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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,
Economics, Econometrics & Finance
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.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 444 Documents
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NAVIGATING THE ETHICAL CHALLENGES AND INNOVATIONS IN PERSONALIZED CONTENT RECOMMENDATIONS, DATA PRIVACY PROTECTION, AND CONSUMER TRUST WITHIN THE REALM OF AI-DRIVEN E-MARKETING STRATEGIES Pupung Purnamasari; Simon Matakena; Muhammad Syafri; Nurussama; Syusantie Sylfia Sairdama
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

This research delved into the intricate ethical landscape that characterized AI- driven e-marketing. It began by outlining the significance of personalized content recommendations, elucidating their role in enhancing user engagement and conversion rates. While showcasing the benefits of AI-driven personalization, the study unveiled the ethical intricacies of the data collection and user profiling process. Concerns emerged, notably about data privacy, consent, and the potential formation of filter bubbles and echo chambers. Innovative solutions emerged in the form of transparent algorithms and robust user consent mechanisms to address these ethical quandaries. These mechanisms granted users greater control over their data and fostered transparency in content recommendation algorithms. Additionally, the study underscored the importance of consumer trust in e-marketing, emphasizing its pivotal role in brand loyalty and advocacy. Overall, this research offered a comprehensive understanding of the ethical challenges and solutions within AI-driven e-marketing, underscoring the industry's commitment to ethical practices while harnessing the potential of AI to provide personalized and engaging user experiences.
STRATEGIC HUMAN RESOURCE OPTIMIZATION IN BUSINESSMANAGEMENT AMIDST THE TECHNOLOGICAL EPOCH FOR ADVANCING PROFITABILITY AND SUSTAINABILITY IN INDONESIA Albert Budiyanto; A. Hamid; Muhammad Syafri; A. Haris Mzen; Mohammad Aldrin Akbar
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

In the study "Strategic Human Resource Optimization in Business Management Amidst the Technological Epoch for Advancing Profitability and Sustainability in Indonesia," we investigated the dynamic interplay between human resource strategies, technological advancements, and their impact on business profitability and sustainability in the Indonesian context. Our research employed a mixed- method approach, incorporating quantitative and qualitative data collection techniques. We analyzed extensive data from various Indonesian businesses spanning multiple sectors and industries. These data were meticulously gathered and processed, utilizing advanced statistical tools and software to derive meaningful insights. The study's results indicated a compelling relationship between the optimization of human resources, driven by strategic initiatives, and the ability of businesses to thrive in the modern technological era. We observed a positive correlation between such optimization and enhanced Profitability and the ability to maintain sustainable operations, even in the face of industry disruptions. The discussion section delved into the nuanced interpretations of the results, emphasizing the critical role of human capital in adapting to technological changes and steering companies toward financial success and long-term sustainability. This understanding has significant implications for businesses aiming to navigate the challenges of the digital age while maintaining their commitment to sustainability. In conclusion, this study underscores the importance of strategically optimizing human resources in the context of technological advancements for both Profitability and sustainability in Indonesian businesses. It provides valuable insights for business leaders and policymakers seeking to develop strategies that align with the demands of the modern business landscape.
REVOLUTIONIZING BUSINESS MANAGEMENT: STRATEGIC HR OPTIMIZATION FOR SUSTAINABLE PROFITABILITY IN INDONESIA'S TECHNOLOGICAL LANDSCAPE Kosasih Kosasih; Farida Yuliaty; Megandhi Gusti Wardhana; Vip Paramarta, Sobarna Kartamihardja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

Indonesia's technological landscape is in a state of constant evolution, offering both unprecedented opportunities and formidable challenges to businesses. Strategic Human Resource (HR) optimization has emerged as a critical imperative to thrive in this dynamic environment. This research delves into the pivotal role of HR management in achieving sustainable profitability within the Indonesian technological landscape. The study employs a mixed-method approach, combining quantitative data from surveys and interviews with HR professionals, business leaders, and employees and qualitative data from industry reports and case studies. The findings underscore the importance of strategic HR optimization, revealing four key aspects: the role of HR in technological transformation, addressing the skills gap, promoting diversity and inclusion, and prioritizing employee engagement and well-being. In-depth analysis demonstrates that HR departments are crucial in guiding organizations through digital transformation. Aligning HR strategies with technology adoption leads to higher success rates and reduced resistance to change. Furthermore, a significant skills gap in the workforce demands substantial investment in training and development programs. Embracing diversity and inclusion fosters innovation and competitiveness  while  prioritizing  employee  engagement  and  well-being increases productivity and profitability. This research provides practical insights for businesses operating in Indonesia's ever-changing technological landscape. By implementing the strategies and recommendations presented, organizations can revolutionize their business management, positioning themselves as leaders in this dynamic environment ensuring long-term success and profitability.
ENHANCING EMPLOYEE WELL-BEING IN THE DIGITAL BUSINESS LANDSCAPE: EXPLORING THE NEXUS OF WORK-LIFE HARMONYAND ORGANIZATIONAL SUPPORT Januar Ida Wibowati; Yuli Alam; Ahmad Rizani; Loso Judijanto; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

