cover
Contact Name
Muhammad Irfan Nasution
Contact Email
ijbe@umsu.ac.id
Phone
+6281362257556
Journal Mail Official
ijbe@umsu.ac.id
Editorial Address
Fakultas Ekonomi Dan Bisnis Universitas Muhammadiyah Sumatera Utara
Location
Kota medan,
Sumatera utara
INDONESIA
International Journal of Business Economics (IJBE)
ISSN : -     EISSN : 2686472X     DOI : 10.30596/ijbe
International Journal of Business Economics (IJBE) is a media publication manuscript that contains the results of the Field Research Management applying peer-reviewed. Manuscripts published in the International Journal of Business Economics (IJBE) includes the results of scientific research original articles scientific reviews that are new
Articles 31 Documents
The Effect of Financial Literacy and Financial Inclusion on Retirement Planning Baskoro, Rahmat Aryo; Aulia, Rensi
International Journal of Business Economics (IJBE) Vol 1, No 1 (2019): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (257.665 KB) | DOI: 10.30596/ijbe.v1i1.3442

Abstract

This study aims to determine the effect of financial literacy and financial inclusion on retirement planning. This study used a quantitative method with 236 respondents and processed by the method of multiple linear regression analysis. The results of the study show that financial literacy and financial inclusion have a significant effect on retirement planning, means that the higher financial literacy and financial inclusion of a person, the better their retirement planning. In addition, the results of the study showed that respondents were dominated by moderate financial literacy levels with a percentage of 55.08%, moderate financial inclusion levels with a percentage of 57.20% and high retirement planning levels with presentations of 52.54% of the total respondents. Researchers also conduct additional research by choosing one of the demographic factors, which is monthly income. The results that monthly earnings also influence retirement planning where the higher a person's monthly income, the better their retirement planning
Effect of Working Capital, Asset Turnover and Sales Growth Limited Return on Assets on Food and Beverage Industry Simatupang, Jumeida; Sari, Eka Purnama
International Journal of Business Economics (IJBE) Vol 2, No 2 (2021): March - August
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v2i2.6655

Abstract

This study uses financial management theory related to variable Return On Assets, Working Capital, Asset Turnover and Sales Growth. The approach used is an associative approach. The population in this study is food and beverage companies listed on the Indonesia Stock Exchange IDX period 2017-2019. Samples were taken using multiple linear regression analysis methods, classic assumption test, t test (partial test), f test (simultaneous test) and SPSS 24.0 software assistance determination coefficient (Statistical Product and Service Solution). So obtained 12 companies as samples. The results showed that: Working Capital has no significant effect on Return On Asset, Asset Turnover has no significant effect on Return On Asset, while Sales Growth also has no significant effect on Return On Asset. And simultaneously Working Capital, Turnover Assets and Sales Growth has no effect and is insignificant to Return On Asset.
The Implementation of Leverage Secondary Association through Stakeholder Approach in Reinforcing Brand Knowledge: The Case Study of Wanderlust, Local Tourism Agent, Indonesia Mayasari, Iin; Kertamuda, Fatchiah E.; Haryanto, Handrix Chris; Arham, Mochammad Rivee
International Journal of Business Economics (IJBE) Vol 1, No 1 (2019): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (347.03 KB) | DOI: 10.30596/ijbe.v1i1.3443

