Economy and Finance Enthusiastic
"Economy and Finance Enthusiastic" (EFE) is a peer-reviewed journal dedicated to advancing the understanding and knowledge of various aspects within the fields of economy and finance. EFE provides a platform for researchers, scholars, practitioners, and policymakers to engage in scholarly discourse and contribute to the exploration of key issues, trends, and developments in the realms of economics and finance. Focus of the Journal The primary focus of "Economy and Finance Enthusiastic" encompasses the exploration and analysis of theories, concepts, and practices that shape and influence economic and financial systems. The journal aims to provide insights into how economic and financial phenomena impact individuals, societies, businesses, and governments. By examining these factors, the journal aims to contribute to informed decision-making, policy formulation, and sustainable economic development. Scope of the Journal "Economy and Finance Enthusiastic" invites submissions of original research articles, reviews, case studies, and theoretical papers that address a wide and evolving range of topics within the fields of economy and finance. The scope of the journal includes, but is not limited to, the following areas: Macroeconomics and Microeconomics: Analysis of economic behavior, market dynamics, and policy implications at both macro and micro levels. Financial Markets and Institutions: Exploration of financial instruments, market structures, banking systems, and regulatory frameworks. Corporate Finance and Investments: Studies on financial management, capital allocation, investment strategies, and risk assessment in corporations. International Finance and Trade: Research on global economic integration, cross-border investments, trade policies, and currency dynamics. Public Finance and Fiscal Policies: Examination of government expenditures, taxation, public budgeting, and fiscal strategies. Behavioral Economics and Finance: Investigations into psychological factors influencing economic and financial decision-making. Sustainable and Ethical Finance: Analysis of environmentally and socially responsible financial practices, impact investing, and ethical considerations. Emerging Technologies and Fintech: Study of technological advancements, digital currencies, blockchain, and their implications for finance. Data Analytics and Quantitative Methods: Application of data-driven approaches, modeling, and quantitative techniques in economic and financial research. The scope of "Economy and Finance Enthusiastic" is dynamic and forward-looking, reflecting the evolving nature of economic and financial landscapes. The journal encourages interdisciplinary research that anticipates future challenges and opportunities, providing valuable insights that can inform strategies for sustainable economic growth and financial stability.
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"Vol. 3 No. 2 (2025): July-December"
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Strategic Development of Village-Owned Enterprises for Enhancing Village Revenue
Kipkemboi Kandie;
Bejo Mulyadi;
Iwan Riady;
Sujani Sujani
Economy and Finance Enthusiastic Vol. 3 No. 2 (2025): July-December
Publisher : Tinta Emas Publisher
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DOI: 10.59535/efe.v3i1.474
Village-Owned Enterprises (BUMDes) play a crucial role in driving rural economic development and supporting the financial independence of villages. However, many BUMDes, including in Suntalangu Village, face challenges in optimizing their potential to significantly contribute to Village Original Income (PADes). Addressing these issues is essential to ensure sustainable village-level economic growth and improve community welfare. This study aims to identify and formulate business development strategies for BUMDes Suntalangu to increase PADes. Using the SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis method, the study evaluates internal and external factors influencing BUMDes performance. The analysis results indicate that while BUMDes has growth opportunities, existing weaknesses hinder its development. Proposed strategies to address these challenges include optimizing current assets, diversifying business activities based on untapped local potential, enhancing human resources through entrepreneurship training and education, and improving promotion and marketing through social media. The implementation of these strategies is expected to strengthen BUMDes' contribution to PADes and the economic welfare of the local community.
