cover
Contact Name
Mohamad Toha
Contact Email
motoha013@gmail.com
Phone
+623216855722
Journal Mail Official
iijse.ikhac@gmail.com
Editorial Address
Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
Location
Kab. mojokerto,
Jawa timur
INDONESIA
IIJSE
ISSN : -     EISSN : 2621606X     DOI : https://doi.org/10.31538/iijse
Core Subject : Economy,
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.
Articles 2,520 Documents
Analysis of Inflation Factors, Interest Rates, Profitability, Liquidity, and Leverage in Predicting Stock Returns of Energy Sector Companies Wahidatul Mumtazah; Siti Atikah
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6739

Abstract

The stock market is always influenced by various economic and financial factors that determining investor profits. In energy companies, inflation, changes in interest rates, and the company's financial condition, such as profitability, liquidity, and leverage, are important factors that affect stock returns. This study analyzes the influence of these factors on energy companies on the Indonesia Stock Exchange during 2021–2023 and uses multiple linear regression tests. This study found that interest rates and profitability have a significant effect on stock returns, while inflation, liquidity, and leverage do not have a significant effect. These findings indicate that changes in interest rates can have a negative impact on stock returns, while profitability plays a role in determining the level of stock returns. These results indicate that interest rates and profitability need to be considered in investment decisions in the energy sector.
The Influence of Local Revenue and Transfer Funds on Regional Expenditure in the City of Jayapura in 2014-2023 Negeru Kogoya; Endarwati Endar
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6747

Abstract

This study aims to analyze the effect of Local Own-Source Revenue (PAD) and Transfer Funds on Regional Expenditures in Jayapura City from 2019 to 2023. The research employs a quantitative approach using multiple linear regression analysis to assess the relationship between the independent variables (PAD and Transfer Funds) and the dependent variable (Regional Expenditures). The results indicate that PAD and Transfer Funds significantly impact regional expenditures individually and simultaneously. The findings suggest that while Jayapura City has experienced growth in PAD, it remains heavily reliant on transfer funds from the central government. This study provides insights for policymakers to enhance fiscal independence by optimizing local revenue sources and ensuring effective allocation of transfer funds for regional development.
Digital Marketing and Consumer Experience in Building Brand Green Innovation in SMEs: The Trend Analysis Using a Bibliometric Analysis Anugerah Dachi; Susilo Utomo; Elly Siti Nurliyah; Teguh Prakoso; Rina Apriliani
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6749

Abstract

SMEs play a key role in promoting environmental sustainability. One important aspect is the adoption of green innovation to enhance environmental performance. This study explores research trends on green innovation in SMEs using bibliometric analysis based on 229 publications from the Web of Science database. The analysis, conducted with VOSviewer, covers publication patterns, leading journals, most cited and productive authors, keyword trends, and future research directions. The Journal of Cleaner Production emerged as the top journal, while Afum Ebenezer, Agyabeng-Mensah, and Charles Dad were among the most prolific authors. Jiangsu University was the most productive institution. Future research is expected to explore themes like open innovation, green HRM, green finance, and competitive advantage. This study is limited to SMEs and the Web of Science database, suggesting the need for broader future studies across other sectors. This bibliometric analysis contributes new insights into the intersection of green innovation and SMEs.
The Influence of Revenue Growth Rate and Initial Public Offering on Stock Price Estimation Sri Lestari Yuli Prastyatini; Dini Resita
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6760

