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Contact Name
Zakky Fahma Auliya
Contact Email
zakkyfahma@gmail.com
Phone
+6285741660007
Journal Mail Official
relevance.febi@gmail.com
Editorial Address
UIN Raden Mas Said Surakarta Jalan Pandawa Desa Pucangan Kec Kartasura Kab Sukoharjo
Location
Kab. sukoharjo,
Jawa tengah
INDONESIA
Relevance: Journal of Management and Business
ISSN : 26156385     EISSN : 26158590     DOI : 10.22515
Core Subject : Economy,
RELEVANCE aims to publish articles in the field of Islamic Management and Business, including but not limited to research results, scientific studies, and field cases.
Articles 101 Documents
Faith, Ecology, and Frugality: Unpacking Muslim Consumers’ Motivations Toward Fashion Thrifting Widyaningsih, Meilana; Priyanka, Felyna; Bibi, Safia
Relevance: Journal of Management and Business Vol. 8 No. 2 (2025): December
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v8i2.12717

Abstract

This study unpacks the intertwined motivations of faith, ecological consciousness, and frugality that shape fashion thrifting behavior among Muslim consumers in urban Indonesia. Anchored in Self-Determination Theory (SDT) and the Theory of Planned Behavior (TPB), the research constructs a model that traces how intrinsic motivations (religiosity and environmental awareness) and extrinsic motivation (frugality) inform attitude, subjective norms, perceived behavioral control, and actual thrifting behavior. Differing from previous fragmented approaches, this model’s originality lies in its holistic integration of spiritual and economic drivers within a single structural framework to explain value-laden consumption. Using a cross-sectional survey and SEM-PLS analysis on 194 respondents, the study reveals that attitude serves as the central conduit for these motivations. Frugality emerges as the most consistent direct predictor, while religiosity and ecological awareness exert nuanced indirect influences. Multi-group analysis highlights gender as a significant moderator, whereas generational differences are less pronounced. Practically, these findings suggest that thrift industries should adopt gender-specific marketing that aligns with Islamic ethical values, while policymakers can leverage these spiritual-ecological links to promote sustainable consumption in emerging markets.
Mediating Role of Brand Loyalty in Driving Consumer Advocacy: Evidence from the Coffee Shop Industry Setiawan, Suryadi; Lukitaningsih, Ambar; Fadhilah, Muinah
Relevance: Journal of Management and Business Vol. 8 No. 2 (2025): December
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v8i2.13143

Abstract

This study examines the role of brand loyalty as a mediating variable in the relationship between brand satisfaction, brand attachment, and consumer advocacy in the modern coffee industry, using Kopi Kenangan as a case study. Empirical evidence suggests that consumer satisfaction with product and service quality does not always lead to voluntary advocacy behavior. Guided by Expectancy-Disconfirmation Theory (EDT), this study investigates how functional satisfaction and emotional attachment influence loyalty and subsequently encourage consumer advocacy. A quantitative approach was employed with purposive sampling of 150 respondents who had been active Kopi Kenangan customers for at least six months. Data were collected through an online questionnaire using a five-point Likert scale and analyzed using Structural Equation Modeling (SEM) with AMOS. The results indicate that brand satisfaction and brand attachment have a positive and significant effect on brand loyalty, while brand loyalty strongly influences consumer advocacy. Furthermore, brand loyalty mediates the relationship between brand satisfaction and brand attachment with consumer advocacy. These findings confirm that brand loyalty is shaped not only by functional satisfaction but also by a strong emotional bond between consumers and brands. This study provides practical insights for marketers to strengthen personalized brand experiences and develop emotionally driven loyalty strategies to foster sustainable consumer advocacy in the digital era.
Determinants Of Islamic Financial Services Adoption In Indonesia: UTAUT-DOI Frameworks Pratiwi, Rianti; Suwandaru, Agung; Erismen Armen, Rio; Natraza, Azrina Candra
Relevance: Journal of Management and Business Vol. 8 No. 2 (2025): December
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v8i2.13171

Abstract

This study examines the determinants of Islamic financial inclusion in Indonesia, focusing on internet access effects through integrated Unified Theory of Acceptance and Use of Technology (UTAUT) and Diffusion of Innovations (DOI) frameworks. Probit regression analysis was conducted on 6,606 respondents from the 2018-2019 Financial Inclusion Insights survey. The model includes internet access, demographic characteristics, and socio-economic factors, with comprehensive robustness checks including multicollinearity assessment, goodness-of-fit measures, and sensitivity analyses. Internet access is the strongest predictor of Islamic financial inclusion, with a marginal effect of 2.71 percentage points (p<0.001), representing a 160% relative increase. Marital status shows a 2.24 percentage point effect (p<0.001), while primary education contributes 0.88 percentage points (p<0.10). Unexpectedly, being male decreases adoption by 0.73 percentage points (p<0.05). Urban residence, age, higher education, and employment status show no significant effects. This research is the first to integrate UTAUT-DOI frameworks for Islamic financial services, extends UTAUT to Sharia-compliant behavior, and demonstrates that digital infrastructure can override traditional geographic barriers. The findings reveal context-dependent gender moderation and establish internet access as the highest-leverage policy intervention for expanding Islamic financial inclusion in developing countries.
Financial Flexibility and Financial Constraints: Firm-Level Empirical Evidence Elryanti; Satrio, Arif Budi
Relevance: Journal of Management and Business Vol. 8 No. 2 (2025): December
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v8i2.13197

