cover
Contact Name
Mohamad Toha
Contact Email
motoha@uac.ac.id
Phone
+623216855722
Journal Mail Official
journal.mjifm@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
Majapahit Journal of Islamic Finance dan Management
ISSN : -     EISSN : 27980170     DOI : https://doi.org/10.31538/mjifm
Core Subject : Economy, Science,
Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September and December). As the name implies, the journal brings two major themes, namely Islamic Finance and Business Management. The journal invites scholars, practitioners, and researchers to submit articles to the management team. Articles submitted will be published after being verified and modified to suit the standard international journals. MJIFM limits only the article publication related to two major themes having been mentioned.
Articles 378 Documents
The Influence of Social Media Marketing and Cash on Delivery on Purchase Decisions at Don's Bakery Gorontalo Suleman, Siti Samsia; Taan, Hapsawati; Ismail, Yulinda L
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.430

Abstract

This study aims to determine the effect of Social Media Marketing and Cash on Delivery on purchasing decisions at Don's Bakery Gorontalo. This study uses a quantitative approach with a purposive sampling technique with a total of 96 respondents. Data collection was carried out through questionnaires and analyzed using multiple linear regression analysis with the help of SPSS. The results of the study indicate that, partially, Social Media Marketing has a positive and significant effect on purchasing decisions. Likewise, Cash on Delivery also has a positive and significant effect on purchasing decisions. Simultaneously, both variables together influence the increase in consumer purchasing decisions. Based on the results of the study, marketing strategies through social media and the convenience of the payment system through Cash on Delivery have proven effective in encouraging consumers to make purchases at Don's Bakery. This finding emphasizes the importance of utilizing social media and practical payment methods in shaping consumer purchasing decisions.
The Influence of Enterprise Risk Management (ERM) on Company Value Karunia, Nuuruddunya; Hariyati
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.452

Abstract

This study aims to analyze the effect of Enterprise Risk Management (ERM) on firm value. The sample consisted of companies in the transportation and warehousing, service, and food and beverage subsectors in 2023, with a total of 100 observations. Hypothesis testing used multiple regression analysis. The results indicate that ERM has a positive effect on firm value. This research has implications for companies and policies that support ERM disclosure so that it can function optimally in increasing firm value.
Effectiveness of Accounting Information Systems for Sales and Cash Receipts at Fox Hotel Pekanbaru Ramadani, Nadia Fitri; Agustiawan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.454

Abstract

This study aims to assess the effectiveness of the sales and cash receipts accounting information system implemented at Fox Hotel, Pekanbaru. The success of an effective accounting information system is very important to support hotel operations, especially in ensuring the accuracy of transactions, accounting efficiency, and the timely presentation of financial reports. The research method used is descriptive qualitative with triangulation techniques through observation, interviews, and documentation. The results showed that the implementation of the accounting information system with the VHP (Visual Hotel Program) program for cash and credit sales transactions has been running quite well. However, there are still some obstacles, such as delays in the cash receipt process due to external factors, such as third-party payment platforms, and a lack of coordination between sections. This study concludes that in general, the system is effective, but improvements are still needed in the return system.
The Effect of Situational Leadership and Compensation on Employee Performance Mediated by Career Development Opportunities at PT. CKD Muhammad Tegar Wicaksana; Retno Purwani Setyaningrum
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.482

