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  • Strategies for Improving Air Connectivity in Indonesia through the Indonesian, Malaysia and Thailand Growth Triangle Cooperation

    Strategies for Improving Air Connectivity in Indonesia through the Indonesian, Malaysia and Thailand Growth Triangle Cooperation

    Author: Suharto Abdul Majid ; Reflyndra Yundriana ; Irzan Soepriyadi ; Yosi Pahala ; Peppy Fachrial ; Agus Setiawan ; Aditya Wardana ; Atong Soekirman ; Nofrisel1 ; Basri Fahriza ; Nina Kurnia Hikmawati ; Endri

    DOI: 10.36941/ajis-2022-0125

    Abstract

    Indonesia, Malaysia, Thailand Growth Triangle (IMT-GT) is a sub-regional collaboration formed to accelerate economic transformation in less developed regions. The Growth Triangle is the basis of an economic concept driven by a strong political commitment. Through one of the sectors within the IMT-GT framework, the sub-regional cooperation in air transportation, Indonesia supports and plays an active role in implementing IMT-GT activities. In terms of implementation, it proposes flight points between the IMT-GT regions to improve air connectivity between these countries. The purpose of this study is to formulate the best strategy formulation for Indonesian government policymakers, in this case, the Directorate General of Civil Aviation, Ministry of Transportation, to deal with IMT-GT cooperation. This research uses a qualitative approach with a SWOT analysis method and a grand strategy matrix. The research locus was carried out at the Directorate General of Civil Aviation of the Ministry of Transportation of the Republic of Indonesia in 2019 with 6 key informants who have competencies and strategic positions at the Directorate General of Civil Aviation. © 2022 Majid et al.

    Author keywords

    Air Connectivity; IMT-GT Cooperation; Strategic Management

    This article can be accesed at: https://www.scopus.com/pages/publications/85138620566

  • Digitalization And Informal Msme: Digital Financial Inclusion For Msme Development in The Formal Economy

    Digitalization And Informal Msme: Digital Financial Inclusion For Msme Development in The Formal Economy

    Author: Siti Kurnia Rahayu, ; Isniar Budiarti; Dony Waluya Firdaus; Viktoriya Onegina

    DOI: 10.15549/jeecar.v10i1.1056

    Abstract

    This study examines digital financial inclusion and uses Fintech for informal micro small and medium enterprises (MSMEs) to overcome the financing gap. The researchers used primarily qualitative methods, namely a qualitative analysis strategy verification through inductive analysis. The results show that Indonesia’s fintech landscape makes MSME a driver of the digital economy so that they can overcome the financing gap in the informal sector. The challenges faced by Fintech in encouraging MSME business efficiency in the form of unbalanced agency distribution, data security, data access problems, low digital financial literacy, low connectivity, and interoperability can be overcome by taking advantage of existing opportunities. These opportunities include the role of MFIs and cooperatives in promoting financial inclusion and the development of telecommunications infrastructure networks in Indonesia. The novelty of this research is the comprehensive evaluation of achieved progress in digital financial inclusion for MSMEs in Indonesia and the developed recommendation for regulations by relevant authorities to encourage the business efficiency of MSMEs through facilitating digital financial inclusion. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    digitalization; financial inclusion; innovation; loans; micro small and medium enterprises (MSMEs)

    This article can be accessed at:  https://www.scopus.com/pages/publications/85146857749

  • The Impact Of The Russia-Ukraine War On The European Union Economy

    The Impact Of The Russia-Ukraine War On The European Union Economy

    Author: Andrias Darmayadi ; Nikolay Megits

    DOI: 10.15549/jeecar.v10i1.1079

    Abstract

    This study aims to see the impact of the Russo-Ukrainian War on the European Union economy. It uses a qualitative descriptive method. This method answers research questions requiring an explanation and understanding of social activities due to the war. In this descriptive research, we evaluate aimed to evaluate the impact of the Russo-Ukrainian War on the European Union Economy. The results of this study indicate that the European Union’s economy was greatly affected by this war, starting from the disruption of trade relations between Russia and the European Union in all fields, especially in the energy sector, to the creation of high inflation rates in developing countries. With this, of course, the economy and stability in the European Union will be interrupted and causing an economic crisis in many European countries. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    economy; European Union; Russia; Ukraine; war

    This article can be accessed at: https://www.scopus.com/pages/publications/85146896294

  • The Relationship Between E-Learning And Student Satisfaction as Marketing Strategy: A Case Study at A Private University

