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Mobile Money Adoption, Financial Inclusion, and Hedonism in SMEs Maricar, Rezvanny; Paerah, Ambo; Hastuti, Puji
Journal of Business and Behavioural Entrepreneurship Vol. 8 No. 2 (2024): Journal of Business and Behavioural Entrepreneurship
Publisher : Fakultas Ekonomi, Universitas Negeri Jakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JOBBE.008.2.07

Abstract

This study investigates the role of hedonism as a mediating variable in the relationship between mobile money adoption and financial inclusion among small and medium-sized enterprises (SMEs). The research explores how intrinsic satisfaction derived from using mobile money influences its adoption and impacts financial inclusion, providing a novel perspective on the psychological drivers of financial technology uptake. Utilizing a quantitative approach, data were collected from SMEs via standardized questionnaires, with relationships analyzed through regression and mediation techniques. The findings demonstrate that mobile money adoption significantly enhances financial inclusion, while hedonism partially mediates this relationship. Emotional satisfaction is shown to amplify the impact of mobile money adoption, underscoring the importance of user experience alongside functionality in driving technology adoption. The study concludes that incorporating hedonistic aspects into mobile money platforms can increase adoption rates and enhance the financial inclusion of SMEs. The results provide actionable insights for policymakers and service providers, highlighting the importance of user-centered design and tailored support. Future research should explore additional mediating factors and broader sample populations to further validate and expand on these findings.
Pesantren-Based Entrepreneurial Ecosystem: Contribution of Baitul Maal Wat Tamwil Mahmudah, Sofiyyah; Fajri AF, Muh Shadiqul; Maricar, Rezvanny
Santri: Journal of Pesantren and Fiqh Sosial Vol 6 No 1 (2025): June 2025
Publisher : The Institute of Research and Service Community IPMAFA Pati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35878/santri.v6i1.1691

Abstract

This study aims to examine the role of Baitul Maal wat Tamwil (BMT) Al-Arsyadi in promoting the development of entrepreneurship within the Al-Arsyadi Pesantren environment in Samboja, East Kalimantan. The study employed a descriptive qualitative approach, utilizing data collection techniques that included in-depth interviews, participatory observation, and documentation studies. The study’s results identified three main contributions of BMT in supporting the Pesantren entrepreneurship ecosystem. First, as a provider of business capital, BMT offers access to Sharia financing that supports the sustainable development of pesantren business units. Second, as an integrated financial manager, BMT builds a transparent and accountable financial management system for pesantren. Third, BMT serves as a center for training santri (student) in entrepreneurship, offering practical and applicable Islamic value-based training programs. These findings indicate that BMT is not only a financial institution but also an agent of community-based Pesantren economic transformation. This study recommends strengthening the institutional capacity of BMT, integrating entrepreneurship curriculum into pesantren education, and replicating the model to other pesantren. This study contributes to broadening the understanding of community-based Islamic economics and the role of local institutions in building the economic independence of the community.
Impact of Accounts Receivable Write-Off Policy on Stock Fluctuations of State-Owned Bank Companies Rahmawati; Hishaly GH, Nur; Damirah, Damirah; Wahyuni Nur, Sri; Maricar, Rezvanny; Arismunandar, Andi Patotori
Journal of Institution and Sharia Finance Vol. 8 No. 1 (2025): JUNI
Publisher : Program Studi Perbankan Syariah, IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/joins.v8i1.6982

Abstract

This study aims to examine the impact of the announcement of debt write-off policy on the abnormal returns of state-owned banking stocks. A quantitative method with an event study approach is employed to analyze market reactions to the announcement. The research sample consists of four state-owned banks listed on the Indonesia Stock Exchange, with stock price data collected from December 29, 2023, to November 19, 2024. The findings indicate a negative impact of the debt write-off policy announcement on the cumulative average abnormal return (CAAR), suggesting that investors perceive the policy as unfavorable. This reaction is associated with potential moral hazard in its implementation. The study underscores the importance of transparency and government assurances regarding financial performance in the context of such policies. It also recommends that financial practitioners consider the implications of policy announcements on stock market reactions. This research contributes to the understanding of market efficiency theory in responding to new information and provides insights for policymakers and investors. Future studies are encouraged to explore long-term impacts and incorporate qualitative approaches or additional variables, such as global economic events, to offer a more comprehensive analysis.