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Contact Name
Eko Susanto
Contact Email
integrasi.sains.media@gmail.com
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+6285222947074
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integrasi.sains.media@gmail.com
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Jl Pojok RT 2 RW 05 Cikahuripan Kecamatan Lembang
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Kab. bandung barat,
Jawa barat
INDONESIA
Journal Integration of Social Studies and Business Development
Published by Integrasi Sains Media
ISSN : 29881137     EISSN : 29881137     DOI : https://doi.org/10.58229/jissbd
Journal Integration of Social Studies and Business Development (JISSBD) is an international, multidisciplinary, open-access journal aiming to promote and enhance research in all social studies and business development fields. It publishes peer-reviewed articles and encourages an interchange between social studies and business researchers, educators, and managers. The journal has been published regularly since 2022, three times a year in the English language. Authors, editors, and reviewers respect ethical behavior standards when publishing a peer-reviewed article. Editors of the Journal Integration of Social Studies and Business Development vigorously promote research integrity and aim to prevent scientific misconduct, such as fabrication, falsification, plagiarism, redundant publication, and authorship problems. All submitted manuscripts are checked using Turnitin. Our focus and scope are related to social and multidisciplinary studies.
Articles 54 Documents
Evaluating Social Return on Investment (SROI) in a Corporate Social Responsibility Program for Riverside SMEs in Post-Pandemic Indonesia: Evidence from the Extractive Sector Annur, Fajri
Journal Integration of Social Studies and Business Development Vol. 3 No. 2 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jissbd.v3i2.427

Abstract

This study evaluates the social, economic, and environmental value generated by a corporate social responsibility (CSR) initiative implemented by a major extractive-industry firm to support riverside micro-entrepreneurs in post-pandemic Indonesia. Utilizing the Social Return on Investment (SROI) framework developed by Social Value UK, the research adopted a mixed-methods approach, combining interviews, focus group discussions, and secondary data collected from 2020 to 2023. The SROI analysis revealed that the program generated a total social benefit of IDR 5.56 billion against an investment of IDR 4.52 billion, yielding an SROI ratio of 1.23. Key outcomes included increased SME turnover, improved hygiene practices verified through certification, and strengthened community resilience. The Theory of Change (ToC) and a self-developed Social Ripple Effect Model for Riverside Micro-Entrepreneurship (SREM-RM) were applied to trace transformation pathways from inputs to long-term impacts. The findings highlight the strategic role of CSR in empowering micro-enterprises during crisis recovery and provide methodological insights for integrating SROI with ToC in impact evaluation. Policy implications emphasize the importance of digital inclusion, institutionalized support systems, and expanded access to microfinance for sustainable SME development.
Strategic and Financial Evaluation of Spin-Off Structures in a State-Owned Aerospace Enterprise: A Case-Based Simulation Study Kevin Rizky Hidayat; Taufik Faturohman
Journal Integration of Social Studies and Business Development Vol. 3 No. 2 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jissbd.v3i2.428

Abstract

This study assesses the financial feasibility and strategic implications of corporate spin-offs within state-owned enterprises (SOEs) in emerging markets, focusing on a capital-intensive aerostructure division within a national aerospace firm. Despite the extensive literature on corporate restructuring in developed economies, ex-ante quantitative analysis of SOE spin-offs remains limited, particularly in the aerospace sector. This research addresses that gap by evaluating two ownership structures—a wholly-owned subsidiary (Scenario 1) and a 60/40 joint venture (Scenario 2)—through a five-year Discounted Cash Flow (DCF) valuation complemented by Monte Carlo simulation. The results indicate that while both models are financially viable, the joint venture structure yields a superior intrinsic equity value of 1.30 times the initial capital, offering a 14.4% premium over the subsidiary model. This advantage is attributed to operational synergies that raise the division’s Return on Invested Capital (ROIC) to an average of 16.05%, surpassing the Weighted Average Cost of Capital (WACC) benchmark. Monte Carlo simulations confirm the robustness of this scenario, with a mean expected equity value 29% higher than the base case. Theoretically, the study contributes to corporate finance and restructuring literature by integrating Agency Theory, the Resource-Based View, and Trade-Off Theory to explain how joint ventures can mitigate agency costs, enhance resource access, and optimize capital structure in SOEs. These findings offer empirical insights into the design of spin-off strategies under ownership constraints typical of emerging market institutions.
Integrating ESG (Environmental, Social, Governance) into Strategic Planning for Islamic Banks: Implications for Performance and Competitiveness Prilaksono, Kursusantyo Dudung; Novianty, Ira
Journal Integration of Social Studies and Business Development Vol. 3 No. 2 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jissbd.v3i2.432

Abstract

Phenomenon. The growing global emphasis on Environmental, Social, and Governance (ESG) has reshaped sustainable finance practices. However, Islamic banks face distinct challenges in integrating ESG due to the need to align it with Shari’ah compliance, which emphasizes justice, ethical conduct, and long-term sustainability. The conceptual divergence between conventional ESG frameworks and Islamic values raises uncertainty regarding the strategic internalization of ESG in Islamic banking. Purpose. This study synthesizes the literature published between 2015 and 2024 to examine how ESG is integrated into the strategic planning of Islamic banks and its implications for sustainable performance and competitiveness, considering the mediating role of strategic processes and the moderating role of Shari’ah governance. Research Gap. Prior studies largely treat ESG as a stand-alone reporting practice rather than a strategic driver, while integrated analyses linking ESG, strategic planning, and Shari’ah governance remain scarce. Findings. Based on a PRISMA-guided Systematic Literature Review, the findings reveal that ESG adoption in Islamic banks remains predominantly symbolic due to fragmented standards and limited strategic embedding. ESG contributes meaningfully to sustainable performance and competitiveness only when embedded in strategic processes and reinforced by effective Shari’ah governance. Implications and Novelty. This study positions ESG as a value-based strategic mechanism and provides the first integrative review linking ESG, strategic planning, and Shari’ah governance within a unified conceptual framework to explain sustainable performance and competitiveness in Islamic banking.
Determinants of In-App Purchase Behavior in Augmented Reality Mobile Games: An Empirical Study of Pokémon Go Players in Indonesia Indra Raga Cahyamukti; Utomo Sarjono Putro
Journal Integration of Social Studies and Business Development Vol. 3 No. 2 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jissbd.v3i2.434

Abstract

In-app purchases (IAPs) are the primary revenue source for mobile games; however, sustaining player spending remains challenging, particularly in augmented reality (AR) games in emerging markets. While prior studies have examined IAP behavior in conventional mobile games, empirical evidence in AR contexts remains limited. This study investigates the determinants of in-app purchase intention among Pokémon GO players in Indonesia by integrating the Theory of Planned Behavior with expectation-confirmation and price fairness perspectives, while incorporating event design as a contextual factor. By positioning event design as a contextual antecedent within the Theory of Planned Behavior framework, this study extends prior TPB applications in mobile gaming by capturing how event-based features shape attitudinal and control-related evaluations in AR games. Data were collected via an online survey of 337 Indonesian players who had made at least one in-app purchase in the previous 12 months. The proposed research model was analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that attitude toward purchase is the strongest predictor of purchase intention, followed by perceived behavioral control and subjective norm. Event design and price fairness significantly influence attitude toward purchase, while event design also enhances perceived behavioral control. In contrast, expectation confirmation does not have a significant effect on attitude toward purchase. The findings highlight the importance of event-based value delivery and perceived fairness in sustaining monetization in AR mobile games.