cover
Contact Name
Imam Sujono
Contact Email
imamsujono.shi@gmail.com
Phone
+6281332486201
Journal Mail Official
contact@risetpress.com
Editorial Address
Jl. Raya Pagu, Kecamatan Wates, Kabupaten Kediri, Provinsi Jawa Timur 64174, Indonesia
Location
Kab. kediri,
Jawa timur
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 All submitted articles should report original, previously unpublished research results, experimental or theoretical, and will be peer-reviewed.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 272 Documents
Street Markets at the Crossroads of Consumption and Climate Change: A Comparative Study of Informal Urban Economies in Brazil and Africa Farag, Mohamed Ibrahim Hassan; Alves, Ana Elisabeth de Brito
Journal of Business Management and Economic Development Том 4 № 02 (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.v4i02.2298

Abstract

This study examines the intersection of street markets, consumption practices, and climate change within informal urban economies in Brazil and African cities. Street markets play a crucial role in food provisioning, income generation, and social interaction in urban contexts, particularly for low- and middle-income households. However, they are increasingly vulnerable to climate change impacts, such as rising temperatures, flooding, and extreme weather events, which disrupt market operations, food supply chains, and consumption patterns. This comparative qualitative study explores how climate stress reshapes informal market dynamics, focusing on vendor adaptation strategies, consumer behavior, and the role of informal governance in mitigating climate-related disruptions. By analyzing the lived experiences of street vendors and consumers across selected cities in Brazil and Africa, the study reveals shared vulnerabilities and context-specific adaptation strategies. The findings highlight that street markets are not passive victims of climate stress but active sites of resilience, where vendors and consumers employ everyday practices and social networks to adapt. This research contributes to the broader understanding of urban resilience and climate adaptation in informal economies, offering insights for policymakers to support climate-sensitive, inclusive interventions in informal urban spaces.
Labor Absorption Dynamics in the Furniture Industry: Development Furniture Business and Employment Opportunities Pasalbessy, Victor F. F. D.; Parera , Jemy Ricardo
Journal of Business Management and Economic Development Том 4 № 02 (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.v4i02.2302

Abstract

The furniture industry is one of the small and medium-sized industrial sectors that has significant potential in creating employment opportunities, especially in urban areas facing limited formal employment opportunities. In Jayapura City, the development of the furniture business has played a significant role in absorbing local labor, but this dynamic has taken place in an unstable situation due to fluctuations in market demand, limited capital, raw materials, and production technology. This study aims to analyze the dynamics of labor absorption in the furniture industry in Jayapura City, identify the factors that influence it, examine the strategies of business actors in increasing employment opportunities, and understand the relationship between the development of the furniture business and employment opportunities for the local community. This study uses a qualitative approach with a multiple-case study design. Data were collected through semi-structured in-depth interviews, field observations, and supporting documents from furniture business actors, workers, and related informants selected purposively. Data were analyzed using reflexive thematic analysis through the stages of coding, theme development, and meaning interpretation. The results show that labor absorption in the furniture industry in Jayapura City is fluctuating, not linear with business growth, and is greatly influenced by order-based production patterns. Local labor is an important potential, but still faces obstacles in terms of skills, discipline, and job sustainability. Amidst limited resources, business actors developed adaptive strategies through the use of core teams, project-based additional workers, informal training, product diversification, and utilization of customer social networks. These findings confirm that labor absorption in the furniture industry needs to be understood as a contextual socio-economic process, so that strengthening this sector requires support in terms of working capital, access to raw materials, skills development, and strengthening the local small business ecosystem. This study contributes to the literature on informal labor economics and small business development by offering a contextual understanding of employment dynamics in peripheral urban areas, while providing practical implications for local government policies aimed at promoting inclusive economic growth through the empowerment of small and medium-sized enterprises.
Commissioner Size and Return on Asset: Efficiency as A Moderator Simbolon, Ramadona; Elviani, Sri
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.v4i01.2309

