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INDEXED PUBLICATIONS79
CROSSREF CITATIONS123
CROSSREF · CITED PUBLICATIONS63.3%
CROSSREF · MEAN CITATIONS1.56

Crossref citation coverage: 79 / 79 publications (100.0%). Latest observation: 21 Oct 2026, 07:22 UTC. Means and percentages use records with known counts.

Research collection

79 publications

JOURNAL ARTICLE

Financial behavior of Generation Z in Surabaya city: Analysis of the relationship between financial literacy and lifestyle

Erna Retna Rahadjeng · Bagas Prayogi Harsono

International Journal of Research in Business and Social Science · 2024

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This research aims to determine and analyze the influence of financial literacy and lifestyle on financial behavior. This type of research is explanatory research using a quantitative approach method. The sampling technique uses probability sampling with the proportionate stratified random sampling method with a sample size of 395 people. The data analysis technique used in this research is multiple linear regression analysis using SPSS tools. The results of this research show that financial literacy has a positive and significant effect on the financial behavior of generation Z. Lifestyle has a negative and significant effect on the financial behavior of generation Z. Financial literacy and lifestyle simultaneously have a positive and significant effect on the financial behavior of generation Z in Sawahan District, Surabaya City. The results of this study suggest that generation Z must have qualified financial literacy and have a healthy lifestyle in order to form good financial management so that generation Z has an awareness of the importance of doing good financial planning as early as possible to achieve financial well-being.

DOI 10.20525/ijrbs.v13i9.37960 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Digital transformation in the recruitment process: Revealing Gen Z's interest in career opportunities

Meiliyah Ariani · Zulhawati

International Journal of Research in Business and Social Science · 2024

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This study aims to analyze the influence of social media use, technology utilization, and e-recruitment on the interest of Generation Z in career opportunities in applying for jobs. Gen Z has a high reliance on technology and social media, which has an impact on the way they search for and apply for jobs. The method used in this study is a quantitative method. The data source in this study uses primary data. The data collection technique uses a google form questionnaire. The population in this study is active students who take their TA thesis. Even 2023/2024 at the Faculty of Economics and Business, Prof. Moestopo University (Religious). The sample in this study is 30 people. The sampling method is random sampling. The data analysis in this study uses multiple linear regression using validity test, reliability test, classical assumption test and t-hypothesis test and determination coefficient test. The results of the study show that the use of social media, the use of technology, and e-recruitment have a positive influence on Generation Z's interest in career opportunities in applying for jobs. Social media plays a role in disseminating vacancy information widely. Generation Z relies heavily on social media as a source of information and a means to explore career opportunities. Technology, such as online job search platforms, social media, and digital communication tools, provides easy access and quick information, thereby increasing their interest in finding and applying for jobs. Generation Z tends to be more interested in the recruitment process that is carried out online compared to conventional methods.

DOI 10.20525/ijrbs.v13i9.38040 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The influence of transformational leadership on employee performance across generations (Gen X, Gen Y, Gen Z) with employee motivation as a mediating variable

Fajar Fili Andri · Wahdiyat Moko

International Journal of Research in Business and Social Science · 2024

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This study analyzes the influence of transformational leadership on employee performance across generations (Generation X, Y, and Z) with motivation as a mediating variable, in PT. BCA, Tbk Regional Office VII Malang City. The challenge faced is the difference in generational characteristics that require different leadership approaches to create a productive work environment.The research method used is a quantitative approach with Partial Least Square-Structural Equation Modeling (PLS-SEM) analysis. Data was collected through questionnaires distributed to employees and analyzed using SmartPLS software. The results of the study show that transformational leadership has a significant positive effect on the motivation and performance of Generation X and Y employees. However, in Generation Z, motivation does not significantly mediate the influence of transformational leadership on performance.These findings show that Generation X is more influenced by financial rewards and compensation, while Generation Y is more motivated by appropriate benefits and appreciation. On the other hand, Generation Z needs leaders with clear direction and charisma rather than traditional incentive-based motivation. Therefore, organizations need to adapt their leadership styles based on the specific needs of each generation to optimally improve employee performance.

