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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
Cashless Policy and The Nigerian Rural Economy (a Case Study Of Akwa Ibom State) Udoinyang, Nathan; Daniel , Reuben; Umoh, Salamat Amos Umoh
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 2 (2024): April 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i2.1772

Abstract

This study examines the impact of cashless policy on the Nigerian rural economy, using Akwa Ibom State as a case study. A survey of 328 people from three senatorial districts was conducted, with a sample size of 400. The study found that cashless policy helps in tracking expenses, preventing cash flow outside the formal banking system, reducing money laundering, and reducing stress during payments. However, challenges such as inadequate payment channels, internet fraud exposure, poor electronic banking networks, and high charges hinder its implementation. The researchers urge the government and policymakers to provide reliable methods to combat internet fraud, reduce charges on electronic banking platforms, and educate the public on the benefits of cashless policies.
Political Stability, Corruption, and Economic Development: Evidence from WAMZ Countries Hayewa, SuleYa’u; O. Olateju, Adijat
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 2 (2024): April 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i2.1773

Abstract

This paper examines the political stability, corruption, and economic progress of the nations that make up the West African Monetary Zone (WAMZ) between 2000 and 2020. To prevent misspecification bias and therefore skewed statistical results, the common features of the panel data were examined first. First of all, the CD test did not find any evidence of cross-sectional dependency across the nations, validating the use of the conventional panel unit root, which does not account for cross-sectional dependence. According to Levin et al. (2002)'s panel unit root test, the variables are integrated of order zero, or I (0).Using the panel VAR framework as a basis, the paper investigates. Emotional intelligence data demonstrated that while corruption impedes regional economic growth, political stability and the rule of law foster it. According to the findings of variance decomposition, the factors under investigation either support or impede the WAMZ countries' economic development. Based on the results the paper recommends that, transparency and accountability at all level of government affairs as well as respecting the constitution in these nations should be preserved in order to overcome all social and political injustice among the countries under study.
Administrators Roles in Enhancing Performance of Facilitators in Open and Distance Learning Study Centers in Rivers State U, Osuji, Catherine; Omenogo, Anyanwu, Dorathy
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 2 (2024): April 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i2.1774

Abstract

The study aimed to understand the role of administrators in enhancing the performance of facilitators in open and distance learning centers in Rivers State. The study involved 73 facilitators, 41 males and 32 females, from study centers in Port Harcourt and Iriebe. A structured questionnaire was used, validated by experts in Measurement and Evaluation and the Department of Educational Management at Rivers State University. Key findings revealed that facilitators lack proficiency in using information and communication tools, irregular allowances undermine motivation, and inadequate facilities do not align with the increasing student population. The study recommends effective collaboration between administrators and facilitators to improve facilitator performance.
Financial Planning: A Key Factor in Successful Family Business Succession in Semarang Regency, Indonesia Elmanto Zebua; Palupiningtyas, Dyah
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.1838

Abstract

This qualitative case study delves into the significance of financial planning in achieving successful family business succession in Semarang Regency, Indonesia. By conducting in-depth interviews, observations, and document analysis of 5-7 family businesses, the study investigates the current financial planning practices, the factors that influence their implementation, and the resulting impact on succession outcomes. The findings highlight that well-structured financial planning leads to a more seamless succession process and minimizes family conflicts. The study identifies several factors, including the owner's education level, available financial resources, family dynamics, and organizational culture, as key influencers in the adoption of effective financial planning strategies. The research emphasizes the crucial role of comprehensive financial planning in ensuring a successful succession and the long-term sustainability of family businesses, taking into account the local cultural context and business scale. The study also offers recommendations for optimizing financial planning strategies to support family businesses in their succession endeavors.
Innovative Marketing Strategies and Entrepreneurial Approaches in Promoting Halal Tourism Destinations: A Systematic Literature Review Setiawan, Harry
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.1843

Abstract

This study aims to conduct a systematic literature review on the role of innovative marketing strategies and entrepreneurial approaches in promoting halal tourism destinations, and their influence on the perceptions, behaviors, and intentions of Muslim and non-Muslim tourists. By reviewing 65 publications obtained from the Scopus database, this study identifies research trends, key focus areas, and gaps in the existing literature. The findings highlight the increasing trend of research on this topic, the most influential journals and researchers, and the geographical distribution of studies. The review also reveals the importance of innovative marketing and entrepreneurial strategies in attracting diverse tourist segments and enhancing the competitiveness of halal tourism destinations. Based on the identified gaps, future research directions are proposed to further advance the understanding of this field.
From Values to Practices: Unveiling the Dynamics of Organizational Culture in the Implementation of Green HRM in Semarang Hotels Utami , Aprilia Prehesti; Palupiningtyas, Dyah
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.1857

