TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN

Investor Preferences in Choosing Digital Investment Applications: A Study on Banking and Non-Banking Securities Platforms

Novita Juni Astutik — 2025-08-14

The digital transformation has reshaped Indonesia’s retail investment landscape through the emergence of digital investment applications from both banking and non-banking institutions. Despite the growing adoption of such platforms, user preferences toward different types of applications remain underexplored. This study aims to examine the factors influencing user preferences in selecting digital investment applications, by comparing banking and non-banking securities platforms. A quantitative approach was employed, involving 124 active users of digital investment apps selected through purposive sampling. Five key variables were analyzed: ease of use, trust in technology, institutional trust, perceived financial benefit, and social influence. Data were analyzed using descriptive statistics and binary logistic regression. The findings reveal that most users prefer non-banking applications. Among the analyzed variables, institutional trust emerged as the most significant predictor of user preference. These findings suggest that digital investment platforms should focus not only on enhancing technological features, but also on strengthening institutional reputation and building user trust. These findings suggest the importance of incorporating institutional trust in the development of technology adoption models in the digital finance sector. Practically, app developers need to prioritize building institutional reputation and user trust, in addition to enhancing technological features.

Examining the Impact of Miles & Snow's Business Strategy, Operational Efficiency, and Logistics Efficiency on Company Performance

Taufiq Chandra Adimanta Habibie — 2025-08-07

The COVID-19 pandemic has caused major disruptions to the global economy, resulting in significant economic contraction and rising unemployment across many nations. This study explores the influence of Miles & Snow’s business strategy typology, alongside operational and logistics efficiency, on the financial performance of companies. This study employs a quantitative approach, with data collected from 45 respondents serving as managers and supervisors at Midea-Toshiba Electronics during the 2021-2024 period. Purposive sampling method was used to ensure that only functionally relevant participants were involved. The survey instrument was distributed online and analyzed using the Partial Least Squares (PLS) approach. Hypothesis testing results show that all three independent variables significantly influence company performance. Logistics efficiency demonstrates the strongest influence (β = 0.481; f² = 0.524), followed by operational efficiency (β = 0.296; f² = 0.433), and business strategy (β = 0.253; f² = 0.884). These findings emphasize that optimal company performance is determined not only by appropriate strategic direction, but also by operational effectiveness and supply chain efficiency. This study provides contextual contribution in applying Miles & Snow's strategy typology in the regional industrial sector and serves as a foundation for formulating data-based company performance improvement policies.

Factors Affecting Debt Policy with Profitability as Moderator

Angelica Valencia — 2025-05-03

High levels of corporate debt can impact financial stability and investor confidence, potentially limiting Indonesian non-cyclical consumer companies' capacity for investment and long-term growth. The goal of this research is to analyze the elements influencing debt strategy in non-cyclical companies in the consumer sector that are publicly traded on the Indonesia Stock Exchange from 2021 to 2023, where profitability plays a role as a moderating factor. Purposive sampling was used, with 153 firms represented. This data was analyzed using IBM SPSS 25 with classical assumptions, hypothesis testing, and also moderating regression. Asset structure, institutional ownership, company size, free cash flow, and sales growth are all taken into account. This research utilizes a quantitative method, using moderated regression analysis to investigate how independent variables and debt policy are connected, and how profitability influences these connections. The results indicate that both free cash flow and company size significantly influence debt policy. In contrast, factors like asset structure, institutional ownership, and sales growth appear to have little impact. Furthermore, the moderation test reveals that profitability could be a key factor in shaping the relationship between free cash flow and debt policy. However, profitability cannot offset the impact of asset structure, institutional ownership, firm size, and sales growth on debt policy. These findings suggest that shareholders should monitor firms’ free cash flow and size when evaluating financial risk, while business managers may consider these factors when setting optimal debt levels. Investors can use these indicators to assess a firm's debt capacity and long-term viability.

Analysis of Leading Sector Shifts in Buol District

Dini Aulia Putri — 2025-04-27

Buol Regency has had a dynamic economic development since its separation from Tolitoli Regency. However, the non-optimal utilization of sectoral potential and the imbalance of contributions between sectors encourage the need to identify leading sectors as the basis for regional development policies. This study aims to analyze the regional economic structure, identify the basic sectors through Location Quotient analysis, and evaluate sectoral competitiveness with the Shift Share approach during the 2014-2023 period. The analysis methods used include Location Quotient to determine the base/non-base sector and Shift Share to evaluate the growth and competitive advantage of economic sectors. The Location Quotient analysis discover that Buol Regency has a number of economic sectors that have the potential to become leading sectors, such as Agriculture, Forestry and Fisheries; Water Supply; Waste Management, Waste, and Recycling; and other sectors that show Location Quotient (LQ) values greater than 1, indicating a positive contribution to the regional economy. Conversely, sectors with LQ values below 1 (Mining, Processing Industry, Electricity/Gas, Construction, and others) represent non-leading sectors, highlighting development challenges in Buol Regency. Shift Share analysis (2014-2023) reveals no significant economic structural shift, with the economy remaining primarily dependent on agriculture and fisheries despite some positive developments in other sectors. Economic structural shift would typically manifest as increased non-primary sector activity and reduced dependence on natural resource-based sectors. These findings identify priority sectors for regional economic policy. This research uniquely combines two analytical methods to assess sectoral dynamics in Buol—an approach rarely applied in eastern Indonesia's district-level studies.

The Role of Diaspora in Realizing Indonesia’s Economic Resilience

Imam Hamdani — 2025-04-26

The Indonesian diaspora has a strategic role in strengthening national economic resilience through various contributions, such as remittances, investment, knowledge transfer, and economic and cultural diplomacy. This study aims to analyze the role of the diaspora in realizing national economic resilience and identifying the obstacles faced. With a qualitative descriptive approach with literature study. This study discovered four important things related to the role of the diaspora and the obstacles faced, namely first, remittances contribute to household financial stability, economic growth, poverty reduction, and strengthening micro, small, and medium enterprises (MSMEs). Second, remittances sent by the diaspora have proven to be one of the main sources of foreign exchange for Indonesia, which supports household consumption, education, and investment in the productive sector. Third, optimizing the role of the diaspora is still hampered by regulatory constraints, complex bureaucracy, and the lack of policies that support diaspora involvement in national development. Fourth, a more inclusive and systematic policy strategy is needed to integrate the diaspora into national economic policies, so that their potential can be utilized optimally to increase Indonesia's competitiveness and economic resilience. This study recommends that diaspora-related policies be integrated with national economic policies to increase Indonesia's competitiveness and economic resilience. This study contributes academically by integrating diaspora engagement with economic resilience theory which is an underexplored area in Indonesia. Likewise, it bridges policy discourse with diaspora studies, offering novel perspectives that enrich literature while recommending alignment of diaspora initiatives with national economic objectives to enhance Indonesia's global competitiveness.