International Journal of Business, Economics & Financial Studies
International Journal of Business, Economics & Financial Studies (IJBEFS) is a double-blind peer-reviewed scientific journal published 2 (two) times a year, i.e., May and November. IJBEFS applies theory developed from economics and financial studies to actual phenomena. IJBEFS aims to publish papers covering theoretical and empirical investigation across all economics and financial studies disciplines, including applied microeconomics, behavioral and experimental economics, decision theory, development economics, econometrics, economic history, Islamic economics, economics of education, economics of technology, environmental, resource, and energy economics, financial economic, game theory, health economics, industrial organization, international trade, labor economics, macroeconomics, market design, microeconomic theory, monetary economics, political economy, public economics. Organization theory, organizational behavior, human resource management, strategy, international business, entrepreneurship, tourism, innovation, and critical management studies. Financial markets (e.g., portfolio theory, asset pricing, financial intermediation, investment banking, behavioral finance), financial instruments (e.g., derivatives, futures markets, computational finance, financial engineering, financial econometrics), corporate finance (e.g., corporate governance, investment policy, agency theory, risk management), public finance management, banking systems, financial regulation and policy.
Articles
25 Documents
<![CDATA[Factors that Influence the Effectiveness of Accounting Information Systems: A Case Study of Government Agency in North Nias Regency, Indonesia ]]>
<![CDATA[Zalukhu, Rika Surianto]]>;
<![CDATA[Sinurat, Mangasi]]>;
<![CDATA[Collyn, Daniel]]>;
<![CDATA[Hutauruk, Rapat Piter Sony]]>;
<![CDATA[Syahputra, Ari]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 1 No. 2 (2023): November 2023 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v1i2.23
<![CDATA[An Accounting Information System (AIS) is a system that collects, records and processes financial data and non-financial data related to financial transactions to produce information for decision-making. The decision-making process plays an important role in achieving organizational goals. This study aimed to analyze the factors that influence the effectiveness of Accounting Information Systems (AIS) at the government agency in North Nias Regency. The factors tested are user capability, top management support and education and training. The effectiveness of AIS is the study's dependent variable, while user capabilities, top management support and education and training are independent variables. This research was conducted on employees using AIS at the Regional House of Representative Secretariat, Education Office, and Civil Registry Office of North Nias Regency. The research population was 40. The sampling technique used saturation sampling. The type of data used is primary data. Data were obtained by using research questionnaires. Methods of data analysis using multiple linear regression analysis methods. The analysis results show that user capability, top management support, and education and training have a positive and significant effect on the effectiveness of AIS either partially or simultaneously.]]>
<![CDATA[Dynamic Relationship between Exchange Rate of Hang Seng Index and LQ45 Index: Before and During COVID-19 Pandemic ]]>
<![CDATA[Arfah, Yenni]]>;
<![CDATA[Gunawan, Didik]]>;
<![CDATA[Mardayanti, Imelda]]>;
<![CDATA[Haratikka, Haya]]>;
<![CDATA[Anggun, Depina]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 1 No. 2 (2023): November 2023 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v1i2.24
<![CDATA[This study determines the relationship between the exchange rate, the Hang Seng index and the LQ45 index using the Vector Error Correction Model (VECM) method. The data used weekly data for 4 years from 2017 to 2020, comprising 208 time series data. The data used in this study is secondary data based on the official website, namely idx.co.id, www.investing.com, wwww.yahoofinance.co.id, bi.go.id. The results of this study indicate that the exchange rate with the LQ45 index had a positive and significant effect on the LQ45 index before and during the COVID-19 pandemic. The Hang Seng index with the LQ45 index had a negative and significant effect on the LQ45 index before the COVID-19 pandemic. The Hang Seng index with the LQ45 index did not affect the LQ45 index during the COVID-19 pandemic. The exchange rate with the Hang Seng index had a negative and insignificant effect on the Hang Seng index before the COVID-19 pandemic. The exchange rate with the Hang Seng index had a positive and significant effect on the Hang Seng index during the Covid-19 pandemic. These findings can assist investors in being more selective in determining whether to buy, sell or hold their shares. The government can make policies related to the exchange rate and maintain the stability of the rupiah exchange rate against the dollar so that the effects can be anticipated and handled as well as possible.]]>
<![CDATA[Investigating the Effect of Cultural Diversity Management and Employee Engagement on Work Performances: Mediating Role of Cross-Cultural Leadership ]]>
<![CDATA[Marpaung, Sonia Margaretha]]>;
<![CDATA[Nasution, Harmein]]>;
<![CDATA[Siahaan, Elisabeth]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 1 No. 2 (2023): November 2023 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v1i2.25
