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Industry 4.0 and Business Policy Development: Strategic Imperatives for SME Performance
No full textIndustry 4.0 presents companies with new prospects to renovate industrial manufacturing processes and increase value creation, has promised several optimizing strategies for improved business performance. The purpose of this research is to examine the relationship between innovation capability and employee capability on organizational performance among Small and Medium Scale industries entrepreneurs. Following a positivist research philosophy with a quantitative, cross-sectional descriptive study design, the study addressed three direct and two indirect relationships in the model. The research followed the expectation Resource-Based View Theory to test the theoretical model. Following stratified random sampling, this research using 384 SME entrepreneurs from the Selangor state of Malaysia. The study applied Smart PLS-SEM to analyze the data. The results show that SME firms\u27 innovation capability and employee capability positively correlate with business performance. The study also shows the partial mediation effect of technology change on innovation capability and business performance and employee capability and business performance. Research extends practical and theoretical implications to the stakeholders of SMEs and businesses.JEL Classification: L25, L26, L29How to Cite:Govindarajo, N. S., Kumar M, D., Shaikh, E., Kumar, M., & Kumar, P. (2021). Industry 4.0 and Business Policy Development: Strategic Imperatives for SME Performance. Etikonomi, 20(2), 213 – xx. https://doi.org/10.15408/etk.v20i2.20143
The Heterogeneous Effects of COVID-19 Outbreak on Stock Market Returns and Volatility: Evidence from Panel Quantile Regression Model
No full textThe purpose of this study is to probe the impact of the novel coronavirus (COVID-19) outbreak on stock market returns and volatility in developed markets. We employ a panel quantile regression model to capture unobserved individual heterogeneity and distributional heterogeneity. The study\u27s findings reveal that there is a heterogeneous impact of COVID-19 on stock market returns and volatility. More specifically, there is a negative impact of COVID-19 on stock returns in the bearish stock market; however, there is an insignificant impact of COVID-19 on stock returns in the bullish stock market. Furthermore, COVID-19 has a positive impact on stock market volatility across all quantiles.JEL Classification: G24, G30, O16How to Cite:Khalid, N., Zafar, R. F., Syed, Q. R., Bhowmik, R., & Jamil, M. (2021). The Heterogeneous Effects of COVID-19 Outbreak on Stock Market Returns and Volatility: Evidence from Panel Quantile Regression Model. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.20587
Smart-Specialization of the Agro-Industrial Complex in the Context of Digital Transformation of Regional Economic Systems
No full textThis article presents a domestic and foreign experience of "smart specialization" in agriculture in the digital economy. The method of calculating the indicators of digital maturity of the agro-industrial complex is considered. The forecast of indicators value of the agro-industrial digital maturity is presented until 2030. The article proposes a mechanism for adapting the smart specialization in agriculture. We consider it appropriate to introduce an online digital platform in agriculture, which allows creating conditions for interaction between sellers and buyers of regional agricultural machinery and related products. Based on the presented mechanism of adaptation of "smart specialization "in the field of agro-industrial complex, it should be noted that" smart specialization" is aimed at using the links that arise between the regions of economic activity. The priority areas of activity of the agro-industrial complex are presented.JEL Classification: L52, Q16, R11How to Cite:Kulik, A. M., Lavrinenko, E. A., Lyshchikova, J. V., & Strybkova, E. A. (2021). Smart-Specialization of the Agro-Industrial Complex of Digital Transformation of Regional Economic System. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22015
Role of the ICT in Women Empowerment and Achieving SDGs: A Case Study of Women Labor Force in Developing Countries
No full textThe aim of the study is to analyze the ways women are empowered through information and communication technology (ICT) and fostering the process of achieving the Sustainable Development Goals (SDGs). Women in developing countries are facing economic and social hardships and have limited access to ICT, which in turn translate into their lack of skills, lower literacy rate and restricted social engagement. Therefore, present study explores the role of ICT on women empowerment in 51 developing countries by conducting panel data modeling over the period of 2000-17. The study finds that ICT has significant and positive contribution on female labor force participation rate by Generalized Method of Moment (GMM). Control variables like GDP growth and government expenditure on education have positive and statistically significant role to enhance women empowerment. Findings of the study imply that the ICT has an impact on women empowerment and which helps in fostering the process of achieving SDGs 2030
Do Good Corporate Governance and Financing Risk Management Matter for Islamic Banks’ Performance in Indonesia?
