ARBITRASE: Journal of Economics and Accounting

Peran Dana Desa dalam Meningkatkan Kesejahteraan dan Mengurangi Kemiskinan

Limega Candrasa — 2025-11-30

This study aims to analyze the role of Village Funds (Dana Desa) in improving community welfare and reducing poverty in Padang Lawas Utara Regency. The research focuses on the effectiveness of Village Fund utilization, the supporting and inhibiting factors influencing its outcomes, and strategies to optimize its management for greater impact on improving the community’s standard of living. This research employs a qualitative approach with a case study design. Data were collected through in-depth interviews, observation, and document review in several villages receiving Village Funds. Data analysis was conducted through the stages of data reduction, data display, and conclusion drawing. The findings reveal that Village Funds have positively contributed to community welfare through basic infrastructure development, local economic empowerment, and improved access to social services. However, their impact on reducing poverty rates remains suboptimal. Supporting factors include regulatory support, strong commitment from local governments, and community participation. Meanwhile, the inhibiting factors comprise limited capacity of village officials, planning processes that are not yet based on actual community needs, and weak transparency and accountability in fund management. The recommended strategies include strengthening the capacity of village officials, promoting participatory governance, and implementing continuous monitoring and evaluation mechanisms. The study concludes that Village Funds play a strategic role in promoting welfare and poverty alleviation, yet their effectiveness needs to be reinforced through more accountable and empowerment-oriented planning and implementation.

Pengaruh Ukuran Perusahaan dan Leverage terhadap Financial Distress dengan Pendekatan Altman Z-Score

Nora Niza Dwi Ramadhani — 2025-11-15

This study aims to assess the influence of company size and debt-to-asset ratio on financial distress in healthcare companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Financial distress is measured using the Altman Z-score method, while the independent variables consist of company size and the proportion of debt to total assets (DAR). This study adopts a quantitative method based on secondary data and applies a purposive sampling method, with 25 companies targeted as research subjects. Data analysis was performed through multiple linear regression using SPSS version 25 software. The results show that company size and leverage have a significant positive effect on financial distress. Company size has a significance value of 0.006 with a coefficient of 0.246, while leverage (DAR) shows a significance of 0.000 and a coefficient of 0.384. The coefficient of determination (R²) of 0.414 indicates that both independent variables are able to explain 41.4% of the variation in financial distress. Conclusion: Explains that company size and debt-to-asset ratio have a positive and significant impact on financial distress. This condition indicates that larger companies with higher leverage, as measured by the debt-to-asset ratio, tend to have higher Z-scores and indicate financial stability. This finding aligns with signaling theory, which assumes that a company's financial information serves as a positive signal to external parties.

Locus of Control dan Financial Technology dalam Memoderasi Pengaruh Literasi Keuangan Terhadap Keputusan Investasi

Muhammad Rafi Faisal — 2025-11-15

This study aims to examine the effect of financial literacy on investment decisions and explore the moderating role of locus of control and financial technology among accounting students at UPN Veteran East Java. A quantitative approach was used with a survey method involving 93 respondents, and data analysis was conducted using Partial Least Square Structural Equation Modeling (PLS-SEM) with the assistance of SmartPLS 4. The results of the study indicate that financial literacy has a significant effect on investment decisions, with a T-statistic value of 3.073 and a P-value of 0.002. However, neither locus of control (T-statistic = 0.584; P-value = 0.559) nor financial technology (T-statistic = 0.702; P-value = 0.483) was found to moderate the relationship between financial literacy and investment decisions. The R-square value of 0.728 indicates that 72.8% of the investment decision variables can be explained by this model. These findings emphasize the importance of financial literacy in supporting rational investment decision-making, as well as the need to optimize the role of psychological factors and financial technology in the process.

