Jurnal Ekonomi Teknologi dan Bisnis (JETBIS)
Jurnal Ekonomi, Teknologi dan Bisnis is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly by Al-Makki Publisher. Jurnal Ekonomi, Teknologi dan Bisnis provides a means for sustained discussion of relevant issues that fall within the focus and scopes of the journal which can be examined empirically. The journal publishes research articles covering all aspects of Economic, Technology and Business, ranging from Economics, Management, Accounting, entrepreneurship, Business, MSME, Agriculture and Technology that belong to the Economic, Technology and Business context. Name: Jurnal Ekonomi, Teknologi dan Bisnis E-ISSN : 2962-9330 P-ISSN : 2964-903X DOI : Crossref Period : Monthly Indexing and Abstracting : Dimension, Google Scholar, Garuda, Copernicus Hijau, BASE, Crossref, EBSCO Publication Guidelines : COPE Guidelines Publisher : Al-Makki Publisher Society/ Institution: Cairo University, Mesir
Efektivitas Program QRIS Bank Indonesia terhadap Peningkatan Inklusi Keuangan Digital UMKM di Daerah Tertinggal, Terdepan, dan Terluar (3T)
Inklusi keuangan digital menjadi prioritas strategis nasional, sebagaimana termuat dalam RPJPN 2025–2045 dengan target capaian 91%. Program Quick Response Code Indonesian Standard (QRIS) yang diluncurkan Bank Indonesia sejak 2019 mencatat pertumbuhan signifikan, di mana hingga triwulan I 2025 terdapat 56,3 juta pengguna dengan 38,1 juta di antaranya merupakan pelaku UMKM. Namun demikian, disparitas adopsi QRIS antara wilayah perkotaan dan daerah 3T masih menjadi persoalan krusial, mengingat keterbatasan infrastruktur digital, rendahnya literasi keuangan, dan minimnya akses internet di kawasan tersebut belum teratasi secara menyeluruh. Tujuan: Penelitian ini bertujuan menganalisis efektivitas implementasi program QRIS Bank Indonesia dalam meningkatkan inklusi keuangan digital UMKM di daerah 3T, serta mengidentifikasi faktor penghambat dan pendorong adopsinya. Penelitian menggunakan pendekatan mixed methods dengan desain sekuensial eksplanatori. Data kuantitatif diperoleh melalui survei terhadap 320 pelaku UMKM di empat kabupaten kategori 3T di wilayah Indonesia Timur, dianalisis menggunakan Structural Equation Modeling (SEM). Data kualitatif dikumpulkan melalui wawancara mendalam dengan pemangku kepentingan terkait dan dianalisis secara tematik. Hasil penelitian menunjukkan bahwa program QRIS berpengaruh positif dan signifikan terhadap peningkatan inklusi keuangan digital UMKM di daerah 3T, namun efektivitasnya masih terhambat oleh keterbatasan infrastruktur jaringan, rendahnya literasi digital pelaku usaha, serta kurangnya pendampingan berkelanjutan dari lembaga keuangan. Faktor kesiapan teknologi dan dukungan ekosistem digital menjadi variabel moderasi yang paling dominan dalam menentukan keberhasilan adopsi QRIS di wilayah tersebut.
Copyright (c) 2026 Nurhaliza Nurhaliza, Diana Magfiroh, Ginna Novarianti Dwi Putri Pramesti
System Shift Risk, Chokepoint Severity, and Macroeconomic Resilience: Quarter-Level Exploratory Evidence from A Configuration-Based Framework
This study develops and evaluates the System Shift Economics framework as a configuration-based approach for diagnosing macroeconomic vulnerability and adaptive resilience. The framework proposes that forward-looking macroeconomic outcomes are shaped not only by current status categories, but by the interaction between structural pressure and adaptive capacity. Using 203 quarter-level macroeconomic observations — with forward-looking outcomes available for 199 observations — the study constructs a System Shift Risk Score from seven coded variables: System Condition, Domain Lock, Actor Complexity, Chokepoint Severity, Position Quality, Strategy Quality, and Feedback Maturity. The primary outcomes assessed are four-quarter-ahead GDP loss, crisis status, progression toward adaptive recovery, and overall success. The results provide exploratory support for the framework. Chokepoint Severity significantly predicts both four-quarter-ahead GDP loss and crisis probability. Strategy Quality and Feedback Maturity significantly predict Success and Progression in logistic models. The System Shift Risk Score outperforms the baseline status classification across all outcomes, improving explanatory power for GDP loss and discriminatory performance for crisis, success, and progression. Random Forest feature importance analysis identifies the composite risk score and Feedback Maturity as consistently relevant predictors. Cluster analysis further reveals three theoretically coherent regimes: Adaptive/low-risk, Transitional/medium-risk, and Stagnant/high-risk. The findings suggest that macroeconomic resilience is better understood as a system configuration rather than a static status condition. As the framework is newly operationalised, the evidence should be interpreted as exploratory rather than confirmatory; future validation will require independent samples, robustness checks, and external forecasting benchmarks.
