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. 8 no. 2 (2026)" : 16 Documents clear
Green Management Practices and Competitive Advantage among Small and Medium Enterprises in The Gambia: A Qualitative Study Lamin Saidyjeng; Issa G. Ahmed; Abubakar Muhammad Jibril
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.14992

Abstract

Purpose: This paper aims to examine the green management practices adopted by small and medium enterprises (SMEs) in The Gambia and to analyze how these practices contribute to competitive advantage within a resource-constrained economic context.Method: The study employs a qualitative documentary approach based on the analysis of secondary data drawn from government policies, reports issued by international agencies, and SME-related publications produced between 2018 and 2025. The data were analyzed using thematic analysis, guided by the Resource-Based View and Institutional Theory.Result: The findings reveal several common, although largely informal, green management practices among SMEs, primarily focused on energy conservation, basic waste management, and resource protection. These practices are predominantly cost-driven and reactive in nature. Nevertheless, they generate competitive advantages by lowering operational costs, strengthening organizational legitimacy, and enhancing business resilience. Their wider adoption, however, is constrained by limited financial capacity, weak regulatory enforcement, and insufficient strategic managerial awareness.Practical Implications for Economic Growth and Development: The findings indicate that integrating sustainability into SME capacity-building programs is essential for strengthening long-term competitiveness and promoting employment generation. Policymakers and development partners should therefore reposition green practices as strategic investments in resilience by supporting them through financial incentives, practical implementation tools, and targeted training initiatives.Originality/Value: This study provides one of the earliest firm-level qualitative examinations of the strategic adoption of green management practices by SMEs in The Gambia. In doing so, it addresses an important gap in the sustainability literature concerning small African economies.
Strengthening the Halal Industry Ecosystem through Halal Certification, Product Literacy, Awareness, and Promotion: Moderating Role of Islamic Financing Rizky Nur Ayuningtyas Putri; Zakky Fahma Auliya; Agung Novianto Margarena; Rowiyah Asengbaramae
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15327

Abstract

Purpose: This study examines the influence of halal certification, halal product literacy, halal awareness, and promotional efforts on the development of the halal industry ecosystem, with Islamic financing as a moderating variable. It adopts Ecosystem Innovation Theory to explain collaboration among government, producers, and Islamic financial institutions.Method: This explanatory quantitative study involved 400 halal-certified MSME actors in the Soloraya region, selected through purposive sampling. Data were collected using a Likert-scale questionnaire and analyzed with SEM-PLS to examine direct and moderating effects.Result: The findings indicate that halal certification, halal product literacy, and promotional efforts have positive and significant effects on the halal industry ecosystem. Halal awareness does not show a significant direct effect. Islamic financing significantly moderates the relationship between halal awareness and the halal industry ecosystem, but it does not moderate the relationships involving halal certification, halal product literacy, or promotional efforts.Practical Implications for Economic Growth and Development: The study emphasizes the need for integrated collaboration among MSMEs, government, and Islamic financial institutions. MSMEs should strengthen certification compliance, halal education, and digital promotion. The government should provide regulatory support, certification subsidies, and halal literacy infrastructure. Islamic financial institutions should design financing products that align with halal-certified MSME needs.Originality/Value: This study extends Ecosystem Innovation Theory in halal industry research by positioning Islamic financing as a moderator. It offers a new perspective on how Islamic financing strengthens the link between halal awareness and halal ecosystem development.
Mediating Role of Tourist Trust in the Relationship between Digital Marketing, Destination Image, and Tourists’ Visit Decisions Agnes Febriyani; Aang Curatman
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15345

Abstract

Purpose: This study examines the influence of digital marketing and destination image on tourists’ visit decisions, with tourist trust positioned as a mediating variable in tourism destinations.Method: This study adopted a quantitative research design using a survey method. Data were collected through questionnaires distributed to 204 tourists who had visited tourism destinations in Cirebon Regency, Indonesia. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS).Result: The findings reveal that digital marketing and destination image have positive and significant effects on tourists’ visit decisions. Digital marketing and destination image also significantly influence tourist trust. Furthermore, tourist trust partially mediates the relationships between digital marketing, destination image, and tourists’ visit decisions.Practical Implications for Economic Growth and Development: The findings suggest that strengthening digital marketing strategies and improving destination image can enhance tourist trust and encourage visit decisions, thereby contributing to tourism sector growth. These efforts may support regional economic development by increasing tourist arrivals, local revenue, and tourism-related economic activities.Originality/Value: This study integrates digital marketing and destination image into a mediation framework by incorporating tourist trust as an explanatory mechanism for tourists’ visit decisions. In addition, this study enriches the literature on digital tourism marketing, particularly in emerging regional tourism destinations.
Dynamic Linkages between Remittances, Domestic Expenditure, Exports, and Economic Growth in ASEAN Economies Abduh Afif; Tajul Ula; Chahayu Astina
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15277

