International Economics and Business Proceedings

THE ROLE OF ISLAMIC FINANCIAL INSTRUMENTS IN INDONESIA’S ECONOMIC GRO WTH

Hasriyati Hasriyati, Nazwa Yusri — Tue, 24 Dec 2024 00:00:00 +0800

Introduction
: This research highlights the role of Islamic financial i
nstruments, such as sukuk and Islamic banking, in driving economic growth in I
ndonesia. This study aims to analyze the positive impact of these instruments
on Indonesia's economy, particularly in terms of GDP, investment, and financi
al stability. The title is interesting due to its relevance in the context of
an economy with a Muslim majority, as well as its potential to offer alternat
ive financing options in accordance with Islamic principles that can advance t
he Islamic financial market.
Research Methods
: The data used in this study is secondary data in the fo
rm of a time series. This data was obtained from the official websites of Ban
k Indonesia (BI) and the Financial Services Authority (OJK) for the period fr
om January 2018 to December 2023. In this study, the data was processed using
Eviews 9 with the Auto Regressive Distributed Lag (ARDL) approach.
Finding/Results
: The research results show that in the short term, both t
otal financing and total Islamic banking assets have a significant impact on e
conomic growth, with probability values of 0.036 and 0.077 at the 5% and 10%
significance levels, respectively. This indicates that an increase in these t
wo variables tends to be accompanied by an increase in economic growth over a
short period. On the other hand, the variables sukuk and bonds do not show a
significant impact on economic growth, either in the short or long term.

THE INFLUENCE OF SPIRITUAL INTELLIGENCE AND ORGANIZATIONAL COMMITMENT ON ORGANIZATIONAL CITIZENSHIP BEHAVIOR THROUGH LOYALTY

Aulia Vivi Rizky, Irwan Cahyadi, L. Jatmiko Jati — Sat, 28 Dec 2024 00:00:00 +0800

Organizational Citizenship Behavior (OCB) is employee behavior that goes beyond their
formal duties and supports the overall functioning of the organization. OCB is important for
increasing organizational effectiveness and efficiency, as well as creating a more positive work
environment.This research aims to analyze the influence of spiritual intelligence and organizational
commitment on OCB through loyalty as a mediating variable. This type of research uses quantitative
descriptive with a causal approach. The population in this study were all teachers at the Al-Aziziyah
Islamic Boarding School. The sample used in this research was 140 respondents. The analytical tool
used in this research is SEM AMOS 18.0. The research results found that spiritual intelligence had a
positive and significant effect on OCB. Organizational commitment has a positive and significant
influence on OCB. Loyalty has a significant effect on OCB. Spiritual intelligence has a positive and
significant effect on OCB through loyalty. Organizational commitment has a positive and significant
effect on OCB through loyalty. From the research results, it can be concluded that loyalty will increase
if spiritual intelligence and organizational commitment are good, so that it can trigger the formation
of OCB

HOUSEHOLD FINANCIAL MANAGEMENT: A SINGLE PARENT WOMAN'S PERSPECTIVE

Nindika Azizah Karimah, Novia Rizki — Tue, 24 Dec 2024 00:00:00 +0800

Introduction : Single parent woman must make all financial decisions on their own, plan and manage budgets carefully, and ensure family finances are well managed in the absence of financial contributions or support from spouse. The purpose of this study was to analyze the household financial management of single parent women in Mataram City. Household financial management is closely related to welfare from the cycle of acquisition to utilization of wealth. Research on financial management by single parent women is interesting because single parent women occupy all levels of management in the household, from top management, middle to low management.

Research Methods : This research uses a qualitative method with a phenomenological approach to 4 (four) single parent women aged 25-60 years in Mataram City as a informants.

Finding/Results : The results showed that household financial management in the perspective of single parent women consist of several stages of management, namely: first, planning involves setting budgets and spending priorities for children's needs and emergency funds, similar to corporate financial planning that determines the amount and use of short- and long-term funds. Second, organizing and actuating, which adjusts spending to income and financial realities in line with the preparation of structures and responsibilities in the company. Third, controlling, which is monitoring and regulating spending according to budget, similar to monitoring company performance. And fourth, evaluating, which compares expenditures with the planned budget, similar to variance analysis in the company.

