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Purpose Stimulating new business creating has been a decisive issue and the Indonesian Government is responding to this issue by providing entrepreneurship programs for Islamic students. This study aims to examine the impact of Islamic values and entrepreneurship education to predict Islamic students’ intention for business, as well as investigates the mediating role of entrepreneurial inspiration and attitudes. Design/methodology/approach The study estimates primary data obtained from a sample of 381 Islamic boarding students in a selected area in Indonesia who incorporated entrepreneurial education and practices. In addition, structural equation modeling has been incorporated to answer the hypotheses raised in the research. Findings The findings strengthen the study of the influence of Islamic values that affects both directly and through inspiration and motivation on students’ entrepreneurial intentions. Additionally, it found the direct and indirect influences of entrepreneurship education on intentions for entrepreneurship through inspiration and motivation. Research limitations/implications This study has been cramped to draw a limited geographical area in Indonesia and the research’s implication is used for relevant themes in Islamic entrepreneurship. Practical implications The findings of this research give insights to promote students’ entrepreneurial intention from Islamic schools. Social implications The findings of this study offer a broader knowledge to enhance entrepreneurs through economic education in Islamic boarding schools. Originality/value These results provide insights into the important effects of Islamic values, particularly in the context of Islamic boarding schools. The findings suggest that Islamic values be an important contextual factor for Islamic boarding school students’ entrepreneurial intentions.

— The research objective to analyzes the contribution of the primary and secondary sectors to the GRDP of Madiun Regency, analyzes the direction of the relationship between the primary and secondary sectors toward economic growth and analyzes the effect of the contribution of the primary and secondary sectors on the economic growth of Madiun Regency in 2014 - 2018. The data used in this study are (1) Gross Regional Domestic Product (GRDP) aggregate primary and secondary sectors/sub-sectors is the total value added (products) generated by various primary and secondary sectors/sub-sectors which has carried out business or activities in an area without regard to the selection of production factors for the data of 2014 - 2018 (2) GRDP based on the prevailing prices of the primary sector and the secondary sector of Madiun Regency based on the field of business data in 2014 - 2018. Research results that (1) The contribution of the primary sector which contributed the first is the agriculture, forestry and fisheries category, followed by mining and quarrying in Madiun Regency. (2) The contribution of the secondary sector which contributed the first is the construction category, followed by the processing industry, water supply and the lowest is electricity, gas procurement in Madiun Regency. (3) The direction of relations of each sector is positive. (4) Partially, each sector does not significantly influence the rate of economic growth in Madiun Regency. (6) Simultaneously the primary and secondary sectors have a significant effect on economic growth variables in Madiun Regency in 2014-2018. Keywords—: Primary Sector; Secondary Sector; Economic Growth; Madiun Regency.

— The number of MSMEs in Indonesia as of 2016 was 57,895,721 units with a contribution of GDP of 60.34% and absorbing employment of 96.99% with the dominance of micro-enterprises at 98.77% (Barnas, 2016). Behind its large contribution to GDP, MSMEs can be a pillar of a strong economy, but face a pile of obstacles. The problems faced in general and nationally are still around the low quality and standardization of products, low capability and quality of human resources, low ability to improve access to finance, less and minimal product innovation touched by technology, difficult regulation and licensing, difficulties in wider market access and many other obstacles. This was also experienced by SMEs in Glonggong Village, Dolopo Subdistrict, Madiun Regency, where in this village was the center of Tempe Chips craftsmen. Priority there are 3 (three) basic problems faced, namely limited product marketing, Performance Products (product display) that are still very simple, not having a product identity (brand) and capital (not bankable). the solution offered is in the form of socializing the importance of the brand as a product identity, training in the preparation of simple financial reports for MSMEs and strategies to penetrate the broader market through packaging innovation.

