Business, Economics, Law, Communication, and Social Sciences
Journal Title : Business, Economics, Law, Communication, and Social Sciences Initials : Belacoss Frequency : 6 times (January, Maret, May, July, September dan November) ISSN Online : 3089-9001 ISSN Print : Chief Editor : Aris Rustanta, SE., SH, MBA DOI Prefix : 10.70550/belacoss Publisher : ARE Publisher Accreditation : - Journal Indexing : -
The Influence of Macroeconomic Variables on Stock Returns through the Arbitrage Pricing Theory Approach
The development of investment in the Indonesian capital market has shown a shift in investor orientation from focusing solely on financial fundamentals toward sustainability issues, as represented by the SRI-KEHATI Index. This index consists of companies meeting Environmental, Social, and Governance (ESG) criteria and is perceived to possess stronger resilience in facing economic pressures. Macroeconomic fluctuations and market disruptions caused by the pandemic have created uncertainty, prompting investors to reassess their investment strategies and become more selective regarding systematic risk. This study aims to examine the influence of macroeconomic variables on stock returns using the Arbitrage Pricing Theory (APT) framework and Fama-MacBeth regression during the pre-pandemic, pandemic, and post-pandemic periods. The variables examined include the Industrial Production Index (IPI), inflation, exchange rate, interest rate, and world oil prices, applied to ten companies consistently listed in the SRI-KEHATI Index from 2018 to 2024. Data were collected from official statistical and financial sources, and analysis was conducted on the estimated surprise factors for each variable. The findings reveal that only the IPI and exchange rate variables had a significant impact in the post-pandemic period. Under conditions of high uncertainty, investor sentiment tends to weaken the role of rational considerations toward economic indicators.
Copyright (c) 2025 Business, Economics, Law, Communication, and Social Sciences https://creativecommons.org/licenses/by-sa/4.0
The Influence of Job Satisfaction, Workload, and Work Environment onTurnover Intention (Study on PT. XYZ Employees)
This research seeks to examine how Job Satisfaction, Workload, and Work Environment affect Turnover Intention among employees at PT. XYZ. A quantitative research method was employed, utilizing both primary and secondary data sources. The primary data was collected through questionnaires distributed to all permanent employees, while secondary data was obtained from company records related to employee turnover. The study involved the entire population of permanent staff, with 55 respondents selected using a saturated sampling method. Data analysis was carried out using the Structural Equation Modeling (SEM) approach with the assistance of SmartPLS software version 4.0. The findings revealed that Job satisfaction negative and significant impacts turnover intention, workload positive and significant affects it, and the work environment also negative and significant influences turnover intention at PT. XYZ.
The Effect of Dividend Policy, Profitability, and Liquidity on Stock Returns: A Study of Health Sub-Sector Companies Listed on the Indonesia Stock Exchange, 2020–2024
The healthcare sector experienced significant stock returns. Fluctuations in stock returns in the healthcare sector raise questions about the extent to which company fundamentals influence stock returns. This study covers the analysis period from 2020 to 2024, encompassing the Covid-19 pandemic and the post-pandemic recovery period. This study was conducted to analyze the extent to which dividend policy, profitability, and liquidity influence stock returns in healthcare sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. A total of 35 observations obtained from seven healthcare sub- sector groups were selected based on specific criteria established through a purposive sampling technique. The researcher used secondary data in the form of financial reports as the primary data source. To analyze the relationship between independent and dependent variables, a panel data regression approach was used with the help of EViews version 12 software. The results showed that dividend policy, as measured by the Dividend Payout Ratio (DPR), had a negative effect on stock returns. Similarly, the profitability variable showed a positive effect on stock returns, as reflected in Return on Assets (ROA). Meanwhile, the liquidity indicator, as seen from the Current Ratio (CR), showed a negative impact on stock returns.