Copyright (c) 2026 Raymond Rubianto Tjandrawinata
Measurement of Soil Thermal Conductivity as A Basis for Selecting Soil Types for Photovoltaic Passive Cooling Systems
This study aims to measure and analyse the thermal conductivity of clay and sandy soils as potential media for passive cooling systems in photovoltaic modules. A quantitative experimental approach was employed using the Transient Line Heat Source (TLS) method, which utilises the temperature response over time due to a linear heat source. The measurement system was developed using an ESP32 microcontroller integrated with a DS18B20 temperature sensor capable of real-time data acquisition. The results indicate that the system operates in an integrated manner and produces stable data for thermal conductivity calculations. The thermal conductivity of clay soil was found to be 1.133 W/mK at a moisture content of 74.25%, while coastal sandy soil exhibited a higher value of 1.595 W/mK at a moisture content of 81.25%. Sandy soil demonstrated approximately 40.78% higher heat transfer capability compared to clay soil. These findings suggest that, in addition to soil type, moisture content plays a significant role in determining thermal conductivity. Soils with higher moisture content therefore hold greater potential as passive cooling media for enhancing the efficiency of photovoltaic systems.
Copyright (c) 2026 Abdurrohman, Rindi Wulandari
The Effectiveness of Social Assistance Programs in Reducing EconomicInequality
Economic inequality remains a fundamental challenge in Indonesia's development process. This study analyzes the effectiveness of social assistance programs in reducing economic inequality in Indonesia from 2019 to 2024. Social assistance programs such as the Family Hope Program (PKH), Non-Cash Food Assistance (BPNT), and Direct Cash Assistance (BLT) have become the government's primary instruments for addressing poverty and inequality. Using secondary data from the Central Statistics Agency (BPS) and the Ministry of Social Affairs, this research evaluates the impact of social assistance on the decline in the Gini ratio and poverty rates. The results show that social assistance programs make a significant contribution to reducing economic inequality, with the Gini ratio decreasing from 0.388 in 2023 to 0.379 in March 2024. Poverty rates also declined from 16.66% in 2004 to 8.57% in September 2024. However, disparities between urban and rural areas persist. The PKH and BPNT programs proved more effective, with graduation rates reaching 8% in 2019. This research recommends improving coordination between programs and refining targeting systems to achieve optimal results.
Copyright (c) 2026 Widiana Indah Permata, Jooner Rambe
The Role of The Agricultural Sector in Driving Sustainable Economic Development
The agricultural sector plays a strategic role in Indonesia's economic development through its contributions to Gross Domestic Product (GDP), employment absorption, and national food security. This study analyses the role of the agricultural sector in promoting sustainable economic development in Indonesia using secondary data from Statistics Indonesia (Badan Pusat Statistik, BPS) and the Ministry of Agriculture covering the period 2020–2024. A descriptive analysis method is employed to describe the agricultural sector's contribution to the national economy. The results show that the agricultural sector contributed 12.4% to national GDP in 2022, with a value reaching Rp1,134.5 trillion in 2023. The Farmer Terms of Trade (Nilai Tukar Petani, NTP) shows a positive trend, with the highest recorded value of 120.97 in February 2024, indicating improved farmer welfare. Rice production reached 53.63 million tonnes in 2023, with a harvested area of 10.20 million hectares. The agricultural sector has proven to be a resilient economic pillar, particularly during the pandemic period, recording growth of 1.84% in 2021. Agricultural technology development, production diversification, and improvements in competitiveness are identified as key factors in strengthening the agricultural sector's role in sustainable economic development.
Copyright (c) 2026 Ary Andrian, Rudi Bratamanggala
Dimensions of Systemic Failure in Traditional Market Waste Management: A Scoping Review of Empirical Studies in Bandung Raya Metropolitan Area
This study examines the persistent challenges of waste management in traditional markets within the Bandung Raya metropolitan area, Indonesia. Traditional markets contribute significantly to urban waste generation, particularly organic waste, which creates environmental, health, and governance concerns. The study aims to analyze the dimensions of systemic failure in traditional market waste management by synthesizing empirical findings from previous studies conducted across various market locations in Bandung Raya. This research employed a scoping review design following the PRISMA-ScR framework. Data were collected from Google Scholar, Garuda, SINTA, and Scopus databases, resulting in twelve empirical studies published between 2014 and 2025 that met the inclusion criteria. Thematic synthesis was used to identify recurring patterns and dimensions of failure across the studies. The findings reveal five interconnected dimensions of systemic failure: technical-operational gaps, behavior-awareness gaps, participation-incentive gaps, governance-coordination gaps, and institutional-regulatory gaps. Inadequate infrastructure, weak stakeholder coordination, low waste-sorting participation, and limited policy implementation were consistently identified across market locations. The study also highlights the potential of a circular economy model to transform waste management from a financial burden into an economic opportunity, particularly through organic waste processing. In conclusion, improving traditional market waste management requires integrated interventions addressing all five systemic dimensions simultaneously. The study provides an evidence-based foundation for future policy development and research on sustainable urban waste governance.
Copyright (c) 2026 Tri Widarmanti, Agus Rahayu, Lili Adi Wibowo, Nurul Aziz Pratiwi
Analysis of the Influence of Education on Productivity and Economic Growth
Education plays a strategic role in improving labor productivity and promoting sustainable economic growth, particularly in developing countries such as Indonesia. However, despite continuous government investment in the education sector, Indonesia still faces challenges related to educational quality, labor productivity, and regional economic disparities. This study aims to analyze the effect of education on labor productivity and economic growth in Indonesia and to examine the mediating role of productivity in the relationship between education and economic growth. This study employs a quantitative approach using panel data from 34 Indonesian provinces during the 2020–2024 period. Data were obtained from the Central Statistics Agency (BPS), the Ministry of Manpower, and other official publications. Panel data regression analysis using the Fixed Effect Model was applied to estimate the relationships among the variables. The findings reveal that education, measured by average years of schooling, has a positive and significant effect on labor productivity and economic growth. Each additional year of schooling significantly increases worker productivity and contributes to regional economic growth. Furthermore, labor productivity significantly mediates the relationship between education and economic growth. The study concludes that improving educational quality and accessibility is essential for strengthening labor productivity and accelerating sustainable economic development in Indonesia.