DOI 10.20525/ijrbs.v13i9.38631 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

An investigation of the impact of green perceived value and green perceived risk on repurchase intention through green trust in green product Adidas

Nenggala Santri Anom · Kusuma Ratnawati · Raditha Dwi Vata Hapsari

International Journal of Research in Business and Social Science · 2024

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This study examines the impact of green perceived value and green perceived risk on repurchase intention mediated by  green trust in Adidas green products. This study is explanatory and employs a quantitative methodology. The study's population comprised individuals who purchased Adidas green products. This study employs a purposive sampling technique. The sample size consists of 190 respondents. The data utilized in this study were gathered by questionnaire. The acquired data were analyzed using SEM (Structural Equation Modeling) PLS. The findings indicated that Green Perceived Value positively enhances repurchase intention and trust. Furthermore, Green Perceived Risk adversely affects repurchase intention and trust, while Green Trust enhances repurchase intention. Green Trust can enhance the relationship between Green Perceived Value and Green Perceived Risk regarding repurchase intention, but its mediation role is partial. This study highlights that to increase repurchase intention, Adidas should focus on high green perceived value through consistent product quality and emphasize its environmental commitment to attract younger consumers. Although green perceived risk is low, Adidas should minimize negative risks and maintain product quality. Additionally, green trust plays a crucial role in strengthening consumer confidence and attracting new customers.

DOI 10.20525/ijrbs.v13i9.38760 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The effect of transaction exposure, firm size, and liquidity on the firm value with leverage as mediating variable

Raden Pandu Widyantara · Siti Aisjah · Atim Djazuli

International Journal of Research in Business and Social Science · 2024

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This study analyses the impact of transaction exposure, firm size, and liquidity on firm value with leverage as a mediating variable in on Consumer Non-Cylicals Sector Companies Listed on the Indonesia Stock Exchange from 2018 to 2023. Using Signalling Theory and Trade-off Theory as theoretical frameworks, the research employs path analysis to evaluate the relationships between variables. The findings reveal that transaction exposure, firm size, and liquidity have a positive significant effect on firm value. Conversely, leverage shows a negative significant impact on firm value, suggesting that excessive debt increases financial risk, thereby reducing firm value. Moreover, the study indicates that leverage does not mediate the effects of transaction exposure, firm size, or liquidity on firm value. These results highlight the importance for companies to prioritize managing liquidity and capital structure effectively to optimize firm value. Excessive use of debt should be minimized to avoid diminishing profitability and reducing market value, especially for firms with high exposure to international transactions.

DOI 10.20525/ijrbs.v13i9.38802 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

Exploring the role of halal awareness in the link between religiosity, Halal logos, and consumer choices

Arie Setiawan · Fatchur Rohman · Taufiq Ismail

International Journal of Research in Business and Social Science · 2024

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In the era of globalization and increasing awareness of health and product halal status, studies on halal product purchasing decisions are becoming increasingly important. The demand for halal products continues to rise along with the strengthening of consumers' religious beliefs through knowledge about the importance of halal. This research focuses on a halal product, Bipang Jangkar in Pasuruan, East Java, Indonesia, which was affected by a viral debate regarding Bipang Ambawang, a West Kalimantan specialty made from pork, after it was promoted as a holiday food by President Jokowi in 2021. Concerns arose that this debate could influence the sales of Bipang Jangkar, despite being very different from Bipang Ambawang. This study aims to clarify the role of halal awareness as a mediator in the influence of religiosity and halal logo on purchasing decisions. The respondents in this study were Bipang Jangkar consumers in Pasuruan. A total of 170 samples were obtained through online questionnaires. The data in this study were analyzed using SEM-PLS through the SmartPLS 3 program. The results of this study indicate that all hypotheses are accepted, except for the influence of religiosity on purchasing decisions and the role of halal awareness as a mediator of the halal logo's influence on purchasing decisions.

DOI 10.20525/ijrbs.v13i9.37661 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

The effect of environmental social governance (ESG) performance, capital structure, and firm size on firm value mediated by profitability on ESG leaders index in IDX

Bayu Setioko · Moeljadi · Andarwati

International Journal of Research in Business and Social Science · 2024

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Firm value is a very important because the success of management in managing a firm is reflected in the firm value. With the uncertainty of global economic conditions in recent years, Companies have faced challenges in maintaining or increasing firm value. Companies must have a strategy in order to increase the firm value by paying attention to financial and non -financial factors. This study aims to test and analyze the effect of ESG performance, capital structure, firm size on firm value with profitability as a mediation variable. Sampling techniques in this study uses saturated sample because all populations included in the sample criteria that used in research as many as 15 companies listed in the ESG Leaders index for the 2020-2023 period. Research data analysis using multiple linear regression methods and path analysis with SPSS programs. The results showed that ESG's performance, capital structure had a significant positive effect on firm value while firm size had a significant negative effect on the firm's value. Profitability as a mediation variable could mediate the effect of ESG performance, capital structure, firm size on the firm value.

