Journal of Enterprise and Development (JED)
The Journal of Enterprise and Development (JED) is published by the Faculty of Islamic Economics and Business, Mataram Islamic State University. The scope of JED includes tourism, finance, economics, business and entrepreneurship. JED focuses on theoretical and applied research from all fields in tourism, finance, economics, business and entrepreneurial studies.
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<![CDATA[Generation-Z and travelling interest in Tebing Tinggi ]]>
<![CDATA[Haratikka, Haya]]>;
<![CDATA[Purba, Anita]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7004
<![CDATA[Purpose — The aim of this research is to examine the interest of Generation-Z in travel by exploring the factors that influence their choice of tourism destination and reasons for traveling.Method — To collect data for this research, a qualitative method was employed whereby an open-ended online questionnaire was distributed to 71 individuals belonging to the Z generation in Tebing Tinggi City. We utilized thematic analysis as the technique to examine and analyze the data collected.Result — We found that Generation-Z has a psychological need for vacations to alleviate the stress caused by their numerous responsibilities. When traveling, they typically choose the closest and most renowned tourist destination in their area, without spending excessive amounts of money. Popular activities for them include searching for picturesque locations, experiencing local cuisine, and camping. To travel affordably and efficiently, Generation-Z often opts for private vehicles such as motorcycles or cars, which enable them to visit multiple places.Contribution — This study contributes to the body of knowledge on Generation-Z travel behavior and has implications for the tourism industry in terms of catering to this demographic's unique preferences and needs.]]>
<![CDATA[Blockchain zakat in zakat management organizations, is it necessary? ]]>
<![CDATA[Ikhsan, Nurul]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7043
<![CDATA[Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki.Method — This research is a qualitative research conducted with descriptive-analytic method through literature study.Result — Zakat management organizations have a duty to ensure transparent management of the funds they collect as public institutions, and therefore must be trustworthy. By adopting a blockchain-based zakat system, these organizations can enjoy various advantages such as trustlessness, immutability, decentralization, lower costs, peer-to-peer transactions, transparency, and universal banking. This technology can also help address existing issues within zakat institutions.Contribution — This study contributes to the existing literature on blockchain-based zakat system which is still rarely to be discussed.]]>
<![CDATA[Analyzing Vietnam’s textile garment global supply chain with the Revealed Comparative Advantage ]]>
<![CDATA[Nguyen, Ngoc Quyen]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7070
<![CDATA[Purpose — This paper aims to calculate and analyze the Revealed Comparative Advantage index (RCA) of Vietnam’s textile garment industry in the global supply chain by comparing it to other countries, thereby suggesting appropriate solutions.Method — The research uses the calculation method of Revealed Comparative Advantage - RCA. RCA brings up an efficient method to analyze a nation’s comparative advantage based on actual export activity data that were extracted from the TRADEMAP platform.Result — Although Vietnam has many advantages and strong features, the RCA index (1.93) in this study shows that Vietnam's total textile garment supply chain ranks fifth on a worldwide scale, following Bangladesh (10.54), Turkey (3.81), China (2.55), and India. (2.47). The raw materials (RCA 1.65) and fabric production (RCA 1.29) phases are extremely weak, ranking sixth and fourth in the world, respectively. Making garments is the best, ranking third globally and with an RCA of 3.4.Contribution — This research validates the usefulness and feasibility of the RCA calculation approach for analyzing the comparative advantages of Vietnam's textile garment supply chain, which has never been used previously. The research measured and quantified the benefits of Vietnam's textile garment supply chain in order to compare other rivals visibly, so readers can clearly grasp where Vietnam stands on the global textile garment supply chain.]]>
<![CDATA[What drives e-commerce repurchase intention? Mediating role of customer satisfaction ]]>
<![CDATA[Indraswari, Salsabila Pavita]]>;
<![CDATA[Mardalis, Ahmad]]>;
<![CDATA[Nugroho, Sidiq Permono]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7105
