Jurnal Ilmiah Akuntansi, Manajemen dan Ekonomi Islam (JAM-EKIS)

DO VAT INCREASES AND DIGITAL MARKETING AFFECT GEN Z PURCHASE DECISIONS? THE MODERATING EFFECT OF E-COMMERCE TRANSACTIONS

Nensi Yuniarti. Zs, Inda Tri Rahayu, Furqonti Ranidiah; Dinal Eka Pertiwi — Sat, 30 May 2026 00:00:00 +0700

In the digital era, consumer behavior—especially among Generation Z—has changed significantly due to easy access to information and online shopping. This generation is technologically literate, values experiences, is socially aware, and is influenced by peers and influencers. This study aims to analyze the effects of value-added tax (VAT) increases and digital marketing on Generation Z’s purchasing decisions, with e-commerce transactions serving as a moderating variable. The research employs a quantitative approach, collecting primary data through an online questionnaire from 294 students of the Faculty of Economics and Business at Universitas Muhammadiyah Bengkulu. Participants were selected using the Slovin formula from a population of 1,108 students. Data were analyzed using SmartPLS 4. The results indicate that VAT increases have no significant effect on purchasing decisions (t = 1.816; p = 0.069), whereas digital marketing has a significant effect (t = 2.894; p = 0.004). Additionally, e-commerce transactions do not moderate the effects of VAT increases (t = 0.324; p = 0.746) or digital marketing (t = 0.858; p = 0.391) on purchasing decisions.

THE EFFECT OF MARKET VALUE ADDED, LEVERAGE, LIQUIDITY, COMPANY SIZE, AND SALES GROWTH ON LQ45 STOCK PRICES

Suci Arnita Sari, Zul Azmi, Muhammad Ahyaruddin — Thu, 28 May 2026 00:00:00 +0700

This study aims to examine the effect of Market Value Added, Leverage, Liquidity, Firm Size, and Sales Growth on stock prices LQ45. The method used in this study is quantitative. The objects analyzed are companies listed on the LQ45 index for the 2019-2024 period, with sampling techniques using purposive sampling, resulting in 22 companies that meet the criteria. The method applied for data analysis is multiple linear regression analysis. The test outcomes reveal that Market Value Added positively and significantly impacts stock prices, Leverage negatively and significantly affects stock prices, whereas Liquidity and Firm Size do not have a significant impact on stock prices. Moreover, Sales Growth exerts a considerable negative impact on stock prices.

ANALYSIS OF PRODUCTIVE ZAKAT MANAGEMENT AND FUND DISTRIBUTION ZAKAT FOR ECONOMIC EMPOWERMENT OF MUSTAHIK AT BAZNAS BENGKULU PROVINCE

Rezka Anastasha; Adi Mansah , Amir Mukadar — Sat, 30 May 2026 00:00:00 +0700

This article aims to analyze the implementation of the Zakat Maal Distribution System at the National Zakat Agency of Bengkulu City (BAZNAS). The analysis seeks to determine whether the zakat maal distribution system complies with Islamic Sharia principles and government regulations. This study employed field research, also known as empirical research. Data were collected through direct interviews with BAZNAS employees in Bengkulu City and several zakat recipients. The results indicate that the distribution process has been running quite well and aligns with Islamic principles as well as applicable laws and regulations in Indonesia. The National Zakat Agency (BAZNAS) of Bengkulu City has distributed zakat funds to various groups categorized as mustahik (zakat recipients), including the poor, the needy, converts to Islam, and others. The utilization of zakat funds covers various areas, such as educational assistance, business support, social aid, and healthcare. Although zakat distribution has been successful, low public awareness remains a challenge, leading to uneven distribution. Therefore, monitoring and evaluation are essential to ensure zakat programs reach their intended beneficiaries.

PROFESSIONALISM, WORK FACILITIES, AND COMPETENCE AS DETERMINANTS OF EMPLOYEE PERFORMANCE THROUGH AFFECTIVE COMMITMENT: EVIDENCE FROM THE BONDOWOSO REGENCY EDUCATION OFFICE

