Religion and economic activities relationship is an evolving research topic in economics. Secular world-view usually put a side religiosity as just one of non-economic factors. However, religiosity is an important individual characteristic that has significant influence in shaping daily life decisions. Entrepreneurial intentions among undergraduates students need deeper study in order to reveal entrepreneurial intention formation model, intention determinant variables, how those variables interact each other, and how individual religiosity affect intention formation process and intention strength level. Based on Structural Equation Model, personal attitudes and social norms are the most important variables influencing entrepreneurial intentions, besides perceived behavioral control. These three variables are the most important entrepreneurial intentions determinant variable that direcly are influenced by personal beliefs about these factors. Religiosity plays an important role in entrepreneurial intention. Empirical test show that religious student group has stronger personal attitude towards entrepreneurial activity dan perceived behavior control compared to irreligious group.DOI: 10.15408/etk.v16i2.4963

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Estimation method of hedge ratio is a crucial step in hedging strategies in the commodity futures market. This study examines the effectiveness of hedging strategy against cash position in Indonesia's cocoa beans and Robusta coffee spot market using three hedge ratio estimation methods: OLS, Vector Error Correction Model, and Threshold-ARCH. The results show the hedging effectiveness in the Jakarta Futures Exchange is considerably highly effective to reduce the impact of fluctuations of spot price. The effectiveness of hedging strategy using OLS as the simplest method is close to VECM method and TARCH. Implementation OLS hedge ratio resulted the highest hedging effectiveness and give a strong support for market players in executing a hedging strategy in Jakarta Futures Exchange due to OLS simplicity in estimation procedure

The objectives of this study were to test the effectiveness of entrepreneurship education among Moslem undergraduate students, determinants of intentions, and the interactions between these variables and spirituality that determine the process. Spirituality influences student's' view on economic activity and interaction with their environment. The research subjects were Moslem students at the Faculty of Economics and Business of University of Indonesia that may be classified as a nascent entrepreneur: the group that is considering self-employment as a career choice. The techniques of data collection were interviews and questionnaires. The data were analyzed using a quantitative approach of Mann-Whitney U-test to test the effects of education among the groups of students who have received entrepreneurship education and groups that have not, as a control group. The results showed that (1) there are three factors that can identify entrepreneurial intentions which can be identified in detail with three indicators and (2) the effects of entrepreneurship education in shaping the entrepreneurial intentions which depends on student's' spirituality. Abstrak: Tujuan penelitian ini adalah menguji efektivitas edukasi kewirausahaan dalam memengaruhi variabel-variabel yang menjadi determinan niat serta bagaimana interaksi antar variabel tersebut dan spiritualitas menentukan prosespembentukan niat berwirausaha di kalangan mahasiswa Muslim. Spiritualitas, yang diukur dengan Spiritual well-being scale, mempengaruhi sikap mahasiswa terhadap aktivitas wirausaha dan interaksi dengan lingkungannya. Subjek penelitian adalah mahasiswa beragama Islam di Fakultas Ekonomi dan Bisnis Universitas Indonesia yang dapat digolongkan sebagai nascent entrepreneur yaitu kelompok yang sedang mempertimbangkan wirausaha sebagai salah satu pilihan karir mereka. Teknik pengumpulan data menggunakan wawancara dan kuesioner. Teknik analisis data menggunakan pendekatan kuantitatif dengan Mann-Whitney U-test untuk menguji perbedaan efek edukasi antara kelompok mahasiswa yang telah menerima edukasi kewirusahaan dan kelompok yang belum menerima edukasi tersebut. Hasil penelitian menunjukkan, bahwa (1) ada 3 faktor niat wirausaha yang dapat diidentifikasi lebih rinci dengan tiga indikator dan (2) efek edukasi kewirausahaan dalam membentuk niat wirausaha dipengaruhi spiritualitas Kata kunci: niat berwirausaha, kepercayaan, edukasi, spiritualitas