International Journal of Economic and Business Research
Profixa: International Journal of Economic and Business Research is a peer-reviewed, open-access journal publishing high-quality research in economics, business, and management. The journal accepts manuscripts in English or Indonesian, covering topics such as economic policy, finance, entrepreneurship, marketing, human resource management, digital economy, sustainability, and SME studies. Profixa publishes quarterly (January, April, July, October) under a CC BY-SA 4.0 license with no article processing charges, providing an international platform for scholars, practitioners, and policymakers to share original and impactful research.
The Impact of Sharia Securities Crowdfunding on The Performance of The Islamic Capital Market in Indonesia: A Conceptual Review of Strengthening The Islamic Financial Ecosystem
The rapid advancement of financial technology has accelerated the development of Sharia Securities Crowdfunding (SSCF) as an innovative financing and investment mechanism within Indonesia's Islamic financial ecosystem. This study aims to conceptually examine the impact of SSCF on the performance of the Islamic capital market through a qualitative approach employing library research integrated with a Systematic Literature Review (SLR). The analysis synthesizes evidence from academic publications, regulatory documents, and institutional reports to evaluate the strategic role of SSCF from the perspectives of Financial Intermediation Theory, Financial Inclusion Theory, and Signaling Theory. The findings indicate that SSCF strengthens the Islamic capital market by improving financial intermediation, expanding financing access for Micro, Small, and Medium Enterprises (MSMEs), broadening investor participation, and enhancing market transparency through Sharia-compliant digital platforms. Nevertheless, its sustainable development remains constrained by regulatory adaptation, governance quality, financial literacy, cybersecurity, and stakeholder coordination. Strengthening regulatory harmonization, institutional collaboration, digital infrastructure, and Islamic financial literacy is therefore essential to maximize the contribution of SSCF to a resilient, inclusive, and sustainable Islamic financial ecosystem in Indonesia.
Financial Inclusion, Islamic Capital Market, Islamic Financial Ecosystem, Islamic FinTech, Sharia Securities Crowdfunding.
Copyright (c) 2026 Masruri Masruri, Ahmad Solekhan (Author) https://creativecommons.org/licenses/by-sa/4.0
The Effect of Internal Audit on The Quality of Financial Reporting: The Mediating Roles of Internal Control and Management Accountability in Private Hospitals in Lumajang Regency, Indonesia
This study examines the effect of Internal Audit on Financial Reporting Quality, both directly and indirectly through the mediating roles of Internal Control and Management Accountability, in private hospitals in Lumajang Regency, Indonesia, that have implemented the Hospital Management Information System (SIMRS). An explanatory quantitative design was employed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Primary data were collected through questionnaires from 55 respondents selected using purposive sampling from six private hospitals, including finance staff, Internal Supervisory Unit (SPI) members, and management personnel. The findings reveal that Internal Audit has no significant direct effect on either Financial Reporting Quality or Internal Control. Conversely, Internal Audit significantly enhances Management Accountability, while both Internal Control and Management Accountability positively influence Financial Reporting Quality. Mediation analysis indicates that Internal Control does not mediate the relationship between Internal Audit and Financial Reporting Quality, whereas Management Accountability fully mediates this relationship. The study extends Agency Theory by demonstrating that the effectiveness of Internal Audit in improving financial reporting quality depends primarily on strengthening managerial accountability rather than solely on reinforcing internal control mechanisms, providing practical implications for governance improvement in private hospitals implementing SIMRS.
Financial Reporting Quality, Internal Audit, Internal Control, Management Accountability, Private Hospitals.
Copyright (c) 2026 Jumkhairiyah Jumkhairiyah, Agung Budi Sulistyo, Ahmad Roziq (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Level of Implementation of Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) on the Quality of MSME Financial Reports in Manado City
This study examines the level of implementation of the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) and its effect on the quality of MSME financial reports in Manado City. A quantitative approach with a causal associative design was employed, using simple linear regression analysis. Primary data were collected through structured questionnaires distributed to 80 MSME owners selected using purposive sampling. The research instrument was evaluated through validity and reliability tests, while the regression model was assessed using classical assumption tests before hypothesis testing. The findings indicate that the implementation of SAK EMKM among MSMEs is generally categorized as good, with an average implementation score of 57.01 out of a maximum of 65, although weaknesses remain in the preparation of Notes to the Financial Statements (CALK). Hypothesis testing reveals that the implementation level of SAK EMKM has a positive and statistically significant effect on the quality of MSME financial reports (t = 11.509; p < 0.001). The coefficient of determination (R² = 0.629) demonstrates that 62.9% of the variation in financial reporting quality is explained by the level of SAK EMKM implementation. These findings highlight the importance of strengthening accounting standard implementation to improve the transparency, reliability, and decision usefulness of MSME financial reporting.
