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 261 Documents
Endogenous Growth and Environmental Kuznets Curve: Lessons from FDI Impact on Economic Growth in Sub-Saharan Africa Joseph Asante Darkwah; David Boohene; David Oyekunle; Faikai Dorley; Patrick Gbolonyo
Journal of Enterprise and Development (JED) Vol. 6 No. 3 (2024): 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.v6i3.9908

Abstract

Purpose: This study aims to determine the influence of Foreign Direct Investments (FDI) on economic growth in Sub-Saharan Africa (SSA). It examines the endogenous growth theory and the Environmental Kuznets Curve (EKC) theory, and how they relate to the regional data.Method: Using panel quantile autoregression models, this study explores the relationship between FDI inflows into SSA with energy consumption, carbon emissions, and economic growth. The study is based on data from 1975 to 2018.Result: The study findings conclusively demonstrate that foreign direct investment has a significant impact on the economic growth of the SSA region. Furthermore, the study reveals that energy consumption and carbon emissions in the SSA have consistently increased throughout the study period, with foreign direct investment being identified as the primary driver of this trend. These findings are consistent with the Environmental Kuznets Curve (EKC) hypothesis, as well as the endogenous growth theory, which suggests that FDI operations can have negative consequences on the host environment.Practical Implications for Economic Growth and Development: The study suggests that Sub-Saharan Africa should manage FDI carefully to balance economic growth with environmental sustainability by promoting green investments and creating an investment-friendly environment.
Enhancing financial stability in Islamic banks: An investigation of determinants during the COVID-19 in Indonesia Ardita Herniati Putri; Zulpawati Zulpawati; Imronjana Syapriatama; Riduan Mas'ud; Muhammad Muhajir Aminy; Mohamed Saleem Ahamed Riyad Rooly
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10054

Abstract

Purpose — This study investigates the determinants of Islamic banks' stability in Indonesia amidst the Covid-19 pandemic.Method — Employing a causality-associative quantitative approach, the research utilizes purposive sampling and secondary data collection from monthly financial reports on the official websites of OJK (Financial Services Authority) and BI (Bank Indonesia). Statistical techniques including normality test, multicollinearity test, t-test, f-test, R2 test, and multiple linear regression, aided by SPSS version 22 and Microsoft Excel, are employed for data analysis.Result — The results reveal that Islamic banks' total assets significantly positively influence their stability in Indonesia. Additionally, variables such as Operational Costs to Operational Income (OCOI) ratio and BI 7-Day Reverse Repo Rate (BI7DRR) exhibit significant negative effects on Islamic banks' stability. Practical implications — Understanding the influence of total assets, Operational Costs to Operational Income (OCOI) ratio, and the BI 7-Day Reverse Repo Rate (BI7DRR) on Islamic banks' stability in Indonesia during the Covid-19 pandemic can guide policymakers and bank management in implementing measures to strengthen resilience and mitigate risks, such as strategic asset management and cost optimization strategies.
ESG disclosure and company profitability: Does company size play a role? Risal Risal; Mustaruddin Mustaruddin; Nur Afifah
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10072

Abstract

Purpose — This study aims to examine the relationship between Environmental, Social, and Governance (ESG) disclosures and profitability, with firm size as a moderating variable.Method — This study employs a quantitative approach using Moderated Regression Analysis (MRA) techniques. The sample consists of 52 companies listed on the Indonesia Stock Exchange from 2017 to 2021.Result — We found that ESG disclosure has a significant negative effect on profitability, using ROA as a proxy. Additionally, company size moderates the relationship between ESG disclosure and ROA profitability.Practical implications — The study implies that disclosing corporate ESG activities incurs relatively high costs, which may reduce ROA in the short term. However, large companies are likely to have access to capital and resources that can help overcome ESG-related costs and ultimately increase ROA in the long term.
Navigating digital horizons: A systematic review of social media’s role in destination branding Deske Wenske Mandagi; Indrajit Indrajit; Toetik Wulyatiningsih
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10075

