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Assoc. Prof. Dr. Aslan, M.Pd.I
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INDONESIA
Review of International Economy and finance (RITEF)
Published by CV. Adiba Aisha Amira
ISSN : -     EISSN : 30893925     DOI : Zenodo
Core Subject :
Review of International Economy and finance (RITEF) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, Production/Operational Management, Strategic Management, Islamic Business Management, Halal Industry Management, Hajj and Umro Management, Zakat and Waqf/ Islamic Philanthropy Management, Tourism Management, Banking Management, Industrial Management, Agribusiness Management, Business Administration.
Arjuna Subject : -
Articles 45 Documents
IDENTIFICATION OF LEADING ECONOMIC SECTORS AND DEVELOPMENT CHALLENGES IN INDONESIA Loso Judijanto
Review of International Economy and Finance Vol. 2 No. 1 (2025): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.17556084

Abstract

This study aims to identify the main economic sectors and development challenges facing Indonesia in 2025 using a literature review method. The results of the study indicate that Indonesia's economic structure is dominated by the service, manufacturing, and agriculture sectors, with the service sector being the largest contributor to the Gross Domestic Product (GDP). However, Indonesia still faces various major challenges, including dependence on primary commodities, regional and income disparities, uneven infrastructure and human resource quality, and limitations in innovation and technology mastery. Additionally, external factors such as global demand fluctuations and climate change challenges further complicate the development process. This study emphasises the importance of strategic reforms and cross-sectoral collaboration to create inclusive, resilient, and sustainable economic growth in the future.
GLOBALISATION CHALLENGES TO INDONESIA'S LEADING ECONOMIC SECTORS: RESILIENCE, COMPETITIVENESS, AND ADAPTATION STRATEGIES Loso Judijanto
Review of International Economy and Finance Vol. 2 No. 1 (2025): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.17556115

Abstract

This study discusses the challenges faced by Indonesia's main economic sectors in facing globalisation, particularly in relation to resilience and competitiveness. Global market openness has created various external pressures such as price fluctuations, changes in international trade policies, and competition from imported products, which have an impact on national economic resilience. On the other hand, globalisation also opens up opportunities through wider access to export markets, foreign investment, and the adoption of new technologies. Therefore, this study highlights various adaptation strategies that are needed, such as product diversification, technological innovation, improving the quality of human resources, strengthening infrastructure, and protecting intellectual property rights. With the active role of the government, the private sector, and the community, especially MSMEs, Indonesia is expected to be able to strengthen the resilience and competitiveness of its economic sectors so that they can survive and thrive amid increasingly fierce global competition. The method used is a comprehensive literature review of current and relevant sources.
THE EFFECT OF INTERNAL LOCUS OF CONTROL, VILLAGE APPARATUS COMPETENCE, AND SELF-EFFICACY ON THE PREVENTION OF VILLAGE FUND FRAUD Ni Made Putri Ari Utarini; Ni Luh Supadmi
Review of International Economy and Finance Vol. 2 No. 3 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20097018

Abstract

The prevention of Village Fund fraud has become a crucial issue due to the increasing allocation of Village Funds and the high number of irregularities in their management. Fraud prevention efforts can be carried out by strengthening internal factors and the competence of village officials. This study aims to empirically examine the effect of internal locus of control, village apparatus competence, and self-efficacy on the prevention of Village Fund fraud. The research was conducted in Badung Regency, Bali Province, involving village officials from 46 villages using a purposive sampling technique, including village heads, secretaries, and treasurers who had served for at least one year. The collected data were analyzed using multiple linear regression analysis. The results indicate that internal locus of control, village apparatus competence, and self-efficacy have a positive and significant effect on the prevention of Village Fund fraud. This implies that improvements in internal locus of control, village apparatus competence, and self-efficacy can enhance fraud prevention in Village Fund management.
THE INFLUENCE OF CUSTOMER INVOLVEMENT IN MEMORABLE CUSTOMER EXPERIENCE (MCE) IN MEDIATING THE EFFECT OF EXPERIENTIAL MARKETING ON REVISIT INTENTION AT BEACHWALK BALI I Dewa Bagus Mahesa Gangga
Review of International Economy and Finance Vol. 2 No. 3 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20097077

Abstract

This study aims to analyze the effect of experiential marketing on revisit intention through the mediating role of memorable customer experience among visitors of Beachwalk Bali. The study employed a quantitative approach with an associative research design grounded in the Stimulus–Organism–Response (SOR) theory. A total of 160 respondents were selected using purposive sampling techniques. Data were collected through Likert-scale questionnaires and analyzed using Hayes PROCESS Macro Model 4 with a bootstrapping approach. The findings reveal that experiential marketing has a positive and significant effect on both memorable customer experience and revisit intention. Memorable customer experience also exerts a positive and significant influence on revisit intention and is proven to partially mediate the relationship between experiential marketing and revisit intention. These findings indicate that a memorable shopping experience can enhance visitors’ intentions to revisit Beachwalk Bali.
ECONOMIC MODERNIZATION IN THE INDONESIA–MALAYSIA BORDERLANDS: FROM INFORMAL BARTER SYSTEMS TO A DIGITAL TRADE ECOSYSTEM Sigit Sugiardi
Review of International Economy and Finance Vol. 2 No. 3 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20097098

