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AFEBI Management and Business Review
ISSN : 2548530X     EISSN : 25485318     DOI : -
Core Subject : Economy,
AFEBI Management And Business Review (AMBR) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AMBR is aimed as an outlet for theoretical and empirical research in the field of management and business and to disseminate the information of the management and business research was conducted by members of AFEBI in particular and researchers in general to the academics, practitioners, students, and others who interested in management and business research.
Arjuna Subject : -
Articles 180 Documents
Financial Performance Evaluation of Pharmaceutical Companies in Southeast Asia: The Influence of Cash Conversion Cycle, Sales Growth and Firm Size During the COVID-19 Pandemic Krismonika; Hersugondo, Hersugondo
AFEBI Management and Business Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

This study investigates the effects of the Cash Conversion Cycle (CCC), sales growth, and firm size on the financial performance of pharmaceutical companies in Southeast Asia during the COVID-19 pandemic (2020–2021). The research focuses on pharmaceutical firms listed in Indonesia, Singapore, and Malaysia, with a total sample of [insert number] companies. Using secondary data collected from Bloomberg, the study employs a quantitative approach and applies multiple linear regression analysis, with Return on Assets (ROA) serving as the indicator of financial performance. The results reveal that CCC has no significant impact on ROA, while sales growth negatively affects ROA, and firm size positively influences ROA. These findings suggest that during periods of global disruption like the pandemic, firm size becomes a key driver of financial resilience, while aggressive sales growth strategies may undermine profitability, possibly due to increased operational risks and supply chain challenges. Although CCC efficiency did not significantly impact profitability in this context, managing firm scale and adapting growth strategies remain crucial for sustaining financial performance during crises. Keywords: Cash Conversion Cycle, Sales Growth, Firm Size, Return on Assets.
Improving Small and Medium Enterprise Growth: A Focus on Operational Efficiency Govender, Krishna; Chetty, S
AFEBI Management and Business Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

Small and Medium Enterprises (SMEs) play a fundamental role as the primary contributors to jobs in South Africa (SA), significantly influencing the country's economic development. Therefore, the prosperity and expansion of SMEs directly affect South Africa's GDP and the sustainability of its economic growth. However, SMEs in SA face a significant challenge with a noticeably high failure rate, contributing to one of the highest SME failure rates globally, as many new ventures struggle to survive beyond their second year of operation. This alarming trend casts doubt on the potential of SMEs to make substantial contributions to job creation, economic progress, and poverty alleviation. This study thus probes operational efficiency factors predominantly managed by SMEs, which could profoundly impact their growth trajectory. Employing a quantitative research design, data was gathered through an online survey and subsequently analysed using descriptive and inferential statistical techniques. The research revealed a positive correlation between operational efficiency and SME growth which was measured using eight (8) factors, namely, employment, sales, revenue, gross profit, asset value, number of customers, vendor count, and number of suppliers, and established them as reliable indicators collectively defining growth in small businesses. A noteworthy finding is that Technological Practices and Innovation emerged as significant predictors of small business growth, underscoring their importance in SME survival. Small businesses incorporating technology and innovation into their operational strategies significantly increase their likelihood of success in expanding employment, sales, and assets.
Development of Mental Health Application: Design Thinking Approach Imam Hidayat, Adnan; Ghina , Astri
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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The growing demand for inclusive and accessible mental health services presents a global challenge, including in Indonesia. In response, Ibunda.id developed the WellMe application using the Design Thinking approach to understand user needs, design innovative solutions, and create an effective technology-based prototype. This study follows the five stages of Design Thinking: Empathize, define, ideate, prototype, and test. Customer Journey Mapping and Empathy Maps identified key challenges, including the absence of a mobile application, which limited user convenience: the define stage prioritized push notifications, educational content, and psychologist profiles with user reviews. Using 2x2 brainstorming, the ideation stage led to solutions such as multiplatform development with Flutter, video call integration, and interactive educational modules. Prototyping resulted in a mobile application tailored to user needs. Usability testing with the System Usability Scale (SUS) scored 81.5 ("excellent"), indicating high satisfaction. Desirability analysis highlighted appreciation for push notifications and personalized psychologist profiles. Viability showed strong engagement potential, with 100% of respondents favoring the app over the web platform. Feasibility analysis found 93.2% of developers endorsing Flutter for its efficiency and cost-effectiveness. This study contributes to design thinking literature on mental health applications. It provides a framework for user-centered technological innovations, supporting Ibunda.id in enhancing service accessibility and quality in Indonesia.
