cover
Contact Name
Kiki Nuriska Denhas
Contact Email
kiki.denhas.ak@upnjatim.ac.id
Phone
+6281572276822
Journal Mail Official
ebgc@upnjatim.ac.id
Editorial Address
Jl. Raya Rungkut Madya Surabaya, Indonesia
Location
Kota surabaya,
Jawa timur
INDONESIA
Journal of Economics, Business, and Government Challenges
ISSN : 19797117     EISSN : 26144115     DOI : https://doi.org/10.33005/ebgc
Core Subject : Economy, Social,
Journal of Economics, Business and Government Challenges aims to be the leading, peer-reviewed journal that enhances the solution of challenges in economics, business and government problem. The scope of our journal is quite broad, but all papers should in a substantial way address the solution in any problem of economics, business and government challenges. Relevant subjects include: economics problem, business and accounting problem, public sector problem, in all section include the social, behaviour and organization impact on this problem in the new era of Revolution Industry 4.0.
Articles 27 Documents
Search results for , from "2024" : 27 Documents clear
From Advice to Action: How Finfluencers are Reshaping Investment Behavior Khoirotunnisa, Fani
Journal of Economics, Business, and Government Challenges Vol. 7 No. 01 (2024): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v7i01.1530

Abstract

This study explores the role of financial influencers (finfluencers) in shaping personal finance and investment behaviors, with a focus on gendered communication strategies. As social media platforms become key sources of financial advice, finfluencers have expanded access to financial information, reaching wider audiences. The study reveals that men emphasize data-driven, quantitative aspects of investing, while women often use narrative-based approaches, reflecting gendered norms in financial advice. While finfluencers contribute positively to financial literacy, the study also identifies biases and stereotypes that influence how advice is perceived and acted upon. By analyzing finfluencer content, the study shows how they reshape financial subjectivities—how individuals think, feel, and act regarding finances. The findings suggest that while finfluencers increase financial participation, they also reinforce biases, posing challenges for equitable financial education. The study calls for further research and regulatory measures to address these issues and better understand the long-term effects of finfluencers on financial behaviors.
The Evolving Role of Sharia Supervisory Boards in a Volatile, Uncertain, Complex, and Ambiguous (VUCA) Indiharwati, Arum
Journal of Economics, Business, and Government Challenges Vol. 7 No. 02 (2024): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v7i02.1535

Abstract

This paper examines the evolving role of Sharia Supervisory Boards (SSBs) in Islamic finance within a Volatile, Uncertain, Complex, and Ambiguous (VUCA) environment. Employing a systematic literature review (SLR) of 15 peer-reviewed articles published between 2009 and 2024 from reputable databases such as Scopus and SpringerLink, the study identifies key challenges SSBs face, including ensuring Sharia compliance amidst rapid technological advancements and dynamic regulatory landscapes. The findings highlight the importance of adaptability, interdisciplinary expertise, and enhanced collaboration in enabling effective governance. SSBs are urged to transition from traditional compliance-focused roles to adaptive governance frameworks capable of addressing the complexities of contemporary financial systems. The study contributes to the existing literature by offering a comprehensive analysis of SSB adaptability in the VUCA era and providing actionable recommendations for policymakers and financial institutions, such as strengthening SSB autonomy, fostering member proficiency, and encouraging cross-border collaboration to address global uncertainties.
Evaluation of Mustahik Welfare Achievement: A Case Study of BAZNAS Mojokerto Regency from the Perspective of Maqashid Sharia Nurillah, Shinta Lintang; Herianingrum, Sri; Yasin, Ach; Suryaningsih, Sri Abidah; Indrarini, Rachma; Timur, Yan Putra
Journal of Economics, Business, and Government Challenges Vol. 7 No. 02 (2024): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v7i02.1534

Abstract

This study aims to evaluate the welfare of mustahik through the BAZNAS program in Mojokerto Regency from the perspective of Maqashid Sharia, and to examine the role of BAZNAS Mojokerto Regency in greater depth. The research employs a qualitative approach with a case study method. Observations, interviews, document analysis, annual reports, and literature reviews were conducted to validate the implementation of the BAZNAS program in Mojokerto Regency. The results show that BAZNAS Mojokerto Regency has made significant efforts in distributing zakat funds for the welfare of the community. However, there are several challenges related to the efficiency of fund management and distribution, which affect the optimal achievement of Maqashid Sharia goals. This study provides recommendations for more transparent and efficient zakat management, as well as enhanced coordination among stakeholders to achieve better community welfare outcomes. This research offers a new perspective in evaluating community welfare achievement through the Maqashid Sharia criteria in the BAZNAS Mojokerto Regency program.
Enhancing Higher Education Quality Through Internal Audit Practices Farras Luthfi, Nabillah; Murdhaningsih; Anisah Harared, Bunga
Journal of Economics, Business, and Government Challenges Vol. 7 No. 02 (2024): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v7i02.1536