Edi Riyanto, Budi Santoso, Riyanto Setiawan — Sat, 30 May 2026 00:00:00 +0700

Effective human resource management plays an important role in improving organizational performance, particularly in the education sector. This study examines the effects of professionalism, work facilities, and competence on the performance of employees at the Bondowoso Regency Education Office, with affective commitment serving as a mediating variable. A quantitative approach was employed using a survey method. The sample consisted of employees of the Bondowoso Regency Education Office selected through an appropriate sampling technique. Data were analyzed using Structural Equation Modeling (SEM) based on WarpPLS to assess both direct and indirect relationships among variables. The findings reveal that professionalism, work facilities, and competence positively and significantly influence employee performance. These variables also positively affect affective commitment, which subsequently mediates their impact on performance. The results support organizational behavior theories emphasizing the role of individual capabilities and workplace conditions in enhancing performance through employee commitment. This study contributes to the literature by extending the understanding of the relationships among professionalism, work facilities, competence, affective commitment, and performance in the public sector. Practically, the findings suggest that organizations should strengthen employee training, improve work facilities, and foster affective commitment to enhance employee performance and the quality of educational services

EXAMINE THE ROLE OF WORK ETHIC IN STRENGTHENING THE INFLUENCE OF WORK-LIFE BALANCE AND COMPETENCE ON EMPLOYEE PERFORMANCE

Reky Arif Rahman, Budi Santoso, Haris Hermawan — Sat, 30 May 2026 00:00:00 +0700

The Probolinggo Correctional Institution Class IIB plays a vital role in the implementation of correctional functions. Employee performance is a key factor in the success of any institution; therefore, work-life balance and competence are considered crucial in influencing work ethic and overall productivity. This study aims to examine the impact of work-life balance and competence on the performance of employees at Probolinggo Class IIB Prison, as well as the mediating role of work ethic in this relationship. The research employed a quantitative survey approach, involving a sample of employees from Probolinggo Class IIB Prison. Data were analyzed using Structural Equation Modeling (SEM) with the WarpPLS statistical tool. The results indicate that work-life balance and competence have a positive and significant effect on employee performance. Additionally, work-life balance and competence positively and significantly influence employee work ethic. Work ethic was found to mediate and strengthen the relationship between work-life balance, competence, and performance improvement. Therefore, work ethic is a critical factor linking competence and work-life balance to the performance of prison employees. It is recommended that prison management implement ongoing programs that support work-life balance and competency training to achieve optimal professionalism and productivity.

DEVELOPMENT OF THE PENTAHELIX TO HEXAHELIX MODEL IN RAJAPOLAH TASIKMALAYA HANDICRAFT SMEs

Depy Muhamad Pauzy, Ristina Siti Sundari, Hary Firmansyah — Sat, 30 May 2026 00:00:00 +0700

This study aims to develop the pentahelix model into a hexahelix model to strengthen woven handicraft Small and Medium Enterprises (SMEs) in Rajapolah, Tasikmalaya. The traditional pentahelix model, involving government, academia, business actors, communities, and media, has not fully addressed challenges related to financing access, innovation sustainability, and SME performance. Therefore, this study introduces financial institutions as a sixth actor within a collaborative hexahelix framework. Data were analyzed using NVivo 12 Pro based on in-depth interviews with relevant stakeholders. The findings reveal that financial institutions have not yet become an effective driver of business expansion due to entrepreneurs’ concerns regarding interest payments, financing requirements, and installment obligations. Many SME owners remain reluctant to utilize formal financing because of uncertainty about their ability to meet future repayment commitments amid changing business conditions. Nevertheless, the hexahelix model has the potential to foster stronger cross-sector collaboration and support the sustainability of culture-based local economies, provided that entrepreneurs’ financial literacy improves and financial institutions offer more accessible and secure financing schemes.

THE EFFECT OF TAX PLANNING AND TAX BURDEN ON EQUITY IN BANKING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE IN 2021-2023

Ahmad Junaidi, Ummul Khair, Dinal Eka Pertiwi, Tiara Nopita Lestari — Sun, 31 May 2026 00:00:00 +0700

Taxes are mandatory contributions from citizens to the state that are enforced by law and used to finance state expenditures for the public interest and welfare of society. Taxes are a major source of state revenue that is important for national development. This study aims to analyze the impact of tax planning and tax burden on equity in banking companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2023. The research method used is quantitative with secondary data obtained from various published sources. A sample of 29 companies was selected from a population of 47 using purposive sampling, and analyzed using SPSS version 26. The results show that tax planning does not have a significant effect on equity, as seen from the p-value of 0.691 and the path coefficient value of -0.399, which is negative. Tax burden has a positive and significant effect on motorized equity, as seen from the p-value of 0.005 and the path coefficient value of 2.927, which is positive. Tax planning and tax burden have a positive and significant combined effect on equity, as indicated by a p-value of 0.015 and a path coefficient of 4.437, which is positive

