cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Amin Harahap
Contact Email
aminharahap19@gmail.com
Phone
+6285257133690
Journal Mail Official
aminharahap19@gmail.com
Editorial Address
Jl. Sempurna Perum. AA Residence Blok B. No. 8 Aek Tapa. Sumatera Utara 21421, Indonesia
Location
Unknown,
Unknown
INDONESIA
International Journal of Economic Research and Financial Accounting
Published by CV. AFDIFAL MAJU BERKAH
ISSN : -     EISSN : 29641977     DOI : https://doi.org/10.55227/ijerfa.v2i1
Core Subject : Economy,
Economics, Econometrics & Finance
The International Journal of Economic Research and Financial Accounting (IJERFA) International Journal of Economic Research and financial Accounting (IJERFA) is to contributes to improving the theory and practice by promoting high-quality applied and theoretical research. It publishes original works in various areas of business including economics, accounting, business, finance, and management. The Journal welcomes original research papers using archival, case, experimental, field, survey or any other relevant empirical method, the journal publishes articles four times a year in October, January, April, July. Economics Monetary Economics, Finance, and Banking International Economics Public Economics Economic development Regional Economy Financial management Marketing Entrepreneurship Human Resource Management International Business Accounting Financial Accounting and Stock Market Management accounting and Behavioural Accounting Auditing Accounting information system Taxation and Public Sector Accounting Shariah Accounting
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 315 Documents
 27   28   29   30   31 
Financial Technology’s Impact on Financial Management in Startup Companies Eka Sulfiana A; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.359

Abstract

This study aims to examine the influence of financial technology (fintech) on financial management in startup companies. Startups face various challenges such as limited financial resources, unstable cash flows, and difficulties in accessing capital. Fintech offers innovative solutions that automate financial processes, enhance transparency, and provide alternative financing options such as peer-to-peer lending and crowdfunding. This research employs a literature review method by analyzing various academic and industry publications from 2018 to 2023, as well as case studies of startups that have successfully implemented fintech. The findings indicate that fintech significantly improves efficiency, accuracy, and accessibility in startup financial management. However, challenges such as data security, regulatory uncertainty, and internal adaptation remain critical concerns. It is recommended that startups select fintech solutions tailored to their needs and enhance human resource competencies through training. Collaboration among regulators, fintech providers, and startups is also essential to create a supportive ecosystem. Overall, fintech acts as a key driver of digital transformation in startup financial management, supporting sustainable business growth and competitiveness.
Retail Investor Surge in Response to Interest Rate Stability: A Case Study of the Indonesian Capital Market in 2025 Reski Dwi Damayanti; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.360

Abstract

In 2025, the Indonesian capital market recorded a significant surge in retail investor participation, particularly following Bank Indonesia’s decision to maintain its benchmark interest rate at 5.75% for four consecutive quarters. This study aims to examine the shifting investment behavior of the public resulting from the stability of monetary policy. Using a quantitative-descriptive approach through secondary data analysis from the Indonesia Stock Exchange, online trading platforms, and surveys of retail investors, the findings indicate that interest rate stability encouraged investors to shift their funds from fixed-income instruments to riskier assets such as stocks. The technology, renewable energy, and domestic consumption sectors became the main investment targets, driven by economic optimism and the influence of social media. This phenomenon demonstrates that macroeconomic policy has a substantial impact on the dynamics of the retail capital market. However, the high reliance of investors on non-formal sources of information also introduces the risk of herd behavior and speculation, which should be addressed by regulators. This article recommends enhancing financial literacy and implementing technology-based supervision to ensure that the growth in retail participation remains healthy and sustainable.
Integrating Sustainability, Digital Transformation and State Policy Post 2024 Nurmi Nurmi; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.361

Abstract

This study examines the latest phenomena in capital budgeting in Indonesia, characterized by the integration of sustainability principles (Environmental, Social, and Governance/ESG) and the utilization of digital technology in investment decision-making processes. This transformation marks a paradigm shift from the traditional approach focused solely on financial efficiency to a more holistic strategic approach that incorporates social, environmental, and corporate governance aspects. The study also explores the role of government policies and technological advancements in supporting the implementation of adaptive and transparent capital budgeting. The findings reveal that although challenges in adopting technology and ESG remain significant, especially among small and medium enterprises, companies that successfully integrate these aspects demonstrate greater resilience and competitive advantage. The research emphasizes the importance of collaboration among the private sector, government, and academia to accelerate the transformation of capital budgeting towards a more inclusive and sustainable economic development in Indonesia.
Challenges and Opportunities for Non-Cash Payments in the Era Annysha Basir; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.362

