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Heronimus Maryono
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INDONESIA
International Research Journal of Business Studies
Published by Universitas Prasetiya Mulya
ISSN : 20896271     EISSN : 23384565     DOI : 10.21632/irjbs
Core Subject : Economy, Science, Social,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences
International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to our aim to function as a medium to disseminate research findings regardless of methodological differences. ”Business Studies” refers to the boundary of the fields of studies that we serve i.e. encompassing all disciplines and paradigms related to the studies of any facet of the business. Aim The primary objective of IRJBS is to bridge the gap between theory and practice in the area of business studies by presenting the results of an empirical study, including rigorous research methods, and providing managerial implications to the readers. Scope The IRJBS welcomes manuscripts in business management, which include the areas of strategic management, marketing management, finance management, organization, human resources management, and operations management. Starting Volume 13, Number 2 (2020), IRJBS publishes high-quality articles/papers using rigorous research with questions, evidence, and conclusions that are related to corporate management studies and recent trends that are relevant to business management scholars and business practitioners. More specifically, the IRJBS seeks to publish papers that ask and help to answer important and interesting questions in managing the corporation, develop and/or test theory, replicate prior studies, explore interesting phenomena, review and synthesize existing research, and evaluate the many methodologies used in the corporate management field. We welcome manuscripts in corporations within one geographic and/or across the geographic and business spectrum which include but are not limited to corporate strategy, corporate governance, corporate organization, and human capital, corporate finance, corporate marketing, and the operations aspect of the corporation. We appreciate a diverse range of research methods and are open to papers that rely on statistical inference, qualitative data, verbal theory, computational models, and mathematical models
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 337 Documents
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The Mediating Role of Commitment to Enhance Project Performance in Indonesia’s Construction Industry HW, Alldo; Hasiholan, William Mangapul; Hasibuan, M. Nefriansyah; Justianto, Jerry S.
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

The construction industry in Indonesia is growing rapidly, with significant projected growth in 2025. However, delays and failures in project completion remain major challenges, negatively impacting companies and the industry's reputation. This study aimed to analyze the influence of emotional intelligence and organizational culture on project performance, with organizational commitment as a mediating factor, focusing on project managers in state-owned construction companies. Using a quantitative-explanatory approach and probability sampling with cluster techniques, data were collected from 166 project managers across seven state-owned construction firms in Indonesia. SEM-PLS was employed for analysis. Results indicated that emotional intelligence significantly impacts both project performance and organizational commitment. Additionally, organizational culture promoting transparency and collaboration positively influences project performance, albeit to a lesser extent. Organizational commitment serves as a critical mediator. Future studies should consider demographic factors, adopt a longitudinal design, and involve broader organizational roles for a more comprehensive perspective.
Free Cash Flow and Profitability in Indonesian Energy Companies Firmansyah, Amrie; Dwi , Nafis
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This study aims to analyze the relationship between free cash flow (FCF) and firm profitability in the energy sector in Indonesia. Using a quantitative approach and panel regression method, this study evaluates data from 978 annual observations of energy companies over the period 2002-2023. The analysis shows that FCF generally has a significant negative effect on profitability, both short-term (ROA, ROE) and long-term (LTROA, LTROE). This negative effect is most pronounced in the middle quantiles of the firm performance distribution, supporting the argument in agency theory that free cash accumulation without adequate supervision may trigger opportunistic managerial behavior and inefficient investment. In contrast, at the highest quantile, the effect of FCF tends to be insignificant, indicating that high-performing firms are able to manage FCF more optimally. This finding emphasizes the importance of strengthening corporate governance mechanisms to direct FCF allocation to productive investments and improve long-term profitability.
Emerging Implications of Blockchain in Global Trade Das, Madhumita; Vijaykumar, Pravitha; Khan, Habibullah
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

