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Firm value is a metric that reflects investors’ perception of management’s success in managing the company, as represented by the market price of its shares. The transportation and logistics sector in Indonesia has faced significant challenges, especially since the COVID-19 pandemic, which has led to fluctuations in firm value. This study aims to analyze the effect of managerial ownership structure, sales growth, and business risk on the firm value of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2022 period. This research employs a quantitative approach with an associative research design. The primary theoretical framework used is agency theory, which explains the relationship between owners and managers and highlights the importance of aligning their interests in decision-making processes. The sample consists of 16 companies selected using purposive sampling, resulting in 48 observations over three years. Data were obtained from the official IDX website and analyzed using multiple linear regression with the help of SPSS software. The dependent variable is firm value, measured by price to book value (PBV), while the independent variables are ownership structure, measured by management ownership percentage (MOP); sales growth, measured by growth sales rate (G); and business risk, measured by the degree of operating leverage (DOL). The results of the study indicate that all three independent variables have a positive and significant effect on firm value. These findings support agency theory and demonstrate that an appropriate ownership structure, stable sales growth, and effective management of business risk can enhance firm value. This study is expected to contribute to the development of accounting science and managerial practices in the transportation and logistics sector, as well as provide insights for investors in making informed investment decisions.

Technological advancements have driven the growth of the financial industry in Indonesia. A more complex financial system provides benefits but also raises issues, such as the rise of illegal investments by business entities without official authorization. Investment involves allocating capital with the expectation of future profits. The growing middle class and economic development in Cangkring Village have increased public interest in investing. Unfortunately, many are tempted by high returns with minimal capital without considering legality. This community service program, as part of the Tri Dharma of Higher Education, aims to educate the public about legally compliant investments. The activities were conducted through lectures and participatory methods. The results indicate that public awareness of investment remains low due to limited financial literacy. Further education is needed to help people distinguish between legal and illegal investments, ensuring they invest safely and in accordance with applicable laws.

Investment interest in electric vehicles (EVs) in Indonesia remains relatively low despite its great potential to support the transition to clean energy. This study aims to analyze the influence of government incentives, price value perception, and environmental awareness on investment interest in electric vehicles. This research uses a quantitative approach with a survey method involving 120 respondents in the Jabodetabek area. The data were analyzed using multiple linear regression with the help of SPSS. The results show that all three independent variables—government incentives, price value, and environmental awareness—have a significant effect on investment interest, both partially and simultaneously. Among these factors, environmental awareness has the most dominant influence. The instruments used were proven valid and reliable, and the regression analysis met all the classical statistical assumptions. These findings indicate that policy support, perception of long-term benefits, and environmental concern are important factors in increasing public interest in investing in clean energy-based vehicles. This study is expected to serve as a reference for the government and industry players in designing strategies to develop the electric vehicle market in Indonesia.

This study uses a qualitative method with a case study approach to analyze the marketing strategy of the Cicil Emas (Gold Installment) product amid price fluctuations, as implemented by BSI KCP Kejuruan Muda. Cicil Emas is one of the flagship products of Islamic banks, offering great potential to fulfill the investment needs of Muslim communities. However, global gold price volatility poses a significant challenge in maintaining customer interest. This research aims to explore how marketing strategies are designed and applied in a dynamic market environment. Data were collected through in-depth interviews with marketing staff, direct observation, and internal documentation. The results reveal that BSI KCP Kejuruan Muda adopts adaptive marketing strategies through customer education, competitive margin offers, enhancement of digital services, and personalized approaches via Islamic finance communities. These strategies have proven effective in retaining customer loyalty and increasing the transaction volume of the Cicil Emas product despite price fluctuations. The study concludes that innovation and trust are essential in marketing Sharia-based products, particularly those that are highly sensitive to global market changes such as gold.    

Economic growth measures the achievement of the development of an economy from one period to the next. Theoretically, government spending allocated for the public interest and public welfare will encourage an increase in per capita income that is getting bigger from year to year. Investment is essentially also the initial step in economic development activities. This study aims to determine the Effect of Development Spending and Investment on Economic Growth in North Sumatra Province. The analysis technique used is data analysis in this study using a descriptive analysis method based on the descriptions that support the analysis. The results of this study indicate that partially the government spending variable has a significant negative effect on economic growth in North Sumatra Province with a significance value of 0.0030.05. Based on the results of the simultaneous test calculation, it is known that both government spending and investment variables simultaneously have a positive and significant effect on economic growth in North Sumatra Province with a significance value of 0.030.

