Indonesian Journal of Law and Economics Review <p>Indonesian Journal of Law and Economics Review (IJLER) is published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.This journal aims is to provide a place for academics and practitioners to publish original research and review articles. The articles basically contains any topics concerning Law and Economics. IJLER is available in online version. Language used in this journal is Indonesia or English.</p> Universitas Muhammadiyah Sidoarjo en-US Indonesian Journal of Law and Economics Review 2598-9928 Influencing Factors on Housing Purchase Decisions: Promotion, Product Quality, and Price <p>This quantitative research investigates the impact of promotion, product quality, and price on housing purchase decisions. Employing a non-probability simple sampling method, 80 respondents from a consumer base were surveyed, and data were analyzed using multiple linear regression analysis, classical assumption tests, t-tests, F-tests, multiple correlation coefficients, and R2 calculations in SPSS version 25.0. The findings demonstrate that promotion, product quality, and price individually influence purchasing decisions. Moreover, when considered collectively, these factors significantly affect housing purchase decisions. This study provides valuable insights for marketers and practitioners seeking to optimize their strategies in the housing industry.</p> <p><strong>Highlights:</strong></p> <ul> <li>Multiple Linear Regression: Employed statistical analysis to quantify the influence of promotion, product quality, and price on housing purchase decisions.</li> <li>Individual and Collective Impact: Revealed the separate effects of each factor and their combined significance in shaping consumer choices.</li> <li>Marketing Strategy Insights: Offers actionable insights for housing industry practitioners to enhance their marketing strategies based on empirical evidence.</li> </ul> <p><strong>Keywords: </strong>Housing Purchase, Promotion, Product Quality, Price, Consumer Decision</p> Isma Dwi Yanti Mudji Astuti Copyright (c) 2023 Isma Dwi Yanti, Mudji Astuti 2023-09-14 2023-09-14 18 4 10.21070/ijler.v18i4.970 The Influence of Brand Image, Brand Equity, and Lifestyle on Purchase Decisions at Excelso Coffee SunCity Mall Sidoarjo. <p>This research aims to investigate the impact of Brand Image, Brand Equity, and Lifestyle on purchasing decisions at Excelso Coffee in Suncity Mall, Sidoarjo. Employing a quantitative approach, the study utilized nonprobability sampling (accidental sampling) to gather responses from 100 consumers at Excelso Coffee in Suncity Mall, East Java. Data analysis involved multiple linear regression using SPSS 22.0. The findings demonstrate that brand image, brand equity, and lifestyle individually influence purchasing decisions. Furthermore, when considered simultaneously, brand image, brand equity, and lifestyle collectively have a significant impact on purchasing decisions. This study underscores the importance of these factors in influencing consumer choices. The concise and impactful title for this research could be "Influence of Brand Factors and Lifestyle on Consumer Purchasing Decisions.</p> <p><strong>Highlights:</strong></p> <ul> <li>Impactful Factors: Brand image, brand equity, and lifestyle influence consumer purchasing decisions.</li> <li>Quantitative Approach: The study employs a quantitative methodology to analyze the relationships between these factors.</li> <li>Collective Influence: The research highlights the combined effect of brand-related elements and lifestyle on consumer choices.</li> </ul> <p><strong>Keywords:</strong> Brand Image, Brand Equity, Lifestyle, Purchasing Decisions, Consumer Behavior</p> <p>&nbsp;</p> Virgiawan Nurwanto Lilik Indayani Copyright (c) 2023 Virgiawan Nurwanto, Lilik Indayani 2023-09-14 2023-09-14 18 4 10.21070/ijler.v18i4.967 The Impact of Brand Image, Price, and Product Quality on Mobile Phone Purchase Decisions: A Quantitative Study <p>This research investigates the influence of brand image, price, and product quality on consumers' decisions to purchase mobile phones at Top Sell Stores in Sidoarjo. Employing a quantitative approach with a sample of 100 consumers, multiple linear regression analysis, coefficient of determination (R2), t-test, F-test, and classical assumption tests were conducted using SPSS statistical software version 22. The findings reveal that brand image, price, and product quality individually exert a significant impact on mobile phone purchase decisions. Moreover, when considered together, they collectively influence consumers' choices. This study contributes to a deeper understanding of the factors shaping mobile phone purchasing behavior, offering valuable insights for businesses and marketers in optimizing their strategies to appeal to consumers in similar retail contexts.</p> <p><strong>Highlights:</strong></p> <ul> <li>Consumer Preferences: Examining the impact of brand image, price, and product quality on consumer choices in mobile phone purchases.</li> <li>Quantitative Analysis: Utilizing multiple linear regression and statistical tests to evaluate the significance of these factors.