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.