Management and Sustainable Development Journal https://journal.shantibhuana.ac.id/index.php/msd <p><strong>Management and Sustainable Development Journal (MSDJ), </strong>registered as<strong> ISSN : 2684-6802 (Print) </strong>and<strong> ISSN : 2657-2036 (Online), </strong>is a peer-reviewed journal published twice a year (April and November) by the Management Departement Program of the <strong>Institut Shanti Bhuana (ISB)</strong>. The purpose of the MSDJ is to publish an article in the journal focusing on research findings in economics, management, accounting, entrepreneurship and Information Technology System.</p> <p>MSDJ invites texts on a range of issues, including <strong>Economics</strong>, such as: Monetary Economics, Public Economics, Environmental Economics, Digital Economy, International Economy, Inclusive Economy, Green Economy, Local Economic Growth and Sustainable Development Economics. <strong>Management</strong> aspects such as marketing management, finance management, strategic management, corporate management, human resource management, e-business, knowledge management, management accounting, management control systems, management information systems, multinational business, business economics, business ethics and sustainability. Common areas in research <strong>Accounting, Entrepreneurship, </strong>and <strong>Information Technology Systems</strong>. All diverse areas of research are required to be collaboratively integrated and synergistic in leading to the advancement of sustainable development in the theoretical/scientific and practical fields.</p> Department of Management - Institut Shanti Bhuana en-US Management and Sustainable Development Journal 2684-6802 <p>Copyright @2021. This is an open-access article distributed under the terms of the Creative Commons Attribution 4.0 International License which permits unrestricted use, distribution, and reproduction in any medium. Copyrights of all materials published in MSDJ are freely available without charge to users or / institutions. Users are allowed to read, download, copy, distribute, search, or link to full-text articles in this journal without asking by giving appropriate credit, provide a link to the license, and indicate if changes were made. All of the remixes, transform, or build upon the material must distribute the contributions under the same license as the original.&nbsp;</p> PENGARUH KOMPENSASI DAN PENGEMBANGAN KARIR TERHADAP TURNOVER INTENTION MELALUI KOMITMEN ORGANISASI PADA PT SURYA MADISTRINDO SURABAYA https://journal.shantibhuana.ac.id/index.php/msd/article/view/713 <p><em>This study aims to analyze the influence of compensation and career development on turnover intention. It analyzes the impact of compensation and career development on turnover intention through organizational commitment at PT Surya Madistrindo. This study uses a quantitative approach. The research design falls under the category of causal research. The population for this study consists of 115 employees at PT Surya Madistrindo. The sampling method used in this study is saturated sampling, resulting in a sample size of 100% of the population, which is 115 respondents. Based on the analysis using Partial Least Square (PLS), the results show that compensation and organizational commitment have a significant negative effect on turnover intention. However, career development does not have a significant effect on turnover intention at PT Surya Madistrindo. Compensation and career development have a positive and significant effect on organizational commitment at PT Surya Madistrindo. Indirectly, organizational commitment is found to mediate the relationship between compensation and turnover intention, but it has not been able to mediate the effect of career development on turnover intention at PT Surya Madistrindo.</em></p> Bethsheba Adelia Hastanti Heru Kristanto Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 1 21 10.46229/msdj.v5i2.713 CUSTOMER-ORIENTED STUDY OF THE DECISION TO OBTAIN MOTORCYCLE LOANS THROUGH SERVICE INNOVATION AND WEB DESIGN QUALITY IN THE FIFGROUP PONTIANAK https://journal.shantibhuana.ac.id/index.php/msd/article/view/716 <p><strong><em>&nbsp;&nbsp; </em></strong><em>The goal of the study is to provide a robust framework for understanding how web design quality and the </em><em>credit applications of motorcycle</em><em> at FIFGROUP Cabang Pontianak relate to one another. The results of this study were derived from</em><em> sample </em><em>responses regarding the reason for extending credit for a second vehicle. For the purposes of this study, a quantitative study was conducted with 154 responses from members of the FIFGROUP Cabang Pontianak as the sample. Purposive sampling and data collection by keystroke logging are the two methods used for sample preparation. The patient is using the version 24 of the computer program Analysis of Moment Structure (AMOS). The results of the SEM (Structural Equation Modelling) study point to the importance of improving customer orientation toward credit applications through innovative service offerings, but not at the expense of web design quality. Results from the uji regression weight are supported by the assertion that </em><em>orientation.