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Contact Name
Aslan
Contact Email
aslanalbanjary066@gmail.com
Phone
+6285245268806
Journal Mail Official
aslanalbanjary066@gmail.com
Editorial Address
Jalan. H. Muckhsin Dusun Tanjung Mentawa, Tanjung Mekar Sambas Village, West Kalimantan, Indonesia
Location
Kab. sambas,
Kalimantan barat
INDONESIA
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Published by CV. Adiba Aisha Amira
ISSN : -     EISSN : 30633648     DOI : Zenodo
Core Subject : Economy,
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing Management, Financial Management, Production/Operational Management, Strategic Management, Islamic Business Management, Halal Industry Management, Hajj and Umrah Management, Zakat and Waqf Management / Islamic Philanthropy, Tourism Management, Banking Management, Industrial Management, Agribusiness Management, Business Administration and financial management within the scope of organisations both banking, hospitality, and others.
Articles 444 Documents
THE EFFECT OF BRAND TRUST ON BRAND LOYALTY WITH BRAND LOVE AS A MEDIATOR Putu Adi Surya Prayoga; Ni Wayan Ekawati
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 1 (2025): JULY
Publisher : CV. Adiba Aisha Amira

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Abstract

The fashion industry in Indonesia, particularly in Bali, has grown rapidly in recent years, driven by trends influenced by globalization. This development has led to the emergence of various local Balinese fashion brands competing in the market. One of these brands is Karung Jantan. This study aims to examine the mediating role of brand love in the influence of brand trust on brand loyalty among Karung Jantan consumers in Denpasar. The research is grounded in the Theory of Planned Behavior, which posits that individuals’ intentions drive their behavior, influenced by initial motivational factors. The study was conducted in Denpasar using purposive sampling. A total of 100 respondents were surveyed using offline questionnaires. Data were analyzed using path analysis with SPSS 24.0. The results support all hypotheses: brand trust has a positive and significant effect on brand loyalty; brand trust positively and significantly affects brand love; brand love positively and significantly influences brand loyalty; and brand love successfully mediates the relationship between brand trust and brand loyalty.
DETERMINANTS OF INCOME OF FISH PROCESSING MSME ACTORS IN PENGAMBENGAN VILLAGE, JEMBRANA REGENCY Virgiana Laksita Pramesti; Ni Nyoman Yuliarmi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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The fisheries sector is one of the leading sectors in Bali Province and serves as the backbone of the local economy in Pengambengan Village, Jembrana Regency, Bali. However, it has not yet been optimally developed. This study aims to analyze the simultaneous and partial effects of business capital, education level, technology, raw materials, and working hours on the income of MSME actors in Pengambengan Village, Jembrana Regency. The research employs a quantitative associative approach with a sample of 58 fish-processing MSME actors selected through probability sampling using the simple random sampling method. Data were collected through observation and structured interviews. Data analysis was conducted using descriptive statistics, multiple linear regression, and classical assumption tests. The results of this study indicate that simultaneously, business capital, education level, technology, raw materials, and working hours have a significant effect on the income of fish-processing MSME actors. Partially, the variables of business capital, technology, raw materials, and working hours have a positive and significant effect on income, while the education level variable does not have a significant effect on income. The findings of this study imply the need for outreach regarding capital access and the use of marketing technology to enhance the productivity and welfare of fish-processing MSME actors in a sustainable manner
SYNERGY BETWEEN PUBLIC AND PRIVATE LAW IN REALISING A HEALTHY BUSINESS CLIMATE: A STUDY ON THE IMPLEMENTATION OF THE PRINCIPLE OF BALANCE IN NATIONAL ECONOMIC LAW Gunawan Widjaja; Dyah Ersita Yustanti; Rio Johan Putra
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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This study discusses the synergy between public and private law in creating a healthy business climate in Indonesia, with a focus on the implementation of the principle of balance in national economic law. The synergy between these two areas of law is key to creating an economic system that is fair, efficient, and responsive to the dynamics of the modern economy. The study employs a normative legal method with a legislative approach and literature review, analysing written legal norms as well as relevant doctrines and court rulings. The results of the study indicate that the implementation of the principle of balance is crucial for maintaining the proportion of rights and obligations of parties in economic legal relationships, whether in business agreements, commercial transactions, or macro-level regulations. However, its implementation still faces various challenges, such as unequal bargaining positions, low legal literacy, regulations that are not adaptive, and weak law enforcement. Proposed solutions include strengthening legal literacy, regulatory reform, enhanced oversight, and collaboration between the government, businesses, and the public. Thus, the synergy between public and private law and the implementation of the principle of balance are expected to create a healthy, fair, and sustainable business ecosystem in Indonesia.