Copyright (c) 2026 Adimas Rois Adnan, Roma Nova Cahjati Poetry
The Role of Ijtihad in the Development of Islamic Economics in the Era of Globalization: A Library Research and Fatwa Institutions Analysis
Globalization has fundamentally transformed the global economic order, presenting complex challenges for the development of the Islamic economic system, particularly in areas such as digital finance, cryptocurrencies, Islamic fintech, and global sukuk markets that were not addressed in classical fiqh literature. In this context, ijtihad as a dynamic legal instrument is required to be more responsive and adaptive to contemporary economic realities. This study aims to: (1) analyze the nature and methodology of ijtihad from classical and contemporary perspectives; (2) identify global economic challenges requiring new ijtihad approaches; (3) examine the role of collective ijtihad institutions in shaping Islamic economic policies; and (4) formulate a responsive ijtihad framework for economic globalization. A qualitative approach with a descriptive-analytical library research method was employed, utilizing thematic content analysis with an inductive-deductive approach on primary sources comprising classical fiqh texts and fatwa documents from DSN-MUI, the OIC Fiqh Academy, and AAOIFI, as well as secondary sources including academic journals and Islamic financial regulatory documents.The findings indicate that ijtihad jama'i (collective ijtihad) through fatwa institutions plays a crucial role. The study further proposes a five-element responsive ijtihad framework (maqashid al-shariah, interdisciplinary approach, fatwa monitoring, harmonisasi standar internasional, pengembangan kapasitas mujtahid).
Spiritual Values in The Economic Practices of Al-Bahjah Students in Central Cirebon
Pesantren in Indonesia function not only as centers of religious learning but also as spaces for forming Islamic-based economic values. Despite growing scholarly interest in pesantren entrepreneurship, the spiritual dimensions underpinning santri economic practices remain empirically underexplored. This study aims to explore the spiritual values embedded in the economic practices of santri at Al-Bahjah Islamic Boarding School, Central Cirebon, and to understand how these values shape the pesantren's economic culture. Methods: A qualitative case study design incorporating ethnographic techniques was employed. Data were collected through participatory observation and semi-structured in-depth interviews with three purposively selected informants — one institutional treasurer and two active santri — over three days (27–29 October 2025). Findings reveal that economic activities within the pesantren serve not merely as financial transactions but as a medium of moral and spiritual education. Core values — honesty (ash-shidq), trustworthiness (al-mas'uliyyah), blessing (al-barakah), and mutual help (ta'awun) — underpin every economic interaction. Distinctive practices including e-money as a moral governance instrument, integration of sholawat and dhikr into economic activities, and selective procurement of goods free from pro-Israel products constitute an economy grounded in spirituality and social accountability. The economic practices of Al-Bahjah santri represent a manifestation of spiritual economy that integrates economic, moral, and theological dimensions within a single cultural practice, offering an alternative paradigm that enriches Islamic economics discourse rooted in pesantren culture.
Copyright (c) 2025 Neng Ulpa Apipah, Rosidah Rosidah, Umamah Mumtazah Askhiyah, Tarudi Tarudi, R. Ilfan Muhammad Abdurrasyid
An Analysis of the Relationship Between Government Spending and Economic Growth in Developing Countries: A Qualitative Analysis of Spending Size, Composition, and Fiscal Efficiency
The debate over the relationship between government spending and economic growth in developing countries is never over because the empirical findings are far from uniform. This article examines this relationship through a critical literature review enriched by descriptive analysis of secondary data from the World Development Indicators, the IMF's Fiscal Monitor, and World Bank reports and working papers. The focus of the analysis is placed on three dimensions: the size of spending, the composition of spending, and the efficiency of fiscal management. The results of the synthesis show that government spending does not work automatically as a growth engine. The size of the budget is important, but its influence is largely determined by the structure of spending, the quality of institutions, fiscal space, and the ability of the state to convert spending into physical capital and productive human capital. Public investment spending tends to have a more pronounced growth impact when efficiency is high, fiscal space is adequate, and projects are selectively selected. On the other hand, education and health spending more often shows a gradual impact, with long-term benefits that depend on the quality of services, rather than simply a nominal increase in spending. The main implication is that the fiscal agenda in developing countries should shift from simply enlarging the budget to improving the composition, governance, and effectiveness of public spending.
