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Business Innovation and Entrepreneurship Journal
Published by Universitas Garut
ISSN : 26848945     EISSN : 26848945     DOI : https://doi.org/10.35899/biej.v3i3
Core Subject : Economy, Science, Education, Social,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences Other
Business Innovation and Entrepreneurship Journal peer-reviewed and published four times a year in May, August, November and February. This journal is managed by the Faculty of Entrepreneurship at Universitas Garut - Indonesia. The paper is an original script and has a research base on management, business and entrepreneurship.
Arjuna Subject : -
Articles 277 Documents
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Analysis Of Financial Management And Financial Behavior On The Performance Of Culinary Msmes In Medan City Saragih, Vina Gabriella; Daryana, Aditiya Pratama; Damanik, M. A.Jaya
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1183

Abstract

This study aims to examine the influence of financial management and financial behavior on the performance of culinary MSMEs (Micro, Small, and Medium Enterprises) in Medan City, Indonesia. A quantitative approach was adopted, employing a survey method involving 100 randomly selected MSME owners. Data were collected through structured questionnaires and analyzed using validity and reliability tests, classical assumption tests, and multiple linear regression analysis. The results reveal that both financial management (β = 0.476; p < 0.001) and financial behavior (β = 0.352; p = 0.002) have a positive and significant impact on MSME performance. The model explains 58.1% of the variation in MSME performance (R² = 0.581), indicating a strong explanatory power. The findings highlight the importance of financial literacy, structured bookkeeping, and rational financial behavior in enhancing operational efficiency and business sustainability. The study recommends the implementation of financial education programs and hands-on mentoring to strengthen the competitiveness and resilience of culinary MSMEs
HR Strategy in Improving the Organizational Performance of Small Company Arifianto, Chandra Fitra; Gustian, Nanda
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1188

Abstract

Human resource management (HRM) practices in small businesses are often perceived as informal and less in line with normative HRM standards developed in the context of large organizations. This study aims to analyze how HRM practices are implemented in small businesses and to understand their role in addressing resource limitations and uncertain business environments. This study uses a qualitative approach with a case study design, collecting data through in-depth interviews and observations of business owners and employees. Data analysis was conducted thematically to identify patterns of HRM practices, including recruitment and selection, training and development, compensation, performance appraisal, and employment relations. The results of this study indicate that all HRM practices are carried out informally, flexibly, and highly dependent on business owner policies and daily operational needs. This finding strengthens the contingency and institutional perspectives in HRM by emphasizing the importance of organizational context in assessing the effectiveness of HRM practices. This study contributes to the HRM literature by redefining informality not as a deviation from ideal practices, but as a functional strategy relevant to small businesses, and provides practical implications for the development of more contextual and sustainable HRM.
The Sustainable Business Model Development For Smes In Palm Post-Harvest Equipment Sangadah, Hanik Atus; Juarsa, Rahmadini Payla
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1193

Abstract

Small and medium industries that produce post-harvest tools for oil palm are growing quite rapidly in Riau Province. The business activities carried out by MSMEs need to be continuously developed especially business model. This study uses SWOT analysis to determine business model development strategy. The strategy obtained from the SWOT analysis is then used to develop BMC 2.0 with activities that must be maintained, developed, and created. BMC 1.0 resulted from observations and interviews with business actors. The results of this study are the formulation of BMC 2.0 by applying each strategy resulting from the SWOT analysis which is carried out including creating products that are more diverse and in accordance with SNI standards, actively participating in activities or programs from the Regional Government, producing tools according to requests from consumers, and starting to adopt a recording system digital finance. The results of BMC 2.0 can be used as a reference for MSMEs in developing their business units, namely by implementing a market penetration strategy to obtain broader market or consumer segmentation.
Geopolitical Risk Transmission in Indonesia’s Financial and Commodity Markets Fitrasari, Raisa Dea; Hariwibowo, Sigit Surya; Lawalata, Parlis; Hadi, Rachman
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1194

