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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)
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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
Effect of Qris Use on MSME Business Income Fatmawati, Fatmawati; Mutmainnah, Mutmainnah; Ponto, Sahrul
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.v2i3.255

Abstract

Purpose: This study aims to evaluate the effect of QRIS usage on business income for MSMEs in Jayapura City. Research Design and Methodology: The study used quantitative methods with simple linear regression analysis. Data was collected through questionnaires from MSME players who use QRIS in Jayapura City. The independent variable is the use of QRIS, while the dependent variable is business income. Findings and Discussion: The results of the analysis show that the use of QRIS has a significant positive effect on business income, with a regression coefficient of 1.017 and a p-value of 0.0000. This finding supports the hypothesis that the adoption of digital payment technology such as QRIS can increase business income. In addition, these results are in line with previous research showing the benefits of QRIS in improving operational efficiency and customer satisfaction. Implications: This research makes an important contribution to science and business practice, showing that QRIS can be an effective tool to improve the business performance of MSMEs in Indonesia. The findings encourage businesses to adopt QRIS to improve efficiency and profitability. However, this study is limited to a sample in Jayapura City and uses quantitative methods. Further research is recommended to explore the impact of QRIS in different regions and business sectors and consider a qualitative approach to gain deeper insights.
How Digital Literacy Can Drive Inclusive Progress Towards the 2030 SDGs Senja Shafira, Vera; Ramadhani, Gina; Rachman, Ichsan Fauzi
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.v2i2.260

Abstract

This research examines the implications of increasing digital literacy for achieving the 2030 Sustainable Development Goals (SDGs), with a focus on the perspective of accessibility and inclusivity. Digital literacy, which includes an individual's ability to access, understand and use digital technologies effectively, plays a critical role in driving sustainable social, economic and environmental development. This research finds that increasing digital literacy can accelerate the achievement of various SDG goals, such as quality education (SDG 4), poverty alleviation (SDG 1), and reducing inequality (SDG 10). However, this research also identified significant challenges regarding accessibility and inclusivity, especially among vulnerable groups such as rural communities, people with disabilities, and minority groups. In conclusion, to maximize the benefits of digital literacy in achieving the SDGs, comprehensive and inclusive policies are needed that ensure equitable access to digital technology and relevant educational programs. This study provides strategic recommendations for policy makers and stakeholders in efforts to integrate digital literacy as a key component in development strategies sustainable.
The Evolution of Financial Products and Services in the Digital Age 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.v2i1.269

Abstract

This research investigates the evolution of financial products and services in the digital age, aiming to elucidate the transformative impact of digitalization on the financial landscape. Through a comprehensive literature review and analysis of empirical studies, the research explores prevailing trends, challenges, and opportunities within the digital financial domain. The study employs a multidisciplinary approach, integrating insights from finance, technology, and regulation to provide a holistic understanding of the subject matter. Findings indicate a significant surge in the adoption of digital financial solutions, driven by factors such as technological innovation, changing consumer preferences, and regulatory developments. While digital finance offers unprecedented convenience, accessibility, and efficiency, it also presents challenges related to cybersecurity, data privacy, and regulatory compliance. The study underscores the critical role of regulatory frameworks and policy interventions in ensuring consumer protection, market integrity, and financial stability amidst the rapid digitalization of financial services. Implications of the research extend to policymakers, industry stakeholders, and regulators, emphasizing the need for collaborative efforts to foster innovation while mitigating risks associated with digital finance. Overall, the findings contribute valuable insights to academic discourse, informing strategic decision-making processes and regulatory policies in the digital financial realm, with implications for creating a more inclusive, efficient, and resilient financial ecosystem.
The Role of Entrepreneurial Finance in Fueling Growth and Innovation Nurhayati, Nurhayati
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.v2i3.271

