cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Adam Mudinillah
Contact Email
adammudinillah@staialhikmahpariangan.ac.id
Phone
+6285379388533
Journal Mail Official
adammudinillah@staialhikmahpariangan.ac.id
Editorial Address
Jorong Kubang Kaciak Dusun Kubang Kaciak, Kelurahan Balai Tangah, Kecamatan Lintau Buo Utara, Kabupaten Tanah Datar, Provinsi Sumatera Barat, Kodepos 27293.
Location
Kab. tanah datar,
Sumatera barat
INDONESIA
Journal Markcount Finance
Published by Yayasan Adra Karima Hubbi
ISSN : 29870925     EISSN : 29869455     DOI : 10.70177/jmf
Core Subject :
Journal Markcount Finance, established in 2023 by Yayasan Adra Karima Hubbi, has become a leading platform for economic research that connects financial innovation, sustainability, and digital transformation within the evolving economic ecosystem. In 2026, the journal introduced a change in its publication frequency to a bimonthly schedule, publishing issues in February, April, June, August, October, and December. The journal covers a broad spectrum of topics reflecting significant changes in finance, business, and accounting industries in the age of technology-driven economies. Its focus encompasses research on fintech, sustainable finance, digital transformation in accounting and auditing, behavioral economics in capital markets, regulatory technology (RegTech), digital taxation, and Islamic digital finance. Research published in this journal offers insights into technological innovations such as blockchain and AI-driven investment strategies, alongside the regulatory challenges emerging with the rise of digital financial systems. Studies on sustainable finance and ESG investments highlight efforts to tackle climate change and support circular economy practices. Other key topics include behavioral analysis in capital markets, focusing on investor psychology and risk management, as well as the application of technology in auditing and financial decision-making processes. Special attention is also given to the role of regulatory technology in ensuring compliance with regulations in the rapidly evolving digital financial landscape. Overall, Journal Markcount Finance continues to make significant contributions to researchers and policymakers in various countries, presenting relevant and applied research to address the challenges faced by modern financial and economic systems.
Arjuna Subject : -
Articles 102 Documents
 7   8   9   10   11 
BLOCKCHAIN TECHNOLOGY IN CROSS-BORDER PAYMENTS: REVOLUTIONIZING GLOBAL FINANCIAL SYSTEMS Muchamad Bachtiar; Livia Alves; Rafaela Lima
Journal Markcount Finance Vol. 4 No. 2 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i2.3610

Abstract

Cross-border payment systems play a critical role in global trade and financial integration, yet they remain burdened by high transaction costs, long settlement times, limited transparency, and dependence on multiple intermediaries. This study aims to examine the role of blockchain technology in revolutionizing cross-border payments and to assess its implications for global financial systems. The research focuses on identifying key efficiencies, challenges, and systemic changes introduced by blockchain-based payment solutions compared to conventional cross-border banking infrastructures. A qualitative analytical research design was employed, utilizing an integrative review of peer-reviewed literature, industry reports, and documented blockchain-based payment initiatives. The data were analyzed thematically to compare operational processes, cost structures, governance mechanisms, and risk management features of blockchain-enabled and traditional payment systems. The findings indicate that blockchain technology significantly reduces transaction costs, enhances settlement speed, and improves transparency in cross-border payments. However, challenges related to regulatory fragmentation, scalability, interoperability, and cybersecurity remain substantial barriers to large-scale adoption. The study concludes that blockchain technology has the potential to revolutionize global cross-border payments, particularly when supported by regulatory harmonization and institutional collaboration.
THE FUTURE OF DECENTRALIZED FINANCE (DEFI): DISRUPTING TRADITIONAL BANKING MODELS Amir Raza; Roya Zahir
Journal Markcount Finance Vol. 4 No. 2 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i2.3736

