Lead Journal of Economy and Administration

The Influence of Stock Liquidity, Capital Structure, and Dividend Policy on Company Value in Manufacturing Companies

2025-12-06T08:51:45+07:00

The value of manufacturing companies listed on the Indonesia Stock Exchange was examined in this study in relation to capital structure, dividend policy, and stock liquidity. Price to Book Value (PBV), a quantitative technique based on secondary data from 2024, was employed to calculate the company's worth, and analyzed through multiple linear regression using SPSS 27. This study showed that partially, The company's worth was not considerably impacted by its capital structure; only stock liquidity and dividend policy did. Meanwhile , simultaneous test results showed that all three variables simultaneously influenced company value. The model's capacity to describe different firm values was demonstrated by the coefficient of determination was relatively low, so that the majority of changes in company value were caused by other elements outside the study, such as profitability, company size, and market conditions. This finding suggests that the internal variables studied are not yet the primary drivers in assessing the worth of Indonesian manufacturing firms.

Dynamics of Young Generation Preferences in Halal Tourism: Synthesis of the Book Youth and Halal Tourism Research

2025-12-23T16:04:31+07:00

Young generations, particularly Generation Z and Millennials, are the primary drivers of the rapid expansion of global halal tourism. As the halal industry continues to grow, understanding the preferences and behaviors of young Muslim travelers has become crucial, especially as they represent the largest demographic segment in many Muslim-majority countries. This study synthesizes the key findings of the Youth and Halal Tourism Research book—an academic work involving multiple universities—while integrating additional insights from recent studies on halal consumption behavior among Indonesian youth. The results indicate that halal food and beverages are the most influential factors shaping youth preferences in halal tourism. Other significant factors include Sharia-compliant hotel facilities, religious-spiritual experiences, and interactions with digital technologies such as VR-based tourism. This study contributes a comprehensive overview of the dynamics of halal tourism preferences among young generations, providing valuable insights for policymakers and industry stakeholders who aim to design tourism services aligned with the values and expectations of today's digital-native youth.

Human Resource Development Strategies Analysis for Competitiveness Enhancement: A Case Study of Jopuro Nature Tourism

2025-12-19T13:32:12+07:00

This study aims to analyze human resource development strategies, the role of local culture, and their impact on improving tourism competitiveness in Jopuro Nature Tourism. The method used is a descriptive qualitative method with a case study approach. Data collection was carried out through observation, in-depth interviews with Jopuro nature tourism managers, Pokdarwis, the Kampung Anyar village government, and tourists, as well as documentation. Data analysis techniques used data reduction, data presentation, and conclusion drawing models. Then, data validity testing was conducted. The results showed that development strategies can be implemented through regular training, institutional strengthening (AD/ART), and inclusive recruitment based on the principle of "from the people for the people." Cultural integration, such as the "Ithuk-Ithukan" tradition, and active community participation have been proven to increase competitiveness in terms of PCI, EI, and HRI indicators. Therefore, community-based human resource development is key to the sustainability of tourism, although the challenge of competency standardization still needs to be addressed.

Pre-Retirement Product Marketing Strategy to Attract Public Interest

2026-01-12T19:39:36+07:00

This study aims to analyze the marketing strategy of pre-retirement products implemented by Bank Syariah Indonesia KCP Lampung Barat to attract public interest. The research method used was a case study with a qualitative approach. Data were collected through in-depth interviews with the bank and potential customers, as well as through documentation. The results indicate that the implemented marketing strategy includes market segmentation, targeting productive age groups with awareness of future investment, and positioning as a safe and profitable Sharia financial solution for retirement preparation. The marketing mix implemented includes competitive products, affordable prices, promotions through social media and outreach activities, and strategic placement. This study also identifies factors influencing public interest in pre-retirement products, such as level of trust in Sharia banks, understanding of Sharia investments, and the need for future financial planning. This research provides practical implications for Bank Syariah Indonesia KCP Lampung Barat in improving the effectiveness of its pre-retirement product marketing strategy.

Implementation of Maqashid Shariah Principles in Underwriting Surplus Allocation: Systematic Literature Review

2026-02-18T06:30:52+07:00

This study aims to map and synthesize the implementation of Maqashid Shariah principles in underwriting surplus allocation policies in the Islamic insurance industry. Using a qualitative approach with a systematic literature review (SLR) method that follows PRISMA guidelines, the study analyzed 74 data sources from the 2015-2025 time frame, including journal articles, fatwas, and international standards such as AAOIFI and IFSB. The findings reveal the transformation of surplus management from formal compliance to broader integration of social values, such as the use of surplus for micro-takaful subsidies and alignment with the Sustainable Development Goals (SDGs). Despite the jurisprudential debate over the operator's right to surplus as a performance bonus (Ju'alah) as well as transparency challenges resulting from the implementation of IFRS 17, this study confirms that Maqashid Shariah serves as an ethical compass to ensure justice (iqamah al-adl) and protection of property (hifz al-mal). The implication is that regulators and practitioners need to adopt digital technologies such as blockchain to improve accountability for surplus distribution and reposition the role of operators as architects of public benefit for the sustainability of the Islamic financial ecosystem.

Lead Journal of Economy and Administration

The Influence of Stock Liquidity, Capital Structure, and Dividend Policy on Company Value in Manufacturing Companies​​​​​

Dynamics of Young Generation Preferences in Halal Tourism: Synthesis of the Book Youth and Halal Tourism Research

Human Resource Development Strategies Analysis for Competitiveness Enhancement: A Case Study of Jopuro Nature Tourism

Pre-Retirement Product Marketing Strategy to Attract Public Interest

Implementation of Maqashid Shariah Principles in Underwriting Surplus Allocation: Systematic Literature Review

The Influence of Stock Liquidity, Capital Structure, and Dividend Policy on Company Value in Manufacturing Companies