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
Can Women’s Empowerment Increase Their Participation in the Workforce? Evidence from ASEAN Shabrina, Maida Shafarana; Faridatussalam, Sitti Retno
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.v7i2.13408

Abstract

Purpose: This study aims to examine the impact of women's empowerment on female labor force participation in ASEAN countries. Women's empowerment is measured through variables such as education, health, wages, parliamentary representation, fertility rates, and maternal mortality rates.Method: This research employs a panel data approach by applying the Random Effects Model (REM) across 10 ASEAN member countries. Socio-economic and demographic indicators are integrated to assess the extent to which these variables influence female labor force participation.Result: Research findings indicate that education, access to healthcare services, and low maternal mortality rates positively contribute to increasing women's labor force participation. Conversely, factors such as low wage levels, limited female representation in parliament, and high fertility rates serve as barriers.Practical Implications for Economic Growth and Development: This study identifies key factors influencing female labor force participation and provides strategic recommendations for policymakers in the ASEAN region. Improving women's access to education and healthcare services is expected to foster inclusive development, reduce gender disparities, and strengthen the achievement of the Sustainable Development Goals (SDGs), particularly in the areas of gender equality and decent work.Originality/Value: This study makes a novel contribution by incorporating rarely discussed variables such as maternal mortality rates and fertility levels in a region characterized by diverse socio-economic conditions. It offers deeper insights into the driving forces behind female labor force participation in ASEAN countries.
Does Profitability Matter? The Dual Role of ROA and ROE in the ESG–Firm Value Relationship Suprapto, Yandi; Agustin, Isnaini Nuzula; Putri, Ayesha Antonia
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.v7i2.13447

Abstract

Purpose: This study investigates the relationship between Environmental, Social, and Governance (ESG) performance and firm value, with profitability—measured by Return on Assets (ROA) and Return on Equity (ROE)—serving as the moderating variable.Method: Data were collected from companies listed on the Indonesian Stock Exchange (IDX) over five years (2019-2023). Control variables include firm size, firm age, and leverage. This study employs a quantitative approach, utilizing panel data regression on 209 firm-year observations from IDX-listed companies. Tobin’s Q serves as a proxy for firm value, while the ESG score is the independent variable, moderated by profitability.Result: The findings indicate that ESG performance positively affects firm value in the base model. However, this effect turns negative when profitability is included as a moderator. Notably, the interaction term ESG*ROE has a significant positive effect, suggesting that higher profitability (as reflected by ROE) enhances the positive impact of ESG on firm value. In contrast, ROA does not exhibit a significant moderating effect.Practical Implications for Economic Growth and Development: This study underscores the importance of integrating sustainability efforts (ESG) with strong financial performance to create long-term value. This insight is crucial for policymakers and investors aiming to promote responsible business practices and sustainable economic development.Originality/Value: This study examines the moderating role of profitability—specifically ROA and ROE—in the relationship between ESG performance and firm value. By focusing on an emerging market context, this research offers insights on how different dimensions of profitability influence the ESG–firm value nexus.
The Role of Macroeconomic Indicators and Global Oil Prices in Influencing Indonesia’s Crude Oil Exports to South Korea Auliani, Annisya; Purnomo, Didit
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.v7i2.13464

Abstract

Purpose: This study analyzes the impact of macroeconomic indicators and global oil prices on Indonesia's crude oil exports to South Korea, one of its strategic trading partners in the East Asia region.Method: A quantitative approach was employed using annual time series data comprising 24 observations from 2000 to 2023. Secondary data were obtained from official sources such as Statistics Indonesia (BPS), the World Bank, and Index Mundi. Data analysis was conducted using multiple linear regression with the Ordinary Least Squares (OLS) method.Results: The analysis indicates that South Korea’s inflation and GDP per capita growth positively affect Indonesia’s crude oil exports to the country. Conversely, the exchange rate and global oil prices negatively impact these exports.Practical Implications for Economic Growth and Development: These findings provide relevant policy insights for the Indonesian government in responding to global economic dynamics, including strategies for exchange rate stabilization, export market diversification, and strengthening economic diplomacy.Originality/Value: This study makes an original contribution by specifically examining the bilateral relationship of Indonesia’s crude oil exports to South Korea based on the dynamics of external variables. Its focus on a specific region and extended time coverage renders it a unique study that delivers tangible contributions rarely found in Indonesia’s international trade literature.
Bridging Augmented Reality Experience and Purchase Intention: Integrating Attitudinal Ambivalence into an Extended TAM Jessica, Cynthia; Astuti, Rifelly Dewi
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.v7i2.13508

