AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis

Pengaruh Motivasi Kerja, Budaya Kerja, dan Lingkungan Kerja terhadap Kinerja Karyawan pada CV Batam Pangan Mandiri

2026-04-17T00:39:47+00:00

Human resources play a strategic role in determining organizational success and sustainability. Employee performance is one of the most important indicators of organizational effectiveness because it reflects the achievement of organizational goals through employees’ work outcomes. However, employee performance may be influenced by several factors, including work motivation, work culture, and work environment. This study aimed to analyze the effect of work motivation, work culture, and work environment on employee performance at CV Batam Pangan Mandiri, both partially and simultaneously. This research employed a quantitative approach using multiple linear regression analysis. The study involved all 45 employees of CV Batam Pangan Mandiri as respondents through a saturated sampling technique. Data were collected using a structured questionnaire based on a five-point Likert scale and analyzed using SPSS version 19.0. The findings revealed that work environment was the most dominant factor influencing employee performance, contributing 33.60%, followed by work culture at 30.50% and work motivation at 11.50%. Simultaneously, work motivation, work culture, and work environment had a significant effect on employee performance, with an F-value of 18.436 and a coefficient of determination of 55.10%. These results indicate that improving employee performance requires an integrated approach involving strong work motivation, a positive work culture, and a supportive work environment.

The Effect of Dividend Policy, Sales Growth, and Firm Size on Firm Value

2026-05-02T13:13:23+00:00

Firm value is an important indicator of a company's performance and attractiveness to investors. However, previous studies have reported inconsistent findings regarding the effects of dividend policy, sales growth, and firm size on firm value, particularly in the consumer non-cyclicals sector. This study aims to examine the influence of dividend policy, sales growth, and firm size on firm value in consumer non-cyclicals companies listed on the Indonesia Stock Exchange during the 2019–2023 period. This research uses a quantitative approach with secondary data obtained from annual reports. The sample consists of 18 companies selected through purposive sampling, resulting in 90 observations. Data were analyzed using panel data regression with the Fixed Effect Model (FEM). The results show that dividend policy has a significant negative effect on firm value, while sales growth and firm size do not have a significant effect on firm value. Simultaneously, dividend policy, sales growth, and firm size significantly affect firm value. These findings provide additional empirical evidence regarding the determinants of firm value in Indonesia’s consumer non-cyclicals sector and offer practical insights for investors and corporate management in making financial and investment decisions.

Pengaruh Opini Audit Tahun Sebelumnya, Financial Distress, dan Komite Audit terhadap Audit Delay

2026-05-07T09:33:20+00:00

Audit delay remains a recurring issue because it reduces the timeliness of financial reporting and may affect the relevance of information used by investors and other stakeholders. Previous studies have reported inconsistent findings regarding the determinants of audit delay, particularly concerning previous audit opinion, financial distress, and audit committee characteristics. This study aims to examine the influence of previous audit opinion, financial distress, and audit committee on audit delay in Basic Materials companies listed on the Indonesia Stock Exchange during the 2021-2024 period. The study employed a quantitative approach using secondary data obtained from annual reports. Samples were selected through purposive sampling, and the hypotheses were tested using panel data regression analysis. The findings indicate that previous audit opinion has a positive and significant effect on audit delay, suggesting that companies receiving certain audit opinions tend to experience longer audit completion. Financial distress does not have a significant effect on audit delay, indicating that a company's financial condition is not the primary consideration in determining audit completion time. Meanwhile, the audit committee has a negative and significant effect on audit delay, implying that stronger audit committee oversight contributes to a more timely audit process. These findings provide practical implications for corporate management and regulators in strengthening corporate governance to improve the timeliness of audited financial reporting.

Pengaruh Motivasi, Disiplin, dan Tingkat Pendidikan terhadap Kinerja Guru pada Perguruan Tamansiswa Kecamatan Pulo Bandring Kabupaten Asahan

2026-05-08T09:27:27+00:00

This study aims to examine the partial and simultaneous effects of motivation, work discipline, and education level on teacher performance at Persatuan Perguruan Tamansiswa Sukadamai, Asahan Regency. This research employed a quantitative correlational design. The population consisted of 64 teachers, and a census (total sampling) technique was used, meaning all population members were involved as respondents. Data were collected through a structured questionnaire and analyzed using multiple linear regression with SPSS. The results of the t-test show that motivation has a positive and significant effect on teacher performance (t = 2.620 > 2.000, p = 0.011), work discipline has a positive and significant effect (t = 3.676 > 2.000, p = 0.001), and education level also has a positive and significant effect (t = 8.163 > 2.000, p = 0.000). The F-test results indicate that motivation, work discipline, and education level simultaneously have a significant effect on teacher performance (F = 205.461 > 2.76, p = 0.000). The Adjusted R Square value of 0.907 indicates that 90.7% of teacher performance is explained by these variables, while the remaining 9.3% is influenced by other factors. The novelty of this study lies in the integrated analysis of motivation, work discipline, and education level within a single empirical model in the context of a Tamansiswa-based school, providing stronger localized evidence compared to previous studies that generally examined these variables separately.

Pengaruh Authentic Leadership, Kualitas Kehidupan Kerja, dan Pengawasan Internal terhadap Kinerja Pegawai pada Dinas Pemberdayaan Masyarakat dan Desa Kabupaten Asahan

2026-05-14T01:42:52+00:00

Employee performance is a key factor in ensuring the effectiveness of public organizations in delivering quality public services. However, differences in leadership practices, employees' perceptions of their work environment, and the effectiveness of internal supervision may influence performance outcomes within government institutions. This study aims to examine the effects of authentic leadership, quality of work life, and internal supervision on employee performance at the Community and Village Empowerment Office of Asahan Regency. A quantitative explanatory approach was employed using a census sampling technique involving all 35 employees of the institution. Primary data were collected through structured questionnaires measured on a five-point Likert scale and analyzed using multiple linear regression with SPSS. The findings indicate that authentic leadership, quality of work life, and internal supervision each have a positive and significant effect on employee performance. Simultaneously, the three independent variables significantly explain variations in employee performance, with an adjusted coefficient of determination of 0.900, indicating that 90.0% of employee performance is explained by the proposed model. These findings highlight the importance of strengthening authentic leadership practices, improving employees' quality of work life, and enhancing internal supervision to support better organizational performance in the public sector.

Pengaruh Strategi Pemasaran Digital, Kualitas Produk, dan Harga terhadap Loyalitas Pelanggan Pada Brand Kecantikan Skintific : Studi Kasus Konsumen di Kabupaten Asahan

2026-05-16T01:58:18+00:00

The rapid growth of Indonesia's beauty industry has intensified competition among skincare brands, making customer loyalty increasingly difficult to maintain despite extensive digital marketing activities and product innovation. This study aims to examine the influence of digital marketing strategy, product quality, and price on customer loyalty toward the Skintific beauty brand in Asahan Regency. A quantitative approach with an associative research design was employed. Data were collected through questionnaires from 96 Skintific consumers selected using the Cochran sampling formula and analyzed using multiple linear regression with SPSS. The findings reveal that digital marketing strategy and price have a positive and significant effect on customer loyalty, while product quality has a positive but insignificant effect. Simultaneously, the three independent variables significantly influence customer loyalty (F = 12.328; p < 0.001). The coefficient of determination (R² = 0.287) indicates that 28.7% of customer loyalty is explained by the proposed model, whereas the remaining variation is associated with other factors beyond this study. These findings suggest that strengthening digital marketing initiatives and maintaining competitive pricing are important strategies for improving customer loyalty in the skincare market.

Pengaruh Audit Kepatuhan dan Pengendalian Internal terhadap Efektivitas Pelayanan di PT Angkutan Sungai, Danau dan Penyebrangan (ASDP) Kota Bengkulu

2026-05-23T09:59:51+00:00

The effectiveness of public services in Indonesia continues to face challenges due to inconsistent compliance with operational regulations and weaknesses in internal control systems, particularly in transportation service providers. Although previous studies have examined compliance audits and internal control separately, empirical evidence regarding their combined influence on service effectiveness in ferry transportation remains limited. This study aims to examine the effect of compliance audits and internal control on service effectiveness at PT ASDP Indonesia Ferry (Persero) Bengkulu Branch. A quantitative approach with a causal associative design was employed. The study involved all 30 employees of the company using a saturated sampling technique. Primary data were collected through structured questionnaires and analyzed using multiple linear regression. The findings indicate that compliance audit does not have a significant effect on service effectiveness (p = 0.475), whereas internal control has a positive and significant effect (p < 0.001). Simultaneously, both variables significantly influence service effectiveness (p < 0.001). These findings highlight the strategic role of strengthening internal control systems in improving the quality and effectiveness of ferry transportation services while providing empirical evidence within the context of Indonesia's maritime transportation sector.

Pengaruh Kepuasan Kerja, Motivasi Intrinsik, dan Motivasi Ekstrinsik terhadap Kinerja Pegawai pada Badan Pengelola Keuangan, Pendapatan dan Aset Daerah Kota Tanjungbalai

2026-05-30T12:47:48+00:00

Employee performance is an essential factor in achieving organizational effectiveness, yet differences in individual performance remain a challenge for many public institutions. Job satisfaction and work motivation are considered important determinants that may influence employees' performance. This study aimed to examine the effects of job satisfaction, intrinsic motivation, and extrinsic motivation on employee performance at the Regional Financial, Revenue, and Asset Management Agency (BPKPAD) of Tanjungbalai City. A quantitative approach was employed using a census sampling technique involving all 36 employees of the institution. Primary data were collected through structured questionnaires and analyzed using multiple linear regression, supported by validity, reliability, and classical assumption tests. The findings indicate that job satisfaction, intrinsic motivation, and extrinsic motivation each have a positive and significant effect on employee performance. Simultaneously, these three variables also significantly influence employee performance. The coefficient of determination shows that 96.1% of the variation in employee performance can be explained by the three independent variables, while the remaining 3.9% is attributable to other factors beyond the scope of this study. These findings highlight the importance of strengthening employee satisfaction and motivation to improve organizational performance in the public sector.

Pengaruh Kepatuhan Pajak dan Investasi terhadap Agresivitas Pajak : Studi Kasus PT Bukit Asam Tbk Periode 2017-2024

2026-06-03T01:31:46+00:00

Corporate tax aggressiveness remains a major concern because companies may legally reduce their tax burden through various financial strategies, while empirical evidence regarding the roles of tax compliance and investment decisions remains inconsistent. This study aims to examine the effects of tax compliance and investment, proxied by capital intensity, on tax aggressiveness at PT Bukit Asam Tbk during the 2017–2024 period. A quantitative approach was employed using quarterly secondary data obtained from the company's published financial statements. The study analyzed 32 observations through multiple linear regression, preceded by descriptive statistics and classical assumption tests. The findings indicate that tax compliance does not have a significant effect on tax aggressiveness, suggesting that compliance with tax regulations does not necessarily limit corporate tax planning practices. In contrast, investment has a positive and significant effect on tax aggressiveness, indicating that higher capital investment provides greater opportunities for companies to optimize tax expenses through depreciation and other tax incentives. Simultaneously, tax compliance and investment significantly influence tax aggressiveness. These findings contribute to the understanding of corporate tax behavior in the mining sector and provide empirical evidence for future studies on tax planning and corporate taxation.

Analisis Digital Marketing terhadap Purchase Intention melalui Electronic Word of Mouth (E-WOM) sebagai Variabel Mediasi pada Produk Skintific

2026-06-04T12:45:24+00:00

The rapid growth of digital technology has transformed the way companies promote skincare products and interact with consumers through digital platforms. In the highly competitive skincare industry, consumers are increasingly influenced not only by firms’ digital marketing activities but also by online reviews and recommendations shared by other users. However, previous studies have reported inconsistent findings regarding the relationship between digital marketing and purchase intention, indicating the need for further investigation. This study aims to examine the effect of Digital Marketing on Purchase Intention, with Electronic Word of Mouth (E-WOM) serving as a mediating variable among consumers of Skintific skincare products in Sukabumi City. A quantitative approach with a causal associative design was employed. Data were collected through questionnaires distributed to 165 respondents selected using purposive sampling and analyzed using Structural Equation Modeling Partial Least Squares (SEM-PLS) with SmartPLS 4. The findings reveal that Digital Marketing positively influences both E-WOM and Purchase Intention. In addition, E-WOM has a significant positive effect on Purchase Intention and partially mediates the relationship between Digital Marketing and Purchase Intention. These findings suggest that effective digital marketing, supported by positive online consumer interactions, can strengthen consumers’ intention to purchase Skintific products and provide practical insights for developing more effective digital marketing strategies.

Fenomenologi Gaya Hidup Frugal Living: Analisis Peran Media Sosial, Penggunaan E-Wallet, dan Strategi Pengelolaan Keuangan di Era Digital

2026-06-06T02:02:22+00:00

This study explores the implementation of frugal living among migrant students in the digital era, particularly in relation to social media exposure and e-wallet usage. The research aims to understand how students interpret frugal living and develop financial management strategies while living independently. A qualitative phenomenological approach was employed, involving six migrant students at Universitas Kristen Teknologi Surakarta who had practiced frugal living for at least two years. Data were collected through in-depth interviews, participatory observation, and documentation, then analyzed using reflexive thematic analysis. The findings indicate that frugal living is perceived as a conscious effort to prioritize needs over wants rather than merely reducing spending. Social media has a dual role: it provides financial education and inspiration for a simple lifestyle, yet also encourages consumptive behavior through trends, influencers, and fear of missing out (FoMO). E-wallets similarly function as both financial control tools and triggers for impulsive purchases due to transaction convenience and promotional features. The study further reveals that self-control is more decisive than financial literacy in maintaining consistent frugal behavior. Over time, frugal living evolves from a survival strategy into a chosen lifestyle that supports financial stability and psychological well-being among migrant students.

Analisis Etika di Tempat Kerja terhadap Kasus Pelecehan Verbal dan Catcalling pada Pekerja Perempuan

2026-06-06T02:04:01+00:00

Catcalling remains a common form of verbal sexual harassment experienced by women in the workplace and is frequently normalized as harmless humor or casual interaction. Such perceptions weaken efforts to create safe, respectful, and professional working environments while exposing female employees to psychological distress and reduced work performance. This study aims to examine workplace ethics in addressing verbal harassment and catcalling directed at female workers and to identify preventive measures from ethical and legal perspectives. The research employed a qualitative library research approach by reviewing relevant books, scientific journal articles, laws and regulations, and institutional reports published between 2021 and 2025. The collected literature was analyzed using descriptive content analysis to identify recurring themes related to workplace ethics, legal protection, and organizational responsibility. The findings indicate that catcalling constitutes a violation of professional ethics and personal dignity rather than a form of harmless communication. The practice is sustained by gender stereotypes, weak organizational oversight, and limited awareness of ethical workplace behavior. Strengthening anti-harassment policies, promoting ethical communication, providing secure reporting mechanisms, and enforcing legal protections are essential to fostering a safer and more inclusive workplace for female employees.

