Prosperia: Journal of Economic Development, Accounting, and Global Markets
Prosperia: Journal of Economic Development, Accounting, and Global Markets is a peer-reviewed academic journal dedicated to publishing high-quality scholarly works in the fields of economics, accounting, finance, and global market studies. The journal provides an international platform for researchers, academics, professionals, and policymakers to disseminate original research articles, theoretical analyses, empirical findings, and critical reviews that address contemporary issues in economic development and international business dynamics. Prosperia welcomes manuscripts in, but not limited to, macroeconomics, microeconomics, development economics, public finance, financial management, auditing, taxation, management accounting, corporate governance, capital markets, international trade, the digital economy, sustainable finance, and global market integration. All submissions undergo a rigorous double-blind peer-review process to ensure originality, methodological robustness, analytical depth, and meaningful scholarly contribution. Published quarterly in February, May, August, and November, Prosperia aims to foster global academic dialogue, promote innovative and evidence-based research, and strengthen the contribution of the economics and accounting disciplines in advancing sustainable economic growth, financial transparency, and competitive global market development at local, national, and international levels.
Articles
42 Documents
<![CDATA[The Existence of Islamic Banks and Non-Bank Financial Institutions in Promoting Islamic Financial Inclusion ]]>
<![CDATA[Muhammad Naufal Faqiih]]>;
<![CDATA[Aghna Karnys Izza Muhammad]]>;
<![CDATA[Sulthon Maulana Arsyih]]>;
<![CDATA[Daffa Ryuki Prabowo]]>;
<![CDATA[Muhammad Faiz Andreaz Fawwaz]]>;
<![CDATA[Fadhli Suko Wiryanto]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/rvgcms76
<![CDATA[This study is motivated by the persistent gap between Islamic financial literacy and Islamic financial inclusion in Indonesia, despite the continuous growth of Islamic financial industry assets. The research aims to describe the existence of Islamic banks and Islamic non-bank financial institutions (NBFIs) in promoting Islamic financial inclusion in Indonesia. This study adopts a qualitative approach using a descriptive design and a library research method, relying on secondary data analyzed through content analysis techniques. The findings indicate that Islamic banks and Islamic NBFIs, including Islamic insurance, Islamic pension funds, Islamic pawnshops, and Islamic fintech, continue to experience asset growth and service diversification. However, this growth has not been fully translated into a corresponding increase in Islamic financial inclusion. The study also finds that Islamic financial literacy levels are significantly higher than inclusion levels, suggesting that increased public knowledge does not automatically lead to active utilization of Islamic financial services. Furthermore, structural issues such as regulatory inconsistency, limited product innovation, and unequal digital readiness across institutions remain key barriers. The study concludes that stronger synergy among regulators, Islamic financial institutions, academics, and society is required to enhance literacy, promote innovation, harmonize regulations, and optimize digital technology for sustainable Islamic financial inclusion. ]]>
<![CDATA[The Role of Digitalization in Improving the Performance of Accounting Information Systems in the Modern Era ]]>
<![CDATA[Wafia Tamara]]>;
<![CDATA[Masyhuri Masyhuri]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/vgxcha66
<![CDATA[This study aims to analyze the role of digitalization in improving the performance of accounting information systems in the modern era. The research employs a qualitative approach using library research by collecting and analyzing various relevant scientific literature. The findings indicate that digitalization plays a significant role in transforming accounting information systems from manual-based processes into more integrated, automated, and data-driven systems. This transformation enhances system performance through improved efficiency in work processes, increased accuracy of financial information, faster data processing, and more effective decision-making support. Furthermore, the study reveals that the success of digitalization implementation is influenced by several supporting factors, including human resource readiness, management support, and technological infrastructure. However, it is also constrained by inhibiting factors such as limited digital competencies, cybersecurity risks, and high implementation costs. Overall, the study concludes that digitalization serves as a strategic driver in improving accounting information system performance in the modern era characterized by rapid technological advancement and increasingly complex information demands.]]>
