Prosperia: Journal of Economic Development, Accounting, and Global Markets
Prosperia: Journal of Economic Development, Accounting, and Global Markets is a peer-reviewed academic journal dedicated to publishing high-quality scholarly works in the fields of economics, accounting, finance, and global market studies. The journal provides an international platform for researchers, academics, professionals, and policymakers to disseminate original research articles, theoretical analyses, empirical findings, and critical reviews that address contemporary issues in economic development and international business dynamics.
The Effect of Digital Competence on Employee Performance: The Mediating Roles of Self-Efficacy and Job Satisfaction (A Case Study of the Tangerang City Regional Revenue Agency)
This study examines the influence of digital competence on employee performance through the mediating roles of self-efficacy and job satisfaction at the Tangerang City Regional Revenue Agency. Employing a quantitative research design with a saturated sampling technique involving eighty one employees, the data were analyzed using partial least squares structural equation modeling. The empirical results demonstrate that digital competence exerts a positive and significant direct effect on employee performance, self-efficacy, and job satisfaction. Furthermore, both self-efficacy and job satisfaction act as significant partial mediators in the relationship between digital competence and employee performance. These findings contribute to human resource management theory by highlighting cognitive and affective pathways in digital workplace transformation, while providing practical insights for public sector organizations seeking to optimize administrative efficiency and service delivery quality through targeted capability building and supportive work environments.
Digital Competence, Employee Performance, Self Efficacy, Job Satisfaction, Public Administration.
Copyright (c) 2026 Prosperia: Journal of Economic Development, Accounting, and Global Markets
The Capitalization of the Cultural Value of the Mabbarasanji Tradition from a Cultural Economics Perspective: An Analysis of the Treatment of Cultural Assets Based on Local Wisdom
This study examines the Mabbarasanji tradition within the Culili neighborhood, Polewali Urban Village, Bone Regency, evaluating its structural dynamics as a non-monetary cultural asset from a cultural economics perspective. Utilizing an interpretive qualitative research design and phenomenological analysis, the inquiry captures the lived experiences of traditional reciters and local activists to understand how this oral performance generates localized social capital and maintains communal continuity. The findings indicate that the tradition represents a vital heritage resource whose value is determined by poetic auditory cadences, linguistic preservation, and collective voluntary labor. The investigation demonstrates that these customary practices directly satisfy the legal criteria established under Indonesian Law Number 5 of 2017 concerning the Advancement of Culture, thereby qualifying for formal institutional protection. To counteract modern threats of globalization and declining youth participation, this study devises a narrative Cultural Accounting Disclosure Framework that operationalizes qualitative sustainability metrics for state registries. Ultimately, this framework bridges the gap between abstract local wisdom and formal accountability systems, ensuring the sustainable preservation of Bugis cultural identity.
Mabbarasanji, Cultural Asset, Social Capital, Cultural Accounting, Intangible Heritage.
The Crucial Role of Innovation in Driving Organizational Growth, Success, and Sustainability
Innovation has become a fundamental element in industrial development and organizational advancement because it influences competitiveness, market coordination, and long-term organizational sustainability. Innovation is integrated into various aspects of human activities through product development, managerial approaches, operational methods, and organizational transformation processes. This study aims to examine the crucial role of innovation in driving organizational growth, success, and sustainability through a qualitative conceptual approach and literature review method. The analysis demonstrates that innovation is not limited to creativity or the generation of new ideas but involves systematic processes of transforming ideas into applicable solutions that create organizational value. The findings indicate that innovation capability contributes to organizational development by strengthening adaptability, improving competitiveness, supporting strategic renewal, and enabling organizations to respond effectively to changing market conditions. Innovation also functions as a strategic mechanism that connects creativity, knowledge management, technological advancement, and sustainable organizational performance. This study highlights that innovation should be managed as a continuous organizational capability rather than a temporary activity to ensure long-term success and resilience in dynamic global environments.
Creativity, Innovation, Innovation Management, Organizational Growth, Sustainability.
Strategies For Managing Liquidity Risk Through Asset-Liability Management (ALMA) In Islamic Banking
This study examines the causal relationships between integrated asset liability management frameworks and liquidity risk resilience within Islamic commercial banks in Indonesia. Utilizing panel data and partial least squares structural equation modeling, the empirical investigation evaluates how structural maturity gap configurations, funding diversification strategies, and third party fund optimizations determine institutional stability under strict regulatory environments. The empirical findings reveal that while funding diversification introduces short term adjustments within the financing to deposit ratio, active interventions by the internal asset liability committee act as a vital stabilizing mechanism. Furthermore, the banking sector exhibits robust compliance performance, with the mean liquidity coverage ratio and net stable funding ratio systematically exceeding international regulatory baselines without undermining core sharia principles. The results confirm that domestic monetary instruments effectively insulate participating institutions from systemic interbank contagion. This research concludes that the long term financial sustainability of Islamic banking institutions depends on the continuous alignment between disciplined corporate governance and macroprudential liquidity mandates.
