Cloud enterprise resource planning (ERP) is one of the most sought-after information technology (IT) solutions for improving business performance due to its affordability, scalability, and pay-per-use subscription model. The impact of cloud ERP implementation on business performance, on the other hand, remains inconclusive. Additionally, an important factor that transverses all organizational processes, including IT implementation, is top management support (TMS). However, the TMS’s role in the latter stage (business value realization) of cloud ERP implementation is unclear. The purpose of this paper is to examine the mediating and moderating impacts of top management support (TMS) on the relationship between cloud ERP implementation and financial performance. A total of 204 small and medium enterprises (SMEs) in Malaysia were surveyed, and data analysis was conducted using partial least square structural equation modelling (PLS-SEM). The results demonstrate that TMS plays a partial mediating role in the relationship between cloud ERP implementation and financial performance and that this relationship is significantly stronger in SMEs with low TMS levels. As a result, it is concluded that top management should provide the required support following successful cloud ERP implementation in order to achieve positive financial results. However, such support must be adjusted in order to avoid the deterioration of the firm’s financial performance.

ABSTRAKPandemi covid-19 berdampak pada perekonomian seluruh negara dengan meningkatnya resiko dalam berinvestasi. Hal ini akan mempengaruhi perilaku investor, apakah akan berinvestasi atau tidak. Investasi salah satu faktor penggerak pembangunan perekonomi suatu negara. Penelitian ini bertujuan menganalisis pengaruh herding, experience regret, religiosity terhadap keputusan investasi dengan financial literacy sebagai variabel moderasi. Jenis penelitian ini adalah penelitian kuantitatif yang populasinya investor milenial muslim saham syariah. Teknik pengambilan sampel menggunakan purposive sampling dengan responden sejumlah 52. Alat analisis yang digunakan moderated regression analysis. Hasil penilitian ini menunjukkan bahwa herding tidak berpengaruh signifikan terhadap keputusan investasi, experience regret tidak berpengaruh signifikan terhadap keputusan investasi, religiosity berpengaruh positif signifikan terhadap keputusan investasi. Financial literacy mampu memoderasi pengaruh herding, experience regret, religiosity terhadap keputusan investasi.Kata Kunci: Herding, Experience Regret, Religiosity, Keputusan Investasi, Financial Literacy. ABSTRACTThe Covid-19 pandemic has an impact on the economy of all countries by increasing the risk of investing. This affects the behavior of investors, whether to invest or not. Investment is one of the driving factors for the economic development of a country. This study aims to analyze the effect of herding, experience regret, religiosity on muslim millennial investors sharia stock investment decisions with a financial literacy as a moderating variable. This type of research is a quantitative study with a population of muslim millennial investors sharia stock. The sampling technique used is purposive sampling 52 totaling respondents. The analytical tool used is moderated regression analysis. The results showed that herding does not have a significant effect on investment decisions, experience regret does not have a significant effect on investment decision, religiosity significant positive effect on investment decision, financial literacy is able to moderate the influence of herding, experience regret, religiosity on investment decisions.Keywords: