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International Journal of Business, Economics, and Social Development
Published by Research Collaboration Community
ISSN : 27221164     EISSN : 27221156     DOI : https://doi.org/10.46336/ijbesd
Core Subject : Economy, Humanities, Education, Social,
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International Journal of Business, Economics and Social Development (IJBESD) is published 4 (four) times a year and is the flagship journal of the Research Collaboration Community (RCC). It is the aim of IJBESD to present papers which cover the theory, practice, history or methodology of Business, Economics and Social Development. However, since Business, Economics and Social Development are primarily an applied science, it is a major objective of the journal to attract and publish accounts of good, practical case studies. Consequently, papers illustrating applications of Business, Economics and Social Development to real problems are especially welcome. GENERAL BUSINESS AND MANAGEMENT e-Business International Business Business Strategy Marketing Supply Chain Management Organization Studies Entrepreneurship and Business Development Enterprise Innovation Human Resource Management Business Ethics Business Economics Business Communication Business Finance International Business and Marketing Organizational Development and Challenges Leadership and Corporate Governance Tourism Operations Management Human Resources Economics Regional Economics Industrial Economics Financial Economics Labor Economics Law and Economics Regulatory Economics Economic Growth and Development Policy Technological Change, Innovation Research and Development Economic Systems GENERAL ECONOMICS Economic Methodology Schools of Economics Production and Organizations Market Structure and Pricing Welfare Economics Public Finance & Public Choice Prices, Business Fluctuations Economic Policy International Finance International Economics Institutional & Corporate Finance Accounting Insurance and Risk Management Monetary Banking Marketing Management Issues Innovation and Change Management Banking and Finance Natural Resource Economics Microeconomics Economics in Development and Sustainability Issues Comparative Economic Systems Stock Exchange Business Economics Capital Market Macroeconomics Economics Theory and Policy Issues Energy Economics and Policy Monetary Economics Public Economics Other areas of Economics COMMUNITY DEVELOPMENT Social Work Health and Sport Sciences Human Development Quality of Life Psychology Communication Public Administration Leadership Style Sociology Anthropology Religious Studies Civilizations Social Innovation Other areas of Social Studies and Art & Humanities Political Science Public Policy Political Psychology Protection of Children and Women Political Party System Education Social Sciences Education Science Education Pre-School Education Measurement and Evaluation Talent Development Education Management Education technology Street Children Education Ethnoscience and many more
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Articles 17 Documents
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Search results for , issue "Vol. 6 No. 2 (2025)" : 17 Documents clear
Indonesian Banking Stock Portfolio Optimization Based on Ridge Regression Prediction Saputra, Moch Panji Agung; Setyawan, Deva Putra; Wahid, Alim Jaizul
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.1064

Abstract

The Indonesian stock market in the banking sector is a popular investment instrument with high return potential but faces market volatility and global economic uncertainty that requires adaptive and data-driven portfolio management strategies. Traditional asset allocation strategies such as equal weighting or based on historical performance have limitations in dynamic market conditions, while the application of machine learning, especially Ridge Regression, in stock return prediction and portfolio optimization in the Indonesian market has not been widely explored. This study aims to build an integrated pipeline for portfolio prediction and optimization using Ridge Regression on Indonesian banking stocks. Methods: Daily closing price data of five major banking stocks (BBRI, BBCA, BMRI, BBNI, BBTN) for the period 2015-2025 are used with technical indicators of moving average and rolling standard deviation as input features. The Ridge Regression model is trained using TimeSeriesSplit cross-validation to predict daily returns, then the prediction results are integrated into the Mean-Variance optimization framework to maximize the Sharpe ratio. The Ridge Regression model shows excellent predictive performance with an average R² of 0.9986, MAE of 0.000466, and RMSE of 0.000720. The Ridge-based portfolio strategy achieves identical performance to the historical optimal strategy with an annualized return of 10.64% and a Sharpe ratio of 0.4705, significantly outperforming the equal-weight strategy (return of 6.63%, Sharpe ratio of 0.2562). A practical implementation simulation with IDR 100 million funds shows feasible execution with less than 1% deviation from the optimal weights. Ridge Regression is proven to be effective in capturing the return pattern of Indonesian banking stocks and enables superior portfolio performance when integrated with modern portfolio theory, providing investors with a robust and data-driven approach to portfolio optimization in emerging markets.
The Role of Value Creation Innovation in Mediating the Relationship Between Digital Transformation, Strategic Agility, and Organizational Performance Nurcahyo, Marsanto Adi; Hermawan, Asep; Anggiani, Sarfilianty
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.885