Asset Liability Management, Liquidity Risk, Islamic Banking, Macroprudential Policy, Corporate Governance.
Marketing Intelligence in Islamic Education: A Model for Enhancing Competitiveness through the Use of Digital Data
This study examines the role of marketing intelligence in enhancing the competitiveness of Islamic educational institutions through the strategic utilization of digital data. Rapid digital transformation has intensified competition among educational institutions, creating a need for data-driven decision-making capabilities that extend beyond conventional marketing approaches. Using a quantitative explanatory design, data were collected from leaders, marketing managers, public relations officers, and digital communication personnel from Islamic schools, pesantren, and Islamic higher education institutions. The proposed model was tested using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings demonstrate that marketing intelligence constitutes a multidimensional capability encompassing digital data acquisition, market sensing capability, stakeholder intelligence, competitive intelligence, and analytical capability. Measurement model evaluation confirmed the reliability and validity of all constructs. Structural analysis revealed that analytical capability, stakeholder intelligence, and competitive intelligence exert significant positive effects on institutional competitiveness. The validated model indicates that competitive advantage is generated not merely through digital technology adoption but through the organizational capacity to transform digital information into strategic knowledge. The study contributes to educational management literature by providing an empirically validated framework linking digital data utilization, marketing intelligence, and institutional competitiveness in Islamic education.
Marketing Intelligence, Islamic Education, Digital Data, Institutional Competitiveness, Strategic Management.
The Effect of Islamic Financial Literacy on The Interest in Saving at Islamic Banks
This study examines the empirical effect of Islamic financial literacy on the public interest in saving at Islamic banks within a dual financial system. Utilizing an explanatory quantitative approach and a cross sectional survey design, primary data were gathered through highly structured closed ended questionnaires distributed via purposive sampling to the retail banking consumer market in Indonesia. The primary data underwent classical econometric diagnostics and simple linear regression parameter evaluation. The statistical results reveal that Islamic financial literacy exerts a significant positive influence on saving interest, confirming that cognitive determinants act as structural drivers of behavioral intentions. The empirical model explains more than one third of the total variance in consumer saving interest, validating the fundamental tenets of the Theory of Planned Behavior. These findings address historical research gaps and provide strategic insights for resolving national market anomalies, such as the gap between high sharia literacy levels and low operational inclusion indices. Regulatory bodies and Islamic commercial banking institutions should prioritize structured educational frameworks and digital marketing outreach to optimize asset growth and secure a broader national market share.
Islamic Financial Literacy, Saving Interest, Islamic Banking, Consumer Behavior, Econometric Analysis.
Digital Marketing Strategy with Impact of Delivery Time on Customer Satisfaction in Online Food Delivery
This study examines the interplay between physical distribution speed and digital promotional vectors in shaping customer satisfaction within app-based food delivery ecosystems. Utilizing objective transaction-level data comprising 4093 fully delivered orders from the Zomato platform, an ordinary least squares regression framework was operationalized to evaluate direct and moderating structural pathways. The empirical findings reveal that delivery time does not exert a statistically significant direct impact on numeric customer ratings, suggesting a paradigm shift from raw logistics speed toward holistic experiential value. Conversely, free delivery incentives significantly enhance customer satisfaction, while promotional discount codes operate as critical psychological buffers that expand consumer tolerance thresholds during operational logistics delays. Although the baseline predictive model exhibits low explanatory power, confirming that satisfaction is a complex multidimensional construct, strict variance diagnostics validate structural parameter stability. These insights offer actionable strategic directives for platform managers, emphasizing the transition toward automated data-driven service recovery tools and targeted pricing interventions to stabilize consumer retention in highly competitive digital application markets.
Online Food Delivery, Delivery Time, Customer Satisfaction, Digital Marketing Strategy, Promo Code.
Analysis of Sustainability Reporting as the Implementation of Sustainability Accounting at PT Unilever Indonesia TBK in 2024
This academic study examines the implementation of sustainability accounting through the comprehensive evaluation of the sustainability report published by PT Unilever Indonesia Tbk in the fiscal year of 2024. Employing a qualitative descriptive approach with systematic document analysis, the research evaluates the corporate report against the Global Reporting Initiative Standards and Indonesian regulatory frameworks. The empirical analysis reveals that the company successfully integrates its core corporate business strategy into the newly established Growth Action Plan framework, driving substantial and highly measurable progress across critical environmental and social action areas. Specifically, the company achieved a ninety two percent reduction in greenhouse gas emissions relative to its baseline and successfully collected over ninety thousand tons of postconsumer plastic waste. While these environmental disclosures reinforce social legitimacy and demonstrate strong stakeholder accountability, the reporting still demonstrates an unbalanced emphasis on positive milestones over negative operational impacts. Ultimately, this academic research provides valuable insights into corporate accounting practices by thoroughly evaluating material topic identification, independent external assurance verification, and domestic regulatory multiframework integration processes.
