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Bincar Nasution
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+6285360415005
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INDONESIA
International Journal of Economics (IJEC)
ISSN : -     EISSN : 2961712X     DOI : https://doi.org/10.55299/ijec
Core Subject : Economy,
International Journal of Economics (IJEC) E-ISSN. 2961-712X is a refereed publication that comes to address the Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. It is designed to publish original and high quality research work that will cast light in contemporary issues and will pave the way for the application of mould-braking solutions. IJEC’s general scope is to stimulate, promote and disseminate contemporary research that will have a significant impact on the theory and practice of Businesses, Public Organizations and other Institutions. IJEC’s aims to bridge the gap between theoretical developments and applied, policy-oriented research, becoming the ideal vehicle of advancing innovative ideas in the framework of entities’ economic management and general administration. In this context, the International Journal of Economics (IJEC) is bound to have a distinctive interdisciplinary profile, destined to cover a wide variety of topics spanning from Business Economics to Management, Finance, Accounting, Insurance, Risk Management, Auditing, Banking, International Economics, and Social Science. The ultimate mission of the International Journal of Economics (IJEC) is to constitute a valuable resource of scientific knowledge and applied research results for academics, practitioners and policy-makers becoming an indispensable ally in tackling modern economy’s challenges.
Articles 107 Documents
Search results for , issue "Vol. 4 No. 1 (2025): January-June" : 107 Documents clear
Implementation of Good Corporate Governance and Sharia Bank Performance Aryati, Aryati
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1265

Abstract

Bank financial performance is the achievement of activities within a certain period, especially related to the collection, distribution of funds, and other bank operational activities. Good Corporate Governance (GCG) can improve bank performance. One of the important objectives of implementing GCG in Sharia banking is to improve bank performance. A number of important factors are used to measure the implementation of a bank's level, one of whicht is the implementation of GCG.  The level of Islamic banks is an important part of the efforts to increase the trust of shareholders, the public, and customers. The implementation of GCG can help and facilitate Sharia bank management in developing business strategies and making it easier to achieve goals. This study aims to determine the effect of GCG implementation on the level of Islamic banks in Indonesia.  Using the bank's internal respondents. The use of these respondents was expected to provide information related to the implementation of banks. This stud uses a quantitative discrete analysis approach. The research results show that the implementation of GCG has a significant effect on the level of sharia banking. Continuous efforts are needed to implement GCG in the future, especially to increase competitiveness.
Tourism Development Strategy to Improve Community Economy Post Covid 19 Pandemic Jaya, Rahmat; Suhaeb, M. Iqbal; Hidayat, Novit; Rasna, Rasna; Arifin, Herjuno Ariwibowo
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1270

Abstract

This research aims to examine the possibility of a tourism development strategy in improving the community's economy after the Covid 19 pandemic. This research uses a qualitative method by conducting a literature study. This type of research is a type of research by presenting a collection of data from various literatures that are closely related to the side of the world tourism development strategy in improving the economic sector of the post Covid-19 pandemic community. The data taken can be in the form of scientific journals, books, articles and other sources of information relevant to the research topic. In the literature review research method, researchers usually carry out the process of searching and collecting data through various sources of information. After that, the collected data are analyzed and evaluated to support the formulation of hypotheses, theoretical frameworks, or conclusions in the research and then draw red threads and conclusions. The results of this study concluded that tourism is a very important sector for Indonesia, both in terms of economy and cultural promotion to foreign countries. To revive tourism in East Java after the COVID-19 pandemic. The East Java Provincial Government has made various efforts, including: tourism promotion strategies through public relations strategies, development of tourism destinations with various facilities, cooperation with public development, tourism, with a marine base.
The Role of Transformational Leadership in Improving Organisational Performance: A Human Resource Management Perspective Taufiq Hidayah
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1271

Abstract

This study explores the role of transformational leadership in enhancing organizational performance from a Human Resource Management (HRM) perspective. Utilizing qualitative methods, including semi-structured interviews and focus group discussions with 30 participants across various industries, the research identifies key themes that illustrate how transformational leadership behaviors influence employee motivation, job satisfaction, organizational commitment, and innovation. Findings reveal that visionary leadership fosters a shared sense of purpose, while empowerment and trust enhance employee engagement and ownership. Intellectual stimulation encourages creativity and collaboration, contributing to an innovative culture. Furthermore, supportive HRM practices, such as leadership development programs and performance management systems, are crucial in nurturing transformational leaders. The results underscore the significant impact of transformational leadership on organizational effectiveness and highlight the importance of strategic HRM initiatives in cultivating leaders who can inspire teams to achieve shared goals. This research contributes to the understanding of effective leadership dynamics within organizations and offers practical implications for HRM practices aimed at fostering high-performance cultures.
Increasing Brand Awareness through Digital Marketing and Digital Transformation: A Literature Review Sugiat, Jajang
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1289