Abstract

This study investigates the impact of geopolitical risk on Indonesia’s macroeconomic stability using a Vector Autoregression (VAR) approach. Quarterly data from 2010 to 2025 are analyzed, encompassing geopolitical risk, economic growth, stock market index, inflation, interest rates, exchange rates, and commodity prices. The impulse response function results indicate that shocks from geopolitical risk exert limited and temporary effects on most macroeconomic variables, which generally return to equilibrium within a few periods. In contrast, financial variables, particularly stock prices and gold, exhibit more pronounced responses. Variance decomposition further demonstrates that the influence of geopolitical risk is relatively minor for real sector variables but more significant in financial markets. These findings suggest that Indonesia’s economy demonstrates considerable resilience to geopolitical shocks, with transmission occurring primarily through financial channels.
The Determinants Of Profitability In Indonesia Plantation And Food Crop Companies 2020–2024 Puspita, Aulia; Purwanto, Purwanto
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1196

Abstract

This study analyzes the influence of debt-to-equity ratio, current ratio, inventory turnover, sales growth, and total asset turnover on return on assets in Indonesian plant and food crop companies. Using panel data regression with a fixed effects model, the study examined 21 plantation and food crop companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024, resulting in 99 observations after removing outliers. The result explains 66.93% of the variance in ROA, while the remaining 33.07% is explained by variables not included in the test. The results indicate that multiple factors influence the return on assets in the sample studied. The debt-to-equity ratio has a significant negative impact on the return on assets. The most important influencing factors, sales growth and total asset turnover, have a significant positive impact on return on assets, while the current ratio and inventory turnover have a minor or insignificant effect. Factories and investors in the plant and food crop sectors should use these correlations to assess their progress. This research contributes to the limited literature on financial determinants of profitability in the plantation and food crop sector, providing empirical evidence for stakeholders and investors in making financial decisions.
Profitability and Capital Structure on Firm Value in Indonesian Construction State-Owned Enterprises Alrasyid, Muhammad Alfin
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1200

Abstract

This study aims to examine the effect of profitability and capital structure on the firm value of construction sector State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange during the 2015–2024 period. This research employs a quantitative causal associative approach using secondary data collected from four major construction SOEs (PTPP, ADHI, WIKA, and WSKT) over a ten-year observation period. Panel data regression analysis using the Common Effect Model (CEM) is applied to test the proposed relationships. The results reveal that profitability, proxied by Return on Equity (ROE), and capital structure, proxied by Debt to Equity Ratio (DER), do not have a significant effect on firm value, measured by Price to Book Value (PBV), both partially and simultaneously. These findings indicate that the independent variables included in the model have limited explanatory power in determining firm value. This study contributes by highlighting the need to consider additional relevant variables beyond traditional financial ratios in explaining firm value.
Optimization of Decision-Making for Rotor Turbine Recovery in Geothermal Power Plants Using AHP, DEMATEL, and TOPSIS Methods Sahid, Deden Ibnu; Hamdani, Nizar Alam; Firdaus, Oktri M
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 8 No 2 (2026): Business Innovation and Entrepreneurship Journal (May)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35899/biej.v8i2.1201

Abstract

Geothermal Power Plants (GPPs) are a key source of renewable energy that plays a vital role in supporting national energy security. The operational reliability of GPPs is heavily influenced by the performance of steam turbines, particularly the turbine rotor, which converts thermal energy into mechanical energy. This study aims to optimize decision-making in geothermal power plant turbine rotor recovery by employing a multi-criteria decision-making approach through the integration of the Analytic Hierarchy Process (AHP), Decision Making Trial and Evaluation Laboratory (DEMATEL), and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methods. The research findings are expected to provide recommendations for optimal turbine rotor recovery strategies that take into account technical, economic, and operational aspects, as well as support improvements in the reliability and operational efficiency of geothermal power plants in Indonesia.

Page 28 of 28 | Total Record : 277

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