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INDONESIA
Indonesian Journal Of Business And Economics
Published by Universitas Kuningan
ISSN : -     EISSN : 26214466     DOI : -
Core Subject : Economy,
Indonesian Journal of Business and Economics (IJBE) is a peer-reviewed journal published by the Faculty of Economics, University of Kuningan, Indonesia. This journal is a biannual publication that serves as a platform for disseminating the development of knowledge through researches. It is also a forum for academicians all over the world to share and discuss ideas related to accounting, management, and economics. This journal which is published on June and December covers, but not limited to, accounting, financial management, human resources management, operational management, marketing management, strategic management, development economics, international economics, and Islamic economics.
Arjuna Subject : -
Articles 60 Documents
The extent of accessibility of microfinance services by SMEs owned by Women Taonga N/A Kueredza
Indonesian Journal Of Business And Economics Vol 5, No 2 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i2.7779

Abstract

This study sought to establish the extent of accessibility of microfinance services by Women SMEs in Zimbabwe. There is a growing importance and contribution of women-owned Small and Medium enterprises (SMEs) to economies’ in the world to their economic growth and employment creation. However, the majority of SMEs continue to face constraints in their access to resources, and women-owned SMEs are not spared resulting in entrepreneurial gender financing gap. This study’s purpose was to develop a framework for enhancing access to finance from microfinance institutions (MFIs) to women-owned small and medium enterprises (SMEs) in Harare, Zimbabwe. This study was motivated by the inadequacies in the frameworks existing in both developed and developing countries including Zimbabwe, that holistically address enhanced financial access to credit from MFIs by women-owned SMEs. A cross-sectional, mixed method study was employed with both quantitative and qualitative methods being utilised. The collected quantitative data were analysed using factor analysis with the help of Statistical Package for Social Sciences (SPSS version 26) while qualitative data was analysed using thematic analysis with the help of NVivo (version 11). The key findings that comprised the developed framework of enhanced financial access from MFIs by women-owned SMEs revealed that facilitating factors are: women SME support systems, efficient infrastructure, collaborations, and regulated interest rates. On financial access constraints faced by women-owned SMEs, the findings are; women SME’s informality, inadequate infrastructure, MFI’s prohibitive charges, poor financial position, illiteracy, non-sensitised MFI products and services, stereotyping and lack of collateral. Lastly, the appropriate and affordable financial products and services at the women SMEs’ disposal are MFIs’ innovative products and services, sufficiently capitalised MFIs, capacity building, business capital, micro-Insurance, group loans, financial literacy and business start-up coaching, online applications and government support. The study developed a framework that assists MFIs and women-owned SMEs to enhance accessibility to finance between them. The framework informs policy that achieves gender responsiveness, equality and equity for both male and female entrepreneurial financing initiatives for an inclusive and sustainable economic growth and development.Keywords: Microfinance, Accessibility, Microfinance institutions, Women-owned small and medium enterprises, Microfinance products and services
Social-Demographic Factors and Wage Determination JIMOH ADAMS LUKMAN
Indonesian Journal Of Business And Economics Vol 5, No 2 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i2.6708

Abstract

Most workers in Nigeria, like other developing nations, find it difficult to sustain themselves and their family despite the adjustment and re-adjustment of the minimum wage. This study, therefore, examined the effect of social-demographic factors such as: Age, Sex, Level of Education and Placements in an organization on wage determination. The study was a descriptive research survey. The population was all the 86 staff of the Federal Ministry of Labour and Productivity, Ilorin. While the study employed both stratified and simple random sampling technique. 60 employees of the ministry served as the study sample size. 66% of the respondents were males, while 34% female. The formulated hypothesis was tested with multiple regression. The result revealed that age, sex, level of education, family size and cadre level of placement of worker jointly predicted employee wage determination. The variable jointly predicted 17% changes observed in the reported employee wage determination. The study concluded that social-demographic factor such as: age, sex, level of education and employee placements in the organization affect wage determination. The study recommends that for an effective policy formulation the policymaker should consider the principle of wage differential because it ensure adequate coverage and measurement of the necessary variables that ought to be included while determining the minimum wage.
RELATIONSHIP BETWEEN FINANCIAL INCLUSION AND ECONOMIC GROWTH: RELATIONSHIP BETWEEN EVIDENCE FROM ARDL MODELLING Ibrahim Musa; Sule Magaji; Ali Salisu; Achi O Peter
Indonesian Journal Of Business And Economics Vol 5, No 2 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i2.7261

