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Imam Sujono
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contact@risetpress.com
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INDONESIA
Journal of Business Management and Economic Development
ISSN : -     EISSN : 29869072     DOI : https://doi.org/10.59653/jbmed
Journal of Business Management and Economic Development (JBMED) is an international academic open-access journal that has gained a foothold in Indonesia, Asia and is open to the world. It aims to promote the integration of trade, economics, and finance. The focus is to publish papers on state-of-the-art economics, business and management. Submitted papers will be reviewed by technical committees of the journal and association. The audience includes researchers, managers, and operators for economics, business, and management as well as designers and developers. All submitted articles should report original, previously unpublished research results, experimental or theoretical, and will be peer-reviewed. Articles submitted to the journal should meet these criteria and must not be under consideration for publication elsewhere. Manuscripts should follow the style of the journal and are subject to both review and editing.
Articles 275 Documents
Influence of Blockchain and Artificial Intelligence on Audit Quality: Evidence from Indonesia Wardani, Nadia Amalia; Suryaningrum, Diah Hari
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2173

Abstract

The purpose of this study is to investigate the impact of blockchain technology and artificial intelligence (AI) on audit quality through the participation of auditors from Indonesian Public Accounting Firms (KAP).  The conceptual framework for this study is based on Agency Theory and the Technology Acceptance Model (TAM), which describe how technological advancements might improve auditors' performance and accountability by eliminating knowledge asymmetry between agents and principals.  Primary data from 207 respondents were gathered using a convenience sampling method.  The study used a quantitative research design with a survey disseminated to auditors via structured questionnaires. The SmartPLS 4 software was used to perform data analysis utilizing the Partial Least Squares-Structural Equation Modeling (PLS-SEM) technique.  The findings show that blockchain technology improves audit quality by increasing transparency, correctness, and dependability of audit data via real-time and immutable transaction recording.  Furthermore, artificial intelligence (AI) improves audit quality by supporting auditors in finding abnormalities, assessing risks, and expediting the audit process via automated data analysis.
Green Supply Chain Management Practices for Green Innovation Agwot, Komakech Robert
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2133

Abstract

Green supply chains are a central focus of environmental performance, prompting firms to rapidly adopt Green Supply Chain Management (GSCM) practices to formalize environmental priorities across sourcing, operations, logistics, and recovery. Recent empirical research on the link between GSCM and green innovation has increased but remains somewhat fragmented. This paper presents a supply chain–centered conceptual synthesis of GSCM practices to foster green innovation. It reviews both foundational and recent research, focusing on five key GSCM practices such as green purchasing, supplier collaboration, eco-design, reverse logistics, and internal environmental management, and explains how these practices enable the development of green product, process, and organizational/ managerial innovations. The review shows that green innovation is most convincingly linked to GSCM when practices form a complementary system. Specifically, upstream governance and collaboration generate environmental knowledge; eco-design translates environmental intent into innovation-ready product architectures; reverse logistics supports closed-loop learning and process renewal; and internal environmental management provides cross-functional alignment and governance to sustain innovation. This study contributes to the logistics and supply chain literature by conceptually synthesizing the operation of key GSCM practices as an integrated system to facilitate multi-dimensional green innovation along the supply chain.
Inter-Temporal Growth Dynamics in Nigeria: Leveraging on Domestic Investment, Domestic Savings, Foreign Portfolio Investment, Economic Freedom, and Corruption Agbogun, Oghenekparobo Ernest; Obaro, Victoria Chiamaka; Ezeabasili, Vincent N.; Alajekwu, Udoka Benard
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2144

