EKUITAS (Jurnal Ekonomi dan Keuangan)

THE ROLE OF HOLISTIC OWNER INVOLVEMENT AS A STRATEGY TO IMPROVE FINANCIAL PERFORMANCE

Kasmawati Kasmawati — 2024-09-05

The objective of this study is to examine the impact of liquidity, financial leverage, and company size on financial performance, with the moderation of holistic owner engagement in LQ45 enterprises. The study utilizes secondary data obtained from LQ45 firms that are publicly traded on the Indonesia Stock Exchange from 2020 to 2023. The data were subjected to panel data regression analysis. The findings suggest that liquidity, financial leverage, business size, and holistic owner participation all have an impact on financial success. In addition, the level of owner engagement has a moderating effect on the impact of liquidity, financial leverage, and firm size on financial performance. This study suggests that adopting a comprehensive approach to owner involvement can be an effective strategy for enhancing the financial performance of companies that are listed on the Indonesia Stock Exchange. Previous empirical research has yet to examine the impact of comprehensive owner engagement as a moderator on enhancing financial success. According to the findings, a successful approach to enhancing financial performance is to have comprehensive owner engagement in the organization.

EXPLORING THE NEXUS BETWEEN SERVICE QUALITY, PATIENT SATISFACTION, AND RECOMMENDATION INTENTIONS IN FAITH-BASED HOSPITAL SETTINGS

Ayu Christa Pratiwi Inaray — 2024-09-05

More research is needed, particularly examining the connection between service quality and patient happiness in the setting of faith-based hospitals. This study seeks to fill this empirical void by investigating the correlation between service quality, patient satisfaction, and the intention to recommend a faith-based private hospital. An empirical study was carried out from October to November 2022, with a sample of 200 participants who underwent medical treatment at religiously affiliated facilities in Manado, North Sulawesi, Indonesia. The quantitative data were examined using structural equation modelling (SEM) using SmartPLS version 3.2. The results suggest that the quality of healthcare services has a favourable impact on consumer satisfaction. The intention to promote healthcare services is strongly influenced by patient satisfaction. Moreover, patient satisfaction completely mediates the association between healthcare service quality and recommendation intention. Furthermore, the study highlights reliability as the primary determinant in forecasting the quality of healthcare services. The findings enhance comprehension of the dynamics within faith-based hospital settings, guiding strategic initiatives to enhance healthcare delivery and patient outcomes.

EXPLORING CONTROL ENVIRONMENT PRACTICES IN LOCAL GOVERNMENT-OWNED COMPANIES

Muhammad Ridwan Arif — 2024-09-06

This study investigated and evaluated the implementation of governance practices concerning the control environment in government-operated water supply firms in South Sulawesi Province, Indonesia. The objective of this study was to ascertain the most effective methods for implementing governance within government-owned firms. It also examined the maturity level of the control environment. This study utilized the multiple case study method and focused on three observed organizations. The qualitative data was analyzed using implementation-level assessment and comparison analysis across the cases. Multiple discoveries were unveiled in this investigation. Initially, the implementation of a control environment in observed organizations was rudimentary. Furthermore, effective communication and coordination across pertinent departments enhanced control consciousness inside the organization. Furthermore, this study recognized the significance of employing a procedural selection process for audit firms. Nevertheless, multiple domains necessitate enhancement to augment the quality of governance, specifically recognizing the significance of risk management and compliance programs. Additional aspects that may arise in control environment practices, such as corporate culture and political difficulties, should be further investigated.

