JURNAL ECONOMINA

Analysis of Consumer Purchasing Decisions Influenced by Consumer Trust, Price Perception, and Product Quality (Case Study of the “Cicil Emas Galeri” Program at the Kejambon Tegal Branch of PT. Pegadaian Persero)

2026-07-14T02:32:52+00:00

Gold is often viewed as a relatively safe asset for long-term investment. The focus of this study is to analyze the decline in purchase decisions for the “Cicil Emas Galeri” program at the Kejambon Tegal Branch of PT. Pegadaian PERSERO. This downward trend in purchases indicates a shift in consumer behavior, particularly regarding trust, price perceptions, and product quality assessments. This study employs both quantitative and qualitative research methods. The data used consists of primary data collected from respondents via questionnaires, utilizing non-probability sampling techniques and a purposive sampling method. The study population consisted of 1,325 individuals—all active users of gold services, programs, or installment plans at the Kejambon Tegal branch of PT. Pegadaian (Persero)—with a sample size of 100 respondents. The data were then processed and analyzed using classical assumption tests, multiple linear regression analysis, and hypothesis testing (t-test, F-test, and coefficient of determination test). The results of the study showed that the third variable, Consumer Trust, with a significance value (0.000 < 0.05), had a positive effect on the Purchase Decision, meaning H1 is supported; Price Perception, with a significance value (0.000 < 0.05) has a positive effect on purchase decisions, meaning H2 is supported; Product Quality, with a significance value of (0.000 < 0.05), has a significant effect on purchase decisions, meaning H3 is supported. The variables of consumer trust, price perception, and product quality have a simultaneous effect on purchasing decisions, with a significance level of 0.000 < 0.05, meaning that Hypothesis 4 is supported.

Psychological Underpinnings of Digital Investing: The Interplay Between Behavioral Biases and Financial Self-Efficacy

2026-07-04T14:58:35+00:00

This study aims to analyze the influence of behavioral bias and financial self-efficacy on individual investment decisions, particularly among the younger generation engaged in digital investment. This study used a quantitative explanatory approach involving 400 respondents who are active investors on digital platforms. Data were collected through questionnaires and data analysis techniques using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method. The results show that behavioral biases, namely cognitive bias and emotional bias, and financial self-efficacy have a positive and significant influence on investment decisions. These results explain that investor behavior in the digital capital market is not entirely based on rational considerations, but is heavily influenced by internal factors such as emotional drives and self-confidence in personal financial capabilities. This research is expected to be useful in the development of educational features and investor protection policies to minimize impulsive actions in young investors.

The Influence of Total Assets, Investment Breakdown, Inflation, and Interest Rates on Gross Premium Growth in the Indonesian General Insurance Industry (2018–2025)

2026-07-18T13:36:56+00:00

This study aims to analyze the effect of Total Assets, Investment Details, Inflation, and Interest Rates on the Gross Premium of the general insurance industry in Indonesia for the 2018–2025 period. The research utilizes a quantitative approach with monthly secondary data obtained from the Financial Services Authority (OJK), the Central Bureau of Statistics (BPS), and Bank Indonesia (BI). The analysis technique used is multiple linear regression processed through EViews 12, consisting of classical assumption tests, partial test (t), simultaneous test (F), and coefficient of determination (Adjusted R²). The results show that Total Assets has a positive and significant effect on Gross Premium, Investment Details has a negative and significant effect on Gross Premium, Inflation has no significant effect on Gross Premium, while Interest Rates has a positive and significant effect on Gross Premium. Simultaneous testing indicates that all independent variables collectively have a significant effect on Gross Premium, explaining 47.60% of the model’s variance, while the remaining is influenced by other variables outside the model. The research findings suggest that the development of Gross Premium in Indonesia’s general insurance industry is highly driven by the internal financial strength of the firms rather than macro-level indicators individually, emphasizing that asset strengthening, prudent investment management, and corporate financial health are essential aspects of insurance industry growth