</em></p> Nerika Novi Lauw Sun Hiong Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 22 35 10.46229/msdj.v5i2.716 THE INFLUENCE OF BRAND AMBASSADORS, BRAND IMAGE, PRODUCT QUALITY, AND PRICE PERCEPTIONS ON PURCHASING DECISIONS FOR MADAME GIE COSMETIC PRODUCTS ON STUDENTS AT DUTA WACANA CHRISTIAN UNIVERSITY https://journal.shantibhuana.ac.id/index.php/msd/article/view/798 <p>The purpose of this research: (1) Determine whether brand ambassadors influence the decision to purchase Madame Gie cosmetic products among Duta Wacana Christian University students, (2) find out whether brand image influences the decision to purchase Madame Gie cosmetic products among Duta Wacana Christian University students, ( 3) find out whether product quality influences the decision to purchase Madame Gie cosmetic products among Duta Wacana Christian University students, (4) find out whether price perceptions influence the decision to purchase Madame Gie cosmetic products among Duta Wacana Christian University students. This study uses a quantitative approach. This study makes use of both primary and secondary data. A purposive sampling method was employed to distribute questionnaires to 150 Kristen Duta Wacana University students who had purchased or used Madame Gie's cosmetic items as the study's sample. Multiple linear analysis, R2 test, F test, and t-test are all used in the study methodology. The findings show that the variables brand ambassador, product quality, and price perceptions significantly influence buying behaviour, while the variable brand image has no significant impact.</p> <p><strong>Keywords</strong>: brand ambassador, brand image, product quality, price perception, purchase decision.</p> Isabella Elsa Ratnasari Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 36 46 10.46229/msdj.v5i2.798 EVALUASI PORTOFOLIO ESG DENGAN CAPM LIMA FAKTOR : STUDI KASUS DI INDONESIA https://journal.shantibhuana.ac.id/index.php/msd/article/view/789 <p><em>ESG investing is an umbrella term that covers any investment strategy that emphasizes the corporate governance structure, environmental and social impacts of the company's products or practices. ESG assessments and reporting have the potential to unlock vast amounts of information about a company's long-term management and resilience, and can represent an important market-based mechanism to help investors align portfolios. This study aims to examine and analyze the performance of the ESG portfolio in Indonesia. The main contribution is to provide empirical evidence about portfolio selection based on ESG scores and associated with investment risk factors based on the CAPM five-factor model from Fama &amp; French (2015) in Indonesia. The sample used is all registered financial or non-financial industries in Indonesia that have an ESG score for the 2018-2022 observation period. The research results show that the pre-covid period 2018-2019 and the 2020-2021 covid period portfolio investments with high ESG scores did not outperform portfolios with low ESG scores, but during the post-covid period in 2022 even portfolio investments with high ESG scores had abnormal returns, when evaluated using the CAPM</em> <em>five</em><em>-factor </em><em>and one-factor</em> <em>models.