The Influence of Work Ethic, Work Environment And Job Burnout On Employee Performance(A Case Study of Non-Medical Employees at Hospital X, Jakarta)
The purpose of this study is to the test the influence of Work Ethic, Work Environment and Job Burnout Variables on the Performance of Non-Medical Employees at Hospital X, Jakarta. The population consisted of 60 non- medical employees, all of whom were sampled using saturated sampling techniques. Data collection was carried out through a questionnaire in the form of a survey, using the Structural Equation Modelling (SEM) analysis method based on Partial Least Square (PLS) version 4.0. The results of analyysis showed that Work Ethic and Work Environment had a positive and significant effect on the performance of non-medical employees, while Job Burnout had a negative and significant effect on the performance of non-medical employees.
The Effect of Leadership Style, Employee Engagement, and Compensation on Employee Productivity
This study aims to analyze the influence of leadership style, employee engagement, and compensation on employee productivity at PT Balaraja Metalindo Tangerang. The research population consisted of all 45 permanent employees, with the sampling technique using a saturated sampling method. Data analysis was carried out using SmartPLS 4. The results indicate that leadership style has a positive but not significant effect on employee productivity. Employee engagement has a positive and significant effect on employee productivity. Compensation has a positive but not significant effect on employee productivity. These findings emphasize that enhancing employee engagement is the dominant factor in driving work productivity within the company.
The Effect of Workload, Compensation, and Job Satisfaction on Employee Work Productivity(A Study at PD Mahkota Kembar, Majalengka)
This study aims to analyze the effect of workload, compensation, and job satisfaction on employee productivity at PD Mahkota KembarMajalengka in 2025. All employees of PD Mahkota Kembar had a population of 53 people, and were involved as research respondents. The sampleof 53 people was selected using a saturated sample technique to obtain data that represented the population as a whole. Data collection was conducted through a survey using a questionnaire, while data analysis was carried out using the Structural Equation Model (SEM) method based on SmartPLS 3.0 software. The results showed that workload has a negative and significant effect on employee work productivity, compensationhas a positive and significant effect on employee work productivity and job satisfaction has a positive and significant effect on employee workproductivity
The Influence of Job Satisfaction, Communication, and Work Experience on Employee Performance (A Study of PT. XYZ Employees)
This research investigates the impact of Job Satisfaction, Communication, and Work Experience on Employee Performance at PT. XYZ. Employing a quantitative approach, the study utilizes both primary and secondary data sources. Primary data were collected through questionnaires distributed to a predetermined sample of PT. XYZ’s employees, while secondary data were derived from the company’s employee performance appraisal records. The study population consists of all permanent staff members at PT. XYZ, with a total sample of 45 respondents selected using a saturated sampling technique. Data analysis was carried out using Structural Equation Modeling (SEM), assisted by SmartPLS software version 4.0. The findings reveal that Job Satisfaction positively and significantly influences employee performance. Conversely, both Communication and Work Experience exert a negative and significant influence on employee performance at PT. XYZ.
The Effect Of Liquidity, Solvency, Activity, And Profitability On Stock Returns
The restaurant, hotel, and tourism subsector is a part of the service industry that plays a crucial role in the national economy through its contribution to Gross Domestic Product (GDP), job creation, and foreign exchange earnings. However, despite its strategic importance, this subsector has experienced fluctuations in firm value, as reflected in stock returns, particularly following the impact of the COVID-19 pandemic. This study aims to analyze the effect of liquidity (Current Ratio), solvency (Debt to Equity Ratio), activity (Total Asset Turnover), and profitability (Return on Asset) on stock returns of companies in the restaurant, hotel, and tourism subsector listed on the Indonesia Stock Exchange for the 2018–2023 period. The research uses a quantitative approach with a causal research design and panel data analysis. The sample consists of 6 companies selected using a saturated sampling method. Data were analyzed using panel data regression with EViews software. The results show that simultaneously, all independent variables affect stock returns. Partially, CR and DER have a positive and significant effect, TATO has a significant but negative effect, while ROA does not have a significant effect. These findings provide valuable insights for investors in making investment decisions and for company management in optimizing financial performance to enhance the attractiveness of their stock.
