International Journal of Social and Management Studies

A Individual Investors’ Interest in Sustainable Stocks in Indonesia: The Roles of Education, Social Media, and Investment Knowledge

Stevan Abraham William — 2025-10-21

This study examines how educational background, social-media exposure, and investment knowledge shape individual investors’ interest in sustainable (ESG) stocks in Indonesia. Using a qualitative design with a small confirmatory survey, data were gathered through purposive and snowball sampling via semi-structured interviews with retail investors (until saturation) and a short online questionnaire; tools included an interview guide, NVivo (QSR International) for thematic coding, IBM SPSS Statistics for basic descriptives and reliability checks, and Google Forms for survey administration, complemented by a desk review of OJK/BEI documents and ESG index fact sheets (IDX ESG Leaders, SRI-KEHATI). Findings indicate that finance-related education aligns with stronger, steadier ESG interest; social media often initiates interest but can induce bias and FOMO, while credible sources and community support sustain it; greater investment knowledge improves content filtering and risk–return judgment, reducing noise from social platforms; investors still prioritize risk, return, and liquidity, with lingering concerns about liquidity and greenwashing; clear ESG labels in trading apps and transparent issuer reporting increase stated intent to invest. Overall, interest peaks when financial and sustainability literacy intersect with credible ESG information and accessible products, yet traditional risk–return–liquidity anchors decisions. Limitations include non-probability sampling, modest sample size, Indonesia-centric context, self-reported data, and a cross-sectional design. The study contributes actionable guidance for regulators, the exchange, platforms, and educators to blend literacy programs, credibility cues, and affordable ESG offerings, and enriches behavioral and sustainable finance by showing how education, social media, and knowledge jointly shape ESG investment intentions in an emerging market.

FINANCIAL PERFORMANCE DETERMINANTS MODERATED BY COMPANY SIZE: THE CASE OF PALM OIL PLANTATION SUB-SECTOR IN INDONESIA

Inderijati Susilo — 2025-09-15

This study aims to analyze the effects of Crude Palm Oil Price (CPOP), Corporate Social Responsibility
(CSR), Leverage (DER), and Enterprise Risk Management Disclosure (ERMD) on corporate financial
performance (ROA), with Firm Size as a moderating variable. Employing a quantitative approach, the study
utilized data from a population of 28 palm oil plantation companies listed on the Indonesia Stock Exchange (IDX)
in 2024. Using a purposive sampling technique, the research sample consisted of 15 companies that met the
criteria of publishing a sustainability report during the 2019-2023 period. The regression results indicate that
CPOP, CSR, and ERMD have no significant effect on ROA. However, DER was found to have a significant
negative effect on financial performance. Furthermore, the moderation analysis reveals that Firm Size
significantly and positively moderates the effect of DER on ROA. These findings suggest that while high debt can
generally be a burden, larger firms possess the ability to manage leverage effectively, turning it into a driver of
financial performance.

Assessing Project Management Maturity to Enhance the Sustainability and Effectiveness of Digital Transformation Initiatives

Deanur Yudianingtyas — 2025-09-12

Digital transformation has become a strategic agenda for organizations to enhance competitiveness, operational efficiency, and long-term sustainability. However, the success of digital transformation projects largely depends on the effectiveness of project management and the organization’s project management maturity level. This study aims to analyze the maturity level of project management and its role in improving the effectiveness and sustainability of digital transformation projects in PT XYZ, a company in the Indonesian telecommunication sector. A mixed-method approach was applied: qualitative data were obtained through Focus Group Discussions (FGDs) with key stakeholders and analyzed using NVivo software, while quantitative analysis utilized secondary company data related to project performance. Project maturity was assessed using the Project Management Maturity Model (PMMM), supported by CMMI and COBIT 2019 frameworks. The results show that PT XYZ’s maturity level is at 2.4 (repeatable–defined), indicating partially defined but insufficiently standardized processes. Key issues include undocumented baseline scope, reactive cost control, unrealistic schedules, and inconsistent quality assurance practices. The findings highlight that maturity level mediates the relationship between project effectiveness and digital transformation success. The study contributes theoretically by integrating maturity level and sustainable project effectiveness within the digital transformation context, and practically by offering strategic recommendations on process standardization, human resource development, digital tool optimization, cost control, governance, and quality assurance.