Pengaruh Literasi Keuangan, Penggunaan E-Wallet, Gaya Hidup dan Pendapatan terhadap Perilaku Konsumtif Generasi Z

2026-06-06T12:53:44+00:00

The rapid expansion of digital payment systems and online shopping has intensified consumptive behavior among Generation Z, raising concerns about the role of financial capability and lifestyle in shaping purchasing decisions. This study aims to examine the influence of financial literacy, e-wallet usage, lifestyle, and income on the consumptive behavior of Generation Z in Surakarta. A quantitative approach was employed using a survey of 100 Generation Z respondents selected through purposive sampling. Data were collected using a structured questionnaire and analyzed through multiple linear regression after meeting the validity, reliability, and classical assumption tests. The findings indicate that financial literacy has a significant negative effect on consumptive behavior, suggesting that individuals with better financial knowledge tend to make more rational spending decisions. In contrast, e-wallet usage, lifestyle, and income have significant positive effects, indicating that greater access to digital payment services, a more consumption-oriented lifestyle, and higher income levels encourage higher consumption. Collectively, these variables explain a substantial proportion of the variation in consumptive behavior. The findings provide empirical evidence that strengthening financial literacy while promoting responsible digital financial practices is essential to encourage more sustainable consumption patterns among Generation Z.

Pengaruh Kenaikan Harga Gadget terhadap Keputusan Pembelian Konsumen di Era Digital

2026-06-06T12:59:00+00:00

The continuous increase in gadget prices has become an important issue in the digital era because these devices are no longer considered luxury products but essential tools for education, work, communication, and daily activities. Rising production costs, technological innovation, exchange rate fluctuations, and global economic conditions have contributed to higher market prices, potentially influencing consumer purchasing decisions. This study aims to examine the effect of increasing gadget prices on consumer purchasing decisions. A quantitative survey was conducted using purposive sampling involving 60 respondents who had purchased or used gadgets. Data were collected through an online questionnaire and analyzed using validity and reliability tests, descriptive statistics, and simple linear regression. The findings reveal that consumers are increasingly selective when purchasing gadgets. Many respondents prefer delaying purchases, waiting for promotional offers, or considering more affordable alternatives. Nevertheless, gadgets remain essential products, encouraging consumers to continue purchasing them despite higher prices. Statistical analysis indicates that rising gadget prices have a positive and significant effect on purchasing decisions and explain a moderate proportion of consumer decision variability. These findings suggest that consumers evaluate not only price but also product usefulness, quality, features, and overall value before making purchasing decisions.

Pengaruh Transformasi Digital, Kompensasi, dan Perubahan Pola Kerja terhadap Kinerja Dosen Universitas Teknologi Solo

2026-06-08T13:04:24+00:00

The rapid adoption of digital technologies has reshaped higher education and encouraged universities to adjust their management practices to maintain lecturer performance. Previous studies have generally examined digital transformation, compensation, and work pattern changes separately, resulting in inconsistent findings regarding their influence on lecturer performance. This study aims to investigate the simultaneous and partial effects of digital transformation, compensation, and changes in work patterns on lecturer performance at Universitas Kristen Teknologi Solo. A quantitative research design was employed using a survey method. Data were collected through questionnaires administered to all 35 active lecturers using a saturated sampling technique. The data were analyzed using multiple linear regression to examine the relationships among the variables. The findings indicate that digital transformation and changes in work patterns have a positive and significant effect on lecturer performance, while compensation has a positive but statistically insignificant effect. Simultaneously, the three independent variables significantly explain lecturer performance. These findings suggest that strengthening digital capabilities and implementing adaptive work systems contribute more substantially to lecturer performance than compensation alone. The study provides additional empirical evidence on the combined role of technological adaptation and flexible work practices in improving lecturer performance within private higher education institutions.

Pengaruh Environmental, Social dan Governance terhadap Nilai Perusahaan dengan External Assurance sebagai Moderasi

2026-06-16T01:35:34+00:00

This study addresses the inconsistent evidence regarding the relationship between Environmental, Social, and Governance (ESG) disclosure and firm value, particularly when the credibility of sustainability information is strengthened through external assurance. The research aims to examine the individual effects of environmental, social, and governance disclosures on firm value and to investigate whether external assurance moderates these relationships. The study focuses on basic materials companies listed on the Indonesia Stock Exchange during the 2022-2024 period. A purposive sampling technique resulted in 60 firm-year observations. Data were analyzed using panel data regression with the Fixed Effect Model and Moderated Regression Analysis (MRA) in EViews 13. The findings indicate that environmental, social, and governance disclosures do not individually have a significant effect on firm value. In addition, external assurance does not strengthen the relationship between ESG disclosure and firm value. These results suggest that investors have not yet considered ESG disclosure and external assurance as important determinants of firm value in the Indonesian basic materials sector. This study contributes to the ESG literature by providing empirical evidence that the credibility of sustainability reporting through external assurance has not yet generated a stronger market response in an emerging market context.

Dampak Harga Diri, Literasi Media, dan Kreativitas: Strategi Personal Branding Mahasiswa Manajemen Generasi Z Universitas Kristen Teknologi Solo

2026-06-16T12:25:19+00:00

The increasing use of Instagram among Generation Z has transformed the platform from a communication tool into an important medium for developing personal branding. Although previous studies have examined factors related to personal branding, limited attention has been given to the combined influence of self-esteem, media literacy, and creativity among university students. This study aims to examine the effects of self-esteem, media literacy, and creativity on the personal branding of Generation Z management students at Solo Christian Technology University. A quantitative approach was employed using a survey method. Data were collected from 40 students selected through purposive sampling and measured using a four-point Likert scale. The data were analyzed using validity and reliability tests, classical assumption tests, multiple linear regression, partial (t-test), simultaneous (F-test), and the coefficient of determination (R²). The findings indicate that self-esteem, media literacy, and creativity each have a positive and significant effect on personal branding. Simultaneously, these variables explain 55.6% of the variation in personal branding, while the remaining 44.4% is influenced by other factors beyond the scope of this study. These findings highlight the importance of psychological and digital competencies in strengthening personal branding among Generation Z students in the digital environment.

Pengaruh Literasi Keuangan, Pendapatan, dan Gaya Hidup terhadap Perilaku Keuangan Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Muhadi Setiabudi

2026-06-18T12:03:58+00:00

Financial management remains a challenge for many university students despite their exposure to financial education, as inadequate financial literacy, limited income, and consumptive lifestyles often influence financial decision-making. This study aims to examine the effects of financial literacy, income, and lifestyle on the financial behavior of students at the Faculty of Economics and Business, Universitas Muhadi Setiabudi. A quantitative associative approach was employed using primary data collected through questionnaires. The study involved 113 respondents selected from a population of 403 students using the Slovin formula and purposive sampling technique. Data were analyzed through multiple linear regression supported by validity and reliability testing, classical assumption tests, t-tests, F-tests, and the coefficient of determination using SPSS. The findings indicate that financial literacy, income, and lifestyle each have a positive and significant effect on students' financial behavior. Financial literacy emerged as the most influential factor among the independent variables. Simultaneously, the three variables significantly explain students' financial behavior, with an Adjusted R Square value of 54.9%, while the remaining 45.1% is influenced by other factors outside the research model. These findings highlight the importance of strengthening financial literacy alongside responsible financial management practices among university students.

The Effect of Eco-Efficiency, Sustainability Reporting, and Corporate Governance on Firm Value with Firm Size as a Mediating Variable

2026-06-18T12:04:48+00:00

This study addresses the inconsistent findings reported in previous studies regarding the influence of sustainability practices and corporate governance on firm value, particularly within environmentally sensitive industries. It aims to examine the effects of eco-efficiency, sustainability reporting, and corporate governance on firm value, while investigating the mediating role of firm size in Indonesian energy companies. The study employs a quantitative research design using secondary data obtained from the annual reports and sustainability reports of energy companies listed on the Indonesia Stock Exchange during 2021–2023. A purposive sampling technique was applied, resulting in 69 firm-year observations. Data were analyzed using multiple regression and path analysis after satisfying the required classical assumption tests. The findings indicate that eco-efficiency and sustainability reporting have no significant direct effect on firm value, whereas corporate governance, represented by the audit committee and independent commissioners, positively influences firm value. Furthermore, firm size mediates the relationship between corporate governance and firm value but does not mediate the effects of eco-efficiency and sustainability reporting. These findings provide additional evidence on the role of corporate governance in enhancing firm value while highlighting the limited contribution of environmental disclosure practices within Indonesia's energy sector.

Pengaruh Persepsi Kredibilitas Influencer Keuangan dan Self Efficacy terhadap Partisipasi Investasi Generasi Z di Indonesia : Studi pada Pengguna Media Sosial

2026-06-23T01:20:56+00:00

This study addresses the limited empirical evidence explaining how external social influences and internal psychological factors jointly shape actual investment participation among Generation Z in Indonesia. While previous studies have mainly focused on investment intention, financial literacy, or investment decisions, research examining investment participation by integrating perceived financial influencer credibility and self-efficacy remains limited. Accordingly, this study aims to investigate the effects of perceived financial influencer credibility and self-efficacy on Generation Z's investment participation. An explanatory quantitative approach was employed using a survey of 149 Generation Z respondents who actively use social media and have investment experience. Data were collected through an online questionnaire and analyzed using multiple linear regression with SPSS 26. The results indicate that perceived financial influencer credibility has a positive and significant effect on investment participation. Likewise, self-efficacy positively and significantly influences investment participation, with self-efficacy showing a stronger contribution than influencer credibility. These findings suggest that investment participation among Generation Z is shaped by the interaction between credible investment information received through social media and individuals' confidence in their ability to make investment decisions. The study extends the application of the Theory of Planned Behavior in explaining investment participation within the digital financial environment.

Analisis Kebangkrutan PT Sri Rejeki Isman Tbk dalam Perspektif Etika Jawa Franz Magnis-Suseno

2026-06-23T01:22:25+00:00

Corporate bankruptcy is commonly examined from financial and legal perspectives, while its ethical dimension remains underexplored, particularly within Indonesia's socio-cultural context. This study aims to analyze the bankruptcy of PT Sri Rejeki Isman Tbk (Sritex) by examining how ethical failure contributed to corporate collapse through the perspective of Franz Magnis-Suseno's Javanese Ethics. A qualitative case study approach was employed using secondary data collected from academic literature, court decisions, official reports, and credible media publications. Data were analyzed through document analysis following the interactive model of Miles, Huberman, and Saldaña, supported by source triangulation to enhance credibility. The findings indicate that the bankruptcy of Sritex was closely associated with systematic ethical failure reflected in financial statement manipulation, abuse of authority, collusion, and fraudulent practices. These actions contradicted the Javanese principles of harmony (kerukunan) and respect (hormat), which were distorted to preserve a false image of organizational stability and justify unethical decision-making. This study demonstrates that Javanese Ethics provides a relevant analytical perspective for explaining corporate fraud beyond conventional governance and financial approaches, while highlighting the importance of ethical leadership in sustaining organizational integrity.

Analisis Strategi Pemasaran Wedding Organizer Mahar Agung pada Pameran Wedding Yes di Tunjungan Plaza

2026-06-24T06:29:37+00:00

The increasing competition among wedding organizers has encouraged companies to implement more effective marketing strategies, particularly through exhibition-based promotional activities. However, empirical studies examining the effectiveness of exhibition marketing based on actual visitor data remain limited. This study aims to analyze the marketing strategy implemented by Mahar Agung Wedding Organizer during the Wedding YES Exhibition at Tunjungan Plaza Surabaya and evaluate its effectiveness based on visitor attendance. A descriptive quantitative approach was employed using structured observation and documentation. Data were collected over three consecutive exhibition days by recording the number of visitors who interacted directly with the Mahar Agung booth and analyzing daily visitor patterns. The findings indicate that the exhibition served as an effective promotional medium by facilitating direct interaction with prospective customers and increasing brand exposure. A total of 57 visitors were recorded during the event, with the highest attendance occurring on Sunday (22 visitors), followed by Friday (19 visitors) and Saturday (16 visitors). These results suggest that visitor interest varied across exhibition days and highlight the importance of scheduling, booth engagement, and direct communication in maximizing exhibition-based marketing performance. The findings provide practical insights for wedding organizers in developing more effective event marketing strategies.

Pengaruh Kualitas dan Integritas Pelayanan terhadap Kepuasan Pemangku Kepentingan pada KPPN Kupang

2026-06-25T02:49:01+00:00

Public sector organizations are expected to deliver high-quality services while maintaining integrity to enhance stakeholder satisfaction and strengthen public trust. As a frontline government institution responsible for state treasury services, the State Treasury Service Office (KPPN) Kupang must ensure that its service quality and integrity consistently meet stakeholders’ expectations. This study aims to examine the effects of service quality and service integrity on stakeholder satisfaction at KPPN Kupang. A quantitative research approach employing a survey method was adopted. Primary data were collected through questionnaires distributed to 134 respondents representing partner government work units served by KPPN Kupang. The collected data were analyzed using multiple linear regression with Stata software. Prior to hypothesis testing, the data satisfied all classical assumption tests, including validity, reliability, normality, multicollinearity, and heteroscedasticity, indicating that the dataset was appropriate for statistical analysis. The findings reveal that stakeholder satisfaction is significantly influenced by both service quality and service integrity. Professional, responsive, and reliable service delivery, combined with honesty, accountability, and consistency in performing public duties, contributes substantially to higher stakeholder satisfaction. These findings suggest that public organizations should strengthen service professionalism and ethical values to improve stakeholder trust, satisfaction, and long-term relationships, thereby supporting the effectiveness and sustainability of public service delivery.

Strategi Meningkatkan Keterlibatan Karyawan di Era Transformasi Digital Perbankan: Pendekatan Soft Systems Methodology pada Bank XYZ Area Bekasi

2026-06-27T03:02:35+00:00

Digital transformation has become a strategic priority in the banking industry, yet its success depends not only on technological readiness but also on employees’ willingness to adapt and remain engaged during organizational change. At Bank XYZ Area Bekasi, increasing employee turnover despite consistently high engagement scores indicates a gap that cannot be fully explained through conventional survey-based approaches. This study aims to explore how employees perceive digital transformation, identify the social factors influencing employee engagement, and formulate strategies to strengthen engagement during organizational change. A qualitative design employing Soft Systems Methodology (SSM) was adopted to investigate this complex organizational issue. Data were collected through in-depth interviews, observations, and document analysis involving eight purposively selected informants representing management, Human Capital, supervisors, relationship managers, and operational staff. The findings reveal that employee engagement is shaped not only by digital competence but also by leadership support, change communication, collaborative culture, employee voice, workload management, and technological support. Based on the SSM analysis, the study proposes integrated strategies that combine continuous digital capability development, improved communication, leadership involvement, balanced workload management, and regular engagement evaluation. These findings highlight that successful digital transformation requires simultaneous attention to technological and human dimensions.

Integrasi Spiritual Capital terhadap Sustainability Organization

2026-06-27T03:00:18+00:00

Sustainable organizational development is increasingly challenged by ethical issues, weak environmental governance, and declining employee engagement, indicating that regulatory compliance alone is insufficient to achieve long-term sustainability. Although Environmental, Social, and Governance (ESG) practices have gained wider acceptance, many organizations continue to face difficulties in embedding sustainability values into their organizational culture. This study examines the influence of spiritual capital on organizational sustainability based on the Triple Bottom Line framework and investigates the mediating role of spiritual leadership. An explanatory quantitative approach with a positivist paradigm was employed. Primary data were collected through a survey involving 180 middle- and top-level managers from 80 large manufacturing companies in Cirebon Regency, West Java. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that spiritual capital positively contributes to organizational sustainability by strengthening ethical values, environmental responsibility, and social commitment. In addition, spiritual leadership facilitates the translation of spiritual values into organizational practices through visionary leadership, exemplary behavior, organizational commitment, and altruistic values. These findings suggest that integrating spiritual capital into organizational governance can reinforce long-term sustainability beyond formal regulatory compliance.

