Volatility: Jurnal Ekonomi, Bisnis dan Entrepreneurship

THE IMPACT OF FINANCIAL RATIOS ON PROFIT GROWTH IN FOOD AND BEVERAGE MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

Rahadian Amrullah, Fadli Nuryasin — Sat, 30 Nov 2024 00:00:00 +0000

The food and beverage industry are a cornerstone of the global economy, providing essential products that meet basic human needs while significantly contributing to economic growth. In Indonesia, the food and beverage sub-sector plays a vital role in strengthening the national economy, generating employment, and boosting export earnings. This study examines the impact of the Current Ratio (CR), Return on Assets (ROA), and Debt to Equity Ratio (DER) on Profit Growth (PL) in manufacturing companies within the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) from 2013 to 2023. Using secondary data, a quantitative approach was applied, employing the AutoRegressive Distributed Lag (ARDL) model to analyze the relationships between CR, ROA, DER, and PL. The results indicate that CR does not significantly affect PL in the short term but has a significant impact in the long term. ROA has a positive and significant effect on PL in the short term but is not significant in the long term. DER does not significantly affect PL in the short term but has a positive influence in the long term. These findings highlight that CR’s influence on PL becomes evident over time, ROA drives short-term profit growth, and DER’s impact emerges in the long run. Consequently, effective financial management strategies are crucial for sustaining profit growth in the food and beverage sector amid dynamic economic conditions

FOSTERING EMPLOYEE INNOVATION THROUGH CULTURE AND TRUST: INTELLECTUAL CAPITAL AS A KEY MEDIATOR

Suhroji Adha — Sat, 30 Nov 2024 00:00:00 +0000

In today's fiercely competitive business landscape, companies strive to optimize profits and bolster their worth for survival. This research delves into how organizational culture and trust directly impact employee innovation performance, with intellectual capital acting as a mediator. Employing a survey-based correlational quantitative approach, data from 50 respondents were gathered via a Likert Scale questionnaire using SmartPLS version 4.0. Findings reveal trust's significant role in employee innovation performance, though organizational culture lacks a substantial effect. Intellectual capital fully mediates the link between organizational culture and innovation performance, while partially mediating the relationship between trust and innovation performance. Ultimately, fostering a supportive organizational culture and nurturing trust among employees are pivotal in driving innovation within the company.

PERAN KOMPETENSI DALAM MEMEDIASI PENGARUH PEMBERDAYAAN PEGAWAI DAN DIGITALISASI PELATIHAN TERHADAP ADAPTASI ORGANISASI PADA SEKRETARIAT DAERAH KABUPATEN SERANG

Djaka Adiwinata — Sat, 30 Nov 2024 00:00:00 +0000

This study explores the relationship between employee empowerment, digitalization of training, competence, and organizational adaptation among the State Civil Apparatus (ASN) of the Serang Regency Regional Secretariat. The main objective of this study is to understand the interaction between these factors and their contribution to the adaptation of employee organizations. This study uses a quantitative method with a survey design. The research population consisted of ASN at the Regional Secretariat of Serang Regency, with a random sample of 150 respondents. Data were collected through questionnaires and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS) to test the hypothesis. The results of the study show that employee empowerment does not have a significant direct effect on organizational adaptation. However, the digitization of training and competencies has a significant positive influence on organizational adaptation. In addition, employee empowerment has been proven to significantly improve competence, as well as the digitization of training. An analysis of indirect effects shows that employee empowerment and digitalization of training affect organizational adaptation through competency improvement. Based on these findings, it is recommended that the Regional Secretariat of Serang Regency increase investment in training programs to develop employee competencies. Although employee empowerment does not have a direct effect on organizational adaptation, this strategy is still important to improve employee competence. Further research is suggested to explore the role of other mediating variables such as leadership or work motivation, in facilitating innovative behavior in the organizational environment

THE IMPACT OF TRADE OPENNESS, GDP PER CAPITA, GOVERN-MENT SPENDING, AND BANKING SECTOR DEVELOPMENT ON FI-NANCIAL DEVELOPMENT IN ASEAN-5 COUNTRIES

Eddy Renaldi — Sat, 30 Nov 2024 00:00:00 +0000

The growth of the banking sector and economic growth are key indicators of a country's success. A well-developed financial sector plays a crucial role in stimulating economic activity, while an underdeveloped financial sector can lead to liquidity constraints that hinder economic growth. This study examines the impact of trade openness, GDP per capita, government spending, and banking sector development on financial development in ASEAN-5 countries, namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand, from 1981 to 2020. Using a quantitative approach, this study applies panel data regression analysis, which combines time series and cross-sectional data. The data collection methods include literature review and documentation studies. The findings indicate that trade openness, GDP per capita, government spending, and banking sector development each have a significant positive impact on financial development. This suggests that increasing trade openness enhances financial sector growth by facilitating capital flows and investments. Similarly, higher GDP per capita reflects improved economic conditions that contribute to financial sector expansion. Government spending plays a vital role in strengthening financial institutions and infrastructure, while banking sector development directly supports financial deepening and economic progress. The study concludes that both individually and collectively, these factors contribute to the financial development of ASEAN-5 countries. Strengthening policies that promote trade liberalization, economic growth, and financial sector development can further enhance financial stability and economic resilience in the region.

