormal returns, and Trading Volume Activity (TVA) surrounding stock split events. Employing a quantitative methodology, we analyzed 36 companies that executed stock splits on the Indonesia Stock Exchange between 2020 and 2023. Due to non-normal data distribution, the Wilcoxon Signed-Rank Test was applied. Findings reveal no statistically significant changes in stock prices or trading volume following splits. However, abnormal returns exhibited significant differences, predominantly negative, suggesting market skepticism. These results challenge conventional assumptions about stock split effectiveness in emerging markets.

Firm Value: The Role of Financial Performance and Corporate Social Responsibility

Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of financial performance and corporate social responsibility (CSR) on company value, particularly in Sharia business units. The data used in this study are secondary data obtained from the official website of the Financial Services Authority (OJK) and the official websites of the banking companies sampled in this study. The sampling technique used was purposive sampling, resulting in a sample of seven companies over a five-year period. The analytical tool used in this study was panel data regression with Eviews 12. The results of this panel data regression test indicate that financial performance, as proxied by ROA, has a significant negative effect on company value; ROE has a significant positive effect on company value; CAR has a significant positive effect on company value; FDR has no significant effect on company value; and CSR has no significant effect on company value.

Forensic Accounting and Undercover Operations Roles in Tax Evasion Disclosure at KPP Pratama Lubuk Pakam

Pebri Yanti Agnesya Br. Ritonga, Thomas Sumarsan Goh, Dimita H. P. Purba — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates forensic accounting and undercover operation roles in uncovering tax evasion cases at the Pratama Lubuk Pakam Tax Service Office. Employing exploratory qualitative methodology, data were collected through interviews with Supervision Section employees and documentation analysis during 2019-2023. Results reveal forensic accounting demonstrates critical effectiveness in analyzing suspicious financial transactions and compiling legally admissible evidence supporting investigation processes. Undercover operations prove efficient in obtaining direct evidence from tax evasion perpetrators, particularly involving corporate taxpayers engaging in complex fraud schemes. However, implementation faces constraints including limited authority jurisdiction, restricted data access capabilities, and insufficient human resource capacity. Findings emphasize human resource development through specialized training, the establishment of a dedicated forensic accounting team at office levels, and the strengthening of inter-agency coordination as strategic priorities enhancing tax supervision effectiveness and law enforcement capabilities within Indonesian revenue administration contexts.

Assessing Liquidity: The Role of Cash Flow, Receivables and Inventory Turnover

Abdurrahman Aqimuddin, Ratih Puspitasari, Rosle Mohidin, Udi Pramiudi — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to analyze the effect of operating cash flow, accounts receivable turnover, and inventory turnover on company liquidity in retail sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2023. Liquidity is measured using the Current Ratio (CR), operating cash flow is measured using the Operating Cash Flow Ratio (OCF), accounts receivable turnover is measured using the Accounts Receivable Turnover Ratio (ART), and inventory turnover is measured using the Inventory Turnover Ratio (ITR). The data used in this study were obtained from the financial reports of 14 retail companies selected using a purposive sampling technique, resulting in a total of 56 observations over four years. Data analysis was conducted using SPSS software with multiple linear regression analysis. The results show that operating cash flow (OCF) has a positive and significant effect on company liquidity. However, accounts receivable turnover (ART) and inventory turnover (ITR) do not have a significant effect on liquidity. Simultaneously, the three independent variables do not significantly affect company liquidity. The coefficient of determination (R²) value is 0.192, or 19.2%.

Environmental, Social and Governance on Market Value: Evidence From Indonesia Market

Sugara Panangi Limbong, Aditya Amanda Pane, Indra Tarigan, Ayunda Rizky Pane — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the impact of Environmental, Social, and Governance (ESG) factors on the market value of Indonesian publicly listed companies. The study was conducted on the companies listed on the IDX that received ESG assessments from LSEG Refinitiv. Based on these criteria, 99 companies received ESG scores in 2022-2023. Market value was assessed from data obtained from the financial reports by measuring Tobin’s Q value. Data analysis was performed using multiple regression analysis. The results indicate that environmental and governance factors have a significant positive effect on market value. Social factors do not affect the market value significantly. A limitation of this study is the limited number of companies that received assessments from LSEG Refinitiv. It is hoped that further research can explore other indicators to measure ESG scores and can add variables such as company size as moderating variables.

Sustainability Reporting Trends in Asian Higher Education: an Analysis of QS Top 200 Universities

Syammaniah Zahra, Ratna Mulyany — Tue, 05 Aug 2025 00:00:00 +0700

The adoption of sustainability reporting in higher education institutions (HEIs) across Asia has grown significantly in recent years, driven by increased stakeholder demands, regulatory changes, and the inclusion of sustainability indicators in global university rankings such as QS. This study aims to analyze the trends of sustainability reporting among 58 universities ranked in the Top 200 of the QS Asia University Rankings from 2021 to 2024. Utilizing the Global Reporting Initiative (GRI) Standards 2021 as a measurement framework, this research assesses the Sustainability Disclosure Index (SDI) based on published sustainability reports and ESG-related documents. The findings reveal considerable variation in reporting practices across institutions. Some universities, such as UTAR, RITSUMEI, DU_BD, and UBD, consistently achieved high SDI scores, suggesting a well-established commitment to sustainability integration and transparency. Conversely, other institutions exhibited declining or stagnant reporting trends, indicating potential gaps in capacity, strategic focus, or adaptation to updated reporting standards. This study contributes to the understanding of sustainability reporting dynamics in Asian HEIs and highlights the importance of structured frameworks like GRI in enhancing transparency, accountability, and institutional alignment with the Sustainable Development Goals (SDGs).

The Influence of Green Accounting, Company Values and Environmental Disclosure on Sustainable Growth in Mining Companies Listed on The Indonesian Stock Exchange 2019-2020

Tue, 05 Aug 2025 00:00:00 +0700

This study aims to ascertain the effects of green accounting, corporate value, and environmental transparency on sustainable growth. This study is causal-associative in character and makes use of quantitative data. The study's population consists of 49 mining sub-sector businesses that are listed on the Indonesia Stock Exchange. Purposive sampling was used to gather the data between 2019 and 2022. Ten companies were selected as samples based on predetermined criteria, resulting in a total of 40 data points. The results show that environmental disclosure and green accounting have a partial and simultaneous impact on sustainable growth. However, sustainable growth is only partially influenced by corporate values.

The Influence of Environmental Performance and Carbon Emission Disclosure on the Value of Companies Listed on the Indonesia Stock Exchange for the 2020-2023 Period

Teresita Novela Sidabalok, Mitha Christina Ginting, Farida Sagala — Tue, 05 Aug 2025 00:00:00 +0700

This study aims to examine and map the relationship between environmental performance and carbon emission disclosure on company valuation in the consumer goods industry listed on the Indonesia Stock Exchange during 2020–2023. The method used is quantitative with a purposive sampling approach, which resulted in 11 selected companies according to the established criteria. Data processing was carried out using the SPSS 25 application with multiple linear regression methods to analyze the relationship between variables. The findings show that environmental performance has a positive and significant effect on company value, while carbon emission disclosure shows a significant negative impact. Overall, both variables simultaneously contribute significantly to company valuation. The results of the determination coefficient test show that 29.2% of the variation in company value can be explained by the two variables, while the other 70.8% is influenced by other factors outside this study. This study provides strategic insights into the importance of sustainability in increasing company value.