    The Relationship Between E-Learning And Student Satisfaction as Marketing Strategy: A Case Study at A Private University

    Authors: Eddy Soeryanto Soegoto ; Senny Luckyardi ; Rizky Jumansyah ; Herry Saputra ; Niël A Kruger

    DOI: 10.15549/jeecar.v9i5.1052

    Abstract

    Universities have incorporated e-learning into their educational structures because of the unanticipated transition from conventional learning to digital and hybrid learning methods to the closure of educational facilities during the COVID-19 pandemic. This study aims to ascertain how e-learning influences students’ satisfaction at private universities and to develop a marketing strategy to keep institutions of higher learning competitive throughout the COVID-19 or similarly disrupting events. In the study, we utilise a quantitative descriptive method. Collecting data was done by distributing e-questionnaires to students at a private university in Bandung. The sampling technique used random sampling with 245 respondents. The data was subjected to numerous linear regression analyses using SPSS. ICT, ESQ, and EIQ are the study’s dependent variables, and e-learning is the study’s independent variable. The findings indicate that all variables influence and significance of e-learning and students’ satisfaction with 65.9%, which can enhance learning outcomes in private universities. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    Digital transition; education; electronic-learning; hybrid education; systemic disruption

    This article can be accessed at: https://www.scopus.com/pages/publications/85141141950

  • Digital Entrepreneurship Strategy in the Tourism Business of the Tourism 4.0 Era

    Authors: Poni Sukaesih Kurniati ; Suryanto

    DOI: 10.15549/jeecar.v10i6.1503

    Abstract

    This research analyzes digital entrepreneurship strategies by tourism industry players in Tourism 4.0. The research method used in this research is descriptive with a qualitative approach. Primary data sources come from the results of in-depth interviews with informants. In comparison, secondary data sources are obtained from the search results of research results and statements of informants published in the media. The data that has been obtained is triangulated before being analyzed. The study results stated that digital entrepreneurship in the Indonesian tourism industry is multiplying. Several factors that support the growth of digital entrepreneurship include internet penetration, large population demographics, and digitization in the tourism industry. Digital entrepreneurship actors in the tourism industry are implementing several strategies to survive during and after the Covid-19 pandemic and entering the era of Tourism 4.0. This strategy successfully attracts tourists to continue to carry out tourism activities. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author Keywords

    digital entrepreneurship; nomadic; staycation; storynomics; tourism 4.0

    This article can be accessed at https://www.scopus.com/pages/publications/85178293867?

  • The Environmental Uncertainty, Manager Competency And Its Impact on Successful Use of Financial Applications in The Covid-19 Pandemic Era

    Authors: Lilis Puspitawati ; Lesi Hertati ; Wahyudin Zarkasyi ; Harry Suharman ; Haryono Umar

    DOI: 10.15549/jeecar.v9i1.882

    Abstract

    This study aims to investigate the conceptual model of successful use of financial applications that is influenced by environmental uncertainty and manager competence. Quantitative research is used to examine the conceptual model developed. Data collected was used as primary data by distributing questionnaires to respondents. The target population is 478 management accounting units in 118 state-owned enterprises (SOEs) in Indonesia. The minimum sample criteria use the rule of thumb. The sample size is 100 SOEs manager respondents who were selected by simple random sampling technique using a table of random numbers with the help of Microsoft Excel. The research data were analyzed using the Structural Equation Model (SEM) with the Lisrell 8.5 software tool. The results show that the researcher’s conceptual model’s suitability can be tested. The environmental uncertainty variable empirically has a negative impact on the successful implementation of financial applications. The manager’s competence variable positively affects the successful implementation of financial applications. The negative direction shown as a result of environmental influences uncertainty on the successful use of financial applications can occur. An uncertain business environment can be the cause of failure to use financial applications. The improving business environment will further increase the successful use of financial applications. The results of the study have an important contribution in determining the success of using financial applications in SOEs companies in Indonesia, wherein daily practice, environmental uncertainty factors, and manager competencies have proven to be very influential on the successful use of financial applications, especially during the COVID-19 pandemic which has not entirely subsided. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    Environmental Uncertainty; Manager Competency; Successful use of Financial Application

