Journal of Management, Economic, and Financial http://jmef.polteksci.ac.id/index.php/jmef <center> <div style="box-sizing: border-box; -webkit-font-smoothing: antialiased; color: #4b566b; font-family: Montserrat, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <p><strong><span style="font-family: Montserrat; color: #4b566b;">Journal of Management, Economic, and Financial </span></strong></p> <p>The <a href="https://jmef.polteksci.ac.id/index.php/jmef/index"><strong>Journal of Management, Economic, and Financial</strong></a> is a double-blind peer review and open access academic journal. This journal is a scientific magazine published six issues per year has published its first issue in 2022 with e-ISSN 2986-6863.</p> <p><img src="https://jmef.polteksci.ac.id/public/site/images/adminrin/footer.png" alt="" width="1263" height="161" /></p> <p>The journal publishes research papers, technical papers, conceptual papers, and case study reports in the Management, Economics, and Finance families. The <strong>Journal of Management, Economic, and Financial</strong> facilitates researchers and academics to publish their scientific manuscripts and support the development of research culture in Indonesia.</p> <p>The journal publishes research articles covering economics and business, which include: Finance and Banking, Econometric Applications, Time Series Econometrics, Cross-sectional Data Econometrics, Panel Data Econometrics, Financial Econometrics, International Trade and Development, Tourism Economics, Business Economics, Microfinance, International Finance, Economics, Finance, and Education Management, Management, Marketing, Human Resources, Organizations, Maznagement Information Systems.</p> <table class="data" style="box-sizing: border-box; border-collapse: collapse; -webkit-font-smoothing: antialiased; color: #4b566b; font-family: Montserrat, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;" width="100%" bgcolor="#f0f0f0"> <tbody> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Journal title</td> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong class="" style="box-sizing: border-box; font-weight: bold; -webkit-font-smoothing: antialiased;"><strong>Journal of Management, Economic, and Financial</strong></strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Initials</td> <td class="" style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong>JMEF</strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Abbreviation</td> <td class="" style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong>JMEF</strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Frequency</td> <td class="" style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong style="box-sizing: border-box; font-weight: bold; -webkit-font-smoothing: antialiased;">6 issue per year<br /></strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">DOI</td> <td class="" style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong style="box-sizing: border-box; font-weight: bold; -webkit-font-smoothing: antialiased;">prefix </strong>by <a href="https://www.crossref.org/"><img style="box-sizing: border-box; vertical-align: middle; border-style: none; -webkit-font-smoothing: antialiased; max-width: 100%; height: auto; width: 25px;" src="https://upload.wikimedia.org/wikipedia/commons/9/91/Crossref_Logo_Stacked_RGB_SMALL.png" alt="" height="14" /></a><strong style="box-sizing: border-box; font-weight: bold; -webkit-font-smoothing: antialiased;"><br style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" /></strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Online ISSN</td> <td class="" style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"> </td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Publisher</td> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong>Politeknik Siber Cerdika Internasional</strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%">Editor-in-chief</td> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"><strong><a href="https://www.scopus.com/authid/detail.uri?authorId=57205064630" target="_blank" rel="noopener">Dwi Ermayanti Susilo</a></strong></td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%"> </td> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"> </td> </tr> <tr style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" valign="top"> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="20%"> </td> <td style="box-sizing: border-box; -webkit-font-smoothing: antialiased;" width="80%"> </td> </tr> </tbody> </table> <p>The <strong>Journal of Management, Economic, and Financial</strong> invites authors to submit their manuscripts for upcoming issues. Before submitting, we encourage you to read and confirm your manuscript to <a style="background-color: #ffffff;" href="https://jmef.polteksci.ac.id/index.php/jmef/author_guidlines">Author Guidelines </a>and <a style="background-color: #ffffff;" href="https://drive.google.com/file/d/130nqSD5n0k7CRtvVqD0dmUM5idYGfcH2/view">Manuscript Template</a>. Articles are usually published only in English. Submit your manuscript to <a style="background-color: #ffffff;" href="https://jmef.polteksci.ac.id/index.php/jmef/submissions">Submission Menu</a>. If you have any questions, please feel free to contact the Editor.