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Journal of Management, Economic, and Financial
ISSN : -     EISSN : 29866863     DOI : https://doi.org/10.46799/jmef.v2i3
The Journal of Management, Economic, and Financial is a double-blind peer review and open access academic journal. This journal is a scientific magazine published six issues per year has published its first issue in 2022 with e-ISSN 2986-6863. The journal publishes research papers, technical papers, conceptual papers, and case study reports in the Management, Economics, and Finance families. The Journal of Management, Economic, and Financial facilitates researchers and academics to publish their scientific manuscripts and support the development of research culture in Indonesia. The journal publishes research articles covering economics and business, which include: Finance and Banking, Econometric Applications, Time Series Econometrics, Cross-sectional Data Econometrics, Panel Data Econometrics, Financial Econometrics, International Trade and Development, Tourism Economics, Business Economics, Microfinance, International Finance, Economics, Finance, and Education Management, Management, Marketing, Human Resources, Organizations, Maznagement Information Systems.
Articles 134 Documents
The Role of Artificial Intelligence in Systemic Risk Management: A Financial Market Perspective of Emerging and Developed Countries Yuningrat, Nova
Journal of Management Economic and Financial Vol. 3 No. 2 (2025): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v3i2.168

Abstract

The development of Artificial Intelligence (AI) technology has brought significant changes in the global financial sector, especially in the context of systemic risk detection and mitigation. The complexity of financial market integration and the experience of previous global crises demonstrate the urgency of leveraging AI to strengthen the resilience of the financial system. This study aims to analyze the role of AI in systemic risk management by comparing its implementation in developed and developing countries. The research method uses a systematic literature review (SLR) approach enriched with bibliometric analysis to identify global research patterns, as well as comparative analysis to compare practices between the two groups of countries. Secondary data is obtained from academic articles, reports of international institutions, and financial risk indicators such as the Volatility Index (VIX), Capital Adequacy Ratio (CAR), and Non-Performing Loan Ratio (NPL). The results show that AI consistently improves the accuracy of systemic risk detection by up to 40% compared to traditional models. Developed countries are emphasizing the use of AI in the framework of macroprudential supervision, supported by adaptive regulations and mature data infrastructure. In contrast, developing countries are leveraging AI primarily for micro-risk management, such as credit risk and liquidity, but still face regulatory limitations, data infrastructure, and human resources. The main findings of this study confirm the gap in AI implementation between developed and developing countries, while demonstrating the urgency of international collaboration for regulatory harmonization and cross-border data exchange. This research contributes to the literature by presenting a cross-border comparative perspective, as well as providing policy recommendations that emphasize AI transparency, strengthening data infrastructure, and global cooperation to strengthen financial stability in the digital age.
HYBRID WORK AND ITS IMPACT ON EMPLOYEE PRODUCTIVITY AND WELL-BEING IN TECHNOLOGY COMPANIES putri, Fitri ayu triana
Journal of Management Economic and Financial Vol. 2 No. 3 (2024): Special Issue
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i3.169

Abstract

The development of digital technology has encouraged the emergence of hybrid work models as a new strategy in managing human resources, especially in the technology sector. This model combines the flexibility of remote work with the need for face-to-face interaction in the office. This study aims to analyze the impact of hybrid work on employee productivity and well-being in technology companies in Indonesia. The research method uses a quantitative approach with a survey of 120 respondents who work in digital-based technology companies. Data were analyzed using multiple linear regression to test the influence of hybrid work variables on employee productivity and well-being. The results of the study show that the implementation of hybrid work has a positive and significant effect on employee productivity through increasing time flexibility, work efficiency, and workload management. In addition, employee welfare also increases, characterized by a decrease in work stress levels, an increase in work-life balance, and the creation of better job satisfaction. This research provides the implication that hybrid work can be used as an effective human resource management strategy to face the challenges of the digital era, while supporting the achievement of company goals.
ENTREPRENEURIAL RESILIENCE OF MSMES IN FACING GLOBAL ECONOMIC UNCERTAINTY: A CASE FROM INDONESIA Dayuni, Dayuni
Journal of Management Economic and Financial Vol. 2 No. 3 (2024): Special Issue
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i3.170