Abstract

 ABSTRACTThis study examines the impact of financial inclusion on economic growth in Nigeria from 1986 to 2020. The Zivot-Andrew unit root test was used to examine the statistical characteristics of the data. The Zivot Andrew unit root test shows that while Automated Teller Machines and foreign direct investment are stationary at level, the gross domestic product, commercial bank branches, and phone-based transactions are stationary at first difference. Bound test for long run shows that there is long run relationship among the variables of interest. According to the Auto Regressive Distributive Lag (ARDL) result, commercial bank branches in Nigeria have a short-term, positive, and significant impact on the country's gross domestic product. The Nigerian gross domestic product is negatively impacted by automated teller machines; however, this impact is negligible. The long run coefficient demonstrates positive and statistically significant influence of commercial bank branches on Nigeria's GDP. The Nigerian gross domestic product has positively and statistically significantly impacted by automated teller machines. Mobile phone-based transaction has positive and significant impact on gross domestic product in Nigeria. In Nigeria, foreign direct investment has a positive and statistically significant impact on GDP. Both in terms of sign and size, the error correction term (ECT) satisfies all theoretical and statistical requirements. The ECT coefficient is -0.522626 with a 5% level of significance. This shows that at 52.26 percent, the disequilibrium brought on by the shock in the years before is corrected to the long-term equilibrium in the present year. The Granger causality test demonstrates that while mobile phone-based transactions do not granger cause gross domestic product, commercial bank branches, automated teller machines, domestic depositors' money in banks, and foreign direct investment do. The studies recommend, the Central Bank of Nigeria should push commercial banks to increase the number of automated teller machines in each branch.Keywords: Financial inclusions, FDI, Economic growth ARDLJEL: P43.                 
THE EFFECT OF COMMUNICATION ON EMPLOYEE JOB MOTIVATION AND PERFORMANCE IN DELTA STATE BROADCAST ORGANIZATIONS Ejiroghene AYEWUMI
Indonesian Journal Of Business And Economics Vol 5, No 2 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i2.6479

Abstract

The core of this study was to examine via inferential and descriptive statistics, the statistical correlation between organization communication on employee’s job motivation and job performance in the broadcast organizations in Delta State, Nigeria. This study was anchored on the unitary theory of industrial relations due to its relevance to the scope of this study. To achieve the general and specific objective of this study, the descriptive survey research design was adopted and primary data were obtained from questionnaire responses administered to one hundred and seventy-one staff of the seven broadcast organizations used for the study. Hypotheses were formulated and tested and findings emerged. This chapter therefore presents the summary of this study’s findings, conclusion, contribution to knowledge and recommendations.
The Influence of Return on Assets, Return on Equity, Earnings Per Share, and Price Earning Ratio on The Share Price of PT Unilever Indonesia Tbk Desi Sriwahyuni; Yasir Maulana
Indonesian Journal Of Business And Economics Vol 5, No 2 (2022)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v5i2.7656

Abstract

This study aims to determine the Return On Assets (ROA), Return On Equity (ROE), Earning Per Share (EPS), and Price Earning Ratio (PER) effect on Unilever's stock price. The secondary data used is PT Unilever Indonesia Tbk's financial report data, namely the period 2014 to 2019. The test results together with the variables Return On Assets (ROA), Return On Equity (ROE), Earning Per Share (EPS) and Price Earning Ratio (PER) has a significant influence on stock prices. The results of the partial analysis show that Return On Assets (ROA) and Return On Equity (ROE) have no effect on stock prices while Earning Per Share (EPS) and Price Earning Ratio (PER) have a positive and significant effect on stock prices. With a coefficient of determination of 82.8%, it means that the EPS and PER variables make a dominant contribution to Unilever's share price movements.
Customer Ratings in the Shopee Marketplace Using Consumer Trust as an Intermediate Variable and Their Influence on Purchase Decisions Febby Herlambang; wachjuni wachjuni; Wely Hadi Gunawan
Indonesian Journal Of Business And Economics Vol 6, No 1 (2023)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v6i1.8372

Abstract

This research aimed to examine the influence of customer reviews and ratings on purchase decisions through consumer trust. The population in this study was the West Java society who have used or made purchases on the Shopee marketplace, with a sample size of 180 respondents selected using probability sampling technique. The study utilized 18 statement indicators on a scale of 1-10. Sampling and analysis of the results were conducted using the Structural Equation Modeling (SEM) method with AMOS version 23, which was employed to test the direct influence of customer reviews and ratings on purchase decisions through consumer trust as an intervening variable. The research instrument consisted of a physical questionnaire containing statements and was distributed directly to the respondents. The findings from the tested hypotheses concluded that (1) customer reviews have a positive and significant influence on consumer trust, (2) ratings have a positive and significant influence on consumer trust, (3) customer reviews have a positive and significant influence on purchase decisions, (4) ratings do not influence on purchase decisions, (5) consumer trust has a positive and significant influence on purchase decisions, (6) customer trust partially mediated the influence of customer reviews on purchasing decisions, and (7) customer trust fully mediated the influence of ratings on purchasing decisions.
Factors Affecting Cash Holding (Empirical Study of Property and Real Estate Companies Listed on the Indonesia Stock Exchange for the 2017-2021 Period) Dyah Ratriwulan; Dadang Suhendar; Siti Nuke Nurfatimah
Indonesian Journal Of Business And Economics Vol 6, No 1 (2023)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v6i1.8390

