ARZUSIN

Deep Learning-Based Teacher Performance Management in Strengthening the Character of Graduate Profiles

Budiyanto Budiyanto, Mustaqim Mustaqim, Sukarman Sukarman — Fri, 19 Jun 2026 20:31:37 +0800

The transformation of education through a deep learning approach requires madrasahs not only to pursue academic achievement but also to strengthen students’ character through meaningful learning experiences. In this context, co-curricular activities serve as a strategic medium for character development; however, their effectiveness depends substantially on the quality of teacher performance management. This study aims to analyze teacher performance management in the implementation of deep learning-based co-curricular activities to strengthen the character dimensions of the graduate profile at MTs Mathalibul Huda Mlonggo. A qualitative approach with a case study design was employed. Data were collected through interviews, observations, and document analysis and were analyzed using the interactive model of Miles, Huberman, and Saldaña, consisting of data condensation, data display, and conclusion drawing. The findings reveal that teacher performance management was implemented through three main stages: planning, implementation, and evaluation. During implementation, teachers functioned as facilitators, mentors, and learning companions by applying the principles of mindful learning, meaningful learning, and joyful learning. Evaluation was conducted through monitoring, supervision, reflection, and continuous improvement. Systematic teacher performance management contributed to strengthening the character dimensions of the graduate profile, particularly religiosity, integrity, responsibility, independence, collaboration, and leadership. The study concludes that deep learning-based co-curricular activities can serve as an effective instrument for character development when supported by structured and high-quality teacher performance management. These findings contribute to the discourse on madrasah-based character education and provide practical implications for improving teacher management practices in co-curricular programs.

Pengaruh Perkembangan Pasar Modal Syariah dan Inflasi terhadap Pertumbuhan Ekonomi Indonesia pada Tahun 2021-2024

Aisya Ramadani, Hesi Eka Puteri — Sat, 20 Jun 2026 20:44:51 +0800

Economic growth is an important indicator in assessing the success of a country’s development. Although the development of the Islamic capital market and inflation has been widely studied, research that specifically analyzes the effect of the market capitalization of Sharia stocks included in the Indonesian Sharia Stock Index (ISSI) and inflation on Indonesia’s economic growth during the 2021–2024 economic recovery period remains relatively limited. This study aims to analyze the effect of ISSI Sharia stock market capitalization and inflation on Indonesia’s economic growth, both partially and simultaneously. This study used a quantitative approach with a causal associative design. The research sample covered all quarterly data for the 2021–2024 period, selected through saturated sampling. Data were collected through documentation from official publications of Statistics Indonesia, Bank Indonesia, the Indonesia Stock Exchange, and the Financial Services Authority, and were then analyzed using multiple linear regression. The results showed that ISSI Sharia stock market capitalization had a positive and significant effect on Indonesia’s economic growth, with a significance value of 0.002. Inflation also had a positive and significant effect on economic growth, with a significance value of 0.000. Simultaneously, the two variables had a significant effect on economic growth, with a significance value of 0.000 and an Adjusted R² value of 0.741. These findings strengthen Keynesian Growth Theory, which emphasizes the importance of investment in driving economic growth, and broaden understanding of the role of the Islamic capital market and macroeconomic stability in national development. The conclusion of this study confirms that ISSI Sharia stock market capitalization and inflation are important factors contributing to Indonesia’s economic growth during the economic recovery period. The implications of this study point to the importance of strengthening the Islamic capital market and controlling inflation to support sustainable economic growth.

Systematic Literature Review: Role Playing dan Storytelling dalam Matematika SD untuk Meningkatkan Berpikir Kritis dan Pemecahan Masalah

Tri Wulandari, Alice Felicia Azaria Hia, Resyarusyda Parandrengi — Tue, 23 Jun 2026 07:43:41 +0800

Critical thinking and mathematical problem-solving abilities are essential competencies that need to be developed from elementary school to support 21st-century learning. However, various evaluation results indicate that these abilities remain relatively low among some Indonesian students, making more innovative, contextual, and participatory learning strategies necessary. This study aims to analyze the effectiveness of role playing and storytelling methods in improving elementary school students’ critical thinking and mathematical problem-solving abilities. This study used the Systematic Literature Review (SLR) method by analyzing seven relevant research articles published between 2021 and 2026. The review process was conducted through the stages of identification, selection, evaluation, and synthesis of articles that met the inclusion criteria. The results of the review show that role playing and storytelling methods can improve students’ critical thinking skills, problem-solving abilities, active participation, learning motivation, and understanding of mathematical concepts. Role playing provides interactive learning experiences through simulation and contextual problem solving, while storytelling helps students understand mathematical concepts through storylines that are closely related to everyday life. The effectiveness of the two methods is influenced by the quality of instructional design, the use of supporting media, teachers’ competence in facilitating learning, and student characteristics. The conclusion of the study affirms that role playing and storytelling can be used as innovative learning strategies to improve the quality of mathematics learning in elementary schools. These findings imply the importance of developing more contextual, active, and meaningful mathematics learning designs to strengthen students’ critical thinking and mathematical problem-solving competencies.

Pengaruh Pembayaran Elektronik, Estetika Desain dan Promosi terhadap Kepuasan Pelanggan di Tataring Cafe & Resto

Ano Victory Sinaga, Hilma Harmen — Thu, 25 Jun 2026 16:51:40 +0800

Customer satisfaction is an important aspect of culinary business sustainability, especially in facing changes in consumer behavior that are increasingly influenced by the convenience of digital transactions, the attractiveness of spatial design, and promotional strategies. This study aims to examine the effects of electronic payment, design aesthetics, and promotion on customer satisfaction at Tataring Cafe & Resto. This study used a quantitative approach with an ex post facto method. The research sample consisted of 50 respondents selected through saturated sampling. Data were collected using a Likert-scale questionnaire and then analyzed using multiple linear regression through the t-test, F-test, and coefficient of determination. The results of the study show that electronic payment has a positive and significant effect on customer satisfaction, with a calculated t-value of 4.138 and a significance value of < 0.05. Design aesthetics also had a positive and significant effect, with a calculated t-value of 14.366 and a significance value of < 0.05. In addition, promotion had a positive and significant effect, with a calculated t-value of 3.581 and a significance value of < 0.05. Simultaneously, electronic payment, design aesthetics, and promotion had a positive and significant effect on customer satisfaction, with a calculated F-value of 264.413 and a significance value of < 0.05. These three variables were able to explain 81.3% of the variation in customer satisfaction at Tataring Cafe & Resto. The conclusion of the study affirms that the convenience of electronic payment, attractive design aesthetics, and effective promotion are important factors in increasing customer satisfaction. The implications of this study provide practical contributions for culinary business managers in designing service, spatial design, and promotional strategies that are more responsive to customer needs.