Abstract

The rapid advancement of blockchain technology has given rise to Decentralized Finance (DeFi), a financial ecosystem that operates without traditional intermediaries and challenges the foundational structures of conventional banking. DeFi platforms enable peer-to-peer financial services through smart contracts, offering increased transparency, accessibility, and efficiency. This study aims to analyze the potential of DeFi to disrupt traditional banking models by examining its core mechanisms, value propositions, and structural differences from centralized financial institutions. The research seeks to assess both the opportunities and challenges posed by DeFi in reshaping financial intermediation. A qualitative analytical approach was employed, drawing on an integrative review of peer-reviewed literature, industry reports, and documented DeFi case examples. Data were analyzed through thematic synthesis to compare DeFi functionalities with traditional banking operations, focusing on governance, risk management, and financial inclusion. The findings indicate that DeFi introduces innovative financial models that reduce transaction costs, expand access to financial services, and enhance operational transparency. The study concludes that DeFi represents a transformative yet complementary force rather than a complete replacement for traditional banking. Its future impact will depend on regulatory adaptation, technological maturity, and institutional integration.
IBN KHALDUN'S PHILOSOPHY OF ECONOMICS: BIBLIOMETRIC ANALYSIS AND DESCRIPTIVE QUALITATIVE STUDIES: Bibliometric Analysis and Descriptive Qualitative Studies Wahyu Hidayat; Syaripudin Hidayat
Journal Markcount Finance Vol. 4 No. 2 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i2.3761

Abstract

The purpose of this study is to see how Ibn Khaldun's philosophy of economics evolved from scientific publications published from 2019 to 2024. In addition, using bibliometric methods and descriptive qualitative analysis, this study will also investigate the conceptual structure of Ibn Khaldun's thought. The Publish or Perish (PoP) software, which has an initial count of 200 articles, uses Google Scholar to obtain research data. To perform bibliometric analysis, VOSviewer is used to observe the relevance of keywords and the tendencies of the research theme. Qualitative analysis shows that Ibn Khaldun's economic thought has an ontological, epistemological, and axiological structure that is coherent and relevant to the development of modern Islamic economics. The results of the analysis show that his thinking is predominantly associated with Islamic economics and Islam as a normative foundation. This study shows that there has been variation in research on how the philosophy of economics developed systematically and integratively based on Ibn Khaldun's thought.
THE PARADOX OF AI PERSONALIZATION: DECIPHERING THE INTERPLAY BETWEEN ALGORITHMIC CUSTOMIZATION AND CONSUMER PRIVACY ANXIETY IN E-COMMERCE Anisa Rosdiana; Kaito Tanaka; Riko Kobayashi
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.3880

Abstract

Artificial intelligence has transformed e-commerce through algorithmic personalization systems that provide customized recommendations, predictive advertising, and individualized shopping experiences. By analyzing behavioral and transactional data in real time, these systems enhance consumer convenience, purchasing efficiency, and platform engagement. However, increased reliance on data collection and predictive analytics has intensified concerns regarding privacy intrusion, surveillance, and loss of control over personal information. This study aimed to examine the relationship between AI-driven personalization and consumer privacy anxiety in e-commerce environments. Particular attention was given to the effects of algorithmic customization on consumer trust, purchase intention, perceived convenience, emotional discomfort, and privacy-related concerns. A mixed-methods explanatory sequential design was employed involving 450 active e-commerce consumers from five major online shopping platforms. Quantitative data were collected through standardized questionnaires, while qualitative data were obtained through behavioral simulations, reflective response forms, and semi-structured interviews. Structural equation modeling, regression analysis, and correlation testing were used to examine relationships among variables. Results revealed that AI personalization significantly increased consumer engagement, perceived shopping convenience, and purchasing intention. Nevertheless, privacy anxiety and surveillance concerns remained evident despite positive attitudes toward personalization benefits. Perceived algorithmic transparency and greater consumer control over personal data reduced emotional discomfort and strengthened trust in digital platforms. These findings indicate that sustainable AI personalization requires the integration of technological efficiency, ethical transparency, consumer empowerment, and responsible data governance.
THE PREMIUM OF TRANSPARENCY: ASSESSING THE NON-LINEAR IMPACT OF ESG RATING DISCREPANCIES ON CORPORATE COST OF DEBT DURING MACROECONOMIC UNCERTAINTY Wulandari Sungkowo Tri Putri; Syafiq Amir; Haziq Idris
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.3929

