cover
Contact Name
Khusnul Rofida Novianti
Contact Email
khusnulrofida@umm.ac.id
Phone
+6285733115076
Journal Mail Official
jamanika@umm.ac.id
Editorial Address
Management Department, Faculty of Economics and Business, Universitas Muhammadiyah Malang Gedung Kuliah Bersama 2, 2nd Floor. Jalan Raya Tlogomas 246, Kota Malang, East Java, Indonesia
Location
Kota malang,
Jawa timur
INDONESIA
Jurnal Manajemen Bisnis dan Kewirausahaan
ISSN : -     EISSN : 27761118     DOI : https://doi.org/10.22219/jamanika
Core Subject : Science,
Jamanika is open access journal that published both quantitative and qualitative research articles related to the fields of management and entrepreneurship. Subjects suitable for publication include the following fields: - Finance Management - Operation Management - Human Resource Management - Marketing Management - Strategic Management - Entrepreneurship The submitted articles in any management and entrepreneurship subjects and any research methodology that meet the standards established for publication in the journal. The primary, but not exclusive, audiences are academicians, graduate students, practitioners, and others interested in management and entrepreneurship research. The primary criterion for publication is the significance of the contribution an article makes to the literature in the management and business area, i.e., the significance of the contribution and the rigor of analysis and presentation of the paper. The acceptance decision is made based upon an independent review process that provides critically constructive and prompt evaluations of submitted manuscripts. Peer Review Process
Articles 189 Documents
Profit Optimization of Fajar Rohmah Rooftile Industry Using Linear Programming Simplex Method Alan Rusdiana; Rita Silvia Pamuji; Robi Maulana Magribi; Linda Nur Aeni; Asmi Afipah
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.39946

Abstract

This study aims to calculate the maximum profit from sales and assess the application of the simplex method in addressing raw material constraints in the production of Morando rooftiles, Palentong rooftiles, and bricks at the Fajar Rohmah Rooftile Factory. A quantitative approach was employed, using primary data collected through interviews with the factory owner in Ranji Kulon Village, Jatiwangi. Data processing and analysis were conducted using POM-QM for Windows software. The results indicate that the factory’s current production strategy is not optimal. An optimal profit of IDR 39,000,000 can be achieved by producing 18,000 Morando rooftiles and 4,125 bricks, while Palentong rooftiles are excluded from production. The study contributes theoretically by demonstrating the applicability of linear programming in optimizing industrial production under resource constraints. Practically, it provides a decision-making tool for production planning in SMEs. However, the study is limited to a single observation period and specific input constraints. Future research should incorporate sensitivity analysis and multi-period modelling to enhance the robustness and adaptability of the model across changing operational conditions.
The Effect of Financial Factors on Financial Distress in Manufacturing Companies on the IDX Marselino Wau; Jhon Firman Fau; Ferdinand Tharorogo Fau; Shindy Dwita Nuansari
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.40727

Abstract

This study aims to find financial factors that impact financial Distress in 200 manufacturing companies listed on the Indonesia Stock Exchange (IDX). This study uses secondary data from these companies' annual financial statements. The variables analyzed include cash flow, profitability, and leverage. The analysis method used is multiple regression to determine the effect of each variable on financial Distress. The results showed that profitability significantly affects financial Distress, while leverage has a negative but insignificant effect. Cash flow does not show a significant impact on financial Distress. This study highlights the importance of understanding the interaction between financial factors in managing the risk of financial Distress in manufacturing companies. The results of this study provide practical implications for company management in maintaining financial health by emphasizing increasing profitability and managing leverage appropriately.
Unpacking The Dynamics Of MSMES’ Adoption Of Affiliate Marketing: Insights From The AMC Framework And Development Culture Marisya Mahdia Khoirina; Rizcha Dwi Safitri; Tyas Ajeng Nastiti; Alfina; Aditya Narendra Wardhana; Galuh Aura Balqis
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.40875