PUBLIC SERVICE QUALITY AND COMMUNITY RETENTION IN ENHANCING PUBLIC SATISFACTION: THE MEDIATING ROLE OF TRUST AT JEMBER POLICE

Agus Yudi Kurniawan, Budi Santoso, Feti Fatimah — Sun, 31 May 2026 00:00:00 +0700

Quality police services are one of the main factors in building public trust and satisfaction with the police institution. However, there are still challenges in improving the quality of service and effective community retention as a form of support and loyalty to the Jember Police. This study aims to examine the influence of service quality and community retention on community satisfaction in the Jember Regional Police with the role of intervening in public trust. The research method used a quantitative approach by collecting questionnaire distribution data and then in Structural Equation Modeling (SEM) analysis with the WarpPLS statistical tool. The results of the analysis showed that the quality of service and community retention had a positive and significant influence on community satisfaction, both directly and through trust interventions. Trust has proven to be an important mechanism that strengthens the relationship between service quality and retention to community satisfaction. This finding provides strategic implications for the Jember Regional Police to continue to improve the quality and retention of services as an effort to build and maintain public trust in order to increase satisfaction and loyalty of service users. This research also opens up opportunities for the development of a more responsive and reliable public service system in police institutions.

ENHANCING STROKE PATIENT SATISFACTION THROUGH SERVICE QUALITY, TRUST, AND PATIENT-CENTERED CARE

Zaim Tsaqif Qisthi Haidi, Diyah Probowulan, Haris Hermawan — Sun, 31 May 2026 00:00:00 +0700

Patient satisfaction is an essential indicator of healthcare performance, particularly in stroke care, which involves complex and long-term treatment. This study examines the effects of service quality and trust on stroke patient satisfaction, with Patient-Centered Care (PCC) as a mediating variable, at RSI PKU Muhammadiyah Pekajangan Pekalongan. Using a quantitative explanatory approach, data were collected from 150 stroke patients through structured questionnaires selected via proportional and purposive sampling. The data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS. The findings reveal that service quality has a significant positive effect on patient satisfaction and PCC. Trust significantly influences PCC but does not directly affect patient satisfaction. PCC has a significant positive effect on patient satisfaction and mediates the relationships between service quality and satisfaction as well as between trust and satisfaction. These results emphasize the importance of enhancing service quality and trust through patient-centered care implementation to improve stroke patient satisfaction and healthcare service outcomes.

FROM BROWSING TO BUYING: MICRO-CELEBRITY CONTENT AUTHENTICITY AND GEN Z’S IMPULSE PURCHASING BEHAVIOR

Lady Lady, Kelly Lim, Hepy Hefri Ariyanto — Sun, 31 May 2026 00:00:00 +0700

The rapid acceleration of digital transformation has significantly reshaped consumer patterns, particularly among Generation Z, who increasingly rely on online marketplaces for skincare consumption. Grounded in the Stimulus–Organism–Response (S–O–R) framework, this study analyzes how micro-celebrity content authenticity influences utilitarian and hedonic browsing, and how these internal processes subsequently drive reminiscence and designed impulse purchases. Utilizing a quantitative approach, data were collected from 266 valid Generation Z respondents in Indonesia through purposive sampling and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results support all seven hypotheses, indicating that micro-celebrity content authenticity acts as a significant stimulus triggering both rational and emotional search patterns. Notably, hedonic browsing was identified as the critical mediating mechanism translating authentic digital content into spontaneous buying actions, exerting the strongest influence on reminiscence impulse purchases. These findings enrich the theoretical understanding of online consumer behavior and provide practical insights for skincare brands to prioritize content credibility and emotional engagement over traditional advertising metrics

EMPLOYEE COMPETENCE, MOTIVATION, AND PERFORMANCE: DOES WORK DISCIPLINE STRENGTHEN RELATIONSHIPS?

Hotima, Ima Andriyani, Rosalina Febrica Mayasari, Sari Sakarina — Sun, 31 May 2026 00:00:00 +0700

This study investigates the role of work discipline as a moderating variable in the relationship between competence, motivation, and employee performance among Government Employees with Work Agreements (PPPK) at the Regional Development Planning, Research, and Development Agency of Banyuasin Regency. A quantitative approach using a survey method was employed, involving 48 respondents. Data were collected through Likert-scale questionnaires and analyzed using SmartPLS version 3.2.9. The findings reveal that competence and motivation have a positive and significant effect on both work discipline and employee performance. However, work discipline was not found to significantly moderate the influence of competence and motivation on employee performance. These results suggest that competence and motivation directly affect employee performance without being strengthened or weakened by work discipline. Although this study is limited to a single institution with a relatively small sample size, its findings contribute to the human resource management literature, particularly regarding the limitations of moderating variables, and provide practical insights for government institutions in designing strategies to enhance employee performance.