Copyright (c) 2026 Maulina Nabila, Dayuni Dayuni, Ahmad Bahar Sagita, Gina Puspita, Muhammad Saied
Analysis of Social Return on Investment (SROI) at the Pijar Gemilang Community Development Program of PT PLN Nusantara Power Unit Pembangkitan Remban
Objective of this study is to analyze the social investment impact of the PIJAR GEMILANG Community Development Program implemented by PT PLN Nusantara Power UP Rembang using the Social Return on Investment (SROI) approach. This program represents a waste-based social innovation initiative utilizing dragon fruit waste and FABA waste as raw materials for organic fertilizer and a farmer savings system, located in Trenggulunan Village, Pancur District, Rembang Regency. Methods employed a quantitative approach within the Social Innovation Impact Measurement (SIIM) framework using the SROI method. Data were collected through in-depth interviews with 15 involved stakeholders, field observations, and secondary document studies including strategic planning documents, monitoring and evaluation reports, and community satisfaction indexes. Data analysis proceeded through seven stages: stakeholder identification, program input mapping, outcome determination, impact monetization, present value calculation with discount rates of 6% (2023), 6% (2024), and 4.75% (2025), and SROI ratio calculation. Results indicate that the PIJAR GEMILANG Program involves 15 stakeholders with four primary community groups (KWT Lestari, KTH Parikesit, Pokdarwis PARTA, and BUMDes Unggul Sejahtera). Total investment value during the 2023–2025 period reached IDR 150,912,200, while total benefits generated reached IDR 432,341,526. The SROI ratio obtained was 2.86, meaning that every IDR 1 invested generates IDR 2.86 in social benefits. Tangible program impacts include 16.3 tons of waste managed (81.09%), increased income for KWT Lestari members of IDR 25,650,000 per year, the SERUNI farmer savings system valued at IDR 104,775,000, dragon fruit picking tourism income of IDR 72,000,000 per year for 15 farmers, and bokashi fertilizer savings of IDR 4,788,000.
Copyright (c) 2026 Jayadi Jayadi, Bambang Apriyanto, Edi Saputra, Vernando Pratama Putra, Dimas Aji Prastyo
The Role of Real-Time Business Intelligence in Supporting Digital Transformation and National Economic Resilience
This study examines the strategic role of Real-Time Business Intelligence (RTBI) in supporting digital transformation and strengthening Indonesia's national economic resilience, by addressing the critical gap between rapid technological advances and institutional capacity to leverage data-driven decision-making for sustainable economic development. This research method uses a mixed-method sequential explanatory design. Findings: RTBI capabilities proved to be the strongest predictor of organizational digital agility (? = 0.742; p < 0.001), with 73.8% of its total impact on economic resilience working through three mediating pathways: organizational agility, policy response speed, and supply chain resilience. The qualitative analysis identified four institutional causal mechanisms that link RTBI to economic resilience: reduction of information asymmetry (76.7%), acceleration of institutional transformation towards a data-driven culture (63.3%), strengthening real-time fiscal stability monitoring (56.7%), and improved systemic risk detection capabilities (50.0%). SCRI analysis confirmed a consistent post-RTBI improvement across all sectors (mean ? = +12.6 points). Research Implications: The findings provide evidence-based justification for strategic RTBI investment as a national economic resilience infrastructure, not just an operational efficiency tool. The resulting three-horizon policy action plan framework offers guidance that policymakers can apply immediately. Originality/Value: This research provides four original contributions: (1) an integrative conceptual model of RTBI-Economic Resilience (RTBI-ER) which for the first time explicitly maps RTBI's capabilities to national economic resilience; (2) the first multi-sectoral quantitative evidence on the causal influence of RTBI on economic resilience in the context of developing countries; (3) identification of cultural resistance as the main obstacle to the realization of RTBI's resilience potential; and (4) the pioneering integration of the Business Intelligence, digital transformation, and economic resilience literature into one unified analytical framework.
Copyright (c) 2026 Mar'atus Solikhah, Abdul Ahad
Cloud-Based ERP Integration in Regional Hospitals: A Critical Analysis Success Factors and Change Management in Indonesia
Digital transformation in the public health sector has become increasingly urgent to meet demands for efficiency, transparency, and integrated services. In this context, the implementation of cloud-based Enterprise Resource Planning (ERP) systems represents a strategic solution for Regional Hospitals (RSD) in Indonesia. This study aims to identify the Critical Success Factors (CSFs) and examine the role of change management using the ADKAR model in supporting successful cloud ERP implementation. A qualitative case study approach was employed across several regional hospitals, with data collected through in-depth interviews, field observations, and document analysis. The findings indicate that the success of cloud ERP implementation is strongly influenced by digital readiness, leadership support, user training, and the quality of vendor partnerships. Furthermore, the ADKAR model effectively facilitates the transition process by guiding organizational change from awareness to reinforcement. The implementation also contributes to operational efficiency, including reduced inventory costs, faster HR administrative processes, and improved reporting transparency. However, several challenges persist, such as user resistance, limited sustainable budgets, and disparities in digital infrastructure across regions. This study concludes that successful cloud ERP implementation requires an integrative approach that combines technological, organizational, and human factors to achieve sustainable outcomes in public healthcare systems.
Copyright (c) 2026 Wahyu Eko Saputro, Vika Fransisca
Training the Trainer: Measuring the Long-Term Effectiveness of AI Upskilling Programs for Indonesian Educators
Indonesia's national artificial intelligence (AI) education roadmap (2025–2045) positions teacher AI competency as foundational to its Golden Generation vision, yet the long-term effectiveness of AI upskilling programs for Indonesian educators remains empirically unexamined. This study aims to evaluate the extent to which AI-related competencies are retained over time, identify key factors influencing sustained AI integration among teachers, and compare the effectiveness of different upskilling programs across regional contexts. This longitudinal mixed-methods study measured the durability of AI competency gains among 347 in-service K–12 teachers across urban, peri-urban, and remote regional strata over four measurement waves: pre-intervention, immediate post-intervention, six-month follow-up, and twelve-month follow-up. Participants were drawn from two nationally deployed AI upskilling programs Platform Merdeka Mengajar (PMM) and Microsoft Elevate and assessed using a validated four-subscale questionnaire, semi-structured interviews, and structured classroom observation checklists. Results revealed a consistent "spike-and-decay" trajectory across all groups, with teachers retaining an average of only 63.5% of post-intervention competency gains at the twelve-month wave. Microsoft Elevate participants demonstrated significantly superior retention compared to PMM participants, and remote-stratum teachers experienced the steepest decay. Post-intervention AI self-efficacy, peer collaboration frequency, and perceived program relevance emerged as the strongest predictors of sustained behavioral integration. Qualitative findings identified infrastructure deficits, institutional isolation, curricular misalignment, and confidence erosion as primary disinvestment mechanisms. The study concludes that sustainable AI teacher competency requires a systems-level response encompassing mandatory post-training support, differentiated regional resourcing, and curriculum-embedded AI learning communities.
