Asian Journal of Economics and Business Management <p>The Asian Journal of Economics and Business Management is an international peer-reviewed journal that publishes articles in the fields of Economics and Business, including but not limited to economics, business, management, banking, finance, marketing, entrepreneurship, behavioural and health economics, government taxation and regulation, financial markets, accounting, corporate governance, and business ethics. The Journal's objective is to foster scholarly discussion of current theoretical and practical issues in economics, business, and management. At any time, academics, policymakers, and researchers are welcome to submit their manuscripts. </p> <p>What can you expect if you publish in <strong>Asian Journal of Economics and Business Management</strong>?</p> <ul> <li>A straightforward and friendly publishing service</li> <li>Immediate and free access to your article for anyone anywhere at any time in the world</li> <li>Rigorous and constructive peer review</li> <li>Fast publication</li> <li>Extensive indexing and archiving of your work</li> <li>Retention of the full copyright in your work</li> </ul> <p>ISSN: 2961-7006 (Online)</p> <p>Distribution: Open Access</p> <p>Frequency: Triannual Publication (January-April, May-August, and September-December)</p> <p>DOI: <a href=""></a></p> en-US (Habibullah Jimad) (Diajeng Fitri Wulan) Wed, 10 Jan 2024 08:08:20 +0700 OJS 60 Fintech and financial performance in the banking industry: A literature review <p>This research conducts an in-depth literature review on the influence of fintech on the financial performance. The focus is to identify key findings from prior studies, understand concepts related to fintech adoption, and explore its impact on the firm. Analyzing literature from Sinta and Scopus databases, the study aims to provide a holistic overview of fintech's role in transforming the banking landscape. Fintech adoption is found to significantly enhance operational efficiency, affecting liquidity, profitability, and overall growth. Positive cash flow operations are crucial in determining financial performance, reflecting liquidity and operational sustainability. The study suggests that further research should delve into specific independent variables such as COVID-19 cases, lockdown policies, application characteristics, and others, as well as variables like the age of mobile banking applications, GDP per capita, and mobile penetration rates. This approach ensures a comprehensive analysis of existing knowledge, contributing valuable insights for future strategic planning in the financial technology and banking sectors.</p> Yulia Arum Melati Copyright (c) 2024 Yulia Arum Melati Wed, 10 Jan 2024 00:00:00 +0700 Green accounting practices from the perspectives of legitimacy theory and stakeholders in the food and beverage industry <p>Implementing green accounting is a way for companies to improve environmentally friendly operations where there is a relationship between operating funds and the company's environmental budget. The impact of green accounting in companies influences environmental performance and environmental disclosure, which is a new variable from the dependent variable in this research. The independent variable is a financial performance variable measured using the Return on Asset (ROA) ratio of registered food and beverage sector manufacturing companies on the Indonesian Stock Exchange from 2019 to 2022. This research aims to determine how green accounting implementation impacts the company's financial performance. In this research, 44 sample companies were selected purposively. Using a dummy variable regression analysis model, the test results show that environmental disclosure variables influence financial performance, but environmental performance variables do not. The limitation of this research lies in the need for more samples used so that future research is expected to be able to add samples by expanding the research population.</p> Rizha Khentias Putri, Aminah, Khairudin Copyright (c) 2024 Rizha Khentias Putri, Aminah Wed, 10 Jan 2024 00:00:00 +0700 Exploring how good corporate governance shapes financial performance <p>This research aims to comprehensively investigate the impact of Sharia Supervisory Board, Board of Commissioners, Board of Directors, and Audit Committee on the financial performance of Islamic banks in Indonesia through a literature review approach. Utilizing the SINTA database as the primary source, the study will identify, select, and analyze relevant literature to understand the extent of each supervisory entity's influence on the financial performance. According to the analyzed literatures, the Sharia Supervisory Board profoundly influences Islamic financial institutions, ensuring adherence to Sharia principles, building trust, and mitigating risks, positively impacting financial performance. The Board of Commissioners, integral in strategic decisions, risk management, and governance, shapes overall financial well-being. The Board of Directors significantly influences financial outcomes, overseeing transparency and regulatory compliance. The proposed commissioners' board, with an independent judiciary, aims for unbiased management evaluations, essential for good corporate governance. Lastly, the Audit Committee enhances financial performance by ensuring transparency and mitigating risks, a crucial component mandated for public companies in Indonesia.