DOES EMPLOYEE ENGAGEMENT MEDIATE WELL-BEING? A STUDY ON FEMALE EMPLOYEES AT THE MINISTRY OF POPULATION AND FAMILY DEVELOPMENT

Irma Ahmad, Siti Safaria — Sun, 31 May 2026 00:00:00 +0700

The well-being of female employees in the public sector is critical due to dual professional and domestic responsibilities that affect organizational productivity. This study examines the mediating role of employee engagement in the relationships between work-life balance, perceived organizational support (POS), and the well-being of female employees at the Ministry of Population and Family Development. A quantitative explanatory design was employed using Partial Least Squares-Structural Equation Modeling (PLS-SEM). Data from 100 female employees were collected via Likert-scale questionnaires and analyzed with SmartPLS 3.2.7.

Results indicate that work-life balance significantly and positively influences employee engagement (β=0.599; p=0.000) and well-being (β=0.608; p=0.001). POS significantly affects employee engagement (β=0.391; p=0.000) but not well-being (β=0.167; p=0.051). Employee engagement has no significant effect on well-being (β=0.185; p=0.272) and does not mediate the relationships between work-life balance and well-being (β=0.111; p=0.296) or POS and well-being (β=0.072; p=0.277). Organizations should prioritize flexible work policies and gender-specific support to enhance well-being and productivity

ANALYSIS OF THE REALIZATION OF THE REGIONAL REVENUE AND EXPENDITURE BUDGET OF EAST BARITO REGENCY IN 2023-2024 IN SUPPORTING REGIONAL FINANCIAL EFFICIENCY

Anisa Noor Aulia, Tri Hidayati, Arif Mubarok, Muhammad Zainal Arifin — Sun, 31 May 2026 00:00:00 +0700

This study examines the realization of the Regional Revenue and Expenditure Budget (APBD) of East Barito Regency during 2023–2024 to assess its contribution to regional financial efficiency. While previous studies have largely focused on single-year evaluations, comparative multi-year analyses remain limited. This research addresses that gap by evaluating APBD performance using the Value for Money framework (economy, efficiency, and effectiveness). A descriptive qualitative approach was employed through data triangulation, including key informant interviews, non-participant observation, and validation of audited Local Government Financial Statements (LKPD). The findings reveal a significant improvement in fiscal performance in 2024. Revenue realization exceeded the budget target, reaching 101.22%, supported by increased transfer revenues. Expenditure absorption also improved, with overall spending realization of 92.22% and capital expenditure realization of 91.70%. In addition, the Budget Financing Surplus (SiLPA) decreased substantially from Rp154.28 billion in 2023 to Rp30.97 billion in 2024, indicating greater budgetary effectiveness and more efficient financial management

EMPLOYEE TRAINING, DEVELOPMENT, AND PERFORMANCE: EXAMINING THE INTERVENING EFFECT OF JOB SATISFACTION IN THE MUSI BANYUASIN REGIONAL INSPECTORATE

Ari Masyhuri, Manisah, Ima Andriyani — Sun, 31 May 2026 00:00:00 +0700

Using job satisfaction as a mediator, this research analyzes the relationship between employee development and performance at the Musi Banyuasin Regency Inspectorate. A causal associative design was employed in this quantitative research. A total of 138 respondents were randomly selected from 208 civil servant employees. Data were collected using a Likert-scale questionnaire and analyzed using PLS-SEM with SmartPLS version 3.2.9.

The research confirms that staff training and development initiatives have a positive impact on job satisfaction. Findings indicate a strong and positive correlation between training and development programs and employee productivity. Employees who are satisfied with their jobs tend to perform better overall. The results of the indirect effects analysis demonstrate that job satisfaction mediates the relationship between training, professional development, and employee performance. The training and development programs attended by Musi Banyuasin Regency Inspectorate staff directly and indirectly improve performance

THE EFFECT OF LIQUIDITY, PROFITABILITY AND CAPITAL STRUCTURE ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE

Melani Nayasabila, Nurlaili, Sania Nuraziza — Sun, 31 May 2026 00:00:00 +0700

This current inquiry intends to scrutinize the influence of capital structure, liquidity, and profitability upon corporate social responsibility (CSR) disclosure within power entities recorded on the Indonesian securities market between 2021 and 2024. The investigation adopts a numerical framework implementing annual sports data as secondary information, subsequently analyzed by panel data regression and the common effect model (CEM).the results show that liquidity possesses a favorable and substantial consequence, profitability displays zero and negligible results and capital structure exerts an adverse and meaningful outcome upon corporate social responsibility disclosure. Simultaneously, CSR disclosure is substantially influenced by liquidity, profitability, and capital structure. The studys findings confirm that a companys financial position, particularly its liquidity and profitability, significantly influences energy sector enterprises to enhance their disclosure of corporate social responsibility (CSR) information.

