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Journal of Business Management and Economic Development
Published by Riset Press International
ISSN : -     EISSN : 29869072     DOI : https://doi.org/10.59653/jbmed
Core Subject : Economy, Science, Education, Social, Engineering,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences Other
Journal of Business Management and Economic Development (JBMED) is an international academic open-access journal that has gained a foothold in Indonesia, Asia and is open to the world. It aims to promote the integration of trade, economics, and finance. The focus is to publish papers on state-of-the-art economics, business and management. Submitted papers will be reviewed by technical committees of the journal and association. The audience includes researchers, managers, and operators for economics, business, and management as well as designers and developers. All submitted articles should report original, previously unpublished research results, experimental or theoretical, and will be peer-reviewed. Articles submitted to the journal should meet these criteria and must not be under consideration for publication elsewhere. Manuscripts should follow the style of the journal and are subject to both review and editing.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 255 Documents
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Differentiation Analysis of Profitability & Efficiency: Case Study at Luhve.id as MSMEs in Fashion Industry Nurdin, Annisa Rizkitya; Akbar, Aldi
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.966

Abstract

This research aims to conduct a comparative analysis of the performance between MSME Luhve.id and the broader fashion industry MSME, focusing on profitability and efficiency aspects. The research method employed is quantitative descriptive analysis, with data collection through observation, interviews, and literature review. The sample utilized comprises profitability and efficiency data from Luhve.id's sales over a 36-month period from 2021 to 2023, as well as the average percentage of profitability and efficiency of the fashion industry MSME from previous studies. Data analysis techniques include normality tests and Mann-Whitney U tests. The findings reveal significant differences between MSME Luhve.id and the fashion industry in terms of profitability and efficiency. MSME Luhve.id demonstrates lower average profitability and efficiency performance compared to the fashion industry MSME. Factors influencing these differences include the relatively new age of MSME Luhve.id and the digital sales strategy that may require further development. Nonetheless, the digital strategy shows potential for long-term growth.
Analysis of Raw Material Inventory Control with Using Economic Order Quantity (EOQ) Method Adzaky, Muhammad Rafi; Erlina, Rr.; Ambarwati, Dwi Asri Siti
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.977

Abstract

The Home Industry Karya Mandiri has struggled with inventory control, often resulting in excess raw materials. To address this issue, this research implements the Economic Order Quantity (EOQ) method as a strategic approach for optimizing raw material inventory, specifically coffee beans. The objective is to efficiently minimize total inventory costs. This descriptive quantitative research employs interviews and documentation for data collection, while the EOQ method is utilized for data analysis. This includes determining economic order quantities, order frequencies, safety stock levels, reorder points, and total inventory costs. Research findings indicate that applying the EOQ method reduced the frequency of raw material orders from 12 to 4 annually for the years 2022 and 2023. Consequently, it is projected that in 2024, Home Industry Karya Mandiri will maintain this order frequency, thereby preventing excess raw materials based on the actual needs data from 2022 and 2023. Additionally, the EOQ method successfully reduced total inventory costs by 48.58% in 2022 and 49.05% in 2023. Therefore, it is recommended that Home Industry Karya Mandiri continue utilizing the EOQ method for effective raw material inventory control.
Influence of Easy, Speed and Security of Transactions on Decision to Use BRI EDC Machine in Indonesia Saputra, Rangga Aldiansyah; Fihartini, Yuniarti; Husna, Nurul
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.978

Abstract

Technological developments that have occurred to date have led to the birth of payment system innovation in economic transactions. The payment system is no longer done in cash but non-cash. Types of non-cash payments in Indonesia such as phone banking, e-wallet and e-money, internet banking, and payment by credit card and debit card or / ATM card. One method of using a debit card is an EDC machine. Many banks have made EDC machine innovations, one of which is a merchant-specific EDC machine by BRI. The purpose of this study is to determine the influence of the variables of ease of use, transaction speed, and transaction security on the decision to use the EDC machine of BRI merchants in Indonesia. The data used in this study are primary data obtained from the results of respondents' answers collected with the help of questionnaires. The number of samples in this study was 140 respondents. The sample collection method uses purposive sampling, which is a technique used to determine samples with criteria determined by the researcher. The analytical methods used in this study are validity test, reliability test, partial test (T-test), simultaneous test (F test), and coefficient of determination (R20. Then the analysis stage uses multiple linear regression analysis with the help of the SPSS 26 application. The results of this study show that ease of use and security have a significant effect on usage decisions but transaction speed does not have a significant effect on usage decisions.
Analysis of BI7DRR’s Relationship to Inflation 2018-2023: Case Study on Granger Causality Sukirman, M. Wesla Dhifayana; Bachtiar, Arief
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.994

