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Ascendia: Journal of Economic and Business Advancement
Published by CV SCRIPTA INTELEKTUAL MANDIRI
ISSN : 31108229     EISSN : 31106994     DOI : 10.65310
Core Subject : Economy,
Economics, Econometrics & Finance
Ascendia: Journal of Economic and Business Advancement is a peer-reviewed academic journal dedicated to the dissemination of high-quality research in economics, management, accounting, and business. The journal provides an open platform for researchers, scholars, practitioners, and academics to publish original empirical studies, theoretical analyses, and applied research that contribute to economic development and business innovation. Ascendia welcomes manuscripts on a wide range of topics, including economic policy, financial management, entrepreneurship, organizational behavior, business strategy, marketing, and sustainable economic growth. All submissions undergo a rigorous double-blind peer-review process to ensure scholarly integrity, originality, and academic excellence. Published quarterly in March, June, September, and December, Ascendia aims to foster intellectual exchange and promote forward-looking insights that drive progress in economic and business disciplines at both national and international levels.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 45 Documents
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Corporate Ethics and Sustainable Governance in ASEAN: The Role of ESG Practices in Enhancing Long-Term Competitiveness Virginia Grace Yvonne Waruwu; Marisa Meilano Rizki
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/jg782s91

Abstract

This study examines the critical relationship between corporate ethics, Environmental, Social, and Governance (ESG) practices, and sustainable competitiveness among ASEAN corporations. As regional economies transition toward responsible capitalism, ethical governance has emerged as a strategic determinant of long-term value creation. Using a qualitative-comparative approach supported by secondary data, the research analyzes regulatory developments, ESG disclosure performance, and governance maturity across six ASEAN countries. The findings reveal that firms with strong ethical foundations and integrated ESG frameworks achieve higher investor confidence, enhanced transparency, and superior market resilience. Singapore and Malaysia lead in governance and ESG adoption, while emerging markets like Indonesia, Vietnam, and the Philippines demonstrate rapid institutional progress. The study highlights that ethical consistency and ESG integration function as dual catalysts for reducing operational risks, improving innovation capacity, and fostering social legitimacy. ASEAN’s movement toward harmonized sustainability governance signifies a structural realignment of corporate identity, positioning ethics and ESG as central pillars of sustainable regional competitiveness
Corporate Sustainability and Strategic Adaptation in Emerging Markets: Evidence from Sustainability and Annual Reports Bunga Dwi Fani Ritonga
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/nfdfzz07

Abstract

This study examines how corporations in emerging markets articulate and implement strategic adaptation to sustainability imperatives through evidence drawn from sustainability and annual reports. Using a qualitative content analysis of corporate documents published between 2020 and 2024, the research identifies patterns in disclosure practices, governance adaptation, and sustainability-linked financing. The findings reveal that although sustainability disclosures have become increasingly common, substantial heterogeneity persists in the depth of strategic integration and operational execution. Firms that embed sustainability objectives into governance structures, performance targets, and financing mechanisms demonstrate higher strategic maturity and resilience. The results also indicate that emerging-market corporations are progressively aligning with international reporting frameworks such as ISSB and EFRAG, signaling a broader institutional transformation. Overall, corporate documentation provides a valuable lens through which to observe the transition of emerging-market firms from symbolic reporting toward substantive strategic adaptation that integrates sustainability into long-term business competitiveness.
Manajemen Strategis Koperasi Siswa sebagai Platform Pembelajaran Kewirausahaan di Sekolah Menengah: Studi Kasus di SMA Negeri 1 Palimanan Ahmad Habibbullah; Yohana Ersi
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/p2x04m55

Abstract

This study examines the strategic management of student cooperatives as a platform for entrepreneurial learning in secondary education, focusing on SMA Negeri 1 Palimanan, Indonesia. The research employs a qualitative descriptive approach to explore how planning, organization, implementation, and evaluation processes contribute to cooperative effectiveness and student skill development. Data were collected through observation, interviews, and documentation, then analyzed using Miles and Huberman’s model. Findings reveal that strategic management practices—supported by collaborative decision-making, transparent financial governance, and regular performance evaluations enhance both operational performance and entrepreneurial competence among students. The cooperative recorded an average annual sales growth of 30%, a 91% participation rate, and balanced profit distribution, indicating effective management and sustainability. Student involvement fosters leadership, teamwork, accountability, and innovation as integral parts of experiential learning. The study concludes that student cooperatives, when managed strategically, serve not only as economic entities but also as practical laboratories for entrepreneurial education that align with the goals of modern, character-based schooling
Ekonomi Berbagi dan Disrupsi Pasar Transportasi di Indonesia: Kajian Literatur atas Peran Transportasi Online dalam Transformasi Ekonomi Galih Adi Sulistyo; Maudhy Satyadharma
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/afd8tq27