Analisis Financial Sustainability dengan Size Sebagai Moderasi Pada Sektor Keuangan yang Terdaftar di BEI

Jennifer Jennifer — 2025-11-15

Banking financial sustainability is a vital indicator in maintaining the stability of the national financial system, especially amid global economic dynamics. This study investigates the effect of BOPO, NIM, and LDR on the Financial Sustainability Ratio (FSR) by taking into account bank size as a moderating variable. This study focuses on 33 banks listed on the Indonesia Stock Exchange (IDX) that consistently recorded profits during the 2020–2024 period, resulting in 165 annual observations. Secondary data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) assisted by SPSS 26. The results show that BOPO produces a significance value of 0.000<0.05, which has a significant negative effect on FSR, NIM with a significance value of 0.000<0.05, which has a significant positive effect, while LDR with a significant result of 0.195>0.05, which means that LDR has no effect. Size was proven to moderate the relationship between BOPO, NIM, and LDR with FSR, where the significance results of BOPO 0.011, NIM 0.014, and LDR 0.000 were smaller than 0.05, indicating that the operational scale can strengthen or weaken the influence of core financial variables on sustainability. These findings reinforce that cost efficiency, interest income optimization, and asset capacity are strategic synergies in maintaining long-term financial sustainability.

The Effectiveness of Link Village Financial System (Siskeudes) and Cash Management System (CMS)

Calvina Berlianti Rahmah — 2025-11-15

This qualitative case study research aims to analyze the effectiveness of using the Village Financial System (Siskeudes) application, namely Siskeudes Link, and Cash Management System (CMS), identify the constraints, and find solutions to these constraints using the DeLone and McLean Information System Success Model. The research data were collected through direct interviews with seven informants from five villages in Malang Regency who had provided system assistance, direct observation of system usage, and implementation documentation. This study finds that Siskeudes Link and CMS had been running quite effectively both in terms of system quality and information quality, although constraints remained. In addition, the quality of service was also adequate even though users felt that additional features were needed. The use of the system had also been maximized according to the needs of the village apparatus, while the net benefits had been felt by users, although the system did not affect village expenditures and decision-making. Of the 21 indicators analyzed, 19 were found to be effective. However, 10 indicators still encountered challenges, including double transactions and input process issues, which have been addressed with data import and feature enhancements.

Thin Capitalization, Komisaris Independen, dan Capital Intensity Terhadap Tax Avoidance: Peran Moderasi Kepemilikan Institusional

Inggrid Panesa — 2025-11-15

This study aims to comprehensively examine the impact of thin capitalization, independent commissioners, and capital intensity on tax avoidance practices, with institutional ownership as a moderating factor. The data were obtained from the annual financial statements of companies listed in the LQ45 index during the 2020–2024 period. The analysis was conducted using multiple linear regression and moderation regression analysis (MRA) with IBM SPSS version 26, to thoroughly test the relationships between variables. The research population consisted of 45 companies, with samples selected using purposive sampling according to predetermined inclusion criteria. The results indicate that thin capitalization, independent commissioners, and capital intensity does have an effect on tax avoidance but not significant. Meanwhile, institutional ownership has the potential to moderate the relationship between these three variables and tax avoidance. These findings provide both conceptual and practical implications for the development of literature on tax avoidance and can serve as a reference for company management and policymakers in formulating more effective tax management strategies.

Pengaruh Audit Tenure, Audit Fee, dan Ukuran KAP Terhadap Kualitas Audit

Andini Nurmalia Putri — 2025-11-15

This study aims to analyze the effect of audit tenure, audit fee, and KAP size on audit quality in financial sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. Using a quantitative approach with a sample of 280 secondary data observations, this study was analyzed using logistic regression analysis processed using SPSS 21 software. The results show that audit tenure has no effect on audit quality (significance value of 0.559 > 0.05). Conversely, audit fees have a negative effect with a significance value of 0.001 < 0.05, and KAP size has no effect on audit quality with a significance value of 0.830 > 0.05. These findings indicate that the higher the audit fee, the lower the audit quality produced due to agreements between auditors and clients that have the potential to reduce audit quality. Audit tenure and KAP size do not necessarily guarantee better audit quality.

Pengaruh Intensitas Modal, Leverage dan Komisaris Independen terhadap Agresivitas Pajak

Emelia Elisa Stefanny — 2025-11-15

This study aims to determine the effect of capital intensity, leverage, and independent commissioners on tax aggressiveness as measured by the Effective Tax Rate (ETR). The population of this study consists of 132 companies in the consumer non-cyclical sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. A total of 45 companies were obtained as samples using the purposive sampling method. The secondary data used in this study are annual financial statements obtained from the official IDX website at www.idx.co.id/id. The data analysis techniques employed include descriptive statistical tests, panel data regression analysis consisting of the Chow test, Hausman test, and Lagrange Multiplier test, as well as the coefficient of determination (R²) test, F-test, and t-test, using EViews 12 software. The model feasibility test results indicate that the Random Effect Model (REM) is appropriate for this study. The results of the panel data regression analysis, along with the coefficient of determination, F-test, and t-test, show that the probability value of the capital intensity variable is 0.6920 > 0.05 and that of independent commissioners is 0.0010 < 0.05, indicating no significant effect on tax aggressiveness, while the leverage variable with a probability value of 0.8792 > 0.05 has a significant effect on tax aggressiveness.

