Jurnal Siasat Bisnis
Jurnal Siasat Bisnis (JSB) is a peer review journal published twice a year (January and July) by Management Development Centre (MDC)-Department of Management, Faculty of Economics, Universitas Islam Indonesia. JSB) addresses the broad area of management science and its applications in industry and business. It is particularly receptive to research relevant to the practice of management within the emerging regions and its effects beyond. It covers studies on how management work is done (descriptive) and/or should be done (normative) in diverse organisational forms, either in profit or non-profit firms, private or public sector institutions, or formal or informal social networks. We welcome qualitative studies with high-quality, rigorous methods, and strong impact on the field. Topics covered include, but not strictly limited to: 1. Business and management strategy 2. Marketing management 3. Operations management 4. Computing and technology management 5. Finance and investment management 6. Innovation and knowledge-based management 7. Entrepreneurship 8. Organisational behaviour and people management 9. Corporate social responsibility 10. Islamic business and management
Articles
375 Documents
<![CDATA[The effect of behavioral factors on investment decision towards stock market between Indonesia, Japan, and Thailand ]]>
<![CDATA[Marciano, Deddy]]>;
<![CDATA[Wijaya, Liliana Inggrit]]>;
<![CDATA[Sugianto, Laurenco Lingguardi]]>;
<![CDATA[Zunairoh, Zunairoh]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art4
<![CDATA[Purpose – This research consists of Behavioral Finance where it is focused on cognitive bias factors influence on Investment Decision with using the scope of research in three countries which are Indonesia, Thailand, and Japan.Design/methodology/approach – the method of research is categorized as quantitative research where it uses a questionnaire with 232 respondents. Then, the data is processed and analyzed using software SmartPLS 3.0.Findings – The findings reveal that overconfidence and availability bias have a significant positive effect on investment decisions, while herding behavior has a negative effect and anchoring bias shows no significant influence.Research limitations/implications – This research is limited by its relatively small sample size of 232 respondents across three culturally and economically diverse countries, which may affect the generalizability of the findings.Practical implications – The strong influence of overconfidence and availability bias highlights the need for improved investor education focused on risk awareness and critical analysis, especially in the digital era. Also, to prevent irrational behavior driven by herding, financial institutions and regulators should enhance collective financial literacy and promote transparent, data-driven decision-making.Originality/value – This result provides reasonable insight into why there is a difference in results between each country supported with the data and results from the previous research that have been done before.]]>
<![CDATA[The moderating effect of self-efficacy on the relationship between talent management practice and organizational resilience ]]>
<![CDATA[Nelson, Alden]]>;
<![CDATA[Agatha, Jennifer]]>;
<![CDATA[Setyawan, Agustinus]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art1
<![CDATA[Purpose – this study examines the moderating effect of self-efficacy (SE) on the relationship between talent management practice (TMP) and organizational resilience (OR) in electronic and electrical manufacturing organizations in Batam City.Design/methodology/approach – Data was collected by distributing questionnaires using Google Form. The sampling technique used was purposive sampling with a total sample size of 370. Testing was carried out using the PLS-SEM data analysis method in SmartPLS to test the relationship and level of significance between variables.Findings – The results showed that talent attraction (TA) and talent development (TD) did not significantly affect OR. Meanwhile, succession planning (SP) and talent retention (TR) have a significant positive effect. The moderating role of SE does not significantly affect the relationship between the four dimensions of TMP on OR.Research limitations/implications – This research only focuses on TMP in four dimensions, and on the manufacturing industry, especially in the electronics and electrical fields. Future researchers can conduct research by discussing more deeply on different dimensions and industries.Practical implications – The results provide insights and benefits for organizations to invest in effective TMP, encourage employee SE, and build a culture that supports resilience to realize OR.Originality/value – Previous research shows that OR is rarely studied in relation to TMP or SE, especially in the manufacturing industry. Given this gap, this study examines the relationship between the three.]]>
<![CDATA[Exploring the impact of AI competencies, B2B marketing capabilities and disruptive innovation on marketing performance: The mediating role of growth hacking ]]>
<![CDATA[Utama, Adi]]>;
<![CDATA[Johan, Ahmad]]>;
<![CDATA[Hidayat, Yosep Rahman]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art2
