Fundamental and Applied Management Journal
Strategic and Operations Management, addressing strategic decision-making, operational excellence, supply chain, process improvement, and performance management. Business and International Management, covering global strategy, cross-border operations, internationalization, and comparative management practices. Marketing and Consumer Studies, exploring market strategy, consumer behavior, branding, digital marketing, and marketing analytics. Human Resource Management and Organisational Behaviour, focusing on talent management, leadership, motivation, organizational culture, and workplace behavior. Entrepreneurship and Management of Innovation, examining venture creation, entrepreneurial ecosystems, innovation strategy, and scaling new businesses. Management of Technology and Innovation, investigating technology adoption, digital transformation, R&D management, and innovation processes in organizations. Corporate Social Responsibility and Sustainability, addressing sustainable strategy, ESG, social impact, stakeholder engagement, and responsible business practices. Corporate Governance, covering board effectiveness, governance structures, accountability, transparency, and regulatory compliance. Financial Management, focusing on corporate finance, investment decisions, financial performance, risk management, and financial planning.
Articles
151 Documents
<![CDATA[Improving Pesantren Performance Through Transformational Leadership, Social Entrepreneurship, and Social Capital: The Mediating Roles of Creativity and Social Value Creation ]]>
<![CDATA[Muhammad Hafidh Nashrullah]]>;
<![CDATA[Sukesi]]>;
<![CDATA[Slamet Riyadi]]>;
<![CDATA[Nawari]]>;
<![CDATA[Ahmad Munir Hamid]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.821
<![CDATA[This study examines how transformational leadership, social entrepreneurship, and social capital influence pesantren performance, both directly and indirectly through creativity and social value creation. A quantitative explanatory design was applied using a census of 217 respondents, consisting of 9 leaders and 208 employees of pesantren business units from nine pesantren in East Java, Indonesia. Data were analyzed using partial least squares structural equation modeling with SmartPLS 4.1. The structural model explained 61.2% of the variance in pesantren performance (R² = 0.612), 33.0% of the variance in social value creation (R² = 0.330), and 29.5% of the variance in creativity (R² = 0.295). The strongest direct effect was transformational leadership on social value creation (β = 0.424, p < 0.001), followed by social entrepreneurship on social value creation (β = 0.404, p < 0.001). Transformational leadership, social entrepreneurship, and social capital significantly increased creativity. Transformational leadership and social entrepreneurship also significantly increased social value creation, whereas social capital did not have a significant direct effect on social value creation (β = 0.075, p = 0.281). Pesantren performance was significantly influenced by transformational leadership, social entrepreneurship, social capital, creativity, and social value creation. Creativity significantly mediated the effects of transformational leadership (β = 0.072, p = 0.021), social entrepreneurship (β = 0.054, p = 0.033), and social capital (β = 0.065, p = 0.012) on pesantren performance. Social value creation mediated the effects of transformational leadership (β = 0.097, p = 0.001) and social entrepreneurship (β = 0.092, p = 0.004), but it did not mediate the relationship between social capital and performance (β = 0.017, p = 0.325). The findings show that pesantren performance is strengthened when leadership, entrepreneurial orientation, and relational resources are converted into creative organizational routines and measurable social value.]]>
<![CDATA[Green Marketing Strategies and Consumer Purchasing Decisions: An Analysis of Environmental Awareness as a Moderator ]]>
<![CDATA[Agus Cholik]]>;
<![CDATA[Andi Kurniawati]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.833
<![CDATA[This study examines the influence of green marketing on consumer purchasing decisions by positioning environmental awareness as a moderating variable. The research was motivated by the increasing public concern regarding environmental sustainability, which has encouraged companies to adopt environmentally oriented marketing strategies to influence consumer behavior. However, the effectiveness of green marketing practices remains dependent on the extent to which consumers possess environmental awareness and ecological responsibility. This study employed a quantitative explanatory research design using a survey method. Data were collected from 300 consumers who had previously purchased environmentally friendly products in several urban areas in Indonesia. The sampling technique applied was purposive sampling, while data analysis was conducted using SPSS version 27 through descriptive statistics, validity and reliability testing, classical assumption testing, multiple linear regression analysis, and Moderated Regression Analysis (MRA). The findings reveal that green marketing has a positive and significant effect on consumer purchasing decisions. Environmental awareness also positively influences purchasing decisions and significantly strengthens the relationship between green marketing and consumer purchasing decisions. These results indicate that consumers with higher environmental awareness are more responsive to sustainability-oriented marketing strategies and more likely to support environmentally friendly products. The study contributes theoretically by extending sustainable marketing literature through the integration of environmental awareness as a moderating variable. Practically, the findings provide strategic insights for companies in developing authentic green marketing initiatives and strengthening environmental education to encourage sustainable consumer behavior.]]>
