Jurnal Manajemen Maranatha

Ida ida — 2025-05-15

Person-organization fit to reduce employee turnover intention with leader STARA competence as moderation variable

Sendy Puspitasari — 2025-05-15

The current research focuses on analyzing the influence of person organization fit (P-O fit) on employee turnover intention (ETI) at PT MJI Sidoarjo and investigation of the STARA competence leader's role as a moderator of such effect. This research uses an explanatory causal approach, with saturated sampling techniques in choosing the respondents, amounting to 50. The findings showed a positive relationship between P-O fit with ETI, which goes against the work adjustment theory. Leaders of the STARA competence positively influence ETI and receive the impact of P-O fit on ETI. These findings emphasize the importance of P-O fit management and leadership development in the context of rapid organizational change. This research provides new insights into HR management in the digital era and contributes to the development of strategies to reduce employee turnover and increase operational efficiency and company competitiveness in the Indonesian manufacturing industry.

Behavioral bias and risk perception in investment decision making: The moderating role of financial literacy

Andronius Purnomo — 2025-05-15

Behavioral finance highlights that investors frequently encounter errors in making investment decisions due to cognitive and emotional biases, leading to less-than-optimal investment outcomes. These biases are inherently challenging to overcome and significantly shape how decisions are made. The human brain often relies on shortcuts and emotional interpretations when processing information, resulting in flawed judgments. This research seeks to analyze and assess the impact of the disposition effect, herding behavior, overconfidence, and risk perception on investment decisions, while also investigating the moderating influence of financial literacy. Utilizing a non-probability sampling technique, the study involves 165 respondents and applies structural equation modeling (SEM) analyzed through SPSS AMOS. The results reveal that disposition effect, herding behavior, overconfidence, and risk perception have a substantial impact on investment decisions, whereas financial literacy does not notably moderate their effects on the decision-making process.

Work flexibility and nonfinancial compensation as predictors of millennial employee retention in DKI Jakarta

Anggun Rahmawati — 2025-05-15

Data shows that millennial generation workers in Indonesia are ranked second in the Asia Pacific region who plan to resign from their jobs in the future, so organizations need to understand the variables that influence the retention of these millennial employees. This research aims to identify the influence of work flexibility and non-financial compensation on employee retention of millennial generation employees in DKI Jakarta. Data collection was carried out at convenience for 145 respondents. The analytical method used in this research was descriptive statistic and multilinear regression using JASP software. The results of this research show that there is a positive and significant influence of work flexibility and non-financial compensation on employee retention of the millennial generation in DKI Jakarta. Thus, organizations should provide opportunities for employees to arrange the time and location for completing work if they are unable to attend the office, as well as providing an allowance to work outside the office every week. Apart from that, it is also necessary to consider providing non-financial compensation to employees in the form of social support, recognition for achievements, providing work challenges, and giving trust as an effort to retain their millennial generation employees.

Integrated marketing communication and brand heritage: A strategic approach to increasing museum visit intention in Indonesia

Paulus Hermien Sarjana — 2025-05-15

This study tests the integrated marketing communication (IMC) strategy on visit intention in Indonesia. This study also aims to test the effect of IMC on brand heritage and the mediation effect of brand heritage on IMC and interest in visiting museums. The sample in this study was 240 respondents. Data was collected by distributing questionnaires online via Google Forms and processed using the SEM model with AMOS software. The results of the study showed that IMC had a positive effect on the intention to visit museums. Effective IMC (including advertising, direct promotion, direct marketing, public relations, WOM, events and experiences, and interactive marketing) can increase the intention to visit museums in Indonesia. In addition, the study's results prove the positive effect of IMC on brand heritage and the effect of brand heritage on interest in visiting museums. This study also found that brand heritage can mediate IMC and interest in visiting museums. The results of this study are expected to help museum owners and managers have the right and effective IMC strategy to increase tourist interest in visiting museums. The right IMC strategy will also increase brand heritage and interest in visiting museums.

The role of family and entrepreneurship education on entrepreneurial interest

Grisella Novianti — 2025-05-15

The rapid economic growth has triggered the development of various types of businesses, ranging from micro, small, and medium enterprises (MSMEs) to cafes, which are now becoming increasingly diverse and growing exponentially every day. This phenomenon is also supported by efforts from various universities that include entrepreneurship courses in their curricula across different majors, particularly in management programs. This study has the following objectives, to identify and analyze the role of family and entrepreneurship education on entrepreneurial interest among management students at Maranatha Christian University. This study uses quantitative methods with the use of questionnaires distributed to students from various generations totaling 75 respondents based on the criteria set. The results of this study show that family support does not have a significant impact; this is supported by the fact that many parents are increasingly giving their children the freedom to choose the career they will pursue. Additionally, entrepreneurship education certainly plays an important role, especially in providing the knowledge and skills needed to start and develop a business. This is supported by the organization of Maranatha Entrepreneurship Day (MED), which is one of the efforts of Maranatha Christian University to strengthen the entrepreneurial ecosystem among students, thus producing an innovative and risk-taking entrepreneurial generation. These findings also affirm that although family support does not have a significant effect, the role of the family remains important in supporting students. Additionally, it is crucial for entrepreneurship education to help foster generations of young people with an entrepreneurial spirit, especially among students in management programs. This study will hopefully provide insights into entrepreneurship education and encourage family involvement in supporting the entrepreneurial aspirations of the younger generations.

