Indonesian Journal of Economics and Management最新文献

{"title":"The Influence of Islamic Leadership on Construction Organizational Performance: Mediating Organizational Learning Culture","authors":"Nur Kholifah, Mulyana Mulyana","doi":"10.35313/ijem.v3i3.5135","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.5135","url":null,"abstract":"This study aims to describe and analyze the effect of Islamic leadership on organizational learning culture. Then describe and analyze the effect of Islamic leadership and organizational learning culture on organizational performance. This research is an explanatory research that uses primary and secondary data sources. Primary data were obtained directly from respondents through distributing questionnaires. While secondary data obtained from journals and data relevant to research. Sampling used a purposive sampling technique, with a total sample of 100 employees or leaders at construction companies in Semarang. The data analysis technique of this study uses Partial Least Square (PLS). The results of this study indicate that organizational learning culture has a positive and significant effect on organizational performance. Islamic leadership has a positive and significant effect on organizational performance. Further research results show that Islamic leadership has a positive and significant effect on organizational learning culture.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Enhancing Financial Performance of Islamic Banks in Indonesia: The Mediating Effect of Green Banking Disclosure on Corporate Governance Practices","authors":"Nabilah Febriyane Prasetyo Widodo, D. Burhany, S. Sumiyati, Neneng Dahtiah","doi":"10.35313/ijem.v3i3.4886","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4886","url":null,"abstract":"Increasing environmental pollution due to business activities was addressed by issuing POJK Number 51/POJK.03/2017. In the banking sector, green banking practices and disclosures are a form of responsibility towards environmental sustainability. However, disclosure of green banking in Islamic commercial banks is still relatively low, as is financial performance, which is not optimal. Thus, it is necessary to examine the factors that influence the disclosure of green banking and fraud to improve financial performance. This study uses governance factors, namely board size, an independent board of commissioners, and gender diversity, to influence financial performance mediated by green banking disclosures. The research sample is 12 Islamic banks in Indonesia for the 2017–2022 period. The results show that green banking disclosure is only influenced by the size of the board of commissioners and independent commissioners, while financial performance is influenced by the size of the board of commissioners, independent commissioners, and gender diversity. Furthermore, disclosure of green banking can mediate the correlation of the board of commissioners and independent commissioners on financial performance.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Emission GHG Performance on Financial Performance: Moderating by Financial Constraints and COVID-19","authors":"Meliani Nababan, Sylvia Veronica Nalurita Purnama Siregar","doi":"10.35313/ijem.v3i3.4946","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4946","url":null,"abstract":"Previous studies on the relationship between GHG emissions and financial performance presented two competing points of view: either reducing GHG emissions can cause firms to diverge from their corporate goals, or, reducing GHG emissions can raise firm value in line with the resource-based view theory. This study examines 105 non-financial industry in Indonesia that produce significant amounts of emissions GHG between 2019 and 2021, with a total of 315 data observations. This study analyzes the financial performance using ROA and firm value, and the performance of GHG emissions using two constructs: the quantity of emissions and disclosure of GHG emissions. The Global Initiative Report (GRI) guidelines are used to conduct content analysis on disclosure of GHG emission. This study shows that GHG emission performance is considered as a firm's competitive advantage, there is a positive relationship between GHG emission performance and firm value, financial constraints negatively impact the relationships between GHG emission performance, and COVID-19 had no impact on the relationship between emission performance and financial performance.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of ESG on ASEAN Public Companies’ Green Innovation per 2021","authors":"Julius Tzar, Sylvia Veronica Nalurita Purnama Siregar","doi":"10.35313/ijem.v3i3.4891","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4891","url":null,"abstract":"The aim of this study is to test the effect of ESG on ASEAN public companies’ green innovation per 2021. By doing a directed content analysis combined with the assistance of autocoding through machine learning, evidence shows that ASEAN companies were still slow in terms of adapting several green innovation dimensions. Furthermore, we do an OLS regression analysis that includes several financial control variables to determine the effect of the ESG score on the ASEAN firms’ green innovations. In conjunction with that we also run robustness checks by using robust OLS regression and the result is aligned with the common OLS regression. Finally, this article summarizes that there is a significant effect of the ESG score on ASEAN companies’ green innovation and hopefully the investors can rely on the ESG score to interpret the green innovations done by the companies.