Economy, Business, Finance, Accounting & Management Journal
Economy, Business, Finance, Accounting & Management Journal is a peer-reviewed academic journal dedicated to publishing high-quality research in the fields of economics, business, finance, accounting, and management. Our mission is to serve as a platform for academics, practitioners, and researchers to disseminate innovative, relevant, and impactful studies that contribute to the advancement of knowledge and professional practices. Economy, Business, Finance, Accounting & Management Journal Collaboration with Trijaya Krama Polytechnic, Universitas Bina Sarana Informatika, Universitas Bumigora and others. to maintain publication quality. Vision To become a leading journal in the fields of economics, business, finance, accounting, and management, contributing to the development of knowledge and professional practices at both national and international levels. Mission Publish high-quality research with academic and practical value. Foster the exchange of ideas and academic discussions among scholars and practitioners. Provide an open-access platform for researchers from diverse backgrounds to share knowledge. Uphold academic ethics and integrity in every publication. Support the development of economics and business through research and innovation. Economy, Business, Finance, Accounting & Management Journal welcomes research articles, case studies, literature reviews, and conceptual papers covering various strategic issues in economics, business, finance, accounting, and management. All submitted articles undergo a rigorous peer-review process to ensure their quality and relevance. We invite academics, professionals, and researchers to contribute to Economy, Business, Finance, Accounting & Management Journal and collaborate in expanding knowledge in the fields of economics and business. Email: [editor.ebfam@gmail.com] Website: [link]
The Role of the Circular Economy in Enhancing the Competitiveness of MSMEs
The increasing demand for sustainable business practices has encouraged Micro, Small, and Medium Enterprises (MSMEs) to adopt circular economy principles as a strategy to improve long-term competitiveness. This study aims to analyze the role of the circular economy in enhancing the competitiveness of MSMEs through resource efficiency, waste reduction, innovation, and sustainable value creation. A quantitative research approach was employed using a survey of MSME owners and managers, with data analyzed through Structural Equation Modeling (SEM). The findings indicate that circular economy practices significantly improve operational efficiency, stimulate product and process innovation, strengthen market competitiveness, and enhance business sustainability. The study concludes that integrating circular economy principles into MSME operations represents an effective strategic approach for achieving competitive advantage while supporting sustainable economic development
Copyright (c) 2026 Syamsuri Widarman, Novita (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Digital Transformation on Corporate Financial Performance
Digital transformation has become a critical strategic initiative for organizations seeking to improve operational efficiency, innovation capabilities, and financial performance. This study aims to analyze the impact of digital transformation on corporate financial performance by examining how the adoption of digital technologies influences profitability, productivity, and competitive advantage. The research employs a quantitative approach using secondary data from companies that have implemented digital transformation initiatives, analyzed through statistical regression techniques. The findings indicate that digital transformation has a significant positive effect on corporate financial performance, particularly through enhanced operational efficiency, cost optimization, and improved decision-making processes. This study concludes that digital transformation serves as a strategic driver for sustainable corporate growth and long-term financial success
Copyright (c) 2026 Saidani, Siskawati (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the Relationship Between Financial Literacy, Financial Technology, and the Financial Well-Being of Generation Z
Financial literacy and financial technology have become two important factors influencing the financial well-being of Generation Z amid the rapid development of the digital economy. However, differences in financial knowledge and the intensity of financial technology utilization may produce varying impacts on individuals' financial well-being. This study aims to analyze the relationship between financial literacy, financial technology, and the financial well-being of Generation Z. The research employed a quantitative approach using a survey method involving Generation Z respondents selected through purposive sampling. Data were collected using a structured questionnaire and analyzed with Structural Equation Modeling–Partial Least Squares (SEM-PLS). The findings indicate that financial literacy has a positive and significant effect on financial well-being. Financial technology also demonstrates a positive and significant relationship with financial well-being by facilitating more effective financial management. Simultaneously, financial literacy and financial technology contribute significantly to improving the financial well-being of Generation Z. Therefore, strengthening financial literacy and promoting the responsible use of financial technology are essential strategies for enhancing the financial well-being of Generation Z
Copyright (c) 2026 Nadhila (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Influencer Marketing on Purchasing Decisions for Local Products
