EKUITAS (Jurnal Ekonomi dan Keuangan) 2024-04-23T09:30:32+07:00 Nur Handayani [email protected] Open Journal Systems <p>EKUITAS (Jurnal Ekonomi dan Keuangan) is published by the <strong><a href="">Sekolah Tinggi ilmu Ekonomi Indonesia (STIESIA) Surabaya</a></strong> periodically (every three months), in <strong>March</strong>, <strong>June</strong>, <strong>September</strong>, and <strong>December</strong>, with the aim of disseminating the results of research, study, and development in the economic and finance, particularly in the fields of accounting, management, capital markets, business law, taxation, information systems, as well as other areas of economics and finance. Articles published in EKUITAS can be in the form of Research Articles or Conceptual Articles (non-research). EKUITAS (Jurnal Ekonomi dan Keuangan) is accredited with number <strong><a href="">No. 158/E/KPT/2021</a></strong> with ISSN numbers e-ISSN <a title="eISSN" href="" target="_blank" rel="noopener"><strong>2548 – 5024</strong></a> and p-ISSN <a title="pISSN" href=";1478073444&amp;1&amp;&amp;" target="_blank" rel="noopener"><strong>2548 – 298X</strong></a></p> <p><a href="#top"><strong>NO FAST TRACK </strong></a></p> E-SATISFACTION AND E-LOYALTY: THE ROLE OF BRAND IMAGE AND E-SERVICE QUALITY 2023-09-20T14:08:26+07:00 Satria Tirtayasa [email protected] Jufrizen Jufrizen [email protected] Wimpi Siski Pirari [email protected] Maya Sari Maya Sari [email protected] <p>The effect of brand image and e-service quality on e-loyalty is mediated via e-satisfaction, as this study's empirical evidence demonstrates. Four variables are used in the study model, which applies the idea of mediation. SEM-PLS is used to assess each association. A total of 384 Medan-based Shopee e-commerce users who have made at least three online purchases were included in this study using a purposive sample technique. An online questionnaire was used for data collecting, and the partial least squares (PLS) analysis method was used for data analysis. The study's findings revealed that e-satisfaction was positively and significantly impacted by brand image, e-satisfaction was positively and significantly impacted by e-service quality, e-loyalty was positively and significantly impacted by brand image, e-satisfaction positively and significantly impacted by e-loyalty, and brand image affects e-loyalty through e-satisfaction and e-service quality through e-satisfaction. According to this research, e-satisfaction acts as a mediator between brand image and e-service quality's effects on e-loyalty and e-commerce. The e-satisfaction measure should be analyzed or used as an independent variable rather than a mediating variable, according to recommendations for additional research.</p> 2024-02-20T00:00:00+07:00 Copyright (c) 2024 ORGANIZATIONAL CHANGE, ENVIRONMENTAL CHANGE AND CHANGE IN MANAGEMENT ACCOUNTING PRACTICES: A CONTINGENCY APPROACH 2023-07-20T14:24:26+07:00 Nanik Wahyuni [email protected] Novi Lailiyul Wafiroh [email protected] Boge Triatmanto [email protected] <p>In this study, the impact of mediated organizational changes and environmental changes on management accounting procedures is investigated. The management of the organization will need to make administrative and management accounting practice adjustments due to the high level of environmental unpredictability. This study employs a survey approach with 149 company managers in mid-to-high level positions in East Javan manufacturing companies as respondents. Data analysis techniques using Smart PLS are used to examine the relationship between changes in the environment and changes in management accounting practices, both directly and indirectly. The findings demonstrated that modifications in management accounting procedures are positively and strongly impacted by ecological changes. Changes in management accounting procedures benefit from organizational changes. On the other hand, modifications to the practice of management accounting cannot be mediated by changes to the organization. This study is unique in that it examines how environmental changes impact management accounting practices. Specifically, it shows that changes in technology and a highly competitive market will impact management accounting methods related to evaluation, costing, and decision-making. Changes in the organization's structure and technology utilization support this shift in management accounting.</p> 2024-02-27T00:00:00+07:00 Copyright (c) 2024 UNRAVELING CARBON IMPACT: ASSESSING EXPORT, COMPETITIVENESS, GDP, AND POPULATION IN INDONESIA'S OIL PALM TRADE 2023-09-20T14:03:29+07:00 Erwinsyah Erwinsyah [email protected] <p>In Indonesia's oil palm commerce, this study investigates at the relationship between population growth, economic growth, market competitiveness, and export trade with carbon emissions. Time-series data from 1995 to 2021 collected from statistical sources is used in this study. This link is computed and analyzed using the econometric method. Lower carbon emissions in oil palm exports are correlated with sustainable practices and market competitiveness. To disentangle trade growth from environmental effect, sustainable land-use practices, deforestation reduction, and transparent supply chains are crucial. Given the erratic correlation between GDP and carbon emissions, striking a balance between economic expansion and environmental protection is imperative. Population expansion drives efforts to lower carbon footprints by influencing environmental awareness and the market for oil palm. Well-given initiatives such as clean technology, certification support, and sustainable trade policies have policy repercussions. Policymakers, industry players, and environmental groups working together can guarantee Indonesia's oil palm exports' long-term sustainability and ecological viability.