Indonesia Economic Journal eISSN 3090-4552 & pISSN 3090-4609 publised by Indo Publishing twice a year in June and December accepts research articles, both empirical studies and literature studies that focus on the fields of Economics, Accounting, and Management. Languages used in this journal are Indonesia and English.
Analisis Kemampuan Manajerial dan Kualitas Sumber Daya Manusia dalam Meningkatkan Kinerja Koperasi
Cooperatives are one of the important pillars in the economy that plays a role in improving the welfare of members through the principles of kinship and cooperation. In its implementation, the performance of cooperatives is influenced by various factors, including managerial ability and the quality of human resources. Good managerial skills are needed to carry out the functions of planning, organizing, directing, and supervising effectively, while the quality of human resources which includes knowledge, skills, and work attitudes is an important factor in supporting the success of cooperative operations. However, there are still cooperatives that experience obstacles in organizational management due to low managerial ability of administrators and suboptimal quality of human resources.This research aims to analyze managerial abilities and the quality of human resources in improving cooperative performance. The research uses a descriptive qualitative approach with data collection techniques through interviews, observations, and documentation. The research informants consist of administrators and cooperative members. The data analysis technique uses the Miles and Huberman model which includes data reduction, data presentation, and conclusion drawing. The results of the study show that managerial skills have an important role in improving cooperative performance, especially in the aspects of planning, organizing, directing, and supervision. In addition, the quality of human resources which includes knowledge, skills, and work attitudes also supports the effectiveness of cooperative operations and services to members. This study concludes that the synergy between managerial ability and the quality of human resources is the main factor in improving cooperative performance optimally and sustainably.
Copyright (c) 2026 Ucik Sinta Nuriya, Ainnur Rohmah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Akuntabilitas dan Prosedur Pengembalian Tunjangan Pegawai pada Dinas Pendidikan dan Kebudayaan Kabupaten Tegal
Penelitian ini bertujuan untuk mengetahui prosedur pengembalian tunjangan pegawai serta penerapan prinsip akuntabilitas pada Dinas Pendidikan dan Kebudayaan Kabupaten Tegal. Penelitian ini menggunakan pendekatan kualitatif dengan metode deskriptif. Teknik pengeumpulan data dilakukan melalui observasi, wawancara, dan dokumentasi. Data diperoleh dari bagian keuangan dan administrasi kepegawaian. Hasil penelitian menunjukkan bahwa prosedur pengembalian tunjangan pegawai dilakukan melalui tahapan identifikasi kelebihan pembayaran, verifikasi data, pemberitahuan kepada pegawai, dan pengembalian dana ke kas daerah. Penerapan prinsip akuntabilitas terlihat dari adanya pembagian tugas yang jelas, alur kerja yang terstruktur, serta administrasi yang tertib. Namun, dalam pelaksanaannya masih terdapat kendala seperti keterlambatan pembaruan data kepegawaian dan kurangnya koordinasi antarbagian. Oleh karena itu, diperlukan peningkatan integrasi sistem informasi dan penguatan pengendalian internal agar pengelolaan keuangan daerah dapat berjalan lebih efektif dan akuntabel.
Copyright (c) 2026 Viola Nur Lita (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Rasio Likuiditas dalam Mengidentifikasi Potensi Kepailitan dan Proses Likuidasi Bertahap pada PT. Sri Rejeki Isman Tbk. pada Tahun 2023
The purpose of this study is to analyze liquidity ratios to identify the potential for bankruptcy and the gradual liquidation process of PT Sritex in 2023. The method used is descriptive qualitative, using a financial ratio analysis approach (current ratio, quick ratio, cash ratio) in Sritex's 2023 annual financial report. The results show that the current ratio (1.74) and quick ratio (1.11) are still above 1, but the cash ratio is only 0.02, indicating very severe liquidity, indicating that the company is experiencing severe financial pressure, leading to financial distress and bankruptcy as a long-term impact. The court declared PT Sritex bankrupt in October 2024. The gradual liquidation process was then carried out by the curator through pre-liquidation, initial liquidation, and advanced liquidation stages. In conclusion, a low cash ratio and capital deficiency are accurate indicators of potential bankruptcy
liquidity ratio, bankruptcy, PKPU, gradual liquidation, Sritex
Copyright (c) 2026 Laras Ayu Wulandari, Rohmah Dani Andikasari, Nasywa Salma Najmi, Zarfina Fitri Aisyah, Endang Kartini Panggiarti (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Implementasi Matriks Threats, Opportunities, Weakness, Strengths (TOWS) dalam Perumusan Strategi Bisnis pada UMKM Loempia Bom
Sektor Usaha Mikro, Kecil, dan Menengah (UMKM) memiliki peran penting dalam stabilitas ekonomi nasional, namun sering kali menghadapi kendala dalam penetapan strategi bisnis yang tepat di tengah persaingan pasar yang kompetitif. Penelitian ini bertujuan untuk merumuskan strategi bisnis yang relevan bagi UMKM Lumpia Bom dengan mengidentifikasi faktor internal dan eksternal perusahaan. Metode penelitian yang digunakan adalah kualitatif deskriptif. Pengumpulan data dilakukan melalui observasi, wawancara mendalam dengan pemilik usaha, dokumentasi serta studi literarur. Analisis data dilakukan dengan mengintegrasikan analisis SWOT yang kemudian dikembangkan lebih lanjut menggunakan matriks TOWS untuk menghasilkan alternatif strategi yang bersifat eksekusional. Hasil penelitian memberikan beberapa strategi yang dapat digunakan untuk merumuskan strategi bisnis dengan memanfaatkan faktor internal untuk menghadapi faktor eksternal. Melalui implementasi matriks TOWS ini, diharapkan UMKM Lumpia Bom dapat memiliki kerangka strategis yang sistematis dalam mempertahankan keberlanjutan bisnis dan meningkatkan daya saing di industri kuliner.