Abstract

There are three main objectives of this study namely 1) analyzing the application of secondary association leverage in strengthening the Wanderlust company brand products, 2) analyzing the implementation of stakeholder approaches in supporting brand strengthening and the sustainability of Wanderlust, and 3) determining the extent to which the application of secondary association leverage, whose main orientation is in strengthening the brand and the sustainability of the company, basically directly or indirectly reinforces the cultural products of one region. This study uses a qualitative approach as a method for data retrieval. Case study research raised in this regard relates to the existence of tour and travel companies under the name of Wanderlust in strengthening the company's brand awareness. The interview approach with the owner of Wanderlust is the most appropriate method in its efforts to explore the processes carried out by Wanderlust in strengthening branding using the Leverage Secondary Association approach. Based on the results of empirical research that has been done it can be concluded that the leverage secondary association in the Wanderlust company has shown strength in the company. This can be seen from the four elements that support it, namely people, places, things, and other brands. These four elements have been optimally carried out by Wanderlust to support the sustainability of his company in order to create equity in his company.
Influence Current Ratio, Debt to Equity Ratio and Total Asset Turnover on Return on Equity in the Transportation Sector Industry Siregar, Qahfi Romula; Harahap, Defi Desvita
International Journal of Business Economics (IJBE) Vol 2, No 2 (2021): March - August
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v2i2.6644

Abstract

His study aims to determine whether there is an effect of Current Ratio, Debt To Equity Ratio, and Total Assets Turnover on Return On Equity in transportation sector companies listed on the Indonesia Stock Exchange. The approach used is an associative approach. The population in this study are retail trade sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. Samples were taken using purposive sampling method in order to obtain 7 companies as samples. And using multiple linear regression analysis methods, classical assumption test, t test (partial test), f test (simultaneous test) and coefficient of determination with the help of software SPSS V.20 (Statistical Product and Service Solutions). Based on the research results, it can be concluded that partially Total Assets Turnover has a significant effect on Return On Equity, while Current Ratio, Debt To Equity Ratio have no and insignificant effect on Return On Equity. And simultaneously Current Ratio, Debt To Equity Ratio, and Total Assets Turnover have a significant effect on Return On Equity in Transportation sector companies listed on the Indonesia Stock Exchange for the period 2015-2019.
Board Indicators, Managerial Ownership, Intellectual Capital and Earnings Quality in Consumer Goods of Indonesia and Malaysia Hatane, Saarce Elsye; Halim, Natalia Ivana; Tarigan, Josua
International Journal of Business Economics (IJBE) Vol 1, No 1 (2019): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (504.793 KB) | DOI: 10.30596/ijbe.v1i1.3313

Abstract

This paper studies the influence of the board of director with earnings quality, using intellectual capital as a mediating variable. Also, it takes account of concomitant variables such as firm size and leverage. The subject of the study focuses on companies in the consumer goods sector listed in the stock exchange of Indonesia and Malaysia is 2011-201. Board of director (BOD) is found to have a negative impact on earnings quality (EQ) in Indonesia, whereas it has no impact on earnings quality in Malaysia companies. On contrary, the board of director has a positive influence on intellectual capital (IC) in Indonesia. The opposite influence has been found in Malaysia where BOD is negatively correlated to IC. IC has a significant influence towards EQ in both countries. IC has a positive impact on EQ in Indonesia, but the effect is found to be negative in Malaysian firms. In both cases, IC has failed to become a mediation variable towards the impact of BOD to EQ. Therefore, the optimization of BOD is crucial in enhancing EQ in Indonesia. At the same time, IC has prominence in influencing EQ in Indonesia and Malaysia thus raising the importance of its optimization. 
Analysis of Cash and Inventory Turnover in Improving Profitability Sari, Maya; Andriyani, Andriyani
International Journal of Business Economics (IJBE) Vol 2, No 2 (2021): March - August
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v2i2.6765

Abstract

Research conducted by the author aims to analyze cash flows and inventory turnover to increase profitability as measured by Return On Assets (ROA) at PT. Perkebunan Nusantara III (Persero) Medan. The approach used in this research is a descriptive approach. Data collection techniques in this study using documentation study. The data analysis technique used in this research is descriptive analysis technique. Where in this study to analyze cash turnover and inventory turnover in increasing Return On Assets (ROA). The results showed that cash turnover and inventory turnover were not optimal in increasing profitability. The cash turnover has decreased while the profitability has increased. The decrease in cash turnover was due to the relatively small amount of cash owned by the company and an increase in the amount of unproductive funds that were embedded in the company's cash. The decrease in inventory turnover was caused by piling up inventory and decreasing sales volume. Profitability as measured by the company's Return on Assets (ROA) has decreased due to the decline in the company's ability to generate net income from 2013 to 2015 followed by an increase in company assets. The decrease in cash turnover was due to the relatively small amount of cash owned by the company and an increase in the amount of unproductive funds that were embedded in the company's cash.
Effect of Financial Literacy and Lifestyle of Finance Student Behavior Gunawan, Ade; Chairani, Chairani
International Journal of Business Economics (IJBE) Vol 1, No 1 (2019): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (245.622 KB) | DOI: 10.30596/ijbe.v1i1.3885

