Oikonomia : Journal of Management Economics and Accounting
type: channel
description: Oikonomia : Journal of Management Economics and Accounting is a reputable scholarly publication dedicated to advancing the understanding and knowledge in the fields of management, economics, and accounting. This interdisciplinary journal serves as a platform for researchers, academics, and practitioners to contribute and disseminate high-quality research findings, innovative theories, and practical insights. Journal title : Oikonomia : Journal of Management Economics and Accounting Initials : Oikonomia Frequency : 4 (Four) times a year (December, February, May, August) DOI : 10.61942/oikonomia ISSN Online : 3047-602X Editor in Chief : Ronald N Girsang,SE., M.S.Ak Managing Editor : Nurul Fadhilah Assistant Editor : Dwi Siyamsih, S.E Publisher : PT. Hafasy Dwi Nawasena Indexing:
publisher: PT. Hafasy Dwi Nawasena
language: en-US
publication name: Oikonomia : Journal of Management Economics and Accounting
issn: 3047-602X
items: Consumer Behavior in the Digital Age: An Analysis of Changes in Consumption Patterns from a Behavioral Economics Perspective
items: OKR (Objectives and Key Results)-Based Performance Management in Improving Organizational Effectiveness
items: Strategic Management Analysis Using the VRIO Method and Porter’s Five Forces in UMKM TERAS BAPAK
items: Fintech and Risk Literacy: Understanding User Awareness of Digital Financial Risks
items: Digital Financial Literacy and Individual Financial Performance: An Analysis of Generation Z
items: Digital Leadership Strategies of School Principals in Addressing Educational Technology Disruption
items: Digital Accounting and Blockchain: Transforming Financial Record-Keeping in the Era of Decentralization
items: Digital Behavior in Organizations: Employee–Customer Interaction in Platform Ecosystems
items: Transformation of Education Management Based on Artificial Intelligence in Enhancing Learning Effectiveness in the Era of Society 5.0
items: Data-Driven Management: Transforming Organizational Decision-Making in the Digital Era
items: Green Accounting and Financial Performance: A Study of Environmentally-Oriented Companies
items: The Influence of Promotion on Purchasing Decisions of Zalora Marketplace Users
items: SWOT Analysis as a Strategy for Enhancing the Competitiveness of Creative Industry MSMEs at Snapbox Studios
items: The Role of Stakeholders in Preventing and Eradicating Land Mafia in Indonesia
items: Digital Financial Behavior in a Cashless Society: A Study of Changes in Consumption Patterns
items: https://jurnalhafasy.com/index.php/oikonomia/article/view/577
items: Earning Management and Firm Value: A Systematic Literature Review
items: The Implementation of Learning Analytics in Managerial Decision-Making in Educational Institutions
items: Determinants of Bank XZ'S Corporate Value: Liquidity, Leverage, and Profitability
items: Gig Economy Management: Strategies for Managing a Flexible Workforce in the Digital Ecosystem
items: The Role of Integrated Reporting in Enhaching Firm Value : A Stakeholder Theory Based Analysis
items: Green Investment and Financial Performance: Analysis of the Impact of Sustainable Investment

Consumer Behavior in the Digital Age: An Analysis of Changes in Consumption Patterns from a Behavioral Economics Perspective
type: item
description: This study examines changes in consumer behavior in the digital age through a behavioral economics lens, focusing on the cognitive biases, heuristics, and digital nudges that shape consumption patterns in online environments. The rapid expansion of e-commerce and social media platforms has fundamentally altered how individuals make purchasing decisions, introducing unprecedented complexities into consumer psychology. Employing a systematic literature review methodology, this research synthesizes findings from 20 peer-reviewed journal articles published between 2022 and 2025. The analysis reveals that digital environments strategically exploit loss aversion, anchoring bias, herding behavior, and the scarcity effect to stimulate impulsive purchasing and increase transaction volumes. Personalized algorithmic recommendations, social proof mechanisms, and digital payment frictionlessness collectively reduce cognitive resistance and amplify impulse buying tendencies. The study further demonstrates that Generation Z consumers exhibit heightened susceptibility to social media-driven behavioral nudges relative to older demographic cohorts. These findings contribute to the emerging literature on behavioral economics in digital markets by providing an integrated framework that connects specific platform design features with documented cognitive biases. This study concludes that understanding behavioral economic mechanisms in digital consumption contexts is essential for developing effective consumer protection policies and for designing ethically responsible digital marketing strategies.
creator: Suharyanto Suharyanto
rights: Copyright (c) 2026 Suharyanto Suharyanto https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-29
publication date: 2026-05-29
volume: 3
number: 3
starting page: 63
ending page: 73
doi: 10.61942/oikonomia.v3i3.597