Copyright (c) 2026 Desi Ana Lestari, Najwa Amalia Asri Rahayu, Resti Khoeriyah, Winda Astuti, Yoiz Shofwa Shafrani (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Pengaruh Pandemi COVID-19, Debt to Equity Ratio (DER), dan Cash Holding terhadap Return on Assets (ROA) Perusahaan Farmasi yang Terdaftar di BEI Periode 2019–2023
Penelitian ini bertujuan untuk menganalisis pengaruh pandemi COVID-19, Debt to Equity Ratio (DER), dan Cash Holding terhadap Return on Assets (ROA) pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2019–2023. Pandemi COVID-19 menyebabkan perubahan signifikan pada permintaan produk kesehatan sehingga memengaruhi kinerja keuangan perusahaan farmasi. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder berupa laporan keuangan tahunan perusahaan farmasi yang terdaftar di BEI selama periode penelitian. Metode analisis yang digunakan adalah regresi linear berganda dengan variabel pandemi sebagai variabel dummy, serta dilakukan uji asumsi klasik dan robustness test menggunakan robust standard errors. Hasil penelitian menunjukkan bahwa secara simultan pandemi, DER, dan Cash Holding berpengaruh signifikan terhadap ROA perusahaan farmasi. Secara parsial, pandemi berpengaruh signifikan terhadap ROA, Debt to Equity Ratio (DER) berpengaruh signifikan terhadap ROA, dan Cash Holding juga berpengaruh signifikan terhadap ROA. Hasil penelitian ini mengindikasikan bahwa pengelolaan struktur modal dan kas yang efektif sangat penting dalam menjaga profitabilitas perusahaan, khususnya pada kondisi ketidakpastian seperti pandemi. Penelitian ini diharapkan dapat memberikan kontribusi bagi pengembangan teori manajemen keuangan serta menjadi bahan pertimbangan bagi manajemen perusahaan, investor, dan regulator dalam pengambilan keputusan.
Copyright (c) 2026 Fheronica Celia Senduk, Lawren Julio Rumokoy, Ferdy Roring (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Dinamika Distribusi Dana ZIS dan Kondisi Pasar Tenaga Kerja terhadap Kemiskinan dalam Perspektif Ekonomi Islam: Bukti Empiris Data Time Series pada Provinsi Jawa Barat Periode 2020–2024
Kemiskinan masih menjadi permasalahan pembangunan di Provinsi Jawa Barat yang dipengaruhi oleh tingginya pengangguran, ketimpangan pendapatan, dan belum optimalnya pemerataan kesejahteraan. Dalam perspektif ekonomi Islam, distribusi dana zakat, infak, dan sedekah (ZIS) berperan sebagai instrumen keuangan sosial untuk membantu pengentasan kemiskinan melalui redistribusi pendapatan dan pemberdayaan ekonomi masyarakat. Penelitian ini bertujuan menganalisis pengaruh distribusi dana ZIS dan kondisi pasar tenaga kerja terhadap tingkat kemiskinan di Provinsi Jawa Barat periode 2020–2024. Penelitian ini menggunakan pendekatan kuantitatif asosiatif dengan metode time series. Data yang digunakan berupa data sekunder dari Badan Pusat Statistik (BPS), Badan Amil Zakat Nasional (BAZNAS), dan publikasi resmi lainnya. Analisis data dilakukan dengan regresi linear berganda yang mencakup pengujian asumsi klasik. Pengujian ini meliputi normalitas, multikolinearitas, heteroskedastisitas, dan autokorelasi. Penelitian menunjukkan bahwa pembagian dana ZIS dan keadaan pasar kerja mempengaruhi tingkat kemiskinan. Distribusi dana ZIS mampu meningkatkan kesejahteraan masyarakat mustahik, sedangkan tingginya pengangguran meningkatkan risiko kemiskinan. Secara simultan, kedua variabel mampu menjelaskan variasi tingkat kemiskinan di Provinsi Jawa Barat. Penelitian ini menyimpulkan bahwa pengentasan kemiskinan memerlukan integrasi antara optimalisasi instrumen keuangan sosial Islam dan kebijakan ketenagakerjaan. Oleh karena itu, pemerintah dan lembaga pengelola zakat perlu memperkuat sinergi kebijakan ekonomi dan sosial untuk menciptakan kesejahteraan masyarakat yang lebih merata dan berkelanjutan.