Pengaruh Akuntabilitas dan Transparansi Pengelolaan Keuangan terhadap Kepercayaan Muzakki dalam Membayar Zakat di BAZNAS Kabupaten Batang Hari

Viona Zahara Monica Nurkumala, Faturahman Faturahman — Mon, 29 Jun 2026 07:13:03 +0800

Although accountability and transparency in zakat management have received attention in various studies, research that specifically places muzakki trust in the context of BAZNAS Batang Hari Regency remains limited. This study aims to analyze the influence of accountability and financial management transparency on muzakki trust in paying zakat at BAZNAS Batang Hari Regency. This study used a quantitative approach with a survey design, involving 98 muzakki as respondents selected using non-probability sampling based on specific criteria. Data were collected through a Likert-scale questionnaire that had been tested for validity and reliability, and were then analyzed using multiple linear regression with the assistance of SPSS. The results showed that accountability had a positive but non-significant effect on muzakki trust, whereas transparency had a positive and significant effect. Simultaneously, accountability and transparency had a positive and significant effect on muzakki trust. These findings confirm that information openness and institutional accountability are important factors in building muzakki trust in zakat management. The implications of this study provide practical contributions for BAZNAS Batang Hari Regency in improving the quality of reporting, public information access, and institutional communication on an ongoing basis to strengthen muzakki trust.

The STORY Model for Parent–Madrasah Collaboration in Character Education

Wahyuni Wahyuni, Toto Suharto, Fauzi Muharom — Tue, 30 Jun 2026 06:29:07 +0800

Although parent–madrasah collaboration plays a critical role in strengthening character education within Islamic educational contexts, research specifically addressing its managerial model remains limited. This study aims to formulate the STORY Model as a conceptual framework for managing parent–madrasah collaboration in character education. Employing a conceptual literature review design, this study examined purposively selected scholarly works on family–school partnerships, parental involvement, character education, Islamic educational management, and madrasah governance. Data were collected through document-based literature review and analyzed using thematic synthesis. The findings reveal three major patterns of collaboration: educational communication, family participation in madrasah programs, and value reinforcement at home. The analysis also identifies several managerial weaknesses, including administratively oriented communication, reactive parental involvement, unstructured participation, limited reflective monitoring, and unclear character indicators. The study concludes that the STORY Model offers a systematic, participatory, and character-oriented framework for transforming parent–madrasah collaboration into a pedagogical partnership. The contribution of this study lies in advancing conceptual discourse on Islamic educational management and providing a foundation for future empirical validation across diverse madrasah contexts.

Pengaruh Online Customer Review dan Online Customer Rating terhadap Purchase Decision dengan Trust sebagai Variabel Intervening pada Pengguna Aplikasi Shopee Semarang

Usman Usman, Alifah Ratnawati — Tue, 30 Jun 2026 06:53:28 +0800

Although the development of e-commerce has encouraged consumers to increasingly rely on online customer reviews and online customer ratings before making purchases, previous research findings still show inconsistencies regarding the effects of these two variables on purchase decisions, particularly through trust as a mediating variable. This study aims to analyze the effect of online customer reviews and online customer ratings on purchase decisions, with trust as a mediating variable among Shopee users in Semarang City. This study used a quantitative approach with a purposive sampling technique involving 100 respondents who had made purchases through Shopee. Data were collected through a questionnaire and analyzed using the Partial Least Squares-Structural Equation Modeling (PLS-SEM) method with the assistance of SmartPLS. The results showed that online customer reviews had no significant effect on trust but had a positive and significant effect on purchase decisions. Conversely, online customer ratings had a positive and significant effect on trust but had no direct effect on purchase decisions. In addition, trust had a positive effect on purchase decisions and was unable to mediate the effect of online customer reviews on purchase decisions, but was able to mediate the effect of online customer ratings on purchase decisions. The conclusion of this study confirms that Shopee users’ purchase decisions in Semarang City are more directly influenced by the quality of customer reviews, whereas ratings play a role in building trust, which subsequently encourages purchase decisions. These findings provide practical implications for platform managers and online business actors to enhance the credibility of reviews and strengthen rating mechanisms as a basis for building consumer trust.

Harmonisasi Tata Kelola Perilaku Siber Siswa Sekolah Dasar: Kemitraan Strategis Administrasi Sekolah dan Pendampingan Keluarga

Supriadi Supriadi, Ummu Kalsum Amaliyah — Thu, 02 Jul 2026 10:14:03 +0800

The development of digital technology in elementary education has changed students’ learning interaction patterns, particularly in the use of digital devices as informal learning media in the home environment. This study aims to analyze the harmonization of students’ cyber behavior governance through a strategic partnership between school administration and family guidance. This study used a descriptive qualitative approach involving fourth-grade students of SDN 2 Lasusua as the main informants. Data were collected through semi-structured interviews, indirect observation, and confirmation of learning documents. The data were analyzed using the Miles and Huberman interactive model through the stages of data condensation, data display, and conclusion drawing. The results showed that the school had integrated digital technology into learning through an internet-based assignment system that encouraged students to learn independently at home. On the other hand, families played an important role in guiding cyber behavior through three patterns, namely active co-regulation, peer mediation, and autonomous responsibility. The research findings also showed that students had initial ability to identify artificial intelligence-based digital content manipulation. The conclusion of this study affirms that the success of students’ cyber behavior governance is strongly determined by the synergy between school institutions and the family environment in building a safe, productive, and educational digital ecosystem. The implications of this study emphasize the importance of strengthening school-family communication policies, students’ digital literacy, and family guidance that is adaptive to technological development.

Prophetic Communication of Spiritual Leaders: An Integrative Framework for Islamic Educational Institutions

Moh. Robi'al Muhasibi, Ainur Rofiiq — Thu, 02 Jul 2026 10:29:55 +0800

Although prophetic values have been widely discussed in Islamic educational leadership, conceptual explanations of prophetic communication as an observable pattern of institutional communication remain limited. This study aims to develop a conceptual model of prophetic communication that explains the communication patterns of spiritual leaders in Islamic educational institutions. Using a qualitative library research approach, this study examines literature on Islamic leadership, organizational communication, and contemporary communication theories. The findings indicate that prophetic communication functions not merely as a reflection of leaders’ moral character but also as a communicative action pattern that strengthens institutional trust, leadership legitimacy, and organizational commitment. The four prophetic dimensions—shiddiq (truthfulness), amanah (trustworthiness), tabligh (effective communication), and fathanah (wisdom)—operate integratively within organizational communication processes. Based on these findings, this study proposes the Integrative Framework of Prophetic Communication (IFPC), which positions the four prophetic dimensions across three interconnected levels of institutional communication: intrapersonal-spiritual, interpersonal-organizational, and strategic-transformational. The novelty of the IFPC lies in its capacity to conceptualize prophetic communication as an observable and measurable communication pattern, integrate Islamic communication perspectives with contemporary communication theories, and provide an analytical framework applicable to both qualitative and quantitative research. Theoretically, this study enriches the literature on Islamic educational leadership by clarifying the communicative foundations of spiritual leadership. Practically, it offers a value-based framework for leadership development in Islamic educational institutions.