</li> <li>Practical Insights: Providing valuable insights for businesses and marketers to enhance their strategies in similar retail settings.</li> </ul> <p><strong>Keywords: </strong>Brand Image, Price, Product Quality, Mobile Phone Purchase Decisions, Consumer Behavior</p> Fikri Rohman Arif Lilik Indayani Copyright (c) 2023 Fikri Rohman Arif , Lilik Indayani 2023-09-15 2023-09-15 18 4 10.21070/ijler.v18i4.971 Factors Influencing Consumer Purchase Decisions: A Study on Pawon Klotok Ning Ninik Products in Surabaya <p>This quantitative study investigates the impact of packaging, product quality, price, and brand on consumer purchasing decisions for Pawon Klotok Ning Ninik products in Surabaya. Employing non-probability accidental sampling, data from 97 consumers who purchased these products were analyzed using IBM SPSS Statistics version 22. The findings confirm that packaging, product quality, price, and brand individually influence purchasing decisions, and collectively, they significantly impact consumer choices. This research sheds light on the dynamics of consumer behavior in the context of food products and provides valuable insights for marketers and businesses seeking to enhance their market strategies.</p> <p><strong>Highlights:</strong></p> <ul> <li>The study explores factors influencing consumer purchase decisions.</li> <li>Pawon Klotok Ning Ninik products in Surabaya serve as the research context.</li> <li>Packaging, product quality, and brand significance in consumer choices are highlighted.</li> </ul> <p><strong>Keywords: </strong>Consumer Purchase Decisions, Pawon Klotok Ning Ninik, Packaging, Product Quality, Brand Influence</p> Anneke Chitra Ghianti Rita Ambarwati Sukmono Copyright (c) 2023 Anneke Chitra Ghianti, Rita Ambarwati Sukmono 2023-09-15 2023-09-15 18 4 10.21070/ijler.v18i4.975 Enhancing Employee Performance: The Impact of Compensation, Motivation, and Work Ethic <p>This study investigates the influence of compensation, motivation, and work morale on employee performance within the Marketing Distribution Department of a prominent organization. Employing quantitative methods and a sample of 101 respondents, data was collected through validated and reliable questionnaires. The analysis, conducted using classical assumption tests and multiple linear regression, reveals that compensation and motivation individually exert a positive and significant impact on employee performance, while work morale exhibits a positive but non-significant effect. Furthermore, when considered together, compensation, motivation, and work morale collectively have a positive and significant influence on employee performance. These findings underscore the importance of holistic approaches to employee engagement and provide valuable insights for organizations seeking to enhance their workforce's productivity and effectiveness.</p> <p><strong>Highlights:</strong></p> <ul> <li>Compensation and motivation positively impact performance.</li> <li>Work morale, while positive, lacks significant individual influence.</li> <li>Combined effects of compensation, motivation, and morale on performance are substantial.</li> </ul> <p><strong>Keywords: </strong>Compensation, Motivation, Work Morale, Employee Performance, Quantitative Analysis</p> Evan Agung Junio Sumartik Copyright (c) 2023 Evan Agung Junio, Sumartik 2023-09-15 2023-09-15 18 4 10.21070/ijler.v18i4.973 Psychological Biases and Investment Decisions: A Study of Economic Students <p>This research employs a quantitative approach to investigate the impact of financial literacy, regret aversion, herding bias, and the illusion of control on investment decisions among students in the Faculty of Economics and Business at Muhammadiyah University of Sidoarjo. Utilizing a purposive sampling technique, data were collected from 210 students through a validated and reliable questionnaire distributed via Google Forms. The results reveal that while financial literacy exhibits a non-significant influence on investment decisions, regret aversion and the illusion of control significantly affect these decisions. In contrast, herding bias demonstrates an influence that is not statistically significant. This study underscores the importance of psychological factors in shaping investment choices among aspiring economic professionals, with implications for financial education and decision-making strategies in the field.</p> <p><strong>Highlights:</strong></p> <ul> <li> <p>Financial Literacy's Limited Influence: This research highlights that despite its importance, financial literacy does not significantly impact investment decisions among students in the Faculty of Economics and Business.</p> </li> <li> <p>Psychological Biases Matter: The study underscores the significance of psychological factors such as regret aversion and the illusion of control in shaping investment decisions, emphasizing the need to address these biases in financial education.</p> </li> <li> <p>Herding Bias Ineffectiveness: While herding bias plays a role, this study finds that its influence on investment decisions is not statistically significant, indicating room for further investigation into its practical implications.