Business In Indonesia Research Articles

A Study Of Sustainable Marketing After Pandemic Era In Indonesia

The present study reports the first comprehensive study about rebuilt the business resilience is very important to achieve the rise healthcare industry especially hospital, because of their important role in the national economy. Most business organizations in Indonesia have experienced disruption caused by the covid-19 pandemic, not a few have ended up bankrupt and unable to survive. This research aims to formulate a framework for hospital marketing and business revival during and after a crisis like covid-19. The aim of this research is to analyze the influence of perceived benefits and culture in affecting clean and healthy living behaviors (PHBS) for patients, with the mediation of religiosity. This study is classified as quantitative research aimed at testing hypotheses statistically. The research subjects are drawn from 150 patients in a shariah hospital using survey research, resulting in the in-patient informant from two group of moslem hospitas group with the questionare. The research findings indicate that perceived benefits and culture, have significant impact on religiosity and PHBS. Religiosity plays a mediating role connecting perceived benefits and culture to PHBS in the shariah hospital. It is hoped in the future that hospital can restore their business conditions and be able to revive after the pandemic with the sustainable marketing.

Analysis Of Glass Ceiling And Sustainable Business Optimization For Women Entrepreneurial Careers

These study reports the comprehensive study about rebuilt the business resilience is very important to achieve the rise industry, with women entrepreneurs because of their important role in the rising of national economy. Most business organizations in Indonesia have experienced disruption caused by the covid-19 pandemic, not a few have ended up bankrupt and unable to survive. For this reason, businesswomen need to manage marketing activities with adaptation and flexible innovation in accordance with the potential of MSMEs through current agile business and marketing strategy. This research aims to formulate a framework for business revival after a crisis such as Covid-19. It is hoped that this research can provide input regarding effective procedures for business organizations in dealing with business disruption for women business owners. This research aims to formulate a framework for business women entrepreneurs’ revival during and after a crisis like covid-19 with qualitative method. A qualitative descriptive approach was used in this research to obtain an overview of the situation experienced by MSMEs. The data collection methods used were interviews, observation, and documentation, using a purposive sampling method in selecting research sources. Source triangulation and technique triangulation methods were used in this research to ensure data validity. The data source for this research is 10 female business MSME owners in Tangerang Banten Indonesia. The results of this research show that agile, adaptation, and innovation, can be used as solutions to deal with business disruption and solutions in business optimization

The Influence of Implementing Risk-Based Business Licensing (OSS RBA) on Investment Growth in the Food and Beverage Services Subsector in Medan City

This research examines the business growth of the Food and Beverage Services subsector in Medan City along with the implementation of the Risk-Based Licensing System (OSS RBA) in Indonesia. OSS RBA based on the Standard Qualifications for Indonesian Business Fields (KBLI) aims to increase the Ease of Doing Business (EoDB). However, the application of top-down OSS RBA with the Business Identification Number (NIB) carries the potential for abuse. This research analyzes the factors (Starting a Business, Electricity Connection, Tax Payments, Building Permits, Access to Credit, and Protection of Minority Investors) that influence the Growth of Food and Beverage Services Investment in Medan City. The results of the Confirmatory Factor Analysis (CFA) show three significant factors: Protection of Minority Investors, Starting a Business, and Access to Credit. Obstacles include the NIB scale not being by local spatial planning and changes in the issuance of risk permits between the Central and Regional Governments. It is hoped that this research will provide insight into the implementation of OSS RBA and investment growth in the Food and Beverage Services sector.

Reconstruction of the Role of the Financial Services Authority in Overcoming Fraud in the Business Sector in Indonesia

The objective of this study is to investigate how the Financial Services Authority (OJK) is actively tackling fraud within the Indonesian business community. Fraud is a criminal act that poses a significant threat to corporate finances and undermines public confidence, ultimately jeopardizing the credibility of financial markets. Therefore, this research focuses on analyzing the role of the OJK in detecting, preventing, and overcoming fraudulent practices in the business environment. The research results indicate that the OJK's role should be reconstructed by increasing inter-agency cooperation, strengthening regulations, and implementing innovative financial technology. This research highlights the importance of enhancing OJK's capacity in several key areas such as fraud detection, employee training, and promoting awareness among stakeholders. It is essential to increase transparency, accountability, and active involvement of the private sector to mitigate the risk of fraud.

