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[Effect of Leadership Style and Job Satisfaction on Employee Performance: Evidence from Indonesia Honorary Staff ]]>
<![CDATA[Rusmewahni, Rusmewahni]]>;
<![CDATA[Jayanti, Suci Etri]]>;
<![CDATA[Siahaan, Rumiris]]>;
<![CDATA[Sinurat, Mangasi]]>;
<![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.v2i1.48
<![CDATA[This study investigates the impact of leadership style and job satisfaction on employee performance within the General Section of the Regional Secretariat of the Serdang Bedagai Regency. Multiple linear regression analysis was employed to examine the relationships between variables using questionnaires, interviews, and literature reviews for data collection. The findings reveal that leadership style in a department is categorized as high or good, significantly influencing employee performance. It aligns with the theoretical expectation that appropriate leadership is crucial for enhancing employee performance, particularly when performance declines. Surprisingly, contrary to expectations, job satisfaction was classified as low and did not significantly affect employee performance. The study concludes that leadership style and job satisfaction are well received in the General Section, as evidenced by their highly descriptive classification. These factors collectively and simultaneously influence employees’ performance. This research recommends addressing and fulfilling employees’ needs to improve job satisfaction and potentially impact performance. This study contributes to understanding Human Resource Management practices in a specific organizational context by highlighting the importance of effective leadership and the need for strategies to enhance job satisfaction. These findings provide valuable insights for managers and policymakers in developing targeted interventions to improve employee performance in similar organizational settings.]]>
<![CDATA[Investigating the Effect of Job Motivation on Employee Work Quality at Honda Workshop: The Mediating Role of Dominion Power ]]>
<![CDATA[Damanik, Sri Winda Hardiyanti]]>;
<![CDATA[Sinurat, Mangasi]]>;
<![CDATA[Siahaan, Rumiris]]>;
<![CDATA[Purba, Rakhmawati]]>;
<![CDATA[Jayadi, Usman]]>;
<![CDATA[Ilham, Rico Nur]]>;
<![CDATA[Riinawati, Riinawati]]>
<![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.v2i1.49
<![CDATA[Performance is vital for organizational success, and employee work quality is essential. A decline in individual or group performance can significantly affect a company's effectiveness. This study, conducted at the Honda Sei Rampah Dealer beginning in July 2020, used quantitative data analysis to investigate the independent variables of dominion power image and employee work quality, with dominion power as the dependent variable. The study involved 45 employees (43 males and 2 females, aged 18–29, both single and married). Validity testing was performed using SPSS version 17.00, based on the calculated r values. Partial hypothesis testing assesses the impact of each independent variable on the dependent variable. The findings indicated a significant relationship between job motivation and employee work quality and that dominion power had a notable effect on employee quality. Future research should explore dominion power among employees, especially their resilience in challenging work environments, through encouragement initiatives. Examining colleagues’ relationships and implementing stricter regulations to enhance compliance and obedience may also be beneficial. To better understand the complexities of dominion power and its impact on organizations, future studies should incorporate more variables that could lead to improved organizational performance and effectiveness.]]>
<![CDATA[Psychological Factors and Higher Branded Price to Purchase Decision of MS Glow Skin Care ]]>
<![CDATA[Jayanti, Suci Etri]]>;
<![CDATA[Rusmewahni, Rusmewahni]]>;
<![CDATA[Siahaan, Rumiris]]>;
<![CDATA[Sinurat, Mangasi]]>;
<![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.v2i1.50
<![CDATA[The beauty industry has evolved, with skincare becoming crucial for women. It protects against environmental factors and prevents issues caused by make-up. The Indonesian skincare market is growing, reflecting the increasing importance of skin health. This study investigates the influence of lifestyle, psychological factors, and pricing on MS Glow skincare product-purchasing decisions among students at the University of North Sumatra's Faculty of Education. Using primary data from 100 respondents, multiple linear regression analysis was employed to examine the relationships between the independent variables (lifestyle, psychological factors, and price) and the dependent (purchase decision) variables. This research aims to understand consumer behavior in skincare product acquisition, focusing on MS Glow. Contrary to expectations, price does not significantly influence purchase decisions. However, lifestyle and psychological factors play substantial roles, exhibiting positive and statistically significant relationships with the dependent variable. These findings challenge conventional wisdom about the importance of pricing in student consumer decision-making and highlight the need for lifestyle-oriented and psychologically driven marketing approaches in the skincare industry. This study contributes valuable insights into university students' decision-making processes for personal care products, enhancing the understanding of consumer behaviour in this demographic.]]>
<![CDATA[The Effect of Workload and Wage Levels on Job Satisfaction of Honorary Employees with Motivation as a Mediation ]]>
<![CDATA[Suwadi, Suwadi]]>
<![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.v2i1.51
<![CDATA[Honorary staff members represent a significant component of Indonesia's current human resources, serving as an alternative workforce to support the performance of civil servants. Their presence is intended to address certain organizational needs. Job satisfaction is considered a crucial factor as it can impact organizational operations. It refers to employees’ supportive or unsupportive feelings towards their work or working conditions. This study investigated the influence of workload and wage levels on temporary employees' motivation and job satisfaction. The research employed quantitative methods utilizing Smart Partial Least Square (PLS) software version 3. The analysis comprises two sub-models: a measurement model (external model) and a structural model (internal model). A total of 94 respondents were selected using convenience sampling techniques. The findings revealed that workload significantly affects job satisfaction, mediated by motivation. Similarly, wage levels significantly impacted job satisfaction, with motivation as a mediating factor.]]>
<![CDATA[Developing Customer Satisfaction Strategies for Oke Jek Tebing Tinggi Online Transportation Users during COVID-19 ]]>
<![CDATA[Sagala, Yomeini Margareth]]>;
<![CDATA[Islamiarti, Dian]]>
<![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.v2i1.52
<![CDATA[This study investigated the optimal development strategy for Oke Jek, an online transportation service in Tebing Tinggi, to enhance customer satisfaction during the COVID-19 pandemic. Oke Jek, which commenced operations in 2019, faces unique challenges in maintaining customer satisfaction while prioritizing safety and user experience. The research employed a qualitative approach, utilizing primary and secondary data collected through interviews, observations, and documentation from seven respondents. The theoretical framework is supported by development, marketing, and customer satisfaction theories. This study utilizes SWOT analysis to examine the internal (IFE) and external (EFE) environments. The IFE matrix, which evaluates strengths and weaknesses, yielded a score of 1.45, while the EFE matrix, which assesses opportunities and threats, produced a score of 1.15. These results position Oke Jek in Quadrant I, indicating an Aggressive Strategy as the most appropriate approach. On the basis of SWOT analysis, four alternative strategies were identified: Strengths-Opportunities (SO), Weaknesses-Opportunities (WO), Strengths-Threats (ST), and Weaknesses-Threats (WT). The findings suggest that, to enhance customer satisfaction, Oke Jek should implement a comprehensive strategy focusing on safety measures, effective communication of health protocols, and improved application functionality for streamlined bookings and payments. This approach aimed to address the unique challenges posed by the COVID-19 pandemic while maintaining a competitive advantage in the online transportation market.]]>