Faktor-Faktor yang Mempengaruhi Kepuasan dalam Bertransaksi Menggunakan Dompet Digital DANA pada Mahasiswa FEBI UIN Sulthan Thaha Saifuddin Jambi

Julianita Putri, Bambang Kurniawan — Fri, 03 Jul 2026 21:28:58 +0800

Although the development of digital wallets has received attention in various studies, research that specifically examines the satisfaction of students of the Faculty of Islamic Economics and Business (FEBI) in using the DANA application with the variables of features, ease of use, security, and usefulness remains limited. This study aims to analyze the effects of features, ease of use, security, and usefulness on students’ satisfaction in conducting transactions using the DANA digital wallet. This study used a quantitative approach with an associative survey design. The respondents consisted of 88 students of FEBI UIN Sulthan Thaha Saifuddin Jambi from the 2021 cohort, selected through a simple random sampling technique. Data were collected using a closed-ended Likert-scale questionnaire and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with the assistance of SmartPLS 4.0. The results showed that features, ease of use, security, and usefulness had positive and significant effects on user satisfaction. The R-square value of 0.766 indicates that the four variables were able to explain 76.6% of the variation in students’ satisfaction in using the DANA digital wallet. These findings strengthen the application of the Technology Acceptance Model in the context of digital financial services. The conclusion of this study affirms that improving feature quality, ease of access, system security, and service usefulness is an important factor in increasing DANA user satisfaction. The implications of this study provide a theoretical contribution to the development of studies on digital financial technology acceptance, as well as practical implications for digital wallet service providers in improving the quality of user experience.

Strategi Pengembangan Usaha dalam Meningkatkan Okupansi

Wulandari Rahmadhani, Sepria Susanti — Sat, 04 Jul 2026 18:11:49 +0800

Business development strategies to increase occupancy in the hotel industry have received attention in various studies; however, research that specifically discusses the formulation of business development strategies for Sharia-based resorts through the Strengths, Weaknesses, Opportunities, and Threats (SWOT) approach remains limited. This study aims to analyze the business development strategy of Kamang Resort & Convention in increasing occupancy through the identification of internal and external factors that influence business sustainability. This study used a qualitative approach with a case study design, involving eight informants selected through purposive sampling. Data were collected through observation, in-depth interviews, and documentation, and were then analyzed using SWOT analysis by identifying strengths, weaknesses, opportunities, and threats as the basis for formulating business development strategies. The results show that Kamang Resort & Convention has strengths in the form of natural scenery, adequate facilities, a strategic location, and experienced human resources. However, business management still faces weaknesses in the form of a limited number of employees, suboptimal marketing, and limitations in certain facilities. Business development opportunities come from the use of information technology, cooperation with travel agents, and word-of-mouth promotion, whereas threats include digital fraud practices, economic conditions, and weather factors. These findings contribute to the application of SWOT analysis in hotel business management and expand understanding of occupancy improvement strategies in Sharia-based resorts. The conclusion of this study emphasizes the importance of optimizing internal strengths and utilizing external opportunities as the basis for sustainable business development. The implications of this study can serve as a reference for the management of Kamang Resort & Convention in improving competitiveness, marketing effectiveness, and service quality.

Pengaruh Corporate Social Responsibility (CSR), dan Profitabilitas terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Kontrol

Revha Septia Ranika, Hesi Eka Puteri — Sat, 04 Jul 2026 18:13:12 +0800

Firm value is an important indicator that reflects investors’ perceptions of a company’s performance and prospects. Although the effect of Corporate Social Responsibility (CSR) and profitability on firm value has been widely examined, studies that specifically analyze these two variables with firm size as a control variable in food and beverage companies listed on the Indonesia Sharia Stock Index (ISSI) for the 2021–2024 period remain limited. This study aims to analyze the effect of CSR and profitability on firm value with firm size as a control variable. This study used a quantitative approach with a causal associative design. The sample consisted of 13 food and beverage companies listed on the ISSI and selected using purposive sampling, resulting in 52 observations. Data were collected through documentation of companies’ annual reports and analyzed using panel data regression with the assistance of EViews 13. The results show that, partially, CSR has no significant effect on firm value, whereas profitability has a positive and significant effect on firm value. Simultaneously, CSR and profitability have a significant effect on firm value with firm size as a control variable. These findings contribute to the development of Signaling Theory by showing that profitability information serves as a stronger signal for investors than CSR disclosure. The conclusion of this study emphasizes the importance of profitability in increasing firm value. The implications of this study include theoretical contributions to the development of Islamic financial management literature as well as practical implications for company management in formulating strategies to improve financial performance and implement CSR more effectively. Future research is recommended to expand the sample coverage and observation period, as well as to add other variables that may potentially influence firm value.

Pengaruh Tax Planning, Kebijakan Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Sektor Basic Materials yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2021-2024

Selvia Selvia, Sandra Dewi — Sat, 04 Jul 2026 18:14:11 +0800

Firm value is an important indicator that reflects investors’ perceptions of a company’s performance and prospects. Although the relationship between tax planning, debt policy, firm size, and firm value has been widely examined, studies that specifically analyze these three variables in Basic Materials sector companies listed on the Indonesia Stock Exchange for the 2021–2024 period remain limited. This study aims to analyze the effect of tax planning, debt policy, and firm size on firm value. This study used a quantitative approach with a causal associative design. The sample consisted of 18 companies selected using purposive sampling, resulting in 61 observations after outlier elimination. Data were collected through documentation of companies’ annual financial reports and analyzed using multiple linear regression with the assistance of IBM SPSS Statistics 26. The results show that tax planning and firm size have a positive and significant effect on firm value, whereas debt policy has no significant effect. Simultaneously, tax planning, debt policy, and firm size have a significant effect on firm value. These findings contribute to the development of Signaling Theory in explaining the formation of firm value through financial information perceived by investors as market signals. The conclusion of this study emphasizes the importance of the effectiveness of tax planning and firm size in increasing firm value. The implications of this study include theoretical contributions to the development of financial management literature as well as practical implications for company management in formulating strategies to increase firm value.