Abstract

This study examines the impact of Revenue Growth Rate and Initial Public Offering (IPO) on the projected stock prices of e-commerce companies listed on the Indonesia Stock Exchange between 2020 and 2023. Utilizing a quantitative approach, the research employs multiple linear regression analysis on secondary data from 30 e-commerce firms. The findings indicate that both Revenue Growth Rate and IPO have significant and positive effects on estimated stock prices, with a strong correlation between revenue growth and stock prices. While a sample size of 30 firms may seem adequate, the study could benefit from exploring the representativeness of this sample concerning the broader e-commerce industry, as a small sample size may introduce bias. Comparative analysis with similar markets, such as Southeast Asia, could provide additional context. Furthermore, it is essential to conduct further examination of the long-term effects of IPOs on stock prices, including price behavior in the 6 months to one year following the IPO, to yield deeper insights. These findings are expected to offer guidance for investors and stakeholders in making informed investment decisions within the e-commerce sector.
A Systematic Review of Psychological Biases in Gen Z Stock Investment Decisions Haqibul Mujib; Muhammad Said
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 3 (2024): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i3.6772

Abstract

Investors tend to make irrational decisions due to psychological considerations. This study aims to analyze the psychological bias among Generation Z toward Islamic stock investment. A review of 73 studies published between 2017 and 2023 was conducted using the Publish or Perish tool. The results show that, in general, the most studied biases are overconfidence bias (84% significance), herding bias (65% significance), and representativeness bias (56% significance). Furthermore, the age of the respondents shows that the most frequently studied biases among young investors are overconfidence bias (83% significance), followed by regret aversion bias (60% significance), and lastly is herding bias (50% significance). Meanwhile, the most studied biases among student investors are representativeness bias (80% significance), overconfidence bias (75% significance), and herding bias (63% significance). The findings of this study are expected to contribute to further research on stock investment decision biases.
The Influence of Product Quality, Price, and Promotion on Purchasing Decisions for Hybrid Chicken Eggs at CV Maju Jaya Karya Bersama in Ketapang Regency Azhar Mahendra; Sukardi Sukardi
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6780

Abstract

This study examines the factors influencing purchasing decisions for hybrid chicken eggs at CV Maju Jaya Karya Bersama in Ketapang Regency. The study focuses on three main factors: product quality, price, and promotion, and investigates how these elements affect consumer behavior. The primary objective of this research is to analyze whether these factors significantly influence purchasing decisions. Data were collected through a questionnaire distributed via Google Forms to 100 respondents selected using purposive sampling. The study employed multiple linear regression analysis with SPSS to assess the impact of each factor. The results indicate that product quality, price, and promotion simultaneously and partially affect purchasing decisions. Product quality has been shown to have a strong impact, as consumers are more likely to purchase eggs that meet their expectations regarding cleanliness, durability, and nutritional value. Price also plays an important role, with reasonable prices that align with the quality of the product helping to increase consumer interest. Promotion, especially direct marketing strategies, significantly influences consumer awareness and purchasing decisions. The findings suggest that CV Maju Jaya Karya Bersama should continue focusing on improving product quality, setting competitive prices, and implementing more creative promotional strategies to increase sales and customer loyalty.
Practice of Green Accounting Based on GRI 300 Standards at PT Sat Nusapersada Tbk Company Ilman Rizki; Wiwik Supratiwi
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6790

Abstract

This study aims to evaluate the implementation of green accounting principles at PT Sat Nusapersada Tbk and its compliance with the Global Reporting Initiative (GRI) 300 standards in the company's sustainability report. The main focus of this study is to examine how green accounting principles are applied in the company's operations and to identify the challenges faced in meeting the environmental reporting indicators set by GRI 300. A descriptive qualitative approach was used to explore sustainability-related phenomena in this company, using triangulation techniques in data collection from in-depth interviews with the Legal Manager, Investor Relations, and Corporate Secretary, supplemented by an analysis of the company's sustainability report. The research findings indicate that PT Sat Nusapersada Tbk has demonstrated significant commitment to sustainability, implementing green accounting principles covering material, energy, water, emissions, waste, and biodiversity management. However, the main challenge faced by the company is the limited availability of quantitative data for some GRI indicators. Nevertheless, the company has taken positive steps to enhance environmental transparency and accountability through more systematic reporting. The findings of this study are expected to provide insights for other companies in the electronics and manufacturing industry to improve their sustainability reporting and optimize the implementation of green accounting as part of their long-term sustainability strategy.
Strategic Control in Management: The Impact of Belief System and Diagnostic Control System on Managerial Performance Keysha Amelia; Sri Maryati; Shelly Febriana Kartasari
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6792

