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
Exploring QRIS Continuance Use Intention Among Generation Z: Integrating TAM and ECM with Trust and Perceived Risk as Moderators Friska Nur Areta Puri; Datien Eriska Utami
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15005

Abstract

Purpose: This study aims to investigate the impact of perceived value and service quality on the continuance use intention of QRIS among Generation Z, with user satisfaction serving as a mediating variable, and trust and perceived risk as moderating variables.Method: A quantitative research approach was employed, utilizing a survey conducted with 240 Generation Z respondents in Solo Raya who have used QRIS in their daily transactions. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the assistance of SmartPLS 4 software.Result: The findings indicate that both perceived value and service quality positively influence user satisfaction. Additionally, perceived value and user satisfaction significantly affect continuance use intention. Although service quality does not have a direct effect, it indirectly influences continuance use intention through user satisfaction. Trust and perceived risk, however, do not moderate the relationship between user satisfaction and continuance use intention.Practical Implications for Economic Growth and Development: This study supports Indonesia's digital economy agenda by identifying strategies to sustain QRIS adoption among youth. By strengthening perceived value and service quality, QRIS can enhance financial inclusion, improve transaction efficiency, and foster the digital integration of MSMEs.Originality/Value: This study offers a unique contribution by integrating the Technology Acceptance Model (TAM) and the Expectation Confirmation Model (ECM) within the QRIS context. It also examines trust and perceived risk as moderators between user satisfaction and continuance use intention.
What Drives Retail Investors' Decisions in the Indonesian Market? Understanding the Role of Cognitive and Social Biases Aufaa Hasbul Qahhar Adhytya; Abdur Rafik
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15072

Abstract

Purpose: This study examines the effects of representativeness bias, availability bias, and herding behavior on retail investors' investment decisions in Indonesia. It also investigates whether internal locus of control moderates the relationship between behavioral biases and investment decisions.Method: A quantitative survey approach was employed using data from 302 active retail investors in the Indonesian capital market, selected through purposive sampling. Data were collected using a structured questionnaire with a five-point Likert scale and analyzed using Structural Equation Modeling with the Partial Least Squares (SEM-PLS) technique.Result: The results indicate that representativeness bias, availability bias, and herding behavior have positive and significant effects on retail investors' investment decisions, suggesting that decisions are largely driven by heuristic judgments and social influence rather than purely rational evaluation. However, internal locus of control does not significantly moderate the relationships between behavioral biases and investment decisions, suggesting that individual psychological control does not automatically function as a debiasing mechanism in highly digitalized and socially influenced investment environments.Practical Implications for Economic Growth and Development: The results highlight the importance of behavioral-based financial education that emphasizes bias awareness to improve decision-making quality, promote more efficient capital allocation, and enhance capital market stability.Originality/Value: This study contributes to behavioral finance literature by integrating cognitive and social biases with internal locus of control as a moderator in an emerging market context.
Role of Social Capital, HR Competence, Financial Inclusion, and Financial Literacy in the Sustainable Performance of MSMEs Fiqih Maria Rabiatul Hariroh; Pupung Purnamasari; Filda Rahmiati; Tsamrotul Jannah; Muhammad Kosim
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15119

Abstract

Purpose: This study examines the factors influencing the sustainable performance of Micro, Small, and Medium Enterprises (MSMEs) by focusing on the interaction between social capital, human resource (HR) competence, financial inclusion, and financial literacy.Method: This study adopted quantitative research design, collected data from 207 MSME actors in Bekasi Regency through structured questionnaires, and evaluated the proposed conceptual model using Structural Equation Modeling (SEM) in SmartPLS 4.0.Result: The analysis reveals that social capital, HR competence, and financial inclusion significantly impact sustainable performance. Furthermore, the study demonstrates that financial inclusion positively affects the financial literacy of MSME owners. In addition, financial literacy was found to serve as an essential mediator, strengthening the relationship between financial inclusion and the sustainable performance of MSMEs.Practical Implications for Economic Growth and Development: This research contributes to economic development by providing insights into the mechanisms that can help MSMEs transition from subsistence-level operations to sustainable, export-ready entities. By aligning financial access with capacity-building initiatives, local economies can mitigate business failure rates, promote more inclusive wealth distribution, and enhance regional competitiveness in the global market.Originality/Value: This study adds financial literacy as a mediating variable between financial inclusion and sustainable performance. Additionally, it offers an exploration of how social capital and human capital contribute to fostering sustainable MSME performance.
Firm Value in the Post-Pandemic Era: The Moderating Role of Board of Commissioners in Indonesian Manufacturing Firms Rahmadani Permatasari; Fatchan Achyani
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15183