</p> Ines Muharromah Fatmasari Copyright (c) 2024 Ines Muharromah Fatmasari Wed, 10 Jan 2024 00:00:00 +0700 Quality control analysis of chiffon cake pandan in Holland Bakery <p>The advancement of business development affects economic competition. Companies with strong competitive advantages must compete with other companies in the same field. One way to compete with the same competitors is to favor the quality of the products produced. Holland Bakery is one of the cake and bread manufacturers. Holland Bakery continues to strive to produce quality products, but there is still damage that exceeds the standard limit by 2.13% in 2022 with the standard limit set, which is 2%. One way to do quality control is to use the Statistical Quality Control (SQC) method. This study aims to analyze the quality of one of Holland Bakery's products, namely Chiffon Cake Pandan Sponge Cake, which is still within the tolerance limit or not, and what types of damage occur most often. This research was conducted from September 21 - October 20, 2023, with the results obtained that the level of damage is still within the tolerance limit. However, there is still damage exceeding the UCL line on the 10th day of production by 10% due to burning, the 19th day by 6.67% due to non-standard shape, the 23rd day by 11.11% due to burning, and the 29th day by 10% due to burning. The most dominant damage is due to burning as many as 16 pieces. Then, the cause-and-effect diagram shows that damage factors occur due to humans (man), environment (environment), and methods (method). Improvements from various aspects such as humans, environment, and methods can be made to minimize damage so that quality is always maintained. It is expected that Holland Bakery can review the production method of Chiffon Cake Pandan, monitor the condition of workers, and add air ventilation in the production room.</p> Gita Nur Asila, Rr. Erlina, Aripin Ahmad Copyright (c) 2024 Gita Nur Asila, Rr. Erlina, Aripin Ahmad Wed, 17 Jan 2024 00:00:00 +0700 The impact of the tapering off policy by the United States on the financial fluctuations of developing countries <p>In the summer of 2013 fluctuations in financial markets significantly increased, after the Fed announced it would increase interest rates to curb inflation. Financial market participants revised their expectations about when the Fed will start normalizing monetary policy. This study aims to analyze the impact of the tapering off policy of the United States on financial fluctuations of developing countries (Indonesia, Brazil, India, South Africa, and Turkey) using the VAR (Vector Autoregression) method. US tapering off policy refers to returning interest rates to more normal levels after a period of expansionary monetary stimulus. Financial fluctuations in developing countries may be affected by the normalization of US monetary policy through US interest rate hike channels that can attract capital from developing countries, causing exchange rate depreciation and increased financial market volatility. The research method used in this study is VAR analysis. The VAR model will be used to analyze how US tapering off policy might affect the dynamics of those variables in developing countries. The results of the study are expected to provide a better understanding of the impact of US tapering off policy on financial fluctuations in developing countries. The policy implications of this study can assist governments and financial institutions in formulating appropriate policies to address potential risks and manage financial stability in developing countries exposed to the impact of US tapering off policies.</p> Mz Jalaludin Abdurrahman, Telisa A. Falianty Copyright (c) 2024 Mz Jalaludin Abdurrahman, Telisa A. Falianty Fri, 26 Jan 2024 00:00:00 +0700 Analysing perception and interest of bachelor's and master's accounting students towards the public accounting profession <p>In today's business landscape, public accountants play a crucial role in upholding financial integrity and transparency. However, there's a growing concern as accounting students show declining interest in pursuing a public accounting career, often due to perceived challenges and monotony in the profession. This study investigates the factors affecting career interests, specifically exploring differences between bachelor's and master's accounting students. Conducted in Sumatera, Indonesia, the research utilized a questionnaire-based approach. Findings highlighted distinct motivations and perceptions. Bachelor's students were highly motivated by aligning their education with career choices and financial incentives, supported by strong social networks. In contrast, master's students approached the decision more cautiously, considering factors like time, cost, and the significance of professional experience. Both groups recognized the importance of analytical skills and professionalism in public accounting, with master's students exhibiting higher self-motivation. The study underscores the need to enhance students' understanding of accounting challenges and opportunities. It advocates for increased social support, professional exposure, and comprehensive information dissemination. Implications include the importance of developing robust career programs, fostering industry collaborations, and conducting further research to deeply comprehend factors shaping students' perceptions and motivations. These initiatives aim to rejuvenate interest and contribute to a more robust public accounting workforce in the future.