Copyright (c) 2026 Sari Hidayah, Elisa Fitri Nazarani, Haditias Haditias, Adelio Hatta Arafat S (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Struktur Kinerja dan Konsep Keunggulan Komparatif Industrialisasi di Indonesia
Industrialisasi merupakan salah satu strategi utama dalam pembangunan ekonomi karena mampu meningkatkan produktivitas, menciptakan nilai tambah, serta memperluas kesempatan kerja. Penelitian ini bertujuan untuk menganalisis struktur kinerja sektor industri dan konsep keunggulan komparatif dalam proses industrialisasi di Indonesia. Metode penelitian yang digunakan adalah metode deskriptif kualitatif dengan pendekatan studi literatur. Data diperoleh melalui jurnal ilmiah, buku, laporan Badan Pusat Statistik (BPS), dan berbagai sumber akademik yang relevan dengan industrialisasi dan ekonomi industri. Hasil penelitian menunjukkan bahwa sektor industri manufaktur memiliki kontribusi yang signifikan terhadap Produk Domestik Bruto (PDB), penyerapan tenaga kerja, serta peningkatan daya saing ekonomi nasional. Indonesia memiliki keunggulan komparatif berupa sumber daya alam yang melimpah, jumlah tenaga kerja yang besar, dan luasnya pasar domestik. Namun demikian, sektor industri nasional masih menghadapi berbagai tantangan seperti keterbatasan teknologi, rendahnya inovasi, tingginya ketergantungan bahan baku impor, serta tingginya biaya logistik. Oleh karena itu, diperlukan strategi pengembangan industri yang berfokus pada hilirisasi sumber daya alam, penguatan inovasi teknologi, peningkatan kualitas sumber daya manusia, dan pembangunan infrastruktur industri secara merata. Dengan strategi tersebut, industrialisasi di Indonesia diharapkan mampu meningkatkan daya saing nasional dan mendorong pertumbuhan ekonomi yang berkelanjutan.
Copyright (c) 2026 Risko Bagus Saputro, Muhammad Yasin (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Keadilan Distributif dalam Filsafat Ekonomi Islam: Kajian terhadap Prinsip 'Adl dan Wasathiyah sebagai Solusi Ketimpangan Kekayaan Kontemporer
Ketimpangan distribusi kekayaan menjadi salah satu persoalan struktural utama dalam sistem ekonomi kontemporer. Data BPS menunjukkan koefisien gini Indonesia pada September 2024 sebesar 0,381, yang mengindikasikan bahwa pertumbuhan ekonomi belum sepenuhnya menghadirkan pemerataan kesejahteraan. Persoalan ini tidak hanya bersumber dari kelemahan kebijakan teknis, tetapi juga dari krisis paradigmatik sistem ekonomi modern yang cenderung menempatkan kepemilikan individual dan akumulasi kapital sebagai orientasi utama. Penelitian ini bertujuan menganalisis prinsip ‘adl dan wasathiyah dalam Filsafat Ekonomi Islam sebagai kerangka konseptual untuk menjawab persoalan ketimpangan kekayaan kontemporer. Metode yang digunakan adalah pendekatan yuridis normatif dengan studi kepustakaan melalui analisis isi terhadap Al-Qur’an, hadis, pemikiran ulama klasik, serta literatur kontemporer tentang filsafat dan ekonomi Islam. Hasil kajian menunjukkan bahwa prinsip ‘adl memberikan landasan normatif bagi distribusi kekayaan yang adil, sedangkan wasathiyah menawarkan keseimbangan antara hak kepemilikan individu dan tanggung jawab sosial. Filsafat Ekonomi Islam memandang harta sebagai amanah dari Allah SWT yang harus dikelola secara adil, produktif, dan berorientasi pada kemaslahatan. Prinsip tersebut dapat diwujudkan melalui instrumen zakat, waqaf produktif, larangan ihtikar, serta peran aktif negara dalam menjamin solidaritas sosial. Dengan demikian, integrasi ‘adl dan wasathiyah menjadi alternatif konseptual yang relevan dalam merumuskan kebijakan ekonomi yang lebih inklusif, berkeadilan, dan berkelanjutan.
Copyright (c) 2026 Syifah Jalianty , Kayla Zahratus Syta, Nanda Saputra, Radya Amkanaki Niarno, Muhamad Masrur (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Peran Dewan Pengawas Syariah dalam Menjaga Kepatuhan Syariah pada Bank Syariah Indonesia
The development of Islamic banking in Indonesia has shown a significant upward trend, driven by increasing public awareness of sharia-based financial systems. The establishment of Bank Syariah Indonesia as a result of the merger of state-owned Islamic banks marks an important milestone in strengthening the national Islamic banking industry. However, such growth must be balanced with optimal sharia compliance to maintain public trust. In this context, the Dewan Pengawas Syariah (Sharia Supervisory Board) plays a strategic role in ensuring that all banking operations comply with Islamic principles. This study aims to analyze the role of the Sharia Supervisory Board in maintaining sharia compliance at Bank Syariah Indonesia. The research employs a descriptive qualitative approach through literature review by examining relevant academic sources. The results indicate that the Sharia Supervisory Board plays a crucial role in operational supervision, product validation, sharia auditing, and the implementation of good corporate governance principles. Additionally, the board contributes to enhancing public trust in Islamic banking. Nevertheless, its effectiveness still faces several challenges, including limited human resource competencies and the complexity of modern financial products. Therefore, strengthening the capacity and adaptability of the Sharia Supervisory Board is necessary to ensure sustainable sharia compliance.
