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All Journal The International Journal of Accounting and Business Society EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis MIX : Jurnal Ilmiah Manajemen JKBM (JURNAL KONSEP BISNIS DAN MANAJEMEN) Aptisi Transactions on Technopreneurship (ATT) Aliansi : Jurnal Manajemen dan Bisnis MANAJEMEN Jurnal Abdimas Perbanas Jurnal Lemhannas RI Management Research Studies Journal Journal of Central Banking Law and Institutions Amkop Management Accounting Review (AMAR) Enrichment: Journal of Multidisciplinary Research and Development INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Indra Siswanti
Universitas Mercu Buana, Jakarta, Indonesia
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Spiritual Leadership, Sustainable SMEs, and Economic Resilience in Asian Emerging Economies Samrotul Janiah; Indra Siswanti; Agus Arijanto; Anik Herminingsih
Jurnal Lemhannas RI Vol 13 No 3 (2025)
Publisher : Lembaga Ketahanan Nasional Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55960/jlri.v13i3.1288

Abstract

Purpose: This study examines the role of spiritual leadership in strengthening the sustainable performance and economic resilience of MSMEs in emerging Asian economies facing post-pandemic shocks, climate risks, and increasing ESG regulations. Within a TSR–Maqasid Sharia framework, it explores the relationships between spiritual leadership and workplace spirituality, innovative work behaviour, organisational citizenship behaviour (OCB), and crisis responsiveness.Study Design/Methodology/Approach: The study adopts a structured narrative literature review, synthesising scholarly articles, institutional reports (ADB, OECD, World Bank, ASEAN), and practitioner documents. Data are analysed using content and thematic approaches guided by Tawhid String Relation (TSR) and Maqasid Syariah to integrate vertical (habluminallah) and horizontal (habluminannas) dimensions into MSME practices. Findings: Findings indicate that spiritual leadership – through vision, hope/faith, altruistic love, meaningful work, and sense of community – positively enhances MSME resilience by fostering intrinsic motivation, workplace spirituality, OCB, innovation, and crisis responsiveness. Sustainable performance is framed within the Prophetic Economy (Quad P: Prophet, Profit, People, Planet), aligning with Maqasid Sharia principles. In this regard, the Asta Gatra perspective can be used to show that MSME resilience is shaped by both natural and social dimensions, so spiritual leadership strengthens not only internal values but also the broader strategic capacity of the business. Originality/Value: This study contributes by extending Spiritual Leadership Theory within TSR and Maqasid Sharia paradigms, positioning spirituality as a strategic nonmaterial asset to achieve falah, sustainability, and long-term competitiveness under ESG pressures.
Financial Resilience as Mediator in ESG Risk Rating, Leverage and Profitability Toward Firm Value Rini Mulyasari; Indra Siswanti
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.619

Abstract

This study examines the effects of ESG Risk Rating, leverage, and profitability on firm value, and tests whether financial resilience (Economic Value Added/EVA) mediates these relationships among firms in the IDX ESG Leaders index during 2020–2024. The study employs quantitative panel-data regression with purposive sampling and balanced panel observations. Model selection is conducted using Chow, Hausman, and Lagrange Multiplier (LM) tests. Mediation is tested using the Sobel test. ESG Risk Rating, leverage, and profitability significantly affect firm value. ESG Risk Rating and leverage significantly affect EVA, while profitability does not significantly affect EVA. EVA significantly affects firm value. Sobel results confirm that EVA mediates the effects of ESG Risk Rating and leverage on firm value, but does not mediate profitability’s effect on firm value. Financial resilience (EVA) functions as an intervening mechanism for ESG Risk Rating and leverage in explaining firm value in IDX ESG Leaders firms, while profitability influences firm value primarily through direct effects rather than via EVA.
Digital Readiness as Driver of Sustainable Organizational Performance in Higher Education Institution: Systematic Literature Review Yustinus Rawi Dandono; Indra Siswanti; Lenny Christina Nawangsari; Mafizatun Nurhayati
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 3 (2026): Juli
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i3.10531

