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This study aims to analyze the role of company size as a moderator variable in the relationship between profitability and leverage and sales growth in manufacturing companies in the basic industry and chemical sectors listed on the Indonesia Stock Exchange (IDX) for the 2020–2023 period. The research method used is a quantitative approach with purposive sampling techniques, so that 56 sample data that meet the research criteria are obtained. Data analysis was carried out using Moderated Regression Analysis (MRA) with the help of SPSS software version 30. The results show that leverage does not have a significant effect on profitability, while sales growth is proven to have a significant effect on profitability. Furthermore, company size has not been shown to moderate the relationship between leverage and profitability, but it does play a significant role in moderating the relationship between sales growth and profitability. These findings support the Pecking Order theory, which emphasizes that companies with larger sizes tend to have wider access to funding so that they are able to strengthen the influence of sales growth on profitability. This research provides a theoretical contribution in enriching the literature on factors that affect profitability, as well as a practical contribution to company management in formulating more effective financial and growth strategies. Thus, the size of the company proves to be an important factor to consider in the analysis of financial performance, particularly in the context of the relationship between sales growth and profitability.

The Korean skincare market in Indonesia experienced rapid growth during the 2020–2023 period, driven by the global K-beauty trend, increasing consumer demand, and the expansion of e-commerce distribution channels. However, the influence of import value and import duty rates on market growth still requires empirical examination. This study aims to quantitatively analyze the impact of imports and import duties on the growth of the Korean skincare market in Indonesia. Secondary data were obtained from Statistics Indonesia, the Directorate General of Customs and Excise, and UN Comtrade, and analyzed using multiple linear regression to test both partial and simultaneous effects of the independent variables on the dependent variable. The results reveal that import value has a positive and significant effect on market growth, while import duties show no significant influence. These findings confirm that imports are the dominant factor driving market expansion. In conclusion, import management strategies are essential for developing the Korean skincare market in Indonesia and provide a basis for businesses and policymakers to design sustainable trade strategies.

This study aims to analyze the effect of the distribution of Zakat, Infak, and Sadaqah (ZIS) funds, economic growth, unemployment rate, and Regional Original Revenue (PAD) on the poverty rate in West Sumatra Province during the period 2020–2024. The data used are secondary data obtained from BAZNAS, BPS, and the Directorate General of Fiscal Balance (DJPK), covering 12 regencies/cities in West Sumatra Province. This study employs panel data regression analysis using EViews 12 software to examine the relationships among the variables. The results indicate that, partially, the distribution of ZIS funds and PAD have no significant effect on the poverty rate. In contrast, economic growth and unemployment rate have a negative and significant effect on the poverty rate. Simultaneously, all four independent variables are found to have a significant influence on the poverty rate. The coefficient of determination (Adjusted R²) is 0.123, indicating that 12.30% of the variation in the poverty rate can be explained by the variables in the study, while the remaining 87.7% is influenced by factors outside the model. The study provides policy implications suggesting that optimizing ZIS management, promoting inclusive economic growth, expanding employment opportunities to reduce unemployment, and utilizing PAD more effectively are crucial strategies for local governments and relevant institutions to effectively reduce the poverty rate in West Sumatra.

Penelitian ini bertujuan untuk menganalisis strategi promosi yang diterapkan oleh Dinas Penanaman Modal dan Pelayanan Terpadu Satu Pintu (DPMPTSP) Provinsi Jawa Tengah dalam meningkatkan kepeminatan investasi. Pendekatan yang digunakan adalah kualitatif deskriptif dengan metode studi kasus, menggunakan teknik wawancara mendalam, observasi, dokumentasi, serta analisis data model Miles & Huberman. Untuk memperkuat temuan, digunakan kombinasi analisis SWOT dan model AIDA (Attention, Interest, Desire, Action). Hasil penelitian menunjukkan bahwa strategi promosi DPMPTSP berada dalam posisi strategi agresif (kuadran I SWOT) dengan pendekatan pertumbuhan selektif. Meskipun telah memanfaatkan media digital, infrastruktur, dan kemitraan strategis, terdapat sejumlah kelemahan seperti keterbatasan data lahan, rendahnya visualisasi konten promosi, serta kurangnya evaluasi efektivitas media. Penelitian ini merekomendasikan penguatan sistem informasi promosi berbasis data real-time, pengembangan konten multibahasa, serta sinergi lintas lembaga untuk meningkatkan daya saing investasi Jawa Tengah.

