cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
M Nur Rianto Al Arif
Contact Email
nur.rianto@uinjkt.ac.id
Phone
-
Journal Mail Official
etikonomi@uinjkt.ac.id
Editorial Address
-
Location
Kota tangerang selatan,
Banten
INDONESIA
ETIKONOMI
Published by Universitas Islam Negeri Syarif Hidayatullah Jakarta
ISSN : 14128969     EISSN : 24610771     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Etikonomi is a peer-reviewed journal on Economics, Business and Management by Faculty of Economic and Business State Islamic University (UIN) Syarif Hidayatullah Jakarta. FOCUS This journal focused on economics, business, and management studies and present developments through the publication of articles, research reports, and book reviews. SCOPE Etikonomi specializes on Economics, Business, and Management, and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
Arjuna Subject : -
Articles 397 Documents
 36   37   38   39   40 
Do Boards Moderate the Relationship between Sustainability and Financial Performance in Asia-Pacific Emerging Markets? Karisma Azmi Muzakki; Irwan Trinugroho; Fadli Septianto; Nimas Melenia Mutiara Akbary
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50099

Abstract

Research Originality: This study offers novel empirical evidence on the relationship between environmental, social, and governance (ESG) performance and financial performance in an underexplored sector of environmentally sensitive industries across Asia-Pacific emerging markets. Research Objectives: This study aims to examine the direct impact of ESG performance on firm profitability and to investigate whether board characteristics moderate this relationship among environmentally sensitive industry firms in 10 Asia-Pacific emerging market countries. Research Method: An unbalanced panel dataset of 762 firms in environmentally sensitive industries (energy, materials, and utilities) from ten Asia-Pacific emerging market countries over the period 2014–2024 was analyzed using fixed-effects panel regression.   Empirical Results: ESG performance had no statistically significant effect on either ROA or ROE. The moderation effects of board size, board independence, and board gender on the ESG–profitability nexus are also statistically insignificant. Implications:  These findings suggest that ESG activities in environmentally sensitive industries in Asia-Pacific emerging markets are primarily driven by legitimacy-seeking behavior rather than direct financial incentives. JEL Classification: G30, G34, M14, Q56, O16
Corporate Waste Disclosure: A Systematic Review and Future Research Agenda Desi Zulvina; Doddy Setiawan; Y Anni Aryani; Taufiq Arifin
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50239

Abstract

Research Originality: No prior systematic review has mapped corporate waste disclosure as a standalone research construct. This study fills that gap by synthesizing the field's theoretical foundations, geographical distribution, measurement approaches, and determinants and consequences. Research Objectives: This study systematically reviews the existing literature on corporate waste disclosure to map what is known, identify gaps, and propose a structured agenda for future research. Research Method: Using a systematic literature review (SLR) following the PRISMA protocol, ten scholarly articles were selected from the Scopus database based on predefined inclusion and exclusion criteria and analyzed through content analysis. Empirical Results: Given the limited body of literature on corporate waste disclosure, this study identified 10 scholarly articles that met the inclusion criteria—underscoring the field's nascent state. Studies remain limited and geographically concentrated in developed countries, with the role of top management characteristics and ownership structure largely unexplored. Implications: Researchers are encouraged to examine board characteristics and ownership structure as determinants of waste disclosure, particularly in emerging market contexts. For policymakers, the findings underscore the need for mandatory disclosure standards aligned with international norms and incentive mechanisms to promote high-quality waste reporting. JEL Classification: M41, Q53, Q56, G30
Human–Technology Symbiosis Linking Digitalization and Marketing 5.0 for Responsible MSME Transformation Syaifuddin; Taufiq Ramdani
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50439

Abstract

Research Originality: This study examines how digitalization and Marketing 5.0 influence responsible business transformation in MSMEs. The novelty of this study lies in positioning human–technology symbiosis as the main mechanism linking digitalization and responsible transformation. Research Objectives: This study aims to examine how digitalization and Marketing 5.0 influence responsible business transformation through human-centric orientation and human–technology symbiosis in MSMEs. Research Method: A quantitative explanatory approach was employed using survey data collected from 200 MSME owners and managers in Indonesia and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Empirical Results:  The findings reveal that digitalization and Marketing 5.0 significantly strengthen human-centric orientation and human–technology symbiosis. However, human-centric orientation does not significantly affect responsible business transformation. In contrast, human–technology symbiosis has a strong positive effect and significantly mediates the relationship between digitalization, Marketing 5.0, and responsible transformation. These findings indicate that responsible transformation depends more on effectively integrating technology with human judgment than on value orientation alone. Implications: This study implies that MSMEs and policymakers should strengthen human–technology collaboration, digital capability, and responsible data governance to support ethical, accountable, and sustainable business transformation. JEL Classification: M31, O33, L26
Financial Risk Tolerance of Generation Z Investors: A Behavioral Finance Perspective Fira Syarwadina; Akhmad Syakir Kurnia
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50529