The rapid growth of digital platforms has transformed marketing strategies, particularly through influencer marketing, which has become an important approach for promoting local products. This study aims to analyze the impact of influencer marketing on consumers’ purchasing decisions for local products. The research employs a quantitative method using survey data collected from consumers who have interacted with influencer-based promotions. Data analysis is conducted through statistical testing to examine the relationship between influencer marketing factors and purchasing decisions. The results indicate that influencer credibility, attractiveness, and engagement significantly influence consumers’ decisions to purchase local products. This study concludes that influencer marketing plays a crucial role in increasing consumer trust and encouraging purchase intentions, providing valuable insights for local businesses in developing effective digital marketing strategies
Copyright (c) 2026 Martianto, Sutrisna (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the Effectiveness of Subsidy Policies on Household Purchasing Power
Subsidy policies are implemented by governments as an instrument to maintain economic stability and protect household welfare, particularly in facing rising prices and declining purchasing power. This study aims to analyze the effectiveness of subsidy policies in improving household purchasing power and evaluating their impact on economic welfare. The research employs a quantitative approach using household survey data analyzed through descriptive statistics and regression analysis. The results indicate that subsidy policies have a significant positive effect on household purchasing power by reducing expenditure burdens and supporting consumption capacity. However, the effectiveness of subsidies depends on accurate targeting and efficient distribution mechanisms. This study concludes that well-designed subsidy policies can strengthen household economic resilience and contribute to sustainable welfare improvement
Copyright (c) 2026 Jamaludin, Wicaksono (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the Impact of Artificial Intelligence on Labor Productivity in the Service Sector
The rapid adoption of Artificial Intelligence (AI) has significantly transformed the service sector by automating routine tasks, enhancing decision-making, and improving operational efficiency. This study aims to analyze the impact of Artificial Intelligence on labor productivity in the service sector. A quantitative research approach was employed using a survey distributed to 200 employees from various service industries. Data were analyzed using Structural Equation Modeling Partial Least Squares (SEM-PLS) to examine the relationship between AI implementation and workforce productivity. The findings reveal that AI adoption has a positive and significant effect on labor productivity by increasing work efficiency, reducing operational errors, and supporting faster decision-making. The study concludes that effective AI integration can enhance organizational productivity while requiring continuous workforce adaptation through digital skills development and technological readiness
Copyright (c) 2026 Yuliani, Rahman (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of ESG (Environmental, Social, and Governance) on Corporate Value
The increasing emphasis on sustainable business practices has positioned Environmental, Social, and Governance (ESG) performance as a critical factor influencing corporate value. However, empirical findings on the relationship between ESG and firm value remain inconsistent across industries and regions. This study aims to examine the impact of ESG performance on corporate value. A quantitative research approach was employed using secondary data collected from publicly listed companies. The data were analyzed using multiple regression analysis to evaluate the relationship between ESG indicators and corporate value, measured through market-based financial indicators. The findings reveal that ESG performance has a positive and significant effect on corporate value, indicating that firms with stronger ESG practices tend to achieve higher market valuation and investor confidence. The study concludes that effective ESG implementation enhances long-term corporate value by strengthening corporate reputation, stakeholder trust, and sustainable business performance
Copyright (c) 2026 Wahyuningsih, Avrianto (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of Factors Influencing Consumer Decisions to Use Digital Wallets
The rapid growth of digital payment technology has significantly transformed consumer transaction behavior, making digital wallets an essential component of modern financial services. This study aims to analyze the factors influencing consumer decisions to use digital wallets by examining the effects of perceived usefulness, perceived ease of use, security, trust, and promotional incentives. A quantitative research approach was employed using survey data collected from 250 digital wallet users. The data were analyzed through Structural Equation Modeling (SEM) to evaluate the relationships among the proposed variables. The findings reveal that perceived usefulness, trust, and security have the strongest positive influence on consumer decisions, while ease of use and promotional incentives also contribute significantly. The study concludes that improving functional value, user confidence, and transaction security is essential for increasing digital wallet adoption and sustaining consumer usage
Copyright (c) 2026 Rahmawati, Prabawati (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of ‘Buy Now, Pay Later’ (BNPL) on the Consumption Behaviour of the Younger Generation
