Airlangga Journal of Innovation Management

Information Asymmetry Effect on Stock Liquidity Effect on Dividend Payout in Market Microstructure in Indonesia

Mon, 14 Oct 2024 00:00:00 +0700

The impact of market microstructure in shaping corporate governance has been distinguished in several previous research. Market Microstructure becomes prominent factor in emerging markets. This study tested the effect of market microstructure, in the scheme of stock liquidity, on dividend payouts. This study has set focus mainly on the impact of stock liquidity on the corporate payout policy. Later, the researcher examined the interaction given to the stock liquidity factor with information transparency and agency problem properties since the researcher believed that transparency is linked to the and, subsequently, affecting the corporate agents. This research examined observations using quantitative research method, Tobit regression on 256 non-financial firms of the Indonesian capital market during 2010-2018. Stock liquidity significantly impacted dividend policy. The result showed robustness with other stock liquidity measures. This study found that information asymmetry and agency problems had a moderation effect on stock liquidity effect on dividend payout. However, the interaction of stock liquidity and disparity of control rights and cash flow rights did not give a moderation effect on the dividend payout policy. The result supports the notion that dividend payout is an outcome of firm good governance and an inverse of dividend signaling theory.

Understanding the Drivers of Consumer Loyalty Among Millennials Towards Halal Restaurants in Indonesia: SEM – PLS Analysis

Chintya Dellby, Aam Slamet Rusydiana, Indra — Mon, 14 Oct 2024 00:00:00 +0700

This study aims to investigate the factors that influence customer loyalty to halal restaurants in Indonesia. The study uses purposive sampling and quantitative analysis based on structural equation modeling (SEM) with partial least squares (PLS) to analyze the factors that determine customer loyalty. Data were collected through an online questionnaire completed by 148 customers of halal restaurants in Indonesia and analyzed using the SEM-PLS method. The research results indicate that brand image, halal certification, and religion are mediating variables that have a positive and significant influence on customer loyalty to halal restaurants in Indonesia. This study makes a significant theoretical contribution to the understanding of the determinants of customer loyalty by integrating different theoretical perspectives, thereby serving as a basis for practitioners and Relevant policymakers to direct the development of the halal industry, especially the halal food supply sector in Indonesia.

The Effect of Sharia Financial Inclusion on Creative Industry Financing (KSPPS BMT-NU Lenteng Branch, Sumenep)

Vina Abidatin Istiqamah, Zakik — Mon, 14 Oct 2024 00:00:00 +0700

This study aims to analyze the effect of Islamic financial inclusion on creative industry financing in KSPPS BMT-NU Sumenep. Multiple linear regression analysis technique was applied to identify the influence of independent variables.The research design used in this study is a questionnaire to customers of BMT-NU EAST JAVA Lenteng Branch Office who are willing to be respondents and fill out a questionnaire, the purpose of which is to find out how much influence the independent variables, namely, Profile (X1), Income (X2), Accessibility (X3), and Product (X4) on financing the creative industry in Sumenep Regency. The results of the research obtained through multiple Linear Regression dummy variables are profile variables and products that have a significant positive effect on financing the creative industry of BMT-NU Lenteng Branch Sumenep customers. While the accessibility variable has a significant negative effect on financing the creative industry of BMT-NU Lenteng Sumenep Branch customers. While the income variable has a positive, but insignificant effect on financing the creative idustry of BMT-NU Lenteng Sumenep Branch customers.

Analysis of Green Investment Interest Among Millennials and Generation Z Using Theory of Planned Behaviour

Fauziah Zulistiawati, Andang Heryahya, Indriani — Mon, 14 Oct 2024 00:00:00 +0700

The topic of eco-friendly products is a trending topic today, especially among Generation Z and millennials. One of them is about green investment. This investment is here to help answer the issue of our current environmental problems. With this green investment, it is hoped that it can support environmental sustainability and can support companies to be able to switch from environmentally friendly resources to environmentally friendly resources. The purpose of this study is to find out the factors that affect the interest in green investment among the Millennial Generation and Generation Z in Bogor. This research was analyzed using the Structural Equation Model (SEM) through SEMPLS 4.0.0 software. The results of the study show that attitudes towards green investment and behavioral control have a significant influence on green investment interest in Generation Z and millennials. Meanwhile, subjective norms do not have a significant effect on green investment intentions. It can be concluded that generation Z and millennials have a positive and good attitude and self-control towards green investment interest. However, the norms or habits in their environment cannot affect their interest in green investment

The Influence of Job Training, Motivation, and Work Environment on Employee Performance at PT. Telekomunikasi Indonesia, Tbk Kediri City

Yuke Sepvi Dinata Asiska, Desi Kristanti, Yogi Yunanto, Whicka Galuh Bagaskara — Mon, 14 Oct 2024 00:00:00 +0700

