cover
Contact Name
Muhammad Muhajir Aminy
Contact Email
azeer.elkhawarizm@uinmataram.ac.id
Phone
+628970990790
Journal Mail Official
jed@uinmataram.ac.id
Editorial Address
Jl. Gajah Mada No. 100 Jempong Baru, Kec. Sekarbela, Kota Mataram, NTB, Indonesia
Location
Kota mataram,
Nusa tenggara barat
INDONESIA
Journal of Enterprise and Development (JED)
ISSN : 27153118     EISSN : 26858258     DOI : https://doi.org/10.20414/jed
Core Subject : Economy,
Journal of Enterprise and Development (JED) (p-ISSN: 2715-3118/ e-ISSN: 2685-8258) is an international peer-reviewed journal that publishes high-quality research in economics, finance, management, entrepreneurship, and tourism, with a particular focus on enterprise development, innovation, public policy, and sustainable economic development. The journal promotes theoretically grounded, methodologically rigorous, and policy-relevant scholarship that contributes to academic debate and practical understanding of development issues in both emerging and developed economies.
Articles 16 Documents
Search results for , issue "Vol. 7 No. 3 (2025)" : 16 Documents clear
Internationalization of Born-Digital Firms: A Multi-Case Study of Indonesian Tech Unicorns Putri, Novinda Krisna; Soelistyoningrum, Jenia Nur; Shakeel, Eram
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.13864

Abstract

Purpose: This study investigates the mechanisms through which born-digital firms and technology companies enter international markets, utilizing the theoretical framework of the Uppsala internationalization model.Method: A qualitative multi-case study methodology was employed, incorporating secondary data sourced from corporate reports, industry news, and academic literature to analyze market entry modes, internationalization process strategies, and motivations for foreign market engagement.Result: The findings indicate that fintech companies such as Xendit and Kredivo adopt more cautious, regulation-driven strategies, often engaging in strategic partnerships and joint ventures. In contrast, digital firms like Gojek and Traveloka are inclined to pursue rapid and high-commitment internationalization through a combination of virtual presence and subsidiary offices. The study underscores the continued significance of psychic distance, as all firms initially expand into Southeast Asian markets that are geographically and culturally proximate.Practical Implications for Economic Growth and Development: The findings provide valuable insights for management regarding strategic decision-making in the internationalization process, highlighting the necessity for entry modes to be tailored to sector-specific contexts. The empirical results further demonstrate that successful internationalization requires a dual strategy that integrates virtual presence with localized approaches.Originality/Value: This study contributes to the existing literature by illustrating how born-digital firms are redefining traditional internationalization pathways, with particular emphasis on the roles of digital infrastructure, regulatory adaptation, and ecosystem integration in their foreign expansion endeavors.
Assessing Environmental Sustainability Across Coastal Tourism Routes in North Jakarta Ismayanti, Ismayanti; Rahmah, Syifa
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14033

Abstract

Purpose: This research aimed to compile a ranking of the conditions of existing tourism destinations and assess the level of environmental sustainability across the twelve coastal tourism destination routes in North Jakarta.Method: The study employed a descriptive research design with a quantitative approach, utilizing scoring techniques based on the Barometer of Tourism Sustainability (BTS) performance scale. Data were collected through observations and in-depth interviews with key informants from the selected twelve coastal tourism destination routes in North Jakarta. The research variables were derived from governmental guidelines pertaining to sustainable tourism destinations, encompassing natural conservation, resource management, and waste and emission management.Result: The findings identified the Ancol area as the highest-ranked destination in terms of environmental sustainability, thereby positioning it as a desirable location. Conversely, Muara Angke and Bahtera Jaya Yacht Club were ranked as the lowest and deemed unsustainable destinations. Overall, the environmental sustainability level of the twelve coastal tourism destinations was categorized as potentially unsustainable due to notable deficiencies in resource management, waste management, and emission management.Practical Implications for Economic Growth and Development: The findings provide significant insights for policymakers. Initiatives promoting renewable energy, encouraging the use of public transportation by visitors, and fostering circular economies through sustainable production practices represent viable actions for stakeholders. Given recent constraints, future research is recommended to explore additional aspects of sustainability and to assess the potential impacts of emerging destinations in North Jakarta.Originality/Value: This study contributes novel insights into the relationship between destination development guidelines and environmentally sustainable practices within the context of the twelve coastal tourism destinations in North Jakarta.
Does Intellectual Capital Influence Sustainability Reporting in Indonesia’s Energy and Mining Industry? Moderating Role of Audit Committee Suwarno, Suwarno; Syaiful, Syaiful
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14046

