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INDONESIA
International Journal of Application on Economics and Business
Published by Universitas Tarumanagara
ISSN : -     EISSN : 29871972     DOI : https://doi.org/10.24912/ijaeb
Core Subject : Economy, Science, Social,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences
International Journal of Application on Economics and Business (IJAEB) contains articles on the following topics: Entrepreneurship studies, Business studies, Management studies, Accounting studies, Economics studies
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 774 Documents
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PRIVATE HOSPITAL DEVELOPMENT STRATEGY: EXPLORING THE INFLUENCE TO ENHANCE PATIENT LOYALTY Belda, Madeline; Irawan, Agustinus Purna
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.3279-3288

Abstract

With a population exceeding 270 million, Indonesia faces significant healthcare challenges, particularly infectious diseases. Private hospitals play a crucial role, and patient loyalty is essential for their success. This study aims to contribute to hospital strategy development by understanding factors influencing patient loyalty to private hospitals in Indonesia. Specifically, it explores the relationships between hospital image, Word of Mouth (WoM), patient satisfaction, and loyalty. A quantitative, cross-sectional study was conducted in Jakarta from September to October 2023. Data was collected from 131 out of 156 respondents at a private hospital in Jakarta using a validated questionnaire. SmartPLS 4 was employed for analysis. Hospital image significantly influences patient loyalty directly and indirectly through patient satisfaction. Positive WoM has a significant impact on both patient satisfaction and loyalty. The study confirms the positive correlation between hospital image, patient satisfaction and loyalty. The study emphasizes the importance of building and maintaining a positive hospital image through effective marketing, active WoM management, and service quality improvement. Strategies focusing on these aspects are recommended to strengthen patient relationships, enhance reputation, and remain competitive in the challenging healthcare industry. Future research should delve into factors reinforcing patient loyalty, explore the impact of digital marketing strategies on hospital image, investigate variables moderating the relationship between positive WoM and patient satisfaction, and explore effective patient feedback management strategies focusing on information technology.
THE INFLUENCE OF PERSONALITY TRAITS TO INVESTOR OVERCONFIDENCE BIAS Irena, Florencia; Arifin, Agus Zainul
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.3289-3298

Abstract

A stock investor tends to be a risk taker because stock investment has quite high risks with the possibility of producing high returns as well. Investors who are risk takers have quite high overconfidence behavior. They tend to be overconfident when predicting investment results. Factors that have an important role in investor overconfidence bias are personality traits. This research aims to verify the influence of personality traits on investor overconfidence bias. The personality traits in this research consist of neuroticism, extraversion, openness, and conscientiousness. This research is based on the Bounded Rationality Theory. The sample used was 497 data. Data is distributed using an online questionnaire. The analysis was tested with Partial Least Squares - Structural Equation Modeling (PLS-SEM). The research results show that neuroticism and conscientiousness have a positive effect on investor overconfidence bias, extraversion has no effect on investor overconfidence bias, and openness has a negative effect on investor overconfidence bias.
ANALYSIS OF FACTORS AFFECTING THE INTENTION TO TRANSACT OF XYZ E-COMMERCE USERS IN JAKARTA: A STUDY OF PERCEIVED EASE OF USE, PERCEIVED USEFULNESS AND PERCEIVED RISK Fernando, Luis; Lina, Lina
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.3299-3307

Abstract

This Research aims to investigate how perceived ease of use, perceived usefulness, and perceived risk affect the intention to transact on XYZ e-commerce users in Jakarta. The research population involves XYZ e-commerce users who are in Jakarta during the period of this study, which is for 3 months from June to August 2023. The sampling technique used a non-probability sampling method with a purposive approach, involving 147 respondents. Data collection was carried out through distributing questionnaires offline and online. Data analysis was carried out using the Structural Equation Modeling (SEM) method with the Smart PLS 3.0 application. The results showed that 39.8% of the variation in the intention to transact variable could be explained by perceived ease of use, perceived usefulness, and perceived risk. The remaining 60.2% may be influenced by other factors outside the scope of this studyThe research findings also show that both perceived ease of use and perceived usefulness have a positive and significant influence, both individually and jointly on intention to transact at XYZ e-commerce in Jakarta. Meanwhile, perceived risk shows a negative and significant influence on the intention to transact on XYZ e-commerce in Jakarta.
GLOBAL GOVERNANCE AND SUSTAINABLE DEVELOPMENT: THE CASE OF UN’S SUSTAINABLE DEVELOPMENT GOALS Le, Kieu Phuong
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3857-3865