Abstract

This study explores the dynamics behind the adoption of affiliate marketing strategies by Micro, Small, and Medium Enterprises (MSMEs) within Indonesia's e-commerce ecosystem, particularly on the Shopee platform. Utilizing the Awareness-Motivation-Capability (AMC) framework, the research identifies key factors influencing MSMEs' intentions, including observability, perceived usefulness, relative advantage, and compatibility. The research population consists of MSMEs in Indonesia registered with Shopee. Out of 168 complete questionnaires returned, 155 were deemed suitable for analysis after excluding incomplete responses. Using a quantitative method with a survey approach, data were analyzed using Structural Equation Modelling (SEM). The findings reveal significant positive effects of these factors on adoption intention, while social influence shows no notable impact. Contrary to expectations, development culture does not moderate the relationships between the identified factors and adoption intention. The study emphasizes the importance of measurable outcomes, strategic alignment, and resource compatibility in fostering affiliate marketing adoption. Practical insights for businesses and policymakers are provided, along with recommendations for future research to explore additional moderating variables and expand the analytical framework. The limitations of this study include a focus on industries that may not be fully familiar with affiliate marketing, the use of cross-sectional data which limits generalization and the observation of adoption intention dynamics over time, the reliance on secondary data from specific sources, and the exclusion of other significant variables such as cost structures, social media influence, or regulatory environments. For future research, it is suggested to incorporate longitudinal data, explore other moderating or antecedent variables, and expand the industry and geographical scope for higher external validity.
Purchase Decisions: Reviewed from Content Marketing, Event Marketing, and Brand Image Anita Indah Sari; Dewi Komala Sari; Muhammad Yani
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.41025

Abstract

The purpose of this study is to determine the influence of content marketing, event marketing, and brand image on consumer purchasing decisions at the Deliwafa Store in Sidoarjo. This study uses a quantitative approach with a population of Sidoarjo residents aged 17 years and over who have made purchases at the store. The sampling technique was carried out using a non-probability sampling method through a purposive sampling approach with a total of 100 respondents. Data were collected through a questionnaire using a Likert scale as a measuring tool. Data analysis was carried out using the PLS-SEM method using SmartPLS 4.0 software. The results of the study prove that content marketing, event marketing, and brand image influence consumer purchasing decisions.
Exploring the Relationship between Financial Information, Corporate Governance and Sustainability Performance: A Study of Banking Companies in Indonesia Eka Lestari Hafqi Putri; Afrillia Nindy Olyviasyah; Yossy Imam Candika; Novyandri Taufik Bahtera
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.41103

Abstract

The sustainability of a business can be identified by assessing its sustainability performance. Measuring sustainability performance is necessary for banks to survive and thrive in an increasingly complex era. The banking sector has been considered a sector with a significant contribution to driving the Indonesian economy. Applying sustainability principles in this sector is believed to drive better company performance. This study aims to analyse the influence of financial information such as Capital Adequacy Ratio, Return on Assets, Net Interest Margin, Operating Costs to Operating Income, Institutional Ownership, Board of Directors Composition, and Independent Commissioners Composition on Banking Sustainability Performance in Indonesia during the 2018-2022 period. The method used in sample selection is purposive sampling. The sample obtained is 24 banks for the period 2018-2022. The population used is banks that have been listed on the Indonesia Stock Exchange (IDX) in the 2018-2022 period. The research method used in this study is a quantitative method with a Multiple Linear Regression Analysis approach. The results of this study indicate that CAR and Board of Directors Composition significantly positively affect sustainability performance. NIM, BOPO, and Institutional Ownership significantly negatively affect sustainability performance. ROA and Independent Commissioner Composition do not affect sustainability performance.
The Role of CAR as a Mediating Variable in the Impact between NPF and FDR on ROA of Islamic Banks Zulfia Rahmawati; Rifka Sari Pratiwi
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.41556

Abstract

This study investigates the mediating role of Capital Adequacy Ratio (CAR) in the relationship between Non-Performing Financing (NPF), Financing-to-Deposit Ratio (FDR), and Return on Assets (ROA) in Indonesian Islamic banks. Addressing conflicting findings in prior literature, we employ Partial Least Squares Structural Equation Modelling (PLS-SEM) to analyze quarterly financial data (2021–2024) from all four Islamic banks listed on the Indonesia Stock Exchange (n = 64 reports). Results demonstrate that NPF negatively impacts CAR (β=-0.539, p<0.001) and directly reduces ROA (β=2.294, p<0.001), while FDR shows no significant effects on either CAR (β=-0.277, p=0.093) or ROA (β=-0.242, p=0.127). Crucially, CAR fully mediates the NPF-ROA relationship (β=4.194, p<0.001), explaining 67.2% of CAR variance (R²=0.672) and 38.4% of ROA variance (R²=0.384). These findings highlight CAR's dual role as both a regulatory buffer and profitability stabilizer in Islamic banking, contrasting with conventional banking models where liquidity (FDR) typically influences performance. The study advances theoretical understanding of Sharia-compliant risk management by demonstrating how profit-sharing mechanisms decouple liquidity from profitability. For practitioners, results emphasize prioritizing asset quality over liquidity metrics in Islamic bank strategy. Future research should incorporate governance and macroeconomic variables to enhance model explanatory power.
Risk and Profitability in Indonesian Rural Bank: The Moderating Role of Female Commissioners Frederica Oepit Berliantina; Iramani; Linda Purnama Sari
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.41884

