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Contact Name
Muslim
Contact Email
advancesresearch@gmail.com
Phone
+6282194548786
Journal Mail Official
advancesresearch@gmail.com
Editorial Address
Jln. Perintis Kemerdekaan, Puri Asri VII/A7 Makassar, Sulawesi Selatan, Indonesia (90245)
Location
Kota makassar,
Sulawesi selatan
INDONESIA
Advances in Economics & Financial Studies
ISSN : -     EISSN : 29857562     DOI : https://doi.org/10.60079/aefs
Core Subject : Economy,
Founded in 2023, Advances in Economics & Financial Studies publishes original research that promises to advance our understanding of Economics & Financial Studies over diverse topics and research methods. This Journal welcomes research of significance across a wide range of primary and applied research methods, including analytical, archival, experimental, survey and case study. The journal encourages articles of current interest to scholars with high practical relevance for organizations or the larger society. We encourage our researchers to look for new solutions to or new ways of thinking about practices and problems and invite well-founded critical perspectives. We provide a forum for communicating impactful research between professionals and academics in Economics & Financial Studies research and practice with discusses and proposes solutions and impact the field. Advances in Economics & Financial Studies addresses a broad range of issues within the fields of finance and economics. Research involving financial institutions, financial policy, control issues for firms, central bank policy, risk and uncertainty, and the economics and financial dimensions of market and non-market phenomena, as well as more specialized topics, all fall within its purview.
Articles 36 Documents
Society Participation, Transparency, Public Policy Accountability and Board Knowledge on Monitoring of School Revenue and Expenditure Budgets Eleuwarin, Usman; Muslim, Muslim
Advances in Economics & Financial Studies Vol. 2 No. 1 (2024): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v2i1.157

Abstract

Purpose: This research aims to determine the influence of Society Participation, transparency, public policy accountability, and board knowledge on monitoring school revenue and expenditure budgets. Study design/methodology/approach: The population in this study included school principals, all teachers, staff, school committees at state high schools in Makassar City, and Commission E members of the DPRD of South Sulawesi Province. A sample of 50 people was selected using random sampling techniques. Data collection was conducted through observation, questionnaires, and literature study. Descriptive statistical analysis and multiple linear regression analysis using SPSS were used to analyze the data. Findings: The results of this research indicate that both simultaneously and partially, the variables of Society Participation, transparency, public policy accountability, and board knowledge do not have a significant effect on the supervision of school revenue and expenditure budgets in public high schools in Makassar City. Originality/value: This research contributes to the existing literature by examining the influence of Society Participation, transparency, public policy accountability, and board knowledge on the monitoring of school revenue and expenditure budgets. The findings suggest that other factors may play a more significant role in supervising these budgets in public high schools in Makassar City.
The Effect of Financial Literacy and Credit Procedures on Credit Taking Decisions Sady, Muhammad; Rasyid, Abdul; Pasolo, Fahrudin
Advances in Economics & Financial Studies Vol. 2 No. 3 (2024): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v2i3.161

Abstract

Purpose: This study aims to determine the effect of Financial Literacy on Credit Decision Making. To assess the effect of Credit Procedures on Credit Taking Decisions. Moreover, to determine the impact of Financial Literacy and Credit Procedures on Credit Decision Making. Research Design and Methodology: The population in this study were debtors of Bank BRI Jayapura City Unit Office who applied for credit in 2021-2022, totaling 1,714 debtors. The sampling technique used in this study is proportional random sampling. Data sources use primary data and secondary data. The statistical analysis method used in this research is Multiple Linear Regression Analysis based on the T Statistical Test technique, F Statistical Test, and the Coefficient of Determination with the help of SPSS version 29 software. Findings and Discussion: The results showed that Financial Literacy has a positive and significant effect on Credit decision-making, and credit procedures have a positive and significant effect on credit decisions. Financial Literacy and Credit Procedures simultaneously affect the decision to take credit at BRI Bank Jayapura City Unit. Implications: This research is expected to significantly influence future studies in economics, particularly financial management. The results are also likely to serve as a reference and comparison material for further research related to credit decision-making.
Navigating the Dynamics of Corporate Financial Management for Sustainable Growth Simanjuntak, Renova
Advances in Economics & Financial Studies Vol. 2 No. 2 (2024): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v2i2.172