Abstract

This study aims to analyze the role of online transportation in the context of the sharing economy and its impact on economic and social transformation in Indonesia. The method used is a literature review with a narrative approach that integrates empirical research results from various national and international indexed sources. The results of the study show that online transportation, through platforms such as Gojek, Grab, and Maxim, has created new jobs, increased digital inclusion, and expanded the participation of low-income communities in the digital economy. On the other hand, the disruption caused has put pressure on the conventional transportation sector due to a shift in consumer preferences towards fast, efficient, and transparent services. The adaptation of traditional players through digital collaboration and government policies is a key factor in maintaining the balance of the national transportation ecosystem. The overall results show that online transportation functions not only as an instrument of mobility but also as a catalyst for socio-economic transformation that drives inclusive growth, community empowerment, and the formation of new technology-based interaction patterns in the era of Indonesia's digital economy
Ekonomi Islam sebagai Paradigma Etis dalam Transformasi Bisnis Modern Berkelanjutan: Kajian Perbandingan dengan Ekonomi Konvensional M. Ferdiyan; Anisah Harahap
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/7q990r40

Abstract

This study analyzes the comparison between Islamic economic principles and conventional economics in shaping a modern business paradigm that is ethical and sustainable. Through a qualitative approach based on literature review, this study identifies differences in value orientation, financial structure, and social implications of the two economic systems. The results show that Islamic economics, with its principles of maqashid sharia, distributive justice, and prohibition of usury, is capable of creating a more inclusive business model oriented towards social welfare. Data from the OJK, Bank Indonesia, and the Islamic Development Bank show an average growth of 9% per year in sharia assets and an increase in the MSME financing ratio to 71%. Meanwhile, the conventional economy is still dominated by short-term profit logic that often disregards ethical values and social balance. This study emphasizes that the integration of Islamic values into modern economic policy can be a strategic solution to realize a sustainable business system that is in line with the principles of justice and universal welfare.
Analisis Konseptual Tata Kelola dan Tindak Lanjut Pengelolaan Pondok Pesantren Bani Huzaifah dalam Meningkatkan Transparansi dan Akuntabilitas Annisa Annisa; Nur Aznisyah; Masyhuri Masyhuri
Journal of Economic and Business Advancement Vol. 1 No. 2 (2025): December: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/jd1kyp16

Abstract

This study conceptually examines the governance and follow-up management of the Bani Huzaifah Islamic Boarding School in order to strengthen the transparency and accountability of the institution, given the increasing public demand for information disclosure and administrative order in religious educational institutions. The approach used is descriptive qualitative based on literature study, with data sources in the form of regulations from the Ministry of Religious Affairs, pesantren institutional documents, and previous studies related to pesantren management, good governance, internal audit, and public accountability. The results of the study show that many Islamic boarding schools, including Bani Huzaifah, still face challenges in the form of simple financial records, limited administrative human resources, minimal use of technology, and weak documentation and follow-up monitoring mechanisms. The discussion emphasizes the importance of strengthening organizational structures, developing SOPs, implementing digital systems, and conducting continuous audits balanced with stakeholder involvement. This study concludes that modern, documented, and value-based pesantren governance is a key prerequisite for transparency and accountability, which can enhance public legitimacy and institutional sustainability.
Harta sebagai Amanah dalam Akuntansi Syariah: Implikasi Konseptual terhadap Pengakuan, Pengukuran, dan Pengungkapan Nilai Riski Fadilah; Muhammad Abrar; Masyhuri Masyhuri
Journal of Economic and Business Advancement Vol. 1 No. 2 (2025): December: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/yg8rcj81

