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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
DIVIDEND POLICY MODERATES GROWTH OPPORTUNITY, FREE CASH FLOW, AND DEBT POLICY ON THE FIRM VALUE Fera Tjahjani; Stefen Satria Tanoto; Nawang Kalbuana
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

Purpose: This research is conducted to know the role of dividend policy as a moderating variable on the effects of growth opportunity, free cash flow, and debt policy on the firm value. Methods: Purposive sampling method was used to obtain 23 primary consumer goods companies from Indonesia Stock Exchange (IDX) for year 2018 – 2020. Analysis data: multiple regression analysis technique was used to test hypothesis. Result and discussions: growth opportunity has no effect on the firm value. Otherwise, free cash flow influence firm value positively and debt policy has negative effect on the firm value. Dividend policy cannot moderate the relationship of growth opportunity, free cash flow, and debt policy to the firm value.
THE IMPACT OF DIGITAL TRANSFORMATION ON CONSUMER BEHAVIOR AND MARKETING STRATEGIES Haudi Haudi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The rapid pace of digital transformation has revolutionized consumer behavior, reshaping the landscape in which businesses operate. This study delves into the multifaceted impact of digital transformation on consumer behavior and the consequential adjustments required in marketing strategies. The research explores how digital transformation influences decision-making processes, brand interactions, and overall consumer experiences, analyzing the dynamic interplay between technological advancements and evolving consumer expectations. Additionally, it investigates the adaptive strategies marketers employ to harness the potential of digital transformation, leveraging tools such as data analytics, artificial Intelligence, and omnichannel approaches. The findings contribute valuable insights for businesses navigating the digital era, guiding them in crafting effective marketing strategies that align with the transformed consumer landscape.
COGNITIVE MODELS AND NEUROMARKETING: UNVEILING THE PSYCHOLOGICAL FOUNDATIONS OF CONSUMER PURCHASING BEHAVIOUR Yuli Purbaningsih; Risnawati Ramli; Sartika S; Prisilia Angel Tantri; Nina Triolita
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study comprehensively explores consumer purchasing behavior by synthesizing cognitive models and neuromarketing principles. Navigating the intricate dynamics between conscious and unconscious processes, it investigates classical cognitive models, notably the Information Processing Model, and contemporary theories like the Dual Process Theory. Venturing into the transformative landscape of neuromarketing, the study uncovers the neural correlates and neurotransmitter influences shaping consumer choices. Ethical considerations and methodological limitations are rigorously examined to provide a balanced understanding. Furthermore, the study outlines future directions, emphasizing the contemplation of emerging technologies and encouraging interdisciplinary collaborations. The findings offer profound insights, enriching current knowledge, shaping consumer behavior research trajectory, and revolutionizing future marketing strategies.
THE STRATEGY TO IMPROVE CLEAN WATER SERVICES IN BENGKULU PROVINCE Siti Yuningsih; Kamaludin; Muhartini Salim; Rina Suthia Hayu
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Based on the conditions of the three PDAM offices in Bengkulu Province, it shows that the availability of clean water in Bengkulu Province is as follows: 1) the quality of clean water is still low and the suitability of clean water sources does not meet quality standards; 2) the needs of water are increasing (quantity); 3) the need for clean water continues to increase over time (continuity); 4) clean water management is not optimal (affordability) based on the Performance Evaluation by BPKP on PDAM Bengkulu Province in 2019. This type of research is a descriptive with qualitative approach and this research is located in three location namely Central Bengkulu Regency, North Bengkulu Regency and Bengkulu City. The number of specimens in this research was 400 PDAM consumers. Based on the results of the SWOT analysis of improving service quality, it was found that EFAS and IFAS were in quadrant II (0.126; -0.245) with a diversification strategy. This result focuses on the 4 Ks (quantity, quality, continuity and affordability) according to J. Nijman (1997) and Barata (2003). Therefore, the regional drinking water company owned by the regional government of Bengkulu Province has improved the quality of clean water services which will have an impact on community welfare and independence in receiving public services in the clean water sector. The strategy to improve clean water services in Bengkulu province requires management based on customer satisfaction, clean water availability, quality, quantity and continuity based on regulations and business plans of companies that manage clean water owned by each PDAM office. Clean water services and management will also provide basic services for community needs, increasing profits, and retribution to regional income (PAD).
