Toward a Business Resilience Model: The Case of Sharia Property in Surabaya Raya Area during COVID-19 Pandemic



Abstract Views
708

Downloads
535

Citations

Share

##plugins.themes.bootstrap3.article.sidebar##

Submitted Jul 22, 2021
Published Aug 13, 2021
10.24018/ejbmr.2021.6.4.986

Abstract viewed = 708 times

Table of Contents

##plugins.themes.bootstrap3.article.main##

This study aims at examining how sharia property can build resilience during COVID-19 pandemic and to provide a business resilience model by exploring its capabilities to be resilient during COVID-19 pandemic. The empirical results from a case study of sharia developer located in Surabaya Area, show that the strengthening of the developers’ commitment, strengthening cash flow management, enhancing, and deploying knowledge stock about sharia property, and emerging dynamic capability to respond to the shock and maintain the business continuity of sharia property during COVID-19 pandemic.

We contribute to extant business and management literature about the concept of business resilience of sharia property by proposing a model about how sharia property builds its business resilience during COVID-19 pandemic.

Keywords: COVID-19, resilience, sharia property

Downloads

Download data is not yet available.

References

  1. C. Sohrabi et al., “World Health Organization declares global emergency: A review of the 2019 novel coronavirus (COVID-19),” Int. J. Surg., vol. 76, no. February, pp. 71–76, 2020, doi: 10.1016/j.ijsu.2020.02.034.
     Google Scholar
  2. Worldmeter, “Coronavirus Cases - Worldometer,” https://www.worldometers.info/coronavirus/, 2021. .
     Google Scholar
  3. B. Nugraha, L. K. Wahyuni, H. Laswati, P. Kusumastuti, A. B. Tulaar, and C. Gutenbrunner, “COVID-19 pandemic in Indonesia: Situation and challenges of rehabilitation medicine in Indonesia,” Acta Med. Indones., vol. 52, no. 3, pp. 299–305, 2020.
     Google Scholar
  4. S. T. Ponis and A. Ntalla, “Crisis Management Practices and Approaches: Insights from Major Supply Chain Crises,” Procedia Econ. Financ., vol. 39, no. November 2015, pp. 668–673, 2016, doi: 10.1016/s2212-5671(16)30287-8.
     Google Scholar
  5. M. Nicola et al., “The socio-economic implications of the coronavirus pandemic (COVID-19): A review,” Int. J. Surg., vol. 78, no. March, pp. 185–193, 2020, doi: 10.1016/j.ijsu.2020.04.018.
     Google Scholar
  6. M. Sohlberg, “Indonesia Property Market Outlook 2020: A Complete Overview,” https://www.asiapropertyhq.com/indonesia-property-market/, 2021. .
     Google Scholar
  7. C. Ferlito, “Kondisi Ekonomi dan Pasar Properti Indonesia Setelah,” no. June, 2020, doi: 10.13140/RG.2.2.34691.53285.
     Google Scholar
  8. Bank Indonesia, “Residential Property Survey,” 2021. [Online]. Available: https://www.bi.go.id/en/publikasi/survei/harga-properti-primer/Default.aspx.
     Google Scholar
  9. Otoritas Jasa Keuangan, “Statistik Perbankan Indonesia,” Indones. Bank. Stat., vol. 18, no. 12, 2020, [Online]. Available: http://www.elsevier.com/locate/scp.
     Google Scholar
  10. Real Estate Indonesia, “Bisnis Properti Syariah Bakal Tumbuh di Atas 10 Persen,” https://www.rei.or.id/newrei/berita-bisnis-properti-syariah-bakal-tumbuh-di-atas-10-persen.html, 2021. http://rei.or.id/newrei/berita-bisnis-properti-syariah-bakal-tumbuh-di-atas-10-persen.html.
     Google Scholar
  11. I. Budhiman, “Bagaimana Nasib Bisnis Properti Syariah di Tengah Pandemi Corona,” https://ekonomi.bisnis.com/read/20200511/47/1239184/bagaimana-nasib-bisnis-properti-syariah-di-tengah-pandemi-corona, 2021.
     Google Scholar
  12. Dirwan, “Pengaruh Tingkat Religisitas pada Keputusan Buying Properti Syariah Non Bank (Studi Kasus pada Buyer Griya Baiti Jannati Residence),” vol. 2, pp. 53–75, 2019, doi: 10.5281/zenodo.2649815.
     Google Scholar
  13. K. Ratnasari, “Mengenal Seluk Beluk Properti Syariah : Ciri Khas, Sistem KPR, Hingga Developer Syariah,” https://artikel.rumah123.com/mengenal-seluk-beluk-properti-syariah-ciri-khas-sistem-kpr-hingga-developer-syariah-50353#DFyAMetC6FEwdUz7.99, 2021. .
