The Journal of Ecogen (ECOGEN) (Online ISSN: 2654-8429) is a peer-reviewed scientific journal in the field of economic education. The journal is dedicated to contributing to the advancement of knowledge through high-quality research with both academic significance and real-world applications. ECOGEN publishes original research articles and review articles covering a wide range of topics, including economic education, economic development, accounting, and management. The journal aims to serve as a forum for researchers, educators, and practitioners to share innovative ideas, empirical findings, and critical perspectives related to economics and education. The Journal of Ecogen is published by Universitas Negeri Padang in collaboration with the Association of Accounting Educators (Asosiasi Profesi Pendidik Akuntansi – APRODIKSI). All submitted manuscripts undergo a rigorous double-blind peer-review process to ensure academic quality, originality, and relevance. Indexed by:
Sustainable Entrepreneurship Education (SSE) in Higher Education for Developing Students’ Green Entrepreneurial Mindset: A Scoping Review
Sustainable Entrepreneurship Education (SEE) plays a crucial role in preparing students to address sustainability challenges. However, existing research remains fragmented and focuses on specific aspects, thus failing to provide a comprehensive understanding of how various elements in higher education can collectively foster a green entrepreneurial mindset. This study aims to map and synthesize the literature on SEE in higher education through a scoping review approach. The review process followed the framework by Arksey and O’Malley as well as the PRISMA-ScR guidelines. A total of 51 articles were identified from the Scopus, ScienceDirect, and ERIC databases. Following a screening process and eligibility assessment based on inclusion and exclusion criteria, 12 articles were selected for analysis. The results of the study reveal four main dimensions of SEE: sustainability-based curriculum integration, experiential learning, institutional and ecosystem support, and technology-based entrepreneurship. These four dimensions contribute to shaping a green entrepreneurial mindset through increased sustainability awareness, critical thinking skills, entrepreneurial competencies, and sustainable entrepreneurial intent. This study offers a novel perspective by viewing SEE as an integrated educational system and provides practical implications for higher education institutions in designing sustainable entrepreneurship programs that support the achievement of the SDGs
Sustainable entrepreneurship education, green entrepreneurial mindset, higher education, scoping review, SDGs
Does Islamic Corporate Governance Matter for Risk-Taking? Evidence from Islamic Insurance Companies in Indonesia
This article assesses the influence of Shari’ah Supervisory Board (SSB) characteristics on risk-taking behavior in Islamic insurance companies in Indonesia. Specifically, this study analyzes the influence of financial expertise and doctoral educational background of SSB on underwriting risk as a proxy for risk-taking behavior. The study uses panel data from 15 Islamic insurance companies during the period 2014–2024 with a total of 113 observations and analyzed using a Random Effects Model (REM). The results show that financial expertise and doctoral educational background of SSB do not significantly influence underwriting risk. This finding indicates that underwriting risk is more influenced by operational, actuarial, and market conditions than SSB characteristics. The novelty of this study lies in examining the relationship between SSB characteristics and underwriting risk in the Islamic insurance sector, which is still relatively limited compared to the Islamic banking sector. Practically, the results emphasize the importance of strengthening the integration between Shari’ah governance and operational risk management to support more prudent underwriting practices.
The Effect of Social Pressure and Lifestyle on the Financial Stability of FEBI Students at the State Islamic University of North Sumatra Who Use SPayLater
The rapid growth of buy-now, pay-later services has made it easier for students to access digital credit. However, few studies have examined how this affects financial stability, particularly among SPayLater users in Islamic economics education. This study examines how social pressure and lifestyle affect the financial stability of students in the Faculty of Islamic Economics and Business at the State Islamic University of North Sumatra who use SPayLater services. We gathered data through a quantitative survey of 100 respondents chosen through purposive sampling and analyzed it using SmartPLS 4. The results show that lifestyle negatively affects financial stability (β = -0.427; p = 0.000). Social pressure also harms financial stability (β = -0.277; p = 0.001). This study's originality lies in its focus on financial stability as the primary outcome. It examines students' financial behavior through the lenses of behavioral finance and Islamic consumption ethics.