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Perceived Insider Status: Not Moderating the Relationship Between Humble Leadership on Employees’ Creative Deviance","authors":"Meng Zhang","doi":"10.35313/ijem.v3i3.4852","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4852","url":null,"abstract":"This study investigated the relationship between humble leadership (HL) and employees' creative deviance behaviors (CDB), whether or not moderated by perceived insider status (PIS). The conceptual framework is based on the interplay between the three variables, explores the relationship between humble leadership and employees' CDB, and assesses PIS's moderating effect. The study employs the independent variable of humble leadership, divided into three dimensions: self-awareness, appreciation of subordinates, and teachability. The dependent variable is CDB, which has four elements: The individual is actively generated, the organization does not formally support it, the top management of the organization often ignores it, and it is believed that it is beneficial to the interests of the organization. The moderator variable is PIS, reflected through the positive and negative psychological cognition of employees inside the organization. The study's research design is a quantitative descriptive survey design that uses a survey questionnaire. The population of the study consists of back-office employees consisting of 319 respondents. This study used a questionnaire survey and social information processing theory to manage the data. The results revealed significant differences in humble leadership skills when respondents were grouped according to age and education. While significant differences also existed in the presence of perceived insider status when respondents were grouped according to working life. Results showed that humble leadership positively predicted creative deviance behavior and that perceived insider status did not moderate this relationship. Humble leaders who exhibit self-awareness, appreciation of others, and teachability are more likely to create an environment where creative deviance behavior is encouraged and supported. When employees feel valued, respected, and supported by their leaders, the individual who is actively generated are more likely to engage in creative deviance behaviors to challenge the status quo and push the organization forward. Although the organization does not formally support it or top management often ignores it, but may be mitigated by humble leaders who are willing to take risks and support their subordinates in pursuing innovative ideas, encouraging them by creating a safe space for subordinates more likely to generate ideas and engage in creative deviance behavior.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Investigating the Role of Green Accounting, Firm Size, and Board Size in Corporate Social Responsibility: Towards Sustainable Transparency Disclosure","authors":"Mumtaz Jiddan, D. W. Hapsari","doi":"10.35313/ijem.v3i3.4990","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4990","url":null,"abstract":"The objective of this study is to examine the influence of green accounting, firm size, and board size on corporate social responsibility disclosure in primary consumer sector companies listed on the IDX for the period of 2021–2022. Green accounting, firm size, and board size are considered as independent variables, while corporate social responsibility disclosure is the dependent variable under investigation. This research employs both descriptive and verificative research methodologies, and the sample consists of 120 consumer sector companies listed on the IDX during the specified period. The purposive sampling technique is utilized to select a final sample size of 45 companies. The Eviews program was used for panel data regression in the employed data analysis technique. The research data is based on secondary sources, specifically annual reports and sustainability reports. The findings indicate that board size has a negative impact on corporate social responsibility disclosure, whereas green accounting and firm size do not demonstrate any significant influence.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"76 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Meta-Analysis of Forecast Analysis on Stock Price","authors":"Evelyn Angela Hananto, Vena Purnamasari","doi":"10.35313/ijem.v3i3.5013","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.5013","url":null,"abstract":"Analysts' views on economic risk can be an important part of an investor's investment decision-making process. Several researchers have conducted research on analyst forecasts and stock prices. However, we need to look at the consistency of the results of previous studies in order to draw general conclusions. This must be done to prove whether analyst forecasts affect stock prices. The consistency of results in this study was determined using a meta-analysis method. This method is supported by the CMA (Comprehensive Meta-Analysis) software. Meta-analysis provides an estimate of the effect size to measure the relationship between the independent variable (analyst forecast) and the dependent (stock price). The heterogeneity test results show that I-squared is > 50 percent, which means high heterogeneity. The correlation analysis results show a p-value of 0.004, meaning that analyst forecast studies on stock prices are heterogeneous. Heterogeneity refers to differences in data within each study or between major studies. The results in this study are heterogeneous, caused by high sampling error when the research location for each sample is different due to differences in economic conditions. Therefore, analyst forecasts have an effect on stock prices.