Abstract

Purpose — This study aims to acquire a comprehensive understanding of how social media platforms contribute to the process of destination branding by identifying major themes in the literature pertaining to social media's role in destination branding.Method — This study employs a Systematic Literature Review (SLR) methodology to conduct an in-depth analysis of academic journal articles pertaining to the role of Social Media Marketing (SMM) in destination branding. The review encompasses 55 final articles published and indexed in the Scopus database from 2014 to 2024. The Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) method is employed as the framework for this systematic review, ensuring the robustness of the review process.Result — Four prominent themes have been identified regarding the role of SMM in destination branding: 1) Enhancing Destination Brand Value Co-Creation, 2) Influencing Customer-Based Brand Equity, 3) Shaping Destination Brand Identity, and 4) Driving Destination Brand Engagement and Loyalty.Practical implications — Destination marketers should leverage social media strategically to enhance brand visibility, engagement, and loyalty, utilizing these platforms as virtual stages to showcase the destination's culture, heritage, and diversity.
The impact of INGOs and governmental assistance on women entrepreneurs’ financial performance Rahmatullah Pashtoon; Noorihsan Bin Mohamad; Zarinah Hamid
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10080

Abstract

Purpose — This study aims to explore and analyze the effects of International Non-Governmental Organizations (INGOs) and governmental assistance programs on the financial performance of women entrepreneurs. It assesses how different forms of support contribute to the economic empowerment and success of women-led businesses.Method — The study utilized an exploratory and descriptive research methodology, incorporating primary data. It surveyed 308 autonomous female entrepreneurs in Kandahar, Afghanistan using a cross-sectional questionnaire. The study employs purposive sampling and an OLS statistical model using IBM SPSS V.27.Result — The findings indicate that support programs from INGOs and government assistance positively and significantly influence the financial performance of women-run businesses in terms of profitability volume, average annual sales, return on investment, and inventory turnover.Practical implications — The research emphasizes the crucial role of International Non-Governmental Organizations (INGOs) and government aid programs in enhancing the economic success of female entrepreneurs. Policymakers, INGOs, and local government organizations should concentrate on creating specialized support programs that provide financial assistance, training, and resources customized for women-led companies in socio-economically disadvantaged regions. These findings promote extending support programs to additional areas, highlighting the importance of ongoing and customized help to ensure the endurance and development of women's entrepreneurship. This approach aids in economic empowerment and promotes broader socio-economic progress by assisting women entrepreneurs in overcoming specific obstacles and benefiting their communities.
Impact of macroeconomic variables and digital technology on economic growth in ASEAN-5 countries Fito Ardianto Putra; Firdha Aksari Anindyntha
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10142

Abstract

Purpose — This research aims to examine and analyze the impact of foreign direct investment (FDI), internet users, interest rates, and inflation on economic growth in the five founding ASEAN countries: Indonesia, Malaysia, Singapore, the Philippines, and Thailand.Method — This research employs a quantitative approach using panel regression analysis to identify and measure the impact of macroeconomic variables and digital technology on economic growth in the five founding countries of ASEAN. The data, spanning the period from 2005 to 2022, is sourced from the World Bank and other relevant international databases.Result — The research results indicate that foreign direct investment (FDI), internet users, and interest rates significantly influence economic growth in ASEAN countries. Conversely, inflation has a negative but insignificant effect on economic growth in the region. These findings underscore the importance of FDI, digital technology adoption, and effective interest rate management in driving economic growth. The insignificant impact of inflation suggests that it may not play a major role in the economic growth dynamics of the ASEAN-5.Practical implications — The research has practical implications for ASEAN stakeholders. Governments can attract FDI and promote digital infrastructure to foster economic growth. Investors can target sectors that benefit from FDI and digital technology. Central banks can adjust interest rates to stimulate growth while managing inflation. Businesses can prioritize digital transformation for development. Collaboration among ASEAN states can further enhance regional growth. Aligning strategies with these findings can boost ASEAN's prosperity and competitiveness.
Developing multicultural-based religious tourism in Jember Ummi Subaniyah; Lolita Meilinda; Milawaty Milawaty; Uystka Hikmatul Kamiliyah NH
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10246

