Journal La Bisecoman

Analysis of Macroeconomic Factors on the Movement of the Stock Market

Diana Diana, Nopiani Indah — Mon, 29 Jun 2026 18:47:38 +0700

This study aims to analyze the influence of macroeconomic variables consisting of Inflation, Gross Domestic Product (GDP), Interest Rates, Exchange Rates, and Unemployment Rates on the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. This study employs a causal quantitative approach by observing monthly time series data from January 2015 to December 2024. Through saturated sampling, 120 secondary data observations were obtained, sourced from the Central Bureau of Statistics, Bank Indonesia, and the Indonesia Stock Exchange. Data analysis was conducted using multiple linear regression based on Ordinary Least Squares (OLS) which fulfilled the classical assumption tests. The results concluded that simultaneously, Inflation, GDP, Interest Rates, Exchange Rates, and the Unemployment Rate have a significant effect on the IHSG. Partially, GDP and the Exchange Rate were proven to have a significant positive effect on the IHSG. Conversely, Interest Rates and the Unemployment Rate have a significant negative effect. Meanwhile, the Inflation variable was proven to have no significant effect on the IHSG during the observation period. The implications of this study emphasize that real and monetary macroeconomic factors dominate asset valuation sentiment in emerging capital markets.

Adaptive Leadership in Higher Education: Organizational Communication and Institutional Sustainability

Thu, 09 Jul 2026 13:48:08 +0700

This study examines the role of adaptive leadership in higher education and its relationship with organizational communication and institutional sustainability. A qualitative exploratory case study was conducted at STIE Ciputra Makassar, Indonesia. Data was collected through semi-structured interviews, non-participant observation, and document analysis, and analyzed using thematic analysis. The findings show that adaptive leadership enables institutions to respond effectively to external changes such as regulatory shifts, technological development, and increasing competition in higher education. Leadership adaptability is reflected in flexible decision-making, contextual problem solving, and continuous organizational adjustment. Organizational communication plays a central role in strengthening adaptive leadership through open communication, consistent information flow, and participatory coordination among leaders, lecturers, and staff. The study further reveals that institutional sustainability is shaped not only by financial performance but also by academic quality, institutional reputation, and stakeholder trust. Adaptive leadership contributes to sustainability by enhancing organizational adaptability, supporting human resource development, and promoting data-driven decision-making. The results indicate that adaptive leadership, organizational communication, and institutional sustainability are interrelated and form an adaptive organizational system. In conclusion, adaptive leadership supported by effective organizational communication is a key factor in ensuring the sustainability of higher education institutions. This study contributes to leadership theory in higher education and offers practical implications for strengthening institutional resilience and competitiveness.

The Influence of Access to Green Jobs and Regulatory Incentives in Encouraging Sustainable Agricultural Practices on Young Entrepreneurs in the Agribusiness Sector

Ridwan Ridwan, Hasriani Hasriani, Syamsul Alam — Tue, 14 Jul 2026 15:33:27 +0700

This study examines the low adoption of sustainable agricultural practices among young agripreneurs, influenced by limited access to green jobs and weak regulatory incentives. The objective of the study is to analyze the influence of these two factors and identify the role of policy in strengthening the green economy ecosystem. The method used is a Systematic Literature Review (SLR), with data sources from reputable journals and relevant scientific literature. The data were analyzed using content analysis techniques to identify patterns of relationships between variables. The results indicate that access to green jobs and the effectiveness of regulatory incentives play a significant role in encouraging sustainable agricultural practices. In conclusion, the integration of green job opportunities and adaptive policies is key to accelerating the transformation of the agribusiness sector towards sustainability.

Employee Engagement as a Pathway to Employee Retention: The Role of Employee Well-being and Work-Life Balance in the Banking Sector

Marsuki Marsuki, Yuswari Nur — Tue, 28 Jul 2026 14:03:58 +0700

Employee retention has become an important challenge in the banking industry amid digital transformation and changing workforce expectations. This study examines the effects of Employee Well-being and Work-Life Balance on Employee Retention through Employee Engagement among employees of BNI Makassar. A quantitative approach was employed using survey data collected from 148 employees selected from a population of 235 employees. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS 4. The findings reveal that Employee Well-being and Work-Life Balance positively and significantly affect Employee Engagement and Employee Retention. Employee Engagement also has a significant positive effect on Employee Retention and partially mediates the relationships between Employee Well-being and Employee Retention as well as between Work-Life Balance and Employee Retention. Employee Well-being emerged as the strongest predictor of Employee Retention. These findings indicate that organizational efforts to improve employee welfare, create a supportive work environment, and promote work-life balance can strengthen employee engagement and enhance retention. The study contributes to the human resource management literature by providing empirical evidence on employee retention mechanisms in the banking sector and offers practical implications for developing sustainable human resource strategies.