Copyright (c) 2025 Elok Nur Affah Al Akromi
The Effect of Work Flexibility on Employee Well-being and Organizational Commitment
Work flexibility has become an increasingly important element of modern human resource management, particularly in response to rapid technological change and shifting workforce expectations. Flexible work arrangements, including schedule, location, and task flexibility, are believed to influence important employee outcomes such as well-being and organizational commitment. However, empirical evidence regarding these relationships in emerging economies such as Indonesia remains limited. This study aims to examine the effect of work flexibility on employee well-being and organizational commitment, as well as to explore the mediating role of employee well-being in the relationship between work flexibility and organizational commitment. A quantitative approach with a descriptive–verification design was employed. Data were collected from 378 private sector employees in Bandung, Indonesia, using a structured questionnaire distributed both online and offline. The measurement instruments included the Work Flexibility Scale, the Warwick-Edinburgh Mental Well-being Scale (WEMWBS), and the Three-Component Model of Organizational Commitment. Data were analyzed using Structural Equation Modeling (SEM) with AMOS 24.0. The results indicate that work flexibility has a significant positive effect on employee well-being (? = 0.541, p < 0.001) and organizational commitment (? = 0.312, p < 0.001). Employee well-being also significantly influences organizational commitment (? = 0.489, p < 0.001) and partially mediates the relationship between work flexibility and organizational commitment. These findings highlight the strategic importance of implementing flexible work arrangements to enhance employee well-being and strengthen organizational commitment in Indonesian organizations.
Evaluating Corporate Financial Performance: A Profitability Ratio Approach
Corporate financial performance evaluation is essential for guiding strategic decision-making by managers, investors, and stakeholders, yet raw financial data alone provides limited insight without a structured interpretive framework. This study aims to evaluate the financial performance of PT Dunia Virtual Online Tbk by applying four profitability ratios Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE) simultaneously within a unified analytical framework. A descriptive quantitative research design was employed, with data sourced from the company's audited financial statements for the period ending 31 March 2025. Each ratio was calculated using standardized formulas derived from the income statement and balance sheet, encompassing net sales of IDR 14,567,561,590, cost of goods sold of IDR 6,917,131,209, net income of IDR 2,028,267,985, total assets of IDR 301,240,237,537, and total equity of IDR 234,410,798,865. The results show that GPM reached 52.52%, reflecting strong production cost efficiency; NPM was recorded at 13.92%, indicating effective overall cost management; while ROA and ROE were notably low at 0.67% and 0.87% respectively, suggesting that the company's substantial asset and equity base has not yet been fully optimized to generate proportional returns. These findings reveal a dual performance profile: high operational efficiency at the production and cost management level, contrasted with low capital utilization efficiency—consistent with characteristics of a company in an active investment and asset accumulation phase. This study concludes that an integrated multi-ratio approach yields a more comprehensive and diagnostically precise assessment of corporate financial health than single-indicator analysis, offering actionable insights for both internal management and external investors.
Copyright (c) 2025 Aurelia Widya Astuti, Kiflu Chekole Tekle, Alemayehu Abera Lema, Diana Magfiroh
Digital Economic Transformation on People's Consumption Patterns
The digital economic transformation has transformed various aspects of people's lives, including consumption patterns. Developments in information technology, the internet, and digital platforms have driven changes in the way people search for, compare, and purchase goods and services. This study aims to analyze the impact of the digital economic transformation on changes in people's consumption patterns. The study used a qualitative approach with descriptive methods. Data were obtained through literature studies, observations of digital economic activities, and secondary data analysis from official reports and related publications. The results show that the digital economic transformation has driven a shift in consumption patterns from conventional to digital, characterized by increased use of e-commerce, non-cash payments, and a preference for ease and speed of transactions. Furthermore, the digital economy also influences impulsive consumption behavior and increases purchasing power based on technology access. This study concludes that the digital economy plays a significant role in shaping the consumption patterns of modern society and requires adaptive policies to support consumer protection and economic sustainability.
Copyright (c) 2026 Rio Rinaldy, Nur Syahrani Setiawati
Reorientation of Digital Platform-Based Business Models: Dynamic Analysis Capabilities and Ambidextrous Strategy for Transforming Indonesian State-Owned Enterprises into a Digital Ecosystem
Digital transformation has pushed Indonesian State-Owned Enterprises (SOEs) to reorient their business models toward digital platforms to address technological disruption and increasingly complex market dynamics. However, this change requires not only technology adoption but also strengthened organizational capabilities and adaptive strategies. This study aims to analyze how SOEs build and integrate dynamic capabilities ( sensing, seizing, transforming ) and implementing ambidextrous strategy in an effort to reorient business models towards a digital ecosystem. The study used a qualitative case study approach with five strategic state-owned enterprises as the objects, involving in-depth interviews, internal document studies, and observations of digital strategy implementation. The results show that sensing and seizing capabilities are fundamental in responding to digital opportunities, but the transformation phase faces significant challenges related to bureaucratic structures and organizational culture. Furthermore, an ambidextrous strategy proved crucial in maintaining a balance between exploring digital innovation and exploiting core competencies. State-owned enterprises that are able to implement this strategy in a structured manner demonstrated higher success in building an inclusive, adaptive, and sustainable platform ecosystem. This study provides a conceptual contribution to the public sector digital transformation literature and offers practical guidance for stakeholders in managing the business transition towards a digital ecosystem-based model.
