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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
STRATEGIC FINANCIAL MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES: A GLOBAL PERSPECTIVE THROUGH A SYSTEMATIC LITERATURE REVIEW Nurussama Nurussama; Wahab
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

Strategic financial management in Small and Medium Enterprises (SMEs) refers to the process of planning, organising, directing, and controlling the financial resources of small and medium-sized enterprises to achieve the long-term goals of the organisation. The concept involves making sound financial decisions, efficient resource allocation, effective risk management, and optimisation of capital structure to enhance enterprise value and ensure business sustainability in a dynamic global context. This approach integrates financial aspects with the overall business strategy, considering both internal and external factors that affect the financial performance of SMEs. The results show that strategic financial management plays a crucial role in improving SMEs' performance and sustainability. The study revealed several common effective practices, including long-term financial planning, efficient working capital management, and diversification of funding sources. However, the implementation of these practices often needs to be adapted to the local context and specific characteristics of SMEs. Key challenges identified include limited access to financial resources, lack of expertise in strategic planning, and difficulty managing risks in a dynamic business environment. The study also highlights the importance of technological innovation and business model adaptation in SME financial management.
DATA-DRIVEN MARKETING COMMUNICATIONS: THE CRUCIAL ROLE OF ACCOUNTING INFORMATION SYSTEMS Loso Judijanto; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Data-driven Marketing Communications supported by Accounting Information Systems (AIS) is a strategic approach to marketing that utilises financial and non-financial data generated by AIS to design, execute and evaluate marketing communications activities. This approach integrates accurate and structured accounting information into marketing strategy, enabling more informed decision-making, more effective message personalisation, and more accurate measurement of marketing performance. By utilising AIS, companies can optimise the allocation of marketing resources, improve campaign effectiveness, and achieve higher return on investment (ROI) in their marketing activities. The results show that AIS plays a crucial role in providing accurate and structured data that can be used for consumer behaviour analysis, market segmentation, and measurement of marketing campaign effectiveness. The integration of AIS with marketing information systems enables better personalisation of marketing communications, more efficient resource allocation, and improved marketing ROI.
MARKETING COMMUNICATION AND ACCOUNTING SYNERGIES: MAXIMISING CAMPAIGN ROI Arif Nugraha Kurniadi; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

In an increasingly competitive digital era, companies are required to optimise every aspect of their operations, including marketing campaigns. Marketing communications plays a role in designing and delivering effective messages, while accounting provides critical financial analysis. The integration of these two fields enables more informed decision-making in resource allocation, media selection, and campaign strategy. By combining marketing creativity and accounting precision, companies can create campaigns that not only capture consumer attention but also generate measurable economic value.
STRATEGIC INFRASTRUCTURE DEVELOPMENT: DRIVING ECONOMIC PROSPERITY AND JOB CREATION Ben Brahim S. B.; Sidderatul Akbar; Oggy Akmadani
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Strategic infrastructure development is a key component in driving economic growth and creating jobs in a country. Infrastructure such as roads, harbours, airports and telecommunication networks not only facilitate the movement of goods and services, but also attract investment and encourage the development of various economic sectors. In addition, the process of infrastructure development itself creates direct and indirect employment. However, the success of infrastructure development depends on careful planning, effective implementation and sustainable management. With the right approach, strategic infrastructure development can be a powerful catalyst for achieving economic prosperity and creating sustainable employment opportunities.
SUSTAINABLE FINANCIAL MANAGEMENT: A CRITICAL ANALYSIS OF CURRENT RESEARCH AND FUTURE PROSPECTS Loso Judijanto; Ari Purwanti; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Sustainable Financial Management has emerged as an important paradigm in the modern financial world, reflecting the urgent need to integrate environmental, social, and governance (ESG) considerations into financial practices. The study in this research uses the literature research method. The results show that; 1) The integration of ESG factors in financial decisions shows the potential to improve long-term financial performance and reduce risks. 2) Key challenges include the lack of standardisation in ESG metrics, data limitations, and gaps in understanding among practitioners. 3) Technological advances, especially in data analytics and artificial intelligence, open up new opportunities for more effective analysis and implementation. 4) Global regulatory trends are leading to an increased need for sustainable finance practices. With that, sustainable financial management offers significant opportunities to create long-term value while contributing to global sustainability goals.
