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All Journal Indonesian Journal of Halal Research International Journal of Islamic Business and Economics (IJIBEC) Jurnal Simki Economic
Agus Arwani
Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan
Religion Biochemistry, Genetics & Molecular Biology Economics, Econometrics & Finance Environmental Science Medicine & Pharmacology Other

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The Role and Contribution of The New Institutional Economics In Economic System Performance Agus Arwani; Unggul Priyadi
Jurnal Simki Economic Vol 7 No 1 (2024): Volume 7 Nomor 1 Tahun 2024
Publisher : Universitas Nusantara PGRI Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jse.v7i1.508

Abstract

This study investigates new institutions' contributions and economic implications in current economic developments. This study uses a qualitative approach with a literature study method. The study illustrates key thought concepts and relevant works from figures such as Douglass North, Elinor Ostrom, Oliver Williamson, Ronald Coase, and Avner Greif through analysis of various reference sources, including books, journal articles, and other related publications. The results of the literature study show that New Institutional Economics has an essential contribution to understanding the role of formal and informal institutions in shaping economic behavior and Performance. Legal institutions, such as laws, regulations, and public policies, provide the framework for economic interactions, literature study results whereas informal institutions, such as norms, beliefs, and social networks, influence individual economic decisions. The importance of institutions and organizations in improving economic efficiency and overcoming problems arising in the economic system is also highlighted in this study. In the context of New Institutional Economics, institutions and organizations act as mechanisms for reducing transaction costs, resolving conflicts, and increasing trust and cooperation among economic actors. Its theoretical implications strengthen an understanding of how institutions and organizations can shape economic behavior and Performance. In contrast, its practical implications can provide direction for more relevant and effective public policies addressing economic and social problems.
Capital Market Development, ICT Adoption, and Sustainable Growth of MSMEs in Nigeria: An ARDL Approach Aisha Abdulaziz; Sudha Mavuri; Jamiu Adeniyi Yusuf; Agus Arwani; Happy Sista Devy
International Journal of Islamic Business and Economics (IJIBEC) Vol 9 No 2 (2025): Volume 9 Nomor 2 Tahun 2025
Publisher : Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v9i2.12504

Abstract

This study examines the impact of capital market development and information and communication technology (ICT) adoption on the growth and sustainable development of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria within the framework of the Sustainable Development Goals (SDGs). Given the critical role of MSMEs in employment creation, income generation, and inclusive economic growth, the study investigates whether capital market deepening and digital transformation significantly enhance enterprise performance and long-term viability. Using the Securities and Exchange Commission (SEC) as an institutional reference, the analysis employs the Autoregressive Distributed Lag (ARDL) cointegration approach to estimate both long-run and short-run relationships among market capitalization, ICT penetration, financial inclusion, inflation, and MSME output. The empirical findings confirm the existence of a stable long-run relationship among the variables. Capital market development exerts a positive and statistically significant effect on MSME growth, indicating that improved access to market-based financing supports enterprise expansion and productivity. ICT adoption also demonstrates a strong and significant positive impact, highlighting the role of digital technologies in enhancing operational efficiency, market access, and competitiveness. However, sustainable development indicators exhibit mixed effects on MSME outcomes, suggesting a misalignment between macro-level SDG implementation strategies and enterprise-level realities. Overall, the results underscore the importance of strengthening ICT infrastructure, deepening capital market accessibility, and promoting inclusive financial systems to enhance MSME resilience and ensure their long-term contribution to sustainable economic growth in Nigeria
Consumer Perceptions of Halal Food as Safer and More Ethical: Evidence from Indonesia and Australia Imam Kanafi; Susminingsih Susminingsih; Heriyanto; Agus Arwani; Farid Saenong; Ahmad Hanif Muntahal Fahmi
Indonesian Journal of Halal Research Vol. 8 No. 1 (2026): February
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ijhar.v8i1.49128

Abstract

This study aims to determine whether factors influencing intention to purchase halal food differ across religious and institutional contexts. This study compares Australia's pluralistic market with Indonesia's halal standards. Specifically, this study assesses the influence of social status, moral attitudes, mood, religious beliefs, trust, and ethical values ​​on purchase intention. Data were collected from 425 halal food consumers (325 Indonesians; 100 Australians) using a purposive sampling method and analyzed using multiple linear regression. The measurement model demonstrated high reliability (Cronbach's alpha = 0.916). The results showed that moral attitudes (β = 0.172; t = 2.657; p = 0.008) and religious beliefs (β = 0.295; t = 2.874; p = 0.004) had a significant and positive effect on purchase intention, with religious beliefs being the strongest predictor. In contrast, social status (β = 0.061; p = 0.238), mood (β = 0.087; p = 0.261), trust (β = 0.050; p = 0.128), and ethical values ​​(β = 0.073; p = 0.307) did not have a significant effect. These findings indicate that moral and religious commitment are the primary factors influencing a person's desire to purchase halal food across institutional environments.
Co-Authors Ahmad Hanif Muntahal Fahmi Aisha Abdulaziz Devy, Happy Sista Farid Saenong Heriyanto Imam Kanafi Jamiu Adeniyi Yusuf Sudha Mavuri Susminingsih Susminingsih Unggul Priyadi