International Journal of Business Studies
International Journal of Business Studies (IJBS) is an international open access and peer-reviewed journal published tri-annually in February, June, and October by IPMI Research Center, Sekolah Tinggi Manajemen IPMI.
IJBS aimed to provide research articles in order to have a significant implication on the world of business management studies. In addition, IJBS’s primary objective is to bridge the gap between theory and practice in business management.
The journal covers a variety of business management topics and original researchers in the following areas such as: Business Economics, Business Ethics, Marketing Management, Finance Management, Operation Management, Strategic Management, Entrepreneurship, Innovation and Competitiveness, Sustainable Development, Human Resource Management, Leadership, Organizational Behavior, Change Management, Risk Management, e-Business, International Business, Knowledge Management, Management Accounting, Management Control System, Management Information System, and Supply Chain Management.
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<![CDATA[The Impact of Entrepreneurial Orientation of Social Entrepreneurship Towards Social Capital and Organization Performance: A Case Study Of Precious One ]]>
<![CDATA[Vera Andriana Rakhmani]]>;
<![CDATA[Risa Bhinekawati]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.106
<![CDATA[Social enterprise which empowers disabilities is growing in Indonesia. Precious One (“P-One”) is one of them. Started as a non-profit organization, P-One has been successfully converting itself into a profitable social enterprise. This study is fully focused on P-One because there’s concern from the founder on the organization performance, where even though they are growing and profitable, it’s not as fast as they are expected. Also, there is lack of literature on the relationship between social entrepreneurship, social capital, and organization performance. Therefore, this study aims to investigate the impact of social entrepreneurship and social capital on the organizational performance and to provide recommendation to the founder. The study employed mixed-method sequential explanatory strategy. This approach is performed by exercising quantitative method and followed by qualitative method. The data were gathered through questionnaires and interviews, and were then examined to see the causal relationship between defined variables by using Structural Equation Model (SEM). The research found that social entrepreneurship has significant influence on social capital and organizational performance, and social capital has significant impact on organization performance. This study provides an understanding on the correlation between social entrepreneurship, social capital, and organization performance, especially for social enterprise which empowers disability. Social entrepreneurs, especially P-One founder will have better understanding of the key factors which will impact on their performance. Further study shall expand the sampling size and add more variables in the research to generate more precise result. Including financial measurement as an indication of organization’s success would also be beneficial to give more accurate result.]]>
<![CDATA[The Impact of Entrepreneurial Orientation of Social Entrepreneurship Towards Social Capital and Organization Performance: A Case Study Of Precious One ]]>
<![CDATA[Rakhmani, Vera Andriana]]>;
<![CDATA[Bhinekawati, Risa]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.106
<![CDATA[Social enterprise which empowers disabilities is growing in Indonesia. Precious One (“P-Oneâ€) is one of them. Started as a non-profit organization, P-One has been successfully converting itself into a profitable social enterprise. This study is fully focused on P-One because there’s concern from the founder on the organization performance, where even though they are growing and profitable, it’s not as fast as they are expected. Also, there is lack of literature on the relationship between social entrepreneurship, social capital, and organization performance. Therefore, this study aims to investigate the impact of social entrepreneurship and social capital on the organizational performance and to provide recommendation to the founder. The study employed mixed-method sequential explanatory strategy. This approach is performed by exercising quantitative method and followed by qualitative method. The data were gathered through questionnaires and interviews, and were then examined to see the causal relationship between defined variables by using Structural Equation Model (SEM). The research found that social entrepreneurship has significant influence on social capital and organizational performance, and social capital has significant impact on organization performance. This study provides an understanding on the correlation between social entrepreneurship, social capital, and organization performance, especially for social enterprise which empowers disability. Social entrepreneurs, especially P-One founder will have better understanding of the key factors which will impact on their performance. Further study shall expand the sampling size and add more variables in the research to generate more precise result. Including financial measurement as an indication of organization’s success would also be beneficial to give more accurate result.]]>
<![CDATA[The Barriers and Challenges of Corporate Governance in Jordanian Companies: An Evaluation of the Reality of Corporate Governance in Jordan ]]>
<![CDATA[Houda Qasim Aleqedart]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.136
<![CDATA[This paper aimed to identify and analyze the obstacles and challenges facing the implementation of corporate governance in Jordanian companies by using collecting data from books, periodicals, previous research and interviews to access answers to questions of research. The qualitative research method and interviews have been conducted to obtain different answers to the research questions. The paper compared the data collected from articles and interviews in order to examine the extent of compliance of Jordanian legislation and companies with the principles of corporate governance. The paper concluded that there is a unanimous agreement that corporate governance is a critical factor in corporate success. However, there are restrictions and barriers that hinder the progress of good practices of corporate governance. Furthermore, there is no general implementation of the concept in its entirety, this may be because the rules of corporate governance are indicative and non-binding as they aim to raise the level of management in companies and protect the rights of shareholders. Therefore, it is necessary to recommend here to adopt this issue in future research by studying how to overcome these barriers, which may positively affect companies.]]>