THE ROLE OF PERCEIVED USEFULNESS IN ATTITUDE TOWARD USING GOPAY LATER AMONG GENERATION Z IN YOGYAKARTA

Sekar Ayu Kristiana, Tri Utomo Prasetyo — Tue, 24 Dec 2024 00:00:00 +0800

This study analyzed the influence of Perceived Ease of Use (PEU) and Perceived Usefulness as mediating a variable on Attitude Toward Using (ATU) GoPay Later among Generation Z in Yogyakarta. The sampling method is carried out using the Non-Probability Sampling method with the Purposive Sampling technique. A total of 85 Generation Z (aged 18-27 years old) who lived in Yogyakarta and have made a transaction using GoPay Later at least once in the past year completed the questionnaire and became the participants of this study. To answer the research questions, SEM-PLS was applied using SmartPLS Ver. 3 Software. The Theory used in this study is the Theory of Technology Acceptance Models (TAM) developed by Davis (1989). This theory states that Attitude Toward Using a technology is influenced by Perceived Ease of Use and Percieved Usefulness. The result showed that Perceived Ease of Use does not have a significant direct effect on Attitude Toward Using. However, Perceived Ease of Use has a positive and significant direct effect on Perceived Usefulness. Perceived Usefulness has a positive and significant direct effect on Attitude Toward Using. These results indicated that Perceived Usefulness acted as a full mediator of the influence of Perceived Ease of Use on Attitude Toward Using. GoPay Later customers in this study did not consider the ease of use of the application, their attitude toward using GoPay Later was mainly affected by the usefulness of the application. This study contributes to BNPL companies that they should pay attention to the usefulness of the application.

THE INFLUENCES OF PERCEPTION, MOTIVATION, INTEREST AND KNOWLEDGE TO CAREER CHOICES IN STARTUP FIELD

Manisha Elfira Damayanti, Tri Hanani — Tue, 24 Dec 2024 00:00:00 +0800

Introduction : This study investigates the growing interest in entrepreneurship among the younger generation, particularly in startups. It seeks to understand how perception, motivation, interest, and knowledge influence business students' career choices. Using a quantitative approach, data were collected from 117 students at the Faculty of Economics and Business at University Of Mataram through structured questionnaires. These questionnaires assessed students' perceptions of startup opportunities, their motivations, interests in entrepreneurship, and their knowledge of startup operations.

Research Methods : The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), which provided a comprehensive understanding of how each factor influences students' career decisions. The findings highlight that interest plays a significant role in students' career choices in startups, even more than perception, motivation, or knowledge. This insight underscores the importance of fostering interest in entrepreneurship among students.

Finding/Results : Based on these findings, the study concludes that educational institutions should focus on fostering students' interest in entrepreneurship through hands-on experiences, mentorship programs, and practical engagement with the startup ecosystem. This approach can better prepare students for successful careers in startups, contributing to a more innovative and dynamic economic landscape. The insights gained from this study can inform the broader discourse on entrepreneurship education and its role in promoting innovation and economic growth.

Influence of High Salary Preferences, Light Workloads on Gen-Z Career Choices is Mediated Career Motivation

Lutfi Oktavia Sari, Fitria Ariyani, M.Yusuf Kurniawan — Tue, 24 Dec 2024 00:00:00 +0800

The high rate of unemployment and turnover among Generation Z is an
important problem that needs attention, especially because this generation has
unique career preferences that are often different from previous generations. This
research aims to examine in depth the influence of preferences for high salaries
and light workloads on the career choices of Generation Z students, as well as
considering career motivation as a potential mediating variable. This research uses
quantitative methods with a survey approach to obtain relevant and accurate data.
Data collection was carried out by distributing online questionnaires using
Google Forms to 100 students spread across various private universities in
Malang City, students in the 2021-2023 class to ensure broad representation of
the Generation Z group. Data analysis was carried out using Path Analysis with
Structural Equation Modeling (SEM) to test the direct influence of the
independent and dependent variables as well as the intervening variables studied.
This research found that light workload and high salary preferences have a
significant influence on the career choices of Gen Z students in Malang City. A
light workload has a bigger impact, especially if accompanied by high career
motivation. The preference for high salaries also has an influence, although the
impact is smaller than workload, but increases with strong career motivation.
Career motivation acts as a partial mediator that strengthens the relationship
between these two factors on career choice. These results indicate the importance
of balancing salary, workload, and motivation in Gen Z recruitment and retention
strategies. These findings are also relevant for companies looking to attract young
talent.