Abstract

Research Originality. This study enriches the literature by integrating demographic, behavioral, and religious factors into the analysis of Gen Z’s financial risk tolerance. It applies behavioral finance and prospect theory to the dimensions that shape investment behavior. Research Objectives. This study examines Generation Z investors’ financial risk tolerance in the greater Jakarta area, focusing on religiosity and herding behavior within the context of behavioral finance and prospect theory. Research Method. The study uses survey data from Gen Z investors in the Jabodetabek area and employs a binary logistic model to estimate the probability of high versus low risk tolerance and to identify its key determinants. Empirical Results. Results indicate that gender, income, marital status, religion, herding, and religiosity significantly influence financial risk tolerance, while experience does not. Male, higher-income, unmarried investors are more risk-tolerant, whereas Muslims and more religious individuals are less so; herding increases risk-taking among Gen Z. Implications. The findings underscore the need for personalized financial education and investment strategies that consider demographic and behavioral factors, such as religiosity, social values, and herd mentality, to enhance Gen Z’s financial literacy and risk management. JEL Classification: G1, G11, G4, G41
What Drives Halal Ecosystem Adoption? A Hierarchical Literacy Model in Indonesia Nuruddin Mhd Ali; Muhammad Said; Indo Yama; Suhendra Suhendra
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50553

Abstract

Research Originality: This study reconceptualizes halal literacy as a ten-dimensional hierarchical construct that integrates cognitive, affective, and behavioral competencies within a unified ecosystem model, validated through a systematic mapping of 18,590 publications. Research Objectives: This study develops and validates a holistic halal literacy model and examines its influence on Muslim consumers' intention and behavioral adoption across Indonesia's halal ecosystem. Research Methods: Data were collected from 868 Muslim consumers across seven halal sectors (food, pharmaceuticals, tourism, cosmetics, logistics, finance, media) and analyzed using hierarchical Partial Least Squares Structural Equation Modeling. Empirical Results: The ten-dimensional model demonstrated robust psychometric validity, with all dimensions contributing significantly. Holistic halal literacy significantly influences intention and behavioral adoption, with intention mediating the relationship. The indirect effect exceeded the direct pathway, confirming that literacy primarily shapes motivational readiness. Cultural influence, source credibility, and certification standards emerged as dominant predictors. Implications: Developing an effective halal ecosystem requires integrated literacy interventions, enhanced institutional credibility, community-based reinforcement, digital transparency, and educational integration to strengthen Indonesia's global competitiveness in the halal sector. JEL Classification: D12, M31, Z12
Ecological Debt and Food Security: A Dynamic Panel Analysis of Indonesian Provinces Lilis Hoeriyah; Cici Musliha
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50580

Abstract

Research Originality: This study positions multidimensional environmental quality (air, water, and marine ecosystems) as a key determinant of food security within a unified provincial framework, employing the GMM approach to address persistence and endogeneity. Research Objectives: To assess the influence of environmental quality on food security across Indonesian provinces and identify socio-economic barriers to regional resilience. Research Methods: Using panel data from 34 provinces during 2019–2024, the study examines the Food Security Index (FSI) in relation to the Environmental Quality Index (EQI), its sub-indices, and socio-economic controls, including agricultural GRDP, poverty, and unemployment. Empirical Results: Food security exhibits strong persistence, indicating path dependence. Overall environmental quality has a negative short-run effect, reflecting an ecological debt pattern driven by resource exploitation. In contrast, water and air quality improve food security, while poverty and unemployment significantly constrain outcomes. Implications: Indonesia should shift from a production-oriented to a resilience-oriented food security strategy by promoting sustainable intensification, improving water and marine resource management, and strengthening social protection. Given regional heterogeneity, place-based policies are essential to enhance long-term food system resilience and achieve SDG 2. JEL Classification: Q56, Q18, C23, O13
Digital Payments, Money Demand, and SDGs in Indonesia Sista Septiani Fabian; Amir machmud; Agung Setiawan; Qudratov Inomjon; Ablatdinov Sultanbek Azatovich
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.50765

Abstract

Research Originality: This study is the first to jointly model three monetary aggregates against multiple digital payment instruments and a portfolio-substitution channel within a single emerging-market framework Research Objectives: This study investigates the effect of payment digitalization on money demand (M0, M1, M2) in Indonesia over 2013–2025 Research Method: The Autoregressive Distributed Lag (ARDL) bounds testing approach is applied to monthly data from January 2013 to December 2025, capturing short-run dynamics and long-run equilibrium simultaneously. Empirical Results: Rising electronic money volumes significantly reduce narrow money demand (M0 and M1) in both horizons, consistent with a currency substitution effect. Credit card usage correlates positively with broad money demand (M2) through credit intermediation. In contrast, money market mutual fund Net Asset Value exerts a portfolio-substitution effect on M2—the first direct empirical evidence for this channel in Indonesia. Real gross domestic product and the central bank reference rate align with liquidity preference predictions.  Implications:  Central banks must integrate digital payment indicators into money demand modeling. Payment digitalization advances SDG 8, SDG 10, and SDG 17 through financial inclusion and systemic efficiency. JEL Classification: D80, E58, F31
Digital Marketing and Enterprise Performance: The Mediating Role of Market Access Yolanda Soedibyo; Hananiel Mennoverdi Gunawan
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.51072