PREDICTION ANALYSIS USING THE MODIFIED ALTMAN Z-SCORE MODEL IN INFRASTRUCTURE COMPANIES ON THE IDX 2021-2025 PERIOD

Odie Andika Tidar Zakawali, Marno Nugroho — Sun, 31 May 2026 00:00:00 +0700

This study employs a descriptive quantitative approach using the Modified Altman Z-Score model to assess the financial health and bankruptcy risk of infrastructure companies. The model utilizes four financial ratios: Working Capital to Total Assets (X1), Retained Earnings to Total Assets (X2), Earnings Before Interest and Taxes to Total Assets (X3), and Book Value of Equity to Total Liabilities (X4). The analysis is based on annual financial statements from 2021–2024 and the third-quarter (Q3) 2025 interim financial statements of eight selected companies. The results indicate significant differences in financial conditions across the infrastructure sector. State-owned construction companies, namely Waskita Karya (WSKT) and Wijaya Karya (WIKA), consistently remained in the Distress Zone, with declining Z-Score values that eventually became negative. Adhi Karya (ADHI), Pembangunan Perumahan (PTPP), and Jasa Marga (JSMR) were generally classified in the Grey Zone, reflecting vulnerable but relatively stable conditions. Meanwhile, Bukaka Teknik Utama (BUKK), Citra Marga Nusaphala Persada (CMNP), and Nusantara Infrastructure (META) consistently occupied the Safe Zone. Overall, low profitability and high debt levels were identified as the primary factors contributing to bankruptcy risk among several issuers.

PURCHASE INTENT IN E-COMMERCE: THE IMPACT OF SCARCITY AND DISCOUNT VOUCHER STRATEGIES ON SHOPEE USERS IN BENGKULU CITY

Delfi Novtiara, Meilaty Finthariasari — Sun, 31 May 2026 00:00:00 +0700

This study examines the effect of Scarcity and Voucher Discounts on Purchase Intent among Shopee users in Bengkulu City. Despite significant e-commerce growth globally, the conversion rate from intent to actual transaction remains relatively low, indicating a critical gap in promotional effectiveness in regional markets. This study discusses the lack of empirical evidence regarding the simultaneous impact of scarcity and discount vouchers, especially in developing a digital context such as Bengkulu. Using a quantitative descriptive approach, data was collected from 110 active Shopee users aged 18-35 years through purposive sampling. The analysis used multiple linear regression using SPSS software. The results show that Voucher Scarcity and Discount positively and significantly affect Purchase Intent individually. Discount vouchers were found to be the dominant variable that influenced consumer behavior. Simultaneously, these two variables explain 68.7% of the variance of Purchase Intent. These findings suggest that integrating scarcity strategies with discount vouchers can effectively increase consumer purchase intent. This study contributes to the digital marketing literature and offers practical implications for MSMEs and platform managers in optimizing promotional strategies.

ASSESSING THE IMPACT OF EMPLOYEE SKILLS AND TRAINING ON EMPLOYEE PERFORMANCE THROUGH THE MODERATING ROLE OF EMOTIONAL MANAGEMENT

Meilaty Finthariasari, Mella Widdia — Sun, 31 May 2026 00:00:00 +0700

This study examines the effects of employee skills and training on employee performance, with emotional management serving as a moderating variable, at PT Bio Nusantara Teknologi Bengkulu. A quantitative survey approach was employed, with data collected through questionnaires distributed to permanent employees. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS software. The results indicate that employee skills and training have a positive and significant effect on employee performance. Emotional management also significantly influences employee performance. Furthermore, moderation analysis reveals that emotional management strengthens the relationship between employee skills and employee performance but does not moderate the relationship between employee training and employee performance. These findings suggest that employee skills and job-relevant training are important determinants of performance improvement. In addition, employees’ ability to manage their emotions enhances the contribution of skills to performance, highlighting the importance of emotional management in the workplace

