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
The Moderating Role of CEO Characteristics in the Relationship between Financial Conditions and Corporate Debt Policy Heriyanto, Heriyanto; Febriany, Novita; Engel, Mischella
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; Putra, Safwira Guna
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.