THE EFFECT OF INCOME, LIFESTYLE AND INVESTMENT KNOWLEDGE ON GEN-Z AND MILLENIAL INVESTMENT INTEREST WITH UNDERSTANDING TECHNOLOGY AS A MODERATING VARIABLE

Mawar Ana Lestari, Tri Hanani — Tue, 24 Dec 2024 00:00:00 +0800

Technology development has made trading stocks has easier. This convenience has a direct impact on increasing the interest in investing in stocks of the wider community, especially Gen-Z and the millennial generation in the NTB region. This study aims to find out whether income, lifestyle and investment knowledge affect the investment interest of Gen-Z and millennials with an understanding of technology as a moderating variable. This topic is interesting because this study examines the investment interest of Gen-Z and millennials in the NTB. In addition, this study adds an understanding of technology as a moderating variable. This study uses a quantitative method and data collection is carried out by distributing questionnaires (surveys) via Google Form. The sample technique in this study used purposive sampling, and the samples collected amounted to 201 respondents and were analyzed using PLS-SEM from SmartPLS. The results of the study show that there is a significant influence between income on the investment interest of Gen-Z and millennials in the NTB region. Furthermore this study shows that understanding technology moderates the relationship between investment knowledge and investment interest. The results of this research can provide insight to potential investors in making decisions and developing strategies for investing.

THE ROLE OF FINANCIAL LITERACY AND HEDONIC VALUE IN THE INTENTION TO BORROW MONEY

Muhammad Zam Zam Rifaldi, Tri Utomo Prasetyo — Tue, 24 Dec 2024 00:00:00 +0800

Introduction : This study aims to examine the factors influencing borrowing intention through fintech lending services among Generation Z in the Special Region of Yogyakarta, Indonesia.

Research Methods : Utilizing the Theory of Planned Behavior model with financial literacy and hedonic value as moderating variables, this research involves 196 fintech lending apps users. The data are collected through surveys and are analyzed by using Partial Least Squares Structural Equation Modelling (PLS-SEM) method.

Finding/Results : The results show that attitude toward behavior (ATB) and subjective norms (SN) positively influence borrowing intention (BI) through fintech lending services among Generation Z in Yogyakarta, while perceived behavioral control (PBC) does not. Gen Z’s intention to borrow money through fintech lending services are determined by their perceived attitude and social expectations. Financial literacy (FL) can serve as a moderating variable in explaining the effect of SN and PBC on BI. FL strengthen the effect of PBC on BI, but decreases the effect of SN on BI. On the other hand, hedonic value (HV) reinforces the effect of ATB on BI. This study contributes to understanding the financial behavior of Generation Z in the digital era and implications for the development of more effective marketing strategies for fintech lending services.

THE EFFECT OF WORK PROFESSIONALISM AND WORK COMMITMENT ON EMPLOYEE WORK PRODUCTIVITY AT UD ORIANA EYEWEAR OPTICAL IN GIANYAR REGENCY

Tue, 24 Dec 2024 00:00:00 +0800

This research aims to examine the influence of work professionalism and work commitment on employee work productivity. This research is included in quantitative research. This research was conducted at Optik Orianaeyewear in Gianyar Regency. The object of this research is work professionalism, work commitment and employee work productivity. The population in this study were all 44 employees of UD Orianaeyewear Optical in Gianyar Regency. Determining the sample in this study used the saturated method, so the sample was the entire population. This research uses quantitative and qualitative data types using primary and secondary data sources. Data collection methods use observation, interviews, documentation studies and also questionnaires which are measured using a Likert scale. Data processing uses the SPSS version 25 program for Windows. Data analysis uses validity and reliability tests as research instruments, classical assumption tests, multiple linear regression analysis, determination analysis, F test and t test. The research results show that (1) work professionalism and work commitment have a positive and significant effect simultaneously on employee work productivity, (2) work professionalism has a partial positive and significant effect on employee work productivity and (3) work commitment has a partial positive and significant effect . on employee work productivity.