Abstract

This study investigates the inter-temporal growth dynamics of Nigeria with emphasis on the roles of domestic investment, domestic savings, foreign portfolio investment (FPI), economic freedom, and corruption covering a period of 25 years spanning from 1997 to 2022. Data were sourced from IMF International Financial Statistics (IFS), World Development Indicators-WDI (2022), CBN Bulletin (2022). The empirical study adopted the ARDL model and the TDYL causality test. The ARDL test reported that domestic investment, domestic savings, economic freedom, foreign portfolio investment, corruption exerted negative significant effect on economic growth (ECG) in the short and long run validating the prediction of the sand the wheels theory of corruption. This conformed to the uni-directional causality between CORP and RGDP. The ARDL estimate evidenced that DINV has a positive minimal/insignificant effect on ECG of Nigeria both in the short and long run. Similarly, the TYDL granger causality test confirmed that bi-directional relationship exists between DINV and RGDP. Additionally, domestic savings exerted positive significant effect on ECG in Nigeria both in short and long run. Similarly, the TYDL causality test confirmed that uni-directional causality exist between DSAV and RGDP. Comparably, FPI inflows reported higher positive coefficient value in the long run than in the short run. Similarly, the TYDL granger causality test confirmed that bi-directional causality exist between FPI inflows and RGDP. Again, economic freedom improved ECG in both periods. Similarly, the TYDL granger causality test confirmed that uni-directional causality exist between EFCD and RGDP. Lastly, corruption exerted a significantly negative effect on economic growth in both periods.   Hence, the study concludes that for the Nigerian economy to experience outstanding growth, Nigerian investment must be used for productive purposes and not for personal gains. Lastly, the current domestic savings rate should be sustained. Lastly, the Nigerian government should encourage more inflows of foreign capital into the Nigeria economy since induces growth.
Business Research Methods and Methodology in Practice: Understanding the Advanced SmartPls Path Models in Structural Equation Modeling Adam, Abdul-Kahar
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2189

Abstract

The purpose of this paper is to advocate the use of SmartPLS in scientific research by adopting business methodologies and variables, namely discipline, good governance, and probity. The aim is to present the findings and data analysis using SmartPLS 4.1.1.4 components. The study population comprised 187 students in the Level 300 HRM class, and a sample size of 126 was determined using Krejcie and Morgan's (1970) formula. The results were based on factor loadings, discriminant validity, composite reliability, and collinearity statistics. The findings indicate that the outer loadings with appropriate p-values indicate that the majority of the factors are significantly loaded. But it is not a surprise that 1a. <- Good Governance, 1c. <- Good Governance, and 2a. <- Control of Corruption is not significantly loaded because it means that there are certain effects that affect Good Governance and the control of corruption. Responsibility and Discipline failed the discriminant validity test, indicating that the Follow Responsibility factor and the Discipline variable were not in agreement with the measurement, implying that certain factors affect this variable-factor relationship. SmartPLS 4.1.1.4 App was used to run the data.
Factors Affecting Private Economic Development in the Context of Economic Institutional Reform in Vietnam: An Empirical Study Trung, Phan Nhan
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2217

Abstract

This study investigates the key factors influencing private economic development (PED) within the context of ongoing economic institutional reform in Vietnam. Grounded in New Institutional Economics, the Resource-Based View, Dynamic Capabilities Theory, and Human Capital Theory, the research proposes and empirically tests a comprehensive framework comprising seven determinants: Institutional Environment (IE), Access to Finance (AF), Digital Transformation (DT), Human Capital Quality (HC), Government Support Policies (GS), Market Competition (MC), and Innovation Capacity (IC). A structured questionnaire was administered to 358 private enterprises across Ho Chi Minh City, Hanoi, Da Nang, and Can Tho, Vietnam. Data analysis was conducted using SPSS 26.0, employing Cronbach's Alpha reliability testing, Exploratory Factor Analysis (EFA), Pearson correlation, and multiple linear regression. The results reveal that six of the seven hypothesized factors significantly and positively affect PED, with Digital Transformation exhibiting the strongest influence (β  = 0.241, p < 0.001), followed by Access to Finance (β  = 0.203), Innovation Capacity (β = 0.196), Institutional Environment (β  = 0.187), Human Capital Quality (β  = 0.168), and Government Support Policies (β  = 0.152). Market Competition was not statistically significant. The model explains 68.3% of the variance in PED (Adjusted R² = 0.677). These findings provide critical evidence for policymakers to prioritize digital infrastructure, financial accessibility, and innovation ecosystems in fostering sustainable private sector growth in Vietnam.
Integrating Religiosity into the UTAUT Framework: Explaining Muslim Youth’s Intention to Adopt Digital Cash Waqf Nuradi, Nuradi; Tanjung, Hendri; Huda, Nurul; Supriyanto, Trisiladi
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2308

