cover
Contact Name
Sharnuke Asrilsyak
Contact Email
sharnuke.asrilsyak@lecturer.unri.ac.id
Phone
+6282283809434
Journal Mail Official
ijeba@ejournal.unri.ac.id
Editorial Address
Dekanat Fakultas Ekonomi dan Bisnis Kampus Bina Widya, Pekanbaru – 28293 , (0761) 63268 Fax. (0761) 63268
Location
Kota pekanbaru,
Riau
INDONESIA
IJEBA (International Journal of Economic, Business & Applications)
Published by Universitas Riau
ISSN : 24771244     EISSN : 24771236     DOI : https://dx.doi.org/10.31258/ijeba.x.x.xxxx
International Journal of Economic, Business and Applications (IJEBA), is an international peer-reviewed journal that is published bi-annually ( in May, and November), by Faculty of Economics and Business, Universitas Riau. IJEBA seeks to publish high quality, scholarly empirical journal articles that are related to economics, business and its applications. The journal strives to serve as a major vehicle for the exchange of ideas and research studies among business and economics scholars internationally. International Journal of Economic, Business and Applications (IJEBA) is a scientific periodical journals that managed by peer-review, in which other scientists (peer-review) evaluate the article’s value and credibility before published. This journal is dedicated to publish scientific articles in the study of economics from different aspects and perspectives as well as the themes that have been determined. This journal is available in print with ISSN: 2477-1244, and online with ISSN: 2477-1236. IJEBA committed to keep maintaining the high ethical standard in scientific publication include the peer-review, author, journal editor, and publisher. The scope includes theories and practices in the field of economics, social, and humanities.
Articles 210 Documents
Unemployment Problems in Indonesia Islami, Fiqri Hadi; Nurshahila, Irma
International Journal of Economic, Business & Applications Vol. 10 No. 2 (2025): International Journal of Economic, Business and Applications
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/dnhayb63

Abstract

This study examines the issue of unemployment in Indonesia, which remains one of the major challenges in national economic development. The purpose of this research is to analize the factors causing unemployment, its socio-economic impacts, and the strategies that can be implemented by the government to address it. The research employs a qualitative descriptive approach using literature study, based on secondary data from the Badan Pusat Statistik (BPS), scientific journals, and previous studies from 2020–2025. The findings indicate that unemployment in Indonesia is multidimensional, influenced by imbalances between economic growth and labor absorption, low human resource quality, and the mismatch between education and industrial needs. Moreover, unequal investment distribution and minimum wage policies have worsened the situation. Unemployment has broad impacts, including rising poverty, social inequality, and declining welfare. Therefore, comprehensiveness is needed focusing on skill development, labor-intensive investments, and synergy among government, businesses, and educational institutions to achieve inclusive and sustainable economic growth in Indonesia.
The Role of Industrial Relations in Enhancing the Productivity of State-Owned Enterprises (SOEs): A Systematic Literature Review Ibrahim, Saddam Alfayed; Muhammad Farhan; Fitria Awalia Azhari
International Journal of Economic, Business & Applications Vol. 10 No. 2 (2025): International Journal of Economic, Business and Applications
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/xeaacg68

Abstract

This study aims to systematically review and map various literature findings regarding the role of industrial relations practices in encouraging productivity in Indonesian State-Owned Enterprises (SOEs). Facing the era of business transformation and fierce competition, increasing efficiency and productivity has become an imperative for SOEs. In this context, industrial relations (HR) are identified as one of the most crucial non-technical factors that affect corporate performance. Using the systematic literature review method, this article analyzes scientific publications from the Google Scholar, Sinta, and Scopus databases in the period 2020-2025. The results of the analysis reveal that the role of Industrial Relations (HI) has two contradictory sides. On the one hand, harmonious Industrial Relations (HI) are characterized by constructive social dialogue, trade unions acting as partners, and fair Collective Labor Agreements (PKB), which show a positive correlation with increased employee motivation and operational productivity. On the other hand, Industrial Relations (IP), which is colored by conflict, excessive political intervention, and trade union attitudes towards change, is the main obstacle to productivity. The conclusion of this study is that SOEs need to place Industrial Relations (HI) as a fundamental strategic element, no longer just the fulfillment of formal obligations, to achieve performance excellence
The Phenomenon of Minimum Wages and Industrial Competitiveness: A Literature Review Ramadhan, Farah Raihan; Zalia, Sri Rahma
International Journal of Economic, Business & Applications Vol. 10 No. 2 (2025): International Journal of Economic, Business and Applications
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/xy1q8821

