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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 487 Documents
THE MEANING OF FINANCIAL LITERACY AND DIGITAL MARKETING FOR MSMES Candra Puspita Ningtyas; Maulidia Berlianti; Muh. Husriadi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 12 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20520194

Abstract

Digital transformation has transformed the management and marketing patterns of micro, small, and medium enterprises (MSMEs), yet many MSMEs still face limitations in financial literacy and optimal use of digital marketing. This condition is important to examine because both capabilities influence the efficiency, competitiveness, and sustainability of businesses in Kendari City. This study aims to describe the meaning of financial literacy, digital marketing, and their integration in the business practices of MSMEs in Kendari City. The study used a qualitative phenomenological approach with data collection techniques through in-depth interviews, observation, and documentation of purposively selected informants. Data analysis was conducted using the Miles and Huberman model through data reduction, data presentation, and drawing conclusions. The results show that financial literacy is defined as the ability to manage cash flow, separate personal and business finances, and utilize profits productively. Digital marketing is understood as a means of promotion and market expansion through digital media. The integration of the two strengthens business efficiency, increases competitiveness, and supports the sustainability of MSMEs. The implications of this study emphasize the importance of integrated training between financial literacy and digital marketing for strengthening local MSMEs.
FISCAL DECENTRALIZATION AND LOCAL BUSINESS DEVELOPMENT: THE ROLE OF REGIONAL TAX POLICIES IN ECONOMIC GROWTH Loso Judijanto; Muthmainnah Muthmainnah; Puteri Aprilani
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 12 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20520204

Abstract

This study aims to analyze the impact of fiscal decentralization on local business development through the implementation of regional tax policies to encourage economic growth. Fiscal decentralization provides greater authority to regional governments in managing revenue sources and determining fiscal policies according to the characteristics of their respective regions. In the context of regional economic development, regional tax policies are a strategic instrument that can create a conducive business climate, increase investment, expand employment opportunities, and strengthen local economic competitiveness. This study uses a literature review method by examining various scientific articles, academic books, policy reports, and previous research results related to fiscal decentralization, regional tax policies, local business development, and economic growth. The results of the study indicate that fiscal decentralization can have a positive impact on regional economic growth when accompanied by effective, transparent, and accountable fiscal governance. Regional tax policies that are proportional and oriented towards business development have been proven to increase local economic activity, particularly in the micro, small, and medium enterprise sector. In addition, the flexibility of regional governments in determining fiscal incentives also contributes to increased investment and economic productivity. However, this study also identified challenges in the form of disparities in fiscal capacity between regions, low effectiveness of regional tax administration, and the potential for excessive tax burdens on businesses. Therefore, synergy between the central and regional governments is needed to formulate adaptive and sustainable fiscal policies to create inclusive and equitable economic growth.
DETERMINANTS OF INDONESIA’S SUGAR IMPORT VOLUME Tri Wahyu Chandra Utama; I Nyoman Mahaendra Yasa
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 12 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20520224

Abstract

Sugar is one of the strategic food commodities in Indonesia that plays an important role in fulfilling household consumption needs as well as serving as a raw material for the food and beverage industry. However, relatively low domestic sugar production has not been able to meet national demand, causing the government to continue importing sugar to maintain the availability of domestic sugar supplies. The high volume of sugar imports is driven by fluctuating international sugar prices, continuous population growth, and exchange rate fluctuations. This study aims to analyze the effect of international sugar prices, population size, and the United States dollar exchange rate on the volume of Indonesia’s refined sugar imports. This study employed a quantitative approach with an associative research design and utilized time series data covering the period 1994–2024. The study consisted of 31 observations. The data used were secondary data obtained from various official sources such as the World Bank, the Food and Agriculture Organization (FAO), the United Nations (UN), and relevant government institutions. The analytical technique applied was multiple linear regression analysis using the Ordinary Least Square (OLS) approach processed through SPSS software. The results indicate that international sugar prices, population size, and the United States dollar exchange rate simultaneously have a significant effect on Indonesia’s sugar import volume. Partially, international sugar prices have a negative and significant effect on Indonesia’s sugar import volume. Population size has a positive and significant effect on Indonesia’s sugar import volume, while the United States dollar exchange rate has a negative but insignificant effect on Indonesia’s sugar import volume. The implications of this study suggest that, first, since international prices affect sugar import volume, the government needs to improve sugarcane sector productivity and maintain the stability of domestic sugar supplies in order to suppress domestic prices and reduce import dependency. Second, population growth should be accompanied by improvements in agricultural technology and agricultural productivity to balance increasing demand. Third, exchange rate stability should remain under the authority of the central bank, considering its close relation to international transactions.
FACTORS INFLUENCING THE CAREER INTEREST OF UDAYANA UNIVERSITY ACCOUNTING STUDENTS TOWARDS THE PUBLIC ACCOUNTING PROFESSION I Kadek Deo Narendra Adnya Putra; Gusti Ayu Putu Eka Dewi Prihantari
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 12 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20520234