Abstract

Growing demand on higher education institutes (HEIs) to consider digital transformation and sustainability at the same time has raised interest among scholars in digital readiness as a strategic driver for sustainable long-term organizational performance. The purpose of this study is therefore 3-fold: First, by means of a systematic review, to synthesize what we know about how digital readiness is defined and understood in the context of HEIs. Adopting a systematic literature review (SLR) design and guided by PRISMA 2020, this investigation analyzed 96 high-quality articles between bellwether year, 2015 to prognostic year of interest 2025. A thematic synthesis was carried out to explore the predominant patterns, mechanisms and theorizing of the digital readiness–performance link. Findings Five interdependent themes are brought to light: (1) digital readiness as a strategic capability, (2) governance and data-driven readiness enabling evidence-based sustainability, (3) human and cultural readiness in the guise of mediating mechanisms, (4) technological and infrastructural readiness propelling operational sustainability, and finally (5) digital leadership and strategic alignment as catalysts. The synthesis shows that the digital readiness is more than just about technological readiness, and include institutional capabilities that promote efficiency, resilience, innovation and governance legitimacy. In the absence of appropriate compendium, this study has gone a step forward by combining RBV DCs and sustainability to produce an integrated theoretical framework that offers new insights on both theory and practice for HEI leaders and their policy makers in search of sustainable digital transformation.
Optimizing Social Media Marketing Strategies to Improve The Business Sustainability of MSMEs Lies Hendrawan Krisnawati; Indra Siswanti; Yanto Ramli; Cristina Catur Widayati
Amkop Management Accounting Review (AMAR) Vol. 6 No. 1 (2026): January - June
Publisher : Sekolah Tinggi Ilmu Ekonomi Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/amar.v6i1.3558

Abstract

Social media marketing strategies are a key element in maintaining and improving the sustainability of Micro, Small, and Medium Enterprises (MSMEs) businesses. The research, in the form of a Systematic Literature Review (SLR) PRISMA, used a Boolean search using PICO and SPIDER and identified 2446 initial articles from international journals (Scopus, ScienceDirect, Springer, Wiley, IEEE, Web of Science, and Google Scholar). The data was omitted, so that the final results were 32 journals. Bibliomatrix analysis, in the form of Vos Viewer, along with Inclusion, Exclusion, and Quality Criteria. Research shows that social media marketing strategies significantly improve MSME sustainability through customer engagement, relevant content, and the integration of adaptive digital technologies. The theoretical benefits of formulating social media relationships, which are helpful in the academic world, and the practical benefits of this approach as a digital strategy for MSME actors, as well as its implications for government and policy, for transformation recommendations.
Determinants to Enhance the Sustainable Business of Islamic Banks: A Comprehensive Review for Future Research Agenda Mohammad Yamin; Indra Siswanti; Augustina Kurniasih; Yudhi Herliansyah
Amkop Management Accounting Review (AMAR) Vol. 6 No. 1 (2026): January - June
Publisher : Sekolah Tinggi Ilmu Ekonomi Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/amar.v6i1.3669

Abstract

The sustainability of Islamic banks has received growing scholarly attention; however, its long-term determinants remain theoretically fragmented across governance, risk, innovation, and ethical domains. This systematic literature review synthesizes 68 peer-reviewed articles published between 2021 and 2025 to critically consolidate the structural drivers of sustainable business in Islamic banking. Addressing five interrelated research questions, the findings demonstrate that sustainability does not depend on isolated financial indicators. Rather, it emerges from the systemic interaction between internal governance mechanisms particularly Islamic corporate governance, operational efficiency, and innovation capacity and external institutional pressures, including environmental regulation, market dynamics, and alignment with the Sustainable Development Goals (SDGs). The literature shows persistent analytical fragmentation and limited operational integration between global sustainability standards and Islamic ethical objectives. Digital transformation has become an increasingly important strategic enabler, yet it remains institutionally secondary to governance, corporate social responsibility, and sustainable financing factors. Risk management, especially financing risk, consistently underpins long-term stability, while evidence on capital adequacy and liquidity remains inconclusive. By proposing an integrated sustainability architecture linking financing risk, green financing, digital transformation, Islamic corporate governance, and environmental regulation, this study reframes the discourse and offers a theoretically grounded basis for future empirical and policy development.
Co-Authors Ade Maharini Adiandari Aditya Pratama Agus Arijanto Ahmad Hidayat Anik Herminingsih Aslam Mei Nur Widigdo Augustina Kurniasih Cristina Catur Widayati Darwin Darwin Dimas Tegar Maulana Elmi Aguduri Puspita Embun Prowanta Fitri Diana Tri Anisa Gustiah, Indira Puspa Hosam Alden Riyadh A.Alazeez Kasmir Kasmir, Kasmir Kusdianto, Kemas Dedy lenny christina Lenny Christina Nawangsari Lenny Christina Nawangsari Lies Hendrawan Krisnawati Mafizatun Nurhayati Mohammad Yamin Muljanto Siladjaja Nawangsari, Lenny C Rini Mulyasari Rio Afrianda Samrotul Janiah Setyo Riyanto Sugiyono Syafrida Hafni Sahir Syamsunasir, Syamsunasir Veithzal Rivai Zainal Yananto Mihadi Putra Yanti, Mal Isnaini Sri Mey Yanto Ramli Yohanes Ferry Cahaya Yudhi Herliansyah Yustinus Rawi Dandono