OPTIMIZING ORGANIZATIONAL CAPABILITIES THROUGH THE INTEGRATION OF STRATEGIC MANAGEMENT AND HUMAN RESOURCEPERFORMANCE Dahlia Amelia; Yenny Dwi Artini; Gina Novianti Rahayu; Hery Purnomo; Badrus Zaman
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Optimizing organizational capabilities by integrating strategic management and human resource performance is paramount in contemporary organizational dynamics. This study delves into the synergistic relationship between strategic management strategies and human resource performance to enhance organizational effectiveness. The research explores the contextual factors influencing this integration and assesses its impact on operational efficiency, innovation, and customer relations. Through a comprehensive literature review and analysis, the study identifies critical influencing factors, including leadership practices, organizational culture, management information systems, and skill development. The findings underscore the transformative potential of aligning strategic goals with human resource practices, fostering a culture of collaboration, and leveraging technological infrastructure. The implications of this integrated approach are discussed in the context of practical organizational management, offering valuable insights for leaders and practitioners navigating the complexities of the modern business landscape.
THE INTERSECTION OF TECHNOLOGY AND EMPLOYEE EXPERIENCE IN ENHANCING ENGAGEMENT AND SATISFACTION Hety Devita; Loso Judijanto; Khaeruman; Yeti Rohayati; Henny Noviany
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research explores the nexus of technology and employee experience, delving into their combined influence on engagement and satisfaction in the evolving workplace. Rapid technological advancements necessitate reexamining human resources practices, prompting a comprehensive literature review. Key themes include the impact of digital communication tools, the transformative role of wellness apps, ethical considerations in HR technology, and emerging trends. Findings highlight the intricate dynamics shaping the employee experience, stressing the importance of balancing technological integration while preserving the human touch. The implications for practice and policy offer actionable recommendations for organizations, emphasizing cultivating a workplace culture prioritizing employee well-being. This study contributes to understanding how strategically employed technology can optimize engagement and satisfaction, providing insights for organizations navigating the dynamic landscape of the modern workplace.
STRATEGIC ECONOMIC PARADIGMS IN THE FOURTH INDUSTRIALREVOLUTION: A MULTIDIMENSIONAL ANALYSIS OF POLICY, TECHNOLOGY, AND SOCIO-ECONOMIC DYNAMICS Rusmiyati Rusmiyati; Iwan Harsono; Henny Noviany; Evie Farida Juliarta; Kartijo
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study conducts a comprehensive analysis spanning various dimensions to unravel the intricacies of strategic economic paradigms within the Fourth Industrial Revolution (4IR). The research delves into the dynamic interplay of policy, technology, and socio-economic factors, aiming to discern the multifaceted challenges and opportunities arising from disruptive innovations characterizing the 4IR era. By synthesizing insights from diverse perspectives, the study provides an in-depth understanding of the complex economic landscape shaped by transformative technologies such as artificial intelligence, blockchain, and the Internet of Things. It emphasizes the necessity for adaptive strategies in policymaking to address the rapidly evolving nature of economic paradigms. Furthermore, the research identifies key challenges and explores potential pathways for informed decision-making in navigating the complexities of the 4IR. By exploring disruptive innovations and their impact on economic structures, the study aims to contribute valuable insights for policymakers, researchers, and stakeholders. This analysis is a foundational resource for those seeking to foster sustainable economic development, promoting Resilience and adaptability in the face of unprecedented technological change.