Abstract

Career interest refers to an internal psychological tendency marked by feelings of attraction, enjoyment, and sustained attention toward a specific occupation without external pressure. One such interest among undergraduate accounting students is pursuing a career as a public accountant, which demands strong academic preparation, professional competence, and long-term commitment through advanced education and certification. This study aims to examine the effects of adversity intelligence, career motivation, economic motivation, professional recognition, and work environment on students’ interest in becoming public accountants at Udayana University. A quantitative approach was employed using a survey method, with data collected through questionnaires distributed to active accounting students from the Class of 2022 and alumni from the Classes of 2020 and 2021. The sample consisted of 168 respondents selected through purposive sampling. Data were analyzed using multiple linear regression, supported by classical assumption tests, model feasibility (F-test), coefficient of determination (R²), and hypothesis testing (t-test) with SPSS software. The findings reveal that adversity intelligence, economic motivation, and work environment positively influence career interest, while career motivation and professional recognition show no significant effect.
BEYOND TOURISM: HOW DIGITAL NOMADS DRIVE STRONGER LOCAL BUSINESS GROWTH IN URBAN BALI? Gede Andika; Muhammad Williams Rahaditama; I Komang Mardika; Putu EviraKusuma Cahyadewi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128199

Abstract

Background: Digital nomadism in urban areas in Bali becomes more and more defined as the practice of nomads being economically embedded within the economy rather than tourists. Objective: In this regard, this research seeks to investigate the influence of digital nomadism on local business development in the case of the city of Bali by looking into how nomad presence translates into economic gains for the local community. Method: By adopting an explanatory design with a quantitative focus, data from a sample of 150 micro, small and medium enterprises (MSMEs) operating in Canggu, Ubud, and Denpasar were collected. OLS regression analysis is used in order to evaluate the influence of variables such as digital nomad intensity, professional interaction quality, business adaptation strategy, and customer engagement on local business growth. Results: Results suggest that digital nomad intensity has a positive impact on business growth, with customer engagement as a factor having the highest significance. Most importantly, the interaction effect shows that the economic influence is greatly enhanced through high-quality interactions and a well-adapted digitalization strategy, providing better results than tourist inflow. Conclusion: Relationship building and development of the organization’s internal competencies become key aspects of the economic translation of digital nomadism.
STRENGTHENING THE MSME FINANCING ECOSYSTEM THROUGH SUSTAINABLE FUNDING ACCESS STRATEGIES IN SOUTH KONAWE REGENCY Akbar Wahbi; Munawir Makmur; Agus Zul Bay
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128404

Abstract

This study aims to analyze strategies for strengthening the financing ecosystem of Micro, Small, and Medium Enterprises (MSMEs) through sustainable financing access in Konawe Selatan Regency. The primary issue addressed is the limited accessibility of formal financing faced by rural entrepreneurs amid the demands of Indonesia's national green economic transition. This research employed a qualitative approach using a case study method. Data were collected through semi-structured interviews with 20 key informants, including MSME actors, regulators, and banking representatives, supported by participatory field observations and policy document analysis. The findings reveal four major themes: business legality constraints as the primary structural barrier, low financial literacy related to Environmental, Social, and Governance (ESG) principles, the strategic role of Village-Owned Enterprises (BUMDes) as local financial intermediary institutions, and challenges in adapting financial technology in areas with limited infrastructure. These findings contribute to the development of a community-based financial ecosystem model. The study concludes that strengthening the financing ecosystem requires policy synergy to facilitate MSME formalization and the development of inclusive green microfinance products. Practical implications include the need to enhance the managerial capacity of BUMDes and simplify licensing bureaucracy at the regional level. Future studies are recommended to quantitatively examine the effectiveness of this partnership model across broader regional contexts.
INTEGRATION OF DIGITAL INNOVATION IN HIGHER EDUCATION MANAGEMENT TO SUPPORT THE ACHIEVEMENT OF SDGs 4 (QUALITY EDUCATION): A STUDY OF THE DEVELOPMENT OF A MODEL TO IMPROVE ACADEMIC COMPETITIVENESS IN THE ERA OF SOCIETY 5.0 Asrul; Muh. Amir; La Ode Agus Said; Muh. Rijal; Sarinah
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128431

Abstract

The development of digital technology has driven significant changes in various sectors, including higher education. Universities are required to adapt to technological developments to improve the quality of governance, learning processes, and academic competitiveness at the national and global levels. In the context of the Society 5.0 era, the integration of digital innovation in higher education management is a crucial strategy for creating a more adaptive, efficient, and community-oriented education system. This study aims to analyze the integration of digital innovation in higher education management and develop a management transformation model capable of enhancing the academic competitiveness of universities. This research is also directed at supporting the achievement of the Sustainable Development Goals (SDGs), specifically SDG 4 on quality education, which emphasizes the importance of improving the quality of education through innovation and technology. The research method used is a mixed methods approach, namely a combination of quantitative and qualitative methods. The quantitative approach is used to examine the relationship between the variables of digital innovation integration in management and increased academic competitiveness through surveys of lecturers, education staff, and university leaders. Meanwhile, the qualitative approach is carried out through in-depth interviews and document analysis to gain a more comprehensive understanding of the practice of digital innovation-based higher education management transformation. The expected outcome of this research is the identification of key factors influencing the successful integration of digital innovation into higher education management and the development of a conceptual model that can be used as a reference for improving the academic competitiveness of higher education institutions in the Society 5.0 era. In addition to providing theoretical contributions to the development of higher education management science, this research is also expected to provide strategic recommendations for policymakers in designing more innovative, adaptive, and sustainable higher education governance.
ANALYSIS OF BUSINESS OPPORTUNITIES IN AN EFFORTS TO INCREASE COMMUNITY INCOME IN THE MARINA TOGO MOWONDU TOURISM AREA, WANGI-WANGI DISTRICT, WAKATOBI REGENCY Munawir Makmur; Wa Ode Harliyanti Unga; Akbar Wahbi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128466