Sustainability Accounting, Sustainability Reporting, Corporate Legitimacy, Carbon Reduction, Waste Management.
Optimizing the Management of Public Funds at Islamic Banks Through Liability Management
This study examines the strategic frameworks governing asset liability management within Islamic banking institutions to optimize public fund management without violating religious jurisprudence. Utilizing a qualitative library research design, the analysis evaluates secondary data spanning statutory regulatory frameworks, central bank macrofinancial records, and authoritative financial treatises. The findings reveal that effective liability management depends on a systematic partitioning between custody based accounts and investment partnerships to mitigate unexpected funding mismatches and control operational costs. Furthermore, integrating diversified capital pools from sovereign entities, educational centers, and social finance foundations provides a durable liquidity buffer that enhances institutional resilience against macroeconomic contractions. The study demonstrates that long term stability requires a balanced configuration that harmonizes profit sharing expectations with strict regulatory parameters. Ultimately, the successful mobilization of public liquidity is achieved by combining robust technological platforms, digital transaction convenience, and dual corporate governance oversight, which collectively reinforce institutional trust and secure sustainable economic growth in accordance with Islamic ethical standards.
Islamic Banking, Liability Management, Public Funds, Financial Liquidity, Risk Governance.
Implementation Of Sharia Principles In Investment Management In Islamic Banking
This study evaluates the operationalization of Islamic jurisprudence within corporate wealth management structures to determine how modern portfolios align with normative regulatory frameworks. Employing a non empirical qualitative design driven by a systematic content analysis framework, the research examines the structural integration of normative theology and macroeconomic architectures. The analytical model decodes foundational texts, statutory banking laws, and national religious fatwas through systematic data reduction, thematic categorization, and conceptual synthesis. The findings indicate that the execution of trust partnerships, joint equity pooling, and asset backed exchange structures naturally mitigates moral hazard while optimizing liquidity distribution. Furthermore, combining international governance benchmarks with independent sharia supervisory controls shields institutional frameworks from systemic market volatility and asymmetric information gaps. The structural synthesis demonstrates that banking resilience depends heavily on anchoring transaction instruments to tangible real sector ventures rather than speculative metrics. Ultimately, this integration establishes a disciplined investment ecosystem that maximizes commercial returns while maintaining absolute regulatory compliance.
Islamic Banking, Investment Management, Sharia Governance, Portfolio Optimization, Risk Mitigation.
The Role of Profitability in Assessing The Financial Health of Islamic Banks
This inquiry establishes a comprehensive conceptual framework validating the structural role of profitability as an active diagnostic instrument in determining the microprudential stability of Sharia compliant financial institutions. Operating within an integrated systematic literature review design, the analytical architecture synthesizes macro level global industry standards with micro level sovereign statutory directives to trace the transmission pathways of institutional earnings. The qualitative data reduction reveals that fundamental rentability metrics including return on assets, return on equity, and net operating margins transcend basic accounting records to actively dictate the broader composite health classifications of modern banking corporations. Through meticulous thematic synthesis and conceptual triangulation, the findings demonstrate that sustainable profit generation directly strengthens operational resilience by accelerating organic capital retention, optimizing risk profile structures, and fortifying corporate governance efficiency. Ultimately, long term organizational survival requires a well integrated revenue optimization strategy that balances prudent asset liability management with aggressive digital banking transformations. Maintaining this structural equilibrium remains highly essential for securing public depositor trust and preserving systemic stability across competitive market landscapes.
Financial Health, Islamic Banking, Microprudential Stability, Operational Resilience, Revenue Optimization.
Balancing National Sovereignty and the Efficiency of Cross-Border Asset Enforcement: Toward an ASEAN Framework for the Recognition and Enforcement of Foreign Court Judgments
This study examines the institutional conflict between state sovereignty and transnational enforcement efficiency within the Association of Southeast Asian Nations, focusing specifically on the conservative legal frameworks of Indonesia and Thailand. Utilizing a non-empirical doctrinal legal method and macro-comparative analysis, the investigation deconstructs the systemic barriers generated by traditional territorial enforcement paradigms that refuse to recognize foreign judicial decrees directly. The current domestic requirements for comprehensive re-litigation multiply corporate transaction costs, cause prolonged procedural delays, and undermine cross-border asset recovery mechanisms within the regional market. To resolve this regional enforcement gap, this study designs a normatively viable regional blueprint titled the ASEAN Framework for the Recognition and Enforcement of Foreign Judgments. By adapting global circulation standards from the Hague Judgments Convention 2019 and the Brussels I Recast Regulation, the proposed model introduces a streamlined registration tracking mechanism balanced with a restrictive grounds for refusal matrix. This integrated architectural framework successfully eliminates structural legal duplication, secures cross-border data privacy, and combats transnational financial crimes while preserving the foundational judicial autonomy of individual member nations.
