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Mustard Journal De Ecobusin
Published by Generasi Sains Indonesia
ISSN : -     EISSN : 30481538     DOI : https://doi.org/10.37899/mjde
Core Subject : Economy,
Economics, Econometrics & Finance
Mustard Journal De Ecobusin [e-ISSN 3048-1538] is a peer-reviewed journal published three times a year in the field of Economic and Business. Mustard Journal De Ecobusin is intended to be the journal for publishing articles reporting the results of economic research. Mustard Journal De Ecobusin is invites manuscripts on various topics to include, including but not limited to functional areas of Entrepreneurship, Strategic Alliances, Microeconomics, Behavioral and Health Economics, Government Regulation, Taxation, Macroeconomics, Financial Markets, Investment, Banking, International Economics, Foreign Direct Investment, Economic Development, Environmental Studies, Urban Issues, Emerging Markets, Empirical Studies, Quantitative and Experimental Methods.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 55 Documents
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Leadership Styles and their Influence on Team Collaboration and Innovation in Creative Industries Wanda Pratiwi; Riska Ariyanti
Mustard Journal De Ecobusin Vol. 2 No. 2 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i2.265

Abstract

The current research aims at exploring how specific leadership behaviors affect shared leadership processes and organizational creativity in firms that serve in the creative industry. Precisely, it compares how transformational, transactional, and laissez-faire leadership styles influence the promotion of collaboration and improvement of innovation at the team level. The first research design was quantitative whereby questionnaires were conducted to a total of 150 employees in the creative industries to obtain data. The results reflected good correlation between team collaboration and innovation outcomes, which attracted importance of team collaboration in the development of innovative culture. In some respects, these researches add value to the current understanding by explaining the effects of the behaviors of an individual leader on the level of creativity in working environments where a business operation involving innovation forms a fundamental business activity. The findings confirm that transformational leadership is useful in facilitating cooperation and creativity in the implementation of a change and the evidence that laissez-faire leadership style is not applicable in creative activities. The results are useful to managers working in creative business and have some specific suggestions concerning how managers can take care of a creative organizational culture and promote an effective knowledge sharing.
Financial Inclusion through Mobile Banking: Evaluating the Impact of Digital Payment Systems in Kenya David Kamau Njoroge
Mustard Journal De Ecobusin Vol. 2 No. 2 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i2.266

Abstract

This study examines the position of mobile banking in improving financial inclusion in Kenya with specific focus on how the adoption of mobile banking impacts on access to financial products, financial behaviors and economic participation in general. The cross-sectional quantitative research design was used, where information was collected on the 450 adult respondents in the urban and rural areas of Kenya. The data was interrogated using descriptive statistics, chi-square tests, regression analysis, and t-tests. The research results show that mobile banking consumers have far more access to savings, credit, and insurance services than non-users. In addition, the greater the adoption of mobile banking, the greater the positive correlation with the enhanced financial behavior, which includes increased saving and borrowing. Demographic characteristics such as age, the income level, and the level of education were identified to have a considerable effect on the adoption of mobile banking, and gender was not found to have a similar effect. The major challenges which were identified to include the security apprehension and lack of awareness were identified as key barriers to adoption. All in all, the findings highlight the potential of mobile banking to advance financial inclusion, and at the same time, should point to the areas in which specific interventions can be used to increase access to mobile financial services by underserved populations.
Analyzing the Effect of Digital Marketing Strategies on Consumer Buying Behavior in Fashion Retail after the COVID-19 Pandemic: JEL Classification: M31, M37, D12, L81, O33 Bambang Setiawan; Rizky Aditya Putra
Mustard Journal De Ecobusin Vol. 2 No. 1 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i1.271

Abstract

This study examines the influence of digital marketing strategies on consumer purchasing decisions in Indonesia's fashion retail industry during the post-pandemic period. The research aims to identify the digital marketing dimensions that significantly affect purchasing decisions and to evaluate their relative contributions. A quantitative explanatory approach was employed using survey data collected from 150 consumers who had purchased fashion products through digital platforms within the previous year. Data were analyzed using multiple linear regression to assess the effects of six dimensions of digital marketing strategy, including social media content, influencer marketing, online advertising, interactive websites, email marketing, and digital promotion. The findings reveal that digital marketing strategies collectively exert a significant influence on consumer purchasing decisions. Digital promotion emerged as the strongest predictor, followed by social media content, influencer marketing, and online advertising, whereas interactive websites and email marketing did not demonstrate significant effects. The novelty of this study lies in its comprehensive evaluation of multiple digital marketing dimensions within the context of post-pandemic consumer behavior in an emerging market. The findings contribute to the development of digital consumer behavior research while providing practical guidance for fashion retailers to prioritize integrated promotional strategies and consumer-centered digital engagement to improve purchasing outcomes and marketing effectiveness.
The Influence of Human Resource Development on the Professionalism and Integrity of Police Members : JEL Classification: M12, M53, M54, D91, H83 Nur Awal; Jasni Atika
Mustard Journal De Ecobusin Vol. 2 No. 1 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i1.269