This investigation intends to determine and anatomize the effect of job training, motivation, and work environment on employee performance at PT Telekomunikasi Indonesia, Tbk Kediri City. A key element in a company's success is employee performance. Job training, motivation, and a positive work environment are necessary for effective employee performance. Data gathering techniques include distributing questionnaires and performing direct talks with 50 permanent employees of PT. Telekomunikasi Indonesia, Tbk Kediri City. Analyzing data found that job training, motivation, and work environment affect employee performance at PT. Telekomunikasi Indonesia, Tbk Kediri City. This study has a noteworthy impact on job training, motivation, and work environment on employee performance. This research contributes science to human resources. The results can be applied to PT. Telekomunikasi Indonesia, Tbk Kediri City, to optimize job training, motivate employees, and improve a good work environment, so that it can affect employee performance and achieve company success. In further research, it’s hoped that they will research broader and different research objects. Thus, the results attained will benefit numerous parties.

Impact of Islamic Financial Literacy, Money Attitude, and Social Environment on Young Muslim Couples' Financial Planning

Nandini Anindita, Puji Sucia Sukmaningrum, Sylva Alif Rusmita — Mon, 14 Oct 2024 00:00:00 +0700

Disciplined financial planning can create a more durable and financially stable marriage. However, many people still depend on fate, leading to financial planning being overlooked in daily life. Economic factors remain the second most common cause of divorce in Surabaya. Indonesia’s Sharia financial literacy index is only 8.93%, and only 6.3% of the population prepares for long-term financial goals. This study has the purpose of observing the modification theory of planned behavior with the variable Islamic financial literacy, attitude towards money, and social environment on family financial planning among young Muslim couples, especially in Surabaya. This research uses a quantitative approach used multiple linear regression analysis, utilizing IBM SPSS version 27 as the analytical tool. The subjects of this research are young Muslim couples in Surabaya, as younger generations often lack sufficient financial knowledge and tend to make poor financial decisions. The total sample consists of 75 respondents. The results show that Islamic financial literacy and social environment variables positively and significantly affect family financial planning. Meanwhile, the attitude towards money variable also shows an influence but is not statistically significant. These findings highlight the importance of improving Islamic financial literacy and leveraging the social environment to enhance family financial planning outcomes.

The Effect of Third Party Funds, CFO, Debt Ratio on Earning Quality of Islamic Commercial Bank

Halima Tusa'dya, Rahma Wijayanti — Mon, 14 Oct 2024 00:00:00 +0700

This study aims to analyze the factors that affect Earnings Quality. This research will offer a new and broader view on the factors that influence the profit quality of Islamic commercial banks in Indonesia. This research use quantitative study that uses multiple regression analysis methods. The data used is panel data from 2019-2022. The factors analyzed for their influence in this study are Third Party Funds, CFO, and DER. The model estimation used is multiple regression analysis with a quantitative descriptive method. The results of the study show that the CFO and DER have an impact on earnings quality, while, third third-party Funds do not affect Earnings Quality. These findings indicates that banks need to pay more attention to managing operating cash flow (CFO) and capital structure (DER) to improve earnings quality. Proper management of these two variables can help banks achieve more stable and transparent financial performance. Although Third Party Funds do not significantly affect earnings quality, their management is still important to maintain the stability of the bank’s liquidity. These results also suggest that investors and other stakeholders may need to focus on CFO and DER as key indicators when assessing a bank’s earnings quality.

Determinants of Intention to Choose Halal Certified Restaurant in West Java

Mon, 14 Oct 2024 00:00:00 +0700

The establishment of halal-labeled restaurants that offer a diverse range of food and beverages is in line with the growing awareness of halal certification. However, the importance of halal certification was not fully known by the public. This study aimed to investigate the potential influence of knowledge, attitude, and religiosity on consumers' purchase interest in halal restaurants in West Java. In addition, certain eateries emphasize the natural and cultural aspects of the region. The varied traditional cuisine, business centers, and the presence of Muslim communities make West Java an attractive destination for those seeking a religiously oriented and convenient dining experience. This study used primary data collected from 100 respondents through a questionnaire distributed via Google Forms. The study utilized purposive sampling, a type of non-probability sampling, and employed multiple linear regression analysis using SPSS version 29 for data analysis, the study was conducted in 3 stages, namely t-test, f-test, and coefficient of determination test. The findings indicate that attitude and religiosity factors influence consumer purchase intention at the halal restaurant. Conversely, knowledge was not proven to significantly affect public purchase intention at the halal restaurant in this study. This research has significant implications for halal restaurant owners. Halal restaurant owners in West Java can better understand the needs and preferences of Muslim consumers, strengthen their market position, and promote the growth of the halal industry in the region.