Sharia Supervisory Board, Sharia Compliance, Islamic banking, Bank Syariah Indonesia, Good Corporate Governance
Copyright (c) 2026 Chabi Baturohmah, Dian Fadilah, Fikri Rizki Utama (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Perjalanan U-Curve Theory dalam Adaptasi Budaya Kerja: Studi Kasus Tenaga Kerja Indonesia di New Jersey, Amerika Serikat
Penelitian ini menganalisis proses adaptasi budaya seorang tenaga kerja perempuan asal Indonesia (M.) yang bekerja di sektor manufaktur di New Jersey, Amerika Serikat. Yang membedakan kasus ini dari studi-studi serupa adalah adanya dua proses adaptasi yang terjadi secara bersamaan: adaptasi terhadap budaya negara baru sekaligus adaptasi terhadap dunia kerja untuk pertama kalinya. Penelitian dilakukan dengan pendekatan kualitatif melalui metode studi kasus, melalui wawancara mendalam semi-terstruktur secara daring pada Mei 2025. Analisis mengacu pada kerangka U-Curve Theory of Adjustment (Lysgaard, 1955; Oberg, 1960) serta dimensi budaya Hofstede, Hofstede, dan Minkov (2010), khususnya dimensi individualisme-kolektivisme. Temuan menunjukkan bahwa M. melewati seluruh tahapan kurva U—honeymoon, culture shock, adjustment, hingga adaptation—dengan variasi intensitas yang dipengaruhi oleh tiga faktor utama: kepribadian yang terbuka dan luwes, keberadaan komunitas diaspora Indonesia di sekitar tempat tinggal, serta tersedianya layanan akomodasi bahasa di lingkungan setempat. Perbedaan budaya kerja yang paling terasa muncul pada sistem akuntabilitas berbasis jam kerja dan pola kerja yang sangat individual—dua hal yang secara langsung bersinggungan dengan nilai-nilai kolektivistis yang dibawa M. dari Indonesia. Penelitian ini diharapkan dapat memperkaya diskusi lintas budaya, khususnya dalam memahami kompleksitas adaptasi tenaga kerja migran dari negara berkembang ke negara maju.
Copyright (c) 2026 Muzamzamah Mega Sinta, Annisa Fauziyyah Salsabila, Jevonisa Xena Loering, Sutan Izzat Mundafi, Muhammad Rio Dwi Alfandi, Fresha Kharisma (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Audit Kepatuhan Syariah dalam Membangun Kepercayaan Nasabah pada Bank Syariah
Sharia compliance is the main pillar of Islamic banking integrity, yet public doubts regarding operational authenticity and auditor competency gaps remain strategic issues. This study aims to analyze the effectiveness of sharia compliance audits in building and maintaining customer trust in Islamic banks in Indonesia. The research method employed is descriptive qualitative, with data gathered through in-depth interviews with ten informants (six customers, two bank employees, and two academics) as well as a comprehensive literature review, analyzed using the Miles and Huberman model. The results indicate that regular sharia compliance audits supervised by the Sharia Supervisory Board (SSB) provide spiritual assurance and religious security for customers to avoid usury (riba). Although barriers persist regarding auditors' technical competencies and the complexity of audit report language for laypeople, transparency in report publication remains key to accountability. In conclusion, a credible sharia compliance audit aligned with excellent service quality is the most effective strategy to secure customer loyalty and foster long-term trust.
Sharia Compliance Audit, Customer Trust, Islamic Bank
Copyright (c) 2026 Lailatul Igna Syafaah, Lulu Il Mufidah, Fikri Rizki Utama (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Peran Kualitas Audit Terhadap Kinerja Keuangan PT Bank Sentral Asia Tbk
This study aims to analyze the role of audit quality on the financial performance of PT Bank Central Asia Tbk. This research uses a qualitative descriptive approach with a literature study method by collecting data from company financial reports, scientific journals, books, articles, and various references related to audit quality and financial performance in banking companies. The results of the study indicate that audit quality has an important role in maintaining the transparency of financial statements, improving the effectiveness of company supervision, and increasing investor confidence in the company’s financial condition. Audits conducted professionally and independently are able to help companies minimize errors in financial statement recording, detect financial irregularities, and improve the effectiveness of asset and capital management. In addition, audit quality is also influenced by several factors such as auditor independence, auditor competence, compliance with auditing standards, the reputation of Public Accounting Firms, and the company’s internal control system. These factors play an important role in producing objective and reliable audit reports that can support the stability and financial performance of the company. With high-quality audits, companies are able to improve the credibility of financial statements and maintain the stability of company profitability. Therefore, audit quality becomes one of the important factors in supporting the financial performance of banking companies.
