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Journal of Innovation in Business and Economics
Published by Universitas Muhammadiyah Malang
ISSN : 25809431     EISSN : 25812025     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was renamed as Ekonomika Bisnis: Jurnal Penelitian dan Pemikiran. JIBE is a generalist; academic review covering all fields of business, management, accounting, and economics. The journal seeks to examine the emerging and state of the art future innovations in business, economics and management made possible by advances in information, communication, and technologies. We welcome contributions covering all fields of business innovations including, but not limited to information, communication and technologies applications in business, cost and revenue model, business ethics, business strategy, applications of innovation in business and management, entrepreneurship & innovation, information systems, international business & cross-cultural studies, marketing, organization studies, general management as well as micro and macro economics.
Arjuna Subject : -
Articles 263 Documents
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Employee performance optimization through Smart Workload Framework: Full-Time Equivalent based analysis Eka Askafi; Nisa Mutiara; Fahmi Aquinas
Journal of Innovation in Business and Economics Vol. 9 No. 01 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.38655

Abstract

This study employs Full-Time Equivalent (FTE) to examine the workload of two departments of Bank BRI. The results show that, in general, there are still overloaded and underloaded employees, indicating that the workload is inefficient. Furthermore, this study examines the transformational potential of technological solutions in overcoming these difficulties by analyzing 279 papers obtained from Scopus metadata. This investigation reveals a three-dimensional framework of technological sophistication, data-driven accuracy, and efficiency-oriented management. Technological intelligence emphasizes integrating techniques such as artificial intelligence (AI) and robotic process automation (RPA) to facilitate real-time monitoring, predictive analytics, and process automation, efficiently addressing workload disparities. Furthermore, data-driven accuracy underscores the critical function of predictive models and analytics in improving resource allocation and workforce planning, supported by empirical data from industries such as healthcare and education. Meanwhile, efficiency-focused management prioritizes process optimization, leveraging automation, and collaborative efforts to increase productivity and achieve task balance.
Overcoming barriers: A regulatory framework for Islamic open finance Nisa Mutiara
Journal of Innovation in Business and Economics Vol. 9 No. 02 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i02.38995

Abstract

This study proposes a regulation-based solution to address the challenges of implementing Islamic Open Finance, focusing on Indonesia, which has the largest Muslim population yet a relatively low market share in Islamic finance. Using metadata analysis from the Scopus database, this study applies text mining and Natural Language Processing (NLP) to identify key challenges in the implementation of Islamic Open Finance. The findings highlight three critical areas from a regulatory perspective necessary for successful adoption; integrated data management standards, enhanced cybersecurity, and cultural shifts within institutions. Additionally, the study underscores the need to prioritize sharia-based financial literacy and education to foster acceptance within the community and the financial sector. This study recommends establishing a data protocol standard developed by the regulator, implementing a zero-trust cybersecurity model, and promoting cross-sector collaboration through regulatory forums.
Fostering innovation in start-ups: The role of knowledge sharing and organizational creativity Nony Kezia Marchyta; Eddy Madiono Sutanto; Robert Djohari
Journal of Innovation in Business and Economics Vol. 9 No. 02 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v8i02.39299

Abstract

The purpose was to determine the effect of knowledge-sharing on organizational innovation through organizational creativity as an intervening variable in start-up companies in Surabaya, Indonesia. The type of this data was quan­ti­ta­tive. The sampling technique was purposive sampling, which comprised 64 start-up companies in Surabaya, Indonesia. The data were obtained through a questionnaire using a Likert scale. The data processing technique used is Partial Least Square (PLS). This study shows that knowledge-sharing affects organizational creativity and innovation at start-ups. Open communication and a culture of ongoing learning are essential to build trust and promote the free exchange of ideas. A supportive environment encourages organizational creativity, which drives the creation of novel goods and services. Continuous learning and strategically using technology are essential for innovation. Developing unique value products and rewarding creative ideas can enhance product and process innovation to achieve competitive advantage. The originality of this research was found in data collection, which considered knowledge-sharing from horizontal relationships and vertical relationships through the perspective of leaders of start-up companies.
How does green innovation enhance business sustainability? Systematic review and case study at PT PLN Indonesia Power UBP Suralaya Reinardus Dwi Prio Christianto; Nur Wening; Rian Oktafiani; Ade Setiawan; Han Purnomo; Nuviah Herawati
Journal of Innovation in Business and Economics Vol. 9 No. 01 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.39544