Catalyzing Change: Unleashing the Power of Artificial Intelligence in Indonesian Business

Artificial Intelligence (AI) has become a transformative force in the modern business world. This research analyzes the impact of AI adoption in businesses, focusing on the Indonesian business context. We combine literature analysis, cross-sector case studies, and interviews with business stakeholders. The research findings indicate that AI has shifted the business paradigm in Indonesia by enhancing operational efficiency, altering traditional business models, and supporting better decision-making. Challenges related to algorithmic bias and AI ethics are also identified. The implications of this research include the need for thoughtful management of AI adoption, collaboration with regulators, and increased education and awareness regarding social impact and ethics. Further research can deepen the understanding of AI's impact in diverse business contexts in Indonesia. This research provides a solid foundation for understanding AI's role in modern business, bridging the global and local dimensions to detail the impacts, challenges, and opportunities faced by organizations adopting this technology.

RECONSTRUCTION OF EMPOWERMENT-BASED MARKETING PERFORMANCE RECOVERY FOR MICRO AND SMALL BUSINESSES IN INDONESIA

The Covid-19 pandemic has made most economic sectors, especially micro and small enterprises, stagnant and even bankrupt. This situation is what makes micro and small business enterprises change their sales strategy through digitalization schemes. The Covid-19 pandemic has indirectly prompted new changes in Indonesia's business style. Social media and marketplaces can become a new concept to make it easier for micro and small business actors to get more comprehensive marketing access. This study aims to initiate an ideal digital marketing adoption model for micro and small enterprise to restore economic conditions to their original state. The research method is an exploratory qualitative approach using primary data obtained from observations and interviews. The sampling technique used purposive sampling with the criteria of the sources being micro and small business actors assisted by the Department of Cooperatives and SMEs of Semarang, Surakarta, Grobogan, Pemalang, Purworejo. The flow of research analysis is data collection, data reduction, data presentation, and concluding. The results of this study indicate two alternative solution models, including training and startup development and training and scaleup development. The urgency of this research allows the government to carry out single submission online program management to minimize errors and monitor program progress. This solution model is expected to be a role model based on ta'awun (mutual relations) for other provincial governments in empowering micro and small business actors to become more optimal based on appropriate technology.

CHARACTERISTICS OF INDIRECT EVIDENCE TOWARDS PRICE FIXING AGREEMENTS IN THE PERSPECTIVE OF COMPETITION LAW

In the ever-changing landscape of Indonesian business, the pursuit of profits drives actors to engage in intense competition, all regulated by the Business Competition Law. This unique legal field combines both conventional law and economics to address unfair business practices, such as agreements that manipulate prices to deceive consumers. This research focuses on the characteristics of indirect evidence utilized by the Business Competition Supervisory Commission (KPPU) when investigating cases of price-fixing. The goal is to gain a deeper understanding of the legal implications of using indirect evidence within the procedural framework of Business Competition Law in Indonesia. To achieve this, a Normative Research method is employed, utilizing a multi-faceted approach. Through case analysis, statutory examination, conceptual exploration, and comparative study, the research explores patterns, legal frameworks, theoretical concepts, and perspectives from different jurisdictions, all related to the use of indirect evidence in the context of price fixing. The results revealed that Indirect evidence, classified as clue evidence under Perkom No. 1 Of 2019, encompasses communication and economic evidence. When direct evidence is lacking, these components, including documents or electronic information, play a crucial role in proving allegations of price-fixing. The legal implications of indirect evidence in the Indonesian competition law evidentiary system highlight its widespread use in resolving cases. However, there is a legal gap that poses challenges to the admissibility of indirect evidence in court proceedings. This emphasizes the need for legal reforms to effectively accommodate the role of indirect evidence.