Peer Influence as a Mediator of Present Bias and Self-Control on Risk Credit Behavior
Risk credit behavior among students has emerged as a growing concern due to increasing financial accessibility and consumption-oriented lifestyles. This study aims to analyze the effect of present bias and self-control on risk credit behavior, with peer influence as a mediating variable. This research adopted a quantitative approach involving 110 students from the Faculty of Economics at UIN Maulana Malik Ibrahim Malang and utilized PLS-SEM with SmartPLS for data analysis. The findings indicate that present bias and self-control have positive but insignificant effects on risk credit behavior, while both exert a positive and significant effects on peer influence. Peer influence also has a positive and significant effect on risk credit behavior and significantly mediated the relationship between present bias, self-control, and risk credit behavior. These findings contribute to Social Cognitive Theory by demonstrating that peer influence mediates the effects of present bias and self-control on risk credit behavior, highlighting the importance of integrating psychological and social factors in explaining students' financial behavior.
peer influence, present bias, risk credit behavior, self control
The Influence of Live Streaming Shopping and the FYP Algorithm on Impulsive Buying Behavior among TikTok Users of FEBI UINSU Students: Islamic Financial Literacy as a Moderating Variable
This study is motivated by the increasing trend of impulsive buying behavior among university students, driven by the development of TikTok features such as live streaming shopping and the FYP algorithm, which encourage spontaneous consumption. The aim of this study is to analyze the effect of live streaming shopping and the FYP algorithm on impulsive buying and to examine the role of Islamic financial literacy as a moderating variable among FEBI UIN North Sumatra students. This research uses a quantitative approach with an associative method through questionnaires distributed to 103 respondents and analyzed using PLS-SEM. The results show that live streaming shopping and the FYP algorithm have a positive and significant effect on impulsive buying, while Islamic financial literacy has a negative and significant effect. However, Islamic financial literacy does not act as a moderating variable. In conclusion, although students possess Islamic financial literacy, the influence of TikTok features remains strong in driving impulsive purchasing behavior.
Customer Perceptions of Super App Ollin: A Thematic and Sentiment Analysis
This research explores how customers of Bank Nagari Sharia perceive and respond to the use of Super App Ollin in Islamic digital banking services. A qualitative descriptive approach was applied through semi-structured interviews with 30 active users selected using purposive sampling. Interview data were analyzed using thematic and sentiment analysis with NVivo 15 software. The thematic analysis identified four dominant factors influencing customer acceptance: technology readiness, perceived usefulness, perceived ease of use, and trust. The findings indicate that perceived usefulness and trust emerged as dominant themes shaping customer acceptance. Sentiment analysis revealed that positive sentiment dominated participant responses, mainly related to transaction convenience, efficiency, accessibility, and the availability of sharia banking features. Negative sentiment appeared less frequently and was primarily associated with login failures, delayed transactions, application lag, and concerns regarding digital security. The study suggests that the development of Islamic digital banking services should focus not only on technological innovation and efficiency but also on system reliability, cybersecurity, and customer trust. The findings further indicate that sharia compliance and institutional credibility remain important factors influencing customer acceptance of Islamic digital banking applications.
Digital Banking, Thematic Analysis, Sentiment Analysis.
Flypaper Effect of Own-Source Revenue and General Allocation Fund on Capital Expenditure in West Sumatera
This study analyzes the effect of Own-Source Revenue (PAD) and General Allocation Fund (DAU) on Capital Expenditure, and examines the Flypaper Effect phenomenon in districts/cities of West Sumatra Province during 2020–2024. Using a quantitative associative approach with panel data regression, the study covers 19 districts/cities (95 observations). Secondary data were obtained from BPS and DJPK. Model selection through Chow, Hausman, and Lagrange Multiplier tests confirmed the Random Effects Model (REM) as the best estimator. Results show that: (1) PAD and DAU simultaneously have a significant effect on Capital Expenditure; (2) PAD partially has no significant effect; (3) DAU has a positive and significant effect; and (4) the Flypaper Effect is confirmed, as the DAU coefficient (1.073457) exceeds the PAD coefficient (0.003460) with PAD being insignificant. The model explains 52.34% of Capital Expenditure variation (Adjusted R² = 0.5234). These findings indicate that capital expenditures respond more to central government transfers than to Own-Source Revenue, reflecting strong fiscal dependence that is not yet aligned with fiscal decentralization goals. Local governments need to intensify tax collection, regional levies, and asset management to achieve sustainable fiscal self-reliance.