OKR (Objectives and Key Results)-Based Performance Management in Improving Organizational Effectiveness
type: item
description: Effective performance management is crucial for improving organizational effectiveness, and one of the widely used systems is Objectives and Key Results (OKR). This study aims to analyze the implementation of OKR in enhancing organizational effectiveness, as well as the challenges and solutions encountered in its implementation. Using a Systematic Literature Review (SLR) approach, this research analyzes various studies related to OKR published in the last five years. The findings indicate that the application of OKR can enhance transparency, accountability, and employee engagement in achieving organizational goals. However, the most common challenges are communication gaps and unclear objectives. Organizations with a work culture that supports change and openness find it easier to successfully implement OKR. This study also finds that OKR implementation has the potential to foster a more proactive and accountable work culture. Therefore, OKR is not just a performance measurement system but also a tool for creating a continuous improvement cycle within the organization.
creator: Andi Makkulawu Panyiwi Kessi
rights: Copyright (c) 2026 Andi Makkulawu Panyiwi Kessi https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-18
publication date: 2026-05-18
volume: 3
number: 3
starting page: 172
ending page: 180
doi: 10.61942/oikonomia.v3i3.515

Strategic Management Analysis Using the VRIO Method and Porter’s Five Forces in UMKM TERAS BAPAK
type: item
description: Effective strategic management is a crucial requirement for Micro, Small, and Medium Enterprises (MSMEs) operating on provincial transit routes, particularly amid the rapid growth of the coffee shop industry and intensifying competition. This study analyzes the competitive position of Cafe Teras Bapak, located on Jl. Kertosono-Tulungagung, Kediri, using an integrative approach combining the VRIO framework and Porter’s Five Forces model. The study aims to evaluate internal capabilities, map external competitive dynamics, and formulate a sustainable competitive defense strategy. A descriptive qualitative methodology with a single case study design was employed, in which data were collected through quadrilateral source triangulation: in-depth interviews with the owner, field observations, digital sentiment analysis via Google Maps reviews, and comparative desk research on competitors. VRIO analysis results indicate that Cafe Teras Bapak possesses four sources of sustainable competitive advantage: professional espresso machines (proper coffee), authentic Joglo architecture, membership in Kediri’s pioneer coffee community, and organically built customer loyalty. Meanwhile, Porter’s Five Forces analysis identifies the threat of new entrants as the highest external pressure, successfully counterbalanced by low buyer bargaining power stemming from digitally verified customer loyalty. This study concludes that the integration of Joglo cultural identity with coffee technology specialization constitutes a strong and difficult-to-replicate positioning model for transit route businesses.
creator: Nova Nayla Rahmadhani
creator: Saheba Alfi Zahra
creator: Galuh Satya Samantha
creator: 吳阡瑀 吳阡瑀
creator: 黃雅妤 黃雅妤
creator: 余宛庭 余宛庭
creator: 李昱蓁 李昱蓁
creator: 張純螢 張純螢
creator: 林奕弦 林奕弦
rights: Copyright (c) 2026 Nova Nayla Rahmadhani, Saheba Alfi Zahra, Galuh Satya Samantha, 吳阡瑀 吳阡瑀, 黃雅妤 黃雅妤, 余宛庭 余宛庭, 李昱蓁 李昱蓁, 張純螢 張純螢, 林奕弦 林奕弦 https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-26
publication date: 2026-05-26
volume: 3
number: 3
starting page: 151
ending page: 159
doi: 10.61942/oikonomia.v3i3.606

Fintech and Risk Literacy: Understanding User Awareness of Digital Financial Risks
type: item
description: The rapid growth of financial technology (fintech) has transformed financial transactions while simultaneously introducing new risks such as digital fraud, data breaches, overspending, and financial vulnerability. This study aims to analyze how users understand digital financial risks based on their level of digital financial literacy and how this understanding influences their behavior in using fintech services. The research employs a quantitative explanatory design with data collected through an online questionnaire distributed to active fintech users. The data were analyzed using Structural Equation Modeling (SEM-PLS) to examine the relationships between digital financial literacy, risk perception, and fintech usage behavior. The findings reveal that digital financial literacy has a significant positive effect on risk perception and fintech usage behavior. Risk perception also significantly influences user behavior and partially mediates the relationship between literacy and behavior. These results indicate that users with higher literacy levels are more capable of recognizing risks and engaging in more responsible and informed financial practices. In conclusion, digital financial literacy plays a critical role in shaping users’ understanding of financial risks and promoting safer, more sustainable fintech usage.
creator: Afrizal Afrizal
rights: Copyright (c) 2026 Afrizal Afrizal https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-06
publication date: 2026-05-06
volume: 3
number: 3
starting page: 1
ending page: 10
doi: 10.61942/oikonomia.v3i3.585

