Integrated Journal of Business and Economics (IJBE)
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232 research outputs found
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Empowering Business Resilience: The Impact of Inclusive Leadership and Organizational Adaptability through Open Innovation
Full text linkThis study examines the effects of inclusive leadership and organizational adaptation on business resilience in Makassar City's hotel business using through the perspective of open innovation. This study applies a quantitative approach, examining data from 96 hotel managers adopting the Partial Least Squares-Structural Equation Modeling (PLS-SEM). The findings of the study show that open innovation has a impact on business resilience, while the direct effect of inclusive leadership and organizational adaptability on business resilience is not significant. However, through open innovation, both show significant useful effect. This study underlines the importance of external collaboration, technology adoption, and innovation implementation in increasing business resilience. These results are relevant for the business approach in the era of disruption, especially in the context of the hospitality industry in Indonesia. This study shows that open innovation, such as collaborating with outside partners, adopting new technology, and encouraging fresh ideas, is key to helping hotels in Makassar become more resilient in times of disruption. While inclusive leadership and adaptability alone do not directly improve resilience, they do have a strong positive effect when combined with open innovation. This means hotel managers should focus on creating a culture that supports teamwork, openness, and learning from others outside the organization. For policymakers, the findings suggest the need to support innovation networks and provide training or resources that help hotels connect with external experts and stay competitive. This approach is especially important in the fast-changing hospitality industry in Indonesi
Volatility Forecasting Using GARCH Versus EGARCH Models for Cryptocurrencies, Indonesian Stocks, and U.S. Stocks
Full text linkThis study examines and compares the effectiveness of GARCH (Generalized Autoregressive Conditional Heteroskedasticity) and EGARCH (Exponential GARCH) models in forecasting volatility across three distinct financial markets: cryptocurrencies, Indonesian stocks, and U.S. stocks. The research analyzes daily closing price data from April 2018 to September 2024, focusing on five major cryptocurrencies (Bitcoin, Ethereum, Tether, Binance Coin, and Ripple), five Indonesian blue-chip stocks (BBCA, BBRI, BYAN, BMRI, and TPIA), and five major U.S. stocks (Apple, Nvidia, Microsoft, Google, and Amazon). Using comparative analysis of ARCH(1), GARCH(1,1), and EGARCH(1,1,1) models, the study evaluates their predictive accuracy through multiple metrics including AIC, MAE, RMSE, and SMAPE. Results indicate that EGARCH(1,1,1) generally performs better for cryptocurrencies and U.S. stocks, while GARCH(1,1) shows superior performance for Indonesian stocks, suggesting that volatility patterns and optimal forecasting models vary across different market contexts
Reinforcing Green Consumption Intentions: Attitudes as a Mediator and the Role of Environmental Concerns, Lifestyles, Social Media, and Subjective Norms
Full text linkThis study explores the determinants of green consumption intention, with attitude acting as a mediating variable. The examined characteristics include subjective norms, environmental concerns, healthy lifestyles, and social media engagement. We employed a quantitative methodology, collecting data from 396 participants via Google Forms and utilizing SEM-PLS for analysis. The results demonstrate that attitude functions as a vital mediating element in the association between the four elements and the inclination towards green consumption. Without attitude serving as a mediator, subjective norms, healthy lifestyles, and environmental concerns do not significantly impact green consumption intentions. These conclusions highlight the significant influence of mindset on the development of green consumer behavior. The study's recommendations, particularly the suggestion to incorporate factors such as the urge to spend for environmentally friendly products in future research, have the potential to inspire further exploration of the topic. The findings provide vital guidance, enabling governments and organizations to develop more effective policies that promote sustainable and environmentally responsible consumption
Stock Underpricing Phenomenon and Influencing Factors
Full text linkThe excessive discrepancy between the main market's both the secondary market's share price and share price is known as underpricing. This research seeks to ascertain how debt affects covenant, business size, and industry type on the undervaluation of stocks of businesses that are listed on the Indonesia Stock Exchange. The author employs a quantitative research approach and an associative technique. The data was collected using the documentation approach. The study object consists of companies that list from 2019 to 2022 on the Indonesian Stock Exchange. The sample strategy employed was non-probability purposive sampling. In all, 190 companies met the sample's standards. According to the investigation's findings, the kind of industry has a positive impact on stock underpricing. However, for businesses that conduct IPOs on the Indonesian Stock Exchange, it seems that stock underpricing is unaffected by the company's size or debt-to-equity ratio. This finding emphasizes the importance of considering investment decision-making strategies based on a deep understanding of industry factors rather than relying solely on firm size or financial structure
Building Green Trust Through Brand Image: A Study on Dietinfood Consumers from Millennial and Gen Z Segments
Full text linkThis study aims to analyze the influence of green marketing elements, which include green product, green price, green place, and green promotion, on green trust through green brand image among healthy food consumers from the Generation Millennial and Generation Z cohorts. The sample of this study consisted of 210 Dietinfood customers in Purwakarta who fall into the the Generation Millennial and Generation Z categories. This research employed a quantitative approach using primary data collected through questionnaire distribution. The data were analyzed using the Structural Equation Modeling-Partial Least Square (SEM-PLS) method. The results indicate that green product, green price, green place, and green promotion significantly influence green brand image. However, only green product, green promotion, and green brand image have a direct effect on green trust. Moreover, green brand image is proven to mediate the influence of green product, green price, and green place on green trust among healthy food consumers from the Millennial and Gen Z groups. The implications of this study suggest that Dietinfood is perceived positively by consumers in terms of its commitment to sustainability. Therefore, the company should consistently maintain and enhance its environmentally friendly marketing practices in order to strengthen consumer trust and brand competitiveness in the growing healthy food market
