Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal DIJB (Diponegoro International Journal of Business) Inovbiz : Jurnal Inovasi Bisnis
Arum Pujiastuti
Universitas Negeri Surabaya
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Does sharia compliance enhance ESG performance to better firm performance? Arum Pujiastuti; Siti Abdillah Nurhidayah; Tri Joko Sulistiyanto
Diponegoro International Journal of Business Vol 7, No 2 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.2.2024.177-190

Abstract

This study investigates the influence of ESG and Sharia compliance on firm performance Current literature provides various findings explaining the effect of ESG on firm performance. The question arises as to whether compliance with Sharia, known for its ethical principles that share similar objectives with ESG, can enhance firm performance. This study introduces a novel approach by integrating the Sharia label to explore the relationship between ESG and firm performance, a topic not extensively covered in the literature, particularly in the context of Indonesia. This study employs a panel regression model with fixed effects using data from 235 firm-year observations of non-financial firms to estimate the results. The findings indicate a negative impact of ESG on firm performance. However, this study did not confirm the influence of Sharia on firm performance. To alleviate negative effect of ESG, companies could prioritize more efficient and impactful ESG practices.
Love of Money, FOMO, and Investment: The Role of Social Media Influencers Arum Pujiastuti
Inovbiz: Jurnal Inovasi Bisnis Vol 13 No 1 (2025)
Publisher : P3M Politeknik Negeri Bengkalis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35314/inovbiz.v13.i1.597

Abstract

This study examines the influence of Love of Money (LoM), Fear of Missing Out (FOMO), and the moderating role of social media influencers (SMIs) on investment decision. Given the recent surge in capital market participation by millennials and Gen Z, this research aims to identify behavioral factors driving investment decisions. Utilizing a quantitative survey, findings indicate that FOMO significantly impacts investment intentions (p=0.004). Conversely, Love of Money (p=0.430) and the direct influence of SMIs (p=0.712) were not statistically significant predictors. Crucially, a significant interaction was found between SMIs and FOMO (p=0.000), demonstrating that SMIs substantially amplify FOMO's effect on investment intentions. No significant interaction was observed between SMIs and LoM (p=0.204). These results highlight FOMO's potent role, especially when amplified by social media exposure, in shaping young investor behavior. The study recommends enhanced financial literacy and ethical conduct among SMIs to encourage prudent investment practices, mitigating risks from FOMO-driven decisions.
Co-Authors Siti Abdillah Nurhidayah Tri Joko Sulistiyanto