Abstract

The achievement of sustainable development, which is essential for preserving a healthy world for future generations, depends on the implementation of efficient global governance. Traditional, nation-state-focused approaches struggle to address difficulties that cross borders. In contrast, global governance structures facilitate collaboration by establishing frameworks—such as the Sustainable Development Goals established by the United Nations—and unite a wide range of actors—including businesses, governments, and nations—to exchange resources, expertise, and optimal methodologies. This collaborative effort is essential to tackle complex issues like climate change and poverty, ultimately paving the way for a more sustainable future. This paper will discuss the roles and responsibilities of significant actors contribute largely on sustainable development, focusing on the emerging trend of global governance in the international order. By taking the case of UN’s 17 Sustainable Development Goals, key problems for the public sector and private one will be identified and also provide some further suggestions in improving the implementation of sustainable development.
EXAMINING THE DETERMINANTS OF RENEWABLE ENERGY PRODUCTION IN ASEAN COUNTRIES Huy, Khanh Nguyen
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3845-3856

Abstract

This study investigates the determinants of renewable energy production in ASEAN countries, focusing on the factors influencing the transition to sustainable energy sources in the region. By utilizing the panel data from 2000 to 2020 with Pooled OLS, Random Effect model and Fixed Effect model, the research explores the explainatories of renewable energy production in ASEAN. The findings reveal that renewable energy consumption, economic growth and FDI have a positive and significant relationship with renewable energy production, while trade openness and urbanization have significant association with REP. It suggests the importance of suitable policy design to support renewable energy production in ASEAN, emphasizing the role of government-backed energy policies. Overall, this research contributes valuable insights for policymakers and stakeholders in the renewable energy sector, offering guidance for promoting sustainable energy practices and addressing climate change challenges in ASEAN countries.
CENTRAL BANK DIGITAL CURRENCY: LESSONS LEARNT FROM THE SAND DOLLAR Nguyen, Thuy Minh *
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3833-3844

Abstract

This research examines the implemention of the Sand Dollar in the Bahamas and draws several suggestions for policy makers when considering this new type of money in order to achieve the objectives. Besides, this study also provides basic insight into the background of development and motivations for this currency around the world. The study points out that the authorities need to promote more educational programs to introduce and bring more knowledge of the benefits of this currency and re-consider the non-interest bearing feature as it might be less appealing for holders.
THE FACTORS INFLUENCING STUDENTS' SATISFACTION WITH BLENDED TEACHING METHODS IN THE CONTEXT OF INTERNATIONALIZATION OF EDUCATION AT FOREIGN TRADE UNIVERSITY Thanh, Trịnh Ngọc
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3825-3832

Abstract

This study is to determine the factors affecting the students' satisfaction with the blended teaching method, especially in the current international context, making some recommendations to increase the students' satisfaction with the combined teaching method. The research sample is 200 students of Foreign Trade University, using EFA factor analysis to create 4 factors affecting the level of student satisfaction with the teaching method in teaching methods, content of instruction, characteristics of blended learning systems, infrastructure and technology. The research results contribute to help university leaders to consider improving teaching quality and applying information technology to innovate teaching methods in general and English teaching method in particular.
LEVERAGING IDIOSYNCRATIC RISK TO SUPPORT SUSTAINABLE DEVELOPMENT GOALS (SDGS) AND ITS IMPACT ON ECONOMIC GROWTH AT ASEAN COUNTRIES Asri, Marselinus; Tunjungsari, Hetty Karunia; Tongli, Bernadeth
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3810-3824

