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
Exploring the Determinants of Financial Distress in ASEAN-5 Firms During the COVID-19 Pandemic Alfiyanah, Dwi; Kurniawanti, Ika Atma
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.v7i3.14346

Abstract

Purpose: This study examines the relationship between profits, cash flows, leverage, and their effects on financial distress in publicly traded companies across the ASEAN-5 countries during the COVID-19 pandemic, spanning from 2020 to 2023.Method: Financial distress was measured using the Altman Z-score, and the analysis utilized panel data regression. To enhance the reliability of the results, the Fixed Effect Model (FEM) with robust standard errors was applied. The sample consisted of 3,065 firms and 10,750 firm-year observations, selected through purposive sampling from the Osiris database.Result: The findings show that long-term leverage significantly increases the likelihood of financial distress. In contrast, profit, operating cash flow, and the current ratio had no significant effect. These results emphasize the critical role that long-term debt structure plays in shaping financial vulnerability during systemic crises, such as pandemics.Practical Implications for Economic Growth and Development: This study offers valuable insights for corporate managers, investors, and policymakers in developing strategies to strengthen capital structure management. Reducing reliance on long-term debt can enhance corporate financial resilience, which, in turn, supports macroeconomic stability and promotes sustainable development.Originality/Value: This study contributes to the literature by focusing on the pandemic period in the ASEAN-5 region, utilizing a comprehensive cross-country and multi-year sample, and highlighting the significance of long-term leverage as a key factor in financial distress.
Exploring the Role of Artificial Intelligence, Business Agility, and Business Model Innovation in Enhancing Culinary MSMEs Performance Pasaribu, Romindo Megawati; Damanik, Hanna Meilani; Sitorus, Trimelda Mei Liana
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.v7i3.14368

Abstract

Purpose: This study aims to identify the factors influencing the performance of Micro, Small, and Medium Enterprises (MSMEs) in the culinary sector, with a particular focus on their capabilities in artificial intelligence (AI). The research examines business model innovation as a mediating factor and business agility as a moderating factor.Method: The research was conducted in Medan, targeting culinary entrepreneurs with a sample size of 165 respondents. Hypothesis testing was performed using PLS-SEM.Result: The results indicate that AI capabilities and business model innovation have a positive and significant impact on the business performance of culinary MSMEs in Medan. Mediation analysis reveals that business model innovation effectively mediates the relationship between AI capabilities and the performance of culinary MSMEs. However, moderation analysis shows that business agility does not strengthen the impact of AI capabilities and business model innovation on business performance.Practical Implications for Economic Growth and Development: This study emphasizes the significance of artificial intelligence, business agility, and business model innovation in enhancing the performance of MSMEs within the culinary sector. Adopting AI, improving business agility, and promoting business model innovation can enhance MSMEs' performance and contribute to digital economic growth.Originality/Value: This study evaluates AI capacity through mediation and moderation approaches based on the Resource-Based View (RBV) theory. It explores how AI capabilities, business agility, and business model innovation can improve MSME performance, an area that remains underexplored in developing countries such as Indonesia.
Social Media Marketing and Brand Loyalty in the Indonesian Fashion Market: Mediating Role of Consumer Brand Engagement and Brand Awareness Christiarini, Renny; Natalya, Natalya; Purwianti, Lily
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.v7i3.14386

Abstract

Purpose: This study examines how social media marketing elements—entertainment, interaction, and electronic word-of-mouth (eWOM)—influence brand loyalty toward local Indonesian fashion brands. It explores both the direct and indirect effects, with consumer brand engagement and brand awareness acting as mediators.Method: A quantitative research design was employed, involving 311 respondents aged 18–43 who are active social media users and have purchased local fashion products. Data were collected through an online questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM).Result: The results indicate that entertainment, interaction, and eWOM significantly enhance consumer brand engagement and brand awareness. Both mediating variables were found to strengthen brand loyalty, demonstrating that a well-structured and engaging digital presence can foster emotional connections, trust, and long-term relationships between consumers and local brands.Practical Implications for Economic Growth and Development: By enhancing their digital engagement strategies, local fashion brands can increase repeat purchases, generate sustainable revenue streams, and contribute to the growth of Indonesia's creative economy. These improvements also enhance the competitiveness of local brands in both domestic and global markets, supporting inclusive economic growth and industry resilience.Originality/Value: This study integrates entertainment, interaction, and eWOM into a single model. It also highlights the mediating roles of consumer brand engagement and brand awareness, specifically within the context of local Indonesian fashion brands targeting Gen Z and millennial consumers.
The Role of the Defense Industry in Supporting Economic Growth: A Comparison Between Global Trends and Indonesia’s Challenges Sutisna, Agus; Wulan, Hendra; Saputro, Guntur Eko
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.v7i3.14391