<![CDATA[Sampoerna Academy Medan is one of the international schools that contributes to the number of foreign workers (expatriates). Cultural diversity at Sampoerna Academy Medan becomes an opportunity and challenge for this organization to achieve optimal employee performance. This study has identified and classified three large categories, namely a mismatch in cultural diversity management leading to a high level of staff and leader turnover, employee disengagement in optimizing their performance, and the phenomenon of self-adjustment to changes in leaders in three consecutive years. This study uses the transformational leadership theory, cross-cultural leadership styles, cultural diversity management, and employee engagement concepts. This study applies triangulation through in-depth interviews, observation, and with employees at Sampoerna Academy Medan. By using qualitative methods and involving 12 respondents consisting of one local manager, one Filipino manager, one Indian manager, two local staff, two Indian staff, 2 Philippine staff, 1 Malaysian staff, 1 Chinese staff, and 1 England staff. The study found several short-term and long-term recommendations that can support performance optimization at Sampoerna Academy Medan, Indonesia.]]>
<![CDATA[The Role of Employment Opportunities in Mediating the Impact of Human Capital and Wages on Provincial Poverty in Indonesia ]]>
<![CDATA[Mulyadi, Aka]]>;
<![CDATA[Majid, M. Shabri Abd.]]>;
<![CDATA[Suriani, Suriani]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.33
<![CDATA[This study aims to examine the role of employment opportunities in mediating the effects of human capital and wages on poverty across provinces in Indonesia. This study uses secondary annual data from 34 provinces spanning 2015 to 2022 (panel data). The study employs panel data regression analysis for model estimation, with path analysis and the Sobel test used to assess the mediating role. The findings indicate that human capital has a significant negative direct and indirect impact on poverty through employment opportunities. In contrast, wages do not directly affect poverty but have a significant indirect effect through employment opportunities. Employment opportunities negatively influence poverty and act as a partial mediator between human capital and poverty and a complete mediator in the relationship between wages and poverty. Based on these results, it is recommended that policies aimed at enhancing human capital and increasing employment opportunities be implemented concurrently to reduce short- and long-term poverty. Additionally, it is advised that the government prioritize increasing the minimum wage to strengthen the impact of employment opportunities in alleviating poverty over time. Policies that simultaneously target improvements in human capital, employment opportunities, and minimum wages are crucial for significantly reducing poverty across Indonesia's 34 provinces.]]>
<![CDATA[Can Government Expenditure and Investment Drive Poverty Alleviation in Aceh Through Economic Growth? ]]>
<![CDATA[Inayati, Inayati]]>;
<![CDATA[Jamal, Abd.]]>;
<![CDATA[Nasir, Muhammad]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.34
<![CDATA[Poverty continues to be a significant challenge in economic development, attracting widespread attention globally. In response, various initiatives are being implemented to reduce poverty. This study explores the indirect effects of investment and government expenditure on poverty alleviation through economic growth in Aceh Province. Utilizing quantitative methods, including path analysis and multiple panel regression models, and drawing on data from 23 districts and cities in Aceh, the findings reveal that both investment and government expenditure have direct, positive, and statistically significant effects on economic growth. However, these variables do not have a direct impact on poverty levels. Specifically, government expenditure is negatively and significantly correlated with poverty, while investment shows a negative but statistically insignificant relationship. Economic growth itself also has a positive, yet statistically insignificant, relationship with poverty. Additionally, the analysis shows that economic growth does not mediate the effect of investment and government expenditure on poverty in Aceh. These results highlight that achieving high growth rates and large investment volumes alone is insufficient. It is essential to focus on the quality of growth, emphasizing the creation of a multiplier effect, fostering inclusive investment, improving infrastructure, and investing in human capital. Such efforts can ensure that economic growth effectively contributes to poverty reduction.]]>
<![CDATA[Investigating the Effect of Oil and Gas Exports and Macroeconomic Variables on Gross Regional Domestic Product in Indonesia ]]>
<![CDATA[Hidayat, Wahyu]]>;
<![CDATA[Suriani, Suriani]]>;
<![CDATA[Sartiyah, Sartiyah]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.37
<![CDATA[This study examines the relationship between oil and gas exports, macroeconomic variables (such as inflation and population), and Indonesia's Gross Regional Domestic Product (GRDP). Specifically, it focuses on seven Indonesian provinces that are the largest oil and gas producers: Aceh, North Sumatra, South Sumatra, Riau, East Java, East Kalimantan, and Papua. Utilizing panel regression analysis, the study analyzes annual data from 2010 to 2022, sourced from the Indonesian Central Bureau of Statistics (BPS) and the respective BPS offices of each province. The findings reveal that oil and gas exports, and total population positively influence GRDP. At the same time, inflation negatively impacts GRDP, particularly in the leading oil and gas-producing regions. Based on these results, the study suggests that the government should consider offering fiscal incentives, such as tax reductions or import duty exemptions. It aims to attract domestic and foreign investment in exploration and production. Furthermore, it advocates for advancements in oil and gas processing technologies to enhance the quality and quantity of oil and gas exports, focusing on finished goods rather than relying solely on raw products.]]>
<![CDATA[Sustainable Development in ASEAN-5: Renewable Energy, Natural Resources Rent and Economic Globalization ]]>
<![CDATA[Geubrina, Yulia]]>;
<![CDATA[Aliasuddin, Aliasuddin]]>;
<![CDATA[Abrar, Muhammad]]>;
<![CDATA[Masbar, Raja]]>;
<![CDATA[Saputra, Jumadil]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.44
