Airlangga Journal of Innovation Management

Mapping Shariah Supervisory Board Literature for Islamic Finance Development

Yusril, Ega Rusanti, Siti Zulaikha — Wed, 11 Dec 2024 00:00:00 +0700

This study aims to map the intellectual structure of research regarding the role of the Sharia Supervisory Board (SSB) in the development of Islamic finance. This mapping includes bibliographic analysis, keywords, and a network map of research trends. This study uses the bibliometric method by utilizing the Biblioshiny and Vos Viewer analysis tools. The researcher used 315 articles published on the Scopus page from 1988–2023. The results show that in the last 10 years, a topic about SSB has received great attention from researchers with an increase in article production. This topic has been discussed by authors from Indonesia, Malaysia, and Bangladesh. The results of the study also show that there are five clusters consisting of the role of SSB in the implementation of shariah governance; the role of SSB in encouraging the development of Islamic finance; SSB in improving the performance of Islamic banking; the characteristics of SSB; and the leadership and political system. The results of this study guide researchers, practitioners, and policymakers to understand the direction and focus of the Sharia Advisory Council (SSB) research. Its practical implications include strengthening the conceptual foundation of the SSB, supporting the development of the Islamic finance industry, and potentially becoming the basis for the development of a new conceptual framework in the future.

The Influence of Affective Image, Attractiveness, Hedonism, Psychological Well-Being, and Shopping Experience on Revisit Intention

Ana Arifiana, Rahayu Mardikaningsih — Wed, 11 Dec 2024 00:00:00 +0700

This study examines the influence of affective image, attractiveness, hedonism, psychological well-being, and shopping experience on revisit intention of visitors at Tunjungan Plaza Surabaya, one of the largest and most influential shopping centers in Indonesia. By analyzing these factors, the study explores how emotional and behavioral elements impact consumer decisions to return to a shopping destination. The research was conducted using a quantitative survey method, targeting visitors who had shopped at Tunjungan Plaza within the last year. Data was collected from purposive sampling, with 207 valid responses analyzed using multiple linear regression with SPSS 27. The results show that effective image, attractiveness, hedonism, psychological well-being, and shopping experience affected revisit intention significantly. The shopping experience had the strongest impact, with all variables contributing uniquely to predicting visitor loyalty. The managerial implication includes understanding the key factors influencing revisit intentions. Management can provide facilities and services to meet the visitors’ needs and expectations. Additionally, designing shopping experiences that evoke diverse sensations and utilizing technological advancements can improve customer satisfaction. Management should also create a fun and engaging atmosphere to reduce stress and boredom among visitors. This study provides new insights into the dynamics of visitor behavior in the context of shopping malls, especially in developing countries like Indonesia. It highlights the critical role of emotional and experiential factors in influencing customer loyalty and revisitation to shopping centers.

Are Islamic Branding and Halal Awareness Relevant? A Study of Annuqayah Santri's Purchasing Decisions on Wardah Cosmetics

Sumita, Maksum — Wed, 11 Dec 2024 00:00:00 +0700

Cosmetics have become an important part of women's lives, including teenage santriwati at Pondok Pesantren Annuqayah, who use cosmetics not only to maintain skin health but also to boost self-confidence. Indonesia, as the second largest market for halal cosmetics, is a relevant place to examine the influence of Islamic branding, halal awareness, trust, and product quality on purchasing decisions. Islamic branding is expected to give consumers a sense of trust that the product is halal. Halal awareness also influences consumers in choosing halal-labeled products as part of compliance with sharia. The research uses a quantitative approach with a purposive sampling technique with the criteria that female Santri are at least 15 years old, Wardah cosmetic users, and have used it for the past year. The data were analysed using multiple regression with a sample of 100 respondents obtained through filling out a questionnaire by Santri, which was then carried out using a using a validity test, a classical assumption test, and hypothesis testing using multiple linear regression with the help of SPSS. The results showed that partially Islamic branding (0.029), trust (0.003), and product quality (0.001) have an influence on the purchasing decisions of Pondok Pesantren Annuqayah Santri on Wardah cosmetic products, while halal awareness (0.062) has no effect. These results provide an understanding of the behaviour of santri through an Islamic economic approach. Further research can increase the number of observations about the behaviour of Santri at the Islamic Boarding School.