Abstract

This study discusses assets as a trust in Islamic accounting and its implications for the recognition, measurement, and disclosure of asset values. In Islamic tradition, assets are not merely the property of individuals, but rather a trust that must be managed responsibly for the benefit of the community, so that Islamic accounting requires a different conceptual approach from conventional accounting. This study uses a descriptive qualitative approach with literature review and conceptual analysis, examining primary and secondary literature related to the principles of trust, ownership, and sharia reporting practices. The results of the study show that asset recognition must consider normative ownership and social functions, asset measurement needs to integrate financial dimensions and social benefits, while the disclosure of trust asset values is still low, as seen in waqf institutions, where only 2.08% publish financial reports. In conclusion, sharia accounting serves as an instrument of transparency and accountability that combines economic, ethical, and social values, so that assets can be managed fairly and responsibly in accordance with sharia principles.
Analisis Tantangan dan Peluang Pengembangan Akuntansi Syariah Untuk Meningkatkan Kinerja UMKM di Indonesia Rais Abrar Syam; Nur Afinah Syakilah; Masyhuri Masyhuri
Journal of Economic and Business Advancement Vol. 1 No. 2 (2025): December: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/jmh1zf06

Abstract

This study aims to analyze the challenges and opportunities of developing Islamic accounting in improving the performance of MSMEs in Indonesia, given the strategic role of MSMEs as the backbone of the national economy and the urgent need for a financial management system that is transparent, accurate, and in accordance with Islamic principles. The research uses a descriptive qualitative approach with a literature review method to collect and analyze literature related to the application of Islamic accounting, implementation constraints, and relevant development strategies for MSMEs. The results of the study show that although MSMEs have begun to adapt to digitalization, the majority still use manual recording and face obstacles in literacy, costs, infrastructure, and understanding of sharia principles, while implementation opportunities arise from MSME interest, support from sharia financial institutions, access to halal markets, digitalization, and support networks. In conclusion, the development of Islamic accounting integrated with literacy, technology, and institutional collaboration strategies can improve the professionalism, transparency, and financial performance of MSMEs in a sustainable manner, while strengthening the legitimacy of businesses in modern and halal markets.
Analisis Faktor Keberhasilan QRIS dalam Menciptakan Era Pembayaran Digital di Kota Medan MHD Fajar Nasution; Nabeel Al Fattah Yusuf; Novitasari Novitasari
Journal of Economic and Business Advancement Vol. 1 No. 2 (2025): December: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/deyw8s45

Abstract

The development of the digital economy in Indonesia has driven the need for an efficient cashless payment system, with the Quick Response Code Indonesian Standard (QRIS) emerging as a solution to simplify transactions for consumers and MSMEs, particularly in the city of Medan. This study uses a qualitative-descriptive approach through literature review and secondary documentation, with data analysis from journals, official reports, and related publications to identify the success factors of QRIS without collecting primary data. The results of the analysis show that the adoption and penetration of QRIS among MSMEs and consumers are driven by ease of use, transaction speed, and system security, while external factors such as digital infrastructure, community literacy, local economic characteristics, and government policies strengthen implementation at the local level. This combination of internal and external factors creates an inclusive, efficient, and sustainable digital payment ecosystem. This study concludes that the success of QRIS in Medan depends on the synergy between system quality, user behavior, and socio-economic and regulatory support, thereby promoting optimal digital transformation and financial inclusion.
Analisis Manajemen Risiko Operasional Berdasarkan Rasio Likuiditas dan Aktivitas pada PT Mayora Indah Tbk Tahun 2024 Inka Niq Masuru; Natalie Mawar Desember; Rifdah Nirmala Sari; Zavicka Alamanda Rizvisal; Alvianus Kristian Sumual
Journal of Economic and Business Advancement Vol. 1 No. 2 (2025): December: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/86jgkw02

Abstract

This study analyzes the operational risk management of PT Mayora Indah Tbk in 2024, focusing on liquidity, operational efficiency, and capital structure. The data were sourced from the company’s annual financial statements and analyzed using short-term and long-term financial ratios as well as activity ratios. The results show that the current ratio decreased from 3.67 in 2023 to 2.65 in 2024, while the quick ratio dropped from 2.78 to 1.79, indicating high reliance on inventory and potential short-term liquidity issues. Cash flow ratios to current and total liabilities showed negative values, reflecting an imbalance between cash inflows and outflows. Nevertheless, activity ratios improved, with receivables turnover increasing from 4.76 to 5.45 times and inventory turnover from 4.62 to 5.56 times, reflecting effective operational management. Long-term analysis revealed an increase in total debt to total assets from 0.36 to 0.42, although the capital structure remained stable. The study confirms that while PT Mayora Indah Tbk efficiently manages current assets and operational activities, short-term operational risk is elevated due to declining liquidity and negative cash flows.

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