Journal of Economics and Business Letters

The effect of liquidity, solvency, and profitability on company value in retail sub-sector companies listed on the Indonesia stock exchange for the 2019-2023 period

Shultonnyck Adha — 2026-02-28

This study aims to determine the influence of liquidity, solvency, and profitability on the value of the company. The population in this study is retail sub-sector companies listed on the Indonesia Stock Exchange. Based on the sampling technique with purposive sampling, a sample of nine companies was obtained. The data were analyzed using multiple linear regression analysis with the help of SPSS version 30. The results of the study show that partially liquidity and profitability do not have a significant effect on the company’s value, while solvency has a positive and significant effect on the company’s value. The results of the study simultaneously show that liquidity, solvency, and profitability have a positive and significant effect on the company’s value.

The influence of competency, professionalism, good organizational communication, and team work on individual performance

Muchtamim Muchtamim — 2026-02-28

This study examines the influence of competency, professionalism, good organizational communication, and teamwork on employee performance among private company employees in Jakarta. Data were collected through questionnaires distributed via Google Forms. Using the Lamshow formula, the required sample size was 96.04 and rounded to 97 respondents. An initial validity and reliability test on 30 samples showed all items were valid (r > 0.312) and reliable (Cronbach’s alpha > 0.60). Classical assumption tests indicated that the data were normally distributed, with no multicollinearity (VIF < 10; tolerance > 10%) and no heteroscedasticity based on scatterplot results. Simple and multiple regression analyses revealed that competency, professionalism, good organizational communication, and teamwork partially and simultaneously have positive and significant effects on employee performance. The coefficients of determination showed that competency contributed 46.8%, professionalism 50.6%, organizational communication 33.9%, teamwork 56.4%, and all variables simultaneously 70.1% to employee performance.

The intersection of tradition and economy: Exploring the sacrificial practices in Zanzibar’s Blue Economy

Issa G. Ahmed — 2026-02-28

The blue economy is now emerging as the essential conceptual framework to know how communities living on the coasts cope with sustainability and identify issues and build marine-based livelihoods. This paper aims to discuss the intersection between tradition and economy by investigating the issues of sacrifice in the Zanzibar fishing industry. That of the research, which relies on the accounts of fishermen and field observations in addition to questionnaire (n=22) results, concludes that whereas some individuals consider ritual sacrifices to be symbolic to more ceremonial rituals required to reach prosperous catches and economic prosperity, other people perceive it to be expensive or even destructive. These practices show how the cultural rituals and belief systems inform the way resources are utilized, how they make their revenue, and the way communities are built. They also highlight the relevant concerns of the correlation between traditional worldviews and the existing policies that facilitate the development of the blue economy. By placing sacrificial activity in the larger context of the fisheries livelihoods and cultural sustainability debate, this article highlights the need to incorporate socio-cultural considerations into strategies to support inclusive and resilient blue economies particularly where local systems of belief continue to have an impact.

The influence of Environmental, Social, Governance (ESG) and leverage on the cost of capital (empirical study on mining companies listed on the Indonesia Stock Exchange for the 2022-2024 period)

Nia Yulianty — 2026-02-28

The primary objective of this investigation centers on evaluating the impact exerted by Environmental, Social, and Governance (ESG) factors together with leverage upon capital costs among mining corporations listed on the Indonesia Stock Exchange spanning the 2022–2024 interval. A quantitative methodology was employed, drawing upon secondary datasets sourced from audited annual reports, dedicated sustainability disclosures, and publicly available financial documentation. Through purposive sampling criteria, a cohort of 14 mining entities was delineated, yielding 42 firm-year observations for empirical scrutiny. ESG efficacy was quantified via a composite index aligned with Global Reporting Initiative (GRI) Disclosure Standards 2021, leverage was operationalized through the Debt-to-Equity Ratio (DER), and capital costs were proxied by the Weighted Average Cost of Capital (WACC). Rigorous preprocessing incorporated classical assumption validations, culminating in multiple linear regression analysis facilitated by IBM SPSS Statistics version 25. Empirical outcomes revealed that ESG disclosures manifest no discernible influence on capital costs, standing in stark juxtaposition to leverage, which demonstrated a negative and statistically robust association therewith. Collectively, ESG alongside leverage were found to significantly shape financing expenses, underscoring a synergistic explanatory mechanism. These results illuminate the preeminence of strategic debt management over sustainability signaling in modulating capital costs within Indonesia's mining landscape during the study window a nuance attributable to sectoral capital intensity and nascent ESG differentiation. By furnishing substantive evidence on the interplay of financial engineering and non-financial governance metrics, this inquiry enriches theoretical discourse on cost determinants within emerging market contexts, offering actionable insights for corporate treasurers navigating volatility-prone resource sectors.

A study on job perception of teachers working in State Agricultural Universities in Karnataka State of India

Abdul Sattar Fazely — 2026-02-28

This study was carried in Three agricultural universities of India to analyze the job perception of teachers and to understand the association between the selected profile characteristics of teachers with their job perception. A total of 180 teachers from University of Agricultural Sciences, Bangalore (90 Nos) and University of Agricultural Sciences, Dharwad (90 Nos) formed the sample of the research study. The results revealed that a majority of UAS (B) teachers (70.00 %) and UAS (D) teachers (68.89 %) were belonging to medium to high level of job perception categories. More number of Professors (40.01%) and Associate Professors (40.00%) were belonging to high level of job perception, while an equal number of Assistant Professors were belonging to low (33.33%), medium (33.33%) and high (33.34%) level of job perception. There was significant difference in the mean job perception score between Professor and Assistant Professor at 5% level. Education, mass media participation, training undergone, achievement motivation, aspiration, competition orientation, scientific orientation, attitude towards organization and awards/recognition received had significant association with the job perception of teachers at 5% level. Whereas, job experience, perceived work load and organizational climate of the teachers had significant association at 1% level with their job perception.