Rumah Jurnal Institut Pesantren KH. Abdul Chalim
Not a member yet
3381 research outputs found
Sort by
The Influence of Halal Label and Brand Image on Purchase Decisions of Local Skincare Products with Price as a Moderating Variable (Case Study on Wardah)
Get PDFThis study aims to analyze the influence of halal labeling and brand image on purchase decisions of local skincare products, with price as a moderating variable. In recent years, the halal cosmetics industry in Indonesia has experienced rapid growth, driven by increasing awareness among Muslim consumers regarding the importance of halal-certified products. Wardah, as a pioneering local halal cosmetic brand, serves as a compelling case study due to its success in combining religious values with modern marketing strategies. This research adopts a quantitative approach using Structural Equation Modeling–Partial Least Squares (SEM-PLS), involving 190 respondents aged 15–45 who have previously used Wardah products. The results reveal that brand image and price significantly influence purchase decisions, whereas halal labeling does not have a direct significant impact. Interestingly, price is found to strengthen the effect of brand image on purchase decisions but weaken the effect of halal labeling. These findings suggest that in the context of modern consumers particularly younger generations perceived value and brand positioning play a more dominant role than religious certification alone. Therefore, companies need to develop a balanced strategy that emphasizes strong brand identity, competitive pricing, and effective communication to reinforce the appeal of halal products in the market
Empirical Study of Environmental, Social & Governance (ESG) on the Stock Returns of Mining Companies With Profitability as an Intervening Variable Listed on the Indonesia Stock Exchange for the Period 2018-2023?
Get PDFThis study aims to examine the influence of ESG on the stock returns of mining companies listed on the Indonesia Stock Exchange, as well as to assess whether profitability (ROA) plays a mediating role in that relationship. This study was conducted using a quantitative approach and employed panel data regression analysis on 16 companies over six years of observation (2018–2023), with a total of 96 observation data points. The model used is the Random Effect Model with heteroscedasticity correction through the EGLS method. The findings indicate that ESG disclosures, whether environmental, social, or governance, do not affect profitability and stock returns. Profitability (ROA) has a positive effect on stock returns, but it does not mediate the impact of ESG on those returns. This indicates that investors in the mining industry still prioritize conventional financial indicators over sustainability information in the investment decision-making process. Therefore, it is important for companies to enhance the relevance and integration of ESG into their business strategies in order to make a tangible contribution to market value. This research also opens up space for the exploration of other moderating factors that may strengthen the relationship between ESG and financial performance
The Effect of Servant Leadership and Loyalty on Employee Performance at Khairu Ummah Syariah Service Cooperative
Get PDFThis study aims to examine the influence of servant leadership on employee performance, with employee loyalty as a mediating variable, at Koperasi Jasa Syariah Khairu Ummah. Based on data analysis and structural model testing, several key findings were identified. First, servant leadership has a positive and significant effect on employee loyalty, indicating that a leadership style prioritizing employee needs, support, and empathy enhances emotional attachment and commitment to the organization. Second, employee loyalty positively and significantly influences employee performance, suggesting that loyal employees are more motivated and likely to perform better. Third, servant leadership does not directly affect employee performance, implying the presence of a mediating variable. Finally, employee loyalty is proven to mediate the relationship between servant leadership and employee performance, meaning that effective implementation of servant leadership increases loyalty, which in turn improves performance. Overall, the findings emphasize the crucial role of servant leadership in fostering employee loyalty as a foundation for enhancing performance, especially in value-based, sharia-oriented organizations
DEVELOPMENT OF THE PENTUPLE BOTTOM LINE MODEL IN MODERATING THE EFFECT OF FINANCIAL LITERACY AND FINANCIAL INCLUSION ON MSME BUSINESS SUSTAINABILITY
Get PDFThis study employs a Systematic Literature Review (SLR) approach to explore and synthesize prior research regarding the impact of financial literacy and financial inclusion on the business aspirations of Micro, Small, and Medium Enterprises (MSMEs). It also examines the potential implementation of the Pentuple Bottom Line concept as a comprehensive moderation framework. The SLR process involved analyzing scholarly articles published between 2013 and 2024 across databases such as Scopus, Google Scholar, and ScienceDirect using relevant keywords. The findings indicate that both financial literacy and financial inclusion consistently exert a positive influence on MSME aspirations, particularly in the economic and social domains. Nonetheless, there is a noticeable gap in research that incorporates the environmental, social, and spiritual dimensions encapsulated in the Pentuple Bottom Line model. As a result, the adoption of this framework is suggested to reinforce MSME sustainability strategies. This study provides a conceptual contribution by introducing a novel perspective for research and practice in value-driven sustainable business development
