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Muhammadiyah International Journal of Economics and Business
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Core Subject : Economy,
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Articles 68 Documents
SMALL AND MEDIUM ENTERPRISES (SMES) FACE DIGITAL MARKETING Kurniawan, Aries; Asharudin, Moh
Muhammadiyah International Journal of Economics and Business Vol. 1, No.2, 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (484.051 KB) | DOI: 10.23917/mijeb.v1i2.9367

Abstract

The  patterns of  marketing  in  business have  changed  rapidly.  While in  the past, marketing  was done  solely  through  direct  face-to-face transaction,  the  current  existence of  the  internet  leads to   alternative  options   for   commercial   activities,   including   by   using   a   Smartphone   or  gadget, customers  can have  transactions via  various  applications.  These  applications  also offer a variety of  products,  including  apparels, food,  household  needs as well  as  tertiary  needs. To keep with  the pace,  business actors also change  their marketing  patterns. In  addition  to  advertise and  sell  the products  through  conventional  method,  the internet becomes  the  marketing  media  for  business actors.  Nevertheless,  not all of  them are able to change their  marketing  pattern, especially  SMEs. The  factors of  low  educational  background  and lack  of  knowledge  of  the internet, development, and  technology  are the reasons.  Considering  this condition,  it  is  suggested for  business actors to change their marketing  pattern  according  to  the developments  and  technological  advances in  the community  in  order to survive.
PROVINCIAL CAPITAL EXPENDITURE AND THE FACTORS INFLUENCE THE BUDGET: BEFORE AND AFTER THE GOVERNOR ELECTION Yaya, Rizal; Savitri, Diah
Muhammadiyah International Journal of Economics and Business Vol. 2, No.1, 2019
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (398.844 KB) | DOI: 10.23917/mijeb.v2i1.9376

Abstract

This study aims to find out factors that have influence on capital expenditure in provincial government before and after the Governor election. It involved 32 provincial governments in Indonesia as the sample. The sampling technique was purposive sampling. The secondary data was obtained from the report of budget realization of provincial government in Indonesia. The methodology of analysis was multiple linear regression analysis. The result of this study shows that both local revenue and area size have positive effect on capital expenditure. Meanwhile, Special Allocation Fund has negative effect on capital expenditure. In overall, the independent variable explains 65.9% of the dependent variable, while the rests are influenced by other variables not analyzed in this study.
THE ROLE OF SOCIAL COMMERCE CONSTRUCTS, SOCIAL SUPPORT, AND TRUST IN COMMUNITY ON SOCIAL COMMERCE ACTIVITIES Hidayatulloh, Amir
Muhammadiyah International Journal of Economics and Business Vol. 1, No.2, 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (415.739 KB) | DOI: 10.23917/mijeb.v1i2.9363

Abstract

This study  aims  to  analyze  social  commerce  constructs, social  support,  and  individual  trust in the  community   in   social   commerce   activities.   Social   support   includes   emotional   support  and informational  support.  The population  was  social  media  users, while  the  samples were  social media users who had made purchase at least two transactions through social media. The sampling technique was convenience sampling. Totally, 162 respondents were involved. Hypothesis testing was  done using  Warp PLS. This study  reveals that individual  trust in  the community  can be built directly  through  the social  commerce  constructs. These  constructs affects both  emotional  support and information support, in which they will ultimately affect the individual trust in the community. Furthermore,  social  commerce  intention  is influenced  by  individual  trust in  the community  and emotional  support.  However,  information  support does not  affect  the social commerce  intention.
THE DISTINCTION BETWEEN SHARIA MARKET AND CONVENTIONAL MARKET: A STUDY ON INDONESIA STOCK EXCHANGE Nurhayadi, Yadi; Rito, Rito
Muhammadiyah International Journal of Economics and Business Vol. 2, No.1, 2019
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (575.504 KB) | DOI: 10.23917/mijeb.v2i1.9383

