Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.59788
S. Wahyudi, N. Badriyah, Rihana Sofie Nabella, Kartika Sari, R. Radeetha
The banking sector is one of the most critical sectors that supports 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 system and then the Sharia system. 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 uses the Generalized Method of Moment to analyze the relationship between bank competition and financial stability in Indonesia, both for conventional and Islamic banks. The results show a positive relationship between the level of competition in the banking industry and the stability of banks, indicating that an increase in competition will result in greater stability. These findings suggest that Islamic banking has the potential to expand its market share by improving its level of soundness and retaining customer loyalty. Additionally, banking authorities should re-evaluate their performance and regulations.JEL: G21, G32, L10.
{"title":"LINKAGES BETWEEN BANK COMPETITION AND FINANCIAL STABILITY: A COMPARATIVE STUDY OF SHARIA VS CONVENTIONAL BANKING IN INDONESIA","authors":"S. Wahyudi, N. Badriyah, Rihana Sofie Nabella, Kartika Sari, R. Radeetha","doi":"10.26418/jebik.v12i1.59788","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.59788","url":null,"abstract":"The banking sector is one of the most critical sectors that supports 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 system and then the Sharia system. 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 uses the Generalized Method of Moment to analyze the relationship between bank competition and financial stability in Indonesia, both for conventional and Islamic banks. The results show a positive relationship between the level of competition in the banking industry and the stability of banks, indicating that an increase in competition will result in greater stability. These findings suggest that Islamic banking has the potential to expand its market share by improving its level of soundness and retaining customer loyalty. Additionally, banking authorities should re-evaluate their performance and regulations.JEL: G21, G32, L10.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73849483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.60356
I. Awwaliyah, S. Sumani, Marmono Singgih, Roni Widodo
MSMEs play a significant role in the digital economy, highlighting the need for the government to focus on their development beyond financing, and to improve their digital literacy. This study investigates the impact of Digital Financial Literacy on the Financial Performance of MSMEs in Pancer Puger Beach, Jember, with a specific focus on the role of Financial Behavior in promoting this relationship. The study uses mixed method with an exploratory sequential design, combining qualitative data gathered from focus group discussions, in-depth interviews, and observations, with quantitative data collected through questionnaires from 120 MSMEs respondents obtained via snowball sampling which analyzed using the Partial Least Square. The result shows that (1) Digital Financial Literacy affects Financial Performance, (2) Digital Financial Literacy affects Financial Behavior, and (3) Financial Behavior affects Financial Performance of MSMEs while Financial Behavior serves as a mediator between Financial Literacy and Financial Performance. The findings suggest that tourism MSMEs can adapt and thrive in line with Indonesia's digital financialization.JEL: G41, L26, L83.
{"title":"HOW DOES DIGITAL FINANCIAL LITERACY RELATE TO FINANCIAL PERFORMANCE OF MSMES TOURISM FIRM? THE MEDIATING ROLE OF FINANCIAL BEHAVIOR","authors":"I. Awwaliyah, S. Sumani, Marmono Singgih, Roni Widodo","doi":"10.26418/jebik.v12i1.60356","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.60356","url":null,"abstract":"MSMEs play a significant role in the digital economy, highlighting the need for the government to focus on their development beyond financing, and to improve their digital literacy. This study investigates the impact of Digital Financial Literacy on the Financial Performance of MSMEs in Pancer Puger Beach, Jember, with a specific focus on the role of Financial Behavior in promoting this relationship. The study uses mixed method with an exploratory sequential design, combining qualitative data gathered from focus group discussions, in-depth interviews, and observations, with quantitative data collected through questionnaires from 120 MSMEs respondents obtained via snowball sampling which analyzed using the Partial Least Square. The result shows that (1) Digital Financial Literacy affects Financial Performance, (2) Digital Financial Literacy affects Financial Behavior, and (3) Financial Behavior affects Financial Performance of MSMEs while Financial Behavior serves as a mediator between Financial Literacy and Financial Performance. The findings suggest that tourism MSMEs can adapt and thrive in line with Indonesia's digital financialization.JEL: G41, L26, L83.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"127 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85281322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.59655
Siti Rokhaniyah, Alex Johanes Simamora, Mumpuni Wahyudiarti Sitoresmi
This research objective is to examine the effect of enterprise resource planning (ERP) on real earnings management (REM). The sample are 590 manufacturing firm-years listed in the Indonesian Stock Exchange 2017-2021. REM is proxied by three abnormal activities: over-sales, overproduction, and discretionary expense cutting. With panel data regression analysis, it is found that ERP implementation has a negatively significant effect on REM. Further, the ERP system implementation role to reduce REM is more pronounced for overproduction and discretionary expenses activities, and for suspect firms that beat earnings targets. ERP systems play an important role in reducing information asymmetry and effectively constraining REM. This research gives implications to firm management to make decisions about ERP an investment or to increase implemented ERP performance so that REM can be reduced. This research strengthens previous findings about ERP on REM by involving the ERP non-implementer as control group firms, using alternative ERP implementation period to control its effectiveness, and also examining REM suspect and non-suspect firms, since previous researches are lack of it.JEL: M410, M400, M21.
