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Contact Name
Mochamad Nashrullah
Contact Email
Nashrul.id@gmail.com
Phone
+6285745063538
Journal Mail Official
Nashrul.id@gmail.com
Editorial Address
Kavling Banar, Pilang, Sidoarjo, Jawa Timur
Location
Unknown,
Unknown
INDONESIA
IJEFSD
ISSN : 26154021     EISSN : 26206269     DOI : https://doi.org/10.31149/ijefsd.v7i1
Core Subject : Economy,
International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while considering sustainability. IJEFSD welcomes all well-developed papers exploring areas of economics and finance including papers in area of sustainable development. Moreover, the journal accepts research articles based but concerning a topic of interest in the field of sustainability whilep pointing out fields, such as, economics, marketing, business, management, sociology and and other related ones.
Articles 767 Documents
THE ROLE OF INTERNATIONAL HUMAN RESOURCE MANAGEMENT PRACTICES IN ADDRESSING JOB ALIENATION: AN ANALYTICAL STUDY OF THE OPINIONS OF A SAMPLE OF EMPLOYEES AT ZAIN IRAQ Sahar Jabbar Rahman
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5745

Abstract

This study seeks to examine the impact of international human resource management strategies on mitigating job alienation among employees in multinational corporations in Iraq. The research used a descriptive-analytical methodology and utilized a questionnaire as the primary instrument for data collection from a sample of 75 employees at Zain Iraq firms. The data were examined using the SPSS V29 software for fundamental statistical tests and the AMOS V29 software for structural equation modeling (SEM) analysis. Utilization of Structural Equation Modeling (SEM) to evaluate causal linkages among variables. International human resource management strategies include six primary dimensions: recruiting, training and development, performance assessment, compensation and incentives, leadership, and organizational communication, while job alienation is singular in nature. The findings indicated a substantial link and influence between multinational human resource practices and degrees of work alienation. Enhancing training, communication, and organizational equity mitigates feelings of alienation and fosters belonging and work satisfaction, while insufficient transparency in performance assessments and salary discrimination exacerbates isolation and detachment. The report advocates for the implementation of a national plan for international human resource management in Iraq, based on principles of justice, cultural empowerment, and the advancement of communication and collaborative training methods to foster trust and organizational loyalty.
MACROECONOMIC VOLATILITY, SECURITY ALLOCATIONS, AND MATERNAL MORTALITY IN NIGERIA: A VECTOR ERROR CORRECTION APPROACH Sophia Maimuna John
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5751

Abstract

The intersection of fiscal reallocations driven by internal security threats and open-economy monetary shocks presents a profound policy challenge for resource-dependent developing nations. While traditional public health literature focuses heavily on clinical or micro-level institutional determinants of maternal death, it frequently overlooks the macro-fiscal and monetary transmission channels that dictate real health-resource efficacy. This study empirically investigates the extent to which exchange rate depreciation mediates or exacerbates the relationship between military expenditure and maternal mortality in Nigeria. Utilizing annual time-series data spanning from 2000 to 2024, the study employs a rigorous Vector Error Correction Model (VECM) under the Johansen cointegration framework to separate long-run structural equilibria from short-run dynamic innovations among uniformly integrated I (1) series. The long-run normalized structural equation reveals a stark dual-threat mechanism affecting maternal health. First, military expenditure exhibits a statistically significant positive elasticity (β= 0.245), validating the Samuelsonian "Guns versus Butter" hypothesis where rising security funding systematically crowds out nominal social budgets. Second, exchange rate depreciation exerts a significant positive effect on the maternal mortality ratio (β= 0.188), confirming an intense import-dependence pass-through mechanism. Because Nigeria relies on imports for over 70% of its medical inputs, currency devaluation functions as a severe cost-push supply shock that prices vulnerable demographics out of obstetric care. The Error Correction Term (ECTt-1 = -0.385) indicates that while the system maintains long-run stability, short-run shocks to defense and currency values take approximately 2.6 years to resolve, leaving pregnant populations highly exposed in the interim. To mitigate these macro-structural hazards, Nigeria must establish ring-fenced fiscal buffers for maternal healthcare that are legally insulated from defense reallocations. Additionally, policymakers should deploy targeted counter-cyclical foreign exchange subsidies for essential medical imports and aggressively incentivize vertically integrated domestic pharmaceutical manufacturing to decouple human capital survival from external monetary volatility.
Analysis of the Role of BSI Gold Pawn and Gold Installment Products in Increasing Sharia Financial Inclusion: An SDGs Perspective Ninda Ardiani; Lathifatul Khoirun Nisa
International Journal on Economics, Finance and Sustainable Development Vol. 7 No. 3 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v7i3.5764

Abstract

This study was conducted to examine the role of Bank Syariah Indonesia's (BSI) Gold Pawn and Gold Installment products in increasing Islamic financial inclusion and helping achieve SDGs Goal 8 on Decent Work and Economic Growth. The study was conducted using a qualitative approach through a case study at BSI KCP Sidoarjo Cemengkalang, with data sources consisting of interviews with pawn officers, marketing, and Branch Managers, as well as secondary data such as BSI's annual report, OJK publications, SNLIK, and national media coverage. The Gold Pawn product aims to meet the short-term liquidity needs of the community, especially MSMEs, while the Gold Installment product tends to be positioned as a real asset-based investment instrument. The continuous growth of BSI's gold business reflects the strengthening credibility of Islamic financial products. Overall, both products play a role in encouraging inclusive economic growth, empowering MSMEs, and improving community welfare in a sustainable manner.
THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE ON FIRM VALUE WITH GOOD CORPORATE GOVERNANCE AS A MODERATING VARIABLE Amanda Ragellia Putri; Duwi Rahayu
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5765

