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
Government expenditure on key sectors of the economy and stock market performance in Nigeria Osagie Osifo; Success Osamede Abusomwan
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6736

Abstract

Purpose — This study examines the effect of Government Expenditure (GE) on key sectors of the economy and Stock Market Performance (SMP) in Nigeria.Method — Statistics Bulletin published by the Central Bank of Nigeria (CBN) was utilized as source for time series data between 1980 and 2021. SMP is proxied with MCAP and ASI while expenditure on agriculture, defense, education, and health formed components of government expenditure. The FM-OLS and ARDL methodology were adopted to determine the GE's short and long-term impact on SMP in Nigeria. ADF unit root testing, correlation analysis, Engle and Granger co-integration analysis, and preliminary descriptive statistics testing were all carried out.Result — The outcome indicates that all through the long and short term, GE on education, defense and agriculture have significant influence of SMP in the long run via MCAP channel. GE on defense and agriculture significantly affects SMP in the short run via ASI channel. Hence, this study concludes that GE components are key determinants in explaining the effect of government spending on SMP in Nigeria. The magnitude of this effect is a function of stock market proxy used.Contribution — This study provides empirical evidence on the impact of government spending on key sectors of the economy on stock market performance in Nigeria using two proxies (market capitalization and all share index) in short run and longrun.
Long- and short-term analysis on the Human Development Index in West Nusa Tenggara Risky Angga Pramuja; Novi Primita Sari; Zainal Arifin; Muhammad Azizurrohman; Supiandi Supiandi
Journal of Enterprise and Development (JED) Vol. 5 No. 1 (2023): 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.v5i1.6764

Abstract

Purpose — With the low human development index in West Nusa Tenggara, this study is intended to analyze important factors in increasing the Human Development Index in an area.Method — This research combined cross-sectional data consisting of 10 regencies and cities in West Nusa Tenggara and time-series data from 2016 to 2020. In addition, a series of model tests were carried out. This research employed the Arellano-bond estimator for the dynamic panel estimation, which used first-difference (FDGMM) with robust standard error.Result — We found that the previous year's Human Development Index, poverty rate, and GDRB significantly increased the human development index in West Nusa Tenggara, especially in the short term. Meanwhile, in the long run, all variables do not affect the human development index in West Nusa Tenggara. In addition, this study revealed that the previous year's HDI, poverty rate, and GRDP only affected the short term. Moreover, long-term policies are needed to increase the HDI in West Nusa Tenggara, such as increasing community capacity, health assistance, price stabilization, and creating new jobs.Contribution — This study clarifies in practice the need for differentiating poverty reduction strategies according to their duration. This is because short-term interventions have little long-term impact on reducing poverty.
Content categories on Instagram: from promotional to interactivity for business development Maulidian Maulidian; Salwa Fatima Zahra; Anys Tasya Nadela; Anisa Fitriani
Journal of Enterprise and Development (JED) Vol. 5 No. 1 (2023): 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.v5i1.6774

Abstract

Purpose — The study aimed to analyze the content on Instagram and to examine the relationship between the content categories and the reach and impressions of the posts.Method — This study analyzed 58 content posts from the Instagram account @Generasi_kenzu using purposive sampling, divided into five categories and measured based on accounts reached and impressions, using descriptive statistics, a Kolmogorov-Smirnov test for normality, and a Kruskal-Wallis test for comparison of mean reach and impressions across the categories.Result — The content analysis revealed that promotion was the most prevalent category, followed by information and education, with a mean reach of 64.22 and a significant proportion of views from the user's profile, and found hashtags to be an effective method of increasing visibility, though with a considerable degree of variation among individual posts. The Kruskal-Wallis test showed no significant difference in the distribution of accounts reached, reach from follower, reach from non-follower, impressions, from profile, from hashtags, from home and from other across the five content categories.Contribution — This study contributes by adding knowledge about content categories' effectiveness on social media platforms, providing valuable insights into content and reach of Instagram posts, and suggesting the need for further research to explore impacting factors.
Impact of loss of confidence in the UK on the domestic and global economy Muhammad Rheza Ramadhan
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6782

