International Journal of Engineering Business and Social Science

The Effect of Underwriter's Reputation, Auditor's Reputation, and Leverage on Underpricing with Concentrated Ownership As a Moderation Variable

Hasna Nur Afifah — 2024-12-19

The phenomenon of underpricing in Initial Public Offerings (IPOs) is still a major concern in the Indonesian capital market, especially in ensuring market efficiency and optimal investment decision-making. This study aims to analyze the influence of underwriter reputation, auditor reputation, and leverage on stock underpricing, with concentrated ownership as a moderation variable. This study uses a quantitative method with a descriptive and causal approach. The sample consisted of 363 companies that conducted IPOs on the Indonesia Stock Exchange (IDX) in 2011-2021, which were selected using the purposive sampling method. Secondary data is obtained through IPO prospectus documentation and stock price information from the official portals of IDX, TICMI, and e-bursa.com. Data analysis was carried out using moderation regression, with hypothesis testing through t-test at a significance level of 5%.

The results show that the underwriter's reputation and leverage do not have a significant effect on underpricing, while the auditor's reputation has a significant negative influence. Concentrated ownership does not function as a moderating variable in the relationship between independent variables and underpricing. The implications of this study provide insights for companies, underwriters, and regulators to pay more attention to auditor quality factors in the IPO process to improve transparency and efficiency of the capital market. This research also opens up opportunities for further exploration of other factors that affect underpricing in the Indonesian capital market.

Energy Transition Planning in Achieving the 2060 Net-Zero Emissions Target in the Electricity Sector of North Sumatra Province

Muhamad Iqbal Sutikno — 2024-12-11

Accessibility, adequacy, and environmental sustainability principles in providing a national electricity supply will become key demands in the coming years. The energy transition from fossil fuel sources to renewable energy is necessary to mitigate the impact of climate change, with projections towards the Net-Zero Emissions target by 2060 in Indonesia. The study aims to model energy transition scenarios, evaluate the optimal renewable energy mix, and determine emission reduction strategies in the electricity sector using LEAP-NEMO software. This study uses a forecasting-based simulation modeling method with a mathematical approach through LEAP software and NEMO optimization framework. Three scenarios were analyzed, namely Business As Usual (BAU), Net Zero Emissions Carbon Capture Storage (NZE CCS), and Net Zero Emissions Full Renewable Energy (NZE FRE).

The study results show that by 2060, the NZE FRE scenario can achieve a 100% renewable energy mix, compared to the BAU scenario (42.1%) and the NZE CCS scenario (70.8%). Solar, biomass, hydro, and geothermal energy are projected to be the main sources of electricity generation in the NZE FRE scenario, with solar energy as the largest contributor. The NZE FRE scenario is also proven to be the most effective in reducing greenhouse gas emissions by up to 265.9 million tons of CO₂, or 70.5% of avoidable greenhouse gas emissions, compared to the BAU scenario. Although the cost of the NZE FRE scenario is higher, it can provide lower external impacts and long-term benefits in environmental sustainability.

The Role Of Self-Efficacy As An Effect Mediator Entrepreneurship Education For Entrepreneurship Interest Students In Bali

I Gusti Made Suwandana — 2024-12-09

The increasingly fierce economic competition and the world of work make unemployment one of the main challenges, including in Indonesia. Although higher education is expected to increase job opportunities, many graduates still need help finding jobs that match their qualifications. Entrepreneurship education has emerged as a potential solution to reduce unemployment by encouraging students to be interested in entrepreneurship. However, the effectiveness of this program is often influenced by students' self-efficacy, namely their belief in their ability to succeed.

This study examines self-efficacy as a mediator between entrepreneurship education and students' interest in entrepreneurship in Bali. Using an associative quantitative approach, 110 respondents were randomly selected from universities in Bali. Data was collected through questionnaires and analyzed using path analysis, Sobel test, and Variance Accounted For (VAF).

