Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.586
Irma Rahmawati, Yeni Purnamasari
Coffee is one of the popular drinks for Indonesian people. Coffee consumption in Indonesia has increased very rapidly. The influence of lifestyle and the increasing number of cafes and coffee shops contribute to the increase in coffee consumers. One downstream processing of coffee beans is roasting coffee beans, which consists of light, medium, and dark roasting. This study aimed to determine the antioxidant activity of Gununghalu Arabica Coffee (Coffea arabica L.) with Light Roasting, Medium Roasting, and Dark Roasting Techniques. This research is an experimental study, where the antioxidant activity analysis was carried out using the DPPH method (2,2-diphenyl-1-picrylhydrazyl). Gununghalu Arabica coffee with light, medium, and dark roasting techniques positively containing flavonoids, alkaloids, saponins, tannins, and terpenoids. The results showed that the IC50 value of Gununghalu Arabica coffee for light, medium, and dark roasting was 102.94 ppm, 70.66 ppm, and 87.66 ppm. The test results show that the antioxidant activity of Gununghalu Arabica coffee with light roasting techniques are moderate, while medium and dark roasting techniques are strong. The results of this study are expected to provide implications for the development of coffee processing techniques to have maximum health benefits.
{"title":"Effect of Light, Medium, and Dark Roasting on Antioxidant Activity of Gununghalu Arabica Coffee (Coffea arabica L.)","authors":"Irma Rahmawati, Yeni Purnamasari","doi":"10.46336/ijbesd.v5i1.586","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.586","url":null,"abstract":"Coffee is one of the popular drinks for Indonesian people. Coffee consumption in Indonesia has increased very rapidly. The influence of lifestyle and the increasing number of cafes and coffee shops contribute to the increase in coffee consumers. One downstream processing of coffee beans is roasting coffee beans, which consists of light, medium, and dark roasting. This study aimed to determine the antioxidant activity of Gununghalu Arabica Coffee (Coffea arabica L.) with Light Roasting, Medium Roasting, and Dark Roasting Techniques. This research is an experimental study, where the antioxidant activity analysis was carried out using the DPPH method (2,2-diphenyl-1-picrylhydrazyl). Gununghalu Arabica coffee with light, medium, and dark roasting techniques positively containing flavonoids, alkaloids, saponins, tannins, and terpenoids. The results showed that the IC50 value of Gununghalu Arabica coffee for light, medium, and dark roasting was 102.94 ppm, 70.66 ppm, and 87.66 ppm. The test results show that the antioxidant activity of Gununghalu Arabica coffee with light roasting techniques are moderate, while medium and dark roasting techniques are strong. The results of this study are expected to provide implications for the development of coffee processing techniques to have maximum health benefits.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"18 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140412220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.535
Soufien Zouari, Kais Mabrouki
The present paper examines the impact of entrepreneurship education on students’ intention to start up business. Using a sample of young Tunisian students from both Sfax and Sousse (these are two tows in Tunisia) universities, we propose to determine the significant factors influencing their entrepreneurial intention. Our econometric results have revealed that the composite variables , i.e, the student’s internal and external socio-cultural background, the students’ profile in terms of their theoretical and practical knowledge in new business start-up and the students’ characteristics (age and, above all, educational level), are the most determining variables affecting students’ intention to engage in business start-ups. The gender variable has no significant effect on entrepreneurial behavior.