Abstract

Purpose: This study explores the impact of augmented reality (AR) technology on purchase intention in Indonesia. By integrating the AR experience framework with an extended Technology Acceptance Model (TAM), the research examines how five dimensions of the AR experience—sensory experience (SE), emotional experience (EE), thinking experience (TE), action experience (AE), and related experience (RE)—affect perceived ease of use (PEOU) and perceived usefulness (PU), which subsequently influence purchase intention (PI), with attitudinal ambivalence (AA) as a mediating factor.Method: A quantitative, cross-sectional survey was conducted with 300 Indonesian respondents, aged 18 to 60, who were recent users of the AR Sephora Virtual Artist. Data were collected through an online questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM).Result: Findings reveal that the dimensions of the AR experience positively impact PEOU and PU, which subsequently negatively influence AA. PU also directly fosters positive PI, while PEOU does not. Importantly, AA negatively affects PI, underscoring its critical role in consumer decision-making.Practical Implications for Economic Growth and Development: This research offers valuable insights for retailers to optimize AR implementation, thereby enhancing consumer engagement and driving purchase intention. Improving AR usability and effectiveness can reduce consumer uncertainty, strengthen market adoption, and advance digital commerce in the beauty industry.Originality/Value: This study uniquely integrates AA into existing AR adoption models and combines the AR experience framework with an extended TAM, providing novel theoretical contributions to AR in retail and insights into consumer behavior.
Income Inequality in the Expanded BRICS: A Panel Analysis with Indonesia as a New Entrant Octavidya, Ayuningtyas Puri; Fevriera, Sotya
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.v7i2.13607

Abstract

Purpose: This paper investigates the effect of GDP per capita, foreign direct investment (FDI), government expenditure, and inflation on income inequality in BRICS countries.Method: This research utilized a random effects model (REM) estimated using generalized least squares (GLS) with an autoregressive (AR(1)) disturbance to analyze panel data from six BRICS member countries from 1992 to 2017.Results: The findings indicate that GDP per capita has a significant negative influence on income inequality, while government expenditure has a significant positive impact on income inequality. However, FDI and inflation do not significantly affect income inequality.Practical Implications for Economic Growth and Development: The results suggest that the governments of Brazil, Russia, India, Indonesia, China, and South Africa should maintain their policies on micro, small, and medium enterprises (MSMEs) and develop strategies for the informal sector. This can be achieved by employing programs from the BRICS Bank that support sustainable development with a focus on inclusive economic growth. Encouraging non-governmental organizations (NGOs) that work in poverty alleviation, education, health, and the environment to secure funding from the New Development Bank could optimize expenditure directed towards sectors that enhance the income of impoverished populations, particularly in education and health.Originality/Value: This study contributes to the existing literature on the dominant BRICS countries, including Indonesia, by employing a new indicator for per capita income based on purchasing power parity and applying a GLS estimation specifically for addressing first-order autoregressive issues.
Knowledge Management and Performance: Unveiling Creativity’s Role in Higher Education for Sustainable Development Fahadha, Rizqa Ula; Maarif, Muhammad Syamsul; Yulianto, Budi
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.v7i2.13950

Abstract

Purpose: This study investigates the impact of knowledge management on team member performance, with a focus on the mediating role of team member creativity, within the context of higher education institutions as strategic contributors to sustainable economic development.Method: This research adopts a quantitative explanatory approach, utilizing a survey methodology that includes 100 respondents, comprising lecturers and educational staff from a university located in Central Java, Indonesia. Data were gathered through a closed-ended Likert scale questionnaire and analyzed employing the Structural Equation Modeling Partial Least Squares (SEM-PLS) method, facilitated by SmartPLS software.Result: The findings of the study reveal that knowledge management exerts a positive and significant influence on team member performance, both directly and indirectly through team member creativity as a mediating variable. Furthermore, team member creativity has been identified as a critical factor in enhancing the relationship between knowledge management and individual performance.Practical Implications for Economic Growth and Development: These results provide substantial practical implications, indicating that the implementation of effective knowledge management practices can cultivate a creative, innovative, and productive organizational culture, thereby contributing to knowledge-based economic growth within the higher education sector. This research contributes theoretically by deepening the understanding of creativity as a cognitive mechanism within the Knowledge-Based View framework, while also offering practical insights for institutional leaders to develop policies aimed at enhancing human resource capabilities.Originality/Value: This study presents an integrative model that explores the mediating role of psychological variables within a theoretical framework pertinent to the reinforcement of knowledge-based organizations in the higher education sector.
Menguji keberadaan structural breaks pada transmisi kebijakan moneter di Indonesia Syapriatama, Imronjana; Pratiwi, Intan Kusuma
Journal of Enterprise and Development (JED) Vol. 1 No. 2 (2019): 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.v1i02.969