</p> Diajeng Fitri Wulan, Reni Oktavia, Usep Syaipudin Copyright (c) 2024 Diajeng Fitri Wulan, Reni Oktavia, Usep Syaipudin Wed, 24 Jan 2024 00:00:00 +0700 Government performance: Could it affected by corruption? Literature review <p>This study aims to explain the development of research on government performance and corruption. This study searched for articles relevant to government performance and corruption in 12 international journals with 23 articles indexed by Scopus Q1. The year of publication was ignored, but the search area was limited to the fields of business, management and accounting. The analysis is categorized into two sections, namely government performance and corruption, and criticism of government performance. In the government performance and corruption section, the themes are divided into research development, the relationship between government performance and corruption, and the impact of corruption on government performance. The findings show that corruption drives inefficiencies and imposes resource costs that can hinder economic progress, as well as lowering the quality of public services and creating injustice. This study suggests future researchers to conduct more intensive research related to the role of government performance in accounting, and consider other aspects that may affect the relationship between government performance and corruption. Future research can explore other topics related to government performance and corruption, such as the influence of anti-corruption policies, the role of oversight institutions, and the impact of information technology in improving transparency and accountability. Future research can also conduct comparative studies between countries or between regions to understand how the social, economic and political context affects the relationship between government performance and corruption.</p> Alifia Tiara Putri Copyright (c) 2024 Alifia Tiara Putri Wed, 31 Jan 2024 00:00:00 +0700 Does trade liberalization policy accelerate foreign direct investment in Bangladesh?: An empirical investigation <p>Foreign Direct Investment is one of the major sources of external funding and has a significant impact on economic progress in developing countries. This paper investigates the influence of the Trade Liberalization policy on Foreign Direct Investment (FDI) inflow in Bangladesh using annual time series data 1997-2020. ARDL model is used to examine the long-run relationship, and the ADF unit root test is applied to observe the level of integration. The study also employed the Error correction model to estimate long run as well as the short-run relationship between foreign direct Investment and Trade openness, along with remaining explanatory variables used in the model. The results reveal that Trade Openness has positive effect on foreign direct Investment in the short-run, and there is no impact exists in the long-run. The study also used CUSUM and CUSUM square tests to determine stability, and plots of those tests demonstrated that the parameters of the error correction model are stable over the period.</p> Mohammad Ridwan Ridwan, Iqbal Hossain Copyright (c) 2023 Mohammad Ridwan Ridwan, Iqbal Hossain Wed, 31 Jan 2024 00:00:00 +0700 Supply chain performance analysis using the SCOR method <p>The current era of globalization requires companies to meet market demands in order to get the right tactics or strategy. This research was conducted at PT. Budi Starch &amp; Sweetener has several obstacles in carrying out its supply chain activities such as delivery delays, supply uncertainty and problems in the production process. So, measuring Supply Chain performance is very important so that companies can know the extent of Supply Chain performance achieved by the company. Supply chain performance measurement is carried out using the Supply Chain Operations Reference (SCOR) method with the Key Performance Indicator (KPI) validation phase, calculation of actual KPI values, and weighting of metrics for each level using the Analytical Hierarchy Process (AHP) method. After processing the data, the result was that 16 performance indicators were selected from a total of 36 performance indicators. To determine the main criteria and priorities, performance indicators are weighted using the AHP method. The calculation result of the total performance value is 76,41, so the performance measurement at PT. Budi Starch &amp; Sweetener Tbk is included in the good scale. However, the results of data processing of actual values which were then normalized to Snorm De Boer still contained 5 indicators which showed a value of less than 90 and required improvement, namely accuracy of estimates, raw material planning, on-time delivery performance by suppliers, compliance with production schedules, and number of problems. machine. It is hoped that companies can issue appropriate policies regarding of these five performance indicators, so that the level of achievement of Supply Chain Management (SCM) targets in companies can be further increased.</p> Nimas Ayu Anisatussariroh, Rr. Erlina Copyright (c) 2024 Nimas Ayu Anisatussariroh, Rr. Erlina Wed, 31 Jan 2024 00:00:00 +0700 The impact of financial ratios on financial distress in the transportation sector <p>The aim of this study was to assess the impact of various financial ratios on the financial instability of companies, with particular emphasis on the profitability ratio of Return on Assets (ROA), liquidity ratio of Current Ratio (CR), activity ratio of Total Assets Turnover (TATO), and solvency ratio of Debt to Assets Ratio (DAR). The study employs secondary data and selective selection to choose a sample of thirteen transport companies listed on the Indonesia Stock Exchange (IDX) between 2020 and 2022. The study utilised multiple linear regression analysis methods, employing SPSS as the testing programme. The Altman Z-Score method was employed to prioritise the financial distress component. The results indicated that the liquidity ratio, a component of the activity ratio, had a positive impact on financial distress, suggesting that more liquidity might be associated with increased financial hardship. Conversely, the utilisation of leverage was discovered to have an adverse impact on financial distress, indicating that elevated levels of leverage may reduce the likelihood of financial hardship for the selected entities. This study offers useful insights into the intricate relationship between particular financial statistics and the financial distress situation of organisations. It provides a detailed comprehension of how the interplay between liquidity, leverage, and activity dynamics affects the overall financial health of transport companies in the Indonesian stock market.