Abstract

This study investigates the influence of human resource development strategies on the professionalism and integrity of police personnel. The research evaluates four developmental dimensions, namely training and education, ethical guidance, career management, and recruitment systems, to determine their contributions to professional and ethical behaviour. A quantitative explanatory approach was employed using survey data collected from 125 police officers, and the relationships among variables were analyzed using multiple linear regression. The findings reveal that training and education together with ethical guidance significantly enhance both professionalism and integrity, whereas career management demonstrates only a limited effect on professionalism and recruitment systems do not significantly influence either outcome. These findings indicate that continuous competency development and ethical reinforcement are more effective than structural administrative mechanisms in strengthening behavioural quality within police organizations. The study contributes to the human resource development literature by highlighting the central role of developmental interventions in cultivating ethical and professional policing while providing practical guidance for designing evidence based human resource policies that support institutional performance and public trust.
Organizational Agility as a Driver of Productivity and Economic Resilience in Emerging Market Economies Marina Susanti; Lestari Putri
Mustard Journal De Ecobusin Vol. 2 No. 4 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i4.273

Abstract

This study investigates the impact of agile management practices on organizational efficiency and employee productivity in emerging economies, focusing on technology, manufacturing, and services sectors. Data were collected from 200 organizations, including responses from 150 managers and 50 employees, and analyzed using a quantitative approach with regression techniques to examine the relationship between agile practices, efficiency, and productivity. The results show that agile practices significantly improve organizational efficiency (β = 0.56, p < 0.01) and employee productivity (β = 0.45, p < 0.01), with technology firms achieving the greatest benefits, manufacturing firms reporting lower adoption and fewer outcomes, and service organizations demonstrating moderate improvements. These findings highlight that while agile management enhances efficiency and productivity overall, its effectiveness varies across sectors, indicating that organizations in emerging economies should adapt agile frameworks to industry-specific conditions to achieve optimal results.
The Economic Impact of Project Risk Management on Cost Efficiency and Time Performance in Medium-Scale Construction Projects Dewi Kartika; Bambang Setiawan
Mustard Journal De Ecobusin Vol. 2 No. 4 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i4.274

Abstract

This study examines the economic impact of Project Risk Management on time performance and cost efficiency in medium-scale construction projects in Indonesia. Using a quantitative explanatory approach, data were collected from 123 construction professionals involved in projects with contract values ranging from IDR 10 to 100 billion. Project Risk Management was measured through indicators of risk identification, analysis, response planning, and monitoring, while project performance was assessed using time deviation and cost overrun measures. The data were analyzed using Partial Least Squares Structural Equation Modeling. The results demonstrate that Project Risk Management has a statistically significant and negative effect on both project delay and cost overrun, indicating that stronger risk governance contributes to greater schedule stability and improved budget performance. The findings further show that although the level of risk management implementation is moderate, time delays and cost overruns remain prevalent across projects, reflecting the need for deeper institutionalization of risk practices. This study contributes to the construction management literature by extending empirical evidence on risk governance to medium-scale projects in an emerging economy context. The findings imply that strengthening organizational risk management capacity is essential for enhancing project reliability, reducing economic inefficiencies, and supporting sustainable infrastructure development.
The Role of Government Subsidies in Promoting Green Investments in Renewable Energy Projects in Indonesia Nisrina Jinan; Manna Salman Mahmud
Mustard Journal De Ecobusin Vol. 2 No. 4 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i4.280