Ultimatum Games, Easy Money is Generosity? A Violation of Rational Homo Economicus
Full text linkThis study investigates fairness behaviour in the Ultimatum Game by examining proposer-to-responder offer ratios in same-gender dyads within the Indonesian cultural context. One hundred twelve undergraduate students (56 pairs) participated in a one-shot game involving a Rp 10,000 endowment. The research aims to determine whether same-gender pairs, specifically male–male and female–female, deviate from classical rationality models and align with normative fairness expectations. Female proposers offered higher and more consistent amounts than male proposers. The Wilcoxon Signed-Rank Test showed that offers did not significantly differ from an equal-split benchmark (50%) but were significantly higher than the commonly reported 40% average. Although the Mann–Whitney U test did not reach conventional significance (p = 0.053), a marginal trend suggested greater fairness in female–female pairs. These findings indicate that fairness decisions are shaped by gender dynamics and cultural norms emphasising social harmony and equality. The study contributes to behavioural economics by highlighting the role of gender and context in shaping deviations from self-interested behaviour. Limitations include social familiarity between participants and the use of externally provided money. Future research should explore stranger pairings and link proposer resources to personal or charitable outcomes to further test fairness motivations
Implementing Sustainable HR Practices: A New Paradigm in Building Organizational Capacity to Address the Climate Crisis
Full text linkThis study examines the implementation of sustainable Human Resource (HR) practices and their impact on organizational capacity to address climate crises in private universities in Bandung City. The research background highlights the importance of integrating sustainability principles into HR policies to strengthen organizational resilience against global environmental challenges. This study aims to analyze the influence of sustainable HR practices on organizational culture, managerial support, and climate resilience within higher education institutions. A quantitative research method was employed, utilizing the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach to examine the relationships among key variables. The study involved a population of 882 individuals from 138 private universities in Bandung, with a representative sample of 270 participants determined using Slovin’s formula with a 5% margin of error and selected through stratified random sampling. The sample was proportionally distributed across university management (rectors, vice rectors, and department heads), lecturers, and administrative staff to ensure comprehensive representation of the population. The results indicate that sustainable HR practices significantly influence organizational culture and managerial support, which subsequently enhance organizational resilience to climate crises. The study concludes that integrating sustainable HR practices into the policies of private universities can improve institutional capacity to address climate change. Practical implications include the development of holistic sustainability policies and increased managerial engagement to effectively support sustainability implementation
Digital Literacy, Culture, and Engagement as Catalysts of SME Performance: Evidence from West Java
Full text linkSmall and Medium Enterprises (SMEs) in West Java have lots of challenges in the digital era, and requirement of change which is most important to survive in new competitive environment. This research focuses on the identification of factors that affect the Business Performance of SMEs in the region. Applying Partial Least Squares analysis, this research investigates the research gap around Digital Literacy, Engagement in Digital Initiatives, Internal Digital Culture, Government Support Policies, and Market Competitiveness. An exploration of the relationship between the variables of Digital literacy, Digital engagement, and digital culture and their effect on SMEs business performance show that research tests point to significant effects of the three variables on at least one dimension of Business performance. Nonetheless, Government Support Policies and Market Competitiveness appear to be less relevant but they still have places. There is evidence where governments have provided chances to SMEs, though not optimal. In this sporting goods industry, market forces justified the business need for adaptation in today’s market. This research provides valuable recommendations to policy makers and practitioners. When digital challenges are understood as unavoidable obstacles and approached as a set of priorities, getting to know internal digital cultures, economies, and financing opportunities in the context of West Java SMEs, it will be possible to outline general strategies for the successful development of firms in the discussed region.
Drivers of E-Commerce Success in Java Island: Implications for Indonesia's Digital Economy
Full text linkE-commerce in Indonesia, particularly on Java Island, has shown rapid development, contributing significantly to national digital transactions. This study aims to analyze the factors influencing the growth of e-commerce on Java Island during the 2015–2023 period. The research employs a panel data regression model, examining variables such as communication expenditure, population size, the number of BTS towers, mobile phone ownership, and the number of e-commerce actors. The key findings reveal that communication expenditure, mobile phone ownership, and the number of e-commerce actors significantly influence digital transactions. These findings underscore the importance of enhancing digital infrastructure, improving internet access, and empowering digital MSMEs to support the growth of e-commerce in Indonesia. Promoting e-commerce growth by improving internet infrastructure in areas with poor connectivity is a crucial first step the government can take to enhance internet access equity across Java Island
The Effect Of Asset And Liability Management On Stability And Profitability In Islamic Banks
Full text linkThis study examines the relationship between Asset Liability Management (ALM) and the stability and profitability of Islamic banks. The research aims to evaluate the impact of ALM while identifying challenges and opportunities within Islamic banking. ALM is represented by Non-Performing Financing (NPF) and Financing to Deposit Ratio (FDR), while stability and profitability are assessed through Capital Adequacy Ratio (CAR) and Return on Assets (ROA), respectively. Employing a quantitative approach, this research uses time-series data from 2013–2022, analysed through multiple linear regression with E-views software. Results indicate that NPF and FDR significantly negatively impact CAR, while NPF negatively and significantly affects ROA. Conversely, FDR shows a positive but insignificant effect on ROA. These findings highlight the critical role of efficient asset and liability management in maintaining financial stability and enhancing profitability. Islamic banks can leverage these insights to improve credit risk management and liquidity strategies. Policymakers are encouraged to refine regulations that support sustainable and Sharia-compliant banking practices.