Abstract

This literature review aims to investigate the integration of sustainability principles into financial management practices and its implications for organizational strategies and outcomes. The research methodology involves a systematic review of existing literature on corporate financial management and sustainable growth. Utilizing qualitative analysis, the study synthesizes findings from a diverse range of scholarly sources to elucidate the complex dynamics shaping organizational strategies and outcomes. The findings reveal a robust correlation between effective financial management practices and sustainable growth outcomes, highlighting the strategic significance of integrating sustainability considerations into financial decision-making processes. Key themes identified include the role of financial management in driving sustainable growth initiatives, fostering resilience, and creating long-term value for stakeholders. Moreover, the study underscores the importance of leadership commitment, stakeholder engagement, and technological innovation in advancing sustainable financial management practices. Despite the progress made, challenges such as regulatory constraints, market pressures, and cultural inertia pose significant barriers to mainstreaming sustainability within organizations. The findings have implications for theory, practice, and future research, emphasizing the need for organizations to embrace an integrated approach to financial management that prioritizes sustainability considerations.
Efficiency Versus Emotion: Analyzing the Tug-of-War Between Rationality and Behavioral Biases in Financial Markets Muslim, Muslim
Advances in Economics & Financial Studies Vol. 1 No. 3 (2023): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i3.203

Abstract

The purpose of this study is to examine the interplay between market efficiency theories and behavioral biases in financial markets, exploring their implications for investment strategies, risk management practices, and regulatory policies. The research design encompasses a comprehensive literature review of efficiency theories, such as the Efficient Market Hypothesis (EMH), and behavioral finance principles, including Prospect Theory and cognitive biases. Empirical evidence from studies by Barberis and Thaler (2003) and others is synthesized to elucidate the prevalence and impact of behavioral biases on investor decisions and market dynamics. Findings reveal systematic deviations from rationality, such as overconfidence, herding behavior, and loss aversion, challenging the assumptions of market efficiency. The discussion highlights the need to integrate behavioral insights into financial models and decision-making processes to enhance market efficiency and investor welfare. Implications include the importance of tailored strategies to mitigate behavioral biases, investor education initiatives, and regulatory interventions to promote market integrity and protect investors. Overall, this study underscores the dynamic nature of financial markets and the critical role of behavioral finance in shaping their evolution and resilience.
Unraveling the Interplay Between Fixed Income and Credit Markets Kurni, Miradita
Advances in Economics & Financial Studies Vol. 1 No. 3 (2023): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i3.206

Abstract

This study examines the interplay between fixed income and credit markets, aiming to elucidate their dynamics and implications for market participants. Utilizing a comprehensive research design, the study analyzes the influence of interest rates, credit spreads, market liquidity, and regulatory frameworks on market behavior and participant decision-making processes. Findings indicate that fluctuations in interest rates significantly affect investor sentiment, asset valuations, and risk perceptions, while credit spreads play a crucial rsole in shaping credit market dynamics. Moreover, market liquidity emerges as a key determinant of trading efficiency and price discovery processes, with regulatory interventions exerting profound effects on participant behavior and market stability. These findings underscore the complex nature of financial market interactions and highlight the importance of a multifaceted approach in understanding and navigating these interconnected markets. The implications of these findings extend to policymakers, investors, and researchers, emphasizing the need for adaptive strategies to address evolving market conditions and regulatory environments, ultimately enhancing market efficiency and safeguarding investor interests.
Diversifying Portfolios: Exploring Investment Strategies and Alternative Assets in Modern Markets Syahputra, Rama
Advances in Economics & Financial Studies Vol. 1 No. 3 (2023): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i3.217

Abstract

This study aims to explore investment strategies and alternative assets in modern finance to provide insights for effective portfolio management. The research design encompasses a comprehensive literature review analyzing theoretical frameworks, empirical evidence, and practical implications. Findings reveal the historical performance and risk characteristics of traditional investment instruments and alternative assets. Stocks display higher returns but also higher volatility compared to bonds, while alternative assets demonstrate potential for portfolio diversification. However, challenges such as liquidity constraints and regulatory uncertainties exist. The discussion emphasizes the importance of adopting a diversified approach to portfolio management, leveraging both traditional and alternative assets to achieve optimal risk-adjusted returns. Incorporating environmental, social, and governance (ESG) factors and leveraging financial technology (fintech) innovations are identified as strategies to enhance portfolio resilience and sustainability. The implications suggest the need for investors to adapt their strategies to navigate the complexities of today's financial markets effectively, staying agile and proactive in managing risks while seizing opportunities.
Exploring Asset Pricing Models and Market Efficiency Tompo, Junaedi
Advances in Economics & Financial Studies Vol. 1 No. 3 (2023): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i3.221