Abstract

AbstractThe purpose of this study is to provide empirical evidence on the Effect of Investment Opportunity Set ̧ Cash Conversion Cycle, Asset Growth, Net Working Capital and Company Size on Cash Holding. The population in this study was 83 companies with sampling techniques used were the slovin method and quota sampling. The sample used in this study is a Property and Real Estate company that has complete financial statement data for 2017-2022. The sample used in this study was 205 financial statement data or 41 companies. The methods used in this study are descriptive method and verificative method. The data analysis technique in this study uses panel data regression analysis. The results of simultaneous tests show that the variables investment opportunity set ̧ cash conversion cycle, asset growth, net working capital and company size together affect Cash Holding.  Based on the partial test results, the variables investment opportunity set ̧ cash conversion cycle, asset growth, net working capital and firm size partially have a significant positive effect on cash holding.Keywords: Cash holding, Investment Opportunity Set, Cash Conversion Cycle, Asset Growth, Net Working Capital, Firm Size
Behavioural organisational factors affecting strategic management practice in urban councils in Zimbabwe Edward Chinongwa Edward
Indonesian Journal Of Business And Economics Vol 6, No 1 (2023)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v6i1.8127

Abstract

The study sought to explore behavioural organisational factors affecting strategic management practice in urban councils in Zimbabwe. A quantitative research approach was adopted in the study with a population of 3031. A cluster sampling technique was adopted where a sample size of 341 professional employees were selected, using the Krejcie Morgan sample size determination table. A questionnaire was adopted in the collection of data after a pilot study and internal consistency was used to test for reliability, where Cronbach’s Alpha co-efficient of above 0.7 confirmed the reliability of the research instrument. SPSS version 23 was used in the analysis of data. Descriptive statistical techniques which involve mean, standard deviation, frequency and percentages were used in the data analysis. Organisational culture, organisational structure and technology innovativeness capability were used as variables for assessment. From the findings, it emerged that organisational culture, organisational structure and technology innovativeness capability have a significant influence in the practice of strategic management in urban councils in Zimbabwe.Key words: behavioural factors, organisational culture, organisational structure, strategic management, technology innovativeness capability  
Punishment through Forgiveness in Workplace: Rediscovering Kiekegaard’s Knight of Faith in the Abraham Story on Punishment and Forgiveness ugo CHUKS okolie
Indonesian Journal Of Business And Economics Vol 6, No 1 (2023)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v6i1.7974

Abstract

Punishment through forgiving is a useful conflict resolution technique that has many advantages in the workplace (for example, for team dynamics, staff members, organizations and dyadic relationships). However, significant conceptual issues have come to light, particularly as academics have started to look at forgiveness in the workplace. This study therefore focuses on punishment and forgiveness that staff members frequently use to overcome their unfavorable reactive attitudes. We conduct a critical review and analysis of the existing literature to identify key conceptual issues that are posing problems for the study of punishment through forgiveness in organizational behavior in order to better understand these problems. According to this study, only a punisher with the personal minds of a Knight of Faith could successfully implement an effective punitive process at work. The story of Abraham served as an example of how God, a Knight of Faith, repaired his relationship with Abraham through punishment and forgiveness. At the individual level, this procedure is comparable to the one used by Nelson Mandela in the South African. The Sarbanes-Oxley Act, passed in response to the Enron and WorldCom scandals, is used as an example of how traditional retributive approaches can be more ineffective in achieving reconciliation and reestablishing effective relationships. This study offers fresh, practical understandings of how to facilitate and effectively manage punishment through forgiveness in the workplace. Based on these observations, we concluded that unfavorable reactive attitudes can dominate a staff member's thoughts and keep them from having positive attitudes and feelings at work. As a result, employees frequently look for ways to effectively and productively get rid of their negative reactive attitudes.
The Effect of Customer Engagement on Customer Loyalty Through Customer Satisfaction at Shopee Hilda Fauziyah; Iskandar Iskandar; Wachjuni Wachjuni
Indonesian Journal Of Business And Economics Vol 6, No 1 (2023)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v6i1.8366

Abstract

This study aims to determine whether Customer Satisfaction (Z) completely mediates or partially mediates the relationship between Customer Engagement (X) and Customer Loyalty (Y). The research problem addressed the lack of loyalty towards the Shopee marketplace, as preliminary survey results indicated obstacles such as difficulties in returning products and funds, inability to choose preferred shipping services, and negative experiences that deterred revisiting the Shopee website. The sample for this study consisted of students in Kuningan Regency. The author employed the survey method and distributed questionnaires through Google Forms to 140 respondents. Data collection was conducted using questionnaires, and the measurement used an interval scale. The data obtained were analyzed used the mediation regression analysis method, which involved testing simple regression analysis and multiple regression analysis to determine whether Customer Satisfaction (Z) completely mediates or partially mediates the relationship between Customer Engagement (X) and Customer Loyalty (Y). The analysis was performed used Statistical Program for Social Sciences (SPSS) version 23. The testing results of the proposed hypotheses led to the conclusion that (1) Customer Engagement has a positive and significant influence on Customer Loyalty. (2) Customer Satisfaction (Z) completely mediates the relationship between Customer Engagement (X) and Customer Loyalty (Y).