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INDONESIA
International Journal of Business, Economics, and Social Development
ISSN : 27221164     EISSN : 27221156     DOI : https://doi.org/10.46336/ijbesd
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
Articles 329 Documents
The Effect of Workload and Psychological Capital on Burnout for Media Company Employees in Cirebon City, West Java, Indonesia Setiawan, Tegar; Murtafiq, Ahmad
International Journal of Business, Economics, and Social Development Vol 5, No 3 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i3.645

Abstract

This study aimed to determine how workload and psychological capital impact burnout among employees of media companies in Cirebon City. This study used the quantitative method to collect primary data by distributing Likert-scale questionnaires directly to 17 media companies around Cirebon City. Secondary data came from research methodology books and national and international official journals. The researcher conducted data analysis using SPSS to test the hypothesis and research model. Using the non-probability purposive sampling method, the research sample was 153, collected from 17 media companies. The results showed that workload has a positive and significant effect on burnout, psychological capital has a negative and significant effect on burnout, and workload and psychological capital have a significant relationship with burnout among employees of media companies in Cirebon City, West Java, Indonesia.
The Role of Education in Increasing Social Awareness and Community Participation: A Case Study in Teluk Bintuni, West Papua Jaizul, Alim; Surya, Dhika
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.880

Abstract

This study examines the role of education in increasing social awareness and community participation in Teluk Bintuni, West Papua, an area rich in natural resources but still lagging behind in terms of education and welfare. Using a qualitative approach with a case study method, this study explores in depth how education contributes to social change and the factors that influence its effectiveness. Data collection was conducted through in-depth interviews, participant observation, document analysis, and Focus Group Discussions (FGD) involving local communities, educators, community leaders, local governments, and civil society organizations. The results of the study showed a positive correlation between education levels and levels of social awareness and community participation in development. Statistical data shows that the community's education profile is still low with 18.4% not attending school, 35.6% having elementary school education, 25.3% having junior high school education, 15.2% having high school education, and only 5.5% having higher education. The study identified four main inhibiting factors: limited access to education, lack of qualified educators, low community awareness of the importance of education, and local cultural aspects that limit educational participation. To address these challenges, five strategies are recommended: improving educational infrastructure, training educators, developing non-formal education programs, utilizing technology, and collaborating with civil society organizations and the private sector. This study makes an important contribution to understanding the linkages between education, social awareness, and community participation in remote areas, and provides practical recommendations for developing more effective and sustainable education policies.
Empirical Analysis of the AfCFTA in the SADC Region: Evidence using the PPML Estimation Technique Chiranga, Ngonidzashe
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.700

Abstract

The challenges that small countries in the Southern African Development Community (SADC) face towards the successful implementation of the Africa Continental Free Trade Agreement (AfCFTA) have not been adequately empirically tested to establish if there is scope for mutually beneficial trade among the countries as advocated by AfCFTA’s intra-regional trade promotion. This study employs the gravity model of trade theory. The main objective of this paper is to empirically test if there are mutual gains from intra-regional trade for small countries in the SADC region that face several political, legal, economic, and institutional challenges toward the successful implementation of AfCFTA. This study utilised a modified structural gravity model estimated using the Poisson Pseudo-Maximum-Likelihood (PPML) approach. A balanced panel data from a set of select nine SADC countries over the period 2010-2022 is used. The study finds that distance negatively and significantly affects bilateral trade. In addition, overlapping Regional Economic Community (REC) membership positively influences bilateral trade for small landlocked SADC countries and island nations that have a high trade presence in the region. However, after considering agricultural-dependent nations, overlapping REC membership has a trade-reducing impact. Furthermore, poor institutional quality at the destination country was found to reduce bilateral trade negatively and significantly which eventually increased the overall trade costs. The study recommends AfCFTA members diversify their exports and add value to their agriculture products to adequately benefit from the agreement.
Financial Ratio’s and Profit Growth: Company Size Moderation -, Kholisoh; Nabila, Rosantia; Kulwa, Maidatul; -, Maiyaliza
International Journal of Business, Economics, and Social Development Vol 5, No 3 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i3.658