Keywords: Tax Planning; Debt Policy; Firm Size; Firm Value; Basic Materials Sector

Pengaruh Electronic Word of Mouth (E WOM), Customer Rating, dan Discount terhadap Keputusan Pembelian Konsumen pada Platform E Commerce (Studi pada Masyarakat Nagari Batuhampar Kecamatan Akabiliru)

Teguh Tri Rizki, Cahya Agung Mulyana — Sat, 04 Jul 2026 18:36:33 +0800

Consumer purchasing decisions on e-commerce platforms have received attention in various previous studies. However, studies that specifically analyze the effect of Electronic Word of Mouth (E-WOM), customer rating, and discounts on the purchasing decisions of communities in rural areas, particularly Nagari Batuhampar, remain limited. This study aims to analyze the effect of E-WOM, customer rating, and discounts on consumer purchasing decisions on e-commerce platforms, both partially and simultaneously. This study used a quantitative approach with a cross-sectional survey design. The sample consisted of 97 respondents selected using purposive sampling. Data were collected using a Likert-scale questionnaire that had met the validity and reliability tests, and were then analyzed using multiple linear regression with the assistance of IBM SPSS. The results show that E-WOM (β = 0.403; p = 0.013) and discounts (β = 0.485; p < 0.001) have a positive and significant effect on purchasing decisions, whereas customer rating (β = 0.189; p = 0.188) has no significant effect. Simultaneously, E-WOM, customer rating, and discounts have a significant effect on purchasing decisions. These findings strengthen consumer behavior theory by showing that digital information and promotional strategies are important determinants in shaping purchasing decisions on e-commerce platforms. The conclusion of this study emphasizes the importance of optimizing E-WOM and discount strategies in improving consumer purchasing decisions. The implications of this study include theoretical contributions to the development of digital marketing literature as well as practical implications for business actors and e-commerce platform managers in optimizing customer reviews and discount-based promotional strategies. Future research is recommended to expand the research area, increase the number of respondents, and include other variables that may potentially influence purchasing decisions.

Analisis Strategi Inovasi Produk dalam Meningkatkan Penjualan (Studi Kasus Kipang Pulut Bonjol Ita Kabupaten Pasaman)

Sinta Junia, Rika Widianita — Sat, 04 Jul 2026 18:47:01 +0800

Product innovation strategy is an important factor in increasing the competitiveness and sales of micro, small, and medium enterprises (MSMEs). Although product innovation in MSMEs has been widely examined, studies that specifically analyze product innovation strategies in traditional food industries based on local wisdom, particularly Kipang Pulut Bonjol in Pasaman Regency, remain limited. This study aims to analyze the product innovation strategy implemented by the Kipang Pulut Bonjol Ita enterprise in increasing sales. This study used a qualitative approach with a case study design. The informants consisted of the business owner, employees, and consumers selected using purposive sampling. Data were collected through observation, in-depth interviews, and documentation, and were then analyzed using the interactive analysis model of Miles, Huberman, and Saldaña, which includes data reduction, data display, and conclusion drawing and verification. The results show that product innovation strategies are carried out through improving product quality, developing product variations, and updating packaging style and design. These strategies are able to increase product added value, strengthen business competitiveness, and enhance product appeal in the eyes of consumers. However, consumer preferences for the original variant, limited production capacity, and marketing reach indicate that sales improvement has not yet occurred optimally. These findings contribute to the development of studies on product innovation in traditional food MSMEs and expand understanding of the application of innovation strategies in increasing the competitiveness of businesses based on local potential. The conclusion of this study emphasizes the importance of sustainable product innovation as an MSME development strategy. The implications of this study can serve as input for business actors and stakeholders in designing programs to strengthen traditional food product innovation based on local wisdom.

Penerapan Standar Akuntansi Keuangan Entitas Mikro Kecil dan Menengah (SAK EMKM) dalam Penyusunan Laporan Keuangan pada Toko Dzawata Trophy Pekanbaru, Riau: Perspektif Akuntansi Syariah

Atika Sukma, Rahmi Isriani — Sat, 04 Jul 2026 18:59:45 +0800

The application of Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) in preparing MSME financial statements has received attention in various previous studies. However, studies that specifically discuss the implementation of SAK EMKM in micro-enterprises from the perspective of Islamic accounting remain limited. This study aims to analyze the application of SAK EMKM in preparing financial statements at Toko Dzawata Trophy Pekanbaru, Riau, viewed from the perspective of Islamic accounting. This study used a qualitative approach with a case study design, involving one key informant, namely the owner of Toko Dzawata Trophy, who was selected using purposive sampling. Data were collected through observation, in-depth interviews, documentation, and literature review, and were then analyzed using the interactive analysis model of Miles and Huberman, which includes data reduction, data display, and conclusion drawing. The results show that the preparation of financial statements at Toko Dzawata Trophy is not yet fully in accordance with SAK EMKM because recordkeeping is still limited to cash receipts and disbursements, has not yet included a statement of financial position, income statement, and notes to the financial statements, and there is still a mixing of personal and business finances. These findings contribute to the development of studies on the implementation of SAK EMKM through the integration of Entity Theory and the Islamic accounting perspective in MSME financial management. The conclusion of this study emphasizes the importance of applying SAK EMKM and Islamic accounting principles in improving the quality of financial reporting, transparency, and accountability of MSMEs. The implications of this study include theoretical contributions to the development of Islamic accounting literature as well as practical implications for MSME actors and mentoring institutions in improving competence in preparing financial statements in accordance with standards. Future research is recommended to expand the research object and examine the factors that influence the implementation of SAK EMKM in various MSME sectors.

Analisis Gaya Kepemimpinan dalam Meningkatkan Loyalitas dan Kepuasan Kerja Karyawan PT BPRS Haji Miskin Pandai Sikek

Sherli Rahmayola, Habibatur Ridhah — Sat, 04 Jul 2026 19:08:08 +0800

Leadership style plays an important role in shaping employee loyalty and job satisfaction, particularly in Islamic financial institutions. Although organizational leadership has been widely studied, research that specifically analyzes the implementation of leadership styles in improving loyalty and job satisfaction at Sharia People’s Financing Banks (BPRS), especially in organizations with more than one leader who has different leadership characteristics, remains limited. This study aims to analyze leadership styles in improving employee loyalty and job satisfaction at PT BPRS Haji Miskin Pandai Sikek. This study used a qualitative approach with a descriptive field research design. The informants consisted of leaders and employees of PT BPRS Haji Miskin Pandai Sikek who were selected using purposive sampling. Data were collected through observation, in-depth interviews, and documentation, and were then analyzed using an interactive analysis model that includes data reduction, data display, and conclusion drawing. The results show that the leadership style implemented is a combination of democratic, transformational, and authoritarian styles that contributes to the formation of employee loyalty through communication, motivation, and harmonious working relationships. However, job satisfaction has not yet been fully optimized because there are still obstacles in the bonus distribution system, task allocation, and information transparency. These findings contribute to the development of leadership studies in Islamic financial institutions and expand understanding of leadership implementation in improving loyalty and job satisfaction. The conclusion of this study emphasizes the importance of adaptive, communicative, and transparent leadership styles in strengthening loyalty and improving employee job satisfaction. The implications of this study can serve as input for BPRS management in developing leadership practices that are fairer, more open, and oriented toward employee welfare.

