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
Productive zakat distribution in improving mustahik welfare: CIBEST model approach Karunia, Sinta Octavia Fabber; Amir, Faizal
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.v6i2.9723

Abstract

Purpose — This research aims to determine the positive impact of the productive zakat program on Mustahik's welfare through increasing income and spiritual well-being and reducing poverty levels.Method — We employed a purposive sampling method in our sampling technique. The criteria for respondents selected as samples in this study were mustahiq, who received zakat from BAZNAS and were Muslim. The data for this research were obtained by distributing questionnaires directly through visits to Mustahiq's homes. The collected data were then processed using the Wilcoxon test and CIBEST model analysis. The Wilcoxon test determined the average difference in income before and after receiving zakat. Meanwhile, the CIBEST model was used to evaluate Mustahik's welfare.Result — The findings of this research show that mustahik recipients of productive zakat assistance can improve their financial conditions and materially enhance their circumstances. Overall, the research results confirm that the BAZNAS effective zakat program has had a positive impact on Mustahik's welfare, by increasing income, spiritual well-being, and reducing poverty levels.Practical implications  — The distribution of productive zakat must continue to be improved, both in terms of the quality of its management and the utilization of abundant zakat funds, to achieve a more optimal positive impact on Mustahik's welfare.
Impact of stock market liquidity and external factors on herding behavior in the Amman Stock Exchange Aldeki, Raneem Ghazi
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.v6i2.9761

Abstract

Purpose — The research investigation was centered on the potential for herding behavior in the Amman Stock Exchange. The major goal of the current investigation is to identify any herding behavior that may occur, including behavior caused by liquidity and global factor drivers (such as oil prices and Fed fund rates).Method — The study employed the quantitative research method. The sample consists of 50 observations from 171 companies, and the data were collected from monthly records spanning January 2019 to March 2023. The Generalized Method of Moments (GMM) and a deductive approach were utilized in the quantitative methodology of this study.Result — At this stage, employing a CSSD regression analysis makes it possible to observe evidence of herding behavior in the left tail. The study also found no evidence suggesting that stock market liquidity affects herding behavior in the right tail during periods of both high and low liquidity. However, it did find evidence indicating that liquidity affects herding behavior in the left tail. The Amman capital market has demonstrated that herding behavior is not significantly influenced by global factors.Practical implications  — This study suggests that the Amman Stock Exchange should make information accessible to all investors to encourage them to take an active role in making their own investment decisions.
Exploring entrepreneurial literacy knowledge transfer among women farmers group Kamaruddin, Citra Ayni; Hasan, Muhammad; Arisah, Nur
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.v6i2.9795

Abstract

Purpose — This research aims to explore the entrepreneurial literacy possessed by the women farmers group.Method — This research employs a qualitative approach utilizing a case study method specifically focused on the women farmers group. The informants in this study consist of two individuals from the women farmers group in Buntusu District, Tamalanrea Regency, namely the Chair and Secretary. Data collection techniques include observation and interviews. Data analysis involves testing data validity through time triangulation and reflexivity processes.Result — The findings of this study demonstrate four dimensions essential for assessing entrepreneurial literacy within the women farmers group. These dimensions encompass: (1) decision-making proficiency, (2) adeptness in selecting viable business strategies, (3) competence in managing and allocating financial resources, and (4) proficiency in transforming agricultural outputs into commercially viable products.Practical implications — This study serves as a basis for the development of government policies aimed at empowering women farmers group to enhance the productivity of urban land for agricultural purposes, meeting the community's needs, particularly for food products.
Random walk tests for the MENA stock returns Asaad, Zeravan Abdulmuhsen; Omer, Bayar Mohamed Rasheed
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.v6i2.9819