Abstract

Purpose: This study examines the effects of corporate social responsibility (CSR), dividend policy, leverage, and profitability on firm value and investigates whether good corporate governance—proxied by the board of commissioners—moderates these relationships.Method: This research employs a quantitative research design using secondary data derived from the annual reports and sustainability reports of manufacturing firms listed on the Indonesia Stock Exchange (IDX) over the 2021–2023 period. Using purposive sampling, 21 firms were selected, yielding 63 firm-year observations. The data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA).Result: The findings show that leverage and profitability significantly influence firm value, whereas CSR and dividend policy do not have a significant effect. The board of commissioners significantly moderates the relationship between leverage and firm value but does not moderate the relationships of CSR, dividend policy, or profitability with firm value.Practical Implications for Economic Growth and Development: These results highlight the importance of strengthening corporate governance, particularly in capital structure oversight, to support corporate stability and enhance investor confidence—factors that can contribute to sustainable economic growth.Originality/Value: This study advances the corporate finance and governance literature by integrating CSR disclosure, dividend policy, financial performance, and governance structure within a single moderating framework. Using evidence from Indonesia’s post-pandemic manufacturing sector, it provides insight into how governance mechanisms shape the effectiveness of financial decisions in enhancing firm value.
Mapping Macroeconomic Risks of Global Climate Policies: A Systematic Literature Review Rahmi Afzhi Wefielananda; Hesty Aisyah
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15204

Abstract

Purpose: This study aims to map the macroeconomic risks arising from global climate policies in the international economics literature, identify transmission mechanisms, examine the role of climate policy uncertainty, and explore the thematic evolution of existing studies.Method: The study employs a Systematic Literature Review based on the PRISMA protocol, applied to Scopus-indexed articles using keywords related to macroeconomic climate risks and climate policy spillovers. From 82 initial documents, 33 core studies were selected and analyzed thematically and comparatively.Result: This research found that the macroeconomic risks of climate policies are transmitted through four main channels: energy and carbon markets, financial markets, international trade and exchange rates, and institutional and behavioral dimensions. Climate policy uncertainty increases volatility and extreme risks during market stress and triggers cross-sectoral and cross-country spillovers. The literature reveals that financial markets act as the primary mediator between climate policies and macroeconomic stability, while the exchange rate channel operates through changes in global energy prices. The thematic evolution shows a shift from environmental issues toward macroeconomic and financial stability, with a growing dominance of quantile and time-frequency approaches.Practical Implications for Economic Growth and Development: The study concludes that global climate policies constitute a key determinant of international macroeconomic stability and require an integrated analytical approach across markets and sectors to support sustainable growth and development.Originality/Value: This study reformulates global climate policy as a systemic macroeconomic risk architecture that integrates the energy, financial, trade, and institutional channels, which have previously been examined in a fragmented manner.
Efficiency or Innovation? Competitive Strategies and Bankruptcy Risk in Indonesia’s Textile Industry Qurrotul Aini; Heru Tjaraka
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15206

Abstract

Purpose: This study examines the effectiveness of cost leadership and product differentiation strategies in reducing bankruptcy risk among labor-intensive textile and textile product firms in Indonesia. It also analyzes the moderating role of firm size in these relationships.Method: This study adopts a quantitative approach using secondary data derived from the financial reports of textile companies listed on the Indonesia Stock Exchange during the 2014–2024 observation period.Result: The findings indicate that both cost leadership and product differentiation strategies significantly reduce bankruptcy risk, suggesting that efficiency-based and innovation-oriented strategies enhance firms’ financial stability. Firm size strengthens the effect of cost leadership on the reduction of bankruptcy risk, implying that larger firms benefit from scale advantages. However, firm size does not significantly moderate the relationship between product differentiation and bankruptcy risk.Practical Implications for Economic Growth and Development: This study provides valuable insights for managers and policymakers in formulating competitive strategies that enhance firm survival and financial resilience in the labor-intensive textile industry. By reducing bankruptcy risk, effective strategic choices may contribute to employment stability, industrial sustainability, and long-term economic growth in developing economies such as Indonesia.Originality/Value: This study offers new empirical evidence by comparing the effects of cost leadership and product differentiation strategies on bankruptcy risk and by examining the moderating role of firm size in Indonesia’s labor-intensive textile industry, an area that has received limited attention in previous research.
Knowledge Sharing as a Mediator between Emotional Intelligence, Communication, and Employee Performance in the Agrotourism Sector Syifa Emilia; Alfato Yusnar Kharismasyah
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15208

Abstract

Purpose: This study examines the effects of emotional intelligence and communication on employee performance, with knowledge sharing serving as a mediating variable in the agrotourism sector.Method: This study employs a quantitative approach using primary data collected through offline questionnaire distribution. A total of 152 employees of the PTPN IX Kaligua region participated as respondents. The data were analyzed using SEM-PLS with the support of SmartPLS version 4.Result: The findings indicate that emotional intelligence, communication, and knowledge sharing each have a significant positive effect on employee performance. Knowledge sharing mediates the relationship between communication and employee performance. However, knowledge sharing does not mediate the relationship between emotional intelligence and employee performance.Practical Implications for Economic Growth and Development: These findings highlight the importance of emotional intelligence, communication, and knowledge sharing in improving employee performance. Strengthening communication practices and fostering knowledge sharing among employees can enhance productivity, which may benefit organizational performance and, in the broader context, contribute to economic growth and development.Originality/Value: This study proposes a model that positions knowledge sharing as an intervening mechanism linking emotional intelligence and communication to employee performance in the agrotourism sector.
Determinants of Marketing Performance in Micro Food and Beverage Enterprises: Mediating Role of Competitive Advantage Dian Anisa Wulandary; Haris Hermawan; Abadi Sanosra
Journal of Enterprise and Development (JED) Vol. 8 No. 1 (2026)
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.v8i1.15257

