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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
MOBILE COFFEE SME VISUAL IDENTITY REDESIGN TO INCREASE BRAND AWARENESS Muh. Husriadi; La Ode Ramalan; Aini Ashary
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Mobile coffee SMEs in Kendari face the challenge of inconsistent visual identities, hindering brand awareness amidst intense competition in the coffee market. This study aims to explore the visual identity redesign process, implementation constraints, and its impact on consumer perceptions. A qualitative case study approach was used, with in-depth interviews, participant observation, and thematic analysis of Kendari SMEs. The results show that the redesign improved visual element consistency, overcame funding limitations through local collaboration, and optimized social media platforms, accelerating brand awareness by up to 40% via digital engagement. The findings contribute to the branding model for micro-SMEs and have practical implications for empowering local economies through inclusive technology
THE ROLE OF ACCOUNTING INFORMATION SYSTEMS AND INFORMATION TECHNOLOGY IN IMPROVING THE QUALITY OF SME FINANCIAL REPORTS IN COLOMADU DISTRICT Shelly Nur Oktavia; Meinaya Shafa Maura; Maryana Angi Pratiwi; Erlinta Sheila Mahendra
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study aims to analyze the effect of Accounting Information Systems (AIS) and Information Technology (IT) on the quality of SME financial reports in Colomadu District. Using a quantitative approach, primary data was obtained through a questionnaire distributed to 105 respondents (SME owners or employees in Colomadu District) and analyzed using multiple linear regression. The results show that, partially, AIS has a positive and significant effect with a t-value of 6.416. Similarly, IT shows a positive and significant effect with a t-value of 4.506. Simultaneously, these two variables contribute 67.8% to improving the quality of financial statements. These findings confirm that even though 50% of business actors still use manual systems, strengthening accounting systems and adopting technology has been proven to improve the reliability and accuracy of MSME financial reports in Colomadu District.
CORPORATE GOVERNANCE, FINANCIAL PERFORMANCE, AND FIRM VALUE: EVIDENCE FROM MANUFACTURING COMPANIES IN INDONESIA Isnaina Azhuri; Fazya Nindita Gustifa; Maghfiratul Aini
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research seeks to examine the influence of Good Corporate Governance (GCG), Profitability, Leverage, and Firm Size on the Firm Value of manufacturing companies listed on the Indonesia Stock Exchange (IDX). The GCG variable in this study is represented by Managerial Ownership, Institutional Ownership, Independent Commissioners, and Audit Committees.  This research adopts a quantitative approach, utilizing secondary data sourced from company annual reports covering the 2021–2023 period. The sampling method applied is purposive sampling, which produced a total of 240 samples. IBM SPSS 26 software was used to perform multiple linear regression analysis on the collected data. The results indicated that individually, managerial ownership, profitability, and leverage had a significant and positive effect on firm value. On the other hand, institutional ownership, independent commissioners, and company size showed no significant effect on firm value. Nonetheless, collectively, the independent variables had a statistically significant effect on firm value.