<![CDATA[Purpose — The main objective of this study is to evaluate the behavioral models of TAM (Technology Acceptance Model) and SDL (Service Dominant Logic). Its specific focus is to investigate how ease of use, servitization, and security impact repurchase intention in e-commerce. Additionally, this study aims to examine the mediating role of customer satisfaction.Method — This study utilized quantitative method which involved an online survey with 125 student participants. The sampling technique involved non-probability and purposive sampling. The validity and reliability of the outer model were assessed through SmartPLS analysis, while the smartPLS inner model was used to test hypotheses.Result — Our findings indicate that there is a direct impact of ease of use, servitization, and security on repurchase intentions in e-commerce. Additionally, we observed that perceived customer satisfaction serves as a mediator in the behavioral model of e-commerce repurchase intention.Contribution — This study provides empirical evidence on how ease of use, servitization, and security impact customer repurchase intentions in e-commerce, with customer satisfaction serving as the mediator and TAM and SDL behavioral models as the primary frameworks for analysis.]]>
<![CDATA[SMEs sustainability through entrepreneurship training in Tanzania ]]>
<![CDATA[Malipula, Mrisho Mbegu]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7168
<![CDATA[Purpose — The research uncovers how entrepreneurship training impacts SMEs sustainability, outlines relevant training, exposes the limitations to accessing such training in Tanzania, and recommends strategies to improve access.Method — This article reports on a qualitative case study conducted in Morogoro Municipality from 2021 to 2022. The study involved 62 face-to-face interviews with entrepreneurs in Sabasaba, Mazimbu, and Kihonda Wards, as well as KIIs with five government officials dealing with entrepreneurship matters. These Wards were selected because of their high numbers of SMEs and economic potential. The data obtained from interviews and desk reviews were analyzed through content analysis and presented descriptively, with triangulation applied to ensure data validity and reliability. Documentary reviews were used to complement the data.Result — The study supports previous research suggesting that entrepreneurship training has a positive impact on the sustainability of SMEs. Specifically, training in customer service, opportunity identification, and record keeping were seen as crucial for increasing customers, sales, and profits, ultimately leading to SME sustainability. However, the high costs associated with such training prevent many entrepreneurs from accessing it. Therefore, interventions from government and other authorities are necessary to make relevant entrepreneurship training more accessible and affordable.Contribution — This article confirms the positive link between entrepreneurship training and SMEs sustainability using empirical evidence from Tanzania. It identifies specific trainings that can enhance SMEs sustainability, obstacles to accessing training, and suggests practical interventions and policies to improve training accessibility.]]>
<![CDATA[Asymmetric effects of exchange rate volatility on trade flows in Nigeria ]]>
<![CDATA[Rasaki, Mutiu G.]]>;
<![CDATA[Oyedepo, Elizabeth O.]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7192
<![CDATA[Purpose — This study assesses the symmetric and asymmetric effects of exchange rate volatility on trade flows in Nigeria.Method — The study employs quarterly data and covers the period 1995q1 to 2020q4. The data were sourced from International Financial Statistics (IFS) and Central Bank of Nigeria (CBN) websites. The paper applies both linear ARDL and non-linear ARDL (NARDL) models. These methods are employed to evaluate the symmetric and asymmetric effects of exchange rate volatility.Result — The results from linear ARDL model show that exchange rate volatility has only significant short-run effect on export while it has both short-run and long run effects on the imports. The findings from the non-linear ARDL suggest that exchange rate volatility has neither short run nor long run asymmetric effects on exports. However, the non-linear ARDL model reveals short run and long run asymmetric effects of exchange rate volatility on imports. The findings show that increase in volatility reduces imports while decrease in volatility boosts imports.Contribution — Previous studies have only investigated the symmetric effects of exchange rate volatility on trade balance in Nigeria. This study contributes to the literature by examining the symmetric and asymmetric effects of exchange rate volatility on trade flows, using the GARCH-based measure of exchange rate volatility.]]>
<![CDATA[Exploring the role of domestic and foreign factors in Indonesian Islamic mutual funds ]]>
<![CDATA[Adnan, Muhammad]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7224
<![CDATA[Purpose — This study aims to test and analyze domestic and foreign factors' effects on Islamic mutual funds' long-term and short-term Net Asset Value in Indonesia.Method — The research is associative quantitative research. The data used is secondary data in the form of time series data for 2015-2022. Data sources were obtained from the Central Bank of Indonesia, the Financial Services Authority, and Yahoo Finance. Data analysis used time series econometrics with the Error Correction Model (ECM) approach.Result — The ECM estimation results show that in the long run, the money supply, the Jakarta Composite Index (JCI), positively affects the Net Asset Value (NAV) of Islamic mutual funds, and World oil prices hurt the NAV of Islamic mutual funds in Indonesia. In contrast, the World gold price does not affect the NAV of Islamic mutual funds. In the short term, JCI positively affects the NAV of Islamic mutual funds, and the World gold price hurts the NAV of Islamic mutual funds in Indonesia. Conversely, money supply and World oil prices do not affect the NAV of Islamic mutual funds in Indonesia.Contribution — This study makes a significant academic contribution by expanding the understanding of factors influencing the Net Asset Value (NAV) of Islamic mutual funds in Indonesia, addressing the research gap regarding the limited inclusion of variables, and suggesting the need for further exploration and comparative studies in different countries or regions.]]>
