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Contact Name
Imam Sujono
Contact Email
imamsujono.shi@gmail.com
Phone
+6281332486201
Journal Mail Official
contact@risetpress.com
Editorial Address
Jl. Raya Pagu, Kecamatan Wates, Kabupaten Kediri, Provinsi Jawa Timur 64174, Indonesia
Location
Kab. kediri,
Jawa timur
INDONESIA
Journal of Business Management and Economic Development
ISSN : -     EISSN : 29869072     DOI : https://doi.org/10.59653/jbmed
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 All submitted articles should report original, previously unpublished research results, experimental or theoretical, and will be peer-reviewed.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.
Articles 255 Documents
Effect of Current Asset Structure on Financial Performance of Non-Financial Firms Listed at Nairobi Securities Exchange Obong’o, Simeon Mochere; Nasieku, Tabitha; Gekara, Mouni
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.v2i03.1132

Abstract

The effect of current asset structure on the financial performance on organizations cannot be underrated. This study focused on non-financial firms listed at the Nairobi Securities Exchange in Kenya. The study used a census survey which involved the consideration of the entire population of the study. The research study was anchored on trade-off theory, agency theory and pecking order theory. The research study generally followed a longitudinal research design. The positivism research philosophy was adopted in the study. The unit of analysis comprised the non-financial firms listed at the Kenyan NSE between years 2011 to 2020 with a focus on 30 non-financial listed companies. The study applied both descriptive statistics and multiple regression methods in analysing the data collected. The study established that current asset structure was significantly influencing the financial performance of listed nonfinancial firms in Kenya.
Influence of Gender Diversity, Age, Education, and Work Experience Top Management Team on Profitability: Empirical Study on Sector Companies Banking in 2021-2023 Andisa, Clara Cintaka; Abidin, Zaenal
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1183

Abstract

This study aims to examine how the performance of national commercial banks listed on the Indonesia Stock Exchange is impacted by the gender diversity, age, education, and work experience of the Top Management Team. The sample used in this study was 47 businesses that were chosen by purposive sampling. Banking companies listed on the Indonesian Stock Exchange for the 2021–2023 period are the subject of this quantitative study. The technique used in this study is the Multiple Linear Regression method using Eview software version 12. The variables in this study are Return on Assets (Y), Gender Diversity of the Top Management Team (X1), Age of the Top Management Team (X2), Education of the Top Management Team (X3) and Work Experience of the Top Management Team (X4). The study results show that gender diversity has a positive but insignificant impact on ROA. The age variable has a positive and significant effect on ROA. The education variable has an insignificant impact on ROA. The work experience variable has a positive but not significant impact on ROA.
Comparative Analysis of Financial Performance between Digital Banks and Conventional Banks Registered with Financial Services Authority Anggraini, Shasa Nur; Abidin, Zaenal
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1184

Abstract

This study aims to analyze the comparison of financial performance between Digital Banks and Conventional Banks for the 2021-2023 period. Financial performance is measured based on the indicators Return On Asset (ROA), Return On Equity (ROE), Net Interest Margin (NIM), Operating Costs to Operating Income (OC/OI), Loan to Deposit Ratio (LDR), Non-Performing Loan (NPL) and Fee-Based Income Ratio (FBI). The type of research used is quantitative research. The data used in this study is secondary data obtained from the company's annual report from 2021 to 2023. The sample used consisted of 7 Digital Banks and 7 Conventional Banks. The hypothesis testing includes using the Independent Samples t-test and the Mann-Whitney U test. There is a significant difference in the financial performance of Digital Banks and Conventional Banks, specifically in the NIM and NPL ratios. Meanwhile, there is no significant difference in the financial performance between Digital Banks and Conventional Banks for 2021-2023, based on the ROA, ROE, OC/OI, LDR, and FBI ratios.
The Influence of Good Corporate Governance on Company Value in Registered State-Owned Companies on the Indonesian Stock Exchange Kurniawan, Rhesi; Abidin, Zaenal
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1185