     Google Scholar
  14. B. Zohuri and M. Moghaddam, “A General Approach to Business Resilience System (BRS),” Scifed J. Artif. Intell., vol. 1:3, no. September, 2018.
     Google Scholar
  15. J. Fiksel, “Designing Resilient, Sustainable Systems,” Environ. Sci. Technol., vol. 37, no. 23, pp. 5330–5339, 2003, doi: 10.1021/es0344819.
     Google Scholar
  16. B. Walker et al., “Resilience Management in Social-ecological Systems : a Working Hypothesis for a Participatory Approach,” vol. 6, no. 1, 2002.
     Google Scholar
  17. Coupa, “Building Resilience in Times of Business Uncertainty,” 2020.
     Google Scholar
  18. C. Palmer and A. Bolderston, “A Brief Introduction to Qualitative Research,” vol. 5930, no. March 2006, 2018, doi: 10.1016/S0820-5930(09)60112-2.
     Google Scholar
  19. A. Cropley, “Introduction to Qualitative Research Methods,” pp. 0–188, 2019, doi: 10.13140/RG.2.1.3095.6888.
     Google Scholar
  20. N. Mack, C. Woodsong, K. M. MacQueen, G. Guest, and E. Namey, Qualitative Research Methods: A Data Collector’s Field Guide. 2005.
     Google Scholar
  21. M. B. Miles, M. Huberman, and J. Saldana, Qualitative Data Analysis: A Methods Sourcebook, 3rd ed. California: SAGE Publishing, 2014.
     Google Scholar
  22. C. Biaggi and S. Wa-mbaleka, “Grounded Theory : A Practical Overview of the Glaserian School,” no. July, 2018, doi: 10.7719/jpair.v32i1.573.
     Google Scholar
  23. M. Bergami, M. Corsino, A. Daood, and P. Giuri, “Being resilient for society : evidence from companies that leveraged their resources and capabilities to fight the COVID- ­ 19 crisis,” pp. 1–20, 2021, doi: 10.1111/radm.12480.
     Google Scholar
  24. R. M. Morgan and S. Hunt, “The Commitment-Trust Theory of Relationship Marketing,” J. Mark., vol. 58, no. December, 1994, doi: 10.2307/1252308.
     Google Scholar
  25. F. Bahri Korbi, K. Ben-Slimane, and D. Triki, “How do international joint ventures build resilience to navigate institutional crisis? The case of a Tunisian-French IJV during the Arab-Spring,” J. Bus. Res., vol. 129, no. February, pp. 157–168, 2021, doi: 10.1016/j.jbusres.2021.02.059.
     Google Scholar
  26. M. R. Hidayah, K. Nawawi, and S. Arif, “Analisis Implementasi Akad Istishna Pembiayaan Rumah (Studi Kasus Developer Property Syariah Bogor),” Ekon. Islam, vol. 9, pp. 1–12, 2018.
     Google Scholar
  27. G. F. W. Al Qorni, “Keputusan Pembelian Properti Syariah Tanpa Bank: Analisis Pengaruh Faktor Harga, Lingkungan Perumahan dan Religiositas,” 2020.
     Google Scholar
  28. Y. B. Suhartoko, “Bagaimana pandemi COVID-19 bisa memicu krisis perbankan di Indonesia,” https://theconversation.com/bagaimana-pandemi-covid-19-bisa-memicu-krisis-perbankan-di-indonesia-142559, 2021. https://theconversation.com/bagaimana-pandemi-covid-19-bisa-memicu-krisis-perbankan-di-indonesia-142559.
     Google Scholar
  29. Salisbury, “Business Resilience: Through Precise Cash Flow Management,” https://www.salisburys.net.au/business-resilience-through-precise-cash-flow-management/, 2021. .
     Google Scholar
  30. B. Alao and L. Oladejo, “Coronavirus Pandemic and Business Disruption : The Consideration of Coronavirus Pandemic and Business Disruption : The Consideration of Accounting Roles in Business Revival,” no. May, 2020.
     Google Scholar
  31. CPA Ontario, “Business Continuity with Effective Cash Flow Management | CPA Ontario,” https://www.cpaontario.ca/covid-19-resources/business-continuity-with-effective-cash-flow-management, 2021. https://www.cpaontario.ca/covid-19-resources/business-continuity-with-effective-cash-flow-management.
     Google Scholar
  32. W. Dyduch, P. Chudzi, S. C. Id, and M. Z. Id, “Dynamic capabilities , value creation and value capture : Evidence from SMEs under Covid-19 lockdown in Poland,” PLoS One, vol. 16, pp. 1–28, 2021, doi: 10.1371/journal.pone.0252423.
     Google Scholar


Most read articles by the same author(s)