Audit Quality, Financial Performance, Profitability, Audit, Banking
Copyright (c) 2026 Selfi Putri Lestianingrum, Susan Amelia , Renata Lestari , Fikri Rizki Utama (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Penggunaan Business Model Canvas Terhadap Persaingan Bisnis Pada LAZISMU Banyumas
Penelitian ini bertujuan untuk menganalisis penerapan Business Model Canvas (BMC) untuk meningkatkan daya saing lembaga filantropi Islam, termasuk LAZISMU Banyumas. Metode yang digunakan adalah pendekatan kualitatif deskriptif dengan studi kasus, menggunakan observasi dan wawancara sebagai teknik pengumpulan data. Hasil penelitian menunjukkan bahwa LAZISMU Banyumas telah menerapkan sembilan elemen Business Model Canvas secara cukup efektif, termasuk segmen pelanggan, proposisi nilai, saluran, hubungan pelanggan, aliran pendapatan, sumber daya utama, kegiatan utama, kemitraan, dan struktur biaya. Kekuatan utamanya terletak pada pengelolaan dana yang transparan, program sosial yang berkelanjutan, dan penggunaan media sosial sebagai sarana komunikasi dan penggalangan dana. Namun, beberapa kendala masih ada, seperti jumlah donatur yang terbatas, kesadaran publik yang rendah, dan sistem administrasi yang kurang optimal. Oleh karena itu, penguatan strategis diperlukan melalui peningkatan penggunaan teknologi digital, perluasan jaringan kemitraan, dan peningkatan sistem manajemen data. Penelitian ini diharapkan dapat menjadi referensi dalam mengembangkan strategi bagi lembaga filantropi untuk meningkatkan efektivitas dan daya saing secara berkelanjutan.
Copyright (c) 2026 Della Karu, Jun Salma Aryani, Maya Khaerunnisa, Windi Astuti, Fitri Andini, Yoiz Shofwa Shafrani (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Conceptualizing Dual Mechanisms of Decoupling: The Impact of Physical and Temporal Separation on The Intensity of Pain of Paying
The evolution of commerce from tangible cash to digital interactions has fundamentally altered the "pain of paying," a crucial psychological heuristic that regulates consumer spending. This research aims to conceptualize the dual mechanisms of decoupling, physical and temporal separation, within a unified theoretical framework. Utilizing a narrative review methodology, the study synthesizes contemporary literature to explore how these mechanisms manipulate consumer psychology. Physical decoupling, characterized by "Spendception" and invisible payments, reduces payment transparency and neutralizes emotional resistance at the point of sale. Temporal decoupling, prominently seen in Buy Now, Pay Later (BNPL) models, exploits time perception to minimize perceived financial commitment. While these strategies effectively increase impulse buying by removing cognitive friction, they paradoxically damage long-term brand loyalty by eliminating psychological effort justification. The paper concludes that in an increasingly frictionless digital economy, cultivating robust financial literacy is essential for transitioning consumers from vulnerable, heuristic-based emotional regulation to resilient, deliberate cognitive financial management.
Copyright (c) 2026 Tiara Kinanti, Fajar Santoso, Bhenu Artha (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Tantangan dan Peluang Digitalisasi Instrumen Pasar Uang Terhadap Efektivitas Transmisi Kebijakan Moneter
The money market plays a very crucial role as the primary channel in the monetary policy transmission system to achieve macroeconomic stability. This study aims to analyze in depth the various challenges and opportunities arising from the digitalization process of money market instruments on the effectiveness of monetary policy transmission in Indonesia. By applying a qualitative descriptive method based on literature study. research data were collected from various scientific literatures, monetary authority reports, and regulations regarding financial technology. The research results show that the digitalization of money market instruments offers great opportunities including increased real-time market transparency, transaction cost efficiency, and acceleration of the interest rate pass-through mechanism to the real sector. However, this digital transformation also brings significant challenges including cybersecurity risks, potential for high liquidity volatility, and the urgency of more responsive.
Money Market; Monetary Policy Transmission; Digitalization; Financial Technology; Macroeconomic Stability
Copyright (c) 2026 Jalu Raden Al-Awwali, Muhammad Iqbal, Dwi Dzikri Al Faris Ascha, Muhammad Yusuf Bahtiar (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Perputaran Aset dalam Mengukur Efektifitas Pengelolaan Aset pada PT Unilever Indonesia Tbk Tahun 2023-2025
Penelitian ini bertujuan untuk menganalisis perputaran aset dalam mengukur efektivitas pengelolaan aset pada PT Unilever Indonesia Tbk selama periode 2023–2025. Penelitian menggunakan metode deskriptif kuantitatif dengan pendekatan komparatif. Data yang digunakan merupakan data sekunder berupa laporan keuangan tahunan perusahaan yang diperoleh dari website resmi perusahaan dan Bursa Efek Indonesia (BEI). Analisis dilakukan menggunakan rasio aktivitas, yaitu Total Asset Turnover (TATO), untuk mengukur kemampuan perusahaan dalam memanfaatkan total aset guna menghasilkan penjualan. Hasil penelitian menunjukkan bahwa nilai TATO PT Unilever Indonesia Tbk mengalami penurunan secara bertahap, yaitu sebesar 2,32 kali pada tahun 2023, 1,91 kali pada tahun 2024, dan 1,60 kali pada tahun 2025. Penurunan tersebut mengindikasikan bahwa efektivitas pengelolaan aset perusahaan cenderung melemah dari tahun ke tahun. Kondisi ini dipengaruhi oleh ketidakseimbangan antara pertumbuhan aset dan penjualan, di mana peningkatan total aset tidak diikuti oleh pertumbuhan penjualan yang proporsional. Berdasarkan hasil penelitian, perusahaan perlu meningkatkan efisiensi pengelolaan aset dan mengoptimalkan pemanfaatan aset produktif agar mampu mendukung peningkatan penjualan dan mempertahankan kinerja keuangan perusahaan secara berkelanjutan.