The Influence of Transformational Leadership and Organizational Commitment on Sustainable Employee Performance with Job Satisfaction as a Mediation at PT Anugrah Tiga Berlian East Jakarta

Anita Ferdiana — 2025-09-04

This study aims to analyze the effect of transformational leadership and organizational commitment on sustainable employee performance with job satisfaction as a mediating variable. The research is motivated by the importance of achieving long-term sustainable performance through inspiring leadership, employee commitment, and job satisfaction. The study was conducted at PT Anugrah Tiga Berlian East Jakarta in 2025, involving 98 employees as respondents. A quantitative descriptive approach was applied, with data collected through questionnaires and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings reveal that transformational leadership and organizational commitment have a positive and significant effect on sustainable employee performance, both directly and indirectly through job satisfaction. Furthermore, job satisfaction plays a significant mediating role in strengthening the relationship between transformational leadership, organizational commitment, and sustainable performance.

The Influence Green Operations on Sustainability Performance Through Service Quality in Banking Services

Hendra Suparyadi — 2025-09-02

This study aims to find out and analyze the influence of Green Operations on Sustainability Performance through Service Quality in Banking Services. The population of this study is PT XYZ employees with a sample of 102 people. The technique used in the distribution of this questionnaire is purposive sampling. This technique is included in the category of non-probability sampling. The data analysis method used the Structural Equation Model-Partial Least Square (SEM-PLS). The results of the study show that Green Operations has a positive effect on Service Quality, Service Quality has a positive effect on Sustainability Performance, Green Operations has a positive and significant effect on Sustainability Performance, and there is an indirect influence of Green Operations on Sustainability Performance through Service Quality. This means that Service Quality acts as a partial mediating variable that strengthens the relationship between green operations and sustainability performance.

The Factors Influencing Sustainable Investment in Digital Investment Applications in Indonesia

Elyana Hati — 2025-09-04

This study investigates the determinants of sustainable investment behavior among Indonesian investors who use digital investment applications. Specifically, the research examines the effects of risk preference and investment horizon on sustainable investment, with income, gender, and age as moderating variables. The study employed a quantitative research method with 85 respondents from the Master of Management program at Universitas Mercu Buana, Jakarta. Partial Least Squares Structural Equation Modeling (PLS-SEM) was utilized for data analysis. The findings reveal that both risk preference and investment horizon have a significant positive effect on sustainable investment decisions. However, income, gender, and age do not moderate these relationships. This research contributes to the literature by emphasizing the stronger role of behavioral factors compared to sociodemographic characteristics in shaping sustainable investment behavior in the Indonesian digital financial market.

KEMANDIRIAN SIBER INDONESIA: TANTANGAN DAN PELUANG MENUJU KEDAULATAN DIGITAL

Saepudin Hidayat — 2025-09-27

Indonesia menghadapi lonjakan signifikan ancaman keamanan siber yang mengancam kedaulatan dan keamanan nasional. Data Badan Siber dan Sandi Negara (BSSN) mencatat peningkatan serangan siber dari 12,8 juta pada 2018 menjadi 74,2 juta pada 2020, dan mencapai lebih dari 3,6 miliar serangan sepanjang tahun 2025. Ancaman yang dominan meliputi malware, social engineering, serangan DDoS, serta kebocoran data yang menjadi isu krusial. Pemerintah telah merumuskan Strategi Keamanan Siber Nasional (SKSN) yang selaras dengan nilai kedaulatan, kemandirian, keamanan, kebersamaan, dan adaptif, termasuk penguatan infrastruktur siber, peningkatan kapasitas sumber daya manusia, dan penegakan hukum siber. Regulasi seperti Rancangan Undang-Undang Keamanan dan Ketahanan Siber menjadi prioritas untuk mendukung kedaulatan digital. Industri keamanan siber lokal berkembang pesat, dengan peningkatan talenta muda melalui kompetisi dan pelatihan. Meskipun menghadapi tantangan investasi, koordinasi antar-lembaga, dan pengembangan teknologi lokal, kemandirian siber Indonesia merupakan fondasi utama dalam mewujudkan kedaulatan digital nasional. Diperlukan kolaborasi lintas sektor untuk membangun ekosistem keamanan siber yang kuat dan adaptif menghadapi ancaman siber yang semakin kompleks di era digital.