Abstract

This research investigates the intention of Millennials and Generation Z in Indonesia to engage in digital cash waqf by integrating technology acceptance determinants with religiosity. The study adopts a quantitative research design. Data were obtained from Muslim respondents in the Millennial and Generation Z cohorts and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) to examine relationships among UTAUT dimensions, religiosity, and adoption intention. The empirical findings demonstrate that performance expectancy, social influence, and facilitating conditions positively and significantly influence individuals' intention to adopt digital cash waqf. In contrast, effort expectancy does not show a statistically significant effect. Religiosity has a direct and significant impact on adoption intention and serves as a selective moderating variable, strengthening the relationship between performance expectancy and intention. By incorporating religiosity as both an explanatory and moderating factor, this study extends the UTAUT framework within the context of value-oriented Islamic philanthropy. The results suggest that digital waqf platforms should prioritize tangible benefits, robust governance, and transparency, while also leveraging religious values and social networks to enhance adoption among younger Muslim generations.
Unpacking the Empowerment Impact of Zakat Microcapital Programs: The Role of Entrepreneurial Character Khatimah, Husnul; Ayuniyyah, Qurroh; Pasaribu, Popy Novita; Nurhayati, Immas
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2313

Abstract

This study examines the role of entrepreneurial character in shaping the economic empowerment of mentees participating in productive zakat programs. While many empowerment initiatives focus primarily on financial assistance, recent development literature emphasizes the importance of behavioral transformation in achieving sustainable economic outcomes. This research aims to empirically test whether entrepreneurial character functions as a key mechanism linking economic assistance to empowerment within the context of Islamic social finance. The study employs a quantitative explanatory design using cross-sectional survey data collected from 365 mentees participating in productive zakat programs administered by the National Zakat Agency of Indonesia (BAZNAS). Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to examine the relationship between entrepreneurial character and economic empowerment. The results reveal a strong and statistically significant positive effect of entrepreneurial character on economic empowerment (β = 0.763, p < 0.001). The model demonstrates substantial explanatory power (R² = 0.582) and strong predictive relevance, indicating that behavioral attributes such as persistence, opportunity orientation, and proactive action play a crucial role in sustaining economic independence among beneficiaries. These findings reinforce the behavioral empowerment perspective, suggesting that empowerment outcomes depend not only on access to capital but also on the development of internal capacities. The study contributes to the integration of entrepreneurship theory and Islamic social finance by demonstrating that productive zakat programs can serve as institutional mechanisms to cultivate entrepreneurial agency among beneficiaries. Practically, the findings highlight the importance of mentoring and character development in designing effective zakat-based empowerment programs.
A Contextual Financial Risk Management Model for Tourism-Based MSMEs: Evidence from Carita Beach Saefullah, Aep; Rifia, Tetty Nur Intan; Nurdin, Nurdin; Zulkarnain, Nizar; Suharjana, I Dewa Ketut
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2324