MARKETING CAMPAIGN FINANCIAL REPORTING: LINKING COMMUNICATIONS WITH ACCOUNTABILITY Loso Judijanto; Desi Yuniarti
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Marketing campaign financial reporting is essential in the modern business world. This report links marketing communication activities with the financial responsibility of the company. The study in this research uses the literature research method. The results show that a complete and easy-to-understand financial report is essential. Such reports can help show the value of marketing activities, better organise the use of money, and make marketing teams more accountable for their work. The research also found that it is important to combine financial figures with other non-monetary matters in the report. In addition, it is also helpful to use attractive images or graphics and make the report suitable for the different people who read it.
INTEGRATION OF FINANCIAL AND OPERATIONAL MANAGEMENT IN THE ORGANISATION OF HAJJ AND UMRAH Loso Judijanto; Oskar Hutagaluh
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The integration of financial and operational management in the organisation of Hajj and Umrah can be defined as a holistic approach that combines the integrated management of financial and operational aspects in the planning, implementation, and evaluation of Hajj and Umrah services. The concept involves synchronising processes, systems, and resources between finance and operations departments to achieve higher efficiency, improve transparency, and optimise the quality of services to pilgrims. This integration includes aligning budgets with operational activities, utilising information technology to facilitate real-time data and information flow, and faster and more accurate decision- making based on comprehensive analysis of financial and operational aspects. The study in this research uses the literature research method. The results show that the integration of financial and operational management brings significant improvements in efficiency, transparency, and service quality. Key benefits include resource optimisation, increased accountability, faster and more accurate decision-making, and improved pilgrim satisfaction. Challenges in implementing this integration were also identified, including the need for technology investment and organisational culture change. The study's conclusions confirm the importance of financial and operational management integration as a key strategy in dealing with the complexities and modern demands of organising Hajj and Umrah.
IMPROVING THE QUALITY OF HUMAN RESOURCES IN HAJJ AND UMRAH MANAGEMENT: THE KEY TO SUCCESSFUL PILGRIMAGE SERVICES Yesi Suhartini; Oggy Akmadani
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 2 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Human Resource (HR) quality improvement in Hajj and Umrah management refers to a systematic and continuous effort to improve the knowledge, skills, and attitudes of Hajj and Umrah service officers and managers. This includes a series of processes ranging from recruitment, training, competency development, to performance evaluation that aim to ensure that every personnel involved in organising Hajj and Umrah has adequate capacity to provide excellent service to pilgrims. Improving the quality of human resources does not only focus on the technical aspects of service, but also includes a deep understanding of the spiritual, cultural, and ethical values that form the basis for the implementation of Hajj and Umrah, so as to produce human resources who are not only professional in their duties, but also have high integrity and dedication in serving pilgrims. The results show that a comprehensive HR development programme should include improving ritual knowledge, management skills, foreign language ability, cross- cultural understanding, and soft skills. The use of information technology in training and performance management was also found to be an important factor in optimising HR quality. The research also underlines the importance of establishing an organisational culture that is oriented towards service excellence and continuous improvement. Thus, this study emphasises that investment in HR development has a direct impact on improving service quality, pilgrims' satisfaction, and the efficiency of Hajj and Umrah operations.
THE ROLE OF TRAINING AND DEVELOPMENT IN IMPROVING ECONOMIC COMPETITIVENESS Fittry Megasari Sijabat
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research examines the important role of Human Resource (HR) training and development in improving economic competitiveness. In the era of globalisation and rapid technological advancement, the quality of human resources is a key factor in determining the competitive advantage of a country or organisation. This study uses the literature analysis method. The results show that effective HR training and development can increase productivity, encourage innovation, and improve adaptability to market changes. Furthermore, it was found that sustainable HR development contributes to the reduction of skills gaps, improvement of workers' quality of life, and strengthening of strategic economic sectors. In conclusion, investment in training and development is a critical strategy in improving economic competitiveness.
OPTIMISING MARKETING RESOURCE ALLOCATION THROUGH ACCOUNTING ANALYSIS Loso Judijanto; Nur Hikmah Huba
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Optimisation of marketing resource allocation through accounting analysis is an important approach to maximising the effectiveness and efficiency of marketing efforts. This research aims to explore how companies can leverage insights from financial data and performance metrics to make data-driven decisions about the allocation of budgets, personnel, and assets across various marketing initiatives and channels. By identifying areas with the highest return on investment, adjusting strategies based on actual results, and continuously refining their approach over time, organisations can ensure optimal use of resources to drive growth, profitability, and competitive advantage. This study emphasises the importance of cross- functional collaboration, clear communication, and a focus on long-term strategic goals in achieving successful optimisation of marketing resource allocation. The findings of this study provide valuable guidance for companies seeking to maximise the impact of their marketing investments and achieve sustainable success in today's increasingly dynamic and competitive marketplace.