Abstract

Sepanjang tahun 2022, perusahaan telekomunikasi mengalami peningkatan laba bersih yang signifikan, sebuah tren yang terjadi di berbagai entitas dalam industri ini. Penelitian ini bertujuan untuk mengetahui pengaruh financial metrics yaitu Current Ratio, Debt to Equity Ratio, dan Total Asset Turnover, serta pengaruh moderasi ukuran perusahaan terhadap pertumbuhan laba pada perusahaan subsektor telekomunikasi yang terdaftar di BEI. antara tahun 2019 hingga 2022. Dengan menggunakan pendekatan kuantitatif, penelitian ini menggunakan purposive sampling untuk memilih sampel sebanyak 9 perusahaan dari populasi sebanyak 21 perusahaan. Analisis data dilakukan dengan menggunakan uji Moderated Regression Analysis Test. Hasil penelitian menunjukkan Current Ratio berpengaruh signifikan terhadap pertumbuhan laba, sedangkan Debt to Equity Ratio dan Total Asset Turnover tidak menunjukkan pengaruh signifikan. Selain itu, ukuran perusahaan memoderasi hubungan antara Current Ratio dan pertumbuhan laba, namun tidak memberikan pengaruh moderasi yang signifikan terhadap Debt to Equity Ratio dan Total Asset Turnover.
Comparative Analysis of LSTM and GRU Models for Ethereum (ETH) Price Prediction Saputra, Moch Panji Agung; Ibrahim, Riza Andrian; Saputra, Renda Sandi
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.887

Abstract

The increasing use of cryptocurrencies has changed the dynamics of investment, presenting both opportunities and challenges for investors. Although various studies have compared the performance of Long Short-Term Memory (LSTM) and Gated Recurrent Unit (GRU) in predicting financial asset prices, there are still differences in results regarding which model is superior. Therefore, this study aims to compare the performance of LSTM and GRU in predicting Ethereum prices using a hyperparameter tuning approach. The data used is historical data of Ethereum (ETH) shares from 2020 to 2025. The research methodology includes data preprocessing using Min-Max scaling, model development with various layer configurations, and comprehensive evaluation using several performance metrics. The results show that the GRU Model provides superior performance with a lower Root Mean Squared Error (RMSE) of 0.0234 and Mean Absolute Error (MAE) of 0.0168, compared to LSTM's RMSE of 0.0265 and MAE of 0.0193. While LSTM exhibits a slightly better Mean Absolute Percentage Error (MAPE) of 18.08% compared to GRU at 18.17%, the GRU model achieves a higher R² Score of 0.9442 compared to LSTM at 0.9282. Visual analysis of the prediction patterns and residual distributions further demonstrates GRU’s more consistent and accurate performance in capturing Ethereum price movements. These findings suggest that while both models are effective for cryptocurrency price prediction, GRU offers slightly better overall performance and stability, especially in maintaining consistent prediction accuracy across different market conditions.
Calculation of Premium Reserve Value in Whole Life Insurance Using the New Jersey Method Farida, Nur Rizky
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.874

Abstract

The Dynamic Effects of Social Accountability Initiatives in Governance for the South African Public Service Sector Enaifoghe, Andrew
International Journal of Business, Economics, and Social Development Vol 5, No 3 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i3.656

Abstract

The objective of the study explore the idea of social accountability in governance, paying close attention to the interactions and synergies between information, citizen participation, and governmental responsiveness. In earlier research, scholars frequently made the implicit assumption that information paved the way for citizens' voices and, in turn, state responsiveness. Enhanced public action is a requisite, but not an adequate, precondition for social accountability in governance. Furthermore, a positive state response does not always follow the citizen's voices. Service providers and officials may choose to ignore the voice of the citizen, respond to it with retaliation, or, despite good intentions, be limited in their ability to respond due to a lack of capacity or resources. The study indicated that more effective than initiatives that only encourage localized change, strategic actions include a focus on creating an enabling environment and enhancing governmental responsiveness. Findings show that a positive governmental response may not always result from a citizen's voice, despite good intentions, service providers and officials may choose to ignore or respond to public complaints with harsh measures, or they may simply not have the means or capacity to do so. The study concluded that more effective than initiatives that solely support localized citizen voice, strategic actions involve a focus on creating an enabling environment and enhancing governmental responsiveness.Keywords: Social accountability, governance, initiatives, responsiveness, citizens, interactions
AI Adoption in Business: Opportunities and Challenges for Start-ups Irman, Dede; Putra, Deva
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.881