Navigating Economic Landscapes: Strategic Insights Amidst the Pandemic and Beyond

The issue summarizes a series of research studies related to Islamic economics and finance. The first study focuses on the impact of the COVID-19 pandemic on economic growth in Muslim and non-Muslim countries, highlighting the differing effects of mobility restrictions and other pandemic-related factors. Other studies examine topics such as factors influencing foreign direct investment in Muslim countries, zakat compliance among Indonesian business owners, the integration of Bitcoin within the Indonesian monetary system, and the impact of fintech on charitable giving practices among millennials in Java. Additionally, research on Islamic banking performance, management accounting information system quality in Islamic banks, and strategic recommendations for the economic sustainability of business units within Dayah in Aceh are discussed. This issue also covers studies on halal service performance, challenges faced by halal-certified MSMEs, impulsive buying behaviors among Generation Z in Aceh, a Falah-based welfare index, cultural values as an anti-fraud strategy in Islamic schools, and the optimization of Hajj finance in Indonesia through the role of Wakalah contracts. The studies employ rigorous methodologies to achieve their objectives and their findings offer valuable insights with significant implications for the field of Islamic economics and finance, including areas like Islamic banking performance, halal service performance, and the optimization of Hajj finance.

The Determination of Relevant Market on Islamic Financial Services Sector: Perspective of Indonesian Business Competition Law

Abstract: After promulgation of Act Number 4 of 2023 concerning the Development and Strengthening of Financial Sector, sharia financing service businesses consisting of Sharia Banking, Sharia Public Economic Banks and Sharia Microfinance Institutions (LKMS) have financing products that tend to be the same. This is related to the definition of the relevant market in Act Number 5 of 1999 concerning the Prohibition of Monopolistic Practices and Unfair Business Competition. This study aims to analyze the relevant market and to find potential of anti-competitive behavior in the financial services business. It is a normative juridical research using qualitative analysis. The method is summarized by examining regulations and doctrines related to Indonesian Business Competition Law. The results of this study explain that Sharia Banking, Sharia Public Economic Banks, and LKMS have same relevant market because the only difference is the financing scale. The Sharia Banking as dominant sector can influence the climate of business competition. Based on CR4 theory, the market concentration ratio in the Islamic financial services sector is a market that leads to loose oligopoly. There needs to be a limitation on the scale of financing regarding the maximum value of financing in Sharia Banking area and how much is in the area of LKMS to reduce the potential for abuse of dominance. But, rule of reason approach is still needed to find out the occurrence of violations caused by corporate action. The rule of reason approach used to assess corporate actions is in accordance with the maslahah mursalah concept. Abstrak: Pasca diundangkannya Undang-Undang Nomor 4 Tahun 2023 tentang Pengembangan dan Penguatan Sektor Keuangan, pelaku usaha jasa pembiayaan syariah yang terdiri dari Perbankan Syariah, Bank Perekonomian Rakyat Syariah, dan LKMS mempunyai produk pembiayaan yang cenderung sama. Mereka masih merupakan satu kesatuan dari iklim persaingan atau pasar yang bersangkutan. Hal ini terkait dengan pengertian pasar bersangkutan dalam Undang-Undang Nomor 5 Tahun 1999 tentang Larangan Praktek Monopoli dan Persaingan Usaha Tidak Sehat. Penelitian ini bertujuan untuk menganalisis pasar bersangkutan dan mengetahui potensi perilaku anti persaingan pada bisnis jasa keuangan. Penelitian ini merupakan penelitian yuridis normatif dengan menggunakan analisis kualitatif. Metode tersebut dirangkum dengan mengkaji peraturan dan doktrin terkait Hukum Persaingan Usaha Indonesia. Hasil penelitian ini menjelaskan bahwa Perbankan Syariah, Bank Perekonomian Rakyat Syariah, dan LKMS mempunyai pasar bersangkutan yang sama karena yang membedakan hanyalah skala pembiayaannya. Perbankan Syariah sebagai sektor dominan dapat mempengaruhi iklim persaingan usaha di sektor jasa keuangan syariah. Berdasarkan teori CR4, rasio konsentrasi pasar pada sektor jasa keuangan syariah adalah pasar yang mengarah pada oligopoli longgar. Perlu adanya pembatasan skala pembiayaan terkait nilai maksimal pembiayaan yang menjadi wilayah Bank Syariah dan berapa yang menjadi wilayahnya LKMS untuk mengurangi potensi penyalahgunaan posisi dominan. Namun demikian, pendekatan rule of reason tetap diperlukan untuk mengetahui terjadinya pelanggaran yang diakibatkan oleh suatu aksi korporasi. Adapun pendekatan rule of reason yang digunakan untuk menilai aksi korporasi telah sesuai dengan konsep maslahah mursalah dalam Hukum Islam.