Analysis of Ecotourism Development from an Islamic Perspective

2026-07-09T12:51:13+00:00

This study examines the development of ecotourism from an Islamic perspective, focusing on the application of Islamic values, the various challenges that arise, and an ideal model relevant to the social and cultural context of Indonesia. This study employs a qualitative method using a literature review approach. The data sources include the Qur’an, authentic hadiths, classical fiqh literature, and national tourism policy documents. The results indicate that the development of ecotourism grounded in Islamic values has a solid theological foundation through the concepts of khalifah, amanah, and mizan. The application of Islamic values in ecotourism practices includes environmental conservation, community empowerment, the implementation of business ethics, and the provision of facilities that are welcoming to Muslim tourists. Nevertheless, the development of ecotourism based on Islamic values still faces various significant challenges, such as limited infrastructure, low public awareness, suboptimal regulations, and the dilemma between applying Islamic values and the principle of inclusivity. An ideal model for ecotourism development from an Islamic perspective must integrate the principles of maqasid al-shari’ah, the pentahelix collaboration approach, and the harmonization of Islamic values with local wisdom. Therefore, this study recommends strengthening Sharia-based regulations, enhancing community empowerment, and developing supporting infrastructure to realize sustainable Islamic ecotourism.

The Influence Of Sharia Insurance Education Through Social Media And The Role Of Ulama On Increasing Public Awareness Of Sharia Insurance

2026-07-17T03:13:30+00:00

Although the Islamic insurance industry in Indonesia shows positive developments, the level of public awareness in using Islamic insurance products is still relatively low. This condition indicates that efforts to increase public knowledge, understanding, and trust in Islamic insurance still need to be optimized. This study aims to analyze the effect of Islamic Insurance Education through Social Media and the Role of Ulama on Public Awareness in Islamic Insurance in Medan City. The research data was obtained through questionnaires and analyzed using SPSS version 30 with validity tests, reliability tests, classical assumption tests, multiple linear regression analysis, partial tests (t-test), simultaneous tests (F-test), and coefficient of determination tests. The results show that Islamic Insurance Education through Social Media has a positive and significant effect on Public Awareness in Islamic Insurance (β = 0.491; p = 0.003). In addition, the Role of Ulama also has a positive and significant effect with a more dominant contribution (β = 0.919; p = 0.000). Simultaneously, both variables had a positive and significant effect on Public Awareness (F = 56.667; p = 0.000).Two independent variables explain 52.9% of the variation in public awareness, while the remaining 47.1% is influenced by factors not included in the research model, based on an *Adjusted R-squared* value of 0.529. This finding indicates that the synergy between education through social media and the role of religious scholars is an effective strategy in increasing public awareness, understanding, and trust in Islamic insurance.

Keywords: Social Media Education, Role of Religious Scholars, Public Awareness, Islamic Insurance

Analysing The Impact Of Product Completeness, Service Quality, And Price Discount on Consumer Purchasing Decisions at CV. Sarijaya Agro Pemalang

2026-07-08T13:18:09+00:00

The agribusiness sector has become more competitive, so companies must optimize their marketing strategies to increase consumer purchases. This study aims to analyze consumer purchasing decisions and the factors that influence them. This is a quantitative study, with the population consisting of consumers of CV. Sarijaya Agro Pemalang and a sample of 100 respondents. The sampling technique used was non-probability sampling via the accidental sampling method. The collected data were analyzed using SPSS software to test classical assumptions, perform linear regression analysis, and conduct hypothesis testing. The results indicate that all variables—product completeness, service quality, and price discounts—influence purchasing decisions both partially and simultaneously

When Global Brand Reputation Isn't Enough: The Role Of Product Features And Brand Image In Shaping Hp Laptop Purchase Interest

2026-07-17T03:04:30+00:00

Although HP is one of the world's leading laptop brands with a strong global reputation, a preliminary survey indicated that it is not yet the primary choice among university students due to their evaluation of product features and perceptions of brand image. This condition highlights the need to examine the factors that influence students' purchase intention toward HP laptops. This study aims to analyze the effects of product features and brand image on the purchase intention of HP laptops among students of the Faculty of Economics and Business, University of Mataram. This research employed a quantitative approach with an associative research design. A total of 100 students were selected using purposive sampling. Data were collected through a Likert-scale questionnaire and analyzed using multiple linear regression with IBM SPSS Statistics. The results revealed that product features had a positive and significant effect on purchase intention (B = 0.403; p < 0.001), while brand image also had a positive and significant effect on purchase intention (B = 0.366; p < 0.001). Simultaneously, both variables explained 63.9% of the variance in students' purchase intention (R2 = 0.639). These findings provide empirical evidence that functional evaluation through product features and perceptual evaluation through brand image play important roles in shaping students' purchase intention toward HP laptops. The findings also offer practical insights for companies in developing product innovation and strengthening brand image strategies to better meet the needs of young consumers.