{"title":"Entrepreneurship Study and Its Impact on Students’ Intention to Start Up: A Sample Case Study of Students Belonging to Two Universities of Tunisia","authors":"Soufien Zouari, Kais Mabrouki","doi":"10.46336/ijbesd.v5i1.535","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.535","url":null,"abstract":"The present paper examines the impact of entrepreneurship education on students’ intention to start up business. Using a sample of young Tunisian students from both Sfax and Sousse (these are two tows in Tunisia) universities, we propose to determine the significant factors influencing their entrepreneurial intention. Our econometric results have revealed that the composite variables , i.e, the student’s internal and external socio-cultural background, the students’ profile in terms of their theoretical and practical knowledge in new business start-up and the students’ characteristics (age and, above all, educational level), are the most determining variables affecting students’ intention to engage in business start-ups. The gender variable has no significant effect on entrepreneurial behavior.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"20 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140412423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
An optimal investment portfolio needs to be formed before an investor invests because it can help investors determine which financial instruments are suitable to choose in order to get the maximum return or profit and the minimum level of risk. In the current situation, where there is an economic transition to a smart carbon economy or low carbon economy, it is necessary to form the optimal portfolio of stocks to facilitate investors in making investments. The purpose of this study is to form the optimal investment portfolio using the Black-Litterman model in a smart carbon economy. The data used is stock data from 24 companies listed on the LQ45 Low Carbon Leaders index for the period 2022-2023. Based on the research results, the Black-Litterman model generates the optimal portfolio with a 0.1% expected return. Thus, the optimal portfolio results with the Black-Litterman model are estimated to generate a profit of 0.1% for smart carbon stock data listed on the LQ45 Low Carbon Leaders index for the 2022-2023 period.
{"title":"Investment Portfolio Optimization Using Black-Litterman Model in Smart Carbon Economy Transition","authors":"Ramadhina Hardiva Kahar, Riaman Riaman, Sukono Sukono","doi":"10.46336/ijbesd.v5i1.582","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.582","url":null,"abstract":"An optimal investment portfolio needs to be formed before an investor invests because it can help investors determine which financial instruments are suitable to choose in order to get the maximum return or profit and the minimum level of risk. In the current situation, where there is an economic transition to a smart carbon economy or low carbon economy, it is necessary to form the optimal portfolio of stocks to facilitate investors in making investments. The purpose of this study is to form the optimal investment portfolio using the Black-Litterman model in a smart carbon economy. The data used is stock data from 24 companies listed on the LQ45 Low Carbon Leaders index for the period 2022-2023. Based on the research results, the Black-Litterman model generates the optimal portfolio with a 0.1% expected return. Thus, the optimal portfolio results with the Black-Litterman model are estimated to generate a profit of 0.1% for smart carbon stock data listed on the LQ45 Low Carbon Leaders index for the 2022-2023 period.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"8 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140409691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.577
R. Dahesihsari, Novita Novita, Immanuel Yosua
During the pandemic, many information about the function of various food and health supplement products for prevention/recovery from Covid-19 infection circulated through EWOM (electronic word of mouth), which was believed by consumers, even though not all of them were proven to be true. This study aims to examine the role of perceived EWOM credibility on consumer satisfaction with food/health supplement products during the COVID-19 pandemic. The theoretical framework guiding this research is Source Credibility Theory, which provides a lens to examine how the credibility of EWOM sources affects consumer satisfaction. The participants were 103 people aged 19-25 years who had purchased and consumed food/health supplement products during the COVID-19 pandemic and had read EWOM about information/reviews of the products they consumed. Participants filled out a questionnaire that measured their perceived EWOM credibility and consumer satisfaction. The data were analyzed using multiple linear regression. The results showed that perceived EWOM credibility positively influenced consumer satisfaction. Aspects of perceived EWOM credibility, included argument quality and homophily had a significant influence on consumer satisfaction. The quality of arguments positively contributes to enhancing customer satisfaction, whereas homophily, on the other hand, has a negative impact. Consequently, a heightened perception of EWOM credibility, particularly concerning the quality of argument presented directly correlated with increased participant satisfaction with the food/health supplement products they had consumed. The findings of this study hold practical implications for the promotion of food and health supplements, emphasizing the significance of EWOM credibility. Additionally, the results underscore the importance of fostering information literacy among consumers in this domain. For instance, strategies could include the dissemination of infographics illustrating methods to assess information quality and discern genuine information from hoaxes. On the other hand, relying solely on information based on shared backgrounds does not fully support the attainment of satisfaction in consumption.
