Mohamad Nur Utomo

@ubt.ac.id

Departement Management, Faculty of Economics
Universitas Borneo Tarakan

Mohamad Nur Utomo


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https://researchid.co/mnurutomo

EDUCATION

Doctoral

RESEARCH INTERESTS

Corporate Governance, Corporate finance, Environmental Management, Entrepreneurship
16

Scopus Publications

1397

Scholar Citations

16

Scholar h-index

26

Scholar i10-index

Scopus Publications

  • The strategic role of digital innovation in leveraging entrepreneurial training for business performance
    Mediaty, Julia Safitri, Harjum Muharam, Mohamad Nur Utomo, Anis Anshari Mas’ud
    World Development Sustainability, 2026
    This study addresses the access paradox within Indonesia's creative economy, where the availability of digital tools does not automatically correlate with superior business performance. It seeks to examine an integrated model explaining how human capital investment and technological resources relate to business performance. Adopting a dual theoretical lens of the Resource-Based View (RBV) and Dynamic Capabilities (DC) Theory, this study analyzes quantitative data from 616 creative economy actors in Indonesia using PLS-SEM. The results indicate that while entrepreneurship training and digital platforms are positively associated with business performance, their primary strategic value is observed through indirect pathways. Digital innovation is identified as a central dynamic capability, facilitating the link between investments in training, platform use, and financial outcomes. This study bridges the RBV and DC theories by empirically illustrating the associative mechanisms of resource orchestration in the creative sector. The findings suggest that success in the digital age is linked to the dynamic capability to innovate, offering implications for policymakers to shift from providing passive access to fostering active innovation environments.
  • Optimizing the creative economic potential of tourism villages: The impact of financial inclusion and Pentahelix partnerships
    Mohamad Nur Utomo, Irawati HM, Farid Helmi Setyawan
    Heritage and Sustainable Development, 2025
    This study aims to analyze the effect of financial inclusion on the development of creative economic potential in tourist villages and evaluate the role of Pentahelix partnership as a moderating variable. A quantitative approach was used through a survey method of 193 creative economy businesses in Tana Kuning Tourism Village, North Kalimantan. Data analysis was conducted using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) technique. The results showed that financial inclusion has a positive and significant effect on creative economic potential. Meanwhile, the interaction of Pentahelix partnership and financial inclusion has a positive but limited significant effect, indicating that the partnership plays a moderating role that is not yet optimal. The limitation of the study lies in the statistically limited measurement of Pentahelix partnership as a moderating variable, which indicates the need for further exploration of non-technical factors such as social dynamics, culture, and regional regulations. The practical implications of the findings highlight the importance of cross-sector collaborative policies to encourage local wisdom-based financial inclusion. The originality of this research lies in the integration of the resource-based view and stakeholder theory in building an empirical model of financial inclusion, strengthened by Pentahelix partnership synergy in the context of the creative economy of tourist villages in border areas.
  • Formulating Creative Industry Competitiveness Enhancement Strategies in Banda Aceh, Indonesia Using an Analytical Hierarchy Process
    Devi Ayuni, Mohamad Nur Utomo, Ami Pujiwati, Julia Safitri
    Brazilian Business Review, 2024
    This study aims to formulate strategic steps fopr increasing the competitiveness of the creative industry, especially the craft subsector in Banda Aceh, Indonesia. The primary data in this study were obtained through interviews and questionnaires for stakeholders who have an interest in, and understand the development of, creative industries in Banda Aceh. Data analysis used a multi-criteria approach (MCA) with the Analytical Hierarchy Process (AHP) method and the Expert Choice application. The study results determined 3 (three) main strategies for increasing competitiveness, namely: chance, the role of government, and demand conditions, each having important subcriteria including technological tools, policies, and product variations. In addition, there must be established an an optimistic alternative as a priority strategy for increasing the competitiveness of the creative industry in the craft subsector in Banda Aceh. The study’s contribution lies in offering actionable guidelines that creative industry stakeholders can implement in order to enhance the competitiveness of their sectors in both domestic and international markets.