Abstract

This study investigates the role of government subsidies in promoting green investments in Indonesia’s renewable energy sector. With the goal of achieving a 23 percent renewable energy mix by 2025, Indonesia has implemented various fiscal policies, including subsidies, tax incentives, and feed-in tariffs to encourage investment in green energy. A qualitative methodology was adopted, relying on secondary data analysis from government reports and international institutions. The findings indicate that while subsidies have encouraged investment in renewable energy, their effectiveness is limited by the ongoing reliance on fossil fuel subsidies and institutional barriers such as fragmented governance and regulatory uncertainty. The study suggests that shifting fiscal support from fossil fuels to renewable energy, implementing performance-based subsidy programs, and improving governance structures could significantly enhance the effectiveness of subsidies. The main contribution of this research is its comprehensive assessment of Indonesia’s subsidy landscape and its implications for the country's energy transition. This study highlights the need for coordinated, long-term policy strategies to align fiscal policies with sustainability goals and suggests avenues for future research, including evaluating the socio-economic impacts of subsidy reforms.
Subsidy Reforms and Their Implications for Green Investment in Indonesia’s Renewable Energy Market Nurarma Sari; Adinda Kaniya
Mustard Journal De Ecobusin Vol. 2 No. 4 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i4.281

Abstract

This study explores the implications of subsidy reforms on green investments in Indonesia's renewable energy market, with a focus on understanding how changes in subsidy structures can support the transition from fossil fuels to renewable energy. A mixed-methods approach was used, combining quantitative data analysis on investment trends and subsidy allocation, along with qualitative interviews with key stakeholders. The findings reveal that while fossil fuel subsidies have been gradually reduced, the impact on renewable energy investments has been modest, particularly in emerging sectors like solar and wind. Geothermal and hydropower sectors received the majority of the subsidies, despite the higher potential for solar and wind. The study also finds that political resistance and the lack of clear policy stability hinder the effective implementation of subsidy reforms. Social support programs have been introduced but have not fully mitigated the regressive impacts of higher energy prices. The results suggest that more aggressive and targeted financial incentives are needed to boost green investments, alongside comprehensive long-term policy reforms. The study contributes to the understanding of subsidy reforms in the context of energy transition and highlights areas for further research, including the role of carbon pricing mechanisms and the effectiveness of social programs in promoting energy justice.
Semiotic Citizenship and the Construction of Belonging in Multilingual Public Spaces Aulia Rahman
Mustard Journal De Ecobusin Vol. 2 No. 4 (2025): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v2i4.295

Abstract

This study examines how semiotic citizenship is enacted within multilingual public spaces and how language, visibility, and emotion shape experiences of belonging in the urban environment. It focuses on how individuals negotiate recognition and participation through linguistic and visual signs distributed across the city’s semiotic landscape. The research was conducted in three contrasting urban locations a traditional market, a transportation terminal, and a municipal plaza chosen for their different semiotic ecologies and levels of institutional regulation. Using a qualitative ethnographic design grounded in semiotic landscape analysis, data were collected through visual documentation, participant observation, and semi-structured interviews with twenty-five participants, including traders, migrants, residents, and municipal officers. Multimodal discourse analysis and thematic coding were employed to interpret how signs operate as symbolic resources of citizenship. The findings show that multilingual signage functions as a semiotic performance of belonging where linguistic hierarchies, creative hybridity, and emotional attachment intersect. While formal spaces reinforce institutional authority through standardized languages, informal areas enable vernacular and hybrid expressions that serve as grassroots visibility. Participants associated the public presence of their languages with emotional recognition, shared identity, and cultural memory. Overall, semiotic citizenship emerges as an affective and participatory practice, continuously written into the multilingual textures of everyday urban life.
Recognition of Ijarah (Capital Rent) Income from Business Using the Rahn (Pawn) Agreement : JEL Classification: G21, M41, Z12, G28, K22 Nursakinah Nursakinah; Sahabuddin Sahabuddin; Winarti Winarti
Mustard Journal De Ecobusin Vol. 3 No. 1 (2026): Mustard Journal De Ecobusin (MJDE)
Publisher : Generasi Sains Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/mjde.v3i1.322

Abstract

This study aims to analyze the recognition of ijarah income derived from rahn contracts within a Sharia-compliant financial institution. A qualitative case study approach was employed, utilizing observations, in-depth interviews, and documentation to examine accounting practices at PT Pegadaian Daya Branch. The findings indicate that ijarah income is recognized based on the accrual principle at the point when custodial services are initiated, supported by real-time transaction recording systems. The study also reveals a clear separation between financing and service components, ensuring compliance with Sharia principles. Additionally, ijarah rates are determined based on collateral value and service duration, while financial reporting adopt.s a standardized and net presentation approach. The novelty of this research lies in its micro-level analysis of how Sharia accounting standards are operationalized in practice, particularly in hybrid rahn–ijarah transactions. The study contributes to the literature by bridging the gap between theoretical frameworks and real-world implementation. The findings provide practical implications for improving transparency, consistency, and compliance in Islamic financial reporting, as well as theoretical insights into the integration of accrual accounting and Sharia principles within institutional systems.

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