This study explores the synergy between investment decisions and sharia compliance validation in developing financial products for SMEs, with a case study of PT Syariah Sejahtera. The research emphasizes the importance of integrating halal principles into investment analysis using methods such as Payback Period (PBP), Net Present Value (NPV), and Internal Rate of Return (IRR). The validation process involves systematic steps, including initial identification, legal analysis, consultation with the Sharia Supervisory Board, and issuance of fatwas to ensure products comply with Islamic law. Results demonstrate that effective integration enhances product credibility, attracts market interest, and contributes to economic and social welfare, especially in the agricultural SME sector. The findings suggest that combining financial analysis with strict halal validation fosters sustainable growth of sharia-based financial services, reinforcing trust and regulatory compliance.

The purpose of this study is to determine the magnitude of the influence of inflation and interest rates on economic growth in Kupang City. The research used is quantitative research analyzed using the help of the SPSS (statistical package for the social sciences) time series data software program. The data collection for this study is secondary data from the East Nusa Tenggara Central Statistics Agency and Bank Indonesia in 2013-2022 in the form of quarters (time series) in NTT Province. The results of the study show that the results of the regression analysis, inflation does not have a significant effect on economic growth in Kupang City during the 2013-2022 period. The results of the partial test (t-test) show that changes in interest rates play a role in determining the dynamics of economic growth, where lower interest rates tend to encourage increased investment and consumption, while higher interest rates have the potential to restrain economic activity because they increase borrowing costs. The results of the simultaneous test (F test), inflation and interest rates have a significance value of less than 0.05, which means that both variables simultaneously play a role in determining economic growth. The coefficient of determination (R²) value of 35.11% indicates that only a small portion of the variation in economic growth can be explained by inflation and interest rates. The remaining 64.89% is influenced by other factors outside the model, such as investment levels, government spending, unemployment rates, fiscal policies, and external factors such as global commodity prices and national economic conditions.

This study aims to analyze the impact of dividend policy, interest rates, and inflation on the stock prices of financial sector companies in Yogyakarta. The data used are secondary data obtained from company financial reports and macroeconomic indicators over a specific period. The analytical method employed is multiple linear regression to determine the extent to which the independent variables affect stock prices as the dependent variable. The results indicate that dividend policy has a significant positive effect on stock prices, while interest rates and inflation have a negative impact. These findings provide important implications for investors and financial managers in formulating investment strategies and dividend policies, as well as in considering macroeconomic conditions in financial decision-making within the financial sector.

This study seeks to understand how students in Lampung Province are influenced by social media influencers, their level of investment knowledge, their capital, and their risk tolerance when it comes to investing. The research highlights the significant role of investment in the economic system, emphasizing its dual function as a funding source for companies and an opportunity for investors to gain returns. The increasing trend of investment in Indonesia, particularly among the youth, indicates a growing interest in capital markets. Utilizing a quantitative approach, data was collected from 136 active students through online questionnaires. The study used multiple regression methods to look at how investment interest was correlated with the independent variables (knowledge of investing, capital, risk tolerance, and social media influencers). The findings reveal that investment knowledge and the percentage of income allocated for investment positively and significantly affect students' investment interest. Conversely, the influence of social media and risk tolerance did not show a direct impact. Notably, income as a moderating variable demonstrated a complex role, weakening the direct effects of knowledge and investment percentage while strengthening the influence of risk tolerance. The study suggests enhancing financial literacy programs and encouraging early financial management education to foster investment interest among students.

This research examines the legal status of nominee agreements within Indonesia's civil law system and their legal consequences for the parties involved. Amid increasing foreign investment in Indonesia, the phenomenon of nominee agreements has created tension between global economic interests and the principle of nationalism in land ownership. Using normative legal research methods with statutory and conceptual approaches, this research analyzes nominee agreements within the framework of the Indonesian Civil Code and the Basic Agrarian Law. The findings reveal that nominee agreements have no valid legal status as they contradict Articles 21 and 26 paragraph (2) of the Basic Agrarian Law and fail to fulfill the lawful cause requirement under Article 1320 of the Civil Code. Doctrinally, these agreements fall under the category of absolute nullity (void ab initio) as they constitute a form of legal circumvention (fraus legis). The legal consequences for all parties are detrimental, Indonesian citizens acting as nominees potentially face criminal charges and loss of land rights, while foreign citizens as beneficial owners have no legal protection for their investments.

Manufacturing companies in the textile and garment sector play an important role in the national economy, contributing to global development every year, creating jobs and encouraging domestic and foreign investment. However, the influence of globalization triggered by the influence of internal and external parties can cause many companies to experience financial difficulties. So researchers are interested in conducting research using secondary data in the form of annual financial reports. This study aims to evaluate financial ratios related to the company's financial distress conditions and identify factors causing financial difficulties in companies in the textile and garment sector listed on the Indonesia Stock Exchange in 2022-2023. This study uses the Springate (S-Score) method and logistic regression analysis with the results of the analysis showing that liquidity has a significant negative effect on financial distress, leverage has a positive insignificant effect on financial distress, and profitability has a significant negative effect on financial distress, and activity has a positive insignificant effect on financial distress.