Dampak Penggunaan E Wallet terhadap Perilaku Belanja Mahasiswa dalam Perspektif Kemudahan dan Pengeluaran Impulsif

Ananda Fristia — 2025-11-15

The rapid growth of digital financial technology in Indonesia, particularly digital wallet (e-wallet) services, has transformed the way people conduct transactions, especially among university students. Easy access, fast payment processes, and attractive promotional offers have made e-wallets a common payment method in daily activities. However, behind this convenience lies the potential for increased impulsive buying behavior, characterized by unplanned purchases. This study aims to analyze the effect of e-wallet usage on students’ impulsive buying behavior by examining perceived ease of use and impulsive spending as parallel mediating variables. A quantitative approach was employed involving 270 student respondents selected through purposive sampling. Data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS. The results indicate that e-wallet usage positively affects ease of use, impulsive spending, and impulsive buying behavior. Impulsive spending acts as a significant mediator, while ease of use does not serve as a mediating variable. These findings reinforce the Technology Acceptance Model (TAM) in the context of digital consumer behavior and highlight the importance of financial literacy and spending control features to help students use e-wallets more wisely and minimize excessive consumer behavior

Modeling the Effect of Financial Literacy and Inclusion on MSME Sustainability Through Financial Management

Rahmat Hidayat — 2025-11-15

This study investigates the influence of financial literacy and financial inclusion on the sustainability of micro, small, and medium enterprises (MSMEs) in Mamuju Regency, with financial management as a mediating variable. Data were collected from 112 MSME respondents and analyzed using Partial Least Squares (SmartPLS). The results reveal that financial literacy (? = 0.452, p < 0.001) and financial inclusion (? = 0.417, p < 0.001) both have significant positive effects on sustainability. Moreover, financial management emerged as the most influential factor (? = 0.779, p < 0.001) and significantly mediates the effects of both financial literacy (indirect ? = 0.353, p < 0.001) and financial inclusion (indirect ? = 0.325, p < 0.001) on sustainability. These findings highlight that while knowledge and access are crucial, effective financial management is the key mechanism through which MSMEs can achieve long-term sustainability. The study contributes to the literature by clarifying the mediating role of financial management and offers practical recommendations for strengthening MSME financial practices and policies.

Analisis Preferensi Konsumen: Dampak Persepsi Harga, Variasi Produk, dan Layanan Belanja pada Bisnis Ritel Pesantren

Ashari Munif — 2025-11-18

Most studies on retail consumer behavior focus on large-scale modern retail networks and have not examined the socio-religious context of pesantren-based retail. Moreover, the dominance of descriptive qualitative approaches limits empirical explanations of relationships among determinants of purchase preference. This study aims to analyze the effects of price perception, product completeness, and service quality on consumer purchase preferences at Hasbuna Swalayan Tegalrejo using a quantitative approach grounded in the Theory of Reasoned Action (TRA). The research employed a causal–associative design with purposive sampling of 100 active respondents. Data were collected using a Likert-scale questionnaire and analyzed through multiple linear regression with classical assumption tests using EViews 13. The results show that price perception (t = 5.01; ? = 0.464) and service quality (t = 6.67; ? = 0.420) have positive and significant effects on purchase preference, while product variation is not significant (t = 1.45). Simultaneously, the model explains 79.3% of the variance in purchase preference, indicating that consumer decisions are more influenced by economic value and service experience. Theoretically, this study extends the application of TRA within a religious economic context and offers strategic implications for managing pesantren-based retail.