DYNAMIC ANALYSIS OF CAPITAL MARKETS: A COMPREHENSIVE STUDY ON GLOBAL ECONOMIC SHIFTS AND THEIR IMPLICATIONS FOR INVESTMENT STRATEGIES AND PORTFOLIO PERFORMANCE Andi Sumarlin K; Kartijo; Eliagus Telaumbanua; Yupiter Mendrofa; Mohamad Khairi Bin Haji Othman
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 9 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This study explores the intricate relationship between global economic shifts and their implications for investment strategies and portfolio performance in a rapidly transforming global economic landscape. Beginning with a historical perspective, the research traces the evolution from traditional to modern portfolio theories, recognizing the pioneering contributions of Harry Markowitz and subsequent theorists like William Sharpe. Emphasis is placed on the adaptability of modern portfolio theories to address challenges presented by dynamic economic environments. Modern Portfolio Theory (MPT) is scrutinized as a pivotal framework that surpasses static diversification strategies. MPT incorporates the risk and return of individual assets and their correlations, facilitating a nuanced and dynamic portfolio construction approach. Enriching this framework are insights from behavioral finance and dynamic asset allocation, providing practical tools for investors to navigate the complexities of rapidly changing economic landscapes. The study delves into risk management strategies tailored for dynamic environments, focusing on the pivotal role of hedging techniques such as options and futures contracts. Dynamic hedging, with its capacity to adjust positions in response to changing market conditions, is highlighted as essential for navigating uncertainties inherent in economic shifts. Diversification strategies emerge as a cornerstone of effective risk management, extending beyond traditional asset classes. The study underscores the importance of modern diversification strategies, encompassing alternative investments like tangible assets, private equity, and hedge funds. This adaptive diversification approach aims to create portfolios resilient to the impacts of specific economic events, fortifying them against localized economic shifts. This research provides valuable insights for informed investment decision-making in the dynamic global economic landscape.
DIGITAL LITERACY, BUSINESS UNCERTAINTY AND SUSTAINABILITY BUSINESS: A DESCRIPTIVE ANALYSIS M. Adhi Prasnowo; Eddy Yunus, Meithiana Indrasari
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 10 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This research aims to examine the preliminary data of research results that examine the model of strengthening the understanding of digital literacy can have an impact on sustainability business in conditions of business uncertainty. This research examines with a descriptive approach. The data collection technique used in this research is a questionnaire. This study uses a questionnaire used to collect data related to variables that will later be processed. Descriptive analysis of the research data review that has been carried out shows that with the demographic conditions of the respondents, the majority of respondents in this study are women with a percentage of 61.2%. While men are only 38.8%. Respondents with DEA training 98.7% while respondents with TA training 1.3%. The type of respondent's business consists of culinary 44.6%, services 13.9%, fashion 11.4%, tour & travel, Creative Products 3.9%, Internet Technology 3.1%, Agribusiness 2.8%, others 20.3%. Furthermore, it can provide an overview of the results that in the digital literacy variable, respondents consider that "MSME actors need to know how to be aware of digital fraud" contained in the "digital security" indicator with the maximum value of 82.5%. In the business uncertainty variable, respondents considered that "MSME actors need to understand technological developments" with the maximum value of 69.9% which is in the "environmental uncertainty" indicator. In the business sustainability variable, respondents consider it necessary to understand the network expansion strategy to ensure that their business sustainability can grow, this is evidenced that the question has a value of 64.1%.
OPTIMIZING WILLINGNESS TO PAY FOR THE PRESERVATION OF SIBOLANGIT NATURE PARK IN NORTH SUMATERA Febri Yoanita Harahap; Delvian, Isnen Fitri
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 10 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Nature Tourism Park (TWA) is a conservation area that is formed and aims to be used as a location for tourism, education, research and cultural preservation. By looking at the completeness of the facilities and the potential of the flora and fauna in Sibolangit TWA, it should have the potential to be visited by more tourists. Moreover, its location is only 38 km from Medan City or one hour by road using a motorized vehicle, the place is on the edge of the Medan - Berastagi crossing road. The decline in visitors over the past 2 years has had an impact on the low income received by TWA Sibolangit, which is also one of the sources of PNBP (Non-Tax State Revenue). This study was conducted to answer several research questions, including: 1) What are the factors that affect WTP in Sibolangit TWA? Logistic regression analysis was used and 2) How much is the WTP value by visitors to Sibolangit TWA? Using CVM and average WTP. The target of the questionnaire is teenage visitors (12-25 years old). From the results of the study it is known that the significance value of each variable is smaller than 5 percent of only three variables, namely the variable gender, level of knowledge, and visitor perceptions of service. And based on the above calculations, the average WTP value of respondents is idr. 7,875. Rounded up to idr. 8,000,-