{"title":"ENTERPRISE RESOURCE PLANNING AND REAL EARNINGS MANAGEMENT: A STUDY IN INDONESIA","authors":"Siti Rokhaniyah, Alex Johanes Simamora, Mumpuni Wahyudiarti Sitoresmi","doi":"10.26418/jebik.v12i1.59655","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.59655","url":null,"abstract":"This research objective is to examine the effect of enterprise resource planning (ERP) on real earnings management (REM). The sample are 590 manufacturing firm-years listed in the Indonesian Stock Exchange 2017-2021. REM is proxied by three abnormal activities: over-sales, overproduction, and discretionary expense cutting. With panel data regression analysis, it is found that ERP implementation has a negatively significant effect on REM. Further, the ERP system implementation role to reduce REM is more pronounced for overproduction and discretionary expenses activities, and for suspect firms that beat earnings targets. ERP systems play an important role in reducing information asymmetry and effectively constraining REM. This research gives implications to firm management to make decisions about ERP an investment or to increase implemented ERP performance so that REM can be reduced. This research strengthens previous findings about ERP on REM by involving the ERP non-implementer as control group firms, using alternative ERP implementation period to control its effectiveness, and also examining REM suspect and non-suspect firms, since previous researches are lack of it.JEL: M410, M400, M21.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"6 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81866060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.54767
Dea Mitzi Yusphita, Erni Ekawati
This study examines the effect of disclosure of intellectual capital in mediating the financial structure and performance of companies using path analysis method. This study also compares the effect of disclosing intellectual capital on companies listed on the Indonesian and Singapore stock exchanges from 2018 to 2020. A two-stage least squares statistical model is used to test the research hypothesis. The findings show that the financial structure in Indonesia and Singapore has a significant negative effect on financial performance. Meanwhile, financial structure has a significant negative effect on market performance only in Singapore, while Indonesia has no effect. Disclosure of intellectual capital which is used as a mediating variable on financial structure and performance has a significant positive effect in Singapore. Meanwhile, there is no significant effect on the relationship between financial structure and market performance after being mediated by disclosure of intellectual capital. This study can be used by managers as a starting point for designing more effective methods of using intellectual capital to gain competitive advantage through leverage.JEL: M41, O34.