ANALYZING NEGATIVE ADVERTISEMENTS FROM LEGAL FRAMEWORK IN INDONESIA AND THE IMPACT ON INDONESIA BUSINESS

<p><em>Negative advertisement has been a marketing strategy in Indonesia’s business world. However, the debate around this strategy has occurred due to divided opinion. While several parties agreed that it is a common practice, others are against negative advertisements since the impact will corrupt the vision of a sustainable economy in Indonesia entirely and have negative impacts on the development of Indonesian business. This research analyses the legality of negative advertisements in Indonesia in various contexts, such as Consumer Protection Law, Information and Electronic Transaction Law, and Fair Business Competition Law.</em></p><p><em>Later, the research will discuss the impacts of existing laws on negative advertisements and recommendations on how to tackle the negative impacts of negative advertisements. Finally, the research is done by the normative-judicial method. It explores the element of law-sociology to explain the phenomenon of negative advertisement and the future impacts due to the flaws of existing laws.</em></p>

PENGARUH SOCIAL MEDIA MARKETING TERHADAP KEPUTUSAN PEMBELIAN PRODUK CAMILLE PADA GENERASI Z DI SURABAYA

Internet quality improvement in Indonesia made Indonesian people used social media more frequently. One of the most used social media is Instagram. This is a chance for Indonesian business owner to do online marketing using Social Media Marketing. One brand that use social media marketing actively is Camille. Social media marketing are expected to improve communication between brand and consumer. Good brand communication will increase the brand purchase decision. Social media marketing process includes 3 main indicator that is Content Creation , Content Sharing, dan Connecting. The effectiveness of those 3 indicators will have significant impact on brand purchase decision. This study wants to test about the effect of social media marketing on purchase decision of Camille in Z generation in Surabaya. The data in this study are collected using google form with 100 total sample. Analysis Technique that used in this study are double linear regression, classic assumption test, F test, t test, and hypothesis test. Result shows that social media marketing has significant impact on purchase decision Camille product

The Effect of Audit Quality, Auditor Independence, and Financial Reporting Transparency on Internal Control Effectiveness: A Case Study of a Public Company in Indonesia

This study investigates the intricate dynamics of corporate governance in publicly traded companies in Indonesia, focusing particularly on the interaction of Audit Quality, Auditor Independence, Financial Reporting Transparency, and Internal Control Effectiveness. The present study showcases the development of a comprehensive measurement model, hence offering empirical support for the reliability and validity of the chosen constructs. The utilization of structural equation modeling reveals statistically significant positive correlations, indicating that heightened levels of Audit Quality, Auditor Independence, and Financial Reporting Transparency are associated with enhanced Internal Control Effectiveness. The model fit assessment confirms the adequacy of the proposed structural equation model in capturing the observed covariance structure. The explained variance in Internal Control Effectiveness highlights the substantial impact of these governance elements. These findings offer valuable insights for stakeholders and policymakers seeking to fortify corporate governance practices in the Indonesian business landscape.

The Implementation of Pre Merger Notification in the Law Concerning the Prohibition of Monopolistic Practices and Unfair Business Competition

This paper examines the consequences of the post-merger regime in Law No. 5/1999 concerning the Prohibition of Monopolistic Practices and Business Competition. This research uses the normative juridical method and comparative approach, comparing the American Antitrust Law which has successfully implemented the pre-merger notification with the Indonesian Business Competition Law which implements the post-merger notification. The results of this study indicate that the importance of implementing the Pre Merger Notification in the Law Concerning Prohibition of Monopolistic Practices and Unfair Business Competition is viewed in a comparison with the success of the Antitrust Law America and supported by the dynamics of globalization of the Industrial Revolution 4.0 which became a challenge for the Business Association Supervisory Commission. Thus, the regime change from Post Merger Notification to Pre Merger Notification is the right step in implementing a merger in Indonesia because Pre Merger Notification provides legal certainty and is also more efficient for business actors and KPPU as a preventive effort with the aim that the implementation of Pre Merger Notification will be carried out optimally in achieving the goal of fair business competition.
 