{"title":"Credibility of EWOM and Consumer Satisfaction on Food/Health Supplement Products during the COVID-19 Pandemic","authors":"R. Dahesihsari, Novita Novita, Immanuel Yosua","doi":"10.46336/ijbesd.v5i1.577","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.577","url":null,"abstract":"During the pandemic, many information about the function of various food and health supplement products for prevention/recovery from Covid-19 infection circulated through EWOM (electronic word of mouth), which was believed by consumers, even though not all of them were proven to be true. This study aims to examine the role of perceived EWOM credibility on consumer satisfaction with food/health supplement products during the COVID-19 pandemic. The theoretical framework guiding this research is Source Credibility Theory, which provides a lens to examine how the credibility of EWOM sources affects consumer satisfaction. The participants were 103 people aged 19-25 years who had purchased and consumed food/health supplement products during the COVID-19 pandemic and had read EWOM about information/reviews of the products they consumed. Participants filled out a questionnaire that measured their perceived EWOM credibility and consumer satisfaction. The data were analyzed using multiple linear regression. The results showed that perceived EWOM credibility positively influenced consumer satisfaction. Aspects of perceived EWOM credibility, included argument quality and homophily had a significant influence on consumer satisfaction. The quality of arguments positively contributes to enhancing customer satisfaction, whereas homophily, on the other hand, has a negative impact. Consequently, a heightened perception of EWOM credibility, particularly concerning the quality of argument presented directly correlated with increased participant satisfaction with the food/health supplement products they had consumed. The findings of this study hold practical implications for the promotion of food and health supplements, emphasizing the significance of EWOM credibility. Additionally, the results underscore the importance of fostering information literacy among consumers in this domain. For instance, strategies could include the dissemination of infographics illustrating methods to assess information quality and discern genuine information from hoaxes. On the other hand, relying solely on information based on shared backgrounds does not fully support the attainment of satisfaction in consumption.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"58 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140408581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.593
Fajrin Wicaksono, Mina Siti Aminah, Lia Sopiani, Mardiyani Mardiyani
This study seeks to determine the influence of moderating factors on the company's financial performance on the stock price in the consumer cyclical sector, such as current ratio, debt-to-equity ratio, return on equity, and earnings per share. The study's population consisted of industrial enterprises in the consumer cyclical sector sourced from the 2020–2022 Indonesia Stock Exchange website. Purposive sampling was used to acquire 31 firms for the study. Multiple regression and moderate regression analyses are data analysis procedures where Stata 17 software is used for data processing. Furthermore, this analysis assumes that the debt-to-equity ratio, return on equity, and current ratio affect stock prices. The debt-to-equity ratio, return on equity, and current ratio are all impacted by earnings per share. Stock prices might be impacted by it as well. Data analysis indicates that although the debt-to-equity and current ratios do not affect stock prices, the return on equity does. If profits per share rise, stock prices may be less impacted by debt-to-equity and current ratios. Earnings per share cannot moderate the Return on Equity on stock prices.
本研究旨在确定公司财务业绩的调节因素对消费周期行业股价的影响，如流动比率、资产负债率、股本回报率和每股收益。研究对象包括消费周期行业的工业企业，数据来源于 2020-2022 年印度尼西亚证券交易所网站。研究采用了有目的的抽样方法，获得了 31 家公司的数据。多元回归分析和适度回归分析是数据分析程序，使用 Stata 17 软件进行数据处理。此外，本分析假设债务权益比、股本回报率和流动比率会影响股票价格。资产负债率、净资产收益率和流动比率都会受到每股收益的影响。股票价格也可能受其影响。数据分析表明，尽管资产负债率和流动比率不会影响股票价格，但股本回报率会。如果每股利润上升，股票价格受债务权益比和流动比率的影响可能会减小。每股收益不能缓和股本回报率对股票价格的影响。
{"title":"Analysis Stock Price: Earnings per Share as Moderating Variable","authors":"Fajrin Wicaksono, Mina Siti Aminah, Lia Sopiani, Mardiyani Mardiyani","doi":"10.46336/ijbesd.v5i1.593","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.593","url":null,"abstract":"This study seeks to determine the influence of moderating factors on the company's financial performance on the stock price in the consumer cyclical sector, such as current ratio, debt-to-equity ratio, return on equity, and earnings per share. The study's population consisted of industrial enterprises in the consumer cyclical sector sourced from the 2020–2022 Indonesia Stock Exchange website. Purposive sampling was used to acquire 31 firms for the study. Multiple regression and moderate regression analyses are data analysis procedures where Stata 17 software is used for data processing. Furthermore, this analysis assumes that the debt-to-equity ratio, return on equity, and current ratio affect stock prices. The debt-to-equity ratio, return on equity, and current ratio are all impacted by earnings per share. Stock prices might be impacted by it as well. Data analysis indicates that although the debt-to-equity and current ratios do not affect stock prices, the return on equity does. If profits per share rise, stock prices may be less impacted by debt-to-equity and current ratios. Earnings per share cannot moderate the Return on Equity on stock prices.