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Eko Susanto
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integrasi.sains.media@gmail.com
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+6288218734725
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integrasi.sains.media@gmail.com
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Jl Pojok No. 1 - Lembang, Bandung Barat, Indonesia
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INDONESIA
Journal Integration of Management Studies
Published by Integrasi Sains Media
ISSN : 2988389X     EISSN : 2988389X     DOI : 10.58229/jims
Core Subject : Science,
Journal Integration of Management Studies (JIMS) is an academic journal in the field of business published by Integrasi Sains Media, Indonesia. This journal intends to foster and stimulate the exchange of scholarly thought on applied business research issues among professionals and academics worldwide. JIMS welcomes articles in all areas of science management, both applied and theoretical. Theoretical articles must link theory and essential and exciting management applications. This journal is an open-access journal that can be of essential reading for academic researchers and business professionals. Articles may include but are not limited to: 1. marketing management 2. finance management 3. human resources management 4. strategic management 5. tourism management 6. entrepreneurship 7. operational management.
Articles 33 Documents
Bibliometric Analysis of Islamic Finance Within the Halal Sector Industry Dini Lestari; Sudarso Kaderi Wiryono
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.12

Abstract

The possibility of integration between the halal industry and with Islamic financial system can compromise the moving-forward promising business processes that are eligible on the Sharia principle. With the potential for the global, especially the pioneer from predominantly Muslim countries, Islamic finance in the halal industry may be one of the key enablers to support the implementation of growing markets worldwide. This study explores the bibliometric characteristics and trends of Islamic finance and halal business publications indexed in Scopus, Taylor & Francis, ProQuest, Google Scholar, and Crossref. Data were extracted from the five databases used in the paper's research, and free, unbiased searches of all publications published between 1997 and the present were conducted. The terms "Islamic finance" and "halal industry" were employed in this study. The study's methodology is a bibliometric analysis utilizing simple statistical approaches utilizing VOS-viewer software. This analysis discovered trends in document citations, co-citation connections, keyword co-occurrence, and bibliographic coupling. According to the bibliometric investigation, Malaysia and other Muslim-dominated nations produce most journal articles on halal items and Islamic finance. However, most citations come from non-Muslim countries like the United Kingdom. Furthermore, the economic and corporate environment is becoming increasingly important. Economic growth and development of the halal industry with the principle of Islamic finance are substantial as long they get the point of potential in the resource of their countries, not only in the Major-Muslim countries but also non-Muslim countries with promoting the benefits of shariah law. Based on the exciting outcomes, the methodology concern can be chosen as the literature gap in Islamic finance and halal industrial topics.
Stability, Liquidity, Efficiency, and Profitability After Spin-off Implementation: Evidence from Indonesian Islamic Banking Industry Aqilla Dhianir Rahman Panca; Oktofa Yudha Sudrajad
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.13

Abstract

The business-unit Islamic bank was forced to separate from its parent company according to Banking Act No. 21 of 2008 that issued by the Indonesian Central Bank. However, the Development and Strengthening of the Financial Sector Act No.4 of 2023 have allowed them not to convert themselves into full-fledged Islamic banks with certain conditions. Thus, doing spin-offs will be appealing if it is beneficial for them. However, the benefit of converting a business-unit Islamic bank spin-off into a full-fledged Islamic bank has yet to be entirely evident. This study aims to determine how spin-off affects the stability and financial performance, covering the profitability, efficiency, and liquidity of spin-off business-unit Islamic banks in Indonesia. Using difference-in-difference (DID) analysis, this study examined four spin-off full-fledged Islamic banks as the treatment group and twenty business-unit Islamic banks as the control group from 2005 to 2019. The parameter used are return on equity (ROE), cost-to-income ratio (CIR), financing-to-deposit ratio (FDR), quick ratio (QR), and Z-score. The result indicates that profitability and efficiency are decreasing, while the liquidy kept increasing after the spin-off undertaking. However, the stability has not been found to have evidence of significant differences after spin-off implementation.
Digging Companies Crucial Aspect Measurement: Risk Maturity Level, Assessment of XYZ Bank Vincentia; Kurnia Fajar Afgani; Marziana Marzuki
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.14