Aktivitas Media Sosial dan Minat Menabung Generasi Z: Sebuah Studi Pendahuluan

Dora Darmawati — 2025-11-18

Social media has become an essential platform shaping young people’s financial behavior, including their saving habits. Generation Z, as digital natives, are the most active users of Instagram and TikTok, where they frequently encounter both entertainment and financial content. This preliminary study aims to explore the tendency of social media activity toward the saving interest of Generation Z in regional banking contexts. A quantitative descriptive approach was applied using an online survey of 63 respondents aged 17–27 years residing in South Sumatra and Bangka Belitung. The questionnaire captured demographic data, intensity of social media use, preferred platforms, exposure to banking content, and perceptions of influencer promotions. The findings show that most respondents were female (78.3%) and spent over three hours daily on social media, with Instagram (95%) and TikTok (80%) as dominant platforms. Furthermore, 95% had seen banking-related content, 61.7% had been exposed to influencer promotions, and 65% agreed that influencers enhance trust in banks. Most respondents saved mainly for daily transactions (88.3%) and future needs (56.7%). The study concludes that social media activity may shape brand trust and influence saving intentions, emphasizing the strategic value of digital content marketing and influencer collaboration for engaging young consumers.

Analisis Pemanfaatan Platform E-Commerce Sebagai Media Pemasaran dan Transaksi dalam Meningkatkan Daya Saing UMKM

Saria Sinaga — 2025-11-18

The digital economic transformation has brought significant changes to the way Micro, Small, and Medium Enterprises (MSMEs) operate. This study aims to analyze the influence of e-commerce platform utilization as a medium for marketing and transactions on enhancing the competitiveness of MSMEs in Medan City. The research employs a quantitative approach using multiple linear regression analysis. Data were collected through surveys of MSME actors in several districts, including Medan Petisah, Medan Kota, and Medan Johor. The results indicate that the use of e-commerce has a positive and significant effect on improving MSME competitiveness, particularly in terms of market expansion, cost efficiency, and product innovation. This study highlights the importance of strengthening digital capabilities and fostering collaboration among stakeholders to accelerate the digital transformation of the MSME sector in the era of the global digital economy.

Pengaruh Influencer Marketing dan TikTok Affiliate terhadap Keputusan Pembelian Dimediasi oleh Brand Trust

Kadek Ayu Yuliastya Dewi — 2025-11-19

This study aims to analyze the effect of influencer marketing and TikTok affiliate on purchase decisions with brand trust as a mediating variable among brand Aijo consumers in Denpasar. The research objects include TikTok users who are familiar with or interact with brand Aijo’s promotional content. This study employs a quantitative approach using purposive sampling on 170 respondents, and the data were analyzed using SEM-PLS. The research findings indicate several important results: (1) influencer marketing has a positive and significant effect on brand trust, (2) TikTok affiliate also has a positive and significant effect on brand trust, (3) brand trust has a positive and significant effect on purchase decisions, (4) influencer marketing has a direct positive and significant effect on purchase decisions, and (5) TikTok affiliate has a direct positive and significant effect on purchase decisions. Furthermore, brand trust significantly mediates the relationship between influencer marketing and purchase decisions, as well as between TikTok affiliate and purchase decisions. These findings support the source credibility theory and brand relationship theory, which explain that influencer credibility and consumer trust are crucial factors in enhancing the effectiveness of digital marketing strategies through social media platforms.

Sistem Informasi Akuntansi Teknologi Digital dan Data Bisnis Terhadap Kinerja UMKM

I Nyoman Sutapa — 2025-11-25

This study aims to examine the influence of accounting information systems, digital technology, and data-driven business practices on the performance of micro, small, and medium enterprises (MSMEs), as well as to test the moderating role of pro-environmental behavior. The research was conducted on MSMEs located in Denpasar, Bali, that have adopted digitalization in their operational activities. Data were collected through a questionnaire distributed to 100 MSME actors, with all responses deemed valid and reliable for analysis. The data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results show that accounting information systems, digital technology, and data-driven business practices have a positive and significant effect on MSME performance. Pro-environmental behavior also demonstrates a positive direct effect on performance. However, pro-environmental behavior does not significantly moderate the relationship between the three main independent variables and MSME performance. These findings indicate that improved MSME performance is more strongly driven by the quality of information systems, effective utilization of digital technology, and data-informed decision-making processes. Meanwhile, strengthening pro-environmental behavior as a supporting factor requires deeper cultural internalization and managerial commitment within the organization.

