Almana : Jurnal Manajemen dan Bisnis

The Effect of Leadership and Remuneration on Employee Turnover Intention with Work Culture as a Moderating Variable

2025-09-08T10:24:58+00:00

Transformational leadership has a significant impact on organizations, particularly in motivating employees to drive innovation. In addition, effective leadership greatly influences employee performance. Apart from leadership, remuneration also plays a critical role in employee retention and performance. This research aims to analyze the influence of leadership and remuneration on employee turnover intention with work culture as a moderating variable. The study focuses on employees in the development division of PT TKG Taekwang Indonesia, a multinational footwear manufacturing company located in Subang, West Java. Using a quantitative research method, this study employs a descriptive and verification approach. Data was collected through questionnaires distributed to 87 employees using a saturated sampling technique. The results show that both leadership and remuneration significantly affect turnover intention, while work culture acts as a moderating factor that can either strengthen or weaken these relationships. The findings emphasize the importance of strategic leadership, fair remuneration, and strong work culture in minimizing employee turnover intention and fostering organizational sustainability.

The Effect of Transformational Leadership and Management Control System on Organizational Performance through Organizational Culture as an Intervening Variable

2025-09-08T10:30:35+00:00

Public sector organizations are currently experiencing rapid development and change. As one of the public sector entities, the Riau Islands Provincial Government faces various challenges in realizing its vision and mission. In accordance with the 2021-2026 Regional Medium-Term Development Plan (RPJMD) with the vision of 'Realizing a Prosperous, Competitive and Cultured Riau Islands', one of whose missions is to Implement Clean, Open and Service-Oriented Governance. Various challenges in achieving this vision require serious attention, especially in the aspects of Transformational Leadership and management control systems applied to all OPDs in the Riau Islands Province. The purpose of this study is to see the effect of Transformational Leadership and management control systems on Organizational Performance with Organizational culture as an intervening variable. This type of research is Quantitative. The number of samples in this study was 318 respondents in the OPD of the Riau Islands Province. The researcher used the help of the SMART PLS software program, with an approach in modeling using the Structural Equation Model (SEM) analysis. The results of this study all research hypotheses were accepted and Organizational Culture was an intervening variable between Transformational Leadership on Organizational Performance and Management Control System on Organizational Performance.

From Numbers to Profits: How Member Count and Savings Drive Cooperative Success

2025-09-09T10:54:31+00:00

Cooperatives as economic organizations based on member participation have an important role in improving the social and economic welfare of the community. However, the main challenge facing cooperatives is how to maximize profitability while still maintaining the basic principles of cooperatives. This study aims to analyze the effect of the number of members and total deposits on cooperative profitability, using the remaining results of operations (SHU) as a performance indicator. The method used in this research is quantitative to examine the relationship between the independent variables, namely the number of members and deposits of cooperative members, while the dependent variable is SHU in cooperatives. The data used is secondary data from the Ministry of Cooperatives of the Republic of Indonesia from 2000 to 2023. The results showed that both the number of members and deposits have a positive and significant influence on the SHU of cooperatives, which indicates the importance of member and deposit management in driving the financial success of cooperatives. The implications of these findings provide insights for cooperative managers to increase member engagement and deposit management efficiency to improve profitability. Separating cooperatives based on their type is of particular interest for future research

The Influence of NPM, ROA, and EPS on Stock Prices in Food and Beverage Firms

2025-09-09T10:57:16+00:00

The fluctuation of stock prices in the food and beverage sector reflects investor responses to various financial performance indicators. This study aims to analyze the influence of Net Profit Margin (NPM), Return on Assets (ROA), and Earnings Per Share (EPS) on stock prices in 19 food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Using a descriptive-verificative approach, the research employs multiple linear regression analysis based on secondary data from audited financial statements. The findings reveal that NPM has a significant negative effect on stock prices, indicating that higher margins do not always attract investor interest. ROA, although positively associated, does not have a statistically significant effect. In contrast, EPS has a significant positive impact, suggesting it is a key factor influencing investor decisions. Simultaneously, NPM, ROA, and EPS together significantly affect stock prices. These results underscore the importance of EPS as a reliable performance measure, while also suggesting that other qualitative or external factors may moderate the relationship between profitability ratios and market valuation. This research provides practical insights for investors, financial analysts, and company management in evaluating and responding to firm performance indicators.