WORK PRODUCTIVITY DETERMINANTS: THE EFFECTS OF WAGES AND OCCUPATIONAL SAFETY AT PT MUTIARA SAWIT SELUMA

Ayati Mariam Nurlima Putri, Sri Ekowati — Sun, 31 May 2026 00:00:00 +0700

This study aims to determine the effect of wages and occupational safety on the work productivity of field workers at pt mutiara sawit seluma. this type of research is a quantitative descriptive study. the population of this study is field workers at pt mutiara sawit seluma as the object of research with a total sampling technique. the data collection technique used is a questionnaire. while the data analysis technique uses descriptive analysis, inferential analysis using spss, multiple linear regression analysis, and coefficient of determination (R²) analysis. the results of this study indicate that wages have a positive effect on the work productivity of field workers at PT. Mutiara Sawit Seluma. this means that the higher and more appropriate the wages received, the higher the work productivity of field workers. Occupational safety has a positive effect on the work productivity of field workers at pt mutiara sawit seluma. the better the implementation of work safety, the higher the work productivity produced. wages and occupational safety simultaneously or together have a positive and significant effect on the work productivity of field workers at pt mutiara sawit seluma, thus indicating that both independent variables have an important role in increasing the work productivity of field workers.

HOW CSR PROGRAMS INFLUENCE CORPORATE IMAGE: INSIGHTS FROM CUSTOMERS OF BRI MANNA BRANCH

Meilaty Finthariasari, Anisa Rahma Putri — Sun, 31 May 2026 00:00:00 +0700

This study examines the effect of customer perceptions of Corporate Social Responsibility (CSR) programs on the corporate image of Bank Rakyat Indonesia (BRI) Manna Branch, South Bengkulu Regency. Using a descriptive research design, the study targeted BRI customers who had received or were aware of the CSR programs implemented by the branch. Data were collected through observation, interviews, and questionnaires. Descriptive analysis, simple linear regression, and the coefficient of determination (R²) were employed using SPSS.

The findings reveal that customer perceptions of CSR programs have a positive and significant effect on the corporate image of BRI Manna Branch. This indicates that more favorable perceptions of CSR initiatives are associated with a stronger corporate image among customers. The results highlight the importance of implementing well-targeted and sustainable CSR programs, supported by effective communication, to enhance customer perceptions and strengthen the bank’s reputation. Consequently, BRI Manna Branch should continue to develop and improve its CSR initiatives to ensure that their benefits are widely experienced by communities in need while simultaneously reinforcing the bank’s positive image

PRODUCTIVE WAQF AND MSME EMPOWERMENT: A SYSTEMATIC LITERATURE REVIEW ON MODELS, IMPACTS, AND IMPLEMENTATION CHALLENGES

Ahmad Eko Saputro — Sun, 31 May 2026 00:00:00 +0700

Productive waqf has emerged as a strategic Islamic social finance instrument with significant potential to support sustainable economic development, particularly through the empowerment of Micro, Small, and Medium Enterprises (MSMEs). Despite growing scholarly attention, existing studies remain fragmented and context-specific, lacking a comprehensive synthesis of productive waqf models, their empowerment outcomes, and implementation challenges. This study addresses this gap by providing an integrated and up-to-date review of productive waqf literature related to MSME empowerment. The research aims to identify dominant productive waqf models, analyze their impacts on MSMEs, and examine key implementation challenges. Employing a Systematic Literature Review (SLR) approach based on the PRISMA framework, this study reviews 15 peer-reviewed journal articles published between 2020 and 2025. The findings reveal that asset-based productive waqf models dominate the literature (60%), while cash- and financial-based models account for 40%. Productive waqf contributes positively to MSME development by enhancing access to capital, strengthening business capabilities, and fostering income growth, employment generation, and business sustainability. However, regulatory fragmentation, limited waqf literacy, and inadequate managerial capacity continue to hinder its effective implementation

BEYOND LIVE STREAMING: HOW IMMERSION AND CONSUMER TRUST SHAPE PURCHASE INTENTION IN TIKTOK LIVE COMMERCE

Muhammad Yasser Iqbal Daulay, Islamuddin — Sun, 31 May 2026 00:00:00 +0700

Live-streaming commerce has become a major component of social commerce, particularly on platforms such as TikTok that combine real-time interaction with online shopping. This study examines the effect of live streaming on purchase intention by considering the mediating roles of immersion and consumer trust. Based on the Stimulus–Organism–Response (SOR) framework and Flow Theory, the research explores how live-streaming experiences influence consumers’ psychological responses and behavioral intentions. A quantitative approach was applied using survey data from 229 TikTok users who had watched live-streaming sessions featuring fashion products. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings show that both immersion and consumer trust positively and significantly influence purchase intention, with consumer trust exerting a stronger effect. However, live streaming does not significantly affect immersion, consumer trust, or purchase intention. These results suggest that internal psychological factors, particularly trust and immersion, play a more important role than technological features in shaping consumer purchase intentions in live-streaming commerce