Abstract

Purpose: This study investigates the effects of digital marketing, market orientation, and product innovation on marketing performance, with competitive advantage serving as an intervening variable among micro food and beverage enterprises.Method: A quantitative research design was applied through a survey involving 98 owners of micro food and beverage businesses. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) to assess both the direct and indirect relationships among the variables.Result: The findings indicate that digital marketing and product innovation exert a significant positive effect on marketing performance, whereas market orientation does not have a significant direct effect. Product innovation also has a significant positive effect on competitive advantage, while digital marketing and market orientation do not significantly influence competitive advantage. Furthermore, competitive advantage has a significant positive effect on marketing performance and mediates the relationships of digital marketing and product innovation with marketing performance. However, it does not mediate the relationship between market orientation and marketing performance.Practical Implications for Economic Growth and Development: The results underscore the strategic importance of enhancing digital marketing capabilities, promoting continuous product innovation, and developing sustainable competitive advantage to improve the performance of microenterprises. These efforts may contribute to local economic development, employment generation, and the competitiveness of micro, small, and medium enterprises (MSMEs).Originality/Value: This study offers a significant contribution by developing an integrated explanatory model that links digital marketing, market orientation, and product innovation to marketing performance through the mediating role of competitive advantage among micro food and beverage enterprises.
Green Management Practices and Competitive Advantage among Small and Medium Enterprises in The Gambia: A Qualitative Study Saidyjeng, Lamin; Ahmed, Issa G.; Jibril, Abubakar Muhammad
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026)
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.v8i2.14992

Abstract

Purpose: This paper aims to examine the green management practices adopted by small and medium enterprises (SMEs) in The Gambia and to analyze how these practices contribute to competitive advantage within a resource-constrained economic context.Method: The study employs a qualitative documentary approach based on the analysis of secondary data drawn from government policies, reports issued by international agencies, and SME-related publications produced between 2018 and 2025. The data were analyzed using thematic analysis, guided by the Resource-Based View and Institutional Theory.Result: The findings reveal several common, although largely informal, green management practices among SMEs, primarily focused on energy conservation, basic waste management, and resource protection. These practices are predominantly cost-driven and reactive in nature. Nevertheless, they generate competitive advantages by lowering operational costs, strengthening organizational legitimacy, and enhancing business resilience. Their wider adoption, however, is constrained by limited financial capacity, weak regulatory enforcement, and insufficient strategic managerial awareness.Practical Implications for Economic Growth and Development: The findings indicate that integrating sustainability into SME capacity-building programs is essential for strengthening long-term competitiveness and promoting employment generation. Policymakers and development partners should therefore reposition green practices as strategic investments in resilience by supporting them through financial incentives, practical implementation tools, and targeted training initiatives.Originality/Value: This study provides one of the earliest firm-level qualitative examinations of the strategic adoption of green management practices by SMEs in The Gambia. In doing so, it addresses an important gap in the sustainability literature concerning small African economies.
Strengthening the Halal Industry Ecosystem through Halal Certification, Product Literacy, Awareness, and Promotion: Moderating Role of Islamic Financing Putri, Rizky Nur Ayuningtyas; Auliya, Zakky Fahma; Margarena, Agung Novianto; Asengbaramae, Rowiyah
Journal of Enterprise and Development (JED) Vol. 8 No. 2 (2026)
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.v8i2.15327

Abstract

Purpose: This study examines the influence of halal certification, halal product literacy, halal awareness, and promotional efforts on the development of the halal industry ecosystem, with Islamic financing as a moderating variable. It adopts Ecosystem Innovation Theory to explain collaboration among government, producers, and Islamic financial institutions.Method: This explanatory quantitative study involved 400 halal-certified MSME actors in the Soloraya region, selected through purposive sampling. Data were collected using a Likert-scale questionnaire and analyzed with SEM-PLS to examine direct and moderating effects.Result: The findings indicate that halal certification, halal product literacy, and promotional efforts have positive and significant effects on the halal industry ecosystem. Halal awareness does not show a significant direct effect. Islamic financing significantly moderates the relationship between halal awareness and the halal industry ecosystem, but it does not moderate the relationships involving halal certification, halal product literacy, or promotional efforts.Practical Implications for Economic Growth and Development: The study emphasizes the need for integrated collaboration among MSMEs, government, and Islamic financial institutions. MSMEs should strengthen certification compliance, halal education, and digital promotion. The government should provide regulatory support, certification subsidies, and halal literacy infrastructure. Islamic financial institutions should design financing products that align with halal-certified MSME needs.Originality/Value: This study extends Ecosystem Innovation Theory in halal industry research by positioning Islamic financing as a moderator. It offers a new perspective on how Islamic financing strengthens the link between halal awareness and halal ecosystem development.