This study aims to analyze the influence of financial performance on firm value in the manufacturing sector listed on the Indonesia Stock Exchange. Financial performance in this study is measured through four main indicators: Return on Equity (ROE), Return on Assets (ROA), Net Interest Margin (NIM), and Debt to Equity Ratio (DER). Meanwhile, firm value is determined using market-based financial ratios. The research method used is a quantitative approach with multiple linear regression analysis. The research data were obtained from publicly available financial reports of manufacturing companies with a total of 84 observations during the study period. This research model was designed to test the extent of influence of each financial performance indicator on variations in firm value. The analysis results show that ROE, ROA, NIM, and DER simultaneously have a significant effect on firm value. Partially, ROE and NIM are proven to have a significant positive impact, meaning that the higher the two ratios, the higher the firm value. Conversely, ROA and DER show a significant negative effect, indicating that an increase in these two variables actually decreases the firm value. These findings indicate different dynamics between financial indicators in influencing market perception. The coefficient of determination (R²) of 30.6% confirms that the variation in firm value can be explained by the four independent variables in the model, while the remainder is influenced by other external factors not included in the study. Therefore, the results of this study provide important insights for management and investors regarding the role of financial indicators in shaping firm value. Management can use these findings to evaluate financial strategies, while investors can use this information to strengthen the basis for investment decisions.

This study aims to examine the investment performance of the Financial Institution Pension Fund (DPLK) and the associated challenges, utilizing investment performance data analysis. The findings indicate that the aggregate return on investment for DPLK over the past six years (2019-2024) has reached 6.09%. This is lower than the industry average of 6.99% during the same period. The annual investment performance of DPLK shows the following: 6.18% in 2024, 5.88% in 2023, 3.41% in 2022, 4.06% in 2021, 8.89% in 2020, and 8.17% in 2019. Despite some fluctuations, these results are still considered suboptimal. Key challenges facing DPLK include market volatility, interest rate risk, longevity risk (longer participant lifespan), balancing return and risk, regulatory compliance, inflation, limited education and financial literacy, changing investment trends, and human resource competencies. To improve performance, DPLK must enhance its investment management quality by addressing these challenges and adopting strategies that optimize returns while managing risks.

The geopolitical relations between China and Afghanistan have undergone significant transformations in recent years, shaped by regional dynamics, security imperatives, economic cooperation, and strategic interests. As a neighboring country with extensive global influence, China has adopted a pragmatic approach toward Afghanistan, seeking to balance its economic investments with security considerations. This study explores the historical trajectory of Sino-Afghan relations, identifies the key factors influencing their bilateral interactions, and examines Afghanistan’s strategic importance within the broader regional ambitions of China—particularly in relation to the Belt and Road Initiative (BRI). It also briefly investigates China's role in Afghanistan’s political landscape following 2001 and analyzes its evolving stance after the Taliban's return to power in 2021. Furthermore, the research highlights the economic, security, and diplomatic dimensions of the two countries’ relationship and evaluates how Beijing’s strategic calculations in Afghanistan align with its broader regional objectives—especially concerning security stability (counterterrorism) and economic expansion. From a geopolitical standpoint, this paper offers insights into the long-term implications of China’s engagement with Afghanistan and its broader impact on the regional power dynamics, using a descriptive-analytical methodology.

The rapid development of digital technology has encouraged the emergence of crypto assets as a new investment instrument in Indonesia. Along with the increasing popularity of digital assets, the government responded by imposing tax policies in the form of Value Added Tax (VAT) and Income Tax (PPh) on every crypto transaction. This study aims to analyze the suitability of the tax imposition with the basic principles of tax law, as well as to examine its impact on the growth of the digital asset industry in Indonesia. The method used in this research is a literature study with a descriptive qualitative approach sourced from regulations, scientific journals, official reports, and international comparative studies. The results of the study show that the imposition of VAT on crypto transactions is not fully in line with the principles of fairness, legal certainty, and efficiency in taxation. In addition, the disproportionately high tax burden has a negative impact on investor interest, encourages offshore transactions, and slows down innovation in the domestic blockchain industry. Therefore, policy reformulation is needed, such as the application of capital gains tax and the provision of fiscal incentives, so that tax regulations can support the sustainable growth of the national digital economy.

