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Airlangga Journal of Innovation Management
Published by Universitas Airlangga
ISSN : -     EISSN : 27225062     DOI : http://dx.doi.org/10.20473/ajim.v1i2.19171
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Airlangga Journal of Innovation Management (AJIM) aims to link the research and practice of innovation management. AJIM adopt a multidisciplinary approach to addressing the many challenges of managing innovation. AJIM encourages the submission of papers addressing the multidisciplinary nature of the innovation process combining principles and concepts originating from a myriad of scientific areas, from social sciences to technology research and development. AJIM encompasses all phases of the process of technological innovation from conceptualization of a new technology-based product/service process through commercialization.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Menejemen Teknologi dan Inovasi
Articles 170 Documents
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Dinamika Struktur Modal di Sektor Konsumen Non-Siklus Indonesia: Pengaruh Profitabilitas, Struktur Aset dan Ukuran Perusahaan Haliza, Vivi Dwi; Tubastuvi, Naelati; Rahmawati, Ika Yustina; Kharismasyah, Alfato Yusnar
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.75021

Abstract

Capital structure is one of the important aspects in corporate finance since it displays the business’s policy in choosing financing sources. This study examines how capital structure is impacted by profitability, asset structure, and company size, specifically emphasizing businesses in the consumer non-cyclicals sector. The study uses quantitative analysis, the population consists of 132 companies in the consumer non-cyclicals category that were listed on the IDX between 2020-2023, with sampling using a purposive sampling technique, which resulted in 47 companies. This analysis uses multiple linear regression with SPSS 25. Consequently, capital structure is significantly impacted negatively by profitability, whereas asset structure and firm size are significantly impacted favorably. This result is consistent with the trade-off theory and pecking order theories, which hold that profitable businesses typically use internal funding, while asset structure and company size become collateral to obtain external funding. Companies are encouraged to increase their revenue and income streams. For Investors, before extending credit or making investment decisions, lenders and potential investors should carefully assess the company's profitability ratio, asset configuration, and overall size.
Digital Financial Literacy and Financial Technology on Financial Performance through Financial Behavior as a Mediating Variable Wulandari, Nur Apni; Purwidianti, Wida; Nurul Innayah, Maulida; Frida Utami, Restu
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.75572

Abstract

This research analyzes the effect of digital financial literacy and financial technology on financial performance, with financial behavior as a mediator. The population used is the MSE actors in the South Brebes Regency area, consisting of 6 sub-districts. Sampling using the convenience sampling technique calculated by the Slovin formula, resulting in 110 participants. The data were collected through the distribution of questionnaires using a Likert scale, and then examined with SmartPLS 3.0 software. According to the results, adopting fintech is not the only way for MSEs to achieve excellent financial performance; responsible financial behavior and a firm understanding of digital financial literacy are also essential. Theoretically, this study highlights that enhancing MSE financial performance requires a combination of financial expertise and efficient technology use, since technology is insufficient on its own without the capacity to understand and utilize financial data strategically. From a managerial standpoint, the findings suggest that improving MSE actors’ financial capabilities, especially their comprehension, interpretation, and application of digital financial tools and concepts, is essential to guaranteeing that fintech solutions can be utilized efficiently. In an increasingly digital economic world, this capacity helps business owners make strategic, sustainable, and well-informed decisions that support the long-term resilience and success of their companies.
PENGARUH ENDORSER SELEBRITI DAN GAYA HIDUP HALAL TERHADAP MINAT BELI SKINCARE GENERASI Z DI JAWA TIMUR Jannah, Wildatul; Rahma, Siti Habibatur
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.77520

Abstract

Indonesia's potential in the halal skincare industry is significant, as evident from its position as the second largest consumer of halal cosmetics and the high enthusiasm of Generation Z towards self-care products. Generation Z's increasing interest in skincare has driven a significant expansion of Indonesia's beauty industry. This generation is known for being active on social media and has a high awareness of appearance and personal values, including a halal lifestyle. This research aims to analyze how celebrity endorsers and the halal lifestyle influence Generation Z's purchase interest in skincare in East Java. The study uses a quantitative approach. The participants are Generation Z skincare users. The sample was chosen through a non-probability purposive sampling method, with specific criteria, involving 110 respondents who reside in East Java and were born between 1995 and 2012. Data was collected via an online survey and analyzed using IBM SPSS Statistics 31. This research includes tests such as instrument validation, classical assumption tests, hypothesis testing, and regression analysis. The results show that, partially, celebrity endorsers and the halal lifestyle significantly affect purchase interest. Together, both factors, celebrity endorser and the halal lifestyle, also significantly influence Generation Z's skincare purchase interest in East Java. This result helps create more successful marketing tactics, particularly the utilisation of public figures and the strengthening of halal product images. Skincare companies are advised to choose celebrity endorsers who are popular and trustworthy and align with halal lifestyle values
The Role of Marketing Capability in the Relationship between Entrepreneurial Orientation and Marketing Performance: A Study of Batik SMEs in Ciayumajikuning Rois, Tatang; Arraniri, Iqbal; Akbar, Ilham; Nurhayani, A'i; Pratiwi, Erni Yuliyanti
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.77592