Factors affecting the Entrepreneurial Intention of Universities’ Students: Case study with Students at Can Tho University of Technology, Vietnam. Nguyen, Phuong; Pham , Nam; Huynh, Binh
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

This study examines the factors that affect the entrepreneurial intention of universities’ students in Vietnam. We do a case study with the students at Can Tho university of Technology (CTUT). We do a survey with 925 students at CTUT (with 60% of the sample being from non-economic students) and treat the data with SPSS version 27. We use SEM for testing the Linear structural model. The results show that factors that positively influence students' intention to start a business include: (1) Social Norms; (2) Knowledge and Experience; (3) Social Norms; (4) Personal Attitude; and (5) Personal Traits. Interestingly, (6) Educational Support negatively affects the students' intention to start a business. This may be explained by the large difference in applying educational knowledge into entrepreneurial activity between economic students and non-economic ones. The results may provide the orientations so that managers and the government correctly motivate start-up activities in university students.
Developing an Integrated Human Capital Strategy Through OHI-HCM Alignment a Case Study of PT Indopel Pramadhanty, Alifia Nuzul; Ghazali, Achmad
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This research examines the integration of Organizational Health Index (OHI) and Human Capital Maturity (HCM) frameworks in maritime logistics operations. Through analysis of 255 respondents at PT IndoPel, the study identifies critical relationships between organizational health and human capital development. Statistical analysis reveals highest correlations in knowledge management integration (r = 0.84, p < .01) and leadership effectiveness (r = 0.82, p < .01), while identifying significant gaps in workforce optimization (-0.64). These relationships form the foundation for an integrated framework that links organizational health indicators with human capital development outcomes. The framework demonstrates how knowledge management and leadership effectiveness drive capability development in maritime operations, while workforce optimization represents a critical intervention area. This integration provides a structured approach for developing human capital strategies that address both organizational health and capability maturity dimensions, particularly relevant for maritime logistics organizations undergoing transformation.
The Role of Human Capital in Enhancing The Growth of Startup and Its Future Research Direction Ar Rahim, Tiffany; Gustomo, Aurik; Freiburghaus, Teresa
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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In the era of innovation and digital transformation, startups have become vital contributors to economic development and technological progress. However, sustaining growth in high-risk and resource-constrained environments requires more than novel ideas; it necessitates strategic internal capabilities, particularly in human capital. This study aims to explore how human capital enables startups to achieve competitive advantage and organizational growth by applying the Resource-Based View (RBV) framework. Using a Systematic Literature Review (SLR) approach, this research identifies four main thematic clusters: (1) Founders’ and team human capital, (2) Talent acquisition and management, (3) Knowledge and intellectual resources, and (4) Innovation and capability development. The findings also reveal several mediators and moderators that influence the relationship between human capital and startup outcomes. The study observes an increasing scholarly focus on digital skills and collective knowledge, while identifying research gaps in longitudinal, resource-constrained, and emerging market settings. This review provides both scholars and practitioners with a comprehensive foundation for designing more effective human capital strategies in early-stage ventures.