<![CDATA[The Development of Islamic Securities Crowdfunding in Indonesia: Opportunities and Challenges ]]>
<![CDATA[Aldino Akbar Ibrahimmovic]]>;
<![CDATA[Muhammad Ichsan maulana Zanri]]>;
<![CDATA[Muhammad Jihad Ramadhani]]>;
<![CDATA[Muhammad Andreansyah]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/t1a2xx06
<![CDATA[The rapid advancement of financial technology has transformed Indonesia's financing landscape through the emergence of Islamic securities crowdfunding as a Shariah-compliant alternative financing instrument. This study aims to analyze the development of Islamic securities crowdfunding in Indonesia by examining its opportunities and challenges within the contexts of economic development, accounting, and global financial markets. The study adopts a qualitative, non-empirical design using a library research approach. Data were obtained from peer-reviewed publications, official reports issued by the Financial Services Authority (OJK), and Shariah regulations promulgated by the National Sharia Council–Indonesian Ulema Council (DSN-MUI), which were analyzed through qualitative content analysis and thematic interpretation. The findings indicate that Islamic securities crowdfunding expands financing access for micro, small, and medium enterprises while promoting financial inclusion and Shariah-compliant investment through digital platforms. Regulatory support has strengthened institutional governance and enhanced investor confidence, although challenges remain, including limited Islamic financial literacy, investment risk, regulatory adaptation, Shariah governance, and technological readiness. The study concludes that Islamic securities crowdfunding possesses significant potential to strengthen Indonesia's Islamic digital financial ecosystem, provided that governance quality, stakeholder collaboration, public literacy, and regulatory effectiveness continue to improve.]]>
<![CDATA[An Analysis of the Effects of Macroeconomic Fundamentals, Firm Growth, Capital Structure, and Firm Liquidity on Stock Returns, Dividend Policy, and Financial Performance Among Companies in the Non-Cyclical Consumer Sector Listed on the Indonesia Stock Exchange from 2021 to 2024 ]]>
<![CDATA[Linda Afifah]]>;
<![CDATA[Hwihanus Hwihanus]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/by156z42
<![CDATA[This study examines the transmission mechanisms connecting macroeconomic fundamentals, firm growth, capital structure, and corporate liquidity to stock returns, utilizing dividend policy and financial performance as intervening variables. Focusing on public firms within the non-cyclical consumer sector listed on the Indonesia Stock Exchange from 2021 to 2024, data were collected using purposive sampling and evaluated via Structural Equation Modeling Partial Least Squares. The empirical findings reveal that external macroeconomic dynamics and internal firm growth exert influential pressure on baseline operational metrics and structural policies. However, capital structure and cash distribution frameworks remain largely insulated from immediate capital market adjustments, indicating that dividend variations do not serve as direct drivers of equity valuation. Conversely, short-term liquidity maintenance establishes an operational drag on internal profitability, whereas robust financial performance acts as the definitive mediating catalyst that optimizes investor yields. Ultimately, equity market returns are dictated by sustainable corporate profit generation rather than external financing structures, requiring executives to prioritize resource allocation efficiency over superficial payout modifications to successfully capture long-term public investor confidence.]]>
<![CDATA[The Role of Digital Technology in the Transformation of Modern Accounting Practices ]]>
<![CDATA[Nur Fadila Salju]]>;
<![CDATA[Masyhuri Masyhuri]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/ktat6c19