Abstract

In the rapidly evolving digital era, companies are faced with the challenge of utilizing digital technology to increase brand awareness. Digital marketing and digital transformation have become major factors in strengthening brand awareness and creating a more personalized consumer experience. This study aims to analyze the relationship between digital marketing, digital transformation, and brand awareness in various industries. The type of research used is descriptive research with a quantitative approach. The population in this study were companies that have implemented digital marketing, with purposive sampling techniques and a sample size of 150 companies. The research locations were various companies in Indonesia that use digital channels in their marketing. The results showed that an integrated digital marketing strategy and the utilization of digital technologies such as artificial intelligence (AI) and big data analytics play an important role in increasing brand awareness. Consistency of brand messages and the use of the right channels greatly influence the success of marketing campaigns in building brand awareness. This research provides important implications for companies in designing and implementing more effective digital marketing strategies and utilizing digital technology to increase loyalty and brand awareness in a sustainable manner.
Analysis of Factors Affecting Broad Money of Five ASEAN Countries Bara' Tiku, Intan; Abd. Rahim; Sri Astuty; Diah Retno Dwi Hastuti; Muhammad Syafri
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1291

Abstract

This study evaluates the factors that influence the broad money of five ASEAN countries. Global economic uncertainty due to financial crises, geopolitical conflicts and pandemics has affected the region's economic stability. Central banks have a role in controlling broad money through monetary policy, but its effectiveness is affected by other factors such as GDP, interest rates and inflation. Moreover, the relationship between GDP growth, inflation, and interest rates with broad money is a major concern, as the trend of broad money growth in the 5 ASEAN countries continues to increase every year. The balance between broad money and price stability is crucial to prevent economic stress that could lead to a recession. Therefore, this study focuses on an in-depth analysis of the factors that influence money supply to help the government make decisions. The research sample consists of 100 data with five ASEAN countries, namely Vietnam, Indonesia, Thailand, Philippines and Malaysia with a time series of 2004-2023. This methodology uses a mixed approach, namely quantitative with secondary data from the World Bank & IMF with LSDV analysis. It was found that the adjusted r square value was 97%, which means that GDP, interest rates, and inflation used were able to explain the money supply of 5 ASEAN countries by 97% and 3% was influenced by other factors outside this study. GDP was found to have no significant effect while interest rates have a significant negative effect and inflation has a significant positive effect on the broad money of 5 ASEAN countries. The government is expected to better analyze the policies and actions taken, such as managing monetary policy wisely, especially in maintaining the stability of inflation and interest rates so that the money supply can be well controlled.
Analysis of the Long-Term Impact of Public Debt Policy on Macroeconomic Stability in Indonesia Buniarto, Edwin Agus; Umasugi, Mohbir; Musyarofah, Atiqatul; Setiawan, Johan; Hartoto, Hartoto
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1292

Abstract

Public debt policy plays an important role in the Indonesian economy, especially in supporting development financing and maintaining fiscal stability. This study analyzes the long-term impact of public debt on macroeconomic stability, considering indicators such as economic growth, inflation, fiscal balance, exchange rate, and interest rate. This study uses secondary data from Bank Indonesia (BI), Ministry of Finance (MoF), Central Bureau of Statistics (BPS), International Monetary Fund (IMF), and the Indonesian Central Bureau of Statistics (IBPS). Fund (IMF), and the World Bank to identify the relationship between debt policy and national economic stability. The results of the analysis show that although public debt can drive economic growth if used for productive investments such as infrastructure, education, and other strategic sectors, an increase in debt that is not managed properly risks causing fiscal imbalance, inflation, and dependence on foreign financing. The econometric model used in this study shows that Indonesia's economic growth tends to decline when the debt-to-GDP ratio increases significantly. In addition, fluctuations in the rupiah exchange rate and international interest rates also affect the amount of foreign debt payments. This study recommends a more transparent debt management policy that is oriented towards productive investment, diversification of financing sources to reduce exchange rate risk, and fiscal reform to increase state revenues and reduce dependence on debt. With the right strategy, public debt can function as an instrument of sustainable development without sacrificing long-term economic stability.
Financial Sector Development and Real Sector Expansion in Nigeria Iriabije, Alex Oisaozoje; Effiong, Ubong
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1295