The rapid growth of Buy Now, Pay Later (BNPL) services has significantly transformed the consumption patterns of the younger generation by providing easy access to short-term credit and flexible payment options. This study aims to examine the impact of BNPL usage on the consumption behaviour of young consumers. A quantitative research approach was employed using a survey distributed to 250 respondents aged 18–30 years. The collected data were analysed using Structural Equation Modeling (SEM) to evaluate the relationship between BNPL usage and consumption behaviour. The findings indicate that BNPL has a significant positive effect on impulsive purchasing, purchasing frequency, and consumer spending among young users. The study concludes that while BNPL enhances purchasing convenience, it also encourages higher consumption tendencies and may increase financial vulnerability if not managed responsibly
Copyright (c) 2026 Alkahfi, Setiawan (Author) https://creativecommons.org/licenses/by-nc/4.0
Determinants of the Adoption of QRIS as a Digital Payment System amongst MSMEs
The rapid development of digital payment technologies has encouraged Micro, Small, and Medium Enterprises (MSMEs) to adopt the Quick Response Code Indonesian Standard (QRIS) as a more efficient transaction system. However, the level of QRIS adoption among MSMEs remains uneven due to various technological, organizational, and environmental factors. This study aims to examine the determinants influencing the adoption of QRIS among MSMEs. A quantitative research approach was employed using a structured questionnaire distributed to MSME owners, and the collected data were analyzed using Structural Equation Modeling (SEM). The findings reveal that perceived usefulness, perceived ease of use, facilitating conditions, trust, and government support significantly influence QRIS adoption, with perceived usefulness emerging as the strongest predictor. The study concludes that strengthening digital literacy, improving technological infrastructure, and enhancing institutional support are essential to accelerate QRIS adoption and promote sustainable digital transformation among MSMEs
Copyright (c) 2026 Agustin, Hasan (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of Factors Affecting Regional Economic Growth from a Development Economics Perspective
Regional economic growth is one of the key indicators of development success and is influenced by various economic, social, and institutional factors. Differences in growth rates across regions highlight the need to analyze the factors that determine regional economic performance. This study aims to analyze the effects of investment, human capital quality, government spending, and infrastructure on regional economic growth from a development economics perspective. The study employs a quantitative approach using multiple linear regression analysis based on secondary data obtained from the Central Bureau of Statistics and relevant agencies. The results indicate that investment, human capital quality, and infrastructure have a positive and significant impact on regional economic growth, while government spending exerts a positive but relatively weaker influence. This study concludes that synergistic development policies focused on increasing investment, improving human resource quality, and developing infrastructure are key strategies for promoting sustainable regional economic growth
Copyright (c) 2026 Nurintan Asyiah (Author) https://creativecommons.org/licenses/by-nc/4.0
Application of Environmental, Social, and Governance (ESG) Principles as Dynamic Capabilities: A Case Study of PT Mustika Ratu Tbk
This study aims to analyze the implementation of Environmental, Social, and Governance (ESG) principles at PT Mustika Ratu Tbk (MRAT) as a dynamic capability that builds a resilient, responsible, and sustainable financial system. Using a qualitative approach with a single case study design, secondary data were collected through library research on 19 international journal articles (2025–2026) and documentation study of annual reports, sustainability reports, press releases, and national media coverage for the 2023–2026 period. Deductive thematic content analysis was conducted by classifying empirical evidence into the ESG principle framework: dynamic materiality, stakeholder orientation, long-term value creation, transparency and accountability; along with E, S, G dimensions; implementation instruments; key actors; and impacts. The results show that MRAT consistently actualizes the four main ESG principles through programs such as mangrove planting, Women Empowerment Conference, Jamunomic Ecosystem, and ISO 9001 and ISO 14001 certifications. The governance dimension (G) proves to be the foundation enabling the effectiveness of environmental (E) and social (S) dimensions. Policy, market, internal governance, and digital instruments are integrated synergistically, with digital transformation acting as a mediator of performance improvement. The five key actors (management, investors, regulators, employees/partners, consumers/public) work harmoniously to create a virtuous circle of ESG reinforcement. The impacts include economic resilience, reduction of environmental and social risks, inclusive growth, and tangible contribution to intergenerational welfare. This study contributes to ESG literature in the context of local wisdom-based family firms in developing countries and provides a best practice model for similar companies
Copyright (c) 2026 Rahma Muti’ah, Mulkan Ritonga, Nurintan Asyiah Siregar3 (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Good Corporate Governance on the Financial Performance of Companies Listed on the Indonesia Stock Exchange