The Role of Sharia Financial Inclusion in MSME Development in Sumenep (Study at BPRS Bhakti Sumekar)

Yeni Angraini, Zakik — Mon, 14 Oct 2024 00:00:00 +0700

This research is intended to identify and evaluate the contribution of Sharia financial inclusion at Sharia People's Financing Bank Bhakti Sumekar to the development of MSMEs in Sumenep Regency with the dimensions of accessibility, use of products and services, and service quality. This study determined sample size followed the Roscoe formula. At least 40 MSMEs were customers of Sharia People's Financing Bank Bhakti Sumekar were obtained. To collect data, a combination of interview methods and questionnaire distribution were used. The data was analyzed using SPSS for instrument testing, descriptive statistics, multiple linear regression, classical assumption testing, and hypothesis testing. Results showed that simultaneously, the variables of accessibility, use of products and services, and service quality have a significant impact on the development of MSMEs. However, partial use of products and services does not have a big impact on the development of MSMEs. This is partly due to the limited public awareness regarding Sharia financing, as well as the frequent misuse of credit financing. The implications of this research can provide direct benefits of Islamic financial inclusion, such as easier access to financing, better financial management, and increased business capacity. This will ultimately contribute to improved MSME performance, regional economic growth, and community welfare.

Live Survival Strategy to Grow Entrepreneurial Interest in the Perspective of Maqashid Asy-Syari'ah (On Deaf-Mute Disabilities UPT RSBRW - Pasuruan)

Lailatul Azizah — Mon, 14 Oct 2024 00:00:00 +0700

Difficulties for people with hearing and speech impairments in accessing formal employment because companies only open and look for workers in the physically & mentally healthy category, to increase productivity & effectiveness of employee performance. While getting a job is very important & fundamental for sustainability & continuity. One of the problems faced by people with hearing impairments is how to develop skills & knowledge according to their talents and interests, so that they are able to move independently in fulfilling and prospering their needs & desires without depending on the informal sector.This research is descriptive research with a qualitative approach. The researcher will describe survival strategies to foster interest in entrepreneurship for people with hearing and speech impairments according to field conditions with the aim of finding a comprehensive survival strategy formulation. From the results of data analysis in the field, it is clear that the concept of success in the presence of limitations / impairments is that there are 3 types of survival strategies used by people with hearing and speech impairments, namely: active strategy (having, independence, confidence, enthusiasm, optimism, perseverance), passive strategy (making savings in meeting needs: dharuriyat, hajiyat, tahsiniyat, and implementing rational consumption patterns/ mustahlik al-aqlani), network strategy (using available accessibility & building relationships with related agencies).

The Impacts of Coaching on Innovative Food Business Performance: A Study of Indonesian Entrepreneurship Development Program

Eko Suhartanto — Mon, 14 Oct 2024 00:00:00 +0700

Business coaching has emerged as a prominent tool for enhancing organizational performance and individual development. Relying on the Goal-setting theory, this article uses qualitative method to provide an empirical study about the impacts of the GROW (Goals, Reality, Options, and Will) model of business coaching on product development, managerial improvement, and fulfilment of legal aspects on top of financial aspects for Indonesian micro and small food businesses. The study was conducted based on the results of the Indonesian Food Innovation (IFI) coaching program; an entrepreneurship development activity initiated by the Indonesian Ministry of Industry. The data in this study was gathered from the tracery study carried out by the IFI committee. Conducting an experiment method using comparative of pre- and post-activities, this research compares the participants’ business performance before vs. after coaching intervention, this study finds evidence of the significant positive impacts of business coaching on enhancing business performance, such as sales value and business valuation. The success of an entrepreneurship development program is determined by the insight into vital issues that are specifically often faced in a particular industry. Therefore, entrepreneurship development programs need to be customized according to the industry.

Trends in Green Supply Chain Management: Insights from Bibliometric Analysis (2014-2023)

Hilda Wahyuni, Teti Haryati, Yudha Heryawan Asnawi — Mon, 14 Oct 2024 00:00:00 +0700

This research discusses the publication trend on the topic of green supply chain management with "Green Supply Chain Management" as the keyword. Search using the title and abstract categories listed in Dimension from 2014 to 2023 analyzed in a bibliometric study. This bibliometric study can guide academics and practitioners to take relevant steps in managing environmentally friendly supply chains. Therefore, this research could contribute to understanding developments and challenges in the green supply chain field. The results of this study are expected to provide insights for decision-makers and practitioners in managing supply chain sustainably. There are 4,017 articles. This number is very impressive and almost every year there is a significant development in this research topic. The analysis of this study is focused on the number of publications, authors, and journals. This study aims to observe the development map of Green Supply Chain Management research in the world. Results show that the number of publications on Green Supply Chain Management has increased quite steadily and was the most published in 2023 with a total of 803 journals. As for the lowest number of publications, there was in 2014 with the number of publications as many as 179. Thus, it can be concluded that the topic of this theme has developed from year to year, and this concept has great potential to develop further in the future.