Pendampingan Calon Investor dalam Memahami Transparansi Risiko Trading Forex dan Emas melalui Aktivitas Contacting Berbasis Whatsapp di PT Glori Investama Berjangka Surabaya

2026-06-29T09:29:41+00:00

Low financial literacy regarding commodity futures trading has contributed to persistent public distrust of forex and gold investment, largely due to the widespread occurrence of illegal investment schemes and previous financial losses. This community service project aimed to assist prospective investors in understanding risk transparency in forex and gold trading through WhatsApp-based educational communication while identifying the main barriers encountered during the assistance process. The activity was conducted during the Merdeka Belajar Kampus Merdeka (MBKM) internship program at PT Glori Investama Berjangka Surabaya from February to May 2026 using a participatory educational approach. The implementation consisted of three stages: preparation of educational materials, WhatsApp-based assistance, and evaluation through descriptive analysis of communication records and participant responses. A total of 160 prospective investors were contacted. Of these, 141 did not respond, 9 declined further communication, 8 stopped responding after receiving supporting documents, and 2 demonstrated interest in learning more about regulated futures trading. The main communication barriers included concerns about fraud, negative experiences from previous investments, and perceptions of high trading risk. These findings indicate that WhatsApp can serve as an accessible medium for financial literacy, although its effectiveness depends on building trust through transparent, educational, and multi-channel communication strategies.

Pengaruh Motivasi dan Disiplin Kerja terhadap Kinerja Guru Di SMP Mater Dei Pamulang Tangerang Selatan

2026-07-02T09:48:26+00:00

Teacher performance plays a crucial role in determining the quality of the teaching and learning process and achieving educational goals. Therefore, understanding the factors that influence teacher performance is essential for improving school effectiveness. This study aims to examine the effects of motivation and work discipline on teacher performance, both partially and simultaneously, at Mater Dei Pamulang Junior High School, South Tangerang. This research employed a quantitative approach using a saturated sampling technique, in which all 40 teachers were selected as respondents. Primary data were collected through a structured questionnaire and analyzed using the Statistical Package for the Social Sciences (SPSS) version 20. The analytical techniques included instrument testing (validity and reliability), classical assumption tests, multiple linear regression analysis, correlation analysis, coefficient of determination analysis, and hypothesis testing using t-tests and F-tests. The findings indicate that both motivation and work discipline have a significant positive effect on teacher performance, both individually and simultaneously. Teachers with higher levels of motivation and stronger work discipline tend to demonstrate greater responsibility, commitment, professionalism, and work quality. The study implies that school management should implement strategies to enhance teacher motivation through recognition and professional development while fostering a strong culture of work discipline to improve teacher performance and support continuous educational quality improvement.

Pengaruh Kepemimpinan dan Kompensasi terhadap Kinerja Karyawan pada PT Prasarana Grahindopuri Jakarta Selatan

2026-07-03T08:38:37+00:00

This study is motivated by the importance of human resource management in improving employee performance within organizations. Effective leadership and a fair compensation system are considered key factors that can influence employee motivation, satisfaction, and productivity. In many organizations, including PT Prasarana Grahindopuri Jakarta Selatan, improving employee performance remains a critical issue that requires continuous attention through proper managerial strategies. The objective of this study is to analyze the effect of leadership on employee performance, the effect of compensation on employee performance, and the simultaneous effect of both variables on employee performance at PT Prasarana Grahindopuri Jakarta Selatan. This research employed a quantitative approach. The population consisted of 247 employees, while the sample was determined using the Slovin formula, resulting in 71 respondents. Data were collected through questionnaires and analyzed using multiple linear regression, as well as t-test and F-test to examine the relationships among variables. The results show that both leadership and compensation have a significant positive effect on employee performance. Effective leadership contributes to better guidance, motivation, and a more conducive work environment, which in turn enhances employee productivity. In addition, fair and appropriate compensation increases job satisfaction and work enthusiasm. Simultaneously, both variables significantly influence employee performance at the company. These findings indicate that strengthening leadership practices and developing a fair compensation system are essential to improving overall organizational performance.

Analisis Pengaruh Beban Kerja dan Kepemimpinan Transformasional terhadap Produktivitas Kerja Karyawan pada PT Fantasi Jerestama Gemilang Jakarta Selatan

2026-07-03T08:39:14+00:00

Work productivity is a crucial factor in achieving organizational effectiveness, and it is influenced by several internal factors such as workload and transformational leadership. This study aims to examine the effect of workload on employee productivity, the effect of transformational leadership on employee productivity, and the simultaneous effect of both variables on employee productivity at PT Fantasi Jerestama Gemilang. This research employed a quantitative approach. The population consisted of 900 employees, and the sample was determined using the Slovin formula with a 10% margin of error, resulting in 90 respondents. Data were collected through questionnaires and analyzed using multiple linear regression to test the hypotheses. The results show that workload has a significant positive effect on employee productivity. Transformational leadership also has a significant positive effect on employee productivity. Furthermore, both variables simultaneously have a significant influence on employee productivity. The model indicates a strong explanatory power, while the remaining variation is influenced by other factors not examined in this study. In conclusion, effective workload management and strong transformational leadership practices are essential to improving employee productivity. Organizations should focus on optimizing internal management systems and developing human resources to ensure sustainable performance improvement.

Pengaruh Kesejahteraan dan Motivasi Kerja terhadap Kinerja Pegawai pada SMA Islam Assyafiiyah 02 Bekasi

2026-07-03T08:39:45+00:00

Employee performance plays an essential role in achieving educational institutions' organizational goals. However, inadequate employee welfare and declining work motivation may reduce individual performance and ultimately affect institutional effectiveness. This study aims to examine the influence of employee welfare and work motivation on employee performance at SMA Islam Assyafiiyah 02 Bekasi, both individually and simultaneously. A quantitative research approach with an explanatory design was employed. The study involved all 53 employees using a total sampling technique. Data were collected through questionnaires and analyzed using multiple linear regression with SPSS software. The findings indicate that employee welfare has a positive and significant effect on employee performance. Likewise, work motivation significantly contributes to improving employee performance. Simultaneously, both variables demonstrate a significant influence on employee performance, indicating that better welfare accompanied by stronger work motivation can enhance employees' effectiveness in carrying out their responsibilities. These findings highlight the importance of integrating welfare improvement and motivational strategies into school management policies to strengthen organizational performance and support the achievement of educational objectives.

Pengaruh Kontrol Diri dan Kompensasi terhadap Disiplin Kerja PT AP Buildings Jakarta

2026-07-03T11:46:53+00:00

Employee work discipline is a crucial factor in improving organizational effectiveness and productivity. Low levels of work discipline may reduce employee performance and hinder the achievement of organizational objectives. Therefore, understanding the factors that influence work discipline is essential, particularly self-control and compensation. This study aims to examine the effects of self-control and compensation on the work discipline of employees at PT AP Buildings, both individually and simultaneously. A quantitative research design with a survey approach was employed. The study involved all 50 employees at the Head Office of PT AP Buildings using a saturated sampling technique, in which the entire population was selected as the research sample. Data were collected through a structured questionnaire using a five-point Likert scale and analyzed using multiple linear regression with SPSS version 23.0. The findings indicate that both self-control and compensation have significant positive effects on employee work discipline, both partially and simultaneously. These variables collectively explain most of the variation in work discipline, demonstrating their substantial contribution to employees' disciplinary behavior. Furthermore, compensation was identified as the most influential factor affecting work discipline. The findings suggest that organizations should implement fair and competitive compensation systems while fostering employees' self-control through appropriate human resource development programs to strengthen work discipline and support sustainable organizational performance.

Pengaruh Kompetensi Auditor dan Penguasaan Teknologi Informasi terhadap Kualitas Audit Internal pada Inspektorat Jenderal Kementerian Kehutanan

2026-07-03T11:47:30+00:00

The demand for accountable and data-driven government governance has increased the importance of high-quality internal audit functions. Auditor competence and information technology proficiency are considered essential factors in supporting effective and adaptive audit processes. This study aims to analyze the effect of auditor competence and information technology proficiency on internal audit quality at the Inspectorate General of the Ministry of Forestry, both partially and simultaneously. This study employed a quantitative approach with a survey method and causal associative research design. The population consisted of all internal auditors at the Inspectorate General of the Ministry of Forestry, with 35 auditors selected through saturated sampling. Data were collected using a five-point Likert scale questionnaire. The variables examined included auditor competence, information technology proficiency, and internal audit quality. Data analysis was conducted using validity and reliability tests, classical assumption tests, multiple linear regression analysis, t-tests, F-tests, and coefficient of determination analysis using IBM SPSS Statistics 26. The results show that auditor competence has a positive and significant effect on internal audit quality, while information technology proficiency does not have a significant partial effect. However, both variables simultaneously contribute to improving internal audit quality. These findings emphasize the importance of strengthening auditor competence and developing digital capabilities to support effective, accountable, and adaptive government internal supervision.

Pengaruh Mutu Pelayanan dan Kompetensi Perawat terhadap Kepuasan Pasien Rawat Inap Pada RS XYZ

2026-07-04T08:22:50+00:00

Patient satisfaction is a key indicator of healthcare service quality and reflects the extent to which hospital services meet patients’ expectations. Improving service quality and enhancing nurses’ competence are essential strategies for increasing patient satisfaction and ensuring the delivery of high-quality healthcare. Therefore, examining the influence of these factors on inpatient satisfaction is important to support continuous quality improvement in hospitals. This study aimed to analyze the effect of service quality on inpatient satisfaction, the effect of nurses’ competence on inpatient satisfaction, and the simultaneous effect of service quality and nurses’ competence on inpatient satisfaction at RS XYZ. This study employed a quantitative research approach with a descriptive and explanatory design. The population consisted of 93 inpatients at RS XYZ. Because the population size was relatively small, a total sampling technique was applied, resulting in a sample of 93 respondents. Data were analyzed using multiple linear regression, including partial and simultaneous hypothesis testing. The results demonstrated that service quality had a significant positive effect on inpatient satisfaction. Nurses’ competence also had a significant positive effect on inpatient satisfaction. Moreover, service quality and nurses’ competence simultaneously had a significant positive effect on inpatient satisfaction. These findings suggest that hospital management should prioritize continuous improvements in service quality and strengthen nurses’ competencies through training, supervision, and regular performance evaluation to enhance patient satisfaction and improve the overall quality of healthcare services.

Pengaruh Return on Asset (ROA), Return on Equity (ROE), dan Net Profit Margin (NPM) terhadap Harga Saham pada PT Astra Otoparts Tbk Periode 2017–2023

2026-07-05T09:50:10+00:00

The automotive component industry plays an important role in supporting economic growth and industrial development in Indonesia. The financial performance of a company is one of the factors considered by investors in assessing investment decisions, particularly through profitability indicators such as Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM), which may influence stock price movements. This study aims to analyze the effect of ROA, ROE, and NPM on the stock price of PT Astra Otoparts Tbk during the 2017–2023 period. This research employed a quantitative approach using secondary data obtained from the annual financial reports of PT Astra Otoparts Tbk and stock price data from the Indonesia Stock Exchange (IDX) and Stockbit application. The population in this study consisted of all financial report data and stock price data of PT Astra Otoparts Tbk. The sample was determined using a purposive sampling technique, with the selected sample consisting of financial data and closing stock prices for the 2017–2023 period. Data analysis was conducted using SPSS version 30, including classical assumption tests, multiple linear regression analysis, partial t-tests, simultaneous F-tests, and the coefficient of determination (R²). The results indicate that ROA, ROE, and NPM partially and simultaneously have a significant effect on the stock price of PT Astra Otoparts Tbk. These findings emphasize the importance of profitability performance as a consideration for investors and corporate management in evaluating financial and investment decisions.

Pengaruh Self Efficacy dan Literasi Digital terhadap Keberlanjutan Usaha di Era Ekonomi Digital : Survei pada Pelaku Usaha Mikro, Kecil, dan Menengah di Kota Sukabumi

2026-07-06T11:39:13+00:00

The rapid development of the digital economy requires Micro, Small, and Medium Enterprises (MSMEs) to adapt to technological advancements in order to maintain business sustainability amid increasingly competitive business conditions. However, many MSME owners still have limited self-efficacy and digital literacy, which affects their ability to manage and develop their businesses sustainably. This study aims to analyze the influence of Self-Efficacy and Digital Literacy on Business Sustainability in the Digital Economy Era among MSME owners in Sukabumi City. This research employed a quantitative method using descriptive and associative approaches. The population consisted of MSME owners in Sukabumi City, with a sample of 135 respondents selected through purposive sampling. Data were collected using a Likert-scale questionnaire and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS version 3.2.9. The results revealed that Self-Efficacy had a positive and significant effect on Business Sustainability, with a path coefficient of 0.215, a T-Statistic of 2.660, and a P-Value of 0.008. Digital Literacy also had a positive and significant effect on Business Sustainability, with a path coefficient of 0.716, a T-Statistic of 9.533, and a P-Value of 0.000. Furthermore, the R-Square value of 0.840 indicates that 84% of the variance in Business Sustainability is explained by Self-Efficacy and Digital Literacy, while the remaining 16% is explained by other variables outside this study. The findings also indicate that Digital Literacy is the most dominant variable influencing Business Sustainability. Therefore, improving self-efficacy and digital literacy is essential for MSME owners and policymakers to support sustainable business performance in the digital economy era.

Pengaruh Kompetensi dan Kualitas Perawat terhadap Kinerja Perawat pada RS Siloam Jakarta

2026-07-06T10:06:37+00:00

This study was motivated by the existence of variations in nurses’ performance at Siloam Hospital South Jakarta, as indicated by inconsistencies in the implementation of standard operating procedures, differences in clinical competencies, and suboptimal quality of nursing services. These conditions may potentially affect the quality of healthcare services and patient safety. This study aims to analyze the influence of nurse competence and nurse quality on nurses’ performance. The research object consisted of nurses working at Siloam Hospital South Jakarta, with respondent characteristics varying based on gender, age, educational level, and length of employment. This study employed a quantitative approach using a survey method. A total of 40 nurses were selected as the research sample through a simple random sampling technique. Data were collected using questionnaires and analyzed using multiple linear regression analysis, t-test, F-test, and the coefficient of determination (R²). Data processing was conducted using SPSS version 26. The results indicate that nurse competence has a positive and significant effect on nurses’ performance. Nurse quality also has a positive and significant effect on nurses’ performance. Simultaneously, nurse competence and quality significantly contribute to improving nurses’ performance. These findings highlight the importance of continuous competency development, clinical supervision improvement, and strengthening a patient safety-oriented service culture.