Selection Of Forecasting Methods For Baby Products To Accurately Predict Sales (Case Study at PT ABPI Jakarta Branch)
Rapid business growth faces the main challenge of adjusting production to fluctuating market demand. The mismatch between production volume and demand can cause various problems, such as overproduction resulting in waste of resources, underproduction causing the inability to meet market demand on time. This study aims to determine the most accurate forecasting method for the NSP-1006 Sumo Round Bottle Bpa Free 240 ml, NSP-3006 Sumo Round Bottle BpaFree 50 ml, 3-2103-Mh Bottle 3 Function 150 cc, TS-3S Accessories 3-tier milk container, and F-338 Baby Training Cup 3 in 1 Accessories. The research method uses descriptive quantitative. The analysis method used is naive approach, simple moving average, linear regression, simple exponential smoothing. The accuracy benchmark usesMean Absolute Deviation (MAD), Mean Square Error (MSE), Mean Absolute Percentage Error (MAPE). Data collection techniques use primary data and secondary data. The results of the study show that the NSP-1006 SumoRound Bottle Bpa Free 240 ml has an accurate forecasting method which is the linear regression method, the NSP-3006 Sumo Round Bottle Bpa Free 50 ml has an accurate forecasting method which is the linear regression method,the 3-2103-Mh Bottle 3 Function 150 cc has an accurate forecasting method which is the naive method, the TS-3S 3-tier milk container accessories have an accurate forecasting method which is the naive method, and the F-338 Baby Training Cup 3 in 1 accessories have an accurate forecasting method which is the linear regression method.
The Effect of Quality Management, Central Distributor Support, and Store Stock Management on Business Performance (Case study of National Logistics and Retail Company)
This study aims to analyze the influence of Quality Management, Central Distributor Support, and Inventory Management in Stores on Business Performance at National Logistics and Retail Company. Using a descriptive quantitative approach, data were collected through questionnaires to 202 respondents and analyzed using SPSS. The results show that Quality Management and Inventory Management have a positive and significant effect on Business Performance, while Central Distributor Support has a negative and significant effect. Simultaneously, these three variables have a significant effect on Business Performance. These findings emphasize the importance of strengthening quality and inventory, as well as the need to evaluate central distribution support to create synergy in the company's supply chain.
The Effect of Green Recruitment, Green Training, And Green Compensation and Reward on Employee Green Behavior (Study on Employees In Meruya Selatan Village)
This study is to analyze the effect of Green Recruitment, Green Training, and Green Compensation and Reward on Employee Green Behavior (Study on Employees in Meruya Selatan Village). The population in this study were employees working in Meruya Selatan Village and the sample used was 137 respondents with. Determination of sample size using saturated sampling technique. This study uses quantitative research type then the analysis method used is Partial Least Square (PLS). The results show that the green compensation and reward variables have a positive and significant effect on employee green behavior. While the green recruitment variables and green training variables have a positive and insignificant effect on employee green behavior.
Perceived Ease of Use and Hedonic Motivation on the Decision to Use QRIS in Digital Transactions: The Role of Trust as a Mediation
This study aims to test and analyze the Influence of Perceived Ease of Use and Hedonic Motivation on the Decision to Use QRIS in digital transactions, with Trust as a mediating variable. The population in this study were all people who have used QRIS in West Jakarta City. The sampling method used purposive sampling technique, the number of samples was 150 respondents with the Rambut formula. This study uses a quantitative method by distributing questionnaires to QRIS users and analyzing data using multiple regression analysis, processed using the SEM (Structural Equation Modeling) method with Smart PLS software. The results of this study indicate that trust mediates the relationship between the variables Perceived Ease of Use and Hedonic Motivation on the Decision to Use which has a positive and significant effect
The Influence of Green Marketing, Green Awareness and Green Product Innovation on Purchasing Decisions at Green Coffee Shop
This study aims to analyze the effect of Green Marketing, Green Awareness, and Green Product Innovation on purchase decisions. The research employs a quantitative approach, with the population consisting of customers of Anomali Coffee Shop in Kemang, South Jakarta. A total of 200 respondents were selected as the research sample. Data was collected through a survey method using a Google Form questionnaire. The sampling technique applied was purposive sampling, and the data was analyzed using the Partial Least Square (PLS) analytical tool. The findings of this study indicate that Green Marketing has a positive and significant effect on purchasing decisions. Similarly, Green Awareness and Green Product Innovation also positively and significantly influence purchasing.