<![CDATA[Spiritual Leadership and Lecturer Performance in Indonesian Private Higher Education: Unveiling the Sequential Mediating Roles of Job Satisfaction and Organizational Commitment ]]>
<![CDATA[Ilham]]>;
<![CDATA[St. Sukmawati]]>;
<![CDATA[Ramlawati]]>;
<![CDATA[Andi Tenri Olle]]>;
<![CDATA[Murad Lahadji]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.845
<![CDATA[This study investigates the direct and indirect effects of spiritual leadership on lecturer performance through the sequential mediating roles of job satisfaction and organizational commitment. A quantitative explanatory research design was employed using a cross-sectional survey of 312 lecturers from private universities in Southeast Sulawesi, Indonesia. Data were collected through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results reveal that spiritual leadership significantly enhances lecturer performance both directly and indirectly. Spiritual leadership positively affects job satisfaction and organizational commitment, while both variables significantly contribute to lecturer performance. Furthermore, job satisfaction positively influences organizational commitment. Mediation analysis confirms that job satisfaction and organizational commitment function not only as independent mediators but also as sequential mediators linking spiritual leadership and lecturer performance. The structural model explains 68.7% of the variance in lecturer performance, indicating substantial explanatory power. This study extends spiritual leadership theory by integrating social exchange theory and attitude theory to explain the psychological mechanisms through which leadership influences lecturer performance. The findings highlight the importance of fostering vision, hope/faith, and altruistic love to strengthen lecturers’ job satisfaction, organizational commitment, and performance in teaching, research, and community service activities within higher education institutions.]]>
<![CDATA[Determinants of OVO Mobile Payment Adoption among Generation Y and Z Users in Indonesia: The Mediating Role of Satisfaction ]]>
<![CDATA[Nuri Aslami]]>;
<![CDATA[Ali Ikhwan]]>;
<![CDATA[Ismail Lutfi Japakiya]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.854
<![CDATA[Understanding the factors influencing mobile payment acceptance has become increasingly crucial amid the rapid expansion of digital payment systems in Indonesia. Using satisfaction as a mediating variable, this study integrates the Technology Acceptance Model (TAM) and the Theory of Reasoned Action (TRA) to investigate OVO mobile payment acceptance among Generation Y and Generation Z users in Indonesia. A total of 165 active OVO users participated in an online survey as part of a quantitative approach. Structural Equation Modeling Partial Least Squares (SEM-PLS) was used to examine the data. The findings show that perceived usefulness and convenience of use do not significantly affect satisfaction or intention to use. In contrast, features and trust significantly influence satisfaction, and satisfaction significantly and positively affects intention to use. Additionally, full mediation is indicated by the feature's substantial indirect effect on intention to use via satisfaction. Partial mediation is indicated by the direct and indirect effects of trust on intention to use, mediated by satisfaction. These results show that trust, application features, and user pleasure are more important among digitally aware generations than basic technology acceptance considerations. By illustrating the mediating function of pleasure in explaining OVO adoption behavior among Generation Y and Generation Z users in Indonesia, this study adds to the literature on mobile payment acceptance. Practically, OVO providers should focus on strengthening application features, maintaining user trust, and improving customer satisfaction to encourage continuous usage intention.]]>
<![CDATA[Perceived Value as a Mediator of Service Experience, Atmosphere, and Customer Engagement on Customer Satisfaction: Evidence From Fitness Center Customers in Lamongan ]]>
<![CDATA[Nawari]]>;
<![CDATA[Muhammad Hafidh Nashrullah]]>;
<![CDATA[Siti Shoimah]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.864