Abstract

The  present  study  investigates  the  differences between Islamic Economic System and Conventional Economic System that supposedly lead to the differences between sharia market and conventional market. Through bivariate and multivariate analysis, regression, correlation, and determination tests were carried out to identify the effect of conventional market on sharia market. Analysis was done based on the data of Indonesia Stock Exchange from December 2006 to May 2017, The data consisted of Jakarta Stock Exchange (JSX) Composite Index (Indeks Harga Saham Gabungan, IHSG), Jakarta Stock Exchange Liquid Index (LQ45), Jakarta Islamic Index (JII), and Indonesia Sharia Stock Index (ISSI). The results show that IHSG and LQ45 have a significant positive correlation with JII or ISSI. While IHSG and LQ45 are classified as the elements of conventional market, JII and ISSI are the representation of Sharia market. It indicates that sharia market and conventional market are both present with the same character. In other words, sharia market is still influenced by banking interest rate and speculation. To confirm this finding, the list of issuers on IDX, LQ45, JII, and ISSI was examined and the specific sharia issuers were compared with non- sharia issuers, therefore the classification of IHSG and LQ45 as conventional market is corrected. Based on the results of the analysis of regression, correlation, determination, and investigation of the collected data, a model of sharia market stability is formulated.
FACTORS AFFECTING MSME’s INTEREST TO APPLY FOR BUSINESS FINANCING IN ISLAMIC FINANCIAL INSTITUTIONS Rohmah, Mayda Miftakhur; Rintasari, Nugraheni
Muhammadiyah International Journal of Economics and Business Vol. 1, No.2, 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (379.162 KB) | DOI: 10.23917/mijeb.v1i2.9368

Abstract

This  study  aims to  determine the  effect of  services, procedure,  reputation,  and promotion  on  the MSMEs? interest to  apply  for  business financing  provided  by  Islamic  financial  institutions.  It is  a quantitative  research. The  data were primary  data obtained  from  questionnaires  that were distributed directly to the  respondents. As  many  as 58  MSME  actors in  the Manding  Leather Craft  Center, Bantul,  Indonesia,  were involved  as the respondents.  The  sampling  technique  was purposive sampling  as a type  of  the non  probability  sampling  method.  Data  analysis  methods included  multiple  linear  regression,  classical assumption  test,  and  hypothesis  testing  (t-test  and F-test). Data  processing  required the assistance of  SPSS  17.0.   The  results of  the t-test  show  that each independent  variable  partially  affects the MSMEs?  interest to  apply  for  Islamic  financing. Furthermore, the results of the F-test indicate that the variables of services, procedure, reputation, and promotion simultaneously affect the MSMEs?interest  to apply for business financing provided by  Islamic  financial  institutions.
THE EFFECT OF PROFESSIONAL SKEPTICISM, EXPERTISE, AUDIT FEE, AND AUDIT RISK ON AUDITOR’S OPINION WITH CLIENT PREFERENCE AS MODERATOR Sirajuddin, Betri; Anggraini, Thalia Purwita
Muhammadiyah International Journal of Economics and Business Vol. 2, No.1, 2019
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (429.496 KB) | DOI: 10.23917/mijeb.v2i1.9378

Abstract

The purposes of this study are to determine the effect of professional skepticism, expertise, audit fee, audit risk on the auditor?s opinion, and to determine preference client as the moderating variable on the effect of professional skepticism, expertise, audit fee, and audit risk on the auditor?s opinion. It is an empirical study on the public accountant firms and the Audit Board of the Republic of Indonesia (BPK RI) Representative Office in Palembang, South Sumatra, Indonesia. This study developed associative hypotheses and tested them. The data consisted of primary data and secondary data. The population of this research was the auditors of public accountant firms and BPK RI in Palembang. Totally, 111 respondents were involved. The techniques used for collecting the data were in-depth interviews, questionnaires, and documentation. The techniques used for analyzing the data were quantitative analysis and qualitative analysis. This study indicates that professional skepticism insignificantly affects  the auditor?s opinion, expertise significantly affects the auditor?s opinion, audit fee significantly affects the auditor?s opinion, and audit risk significantly affects the auditor?s opinion. Furthermore, there is no significant relationship on the auditor?s opinion from the interaction between the client preference and professional skepticism and expertise. Meanwhile, client preference is a quasi-moderator on the influence of audit fee and audit risk on the auditor?s opinion.
Acknowledgement from The Chairman of Association of the Muhammadiyah Higher Institutions' Faculties of Economics and Business Editorial Team, MIJEB
Muhammadiyah International Journal of Economics and Business Vol. 2, No.2, 2019
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Perguruan Tinggi Muhammadiyah