Abstract

In the era of globalization and increasingly competitive business competition, companies are required to have high-performance, adaptive, and professional human resources (HR). Employee performance is a key factor that determines the success of the organization, which is influenced by various variables such as leadership style and the compensation system implemented. However, the results of previous studies show inconsistencies regarding the influence of situational leadership and compensation on employee performance. Therefore, this study aims to analyze the influence of situational leadership and compensation on employee performance mediated by career development opportunities at PT. CKD. This study uses a quantitative method, sampling using the Lemeshow formula, and obtained a sample of 100 respondents. Data were collected through questionnaires distributed using Google Forms. Data management was carried out using Partial Least Squares (PLS) through the Structural Equation Model (SEM) technique with the help of the SmartPLS program version 4.1.1. The results of the analysis obtained show that situational leadership has a significant effect on employee performance at PT CKD. Compensation has a significant effect on employee performance at PT CKD. Career development opportunities have a significant effect on employee performance at PT CKD. Leadership significantly influences career development opportunities at PT CKD. Compensation does not significantly influence career development opportunities at PT CKD. Situational leadership has a significant influence on employee performance, with career development opportunities as a mediating variable at PT CKD. Compensation has a significant impact on employee performance, with career development opportunities as a mediating variable at PT CKD.
The Impact of Product Quality, Corporate Image, and Service Quality on Property Product Purchase Decisions at HZ Property Company Rahmadani; Endang Sulistya Rini; Syahyunan
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.484

Abstract

This study aims to analyze the influence of product quality, corporate image, and service quality on property product purchasing decisions at the HZ Property company in Medan. The background of this study is the low purchase conversion even though the company has developed projects in strategic locations. This study uses a quantitative approach with a survey method through a questionnaire to 85 respondents who are HZ Property consumers, which is determined using the Slovin formula. The independent variables in this study are product quality, corporate image, and service quality, while the dependent variable is the purchase decision. The data analysis technique used is multiple linear regression with the help of SPSS. The results of the study show that the three independent variables have a significant effect on purchasing decisions, both partially and simultaneously. Consistent product quality, positive corporate image, and responsive service have been shown to increase consumer trust and buying interest. These findings provide theoretical contributions in the development of property consumer behavior studies, as well as practical benefits for HZ Property in formulating customer preference-based marketing strategies. This study also fills the literature gap by highlighting the simultaneous influence of the three variables on the local property sector. With an integrative approach, the results of this study are expected to be a strategic reference in improving property sales performance amidst increasingly competitive market competition.
The Role of Knowledge Utilization in Improving Operational Efficiency Through Organizational Learning at PT. Rudy Soetadi Prasetio, Panji; Esthi, Raniasari Bimanti
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to examine the role of knowledge utilization in enhancing operational efficiency through organizational learning at PT. Rudy Soetadi. In an increasingly competitive business environment, effective knowledge management and organizational learning are critical to maintaining performance and adaptability. Using a quantitative approach, data were collected through questionnaires distributed to 109 employees and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0. The results indicate that knowledge utilization has a significant positive effect on operational efficiency (path coefficient = 0.418, p < 0.000) and organizational learning (path coefficient = 0.865, p < 0.000). Furthermore, organizational learning also positively affects operational efficiency (path coefficient = 0.500, p < 0.000) and mediates the relationship between knowledge utilization and operational efficiency (indirect effect = 0.432, p < 0.000). The model explains 78.6% of the variance in operational efficiency (R² = 0.786). This study provides practical insights for companies seeking to leverage their knowledge assets and foster a learning culture, thereby enhancing productivity and competitive advantage.
The Influence of Differentiation Strategy, Market Adaptation, and Digital Capability on Competitive Advantage: The Mediating Role of Business Agility in E-Commerce Firms Suryani, Umi; Dwiputra, Irsyad Parama
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to analyze the influence of Differentiation Strategy, Market Adaptation, and Digital Capability on Competitive Advantage, with Business Agility serving as a mediating variable in e-commerce companies in Indonesia. A quantitative approach was employed using a causal research design. Data analysis was conducted through Structural Equation Modeling-Partial Least Squares (SEM-PLS), as it effectively handles complex models and small to medium-sized samples. Data were collected via an online questionnaire distributed to business managers, digital strategists, and decision-makers in e-commerce firms. A total of 110 respondents were analyzed using a purposive sampling technique. The results indicate that both Differentiation Strategy and Digital Capability have a significant effect on Competitive Advantage, both directly and indirectly through Business Agility. Meanwhile, Market Adaptation only has a significant indirect effect through Business Agility. These findings highlight that Business Agility plays a crucial mediating role in strengthening competitive advantage in the digital era.
Implementing the Three-Way Marketing Public Relations Strategy in Indonesia's Railway Sector: A Qualitative Study on PT KAI Operational Area 7 Madiun Farani, Dinesh Basti; Ayutika, Riza Dessy Nila; Arifin, Ressa Nidya
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