Abstract

Increasing market competition means that business sustainability depends not only on innovation capacity but also on adaptive financial strategies. One crucial issue related to this strategy is financial flexibility, which enables companies to manage their liquidity and debt capacity effectively in response to funding challenges. This study advances the literature by examining 144 firms (2020-2024) using multidimensional financial flexibility proxies combined with a validated financial constraints index, thereby generating new evidence from Indonesia's institutional environment. Fixed effects, random effects, and the two-step system generalized method of moments analyses were conducted to ensure robustness. Empirical results indicate that financial flexibility has a significant negative impact on financial constraints. These results confirm the crucial role of internal mechanisms in reducing dependence on external funding. This study validates financial flexibility as a strategic instrument in mitigating market imperfections and providing practical insights for companies and regulators in emerging markets.
The Persistence of Profitability: A Dynamic Panel Data Analysis of Indonesian Public Companies Suwandaru, Agung; Filfilan, Assaf Z.; Mahatma Ratri, Anandhayu; Efendi, Alvin Ramadhan Putra; Kurniawan, Cahya Nova; Firdaus, Muhammad Rizki
Relevance: Journal of Management and Business Vol. 8 No. 2 (2025): December
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v8i2.13256

Abstract

This study analyzes the dynamics of profitability for Indonesian public companies, focusing on the persistence of profits and the roles of leverage and firm size. Using a dynamic panel data analysis with a System GMM estimator on data from 44 firms over 24 years, the findings reveal a lack of profitability persistence, indicating that high profits are short-lived in this competitive market. Furthermore, financial leverage has a strong negative impact on profitability, while firm size shows no significant effect. These results suggest that managers should focus on continuous innovation and maintain a conservative debt policy, and that investors should not rely on past performance as a predictor of future returns. The study provides evidence that sustainable advantage in Indonesia stems from factors beyond mere scale or financial leverage.
A Decade of Neuromarketing in Consumer Preferences: A Bibliometric Analysis Nizar Fauzan
Relevance: Journal of Management and Business Vol. 9 No. 1 (2026): June 2026
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v9i1.14311

Abstract

The study aims to provide a decade-long bibliometric and visualization analysis of trends in neuromarketing and consumer behavior. The examination of publication trends and emerging topics. This study uses advanced visualization tools to highlight key developments and thematic shifts in neuromarketing. Employing bibliometrics on 633 documents indexed in the Scopus database, limited to 2010–2025. This study focuses on neuromarketing research that influences consumer behavior. Biblioshiny (Bibliometrix package in R-Studio) and VOSviewer were utilized to map co-authorship networks, citation networks, and keyword co-occurrences. These facilitated automated visualization of the research structure across journals, authors, countries, citations, co-citations, and thematic clusters. The study relied heavily on the Scopus database over the past decade. Future studies suggest that the database include a broader range of neuromarketing studies to offer a constructive of the discipline's evolution and trends. Neuromarketing can more effectively predict consumer behavior. Companies and marketers can use neuromarketing to refine their strategies, ensuring they align with consumer preferences and behavior. This could lead to marketing approaches that engage target consumers more deeply, enhancing satisfaction and loyalty. Consumer behavior benefits but raises ethical concerns regarding consumer manipulation. The study revealed a growing need for ethical guidelines and standards in neuromarketing practices to protect consumers. Establishing ethical frameworks for the neuromarketing practices. This study's bibliometric tools and methods map the evolution and themes of neuromarketing, offering insight into its impact on consumer behavior. This implementation highlights the field's growth and trends, laying the foundation for future research directions.
What Drives Green Choices? A Systematic Literature Review of Consumer Behavior and Sustainability Luki Sri Anggorowati; Ihwan Susila; Kussudyarsana Kussudyarsana; Arumugam G. Sithamparam
Relevance: Journal of Management and Business Vol. 9 No. 1 (2026): June 2026
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v9i1.14443

Abstract

The shift towards sustainable consumption patterns is becoming more urgent as awareness of environmental impacts increases. However, consumer adoption of green products still faces various barriers. This study aims to identify variables, theories, and methodologies that influence consumer behavior towards green products through a systematic literature review (SLR) of 89 scientific articles selected using the PRISMA protocol. The results show that psychological variables such as environmental concern and perceived consumer effectiveness are the main drivers of pro-environmental behavior. In addition, there is also the influence of social norms, cultural values, perceived price, and product accessibility. Theoretically, the Theory of Planned Behavior (TPB) is the most widely used approach, followed by Value-Belief-Norm (VBN) and other multidimensional models. In terms of methodology, quantitative approaches such as Structural Equation Modeling (SEM) are increasingly complemented by mixed methods and contextual analysis. The findings emphasize the importance of a holistic approach in policy development and marketing strategies to increase the adoption of green products.
The Role of CSR and Environmental Transformational Leadership in Shaping Employees’ Environmental Commitment Diah Retno Wulandaru; Zaqiah Vivi Putri
Relevance: Journal of Management and Business Vol. 9 No. 1 (2026): June 2026
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v9i1.14853