<![CDATA[Purpose – This study explores the relationships between AI competencies, B2B marketing capabilities, disruptive innovation, on marketing performance. It also investigates the mediating role of growth hacking in these relationships.Design/methodology/approach – A quantitative approach was employed, with an online questionnaire distributed via Google Forms to 350 managers/supervisors from B2B companies in Jakarta and Bandung. The data analysis technique used is partial least squares structural equation modeling (PLS-SEM), processed using Smart PLS 3.0 software, to assess the direct and indirect relationships between the variables.Findings – The study found that AI competencies and disruptive innovation significantly enhance growth hacking, which positively influence marketing performance. Growth hacking was identified as a significant mediator in the relationship between B2B marketing capabilities and marketing performance, highlighting its role in amplifying the impact of marketing strategies.Research limitations/implications – The study's sample size is limited to a specific region, and the cross-sectional design restricts the ability to establish causality (only companies from Jakarta and Bandung City). Future research could expand the sample and explore longitudinal effects to strengthen the generalizability of the findings.Practical implications – For practitioners, the findings emphasize the importance of integrating AI and disruptive innovation to enhance marketing capabilities. Leveraging growth hacking techniques can maximize marketing performance in B2B environments.Originality/value – This study contributes to the literature by linking AI competencies, disruptive innovation, and growth hacking to marketing performance within B2B contexts, providing valuable insights into how these elements interact to drive organizational success.]]>
<![CDATA[Unpacking the influence of parental and peer support on youth financial literacy and saving behavior in Indonesia ]]>
<![CDATA[Putra, Ivan Gumilar Sambas]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art5
<![CDATA[Purpose – This study investigates the Influence of parental and peer connections on Financial Literacy and saving Behavior among Indonesian youth. It examines how social agents shape financial competence and explores the mediating role of financial Literacy and the moderating role of self-control in enhancing saving habits.Design/methodology/approach – A quantitative research design was used a cross-sectional online survey. Data were collected from 350 students enrolled in applied colleges across Indonesia. Constructs such as Financial Literacy, self-control, saving Behavior, and social influences were measured using confirmed multi-item Likert scales. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0. Bootstrapping with 5,000 resamples was conducted to test the significance of direct, indirect, and moderating effects.Findings – The findings reveal that both parental and peer influences significantly enhance youth financial literacy, which positively affects saving Behavior. Financial Literacy mediates the relationships between social impact and saving Behavior. Self-control positively moderates the effect of financial Literacy on saving Behavior, suggesting that individuals with higher self-discipline are more likely to translate financial knowledge into saving practices.Research limitations/implications – The study’s reliance on self-reported data and a purposive sample of applied college students may limit the generalizability of the results. However, the findings emphasize the need for integrated financial education programs that involve families and peer groups, as well as behavioral training to strengthen self-regulation.Originality/value – This research contributes to the limited body of literature on youth saving Behavior in emerging economies by showing the interplay between social influences, Financial Literacy, and self-control. It offers theoretical insights based on Social Learning Theory and the Behavioral Life Cycle Theory, as well as practical recommendations for designing culturally relevant financial literacy programs for youth.]]>
<![CDATA[Shaping financial futures: exploring the impact of financial literacy, inclusion, and behavior on financial planning in Telkom University's Generation Z ]]>
<![CDATA[Mayori, Cyndi]]>;
<![CDATA[Maolana Hidayat, Agus]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art6
<![CDATA[Purpose – The research determines the positive and significant influence of Financial Literacy, Financial Inclusion, and Financial Behavior on Financial Planning.Design/methodology/approach – The research methods are quantitative with a descriptive-causal research design. A survey was conducted with 400 samples from the Gen Z student population at Telkom University. The sampling technique used in this research is non-probability sampling (purposive sampling). Data analysis techniques include descriptive analysis and path analysis using Smart-PLS.Findings – The findings indicate that financial literacy has a positive and significant effect on financial inclusion, financial behavior, and financial planning among Gen Z students at Telkom University. Higher financial literacy enables students to use financial services wisely, adopt better financial habits, and achieve effective financial planning. Financial inclusion plays a more significant role than financial behavior in mediating the relationship between financial literacy and financial planning. This highlights the commitment of Telkom University’s Gen Z students to achieving financial goals through accessible financial services and investment products, supporting their efforts to meet financial objectives within targeted timelines. Research limitations/implications – Research findings can play a crucial role in the financial planning of Gen Z students, enabling them to achieve proper and sustainable financial management by enhancing financial literacy, wise financial behavior, and proper utilization of financial products.Practical implications – This research can help Gen Z students to plan their finances by tracking and identifying their levels of financial literacy and financial behavior, as well as their access to financial products. So they can take steps to plan their finances for the future.Originality/value – Previous researchers rarely conducted this study, especially the connection between financial inclusion and financial planning, which positively influences financial planning.]]>
<![CDATA[The role of corporate governance in moderating the influence of financial distress on earnings management ]]>
<![CDATA[Widayawati, Eny]]>;
<![CDATA[Saroh, Siti]]>;
<![CDATA[Trianti, Khoiriyah]]>;
<![CDATA[Anastuti, Karina Utami]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art8