Optimizing Augmented Reality, Brand Image, and Brand Equity on Customer Loyalty for Maybelline Cosmetics on The Shopee Platform

Dewi Komala Sari, Ayu Tri Tungga Dewi, Lilik Indayani — Wed, 11 Dec 2024 00:00:00 +0700

The ongoing development of the world of technology has a considerable impact on the daily use of the Internet in Indonesia, data based on a survey conducted by the Indonesia Internet Service Providers Association shows that the number of Internet users in Indonesia itself has increased from 132.7 million in 2016 to as many as 143.26 million in 2017, thus there has been an increase of 10, 56 million per year. The use of smart devices encourages the emergence of a new dimension in the business view of beauty product marketing activities in Indonesia. The research aims to determine how the enhancement of Augmented Reality, Brand Image, and Brand Equity influences Customer Loyalty towards Maybelline Products on the Shopee Platform. The research focused on all consumers who buy or use Maybelline products. For sampling in this study, nonprobability sampling is applied using the purposive sampling approach, with a total of 196 respondents. Data collection was performed through questionnaires that were evaluated using the Likert scale. The data analysis for this study employs multiple linear analysis, utilizing Smart PLS 3. 2. 8 software. Findings from this research show that the optimization of Augmented Reality does not impact the customer loyalty of Maybelline New York products in Sidoarjo Regency, while Brand Image and Brand Equity do influence Customer Loyalty for Maybelline Products.

The Role of Islamic Financial Management in Controlling the Consumptive Behavior of Islamic Economics Female Santriwati Shopaholics (Dalwa Islamic Boarding School for Girls)

Wardatul Fitriyah — Wed, 11 Dec 2024 00:00:00 +0700

The increasing number of human needs for life, the increasingly demanding patterns of lifestyle improvements, and the culture of consumerism make some people not aware that they have spent their money without calculating it, low desire to save and knowledge of investing in the future is still less than optimal in management. This research is descriptive research with a qualitative approach. The researcher will describe and describe the social and economic life of Islamic boarding school students in Dalwa who already have personal financial goals (pocket) to plan, direct, and control financial activities, both expenses and income, to get used to a simple lifestyle, not consumptive, manage and plan shopping & consumption decision while at the cottage. From the results of field data analysis, it is clear that the application of 5 concepts of Islamic management behavior patterns is: spending/ controlling money according to needs rather than desires, paying obligations on time, planning finances for future needs/making a list of priorities, saving/setting aside pocket money and rational consumption (mustahliq al-aqlani) spending income according to needs. Every student is expected to have the ability to direct & control the use of pocket money as a solution to irrational consumption that tends to be thrifty and avoids the shopaholic lifestyle

Optimizing Employee Performance: The Role of Public Service Motivation and Organizational Citizenship Behavior

Wed, 11 Dec 2024 00:00:00 +0700

Human resource management is a central factor in any organization. Regardless of its form or objectives, an organization is established based on various visions for human interests, and its mission is managed and executed by people. Thus, human resource management focuses on issues related to the workforce. This study examines the impact of Public Service Motivation (PSM) and Organizational Citizenship Behavior (OCB) on employee performance. The respondents of this study were 100 employees from PT Leetex Garment Indonesia. Purposive sampling was used in this study, along with quantitative analysis through multiple regression analysis. The results revealed that PSM and OCB significantly and positively influenced employee performance, with PSM having a t-value of 12.331 and OCB having a t-value of 9.929, surpassing the critical t-value of 1.985. Additionally, the combined effect of PSM and OCB on employee performance was significant, with an F-value of 88.136 and a probability level of 0.000, less than the alpha level of 0.05. This suggests the need for further research into other factors affecting employee performance that were not covered in this study. This finding indicates the usefulness of PSM and OCB in increasing organizational productivity. However, this study also highlights the potential for further investigation into other elements that may influence employee performance, such as leadership style, organizational culture, or managerial support. For practitioners, particularly at PT Leetex Garment Indonesia, these findings might serve as the foundation for developing more effective human resource management strategies.