Abstract

An assessment of a nation's economic health may be made by examining its rate of inflation. Good economic conditions can be said if the inflation rate is low or at the predetermined inflation target position. A new reference rate called BI7DRR is transactional, meaning it is exchanged on the market, and it promotes the depth of the financial markets. It also has a higher correlation with money market interest rates. The aim of this research is to find a reciprocal relationship (causality) between BI7DRR and inflation and to analyze the characteristics used in determining interest rates. This study employed a quantitative approach using techniques from descriptive analysis. The data used in this research is BI7DRR historical data for 2018-2023 and historical inflation data for 2018-2023. The data was tested using the Granger Causality test with the help of Eviews 12 software. The results of the Granger Causality Test showed an Inflation Probability value of 0.0457 0.05 (5%) and a BI7DRR Probability value of 0.2788 0.05 (5%). So it can be said that the Inflation variable has a relationship with the BI7DRR variable and the BI7DRR variable has no relationship with the Inflation variable. According to the research description given above, the following conclusions can be drawn: there is a one-way relationship between the inflation and BI7DRR variables in 2018–2023, the BI7DRR variable and the inflation variable in 2018–2023, and based on the findings of the Granger causality test and supporting references, it can be claimed that historical inflation data is used to determine the reference interest rate in the form of BI7DRR. This means it is backward-looking
Effect of Sustainability Report Disclosure and Company Size on Company Performance Silvryza, Jihan; Kusumawardani, Niken
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1005

Abstract

The study examines how sustainability report disclosure and company size impact Return on Assets (ROA) among telecommunications, basic chemicals, and other sectors listed on the Indonesia Stock Exchange from 2018 to 2022. Utilizing data from 15 companies over five years, the findings indicate that company size has a significant positive influence on ROA, suggesting that larger firms tend to be more profitable. However, sustainability report disclosure alone does not significantly affect ROA. This lack of impact may be attributed to limited environmental awareness and weak enforcement of waste management regulations in Indonesia. The research employs quantitative analysis, including multiple linear regression, to analyze the data and test hypotheses. The results highlight the need for improved environmental consciousness and stricter regulatory enforcement to enhance the effectiveness of sustainability reporting. Methodologically, the study focuses on descriptive statistical analysis and classical assumption tests, such as normality, heteroscedasticity, multicollinearity, and autocorrelation tests, to ensure the robustness of the regression model. The recommendations emphasize increasing environmental awareness and regulatory enforcement to strengthen the positive impacts of sustainability initiatives. Future research should consider broader sustainability indices and alternative metrics for company size to gain deeper insights into how these factors influence corporate performance, thereby enhancing the understanding of sustainability's role in financial outcomes.
Analysis of the Effect of Foreign Direct Investment, International Tourism Receipts, and Exchange Rate on GDP in ASEAN-4 Choirunnisa, Hanifah; Sishadiyati, Sishadiyati
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1007

Abstract

The dynamically evolving global economy creates great challenges for policy makers. Southeast Asia as a regional economic driver seeks to strengthen strategic measures through ASEAN. However, economic fluctuations become a problem as the economy grows in the region. The purpose of this study is to analyze the effect of Foreign Direct Investment, International Tourism Receipts, and Exchange Rate on Economic Growth in four ASEAN countries (Indonesia, Malaysia, Thailand, and the Philippines). The methodology used is panel data regression with a time span from 2013 to 2022, focusing on four ASEAN countries. The independent variables in this study are foreign direct investment, international tourism revenue, and exchange rate, while the dependent variable is gross domestic product. The results showed that the variables of international tourism receipts and exchange rates had a significant effect on economic growth, while the variable of foreign direct investment had no effect on economic growth.
CPM Analysis on Boarding House Construction Projects in Samarinda City Suramli, Suramli; Fredi, Natalia; Wijaksana, I Made Arya Abdi; Putri, Feby Resti; Rongko, Santa Melisa Sindi
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1021