</p> Nadea Vebrizha, Afrizal Nilwan, Riswan Copyright (c) 2024 Nadea Vebrizha, Afrizal Nilwan, Riswan Sat, 10 Feb 2024 00:00:00 +0700 Exploration of research and development, foreign ownership, and carbon emissions disclosure in Indonesia <p>Carbon emission disclosure (CED) is one of the corporate world's efforts to assist environmental conservation while also improving the company's public image. Efforts are being made to make firm operations greener by optimizing research and development (R&amp;D), which leads to environmental improvements. Several prior studies investigated research and development on corporate social responsibility in general. The purpose of this study is to investigate the the impacts of R&amp;D and foreign ownership on carbon emissions disclosure in Indonesian companies. This research also examines proactive steps done by firms to significantly reduce emissions through green research and development and supported by large foreign share ownership, which is regarded to be involved with high concern. The empirical analysis applies multiple regression and moderated regression, with purposive sampling on the Indonesia Stock Exchange (BEI) company between 2016 and 2019, obtained 522 samples. Carbon emissions disclosure is measured using a checklist index based on the Carbon Disclosure Project (CDP) and content analysis of the company's sustainability report. Based on the findings, RnD intensity has a positive impact on carbon emissions disclosure (CED), however foreign ownership in Indonesia has no effect on the relationship between RnD intensity and CED. This suggests that R&amp;D will enhance the amount of carbon emissions disclosure, yet foreign ownership in Indonesia remained minimal, hence it has minimal effect on the company's long-term decisions. Research has limitations in recognizing RnD that implemented proactive approaches, so further studies on each company are required for future research.</p> Rona Majidah, Syaharani Noer Fathia, Ayu Dwiny Octary Copyright (c) 2024 Rona Majidah, Syaharani Noer Fathia, Ayu Dwiny Octary Thu, 15 Feb 2024 00:00:00 +0700 Financial performance analysis of Chandra Asri Petrochemical 2020-2022 period <p>This research aims to evaluate the financial performance of PT. Chandra Asri Petrochemical Tbk from 2020 to 2022, using descriptive analysis method and utilizing secondary data from financial reports obtained through the official website of the Indonesia Stock Exchange at The research objective is to compare the data to evaluate the financial position of the industry within a specific period. Several ratios analyzed involve liquidity, solvency, and profitability, represented by current ratio, debt to equity ratio, and return on equity (ROE) respectively. The results generated during this research for the period of 2020-2022, particularly in liquidity ratios observed through the current ratio, form the basis for evaluating the financial performance of PT. Chandra Asri Petrochemical Tbk. (1) Evaluation of the financial performance of PT. Chandra Asri Petrochemical Tbk based on Liquidity Ratio, measured through the current ratio from 2020 to 2021, is considered very good. However, in 2022, there was a significant decrease due to a decline in current assets, such as cash and receivables, which will affect the current ratio; (2) Evaluation of the financial performance of PT. Chandra Asri Petrochemical Tbk based on Solvency Ratio measured by Debt-to-Equity Ratio experienced a decrease during the period of 2020-2021, reflecting efforts to reduce dependence on debt. However, the ratio increased again in 2022, caused by a decrease in the company's equity; (3) Evaluation of the financial performance of PT. Chandra Asri Petrochemical Tbk based on Profitability Ratio measured through return on equity (ROE), the company experienced an increase during the period of 2020-2022, reflecting improvements in equity utilization efficiency and the company's ability to generate greater profitability. Nevertheless, optimal debt utilization by the company needs to be monitored.</p> Andini Febidyliani, Khairudin, Aminah Copyright (c) 2024 Andini Febidyliani, Khairudin, Aminah Thu, 15 Feb 2024 00:00:00 +0700 Does emotional intelligence influence employee creativity? The moderating role of job complexity <p>This study investigates the impact of emotional intelligence on employee creativity, considering the moderating effect of job complexity. The research aims to comprehend how emotional intelligence influences employee creativity and how job complexity moderates this relationship. Employing a causal research design, the study utilizes questionnaires to collect primary data. Confirmatory factor analysis confirms the validity and reliability of the measurement model. Descriptive statistics, regression models, and t-tests are employed for data analysis and hypothesis testing. Findings indicate that emotional intelligence significantly and positively affects employee creativity by facilitating effective emotion management, empathy, self-control, and collaboration. While job complexity does not significantly moderate this relationship, engagement in complex tasks may hinder creativity and impact positive emotions in the workplace. Strategies to foster emotional intelligence include training, fostering supportive cultures, and assembling diverse teams. Promoting creativity in organizations entails collaborative efforts, recognition of innovation, and effective task management through workload management and problem-solving training initiatives.