<![CDATA[The architectural shifting of corporate disclosure mechanisms within digitalized global markets necessitates a profound re-engineering of routine transaction recording pipelines to sustain organizational survival. This investigation adopts a non empirical qualitative descriptive approach utilizing a rigorous systematic literature review design to examine the multi dimensional impact of digital technology adoption on contemporary financial frameworks. The analytical model relies on a multi layered qualitative synthesis technique to evaluate the underlying causal relationships between automated processing platforms, professional role adjustments, and internal control vulnerabilities. The findings indicate that while advanced cloud networks and robotic automation maximize processing efficiency, they actively force human practitioners to discard routine mechanical roles and assume high level advisory positions. Furthermore, the implementation of decentralized blockchain architectures and cognitive auditing tools embeds continuous anomaly tracking directly into governance frameworks, significantly reducing corporate fraud risks while simultaneously introducing system dependency variables. This study concludes that long term corporate resilience depends on the strategic alignment between advanced technological infrastructure and mature human resource capabilities. ]]>
<![CDATA[Modeling the Gross Returns of the Big Four Banks’ Stocks in Indonesia Using a Generalized Linear Model (GLM) with the AIC, BIC, and Deviance Approaches ]]>
<![CDATA[Wahyu Dwi Lesmono]]>;
<![CDATA[Ayu Nor Aisah]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/kkzbkv88
<![CDATA[This study examines the macrofinancial sensitivities and returns dynamics of the four systemically important banks in Indonesia using a Generalized Linear Model framework optimized via operational parameter criteria. Utilizing daily returns data, the empirical framework evaluates the transmission channels of domestic equity index movements, foreign exchange fluctuations, and central bank monetary policies while explicitly addressing non-Gaussian error distributions. The statistical estimations demonstrate that domestic capital market performance acts as the definitive anchor for banking stock returns, although public and private banking instruments exhibit divergent elasticity profiles reflecting distinct institutional mandates and funding structures. Furthermore, residual diagnostics reveal a complete rejection of error normality across all asset vectors, confirming that traditional linear estimation models produce inefficient standard errors under conditions of extreme market volatility. By accommodating alternative exponential distribution profiles and flexible non-linear link functions, the generalized framework minimizes unexplained variance and yields highly consistent parameter metrics. These findings underscore the critical utility of non-linear structural modeling in accurately identifying systematic risks, optimizing corporate banking portfolios, and strengthening macroprudential surveillance systems within emerging financial architectures. ]]>
<![CDATA[Analysis of Competitiveness, Opportunities, and Challenges in Indonesia’s Agricultural Trade with the Chinese Market from a Global Perspective ]]>
<![CDATA[Diana Roofi’u]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/zrfx3y48
<![CDATA[This study evaluates the competitiveness, opportunities, and challenges of Indonesian agricultural trade within the Chinese market using a descriptive analytical framework. By applying the Revealed Comparative Advantage model and the Export Product Dynamics matrix, this research identifies key commodities with significant export potential and competitive positioning. Results indicate that while Indonesia maintains a strong comparative advantage in primary resource-based exports, the structural dependency on raw material shipments limits overall value-added performance. Furthermore, the analysis highlights that systemic barriers, including stringent international quality standards, technological deficits, and human capital limitations, impede deeper market integration. Addressing these obstacles requires an integrated strategy focusing on industrial downstreaming, enhanced certification compliance, and the digitalization of supply chains. The findings suggest that aligning domestic agricultural policies with regional trade frameworks is essential for fostering sustainable export growth. This research provides a robust academic foundation for policymakers to navigate the complexities of bilateral trade, promoting a transition toward innovation-driven competitiveness that enhances Indonesia's strategic standing in the global agricultural trade architecture. ]]>
<![CDATA[Black Soybean-Based Tempeh Product Innovation to Enhance the Added Value of Local Food Products ]]>
<![CDATA[Anisa Ayu Vernanda]]>;
<![CDATA[Febrianti Alvia]]>;
<![CDATA[Ameylia Monika]]>;
<![CDATA[Tan Evan Tandiyono]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/40yrjh52