Abstract

Previous studies on the influence of entrepreneurial orientation on marketing performance have revealed inconsistencies. To address these discrepancies, a new research model was developed, placing marketing capability as a mediating variable. The study is also based on the challenges that SMEs face in improving their marketing performance. This quantitative study uses a survey method to examine batik SMEs in the Ciayumajakuning region of West Java, Indonesia. The sample size consists of 200 SME owner-managers, selected using disproportionate random sampling. Data analysis was conducted using structural equation modelling with the AMOS program. The results indicate that marketing capability mediates the influence of entrepreneurial orientation on marketing performance. These findings are significant in that they identify a research model that addresses the challenges faced by SMEs in improving their marketing performance by focusing on market orientation and the role of marketing capability as a mediator. The results of this study have practical implications for SMEs in the batik industry in the Ciayumajakuning region, helping them to overcome problems with marketing performance by adopting a market-oriented approach.
KOMPARASI FAKTOR-FAKTOR YANG MEMPENGARUHI INFLASI DI INDONESIA DAN SINGAPURA Maulidya, Alifa Nurma; Rahim, Abd; Astuty, Sri; Bado, Basri; Hastuti, Diah Retno Dwi
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.76481

Abstract

This study aims to analyze the factors affecting inflation in Indonesia and Singapore in the period 2000-2023 using a comparative approach. A quantitative approach was used, employing time series data from the World Bank, BPS (Statistics of Indonesia), and the Singapore Department of Statistics. The analysis method used is multiple linear regression to determine the effect of independent variables (quantity of money, interest rate, exchange rate, and economic growth) and dependent variables (inflation) simultaneously and partially. The results of this study show that independent variables have a simultaneous effect on dependent variables in Indonesia, while in Singapore, they do not. Meanwhile, in part, the quantity of money has a significant negative effect on inflation in Indonesia. Meanwhile, in part, the exchange rate has a negative and significant effect on inflation in Singapore. A comparison of the coefficients and adj. R² values reveal a higher level of sensitivity of inflation to quantitative monetary policy in Indonesia, while Singapore shows inflation resilience through a policy framework centered on exchange rates. These results confirm the differences in the structure and effectiveness of monetary policy, as well as their implications for the formulation of price stabilization strategies in both countries. 
The Influence of Convenience, Benefits, and Security on Consumer Preferences in Adopting QRIS Non-Cash Payments Syahrin, Khalfi; Arisandy, Yosy; Handika, Yuli
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.77544

Abstract

This study aims to determine the influence of convenience, Benefits, and security on consumer preferences in using QRIS as a non-cash payment system. This study uses a quantitative approach with a purposive sampling technique, namely a sampling method based on certain considerations or criteria relevant to the research objectives so that the selected respondents truly match the required characteristics. The number of respondents in this study was 100 people who had met these criteria. Data collection was carried out through an online questionnaire, while data analysis included validity, reliability, normality, multicollinearity tests, T-tests, F-tests, and coefficients of determination processed using SPSS version 2025. The results of the study indicate that ease, Benefits, and security each have a positive and significant effect on consumer preferences in using QRIS. The easier QRIS is to operate, the more consumers are interested in adopting it. Likewise, the greater the perceived benefits, the stronger the tendency for consumers to prefer QRIS as a payment method. In addition, a secure system fosters greater consumer trust, thereby increasing the likelihood of usage. Collectively, these three factors ease, Benefits, and security interact to enhance consumer interest and decision-making in adopting QRIS. The practical implication of these findings is that service providers and policymakers should prioritize the continuous improvement of system usability, perceived benefits, and security features to strengthen consumer trust and encourage wider adoption of QRIS in daily transactions
Transformational Leadership in Green Human Resource Management Practice: A Systematic Literature Review Fitri, Sari; Hidayat, Rahmad; Yuliani, Tri
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.78924