The Role of Innovation Capabilities in Mediating the Impact of Social Media Marketing and Business Networking on Msme Performance in West Kalimantan Rudi, Jupensius Rudi; Murwani , F. Danardana; Suharsono, Naswan
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study examines the role of social media marketing, networking, and innovation capabilities in driving the marketing performance of food and beverage SMEs in West Kalimantan, Indonesia, using the Resource-Based View and Resource Advantage Theory. Data were collected from 100 SMEs and analyzed through structural equation modeling (SEM). The results show that SMM directly improves marketing performance, which is attributed to VRIN (valuable, rare, inimitable, non-substitutable) characteristics. Networking significantly improves innovation capability but fails to improve marketing performance directly due to structural barriers and generic innovations that do not have VRIN criteria. Innovation capability does not mediate the social media marketing. marketing performance relationship or the business network-marketing performance relationship. Resource Advantage Theory explains this by emphasizing the independent value of social media marketing in providing rapid market response, bypassing the need for innovation mediation. This study concludes that SMEs in resource-constrained regions such as West Kalimantan should prioritize optimizing social media marketing as a direct strategic asset and address infrastructure and collaborative gaps to unlock networking potential. The theoretical implications highlight the context-dependent application of RBV and the need for hybrid strategies that integrate digital tools with local cultural assets.
Pricing Strategy Analysis Based on Dual Channel Supply Chain (DCSC) Model Concept Putri, Nadya Permata; Pulansari, Farida
AFEBI Management and Business Review Vol. 10 No. 1 (2025): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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The rise of digitalization has driven companies to adopt the Dual Channel Supply Chain (DCSC) model to expand market reach and improve distribution efficiency. This study aims to evaluate pricing strategies based on the level of coordination between online, offline, and reseller channels to maximize company profit. The research applies mathematical modeling and numerical simulations across four pricing scenarios, each representing a different level of coordination among distribution channels. Model parameters were obtained from historical company data and customer preference surveys, and analyzed using MATLAB software. Simulation results show that Scenario 2, integrating coordination among online, external reseller, and offline channels, yields the highest financial performance, generating a total profit of IDR 456,955,350. This collaborative approach outperforms other scenarios by enabling synchronized pricing and promotions and expanding market coverage without requiring additional investment in distribution infrastructure. Further sensitivity analysis confirms that Scenario 2 remains the most robust across variations in key parameters such as unit cost, channel preference, and maximum demand. Therefore, a coordinated pricing strategy within the DCSC framework can serve as an adaptive and competitive solution for companies operating in multi-channel environments.
The Role of the Internal Audit Function in Detecting and Preventing Fraud at a South African Municipality Mbetha, Sphokazi; Moosa, Riyad
AFEBI Management and Business Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study aimed to understand the role of the IAF in detecting and preventing fraud at a South African municipality in Gauteng. This study employed a qualitative approach based on the interpretivism paradigm, utilising a single case study. Participants were selected through purposive sampling, and the data were analysed using inductive analysis. The study found nine roles required by the municipality of their IAF for fraud detection and prevention. Seven of these roles align with the requirements of the standards, which means there is no expectation gap between the needs of the municipality and the standards. These roles are: 1) identification of fraud risks, 2) providing recommendations to management, 3) conducting fraud awareness sessions, 4) reporting to the audit committee, 5) evaluating internal controls, 6) exercising due professional care, and 7) planning for annual audits. In addition, two roles required by the municipality were found to contravene the requirements of the standards, namely 1) designing fraud detection and prevention controls and 2) conducting fraud investigations. These two roles indicate that there is an expectation gap. This study provided several recommendations to management and the municipality's accounting officer to reduce the expectation gap.
Enhancing Construction Project Success Through Proactive Risk Management in Yemen: A Quantitative Analysis Al-Kateb, Fares Mohammed Abdulrahman; Arviansyah
AFEBI Management and Business Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study applied quantitative analysis to investigate the relationship between risk management performance and construction project success in Yemen. The study utilized statistical tools such as SmartPLS software to assess the influence of good risk management methods on project results. The study's focus on proactive risk identification, analysis, reaction, and monitoring and control seeks to improve risk management performance and assure project success. To examine the variables, Structural Equation Modeling (SEM) was used with SmartPLS version 3 and data from 171 respondents ranging from low to high management levels. The study presents empirical evidence for the beneficial effects of strong risk management methods on project success and the structural model. The findings highlight the strong link between risk management and project outcomes, emphasizing the necessity of early risk identification, analysis, reaction, and monitoring and control. Based on the quantitative analysis results, practitioners are given recommendations on how to prioritize successful risk management techniques. This study advances the knowledge of risk management in construction projects and gives practical insights for improving project outcomes through data-driven decision-making.