https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/issue/feed Magisma: Jurnal Ilmiah Ekonomi dan Bisnis 2025-07-28T14:40:17+07:00 P3M STIE Bank BPD Jateng p3mstiebpd@gmail.com Open Journal Systems <p><img src="/jurnal/public/site/images/stie/COVER_STIE_BPD_JATENG.png" width="473" height="671"></p> <p>MAGISMA:Jurnal Ilmiah Ekonomi dan Bisnis adalah Jurnal ilmiah yang dimaksudkan untuk mempublikasikan artikel yang berisi gagasan, laporan hasil penelitian, pembahasan teori dan konsep bidang Ekonomi dan Bisnis serta berbagai aspek sosial yang terkait erat dengan bidang ekonomi. Magisma: Jurnal Ilmiah Ekonomi dan Bisnis Terbit dua kali per tahun yaitu pada bulan Januari dan Juli. Magisma: Jurnal Ilmiah Ekonomi dan Bisnis pertama kali Terbit pada bulan Januari Volume 1 No. 1 tahun 2013 dengan Nomor ISSN Print 2337778X. Magisma: Jurnal Ilmiah Ekonomi dan Bisnis di terbitkan oleh Program Studi Magister Manajemen STIE Bank BPD Jateng</p> https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/539 The Double Barrier Of Age Requirements And High Qualifications In Entry-Level Employment Opportunities In Indonesia 2025-07-25T16:52:16+07:00 Fimelia Wikan Praudia praudiaf@student.unimelb.edu.au Lestari Ambarini kolestari@yahoo.co.id <p>Strict age limits and increased qualification requirements have currently dominated Indonesia’s entry-level&nbsp;job market. Although intended for new graduates, many positions demand 1–2 years of experience, technical&nbsp;skills, or formal internships—contradicting the essence of entry-level employment. This paper investigates how&nbsp;these practices create structural barriers to formal employment. Using existing literature and a survey on new&nbsp;graduates, we examine the impact of age and experience-based filters on applicant confidence, readiness, and&nbsp;job access. The finding reveals a mismatch between employer expectations and what new graduates can&nbsp;realistically offer, given Indonesia’s socioeconomic and educational conditions. To address this gap, the paper<br>proposes reforms from both employer and policymaker perspectives to support a more inclusive labour market.&nbsp;It highlights how current hiring practices contribute to the growing number of unemployed new graduates,&nbsp;adding to the discourse on youth unemployment and workforce equity.</p> 2025-07-14T14:57:24+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/540 Keputusan Investasi Dengan Metode Capital Asset Pricing Model (CAPM) Pada Perusahaan LQ45 Rentan Waktu 2020 - 2024 2025-07-14T15:09:29+07:00 Ida Wahyu Ningsih indahwahyuningsih@students.undip.ac.id Fajar Hanung Basworo hanungbasworo@students.undip.ac.id Indah Susilowati indahsusilowati@lecturer.undip.ac.id <p>This study explores how risk relates to return in the context of LQ45 index stocks for the period 2020–2024,&nbsp;using the Capital Asset Pricing Model (CAPM) as the main analytical tool. CAPM helps estimate a stock's&nbsp;expected return by factoring in its systematic risk, represented by beta. The research applies a quantitative&nbsp;descriptive approach, with 24 selected companies meeting specific criteria. The analysis confirms a clear&nbsp;positive relationship between beta and expected return—stocks with higher risk tend to offer higher potential&nbsp;returns. To provide deeper insight, the study also compares actual stock returns to their expected returns based&nbsp;on CAPM, allowing for classification into undervalued and overvalued categories. The findings indicate that&nbsp;six stocks are undervalued, offering potential opportunities for investors, while the remaining eighteen are&nbsp;overvalued. These results highlight how CAPM can be used not only to understand risk-return dynamics but&nbsp;also to support more informed and strategic investment decisions in the capital market.