Abstract

Minimum wage setting is a strategic issue in economic development that often sparks debate between worker protection and industrial efficiency. This study aims to examine the relationship between the minimum wage phenomenon and industrial competitiveness through a literature review approach. The method used in this study is a literature study of various scientific journals, research reports, and relevant policy documents, within the last five years. The results of the study indicate that minimum wage increases have the potential to increase worker income and productivity, but without the support of increased productivity, technological innovation, and investment, this policy can put pressure on labor absorption and industrial competitiveness, especially in the labor-intensive manufacturing sector. Comparisons with developed countries underscore the importance of synergy between wages, productivity, and technology to maintain industrial competitiveness. Minimum wage policy reform that integrates inflation, economic growth, and regional productivity in Indonesia is a promising adaptive step, but the main challenge lies in the industry's ability to adapt and innovate. The ethical implications of this study emphasize that minimum wage policies must reflect a balance between social justice for workers and the economic sustainability of the industry.
The Influence of Digital Marketing, Product Quality, and Price Regarding the Decision to Purchase Chesang Products Banana Fry Bloated Maulana, Rayhan; Nursanti, Aida; Pratiwi, Dian
International Journal of Economic, Business & Applications Vol. 10 No. 2 (2025): International Journal of Economic, Business and Applications
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/hee0te09

Abstract

This study aims to examine the influence of Digital Marketing,Product Quality, and Price on Purchasing Decisions of Chesang FriedKembung Banana products in Pekanbaru City. The population in thisstudy consists of all consumers/customers who purchased ChesangFried Kembung Banana products. The sampling technique used inthis study is non-probability sampling with purposive samplingmethod, resulting in a sample of 110 consumers. The data analysismethod used is multiple linear regression analysis using SPSSVersion 26 software. The results show that there is a positive andsignificant influence between Digital Marketing on PurchasingDecisions. There is a positive and significant influence betweenProduct Quality on Purchasing Decisions. There is a negative andsignificant influence between Price on Purchasing Decisions. Thereis a positive and significant simultaneous influence between DigitalMarketing, Product Quality, and Price on Purchasing Decisions
The Strategic Role of the Nomination and Remuneration Committee in Strengthening Good Corporate Governance: A Systematic Literature Review Abd. Rasyid Syamsuri; Triska Indah Novianti; Abd. Halim; Afridayanti Surbakti
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/tsg0q303

Abstract

The Nomination and Remuneration Committee (NRC) is a key mechanism in the implementation of Good Corporate Governance (GCG), ensuring that nomination, evaluation, and remuneration processes for boards of commissioners, directors, and senior management are conducted objectively, transparently, and free from conflicts of interest. This study aims to analyze the strategic role of the NRC in strengthening corporate governance, identify the factors influencing its effectiveness, and examine recent developments in its implementation based on previous research findings. The study employs a Systematic Literature Review (SLR) approach by reviewing scholarly articles indexed in Sinta, Scopus, and Google Scholar published between 2021 and 2026. The selected literature was analyzed thematically to identify patterns, trends, and key findings regarding the role of the NRC in corporate governance practices. The results indicate that the NRC significantly contributes to enhancing transparency in nomination processes, improving the objectivity of remuneration policies, supporting succession planning, and reducing potential conflicts of interest in corporate decision-making. The effectiveness of the NRC is influenced by the independence of committee members, professional competence, regulatory compliance, and the quality of corporate disclosure practices. Furthermore, contemporary governance trends reveal that the NRC’s role has expanded to encompass sustainability issues, Environmental, Social, and Governance (ESG) integration, and the utilization of digital technologies in talent management and performance evaluation. This study concludes that the NRC serves as a strategic governance instrument that supports effective GCG implementation and contributes to improved corporate performance and long-term sustainability.
The Role of Board of Commissioners and The Board of Directors in Coorporate Governance Veni Aurelia Munthe
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/h87zh570

Abstract

This study aims to examine the roles of the Board of Commissioners and the Board of Directors in corporate governance through a literature review. The analysis focuses on the effectiveness of oversight mechanisms, strategic decision-making, and the system of checks and balances between these two corporate bodies. The findings indicate that many Indonesian companies still face challenges regarding the limited independence of the Board of Commissioners, the lack of effectiveness of supporting committees, and the Board of Directors' limited competence in navigating modern business dynamics. However, the literature also highlights that board diversity, visionary leadership by the Board of Directors, and the strengthening of modern governance principles—such as ESG and digital governance—can enhance transparency, accountability, and corporate performance. This study offers theoretical implications regarding the strengthening of agency and stewardship theories, as well as practical implications for companies seeking to improve their governance structures to become more adaptive and sustainable.
Ownership Structure and Its Implications for Corporate Governance: A Literature Review Yohana Angelia Agatha Marbun
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/cmwyas83

