Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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This Author published in this journals
All Journal Indonesian Journal of Economics and Management
Muhammad Firdaus, Rifqi
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Related and Unrelated Diversification, Impact of Intergeneration in Family Firms Performance: Narrative Literature Review in Family Business Context: English Widayanti, Rochmi; Setiawan; Muhammad Firdaus, Rifqi
Indonesian Journal of Economics and Management Vol. 5 No. 2 (2025): Indonesian Journal of Economics and Management (March 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v5i2.6571

Abstract

This narrative literature review aims to critically review the development of research on diversification policies and company performance in the context of family company ownership in Asian countries. The study is based on a review of 75 empirical research articles. The findings from the review state that there are still inconsistencies in research results in improving performance. The diversification policies that are related and non-related give mixed results on increased performance and corporate excess value. Motivation of family companies in developing diversified businesses is interpreted differently according to agency theory, resources-based theory, and social wealth theory. The role of the pyramid ownership structure and the transformation between generations of families also contributes to determining the impact of diversification on improving company performance. This study recommends future research to develop a more holistic understanding of the determinant and contextual models in differentiating the performance of family firms in determining related and non-related diversification policy choices. Keyword: ownership structure, diversification, family firm performance
The relations of Sharia Financial Literacy, Financial Inclusion, and Business Sustainability : English Amiliya, Lya; Syarif, Moch. Edman; Sumiyati; Nugraha, Muhamad Arif; Muhammad Firdaus, Rifqi
Indonesian Journal of Economics and Management Vol. 5 No. 3 (2025): Indonesian Journal Of Economics and Management (July 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v5i3.6579

Abstract

This study examines the impact of Islamic financial literacy and Islamic financial inclusion on the business sustainability of MSMEs in the Bandung Raya area. Using a quantitative approach, data were collected from 300 SMEs through structured questionnaires. The findings reveal that Islamic financial literacy significantly enhances business sustainability by fostering informed financial decision-making, ethical management, and resilience. Islamic financial inclusion also plays a critical role, providing MSMEs with access to Sharia-compliant financial services such as financing and investment, which drive growth and competitiveness. Furthermore, the study highlights the mediating role of financial inclusion, amplifying the effects of financial literacy on business sustainability. These results emphasize the interconnectedness of financial literacy and inclusion as key drivers of MSME resilience and sustainability. Stakeholders are encouraged to prioritize financial education initiatives, regulatory reforms, and innovative financial solutions to empower MSMEs and support broader economic development aligned with Islamic principles.
Co-Authors Amiliya, Lya Muhamad Arif Nugraha Rochmi Widayanti Setiawan Sumiyati Syarif, Moch. Edman