DEVELOPMENT OF THE PENTAHELIX TO HEXAHELIX MODEL IN RAJAPOLAH TASIKMALAYA HANDICRAFT SMEs

Depy Muhamad Pauzy, Ristina Siti Sundari, Hary Firmansyah — Sun, 31 May 2026 00:00:00 +0700

This study aims to develop the pentahelix model into a hexahelix model to strengthen woven handicraft Small and Medium Enterprises (SMEs) in Rajapolah, Tasikmalaya. While the pentahelix model emphasizes collaboration among government, academia, businesses, communities, and media, it has not fully addressed challenges related to financing access, innovation sustainability, and SME performance. Therefore, this study introduces financial institutions as a sixth actor, creating a hexahelix framework that integrates banks, cooperatives, investors, and digital financial platforms. Using NVivo 12 Pro to analyze data from in-depth interviews, the findings reveal that financial institutions have not yet become an effective driver of business expansion. Many entrepreneurs remain reluctant to utilize external financing due to concerns about loan requirements, interest obligations, and installment payments, particularly amid uncertain business conditions. The study concludes that the hexahelix model has the potential to strengthen cross-sector collaboration, support the sustainability of culture-based local economies, and enhance SME performance. However, its effectiveness depends on improving entrepreneurs’ financial literacy and ensuring that financial institutions provide accessible and secure financing schemes that address the concerns of handicraft business owners.

RELATIONSHIP BETWEEN DIGITAL GREEN MARKETING, EASE OF APPLICATION, CUSTOMER SATISFACTION, AND CUSTOMER LOYALTY

Catur Palupi, Eko Budi Satoto, Retno Endah Supeni — Sun, 31 May 2026 00:00:00 +0700

The era of globalization is the basis for the increasing use of mobile banking services and the demand for the application of sustainability principles in banking marketing practices, especially in the BRImo application. Green digital marketing and ease of use of applications are seen as important factors that can affect customer satisfaction and loyalty in the current era of digital banking transformation. This study uses a quantitative approach with a survey technique to customers who use the BRImo application as respondents, where data is collected through a structured questionnaire and analyzed to test the influence of digital green marketing and ease of application on customer satisfaction and loyalty, including the role of satisfaction as a mediating variable. The results of the study show that green digital marketing and ease of application have a positive and significant effect on customer satisfaction of BRImo users, which further strengthens customer loyalty, as well as that these two variables also have a significant direct influence on loyalty. This study aims to analyze the influence of Green digital marketing and ease of application on customer loyalty of BRImo users, both directly and indirectly through customer satisfaction as a mediation variable

ISLAMIC BANKING PROFITABILITY IN FINANCING SUSTAINABLE PRIORITY SECTOR IN INDONESIA

Ayu Yuningsih; Romi Adetio Setiawan; Suharyono — Sun, 31 May 2026 00:00:00 +0700

This study examines the profitability potential of Islamic banking financing in sustainable economic sectors in Indonesia, particularly industries that implement environmental risk management. Although sustainable financing is a key component of Indonesia’s future economic development, its profitability remains a subject of debate. This research employs the Auto-Regressive Distributed Lag (ARDL) approach to analyze both short-run and long-run relationships between Islamic bank financing and priority sectors of sustainable finance. The study uses monthly time-series data from January 2014 to June 2025, comprising 138 observations. The findings indicate that financing in the manufacturing sector as well as the transportation, warehousing, and communication sectors has significant profitability potential for Islamic banks. However, the study is limited to Islamic banking institutions and requires additional variables to provide a more comprehensive analysis. Future research should utilize more specific bank-level time-series data to better represent the performance of commercial banks in Indonesia. Furthermore, the study recommends strengthening Indonesia’s legal and regulatory framework on sustainable finance taxonomy to establish clearer legal relationships and enhance regulatory certainty among stakeholders