</p> </li> </ul> <p><strong>Keywords: </strong>Financial Literacy, Investment Decisions, Regret Aversion, Herding Bias, Illusion of Control</p> Akhmad Irsyadin Alain Naufal Hussalman Helinda Maya Kumala Sari Copyright (c) 2023 Akhmad Irsyadin Alain Naufal Hussalman, Helinda Maya Kumala Sari 2023-09-14 2023-09-14 18 4 10.21070/ijler.v18i4.976 Leverage and Auditor Quality Impact Financial Reporting Timeliness: Evidence from Property and Real Estate Sector <p>This research investigates the impact of profitability, leverage, firm size, and auditor quality on the timeliness of financial reporting within the property and real estate sector of the Indonesia Stock Exchange for the years 2018 to 2020. Employing logistic regression analysis, our study reveals that leverage and auditor quality significantly influence financial reporting timeliness, while firm size does not exhibit such an effect. These findings contribute to the literature on financial reporting timeliness, offering valuable insights for decision-makers and adding support to prior research efforts in this field.</p> <p><strong>Highlights:</strong></p> <ul> <li>Impact of Leverage: Leverage's significant influence on financial reporting timeliness.</li> <li>Auditor Quality Matters: The role of auditor quality in shaping timely financial reporting.</li> <li>Sector-Specific Insights: Findings specific to the property and real estate sector.</li> </ul> <p><strong>Keywords: </strong>Financial Reporting, Leverage, Auditor Quality, Timeliness, Property and Real Estate Sector</p> Fabrisio Handy Valentino Nurasik Copyright (c) 2023 Fabrisio Handy Valentino, Nurasik 2023-09-14 2023-09-14 18 4 10.21070/ijler.v18i4.972 Financial Factors Shaping Stock Prices: Evidence from Food and Beverage Companies (2016-2020) <p>This research employs quantitative methods and secondary data analysis to investigate the relationship between financial variables and stock prices in the food and beverage industry. Utilizing a purposive sampling method, 50 samples from 10 food and beverage companies listed on the IDX are examined over a five-year period. The study reveals that Net Profit Margin and Capital Structure both exert a positive and significant influence on stock prices, whereas Profitability demonstrates a significant negative impact. Notably, when considered together, these three variables collectively influence stock prices. This study's findings have implications for investors, financial analysts, and policymakers, offering insights into the complex interplay between financial metrics and stock market performance within the food and beverage sector.</p> <p><strong>Highlights:</strong></p> <ul> <li>Financial Metrics Impact: Net Profit Margin and Capital Structure positively influence stock prices, while Profitability has a negative impact.</li> <li>Sector-Specific Insights: The study focuses on the food and beverage industry, offering sector-specific implications for stakeholders.</li> <li>Methodological Approach: Quantitative analysis using secondary data and multiple linear analysis techniques informs the research findings.</li> </ul> <p><strong>Keywords:</strong> Stock Prices, Financial Factors, Food and Beverage Industry, Secondary Data Analysis, Multiple Linear Analysis.</p> Silvia Al Vionita Wisnu Panggah Setiyono Copyright (c) 2023 Silvia Al Vionita, Wisnu Panggah Setiyono 2023-09-15 2023-09-15 18 4 10.21070/ijler.v18i4.968 Financial Metrics Impact on LQ-45 Stock Price Changes: Evidence from IDX <p>This quantitative research investigates the influence of Return On Assets (ROA), Net Profit Margin (NPM), Earnings Per Share (EPS), and Debt to Equity Ratio (DER) on stock price fluctuations within the LQ-45 index companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. Employing SPSS tests, including multicollinearity and heteroscedasticity assessments, this study reveals that ROA, NPM, EPS, and DER collectively exert a significant impact on stock price changes. These findings underscore the relevance of financial performance metrics in gauging stock price dynamics, offering valuable insights for investors and market analysts.</p> <p><strong>Highlights:</strong></p> <ul> <li> <p>Financial Metrics Significance: This research emphasizes the crucial role of financial metrics in understanding stock price fluctuations.</p> </li> <li> <p>LQ-45 Companies Impact: It assesses the impact of financial metrics on stock prices within the specific context of LQ-45 companies.</p> </li> <li> <p>Empirical Evidence: The study presents empirical evidence from the Indonesia Stock Exchange, enhancing its practical relevance for investors and analysts.</p> </li> </ul> <p><strong>Keywords: </strong>Financial metrics, stock price changes, LQ-45 companies, Indonesia Stock Exchange, SPSS analysis.