Digital Financial Literacy and Individual Financial Performance: An Analysis of Generation Z
type: item
description: This study examines the influence of digital financial literacy on individual financial performance among Generation Z in Indonesia amid the rapid development of digital financial technology that has transformed financial management practices. As digital natives, Generation Z possesses strong potential to utilize digital financial tools, yet the relationship between digital financial literacy and financial performance remains underexplored. Using a quantitative survey approach, data were collected from 131 respondents aged 18–27 years through structured questionnaires and analyzed using multiple linear regression. The findings indicate that digital financial knowledge, digital financial skills, and digital financial behavior all have a significant positive effect on individual financial performance. Digital financial knowledge emerged as the strongest predictor (β = 0.421, p < 0.001), followed by digital financial skills (β = 0.318, p = 0.003) and digital financial behavior (β = 0.263, p = 0.012). Furthermore, the model explains 61.7% of the variance in financial performance (R² = 0.617). These findings demonstrate that digital financial literacy is a crucial determinant of financial well-being among Generation Z and highlight the importance of strengthening digital financial education through both formal and informal learning environments in the digital era.
creator: Eko Cahyo Mayndarto
creator: Wulandari Wulandari
creator: Ummy Kalsum
rights: Copyright (c) 2026 Eko Cahyo Mayndarto, Wulandari Wulandari, Ummy Kalsum https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-21
publication date: 2026-05-21
volume: 3
number: 3
starting page: 113
ending page: 123
doi: 10.61942/oikonomia.v3i3.604

Digital Leadership Strategies of School Principals in Addressing Educational Technology Disruption
type: item
description: The rapid advancement of educational technology has created significant disruption in teaching, learning, and school management, requiring effective digital leadership from school principals. This study aims to analyze how digital leadership strategies of school principals can address technological disruption and enhance school transformation. The research employs a qualitative approach with a descriptive-analytical design using a literature-based method. Data were collected from reputable scholarly journal articles and analyzed through content and thematic analysis to identify key patterns related to digital leadership, organizational readiness, and technology integration. The findings reveal that digital leadership plays a crucial role in shaping school vision, strengthening teacher competencies, fostering digital culture, and supporting data-driven decision-making. Principals who adopt transformational and strategic leadership approaches are more effective in integrating technology into pedagogical practices and improving institutional performance. However, challenges such as limited infrastructure, low digital literacy, resistance to change, and ethical concerns remain significant barriers. The discussion highlights that successful digital transformation requires adaptive leadership, continuous professional development, strong governance, and ethical frameworks. In conclusion, digital leadership of school principals is a key determinant of school success in facing technological disruption when supported by organizational readiness and sustainable strategies.
creator: Arman Paramansyah
rights: Copyright (c) 2026 Arman Paramansyah https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-12
publication date: 2026-05-12
volume: 3
number: 3
starting page: 20
ending page: 30
doi: 10.61942/oikonomia.v3i3.576

Digital Accounting and Blockchain: Transforming Financial Record-Keeping in the Era of Decentralization
type: item
description: The convergence of digital accounting and blockchain technology represents one of the most consequential transformations in contemporary financial management. This study conducts a systematic literature review to examine how blockchain technology reshapes financial record-keeping, transparency, auditability, and accountability in the era of decentralization. Drawing from 25 peer-reviewed publications spanning 2021 to 2026, this research synthesizes empirical findings and theoretical frameworks concerning the adoption, implementation, and outcomes of blockchain-based accounting systems. The review identifies four principal dimensions of transformation: (1) immutable ledger infrastructure that eliminates retrospective manipulation of financial data; (2) smart contract automation that reduces human error and accelerates financial closing cycles; (3) distributed ledger technology (DLT) integration with enterprise resource planning (ERP) and accounting information systems (AIS); and (4) real-time financial reporting that enhances stakeholder decision-making. This paper further explores persistent challenges, including regulatory ambiguity, interoperability limitations, energy consumption concerns, and the skills gap among accounting professionals. The novelty of this study lies in its integration of ESG reporting dimensions and decentralized governance implications into the blockchain-accounting nexus, areas insufficiently addressed in prior reviews. Findings indicate that blockchain adoption can reduce financial fraud, improve audit efficiency by up to 40%, and enable continuous real-time reporting, fundamentally altering the role of the accountant in a digitally decentralized economy.
creator: Muhammad Hasyim Ashari
rights: Copyright (c) 2026 Muhammad Hasyim Ashari https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-29
publication date: 2026-05-29
volume: 3
number: 3
starting page: 215
ending page: 225
doi: 10.61942/oikonomia.v3i3.616