capital expenditure, flypaper effect, general allocation fund, local own-source revenue
Determinants of Halal Consumption Behavior among Muslim University Student: The Roles of Religiosity, Attitude, Lifestyle, and Halal Knowledge
The fast growth of the halal business has heightened interest in the factors influencing halal consumption behavior among Muslim costumers. This study examines the impact of religion, halal knowledge, attitudes and lifestyle on halal consumption behavior among Muslim students at Universitas Baitturrahmah who consistently utilize halal cosmetics items. A cross-sectional study, involving 250-woman students as respondents was conducted in Baiturrahmah university Padang, Indonesia. The data were analyzed using partial least square structural equating modeling (PLS-SEM) in Smart PLS, encompassing measurement evaluation and bootstrapped hypothesis testing. The findings indicate that religiosity, attitudes and lifestyle positively influence halal consumption behavior, suggesting that internalized religious commitment fosters consistent halal- oriented actions, favorable perceptions of halal cosmetics result in actual consumption, and value aligned daily routines promote halal purchasing. In contrast, halal knowledge does not exert a substantial direct influence on behavior. Indicating a knowledge-behavior gap when comprehension is not paired with reinforcing beliefs and practice. The research offers behavior framework and elucidates the significance of primary psychological, lifestyle, and religious influences in an Islamic university setting in a developing market.
Entrepreneurship Education in Indonesia: What is Known? A Systematic Literature Review of Trends, Focus, and Research Agenda
Entrepreneurship education should be understood not only as a means of building a business, but also as a transformative educational process. Therefore, this systematic review aims to examine entrepreneurship education in Indonesia: What is currently known? A systematic literature review of trends, research focuses, and research agendas. This paper adopts a systematic literature review in the ScienceDirect and Semantic Scholar databases from 2021 to 2026, using the Preferred Reporting Items for Systematic Reviews and Meta-analyses (PRISMA). Based on predetermined inclusion criteria, a total of 16 articles published between 2021 and 2026 were analyzed in-depth and systematically. This is because only 16 articles from that period aligned with the scope of this study on entrepreneurship education. The review’s findings indicate that entrepreneurship education plays a central role in shaping entrepreneurial competencies, intentions, and behaviors among students at various educational levels. The research findings confirm that experience-based pedagogical approaches, institutional support, and the integration of digital technology are key factors in enhancing the effectiveness of entrepreneurship education. This study is expected to contribute to fostering entrepreneurial intentions in developing competencies, innovative mindsets, and creating economic value in entrepreneurship education in Indonesia in the long term.
Education, Entrepreneurship, SLR, PRISMA.
The Role of Storytelling, E-WOM, and Brand Experience in Shaping Brand Engagement and Brand Equity Among Generation Z Consumers
This study examines the influence of storytelling, electronic word of mouth (e-WOM), and brand experience on brand engagement and their subsequent impact on brand equity among Generation Z consumers of Skintific skincare products in Malang City. The study contributes to the branding literature by focusing on Generation Z consumers of Skintific, one of the rapidly growing skincare brands in Indonesia. A quantitative approach was employed, and data were collected from 115 Generation Z consumers of Skintific skincare products in Malang City using a purposive sampling technique. The data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS software. The findings indicate that storytelling has a positive and significant effect on brand engagement. Brand experience also exerts a positive and significant influence on brand engagement. In contrast, e-WOM does not significantly affect brand engagement. Furthermore, brand engagement positively and significantly influences brand equity. From a practical perspective, the results suggest that skincare marketers should prioritize compelling brand narratives and meaningful brand experiences to strengthen consumer engagement and enhance brand equity among Generation Z consumers. This study enriches the understanding of brand-building strategies in the Indonesian skincare industry by highlighting the critical role of storytelling and brand experience in fostering brand engagement and strengthening brand equity.
brand engagement, brand equity, brand experience, e-WOM, storytelling
The role of Islamic Philanthropy in Economic Reconstruction: Systematic Literature Review and Bibliometric Analysis
Despite the significant potential of Islamic philanthropy, a structural gap persists in its integration into global economic reconstruction policies. This study aims to synthesize a contemporary framework of Islamic philanthropy that synergizes Sharia distributive principles with modern digital efficiency. Following PRISMA guidelines, an initial 17,858 Scopus-indexed records (2021–2026) were filtered down to a metadata framework of 1,044 core documents. Bibliometric analysis was executed via VOSviewer using full-counting keyword co-occurrence to construct network and density visualizations. To ensure deep contextual relevance for qualitative synthesis, a rigorous full-text screening based on strict exclusion criteria filtered the sample to a final 24 high-quality articles. Moving beyond descriptive analysis, the primary contribution of this study is the development of the 4ER Model (Economic Rescue, Recovery, Reinforcement, and Resilience). The model’s novelty lies in its structural, multi-phase operational design that dynamically transitions marginalized beneficiaries (mustahik) into socio-economic contributors (muzakki). The findings demonstrate that integrating ZISWAF with digital innovations like AI and fintech optimizes distribution transparency and quality control. Ultimately, this study contributes a systemic framework proving that sustainable economic reconstruction depends on utilizing Islamic social finance as a fundamental, non-conventional stabilizer to bridge the global SDG financing gap.