</p> </div> </center> Politeknik Siber Cerdika Internasional en-US Journal of Management, Economic, and Financial 2986-6863 The Impact of Coal, Nickel, and Crude Oil Prices on the Composite Stock Price Index 2020-2023 http://jmef.polteksci.ac.id/index.php/jmef/article/view/63 <p>The construction of airports in Indonesia's border areas has a strategic role in supporting connectivity and economic development in border areas. This study uses survey methods and interviews from several respondents in the district of Anambas Islands, Riau Islands Province. Several findings related to the challenges and prospects of airport development in the border area have a positive impact on the community on the border, especially in the Riau Islands Where this area is almost 96% consisting of interview data which shows that 90% feel the benefits and 10% provide input for the next development, making the essence of the airport in the border area very much needed. However, the question is still how sustainable the airport development is. Whether it is completed with the operation of an airport or is it still being developed to continue to provide benefits to the community as the main target.</p> Andy Hendra Suryaka Sri Utami Ady Copyright (c) 2024 Andy Hendra Suryaka, Sri Utami Ady https://creativecommons.org/licenses/by-sa/4.0 2024-11-29 2024-11-29 2 6 287 295 10.46799/jmef.v2i6.63 Implementation of Loss Assessment Theory in Improving the Effectiveness of the Connexity Justice System http://jmef.polteksci.ac.id/index.php/jmef/article/view/66 <p>This research discusses the dynamics and challenges in legal regulation related to human trafficking with a focus on refugees in Indonesia. Although Indonesia is a significant transit country for refugees, the existing legal framework, particularly Law No. 6 of 2011 on Immigration, does not specifically regulate the status and protection of refugees. Consequently, refugees are often viewed as illegal immigrants, leading to human rights violations and legal uncertainties. The first subtitle conducts an analysis of how dynamic legal regulations interact with the challenges faced in human trafficking. It further explores the necessary efforts to create legal certainty, including the need for more specific regulations and transparent procedures. This research is expected to contribute to the development of better policies and practices in handling human trafficking cases and protecting the rights of refugees in Indonesia</p> Savira Rahmadhani Mohamad Tohari Naya Amin Zaini Copyright (c) 2024 Savira Rahmadhani, Mohamad Tohari, Naya Amin Zaini https://creativecommons.org/licenses/by-sa/4.0 2024-11-26 2024-11-26 2 6 263 275 10.46799/jmef.v2i6.66 Digital Image Segmentation with Wavelet Transformation Using Matlab Version R2010b http://jmef.polteksci.ac.id/index.php/jmef/article/view/69 <p>One of the image processing is the segmentation process, which is a stage in the image analysis process that aims to obtain information contained in an image by dividing the image into separate areas where each area is homogeneous and refers to a clear uniformity criterion. In this paper, the application of Wavelet Transformation in the field of image segmentation by designing an application using MATLAB Version R2010B will be raised. Where <em>wavelets </em>are mathematical functions that cut data into different sets of frequencies, so that each of these components can be studied using different resolution scales</p> Muhammad Zainal Abidin Copyright (c) 2024 Muhammad Zainal Abidin https://creativecommons.org/licenses/by-sa/4.0 2024-11-29 2024-11-29 2 6 296 303 10.46799/jmef.v2i6.69 Amethyst Disputation (Datura Stramonium) As A New Type of Psychotropics http://jmef.polteksci.ac.id/index.php/jmef/article/view/64 <p>The amethyst plant (Datura stramonium) contains various active compounds, amethyst is also often used as an alternative medicine. This plant is believed to cure bruises, wounds, toothache, fever, rheumatism, gout and asthma. However, amethyst also has toxic substances that can cause several dangerous symptoms if consumed. One of the most dangerous substances in amethyst is scopolamine which has more dangerous effects than marijuana, methamphetamine, ecstasy, heroin and cocaine. This plant can make humans look like zombies, causing hallucinations. Apart from that, it is often misused to create the effect of excessive pleasure or euphoria, this can cause addiction because users want to repeat the happy feeling as an addictive or psychotropic substance. The legal consequences for users of amethyst narcotics which are not registered in the law are currently unable to take legal action against users, because the narcotics law does not regulate the type of amethyst narcotics itself, therefore the police and the National Narcotics Agency are in charge cannot take legal action against amethyst users. Current community efforts are only in the form of (preventive) appeals and advocacy campaigns, outreach and stop drug campaigns for the community. So there needs to be encouragement from various parties to the legislative body so that there are changes to statutory regulations to determine amethyst as a new type of psychotropic.