This study analyzes the role of millennials and Gen Z in driving the growth of halal e-commerce in Indonesia. The global halal industry is projected to reach US$3.36 trillion by 2028, underscoring the importance of strengthening halal e-commerce in Indonesia, which has the largest Muslim population in the world (Kawsar, 2025). Millennials and Gen Z are the dominant users of the internet and digital marketplaces, thus playing a strategic role in expanding the digital halal economic ecosystem. This study uses a qualitative approach with literature studies and in-depth interviews with consumers and halal digital business actors. The analysis focuses on digital behavior, halal product preferences, and awareness of sharia economic principles. The results show that millennials and Gen Z contribute through three main roles. First, as smart consumers who show high preference and loyalty to certified halal products. Second, as creative business actors who create sharia startups and marketplaces with innovative digital marketing strategies. Third, as agents of change who promote digital halal literacy and strengthen public awareness of the importance of halal products and services. In conclusion, the role of these two generations is not only in consumption, but also in creating a sustainable digital halal business ecosystem, strengthening Indonesia's competitiveness in the global halal industry, and supporting national sharia economic development.

Pengabdian masyarakat Universitas Bojonegoro di Desa Mojoagung menunjukkan bahwa pendekatan pendidikan berbasis feminisme, diskusi interaktif, dan distribusi tablet penambah darah (TTD) yang didukung oleh penyuluhan pola makan sehat dapat membantu meningkatkan kesadaran akan gender dan gizi perempuan.kesehatan. Program ini mampu menurunkan prevalensi anemia hingga 30%, memberdayakan perempuan secara sosial, dan meningkatkan kesadaran akan hak-haknya. Selain itu, keberlanjutan dan pertumbuhan program bergantung pada kerja sama dengan fasilitas medis dan organisasi masyarakat non-pemerintah. Menurut hasil dari beberapa penelitian terkait, pemberdayaan perempuan melalui kesadaran gender yang lebih besar dan akses ke perawatan kesehatan inklusif dapat membantu meningkatkan kesehatan dan status gizi perempuan sekaligus mendorong perubahan sosial yang tahan lama. Strategi berbasis komunitas yang melibatkan keluarga dan komunitas sangat penting untuk mencapai tujuan ini, terutama dalam hal mencegah anemia, meningkatkan kesehatan anak-anak, dan memajukan hak-hak perempuan di masyarakat.

The growth of vannamei shrimp is an important indicator in the success of fishery cultivation, where feeding management plays a crucial role. This study aims to determine the influence of feed management on the growth rate of vannamei shrimp and measure the contribution of these variables to growth. The research method used is a quantitative approach with the use of primary and secondary data through participatory observation at the cultivation site. Data analysis was carried out using a simple linear regression test and a determination coefficient (R²) test to answer the problem formulation empirically. The results of the regression test showed that the feed management variable had a positive effect on the Y variable (shrimp growth rate), which means that the better the feed management, the higher the growth rate of vannamei shrimp. The determination coefficient test yielded an R² value of 75.3%, indicating that feeding management made a significant contribution to shrimp growth, while 24.7% was influenced by other factors not discussed in this study. These findings confirm the importance of structured and efficient feed management in increasing shrimp farming productivity. This research is expected to be a reference for fishery business actors in designing optimal feeding strategies and encouraging further research related to other variables that also affect shrimp growth holistically.

