Mohammad Yunies Edward

Sharia fintech lending grew up at the teenage stage and has successfully taken a strategic place in the Indonesian loan market. Adopting the economics of information and signaling theory, this paper investigates the probability of successful crowdfunding. Using cross-section data, this study analyzes 1,153 funded projects on Ammana.id platform, a well-known Indonesia’s sharia P2P lending. This study runs OLS regressions to examine the effect of loan information (ranking, estimated profit shares, and financing duration) on the amount of crowded funding. This finding support both theories, that the information about the loan is a signal in determining the success of project funding. Ranking and duration of financing significantly affect the success of the P2P sharia lending platform, nevertheless profit share estimation is not significant. Loans that operated in short, tend to raise more funding, and vice versa. Loan ranking can provide the lender with instant information about the borrowers’ condition. Lenders tend to avoid low rankings loans due to the potential failure of loan payments. This study also found a surprising result that the coefficient of profit sharing is positive for Islamic funding but insignificant. This result shows that material gain is not the main issue for investors, but the elements of trust and justice are nobler according to Islamic beliefs. This study proves that loan information as a low-cost signal can be used by investors to make the best decision and reduce adverse selection problems. The findings support the strategic growth of Islamic platforms to build a sustainable Islamic investment and maintain financial stability.

Acknowledgments
Appreciation is given to the General Directorate of Higher Education, Research and Technology, Ministry of Education, Culture, Research and Technology, and the Institute for Research and Community Service of Universitas Islam Nahdlatul Ulama (Unisnu) Jepara, Indonesia.

This study aims to evaluate how green HRM enhances sustainable performance in Indonesian SMEs by integrating green supply chain management and fostering pro-environmental behavior. By analyzing data from 645 SMEs across various industries, this paper explores the mediating effects of green supply chain management and pro-environmental behavior. The findings demonstrate that while green HRM has a direct negative impact on sustainable performance, its integration with green supply chain management and pro-environmental behavior significantly enhances sustainability outcomes. Additionally, green supply chain management and pro-environmental behavior mediate the relationship between green HRM and sustainable performance, indicating that green HRM indirectly fosters sustainability through these pathways. The study also shows that pro-environmental behavior moderates the effects of green HRM and green supply chain management on sustainable performance, strengthening both relationships. These results suggest that while green HRM alone may not directly improve sustainable performance, its integration with green supply chain management and pro-environmental behavior significantly enhances sustainability outcomes for SMEs. This study underscores the importance of fostering pro-environmental behavior and incorporating green supply chain practices within green HRM frameworks. It provides valuable contributions to the literature on sustainable business practices and offers practical guidance for SMEs to improve their sustainability performance.

Type of the article: Research Article

Abstract
Fraud remains a serious challenge for organizations because it can damage integrity, financial stability, and public trust. One of the main difficulties in overcoming fraud is understanding the factors that influence the occurrence of such actions, both from the individual and institutional side. This study aims to analyze the influence of factors that trigger fraud, both directly and through mediation and moderation mechanisms with a focus on legal ambiguity, rationalization, opportunity, and capability. The study was conducted on 333 managers of microfinance institutions in Central Java, Indonesia. Data were analyzed using SEM-PLS to test the direct and indirect relationships between variables. The results showed that legal ambiguity, rationalization, and work pressure had an effect on fraud. Rationalization mediation significantly strengthened the relationship between legal ambiguity and fraud, while mediation through opportunity and work pressure did not show a significant effect. Besides, moderation of capability on the relationship between rationalization and fraud was also significant, indicating that individuals with high capabilities tend to strengthen rationalization in committing fraud. Conversely, moderation of capability on work pressure and opportunity did not show significant results. These findings provide theoretical contributions to the development of risk management and organizational behavior literature, and offer practical insights for managers and policy makers to reduce fraud risks through improving regulatory structures, enforcing strict rules, and strengthening ethical values within organizations.

Acknowledgment
Thanks are expressed to the Directorate General of Higher Education, Research and Technology, Ministry of Education, Culture, Research and Technology for supporting this research. Thanks also go to the Institute for Research and Community Service (LPPM) of Unisnu Jepara Indonesia.