Digital Behavior in Organizations: Employee–Customer Interaction in Platform Ecosystems
type: item
description: The accelerating digitalization of organizational environments has fundamentally reshaped how employees interact with customers, particularly within platform-mediated ecosystems. This study examines the nature, determinants, and consequences of digital behavior in organizations, with a specific focus on employee customer interaction dynamics within platform ecosystems. Drawing on a systematic synthesis of empirical and conceptual literature published between 2021 and 2026, this article develops an integrated research framework that identifies four key antecedents employee digital competence, organizational transformation support, AI-enabled automation tools, and digital workspace design and traces their effects on interaction quality, customer engagement, and organizational performance. The findings indicate that platform ecosystems serve as critical mediating contexts in which employee digital behaviors are enacted, amplified, or constrained. Value co-creation, ecosystem fluidity, and governance mechanisms emerge as pivotal moderating factors. The study contributes an integrative framework to the literature on digital organizational behavior, interactive marketing, and platform management, and offers practical guidance for organizations seeking to optimize digital touchpoints in customer service delivery.
creator: Suharyanto Suharyanto
rights: Copyright (c) 2026 Suharyanto Suharyanto https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-20
publication date: 2026-05-20
volume: 3
number: 3
starting page: 36
ending page: 44
doi: 10.61942/oikonomia.v3i3.601

Transformation of Education Management Based on Artificial Intelligence in Enhancing Learning Effectiveness in the Era of Society 5.0
type: item
description: The transformation of education management in the era of Society 5.0 requires the integration of advanced technologies such as Artificial Intelligence (AI) to enhance learning effectiveness and institutional performance. This study aims to analyze how AI-based education management transformation contributes to improving learning effectiveness through institutional, pedagogical, and ethical dimensions. This research employs a qualitative approach with a descriptive-analytical design using a literature-based method. Data were collected from relevant scholarly journal articles and analyzed using content and thematic analysis to identify patterns, relationships, and key findings related to AI implementation in education. The results indicate that AI significantly improves curriculum relevance, administrative efficiency, teacher performance, and personalized learning processes. AI also enhances student engagement and supports the development of 21st-century skills. However, challenges such as digital inequality, limited human resource readiness, and ethical concerns related to data privacy remain critical issues. The discussion highlights that the successful implementation of AI in education depends on strong policy support, continuous teacher training, and the establishment of clear ethical guidelines. In conclusion, AI-based education management transformation can effectively enhance learning outcomes in the Society 5.0 era when implemented through a balanced, human-centered, and well-regulated approach.
creator: Arman Paramansyah
rights: Copyright (c) 2026 Arman Paramansyah https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-12
publication date: 2026-05-12
volume: 3
number: 3
starting page: 53
ending page: 62
doi: 10.61942/oikonomia.v3i3.574

Data-Driven Management: Transforming Organizational Decision-Making in the Digital Era
type: item
description: The rapid advancement of digital technologies has fundamentally transformed how organizations collect, process, and utilize data to support strategic decision-making. This study examines the transformation of data-driven management within organizations, exploring how the integration of big data analytics, artificial intelligence, and advanced information management systems reshapes organizational decision processes, operational efficiency, and competitive performance. Drawing on a systematic literature review of eighteen recent empirical and theoretical studies (2017–2026), this paper synthesizes key themes including organizational data culture, analytical maturity, technology infrastructure, human capability development, and governance frameworks. Findings indicate that organizations with mature data-driven cultures exhibit significantly higher decision quality, strategic agility, and innovation capacity. However, successful transformation requires overcoming barriers such as data silos, resistance to change, lack of analytical talent, and ethical concerns around data governance. The study proposes a conceptual framework integrating five dimensions of data-driven organizational transformation and recommends a phased implementation pathway for managers seeking to advance their organizations toward full data-driven management.
creator: Herikson Tampubolon
rights: Copyright (c) 2026 Herikson Tampubolon https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-31
publication date: 2026-05-31
volume: 3
number: 3
starting page: 200
ending page: 209
doi: 10.61942/oikonomia.v3i3.611

