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All Journal Bisnis, Jasa dan Keuangan The Nexus Journal of Education, Management, and Entrepreneurship
Razafitahindraza Erica Feyzine Sulla
Université de Toliara
Economics, Econometrics & Finance

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Investing in Madagascar and Exploring Trends in Business, Services, and Financial Development Rakotoniriana Noelisoa Jean Michel; Razafitahindraza Erica Feyzine Sulla; Hangivola Emyblonde Ratna
Bisnis, Jasa dan Keuangan Vol. 2 No. 2 (2026): BISNIS JASA DAN KEUANGAN
Publisher : Yayasan Cendekia Citra Gemilang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61798/qbngej92

Abstract

This study examines investment dynamics and emerging trends in business, service sector development, and financial systems in Madagascar, with the aim of understanding how these elements interact to shape economic transformation. Using a qualitative approach, data were collected from 35 key informants representing public institutions, private enterprises, financial services, and development organizations. The findings reveal that investment plays a central role in driving economic activity; however, its impact remains uneven across sectors and regions, with a strong concentration in export-oriented agriculture and selected urban services. Entrepreneurial activity is expanding, yet it continues to face significant structural barriers, including limited access to finance, regulatory challenges, and weak infrastructure. The service sector shows gradual growth, particularly through digital financial services such as mobile money, which have improved financial inclusion, although the depth and diversity of services remain limited. The study also highlights the importance of governance and decentralization in shaping investment outcomes, with inconsistent implementation affecting efficiency and accountability. Furthermore, sectoral dependency on primary commodities increases vulnerability to external shocks, while digital transformation emerges as a promising but underutilized driver of service sector development. The study concludes that Madagascar’s economic progress is constrained by structural and institutional challenges, requiring coordinated efforts to enhance infrastructure, strengthen financial systems, promote diversification, and support digital adoption. These findings provide important insights for policymakers and stakeholders seeking to foster inclusive and sustainable economic development
Career Guidance in High School to Reduce University Dropout in Madagascar Rakotoniriana Noelisoa Jean Michel; Ralaivao Hanginiaina Emynorane; Razafitahindraza Erica Feyzine Sulla; Hangivola Emyblonde Ratna
The Nexus Journal of Education, Management, and Entrepreneurship Vol. 1 No. 2 (2026): Nexjeme
Publisher : Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61798/nexjeme.v1i2.13

Abstract

This study examines the role of career guidance in high school in reducing university dropout in Madagascar, with a focus on the Itasy region where students often face challenges in making informed academic and career decisions. The study aims to analyze how career guidance practices influence students’ readiness for higher education and their persistence in university. A qualitative approach was employed, involving 30 informants including high school students, teachers, school counselors, and university students. Data were collected through interviews, observation, and documentation, and analyzed using thematic analysis with triangulation to ensure credibility. The findings reveal that career guidance remains limited, irregular, and insufficiently integrated into school systems, leading to unclear career choices, low motivation, and difficulties in adapting to university studies. Social influences, particularly from families, also play a significant role in shaping students’ decisions, sometimes resulting in mismatches between interests and academic paths. The discussion emphasizes the importance of early, continuous, and context relevant career guidance to strengthen students’ self-awareness, adaptability, and decision-making skills. The study concludes that improving structured career guidance and fostering collaboration among schools, families, and communities can enhance students’ transitions to higher education and contribute to reducing university dropout in Madagascar.
Law, Gender, and Higher Education in Madagascar: Confronting Sexual Harassment on Campus Razafitahindraza Erica Feyzine Sulla; Rakotoniriana Noelisoa Jean Michel; Razafiharimbola Larissa; Shahabuddin Esmati
The Nexus Journal of Education, Management, and Entrepreneurship Vol. 1 No. 2 (2026): Nexjeme
Publisher : Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61798/nexjeme.v1i2.17

Abstract

This study aims to examine the intersection of law, gender, and higher education in Madagascar by analyzing sexual harassment in public universities, with a focus on the University of Toliara. Using a qualitative approach, data were collected from 50 key informants, including 40 students (from first-year to doctoral level), 5 lecturers, 3 administrative staff members, and 2 lawyers selected through purposive sampling. Findings reveal that sexual harassment is closely linked to hierarchical power relations, with cases of conditional or quid pro quo practices tied to academic evaluation, disproportionately affecting female students. The study also identifies significant gaps between legal frameworks and institutional practices, alongside strong barriers to reporting such as stigma and fear of retaliation. These results highlight the need for strengthened legal enforcement, transparent institutional mechanisms, and gender-sensitive policies. The study contributes to legal and educational scholarship by emphasizing the role of universities as critical spaces for advancing gender justice and safe learning environments
Corporate Social Responsibility Beyond Compliance: Effectiveness and Local Impact in Atsimo-Andrefana, Madagascar Razafitahindraza Erica Feyzine Sulla; Rakotoniriana Noelisoa Jean Michel; Mandimbilaza Oscar Lucien
Bisnis, Jasa dan Keuangan Vol. 2 No. 1 (2026): BISNIS JASA DAN KEUANGAN
Publisher : Yayasan Cendekia Citra Gemilang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61798/2d4s0213

Abstract

This study aims to analyze the effectiveness of Corporate Social Responsibility (CSR) in Atsimo-Andrefana, Madagascar, focusing on its evolution from voluntary practices into implicit obligations driven by social, institutional, and market pressures. Using a qualitative case study approach, 15 purposively selected informants, including company representatives, local communities, government officials, and civil society actors, were engaged through semi-structured interviews, observation, and document analysis, with triangulation and member checking ensuring credibility. The results show that CSR initiatives focus on education, health, infrastructure, and environmental management but are often sporadic, symbolic, and limited in impact. Stakeholder engagement is mostly consultative, and institutional constraints, such as weak governance and poor coordination, hinder sustained outcomes. Nevertheless, growing social expectations and reputational pressures are prompting companies to adopt more structured CSR practices, indicating a shift from soft law toward quasi-obligatory responsibilities with potential for meaningful local development.
Co-Authors Hangivola Emyblonde Ratna Mandimbilaza Oscar Lucien Rakotoniriana Noelisoa Jean Michel Rakotoniriana Noelisoa Jean Michel Ralaivao Hanginiaina Emynorane Razafiharimbola Larissa Shahabuddin Esmati