Does Financial Risk Education Improve Financial Literacy? Evidence from a Quasi-Experimental Study among Indonesian University Students

2026-07-04T14:23:26+00:00

The rapid expansion of digital financial services has increased the importance of financial literacy, particularly among young adults who are increasingly exposed to consumer credit products, online lending, and buy-now-pay-later services. This study aims to evaluate the effectiveness of a financial risk education program in improving financial literacy among Indonesian university students. A quantitative approach employing a one-group pretest-posttest quasi-experimental design was used. The study involved 70 undergraduate students from the Faculty of Economics, Universitas Sriwijaya, who participated in a financial risk education program covering financial literacy, consumer financing, responsible borrowing behavior, digital financial services, and financial risk management. Data were collected through structured questionnaires administered before and after the intervention and analyzed using the Wilcoxon Signed-Rank Test. The findings revealed a significant improvement in participants’ financial literacy following the intervention, with the mean score increasing from 30.04 to 30.94. The Wilcoxon test indicated a statistically significant difference between pretest and posttest scores (Z = 2.151; p = 0.0315). Furthermore, participants demonstrated a high level of understanding regarding responsible borrowing, the risks associated with excessive use of paylater services, and impulsive buying behavior. These findings suggest that financial risk education can serve as an effective strategy for enhancing financial literacy and promoting more responsible financial decision-making among university students.

Boosting the Performance of Culinary MSMEs Through Marketing, Product Innovation, and Word of Mouth: Empirical Evidence in Jepara Regency

2026-07-13T13:38:27+00:00

Amidst fierce business competition, MSME operators are required to offer added value and enhance their business competitiveness. This study aims to analyse the role of packaging, product innovation and word-of-mouth in improving the business performance of MSME operators in Jepara Regency. A quantitative approach was employed using an associative research design. Questionnaires were distributed to MSME operators using purposive sampling to collect data from 100 respondents. The data were then analysed using multiple linear regression to test the relationships between the variables. The results indicate that, both partially and simultaneously, the variables of packaging, product innovation and word-of-mouth have a positive and significant effect on the business performance of SMEs in Jepara Regency. Product innovation is the most dominant factor in driving the growth of the culinary sector in Jepara. The Adjusted R-squared coefficient was 0.619, indicating that these three variables account for 61,9% of the variation in SME business performance, whilst the remainder is influenced by factors outside the scope of this study. These findings suggest that strategies focusing on packaging development, product innovation, and strengthening word-of-mouth communication are crucial factors in enhancing the success of culinary SMEs in Jepara Regency amidst an ever-evolving market landscape.

Accountability in Green Waqf Management in Support of the Sustainable Development Goals (SDGs): A Study of Miftahul Ulum Islamic Boarding School

2026-06-24T07:52:28+00:00

This study aims to analyze the accountability of green waqf management at Miftahul Ulum Islamic Boarding School from the perspective of the Sustainable Development Goals (SDGs). The study is motivated by the importance of strengthening accountability to achieve transparent, professional, and sustainable waqf governance. This research employed a qualitative method with a case study approach through in-depth interviews, observations, and documentation involving waqf administrators at the Islamic boarding school. The findings reveal that the implementation of green waqf at Miftahul Ulum Islamic Boarding School contributes significantly to the achievement of the SDGs, particularly No Poverty (SDGs 1), Zero Hunger (SDGs 2), Quality Education (SDGs 4), and Clean Water and Sanitation (SDGs 6). However, the accountability system remains traditional and centered on the Kiai as the highest authority, with accountability mechanisms that are largely internal and trust-based. Limited formal documentation, written reporting, and asset legalization remain major challenges in establishing professional and modern waqf governance. This study recommends strengthening the capacity of nadzir, implementing digital reporting systems, and enhancing collaboration with relevant institutions to integrate sharia accountability principles and environmental sustainability in the management of green waqf in Islamic boarding schools.

Analysis Of Risk Management, Operational Efficiency, And Sharia Financial Inclusion In The Operational Performance Of Insurance Services At The Setia Budi Medan Branch Of Syariah Pawnshop

2026-07-13T12:11:06+00:00

This study aims to analyze risk management, operational efficiency, and Islamic financial inclusion in supporting the operational performance of insurance services at Pegadaian Sharia Setia Budi Medan. The research used a descriptive qualitative approach involving 15 informants and analyzed using NVivo 14 through the stages of open coding, axial coding, and selective coding. The results of the study show that risk management is the most dominant theme in supporting the operational performance of insurance services. The application of risk identification, risk assessment, and determination of risk attitudes and solutions is able to maintain asset security and service quality. Operational efficiency is supported by administrative digitalization, non-cash transactions, and resource optimization, while Islamic financial inclusion is realized through the provision of accessible products, public education, and the use of digital technology. Overall, the operational performance of insurance services at Pegadaian Syariah Setia Budi Medan Branch is in good condition, supported by effective risk management, optimal operational efficiency, and wider Islamic financial inclusion.