Green Accounting and Financial Performance: A Study of Environmentally-Oriented Companies
type: item
description: This study examines the relationship between green accounting practices and the financial performance of environmentally-oriented companies. As sustainability becomes increasingly central to corporate strategy, understanding how environmental cost disclosure, environmental performance, and corporate social responsibility (CSR) reporting interact with profitability metrics is of growing importance. Drawing on a review of recent empirical literature spanning 2021–2026 and focusing on companies listed on major stock exchanges that have adopted environmental management frameworks, this article develops a conceptual model linking three key independent variables — green accounting disclosure, environmental performance (proxied by PROPER ratings), and CSR disclosure — to financial performance outcomes measured by Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). The findings suggest that green accounting and environmental performance exert significant positive effects on financial performance, while CSR disclosure shows mixed results depending on industry context. These results affirm the business case for environmental accountability and contribute to the growing body of literature on sustainable finance and green management accounting.
creator: Muhammad Hasyim Ashari
rights: Copyright (c) 2026 Muhammad Hasyim Ashari https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-29
publication date: 2026-05-29
volume: 3
number: 3
starting page: 104
ending page: 112
doi: 10.61942/oikonomia.v3i3.599

The Influence of Promotion on Purchasing Decisions of Zalora Marketplace Users
type: item
description: This study aims to analyze the effect of promotion on purchasing decisions of users in the Zalora marketplace in Jember. The research employs a quantitative approach using an explanatory research method. The data used are primary data collected through questionnaires distributed to Zalora users who have made at least one purchase, applying a purposive sampling technique. The research instrument utilized a Likert scale and was tested for validity and reliability. The data were analyzed using simple linear regression to examine the effect of the promotion variable on purchasing decisions. The results indicate that promotion has a positive and significant effect on purchasing decisions, as evidenced by a positive regression coefficient and a significance value of less than 0.05. These findings suggest that the more attractive and intensive the promotional programs—such as discounts, vouchers, and cashback the higher the likelihood that consumers will make purchasing decisions. This study implies that effective and sustainable promotional strategies are essential to enhance purchasing decisions and strengthen marketplace competitiveness.
creator: Nailin Nikmatul Maulidiyah
rights: Copyright (c) 2026 Nailin Nikmatul Maulidiyah https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-31
publication date: 2026-05-31
volume: 3
number: 3
starting page: 210
ending page: 214
doi: 10.61942/oikonomia.v3i3.560

SWOT Analysis as a Strategy for Enhancing the Competitiveness of Creative Industry MSMEs at Snapbox Studios
type: item
description: The creative industry, particularly self-photo studios, is growing rapidly along with the changing behavior of Generation Z consumers who prioritize experiences and social media content. However, creative SMEs like Snapbox Studios face challenges in maintaining competitiveness due to intense competition and operational limitations. This study aims to analyze internal factors (strengths and weaknesses) as well as external factors (opportunities and threats) faced by Snapbox Studios, and to formulate competitive strategies based on SWOT analysis. The method used is a descriptive qualitative approach with a case study design. Data were collected through in-depth interviews with the owner, direct observation, and documentation. The research results identify that the main strengths of Snapbox Studios lie in its unique vintage concept, affordable prices, strategic location, and proactive promotion through social media and KOL collaborations. The weaknesses identified include frequent hardware malfunctions, limited session capacity, suboptimal additional products, and the absence of a digital payment system and loyalty program. Opportunities that can be leveraged include activity-based experience trends, the popularity of short video content, and the increasing adoption of digital payments. The main threats come from four direct competitors, changes in social media algorithms, and low customer loyalty. Based on the SWOT matrix, four strategies are formulated: SO (aggressive), WO (turnaround), ST (diversification), and WT (defensive). The recommended top priorities are the integration of digital payments, routine hardware maintenance, optimization of additional products, and the development of a digital loyalty program. In conclusion, Snapbox Studios has the potential to grow by implementing strategies focused on service digitalization, operational improvements, and revenue diversification
creator: Dwi Afifah Nurzahra
creator: Siti Isma Maysaroh
creator: Fadhilah Aditya Akbar
creator: Hoang Le Thuy Linh
creator: 謝昕頤 謝昕頤
creator: 施宣妤
creator: 陳姵妍 陳姵妍
creator: 陳璦捷
rights: Copyright (c) 2026 Dwi Afifah Nurzahra, Siti Isma Maysaroh, Fadhilah Aditya Akbar, Hoang Le Thuy Linh, 謝昕頤 謝昕頤, 施宣妤, 陳姵妍 陳姵妍, 陳璦捷 https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-26
publication date: 2026-05-26
volume: 3
number: 3
starting page: 142
ending page: 150
doi: 10.61942/oikonomia.v3i3.608