<![CDATA[Purpose – This research is to analyze the influence of financial distress on earnings management and analyze the role of Good Corporate Governance as proxied by independent commissioners in moderating the influence of financial distress on earnings management in banking companies on the Indonesia Stock Exchange for the 2018-2024 period.Design/methodology/approach – The sample in this study was determined using purposive sampling. The sample size is 150 company annual reports. Data collection uses documentation. Data analysis uses multiple regression and moderated regression analysis (MRA).Findings – Financial distress is proven to influence earnings manage¬ment. This means that when a company faces financial difficulties, management will usually carry out earnings management to cover up the financial difficulties faced so it looks good in the eyes of stakeholders. With the implementation of independent commissioners as supervisors and givers of advice who come from outside the company, it will weaken the relationship between financial distress and earnings management. This means that earnings management will go down along with the imple¬mentation of good corporate governance as proxied by independ¬ent commissioners.Research limitations/implications – The contribution presented to the independent variable on the profit-related variable is in a small group, so that there are suggestions for further studies to add related variables to this external study area and apply other sectors for future studies.Practical implications – This research provides practical benefits to banking company management to avoid earnings management practices by implementing independent commissioners.Originality/value – Previous research linking the influence of financial distress on earnings management with independent commissioner moderation has not been widely conducted and the results are still varied.]]>
<![CDATA[The role of tourist experience, perceived value, and storytelling in brand value creation: A case study from Silancur Highland ]]>
<![CDATA[Susanta, Susanta]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 29, NO 2 (2025) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol29.iss2.art7
<![CDATA[Purpose – This research uses brand relationship theory as a theoretical framework for analyzing the role of the variables perceived value (PV), affective commitment (AC), and storytelling behavior (SB) to show the relationship between tourist experience (TE) and brand value (BV).Design/methodology/approach – The study approach was evaluated empirically using data from 175 Generation Z tourists visiting the desti¬nation Silancur Highland. The research model was tested using AMOS.Findings – The research results show that1). Tourist Experience has a significant and positive effect on perceived value. 2). Tourist Experience has a significant and positive effect on Affective Commitment. 3). Perceived value has a significant and positive effect on Affective commitment. 4). perceived value has a significant and positive effect on storytelling behavior. 5). affective commitment has a significant and positive effect on storytelling behavior. 6). Storytelling behavior has a significant and positive effect on brand value. 7). Tourist experience has a significant and positive effect on storytelling behavior. 8). Tourist experience has a significant and positive effect on brand value.Research limitations/implications – Researchers only replicate the model in various types of tourism, such as sport tourism, rural tourism, farm tourism, heritage tourism, and rural tourism, so it cannot yet generalize the results further. Future research can also apply this framework to the context of other fields of science such as communication as well as psychology and other consumer features.Practical implications – empirical investigation findings, management of this area is significant because this will determine how good the total brand value is. Managers must also be able to stand out from the crowd due to the intense competition. This can be achieved by developing a tourist experience that combines these elements to build customer brand relationships, which are important for growing brand value.Originality/value – This research is a pioneering use of brand relationship theory to explore the impact of tourist experience on affective commitment, storytelling behavior, and brand value at the destination Silancur Highland, provides a new view through empirical confirmation of a model that connects tourist experience activities with brand value through perceived value (PV), affective commitment (AC), and storytelling behavior (SB).]]>
<![CDATA[Peer-to-Peer Lending: Growth, Trends, and Economic Impact Analysis ]]>
<![CDATA[Ikhlash, Muhammad]]>;
<![CDATA[Sembiring, Tiara Ayodhya Maharani]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 30, NO 1 (2026) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol30.iss1.art5
<![CDATA[Purpose – This study aims to analyze the growth trends and economic impact of peer-to-peer (P2P) lending, highlighting its role in financial inclusion and support for small businesses, particularly in contexts with limited access to traditional banking services. Design/methodology/approach – The research employs a bibliometric analysis method to evaluate scientific publications on P2P lending from 2007 to 2024, utilizing data from the Scopus database. The study uses Biblioshiny WebInterface software connected via R-Packages to map research trends, author productivity, and international collaborations. Findings – The analysis reveals a significant increase in P2P lending research publications, peaking in 2021. Key authors, institutions, and countries contributing to the field are identified, with China and the USA leading in research output and collaboration. The study highlights the dual focus on economic and technological aspects of P2P lending in the literature. Research limitations/implications – The research is limited