  • Small and medium-sized enterprises dynamic capabilities and competitive advantage: The mediating effect of digitalization
    Murry Harmawan Saputra, Mohamad Nur Utomo, Kasmad Ariansyah, Yanuar Farida Wismayanti, Rahmat Husein Andri Ansyah, Koeswinarno, Suradi
    Entrepreneurial Business and Economics Review, 2024
    Objective: The aim of the article is to examine the interplay among dynamic capabilities, digitalization, and competitive advantage, with a specific focus on exploring the mediating influence of digitalization in the relationship between dynamic capabilities and competitive advantage among small and medium-sized enterprises (SMEs) in the Indonesian context. Research Design & Methods: We utilized a survey method for the collection of primary data. The respondents were SME founders in the provinces of Central Java and North Kalimantan, Indonesia, with a minimum of one year of business engagement. Moreover, we utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) analysis on 230 collected responses to examine the proposed hypotheses on the relationships among dynamic capabilities, digitalization, and competitive advantage. Findings: We found that dynamic capabilities, except for coordinating capability, positively influence the implementation of digitalization. This highlights the role of these capabilities in utilizing digital technologies effectively. The study also revealed a positive relationship between digitalization and SME competitive advantage. Furthermore, the study showed the significant role of digitalization in mediating the associations between sensing capability, learning capability, integrating capability, and competitive advantage. These findings underscore the importance of developing dynamic capabilities to facilitate digitalization for enhancing competitive advantage in the digital era. Implications & Recommendations: The study’s implications for SMEs seeking to enhance competitive advantage through digitalization include the importance of improving sensing capability for market understanding, cultivating a learning culture for employee tech updates, and strengthening integrating capability by seamlessly incorporating digital technology into existing processes and functions. Contribution & Value Added: While many studies have concentrated on evaluating the direct impact of dynamic capabilities on firm competitive advantage or exploring different mediating factors, this research explored the indirect effects of SME’s dynamic capabilities on competitive advantage, delving into digitalization’s mediating role.
  • RETURN DISPERSION AND PRICE VOLATILITY: A MODERATED ANALYSIS ON PORTFOLIO MANAGEMENT STRATEGIES
    Najmudin Najmudin, Arintoko Arintoko, Sudarto Sudarto, Mohamad Nur Utomo
    Polish Journal of Management Studies, 2024
  • Innovation to Improve the Village Economy Through the Development of Local Wisdom-Based Agro-Tourism, in North Kalimantan, Indonesia
    Mohamad Nur Utomo, Kaujan Kaujan, Ahmad Mubarak
    Agris on Line Papers in Economics and Informatics, 2023
    Several villages in North Kalimantan Province have been potentially suitable to be developed through local wisdom-based agro-tourism. The development of agro-tourism is considered as research background because of the positive impact of agro-tourism on social, economic and environmental aspects of the villages. The objective of this research is to identify development potentials of villages in North Kalimantan Province and to select village to be developed through local wisdom-based agro-tourism. Research type is descriptive research using methods of scoring and Analytical Hierarchy Process. Data type is primary and secondary. Research sample is tourist villages in North Kalimantan Province. Several results of research were obtained. One result showed that three main criteria for developing villages through local wisdom-based agro-tourism are agricultural and plantation resources, facility and accessibility. Other result revealed that Panca Agung Village in Bulungan Regency of North Kalimantan Province is selected for the project of local wisdom-based agro-tourism. Agro-tourism development is expected to contribute the sustainable development at local, regional, national and international levels.
  • IMPROVING COMPETITIVENESS OF SMALL AND MEDIUM ENTERPRISES BASED ON LOCAL LEADING PRODUCTS IN TARAKAN CITY, INDONESIA
    Mohamad Nur Utomo, Kaujan Kaujan, Widyastuti Cahyaningrum
    Acta Logistica, 2022
