The Management Journal of Binaniaga

The Impact of Cooperative Insurance on Farmers’ Productivity in Ekiti State, Nigeria

Ibidolapo Ezekiel Ajayi — 2025-12-29

The study examined how cooperative insurance affects farmers' productivity in Ekiti State, Nigeria, from 1981 to 2021. Using the ARDL model. The study examined the effects of cooperative insurance claims and reserves on Ekiti State farmers' production, as well as the link between the two. Researchers evaluated agricultural cooperative insurance claims (ACIC) and reserves (ACIR) as possible predictors of farmers' output (FQ), a measure of productivity. In the near term, agricultural cooperative insurance claims greatly benefit farmers' productivity in Ekiti State, Nigeria. The agricultural cooperative insurance reserve instantly and positively impacts farmers' productivity in Ekiti State, Nigeria. The causation analysis shows a strong link between farmers' production and cooperative insurance. The data show a one-way link between farmer productivity (FQ) and agricultural cooperative insurance claims (LNACIC). In Ekiti State, Nigeria, cooperative insurance indices positively affect farmers' production, although agricultural cooperative insurance reserves (LNACIR) and farmer productivity (LNFQ) are not causally linked. The flow begins with farmers' productivity (LNFQ) and ends with agricultural cooperative insurance claims (LNACIR), although there's no recognized causal link. The federal government should prioritize financing and resources for cooperative organizations in Ekiti State Nigeria.

Organizational Culture and Transformational Leadership: Impacts on Decision-Making and Civil Servant Performance

Ranti Yuniarti Darussalam — 2025-12-29

This study aims to examine the influence of organizational culture and transformational leadership on employee performance, with decision-making serving as a mediating variable. A positivist, quantitative approach was employed using a causal survey method. The research was conducted among 135 civil servants at the Regional Secretariat of Bogor City, utilizing a census sampling technique. Data were collected through a structured Likert-scale questionnaire and analyzed using path analysis. The results indicate that both organizational culture and transformational leadership have significant direct and indirect effects on decision-making and performance. A collaborative and open organizational culture fosters effective decision-making processes, which in turn enhances employee performance. Transformational leadership characterized by charisma, inspirational motivation, intellectual stimulation, and individualized consideration—plays a crucial role in creating an environment that supports strategic and participatory decision-making. These findings highlight decision-making as a key mediating factor linking organizational culture and transformational leadership to improved civil servant performance. The practical implications underscore the importance of developing visionary leadership and cultivating an inclusive organizational culture to optimize public sector performance.

Factors Affecting Firm Value in the Building Construction Sub-Sector Listed on the Indonesia Stock Exchange

Fajar Bayu Prasetyo — 2025-12-29

This study aims to determine the effect of liquidity, solvency, activity, and profitability on firm value. The research design is causal. The population in this study comprises companies in the building construction sub-sector listed on the Indonesia Stock Exchange during 2019–2023. The sample was selected using non-probability sampling with purposive sampling method, resulting in 8 companies. The data analysis method used in this study is panel data regression analysis with the help of E-Views 13 to determine the significance level between the dependent and independent variables. The results of this study indicate that liquidity has no effect on firm value, solvency has a positive effect on firm value, activity has no effect on firm value, and profitability has a positive effect on firm value.

Comparative Analysis of Altman Z-Score, Springate, and Zmijewski Models in Predicting Financial Distress of Retail Sub-Sector Companies Listed on the Indonesia Stock Exchange

Rizal Sigit Saputro — 2025-12-29

This study aims to compare the accuracy of three financial distress prediction models, namely the Altman Z-Score, Springate, and Zmijewski models, applied to retail subsector companies listed on the Indonesia Stock Exchange for the 2019–2023 period. The sample was selected using a purposive sampling method, and analysis was conducted by calculating financial ratios based on each model’s formula, followed by an accuracy test. The results show that the Altman model achieved an accuracy of 36.67%, Springate 56.67%, and Zmijewski 63.33%. Thus, the Zmijewski model is considered the most accurate in predicting potential bankruptcy in retail companies over the past five years.

The Role of Corporate Ownership in Moderating the Effect of Aggressive Tax Management on Firm Value

Mukhamad Romdoni — 2025-12-29

This study aims to obtain empirical evidence and analyze the effect of aggressive tax management practices on firm value. In addition, this study examines and analyzes the moderating role of state ownership in the relationship between aggressive tax management practices and firm value. The population of this study consists of LQ45 companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2023. The sampling technique employed was purposive sampling. This study adopts a quantitative approach using secondary data. The analytical methods applied include descriptive and inferential analysis through panel data regression and Moderated Regression Analysis (MRA) using EViews 12 software. The results indicate that aggressive tax management has a negative effect on firm value. However, this study does not find empirical evidence supporting the moderating role of state ownership in the relationship between aggressive tax management and firm value. The originality of this study lies in the use of state ownership as a moderating variable to examine its role in strengthening or weakening the effect of aggressive tax management on firm value

Marketing Strategy Using IFAS and EFAS Approaches for Coffee Shop

Lady Diana Warpindyastuti — 2025-12-29

"The objective of this study is to identify the strengths, weaknesses, opportunities, and threats present at the Kylau Common Space coffee shop in Depok, as well as the marketing strategies that can currently be implemented. Given the fierce competition in the F&B industry, an appropriate marketing strategy is required to tackle market challenges. This study utilizes the SWOT method with IFAS and EFAS approaches to determine the optimal marketing strategy solution. The sampling method employed is purposive sampling, which assists the researcher in constructing the SWOT matrix. The research findings indicate that the Kylau Common Space coffee shop employs the SO strategy, which leverages the shop's internal strengths and existing opportunities."

Optimizing the Shopee Ads Paid Advertising Strategy at Star Seller

Bahtyar Hardyansyah Syihab — 2025-12-29

This study analyzes the strategy of Star Sellers in optimizing Shopee Ads and identifying challenges and solutions. Shopee Ads was chosen because it effectively increases product visibility, although there is a risk of loss if the cost of advertising exceeds profits. The research approach uses a qualitative case study method of ten sellers who have been using Shopee Ads for at least six months. Data was obtained through interviews, online store observations, and ad performance documentation, then analyzed with the Miles and Huberman model using the help of NVivo 12. The results show that advertising strategies are influenced by the selection of relevant keywords, the combination of advertising with promotion, and the determination of target audiences. The main challenge is the risk of loss due to weak ad evaluation. Research concludes that the success of Shopee Ads is determined by adaptive strategies, proper targeting, creativity, and regular evaluation.