Abstract

This study aims to analyze the economic modernization of the Indonesia–Malaysia borderlands by transforming informal barter systems into integrated digital trade ecosystems. The research focuses on understanding how technological development, regional integration, and institutional change reshape cross-border economic activities in frontier communities. This study employs a qualitative approach using the library research method by analyzing secondary data from Scopus-indexed journal articles, books, policy reports, and official publications published between 2020 and 2025. The data were examined using descriptive-analytical and thematic analysis techniques to identify patterns of border economic transformation, digitalization trends, and challenges of regional economic integration. The findings reveal that border economies in the Indonesia–Malaysia frontier are experiencing a gradual transition from traditional barter-based trade toward digitalized commercial systems supported by fintech, mobile payments, e-commerce, and logistics integration. However, the transformation remains uneven due to disparities in digital infrastructure, technological literacy, and institutional capacity. Informal trade systems persist because they provide flexibility, social trust, and economic access for local communities. The study also finds that digitalization contributes positively to financial inclusion and market expansion but simultaneously creates digital inequality between urbanized and remote border regions. This study contributes theoretically by integrating Border Economic Transformation Theory, Digital Ecosystem Theory, and Regional Integration Theory to explain the coexistence of traditional and modern economic systems in borderlands. Practically, the research highlights the importance of inclusive border development policies that combine technological modernization with community empowerment and socioeconomic sustainability. The study concludes that sustainable border economic modernization requires adaptive governance, equitable digital access, and participatory regional integration strategies.
THE MEDIATING ROLE OF WORK MOTIVATION IN THE EFFECT OF SERVANT LEADERSHIP ON THE PERFORMANCE OF FRONT OFFICE EMPLOYEES AT FINNS BEACH CLUB I Made Titisano Dwipayana; I Gusti Made Suwandana
Review of International Economy and Finance Vol. 2 No. 4 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21991232

Abstract

Employee performance refers to the work outcomes achieved by employees in carrying out their duties and responsibilities in accordance with organizational objectives. This study aims to analyze and explain the mediating role of work motivation in the relationship between servant leadership and the performance of Front Office employees at FINNS Beach Club. This study employed a quantitative associative approach involving a total sample of 70 Front Office employees at FINNS Beach Club, selected using the saturated sampling technique. Data were analyzed using the Partial Least Squares (PLS) method. The results indicate that servant leadership has a positive and significant effect on both employee performance and work motivation. Furthermore, work motivation also has a positive and significant effect on employee performance. The findings further demonstrate that work motivation partially mediates the relationship between servant leadership and employee performance. These findings reinforce Social Exchange Theory, which explains that positive reciprocal relationships between leaders and employees encourage higher levels of work motivation and improved employee performance. Leaders who practice servant leadership by providing support, care, trust, and opportunities for employee development receive positive responses from employees in the form of greater work motivation and enhanced performance.
DETERMINANTS OF BALINESE LIQUOR PRODUCTION IN SIDEMEN DISTRICT, KARANGASEM REGENCY Komang Surya Anggreni; Ni Nyoman Yuliarmi; Ida Ayu Gde Dyastari Saskara; Wayan Hari Premananda
Review of International Economy and Finance Vol. 2 No. 4 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21991252