BALANCE BETWEEN PUBLIC AND PRIVATE ASPECTS IN ECONOMIC LAW: AN ANALYSIS OF THE ROLE OF STATE REGULATION AND RELATIONS BETWEEN BUSINESS ACTORS IN INDONESIA Gunawan Widjaja; Dyah Ersita Yustanti; Rio Johan Putra
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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This study aims to analyse the balance between public and private aspects in economic law in Indonesia, with a focus on the role of state regulation and the dynamics of relationships between business actors. National economic law requires integration between the public interest represented by the state as regulator and the interests of individuals or business entities regulated through private contracts. Through a literature review approach, this study examines various laws and regulations, court decisions, and related scientific literature. The results of the study indicate that state regulation plays an important role in creating a healthy business climate, preventing monopolistic practices, and protecting the rights of consumers and small businesses. On the other hand, relationships between business actors are regulated within the framework of national economic law, which emphasises the principle of freedom of contract while still considering public interests. Synergy between state regulations, business actor compliance, and oversight by relevant institutions is key to creating a fair, inclusive, and sustainable business ecosystem in Indonesia.
THE EFFECT OF CREDIT RISK, LIQUIDITY RISK, AND OPERATIONAL RISK ON PROFITABILITY (A Study on Conventional Commercial Banks Listed on the Indonesia Stock Exchange) Ni Kadek Astanggi; I Gde Kajeng Baskara
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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Banks are institutions that function as financial intermediaries between parties with excess funds and those with a shortage of funds. The main objective of banks is to generate profit. Banks face various risks due to the involvement of public funds in their operational activities. These risks may lead to losses if not managed properly, and consequently affect the profits earned by the banks. This study aims to determine the effect of Credit Risk, Liquidity Risk, and Operational Risk on Profitability in Conventional Commercial Banks listed on the Indonesia Stock Exchange for the period 2021–2023. The data used is sourced from the financial data in each bank’s annual report and the website www.idx.co.id. The population in this study includes 43 Conventional Commercial Banks. The sampling technique used is purposive sampling, resulting in a sample of 33 banks. The analytical model employed is multiple linear regression analysis with simultaneous testing (F-test) and partial testing (T-test) using IBM SPSS Statistics 25. The results show that Credit Risk, Liquidity Risk, and Operational Risk simultaneously affect Profitability. The partial test results indicate that Credit Risk, Liquidity Risk, and Operational Risk have an influence on Profitability.
INDONESIAN CAPITAL MARKET REACTION TO THE 2024 PRESIDENTIAL ELECTION (A Study on the LQ45 Index at the Indonesia Stock Exchange) I Ketut Yoga Pradnyana Putra; I Gde Kajeng Baskara
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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The reaction of the capital market reflects how market participants respond to specific information or events, making it a crucial aspect for investors when formulating appropriate investment strategies. The presidential election is a political event that can create uncertainty and influence investors' decision-making. This study aims to analyze the reaction of the capital market to the 2024 Presidential Election (Pilpres) in Indonesia. Presidential elections are political events that can trigger uncertainty and influence investors' decision-making. This research employs an event study method with a six-day observation window: three days before and three days after the election date. The sample consists of stocks listed in the LQ45 Index on the Indonesia Stock Exchange, selected using purposive sampling. Expected returns are calculated using the mean-adjusted model, while the hypothesis is tested using the Wilcoxon Signed Rank Test. The findings reveal no significant difference in cumulative abnormal returns (CAR) before and after the 2024 Presidential Election. However, a significant difference is found in the average trading volume activity (TVA). These results suggest that the 2024 Presidential Election conveyed information deemed relevant by market participants, leading to increased trading activity. Nonetheless, the absence of significant price movement implies that the market had efficiently anticipated the political event, with the impact more reflected in trading intensity rather than stock valuation.
THE EFFECT OF CAPITAL ADEQUACY RATIO AND NON-PERFORMING LOANS ON LENDING, MODERATED BY INTEREST RATE (An Empirical Study on Commercial Banks Listed on the Indonesia Stock Exchange in 2018–2023) Kadek Yoni Adristi; I Nyoman Wijana Asmara Putra
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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This study aims to analyze the effect of the Capital Adequacy Ratio (CAR) and Non-Performing Loans (NPL) on loan disbursement, with the interest rate as a moderating variable. The study utilizes data from 29 commercial banks listed on the Indonesia Stock Exchange (IDX) during the 2018–2023 period, with a total of 174 firm-year observations selected using purposive sampling. The analytical method employed is Moderated Regression Analysis (MRA). The results indicate that CAR has a significant negative effect on loan disbursement. Meanwhile, NPL does not have a significant effect on loan disbursement. Furthermore, the interest rate weakens the negative effect of CAR on loan disbursement, and it neither strengthens nor weakens the effect of NPL on loan disbursement.