Abstract

To maintain and improve quality and academic services, universities need an internal audit system that covers governance and educational aspects. Internal audit is responsible for monitoring and evaluating the implementation of higher education institutions' work plans. This study examines the role of internal audit in higher education through a literature review of previous studies. The results show that internal audit is important in building and improving the quality of higher education. By ensuring the effectiveness of the organisation's risk management framework, internal audit can help higher education institutions face governance challenges. Additionally, internal audits support the implementation of the three lines of the defence model, which integrates multiple layers of defence within an organisation to achieve strategic objectives. The role of an internal audit includes not only the oversight of regulatory compliance but also the strengthening of senior management's decision-making processes. Overall, internal audits are a control tool and a strategic partner in improving higher education quality. This conclusion underscores the critical role of a robust internal audit function in ensuring the success of higher education institutions in delivering high-quality academic services.
The Role of Firm Attributes in Financial Distress Risk Raharjo, Yulianti; Fitriani, Nurul
Journal of Economics, Business, and Government Challenges Vol. 7 No. 02 (2024): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v7i02.1538

Abstract

This study explores the role of firm attributes consisting of corporate reputation, firm size, leverage, financial slack, and depreciation on the financial distress risk. The sample includes 1,789 non-financial public companies listed on the Indonesia Stock Exchange (BEI) during the period 2021 to 2023. Multiple regression analysis using STATA application to test the proposed hypotheses. The findings suggest that companies with a good reputation and high liquidity tend to have a lower risk of financial distress. In contrast, companies with larger sizes, higher leverage, and higher depreciation levels are associated with an increased risk of financial distress. This study expands understanding of the factors affecting financial distress risk, focusing on the financial aspects of companies. Furthermore, the findings are expected to provide useful insights for management regarding the importance of firm attributes (such as corporate reputation, firm size, leverage, financial slack, and depreciation) in managing financial distress risk, especially following the economic impact of the COVID-19 pandemic.
The Impact of ESG Performance on Firm Value: A Study of High and Low Profile Industries in Southeast Asia Utami, Martiana Riawati; Naufal Afif
Journal of Economics, Business, and Government Challenges Vol. 8 No. 1 (2025): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v8i1.1523

Abstract

The objective of this study is to gather empirical evidence on the relationship between environmental, social and governance performance (ESG performance) and firm value. The study also aims to identify any differences in ESG performance on firm value between high-profile and low-profile industry types. The research sample has been divided based on the type of high-profile and low-profile industry, in order to ascertain the relationship between ESG performance and firm value, with the aim of identifying any differentiating variables. The study utilises a sample comprising companies listed on the Stock Exchange of Thailand, Bursa Malaysia, Singapore Exchange, Philippine Exchange and Indonesia Stock Exchange between 2014 and 2019. The sample was selected using the purposive sampling method. The data analysis employs panel data regression analysis using the Generalised Least Squares (GLS) method. The findings of this study demonstrate that ESG performance has a positive impact on firm value. Furthermore, the ESG performance of companies in the high-profile industry type has the potential to influence the growth of firm value. This research offers insights that can inform the decision-making processes of companies seeking to implement sustainability-related programmes and operational mechanisms through ESG performance. Additionally, it provides a valuable resource for investors considering sustainability information when making investment decisions.
Indonesia's Tax Incentives Policies in Supporting the Post-Pandemic Trade Activities of MSMEs, Mulya Rattan Pertiwi, Elyana Ade
Journal of Economics, Business, and Government Challenges Vol. 8 No. 1 (2025): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v8i1.1569