</p> <p>&nbsp;</p> 2025-07-14T15:09:29+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/542 Employee Work Motivation Influenced By Internal Communication, Evaluation And Rewards 2025-07-14T15:36:59+07:00 Ig. Henri Pelupessy henripessy@gmail.com Catur Prabowo cprabowo41@gmail.com Diva Riza Fahlefi diva@unwahas.ac.id Rudika Harminingtyas rudikaharminingtyas@gmail.com <p>Work motivation is the drive or enthusiasm that someone has to carry out tasks and responsibilities in the&nbsp;workplace. The purpose of this study was to determine and analyze the effect of internal communication,&nbsp;evaluation and reward on employee work motivation at PT. Grab Teknologi Indonesia in Semarang. The&nbsp;population in this study were 49 employees of PT. Grab Teknologi Indonesia in Semarang. The sampling&nbsp;technique used was saturated sampling and the sample was set to 49 respondents. The independent variables&nbsp;in this study were internal communication (X1), evaluation (X2) reward (X3) and the dependent variable was&nbsp;work motivation (Y). The data collection method in this study used a questionnaire with an analysis method&nbsp;using multiple linear regression, t-test and F-test and coefficient of determination. The results showed that the&nbsp;internal communication variable had a positive and significant effect on work motivation, then the evaluation&nbsp;variable had an insignificant effect on work motivation and the reward variable had a positive and significant&nbsp;effect on work motivation. The coefficient of determination (R Square) figure of 0.417, means that the internal&nbsp;communication, evaluation and reward variables have a role of 41.7% to explain the work motivation variable.&nbsp;Suggestions for improving internal communication in companies include developing more effective&nbsp;communication channels, such as digital platforms for feedback. This can strengthen relationships between&nbsp;employees and increase overall work motivation, then the evaluation process by emphasizing constructive&nbsp;feedback and personal development. Involve employees in setting evaluation goals and offer a variety of&nbsp;rewards, such as bonuses, awards, or self-development opportunities, so that employees can choose what is<br>most meaningful to them.</p> <p>&nbsp;</p> 2025-07-14T15:36:59+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/543 Peran Literasi Keuangan Sebagai Pemoderasi Persepsi Kemudahan dan Persepsi Risiko Terhadap Minat Penggunaan Aplikasi Pencatatan Laporan Keuangan Pada Sektor UMKM (Studi pada UMKM Konveksi di Kecamatan Comal) 2025-07-16T21:56:07+07:00 Aldilase Adib Faradiba aldilaseadib1509@gmail.com Fitri Lukiastuti fitri25luki@gmail.com Siti Puryandani sitipuryandani@gmail.com Yanti Pujiastuti yantipujiastuti@gmail.com <p>This study aims to determine the role of financial literacy as a moderator of perceived ease and perceived&nbsp;risk on the interest in using financial reporting applications in the MSME sector. This study uses a&nbsp;quantitative approach with data collection techniques through questionnaires and involves 80 respondents.&nbsp;The population in this study were MSME Convection Actors in Comal District. The analysis technique used&nbsp;in this study is SEM (Structural Equation Model) using Smart Partial Least Square (SmartPLS) 4.0 software.&nbsp;The results of this study indicate that perceived ease has a negative and insignificant effect on the interest in&nbsp;using financial reporting applications for MSME Convection in Comal District, and perceived risk has a&nbsp;positive and significant effect on the interest in using financial reporting applications for MSME Convection&nbsp;in Comal District. Meanwhile, the role of financial literacy cannot moderate the effect of perceived ease on&nbsp;the interest in using financial reporting applications for MSME Convection in Comal District, and financial<br>literacy can moderate the perception of risk on the interest in using financial reporting applications for&nbsp;MSME Convection in Comal District. </p> 2025-07-16T21:56:07+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/544 Dampak Penggunaan Metode Absolute, Metode Relative, Moving Average, Dan Relative Strength Index Dalam Pengambilan Keputusan Investasi 2025-07-16T22:02:31+07:00 Annisa Nurfitriana annisa.nurfitriana@ekuitas.ac.id <p>A dynamic economy contains risks from various aspects, especially in investment activities. Investors need to<br>know information that can be analyzed in decision-making. This study aims to provide an overview of the<br>absolute method, relative method, Moving Average and Relative Strength Index that can be used by investors<br>in assessing a stock before making investment decisions. The method used to solve these problems is to use<br>descriptive and exploratory approaches. The type of data used is secondary data with a data collection<br>technique, namely documentation. The research population was conducted on energy companies included in<br>the LQ45 index with a sampling technique, namely saturated sampling of 7 companies. The