Abstract

In carrying out business activities in the midst of intense competition, companies need a management control system that can not only oversee the implementation of strategies, but also provide direction to employees. Levers of Control (LOC) is one of the management controls. Belief System and Dignostic Control System are part of LOC. These two systems have a significant role to help improve management performance. However, in its application, it also needs to consider the role of Contigent Fit. This study aims to examine how the belief system and diagnostic control system affect managerial performance with contigent fit as a moderator. This research uses quantitative methods. This research data was obtained through questionnaire distribution techniques. The research sample was 33 respondents who worked at the Indonesia Stock Exchange Company. The results show that the belief system has a t count of 4.032 so that it has a significant effect on managerial performance. Diagnostic control system has a t count of 0.306 < 2.045 which has no effect on managerial performance. The first Contigent fit test has a significance value of 0.341> 0.05 and a calculated t value of 0.960 so that it cannot moderate the relationship between the belief system and managerial performance. Finally, the second Contigent fit test has a significance value of 0.218> 0.05 and a calculated t value of negative 1.261 so that Contigent fit cannot moderate the relationship between the diagnostic control system and managerial performance
The Effect of Rewards and Green Human Resource Management on Employee Turnover at the Sukoharjo District Land Office Mohamad Izza Fathan; Imronudin Imronudin
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6811

Abstract

This study explores the influence of rewards and Green Human Resource Management (GHRM) practices on employee turnover at the Sukoharjo District Land Office, with job satisfaction as a mediating variable. Using Social Exchange Theory and Herzberg’s Two-Factor Theory as the theoretical foundation, the research employed a quantitative method with PLS-SEM to analyze data from 85 purposively selected employees. Rewards included both financial (e.g., bonuses) and non-financial (e.g., recognition), while GHRM encompassed eco-friendly recruitment, environmental training, and employee engagement in sustainability programs. Results show that both rewards and GHRM significantly reduce turnover, with job satisfaction partially mediating these effects, enhancing the impact when employees feel valued and motivated. Among GHRM components, environmental training and participatory green initiatives proved most effective. Despite its contributions, the study is limited to a single public institution and does not address other potential turnover factors such as leadership, work-life balance, or career development. Future research should broaden the context and apply mixed methods to deepen understanding of sustainable HRM strategies.
The Influence of Funding Decisions, Dividend Policies, and Market Value on Firm Value with Profitability as an Intervening Variable in Consumer Non-Cyclicals Listed on the Indonesian Stock Exchange Winda Sibleni; Dedi Hariyanto; Heni Safitri
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 2 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i2.6832

Abstract

This study aims to look at the influence of funding decisions, dividend policy, and market value on firm value with profitability as an intervening variable on consumer non-cyclical companies listed on the Indonesia Effectssa. The results of the path analysis obtained equation 1: Z = 8,345 - 2,856 X1 - 0.001 X2 + 1,226 X3 and equation 2: Y: 837,156 - 0.004 X1 + 8,862 X2 + 5,010 X3 + 93,745 Z. The results of the correlation coefficient test (R) show that the variables of financing decisions, dividend policy and market value have a very weak relationship with the profitability variable, while the variables of financing decisions, dividend policy, and market value on the variable of firm value with profitability as the intervening variable have a fairly strong relationship. The t-test results show that the funding decision variable, dividend policy and market value do not have a partial effect on profitability and the dividend policy variable with profitability as an intervening variable partially affects the firm value, while the funding decision and market value through profitability as intervening variables do not have a partial effect on the firm value. For further research, it is advisable to include additional variables, such as corporate governance, management decisions, market conditions, or investor sentiment, to provide a more in-depth understanding of the factors that influence firm value.

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