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  • A Blood Supply Chain Optimization Model to Determine Optimal Collected Blood and Vehicle Routing Considering Demand Shortage

    Authors: I Made Aryantha Anthara ; Cucuk Nur Rosyidi ; Wakhid Ahmad Jauhari ; Pringgo Widyo Laksono

    DOI: 10.1109/IEEM58616.2023.10406386

    Abstract

    This paper discusses the development of an optimization model involving four echelons: donor, blood center, blood mobile and hospital. The blood collection can be done at the blood center and the blood mobile. The blood mobile should determine its optimal routing in order to collect the blood from each city to minimize the total relevant cost. All collected blood are pooled in blood center which then deliver the blood to the hospitals in satisfying the demand. To assist the distribution of blood from the blood mobile to the blood center, this article also discusses the usage of shuttle and blood mobile that can be utilized on a daily basis. This research aim to reduce blood supply chain cost by develops a mix integer linier programming. The model also considers the blood shortage of blood in the hospital due to unsatisfied demand. © 2023 IEEE.

    Author keywords

    Blood supply chain; hospital; inventory; shortage; vehicle routing

    This article can be accessed at: https://www.scopus.com/pages/publications/85186089496

  • Improving The Quality of Financial Statements and The Survival of MSMES Through Digital Economy: The Case of Indonesia and Malaysia

    Authors: Adeh Ratna Komala, Dony Waluya Firdaus

    Abstract

    This research aims to assess the extent to which the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the digital economy of MSMEs in Malaysia. The analytical approach was then utilized to examine validity, reliability, classical assumptions, analysis path, and hypothesis testing using the t-test in SPSS version 23.0. The results of hypothesis testing in this research show that the digital economy affects the quality of financial statements and has a unidirectional relationship with strong categories. These findings suggest that the digitalization of the economy is critical for MSMEs because it lowers operational costs and exposes them to a broader range of potential customers. MSMEs must be technologically literate for their businesses to grow and survive in response to market demands. The issue in Indonesian MSMEs is that they need direct access to financial services, resulting in lower operational profitability and difficulty obtaining profits. Technology literacy becomes a solution for ensuring business continuity. Like Indonesia, Malaysia is also concerned about MSMEs’ business sustainability, which inspired them to achieve the goal of making Malaysia the center of economic digitalization. This goal would involve technological advances, indicating that MSMEs in Indonesia and Malaysia can improve their financial gain through digital transformation. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    Digital economy; MSMEs; quality of financial statements

    This article can be accessed at: https://www.scopus.com/pages/publications/85172761968

  • Capital Structure, Profitability, Hedging Policy, Firm Size, 

    and Firm Value: Mediation And Moderation Analysis

    Authors: Erik Syawal Alghifari ; Ikin Solikin ; Nugraha ; Ika Waspada; Maya Sari ; Lilis Puspitawati

    DOI: 10.15549/jeecar.v9i5.1063

    Abstract

    This study aims to ascertain how the capital structure affects firm value via profitability moderated by hedging practices and firm size. Verification analysis is used in this study, with data analysis techniques through conditional process analysis. Companies from miscellaneous industrial sectors that were listed on the Indonesia Stock Exchange between 2016 and 2020 make up the research population. The study showed that: capital structure affects profitability; capital structure and profitability affect firm value; profitability does not mediate the effect of capital structure on firm value, which is moderated by hedging policies and firm size; hedging policies and firm size do not moderate the indirect effect of profitability on firm value. This conclusion is crucial for decision-makers who aim to optimize the structure to raise the business value. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    capital structure; firm size; Firm value; hedging policy; profitability

    This article can be accessed at https://www.scopus.com/pages/publications/85141140811

  • Enhancing Startup Business Performance Through Iterative Strategies and Lean Programs: Insights from Capital Cities in Indonesia to Unlock Central Asia’s Potential

    Enhancing Startup Business Performance Through Iterative Strategies and Lean Programs: Insights from Capital Cities in Indonesia to Unlock Central Asia’s Potential

    Authors: Muhammad Fahreza Aulia, Dini Turipanam Alamanda, Ubaidillah Zuhdi, Grisna Anggadwita, Dinar Mariam Kurniati, Eddy Soeryanto Soegoto