The rapid development of the pharmaceutical industry in Indonesia presents both an opportunity and a challenge in increasing company value amidst the dynamics of an increasingly digital and competitive capital market. This phenomenon demonstrates that strong operational performance does not always translate into high market value, making it crucial to identify internal factors that influence company value, particularly in the pharmaceutical subsector, which plays a strategic role in Indonesia.This research aims to analyze the effect of Working Capital Turnover, Cash Turnover, Liquidity, and Profit Growth on Company Value in pharmaceutical companies listed on the Indonesia Stock Exchange for the 2021-2024 period. The research method used was quantitative with an explanatory approach. The sampling technique used total sampling, with a sample size of 10 companies. Secondary data, in the form of financial statements, were analyzed using multiple linear regression analysis.The results indicate that only Cash Turnover significantly impacts company value, with a negative effect, while Working Capital Turnover, Liquidity, and Profit Growth do not. These findings suggest that efficient working capital management and consistent profit growth play a crucial role in increasing the value of pharmaceutical companies. This research is expected to be a reference for management in strategic decision making and for academics for further research.  

Penelitian ini bertujuan untuk menganalisis peran gembala dalam menumbuhkan iman jemaat berdasarkan Mazmur 23:1–6. Gembala dalam konteks Alkitab dipahami sebagai figur yang menuntun, melindungi, dan memelihara umat Allah, yang dalam pelayanan gereja diterjemahkan melalui pengajaran, konseling, teladan hidup, dan strategi pastoral. Penelitian ini menggunakan pendekatan kualitatif dengan metode deskriptif, di mana data diperoleh melalui studi literatur, observasi, wawancara, dan dokumentasi di lingkungan Gereja Gerakan Pentakosta (GGP) Sanggabuana. Hasil penelitian menunjukkan bahwa gembala memiliki peran penting sebagai teladan rohani, pembimbing iman, serta fasilitator transformasi jemaat melalui strategi penggembalaan yang efektif. Peran ini berdampak pada meningkatnya kesetiaan, kerendahan hati, serta keteguhan iman jemaat dalam menghadapi tantangan kehidupan. Dengan demikian, dapat disimpulkan bahwa keberhasilan pertumbuhan iman jemaat sangat ditentukan oleh kualitas penggembalaan yang dijalankan oleh gembala sidang secara konsisten dan kontekstual.

This study analyzes the application of the compound interest concept in evaluating capital growth among vegetable vendors at the MMTC Traditional Market in Medan, North Sumatra. The research highlights the low level of financial literacy among micro-entrepreneurs in Indonesia, which currently stands at only 38.03%, and its implications for business sustainability. Traditional market traders generally employ basic bookkeeping practices focused solely on daily cash flow, without considering the time value of money or the growth potential from systematic profit reinvestment. Using a mixed-methods approach, this study combines semi-structured interviews to explore existing financial management practices with quantitative modeling based on the discrete compound interest formula to simulate various capital growth scenarios. The analysis reveals that disciplined reinvestment strategies, even when initiated with modest capital and conservative growth rates, can lead to substantial capital accumulation within three to five years. Three primary barriers to capital growth were identified: limited understanding of financial mathematics, lack of long-term planning, and a tendency to prioritize immediate consumption over investment. This research underscores the transformative potential of compound interest principles for micro-enterprise development and recommends practical financial literacy training along with supportive financial ecosystems that encourage sustainable reinvestment practices.

Studi ini dimaksudkan untuk mengevaluasi pengaruh tingkat bunga terhadap ekspansi ekonomi serta implikasinya pada pilihan investasi di Indonesia. Tingkat bunga, sebagai alat utama dalam strategi moneter, secara langsung membentuk perilaku investasi melalui perubahan ongkos modal, sedangkan ekspansi ekonomi menunjukkan kemampuan suatu negara untuk menghasilkan barang dan jasa secara berkelanjutan. Dengan menerapkan pendekatan Tinjauan Literatur Sistematis (SLR), penelitian ini memeriksa artikel, buku akademik, dan sumber daring terpercaya yang terbit dalam lima tahun terakhir, dengan fokus pada interaksi dinamis antara tingkat bunga, ekspansi ekonomi, dan investasi. Temuan studi mengindikasikan bahwa peningkatan tingkat bunga dapat mempertahankan stabilitas mata uang dan mengurangi tekanan inflasi, namun cenderung menghambat investasi akibat naiknya ongkos modal. Sebaliknya, tingkat bunga yang lebih rendah mendorong investasi melalui pendanaan yang lebih terjangkau, yang berpotensi berkontribusi pada peningkatan ekspansi ekonomi. Ekspansi ekonomi yang kuat meningkatkan kepercayaan investor, sehingga merangsang investasi domestik maupun luar negeri yang pada akhirnya memperkuat perluasan ekonomi melalui penyediaan modal untuk sektor industri, infrastruktur, dan bidang produktif lainnya. Penelitian ini menegaskan adanya keterkaitan timbal balik antara tingkat bunga, ekspansi ekonomi, dan investasi, serta menekankan perlunya strategi moneter yang seimbang untuk menjaga stabilitas makroekonomi sambil menciptakan lingkungan investasi yang mendukung.