USING MODIFIED TECHNOLOGY ACCEPTANCE MODEL TO INVESTIGATE QRIS ADOPTION AMONG UNIVERSITY STUDENT

Wahyu Eka Putri Agustiningtyas, Ferdian Hendrasto — Tue, 24 Dec 2024 00:00:00 +0800

This study aims to analyze the use of QRIS in supporting financial transactions among university students. Along with technological developments and increasing digital adoption, QRIS have become one of the main methods used by students to conduct daily financial transactions. This research uses a quantitative method with a survey approach involving 150 students from various faculties at University. Data was collected through a questionnaire that measured factors such as ease of use, security, trust, and perceived benefits of QRIS. The analysis method used in this research is regression analysis.

The results showed that ease of use and perceived benefits of QRIS have a significant influence on students' intention to use this service. In addition, the security factor also shows a strong influence, which indicates the importance of data protection and privacy in the use of QRIS. Trust in the service provider was also found to be a significant contributing factor in supporting the adoption of this service. These findings indicate that students are more likely to use QRIS if they feel the services are safe, easy to use, and provide clear benefits in supporting their financial transactions.

This research makes an important contribution in understanding the factors that influence the adoption of QRIS among university students, as well as providing guidance for service providers to improve their service quality to meet the needs of increasingly digitized users

PURSUING GOOD DEALS ON TIKTOK LIVE: INVESTIGATING THE RELATIONSHIP BETWEEN HEDONIC VALUE AND IMPULSE BUYING

Putri Ayu Dwi, Ferdian Hendrasto — Tue, 24 Dec 2024 00:00:00 +0800

With the rapid development of online shopping and increased internet usage, consumer shopping behavior is changing. This phenomenon raises the question of how hedonic value affects impulsive buying. This study aims to analyze the impact of hedonic value on impulse buying among TikTok customers . Hedonic value refers to excessive shopping activities aimed at obtaining pleasure, which results in positive consumer emotions leading to impulsive purchasing decisions.The study employs a quantitative approach using survey methods and a questionnaire involving 150 respondents who are active TikTok customers. The data analysis technique used is linear regression, chosen to analyze the relationship between the independent variable (X) hedonic value and the dependent variable (Y) impulse buying. The sample was randomly selected with criteria including TikTok customers who have made purchases in the last six months.The results show that hedonic value has a positive and significant impact on impulse buying, with a regression coefficient of 0.65 and a p-value < 0.01. This finding indicates that an increase in hedonic value is associated with a higher tendency for impulse buying, with 78% of respondents frequently making impulse purchases when faced with attractive promotions on TikTok. Additionally, hedonic value is related to a consumptive lifestyle, reflected in the tendency to continue shopping despite not feeling satisfied.This study is expected to contribute to the understanding of consumer behavior on short-video-based e-commerce platforms. For marketers, these results highlight the importance of creating content that stimulates positive emotional responses to encourage impulse buying on TikTok.

Digital Literacy as a Moderator in the Entrepreneurial Role of Generation Z Students in Revitalizing the Tourism and Creative Economy Sectors in Pangkep Regency