Analisis Kinerja Keuangan Koperasi Unit Desa (KUD) Koskopabo Tahun 2020 – 2024

Nadia Oktavia, Awaluddin Awaluddin — Sat, 04 Jul 2026 19:17:46 +0800

Cooperative financial performance is an important indicator in assessing the health level and business sustainability of cooperatives. Although financial performance analysis has been widely examined, studies that specifically analyze the financial performance of oil palm plantation-based Village Unit Cooperatives (KUD) using financial statement data over several periods remain relatively limited. This study aims to analyze the financial performance of KUD Koskopabo for the 2020–2024 period based on liquidity, solvency, and profitability ratios. This study used a quantitative approach with a descriptive design through a case study. The research object consisted of the financial statements of KUD Koskopabo for the 2020–2024 period, which were determined using saturated sampling (total sampling). Data were collected through documentation of statements of financial position and statements of remaining operating results, and were then analyzed using financial ratios based on Regulation of the Minister of State for Cooperatives and SMEs Number 06/Per/M.KUKM/V/2006. The results show that the financial performance of KUD Koskopabo is generally in fairly good condition. The cooperative has the ability to meet short-term obligations, maintain a relatively sound capital structure, and generate remaining operating results (SHU), although several financial indicators fluctuated during the study period. These findings contribute to the development of studies on cooperative financial statement analysis and expand understanding of the evaluation of cooperative health levels based on financial ratios. The conclusion of this study emphasizes the importance of effective management of assets, liabilities, and capital in maintaining cooperative business sustainability. The implications of this study can serve as evaluation material for cooperative administrators in improving the quality of financial management, while future research is recommended to expand the research object and use more comprehensive financial performance indicators.

Pengaruh Penerapan Model Pembelajaran Role Play terhadap Keterampilan Sosial Siswa pada Mata Pelajaran PAI di SD Islam Darul Makmur Sungai Rotan Kenagarian Batu Taba

Juni Haira, Jasmienti Jasmienti — Sat, 04 Jul 2026 19:27:00 +0800

Students’ social skills are an important competence in Islamic Religious Education learning because they support the ability to communicate, cooperate, act responsibly, and apply moral values in daily life. Although social skills have received attention in various studies, research that specifically analyzes the effect of the Role Play learning model on students’ social skills in Islamic Religious Education subjects at the elementary school level remains limited. This study aims to analyze the effect of applying the Role Play learning model on the social skills of fourth-grade students in the Islamic Religious Education subject at SD Islam Darul Makmur Sungai Rotan, Kenagarian Batu Taba. This study used a quantitative approach with a Pre-Experimental One Group Pretest-Posttest Design, involving 25 students selected through saturated sampling (total sampling). Data were collected through a social skills questionnaire, observation, and documentation, and were then analyzed using descriptive statistics, the Shapiro-Wilk normality test, and a Paired Sample t-test with the assistance of IBM SPSS Statistics. The results show that the application of the Role Play learning model has a positive and significant effect on students’ social skills, as indicated by an increase in the mean score from 61.12 in the pretest to 89.68 in the posttest, with a significance value of 0.000 (<0.05). These findings contribute to the development of Islamic Religious Education learning based on active learning and strengthen the application of social learning theory and social constructivism in developing students’ social skills. The conclusion of this study emphasizes the importance of the Role Play learning model as an alternative learning strategy that can support the formation of students’ character and social skills at the elementary school level.

Analisis Pengelolaan Keuangan Desa pada Kantor Wali Nagari Halaban Kecamatan Lareh Sago Halaban Kabupaten Lima Puluh Kota

Asma Ul Husna, Khadijah Nurani — Sat, 04 Jul 2026 19:41:45 +0800

Nagari financial management is an important aspect in realizing transparent and accountable governance that is in accordance with statutory regulations. Although the implementation of village financial management based on Regulation of the Minister of Home Affairs Number 20 of 2018 has been widely examined, studies that specifically integrate the perspective of Islamic financial management into nagari government financial governance remain limited. This study aims to analyze financial management at the Office of the Wali Nagari Halaban, Lareh Sago Halaban Subdistrict, Lima Puluh Kota Regency, based on Regulation of the Minister of Home Affairs Number 20 of 2018 and to review it from the perspective of Islamic financial management. This study used a qualitative approach with a case study design. The informants consisted of the Wali Nagari, Nagari Secretary, Head of Financial Affairs, and nagari officials involved in financial management, who were selected using purposive sampling. Data were collected through interviews, observation, and documentation, and were then analyzed using the interactive analysis model of Miles, Huberman, and Saldaña. The results show that the financial management of Nagari Halaban has generally been implemented in accordance with the stages of planning, implementation, administration, reporting, and accountability as regulated in Regulation of the Minister of Home Affairs Number 20 of 2018. However, there are still aspects that need to be improved, particularly administrative accuracy and the optimization of information transparency to the community. From the perspective of Islamic financial management, financial management has reflected the principles of trustworthiness, justice, transparency, accountability, deliberation, and public benefit. These findings contribute to the development of studies on nagari financial governance through the integration of regulatory approaches and Islamic values. The conclusion of this study emphasizes the importance of regulatory compliance and the internalization of Islamic principles in improving the quality of nagari financial management. The implications of this study can serve as a reference for nagari governments in strengthening transparency, accountability, and public benefit in public financial governance.

Analisis Zakat Produktif sebagai Modal Usaha dalam Meningkatkan Kesejahteraan Mustahik di BPRS Haji Miskin Pandai Sikek

Fadhilah Fadhilah — Sun, 05 Jul 2026 20:22:00 +0800

Productive zakat as an instrument for community economic empowerment has been widely studied; however, research that specifically discusses its implementation at Bank Perekonomian Rakyat Syariah (BPRS) in improving the welfare of mustahik remains limited. This study aims to analyze the implementation of productive zakat as business capital in improving the welfare of mustahik at BPRS Haji Miskin Pandai Sikek. This study employed a qualitative approach with a case study design, involving five informants consisting of BPRS managers and mustahik recipients of productive zakat selected through purposive sampling. Data were collected through in-depth interviews, observation, and documentation, and were then analyzed using the interactive analysis model of Miles, Huberman, and Saldaña, which includes data condensation, data display, and conclusion drawing. The results show that the distribution of productive zakat was implemented through a systematic mechanism, beginning with the identification of prospective recipients, selection, distribution of business capital, and continuing with regular assistance and supervision. This program contributed to improving the business capacity, income, and economic independence of mustahik, although the business development of each recipient showed different levels of achievement. These findings reinforce the concept of productive zakat as an instrument of economic empowerment in Islamic economics and broaden the understanding of the social role of BPRS in managing zakat funds. The conclusion of this study emphasizes the importance of continuous assistance in improving the effectiveness of productive zakat. The implications of the study include theoretical contributions to the development of Islamic economics studies and practical implications for BPRS and zakat management institutions in optimizing community economic empowerment programs.

