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
Social Media Marketing, Brand Image, e-WOM, and Service Quality as Drivers of Trust in International Personal Shopper Services Erilia Kesumahati; Glenis Doren Lim; Wisnu Yuwono
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.v7i3.14153

Abstract

Purpose: This study examines the influence of social media marketing, electronic word of mouth (e-WOM), service quality, and brand image on trust in international personal shopper services, commonly referred to in Indonesia as jastip (jasa titip).Method: This research employs a quantitative approach utilizing Partial Least Squares Structural Equation Modelling (PLS-SEM). The study collects data from 250 users of Jastip services through social media platforms such as Instagram, Shopee, and TikTok.Result: The findings reveal that all independent variables—social media marketing, e-WOM, service quality, and brand image—significantly affect consumer trust. Among these variables, e-WOM and brand image demonstrate the strongest influence. Additionally, social media marketing positively impacts brand image, service quality, and e-WOM.Practical Implications for Economic Growth and Development: This study highlights the crucial role of digital platforms in fostering trust and consumer engagement in international shopping services. By strengthening social media strategies, Jastip providers can enhance customer loyalty, thereby indirectly supporting cross-border commerce and contributing to the growth of the digital economy.Originality/Value: This study integrates four key variables into a comprehensive model to elucidate trust in personal shopper services. While previous studies often examine these variables in isolation, this research provides a holistic perspective on how digital marketing efforts and consumer perceptions collectively shape trust in consumer-to-consumer (C2C) business models.
Macroeconomic Drivers of GDP per Capita Growth in Five Middle-Income ASEAN Countries Nur Haniifa Choirunnisa; Reikha Habibah Yusfi
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.v7i3.14155

Abstract

Purpose: This study aims to analyze the influence of Gross Fixed Capital Formation, exports of goods and services, remittances, and inflation on Gross Domestic Product per capita in five middle-income ASEAN countries: Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.Method: A quantitative approach is employed utilizing panel data regression analysis. The Fixed Effects Model (FEM) is applied, selected based on the outcomes of the Chow and Hausman tests. Secondary data are sourced from the World Bank, encompassing the period from 2000 to 2023, yielding a total of 120 observations (5 countries over 24 years).Result: The empirical findings indicate that Gross Fixed Capital Formation, exports of goods and services, and remittances each have a positive and statistically significant effect on GDP per capita. Conversely, inflation exhibits a significantly negative impact. These results underscore that investments, export activities, and remittance inflows contribute to economic growth, whereas inflation diminishes purchasing power and may impede progress beyond the middle-income trap.Practical Implications for Economic Growth and Development: Governments in middle-income ASEAN countries should prioritize physical investment, enhance export markets, direct remittances toward human capital development, and implement effective monetary policies to regulate inflation and foster sustainable growth.Originality/Value: This study provides a novel contribution by integrating four key macroeconomic variables into a cohesive cross-country panel framework focused on ASEAN. It offers updated empirical evidence to enhance the understanding of the dynamics of GDP per capita and its correlation with the risks associated with the middle-income trap in the region.
Enhancing Innovation through Absorptive Capacity: The Moderating Role of Intellectual Capital Maya Andriani; Bima Cinintya Pratama; Ani Kusbandiyah; Hardiyanto Wibowo
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.v7i3.14157

Abstract

Purpose: This study aims to investigate the impact of absorptive capacity on innovation within non-cyclical manufacturing companies in Indonesia and to examine the moderating role of intellectual capital.Method: The study employed a quantitative descriptive methodology, analyzing 176 data points derived from the annual financial statements of 38 non-cyclical manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. The sample was selected through purposive sampling based on specific criteria pertinent to the research objectives. Regression analysis was conducted using Stata, applying main and moderation models under fixed effects (as determined by the Hausman test), while passing diagnostic tests for heteroscedasticity and serial correlation to ensure validity and reliability.Result: The findings indicate that absorptive capacity significantly enhances innovation. Human capital and structural capital exert a positive and significant influence on innovation, whereas physical capital does not demonstrate a statistically significant direct effect. Nevertheless, the interaction of absorptive capacity with both structural capital and physical capital significantly bolsters innovation. Conversely, the interaction between absorptive capacity and human capital presents a negative moderating effect.Practical Implications for Economic Growth and Development: This study confirms that enhancing absorptive capacity, supported by intellectual capital, can improve innovation in non-cyclical manufacturing companies, ultimately strengthening industrial productivity and contributing to national economic growth.Originality/Value: This study provides an original contribution by empirically examining the moderating role of intellectual capital in the relationship between absorptive capacity and innovation, framed within the Resource-Based View theory.
Drivers of Brand Loyalty in Food Delivery Applications: Evidence from India Preeti Peter Ekka; Nutan Kumari
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.v7i3.14187