Madiun Regency is one of the districts in the western part of East Java which has a very strategic location as a transit city. Then the tertiary sector has a big role / contribution to Gross Regional Domestic Product / PDRB which certainly affects economic growth. This research was carried out in order to: (1) Identify the leading sectors of the tertiary sector in Madiun Regency. (2) Reviewing the contribution of tertiary sector to PDRB of Madiun Regency. and (3) Assessing the base sector which can be used as a mainstay for economic development in Madiun Regency, especially the tertiary sector in 2019 and in the future. The results of research using the analysis of Location Quotient (LQ) are (1) The tertiary sector of Madiun Regency is included in mainstay, superior and prospective criteria. (2) The superior potential of tertiary sector Madiun Regency are the information and communication sector, real estate, education services and health services and social activities. Based on analysis of contribution to the Gross Regional Domestic Product / PDRB of tertiary sector that has largest contribution is the financial and insurance services sector; second is the information and communication sector; and third is government administration, defense and social security is mandatory. Keywords—: Tertiary; Superior Product; Location Quotient (LQ); Contribution; Madiun Regency.

Purpose of the study: This paper is intended to understand the investment pattern for formal workers in Indonesia. Thus, it is also aimed to provide a specific form of variable construction of productive financial management for workers. Methodology: This study followed qualitative research by emphasizing the active interaction of the subject and the object of researchers in the form of a discussion to determine the ideas or basic reference model of productive financial management, specifically and focus on each individual form in which the organization is located. The data were gathered using in-depth interviews with respondents in the category of civil servants, state-owned and private employees with lower, middle, and upper-level segregation of interests and reasons for making investment decisions. Main Findings: The findings showed that the investment decision making for formal sector workers are motivated by benefits and financial security in the future. Their investment decision also considers the income received by individuals in each type of institution. Lastly, technology contributes to change investors’ economic behaviour. The ease of getting information strengthens the motivation of formal sector workers in productive financial management. Applications of this study: This study provides an investment decision model for formal workers that can be considered ways to enhance the individual understanding of investment. Novelty/Originality of this study: This study aims to contribute to this growing area of research by exploring investment patterns for formal workers then propose a financial management model for workers.

Purpose: The main purpose of this study is to explain the role of parents in teaching business management to their children from an early age for the success of family business succession. Methodology: It was a qualitative study and data were collected by observation, in-depth interviews, and documentation. The focus of this study was the succession process of the PekalonganBatik business analyzed from the entrepreneurial learning perspective. Interview questions focused on entrepreneurial learning and how parents teaching business management. Interviews conducted into 6 Informants. Each interview took between 35 – 45 minutes. Main Finding: The results of this study showed that parents usually introduced business management to their children from an early age. They made their children involved in the business to know about the planning, producing and marketing of Batik cloths. The indicators of giving entrepreneurial learning to children are involving them in business activities; they learned to manage the business by doing those activities at their parents’business. Implications/Applications: This study can be useful for another batik enterprises center to guidelines for succession. Novelty/Originality: This research was to explore the parents to involve their children from an early age to help manage businesses in preparation for business succession.

PurposeThis article aims to understand how social enterprises adopt crowdfunding in digital humanities by investigating the mission drifting, risk sharing and human resource practices.Design/methodology/approachThis exploratory study uses a qualitative method by observing five different social ventures in Indonesia. The case study involves observation of social enterprises that concern digital humanities projects and interviews with those who manage the crowdfunding for financing the projects as the key respondents. The analysis uses an interpretative approach by involving the respondents to explain the phenomena.Findings(1) Adopting the crowdfunding platform encourages social enterprises to reshape social missions with more responsive action for digital humanities. (2) Crowdfunding allows social enterprises to share the risk with stakeholders who focus on fostering the social impact of digital humanities. (3) Crowdfunding stimulates social enterprises to hire professional workers with flexible work arrangements to attract specific donors and investors.Originality/valueThe result extends the principles of social enterprises by introducing some concepts of crowdfunding in digital humanities. This study also explains the boundary conditions of digital humanities projects and how crowdfunding can support the projects by adopting the principles of the social enterprise that works on digital humanities projects.

This study is based on the importance of economic learning based on Pancasila values and Article 33 of the Indonesian 1945 Constitution. Learning must be presented in accordance with the basic characteristics and values that exist in Indonesia. Tudang sipulung as a form of culture group communication is found in Indonesia, especially for the Bugis-Makassar ethnic. Communication in the Tudang sipulung is a very important part of the role of the group meaning in the decision making process, the formation of attitudes, and human behavior in formulating a decision. There must be awareness and efforts to restore economic education in accordance with Indonesia's identity, namely the Pancasila economy. The purpose of this study is to identify problems and analyze the needs of economic learning and develop the design of Pancasila economic learning. This study uses a design-based research (DBR) method. The results of the study explained that: 1) Tudang sipulung give changes to the way of critical thinking, attitudes and actions of students. 2) The realization of interaction in the family and togetherness with the form of deliberation through the FGD setting on the Tudang sipulung.