Abstract

Purpose: This study examines the dynamic relationship between remittances, gross national expenditure, exports, and economic growth in selected ASEAN countries. It specifically investigates how these variables interact in the short and long run and their contribution to regional economic performance.Method: A quantitative explanatory approach was employed using panel data from five ASEAN countries over the period 1999–2024, comprising 130 observations. Data were obtained from the World Development Indicators (WDI) database published by the World Bank. The analysis applied the Pooled Mean Group–Autoregressive Distributed Lag (PMG–ARDL) model to estimate both short-run and long-run relationships while accounting for cross-country heterogeneity.Result: The findings reveal that remittances, gross national expenditure, and exports significantly promote economic growth in the long run. Remittances contribute by increasing household income and supporting consumption, while gross national expenditure strengthens domestic demand. Exports enhance growth through external market expansion and improved trade performance. However, the short-run effects are relatively limited, suggesting the presence of structural constraints and varying adjustment capacities across ASEAN economies.Practical Implications for Economic Growth and Development: The results highlight the need for balanced growth strategies that integrate remittance management, domestic demand expansion, and export diversification. Strengthening institutional quality, financial inclusion, and fiscal discipline is essential to maximize the developmental impact of these growth drivers.Originality/Value: This study offers updated empirical evidence on the determinants of long-run economic growth in ASEAN using a PMG–ARDL framework, providing insights into both regional integration and country-specific economic dynamics.
The Effects of Inward Investment, Education, Internet Access, and ICT Index on Unemployment in Indonesia Muhammad Rizky Karunia Putra; Muhammad Arif
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15356

Abstract

Purpose: This study examines the effects of inward investment, education level, internet access, and the Information and Communication Technology (ICT) Index on the unemployment rate in Indonesia.Method: This study applies a quantitative approach using panel data regression across 34 Indonesian provinces from 2019 to 2023, yielding 170 observations. The data were obtained from Statistics Indonesia (BPS) and the Ministry of Communication and Digital Affairs (Komdigi). Model selection was conducted using the Chow and Hausman tests, which confirmed the Fixed Effects Model as the most appropriate estimation method.Result: The findings show that inward investment and internet access negatively affect unemployment. This indicates that higher inward investment and broader internet access are associated with lower unemployment rates. Conversely, education level and the ICT Index positively affect unemployment, suggesting that improvements in education and ICT development have not yet been fully matched by labor market absorption across provinces.Practical Implications for Economic Growth and Development: The study highlights the need to improve the quality of investment by directing it toward job creation. It also emphasizes the importance of strengthening vocational education, aligning educational outcomes with labor market demand, and improving workforce digital skills to support inclusive and sustainable economic development.Originality/Value: This study integrates inward investment, education, internet access, and the ICT Index into a single analytical framework. Using provincial-level panel data, it offers a comprehensive perspective on unemployment dynamics, digital transformation, and regional labor market disparities in Indonesia.
Financial Socialization, Perceptions of Financial Technology, and Entrepreneurial Intention among Generation Z Students: Mediating Role of Financial Inclusion Sesri Sellina; Abdul Latif; Akfika Rizky Sabilla; Erna Apriani; Lyra Aprilia Putri
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15350

Abstract

Purpose: This study examines the effects of financial socialization and perceptions of financial technology on entrepreneurial intention among Generation Z university students. It also investigates whether financial inclusion mediates these relationships.Method: This study employed predictive quantitative approach using questionnaire survey and purposive sampling. The final sample comprised 200 Generation Z university students in Bekasi Regency. Data was analyzed using partial least squares structural equation modeling (PLS-SEM).Result: This research found that financial socialization has a significant direct effect on entrepreneurial intention. Financial socialization and perceptions of financial technology also significantly affect financial inclusion. However, perceptions of financial technology and financial inclusion do not significantly affect entrepreneurial intention. Furthermore, financial inclusion does not mediate the relationships between financial socialization, perceptions of financial technology, and entrepreneurial intention.Practical Implications for Economic Growth and Development: This study highlights the importance of strengthening financial socialization to foster entrepreneurial intention among Generation Z. Universities, local governments, and financial institutions should provide practical financial education programs that support entrepreneurial decision-making and expand access to financial services.Originality/Value: This study tests financial inclusion as a mediator between financial socialization, perceptions of financial technology, and entrepreneurial intention among Generation Z university students.
Integrating Financial Market Indicators and Macroeconomic Fundamentals in Explaining Exchange Rate Dynamics: Evidence from ASEAN Countries Daniel Lutfi Izza Zudien; Muhammad Arif
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15357