THE INFLUENCE OF LABOR, SOCIAL MEDIA, AND PEOPLE’S BUSINESS CREDIT ON THE INCOME OF MICRO CULINARY ENTERPRISES IN DENPASAR CITY I Wayan Arsa Aditya; A.A. Ketut Ayuningsasi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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Culinary micro-enterprises in Denpasar City are growing rapidly and becoming a leading sector in supporting regional economic growth. However, high levels of competition, limited skilled labor, low utilization of social media, and limited access to capital are major challenges in increasing business revenue. This study aims to analyze the influence of labor, social media, and people's business credit on the revenue of culinary micro-enterprises in Denpasar City, both simultaneously and partially. This study uses a quantitative approach with an associative research type. A sample of 100 respondents was determined through proportional stratified random sampling method, with respondents being drawn by accidental sampling in four sub-districts in Denpasar City. Primary data collection was conducted through field observations and questionnaires, while secondary data were obtained from official agencies such as the Denpasar City Cooperatives and MSMEs Office and the Central Statistics Agency. The data analysis technique used was multiple linear regression with the classical assumption test, the F test, and the t test to examine the influence of independent variables simultaneously and partially on business revenue. The results show that simultaneously, labor, social media, and people's business credit influence the income of culinary micro-enterprises in Denpasar City. Partially, labor has a positive and significant effect on the income of culinary micro-enterprises in Denpasar City. Furthermore, the income of culinary micro-enterprises in Denpasar City that use social media is higher than those that do not use social media, and the income of culinary micro-enterprises in Denpasar City that use people's business credit loans is higher than those that do not use people's business credit loans. It is recommended that culinary micro-enterprises optimize working hours and workforce productivity, utilize social media as a digital marketing tool, and access people's business credit programs optimally to increase competitiveness and business income.
THE EFFECT OF ENVIRONMENTAL ACCOUNTING, OPERATING CASH FLOW, AND FIRM SIZE ON FIRM VALUE Ni Nyoman Aria Niska PUTRI; I Gusti Ayu Made Asri Dwija PUTRI
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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Firm value represents the fair market valuation of a business entity, reflecting the perceptions or assessments of its success—typically indicated by stock price performance. This study aims to provide empirical evidence on the influence of environmental accounting, operating cash flow, and firm size on firm value. A quantitative research approach was employed in this study. The research population comprises all companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period, with a purposive sampling technique yielding a total of 2,061 firm-year observations. Data analysis was conducted using multiple linear regression with the aid of STATA 17 software. The findings indicate that environmental accounting has a significant positive effect on firm value. In contrast, operating cash flow does not exhibit a statistically significant impact. Interestingly, firm size demonstrates a negative effect on firm value. These results contribute to the ongoing discourse in signal theory and stakeholder theory, offering deeper insights into how environmental practices and company characteristics influence market perceptions. Furthermore, the findings provide practical implications for investors and corporate management in strategic decision-making processes. They also serve as a valuable reference for future researchers seeking to explore related variables within the context of firm valuation.
ANALYSIS OF THE EFFECT OF HUMAN DEVELOPMENT INDEX, UNEMPLOYMENT RATE, AND INVESTMENT ON ECONOMIC GROWTH IN BALI PROVINCE Kadek Dea Kristina Dewi; Surya Dewi Rustariyuni
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 2 (2025): AUGUST
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The economic growth of Bali Province has experienced significant fluctuations due to the impact of the COVID-19 pandemic, which affected the tourism, employment, and investment sectors. This study aims to analyze the influence of the Human Development Index (HDI), unemployment rate, and investment on the economic growth of Bali Province. The analytical method used in this research is multiple linear regression analysis. The findings reveal that HDI, unemployment rate, and investment simultaneously have a significant effect on economic growth in Bali Province. Partially, HDI and investment have a positive and significant effect on economic growth, whereas the unemployment rate has a negative but statistically insignificant effect. These findings indicate that improving human capital quality and increasing investment play a crucial role in fostering Bali's economic growth. Conversely, although the unemployment rate negatively affects economic growth, the impact is not statistically strong enough to influence growth directly.

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