<![CDATA[Sustainable development has emerged as a critical global concern, particularly in the context of energy consumption and environmental quality. In Southeast Asia, the heavy reliance on fossil fuels, especially oil, poses significant challenges to achieving sustainability goals. This study investigates the impact of renewable energy consumption, natural resource rents, and economic globalization on the Sustainable Development Index (SDI). Using panel data from five ASEAN countries—Indonesia, Malaysia, Thailand, Singapore, and the Philippines—from 2000 to 2020, the analysis applies panel quantile regression to explore the relationships among the variables. The findings reveal that renewable energy consumption and economic globalization contribute positively to the Sustainable Development Index, whereas natural resource rents exhibit a negative impact. A distinctive aspect of this research is its use of the Sustainable Development Index as a metric, offering a novel approach not extensively employed in prior studies. The insights derived from this study can inform the development of policies promoting sustainable development, particularly through adopting renewable energy and managing economic globalization. Additionally, the findings underscore the need to address the adverse effects of natural resource exploitation to enhance regional sustainability outcomes.]]>
<![CDATA[Examining the Causal Relationship between Inflation and Unemployment in Indonesia ]]>
<![CDATA[Angga, Binanga]]>;
<![CDATA[Aliasuddin, Aliasuddin]]>;
<![CDATA[Abrar, Muhammad]]>;
<![CDATA[Masbar, Raja]]>;
<![CDATA[Saputra, Jumadil]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.45
<![CDATA[Inflation and unemployment are significant challenges faced by both developing and developed countries. This study analyzes the causal relationship between inflation, as measured by the Gross Domestic Product (GDP) Deflator, and open unemployment in Indonesia. Using a Vector Autoregressive (VAR) panel model, the analysis is based on panel data from 34 provinces from the first semester of 2015 to the second semester of 2022. The results of statistical tests indicate a unidirectional causality, with inflation Granger-causing unemployment, but not vice versa. This finding is further supported by the Vector Autoregression estimates, where Lag 4 reveals that unemployment is primarily influenced by inflation, while inflation remains unaffected by unemployment. To address the issue of unemployment, policymakers should prioritize controlling inflation and keeping it within manageable limits, as reducing inflation could contribute to improved unemployment rates. Future research should explore the relationship between inflation and unemployment through qualitative interviews with individuals who have experienced both issues to understand their daily impacts better.]]>
<![CDATA[Defining Corporate Social Costs: Enhancing the Theoretical Foundations of Corporate Social Responsibility Accounting ]]>
<![CDATA[Saleh, Younis A. Battal]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.46
<![CDATA[This study aims to develop a precise definition of the term "corporate social costs (CSCs) "- according to accountants' point of view and identify a set of criteria through which the corporate social cost (CSC) can be distinguished from the corporate economic cost (CEC). Any theoretical study that aims to improve and develop the theoretical structure of any major in the social sciences, such as economics and accounting often relies on the approach of rational thinking and logical inference. Hence, the researcher adopted this approach in studying and analyzing the nature of the costs incurred by companies to fulfill the requirements of legal and ethical responsibilities - which reflect the codified and uncodified desires of the stakeholders concerned with these responsibilities, as well as the nature of the benefits that these costs bring to the beneficiaries. The researcher also adopted the idea of the characteristics that can be deduced from these costs and the activities attributed to them in determining the criteria for distinguishing between CSCs and CECs. This study developed a precise definition of corporate social costs (CSCs) through logical conclusions, consistent with the contemporary concept of corporate social responsibility (CSR). It defined a set of criteria to distinguish CSCs from CECs. Given the scarcity of writings in this field, this study is considered an enrichment of accounting thought in the field of CSR. This study will enhance the ability of companies to disclose their social performance accurately. On the educational level, this study will remove any misunderstanding students may have about the meaning of CSCs.]]>
<![CDATA[Investigating the Effects of Democratic Leadership Style and Compensation on Indonesian Civil Servants' Performance ]]>
<![CDATA[Siahaan, Rumiris]]>;
<![CDATA[Sinurat, Mangasi]]>;
<![CDATA[Rusmewahni, Rusmewahni]]>;
<![CDATA[Jayanti, Suci Etri]]>;
<![CDATA[Ilham, Rico Nur]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 1 (2024): May 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i1.47
<![CDATA[Employee performance is the outcome of a process measured over a specific period on the basis of predetermined provisions or agreements. Generally, performance can be interpreted as an individual's entire work process, with results as a basis for determining whether their work is satisfactory. This study investigated the influence of democratic leadership style and compensation on employee performance at the Office Secretariat of the Regional People's Representative Council of the Serdang Bedagai Regency. The study employed a quantitative data method to determine the research focus, select informants as sources, assess data quality, analyse and interpret data, and draw conclusions from the findings. The findings reveal that work status and work environment influence employee performance. Besides that, democratic leadership style and compensation did not demonstrate a significant impact. However, when considered collectively, all four factors were found to influence employee performance. These results provide valuable insights for organisational management to understand and improve employee performance within this context.]]>