Abstract

The objectives of this study are to examine the mediating role of value creation innovation in the relationship between organizational performance and the independent variables digital transformation and strategic agility. This study employs a quantitative research method with a nonprobability sampling approach and purposive sampling technique, targeting first-level and middle-level managers as the unit of analysis. The final sample consists of 156 respondents with data collected cross-sectionally. The collected data were analyzed using SmartPLS version 4. The results indicate that value creation innovation plays a full mediating role in the relationship between digital transformation and strategic agility on organizational performance, as the estimated mediation effect is greater than the direct effect. Theoretical implications of this research highlight that incorporating value creation innovation as a mediating variable strengthens the impact of digital transformation and strategic agility on organizational performance. The limitations of this study are that the respondents are only companies in bonded zones whose numbers are limited, with variables and research methods that are still limited. Future research should consider expanding the sample to include companies beyond bonded zones, integrating additional exogenous variables into the research model, and employing qualitative or mixed methods approaches to gain deeper insights.
The Influence of Electronic Human Resource Management, Strategic Leadership, and Work Motivation on Organizational Performance in Indonesian Army Hospitals: The Mediating Role of Organizational Culture Permana, Ade; Arafah, Willy; Anggiani, Sarfilianty
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.890

Abstract

This study aims to analyze the influence of Electronic Human Resource Management (E-HRM), Strategic Leadership, and Work Motivation on the Organizational Performance of Indonesian Army hospitals, with Organizational Culture as a mediating variable. Implementing this research in the context of military hospitals is expected to enhance the performance of Indonesian Army hospitals. This study employs a quantitative approach with a non-probability sampling method, specifically purposive sampling. The analyzed unit consists of middle-to-upper-level leaders in Indonesian Army hospitals. Data were collected through a questionnaire using a Likert scale of 1–5, distributed to 278 respondents. Structural Equation Modeling (SEM) was utilized to analyze data and examine the relationships between variables, including the mediating role of Organizational Culture. The results indicate that E-HRM does not directly influence Organizational Performance but has a positive effect through Organizational Culture as a mediator. Strategic Leadership significantly and directly impacts Organizational Performance, while Work Motivation does not have a direct influence but positively affects Organizational Performance through Organizational Culture. Additionally, Organizational Culture fully mediates the positive effects of E-HRM and Work Motivation on Organizational Performance and partially mediates the relationship between Strategic Leadership and Organizational Performance. This study contributes to theory and management practices by developing a model integrating E-HRM, Strategic Leadership, and Work Motivation within the Indonesian Army hospital context. It provides insights for optimizing leadership strategies, strengthening Organizational Culture, enhancing Work Motivation, and improving the effectiveness of E-HRM implementation to achieve better Organizational Performance.
Financial Distress Prediction Analysis at PT Garuda Indonesia Tbk for 2020-2023 Using the Grover, Taffler and Springate Methods Hasanah, Fayza Safira; Hasanah, Ananda Putri; Budianto, Erwin
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.891

Abstract

This study aims to evaluate the potential financial distress of PT Garuda Indonesia Tbk during the period 2020-2023 using three prediction models: Grover, Taffler, and Springate. Financial distress is an early sign of financial instability that can lead to bankruptcy, so it is important to analyze it to prevent greater risks. This study uses a quantitative descriptive method with secondary data from the company's financial statements. The results of the analysis show that although Garuda Indonesia's financial condition improved in 2021 and 2022, financial stress returned in 2023. The Grover model is more sensitive in identifying financial distress, while the Taffler method tends to be optimistic, and Springate shows more variable results. Based on these findings, companies need to implement more effective financial strategies to maintain their stability and reduce the risk of bankruptcy.
The Role of Boundary Spanning Strategy in Mediating the Improvement of Organizational Performance: A Study on the Indonesian Ministry of Health Hospital Paryanto, Paryanto; Arafah, Willy; Anggiani, Sarfilianty
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.892