data analysis used<br>is descriptive statistics. The results of the study used an absolute method for issuers that are included in the<br>undervalued category, namely ADMR, ADRO, ITMG, PGAS and PTBA. Issuers that are included in the<br>overvalued category are AKRA and MEDC. The results of the study used the relavite method for issuers that<br>are included in the undervalued category, namely ADRO, MEDC, and PGAS. Issuers that are included in the<br>overvalued category are ADMR, AKRA, ITMG and PTBA. The results of the study using the Moving Average<br>and RSI indicators, the average of energy companies are in the area below the MA line, this is in line with the<br>indications shown by the RSI as a signal that can be used for investment decisions.</p> <p>&nbsp;</p> 2025-07-16T22:02:31+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/545 The Mediating Role Of Investment Motivation In The Relationship Between Risk Perception And Financial Literacy On Investment Decisions Of Paylater Users 2025-07-16T22:27:30+07:00 Eka Yuliyanti ekayuliyanti@stietotalwin.ac.id Anis Turmudhi ekayuliyanti@stietotalwin.ac.id Andi Kartika ekayuliyanti@stietotalwin.ac.id Rahmania Mustahidda ekayuliyanti@stietotalwin.ac.id Zati Rizka Fadhila ekayuliyanti@stietotalwin.ac.id <p>This study examines the mediating role of investment motivation in the relationship between risk perception,&nbsp;financial literacy, and investment decisions among PayLater users in Indonesia. Utilizing a quantitative&nbsp;explanatory approach, data were collected from 200 respondents aged 18–45 who had used PayLater services&nbsp;for more than six months. Structural Equation Modeling with Partial Least Squares (SEM-PLS) was employed&nbsp;to analyze both direct and indirect effects between constructs. The findings reveal that risk perception and&nbsp;financial literacy positively influence investment motivation. Investment motivation, in turn, has a significant&nbsp;positive effect on investment decisions and serves as a strong mediator between risk perception, financial&nbsp;literacy, and investment decisions. Although financial literacy only marginally affects investment decisions&nbsp;directly, its indirect effect through motivation is significant. The results emphasize the importance of enhancing&nbsp;both financial literacy and investment motivation to improve the quality of investment decisions in the context&nbsp;of digital financial services like PayLater.</p> 2025-07-16T22:27:30+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/546 Pengaruh Profitabilitas, Likuiditas, Struktur Modal,Dan Financial Distress Terhadap Nilai Perusahaan Sebelum Dan Selama Pandemi Covid-19 (Studi Empiris pada Perusahaan Sub Sektor Restoran, Hotel, dan Pariwisata yang terdaftar di BEI Tahun 2018-2021) 2025-07-16T23:11:06+07:00 Kartika Candra Dewi mekavesta.univbpd@gmail.com Mekani Vestari mekavesta.univbpd@gmail.com <p>The purpose of this study is to determine the effect of Profitability, Liquidity, Capital Structure, and Financial<br>Distress on Firm Value before and during the Covid-19 pandemic and to determine the difference in<br>Profitability, Liquidity, Capital Structure, and Financial Distress on Firm Value before and during the Covid19<br>pandemic<br>on<br>restaurant,<br>hotel,<br>and<br>tourism<br>sub-sector<br>companies<br>listed<br>on<br>the<br>Indonesia<br>Stock<br>Exchange<br>in</p> <p>2018-2021.<br>The<br>data<br>used<br>in<br>this<br>study<br>is<br>secondary<br>data<br>obtained<br>from<br>the<br>financial<br>statements<br>of<br>restaurant,</p> <p>hotel,<br>and<br>tourism<br>sub-sector<br>companies<br>listed<br>on<br>the<br>Indonesia<br>Stock<br>Exchange<br>for<br>2018-2021.<br>The<br>analysis</p> <p>method<br>used<br>is<br>multiple<br>linear<br>regression.<br>The<br>results<br>of<br>this<br>study<br>show<br>that<br>Profitability<br>before<br>the<br>Covid-19</p> <p>pandemic<br>had<br>a<br>negative<br>insignificant<br>effect<br>on<br>firm<br>value,<br>while<br>Profitability<br>during<br>the<br>Covid-19<br>pandemic</p> <p>had</p> <p>a positive insignificant effect on firm value. Liquidity before the Covid-19 pandemic had a negative<br>insignificant effect on firm value, while Liquidity during the Covid-19 pandemic had positive insignificant effect<br>on firm value. Capital Structure before the Covid-19 pandemic had a significant positive effect on firm value,<br>while Capital Structure during the Covid-19 pandemic had a significant positive effect on firm value. Financial<br>Distress before the Covid-19 pandemic had a significant positive effect on firm value, while Financial Distress<br>during the Covid-19 pandemic had a significant negative effect on firm value. There is no significant difference<br>between firm value before and during the Covid-19 pandemic.