Abstract

This study aims to analyze business opportunities in an effort to enhance community income in the Marina Togo Mowondu tourism area, Wangi-Wangi District, Wakatobi Regency. This research employs a qualitative descriptive approach, using data collection techniques such as in- depth interviews, observations, and document analysis. The participants involved in this study included local business operators, tourists, and relevant stakeholders. Data analysis was conducted using the Miles and Huberman interactive model, consisting of data reduction, data display, and conclusion drawing. The findings indicate that the Marina Togo Mowondu tourism area possesses significant business potential in the culinary sector, souvenirs trade, transportation services, and tourism-based creative industries. The availability of natural tourism attractions, the increasing number of tourist visits, and active community participation serve as supporting factors for the development of these business opportunities. However, several constraints were identified, including infrastructure limitations, inadequate business management skills, and a lack of promotional strategies. Therefore, community capacity building, infrastructure improvement, and the optimization of digital marketing are required to foster business growth and ensure a sustainable increase in community income.
AN EVALUATION OF SUPPLY CHAIN RESILIENCE STRATEGIES IN RESPONDING TO GLOBAL DISRUPTIONS IN THE MANUFACTURING AND DISTRIBUTION SECTORS Hery Purnomo; Subagyo; Faisol; Badrus Zaman; Poniran Yudho Leksono
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128485

Abstract

Global disruptions such as the COVID-19 pandemic, geopolitical conflicts and logistics crises have caused significant disruption to industrial supply chains and global distribution. This study aims to evaluate supply chain resilience strategies in the face of global disruptions in the industrial and distribution sectors using a literature review approach. The research findings indicate that supply chain resilience comprises four key dimensions: robustness, flexibility, agility, and redundancy, with determining factors including digital capability, supply chain visibility, collaboration, supplier diversification, and government policy support. Evaluation strategies encompass redundancy, operational flexibility, digitalisation, collaboration, and regionalisation, with performance indicators including time to recover, fill rate, service level, cost efficiency, and supply continuity. The manufacturing sector requires capacity redundancy and flexible production, whilst the distribution sector requires routing flexibility and transport optimisation. Companies implementing adaptive strategies experienced a 30% reduction in disruption impacts, with supplier diversification reducing disruption time by 25% and digital adoption improving demand forecasting by 35%. Practical implications provide guidance for practitioners in developing adaptive strategies, with recommendations for further research focusing on AI-blockchain integration, green resilient supply chains, and standardised resilience indicators.
AN ANALYSIS OF INTERNATIONAL ECONOMIC LAW ON THE SETTLEMENT OF TRADE DISPUTES WITHIN THE WTO FRAMEWORK Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 3 No. 1 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21128507

Abstract

International trade is a cornerstone of the modern global economy; however, differences in trade policy and protectionism often trigger disputes between countries that have the potential to disrupt the smooth flow of international trade. The World Trade Organisation (WTO), established in 1995, plays a central role in creating a rules-based multilateral trade governance system through the dispute settlement mechanism set out in the Dispute Settlement Understanding (DSU). This study aims to analyse the trade dispute settlement mechanism within the WTO framework and to identify implementation challenges and the need for reform from the perspective of international economic law. The research method employs a qualitative literature review using a juridical-normative approach. The findings indicate that the WTO’s dispute settlement mechanism provides legal certainty through a compulsory quasi-judicial system comprising a 60-day consultation phase, the formation of a panel within 6–9 months, an appeal to the Appellate Body within 90 days, and the implementation of the ruling. However, this system faces a serious existential crisis regarding the paralysis of the Appellate Body since December 2019 due to the United States’ refusal to appoint new members, which creates legal uncertainty and undermines the winning party’s right to enforce its rights. The imbalance of power between developed and developing countries, the difficulties in enforcing rulings against countries with dominant economic power, and the limited retaliatory capacity of developing countries reveal the structural weaknesses of the compliance mechanism. Reform of the WTO dispute settlement system is a priority, covering the review of appeals, the speed of proceedings, compliance rights, and capacity building. The Multilateral Provisional Appeal Arbitration (MPIA) arrangement promoted by the European Union provides an alternative dispute settlement mechanism to overcome deadlocks in the Appellate Body. This study emphasises the importance of institutional reform to ensure that the WTO remains a cornerstone of the global trading system.

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