On the market, the number of newly founded fintech companies that involve sharia-compliant businesses has increased recently, one of them being the sharia-crowdfunding company. The company targets countries with large Muslim populations, such as Indonesia and Malaysia. Since the sharia compliance is unique, and thus it influences decision-making in a business. Therefore, we are driven to propose and develop an assessment tool to assist the investment signaling process for the sharia-compliant equity crowdfunding projects on Platform X. Platform X is one of the pioneers of real estate Islamic crowdfunding platforms investing in sharia-compliant real estate projects in Southeast Asia's emerging countries. The firm must examine new projects locally for each newly created branch country as the firm aims to open new branches in some predominantly Muslim countries. However, each newly founded branch country lacks a mature and uniform assessment tool for sharia-based projects, resulting in glaring problems in the 'portability' and time-consuming problem of assessing the projects. Therefore, this research provides a technique for assessing sharia-equity crowd fundraising decisions using a multi-criteria decision analysis (MCDA), namely TOPSIS. We combine the concept of equity crowdfunding, Islamic principles, and Sharia compliance to develop a tailored assessment tool for sharia-based projects. As a result, we present both theoretical and managerial implications, and we find that the assessment tool is robust as the evaluation result for the portability aspect and the fast computational time were successfully examined through a simple experiment.
The advancement in information technology is accelerating, affecting many industries. Government entities are one of the industries that have been affected. They adopt information technology (IT) to replace disorganized traditional business processes. This study observes that the IT innovation adoption in an organization will lead to some resistance. We bring a case of IT adoption to replace one part of a manual business process (letter management system) into a digitalized system called E-office in one of Indonesia’s governmental organizations. The adoption of IT causes some resistance within the organization, which motivates us to identify resistances before and during the adoption. We interview a team who oversees handling E-office implementation and discovered two types of resistances in technology adoption: delaying resistances and opposition resistances. Meanwhile, there are two types of behavioral resistances: reluctant compliance resistance and misguided application resistance. This research further provides details on the approaches used by the organization to mitigate resistances before and during the adoption of the E-office project's implementation.
The presence of software requirements change (RC) during project development is a critical challenge for the developer to offer software contract designs. Because under the presence of RC, the decisions toward the contract offer will impact to project’s price spent by the developer. Managers of software companies must decide what contract designs to offer to clients in the development of software. Abstracting from an example drawn from the software industry, we exhibit three designs of software contracts incorporating fixed price (FP) and time-and-materials (T&M) policies. Specifically, a software company offers a fixed-price and agree to RC with adjustment cost (SW contract), or initially provides a fixed price and then charges an additional fee based on the time-and-material in response to RC (MP contract). We examine the strategic choices of two contract designs in a two-stage game. We carry out a full analysis of distinct settings of monopoly model. We characterize the conditions under which the contracts can be the best decision for developers. As the result, we found that the MP contract performed better when accommodating the presence of RC instead of the SW contract.
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