{"title":"HOW DO INTELLECTUAL CAPITAL DISCLOSURES MEDIATE FINANCIAL STRUCTURE AND COMPANY PERFORMANCE? EVIDENCE FROM INDONESIA AND SINGAPORE","authors":"Dea Mitzi Yusphita, Erni Ekawati","doi":"10.26418/jebik.v12i1.54767","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.54767","url":null,"abstract":"This study examines the effect of disclosure of intellectual capital in mediating the financial structure and performance of companies using path analysis method. This study also compares the effect of disclosing intellectual capital on companies listed on the Indonesian and Singapore stock exchanges from 2018 to 2020. A two-stage least squares statistical model is used to test the research hypothesis. The findings show that the financial structure in Indonesia and Singapore has a significant negative effect on financial performance. Meanwhile, financial structure has a significant negative effect on market performance only in Singapore, while Indonesia has no effect. Disclosure of intellectual capital which is used as a mediating variable on financial structure and performance has a significant positive effect in Singapore. Meanwhile, there is no significant effect on the relationship between financial structure and market performance after being mediated by disclosure of intellectual capital. This study can be used by managers as a starting point for designing more effective methods of using intellectual capital to gain competitive advantage through leverage.JEL: M41, O34.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90016478","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.58984
Ita Athia, B. Soetjipto, Erfan Efendi
The pandemic has impacted the global economy, including MSMEs, especially in financial issues such as minimal revenue flow and inadequate financial management. On the marketing side, there has been a decrease in demand due to the implementation of social restrictions, which will affect the company's existence, requiring MSMEs to be able to transform into online marketing. Improved financial and digital literacy can enhance MSME performance. This study aims to determine the moderating effect of financial literacy and digital literacy among MSMEs in improving their business performance. The research approach used a quantitative research method with Partial Least Square (PLS) for data analysis. The results show that financial management and digital marketing have a direct effect on MSMEs' performance. Furthermore, financial literacy can moderate and improve the performance of MSMEs, while digital literacy cannot effectively moderate the implementation of digital marketing to improve MSMEs' performance. This study implies that MSMEs need to improve their financial behavior and decision-making during crisis conditions and enhance their knowledge and skills in managing digital marketing content.JEL: L250, M310, G41.
{"title":"THE IMPROVEMENT OF MSMEs' BUSINESS PERFORMANCE DURING THE COVID-19 PANDEMIC THROUGH FINANCIAL AND DIGITAL LITERACY","authors":"Ita Athia, B. Soetjipto, Erfan Efendi","doi":"10.26418/jebik.v12i1.58984","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.58984","url":null,"abstract":"The pandemic has impacted the global economy, including MSMEs, especially in financial issues such as minimal revenue flow and inadequate financial management. On the marketing side, there has been a decrease in demand due to the implementation of social restrictions, which will affect the company's existence, requiring MSMEs to be able to transform into online marketing. Improved financial and digital literacy can enhance MSME performance. This study aims to determine the moderating effect of financial literacy and digital literacy among MSMEs in improving their business performance. The research approach used a quantitative research method with Partial Least Square (PLS) for data analysis. The results show that financial management and digital marketing have a direct effect on MSMEs' performance. Furthermore, financial literacy can moderate and improve the performance of MSMEs, while digital literacy cannot effectively moderate the implementation of digital marketing to improve MSMEs' performance. This study implies that MSMEs need to improve their financial behavior and decision-making during crisis conditions and enhance their knowledge and skills in managing digital marketing content.JEL: L250, M310, G41.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91325543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.58906
I. N. Aristana, I. Arsawan, I. M. B. Wisnawa
This 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.
{"title":"IMPROVING EMPLOYEE JOB SATISFACTION: DO TRANSFORMATIONAL LEADERSHIP AND ORGANIZATIONAL CULTURE MATTER?","authors":"I. N. Aristana, I. Arsawan, I. M. B. Wisnawa","doi":"10.26418/jebik.v12i1.58906","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.58906","url":null,"abstract":"This 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.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83135372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.26418/jebik.v12i1.53432
Aditya Pandowo, Nova Christian Mamuaya
Inertia is a phenomenon of repeat purchase patterns that consumers unconsciously follow because they are based only on habits. This study explores the phenomenon of inertia by focusing on the stimulants of brand credibility, perceived risk, and brand satisfaction. SmartPLS was used to test the relationship between constructs. A total of 180 respondents were selected using a purposive sampling technique. Respondent criteria are those who buy toiletries from the same brand more than twice. The results show that brand credibility is an antecedent of perceived quality, brand satisfaction, consumer inertia, and brand commitment. Perceived quality is the beginning of brand satisfaction and commitment. Meanwhile, brand satisfaction affects consumer inertia. Mediation tests involving perceived quality demonstrate its role as a mediator in the relationship between brand credibility, brand satisfaction, and brand commitment. This study estimates constructs containing consumer inertia by emphasizing the individual cognitive, affective, and conative aspects. The contributions of this study will be helpful for practitioners and academics to explore the determinants of inertia and commitment.JEL: M30, M31.