Abstract

One of the company's goals is to increase the welfare or maximize the wealth of shareholders through increasing company value. Company value can be influenced by several factors, including the number of company assets and how long the company has been established and also through good corporate governance. The internal elements of good corporate governance used in this research include institutional ownership and managerial ownership. Sampling using non-probability sampling obtained a sample of 20 companies so that the research data amounted to 100. The data collection technique used documentation from financial reports published on the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The analysis techniques used are descriptive analysis, classical assumption test, panel data regression model, panel data regression analysis, partial test (t test), simultaneous test (f test), and coefficient of determination test (r2). The results of this research indicate that institutional ownership has a significant influence on company value. Managerial ownership has a significant and influential effect on company value. Then overall institutional ownership and managerial ownership influence company value.
Macroeconomic Determinants of Exchange Rate Dynamics in Nigeria Obuareghe, Goddey; Orubu, Christopher O.; Awogbemi, Titus O.
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1191

Abstract

The study examined Nigeria's macroeconomic determinants of exchange rate dynamics over thirty-seven years, from 1986 to 2022. The major data sources are the Central Bank of Nigeria Statistical Bulletin, the Nigerian Bureau of Statistics, World Bank Development Indicator, the Organization of Petroleum Exporting Countries, the U.S Federal Reserve Bank, and other relevant literature. The study adopted the structural Vector Autoregressive (VAR) estimate to test the responses of exchange rates. Other estimation techniques considered are Impulse Response Function and Variance Decomposition Test. The study reported that past exchange rate (EXCR) values respond positively to an increase in innovation shock, and the response is statistically significant up to the second horizon. More so, past values of broad money supply and changes in crude oil prices positively impact the exchange rate. However, the study affirmed that past government capital expenditure and trade openness values are statistically insignificant but positively impact the exchange rate. Again, exchange rates respond speedily to changes in broad money supply, government expenditure, oil price fluctuation, degree of trade openness, and inflation rate. Hence, the study concludes that past values of broad money supply, government capital expenditure, changes in crude prices, and inflation rates are major macroeconomic determinants of the exchange rate in Nigeria. As such, the study submits that policymakers are to pay close attention to the rising rate at which more money is outside the shores of the Nigerian banking industry. Lastly, more federal government expenditures should be allocated to capital expenditure.
Analysis of the Effect of Population, Open Unemployment Rate, and Economic Growth on Poverty Rates in Lamongan Regency Azmy, Nurul; Setiawati, Ririt Iriani Sri
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1203

Abstract

The poverty rate in Kabupaten Lamongan in 2022 is still high, above the average poverty rate in East Java. Poverty levels can certainly be an obstacle to development, and several factors cause high poverty rates in Lamongan Regency, namely population, open unemployment rates, and economic growth. This study aims to analyze the independent variables, including population, open unemployment rate, and economic growth, that affect the poverty rate in Lamongan Regency. This research uses quantitative methods with time series data over 15 years, from 2008 to 2022. The technique used is multiple linear regression. The results show that the population and open unemployment rate variables affect the poverty rate in Lamongan Regency. In contrast, the economic growth variable has no effect on the poverty rate in Lamongan Regency.
Factors Affecting Green Growth Policy in Vietnam Trung, Phan Nhan
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1209