Abstract

The study aims to critique traditional asset pricing models like the Capital Asset Pricing Model (CAPM), highlighting their limitations in capturing the complexities of real-world financial markets. Through meticulous literature review and empirical analysis, it emphasizes the need for more sophisticated frameworks accommodating multifaceted risk and return dynamics. The research unveils significant variations in market efficiency across different conditions and asset classes, underscoring critical determinants such as information dissemination and investor behavior. Moreover, it advocates for integrating insights from behavioral finance into asset pricing models to enhance their robustness. The implications extend to investors, policymakers, and academics, emphasizing the importance of informed decision-making and ongoing research to navigate modern financial markets effectively.
Diversity of Financial Products and Services in Global Markets Lallang, Sugiarto
Advances in Economics & Financial Studies Vol. 2 No. 1 (2024): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v2i1.225

Abstract

This study aims to explore the diversity of financial products and services in global markets, examining consumer behavior, regulatory challenges, and market dynamics. Utilizing qualitative research methods, interviews were conducted with stakeholders from various sectors of the financial industry. The findings revealed the complex interplay of psychological, socio-economic, and situational factors influencing consumer perceptions and preferences. Participants highlighted challenges in understanding complex financial products and emphasized the pivotal role of regulatory bodies in promoting transparency and safeguarding consumer interests. Regulatory disparities and cross-border capital flows were identified as formidable obstacles, underscoring the need for international cooperation. The study's implications include the importance of targeted interventions to enhance consumer empowerment, strengthen regulatory oversight, and foster global collaboration in navigating the complexities of the financial landscape.
Understanding Market Structure and Its Impact on Efficient Information Processing Sukoco, Farah Diba
Advances in Economics & Financial Studies Vol. 2 No. 1 (2024): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v2i1.232

Abstract

The study titled "Understanding Market Structure and Its Impact on Efficient Information Processing" aimed to investigate the relationship between market structure and the efficiency of information processing in financial markets. Employing a mixed-methods approach, the research combined empirical analysis with theoretical modeling to provide a comprehensive understanding of this complex relationship. Empirical analysis involved scrutinizing real-world data from various financial markets, focusing on market concentration, liquidity provision, and trading mechanisms to assess their impact on information processing efficiency. The findings revealed that higher market concentration correlated with reduced information efficiency, while competitive markets with robust liquidity showed enhanced information processing efficiency. Theoretical models, such as the Grossman-Stiglitz and Diamond-Dybvig models, provided insights into how information asymmetry, market power, and regulatory interventions influence information processing dynamics. The research highlighted the crucial role of market structure in shaping information processing efficiency, emphasizing its significance for policymakers and market participants. The study's outcomes underscore the need for regulatory frameworks that promote competition and transparency to ensure the integrity and efficiency of financial markets. These findings offer valuable guidance for formulating policies and strategies aimed at fostering fair and well-functioning markets, contributing to informed decision-making and policy formulation to enhance market resilience and stability.
The Interplay Between Financial Markets and Economic Growth Distia, Maharani
Advances in Economics & Financial Studies Vol. 1 No. 3 (2023): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i3.243

Abstract

This study aims to investigate the relationship between financial markets and economic growth, focusing on the influence of different dimensions of financial market development. Specifically, it seeks to understand how institutional quality and contextual factors moderate this relationship. The study conducts a comprehensive review of theoretical and empirical literature on financial markets and economic growth. It analyzes specific dimensions of financial market development, such as banking sector depth and stock market liquidity, using empirical analysis. Additionally, it explores the moderating role of institutional quality, financial stability, and other contextual factors. The analysis reveals a robust positive correlation between the depth and efficiency of financial markets and economic growth. Countries with well-developed financial markets tend to experience higher levels of economic growth. Moreover, institutional quality, including strong legal frameworks and political stability, plays a critical role in shaping this relationship. Financial stability also emerges as a determinant of sustained economic growth. The findings underscore the importance of prioritizing financial market development and institutional reform to foster sustainable economic growth. Policymakers should focus on enhancing financial infrastructure and governance to unlock the full potential of financial markets for economic development. These insights carry significant implications for policymakers, investors, and stakeholders striving to promote inclusive and sustainable economic growth.

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