Employee Performance Analysis with Digital Business Transformation and Organizational Culture as Leveraging Factors

2025-09-09T10:58:49+00:00

Digital business transformation, driven by technologies such as big data analytics, machine learning, and artificial intelligence, plays a crucial role in enhancing organizational competitiveness. However, its success is also significantly influenced by organizational culture, which supports collaboration, open communication, and the acceptance of change. This study aims to investigate the relationship between digital transformation, organizational culture, and employee performance at PT Permodalan Nasional Madani (PNM) Regional Pekanbaru 2. The research found that digital transformation did not significantly impact employee performance, primarily due to the suboptimal implementation of digital initiatives and employees' insufficient digital readiness. On the other hand, organizational culture had a significant positive effect on employee performance. A culture that fosters collaboration, openness, and adaptability was shown to enhance employee motivation and productivity. The study concludes that a strong organizational culture is essential for successfully implementing digital transformation and improving employee performance. Therefore, PNM Pekanbaru 2 should focus on strengthening its organizational culture and provide continuous training to support the effective integration of new technologies, ultimately improving overall performance.

Analyzing the Impact of Attractions, Accessibility, and Facilities on Customer Value in Tourism Destinations

2025-09-10T09:09:04+00:00

Abstract: Tourism is a strategic sector that stimulates economic growth and community welfare, yet in many destinations the perceived value by tourists remains moderate due to weaknesses in attractions, accessibility, and facilities. This study aims to analyze the influence of these three factors on customer value in tourist destinations. The research used a quantitative approach with 400 respondents selected through proportional cluster random sampling in coastal areas. Data were analyzed using Structural Equation Modeling (SEM) with LISREL to test the causal relationships and measurement model validity. The results indicate that attractions, accessibility, and facilities significantly and positively affect customer value, explaining 68.9% of its variance, with attractions having the strongest effect (36.7%), followed by accessibility (31.5%) and facilities (23.2%). Descriptive findings show that these variables are perceived as “fairly good” to “good,” with comfort contributing most to customer value, while efficiency remains low. The study concludes that strengthening sustainable attractions, improving digital and physical accessibility, and enhancing facility completeness and quality are essential strategies to elevate customer value and competitiveness of tourist destinations. These findings provide practical insights for managers and policymakers to improve service quality and tourist satisfaction systematically.

The Effect of Transformational Leadership and Adhocracy Organizational Culture on Organizational Commitment with Work Engagement as A Mediating Variable in Digital Start-Up Employees

2025-09-10T09:26:35+00:00

Leadership and culture plays an important role in attracting and retaining employees, especially the dominant organizational culture found in startups is adhocracy culture. The purpose of the study is to explain the effect of transformational leadership and adhocracy culture in digital startup companies on organizational commitment and examine the mediating effect of job attachment in this relationship. This study uses a quantitative approach to examine the influence of transformational leadership and adhocracy culture on organizational commitment with work engagement as a mediating variable. Data were collected from 256 digital startup employees in Indonesia through a closed questionnaire using a 1–6 Likert scale. The research instruments included GTL, OCAI and scales. Validity was tested using KMO, and reliability was assessed using Cronbach’s Alpha. Data analysis was conducted using Structural Equation Modeling (SEM) with LISREL 8.8 software. The results showed that job attachment affects organizational commitment as well as being a mediating variable that can affect the relationship between transformational leadership and adhocracy culture on organizational commitment of digital startup employees. These findings can be used to improve organizational commitment by exploring more deeply the use of transformational leadership and adhocracy culture that lead to work engagement and improve employee engagement.

The Effect of Hospital Service Quality, Perceived Value, and Perceived Price on Patient Loyalty and Patient Satisfaction

2025-09-10T09:38:07+00:00

Public health centers play a strategic role in shaping positive patient experiences that influence satisfaction and loyalty. This study aims to analyze the influence of service quality, perceived value, and perceived price on patient satisfaction and loyalty. Using a quantitative explanatory approach, data were collected from 397 respondents selected through purposive sampling from the 2023 patient population. The analysis was conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results show that service quality and perceived value have a positive and significant effect on patient satisfaction, while perceived price has a moderate influence. Patient satisfaction significantly mediates the relationship between the three independent variables and patient loyalty. These findings highlight the importance of improving service quality and enhancing perceptions of value and pricing to create a satisfying healthcare experience and foster long-term loyalty. The study provides practical insights for healthcare managers to strengthen service delivery and offer transparent pricing information, as well as empirical evidence for developing strategies to improve primary healthcare services based on patient satisfaction and loyalty.