Financial Report Quality, Manado City, MSMEs, SAK EMKM, SAK EMKM Implementation.
Copyright (c) 2026 Jeshlyn Evania Stefanny Rombang, Jenny Morasa, Midian C. Rori (Author) https://creativecommons.org/licenses/by-sa/4.0
The Effect of Macroeconomic Fundamentals, Capital Structure, Good Corporate Governance, and Firm Size on Financial Performance with Earnings Management as an Intervening Variable: Evidence from Primary Consumer Goods Companies Listed on the Indonesia Stock Exchange (2020–2024)
This study aims to analyze the effect of macroeconomic fundamentals, capital structure, Good Corporate Governance, and firm size on financial performance with earnings management as an intervening variable in primary consumer goods companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research applies a quantitative approach using purposive sampling, resulting in a final sample of four companies. Data analysis was conducted using Structural Equation Modeling based on Partial Least Squares (SEM-PLS) with SmartPLS software. The results indicate that capital structure has a significant negative effect on financial performance, while firm size has a significant positive effect on earnings management. Macroeconomic fundamentals, Good Corporate Governance, and firm size do not have a significant direct effect on financial performance. In addition, earnings management does not mediate the relationship between macroeconomic fundamentals, capital structure, Good Corporate Governance, and firm size on financial performance, as all indirect effect p-values exceed 0.05. The R-square values indicate that the model explains 22.8% of the variance in earnings management and 49.1% of the variance in financial performance, while the remaining variation is attributable to factors outside the proposed model.
Capital Structure, Earnings Management, Financial Performance, Good Corporate Governance, Macroeconomic Fundamentals.
Copyright (c) 2026 Devi Nadia Agustina, Hwihanus Hwihanus (Author) https://creativecommons.org/licenses/by-sa/4.0
Digital Financial Innovation's Impact, Cash Holding, and Investment Efficiency on Firm Size as a Moderating Variable and Firm Value via Financial Flexibility
This study aims to examine the effect of Digital Financial Innovation, Cash Holding, and Investment Efficiency on Firm Value, both directly and indirectly through Financial Flexibility as a mediating variable, as well as Firm Size as a moderating variable. A quantitative approach was employed using secondary data from companies listed on the Indonesia Stock Exchange (IDX) during the 2023–2025 period. The sample was selected using purposive sampling, resulting in 30 firms with 90 firm-year observations. Data were analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS) with SmartPLS software. The results show that Digital Financial Innovation and Investment Efficiency do not have a significant direct effect on Firm Value, but both have a positive and significant effect on Financial Flexibility. Cash Holding is found to have a positive and significant effect on both Firm Value and Financial Flexibility. However, Financial Flexibility does not significantly affect Firm Value and does not mediate the relationship between the independent variables and Firm Value. Firm Size also has no significant effect on Firm Value and does not moderate the relationship between Financial Flexibility and Firm Value, acting only as a predictor variable. These findings highlight the importance of liquidity management and digital readiness in strengthening corporate financial resilience. Investors should consider liquidity, digital strategy, and financial structure beyond firm size.
Digital Financial Innovation, Cash Holding, Investment Efficiency, Financial Flexibility, Firm Value.
Copyright (c) 2026 Desita Mustikasari Wijayanti, Imelda Mutiara Chandra, Merryscha Putri Az Zahra, Nina Nor Fadilah, Ulfa Ulfa, Tiffany Shahnaz Wati, Maria Yovita R. Pandin (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of Consumer Attitudes, Purchasing Patterns, and Consumption Patterns in Choosing Broiler Chicken and/or Local Chicken in Natar District, South Lampung Regency
This empirical study examines the structural interplay among consumer attitudes, purchasing patterns, and domestic consumption trajectories in selecting broiler and local chicken within Natar District, South Lampung Regency. Utilizing a cross sectional survey design with sixty household food decision makers selected via accidental sampling at traditional and modern retail hubs, primary behavioral datasets were collected and evaluated through the Multiattribute Fishbein model alongside descriptive statistical processing. The empirical results demonstrate that consumer attitudes toward both poultry variants fall into the moderately favorable category, with total attitude scores reaching 120.99 for broiler chicken and 121.68 for local chicken. Broiler chicken exhibits superior performance in economic accessibility, market availability, and muscle fiber tenderness, while local chicken is favored for taste authenticity, nutrient density, and health safety. Purchasing and consumption patterns indicate a balanced reliance on traditional and modern market channels, with broiler chicken functioning as the dominant weekly protein staple owing to intensive regional supply trajectories, short preparation cycles, and clear sensory preferences for fried thigh and breast cuts.