    The competitiveness of SMEs is enhanced by compiling a map consisting of local superior employment sectors and local superior products. This study aims to identify and map the work sector and products of Small and Medium Enterprises that need to be developed to become the local carrying capacity of Tarakan City. Sources of data include primary data (questionnaires from respondents) and secondary data (GRDP data for the city of Tarakan). Data analysis methods include Location Quotient (LQ), Klassen Typology, and Analytical Hierarchy Process (AHP). The results showed that the fishery-based processing industry is an employment sector that has great potential to become a local leading sector in Tarakan City. The results also reveal that the competitiveness of SMEs can be increased by developing local superior products. This development must meet three criteria, respectively: development must be oriented towards the conservation of resources and the environment; its development must only involve products with local raw materials and local uniqueness, and its development is supported by local communities. Another finding is about three priority local superior products, namely Dried Fish/Peyek Pepija, Shredded Milkfish, and Amplang Milkfish Crackers. These results can be used as a basis for making policies regarding the development of a country's local superior products.
  • The influence of dividend policy, investment opportunity and capital adequacy to firm value: Evidence in Indonesia banking companies
    International Journal of Scientific and Technology Research, 2020
  • Managerial opportunistic behavior and firm value: Empirical study of manufacturing companies in Indonesia
    Jeudi Agustina TP Sianturi, Sugeng Wahyudi, Irene Rini Demi Pangestuti, Mohamad Nur Utomo
    Management Science Letters, 2020
    Article history: Received: February 16, 2020 Received in revised format: March 27 2020 Accepted: March 29, 2020 Available online: March 30, 2020 This paper aims to investigate the relationship between managerial opportunistic behavior and the value of manufacturing companies listed on the Indonesia Stock Exchange, using two different indicators of company value. The first indicator looks at the value of the company from a less than ideal size and other indicators view the value of the company from the ideal size. By using 320 observations, the results of this study found evidence that managerial opportunistic behavior that is proxied by free cash flow plays a role in influencing the overvalued equity proxied by market books. Likewise, free cash flow plays an important role on influencing Tobin q. This study also establishes an indirect relationship of free cash flow to overvalued equity and Tobin q which is mediated by dividend policy. Empirical results show that dividend policy mediates the effect of free cash flow on overvalued equity and also Tobin q partially. © 2020 by the authors; licensee Growing Science, Canada
  • Environmental performance, environmental disclosure, and firm value: empirical study of non-financial companies at Indonesia Stock Exchange
    Mohamad Nur Utomo, , Sri Rahayu, Kaujan Kaujan, Soni Agus Irwandi, , and
    Green Finance, 2020
    This research is aimed to examine the effect of environmental performance on firm value with environmental disclosure as a mediation variable. Sample of research is non-financial companies at the Indonesia Stock Exchange that have followed the Environmental Performance Assessment Program (PROPER) held by the Ministry of Life Environment and Forestry. The data analysis method is Structural Equation Modeling-Partial Least Square (SEM-PLS), and the analysis operation is facilitated by the software of WarpPLS 6.0. The result of analysis has given a few findings. One is that environmental performance has a positive effect on firm value and environmental disclosure. Other result shows that environmental disclosure does not affect firm value and does not mediate the effect of environmental performance on firm value. In general, all the results support the stakeholder theory and the resource-based view theory. Companies with environmentally friendly commitments can be a strategy in creating higher firm value.
  • The Role of Business Strategies and Financial Decisions in Preparing for International Market Entry and Improving SMEs’ Performance: An Entrepreneurial Finance Perspective
    Harjum Muharam, Maria Rio Rita, Isfenti Sadalia, Asep Mulyana, Mohamad Nur Utomo
    International Journal of Financial Research, 2020
  • Does green business improve corporate image and firm value?
    International Journal of Scientific and Technology Research, 2019
  • How does good corporate governance create customer trust? The role of service quality and corporate image
    Quality Access to Success, 2019
  • Linking ownership concentration to firm value: Mediation role of environmental performance
    Journal of Environmental Management and Tourism, 2019
  • Commissioner board monitoring to create firm performance through environmentally friendly management
    Journal of Environmental Management and Tourism, 2018
  • Strategy to improve firm performance through operational efficiency commitment to environmental friendliness: Evidence from indonesia
    Mohamad Nur Utomo, Sugen Wahyudi, Harjum Muharam, Maximus Leonardo Taolin
    Organizations and Markets in Emerging Economies, 2018