</p> Achmad Bintang Herida Kasuma, Zainnur M. Rusdi Copyright (c) 2024 Achmad Bintang Herida Kasuma, Zainnur M. Rusdi Thu, 15 Feb 2024 00:00:00 +0700 Fueling success: unleashing the power of employee motivation for peak productivity and organizational excellence at Kwabre East Municipality <p>The question of whether or not motivation influences the outcome of employees in an organization is one of the polemics among scholars of political science around the globe. Motivating public sector employees, like those in the Local Government Service of Ghana, is a major challenge. Strikes and demonstrations in the Ghanaian civil service are often driven by demands for better pay and working conditions, negatively impacting productivity. This study intentions to address and assess the effect of motivation on the employees and their level of performance in the case of Kwabre East Municipal. The research adopted a positivist research philosophy to uncover measurable relationships between Motivation of employees and the performance of the organization. The research used a quantitative research approach, and stratified random sampling was used in a cross-sectional design to select 157 employees to ensure representation from different organizational levels and departments. The study discovered that financial and non-financial incentives, leadership styles, and recognition stimulate the employees of Kwabre East Municipal Assembly to work efficiently. It is recommended that the Government and management of Local Government Institutions should enhance motivational strategies and diversify incentive packages, in other to motivate employees working in various sectors to influence productivity.</p> Isaac Aninakwah, Opoku Copyright (c) 2023 Isaac Aninakwah, Opoku Thu, 15 Feb 2024 00:00:00 +0700 The effect of employee well-being on job satisfaction with work-life balance as a mediating variable <p>This study aims to examine the direct impact of employee well-being on job satisfaction and explore whether work-life balance mediates this relationship among millennials born between 1981 and 1996 (aged 27-42) working in the private sector in Bandar Lampung. Through a quantitative survey approach, data were collected from 270 respondents using a Likert scale questionnaire ranging from 1 to 5, employing non-probability sampling. The collected data were analyzed using SEM on SmartPLS 4 software. Results indicate support for all hypotheses, indicating that employee well-being significantly influences job satisfaction directly, and work-life balance serves as a significant mediator in the relationship between employee well-being and job satisfaction. These findings suggest that companies can enhance job satisfaction among millennial employees in Bandar Lampung's private sector by prioritizing initiatives to improve employee well-being and promote work-life balance. This study provides valuable insights into the dynamics of each variable in the context of millennial employees in the region.</p> Maria Elisabeth Zendrato, Nova Mardiana Copyright (c) 2024 Maria Elisabeth Zendrato, Nova Mardiana Thu, 15 Feb 2024 00:00:00 +0700 Assessing the work ethic among employees of the Bengkulu City Regional Secretariat <p>The investigation into the operational dynamics within the Regional Secretariat of Bengkulu City has highlighted several pertinent issues regarding the conduct and performance of its employees. Notably, instances of chronic tardiness, diminishing morale, and waning motivation among staff members have been identified as factors contributing to suboptimal task execution and operational efficiency. These phenomena manifest in passive engagement with duties, tardiness in task completion, and unauthorized absences during working hours, collectively undermining the organizational efficacy and productivity. Central to addressing these challenges is the concept of work ethic, which encompasses the holistic demeanor and approach of individuals within the State Civil Service towards their professional responsibilities. This research aims to elucidate how these principles of work ethic manifest among the State Civil Apparatus (ASN) at the Bengkulu City Regional Secretariat, focusing on diligence, commitment, creativity, collaboration, punctuality, and fairness. Analysis reveals a commendable adherence to these fundamental aspects of work ethic among personnel, indicating a robust commitment to professional standards and performance excellence. Diligence is evident in the conscientious execution of tasks, while commitment and dedication underscore a steadfast allegiance to organizational objectives. Creativity fosters innovative problem-solving, while collaborative dynamics promote a culture of cooperation and healthy competition. Punctuality ensures timely task completion, and fairness permeates interpersonal interactions. Overall, the findings reflect a positive implementation of work ethic principles among the State Civil Apparatus (ASN) at the Bengkulu City Regional Secretariat, indicating a promising trajectory towards enhanced organizational effectiveness and performance optimization.</p> Rina Agustina, Achmad Aminuddin, Noer Fauzi Agus Copyright (c) 2024 Rina Agustina, Achmad Aminuddin, Noer Fauzi Agus Sun, 25 Feb 2024 00:00:00 +0700