JIMFE : Jurnal Ilmiah Manajemen Fakultas Ekonomi

PERFORMANCE IMPROVEMENT STRATEGY THROUGH A PROGRAM FOR STRENGTHENING ORGANIZATIONAL CULTURE, WORK DISCIPLINE, AND JOB SATISFACTION

Siti Rahmawati, Agus Setyo Pranowo, Nancy Yusnita — Mon, 29 Jun 2026 00:00:00 +0000

This study aims to analyze the effect of organizational culture on teacher performance, with work discipline and job satisfaction as dual mediating variables, at Yayasan Perguruan Pembangunan Bogor. The study is grounded in Social Cognitive Theory, which explains behavior as a reciprocal interaction between environmental, cognitive, and behavioral factors. A quantitative approach was employed using Partial Least Squares-based Structural Equation Modeling (PLS-SEM). The research population comprised all active teachers in the 2025/2026 academic year, and saturated sampling yielded 114 respondents. Results indicate that organizational culture significantly and positively influences both work discipline and job satisfaction, but does not directly and significantly affect teacher performance. Work discipline and job satisfaction, in turn, significantly and positively influence teacher performance. Mediation analysis reveals a full mediation pattern, whereby organizational culture affects teacher performance entirely through work discipline and job satisfaction, with the pathway through work discipline exerting the stronger influence. These findings imply that strategies to improve teacher performance must simultaneously strengthen organizational culture, develop work discipline, and enhance job satisfaction.

PSYCHOSOCIAL RISK OF ORGANIZATIONAL CHANGE IN THE PUBLIC SECTOR: THE ROLE OF WORK STRESS IN EMPLOYEE OUTCOMES

Yovita Insan Perwita Utami, Sinto Sunaryo — Mon, 29 Jun 2026 00:00:00 +0000

This study examine the psychosocial risks linked to organizational change measured through the variable of uncertainty regarding change on employee performance and emotional exhaustion, with job stress serving as a mediating variable. This study was conducted in the Indonesian public sector, grounded in the Conservation of Resources (COR) theory. It employed a quantitative methodology using survey techniques. Data collection was conducted among civil servants (PNS) at a government agency in Indonesia. We utilized PLS-SEM analysis to test hypotheses and examine how the study variables are interrelated, both directly and indirectly. The results show that change-related uncertainty significantly increases job stress, which subsequently reduces employee performance and increases emotional exhaustion. In contrast, change-related uncertainty does not directly influence emotional exhaustion but exerts a significant indirect effect through job stress, indicating full mediation. These findings demonstrate that job stress is the primary psychological mechanism linking organizational change uncertainty to both employee performance and emotional exhaustion. Based on these findings, organizations should implement proactive stress management programs and keep communication channels open during times of change to protect employee performance and mental well-being.

HARNESSING ISLAMIC MICROFINANCE FOR SUSTAINABLE DEVELOPMENT IN SOUTH EAST ASIA AND SOUTH ASIA COUNTRIES: A META-ANALYTIC EXPLORATION

Martino Wibowo, Eka Pariyanti, Abel Gandhy, Sahraman Hadji Latif — Mon, 29 Jun 2026 00:00:00 +0000

This study aims to analyse the role of Islamic microfinance in advancing the Sustainable Development Goals (SDGs) in developed regions of Southeast Asia and South Asia, including Indonesia, Malaysia, Pakistan, and Bangladesh, by conducting a meta-analysis of the existing literature. Utilizing a bibliometric approach, the research systematically reviews and synthesizes data from various studies published between 2014 and 2025 (N=32). Key analytical techniques include co-occurrence and citation analysis, supported by meta-analysis and systematic data extraction following PRISMA and PSALSAR guidelines. The findings reveal that Islamic microfinance significantly contributes to poverty reduction, women’s economic empowerment, and rural economic growth, especially in predominantly Muslim countries (rRE=0,899, p-value<0,001). Despite the successes, challenges such as limited outreach, sustainability concerns, and accessibility to marginalized communities remain significant. The study underscores the importance of governance frameworks aligned with Sharia principles, which enhance microfinance's ethical and social impact, thus aligning with SDGs related to poverty, gender equality, and decent work. By identifying effective strategies and areas for improvement, the study offers insights into policy and operational frameworks that can enhance the effectiveness and sustainability of Islamic microfinance as a tool for socio-economic development.

MODELING INVESTOR BEHAVIOR AND INVESTMENT DECISIONS IN INDONESIA’S TECHNOLOGY SECTOR: A HYBRID FUZZY DEMATEL- MACHINE LEARNING FRAMEWORK

Yanti Budiasih, Elliya Sestri, Husnayeti — Mon, 29 Jun 2026 00:00:00 +0000

This study aims to examine investor behavior and investment decision-making in Indonesia’s technology sector by integrating Fuzzy Decision-Making Trial and Evaluation Laboratory (Fuzzy DEMATEL) and Machine Learning within a hybrid analytical framework. A mixed-data approach employed secondary data from 22 technology companies listed on the Indonesia Stock Exchange during 2020-2024 and primary data from seven finance and investment experts. The analysis covered investor sentiment, market volatility, herding behavior, overconfidence, risk perception, stock return, financial leverage, and investment decisions. Fuzzy DEMATEL identified causal relationships, while Random Forest and XGBoost assessed predictive performance and feature importance. The results show that investor sentiment is the primary causal driver and strongest predictor of investment decisions, whereas market volatility acts as the central link between behavioral and financial factors. XGBoost achieved superior predictive accuracy (R² = 0.94). The integrated framework advances behavioral finance research by combining causal analysis with predictive modeling to better explain investment decision-making in emerging technology markets.

Pre-Managed Earnings Moderate the Effects of the Capital Adequacy Ratio, Derivative Instruments, and Reporting Diversification on Earnings Management

Etty Murwaningsari, Sistya Rachmawati — Mon, 29 Jun 2026 00:00:00 +0000

This study aims to examine and analyze: a) the effects of the capital adequacy ratio, derivative instruments, and revenue diversification on earnings management; b) the role of pre-managed earnings in moderating the effects of the capital adequacy ratio, derivative instruments, and revenue diversification on earnings management. This research employed secondary data from the banking sector listed on the Indonesia Stock Exchange (IDX) with purposive sampling for the 2022–2024 period, involving 43 banks (129 observations). The data were analyzed using panel regression. The results indicate that the capital adequacy ratio has a negative and significant effect on earnings management, whereas derivative instruments and revenue diversification do not affect earnings management. Pre-managed earnings strengthens the influence of the capital adequacy ratio on earnings management, making it a quasi-moderator. Conversely, pre-managed earnings does not strengthen the influence of derivative instruments and revenue diversification on earnings management, functioning as a predictor variable rather than a moderator. The implications of this study are twofold: theoretical and practical. Theoretically, the findings enrich the literature on determinants of earnings management in the banking sector, particularly the moderating role of pre-managed earnings. Practically, the findings provide a reference for investors in assessing financial reporting quality and investment risk; for banks in evaluating financial management practices related to capital adequacy, derivative instruments, and revenue diversification; and for regulators such as the Financial Services Authority (OJK) and Bank Indonesia (BI) in strengthening banking supervision and regulatory frameworks.