<![CDATA[The Barriers and Challenges of Corporate Governance in Jordanian Companies: An Evaluation of the Reality of Corporate Governance in Jordan ]]>
<![CDATA[Aleqedart, Houda Qasim]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.136
<![CDATA[This paper aimed to identify and analyze the obstacles and challenges facing the implementation of corporate governance in Jordanian companies by using collecting data from books, periodicals, previous research and interviews to access answers to questions of research. The qualitative research method and interviews have been conducted to obtain different answers to the research questions. The paper compared the data collected from articles and interviews in order to examine the extent of compliance of Jordanian legislation and companies with the principles of corporate governance. The paper concluded that there is a unanimous agreement that corporate governance is a critical factor in corporate success. However, there are restrictions and barriers that hinder the progress of good practices of corporate governance. Furthermore, there is no general implementation of the concept in its entirety, this may be because the rules of corporate governance are indicative and non-binding as they aim to raise the level of management in companies and protect the rights of shareholders. Therefore, it is necessary to recommend here to adopt this issue in future research by studying how to overcome these barriers, which may positively affect companies.]]>
<![CDATA[When Crowd-Based Resources and Capabilities Generates Radical Innovation? It Depends on the Network Effects ]]>
<![CDATA[Adhi Setyo Santoso]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.137
<![CDATA[Peer-to-peer or digital multi-sided platform (MSP) startups have created disruptions in various industries in the past few years. In this matter, the crowds within the platform ecosystem have significant contribution for digital MSP startups’ growth. However, there are limited studies that examine the crowd-based resource and capabilities as the source of radical innovation performance since it still conducts the perspective of linear product-market supply and demand. By using network theory, this research proposal wants to examine the role of network effects toward the development of the radical innovation. The findings of PLS-SEM analysis with 70 respondents from digital MSP startups show that crowds-based resources and capabilities manifested by integrative capabilities can generate radical innovation performance through decent network effect that enables to produce high incremental innovation performance beforehand. It shows the importance interaction between digital MSP startups with the crowds for innovation purposes. Hence, the findings contribute in open innovation literatures especially in finding the contributing factors to generate radical innovation]]>
<![CDATA[When Crowd-Based Resources and Capabilities Generates Radical Innovation? It Depends on the Network Effects ]]>
<![CDATA[Santoso, Adhi Setyo]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.137
<![CDATA[Peer-to-peer or digital multi-sided platform (MSP) startups have created disruptions in various industries in the past few years. In this matter, the crowds within the platform ecosystem have significant contribution for digital MSP startups’ growth. However, there are limited studies that examine the crowd-based resource and capabilities as the source of radical innovation performance since it still conducts the perspective of linear product-market supply and demand. By using network theory, this research proposal wants to examine the role of network effects toward the development of the radical innovation. The findings of PLS-SEM analysis with 70 respondents from digital MSP startups show that crowds-based resources and capabilities manifested by integrative capabilities can generate radical innovation performance through decent network effect that enables to produce high incremental innovation performance beforehand. It shows the importance interaction between digital MSP startups with the crowds for innovation purposes. Hence, the findings contribute in open innovation literatures especially in finding the contributing factors to generate radical innovation]]>
<![CDATA[Strengthening Agricultural Investment through Sustainable Islamic Banking ]]>
<![CDATA[Purbawati Setyaningsih]]>;
<![CDATA[Acep R Jayaprawira]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.138
<![CDATA[This study analyzes how agricultural investments may strengthen the Islamic banking industry that is sustainable in the short and long term. Qualitative data sources are secondary data from BPS, Baznas, ACT Global Waqf and research on BWI in the form of secondary data from March 2007 to December 2018. Data were analyzed using the Error Correction Model (ECM) Methodology. Ziswaf have a signiicnt effect on GDP both of the long term and the short term, with the ECT coeficient was - 1.81E-07 meaning that there are increasing GDP will be adjusted within one (1) year with the residual speed of the balance value of - 181 percent. In the long term, the GDP have inluented simultaneously by all independent variables with affected positively by Exports-Agi, PMDN and Ziswaf signiicantly; and it have inluenced negatively by Export signiicantly at the R-square level of 0.98 meaning that the variables are tested to provide almost all the information needed to predict the GDP. Export-Agi was the most inluence with a value of coeficient variable 44.875570. While in the short term, GDP was signiicantly inluenced by Ziswaf on R-square 0.26 which means that there have 74 per cent of other variables outside the model that affect GDP. The selection of competitive plants in the zakat distribution program and the use of idle waqaf land is very important to be considered by institutions / individuals who are interested in PMDN investment in the agricultural sector and ziswaf management institutions. Every land and sea have the blessing and the competitive power of its own and its utilization as well as possible considering the state of the local