This study aims to analyze the contribution of village funds, Islamic financial institutions, and regional economic integration to regional economic growth. In the context of fiscal decentralization and regional development, these three variables play a strategic role in accelerating inclusive and sustainable economic development. Village funds serve as the primary instrument to finance infrastructure development and community empowerment. Meanwhile, Islamic financial institutions provide access to fair and Sharia-compliant financing, supporting the productivity of micro and small enterprises. Regional economic integration, particularly through inter-regional connectivity and cooperation, strengthens local markets and enhances regional competitiveness. The analysis method uses a descriptive-qualitative approach based on literature studies and secondary data. The findings indicate that the synergy among the three variables can drive equitable economic growth, although integrated policies and institutional capacity strengthening are still needed.

This research is motivated by the potential of the waters of South Palabusa, Buton, as an ideal habitat for pearl oyster cultivation. This region has ecological advantages that can support the growth of oysters producing high-value pearls. However, pearl production is still strongly influenced by the application of nucleus implantation techniques and the condition of the aquatic environment. Therefore, this study aims to determine the effect of nucleus implantation on pearl growth and quality and identify environmental factors that play a significant role. The research method used is descriptive quantitative, with subjects being Pteria penguin oysters cultivated by the local community for a period of one month. The main parameters observed included the oyster survival rate, pearl size growth, and the quality of the resulting nacre. The findings provide valuable insight into how nucleus implantation can optimize pearl farming practices. The results showed that oysters implanted with nucleus implants had a survival rate of between 85–90%. Pearl diameter growth reached 1–2 cm per month, with a thicker nacre layer and brighter color than oysters without nuclei. Environmental factors, such as water temperature of 28–30°C, salinity of 30–35 ppt, pH 7.5–8.5, moderate water currents, and high plankton availability, have been shown to support successful cultivation. These environmental factors act as natural enhancers that improve pearl quality and survival rates. The findings of this study imply that the application of appropriate nucleus implantation techniques, accompanied by good environmental management, can increase pearl yield and quality. This not only provides significant economic benefits for cultivators but can also serve as a basis for developing sustainable pearl cultivation strategies in potential Indonesian waters. Thus, sustainable pearl aquaculture can become a promising sector for local communities.

This study aims to analyze the effect of profitability, firm growth, capital structure, and firm size on firm value in the infrastructure sector listed on the Indonesia Stock Exchange during the period 2020–2024. The data used in this study are secondary data obtained from company financial statements. The sampling technique employed was purposive sampling. The results show that profitability and firm size have a negative and significant effect on firm value. These findings indicate that increases in profitability and company scale do not automatically enhance market perceptions of firm value, possibly due to a misalignment between internal performance and investor expectations. Meanwhile, firm growth and capital structure do not have a significant effect on firm value. This suggests that the market does not yet regard growth or debt ratios as determining factors in evaluating companies in this sector. Furthermore, the results of this study highlight the importance of corporate management in managing internal factors that can influence market perceptions. Although profitability and company size negatively impact company value, this opens up opportunities for companies to focus more on communication strategies and information transparency with investors to mitigate investor expectations. Companies also need to revise their growth and capital structure policies to better align with market needs and the dynamics of the developing infrastructure sector. Furthermore, this study provides an important contribution to policymakers and financial practitioners in understanding the unique characteristics of the infrastructure sector in Indonesia. The insignificant influence of growth and capital structure suggests that external factors such as market conditions and regulations may be more dominant in determining company value in this sector. Therefore, further research could broaden its scope by incorporating macroeconomic variables or environmental and social aspects, which are currently of concern to investors in making investment decisions.

