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International Journal of Economic, Finance and Business Statistics (IJEFBS)
Published by MULTITECH PUBLISHER
ISSN : -     EISSN : 30259959     DOI : https://doi.org/10.59890/ijefbs.v1i2
Core Subject : Economy, Science,
International Journal of Economic, Finance and Business Statistics (IJEFBS) is an academic and professional peer-reviewed international journal covering the broad area of economics, finance and business issues & operations, as well as, trade policies, rules, trade-related agencies & organizations. The objective of the International Journal of Economic, Finance, and Business Statistics (IJEFBS) is to bring together and share the application of statistics knowledge in economics, finance, and business from different perspectives around the world. The Journal aims to establish and promote effective communication channels between business managers, academic, practitioners and research institutions with trade scholars, government institutions, and domestic/international trade agencies & organizations.
Articles 41 Documents
Meta Analysis: Impact of Just in Time Implementation on Cost Efficiency and Profit Urohman, Taufiq; Suryana, Alvian Jihad; Pandin, Maria Yovita R.
International Journal of Economic, Finance and Business Statistics Vol. 1 No. 2 (2023): Desember 2023
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v1i2.1107

Abstract

Excessive inventory results in losses for the industry due to capital being held back, increased storage costs, incurring tax and inventory insurance costs, the risk of falling prices and quality, and giving rise to the potential for damage and theft. Inventory shortages can also cause losses because they can disrupt the production process. This research identified and analyzed 20 journals related to the implementation and impact of just in time implementation. Implementing just in time can reduce inventory costs, increase time efficiency and production costs so that producers can focus more on quality and increase company profits. The implementation of just in time is accompanied by an increase in other higher costs, this can be caused by constraints in the supply chain and the risk of uncertain demand.
Asymmetric Effect of External Debt on Foreign Direct Investment (FDI): Empirical Study from Nigeria Shuaibu, Mukhtar; Abdulhamid, Jabiru
International Journal of Economic, Finance and Business Statistics Vol. 1 No. 2 (2023): Desember 2023
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v1i2.1134

Abstract

The paper examines the effect of external debt on FDI inflow in Nigeria between 1983 and 2021. Stationarity tests such Augmented Dickey Fuller (ADF), Phillips Perron (PP) as well as Guris (GUR) non-linearity unit root tests were employed to check the properties of the series. Non-linear Autoregressive Distributed Lag (NARDL) model was adapted to explore the relationship between the variables after confirming the mixed order of integration across the three testes. The Bound Test reveals the existence of a long-run relationship between the variables. According to the NARDL results; in the short-run a unit positive change in external debt would lead to decrease in FDI inflow by (1.165) while a unit negative change in external would lead to increase in FDI inflow by (1.360) and both are significance at 5% level of significance  in short-run. The long-run results indicates that, the positive and negative change in external debt exhibit positive effect on net FDI inflow but only negative change is statistically significance at 5% level of significance. It is recommended that government should take steps in redemption of existing external debt and refrain from taking on any unnecessary new debt as these actions will not help the country's short run net FDI inflow and consequently, its overall economic growth.
The Impact of Corporate Governance on Market Capitalization: Evidence from Listed Firms of DSE Uddin, MD. Hasan
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 1 (2024): February 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i1.1152

Abstract

This study examines the relationship between the corporate governance (CG) mechanisms related to board size (BS), board independence (BI), board committees (BC), ownership structure (OS), and the market capitalization of companies listed in the Dhaka stock exchange (DSE). Secondary data from 41 listed firms in Dhaka Stock Exchange during the period of 2015 to 2022 is utilized in this study. The ordinary least square, regression techniques were applied on the panel data collated to estimate the model. The findings reveal a significant positive impact of board committees and board independence on the market capitalization of the companies, while ownership structure shows a significant negative effect on the market capitalization of the companies. This finding supports the hypothesis that corporate governance adds value to companies and that investments in effective governance systems have a net positive benefit and should be pursued.
Unveiling the Value Proposition: Real Estate Appraisers as Strategic Partners in Business Decision-Making Al- Zaidan, Ziyad Ibraheem
International Journal of Economic, Finance and Business Statistics Vol. 1 No. 2 (2023): Desember 2023
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v1i2.1369

Abstract

This study explores the role of real estate appraisers in strategic decision-making and value enhancement, focusing on planning aspects often overlooked in existing literature. With Saudi Arabia's rapid real estate market growth and increased competition among valuation companies, there is a need for a deeper understanding of the appraisal process and its strategic implications. The study uses a descriptive approach to examine literature reviews, focusing on the establishment of the Saudi Authority for Accredited Valuers (TAQEEM) in 2017. It highlights the strategic significance of real estate appraisers in navigating the complexities of the valuation process and driving value creation for businesses. The study also highlights the multifaceted roles of appraisers in risk management, financial reporting, investment analysis, portfolio management, and market intelligence. It also explores the implications of technological integration in appraisal practices and offers actionable recommendations for maximizing appraiser contributions to business strategy.
The Risk Management and Value Engineering: Mitigating Challenges in Construction Waheed, Muhammad
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 1 (2024): February 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i1.1379

Abstract

Value Engineering is a management technique crucial in construction for enhancing value and reducing costs. Unlike mere cost cutting, Value Engineering aims to improve functionality by minimizing energy consumption in terms of manpower, materials, and machines. Multidisciplinary teams of engineers, influencing the design process, enhance Value Engineering benefits. It's highly effective in identifying and eliminating unnecessary costs across building design, construction, operations, and maintenance. Value Engineering involves three main stages: Pre-Study, Job Plan, and Post-Study. This literature review delves into how Value Engineering principles are applied in building projects to achieve superior quality at lower costs.
Total Quality Management in Media Outfits and Organizational Performance Nwokeocha, Ifeanyi
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 1 (2024): February 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i1.1383

