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Hasanuddin Economics and Business Review
Published by Universitas Hasanuddin
ISSN : 25493221     EISSN : 2549323X     DOI : -
Core Subject : Economy,
Hasanuddin Economics and Business Review (HEBR) is an international triannual open access and peer reviewed journal of economics and business. HEBR is published by Faculty of Economics and Business Hasanuddin University. The journal is published in both print and online versions.
Arjuna Subject : -
Articles 5 Documents
Search results for , issue "VOLUME 9 NUMBER 2, 2025" : 5 Documents clear
Comparative Forecasting Models for Optimizing MSME Production: A Time Series Analysis Suryaningsih, Suryaningsih; Usman, Ferawati; Pinjaman, Saizal
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6333

Abstract

Accurate short-horizon forecasting is essential for Indonesian food-service MSMEs that plan production with perishable inputs and holiday-driven demand swings. Using monthly sales from Martabak Tip Top, Tarakan (December 2023–November 2024), this study compares a three-period moving average with single exponential smoothing under a one-step-ahead out-of-sample evaluation on a common test window. Accuracy is assessed with mean absolute percentage error (primary), mean absolute error, and root mean squared error. Single exponential smoothing delivers lower error than the moving average during the test period (MAPE 8.0 per cent versus 9.2 per cent) and projects a December requirement of about 1,710 units (moving average: about 1,720). The head-to-head evidence in an emerging-market MSME setting shows that giving greater weight to recent observations provides a more reliable operational signal than equal-weight averaging when modest level shifts occur around public holidays. Practically, using single exponential smoothing as the default planning input supports tighter bills-of-materials conversion, leaner safety-stock and reorder-point settings derived from observed forecast errors, and steadier labour scheduling, thereby reducing stockouts and waste while improving working-capital efficiency. The approach is transparent and spreadsheet-ready, offering actionable guidance for operations, finance, and policy audiences concerned with MSME performance in developing-region contexts.
The Role of Financial Literacy and Beliefs in Investment Decision Making Mediaty; Habbe, Abdul Hamid; PRATIWI, RIZKY INMAS; Batara, Angela; Irfan, Lidya Pratiwi; Azizah, Nur
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6422

Abstract

Distinct from prior work that emphasises either financial literacy alone or broad student populations, this paper jointly examines financial literacy and financial self-efficacy as drivers of investment decision-making among accounting students a cohort of prospective finance professionals within Indonesia’s evolving OJK-led financial inclusion and investor-education ecosystem. A cross-sectional survey of 50 active undergraduate and postgraduate accounting students from Hasanuddin University and Universitas Muslim Indonesia in Makassar (tertiary education sector; accounting programmes) was analysed using PLS-SEM (SmartPLS 3.3.9, bootstrapping). Results indicate a positive, significant effect of financial literacy on investment decisions (β = 0.741, p = 0.001), while financial self-efficacy is negative and non-significant (β = −0.113, p = 0.563), with the model explaining 41.7% of variance (R² = 0.417). The evidence suggests that knowledge-based competence, rather than confidence alone, underpins higher-quality investment choices in this context. A policy-ready implication follows: curriculum-embedded financial education with supervised practice (campus investment clinics co-run with IDX–OJK partners and broker-dealers) is likely to outperform confidence-building campaigns delivered in isolation. By offering Indonesia-specific, management- and policy-relevant evidence on decision quality in an emerging-market setting, the manuscript contributes to debates at the intersection of behavioural finance, education, and economic management germane to HEBR’s readership.
AHP-Based Prioritisation of Cashless Payments in Indonesian SMEs: Evidence from Depok Sari, Putri Kartika; Marpaung, Jonathan Nahum
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6433

Abstract

Cashless payment platforms are increasingly central to the daily operations of Indonesian small and medium enterprises, yet recent Indonesian and regional evidence rarely quantifies the criteria trade-offs that managers confront when choosing among competing alternatives. This study addresses that gap by applying the Analytic Hierarchy Process to a healthy-food SME that accepts remote payments via GoPay, GrabPay, and ShopeePay and conducts in-store digital transactions through Electronic Data Capture and the Quick Response Code Indonesian Standard. Primary data were collected through structured pairwise-comparison interviews with owner-managers during March to April 2025 (n = 5), producing a criteria-level priority structure and ranked preferences that were verified for internal coherence. All final matrices met the AHP consistency requirement with Consistency Ratio values below 0.10, and a sensitivity analysis confirmed that the ordering of alternatives remained stable under plausible variations in criterion weights. The results show that cost and real-time transaction capability dominate the preference structure, while user-friendly features and promotion exert secondary influence. The findings offer actionable guidance for firms and providers through emphasis on effective fee design, reliable real-time settlement, interface simplification, and targeted promotions that strengthen adoption and customer experience.
Do Gold Prices Influence Generation Z’s Investment Motivation? Evidence from Indonesia Habbe, Abdul Hamid; Mediaty; Sakinah, Andi Nur; Wahid, Abdul; Mallisa, Amalia Indah Pratama; Damara, Mochamad Rizky
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6478

Abstract

This study investigates the influence of gold price perceptions on investment motivation among Generation Z in Indonesia. Adopting a behavioral perspective, the research applies the Theory of Planned Behavior (TPB) to explain how external economic signals such as gold price changes shape investment intentions. A quantitative explanatory design was used, with data collected from 62 Gen Z respondents through purposive sampling. Respondents completed a structured online questionnaire with items adapted from prior validated studies. Results of a simple linear regression analysis reveal that gold prices are significantly associated with increased investment motivation (R² = 0.392; p < 0.001), explaining 39.2% of the variance. These findings highlight the role of perceived financial stability and safe-haven value in shaping youth investment preferences. The study contributes to behavioral finance by providing empirical insights into Gen Z’s decision-making drivers in emerging markets. Implications are discussed for financial educators, policymakers, and digital investment platforms seeking to promote informed investment behavior among young adults.
Belief Control as Mediator Between Environmental Strategy and Eco-Practices in South Sulawesi Firms Dharsana, Muhammad Try; Alimuddin, Nur Hazimah; Harahap, Andi Tenri; Aksah, Naufal Muhammad; Musa, Muhaizam
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6547

Abstract

Departing from eco-control and competitive environmental strategy research that foregrounds diagnostic controls and advanced-economy settings, this study positions beliefs control as the mechanism translating environmental intent into practice within provincial manufacturing shaped by Indonesia’s PROPER public disclosure and Green Industry certification. A cross-sectional survey of 125 managerial respondents (operations, production, marketing, sustainability) from multi-sector manufacturing firms in South Sulawesi, Indonesia, analysed via PLS-SEM, tests mediation and predictive relevance. Beliefs control strongly predicts eco-marketing (β = 0.76, p < 0.001) and eco-production (β = 0.74, p < 0.001) and mediates the effect of eco-efficiency intent on both practices (indirect β ≈ 0.42 and 0.40, p < 0.05); the path from eco-branding intent to beliefs control is not significant (β = 0.24, p = 0.24). Explained variance is high (R² = 0.68, 0.71, 0.64). Codifying purpose through mission statements, leadership communication, and recognition systems offers an actionable route to accelerate credible eco-practices, strengthen compliance, and support cost discipline and competitive positioning. Situated in Indonesian manufacturing and in developing-region conditions, the evidence informs managerial decision-making and environmental governance in emerging markets.

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