Abstract

Tourism-based micro, small, and medium enterprises (MSMEs) play a crucial role in supporting local economic activities; however, they are highly exposed to financial risks due to fluctuations in tourist arrivals, weather uncertainty, and the seasonal nature of tourism destinations. This study aims to identify the types of financial risks faced by tourism-based MSMEs, examine their impact on business sustainability, and develop a practical financial risk management model suited to small-scale enterprises. A qualitative descriptive approach was employed, with data collected through in-depth interviews, direct observations, and field studies conducted during an edu-tourism program in the Carita Beach area from 1–17 December 2025. The findings reveal that the main financial risks include revenue risk, operational cost risk, and cash flow and liquidity risk. Among these, revenue instability and cash flow constraints are the most significant factors affecting business continuity, particularly during periods of declining tourist activity. MSME actors tend to manage these risks through informal, experience-based strategies such as adjusting production levels, reducing operational expenses, and relying on short-term financial coping mechanisms. This study contributes by proposing a simplified and context-based financial risk management model that aligns with the operational realities of tourism MSMEs. The model emphasizes practical risk identification, prioritization, and adaptive mitigation strategies that can be implemented without requiring complex financial systems. The findings provide implications for policymakers and practitioners in designing more inclusive and applicable financial support and risk management frameworks for tourism-based MSMEs.
The Role of Financial Literacy, Access to Capital, and Digital Transformation to Improve Performance of SMEs in Semi-Urban Areas Nurfauzi, Yogi; Wafi, Inngamul; Almunawaroh, Tri; Pamuji, Slamet
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2336

Abstract

Micro, small, and medium enterprises (SMEs) play a crucial role in strengthening regional economic resilience, particularly in semi-urban areas where formal employment opportunities and industrial growth remain relatively limited. Despite their strategic contribution, many SMEs continue to face performance constraints due to limited financial capacity, limited access to external financing, and slow adoption of digital technologies. This study aims to examine the influence of financial literacy, access to capital, and digital transformation on SMEs performance. A quantitative explanatory approach was employed, collecting primary data through structured questionnaires distributed to 80 MSME owners in Majenang District. The research utilized Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze both measurement and structural relationships among variables. The findings reveal that financial literacy significantly improves SMEs performance by enhancing financial planning, budgeting, and decision-making abilities. Access to capital also shows a positive effect, indicating that adequate funding enables business expansion and operational stability. Furthermore, digital transformation demonstrates the strongest influence on performance, suggesting that technology adoption enhances efficiency, innovation, and market reach. The structural model explains 57% of the variance in SMEs performance, reflecting moderate predictive accuracy. These findings highlight the importance of integrated policy interventions focusing on financial education, inclusive financing, and digital capacity development to ensure sustainable MSME growth in semi-urban economies. This study contributes by providing empirical evidence on the integrated role of financial literacy, access to capital, and digital transformation in improving SME performance in semi-urban areas. The findings also highlight the need for integrated strategies in financial education, inclusive financing, and digital capacity development to support sustainable SME growth and competitiveness.
Innovation Capability as A Mediator in The Relationship Between Learning Orientation and The Performance of Batik SMEs Rokhman, M. Taufiq Noor; Ratnawati, Ratnawati
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2282

Abstract

This study aims to analyze the role of innovation capability as a mediating variable in the effect of learning orientation on MSME performance, developed within a single model and explained by Resource-Based Theory as the main theoretical framework. The population of this study consists of batik MSME actors in the city of Surakarta, Central Java, totaling 459 MSMEs. The sample size was determined using a sample size calculator application through the website raosoft.com, resulting in 210 MSME actors. Furthermore, the sampling technique used was Simple Random Sampling, and the analysis technique employed was Partial Least Squares (PLS). PLS is a structural equation modeling (SEM) approach. The results of the study show that learning orientation has a significant effect on MSME performance and innovation capability. Meanwhile, innovation capability has a significant effect on MSME performance. Innovation capability is also able to mediate the influence of learning orientation on MSME performance. Theoretically, these findings strengthen the knowledge-based view perspective, which emphasizes that learning orientation is a strategic resource capable of improving business performance. Local governments in Central Java need to provide support that is not only in the form of basic training, but also in strengthening the innovation ecosystem through mentoring, access to technology, and facilitating collaboration.