Abstract

In the midst of global economic uncertainty marked by market fluctuations, geopolitical crises, and supply chain disruptions, Micro, Small, and Medium Enterprises (MSMEs) are required to have entrepreneurial resilience in order to survive and grow. This study aims to analyze the factors that shape the resilience of MSME entrepreneurs in Indonesia and the adaptation strategies they carry out in the face of economic uncertainty. Using a mixed-method approach, quantitative data was collected from 200 MSME actors through a structured survey, while in-depth interviews were conducted with 10 MSME owners from various business sectors. The research focus includes managerial capabilities, product innovation, business digitalization, and social networks as the main dimensions of resilience. The results show that MSMEs that actively adopt digital technology, strengthen business network collaboration, and invest in product innovation tend to be more resilient in the face of external pressures. In addition, government policy support and access to financing are external factors that strengthen the adaptation capacity of MSMEs. This research contributes to the literature by presenting empirical evidence on the resilience of MSME entrepreneurship in developing countries. Practically, this study offers strategic recommendations for MSME actors, policymakers, and financial institutions to strengthen the resilience of Indonesian MSMEs in facing global challenges.
DIGITAL TALENT MANAGEMENT STRATEGIES FOR ENHANCING ORGANIZATIONAL AGILITY IN MANUFACTURING FIRMS Puspita, Gina
Journal of Management Economic and Financial Vol. 2 No. 3 (2024): Special Issue
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i3.171

Abstract

In the era of rapid digitalization, manufacturing companies are facing pressure to improve organizational agility to remain competitive and responsive to market dynamics. This research aims to analyze how digital talent management strategies can improve organizational agility in manufacturing companies. Using a mixed-method approach, quantitative data was collected from 150 employees through a structured survey, while in-depth interviews were conducted with HR managers from leading manufacturing companies in Indonesia. Research focuses include key digital HR practices, including digital recruitment, e-learning platforms, performance analysis, and workforce planning tools. The results show that organizations that implement a comprehensive digital talent management strategy experience a significant increase in flexibility, responsiveness, and adaptability. In addition, the integration of digital HR initiatives with the organization's strategic planning strengthens the alignment between human resource capabilities and organizational goals. This study contributes to the literature with empirical evidence on the relationship between digital HR practices and organizational agility in emerging markets. In practical terms, the study offers recommendations for HR managers and executives to design and implement digital talent strategies that improve workforce performance, support innovation, and facilitate rapid decision-making. These results confirm the crucial role digital talent management plays in building resilient manufacturing organizations that are able to maintain a competitive advantage in a complex and volatile business environment
CRYPTOCURRENCY VOLATILITY AND ITS SPILLOVER EFFECTS ON ASEAN STOCK MARKETS Komarudin, Komarudin; Magfiroh, Diana
Journal of Management Economic and Financial Vol. 2 No. 3 (2024): Special Issue
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i3.172

Abstract

AbstractThe increasingly strong integration of global financial markets has increased the influence of cryptocurrency dynamics on the traditional financial system. The study analyzed the volatility of major cryptocurrencies—particularly Bitcoin and Ethereum—and their spillover effects on ASEAN stock markets, including Indonesia, Malaysia, Thailand, Singapore, and the Philippines. Using daily data for the period 2018–2024, this study applied the GARCH-BEKK multivariate model combined with the Diebold–Yilmaz spillover index to capture the transmission of volatility between markets. The results show that there is a significant two-way spillover effect between cryptocurrencies and ASEAN stock indices, with Bitcoin having a stronger influence than Ethereum. The intensity of volatility transmission is proven to be higher in periods of global economic uncertainty, such as the COVID-19 pandemic and the post-pandemic recovery phase. These findings confirm the growing linkage between digital assets and traditional equity markets in developing countries. The contribution of this research lies in the empirical evidence regarding the financial contingency channels between cryptocurrencies and the ASEAN capital market that are still rarely explored. From a practical perspective, the results of this study have implications for portfolio diversification, risk management strategies, and regulatory frameworks in the region. Policymakers and investors are advised to more closely monitor cryptocurrency developments as part of macroprudential surveillance and investment decision-making in ASEAN financial markets
ARTIFICIAL INTELLIGENCE ADOPTION AND ITS IMPACT ON BUSINESS PERFORMANCE: EVIDENCE FROM SOUTHEAST ASIA Savandha, SeptienDwi
Journal of Management Economic and Financial Vol. 2 No. 2 (2024): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i2.173