Antam Gold Financing Marketing Strategy Innovation on Arrum Hajj Products

Lailatul Azizah — Wed, 11 Dec 2024 00:00:00 +0700

The fact is that every year the departure quota for prospective hajj pilgrims is relatively small and the waiting list is quite long, draining time, money & energy. With the high level of community need for hajj financing, Shari'a Leasing Company Bangil–Pasuruan is here. As a business opportunity/enterprise that operates in the field of hajj financing products (hajj arrum), an easy, fast, precise, and safe solution in overcoming the problem of registration needs & obtaining a hajj portion number, especially in middle to lower economic communities, just by pawning gold from antam as collateral with the financing concept: no banks, usury, fines and confiscations. Through the application of the concept of rahn, ijarah & qard contracts. From the results of field data analysis, it is clear that there are 4 forms of innovation in gold from antam financing strategy applied to arrum hajj products, name: 1. product (gold savings program with 4T concept on credit), 2. price (gold from antam guarantee 3.5 grams customers can make & get a hajj portion number, and freely choose the number of installments & period according to economic conditions. 3. promotion (product introduction carried out online & offline), 4. service (friendly, policy, practical, easy, fast and safe). To be able to anticipate business risks for customers who fail to pay pawnshops should be able to select/measure credit worthiness by applying the 5C principles.

The Effect of Accounting Control and Management Control on Managerial Performance Through Participation in Budget Preparation as an Intervening Variable at PT. GARAM (Persero)

Eko Wahyudi Antoro, Stevanus Gatot Supriyadi, Ita Yoeli Astari — Wed, 11 Dec 2024 00:00:00 +0700

A business may be defined as an organizational structure that employs human, natural, and other economic resources to fulfill its aims. Human resources in an organization are one of the most important factors determining organizational effectiveness; as a result, every company requires a management control system, accounting control, and active participation in budget preparation with the goal of regulating organizational activities through organizational leaders so that they are consistent with the company's objectives. The purpose of this research is to analyze and assess the effect of management and accounting controls on budget preparation participation and managerial performance. This research technique uses a quantitative and associative approach. The study's participants were all PT. Garam (Persero) managers. The sampling strategy then used census or analytic methods to choose 49 managers from the overall population. The analytical method employs structural equation modeling analysis using partial least squares (PLS) 4 software tools, as well as mediation testing using the sobel test calculator. The test results showed that the accounting control variable had a significant impact on budget preparation participation but not management performance. The management control variable did not have a significant influence on either budget preparation participation or managerial performance. Meanwhile, the engagement variable in budget preparation has been found to have a significant impact on managerial performance. Furthermore, this study discovered that budget participation variables act as a moderator in the relationship between accounting control variables and managerial performance, which contradicts the relationship between management control variables and managerial performance.

Application of Indigenous Bacterial Formulation of Salt-Washing Wastewater (Bittern) in Degrading Plastic Waste

Aliefia Miftakhul Ardani, Wahyu Dwi Saputri, Abdus Salam Junaedi, Haryo Triajie — Wed, 11 Dec 2024 00:00:00 +0700

The accumulation of plastic waste can lead to environmental changes. One solution to reduce plastic waste is through a biodegradation process involving microorganisms or bacteria. One solution is biodegradation by using microorganisms or bacteria to break down plastic. Biodegradation is a solution to reduce plastic numbers with the help of microorganisms or bacteria. This study aims to measure the Optical Density (OD), Total Plate Count (TPC), and degradation effectiveness of indigenous bacteria from salt wash wastewater (bittern) in degrading plastic on Nutrient Broth (NB) media with 1% glucose. The research process included sterilization of tools and materials, sampling, media preparation, rejuvenation of bacterial cultures, inoculation, OD measurement, TPC calculation, and percentage of plastic weight loss. Data on OD and TPC were analyzed quantitatively with visual aids. The plastic degradation percentage was measured after 7 days of incubation. The percentage of plastic degradation was measured after 7 days of incubation. The results showed that the highest OD value was bacteria BB8 which amounted to 1.614. TPC for plastic degradation was highest in BB9 which amounted to 13.37 Log CFU/g. BB4 showed the highest percentage of plastic dry weight reduction 36.4% after 7 days. These findings highlight the potential of salt-washing wastewater bacteria for plastic waste degradation.