RECENT SCHOLAR PUBLICATIONS

  • PERAN BUDAYA ORGANISASI DALAM MEMPERKUAT HUBUNGAN ANTARA INTEGRITAS DAN KOMPETENSI TERHADAP KINERJA PEGAWAI INSPEKTORAT KABUPATEN MALINAU
    R Jalung, MN Utomo
    Holistic Journal of Management Research 11 (1), 71-84 , 2026
    2026
  • PERAN FASILITAS KERJA DAN KEPUASAN KERJA MELALUI PERSEPSI DUKUNGAN ORGANISASI SEBAGAI PEMEDIASI DALAM MENINGKATKAN PRODUKTIVITAS PEGAWAI DI UPTD PUSKESMAS MALINAU KOTA: Bahasa …
    Sadariah, MN Utomo
    Holistic Journal of Management Research 11 (1), 28-46 , 2026
    2026
  • Financial Literacy, Future Orientation, and Retirement Planning: The Mediating Role of Consumptive Lifestyle among Public Employees
    L Kurniawan, MN Utomo, M Rahmawati
    Jurnal Ekonomika 17 (1), 89-104 , 2026
    2026
  • Inklusi Keuangan sebagai Pilar Manajemen Keuangan Berkeadilan: Membangun Pembiayaan Industri Kreatif Berbasis Gender dan Kearifan Lokal
    MN Utomo
    ORASI ILMIAH PENGUKUHAN GURU BESAR, https://doi.org/10.13140/RG.2.2.27876.74 , 2026
    2026
  • Menggali Potensi Mahasiswa Melalui Workshop Kepemimpinan dan Inovasi Bisnis di Wilayah Perbatasan
    S Shalahuddin, MN Utomo, K Kaujan, T Sugiati, B Hasyim, RN Islami, ...
    Jurnal Pengabdian Masyarakat Bhinneka 4 (4), 4675-4680 , 2026
    2026
  • The Strategic Role of Digital Innovation in Leveraging Entrepreneurial Training for Business Performance
    Mediaty, J Safitri, H Muharam, MN Utomo, AA Mas'ud
    World Development Sustainability, 100300 , 2026
    2026
    Citations: 2
  • Beyond the Classroom: Empowering Border University Students through Leadership and Business Innovation Workshops
    S Shalahuddin, MN Utomo, K Kaujan, T Sugiati, B Hasyim, RN Islami, ...
    Jurnal Akademik Pengabdian Masyarakat Ichsan Sidenreng Rappang 2 (2), 18-25 , 2025
    2025
  • Kompleksitas Industri dalam Memoderasi Hubungan antara Kompensasi Manajemen dan Kinerja Perusahaan Manufaktur di Indonesia
    MN Utomo, FC Putri, N Nurhasanah, K Kaujan
    Prosiding Seminar Nasional Forum Manajemen Indonesia 3, 467-481 , 2025
    2025
  • Organizational Support and Job Satisfaction as Key Factors in Reducing Healthcare Workers' Turnover Intention
    MN Utomo, A Andriansyah
    Jurnal Ekonomika 16 (2), 392-414 , 2025
    2025
  • Motivasi, Kemampuan Kerja, dan Dukungan Organisasi sebagai Determinan Kinerja Pengurus Barang di OPD Kabupaten Malinau
    HV Salong, MN Utomo
    FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi 27 (4), 903-915 , 2025