Green management dan Spiritual Capital terhadap Kinerja Keberlanjutan UMKM Perhotelan: Peran Perilaku Pro-Lingkungan

Ni Luh Putu Mita Miati — 2025-11-25

This study aims to analyze the influence of Green management and spiritual capital on the sustainability performance of MSMEs in the hospitality and tourism sector, as well as to examine the moderating role of Pro-environmental behavior. The research was conducted in Denpasar City, involving 100 respondents consisting of business owners, managers, and key staff. Data were collected through questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (SEM-PLS). The results indicate that both Green management and spiritual capital have a significant positive effect on the sustainability performance of MSMEs. Green management shows a strong influence with a coefficient of approximately 0.40, while spiritual capital contributes positively with a coefficient of around 0.43. Furthermore, Pro-environmental behavior is proven to moderate the relationship between Green management and sustainability performance, demonstrating a positive and significant moderating effect. However, Pro-environmental behavior does not moderate the relationship between spiritual capital and sustainability performance. The study highlights that the implementation of Green management practices, the strengthening of spiritual values, and the enhancement of Pro-environmental behavior are essential in promoting business sustainability among MSMEs in the tourism sector.

Pengaruh Inventory Intensity, Environmental Performance, dan Capital Intensity terhadap Tax Avoidance pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2022–2024

Naswa Nilla Az Zahra — 2025-11-29

This study aims to determine and analyze the effect of Inventory Intensity, Environmental Performance, and Capital Intensity on Tax Avoidance in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. This is a quantitative study using secondary data in the form of company annual reports obtained from the official websites of the IDX and each company. The independent variables in this study include Inventory Intensity, Environmental Performance, and Capital Intensity, while Institutional Ownership is used as a control variable and Tax Avoidance as a dependent variable. The data analysis method uses multiple linear regression with the help of the SPSS 25 program, beginning with a classical assumption test. The results show that, partially, Environmental Performance has a positive and significant effect on Tax Avoidance with a coefficient value of 0.003 and a significance level of 0.020, while Capital Intensity has a negative and significant effect on Tax Avoidance with a significance level of 0.006 and a negative coefficient of -0.012. Meanwhile, Inventory Intensity with a coefficient value of 0.001 and a significance level of 0.879 and Institutional Ownership with a coefficient value of 0.002 and a significance level of 0.598 did not have a significant effect on Tax Avoidance. Simultaneously, all four variables have a significant effect on tax avoidance. These findings support agency theory, in which company characteristics and monitoring mechanisms play an important role in tax decision-making.

Determinasi Nilai Perusahaan Energi Melalui Green Accounting, Carbon Emission Disclosure, dan Kinerja Lingkungan

Ana Qudsiyah — 2025-11-30

This study examines the effect of green accounting, carbon emission disclosure, and environmental performance on the value of energy companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. The background of this study is based on the increasing global awareness of environmental and sustainability issues. Secondary data were obtained from annual reports, financial reports, and corporate sustainability reports. Sampling was conducted using purposive sampling, resulting in 10 companies with a total of 30 observations over three years. Data analysis techniques used panel data regression with the Random Effects Model (REM) approach. The results show that green accounting does not have a significant effect on company value (? = -0.061805; p = 0.5883), while carbon emission disclosure has a significant negative effect signifikan (? = -0.934517; p = 0.0465) and environmental performance has a significant positive effect on company value (? = 0.142384; p = 0.0048). These findings indicate that the market has not fully assessed green accounting practices as a major factor in determining company value, while good environmental performance is a positive signal for investors. This study contributes to strengthening the literature on sustainability reporting and provides practical implications for companies in improving transparency and environmental performance to create long-term value.

Analisis Perbandingan Rasio Keuangan Pada Perusahaan Industri Telekomunikasi

Hieronimus Erwin Indrawan — 2025-11-30

The telecommunications sector plays a strategic role in Indonesia's digital transformation and economic growth. The number of internet users reached 221 million in 2024, reflecting high demand for communication services. However, intense industry competition and high consumer expectations for service quality demand operational efficiency and sound financial performance. This study aims to examine and compare the financial performance of PT Telkom Indonesia (Persero) Tbk and PT XL Axiata Tbk for the period 2022-2024 using financial ratio analysis, namely Current Ratio, Debt to Asset Ratio, and Net Profit Margin. The research method used is descriptive qualitative with documentation as the data collection technique, utilizing financial report data obtained from the IDX and the companies' official websites. The results show that in terms of liquidity, both Telkom and XL Axiata are in illiquid conditions with Telkom's average current ratio of 0.79 and XL's 0.38.