This study intended to review how the entrepreneurial learning was done in the level of tertiary education and to contribute thoughts in the form of recommendations of how the maximal effort in entrepreneurial learning should be implemented so that students would have strong entrepreneurial attitudes to compete in industrial revolution era 4.0. This case study was done in two colleges of Yogyakarta and Surakarta cities in Indonesia by involving 183 students to fill the first survey and 20 students to do an in-depth interview. A grounded-theory model was applied as an approach to investigate the current form of entrepreneurial learning applied by the lecturers, how the entrepreneurial attitudes were instilled in class, the suitability of the learning model to the current generation, and views of the appropriate entrepreneurial learning model for the current generation. The result showed that entrepreneurial learning had been 51.91% taught in the form of theories, hence the entrepreneurial learning was not yet optimally felt by the students. They also revealed that the model of learning applied by their lecturers in entrepreneurial learning was not yet suitable for the development of the current generation. The students wanted the portion of theoretical material in entrepreneurship learning to be reduced, and develop it to practical learning, business internship and training involving digital information technology and online social media. With such learning, the students would get better entrepreneurial attitudes. https://doi.org/10.26803/ijlter.18.9.5

Purpose: The aim of this study is to test the hypothesis about the effect of corporate governance and premium growth in the performance of insurance companies in Indonesia. The growth rate of insurance premiums has decreased throughout 2016, followed by a decline in performance mainly influenced by poor corporate governance. Design/Methodology/Approach: By comparing different studies we try to come to a conclusion regarding the effect of corporate governance and premium growth in the performance of insurance companies. Some previous research stated that corporate governance does not positively affect the performance of these companies. Others, have found that growth in premiums, capital growth, returns, claims ratios, and types of capital affected the growth of life insurance company assets, while the ratio of acquisition costs, administrative cost ratios, and capital did not significantly affect the growth of life insurance company assets in Indonesia. Findings: There is a positiveThe findings in this study are the research framework which states that The Effect of Corporate Governance and Premium Growth on the Performance of Insurance Companies in Indonesia with company growth as mediation. Practical Implications: Findings of this study can be used by insurance companies as a study material to improve their performance. Originality/Value: The research hypotheses tested as they have been generated from the research framework., peer-reviewed

Learning in the education era 4.0 requires strengthening skills in reaching the golden generation of 2045. According to the STEM Team (2019), there are three core skills of the 21st century, which is the era of education 4.0. These are: 1) character quality consisting of religiosity, nationalism, independence, mutual cooperation and integrity; 2) basic literacy consisting of language, numeracy, scientific, digital, financial and cultural literacy and citizenship; and 3) competencies consisting of critical thinking, creativity, communication and collaboration. To achieve these skills, an appropriate evaluation tool is needed which is tailored to these characteristics. One evaluation model that can be developed is STEM-based evaluation. Rahmatina (2020) states that STEM is learning that integrates science, technology, engineering and mathematics. This study aimed to develop a STEM-based evaluation tool that fits the characteristics of the education era 4.0. Development research methods were used. Borg & Gall (1983: 775) described the stages carried out, namely research and information collecting, planning, developing preliminary forms of the product, preliminary field testing, main product revision, main field testing, operational product revision, and dissemination and implementation. Keywords: STEM, Evaluation Tools, Economic Learning

This study aims to examine and analyze the relationships between motivation shopping value, repurchase intention, and customer satisfaction on Lazada Indonesia’s ecommerce consumers in Malang City. The population of this research is Lazada Indonesia consumers who are of productive age (19-34 years old) in Malang City and the number of samples obtained following the research criteria is 100 correspondents. Sample selection is done by the non-probability sampling technique with the purposive sampling method. The research instrument used was a questionnaire that was analyzed using smartPLS 2.0 software. The results of this study indicate that utilitarian shopping value and hedonic shopping value have a direct effect on customer satisfaction and repurchase intention. Meanwhile, indirectly hedonic shopping value did not affect repurchase intention through customer satisfaction.