Abstract

Green innovation (GI) plays a crucial role in business sustainability, particularly in the energy sector, as companies seek to balance environmental responsibility with economic viability. This study explores the impact of GI by integrating a systematic literature review with a case study of PT PLN Indonesia Power UBP Suralaya. Using a qualitative approach, the research combines Natural Language Processing (NLP) and Large Language Models (LLM) to analyze text data and identify key themes in green innovation. A meta-analysis of 26 Scopus-indexed documents was conducted to extract insights, which were then classified into clusters using LLM-based text analysis. The findings highlight that green innovation is shaped by three key factors: internal company dynamics (leadership, technology, and financial capital), external influences (government regulations and market demand), and academic research. To accelerate GI adoption, energy companies like PLN must take proactive measures, including: 1) strengthening strategic leadership with a well-defined Net Zero roadmap; 2) increasing investment in renewable technologies such as solar, wind, and smart grids; and 3) restructuring business models to incorporate Green Financing mechanisms. Without a fundamental transformation, GI efforts risk being confined to incremental improvements rather than leading to substantial progress in sustainability.
Participatory Training on MSMEs Warsani Purnama Sari; Ahmad Prayudi; Dhian Rosalina; Nina Siti Salmaniah Siregar
Journal of Innovation in Business and Economics Vol. 9 No. 02 B (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.40009

Abstract

This study examines the effect of participatory training and human resource (HR) competence on the performance of micro, small, and medium enterprises (MSMEs) operating in the Tangkahan ecotourism area, North Sumatra. Using survey data from 88 respondents across three tourist villages, this research employs multiple linear regression with a moderation approach to analyze the direct and moderating effects of training participation—measured by training planning participation, training relevance, and follow-up support—on the relationship between HR competence and MSME performance. The results show that HR competence has a positive and significant effect on MSME performance, confirming the importance of skills, adaptability, and experience in achieving business success. Conversely, training planning participation and training relevance show significant negative effects, indicating that inadequate involvement of MSMEs in designing training and a mismatch between training content and real business needs can hamper performance. Follow-up support was found to have no significant effect. Furthermore, the moderation analysis reveals that the dimensions of training participation do not significantly moderate the relationship between HR competence and MSME performance. These findings suggest that HR competence plays a more fundamental and independent role than participatory aspects of training, and highlight the need for training programs to be more contextually relevant, participatory, and aligned with the real needs of MSME actors to effectively improve business outcomes.
How will the career change as Gen Z flourishes? Ami Pujiwati; Any Meilani; Farida Iriani; Zulkifli Sultan; Etty Susanty
Journal of Innovation in Business and Economics Vol. 9 No. 01 B (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.40375

Abstract

The focus of this study is to examine the role of psychological contracts and thriving at work in shaping career engagement, as well as to identify the mediating mechanism between these two variables. A quantitative approach was used with a two-stage data collection technique (time-lagged design) to reduce common method bias. The research sample consisted of 395 respondents aged 20–25 years who are employed in both public and private sectors. The analysis technique used was Partial Least Squares-based Structural Equation Modeling (PLS-SEM). The results show that thriving at work and psychological contract fulfillment significantly influence career engagement. Thriving at work has the strongest influence. Additionally, thriving at work was proven to mediate the relationship between psychological contract fulfillment and career engagement. These findings affirm the importance of a work environment that supports learning and self-development in maintaining the engagement and retention of young talent from Generation Z.
The role of bandwagon effect and FoMo in viral marketing Rizqah Rizqah; Syaakir Sofyan; Noval Noval; Sofyan Bachmid; Hamka Hamka
Journal of Innovation in Business and Economics Vol. 9 No. 02 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.40376