</p> 2025-07-16T23:11:06+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/547 Pengaruh Gambler’s Fallacy, Halo Effect, Familiarity Effect Terhadap Pengambilan Keputusan Investasi Pada Investor Milenial Di Kota Semarang 2025-07-16T23:19:41+07:00 M Balan Nabyan mmyus.univbpd@gmail.com Muhammad Yusuf mmyus.univbpd@gmail.com <p>In the current era, technology is increasingly developing in providing facilities especially in public services. With<br>the advancement of technology, the stock exchange is developing in the younger generation, especially in Central<br>Java. In the last 5 years the Central of Java has increased every year, especially in the city of Semarang which<br>has the highest increase in young investors from Central Java. This study aims to determine the effect of gambler’s<br>fallacy, halo effect, familiarity effect on investment decision making on millennial investors. The population in this<br>study were all young investors in the city of Semarang. The sample is determined using the purposive sampling<br>method and the number of samples chosen is 100 samples. The analytical tool in this study is multiple linear<br>regression. The results show that gambler’s fallacy, halo effect, familiarity effect influences significant effect on<br>investment decision making. Behavioral gambler’s fallacy, and familiarity effect bias are potentially grater than<br>that in halo effect. The contribution of this study provides empirical evidence that the behavior of bias gambler’s<br>fallacy, halo effect, familiarity effect affects investment decision making for millennial investors.</p> 2025-07-16T23:19:41+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/548 Persepsi Karyawan Terhadap Penggunaan Artificial Intelligence Pada Instansi Di Kota Semarang 2025-07-16T23:28:06+07:00 Nabila Qomara Putri Nindyasari nabilaqomara63@gmail.com Rudi Suryo Kristanto rudisuryok@gmail.com <p>The Fourth Industrial Revolution (4IR) is the fourth industrial era since the first industrial revolution in the&nbsp;18th century. This era is characterized by the emergence of various cutting-edge technologies, including&nbsp;artificial intelligence. There have been changes in human resource management (HRM) in recent years in line&nbsp;with changes in the business world, supported by technological advancements. This research successfully&nbsp;gathered 108 employees who use artificial intelligence working in state-owned or private offices in Semarang&nbsp;City to be used as samples in various analysis tests such as feasibility tests, classical assumption tests, and&nbsp;simple hypothesis analysis tests. The research method is quantitative, using purposive sampling and snowball&nbsp;sampling techniques, conducted by distributing questionnaires, and the results were then processed using&nbsp;SPSS version 26. The results of the study indicate that the artificial intelligence variable has a significant&nbsp;positive influence on employee engagement and artificial intelligence has a significant positive influence on<br>employee retention. </p> 2025-07-16T23:28:06+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/561 Praktik Pemasaran Pada Perusahaan Farmasi Multinasional Di Indonesia Dalam Bingkai Virtue Ethics Mendorong Terciptanya Keunggulan Kompetitif 2025-07-25T16:43:06+07:00 Sari Wijayanti sari.wijayanti@umk.ac.id Triana Hasty Kusuma triana.hasty@umk.ac.id Stevi Jimry Poluan stevi.jimry@umk.ac.id Rizka Fatkhin Nisa izka.fatkhin@umk.ac.id Yanuar Surya Putra yanuar_suryaputra@stieama.ac.id <p>The marketing strategies employed by multinational pharmaceutical corporations in Indonesia are closely&nbsp;related to the ethical dimensions and their capacity to enhance competitiveness within the marketplace. The&nbsp;objective of this research is to formulate a mini-theory concerning the development of propositions derived&nbsp;from emerging theoretical frameworks. The methodology adopted in this investigation was a qualitative&nbsp;approach, utilizing secondary data sourced from way back machine, corporate search engines and online&nbsp;resources. The focal subjects of this inquiry comprise three multinational pharmaceutical entities operating&nbsp;in Indonesia, specifically Eisai Indonesia and Roche Indonesia. The findings of this study culminate in the assertion that marketing practices at multinational pharmaceutical firms, bolstered by ethical&nbsp;considerations, significantly impact competitive advantage.