International Journal on Economics, Finance and Sustainable Development
https://journals.researchparks.org/index.php/IJEFSD
<p>International<strong> Journal on Economics, Finance and Sustainable Development (IJEFSD)</strong> is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while considering sustainability. <strong>IJEFSD</strong> welcomes all well-developed papers exploring areas of economics and finance including papers in the area of sustainable development. Moreover, the journal accepts research articles based but concerning a topic of interest in the field of sustainability while pointing out fields, such as, economics, marketing, business, management, sociology and but not limited. The journal welcomes the submission of manuscripts that meet the general criteria of significance and scientific excellence. The submitted paper will be reviewed by the technical committees of the journal.</p>Research Parks Publishing LLCen-USInternational Journal on Economics, Finance and Sustainable Development2615-4021Contemporary Financial Management. Systematic Literature Review (SLR)
https://journals.researchparks.org/index.php/IJEFSD/article/view/5324
<p>This study presents a systematic literature review (SLR) focusing on the interplay between Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and their impact on financial performance and firm value. The primary objective is to examine how GCG and CSR practices influence company outcomes, particularly in the context of long-term sustainability and competitive advantage. The research methodology involves the collection and analysis of articles from national and international journals using keywords related to corporate management, financial performance, and CSR. The findings demonstrate a positive correlation between GCG, CSR, and firm value, with financial performance acting as a moderating factor. Companies that adopt robust governance and social responsibility practices tend to exhibit stronger financial outcomes and higher firm value. However, the study also identifies gaps in existing literature, particularly in the consistency of measurement techniques and the need for more research in developing countries. This research provides valuable insights for business practitioners and scholars, emphasizing the importance of integrating ethical practices with corporate management to enhance competitiveness and sustainable growth.</p>Budi BudiSamuel Felix
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2024-10-172024-10-17610253259Using Time-Driven Activity-Based Costing (TDABC) to Rationalize Hotel Service Costs
https://journals.researchparks.org/index.php/IJEFSD/article/view/5325
<p>In our world, the number of hotels that provide entertainment and tourism services is increasing, and most hotels are in fierce competition with each other. In order to prepare accurate data on the cost of the guest during his stay, a new method of cost accounting has been developed to keep pace with fierce competition and rapid technological progress. This method is represented by the method of cost accounting based on time-driven activities (TDABC). Its main objective is to test the impact of applying the cost system based on time-specific activities in rationalizing the costs of hotel services. The theoretical aspect showed the concept of this system, its advantages, criticisms and the components directed at it. The study adopted the case study method at the Agnar Tourist Hotel. It is a five-star hotel and the ability of the hotel employees to provide all the information necessary to develop the cost system used in the hotel. In order to prepare the research for the practical aspect, the researcher relied on the accounting data in the hotel records, the research sample and personal interviews with the hotel employees. The study was conducted in 2018. The study concluded that the hotel management can rely on the data issued by the time-driven activity-based costing (TDABC) system. The use of this system in the hotel distinguishes between practical energy and achievable energy. Because the cost of the guest is calculated in the system by estimating the practical energy of each of the activities carried out in the hotel.</p>Youssef Fadhil Shlash
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2024-10-282024-10-28610260266