ENVIRONMENTAL MANAGEMENT ACCOUNTING AND RSPO CERTIFICATION ON FIRM VALUE

Sandra Ayu Lestari, Insyirah Putikadea — Sun, 31 May 2026 00:00:00 +0700

This study examines whether Environmental Management Accounting (EMA) practices and Roundtable on Sustainable Palm Oil (RSPO) certification are reflected in the market valuation of palm oil companies listed on the Indonesia Stock Exchange during 2022–2024. Using purposive sampling, the study analyzes panel data from 19 companies over three years, resulting in 57 firm-year observations. Panel regression is employed to assess the relationship between firm value, EMA implementation, and RSPO certification, while profitability (ROA) and firm size are included as control variables. Model specification tests identify the Random Effect Model as the most appropriate estimation method. The findings indicate that neither EMA practices nor RSPO certification has a statistically significant effect on firm value. In contrast, profitability has a positive and significant impact, whereas firm size is negatively associated with firm value. Drawing on the Natural Resource-Based View and signaling theory, the results suggest that sustainability initiatives may represent environmental capabilities and signals of corporate commitment; however, these signals are not yet strongly incorporated into market valuation within Indonesia’s palm oil industry. The findings highlight the limited market appreciation of sustainability-related practices in this sector

THE INFLUENCE OF ORGANIZATIONAL COMMITMENT AND JOB SATISFACTION ON EMPLOYEE WELL-BEING THROUGH OCB

Sun, 31 May 2026 00:00:00 +0700

This study examines the influence of organizational commitment and job satisfaction on employee well-being, with Organizational Citizenship Behavior (OCB) serving as a mediating variable, at PT Dwima Jaya Utama, Central Kalimantan. Employee well-being is a critical issue in human resource management, as it affects employees' psychological condition, performance, and sustainability at work. The objective of this research is to analyze both the direct and indirect relationships among these variables. This study employs a quantitative approach using a causal-comparative (ex post facto) design. Data were collected through questionnaires distributed to 97 office employees using a census method and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results show that organizational commitment does not have a significant direct effect on employee well-being but has a positive and significant effect on OCB. Meanwhile, job satisfaction significantly influences both employee well-being and OCB. OCB also has a significant positive effect on employee well-being and mediates the relationship between organizational commitment and job satisfaction on employee well-being. In conclusion, employee well-being is influenced more by job satisfaction and social behavior (OCB) than by commitment alone

COMPENSATION, WORK ENVIRONMENT, AND MOTIVATION AS PREDICTORS OF EMPLOYEE JOB SATISFACTION

Akbar Agapitus, Nina Fitriana, Herlan Djunaidi, Irayani, Yolanda Veybitha — Sun, 31 May 2026 00:00:00 +0700

This study aims to examine the effect of compensation, work environment, and work motivation on employee job satisfaction at Kursus Kampung Inggris Tempirai, PALI Regency. This research uses a quantitative approach with a survey method. Data were collected through questionnaires distributed to 43 respondents. The data analysis technique used is multiple linear regression with SPSS version 26. The results show that compensation, work environment, and work motivation have a positive and significant effect on employee job satisfaction, both partially and simultaneously. The F-test result shows a significance value of 0.000 (< 0.05), indicating that all independent variables simultaneously affect job satisfaction. The t-test results also indicate that each independent variable has a significant individual effect on job satisfaction. Therefore, improving compensation systems, creating a supportive work environment, and increasing employee motivation are essential strategies to enhance job satisfaction

STRATEGIC ROLE OF HUMAN CAPITAL DEVELOPMENT IN ACHIEVING ORGANIZATIONAL SUSTAINABILITY: EVIDENCE FROM UNIVERSITIES IN PALEMBANG

Irayani, Frecilia Nanda Melvani, Mariyam Zanariah, Suharty, Acika Sabilillah — Sun, 31 May 2026 00:00:00 +0700

The sustainability of higher education institutions depends largely on their ability to develop and manage human capital effectively. This study examines the role of human capital development in supporting organizational sustainability at universities in Palembang. A qualitative case-study approach was employed to explore human capital practices in depth. Data were collected through semi-structured interviews, direct observations, and document reviews involving university leaders, human resource personnel, and academic staff. The data were analyzed using thematic analysis to identify key patterns and insights. The findings reveal that human capital development contributes significantly to organizational sustainability through structured training programs, knowledge-sharing activities, and continuous competency enhancement. These initiatives help universities adapt to environmental changes, foster innovation, and strengthen organizational resilience. Furthermore, the alignment of human resource development strategies with institutional goals was identified as a critical factor in achieving sustainable outcomes. This study highlights the strategic importance of human capital in sustaining higher education institutions and provides practical insights for university management in designing effective and sustainable human resource development strategies.