Abstract

The digitalization era has significantly reshaped consumer behavior, especially among Generation Z, whose purchasing decisions are increasingly influenced by non-price factors such as social trends and peer dynamics. This study examines the direct and moderating effects of the bandwagon effect and Fear of Missing Out (FoMO) on consumptive buying behavior, with viral marketing as a mediating factor, in the context of Palu, Indonesia. Adopting a quantitative explanatory approach, data were collected from 398 respondents aged 18–26 through structured online surveys and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Results indicate that both the bandwagon effect and FoMO significantly and positively impact consumptive buying behavior, with FoMO demonstrating a stronger influence. Contrary to expectations, neither variable moderates the relationship between viral marketing and consumptive behavior. Moreover, viral marketing exhibits a significant negative effect, potentially due to perceptions of intrusiveness or oversaturation. These findings suggest that marketing strategies should emphasize social validation, exclusivity, and scarcity-based promotions to effectively engage Generation Z consumers.
What and how? last-minute choice deflection in E-commerce Errie Margery; Lusiah Lusiah
Journal of Innovation in Business and Economics Vol. 9 No. 02 (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.40742

Abstract

The rise of e-commerce has fundamentally transformed consumer behavior, introducing dynamic, information-rich environments that influence purchasing decisions. This study explores the phenomenon of last-minute choice deflection, where consumers change their initial product preferences after being exposed to algorithmically curated alternatives on digital platforms. Using a quantitative approach through an experimental survey involving Generation Z respondents, this research investigates the roles of brand image, influencer marketing, price, loyalty, and customer reviews in shaping consumer decisions, focusing on body care products as the category of interest. Employing robust least squares regression, the findings reveal that customer reviews and competitive pricing significantly reduce choice deflection by reinforcing consumers’ initial preferences. Brand image shows a mildly significant effect, whereas influencer marketing and loyalty do not exhibit statistically significant impacts. These results offer insights for marketers aiming to design more persuasive strategies in online markets and contribute to consumer behavior theory by contextualizing decision-making dynamics in digital commerce.
The ESG disclosure and sustainable growth: Does profitability matter? Zaky Machmuddah; Winarsih Winarsih; Anik Yuesti
Journal of Innovation in Business and Economics Vol. 9 No. 01 B (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.40759

Abstract

This study aims to examine the role of sustainability disclosure—which includes Environmental Disclosure, Social Disclosure, and Governance Disclosure—in influencing profitability (ROE) and supporting the Sustainable Growth Rate (SGR) in multinational companies. The study uses panel data from 96 Asian multinational companies over a fiveyear period and is estimated using the Full Generalized Least Squares (Full GLS) method to address potential heteroskedasticity and autocorrelation commonly found in panel data. The findings indicate that there is no significant evidence that the three dimensions of sustainability disclosure directly enhance corporate profitability. However, profitability (ROE) is shown to contribute positively to the Sustainable Growth Rate. In addition, Social Disclosure and Governance Disclosure have a significant impact on promoting sustainable growth, while Environmental Disclosure does not show a significant effect. Another finding suggests that high leverage negatively affects the Sustainable Growth Rate, and the interaction between profitability and the three dimensions of sustainability disclosure collectively supports more sustainable growth. This study underscores the importance of integrating stable financial performance with sustainability disclosure strategies to support the continuous growth of companies.
When influencers get real: how do customers react? Andriasan Sudarso; Hendra Hendra; Wan Suryani
Journal of Innovation in Business and Economics Vol. 9 No. 02 B (2025): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v9i01.41124

Abstract

The shifting digital marketing landscape highlights the central role of social media influencers, with a trend towards more authentic and vulnerable content emerging in response to increasing consumer skepticism. This research aims to investigate the direct influence of influencer vulnerability (measured through authenticity, relatability, and responsiveness), influencer trust, influencer credibility, and influencer viewing frequency on consumer purchase intention. Data was collected through an online survey of 147 active social media users who follow influencers. The results of multiple regression analysis show that influencer authenticity and relatability have a positive and significant influence on purchase intention. Similarly, influencer trust and credibility, as well as influencer viewing frequency, also positively influence purchase intention. Interestingly, influencer responsiveness and gender were not found to have a significant influence. These findings confirm that the power of authenticity and emotional connection, supported by trust and credibility, and consistent exposure, are key to driving purchase intention in an increasingly transparent influencer era. Managerial implications include the importance of influencers in building genuine and relevant connections, while brands should focus on long-term partnerships that leverage credibility and exposure frequency

Page 26 of 27 | Total Record : 263

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