Abstract

Green growth is becoming a global priority as countries increasingly recognize the importance of combining economic development with environmental protection. Green growth policies and strategies are designed to reduce greenhouse gas emissions, promote the use of renewable energy, and improve resource efficiency, contributing to the goal of sustainable development and combating climate change. Government green growth policies are influenced by many economic, social, environmental, and political factors that determine the effectiveness and sustainability of these measures. Essential factors include public awareness, international pressure, economic and financial policies, technology and innovation, local environmental issues, politics and leadership, and public-private partnerships (PPPs). Vietnam has implemented the "National Strategy on Green Growth" for 2021-2030 with clear goals and has achieved many significant results, such as reducing greenhouse gas emissions and increasing forest coverage. However, there are still many limitations in terms of capital, technology, and supporting policy mechanisms. By proposing a qualitative research model on influencing factors and quantitative methods, specifically multivariate linear regression analysis, the author has shown the model results of these influencing factors on green growth policy, contributing to proposing recommendations to improve green growth policy in Vietnam.
The Influence of Google Ads and Google Maps on Purchase Decisions at Bakso Royal Surabaya Firmansyah, Andrean Putra; Augustinah, Fedianty; Sarwani, Sarwani
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1211

Abstract

The food and beverage industry is one of the most competitive sectors, compelling business players to leverage digital technologies like Google Ads and Google Maps to boost sales. This study aims to analyse the influence of Google Ads and Google Maps on consumer purchase decisions at Bakso Royal Surabaya. A quantitative approach was employed using surveys as the data collection technique, involving 99 respondents selected through purposive sampling. Multiple linear regression analysis results indicate that both Google Ads and Google Maps significantly influence purchase decisions, both partially and simultaneously, with a significance value of 0.000 (p < 0.05) for each. The regression coefficient values reveal that Google Maps has a greater impact than Google Ads in influencing purchase decisions. The coefficient of determination test yielded an R² value of 0.513, meaning 51.3% of the variation in purchase decisions is influenced by these two variables, while the remaining 48.7% is affected by other factors. These findings suggest that integrating digital strategies through Google Ads and Google Maps can effectively enhance business visibility and appeal, thereby positively impacting consumer purchase decisions. This study provides valuable insights for business players to optimise digital technologies to improve their competitive edge.
Relationship between Financial Performance ESG Score: An Empirical Analysis of Listed Companies on Indonesia Stock Exchange Hakim, Lukman; Wahyutomo, Dito; Oktayani, Dewi
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1217

Abstract

This study investigates the relationship between financial performance—capital expenditure (CapEx) and revenue growth—and Environmental, Social, and Governance (ESG) scores in manufacturing companies listed on the Indonesia Stock Exchange (IDX). A panel data regression analysis was conducted using data from 21 firms selected through purposive sampling for 2018–2022. The results show that revenue growth significantly impacts ESG scores, with a coefficient of 1.023 (p = 0.026). This suggests that firms with higher revenue growth are more likely to achieve better ESG performance due to their greater financial flexibility to invest in sustainability initiatives. In contrast, CapEx negatively affects ESG scores, with a coefficient of -0.0014 (p = 0.037). This indicates that higher CapEx does not necessarily align with improved ESG performance, as such expenditures are often directed toward projects that may overlook environmental and social considerations. The findings underscore the importance of aligning financial strategies with sustainability goals. Companies experiencing strong revenue growth demonstrate better capacity to support ESG integration, while high CapEx investments, if not strategically aligned with sustainability, may hinder ESG progress. This study contributes to the literature on financial performance and ESG, offering insights for corporate decision-makers to balance growth and sustainability in their strategies.
Driving Employee Performance in Hybrid Work Environments: The Role of Engagement, Support, Trust, and Respect Wahyutomo, Dito; Hakim, Lukman; Oktayani, Dewi
Journal of Business Management and Economic Development Том 3 № 01 (2025): 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.v3i01.1221

Abstract

The COVID-19 pandemic has prompted many organizations to shift to a hybrid work model, which combines working from home and the office. This model is not just a temporary response but has become integral to long-term strategies. In an organizational context, companies that successfully implement this model show higher levels of employee engagement and better performance. Organizational support, trust, and respect for employees contribute significantly to work engagement and performance. This study used a quantitative approach with 131 respondents to evaluate the relationship between organizational support and work engagement. Results show that strong organizational support increases employee engagement, which in turn has a positive impact on individual performance.