Abstract

DIGITAL FINANCIAL INCLUSION AND HOUSEHOLD WELFARE: EVIDENCE FROM RURAL INDONESIA Amelia, Amelia
Journal of Management Economic and Financial Vol. 2 No. 2 (2024): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i2.174

Abstract

SUSTAINABLE FINANCE AND CORPORATE RESILIENCE: EVIDENCE FROM ASEAN COUNTRIES Syafii, Akhmad
Journal of Management Economic and Financial Vol. 2 No. 2 (2024): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i2.175

Abstract

THE NEXUS BETWEEN LEADERSHIP STYLES, ORGANIZATIONAL CULTURE, AND FINANCIAL OUTCOMES safii, Nur Muhamad
Journal of Management Economic and Financial Vol. 2 No. 2 (2024): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v2i2.176

Abstract

Leadership and culture organization is two factor strategic that influences performance finance company . However , the findings empirical related connection both of them Still diverse , especially in Indonesian context . Research This aim For analyze influence style leadership to culture organization and results finance , as well as test role mediation culture organization in the company medium and large enterprises in Indonesia. Research This use approach quantitative explanatory with method survey . Primary data was collected through questionnaire to 220 managers middle and upper class , while secondary data originate from report finance company . Analysis done with Structural Equation Modeling (SEM) using SmartPLS . Research results show that (1) style leadership influential positive significant to culture organization ; (2) style leadership influential direct to results finance , although its influence relatively small ; (3) culture organization influential significant to results finance ; and (4) culture organization mediate connection between style leadership and results finance . Research This confirm that leadership transformational play a role important in form culture adaptive organization , which in turn increase profitability company . Implications study This emphasize importance investment company in development leadership and transformation culture organization as an improvement strategy Power competitiveness and sustainability business in Indonesia.
A Phenomenological Exploration Impact of Work-Life Balance and its Implications for the Creativity and Productivity of Gen Z Entrepreneurs Christy, Albertha Septya; Prawihatmi, Chatarina Yekti
Journal of Management Economic and Financial Vol. 3 No. 6 (2025): Journal of Management, Economic and Financial
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jmef.v3i6.178

Abstract

Indonesian Gen Z workers face challenges in achieving a Work-Life Balance (WLB) due to digitalization, flexibility, and dynamic socio-economic interactions. The purpose of this study is to investigate how Gen Z workers understand and manage their work-related lives and how WLB affects their creativity and productivity. The methodology employed is transcendental phenomenology, which analyzes the lived experiences of Gen Z business owners (both active and passive), providing a key piece of information in the field of business psychology. Open questionnaires and semi-structured interviews are used to gather the data, which is then manually coded thematically according to Moustakas's (1994) methodology. The results indicate that WLB is a kind of self-regulation strategy that enhances intrinsic motivation and creative productivity. The three main themes discussed are (1) balance as self-regulation and productivity strategy, (2) the digital paradox between flexibility and technology, and (3) the maturity of experience in observing life balance. This integrates the theories of Resource-Based View (RBV), Self-Determination Theory (SDT), and Componential Theory of Creativity, stating that WLB is a strategic psychological approach that increases creativity and productive work.