Analisis Beban Kerja dan Motivasi terhadap Kepuasan Pelayanan Perawat pada Klinik Rodondo Pamulang

2026-07-07T10:57:26+00:00

The increasing demand for healthcare services requires clinics to maintain high-quality nursing services despite limitations in human resources and growing workloads. At the Rodondo Pamulang Clinic, several patient complaints indicate that service satisfaction has not yet met expectations, highlighting the importance of evaluating factors that influence nursing service quality. This study aimed to examine the effects of workload and work motivation on nurses' service satisfaction, both individually and simultaneously. A quantitative approach was employed using a saturated sampling technique involving all 36 nurses working at the clinic. Data were collected through questionnaires and analyzed using multiple linear regression, including partial and simultaneous hypothesis testing. The findings indicate that workload and work motivation each have a significant influence on nurses' service satisfaction. Simultaneously, both variables provide a strong contribution to the improvement of service satisfaction, with a coefficient of determination of 91.4%, indicating that workload and motivation explain most of the variation in the dependent variable. These findings suggest that effective workload management combined with efforts to strengthen employee motivation can improve the quality of nursing services. The study provides practical evidence for healthcare managers in developing human resource strategies to enhance service performance and patient satisfaction.

Pengaruh Manajemen Risiko dan Kepemimpinan Transformasional terhadap Kinerja Auditor pada Inspektorat Jenderal Kementerian Kehutanan

2026-07-07T12:29:35+00:00

The increasing complexity of governance in the public sector requires internal auditors to improve their performance through effective risk management and transformational leadership. However, the limited number of auditors and the growing scope of supervisory responsibilities pose significant challenges to achieving optimal audit performance within the Inspectorate General of the Ministry of Forestry. This study aims to examine the effects of risk management and transformational leadership on auditor performance. A quantitative approach was employed using a census method involving all 107 auditors of the Inspectorate General as research respondents. Data were collected through structured questionnaires and analyzed using multiple linear regression with IBM SPSS version 27. The findings indicate that both risk management and transformational leadership have a positive and significant influence on auditor performance, either individually or simultaneously. The implementation of structured risk management contributes to more effective planning, supervision, and control of audit activities, while transformational leadership encourages higher motivation, collaboration, adaptability, and commitment among auditors. These findings suggest that strengthening organizational risk management practices and promoting transformational leadership are essential strategies for enhancing the effectiveness and quality of internal government auditing.

Strategi Pemenuhan Kebutuhan Tenaga Kerja Perkebunan Kelapa Sawit: Analisis Kompensasi dan Kesejahteraan Pekerja, Pelatihan dan Pengembangan Sumber Daya Manusia, serta Rasio Tenaga Kerja Per Hektar

2026-07-10T02:47:56+00:00

The Indonesian oil palm plantation industry relies heavily on labor-intensive operations, yet workforce management continues to face persistent challenges related to equitable compensation, worker welfare, human resource development, and the determination of appropriate labor requirements across different plantation stages. This study aims to examine how compensation systems, workforce development programs, and labor-to-hectare planning collectively support effective labor management in oil palm plantations. A descriptive qualitative approach employing a literature review was adopted by synthesizing secondary data from scientific publications, government regulations, and official reports published between 2022 and 2026. The collected literature was analyzed using descriptive content analysis to identify recurring patterns and integrate evidence from multiple sources. The findings indicate that compensation in oil palm plantations includes direct financial, indirect financial, and non-financial benefits; however, Casual Daily Workers remain the most vulnerable group because of limited employment protection and social security coverage. The analysis also reveals that labor requirements differ across plantation growth phases and are influenced by plantation characteristics, topography, planting density, and mechanization levels. These findings highlight that integrating fair compensation, continuous workforce development, and evidence-based labor planning can improve workforce efficiency while supporting sustainable plantation management and strengthening long-term labor productivity.

Analisis Biaya Produksi dan Perhitungan Harga Pokok Produksi pada Badan Usaha Milik Negara (BUMN) Perkebunan Kelapa Sawit

2026-07-10T02:48:52+00:00

State-owned enterprises (SOEs) operating in Indonesia’s palm oil plantation sector face challenges in determining accurate production costs because plantation activities involve multiple interconnected stages, from crop cultivation to crude palm oil (CPO) processing. Inaccurate cost classification may reduce the reliability of cost-of-production information used for planning, cost control, and managerial decision-making. This study aims to examine the structure of production costs, the cost-account classification system, and the tiered calculation of production costs applied in palm oil plantation SOEs. A descriptive qualitative approach was employed through a literature review supported by secondary data from scientific publications, accounting references, and documented evidence from the Ajamu Palm Oil Mill of PT Perkebunan Nusantara IV. The findings indicate that consistent classification of direct, indirect, fixed, and variable costs provides the basis for a structured cost-account system that supports tiered cost calculations at the estate (AF Kebun), mill (AF Pabrik), and Free on Board (FOB) levels. This integrated costing framework improves cost traceability, facilitates responsibility accounting, and strengthens managerial evaluation of production efficiency and pricing decisions. These findings highlight the importance of a well-organized cost accounting system in enhancing operational control and supporting sustainable management practices within palm oil plantation SOEs.

Keberlanjutan Perkebunan Kelapa Sawit Indonesia dalam Kerangka ISPO dan RSPO: Tinjauan Aspek Sumber Daya Manusia, Sosial, Ekonomi, Lingkungan, Tata Kelola, dan Daya Saing Industri

2026-07-14T04:11:24+00:00

Indonesia remains the world's largest producer of palm oil, yet the industry continues to face significant sustainability challenges related to deforestation, peatland conversion, labour issues, social conflicts, and increasingly stringent international market requirements. These challenges have intensified the need to strengthen sustainable certification systems through the Indonesian Sustainable Palm Oil (ISPO) and the Roundtable on Sustainable Palm Oil (RSPO). This study aims to examine the complementary roles of ISPO and RSPO in supporting the sustainability and global competitiveness of Indonesia's palm oil sector from the perspectives of human resources, social responsibility, economic performance, environmental management, governance, and industrial competitiveness. The study employed a qualitative literature review by analysing recent academic publications, government regulations, and institutional reports published mainly between 2020 and 2026. The collected literature was classified into thematic dimensions and examined through descriptive qualitative analysis to identify convergent findings and emerging issues. The results indicate that ISPO provides a mandatory national regulatory framework, whereas RSPO enhances access to international premium markets through stricter sustainability standards. Integrating both certification systems can improve operational performance, strengthen governance, reduce regulatory risks, and enhance market competitiveness. Nevertheless, limited certification among independent smallholders and evolving international regulations remain important challenges for achieving long-term sustainability.

Pengaruh Place dan Price terhadap Keputusan Pembelian : Studi Kasus pada Kanawa Express di Kota Sukabumi

2026-07-16T00:51:22+00:00

This study examines how place and price influence consumers’ purchasing decisions at Kanawa Express, a mobile coffee cart operating in Sukabumi City. Although studies on marketing mix variables are widely available, empirical evidence focusing on mobile coffee cart businesses in medium-sized Indonesian cities remains limited. The research aims to analyze the individual and simultaneous effects of place and price on purchasing decisions. A quantitative associative approach was employed using data collected from 100 consumers selected through accidental sampling across 16 Kanawa Express operating locations. Data were obtained using structured questionnaires and analyzed with multiple linear regression supported by validity, reliability, classical assumption, t-test, F-test, and coefficient of determination analyses using IBM SPSS Statistics version 29. The findings indicate that both place (β = 0.426; t = 5.151; p < 0.001) and price (β = 0.491; t = 5.938; p < 0.001) have positive and significant effects on purchasing decisions. Simultaneously, the two variables significantly affect purchasing decisions (F = 149.064; p < 0.001), with an Adjusted R² of 0.749, indicating that 74.9% of the variation in purchasing decisions is explained by place and price. Price demonstrates a stronger influence than place, highlighting the importance of competitive pricing in the mobile coffee business.

Analisis Faktor-Faktor yang Mempengaruhi Gen Z terhadap Pemilihan Investasi di Cryptocurrency

2026-07-16T10:57:30+00:00

The growing popularity of cryptocurrency among Generation Z has become an important phenomenon in Indonesia's digital financial ecosystem. Despite increasing participation, investment decisions are often influenced by social media exposure and limited financial literacy, creating challenges in understanding the risks associated with digital assets. This study aims to explore the factors influencing Generation Z's interest in cryptocurrency investment in Surakarta, Indonesia. A descriptive qualitative approach was employed involving ten Generation Z participants selected through purposive and snowball sampling until data saturation was achieved. Data were collected through semi-structured interviews, observation, and documentation, and analyzed using thematic analysis. The findings indicate that Generation Z's interest in cryptocurrency is shaped by four interconnected factors: financial motivation, social media exposure, peer and community influence, and curiosity about blockchain technology. Financial motivation emerged as the strongest driver, while differences in digital financial literacy affected how participants evaluated investment risks and opportunities. Individuals with higher financial literacy tended to make more informed decisions, whereas others were more susceptible to trends and Fear of Missing Out (FOMO). This study provides a deeper qualitative understanding of how economic, social, technological, and psychological factors interact in shaping cryptocurrency investment interest among Generation Z.

Manajemen Kebutuhan Tenaga Kerja Perkebunan Kelapa Sawit: Analisis Perencanaan, Kompensasi dan Kesejahteraan, Pelatihan dan Pengembangan SDM, serta Perhitungan Rasio Tenaga Kerja per Hektar

2026-07-18T01:18:44+00:00

The labor-intensive nature of Indonesia’s oil palm plantation industry requires effective workforce management; however, existing studies generally examine manpower planning, compensation, training, or labor productivity separately, with limited integration across these key management dimensions. This study aims to provide a comprehensive analysis of labor requirement management by examining workforce planning, compensation and employee welfare, human resource development, and labor-to-land ratio calculations within oil palm plantations. A qualitative descriptive approach based on library research was employed by reviewing government regulations, industry standards, and peer-reviewed publications issued mainly between 2021 and 2026. The collected literature was organized, compared, and interpreted to identify consistent findings and practical implications for plantation management. The results indicate that labor planning should be based on work norms while considering plantation characteristics such as topography, crop age, planting density, rainfall, and worker experience. Harvesting activities remain the most labor-intensive operation, with an average requirement of one harvester for every 20-25 hectares of mature plantation and an overall workforce ratio of approximately one worker per 7-9 hectares in well-managed estates. The study highlights that integrating accurate labor planning, fair compensation, continuous competency development, and adaptive workforce strategies can improve operational efficiency, productivity, and long-term sustainability in the oil palm plantation sector.

Analisis Kelayakan Usaha Ternak Domba di Peternakan Mulia Farm Desa Polaman Kecamatan Mijen Kota Semarang

2026-07-18T09:14:03+00:00

Agricultural livestock enterprises play an important role in supporting rural livelihoods and meeting the increasing demand for animal protein. However, rising production costs and fluctuating market conditions require farmers to evaluate the financial performance of their businesses before expanding production. This study aimed to assess the financial feasibility of sheep farming at Mulia Farm, located in Polaman Village, Mijen District, Semarang City. A descriptive quantitative approach was employed using a purposive sampling technique. Primary data were collected through direct observation and interviews with the farm owner, while secondary data were obtained from relevant literature and supporting documents. Business feasibility was evaluated through analyses of production costs, revenue, income, Break-Even Point (BEP), and Revenue-Cost (R/C) Ratio across three production cycles. The findings indicate that the enterprise generated positive income in each production cycle, with revenues consistently exceeding production costs. The calculated R/C Ratio ranged from 1.56 to 1.75, indicating that the business operated efficiently and remained financially feasible. Likewise, both the selling price and production volume exceeded their respective break-even points, demonstrating that the enterprise had achieved profitability and possessed promising prospects for future development.

Kelayakan Usahatani Tembakau (Nicotiana Tabacum) di Desa Kalitengah Kecamatan Mranggen Kabupaten Demak

2026-07-19T04:45:48+00:00

Tobacco farming is an important source of income for rural households in Demak Regency, Central Java. Despite its economic significance, empirical information regarding the economic feasibility of tobacco farming at the village level remains limited, particularly in Kalitengah Village, one of the local production centers. This study aimed to analyze production costs, revenue, income, and the economic feasibility of tobacco farming in Kalitengah Village, Mranggen District, Demak Regency. A quantitative descriptive approach was employed using primary data collected from 52 tobacco farmers selected through accidental sampling. Data were obtained through interviews, observations, questionnaires, and documentation, then analyzed using cost analysis, revenue analysis, income analysis, and the Revenue-Cost Ratio (R/C). The results showed that the average production cost was IDR 5,888,283 per 0.39 ha per planting season, while the average revenue reached IDR 11,618,375, generating an average income of IDR 5,730,092. The calculated R/C ratio was 1.97, indicating that every IDR 1.00 spent on production generated IDR 1.97 in revenue. Since the R/C ratio exceeded one, tobacco farming in Kalitengah Village was economically feasible and provided positive returns for farmers.

Analisis Kepuasan Kelompok Wanita Tani (KWT) Srikandi terhadap Peran Pelaksanaan Kegiatan Urban Farming di Kelurahan Karangmalang, Kota Semarang

2026-07-19T04:44:47+00:00

Rapid urbanization has accelerated the conversion of agricultural land into non-agricultural uses, limiting food production areas in urban environments and creating challenges for community-based food security initiatives. Urban farming has emerged as a practical strategy to address this issue, yet its sustainability depends on the active participation and satisfaction of community members. This study aimed to assess the satisfaction level of members of the Srikandi Women Farmers Group (Kelompok Wanita Tani/KWT) regarding the implementation of urban farming activities and to identify priority attributes requiring improvement. A quantitative descriptive survey was conducted using a saturated sampling technique involving all 15 members of the group. Data were collected through observation, interviews, and structured questionnaires and analyzed using the Customer Satisfaction Index (CSI) and Importance Performance Analysis (IPA). The findings indicate that the overall satisfaction level of members was classified as very satisfied, with a CSI value of 0.85. The IPA results identified planning learning needs, conducting regular meetings, and implementing group agreements as the main priorities for improvement, while several other attributes should be maintained because of their high importance and satisfactory performance. These findings provide practical input for strengthening urban farming management and enhancing member participation to support the long-term sustainability of community-based urban agriculture.

Pengaruh Viral Marketing, Brand Awareness, dan Brand Preference terhadap Keputusan Pembelian di TikTok Barkas Market

2026-07-21T05:45:39+00:00

The rapid growth of TikTok has encouraged small and medium-sized enterprises (SMEs) to adopt digital marketing strategies. However, high content engagement does not always translate into stronger purchasing decisions, indicating a gap between online exposure and consumer conversion. This study aims to examine the effects of viral marketing, brand awareness, and brand preference on consumers' purchase decisions at Barkas Market through the TikTok platform. A quantitative descriptive approach was employed using survey data collected from 100 followers of the @barkasmarket TikTok account selected through incidental sampling. Data were analyzed using multiple linear regression supported by validity, reliability, and classical assumption tests. The findings reveal that viral marketing, brand awareness, and brand preference each have a positive and significant influence on purchase decisions, both individually and simultaneously. Among these variables, brand awareness exerts the strongest effect, indicating that consumers who easily recognize and recall the brand are more likely to make purchasing decisions. These findings suggest that successful digital marketing on TikTok should not rely solely on viral content but also prioritize strategies that strengthen brand recognition and consumer preference to improve purchase conversion. The study provides practical insights for SMEs in designing more effective social media marketing strategies.