The Influence of Work Stress, Work Life Balance, and Quality of Social Interaction on Employee Productivity (Study at HP Care Tangerang)
This study aims to determine the influence of Work Stress, Work Life Balance, and Quality of Social Interaction on Employee Productivity. The object of this study is Hewlett-Packard Care Tangerang. Quantitative Research Method using the Smart PLS application with a sample of 115 people. The data collection method uses a survey method by distributing a google form questionnaire. This study uses the Census method. The research data analysis method uses Smart PLS 4.0. In this study, the results of the first hypothesis test showed that the Work Stress (SW) variable on Employee Productivity (EP) was obtained t-statistically (1,937>1.64) (t-table) or P-value (0.026<0.05), meaning from T statistic, which had a significant positive effect and the original sample value was (0.213). The second hypothesis showed that the Work Life Balance (WLB) variable on Employee Productivity (EP) was obtained t-statistically (1,817>1.64) (t-table) or P-Value (0.035<0.05) means that the T statistic is positive and significant and the original sample value is (0.304). The third hypothesis shows that the Social Interaction (SI) variable on Employee Productivity (EP) is obtained from t-statistic (2,201>1.64) (t-table) or P Value (0.014<0.05) meaning from t statistic, which is positive and significant, and the original sample value is (0.294). The results in this study confirm that Work Stress, Work Life Balance, and Social Interaction have a positive and significant influence on Employee Productivity.
The Influence of Green Marketing, Green Awareness and Green Product Innovation on Purchase Decision
This research aims to identify and analyze the influence of Green Marketing, Green Awareness, and Green Innovation Products on Purchasing Decision. (Studi pada konsumen AQUA Life di Sunter Agung, Jakarta Utara). The research uses quantitative methods with consumer populations that have purchased environmentally friendly products from Sunter Agung, North Jakarta communities. The samples were selected using purposive sampling techniques, with 206 respondents. Data were collected through questionnaires and analyzed using a double linear regression method to determine the relationship and influence of independent variables (green marketing, green awareness, green product innovation) to dependent variables Purchase decision. This study uses the analysis method of Partial Least Square. (PLS). The results of this study indicate that: (1) green marketing has a significant positive effect on purchasing decision of AQUA Life product customers in Sunter Agung. (2) green marketing has a positive and significant effect on purchasing decision of AQUA Life customers in Sunter Agung. (3) green product innovation does not have a positive and insignificant effect on purchasing decision of AQUA Life product customers in Sunter Agung.
The Effect of Workload and Work Stress on Employee Performance with Cyberloafing as a Mediating Variable (Study on Employees of Bank Mega Syariah KCP Kebon Jeruk)
This study aims to test and analyze The Influence Of Workload And Work Stress On Employee Performance With Cyberloafing Behavior As Variable A Mediation. The population in this study is Bank Mega Syariah KCP Kebon Jeruk employees, the population of this study is 95 employees. The sample drawing method used in this study is Nonprobability Sampling and is a type of causal relationship associative research. The sample size was determined using the saturated sample technique, which is to take the entire population. This research is a quantitative research with a data collection method using the questionnaire distribution method, with the research instrument being a questionnaire using the Ordinal scale as a questionnaire research tool. The data analysis method in this study uses multiple linear regression processed with the SmartPLS 3.0 application and Spss 23
The Influence of Promotion, Price, and Product Quality on the Purchase Decision of Adidas Shoes?
This study aims to test the Effect of Promotion, Price and Product Quality on Buying Interest in Adida X Parley Products, The population in this study is buyers of Adidas products in the Bintaro - South Tangerang area, Because it is not clear how much exactly the population is, the sample is determined by indicators multiplied by 5-10 then 30 x 5 = 150. So that the number of samples taken in this study was 150 respondents buyers of adidas shoe products in the Tangerang area, then this data analysis technique uses Partial Least Square (PLS) through a software application called SmartPLS version 4.0.9.6 and the results are a positive and significant influence between brand image on purchasing decisions, there is a positive and significant influence between price on purchasing decisions and there is a positive and significant influence between product quality against purchasing decisions.