Abstract

Purpose — This research examines the effects of loss of confidence caused by tax cuts in the UK on the domestic and worldwide economies.Method — The G-Cubed model is used to simulate a 5% shock to risk premiums in the UK. G-Cubed is a multi-country, multisector, intertemporal general equilibrium model used to analyse a range of policies in international commerce, tax reform, and environmental regulation. Combining the finest elements of three study fields—econometric general equilibrium modelling, international trade theory, and contemporary macroeconomics—is intended to close the gaps between them.Result — UK currency surplus in non-shocked nations leads to exchange rate decline and capital flight, reducing the capital stock and raising interest rates. Loss of confidence prompts households to discount income, resulting in lower domestic consumption and increased savings, coupled with a decrease in private investment. The UK currency's decline improves net exports but eventually causes a drop in real GDP, with falling investment and consumption exceeding rising net exports. Capital outflows and depreciation lead to inflation, mainly in the short term. However, capital outflows from the UK benefit non-shocked countries by raising capital, investment, capital stock, consumption, and real GDP.Contribution — The present study contributes to the academic literature by offering novel insights into the impact of loss of confidence caused by tax cuts on the economies in both, the UK and other countries, by employing G-Cubed model.
The economic impact of asymmetric warfare through illicit drug trafficking in Indonesia Beny Abukhaer Tatara; Suhirwan Suhirwan; Mochammad Afifuddin
Journal of Enterprise and Development (JED) Vol. 5 No. 1 (2023): 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.v5i1.6802

Abstract

Purpose — This research aims to analyze the economic impact of asymmetric warfare through illicit drug trafficking in Indonesia.Method — This research uses a qualitative method with data collection techniques using interviews and literature studies. Researchers conduct interviews with officials related to the National Narcotics Board with 10 people and officials from the Defense Potential Directorate of the Indonesian Ministry of Defense with 2 people.Result — Illicit drug trafficking in Indonesia has an impact on the national resilience of the Indonesian nation. The impact covers all aspects of astagatra, which consists of trigatra aspects, namely demographic, geographical, and natural resources aspects, and pancagatra aspects, which consist of ideological, political, economic, socio-cultural, and defense-security aspects. In economics, research has shown that the economic loss due to drugs amounts to 84.7 trillion rupiahs due to illicit drug trafficking, where 77.42 trillion rupiahs is a personal loss and 7.27 trillion rupiahs is a social cost. Moreover, drug addicts will find it difficult to get a job, given that the impact of rejection from the community and the work environment reaches 92%. Cooperation between agencies and community participation is necessary to address it. This is because Indonesia's defense system is total people's defense and security system (Sishankamrata), which requires the participation of all components of the nation.Contribution — This research add to the knowledge about the impact of asymmetric warfare through illicit drug trafficking, specifically the economic impact. In addition, this research is expected to be a source of input for the government in developing strategic steps to counter illicit drug trafficking which is asymmetric warfare.
Determinants of Indonesian telecommunications industry’s firm value with dividend policy as the moderating variable Fakhirah Husain; Masdar Mas'ud; Syamsu Alam
Journal of Enterprise and Development (JED) Vol. 5 No. 1 (2023): 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.v5i1.6803

Abstract

Purpose — This study attempts to investigate the effect of profitability and capital structure on firm value with dividend policy as a moderating variable.Method — The populations were all telecommunications companies listed on the Indonesia Stock Exchange (IDX) for 2012 to 2021, totaling 19 companies. Using the purposive sampling technique, three companies were used as a sample with a time series for 10 years. The collected secondary data was then analyzed by multiple regression analysis techniques and Moderated Regression Analysis (MRA) supported by SPSS (Statistical Product and Service Solutions) application tools to confirm the research hypothesis. Result — The results indicated that profitability has a positive and significant effect on firm value, while capital structure has no significant effect on firm value. Dividend policy was able to moderate the effect of profitability on firm value, but dividend policy was not able to moderate the capital structure on firm value. Contribution — This research contributes mainly to the firm value literature by strengthening grand theories used in Indonesian telecommunication sectors.
Human development, corruption control, and foreign direct investment revisited: the case of sub-Saharan Africa Joseph Asante Darkwah; David Boohene; Cephas Paa Kwasi Coffie; Amma Addae-Nketiah; Amita Maxwell; Jacob Owusu Sarfo
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6809