IMPROVING PURCHASING DECISIONS THROUGH PERCEIVED FOOD QUALITY: AN SERVICE DOMINANT LOGIC (SDL) APPROACH

Lusi Suwandari — 2024-09-10

This study aimed to investigate the impact of visual and verbal packaging on purchasing choices by assessing the perceived quality of food. One hundred seventy-five respondents were surveyed, specifically consumers who purchase MSME food goods in Banyumas Regency, including food, beverages, crafts, and other packaged items. This study employs AMOS structural equation modelling to examine the proposed research model. The findings indicate that visual and verbal packaging benefits the perceived quality of food and influences consumers' purchasing choices. The variable of perceived food quality has a beneficial influence on purchase decisions and can operate as a mediator between visual and verbal packaging regarding buying decisions. The model is grounded in the Service's Dominant logic and the consumption value theory. According to this theory, consumer behaviour is influenced by cognitive and hedonic evaluations that stem from consumption experiences. These experiences highlight the active involvement of consumers in creating value during their interactions with products, including visual packaging, verbal packaging, and perceived food quality.

THE ROLE OF WORK MOTIVATION IN MODERATING INDIVIDUAL FACTORS THAT INFLUENCE EMPLOYEE PERFORMANCE

Diana Sulianti K Tobing — 2024-09-12

The purpose of this study is to ascertain how work motivation, acting as a moderating variable, influences employee performance in the Jember Regency Forestry State-Owned Enterprise by mediating individual factors such as organizational commitment, career development, and individual characteristics. The research sample consisted of 157 respondents. The research utilizes both primary and secondary data. The study methodology employed is the Interaction Test, often known as MRA (Moderated Regression Analysis). The study's findings demonstrate that individual traits (X3), career advancement (X2), and organizational commitment (X1) all significantly and partially improve employee performance (Y). Work motivation (Z) has the potential to either attenuate or enhance the impact of organizational commitment (X1) on employee performance (Y). Work motivation (Z) has the potential to either decrease or enhance the impact of career growth (X2) on employee performance (Y). Work motivation (Z) has the potential to either attenuate or enhance the impact of individual attributes (X3) on employee performance (Y). The research suggests that the firm's capacity to sustain a harmonious work motivation can foster loyalty to the company, as well as a drive to deliver high performance for the company.

BEHAVIOUR BIAS IN INVESTMENT DECISIONS: EMPIRICAL STUDY OF INVESTOR PSYCHOLOGY IN INDONESIA

Deddy Marciano — 2024-09-19

Investing involves putting money into a variety of asset classes for a predetermined amount of time in the hopes of increasing total value and producing more income. The goals of investments and economics, such as value creation, profit generation, and other related goals, are strongly correlated. It is critical to recognize that investments may include additional financial, social, and spiritual goals. This research aims to assess investor behavior from internal and external perspectives concerning investing decisions. This study employs the Structural Equation Model (SEM) methodology utilizing the Smart-PLS software. This study's findings demonstrate that qualities including anger, anxiety, overconfidence, and self-monitoring positively influence investment decisions. Herding mitigates the adverse impacts of anger, anxiety, overconfidence, and self-monitoring on investment decisions. This research's consequences can assist investors in circumventing irrational risks and yield more objective findings grounded in thorough study. This tendency can result in inefficient market transactions, asset bubbles, and significant volatility. This study arose as a counter to the conventional understanding of exchange markets predicated on the premise of trader rationality. This research identifies that emotional emotions, risk perception, and cognitive biases frequently affect investment decisions by comprehending human nature.

SOCIAL MEDIA'S IMPACT ON CARDIGAN SHOPPING: TRUST, CONNECTION, AND QUALITY MATTER

Aditya Yudanegara — 2024-09-20

This study aims to analyze the effect of social media interaction on cardigan purchase behavior, with a specific focus on customer relationship management, purchasing intentions, and brand engagement. The study employs a quantitative methodology, gathering data from Instagram users aged 18 to 25 in the West Java Region who are acquainted with the Sweater Vest 'Cardigan' brand. The review employs a purposive sample of 220 respondents and uses the Likert scale survey. The investigation used the Partial Least Squares Structural Equation Modeling (PLS-SEM) method, which was specifically chosen due to the complex models and few samples. The findings reveal that virtual entertainment collaboration significantly influences sources of credibility, sources of homophily, and content quality, ultimately impacting purchase intention and behavioral engagement. This study enhances understanding the role of online entertainment in shaping consumer behavior. It also provides recommendations for companies to advance their networking capabilities, marketing credibility, and customer relationship management in cardigan shopping industry. Moreover, this study emphasizes the need for enterprises to prioritize the content quality and its impact on behavioral engagement to create value, and contribute valuable insights to the existing literature.