The Mediating Role of Work Satisfaction in the Effect of Ethical Leadership on Employee Performance
Get PDFThrough the utilisation of job satisfaction as a moderating factor for PT "X" Employess, this research endeavours to investigate and assess the ways in which ethical leadership influences worker performance. This particular study utilised a quantitative research design as its methodology. A total of 112 respondents, which represents the entire population, were included in the sample for the study. The technique for collecting data included the distribution of questionnaires to each individual who participated in the survey. The next step was to conduct testing in order to determine the direct and indirect effects that the research elements had. The findings of the study suggest that ethical leadership does not have a substantial impact on the degree to which employees accomplish their jobs. Taking into account the level of job satisfaction experienced by employees, it was shown that ethical leadership had an effect on performance in just 26.9% of instances. There was only a 26.9% correlation between ethical leadership and employee performance, which was measured by work satisfaction. The remaining percentage of employee performance was explained by criteria that were not included in the study. The findings of the study also indicate that ethical leadership may not directly influence employee performance at PT "X" on its own. It is instead the job satisfaction that emerges as a mediating variable, which helps to mitigate the impact that ethical leadership has on personnel
The Effect of ESG on Capital Structure and Liquidity with Company Size as a Moderating Variable in Energy Companies in Indonesia from 2021 to 2024
Get PDFThe implementation of Environmental, Social, and Governance (ESG) is increasingly becoming a critical concern for energy companies in Indonesia due to demands for sustainability and social legitimacy from various stakeholders. ESG implementation is expected to impact a company's capital structure and liquidity, given the need for external funding to support costly sustainability programs. Furthermore, company size has the potential to moderate the relationship between ESG and capital structure and liquidity, as large companies have higher funding capacity and public exposure than smaller companies. This study employed quantitative methods with secondary data in the form of annual reports of energy companies downloaded from the official website of the Indonesia Stock Exchange. Based on established criteria, 18 energy companies were selected as research samples. The collected data were then analyzed using the classical assumption test, Moderated Regression Analysis (MRA), coefficient of determination (R²), simultaneous significance test (F test), and partial significance test (t test) to determine the influence of independent, moderating, and dependent variables. The results showed that ESG has a positive effect on DER and cash ratio, where its implementation encourages companies to utilize external debt for sustainability activities while strengthening social legitimacy and creditor trust. Firm size has been shown to moderate this relationship, as larger firms have greater funding capacity and exposure, enabling them to manage leverage and liquidity more optimally. This finding is consistent with agency, stakeholder, and legitimacy theories, which emphasize the importance of transparency, accountability, and stakeholder relationships in supporting a company's financial performance
Literature Review on Turnover Intention and Employee Characteristics in Startup Companies
Get PDFTurnover intention refers to an employee's tendency or desire to quit or change jobs voluntarily without coercion. Many startups struggle to retain employees long-term, primarily due to the often demanding nature of their work, the uncertainty surrounding the company's direction, and a lack of career clarity. This study employed a systematic literature review, an approach to identifying, reviewing, interpreting, and evaluating all relevant research on the topic under study. This involves defining appropriate research questions and systematically reviewing and identifying journals based on predetermined steps. The results indicate that companies need an integrated approach to addressing turnover intention, particularly among millennial employees. Identifying factors such as compensation, incivility, work quality, mental health, and reward systems, as well as how employee characteristics influence responses to these factors, is an important initial step. It can be concluded that several factors significantly influence employee turnover intention, including workplace incivility, compensation, quality of work life, mental health, and the company's reward system. Each of these factors is interrelated and can strengthen or weaken an employee's desire to remain with the company
Exports, Imports, and Indonesia's Post-Pandemic Economic Growth: An Analysis from an Islamic Economic Perspective