Good Corporate Governance (GCG) is one of the key factors that can enhance the effectiveness of corporate management and drive optimal financial performance. The implementation of good corporate governance is becoming increasingly important for companies listed on the Indonesia Stock Exchange (IDX) as it can improve transparency, accountability, and investor confidence. However, previous research findings on the impact of GCG on financial performance remain inconsistent. Therefore, this study aims to analyze and test the impact of Good Corporate Governance on the financial performance of companies listed on the Indonesia Stock Exchange. This study employs a quantitative approach using secondary data obtained from companies’ annual reports and financial statements for the 2020–2023 period. The research sample was determined using *purposive sampling*. The Good Corporate Governance variable is proxied through independent commissioners, the board of commissioners, institutional ownership, and the audit committee, while financial performance is measured using *Return on Assets* (ROA). Data analysis was conducted using multiple linear regression. The results indicate that Good Corporate Governance has a positive and significant impact on a company’s financial performance. These findings indicate that the implementation of good corporate governance can enhance the effectiveness of oversight, reduce agency conflicts, and support improvements in corporate profitability. Thus, Good Corporate Governance is a critical factor in driving sustainable improvements in corporate financial performance
Copyright (c) 2026 Purnamasari, Kharisma (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Employee Competence and the Use of Information Technology on Financial Accountability
Financial accountability is a key aspect of achieving transparent and responsible organizational governance. However, various challenges in financial management persist, stemming from low staff competence and the suboptimal use of information technology. This study aims to analyze the impact of staff competence and the use of information technology on financial accountability. The research method used is a quantitative method with a survey approach. Data were collected through the distribution of questionnaires to officials involved in financial management within public sector organizations. Data analysis employed multiple linear regression to test the influence of each independent variable on the dependent variable. The results indicate that staff competence has a positive and significant effect on financial accountability. Furthermore, the utilization of information technology was also found to have a positive and significant impact on improving the quality of financial accountability. Simultaneously, both variables contribute significantly to enhancing an organization’s financial accountability. Thus, improving staff competence supported by the optimal utilization of information technology can serve as an effective strategy to strengthen financial accountability and foster more transparent, effective, and accountable financial governance
Copyright (c) 2026 Mhicael Susanto (Author) https://creativecommons.org/licenses/by-nc/4.0
The Role of Organizational Governance in Enhancing Accountability and Performance in Government Agencies
Good organizational governance is a key factor in improving the accountability and performance of government agencies. The application of governance principles including transparency, accountability, responsibility, independence, and fairness is expected to strengthen the effectiveness of government administration and enhance public trust in the services provided. This study aims to analyze the role of organizational governance in improving the accountability and performance of government agencies. The research method used is a quantitative approach with data collection techniques involving the distribution of questionnaires to government officials in several government agencies. The data were analyzed using linear regression analysis to test the influence of organizational governance on the accountability and performance of government agencies. The results indicate that organizational governance has a positive and significant effect on the accountability of government agencies. Furthermore, organizational governance has also been shown to improve agency performance through more effective resource management, transparent decision-making, and the strengthening of internal control systems. Thus, the implementation of good organizational governance serves as a strategic instrument in achieving accountability and the sustainable improvement of government agency performance
Copyright (c) 2026 Ananda Saputri, Yuliana, Lestari (Author) https://creativecommons.org/licenses/by-nc/4.0
Talent Management Strategies for Navigating Organizational Digital Transformation
Digital transformation has become a strategic necessity for organizations as they navigate technological advancements, shifting business models, and intensifying global competition. In this context, talent management plays a critical role in ensuring the availability of human resources with digital competencies, adaptability, and the readiness to navigate organizational change. This study aims to analyze effective talent management strategies that support the success of an organization’s digital transformation. The research method employed is a quantitative approach using a survey technique targeting employees and managers across various organizations currently implementing digital transformation. Data was collected via questionnaires and analyzed using descriptive statistics and linear regression. The results indicate that talent management strategies encompassing talent identification, digital competency development, succession planning, and employee retention have a positive and significant impact on the success of an organization’s digital transformation. Additionally, technology-based training programs and a culture of continuous learning have been shown to enhance employees’ readiness to adopt digital changes. In conclusion, the implementation of integrated talent management strategies focused on developing digital competencies is a key factor in enhancing competitiveness and supporting the sustainable success of an organization’s digital transformation.