Determinants of repurchase intention with e-satisfaction as a mediating variable on e-commerce top-up

Calvin Jordan Wijaya Affendi — 2025-05-15

This study aims to determine the effect of website design quality, e-trust, price fairness, and e-satisfaction on repurchase intention in the e-commerce industry in the top-up service. Data collection was conducted online by using Google Form with the sample selection technique being convenience sampling. The number of respondents were 169, but 19 respondents didn’t meet the sample’s criteria, thereby this study only analyzed the data from 150 respondents who have made purchases in an e-commerce that offers top-up services more than twice in the past year. Moreover, the data were analyzed by using PLS-SEM method through SmartPLS software. Based on the results of data analysis, price fairness and e-satisfaction have a positive and significant influence on repurchase intention. Moreover, website design quality and e-trust have a positive and significant influence on e-satisfaction, while website design quality and e-trust have a positive and significant influence on repurchase intention when mediated by e-satisfaction. However, website design quality and e-trust don’t have any significant influence on repurchase intention. The results suggest that e-commerce, who offer top-up services, needs to focus on improving customer satisfaction, which will motivate customers to make repeated purchases. Moreover, the e-commerce needs to consistently consider the price fairness perceived by customers by observing the comparison of the product’s value and its price, as well as the competitor’s price for a similar value. The results of this study are expected to be considered by e-commerce to determine the appropriate marketing strategy to improve the customer’s intention to make repeated purchases.

Determination of job satisfaction with work engagement as a mediating variable

Desi Tri Kurniawati — 2025-05-15

This study examined the influence of quality work of life, employee empowerment, and career development on job satisfaction and the mediating function of work engagement in the relationship between quality work of life, employee empowerment, and career development on job satisfaction. The population of this study was all employees of PT Penamas Nusaprima located in Malang City, totaling 215 employees, and based on the Slovin formula used, the sample in this study was 140 employees. The research method used is quantitative with an explanatory research approach using partial least squares-structural equation modeling (PLS-SEM) analysis techniques. The bootstrapping technique tests the hypothesis after the validity and reliability tests are carried out using an algorithmic approach. The results showed that quality work of life, employee empowerment, and career development, each have a positive and significant effect on job satisfaction, and it was found that work engagement acts as a partial mediator in the relationship between career development, employee empowerment, and quality work of life on job satisfaction.

Internet financial reporting and information asymmetry: Does it impact firm value?

Agnes Susana Soenjoyo — 2025-05-15

Investors, in making decisions, look at the firm value where information sources are increasingly easily accessible and transparent in the form of internet financial reporting on the company website, as well as the information asymmetry that occurs. This research analyzes the impact of internet financial reporting and information asymmetry on firm value. Quantitative research design with data sources from annual reports and stock prices. The research objects are financial sector companies on the Indonesia Stock Exchange which have active websites. Data analysis technique uses multiple linear regression analysis. The research results show that internet financial reporting positively impacts firm value, while information asymmetry does not. When there are additional features, updates, and wider disclosure of information on company websites, they can help investors obtain information more easily and quickly about the company’s condition, thereby increasing firm value. Therefore, regulations regarding internet financial reporting need to be improved.

Clustering culinary business effect on sales volume through brand awareness

Matheo Sheva Hastono — 2025-05-15

The food and beverage industry are a growing sector, and this growth prompts the majority of businesses in the industry to seek out new ways to gain customers' attention and increase their income. This makes the F&B industry as one of the most significant contributors to a country’s economic growth. This research aims to analyse the impact of location clustering of F&B businesses on their sales volume within the perimeter of DP Mall semarang, using brand awareness as a mediating variable, to see whether clustering has a positive or negative impact on these businesses. The research method used is quantitative, based on partial least squares-structural equation modeling (PLS-SEM) with a purposive sampling technique. Data was collected using a Lickert scale questionnaire from 123 respondents who met the selection criteria. The results of this research show a significant positive impact of the clustering of food and beverage businesses on their sales volume and confirm the significance of brand awareness as a mediator. The conclusion indicates that clustering F&B tenants in shopping centers can be an effective approach to increase their sales volume through the mediation of brand awareness, generating profits from the spillover effect. This research provides an understanding of how tenant location arrangements in shopping centers can increase profit for tenants within the culinary clusters. Further research is required to gain more information regarding qualitative perspectives and to explore the effect of it on different industries.