Abstract

Purpose - This study aims to analyze the role of Boundary Spanning Strategy in mediating the influence of Organizational Culture, Strategic Leadership, and Job Satisfaction on Organizational Performance within the context of a study conducted at Ministry of Health hospitals in Indonesia. These hospitals are characterized by resource-intensive operations, substantial capital, advanced technology, detailed procedures, and complex challenges. Additionally, strict regulations, silo culture, and bureaucratic complexity often hinder innovation and managerial effectiveness. Methodology - This study adopts a quantitative approach using a non-random purposive sampling technique with a cross-sectional or one-shot design. Data were collected through an online questionnaire distributed to top- and middle-level managers across 37 Ministry of Health hospitals throughout Indonesia. A total of 320 responses were collected and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS version 3 software. Findings - The results indicate that Boundary Spanning Strategy fully mediates the influence of Strategic Leadership on Organizational Performance and partially mediates the influence of Organizational Culture on Organizational Performance. Meanwhile, although Job Satisfaction has a direct influence on Organizational Performance, its indirect effect through Boundary Spanning Strategy is not significant, indicating the absence of mediation. Implications - The theoretical implication of this research is to extend the understanding of organizational theories, particularly Resource-Based View and Organizational Behavior Theory, by emphasizing the critical role of boundary-spanning strategies in enhancing organizational performance. Practically, the findings offer guidance for hospital managers to strengthen boundary-spanning competencies, prevent silo culture, and foster cross-unit collaboration within the organization. Furthermore, this study underscores the importance of regulatory support to encourage boundary-spanning behaviors in the healthcare sector. Research Limitations - The limitations of this study include the use of a single quantitative approach and a cross-sectional design, which restrict the understanding of the dynamic relationships between variables over time. Therefore, future research is recommended to employ a mixed-methods approach with a longitudinal design to gain a more comprehensive insight into the studied phenomenon.
The Influence of Work Efficiency, Strategic Leadersip, and Organizational Change Mediated by Digital Transformation on the Organizational Performance of Indonesian Army Hospitals Mustakman, Fauzi; Arafah, Willy; Anggiani, Sarfilianty
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.899

Abstract

This quantitative study aims to analyze the mediating role of Digital Transformation on Organizational Performance in Level II Army Hospitals of the Indonesian National Armed Forces (TNI AD), with independent variables including Work Efficiency, Strategic Leadership, and Organizational Change. Data collection was conducted using a cross-sectional approach, employing non-probability sampling with a purposive sampling technique. The unit of analysis comprised individuals at the Top and Middle Management levels of Level II Army Hospitals, with a total population of 318. Data were collected online via Google Forms, yielding 209 valid responses, which were subsequently analyzed using SEM-PLS version 3. The study's findings explain 10 hypotheses, consisting of 7 direct effect hypotheses, of which 4 were supported and 3 were not. Additionally, there were 3 indirect effect hypotheses, where 1 was supported and 2 were not. The most dominant indirect effect hypothesis revealed a positive full mediation effect of Digital Transformation between Organizational Change and Organizational Performance. The theoretical implication indicates that incorporating Digital Transformation as a mediating variable strengthens the impact of Organizational Change while weakening the influence of Work Efficiency and Strategic Leadership on Organizational Performance. Meanwhile, the managerial implication suggests that Digital Transformation in Level II Army Hospitals of TNI AD has a significant impact on Organizational Performance. This study also has limitations, as data were collected only from 14 out of 77 Level II Army Hospitals under the TNI AD healthcare system. The originality of this research lies in the fact that studies examining the influence of Digital Transformation and Strategic Leadership on Organizational Performance in Army Hospitals remain scarce
Work-Life Balance and Burnout as Factor Influencing Nurse Performance at Cirebon Port General Hospital Rostianti, Jihan Dwinda; Febrian, Muhamad Rafli; Susijawati, Noveria; Sunimah, Sunimah
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.904

Abstract

The purpose of this study is to ascertain how burnout and work-life balance affect nurse performance at Cirebon Port Hospital. This study's methodology is quantitative, and its study population consists of 117 hospital-employed nurses. Using a saturated sample approach, all nurses participated in the survey. The survey with a Likert scale from 1 to 5 was used to gather data, and the statistical program SPSS was used for analysis. Multiple linear regression analysis was employed to examine the impact of burnout and work life balance on nurse performance, as well as to validate the validity, reliability, and classical assumption tests. Based on the findings, nurse performance is positively and significantly impacted by work-life balance. Burnout affects nurse performance negatively, however the effect is not statistically significant.
The Influence of Natural Resource Potential and Sovereign Wealth Fund Strategy on Organizational Performance: The Mediating Role of Human Resource Strategy in Indonesia Fahlevi, Raden Muhamad Rizza; Usman, Bahtiar; Anggiani, Sarfilianty
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.906