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sharia Stocks in Times of Crisis: A Study on the Influence of Macroeconomic Factors during the Covid-19 Pandemic","authors":"Fifi Afiyanti Tripuspitorini, Setiawan Setiawan, Rani Ayu Kusuma Dewi","doi":"10.35313/ijem.v3i3.5662","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.5662","url":null,"abstract":"Indonesia offers various sharia-compliant stock options, with the Indonesian Sharia Stock Index (ISSI) being one such alternative. While ISSI instills confidence in investors by aligning with sharia principles, it does not automatically shield itself from macroeconomic challenges. Therefore, it remains crucial to consider macroeconomic factors when investing in Islamic stocks, especially amid the uncertainties of the Covid-19 pandemic. This study aims to explore the impact of macroeconomic factors on Islamic stock prices during the pandemic, employing a quantitative approach with secondary data. The variables encompass ISSI price (dependent), along with inflation, interest rates, and exchange rates (independent). The research involves descriptive statistics and Structural Equation Modeling (SEM) for inferential analysis, facilitated by the WarpPLS application. The findings reveal that, amid the Covid-19 pandemic, only the interest rates variable significantly and negatively influences ISSI.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Exploring The Effects of Environmental, Social and Governance (ESG) on Banking Performance: A Case Study of Far East Asia","authors":"Adhiguna Wijaya Indrasuci, R. Rokhim","doi":"10.35313/ijem.v3i3.4915","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.4915","url":null,"abstract":"Extensive research has focused on the connection between ESG and banking performance. However, a literature gap exists in the study of the influence of ESG disclosures on the banking and financial services sector, particularly in Far East Asia and ASEAN countries compared to Europe and North America. This study addresses this gap by employing data panel regression to investigate how environmental, social, and governance (ESG) factors affect bank performance in these regions. We analyze the correlation between ESG performance and various measures of bank performance: return on assets (ROA), return on equity (ROE), Tobin's Q, and Stock Return. Our findings reveal that stronger ESG performance in banks tends to have a negative impact on financial, operational and market performance. This research contributes to the existing literature on the relationship between ESG factors and banking performance and offers valuable insights for policymakers, investors, and banking practitioners in Far East Asia.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effectiveness of Using Instagram Social Media on Increasing Harapan Island Tourist Visits Thousand Islands","authors":"Anita Destiani, D.M. Darmawati","doi":"10.35313/ijem.v3i3.5276","DOIUrl":"https://doi.org/10.35313/ijem.v3i3.5276","url":null,"abstract":"Social media has a major influence on the tourism sector, this is because the tourism sector is considered a profitable sector and has great potential to be developed as an asset that is used as a source of income for an area. Harapan Island is one of the tourist attractions that visitors are interested in, therefore social media is needed to become a marketing medium. This study aims to determine the effectiveness of using Instagrsm social media to increase tourist visit to Harapan Island, the Thousand Islands. The population in this study are the owners of Harapan Island travel tours. The research sample was taken using the total sampling method. A total sample of 54 owners of Harapan Island travel tours was obtained. The research methodology in this study used an experimental method with a quantitative approach. The data analysis technique used is simple linear regression using JASP (Jaffrey’s Amazing Statistics Program) software.  The result of this study indicate that Harapan Island tourism is influenced by Instagram social media and can explain the variation in the Harapan Island tourism variable by 51.4%. The magnitude of the ciefficient of determination (R2) is 0.0265 or 26.5%. Meaning that the variation of Harapan Island tourism variable is 26.5%. While the rest influenced by other variable that are not include in this research’s simple linear regression equation.","PeriodicalId":314344,"journal":{"name":"Indonesian Journal of Economics and Management","volume":"100 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139353650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}