Herding, Experience Regret, Religiosity, Invesment Decisions, Financial Literacy. DAFTAR PUSTAKAAdiputra, I. G. (2020). Pengaruh overconfidence, herding effect, self-monitoring terhadap investment decision pada masa pandemi covid-19. Jurnal Manajemen dan Kewirausahaan, 2(3), 595–602.Afriani, D., & Halmawati. (2019). Pengaruh cognitive dissonance bias, overconfidence bias dan herding bias terhadap pengambilan keputusan (Studi empiris pada mahasiswa Fakultas Ekonomi Universitas Negeri Padang yang melakukan investasi di Bursa Efek Indonesia). Jurnal Eksplorasi Akuntansi, 1(4), 1650–1665.Ahmad, S., Javed, T., Ul, W., & Qudsia, H. (2020). Demographic factors and herding behaviour of investors: Moderating role of islamic religiosity. 3(2), 193–203. https://doi.org/10.47067/ramss.v3i2Alquraan, T., Alqisie, A., & Shorafa, A. Al. (2016). Do behavioral finance factors influence stock investment decisions of individual investors? Evidences from Saudi Stock Market. American International Journal of Contemporary Research, 6(3), 159–169.Anendy, R., & Isbanah, Y. (2020). Faktor-faktor yang mempengaruhi keputusan investasi pada investor saham di Surabaya. Jurnal Ilmu Manajemen, 8(1), 197–209.Audini, A. F., Mus, A. M., & Sjahruddin, H. (2020). Pengaruh literasi keuangan terhadap keputusan investasi dengan perilaku keuangan sebagai variabel moderasi. NIAGAWAN, 9(2), 102–107.Danepo, M. (2018). Pengaruh bias perilaku investor terhadap keputusan investasi di pasar saham (Studi pada Bursa Efek Indonesia). Tesis tidak dipublikasikan. Bandar Lampung: Universitas lampung.Eka, S., Natassia, R., & Yolanda, H. (2020). The effect of religiosity moderation with loss aversion on the investment decision of personal investors kind of stock security in Padang City. AMAR: Andalas Management Review, 4(1), 40–55. https://doi.org/10.25077/amar.4.1.40-55.2020Fachrudin, K. R., & Fachrudin, K. A. (2016). The influence of education and experience toward investment decision with moderated by financial literacy. Polish Journal of Management Studies, 14(2), 51–60. https://doi.org/10.17512/pjms.2016.14.2.05Fauziah, L. N. (2019). Analisis pengaruh tingkat literasi keuangan dan religiusitas terhadap keputusan investasi: Studi pada mahasiswa fakultas ekonomi UIN maulana malik ibrahim malang. Skripsi tidak dipublikasikan. Malang: UIN Malang.Fitriarianti, B. (2018). Pengaruh literasi keuangan, perilaku keuangan dan pendapatan terhadap keputusan berinvestasi. Proseding Seminar Nasional Akuntansi, 1(1), 1-15.Hayat, A., & Anwar, M. (2016). Impact of behavioral biases on investment decision; Moderating Role of Financial Literacy. 1–14. https://dx.doi.org/10.2139/ssrn.2842502Hidayati, A. (2020). Hubungan religiusitas dengan minat investasi emas di perbankan syariah pada mahasiswa jurusan manajemen dakwah fakultas ilmu dakwah dan ilmu komunikasi UIN Syarif Hidayatullah Jakarta. Skripsi tidak dipublikasikan. Jakarta: UIN Syarif Hidayatullah Jakarta.Jamaludin, N. (2013). Religion and individual investment choice decision: The case of Malaysia. International Journal of Business and Social Science, 4(1), 104–113.Khairunizam, & Isbanah, Y. (2019). Pengaruh financial literacy dan behavioral finance factors terhadap keputusan investasi (Studi terhadap investor saham syariah pada galeri investasi syariah UIN Sunan Ampel Surabaya). Jurnal Ilmu Manajemen, 7(2009), 516–528.Khan, D. (2016). Cognitive driven biases, investment decision making: The moderating role of financial literacy. SSRN Electronic Journal, 1–25.Mutawally, F. W., & Asandimitra, N. (2019). Pengaruh financial literacy, risk perception, behavioral finance dan pengalaman investasi terhadap keputusan investasi mahasiswa surabaya....