Abstract

Purpose: This study aims to investigate the influence of intellectual capital on sustainability reporting within the energy and mining industry in Indonesia. Additionally, it examines whether this influence is moderated by audit committee.Method: This research employs a quantitative approach, utilizing secondary data from 32 energy and mining companies listed on the Indonesia Stock Exchange (IDX) for the period of 2020–2023. Partial least squares structural equation modeling (PLS-SEM) was applied to test the hypotheses.Result: The findings reveal several significant outcomes. First, intellectual capital positively influences sustainability reporting. Second, audit committee serves as a moderator in the relationship between intellectual capital and sustainability reporting.Practical Implications for Economic Growth and Development: This study underscores the necessity for firms to enhance their internal capabilities, particularly in the domains of intellectual capital and governance functions, to improve sustainability disclosures. Such improvements may promote transparency, bolster investor confidence, and contribute to sustainable economic development in emerging markets.Originality/Value: This research contributes to the resource-based view theory and agency theory by illustrating the dual role of governance mechanisms in sustainability practices and providing new evidence regarding the contingent relationship between intellectual capital and sustainability reporting within the context of a developing country.
Determinants of Dividend Per Share in Indonesia’s Non-Cyclical Manufacturing Firms Novriani, Anditha; Marom, Suhula Divina; Leon, Farah Margaretha
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14065

Abstract

Purpose: This study investigates the influence of internal firm-specific variables on dividend per share (DPS) within the non-cyclical manufacturing sector in Indonesia. It emphasizes key internal determinants that shape corporate dividend policy.Method: A quantitative research design is employed, utilizing panel data regression on a sample of 26 non-cyclical manufacturing firms listed on the Indonesia Stock Exchange over the period 2021–2024. Secondary data are obtained from audited annual financial reports. The fixed-effects model is selected as the most appropriate estimation technique, based on the results of the Chow and Hausman specification tests, to ensure model robustness and accuracy.Result: Empirical analysis reveals that firm life cycle, leverage, firm size, firm age, and earnings volatility exert a statistically significant influence on DPS. Conversely, profitability, liquidity, and growth opportunities are found to have no significant effect.Practical Implications for Economic Growth and Development: The findings have important implications for corporate managers, investors, and policymakers in formulating dividend strategies that align with a firm’s financial structure and stage of development. Enhanced dividend decision-making can strengthen investor confidence, improve firm valuation, and promote capital market efficiency, thereby contributing to sustainable economic development.Originality/Value: This study extends the existing body of knowledge by integrating earnings volatility into the analysis of dividend determinants, offering original empirical evidence from the Indonesian manufacturing sector. The results provide a deeper understanding of firm-level financial factors influencing dividend policy in the context of emerging economies.
Social Media Marketing, Brand Image, e-WOM, and Service Quality as Drivers of Trust in International Personal Shopper Services Kesumahati, Erilia; Lim, Glenis Doren; Yuwono, Wisnu
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14153