Abstract

This study explores the role of organizational culture in supporting the implementation of Green Human Resource Management (GHRM) in the hotel industry in Semarang City, Indonesia. Using an ethnographic approach, this research reveals how cultural factors, such as sustainability values, leadership support, employee involvement, organizational learning, and reward systems, shape and support GHRM practices. The findings indicate that an organizational culture aligned with GHRM objectives facilitates more effective and sustainable implementation. However, this study also uncovers the dynamics and challenges in aligning organizational culture with GHRM, such as resistance to change and the paradox between sustainability goals and business priorities. This research contributes to the literature by providing contextual understanding of the role of organizational culture in GHRM and offers recommendations for hotel managers in creating a culture conducive to sustainability through GHRM.
The Influence of Hedonic Shopping Value, Sales Promotion and Serendipity Information on Impluse Buying Behavior with Urge to Buy Impulsively as a Mediating Variable among Tiktok Shop Users (A Study on the Purchase of "Top Purchase Categories" Products on Pontianak) Octaviani, Dewi Sinthia; Pebrianti , Wenny; Purmono, Bintoro Bagus
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.1875

Abstract

This study intends to investigate the impact of hedonic shopping value, sales promotion, and serendipity information on impulse buying behavior, with the urge to buy impulsively acting as a mediator, among users of TikTok Shop in Pontianak. We employ a quantitative and associative causal approach. Our study aims to include all individuals who use the TikTok Shop platform as our target population. The research was conducted from September 2023 to March 2024, involving 210 participants who were chosen using purposive sampling techniques. Data analysis was performed using SEM with AMOS. The findings suggest that hedonic shopping value, sales promotion, and serendipity information all have a notable impact on urge to buy impulsively. Additionally, hedonic shopping value, serendipity information, and urge to buy impulsively also significantly influence impulse buying behavior, whereas sales promotion does not. Urge to buy impulsively mediates the relationship between hedonic shopping value and serendipity information with impulse buying behavior, but not between promotional offers and impulsive buying behavior.
Market Orientation and Export Performance Study of SMEs in Indonesia with Dynamic Capabilities, Competitive Advantage, and Innovation Capability as Mediating Variables: A conceptual Study Purmono, Bintoro Bagus; Afifah, Nur; Mustaruddin, Mustaruddin
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.2080

Abstract

This conceptual study intends to develop a research framework regarding the impact of market orientation on the export performance of small and medium enterprises (SMEs) in Indonesia, by considering the mediating role of dynamic capabilities, competitive advantage, and innovation capabilities. It is hoped that this conceptual study will contribute to analyzing the complex relationships between existing variables to provide insight into how Indonesian SMEs can increase their competitiveness in international markets. This research can be developed quantitatively, utilizing structural equation modeling to test the proposed conceptual framework. The development results of this research can have valuable implications for SME managers and policymakers who seek to increase the export success of Indonesian companies in an increasingly globalized business environment.
A Decade of Global and Local Brand Research: A Systematic Literature Review by Using SLR PRISMA Fitriana, Ana
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.2081

Abstract

This systematic literature review aims to synthesize the evolving research on global and local brand dynamics over the past decade using the PRISMA methodology. It examines the shift from a simplistic global-local dichotomy to a more nuanced understanding of how these brand types interact with consumer identities, digital platforms, sustainability, and global crises. The study explores the emergence of "glocal" branding strategies and the recognition of simultaneous global and local brand perceptions as significant theoretical advancements. However, it highlights the growing complexity introduced by digital transformation, corporate social responsibility, and the COVID-19 pandemic, necessitating more integrative frameworks. The review identifies persistent gaps and opportunities for future research, including investigating the impact of digital platforms, sustainability initiatives, and post-pandemic consumer behavior shifts on global-local brand dynamics. By consolidating diverse research streams, the study proposes an integrative framework that accounts for the intricate interplay of cultural, digital, and global factors shaping brand perceptions and preferences. Overall, the findings extend existing knowledge and offer valuable insights for academics and practitioners navigating the evolving landscape of global and local branding.
Cultural Promotion Through Digital Media: Showcasing Sasak Women Sumadewa, I Nyoman Yoga; Artayasa, I Nyoman; Remawa, Anak Agung Gede Rai; Swandi, I Wayan
International Journal of Economic, Finance and Business Statistics Vol. 2 No. 3 (2024): Juni 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijefbs.v2i3.2085

Abstract

The role of women in the Sasak Tribe, apart from being a housewife, also has an important role in their social life. The role of Sasak women starts from childhood, becoming a skilled girl. This is a provision, because Sasak women are required to not only be good at taking care of the household and family, but also contribute to the family economy. Packaging Sasak women in the form of digital works so that the values contained are easy to accept among the current generation with an approach to the community or research target is carried out in various ways. The digital character is designed with full of values, in which it also includes forms of local wisdom from the point of view of life and local cultural wisdom in the form of daily habits and behavior in social interactions. The creation of this work uses the design thinking method of empathize, define, ideate, prototype, and test that is a process of realization of the phenomena that occur in society today, especially Sasak women, aesthetic elements that appear in this work such as the use of several accessories that add aesthetics and must be worn by Sasak women when attending events.