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All Journal Ekonomi Bisnis Journal Multicultural of Islamic Education Journal of Enterprise and Development (JED) International Journal of Multidisciplinary Approach Research and Science Journal of Business Management and Economic Development
Muhammad Masyhuri
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Religion Agriculture, Biological Sciences & Forestry Chemical Engineering, Chemistry & Bioengineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Immunology & microbiology Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Social Sciences Other

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Nudge Concept and its Controversy - The Behavioural Economics Applications Masyhuri, Muhammad
Journal of Business Management and Economic Development Том 1 № 03 (2023): September 2023
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i03.183

Abstract

Over the decades, the nudge idea of behavioural economics (BE), disseminated by Thaler & Sunstein (2008) in their well-known book, has generated controversial views among many academics and scientists around the world. As an application area of behavioural economics (BE), nudge theory and the nudge concept has found many supporters, but at the same time has generated controversial views among many academics and scholars around the world, especially with regard to its broad definition, decision-making architectures, and libertarian paternalism concepts. Interestingly, this concept has attracted a lot of attention from key government officials, especially in the UK and the US, to change the behaviour of the population to a significant extent. The aim of this study is to discuss the nudge concept and its application to current situations and also to shed light on the critical views of this concept. It was found that this concept, although it has many critics, is considered a useful tool to change the behaviour of people or customers without using coercive measures to achieve the desired result.
Can the behavioral agency model refine a standard agency theory? Masyhuri, Muhammad
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i2.9695

Abstract

Purpose — The existence of agency problems is widely recognized in various academic fields. Nevertheless, as argued by many scholars, agency theory has obvious shortcomings both theoretically and empirically. The aim of this study is to analyze and compare the conventional Standard Agency Theory (SAT) and the Behavioral Agency Model (BAM) as a refined framework of an agency model.Method — The methods used for this study were descriptive analysis, involving the review and comparison of the work of Wiseman & Gomez-Mejia (1998) and Pepper & Gore (2015). The technique employed and proposed for this method is to analyze and compare the relevant elements between SAT and BAM.Result — It is found that BAM can provide a better framework for modifying and understanding such agency problems in organizations, particularly in terms of human factors, organization, and information assumptions that are considered to balance the roles of the principal and the agent as actors in the organization.Contribution  — This study contributes to the body of knowledge by refining the old and conventional standard agency theory (SAT) and introducing BAM as a new concept. BAM sheds light not only on the roles of actors and organizations but also on the application of a behavioral economics approach to provide a robust and rigorous method for analyzing "agency problems" in organizations, especially in private business families around the world.
Analysis of the Simultaneous Problems of Poverty and Gross Domestic Product (GDP) as Macroeconomic Factors in a Developing Country Masyhuri, Muhammad
International Journal of Multidisciplinary Approach Research and Science Том 1 № 03 (2023): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v1i03.228

Abstract

When analysing macroeconomic factors using an econometric approach that attempts to determine the successful economic development of countries, such as in the analysis of poverty and gross domestic product (GDP), problems have been repeatedly encountered in considering the variables involved simultaneously. To overcome this problem, it is necessary to use the two-stage least squares (2SLS) method as the best estimator by applying the simultaneous equation model. The objective of this study is to analyse the simultaneous equation model between poverty and GDP in a developing country such as Indonesia. The macroeconomic data sources used for this study are secondary time series data from 1990 to 2017 obtained from Indonesia Statistics Agency, IMF, UNDP and World Bank. The result shows that there is strong evidence that poverty and GDP act simultaneously or endogenously in the model. From the results, it is recommended that in order to achieve higher GDP in the future, the Indonesian government should pay more attention to alleviating poverty rates, reducing unemployment rates, lowering merchandise imports, and improving economic growth in addressing macroeconomic problems in the country.
Effect of Leverage and Net Profit to the Firm Performance in Indonesia’s Small Medium Enterprises (SMEs) Listed Firms Masyhuri, Muhammad
International Journal of Multidisciplinary Approach Research and Science Том 2 № 01 (2024): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v2i01.306

Abstract

Whether large corporations or small medium enterprises (SMEs), it is of utmost importance for all companies to achieve good firm’s performance in order to secure their existence in the economy, especially as publicly traded companies. The purpose of this study is to investigate the impact of firm’s leverage and net profit on the performance of listed SMEs in Indonesia. A total of 148 samples of secondary data used for this study were obtained from the Pefindo25 SME Index for companies listed on the Indonesian Stock Exchange from 2012 to 2017. The result shows that the two independent variables, the leverage and net profit, have a significant impact on the firm performance of SMEs, in opposite directions; the leverage variable has a negative significant impact on firm performance, while the variable net profit has a positive impact on firm performance.
The Double-Edged Sword of Charismatic Leaders: Does The Current Organization Still Need Them? Masyhuri, Muhammad
Ekonomi Bisnis Ekonomi Bisnis, Volume 27, No.1, March 2022
Publisher : Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/um042v27i1p1-11

Abstract

The concepts of charisma and charismatic leaders become the attention of many scholars from various academic disciplines and become a controversial topic due to the double-edge impacts, especially in today’s world when the use of Internet of Things (IoT) is widespread through social media.. It leads to some questions: 1) do today's businesses and organizations still need a charismatic leader? 2) What are the best practices and traits that charismatic leaders should adopt in today's organization?This paper reviewed these types of leaders and explained the organizational and business roles, the best practices, and the qualities of such leaders. This paper also explained both the advantages and disadvantages of charismatic leaders. The researchers reviewed the best practices and qualities of charismatic leaders based on relevant publications and examples from scholars. The researchers recommended future field research reveal the correlation between charismatic leaders and young audiences in this "social media millennial" era.
INTEGRASI NILAI MULTIKULTURAL DALAM PENDIDIKAN AGAMA ISLAM: STUDI PERBANDINGAN KONSEPTUAL ANTARA PEMIKIRAN BARAT DAN TRADISI ISLAM Maulana Malik Ibrahim; Muhammad Hasyim Asyari; Mambaul Usulil Khikmah; Muhammad Jakfar; Muhammad Masyhuri; Isyatil Fitri
Journal Multicultural of Islamic Education Vol 9 No 1 (2025)
Publisher : Pascasarjana PAI Multikultural Universitas Yudharta Pasuruan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/f9y56s88

Abstract

This conceptual and comparative study examines the integration of multicultural values within Islamic Religious Education (PAI) as an essential foundation for fostering inclusive, tolerant, and humanistic education. It aims to explore how the principles of multicultural education in Western thought correspond to and differ from the fundamental Islamic teachings derived from the Qur’an and Hadith. The discussion focuses on the compatibility between Western multicultural values such as equality, pluralism, and social justice and Islamic values of adl (justice), tasamuh (tolerance), tawazun (balance), and tawassuth (moderation). The study concludes that the integration of multicultural values into Islamic education should be carried out conceptually through curriculum development, pedagogical strategies, and moral exemplarity based on Qur’anic guidance and propethic and practice. This research uses a literature review method through searching national and international scientific journals, books on multicultural education theory, classical and contemporary PAI literature, and academic articles from 2015–2024. The analysis was conducted using a descriptive-comparative approach to identify conceptual similarities and differences between the two perspectives.
Co-Authors Isyatil Fitri Jakfar, Muhammad Mambaul Usulil Khikmah Maulana Malik Ibrahim Muhammad Hasyim Asyari Nadiyya, Ahsana Sylvana, Gresika Bunga