Abstract

This study investigates the dynamics between economic growth and key determinants, Sustainable Development Goals (SDGs) related to poverty reduction (SDG 1) and affordable clean energy (SDG 7), as well as Idiosyncratic Risk, in ASEAN countries. Utilizing regression analysis, the research uncovers intriguing insights into these relationships. The findings reveal a significant positive association between Idiosyncratic Risk and economic growth, indicating that higher levels of idiosyncratic risk are linked with greater economic activity and innovation. However, the analysis suggests that SDG 1 (No Poverty) initiatives do not directly impact economic growth within the model's framework, highlighting the need for further exploration of indirect effects. Additionally, the promotion of SDG 7 (Affordable Clean Energy) exhibits a statistically significant but negative relationship with economic growth, possibly due to initial investments in clean energy infrastructure. These findings underscore the complex interplay between sustainable development goals, idiosyncratic risk, and economic growth in the ASEAN region, offering valuable insights for policymakers and stakeholders aiming to foster inclusive and sustainable economic development.
BUILDING BRIDGES THROUGH PLAY: AN INVESTIGATION INTO MONOPOLY GO! AS CATALYST FOR YOUTH SOCIAL INTERACTION Jaya , Joana; Low, A. N.; Vasudevan, Asokan; Hashim , Haryati
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3801-3809

Abstract

This study investigates how young people's social life are impacted by Monopoly Go! in the context of digital gaming. With the goal of analysing the game's communication elements, engagement reasons, and social repercussions, it fills knowledge gaps about the societal ramifications of digital games on social interaction. The literature study examines the evolution of Monopoly Go! from a classic board game to a mobile app, emphasising the game's ability to foster social connections even when players are separated by great distances. Through qualitative techniques including content analysis and in-depth interviews, the study looks into how the game affects young people's social connections. The game's ability to start talks, bring friends back together after the pandemic, and encourage peer influence and teamwork motivations is demonstrated by the findings. On the other hand, disputes that occur during in-game exchanges and the impact of in-game item commercialization on fair play are causes for concern. Future study should diversify its participant pool, ethical norms for community behaviour should be put in place, and the effects of commercialization on social dynamics inside gaming communities should be investigated. These revelations provide light on the intricate social dynamics, interpersonal relationships, and moral dilemmas present in online gaming environments.
COLLABORATIVE EFFORTS IN SCIENCE AND TECHNOLOGY WITHIN HIGHER EDUCATION INSTITUTIONS INSIGHTS AND REFLECTIONS Hoang, Quyen Minh
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3793-3800

Abstract

In today's era of extensive international integration, collaboration in the realm of education and science and technology is undeniably essential within higher education establishments. Specifically, both bilateral and multilateral cooperative efforts in science and technology are being increasingly highlighted and encouraged in various forms. This article delves into the landscape of scientific and technological collaboration within higher education institutions, exploring the frameworks, experiences, and lessons learned from various perspectives. The development of science and technology stands as a cornerstone in the global integration agenda, with nations around the world emphasizing the importance of diversified and multilateral cooperation. Vietnam, in its pursuit of scientific excellence and technological prowess, has embraced international integration schemes and policies aimed at enhancing cooperation and investment in the realm of science and technology. This commitment is reflected in governmental decisions, policies, and strategic plans that underscore the significance of collaboration in research, development, and knowledge dissemination. Furthermore, international experiences, particularly from countries like Germany, the Czech Republic, Sweden, and China, offer valuable insights into different models of collaboration between higher education institutions, businesses, and research entities. These models encompass a spectrum of activities ranging from institutional exchanges, student programs, and scientific workshops to in-depth research partnerships and technology transfer initiatives. The article also delves into regional collaboration experiences, highlighting exemplary institutions such as Hanoi National University and the University of Labor and Social Affairs, showcasing their achievements, policies, and strategic initiatives in fostering collaborative endeavors in science and technology. Through case studies and analysis, we aim to extract lessons, best practices, and recommendations that can further enhance collaborative frameworks, communication channels, and resource utilization in the pursuit of scientific advancements and technological innovations. By examining the intersection of academia, industry, and international partnerships, this article aims to contribute to the ongoing discourse on effective strategies for promoting collaboration, knowledge exchange, and technology transfer within higher education ecosystems.

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