The study's results show that entrepreneurship education positively and significantly influences self-efficacy and entrepreneurial interest. Self-efficacy has also been proven to mediate entrepreneurship education's influence on entrepreneurial interest significantly. These findings show that strengthening self-efficacy is the key to increasing the effectiveness of entrepreneurship education.

This research implores the importance of a holistic approach in entrepreneurship education programs, which focuses on technical skills and the development of students' psychological aspects. Educational institutions and policymakers are expected to design more comprehensive programs to encourage the younger generation to become confident and innovative entrepreneurs.

Collaborative Governance in Increasing Original Regional Income

Rina Parlina — 2024-11-23

This research, titled Collaborative Governance in Increasing Original Regional Income (A Bibliometric Approach to Research Development), aims to uncover research trends on collaborative governance through a bibliometric study approach. The primary objective is to identify scientific publications that contribute to studies on collaborative governance, particularly in the context of enhancing Regional Original Income (ROI). The researcher retrieved documents from the Scopus database, focusing on the subject of social sciences and using the VOSviewer application for data processing. The initial search resulted in 2,856 documents, which were filtered down to 48 articles related to collaborative governance in the field of Government Science. The bibliometric analysis highlights that the majority of collaborative governance research is conducted within the social sciences, emphasizing its importance in government functions and policy implementation, especially in efforts to increase regional income. A noticeable peak in research output occurred in 2022, with 231 articles published, indicating a growing interest in this field. This study also maps the geographical distribution of research, revealing that the United States, the UK, and China are the leading contributors, while Indonesia has not yet entered the top ten, presenting opportunities for further development in this area. Collaborative governance research often intersects with policy networks, which are crucial for addressing governance challenges in public administration. The study suggests that increasing collaborative governance research in Indonesia could significantly contribute to both the academic field of Government Science and practical policy-making.

The Effect of Job Placement, Workload, and Nurse Work Facilities on Nurse Job Satisfaction at Jombang Hospital

Kaesa Maximimillian Sumarno — 2024-04-12

Rapid technological developments have influenced work patterns, employee interactions, and managerial systems in various sectors. The purpose of this study is to analyze the effect of digital technology implementation on employee productivity in manufacturing companies in Indonesia. This study uses a quantitative descriptive cross-sectional design, with a sample of 110 nurses in the Nakula, Sadewa and Abimanyu rooms of Jombang Regional Hospital. Data analysis was carried out using SmartPLS software to see the effect of independent variables on dependent variables using the Structural Equation Modeling-Partial Least Square (SEM-PLS) method. The results of the study indicate that the application of digital technology has a significant positive effect on employee productivity, with digital communication and automation systems as the most influential variables. The implications of this study provide insight for managers and policy makers in designing technology implementation strategies that can improve employee productivity and overall performance. In addition, this study also opens up opportunities for further research on the impact of digital technology in other industrial sectors.

Improving Teacher Performance Through Strengthening Servant Leadership, Organizational Climate, Personality and Work Motivation (Path Analysis and Sitorem Study on SMP Negeri Bogor City)

Asep Suhendar — 2024-12-19

Teacher performance becomes factor key in increase quality education , especially at the junior high school level . In Bogor City, the priority given For optimize teacher performance in use reach results Study optimal students . Research This aiming analyze influence leadership serving , climate organization , personality , and motivation Work to performance of junior high school teachers. Research methods use survey with approach correlation and analysis path analysis. Data collected through instrument questionnaire and analyzed use technique analysis path. Research results show that teacher performance can improved through leadership serving the supportive teacher welfare , climate conducive organization, good personality, and motivation high work. SITOREM analysis identified indicators important things to do reinforced, such as resilience to stress and system compensation. Implications study This give guide for stakeholders policy education For increase teacher performance through strengthening factors external and internal, in order to achieve quality more education both in Bogor City. Research This confirm the importance of a holistic strategy in management teacher performance.