Abstract

Purpose: This study examines the influence of social media marketing, electronic word of mouth (e-WOM), service quality, and brand image on trust in international personal shopper services, commonly referred to in Indonesia as jastip (jasa titip).Method: This research employs a quantitative approach utilizing Partial Least Squares Structural Equation Modelling (PLS-SEM). The study collects data from 250 users of Jastip services through social media platforms such as Instagram, Shopee, and TikTok.Result: The findings reveal that all independent variables—social media marketing, e-WOM, service quality, and brand image—significantly affect consumer trust. Among these variables, e-WOM and brand image demonstrate the strongest influence. Additionally, social media marketing positively impacts brand image, service quality, and e-WOM.Practical Implications for Economic Growth and Development: This study highlights the crucial role of digital platforms in fostering trust and consumer engagement in international shopping services. By strengthening social media strategies, Jastip providers can enhance customer loyalty, thereby indirectly supporting cross-border commerce and contributing to the growth of the digital economy.Originality/Value: This study integrates four key variables into a comprehensive model to elucidate trust in personal shopper services. While previous studies often examine these variables in isolation, this research provides a holistic perspective on how digital marketing efforts and consumer perceptions collectively shape trust in consumer-to-consumer (C2C) business models.
Macroeconomic Drivers of GDP per Capita Growth in Five Middle-Income ASEAN Countries Choirunnisa, Nur Haniifa; Yusfi, Reikha Habibah
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14155

Abstract

Purpose: This study aims to analyze the influence of Gross Fixed Capital Formation, exports of goods and services, remittances, and inflation on Gross Domestic Product per capita in five middle-income ASEAN countries: Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.Method: A quantitative approach is employed utilizing panel data regression analysis. The Fixed Effects Model (FEM) is applied, selected based on the outcomes of the Chow and Hausman tests. Secondary data are sourced from the World Bank, encompassing the period from 2000 to 2023, yielding a total of 120 observations (5 countries over 24 years).Result: The empirical findings indicate that Gross Fixed Capital Formation, exports of goods and services, and remittances each have a positive and statistically significant effect on GDP per capita. Conversely, inflation exhibits a significantly negative impact. These results underscore that investments, export activities, and remittance inflows contribute to economic growth, whereas inflation diminishes purchasing power and may impede progress beyond the middle-income trap.Practical Implications for Economic Growth and Development: Governments in middle-income ASEAN countries should prioritize physical investment, enhance export markets, direct remittances toward human capital development, and implement effective monetary policies to regulate inflation and foster sustainable growth.Originality/Value: This study provides a novel contribution by integrating four key macroeconomic variables into a cohesive cross-country panel framework focused on ASEAN. It offers updated empirical evidence to enhance the understanding of the dynamics of GDP per capita and its correlation with the risks associated with the middle-income trap in the region.
Enhancing Innovation through Absorptive Capacity: The Moderating Role of Intellectual Capital Andriani, Maya; Pratama, Bima Cinintya; Kusbandiyah, Ani; Wibowo, Hardiyanto
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14157

Abstract

Purpose: This study aims to investigate the impact of absorptive capacity on innovation within non-cyclical manufacturing companies in Indonesia and to examine the moderating role of intellectual capital.Method: The study employed a quantitative descriptive methodology, analyzing 176 data points derived from the annual financial statements of 38 non-cyclical manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. The sample was selected through purposive sampling based on specific criteria pertinent to the research objectives. Regression analysis was conducted using Stata, applying main and moderation models under fixed effects (as determined by the Hausman test), while passing diagnostic tests for heteroscedasticity and serial correlation to ensure validity and reliability.Result: The findings indicate that absorptive capacity significantly enhances innovation. Human capital and structural capital exert a positive and significant influence on innovation, whereas physical capital does not demonstrate a statistically significant direct effect. Nevertheless, the interaction of absorptive capacity with both structural capital and physical capital significantly bolsters innovation. Conversely, the interaction between absorptive capacity and human capital presents a negative moderating effect.Practical Implications for Economic Growth and Development: This study confirms that enhancing absorptive capacity, supported by intellectual capital, can improve innovation in non-cyclical manufacturing companies, ultimately strengthening industrial productivity and contributing to national economic growth.Originality/Value: This study provides an original contribution by empirically examining the moderating role of intellectual capital in the relationship between absorptive capacity and innovation, framed within the Resource-Based View theory.
Drivers of Brand Loyalty in Food Delivery Applications: Evidence from India Ekka, Preeti Peter; Kumari, Nutan
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14187