Broiler Chicken, Local Chicken, Consumer Attitude, Purchasing Pattern, Consumption Pattern.
Copyright (c) 2026 Navarina Ajeng Pratiwi, Firdasari Firdasari, Adia Nugraha (Author) https://creativecommons.org/licenses/by-sa/4.0
Customer Satisfaction with PLN Mobile Application at PT PLN (Persero) ULP Samarinda Ilir: A Qualitative Study
PLN Mobile is a digital service platform developed by PT PLN (Persero) to facilitate customer access to electricity services, including bill payments, token purchases, service requests, and complaint handling. Despite supporting the company's digital transformation, users continue to experience system instability, slow response times, login failures, and limited responsiveness of complaint features. This study aims to analyze customer satisfaction with the PLN Mobile application among users of PT PLN (Persero) ULP Samarinda Ilir by examining perceived usefulness, ease of use, system quality, and service quality. A qualitative case study approach was employed. Data were collected through in-depth interviews, observations, and documentation involving 15 customers selected using purposive sampling. Data were analyzed using the Miles and Huberman interactive model and thematic coding. The findings indicate that users are generally satisfied with PLN Mobile, with perceived usefulness emerging as the strongest determinant of satisfaction due to its convenience, time efficiency, and accessibility. However, system quality remains the primary challenge because of application errors, slow performance, and login disruptions. The study concludes that while PLN Mobile provides substantial functional benefits, improvements in system reliability, complaint responsiveness, and feature optimization are essential to enhance customer satisfaction and encourage sustained application use.
Copyright (c) 2026 Darmawan Aprianto, Martin Pongsonggo, I Made Suparta, Endah Budiarti (Author) https://creativecommons.org/licenses/by-sa/4.0
Systematic Literature Review: Determinants of Financial Statement Disclosure in Local Governments and Implications for Jambi City Government
Financial statement disclosure is a critical element of public sector accountability and transparency, yet the determinants influencing disclosure quality in local governments remain fragmented across the literature. This study aims to systematically review and synthesize the determinants of local government financial statement disclosure and to derive implications for the Jambi City Government. Using a Systematic Literature Review (SLR) approach, relevant studies were identified from major academic databases and analyzed through thematic synthesis and qualitative content analysis. The findings indicate that disclosure quality is influenced by interconnected factors, including human resource competence, governance quality, internal control systems, audit mechanisms, organizational commitment, information systems, and accounting standards implementation. The review also reveals growing attention to technological and organizational dimensions alongside traditional governance and compliance factors. The synthesis suggests that effective disclosure practices require integrated institutional, managerial, and technological support rather than reliance on regulatory compliance alone. The study contributes by providing a comprehensive framework of disclosure determinants and offering evidence-based insights for strengthening financial transparency and accountability in local governments.
Accountability, Financial Statement Disclosure, Local Government, Public Sector Accounting, Transparency.
Copyright (c) 2026 Mery Rohaya Sihombing, Sri Rahayu, Rico Wijaya (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of 360-Degree Feedback and Performance Appraisal Fairness on Employee Motivation
This study investigates the influence of 360 degree feedback and performance appraisal fairness on employee motivation to improve performance through the mediating role of Leader Member Exchange. The research adopts a quantitative explanatory approach using Structural Equation Modelling to examine causal relationships among the proposed constructs. Data were collected from 207 employees working in formal sector organizations that implemented 360 degree feedback systems. The findings reveal that 360 degree feedback significantly enhances Leader Member Exchange, while performance appraisal fairness also contributes positively to the quality of supervisor employee relationships. Leader Member Exchange demonstrates a significant positive effect on motivation to improve performance. The mediation analysis further confirms that Leader Member Exchange serves as a significant mechanism linking both 360 degree feedback and performance appraisal fairness with employee motivation. The results indicate that employees are more motivated to improve performance when appraisal practices are perceived as fair and are supported by strong relational exchanges characterized by trust, respect, and support. The study contributes to performance management literature by highlighting the central role of relational dynamics in transforming appraisal practices into motivational outcomes.
360 Degree Feedback, Leader Member Exchange, Motivation To Improve Performance, Performance Appraisal Fairness, Performance Management.
