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THE ROLE OF FOREIGN INVESTMENT IN IMPROVING THE LOCAL ECONOMY: CASE STUDIES IN SOUTHEAST ASIA Yunior Pasagi; Ahmad Solihin; Anita Kusuma Dewi
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 9 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Publisher : Adisam Publisher

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Abstract

Foreign direct investment (FDI) has been recognized as an important catalyst in advancing the economies of developing countries, especially in the Southeast Asia region. This research aims to analyze the impact that foreign investment has on the local economy in Southeast Asia, with a focus on economic growth, job creation, technology transfer, and development of key sectors. The research results show that foreign investment has a significant role in accelerating the economic development process, through various channels such as increasing employment opportunities, improving the quality of human resources, as well as technological innovation and infrastructure development. Foreign investment also plays a role in the economic integration of Southeast Asian countries into the global economy, enabling access to wider export markets and supporting the country in facing international competition. However, this research also identifies several challenges, including regional disparities in attracting FDI, the risk of a race to the bottom due to competition in providing incentives to investors, and the need for improvements in aspects of governance and transparency to ensure that foreign investment has an inclusive and sustainable positive impact for the local economy.
THE INFLUENCE OF FINANCIAL MANAGEMENT ON BUSINESS GROWTH IN MEDIUM-SCALE TITLE COMPANIES Muhammad Teguh Setiadi; Fahmi Amirulloh Anwar; Ahmad Solihin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

This study aims to analyze the influence of financial management on business growth in medium-sized companies thru a literature review approach. Financial management is seen as a key factor in maintaining the stability, efficiency, and operational sustainability of a company, particularly in the face of challenges related to capital limitations and market dynamics. The research method used is a Systematic Literature Review (SLR) with a descriptive-analytic approach to various previous research results published between 2015 and 2025. Data was collected from various scientific sources such as Scopus, ScienceDirect, Emerald, Google Scholar, and DOAJ, focusing on the themes of "financial management," "business growth," and "medium enterprises." The study results indicate that effective financial management practices, including cash management, investment decisions, and optimal capital structure, have a positive relationship with increased productivity and competitiveness of medium-sized companies. Additionally, the implementation of financial digitalization thru technologies like fintech and cloud accounting also strengthens the effectiveness of financial management. Thus, it can be concluded that strategic financial management that is adaptable to technological developments is an important factor in driving sustainable business growth in medium-sized companies.
The mediation of work environment on employee performance through organizational culture and work discipline Imam Riyadi; Yadi Supriadi; Juwizat Juwizat; Wahyudi Wahyudi; Ahmad Solihin
Junal Ilmu Manajemen Vol 9 No 3 (2026): July: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

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This study examined how organizational culture and work discipline affect employee performance, with the work environment serving as a mediating factor at PT Telkom Indonesia's Banten Region, Ciruas Office. A quantitative research method using an ex post facto design was used to investigate the connections between the variables. The study included 100 employees who were chosen through a saturated sampling method, which ensured that every individual in the population took part as a respondent. Data were gathered using structured questionnaires, which were evaluated on a 10-point Likert scale, and then analyzed through Partial Least Squares–Structural Equation Modeling (PLS-SEM) with the help of SmartPLS software. The results showed that both the organization's culture and the level of work discipline had a positive and statistically significant impact on how well employees performed. In addition, these variables had a significant impact on the quality of the work environment. Among all the variables that were studied, the work environment had the most significant direct effect on how well employees performed. In addition, the work environment was identified as playing a major role in influencing how organizational culture, work discipline, and employee performance are connected. These results suggest that how well an employee performs is not only influenced by factors within the organization itself but is also affected by the overall working environment in a more indirect way. Therefore, organizations need to pay attention to building a strong organizational culture, improving employee behavior, and establishing a workplace that supports employees, in order to boost their performance and better accomplish the goals of the organization.
The influence of job motivation, work environment and work discipline on the performance of technical staff Yanti Oktavia; Ratu Muhdiroh; Iman Taofik; Wahyudi Wahyudi; Ahmad Solihin
Junal Ilmu Manajemen Vol 9 No 3 (2026): July: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

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This study examined the influence of work motivation, work environment, and work discipline on the performance of technical employees at PT Optima Mandiri Globalindo Bekasi, a company specializing in medical equipment calibration services. Although these factors have been widely studied in human resource management research, limited empirical evidence exists regarding their combined effects on technical personnel working in highly regulated calibration industries. This research addresses that gap by providing evidence from a sector that demands high levels of accuracy, compliance, and professional responsibility. A quantitative approach was employed using a saturated sampling technique involving all 68 technical employees. Data were collected through structured questionnaires and analyzed using multiple linear regression, supported by validity, reliability, and classical assumption tests. The findings revealed that work motivation, work environment, and work discipline positively and significantly affect employee performance. The regression results showed that work motivation (β = 0.420), work environment (β = 0.603), and work discipline (β = 0.422) significantly contributed to performance improvement, with the work environment emerging as the most influential factor. Simultaneously, the variables significantly affected employee performance (F = 100.531; p < 0.001). The Adjusted R² value of 0.818 indicates that 81.8% of employee performance variation is explained by the model. The study contributes to human resource management literature and provides practical guidance for improving organizational performance through motivation, workplace conditions, and discipline enhancement.
The influence of job training, compensation and work environment on employee performance Risaldy Amry; Ledy Lutfiani Jamilah; Nevi Sulistiawati Afriani; Wahid Sumarjo; Wahyudi Wahyudi; Ahmad Solihin
Junal Ilmu Manajemen Vol 9 No 3 (2026): July: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

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Abstract

This study was carried out to examine how job training, employee compensation, and the work environment influence the performance of employees at Horison Ultima Ratu Serang Hotel. Although previous studies have widely examined the effects of job training, compensation, and the work environment on employee performance, the findings remain inconsistent, particularly within the hospitality industry in developing economies. This study addresses this gap by providing empirical evidence from the Indonesian hotel industry and examining the combined effects of job training, compensation, and the work environment on employee performance. A quantitative approach using descriptive and explanatory methods was employed with a saturated sample of 87 employees. Data were collected through questionnaires and analyzed using SPSS, including validity, reliability, classical assumption, multiple regression, coefficient of determination, and hypothesis tests. The results indicate that job training, compensation, and the work environment each have a positive and significant effect on employee performance. Furthermore, the work environment had a positive and significant impact on employee performance, indicating that comfortable and supportive workplace conditions help employees perform more effectively. At the same time, it was shown that job training, pay, and working conditions significantly affect how well employees perform, accounting for 54% of the differences in their performance levels. These findings highlight the importance of improving employee competencies through training, providing equitable compensation, and fostering a supportive work environment to enhance employee performance in the hospitality industry. The study contributes to human resource management theory by reinforcing the complementary role of human resource development, reward systems, and workplace conditions as integrated determinants of employee performance, while offering practical guidance for hotel managers in designing more effective human resource strategies.