    DOI: 10.14453/aabfj.v18i4.13

    Abstract

    This study investigates the influence of the startup ecosystem on startup business performance in Capital Cities (Jakarta, Bogor, Depok, Tangerang, and Bekasi), emphasizing the roles of iterative incremental strategies and lean startup programs. This study also examines the similarities between Central Asian countries like Kazakhstan, Uzbekistan, and the Indonesia region. Central Asian countries face unique challenges, including less mature ecosystems, regulatory hurdles, and cultural attitudes toward entrepreneurship. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) on data from startups aged 1-10 years, the research reveals that these strategies significantly mediate the relationship between ecosystem support and startup success, enhancing market optimization, innovation, and sustainability. Startups achieve better financial and nonfinancial outcomes by effectively leveraging ecosystem structures through agile methodologies. By drawing on capital city experiences, Central Asian policymakers can improve startup environments through robust support structures, regulatory clarity, and education on agile methodologies. This research offers a model for enhancing startup business performance via ecosystem support and strategic agility, informing policy and program development in other regions. © 2024, University of Wollongong. All rights reserved.

    Author keywords

    Iterative Strategies; Lean Startup Programs; Startup Business Performance; Startup Ecosystem

    This article can be accessed at https://www.scopus.com/pages/publications/85217047456

  • Implementation of Community-Based Android Application to Accommodate Public Aspiration in Economic Activities in Indonesia

    Authors: Rino Adibowo ; Rahadi Rahadi ; Ran Liu

    DOI: 10.15549/jeecar.v10i1.1078

    Abstract

    The purpose of this study is to see how optimizing the use of community-based smartphone apps to accommodate the community’s aspirations in economic activities in Karawang. The Department of Communications and Informatics of Karawang manages the process. The theory used in this study uses the theory of George C. Edwards III, in which there are four policy implementation variables. The results showed that the socialization carried out by the Communication and Informatics Office of Karawang to the community had been carried out according to the procedure but was not maximized evenly. This was because the resources had not been maximized in responding to incoming reports, and the complete support facilities were not yet available to manage smartphone apps. So, it can be concluded that the Department of Communication and Information Karawang needs a solution to solve this problem. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    Android application; community-based; implementation; public aspiration

    This article can be accessed at: https://www.scopus.com/pages/publications/85146870207

  • How Important is Financial Inclusion for the Performance of MSMEs?

    How Important is Financial Inclusion for the Performance of MSMEs?

    Author: Febriansyah A. ; Syafei M.Y. ; Narimawati U. ; Chochole T. ; Stakic A.J.

    DOI: 10.14453/aabfj.v18i5.04

    Abstract:

    This research explores the significance of financial inclusion for the performance of micro, small, and medium enterprises (MSMEs). Employing a mixed-method approach comprising qualitative and quantitative analyses, including descriptive and structural equation modeling analyses, the study gathers primary data through distributed questionnaires to MSMEs. The validity of the data is assessed through validity, reliability, and goodness-of-fit tests. Findings from previous research indicate a significant positive impact of financial inclusion on the performance of MSMEs, suggesting a strong relationship between financial inclusion and MSME performance. This correlation implies that increased financial inclusion enhances MSME performance, underscoring the crucial role of financial inclusion in fostering the growth and success of micro and small enterprises. The research informs government efforts to boost financial inclusion, enhancing MSME performance. Improved access to financial institutions in Indonesia for MSMEs is expected to lead to enhanced sales growth, customer expansion, and increased profitability, ultimately benefiting the broader economy. © 2024, University of Wollongong. All rights reserved.

    Author Keywords:

    Financial Inclusion; MSMEs; MSMEs Performance; Performance

  • The Effect Of Profitability and Corporate Financial Distress on Auditor Turnover in Indonesia

    Author: Surtikantia Surkanti ; Dean Subhan Saleh ; Sharifah Norzehan Syed Yusuf ; Rayna Ratua Nindyas ; Sri Dewia Anggadini ; Alib Jamaluddin

    DOI: 10.15549/jeecar.v10i1.1050

    Abstract

    This study aimed to determine the effect of profitability and corporate financial distress on auditor turnover in Indonesia. This study uses descriptive and verification methods with a quantitative approach. The population used in this study are 56 annual financial statements of Manufacturing Companies in the Pharmaceutical Sub-Sector listed on the Indonesia Stock Exchange. The results showed that profitability had a significant effect on auditor turnover. This indicates that the profitability of a developed company has substantial funds to replace a better auditor. While the company’s financial distress has no significant effect on auditor turnover, the change of auditors will ensure the company’s financial condition so that auditor changes will not be carried out when the company is in financial distress. The impact of this research is that manufacturing companies can consider this when deciding to change auditors. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    auditor switching; company financial distress; profitability