International trade involves the cross-border exchange of goods and services, reflecting the interconnected flow of commodities and offerings between distinct geographical areas. It is the cornerstone of global business and an important tool for economic interactions between countries. The principle of comparative advantage allows countries to produce and export goods on a global scale that they are more efficient in and import the ones from other nations that they are not. Technical developments have played a significant role in trade evolution. The recent rise of disruptive technologies such as Blockchain has sparked curiosity among stakeholders for its various possible uses in the global trade landscape. Due to its inherent features of security, immutability, and transparency, blockchain technology can significantly enhance trade security, minimize trade costs and eliminate most intermediaries from the trading process. Although Blockchain has the potential to influence international trade significantly, the existing literature has not yet produced any conclusive evidence. This study examines how Blockchain technology affects international trade dynamics. The study also discusses the potential challenges and provides recommendations to enhance Blockchain's impact on world trade, especially for developing nations. Our findings reveal that Blockchain has a prominent role in shaping the future landscape of international trade. However, specific challenges need to be addressed by organizations before reaping the full benefits offered by this innovative technology, which is still in its early stages.
Transformation of Small-Scale Fishermen’s Economic Behavior towards Independent Entrepreneurship Boari, Yoseb; Bergita Yenusi, Tien Nova
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This study examines the process of transformation of small-scale fishermen's economic behavior from subsistence patterns to independent entrepreneurship. The study was conducted using a systematic literature review approach to 41 academic sources that include scientific articles, books, and policy documents that are relevant in the context of coastal development. The findings show that this transformation is influenced by a combination of structural, psychological, and social factors, including loss aversion, low access to capital and markets, and the strength of community social capital. In addition, the role of local institutions such as BUMDes and fishermen's cooperatives has proven crucial in shaping adaptive capacity and entrepreneurial mindsets. A community based development approach that integrates local wisdom, cultural values, and active community participation is the key to the success of the intervention. This study contributes to the literature by integrating behavioral economics and community-based development to propose a contextual model of fishermen’s behavioral transformation. The findings highlight the need for empowerment policies that are psychologically informed and locally grounded, particularly in small-scale coastal communities of Eastern Indonesia. 
Driving Innovation in Data Analytics Adoption for Auditing in Tanzania's Banking Sector Kwilasa, Thomas; Koloseni, Daniel Ntabagi
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This study explores the factors affecting Data Analytics (DA) adoption in Tanzanian commercial banks' audit functions by expanding the Technology Acceptance Model (TAM) with Organisational Factors (OF) and Innovative Behaviour (IB). Using a quantitative approach, data were gathered from 193 internal auditors and analysed with SmartPLS through Partial Least Squares Structural Equation Modelling (PLS-SEM). The study found that perceived Usefulness, innovative behaviour, leadership support, Organisational culture, and technological infrastructure significantly influence DA adoption. Surprisingly, financial resources and regulatory compliance negatively affect adoption. Contrary to traditional TAM expectations, perceived ease of use and employee training do not have a significant impact. Practical implications indicate that banks should promote innovation, invest in infrastructure, and align regulatory frameworks with digital transformation objectives. Policymakers should create supportive environments, while practitioners must incorporate analytics into auditing workflows. Future research should examine longitudinal trends and cross-country comparisons, and provide qualitative insights into financial and regulatory challenges.
Opportunities and Challenges Facing Social Entrepreneurship in BRICS+ Countries Bangura, Samuel; Duma, Princess Thulile; Mthembu, Ntombifuthi Alexia
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This study examined social entrepreneurship in the expanded BRICS+ countries, where rapid growth coexisted with persistent inequality, unemployment, and regulatory barriers. A systematic review of peer-reviewed literature was conducted to consolidate fragmented findings and to assess ecosystem maturity across member states. The study proposed a triangular framework connecting government, market, and community actors to support sustainable social impact. The review found that funding shortages and bureaucratic complexity remained major obstacles, while innovation, job creation, and hybrid organisational models created significant opportunities. Social ventures were found to contribute to poverty reduction and held potential to generate substantial economic value in comparable contexts. The study concluded that supportive policies were needed, including streamlined digital regulation, legal recognition of hybrid enterprises, expansion of impact investment, integration of social entrepreneurship into education, and cross-BRICS+ pilot programs led by more advanced ecosystems to enhance knowledge sharing and strengthen inclusive and sustainable development.
A Business Success Framework of Indonesian Fan-Merchandise Artists Syaghofa, Hanna; Herliana, Sri
International Research Journal of Business Studies Vol. 18 No. 3 (2025): December 2025 - March 2026
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This study examines the entrepreneurial activities of Indonesian fan-merchandise artists and develops a business success framework. Using an abductive qualitative approach, data were collected from semi-structured interviews with 11 artists who have operated their businesses for at least 3.5 years. The findings show that business success is shaped by a combination of intrinsic and extrinsic motivation, creative management practices, personal financial resources, market engagement strategies, and community support within the meso-environment. Meanwhile, macro-environmental factors such as legal awareness and economic conditions were found to restrict rather than facilitate business success. This study proposes a modified framework consisting of Motivation, Management, Money, Market, amd Macro/Meso Environment as contextual mechanisms crucial to fan-merchandise entrepreneurship. The framework contributes to understanding passion-based micro-entrepreneurship and offers practical insights for creative industry stakeholders in Indonesia.

Page 34 of 34 | Total Record : 337

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