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All Journal JOURNAL OF BUSINESS AND ECONOMICS RESEARCH (JBE) Journal of Trends Economics and Accounting Research
Jayana, Agus
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Understanding the Interplay Between Industrial Mining Policy, Innovation, and Firm Business Performance Jayana, Agus; Bin Habidin, Nurul Fadly; Binti Zainol, Zuraidah; Hidayat, Rizky
Journal of Business and Economics Research (JBE) Vol 5 No 1 (2024): February 2024
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v5i1.4695

Abstract

The relationship between industrial mining policy, innovation and firm business performance is the subject of this research paper. The purpose of the study is to explore how innovation can influence business performance and whether Indonesia has a role in changing global markets. The study adopts a cross-sectional design and uses both quantitative research methods as per positivist paradigm, as well qualitative approaches. The collected data is subjected to quantitative analysis using partial least squares structural equation modeling (PLS-SEM). The specific focus of this investigation centers around Indonesian mining firms possessing mining business permits (IUP), with a total sample size of 385 respondents who participated in the survey. The findings indicate all constructs and dimensions are categorized as substantial and have predictive relevance. This study also demonstrates that innovation acts as a mediator between the industrial mining policy and firm business performance, since the path coefficient of the indirect effect of IMP → IN → FBP (0.496) is higher than the direct effect of IMP → FBP (0.323). In sum, this research emphasizes the significance of innovation in enhancing the positive correlation between the industrial mining policy and firm business performance within the Indonesian mining sector. The lessons of this research have practical applications for policymakers and industry stakeholders. Not only do they offer information about how to make money in the Indonesian mining sector, but also findings that help develop viable economic solutions which can be sustained over time. This research can help change the direction of mining toward sustainability and profit, by making clearer just how much innovation effects performance. This paper fills gaps in the current literature by providing helpful insights into innovation and business performance among Indonesia's miners.
Industrial Mining Policy, Innovation, and Firm Business Performance in Indonesia: A Literature Review Jayana, Agus; Nurul Fadly Bin Habidin; Zuraidah Binti Zainol; Hidayat, Rizky
Journal of Trends Economics and Accounting Research Vol 4 No 2 (2023): December 2023
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jtear.v4i2.1094

Abstract

This study uses a qualitative approach in the form of a literature review to explore existing scholarly sources, identifying the most important themes and points of view related to mining policy, innovation and firm performance in Indonesia. The study aims to identify how these factors contribute to sustainable development, improve mining operations, and enhance overall company performance. Existing scholarly sources form the basis of the analysis, which identifies key themes and insights. The results reveal the prominent role of innovation as a mediating link between policy and firm business performance. It is because innovation can help create new methods and technical developments that fill the gap between policy stipulations for mining companies’ success. However, more empirical verification is needed to support these findings. From a practical point of view, companies in the mining sector should target process and product innovation to achieve sustainable competitive advantage. Highlighting technological advancements and environmentally friendly ways of operation can improve operating efficiency and reduce environmental impact while helping one survive in a competitive international market. In sum, this model gives an encompassing view of the link between mining policy, innovation, and company performance; it shows that regulation is a factor in promoting sustainable development.
Co-Authors Bin Habidin, Nurul Fadly Binti Zainol, Zuraidah Nurul Fadly Bin Habidin Rizky Hidayat, Rizky Zuraidah Binti Zainol