Nanda Rezky Pratama, Muhammad Hasan — Tue, 24 Dec 2024 00:00:00 +0800

Study This aiming For explore influence digital literacy and technology to effectiveness entrepreneurship , innovation products , as well as market expansion in the digital era. Research This use method analysis quantitative with approach survey , involving Respondent from various background behind education and age . Validity and reliability test from tool measuring show adequate results , with mark validity (r) ranges between 0.71 to 0.90 and the coefficient reliability (α) above 0.80, indicates that instrument study can reliable . PLS SEM analysis revealed that digital literacy has influence significant to digital marketing , innovation product , and market expansion , with path coefficients of 0.68, 0.70, and 0.69 respectively . In addition that , digital marketing , innovation products , and market expansion significant influence effectiveness entrepreneurship , with The path coefficient values are 0.63, 0.67, and 0.65 respectively . Survey results show that majority Respondent own understanding good digital literacy , with 55% of them is in the category understanding " Good " or "Very Good ". Use technology in education considered very important by 70% of respondents , while mastery digital tools and applications vary , with mastery of social media and applications productivity relatively more tall compared to tool data analysis . Constraints main in implementation digital literacy includes lack of infrastructure , inability technology , and the lack of training . Research This conclude that although understanding and use technology by respondents Already Enough well , there is need For increase infrastructure , training , and awareness about digital privacy and security . Support from various parties , including institution education and government , is very important For push development digital literacy and technology in a way more effective

The Influence of Corporate Social Responsibility (CSR) on Performance Satisfaction Mediated by Leadership: A Case Study on Employees at PT. Jatimpark

Yolanda Violettasari, Yuni Kusuma Arumsari — Tue, 24 Dec 2024 00:00:00 +0800

Objective from study this is For analyze Influence Corporate Social Responsibility (CSR) and Leadership on Employee Performance. Employee performance is very important for company especially at PT. Jatimpark which operates in the field of Tourism. Corporate Social Responsibility (CSR) and Leadership is component main influencing factors performance employees. CSR is commitment company for responsible on aspect economic, social and environmental. Effective CSR can increase satisfaction employees, motivation, and engagement impactful employees positive on performance employees. Data collected with through approach method quantitative with spread questionnaire to 50 employees in several branch Jatimpark. SmartPLS used For test influence direct CSR and leadership to performance employee. Object study this only involving employee Jatimpark and focuses on analysis Influence Corporate Social Responsibility (CSR) and Leadership on Employee Performance. Research result leadership and CSR influence positive and significant to performance employees. Leadership transformative create environment productive work and good implementation of CSR increase satisfaction work this is show that CSR and style leadership important For increase performance employees in the sector tourism. Research this show that for East Java Park need strengthening CSR programs and improving quality leadership For increase performance employee.

FINANCIAL STABILITY AND EXTERNAL PRESSURE ON FINANCIAL FRAUD WITH AUDIT COMMITTEE AS MODERATION

Rizka Darmayanti, Baiq Dinna Widiyasti, Restu Alpiansah — Tue, 24 Dec 2024 00:00:00 +0800

Financial statements are important documents for internal and external parties of the company. However, financial reports can also be a gap for the company to commit financial fraud, especially when the company is under pressure so that the company's condition looks good from the company's financial condition. Supervision from the audit committee is also not necessarily an obstacle to management committing financial fraud. Some of the factors that make someone commit financial fraud are Financial Stability and also external pressure. Data analysis methods include descriptive statistical tests, regression model selection tests, classical assumption tests, and MRA tests with Eviews-10. The results of this study indicate that Financial Stability does not affect financial fraud, external pressure has an effect on financial fraud, the audit committee cannot weaken the effect of Financial Stability on financial fraud, and the audit committee cannot weaken the effect of external pressure on financial fraud. Only external pressure can influence financial fraud actions because large debt will make company management get pressure from third parties. After all, third parties want the company to reduce its debt. The role of the audit committee as moderation also cannot weaken the influence of the financial stability and external pressure variables on financial fraud.