Brand Experience and Brand Love as Drivers of Brand Loyalty through Self-Determination in Online Gaming
The rapid development of the digital gaming industry, particularly in the MOBA genre, has intensified competition and highlighted the importance of building long-term user loyalty. This study aims to analyze the influence of brand experience, engagement interaction, and impression on brand trust, brand love, and brand loyalty among Generation Z. The research employs a quantitative approach with an explanatory design through a survey of 150 respondents, analyzed using Structural Equation Modeling (SEM). The findings indicate that engagement interaction and impression have a significant effect on brand trust, while brand trust strongly influences brand love, which in turn drives brand loyalty. Although brand experience contributes to emotional attachment, this variable does not have a direct effect on trust. The study concludes that loyalty in the digital gaming industry is shaped by psychological and relational factors, particularly trust and emotional attachment, rather than solely by functional experience.
Determining MSME Financing Access: The Role of Human Resources Capacity, Business Networks, and Financial Competence
This study aims to examine the determinants of access to financing among Micro, Small, and Medium Enterprises (MSMEs) in West Sumatra, with a particular focus on the roles of human resource capacity, business networking, and financial competence of MSMEs. Drawing on the Resource-Based View (RBV), this study positions human resource capacity and business networking as strategic resources, while financial competence is conceptualized as a strategic capability that enhances access to financial resources. This study employs a quantitative approach using a causal research design, with data collected from 120 culinary MSME actors in West Sumatra and analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). The results indicate that human resource capacity and business networking significantly influence financial competence and ease of access to financing. Furthermore, financial competence partially mediates the relationships between human resource capacity, business networking, and financing access. These findings highlight that improving human resource quality, strengthening business networking, and enhancing financial competence are important factors in increasing MSMEs’ access to financing.
Human Resource Capacity, Business Networks, Financial Competence, Access to Finance, MSMEs.
The Effect Of Job Insecurity, Additional Income, and Quality Of Work Life On Public Servants Performance
The contractual status of Banpol PP personnel in Pariaman City inevitably triggers complex psychological work dynamics. This study aims to evaluate how job insecurity, additional income, and quality of work life collectively and individually determine employee performance. Employing a quantitative approach, this research utilizes multiple linear regression analysis with a total sample of 94 respondents. Findings: The empirical results indicate that all three variables exert a significant influence on performance. Interestingly, job insecurity uniquely functions as a challenge stressor that stimulates, rather than hinders, individual productivity. A strategic synergy between financial incentives and a supportive work atmosphere serves as an effective mechanism to mitigate the psychological strain caused by employment instability among personnel.
Job Insecurity, Additional Income, Quality of Work Life, Performance
Understanding Learning Outcomes: The Predictive Roles of Academic Resilience and Student Engagement
This study examines the extent to which academic resilience and student engagement predict students’ learning outcomes in a vocational education context. Despite increasing attention to these factors, prior research has largely examined them separately and has focused more on general or higher education settings, leaving their combined role in vocational secondary education, particularly in developing countries, underexplored. Addressing this gap, this study adopts a quantitative approach with an explanatory design and was conducted at SMKN 1 Painan, West Sumatra, Indonesia. A total of 190 eleventh-grade students were selected from a population of 359 using proportional random sampling. Data were collected through structured questionnaires and school records and analyzed using multiple linear regression. The results indicate that academic resilience and student engagement significantly predict students’ learning outcomes, both individually and simultaneously, explaining 37.9% of the variance. This study offers a distinct contribution by examining persistence in facing academic challenges and active participation in learning within a single analytical framework in a vocational education context. These findings imply that strengthening students’ persistence and promoting active involvement through interactive and practice-oriented learning strategies are essential for improving academic performance.