</p> 2024-02-28T00:00:00+07:00 Copyright (c) 2024 FLUCTUATING COMMODITY PRICES' EFFECT ON INDONESIAN COAL AND PALM OIL 2023-09-20T13:52:46+07:00 Danny Jubel Abrian Sianturi [email protected] <p>This study examines the impact of fluctuating commodity prices on the stock volatility and financial performance of Indonesian coal and palm oil companies between 2011 and 2022. During the COVID-19 pandemic, commodity price fluctuations have significantly influenced these sectors. Using Vector Error Correction Model (VECM) and Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity (DCC GARCH) approaches, as well as panel regression, this study analyzes price volatility and its effect on financial performance. The findings reveal distinct volatility patterns in the palm oil and coal industries, providing valuable insights for investors to understand the risks associated with price fluctuations and identify companies significantly affected by such volatility. This research contributes to understanding the relationship between fluctuations in commodity prices and stock prices of palm oil and coal companies, as well as their financial performance, in the context of the Indonesian economy, which relies heavily on these two commodities. By emphasizing the importance of understanding commodity price dynamics, this study provides valuable information for investor decision-making and risk management in the face of commodity price volatility.</p> 2024-02-29T00:00:00+07:00 Copyright (c) 2024 THE ANTECEDENT OF SATISFACTION AND ITS IMPACT ON LOYALTY IN IN-PATIENT CARE (STUDY AT XYZ HOSPITAL CIREBON) 2023-12-21T12:51:10+07:00 Mochamad Deya Najmuddin [email protected] Pauline Henriette Pattyranie Tan [email protected] <p>Patient loyalty is an essential factor contributing to increased in-patient hospital visits. This study aims to understand the importance of patient loyalty in the context of increasing patient visits. This study examines the impact of service quality variables, hospital brand image, patient-perceived value, and patient satisfaction on patient loyalty. This study was conducted in Cirebon City, Indonesia, with 160 eligible samples from state-owned XYZ hospitals. The sample criteria were patients with hospitalization status. Then, this study developed eight hypotheses to examine the statistical connection between direct, intervening, and multiple-effect models. Problem-solving and research emphasis are conducted utilising a numerical technique with a PLS-SEM-based testing tool. The bootstrapping technique is employed alongside the consistent bootstrapping procedure to showcase the findings of hypothesis testing; we discover that the overall hypothesis has a favourable and noteworthy impact. In testing the importance-performance map analysis (IPMA), it was concluded that the patient's perceived value needs to be improved. In contrast, service quality must be maintained to achieve high patient loyalty.</p> 2024-03-04T00:00:00+07:00 Copyright (c) 2024 BRIDGING GAPS: ANALYZING FINTECH ADOPTION AND ITS CONTRIBUTION TO OVERCOMING SOCIAL EXCLUSION IN THE INDONESIAN FINANCIAL LANDSCAPE 2023-10-10T10:52:42+07:00 Muh Fadli Wahyu Utomo [email protected] Darwanto Darwanto [email protected] <p>Financial Technology, a component of the technological revolution in the financial industry, has a significant impact on both the micro and macro finance sectors. Significant investment is fueling the growth of the FinTech sector on a global scale. The mobile payment and transfer industry experienced the most rapid growth, increasing by 75% in 2019. Indonesia has emerged as a significant hub for digital economic growth, with 203 million users and a transaction value of US$ 99.1 billion in 2022. Nevertheless, this favorable pattern has yet to affect the Indonesian economy. The extent of financial inclusion in Indonesia remains one of the lowest compared to other nations in ASEAN. This study examines the factors influencing the utilization of FinTech in Indonesia and the resulting impact on financial inclusion. SEM-PLS method was used for quantitative analysis to examine 369 data respondents statistically. The findings of this study indicate that the four underlying factors (digital literacy, financial literacy, acceptance model, and usage of technology) have a favorable and significant impact on the intention to utilize FinTech payments. Sustainable use has also been exploitative and exploratory behavior by users. Using FinTech payments with exploitative and explorative patterns has been statistically demonstrated to enhance financial inclusion in Indonesia.