Jurnal Ekonomi Bisnis dan Kewirausahaan
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UNLOCKING BUSINESS GROWTH IN EAST JAVA'S SMES: THE SYNERGY OF KNOWLEDGE MANAGEMENT AND DYNAMIC CAPABILITIES FUELING INNOVATION AMBIDEXTERITY
Get PDFThis research seeks to delve into the role of Knowledge Management Capability (KMC), Dynamic Capability (DC), and Ambidexterity Innovation (IA) in fostering Business Performance (BP) amongst Micro, Small, and Medium Enterprises (MSMEs) in the province of East Java. A quantitative approach was employed for this study, distributing questionnaires to various SMEs in East Java. Employing a non-probability sampling technique, 96 SMEs in East Java were selected as respondents based on Cochran's formula. The data were analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate the interrelations among the constructs. This study provides a deeper understanding of how Knowledge Management Capability and Dynamic Capability contribute to Ambidexterity Innovation. The findings also suggest how Ambidexterity Innovation potentially boosts the Business Performance of SMEs in East Java. This research is distinguished by its emphasis on the interplay of Knowledge Management Capability and Dynamic Capability in influencing Innovation Ambidexterity within the context of East Java's SMEs.JEL: J24; O15; O32
THE ROLE OF CULINARY TOURISM NOSTALGIA ON THE TOURIST SATISFACTION MODEL: THE STIMULUS-ORGANISM-RESPONSE APPROACH
Get PDFTourist satisfaction and tourism destinations create a value for tourists. The value of specific tourism destinations leads to individual emotional attachments, which are a manifestation of a sense of nostalgia. This study aims to investigate the role of nostalgia on the tourist satisfaction at culinary tourism destinations. Food quality, destination environment, and services all contribute to the nostalgia. The data was collected through LimeSurvey from a total of 300 respondents from Central Java and Yogyakarta and was analyzed using PLS-SEM. The results show that the food quality, destination environment, and services positively affect the nostalgia. Further, the nostalgia also has a strong significant influence on the tourist satisfaction. These findings imply that managers of culinary tourism must be able to provide positive values (impressions) to the tourists by offering unique service, quality, or destination environment compared to other destinations. It is expected that the tourists have a positive memorability which simultaneously create a revisit intention, which is in line with the tourists satisfaction.JEL:D91, D90, Z32.
IMPACT OF SECTORAL GROWTH ON EMPLOYMENT ABSORPTION: EVIDENCE FROM KEY INDONESIAN INDUSTRIES
Get PDFThis study aims to analyse the impact of growth in key industrial sectors on labor absorption in Indonesia, using time series data from 2011Q1 to 2023Q4 and employing the Autoregressive Distributed Lag (ARDL) model. This method captures the long-term and short-term relationships between industrial growth and labor absorption. The findings reveal that, in the long term, the oil and gas processing industry, non-oil and gas manufacturing, trade, and finance sectors significantly influence labor absorption. In contrast, the agriculture and mining sectors do not show a significant long-term effect. However, in the short term, all variables display varying impacts. Interestingly, the agriculture and mining sectors exhibit significant short-term effects despite their lack of long-term influence. This study contributes to the unemployment literature and suggests that the Indonesian government should focus on industrialisation to reduce unemployment. Industrialisation can stimulate job creation and support sustainable economic growth. These findings highlight the need for well-targeted policy strategies to optimise the industrial sector's role in reducing unemployment and enhancing economic stability.JEL: B22, E24, L60
THE MARKET VALUE OF NON-FAMILY FIRMS: A STUDY ON OWNERSHIP CONCENTRATION, FINANCIAL POLICY, AND PROFITABILITY
Get PDFThis study investigates the market valuation effect of ownership concentration, financial policy, and profitability in a sample of 109 non-family from 2012 to 2019. We used balance panel data to investigate the market values and possible effects of the variables identified using the General Method of Moment (GMM) estimator. The market value is dynamic, which means that last year's market value significantly affects the current market value. Even though the majority shareholder is not a family member, the ownership concentration still has a significant negative effect on the market value. The financial decision shows that leverage has a positive and significant effect. At the same time, investment and dividend policy seems to have a negative effect on market value, although the investment is insignificant. Lastly, profitability has positive and significant effects on market value. This study contributes to non-family firm literature and provides new empirical findings and policy implications for regulators to enhance the market value. JEL: G11, G30, G32
ENVIRONMENTAL CONCERN: DOES IT DRIVE GREEN PURCHASE INTENTION OF SUSTAINABLE PACKAGING?