Pengaruh CAR, BOPO, dan LDR terhadap ROA Dengan Mediasi NIM Pada Bank Pembangunan Daerah

I Wayan Wisnu Pratama — 2025-11-30

This study was conducted to determine the effects of CAR, BOPO, and LDR ratios on ROA and NIM as mediating variables, at Bank BPD Bali for the period 2009-2024, during which ROA fluctuates annually. Public trust will be maintained if the bank continues to deliver positive performance and financial stability amid tight banking competition. Financial performance can be measured by profitability, as reflected in the ROA ratio. This study uses the PLS-SEM analysis method, utilising secondary data from Bank BPD Bali comprising 64 quarterly financial reports from 2009-2024. Based on data analysis, the CAR ratio (t-statistic = 4.779 and p-value = 0.000) and BOPO (t-statistic = 6.114 and p-value = 0.000) significantly negatively affect NIM. In contrast, the LDR ratio (t-statistic = 6.431 and p-value = 0.000) significantly positively affects NIM. The CAR ratio (t-statistic = 2.932 and p-value = 0.002) and BOPO (t-statistic = 8.930 and p-value = 0.000) significantly negatively affect ROA. In contrast, the LDR ratio (t-statistic = 1.093 and p-value = 0.137) does not significantly affect ROA. The NIM ratio (t-statistic = 3.729 and p-value = 0.000) significantly positively affects ROA. In its role as a mediating variable, NIM can mediate the relationships among CAR, BOPO, and LDR on ROA. This conclusion emphasises the importance of banks in maintaining each financial ratio at optimal levels, thereby increasing public trust in banks.

Pengaruh Kualitas Layanan Aplikasi BRImo terhadap Loyalitas Nasabah melalui Kepuasan Pengguna BRI

2025-11-30

Penelitian ini bertujuan untuk menganalisis pengaruh Kualitas Layanan aplikasi BRImo terhadap Loyalitas Nasabah dengan Kepuasan Pengguna sebagai variabel mediasi pada BRI Cabang Sisingamangaraja Medan. Latar belakang penelitian didasari oleh meningkatnya penggunaan mobile banking serta pentingnya kualitas layanan digital dalam meningkatkan kepuasan dan loyalitas nasabah. Penelitian menggunakan pendekatan kuantitatif dengan penyebaran kuesioner kepada nasabah aktif pengguna BRImo. Analisis data dilakukan menggunakan metode Partial Least Square–Structural Equation Modeling (PLS-SEM). Hasil penelitian menunjukkan bahwa Kualitas Layanan berpengaruh signifikan terhadap Kepuasan Pengguna dengan nilai original sample 0,836 dan T-Statistics 23,349 (p < 0,001). Kepuasan Pengguna juga berpengaruh signifikan terhadap Loyalitas Nasabah dengan nilai 0,504 dan T-Statistics 4,029 (p < 0,001). Selain itu, Kualitas Layanan berpengaruh langsung terhadap Loyalitas Nasabah dengan nilai 0,446 dan T-Statistics 3,625 (p < 0,001). Pengaruh tidak langsung Kualitas Layanan terhadap Loyalitas melalui Kepuasan Pengguna juga signifikan, ditunjukkan oleh nilai 0,422 dan T-Statistics 4,048 (p < 0,001). Temuan ini menegaskan bahwa peningkatan kualitas layanan BRImo tidak hanya meningkatkan kepuasan pengguna, tetapi juga memperkuat loyalitas nasabah, baik secara langsung maupun melalui mediasi kepuasan. Hasil penelitian ini diharapkan dapat menjadi masukan bagi BRI dalam meningkatkan kualitas layanan digital secara berkelanjutan.

