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Contact Name
Aslan
Contact Email
aslanalbanjary066@gmail.com
Phone
+6285245268806
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aslanalbanjary066@gmail.com
Editorial Address
Jalan. H. Muckhsin Dusun Tanjung Mentawa, Tanjung Mekar Sambas Village, West Kalimantan, Indonesia
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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 ROLE OF GOVERNMENT IN EMPOWERING UMKM: A LITERATURE REVIEW Loso Judijanto; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

The role of government in MSME empowerment is the actions and policies taken by public authorities to support the development and sustainability of Micro, Small, and Medium Enterprises. This includes providing access to capital, fiscal incentives, supportive regulations, infrastructure development, as well as training and business support programmes, with the aim of increasing the competitiveness and contribution of MSMEs to the national economy. The study in this research uses the literature method. The results show that the government serves as the main facilitator in creating an enabling environment for MSME growth through appropriate fiscal and regulatory policies. This includes providing access to capital, fiscal incentives, and simpler regulations, as well as developing physical and digital infrastructure. In addition, the government also plays a role in improving the capacity and competence of MSME businesses through training programmes, business consultations, and market access facilitation. In conclusion, with active support and synergy from the government and related stakeholders, an ecosystem that supports the development of MSMEs can be created, which in turn encourages national economic growth and community welfare.
MICROCREDIT AND UMKM EMPOWERMENT: A POLICY ANALYSIS BASED ON RECENT LITERATURE Loso Judijanto; Tengku Hasan Basri
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study aims to analyse microcredit policy and its role in empowering Micro, Small and Medium Enterprises (MSMEs) based on recent literature. Microcredit has been recognised as an important instrument to improve access to finance for MSMEs that are often excluded from conventional banking services. This study reviews the impact of microcredit on MSME development, including the improvement of working capital, business expansion, and productivity and competitiveness. In addition to the benefits, the research also highlights the challenges in implementing microcredit policies, such as the risk of bad debts, low financial literacy, and limited infrastructure. In conclusion, more holistic and integrated policies involving synergies between the government, financial institutions, and non- governmental organisations are needed to create a sustainable MSME empowerment ecosystem.
FROM PHILANTHROPY TO SUSTAINABILITY: THE EVOLUTION OF CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS RESEARCH Shohib Muslim; Loso Judijanto
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research examines the evolution of Corporate Social Responsibility (CSR) from a philanthropic approach to sustainability in business. In the early stages, CSR was mostly realised in the form of donations or social support that was sporadic and not integrated with the company's core business strategy. However, along with the increasing awareness of the importance of sustainability, many companies began to adopt a more strategic and integrated approach to CSR. This research shows that sustainable CSR implementation not only provides social and environmental benefits, but also creates significant business value, including enhanced reputation, customer loyalty, and operational efficiency. Thus, the transformation from philanthropy to sustainability in CSR reflects an important shift where social responsibility becomes an integral part of business strategy that contributes to the achievement of sustainable economic, social, and environmental goals.
DISSECTING THE RELATIONSHIP BETWEEN CORPORATE SOCIALRESPONSIBILITY AND CORPORATE INNOVATION: A LITERATURE STUDY Iman Hikmat Nugraha
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study explores the relationship between Corporate Social Responsibility (CSR) and corporate innovation through a comprehensive literature review. Various studies show that CSR can stimulate innovation by creating a positive image, increasing customer loyalty, and opening up new market opportunities. Companies active in CSR often discover social needs that require innovative solutions, resulting in synergies between social goals and business benefits. However, studies also reveal the potential negative impact of CSR on innovation. Allocation of significant resources to CSR can reduce investment in research and development (R&D), while compliance with CSR standards can add bureaucratic complexity and hamper corporate flexibility. In conclusion, the relationship between CSR and innovation is two-way and requires strategic balancing. Thoughtful design and execution of CSR is essential to maximise the benefits while minimising the negative impact on a firm's innovation process.
A GLOBAL PERSPECTIVE OF SOCIAL ECONOMIC LAW: A COMPARATIVE APPROACH AND POLICY ANALYSIS Loso Judijanto; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The global perspective of social economy law reflects the various approaches and policies implemented by countries around the world to achieve economic and social well-being. Using a comparative approach, this research explores the significant differences in legal regulation, government intervention, and welfare models implemented in Europe, the United States, and Asia. Policy analyses show that the success and effectiveness of the various models are strongly influenced by each country's historical, cultural and structural context. Case studies of the Nordic countries and Singapore illustrate how different social welfare strategies can result in reduced poverty and inequality, while promoting economic growth. By studying and comparing these approaches, policymakers can develop more effective and adaptive solutions to economic and social challenges in different local contexts.