Copyright (c) 2026 Desi K. Sitanggang, Thesa Audia Christine Simbolon, Ricardo Januardi L, Juelsi Marito Hutagalung, Abdul Haris (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Perilaku Pasif Mahasiswa dalam Pengambilan Peran di Forum Akademik dan Organisasi serta Implikasinya terhadap Pengembangan Sumber Daya Manusia
This study aims to analyze the passive behavior of students in taking roles in academic and organizational forums and its implications for human resource development (HR). A phenomenon that often occurs shows that students tend to wait for appointments rather than actively volunteer, both in organizational activities, class discussions, and when given the opportunity to express their opinions. This study uses a qualitative method with a descriptive approach. Data were collected through in-depth interviews and observations of students involved in academic and organizational activities. The results showed that students' passive behavior was influenced by several factors, including low self-confidence, fear of social judgment, and a learning culture that lacked active participation. In addition, the academic environment that has not fully supported the courage to speak out has also strengthened this tendency. The implication of this phenomenon is the inhibition of the development of human resources who are proactive, innovative, and have leadership skills. Therefore, efforts are needed from educational institutions to create a more participatory environment to improve the quality of human resources in the future.
Copyright (c) 2026 Ainnur Rohmah, Nor Cahya Lailina, Naila Radha Soraya, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Strategi Atasi Perilaku Menarik Diri di Perusahaan Rintisan Berbasis Teknologi (Technopreneur): Mengubah Tantangan jadi Peluang dengan Mendesain Ulang Pekerjaan Sendiri
The issue of withdrawal behavior is critical because it disrupts productivity and stability in technology-based startups. This study aims to determine whether the ability to redesign one’s own work plays a role in addressing withdrawal behavior among employees in technology-based startups. This quantitative study of technology-based startups employed a simple linear regression approach and was conducted among 202 employees of startups in Indonesia. The research instruments included the Job Crafting and Organizational Withdrawal Behavior scales, which have been validated for reliability and validity. The results of the data analysis indicate that employees’ ability to redesign their own work significantly influences withdrawal behavior. In other words, the higher an employee’s ability to redesign their own work, the lower the level of withdrawal behavior exhibited. Thus, the conclusion of this study indicates that the level of an employee’s ability to redesign their own work in technology-based companies can reduce withdrawal behavior and has proven to be an effective strategy for addressing withdrawal behavior in the workplace of startups.
Copyright (c) 2026 Tasya Augustiya, Novia Astuti Dewi (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Peran Koperasi Mahasiswa dalam Meningkatkan Jiwa Kewirausahaan Mahasiswa dalam Perguruan Tingggi
Student cooperatives play an important role in enhancing entrepreneurial spirit within higher education institutions. This study is motivated by the low interest of students in entrepreneurship and the need to create graduates who are not only job seekers but also job creators. Student cooperatives serve as practical learning platforms that provide direct experience in managing businesses, improving managerial skills, and fostering independence and creativity. The purpose of this paper is to analyze the role of student cooperatives in increasing students’ entrepreneurial spirit. The research method used is a descriptive qualitative approach, with data collection techniques including observation, interviews, and documentation. The results show that student cooperatives function as a medium for entrepreneurship education, business practice, and character development. Therefore, student cooperatives can be an important factor in promoting sustainable entrepreneurial spirit among students.
Copyright (c) 2026 Ana Sakinah, Lailatus Subhiyah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Dinamika Kendala Pengembangan Koperasi dan UMKM di Indonesia dalam Menghadapi Era Digital Economy
The development of the digital economy provides opportunities for cooperatives and Micro, Small, and Medium Enterprises (MSMEs) in Indonesia to expand the market, increase efficiency, and strengthen competitiveness. However, digital transformation in this sector still faces various obstacles. This study aims to examine the dynamics of obstacles faced by cooperatives and MSMEs in the digital economy era. The method used is a qualitative approach through literature studies with data sources from relevant journals, books, and research reports. The results of the study show that the main obstacles include low digital literacy, limited access to technology and infrastructure, limited business capital, and low managerial capacity in utilizing digital platforms. This condition hinders the optimization of the potential of the digital economy. Therefore, support from the government, educational institutions, and the private sector is needed through training, mentoring, and the provision of access to technology and financing so that cooperatives and MSMEs are able to adapt and compete in the digital era..
Copyright (c) 2026 Najwa Raisya Salsabila Azzahra, Nadira Salsabila, Naila Radha Soraya, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Koperasi Sebagai Solusi Pemberdayaan Ekonomi Masyarakat
Cooperatives are one of the economic institutions that play a strategic role in efforts to empower the community's economy. The principles of togetherness, kinship, and member participation make cooperatives a forum capable of strengthening the community's economy, especially small and medium-sized enterprises. However, there are still various economic problems in the community such as limited capital, low access to markets, and lack of business management skills. These conditions make it difficult for the community to develop their businesses optimally. The purpose of writing this article is to analyze the role of cooperatives as a solution for community economic empowerment. The method used is a literature study by examining various relevant scientific sources.The study results show that cooperatives play a role in increasing access to capital, developing members' businesses, creating jobs, and improving community welfare. Therefore, cooperatives can become a solution in community economic empowerment if managed professionally and supported by active member participation.
