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
Nexus Between Tourism Sector and Regional Original Revenue: Empirical Evidence from West Nusa Tenggara, Indonesia I Nengah Agus Sukresna; Baiq Ismiwati
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.v6i3.11870

Abstract

Purpose: This study aims to determine the effect of the tourism sector on Regional Original Revenue (PAD) in West Nusa Tenggara Province (NTB) by examining factors such as the number of tourists, the number of tourist attractions, the number of hotels, room occupancy rates, and the number of restaurants.Method: This study employed a descriptive quantitative approach using panel data, processed with EViews 12. This study utilizes secondary data obtained from the Central Statistics Agency (BPS), the Tourism Office, and regional financial reports over an 11-year period.Result: The findings show that tourist numbers and attractions have a positive impact on PAD, while number of hotels, occupancy rates, and restaurant have an insignificant impact on regional revenue. These results suggest that enhancing tourism infrastructure and attracting more visitors are key to boosting local economic performance.Novelty: The novelty of this study lies in its focus on West Nusa Tenggara (NTB) as an emerging tourism destination. It analyzes the 2013–2023 period and includes the number of restaurants to assess the impact of culinary tourism, alongside region-specific factors such as hotels, attractions, and occupancy rates.
The Power of Belief: How Ethnocentrism, Religion, and Brand Importance Shape Boycott Behavior and Brand Perceptions in Indonesia Stella Kusmayadi
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.v6i3.11923

Abstract

Purpose: This study aims to understand the role of boycott intention in mediating the effects of consumer ethnocentrism, religious animosity, legitimacy, and brand importance on brand image, loyalty, and product judgment among Starbucks consumers in Indonesia.Method: This study was conducted using quantitative methods to test the proposed theoretical model. Online questionnaires were distributed to 406 respondents to measure several variables, including consumer ethnocentrism, religious animosity, legitimacy, brand importance, boycott intention, boycott behavior, brand image, loyalty, and product judgment. The data were collected cross-sectionally from Starbucks consumers in Indonesia. The data analysis method used was Partial Least Squares Structural Equation Modeling (PLS-SEM).Result: This study shows that the indirect relationships from consumer ethnocentrism, religious animosity, and legitimacy to boycott behavior, through boycott intention, have a negative effect. In contrast, the indirect relationship from brand importance to boycott behavior, through boycott intention, has a positive effect. Specifically, the higher the levels of consumer ethnocentrism, animosity, and legitimacy, the higher the boycott intention. This suggests that consumers in Indonesia who strongly identify with moral, cultural, and religious solidarity are more likely to have an intention to boycott.Practical Implications for Economic Growth and Development: This study provides insights for companies on how to develop transparent and responsive communication strategies to address issues that may trigger boycott intentions.
What Matters in Cross-Border E-Commerce? A Study of Customer Satisfaction Drivers Hellena Risvi; Nasar Buntu Laulita
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.v6i3.12001

Abstract

Purpose: This study aims to identify the variables influencing customer satisfaction in cross-border e-commerce. The variables considered include service quality, information availability, website performance, reliability, security, product variety, price value, delivery, customer service, and personalization.Method: The study employs a quantitative approach, using primary data obtained through a questionnaire survey. Classical assumption tests and multiple linear regression analyses were conducted using SPSS software to evaluate the hypothesized model. A total of 342 validated responses were analyzed, focusing on respondents with experience in cross-border e-commerce transactions.Result: The findings reveal that service quality, security, product variety, price value, and delivery have a significant and positive effect on customer satisfaction. Conversely, information availability, website performance, reliability, customer service, and personalization were found to have no significant impact.Practical Implications for Economic Growth and Development: This research offers valuable insights for cross-border e-commerce businesses to enhance the key drivers of customer satisfaction. Improving these factors can increase customer retention and loyalty, leading to higher repeat purchases and trust in the platforms, thereby boosting sales and revenue. By attracting a larger international customer base and expanding market share, businesses can achieve a competitive advantage in the global marketplace. This contributes to the promotion of international trade and fosters economic integration.
The Role of Online and Service Experiences in Enhancing Guest Satisfaction: A Case Study of Bali's Hospitality Industry Ida Ayu Bellivia Nareswari; Nurdin Sobari
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.v6i3.12134