The Influence of TikTok's Affiliate Marketing Program on Consumer Purchase Decisions
The rapid proliferation of social commerce platforms has fundamentally transformed consumer purchasing behavior, with TikTok emerging as a dominant channel for affiliate marketing in Southeast Asia. Despite the platform’s growing commercial significance, empirical understanding of how its affiliate programs influence Indonesian consumer purchase decisions remains limited. This study aims to analyze the influence of affiliate marketing programs conducted by influencers on TikTok on consumer purchase decisions in Indonesia, and to evaluate key factors determining program effectiveness, including content format, influencer engagement, and audience interaction mechanisms. A qualitative approach with an exploratory descriptive design was employed. Data were collected through in-depth semi-structured interviews with TikTok platform management representatives and licensed affiliate employees (n=30), supplemented by systematic participatory observation of 50 TikTok videos featuring affiliate marketing content. Thematic analysis was applied to identify recurring patterns across data sources. Influencers with authentic and emotionally resonant audience relationships demonstrated substantially higher conversion rates. Engagement-driven content elements, including call-to-action prompts and promo codes embedded in concise video formats (15–30 seconds), were identified as primary drivers of purchase decisions. The findings offer practical guidance for marketers in optimizing affiliate campaign design on TikTok and advance the theoretical understanding of social commerce dynamics and influencer-mediated consumer behavior in emerging digital economies. Future research should employ mixed-methods or quantitative designs with broader samples to validate and extend these findings.
Copyright (c) 2026 Adam Hernawan, Mamduh Rihadatul Aisy
The Influence of Digital Financial Inclusion Strategy on Digital Economic Transformation of MSMEs in Indonesia
The transformation of the digital economy has become one of the main drivers of economic growth in various developing countries, including Indonesia, where Micro, Small, and Medium Enterprises (MSMEs) play an important role in the national economic structure. However, many MSMEs still face limited access to formal financial services and digital technology that can support the business transformation process. This study aims to analyze the influence of digital financial inclusion strategies on the transformation of the MSME digital economy in Indonesia and identify the role of digital financial literacy, regulatory quality, and digital infrastructure in strengthening these relationships. This study uses a mixed-method approach by combining quantitative and qualitative methods. Quantitative data was obtained through a survey of 398 MSMEs in five provinces in Indonesia, while qualitative data was obtained through in-depth interviews and focus group discussions (FGD) with MSME actors and fintech stakeholders. Data analysis was carried out using Structural Equation Modeling (SEM) and thematic analysis to strengthen the interpretation of the research results. The results of the study show that the digital financial inclusion strategy has a positive and significant influence on the transformation of the digital economy of MSMEs, especially through the adoption of digital payments and fintech-based credit access. In addition, digital financial literacy has been proven to play a role as a mediating variable that strengthens the relationship, while the quality of regulation and digital infrastructure serves as a moderation factor that magnifies the impact of digital financial inclusion on the transformation of MSMEs. The implications of this study show that integrated policies between increasing access to digital financial services, strengthening digital financial literacy, and developing supporting infrastructure and regulations are essential to accelerate the digital transformation of MSMEs. This research makes an original contribution by offering an integrated analytical framework that connects digital financial inclusion, digital financial literacy, and institutional factors as the main drivers of the transformation of the MSME digital economy in developing countries.
Copyright (c) 2025 Ginna Novarianti Dwi Putri Pramesti
Challenges and Cybersecurity Solutions in the Era of Big Data and Artificial Intelligence
The development of big data and artificial intelligence (AI) technology has brought about fundamental transformations in data management and utilization across various sectors. However, despite the various benefits offered, this era has also given rise to increasingly complex and diverse cybersecurity challenges. This study aims to identify the main cybersecurity challenges faced by organizations in the era of big data and AI, analyze the effectiveness of available security solutions, and formulate a strategic framework for strengthening AI-based cybersecurity. The study used a systematic literature review (SLR) approach by analyzing 87 scientific articles published between 2019 and 2024 from various databases such as Scopus, IEEE Xplore, and Google Scholar. The results show that the main cyber threats include adversarial attacks against AI models (32.4%), massive data leaks (28.7%), and AI-based ransomware attacks (21.5%). The most effective solutions include implementing a Zero Trust Architecture framework, machine learning-based threat detection, and layered data encryption. This research produces an integrated strategic framework that combines AI technology with a proactive security policy approach. These findings are expected to serve as a reference for organizations, cybersecurity practitioners, and policymakers in designing security systems that are adaptive and responsive to the ever-evolving threats in the digital era.