Copyright (c) 2026 Evi Novita Sari, Nor Cahya Lailina, Aini Zaqiyah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Peran Sumber Daya Manusia dalam Mengelola Sumber Daya Alam untuk Mendukung Pertumbuhan Ekonomi
Human resources play a crucial role in managing natural resources to support sustainable economic growth. The increasing exploitation of natural resources without proper management has led to environmental degradation and reduced long-term economic benefits. Therefore, the presence of competent, skilled, and responsible human resources is essential to ensure that natural resource management is conducted efficiently and sustainably. This study aims to analyze the role of human resources in managing natural resources and their impact on economic growth. The method used is a qualitative approach through literature review by examining various relevant scientific sources. The results indicate that human resources contribute significantly through innovation, technology utilization, environmental awareness, and policy implementation in natural resource management. Effective human resource management can enhance productivity, maintain environmental balance, and create sustainable economic value. In conclusion, the quality of human resources is a key factor in optimizing natural resource management to achieve stable and sustainable economic growth.
Copyright (c) 2026 Evi Novita Sari, Nikmatul Khofifah, Azizatun Niswah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Tantangan dan Peluang Generasi Z dalam Pengelolaan Sumber Daya Alam di Masa Depan
Natural resource management is an important aspect in achieving sustainable development to ensure human welfare both in the present and future generations. Generation Z, as a digital-native generation, has significant potential in managing natural resources innovatively and adaptively. This research aims to analyze the challenges and opportunities faced by Generation Z in natural resource management. This study uses a qualitative approach using a literature review method, with data collected from books, scientific journals, and academic publications. The findings reveal that Generation Z faces several challenges, including a consumptive lifestyle and low environmental awareness. In addition, the overexploitation of natural resources remains a major problem contributing to environmental degradation. However, Generation Z also has considerable opportunities through the use of digital technology and environmental innovation. Therefore, Generation Z plays an important role as agents of change in promoting sustainable management of natural resources through technological advances and increased environmental awareness.
Copyright (c) 2026 Adik Ayu, Neza Aini Ariyanto, Wardatun Nikmah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Pengaruh Sumber Daya Manusia Terhadap Pemanfaatan Sumber Daya Alam Untuk Meningkatkan Perekonomian Masyarakat
Sumber daya manusia (SDM) memiliki peran penting dalam menentukan keberhasilan pemanfaatan sumber daya alam (SDA) dalam meningkatkan perekonomian masyarakat. Penelitian ini bertujuan untuk menganalisis pengaruh kualitas SDM terhadap pemanfaatan SDA serta dampaknya terhadap peningkatan kesejahteraan masyarakat. Metode penelitian yang digunakan adalah pendekatan kualitatif dengan jenis penelitian deskriptif melalui studi kepustakaan (library research) yang bersumber dari jurnal ilmiah, buku, dan referensi relevan lainnya. Hasil penelitian menunjukkan bahwa kualitas SDM yang baik, yang ditunjukkan melalui tingkat pendidikan, keterampilan, serta kesadaran lingkungan, mampu meningkatkan efektivitas dan efisiensi dalam pemanfaatan SDA. Selain itu, SDM yang berkualitas juga mendorong inovasi dan pemanfaatan teknologi sehingga menghasilkan nilai tambah ekonomi yang lebih tinggi. Pemanfaatan SDA yang didukung oleh SDM yang kompeten tidak hanya berorientasi pada keuntungan jangka pendek, tetapi juga memperhatikan aspek keberlanjutan lingkungan. Sebaliknya, rendahnya kualitas SDM dapat menyebabkan pengelolaan SDA yang tidak optimal, eksploitasi berlebihan, kerusakan lingkungan, serta rendahnya kemampuan adaptasi terhadap perkembangan teknologi. Dengan demikian, peningkatan kualitas SDM melalui pendidikan, pelatihan, dan pemberdayaan masyarakat menjadi faktor kunci dalam mendukung pengelolaan SDA yang berkelanjutan dan peningkatan perekonomian masyarakat. Sinergi antara pemerintah, masyarakat, dan lembaga pendidikan sangat diperlukan untuk mengoptimalkan potensi SDA secara berkelanjutan.
Sumber Daya Manusia (SDM); Pemanfaatan; Sumber Daya Alam (SDA); Perekonomian Masyarakat.
Copyright (c) 2026 Atik Maliyya, Lailatus Subhiyah, Umi Makhbubi Zakiyah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Analisis Peran Manajemen Sumber Daya Manusia dalam Meningkatkan Produktivitas Tenaga Kerja
This research aims to analyze the role of human resource management in increasing labor productivity. The approach used is qualitative with the literature study method. Data is obtained from various sources such as books, scientific journals, and relevant research articles. The data analysis technique is carried out in a qualitative descriptive manner through the process of studying, comparing, and interpreting theories and previous research results. The results of the study show that human resource management has an important role in increasing labor productivity, especially through the management of the quality of human resources which includes education, skills, work experience, and health conditions. Effective human resource management is able to create a more productive, efficient, and optimally performing workforce. Therefore, the implementation of good human resource management is an important strategy in achieving organizational goals.