Abstract

Purpose — This paper investigates the presence of structural breaks in order to determine the regime shift in case of Indonesia economy.Research method — We use the Bai-Perron (2003) to test the breaks within the period of January 2014 – December 2018 and Structural Vector Autoregression (VAR) to generate the model constructed to analyze the monetary transmission mechanism.Result — The result shows that there are four significant structural breaks while SVAR shows the negative relationship between SBIS and the Output and a negative relationship between PUAS and Inflation
Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index Alfuadi, Muhammad Umar Azyka
Journal of Enterprise and Development (JED) Vol. 1 No. 2 (2019): 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.v1i02.970

Abstract

Purpose — The paper attempts to analyze the impacts of the gold price, oil price, exchange rate, consumer price index, and BI rate on the Jakarta Islamic Index.Research method — This study employs VAR-VECM to analyze all secondary data collected. The period is from January 2009 until December 2011.Result — The result shows that in long term all variables have a significant impact on Jakarta Islamic Index. The gold price has a negative impact on Jakarta Islamic Index at 4,1% and is stable after 12 months, the oil price has a positive impact of 1% and stable after 21 months, the exchange rate has a positive impact of 3,8% and stable after 17 months, the consumer price index has positive impact 0,5% and stable after 21 months, and BI rate has negative impact 6,2% and stable after 15 months. BI rate also gives the biggest impact on Jakarta Islamic Index among others.
Metode Sayyid Quthb dalam menafsirkan ayat-ayat mengenai kepemilikan dan harta (pembacaan terhadap Tafsir Fî Zhilâl al-Qur'ân) Ridawati, Mujiatun; Johari, Muhamad
Journal of Enterprise and Development (JED) Vol. 1 No. 2 (2019): 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.v1i02.971

Abstract

Revelation in the form of a holy book (al-Qur'an) is often addressed to all humans, regardless of their circumstances or mindsets. Thus, it is entirely conceivable and even necessary for the creation of numerous distinct interpretations. One straightforward and obvious conclusion from these varied readings is that humans have an unequal capacity to comprehend the essence of revelation. It can be argued that Sayyid Quthb's thoughts are difficult to comprehend unless one is willing to read them thoroughly and possesses adequate language skills. Sayyid Quthb employs the tafsr bi ar-ra'yi method, in which he defines property as "everything that can be utilised by humans in carrying out their duties as creatures of Allah." According to Sayyid Quthb, property belongs to Allah swt. entirely, regardless of its form. According to Sayyid Quthb, jihad is an aggressive war waged against Islam's physical adversary through a complete separation of Muslim and non-Muslim ties. According to the preceding definition of jihad, Sayyid Quthb assumes that wealth is merely a tool to be employed in the service of Allah during jihad.
Analisis pengaruh Return On Asset (ROA), Return On Equity (ROE), Earning Per Share (PER), dan Price Earning Ratio (PER) terhadap harga saham yang konsisten listing pada Jakarta Islamic Index (JII) Aminy, Muhammad Muhajir
Journal of Enterprise and Development (JED) Vol. 1 No. 2 (2019): 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.v1i02.973

Abstract

Purpose — This paper discusses the influence of the company's financial ratios, namely Return On Assets (ROA), Return on Equity (ROE), Earning Per Share (EPS), and Price Earning Ratio (PER) on stock price movements listed on Jakarta Islamic Index (JII).Research method — This study uses a quantitative approach with panel data regression analysis method with eight companies as samples.Result — This study found that all variables affect the movement of stock prices since in a simultaneous test with the value of Prob. F < alpha (0,05) and adjusted R-Squared value is 0,9709. While in partial test, EPS and PER are the only variables that have an impact on stock price movements. The variable that has a dominant influence on stock prices is EPS with a regression coefficient of 1,206877.