Abstract

Purpose: This study aims to examine the effects of stock indices, trade balance, and economic growth on exchange rates in ASEAN countries.Method: This study adopts a quantitative approach using panel data from ten ASEAN member countries during the 2013–2022 period. The data were obtained from official publications of the World Bank and Investing.com. Panel data regression was employed as the analytical method. Based on the results of the Chow and Hausman tests, the Fixed Effects Model (FEM) was selected as the most appropriate model for estimating the relationships among the variables.Result: The results found that stock indices and trade balance have a positive effect on exchange rates. Meanwhile, economic growth has a negative effect on exchange rates in ASEAN countries.Practical Implications for Economic Growth and Development: The findings highlight the importance of maintaining financial market stability, improving international trade performance, and promoting sustainable economic growth to support exchange rate stability. These factors are essential for strengthening regional economic resilience in ASEAN.Originality/Value: This study incorporates financial market indicators and macroeconomic fundamentals within a cross-country panel data framework. By focusing on ASEAN countries during the 2013–2022 period, this study provides a more comprehensive understanding of the determinants of exchange rates in developing economies.
Stock Price Determinants in Indonesia’s Energy Sector during the Russia–Ukraine Geopolitical Conflict Tegar Bagus Anom Kusuma; Naelati Tubastuvi; Wida Purwidianti; Hermin Endratno
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15432

Abstract

Purpose: This study examines the effects of Return on Assets (ROA), Debt-to-Equity Ratio (DER), Earnings Per Share (EPS), inflation, interest rates, and exchange rates on the stock prices of energy sector companies listed on the Indonesia Stock Exchange during the 2021–2024 Russia–Ukraine conflict period.Method: This study employs a quantitative approach using secondary data obtained from companies’ financial statements. The sample was selected through purposive sampling, resulting in 29 companies and 116 observations. Data were analyzed using a Fixed Effects model with Driscoll–Kraay standard error correction, processed with StataMP 17.Result: The findings indicate that ROA, DER, and exchange rates have a significant positive effect on stock prices. Meanwhile, EPS, inflation, and interest rates do not show significant effects. The Adjusted R² value of 13.84% suggests that the independent variables explain part of the variation in energy sector stock prices.Practical Implications for Economic Growth and Development: These findings provide practical insights for investors and corporate management in understanding internal and external factors that influence stock value. Such understanding may support more efficient investment decisions and strengthen stability in the energy sector, which plays an important role in national economic development.Originality/Value: This study contributes empirical evidence on the Indonesian energy sector during the Russia–Ukraine conflict period.
Financial Determinants and Firm Value Dynamics in JII70 Firms: Earnings Quality Mediation and Investment Opportunity Set Moderation Ahsan Muhammad; Wiku Suryomurti
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15440

Abstract

Purpose: This study examines the effects of dividend policy, profitability, and liquidity on firm value, using Tobin’s Q as the primary proxy and price-to-book value (PBV) as a robustness check. It further investigates the mediating role of earnings quality and the moderating role of the investment opportunity set (IOS) in both the short run and long run.Method: The population comprises 160 firms listed on the JII70 index during 2018–2024. Through purposive sampling, 16 firms met the selection criteria, producing 112 firm-year observations. The data were analyzed using panel data regression, a Moderated Mediation Model (MMM), and a Partial Adjustment Model (PAM) with STATA 16.Result: The findings show that IOS is the most consistent determinant of firm value across both time horizons. Profitability significantly increases firm value in the long run, while liquidity has a negative interaction with earnings quality when growth opportunities are high. Earnings quality does not significantly mediate the relationship, suggesting that JII70 firm value is driven more directly by growth signals and firm performance than by accounting quality.Practical Implications for Economic Growth and Development: This study implies that managers of Sharia-compliant firms should prioritize investment opportunities and long-term profitability to enhance firm value. Strong growth prospects may provide positive market signals and support sustainable value creation.Originality/Value: This study integrates a Moderated Mediation Model within a dynamic Partial Adjustment Model framework to examine how investment opportunities shape financial determinants of firm value in the Sharia-compliant context.
Can Institutional Trust Strengthen Gold Investment Intention? Evidence from the Interplay of FoMO, Financial Literacy, and Long-Term Investment Motivation Siti Aminatus Zuhro; Noor Shodiq Askandar; Harun Alrasyid
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026): May - August
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.v8i2.15467

Abstract

Purpose: This study aims to analyze the influence of Fear of Missing Out (FoMO), financial literacy, and long-term investment motivation on gold investment intention, and to examine the moderating role of institutional trust.Method: This study employed a quantitative causal explanatory design targeting individuals interested in gold investment. Respondents were selected based on specific criteria: being at least 17 years old, having prior knowledge of gold investment, and showing interest in using gold investment products. Data were collected through structured questionnaires from 216 eligible respondents and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to examine the direct and moderating effects among variables.Result: The findings indicate that FoMO, financial literacy, and long-term investment motivation positively and significantly affect gold investment intention. Moreover, institutional trust strengthens the relationships between FoMO, financial literacy, and long-term investment motivation and gold investment intention.Practical Implications for Economic Growth and Development: The results suggest that improving financial literacy, strengthening public trust in Islamic financial institutions, and enhancing the usability and transparency of digital gold investment platforms may encourage stronger public intention to invest in gold. These findings provide practical guidance for Islamic financial institutions and platform providers in designing more accessible, credible, and user-oriented investment services.Originality/Value: This study adds trust to Islamic financial institutions (institutional trust) as the moderator in the context of gold investment intention.

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