Abstract

Total Quality Management (TQM) is a comprehensive management philosophy adopted by organizations to continuously enhance the quality of processes, products, and services. Its core objective is to meet or exceed customer expectations, thereby improving customer satisfaction and overall organizational performance. TQM has emerged as an essential practice in modern business environments due to its proven effectiveness in enhancing performance metrics. This study investigates the implementation of TQM in media organizations and its impact on organizational performance. Findings suggest that TQM underscores the significance of human resources in achieving quality excellence. Effective human resources management aligned with quality management principles is crucial for achieving total quality. Failures and costs often stem from communication gaps and lack of awareness. When quality becomes a shared priority across the organization, it becomes feasible to deliver products that meet customer requirements and preferences while minimizing defects in products and services.
Optimization of Strategy with SWOT Analysis to Increase Revenue of Imported Exterior Clothing Sales at Vn-Nee Collection Stores in Jayapura City Girik Allo, Fenny
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 1 (2024): February 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i1.1434

Abstract

The sustainability of small and medium-sized enterprises is critical in the face of the increasingly competitive challenges in this industry. The study aims to formulate a strategy for increasing the sales of imported used clothes in Vn-Nee Collection stores using the SWOT analysis approach. SWOT analytics is used to identify strengths, weaknesses, opportunities, and threats that affect VN-nee collection. The results of SWOT analyses indicate that Vn-nee Collection has significant internal strengths and is able to anticipate threats in the same business sector. Through a four-quadrant cartesius diagram approach. The implications of this finding are that the Vn-Nee Collection can leverage its internal strengths to design effective strategies for increasing competitive advantage, exploiting market opportunities, and managing risks emerging in this growing industry.
Testing the Asymmetric Relationship between Interest Rate and Inflation in Nigeria: An Empirical Analysis (NARDL) Approach Shuaibu, Mukhtar; Ibrahim Musa; Abdulhamid, Jabir; Rabi’u, Sanusi
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 1 (2024): February 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i1.1462

Abstract

The asymmetric relationship between interest rates and inflation in Nigeria is a complex issue that requires further investigation. The Nonlinear Auto Regressive Distributed Lag Model (NARDL) was used to examine this relationship using annual time series data The asymmetric relationship between interest rates and inflation in Nigeria is a complex issue that requires further investigation. The Nonlinear Auto Regressive Distributed Lag Model (NARDL) was used to examine this relationship using annual time series data from 1986 to 2023. The NARDL Bound test revealed cointegration among variables, with long-run coefficients indicating that a 1% increase in inflation leads to a -0.568 decrease in interest rates and a -0.483 increase in interest rates. The study also found that the short-run asymmetric effect of inflation to inflation decreases by (-.898) percent in the current period, while maintaining a decrease rate in subsequent periods. The ECM(-1) term satisfies the condition of its negative and statistical property of convergence from a long-run disequibrium. The study recommends tight monetary measures to avert inflationary tendencies during monetary crises and expansionary measures during recessions to curtail uncertainties. Governments should use inflation rates to service outstanding debts and address idle cash balances, fostering efficiency in the financial system through key indicators of interest rate and inflation. from 1986 to 2023. The NARDL Bound test revealed cointegration among variables, with long-run coefficients indicating that a 1% increase in inflation leads to a -0.568 decrease in interest rates and a -0.483 increase in interest rates. The study also found that the short-run asymmetric effect of inflation to inflation decreases by (-.898) percent in the current period, while maintaining a decrease rate in subsequent periods. The ECM(-1) term satisfies the condition of its negative and statistical property of convergence from a long-run disequibrium. The study recommends tight monetary measures to avert inflationary tendencies during monetary crises and expansionary measures during recessions to curtail uncertainties. Governments should use inflation rates to service outstanding debts and address idle cash balances, fostering efficiency in the financial system through key indicators of interest rate and inflation.
Determinants of Loan Repayment Among Microfinance Beneficiaries in Lagos State, Nigeria O. Olateju, Adijat
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 2 (2024): April 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i2.1726

Abstract

This study examines the determinants of loan repayment among microfinance institutions (MFIs) among their 384 microenterprises. The research found that age, gender, marital status, educational level, business experience, family size, type of business, interest rate, profit level, lending method, training/business enhancement program, and loan repayment time are not significant determinants of loan repayment among MEs in the study area. Prompt loan repayment can encourage cordial relationships between MFIs and their customers, and thus, MFIs and stakeholders should consider these significant variables when extending loans to their clients. This highlights the importance of timely loan repayment for MFIs' survival and growth.
Corruption in Formal Adult Education in Nigeria: Implications for Sustainable National Development Kevin Chinweikpe, WAMI,
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 2 (2024): April 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i2.1735

Abstract

This position paper took a cursory view of corruption, examined adult education, assessed corruption in formal adult education and highlighted the implications for sustainable national development in Nigeria. The paper concluded that concerted efforts must be put in place in order to curb the menace of corruption in adult education. Adult education is the poorest sector in education in terms of allocation of financial resources. Government allocates meagre financial resources annually to adult education organizations, yet corrupt financial practices are perpetrated by the operators of adult education institutions in Nigeria. There is equally the challenge of cheating in examination and examination malpractice. These have stifled the developmental needs of the country to be provided by adult education. It was suggested that the EFCC and ICPC should beam their searchlight on adult education sector of education with a view to recovering stolen funds arresting and prosecuting offenders of embezzlement and misappropriation of education funds; adult learners found guilty of corrupt practices should have their admission revoked; adult educators found guilty of the monetary extortion should be relieved of their jobs; and government should make it as a point of duty to allocate 3% of her education budget to adult education annually.