Copyright (c) 2025 Agustin, Firdaus, Nurcahyati (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Internal Control Systems on Fraud Prevention in Public Sector Organizations
Fraud is a common problem in public sector organizations and can result in financial losses to the state, a decline in the quality of public services, and a loss of public trust in government institutions. One measure that can be taken to minimize the risk of fraud is the implementation of an effective internal control system. This study aims to analyze the impact of internal control systems on fraud prevention in public sector organizations. The research method used is a quantitative approach with data collection techniques through the distribution of questionnaires to employees in public sector organizations. The data obtained were analyzed using linear regression analysis to test the relationship between the internal control system and fraud prevention variables. The results show that the internal control system has a positive and significant effect on fraud prevention. The better the implementation of the control environment, risk assessment, control activities, information and communication, and monitoring activities, the higher the level of fraud prevention within the organization. The conclusion of this study affirms that strengthening internal control systems is a critical factor in fostering transparent, accountable, and fraud-free governance in public sector organizations
Copyright (c) 2025 Davila (Author) https://creativecommons.org/licenses/by-nc/4.0
The Role of Work Motivation and Job Satisfaction in Improving Employee Productivity
This study aims to analyze the role of work motivation and job satisfaction in improving employee productivity within an organization. Work motivation is an internal factor that drives individuals to perform optimally in achieving organizational goals, while job satisfaction reflects employees’ level of comfort and positive feelings toward their work. The research method employed is a quantitative approach, with data collected through the distribution of questionnaires to employees. The data obtained were analyzed using statistical techniques to test the influence of work motivation and job satisfaction on employee productivity. The results indicate that work motivation and job satisfaction have a positive and significant influence on employee productivity, both partially and simultaneously. Employees with high motivation and good job satisfaction tend to demonstrate more effective and efficient performance and are able to achieve work targets optimally. These findings indicate that organizations need to pay attention to aspects of work motivation and job satisfaction through policies that support career development, the provision of rewards, and the creation of a conducive work environment to sustainably improve employee productivity
Copyright (c) 2025 Permatasari, Firmansyah, Wijayanti (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the Effects of the Work Environment and Workload on Employee Performance
Employee productivity is one of the key factors determining an organization’s success in achieving its business objectives. However, productivity levels are often influenced by various internal factors, particularly work motivation and job satisfaction. Highly motivated employees tend to demonstrate greater enthusiasm, commitment, and better performance, while job satisfaction can enhance loyalty and the quality of work output. This study aims to analyze the role of work motivation and job satisfaction in improving employee productivity. The research method used is a quantitative approach with data collection techniques through the distribution of questionnaires to employees within an organization. The data obtained were analyzed using multiple linear regression to test the influence of each variable on work productivity. The results indicate that work motivation and job satisfaction have a positive and significant effect on employee productivity, both partially and simultaneously. Work motivation was found to drive improvements in individual performance, while job satisfaction fosters a work environment that supports the achievement of organizational goals. Thus, it can be concluded that enhancing work motivation and job satisfaction is an effective strategy for boosting employee productivity and supporting the organization’s sustained success
Copyright (c) 2025 Rahmawati, Asmawiyah, Hidayat (Author) https://creativecommons.org/licenses/by-nc/4.0
The Impact of Transformational Leadership on Employee Performance in Government Agencies