This study aims to examine the implementation of the Great Commission in the growth of the Mahanaim Community Church Semarang youth community. The focus of the study is directed at discipleship, evangelism, and development strategies based on the principles of the Great Commission and their impact on community growth. The growth referred to is not only related to the increase in the number of members, but also concerns the depth of faith, the formation of spiritual character, and the active involvement of the younger generation in church services. The research method used is a qualitative case study approach. Data were obtained through in-depth interviews with youth leaders and community members, direct observation of development and service activities, and analysis of internal documents held by the church. Triangulation techniques were used to ensure the validity of the data and strengthen the research findings. The results show that the implementation of the Great Commission carried out systematically, directed, and consistently proved very effective in encouraging the holistic growth of the youth community. Discipleship strategies through small groups and personal mentoring play a significant role in instilling strong faith values. Evangelism implemented creatively and contextually is able to attract the interest of the younger generation to join. Meanwhile, ongoing development provides space for youth to grow in service skills and channel their potential. Thus, the implementation of the Great Commission not only impacts the quantity of members but also the spiritual quality, commitment to service, and engagement of the younger generation with the church. This research provides a practical contribution to other churches seeking to develop youth ministry through a holistic and transformative approach based on the Great Commission.

Perkembangan produktivitas tenaga kerja Indonesia menunjukkan tren positif dalam beberapa tahun terakhir, di mana pada periode 2018–2022 produktivitas meningkat sebesar 4,8% dengan capaian tertinggi pada tahun 2022 mencapai Rp86,55 juta per pekerja per tahun. Potensi kelautan dan perikanan yang besar menjadi salah satu modal penting dalam mendorong pertumbuhan ekonomi nasional. Proyeksi pertumbuhan Produk Domestik Bruto (PDB) Indonesia pada tahun 2025 diperkirakan berada pada kisaran 4,9% hingga 5%, yang didorong oleh belanja publik yang terarah serta peningkatan investasi di berbagai sektor strategis. Pada tahun 2024, jumlah lapangan kerja diperkirakan mencapai 144,64 juta orang dengan pertumbuhan lapangan kerja baru yang berkontribusi terhadap penurunan tingkat pengangguran. Indeks Pembangunan Manusia (IPM) mengalami peningkatan dari 71,92 pada tahun 2023 menjadi target 72,51 pada tahun 2025, yang mencerminkan perbaikan kualitas pendidikan, kesehatan, dan standar hidup masyarakat. Rasio Gini, sebagai indikator ketimpangan pendapatan, menurun menjadi 0,380 pada akhir tahun 2024, menunjukkan peningkatan pemerataan pendapatan. Dari sisi pelayanan kesehatan, data alokasi BPJS Kesehatan pada tahun 2024 mencatat 102,8 juta data sampel yang tersedia, mencerminkan cakupan layanan kesehatan yang luas. Sementara itu, dari sisi fiskal, total penerimaan pajak dalam APBN 2024 diperkirakan mencapai Rp2.309,86 triliun dengan realisasi sementara sebesar Rp869,50 triliun, di mana penerimaan pajak termasuk pajak penghasilan dan pajak pertambahan nilai menunjukkan tren peningkatan dalam beberapa tahun terakhir. Belanja negara diperkirakan mencapai Rp3.325,12 triliun yang diharapkan mampu mendukung pemerataan dan keberlanjutan pembangunan nasional.

