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Contact Name
Muslim
Contact Email
advancesresearch@gmail.com
Phone
+6282194548786
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advancesresearch@gmail.com
Editorial Address
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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
Limited Access to Capital for SMEs and its Impact on Growth in Competitive Markets Ermawati, Yana
Advances in Economics & Financial Studies Vol. 3 No. 1 (2025): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i1.426

Abstract

Purpose: This study investigates the multidimensional challenges of limited access to capital for Small and Medium Enterprises (SMEs) in competitive markets. It aims to analyze how capital constraints affect SME growth, innovation, and competitiveness while exploring the interplay of institutional, regulatory, and market factors that shape financial accessibility. Research Design and Methodology: Adopting a qualitative approach, this research utilizes a systematic literature review (SLR) to synthesize findings from recent studies. The review focuses on the structural, institutional, and operational barriers impacting SMEs’ access to finance, alongside the role of alternative financing solutions and institutional quality in mitigating these challenges. Findings and Discussion: The study identifies capital constraints as a critical barrier limiting SMEs’ ability to innovate, expand production, and compete effectively in dynamic markets. Weak institutional frameworks, such as underdeveloped credit systems and regulatory inefficiencies, exacerbate financial exclusion, particularly in developing economies. Furthermore, competitive pressures amplify these challenges, highlighting the need for alternative financing solutions like fintech and crowdfunding. However, adoption remains limited due to low financial literacy and inadequate digital infrastructure. These findings emphasize the necessity of systemic reforms to create an enabling financial ecosystem for SMEs. Implications: The study contributes to academic literature and practical applications by providing actionable insights for policymakers and financial institutions. Recommendations include simplifying credit processes, enhancing financial literacy, and fostering public-private collaborations to address systemic barriers. These strategies can empower SMEs to overcome capital constraints, drive innovation, and contribute to sustainable economic development.
Risk Evaluation of the Use of Derivative Products in Financial Management Strategies Nianty, Dara Ayu
Advances in Economics & Financial Studies Vol. 3 No. 1 (2025): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i1.429

Abstract

Purpose: This study evaluates the risks associated with using derivative products in financial management strategies and their potential impacts on corporate financial stability. By addressing dimensions such as regulatory environments, managerial decision-making, and market dynamics, the study provides a holistic understanding of derivatives' dual role as risk mitigation tools and potential sources of financial instability. Research Design and Methodology: The study employs a qualitative approach using the Systematic Literature Review (SLR) method to synthesize findings from existing research. This method enables the integration of theoretical and practical insights from multiple industries and markets, ensuring a comprehensive analysis of derivatives' impacts. Findings and Discussion: The findings reveal that when used strategically, derivatives enhance cash flow stability, mitigate market risks, and support operational resilience. However, misuse due to high leverage, speculative trading, or inadequate oversight can amplify financial instability. The study underscores the importance of robust regulatory frameworks, corporate governance, and managerial expertise in optimizing derivative strategies. Sector-specific and market-dependent nuances further highlight the need for tailored approaches in managing derivative-related risks. Implications: This research offers practical and managerial insights by advocating best practices such as transparent reporting, independent risk committees, and robust risk management frameworks. Policymakers are encouraged to develop adaptive regulatory measures to mitigate systemic risks. Additionally, the findings highlight the need for organizations to align derivative strategies with long-term financial goals while fostering collaboration between regulators, managers, and stakeholders to enhance economic stability.
Long-Term Financing Challenges for Companies in Maintaining Business Expansion and Innovation Ramadhan, Muhammad
Advances in Economics & Financial Studies Vol. 3 No. 1 (2025): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i1.435

Abstract

Purpose: This study investigates long-term financing companies' challenges in sustaining business expansion and innovation. It aims to identify the barriers to accessing sustainable funding, analyze their implications for innovation, and propose strategies to address these constraints across various sectors. Research Design and Methodology: The research employs a Systematic Literature Review (SLR) to analyze existing studies and synthesize findings from diverse industries, including technology, manufacturing, and clean energy. Theoretical frameworks such as Agency Theory and the Resource-Based View (RBV) guide the interpretation of findings, focusing on regulatory and market dynamics, corporate strategies, and innovation processes. Findings and Discussion: The study reveals key barriers, including regulatory rigidity, market volatility, and limited access to capital markets, which create significant imbalances between corporate financing needs and market preferences. These constraints hinder companies from pursuing long-term investments, particularly in R&D and technology development, affecting their capacity for sustained innovation. Strategies such as funding diversification, financial risk management, and cross-sector collaborations emerge as effective solutions. The interplay between regulatory frameworks and market mechanisms is highlighted as a challenge and an opportunity to enhance financing accessibility. Implications: The findings offer valuable insights for policymakers, financial institutions, and corporate managers. Policymakers are encouraged to design regulatory frameworks and incentives that align with market needs, while businesses are advised to adopt innovative financial strategies and foster collaborative ecosystems. The study contributes to the theoretical discourse on financing and innovation and provides practical recommendations for promoting sustainable business growth.
The Impact of Financial Market Instability on Economic Growth and Long-Term Investment Yulfajar, Amrina; Noor, Gusti Muchran; Putranto, Rachmad Sukma
Advances in Economics & Financial Studies Vol. 3 No. 1 (2025): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i1.454