Abstract

Purpose: The advent of food delivery applications (FDAs) has markedly altered urban food consumption patterns, particularly within the Indian context. This study aims to investigate the primary factors that influence brand loyalty towards FDAs.Method: This research employs a quantitative methodology utilizing a cross-sectional survey design. Data were obtained from 400 urban consumers in the Raipur district of Chhattisgarh through meticulously constructed questionnaires, employing a 7-point Likert Scale. A purposive sampling technique was utilized, specifically targeting individuals who actively engage with FDAs. Structural Equation Modelling (SEM) was utilized for data analysis, employing Jamovi 2.6 software.Result: The findings indicated significant positive correlations among the examined variables. Customer Services and Ratings & Reviews demonstrated the most pronounced impact on Brand Loyalty, followed by Restaurant Selection and Delivery Time.Practical Implication for Economic Growth and Development: The results provide critical insights for marketers and application developers, enabling them to prioritize enhancements in customer service quality and effectively utilize ratings and reviews to augment user satisfaction and bolster customer retention on food delivery platforms.Originality/Value: This study represents one of the few empirical examinations focusing on urban consumers in the Raipur district of Chhattisgarh, contributing region-specific insights into the dynamics of consumer behavior and brand loyalty within the rapidly evolving Indian FDA market.
Personality Traits and Education Level in Enhancing Financial Knowledge and Behavior of Gen Z and Millennial Women Erna Apriani; Abdul Latif; Aprilianti Aprilianti
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.v7i3.14224

Abstract

Purpose: This study aims to analyze the impact of personality traits and education level on financial knowledge and financial management behavior among Gen Z and Millennial women, with financial technology serving as a mediating variable.Method: The data analysis method employed in this study is associative causality using a quantitative approach, specifically Structural Equation Modeling (SEM). The sample consists of Millennial and Gen Z women actively participating in the labor force in West Java. The sampling techniques include direct observation, online questionnaires, and interviews with 400 respondents.Result: The study found that personality traits and education levels significantly influence financial knowledge. Additionally, both financial knowledge and financial technology have a significant impact on financial management behavior. Financial knowledge also significantly affects financial technology, which mediates the relationship between personality, education level, and financial management behavior.Practical Implications for Economic Growth and Development: This study highlights the financial management behavior of women, particularly Gen Z and Millennials, as a sustainable demographic bonus towards 2045. Improved financial management practices, driven by personality, education level, financial knowledge, and financial technology, can convert income into long-term savings, thereby contributing to sustainable economic growth and development.Originality/Value: This study introduces a novel perspective by focusing on samples of Gen Z and Millennial women in the West Java region and by emphasizing the role of financial technology as a mediating variable in the analysis.
Determinants of Female Entrepreneurial Success: The Influence of Social, Financial, and Institutional Support Rahmatullah Pashtoon; Noorihsan Bin Mohamad; Zarinah Hamid
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.v7i3.14292

Abstract

Purpose: This research aims to identify the variables that impact both the financial and non-financial performances of Afghan women-owned businesses.Method: This study utilized a descriptive, cross-sectional design with a quantitative approach, employing a Structural Equation Model (SEM) to assess the influence of push and pull factors on the success of female entrepreneurs. A purposive sample of 308 women-led Micro and Small Enterprises (MSEs) in Kandahar, Afghanistan, was surveyed using a structured questionnaire.Result: The study identified key determinants influencing both the financial and non-financial performance of women entrepreneurs. Significant factors include familial support and motivation, access to financial resources, availability of training and professional development opportunities, and support from governmental and non-governmental organizations. Conversely, self-independence, self-efficacy, and access to professional networks did not exhibit a statistically significant positive impact on business performance.Practical Implications for Economic Growth and Development: This article outlines key strategies for enhancing the business environment and success of female entrepreneurs. The findings provide a basis for policymakers to design supportive frameworks that foster the growth and sustainability of women-led enterprises. By identifying critical success factors, the study contributes to the empowerment of female entrepreneurs and their transformative role in driving innovation, job creation, economic development, and poverty alleviation.Originality/Value: Although there is ample research on female entrepreneurs, a notable gap exists in studies that explicitly examine the factors influencing their financial and non-financial success, particularly in war-torn areas such as Kandahar. This paper explores significant topics and advocates for further investigation in this field.
Exploring the Determinants of Financial Distress in ASEAN-5 Firms During the COVID-19 Pandemic Dwi Alfiyanah; Ika Atma Kurniawanti
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 Romindo Megawati Pasaribu; Hanna Meilani Damanik; Trimelda Mei Liana Sitorus
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 Renny Christiarini; Natalya Natalya; Lily Purwianti
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 Agus Sutisna; Hendra Wulan; Guntur Eko Saputro
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.