<em><br /></em></p> 2024-03-19T00:00:00+07:00 Copyright (c) 2024 PRESSURE AND OPPORTUNITY AS DRIVERS OF FRAUDULENT FINANCIAL REPORTING INTENTION: AN EXPERIMENTAL STUDY 2023-12-21T13:01:55+07:00 Zaki Baridwan [email protected] Bambang Subroto [email protected] <p>Penelitian ini bertujuan untuk menguji dan mendapatkan bukti empiris pengaruh tekanan dan kesempatan yang dihadapi individu manajer keuangan terhadap terjadinya kecurangan laporan keuangan. Kesempatan dan tekanan mendasarkan pada Fraud Triangle Theory, dan niat individu untuk melakukan kecurangan mendasarkan pada Theory of Planned Behaviour. Kedua teori tersebut digunakan untuk memprediksi dan menjelaskan perilaku individu dalam penelitian ini. Penelitian ini menggunakan metode eksperimen antar subjek dengan dua kelompok partisipan yaitu 132 mahasiswa Program Pendidikan Profesi Akuntansi dan 124 karyawan Badan Usaha Milik Negara. Hasil penelitian mengungkapkan bahwa terdapat perbedaan signifikan yang ditunjukkan oleh partisipan yang berada di bawah tekanan dan yang tidak, serta partisipan yang memiliki kesempatan untuk melakukan kecurangan dan yang tidak. Kedua kelompok partisipan menunjukkan hasil yang sama yaitu berniat untuk melakukan kecurangan. Implikasi praktis dari penelitian ini adalah manajemen perusahaan dapat meminimalisir terjadinya kecurangan dengan membangun pengendalian internal yang lebih efektif, menciptakan budaya organisasi yang lebih baik dan meningkatkan kesejahteraan para karyawan.</p> 2024-03-20T00:00:00+07:00 Copyright (c) 2024 ESG, CSR, AND COMPANY CHARACTERISTICS IN FORMING INVESTOR REACTIONS 2023-07-20T13:43:08+07:00 Alvin Ardian [email protected] Martdian Ratna Sari [email protected] <p>This study aims to determine whether investors use non-financial disclosures in their investment activities, such as firm characteristics within companies indexed in IDX ESG Leaders during the 2020–2022 period and ESG (Environmental, Social, and Governance) and CSR (Corporate Social Responsibility). Investor responses are evaluated using Stocks Abnormal Return (SABR) and Trading Volume Activity (TVA). At the same time, non-financial disclosures are analyzed through ESG Score from Morningstar Sustainalytics, CSR Index from GRI Indicator, and firm factors including age and industry type. Results from a study of 45 data points, including 15 companies included in IDX ESG Leaders, suggest a notable inverse connection between ESG disclosure and SABR and TVA. However, the disclosure of CSR does not demonstrate a substantial effect. Company attributes, particularly age, benefit the level of trade activity, whereas the kind of industry has a notable adverse effect. To some extent, investors view ESG disclosure as a negative indication because of the risks that come with companies that perform in terms of ESG. On the other hand, a company's advanced age can be used by management to gain a competitive edge and demonstrate stability to investors, thanks to the long-standing ties with stakeholders that result in steady financial performance. In addition, investors tend to favor companies in low-risk industries while avoiding high carbon-emitting areas.<em><br /></em></p> 2024-03-30T00:00:00+07:00 Copyright (c) 2024 THE SUSTAINABLE COMPETITIVENESS OF NATURE-BASED TOURISM FROM THE TOURIST PERSPECTIVE ASSESSMENT 2024-04-01T10:00:03+07:00 Ine Rahmadania Saldianovitta [email protected] Risna Wijayanti [email protected] Nur Prima Waluyowati [email protected] <p>This research aims to examine aspects of the competitiveness of natural tourist destinations, including eco-destination image, ecotourism experience, and destination quality so that they can contribute to environmental conservation efforts, sustainable use of natural resources, and determining strategies for managers of natural tourist destinations to improve quality. Moreover, the attractiveness of the tourist destinations it manages. Quantitative research collects, analyzes, and displays data numerically using empirical studies. Used in this research. A survey via questionnaire with closed questions was conducted at three natural tourist destinations in Batu City, namely Selecta Tourism, Jatim Park II, and Batu Love Garden. As a result, the respondents generally have good expectations for tourist destinations in Batu City regarding the eco-destination experience, image variables, and destination quality variables. However, in the Destination Quality variable, the amenities indicator, most respondents do not fully agree with access for people with disabilities and pregnant women and medical facilities around tourist destinations. So, the results of this research can be used as a review and evaluation for tourist destination managers and local governments regarding these facilities.</p> 2024-03-30T00:00:00+07:00 Copyright (c) 2024 THE INFLUENCE OF ADAPTIVE, COMPETENCE, AND TRANSFORMATIVE LEADERSHIP ON INDIVIDUAL PERFORMANCE 2024-04-23T09:30:32+07:00 Sigit Kurnianto [email protected] Sri Ningsih [email protected] <p>This study aims to investigate the influence of adaptive, competence, and transformative leadership on individual performance. This quantitative study uses Partial Least Square Structural Equation Modeling (PLS-SEM) to test the hypothesis. This paper uses the survey method, and data was collected using questionnaires. As many as 271 East Java, Indonesia civil servants participated in this study. The results showed that adaptive, competent, and transformative leadership positively affects individual performance. This research can provide insight for government officials to improve ASN performance by paying attention to Adaptive ability and competence. In addition, it helps ASN structural officials develop effective leadership strategies to improve individual performance with transformative leadership. This research has the potential to help increase the effectiveness and productivity of ASN, which in turn will positively impact public services and state development. Previous research that relates to individual performance still needs to be made available. In addition, this research is the only study that applies transformative, adaptive, and competency leadership to individual performance in Indonesia, especially ASN in East Java.</p> 2024-03-30T00:00:00+07:00 Copyright (c) 2024