    This article accessed at: https://www.scopus.com/pages/publications/85124336877

  • Influence of Economic Factors on The Share’s Value 

    Through the Concepts of the Life Cycle: The Case of Indonesia

    Authors: Linna Ismawati ; Inna Neskorodieva ; Svitlana Pustovhar

    DOI: 10.15549/jeecar.v10i1.1049

    Abstract

    The article aimed to substantiate the differentiated impact of critical internal factors of the economic activities on the market value of shares for joint-stock companies accounting for the organizational development cycle. Using the Company’s Financial Statements in the Automotive and Component subsectors listed on the Indonesia Stock Exchange for 2008-2021, the Chow test, path analysis, and t-criterion, we determined the features of the relationship between the share price and the economic performance indicators of joint-stock companies are determined. We used path analysis for modeling to assess the relationship between the price of shares and the number of dividend payments per share, asset turnover, and net profit per share built. A differentiated nature of the relationship between the indicators depending on the accounting company’s life cycle has been established. Knowing the stage of the business, the company can develop the most effective dividend strategy and determine the appropriate management method. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author Keywords

    economic factors; Indonesia; joint stock company; market value; organization life cycle; shares

    This article can be accessed at https://www.scopus.com/pages/publications/85146853855?

  • Banking Financial Performance in the Industry Financial Technology Era

    Banking Financial Performance in the Industry Financial Technology Era

    Authors: Suryanto Suryanto ; Herwan Abdul Muhyi ; Poni Sukaesih Kuirniati ; Nazar Mustapha

    DOI: 10.15549/jeecar.v9i5.1075

    Abstract

    This study aims to analyze the financial performance of Indonesian banks based on the Capital Adequacy Ratio (CAR), Operating Costs per Operating Income (BOPO), Loan to Deposit Ratio (LDR), Net Interest Margin (NIM), Return on Assets (ROA), and Non-Performing Loans (NPL). The research method used is verification with a quantitative approach. Sources of data obtained from the bank’s financial statements that have been published. The sample is grouped into state-owned banks, regional development banks, national private banks, and foreign banks. The sample is grouped into two parts, namely banking performance before and after the financial technology (fintech) regulatory family. The analysis technique used paired sample test and Wilcoxon signed-rank test. The results of the study stated that there were differences in CAR, LDR, NIM, ROA, and NPL after the ratification of fintech regulations. Meanwhile, only BOPO did not experience any difference with the issuance of fintech regulations. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    banking performance; BOPO; CAR; Fintech; LDR; NIM; ROA

    This article can be accessed at: https://www.scopus.com/pages/publications/85142196466

  • Improving Local Economy Through Integrated Waste Management in Bandung City, Indonesia (Case Study of Sukasari District)

    Authors: Lia Warlina ; Wanjat Kastolani ; Senny Luckyardi ; Dina Oktafiani ; Daniel Francois Meyer

    DOI: 10.15549/jeecar.v9i5.1064

    Abstract

    In Bandung City, Indonesia, municipal solid waste was a significant problem. However, municipal waste has a good potency if the community can manage the waste. This study aims to assess the relationship between local economics and waste management research and how waste management has been implemented in Bandung City’s Sukasari District through fostering the local economy. The method used was a systematic literature review using VOSviewer and Harzing’s publish & perish software and documents and resource studies from Sukasari District Office. The results revealed that the waste bank improved household income, which affected the local economy. The study could also contribute to the works of literature in the field of waste management and help other developing-world cities with their waste problems. Furthermore, additional government assistance enhancing the waste bank’s operating system will lead to better waste management outcomes. © 2022, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    Bandung City; waste bank; local economy; Sukasari

    This article can be accessed at: https://www.scopus.com/pages/publications/85141199934

  • Determinant of Net Income in Indonesia Mining Companies

    Authors: Surtikanti, Asep Saepudin, Wati Aris Astuti

    DOI: 10.15549/jeecar.v10i4.1358

    Abstract

    This study empirically examined the impact of operational expenses, sales volume, and accounts payable on net income in Indonesian mining businesses. With a quantitative approach, this study employs both descriptive and verification approaches. Using a purposive sampling technique, 35 financial statements from 7 mining businesses were selected from a population of 100 financial statements. The results show that operational cost significantly affected net profit with negative relations, sales volume significantly affected net profit with positive relations, and payable significantly affected net profit with positive relations. The conclusion of this study states that net profit is more dominantly influenced by sales volume compared to operational costs and accounts payable. The impact of this research is that mining companies consider how to reduce operating costs and accounts payable and increase sales volume in company operations. © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.

    Author keywords

    accounts payable; operational cost; sales volume

    This article can be accessed at https://www.scopus.com/pages/publications/85164113653