Abstract

This research aims to find out more deeply about the challenges and opportunities of non- cash transactions. The research method used is library research, namely research activities carried out using library data collection methods, reading and taking notes and processing research materials. Literary study also means data collection techniques by reviewing books, literature, notes, and various things related to the problem you want to solve. Data collection techniques include reviewing research journals or scientific articles, books, documents and information related to research. Technological developments have encouraged businesses to carry out financial businesses using digital technology or in other words financial technology and the importance of understanding the complexity of non-cash payments in the context of the modern economy because digital transformation is not only a transition from traditional banking to the digital world, but also a major shift in the way banks operate. and other financial institutions learn, interact and satisfy customers. The challenges faced during non-cash transactions are the nature of community dependency, data security, inadequate community infrastructure and so on. Meanwhile, the opportunity to use non-cash transactions is that it makes office work easier, accountable, structured and supports financial inclusion.
Theoretical Review of Financial Management, Capital Markets, and Financial Institutions in the Digital Economy Era Uswatun Khasanah; Muchriana Muchran; Nurul Khotimah
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.363

Abstract

The development of digital technology has brought significant changes in the field of finance, including financial management, capital markets, and financial institutions. This study aims to conduct a theoretical review of how basic financial concepts adapt and evolve in the era of the digital economy. The method used is a qualitative literature study with content analysis of various academic sources and relevant official reports. The results of the study indicate that digitalization affects financial management through automation and data-based decision making, changes the structure of the capital market with the emergence of digital assets and new trading platforms, and demands the transformation of financial institutions in dealing with digital risks and competition. This study concludes that classical financial theory needs to be expanded and adjusted to be able to explain the dynamics of modern finance influenced by digital technology. The main contribution of this study is to build an integrative theoretical framework that connects traditional financial theory with digital innovation as a foundation for contemporary financial research and practice.
The Integration Of Artificial Intelligence In Modern Financial Management Strategies: A Review Of Profit Planning, Capital Structure, And Corporate Governance Ani Selviyanti; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.364

Abstract

The advancement of Artificial Intelligence (AI) technology has significantly transformed the landscape of modern financial management. This article aims to examine the integration of AI across various dimensions of financial management, including fundamental concepts, profit planning, asset management, capital budgeting, capital structure, dividend policy, working capital management, debt financing, mergers, corporate governance, bankruptcy, reorganization, and liquidation. The research method employed is descriptive-qualitative with a literature review approach using both national and international scientific journals. The findings indicate that AI enhances operational efficiency, improves the accuracy of financial analysis, and supports data-driven strategic decision-making. Additionally, AI offers advantages in early bankruptcy detection and planning for corporate restructuring. However, challenges such as limited digital infrastructure, data security risks, and ethical concerns regarding algorithmic bias remain significant barriers to AI implementation. Therefore, a holistic strategy involving policy development, human resource training, and responsible technology governance is essential to maximize the sustainable benefits of AI in financial management
The Influence Of Asset Management On The Financial Performance Of UMKM Nurul Hikmah Hidayat; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.365

Abstract

This study aims to analyze the effect of asset management on the financial performance of UMKM. As a pillar of the national economy, UMKM often face challenges in asset management that impact efficiency and profitability. This research adopts a quantitative approach using a survey method involving 30 UMKM in the Makassar City area. Data were collected through questionnaires and analyzed using simple linear regression. The results show that asset management has a significant influence on the financial performance of UMKM. These findings highlight the importance of structured asset management practices in supporting the business growth of UMKM
Financial Management in Encouraging Digitalization of MSME Businesses Sunaryo Sunaryo; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.366