DOI 10.20525/ijrbs.v13i8.39052 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

Small and medium-sized enterprises (SMEs) in Bali: Corporate social responsibility, competitive advantage and its impact on financial performance

Ni Luh Putu Normadewi Abdi Pradnyani · I Nyoman Abdi · Ni Made Mega Abdi Utami

International Journal of Research in Business and Social Science · 2024

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Climate-related concerns have drastically made companies realize the need for better environmental regulations and consolidate them in corporate business strategies such as Corporate Social Responsibility (CSR). CSR improves firm performance by valuing the stakeholders' interests and substantially achieving a competitive advantage over competitors. Recognising a firm's competitive advantage in the market indicates performance and might help the company perform better. The objective of this research  is to provide concrete proof related to how CSR affects competitive advantage and its effects on company performance, especially financial performance in SMEs in Bali Province. This study uses primary data in the form of questionnaires distributed to SMEs both directly and online. The sample of this research is the manager / owner of SMEs in Bali Province. Data analysis tools using SmartPLS 4.0. The study's findings indicate that CSR has a direct impact on financial performance  (SMEs) and CSR indirectly affects the financial performance (SMEs) through competitive advantage. Competitive advantage was found to partially mediate the impact of CSR and financial performance (SMEs). These findings will be used by SME managers in Bali Province in order to enhance the company's financial performance by considering the use of CSR strategies and strengthening competitive advantage. Implementing CSR can help a company become more competitive and separate itself from competitors by providing an innovative product or service. Finally, corporate social responsibility (CSR) can give a company a competitive advantage by strengthening its marketing abilities, which leads to improved performance.

DOI 10.20525/ijrbs.v13i7.36030 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Bank mergers, corporate governance, and the impact on Maqashid Sharia performance

Januar Christianto · Vernanda Yulia Eka Putri

International Journal of Research in Business and Social Science · 2024

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This paper aims to examine the effects of bank mergers and corporate governance to maqashid sharia performance. This study also aims to examine the effect of corporate governance as a moderating variable. In this study, the measurement of variables using Integrated Maqashid Sharia Performance Measurement (IMSPM) which includes dimensions consisting of faith (din), self (nafs), intellect ('aql), posterity (nasl), and wealth (mal). Data processing was carried out using SPSS Statistics 29 with the source data of bank financial statements before and after the merger. The data includes the financial statements of BNI Syariah, BRI Syariah, Bank Mandiri Syariah 2015 – 2020 and also Bank BSI 2021 – 2023. The results showed that bank mergers have a positive effect on maqashid sharia performance. However, the corporate governance variable consisting of the independence and remuneration of the Sharia Supervisory Board (SSB) shows that the independence of SSB has no effect on the maqashid sharia performance and remuneration SSB has a negative effect. Independence of SSB has no effect to maqashid sharia performance because SSB who are not independent or hold concurrent positions will have more experience due to their role in other Islamic institutions and banks. In addition, SSB remuneration has a negative effect because when viewed from the operational side, the high remuneration received by SSB will actually increase the burden on banks so that it has an impact on their maqashid sharia performance. Nevertheless, corporate governance variables both independence and remuneration of SSB  can strengthen the effect of mergers on maqashid sharia performance.

DOI 10.20525/ijrbs.v13i7.36070 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Leadership and communication to improve employee performance in the KOTAKU Bandung program

Agatha Rinta Suhardi · Sari Dewi Oktari · Andi Budiawan

International Journal of Research in Business and Social Science · 2024

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This paper aims to determine to extend to which leadership and communication influence employee performance in the KOTAKU Bandung program. Employees who are able to work well are the company’s most desirable resources in order to achieve company goals. Employee performance can be improved from a leader by setting a good example, paying attention to employees and always communicating well with employees at work, especially employees who behave less well. In this paper, it is also describe about leadership, communication and employee performance in the KOTAKU Bandung program. We employed a hybrid analytics method for descriptive and verification methods with qualitative and quantitative approaches. Questionnaires were used to collect data. Inferential statistics were used to analyze the data, data analysis made use of multiple regressions and Pearson’s correlation. The Statistical Package for Social Science was used to aid the analysis. A dataset of 57 respondents from employee in KOTAKU Bandung program. Data processing was carried out by analyzing correlation coefficients, coefficients of determination, and hypothesis testing. Main findings study demonstrate that (i) employee responses regarding leadership and communication were stated to be quiet good, (ii) employee reponses regarding employee performance are stated to be quite high, and finally (iii) leadership and communication have influence employee performance both partially and simultaneously in the KOTAKU Bandung program.

