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West Science Journal Economic and Entrepreneurship
Published by Westscience Press
ISSN : -     EISSN : 29863996     DOI : https://doi.org/10.58812/wsee.v1i02
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. Manuscripts of articles are published after going through a thorough peer-review process. Journal publications are managed by Westscience Press as the publisher.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Keuangan
Articles 352 Documents
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Analysis of the Effect of Sustainable Business Practices on the Financial Performance of Manufacturing Companies in Jakarta: Case Study on Renewable Energy Use, Waste Management, and Environmental Economic Principles Farida Arinie Soelistianto; Riri Nasirly; Eko Sudarmanto; Darmawan Listya Cahya
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.446

Abstract

The adoption of renewable energy, waste management methods' efficacy, the application of environmental economic concepts, and the financial performance of manufacturing enterprises in Jakarta are all examined in this study. This study examined measurement models and structural models by analyzing data from 174 organizations using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings demonstrate that the company's profitability is considerably and favorably impacted by the use of environmental economic concepts and the deployment of renewable energy. This research highlights the significance of sustainable practices in attaining financial prosperity and provides useful guidance for companies seeking to manage the intricate terrain of ecological accountability and financial efficacy.
The Impact of Globalization on the Economy and Entrepreneurship in the Creative Industry Sector: A Case Study in Jakarta City Loso Judijanto; Ribut Musprihadi; Ramli Semmawi; Rahma Hayati Harahap
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.447

Abstract

Using a quantitative methodology based on structural equation modelling with partial least squares (SEM-PLS), this study examines the relationship between globalization, entrepreneurship, and local economic indicators within Jakarta's creative economy. The intricate dynamics of the creative economy were revealed through the observations of a sample of 150 participants drawn from a variety of sub-sectors. Strong validity and reliability were demonstrated by the measuring approach, which also successfully captured the latent dimensions of entrepreneurship, globalization, and local economic indicators. Significant direct effects of globalization and entrepreneurship on regional economic indicators were found by the structural model analysis. Furthermore, it was shown that entrepreneurship acted as a partial mediator, enhancing the effects of globalization on the regional economy. The results provide policymakers, industry stakeholders, and creative entrepreneurs with important takeaways. They also serve as a basis for well-informed plans aimed at promoting sustainable economic development within Jakarta's thriving creative sector.
The Impact of Digital Technology Implementation on the Productivity of MSMEs in Jakarta: An Analysis of E-commerce Adoption, Business Process Automation, and Business Growth Loso Judijanto; Wawan Supriyanto; Ach. Afin; Eko Cahyo Mayndarto
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.448

Abstract

This study explores the complex interrelationships between digital technology, e-commerce adoption, business process automation, and business growth in Micro, Small, and Medium-sized Enterprises (MSMEs) in Jakarta. Using Structural Equation Modeling, the study examines how these variables interact with a sample of businesses. The findings show strong positive correlations, suggesting that companies are more likely to use a whole range of digital technologies when they grow, automate processes, and implement e-commerce strategies. The results have practical ramifications for MSMEs in Jakarta, highlighting the strategic value of technology investment and proposing opportunities for automation and digitization to work together. E-commerce is becoming a more significant part of business operations, and this serves as a potent motivator for more extensive digital reforms. In addition to offering useful insights on the dynamics of digital adoption within the MSME sector, this research offers practical suggestions for companies and policymakers.
A Bibliometric Review of the Development of Entrepreneurship: Literature Analysis, Conceptual Changes, and Implications for Contemporary Business Transformation Afdhal Chatra; Ahmad Rizani; Yovita Yovita; Saputra Adiwijaya
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.449

