INCOME: Innovation of Economics and Management

Bibliometric Mapping of Publications on Digital Transformation and Adaptation of Sharia-Based Household Economics in Indonesia

Erizal Candra Efendi — 2026-02-28

The development of digital technology has reshaped patterns of economic activity, including scholarly discussions on Muslim household economics in Indonesia. This study aims to map and describe the research landscape on digital transformation and the adaptation of Sharia-based household economics in Indonesia by examining publication trends, collaboration structures, and thematic orientations. Using a bibliometric approach, data were retrieved from Scopus, Dimensions, Garuda, and Google Scholar, covering the period 2013–2024. After screening and deduplication, publications were included in the analysis. Bibliometric mapping and performance analysis were conducted using VOSviewer and Biblioshiny. The results indicate a steady increase in publications from 2016, with a peak in 2023. Co-authorship analysis reveals growing research collaboration, characterized by increasingly interconnected and multidisciplinary author networks. Co-word and thematic analyses identify digital economy, Islamic finance, and Sharia-based household economics as dominant and interrelated themes, reflecting the main directions of scholarly attention in this field. Citation and keyword network structures suggest that research has increasingly focused on the intersection of digital innovation and Islamic economic principles. Overall, this study maps the evolution and structure of the literature on digital transformation and Sharia-based household economics in Indonesia. The findings provide a systematic overview of research trends and collaboration patterns, offering a reference point for future empirical, theoretical, and policy-oriented studies in digital Islamic economics.

Green Accounting and Material Flow Cost Accounting as Determinants of Sustainable Development: Evidence from Indonesian Mining Companies

Sofi Apriyanti — 2026-02-28

This study aims to analyze the effect of Green Accounting and Material Flow Cost Accounting on Sustainable Development in mining companies listed on the Indonesia Stock Exchange from 2022-2024. The population used in this study was 63 mining companies listed on the Indonesia Stock Exchange. Based on sample selection using purposive sampling, 15 company samples were obtained with 3 research periods, resulting in a total of 45 samples. This research method uses a quantitative approach with multiple linear regression analysis using software SPSS. This study uses secondary data in the form of financial reports and sustainability reports of companies. The data analysis technique used is multiple linear regression analysis. The results of the analysis show that Green Accounting has a positive effect on Sustainable Development, indicating that improvements in environmental cost management and disclosure contribute to improvements in corporate sustainability performance. Material Flow Cost Accounting has a positive effect on Sustainable Development, and is even the most dominant variable in explaining variations in Sustainable Development because it promotes resource efficiency and waste reduction in the production process. Simultaneously, Green Accounting and Material Flow Cost Accounting are proven to have a significant effect on Sustainable Development with a high coefficient of determination, so that the model is considered capable of explaining most of the sustainability variation in the mining companies studied. Research implication is that green accounting significantly promotes sustainable development through improved transparency and environmental accountability, while material flow cost accounting contributes to sustainability mainly when integrated into broader strategic and environmental management practices.

Can EWS, Altman, and Ohlson Models Comparatively Predict PT Garuda Indonesia’s Distress?

Rohmad Lukman Hakim — 2026-02-28

This study aims to compare three bankruptcy prediction models—Early Warning System (EWS), Altman Z-Score, and Ohlson O-Score—in detecting early bankruptcy risk at PT Garuda Indonesia (Persero) Tbk during the 2020–2024 period. The research method employed is a quantitative descriptive comparative approach using secondary data obtained from the Indonesia Stock Exchange (IDX) in the form of annual financial reports. The analysis was conducted by calculating financial ratios and applying the three models to assess the predictive accuracy level of each. The results of the study show that the EWS model has the highest accuracy rate in detecting financial distress conditions at PT Garuda Indonesia, reaching 100%, followed by the Altman Z-Score model at 80% and the Ohlson O-Score model at 60%. These findings indicate that the EWS model is more sensitive to changes in financial ratios, particularly liquidity and solvency ratios, making it more relevant for the aviation sector, which is characterized by high-cost structures and a strong dependence on operational cash flow stability. The comparison among the three models also emphasizes that the choice of prediction model should align with industry characteristics to ensure more valid results. This research is expected to serve as a reference for management, investors, and regulators in monitoring corporate financial stability and strengthening bankruptcy risk mitigation policies in the future.

Islamic Business Ethics in Creative Industry: Honesty and Business Sustainability in Digital Era

Nanang Setiawan — 2026-02-28

Digitalization and increasing market competition require business actors to adapt rapidly, often giving rise to ethical dilemmas. This study aims to analyze the implementation of Islamic business ethics in the creative industry in the digital era, with a particular emphasis on honesty (ṣidq) as a fundamental principle supporting business sustainability. This qualitative study employs a literature review and in-depth interviews with three creative industry practitioners in Lamongan Regency, East Java, consisting of owners of a food and beverage (F&B) business, a mobile phone retail business, and a photography service (photo studio) business. Based on the empirical narratives of these three business owners, the findings reveal that honesty is operationalized in concrete business practices, including transparent pricing, truthful product descriptions, consistency between digital promotion and actual product quality, and openness in communicating service limitations. Despite challenges such as intense price competition, pressure for rapid production, and aggressive digital marketing practices, the informants consciously avoid misleading promotions and exaggerated claims. In the Lamongan context, honesty functions not only as a moral–religious value but also as a practical mechanism for building consumer trust and maintaining business reputation, which in turn supports long-term business sustainability. This study contributes to the literature by offering micro-level empirical insights into how honesty is enacted as a strategic ethical practice in small-scale digital creative businesses, rather than treating Islamic business ethics merely as a normative framework. Practically, the findings offer insights for practitioners and policymakers on integrating ethical and religious values into digital business strategies to enhance trust and sustainability.

The Role of Digitalization in Enhancing the Business Performance of Micro, Small, and Medium Enterprises in Makassar City

Muhammad Difky Al Qadri — 2026-02-28

This study examines the role of digitalization in improving the business performance of micro, small, and medium enterprises (MSMEs) in Makassar City, Indonesia. Specifically, it analyzes the effects of digital marketing, e-commerce usage, and digital payment adoption on sales growth, operational efficiency, and market expansion. The research employed a quantitative cross-sectional survey design using purposive sampling, involving 110 MSME owners and managers who had adopted at least one digital tool. Data were analyzed using multiple linear regression. The results indicate that all three digitalization variables significantly and positively influence MSME performance. The regression model demonstrates strong explanatory power, with an R² value of 0.568, meaning that 56.8 percent of the variance in business performance is explained by the digitalization variables. Among the predictors, digital marketing shows the strongest effect, followed by e-commerce usage and digital payment systems. These findings highlight the central role of digital marketing in enhancing visibility, customer engagement, and competitive positioning in urban markets. Despite these positive effects, several barriers constrain the full realization of digital benefits, including low digital literacy, limited internet infrastructure, and high promotional costs. These challenges suggest that digital transformation requires not only technology adoption but also ecosystem support. Practically, the study recommends targeted digital literacy training, improved infrastructure investment, and financial incentives to reduce promotional costs and support sustainable MSME digital transformation in urban Indonesia.