Abstract

Purpose: This study aims to explore the relationship between entrepreneurial finance and innovation, examining how various financing forms, such as venture capital, crowdfunding, and debt financing, influence the innovation process within companies. Additionally, the research investigates the impact of contextual factors like government regulations, market conditions, and entrepreneurial culture on the effectiveness of these financing mechanisms in promoting innovation. Research Design and Methodology: The study employs a systematic literature review to analyze existing research on entrepreneurial finance and innovation. By synthesizing findings from a wide range of sources, the research identifies key trends, challenges, and opportunities in the intersection of finance and innovation across different sectors and regions. Findings and Discussion: The research reveals that while venture capital, crowdfunding, and debt financing each play significant roles in fostering innovation, their effectiveness is heavily influenced by external factors such as supportive government regulations and dynamic market conditions. The study highlights the importance of financial literacy and access to investor networks as critical barriers and opportunities for entrepreneurs. Implications: This study provides valuable insights for policymakers, investors, and entrepreneurs, emphasizing the need for tailored financial strategies and supportive regulatory environments to enhance innovation. The findings suggest that fostering a more inclusive and sustainable entrepreneurial ecosystem requires collaboration among all stakeholders, with a particular focus on leveraging technology to democratize access to capital.
Understanding the Linkages Between Financial Markets and Sustainable Economic Development Maharajabdinul, Maharajabdinul
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.v2i2.282

Abstract

Purpose: This study investigates the interplay between financial markets and sustainable economic development, aiming to clarify how financial activities influence sustainability goals and vice versa. Research Design and Methodology: The research utilizes a multidisciplinary approach, drawing insights from economics, finance, environmental studies, sociology, and political science. A comprehensive literature review was conducted to synthesize existing knowledge and identify research gaps, focusing on theoretical and empirical studies without primary data collection. Findings and Discussion: Findings reveal that financial markets are crucial for capital allocation and resource mobilization but can also lead to environmental degradation, social inequality, and systemic risks. The study emphasizes the significant role of regulatory frameworks and institutional arrangements in determining how financial markets affect sustainability outcomes, highlighting the need for integrated reforms, regulatory measures, and stakeholder collaboration. Implications: The study underscores the importance of aligning financial incentives with sustainability objectives and enhancing the resilience of financial systems. It calls for stronger partnerships among stakeholders and suggests that further research is needed to explore innovative financial mechanisms that promote sustainable development and assess the long-term impacts of financial practices on sustainability. These insights are valuable for policymakers, practitioners, and scholars navigating the finance-sustainability nexus.
Entrepreneurial Finance Strategies for Startup Success Ermawati, Yana
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.v2i2.283

Abstract

This study explores entrepreneurial finance strategies crucial for startup success. The purpose is to analyze venture capital dynamics, bootstrapping, crowdfunding mechanisms, and financial planning. Research design involves a literature review synthesizing findings from scholarly articles. Findings indicate that VC funding offers capital and expertise but is competitive, while bootstrapping provides autonomy and encourages resourcefulness. Crowdfunding offers alternative financing but requires effective marketing and community engagement. Financial planning fosters sustainable growth through prudent resource management. Discussion underscores the significance of understanding financing options and their implications. Entrepreneurs must weigh trade-offs, investors acknowledge diverse financing mechanisms, and policymakers foster supportive environments. Implications extend to economic growth and innovation. By adopting suitable financing strategies, startups enhance their chances of success, contributing to vibrant entrepreneurial ecosystems.
The Art and Science of Financial Econometrics: Applications, Challenges, and Future Directions Rasyid, Abdul
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.v2i1.287

Abstract

This study delves into the realm of financial econometrics, aiming to comprehensively understand market dynamics and inform decision-making processes. Through a mixed-methods approach encompassing quantitative and qualitative methodologies such as surveys, interviews, and secondary data analysis, the research engages diverse stakeholders, enriching perspectives on financial econometrics. Findings reveal the efficacy of interdisciplinary research, methodological innovation, and stakeholder engagement in advancing the field, highlighting the imperative to bridge the gap between theoretical constructs and empirical realities. Embracing innovative methodologies and technologies emerges as crucial for navigating the complexities of modern financial markets, enhancing decision-making processes, and fostering innovation in financial econometrics
Cryptocurrencies and Their Impact on Traditional Monetary Systems: An Exploratory Study Muslim, Muslim
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.v2i3.312