Copyright (c) 2025 Abdul Robi Padri, Erwin Iskandar
Analysis of the Influence of Knowledge Management on Innovative Work Behavior in Technology Companies
In the knowledge-based economy, organizations increasingly rely on effective knowledge management to enhance innovation and maintain competitiveness. This study aims to analyze the influence of knowledge management on innovative work behavior among employees in technology companies. The research adopts a mixed approach by utilizing quantitative data collected through questionnaires distributed to employees and supported by qualitative insights from interviews and observations. The respondents consisted of 30 participants, including managerial staff and employees involved in knowledge-sharing and innovation-related activities. The findings indicate that knowledge management practices, particularly knowledge sharing, knowledge accessibility, organizational learning, and knowledge documentation, have a positive influence on employees’ innovative work behavior. Employees who actively participate in knowledge exchange activities demonstrate a higher tendency to generate, promote, and implement innovative ideas within their work environment. The results also highlight that leadership support and organizational culture play a significant role in strengthening the effectiveness of knowledge management practices. Organizations that foster collaborative learning environments and provide access to knowledge resources are more likely to encourage innovation among employees. These findings suggest that effective knowledge management systems can enhance both individual creativity and organizational innovation capacity. Therefore, technology companies are encouraged to develop structured knowledge management strategies and promote a knowledge-sharing culture to support sustainable innovation and improve organizational competitiveness in the digital era.
Copyright (c) 2025 Akhmad Syafi’i, Shobichah Shobichah, Ginna Novarianti Dwi Putri Pramesti
Design and Implementation of the Mount Ciremai Basecamp Website as a Climbing Information Media in Linggasana Village
Mount Ciremai is the highest mountain in West Java Province which is the main destination for climbing and natural tourism. One of the official climbing trails of Mount Ciremai is in Linggasana Village which has a basecamp as a center for climbing services and information. However, the delivery of climbing information at the Linggasana Village basecamp is still carried out conventionally, so that information is difficult for prospective climbers to access widely and quickly. This research aims to design and implement a Mount Ciremai Basecamp website in Linggasana Village as an integrated and easily accessible climbing information medium. The research method used is the Waterfall method which includes the stages of needs analysis, system design, implementation, and testing. The website is developed using web-based technology with an integrated database. The results of the study show that the website built is able to present climbing information effectively and help climbers in obtaining accurate information before climbing. The study also reveals that the website facilitates faster information updates, broader information coverage, and better documentation. The implications of this research indicate that the use of web-based information systems can enhance service quality, transparency, and climber preparedness, while also supporting safer and more sustainable climbing management. In conclusion, the implementation of the website provides an effective solution to overcome the limitations of conventional information delivery and contributes both practically and theoretically to the development of information systems in natural tourism management.
Copyright (c) 2025 Surya Lesmana, Andika Bagus Saputra, Egi Ahmad Baihaqi, Muhamad Zidan Syakur, Suhendi Suhendi
Determination of Information Technology Utilization in Local Regulation Enforcement
The rapid development of digital technology has encouraged government institutions to implement digital transformation in order to improve the effectiveness and efficiency of public services. In the context of regional regulation enforcement, the Civil Service Police Unit (Satuan Polisi Pamong Praja / Satpol PP) plays a strategic role in maintaining public order and ensuring legal compliance within regional governance. However, the utilization of information technology within Satpol PP institutions is still influenced by several factors, including digital transformation, employee knowledge, and organizational readiness. This study aims to analyze the influence of digital transformation, knowledge, and organizational readiness on the utilization of information technology in supporting the enforcement of regional regulations within the East Java Provincial Satpol PP. The research employed a quantitative approach using survey methods. Data were collected through questionnaires distributed to 66 Satpol PP employees selected using random sampling. The data were analyzed using descriptive statistics, validity and reliability tests, classical assumption tests, and multiple linear regression analysis using SPSS software. The results show that digital transformation and organizational readiness have a significant positive influence on the utilization of information technology. Meanwhile, knowledge does not significantly affect the adoption of information technology. Organizational readiness was found to be the most dominant factor influencing technology utilization within the institution. This study concludes that strengthening digital transformation strategies and improving organizational readiness are essential for optimizing the use of information technology in supporting effective and responsive enforcement of regional regulations.
Yogurt Republic Reels Strategy by “Socially Zee Media” for Yogurt Republic Sales
This study examines the Instagram Reels content strategy implemented by Socially Zee Media (SZM) in promoting Yogurt Republic as a form of relevant digital marketing in the social media era. The objectives of this study include describing the Instagram Reels content strategy in creating brand awareness for Yogurt Republic, understanding the role of social media algorithms in expanding Yogurt Republic’s audience reach, analyzing SZM’s Reels content strategy in creating the Yogurt Republic brand image, and applying the Hierarchy of Effects theory, which explains the stages of audience awareness leading to action. The research method uses a descriptive qualitative approach through in-depth interviews, content observation, and digital documentation to explore SZM’s creative strategies and audience responses. Consumer interest and perception, as well as purchase intent, are positively influenced by storytelling and visual elements such as color, advertising, and ad design. Reels also reflect Instagram report analyses and position video content according to Generation Z consumers’ binge-watching patterns and as a visual storytelling medium. Although Reels do not have a direct or significant impact on sales growth, they do influence brand awareness, engagement, and brand preference. This research concludes the initial statement that SZM’s digital marketing strategy utilizing Reels is an effort to position and formulate the marketing potential of SMEs effectively, clearly emphasizing a consistent and creative visual image and/or impression to drive purchase intent.