Keywords: Productive Zakat; Business Capital; Welfare of Mustahik; BPRS; Economic Empowerment

Optimalisasi Pelayanan Penyaluran Dana Zakat melalui Bank Syariah Indonesia untuk Pemberdayaan Masyarakat di Nagari Batu Banyak

Gina Safitri, Edi Rosman — Sun, 05 Jul 2026 20:31:22 +0800

Optimizing zakat fund distribution services through Islamic financial institutions plays an important role in increasing the effectiveness of zakat management and community empowerment. Although this issue has been widely studied, research that specifically discusses zakat fund distribution services through Bank Syariah Indonesia in the context of rural communities, particularly in Nagari Batu Banyak, remains limited. This study aims to analyze public awareness and understanding of zakat distribution through Bank Syariah Indonesia, identify the factors that influence public trust in the zakat management system, and analyze limited access to services in supporting community empowerment. This study employed a qualitative approach with a case study design, involving informants consisting of Bank Syariah Indonesia representatives, muzakki, and mustahik selected through purposive sampling. Data were collected through observation, in-depth interviews, and documentation, and were then analyzed using the interactive analysis model of Miles, Huberman, and Saldaña, which includes data condensation, data display, and conclusion drawing. The results show that public awareness and understanding of Bank Syariah Indonesia’s zakat services remain low, public trust in zakat management is not yet optimal, and limited access to services is a major factor hindering the optimization of zakat distribution and community empowerment. These findings strengthen studies on zakat service quality and community empowerment from the perspective of Islamic economics. The conclusion of this study emphasizes the importance of improving zakat literacy, transparency in fund management, expanding access to services, and collaboration between Bank Syariah Indonesia, the nagari government, and community leaders to enhance the effectiveness of zakat management. The implications of the study include theoretical contributions to the development of Islamic economics studies and practical implications for Islamic financial institutions in optimizing zakat services based on rural community empowerment.

Analisis Pengelolaan Dana Zakat di BAZNAS Kota Bukittinggi

Chindy Hidayatullah, Rika Widianita — Sun, 05 Jul 2026 20:40:19 +0800

Zakat fund management is an important instrument in promoting community welfare through the economic empowerment of the ummah. Although zakat governance has been widely studied, research that specifically analyzes the processes of collecting, distributing, and the constraints in managing zakat funds at the National Zakat Agency (BAZNAS) of Bukittinggi City remains limited. This study aims to analyze zakat fund management at BAZNAS of Bukittinggi City and identify the constraints encountered in its implementation. This study employed a qualitative approach with a case study design, involving the leaders and administrators of BAZNAS of Bukittinggi City as well as several beneficiaries or mustahik selected through purposive sampling. Data were collected through in-depth interviews, observation, and documentation, and were then analyzed using the interactive analysis model of Miles, Huberman, and Saldaña, which includes data reduction, data display, and conclusion drawing. The results show that zakat fund management has been implemented through collection and distribution mechanisms that are in accordance with the provisions of Islamic law and the principles of organizational management. However, the optimization of zakat management still faces constraints in the form of low community participation outside the State Civil Apparatus (ASN), the suboptimal use of digital technology, and the dominance of consumptive distribution programs. These findings strengthen the application of George R. Terry’s management theory and the principles of good governance in the management of zakat institutions. The conclusion of this study emphasizes the importance of improving collection strategies, management transparency, service digitalization, and the development of productive zakat programs to increase the effectiveness of zakat management. The implications of the study include theoretical contributions to the development of zakat management studies and practical implications for BAZNAS in strengthening zakat governance that is more transparent, adaptive, and oriented toward the economic empowerment of mustahik.

Optimalisasi Sukuk sebagai Instrumen untuk Mengakselerasi Investasi Syariah dalam Pembangunan Ekonomi di Indonesia

Khofaria Amini Hutapea, Hesi Eka Puteri — Sun, 05 Jul 2026 20:49:25 +0800

The optimization of sukuk as an Islamic investment instrument in supporting economic development has received attention in various previous studies. However, studies that specifically integrate analyses of the role of sukuk, constraints on its optimization, and development strategies within a single research framework remain limited. This study aims to analyze the role of sukuk as an Islamic investment instrument in accelerating Indonesia’s economic development, identify various constraints encountered, and formulate optimization strategies. This study employed a qualitative approach with a literature research or library research design. Data sources were obtained through documentation studies of books, journal articles, laws and regulations, fatwas of the National Sharia Council of the Indonesian Ulema Council (DSN-MUI), as well as official publications from the government and relevant institutions selected purposively based on their relevance to the research focus. The data were analyzed using an interactive analysis model that includes data condensation, data display, and conclusion drawing and verification. The results show that sukuk plays a strategic role as an instrument for development financing, strengthening the Islamic capital market, and increasing investment in the real sector. Nevertheless, the optimization of sukuk still faces constraints in the form of low Islamic financial literacy, limited investor participation, suboptimal product innovation, and the need to strengthen regulation. These findings reinforce studies in Islamic economics, particularly regarding the optimization of sukuk as an Islamic investment instrument in supporting economic development. The conclusion of this study emphasizes the importance of improving Islamic financial literacy, expanding the investor base, product innovation, and strengthening regulation to enhance the effectiveness of sukuk development in Indonesia. The implications of the study include theoretical contributions to the development of Islamic economics literature and practical implications for the government, regulators, and Islamic financial institutions in formulating more effective sukuk development policies.

Pengaruh Promosi dan Kreativitas Produk terhadap Keputusan Pembelian pada Toko Sketsa Variasi di Kamang Tangah, Agam

Elsa Sabrina, Era Sonita — Sun, 05 Jul 2026 20:58:09 +0800

Promotion and product creativity are important factors influencing consumer purchasing decisions, particularly among micro, small, and medium enterprises (MSMEs) in the creative services sector. Although these two factors have been widely studied, research that specifically analyzes the influence of promotion and product creativity on purchasing decisions in printing and vehicle customization service businesses remains relatively limited. This study aims to analyze the effect of promotion on purchasing decisions, the effect of product creativity on purchasing decisions, and the simultaneous effect of promotion and product creativity on purchasing decisions at Toko Sketsa Variasi in Kamang Tangah, Agam. This study employed a quantitative approach with a causal associative survey design, involving 105 consumers as respondents selected through saturated sampling. Data were collected using a Likert-scale questionnaire that had met validity and reliability tests, and were then analyzed through multiple linear regression with the assistance of IBM SPSS Statistics. The results show that promotion has a positive and significant effect on purchasing decisions, product creativity also has a positive and significant effect on purchasing decisions, and the two variables simultaneously have a significant effect on purchasing decisions, with the ability to explain 50.4% of the variation in purchasing decisions. These findings strengthen the application of the Theory of Planned Behavior in explaining consumer behavior in creative-service MSMEs and broaden the understanding of the role of promotion and product creativity in enhancing purchasing decisions. The conclusion of this study emphasizes that optimizing promotional strategies and strengthening product creativity are important factors in encouraging consumer purchasing decisions. The implications of the study include theoretical contributions to the development of consumer behavior studies and practical implications for MSME actors in optimizing digital marketing-based promotional strategies and improving product creativity to strengthen business competitiveness.