</p> 2025-07-25T14:06:21+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/562 Pengaruh Penetapan Harga, Brand Image, Kualitas Pelayanan, Dan Promosi Terhadap Keputusan Pembelian Pengguna Jasa Ekspedisi JNE Cabang Bantul 2025-07-25T14:19:00+07:00 Abdul Rokhim abdul.rokhim@ustjogja.ac.id Misbach Fuady misbach@ustjogja.ac.id <p>This study aims to analyze the influence of pricing, Brand Image, service quality, and promotion on consumer&nbsp;purchasing decisions at JNE Bantul Branch Courier Services. The population of this study was consumers of&nbsp;JNE Bantul Branch, with sampling using the non-probability sampling method, precisely the accidental&nbsp;sampling technique. Data analysis was carried out using multiple linear regression. The results of the study&nbsp;showed that the variables of Pricing, Service Quality, and Promotion did not affect Purchasing Decisions.&nbsp;While Brand Image has a positive effect on purchasing decisions. The value of Adjusted R<br> is 0.288, indicating&nbsp;that 28.8% of purchasing decisions can be explained by the independent variable Brand Image. While the&nbsp;remaining 71.2% is explained by other causes that are not examined in this study and are not the variables of&nbsp;Pricing, Service Quality, and Promotion. Which means that these three variables are not important&nbsp;concerns/considerations for customers.</p> 2025-07-25T14:19:00+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/563 Pengaruh Kinerja Perusahaan Terhadap Nilai Perusahaan Dengan Kebijakan Deviden Sebagai Variabel Intervening Perusahaan Manufaktur (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di Bei) 2025-07-25T14:45:12+07:00 Yusfrina Apri Puspita Sari yusfrina@gmail.com Kartika Hendra Titisari kartikatitisari@gmail.com Supawi Pawenang pawipawenang@gmail.com <p>This study aims to evaluate the extent to which corporate performance influences firm value, with dividend&nbsp;policy serving as an intervening variable. The research focuses on manufacturing companies listed on the&nbsp;Indonesia Stock Exchange (IDX) during the 2019–2023 period. Corporate performance is assessed using three&nbsp;main indicators: liquidity (measured by the current ratio), profitability (measured by return on assets), and&nbsp;leverage (measured by the debt to equity ratio). Firm value is proxied by Price to Book Value (PBV), while&nbsp;dividend policy is measured by the Dividend Payout Ratio (DPR). A quantitative approach is employed,&nbsp;utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM) for data analysis. The results&nbsp;indicate that liquidity, profitability, and leverage do not have a direct significant effect on firm value. However,&nbsp;both profitability and leverage significantly influence dividend policy. Despite this, dividend policy does not&nbsp;mediate the relationship between corporate performance and firm value. These findings suggest that, in the&nbsp;context of Indonesian manufacturing firms, traditional financial indicators are not sufficient to reflect market&nbsp;value. Investors tend to give greater consideration to other factors such as long-term business strategies,&nbsp;corporate governance quality, and growth prospects. This research contributes to the theoretical development&nbsp;of financial management literature and provides practical insights for company management and&nbsp;policymakers in designing sustainable financial strategies. </p> 2025-07-25T14:45:10+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/573 The Implementation Of Zakat Utilization Model Canvas (ZUMC) As A Fundraising Strategy In Amil Zakat Institutions In Southeast Sulawesi 2025-07-28T14:22:26+07:00 Miftahur Rahman Hakim miftahurrh@iainkendari.ac.id Istiqomah Shariati Zamani zamani@untad.ac.id Rawdatul Amanah miftahurrh@iainkendari.ac.id Isya Zulhaja miftahurrh@iainkendari.ac.id Azwah Tri Lestari miftahurrh@iainkendari.ac.id <p>This research seeks to explore the fundraising strategies employed by Amil Zakat Institutions (LAZ) in&nbsp;Southeast Sulawesi through the application of the Business Model Canvas approach, which has