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Journal of Innovation in Business and Economics
ISSN : 25809431     EISSN : 25812025     DOI : -
Core Subject : Economy,
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
Long-term debt and financial performance Desy Astrid Anindya; Harry Suharman; Indawati Lestari; Muhammad Habibie
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.v9i01.41133

Abstract

This study aims to analyze the influence of capital structure on the financial and market performance of construction companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Capital structure is measured by the proportion of long-term debt to total capital. Financial performance is assessed using Return on Equity (ROE), while market performance is proxied by stock price. The analysis employs panel data regression with a fixed effects approach, controlling for firm size, liquidity, interest coverage ratio, and sales growth. The results show that long-term debt has a negative and significant effect on ROE, but no significant effect on the stock price. Conversely, the current ratio and sales growth have a positive and significant effect on ROE, while the current ratio and firm size significantly increase stock prices. These findings suggest that the inappropriate use of long-term debt may reduce profitability, and that investors place greater emphasis on liquidity and firm size when assessing market value. This study contributes to the literature on capital structure in the construction sector, which is characterized by capital-intensive and high-risk operations. Practically, the findings can inform company management in formulating more efficient and sustainable financing strategies and help investors interpret financial signals relevant to firm value.
Analysis of economic growth through strengthening zakat contributions with the analytic network process (ANP) approach Nurul Badriyah; Setyo Tri Wahyudi; Kartika Sari; Amalia Rahmawati; Fajrin Intan Safitri; Radeetha Radeetha; Fadillah Putra; Agung Pramana Warih Marhendra
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.v9i01.41650

Abstract

This study discusses the strengthening of cooperation and institutions in optimizing zakat management, with a case study on LAZISNU Malang City using the Analytic Network Process method. The results show that applicability to institutions has the most significant influence (weight 0.43966), emphasizing the importance of relevant and effective policies to support zakat institutions. LAZISNU Malang City has been actively establishing strategic cooperation with various parties, including Islamic financial institutions and local governments, to increase zakat collection. Regulation also plays an important role in strengthening the zakat management structure (weight 0.30071) with a positive impact on the efficiency of zakat distribution and the acceleration of its distribution to mustahik. The aspect of the speed of zakat distribution (weight 0.25604) is a critical element, especially in emergency situations, ensuring that the benefits of zakat are immediately felt by the community. In addition, adequate zakat literacy (weight 0.204) has been proven to support the active participation of muzakki, as found in various empirical studies. This study confirms that strengthening cooperation, implementing effective regulations, increasing literacy, and adopting technology are strategic steps to optimize zakat as a socio-economic instrument in Malang City.
Constructing a multidimensional indicator for Islamic finance development Idah Zuhroh; Nazaruddin Malik; Muhammad Khoirul Fuddin; Fitri Rusdianasari
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.v9i01.42602

Abstract

This study conducts a systematic literature review to evaluate existing indicators used in measuring Islamic finance development and proposes the Islamic Finance Development Indicator Plus (IFDI+), a multidimensional framework that extends beyond asset-based and compliance-oriented metrics. A total of 51 peer-reviewed articles published between 2019 and 2025 were analyzed following PRISMA standards, complemented by bibliometric mapping using VOSviewer. The review identifies five core dimensions essential for assessing Islamic finance development: 1) quantitative development, 2) governance and regulatory quality, 3) innovation and technology adoption, 4) social impact and economic inclusion, and 5) awareness and financial literacy. The IFDI+ framework integrates these dimensions into a cohesive evaluative model aligned with maqasid al-shariah and contemporary sustainability agendas. This study contributes to improving measurement practices and provides guidance for policymakers in strengthening multidimensional reporting, supporting fintech-enabling regulatory environments, and enhancing ESG and financial inclusion initiatives. Future research should operationalize and empirically validate IFDI+ across diverse jurisdictions.

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