No full textThe purpose of this study is to examine and analyze the influence of the implementation of Good Corporate Governance principles and financing risk management on the Islamic banks\u27 performance in Indonesia over the 2010-2019 period. 11 full-pledge Islamic Banks (BUS) was selected as the study sample using the purposive sampling technique and analyzed using the panel multiple regression techniques. The study found that Good Corporate Governance (GCG) and Financing to Deposit Ratio (FDR) positively influence the Islamic banks\u27 performance. In contrast, Non-Performing Financing (NPF) has a negative influence on Islamic banks\u27 performance. These findings imply that to promote the performance further, the Islamic banks should enhance the implementation of GCG principles and minimize NPF by improving financing risk management and enhance their financing by allocating their existing funds to the bankable and productive economic sectors.JEL Classification: G21, G34How to Cite:Maulidar, A., & Majid, M. S. A. (2020). Do Good Corporate Governance and Financing Risk Management Matter for Islamic Banks’ Performance in Indonesia?. Etikonomi: Jurnal Ekonomi, 19(2), 169-184. https://doi.org/10.15408/etk.v19i2.15080
Branding Yields Better Harvest: Explaining The Mediating Role of Employee Engagement in Employer Branding and Organizational Outcomes
No full textEmployer branding is an intriguing junction of marketing and human resource management, where the positive intangible perception of the employer makes the organization a valuable. It is antecedents and outcomes have been tried and tested. However, there is a need to empirically test how employer branding lures the employees to perform well and to remain loyal to the employer. This study aimed to find the mediating impact of employee engagement between the relationships of employer branding and performance of the employees and their intention to stay in the companies. By using the structural equation model (SEM), the results revealed the full mediation role of employee engagement in between employer branding and employee performance and their intention to stay. This study implies that the bank needs to induce employees to remain engaged, as, with this, the performance and talent retention will yield.JEL Classification: D23, M31How to Cite:Samo, A. H., Talreja, S., Bhatti, A. A., Asad, S. A., & Hussain, L. (2020). Branding Yields Better Harvest: Explaining The Mediating Role of Employee Engagement in Employer Branding and Organizational Outcomes. Etikonomi: Jurnal Ekonomi, 19(1), 77 – 94. https://doi.org/10.15408/etk.v19i1.12320
The Determinants of Indonesian Textile’s and Clothing Export to the Five Countries of Export Destination
No full textIndonesian textile and clothing products (TPT) is the second-largest export product after oil palm product. There are five biggest export destination countries, that is the United States, Japan, South Korea, and Turkey. This study aims to analyze the factors that affect TPT exports to the five biggest export destination countries. The factors that affect TPT exports examined by using time series and panel data analysis. Using panel data analysis finds that GDP per capita of the destination country, the exchange rate of the Rupiah, the price of textiles in the destination country, and import tariffs stipulate in the destination country affect TPT exports. Then, using time series analysis finds that GDP per capita and import tariffs affected TPT export to the United States, China, and Turkey. Meanwhile, the factors influencing Indonesian textile exports to Japan and South Korea are textile prices, rupiah exchange rates, and import tariffs.JEL Classification: F14, F43How to Cite:Irvansyah, F., Siregar, H., & Novianti, T. (2020). The Determinants of Indonesian Textile’s and Clothing Export to the Five Countries of Export Destination. Etikonomi: Jurnal Ekonomi, 19(1), 19 – 30. https://doi.org/10.15408/etk.v19i1.14845
Arrangements of Employer-Labor Conflicts With Game Theory: Implementation of Islamic Ethic Value
No full textEmployer-labor conflicts are sometimes eternal and challenging to solve. Game theory is one of the essential ideas in settling these conflicts. Furthermore, employer-labor interactions in conflict situations are strategic. In case the employer-labor relationship is non-cooperative, taking place only once, both parties are involved in a prisoner\u27s dilemma situation. In cooperative game theory, the players work together to win the game. Organizational management needs to consider strategic behavior, built-in cooperative games, effective and efficient collaboration between workers and employers. This study examines employer-labor conflict resolution with game theory. It incorporates Islamic ethical values using qualitative research methods. Cooperative games built on employer-labor relations derive from the brotherhood principles (ukhuwah), justice (\u27adl), and goodness (ihsan) that maximizes cooperation and prevent conflicts.JEL Classification: C70, J01, Z12How to Cite:Najma, S., Ramadhan., & Desky, H. (2020). Arrangements of Employer-Labor Conflicts with Game Theory: Implementation of Islamic Ethic Value. Etikonomi: Jurnal Ekonomi, 19(2), 323-332. https://doi.org/10.15408/etk.v19i2.15614
Risk Appetite and Investment Behavior: A Study on Indonesia Muslim Investors
No full textIt has been nine years since the Indonesia Stock Exchange established a Syariah Online Trading System (SOTS), but the number of investors using this system is still relatively small compared to the regular investor. Moreover, the number is much smaller than the potential number of sharia financial markets. This study aims to describe Muslim investors\u27 behavior in Indonesia who use the regular stock account instead of the sharia account. We surveyed by using both offline and online questionnaires, whereby the investors ask to compose the imaginary stock portfolios consisting of stocks and their weights. Using a convenience sampling method, we succeeded in interviewing 85 respondents spread across Indonesia. This study shows that the risk appetite of Indonesian Muslim investors is risk-averse, and they consider sharia aspects in their investment decision. Nonetheless, the compliance to sharia varies among them. Hence, Indonesian Muslim investors cannot be seen and treat as a homogenous group. JEL Classification: G12, G15, G33How to Cite:Firmansyah, E. A., & Andanawari, N. (2020). Risk Appetite and Investment Behavior: A Study on Indonesia Muslim Investors. Etikonomi: Jurnal Ekonomi, 19(2), 287-298. https://doi.org/10.15408/etk.v19i2.16062
Financial Development and Economic Sustainability in ECOWAS Countries: the Role of Institutional Quality
No full textThe literature explored the relationship between financial development and economic sustainability, taking into consideration the roles played by institutional quality in the ECOWAS region. Most literature still debates on the roles of institutional quality on economic growth. The study used data from 1996-2017 for 15 emerging economies within the ECOWAS by applying two-step SYS GMM (SGMM) estimators. The study discovered that financial development has no significant and positive alliance on economic sustainability in the ECOWAS region. Besides that, regulatory quality and control of corruption, considered institutional quality variables have conflicting results with control of corruption reducing growth as well as regulatory quality increasing growth. Again, the results came out that capital formation has a positive association with growth and labor force influencing negatively on growth. Finally, due to a lack of proper corruption control systems in the region and poor financial sector development, growth cannot improve.JEL Classification: O11, O43, C23How to Cite:Li, F., Appiah, M., & Korankye, B. (2020). Financial Development and Economic Sustainability in ECOWAS Countries: The Role of Institutional Quality. Etikonomi: Jurnal Ekonomi, 19(1), 41 – 50. https://doi.org/10.15408/etk.v19i1.13709