This study aims to analyze the influence of transformational leadership on employee performance in government agencies. Transformational leadership is a leadership style that emphasizes a leader’s ability to provide inspiration, motivation, ideal influence, and individual attention to subordinates in order to enhance organizational effectiveness. The study employs a quantitative approach using a survey method. Data were collected through the distribution of questionnaires to government agency employees who served as research respondents. Data analysis was conducted using inferential statistical techniques to test the relationship and influence between transformational leadership variables and employee performance. The results of the study indicate that transformational leadership has a positive and significant effect on employee performance. The higher the application of transformational leadership by leaders, the higher the level of employee performance, as evidenced by improvements in work quality, work quantity, timeliness, responsibility, and teamwork. These findings indicate that the application of transformational leadership can be an effective strategy for improving productivity and the quality of public services. Therefore, government agencies need to encourage the development of transformational leadership competencies at every managerial level to support the optimal achievement of organizational goal
Copyright (c) 2025 Safitri, Indah, Hartati (Author) https://creativecommons.org/licenses/by-nc/4.0
Effect of profit quality on stock prices in manufacturing companies
This study examines the effect of earnings quality on stock prices in manufacturing companies, with the aim of providing empirical evidence on how reliable and informative financial reporting influences market valuation. Earnings quality, defined as the extent to which reported earnings reflect a company’s true economic performance, is a critical factor in investment decision-making. Low-quality earnings, often influenced by aggressive accounting practices, can distort investors’ perceptions and lead to mispricing in capital markets. Using a sample of manufacturing companies listed on the Indonesia Stock Exchange over the 2018–2023 period, this research employs a quantitative approach with panel data regression analysis. Earnings quality is measured through accrual-based and real earnings management indicators, while stock prices are captured through year-end closing prices. Control variables include firm size, leverage, and growth opportunities. The results indicate that higher earnings quality has a significant positive effect on stock prices, suggesting that investors value transparent and sustainable earnings information. Conversely, firms with low earnings quality tend to experience weaker market valuations, reflecting reduced investor confidence. These findings highlight the importance of enhancing the credibility of financial reporting through robust accounting standards and effective corporate governance. The study contributes to the literature on capital market efficiency and offers practical implications for policymakers, investors, and corporate managers
Copyright (c) 2025 Zizi Maharizy, Tya Yuliantika Yuliantika (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the influence of motivation and work environment on employee productivity
This study analyzes the influence of motivation and work environment on employee productivity, aiming to provide empirical evidence on how these two factors contribute to optimal organizational performance. Employee productivity is a critical determinant of business competitiveness, particularly in dynamic and competitive markets. Motivation, both intrinsic and extrinsic, drives employees to perform tasks effectively, while a conducive work environment encompassing physical conditions, organizational culture, and interpersonal relationships supports consistent performance. The research employs a quantitative approach using a survey method. Data were collected from 150 employees across various departments in a medium-sized manufacturing company through structured questionnaires. Motivation was measured using indicators of intrinsic satisfaction and extrinsic rewards, while the work environment was assessed through physical comfort, workplace safety, and social interaction quality. Employee productivity was measured based on self-reported output, efficiency, and goal attainment. Multiple regression analysis was applied to test the hypotheses. The results reveal that both motivation and work environment have significant positive effects on employee productivity. Motivation demonstrates a slightly stronger influence, indicating that psychological and reward-based drivers play a key role in enhancing performance. However, the work environment also contributes meaningfully, emphasizing the importance of providing safe, comfortable, and socially supportive conditions. These findings suggest that organizations should integrate motivational strategies with workplace improvements to achieve sustainable productivity growth
Copyright (c) 2025 Rentina Ambarita, Ruth Saulina Hasugian Hasugian (Author) https://creativecommons.org/licenses/by-nc/4.0
Income distribution inequality and its implications for regional economic growth
