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Halal Labeling and Product Quality on Purchase Intention of Halal Food MSMEs: The Role of Consumer Trust as an Intervening Variable Salsabila, Amalia; Syarifudin , Efi; Sudrajat, Budi; Peristiwo, Hadi; Suja'i, Suja'i; Najmudin, Najmudin
Lan Tabur: JURNAL EKONOMI SYARIAH Vol. 7 No. 2 (2026): (March)
Publisher : LAN TABUR: Jurnal Ekonomi Syariah The Islamic University of KH. Achmad Muzakki Syah Jember, East Java. Jember Jln. Manggar Gebang Poreng 139A Patrang Jember Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53515/lt.v7i2.176

Abstract

ABSTRACT Introduction: The halal industry has grown rapidly and has become an important sector in the global economy. Halal products are not only associated with religious obligations for Muslim consumers but are also considered indicators of product quality, safety, and credibility. This study aims to examine the effect of halal labeling and product quality on purchase intention of halal food Micro, Small, and Medium Enterprises (MSMEs), with consumer trust as an intervening variable. Methods: This research employs a quantitative approach using data collected from 100 respondents who have purchased or consumed halal food products from MSMEs. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). Results: Product quality significantly influences consumer trust, while halal labeling does not. However, halal labeling directly affects purchase intention. Product quality does not directly influence purchase intention but has an indirect effect through consumer trust. Consumer trust significantly affects purchase intention and mediates the relationship between product quality and purchase intention, but not between halal labeling and purchase intention. Conclusion and Suggestion: Product quality plays a key role in building consumer trust, which drives purchase intention, whereas halal labeling primarily acts as a direct cue in purchasing decisions. Therefore, halal food MSMEs should focus on maintaining product quality while ensuring credible halal certification.
The Role of Perceived Value in Mediating the Effect of Islamic Branding, Online Customer Reviews, and Price on Halal Cosmetic Purchase Decisions among Muslim Consumers in Serang City Karomah, Karomah; Peristiwo, Hadi; Ferieka, Hendrieta; Suryani, Suryani; Maskuroh, Nihayatul
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.9845

Abstract

The growth of the halal cosmetics market in Indonesia is driven by increasing awareness among Muslim consumers of halal aspects, product safety, and quality, as well as by digital information and perceived value in the purchase decision-making process. This study aims to analyze the role of perceived value in mediating the effects of Islamic branding, online customer review, and price on halal cosmetics purchase decisions among Muslim consumers in Serang City. The research employs a quantitative approach, with data collected through questionnaires distributed to 100 respondents selected using purposive sampling. Data analysis was conducted using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with the assistance of the SmartPLS application. The results indicate that Islamic branding, online customer reviews, and price have positive and significant effects on halal cosmetics purchase decisions. These three variables also have positive and significant effects on perceived value. Furthermore, perceived value is proven to have a positive and significant effect on purchase decisions and to mediate the influence of Islamic branding, online customer reviews, and price on halal cosmetics purchase decisions. These findings suggest that perceived value plays a strategic role in integrating religious, informational, and economic factors in shaping Muslim consumers’ decisions regarding halal cosmetic products.
The Impact of Working Capital Management, Cash Flow Volatility, and Leverage on Financial Sustainability Mulyono, Sri; Rachman, Zamhuri; Septiatin, Aziz; Peristiwo, Hadi
Journal Management & Economics Review (JUMPER) Vol. 3 No. 10. 1 (2026): Special Issue: Call For Paper JUMPER
Publisher : Malaqbi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v3i10. 1.1032

Abstract

This study aims to examine the impact of working capital management, cash flow volatility, and leverage on financial sustainability. In an increasingly uncertain and competitive business environment, financial sustainability has become a critical objective for firms seeking long-term stability and growth. This research adopts a quantitative approach using panel data collected from companies listed on the Indonesia Stock Exchange (IDX) over the period 2020–2024. The sample was selected using purposive sampling, resulting in firm-year observations that meet the research criteria. Data were analyzed using panel data regression with the Fixed Effect Model, following the results of model selection tests. The findings reveal that working capital management has a positive and significant effect on financial sustainability, indicating that efficient management of short-term assets and liabilities enhances liquidity and supports long-term financial stability. In contrast, cash flow volatility has a negative and significant effect, suggesting that fluctuations in cash flows increase financial uncertainty and weaken a firm’s ability to sustain operations. Similarly, leverage is found to have a negative and significant impact on financial sustainability, implying that excessive reliance on debt increases financial risk and reduces resilience. Additionally, control variables such as firm size, profitability, and growth are shown to positively influence financial sustainability. Overall, this study highlights the importance of effective financial management practices in achieving financial sustainability. Firms are encouraged to optimize working capital efficiency, stabilize cash flows, and maintain prudent leverage levels to enhance long-term performance and resilience. This research contributes to the literature by providing an integrated analysis of key financial determinants of sustainability and offers practical implications for managers and policymakers in improving financial decision-making.