been&nbsp;adapted using the Social Enterprise Model Canvas framework—collectively referred to as the Zakat<br>Utilization Model Canvas (ZUMC). The study focuses on two institutions: Baitul Maal Hidayatullah (BMH)&nbsp;and Wahdah Inspirasi Zakat (WIZ). A descriptive qualitative method was adopted, utilizing data collection&nbsp;techniques including observation, interviews, and documentation. The findings reveal that strategic<br>partnerships with government bodies such as Baznas and the Ministry of Religious Affairs, as well as private&nbsp;entities like PLN and Telkomsel, play a crucial role in enhancing zakat fundraising effectiveness. Moreover,&nbsp;diversification of funding sources and the integration of digital technology have proven to expand outreach&nbsp;and strengthen the transparency of zakat distribution. The implications of this study highlight the need for&nbsp;stronger collaboration among government, private, and community sectors in managing zakat to ensure&nbsp;more effective and efficient distribution. In addition, the use of digital tools in zakat fundraising contributes&nbsp;significantly to wider access and increased transparency, which in turn fosters greater public trust and&nbsp;engagement.. </p> 2025-07-28T14:22:26+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/574 The Impact Of Digital Service And Innovative Work Behavior On Employee Performance : The Mediating Role Of Job Satisfaction 2025-07-28T14:33:39+07:00 Harsaningsih Harsaningsih harsaningsihnadyra@gmail.com Indah Sulistyowati harsaningsihnadyra@gmail.com Yuli Isnaeni harsaningsihnadyra@gmail.com Agus Sukandar harsaningsihnadyra@gmail.com Ali Mursid ali.mursyid14@gmail.com <p>This study investigates "The Impact of Digital Service and Innovative Work Behavior on Employee&nbsp;Performance: The Mediating Role of Job Satisfaction." It aims to explore how Digital Service and Innovative&nbsp;Work Behavior influence Employee Performance, with Job Satisfaction acting as a mediating variable. The<br>research proposes five hypotheses: H1 posits that Digital Service positively affects Job Satisfaction; H2&nbsp;suggests that Digital Service enhances Employee Performance; H3 indicates that Innovative Work Behavior&nbsp;positively influences Job Satisfaction; H4 asserts that Innovative Work Behavior improves Employee<br>Performance; and H5 evaluates the mediating effect of Job Satisfaction on the relationships between Digital&nbsp;Service, Innovative Work Behavior, and Employee Performance. Using a questionnaire distributed to 200&nbsp;respondents, this study seeks to provide valuable insights into the interconnectedness of these factors and their&nbsp;collective impact on enhancing employee performance.</p> <p>&nbsp;</p> 2025-07-28T14:33:38+07:00 ##submission.copyrightStatement## https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/magisma/article/view/575 Pengaruh Penetapan Harga Transfer, Kepemilikan Keluarga, Dan Pertumbuhan Penjualan Terhadap Penghindaran Pajak 2025-07-28T14:40:17+07:00 Erin Rista Gina erinrstgn16@gmail.com Nugroho Heri Pramono nhpramono91@gmail.com <p>This study aims to gather empirical evidence on the impact of transfer pricing, family ownership, and sales&nbsp;growth on tax avoidance in energy sector companies listed on the Indonesia Stock Exchange (IDX) from&nbsp;2019 to 2023. This study uses a quantitative approach with secondary data obtained from the companies'&nbsp;annual financial reports. The population consisted of 83 companies, and the sample selection was carried&nbsp;out using a purposive sampling technique based on certain criteria, resulting in 10 companies as samples&nbsp;observed for five years, with a total of 50 observations. Data analysis was performed using panel data&nbsp;regression, and the model test results indicated that the fixed effect model was the best model. Data&nbsp;processing was carried out using EViews version 13 and Microsoft Excel. The results show that&nbsp;simultaneously, transfer pricing, family ownership, and sales growth influence tax avoidance. Partially,&nbsp;transfer pricing and sales growth have a significant effect, while family ownership does not show a&nbsp;significant effect. These findings indicate that some companies utilize certain strategies to reduce tax&nbsp;burdens, so it is hoped that they can be considered by regulators in designing more targeted tax policies. </p> 2025-07-28T14:40:17+07:00 ##submission.copyrightStatement##