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INDONESIA
IIJSE
Published by Universitas KH. Abdul Chalim
ISSN : -     EISSN : 2621606X     DOI : https://doi.org/10.31538/iijse
Core Subject : Economy,
Economics, Econometrics & Finance
The Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) is Sharia Economics Journal published by Sharia Economics Department Institut Pesantren KH. Abdul Chalim, Mojokerto. The Journal focuses on the issues of Sharia Economics, the History of Islamic Economic Thought, Islamic Law, Local Wisdom in Sharia Economic Perspective, and others related to Sharia economics. The journal is published periodically triannually in March, July, and November. Guidance for submission: ֎ The manuscript submitted to IIJSE must never be published elsewhere. ֎ The IIJSE is published in English. ֎ The articles must be submitted via OJS in Microsoft Word format. ֎ The articles should follow APA reference, with the body note, max 4000 words, and APA citation style.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 2,568 Documents
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The Influence of Work Environment and Organizational Culture on Work Productivity at PT Siraj Badawi Cukup Rupiah (Surabraja) Tasya Vanisa; Luciano Garai Alasti Yacobi; Syahrul Mubarak; Siti Maryam
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7892

Abstract

Human resources play a crucial role in every activity of a company, which must be supported by a conducive work environment and a structured organizational culture. The objective of this analysis is to conduct a study on how the roles of the work environment and organizational culture affect work productivity at PT Siraj Badawi Cukup Rupiah. The population of this research consists of all employees of Siraj Badawi Cukup Rupiah (SURABRAJA), totaling 160 individuals, and this study employs a census method (total sampling). The researcher utilizes multiple linear regression analysis, as this study involves more than one independent variable to explain the variance in the dependent variable, using SPSS as a tool. The findings of this research confirm that (1) the work environment has a positive and significant effect on work productivity partially, (2) organizational culture has a positive and significant effect on work productivity partially, and (3) both the work environment and organizational culture have a positive and significant effect on work productivity simultaneously. A positive and strong organizational culture can enhance productivity by creating an environment that fosters collaboration, innovation, accountability, and commitment.
The Influence of Brand Image and Brand Trust on the Decision to Purchase XL Axiata Data Packages in Pontianak Gentar Pardeanto; Samsuddin Samsuddin
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7894

Abstract

This study aims to determine the effect of brand image and brand trust on purchasing decisions for XL Axiata data packages in Pontianak City. The background of this study is the rapid development of the telecommunications industry, the importance of consumer perceptions of brands, and increasingly tight competition between service providers. This study uses a quantitative approach with 100 respondents selected through a purposive sampling method. Data were collected through questionnaires and analyzed using validity, reliability, classical assumptions, and multiple linear regression tests with the SPSS version 25.0 application. The results showed that brand image and brand trust had a significant and positive effect on purchasing decisions. Brand image was measured through indicators of identity, personality, association, and brand behavior, while brand trust was assessed based on brand characteristics, company credibility, and friendship between consumers and brands. The regression results showed a correlation value of R = 0.718, which means a strong relationship, and a determination coefficient value of R² = 0.515, which means that both variables explain 51.5% of the variation in purchasing decisions. The results of the t-test show that brand image (t = 4.346; sig. = 0.000) and brand trust (t = 3.418; sig. = 0.001) have a significant partial effect. The F test (F = 32.912; sig. = 0.000) proves that there is a simultaneous effect.y offers a unique perspective on community-driven poverty alleviation strategies.
Analysis of the Influence of Dividend Policy and Investment Decisions on the Share Prices of IDX Manufacturing Companies 2019–2023 Nova Dwiyanti; Eko Giyartiningrum
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7896

Abstract

This study aims to analyze the implications of the existence of the Indonesian National Cooperative Council (Dekopin) in the context of national cooperative development. Using a qualitative descriptive method with a normative juridical approach, this research explores the legal, institutional, and operational aspects of Dekopin following the issuance of Law Number 11 of 2020 concerning Job Creation. The study finds that Dekopin's current structure raises legal questions regarding its institutional legitimacy, especially with the establishment of two competing organizational versions, which contradict the principles of cooperative unity and the Indonesian Cooperative Law. The results reveal that the government's ambiguity in enforcing legal clarity has led to confusion among cooperative actors and weakened the cooperative movement. This research suggests that the government needs to immediately revise or provide legal certainty regarding Dekopin's institutional status to strengthen the cooperative sector's governance and unity. The study also highlights the need for a more inclusive and democratic cooperative representation to ensure the optimal realization of cooperative development in Indonesia.
The Marketing Strategy and Florist Business Development at Little Puff Florist Endah Cahyaning Astuti; Ma’mun Sarma; Joko Purwono
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7971