Gen Z Investment Decision: Role of Financial Literacy, Financial Behaviour, Financial Experience and Risk Tolerance

Wed, 11 Dec 2024 00:00:00 +0700

This research aims to investigate the determinants influencing investment decisions among Generation Z in Banyumas Regency, Indonesia. This research focuses on the population of Generation Z individuals aged 18-27 years, with a sample size of 120 respondents selected through purposive sampling using the 10-times rule method. Data collection was conducted using a structured questionnaire based on a Likert scale to assess various factors, including financial literacy, financial behaviour, financial experience, and risk tolerance. The analysis employed Partial Least Squares Structural Equation Modeling (PLS-SEM) using Smart PLS software, which facilitated the evaluation of both the outer and inner models to test validity, reliability, and hypothesis testing. The results show that financial literacy, financial behaviour and risk tolerance positively and significantly influence investment decisions among Generation Z respondents. These findings suggest that increasing financial literacy, improving financial behaviour and having good risk tolerance can lead to more informed investment decisions among this demographic. Meanwhile, financial experience does not affect investment decisions, indicating that Generation Z investors do not consider their financial experience in their investment decisions. The implications of this research highlight the importance of targeted financial education programs aimed at Generation Z to improve their investment decision-making capabilities. By fostering a better understanding of financial concepts and encouraging responsible financial behaviours, stakeholders can contribute to the development of a more financially literate and proactive generation of investors

The Influence of Democratic and Charismatic Leadership Styles on Employee Performance

Intan Arum Herlina, Budi Rahayu, Desi Kristanti — Wed, 11 Dec 2024 00:00:00 +0700

As an effort to improve the quality of education, it is closely related to effective leadership and management by a leader. Support from subordinates will be available and sustainable when the leader is truly qualified. A school will be capable of advancing when the leader possesses a vision and mission, managerial abilities, and also integrity in implementing quality enhancements. Moreover, the school further requires quality human resources to fulfill the objectives of an organization. This research aims to test and analyze the influence of democratic and charismatic leadership styles both simultaneously and partially. Methode in this research uses and approach a quantitative approach with multiple linear regression analysis techniques. The population of this study was all 35 employees of MI Jati Salam Jombang, then the sampling technique used was census or total sampling which involved all members of the population as samples. Based on the test results, it was found that democratic and charismatic leadership styles had a positive and significant influence both simultaneously and partially on employee performance. The implications of this research theoretically find that democratic and charismatic leadership styles are theoretically able to influence employee performance but are still influenced by the policies of the organization itself, and practically the application of these two leadership styles must be consistent and continuously improve

Supporting SDGs Through Efficient Technology by Implementing PDCA and Renewable Energy at PT. Dharma Electrindo

Agustin Sukarsono, Putut Ade Irawan, Johan Alfian Pradana — Wed, 11 Dec 2024 00:00:00 +0700

The SDGs, launched by the UN in 2015, replaced the MDGs with 17 goals, focused on eliminating poverty, environmental protection, and global prosperity. PT. Dharma Electrindo Manufacturing adopts environmentally friendly technology to save energy and reduce emissions, supporting SDGs. Without the SDGs, there is a need for innovation in manufacturing technology to support SDGs 8, 12, and 13. This study will improve the sustainability of the industry. This research analyzes the effectiveness of energy and environmental improvements at PT. DEM in supporting SDGs. This research design uses a descriptive qualitative approach with a Plan-Do-Check Action cycle to improve energy efficiency and reduce emissions at PT. Dharma Electrindo MFG, with data collected through questionnaires, checklists, and monitoring. Studies show the SDGs are effective for some goals, but cost and weather dependency hinder the efficiency of innovative technologies. The application of efficient technology and PDCA methodology at PT. DEM improves energy and environmental management, reduces emissions by 12% per year, and increases operational efficiency. The implementation of LED lights, automatic watering systems, and renewable energy technology supports SDGs by reducing electricity consumption by 21,790.12 kWh. Theory and practice show PDCA technology supports energy efficiency and the SDGs.