Copyright (c) 2026 Eva Fachria (Author) https://creativecommons.org/licenses/by-sa/4.0
A Structural Model of the Influence of Artificial Intelligence Use and Self-Efficacy on Communication Skills Through Critical Thinking Among Economics Education Students at the Faculty of Economics and Business, University of Yogyakarta
This study examined the structural relationships among Artificial Intelligence use, self efficacy, critical thinking, and communication skills among undergraduate students of the Economics Education Program at the Faculty of Economics and Business, Yogyakarta State University. The study employed a quantitative explanatory approach using an ex post facto design. Data were collected from 249 students through a structured questionnaire based on a five point Likert scale and analyzed using Partial Least Squares Structural Equation Modeling. The findings revealed that Artificial Intelligence use and self efficacy significantly and positively influenced critical thinking. Artificial Intelligence use, self efficacy, and critical thinking also demonstrated significant positive effects on communication skills. Critical thinking emerged as the strongest predictor of communication skills and functioned as a significant mediating variable in the relationships between Artificial Intelligence use and communication skills as well as between self efficacy and communication skills. The results indicate that the effectiveness of Artificial Intelligence in higher education depends not only on technological utilization but also on students’ cognitive capabilities in evaluating, interpreting, and communicating information. The study highlights the strategic importance of integrating Artificial Intelligence supported learning environments with initiatives that strengthen self efficacy and critical thinking to improve students’ academic communication competence.
Artificial Intelligence, Self Efficacy, Critical Thinking, Communication Skills, Economics Education.
Copyright (c) 2026 Aprillia Dwi Handayani, Ahmad Hafidh Saiful Fikri (Author) https://creativecommons.org/licenses/by-sa/4.0
Systematic Literature Review: The Role of Internal Control Systems on Sustainability Disclosure
This study employs a bibliometric Systematic Literature Review (SLR) approach to examine the role of internal control systems in sustainability disclosure and to map the development of related research during the 2016–2025 period. The study utilized articles indexed in the Scopus database and other reputable scientific sources by applying purposive sampling techniques. A total of 20 selected articles were analyzed based on publication trends, research sectors, methodologies, and thematic focus. The findings indicate that internal control systems play a significant role in supporting corporate sustainability by enhancing transparency, accountability, reporting integrity, and governance effectiveness. Internal control has evolved from a compliance-oriented mechanism into a strategic instrument for achieving long-term sustainability goals within organizations. The review also reveals that integrating internal control systems with Environmental, Social, and Governance (ESG) strategies, corporate social responsibility (CSR), digital governance, and sustainability accounting systems contributes positively to organizational performance across financial, social, environmental, and governance dimensions. Furthermore, bibliometric mapping demonstrates a significant increase in scholarly attention to this topic, particularly during the 2022–2024 period, reflecting the growing global demand for sustainable business practices and ESG reporting. The study also identifies several research gaps, particularly the limited number of studies conducted in developing countries and the lack of research examining the influence of digital governance, organizational culture, and gender diversity on the effectiveness of internal control systems in sustainability disclosure. Overall, this study provides both theoretical and practical contributions to the development of sustainability governance and highlights future research opportunities in the field of internal control and sustainability disclosure.
Copyright (c) 2026 Almira Yumna Putri, Wirmie Eka Putra, Yuliusman Yuliusman, Fredy Olimsar (Author) https://creativecommons.org/licenses/by-sa/4.0
Activity-Based Costing and Profitability A Hybrid Systematic Literature Review and Bibliometric Analysis
This study employs a systematic literature review integrated with bibliometric analysis to examine the intellectual structure, conceptual evolution, and emerging research trends in the intersection of Activity-Based Costing, profitability, and firm value. Adhering to the PRISMA framework, peer-reviewed articles indexed in the Scopus database, published up to May 2026 and written in English, were systematically identified, screened, and synthesized. Bibliometric techniques facilitated through VOSviewer software were applied to map citation networks, co-authorship patterns, and keyword co-occurrence structures, thereby enabling a thorough examination of the field's thematic development over time. The review demonstrates that academic interest in the relationship between Activity-Based Costing mechanisms, profitability indicators, and firm value has expanded considerably in recent years. Nevertheless, the existing body of literature remains fragmented across diverse methodological approaches and tends to concentrate on specific costing constructs, particularly time-driven frameworks and overhead allocation methods. Prominent contributors, dominant thematic clusters, and notable research gaps are identified, highlighting the necessity for greater theoretical integration, more rigorous causal research designs, and expanded cross-industry comparative analyses. The combination of systematic review and bibliometric mapping establishes a robust analytical foundation, illuminating the trajectory of this research domain and providing clear direction for future empirical and conceptual contributions to cost management and organizational value-creation scholarship.