Prohibition of Concurrent Position of Commissioner of State-Owned Enterprises Reviewed Under Indonesian Business Competition Law

One of the assessments of the dominant position of a business actor can be conducted based on the affiliation relationship of the business actor with other business actors, where the affiliation relationship regulated in Law of the Republic of Indonesia Number 5 Year 1999 on the Prohibition of Monopolistic Practices and Unfair Business Competition is concurrent positions and cross-shareholdings. Concurrent positions are prohibited when a person holds positions as directors or board of commissioners in two or more companies at the same time, where the companies are in the same relevant market, have close links in the type and/or field of business, or together can control the market share of certain services and/or goods. Legal issues regarding the concurrent position of members of the board of commissioners of BUMN arose during the enactment of Permen-BUMN PER-10/MBU/10/2020, which allows members of the board of commissioners of BUMN to hold concurrent positions under certain conditions. This is normative legal research that examines the prohibition of concurrent positions of BUMN commissioners in terms of business competition law in Indonesia.

Effect of Cash Conversion Cycle on Company Profitability: A Study on Indonesian Food and Beverage Listed Companies

The Indonesian Food and Beverage industry is a dynamic and pivotal sector in the Indonesian business ecosystem, contributing significantly to the nation's economic growth and reflecting its cultural diversity. This paper delves into the relationship between the Cash Conversion Cycle and the profitability of Indonesian Food and Beverage listed companies. By examining this intricate connection, the study aims to provide valuable insights for financial managers, policymakers, investors, and researchers within this sector. This study used panel data regression with a purposive sampling method with a total of 687 samples that spans from 2007 until 2022. Data processing in this study uses Eviews 9. The research adopts Gross Profitability as a precise measure closely linked to working capital management and tests hypotheses related to the Cash Conversion Cycle components, including Days of Inventory Outstanding, Days of Sales Outstanding, and Days of Payable Outstanding. The findings reveal that Days of Sales Outstanding significantly and negatively impacts Gross Profitability, emphasizing the importance of efficient accounts receivable collection for profitability. Days of Inventory Outstanding, while marginally significant, also shows a negative association with Gross Profitability. In contrast, Days of Payable Outstanding does not exhibit statistical significance in explaining variations in Gross Profitability. These insights provide valuable guidance for managers in optimizing working capital management. Moreover, the paper recommends future research directions, including long-term analysis, industry-specific exploration, the influence of macroeconomic factors, comparative studies, and qualitative research to deepen our understanding of the Cash Conversion Cycle 's role in the Indonesian Food and Beverage industry and enhance financial management practices.

Measurement of IT Governance Capabilities Using COBIT 2019 in the Indonesian Business Sector

The Indonesian business sector uses information technology to support private, business, and governmental decision-making. However, there are problems with IT implementation, such as a weak Business Continuity Plan, a lack of change testing procedures, and insufficient project review activities. Utilising the COBIT performance model based on COBIT 2019, this study seeks to evaluate the IT governance of the Indonesian business sector. The chosen domains are BAI05 (Managed Organizational Change), BAI06 (Managed IT Changes), and BAI07 (Managed IT Change Acceptance and Transitioning). According to the results, BAI05 scored level 2 (90.6%), BAI06 scored level 2 (80.3%), and BAI07 scored level 2 (87%) respectively. Level 3 (78%) is where BAI07 falls short and needs to be improved. Following a set timeline, recommendations will be implemented once they have been approved by SM Innovation & Digital Transformation and Manager Innovation & IT Project Management in the Indonesian Business Sector.

Measurement of IT Security Governance Capabilities Using COBIT 2019 at Indonesian Business Sector

IT governance implementation in companies has occurred in the enterprise sector up to the BUMN scale. As stated in the Regulation of the Minister of Foreign Affairs Number 2 of 2013, Article 2(1) binds the business world. In the corporate sector, there are IT security issues. The measurement process uses the COBIT 2019 framework. The measurements taken will provide an analysis of the capacity level and gaps. Data was collected using quantitative (questionnaire) and qualitative (documentary studies and interviews) methods. The three relevant subdomains to measure are APO12 – Risk Management, APO13 – Managed Security, and DSS05 – Managed Security Services. The results of the capacity measurement show that the APO12 subdomain is at level 2, APO13 is at level 2, and DSS05 is stopped at level 2. These results indicate that there is a gap in the DSS05 subdomain. The results obtained show recommendations for improvement and level increase, especially in the DSS05 subdomain. The enterprise sector needs improvements in endpoint security policies, access policies, and event logs in IT incidents.