<![CDATA[Indonesia’s expanding fitness industry has intensified competition, making customer satisfaction crucial for retention and sustainability. However, limited research explains how Service Experience, Atmosphere, and Customer Engagement influence satisfaction through Perceived Value in local fitness-center contexts. This study aims to analyze the effects of Service Experience, Atmosphere, and Customer Engagement on Customer Satisfaction, with Perceived Value as a mediating variable among fitness-center members in Lamongan. A quantitative explanatory design was applied using a cross-sectional survey. Structured questionnaires were distributed to 220 active members, and the proposed relationships were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS. The findings show that Service Experience, Atmosphere, and Customer Engagement positively and significantly affect Perceived Value. Customer Engagement and Perceived Value positively and significantly affect Customer Satisfaction. Atmosphere has no significant direct effect, while Service Experience has a significant negative direct effect on Customer Satisfaction. Perceived Value mediates the effects of all three antecedents on Customer Satisfaction. The study concludes that Perceived Value is a central mechanism linking service-related experiences to satisfaction and supporting stronger customer loyalty, competitiveness, and long-term relationships in Indonesia’s increasingly competitive local fitness service market today.]]>
<![CDATA[Entrepreneurial Leadership and Business Performance in MSMEs in the Digital Era: A Systematic Literature Review ]]>
<![CDATA[Duki Adam]]>;
<![CDATA[Ade Banani]]>;
<![CDATA[Ratno Purnomo]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.878
<![CDATA[Over the past decade, research on entrepreneurial leadership in MSMEs has grown both in terms of quantity and thematic depth, shifting from conceptual analyses toward empirical studies. The purpose of this study is to summarize the literature, identify key empirical gaps, and formulate research recommendations and practical implications for MSME practitioners and policymakers. This study employs a systematic literature review using the PRISMA methodology on 21 articles from the Scopus database spanning the period from 2016 to 2025. The findings indicate that entrepreneurial leadership has been proven to enhance employee creativity, innovative work behavior, and organizational innovation capabilities. These findings underscore the importance of investing in the development of entrepreneurial leadership competencies, fostering a culture of learning and ethics, and implementing managerial practices that support innovation and technology adoption to accelerate knowledge transfer and enhance the competitiveness of MSMEs. A limitation of this study is that it only used the Scopus database with open-access articles in English, only included articles with at least 21 citations, only considered articles containing the keywords “entrepreneurial leadership” and “SMEs,” and relied solely on the Scopus database. Future research could expand the database, language options, and include non-open-access articles]]>
<![CDATA[Green Accounting Transparency, Organizational Image, and the Mediating Role of Maqasid Syariah Index on Public Trust in Zakat Management Organizations ]]>
<![CDATA[Rahmat Daim Harahap]]>;
<![CDATA[Muhammad Syukri Albani Nasution]]>;
<![CDATA[Nurlaila]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.889
<![CDATA[Public trust in Zakat Management Organizations (OPZ) is a fundamental prerequisite for sustainable Islamic philanthropic governance. This study examines the direct effects of green accounting transparency and organizational image on public trust in OPZ in North Sumatra Province, Indonesia, and tests the mediating role of the Maqasid Syariah Index (MSI). A quantitative causality design was employed using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4.1. Primary data were collected from 171 respondents comprising muzaki, stakeholders, and OPZ partners through purposive sampling. Convergent validity was confirmed through standardized loading factors (SLF ≥ 0.70), Average Variance Extracted (AVE ≥ 0.50), Composite Reliability (CR ≥ 0.70), Cronbach's alpha, and rho_A. Discriminant validity was confirmed through HTMT ratios (< 0.90). Common method bias was assessed via full collinearity VIF at the construct level (all VIF < 3.3). Results indicate that green accounting transparency (β = 0.692, p < .001) and organizational image (β = 0.120, p = .002) significantly and positively influence public trust. MSI directly affects public trust (β = 0.145, p < .001) and significantly partially mediates the organizational image–public trust relationship (indirect β = 0.068, 95% CI [0.019, 0.117], p = .006). The green accounting–MSI–public trust mediation path was not significant (indirect β = 0.031, 95% CI [−0.003, 0.065], p = .074). The R² for public trust is 44.6%. These findings contribute to an integrative Islamic philanthropic accountability model anchored in legitimacy theory and stakeholder theory, with context-specific implications for North Sumatra OPZ governance.]]>
<![CDATA[Financial Literacy, Lifestyle, and Financial Behavior Among Generation Z: The Moderating Role of Siri’ Local Wisdom ]]>
<![CDATA[Asriany]]>;
<![CDATA[Rikinorhakis Ridzwan]]>;
<![CDATA[Antong]]>;
<![CDATA[Riyanti]]>;
<![CDATA[Samsul Bachri]]>;
<![CDATA[Andi Jaman]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.897