The Effect of Content Marketing and Electronic Word of Mouth on Purchase Decisions with Customer Engagement as a Mediating Variable on the Blibli Platform
This study aims to analyze the effect of Content Marketing and Electronic Word of Mouth on Purchase Decisions, using Customer Engagement as a mediating variable. The type of research used is a quantitative method with a causal approach. The population in this study is the entire community in Padang City who have shopped on the Blibli Platform and consumers who have seen information content or offers displayed on the Blibli Platform, with an unknown population size. The sample size in this study was 100 respondents using purposive sampling. The research instrument was measured using a 1-5 Likert scale. Data analysis techniques included descriptive analysis, data verification, and data analysis using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0. Validity was assessed through convergent and discriminant validity, while reliability was measured using Alpha and Cronbach's Composite Reliability. The results of the study show that all direct and indirect hypotheses have a significant effect. These findings confirm that improving the quality of marketing content and positive e-WOM management, along with efforts to build sustainable consumer engagement, are effective strategies for increasing purchase decisions on the Blibli platform.
Content Marketing, Electronic Word of Mouth, Customer Engagement, Purchase Decisions, Blibli
Understanding Post-Purchase Regret through Fear of Missing Out: An S-O-R Perspective on Impulse Buying Behavior
This study aims to examine the effect of Fear of Missing Out (FoMO) on post-purchase regret with impulse buying as a mediating variable among Miniso consumers in Malang City. Drawing on the Stimulus–Organism–Response (SOR) framework, this research employs a quantitative explanatory design, collecting primary data from 150 respondents aged 17–35 years via an online questionnaire and analyzing them using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results indicate that FoMO has a positive and significant effect on impulse buying and post-purchase regret. At the same time, impulse buying also significantly influences post-purchase regret and mediates the relationship between FoMO and post-purchase regret. These findings reinforce the role of FoMO as a key socio-emotional stimulus driving impulsive purchasing behavior and subsequent evaluative regret in modern retail contexts. Managerially, the study suggests that retailers such as Miniso should optimize promotional strategies by controlling excessive urgency cues (e.g., limited-time offers and scarcity appeals) and strengthening value-based communication to minimize consumer regret while sustaining long-term customer satisfaction and loyalty.
Fear of Missing Out (FoMO), Impulse Buying, Post-Purchase Regret, S-O-R Theory
The Impact of Green Human Resource Management on Employees’ Eco-Friendly Behavior: The Mediating Roles of Green Transformational Leadership and Green Perceived Organizational Support
This study examines the relationship between Green Human Resource Management (GHRM) and employees’ Eco-Friendly Behavior (EFB), with Green Transformational Leadership (GTFL) and Green Perceived Organizational Support (GPOS) serving as mediating variables. We adopted quantitative research design and surveyed employees in four- and five-star hotels using structured questionnaires. We collected 240 responses through purposive sampling; however, only 110 were valid and met the criteria for further analysis. We analyzed the data using Structural Equation Modeling (SEM) in SmartPLS. The findings reveal that GHRM practices have a positive and significant effect on GPOS and GTFL Furthermore, GTFL has a positive and significant effect on EFB, whereas GPOS does not. Additionally, GTFL has a positive and significant effect on GPOS. These results highlight the critical role of leadership in enhancing GHRM's effectiveness in promoting eco-friendly behavior among employees. This study contributes to the growing body of literature on sustainable human resource management and provides practical implications for the hospitality industry in fostering environmentally responsible behavior.
The Influence of Perceived Ease of Use, Benefits, and Financial Literacy on Digital Banking Adoption with Trust as a Mediating Variable
Despite the high digital engagement of the younger generation, a research gap exists regarding how psychological perceptions and financial knowledge interact to drive actual banking behavior in specific regional contexts. This study aims to analyze the effect of perceived ease of use, perceived usefulness, and financial literacy on digital banking usage, with trust as a mediating variable among Generation Z students in Malang. This research employs a quantitative approach with an associative research design. Data were gathered via a 5-point Likert-scale survey administered to 100 participants from five prominent universities in Malang. Analysis employed Partial Least Squares Structural Equation Modeling (PLS-SEM) through SmartPLS software. The results indicate that perceived ease of transaction, usefulness, and financial literacy have a positive and significant effect on digital banking adoption. Furthermore, these variables also have a considerably positive influence on trust. Trust is confirmed to have a substantial positive impact on digital banking usage and significantly mediates the relationship between perceived ease of transaction, perceived benefits, financial literacy, and use of digital banking. In summary, the results indicate that perceived ease of use, benefits, and financial literacy either directly or via mediating power of trust as key drivers in promoting digital banking uptake among Generation Z students.