Abstract

Research Originality: This study is among the first to model market access as the mechanism by which four distinct digital marketing dimensions jointly drive enterprise performance in the context of an Indonesian developing economy. Research Objectives: This study examines how four digital marketing dimensions influence the performance of micro, small, and medium enterprises, with market access mediating the effect. Research Method: A quantitative survey was conducted with 200 MSME owners in Indonesia using purposive sampling. Hypotheses were tested using PLS-SEM, with mediation assessed via bootstrapping. Empirical Results:  All four digital marketing dimensions positively and significantly influence market access, which in turn strongly predicts enterprise performance. Market access fully mediates the relationship between each digital marketing dimension and enterprise performance. Implications: MSME owners should adopt an integrated, multi-channel digital marketing approach to broaden market reach and improve business outcomes. Policymakers should prioritize digital literacy programs and affordable internet infrastructure to reduce structural barriers for small enterprises. JEL Classification: M31, L25, O33
Entrepreneurial Orientation and Digital Capability Shaping Islamic Work Ethic Dinda Fatmah; Karina Ananda Putri; Nurul Aslikhah; Mirhamida Rahmah; Zakiyah Zulfa Rahmah; Yusriyah Rahmah
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.51086

Abstract

Research Originality: This study develops an integrated framework explaining Islamic work ethic through entrepreneurial orientation, digital capability, knowledge sharing, and work engagement, while positioning environmental dynamism as a contextual moderator in Indonesian fashion SMEs. Research Objectives: This study examines the effects of entrepreneurial orientation, digital capability, knowledge sharing, and environmental dynamism on Islamic work ethic, the mediating role of work engagement, and the moderating role of environmental dynamism. Research Method: A quantitative survey was conducted among 300 fashion SME owners and managers in Indonesia. Data were analyzed using Partial Least Squares Structural Equation Modeling. Empirical Results: The findings show that all direct relationships are positive and significant. Work engagement significantly mediates the effects of entrepreneurial orientation, digital capability, and knowledge sharing on Islamic work ethic. Environmental dynamism strengthens the effects of digital capability, entrepreneurial orientation, and work engagement, but does not significantly moderate knowledge sharing. Implications: The findings highlight the importance of integrating organizational capabilities, knowledge sharing, employee engagement, and Islamic ethical values to support sustainable SME development. JEL Classification: L26, M14, O33
Do Firms Benefit More from Eco-Innovation than ESG Disclosure? Yuli Soesetio; Linda Shine Sekar Ningrum
ETIKONOMI Vol. 25 No. 2 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i2.51149

Abstract

Research Originality: This study offers novelty by distinguishing the financial effects of substantive environmental actions (eco-innovation) from symbolic sustainability reporting (ESG disclosure) and examining the moderating role of firm size. Research Objectives: This study investigates the direct effects of eco-innovation and ESG disclosure on firm performance and examines whether firm size moderates these relationships. Research Method: The study used data on 236 high environmental-risk firms from 2018 to 2025, yielding 1,158 observations. We employed the High-Dimensional Fixed Effects (HDFE) estimator with industry and year fixed effects and firm-level clustered standard errors. Empirical Results: Eco-innovation significantly enhances firm performance, whereas ESG disclosure exhibits no significant effect. Furthermore, firm size negatively moderates the relationship between eco-innovation and firm performance. Implications: These findings imply that firms should prioritize eco-innovation over ESG disclosure alone, while policymakers should provide stronger financial incentives to support their sustainability transition, especially for smaller firms. JEL Classification: Q55, Q56, M14, L25

Page 39 of 40 | Total Record : 397

 36   37   38   39   40 

Filter by Year

2012 2026


Reset
Filter By Issues
All Issue Vol. 25 No. 2 (2026) Vol. 25 No. 1 (2026) Vol. 24 No. 2 (2025) Vol 24, No 1 (2025) Vol 23, No 2 (2024) Vol 23, No 1 (2024) Vol 22, No 2 (2023) Vol 22, No 1 (2023) Vol 21, No 2 (2022) Vol 21, No 1 (2022) Vol 20, No 2 (2021) Vol 20, No 1 (2021) Vol 19, No 2 (2020) Vol 19, No 1 (2020) Vol 18, No 2 (2019) Vol 18, No 1 (2019) Vol 17, No 2 (2018) Vol 17, No 1 (2018) Vol 16, No 2 (2017) Vol 16, No 1 (2017) Vol 15, No 2 (2016) Vol 15, No 1 (2016) Vol. 14, No. 2, Oktober 2015 Vol. 14, No. 1, April 2015 Vol. 13, No. 2, October 2014 Vol. 13, No. 1, April 2014 Vol. 12, No. 2, October 2013 Vol. 12, No. 1, April 2013 Vol. 11, No. 2, October 2012 Vol. 11, No. 1, April 2012 More Issue