community as a major source of labor, without neglecting the environmentaspartof sustainabledevelopment goals.Asmart-small- microinanc can be synergized with ziswaf as a step to strengthen the technical and managerial mustahik. Cash waqf can also be used as an instrument for the development of further capital. Economic growth is accompanied by sustainability is the best choice, the chance alignment of a sustainable Islamic inancial investment can be expanded globally in scope and impact. Islamic inancial transactions can be retained should provide investment categories permitted by religion (halal) and did well to supply logistics either through A-PLS or sukuk using the inancing agreements like salam, muzara'ah, and mugharasah; irrigation infrastructure for areas prone to lack of water with Musaqa or Istishna inancing. Careful handling prior to harvest, post - harvest handling of agricultural products and halal food processing industry is part of the growing Islamic Bankings sustainable advantage.]]>
<![CDATA[Strengthening Agricultural Investment through Sustainable Islamic Banking ]]>
<![CDATA[Setyaningsih, Purbawati]]>;
<![CDATA[Jayaprawira, Acep R]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.138
<![CDATA[This study analyzes how agricultural investments may strengthen the Islamic banking industry that is sustainable in the short and long term. Qualitative data sources are secondary data from BPS, Baznas, ACT Global Waqf and research on BWI in the form of secondary data from March 2007 to December 2018. Data were analyzed using the Error Correction Model (ECM) Methodology. Ziswaf have a signiicnt effect on GDP both of the long term and the short term, with the ECT coeficient was - 1.81E-07 meaning that there are increasing GDP will be adjusted within one (1) year with the residual speed of the balance value of - 181 percent. In the long term, the GDP have inluented simultaneously by all independent variables with affected positively by Exports-Agi, PMDN and Ziswaf signiicantly; and it have inluenced negatively by Export signiicantly at the R-square level of 0.98 meaning that the variables are tested to provide almost all the information needed to predict the GDP. Export-Agi was the most inluence with a value of coeficient variable 44.875570. While in the short term, GDP was signiicantly inluenced by Ziswaf on R-square 0.26 which means that there have 74 per cent of other variables outside the model that affect GDP. The selection of competitive plants in the zakat distribution program and the use of idle waqaf land is very important to be considered by institutions / individuals who are interested in PMDN investment in the agricultural sector and ziswaf management institutions. Every land and sea have the blessing and the competitive power of its own and its utilization as well as possible considering the state of the local community as a major source of labor, without neglecting the environmentaspartof sustainabledevelopment goals.Asmart-small- microinanc can be synergized with ziswaf as a step to strengthen the technical and managerial mustahik. Cash waqf can also be used as an instrument for the development of further capital. Economic growth is accompanied by sustainability is the best choice, the chance alignment of a sustainable Islamic inancial investment can be expanded globally in scope and impact. Islamic inancial transactions can be retained should provide investment categories permitted by religion (halal) and did well to supply logistics either through A-PLS or sukuk using the inancing agreements like salam, muzara'ah, and mugharasah; irrigation infrastructure for areas prone to lack of water with Musaqa or Istishna inancing. Careful handling prior to harvest, post - harvest handling of agricultural products and halal food processing industry is part of the growing Islamic Bankings sustainable advantage.]]>
<![CDATA[The Role of Organization Culture, Leadership and Training Towards Improving Work Performance Country Civil Worker: Case Study in Financial and Development Supervisory Agency ]]>
<![CDATA[Muhammad Ramaditya]]>;
<![CDATA[Amirul Wahid Prihantoro]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.143
<![CDATA[The objective of this study is analyzed the impact of organizational culture, training, and leadership on the work performance of civil workers in financial and development supervisory agency. This research uses an associative approach with simple random sampling technique which is measured by SEM using the Smart PLS 3.0 application. The population of this study was 330 civil workers in Financial and Development Supervisory Agency (BPKP). The results of the study shown that the Organizational Culture Variables did not significantly influence work Performance of the civil worker in Financial and Development Supervisory Agency, but do not pass the reliability test. Training Variables have a positive and significant effect on the work performance of the civil workers. Leadership variables have a positive and significant effect on the work performance of the civil workers in Financial and Development Supervisory Agency.]]>
<![CDATA[The Role of Organization Culture, Leadership and Training Towards Improving Work Performance Country Civil Worker: Case Study in Financial and Development Supervisory Agency ]]>
<![CDATA[Ramaditya, Muhammad]]>;
<![CDATA[Prihantoro, Amirul Wahid]]>
<![CDATA[ International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS) ]]>
Publisher : <![CDATA[Sekolah Tinggi Manajemen IPMI ]]>
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DOI: 10.32924/ijbs.v4i2.143
<![CDATA[The objective of this study is analyzed the impact of organizational culture, training, and leadership on the work performance of civil workers in financial and development supervisory agency. This research uses an associative approach with simple random sampling technique which is measured by SEM using the Smart PLS 3.0 application. The population of this study was 330 civil workers in Financial and Development Supervisory Agency (BPKP). The results of the study shown that the Organizational Culture Variables did not significantly influence work Performance of the civil worker in Financial and Development Supervisory Agency, but do not pass the reliability test. Training Variables have a positive and significant effect on the work performance of the civil workers. Leadership variables have a positive and significant effect on the work performance of the civil workers in Financial and Development Supervisory Agency.]]>