<![CDATA[The role of permit relaxation policy in boosting micro-small business income during the COVID-19 ]]>
<![CDATA[Syafrizal, Syafrizal]]>;
<![CDATA[Djamaluddin, Sartika]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7239
<![CDATA[Purpose — This study investigates the effect of permit relaxation policy on micro and small businesses income by considering other factors, such as business capital, labor, business area, business sector, location ownership and business facilities.Method — This study employs quantitative methods by analyzing panel data related to the application for micro and small business permits, specifically focusing on the relaxation program, which was administered by the Department for Investment and Integrated One Stop Services of the Jakarta Capital City Government. The data covers the period from 2020 to 2022 and encompasses all areas, including five cities and one regency, with permits issued by 267 Service Units in Jakarta.Result — The findings of this study, derived from regression analysis and bivariate analysis, reveal a notable positive impact of business permits obtained through the relaxation program on the increase in business income. Specifically, businesses that obtained permits from the relaxation program experienced a higher income of 5.27% compared to those without permits. Furthermore, factors such as capital, labor, and the business sector collectively contribute to a significant positive effect on enhancing business income.Contribution — This research contributes to the existing literature by addressing the gap in previous studies that have not examined the impact of permit relaxation policy on the income of micro and small businesses. It offers valuable insights and knowledge to enhance understanding in this area of study.]]>
<![CDATA[Investigating the implementation of Panji culture-based cultural entrepreneurship ]]>
<![CDATA[Satrya, I Dewa Gde]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7279
<![CDATA[Purpose — This study aims to explore the implementation of Panji culture-based cultural entrepreneurship.Method — This study used a qualitative method, gathering primary data through interviews with Panji mask dance artists and experts at Sanggar Tari Asmorobangun, Panji museum in Malang, and Gubug Wayang Museum in Mojokerto. Secondary data was obtained from relevant literature.Result — The implementation of Panji cultural entrepreneurship involves various aspects such as museums showcasing Panji masks and artifacts, the integration of Panji performances in dance studios and art galleries, and the promotion of Panji culture through handicrafts. These initiatives aim to preserve and promote Panji culture, educate younger generations, attract tourists, and contribute to the creative economy in Indonesia.Contribution — This study contributes by discussing the implementation of Panji culture-based cultural entrepreneurship, filling a research gap in the literature and providing insights into the strategies and initiatives employed in preserving and promoting Panji culture.]]>
<![CDATA[Fashion engagement and pro-environmental attitudes: drivers of sustainable fashion consumption in Indonesia ]]>
<![CDATA[Nuh, Ahmad]]>;
<![CDATA[Munir, Muhammad Misbakul]]>;
<![CDATA[Muhibban, Muhibban]]>
<![CDATA[ Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED) ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram ]]>
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DOI: 10.20414/jed.v5i3.7292
<![CDATA[Purpose — The purpose of this research is to explore the relationship between fashion involvement, pro-environmental attitudes, and consumption of sustainable fashion in the Indonesian market.Method — The research was conducted in the Capital City of Jakarta and satellite cities, involving 236 respondents from three generational groups (Gen X, Gen Y, Gen Z). The study employed surveys to gather data on fashion involvement, pro-environmental attitudes, and sustainable fashion consumption.Result — The findings of the study indicate that both fashion engagement and pro-environmental attitudes have a significant and positive relationship with the consumption of sustainable fashion in the Indonesian market. The research also highlights the importance of social norms and attitudes in influencing sustainable fashion purchasing behavior.Contribution — This research provides valuable insights into the factors driving sustainable fashion consumption in Indonesia through the influence of fashion engagement and pro-environmental attitude variables on three different generational groups, namely gen X, gen Y, and gen Z in Indonesia.]]>