The increasing types and models of transportation in Indonesia encourage companies to strengthen marketing strategies so that their companies can exist for a long time. Business competition requires companies to intensively carry out promotional activities by combining public relations in marketing activities. Marketing Public Relations is considered capable of expanding market share and becoming a company communication tool to achieve business goals. The purpose of this research is to determine the Marketing Public Relations strategy at the PT KAI (Persero) Daop 7 Madiun Passenger Transport Unit. The method used in this research is descriptive qualitative. Meanwhile, data for this research will be taken by conducting interviews, observation and documentation. The results of research in the field can be concluded that the implementation of Marketing Public Relations strategies in Passenger Transport Units is through a Three Ways Strategy including Pull Strategy, carried out by uploading promotional content on social media, advertising on print media and holding events on certain holidays. Push Strategy, carried out by providing discounts to customers and carrying out BPTV (Boarding Pass Through Value) cooperation programs with several merchants. Pass Strategy, carried out by improving services and carrying out social responsibility (CSR) activities .
The Influence of Incentive Program on Employee Job Satisfaction: The Role of Organizational Commitment as a Mediation Variable in PT. Starion Wooin Saginata Adirama, Dyo; Bimanti Esthi, Raniasari
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

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Abstract

This study aims to evaluate the impact of incentive programs on employee job satisfaction, with organizational commitment as a mediating variable at PT. Starion Wooin, a manufacturing company producing electronic and automotive components. A quantitative approach was used through a survey method. Data were collected via questionnaires from 122 respondents in the Quality Control department and analyzed using PLS-SEM with SmartPLS 4.0. The results show that incentive programs significantly affect job satisfaction (β = 0.375; t = 3.664; p < 0.001). Organizational commitment mediates this relationship (β = 0.294; t = 4.123; p < 0.001). R² for job satisfaction is 0.584, indicating moderate explanatory power. These findings suggest that companies should not only focus on financial incentives but also consider non-financial aspects such as recognition, career development opportunities, and overall employee well-being. Building a strong organizational culture is also essential to strengthen commitment and maximize the effectiveness of incentive programs. Thus, PT. Starion Wooin and other companies in the manufacturing sector are encouraged to design more comprehensive incentive policies to improve employee satisfaction and loyalty, ultimately supporting business sustainability and competitiveness.
Working Capital Management as a Mediator of the Corporate Governance–Performance Relationship: Evidence from Indonesia Priyono, Achmad Agus; Widarko, Agus; Saraswati, Ety
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 2 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i2.520

Abstract

This study examines the moderating role of working capital management in the relationship between corporate governance mechanisms, specifically independent commissioners and ownership structure, and firm performance, as measured by Return on Equity (ROE). The analysis is based on panel data from consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. Using a quantitative explanatory approach and Partial Least Squares Structural Equation Modeling (PLS-SEM) via WarpPLS 7.0, this study finds that independent commissioners have a significant adverse effect on ROE. At the same time, ownership concentration shows a negative but statistically insignificant effect. Meanwhile, working capital management, proxied by the average payment period (APP), has a significant positive impact on ROE, but does not moderate the relationship between governance mechanisms and firm performance. These findings highlight that structural governance components alone do not guarantee improved financial performance unless accompanied by functional and competent internal financial practices. Theoretically, this study contributes to agency Theory and resource dependence Theory by demonstrating that symbolic governance structures tend to undermine firm value in emerging markets with weak institutional enforcement.