MARKETING INSTITUTIONS IN THE AGRIBUSINESS VALUE CHAIN: A LITERATURE REVIEW ON THE ROLES OF COOPERATIVES, COLLECTING TRADERS, AND TRADING COMPANIES Ayyumi Khusnul Khotimah; Ayu Nursari; Lestari Wuryanti
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Marketing institutions play a crucial role in shaping the performance and inclusiveness of agribusiness value chains, particularly in connecting producers to markets. This study aims to review the literature on the roles of marketing institutions, namely cooperatives, collecting traders, and trading companies within the agribusiness value chain. A qualitative approach was employed, utilizing a literature review design that drew on peer-reviewed articles indexed in Scopus and other reputable academic sources. The selected studies were analyzed thematically to identify key patterns related to institutional functions, market coordination, and value distribution. The findings indicate that cooperatives strengthen farmers’ bargaining power through collective action and market coordination. Collecting traders reduce transaction costs and facilitate market access in rural areas, while trading companies enable integration into regional and global markets through logistics management and quality standardization. These institutions perform complementary functions rather than substitutive roles within the agribusiness value chain. However, the effectiveness of marketing institutions is highly dependent on the quality of governance, organizational capacity, and the policy environment. Weak institutional arrangements and imbalanced power relations may lead to unequal value distribution and limited market inclusion for smallholders. This study contributes to the agribusiness literature by offering an integrative institutional perspective on marketing functions within value chains. The findings provide policymakers and practitioners with valuable insights for designing strategies that strengthen marketing institutions and promote more efficient, inclusive, and sustainable agribusiness value chains
ORGANIZATIONAL MANAGEMENT TRANSFORMATION IN HEALTHCARE SERVICES: A SYSTEMATIC REVIEW OF DIGITAL INFORMATION SYSTEMS, HUMAN CAPITAL PERFORMANCE, AND PATIENT-CENTERED SERVICE QUALITY Syaiful Pakaya
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The increasing complexity of healthcare services in the digital era has intensified the need for organizational management transformation to ensure efficiency, service quality, and patient-centered care. This study aims to systematically review the literature on organizational management transformation in healthcare services, with a particular focus on digital information system integration, human capital performance, and patient-centered service quality. Using a qualitative approach, this study employs a systematic literature review design, analyzing peer-reviewed articles indexed in Scopus. The literature selection adheres to the PRISMA guidelines, and the data are analyzed using thematic analysis to identify dominant patterns and relationships across the studies.The findings reveal that successful organizational transformation in healthcare is driven by the effective integration of digital information systems, supported by competent and adaptive human capital, and aligned with patient-centered service quality objectives. Digital technologies serve as enablers of transformation; however, their impact is highly dependent on an organization's readiness, leadership, and workforce capabilities. Moreover, the review highlights that improvements in service quality and patient experience are more likely to occur when technological adoption is embedded within a holistic organizational transformation strategy rather than implemented as a standalone initiative. This study contributes to the literature by providing an integrative perspective on healthcare organizational management transformation, emphasizing the interdependence between technology, human resources, and patient-oriented service outcomes. Practically, the findings offer valuable insights for healthcare managers and policymakers in designing sustainable transformation strategies that enhance organizational performance and improve patient care quality in the digital age
THE INFLUENCE OF PERCEPTIONS OF TRUST AND PERCEPTIONS OF SECURITY ON THE EFFICIENCY OF USING QRIS AS A MEANS OF DIGITAL PAYMENT FOR KARANGANYAR REGENCY MSMEs Evi Mutma’inah; Estina Vitasari; Erlita Annastasya
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The increasing use of digital payment systems has encouraged MSMEs to adopt QRIS as a cashless payment method. This study aims to examine the effect of perceived trust and perceived security on the efficiency of QRIS usage among MSMEs in Karanganyar Regency. This research uses a quantitative approach with primary data collected from 108 MSMEs through questionnaires. Data analysis was conducted using multiple linear regression with SPSS. The results show that perceived trust does not significantly affect QRIS usage efficiency, while perceived security has a positive and significant effect. However, perceived trust and perceived security simultaneously have a significant effect on QRIS usage efficiency. The coefficient of determination indicates that 34.9% of the variation in efficiency is explained by the two variables. This study concludes that security perception plays a more important role than trust in improving QRIS usage efficiency among MSMEs
LEADERSHIP STYLES AND EMPLOYEE PERFORMANCE IN MULTINATIONAL CORPORATIONS R.Taufiq Nur M; Elida Zia‘ul Huda
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Multinational companies face complex challenges in managing human resources who come from various cultural backgrounds, values ​​and work systems. One important factor that influences the success of management is leadership style. This research aims to comprehensively examine the relationship between leadership style and employee performance in multinational companies through a literature review approach. The research method used is qualitative research by reviewing reputable national and international journals, textbooks and scientific publications related to leadership and employee performance. The study results show that various leadership styles, such as transformational, transactional, authentic, situational and cross-cultural leadership, have a significant influence on employee performance. The effectiveness of leadership style is greatly influenced by the cultural context, organizational system, and the role of mediating variables such as job satisfaction and organizational commitment. This study concludes that implementing a leadership style that is adaptive and sensitive to cultural differences can improve employee performance in a sustainable manner in multinational companies. It is hoped that the findings of this research can provide theoretical contributions in the development of global leadership studies as well as practical implications for the management of multinational companies.