Analysis of the Growth Rate, Effectiveness, Potential, and Contribution of Advertising Tax to Local Original Income (PAD) in Mataram City 2019-2023
Addini Nurizzati;
Muthmainnah Milliani;
Dwikora Harjo
Economy and Finance Enthusiastic Vol. 3 No. 2 (2025): July-December
Publisher : Tinta Emas Publisher
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DOI: 10.59535/efe.v3i2.562
This study analyzes the performance of Mataram City's advertising tax during 2019–2023 using a quantitative descriptive approach to assess the dynamics of growth rates, collection effectiveness, potential estimates, and its contribution to Regional Original Income (PAD). Secondary data are sourced from official local government documents (PAD and advertising tax target–realization), while measurements use standard measures: annual growth (current year realization compared to the previous year), effectiveness (ratio of realization to target), potential, and contribution (ratio of advertising tax realization to PAD realization). The results show an average growth rate of 56.28% (categorized as quite successful) with high volatility: a contraction in 2020 due to the pandemic shock and a sharp decline in 2023 related to the regulation of bando, changes in the stock of high-value objects, and compliance friction. The average collection effectiveness is 93.39% (effective), but is sensitive to target setting, especially during policy revisions or changes. The estimated average annual revenue of Rp468,394,100.00 is relatively small compared to the object-based revenue and historical realizations, indicating the need to standardize time units and the tax base for each media type to ensure more representative rental values. The average contribution of advertising tax to local revenue (PAD) is 1.08%, which is relatively low. Therefore, this channel is more appropriately positioned as a stable source of additional revenue if inventory management, licensing, electronic billing, and compliance enforcement are strengthened.
Payment Digitalization And Its Impact On The Economy: An Inter-Regional Study In Indonesia
Dian Putri Maharani;
Naziha Romiza;
Nopiah, Ririn
Economy and Finance Enthusiastic Vol. 3 No. 2 (2025): July-December
Publisher : Tinta Emas Publisher
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DOI: 10.59535/efe.v3i2.561
In recent years, economic transactions have been carried out digitally or cashless worldwide, including in Indonesia. This study aims to determine the impact of digital payments on economic growth through regional analysis in Indonesia during the COVID-19 pandemic. The data used is panel data from 34 provinces in Indonesia from 2019 to 2021. This study uses the multiple regression analysis method using the Eviews 12 program. The results show that digital payments have the greatest influence on the island of Sumatra, and have a significant positive effect on growth. economy. On the islands of Java-Bali, digital payments have no significant positive impact on economic growth. Meanwhile, on the eastern Indonesian island, digital payments do not affect economic growth. These findings suggest that government and policymakers should encourage the development of digital payment infrastructure and literacy, especially in regions where its impact on economic growth is still limited, so that the benefits of digitalization can be distributed more evenly across Indonesia.
Effects of Overconfidence Bias, Loss Aversion, and Herding on University Students’ Investment Decisions in Surabaya
Maria Yovita R. Pandin;
Feriona Ayurizta Iliyas;
Amalia Tizka Zhahrina;
Aim Matus Noer Solehah
Economy and Finance Enthusiastic Vol. 3 No. 2 (2025): July-December
Publisher : Tinta Emas Publisher
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DOI: 10.59535/efe.v3i2.599
This study investigates the effects of overconfidence bias, loss aversion, and herding behavior on university students’ investment decisions in Surabaya. Using a quantitative approach, data were collected via an online questionnaire (Google Form) distributed to students from state and private universities, yielding 102 valid responses. The population frame referred to the 34,464 students in Surabaya, and the minimum sample size was determined using the Isaac and Michael formula. Each construct was measured with 10 indicators, all of which passed validity (r count > r table, Sig. < 0.05) and reliability tests (Cronbach’s Alpha > 0.60). Data were analyzed using multiple linear regression with SPSS, preceded by classical assumption tests (normality and multicollinearity), which indicated that the model was appropriate. The results show that overconfidence bias, loss aversion, and herding behavior each have a significant partial effect on investment decisions, as evidenced by t-count values of 8.176, 65.159, and 8.822 respectively, all greater than t-table (1.984) with significance levels of 0.000. Simultaneously, the three psychological factors also have a significant joint influence on investment decisions (Sig. 0.012 < 0.05). These findings confirm that behavioral biases play a crucial role in shaping students’ investment behavior, implying the need to strengthen financial education and awareness of psychological biases among young investors.