Abstract

Digital transformation is inevitable in the modern business landscape, including for Micro, Small, and Medium Enterprises (MSMEs). However, the adoption of digital technology by MSMEs in Indonesia is still relatively low; the APJII report (2023) shows that only around 34.6% of MSMEs fully utilize digital platforms. In fact, digitalization has been proven to increase operational efficiency, expand markets, and improve the quality of customer service. One important factor that is often overlooked is managerial ability, especially in financial management. Many MSMEs still record their finances manually, or even do not do it at all, making it difficult to make data-based decisions, access funding, or invest in technology. This shows that digitalization requires not only technological readiness, but also good financial management capacity. This study uses a descriptive quantitative approach with a survey method as the main data collection technique. The research population is MSME actors in urban and semi-urban areas that have been operating for at least two years. Sampling was conducted using the purposive sampling method, with the main criteria: (1) MSMEs that have financial bookkeeping activities, and (2) have or are using at least one digital application in business operations. Primary data were collected through a 1–5 Likert scale questionnaire measuring financial management variables (planning, recording, monitoring, and evaluation) and business digitalization variables (use of technology, process efficiency, and expansion of market access). Data were analyzed using descriptive statistics and multiple linear regression. The results of the study showed that good financial management practices contributed significantly to the level of MSME digitalization. MSMEs with a neat financial recording and planning system tend to be more financially ready to adopt digital technology. This finding is in line with the study of Setyawati et al. cite_start which states that the success of adopting digital technology is also determined by internal readiness, including financial governance.
The Effect Of Current Ratio, Debt To Equity Ratio, And Price To Book Value On Financial Performance Of Property And Real Estate Sector Companies Listed On The Indonesia Stock Exchange In 2021-2023 Julianti, Eka; Rita Friyani; Eko Prasetyo
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.367

Abstract

This study examines the influence of the Current Ratio, Debt to Equity Ratio, and Price to Book Value on the financial performance of property and real estate companies listed on the Indonesia Stock Exchange during the period 2021 to 2023. Financial performance is measured using Return on Assets (ROA), while the independent variables consist of Current Ratio (CR), Debt to Equity Ratio (DER), and Price to Book Value (PBV). The study employs a quantitative method with an explanatory approach and uses secondary data from 83 companies over three years, resulting in 249 firm-year observations. Multiple linear regression analysis was used to examine the relationships among variables, with the assistance of SPSS software. The results show that simultaneously, CR, DER, and PBV have a significant effect on financial performance. Partially, CR and PBV have a positive and significant effect, while DER has a negative and significant effect on ROA. These findings highlight the importance of liquidity, capital structure decisions, and market valuation in enhancing company profitability. This study contributes to financial decision-making practices for company management and investors in the property and real estate sector.
Analysis of the Impact of Artificial Intelligence (AI) Technology as a Predictive Tool in Capital Budgeting: Opportunities and Challenges in the Digital Era Fitra Amalia Jafar; Muchriana Muchran
International Journal of Economic Research and Financial Accounting Vol 3 No 4 (2025): IJERFA JULY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i4.368

Abstract

The rapid advancement of digital technology today has driven significant transformation in various aspects of business operations, including financial decision-making within companies. This study focuses on examining the effects of using AI technology as a predictive tool in capital planning, as well as identifying the opportunities and challenges faced by companies in today's digital age. This study is a descriptive study using secondary quantitative methods, aimed at explaining phenomena in a structured and fact-based manner using existing data and information. The main findings of this study indicate that the integration of Artificial Intelligence (AI) in financial management can facilitate the examination of past data and market developments directly, as well as generate more accurate and effective predictions. However, the lack of transparency in this system raises significant concerns regarding its use in critical fields such as finance and healthcare, where transparency in decision-making processes is of utmost importance. Through this research, it can be concluded that the use of AI technology can provide opportunities for companies to manage data in planning capital budgeting, but behind this convenience, companies must also face challenges related to data security and various other aspects in implementing AI technology in the current technological era.

Page 29 of 32 | Total Record : 315

 27   28   29   30   31 

Filter by Year

2022 2025


Reset
Filter By Issues
All Issue Vol 4 No 1 (2025): IJERFA OCTOBER 2025 Vol 3 No 4 (2025): IJERFA JULY 2025 Vol 3 No 3 (2025): IJHESS APRIL 2025 Vol 3 No 2 (2025): IJERFA JANUARY 2025 Vol 3 No 1 (2024): IJERFA OCTOBER 2024 Vol 2 No 4 (2024): IJERFA JULY 2024 Vol 2 No 3 (2024): IJERFA APRIL 2024 Vol 2 No 2 (2024): IJERFA JANUARY 2024 Vol 2 No 1 (2023): IJERFA OCTOBER 2023 Vol 1 No 4 (2023): IJERFA JULY 2023 Vol 1 No 3 (2023): IJERFA-APRIL 2023 Vol 1 No 2 (2023): IJERFA - January 2023 Vol 1 No 1 (2022): IJERFA - October 2022 More Issue