Abstract

Purpose: This study aims to examine the relationships between online experience, service experience, and guest satisfaction in the context of five-star hotels in Bali, Indonesia, with a focus on domestic tourists.Method: A quantitative research approach was utilized, employing Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were gathered through an online questionnaire distributed to 245 respondents who had stayed at a five-star hotel in Bali within the past 10 months. The questionnaire assessed variables such as online experience, service experience, and guest satisfaction using Likert-scale indicators.Result: The analysis revealed that online experience has a significant influence on both service experience and guest satisfaction. Additionally, service experience was found to significantly affect guest satisfaction. These findings underscore the critical role of digital interactions and high-quality service in shaping customer perceptions and fostering loyalty.Practical Implications for Economic Growth and Development: This study offers valuable insights for hotel management on enhancing digital platforms and improving service quality to elevate customer satisfaction and loyalty. By prioritizing seamless online and offline experiences, hotels can gain a competitive edge in Bali’s highly competitive hospitality market while contributing to the growth of the local tourism economy. Furthermore, these findings provide recommendations for policymakers to support digital transformation strategies in the hospitality sector, promoting sustainable tourism growth in Indonesia.
The Moderating Role of CEO Characteristics in the Relationship between Financial Conditions and Corporate Debt Policy Heriyanto Heriyanto; Novita Febriany; Mischella Engel
Journal of Enterprise and Development (JED) Vol. 7 No. 2 (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.v7i2.14036

Abstract

Purpose: This study investigates the influence of firm financial characteristics—reflecting asymmetric information—on corporate debt policy, while also examining the moderating role of CEO characteristics within the framework of upper echelon theory.Method: The sample consists of 60 non-financial firms listed on the Indonesia Stock Exchange (IDX) during 2013–2022, selected through purposive sampling. Panel data regression analysis with moderating variables was employed to assess how CEO characteristics interact with internal financial indicators.Result: Results show that liquidity (current ratio) and profitability (return on equity) have a significant negative effect on companies’ debt-to-equity ratio, indicating that more liquid and profitable firms rely less on external debt. Tangible assets do not significantly influence debt-to-equity ratio. Among CEO characteristics, only tenure significantly moderates the relationship between profitability and debt-to-equity ratio, highlighting the strategic role of experienced CEOs in financing decisions.Practical Implications for Economic Growth and Development: The findings suggest that capital structure decisions are shaped jointly by internal financial conditions and leadership traits. Firms with stable financial profiles, guided by experienced CEOs, are more likely to establish optimal debt policies, enhancing resilience during economic shocks, safeguarding employment, and improving competitiveness—ultimately supporting broader economic growth.Originality/Value: This study contributes by integrating asymmetric information theory and upper echelon theory into a unified analytical model. By revealing how CEO characteristics moderate the impact of financial conditions on debt policy, it offers deeper insight into the complex dynamics of strategic financing decisions.
Accreditation Policy and Internal Quality Assurance: A Study of Private Islamic Religious Universities in Nusa Tenggara Winengan Winengan; Safwira Guna Putra
Journal of Enterprise and Development (JED) Vol. 7 No. 2 (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.v7i2.12674

Abstract

Purpose: This study aims to investigate the implementation of the Internal Quality Assurance System at Private Islamic Religious Universities in the Nusa Tenggara region, specifically focusing on institutions that have not yet attained the minimum required accreditation ratings. Additionally, it seeks to identify the key factors that impede the effectiveness of internal quality assurance initiatives.Method: This research employs a qualitative field study approach. Data were collected through interviews, observations, and document analysis involving participants from six selected institutions, including university leaders and managers of internal quality assurance units. Data analysis was conducted concurrently, utilizing an interactive model work system. The validity of the data was assessed through credibility tests, which were implemented by extending the research duration, enhancing observation persistence, and employing triangulation methods.Result: The implementation of the internal quality assurance system is currently inadequate and primarily motivated by accreditation requirements rather than by a commitment to continuous quality improvement. Most institutions are deficient in establishing comprehensive quality assurance frameworks, maintaining proper documentation, and fostering a robust quality culture, which can be attributed to limited resources, inadequate planning, and insufficient understanding among leadership. Consequently, many institutions struggle to meet accreditation standards. To enhance their effectiveness, these institutions must fortify their internal quality assurance systems through consistent planning, leadership commitment, and support from their coordinating bodies for private sector universities to ensure sustainable quality in higher education.Practical Implications for Economic Growth and Development: This study serves as a valuable reference for the development of a more effective quality management system in university governance, aligned with the National Standards of Higher Education and responsive to the evolving demands of society. By implementing sound governance practices, institutions can ensure the delivery of quality education, ultimately producing competent graduates who are well-equipped to meet the needs of the business and industrial sectors.
Internationalization of Born-Digital Firms: A Multi-Case Study of Indonesian Tech Unicorns Novinda Krisna Putri; Jenia Nur Soelistyoningrum; Eram Shakeel
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; Syifa Rahmah
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 Anditha Novriani; Suhula Divina Marom; Farah Margaretha Leon
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.