Generation Z in Indonesia is increasingly interested in investment, particularly in mutual funds, but still faces challenges such as low financial literacy and a lack of understanding of investment risks. This study aims to analyze the influence of financial literacy, income, and investment risk on mutual fund investment decisions among Generation Z registered with the Indonesian Central Securities Depository (KSEI). This research employs a quantitative descriptive method with a causal approach to examine the cause-and-effect relationship between independent variables (financial literacy, income, and investment risk) and the dependent variable (mutual fund investment decisions). The study population consists of Generation Z investors who invest through KSEI, with a sample of 100 respondents selected using a non-probability sampling technique, specifically purposive sampling. Data collection was conducted through questionnaires as the primary instrument, supplemented by secondary data from journals, books, and other sources. The collected data were analyzed using the Statistical Package for the Social Sciences (SPSS) version 29. The research results show that financial literacy, income, and investment risk have a positive and significant influence on mutual fund investment decisions among Generation Z registered with the Kustodian Sentral Efek Indonesia (KSEI).

This study aims to analyze the strengths, weaknesses, opportunities, and threats (SWOT) in the development of culinary MSMEs in Central Java Province. A descriptive qualitative approach was used, with data collection conducted through interviews, observations, and secondary document review. Data analysis was performed using the Miles and Huberman interactive model, which allowed for the systematic processing and interpretation of the gathered data. The findings revealed that the key strengths of culinary MSMEs in Central Java include clear market segmentation, strategic locations, and product innovation. These strengths enable the businesses to reach targeted customers effectively and maintain competitiveness in a dynamic market. However, the main weaknesses identified include limited utilization of digital technology and a lack of managerial development, which hinder their ability to scale and improve operational efficiency. The study also highlighted significant opportunities for growth, such as government support for MSMEs and the rapid development of digital technologies that can enhance marketing and operational processes. Despite these opportunities, the threats facing these businesses include intense competition from both local and global players, as well as a low level of interest in entrepreneurship among the younger generation, which limits the growth potential of new businesses. Based on the SWOT analysis, the study proposes a development strategy matrix that MSMEs and policymakers can use to address weaknesses, capitalize on opportunities, and mitigate threats. This strategy emphasizes the need for digital transformation, investment in managerial skills, and fostering an entrepreneurial culture to ensure the sustainable growth of culinary MSMEs in the region. The findings provide valuable insights for both business owners and policymakers to support the development of the culinary sector in Central Java

The bond market in Indonesia continues to develop and become one of the investment instruments of interest, both by institutional and individual investors. This study aims to compare the characteristics of government bonds and corporate bonds based on several factors such as Yield to Maturity (YTM), bond prices, and duration (Macaulay and Modified Duration). The method used is comparative quantitative analysis with secondary data obtained from the website of Kustodian Sentral Efek Indonesia (KSEI). The results of the study indicate that government bonds have a lower risk with a YTM of 6%, a market price of IDR990,000.00, a macaulay duration of 1,903  years, and a modified duration of 1,82 years. In contrast, corporate bonds offer higher returns with a YTM of 12.14%, a market price of IDR980,000.00, a Macaulay duration of 1,847 years, and a modified duration of 1,77 years. Thus, this study is expected to provide insight for investors in adjusting investment choices based on risk profiles and financial goals.

As global pressure for decarbonizing the maritime sector intensifies, ports worldwide, including in Indonesia, are facing demands to transform into green ports. This study aims to conduct an in-depth analysis of the multidimensional challenges and complex stakeholder dynamics in the implementation of the green port concept in Indonesia. Using a descriptive qualitative method based on a documentary study, this research integrates Stakeholder Theory and Institutional Theory to dissect the interactions among actors and the external pressures shaping sustainability strategies. The main findings indicate that the green transition in Indonesian ports is hindered by three primary challenges: (1) economic constraints related to high investment and operational costs, (2) socio-economic trade-offs that risk impeding regional economic growth, and (3) fragmented governance among government institutions. Stakeholder analysis identifies fundamental conflicts of interest among the government, port operators, the private sector, and local communities. The implication of this research is the need for a shift from showcase projects to a holistic, systemic transformation, supported by a robust multi-stakeholder governance platform and effective incentive schemes to encourage widespread adoption of green technology.

This study examines the relationship between interest rates, inflation, and investment, as well as their impact on economic growth. High interest rates tend to hinder investment by increasing capital costs, while uncontrolled inflation can create economic uncertainty that negatively affects investment decisions. Based on the Fisher Effect concept, the nominal interest rate is the sum of the real interest rate and the expected inflation rate, indicating that changes in inflation directly influence central bank interest rate policies. An analysis of various journals reveals that interest rates have a negative relationship with investment, while inflation can have both positive and negative effects depending on its level. If inflation remains stable, investment tends to increase; however, if inflation is too high, purchasing power declines, and investors seek safer assets. On a macroeconomic scale, healthy investment is a key factor in driving economic growth, as it contributes to job creation and increased production. Therefore, a balanced monetary policy is essential to maintaining inflation stability, interest rates, and investment growth to ensure sustainable economic development.