Copyright (c) 2026 Kharimah Murni, Yuliusman Yuliusman, Wirmi Eka Putra, Fredy Olimsar (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Live Streaming Shopping, Content Quality, and Customer Engagement on Purchase Intention with Consumer Trust as an Intervening Variable on Tiktok Shop Consumers
This study examines the rapid evolution of TikTok Shop in Indonesia, which has transformed into one of the largest social commerce markets in Southeast Asia through the integration of entertainment and e-commerce. The research aims to analyze the impact of live streaming shopping, content quality, and customer engagement on consumer trust and purchase intention. Using a quantitative methodology, data were collected from 125 TikTok Shop consumers in Surabaya and analyzed using Partial Least Square (PLS). The results demonstrate that all seven proposed hypotheses are significantly supported, with live streaming shopping emerging as the most dominant factor in building trust and driving purchase intention due to its transparent, real-time interactive nature. Theoretically, these findings validate the Stimulus-Organism-Response (SOR) and Social Exchange Theory (SET) frameworks in the context of digital social commerce. The study concludes that a synergy between seller credibility, aesthetic information, and active audience participation is crucial for commercial success, suggesting that TikTok Shop prioritize the optimization of live streaming features and authentic content to mitigate perceived transactional risks.
Copyright (c) 2026 Ifani Wahyururiasanti, Lidhiatul Izzah, I Made Suparta, Ida Bagus Cempena (Author) https://creativecommons.org/licenses/by-sa/4.0
Green Human Capital as a Preventive Factor of Climate Anxiety in the Workplace: A Phenomenological Study Among Generation Z Employees
This study investigates the role of Green Human Capital as a preventive factor in reducing climate related psychological vulnerability among Generation Z employees within contemporary workplace environments. The research applies a qualitative phenomenological design to explore how employees interpret environmental uncertainty, sustainability practices, and organizational responsibility through lived workplace experiences. Twelve participants from technology, manufacturing, and service industries were selected using purposive sampling, while data were collected through semi structured in depth interviews and analyzed using phenomenological thematic analysis. The findings reveal that climate related psychological discomfort emerges alongside increasing environmental awareness and perceived organizational responsibility toward sustainability issues. Green Human Capital contributes to emotional adaptation by strengthening environmental understanding, psychological preparedness, resilience, and constructive meaning formation regarding ecological uncertainty. Organizational sustainability culture further reinforces emotional well being through institutional trust, supportive leadership, transparent sustainability communication, and collective environmental engagement. The study demonstrates that sustainability oriented organizational environments function as emotional ecosystems that strengthen employee security, workplace attachment, and psychological resilience. These findings extend Green Human Capital literature by emphasizing its psychological and organizational significance beyond environmental performance and sustainability management.
Green Human Capital, Climate Anxiety, Generation Z Employees, Organizational Sustainability, Psychological Well Being.
Copyright (c) 2026 Randika Shafly Fawwaz, Eva Fachria, Reni Nur Arifah (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Financial Literacy, Financial Inclusion, Hedonistic Lifestyle, and Peer Groups on the Personal Financial Behavior of Management Students at the Faculty of Economics and Business, University of Mataram
This study examines the influence of financial literacy, financial inclusion, hedonistic lifestyle, and peer groups on the personal financial behavior of Management students at the Faculty of Economics and Business, University of Mataram. The research applied a quantitative approach with an associative design involving 170 respondents selected through purposive sampling. Data were collected using structured questionnaires distributed through online platforms and analyzed using Structural Equation Modeling based on Partial Least Squares with SmartPLS 4 software. The findings indicate that financial literacy positively influences personal financial behavior by strengthening financial competence, rational decision making, and financial control. Financial inclusion also demonstrates a positive effect through improved access to formal financial services and digital financial ecosystems. Hedonistic lifestyle negatively affects personal financial behavior because pleasure oriented consumption tendencies encourage impulsive spending and weaken financial discipline. Peer groups exert the strongest positive influence by shaping behavioral adaptation, financial habits, and social norms related to money management. The study confirms that students’ financial behavior is simultaneously influenced by cognitive, social, and behavioral dimensions within contemporary university environments.