Seaweed Cultivation to Increase Community Economic Income from an Islamic Economic Perspective (Case Study in Langgudu District, Rompo Village)

2026-07-17T03:03:16+00:00

This study was conducted to examine the role of seaweed farming in increasing community income and to analyze its implementation based on the principles of Islamic economics in Rompo Village, Langgudu Subdistrict, Bima Regency. This study employed a qualitative approach using field research methods. Data collection was conducted through observation, in-depth interviews, and documentation. The findings reveal that seaweed farming activities in Rompo Village are carried out through a series of processes that integrate local community knowledge with the involvement of family labor. This enterprise makes a tangible contribution to the household economies of the farmers, with net income ranging from Rp400,000 to Rp1,500,000 per production cycle. The income earned is primarily allocated to meet basic family needs, education expenses, and healthcare costs. From an Islamic economic perspective, the production and trade of seaweed have embodied the values of honesty, justice, cooperation, and responsibility. Nevertheless, transparency in pricing and the financing system still needs to be strengthened to prevent inequality while ensuring the sustainability of the business in accordance with Sharia principles.

The Influence of Corporate Social Responsibility on Values Companies in the Coal Subsector Companies Listed on the Indonesia Stock Exchange for the 2020-2024 Period

2026-07-04T14:56:17+00:00

This study aims to analyze the effect of Corporate Social Responsibility on firm value in coal mining sub-sector companies listed on the Indonesia Stock Exchange during the period 2020-2024. The study is based on stakeholder theory, which emphasize that companies are responsible not only to stakeholders but also to all stakeholders. The research employs a quantitative method using secondary data obtained from financial statements, annual reports, and sustainability reports. The sampling technique used is purposive sampling, resulting in 13 companies with a total of 65 observations. Data were analyzed using simple linear regression with the assistance of SPSS version 26. The results indicate that Corporate Social Responsibility has a positive and significant effect on firm value with a significance value of 0.024. the Adjusted R Square value of 0.063 indicates that Corporate Social Responsibility explains 6,3 % of the variation is explained by other factors outside the research model. Therefore, the higher the level of Corporate Social Responsibility disclosure, the higher the firm value.

Regional Economic Development Planning Based on the Agriculture, Forestry, and Fisheries Sectors to Reduce Poverty in the Regencies and Municipalities of West Nusa Tenggara Province, Indonesia (2019–2023)

2026-07-17T12:48:08+00:00

This study is motivated by the substantial contribution of the agriculture, forestry, and fisheries sectors to the Gross Regional Domestic Product (GRDP) of West Nusa Tenggara (NTB) Province, accounting for approximately 22–23%, which has not been accompanied by a significant reduction in poverty. The study aims to analyze the potential of these three sectors and formulate effective regional economic development strategies to reduce poverty. A descriptive qualitative approach was employed through in-depth interviews, observations, and document analysis of regional development planning documents. The findings indicate that the potential of the primary sectors has not been optimally utilized due to low value-added activities and limited downstream industrial development. Furthermore, policy implementation is constrained by inadequate infrastructure, limited data availability, and insufficient human resource capacity and technological capability. The recommended strategies include modernizing the primary sectors, strengthening cross-sectoral coordination, and accelerating downstream development to increase value added and improve community income, thereby contributing to sustainable poverty reduction.

The Effects of Green Accounting, Green Innovation, and Green Competitive Advantage on Sustainability Performance at Hotels In East Kalimantan

2026-07-04T14:47:38+00:00

This study aims to analyze the effects of green accounting, green innovation, and green competitive advantage on sustainable performance in the hospitality industry in East Kalimantan Province. Using a quantitative approach, primary data were collected from the entire population of hotel managers in the region and analyzed using Partial Least Squares-based Structural Equation Modeling (PLS-SEM). The results of the study reveal that: (1) Green accounting has no significant effect on sustainability performance (P = 0.826), indicating that the allocation of environmental costs is still limited to short-term administrative compliance; (2) Green innovation has a positive and significant effect on sustainability performance (p = 0.000), proving that environmentally friendly product and process innovations are effective in reducing waste;

(3) Green competitive advantage has a positive and significant effect and is the most dominant determinant of sustainability performance (p = 0.000, path coefficient = 0.628). The implications of this study confirm that hotel management must transform its ecological commitment into a market differentiation strategy in order to achieve holistic sustainability.