Abstract

This research investigates the landscape of entrepreneurship literature through a comprehensive analysis that integrates bibliometrics and keyword examination. Utilizing VOSviewer for bibliometric analysis, influential works, thematic clusters, and intellectual relationships are identified, offering a macroscopic view of the field's evolution. Concurrently, a keyword analysis illuminates prevalent themes, shedding light on the interdisciplinary nature of entrepreneurship studies. The results reveal a dynamic landscape characterized by foundational concepts, emergent trends, and a commitment to addressing societal challenges. Key themes include entrepreneurship education, economic and social development, sustainability, and gender considerations. The findings provide valuable insights for researchers, practitioners, and policymakers, guiding future research directions and informing strategies for fostering entrepreneurship in diverse contexts.
The Impact of Social Entrepreneurship on Reducing Economic Inequality, Community Self-reliance, and Business Innovation in Urban Areas: A Case Study in Jakarta, Indonesia Iwan Harsono; Ihsan Ro'is; Wahyunadi Wahyunadi; Emi Salmah
West Science Journal Economic and Entrepreneurship Vol. 1 No. 06 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i06.452

Abstract

With an emphasis on Jakarta, Indonesia, this study examines the relationship between company innovation, community self-reliance, and economic gap reduction and social entrepreneurship success in metropolitan settings. Using a quantitative methodology, 170 participants in the sample shared details about their entrepreneurial endeavors. The measurement model was validated by confirmatory factor analysis, which also confirmed the validity and reliability of the chosen constructs. Significant positive correlations between closing the economic gap, fostering community self-reliance, corporate innovation, and the effectiveness of social entrepreneurship were found using structural equation modeling. The findings were shown to be robust, and the distinctiveness of the constructs was confirmed using discriminant validity analysis and bootstrapping approaches. The model's strong explanatory ability was demonstrated by the R-Square values. The practical implications of the study's findings for policymakers, entrepreneurs, and communities in Jakarta pertain to creating an environment that is favorable for social entrepreneurship.
The Effect of Customer Engagement, Content Personalization, and Trust on Purchasing Decisions in Indonesian E-commerce: A Case Study on the Fashion Industry Suryati Suryati; Efti Novita Sari; Eva Yuniarti Utami
West Science Journal Economic and Entrepreneurship Vol. 1 No. 06 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i06.453

Abstract

An in-depth understanding of the elements influencing consumer behavior is necessary given the constantly changing environment of e-commerce in the Indonesian fashion industry. This study looks into how trust, content personalization, and customer engagement affect consumers' decisions to buy. Using Structural Equation Modeling, a quantitative analysis examines a sample that reflects the heterogeneous consumer base of Indonesian e-commerce. The measuring model demonstrates strong psychometric qualities, and analyses of discriminant validity attest to the latent constructs' uniqueness. Fit indices support the structural equation model's suitability, while regression analysis demonstrates the importance of trust, content personalization, and customer engagement in influencing purchase decisions. Future research directions and their practical implications for enterprises are highlighted.
Analysis of the Influence of Innovative Leadership, Product Development, and Marketing Strategy on Creative Industry Business Growth in Bandung Loso Judijanto; Irwan Suryadi; Eva Yuniarti Utami; Darmawan Listya Cahya
West Science Journal Economic and Entrepreneurship Vol. 1 No. 06 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i06.454

Abstract

This research investigates the intricate dynamics within the creative industry of Bandung City by analyzing the influence of Innovative Leadership, Product Development Strategies, and Marketing Strategies on Business Growth. A sample of 150 creative enterprises was surveyed, and structural equation modeling with partial least squares (SEM-PLS) was employed for quantitative analysis. The measurement model assessment confirmed the reliability and validity of the measurement instruments, while the structural model revealed significant positive relationships between the independent variables and Business Growth. Hypotheses testing supported the influence of Innovative Leadership, Product Development Strategies, and Marketing Strategies on Business Growth. The model fit indices indicated an acceptable fit, and the R-Square values suggested that approximately 60.2% of the variance in Business Growth can be explained by the combined influence of the studied factors. The regression results further confirmed the positive associations between each independent variable and Business Growth. The study contributes valuable insights for practitioners, policymakers, and researchers within the creative industry and concludes with recommendations for future research.
The Impact of Digitalization on Strategic Management: A Bibliometric Analysis of Technology Integration in Strategic Decision Making Loso Judijanto; Moh. Hafidurrahman; Efti Novita Sari; Suriah Hanafi
West Science Journal Economic and Entrepreneurship Vol. 1 No. 06 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i06.455