Copyright (c) 2026 Sa’adatallayyali Sa’adatallayyali, Burhanudin Burhanudin (Author) https://creativecommons.org/licenses/by-sa/4.0
Green Tax Incentives Boost Industrial Sector Participation in SDGs 7 (Access to Affordable and Clean Energy) by 2030
This study examines the effectiveness of environmentally friendly tax incentives in enhancing industrial participation toward achieving Sustainable Development Goal 7, which emphasizes access to affordable and clean energy by 2030. Using a non-empirical qualitative approach based on systematic literature review and policy analysis, the study synthesizes findings from academic publications, institutional reports, and regulatory documents published between 2022 and 2026. The analysis reveals that green tax incentives, including tax holidays, tax credits, and super deductions, play a significant role in reducing investment barriers and encouraging industrial engagement in renewable energy development. However, structural challenges such as fossil fuel dependency, regulatory inconsistencies, limited institutional capacity, and uneven industrial readiness constrain their effectiveness. The study further identifies that policy integration, technological innovation, and sustainable financing mechanisms are critical in strengthening the impact of fiscal instruments. By developing a comprehensive analytical framework, this research contributes to the literature on sustainability accounting and fiscal policy, offering strategic insights for optimizing green tax incentives in supporting energy transition pathways.
Green Tax Incentives, Industrial Participation, Renewable Energy, SDGs 7, Energy Transition.
Copyright (c) 2026 Miqdamuntaqo Ferdiansa, I. B. Ketut Bayangkara (Author) https://creativecommons.org/licenses/by-sa/4.0
Revitalizing Traditional Colenak Cuisine Through Digital Platform Engagement Among Younger Generations
This study examines the revitalization of colenak as a traditional culinary heritage through the utilization of digital platforms among younger generations. The research addresses the declining interest in traditional food caused by changing consumption patterns shaped by visual culture, digital trends, and contemporary lifestyle preferences. An empirical qualitative approach grounded in interpretive analysis was employed through in depth interviews with colenak business actors, literature review, and digital platform observation. The findings reveal that the decreasing relevance of colenak is associated with limited visual innovation, weak digital promotion, and the transformation of youth consumption behavior emphasizing symbolic and aesthetic experiences. Digital platforms were identified as effective instruments for strengthening consumer engagement through cultural storytelling, interactive communication, and visual branding strategies. Product adaptation through flavor innovation and creative presentation also contributed to improving market acceptance while maintaining culinary authenticity. The study further demonstrates that cultural sustainability depends upon intergenerational participation, educational involvement, and community based preservation efforts. The integration of cultural authenticity, entrepreneurial adaptation, and digital engagement provides an important framework for sustaining traditional culinary heritage within contemporary digital society.
Cultural Sustainability, Digital Platforms, Colenak Revitalization, Traditional Cuisine, Youth Engagement.
Copyright (c) 2026 Aditiya Faturahman, Salwa Anisa, Rasya Putri Falisha, Putra Salman Alfarizi Santoso, Nesa Nesa, Muhammad Akmal, Diana Syahira, Delia Fazriah, Adi Bil Haq, Itto Turyandi (Author) https://creativecommons.org/licenses/by-sa/4.0
Institutional Deadlock and Strategic Execution of Islamic Banking Disputes in Indonesia: A Post-Constitutional Court Decision No. 93/PUU-X/2012 Juridical-Financial Analysis
Constitutional Court Decision No. 93/PUU-X/2012 promotes an epistemological reconstruction of Sharia economic jurisdiction by affirming the absolute jurisdiction of the Religious Courts. However, this integration faces systemic obstacles when it intersects with the acceleration of corporate actions, such as mergers and spin-offs, which leave administrative residues on collateral assets. This study aims to analyze the dissonance between jurisdictional certainty, judicial digitization, and the rigidity of administrative bureaucracy in the execution of collateral following the consolidation of Islamic banking. The method employed is normative legal research using an interdisciplinary approach through Institutional Theory and the Efficiency Structure Hypothesis (ESH). The analysis focuses on the friction between formal rules and informal constraints in handling legacy assets. The results reveal a “Digitalization Paradox,” wherein the efficiency of e-litigation does not align with the effectiveness of physical enforcement. The primary issue lies in the institutional rigidity of agencies such as the National Land Agency (BPN) and the National Property Management Agency (KPKNL) in enforcing assets due to discrepancies in creditor identities. Debtors exploit this gap through third-party objections to delay auctions. Consequently, transaction costs rise, disrupting the efficiency and liquidity stability of Islamic banking. Therefore, regulatory synchronization and strengthened governance are necessary to ensure legal certainty and system efficiency.
Absolute Competence, Efficiency Structure Hypothesis, Institutional Deadlock, Islamic Banking, Legacy Assets.