perceived ease, perceived usefulness, financial literacy, trust, digital banking
The Effect of Work Pressure and Work Stress on Employees’ Turnover Intention: The Moderating Role of Perceived Organizational Support in Islamic Banking
This study examines the effects of work pressure and job stress on turnover intention, as well as the moderating role of Perceived Organizational Support (POS) among employees of an Islamic banking institution in Malang. Using a quantitative explanatory design, data were collected from 130 employees through a census sampling method and analyzed using PLS-SEM with SmartPLS 4. The results show that work pressure does not significantly affect turnover intention (t = 0.477; p = 0.634), while job stress has a positive and significant effect (t = 4.675; p < 0.001). POS significantly moderates the relationships between work pressure and turnover intention (t = 2.768; p = 0.006) and between job stress and turnover intention (t = 3.722; p < 0.001) by weakening their effects. The model explains 86.7% of the variance in turnover intention (R² = 0.867). These findings support the JD-R model and Social Exchange Theory by emphasizing the buffering role of organizational support and highlight the importance of strengthening organizational support to reduce employees’ turnover intention.
work pressure, job stress, turnover intention, perceived organizational support
The Influence of Entrepreneurial Orientation and Market Orientation on the Performance of SMEs in West Sumatra with Social Media Moderation
This study aims to examine the influence of entrepreneurial orientation and market orientation on the performance of Small and Medium Enterprises (SMEs) in West Sumatra during the transition period of the Covid-19 pandemic, as well as to analyze the moderating role of social media usage. This research employs a quantitative approach using survey data collected from 115 SME owners across four cities in West Sumatra. The data were analyzed using Structural Equation Modeling with Partial Least Square (SEM-PLS). The results indicate that entrepreneurial orientation has a positive and significant effect on SME performance, suggesting that innovativeness, proactiveness, and risk-taking behavior play a crucial role in improving business outcomes. Market orientation also shows a positive and significant influence on SME performance, highlighting the importance of customer focus, competitor awareness, and market intelligence in enhancing business performance. Furthermore, social media usage has a direct positive effect on SME performance; however, it does not significantly moderate the relationship between entrepreneurial orientation and SME performance, nor between market orientation and SME performance. These findings imply that although social media has the potential to support business activities, its utilization by SMEs in West Sumatra has not been strategically optimized to strengthen entrepreneurial and market orientations. Overall, SME performance during the post-pandemic transition period is predominantly driven by internal strategic orientations rather than the moderating role of social media.
Nigeria’s Development Conundrum: The Interplay Between Corruption, Economy, and Social Welfare (A Politico-Economy Analysis)
Nigeria continues to experience severe developmental challenges despite its abundant natural and human resources, largely due to the persistent problem of corruption. This study examined the relationship between corruption, economic development, and social welfare within Nigeria’s political economy framework. The study specifically investigated how corruption affects economic growth, social welfare, and governance structures in Nigeria. A mixed-method research design was adopted using secondary macroeconomic data from the World Bank, IMF, and National Bureau of Statistics, alongside primary data collected through 400 questionnaires distributed across Nigeria’s six geopolitical zones, of which 307 were returned and analysed. Descriptive statistics, correlation, regression analysis, and thematic analysis were employed. Findings revealed that corruption significantly reduces economic productivity, discourages investment, weakens institutional performance, and limits access to essential social services such as education, healthcare, and infrastructure. The study further revealed that institutional failure, rent-seeking behaviour, and weak accountability mechanisms contribute to governance breakdown and declining public trust. The study concludes that corruption remains a major barrier to sustainable development and social welfare improvement in Nigeria. The paper recommends stronger institutional accountability, transparency reforms, and increased investment in public service delivery to strengthen governance and national development
corruption, economic development, political economy, social welfare
Brand Trust as a Mediator Service Quality and Product Quality on Purchasing Decisions at Sejuta Jiwa Coffee Surabaya