The Effect of Profitability on Firm Value: The Role of Firm Size and Economic Crisis (2008–2024)

2025-09-10T10:25:00+00:00

Profitability is a key indicator of a company’s financial performance, influencing investor confidence and market valuation. However, its effect on firm value may vary depending on internal characteristics and external economic conditions. This study aims to analyze the effect of profitability on firm value by examining the moderating roles of firm size and economic crisis. Using a quantitative approach with moderated regression analysis, the research utilizes panel data from 2,050 companies listed in the Forbes Global 2000 during 2008–2024, resulting in 33,963 firm-year observations across multiple sectors and countries. Firm value is measured by market value (log-transformed), profitability by return on assets (ROA), and moderating variables include firm size and economic crisis, both measured as dummy variables. The results show that profitability significantly affects firm value, with a stronger impact for larger firms and a weaker impact during economic crises. Interaction analysis reveals that high profitability mitigates the negative effects of crises on firm value, indicating its role as a resilience factor. These findings highlight that the profitability–firm value relationship is contingent upon both internal attributes and macroeconomic conditions, offering insights for managers and investors in aligning strategic decisions with organizational capacity and prevailing economic environments.

The Role of Communication and Empathy in Building Emergency Patient Loyalty: A Mediation Study of Doctor-Patient Relationships

2025-09-10T10:27:18+00:00

The Emergency Department (ER) plays a central role as the first point of contact for critically ill patients, shaping their initial perceptions of hospital service quality. This study investigated the impact of communication and empathy demonstrated by ER doctors at Cideres Regional Hospital, Majalengka, on patient loyalty, with the doctor-patient relationship as a mediating variable. Using an exploratory quantitative approach, this study aimed to identify the relationship between variables. The number of samples obtained in this study meets the minimum required number of samples, and the validity test of the instrument data uses the Pearson correlation method and the reliability test uses the Cronbach's Alpha test. The Sobel test was used in the mediation approach and the t-test for the influence approach. The results showed that all data instruments passed the validity and reliability tests, and all research hypotheses were accepted. It was found that doctor communication and empathy, both directly and mediated by the doctor-patient relationship, positively and significantly increased ER patient loyalty. Empathy was identified as the dominant variable. Increased positive patient perceptions of empathetic behavior of health workers or doctors significantly correlated with increased ER patient loyalty at Cideres Regional Hospital. These findings underscore the importance of healthcare workers, particularly doctors, demonstrating a high level of empathy and effective communication when providing services in the ER.

Gen Z at Work: The Roles of Quiet Quitting, Career Support, and Engagement in Shaping Performance

2025-09-10T10:33:08+00:00

In response to rising concerns around quiet quitting, particularly among Generation Z, this study explores how behavioral withdrawal and proactive engagement shape employee performance in creative agency environments. This quantitative study investigates the influence of quiet quitting, perceived career support, and work engagement on the performance of Gen Z employees. Data were collected via a structured survey and analyzed using multiple linear regression to 125 respondents to determine the predictive power of each variable. The results indicate that quiet quitting significantly and negatively influences employee performance, while both perceived career support and work engagement positively affect performance. Organizations employing Gen Z talent should foster supportive environments that emphasize career development and encourage active engagement to reduce passive withdrawal behaviors such as quiet quitting. This study highlights the interplay between modern workplace disengagement (quiet quitting) and classic motivational drivers; thus, it offers timely insights into managing Gen Z performance within dynamic organizational settings.

The Effect of Live Streaming, Hedonic Shopping, and Shopping Lifestyle on Impulsive Buying Through Price Discounts

2025-09-10T10:41:00+00:00

Tik-Tok Shop is a social media application that is widely liked by almost all levels of society, including young people, including regular students of Sisingamangaraja XII Tapanuli University (UNITA). Many features are available in the Tik-Tok application, including tik-tok shop, which is given the convenience of conducting product/service buying and selling transactions such as live streaming , price discounts that can hypnotize all consumers. Where initially just browsing, then continued to become impulsive buying and this will eventually become hedonic shopping and shopping lifestyle so that it has an impact on high consumption. The number of samples used in this study was 86 people, using non-probability sampling techniques and using purposive sampling methods . The data analysis method used is path analysis with SEM ( Structural Equation Modeling). The results of the study show that partially Live Streaming has no significant effect on Impulsive Buying , partially Live Streaming has a significant effect on Price Discount , partially Hedonic Shopping has a significant effect on Impulsive Buying , partially Hedonic Shopping has a significant effect on Price discount , partially Shopping Lifestyle has a significant effect on Impulsive Buying , partially Shopping Lifestyle has a significant effect on Price Discount , partially Price Discount has a significant effect on Impulsive Buying . Live Streaming has a significant indirect effect on Impulsive Buying through Price Discount as an Intervening variable , Hedonic Shopping has a significant indirect effect on Impulsive Buying through Price Discount as an Intervening variable , and Shopping Lifestyle has a significant indirect effect on Impulsive Buying through Price Discount as an Intervening variable