Abstract

This research will discuss the role of tax incentives in supporting Micro, Small, and Medium Enterprise (MSMEs), Mulya Rattan trade activity post Covid-19 Pandemic. The existence of a tax intensive program from the Indonesian government helps the export activity considering high taxes are the main problem for MSMEs. The incentive aimed to support Mulya Rattan product marketing to positively and sustainably improve their gain during economic recovery. This research is using qualitative research methods supported by primary data from in-depth interviews with the Founder of Mulya Rattan. The interviews were then analysed with existing literature studies. The result of this research shows that tax incentive issued by the Directorate General of Taxes, Ministry of Finance of the Republic of Indonesia is positive towards the MSMEs in general. However, the incentive did not make a significant difference to Mulya Rattan as the level of economic activity carried out is the same when compared to activities before the incentive was implemented. Mulya Rattan has the ability to stabilize their product export even without the help of the incentive by utilizing self-managed resources into competitive products. Therefore, if we see this phenomenon through Ambiguity-Conflict Model by Richard E. Matland, it is seen as experimental implementation. The Ambiguity of the incentive was high considering the minimal policy delivery mean utilized by the government resulting in Mulya Rattan not knowing the incentive itself.
The Effect of Organizational Support, Leadership Style and Work Environment to Employee Performance at KPPBC TMP A Pasuruan Angga Pradika, Alfian; Harsasi, Meirani; Maharani, Anita
Journal of Economics, Business, and Government Challenges Vol. 8 No. 1 (2025): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v8i1.1573

Abstract

Through this research, our aim is to present the dynamics within factors affecting employee performance in KPPBC TMP A Pasuruan, as public service offices. The research approach is quantitative, and KPPBC TMP A Pasuruan public service office as our study object. The technique to collect data was through questionnaire distribution. The type of data collection is cross-sectional, and all incoming data is analyzed through multiple linear regression analysis techniques. After collecting and analyzing the data, we then discover factors assumed to influence employee performance at KPPBC TMP A Pasuruan are proven, partially and simultaneously. The contribution that can be made from this research is to enrich the literatures that discusses concept and case study of employee performance in public services. The concepts including employee performance, organizational support, leaderships’ style and work environment.
A Bibliometric Analysis of Best Practices on The Food Security Strategy to Economic Resilience Utami, Anisa Fitria; Triandini, Noer Aida; Nadofah
Journal of Economics, Business, and Government Challenges Vol. 8 No. 1 (2025): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v8i1.1587

Abstract

Food security has remained a global concern, despite efforts in the international goal to eliminate food insecurity during the last few decades. However, the subjective dimension of food security has received little attention in food security research. Research Methods: This article provides detailed procedural directions for (i) combining and cleaning bibliometric data from several databases (Scopus and Web of Science) and (ii) doing bibliometric analysis with multiple tools (bibliometrix and VOSviewer). Then, We used bibliometric analytic techniques with regard to document type, subject area, author, and country of publishing. Finding/Results: The study's findings reflect research trends, highlight major research obstacles, and suggest prospective areas for future research in this fascinating field. Conclusion: The results show an increase in studies on food security strategies, especially during the Covid-19 pandemic, due to the increasing global awareness of challenges such as climate change and population growth. China is the country with the highest number of publications on food security strategies. Research on food security strategies is multidisciplinary, involving economic, environmental, and social aspects, so multidisciplinary and global collaboration is needed.
Political Energy Rhetoric and Market Reactions: Event Study of Global Equity, Fossil, and Renewable Assets Akbar, Rasyidi Faiz
Journal of Economics, Business, and Government Challenges Vol. 8 No. 1 (2025): Journal of Economics, Business, and Government Challenges [JoEBGC]
Publisher : Faculty of Economics and Bussiness, UPN "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/ebgc.v8i1.1600

Abstract

This study investigates the market reactions to Donald Trump’s 2024 presidential announcement, focusing on its impact on equity markets, coal, and clean energy assets. Given the limited research on how pro-fossil fuel political rhetoric affects both traditional and emerging energy sectors, this study highlights the spillover effects between fossil and clean energy markets. Using event study methodology, the analysis covers a 10-day window surrounding the announcement (t–5 to t+5), calculating abnormal returns (AR), average abnormal returns (AAR), and cumulative average abnormal returns (CAAR) across various markets. The results show positive abnormal returns in equity markets of Canada, China, and Saudi Arabia, reflecting optimism toward energy and trade policies. However, fossil fuel markets showed mixed reactions, with significant declines in crude oil and natural gas. Renewable energy assets, including Canadian Solar and First Solar, suffered losses, as did the electric vehicle and lithium sectors, particularly companies like Tesla and Tianqi. The findings contribute to the understanding of market sensitivity to political energy signals and offer valuable insights for investors and policymakers, with future research suggesting a need for exploring the long-term impact of policy shifts on market behaviour and stability.

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