The Influence of Project Leader and SDGs Implementation on Project Success with Management Transformation as a Mediating Variable

Pahala Budiman Marbun — 2025-09-15

Abstract - This study examines the effects of Project Leader and SDGs implementation on housing project success, with Management Transformation as mediator. A cross-sectional survey was administered; 150 valid responses were analyzed. Data were collected using structured questionnaires and processed with PLS-SEM two-stage model. Results show all paths significant at α < 0.05. Project Leader directly affects project success and indirectly through Management Transformation. SDGs implementation influences Management Transformation and also increases project success. Management Transformation positively affects project success. Mediation tests confirm Management Transformation mediates the effects of Project Leader and SDGs implementation. These findings highlight the roles of leadership, sustainability, and management transformation in improving housing project performance.

The Influence of Work Discipline as a Mediator of the Relationship between Work Motivation and Work Culture on the Sustainability Performance of Bid Personnel Public Relations of Polda Metro Jaya

Cindy Suliscianty — 2025-09-04

The Public Relations Division of the Metro Jaya Police is facing a decline in organizational performance with a decrease in counter opinion activities by 63.5% in 2024, indicating problems in human resource management related to discipline, motivation, and work culture of personnel. This study aims to analyze the influence of work motivation and work culture on sustainable performance with work discipline as a mediating variable. The research method used a quantitative approach with causal design through the analysis of Partial Least Square-Structural Equation Modeling (PLS-SEM) on 60 personnel respondents using a five-level Likert scale questionnaire. The results showed that work motivation and work culture had a significant positive effect on work discipline with t-statistics of 3.913 and 3.177, the three predictor variables had a significant effect on sustainable performance, and work discipline was proven to mediate the relationship between work motivation (t-statistic: 2.923) and work culture (t-statistic: 2.175) on sustainable performance with a Goodness of Fit of 0.471. In conclusion, increased motivation and work culture will be more effective in improving sustainable performance when mediated by strong work discipline. It is suggested that the implementation of integrated programs includes a transparent reward system and strengthening a culture of professionalism.

Operational Efficiency Improvement through Integrated Inventory Management and Control: Case Study of PT XYZ

Arfi Bayu Kusuma — 2025-09-04

This study examines how integrated inventory control improves operational efficiency at PT XYZ, a wholesaler of imported frozen beef. We apply ABC classification, three time-series forecasting techniques (Moving Average, Exponential Smoothing, Least Squares), and the Economic Order Quantity (EOQ) model. At the SKU level, Exponential Smoothing consistently yields the lowest forecasting error across 2023–2024 and most closely tracks actual demand patterns. EOQ analysis indicates substantial cost efficiency relative to actual practices for the majority of SKUs; for instance, TRRL00068 achieves 43–45% annual savings over 2022–2024 and TRSFF00066 achieves 43–46% savings in the same period. These findings demonstrate that disciplined inventory control—anchored in accurate forecasting and EOQ-based ordering—reduces total inventory costs and supports more reliable service levels. The implications align with sustainable operations by lowering waste from overstock and mitigating stockout risks.

The Effect of ESG, Operational Capacity, Claim Ratio, and Liquidity on Financial Distress of Insurance Companies Moderated by Risk-Based Capital

Bhima Mahendra — 2025-09-02

This study investigates the influence of Environmental, Social, and Governance (ESG), operational capacity, claim ratio, and liquidity on financial distress in Indonesian insurance companies, with Risk-Based Capital (RBC) as a moderating variable. Using a quantitative approach with saturated sampling, the study analyzed 18 insurance companies listed on the Indonesia Stock Exchange. Panel regression with EViews 12 was applied to test the hypotheses. The results show that ESG and liquidity do not significantly affect financial distress, while operational capacity has a positive effect and claim ratio has a negative effect. Moreover, RBC does not moderate the relationship between ESG or liquidity and financial distress but significantly strengthens the effects of operational capacity and claim ratio. These findings highlight the importance of operational efficiency and claim management in reducing financial distress, while emphasizing the role of RBC as a financial safeguard in the insurance industry.