Application of Economic Order Quantity (EOQ) and Economic Production Quantity (EPQ) Methods to Realize the Efficiency of Raw Material Inventory Costs

2025-09-11T02:11:43+00:00

The research on the Fish Meatballs CV. Sinar Bahari Indonesia highlights that they currently order raw materials using traditional methods based on estimates, without employing the Economic Order Quantity (EOQ) or Economic Production Quantity (EPQ) methods. This leads to ineffective control of fish raw materials and high total inventory costs. Implementing the EOQ method can improve inventory cost management by saving on ordering, storage, and shortage costs. Similarly, applying the EPQ method can enhance production cost efficiency by optimizing the order quantity based on production needs. Using these methods can result in significant savings and more effective control of inventory costs for the company.

Marketing Strategy Analysis in Optimizing Tourism Potential

2025-09-11T02:16:22+00:00

Batu Katak has significant potential to be developed as a leading tourist destination. However, despite its uniqueness and natural attractions, tourist visits to Batu Katak remain relatively low compared to other tourist destinations in Bahorok District, such as Bukit Lawang. This highlights the challenges in maximizing Batu Katak’s tourism potential. This study aims to develop a strategic marketing plan to optimize the tourism potential of Batu Katak Bahorok using SWOT analysis supported by IFAS and EFAS matrices. This study uses a mixed methods approach, combining qualitative and quantitative methodologies Employing a mixed-method approach, data were collected from stakeholders through interviews and questionnaires. The findings place Batu Katak in Quadrant I (growth oriented strategy), indicating strong internal strengths and favorable external opportunities. Key strengths include natural biodiversity and pristine environments, while weaknesses involve poor infrastructure and limited promotion. Opportunities lie in tourism promotion through digital marketing, while threats include environmental risks and competition. The integration of Maqashid Syariah principles in Batu Katak’s tourism development emphasizes a balance between economic, social, and environmental preservation aspects, ensuring that tourism remains sustainable and does not harm living beings or nature.

Understanding Investment Decisions Behavior: The Effects of Age-Based Investment Behavior, Risk Tolerance, and Financial Literacy Mediated by Investment Self-Efficacy

2025-09-11T02:23:14+00:00

The Indonesian capital market has seen significant growth, with a notable increase in investors, especially post-COVID-19 due to rising interest in digital investment tools. However, this growth doesn't always correlate with optimal investment decision-making quality. In Indonesia's complex stock market, investor behavior is a critical research area. Variables like age-based investment behavior, risk tolerance, and financial literacy significantly influence investment decisions. This influence, however, is not always direct, as investment self-efficacy can act as a crucial psychological mediator. Understanding these interrelationships is vital for both academic insights and developing effective financial education and investor protection policies in Indonesia. This quantitative survey study aims to comprehensively identify, analyze, and test the relationships between these variables using Structural Equation Modeling (SEM). Parameter estimation results indicate that X2 and x3 positively and significantly influence Y, while X1 does not show a significant effect on Y. Furthermore, Y has a highly significant positive impact on Z. Overall, these findings largely support the hypotheses, reinforcing the roles of financial literacy and X2 as significant determinants of Y, and Y's mediating role on Z.

The Influence of Specific, Macroeconomic and ESG Factors on Banking Liquidity Risk in Indonesia

2025-09-11T02:26:24+00:00

Liquidity risk remains a critical challenge for the banking sector, as it affects financial stability and the ability to meet short-term obligations. In Indonesia, banking liquidity is influenced by internal performance, macroeconomic conditions, and the growing emphasis on Environmental, Social, and Governance (ESG) practices. This study aims to examine the impact of bank-specific factors, macroeconomic indicators, and ESG scores on banking liquidity risk in Indonesia. Using panel data from Indonesian banks, liquidity risk is measured through two proxies: the liquid asset ratio (LC1) and the loan-to-total-assets ratio (LC2). The findings show that bank performance, represented by Net Interest Margin (NIM), positively affects LC1, while inflation has a negative impact. Bank capital and size are positively related to LC2, whereas income diversification and bank performance reduce LC2. ESG scores do not exhibit significant effects on liquidity risk. These results provide important implications for policymakers, bank managers, and researchers in designing strategies to enhance liquidity resilience and guide future studies on ESG’s role in liquidity management.