ANALYSIS OF THE IMPACT OF THE COVID-19 PANDEMIC ON UMKM AND ADAPTATION STRATEGIES: A LITERATURE REVIEW Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The COVID-19 pandemic has changed the global economic landscape, having a significant impact on various sectors, including Micro, Small and Medium Enterprises (MSMEs). This study aims to systematically analyse and review the impact of the COVID- 19 pandemic on MSMEs and identify adaptation strategies implemented by MSMEs in the face of this crisis. The results showed that the COVID-19 pandemic brought severe economic challenges to MSMEs, including decreased turnover, disruptions in the supply chain, and difficulties in accessing finance. However, the study also found that MSMEs that were able to adapt quickly, such as through business digitalisation, product diversification, and the use of e-commerce platforms, were able to minimise the negative impacts and even find new opportunities in the crisis. Based on this analysis, it is concluded that government support and access to resources are key in increasing MSMEs' resilience to the impact of the pandemic. This research provides insights for policymakers, practitioners, and academics in developing effective strategies and interventions to support MSMEs in the pandemic era and beyond.
ECONOMIC DIVERSIFICATION STRATEGIES TO IMPROVE THE WELFARE OF RURAL COMMUNITIES: LITERATURE ANALYSIS AND PRACTICAL IMPLICATIONS Sigit Sugiardi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research discusses economic diversification strategies to improve the welfare of rural communities. The main objective is to analyse the literature on rural economic diversification and identify its practical implications. The method used is a literature study of various scientific sources related to this topic. The results showed that economic diversification can be done through the development of agriculture, tourism, small industry, and creative economy sectors. Supporting factors for successful diversification include government support, community participation, and utilisation of local potential. Challenges faced include limited capital, lack of skills, and limited market access. The practical implication of this research is the need for careful planning in implementing economic diversification strategies in villages, involving various stakeholders, and considering local conditions and potential. In conclusion, economic diversification is a potential strategy to improve the welfare of village communities, but it requires a comprehensive and sustainable approach.
TRANSFORMATION OF SOCIAL ECONOMY LAW: A LITERATURE STUDY ON REGULATORY IMPLEMENTATION AND EFFECTIVENESS Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research aims to examine the transformation of social economic law, by reviewing various literatures that review the implementation and effectiveness of existing regulations. In the context of this research, legal transformation is considered a dynamic and continuous process that must be able to adjust to the rapidly changing socio-economic environment. The study concludes that an effective regulation in the social economy must be flexible, accessible and responsive to social needs, with an emphasis on community empowerment and broader social interests. In addition, this study highlights the importance of continuous monitoring and evaluation to keep regulations relevant and able to have a positive impact in a sustainable manner.
THE DIGITAL AGE AND THE EVOLUTION OF SOCIAL ECONOMY LAW: AN ANALYSIS OF THE LITERATURE AND ITS IMPACT ON THE FUTURE OF PUBLIC POLICY Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research analyses relevant literature to identify key changes in copyright regulation, data protection and digital market policies. The analysis shows that the digital age presents new challenges and opportunities that require adaptive responses from legal systems and public policies. The impact of these changes includes the need to update and develop a more responsive regulatory framework that can not only accommodate technological innovation but also protect the public interest and ensure fair competition. This research highlights the importance of collaboration between policymakers, academics and legal practitioners to create policies that support sustainable economic and social development in the face of digital transformation.
SOCIAL ECONOMIC LAW IN THE DIGITAL ERA: A REVIEW OF THE LITERATURE AND ITS FUTURE IMPLICATIONS Loso Judijanto; Iyad Abdallah Al- Shreifeen; Hadenan Towpek
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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In today's digital era, social economic law is undergoing a significant shift due to the technological revolution that affects all aspects of people's lives. This study aims to review relevant literature to identify how social economic law is adapting to the changes brought about by the digital era and its future implications. The research is conducted through a comprehensive literature review on the concept of social economic law, the impact of digitalisation, and the challenges and opportunities arising from the interaction between the two. The results of this study show that digital technologies, such as artificial intelligence and blockchain, offer opportunities to improve efficiency and transparency in the social economy, but also introduce risks related to data security, privacy, and access gaps. The study concludes that inclusive and responsive policy adaptations from stakeholders are needed to ensure that social economy law can support equitable and sustainable growth in an increasingly digitised environment. Future implications include the importance of digital education, inclusive technological infrastructure development, and reformulation of social economic law policies to suit the dynamics of the digital era.