Higher education institutions such as universities in the era of technology and information required to improve services in the field of education by using information technology quickly and precisely, so the college can improve its performance. Especially in terms of services in the academic field and as motivate colleges to transform the structure and strategy of development of educational facilities and prerequisites in order to become a superior higher education institutions, making progress, able to compete and trusted by stackholder.The purpose of this study were (1) To analyze the influence of tangible, reliability, responsiveness, assurance and empathy variable partially on student satisfaction of library service user of Universitas Merdeka Madiun. (2) To analyze the influence of tangible, reliability, responsiveness, assurance and empathy variable simultaneously toward student satisfaction of library service user of Universitas Merdeka Madiun. The result of research show that (1) Tangible partially affect the satisfaction of students of central library user of Universitas Merdeka Madiun. (3) Partial responsiveness affects student satisfaction of library user of University of Merdeka Madiun University (4) Assurance partially has no effect on student satisfaction of library user of University of Merdeka Madiun. (5) Emphaty partially affect student satisfaction of library user of University of Merdeka Madiun and (6) Tangible, reliability, responsiveness, assurance and emphaty simultaneously influence student satisfaction of library user of University of Merdeka Madiun. Keywords: Tangible, Reliability, Responsiveness, Assurance, Emphaty, Satisfaction

At present the world is entering the era of industrial revolution 4.0 which is closely related to information technology on the basis of human life (Kemenristekdikti, 2018a). With these changes, of course the world of education must also immediately respond to these changes. The steps that can be taken is by integrating information technology with innovative learning models. As a teacher in the Indonesian era 4.0 gave birth to a term known as Teacher 4.0 Challenges & Requirements. To become a 4.0 teacher must have 3 components, namely: 1) Human - Based & Didactical Challengee; 2) Organizational Challengee and 3) Technological Challengee. (Abdelrazeq, 2016). To support these competencies, one of the learning models that can be used is the STEM-based learning model. STEM Education is a combination of areas of Science, Technology, Engineering, and Mathematics (STEM) (Duran, et al., 2016). This paper aims to: 1) explain the perception of information technology and STEM learning for prospective economic teachers. 2) describes the efforts to integrate Information Technology and STEM-based Learning Models in the face of the Age of Industrial Revolution 4.0. Keywords: Industrial Revolution Era 4.0, Information Technology, and Innovative Learning Models, STEM, Teacher Competencies 4.0.

Objective - Insurance companies in Indonesia are considered an important part of society by the Indonesian government. Corporate governance was a major problem during the post-financial crisis period, particularly in emerging markets in Indonesia. Financial Institutions considered the possibility of increasing insurance premiums to cover their operating costs and increase their profits. The purpose of this study is to measure the effect of corporate governance and premium growth on the performance of the insurance sector, to determine the characteristics of good corporate governance. Methodology/Technique - The samples used in this study include insurance companies listed on the Indonesia Stock Exchange between 2011 and 2015. The data used in the study is derived from the Indonesian Stock Exchange Corner. The method of analysis used is descriptive statistics and linear regression. The research objectives are to analyze the influence of the independent variables on the dependent variable. A purposive sampling method is used to determine the sample size of the study. This method generated a sample of 9 commercial insurance companies. Findings - The findings show that corporate governance is significantly and positively related to ROA whereas Insurance Premiums are not significantly related to ROA. Novelty - Study suggests that the insurance companies must aim to improve corporate governance structures by finding solutions to existing problems and improving the management structures of the company, in order to attract future investment which will ultimately lead to an increase in ROA and ROE. Type of Paper: Empirical Keywords: Corporate Governance; Insurance Premium; Corporate Performance; Growth. JEL Classification: G22, L25, M41

In the Industrial Revolution Era 4.0 as it is today, every economy is faced with increasingly fierce competition from the flow of goods / services, labor and capital. Free trade will be able to influence national income (GNP). Exports and investments are the key to national economic growth. High exports will increase state revenues to finance economic development. The capital inflow in the form of foreign direct investment (FDI) will also increase, moreover accompanied by information technology that is so fast making it easy for investors to explore information, all this will affect the amount of national income which ultimately determines the size of economic growth. One indicator of economic growth is the amount of national income. The amount of national income can be influenced by several factors including exports and investments made. Elasticity is a general concept used to see the response of a variable if other variables change. Through the concept of elasticity it will more clearly see the magnitude of the influence of the variable Foreign Investment (FDI) and Export (X) on National Income, in this case GDP. If the elasticity value is more than one (elastic), it is said to have a high influence or sensitivity (response). Conversely, if less than one (inelastic), the effect is small. The results of the calculation with the concept of elasticity show that when the Export and FDI variables increase, the GDP variable rises but not as much as the increase in Exports and FDI. The GDP response is small or a low response (inelastic). However, when the export and FDI variables go down, the GDP variable actually rises higher than changes in exports and FDI. This is influenced by factors besides Exports and FDI. Thus the magnitude of the response of GDP to changes in exports and FDI will affect therate of economic growth.