The consistently developing computerized business scene presents particular difficulties to the prosperity of workers. This study dives into the complicated connection between work-life amicability, hierarchical help, and representative prosperity in this unique setting. The examination utilizes a blended technique approach, joining quantitative studies and subjective meetings to acquire an extensive comprehension. The outcomes demonstrate that representatives in the computerized business world see a respectably certain work-life congruity, and they report an elevated degree of hierarchical help. Critically, a positive connection between work-life concordance and representative prosperity is noticed, featuring the meaning of accomplishing a decent expert and individual life. Furthermore, the study underscores the pivotal role of organizational support mechanisms, such as mental health resources and flexible work arrangements, in enhancing employee well-being. The implications of this study are twofold. First, it offers practical guidance for digital businesses to prioritize work-life harmony and strengthen organizational support to foster employee well-being. Second, it highlights the universal importance of these factors in the digital business context, reaffirming their relevance in an ever-changing landscape. Future research directions include longitudinal studies and a more in-depth exploration of industry-specific nuances. This study's overall significance lies in its role as a compass, guiding organizations toward a future where employee well-being and business success are intricately intertwined.
THE EFFECT OF JOB CHARACTERISTICS AND HR DEVELOPMENT ON EMPLOYEE PERFORMANCE OF FOOD AND BEVERAGES SERVICE DEPARTMENT AT KUTA PARADISO HOTEL BALI Drevy Dallesandry Malalantang
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

Kuta Paradiso Hotel Bali is a service organization that requires quality human resources. This study used a survey method to observe and examine directly the performance of employees which aimed to describe and explain the relationship between variables and phenomena that occured and were systematically studied on 66 employees. The results of multiple linear regression calculations showed that the characteristics of work and human resource development are Y=19.169+ 0.181X1+ 0.418X2. This means that every increase in one score in the X1 variable on job characteristics will affect the Y variable, with employee performance of 0.181, and an increase in the X2 variable will affect the Y variable by 0.418. Partially based on tcount with the score of tTable that Tcount ≥ Ttable. The scores 2,242>1,997 for the X1 variable, job characteristics affect the Y variable on employee performance. Furthermore, 4.758>1.997 for the X2 variable has an effect on the Y variable, it means that H1 is accepted and H0 is rejected. For multiple tests based on Fcount with FTable score, the results show that Fcount≥FTable for each 20.623>3.14, it means H1 is accepted and H0 is rejected or in other words that job characteristics and HR development simultaneously affect employee performance. The conclusion proves that the proposed hypothesis is proven correct and statistically proven.
CATALYZING ORGANIZATIONAL EXCELLENCE: ANALYZING THEPROFOUND INFLUENCE OF DIGITAL LEADERSHIP ON HUMAN RESOURCE PERFORMANCE IN CONTEMPORARY CORPORATE ENVIRONMENTS Wafi Ali Hajjaj; Diana Hayati; Sabirin; Zainal Arifin; Benius
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

In the dynamic landscape of the modern business world, the emergence of the digital era has ushered in transformative changes. Traditional leadership paradigms have given way to digital leadership, focused on technology, data- driven decision-making, innovation, and open organizational cultures. This study delves into the intricate relationship between digital leadership and human resource (HR) performance within contemporary corporate environments. It aims to explore how adopting digital leadership practices influences HR performance metrics and contributes to organizational excellence. Through a mixed-method approach, combining quantitative and qualitative analyses, the research uncovers significant positive correlations between digital leadership practices and HR performance. Key findings reveal that technology adoption, data-driven decision- making, innovation, and open cultures drive enhanced HR performance. This study offers critical insights into how organizations can navigate the complexities of the digital age by strategically adopting digital leadership practices. By fostering a culture of technology adoption, data-driven decision-making, innovation, and open communication, organizations can position themselves for success in the digital era.
ANALYSING THE USE OF GROWTH RATIOS AND CONCEPTS AS TOOLS TO DETERMINE THE FOCUS OF TAX AUDITS Fitriana Fitriana; Alexandre de Sousa Guterres; M. Syahrudin; Vip Paramarta; Kosasih
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