Abstract

Ownership structure is a fundamental factor influencing corporate governance practices. This literature review aims to examine various ownership structure models commonly found in companies and their implications for governance mechanisms, including aspects of transparency, accountability, and risk control. The study analyzes the relationships among ownership concentration, institutional ownership, and the roles of majority and minority shareholders in determining governance effectiveness. The findings indicate that concentrated ownership structures often lead to majority owner dominance in decision-making, though this can be balanced by the role of independent supervisory boards and stringent regulations. Conversely, dispersed ownership can enhance market oversight but potentially give rise to conflicts of interest among shareholders. The study recommends tailoring governance mechanisms to the specific characteristics of the ownership structure to improve corporate performance and sustainability.  
Integration of Good Corporate Governance with Risk Management Wana Wana
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/n1jdyn09

Abstract

This study aims to explore the integrative relationship between Good Corporate Governance (GCG) and risk management to enhance governance effectiveness and organizational operational stability. The research focuses on how GCG principles can strengthen the processes of risk identification, measurement, control, and monitoring, thereby fostering a more comprehensive and sustainable risk management system. A qualitative research method was employed, utilizing an in-depth literature review of scholarly journals, governance guidelines, and international risk management standards. A thematic analysis approach was used to identify conceptual linkages between GCG implementation and the effectiveness of risk management systems. The results indicate that integrating these two concepts positively impacts transparency, strengthens oversight functions, improves the quality of risk reporting, and facilitates more accurate decision-making processes. The findings also underscore the critical roles played by the board of commissioners, the audit committee, and senior management in ensuring that GCG implementation aligns with risk mitigation efforts. Furthermore, the integration of GCG and risk management is shown to enhance organizational competitiveness through risk management practices that are more proactive and responsive to modern business dynamics.
Audit Committee and Financial Reporting Quality: A Literature Review Yola Sartika Dewi Pasaribu
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/21m1kn93

Abstract

The quality of financial reports plays a significant role in ensuring that the information received by stakeholders accurately reflects the company's condition; Consequently, governance mechanisms such as audit committees are central to maintaining transparency and reporting reliability. This study aims to understand how audit committee characteristics contribute to enhancing financial reporting quality by synthesizing agency theory, signaling theory, and empirical findings from previous research. A systematic literature review was employed to examine the roles of audit committees, audit quality, corporate governance, reporting relevance, and the validity of financial reports. The analysis reveals that audit committee competence—particularly in accounting, finance, and industry knowledge—plays a major role in strengthening oversight functions, although variations in industry contexts and reporting quality proxies lead to inconsistent results. These findings underscore that audit committee effectiveness cannot be generalized universally; Rather, it is influenced by the quality of the committee's attributes, the company's internal dynamics, and the specific methods used to measure reporting quality.
Audit Committee Membership and Competence (Literature Review) Zalva Ananda Delfanty; Abd. Rasyid Syamsuri
International Journal of Economic, Business & Applications Vol. 11 No. 1 (2026): IJEBA (INTERNATIONAL JOURNAL OF ECONOMIC, BUSINESS AND APPLICATIONS)
Publisher : Program Pascasarjana, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/5egmhh85

Abstract

This study analyzes the challenges involved in enhancing the competence of audit committees as a central element of corporate governance. Competence is understood as a combination of technical knowledge, professional experience, and analytical skills that ensure effective oversight, high-quality financial reporting, and the integrity of the audit process. Through a literature review of various national and international empirical findings, the study identifies committee size, member independence, and meeting frequency as structural factors influencing audit committee capacity. However, ultimate effectiveness is determined by the professional competence of members, particularly in the fields of accounting, finance, and auditing. Regulatory compliance alone is insufficient without high-quality discussions, rigorous oversight, and adequate follow-up actions. Audit committees also face challenges such as limited technical expertise, a lack of continuous training, excessive workloads, and the absence of uniform competence standards. Furthermore, issues regarding independence, business complexity, and evolving financial reporting regulations undermine the monitoring function. Competence deficiencies result in a reduced ability to detect misstatements and fraud risks, as well as weak coordination with both internal and external auditors. The study underscores the need for capacity-building strategies—including competence-based recruitment, continuous technical training, proportional workload distribution, and enhanced governance mechanisms—to ensure independence.

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