Abstract

The florist industry has experienced significant growth in recent years, particularly due to increased consumer interest in flowers as part of home decor, gifts, and special events. However, the competitive market and changing consumer preferences demand that florists adopt effective marketing strategies and understand the internal and external factors that can impact their business. By leveraging internal strengths and external opportunities, while addressing weaknesses and threats, florists can design effective strategies for business development. The methods used in this study are qualitative with a case on Little Puff Florist. SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is utilized to identify internal and external factors, and QSPM (Quantitative Strategic Planning Matrix) decision stage to evaluate alternative strategies based on internal and external success factors. The alternative strategies for Little Puff include improving customer service, enhancing marketing through digital technology, and developing products with new innovations. The marketing and development strategies employed by Little Puff are market penetration and product development. The SWOT analysis indicates maintaining product quality, improving service, enhancing product development, and maintaining customer trust.
The Influence of Content Marketing and Influencers on Online Buying Interest in Motorcycle Spare Parts at TikTok Shop Muhamad Munawir; Ezhar Taqfhiran Calies; H Misbak; Tiara Muthiarsih
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7981

Abstract

This study aims to analyze the influence of content marketing and influencers on generation Z's online buying interest in motorcycle spare parts products on the TikTok platform. Using a quantitative descriptive method with survey techniques, the study involved 200 respondents of generation Z TikTok users who had purchased motorcycle spare parts products through purposive sampling. Data was collected using an online questionnaire with a Likert scale and analyzed using SPSS. The results showed that all variables were valid and reliable with normally distributed data. Multiple regression analysis resulted in the equation Y = 8.837 + 0.220X1 + 0.515X2, showing content marketing (t = 5.632; sig = 0.000) and influencers (t = 7.148; sig = 0.000) have a significant positive effect on online purchase intention. The F test shows Fcount = 154.877> Ftable = 3.04 with a significance of 0.000, proving that both variables simultaneously have a significant effect. The coefficient of determination of 0.611 shows content marketing and influencers explain 61.1% of the variation in online purchase intention, with a strong correlation of content marketing (r = 0.714) and influencers (r = 0.741). The findings confirm digital marketing strategies through content marketing and influencer marketing are effective in increasing Generation Z's online purchase intention on motorcycle spare parts products on the TikTok platform.
Analysis of the Role of Communication Competence, Credibility, and Information Quality Of The “Tanya” Chatbot on Tokopedia Consumers’ Purchase Intention: A Mediating Approach Through User Satisfaction in the Era of Smart E-Commerce Diajeng Mustika Rany; Arif Hartono
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8024

Abstract

The development of digital technology has driven the adoption of chatbots as one of the innovations in customer service within e-commerce platforms. Tokopedia, as one of Indonesia’s leading e-commerce platforms, introduced the chatbot “TANYA” to enhance user experience. However, the effectiveness of chatbots in influencing users' purchase intention remains a question, considering various factors that may affect online purchase decisions. Therefore, this study examines the influence of communication competence, information quality, and credibility on purchase intention, with satisfaction as a mediating variable among Tokopedia chatbot users. This research employs a quantitative method using a survey approach with 195 respondents who are users of the “TANYA” chatbot on Tokopedia. Data analysis was conducted using PLS-SEM with SmartPLS software. The results indicate that communication competence, credibility, and satisfaction positively and significantly affect purchase intention, while information quality positively affects satisfaction. Furthermore, satisfaction is proven to mediate the relationship between information quality and purchase intention. This study contributes to enriching the digital marketing literature on the effectiveness of chatbots in shaping consumer satisfaction and purchase intention. It also provides managerial implications for e-commerce platform managers in optimizing chatbot features to increase purchase transactions.
The Influence of Net Profit Margin, Return on Assets, and Earnings per Share on Stock Price with Debt to Equity Ratio as a Moderating Variable in the Basic Materials Secto Ifan Pradipra Alamsyah; Fuad Ramdhan Ryanto
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8026