DOI 10.20525/ijrbs.v13i7.36130 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The role of mindfulness and emotional intelligence in mediating the effects of job burnout on job performance

Moch Misbah · Budiyanto · Suhermin

International Journal of Research in Business and Social Science · 2024

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Healthcare delivery relies on human resource management to ensure quality. However, employee performance dropped from 2019 to 2022, highlighting the need to address job fatigue, which lowers performance. This study examines how mindfulness and emotional intelligence mediate the effects of occupational fatigue on medical and paramedic performance. This integrated study intends to understand healthcare job performance and improve medical professionals' competency and well-being in Indonesia. A 5% margin of error was used to choose 213 medical staff and paramedics from the Mojokerto City Government Health Agency in Indonesia using the Slovin algorithm. The Sobel Test and SEM with AMOS were used to analyse data. Mindfulness and emotional intelligence decreased considerably with job burnout, affecting job performance. Mindfulness and emotional intelligence also improved job performance. The results also showed that emotional intelligence and mindfulness moderate the job burnout-performance link. These findings show that emotional and psychological aspects are crucial to understanding how job fatigue affects employee performance.

DOI 10.20525/ijrbs.v13i7.36212 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

The effect of psychological engagement on member behavioral engagement in a virtual community in Indonesia

Maria Satya Rani · Melda Gienardy

International Journal of Research in Business and Social Science · 2024

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This study aims to analyze the role of psychological engagement, encompassing cognitive, emotional, and physical dimensions, as well as member behavioral engagement, including participation and word of mouth, and its influence on brand loyalty, which includes cognitive, affective, conative, and action loyalty in the National Cooking Club (NCC) in Indonesia. Utilizing a quantitative approach with survey techniques, an online questionnaire was distributed to 500 respondents, yielding 162 valid responses. Data analysis was conducted using multiple linear regression with SPSS version 16. The results indicate that action loyalty does not significantly affect physical engagement, whereas emotional engagement does. Additionally, both emotional and physical engagement significantly influence participation, whereas cognitive engagement does not. Furthermore, emotional engagement has a significant effect on word of mouth, contrary to cognitive and physical engagement, which do not significantly influence word of mouth among NCC members.

DOI 10.20525/ijrbs.v13i7.36280 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The relationship of paternalistic leadership and organizational commitment

Dedi Yusmen · Achmad Sudiro · Dodi Wirawan Irawanto · Sunaryo

International Journal of Research in Business and Social Science · 2024

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Paternalistic leadership is reported to have a favourable correlation with employee organisational commitment. This commitment is provided in exchange for the paternalistic leaders' care, attention, and protection of employees in both professional and personal contexts. Nonetheless, numerous further research have identified a negative tendency in this association. This research employed a Systematic Literature Review (SLR) utilising PRISMA as the principal procedure, identifying 16 articles published from 2014 to July 2024 that investigate the correlation between paternalistic leadership and organisational commitment. This relationship is delineated through two frameworks: firstly, paternalistic leadership induces varying degrees of employee organisational commitment; secondly, organisational commitment serves as a mediator between paternalistic leadership and other variables. From these two schemes, it is evident that (i) a positive correlation exists between benevolence and moral leadership and organisational commitment, albeit with variations in the types of commitment elicited by these leadership dimensions; (ii) authoritarian leadership elicits a negative reaction towards two forms of organisational commitment (affective and normative) among employees, while inducing a marginally positive response towards continuance commitment; and (iii) organisational commitment as a mediator exhibits a "inconclusive" effect.

