JEFMS Journal

¹I Dewa Ayu Eka Pertiwi, ²I Dewa Ayu Kristiantari, ³I Nyoman Sutapa

^1,2,3Accounting Study Program, Faculty of Economic and Business, Warmadewa University

¹Abraham Yedija Bimantoro,² Ika Korika Swasti

¹Sofiane TAHI, ²Inass EL FARISSI

¹LEFMI (Laboratoire d’Economie, Finance, Management et Innovation), University of Picardie Jules Verne
²LAREF (LAboratoire de Recherche En Finance), ISCAE Casablanca

¹Rayie Tariaranie W, ²Ludi Wishnu

¹Marketing Management, Faculty of Vocation, State University of Malang
²Department of Management, Faculty of Economics, State University of Malang

¹G. K. Kawindra Narayana, ²I Gede Putu Kawiana,³Mirah Ayu Putri Trarintya

¹Student of Magister Management Program on Faculty of Business and Tourism Economics, University Hindu Indonesia, Indonesia
^2,3Faculty of Business and Tourism Economics, University Hindu Indonesia, Indonesia

¹Titin Ekowati, ²Susi Widjajani, ³Intan Puspitasari, ⁴Endah Pri Ariningsih, ⁵Esti Margiyanti Utami

^1,2,3,4,5Departement of Management, Faculty of Economic, Muhammadiyah Univercity of Purworejo, Indonesia

¹Fahlevy Kirana Khiba, ²Sri Utami Ady

^1,2Faculty of Economics and Business,Dr. Soetomo University Surabaya, Indonesia

Saša Čegar

Faculty of Economics and Business, University of Rijeka, Ivana Filipovića 4, 51 000 Rijeka, Croatia

¹Prof. Dr. Niazi Kammoun, ²Mohammed Abdul Kareem Kamil Shabib

¹Ahmad Nur Budi Utama, ²Ade Irma Suryani

¹Universitas Jambi, Indonesia,
²Universitas Muhammadiyah Jambi, Indonesia

¹Fadia Hana No Kauri, ²Teguh Soedarto, ³Taufik Setyadi

^1,2,3Agribusiness Study Program, Faculty of Agriculture, UPN “Veteran” Jawa Timur

^{corresponding authors:}Taufik Setyadi

Nadya

School of Economics, Guangxi University, Nanning, China

¹Intannia Lestari, ²Mahrinasari MS, ³Dorothy Rouly Haratua Pandjaitan

^1,2,3Faculty of Economics and Business, University of Lampung

¹Ilham Safar, ²Mansyur Ramly, ³Baso Amang, ⁴Ramlawati, ⁵Wahyu

¹Management Science Doctoral Program Student, Universitas Muslim Indonesia
^2,3,4Management, Universitas Muslim Indonesia
⁵Management, Universitas Fajar

¹Inas Shofia Widiyati, ²Payamta

^1,2Sebelas Maret University & Jl. Sutami No. 36, Kentingan, Jebres, Surakarta, Indonesia

¹Dian Anjarwati Setia, ²Eko Arief Sudaryono

^1,2Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia

¹Yohanes Chrisantus S. Moan Jawa, ²Triyonowati, ³Marsudi Lestariningsih

^1,2,3Indonesia College of Economics (STIESIA) Surabaya, Indonesia

¹Laeli Chodriyah, ²Sugeng Haryanto, ³Harsono

^1,2,3University of Merdeka Malang, Indonesia

¹Mochamad Fatchurrohman, ²M. Azizul Khakim

^1,2Sekolah Tinggi Ilmu Ekonomi Mahardhika, Surabaya, Indonesia

Putu Yudy Wijaya

Hindu Indonesia University, Jl. Sangalangit Tembau Penatih Denpasar, Bali, Indonesia

¹Duc Trong Pham, ²Thi Thanh Hang Doan

¹University of Labour and Social Affairs, Hanoi, Vietnam
²University of University of Transport Technology, Hanoi, Vietnam

¹Muhammad Kurnia Setia Negara, ²Sri Hasnawati, ³Ernie Hendrawaty

^1,2,3Master of Management, Faculty of Economics and Business, University of Lampung, Indonesia