This study aims to explore the use of financial ratios and growth concepts as tools in determining the focus of tax audits. The research method used in this study is the literature method. The results of this study offer valuable insights for tax authorities in developing a more targeted and efficient audit strategy. This study also provides an analytical framework for tax authorities in developing a more data-driven audit approach, which can ultimately improve the fairness and integrity of the tax system. As such, this study makes a significant contribution to the tax auditing literature and audit practice, and supports efforts in improving tax compliance through innovation and utilisation of analytical tools.
HARNESSING SOCIAL MEDIA PLATFORMS AS INTEGRAL COMPONENTS OF BUSINESS MARKETING STRATEGIES IN THE DIGITAL AGE: A CASE STUDY WITHIN THE E-COMMERCE INDUSTRY Muhamad Stiadi; Nur Qomariah; Dwi Apriyanti Kumalasari; Khusniyah; Riris Ambarwati
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

In the dynamic landscape of contemporary business, the profound impact of social media in shaping marketing strategies is unequivocal. This case study delves into the strategic use of social media within the e-commerce industry, where online businesses have harnessed these platforms to engage with their customers, enhance brand visibility, and drive financial returns. Our study reveals compelling data, indicating that most e-commerce companies have successfully integrated social media into their marketing endeavors. The findings demonstrate substantial increases in customer engagement, brand recognition, and financial returns, underscoring the transformational potential of social media. These insights hold significant implications for business marketing in the digital age, emphasizing the strategic necessity of social media integration. We provide practical recommendations for e-commerce companies and businesses seeking to leverage social media effectively. Furthermore, this study identifies critical areas for future research, illuminating the evolving digital marketing landscape. In conclusion, the significance of social media as an integral component of contemporary marketing cannot be overstated, offering businesses a dynamic and indispensable tool for success.
ECONOMIC TRANSFORMATION OF INDONESIA IN THE ERA OF DIGITAL 5.0: CHALLENGES AND OPPORTUNITIES Adih Supriadi; Loso Judijanto; Ahmad Rizani; Al- Amin; Zulkifli
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Indonesia, a nation at the crossroads of economic transformation, is confronted with a unique set of challenges and opportunities in the era of Digital 5.0. This paper explores the implications of Digital 5.0 on Indonesia's economic landscape, emphasizing the key challenges and opportunities. The challenges encompass the digital divide, regulatory complexities, cybersecurity risks, and the imperative of a skilled workforce. These challenges necessitate a collaborative and forward- thinking approach involving government, private sector, and civil society. On the flip side, Indonesia's digital economy offers opportunities in e-commerce, fintech, startups, smart manufacturing, and e-governance, paving the way for innovation, job creation, and inclusive growth. The path forward involves bridging the digital divide, crafting a conducive regulatory environment, investing in cybersecurity and education, and promoting entrepreneurship. Indonesia's success in this transformative era hinges on its ability to navigate the evolving digital landscape and position itself as a global economic force.
ENHANCING THE COMPETITIVENESS OF INDONESIA'S HUMAN RESOURCES IN GLOBAL FREE TRADE: INTEGRATING PERFORMANCE MANAGEMENT AND SKILL DEVELOPMENT Zulqarnain; Rasty Yulia; Ana Susi Mulyani, Titis Nistia Sari, Fiesty Utami
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

In the pursuit of enhancing the competitiveness of Indonesia's human resources in the realm of global free trade, this research embarked on a comprehensive exploration of the integration of performance management and skill development. Through a mixed-methods approach, including surveys, interviews, literature review, and secondary data analysis, the study delved into the multifaceted dynamics of these strategies. The findings revealed a compelling interplay between performance management and skill development, highlighting the importance of aligning individual, team, and organizational goals with the broader economic agenda. While performance management exhibited strengths such as precise objective setting and effective reward systems, challenges concerning objectivity in performance appraisals were identified. Skill development emerged as a key focus, emphasizing the critical nature of digital literacy, foreign language proficiency, and cross-cultural communication skills in the global free trade landscape. The accessibility and availability of training programs were recognized as areas for improvement, along with the value of public-private partnerships in shaping skill development programs. This research contributes to Indonesia's competitiveness in global free trade by providing insights into integrating these strategies and emphasizing their alignment with national economic goals. Recommendations for policymakers and potential areas for future research and policy implementation are presented further to strengthen Indonesia's human resources on the global stage.

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