cover
Contact Name
Dr. Muh. Salahuddin
Contact Email
muhsalahuddin@uinmataram.ac.id
Phone
+6287765688800
Journal Mail Official
jed@uinmataram.ac.id
Editorial Address
Jl. Pendidikan No. 35 Mataram Gedung Fakultas Ekonomi dan Bisnis Islam UIN Mataram
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,
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.
Articles 442 Documents
What factors affecting firm value during IPOs? A study at the Indonesia Stock Exchange Latif, Abdul; Permana, Indra; Hidayah, Zulfa Zakiatul
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
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.v5i3.7519

Abstract

Purpose — The objective of this study is to examine the factors that impact the value of a company over both the short and long term. These factors include variables such as the company's size, the reputation of the underwriter and auditor, the industry sector in which it operates, and the number of shares outstanding during the initial public offering (IPO).Method — In this study, a quantitative causality approach with analytical properties is employed as the method of analysis. The population under investigation consists of companies that conducted initial public offerings (IPOs) between the years 2020 and 2022. A sample size of 113 companies is selected using a specific sampling approach for research purposes. To analyze the data, a binary logistic regression model is applied, along with the use of statistical tools.Result — The conducted research has yielded several findings. Firstly, it indicates that the variable of company size does not have a significant impact. Secondly, the variable of underwriter reputation also does not have a significant effect. Thirdly, the variable of auditor reputation does not significantly influence firm value. Fourthly, the stock variable does not significantly affect firm value. Lastly, the research highlights that the industry sector variable has a significant impact on firm value.Contribution — The research is expected to contribute to the academic field and benefit capital market players by addressing the factors that should be considered when making investment decisions in the capital market.
Do customer knowledge and customer trust in IDIC affect bank customer retention? Evidence from Indonesia Sembiring, Muhammad Simba; Sembiring, Sisi Maghfirah Rahmah
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
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.v5i3.7557

Abstract

Purpose — The primary focus of this research was to examine the impact of customer knowledge and customer trust in Indonesia Deposit Insurance Corporation (IDIC) on the retention of bank customers in Indonesia.Method — The study employed a cross-sectional design and quantitative survey study. Questionnaires were distributed randomly to respondents via social media. 141 respondents from bank customers in Indonesia have been analyzed. Hypothesis testing is done by multiple linear regression analysis with structural equation modeling and SmartPLS as a statistical tool.Result — The results show that the average bank customer in Indonesia has sufficient knowledge about the role, function, task, and performance of IDIC. However, knowledge needs to be improved because some customers do not understand it well. The results provide empirical evidence that customer knowledge and customer trust in IDIC have positive influence on bank customer retention.Contribution — There is a new concept with the integration of two theories that will benefit future research. The findings contribute to addressing research gaps that have inconsistent results. The findings also contribute to improving customer knowledge and customer trust as a solution to the impact of the COVID-19 pandemic and the global financial crisis. This study supports the G20 in strengthening financial safety nets, where multilateral development banks are encouraged to strengthen their financing systems to face global economic challenges.
Optimization of micro and macro economic empowerment within the framework of Islamic economics: An integrative study Ghozali, Mohamad; Athoillah, Mohamad Anton
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — This research aims to analyze micro and macro-economic empowerment within the Islamic economic framework, specifically in Indonesia. The study discusses the fundamental principles of economic empowerment in Islam and highlights the role of both micro and macro aspects in establishing a resilient and sustainable economic structure.Method — This study conducts a literature review to gather, analyze, and synthesize relevant literature sources on the research topic. Various sources such as journal articles, books, reports, theses, and policy documents are searched using academic databases like Google Scholar, Springer, Science Direct, and Scopus. The review involves critically assessing research methodology, findings, and conclusions, and identifying major themes in the literature.Result — This research identifies key barriers such as limited understanding and awareness, underdeveloped infrastructure, and a lack of diverse and innovative financial products. The proposed solutions and strategies include improving Islamic economic education and literacy, developing a broader array of innovative financial products, enhancing infrastructure, and establishing supportive policies and regulations. This study asserts that an economic empowerment strategy in line with Islamic principles can significantly contribute to Indonesia's economic development and foster financial inclusion as well as socio-economic justice.Contribution — This research offers fresh insights into micro and macro-economic empowerment within the Islamic economic framework, with a specific focus on the Indonesian context. The study explicitly integrates micro and macro aspects, which has been rare in previous research, and reveals how these two facets interact and contribute to sustainable economic development.
Nexus between halal certificate, competitive advantage, and entrepreneurial orientation of SMEs in Food and Beverage industry Apriliyanto, Nanang; Hidayati, Nanik
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
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.v5iSpecial-Issue-1.7635