Abstract

Purpose — This paper mainly studies how human development (value-added per worker) and control of corruption (CRPT) impact FDI inflows in sub-Saharan Africa. It also highlights the contributions of gross domestic product (GDP), inflation, population growth, natural resources, and political stability to foreign direct investment (FDI) inflows into sub-Saharan Africa (SSA).Method — The study employs the dynamic panel GMM model to estimate the factors that influence the region's foreign direct investment (FDI). The data span for the research was 33 years (1984 -2016).Result — The survey shows a strong connection between FDI inflow, human development, and corruption control. While human development has a beneficial influence, controlling corruption has an uncomplimentary impact on the growth of FDI in SSA.Contribution — There is a gap concerning human development and corruption control in SSA and how they impact FDI inflows. Researchers have attempted to establish this relationship, but they have mostly opted for individual countries and not predominantly in the Sub-Saharan region. This study contributes to the literature by concentrating on these variables (value added per worker and control of corruption) and how they interact with FDI inflows in the Sub-Saharan region.
Nexus between entrepreneurial characteristics and small business productivity in Nigeria Babalola O. Oginni; Samuel O. Omoyele; Isola O. Ayantunji; Folakemi O. Larnre-Babalola; Ramat A. Balogun
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6835

Abstract

Purpose — The productivity challenge confronting small businesses in developing countries has been identified among others to include entrepreneurs’ characteristics. The objective of the study was to investigate the effects of entrepreneurs’ characteristics on the business productivity of SMEs in Nigeria and anchored on the entrepreneur’s innovativeness, experience, orientation, and risk-taking propensity.Method — It was a cross-sectional study carried out among entrepreneurs of SMEs in Southwest Nigeria using a descriptive research survey design. Respondents were selected using a convenience sampling technique. A sample size of 400 respondents was selected for the study, and descriptive statistics such as frequencies and percentages were adopted for data analysis. The hypotheses formulated were tested using chi-square at 0.05 level of significance.Result — The result of the study revealed that an entrepreneur’s characteristics, such as innovativeness, experiences, orientation, and risk-taking propensity, significantly impact productivity. However, innovativeness and risk-taking were paramount among other entrepreneurial characteristics of SMEs in Nigeria.Contribution — The result validated the works of the earlier scholars in the study area and contributed to expanding literature on how entrepreneurs’ characteristics, especially their innovativeness, experience, orientation, and desire to take risks, can solve small business challenges in developing economies.
Enterprise management strategies in agricultural fairtrade products Xavier Lawrence D. Mendoza; Jerico B. Tadeo; Jaypee M. Dacanay; Arnold Nicholas Marla; Chiel Aszhnie B. Vergara
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6837

Abstract

Purpose — One of the fairtrade's major purposes is to raise the socio-economic of small-scale farmers. Numerous studies have found that fairtrade has a beneficial effect on farmers' profitability. Meanwhile, this study focused on the product management strategies of enterprises engaged in fair trade products.Method — The researchers used 50 legally registered enterprises located and operated in the province of Cavite. The significant findings were drawn and analyzed using a descriptive research design.Result — It was discovered that the majority of respondents were sole proprietors with few employees, had been in business for less than three years, and had an average initial capital of Php 3,000,000.00 or less. The product management strategies were very effective, and the majority of the participants used package labeling, fair pricing, and personal branding. Furthermore, the study identified challenges encountered in the implementation of product management strategies, such as poor consumer knowledge about packaging, financial resources that affect product pricing, and consumers' lack of brand exposure.Contribution — The study provides detailed product management practices or strategies among fairtrade products, which will serve as a springboard for status quo analysis and baseline studies to explore and develop pandemic- and post-pandemic-sensitive resilient strategies that will promote the sustainability of fairtrade enterprises.
Agricultural technology adoption, productivity, and poverty reduction in Cameroon: A mediating analysis Paul Akumbom; Mary Juliet Bime Egwu; Peter Ngek Shillie
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): 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.v5i2.6839

Abstract

Purpose — Often people's hesitation to accept new technology stems from a misconception of what technology truly entails. Pictures of future robots and robotics typically spring to mind when people think of technology. Many poor nations rely heavily on agriculture for their survival. Most of the world's impoverished population works in agriculture and lives in rural regions. Indirectly and directly, it contributes to expanding industries and providing food for the world's population. This paper investigates the effects of agricultural technology adoption on poverty reduction.Method — The study adopted both the survey and causal research designs. The researcher employed purposive and snow ball sampling techniques. A total of 384 households were sampled for the study. Data for this study was gotten with the help of a structured questionnaire from household in Tubah Sub-Division of Cameroon and was analysed using inferential statistics.Result — This study revealed that consumable and durable inputs significantly positively affect agricultural productivity in the sub-division at 1% and 5% degree of significance respectively. The results further showed that agricultural productivity had a mediating positive effect on poverty reduction at 1% degree of significance.Contribution — Most studies on agricultural technology adoption in developing countries only focus on short-term impacts. In contrast, this study provides information on the long-term effects of technology adoption on farmers' livelihoods and the environment.

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