Income distribution inequality remains a critical challenge in achieving sustainable and inclusive economic growth. This study examines the relationship between income inequality and regional economic growth, with a focus on identifying the mechanisms through which unequal distribution of income influences long-term development trajectories. Using panel data from multiple regions over a ten-year period, the research employs the Gini coefficient as a measure of inequality and real GDP growth rates as an indicator of economic performance. Econometric analysis is conducted using fixed-effects and generalized method of moments (GMM) estimations to address potential endogeneity issues. The findings reveal a non-linear relationship, where moderate inequality may initially stimulate investment and growth by concentrating capital among high-saving households, but excessive inequality tends to hinder growth through reduced aggregate demand, limited human capital development, and social instability. The study also finds that regions with better access to education, healthcare, and infrastructure exhibit greater resilience to the negative effects of inequality. Policy implications suggest that promoting equitable access to economic opportunities particularly through targeted fiscal policies, progressive taxation, and investment in social infrastructure can mitigate inequality without discouraging productivity and innovation. This research contributes to the ongoing discourse on inclusive growth strategies and underscores the need for region-specific approaches in addressing income disparities to foster balanced and sustainable economic development
Copyright (c) 2025 Marshanda, Kinanti (Author) https://creativecommons.org/licenses/by-nc/4.0
Analysis of the effect of job satisfaction on millennial employee turnover intention
This study analyzes the effect of job satisfaction on turnover intention among millennial employees, a workforce segment increasingly dominating organizational structures. The millennial generation is often characterized by high career mobility, distinct workplace expectations, and strong value orientation toward meaningful work–factors that can influence their decision to remain in or leave an organization. Using a quantitative approach, primary data were collected through a structured questionnaire distributed to 215 millennial employees across various industries in urban areas. Job satisfaction was measured across key dimensions including work environment, compensation, career development, leadership style, and work–life balance, while turnover intention was assessed through indicators of withdrawal cognition, job search behavior, and intention to quit. The data were analyzed using multiple linear regression to determine the strength and significance of the relationship between job satisfaction and turnover intention. The findings reveal a statistically significant negative relationship between job satisfaction and turnover intention (p < 0.05), indicating that higher job satisfaction leads to a lower likelihood of turnover intention among millennial employees. Among the satisfaction dimensions, career development opportunities and leadership style emerged as the most influential factors. These results underscore the need for organizations to design employee engagement strategies tailored to the values and expectations of millennials. By enhancing job satisfaction, employers can reduce turnover risk, retain talent, and maintain organizational stability in an increasingly competitive labor market
Copyright (c) 2025 Fatimah Aulina, Santika Putri (Author) https://creativecommons.org/licenses/by-nc/4.0
Effect of financial accounting standards implementation on the quality of MSME financial statements
The implementation of Financial Accounting Standards (FAS) plays a critical role in improving the quality of financial statements, particularly for Micro, Small, and Medium Enterprises (MSMEs). This study aims to examine the effect of FAS implementation on the quality of MSME financial statements in terms of relevance, reliability, comparability, and understandability. Using a quantitative research design, data were collected through structured questionnaires distributed to 120 MSME owners and accountants across various sectors. The responses were analyzed using multiple linear regression to assess the relationship between the level of FAS implementation and the perceived quality of financial reporting. The results indicate that the proper adoption of FAS has a significant positive impact on all dimensions of financial statement quality. MSMEs that fully comply with FAS tend to produce more accurate, transparent, and consistent reports, enhancing stakeholder trust and decision-making effectiveness. However, the study also reveals that a lack of technical knowledge, limited resources, and inadequate training remain major barriers to optimal FAS implementation. These findings highlight the need for targeted capacity-building programs, simplified reporting guidelines, and government support to ensure broader compliance among MSMEs. The research contributes to the literature by providing empirical evidence of the crucial role FAS plays in improving financial reporting quality and offers practical implications for policymakers, regulators, and business owners aiming to strengthen MSME financial governance