The Role of Stakeholders in Preventing and Eradicating Land Mafia in Indonesia
type: item
description: This study aims to analyze the role of stakeholders in the prevention and eradication of land mafia practices in Indonesia using a Systematic Literature Review (SLR) approach. Land mafia is an organized crime in the land sector involving multiple actors and causing serious impacts on legal certainty, economic losses, and social conflicts within society. This research employs a qualitative method based on library research by analyzing relevant scientific articles, journals, and policy documents. The findings indicate that land mafia practices are carried out through various modus operandi, including document forgery, issuance of multiple land certificates, illegal land occupation, and collusion with public officials. Government efforts to prevent and eradicate land mafia include the establishment of the Anti-Land Mafia Task Force, digitalization of land services, implementation of electronic land certificates, and the Complete Systematic Land Registration (PTSL) program. In addition, the involvement of the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency, law enforcement agencies, local governments, supervisory institutions, society, and the private sector plays a crucial role in the effectiveness of land mafia eradication efforts. This study also identifies several challenges, such as weak inter-stakeholder coordination, limited integration of land administration data, and low legal literacy among the public. Based on stakeholder theory proposed by R. Edward Freeman, the success of land mafia prevention and eradication depends on the synergy among all parties involved
creator: Supadno Supadno
creator: Nur Wening
rights: Copyright (c) 2026 Supadno Supadno, Nur Wening https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-19
publication date: 2026-05-19
volume: 3
number: 3
starting page: 160
ending page: 171
doi: 10.61942/oikonomia.v3i3.595

Digital Financial Behavior in a Cashless Society: A Study of Changes in Consumption Patterns
type: item
description: The global transition toward cashless payment systems has significantly transformed consumer financial behavior by changing how individuals perceive, process, and respond to financial transactions. The decreasing physical interaction with money in digital payment systems is believed to reduce the psychological “pain of paying,” thereby encouraging more frequent and impulsive spending behavior. Although the use of digital payment platforms continues to increase rapidly, particularly in emerging digital economies, the relationship between cashless payment adoption, digital financial behavior, and changes in consumption patterns remains insufficiently explored. This study therefore aims to examine the influence of cashless payment adoption, digital financial behavior, and financial self-control on consumption pattern changes among active digital payment users in Indonesia. Using a quantitative survey design, data were collected from 125 respondents who actively use digital payment platforms and analyzed through multiple linear regression analysis supported by classical assumption testing to ensure model validity. The findings reveal that cashless payment adoption (β = 0.389, p < 0.001) and digital financial behavior (β = 0.304, p = 0.005) significantly increase consumptive behavior, while financial self-control shows a significant negative effect (β = −0.241, p = 0.024), indicating its role in limiting excessive consumption tendencies. Furthermore, the model explains 59.3% of the variance in consumption pattern changes (R² = 0.593), suggesting that these variables substantially contribute to evolving spending behavior in the digital era. Overall, the study concludes that cashless payment systems accelerate shifts toward more frequent and less deliberate spending patterns, while financial self-control functions as an important counterbalancing mechanism, highlighting the need for behaviorally informed digital financial literacy programs and spending-awareness features w…
creator: Ummy Kalsum
rights: Copyright (c) 2026 Ummy Kalsum https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-20
publication date: 2026-05-20
volume: 3
number: 3
starting page: 124
ending page: 133
doi: 10.61942/oikonomia.v3i3.605

https://jurnalhafasy.com/index.php/oikonomia/article/view/577
type: item
title: The Effect of Environmental Cost, Carbon Emission Disclosure, and Sustainability Reporting on Financial Performance of Consumer Non-Primary Sector Companies Listed on the Indonesia Stock Exchange:A Management Accounting Perspective with E-Views Analysis
description: This study analyzes the effect of environmental cost, carbon emission disclosure, and sustainability reporting on financial performance proxied by Return on Assets (ROA) in consumer non-primary sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period. The research population includes all consumer non-primary sector companies on the IDX, with a sample of 18 companies selected through purposive sampling technique, yielding 90 observation data (balanced panel). Data analysis employs panel data regression using E-Views 13 software, encompassing Common Effect, Fixed Effect, and Random Effect model estimation selected through the Chow Test, Hausman Test, and Lagrange Multiplier Test. The results indicate that: (1) environmental cost has a significant negative effect on ROA; (2) carbon emission disclosure has a significant positive effect on ROA; and (3) sustainability reporting has a significant positive effect on ROA. Simultaneously, the three independent variables significantly affect financial performance with a coefficient of determination (adjusted R²) of 0.6572 or 65.72%. These findings imply the importance of integrating environmental cost information and sustainability reporting into management accounting systems to support corporate strategic decision-making.
creator: Rani Nur Az-zahra Osman
creator: Mukhzarudfa Mukhzarudfa
creator: Ratih Kusumastuti
creator: Wiwik Tiswiyanti
rights: Copyright (c) 2026 Rani Nur Az-zahra Osman, Mukhzarudfa Mukhzarudfa, Ratih Kusumastuti, Wiwik Tiswiyanti https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-15
publication date: 2026-05-15
volume: 3
number: 3
starting page: 11
ending page: 19
doi: 10.61942/oikonomia.v3i3.577