JOB SATISFACTION AND ORGANIZATIONAL COMMITMENT MEDIATING WORKPLACE SPIRITUALITY ON JOB PERFORMANCE

Dwi Wahyu Pril Ranto — 2024-09-25

The aim of this research is to elaborate the role of workplace spirituality in increasing job satisfaction, organizational commitment and organizational performance. The population in this study were lecturers and educational staff at the Nahdlatul Ulama Islamic University Jepara. Convenience sampling was used in this research due to considerations of ease in reaching respondents and efficiency of time used in sampling. Research data was obtained through distributing questionnaires to lecturers and education staff. The data obtained were 88 respondents. To test the hypothesis, Structural Equation Modeling was used and Partial Least Square version 3.0. The research results show that workplace spirituality and organizational commitment have no effect on job performance. However, job satisfaction can improve job performance. The results of this research show that employees who are committed to the organization and happy as a form of representation of workplace spirituality do not make them try to improve their performance. However, satisfied employees are able to contribute to improving organizational performance. And organizational commitment mediates the influence of workplace spirituality on job performance, while job satisfaction does not mediate the influence of workplace spirituality on job performance.

ENHANCING MSME FINANCIAL REPORTING IN EAST JAVA: THE ROLE OF MENTORSHIP

Eny Zuhrotin Nasyiah — 2024-09-30

This study investigates how mentoring, financial inclusion, and financial literacy dynamics affect the calibre of financial reporting among East Javan MSMEs. Data was gathered quantitatively by surveying 210 MSME owners from various business levels and industrial sectors. Random sampling was used to guarantee the analysis's representativeness. The findings show a strong correlation between mentoring, financial inclusion, financial literacy, and the calibre of MSME financial reporting. Accuracy and timeliness of financial reporting were positively impacted by high financial literacy and inclusion and excellent mentoring. The findings highlight how crucial these elements are to improving the calibre of MSME financial reporting and providing insightful information to financial institutions and policymakers. As a result, improving MSME accountability, transparency, and overall financial management can be significantly assisted by specific measures, including financial literacy and mentorship programs. Stakeholders may help improve financial reporting procedures, which are critical to the long-term viability and expansion of MSME, by tackling these issues. This study addresses a foundation for developing more effective plans to improve MSME financial reporting in East Java and other areas.

THE INFLUENCE OF MESSAGES IN SOCIAL MEDIA ON TAXPAYER COMPLIANCE

Latifah Hanum — 2024-09-30

This study integrates the Theory of Planned Behavior (TPB) and the Elaboration Likelihood Model (ELM) to assess and explain taxpayers' compliance with the Twitter account @DitjenPajakRI. This is a quantitative study with an explanatory approach. A purposive sample strategy was used with a questionnaire to collect data for this research. A total of 200 people filled out the research questionnaire. According to the study’s findings, Source Credibility influences Attitudes, and the two TPB components, Attitudes and Perceived Behavioral Control, influence Taxpayer Compliance. As for the relationship between Argument Quality and Source Credibility on Attitudes, there is no moderating effect of Involvement; instead, the relationship between Source Credibility and Taxpayer Compliance through Attitudes is a full mediation relationship. The findings of this study can assist the tax authority in developing strategies and policies for efficiently and effectively communicating tax information to taxpayers as they make decisions about how to fulfill their tax rights and obligations through messages from central route, peripheral route, normative, and non-volitional processes.