{"title":"CONSUMER INERTIA IN TOILETRIES PRODUCTS: MEDIATION EFFECTS OF QUALITY PERCEPTION ON BRAND CREDIBILITY, BRAND SATISFACTION, AND BRAND COMMITMENT","authors":"Aditya Pandowo, Nova Christian Mamuaya","doi":"10.26418/jebik.v12i1.53432","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.53432","url":null,"abstract":"Inertia is a phenomenon of repeat purchase patterns that consumers unconsciously follow because they are based only on habits. This study explores the phenomenon of inertia by focusing on the stimulants of brand credibility, perceived risk, and brand satisfaction. SmartPLS was used to test the relationship between constructs. A total of 180 respondents were selected using a purposive sampling technique. Respondent criteria are those who buy toiletries from the same brand more than twice. The results show that brand credibility is an antecedent of perceived quality, brand satisfaction, consumer inertia, and brand commitment. Perceived quality is the beginning of brand satisfaction and commitment. Meanwhile, brand satisfaction affects consumer inertia. Mediation tests involving perceived quality demonstrate its role as a mediator in the relationship between brand credibility, brand satisfaction, and brand commitment. This study estimates constructs containing consumer inertia by emphasizing the individual cognitive, affective, and conative aspects. The contributions of this study will be helpful for practitioners and academics to explore the determinants of inertia and commitment.JEL: M30, M31.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"140 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88205662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates the market valuation effect of ownership concentration, financial policy and profitability in a sample of 109 non-family over the period 2012 to 2019. Hence, we used balance panel data to investigate the market value and possible effect of the variables identified using the General Method of Moment (GMM) estimator. The results market value is dynamic in nature, implying that last year's market value significantly affects the current market value. Although the major shareholders are not family members, ownership concentration still has significant negative effects on market value. However, the financial decision shows that leverage gives a positive and significant effect while investment and dividend policy seems to have a negative effect on market value, although the investment is insignificant. Lastly, profitability is positive and has significant effects. Lastly, profitability is positive and significant effects. This study concluded that ownership concentration, leverage and profitability have important factors affect market value. This study contributes to non-family firm’s literature and provides new empirical findings and policy implications of regulators to enhance the market value.JEL: G11, G30, G32.
{"title":"THE MARKET VALUE OF NON-FAMILY FIRMS: A STUDY ON OWNERSHIP CONCENTRATIONS, FINANCIAL POLICY AND PROFITABILITY","authors":"Darmawati Muchtar, Norazlan Alias, Iswadi Bensaadi","doi":"10.26418/jebik.v12i1.59559","DOIUrl":"https://doi.org/10.26418/jebik.v12i1.59559","url":null,"abstract":"This study investigates the market valuation effect of ownership concentration, financial policy and profitability in a sample of 109 non-family over the period 2012 to 2019. Hence, we used balance panel data to investigate the market value and possible effect of the variables identified using the General Method of Moment (GMM) estimator. The results market value is dynamic in nature, implying that last year's market value significantly affects the current market value. Although the major shareholders are not family members, ownership concentration still has significant negative effects on market value. However, the financial decision shows that leverage gives a positive and significant effect while investment and dividend policy seems to have a negative effect on market value, although the investment is insignificant. Lastly, profitability