Abstract

This study aims to analyze the influence of Net Profit Margin (NPM), Return on Assets (ROA), and Earnings per Share (EPS) on stock prices in companies within the Basic Materials sector, with Debt-to-Equity Ratio (DER) as a moderating variable. The research uses a quantitative approach with an associative type of study. Secondary data were obtained from the annual financial statements of companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The testing was conducted through Moderated Regression Analysis (MRA), preceded by classical assumption tests. The analysis results show that in the first model, the relationship between NPM, ROA, and EPS with stock prices is moderately strong, with a correlation value of 0.557 and a coefficient of determination of 31%. When DER is included as a moderating variable in the second model, the relationship becomes strong, with a correlation value of 0.670 and the coefficient of determination increases to 44.9%. Simultaneously, NPM, ROA, EPS, and DER along with their interaction terms significantly influence stock prices. The results indicate that NPM, ROA, and EPS each have a positive and significant partial effect on stock prices. DER also has a positive and significant effect. However, the moderating interaction results show that DER significantly moderates the relationship between NPM, ROA, and EPS on stock prices in a negative direction. This means that a higher DER weakens the positive influence of these three financial ratios on stock prices. These findings highlight the importance of optimal capital structure management to avoid diminishing market perceptions of a company’s value. The results suggest that optimal capital structure and operational efficiency are key factors in shaping market perception of firm value.
Influence of Capital Structure, Liquidity, and Profitability on Firm Value with Dividend Policy as an Intervening Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange Dwi Afriliandy Lasmo; Dedi Hariyanto
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8027

Abstract

This study aims to address this gap by analyzing the effect of capital structure, liquidity, and profitability on firm value, with dividend policy as a mediating variable, focusing on manufacturing companies listed on the IDX in 2023 and 2024. This quantitative study uses secondary data from the Indonesia Stock Exchange and official company websites. The data consist of financial statements from manufacturing companies listed on the IDX during 2023–2024. Samples were selected through purposive sampling with these criteria: listed during 2023–2024, distributed dividends, and had accessible financial reports. Based on the analysis of manufacturing companies listed on the Indonesia Stock Exchange in 2023–2024, capital structure, liquidity, and profitability each significantly affect dividend policy, where sound capital structure, strong liquidity, and high profitability support greater dividend distribution. Liquidity and profitability also have a direct positive impact on firm value, while capital structure negatively affects it due to financial risk. Dividend policy significantly enhances firm value by signaling stability to investors. Furthermore, dividend policy mediates the relationship between liquidity and firm value, but it does not mediate the effects of capital structure or profitability on firm value.
Analysis of the Influence of Capital Structure, Working Capital Turnover, and Profitability on Firm Value with Firm Size as a Moderating Variable (Industrials and Basic Materials Sector Listed on the IDX) Putri Febrianti
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8028

Abstract

This study aims to examine the effect of capital structure, working capital turnover, and profitability on firm value with firm size as a moderating variable in the Industrials and Basic Materials sectors listed on the Indonesia Stock Exchange (IDX) for the period 2021–2023. Using a quantitative approach and associative research type, this study employs secondary data through documentation techniques. The sampling method used is purposive sampling, with a final sample of 73 companies that consistently published sustainability reports. The analytical method used is Moderated Regression Analysis (MRA), preceded by classical assumption testing. The results indicate that capital structure, working capital turnover, and profitability each have a significant and negative effect on firm value. Additionally, firm size significantly moderates the relationship between working capital turnover and profitability on firm value but does not moderate the relationship between capital structure and firm value. The coefficient of determination (R²) shows that 91.4% of the variation in firm value can be explained by the variables in the model. These findings suggest that optimal capital structure, effective working capital management, and consistent profitability considering firm size are critical to sustaining firm value.
The Influence of Financial Behavior, Income, and Risk on the Use of Shopee PayLater among the People of Singkawang City with Locus of Control as a Moderating Variable Elfi Hiddaryah; Edy Suryadi
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8029

Abstract

This study aims to analyze the influence of financial behavior, income, and risk on the use of Shopee PayLater services in Singkawang City, with locus of control serving as a moderating variable. The research employs an associative quantitative approach. A total of 150 active Shopee PayLater users were selected as respondents using purposive sampling. The research instruments were tested for validity and reliability, followed by data analysis through multiple linear regression and Moderated Regression Analysis (MRA). The results indicate that financial behavior and income have a significant positive effect on the use of Shopee PayLater, while risk does not show a significant influence. Locus of control is proven to moderate the relationship between financial behavior and income with the use of Shopee PayLater, but it does not moderate the relationship between risk and the use of the service. These findings suggest that individuals with a high level of self-control tend to use digital credit services more wisely. This study offers a meaningful contribution to understanding the psychological and financial factors that influence consumer behavior in using digital financial services in the era of financial technology.

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