to articles, conference papers, and conference reviews, excluding other document types such as editorials and errata. This exclusion may restrict a comprehensive understanding of the entire spectrum of literature on P2P lending. Practical implications – The findings underscore the importance of P2P lending in enhancing financial inclusion and providing alternative financing for SMEs. The identified research trends and influential contributors offer valuable insights for policymakers and practitioners to support the growth and regulation of P2P lending platforms. Originality/value – This study provides a comprehensive bibliometric analysis of P2P lending research, offering a detailed overview of publication trends, key contributors, and international collaboration networks. It contributes to the existing literature by mapping the development and focus areas of P2P lending research, serving as a reference for future studies and policy formulation.]]>
<![CDATA[Live streaming's reigning monarchs: Delving into the pivotal role of influencers through live broadcasts ]]>
<![CDATA[Erwin, Erwin]]>;
<![CDATA[Maupa, Haris]]>;
<![CDATA[Jilbert, Julius]]>;
<![CDATA[Sanusi, Abdullah]]>;
<![CDATA[Suade, Yuyun Karystin Meilisa]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 30, NO 1 (2026) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol30.iss1.art2
<![CDATA[Purpose – The ubiquity of online businesses has seen a surge in influencer marketing, with live streaming emerging as a prominent strategy. However, the pivotal role of influencers, individuals with a substantial social media following, in live streaming and their subsequent influence on customer behavior justifies a thorough investigation. This research digs into the role of influencers in live streaming and examines their impact on Customer Engagement and Brand Awareness through live streaming activities.Design/methodology/approach – A sample of 225 online customers joined this study. Data was collected using a questionnaire using a 5-point Likert scale and analyzed using Partial Least Square-Structural Equation Modeling (PLS-SEM) processed with WarpPLS Version 8.0.Findings – Influencers can substantially contribute to both customer engagement and brand awareness through live streaming. However, the study indicates that influencers do not directly contribute to brand awareness. Influencers reign supreme in the realm of live streaming, showing their potential to enhance customer engagement and brand awareness. The study offers valuable insights for businesses and influencers to effectively leverage live streaming to meet their marketing goals.Research limitations/implications – The cross-sectional design of the study hinders causal inferences. Longitudinal research and broader sampling are necessary to establish temporal relationships and generalize findings to diverse populations and regions.Practical implications – The research suggests that businesses should strategically select influencers, leverage live streaming for engagement and brand, foster authentic relationships, and measure campaign performance while combining influencer marketing with other digital strategies.Originality/value – This research offers a comprehensive exploration of the synergistic relationship between influencers and live streaming in driving customer engagement and brand awareness, providing empirical evidence and practical recommendations for marketers.]]>
<![CDATA[Strengthening transparency and performance: The role of independent commissioners in enhancing CSR disclosure's impact on firm performance ]]>
<![CDATA[Septiany, Sheila]]>;
<![CDATA[Jurnali, Teddy]]>;
<![CDATA[Antonia Sim, Cicilia]]>;
<![CDATA[Suparman, Meiliana]]>;
<![CDATA[Wati, Erna]]>
<![CDATA[ Jurnal Siasat Bisnis VOL 30, NO 1 (2026) ]]>
Publisher : <![CDATA[Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia ]]>
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DOI: 10.20885/jsb.vol30.iss1.art1
<![CDATA[Purpose – This study examines the effects of corporate social responsibility (CSR) disclosure on firm performance measured by Return on Equity (ROE), while examining the moderating role of independent commissioners in strengthen this relationship.Design/methodology/approach – This research uses data obtained from all publicly listed companies on the Indonesia Stock Exchange, comprising 514 firm-year observations from 2018 to 2022. Employing moderated regression analysis model, the study evaluates the direct and moderating effects within the proposed research framework.Findings – The findings reveal that CSR disclosure is positively and significantly related to the firm performance. In addition, independent commissioners are shown to strengthen the relationship, where more independent and objective supervision increases the effectiveness of CSR and attracts investor confidence.Research limitations/implications – This study aggregates CSR disclosure without differentiating its parts and does not account for the features of independent commissioners, such as knowledge or tenure. Future studies should explore these dimensions and conduct comparative or longitudinal studies to enhance the understanding of CSR's impact on financial performance.Practical implications – This study provides guidance for company management to improve CSR strategies by enhancing the oversight quality of independent commissioners. The findings also suggest that policymakers and professional institutions should focus on strengthening the competence and accountability of board members through evaluation frameworks and training programs, to ensure effective governance in CSR practices and long-term firm performance.Originality/value – This study offers a new perspective by examining the moderating role of independent commissioners in the CSR to financial performance relationship in Indonesia, using a more detailed CSR disclosure measure based on the GRI 2021 framework. It provides practical and academic insights into governance and sustainability in emerging markets.]]>