is positive and has significant effects. Lastly, profitability is positive and significant effects. This study concluded that ownership concentration, leverage and profitability have important factors affect market value. This study contributes to non-family firm’s literature and provides new empirical findings and policy implications of regulators to enhance the market value.JEL: G11, G30, G32.","PeriodicalId":32272,"journal":{"name":"Jurnal Ekonomi Bisnis dan Kewirausahaan JEBIK","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90163219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.26418/jebik.v11i3.56561
U. Hartono, Yuyun Isbanah
This study aims to determine the determinants of saving behavior using financial literacy as a mediating variable. The endogenous variable in this study was saving behavior, while the exogenous variables were financial literacy, parental socialization, peer influence, and self-control. The respondents were 300 students from the Faculty of Economics of Indonesia. Data were analyzed by Structural Equation Modelling (SEM) using STATA software. The results show that parental socialization and peer influence positively affect financial literacy, whereas self-control does not. Financial literacy directly affects saving behavior. Parental socialization and peer influence directly influence saving behavior. The results provide a new understanding of the importance of financial literacy in encouraging student-saving behavior. The role of parents and peers in the environment is essential for improving students’ financial literacy and saving behavior. The banking industry can play a role in increasing financial literacy through collaboration with universities through a virtual account program and the socialization of savings to students. It is also an opportunity for saving service providers to introduce their products to consumers early.JEL : G41, G410.ABSTRAKTujuan penelitian ini untuk mengetahui determinan dari saving behaviour dengan menggunakan financial literacy sebagai variabel mediasi. Variabel endogen dalam penelitian ini adalah saving behaviour sedangkan variabel eksogen, yaitu financial literacy, parental socialization, peer influence, dan self-control. Responden penelitian ini adalah 300 mahasiswa Fakultas Ekonomi di Indonesia. Data dianalisis dengan Structural Equation Modeling (SEM) menggunakan software STATA. Hasil penelitian menunjukkan bahwa parental socialization dan peer influence berpengaruh positif terhadap financial literacy, sedangkan self-control berpengaruh negatif terhadap financial literacy. Financial literacy juga terbukti berpengaruh secara langsung pada saving behaviour. Parental socialization dan peer influence juga memiliki pengaruh langsung pada saving behaviour. Penelitian ini memberikan pemahaman baru mengenai pentingnya literasi keuangan untuk mendorong perilaku menabung bagi mahasiswa. Peran orang tua dan teman sebaya menjadi faktor penting dalam menumbuhkan literasi keuangan dan perilaku menabung mahasiswa. Industri perbankan dapat berperan dalam meningkatkan financial literacy melalui kerjasama dengan universitas dalam bentuk program virtual account sekaligus untuk sosialisasi tabungan ke mahasiswa. Ini juga menjadi peluang bagi penyedia layanan tabungan untuk memperkenalkan produknya ke konsumen lebih dini.Kata Kunci: literasi keuangan, peer influence, parental socialization, self-control, saving behaviour.
本研究的目的是确定储蓄行为的决定因素使用金融素养作为中介变量。本研究的内生变量为储蓄行为，外生变量为理财素养、父母社会化、同伴影响和自我控制。受访者是来自印度尼西亚经济学院的300名学生。利用STATA软件对数据进行结构方程建模(SEM)分析。结果表明，父母社会化和同伴影响对金融素养有正向影响，而自我控制对金融素养无正向影响。理财知识直接影响储蓄行为。父母社会化和同伴影响直接影响储蓄行为。研究结果为金融知识在鼓励学生储蓄行为中的重要性提供了新的认识。家长和同龄人在环境中的作用对于提高学生的金融知识和储蓄行为至关重要。银行业可以通过与大学合作，通过虚拟账户计划和学生储蓄的社会化，在提高金融知识方面发挥作用。这也是服务提供商尽早向消费者介绍其产品的机会。Jel: g41, g410。【摘要】本文研究了储蓄行为的决定因素、金融素养的影响因素。变量内因、金融素养、父母社会化、同伴影响、自我控制。回复penelitian ini adalah 300 mahasiswa Fakultas economi di Indonesia。数据分析:登甘结构方程建模(SEM)，梦古纳坎软件STATA。父母社会化与同伴影响正向影响金融素养，自我控制正向影响金融素养。金融知识(juga terbukti berpengaruh secara)影响了储蓄行为。父母社会化和同伴影响孩子的储蓄行为。Penelitian ini成员:Penelitian成员:Penelitian成员:Penelitian成员:Penelitian成员:Penelitian成员:Penelitian成员:Penelitian成员:Penelitian成员Peran orang tua dan teman sebaya menjadi, flakan dalam menumbuhkan文学，keuangan, peranaku menabung mahasiswa。金融知识，金融知识，金融知识，金融知识，金融知识，金融知识，金融知识，金融知识，金融知识，金融知识Ini juga menjadi peluang bagi penyedia layanan tabungan untuk memperkenalkan produknya ke konsumen lebih dini。Kata Kunci:文士keuangan，同伴影响，父母社会化，自我控制，储蓄行为。