Private International Law, Judicial Autonomy, Asset Recovery, Cross-Border Enforcement, Regional Integration.
Black Soybean-Based Tempeh Product Innovation to Enhance the Added Value of Local Food Products
This study aims to develop an innovative tempeh product made from black soybeans to enhance the added value of local food products and promote the utilization of indigenous agricultural resources. Black soybeans were selected as the primary raw material because of their high protein content, antioxidant activity, and anthocyanin compounds, which provide greater functional benefits than conventional soybeans. This study employed an empirical qualitative approach using a descriptive research design. Primary data were collected through semi-structured interviews, direct observation of the production process, and documentation, while secondary data were obtained from relevant scientific literature. The production process included black soybean selection, washing, soaking, boiling, partial seed coat removal, inoculation with Rhizopus starter culture, packaging in banana leaves, and fermentation for one to three days. The findings indicate that black soybean tempeh was successfully produced with a compact texture, uniform white mycelial growth, a distinctive dark appearance, and sensory characteristics comparable to conventional tempeh. The innovation also demonstrates promising commercialization potential through product differentiation, functional food positioning, and market-oriented value creation. These findings suggest that black soybean-based tempeh can increase the economic value of local food products, encourage food diversification, and provide sustainable business opportunities for micro, small, and medium-sized enterprises (MSMEs).
Black Soybean, Food Product Innovation, Local Food Products, Tempeh, Value-Added Food.
Analysis of Competitiveness, Opportunities, and Challenges in Indonesia’s Agricultural Trade with the Chinese Market from a Global Perspective
This study evaluates the competitiveness, opportunities, and challenges of Indonesian agricultural trade within the Chinese market using a descriptive analytical framework. By applying the Revealed Comparative Advantage model and the Export Product Dynamics matrix, this research identifies key commodities with significant export potential and competitive positioning. Results indicate that while Indonesia maintains a strong comparative advantage in primary resource-based exports, the structural dependency on raw material shipments limits overall value-added performance. Furthermore, the analysis highlights that systemic barriers, including stringent international quality standards, technological deficits, and human capital limitations, impede deeper market integration. Addressing these obstacles requires an integrated strategy focusing on industrial downstreaming, enhanced certification compliance, and the digitalization of supply chains. The findings suggest that aligning domestic agricultural policies with regional trade frameworks is essential for fostering sustainable export growth. This research provides a robust academic foundation for policymakers to navigate the complexities of bilateral trade, promoting a transition toward innovation-driven competitiveness that enhances Indonesia's strategic standing in the global agricultural trade architecture.
Agricultural Competitiveness, Export Dynamics, Trade Policy, Market Integration, Global Value-Chain.
Modeling the Gross Returns of the Big Four Banks’ Stocks in Indonesia Using a Generalized Linear Model (GLM) with the AIC, BIC, and Deviance Approaches
This study examines the macrofinancial sensitivities and returns dynamics of the four systemically important banks in Indonesia using a Generalized Linear Model framework optimized via operational parameter criteria. Utilizing daily returns data, the empirical framework evaluates the transmission channels of domestic equity index movements, foreign exchange fluctuations, and central bank monetary policies while explicitly addressing non-Gaussian error distributions. The statistical estimations demonstrate that domestic capital market performance acts as the definitive anchor for banking stock returns, although public and private banking instruments exhibit divergent elasticity profiles reflecting distinct institutional mandates and funding structures. Furthermore, residual diagnostics reveal a complete rejection of error normality across all asset vectors, confirming that traditional linear estimation models produce inefficient standard errors under conditions of extreme market volatility. By accommodating alternative exponential distribution profiles and flexible non-linear link functions, the generalized framework minimizes unexplained variance and yields highly consistent parameter metrics. These findings underscore the critical utility of non-linear structural modeling in accurately identifying systematic risks, optimizing corporate banking portfolios, and strengthening macroprudential surveillance systems within emerging financial architectures.
Generalized Linear Model, Systemic Banking Assets, Macrofinancial Transmission, Non-Gaussian Distribution, Capital Market Volatility.