Abstract

Environmental, Social, and Governance (ESG) ratings have become increasingly influential in shaping corporate financing decisions and stakeholder assessments within global capital markets. Growing reliance on ESG information has enhanced the importance of transparency and sustainability disclosures; however, substantial discrepancies among ESG rating providers continue to raise concerns regarding information reliability, comparability, and credibility. Such inconsistencies may create uncertainty for creditors, particularly during periods of macroeconomic instability when risk assessment becomes more challenging. This study aims to examine the non-linear impact of ESG rating discrepancies on corporate cost of debt and to evaluate the moderating role of macroeconomic uncertainty in shaping this relationship. A quantitative research design employing panel data analysis was utilized. The study analyzed publicly listed non-financial firms observed between 2014 and 2023, using ESG ratings obtained from multiple providers alongside financial and macroeconomic indicators. Non-linear regression models and interaction analyses were applied to assess the effects of ESG rating divergence on borrowing costs. Findings indicate that ESG rating discrepancies are positively associated with corporate cost of debt and that this relationship follows a non-linear pattern. Borrowing costs increase modestly at lower levels of divergence but rise substantially once discrepancies exceed critical thresholds. Macroeconomic uncertainty significantly amplifies these effects, increasing creditor sensitivity to sustainability-related information ambiguity. The study concludes that transparency represents a valuable financial asset, as firms demonstrating greater ESG rating consistency benefit from lower financing costs and stronger creditor confidence during uncertain economic conditions.
CIRCULAR ECONOMY FINANCING: DEVELOPING MODELS FOR SUSTAINABLE SMALL AND MEDIUM ENTERPRISES (SMES) Djames Siahaan
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.3990

Abstract

Transitioning from linear economic systems toward circular economy models has become a strategic priority for achieving sustainable development. Small and Medium Enterprises (SMEs) play a crucial role in this transition due to their significant contribution to economic growth, employment creation, and innovation. This study aims to develop an integrated financing model that supports circular economy implementation while enhancing environmental performance, organizational resilience, and long-term business sustainability. A mixed-methods research design was employed, combining qualitative exploration with quantitative analysis. Data were collected from SME owners, managers, financial professionals, and sustainability practitioners. Structural Equation Modeling was utilized to examine relationships among financing accessibility, financial innovation, circular economy implementation, environmental performance, and sustainable business outcomes. Findings reveal that financing accessibility and financial innovation significantly influence circular economy adoption and organizational resilience. Environmental performance was found to mediate the relationship between circular business practices and sustainable business outcomes. The study concludes that an integrated circular economy financing model can serve as an effective mechanism for accelerating sustainable SME transformation. Financial ecosystems that combine accessible capital, innovative financial products, and sustainability objectives are essential for supporting circular economic development.  
CORPORATE TAX FAIRNESS IN THE DIGITAL ECONOMY: AN EVALUATION OF OECD PILLAR TWO IMPLEMENTATION Detti Meilandri; Khalil Zaman; Rafiullah Amin
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.3991

Abstract

Rapid digitalization has transformed global business operations and intensified challenges associated with corporate taxation. Multinational enterprises increasingly generate substantial profits across jurisdictions without maintaining significant physical presence, creating opportunities for profit shifting, tax avoidance, and disparities in effective tax rates. OECD Pillar Two was introduced as part of the OECD/G20 Inclusive Framework to establish a global minimum corporate tax and reduce harmful tax competition. This study aims to evaluate the effectiveness of OECD Pillar Two implementation in promoting corporate tax fairness within the digital economy. A qualitative policy evaluation approach was employed through systematic analysis of international tax policy documents, OECD reports, governmental publications, and peer-reviewed academic literature published between 2021 and 2025. Findings indicate that Pillar Two has significant potential to reduce incentives for profit shifting, strengthen alignment between economic activity and tax liabilities, and enhance international tax cooperation. Evidence further suggests that successful implementation depends heavily on administrative capacity, regulatory coordination, and institutional readiness across jurisdictions. The study concludes that OECD Pillar Two represents a substantial advancement in global tax governance and corporate tax fairness; however, long-term effectiveness requires consistent implementation, strong enforcement mechanisms, and sustained international collaboration.  
A QUALITATIVE STUDY OF FIXED ASSET ACCOUNTING INFORMATION SYSTEM AT PT HASJRAT ABADI MANADO Fillycia Imanuela Samuri; Opa Mustopa; Anneke Marie Kaunang; Siti Mariam
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.3993