Copyright (c) 2026 Rachmad Risqy Kurniawan (Author) https://creativecommons.org/licenses/by-sa/4.0
AI personalization in marketing management: Consumer trust and purchase behavior in social commerce
The rapid diffusion of artificial intelligence (AI) in social commerce platforms has fundamentally transformed how brands engage consumers through personalized marketing interventions. Despite growing scholarly interest in AI-driven personalization, the mediating role of consumer trust between AI personalization mechanisms and actual purchase behavior remains insufficiently examined, particularly within the social commerce context of developing economies. This study investigates the effects of AI personalization and perceived personalization on consumer trust and subsequent purchase behavior, with privacy concern as a moderating variable. A quantitative approach using Partial Least Squares Structural Equation Modeling (PLS-SEM) was employed with data collected from 287 active social commerce users in Indonesia. Results reveal that AI personalization and perceived personalization positively and significantly influence consumer trust, which in turn mediates the relationship with purchase behavior. Privacy concern exerts a significant negative effect on consumer trust. These findings extend the Personalization-Privacy Paradox theory to the social commerce context and offer actionable implications for marketers deploying AI-based personalization systems.
AI personalization, consumer trust, privacy concern, purchase behavior, social commerce.
Copyright (c) 2026 El Shaddai Sandhy Pustap (Author) https://creativecommons.org/licenses/by-sa/4.0
Institutional Analysis of Farmers’ Groups in the Management of Clove Farmland in North Toli-Toli District
This study examines the influence of farmer group institutional dimensions on clove agricultural land management in Tolitoli Utara District, Central Sulawesi. Employing a quantitative associative design, data were collected from 50 active clove farmers using purposive sampling, supported by questionnaires, interviews, and field observations. Multiple linear regression analysis was applied to evaluate the effects of organizational structure, member participation, formal and informal rules, and evaluation and supervision on land management practices. The results indicate that organizational structure and member participation have positive and significant effects, reflecting the importance of coordination and active engagement in improving agricultural performance. Conversely, formal and informal rules, as well as evaluation and supervision, exhibit significant negative effects when characterized by rigidity and administrative intensity, suggesting that excessive institutional control may hinder adaptability and reduce farmer initiative. Simultaneously, all variables significantly influence land management, with a high coefficient of determination indicating strong explanatory capacity. The findings highlight the need for adaptive and participatory institutional arrangements to enhance productivity and sustainability in smallholder clove farming systems.
Farmer Institutions, Clove Farming, Land Management, Participation, Governance
Copyright (c) 2026 Putri Anelia, Ratna Candra Sari (Author) https://creativecommons.org/licenses/by-sa/4.0
Balancing Innovation and Risk: Cybersecurity Concerns in Cloud Adoption Among Accountants
The rapid advancement of digital technology has significantly transformed the accounting profession, particularly through the adoption of cloud computing. While cloud accounting offers substantial benefits such as improved efficiency, real-time data access, and cost-effectiveness, it also introduces critical cybersecurity risks that may hinder its adoption. This study aims to examine how accountants balance the benefits of innovation with cybersecurity concerns in adopting cloud-based accounting systems. This research employs a qualitative approach using focus group discussions and in-depth interviews with accounting professionals. The analysis is guided by the cybersecurity risk taxonomy framework, encompassing individual actions, system and technology failures, internal process weaknesses, and external threats. Thematic analysis is applied to identify key patterns and insights related to cloud adoption behavior. The findings reveal that although cloud accounting enhances financial reporting efficiency, accuracy, and timeliness, cybersecurity concerns particularly data breaches, unauthorized access, and system vulnerabilities remain significant barriers to adoption. Additionally, perceived trust and cybersecurity awareness play a crucial mediating role in influencing adoption decisions. Higher levels of trust and security awareness are associated with greater acceptance and effective implementation of cloud accounting systems. This study contributes to the literature by integrating perspectives of cybersecurity risk and trust in understanding cloud accounting adoption. Practically, the findings highlight the importance of strengthening cybersecurity frameworks, enhancing user awareness, and implementing comprehensive risk management strategies to support secure and sustainable adoption of cloud technologies in the accounting profession.
Cloud Accounting, Cybersecurity, Digital Transformation, Financial Reporting Quality, Trust.
Copyright (c) 2026 Iis Solihat (Author) https://creativecommons.org/licenses/by-sa/4.0
Green Innovation and Competitive Advantage: Empirical Evidence from Manufacturing Industries
Green innovation has become a critical strategic mechanism through which manufacturing firms pursue competitive advantage amid increasing environmental and market pressures. This study aims to examine how green innovation contributes to competitive advantage in manufacturing industries by synthesizing empirical evidence from existing scholarly literature. Employing a qualitative, literature-based research approach, the study systematically reviews and analyzes peer-reviewed studies addressing green product innovation, green process innovation, organizational capabilities, and institutional drivers of competitiveness. The findings reveal that green innovation positively influences competitive advantage by enhancing differentiation, efficiency, adaptability, and market legitimacy. Moreover, the sustainability of these competitive gains is strongly shaped by complementary organizational factors such as green human resource practices, intellectual capital, dynamic capabilities, research and development investment, and supply chain integration. The study concludes that green innovation functions as a systemic strategic asset rather than an isolated environmental practice. These results contribute to the theoretical understanding of sustainability-driven competitiveness and offer strategic implications for manufacturing firms seeking long-term competitive resilience
Green Innovation, Competitive Advantage, Manufacturing Industry, Sustainability Strategy, Organizational Capability.