Abstract

Purpose — The purpose of this research is to analyze the potential development of multicultural-based religious tourism in Jember Regency, along with the arrangement of tour packages aimed at all societal groups as the final product.Method — This research is a descriptive-qualitative study with data collection techniques in the form of field observations, documentation, and literature studies.Result — The results show that Jember Regency, especially in the area around the city center, has the potential to develop multicultural-based religious tourism through the existence of religious tourism destinations, including Muslim, Christian, and Confucian places of worship with unique and cross-cultural (multicultural) architectural designs. The J-Versity tour package, which includes activities to visit these tourist destinations, is the product offered for the development of multicultural-based religious tourism in Jember Regency.Novelty — This research provides a new perspective on the development of religious tourism in Jember Regency through the multicultural concept presented. It also offers a prototype for organizing and managing religious tourism activities in the city through the J-Versity tour package. This is expected to have an impact since it targets all societal groups across cultures and beliefs.
Evaluating service quality in Indonesian rural tourism: The RURALQUAL model approach Fety Nurlia Muzayanah; Rediawan Miharja; Agustifa Zea Tazliqoh
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10416

Abstract

Purpose — The purpose of this study is to evaluate service quality using the RURALQUAL model and examine its relationship with customer satisfaction and customer experience.Method — The research method employed in this study is quantitative research using Structural Equation Modeling, specifically Partial Least Squares (PLS-SEM). The variables investigated include service quality (X) as the independent variable, customer experience (Y) as the intervening variable, and customer satisfaction (Z) as the response variable. The population for this study consists of tourists visiting Wanayasa Rural Tourism in Purwakarta. The sampling method used to select participants is non-probability sampling, specifically the purposive sampling technique. A total of 344 Wanayasa tourists were included as samples in this study.Result — This study discovered that there is a notable impact on customer experience and customer satisfaction when it comes to service quality. Additionally, customer experience can act as a mediator between service quality and customer satisfaction.Novelty — This research applies RURALQUAL model approach to measure service quality in rural tourism in Wanayasa, Purwakarta, Indonesia.
Assessing the tourism potential of Plalangan Village for sustainable agro-edutourism development Muhammad Dzulkifli; Iqbal Erdiansyah; Milawaty Milawaty; Evio Tanti Nanita; Lely Dian Utami
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10571

Abstract

Purpose — The objective of this research is to assess the tourism potential of Plalangan Village for developing it as a tourism destination, specifically focusing on sustainable agro-edutourism.Method — This study utilized a qualitative approach with qualitative descriptive methods. Data collection involved the use of observation, focus group discussions (FGDs), and in-depth interviews with key figures. Additionally, literature studies conducted online and literature reviews were undertaken. Visual evidence in the form of documentation was employed to enhance the credibility of the research findings.Result — The research results indicate that Plalangan Village possesses tourism potential, with various attractions such as natural sites like Plalangan Hill and the Twin Dams, cultural sites like Can Macanan Kadduk, and man-made attractions like fish farming and the cracker industry. Additionally, the village has potential areas for a people's market and open green spaces. In light of this potential, a tourism map of Plalangan Village has been created, showcasing the various attractions, as well as the suggested flow of tourist visits, one-day tour packages, and a visualization of the appealing camping grounds on Plalangan Hill. These findings strongly suggest that Plalangan Village has the potential to be developed as a tourism village, with a sustainable agro-edutourism concept.Novelty — This study focused on specific regional agro-edutourism potentials and their development strategies, aiming to enhance local welfare and community prosperity through tailored approaches.
Examining the effects of financial performance, corporate governance, and corporate social responsibility on company value amid the COVID-19 pandemic Adelia Febriani; Muhammad Fahmi; Nina Febriana Dosinta
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): 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.v6i2.10635

Abstract

Purpose — The study aimed to examine the impact of financial performance, good corporate governance, and corporate social responsibility on the value of SRI Kehati index companies during the COVID-19 pandemic, specifically from 2020 to 2022.Method — This study employs a causal quantitative analysis approach to determine the cause-and-effect relationship between the independent and dependent variables. Data were collected from the annual reports and sustainability reports of companies listed on the IDX and included in the SRI Kehati index during the COVID-19 pandemic. The analysis technique used in this study is panel data regression analysis, encompassing multiple companies and years. After data collection, Eviews 12 is used to process the data.Result — The findings of this study indicate that profitability has a significant impact on the value of SRI Kehati index firms. However, leverage, institutional ownership, and corporate social responsibility do not have a significant effect on the value of these companies.Novelty — The originality of this study stems from its sample, which consists of companies included in the SRI Kehati index listed on the IDX. The conclusions of this study also contradict earlier research. Previous studies have found that leverage, institutional ownership, and corporate social responsibility significantly impact firm value. However, in this study, these three factors did not affect company value.