The Role of Digital Technology in the Transformation of Modern Accounting Practices
The architectural shifting of corporate disclosure mechanisms within digitalized global markets necessitates a profound re-engineering of routine transaction recording pipelines to sustain organizational survival. This investigation adopts a non empirical qualitative descriptive approach utilizing a rigorous systematic literature review design to examine the multi dimensional impact of digital technology adoption on contemporary financial frameworks. The analytical model relies on a multi layered qualitative synthesis technique to evaluate the underlying causal relationships between automated processing platforms, professional role adjustments, and internal control vulnerabilities. The findings indicate that while advanced cloud networks and robotic automation maximize processing efficiency, they actively force human practitioners to discard routine mechanical roles and assume high level advisory positions. Furthermore, the implementation of decentralized blockchain architectures and cognitive auditing tools embeds continuous anomaly tracking directly into governance frameworks, significantly reducing corporate fraud risks while simultaneously introducing system dependency variables. This study concludes that long term corporate resilience depends on the strategic alignment between advanced technological infrastructure and mature human resource capabilities.
Accounting Transformation, Artificial Intelligence, Blockchain Technology, Digital Technology, Robotic Process Automation.
An Analysis of the Effects of Macroeconomic Fundamentals, Firm Growth, Capital Structure, and Firm Liquidity on Stock Returns, Dividend Policy, and Financial Performance Among Companies in the Non-Cyclical Consumer Sector Listed on the Indonesia Stock Exchange from 2021 to 2024
This study examines the transmission mechanisms connecting macroeconomic fundamentals, firm growth, capital structure, and corporate liquidity to stock returns, utilizing dividend policy and financial performance as intervening variables. Focusing on public firms within the non-cyclical consumer sector listed on the Indonesia Stock Exchange from 2021 to 2024, data were collected using purposive sampling and evaluated via Structural Equation Modeling Partial Least Squares. The empirical findings reveal that external macroeconomic dynamics and internal firm growth exert influential pressure on baseline operational metrics and structural policies. However, capital structure and cash distribution frameworks remain largely insulated from immediate capital market adjustments, indicating that dividend variations do not serve as direct drivers of equity valuation. Conversely, short-term liquidity maintenance establishes an operational drag on internal profitability, whereas robust financial performance acts as the definitive mediating catalyst that optimizes investor yields. Ultimately, equity market returns are dictated by sustainable corporate profit generation rather than external financing structures, requiring executives to prioritize resource allocation efficiency over superficial payout modifications to successfully capture long-term public investor confidence.
Stock Returns, Financial Performance, Dividend Policy, Corporate Liquidity, Capital Structure.
The Development of Islamic Securities Crowdfunding in Indonesia: Opportunities and Challenges
The rapid advancement of financial technology has transformed Indonesia's financing landscape through the emergence of Islamic securities crowdfunding as a Shariah-compliant alternative financing instrument. This study aims to analyze the development of Islamic securities crowdfunding in Indonesia by examining its opportunities and challenges within the contexts of economic development, accounting, and global financial markets. The study adopts a qualitative, non-empirical design using a library research approach. Data were obtained from peer-reviewed publications, official reports issued by the Financial Services Authority (OJK), and Shariah regulations promulgated by the National Sharia Council–Indonesian Ulema Council (DSN-MUI), which were analyzed through qualitative content analysis and thematic interpretation. The findings indicate that Islamic securities crowdfunding expands financing access for micro, small, and medium enterprises while promoting financial inclusion and Shariah-compliant investment through digital platforms. Regulatory support has strengthened institutional governance and enhanced investor confidence, although challenges remain, including limited Islamic financial literacy, investment risk, regulatory adaptation, Shariah governance, and technological readiness. The study concludes that Islamic securities crowdfunding possesses significant potential to strengthen Indonesia's Islamic digital financial ecosystem, provided that governance quality, stakeholder collaboration, public literacy, and regulatory effectiveness continue to improve.
Financial Inclusion, Islamic Capital Market, Islamic Securities Crowdfunding, MSMEs, Shariah Fintech.
The Role of Digitalization in Improving the Performance of Accounting Information Systems in the Modern Era
This study aims to analyze the role of digitalization in improving the performance of accounting information systems in the modern era. The research employs a qualitative approach using library research by collecting and analyzing various relevant scientific literature. The findings indicate that digitalization plays a significant role in transforming accounting information systems from manual-based processes into more integrated, automated, and data-driven systems. This transformation enhances system performance through improved efficiency in work processes, increased accuracy of financial information, faster data processing, and more effective decision-making support. Furthermore, the study reveals that the success of digitalization implementation is influenced by several supporting factors, including human resource readiness, management support, and technological infrastructure. However, it is also constrained by inhibiting factors such as limited digital competencies, cybersecurity risks, and high implementation costs. Overall, the study concludes that digitalization serves as a strategic driver in improving accounting information system performance in the modern era characterized by rapid technological advancement and increasingly complex information demands.
Digitalization, Accounting Information Systems, System Performance, Modern Era, Information Technology.