Copyright (c) 2026 Yuneka Saristiana, Fendy Prasetyawan, Anggun Wida Prawira, Ali Anhar Syi’bul Huda (Author) https://creativecommons.org/licenses/by-sa/4.0
Consumer Trust and Purchase Intention in E-Commerce Platforms: The Mediating Role of Perceived Value
The rapid growth of e-commerce platforms has intensified competition and increased the importance of understanding factors that drive consumer purchase intention. This study examines the relationship between consumer trust and purchase intention in e-commerce platforms, emphasizing the mediating role of perceived value. Using a quantitative approach, data were collected from active e-commerce users and analyzed through structural equation modeling to evaluate both direct and indirect relationships among the constructs. The findings reveal that consumer trust significantly influences purchase intention by reducing perceived risk and enhancing confidence in online transactions. More importantly, perceived value serves as a key mediating mechanism that translates trust into favorable evaluative judgments regarding benefits, costs, and overall transaction worth. The results indicate that trust alone is insufficient to fully explain purchase intention without considering consumers’ value perceptions. This study contributes to e-commerce literature by offering an integrated trust–value–purchase intention framework and provides practical insights for platform managers to strengthen trust mechanisms while enhancing value propositions to foster sustainable consumer engagement and purchasing behavior.
Consumer Trust; Perceived Value; Purchase Intention; E-Commerce Platforms; Online Consumer Behavior.
Copyright (c) 2026 Andi Cici Thania, Marito Ritonga, Sugianto Sugianto, Sunusi Dauda, Nabila Tijani Tharifah (Author) https://creativecommons.org/licenses/by-sa/4.0
Sustainable Business Practices and Corporate Financial Performance: A Panel Data Analysis
This study examines the relationship between sustainable business practices and corporate financial performance using panel data from firms across multiple sectors and regions. Sustainability is conceptualized through environmental, social, and governance (ESG) dimensions, while financial performance is measured using accounting-based and market-based indicators. The analysis identifies that firms with higher sustainability performance achieve improved operational efficiency, risk mitigation, capital market access, and long-term strategic resilience. Moderating factors such as governance quality, stakeholder engagement, sectoral characteristics, and institutional frameworks influence the strength and persistence of these effects. Panel regression techniques, including fixed-effects and random-effects models, reveal dynamic and heterogeneous patterns in the sustainability–financial performance relationship, highlighting both immediate and lagged effects. Empirical evidence across global, emerging, and sector-specific contexts underscores that sustainable practices serve as strategic investments rather than cost burdens. The findings provide actionable insights for managers, policymakers, and investors seeking to leverage sustainability initiatives to enhance long-term profitability and firm value while promoting responsible corporate behavior.
Sustainable Business Practices, Corporate Financial Performance, ESG, Panel Data Analysis, Long-Term Strategy.
Copyright (c) 2026 Shinde Suvarna (Author) https://creativecommons.org/licenses/by-sa/4.0
How Digital Transformation Drives Performance in Small and Medium Enterprises: Evidence from Emerging Markets
Digital transformation has become a critical strategic capability for small and medium enterprises (SMEs) operating in emerging markets characterized by uncertainty and intense competition. This study examines how digital transformation drives firm performance by incorporating the mediating roles of innovation capability, digital marketing, knowledge management, and organizational resilience. A quantitative research design was employed using primary data collected from SME owners and senior managers through a structured questionnaire. The data were analyzed using structural equation modeling to assess both direct and indirect relationships among the constructs. The findings reveal that digital transformation has a significant positive effect on firm performance and long-term competitiveness, with innovation, marketing effectiveness, and knowledge management serving as key mediating mechanisms. Moreover, digital transformation enhances resilience and sustainability, enabling SMEs to adapt to environmental disruptions and maintain competitive positioning over time. This study contributes to the literature by providing integrated empirical evidence from emerging markets and offers practical insights for SME managers and policymakers in designing effective digital transformation strategies.
Copyright (c) 2025 Josef Okemba (Author) https://creativecommons.org/licenses/by-sa/4.0