Abstract

This study aims to examine the relationship between financial literacy and financial behavior of the lifestyle of the student and determine differences in financial literacy, lifestyle and behavior of student finance and business economics faculty. This research is quantitative data collection techniques using questionnaires. Sample used were 100 students consisting of students of the faculty of economics and business Muhammadiyah University of North Sumatra, this study uses judgment sampling. Data were analyzed using classical assumption test, multiple linear regression, t test, F test, and the coefficient of determination. Research shows that financial literacy has no effect on the financial behavior.
Technopreneurs Millennial in Indonesia: The Acquisition and Application Knowledge Paulus, Ardianus Laurens
International Journal of Business Economics (IJBE) Vol 2, No 2 (2021): March - August
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v2i2.5052

Abstract

The development of technical knowledge has encouraged many business activities utilizing communication tools and technologies in business processes. This study aims to test the effect of knowledge acquisition and knowledge application of millennial technopreneurs in Indonesia in utilizing technology for their business activities. A total of 153 respondents were surveyed through online questionnaires. SEM analysis is used to test the research model. This study found that millennial technopreneurs ignore acquiring knowledge about business activities. But significant results showed that millennial technopreneurs immediately applied knowledge without looking at previous knowledge acquisition processes.
Recruiting Quality Academics: The Relationship of Passion, Role Model, Workplace Flexibility, and Career Decision-Making Self-Efficacy Dasan, Jakaria
International Journal of Business Economics (IJBE) Vol 1, No 1 (2019): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.099 KB) | DOI: 10.30596/ijbe.v1i1.3441

Abstract

Quality academics are crucial to enhance universities’ visibility in attracting more international students to pursue their tertiary education. Consequently, this may lead to the nation aspiration of becoming higher education hub in the region. Thus, understanding individuals’ interest towards pursuing academic career may lead to the recruitment of quality academics. A quantitative study was carried out involving 463 third year undergraduate students in selected universities. Passion, role model, and workplace flexibility had been found to significantly predict the intention to pursue academic career based on social cognitive career theory. In addition, career decision-making self-efficacy was found to be a significant intervening role that motivate further one’s confidence in pursuing academic career. Factor analyses led to the identification of new variables which significantly predict the criterion variables. However, the strength of relationship between each variable to criterion variable differs. Passion, supportive role models, and perceived workplace flexibility were found to be significantly predicting intention to pursue academic career. On the other hand, perceived workplace flexibility was found to have less influence when compared to the other two variables. Meanwhile, career decision-making self-efficacy of assessing personal and occupational features and career decision-making self-efficacy of gathering occupational information were well reported to partially mediate the relationship of passion and supportive role models, and the criterion variable.
Impact of Personality Traits on The Investor Sentiment Hidayah, Taufik Nur; Kustina, Lisa
International Journal of Business Economics (IJBE) Vol 2, No 1 (2020): September - February
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v2i1.5724

Abstract

In making investment decisions on the Indonesian Stock Exchange, this study evaluates the relationship between personality traits and individual investor activity bias.  This research uses a questionnaire obtained from Indonesia's 205 individual investors. Modelling of structural equations (SEM) is used to analyse the impact of personality characteristics on component behaviour bias. This finding indicates that the traits of neuroticism, extraversion, and openness are strongly related to the different biased behaviours of individual investors on the Indonesian Stock Exchange. This analysis offers evidence that a relationship exists.

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