Abstract

Population growth increases the need for practical and affordable housing, so boarding houses become the main choice. Boarding house construction projects need to be managed through good project management. This research discusses the use of the Critical Path Method (CPM) in the boarding house project on Jl. Mangkupalas Gg. Padai in Samarinda City. The CPM method is used to determine project duration and optimize costs, with information on work, costs and time for each stage. The results show the critical activity path A – B – C – E – F – G – H – I – K, reducing the project duration from 210 days to 173 days, 37 days faster. Using the CPM method saves IDR 19,050,000 from the initial project cost of IDR 298,939,000 to IDR 279,889,000. This research supports the CPM method for cost and time efficiency in development projects and the results of this research are in accordance with previous studies which also discusses the CPM method of project management.
Investigating the impact of tourism on gross regional domestic product growth in Batu City Adiarti, Yuanita Soca; Wijaya, Riko Setya
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1061

Abstract

Batu City is a tourism city that has great potential in East Java Province. However, based on existing data, the Gross Regional Domestic Product of Batu City's tourism sector in 2020 has decreased significantly compared to other cities in East Java. This research aims to examine the influence of the number of tourist attractions, number of tourists, number of hotels, and number of restaurants on Gross Regional Domestic Product in Batu City. This research uses secondary data in the form of a time series covering 12 years, from 2011 to 2022. Data analysis was carried out using the multiple linear regression method using SPSS 27 software. Based on the results of the analysis, overall, the independent variables such as the number of tourist attractions, number of tourists, number of hotels, and number of restaurants have a positive influence on GRDP. However, partially the number of tourist attractions, the number of tourists, and the number of restaurants have an insignificant positive influence on GRDP, while the number of hotels has a positive and significant influence on GRDP in Batu City.
Exploring the relationship between manager profile and management control: Evidence from Moroccan Manufacturing Companies Hammouch, Hind
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1088

Abstract

This study examines the impact of managerial profile on management control in Moroccan manufacturing companies, using a method of analysis based on correlation and multivariate regression. The independent variables include the manager's age, experience and training, while management control is considered the dependent variable. By exploring these relationships, the study aims to identify the specific influences of managers' individual traits on the design and implementation of management control systems in this particular context. The expected results will contribute to enriching strategic management practices by providing valuable insights for practitioners and researchers interested in corporate governance and organizational performance.
The state's role of digital economy and economic innovation in Vietnam Trung, Phan Nhan
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1105

Abstract

This study investigates the role of the Vietnamese government in fostering the digital economy and economic innovation. Utilizing linear regression analysis through SPSS, the research analyzes data from various reliable sources to examine the intricate relationship between digital economy advancements and economic innovation trends, highlighting the mutual reinforcement between these factors. Key findings indicate that the government’s involvement in establishing digital infrastructure, developing human resources, and creating supportive legal frameworks has significantly impacted the development of the digital economy. The integration of new technologies such as AI, IoT, and blockchain is pivotal, not only for generating new products and services but also for enhancing existing business processes, thereby driving digital economic growth. Human resources are crucial, necessitating government policies that facilitate continuous skill updates and support workforce adaptation to technological changes. Furthermore, government policies promoting business innovation through financial support and tax incentives are essential for maintaining competitiveness and economic development. Digital transformation, supported by robust ICT infrastructure and legal frameworks, is becoming an inevitable trend with profound impacts across various sectors. Environmental considerations and social welfare in the context of Industry 4.0 are also critical, requiring policies that balance technological advancements with sustainable practices and labor market adaptations. The study concludes that the Vietnamese government plays a vital role in shaping a conducive environment for the digital economy and economic innovation, emphasizing the importance of collaborative efforts between public and private sectors. These findings underscore the need for continued investment in digital infrastructure, education, and supportive policies to maximize societal and economic benefits.

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