The vocational education implementation is one of the success factors for government to improve the quality of human resources, mainly toward producing skilled workers. Various researchers have studied the phenomena of vocational education. Unfortunately, studies on research methods in relation to vocational education phenomena are limited. Hence, this paper examined the research methods on the phenomena of vocational education, based on few case studies in Indonesia. Indonesia has many challenges as such Indonesia is a country with the fourth highest population globally, high level of unemployment, relatively rapid growth of new autonomy, and most number of islands in the world. In fact, Indonesia has different characteristics and needs of human resources from each region.•This article discusses the methods to explore the phenomena of vocational education through case studies in Indonesia.•This method article discusses the division of question groups and deployment of questionnaires through the referral and stages of research.•This method article is the alternative basis for preparing research steps related to study the vocational education phenomena., Graphical abstract Image, graphical abstract

This study aims to describe and explain the meaning of change in hijab culture in society and how the role of these values change on the implementation of differentiation - focus strategy and its effect in improving business performance. This research is conducted on small business hijab Faiz Collection in Manyar District Gresik. This research approach is a case study with qualitative descriptive research method. The findings of the study indicate that the meaning of change in hijab culture is related to values on the hijab. The first value is cultural value, formed by: 1) religious system, 2) social organization system, and 3) knowledge system. The second value is hijab value, formed by: 1) religious system, 2) community norms, 3) requirements, and 4) benefits. The third value is business value, formed by: 1) consumption activities, 2) production activities and 3) distribution activities. The effect of changing needs on hijab (from hijab standard to the syar'i hijab) to business performance is the increasing sales doubled compared with the standard hijab sales. https://doi.org/10.26905/jmdk.v6i1.2151

Adoption of knowledge management (KM) has become the emerging agenda in developing business strategies. The purpose of this paper is to contribute to an emerging debate centred on the ways in which knowledge management (KM) might be give benfits and, in turn, how KM practice might be improved. Stillslightly companies in particular will benefit from the application of KM for enhanced decision support, expanded human performance, and sustained competitive advantage. Using quantitative design, the authors explore the benefits of KM in business systems. In this study, we attempted to explore the underlying dimensions of benefits of KM using a well- researched survey instrument. Using principal-components factor analysis, we discovered three main factors among the variables, Benefits of KM For the individual; Benefits of KM For the community of practice; Benefits of KM For the organization.

The purpose of this study is to conduct literacy studies on phenomena that are becoming the main focus for universities in the world in an effort to improve the quality of internationally standardized education and get the best ranking in the world. The perspective used in conducting the literature review is to include strategic management theory, especially the concept of developing models or operations strategy frameworks as university strategic reconciliation reaches world class university.

Empowerment cassava chips group based on pre prosperity family in Menteng Village, Bogor City and Neglasari Village, Bogor District purposed for reducing sum of poor family at two location. The special purpose is increasing income for poor families as the programme participants. The boundaries of poor family for the activity are pre prosperity family that have characteristic they could not eat twice a day, not have enough cloth for any activities, house condition not feasible, they could not access the health facilities and school because lack of budget. Steps of methode for building the new entrepreneur group based on pre prosperity family are 1) Selection and target approach; 2) Form the UMKM Miraos as “builder”; 3) Pre test; 4) Business motivation training, processing cassava chip training, marketing, and management business training; 5) Field study; 6) Introducing of suporting equipment for business; 7) Coaching and partner expansion; and 8) Post test. The result of empowerment activities resulted two groups small enterprises of cassava chips at both location. The two groups have earned additional income about IDR 60.000–150.000 per member in one cycle production after join the program. They also achieve increasing of knowledge and motivation about cassava chips business.