Abstract

This study aims to analyze the influence of Corporate Social Responsibility and financial performance on firm value, with Good Corporate Governance serving as a moderating variable. The study employs a quantitative method using secondary data from energy sector companies listed on the Indonesia Stock Exchange for the period 2021– 2024. The research sample was obtained through purposive sampling, comprising 75 data after outlier removal. Data analysis was conducted using multiple linear regression with SPSS software. The results indicate that CSR does not affect firm value, whereas financial performance has a negative effect on firm value. The Board of Directors moderates the effect of CSR positively and that of financial performance negatively on firm value. The Independent Board of Commissioners moderates the negative influence of CSR and the positive influence of financial performance, while the Audit Committee is unable to moderate the influence of CSR but is able to moderate the influence of financial performance on firm value. This study is expected to serve as a reference for companies and investors in understanding the factors that influence firm value.
THE IMPACT OF ESG DISCLOSURE, COMPETITIVE ADVANTAGE, AND CASH HOLDING ON FINANCIAL PERFORMANCE AND FIRM VALUATION Eny Maryanti; Ayu Faizatul Machmuda
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5766

Abstract

This study examines the influence of Environmental, Social, and Governance (ESG) Disclosure, Competitive Advantage, and Cash Holding on Financial Performance and Firm Value. Quantitative methods were used with secondary data from 50 companies listed on the Indonesia Stock Exchange for the 2020-2024 period. The analysis was conducted using multiple linear regression. The results show that Cash Holding have a significant positive effect on Financial Performance and Firm Value. ESG Disclosure has no significant effect on Financial Performance or Firm Value, indicating that ESG practices are not yet a primary consideration for investors. Competitive advantage has a significant positive effect on financial performance, but not on firm value, indicating that competitive advantage has a greater impact on a company's internal operational efficiency than on market perceptions of firm value. This finding confirms that sustainability initiatives have not yet had a direct financial impact, while a strong competitive position has a significant impact on firm performance. This study provides important insights for managers and investors in decision making.
THE IMPACT OF BOUNDARY SPANNING ON THE STAGES OF CRISIS MANAGEMENT: THE MEDIATING ROLE OF ARTIFICIAL INTELLIGENCE – A FIELD STUDY AT THE DIYALA GOVERNORATE OFFICE Faeq Khudr Mutab; Ahmed Samir Nayef Al-Thabit
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5781

Abstract

This research aims to demonstrate the impact of Boundary Spanning processes on crisis management phases through the mediating role of artificial intelligence, specifically within the Diyala Governorate Office. The research stems from a central problem: the extent to which Boundary Spanning processes, with their dimensions of surveying, monitoring, prediction, and evaluation, can enhance crisis management phases—namely, early warning and detection, preparedness and prevention, crisis containment, recovery, and organizational learning—when employing artificial intelligence technologies. The research adopted a descriptive-analytical approach, deemed the most suitable for the nature and objectives of the study. It also utilized a quantitative approach through a questionnaire and a qualitative approach through semi-structured interviews and analysis of official documents. The research population consisted of 293 employees of the Diyala Governorate Office. A questionnaire, designed based on existing literature and previous studies, was used to measure the research variables and test the hypotheses. The research reached a number of conclusions, most notably the existence of a statistically significant correlation and influence between Boundary Spanning processes and crisis management phases, as well as a correlation and influence between artificial intelligence and crisis management phases. The results also showed that artificial intelligence plays a significant mediating role in enhancing the impact of Boundary Spanning processes during crisis management phases. The research concluded that the integration of Boundary Spanning processes and artificial intelligence technologies represents a modern strategic approach that can contribute to enhancing the preparedness of the Diyala Governorate Office to face crises and transitioning from reactive to proactive management based on prediction and intelligent data analysis.
THE QUANTUM SHIFT: REIMAGINING ENTREPRENEURSHIP IN A NON-LINEAR WORLD Victor Obasse; Taiye Adefemi Bamidele; Ifeanyi Ogbebor
International Journal on Economics, Finance and Sustainable Development Vol. 8 No. 3 (2026): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i3.5783

Abstract

Entrepreneurship has often been framed as a linear pursuit grounded in prediction, planning, and controlled progression from idea to execution, yet this framing no longer aligns with the realities of contemporary environments shaped by uncertainty, interdependence, and rapid technological and societal change. This article develops a conceptual argument for a quantum shift in entrepreneurial thinking. The quantum shift describes a movement away from deterministic assumptions towards a more fluid, relational, and adaptive understanding of entrepreneurial activity, drawing on insights from complexity science, systems thinking, and digital transformation. Entrepreneurship is presented as a dynamic practice embedded within evolving networks of actors, technologies, and institutions, where opportunities emerge through interaction rather than through linear discovery. Illustrative cases demonstrate how non linear conditions reshape opportunity formation, strategic decision making, and value creation. The article proposes a conceptual framework that captures the essence of quantum entrepreneurship and outlines its implications for theory, practice, and policy.

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