<![CDATA[This study aims to develop an innovative tempeh product made from black soybeans to enhance the added value of local food products and promote the utilization of indigenous agricultural resources. Black soybeans were selected as the primary raw material because of their high protein content, antioxidant activity, and anthocyanin compounds, which provide greater functional benefits than conventional soybeans. This study employed an empirical qualitative approach using a descriptive research design. Primary data were collected through semi-structured interviews, direct observation of the production process, and documentation, while secondary data were obtained from relevant scientific literature. The production process included black soybean selection, washing, soaking, boiling, partial seed coat removal, inoculation with Rhizopus starter culture, packaging in banana leaves, and fermentation for one to three days. The findings indicate that black soybean tempeh was successfully produced with a compact texture, uniform white mycelial growth, a distinctive dark appearance, and sensory characteristics comparable to conventional tempeh. The innovation also demonstrates promising commercialization potential through product differentiation, functional food positioning, and market-oriented value creation. These findings suggest that black soybean-based tempeh can increase the economic value of local food products, encourage food diversification, and provide sustainable business opportunities for micro, small, and medium-sized enterprises (MSMEs).]]>
<![CDATA[Balancing National Sovereignty and the Efficiency of Cross-Border Asset Enforcement: Toward an ASEAN Framework for the Recognition and Enforcement of Foreign Court Judgments ]]>
<![CDATA[Geraldine Eka Al-Fara Airanun]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/hs633173
<![CDATA[This study examines the institutional conflict between state sovereignty and transnational enforcement efficiency within the Association of Southeast Asian Nations, focusing specifically on the conservative legal frameworks of Indonesia and Thailand. Utilizing a non-empirical doctrinal legal method and macro-comparative analysis, the investigation deconstructs the systemic barriers generated by traditional territorial enforcement paradigms that refuse to recognize foreign judicial decrees directly. The current domestic requirements for comprehensive re-litigation multiply corporate transaction costs, cause prolonged procedural delays, and undermine cross-border asset recovery mechanisms within the regional market. To resolve this regional enforcement gap, this study designs a normatively viable regional blueprint titled the ASEAN Framework for the Recognition and Enforcement of Foreign Judgments. By adapting global circulation standards from the Hague Judgments Convention 2019 and the Brussels I Recast Regulation, the proposed model introduces a streamlined registration tracking mechanism balanced with a restrictive grounds for refusal matrix. This integrated architectural framework successfully eliminates structural legal duplication, secures cross-border data privacy, and combats transnational financial crimes while preserving the foundational judicial autonomy of individual member nations.]]>
<![CDATA[The Role of Profitability in Assessing The Financial Health of Islamic Banks ]]>
<![CDATA[Dina Febrianti .P]]>;
<![CDATA[Reski Ros Cahayana]]>
<![CDATA[ Prosperia: Journal of Economic Development, Accounting, and Global Markets Vol. 1 No. 2 (2026): : May: Prosperia: Journal of Economic Development, Accounting, and Global Marke ]]>
Publisher : <![CDATA[CV SCRIPTA INTELEKTUAL MANDIRI ]]>
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DOI: 10.65310/7ppjz957
<![CDATA[This inquiry establishes a comprehensive conceptual framework validating the structural role of profitability as an active diagnostic instrument in determining the microprudential stability of Sharia compliant financial institutions. Operating within an integrated systematic literature review design, the analytical architecture synthesizes macro level global industry standards with micro level sovereign statutory directives to trace the transmission pathways of institutional earnings. The qualitative data reduction reveals that fundamental rentability metrics including return on assets, return on equity, and net operating margins transcend basic accounting records to actively dictate the broader composite health classifications of modern banking corporations. Through meticulous thematic synthesis and conceptual triangulation, the findings demonstrate that sustainable profit generation directly strengthens operational resilience by accelerating organic capital retention, optimizing risk profile structures, and fortifying corporate governance efficiency. Ultimately, long term organizational survival requires a well integrated revenue optimization strategy that balances prudent asset liability management with aggressive digital banking transformations. Maintaining this structural equilibrium remains highly essential for securing public depositor trust and preserving systemic stability across competitive market landscapes.]]>