The purpose of this study is to explore the impact of service and product quality on purchasing decisions, considering brand trust as a mediator among Kopi Sejuta Jiwa consumers in Surabaya. The approach used is quantitative with a population consisting of Kopi Sejuta Jiwa buyers in Surabaya. The research sample consisted a total of 100 respondents were chosen through accidental sampling. Data collection was conducted via questionnaires and subsequently analyzed using Structural Equation Modeling (SEM), including testing measurement models and structural models, and a bootstrapping process using SmartPLS 4.0 software. Based on the results of data analysis, this study found that good service makes consumers more likely to buy a product. Product quality also influences purchasing decisions. In addition, satisfactory service increases consumer trust in the brand. Brand trust significantly influences purchasing decisions and functions as a mediator in the relationship connecting service quality with purchasing behavior, while product quality does not significantly influence brand trust, and brand trust does not play a mediating role between product quality and purchasing decisions. The results of the study also indicate that product quality and service quality have a significant impact on brand trust and purchase decisions. The coefficient of determination (R²) indicates that the model explains 43% of the variation in brand trust and 69% of the variation in purchase decisions. These findings indicate that factors beyond brand trust influence purchasing decisions at Kopi Sejuta Jiwa Surabaya
Antecedents Of The Intention To Use Chatgpt As A Tool For Shopping Information Search In Indonesia
Abstract: The popularity of artificial intelligence (AI) technology has driven the creation of new strategies in online shopping, combining technological interaction and commercial transactions through the use of virtual assistants like ChatGPT. Although this technology is still in the exploration phase among consumers, several studies have attempted to uncover the factors influencing consumers' intention to use ChatGPT for product information search, such as performance expectancy, effort expectancy, facilitating conditions, hedonic motivation, habit, AI self-efficacy, perceived satisfaction, and social influence. However, findings remain inconsistent. This study aims to address this gap by analyzing the determinants of consumers’ intention to use ChatGPT as a source of shopping information. A total of 269 active ChatGPT users participated, and the data were analyzed using SPSS and PLS-SEM via SmartPLS. The results show that performance expectancy, effort expectancy, facilitating conditions, hedonic motivation, habit, AI self-efficacy, and perceived satisfaction positively and significantly influence intention to use ChatGPT. Conversely, social influence shows no significant effect. This study contributes to marketing literature on AI usage in e-commerce and offers practical insights for marketing managers to design strategies that optimize ChatGPT to enhance consumer experience and promote AI adoption in the Indonesian market.
Apakah Risiko Perusahaan dapat Memediasi Hubungan antara Pengungkapan CSR dan Asimetri Informasi? Studi Empiris di Indonesia
This study examines the effect of corporate social responsibility (CSR) disclosure on information asymmetry in the Indonesian capital market, with firm risk as a mediating variable in a green finance setting. CSR disclosure is viewed as a strategic transparency instrument that can reduce uncertainty about firms’ environmental, social, and governance practices and, therefore, lower information asymmetry between managers and outside investors. Using a sample of listed firms in Indonesia, CSR disclosure is measured through a content analysis–based index, while information asymmetry is proxied by relative bid–ask spread. Firm risk is captured by stock return volatility. The empirical model uses regression and mediation analysis, with the help of the Smart PLS program. Based on the analysis results, it was found that CSR disclosure was proven to play a significant role in reducing information asymmetry in the Indonesian capital market, thus confirming the relevance of CSR disclosure as a mechanism for transparency and strengthening the quality of the information environment within the framework of green finance. However, CSR disclosure does not have a significant effect on corporate risk, and corporate risk also does not have a significant effect on information asymmetry, so empirically, the risk variable is unable to mediate the relationship between CSR disclosure and information asymmetry.
The Influence of Spiritual Intelligence, Financial Knowledge, and Self-Control on Financial Behavior with Self-Efficacy Moderation on Students of Ma'had Sunan Ampel Al-'Aly
Research examining the influence of spiritual intelligence, financial knowledge, and self-control on financial behavior, with self-efficacy as a moderating variable, in the context of Islamic boarding school students (mahasantri) remains limited, as most previous studies have focused on general university students. Therefore, this study aims to analyze the relationship between spiritual intelligence, financial knowledge, and self-control and the financial behavior of students at Ma'had Sunan Ampel Al-'Aly UIN Malang, as well as to examine the moderating role of self-efficacy. This study employs a quantitative approach using PLS-SEM and involves 98 respondents selected through the Slovin formula. The results indicate that spiritual intelligence and financial knowledge have a positive and significant effect on financial behavior, while self-control does not have a significant effect. The findings also reveal that self-efficacy moderates the relationship between spiritual intelligence and financial knowledge and financial behavior, but does not moderate the relationship between self-control and financial behavior. The structural model explains 85% of the variance in financial behaviour (R² = 0.850). These findings contribute to the development of behavioral finance literature by highlighting the role of spiritual, cognitive, and psychological factors in shaping the financial behavior of Islamic boarding school students and underscore the importance of strengthening these factors to promote responsible financial behavior within Islamic educational environments.