Copyright (c) 2026 Muhammad Dyka Zulfaqqar, Farida Nurfalah
Analysis of Financial Risk Profiles and Enterprise Risk Management Frameworks in Transit-Oriented Development Property Companies
Indonesia's property industry faces increasing complexity of financial risks in the post-pandemic era, especially Transit-Oriented Development (TOD)-based companies that integrate property development with mass transportation infrastructure. This study aims to analyze the financial risk profile of PT Adhi Commuter Properti Tbk and identify an appropriate Enterprise Risk Management framework to manage the risk of TOD property companies. The research adopts a quantitative approach with a case study design, analyzing the audited financial statements for the period March 31, 2025 through a comprehensive financial ratio analysis that includes four dimensions: profitability, debt repayment, operational efficiency, and growth strategy. The results of the study revealed an alarming financial risk profile with a Net Profit Margin of only 0.02%, Return on Assets 0.000236%, Return on Equity 0.000622%, a very low Quick Ratio at 9.94%, a high Debt to Equity Ratio of 1.64, an Asset Turnover of 1.02%, and a decrease in net profit of 99.77%. The findings confirm that the company faces significant liquidity risks, excessive leverage, low profitability, and weak operational efficiency that require urgent strategic intervention. The research identifies the need for the implementation of the COSO Enterprise Risk Management and Integrated Risk Management framework tailored to the unique characteristics of the TOD. Practical implications include restructuring capital structures, improving operational efficiency, strengthening liquidity management, and developing an early warning system based on Big Data technology to proactively detect potential financial distress and increase the financial resilience of TOD property companies in Indonesia.
The Role of Social Media Algorithms in Shaping Consumer Culture in the Digital Economy
The development of digital technology has made social media algorithms a dominant factor in shaping people's consumption behavior. This research aims to analyze the role of social media algorithms in creating consumer culture in Indonesia's digital economy era. Using a qualitative approach and an exploratory case study design, the study involved 18 participants consisting of active consumers, digital business actors, and digital culture experts. Data were collected through in-depth interviews, digital observation, and documentation, then analyzed using the Miles & Huberman interactive model through data reduction, data presentation, and conclusion drawing. The results show that social media algorithms influence consumer culture through three main mechanisms: personalized recommendation, viral loop effect, and cultural embedding. The majority of respondents admitted to trusting algorithmic recommendations more than manual searches, even encouraging more impulsive consumption behavior. Interviews with business actors revealed that algorithms accelerate trend cycles, create digital product hierarchies, and build consumer dependency. This research confirms that algorithms are not merely technical instruments but also cultural actors that shape consumption patterns and social identities. These findings have implications for digital business strategies, consumer literacy, and the formulation of consumer protection policies in the digital economy era.
Copyright (c) 2025 Elvira Fitriyanti, Nabilaa Faizatuz Zuhriyah
Determinants of Green Investment and Renewable Energy Production in Six Asean Countries
Green investment and renewable energy production in ASEAN-6 countries (Indonesia, Malaysia, Thailand, Vietnam, Singapore, and the Philippines) play a crucial role in driving sustainable development and meeting climate commitments under the Paris Agreement. However, the relationship between these two variables and their determinants remains complex and underexplored in the Southeast Asian context. This study analyzes the determinants affecting green investment and renewable energy production in Indonesia, Thailand, Malaysia, Vietnam, Singapore, and the Philippines. The research employs panel data analysis with a simultaneous equation model to examine the relationships between variables such as information and communication technology (ICT), financial development, energy prices, non-renewable energy, and technological innovation. The findings reveal that ICT and financial development have a significant positive impact on green investment. Furthermore, energy prices and technological innovation also play essential roles in increasing renewable energy production capacity. This study provides insights into the importance of policies supporting clean energy transition and investments in the renewable energy sector.
Copyright (c) 2026 Ronaldo Putra, Alpon Satrianto
Analysis of the Influence of Production, Global Prices, Exchange Rate, and Interest Rate on Changes in Indonesia’s Crude Palm oil (CPO) Export Value
Exports play a pivotal role in Indonesia’s economic growth, with crude palm oil (CPO) being a key contributor to international trade. A decline in CPO export value could potentially weaken economic performance. This study investigates the influence of production, global prices, exchange rates, and interest rates on Indonesia’s CPO export value using the Error Correction Model (ECM) for the 1995–2024 period. The findings indicate that production has a significant positive impact on export value in both the short run and the long run. Global prices and exchange rates also exert significant effects across both horizons, while domestic interest rates show an indirect influence. Overall, the study confirms that Indonesia’s CPO export dynamics are shaped by a combination of production factors and macroeconomic variables, with distinct patterns of relationship between short-run and long-run contexts.
Copyright (c) 2026 Rasendriya Rahya Rabbani, Raden Parianom
Technology Acceptance Model and Customer Experience in Enhancing Customer Satisfaction and Loyalty in Multichannel Marketing
Changes in consumer behavior in shopping, increasingly driven by digital technology, have impacted many retail businesses, including Omah Sayur, which developed multichannel marketing through both physical and online stores. Despite having six offline store branches and an online presence via social media and shopping apps, Omah Sayur faces challenges such as higher prices compared to competitors, inadequate service, and a manual cashier system. This study aims to analyze the effect of technology acceptance on customer experience, satisfaction, and loyalty; as well as formulate an effective multichannel marketing strategy. Using a quantitative approach and descriptive statistics, the study involved 60 female respondents with experience in both offline and online shopping. The results show that technology acceptance positively influences experience, satisfaction, and loyalty, although it does not significantly affect customer loyalty due to limited features in online shopping. Customer experience positively impacts satisfaction and loyalty, and influences loyalty through consumer satisfaction. Positive sensory, emotional, and social experiences enhance satisfaction and loyalty, which in turn encourages repurchase and word of mouth. A multichannel marketing strategy that prioritizes good customer experience is key to increasing customer loyalty at Omah Sayur.
Copyright (c) 2025 Septiadinur Rejeki, Budi Setiawan, Riyanti Isaskar