Analisis Perbandingan Metode Full Costing dan Variable Costing Dalam Penetapan Harga Pokok Produksi Furniture

Muthya Novalina — 2025-11-30

Accurate calculation of cost of goods sold (COGS) is a crucial factor for the sustainability of furniture Small and Medium Enterprises (SMEs) in Indonesia. This study aims to analyze the comparison of full costing and variable costing methods in determining COGS for furniture SMEs using a sample of 3-door wardrobe products. The research method used is descriptive quantitative with data collection techniques through interviews and documentation. The results show that the traditional method applied by the company produces COGS of Rp 1,559,000 per unit, the full costing method produces COGS of Rp 1,665,000 per unit, and the variable costing method produces COGS of Rp 1,565,000 per unit. There is a significant difference of Rp 106,000 (6.80%) between the company's method and full costing, resulting in potential loss of profit margin of Rp 1,300,000 per month or Rp 15,600,000 per year. The full costing method is recommended as the most appropriate method because it includes all production cost components in detail and produces more accurate cost information for pricing decisions, with a recommended selling price of Rp 2,000,000 per unit (increased from Rp 1,870,000) to ensure profitability and business sustainability.

Analisis Determinan Firm Value dengan Model Rasio Tobin's Q: Studi Empiris di Indonesia

Veronicha Maria Jona Chin Shiet Fa Gama — 2025-11-30

The basic materials sector has unique characteristics because it requires large amounts of capital, depends heavily on natural resources, and faces strong exposure to environmental issues. These conditions make the factors that influence firm value in this sector more varied and sensitive to both financial and non-financial changes. This study examines the “effect of tax avoidance, green accounting, institutional ownership, leverage, and profitability on firm value in basic materials companies listed on the Indonesia Stock Exchange during 2020–2024”. This research uses a quantitative approach with multiple linear regression, processed using IBM SPSS Statistics version 26. The t-test results show that green accounting, leverage, and profitability have a positive effect on firm value, while tax avoidance and institutional ownership have a negative effect. The Adjusted R Square value of 0.891 indicates that the model explains 89.1% of the variation in firm value. In addition, the F-test shows a significance value of 0.00 < 0.05, meaning the model is appropriate to use. Overall, the findings show that firm value in the basic materials sector is strongly influenced by sustainability practices, ownership structure, and financial performance.

Dual-Effect Moderation Generative AI: Penguatan dan Risiko Dalam Ekosistem Daya Saing Digital UMKM

Fachmi Tamzil — 2025-11-30

This study examines the relationship between digital transformation, technological readiness, and the competitiveness of micro, small, and medium enterprises (MSMEs) in the context of the rapid development of Generative Artificial Intelligence (GenAI). The main problem addressed is the low level of technological readiness among many Indonesian MSMEs, which slows digital adoption and weakens their ability to compete in a technology-driven market. The research focuses on the MSME landscape in Indonesia and employs a literature-based qualitative approach, analyzing more than 40 recent scientific publications relevant to digital transformation and GenAI. Data were interpreted using content analysis to identify recurring conceptual patterns, variable interactions, and the moderating role of GenAI. The findings indicate that digital transformation and technological readiness are key determinants of MSME competitiveness, primarily through improved efficiency, innovation capacity, and strategic adaptability. Furthermore, GenAI acts as a dual-effect moderator: strengthening the positive influence of digital transformation and technological readiness when strong governance and digital literacy are present, but potentially weakening organizational performance when governance and technological capability are insufficient. The study provides a conceptual foundation for future empirical research and highlights strategic directions for accelerating intelligent technology adoption among MSMEs in the era of generative technologies.

Analisis Faktor-Faktor yang Mempengaruhi Keputusan Penggunaan QRIS sebagai Alat Pembayaran Digital

Sri Nawangsari — 2025-11-30

The development of financial technology in Indonesia has grown rapidly, with this technology changing the cash transaction process to non-cash. FinTech is a combination of financial services and technology. The QRIS payment method is one of the digital payment innovations. It is not surprising that QRIS has become a payment instrument that is quite popular. QRIS (Quick Response Code Indonesia Standard) is a QR Code payment standard for the Indonesian payment system developed by Bank Indonesia and the Indonesian Payment System Association (ASPI). This study aims to determine and analyze the influence of perceived ease, perceived benefits, trust, and security on the decision to use QRIS and the variables that most influence the decision to use QRIS as a payment instrument. The data collection methodology uses primary data with a quantitative approach. The sample collection technique uses purposive sampling. The analysis method in this study is multiple linear regression analysis. The test stages carried out are validity test, reliability test, normality test, heteroscedasticity test, malticolinearity test. multiple linear regression analysis test, t test, f test and determination coefficient test (R²). The results of the study indicate that the variables of perceived ease, perceived usefulness, trust, and security influence the decision to use and the variable that has the most influence on the decision to use is the trust variable.