Analisis Profitabilitas, Ukuran Perusahaan, dan Pertumbuhan Aset terhadap Klasifikasi Saham Multibagger pada Perusahaan di Bursa Efek Indonesia Tahun 2025

2026-07-21T05:46:44+00:00

The rapid increase in retail investor participation and the emergence of multibagger stocks in the Indonesian capital market during 2025 have raised questions about which corporate fundamentals are most closely associated with exceptional stock performance. This study aims to examine whether profitability, firm size, and asset growth influence the likelihood of a company being classified as a multibagger stock. An explanatory quantitative approach was employed using secondary data from 394 companies listed on the Indonesia Stock Exchange (IDX), selected through purposive sampling. Companies were grouped into multibagger and non-multibagger categories based on their annual stock returns, and the data were analyzed using binary logistic regression. The results indicate that profitability, firm size, and asset growth jointly have a significant effect on multibagger stock classification. Partially, firm size has a significant negative effect, while asset growth has a significant positive effect. In contrast, profitability does not significantly affect the probability of a stock being classified as a multibagger. These findings suggest that the market places greater emphasis on future growth prospects reflected by smaller firm size and strong asset expansion than on current profitability. The study provides practical insights for investors in developing more objective stock-screening strategies based on fundamental indicators.

Pengaruh Profitabilitas, Ukuran Perusahaan dan Leverage terhadap Financial Distress : Studi Empiris Perusahaan Subsektor Farmasi yang Terdaftar di Bursa Efek Indonesia Periode 2018-2024

2026-08-04T12:57:22+00:00

The pharmaceutical subsector in Indonesia has recently faced increasing financial pressure due to high dependence on imported raw materials, rising financing costs, and unstable economic conditions, which may increase the risk of financial distress. This study aims to examine the effects of profitability, firm size, and leverage on financial distress in pharmaceutical companies listed on the Indonesia Stock Exchange during the 2018–2024 period. This research employed a quantitative associative approach using secondary data obtained from audited annual financial reports. The sample consisted of 10 pharmaceutical companies selected through purposive sampling, resulting in 70 balanced panel observations. Panel data regression analysis was applied to evaluate both partial and simultaneous relationships among the variables. The findings indicate that profitability, measured by Return on Assets (ROA), has a significant effect on financial distress, while firm size, proxied by the natural logarithm of total assets, does not significantly affect financial distress. Leverage, measured by the Debt-to-Asset Ratio (DAR), also significantly affects financial distress. Simultaneously, profitability, firm size, and leverage significantly explain the variation in financial distress. These findings highlight the importance of maintaining profitability and prudent debt management to reduce financial distress risk in pharmaceutical companies.

Pengaruh Capital Intensity dan Tunneling Incentive terhadap Tax Avoidance dengan Ukuran Perusahaan sebagai Variabel Moderasi

2026-08-10T06:07:06+00:00

Tax avoidance remains an important issue because companies may seek to minimize their tax burden through legal tax planning strategies, while such practices can reduce government tax revenues. Therefore, identifying the factors that influence tax avoidance is important, particularly in the Consumer Non-Cyclicals sector, which has a significant role in meeting basic consumer needs. This study aims to examine the effects of Capital Intensity and Tunneling Incentive on Tax Avoidance in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange during the 2020–2024 period, with Firm Size as a moderating variable. This study employs a quantitative approach with an associative research design. The data used are secondary data obtained from the financial statements of Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange. The sample was selected using purposive sampling, resulting in 39 companies and 195 observations over the research period. The data were analyzed using panel data regression with EViews 13. The results indicate that Capital Intensity and Tunneling Incentive simultaneously and partially affect Tax Avoidance. These findings suggest that investment decisions involving fixed assets and the interests of controlling shareholders may influence corporate tax avoidance practices. However, Firm Size does not moderate the effects of Capital Intensity and Tunneling Incentive on Tax Avoidance. The findings imply the importance of transparency and sound corporate governance in mitigating tax avoidance practices.

Pengaruh Tax Planning dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Transparansi Perusahaan sebagai Variabel Moderasi

2026-08-11T00:16:15+00:00

In the increasingly competitive business environment, companies are required to enhance firm value while maintaining effective tax management and appropriate dividend policies. Tax planning and dividend policy are important corporate decisions that may influence investors’ perceptions and, consequently, firm value. Corporate transparency is also considered important because greater transparency can strengthen market confidence and influence how investors respond to corporate policies. Therefore, this study aims to examine the effect of tax planning and dividend policy on firm value, with corporate transparency serving as a moderating variable, among non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employs a quantitative approach with an associative research design. Secondary data were obtained from the financial statements of non-cyclical consumer sector companies listed on the IDX. Using purposive sampling, 28 companies were selected, resulting in 140 observations. Data were analyzed using panel data regression with EViews 13. The results indicate that tax planning and dividend policy affect firm value in different directions. Corporate transparency does not moderate the effect of tax planning but moderates the effect of dividend policy on firm value. These findings emphasize the importance of transparency in supporting dividend decisions aimed at enhancing firm value.

Pengaruh Pemahaman Perpajakan dan Kesadaran Wajib Pajak terhadap Kepatuhan Pelaporan SPT Tahunan dengan Digital Literacy sebagai Variabel Moderasi

2026-08-11T03:43:45+00:00

The increasing use of digital tax services through e-Filing requires taxpayers to possess adequate tax knowledge, awareness, and digital literacy to fulfill their annual tax return filing obligations. However, the implementation of digital tax reporting does not necessarily ensure optimal taxpayer compliance, making it important to examine the factors that influence compliance and the role of digital literacy in strengthening or weakening these relationships. This study examines the effect of tax knowledge and taxpayer awareness on annual tax return filing compliance through e-Filing, with digital literacy serving as a moderating variable among employees of PT Fokus Hegar Resik. A quantitative associative research design was employed using primary data collected through questionnaires. The study involved 129 respondents selected through purposive sampling. Data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with IBM SPSS Statistics version 27. The findings indicate that tax knowledge and taxpayer awareness have a positive and significant effect on annual tax return filing compliance. Furthermore, digital literacy significantly strengthens the relationship between tax knowledge and compliance, while it weakens the relationship between taxpayer awareness and compliance. The coefficient of determination increased from 63.6% to 70.1% after moderation. These findings highlight the importance of integrating tax knowledge, taxpayer awareness, and digital literacy to improve annual tax return filing compliance.

Peran Electronic Word-Of-Mouth dalam Memediasi Pengaruh Brand Personality dan Patient Trust terhadap Revisit Intention pada Pasien Rawat Jalan

2026-08-11T09:34:47+00:00

The monthly number of outpatients at RSIA Viola fluctuates; however, annual aggregate data reveals a downward trend in both new and returning patients. A hospital's sustainability depends on patient volume. Higher patient numbers generate revenue a critical factor for hospitals, particularly private ones that rely on patient volume for profitability. This study aims to analyze the impact of brand personality and patient trust on revisit intention, mediated by electronic word of mouth (e-WOM). A quantitative causal research design was employed to analyze cause-and-effect relationships, complemented by a descriptive analysis using the "three-box method." The study surveyed 160 outpatients selected based on specific criteria using purposive sampling. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that brand personality, patient trust, and e-WOM each independently influence revisit intention. Brand personality has a significant effect on e-WOM, whereas patient trust does not. e-WOM was found to mediate the relationship between brand personality and revisit intention but did not mediate the relationship between patient trust and revisit intention. Recommendations for hospital management include collaborating with employees who have large social media followings to create positive reviews and content, boosting digital engagement through patient discussion groups, improving content quality and responsiveness on social media, and regularly monitoring the hospital's online reputation.

Pengaruh Kinerja Keuangan, Arus Kas Operasi, dan Nilai Tukar Rupiah terhadap Return Saham

2026-08-12T04:28:16+00:00

The energy sector is an important part of the Indonesian capital market, but fluctuations in stock prices may create uncertainty regarding the returns received by investors. This study aims to examine the effect of financial performance, operating cash flow, and the rupiah exchange rate on stock returns of energy sector companies listed on the Indonesia Stock Exchange during 2020–2024. This study employs a quantitative approach using panel data. The sample consists of 41 energy sector companies, resulting in 205 firm-year observations selected through purposive sampling. Financial performance is measured by Return on Assets (ROA), operating cash flow by its growth, and the rupiah exchange rate by the middle exchange rate against the US dollar. Panel data regression is employed, with the Random Effect Model selected as the estimation model. The results indicate that financial performance has a positive and significant effect on stock returns, with a regression coefficient of 0.737640 and a probability value of 0.0266. In contrast, operating cash flow and the rupiah exchange rate do not have significant effects, with probability values of 0.0609 and 0.4228, respectively. Simultaneously, the three independent variables significantly affect stock returns. The model has an Adjusted R-squared of 4.62%, indicating that most variations in stock returns are explained by factors outside the model.

Pengaruh Green Accounting, Intellectual Capital Dan Corporate Social Responsibilty Terhadap Stock Price

2026-08-12T06:49:26+00:00

Sustainable business practices have become increasingly important as investors pay greater attention to environmental, social, and intellectual factors when making investment decisions. This condition highlights the need to examine whether sustainability-related information disclosed by companies can influence investor perceptions and stock market performance. This study aims to analyze the influence of green accounting, intellectual capital, and corporate social responsibility on stock prices of companies included in the Sri Kehati Index and listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study uses secondary data obtained from annual financial reports published on the official website of the Indonesia Stock Exchange. The analytical method employed is panel data regression using EViews 12 software. Green accounting, intellectual capital, and corporate social responsibility are treated as independent variables, while stock price is the dependent variable. The results indicate that corporate social responsibility partially has a significant effect on stock prices, whereas green accounting and intellectual capital do not have a significant effect. Simultaneously, green accounting, intellectual capital, and corporate social responsibility significantly affect stock prices. These findings indicate that corporate social responsibility is particularly relevant to investors in evaluating companies within the Sri Kehati Index, while sustainability-related factors collectively contribute to stock price performance.

Pengaruh Kepemilikan Asing, Effective Tax Rate (ETR), dan Mekanisme Bonus terhadap Transfer Pricing

2026-08-12T11:37:24+00:00

Transfer pricing remains an important issue for multinational companies because related-party transactions may be influenced by ownership structure, tax considerations, and managerial incentives. This study examines the effects of foreign ownership, Effective Tax Rate (ETR), and bonus mechanism on transfer pricing among energy-sector companies listed on the Indonesia Stock Exchange during 2020-2024. Using a quantitative approach, this study employs secondary data obtained from annual reports and financial statements and selected 12 companies through purposive sampling, resulting in 56 firm-year observations. Panel data regression was conducted using EViews 13, with the Random Effect Model selected based on the model specification tests. The results indicate that foreign ownership and ETR do not have significant effects on transfer pricing, whereas the bonus mechanism has a positive and significant effect. Simultaneously, foreign ownership, ETR, and the bonus mechanism significantly affect transfer pricing. The findings suggest that managerial incentives associated with profit performance may be more relevant to transfer pricing decisions than foreign ownership or effective tax burden in the observed energy-sector companies. These findings provide empirical evidence for understanding managerial factors associated with related-party transactions in Indonesia.

Pengaruh Kebijakan Dividen, Suku Bunga, dan Inflasi terhadap Harga Saham

2026-08-12T11:38:29+00:00

Stock prices in the financial sector are influenced by both firm-specific and macroeconomic factors, yet previous studies have reported inconsistent findings regarding the roles of dividend policy, interest rates, and inflation. This study aims to examine the effect of dividend policy, interest rates, and inflation on the stock prices of financial sector companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024, both simultaneously and partially. This quantitative study uses an associative approach and secondary data obtained from companies’ annual financial reports and relevant macroeconomic data. Using purposive sampling, 26 companies were selected, resulting in 130 firm-year observations. Panel data regression was employed to examine the proposed relationships. The results show that dividend policy, interest rates, and inflation simultaneously affect stock prices. Partially, dividend policy has a positive and significant effect on stock prices, whereas interest rates and inflation do not have significant effects. The model has an Adjusted R-squared of 25.93%, indicating that the three independent variables explain 25.93% of the variation in stock prices, while the remaining variation is attributable to other factors not included in the model. These findings highlight the importance of dividend policy as a relevant signal for investors in evaluating financial sector companies.

Pengaruh Capital Intensity, Company Size, dan Agresivitas Pajak terhadap Nilai Perusahaan

2026-08-13T04:32:07+00:00

The energy sector has shown strong market performance in Indonesia, yet firm value among energy companies listed on the Indonesia Stock Exchange has remained volatile. This condition indicates the need to examine financial factors that may influence investors’ assessment of firm value. This study aims to examine the effect of capital intensity, company size, and tax aggressiveness on firm value, both simultaneously and partially. A quantitative approach was employed using secondary data obtained from annual reports and financial statements of energy sector companies listed on the Indonesia Stock Exchange during 2020–2024. Using purposive sampling, 15 companies with 75 firm-year observations were selected. Firm value was measured using Tobin’s Q, while capital intensity, company size, and tax aggressiveness were measured using their respective financial indicators. Panel data regression was performed using EViews 13, with the Random Effect Model selected as the estimation model. The results show that capital intensity, company size, and tax aggressiveness jointly affect firm value, although their explanatory contribution is limited, with an adjusted R-squared of 8.53%. Partially, capital intensity has a significant negative effect on firm value, whereas company size and tax aggressiveness do not have significant effects.

Pengaruh Political Connection, Capital Intensity dan Ukuran Dewan Komisaris terhadap Agresivitas Pajak

2026-08-13T04:33:04+00:00

Tax aggressiveness remains an important issue because corporate tax planning may reduce tax liabilities and affect government revenue. This study aims to examine the effects of political connection, capital intensity, and board of commissioners size on tax aggressiveness in energy sector companies listed on the Indonesia Stock Exchange during 2020–2024. This quantitative study uses an associative approach and secondary data obtained from annual reports and audited financial statements. Using purposive sampling, 27 companies were selected, resulting in 135 firm-year observations. The data were analyzed using panel data regression, with the Random Effect Model selected based on the Chow, Hausman, and Lagrange Multiplier tests. Tax aggressiveness was measured using the Effective Tax Rate (ETR), while political connection was measured using a dummy variable, capital intensity by the proportion of net fixed assets to total assets, and board size by the number of commissioners. The results show that political connection and board size do not have significant effects on tax aggressiveness, whereas capital intensity has a negative and significant effect. Collectively, the three independent variables significantly affect tax aggressiveness. These findings indicate that capital structure characteristics may play a more prominent role than political connections and board size in explaining differences in the tax aggressiveness measure.

Pengaruh Struktur Modal, Profitabilitas, dan Good Corporate Governance terhadap Tax Avoidance

2026-08-15T05:09:51+00:00

Tax avoidance remains an important issue because previous studies have reported inconsistent findings regarding the factors associated with corporate tax avoidance. This study examines the relationship of capital structure, profitability, and good corporate governance with tax avoidance in Consumer Non-Cyclicals companies in the Agricultural Products subsector listed on the Indonesia Stock Exchange during 2020–2024. A quantitative associative approach was employed using secondary data obtained from annual financial and corporate reports. The sample was selected through purposive sampling based on predetermined criteria, and the data were analyzed using panel data regression with EViews 14. The Random Effect Model was selected as the estimation model. Tax avoidance was measured using the Effective Tax Rate (ETR), while capital structure, profitability, independent commissioners, institutional ownership, and audit committee were measured using DER, ROA, the proportion of independent commissioners, institutional share ownership, and the number of audit committee members, respectively. The findings show that capital structure and profitability have significant relationships with tax avoidance. In contrast, independent commissioners, institutional ownership, and audit committee do not have significant individual relationships with tax avoidance. Collectively, the five explanatory variables significantly relate to tax avoidance.