Abstract

The production of Arak Bali is one of the thriving economic activities in the community of Sidemen District, Karangasem Regency. The success of Arak Bali production is influenced by various factors of production, such as business capital, labor, raw materials, and technology. In addition to economic factors, social capital is also believed to play a role in supporting the effective use of these factors of production. This study aims to analyze the effects of business capital, labor, raw materials, and technology on the production of Arak Bali and to examine the role of social capital in moderating the effect of business capital on the production of Arak Bali in Sidemen Subdistrict, Karangasem Regency. This study employs a quantitative approach with a sample size of 87 arak farmers selected through simple random sampling. Data were collected through questionnaires, interviews, and documentation. The analysis technique used was Moderated Regression Analysis (MRA). The results of the study indicate that business capital does not have a significant effect on the production of Arak Bali, with a significance value of 0.355. Labor also does not have a significant effect on the production of Arak Bali, with a significance value of 0.235. Technology does not have a significant effect on the production of Arak Bali, with a significance value of 0.554. Meanwhile, raw materials have a positive and significant effect on the production of Arak Bali, with a significance value of 0.000. The results of the moderation analysis indicate that social capital moderates the effect of business capital on the production of Arak Bali, with a significance value of 0.044. The research findings indicate that raw materials are the most critical production factor in increasing Arak bali production in Sidemen District. Furthermore, social capital has been shown to play a role in enhancing the effectiveness of business capital utilization; thus, the success of Arak Bali production is influenced not only by economic factors but also by the quality of social relationships among arak farmers. Based on the research results, it is recommended that arak farmers pay closer attention to the availability of raw materials and continue to strengthen social capital through enhanced cooperation, trust, social networks, and social participation. Local governments are also expected to support the sustainability of Bali Arak production through programs focused on improving the availability of raw materials and strengthening the business capacity of arak farmers.
THE EFFECT OF VILLAGE APPARATUS COMPETENCE, COMMUNITY PARTICIPATION, AND BUDGET TARGET CLARITY ON THE ACCOUNTABILITY OF VILLAGE FUND MANAGEMENT Putu Wulan Sari Agustiana Dewi; I Gusti Ayu Nyoman Budiasih
Review of International Economy and Finance Vol. 2 No. 4 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21991272

Abstract

The accountability of Village Fund management has become a strategic issue due to the increasing allocation of Village Funds and the persistent challenges encountered in their management at the village level. Strengthening the village apparatus competence, enhancing community participation, and ensuring budget target clarity are considered essential measures to improve accountability throughout the planning and implementation of village development programs. This study aims to empirically examine the effects of village apparatus competence, community participation, and budget target clarity on the accountability of Village Fund management. The study was conducted in Gianyar Regency, Bali Province, involving village government officials from 64 villages selected using a purposive sampling technique. The respondents consisted of Village Heads, Village Secretaries, Village Financial Officers, and members of the Village Consultative Body (BPD). The collected data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software. The findings indicate that village apparatus competence, community participation, and budget target clarity have positive effects on the accountability of Village Fund management. These results suggest that improving the village apparatus competence, increasing community involvement in Village Fund management, and establishing clear budget objectives contribute to more accountable Village Fund governance. The study highlights the importance of strengthening the capacity of village government personnel, expanding community participation through village deliberation forums, and implementing measurable goal-oriented budgeting as key strategies for enhancing the accountability of Village Fund management.
THE ROLE OF BRAND IMAGE IN MEDIATING THE EFFECT OF E-WOM ON PURCHASE INTENTION (A STUDY OF PROSPECTIVE CONSUMERS OF BakedByAurea) Giuseppe Arve Rama Garin; Ni Nyoman Kerti Yasa
Review of International Economy and Finance Vol. 2 No. 4 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21991296

Abstract

Digital consumer reviews have become increasingly strategic in shaping brand perceptions and purchase intention; however, the underlying mechanism within the context of artisanal micro, small, and medium enterprises (MSMEs) remains underexplored. This study aims to examine the effect of Electronic Word of Mouth (E-WOM) on purchase intention, with brand image serving as a mediating variable among prospective consumers of BakedByAurea in Denpasar City. The study employed a quantitative associative approach involving 100 respondents selected through purposive sampling. Data were collected using a structured Likert-scale questionnaire and analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0. The findings indicate that E-WOM has a positive and significant effect on purchase intention (β = 0.339; p = 0.000), a positive and significant effect on brand image (β = 0.667; p = 0.000), and that brand image has a positive and significant effect on purchase intention (β = 0.497; p = 0.000). Brand image was confirmed as a partial mediator in the relationship between E-WOM and purchase intention (β = 0.332; p = 0.000). These findings reinforce the applicability of the Theory of Reasoned Action within the context of digital marketing for MSMEs and imply that managing organic E-WOM constitutes an effective marketing strategy for culinary MSMEs operating without substantial advertising budgets.
ANALYSIS OF MARKET DISTORTIONS IN A MICROECONOMIC PERSPECTIVE AND IMPACT ON SUPPLY AND DEMAND BALANCE Zuwardi; Yosida Trisna Azzahra; Mayang Suci Novia; Zaitun; Sherly Natasya; Aulia Ramadhani
Review of International Economy and Finance Vol. 2 No. 4 (2026): Review of International Economy and Finance (RITEF)
Publisher : CV. ADIBA AISHA AMIRA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.21991313

Abstract

Market distortions are a serious challenge in achieving an efficient and sustainable economy. This research discusses improvement and reform efforts to reduce market distortions through government policies, market structure improvements, and increased information transparency. Strict antitrust policies, support for healthy competition, and steps to encourage market diversification are important focuses. In addition, increasing access to information and transparency is key to empowering consumers and restoring the balance of power in the market. Through collaboration between the government, market players and society, it is hoped that this reform can have a positive impact in creating a more efficient, fair and sustainable economic environment.