Abstract

Purpose: This study aims to analyze and compare the role of the defense industry in supporting economic growth, focusing on the gap between global trends and the realities faced in Indonesia.Method: A systematic literature review (SLR) following the PRISMA protocol was employed for this research. It analyzes 48 articles from 2014 to 2024 using both descriptive and bibliometric methods to synthesize the findings.Results: A significant gap between global trends and Indonesia's reality is evident. While the defense industry globally has consistently been a key economic driver through increased exports, investment, and innovation, in Indonesia, its role remains largely untapped. The industry is hindered by various challenges, such as a high dependence on imported weapons and components, which limits export capabilities, suboptimal human resources, inconsistent domestic orders, and a minimal R&D budget that drains resources without fostering competitive innovation.Practical Implications for Economic Growth and Development: This study offers an evidence-based diagnosis of the main challenges the Indonesian government must address. The findings can inform the development of more effective policies to promote the defense industry’s independence, enabling its transition from a potential contributor to a real driver of economic growth and development.Originality/Value: This study is novel in two ways: first, it is the first SLR comparing the global and Indonesian contexts, and second, it uniquely applies the "industrialization by invitation" framework. This theoretical lens sheds light on Indonesia's performance gap by mapping its structural challenges, providing a deeper analytical understanding of the issue.
The Role of Artificial Intelligence in Enhancing MSME Performance: The Interplay Between Customer Orientation, Competitor Orientation, and Brand Commitment Dewi, Intan Rahma; Oktaviano, Muhammad Ikko; Firdaus, Wildan Arief; Purnamasari, Puji Endah; Permatasari, Ditya
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.v7i3.14392

Abstract

Purpose: This study aims to examine the impact of customer orientation, competitor orientation, and brand commitment on the business performance of Micro, Small, and Medium Enterprises (MSMEs), focusing on the moderating role of artificial intelligence (AI) in enhancing strategic responsiveness and competitiveness in the digital transformation era.Method: A quantitative explanatory approach was used, involving structured questionnaires distributed to 373 MSME owners and managers in Lowokwaru District, Malang City. Data analysis was conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS software to assess both direct and moderating effects. Reliability and validity tests were performed through composite reliability and average variance extracted (AVE) analysis.Result: We found that customer orientation, competitor orientation, and brand commitment significantly and positively influenced MSME performance. However, AI did not significantly moderate these relationships, indicating that AI adoption among MSMEs is still in the early stages and has not yet shown measurable effects. Despite this, AI adopters exhibited improved operational efficiency and decision-making accuracy.Practical Implications for Economic Growth and Development: The study highlights the need for MSMEs to strengthen customer focus, competitor awareness, and brand commitment to enhance business performance. Although AI did not show a moderating effect, gradual adoption of AI technologies could improve efficiency, innovation, and competitiveness, fostering regional economic growth.Originality/Value: This research contributes to the literature by integrating AI as a moderating variable in the relationship between marketing orientation and business performance, offering empirical evidence that extends AI-based strategic capability models within the MSME context.
Impact of Emotional Intelligence and Hedonistic Lifestyle on Financial Management with Self-Control as a Mediator Wahyuningrum, Nahda; Harsono, Harsono
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.v7i3.14393

Abstract

Purpose: This study examines the influence of emotional intelligence and hedonistic lifestyle on financial management, with self-control as a mediating variable in these relationships.Method: This research employs a quantitative approach. Data were collected through online questionnaires distributed to students at the University of Muhammadiyah Surakarta who have experience managing personal finances. A purposive sampling technique was used, resulting in a sample of 151 respondents. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 3 software.Result: The findings show that emotional intelligence positively and significantly affects financial management, while hedonistic lifestyle has no significant impact. Additionally, self-control mediates the relationship between emotional intelligence and financial management, but does not mediate the effect of hedonistic lifestyle.Practical Implications for Economic Growth and Development: The results emphasize the importance of psychological capacity building in financial education. By enhancing students' emotional intelligence and self-control, educational institutions can encourage more responsible financial behaviors that contribute to economic stability, reduce overconsumption, and foster sustainable growth among younger generations.Originality/Value: This research introduces a new model that demonstrates how self-control serves as a critical link between emotional intelligence and lifestyle factors affecting students' financial management. The study offers a fresh approach by examining the interaction of two opposing forces through a common mediating factor. The proposed model provides both theoretical insights and practical strategies for developing financial education programs grounded in psychological principles.

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