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"7 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140413305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.584
Puspa Dwi Ayu Banowati, B. Subartini, Sukono Sukono
Investing in Sharia-compliant stocks is one of the rapidly growing investment options, making it a potential choice for investors' portfolios. Therefore, investors need to understand how to select an optimal composition of stocks in their portfolio. This research aims to calculate the expected return on Sharia-compliant stocks and determine the optimal portfolio. The data used in this study includes stocks within the Indonesian Sharia Stock Index (ISSI) in the energy and mining sectors from November 1, 2022, to October 30, 2023. The analytical models employed are the Arbitrage Pricing Theory (APT) and Mean-Value at Risk (Mean-VaR). Based on the research findings, seven stocks form the composition of the optimal stock portfolio. These stocks are AKRA, ANTM, PGAS, INCO, INDY, PTBA, and MDKA, with weights of 20.54%, 19.58%, 19.02%, 14.24%, 10.97%, 8.00%, and 7.66%, respectively. The expected return for the investor is 0.13% per day, with a corresponding risk of 0.23%.
{"title":"Optimal Stock Portfolio Analysis using Mean-Value at Risk (Mean-VaR) under Arbitrage Pricing Theory (APT)","authors":"Puspa Dwi Ayu Banowati, B. Subartini, Sukono Sukono","doi":"10.46336/ijbesd.v5i1.584","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.584","url":null,"abstract":"Investing in Sharia-compliant stocks is one of the rapidly growing investment options, making it a potential choice for investors' portfolios. Therefore, investors need to understand how to select an optimal composition of stocks in their portfolio. This research aims to calculate the expected return on Sharia-compliant stocks and determine the optimal portfolio. The data used in this study includes stocks within the Indonesian Sharia Stock Index (ISSI) in the energy and mining sectors from November 1, 2022, to October 30, 2023. The analytical models employed are the Arbitrage Pricing Theory (APT) and Mean-Value at Risk (Mean-VaR). Based on the research findings, seven stocks form the composition of the optimal stock portfolio. These stocks are AKRA, ANTM, PGAS, INCO, INDY, PTBA, and MDKA, with weights of 20.54%, 19.58%, 19.02%, 14.24%, 10.97%, 8.00%, and 7.66%, respectively. The expected return for the investor is 0.13% per day, with a corresponding risk of 0.23%.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"2015 30","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140416202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.583
Mohammad Fahreza, Agus Rahayu, H. Hendrayati
A cooperative is a business entity consisting of individuals and legal entities that is based on the principles of kinship and economic democracy and is a means of increasing economic progress for cooperative members and the community. This research aims to determine the influence of Store Atmosphere on consumer purchasing decisions at the XYZ Bandung Cooperative. Several members explained that the reason for reducing purchases of goods at the XYZ Cooperative was because they felt that some goods were not given enough attention, such as whether the goods on display were still suitable for consumption or not, communication of information either through social media or information boards was still not working well, the prices of goods were not high. expensive and less affordable for members and other consumers to buy. The research method used was quantitative, the sampling technique used probability sampling and a sample of 43 domestic and foreign tourist respondents was obtained. The analytical tool used was simple regression analysis and the hypothesis used a significance test using the SPSS analysis tool. The results of this research explain that the Store Atmosphere has a positive and significant influence on purchasing decisions at the XYZ cooperative and several dimensions of the Store Atmosphere such as the exterior, store layout and interior appearance have a positive and significant influence on purchasing decisions at the XYZ cooperative. There needs to be more attention from the management of the XYZ cooperative in paying attention to the shop atmosphere so that consumers, especially members, can increase their purchasing decisions at the XYZ Cooperative.