Abstract

This paper examined the effect of financial sector development on the growth of the real sector of the Nigerian economy from 1981 to 2022. Financial sector development was measured using the interest rate spread which measures the intermediation efficiency of the financial system while the growth rate of real gross domestic product was used to capture real sector expansion. The study utilized time series data which were obtained from the World Bank and the Central Bank of Nigeria statistical bulletin. The autoregressive distributed lag model (ARDL) model was utilized for the analysis. Findings from the study indicated that financial sector development exerted a negative and significant effect on economic growth in the short run while the effect becomes positive and significant in the long run. It was concluded that greater interest rate spread arises from high transaction cost associated in financial intermediation in developing economies with infrastructural deficiency. The paper recommended that there is need to further deepen the Nigerian financial system by a narrower interest rate spread. This can be achieved through provision of necessary infrastructure to cut down the transaction costs which are usually factored into the lending rate.
The Effect of Consumer Satisfaction on Loyalty and Word of Mouth in Fast Food Restaurants Among Gen Z Amelia, Rika; Nisa, Puspita Chairun
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1296

Abstract

Customer satisfaction a very important role in marketing strategies that can be implemented by fast food restaurants by presenting high-quality menus and providing optimal service to consumers, fast food restaurants strive to create positive experiences that can increase customer trust. The purpose of this study was to determine how much influence customer satisfaction has on consumer loyalty and Word of Mouth in fast food restaurants among generation Z. This type of research is quantitative with a purposive sampling technique distributed through questionnaires fast food consumer’s restaurant respondents aged 18-27 years and domiciled in the Bekasi area. Primary data analysis was carried out using the Structural Equation Modeling (SEM) method. The results of this study indicate that the food quality variable has the greatest direct influence on customer satisfaction, then the trust variable does not moderate the relationship between customer satisfaction and customer loyalty. This study contributes to fast food restaurants in maintaining and increasing customer satisfaction can be seen from several factors, namely prioritizing food quality as an effort to improve restaurant quality, especially related to the menu offered. High quality will provide greater customer satisfaction, of course it will be more in demand by generation Z. For further research, researchers plan to expand the research area and look for objects in other fields.
Electronic Cigarette: The Influence of Lifestyle, Health Perspective and Product Characteristic to Switching Behaviour in Surabaya, Indonesia Paramitha, Intan Tirzana; Mujanah, Siti; Fianto, Achmad Yanu Alif
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1301

Abstract

The purpose of this research is to understand the electronic cigarette user about their lifestyle profile, health perception, product experience and how this contribute to their switching behaviour from conventional cigarette to be e-cigarette user. This online survey with sample used consisted of 100 respondents in Surabaya. Indonesia - who are currently use electronic cigarette, as dual user or already fully switched from conventional cigarettes. Sampling was conducted randomly through an online questionnaire using a Likert scale. Data analysis was carried out using the Structural Equation Modeling (SEM) approach with the Partial Least Squares (PLS) methodology. The results of this research indicate that product experience use have significant and strong influence to the switching decision. Health perception also have significant and positive influence in switching behaviour, meanwhile the the Lifestyle apparently have weak influence to switching behaviour. The implication of this study can be used by business to tailor marketing communication strategy for middle-upper social segment where to emphasize more to the product experience and health benefit rather than lifestyle to support switching behaviour to electronic cigarettes from conventional cigarettes.
Green HRM Practices to Improve Environmental Performance through Green Culture in Employees PT. Industri Pangan in Mojokerto Handayani, Trisna Duwi; Kusmaningtyas, Amiartuti; Mujanah, Siti
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1306

Abstract

This research aims to analyze Green HRM Practices to improve Environmental Performance through Green Culture among PT Food Industry in Mojokerto. Green HRM integrates traditional HR functions such as recruitment, training, performance management, and employee engagement with environmentally conscious practices to foster cultural sustainability and environmental performance within an organization. The research method used in this research is a quantitative approach. The data collection technique used was a survey using a questionnaire instrument. The population used was 940 employees, the sample used was 90 employees using Slovin calculations, and the sampling technique used was Random Sampling. The data analysis technique uses path analysis with the help of SmartPLS 4 software. The research results show that the Green HRM Practices variable has a significant effect on Green Culture. The Green Culture variable has no significant effect on Environmental Performance. The Green HRM Practices variable has a significant effect on Environmental Performance. The Green HRM Practice variable on Environmental Performance with Green Culture as a mediator has no significant influence on PT Food Industry in Mojokerto. Variables that are proven to have a more dominant influence are at least retained, if possible, they can be improved.

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