Abstract

Purpose: This study aims to explore the profound impact of cryptocurrencies on traditional monetary systems, mainly focusing on how they challenge the effectiveness of central banks' monetary policies and contribute to economic instability, especially in emerging markets. Research Design and Methodology: The study employs a qualitative, exploratory research design, drawing on a comprehensive review of existing literature and empirical evidence from emerging markets. The research examines the interactions between cryptocurrencies and traditional financial systems, emphasizing the implications for monetary policy, financial stability, and economic inequality. Findings and Discussion: The findings reveal that the rise of cryptocurrencies significantly diminishes the effectiveness of traditional monetary tools, such as interest rate adjustments and money supply control. This impact is particularly pronounced in emerging markets, where financial infrastructures are less resilient. The study also highlights the risks associated with cryptocurrency volatility, which can exacerbate systemic financial risks and contribute to greater economic inequality. Moreover, the study underscores the urgent need for central banks to innovate, possibly through the development of Central Bank Digital Currencies (CBDCs), to maintain economic stability. Implications: The study suggests that central banks and regulators must adapt to the growing influence of cryptocurrencies by developing new strategies and regulatory frameworks. This adaptation is not just important, but necessary to maintaining financial stability, managing economic inequality, and ensuring the continued relevance of traditional financial institutions in a rapidly evolving digital landscape.
Evaluating the Role, Costs, and Benefits of Insurance and Hedging in Financing Decisions Hadijah, Andi St.; Karmila, Karmila
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.v2i2.313

Abstract

Purpose: This study explores the impact of integrating machine learning algorithms and big data analytics on risk assessment and management, focusing on financial, strategic, environmental, social, and governance (ESG) perspectives. Research Design and Methodology: The research utilizes a comprehensive literature review to analyze the benefits, challenges, and implications of incorporating machine learning and big data analytics into risk management frameworks. It synthesizes insights from scholarly articles, empirical studies, and regulatory documents to provide a holistic understanding. Findings and Discussion: The findings reveal that integrating machine learning and big data analytics significantly enhances risk measurement and management in strategic financing decisions. These technologies improve risk assessment accuracy, help identify emerging risks, and enable organizations to capitalize on market opportunities. Including ESG criteria in risk management frameworks further strengthens organizational resilience by addressing non-financial risks. Implications: The study underscores the need for innovative risk management practices to navigate uncertainties and seize opportunities in a complex, interconnected environment. It highlights the importance of leveraging technological advancements and incorporating ESG considerations into risk management to enhance organizational resilience, drive long-term value creation, and support sustainable development. Future research should explore further innovations in risk management frameworks.
Reflective Study on Financial Statement Quality Capability to Influence Firm Performance: Literature Review Auliyah, Iriana; Agit, Alamsyah
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.v2i3.379

Abstract

Purpose: The study explores factors affecting financial statement quality in MSMEs and their impact on performance. It investigates how financial literacy, technology, control, and governance enhance MSMEs' financial statements. Research Design and Methodology: The study uses a quantitative method with surveys and questionnaires to collect data from MSME owners and managers. Data includes financial literacy, technology use, internal control, and governance. Statistical analysis examines the relationship between variables and financial statement quality. In-depth interviews provide insights into financial reporting challenges and best practices among SMEs. Findings and Discussion: The study found that MSMEs' financial statements quality affects business performance significantly. Better financial statements quality, influenced by financial literacy, technology use, internal control, and governance, helps SMEs manage finances efficiently, access capital, and make strategic decisions. Training in financial statement preparation and digital tools usage can enhance accounting understanding and financial management efficiency. Quality financial statements improve MSMEs' competitiveness, transparency, accountability, and reputation, supporting overall business performance. Implications: Improving MSMEs' financial statements can enhance business performance. Financial literacy, information system adoption, internal control, and corporate governance benefit MSMEs. Training and mentoring on financial statements and digital tools enhance financial management efficiency. Policies supporting SME financial statement quality are crucial for competitiveness and sustainability.

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