Copyright (c) 2025 Ayunda Natalia (Author) https://creativecommons.org/licenses/by-nc/4.0
Adaptive Strategies in Building Business Resilience Amidst the Dynamics of Management Change
This study explores the implementation of adaptive strategies to build business resilience amid dynamic changes in management. Utilizing a qualitative approach with case study methods, the research examines how organizations respond to internal and external pressures through flexible decision-making, continuous learning, and proactive leadership. The findings reveal that adaptive strategies significantly enhance organizational resilience by enabling businesses to navigate uncertainty, innovate, and maintain competitive advantage. However, challenges such as resource constraints and resistance to change can impede the effectiveness of adaptation efforts. This study contributes both theoretically and practically by providing insights into the integration of adaptive strategies in managing change and sustaining business continuity in volatile environments
Copyright (c) 2025 Mariana Christin, Roma Sondang (Author) https://creativecommons.org/licenses/by-nc/4.0
Evaluasi Hubungan antara Penerapan Environmental, Social & Governance (ESG) dan Efisiensi Perusahaan: Studi pada Indeks Sri-Kehati
This study aims to investigate the effect of Environmental, Social, and Governance (ESG) scores on firm performance. Corporate performance is measured through the ratio of total asset turnover. The data used is historical annual data for 5 years from companies listed in the Sri-Kehati index. The method used in this research is regression analysis with a quantitative approach, where secondary data for the 2019-2023 period is obtained from various databases such as Refinitiv Eikon, RTI Business, Sustainalytics, and MSCI ESG Ratings. The results show that there is a negative relationship between ESG scores and total asset turnover, indicating that an increase in ESG scores correlates with a decrease in efficiency in the utilization of company assets
Copyright (c) 2025 Desti Nasution, Salma Ivana (Author) https://creativecommons.org/licenses/by-nc/4.0
Evaluation of Complaint Handling by Guest Relation Officer at Zeus Restaurant, Apsara Beach Front Resort and Villa
This research examines the role of Guest Relations Officers (GROs) in handling guest complaints at Zeus Restaurant, Apsara Beach Front Resort and Villa, Thailand, focusing on the effectiveness of various complaint management strategies and their impact on guest satisfaction. Using a qualitative research approach, the study involved semi-structured interviews with 10 GROs to explore the most common types of complaints, the resolution strategies implemented, and the outcomes of these strategies. Findings show that the main grievances relate to service delays, food quality, and staff behavior. GROs effectively addressed complaints through immediate acknowledgement, empathic communication, and prompt problem-solving. The research highlights the importance of follow-up, such as rechecking guest conditions and providing compensation, in improving guest satisfaction and loyalty. . The study emphasizes the importance of GRO training in emotional intelligence and problem-solving skills, and suggests the use of advanced technology and a structured complaint management system to maintain high service standards. This study contributes to the understanding of effective complaint handling practices in luxury hospitality environments and provides insights for the improvement of guest relations and operational excellence
Copyright (c) 2025 Natalia Aulia (Author) https://creativecommons.org/licenses/by-nc/4.0
Structural Change and Decent Work Assessing Employment Outcomes in Developing Countries through a Dynamic Panel Approach
Copyright (c) 2025 Naetty Tania (Author) https://creativecommons.org/licenses/by-nc/4.0
Structural Transformation and Employment Quality in Developing Countries Between Economic Growth and Social Inequality
Structural transformation is an important process in the economic development of developing countries, characterized by the shift of labor from the traditional sector to the modern sector. This article analyzes how structural transformation affects the quality of employment, focusing on indicators of work formality, wages, social security, and productivity. Based on panel data from several developing countries between 2000 and 2022, it is found that despite a large shift of labor to the industrial and service sectors, improvements in employment quality do not always follow. Institutional factors, education, and labor policies are key in ensuring that structural transformation yields inclusive benefits
Copyright (c) 2025 Ruth Syarma (Author) https://creativecommons.org/licenses/by-nc/4.0