Analisis Pengaruh Promosi dan Physical Evidence dalam Meningkatkan Minat terhadap Jumlah Siswa Baru pada MIM Tamiang Lembah Melintang

Ainil Darti, Yuwarman Mansur — Tue, 07 Jul 2026 16:21:06 +0800

Although promotion and physical evidence have been widely studied in educational service marketing, studies that specifically analyze the effect of these two variables on public interest in choosing Madrasah Ibtidaiyah Muhammadiyah (MIM) Tamiang Lembah Melintang remain limited. This study aims to analyze the effect of promotion and physical evidence on public interest related to increasing the number of new students at MIM Tamiang Lembah Melintang. This study used a quantitative approach with an explanatory survey design and involved 90 respondents selected through simple random sampling. Data were collected through questionnaires and documentation and were then analyzed using multiple linear regression with the assistance of the Statistical Package for the Social Sciences (SPSS). The results showed that, partially, promotion had no significant effect on public interest, whereas physical evidence had a positive and significant effect on public interest. Simultaneously, promotion and physical evidence had a significant effect on public interest in choosing the madrasah. These findings strengthen the concept of the service marketing mix, particularly the role of physical evidence in shaping public perceptions of the quality of educational services. The conclusion of this study affirms that improving the quality of madrasah facilities and physical environment needs to be a priority in the marketing strategy of educational institutions. The implications of this study include theoretical contributions to the development of educational service marketing studies as well as practical contributions for madrasah administrators in designing more effective marketing strategies to increase public interest and the number of new students.

Quality Management in Islamic Schools (Madrasah): A Literature Review on Integrating Total Quality Management, PDCA, and Islamic Values into an IM-QM Model

Ahmad Munir, Andi Abdul Muis, Syahwal Syahwal, Ramli R., Sunarti Sunarti — Tue, 07 Jul 2026 16:22:52 +0800

Improving the quality of madrasah education requires the integration of modern management approaches with Islamic ethical values. This study aims to develop the Islamic Management Quality Model (IM-QM) by synthesizing Total Quality Management (TQM), the Plan–Do–Check–Act (PDCA) cycle, and core Islamic values, namely amanah, ihsan, itqan, and syura. Using a descriptive qualitative literature-review method, this study examined sources published between 2015 and 2025 from Scopus, SINTA, and Google Scholar, which were analyzed through content synthesis and triangulation. The findings indicate that TQM provides a strategic culture of continuous improvement and stakeholder orientation, PDCA offers an iterative operational mechanism for translating strategy into measurable practice, and Islamic values provide an ethical-philosophical foundation that legitimizes and humanizes quality improvement efforts. The integrated IM-QM model consists of three interdependent pillars: a philosophical pillar that embeds Islamic ethics into institutional purpose and decision-making, a managerial pillar that applies TQM principles for system-wide quality governance, and an operational pillar that uses PDCA cycles for planning, implementation, evaluation, and corrective action. The literature also identifies several implementation challenges, including partial adoption of TQM, limited translation of values into measurable indicators, resource and capacity constraints, and leadership gaps. These challenges underscore the need for participatory, value-driven leadership and measurable value-based quality indicators. This study concludes that IM-QM offers a holistic framework for strengthening academic and non-academic outcomes, stakeholder trust, institutional resilience, and religious identity in madrasah education. The study contributes to Islamic education management by proposing an integrated quality model and recommends further empirical validation through case studies, pilot implementation, and mixed-methods evaluation across diverse madrasah contexts.

Daya Tarik Pasar Tradisional terhadap Konsumen di Dusun Pulau Musang Kabupaten Tebo

Teddy Saputra, Fauzan Ramli, Muhamad Subhan — Wed, 08 Jul 2026 09:27:44 +0800

Traditional markets continue to play an important role in meeting the needs of rural communities, but studies that specifically explain the factors shaping the attractiveness of traditional markets for consumers in rural areas remain limited. This study aims to analyze the factors that shape the attractiveness of Balai Rajo Traditional Market for consumers in Pulau Musang Hamlet, Tebo Regency, and to identify the constraints and efforts to address them. This study used a descriptive qualitative approach with a case study design. A total of 32 informants consisting of consumers, traders, market managers, and local government representatives were selected using purposive sampling. Data were collected through semi-structured interviews, observation, and documentation, and were then analyzed through the stages of data reduction, data display, and conclusion drawing. The results show that market attractiveness is shaped by product diversity and freshness, affordable and negotiable prices, friendly trader service, and consumer habits and loyalty. The main constraints identified include rapidly depleted product supplies, limited parking areas, suboptimal sanitation and cleanliness, and market road conditions that still need improvement. The conclusion of this study emphasizes that the attractiveness of rural traditional markets is determined not only by economic aspects but also by the quality of social interaction, shopping habits, and the availability of supporting facilities. These findings contribute to expanding understanding of rural traditional market consumer behavior and provide practical implications for market managers and local governments in improving stock management, sanitation, cleanliness, and market facilities.

Pengaruh Penggunaan E-Wallet terhadap Perilaku Konsumtif Mahasiswa dengan Literasi Keuangan sebagai Variabel Intervening

Rizky Amelia Putri, Adria Wuri Lastari, Mulia Inda Purwati — Wed, 08 Jul 2026 09:43:48 +0800

The development of e-wallet use has changed students’ transaction patterns through payment convenience, promotions, and digital financial features, but studies examining the effect of e-wallet use on consumptive behavior with financial literacy as a mediating variable remain limited. This study aims to analyze the effect of e-wallet use on consumptive behavior and financial literacy, the effect of financial literacy on consumptive behavior, and the mediating role of financial literacy in the relationship between e-wallet use and students’ consumptive behavior. This study used a quantitative approach with a causal associative design. The sample consisted of 56 students of the Management Study Program, Faculty of Economics, Universitas Adiwangsa Jambi, who were selected using purposive sampling. Data were collected using a Likert-scale questionnaire and analyzed with Partial Least Squares-Structural Equation Modeling (PLS-SEM) through SmartPLS. The results show that e-wallet use has a positive and significant effect on consumptive behavior and financial literacy. Financial literacy also has a positive and significant effect on consumptive behavior and partially mediates the effect of e-wallet use on students’ consumptive behavior. The conclusion of this study emphasizes that e-wallet use contributes to the formation of students’ consumptive behavior, both directly and through financial literacy. The implications of this study indicate that improving financial literacy needs to be balanced with self-control and the consistent application of financial management so that the use of digital financial services becomes wiser and more responsible.