Abstract

This purpose of this study is to examines the mediating role of Human Resource Strategy in the relationship between Natural Resource Potential (Renewable Energy), Sovereign Wealth Fund Strategy, and Organizational Performance in Indonesia. Using a correlational quantitative method, a non-probability sampling approach, and purposive sampling, the study targets managerial officials in government agencies and state-owned enterprises (SOEs) in the renewable energy sector. The final sample consists of 143 respondents, with cross-sectional data collected via an online survey. Data analysis is conducted using Structural Equation Modeling (SEM-PLS) with SmartPLS version 4. Findings reveal that HR Strategy not only has a dominant direct influence on organizational performance but also mediates the impact of Natural Resource Potential and SWF Strategy. This underscores the importance of synergy between resource management, strategic financial policies, and human competency development in driving the energy transition. The study extends the Resource-Based View through a dynamic capability approach, highlighting that competitive value depends not only on resource ownership but also on HR adaptability. It also redefines SWF as an institutional entrepreneur, transforming macro policies into micro-level actions. However, the study’s focus on the renewable energy sector and government agencies/SOEs limits generalization. Future research should expand to other sectors, integrate contextual variables like energy decentralization policies, and adopt qualitative methods to explore HR Strategy and SWF implementation. Practical recommendations include improving HR training in green technology, enhancing SWF allocation transparency, and fostering synergy between national and local policies to support renewable energy targets.
The Influence of Product Quality and Electronic Word of Mouth on Customer Loyalty in Skincare Products at Sociolla Cirebon Indy, Ristalia; Aq, Pebi Yanti Nobu; Yusuf, Yusuf; Rahmadi, Rahmadi
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.908

Abstract

The skincare industry is undergoing a swift transformation, driven by advancements in active ingredients and technology, resulting in fierce competition as new brands emerge. In this digital landscape, product quality and Electronic Word of Mouth (e-WOM) serve as pivotal forces in cultivating customer loyalty. This study seeks to investigate the influence of these two factors on customer loyalty in skincare products available at Sociolla Cirebon. Employing a quantitative research method with an associative approach, the study surveyed 150 respondents selected through purposive sampling. Data collection was conducted via a structured questionnaire encompassing three principal dimensions: product quality, e-WOM, and customer loyalty. A series of statistical analyses were performed, including validity and reliability assessments, multicollinearity and heteroscedasticity tests, multiple linear regression analysis, partial significance testing (T-test), simultaneous significance testing (F-test), and the coefficient of determination (R²) test. The findings reveal that both product quality and e-WOM exert a significant and positive effect on customer loyalty, with an R² value of 0.943, indicating that these variables account for 94.3% of customer loyalty, while the remaining 5.7% is influenced by other factors. These results underscore the necessity of integrating superior product quality with a well-managed e-WOM strategy to fortify customer allegiance in an increasingly competitive market. Consequently, businesses should continuously enhance product quality and strategically utilize e-WOM to sustain and improve customer retention.
Exploring the Role of Refugee Entrepreneurs in South Africa: A Quantitative Study on Networks, Bulk Buying, and Profitability Geqeza, Awonke; Masha, Anthony Kambi
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.909

Abstract

This study explores the contribution of refugee entrepreneurship (RE) to South Africa's economy, a topic that remains under-researched despite the critical role these entrepreneurs play in job creation and employment. Employing a quantitative research approach, data were collected from 197 purposively selected participants through self-administered questionnaires. The data was analysed using SPSS and AMOS statistical software. The findings reveal that networks significantly contribute to business success by providing access to crucial resources, such as financing and market information. Refugee entrepreneurs leverage these, networks to overcome business challenges, receive financial support, and expand their entrepreneurial ventures. Additionally, bulk buying strategies reduce operational costs and enhance profitability. The study’s results also highlight the role of refugee businesses in filling gaps in underserved markets, as well as fostering collaboration with South African businesses, leading to the creation of jobs for local citizens. This research underscores the economic dynamism, job creation, and market diversification that refugee entrepreneurs contribute to South Africa's economy, emphasising their role as an essential driver of inclusive growth and economic stability in host countries.

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