The omnichannel, a new concept in retailing, has surpassed the genre of electronic business (e-commerce) and has significantly influenced consumer thoughts and decisions. This approach refers to a retailing approach that has transformed the way customers shop, seamlessly transitioning between online and offline platforms due to the increased usage of smartphones and tablets. Presently, retailers are focusing on delivering excellent service experiences. However, despite being a prominent topic in the retail sector, bibliometric and systematic reviews exploring omni-channels are scarce. To contribute to further research collaboration and expand knowledge in this subject area, a bibliometric study was conducted to examine omni-channel research trends, including publication outputs, notable journals, top-performing authors, leading countries, and author keywords. A total of 773 articles were acquired from Scopus databases from 2013 to March 2023. The findings revealed a continuous increase in the number of omni-channel publications each year, indicating its growing relevance in the retail industry. Among the 61 countries analysed, Chile had the highest number of active paper publications, followed by Sweden and Spain. The systematic analysis conducted using VOSviewer identified 2103 keywords. This research explores focal points in research, evaluates trends in evolution, visualizes collaboration networks, and identifies a prominent topic in the field of omni-channel research. Cluster analysis revealed prominent topics of interest within the omni-channel context, including the grocery, fashion, luxury, and tourism domains. As a result, this study provides an information and implementation direction for the development of omni-channel retailing.

This research aims to examine the meaning of Kaili ethnic cultural symbols to strengthen the values of Islamic education among the Kaili ethnic community. This research was conducted using a qualitative approach. The data collection technique in this research uses observation, interviews and documentation methods. Data analysis in this research uses single data analysis (individual case analysis), with the data analysis model from Miles and Huberman, through three paths of activities that occur simultaneously. This research found that there are sambulugana symbols and sintuvu symbols in organizing their daily life systems. These symbols are interpreted deeply because they have fundamental values. The sambulugana symbol teaches the concept of gratitude and resignation to God Almighty. Meanwhile, the sintuvu concept teaches the values of ukhuwah or cooperation between people. The sintuvu symbol reminds the Kaili ethnic community of how they live in interdependence with one another. The sintuvu symbol also teaches us not to create distance between relatives. So, as much as possible, maintain kinship relations even in buying and selling (exchanging goods).

This study focuses on the importance of imparting character values by incorporating local cultural wisdom, specifically Maja Labo Dahu, within the curriculum of Al-Maliki Islamic Junior High School. This research aims to uncover and evaluate the application of the moral principles associated with religious beliefs among students, using Maja Labo Dahu as a reference point. This particular study falls under the category of qualitative research. Data collection methods include conducting interviews, making observations, and gathering documentation. Data analysis techniques involve using reduction, presentation, and conclusion. The findings indicated that: Firstly, integrating the significance of Maja Labo Dahu into all pertinent materials; Secondly, enhancing educational methods that foster critical thinking, integrity, collaboration, appreciation for diversity, respect for differing viewpoints, reliability, tolerance, democracy, bravery in expressing ideas, and accountability. Maja Labo Dahu's character values are implemented when converting information for students and arranging programs, education, and specialized training centered around Maja Labo Dahu's character values. After that, assessments conducting observations are conducted concurrently to evaluate the progress of the learning process that has been executed with techniques that can promote Maja Labo Dahu's character. Utilizing Maja Labo Dahu as a form of indigenous cultural heritage can be a valuable asset to the communal existence. When viewed as a reflection of one's personality and beliefs, this particular value is highly suitable for nurturing a religious character.

The COVID-19 pandemic has impacted the world's economic and social crisis. The implementation of Social Distancing causes a fundamental change in the community's social behavior and a decrease in the level of the economy due to restrictions on mobility and economic activities. Difficulties from the government and industry to rise must be encouraged by initiatives and breakthroughs from the community to grow together with the emergence of social solidarity. Starting from this sense of empathy and concern, this paper analyzes the importance of developing social entrepreneurship and its supporting elements, namely altruism and social capital or trust, in realizing sustainable economic goals in overcoming the current social and economic problems. Using a literature review approach with content and comparative analysis approach, this article on the perspective of social entrepreneurship will touch on the paradigm of classical/conventional capitalist economic theory, which has the opportunity to be perfected by Islamic Economics. It is time for the economy to prioritize a socially oriented approach rather than a money-oriented one. So it is hoped that it will foster a sense of empathy and spread kindness which is a reflection of Islamic religious values, namely the principle of justice and the benefit of the people, as the ultimate goal to go to Falah (the glory of life in this world and the hereafter).