Abstract

Purpose — This research aimed to support Small and Medium Enterprises (SMEs) by investigating the correlation between obtaining halal certification, adopting an entrepreneurial orientation, and gaining a competitive advantage in their respective industries.Method — This study is categorized as quantitative research involving a sample size of 105 respondents who are Small and Medium Enterprises (SMEs) owners in the food and beverages sector in Kendal Regency. The primary data used in this research was collected directly by the researchers from the respondents, focusing on aspects such as halal certification, entrepreneurial orientation, and competitive advantage. Structural Equation Modelling (SEM) is employed as the analytical technique in this study.Result — The findings of this research indicate a positive and significant influence of the relationship between halal certification and entrepreneurial orientation on competitive advantage. Additionally, the study reveals a positive and significant impact of halal certification on entrepreneurial orientation. Furthermore, the direct mediating relationship between entrepreneurial orientation and halal certification, as well as competitive advantage, also demonstrates a positive and significant effect.Contribution — This study makes a significant academic contribution by investigating the relationship between halal certification, entrepreneurial orientation, and competitive advantage in the context of Small and Medium Enterprises (SMEs). By filling a knowledge gap in the literature, it enhances our understanding of how these variables are interconnected and their impact on SMEs' competitiveness.
Exploring Hisbah as a supervisory mechanism for promoting Sharia compliance in modern business contexts Mutmainnah, Dewi
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — The primary goal of this study is to investigate how the supervisory role of Hisbah in Islam can effectively enhance the adherence of modern business individuals to Sharia principles.Method — This qualitative research utilizes a descriptive-analytical approach to examine the role of Hisbah in enhancing Sharia compliance among modern business practitioners. The data, obtained from various books and journals, is collected, processed, and analyzed to derive conclusions regarding the effectiveness of Hisbah in promoting adherence to Sharia principles in contemporary business settings.Result — By implementing internal Hisbah through the utilization of muraqabah and muhasabah tools, a culture of Sharia compliance can be established. Simultaneously, external Hisbah parties, such as authoritative institutions or government entities, can play a crucial role in strengthening control and supervision. This combined effort ensures that the enforcement of Sharia principles remains objective, independent, and practical. The establishment of a robust and synergistic supervisory mechanism between internal and external Hisbah, involving government authoritative institutions, can substantially contribute to achieving Sharia compliance among modern business practitioners.Contribution — This research makes a valuable contribution to the academic realm by enriching our understanding of the concept of Hisbah and its implications for Sharia compliance. It serves as an initial stimulus for future research endeavors, particularly focusing on the effectiveness of external Hisbah institutions in fulfilling their supervisory roles within modern business contexts. This research paves the way for further exploration and investigation into the topic, fostering a deeper understanding of how external Hisbah entities can effectively contribute to promoting Sharia compliance in contemporary business practices.
Anthropocene monument as an ecotourism destination in the Special Region of Yogyakarta, Indonesia Wicaksono, Ajie; Ihalauw, John JOI; Damiasih, Damiasih
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — This study aims to analyze the procurement and processing of plastic waste from the Piyungan Integrated Waste Disposal Site (TPST) for the construction of Monument of Anthropocene (MoA) as a means of promoting ecotourism, while also examining the obstacles encountered during the monument-building process.Method — This research utilizes qualitative descriptive methods, which involve describing a phenomenon occurring within the community. The study was conducted at the Anthropocene Monument, employing data collection techniques such as observation, documentation, and interviews, with an interview conducted with the curator of the Anthropocene monument. The acquired data is analyzed using the Miles and Huberman analysis, encompassing data reduction, data presentation, and drawing conclusions.Result — The building process of MoA involves the use of bricks made from plastic waste. In addition to its function as a building, MoA serves as a multifaceted hub that fosters learning, exploration, information sharing, knowledge exchange, and collaborative efforts in production and work. MoA represents a form of ecotourism that showcases a strong sense of responsibility towards the environment and local culture by transforming plastic waste into valuable resources, both as raw materials in the form of bricks and as works of art. As an ecotourism site, MoA also offers three programs, namely art, culture, and circular economy.Contribution — This research makes a valuable contribution to the existing literature on ecotourism as an innovative approach to plastic waste management in less explored tourist areas in Indonesia. Moreover, the study specifically introduces MoA as a new and unique tourist destination.
Exploring the connection between women's dual roles, consumption patterns, and family economic welfare Ningsih, Anggi Aditiya; Rokan, Mustapa Khamal; Tambunan, Khairina
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — The objective of this study is to examine the impact of women's dual roles on the economic welfare of their families, as well as the extent to which consumption patterns can moderate this effect. Method — This study utilized a quantitative research approach. The target population consisted of housewives residing in Sei Sijenggi Village. A purposive sampling technique was employed to select 110 participants. Data collection involved administering a questionnaire specifically designed for housewives in Sei Sijenggi Village. The collected data were subsequently analyzed using the Moderated Regression Analysis (MRA) test.Result — The findings indicated a substantial impact of women's dual roles on the economic welfare of their families. Additionally, the study revealed that consumption patterns significantly influence family economic welfare. Furthermore, consumption patterns were found to play a significant moderating role in the relationship between women's dual roles and family economic welfare.Contribution — This research aims to contribute academically by uncovering the precise influence of housewives' dual roles as a benchmark for family economic welfare, emphasizing the significance of housewives' consumption patterns in effectively managing expenditure to attain economic well-being within the family.
The impact of job security on entrepreneurial activities: The case of Sultanate of Oman Al-Maharbi, Kahlan Ali Said; Ahmed, Essia Ries
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
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.v5i3.7817