Get PDFThe growing importance of environmental concern as a critical issue has recently increased. Lower environmental damage raises consumer awareness of the importance of environmental preservation. Environmental concern triggers consumers’ interest in purchasing products with sustainable packaging. This study aims to examine factors driving the green purchase intention of sustainable packaging. The Theory of Planned Behavior (TPB) was utilized to identify the green purchase intention with six antecedents: subjective norm, price consciousness, perceived consumer effectiveness, perceived social media marketing, environmental concern, and perceived behavioral control. The data was analyzed using Structural Equation Modeling (SEM). The results revealed that the perceived social media marketing activities are the most influential driver of the green purchase intention, followed by the perceived behavioral control. Further, this study found that the environmental concern stimulates the perceived consumer effectiveness. This research contributes to marketers, companies, and the government to target appropriate marketing activities and engage potential consumers in purchasing the products with sustainable packaging.JEL: M31, Q56
DETERMINANTS AND CONSEQUENCES OF WORK-LIFE BALANCE
Get PDFThe work-life balance has become an important issue in the fast-paced and demanding work environment today. This study aims to analyze the determinants and consequences of work-life balance by examining the influence of working hours and job burnout on employee well-being, with the work-life balance as a mediating variable. It involved 100 active employees from the Local Government-Owned Water Utility of Pontianak City, chosen through a purposive sampling method. The data was collected using a questionnaire and analyzed using Structural Equation Modeling – Partial Least Square (SEM - PLS). The results reveal that the job burnout has a significant effect on both the work-life balance and employee well-being. However, the working hours does not have a significant effect on both the work-life balance and employee well-being. Additionally, the work-life balance has a significant effect on the employee well-being. Furthermore, this study confirms that the work-life balance is able to mediate the effect of job burnout on the employee well-being, but it is not able to mediate the effect of working hours on the employee well-being. These results provide managers and HR practitioners with insights into how to improve the employee well-being through effective working hours plans, job burnout reduction, and work-life balance programs.JEL: I31, I39
NAVIGATING THE INNOVATION LANDSCAPE: THE CRUCIAL ROLE OF TECHNOLOGY AND ENTREPRENEURIAL ORIENTATION
Get PDFThis study examines the impact of technology orientation on entrepreneurial orientation and its consequent effect on the innovation performance of Indonesian startups. In this study, 156 local startups were examined using the structural equation model (SEM). The results demonstrate a significant and positive relationship between innovation performance and both entrepreneurial and technology orientation. Notably, the technology orientation has a positive effect on the entrepreneurial orientation, which partially mediates the indirect relationship between the technology orientation and innovation performance. This study's integrated framework concept to enhance the innovation performance of startups in emerging economies is unprecedented. The findings also urge businesses to adopt proactive, inventive, and risk-taking practices to keep up with the rapid pace of technological advancements. Certain limitations of this study must be acknowledged, including the subjective evaluation of constructs by senior management and the deliberate selection of the sample. To advance this topic further, it is suggested that future research include objective data gathered through assessments by various stakeholders and investigate case studies of designated businesses.JEL: L25, l26, O32
LINKAGES BETWEEN BANK COMPETITION AND FINANCIAL STABILITY: A COMPARATIVE STUDY OF SHARIA VS CONVENTIONAL BANKING IN INDONESIA
Get PDFBanking is one of the most important sectors supporting a country’s economy. In Indonesia, the development of banking has undergone significant changes, as evidenced by the shift from the conventional system to the dual banking and Sharia systems. The large number of commercial banks and bank offices suggests high competition in Indonesia. Consequently, banks must reduce costs and streamline their operational activities to remain competitive. This study aims to analyze the relationship between bank competition and financial stability in Indonesia for both conventional and Islamic banks, using the generalized method of moments. The results show a positive relationship between the level of banking industry competition and banking stability, indicating that an increase in bank competition will result in greater stability. These findings suggest that Islamic banking has the potential to expand its market share by improving its soundness and retaining customer loyalty. In addition, banking authorities should reevaluate their performance and regulations.JEL: G21, G32, L10
IMPROVING EMPLOYEE JOB SATISFACTION: DO TRANSFORMATIONAL LEADERSHIP AND ORGANIZATIONAL CULTURE MATTER?
Get PDFThis study aims to validate the determinants of employee job satisfaction in the hospitality industry. A quantitative approach with a questionnaire was used as a data collection tool that was distributed to 240 five-star hotel employees. The data were analyzed using SmartPLS 3.2.9. The findings prove that transformational leadership does not affect employee job satisfaction but positively influences organizational culture. Meanwhile, organizational culture fully mediates the relationship between transformational leadership and employee job satisfaction. This study has several limitations, namely, the bias of using self-assessment reports and the limited number of samples in the hotel industry in Bali. The practical implication is that leaders' success in building an organizational culture can be vital to increasing satisfaction. Thus, managers can better understand the relationship between variables and how the role of mediation is shown. In addition, it can provide more in-depth information as a reference for policy-making. Theoretically, this study contributes to the knowledge base in which the existing organizational culture significantly determines employee job satisfaction.JEL: A13, D23, D91
THE EFFECT OF MARKET ORIENTATION AND ENTREPRENEURIAL MARKETING ON MARKET PERFORMANCE AND BUSINESS SUSTAINABILITY OF BAG CRAFT MSMES
Get PDFThis study aims to investigate the effect of market orientation and entrepreneurial marketing on market performance, as well as the effect of entrepreneurial marketing and market performance on business sustainability of bag craft micro, small, and medium enterprises (MSMEs). This study was conducted using a descriptive-quantitative method, with eighty bag craft entrepreneurs serving as research participants. Questionnaires were used to collect data from the research participants over a period of thirty days. The data was analyzed using descriptive analysis and the structural equation modeling-partial least square (SEM-PLS). The results show that the market orientation and entrepreneurial marketing have a significant effect on the market performance, and so does the market performance on the business sustainability. However, the entrepreneurial marketing has no significant effect on the business sustainability. These findings imply that both market orientation and entrepreneurial marketing are essential determinants of the market orientation. Thus, the bag craft entrepreneurs must address these issues.JEL: M30, M31