Abstract

Risk management is an important aspect to be owned by companies and measured through risk maturity level to utilize opportunity and minimize losses in processes with uncertainty or potential for two or more possibilities to happen. This research aims to measure one of the banking state-owned corporations' risk maturity levels to measure implementation, readiness, and maturity, and application of risk management according to Indonesia’s regulations from Otoritas Jasa Keuangan, Kementerian BUMN, and Bank Indonesia regarding risk management in the banking industry. The main framework used is risk maturity level from ISO 31000:2018, with five indicating levels: initial, managed, defined, quantitatively managed, and optimized. This study uses a mixed method in data collection. Primary data will be collected quantitatively through questionnaires for the company employees, and qualitatively through interviews with related divisions, which in this research is the Enterprise Risk Management Division and divisions which are working in the risk management implementation process. While the secondary data will be collected through documents related to risk management processes. All data will be measured through weighting and Analytical Hierarchy Method. To get the company’s risk maturity level, criteria from each level according to ISO 31000:2018 must be fulfilled. As a company in a high-regulated industry and high-risk level due to the trust-based business model and its impact to internal and external parties, the company is expected to have a high level of risk maturity level, which is in level four (quantitatively managed) or level five (optimized). The expected findings from this study are improvements and suggestions for companies who want to increase or maintain their maturity level, and for the next researchers.
The Effect of Liquidity, Leverage, Operating Capacity, Profitability, and Sales Growth as Predictors of Financial Distress : (Property, Real Estate, and Construction Services Companies Listed on the IDX) Agil Krisna Rivanda; Kurnia Fajar Afgani; Radia Purbayati; Marziana Madah Marzuki
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.15

Abstract

This paper begins with analyzing financial ratios by examining the effect of liquidity, leverage, operating capacity, profitability, and sales growth as predictors of firms' financial distress risk. The study employs a statistical method (logit model). Using 38 property, real estate, and construction services firms listed on the Indonesia Stock Exchange between 2016 and 2022, 646 observations were collected and analyzed using logistic regression. The results show that leverage, operating capacity, and profitability positively and significantly influenced predicting financial distress risk, while liquidity and sales growth do not affect predicting financial distress risk. The result of model calcification accuracy is 84%; this shows that the model can accurately predict the financial distress risk of property, real estate, and construction services companies in the study period of 543 observations from 646 observations or 84%. This study concludes that profitability, leverage, and operating capacity influence the financial distress risk on property, real estate, and construction services companies.
Does Pop Culture Trend Drives Brand Awareness on Purchase Intention? A Case Study of the Squid Game Movie Series on Dalgona Candy Marsha Rachmanda Putri; Atik Aprianingsih; Jovanska Arfianda Imran; Rahmat Ridlo Aminuddin
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.16

Abstract

This study investigated the inclination between the pop culture trend of squid game movies to Dalgona candy purchase intention. The statistical population includes millennials familiar with Korean drama and those who watched the Squid Game movie series in particular. 130 people were selected by random sampling to respond to a research questionnaire. Variables were analyzed by multiple regression analysis using validity and reliability measurement through Cronbach's alpha from SPSS and RStudio to find the intercept between brand awareness and trend theory variables. Findings stated that both variables positively impact Dalgona Candy Purchase Intention. However, The variable of Trend Theory does not have a significant impact on Dalgona Candy Purchase Intention. Meanwhile, brand awareness is not the key to purchase intention despite having a positive effect.
Does the Age of Board Members Affect Firms' Financial Performance? A Case of ESG Leader Companies in Indonesia Gisyla Oktaviana Rusadi; Tuntun Salamatun Zen
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.17

Abstract

A lot of scholars across the globe have attempted to investigate the effects of board diversity towards firms’ financial performance and yielded inconclusive results. In this paper, the author aims to discover the effects of one of the board diversity attributes on firms’ financial performance in Indonesia, namely age diversity (measured by standard deviation) as well as the variables surrounding the board members' ages (average age and the presence of millennials). Purposive sampling method is used to select the research sample, which resulted in 41 companies which are listed in the ESG Sector Leaders IDX KEHATI index. The time frame of the observation is from 2018 to 2022. By using panel data regression, the author finds out that age diversity on BOC has a positive relationship with ROA, average age of BOC has a negative relationship with ROE, while the presence of millennials on BOD & BOC combined has a positive relationship with ROA. The negative association between average age and ROE indicates that boards with a younger average age outperform boards with an older average age. However, interestingly, the board members' age does not have any significant effect on the financial performance indicator which reflects the market perspective as measured by Tobin's Q.
Identifying Customers’ Barriers in Buying Sustainable Beauty Products Fanny Peyton; Mustika Sufiati Purwanegara
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.18