Pengaruh Pemutihan Pajak, Digitalisasi Pajak, dan Sosialisasi Pajak terhadap Kepatuhan Membayar Pajak Kendaraan Bermotor

2026-08-15T05:10:47+00:00

Motor Vehicle Tax (MVT) compliance remains an important issue in optimizing local tax revenue, particularly in areas where the realization of MVT revenue has not yet reached its target. This study aims to examine the effects of tax amnesty programs, tax digitalization, and tax socialization on taxpayers’ compliance in paying Motor Vehicle Tax at Kajen Samsat, Pekalongan Regency. A quantitative approach with a causal associative design was employed. Primary data were collected through questionnaires from 100 motor vehicle taxpayers selected using purposive sampling. The data were analyzed using multiple linear regression with the assistance of IBM SPSS Statistics 27. The findings show that the tax amnesty program has a positive and significant effect on taxpayers’ compliance in paying MVT (β = 0.597; p < 0.001). In contrast, tax digitalization has a negative but statistically insignificant effect (β = −0.093; p = 0.405), while tax socialization has a positive but statistically insignificant effect (β = 0.147; p = 0.201). Simultaneously, tax amnesty, tax digitalization, and tax socialization significantly affect MVT compliance (F = 21.718; p < 0.001). The model explains 38.6% of the variation in taxpayers’ compliance.

Pengaruh Green Investment, Kebijakan Dividen dan Perencanaan Pajak terhadap Nilai Perusahaan

2026-08-15T05:08:25+00:00

Firm value is an important consideration for investors, particularly in the Basic Materials sector, where environmental expenditures, dividend decisions, and tax management may influence market perceptions. This study aims to examine the effect of green investment, dividend policy, and tax planning on firm value in Basic Materials companies listed on the Indonesia Stock Exchange during 2021-2025. This study uses a quantitative approach with secondary data obtained from annual reports and sustainability reports. Using purposive sampling, eight companies were selected, resulting in 40 firm-year observations. Panel data regression was estimated using EViews 14, with the Random Effects Model selected based on the Chow, Hausman, and Lagrange Multiplier tests. Firm value is measured by the logarithm of Price to Book Value (PBV), while green investment is measured by environmental costs relative to total assets, dividend policy by Dividend Payout Ratio (DPR), and tax planning by Effective Tax Rate (ETR). The results show that green investment has a negative and significant effect on firm value. Dividend policy has a negative but statistically insignificant effect, while tax planning has a positive but statistically insignificant effect. Simultaneously, the three independent variables significantly affect firm value, although the model explains 21.38% of its variation. These findings suggest that the individual effects of environmental investment, dividend policy, and tax management differ in explaining firm value.

Pengaruh Fixed Asset Intensity, Inventory Intensity, dan Pertumbuhan Penjualan terhadap Tax Avoidance

2026-08-15T05:41:07+00:00

Tax avoidance remains an important issue because companies may seek to reduce their tax burden while maintaining business performance. This study aims to examine the effect of fixed asset intensity, inventory intensity, and sales growth on tax avoidance in consumer non-cyclical companies listed on the Indonesia Stock Exchange during 2020–2024. This quantitative study uses secondary data obtained from annual financial reports. The sample was selected using purposive sampling, resulting in 18 companies and 90 firm-year observations after data screening. Panel data regression was employed, with the Random Effect Model selected for the estimation. The findings show that fixed asset intensity and inventory intensity do not have a significant effect on tax avoidance. In contrast, sales growth has a significant effect on tax avoidance. Simultaneously, fixed asset intensity, inventory intensity, and sales growth significantly affect tax avoidance. These findings indicate that sales growth is more closely associated with tax avoidance than the intensity of fixed assets and inventory among consumer non-cyclical companies during the study period.

Pengaruh Intensitas Modal, Pertumbuhan Penjualan terhadap Agresivitas Pajak dengan Komisaris Independen sebagai Pemoderasi

2026-08-12T13:39:38+00:00

Tax aggressiveness remains an important concern because companies may seek to manage their tax burden while maintaining profitability. This study examines the effect of capital intensity and sales growth on tax aggressiveness and investigates whether independent commissioners moderate these relationships in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange during 2021-2024. This quantitative study uses secondary data from annual reports and financial statements. Using purposive sampling, 46 companies were selected, resulting in 184 firm-year observations. Tax aggressiveness is proxied by the Effective Tax Rate (ETR). The data were analyzed using panel data regression and Moderated Regression Analysis (MRA) with EViews 13. The results show that capital intensity does not significantly affect tax aggressiveness, while sales growth has a significant effect. Simultaneously, capital intensity and sales growth significantly affect tax aggressiveness. However, independent commissioners do not significantly moderate the relationship between capital intensity and tax aggressiveness or between sales growth and tax aggressiveness. These findings suggest that sales growth is more closely associated with tax aggressiveness than capital intensity, while the proportion of independent commissioners does not significantly alter these relationships.

Analisis Pengaruh Intensitas Modal, Tingkat Hutang terhadap Manajemen Pajak dengan Peran Moderasi Ukuran Perusahaan

2026-07-09T02:18:16+00:00

Tax management has become increasingly important for companies because tax obligations can affect profitability and financial efficiency, while differences in corporate characteristics may influence the strategies adopted to manage tax burdens. In this context, capital intensity, leverage, and firm size are relevant factors to examine, particularly in the Basic Materials sector, which has distinctive asset structures and substantial investment requirements. This study aims to analyze the effect of capital intensity and leverage on tax management, with firm size as a moderating variable, in Basic Materials sector companies listed on the Indonesia Stock Exchange during 2020–2024. This research employed a quantitative approach using secondary data obtained from companies’ annual financial statements. The sample was selected using purposive sampling. Data were analyzed using panel data regression and Moderated Regression Analysis (MRA) with EViews 12. The results indicate that capital intensity affects tax management, whereas leverage has no significant effect on tax management. Furthermore, firm size is unable to moderate the relationship between capital intensity and tax management or between leverage and tax management. These findings contribute to the development of corporate tax management strategies and provide references for future research.

Pengaruh Corporate Social Responsibility terhadap Penghindaran Pajak dengan Keberagaman Gender sebagai Variabel Moderasi

2026-08-12T13:40:44+00:00

The Non-Cyclical Consumer Goods Sector plays a crucial role in maintaining economic stability because it provides essential goods that remain in demand regardless of economic conditions. Nevertheless, companies in this sector continue to prioritize their social responsibility and remain attentive to their tax management; therefore, it is important to identify the factors that influence their tax payments. This study analyzes the effect of corporate social responsibility on tax avoidance, with gender diversity as a moderator variable. The study was conducted on companies in the non-cyclical consumer goods sector that have been audited and are listed on the Indonesia Stock Exchange during the period from 2020 to 2024. The sample used in this study consists of 28 companies in the non-cyclical consumer sector listed on the Indonesia Stock Exchange during the 2020–2024 period, selected using purposive sampling. The data used in this study are secondary data in the form of financial statements and annual reports published by each company. Panel data regression and Moderated Regression Analysis (MRA) were used as the research methodologies in this study. The analysis of the research results was performed using EViews 12 software. The results of the study indicate that corporate social responsibility does not affect tax avoidance. Gender diversity does not moderate the relationship between corporate social responsibility and tax avoidance.

Pengaruh Kebijakan Hutang, Kepemilikan Manajerial, dan Inventory Intensity terhadap Agresivitas Pajak

2026-08-13T09:04:36+00:00

This study aims to examine the effect of debt policy, managerial ownership, and inventory intensity on tax aggressiveness in consumer non cyclicals companies listed on the Indonesia Stock Exchange during 2020–2024. This research uses a quantitative descriptive approach. The sample was selected using purposive sampling and consisted of 12 companies with 60 observations. Data were analyzed using panel data regression, model selection tests, classical assumption tests, coefficient of determination, simultaneous significance testing, and partial significance testing with EViews 12. The results show that debt policy, managerial ownership, and inventory intensity simultaneously affect tax aggressiveness. Partially, debt policy has a significant effect on tax aggressiveness, while managerial ownership and inventory intensity do not have a significant effect. The adjusted R-squared of 44.6% indicates that the three independent variables explain 44.6% of the variation in tax aggressiveness, while 55.4% is explained by other factors outside the research model. The findings indicate that debt structure is an important consideration in corporate tax management, particularly because interest expenses can provide a tax shield.

Peran Moderasi Kepemimpinan Transformasional dalam Mengurangi Resistensi Pengguna Rekam Medis Elektronik di Rumah Sakit Lapangan Ancol

2026-08-13T09:07:18+00:00

The implementation of Electronic Medical Records (EMR) at the Ancol Field Hospital (Rumkitlap Ancol) continues to face resistance from healthcare workers, a factor that could hinder the system's success. This study aims to analyze the influence of digital literacy and system quality on EMR user resistance, both directly and with transformational leadership acting as a moderating variable. A quantitative approach with a causal-explanatory design was employed. The study population consisted of 124 healthcare and administrative staff, with a sample of 95 respondents selected via simple random sampling. Data were collected using a 1–4 Likert scale questionnaire and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) via SmartPLS 4. The results indicate that digital literacy, system quality, and transformational leadership simultaneously exert a significant influence on EMR user resistance, accounting for 43.6% of the variance (Adjusted R² = 0.436). Individually, digital literacy had a significant negative effect on resistance (β = -0.491; p = 0.000), as did system quality (β = -0.432; p = 0.000). Transformational leadership was not found to moderate the influence of either digital literacy (t = 0.893 < 1.96) or system quality (t = 1.005 < 1.96) on resistance. These findings underscore that reducing EMR resistance requires enhancing healthcare workers' digital literacy, improving system quality to ensure responsiveness and reliability, and strengthening transformational leadership as a direct approach, rather than relying solely on the moderating role of leadership.

Keadilan Kompensasi dan Kinerja Karyawan: Peran Financial Well-Being sebagai Variabel Mediasi

2026-08-13T09:08:25+00:00

In an increasingly dynamic work environment, compensation fairness has become an important factor in shaping employees’ perceptions of their financial security and, ultimately, their work performance. This study examines the effect of compensation fairness on employee performance, with financial well-being serving as a mediating variable. An explanatory quantitative approach was employed using synthetic data comprising 250 observations. Each construct was measured using six reflective indicators on a 5-point Likert scale. The results indicate that compensation fairness has a positive effect on financial well-being (β = 0.455), while financial well-being positively affects employee performance (β = 0.382). Compensation fairness also retains a direct positive effect on employee performance (β = 0.299). The indirect effect is 0.174, with a 95% confidence interval ranging from 0.111 to 0.249, indicating partial mediation. These findings suggest that perceived compensation fairness has the potential to enhance employee performance not only directly but also indirectly through improved employee financial well-being.

Pengaruh Biaya Operasional, Struktur Modal, Penjualan Bersih, dan Perencanaan Pajak terhadap Pajak Penghasilan Badan Terutang

2026-08-13T15:45:56+00:00

This study aims to test and analyze how much Operational Costs, Capital Structure, Net Sales, and Tax Planning affect Corporate Income Tax Payable. The type of research method used is associative quantitative. The data source for this research uses secondary data in the form of company financial statements. The population in this study includes consumer non-cyclical sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2020-2024, totaling 131 companies. Sample selection in this study was done using purposive sampling, resulting in a sample of 25 companies with a 5-year observation period of financial statements, so the data used in this study amounts to 125. The data analysis technique used in this study is panel data regression analysis with the help of the data processing application E-views version 12. The results of this study partially show that Operational Costs affect Corporate Income Tax Payable, Capital Structure does not affect Corporate Income Tax Payable, Net Sales affect Corporate Income Tax Payable, and Tax Planning does not affect Corporate Income Tax Payable. The results of this study simultaneously show that Operational Costs, Capital Structure, Net Sales, and Tax Planning affect Corporate Income Tax Payable.

Pengaruh Intensitas Modal dan Ukuran Perusahaan terhadap Tax Avoidance

2026-08-14T03:24:00+00:00

This study aims to examine the effect of capital intensity and firm size on tax avoidance in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This research employed a quantitative approach using secondary data obtained from the companies' financial statements. The sample was selected using purposive sampling, resulting in 21 companies with a total of 105 observations. Data were analyzed using panel data regression with EViews 13 software. Based on the model selection test, the Fixed Effect Model (FEM) was selected as the most appropriate model. The results indicate that capital intensity has a significant effect on tax avoidance, while firm size has no significant effect on tax avoidance. Simultaneously, capital intensity and firm size have a significant effect on tax avoidance. The coefficient of determination indicates that the independent variables explain 36.95% of the variation in tax avoidance based on the Adjusted R-Squared value, while the remaining 63.05% is explained by other variables outside the research model. Therefore, it can be concluded that capital intensity affects tax avoidance, whereas firm size does not affect tax avoidance in energy sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period.

Pengaruh Tax Avoidance, Struktur Modal, dan Pertumbuhan Pendapatan terhadap Nilai Perusahaan

2026-08-17T11:03:45+00:00

This study aims to analyze the effects of tax avoidance, capital structure, and revenue growth on firm value among companies in the consumer cyclicals sector listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employs a quantitative approach using secondary data obtained from the companies’ financial statements. Data analysis was conducted using panel data regression with the aid of EViews 14. Based on the model selection results, the Fixed Effects Model (FEM) was used as the estimation model. The results indicate that Tax Avoidance has a negative but insignificant effect on Firm Value. Capital Structure has a positive and significant effect on Firm Value. Meanwhile, Revenue Growth has a negative but insignificant effect on Firm Value. Simultaneously, tax avoidance, capital structure, and revenue growth have a significant effect on firm value. These results indicate that capital structure is the variable with a significant influence on firm value in this study.

Pengaruh Penerapan Enviromental Social Governance (ESG) dan Capital Intensity terhadap Tax Avoidance

2026-08-27T05:26:22+00:00

Tax avoidance remains an important issue because tax revenue is a major source of government financing, while companies seek to manage their tax burden efficiently. This study examines the effect of Environmental, Social, and Governance (ESG) disclosure and capital intensity on tax avoidance in consumer non-cyclicals companies listed on the Indonesia Stock Exchange during 2020-2024. This study uses a quantitative approach with secondary data obtained from annual reports and sustainability reports. The population consists of 132 companies, from which 8 companies were selected using purposive sampling, resulting in 40 firm-year observations. The data were analyzed using panel data regression with the Common Effect Model and processed using EViews 13. Tax avoidance is proxied by the Effective Tax Rate (ETR), while ESG is measured based on the disclosure of GRI 2021 indicators and capital intensity is measured by the proportion of fixed assets to total assets. The results show that ESG disclosure does not have a significant effect on ETR, with a probability value of 0.0595. In contrast, capital intensity has a significant positive effect on ETR, with a probability value of 0.0024. Simultaneously, ESG disclosure and capital intensity significantly affect ETR, as indicated by a probability value of 0.001016. These findings indicate that capital intensity is more closely associated with variations in corporate effective tax rates than ESG disclosure.