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Abstract

Healthy Lifestyle, Role Ambiguity, Spiritual Quotient, and Job Burnout on Job Satisfaction Hermawan, Sigit; Wati, Lina Rahma; Hanif, Aisha; Rahayu, Ruci Arizanda; Rahayu, Duwi
Muhammadiyah International Journal of Economics and Business Vol. 2, No.2, 2019
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Perguruan Tinggi Muhammadiyah

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Abstract

This study aims to determine the effect of Healthy Lifestyle, Role Ambiguity, Spiritual Quotient and Job Burnout on Job Satisfaction at Public Accounting Firms in Surabaya. The purpose of this study is to analyze the effect of independent variables namely Healthy Lifestyle, Role Ambiguity, Spiritual Quotient and Job Burnout influencing, the dependent variable namely Job Satisfaction assisted by using the SPSS program.  In this study the data were collected through a questionnaire method of 44 respondents by purposive sampling technique to determine the response of respondents to each variable.  Then do the data analysis in the form of quantitative analysis.  Quantitative analysis includes validity and reliability tests, hypothesis testing through the R2 test and T test.  Data analysis techniques using multiple linear regression analysis that serves to prove the research hypothesis. The results of the analysis show that healthy lifestyle, spiritual quotient and job burnout have no partial effect on job satisfaction, while role ambiguity has a partial effect on job satisfaction.
Building The Entepreneural Spirit of Local Community to Manage Lake Limboto as Sustainable Public Asset Lamangida, Trisusanti; Tilome, Apris Ara; Machmud, Joice
Muhammadiyah International Journal of Economics and Business Vol. 2, No.2, 2019
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Perguruan Tinggi Muhammadiyah

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Abstract

Lake Limboto is a vital public asset that concerns the lives of many people hence it is important for the government to pay serious attention and proper management on it. Furthermore, three parties are closely linked to the sustainability of this public asset. Building the entrepreneurial spirit of the local community to manage Lake Limboto should be addressed to be the inspiration and new spirit of the entrepreneurial community as a sustainable investment. This study aims to analyzeand explain the importance of building the community entrepreneurial spirit on the management of Lake Limboto as a sustainable investment, particularly in the economic empowerment of local community. Data were collected using FGD technique, literature studies, and field observation. The analysis was conducted using qualitative descriptive approach. This study revealed the development of community business groups or creative-innovative behavior of consumers in managing Lake Limboto. In the implementation, innovation becomes more valuable in building creativity and innovation, particularly in building the entrepreneurial spirit in managing Lake Limboto as a public and regional asset in the present and the future. The theoretical implication is to reaffirm Schumpeter’s theory of innovation. In association with the economic empowerment and development of community, entrepreneurship is aspired to realize human resources who arereliable, professional, highly motivated with the need of achievement, risk takers, innovative and independence. It entails the abilities to create new products and services in the market, new place of business transaction, new buyers, new market leader, and to support economic development.
Factors Motivating The Local Community of Belawa, Wajo Regency, South Sulawesi Province to Engage in Edible Bird’s Nest Industry In The Perspective of Islamic Business Ethics Suarni, Agusdiwana; Asriati, Asriati; Masnan, Sulaiman; Fitriani, Fitriani
Muhammadiyah International Journal of Economics and Business Vol. 2, No.2, 2019
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Perguruan Tinggi Muhammadiyah

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Abstract

This study aims to determine the factors that motivate the local community of Belawa sub-district, Wajo regency, South Sulawesi, to engage in edible bird’s nest industry. Edible-nest swiftlet farming becomes a rife among the agricultural community in the area, particularly after the issuance of MUI Fatwa No. 2 of 2012 concerning the lawful consumption of edible bird’s nest as well as the lawful swiftlet farming in Islam along with several requirements including the birds should not be tortured during the process. This study is a qualitative research in which qualitative analysis was performed to find out and learn directly about the actual situation and interaction between the community and the presence of swiftlet farming. The findings reveal that the factors motivating people to engage in edible bird’s industry are the prospective profits of the business, frequent agricultural crop failures, and the permit to consume bird’s nest based on Islamic law as well as the permit to farm the bird based on Islamic business ethics.