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INDONESIA
Business and Finance Journal
ISSN : 25274872     EISSN : 2477393X     DOI : https://doi.org/10.33086/bfj
Core Subject : Economy,
Business and Finance Journal UNUSA (p-ISSN: 2527-4872; e-ISSN: 2477-493X) is a scientific peer-reviewed journal published by Faculty of Economics and Business, Universitas Nahdlatul Ulama Surabaya, Indonesia. Since Established in 2016, BFJ is intended Provide a medium for dissemination of original and quality research on various topic in business, finance and economics.
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Articles 221 Documents
COMPARISON OF MARKET BASKET ANALYSIS METHOD USING APRIORI ALGORITHM, FREQUENT PATTERN GROWTH (FP- GROWTH) AND EQUIVALENCE CLASS TRANSFORMATION (ECLAT) (CASE STUDY: SUPERMARKET “X” TRANSACTION DATA FOR 2021) Wahyuningsih, Rina; Suharsono, Agus; Iriawan, Nur
Jurnal Bisnis dan Keuangan Vol 8 No 2 (2023): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v8i2.5226

Abstract

The retail industry continues to grow and develop in Indonesia. The retail sector as a provider of goods used in everyday life has long started digital transformation in its business. Digital technology helps the retail industry collect valuable customer data. Business analytic is the use of data, information technology and statistical analysis, which is used to obtain information about a business and make decisions based on facts. Business analytic turns data into steps or actions in the context of making business decisions. Consumer needs and purchasing behavior can be predicted with big data-based technology. Association Rule is a technique in data mining to find the relationship between items in an item set combination. One of the utilizations of the association rule method is market basket analysis. Algorithms that can be used to analyze consumer purchasing patterns include the Apriori algorithm, Frequent Pattern Growth (FP-Growth) which represents a database structure in a horizontal format, and the Equivalence Class Transformation (ECLAT) algorithm which represents a vertical data format. In addition, this research will first analyze the complexity of the algorithm based on the time complexity in running the algorithm. This analysis uses these three algorithms, which are applied to Supermarket "X" transaction data in 2021, namely 136,202 transactions. The measure of goodness that is used to find out the best algorithm uses support and confidence values. The results show that the ECLAT algorithm is the most superior algorithm compared to the others based on the execution time required by the algorithm. The support value used in forming associations in the ECLAT algorithm is 1%, resulting in 19 rules. From the results of these rules, the highest support value was generated by the purchase of Indomie goreng special and Indomie ayam bawang, where as many as 1,362 shopping transactions bought these two items together or 2.71% of the total transactions.
A MEASURE OF CUSTOMER SATISFACTION WITH MRF TYRES Dr. G. SATHIYAMOORTHY; RAJA, ROXIA
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5371

Abstract

The behavior of customers toward MRF Tyre, particularly in Tirupur city, is the subject of this survey. The purpose of the study was to examine customer satisfaction with MRF tyre, to determine which media outlets encourage consumers to purchase MRF tyre and to ascertain the degree of satisfaction with various MRF tyre components. One source of primary data is a questionnaire. In Tirupur city, a survey was conducted, and 120 people responded. Secondary data for the study was gathered from relevant journals and websites. For this study, non-probability sampling strategies were employed. The statistical tools employed were one-way ANOVA and simple percentage analyses. Developed a hypothesis and tested it using the reliability and normality tests. Results of the analysis showed that most respondents were influenced by friends and that they were generally happy with the different aspects of MRF Tyre. In conclusion, the majority of Tirupur city residents who use MRF tyre for their vehicles felt that the tyre were both comfortable and reasonably priced.
Bibliometric Analysis: The Concept of Fair Trade In International Trade Anggara, Reksi; Sulaksono, Tunjung; Suranto
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5403

Abstract

This study aims to map global scientific publications with the topic of fair trade in international trade to get trends and issues that can be further researched related to the topic. The method used in this study is a qualitative method with a literature study approach using bibliometric analysis. The data used is 54 articles indexed by Scopus in the last ten years. VOSviewer is used to provide a visual examination of the occurrence of keywords. The findings in this study show that publications with the theme of fair trade in international trade have decreased over the past ten years. In 2013 became the most research publications, the United States became the country that contributed the most to the publication of this research. Then, Ulgiati, S. is the author who contributed significantly to this scientific research. Other findings from this study have also shown that the field of study of Social Sciences is the highest, with a total percentage of 34%. Beijing Normal University and the Parthenope University of Naples as contributing institutions in publications on this theme. The research also shows that the most researched topics are dominant issues such as sustainable development goals, consumer behavior in developing countries, and world food trade.
The home country institutional quality and investor recognition benefits of cross listed firms: Evidence of cross listed firms from BRICS countries Adeyanju, Adebiyi
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5656