Pertumbuhan penduduk dan urbanisasi di Provinsi Lampung mendorong terbentuknya kawasan peri-urban yang memiliki potensi strategis, salah satunya adalah Kecamatan Natar di Kabupaten Lampung Selatan. Kawasan ini terletak di sekitar Bandara Internasional Radin Inten II dan menunjukkan karakteristik ideal untuk dikembangkan sebagai kawasan aerotropolis. Tujuan artikel ini adalah untuk menganalisis potensi demand dan dukungan sosial ekonomi terhadap pengembangan kawasan aerotropolis. Metode yang digunakan adalah kualitatif dengan pendekatan triangulasi data melalui analisis dokumen perencanaan, penyebaran kuesioner kepada 101 responden pengguna transportasi udara, serta wawancara dengan enam pemangku kepentingan dari instansi pemerintah terkait. Hasil studi menunjukkan bahwa 92% responden menyatakan setuju terhadap pengembangan aerotropolis, didukung dengan tingginya intensitas penggunaan pesawat terbang dan potensi pertumbuhan infrastruktur. Selain itu, sinergi antara dokumen RTRW, RDTR, dan Tataran Transportasi Wilayah menunjukkan komitmen pemerintah dalam mendukung pengembangan kawasan ini. Studi ini menyimpulkan bahwa percepatan implementasi aerotropolis dapat menjadi strategi pembangunan wilayah yang terintegrasi dan berkelanjutan di Provinsi.

This study explores the philosophical and theological implications of John Dewey's pedagogical thought, particularly his emphasis on reflective practice and experiential learning, within the context of Contemporary Christian Religious Education (PAK). Despite its potential to foster active, student-centered learning, a significant gap exists in deeply examining how Dewey's principles align with or challenge PAK's theological aim of faith formation. This qualitative library research, employing Miles and Huberman's data analysis model, addresses this gap by synthesizing Dewey's pedagogical concepts with the Christian theology of spiritual growth, particularly informed by 1 Corinthians 3:6, which posits that God gives the increase. The findings reveal that Dewey's experiential learning framework can profoundly enrich PAK by shifting the teacher's role from a primary knowledge dispenser to a facilitator who guides students in applying biblical truths to real-life experiences. This approach encourages holistic development encompassing cognitive, affective, and psychomotor domains. However, the implementation necessitates a robust theological filter, maintaining that biblical truth is final and acknowledging God's sovereignty in true spiritual growth. The study concludes that while Dewey's pedagogy provides practical strategies for student engagement and character development, its successful integration into PAK hinges on a clear understanding of its theological boundaries, ensuring that pedagogical flexibility is balanced with doctrinal integrity. This research offers a theoretical foundation for transformative PAK practices, aiming to cultivate knowledgeable Christian students with deep and active faith.

The development of the MSME sector plays an important role in driving national economic growth. Marketing and utilization of QRIS technology are factors that can increase business development, especially amidst tight competition and low adoption of digital payment systems. This study aims to determine the effect of marketing and utilization of QRIS technology on the development of the MSME sector. The research method used is quantitative with a population of MSMEs in the culinary sector in 15A Iringmulyo Metro Timur. The sample consisted of 50 respondents, determined through the Slovin formula with the Simple Random Sampling technique. The results of the study showed that partially, marketing has a positive and significant effect on the development of the MSME sector, the utilization of QRIS technology has a positive and significant effect on the development of the MSME sector. Simultaneously, both variables have a positive and significant effect on the development of the MSME sector. These findings indicate that optimizing marketing strategies and utilizing digital payment systems are important factors in supporting the sustainability and growth of micro, small, and medium enterprises in the area.

This study aims to analyze the influence of economic growth and education quality on labor absorption in 27 regencies/cities of West Java Province during the 2020–2024 period using the Random Effect Model (REM) method. The estimation results show that economic growth has a positive and significant effect on labor absorption, with a coefficient of 0.322424 and a p-value of 0.0002. This indicates that regional economic growth contributes to increasing employment opportunities. On the other hand, the quality of education, measured by the average years of schooling, has a negative and insignificant effect on labor absorption, with a coefficient of -0.706782 and a p-value of 0.0755. These findings suggest that improvements in formal education do not automatically lead to increased labor absorption, likely due to a mismatch between graduate qualifications and labor market needs. The Adjusted R-squared value of 0.091650 indicates that the model explains only about 9.16% of the variation in labor absorption, with the remaining variation influenced by other unobserved factors. Therefore, strategic policies are needed, such as the development of labor-intensive sectors and the improvement of vocational education quality and relevance, to optimally enhance labor absorption in West Java.