</p> Adi Purnomo Santoso Boy Nurdin Copyright (c) 2024 Adi Purnomo Santoso, Boy Nurdin https://creativecommons.org/licenses/by-sa/4.0 2024-11-26 2024-11-26 2 6 244 250 10.46799/jmef.v2i6.64 Marketing Strategy of Non-Steroidal Anti Inflammatory (NSAIDs) Selective Cox-2 Inhibitor To Increase Demand By Sales Driven Of Pharmacist’s Recommendation Based On Aisas Model In The Retail Pharmacy http://jmef.polteksci.ac.id/index.php/jmef/article/view/67 <p>Inflammation is a condition that generally occurs in patients with joint-related diseases or injuries that are characterized by pain. In treating pain, the drugs often used are NSAIDs, especially COX-2, which have advantages for patients with Gastrointestinal (GI) problems and are relatively safe for patients with a Cardiovascular (CV) disease history. In the retail pharmacy, the Sanisphere data shows that 33% of pharmacy transaction sales volume is driven by recommendations from pharmacists and frontline employees. Pharmaceutical companies have a significant opportunity to increase demand through pharmacist recommendations in the retail segment, especially for NSAIDs COX-2. This research focuses on implementing an effective marketing strategy using the AISAS Model. Qualitative and Quantitative methods use open and closed-question surveys to analyze the perspective of pharmacists and frontliners regarding influencing factors and marketing activities and tools effectively implemented in the retail pharmacy segment. Competitors, marketing mix, Segmentation, targeting, and positioning have also been analyzed in this research. The research results show that pharmacists consider the following factors for COX-2: Drug indications and pain symptoms, Drug Safety, Drug risk, Drug quality, strength, Onset and effectiveness in treating pain, product knowledge, marketing activities, patient economics, and patient’s request on drug molecule. Several practical marketing activities are applied at each stage of the AISAS Model, Detailing product knowledge, merchandise, discounts, seminars, webinars, marketing activities, sponsorships, and sales visiting activities. Pharmaceutical companies can implement this effective marketing activity proposal to increase demand for COX-2 NSAIDs in pharmacies through pharmacist and frontline recommendations</p> Cahayadi Utomo Go Copyright (c) 2024 Cahayadi Utomo Go https://creativecommons.org/licenses/by-sa/4.0 2024-11-29 2024-11-29 2 6 304 323 10.46799/jmef.v2i6.67 Dynamics and Challenges of Legal Regulation concerning Human Smuggling with Refugee Objects in Indonesia http://jmef.polteksci.ac.id/index.php/jmef/article/view/65 <p>This research discusses the dynamics and challenges in legal regulation related to human smuggling, focusing on refugees in Indonesia. Despite Indonesia being a significant transit country for refugees, the existing legal framework, particularly Law No. 6 of 2011 on Immigration, does not specifically regulate the status and protection of refugees. Consequently, refugees are often viewed as illegal immigrants, leading to human rights violations and legal uncertainty. The first subsection analyzes how dynamic legal regulations interact with the challenges faced in the context of human smuggling. It further explores necessary efforts to create legal certainty, including the need for more specific regulations and transparent procedures. This research is expected to contribute to the development of better policies and practices in dealing with human smuggling cases and protecting the rights of refugees in Indonesia.</p> Lalu Kukuh Kharisma Tri Susilowati Mohamad Tohari Copyright (c) 2024 Lalu Kukuh Kharisma, Tri Susilowati, Mohamad Tohari https://creativecommons.org/licenses/by-sa/4.0 2023-11-26 2023-11-26 2 6 251 262 10.46799/jmef.v2i6.65 The Effect of Financial Performance on Company Value with Sustainability Report Disclosure as an Intervening Variable http://jmef.polteksci.ac.id/index.php/jmef/article/view/68 <p>This study aims to analyze the influence of financial performance on company value by disclosing sustainability reports as an intervening variable in mining sector companies listed on the IDX in 2018-2022. This research population is mining sector companies listed on the IDX by disclosing sustainability reports. The research sample withdrawal technique is by using the <em>purposive sampling </em>&nbsp;method, where samples are selected on the basis of the suitability of sample characteristics with the specified sample selection criteria. Data analysis in this study uses SEM (<em>Structural Equation Modeling</em>) analysis using SmartPLS software version 4. The results of this study show that: 1) Financial Performance has an influence on the disclosure of sustainability reports; 2) Financial performance affects the value of the company; 3) Sustainability reports have an influence on the company's value; 4) Financial performance has no influence on the company's value through sustainability reports</p> Marwa Abd Aziz Mukhzarudfa Mukhzarudfa Fitrini Mansur Copyright (c) 2024 Marwa Abd Aziz*, Mukhzarudfa, Fitrini Mansur https://creativecommons.org/licenses/by-sa/4.0 2024-11-29 2024-11-29 2 6 276 286 10.46799/jmef.v2i6.68