Abstract

While cross listing is an integral part of firm visibility, no attention has been drawn whether the firm home country institutional quality influences investor behaviour after foreign financial market integration. This study examined the relationship between the institutional quality of the firm home country and investor recognition of cross-listed firms from emerging markets countries. Using data of cross-listed firms from the BRICS bloc between 2000 to 2020, we find that changes in investor recognition of cross listed firms are strongly related to the signal of the institutional quality perceptions in the firm home country in the long and short run after foreign financial market integration. This study highlighted the significance of the information environment of the home country in explaining the Investor Recognition Hypothesis (IRH) of cross listing.
Exploring challenges in designing and implementing internal control systems: A case study of small and medium enterprises in the Cape Metropole, South Africa Musikavanhu, Tichaona; Nqala, Lisa
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5721

Abstract

Small and medium enterprises (SMEs) are pivotal in bolstering a country’s economy, particularly in South Africa, where high unemployment persists. In this context, studying SMEs’ survival becomes paramount as a potential remedy for alleviating economic poverty. Effective internal control systems emerge as crucial tools in this endeavour, serving slot gacor 777 as key mechanisms for risk management. They are instrumental in preventing fraud, safeguarding company assets, and ensuring the longevity and resilience of SMEs in challenging economic landscapes. Many SMEs design and implement internal control systems as a formality without fully considering their strategic objectives and potential impact on business operations. This research aimed to understand the challenges associated with designing and implementing effective internal control systems within SMEs in the Cape Metropole, South Africa. The study used a qualitative research methodology to collect data through interviews and employ thematic analysis for interpretation. The findings of this study shed light on the significant challenges faced by SMEs) in the Cape Metropole, South Africa when it comes to designing and implementing effective internal control systems. These challenges highlight the limitations of the existing internal control systems within SMEs, particularly their capacity to fulfil crucial business objectives. Furthermore, this paper highlights a notable gap in SMEs’ comprehension and application of internal control systems, highlighting the need for effective, efficient, and tailored internal control systems to meet their unique business requirements.
The Role of Supply Chain Information Sharing on Business Performance: Case of Fashion Companies In Pekalongan, Indonesia Kamilatunnuha, Ayu Hamida; Kusumawardhany, Prita Ayu; Andjani, Erna
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5742

Abstract

The creative industry in Indonesia is currently experiencing very rapid development. One creative industry that always has high opportunities and potential is the fashion industry. The fashion industry can boost the economy and the fashion industry is one of the key factors in creative growth which covers 17 percent of the creative economy in Indonesia and has the potential to open job opportunities and increase income. This gives rise to intense competition between companies. Companies are trying to maintain their advantages to face increasingly competitive competition, especially in managing supply chains. In the industrial era 4.0, supply chain processes can be integrated optimally with lower costs and shorter implementation times in sharing information. This research aims to determine the effect of supply chain integration sharing, supply chain integration, operational performance, and business performance slot maxwin on the research object of fashion companies in Pekalongan. This research uses quantitative methods and uses SEM analysis using SPSS and AMOS software. This research sample consists of 150 respondents and has 4 variables. The results of this research show that supply chain information sharing has a positive effect on supply chain integration and operational performance. Supply Chain Information Sharing has no positive effect on business performance. Supply chain integration has a positive effect on business performance and operational performance. Operational performance has a positive effect on business performance.
CAN ENVIRONMENT, SOCIAL AND GOVERNMENT DISCLOSURE INCREASE FINANCIAL PERFORMANCE ? Majidi, Lalu; Wahyuningtyas, Endah Tri
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5818

