Jurnal Ilmu Manajemen dan Ekonomika

Integration of ESG, Profitability, and Good Corporate Governance: Strategy for Increasing Firm Value

2025-05-31T06:13:56+00:00

This study aims to determine the effect of ESG disclosure, profitability, and governance (GCG) on firm value proxied by Tobins’Q. This study falls into the category of quantitative research. A total of 67 non-financial companies listed on the IDX were included in the sample for 2019 to 2023. The sampling method used was purposive sampling. Data analysis was carried out using multiple regression methods. The results showed that ESG, institutional ownership, independent board of commissioners and audit committee have an effect on firm value. While financial performance has no effect on firm value. These findings are deepened by including profitability and governance (GCG) variables, with a concentration on non-financial companies listed on the IDX. The theoretical framework applied includes legitimacy theory and agency theory.

The Role of Social Media Marketing in the Formation of Brand Loyalty with Brand Trust and Brand Engagement as Mediating Variables (Case Study of NPure Skincare Products)

2025-05-22T07:51:40+00:00

This study aims to determine the role of social media marketing in building brand loyalty for Npure skincare products, with a focus on brand trust and brand engagement as mediating variables. The method used in this research is to collect data obtained from distributing questionnaires totaling 115 respondents with the criteria of active social media users, have seen Npure skincare advertisements on Instagram social media and have made purchases at least 2 times and use Npure skincare. In analyzing data using SEM analysis assisted by smartPLS. From the results of the hypothesis testing that the researchers have done, the researchers found a positive influence between the two variables (social media marketing, brand engagement on brand loyalty) and the absence of the influence of brand trust on brand loyalty. The managerial implications of this study include the importance of developing interesting and interactive digital marketing strategies.

Generation Z's Consumption and Savings Preferences Amidst Economic Uncertainty: A Thematic Analysis Approach

2025-06-11T02:33:13+00:00

This study explores the consumption behaviour and savings preferences of Generation Z Indonesia (aged 17-25 years) in the face of global economic uncertainty using a qualitative approach through in-depth interviews. The results show a duality of behaviour, where the majority of respondents have an awareness of saving for emergency funds or investment, but the consistency of saving is hampered by irregular income and a consumptive lifestyle influenced by social media as a source of information as well as a trigger for impulsive consumption. Additional quantitative data reveals that 63% of respondents allocate more than 30% of their income to lifestyle, while 57% actively use digital investment apps. This research emphasizes the importance of digital financial literacy and consumption behaviour education as strategies to create more adaptive and sustainable financial management among Generation Z and recommends the integration of financial literacy in the education curriculum and protective regulation of digital financial platforms.

Gross Domestic Product and Household Consumption Affect Gross Savings: A Long-Term Time Series Analysis in Indonesia

2025-06-10T09:14:23+00:00

This study aims to analyze the effect of national income, interest rates, and household consumption on the savings in Indonesia. The data used is secondary annual time series data for the period 2004-2023, obtained from the Central Bureau of Statistics and Bank Indonesia. The analysis method used is multiple linear regression with the Ordinary Least Squares (OLS) approach. The results showed that simultaneously the three independent variables had a significant effect on savings. Partially, national income has a positive and significant effect, household consumption has a negative and significant effect, while interest rates have a positive but insignificant effect on the level of savings. These results suggest the importance of macroeconomic strategies that support income growth and consumption efficiency to strengthen the saving capacity of Indonesians.

Determinants of Gold Prices in Indonesia Period of 2018-2022

2025-06-17T03:50:05+00:00

Gold plays a significant role in the economy, serving both as a store of value and an indicator of economic stability. This study aims to examine the impact of exchange rates, interest rates, the Indonesia Composite Stock Index (IHSG), and world oil prices on gold prices in Indonesia. The study utilizes monthly secondary data from January 2018 to December 2022 and applies the Vector Error Correction Model (VECM) for analysis. The long-run estimation results indicate that exchange rates, interest rates, and IHSG significantly influence gold prices, while world oil prices have a negative impact. In the short run, only the IHSG exhibits a significant negative effect. The Impulse Response Function (IRF) reveals that exchange rates and the IHSG generate negative shocks, whereas interest rates and world oil prices generate positive shocks to gold prices. Furthermore, the Variance Decomposition analysis shows that exchange rates contribute the most to gold price fluctuations, followed by the IHSG, interest rates, and world oil prices.

Response of Indonesia’s Fisheries GDP to Interest Rates, Inflation, Exchange Rates, and Fisheries Sector Performance: A Blue Economy Perspective

2025-06-11T09:29:31+00:00

This study analyzes how Indonesia’s fisheries GDP (FISHGDP) responds to real interest rate, inflation, exchange rate, fisheries production, and exports within the Blue Economy framework. Using VECM and data from 1985–2024, it examines short- and long-term relationships through IRF and Variance Decomposition. Results show fisheries’ GDP responds positively to inflation, production, and exports, but negatively to exchange rates, with mixed responses to interest rates. In the long term, FISHGDP variation is mainly explained by its own past values (80.14%), followed by fisheries production (7.71%), interest rate (6.50%), exchange rate (4.94%), inflation (1.09%), and exports (0.77%). This highlights the key role of macroeconomic stability and fisheries productivity for Indonesia’s Blue Economy growth.

The Role of Emotional Intelligence and Organizational Culture in Improving Employee Performance: Empirical Evidence from Gajah Sakti Village

2025-06-17T04:06:32+00:00

This research aims to determine the role of emotional intelligence and organizational culture in improving employee performance: empirical evidence from Gajah Sakti Village. Gajah Sakti Village faces several labor-related issues with low performance associated with discipline and initiative. These problems can be linked to low emotional intelligence and poor organizational culture. This study employs a quantitative approach using a survey method involving 80 respondents. The analysis using the Partial Least Square (PLS) method shows that emotional intelligence and organizational culture have a positive and significant impact on employee performance. This means that the higher the emotional intelligence, the better the organizational culture, and the better the employee performance. This study recommends that the village government hold workshops on emotional intelligence and improve the organizational culture to enhance employee performance.