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Pub Date : 2022-12-31DOI: 10.26418/jebik.v11i3.57368
Y. Prakasa, A. Sujoko, Nana Abdul Aziz, Andhyka Muttaqin
The new normal era during the COVID-19 pandemic has presented opportunities and challenges for SMEs. This study aimed to determine the effects of absorptive capacity and innovation capability on business performance. The research involved 189 creative SMEs owners in Malang City. The sampling technique uses proportional random sampling. Data were collected by distributing questionnaires to respondents. The data analysis used partial least squares using high-order construction. The results showed that absorptive capacity significantly affects business performance, and absorptive capacity significantly affects innovation capability. However, innovation capability had no significant effect on business performance. Innovation capability has also not been proven to influence Absorptive Capacity and Business Performance indirectly. The practical implication is that SMEs owners should develop the absorptive capacity to reach, assimilate, and acquire new knowledge to achieve better SMEs performance. Simultaneously, innovation capability does not automatically improve SMEs' performance. SMEs need extra effort to produce innovations that are rare, unique, and difficult to imitate to survive the new normal era. JEL : D81, M13, O31.ABSTRAKEra new normal di masa pandemi COVID-19 menghadirkan peluang dan tantangan bagi UMKM. Penelitian ini bertujuan untuk menguji pengaruh absorptive capacity dan innovation capability terhadap business performance. Penelitian ini melibatkan 189 pemilik UMKM kreatif di Kota Malang. Teknik pengambilan sampel menggunakan proportional random sampling. Pengumpulan data dilakukan dengan menyebarkan kuesioner kepada responden. Analisis data menggunakan partial least squares using high-order construction. Hasil penelitian menunjukkan bahwa absorptive capacity berpengaruh signifikan terhadap business performance, dan business performance berpengaruh signifikan terhadap innovation capability. Namun, innovation capability tidak berpengaruh signifikan terhadap business performance. Innovation capability juga belum terbukti mempengaruhi absorptive capacity dan business performance secara tidak langsung. Implikasi praktisnya, pemilik UMKM harus mengembangkan absorptive capacity untuk menjangkau, mengasimilasi, dan memperoleh pengetahuan baru untuk mencapai kinerja UMKM yang lebih baik. Secara bersamaan, innovation capability tidak secara otomatis meningkatkan kinerja UMKM. UMKM membutuhkan upaya ekstra untuk menghasilkan inovasi yang langka, unik, dan sulit ditiru untuk bertahan di era normal yang baru.Kata Kunci : absorptive capacity, innovation capability, business performance, SMEs, new normal.
新冠肺炎疫情新常态给中小企业带来了机遇和挑战。本研究旨在探讨吸收能力与创新能力对企业绩效的影响。这项研究涉及了玛琅市189名有创意的中小企业主。抽样技术采用比例随机抽样。通过向受访者分发问卷收集数据。数据分析采用高阶构造的偏最小二乘法。结果表明，吸收能力显著影响企业绩效，吸收能力显著影响创新能力。而创新能力对企业绩效的影响不显著。创新能力也未被证明间接影响吸收能力和企业绩效。实践启示是，中小企业主应该发展吸收能力，以达到、吸收和获取新知识，以实现更好的中小企业绩效。同时，创新能力并不会自动提高中小企业的绩效。中小企业要想在新常态下生存下去，就必须做出罕见、独特、难以模仿的创新。Jel: d81, m13, o31。【摘要】新常态下，新冠肺炎疫情即将到来。吸收能力和创新能力决定了企业绩效。Penelitian ini melibatkan 189 pemilik UMKM kreatif di Kota Malang。彭甘比兰抽样，孟古纳坎比例随机抽样。彭普兰的数据显示，彭普兰的数据显示，彭普兰的数据显示，彭普兰的数据显示，彭普兰的数据显示。利用高阶构造分析蒙古那坎数据的偏最小二乘。吸收能力对企业绩效有显著影响，而企业绩效对创新能力有显著影响。因此，创新能力对企业绩效的影响是显著的。创新能力，吸收能力，经营绩效，创新能力，创新能力。孟山都的吸收能力，孟山都的吸收能力，孟山都的吸收能力，孟山都的吸收能力，孟山都的吸收能力。创新能力，创新能力，创新能力，创新能力。UMKM成员bubutuhkan upaya ekstra untuk menghasilkan inovasi yang langka, unik, dansuit ditiru untuk bertahan di era normal yang baru。卡塔昆慈:吸收能力、创新能力、经营绩效、中小企业、新常态。
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