Penelitian ini bertujuan untuk menganalisis pengaruh akuntansi hijau, inovasi hijau, dan keunggulan kompetitif hijau terhadap kinerja keberlanjutan di industri perhotelan di Provinsi Kalimantan Timur. Dengan menggunakan pendekatan kuantitatif, data primer dikumpulkan dari seluruh populasi manajer hotel di wilayah tersebut dan dianalisis menggunakan Pemodelan Persamaan Struktural berbasis Partial Least Squares (PLS-SEM). Hasil penelitian menunjukkan bahwa: (1) Akuntansi hijau tidak memiliki pengaruh signifikan terhadap kinerja keberlanjutan (P = 0,826), menunjukkan bahwa alokasi biaya lingkungan masih terbatas pada kepatuhan administratif jangka pendek; (2) Inovasi hijau memiliki pengaruh positif dan signifikan terhadap kinerja keberlanjutan (p = 0,000), membuktikan bahwa inovasi produk dan proses yang ramah lingkungan efektif dalam mengurangi limbah; (3) Keunggulan kompetitif hijau memiliki pengaruh positif dan signifikan serta merupakan penentu paling dominan terhadap kinerja keberlanjutan (p = 0,000, koefisien jalur = 0,628). Implikasi dari penelitian ini menegaskan bahwa manajemen hotel harus mengubah komitmen ekologisnya menjadi strategi diferensiasi pasar untuk mencapai keberlanjutan holistik.

The Impact of Understanding Microinsurance and Risk Mitigation on the Business Resilience of Microinsurance Participating MSMEs

2026-07-13T13:19:05+00:00

This study aims to analyze the influence of microinsurance understanding and risk mitigation on the business resilience of microinsurance participating MSMEs in Medan's Central Market Center. This research uses a quantitative method with the SEM-PLS approach through the SmartPLS 4 application, with a sample of 95 respondents selected using a purposive sampling technique. The results of the data analysis indicate that the Microinsurance Understanding variable has a positive and significant influence on MSME business resilience (t = 3.379; p = 0.001). In contrast, the Risk Mitigation variable does not show a significant influence on MSME business resilience (t = 0.367; p = 0.714). This is influenced by the very high conceptual overlap in the eyes of respondents between the two independent variables (HTMT = 0.982), where business actors consider concrete risk mitigation actions to be inherent in the microinsurance instrument itself. Simultaneously, this model is able to explain the variance in MSME business resilience by 37.2% (R^2 = 0.372). These findings indicate that deepening insurance literacy is a crucial key to increasing the financial resilience of business actors in the face of economic uncertainty.

Identifying Research Frontiers In Dynamic Pricing Capability And Revenue Optimization Using Bibliometric Science Mapping Techniques

2026-07-04T14:33:06+00:00

This study aims to identify the knowledge structure, patterns of scientific collaboration, the evolution of research themes, and research frontiers in the study of Dynamic Pricing Capability (DPC) and Revenue Optimization (RO) during the period 2020-2025. The study uses a quantitative-descriptive bibliometric approach with data sources derived from the Dimensions database using the keywords "Dynamic Pricing Capability and Revenue Optimization". The analysis was conducted using VOSviewer software through seven main visualizations: annual publication trends, network visualization, overlay visualization, density visualization, author collaboration, institutional collaboration, and country collaboration. The results show that publications in this field experienced very significant growth, especially in the period 2024-2025, indicating increasing academic attention to dynamic pricing strategies in the era of digital transformation. The themes of price and profitability optimization, supply and demand chain management, organizational capabilities and innovation, and data-driven digital transformation dominate the research knowledge structure. Collaboration analysis shows the dominance of contributions from China, the United States, and a number of leading research institutions that form a global scientific network. Meanwhile, the analysis of the theme's evolution reveals a shift in research focus from an operational approach to the integration of artificial intelligence, machine learning, the digital economy, and organizational innovation. These findings indicate that DPC has evolved into a strategic capability that supports competitive advantage and optimizes organizational revenue. This research contributes to mapping the development of knowledge and identifying future research directions in the areas of Dynamic Pricing Capability and Revenue Optimization.