Abstract

Purpose — The main goal of this study is to determine the relationship between job security and entrepreneurial activities.Method — This study used the quantitative method and secondary data in this investigation. The questionnaire was collected from 96 entrepreneurs for the sample size, where the collected data is from the Global Entrepreneurship Monitor (GEM) project database in Oman. The Smart-PLS technique’s simple regression method was employed to analyze data.Result — The empirical result found that there is a significant link between job security and entrepreneurial activity. In addition, job security makes the entrepreneur develop long-term strategic plans. In general, the government orientations in Oman 2040 vision support entrepreneurship and support openness, while Oman 2040 vision wants to reduce the contribution of oil revenues and raise the contribution of non-oil revenues.Contribution — This research contributes to the existing literature by improving the understanding of the significance of job security in improving entrepreneurial activity practices for entrepreneurs' projects. Furthermore, the finding provides empirical evidence of the ability of job security to be a valuable instrument for sustainable entrepreneurial activity.
What are the determinants of underpricing in Initial Public Offerings? Evidence from Indonesia Heriyanto, Heriyanto; Chen, Ming; Lyani, Erni
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Purpose — This study aims to investigate the impact of different variables, including firm size, underwriter reputation, firm age (representing asymmetric information), board ownership, institutional ownership (representing ownership structure), industry sector (financial or non-financial), and ownership status (state-owned or non-state-owned enterprises) on the initial return, which serves as a measure of underpricing level.Method — We focus on companies that underwent initial public offerings (IPOs) between 2010 and 2019. For our study, we selected a sample of 261 firms using the purposive sampling technique. To analyze the data, we employed a multiple linear regression model and utilized SPSS as a testing tool.Result — Based on our research findings, we have identified that firm size, underwriter reputation, and institutional ownership significantly affect the level of underpricing. However, we found no evidence to suggest that factors such as company age, board ownership, industry sector, or ownership status have any impact on the underpricing level. Our results support the notion that asymmetric information plays a crucial role in explaining the observed underpricing phenomenon in IPOs, while industry type and ownership structure do not contribute to its explanation.Contribution — This study makes a valuable contribution to the existing research on IPO underpricing in Indonesia. It stands out by employing a comparatively long research period and incorporating not only variables that address asymmetric information but also variables pertaining to governance mechanisms, specifically board ownership and institutional ownership.
Investigating the dynamics between change readiness, digital business strategies, and digital innovation in the banking sector Fahriza, Rizki; Games, Donard; Lukito, Hendra
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Purpose — The objective of this research is to investigate the relationship between change readiness and digital innovation within the banking industry. Furthermore, the study aims to examine how this relationship is influenced and moderated by the alignment of digital business strategies.Method — This research employed quantitative methods and utilized a saturated sampling technique to gather data. The sample consisted of 95 respondents and was conducted at all branch offices of PT. Nagari Bank Sumatera Barat. To ensure the validity of the data, convergent validity and discriminant validity tests were performed using the SmartPLS 4.0 program. Hypothesis testing was carried out by conducting t-statistical assessments for each variable in order to address the research hypotheses.Result — We found that there is a positive and significant influence between valence changes and digital innovation. Similarly, we observed a positive and significant impact between contextual factors and digital innovation according to our test results. Additionally, our study revealed a positive and significant association between changes in efficacy and digital innovation. However, our hypothesis which posits that the alignment of digital business strategy (including valence changes, efficacy changes, and contextual factors) moderates the relationship between change readiness and digital innovation was not supported. This suggests that the alignment between business strategy and digital strategy does not strengthen or weaken change readiness for digital innovation.Contribution — This study adds to the body of knowledge by providing new insights into the relationship between change readiness and digital innovation within the banking industry.

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