¹Dara Rizky Untari, ²Sari Lenggogeni, ³Verinita

¹Master of Management Program, Faculty of Economics and Business, Andalas University, Padang-Indonesia
^2,3Lecturer in the Master of Management Program, Faculty of Economics and Business, Andalas University, Padang-Indonesia

¹Budi Hartoyo, ²Sarjon Defit

¹STIE ITMI Medan, Indonesia
²Universitas Putra Indonesia YPTK Padang, Indonesia

¹Della Ayu Zonna Lia, ²Raisa Fitri

^1,2Universitas Negeri Malang

¹Indri Arrafi Juliannisa, ²Tri Siswantini, ³Sugianto

^1,2,3Faculty of Economics and Business, UPN Veteran Jakarta-Indonesia

¹Dian Erni Novitasari, ²Tony Seno Aji

^1,2Undergraduate Program in Economics, Faculty of Economics and Business, State University of Surabaya

¹Hau Thi Hai DINH, ²Binh the VU

¹Faculty of Business Administration, Trade Union University, Hanoi, Vietnam
²Faculty of Accounting and Auditing, University of Economics and Business - Vietnam National University, Hanoi, Vietnam

¹Jamaluddin Sawaji, ²Nurmadhani Fitri Suyuthi, ³Muhammad Saleh, ^{4/sup>Ilham Safar}

^1,2,4Univeristas Fajar
³STIE Pelita Buana

¹Sulvariany Tamburaka, ²Erwin Hadisantoso, ³Tuti Dharmawati, ⁴Andi Muhammad Fuad R, ⁵Si Made Ngurah Purnaman, ⁶Audi Aulia, ⁷Nur Resqy Septrian

^{1,2,3,4,5,6,7}Department of Accounting, Faculty of Economics and Business, Halu Oleo University, Indonesia

¹Risa Restu Septania, ²Harmono, ³Parawiyati

¹Master of Accounting, University of Merdeka Malang
^2,3University of Merdeka Malang

¹Dien Noviany Rahmatika, ²Ibnu Muttaqin, ³Fahmi Firmansyah, ⁴Hilya Asya Rofiqoh

^1,2,3,4Faculty of Economics and Business, Universitas Pancasakti Tegal

¹Novi Trisnawati, ²Inanda Shinta Anugrahani

¹Faculty of Economics and Business, Universitas Negeri Malang-Indonesia
²Faculty of Vocational, Universitas Negeri Malang-Indonesia

¹Nuraini Kusuma Ningsih, ²Prayudi Setiawan Prabowo

^1,2Economics, State University of Surabaya

¹Ketut Gunawan, ²Nyoman Suandana, ³I Gde Made Metera, ⁴Fridayana Yudiaatmaja, ⁵Kadek Gayatri Chandra Dewi

^1,2,3,4Lecture of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia
⁴Ganesha University of Education, Indonesia, Jln. Udayana No. 11, Singaraja, Kec. Buleleng, Kabupaten Buleleng, Bali
⁵Student of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia

¹I Made Madiarsa, ²Gede Suardana, ³Mertyani Sari Dewi, ⁴Ni Putu Sri Wati, ⁵Desak Ketut Budiasih

^1,2,3Lecture of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia
⁴Lecture of Satya Dharma College of Economics Jl. Judistira No. 11 Singaraja 81112, Bali, Indonesia
⁵Student of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia; Satya Dharma College of Economics Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia

¹Naila Salsabillah, ²Eko Purwanto

¹Management, Faculty of Economics and Business, University Pembangunan Nasional “Veteran” Jawa Timur, Indonesia.
²University Pembangunan Nasional Veteran Jawa Timur.

¹Henny Purnama Dewi, ²Bambang Sutejo, ³Mhd. Fahri Fadillah

^1,3Universitas Battuta
²Institute Teknik & Bisnis LMII

Hugo Pius Kwena

Moi University P. O. Box 3900 - 30100, Kesses, Eldoret, Kenya

¹Gede Arnawa, ²Ni Ketut Adi Mekarsari, ³I Dewa Nyoman Arta Jiwa, ⁴Ni Luh Putu Eka Yudi Prastiwi, ⁵Luh Diana Wahyuni

^1,2,3Lecture of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia
⁴Lecture of Satya Dharma College of Economics Jl. Judistira No. 11 Singaraja 81112, Bali, Indonesia
⁵Student of Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia; Satya Dharma College of Economics Jl. Bisma No 22 Singaraja 81116, Bali, Indonesia