Abstract

Purpose — The current study seeks to understand whether individual stock returns exhibit random movement and are not dependent (efficient at weak form) on fourteen out of sixteen actively traded Arab stock markets in the Middle East and North Africa (MENA) region, based on the size of the market value.Method — Various non-parametric methods, including autocorrelation test, variance ratio test, Phillips-Perron unit root test, and runs test, are used to assess the random walk hypothesis for daily data following the Covid-19 vaccination program. This analysis covers the period from January 3, 2021, to March 28, 2023.Result — The study results present evidence that all individual stock returns deviate from random walk behavior. However, only Kuwait, Jordan, and Palestine stock returns follow the random walk based on the run test results at a significance level of 10%. Therefore, it can be concluded that all stock returns are inefficient at the weak-form, suggesting that investors have opportunities for unexpected gains.Practical implications  — The findings of this study suggest that investors in the MENA region may have opportunities for unexpected gains, as individual stock returns deviate from random walk behavior, highlighting the importance of considering market dynamics and employing informed investment strategies. Additionally, policymakers could benefit from understanding the inefficiencies in stock returns to implement measures that promote market stability and efficiency.
Financial technology, financial knowledge, and financial attitude of Generation Z: Determinants of financial behavior Prasetyo, Febrio Andi; Mustaqim, Mustaqim
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.v6i2.9836

Abstract

Purpose — The aim of this study is to examine the influence of financial technology, financial literacy, and financial attitudes on the financial behavior of Generation Z  within the framework of Society 4.0.Method — This quantitative descriptive research utilizes a questionnaire-based data collection approach distributed online through Google Forms to university students in Sidoarjo. A total of 94 responses were gathered from the questionnaire distribution. Subsequently, to discern the individual impacts, the data from the questionnaire were subjected to analysis employing t-tests and multiple linear regression using SPSS version 2.1.Result — This study reveals that financial technology has an influence on the financial behavior of college students, while financial literacy affects their financial behavior. Additionally, financial attitudes also impact their financial behavior.Practical implications  — This study suggests a pressing need for educational institutions to enhance financial education programs, integrating concepts from behavioral finance and emphasizing practical application, to improve students' understanding of financial behavior and decision-making for effective personal financial management.
Typological analysis of community participation for sustainable tourism in Sasak Ende Tourism Village Ajie, Arief Purnama; Wulandari, Lastiani Warih; Isdarmanto, Isdarmanto
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.v6i2.9904

Abstract

Purpose  — The purpose of this study is to analyze community participation in Sasak Ende Tourism Village in managing and designing sustainable tourism development strategies based on the results of typological analysis of community participation.Method — This study employs qualitative methods utilizing primary and secondary data sources. Data were gathered through observation, interviews, and documentation. We interviewed informants from the Central Lombok Tourism Office, the Managing Secretary of Sasak Ende Tourism Village, and Pujut Regency. Furthermore, triangulation analysis techniques were utilized in this study to assess the validity of the data.Result — Based on the analysis, three levels of community participation were identified in Sasak Ende Tourism Village: material incentive participation, interactive participation, and independent mobilization. Community participation activities in Sasak Ende Tourism Village adhere to socio-cultural, economic, and environmentally sustainable tourism principles. The strategy employed focuses on developing human resources (HR) and preserving Sasak traditional houses. The analysis results in a sustainable tourism development strategy for Sasak Ende Tourism Village based on the typology of participation and the principles of sustainable tourism.Practical implications — This study suggests that fostering various levels of community participation and aligning tourism development strategies with socio-cultural, economic, and environmental sustainability principles can lead to the preservation of cultural heritage and sustainable growth in destinations like Sasak Ende Tourism Village.
Endogenous Growth and Environmental Kuznets Curve: Lessons from FDI Impact on Economic Growth in Sub-Saharan Africa Darkwah, Joseph Asante; Boohene, David; Oyekunle, David; Dorley, Faikai; Gbolonyo, Patrick
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 Putri, Ardita Herniati; Zulpawati, Zulpawati; Syapriatama, Imronjana; Mas'ud, Riduan; Aminy, Muhammad Muhajir; Rooly, Mohamed Saleem Ahamed Riyad
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; Afifah, Nur
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 Mandagi, Deske Wenske; Indrajit, Indrajit; Wulyatiningsih, Toetik
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.