The Existence of Islamic Banks and Non-Bank Financial Institutions in Promoting Islamic Financial Inclusion
This study is motivated by the persistent gap between Islamic financial literacy and Islamic financial inclusion in Indonesia, despite the continuous growth of Islamic financial industry assets. The research aims to describe the existence of Islamic banks and Islamic non-bank financial institutions (NBFIs) in promoting Islamic financial inclusion in Indonesia. This study adopts a qualitative approach using a descriptive design and a library research method, relying on secondary data analyzed through content analysis techniques. The findings indicate that Islamic banks and Islamic NBFIs, including Islamic insurance, Islamic pension funds, Islamic pawnshops, and Islamic fintech, continue to experience asset growth and service diversification. However, this growth has not been fully translated into a corresponding increase in Islamic financial inclusion. The study also finds that Islamic financial literacy levels are significantly higher than inclusion levels, suggesting that increased public knowledge does not automatically lead to active utilization of Islamic financial services. Furthermore, structural issues such as regulatory inconsistency, limited product innovation, and unequal digital readiness across institutions remain key barriers. The study concludes that stronger synergy among regulators, Islamic financial institutions, academics, and society is required to enhance literacy, promote innovation, harmonize regulations, and optimize digital technology for sustainable Islamic financial inclusion.
Islamic Banks, Islamic Non-Bank Financial Institutions, Financial Inclusion, Financial Literacy, Islamic Finance.
Risk Management Implementation in Enhancing Bank Performance Stability
This study examines the implementation of integrated risk management in enhancing the performance stability of conventional commercial banks in Indonesia during the 2019–2023 period. A quantitative approach was employed using panel data regression analysis based on 125 firm-year observations from 25 commercial banks listed on the Indonesia Stock Exchange (IDX). The study evaluates the effects of credit risk, market risk, and operational risk management on banking performance, measured by Return on Assets (ROA), Capital Adequacy Ratio (CAR), and Non-Performing Loans (NPL). The findings reveal that integrated risk management significantly improves banking performance stability. Credit risk management exhibits the strongest positive influence on ROA (β = 0.412; p < 0.01) and CAR (β = 0.367; p < 0.01), while significantly reducing NPL (β = −0.289; p < 0.01). Market risk and operational risk management also demonstrate significant relationships with all performance indicators, although with relatively smaller coefficients. These findings suggest that comprehensive enterprise risk management enhances financial resilience, strengthens institutional stability, and supports sustainable banking performance amid economic uncertainty. The study contributes empirical evidence supporting integrated risk governance as a strategic driver of long-term banking sustainability in emerging economies.
Bank Performance Stability, Commercial Banks, Enterprise Risk Management, Indonesia, Panel Data Regression.
Reestablishing Legal Certainty in Dispute Resolution for Digital Transactions Based on Influencer Marketing in Indonesia
This study examines the reconstruction of legal certainty in dispute resolution for digital transactions based on influencer marketing in Indonesia through a normative juridical approach. The research employs statutory and conceptual analyses to evaluate the adequacy, coherence, and normative consistency of legal instruments governing relationships among businesses, influencers, consumers, and digital platforms. Primary legal materials include the Indonesian Civil Code, Consumer Protection Law, Electronic Information and Transactions Law and its amendment, and Government Regulation concerning Electronic Systems and Transactions. The findings reveal that existing legal arrangements have not provided a sufficiently integrated framework for determining liability, resolving disputes, and ensuring accountability within influencer driven commercial activities. Normative ambiguity emerges from the complex interaction among contractual obligations, consumer protection principles, electronic transaction regulations, and platform governance responsibilities. The study further demonstrates that legal certainty depends on a clear allocation of rights and obligations among transactional actors supported by effective institutional mechanisms. A reconstruction model is proposed through regulatory harmonization, integrated online dispute resolution, strengthened consumer protection, explicit influencer liability provisions, and shared platform accountability. The proposed framework aims to improve dispute resolution effectiveness, enhance market trust, and support sustainable governance of Indonesia’s digital economy.
Digital Transactions, Influencer Marketing, Legal Certainty, Online Dispute Resolution, Consumer Protection.
Analysis of Trends and Factors Affecting Indonesian Swallow Nest Exports to China for The 2020–2025 Period
This study analyzes the trends and determinants of Indonesian swallow nest exports to China during the 2020 to 2025 period using an empirical descriptive mixed methods approach. Quantitative evidence was derived from secondary time series data obtained from the Central Bureau of Statistics and the Directorate General of Customs and Excise, covering export volume, export value, and export price indicators. Qualitative evidence was collected from academic literature, policy documents, and international trade studies to explain the underlying drivers of export performance. The findings indicate that Indonesian swallow nest exports experienced a strong upward trajectory after the pandemic period, supported by increasing Chinese demand and expanding market access. Export price dynamics revealed substantial fluctuations, reflecting market adjustment processes, seasonal demand patterns, and changing supply conditions. The average export price remained relatively stable despite temporary corrections, indicating the resilience of swallow nests as a premium export commodity. Internal factors such as production capacity, product quality, processing technology, certification, and logistics efficiency were identified as major determinants of competitiveness. External factors including import regulations, food safety requirements, exchange rate movements, and international competition also significantly influenced export performance. Strategic efforts focused on quality upgrading, digital traceability, certification enhancement, and market diversification are essential for sustaining long term export growth and strengthening Indonesia’s position in the Chinese market.