Abstract

This research examines the moderating role of female commissioners in the relationship between business risks and profitability, specifically within the framework of Indonesian rural banks (BPRs). By integrating theories of Good Corporate Governance, Risk Management, and Gender Diversity, this study analyzes how various risks, namely credit risk, represented by non-performing loans (NPL), liquidity risk evaluated through the current ratio (CR), and operational risk measured by the operating expenses to income ratio (BOPO), affect profitability, as indicated by Return on Assets (ROA). Additionally, it explores how the involvement of female commissioners may alleviate these risks. The analysis utilizes panel data from a sample of 30 BPRs in the Malang Raya region over the period from 2019 to 2023, employing fixed-effect regression models with interaction terms. The findings reveal that both credit risk and operational risk significantly diminish profitability, whereas liquidity risk does not exhibit a consistent impact on profitability outcomes. Importantly, the presence of female commissioners is shown to moderate the adverse effects of credit risk, thereby mitigating its negative influence on ROA. These results underscore the strategic importance of fostering gender diversity within corporate governance structures as a vital strategy for enhancing risk management practices and strengthening institutional resilience.
The Role of Locus of Control as a Mediator in the Impact of Financial Literacy and Income on Investment Decisions of Small and Medium Enterprises (SMEs) Shafa Rahmadina; Dewi Nurjannah; Fika Fitriasari; Chalimatuz Sa’diyah
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v5i2.41925

Abstract

This study aims to investigate the mediating role of locus of control in the relationship between financial literacy, income, and investment decisions among Small and Medium Enterprises (SMEs) in Malang City, a region known for its dynamic growth in the fashion sector. Employing a quantitative descriptive approach with Partial Least Squares-Structural Equation Modelling (PLS-SEM), the research analyzes data from 120 SME owners selected through proportional random sampling. The findings reveal that both financial literacy and income have a positive influence on locus of control, which in turn significantly impacts investment decisions. Moreover, locus of control is shown to mediate the effect of financial literacy and income on investment decisions. This research contributes to behavioural finance literature by highlighting the pivotal role of psychological factors, such as locus of control, in shaping financial decision-making within SMEs. Practically, these results suggest that SME associations and policymakers should prioritize financial education and self-control development programs to enhance investment decisions. By doing so, they can foster better economic outcomes for SMEs in the region.
Live Shopping, Flash Sale, and Social Proof on Brand Loyalty: The Mediating Role of Perceived Value and Customer Satisfaction Marcela Junita Rinnovi M; Anak Agung Putu Agung; I Gusti Agung Eka Teja Kusuma; Ni Putu Cempaka Dharmadewi Atmaja
Jurnal Manajemen Bisnis dan Kewirausahaan Vol. 6 No. 2 (2026): SEPTEMBER
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jamanika.v6i2.45294

Abstract

This study examines how three customer experience stimuli in TikTok Live Shopping, namely Live Shopping, Flash Sale, and Social Proof, relate to Brand Loyalty for facial wash products, with Perceived Value and Customer Satisfaction as sequential mediators. Survey data from 321 TikTok users in Bali, Indonesia, who had bought facial wash through Live Shopping were analysed with partial least squares structural equation modelling (PLS-SEM), using bias-corrected and accelerated bootstrap confidence intervals as the decision criterion. Live Shopping (β = 0.470) and Flash Sale (β = 0.284) were positively associated with Perceived Value, whereas Social Proof was not. Perceived Value was the strongest predictor of Customer Satisfaction (β = 0.467), and Customer Satisfaction the strongest predictor of Brand Loyalty (β = 0.528). None of the three stimuli had a significant direct path to Brand Loyalty. The associations of Live Shopping and Flash Sale with Brand Loyalty ran through indirect routes, including the serial Perceived Value–Customer Satisfaction route (β = 0.116 and β = 0.070), while Social Proof reached Brand Loyalty only through a small path via Customer Satisfaction and its total indirect effect was not significant. The results held after excluding respondents who named more than one brand and after controlling for reference-brand differences. Because the design is cross-sectional, the findings describe a pattern consistent with staged loyalty formation rather than proof of causality. In practice, live selling and flash sales appear to support loyalty mainly when they strengthen customers' value judgements and satisfaction.