¹Putri Ariska Rahmawati, ²Ika Korika Swasti

^1,2Universitas Pembangunan Nasional "Veteran" Jawa Timur

¹Ardhi Nata Kusumah, ²Teguh Soedarto, ³Dona Wahyuning Laily

^1,2,3Master of Agribusiness, Faculty of Agriculture, Universitas Pembangunan Nasional “Veteran” Jawa Timur

¹Shinta Budi Astuti, ²Tryas Chasbiandani, ³Khalida Utami, ⁴Zhuhai Fahru Muharomi

^1,2,3,4Faculty of Economics and Business, Universitas Pancasila, Indonesia

¹Partiwi DWI Astuti, ²Ni Putu Riasning, ³Luh Kade Datrini, ⁴I Nyoman Sunarta

^1,2,3Department of Accounting, Faculty of Economics and Business, Universitas Warmadewa, Denpasar, Indonesia
⁴Department of Accounting, Faculty of Economics and Business, Universitas Pendidikan Nasional, Denpasar, Indonesia

¹Rifqi Darmawan, ²Sishadiyati

^1,2Department of Development Economics, Faculty of Economics and Business, UPN "Veteran" East Java

¹Desy Yanti Anggraeni, ²Ni Nyoman Putu Martini, ³Nursaid, ⁴Nurul Qomariah

^1,2,3,4Universitas Muhammadiyah Jember

¹Comfort Iliya, ²Ben Pam Wurim

¹Ph.D Student, Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos Nigeria
²Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos Nigeria

¹Ida Bagus Udayana Putra, ²I Wayan Wesna Astara, ³I Made Suniastha Amerta, ⁴Ida Bagus Gede Parama Putra, ⁵Mohd Raziff Jamaluddin

^1,2,3,4Warmadewa University
⁵Universiti Teknologi MARA

¹Mahesha Aginio Bimantio, ²Dhani Ichsanuddin Nur

^1,2Management Study Program, Faculty of Economics and Business, National Development University Veteran of East Java, Indonesia

¹Muhammad Syahrul Kirom, ²Dhani Ichsanuddin Nur

^1,2Management Study Program, Faculty of Economics and Business, National Development University Veteran of East Java, Indonesian

¹Jasman Jasman, ²Inung Wijayanti, ³Rizal Mawardi, ⁴Omar Wibisono

^1,2,3,4Faculty of Economics and Business, Perbanas Institute

¹Yesita Eringgar Resani, ²Sugeng Haryanto, ³Sari Yuniarti

¹Student of Postgraduate Magister Management, Universitas of Merdeka Malang, Indonesia
^2,3Faculty of Economic and Business, University of Merdeka Malang, Indonesia

¹Ria Zulkha Ermayda, ²Fitri Purnamasari, ³DWI Narullia

^1,2,3Faculty of Economics and Business, Universitas Negeri Malang-Indonesia

¹Dr Kyriazopoulos Georgios, ²Mavrommatis Georgios

¹Associate Professor, Vice President of Department of Accounting and Finance, University of Western Macedonia, Kozani, Greece, Vice President of International Conference of Development and Economy (I.CO.D.ECON), University of Peloponnese, Kalamata, Greece.
²Account Manager, Trikala City, Thessaly, Greece, Msc Banking Insurance and Finance

¹Ratna Dewi, ²Maretha Ika Prajawati

^1,2Faculty of Economic, Universitas Islam Negeri Maulana Malik Ibrahim Malang, Indonesia

¹Nurul Fadila, ²F Mario Andaru, ³Y Anni Aryani

^1,2,3Sebelas Maret University, Indonesia

¹Roudlotul Badi’ah, ²Dadang Wiratama, ³Mohamad Fahmi Yusuf, ⁴Desy Artika Sari, ⁵Dina Ulya Zunida

^1,2,5Management Study Program, Faculty of Economics and Business, Institut Teknologi dan Bisnis Ahmad Dahlan Lamongan

³Digital Business Study Program, Faculty of Economics and Business, Institut Teknologi dan Bisnis Ahmad Dahlan Lamongan

⁴Accounting Study Program, Faculty of Economics and Business, Institut Teknologi dan Bisnis Ahmad Dahlan Lamongan