Copyright (c) 2026 Ucik Sinta Nuriya, Nadira Salsabila, Najwa Raisya Salsabila Azzahra, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Peran Pembangunan Ekonomi dalam Membentuk Sumber Daya Manusia yang Unggul di Indonesia
Economic development plays a crucial role in improving the quality of human resources (HR) in Indonesia. Sustainable economic growth enables increased access to education, healthcare, and decent employment, thus improving skills, productivity, and public welfare. Furthermore, economic development encourages innovation and technological mastery to face global competition. However, various challenges remain, such as development inequality, low education quality in some regions, and limited access to economic opportunities. Therefore, synergy between the government, the private sector, and the community is needed to create inclusive and sustainable policies. Thus, economic development is oriented not only toward growth but also toward improving the quality of human resources, the nation's primary asset.
Copyright (c) 2026 Aini Zaqiyah, Ahmad Gianto, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Peran SDM dalam Pengelolaan Sektor Perikanan Terhadap Pendapatan Masyarakat di Kota Pasuruan
The fisheries sector in Pasuruan City has significant potential to support the coastal economy, supported by its strategic geographic location and abundant marine resources. However, this potential has not been optimally utilized due to a gap between the availability of natural resources and the quality of the human resources (HR) managing them. These challenges include low human resource quality, the use of traditional production methods, limited innovation in fisheries processing, and a marketing system that relies heavily on middlemen. This study aims to analyze the role of human resource quality in improving productivity and community welfare in the fisheries sector in Pasuruan City. The method used is a literature review, reviewing various relevant previous studies. The results indicate that human resource quality is a key factor in increasing productivity, business efficiency, and the added value of fishery products. Furthermore, the use of technology and strengthening business institutions play a crucial role in expanding market access and increasing the competitiveness of business actors. Therefore, improving human resource quality through training, mentoring, and technology utilization is a key strategy in optimizing the potential of the fisheries sector. These efforts are expected to increase productivity, strengthen competitiveness, and encourage sustainable improvements in the welfare of coastal communities.
Copyright (c) 2026 Dwi Nur Aini, Mailani Amriatul Aulia, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Koperasi memiliki peran penting dalam mendukung perkembangan Usaha Mikro, Kecil, dan Menengah (UMKM). Koperasi berfungsi sebagai wadah kerja sama yang dapat membantu pelaku UMKM dalam memperoleh akses permodalan, meningkatkan kemampuan usaha, serta memperluas jaringan pemasaran. Melalui berbagai layanan seperti pemberian pinjaman modal, pelatihan usaha, dan pendampingan manajemen, koperasi mampu membantu UMKM meningkatkan produktivitas dan daya saing. Selain itu, keberadaan koperasi juga dapat mendorong pertumbuhan ekonomi masyarakat serta meningkatkan kesejahteraan anggotanya. Oleh karena itu, sinergi antara koperasi dan UMKM sangat penting dalam menciptakan perekonomian yang kuat dan berkelanjutan.
Koperasi; UMKM; Permodalan; Pemberdayaan ekonomi.
Copyright (c) 2026 Atik Maliyya, Azizatun Niswah, Umi Makhbubi Zakiyah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Fenomena Sandwich Generation dan Dampaknya terhadap Kesejahteraan Tenaga Kerja di Indonesia
The sandwich generation is a phenomenon in which productive-age individuals must bear the financial burden of two generations simultaneously, namely elderly parents and children who are still financially dependent. In Indonesia, this phenomenon is increasingly widespread due to the growing elderly population, rising cost of living, limited old-age security, and strong family cultural values that encourage cross-generational financial responsibility. This study aims to explain the concept of the sandwich generation, analyze its contributing factors, and examine its impact on the welfare of the workforce in Indonesia. The method used is a systematic literature review by examining various scientific sources including journals, books, research reports, and relevant official publications. The findings indicate that the sandwich generation phenomenon significantly affects workforce welfare, encompassing financial pressure, declining quality of life, difficulty in saving and investing, and reduced productivity due to work-related stress and emotional exhaustion. At the macro level, the low saving capacity of this group also reduces the flow of productive investment funds within the national economy. To address this condition, a synergy is needed between improving financial literacy at the individual and family level and strengthening social protection policies by the government, so that workforce welfare can be maintained and the cycle of cross-generational financial vulnerability can be minimized.
Sandwich Generation; Kesejahteraan; Tenaga Kerja
Copyright (c) 2026 Halimatus Sa'diyah, Sabrina Arsy Wijaya, Ana Sakinah, Nurus Sobakh (Author) https://creativecommons.org/licenses/by-nc-sa/4.0
Mekanisme Psikologis Servant Leadership terhadap Kepuasan Kerja Karyawan: Sebuah Systematic Literature Review
This study examines how servant leadership influences employee job satisfaction using a Systematic Literature Review (SLR) approach. Articles published 2021 and 2026 were collected from databases such as Scopus, ScienceDirect, SpringerLink, and ProQuest. The findings indicate that servant leadership is positively associated with job satisfaction across various organizational contexts. This leadership style enhances trust, strengthens relationships between leaders and employees, and creates a supportive work environment. Furthermore, the result shows that the relationship between servant leadership and job satisfaction operates through psychological mechanisms, such as trust and leader-member exchange, as well as structural mechanisms, including empowerment and employee development. However, the strength of this relationship varies depending on contextual factors, such as organizational culture and individual characteristics. Therefore, organizations are encouraged to implement servant leadership by considering internal conditions and contextual dynamics.
Copyright (c) 2026 Jenar Ayu Persada, Valerine Tampubolon, Najwa Aulannisa (Author) https://creativecommons.org/licenses/by-nc-sa/4.0