Earning Management and Firm Value: A Systematic Literature Review
type: item
description: This study is about the idea of Earnings Management and Firm Value in accounting. It looks at how these ideasre connected and how they have changed over time. The study used a method called Systematic Literature Review, which's a way of carefully looking at lots of research papers. This study chose 10 research papers that were published between 2021 and 2026 from well-known places like Scopus, Web of Science and Emerald. The results of the study show that when companies do Earnings Management in a way that is not honest it can hurt the value of the company. This is because it makes it harder for people to know what is really going on with the company and it can also make the people in charge of the company do things that're not good for the company. If This study says that it is very important for companies to be honest about their finances and to have rules in place. Researchers should keep studying Earnings Management and look at new ways to detect it like using artificial intelligence. Earnings Management is a deal and companies need to be careful, about it. Earnings Management can hurt Firm Value so companies should try to avoid it. The study of Earnings Management and Firm Value is important. Will keep being studied in the future.
creator: Ade Sintya Lindora
rights: Copyright (c) 2026 Ade Sintya Lindora https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-19
publication date: 2026-05-19
volume: 3
number: 3
starting page: 134
ending page: 141
doi: 10.61942/oikonomia.v3i3.602

The Implementation of Learning Analytics in Managerial Decision-Making in Educational Institutions
type: item
description: The increasing availability of educational big data has transformed decision-making processes in educational institutions, necessitating the integration of learning analytics to support data-driven managerial practices. This study aims to analyze the implementation of learning analytics in strengthening managerial decision-making through an integrated and evidence-based approach. The research employs a qualitative method with a descriptive-analytical design using a literature-based approach. Data were collected from recent scholarly journal articles and analyzed through content and thematic analysis to identify key patterns related to learning analytics, decision-making processes, and institutional management. The findings reveal that learning analytics significantly enhances academic monitoring, curriculum evaluation, resource allocation, and strategic planning by providing predictive insights and real-time data. It also improves decision accuracy and organizational performance compared to traditional intuition-based approaches. However, challenges such as limited organizational readiness, data integration issues, and ethical concerns regarding data governance remain critical barriers. The discussion emphasizes that successful implementation requires strong leadership support, a data-driven organizational culture, adequate technological infrastructure, and continuous staff training. In conclusion, learning analytics can effectively strengthen managerial decision-making in educational institutions when supported by integrated governance, organizational readiness, and ethical data practices
creator: Arman Paramansyah
rights: Copyright (c) 2026 Arman Paramansyah https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-12
publication date: 2026-05-12
volume: 3
number: 3
starting page: 31
ending page: 41
doi: 10.61942/oikonomia.v3i3.575

Determinants of Bank XZ'S Corporate Value: Liquidity, Leverage, and Profitability
type: item
description: This study aims to determine the influence of liquidity and leverage on the company's value through profitability in bank "XZ" for a predetermined research period. The independent variables in this study are liquidity and leverage, the intervening variable is profitability, while the dependent variable is the company's value. The research method used is a descriptive and verifiable method with a quantitative approach. The data analysis techniques used include descriptive statistical analysis, linear regression analysis, t-test, F-test, and multiple regression analysis. The data used is secondary data obtained from the financial statements of the "XZ" bank. The results of the study show that liquidity has a negative and insignificant influence on profitability. Leverage has a positive but insignificant effect on profitability. Simultaneously, liquidity and leverage have no significant effect on profitability. Profitability has a negative effect on the value of the company. Liquidity and leverage also have a negative and insignificant effect on the value of the company. In addition, liquidity and leverage simultaneously do not have a significant effect on the value of the company through profitability.
creator: Kharis Yuwono Mardhi
creator: Dito Rinaldo
rights: Copyright (c) 2026 Kharis Yuwono Mardhi, Dito Rinaldo https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-31
publication date: 2026-05-31
volume: 3
number: 3
starting page: 191
ending page: 199
doi: 10.61942/oikonomia.v3i3.612