Determinant Analysis of Muslim Communities Consuming Products Halal Labeled in Bangkalan Regency

Products labeled halal are products that have been declared halal according to Islamic law and stipulated by the Ministry of Religion through the Halal Product Assurance Agency (BPJPH) based on the results of an inspection by LPPOM MUI of the product in question, with this product labeled Halal it can meet market demands (consumers). ) universally. So if these demands can be met, economically, Indonesian business people will be able to become hosts in terms of the products being marketed. Not only that, having products labeled halal can protect the faith of consumers, especially those who are Muslim. This means that with labeling, Muslim consumers will no longer hesitate to consume something they need.Researchers used a Quantitative approach to conduct this research. This study aims to find out what factors influence Muslim communities to consume products labeled halal in Bangkalan Regency. There are several factors that can influence Muslim consumers to consume the halal label, such as religious factors, psychological factors, family factors, role and status factors, social factors, and cultural factors. The results of this research later we can find out what factors are more prominent among several existing factors that make the Muslim community in Bangkalan Regency consume products with a halal label.The results of this study from the ten initial factor variables used in this study, after analysis using factor analysis, three new factors were formed, namely: factor 1 is called the credibility factor, with the 3 members being religion, role and status, and social culture. Factor 2 is named as the knowledge factor, with the 5 members being Psychological, Family, Needs, Recommendations, Knowledge. Factor 3 is called a lifestyle factor, with the 2 members being health and lifestyle

Determinant Analysis of Muslim Communities Consuming Products Halal Labeled in Bangkalan Regency

Products labeled halal are products that have been declared halal according to Islamic law and stipulated by the Ministry of Religion through the Halal Product Assurance Agency (BPJPH) based on the results of an inspection by LPPOM MUI of the product in question, with this product labeled Halal it can meet market demands (consumers). ) universally. So if these demands can be met, economically, Indonesian business people will be able to become hosts in terms of the products being marketed. Not only that, having products labeled halal can protect the faith of consumers, especially those who are Muslim. This means that with labeling, Muslim consumers will no longer hesitate to consume something they need.Researchers used a Quantitative approach to conduct this research. This study aims to find out what factors influence Muslim communities to consume products labeled halal in Bangkalan Regency. There are several factors that can influence Muslim consumers to consume the halal label, such as religious factors, psychological factors, family factors, role and status factors, social factors, and cultural factors. The results of this research later we can find out what factors are more prominent among several existing factors that make the Muslim community in Bangkalan Regency consume products with a halal label.The results of this study from the ten initial factor variables used in this study, after analysis using factor analysis, three new factors were formed, namely: factor 1 is called the credibility factor, with the 3 members being religion, role and status, and social culture. Factor 2 is named as the knowledge factor, with the 5 members being Psychological, Family, Needs, Recommendations, Knowledge. Factor 3 is called a lifestyle factor, with the 2 members being health and lifestyle

Millennial Generation Organizational Commitment and Employee Loyalty Study in Indonesia: A Review

The millennial generation started to partake in Indonesia's Economy, and they are playing an important role, especially after the recent development of Indonesia’s economy. On the contrary, it is still commonly found that Indonesia's business sector is still questioning about millennial generation's organizational commitment and loyalty, simply based on how “different” the millennial generation is compared to its predecessor. This point of view is mainly credited to a lack of understanding of Indonesia’s millennial generation and this phenomenon simply happened because this issue is not gained enough interest among academicians and experts in Indonesia. This paper aims to provide a thorough review of this topic by encompassing several studies on millennials, focused on commitment and loyalty, mainly from recent studies. With this review, it has become important to give the millennial generation organizational commitment and loyalty study, scholarly attention. In all ways, the millennial generation is different and could play an important role in Indonesia’s economy. Not only as a market but as a human capital and this study urges researchers to find millennial uniqueness, integrating them into organizations and managing their organizational commitment and loyalty, after all, with the recent economic shift it is about time this generation will become an integral part of Indonesia’s economic development.