Abstract

Purpose: This study explores the impact of financial market instability on economic growth and long-term investment. It investigates how market volatility, liquidity crises, and weak institutional frameworks influence resource allocation, investor confidence, and sustainable investment sectors, particularly in developing economies. Research Design and Methodology: The research employs a qualitative systematic literature review (SLR) approach, synthesizing theoretical and empirical studies from credible sources such as Emerald, Springer, Elsevier, and Wiley. The SLR method allows for a comprehensive literature analysis to identify trends, gaps, and critical insights regarding financial instability and its broader implications. Findings and Discussion: The findings reveal that financial market instability disrupts capital allocation, weakens investor confidence, and significantly impacts sectors requiring stability, such as green equity markets and infrastructure. Institutional weaknesses exacerbate these effects, particularly in developing countries. Robust regulatory frameworks like Basel III are critical in mitigating instability, enhancing market resilience, and promoting long-term investments. However, the study identifies challenges in regulatory implementation and institutional capacity, emphasizing the need for targeted policy reforms and proactive risk management strategies. Implications: This research underscores the importance of strengthening institutional and regulatory frameworks to stabilize financial markets and foster sustainable economic growth. For practitioners, adopting risk management tools such as portfolio diversification and hedging is essential to protect investments from market volatility. Policymakers are encouraged to develop transparent and inclusive policies that enhance investor confidence and support sustainable investments in critical sectors.
Challenges of New Technology Adoption in Improving Company Growth and Competitiveness Tajuddin, Imran
Advances in Economics & Financial Studies Vol. 3 No. 1 (2025): October - January
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i1.458

Abstract

Purpose: This study examines the challenges and strategies of adopting new technologies to enhance organizational growth and competitiveness in the digital era. It focuses on identifying financial, skill-based, cultural, and external barriers and exploring practical approaches to overcoming them. Research Design and Methodology: A qualitative systematic literature review (SLR) method was employed, synthesizing findings from peer-reviewed articles and academic sources. This approach allowed for a comprehensive analysis of empirical and theoretical perspectives, integrating concepts from innovation diffusion, financial management, and organizational change theories. Findings and Discussion: The study identifies financial constraints, skill gaps, resistance to change, and external factors such as regulatory challenges and inadequate digital infrastructure as critical barriers to technology adoption. It highlights the dynamic interactions among these barriers, revealing how they collectively influence organizational readiness for digital transformation. Strategies such as pilot testing, portfolio diversification, continuous employee training, and regulatory alignment are discussed as essential for overcoming these challenges. The findings also emphasize the role of advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and cloud computing in driving operational efficiency, innovation, and market competitiveness. Implications: The research contributes to academic discourse by offering a holistic framework for understanding technology adoption challenges. Practically, it provides actionable insights for organizations to foster a culture of innovation and align technological initiatives with business goals. Policymakers are urged to invest in digital infrastructure and create supportive regulations to facilitate sustainable digital transformation.
Strengthening Cybersecurity Protocols to Safeguard U.S. Financial Infrastructure Against Emerging Threats Alam, Md Ashraful; Sarna, Sanjida Akter; Rakibuzzaman, Md; Reza, Jafrin
Advances in Economics & Financial Studies Vol. 3 No. 2 (2025): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v3i2.506

Abstract

Purpose: This study examines the escalating cybersecurity threats facing the U.S. financial sector between 2020 and 2025, with a focus on identifying emerging attack patterns and proposing strategic responses to protect critical financial infrastructure. Research Design and Methodology: This study employs a mixed-methods approach, combining qualitative analysis of high-profile cyber incidents, such as ransomware and Advanced Persistent Threats (APTs), with quantitative data from cybersecurity reports and institutional records. The methodology includes expert interviews, case study reviews, and statistical analysis to assess the effectiveness of cybersecurity measures. Findings and Discussion: The research reveals that ransomware and advanced persistent threats (APTs) have resulted in significant financial losses, operational disruptions, and reputational damage for financial institutions. The adoption of advanced encryption technologies, Zero Trust Architecture (ZTA), and AI/ML-based threat detection was found to reduce the impact of breaches significantly. Moreover, institutions with integrated cybersecurity strategies and strong public-private collaboration demonstrated greater resilience against cyber threats. Implications: The study underscores the necessity for adaptable, multi-layered cybersecurity frameworks that extend beyond mere compliance. Practical recommendations include ongoing employee training, investment in advanced security systems, and enhancing collaboration with regulatory agencies. These findings provide a roadmap for institutional leaders and policymakers to reinforce the stability and security of the financial sector.

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