Analisis Penerapan PSAK 10 Pada Transaksi Ekspor dan Impor Pada Sektor Perdagangan

Fishala Azka Tatsbita — 2025-11-30

This study aims to analyze the implementation of PSAK 10 regarding the Effect of Change in Foreign Exchange Rates on export and import transactions at PT Perushaan Perdagangan Indonesia (PPI) duting the 2020-2023 period, identify the challenges faced, and assess its impact on financial statements. The research employed a descriptive qualitative method using secondary data obtained from the company’s annual financial reports and relevant literature. Data collection techniques included documentation and literature review, while data analysis techniques applied were content analysis and descriptive qualitative analysis to evaluate the compliance of PSAK 10 implementation with foreign exchange fluctuations, accounting treatment of exchange differences, and financial statement disclosures. The results show that PT PPI has implemented PSAK 10 in accordance with the standard, using the Bank Indonesia middle rate at initial recognition and the closing rate at the end of the period for monetary items. The main challenges include determining the appropriate exchange rate, managing foreign exchange fluctuation risks, and ensuring consistent recording. Exchange rate fluctuations, particularly in USD and SGD, have a significant impact on asset values, liabilities, and profit or loss, where the appreciation of foreign currencies tends to increase export revenues but also raises import costs. The study concludes that the implementation of PSAK 10 at PT PPI has been carried out properly and in compliance with the standard, although more optimal foreign exchange risk management strategies are needed to minimize the adverse effects of currency fluctuations on financial performance.

Determinasi Promosi, Persepsi Harga, dan Kualitas Layanan Terhadap Kepuasan Pelanggan dengan Mediasi Keputusan Pembelian

Habib Fitra Ramadhan — 2025-11-30

The development of digital technology, particularly application-based services, has transformed the way people meet their daily needs, including food ordering. ShopeeFood, as a food delivery service in Indonesia, competes fiercely with GoFood and GrabFood, which have previously dominated the market. To attract customers, ShopeeFood implements strategies such as promotions, competitive pricing, and improved service quality. These three factors promotion, price perception, and service quality play a role in influencing purchasing decisions and customer satisfaction. This study aims to analyze the influence of promotion, price perception, and service quality on customer satisfaction through purchasing decisions in ShopeeFood services in Depok City. The analytical method in this study uses quantitative primary data obtained from questionnaires distributed to 150 respondents. The analytical tools used include instrument testing, outer model testing, and inner model testing. The data analysis was carried out using SmartPls version 3 software. The results show that promotion and price perception have an influence on purchasing decisions, while service quality does not. All three variables (promotion, price perception, and service quality) significantly influence customer satisfaction. Purchasing decisions also affect customer satisfaction. Promotion and price perception influence customer satisfaction indirectly through purchasing decisions, while service quality has a direct effect on customer satisfaction without going through purchasing decisions.

Factors Influencing Stock Prices on The Indonesian Sharia Stock Index (ISSI)

Muhammad Irfai Sohilauw — 2025-11-30

This study investigates the relationship between Return on Assets (ROA) and Price-Earnings Ratio (PER), as well as ROA and Dividend Policy, in food and beverage companies listed on the Indonesian Sharia Stock Index (ISSI) from 2019 to 2023. Using a quantitative approach, secondary data from financial reports were analyzed. The findings reveal a significant positive relationship between ROA and PER, with a coefficient of 0.013211 (t-statistic: 3.134266, p-value: 0.0435), indicating that efficient asset management enhances company valuation. Additionally, ROA significantly impacts Dividend Policy, with a coefficient of 0.089739 (t-statistic: 2.851990, p-value: 0.0363), suggesting that companies with higher ROA are more likely to implement a stronger dividend policy. However, the Sobel test results show no mediation effect, with a statistic of -0.31512029 (p-value: 0.75267032), indicating that dividend policy does not mediate the relationship between ROA and PER. These results suggest that investors primarily focus on financial fundamentals such as ROA when assessing company value, while dividend policy plays a secondary role in influencing stock valuation.