THE EFFECT OF GREEN MARKETING ORIENTATION ON OPEN INNOVATION AND GREEN INNOVATION AS A MEDIATION: GREEN PERFORMANCE

Sepriani, Ferdian Hendrasto — Tue, 24 Dec 2024 00:00:00 +0800

This study aims to analyse the influence of green marketing orientation on open innovation and green innovation and its impact on green performance, with open innovation and green innovation as mediating variables. This study uses a quantitative approach with modelling of structural equations using partial least squares (PLS-SEM) to test the hypothesis proposed. Data was collected through structured observations in 49 companies in Indonesia as well as secondary data from annual reports and related publications. The results of the study show that green marketing orientation has a significant effect on green innovation, which means that green marketing orientation encourages green innovation in the company (H1 is accepted). However, open innovation does not have a significant influence on green innovation, so the second hypothesis (H2) is rejected. Furthermore, this study revealed that green innovation has a significant influence on green performance, showing that the application of green innovation directly improves the company's green performance (H3 accepted). However, green marketing orientation did not have a significant effect on green performance, which showed that green marketing did not directly affect green performance (H4 was rejected). In contrast, open innovation has a significant influence on green performance, which indicates that companies that implement open innovation tend to experience an increase in green performance (H5 accepted). These findings provide important insights for companies on the importance of green marketing orientation and open innovation in improving green performance through green innovation. The practical implications of this study are the need for companies to focus more on developing effective green marketing strategies and integrating innovation as part of efforts to improve green performance

EXCHANGE RATE STABILITY OF THE RUPIAH, INTEREST RATES, MONEY SUPPLY, FOREIGN EXCHANGE, AND DINAR (GOLD) ON INFLATION IN INDONESIA

Sudin Yamani, Muhammad Iryanto — Tue, 24 Dec 2024 00:00:00 +0800

Introduction : This research analyzes the relationship between inflation and economic variables using the ARDL (Autoregressive Distributed Lag) model, with an emphasis on both long-term and short-term evaluations.

Research Methods : In this study, the analysis method used is Auto Regresive Distributed Lag (ARDL) analysis. Where the ARDL model is an analysis using one or more past data from dependent variables among the explanatory variables by involving data at present time and past time from explanatory variablesFinding/Results : In the short-term analysis, the variables INTEREST_RATE, EXPORT, and M2 show significant impacts on INFLATION. EXPORT has a significant influence with varying lag effects. Conversely, the variables NTR, DINAR, and FOREIGN_EXCHANGE do not have a significant impact in this model. In the long-term analysis, the INTEREST_RATE variable has a coefficient of 1.002155 with a p-value of 0.0366, indicating a positive and significant effect on INFLATION. An increase of one unit in INTEREST_RATE is associated with an increase in INFLATION of approximately 1.002 units. Additionally, EXPORT also shows a significant long-term relationship with INFLATION, although its coefficient is small and the p-value is 0.0335. On the other hand, the variables NTR, DINAR, FOREIGN_EXCHANGE, and M2 do not show significant long-term effects, although some approach significance.

INDONESIAN FINANCIAL AUTHORITY’S IMPACT ON FINTECH FIRMS (CASE STUDY ON AKULAKU COMPANY 2023-2024)

Irsyad Adiatma, Yuni Kusuma Arumsari, Ferdian Hendrasto — Tue, 24 Dec 2024 00:00:00 +0800

This study examines how business activity restrictions imposed by the Indonesian Financial Services Authority affect the financial performance of fintech companies. These restrictions are intended to maintain the stability and health of the financial sector but may impact the operations and profitability of fintech companies. This study provides insights into how fintech companies can adapt to stricter regulations and how the Indonesian Financial Services Authority’s regulations can influence the dynamics of the fintech market. A quantitative method is used in this research by analyzing Akulaku’s financial ratios before and after the implementation of the Indonesian Financial Services Authority’s regulations. The results of the study indicate that the Financial Services Authority’s regulations affect Akulaku’s financial performance. Net income and operating profit are some of the financial performance indicators that declined after the business activity restrictions were implemented. However, the company also improved operational efficiency and risk control, demonstrating how the company responded to the regulations and enhanced long-term financial health. In conclusion, this study finds that the business activity restrictions imposed by the Indonesian Financial Services Authority significantly impact the financial performance of fintech companies, particularly Akulaku. The research results show that, although these regulations aim to maintain the stability and health of the financial sector, Akulaku’s net income and operating profit have declined since their implementation. Conversely, the business has improved operational efficiency and risk control, indicating good adaptation to the regulations and the potential for long-term financial health improvement. This study provides important insights into how fintech businesses can adapt to stricter regulations and how the Indonesian Financial Services Authority’s regulations affect the dynamics of the fintech market.