Abstract

Customers' deeper understanding of environmental issues plays a role in the swift growth of sustainable beauty enterprises. The desire of consumers to purchase sustainable beauty products have also increased, according to studies. Due to the pandemic, the sustainable beauty market is likely to rise in the next years as people strive for a healthier, more environmentally conscious lifestyle. Firms are also continually producing inventive products to satisfy the demands of their clients and to keep up with the rising competition. Researchers revealed how sustainable practices can increase brand loyalty and help firms succeed in more competitive surroundings. Other experts, on the other hand, have noted that even knowledgeable clients to environmental issues are not purchasing these sustainable products. Negative customer perceptions emerge, and it is unclear how their behavior will alter. This study uses qualitative method through thematic analysis in obtaining the data. The form of data is statements from online conversations from social media and beauty communities. This study discovered the barriers to buy from customers’ view, include the difficulty to search for suitable products for their skin, expensive price of product compared to its quality, low trust to brands, poor product quality, poor product hygiene, and bad production process management by firms. These barriers are also related to how they are more aware of green washing marketing methods. These insights would be beneficial for beauty firms who are willing to gain new target markets by emphasizing brand communication and practices that would decease customers’ concerns towards sustainable brands and lead them to product purchase. Firms could improve their product innovation to increase its performance, quality, and effectiveness to attract customers by also communicating their sustainable practices through their communication in the form of advertisements, value proposition, or product positioning. Keywords: sustainable beauty, product purchase, barriers to buy
Market Reaction To The Announcement Of The European Union Coal Embargo On Coal Import From Russia In Other Exporting Countries Nabila Rahayu
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.19

Abstract

European Union announced the fifth sanctions package against Russia in April 2022, a ban on coal imports from Russia to the EU. The EU seeks to find an alternative country to fulfil the country's demand for coal commodities. In this case, South Africa experienced the highest increase in coal supply volume to European countries compared to other coal suppliers. The increase in coal import volume makes South Africa the possible alternative to fulfil coal demand for European countries. Therefore, as there is a huge increase in supply volume, the author intends to investigate whether or not there is an impact on the stock market in the alternate country. This research analyses the market reaction to the EU coal embargo on coal stocks as reflected in abnormal return and trading volume activity in the alternative country, South Africa. The analysis uses the stock price and volume of listed coal companies in South Africa before and after the announcement of the EU coal embargo. The researcher used an event study approach with an event window of 10 days before and 10 days after the announcement to calculate the abnormal return and trading volume activity, while the estimated period was set to be 100 days to calculate the expected return. The step analysis conducted in this study is to test the normality of the data first and then assess the hypothesis testing. This study's results show no significant difference in abnormal return and trading volume activity before and after the announcement. This result might happen because the EU had given a signal by proposing a far-reaching ban across Russia's energy sector through the fourth sanctions; thus, investors might have predicted the event in advance.
The Impact of Employee Engagement, Job Satisfaction, and Compensation and Benefits towards Gen Z’s Employee Performance in PT. XYZ Nathaniel Fernando; Umi Zuraida
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.21

Abstract

PT. XYZ is a pioneer in the travel agency, and their primary goal is to reduce the time and complexity of traveling. As a company that consistently improving their human resource management system, it is considered that in order for a firm to excel in employee performance, it must guarantee high levels of employee engagement, job satisfaction, compensations and benefits, particularly for the Gen Z, the incoming generation of workers who will soon hold the majority position in the emerging labor force. This study will attempt to pinpoint and analyze the relationship and influence between employee engagement, job satisfaction, and compensation and benefits in relation to Gen Z workers' productivity on PT. XYZ. Data for this study will be collected from 63 respondents, selected from PT. XYZ Gen Z employees from various directorates with the minimum requirements of having a bachelor degree who have met the company's requirements for employee performance. This research will use a quantitative approach through a shared questionnaire. For the data analysis, the method of multiple linear regression will be used, using the SPSS tools to analyze the data. According to the study, PT. XYZ's Gen Z employees' performance is not positively and significantly impacted by employee engagement, job satisfaction, and compensation and benefits when these factors are considered separately. Instead, these factors must be combined as a whole to have a significant impact on employee performance. With the help of these insights, PT. XYZ may take the necessary action to ensure that staff performance is maximized.
E-Commerce Platforms as Business Agility Reinforcement To Compete In The Market: Cases Of Indonesian MSME Aisha Salsabila Tisyani; Dedy Sushandoyo
Journal Integration of Management Studies Vol. 1 No. 1 (2023)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v1i1.23

Abstract

Despite having many vulnerabilities for being small, around 99.99% of businesses in Indonesia belong to the MSME category. Many companies consider going digital to face vulnerabilities such as limited resources, fierce competition, and environmental changes. Among all the different approaches to Digital Transformation, adopting a digital business ecosystem like an e-commerce platform is more suitable for MSMEs for its source and cost efficiency. However, only around 19% of the total number of MSMEs in Indonesia have adopted a digital business ecosystem by using e-commerce platforms. This study explores the impacts e-commerce platforms brought to various business aspects in MSMEs and whether e-commerce adoption help reinforce MSMEs' business agility to remain competitive in the market. To reach the aim of the study, we used qualitative research by interviewing six small business owners utilizing e-commerce platforms. The findings of this study show that adopting an e-commerce platform has generated changes that positively impact four business aspects: business operation, organization, marketing, and product development. These changes signify an improvement in agility. By gaining this knowledge, we hoped this study could serve as a guide to motivate more MSMEs to venture into the digital realm through e-commerce platforms.

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