Analysis of Understanding and Belief in Interest in Becoming a Sharia Insurance Participant with Public Perception as an Intervening Variable

2025-09-11T02:49:33+00:00

This research is motivated by the low public understanding and trust in insurance, even though this insurance is very important for future life. This study aims to analyze the influence of public understanding and trust on the interest in becoming a Sharia insurance participant, with public perception as an intervening variable. The study was conducted in the rural area of Sibuhuan, Padang Lawas, considering the low penetration of Sharia insurance due to low public understanding and trust. A sample of 100 respondents was drawn from a population of 22,464 people, referring to the age distribution of BPS 2024–2025. Analysis using SmartPLS 4 showed that understanding and trust significantly influenced interest, with trust as the dominant factor. Public perception was proven to strengthen the relationship between understanding and trust on interest in participating in Sharia insurance.

Structural Model of the Influence of Corporate Fundamental Factors on Market Value: A SEM-PLS Approach on LQ45 Companies

2025-09-11T02:54:54+00:00

Market value reflects investor perceptions of a firm’s financial condition and future prospects. However, in emerging markets like Indonesia, discrepancies often occur between strong financial fundamentals and actual market valuation. This study aims to develop a structural model that analyzes the influence of fundamental financial factors on market value, with Return on Assets (ROA) as a mediating variable. The research was conducted on 15 companies, consisting of both non-financial and banking firms, consistently listed in the LQ45 Index during the 2021–2023 period. Secondary data were collected from audited financial statements and analyzed using a quantitative approach through Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results indicate that CAPEX, DER, FATA, SIZE, and WCTO simultaneously affect ROA with an R² value of 0.577. Partially, CAPEX has a significant positive effect, while SIZE and WCTO show significant negative effects on ROA. DER and FATA are not statistically significant. Furthermore, ROA positively affects PBV; however, it only explains 2.2% of the variance (R² = 0.022). These findings suggest that market value is not solely driven by internal performance, highlighting the importance of incorporating external and qualitative factors in future valuation models.

Implementation of Collaboration Between Affiliators and Brands: A Phenomenological Study in the Fashion Industry Through Social Media

2025-09-11T02:58:45+00:00

Social media has transformed marketing, with the fashion industry leveraging affiliate collaborations to blend personal narratives and product promotion. Despite Indonesia’s $8.6 billion social commerce market (2022), challenges like mismatched expectations and authenticity crises persist. This study aims to (1) explore affiliators’ subjective experiences in partnering with fashion brands, (2) identify collaboration mechanisms, (3) analyze challenges, and (4) assess partnership effectiveness. A phenomenological approach was adopted, with thematic analysis of open-ended questionnaires from 13 active affiliators. Two dominant models emerged: affiliate links and product bartering. Challenges included task-reward imbalances and restrictive brand guidelines. Effectiveness was measured via audience engagement, click-through rates, and personal branding gains. Successful collaborations require aligned values, transparent communication, and creative flexibility, offering actionable insights for affiliators and brands.

Repurchase Intention as the Impact of Service Quality and Atmosphere Store

2025-09-11T03:05:12+00:00

In business, service quality and store atmosphere have a very important relationship, this is

because when the service provided from a product or service is optimal in accordance with consumer expectations and supported by a good atmosphere, it will create a good company image in the minds of consumers. Service quality and store atmosphere can encourage consumers to make repeat purchases, this is because consumers who have received service according to their expectations and the atmosphere provided by the company provides comfort, consumers will feel happy with what they receive. This study aims to determine how the quality of service, store atmosphere, and repurchase interest at Delapan Belas Coffee And Beverages, Eatery. This study was conducted on consumers of Delapan Belas Coffee And Beverages, Eatery as a sample of 100 respondents by distributing questionnaires. The analysis method used is quantitative with descriptive and verification analysis. To process the data using Microsoft Excel 2019 and the SPSS 25 program for windows. The results of the study stated that the variables of service quality, store atmosphere, and repurchase interest are in the good category. The results also show that service quality has an impact on repurchase interest and store atmosphere has an impact on repurchase interest.