    This article can be accessed at: https://www.scopus.com/pages/publications/85146870378

  • Marketing Innovation: Development Strategy of Private University in Indonesia

    Authors: Mirza Abdi Khairusy ; Ratih Hurriyati ; Suwatno Suwatno ; Vanessa Gaffar ; Puspo Dewi Dirgantari ; Soni Mulyawan Setiana

    DOI: 10.15549/jeecar.v9i5.1073

    Abstract

    This research aims to determine the role of marketing innovation in developing the private university using the Structure Equation Model (SEM) analysis technique SmartPLS 3.0 through a quantitative survey design. The population in this study is new students from 21 private universities spread across the city of Serang. The sampling technique used purposive with a sample determination of 180. This study found that marketing innovation and brand image provided a competitive advantage and were used for student purchase intention considerations. This research contributes to steps that organizations can use in obtaining purchase intention. The COVID-19 pandemic has significantly impacted the economy and the field of higher education, especially private universities. The pandemic resulted in the closure of universities. It increased competition within the education sector in private universities through various approaches by academic institutions to provide higher-quality education during the COVID-19 restrictions. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author Keywords

    brand image; competitive advantage; marketing innovation; purchase intention

    This article can be accessed at https://www.scopus.com/pages/publications/85141199105?

  • Adoption of Integrated Micro Banking Systems in Microfinance Institutions: An Analysis Using the Theory Acceptance Model

    Adoption of Integrated Micro Banking Systems in Microfinance Institutions: An Analysis Using the Theory Acceptance Model

    An Analysis Using the Theory Acceptance Model

    Author: Eti Kusmiati ; Lita Wulantika; Irfan Rizki Gumilar; Eka Yuliana; Prima Satriya Januarta

    DOI: 10.14453/aabfj.v18i5.05

    Abstract:

    This study examines the adoption of Integrated Micro Banking System technology using the Theory Acceptance Model in PT Lembaga Keuangan Mikro (MFI). Employing quantitative research methods with descriptive and associative approaches, the study focused on users of the Integrated Micro Banking System at PT LKM Garut Regency. A total of 83 individuals were sampled using a census sampling technique. Data was analysed using the Structural Equation Method – Partial Least Square (SEM-PLS). The findings showed that all six hypotheses developed supported the researchers’ initial guesses. Perceived Usefulness, Perceived Ease of Use, Perceived Trust, and Attitude, directly or indirectly, can explain and predict users’ adoption of Integrated Micro Banking System technology. Therefore, these results serve as a valuable reference, especially for the management team of Microfinance Institutions in adopting technology and formulating relevant policies. © 2024, University of Wollongong. All rights reserved.

    Author Keywords:

    Integrated Micro Banking System; Microfinance Institutions; Theory Acceptance Model

    This article can be accessed at https://www.scopus.com/pages/publications/85215129743

  • Sustainability Performance Impact of Corporate Performance in Indonesia Banking

    Author: Triyono Adi Tristanto ; Nugraha ; Ikaputera Waspada ; Mayasari ; Poni Sukaesih Kurniati

    DOI: 10.15549/jeecar.v10i4.1364

    Abstract

    The study empirically investigates how the sustainability performance affects corporate performance through Leverage which is moderated by managerial and institutional ownership. This research employs verification analysis and data analysis techniques based on conditional process analysis. Financial Sector Companies, especially Banks listed on the Indonesia Stock Exchange from 2018 to 2021, constitute the study population. The study’s findings indicate that: Leverage mediates the impact of Sustainability Performance on Corporate Performance which is moderated by Institutional Ownership, Managerial Ownership moderates the impact of Sustainability Performance on Corporate Performance and moderating the impact of Leverage on Corporate Performance, Institutional Ownership moderates the impact of Sustainability Performance on Corporate Performance and Institutional Ownership moderates the impact of Leverage on Corporate Performance. This conclusion is crucial for decision-makers who want to maximize sustainability performance to boost business performance. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    corporate governance; corporate performance; institutional ownership; leverage; managerial ownership; sustainability performance

    This article can be accessed at: https://www.scopus.com/pages/publications/85164126398