Abstract

This study analyzes the implementation of a fixed asset accounting information system, PSAK 16 conformity, and COSO-based internal control at PT Hasjrat Abadi Manado Branch. The study aims to examine how the system supports asset recording, coding, depreciation, reporting, monitoring, and decision-making in the management of equipment assets. A descriptive qualitative approach was used because the research focuses on field-based procedures, control practices, and operational constraints rather than statistical hypothesis testing. Data were collected through interviews, observation, and documentation, then analyzed through data reduction, data display, conclusion drawing, and triangulation. The findings show that SBO or SAP Business One has been used since 2014 and has improved six main process areas: asset acquisition recording, asset coding, acquisition cost recording, depreciation calculation, asset location tracking, and report preparation. Based on qualitative benchmarks from field evidence, recording, coding, reporting, and data retrieval were relatively strong, while depreciation accuracy, disposal timeliness, and monitoring remained moderate because they depend on correct asset classification, document completeness, and physical verification. The main weaknesses include input errors, delayed supporting documents, non-real-time updates, annual-only physical inspections, and the absence of automatic reminders. These weaknesses may delay maintenance, replacement, and disposal decisions and may reduce the reliability of asset information. The novelty of this study lies in its integrated analysis of fixed asset accounting information systems, PSAK 16, and COSO-based internal control at the branch level. The findings imply that stronger validation, more frequent physical inspection, real-time updates, and better branch–head office integration are needed.
INNOVATIONS IN SMART ACCOUNTING SYSTEMS TO ACHIEVE EFFICIENCY AND ACCURACY IN FINANCIAL MANAGEMENT Sifaul Anwar; Retno Paryati; Luis Santos
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v4i3.4025

Abstract

The massive growth of digital technology has had a significant impact on financial management systems and accounting practices across various types of organizations. Conventional accounting models that still rely on manual processes often face various challenges, including a high potential for errors in transaction recording, slow preparation of financial statements, low operational effectiveness, and limitations in generating timely and relevant information to support decision-making. This study aims to evaluate the role of intelligent accounting systems in improving the quality of financial management, particularly regarding the efficiency of work processes and the accuracy of the financial information generated. The approach used in this study is a literature review employing qualitative methods, drawing from various academic sources such as scientific articles, reference books, research reports, and other relevant documents discussing the development of contemporary accounting technology. The results of the study indicate that the implementation of such systems is capable of optimizing financial administration processes through the automation of various accounting activities, accelerating data processing and presentation, reducing the risk of errors caused by human factors, and enhancing transparency and accountability in financial management. Thus, the implementation of a smart accounting system can serve as an innovative solution that plays a crucial role in achieving financial management that is more efficient, reliable, and responsive.
EXTREME VULNERABILITY EVALUATION IN INTEGRATED POTATO SUPPLY CHAINS: SCOR APPROACH AND LIKELIHOOD-IMPACT MAPPING Ujang Apriansyah; Endang Tri Astutiningsih; Ashrul Tsani; Zhang Li
Journal Markcount Finance Vol. 4 No. 3 (2026)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study quantifies the extreme vulnerability of the integrated potato supply chain at PT Fujitake Shouten, Nagasaki, Japan, amidst intersecting macroeconomic, demographic, and climate crises. By integrating the Supply Chain Operations Reference (SCOR) model with a Likelihood-Impact matrix, this research systematically prioritized 40 operational risk events validated through stakeholder consensus to assess the systemic fragility of fresh produce logistics. Empirical results reveal a dominant concentration of threats within the “High” and “Very High” risk categories, confirming an operational environment with a near-zero margin of error. The analysis identified a critical domino effect where rural labor shortages necessitate rough mechanical harvesting, causing physical tuber damage that accelerates metabolic respiration and spoilage during cold storage, ultimately disrupting financial liquidity and downstream retail performance. To mitigate these cascading failures, the study provides a data-driven framework where specific interventions notably precision cold-chain temperature management and visual quality controls are directly linked to risk reduction. These findings offer an actionable strategy for agribusiness entities to transition from reactive measures to proactive resilience, effectively stabilizing cash-to-cash cycles in vertically integrated supply chains.

Page 10 of 11 | Total Record : 102

 7   8   9   10   11 

Filter by Year

2023 2026


Reset
Filter By Issues
All Issue Vol. 4 No. 4 (2026) Vol. 4 No. 3 (2026) Vol. 4 No. 2 (2026) Vol. 4 No. 1 (2026) Vol. 3 No. 3 (2025) Vol. 3 No. 2 (2025) Vol. 3 No. 1 (2025) Vol. 2 No. 3 (2024) Vol. 2 No. 2 (2024) Vol. 2 No. 1 (2024) Vol. 1 No. 3 (2023) Vol. 1 No. 2 (2023) Vol. 1 No. 1 (2023) More Issue