Pengaruh Kinerja Keuangan dan Intensitas Modal terhadap Tax Avoidance dengan Green Accounting sebagai Variabel Moderasi

2026-08-18T12:30:50+00:00

Tax avoidance remains an important concern for large companies because efforts to reduce tax burdens may affect tax revenue and corporate accountability. This study aims to examine the effect of financial performance and capital intensity on tax avoidance and to determine whether green accounting moderates these relationships in LQ45 companies listed on the Indonesia Stock Exchange during 2020-2024. A quantitative associative approach was employed using secondary data from annual and sustainability reports. The sample was selected through purposive sampling and consisted of 14 companies, resulting in 70 firm-year observations. Financial performance was measured by Return on Assets (ROA), capital intensity by the proportion of fixed assets to total assets, tax avoidance by Effective Tax Rate (ETR), and green accounting by environmental disclosure based on GRI G4 indicators. Data were analyzed using panel data regression and Moderated Regression Analysis with EViews 12. The results show that financial performance has a positive and significant effect on tax avoidance, while capital intensity has no significant effect. Both variables simultaneously affect tax avoidance. Green accounting does not moderate the effects of either financial performance or capital intensity on tax avoidance. These findings suggest that tax-related decisions are more closely associated with financial considerations than environmental disclosure.

Pengaruh Kompensasi Rugi Fiskal dan Struktur Modal terhadap Tax Avoidance dengan Capital Intensity sebagai Variabel Moderasi

2026-08-19T07:02:57+00:00

This study aims to analyze the effect of fiscal loss compensation and capital structure on tax avoidance, with capital intensity as a control variable, in companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study uses a quantitative method with an associative approach. The data used are secondary data obtained from companies’ financial statements through the official website of the Indonesia Stock Exchange (IDX). The research population consists of 131 companies, with a sample of 32 companies selected using the purposive sampling method. Data analysis was conducted using EViews 12 through panel data regression analysis. The results indicate that, simultaneously, fiscal loss compensation and capital structure affect tax avoidance. Partially, fiscal loss compensation does not affect tax avoidance, while capital structure has a significant effect on tax avoidance. Furthermore, capital intensity is unable to moderate the effect of fiscal loss compensation on tax avoidance; however, it is able to moderate the effect of capital structure on tax avoidance. These findings indicate that a company’s financing policy plays a more dominant role in influencing tax avoidance, while capital intensity strengthens the relationship between capital structure and tax avoidance.

Pengaruh Capital Intensity dan Inventory Intensity terhadap Tax Aggressiveness dengan Corporate Social Responsibility sebagai Variabel Moderasi

2026-08-21T06:42:42+00:00

This study aims to analyze the effect of Capital Intensity and Inventory Intensity on Tax Aggressiveness with Corporate Social Responsibility as a moderating variable in Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange for the 2020-2024 period. The research method used is quantitative method with secondary data in the form of company annual financial reports. The sampling technique used purposive sampling with certain criteria, resulting in 28 sample companies with a total of 140 observations over 5 years. The data analysis technique used panel data regression with the help of EViews 13 and Microsoft Excel 2019 software. The results showed that simultaneously, Capital Intensity, Inventory Intensity, and Corporate Social Responsibility have a significant effect on Tax Aggressiveness. However, partially, Capital Intensity does not have a significant effect on Tax Aggressiveness, Inventory Intensity does not have a significant effect on Tax Aggressiveness, Corporate Social Responsibility is unable to moderate the effect of Capital Intensity on Tax Aggressiveness, and Corporate Social Responsibility is unable to moderate the effect of Inventory Intensity on Tax Aggressiveness. This study contributes to the development of agency and legitimacy theory in the context of taxation, as well as serving as a reference for companies and regulators in formulating more effective and transparent tax policies.

Peran Transparansi Perusahaan dalam Mengendalikan Manajemen Laba dan Agresivitas Pajak terhadap Nilai Perusahaan

2026-08-21T13:16:06+00:00

This study aims to determine the effect of earnings management and tax aggressiveness on firm value, with corporate transparency as a moderating variable. The study subjects were companies in the Consumer Non-Cyclicals sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The sampling technique used was purposive sampling, resulting in a sample of 44 companies processed from a population of 132 companies. The data used in this study is secondary data with a quantitative approach, sourced from annual financial statements and company annual reports. Data analysis was performed using panel data regression with the aid of EViews 12 software. The results indicate that earnings management and tax aggressiveness simultaneously influence firm value. Partially, earnings management has no effect on firm value, and tax aggressiveness does. Furthermore, corporate transparency does not moderate the relationship between earnings management and firm value, nor the relationship between tax aggressiveness and firm value.

Pengaruh Kinerja Keuangan, Tax Avoidance, dan Sales Growth terhadap Nilai Perusahaan : Studi Empiris pada Perusahaan Sektor Consumer Non-Cyclicals di Bursa Efek Indonesia Tahun 2020-2024

2026-08-21T13:17:15+00:00

This study aims to empirically examine the effect of financial performance, tax avoidance, and sales growth on firm value in Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020-2024 period. This research uses secondary data obtained from published annual financial reports accessible through the official IDX website (www.idx.co.id). The population comprises 131 Consumer Non-Cyclicals companies, from which 40 companies were selected using purposive sampling, producing 200 firm-year observations. The analytical method used is panel data regression with EViews 12, covering descriptive statistics, panel model selection (Chow and Hausman tests), classical assumption tests (multicollinearity, heteroscedasticity, and autocorrelation), panel regression analysis, hypothesis testing (simultaneous F-test and partial t-test), and the coefficient of determination (Adjusted R²). The Fixed Effect Model was selected as the best estimation model, and the model was free from multicollinearity, heteroscedasticity, and autocorrelation problems. The results show that financial performance, tax avoidance, and sales growth simultaneously affect firm value. Partially, financial performance has a significant positive effect on firm value, whereas tax avoidance and sales growth have no significant effect on firm value.

Pengaruh Capital Intensity, Inventory Intensity, dan Kepemilikan Institusional terhadap Agresivitas Pajak

2026-08-22T04:28:13+00:00

This study aims to analyze the effect of capital intensity, inventory intensity, and institutional ownership on tax aggressiveness in companies listed in the LQ45 index for the 2020–2024 period. The independent variables in this study include capital intensity, inventory intensity, and institutional ownership, while the dependent variable is tax aggressiveness measured using the Effective Tax Rate (ETR). The research method employed is a quantitative approach using panel data regression analysis with E-Views 12 software. The results show that simultaneously, capital intensity, inventory intensity, and institutional ownership have an effect on tax aggressiveness. Partially, capital intensity has a positive and significant effect on tax aggressiveness, while inventory intensity does not have an effect on tax aggressiveness, and institutional ownership also does not have an effect on tax aggressiveness. Based on these findings, it can be concluded that only capital intensity has a significant influence on tax aggressiveness, while inventory intensity and institutional ownership do not show any significant effect. These findings indicate that investment decisions in fixed assets play a role in corporate tax planning practices, whereas inventory factors and institutional ownership are not the main determinants of tax aggressiveness. It is expected that this study provides empirical insights into how asset structure and ownership structure can influence corporate tax aggressiveness behavior. Therefore, management can evaluate its internal tax policies to avoid potential legal and reputational risks.

Pengaruh Intensitas Aset Tetap, Likuiditas, dan Karakter Eksekutif terhadap Penghindaran Pajak

2026-08-22T04:48:29+00:00

This research aims to examine the effect of fixed asset intensity, liquidity, and executive characteristics on tax avoidance in lq45-indexed companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024. This research employs a quantitative approach using a purposive sampling technique. The sample consists of 24 companies that meet the predetermined criteria, resulting in 120 observations over five years. The data used are secondary data in the form of annual financial reports obtained from the official website of the Indonesia Stock Exchange (IDX). The data were analyzed using descriptive statistical analysis and panel data regression with the assistance of EViews 12 software. The result indicate that fixed asset intensity, liquidity, and executive characteristics simultaneously have a significant effect on tax avoidance. Partially, fixed asset intensity has a positif effect on tax avoidance, and liquidity also has a positif effect on tax avoidance. However, executive characteristics do not have a effect on tax avoidance.

Pengaruh Capital Intensity, Environmental Social Governance, dan Sales Growth terhadap Tax Avoidance

2026-08-22T09:16:40+00:00

This study aims to examine the effects of Capital Intensity, Environmental, Social, and Governance, and Sales Growth on Tax Avoidance among companies in the primary consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employs a quantitative research approach. The sample was selected using purposive sampling from a population of 131 companies, resulting in 11 companies with a total of 55 observations. Quantitative data analysis was conducted using panel data regression with the aid of EViews 12. The results indicate that, simultaneously, Capital Intensity, Environmental, Social, and Governance (ESG), and Sales Growth influence Tax Avoidance. Partially, Capital Intensity and Sales Growth do not influence Tax Avoidance. Meanwhile, Environmental, Social, and Governance (ESG) does influence Tax Avoidance. These findings indicate that the implementation of (ESG) plays a greater role in influencing tax avoidance practices than either capital intensity or sales growth. This study is expected to serve as a reference for the advancement of knowledge in the fields of accounting and taxation, provide guidance to companies in formulating tax policies consistent with the principles of good corporate governance, serve as a basis for investors’ investment decisions, and serve as a reference for future researchers in conducting studies on the factors that influence tax avoidance.

Pengaruh Intensitas Aset Tetap, Ukuran Perusahaan, Pertumbuhan Penjualan, dan Leverage terhadap Penghindaran Pajak

2026-08-24T12:06:07+00:00

This study aims to determine the effect of Fixed Asset Intensity, Firm Size, Sales Growth, and Leverage on Tax Avoidance. This research employs a quantitative approach using secondary data obtained from banking companies listed on the Indonesia Stock Exchange during 2020–2024. The sample consists of 30 banking companies over a five-year period, resulting in 150 observations, selected using purposive sampling based on the availability and completeness of financial statements. Tax Avoidance is the dependent variable, while Fixed Asset Intensity, Firm Size, Sales Growth, and Leverage are the independent variables. Data processing was performed using Microsoft Office Excel 2021 and EViews 12. The analytical techniques included descriptive statistics, classical assumption tests, panel data regression, model selection, and hypothesis testing. The results indicate that Fixed Asset Intensity has a positive and significant effect on Tax Avoidance, Firm Size has a negative and significant effect, and Sales Growth has a positive and significant effect, while Leverage does not have a significant effect. Simultaneously, the four independent variables significantly affect Tax Avoidance.

Pengaruh Transfer Pricing, Ukuran Perusahaan, dan Pertumbuhan Penjualan terhadap Penghindaran Pajak : Studi Empiris pada Perusahaan Sektor Energy yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2024

2026-08-24T03:45:54+00:00

This study aims to analyze the effects of transfer pricing, firm size, and sales growth on tax avoidance among companies in the energy sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study employs a quantitative method with an associative approach. This study uses purposive sampling, resulting in a sample of 13 companies with a total of 65 observations. The data analysis methods used include descriptive statistics, classical assumption tests, panel data regression model estimation, panel data regression model selection tests, panel data regression analysis, the coefficient of determination (R²) test, the simultaneous test (F), and the partial test (t) using EViews 12. Based on the analysis results, transfer pricing, firm size, and sales growth simultaneously influence tax avoidance. Based on the partial analysis, firm size influences tax avoidance, while transfer pricing and sales growth do not influence tax avoidance among companies in the Energy sector listed on the Indonesia Stock Exchange for the 2020–2024 period.

Analisis Pengaruh Peran Work-Life Balance dan Organizational Commitment terhadap Job Satisfaction dan Employee Retention

2026-08-28T04:30:25+00:00

Human resources play an important role in helping organizations achieve their objectives, while employee retention remains a challenge as work demands continue to increase. Work-Life Balance and Organizational Commitment are considered important factors in shaping employees’ Job Satisfaction and their intention to remain in an organization. This study aims to examine the effects of Work-Life Balance and Organizational Commitment on Job Satisfaction and Employee Retention, as well as the mediating role of Job Satisfaction. A quantitative causal approach was applied to employees of the Cengkareng Regional Tax Service Unit (UPPD). Data were collected through a questionnaire from 100 respondents selected using purposive sampling and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings show that Work-Life Balance and Organizational Commitment have positive and significant effects on Job Satisfaction. Organizational Commitment and Job Satisfaction also have positive and significant effects on Employee Retention, whereas Work-Life Balance does not have a significant direct effect on Employee Retention. However, Work-Life Balance has a significant indirect effect on Employee Retention through Job Satisfaction. Organizational Commitment also has a significant indirect effect on Employee Retention through Job Satisfaction. These findings indicate that Job Satisfaction plays an important role in strengthening employee retention, particularly in relation to Work-Life Balance and Organizational Commitment.

Lecturer Performance as Reflected by the Quality of Scientific Publications

2026-08-31T00:34:07+00:00

The improvement of higher education quality is highly dependent on lecturers’ performance, particularly their contribution to scientific publications. In the era of global competition, scientific publications are not only an academic requirement but also a crucial indicator for measuring lecturers’ performance. The Master of Management Study Program at Universitas Pamulang faces challenges in enhancing both the quality and quantity of its lecturers’ scientific publications. This research is motivated by the importance of identifying the extent to which the quality of scientific publications can serve as a reliable parameter of lecturers’ performance. The objective of this study is to analyze the quality of scientific publications as an instrument for assessing lecturers’ performance, specifically in the aspects of research and community service. This study employs a quantitative method with a descriptive approach. Data are collected through documentation obtained from the SINTA (Science and Technology Index) database of the Ministry of Education, Culture, Research, and Technology of Indonesia. The expected results provide an empirical overview of how the quality of scientific publications reflects overall lecturers’ performance. The outcomes of this study include the publication of scientific articles in reputable international journals and nationally accredited journals, as well as strategic recommendations for developing policies aimed at improving the quality of scientific publications within the study program.

Pengaruh Kompensasi Manajemen, Preferensi Risiko Eksekutif, dan Transfer Pricing terhadap Tax Avoidance

2026-08-25T08:45:26+00:00

This study aims to obtain empirical evidence regarding the effect of management compensation, executive risk preference, and transfer pricing on tax avoidance. This study employs a quantitative approach using secondary data obtained from the annual reports and sustainability reports of Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) through www.idx.co.id and the official websites of the respective sample companies during the 2020–2024 period. The sample was selected using a purposive sampling method based on the criteria that the companies published complete financial statements, provided data required for the research, and were not delisted during the observation period. Based on these criteria, 16 companies were selected, resulting in a total of 80 observations. The data were analyzed using panel data regression with EViews 13 software. The results indicate that management compensation, executive risk preference, and transfer pricing simultaneously affect tax avoidance. Partially, management compensation has no effect on tax avoidance. Meanwhile, executive risk preference has a significant effect on tax avoidance. In addition, transfer pricing has a significant effect on tax avoidance. The findings indicate that managerial risk characteristics and related-party transaction intensity are more closely associated with tax avoidance than the magnitude of management compensation in the observed companies.