    2025
  • Optimizing the creative economic potential of tourism villages: The impact of financial inclusion and Pentahelix partnerships
    MN Utomo, I HM, FH Setyawan
    Heritage and Sustainable Development 7 (2), 1071-1088 , 2025
    2025
    Citations: 1
  • KUALITAS LAYANAN SEBAGAI VARIABEL MEDIASI PENGARUH KUALITAS PRODUKSI TERHADAP KEPUASAN PELANGGAN E-COMMERCE
    N Masnun, MN Utomo
    ECO-BUILD; Economy Bring Ultimate Information All About Development Journal … , 2025
    2025
  • AKUNTANSI SYARIAH
    A Qodari, SE Ak, M Ak, M Ihsan, S TP, H Sudarwadi, T Kartika, M Albahi, ...
    CV Rey Media Grafika , 2025
    2025
  • Peran Kepemimpinan Kepala Desa dan Sumber Daya Desa terhadap Pembangunan Masyarakat dengan Moderasi Tingkat Partisipasi Warga: Studi di Desa Lubak Manis, Kecamatan Malinau …
    Helen, MN Utomo
    FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi 27 (3), 598-611 , 2025
    2025
  • Formulating Creative Industry Competitiveness Enhancement Strategies in Banda Aceh, Indonesia Using an Analytical Hierarchy Process
    D Ayuni, MN Utomo, A Pujiwati, J Safitri
    BBR. Brazilian Business Review 22, e20231697 , 2025
    2025
  • Eksplorasi Peran Pengembangan Kapasitas SDM sebagai Moderator dalam Hubungan Keterampilan, Kompetensi, dan Profesionalisme terhadap Kualitas Pelayanan Publik
    Gilen, MN Utomo, Ariani
    FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi 27 (2), 329-339 , 2025
    2025
  • Entrepreneurial Personality as a Moderator in the Relationship between Financial Attitudes and Financial Knowledge on Financial Management Behavior
    R Rosiana, MN Utomo, AH Loong, SL Sondoh, JP Sidin, S Gulabdin
    Advances: Jurnal Ekonomi & Bisnis 3 (2), 66-82 , 2025
    2025
    Citations: 3
  • Optimalisasi ekonomi sirkulasi melalui daur ulang sampah dan digitalisasi manajemen pada bank sampah
    MN Utomo, SR Pratiwi, FH Setyawan
    BERNAS: Jurnal Pengabdian Kepada Masyarakat 6 (2), 1101-1107 , 2025
    2025
    Citations: 5
  • Pengembangan Kewirausahaan Kreatif Melalui Youtuber: Studi Pada Mahasiswa dan Generasi Z
    MN Utomo, W Cahyaningrum, RN Islami
    Jurnal Pengabdian Masyarakat: Pemberdayaan, Inovasi dan Perubahan 5 (1) , 2025
    2025
    Citations: 3
  • PERAN MOTIVASI KERJA, LINGKUNGAN KERJA, DAN KEPUASAN KERJA TERHADAP KINERJA PEGAWAI; Studi Pada Dinas Sosial Kota Tarakan
    M Akbar, MN Utomo
    ECO-BUILD; Economy Bring Ultimate Information All About Development Journal … , 2025
    2025