</p> Muhammad Bhakti Dede Satriaji Eny Maryanti Copyright (c) 2023 Muhammad Bhakti Dede Satriaji, Eny Maryanti 2023-09-18 2023-09-18 18 4 10.21070/ijler.v18i4.969 Impact of Compensation, Productivity, and Service Quality on Member Satisfaction: A Quantitative Analysis <p>This study aims to investigate the influence of compensation, productivity, and service quality on member satisfaction in Eccindo cooperatives. Employing a quantitative approach, purposive sampling was used to select 75 respondents from Eccindo cooperative members, and data were collected through distributed questionnaires. The data were analyzed using multiple linear regression in SPSS 20. The findings demonstrate that compensation, productivity, and service quality individually affect member satisfaction, and collectively, they have a significant impact on member satisfaction. This research underscores the importance of addressing compensation, productivity, and service quality to enhance member satisfaction in cooperatives, providing valuable insights for cooperative management and policymakers.</p> <p><strong>Highlights:</strong></p> <ul> <li>Compensation's Influence: Evaluate how compensation affects member satisfaction in Eccindo cooperatives.</li> <li>Productivity's Role: Examine the impact of productivity on member contentment within the cooperative setting.</li> <li>Quality of Service: Assess the significance of service quality in enhancing member satisfaction.</li> </ul> <p><strong>Keywords: </strong>Compensation, Productivity, Service Quality, Member Satisfaction, Quantitative Analysis</p> Rizdatul Umah Herlinda Maya Kumala Sari Copyright (c) 2023 Rizdatul Umah, Herlinda Maya Kumala Sari 2023-09-18 2023-09-18 18 4 10.21070/ijler.v18i4.977 Participatory Budgeting's Impact on Managerial Performance: The Mediating Role of Goal Commitment <p>This study investigates the relationship between participatory budgeting and managerial performance, with a focus on the mediating role of goal commitment. Utilizing purposive sampling, data was collected from 65 respondents via Google Forms and analyzed using the Outer Model to assess data validity and reliability. Subsequently, the Inner Model was employed to test hypotheses through SmartPLS 3.0. Results indicate a significant influence of participatory budgeting on both managerial performance and goal commitment. However, goal commitment was found to have no direct impact on managerial performance, and it did not mediate the relationship between participatory budgeting and managerial performance. This research underscores the importance of participatory budgeting in enhancing managerial performance while highlighting the need for further exploration of the mechanisms underlying this relationship.</p> <p><strong>Highlights:</strong></p> <ul> <li> <p>Participatory budgeting's significant influence: This study uncovers the substantial impact of participatory budgeting on managerial performance.</p> </li> <li> <p>Role of goal commitment: It examines the role of goal commitment as a mediating factor in the participatory budgeting and managerial performance relationship.</p> </li> <li> <p>Implications for organizational effectiveness: The research highlights implications for organizations aiming to enhance their effectiveness through participatory budgeting strategies.</p> </li> </ul> <p><strong>Keywords: </strong>Participatory budgeting, Managerial performance, Goal commitment, Mediation, Organizational effectiveness</p> Dewi Ayu Nabilla Hadiah Fitriyah Copyright (c) 2023 Dewi Ayu Nabilla, Hadiah Fitriyah 2023-09-15 2023-09-15 18 4 10.21070/ijler.v18i4.974 Addressing Domestic Violence in Iraqi Family Law: A Critical Analysis and Recommendations <p>This study delves into the complex interplay between domestic violence and the institution of marriage within the framework of Iraqi family law, focusing on the rights of wives to seek separation in cases of abuse. The research employs a legal analysis approach to scrutinize the existing legal texts, judicial applications, and their impact on marital relationships. Findings reveal a disconnect between the legislation and its practical application, with judicial discretion often prioritizing family preservation over the well-being of the wife. The study highlights the need for legal reform to explicitly grant wives the right to seek separation in cases of any form of domestic violence and advocates for the criminalization of domestic violence. Furthermore, it underscores the importance of conducting seminars and conferences to comprehensively address domestic violence as a societal issue and calls for increased research efforts in this domain. This research offers a critical examination of the status quo and proposes tangible steps towards safeguarding the rights and well-being of spouses affected by domestic violence within the Iraqi legal context.</p> <p><strong>Highlights :<br></strong></p> <ul> <li>The study reveals a disconnection between Iraqi family law and the practical application of rights for abused wives, emphasizing the need for legal reform.</li> <li>Advocacy for explicit legal provisions granting wives the right to seek separation in cases of domestic violence.</li> <li>Emphasizing the importance of addressing domestic violence through seminars, conferences, and increased research efforts to protect the well-being of spouses.</li> </ul> <p><strong>Keywords :</strong> Domestic Violence, Iraqi Family Law, Marital Separation, Legal Reform, Judicial Discretion</p> Yousra Sabri Dakhil Copyright (c) 2023 Yousra Sabri Dakhil 2023-09-21 2023-09-21 18 4 10.21070/ijler.v18i4.980