{"title":"Analysis of The Role of Store Atmosphere in Influencing Consumer Purchasing Decisions at XYZ Cooperative","authors":"Mohammad Fahreza, Agus Rahayu, H. Hendrayati","doi":"10.46336/ijbesd.v5i1.583","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.583","url":null,"abstract":"A cooperative is a business entity consisting of individuals and legal entities that is based on the principles of kinship and economic democracy and is a means of increasing economic progress for cooperative members and the community. This research aims to determine the influence of Store Atmosphere on consumer purchasing decisions at the XYZ Bandung Cooperative. Several members explained that the reason for reducing purchases of goods at the XYZ Cooperative was because they felt that some goods were not given enough attention, such as whether the goods on display were still suitable for consumption or not, communication of information either through social media or information boards was still not working well, the prices of goods were not high. expensive and less affordable for members and other consumers to buy. The research method used was quantitative, the sampling technique used probability sampling and a sample of 43 domestic and foreign tourist respondents was obtained. The analytical tool used was simple regression analysis and the hypothesis used a significance test using the SPSS analysis tool. The results of this research explain that the Store Atmosphere has a positive and significant influence on purchasing decisions at the XYZ cooperative and several dimensions of the Store Atmosphere such as the exterior, store layout and interior appearance have a positive and significant influence on purchasing decisions at the XYZ cooperative. There needs to be more attention from the management of the XYZ cooperative in paying attention to the shop atmosphere so that consumers, especially members, can increase their purchasing decisions at the XYZ Cooperative.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"28 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140411849","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Volcano eruption insurance is an insurance product that provides financial protection to policy holders who experience losses due to volcanic eruptions. This insurance product is still rarely developed in Indonesia, even though this country is very vulnerable to natural disasters. Therefore, this research aims to carry out a simulation of determining volcanic eruption disaster insurance premiums based on collective risk and the level of risk distribution. The data used in this research is the frequency of events and economic losses due to volcanic eruptions. Event frequency and loss data are analyzed using a collective risk model. Apart from that, determining insurance premiums also takes into account loading factors and the level of risk distribution from volcanic eruption disaster data. From the results of the analysis, it was found that natural disaster insurance premiums had increased, along with an increase in the loading factor provided. In addition, insurance premium expenses are influenced by the collective risks faced by customers. The greater the collective risk faced, the greater the insurance premium that customers must bear. Based on the results of the estimates carried out, it is hoped that this research can provide an overview to the Indonesian government in estimating the Mount Meletus insurance scheme. Meanwhile, insurance companies can get an idea of determining insurance premiums according to conditions in the field.
{"title":"Determination of Mount Eruption Insurance Premiums in Indonesia Based on Collective Risk and Level of Risk Spread","authors":"Kalfin Kalfin, Sukono Sukono, Trisha Magdalena Adelheid Januaviani, Bakti Siregar","doi":"10.46336/ijbesd.v5i1.576","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.576","url":null,"abstract":"Volcano eruption insurance is an insurance product that provides financial protection to policy holders who experience losses due to volcanic eruptions. This insurance product is still rarely developed in Indonesia, even though this country is very vulnerable to natural disasters. Therefore, this research aims to carry out a simulation of determining volcanic eruption disaster insurance premiums based on collective risk and the level of risk distribution. The data used in this research is the frequency of events and economic losses due to volcanic eruptions. Event frequency and loss data are analyzed using a collective risk model. Apart from that, determining insurance premiums also takes into account loading factors and the level of risk distribution from volcanic eruption disaster data. From the results of the analysis, it was found that natural disaster insurance premiums had increased, along with an increase in the loading factor provided. In addition, insurance premium expenses are influenced by the collective risks faced by customers. The greater the collective risk faced, the greater the insurance premium that customers must bear. Based on the results of the estimates carried out, it is hoped that this research can provide an overview to the Indonesian government in estimating the Mount Meletus insurance scheme. Meanwhile, insurance companies can get an idea of determining insurance premiums according to conditions in the field.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"90 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140416163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.565
Joseph Echem Obiahu, A. Qutieshat
Entrepreneurship is acknowledged globally as a driver of unemployment reduction, poverty alleviation and national economic well-being. However, many nations, especially developing ones, struggle to sustain growth-oriented entrepreneurship due to limitations in their entrepreneurial ecosystems. With an unemployment rate of 28.9% as of 2019, Lesotho is one of the countries struggling to sustain effective entrepreneurial ecosystems. This article seeks to identify the inadequacies in local entrepreneurial ecosystems that impede the emergence of entrepreneurs and small-and-medium enterprises in Lesotho. This study, grounded in systems theory, utilised a qualitative approach using semi-structured interviews to collect data from twenty-five budding entrepreneurs. Data analysis showed that financial institutions funding, entrepreneurial apathy, poor infrastructure, dearth of talents and leaders, and inadequate support networks were the main barriers to entrepreneurship in Lesotho. This study raises awareness of Lesotho's entrepreneurial ecosystem's basic flaws, which hinder growth-oriented business. The study is expected to improve policymakers’ intervention strategies and attract more scholars' attention to the phenomenon. The study is limited in scope due to the participants' concentration in Maseru, the capital city. This geographical restriction is a limitation to the extent that businesses operating in the city and those operating in the countryside may experience different systemic impacts. Future research should explore broader scope.