DOI 10.20525/ijrbs.v13i7.36631 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Analyzing of market orientation, competitive strategy and sustainable business performance: Insight from foot-wear SMEs in Indonesia

Dewi Lusiana · Muhammad Ramaditya · Donny Oktavian Syah

International Journal of Research in Business and Social Science · 2024

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This present study was conducted to advance an understanding of market orientation concept, by exploring the relationship between market orientation, competitive strategy and business performance in a sample of small- and medium-sized companies in Indonesia. A quantitative research method was adopted to investigate the relationship between the variables. A total of 200 questionnaires were distributed, from which 182 usable questionnaire were obtained (91% response rate). Correlational and regression analyses were used to examine the relationships between market orientation and the other variables measured in the study. It was found that market orientation had both direct and indirect positive influence on business performance. All three dimensions of market orientation (i.e., customer orientation, competitor orientation and inter-functional coordination) showed a simple linear relationship to the business performance, and the inter-functional coordination had the strongest association with business performance.

DOI 10.20525/ijrbs.v13i7.36841 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

The effect of perceived advertising values on purchase intention with attitudes towards Instagram advertising as mediating variable : Study on Generation Z on the Malang City

Choiriyatul Laila Ramadhana · Ananda Sabil Hussein

International Journal of Research in Business and Social Science · 2024

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This study aims to analyse the influence of perceived advertising values which include informativeness, entertainment, and irritation on purchase intention through attitudes towards Instagram advertising. This study was conducted on Generation Z who followed Emina's Instagram account in Malang City. Using a quantitative approach, data was obtained through a questionnaire using the purposive sampling method and analyzed using the PLS-SEM model. The results showed that informativeness and entertainment had a positive influence on purchase intention, while irritation had no significant effect. In addition, attitudes towards Instagram advertising have been proven to mediate the relationship between the three elements of perceived advertising values and purchase intention. These findings reinforce the importance of creating informative and entertaining Instagram ads, while minimizing irritating elements to increase positive attitudes towards ads and consumer purchase intent. This research makes a theoretical contribution by supporting the theory of Planned Behavior and offers practical insights for marketers in designing advertising strategies on social media.

DOI 10.20525/ijrbs.v13i7.38862 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

Work motivation and work-life balance on employee performance as mediated by job satisfaction

Mazaya Khansa Nadhilah · Margono Setiawan · Christin Susilowati

International Journal of Research in Business and Social Science · 2024

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This study examines the effect of work motivation and work-life balance on employee performance with job satisfaction mediation. This study is a type of quantitative research with a data collection method using a questionnaire. The research sample was 185 nursing staff at X Hospital. This study uses non-probability sampling with the Quota sampling type. The data analysis technique used is SEM-PLS. The results of the study indicate that work motivation cannot improve employee performance. However, work-life balance can improve employee performance. Work motivation can improve employee job satisfaction, while work-life balance cannot improve job satisfaction. Job satisfaction can improve employee performance. Job satisfaction can mediate Work Motivation in improving performance but cannot mediate Work-Life Balance in improving employee performance. The study results suggest that Hospital X should pay more attention to employees by providing motivation and implementing an excellent work-life balance as a reference for employees' work.

DOI 10.20525/ijrbs.v13i7.38912 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

The role of work ethic mediation on the impact between job motivation on performance and knowledge sharing of SMEs in East Java

Uci Yuliati · Warsono · Widhiyo Sudiyono · Ory Wiranudirja

International Journal of Research in Business and Social Science · 2024

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This study examines the influence of SME performance, knowledge sharing, work motivation, and the work ethic of SME proprietors. This research was conducted on Small and Medium Enterprises in East Java. The study population comprised 293 proprietors of small and medium-sized enterprises (SMEs) employing between 3 and 10 individuals. The participants in the study were owners of small and medium enterprises situated across East Java. Data collection for each variable was performed using questionnaires. Data analysis methodologies utilize descriptive analysis techniques and quantitative data analysis techniques, such as Structural Equation Modeling (SEM) with Partial Least Squares (PLS). The results demonstrated that the mediating effect of work ethics on the relationship between work motivation and company performance was insignificant. The mediating effect of work ethics on the relationship between work motivation and knowledge sharing was substantial. The correlation between work motivation, work ethics, and knowledge sharing was positive and significant; however, the influence of motivation on company performance was not significant. The motivation of employees negatively affects the performance of small and medium-sized enterprises (SMEs) in East Java. This study offers guidance to managers of small and medium enterprises on implementing work ethics to enhance employee motivation, performance, and knowledge sharing.