</em></p> Hendy Winanta Erni Ekawati Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 47 58 10.46229/msdj.v5i2.789 FINANCIAL PERFORMANCE OF HEALTHCARE SECTOR COMPANIES PRIOR AND DURING THE COVID-19 PANDEMIC https://journal.shantibhuana.ac.id/index.php/msd/article/view/760 <p>Every business must assess its performance over a time period to determine where it stands in relation to other businesses. Some businesses’ performance has decreased since the Covid-19 epidemic, while other businesses’ performance has improved. The purpose of this study is to evaluate the healthcare industry’s financial performance before and during the Covid-19 epidemic. Purposive sampling was used to choose 10 healthcare related firms from the Indonesia Stock Exchange for the 2018-2021 period. Data analysis utilizing the paired sample t test and Wilcoxon Signed Rank, respectively, depending on whether the data are normally distributed or not. The results showed that there were differences in performance in liquidity, solvency, and profitability ratio, especially the average liquidity ratio (Current Ratio) decreased from 3.378 to 2.952, the average solvency ratio (Debt to Asset Ratio) increased from 0.281 to 0.329, and the average profitability ratio (Return on Assets) increased from 0.073 to 0.095 between before and during the Covid-19 pandemic. Meanwhile the activity ratio (Total Asset Turnover) shows no difference in performance before and during the Covid-19 pandemic</p> Ima Kristina Yulita Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 59 71 10.46229/msdj.v5i2.760 THE INFLUENCE OF ELECTRONIC WORD OF MOUTH, BRAND EXPERIENCE AND BRAND IMAGE ON GOPAY BRAND TRUST (STUDY OF STUDENTS AT DUTA WACANA CHRISTIAN UNIVERSITY) https://journal.shantibhuana.ac.id/index.php/msd/article/view/802 <p>The research was conducted to determine whether electronic word of mouth, brand experience, and brand image significantly affect Gopay's brand trust (Study of Duta Wacana Christian Students). The research is a quantitative research using primary data and secondary data. A purposive sampling was used to distribute questionnaires to 150 Kristen Duta Wacana University students who used Gopay as research samples. Multiple Linear Analysis, R2 Test, F Value Test, and t Value Test are all used in the research methodology. The findings of this study show that electronic<em>&nbsp;word of mouth, brand experience,</em>&nbsp;and brand image significantly impact brand trust.</p> <p><strong>Keywords: </strong>Electronic Word of Mouth, Brand Experience, Brand Image, Brand Trust.</p> Fransiska Meilin Kapita Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 72 83 10.46229/msdj.v5i2.802 THE INFLUENCE OF PAD, PMDN AND EDUCATION BUDGET ON GRDP AND POVERTY LEVELS IN REGENCIES/CITIES IN WEST KALIMANTAN PROVINCE https://journal.shantibhuana.ac.id/index.php/msd/article/view/718 <h2>ABSTRACT</h2> <p><em>This study aims to examine and analyze the effect of Regional Original Income (ROI), Domestic Investment (DI) and Education Budget on Gross Regional Domestic Product (GRDP) and Poverty, both partially and simultaneously. The data used is secondary data in the form of combined panel data from 12 regencies/cities in West Kalimantan Province in 2015-2020 which originate from the Central Bureau of Statistics and Regional Education Balance. This data is analyzed using path analysis (path analysis). The results showed that ROI had a positive and significant effect on GRDP, DI had a positive and significant effect on GRDP, the education budget had a positive but not significant effect on GRDP. ROI and DI have a negative and insignificant effect on the poverty rate, while the education budget has a negative and significant effect on the poverty rate in districts/cities in West Kalimantan Province.</em></p> <p>&nbsp;</p> Aloisius Meiran Panggabean Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 84 93 10.46229/msdj.v5i2.718 DO VALUE STOCK OUTPERFORM GROWTH STOCK DURING COVID-19 PANDEMIC: EVIDENCE FROM THE INDONESIAN STOCK EXCHANGE https://journal.shantibhuana.ac.id/index.php/msd/article/view/804 <p><em>This research aims to study the return comparison between value and growth stocks listed in the Indonesia Stock Exchange during the COVID-19 pandemic. The portfolios were formed and separated between bigger and smaller capitalization. Data analysis techniques consist of descriptive statistics and hypothesis testing with t-test and Mann-Whitney test to compare the performance. The test’s result reveals no significant difference in portfolio performance between value and growth stocks. The value portfolios have superior performance over growth portfolios, measured by Treynor and Jensen ratios, while the actual return and Sharpe ratios show the contrary. Moreover, the result of this study discovers that only growth portfolios for large companies have positive returns, which indicates that most of the stocks in Indonesia’s capital market respond negatively to the information that existed during the COVID-19 pandemic.</em></p> Chici Askotamiya Katarina Agnes Copyright (c) 2023 Management and Sustainable Development Journal https://creativecommons.org/licenses/by/4.0 2023-11-30 2023-11-30 5 2 94 109 10.46229/msdj.v5i2.804