Pengaruh Lifestyle dan Brand Image terhadap Customer Loyalty melalui Peningkatan Customer Satisfaction pada Layanan Tranportasi Online

2026-08-28T04:31:09+00:00

Online transportation services in Jakarta have experienced rapid growth, leading to increased competition among transportation providers; therefore, companies are required to have effective strategies to maintain customer loyalty. This study aims to analyze the impact of lifestyle and brand image on customer loyalty, with customer satisfaction serving as a mediating variable, among Gojek users in Jakarta. The researcher used a quantitative approach with questionnaire data collected from 120 respondents through targeted sampling. Gojek users were aged 18 to 40 years old and had used Gojek services at least three times in the past six months. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that lifestyle and brand image have a positive and significant influence on customer satisfaction and loyalty. The study also shows that customer satisfaction acts as a mediating variable in the influence of lifestyle and brand image on customer loyalty, indicating the importance of tailoring services to users’ lifestyles and maintaining a strong brand image. This study has both theoretical and practical implications; theoretically, it contributes to the development of research in digital marketing and consumer behavior, while practically, it provides insights for Gojek in developing strategies to enhance customer satisfaction and customer loyalty.

Pengaruh Green Human Resource Management terhadap Corporate Reputation melalui Job Performance

2026-08-28T04:31:57+00:00

This study examines the impact of Green Recruitment and Green Training on job performance, with corporate reputation as a factor, among the workforce of PT Angkasa Pura I. The research is motivated by an awareness of the importance of implementing Green Human Resource Management to enhance both corporate reputation and employee effectiveness, particularly regarding environmental sustainability. The study aims to evaluate how Green Recruitment and Green Training influence corporate reputation and job performance, as well as to examine the moderating role of corporate reputation in these relationships. This quantitative study involved 133 respondents selected via purposive sampling, and the data were analyzed using PLS-SEM. The results indicate that Green Recruitment has a positive and significant impact on both corporate reputation and job performance. Similarly, Green Training exerts a positive and significant influence on corporate reputation and job performance. Furthermore, corporate reputation has a positive and significant effect on job performance. The findings suggest that Green Training by providing job-specific environmental conservation knowledge enables employees to understand and implement sustainable practices in their daily routines. Green Recruitment aims to attract applicants who demonstrate ecological awareness and reflects the organization's commitment to sustainability, thereby enhancing its reputation through environmental responsibility and fair treatment of employees. Job performance is evidenced by employees' ability to devise effective work methods, manage their responsibilities well, and complete tasks on time. Concurrently, a corporate reputation reflected in the fair treatment of employees fosters a relationship of mutual trust, which in turn motivates employees to handle their tasks in a more organized manner and contributes to overall performance improvement.

Pengaruh Social Media Marketing Activities, dan Brand Equity, terhadap Purchase Intention melalui Brand Trust Produk Hijab Muslimah

2026-08-28T04:32:54+00:00

Developments in Muslim women’s fashion and social media are driving changes in consumer behavior, particularly in the selection of hijab products. Digital marketing strategies play a crucial role in shaping consumers’ perceptions, trust, and purchase intentions toward local Muslim women’s fashion brands. This study aims to examine the influence of social media marketing activities and brand equity on purchase intention, with brand trust as a mediating variable, among consumers of Lozy Hijab’s Muslim women’s hijab products. This study employs a quantitative approach using the Partial Least Squares-Structural Equation Modeling (PLS-SEM) method. Data were analyzed from 140 respondents who are consumers of Lozy Hijab. The results indicate that Social Media Marketing Activities have a positive and significant effect on Brand Trust. This suggests that marketing activities conducted via social media can help increase Brand Trust in the brand. Brand Equity was also found to have a positive and significant effect on Brand Trust. Furthermore, Social Media Marketing Activities and Brand Equity have a positive and significant effect on Purchase Intention. Brand Trust also has a positive and significant effect on Purchase Intention. Brand Trust also has a positive and significant effect on Purchase Intention. In addition to its direct effect, Brand Trust has been shown to mediate the effects of Social Media Marketing Activities and Brand Equity on Purchase Intention. Therefore, Lozy Hijab needs to maintain its Social Media Marketing Activities, strengthen its Brand Equity, and uphold Brand Trust in order to drive an increase in Purchase Intention.

Pengaruh Tax Planning, Sales Growth, dan Capital Intensity terhadap Nilai Perusahaan : Studi Empiris pada Perusahaan Consumer Non-Cyclicals Bursa Efek Indonesia Tahun 2020-2024

2026-08-28T04:33:49+00:00

This study aims to analyze the effect of Tax Planning, Sales Growth, and Capital Intensity on Firm Value of Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. The study employed a quantitative approach using secondary data from annual financial reports. Purposive sampling resulted in 39 companies and 195 observations. The data were analyzed using panel data regression with EViews 13, and the Random Effect Model (REM) was selected based on the model selection tests. The results show that Tax Planning and Sales Growth do not have a significant partial effect on Firm Value, while Capital Intensity has a significant effect on Firm Value. Simultaneously, Tax Planning, Sales Growth, and Capital Intensity significantly affect Firm Value. The adjusted R-squared of 0.592507 indicates that the three independent variables explain 59.25% of the variation in Firm Value, while 40.75% is explained by other variables outside the model. The findings indicate that Capital Intensity is the variable with a significant partial role in Firm Value, whereas Tax Planning and Sales Growth are not the primary determinants in the observed sample.

Pengaruh Tax Avoidance, Struktur Modal, dan Sales Growth terhadap Nilai Perusahaan

2026-08-30T02:57:22+00:00

This study aims to obtain empirical evidence regarding the effect of tax avoidance, capital structure, and sales growth on firm value in Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange during 2020–2024. This study employed a quantitative approach using secondary data obtained from annual reports. Purposive sampling resulted in 5 companies with 25 observations. Data were analyzed using panel data regression with EViews 13. The results indicate that, simultaneously, tax avoidance, capital structure, and sales growth have a significant effect on firm value. Partially, tax avoidance has no effect on firm value, capital structure has no effect on firm value, while sales growth has an effect on firm value. The findings indicate that tax avoidance practices and capital structure decisions have not become factors that individually affect changes in firm value, while sales growth is one of the factors that can affect firm value. Therefore, companies need to pay attention to sales growth as one of the indicators for improving investor perceptions and firm value. This study is expected to serve as a reference for investors, academics, and future researchers.

Pengaruh Environmental Social Governance (ESG), Capital Intensity, dan Kepemilikan Manajerial terhadap Penghindaran Pajak

2026-08-31T06:47:19+00:00

This research aims to analyze the effect of Environmental, Social, and Governance (ESG), Capital Intensity, and Managerial Ownership on Tax Avoidance. This study employs a quantitative method using secondary data in the form of financial statements and sustainability reports of companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The population consisted of 131 companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used was purposive sampling, resulting in 6 companies with a total of 30 observations that met the predetermined sample criteria. The data analysis method used panel data regression with the Fixed Effect Model (FEM) approach and was processed using EViews 13. The results of the study indicate that, simultaneously, Environmental, Social, and Governance (ESG), Capital Intensity, and Managerial Ownership have a significant effect on Tax Avoidance. Partially, Environmental, Social, and Governance (ESG) has a significant effect on Tax Avoidance, while Capital Intensity and Managerial Ownership do not have a significant effect on Tax Avoidance. This study is expected to contribute theoretically by expanding the literature on the effects of Environmental, Social, and Governance (ESG), Capital Intensity, and Managerial Ownership on Tax Avoidance. Practically, this study can serve as an evaluation material for company management, provide guidance for investors in making investment decisions, and serve as an academic reference for understanding the development of tax-related studies by providing an overview of the factors influencing Tax Avoidance.

Pengaruh Arus Kas, Leverage dan Likuiditas terhadap Financial Distress

2026-09-01T05:39:50+00:00

This study aims to analyze the influence of Cash Flow, Leverage, and Liquidity on financial distress in telecommunications sub-sector companies listed on the Indonesia Stock Exchange during the 2021–2025 period. The study employs a quantitative method using secondary data obtained from the companies' annual financial reports. The sample was selected using a purposive sampling technique, resulting in 13 companies and a total of 65 observations. Data analysis was conducted using panel data regression with the aid of EViews 14 software; model selection procedures identified the Random Effect Model (REM) as the optimal model. The results indicate that Cash Flow, Leverage, and Liquidity simultaneously have a significant effect on financial distress. Individually, Cash Flow does not have a significant effect on financial distress, whereas Leverage has a significant negative effect, and Liquidity has a significant positive effect. The Adjusted R-squared value of 0.872963 indicates that 87.30% of the variation in financial distress can be explained by the three independent variables, while the remainder is influenced by factors outside the scope of this study. This research can provide insights into how cash flow and liquidity affect a company's financial stability.

Pengaruh Opini Audit, Pergantian Auditor, dan Komite Audit terhadap Audit Delay

2026-09-03T05:41:39+00:00

This study aims to examine the effect of audit opinion, auditor switching, and audit committee on audit delay. The population consists of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. The sample was selected using purposive sampling based on predetermined criteria, resulting in 52 companies and 260 observations. This study uses a quantitative approach with secondary data obtained from audited financial statements and annual reports. Data were analyzed using panel data regression with EViews 13. The results show that audit opinion, auditor switching, and audit committee simultaneously have a significant effect on audit delay. Partially, audit opinion does not have a significant effect on audit delay. Auditor switching has a significant effect on audit delay, while the audit committee also has a significant effect on audit delay. These findings indicate that differences in audit opinion do not significantly determine the length of audit completion, whereas auditor switching and audit committee are associated with the audit completion process. The coefficient of determination shows an Adjusted R-squared value of 21.85%, indicating that audit opinion, auditor switching, and audit committee explain 21.85% of the variation in audit delay, while the remaining 78.15% is explained by other factors outside the research model. This study provides empirical evidence regarding factors affecting audit delay in property and real estate companies in Indonesia and may contribute to the development of further research concerning audit timeliness and corporate reporting.

Pengaruh Good Corporate Governance dan Thin Capitalization terhadap Tax Avoidance

2026-09-03T05:40:54+00:00

This study aims to analyze the effect of Good Corporate Governance (GCG) and Thin Capitalization on Tax Avoidance. The study uses a sample of companies in the Energy sector listed on the Indonesia Stock Exchange from 2021 to 2025. The sampling method used in this study is purposive sampling, and Eviews 14 is used to analyze the data. The data source for this research is quantitative data from annual financial reports, with 40 companies serving as the research sample observed over 5 years, resulting in a total of 200 samples. The analysis technique used is panel data regression. The results of the study show that simultaneously, Good Corporate Governance and Thin Capitalization affect Tax Avoidance. The study also finds that the Good Corporate Governance variable of independent commissioners does not affect Tax Avoidance. Partially, the Good Corporate Governance variable of the audit committee does not affect Tax Avoidance. Partially, the Thin Capitalization variable has a positive effect on Tax Avoidance.

Pengaruh Country of Origin, Brand Image, Celebrity Endorsement, dan Halal Product Knowledge terhadap Purchase Intention Produk Skincare Korea

2026-09-05T21:53:49+00:00

The beauty industry in Indonesia is experiencing growth characterized by rising consumer interest in skincare products, particularly Korean skincare products. This high level of consumer interest in Korean skincare products is fuelled by the K-wave phenomenon, which influences consumer preferences in shaping purchase intentions. This study aims to analyze the influence of country of origin, brand image, celebrity endorsement and halal product knowledge on purchase intention for Korean skincare products, as well as to identify the most dominant variables influencing purchase intention. The study employs a quantitative approach using deductive reasoning. Data were collected via a questionnaire, and the research sample was determined using purposive sampling, comprising 165 respondents. This study utilized multiple linear regression analysis. The results indicate that country of origin, brand image, celebrity endorsement and knowledge of halal products have a positive influence on purchase intention. A positive brand image is formed through a favorable reputation and aligns with consumer perceptions, thereby fostering an interest in purchasing Innisfree products. The research has managerial implications, companies are advised to strengthen their product image through logos and slogans, and to provide information on the ingredients used and the halal status of their products, to gain consumers' understanding, particularly Muslim consumers, thereby encouraging purchase intention.

Pengaruh Struktur Kepemilikan Pengendalian (Controlling Ownership) dan Karakteristik Dewan terhadap Penghindaran Pajak

2026-09-06T13:33:08+00:00

Tax avoidance remains an important corporate governance issue because tax-saving decisions may reflect managerial interests and the effectiveness of corporate monitoring. This study examines the effect of institutional controlling ownership structure and board characteristics on tax avoidance in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange during 2021–2025. A quantitative associative approach was employed using secondary data from annual financial statements. Purposive sampling resulted in 32 companies, representing 160 firm-year observations. Panel data regression was conducted using EViews 12, with the Fixed Effect Model selected based on the Chow and Hausman tests. The findings show that institutional controlling ownership structure and board characteristics simultaneously affect tax avoidance (Prob. F-statistic = 0.004886). Partially, institutional controlling ownership has a positive and significant effect on tax avoidance (coefficient = 0.395642; p = 0.0076), whereas board characteristics have no significant effect (coefficient = −0.039254; p = 0.8660). The adjusted R-squared of 0.167419 indicates that the model explains 16.74% of the variation in tax avoidance. The results highlight the stronger role of institutional ownership in corporate tax policy compared with board characteristics during the study period.

Dampak Kualitas Layanan terhadap Loyalitas Pelanggan di Mediasi Citra Perusahaan dan Kepuasan Pelanggan

2026-09-06T13:32:11+00:00

The digitalisation of certification services has increased the need for certification bodies to provide reliable, responsive, transparent, and accessible services while maintaining customer loyalty. In the context of the Timber Legality and Sustainability Verification System (SVLK), customer loyalty is important because certification services involve continuing relationships between certification bodies and certified companies. This study aims to examine the effect of service quality on customer loyalty and to analyse the mediating roles of corporate image and customer satisfaction. A quantitative explanatory design was employed involving companies holding SVLK certificates in Special Region of Yogyakarta, Central Java, and East Java. Data were collected through a five-point Likert-scale questionnaire from 348 respondents selected using purposive sampling and analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that service quality has a positive and significant effect on corporate image, customer satisfaction, and customer loyalty. Customer satisfaction significantly mediates the relationship between service quality and customer loyalty, whereas corporate image does not. The findings suggest that customer loyalty in SVLK certification services is shaped more strongly by customers’ direct service experiences and satisfaction than by corporate image alone. Certification bodies should therefore strengthen service responsiveness, reliability, transparency, and accessibility across both digital and face-to-face service channels.

Pengaruh Kompetensi Pedagogik dan Motivasi Guru terhadap Kinerja Guru di SMK Negeri 4 Palembang

2026-09-22T11:10:10+00:00

Teacher performance is an important factor in supporting the effectiveness of the learning process. However, differences in teachers’ pedagogical competence and work motivation may affect their ability to perform professional duties effectively. This study aims to examine the effect of pedagogical competence and teacher motivation on teacher performance at SMK Negeri 4 Palembang, both partially and simultaneously. The study employed a quantitative approach using a survey method. Data were collected through questionnaires and analyzed using multiple linear regression, supported by validity, reliability, classical assumption, t-test, F-test, and coefficient of determination analyses. The findings indicate that pedagogical competence has a positive and significant effect on teacher performance, with a regression coefficient of 0.580 and a significance value of 0.000. Teacher motivation also has a positive and significant effect, with a regression coefficient of 0.192 and a significance value of 0.022. Simultaneously, pedagogical competence and teacher motivation significantly affect teacher performance, as indicated by an F-value of 38.602 and a significance value of 0.000. The model has an Adjusted R Square of 0.432, indicating that 43.2% of the variation in teacher performance is explained by the two independent variables.