Abstract

Despite growing scholarly interest in workplace pro-environmental behavior, limited research has simultaneously examined how Corporate Social Responsibility (CSR) and Environmental Transformational Leadership (ETL) interact to shape employees' environmental commitment and, consequently, Organizational Citizenship Behavior toward the Environment (OCBE). This study aims to investigate the effects of CSR and ETL on environmental commitment and its subsequent influence on OCBE among employees in Indonesian organizations. Data were collected from employees across multiple companies operating in Indonesia with a minimum tenure of six months, and hypotheses were tested using structural equation modeling (SEM). The findings reveal that CSR does not significantly predict environmental commitment, suggesting that CSR initiatives in the Indonesian context remain largely externally oriented rather than internalized by employees. Conversely, ETL demonstrates a significant positive effect on environmental commitment, indicating that leaders who model pro-environmental behavior and articulate compelling sustainability visions are more effective in cultivating employees' internal environmental values. Environmental commitment, in turn, significantly and positively influences OCBE, reflecting that employees with stronger environmental commitment are more inclined to voluntarily engage in pro-environmental behaviors beyond formal role requirements. This study contributes to the green human resource management and leadership literature by demonstrating that internal leadership-driven mechanisms are more influential than external CSR strategies in fostering employee-level environmental behavior. Practically, organizations are advised to prioritize environmentally oriented leadership development alongside value internalization processes to translate sustainability commitments into meaningful employee behavior.
The Non-Linear and Heterogeneous Effects of Inventory Turnover and Liquidity on Profitability: A Panel Quantile Study of Indonesia Firms Rianti Pratiwi; Agung Suwandaru; Nasya Ananda Putri
Relevance: Journal of Management and Business Vol. 9 No. 1 (2026): June 2026
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v9i1.14945

Abstract

This study investigates the non-linear and heterogeneous effects of inventory turnover and liquidity on firm profitability in an emerging market context. Using panel data from 79 non-financial firms listed on the Indonesia Stock Exchange (formerly Bursa Efek Jakarta) over the 2021–2024 period, yielding 316 firm-year observations, this research employs fixed effects models and panel quantile regression (Machado & Santos Silva, 2019) to test for inverted U-shaped relationships and distributional heterogeneity. The findings reveal three primary results. First, inventory turnover exhibits a statistically significant inverted U-shaped relationship with return on assets (ROA), with an optimal turnover level of 8.57 times per year (95% CI: 6.92–10.45), confirmed by the Lind and Mehlum (2010) U-test. Second, the effects of inventory turnover are highly heterogeneous across the profitability distribution: the coefficient increases from 0.521 at the 10th quantile (low-profitability firms) to 1.823 at the 90th quantile (high-profitability firms), indicating that high-profitability firms benefit more than three times as much from inventory efficiency improvements. Third, current ratio exhibits positive effects on profitability that also increase across quantiles, from 0.312 to 0.945. Sub-period analysis reveals that the optimal turnover level shifted from 7.89 during the post-pandemic disruption (2021–2022) to 9.12 during the recovery period (2023–2024). These findings contribute to working capital management theory by integrating non-linearity and heterogeneity, provide managers with a concrete inventory turnover benchmark, and demonstrate the value of quantile regression methods in financial research.
Regenerative Tourism, Stakeholder Behavior, And Sustainable Business Transformation: A Systematic Literature Review Cahya Nova Kurniawan; Almer Rasyid; Khabiza Mirzha Azzahra; Lydia Ery Octalina; Oktavia Dewi Rizka Alam
Relevance: Journal of Management and Business Vol. 9 No. 1 (2026): June 2026
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/relevance.v9i1.14965

Abstract

This study aims to clarify the conceptual ambiguity of regenerative tourism and examine how it contributes to stakeholder behavioral transformation. Using a systematic literature review approach, this study analyzed 62 peer-reviewed articles through thematic synthesis involving open, axial, and selective coding. The findings show that regenerative tourism can be structured into four interrelated layers: ontological foundation, domain orientation, governance and system structure, and operational logic. The review also identifies six behavioral transformation pathways: experiential, cognitive-value, social-relational, institutional, technological, and empowerment pathways. Among these, empowerment emerges as a central mechanism linking governance structures to individual and collective agency. This study contributes to management and business literature by positioning regenerative tourism as a strategic framework for stakeholder engagement, destination governance, sustainable business models, and community-based value creation. The proposed framework offers a basis for future empirical testing and provides practical guidance for tourism managers, destination organizations, and policymakers seeking to design more inclusive and regenerative tourism practices.

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