Gig Economy Management: Strategies for Managing a Flexible Workforce in the Digital Ecosystem
type: item
description: The rapid expansion of the gig economy has fundamentally transformed the nature of work, challenging traditional paradigms of human resource management (HRM) and organizational control. This article examines management strategies for flexible workforces operating within digital ecosystems, with particular emphasis on algorithmic management, digital platform dynamics, and their implications for worker autonomy, engagement, and performance. Drawing on a systematic review of peer-reviewed literature published between 2021 and 2025, this study synthesizes evidence from multiple disciplines including HRM, organizational behavior, information systems, and labor economics. The analysis identifies eight major thematic clusters, including algorithmic management, digital HRM, worker autonomy, recruitment processes, job crafting, regulation, socio-technical dynamics, and sector-specific findings. Results reveal that algorithmic control pervades gig work, creating tension between operational efficiency and worker well-being. Platform-mediated HRM replaces conventional managerial functions with data-driven mechanisms, raising critical questions about fairness, transparency, and worker representation. This article concludes with strategic recommendations for organizations, policymakers, and researchers seeking to navigate the complex landscape of gig workforce management in the digital age.
creator: Maulid Sakaria
rights: Copyright (c) 2026 Maulid Sakaria https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-20
publication date: 2026-05-20
volume: 3
number: 3
starting page: 94
ending page: 103
doi: 10.61942/oikonomia.v3i3.600

The Role of Integrated Reporting in Enhaching Firm Value : A Stakeholder Theory Based Analysis
type: item
description: Integrated Reporting (IR) has emerged as an innovative corporate reporting framework that integrates financial and non-financial information to demonstrate how organizations create sustainable value over time. In the context of increasing stakeholder demands for transparency and accountability, IR is considered an important mechanism for strengthening corporate legitimacy and enhancing firm value. Grounded in Stakeholder Theory, this study aims to analyze the role of Integrated Reporting in improving firm value through stakeholder-oriented disclosure practices. This research employs a quantitative approach using secondary data obtained from companies’ annual reports, integrated reports, and financial statements of publicly listed firms that implement integrated reporting practices. Data were collected using documentation techniques and analyzed using panel data regression analysis to examine the influence of Integrated Reporting Quality on firm value while controlling for firm size and leverage. The results indicate that Integrated Reporting Quality has a positive and significant effect on firm value as measured by Tobin’s Q. These findings suggest that companies with higher-quality integrated disclosures tend to achieve stronger market valuation due to improved transparency, reduced information asymmetry, and enhanced investor confidence. From the perspective of Stakeholder Theory, integrated reporting strengthens relationships with diverse stakeholders and improves corporate credibility in capital markets. In conclusion, integrated reporting plays a strategic role in enhancing firm value by improving transparency, stakeholder engagement, and long-term value creation.
creator: Muhammad Astri Yulidar Abbas
rights: Copyright (c) 2026 Muhammad Astri Yulidar Abbas https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-06
publication date: 2026-05-06
volume: 3
number: 3
starting page: 42
ending page: 52
doi: 10.61942/oikonomia.v3i3.566

Green Investment and Financial Performance: Analysis of the Impact of Sustainable Investment
type: item
description: This study investigates the relationship between green investment and corporate financial performance, analyzing the impact of sustainable investment practices on key financial indicators including Return on Assets (ROA), Return on Equity (ROE), and Tobin's Q. As environmental concerns grow and regulatory frameworks tighten globally, firms are increasingly allocating resources toward environmentally sustainable activities. Drawing upon a systematic review of 20 peer-reviewed studies published between 2018 and 2025, this research synthesizes evidence on whether green investments translate into measurable financial gains or represent a cost burden for firms. The analysis encompasses diverse industries and geographic contexts, including Indonesia, Europe, Ireland, and global markets. Findings reveal that green investment generally yields a positive effect on financial performance, particularly in the long run, though the magnitude varies by industry, firm size, and institutional environment. Environmental, Social, and Governance (ESG) disclosure quality and corporate social responsibility (CSR) practices are identified as significant mediating factors. Green financing instruments such as green bonds also contribute to enhanced corporate performance. This study contributes to the growing body of sustainable finance literature by providing a comprehensive overview of mechanisms linking green investment to financial outcomes and offers.
creator: Ida Ayu Putu Megawati
creator: Ni Nengah Rupadi Kertiriasih
creator: Made Ratih Nurmalasari
creator: Putu Putri Prawitasari
creator: Ni Putu Ari Krismajayanti
rights: Copyright (c) 2026 Ida Ayu Putu Megawati, Ni Nengah Rupadi Kertiriasih, Made Ratih Nurmalasari, Putu Putri Prawitasari, Ni Putu Ari Krismajayanti https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-25
publication date: 2026-05-25
volume: 3
number: 3
starting page: 181
ending page: 190
doi: 10.61942/oikonomia.v3i3.609