The development of business, economic and management sectors are progressing rapidly that now its focus shift to issues of innovation, entrepreneurship, finance, marketing, operations management, human resources, accounting, Islamic economics, banking, business, and other management. With that in mind, two President University lecturers of Management Study Program, Jhanghiz Syahrivar, S.E., M.M. and Dr. Ir. Chairy, S.E., M.M. composed a research paper entitled “The Role of Religious Commitment and Conspicuous Consumption in Predicting Compulsive Buying of Islamic Goods: A Case Study of Muslim Consumers in Indonesia”.
This research paper secured the Best Paper award at the International Conference of Business, Economy, Entrepreneurship, and Management (ICBEEM) on the theme “Competitive Economy of Business and Environmental Management in Entrepreneurial and Industry 4.0”. Held in Yogyakarta, Indonesia on 9-10 October 2019, the ICBEEM served as a platform for academics, researchers, practitioners to discover, predict, and share knowledge of the latest business developments, innovations, and entrepreneurship.
Chairy, who currently serves as the Secretary of the President University Foundation, was the one to present their manuscript that is based on the assumption that halal consumptions are not always religiously motivated. With the lack of exploration of the consumption of Islamic goods as a form of compensatory mechanism within Islamic management research, Jhanghiz, who currently pursues his doctoral degree at Corvinus University, Hungary, and Chairy brought attention to two variables, namely religious commitment and conspicuous consumption. The two variables had been observed to contribute to the prediction of the compulsive buying behavior of Islamic goods.
The completion of this research led to three findings, as stated by the two lecturers, “Muslim consumers who are less committed in religious practices would compensate through status-conveying Islamic goods, conspicuous consumption has a strong and positive relationship with compulsive buying of Islamic goods and conspicuous consumption and compulsive buying may belong to a wider construct called compensatory consumption.”
As part of the accepted papers within the conference, Scitepress will then publish their paper in proceeding for further indexing to SCOPUS.