Customer Satisfaction in the Cosmetics Retail Industry: The Roles of Service Quality and Price Perception

Yopelina Dowansiba, Roberth Kurniawan Ruslak Hammar, Lucia K Rahaded — Tue, 28 Jul 2026 14:54:19 +0700

This study aims to examine the effects of Service Quality and Price Perception on Customer Satisfaction among customers of Rain Cosmetics Manokwari. The research employed a quantitative approach involving 79 customers selected through purposive sampling. Data were collected using a structured questionnaire based on a five-point Likert scale and analyzed using multiple linear regression with the assistance of Statistical Package for the Social Sciences software. Prior to hypothesis testing, the research instrument was evaluated through validity and reliability tests, while the regression model was assessed using classical assumption tests, including normality, multicollinearity, and heteroscedasticity tests. The findings indicate that all measurement items are valid and reliable, and the regression model satisfies the required statistical assumptions. The results reveal that Service Quality has a positive and significant effect on Customer Satisfaction. Price Perception also exerts a positive and significant effect on Customer Satisfaction and emerges as the most influential variable affecting customer satisfaction. Simultaneously, Service Quality and Price Perception significantly influence Customer Satisfaction and explain a substantial proportion of customer satisfaction variations. The findings suggest that customer satisfaction in the cosmetics retail industry is influenced by both positive service experiences and favorable perceptions regarding price fairness and value. The study concludes that improving service performance and maintaining appropriate pricing strategies are essential for enhancing customer satisfaction and strengthening competitiveness in the cosmetics retail sector

Lifestyle as a Mediator of Store Atmosphere, Work Facilities, and Café Visiting Decisions Among Urban Consumers

Yuswari Nur — Tue, 28 Jul 2026 15:47:41 +0700

This study examines the role of store atmosphere and work facilities in shaping café consumers' visiting decisions, with lifestyle as a mediating variable. A quantitative approach was adopted using structured survey questionnaires administered to 105 respondents in Makassar, South Sulawesi, Indonesia, who regularly use cafés for working, studying, or social interaction. Respondents were selected through purposive sampling, and the minimum sample size was determined based on the number of research indicators. Data were analysed using Structural Equation Modelling Partial Least Squares (SEM-PLS) with SmartPLS 4. The results show that store atmosphere has a positive and significant effect on both visiting decisions and lifestyle, while work facilities significantly influence lifestyle but do not directly affect visiting decisions. Lifestyle positively and significantly affects visiting decisions and mediates the relationships between store atmosphere, work facilities, and visiting decisions. These findings suggest that modern café consumer behaviour is shaped not only by functional aspects of café environments, but also by lifestyle formation, social experiences, and productive activities associated with the work-from-café phenomenon in urban communities.

Public Budget Efficiency Strategy in the Regions: Between Transparency, Innovation, and Public Participation

Mahyudin Mahyudin, Sry Mayunita, Junaid Gazalin — Tue, 04 Aug 2026 13:13:35 +0700

This study examines strategies for public budget efficiency in Buton Regency, Southeast Sulawesi Province, focusing on three key aspects: transparency, innovation, and public participation. The findings indicate that budget efficiency is not only determined by the government’s ability to cut costs but also by the quality of participatory and transparent governance. First, the current condition of Buton shows that a large portion of the regional budget is absorbed by personnel expenditure, with several programs still misaligned with community needs. Second, transparency serves as the foundation of efficiency, reflected in the improvement of the regional information disclosure index, although consistency in data publication remains a challenge. Third, public service innovation through the Public Service Mall (MPP) has successfully reduced average service time from six days to two days, while lowering operational costs and increasing citizen satisfaction. Fourth, public participation through the Musrenbang forums is relatively high, yet digital oversight and the role of civil society organizations remain limited. Thus, strategies for public budget efficiency at the regional level should integrate strong transparency, community-oriented service innovation, and inclusive public participation to achieve efficient, accountable, and equitable local governance.