<![CDATA[This study examines the effects of financial literacy and lifestyle on financial behavior among Generation Z and tests whether Siri’ Culture functions as a cultural moderator. A quantitative correlational design was employed using data from 203 Generation Z respondents domiciled in Palopo City, South Sulawesi, Indonesia. The respondents were selected from the defined Generation Z population and data were collected through a structured questionnaire measured on a five-point Likert scale. The data were analyzed using Structural Equation Modeling–Partial Least Squares with SmartPLS 4.0. The findings reveal that financial literacy has a significant positive effect on financial behavior, indicating that respondents with higher financial knowledge tend to demonstrate more responsible financial management practices. In contrast, lifestyle does not significantly influence financial behavior. Siri’ Culture also does not significantly affect financial behavior either directly or as a moderating variable in the relationships between financial literacy, lifestyle, and financial behavior. These findings indicate that financial literacy remains the strongest determinant of financial behavior in this sample, while the null results for Siri’ Culture suggest that indigenous cultural values may not automatically translate into measurable financial behavior effects unless activated through specific social, educational, or institutional mechanisms. This study contributes to behavioral finance by clarifying the boundary conditions for integrating indigenous cultural values into quantitative financial behavior models.]]>
<![CDATA[From Financial Inclusion to Financial Vulnerability: The Role of Debt Pressure and Risk Awareness Among MSME Digital Lending Users ]]>
<![CDATA[Carolina Ety Widjayanti]]>;
<![CDATA[Wiwiek Rabiatul Adawiyah]]>;
<![CDATA[Sudarto]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.903
<![CDATA[The rapid growth of digital lending has expanded financial inclusion among micro, small, and medium enterprises (MSMEs) by providing faster and more flexible access to financing. However, excessive reliance on digital lending may also increase financial vulnerability through rising repayment burdens and debt pressure. This study examines the effect of digital lending on MSME financial vulnerability, the mediating role of debt pressure, and the moderating role of risk awareness. Using a cross-sectional survey design, data were collected from 175 MSME owners who had experience using digital lending services. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that digital lending has a positive and significant effect on debt pressure, while debt pressure significantly increases financial vulnerability. The direct effect of digital lending on financial vulnerability remains significant, and the bootstrapped indirect effect through debt pressure is also significant (β = -0.247, p = 0.009), confirming the presence of partial mediation. Furthermore, risk awareness significantly moderates the relationship between debt pressure and financial vulnerability, weakening the negative impact of debt pressure on MSME financial conditions. These findings highlight the paradox of digital financial inclusion, in which easier access to financing may simultaneously create financial pressure and vulnerability when not accompanied by adequate risk awareness. The study contributes to the behavioral finance and financial vulnerability literature by integrating mediation and moderation mechanisms within a single framework and offers practical implications for MSME owners, fintech providers, and regulators in promoting responsible digital lending practices.]]>
<![CDATA[Beyond the Support Function: How Human Resource Development Becomes a Strategic Driver of the Competitiveness of SMEs: A Bibliometric Analysis ]]>
<![CDATA[Anggi Pasca Arnu]]>;
<![CDATA[Disman]]>;
<![CDATA[Rofi Rofaidah]]>;
<![CDATA[Syamsul Hadi Senen]]>;
<![CDATA[Tjutju Yuniarsih]]>
<![CDATA[ Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June ]]>
Publisher : <![CDATA[Global Research Collaboration ]]>
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DOI: 10.66314/famj.v4i2.913
<![CDATA[Human Resource Development (HRD) has attracted increasing academic attention as a strategic lever for enhancing the performance and sustainability of Small and Medium-Sized Enterprises (SMEs). Despite a growing body of literature, no comprehensive bibliometric map of the field exists, leaving its intellectual structure and thematic evolution largely uncharted. This study systematically analyses research trends, thematic evolution, influential studies, and global collaboration patterns in HRD in SMEs using a bibliometric approach. A total of 859 documents were retrieved from the Scopus database through a systematic identification, deduplication (n = 0 duplicates removed), screening, and eligibility process. Publication and citation trends were analysed using Microsoft Excel, and keyword co-occurrence networks and overlay visualisations were produced using VOSviewer (minimum co-occurrence threshold: ≥3). Results reveal a significant increase in HRD in SMEs publications particularly after 2015. Highly cited studies emphasise digital transformation, performance measurement systems, sustainability, and capability development. Research is globally distributed, with dominant contributions from developed countries and increasing participation from emerging economies. Network and overlay visualisations confirm the field is increasingly multidisciplinary, integrating human capital, digital transformation, sustainability, and Industry 4.0, with emerging themes including green HRM, resilience, and co-creation. This study provides a large-scale bibliometric mapping of the HRD in SMEs research field, confirming that HRD has evolved from a peripheral support function into a strategic research domain that bridges human capital theory, digital transformation, and sustainability.]]>