What is The Servant Leadership That May Break The Turnover Intention Level of Employee?
Today the changing business environment that is very fast demands the role of human resources in competitive advantage. It also means that the organization must be able to improve the work that is achieved now to get better work in the future. This study aims to determine the effect of Servant Leadership, Emotional Intelligence and Internal Conflict on Turnover Intention at PT Best Fortune Indonesia. Data collection techniques in the form of questionnaires using a Likert scale. This research was conducted on 30 respondents using a quantitative descriptive approach and hypothesis testing. For this reason, the data analysis method used is statistical analysis in the form of multiple linear regression tests. The results of this study indicate that partially and simultaneously, Servant Leadership, Emotional Intelligence, and Internal Conflict variables affect Turnover Intention at PT Best Fortune Indonesia. Therefore the test results of this study state that there is a simultaneous influence between the variables Servant Leadership, Emotional Intelligence, and Internal Conflict variables affect Turnover Intention.
Copyright (c) 2025 BELACOSS (Business, Economics, Law, Communication, and Social Sciences) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Brand Image, Green Marketing, and Environmental Awareness against the Green Purchasing Decisions of Adidas Sport Shoes
This study aims to analyze brand image, green marketing, and environmental awareness on green purchasing decisions for Adidas shoes. The population in this study consists of consumers who know and have bought Adidas shoes at least once. the sample used was 155 Indonesian people aged 18-30 years and calculated according to the Hair formula. Sampling method using Purposive Sampling. The data collection method uses a survey method, with the research instrument being a questionnaire. The data analysis method used is Partial Least Square. This study proves that brand image has a positive and significant effect on green purchasing decisions. Green marketing has a significant effect on green purchasing decisions. Environmental awareness has a significant effect on green purchasing decisions.
The Effect of Green Marketing, Environmental Awareness and Environmental Concern on PurchaseDecisions (Study at Starbucks Coffee Outlets DKI Jakarta)
This study aims to analyze the effect of Green Marketing, Environmental Awareness and Environmental Concern on Purchasing Decisions, (Study at Starbucks Coffee DKI JAKARTA outlets). The population in this study were the people of DKI JAKARTA, the sample used was 170 people at Starbucks Coffee DKI JAKARTA outlets aged 15-35 years and calculated according to Hair's formula. The sample withdrawal method uses Purposive Sampling. The data collection method uses a survey method, with the research instrument being a questionnaire. The data analysis method used is Partial Least Square. This study proves that Green Marketing has a positive and significant effect on purchasing decisions. Environmental Awareness has a significant effect on purchasing decisions. Environmental Concern has a significant effect on purchasing decisions.
Recognizing How The Organizational Citizenship Behavior and Acuted Stress Affects Turnover Intention
Human resource management must be able to run well so that the company can compete with other companies, in order to excel in the competition, human resource management must be able to run well so that the company is able to compete with competitors. This study aims to examine and analyze Job Stress, Coping Stress and Organizational Citizenship Behavior on Turnover Intention in Television Media Companies in Indonesia. The method used in this research is quantitative method. The objects used in this study were all employees of the Camera Storage section with a total of 50 people. The sampling technique uses saturated samples. The approach used in this research is the Smart-PLS Structural Equation Model (SEM) analysis tool. The results showed that work stress on turnover intention had a positive and significant effect on turnover intention, coping stress on turnover intention had a positive and significant effect, and organizational citizenship behavior had a negative and significant effect on turnover intention.
Evaluating the Impact of Product Quality, Brand Image, and Price Perception on Fanta Purchase Decisions
This study seeks to analyze the impact of product quality, brand image, and price on purchasing decisions for Fanta soft drinks. The target population comprises individuals who have consumed or are familiar with the Fanta brand. A sample size of 100 respondents was selected using the Purposive Sampling Technique. Employing a causal research design, the study applied Descriptive Statistics and Regression Analysis for data evaluation, utilizing SmartPLS 3.0 software as an analytical tool. The findings reveal that product quality does not significantly influence purchasing decisions, whereas both brand image and price exhibit a positive and significant effect on purchasing decisions.