Spiritual Intelligence, Financial Knowledge, Financial Behavior, Self Efficacy
Pengaruh Islamic Intellectual Capital dan Zakat Funds terhadap Nilai Perusahaan Bank Syariah di Indonesia
This research objectives to examine the influence of Islamic intellectual capital and zakat funds on the firm value of Islamic banks in Indonesia. Using a quantitative approach with panel data of 16 Islamic banks listed on the Indonesia Stock Exchange during the 2020–2024 period (80 observations), the analysis was conducted through panel data regression with model selection using the Chow and Hausman tests. The results showed that the best model was the Fixed Effect Model. Empirical findings reveal that Islamic intellectual capital has a positive and significant effect on firm value, in line with the Resource-Based View perspective which emphasizes the importance of human capital, structural capital, and relational capital in creating competitive advantage. Zakat funds are also proven to have a significant positive effect on firm value, supporting the principle of Sharia Enterprise Theory that zakat accountability reflects the fulfillment of the principles of welfare, death, and benefit (maslahah) which are the basis for the operations of Islamic financial institutions. Simultaneously, both variables contribute 54.10% to the variation in firm value. These findings confirm that strengthening Sharia-based intellectual capacity and transparent zakat management play a role in increasing firm value and the competitiveness of Islamic banks. This research provides an important influence for Islamic bank management and regulators in developing policies to increase the value and sustainability of Islamic financial institutions.
Pengaruh Kontrol Diri dan Lingkungan Sosial Terhadap Perilaku Pengelolaan Keuangan Pada Mahasiswa Universitas Negeri Padang
This study aims to find out how self-control and the social environment affect how people manage their money of students at Universitas Negeri Padang (UNP). The study used a quantitative, causal, associative approach. The population used in this study was 63,752 active UNP students. The study used a method called cluster sampling, and the total number of participants was 199. Data collection used a questionnaire via Google Forms with a Likert scale. All instruments used have passed validity and reliability tests. The data analysis technique in this study employed descriptive and inductive analysis. The study used a method called multiple linear regression for analysis, which passed the prerequisite tests of normality, heteroscedasticity, and multicollinearity using SPSS Version 31.00. The researchers used f-tests, t-tests, and the coefficient of determination to check their ideas. The findings show that 1) having self-control helps students manage their money better; 2) the social environment also helps students manage their money better; and 3) both self-control and the social environment together have a strong influence on how students handle their finances.
self-control, social environment, financial management behavior, students.
Synergistic Effects of Management Turnover and Financial Distress: An Investigation of Auditor Switching Moderation on Company Value
This study addresses the research problem of fluctuating company value in the manufacturing sector amidst the post-pandemic recovery, specifically examining whether internal governance shifts and financial pressures influence investor perception. The research objective is to analyze the impact of management turnover and financial distress on company value, with auditor switching as a moderating variable. Using a purposive sampling method, 32 manufacturing companies listed on the Indonesia Stock Exchange were selected, resulting in 160 observations over the 2020-2024 period. The analytical method employed was panel data regression using the Random Effect Model (REM), preceded by Chow, Hausman, and classical assumption tests. The key empirical results indicate that management turnover has no significant effect on company value. Conversely, financial distress and auditor switching exhibit a significant positive impact independently. These findings suggest that the market interprets distress as a "turnaround signal," where successful recovery triggers a significant upward price correction. However, auditor switching fails to moderate the relationship between the independent variables and company value. The research contribution lies in reinforcing Signalling Theory by demonstrating that transparency mechanisms and proactive crisis management are more valued by investors than leadership rotation. Practically, management is advised to prioritize operational recovery and strategic audit transparency to restore market confidence.
The Effect of Work Atmosphere and Job Training on Employee Retention: A Test of Multigroup Moderated Mediation Effect
This research evaluates how the work atmosphere and job training influence employee retention in the restaurant sector in Malang City, with job satisfaction as a mediator and intrinsic motivation as a moderator. Adopting a quantitative explanatory design, the study employs the SEM-PLS analysis technique via SmartPLS 4. Primary data were gathered through questionnaires distributed to 149 employees chosen using a proportional stratified random sampling method. The findings indicate that the work atmosphere does not significantly affect employee retention, whereas job training does. Furthermore, job satisfaction serves as a mediator linking both work atmosphere and training to employee retention. Conversely, intrinsic motivation did not moderate the relationship between training and retention. Consequently, the study highlights the need to foster a supportive work environment, implement practical training, and boost job satisfaction to enhance staff retention in the restaurant service industry.