Abstract

This article aims to examine the role of transformational leadership in the implementation of Green Human Resource Management (Green HRM) and its contribution to organizational environmental sustainability. The urgency of this study lies in the growing demand for organizations to integrate sustainability principles into their human resource practices. Using a Systematic Literature Review (SLR) approach, 11 articles were screened and analyzed from reputable databases, including Scopus and ScienceDirect. The findings reveal that Green HRM encompasses recruitment, training, performance management, and compensation processes that are grounded in environmentally friendly values. However, its successful implementation is significantly influenced by transformational leadership. Transformational leaders play a pivotal role in shaping pro-environmental organizational culture, motivating employees to adopt green behaviors, and ultimately enhancing environmental performance and long-term sustainability. In addition, the study highlights that the effectiveness of Green HRM implementation is not solely determined by internal leadership, but also by external factors such as government policy support, stakeholder engagement, and collective awareness of environmental issues. This study concludes that the integration of Green HRM and transformational leadership represents a key strategic approach to building competitive, sustainable organizations. Theoretically, it contributes to the growing body of literature on leadership and sustainable HR practices. At the same time, practically, it provides guidance for managers and policymakers to align leadership styles with green initiatives to achieve long-term environmental goals.
Pengaruh PENGARUH CITRA MEREK DAN ULASAN PRODUK TERHADAP KEPUTUSAN PEMBELIAN COSMETIC PINKFLASH PADA PLATFORM SHOPEE DENGAN MENGGUNAKAN MEDIASI CONSUMER TRUST Rodiyah, Muhimmatur; Fadiyah, Farah; Muzdalifah, Laily
Airlangga Journal of Innovation Management Vol. 6 No. 3 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i3.79188

Abstract

This study aims to investigate the influence of brand image and product reviews on purchase decisions of PinkFlash cosmetics through the Shopee platform, with consumer trust serving as a mediating variable. Using a quantitative method with Partial Least Squares-Structural Equation Modeling (PLS-SEM), data were collected from 160 respondents who had purchased PinkFlash products. The findings show that brand image has a strong and significant effect on consumer trust and purchase decisions, while product reviews significantly influence trust but do not directly affect purchase behavior. However, trust effectively mediates the relationship between brand image and purchase decisions, as well as between product reviews and purchase decisions, highlighting its central role in reducing uncertainty and reinforcing consumer confidence in online shopping. The results also indicate that despite the brand’s temporary crisis related to the discovery of hazardous substances, positive reviews and a favorable brand image remain critical in rebuilding consumer trust. Theoretically, this research contributes to consumer behavior literature by emphasizing trust as both a mediating and direct determinant in e-commerce cosmetics. Practically, the study offers managerial implications for online cosmetic brands to strengthen brand image and manage reviews strategically in order to foster trust and drive purchase decisions, particularly among Generation Z consumers.
Effect of Wages, Economic Growth, and Human Development Index on the Labor Force Participation Rate Djabal, Alvina; Hariani, Ermatry
Airlangga Journal of Innovation Management Vol. 6 No. 4 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i4.75567

Abstract

The annual increase in population is not always accompanied by sufficient growth in employment opportunities, resulting in various labor-related issues. One of the important indicators in assessing labor conditions is the Labor Force Participation Rate (LFPR), which reflects the number of working-age individuals actively participating in the labor market. This study aims to examine the effect of the Regency/City Minimum Wage (Minimum Regional Wages), economic growth, and the Human Development Index (HDI) on the Labor Force Participation Rate in 38 regencies/cities in East Java Province. The data used in this study are secondary data obtained from the Central Bureau of Statistics (BPS), and the analysis was conducted using panel data regression with the aid of E-Views 12 software. The results of the study indicate that MSEs and economic growth have no significant effect on the labor force participation rate, whereas the human development index has a significant effect on the labor force participation rate.
Board Characteristics and Firms' Specific Variables on Capital Structure of Consumer Cyclical and Non-Cyclical Sectors of Shariah-Compliant Firms in Indonesia Bayuny, Ahmad Fadlur Rahman; R. Moh. Qudsi Fauzi; Sunan Fanani; Fathiya Ni'matul 'Aisy
Airlangga Journal of Innovation Management Vol. 6 No. 4 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i4.78549

Abstract

This study is motivated by the growing importance of understanding capital structure decisions in Sharia-compliant firms, particularly as these firms operate under unique governance mechanisms shaped by Sharia principles and the oversight of the Sharia Supervisory Board. The purpose of this research is to examine how board characteristics and firm-specific factors influence capital structure in Indonesia’s consumer cyclical and non-cyclical Sharia-compliant sectors. Using panel data from 57 firms over the period 2007–2020, this study employs the Generalized Method of Moments (GMM) to analyze the effects of board size, commissioner size, and internal firm variables on leverage decisions. The results indicate that larger boards significantly reduce leverage, and greater commissioner presence is associated with lower reliance on debt, while firm age, tangibility, size, growth opportunities, Tobin’s Q, and profitability also play significant roles in shaping leverage decisions. Based on these findings, firms are encouraged to strengthen governance quality, particularly in board structure and supervisory mechanisms, to achieve more prudent and sustainable capital structure policies aligned with Sharia principles.

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