Abstract

Purpose: The advent of food delivery applications (FDAs) has markedly altered urban food consumption patterns, particularly within the Indian context. This study aims to investigate the primary factors that influence brand loyalty towards FDAs.Method: This research employs a quantitative methodology utilizing a cross-sectional survey design. Data were obtained from 400 urban consumers in the Raipur district of Chhattisgarh through meticulously constructed questionnaires, employing a 7-point Likert Scale. A purposive sampling technique was utilized, specifically targeting individuals who actively engage with FDAs. Structural Equation Modelling (SEM) was utilized for data analysis, employing Jamovi 2.6 software.Result: The findings indicated significant positive correlations among the examined variables. Customer Services and Ratings & Reviews demonstrated the most pronounced impact on Brand Loyalty, followed by Restaurant Selection and Delivery Time.Practical Implication for Economic Growth and Development: The results provide critical insights for marketers and application developers, enabling them to prioritize enhancements in customer service quality and effectively utilize ratings and reviews to augment user satisfaction and bolster customer retention on food delivery platforms.Originality/Value: This study represents one of the few empirical examinations focusing on urban consumers in the Raipur district of Chhattisgarh, contributing region-specific insights into the dynamics of consumer behavior and brand loyalty within the rapidly evolving Indian FDA market.
Personality Traits and Education Level in Enhancing Financial Knowledge and Behavior of Gen Z and Millennial Women Apriani, Erna; Latif, Abdul; Aprilianti, Aprilianti
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14224

Abstract

Purpose: This study aims to analyze the impact of personality traits and education level on financial knowledge and financial management behavior among Gen Z and Millennial women, with financial technology serving as a mediating variable.Method: The data analysis method employed in this study is associative causality using a quantitative approach, specifically Structural Equation Modeling (SEM). The sample consists of Millennial and Gen Z women actively participating in the labor force in West Java. The sampling techniques include direct observation, online questionnaires, and interviews with 400 respondents.Result: The study found that personality traits and education levels significantly influence financial knowledge. Additionally, both financial knowledge and financial technology have a significant impact on financial management behavior. Financial knowledge also significantly affects financial technology, which mediates the relationship between personality, education level, and financial management behavior.Practical Implications for Economic Growth and Development: This study highlights the financial management behavior of women, particularly Gen Z and Millennials, as a sustainable demographic bonus towards 2045. Improved financial management practices, driven by personality, education level, financial knowledge, and financial technology, can convert income into long-term savings, thereby contributing to sustainable economic growth and development.Originality/Value: This study introduces a novel perspective by focusing on samples of Gen Z and Millennial women in the West Java region and by emphasizing the role of financial technology as a mediating variable in the analysis.
Determinants of Female Entrepreneurial Success: The Influence of Social, Financial, and Institutional Support Pashtoon, Rahmatullah; Bin Mohamad, Noorihsan; Hamid, Zarinah
Journal of Enterprise and Development (JED) Vol. 7 No. 3 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i3.14292

Abstract

Purpose: This research aims to identify the variables that impact both the financial and non-financial performances of Afghan women-owned businesses.Method: This study utilized a descriptive, cross-sectional design with a quantitative approach, employing a Structural Equation Model (SEM) to assess the influence of push and pull factors on the success of female entrepreneurs. A purposive sample of 308 women-led Micro and Small Enterprises (MSEs) in Kandahar, Afghanistan, was surveyed using a structured questionnaire.Result: The study identified key determinants influencing both the financial and non-financial performance of women entrepreneurs. Significant factors include familial support and motivation, access to financial resources, availability of training and professional development opportunities, and support from governmental and non-governmental organizations. Conversely, self-independence, self-efficacy, and access to professional networks did not exhibit a statistically significant positive impact on business performance.Practical Implications for Economic Growth and Development: This article outlines key strategies for enhancing the business environment and success of female entrepreneurs. The findings provide a basis for policymakers to design supportive frameworks that foster the growth and sustainability of women-led enterprises. By identifying critical success factors, the study contributes to the empowerment of female entrepreneurs and their transformative role in driving innovation, job creation, economic development, and poverty alleviation.Originality/Value: Although there is ample research on female entrepreneurs, a notable gap exists in studies that explicitly examine the factors influencing their financial and non-financial success, particularly in war-torn areas such as Kandahar. This paper explores significant topics and advocates for further investigation in this field.

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