ANALISIS DAN PROYEKSI TINGKAT INFLASI TAHUNAN DI INDONESIA DENGAN MODEL ARIMA

Ria Ekanindya Widyaningsih — Sat, 30 Nov 2024 00:00:00 +0000

This study aims to analyze and predict Indonesia's inflation rate for the 2024–2033 period using the ARIMA(2,1,1) model. The data used is the annual data on Indonesia's inflation rate from 1990 to 2023, obtained from the World Bank. The prediction results show a gradual downward trend in inflation, where inflation is expected to be positive until 2029, but then enter the deflationary zone from 2030 to 2033. This has implications for the need for more adaptive economic policies to avoid the risk of a decline in aggregate demand and a slowdown in economic growth due to prolonged deflation. This study has limitations because it only uses the ARIMA model without considering external factors such as monetary policy, exchange rates, and global commodity prices that can affect inflation. Therefore, further research is recommended to develop a more comprehensive prediction model by incorporating other macroeconomic variables as well as using approaches such as Vector Autoregression (VAR) or Machine Learning. With a more holistic approach, the prediction results can be more accurate and provide more effective policy recommendations in maintaining inflation stability and Indonesia's economic growth

KOMITMEN PEGAWAI SEBAGAI MEDIATOR DALAM HUBUNGAN ANTARA BUDAYA ORGANISASI DAN RESILIENSI ORGANISASI TERHADAP KINERJA ORGANISASI PADA SEKRETARIAT DAERAH KOTA TANGERANG

Enji Azizi — Sat, 30 Nov 2024 00:00:00 +0000

This research focuses on the influence of organizational culture, organizational resilience, and employee commitment to organizational performance. Given the importance of organizational performance in achieving strategic goals, this study explores how these factors interact with each other to affect organizational effectiveness, especially in the context of state civil servants (ASN) in the Tangerang City Regional Secretariat. The purpose of this study is to identify the influence of Organizational Culture and organizational resilience on organizational performance, both directly and through employee commitment as a mediating variable. This study uses a quantitative method with a survey research design. The research population is ASN at the Tangerang City Regional Secretariat, and the sample was selected using random sampling techniques, with a total of 120 respondents who are quite representative for analysis. Data were collected through a closed questionnaire and analyzed using the SEM-PLS method to test hypotheses and relationships between variables. The results of the study show that organizational culture and organizational resilience have a positive and significant influence on organizational performance, both directly and through employee commitment. The path coefficients and statistics show that improvements in organizational culture and organizational resilience not only improve organizational performance directly, but also through increased employee commitment. All hypotheses tested were accepted, confirming the mediating role of employee commitment in this relationship. Based on these findings, it is recommended that ASN be active in creating a strong organizational culture in their work environment. In addition, the Tangerang City Regional Secretariat is expected to design programs that increase organizational resilience to face challenges. The researcher is further advised to explore the role of employee commitment mediation to develop more effective strategies in improving organizational performance.

PENGARUH DIGITAL MARKETING DAN INTELEKTUAL KAPITAL TERHADAP VOLUME PENJUALAN DAN DAMPAKNYA TERHADAP SUSTAINABILITY USAHA KECIL DI KOTA SERANG

Mira Nurhikmat — Sat, 30 Nov 2024 00:00:00 +0000

Business sustainability is a key factor in maintaining MSMEs. Some important aspects that affect business sustainability are sales volume, the use of information technology in marketing, and intellectual capital. This study aims to analyze the influence of digital marketing and intellectual capital on sales volume and its impact on the sustainability of small businesses in Serang City. This study uses primary data from 200 small business actors in Serang City who were selected through proportional random sampling. Data processing is carried out using the PLS-SEM method using SmartPLS 3.0. The results of the study show that digital marketing and intellectual capital have a direct effect on sales volume and sustainability of small businesses. In addition, sales volume has a direct effect on the sustainability of small businesses. There is also a mediation effect, where sales volume is the mediator of the influence of digital marketing and intellectual capital on the sustainability of small businesses. These findings confirm that the increase in digital marketing and intellectual capital can increase sales volume, which ultimately contributes to the sustainability of small businesses.