Swallow Nest Exports, Export Competitiveness, International Trade, Chinese Market, Export Price.
The Influence of Innovation and Competence on Employee Performance at Coffee Shops in Blora Regency
This study examines the relationship between innovation, competence, and employee performance in coffee shop businesses in Blora Regency, with additional attention to revenue performance trends from 2022 to 2024. The empirical findings indicate a consistent decline in revenue across the observed period, reflecting structural challenges driven by increasing market saturation, intensified competition, and shifting consumer preferences toward experience-based consumption. These conditions highlight the importance of internal organizational factors in sustaining business performance. The study shows that innovation plays a significant role in enhancing employee performance through improvements in service delivery, operational systems, digital integration, and customer engagement strategies. Employees in more innovative environments demonstrate higher adaptability and better service quality. In addition, employee competence, including knowledge, skills, and work attitudes, is found to be essential in ensuring service consistency and customer satisfaction. The findings further indicate that innovation and competence function in a complementary and mutually reinforcing manner, where neither variable alone is sufficient to optimize performance. Their integration significantly contributes to improved employee effectiveness and business sustainability in highly competitive SME service environments. Therefore, strengthening both innovation and competence is crucial for improving long-term competitiveness and resilience in coffee shop businesses.
Blora Regency, Coffee Shops, Competence, Employee Performance, Innovation.
Opportunities and Challenges for Indonesian Rattan Furniture Exports to the Japanese Market in 2025
This study examines the opportunities and challenges affecting Indonesian rattan furniture exports to the Japanese market in 2025. The research adopts a non empirical qualitative approach using descriptive analytical methods based on a systematic review of secondary data obtained from government publications, trade reports, industry statistics, policy documents, and relevant academic literature. SWOT analysis is employed as the primary analytical framework to evaluate internal and external factors influencing export competitiveness. The findings reveal that increasing demand for environmentally responsible products, preferential market access through the Indonesia Japan Economic Partnership Agreement, and Indonesia’s positive market position in Japan provide significant opportunities for export expansion. The analysis also identifies important internal strengths, including resource availability, manufacturing capability, design flexibility, and export experience. Nevertheless, export growth remains constrained by intense international competition, strict regulatory requirements, supply chain vulnerabilities, logistics related challenges, and sustainability pressures. The study concludes that strengthening innovation, product quality, regulatory compliance, and sustainable production practices is essential for improving competitiveness. Strategic collaboration among government institutions, industry actors, and supporting stakeholders is required to support long term export development and market expansion in Japan.
Rattan Furniture, Export Competitiveness, Japanese Market, SWOT Analysis, Sustainable Trade.
Legal Framework Of Investment: An Analysis Of Challenges And Its Implications For Economic Growth
Investment law plays a critical role in shaping economic performance by influencing investor confidence, capital allocation, and long term development outcomes. This study examines the legal framework governing investment in Indonesia, analyzes the principal challenges affecting its implementation, and evaluates its implications for economic growth. The research employs a normative juridical approach based on doctrinal legal analysis, conceptual examination, and qualitative interpretation of statutory regulations, academic literature, and policy documents related to investment governance. The findings reveal that Indonesia has undertaken substantial regulatory reforms aimed at improving legal certainty, business efficiency, and investor protection through the Investment Law, risk based licensing mechanisms, and regulatory harmonization initiatives. Nevertheless, the effectiveness of these reforms continues to be constrained by regulatory fragmentation, institutional coordination challenges, administrative uncertainty, governance weaknesses, and emerging regulatory issues associated with digital transformation and sustainability requirements. The analysis further indicates that a strong investment legal framework contributes to foreign direct investment attraction, capital formation, industrialization, employment creation, financial development, and long term economic competitiveness. The study concludes that strengthening regulatory coherence, institutional effectiveness, and governance quality is essential for maximizing the contribution of investment to sustainable and inclusive economic growth.
Investment Law, Legal Framework, Economic Growth, Regulatory Governance, Foreign Direct Investment.