{"title":"Inadequacies in Local Entrepreneurial Ecosystems that Impede Growth-Oriented Entrepreneurship in Lesotho","authors":"Joseph Echem Obiahu, A. Qutieshat","doi":"10.46336/ijbesd.v5i1.565","DOIUrl":"https://doi.org/10.46336/ijbesd.v5i1.565","url":null,"abstract":"Entrepreneurship is acknowledged globally as a driver of unemployment reduction, poverty alleviation and national economic well-being. However, many nations, especially developing ones, struggle to sustain growth-oriented entrepreneurship due to limitations in their entrepreneurial ecosystems. With an unemployment rate of 28.9% as of 2019, Lesotho is one of the countries struggling to sustain effective entrepreneurial ecosystems. This article seeks to identify the inadequacies in local entrepreneurial ecosystems that impede the emergence of entrepreneurs and small-and-medium enterprises in Lesotho. This study, grounded in systems theory, utilised a qualitative approach using semi-structured interviews to collect data from twenty-five budding entrepreneurs. Data analysis showed that financial institutions funding, entrepreneurial apathy, poor infrastructure, dearth of talents and leaders, and inadequate support networks were the main barriers to entrepreneurship in Lesotho. This study raises awareness of Lesotho's entrepreneurial ecosystem's basic flaws, which hinder growth-oriented business. The study is expected to improve policymakers’ intervention strategies and attract more scholars' attention to the phenomenon. The study is limited in scope due to the participants' concentration in Maseru, the capital city. This geographical restriction is a limitation to the extent that businesses operating in the city and those operating in the countryside may experience different systemic impacts. Future research should explore broader scope.","PeriodicalId":441425,"journal":{"name":"International Journal of Business, Economics, and Social Development","volume":"22 41","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140409601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.46336/ijbesd.v5i1.538
Kennedy Wandera Walubengo
The framers of the Public Procurement Law envisaged to streamline how public procurement should be conducted in order to realize value for money in public procuring entities. The primary objective of the research thus was to determine the effect of green procurement on service delivery of County Governments in Western Region, Kenya. The study adopted a positivist research approach and was informed by ecological modernization theory. The study was conducted in Western Region, Kenya in the Counties of Kakamega, Busia, Vihiga, and Bungoma. The study's target population of 228 officials was broken down into chief officers, directors, finance officers, and procurement officers. The study selected 174 participants as its sample. Primary data was gathered through interview schedules and a questionnaire. A pilot study was carried out to test for validity and reliability. The data analysis made use of both descriptive and inferential statistics. SPSS version 26 was used to analyse quantitative data while qualitative data was analysed thematically alongside study objectives. Green procurement was found to be a significant predictor of service delivery in County Governments. Specifically the study's findings showed that Green Procurement explains 23% of variation in service delivery of County Governments in western Kenya Region. Green Procurement had unstandardized regression value of 0.368. This suggested that County Governments in the Western Region, Kenya will boost the delivery of services by 36.8% for each additional unit in green procurement. The study came to the conclusion that there is need for the County Governments to ensure legislation, enforcement and adherence to environmental laws and policies.
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