Pengaruh Motivasi Ekstrinsik dan Intrinsik terhadap Kepuasan Kerja: Peran Kepemimpinan Transaksional di PT MAS Arya Semarang

Shania Krishna, Ardian Adhiatma — Sat, 11 Jul 2026 15:52:34 +0800

Job satisfaction is an important factor in supporting employee productivity in manufacturing companies that implement target-oriented work systems. In the context of PT MAS Arya Semarang, a balance among extrinsic motivation, intrinsic motivation, and transactional leadership is required to improve employee job satisfaction. This study aimed to analyze the effects of extrinsic and intrinsic motivation on job satisfaction, both directly and through transactional leadership as a mediating variable. The study employed a quantitative approach, with data collected through questionnaires administered to employees of PT MAS Arya Semarang. The data were analyzed using the Partial Least Squares (PLS) method. The results showed that extrinsic motivation had a positive and significant effect on transactional leadership and job satisfaction. Intrinsic motivation had a negative and significant effect on transactional leadership but a positive and significant effect on job satisfaction. Transactional leadership also had a positive and significant effect on job satisfaction and was proven to mediate the effects of extrinsic and intrinsic motivation on job satisfaction. These findings confirm that improving employee job satisfaction requires the appropriate management of extrinsic and intrinsic motivation and the effective implementation of transactional leadership. The practical implications of this study indicate that the company needs to integrate reward policies, strengthen internal motivation, and implement achievement-based leadership mechanisms to support improvements in productivity and company performance.

Pengaruh Profitabilitas, Likuiditas, dan Ukuran Perusahaan terhadap Financial Distress pada Perusahaan Sektor Transportasi dan Logistik yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024

Fito Saputra, Tartila Devy — Wed, 15 Jul 2026 09:07:24 +0800

Financial distress is a condition involving a decline in a company’s financial health that may lead to bankruptcy if not properly addressed. Although it has been widely studied, research specifically analyzing the effects of profitability, liquidity, and company size on financial distress among transportation and logistics companies listed on the Indonesia Stock Exchange in the post-COVID-19 pandemic context remains limited. This study aimed to analyze the effects of profitability, liquidity, and company size on financial distress among transportation and logistics companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The study employed a quantitative approach with a causal research design. The research sample consisted of 25 companies selected through purposive sampling. Data in the form of annual financial statements were collected through documentation and analyzed using panel data regression with the assistance of EViews software. The results showed that profitability, proxied by Return on Equity (ROE), had a significant effect on financial distress, whereas liquidity, proxied by the Cash Ratio, and company size, measured using the natural logarithm (Ln) of total assets, had no significant partial effects. However, simultaneously, profitability, liquidity, and company size had a significant effect on financial distress. These findings strengthen the application of agency theory in explaining the relationship between financial performance and financial distress conditions while extending empirical evidence in Indonesia’s transportation and logistics sector. This study concludes that profitability is the primary factor contributing to the minimization of financial distress risk. Theoretically, this study enriches the literature on the determinants of financial distress, while practically, its findings may serve as a consideration for company management and investors in making financial decisions. Future studies are recommended to include other variables and expand the research objects and period.

Deskripsi Kepercayaan Konsumen, Risiko, dan Kualitas Produk Berdasarkan Ulasan Konsumen Tahun 2024 - 2025 di Marketplace Shopee Toko Pelangi Nicer

Winan Sutomo Sianturi — Wed, 15 Jul 2026 17:09:41 +0800

The development of e-commerce has increasingly encouraged consumers to rely on reviews to assess trust, risk, and product quality before making a purchase. However, the information contained in reviews does not always accurately reflect the actual condition of products, thereby potentially influencing consumers’ purchasing decisions. This study aimed to describe consumer trust, perceived risk, and product quality based on consumer reviews of Pelangi Nicer Store on the Shopee marketplace during the 2024–2025 period. The study employed a qualitative descriptive approach supported by simple quantitative analysis using a content analysis design. The research data comprised 366 consumer reviews selected through purposive sampling from a population of 500 reviews. Data were collected through documentation, selection, coding, and classification of reviews and were subsequently analyzed using ChatGPT-assisted content analysis, which was reverified by the researcher through calculations of frequencies, percentages, and mean values. The results showed that consumer trust was categorized as poor because of the seller’s low integrity and unethical behavior, although the store’s reputation was considered relatively high. Consumers’ perceived risk was categorized as very high, particularly in relation to product, psychological, and delivery risks. Product quality was also categorized as poor because of low product durability, although its visual appearance was considered attractive. This study concludes that discrepancies between product descriptions and the actual condition of the products received are the primary factors that reduce consumer trust and increase perceived risk. These findings imply the importance of improving quality control, product information transparency, and seller service management to build consumer trust and enhance the store’s competitiveness in the marketplace.

Pengaruh Literasi Keuangan dan Gaya Hidup terhadap Keputusan Penggunaan Pay-Later

Ayu Febrianti, Adria Wuri Lastari, Evrina — Wed, 15 Jul 2026 17:40:32 +0800

The use of pay-later services among university students continues to increase, but research integrating financial literacy and lifestyle in explaining decisions to use these services remains limited. This study aimed to analyze the effects of financial literacy and lifestyle on decisions to use pay-later services among students of the Management Study Program, Faculty of Economics, Universitas Adiwangsa Jambi. The study employed a quantitative approach with a causal-associative design. The research sample consisted of 55 students selected through purposive sampling based on the criteria of being active students who were aware of or had previously used pay-later services. Data were collected using a Likert-scale questionnaire and analyzed through Partial Least Squares–Structural Equation Modeling with the assistance of SmartPLS. The results showed that financial literacy had a positive and significant effect on decisions to use pay-later services (β = 0.305; p = 0.003). Lifestyle also had a positive and significant effect on decisions to use pay-later services (β = 0.502; p < 0.001) and was the more dominant factor. Financial literacy and lifestyle jointly explained 52.3% of the variation in decisions to use pay-later services. These findings strengthen the application of the Theory of Planned Behavior in the context of digital financing and confirm that decisions to use pay-later services are influenced not only by the ability to understand financial matters but also by students’ consumption patterns. Practically, higher education institutions need to develop digital financial literacy programs accompanied by efforts to strengthen students’ ability to control consumptive behavior. Future studies are recommended to examine the roles of self-control, income, promotion, and social influence in explaining decisions to use pay-later services.

Keywords: Financial Literacy; Lifestyle; Usage Decision; Pay-Later; University Students