Abstract

Artificial intelligence (AI) has become a technology that plays an important role in business transformation, including in the start-up sector. This study aims to analyze the opportunities and challenges in adopting AI in start-up businesses and its impact on company performance. The research method used is a qualitative and quantitative approach by collecting data through surveys, interviews, and literature studies. The results of the study show that AI provides various benefits for start-ups, such as increasing operational efficiency, optimizing decision-making, personalizing customer service, and reducing labor costs. The fintech and e-commerce sectors are the industries with the highest rates of AI adoption due to the need for automation and data security. However, the implementation of AI also faces various challenges, including high costs, limited expertise, integration with legacy systems, and data security and regulatory issues. Further analysis shows that start-ups that successfully adopt AI have a mature strategy in technology investment and human resource development. In addition, the effective implementation of AI can increase the competitiveness of start-ups and support sustainable business growth. Therefore, a strategic approach is needed in facing the challenges of AI implementation so that the benefits obtained can be optimized. This study is expected to provide insights for business owners, investors, and policy makers in developing more effective AI adoption strategies in the future.
Nature and Extent of COVID-19 Challenges Among Small, Medium, and Micro Enterprises in Botswana. CHAURURA, PEARSON
International Journal of Business, Economics, and Social Development Vol 6, No 1 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i1.741

Abstract

Small, Medium, and Micro Enterprises (SMMEs) make significant contribution to economic growth in both developed and developing economies. In Botswana, the government has made extensive investment in the SMME sector, but the expected returns are compromised by poor performance and business failure among SMMEs. This problem is amplified during crises as they bring various challenges to the sector. This study used the recent COVID-19 pandemic as a proxy to identify and evaluate the nature and extent of challenges faced by SMMEs in Botswana during crisis times. A mixed methods approach was employed to collect data from 250 SMMEs in Gaborone, Francistown and surrounding areas. SPSS and manual coding and thematic analysis were used to analyse the data. It was found that SMMEs in Botswana encountered several challenges the most important being financial (75.4%), technological (74.4%), and human resource (68.8%) challenges. Specifically, these were drop in sales/business (89.2%), need for accelerated digitisation (45.8%), and capacity to ensure the well-being of employees (58.4%). Additionally, there were challenges with accessing and utilising government programmes despite a high level of awareness among SMMEs. Some challenges showed significant association with SMME industry sectors implying their potential importance in some sectors compared to others. The dominance of financial, technological, and human resource challenges may underscore the central role they play in SMME operations. It is not enough for governments to avail resources, programmes, policies and frameworks in support of SMMEs. More needs to be done to promote their access, uptake, and utilisation.
Effect of Structural Alignment on Performance of Selected Micro Finance Institutions in Meru County, Kenya Gatwiri, Linet; Obuba, Robert
International Journal of Business, Economics, and Social Development Vol 5, No 3 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i3.659

Abstract

One of the most significant challenges affecting the financial sector pertains to issues such as loan non-repayment, a weak legal framework, and ineffective strategies for lender recourse and bad debt recovery. This has particularly impacted microfinance institutions, leading to Non-Performing Loans (NPLs) that diminish profits through credit losses and direct write-offs for loans turning into bad debts, ultimately reducing the funds available for lending. These challenges have posed a serious threat to the stability and survival of some Microfinance institutions in Kenya. Recognizing this gap, the research delved into exploring the effect of structural alignment on the performance of selected microfinance institutions in Meru County Kenya. Employing a descriptive research design, the study targeted 530 individuals comprising of Senior Managers, Tellers/Field Officers, and Customers of the ten selected Microfinance institutions within Meru County. Using Cochran (1977) formula as adopted by Chaokromthong and Sintao (2021) the study came up with a sample size of 223 respondents who were selected randomly to participate in the survey. Primary data was collected using questionnaires, and the semi-structured instrument was pilot-tested by 20 staff from Key Microfinance. The questionnaires were delivered to the respondents' workplaces and subsequently collected for analysis, which involved both descriptive and inferential statistical methods. The study's findings were presented through tables, figures, and qualitative discussions for analysis.