THE INFLUENCE OF FINANCIAL MANAGEMENT ON BUSINESS GROWTH IN MEDIUM-SCALE TITLE COMPANIES Muhammad Teguh Setiadi; Fahmi Amirulloh Anwar; Ahmad Solihin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study aims to analyze the influence of financial management on business growth in medium-sized companies thru a literature review approach. Financial management is seen as a key factor in maintaining the stability, efficiency, and operational sustainability of a company, particularly in the face of challenges related to capital limitations and market dynamics. The research method used is a Systematic Literature Review (SLR) with a descriptive-analytic approach to various previous research results published between 2015 and 2025. Data was collected from various scientific sources such as Scopus, ScienceDirect, Emerald, Google Scholar, and DOAJ, focusing on the themes of "financial management," "business growth," and "medium enterprises." The study results indicate that effective financial management practices, including cash management, investment decisions, and optimal capital structure, have a positive relationship with increased productivity and competitiveness of medium-sized companies. Additionally, the implementation of financial digitalization thru technologies like fintech and cloud accounting also strengthens the effectiveness of financial management. Thus, it can be concluded that strategic financial management that is adaptable to technological developments is an important factor in driving sustainable business growth in medium-sized companies.
ANALYSIS OF THE DEVELOPMENT OF FINANCIAL MANAGEMENT CONCEPTS FROM THE PERSPECTIVE OF AGENCY THEORY AND CORPORATE VALUE: A LITERATURE REVIEW OF GLOBAL RESEARCH TRENDS AND STRATEGIC IMPLICATIONS IN THE DIGITAL AGE Hety Devita; Muhamad Eko Wahyu Umaryadi; Musilatin Nikmah
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This article analyses the evolution of financial management concepts through the perspective of agency theory and corporate value. The method used is a literature review. The results of the study found that agency theory has evolved from the classic principal-agent conflict to digital agency theory, which utilises AI monitoring, blockchain transparency, and real-time analytics to reduce agency costs while increasing firm value through Tobin's Q and market-to-book ratio. Digital transformation (DT) has proven to be a key enabler of corporate value through operational efficiency (RPA, predictive maintenance), governance transparency (smart contracts), and the creation of intangible assets (data platforms, ESG disclosure), despite showing a partial negative profitability effect on capital-intensive industries such as Indonesian mining (BUMI, ADRO). Strategic implications include hybrid governance models, capital structure optimisation based on intangible assets, and alignment of DT-company dynamics to achieve sustainable competitive advantage. Further research is recommended on empirical testing of digital agency theory in ASEAN emerging markets, moderated by digital maturity and institutional ownership.
PROCEDURES FOR THE LEGAL TRANSFORMATION OF STATE-OWNED ENTERPRISES: A COMPREHENSIVE LITERATURE REVIEW OF THE CHANGE FROM PERJAN TO PERUM OR PERSERO BASED ON ARTICLE 92 OF LAW NO. 19 OF 2003 AND ITS IMPLEMENTATION IN MODERN SOE GOVERNANCE Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 7 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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State-Owned Enterprises (SOEs) underwent a fundamental legal transformation from the form of Government Enterprises (Perjan) to Public Enterprises (Perum) or Limited Liability Companies (Persero) based on Article 92 of Law No. 19 of 2003, which required legal status adjustments through Government Regulations. This normative-doctrinal literature review analyses the transformation procedures—including ministerial policy decisions, the transfer of assets, finances and employees, and the continuation of rights and obligations—as well as their implementation in modern SOE governance through the principles of good corporate governance (GCG). The results show that the transformation has succeeded in increasing operational efficiency and GDP contribution, as in the cases of PT Kereta Api Indonesia (Persero) and PT Pegadaian (Persero), although the challenges of PSO-profit dualism and political intervention remain. This study recommends strengthening SOE holding regulations and GCG certification to support the Indonesia Emas 2045 vision.