Get PDFThe background of this research stems from the sharp contraction of the Indonesian economy in 2020 due to the COVID-19 pandemic, which caused a -2.07% decline in GDP and weakened the international trade sector. However, a gradual recovery has occurred since 2021, with economic growth stabilizing at around 5% in 2022–2024. The objectives of this research are to analyze the role of exports and imports in Indonesia's economic growth, examine the relationship between investment and infrastructure with international trade, and examine their relevance to the principles of maqasid sharia. The method used is library research with a literature review approach and descriptive-comparative analysis. Data were obtained from national and international journals for the 2020–2024 period and official reports from the Central Statistics Agency. The results show that exports have a positive and significant impact on economic growth, while imports have a dual role: in the short term they can weaken the trade balance, but in the long term they actually support industrial development through imports of capital goods and raw materials. Furthermore, investment and infrastructure development have been shown to strengthen the competitiveness of Indonesian products in the global market by increasing productivity and logistics efficiency. From an Islamic perspective, international trade, including exports and imports, is permissible (mubah) as long as it does not involve prohibited goods, usury (riba), or gharar (non-violable goods). These trade activities should be directed towards safeguarding wealth (hifdzul maal), strengthening economic independence (istiqlaliyah), and improving the welfare of the community. The decline in Indonesia's trade surplus in 2024 serves as an important warning of economic vulnerability due to dependence on consumer goods imports and the dominance of primary commodity exports. This study emphasizes the need for diversification of value-added exports, strengthening import substitution industries, and implementing Sharia-based trade principles to ensure Indonesia's economic growth is more sustainable, independent, and equitable
Dinamika Sejarah Pembukuan dan Pembakuan Al-Quran: Studi Pendekatan Fenomenologis
Get PDFThe compilation and standardization of the Qur’an represent a crucial historical process in the development of Islamic civilization. This study examines the dynamics of this process through qualitative literature research and a historical phenomenological approach, focusing on the collective experience of Muslims in codifying revelation as an authentic text and its contribution to the treasury of Qur’anic scholarship. The phenomenological perspective enables researchers to grasp the deeper meaning of this process, not only in its chronological sequence but also in its historical and spiritual dimensions within Muslim society. This study traces the stages of compilation, beginning in the time of the Prophet Muhammad, continuing under Caliph Abu Bakr, and culminating in the final standardization during the era of Caliph ʿUthmān ibn ʿAffān. The findings demonstrate that the codification of the Qur’an was not merely an administrative or managerial endeavor, but rather a reflection of the Muslim community’s need to preserve the ongoing authenticity of the revealed text. Just as the Qur’an itself recounts stories from times long before the Prophet Muhammad, this paper seeks to contribute to the study of Islamic history, Qur’anic studies, and the phenomenological methodology in Islamic scholarship.Pembukuan dan pembakuan Al-Qur’an merupakan proses historis yang sangat penting dalam sejarah peradaban Islam. Penelitian ini bertujuan untuk mengkaji dinamika pembukuan dan pembakuan Al-Qur’an dengan metode studi pustaka kualitatif dan pendekatan fenomenologi sejarah, dengan fokus pada pengalaman kolektif umat Islam dalam mengkodifikasi wahyu sebagai teks yang otentik dan menyumbang khasanah keilmuan Al-Qur’an. Dengan pendekatan Fenomenologi membantu peneliti untuk memahami makna substansial dari proses tersebut, tidak hanya pada kronologis, akan tetapi dalam dimensi historis dan spiritual masyarakat Muslim. Penelusuran pada fase-fase pembukuan, mulai dari masa Nabi Muhammad SAW, masa Khalifah Abu Bakar, hingga pembakuan final di era Khalifah Utsman bin Affan dalam kajian ini, memberikan hasil bahwa proses kodifikasi Al-Qur’an tidak semata tindakan administratif manajemen belaka, melainkan refleksi atas kebutuhan umat muslim terhadap kesinambungan otentisitas teks wahyu. Seperti kandungan isi dalam Al-Qur’an itu sendiri yang bisa merinci kisah masa lalu yang waktunya sangat jauh dari masa Nabi Muhammad. Tulisan ini berharap bisa memberikan kontribusi pada kajian sejarah Islam, studi Al-Qur’an, dan metodologi fenomenologi ilmu keislaman
The Role of Green Banking on the Environment and Economic Growth in Comparison with Conventional and Islamic Banks
Get PDFThis research investigates the role of Green Banking in supporting the environment and economic growth by comparing it with Conventional Banks and Islamic Banks. This study identifies Green Banking practices, including sustainable projects, carbon emission reduction, and green technology, through a qualitative research method with a literature review approach. The comparison focused on Conventional Banks' freedom in choosing investment projects and the integration of sustainability principles in Islamic Banks. The results show that the implementation of Green Banking has not been optimized, especially in the context of Islamic banking. An evaluation of the impact and effectiveness of Green Banking on the environment and economic growth was conducted through in-depth comparative analysis. It was found that Green Banking protects the environment and positively impacts economic growth by creating jobs and increasing industrial competitiveness. The important role of Green Banking in the national context includes risk management, contribution to sustainable development goals, and increased competitiveness in the global market. Therefore, this research provides an in-depth insight into sustainable banking practices and highlights the necessary challenges and opportunities