The Impact of Foreign Direct Investment on Employment in Indonesia: An Empirical Study of The Manufacturing Sector
Foreign Direct Investment (FDI) has become an important driver of industrial development and employment creation in Indonesia’s manufacturing sector. This study examines the development of FDI and its relationship with labor absorption in the manufacturing industry. The research employs a quantitative approach using descriptive statistical analysis based on secondary data obtained from official sources, including government publications and economic reports. The findings indicate that the growth of foreign investment has contributed to industrial expansion through increased production capacity, technological advancement, and stronger integration into global production networks. The analysis also suggests a positive relationship between FDI and employment absorption, as investment inflows create job opportunities directly through manufacturing activities and indirectly through the development of supporting industries and related economic activities. However, the employment impact of FDI is influenced by industrial characteristics, technological intensity, workforce quality, and the strength of domestic industrial linkages. These findings highlight the importance of complementary policies to maximize the economic and employment benefits of foreign investment.
Employment Absorption, Foreign Direct Investment, Industrial Development, Labor Market, Manufacturing Sector.
The Accuracy of Social Assistance Based on DTSEN (Single Social and Economic Data) in Reducing Poverty in The City of Serang
Poverty remains a multidimensional development challenge that extends beyond income deprivation and is closely associated with unequal access to education, healthcare, employment opportunities, housing, and social protection. This study analyzes the accuracy of DTSEN-based social assistance targeting in poverty alleviation efforts in Serang City, focusing on the Family Social Security Program (Jamsos) and Productive Economic Enterprise Assistance (UEP). A qualitative case study approach was employed through interviews, observations, and document analysis involving social welfare officials, program facilitators, beneficiaries, and eligible non-beneficiaries. The findings indicate that DTSEN has strengthened beneficiary identification through a more integrated socioeconomic database. Targeting accuracy, however, remains affected by data validation challenges, inter-agency coordination issues, budget limitations, and changes in household socioeconomic conditions. Jamsos contributes to short-term social protection by reducing the burden of basic household expenditures, while UEP provides opportunities for economic empowerment despite uneven outcomes among beneficiaries. Effective poverty alleviation requires continuous data updating, stronger monitoring mechanisms, institutional coordination, and sustained capacity-building efforts to enhance long-term economic independence.
DTSEN, Poverty Alleviation, Serang City, Social Assistance, Targeting Accuracy.
The Role of the Merah Putih Ranjeng Village Cooperative in Supporting the Economy of Micro-Entrepreneurs in Serang Regency, Banten
This study examines the role of the Merah Putih Ranjeng Village Cooperative in supporting the economic activities of micro entrepreneurs in Serang Regency, Banten. The research employed an empirical qualitative design using a descriptive case study approach. Data were collected through in depth interviews, observation, and documentation involving cooperative management and micro entrepreneur members. The findings reveal that the cooperative contributes to economic empowerment by providing business necessities at more affordable prices, reducing production costs, and improving business profitability. The cooperative also facilitates access to market opportunities through collective activities, including bazaars that support product promotion and customer expansion. These functions enhance operational efficiency, strengthen business resilience, and support local economic development through cooperative participation. Despite these contributions, several institutional challenges remain evident, including limited capital resources, dependence on manager initiated funding, inadequate human resource capacity, and the incomplete implementation of savings and loan services and business mentoring programs. The study indicates that cooperative effectiveness depends not only on financial support but also on institutional capacity, governance readiness, and sustainable organizational development. Strengthening institutional structures and multi stakeholder collaboration is essential to maximize the cooperative's contribution to rural economic empowerment.
Cooperative Development, Economic Empowerment, Micro Entrepreneurs, Rural Economy, Village Cooperative.
Analysis of Factors Influencing the Public’s Decision to Choose Kopsyah Rabani Services in The City of Serang
This study investigates the factors influencing public decisions to choose the services of Koperasi Syariah Rabani in the City of Serang. The research focuses on five explanatory variables consisting of religiosity, trust, service quality, location, and promotion. A quantitative cross sectional survey design was employed involving respondents who had previously used or were currently utilizing the services of the cooperative. Data were collected through structured questionnaires distributed to between 100 and 150 eligible respondents selected using purposive sampling techniques. The collected data were analyzed using multiple linear regression with the assistance of SPSS software. The analytical procedures included validity testing, reliability testing, classical assumption testing, partial significance testing, simultaneous significance testing, and coefficient of determination analysis. The findings reveal that religiosity, trust, service quality, location, and promotion positively and significantly influence consumer decision making. Religiosity emerged as the most dominant determinant, followed by trust, service quality, location, and promotion. The model demonstrated strong explanatory capacity, indicating that both religious considerations and institutional attributes shape consumer preferences. The study provides theoretical contributions to Islamic consumer behavior research and practical recommendations for enhancing the competitiveness of sharia cooperative services.
Religiosity, Trust, Service Quality, Sharia Cooperative, Consumer Decision Making.