DOI 10.20525/ijrbs.v13i7.38930 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Employee performance in the context of perceived organisational change: moderated by power distance and collectivism

Sidik Sidik · Desi Tri Kurniawati · Radityo Putro Handrito

International Journal of Research in Business and Social Science · 2024

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Employee performance is crucial for organizational success, especially amid organizational change. This study investigates the influence of employees' perceptions of organizational change on their performance, considering the moderating roles of power distance and collectivism. The background of the research underscores the significance of understanding how employees perceive and respond to organizational change initiatives. The purpose is to examine how cultural dimensions, specifically power distance and collectivism, moderate the relationship between organizational change perception and employee performance. Methodologically, a quantitative approach utilizing survey data from employees PT Pertamina EP Cepu Regional 4 Zona 11 is employed. Principal results indicate a significant positive relationship between employees' perceptions of organizational change and their performance, highlighting the disruptive nature of change on employee productivity. Moreover, both power distance and collectivism moderate this relationship, suggesting that cultural values play a crucial role in shaping employee responses to change. Major conclusions emphasize the importance of considering cultural contexts when implementing organizational change strategies to mitigate potential negative effects on employee performance. This study contributes to the field by providing empirical evidence of the interplay between organizational change perception, cultural dimensions, and employee performance, offering valuable insights for practitioners and scholars aiming to enhance organizational effectiveness amidst change.

DOI 10.20525/ijrbs.v13i6.35161 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Democratic leadership in the Batak Tribe: lessons from Customary Law for modern governance

B.F. Sihombing

International Journal of Research in Business and Social Science · 2024

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The main aim of this research is to explore and analyse leadership in the very democratic Batak tribe in Indonesia from the perspective of Batak customary law. The research method used is normative juridical legal research with a qualitative descriptive analysis method approach and also uses an existing conceptual approach model on leadership to then generate new ideas. as well as processing primary data and secondary data. The findings of this study are that the leadership style resulting from Machiavelli's political philosophy tends to be expensive, and there is a political dowry. Then, leadership in the Trias Politics conception tends to manipulate and abuse power such as corruption, tyranny and dynastic power. As a result, gave birth to leaders who behave like immoral wolves, homo homini lupus. On the other hand, the leadership style of the Batak tribe from the perspective of Batak customary law tends to mean maintaining harmony, which is a noble cultural value in terms of organizational leadership related to social relations, a well-organized organization and power distributed evenly. Thus, it is hoped that this study will be useful for the government, legislators and other stakeholders to use as an idea and reference approach in making efforts to choose a harajaon leadership based on dalihan natolu, which is a medium that contains objective legal principles based on kinship, brotherhood and cooperation by the mandate of paragraph IV of the Preamble to the 1945 Constitution of the Republic of Indonesia.

DOI 10.20525/ijrbs.v13i6.37070 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The law politics of bankruptcy decision execution against debtor's assets abroad

Unggul Wibawa Widhayaka · Sonyendah Retnaningsih · Sufiarina

International Journal of Research in Business and Social Science · 2024

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The purpose of this study is to examine and analyze law politics related to the execution of bankruptcy decisions against debtor assets abroad. The research method used is normative legal research with a qualitative descriptive analysis method approach, based on comparative law, with prescriptive analytical specifications. The research findings conclude that sovereignty is interpreted as the responsibility to improve and protect all national and international community interests, manifested in the form of the state's ability to interact and establish relations with countries in the world, as well as cooperate and coordinate bilaterally, multilaterally and in international organizations. The provisions on international bankruptcy in Law of the Republic of Indonesia Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations or Undang-Undang Republik Indonesia Nomor 37 Tahun 2004 tentang Kepailitan dan Penundaan Kewajiban Pembayaran Utang (Bankruptcy Law) are similar to the Dutch Bankruptcy Law, there are no comprehensive regulations related to international bankruptcy. To ensure legal certainty, a legal policy is needed in the form of changes and updates to the Bankruptcy Law by adding articles to apply the principles of international bankruptcy in the Model Law, namely the Principle of Access, the Principle of Recognition, the Principle of Assistance and the Principle of Cooperation and Coordination, as applied in the US Bankruptcy Code Chapter 15. Article 299 of the Bankruptcy Law also needs to be amended so that the procedural law applied is the special procedural law for international bankruptcy.

DOI 10.20525/ijrbs.v13i6.37560 Crossref citations0 OpenAlex citations