Abstract

This study analyzes the effect of ESG disclosure on financial performance in mining companies listed on the Indonesia Stock Exchange. The data used in this study are secondary data, which are taken from annual reports and sustainability reporting in 2015-2020. The analytical tool used to test the hypothesis is multiple regression analysis with spss. ESG score use csrhub data. Contributions for practitioners and policy makers. Researchers suggest a special setting where the relationship between ESG activities and corporate financial performance will be positive and significant. These results are very useful for policy makers who seek to increase the active participation of companies in ESG activities. Community, Employee, Environment, Goverment and ESG variables simultaneously have a significant effect on financial performance, while partially the Community, Employee, Environment, Goverment variables have no significant effect on financial performance and the ESG variable has a positive and significant effect on financial performance.
Chile GEI Index: A Comparative Study in Latin America/Carribbean Safitri, Dina
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5820

Abstract

Entrepreneurship, widely acknowledged as pivotal for economic development, has spurred global interest among policymakers, prompting the formulation of policies aimed at fostering entrepreneurial activities. Entrepreneurs, driven by vision, innovate products, processes, and services, thereby stimulating economic growth, creating employment opportunities, and bridging the gap between invention and commercialization. As economies seek ways to accelerate employment and enhance productivity, entrepreneurship emerges as a potential solution, particularly for those grappling with prolonged economic crises. To better understand and improve entrepreneurial landscapes, scholars have developed measurement methods, with the Global Entrepreneurship Index (GEI) standing out as a comprehensive model. By blending entrepreneurship with institutional factors, GEI offers insights into a country's entrepreneurial ecosystem. It comprises three sub-indexes, each reflecting entrepreneurial attitudes, abilities, and aspirations, supported by 14 pillars and 28 variables. GEI recommends five levels of index building to gauge entrepreneurship at the national level. This study focuses on Chile's entrepreneurship profile, utilizing world data from GEI that available spanning 2015 to 2017. Chile, positioned 15th in the World GEI Index during this period, stands out as the only representative from South America/Latin America/Caribbean countries. Despite its economic strength and numerous trade agreements, Chile has room for improvement to bolster its regional standing. Entrepreneurship measurement methods encompass quantitative and qualitative approaches. While quantitative methods offer statistical insights, they may lack depth in understanding entrepreneurship's broader impact. Qualitative methods, in contrast, delve deeper into the correlation between entrepreneurship and economic development, emphasizing opportunity-driven entrepreneurship and innovation. GEI methodology offers a unique perspective, integrating institutional and cultural dimensions to assess entrepreneurship's role in economic development. Notably, GEI highlights the importance of addressing bottlenecks within entrepreneurial ecosystems, wherein the lowest-performing pillars impede overall progress. The Triple-A structure of GEI encompasses entrepreneurial attitudes, abilities, and aspirations, underpinned by 14 pillars reflecting both individual and institutional variables.
GENERATION Z PARTICIPATION IN POLITICS AN APPROACH TO CONSUMER BEHAVIOR THEORY Aries Kurniawan; Premananto, Gancar Candra; Candraningrat, Candraningrat; Aprilius, Adrianus; Hidayat, Rizky
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5828

Abstract

Research aimed at finding out the causes of Generation Z playing an active role in politics was carried out using a qualitative methodology using phenomology. By using the snowball technique in determining informants, there were eight Generation Z students who were active in organizations or became organizational administrators. After going through triangulation, the researchers concluded that social media influences political attitudes, determining factors in political choices, political participation and perceptions of Generation Z in the political field. The conclusions obtained are in line with consumer behavior theory, especially the determining factors of political choices which are divided into two, namely rational and emotional factors.
PARAMETER FOR ORGANIZING HALAL TOURISM VILLAGES IN INDONESIA TO SUPPORT ECONOMIC ACTIVITIES Handono, Wahyu Agung; Sawarjuwono, Tjiptohadi; Rohmawati, Elly Dwi
Jurnal Bisnis dan Keuangan Vol 9 No 1 (2024): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v9i1.5829

Abstract

This study aims to identify guidelines for the implementation of halal tourism in Indonesia in order to formulate the component parameters in the implementation of Halal Tourism Village. This study used literature review as method in analyzing the data, which were 21 books indexed by web of science (SCI). The result of this study indicate that efforts to implement halal tourism villages must be able to meet the needs of tourists, namely the need for fun and the need for worship in the form of providing adequate infrastructure. As for the fulfillment of infrastructure in the halal tourism village in the form of tourist destinations, religious facilities, halal-certified food and beverage services, sharia lodging, good road access, sharia travel, and centers of typical souvenirs.