Abstract

This research conducts a comprehensive bibliometric analysis to explore the impact of digitalization on strategic management, with a specific focus on the integration of technology in strategic decision-making. The analysis spans the years 2002 to 2023, incorporating peer-reviewed articles and conference papers from prominent databases such as Scopus, Web of Science, and PubMed. The study employs citation analysis, co-citation analysis, and keyword analysis to uncover influential works, thematic clusters, and prevalent research themes within the literature. Key findings reveal a steady increase in publications over the past two decades, indicative of the growing scholarly interest in the intersection of digitalization and strategic decision-making. Seminal works, including "Implanting strategic management" by Ansoff et al. and "Strategic Management: Concepts & Cases Competitiveness and Globalization" by Hitt et al., continue to wield substantial influence. Clusters identified through co-citation analysis reflect themes such as digital business, SME strategies, customer-centric approaches, and the integration of artificial intelligence. Keyword analysis underscores the prominence of terms like development, capability, and the digital economy, signifying a comprehensive exploration of the multifaceted nature of digitalization's impact on strategic decision-making. The analysis also highlights evolving research agendas, with a shift towards dynamic capabilities, digital platforms, and customer-centric strategies. This research contributes to the understanding of the current state of research in digitalization and strategic management, offering insights for scholars, practitioners, and policymakers navigating the dynamic landscape of digital transformation.
The Influence of Social Impact, and Product Quality on Sustainable Business Growth in the Textile Industry in Bandung Najdah Thalib; Hotnida Nainggolan; Fuad Gagarin Siregar; Gegga Firyant Firdaus
West Science Journal Economic and Entrepreneurship Vol. 1 No. 06 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i06.456

Abstract

Within the framework of Bandung's textile industry, this study explores the intricate relationships that exist between social effect, product quality, and sustainable economic success. The survey included a sample of 150 companies with a range of product specializations and sizes. Using partial least squares structural equation modeling, measurement model assessment, discriminant validity analysis, and structural model analysis were carried out (PLS-SEM). Product quality, social impact, and sustainable business growth were found to be significantly positively correlated. The results also confirmed discriminant validity among the latent constructs and showed strong reliability and validity of the measurement model. The suggested structural equation model's applicability is highlighted by the model fit evaluation. It can be shown from the R-Square and Adjusted R-Square values that the model can account for almost half of the variation in sustainable business growth. Future research directions are suggested, and implications for corporations and policy makers are examined.
The Impact of Islamic Ethics-Based Leadership on Microenterprise Performance in Indonesia: An Analysis of Financial Inclusion, Business Ethics, and Innovation Loso Judijanto; Sabil Mokodenseho; Ramli Semmawi; Syarifuddin Yusuf
West Science Journal Economic and Entrepreneurship Vol. 1 No. 07 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i07.457

Abstract

In the context of Indonesian microenterprises, this study explores the complex interactions among financial inclusion, business ethics, innovation, and Islamic ethics-based leadership. The study uses a sample of 175 microenterprise owners and managers to investigate the structural links among these factors using a quantitative approach. The results show that Islamic ethics-based leadership, financial inclusion, innovation, and business ethics are significantly and favorably correlated. Innovation has a substantial positive link with Islamic Ethics-Based Leadership, whereas Business Ethics and Financial Inclusion show modest positive relationships. The study's findings advance knowledge of the variables impacting moral leadership in Indonesian microenterprises and have applications for managers and legislators who want to promote moral corporate conduct in the context of Islam.

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