MOST CITED SCHOLAR PUBLICATIONS

  • Ramah Lingkungan dan Nilai Perusahaan
    MN Utomo
    Jakad Publishing , 2019
    2019
    Citations: 210
  • Kajian strategi pengembangan usaha mikro kecil dan menengah (UMKM) di kota tarakan
    A Ariani, MN Utomo
    Jurnal Organisasi dan Manajemen 13 (2), 99-118 , 2017
    2017
    Citations: 207
  • Penerapan internet marketing dalam meningkatkan pendapatan pada UMKM
    D Harto, SR Pratiwi, MN Utomo, M Rahmawati
    JPPM (Jurnal Pengabdian Dan Pemberdayaan Masyarakat), 39-45 , 2019
    2019
    Citations: 191
  • Environmental performance, environmental disclosure, and firm value: empirical study of non-financial companies at Indonesia Stock Exchange
    MN Utomo, S Rahayu, K Kaujan, SA Irwandi
    Green Finance 2 (1), 100–113 , 2020
    2020
    Citations: 137
  • Environmental performance, environmental disclosure, and firm value: empirical study of non-financial companies at Indonesia Stock Exchange
    MN Utomo, S Rahayu, K Kaujan, SA Irwandi
    Green Finance 2 (1), 100–113 , 2020
    2020
    Citations: 137
  • Hubungan Kompetensi kewirausahaan dan kinerja usaha: Studi empiris UMKM di Kota Tarakan
    N Hasanah, MN Utomo, H Hamid
    Open Journal System (OJS) , 2018
    2018
    Citations: 50
  • Green Business: Strategi Membangun Kewirausahaan Berdaya Saing dan Berkelanjutan
    MN Utomo, MR Rita, SR Pratiwi, I Puspitasari
    Syiah Kuala University Press , 2022
    2022
    Citations: 49
  • THE ROLE OF ENTREPRENEUR CHARACTERISTIC AND FINANCIAL LITERACY IN DEVELOPING BUSINESS SUCCESS
    MN Utomo, W Cahyaningrum, K Kaujan
    Jurnal Manajemen Bisnis 11 (1), 26-42 , 2020
    2020
    Citations: 40
  • Strategies for maintaining SMEs performance during Covid-19 pandemic
    MN Utomo, I Ariska, SR Pratiwi, K Kaujan
    International Journal of Social Science and Business 5 (1), 34-43 , 2021
    2021
    Citations: 36
  • Small and medium-sized enterprises dynamic capabilities and competitive advantage: The mediating effect of digitalization
    MH Saputra, MN Utomo, K Ariansyah, YF Wismayanti, RHA Ansyah
    Entrepreneurial Business and Economics Review 12 (3), 41-67 , 2024
    2024
    Citations: 35
  • Efek Mekanisme Good Corporate Governance dan Kinerja Keuangan terhadap Nilai Perusahaan
    I Ariska, MN Utomo
    Jurnal Manajemen 11 (1), 43-62 , 2021
    2021
    Citations: 29
  • An entrepreneurial finance study: MSME performance based on entrepreneurial and financial dimensions
    MR Rita, MN Utomo
    Jurnal Keuangan dan Perbankan 23 (2), 217-234 , 2019
    2019
    Citations: 28
  • Peran good corporate governance dalam meminimalisir terjadinya financial distress
    WM Saâ, MN Utomo
    BISMA: Jurnal Bisnis Dan Manajemen 15 (1), 36-46 , 2021
    2021
    Citations: 25
  • PERAN LITERASI KEUANGAN DALAM MENINGKATKAN KINERJA UKM DIKOTA TARAKAN
    MN Utomo, K Kaujan
    Jurnal Manajemen Indonesia 19 (2), 139-148 , 2019
    2019
    Citations: 22
  • Peran Kepemilikan Terkonsentrasi Terhadap Nilai Perusahaan Dengan Efisiensi Operasional Sebagai Variabel Mediasi
    MN Utomo, SR Pratiwi, Kaujan
    Jurnal Riset Akuntansi dan Keuangan 7 (3), 583-600 , 2019
    2019
    Citations: 21
  • How does Good Corporate Governance create Customer Trust? The Role of Service Quality and Corporate Image
    ML Taolin, MN Utomo, S Wahyudi, IRD Pangestuti
    2019
    Citations: 20
  • The Influence Of Dividend Policy, Investment Opportunity And Capital Adequacy To Firm Value: Evidence In Indonesia Banking Companies
    J Safitri, M Fuady, S Wahyudi, W Mawardi, MN Utomo
    International Journal of Scientific and Technology Research 9 (2), 764-767 , 2020
    2020
    Citations: 17
  • Innovation to Improve the Village Economy Through the Development of Local Wisdom-Based Agro-Tourism, in North Kalimantan, Indonesia
    MN Utomo, K Kaujan, A Mubarak
    AGRIS on-line Papers in Economics and Informatics 15 (2), 115-131 , 2023
    2023
    Citations: 16
  • STRATEGY TO IMPROVE FIRM PERFORMANCE THROUGH OPERATIONAL EFFICIENCY COMMITMENT TO ENVIRON MENTAL FRIENDLINESS: EVIDENCE FROM INDONESIA
    MN Utomo, S Wahyudi, H Muharam, ML Taolin
    Organizations and Markets in Emerging Economies 9 (1) , 2018
    2018
    Citations: 16
  • ANALISIS PENERAPAN GREEN BUSINESS TERHADAP KINERJA UKM DI KOTA TARAKAN
    MN Utomo, SR Pratiwi
    Jurnal Akuntansi, Keuangan, Pajak dan Informasi 1 (1), 113-121 , 2021
    2021
    Citations: 15