Abstract

The objective of this study is to investigate the impact of the number of commissioners (UDK) and independent commissioners (KOMID) on Return on Assets (ROA), and empirically examine the role of the Operating Expense to Operating Revenue (BOPO) ratio as a moderator variable. The population of this research is state-owned companies (BUMN) that have established a holding. The sampling process was conducted using the purposive sampling technique, in which selected SOEs that had been operating for at least one year since the holding company’s establishment were selected, resulting in a sample of 52 firms. Data were analyzed using the Moderated Regression Analysis (MRA) technique with interaction testing. Findings of the present study confirm that BOPO serves as a moderating variable in the relationship between commissioner governance and Return on Asset (ROA), although there is no statistically significant direct relationship between UDK, KOMID, and BOPO and ROA. However, this study seeks to address limitations in corporate governance research by using BOPO as a moderator variable. The emphasis on BUMN Holding firms is also a useful contribution, given that very few empirical studies have specifically addressed these strategic companies in the context of governance and operating performance. SOE governance reform is underscored both by a greater number of independent commissioners and by substantially enhanced roles. Structural reform must be followed by the refinement of processes, organizational culture, and genuine accountability in decision-making to achieve increasingly sustainable financial performance in the BUMN sector.
Do Leadership, Career Progression, Compensation, and Burn-out Moderated by Work Motivation Affect Employee Performance in Digital Companies? Suprapto, Hugo Aries; Setyastanto, Albertus Maria; Widiyarto, Sigit; Poon, Yuan-Sheng Ryan
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.v4i01.2311

Abstract

This study examines how leadership, compensation, career progression, and burn-out—conditional on work motivation—affect employee performance in digital companies. Effective leadership, fair compensation, transparent career progression, and proactive burnout management—conditioned by employees’ intrinsic and extrinsic work motivation—collectively drive engagement, productivity, creativity, teamwork, well-being, retention, efficiency, and organizational performance in digital companies long term growth. A quantitative approach was used with questionnaires and company documentation collected from 213 employees across four digital firms in Jakarta between January and April 2024. Data were analyzed using SEM-PLS. the result was leadership positively and significantly improves employee performance. Compensation is negatively associated with, indicating higher pay alone did not translate into better performance. Career progression positively and significantly enhances performance. Burn-out showed a positive association with reported performance, suggesting possible short-term productivity despite wellbeing costs. Work motivation has a positive direct effect on performance. As a moderator, work motivation weakens the effects of leadership and compensation on performance, while it strengthens the effects of career progression and digital learning . All reported effects are statistically significant.
Effect of Return on Assets and Capital Adequacy Ratio on Changes in Stock Prices Gunardi, Gunardi; Hatimatunnisani, Hani; Azizah, Nur; Kesumah, Priatna; Fauzany, Riffka
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.v4i01.2335

Abstract

This study aims to analyze the effect of Return on Assets (ROA) and Capital Adequacy Ratio (CAR) on stock price changes at Bank Mandiri for the period 2010–2023. The method used is a quantitative approach with a causal associative design. The data used are secondary data in the form of annual financial reports and stock price data obtained from the Indonesia Stock Exchange. The analysis technique used is multiple linear regression, supported by the classical assumption test, t-test, F-test, and coefficient of determination (R²). The results show that partially, ROA has no significant effect on stock price changes, nor does CAR show a significant effect. Simultaneously, ROA and CAR also have no significant effect on stock price changes. The low coefficient of determination indicates that most stock price variations are influenced by factors outside the research model, such as macroeconomic conditions, government policies, and market sentiment. This study's contribution implies that fundamental indicators such as ROA and CAR are not always the primary determinants of stock price movements, particularly in the banking sector. This study also emphasizes the importance of considering external factors and investor psychology in investment analysis. The practical implication is that investors are advised not to rely solely on financial ratios, but also to pay attention to broader market dynamics when making investment decisions.
Artificial Intelligence Adoption and Generation Z Work Adaptation Sidjabat, Sonya; Tjiwidjaja, Halim; Ramdhan, Muhammad; Sutariyono, Sutariyono
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.v4i01.2343

Abstract

The rapid development of artificial intelligence (AI) has significantly transformed workplace practices and employee work patterns. This study aims to analyze the relationship between AI adoption and Generation Z work adaptation in workplaces in Cianjur Regency. The research focuses on how AI implementation influences employee adaptation, organizational support, digital work culture, and work performance. A quantitative research approach was employed using survey data collected from Generation Z employees working in various organizations in Cianjur Regency. The data were analyzed using statistical techniques to examine the relationship between AI adoption, work adaptation, and employee performance. The findings indicate that Generation Z employees demonstrate a high level of adaptability to AI-based work environments due to their familiarity with digital technologies and openness to technological innovation. AI adoption was found to enhance work efficiency, facilitate information processing, and support data-driven decision-making. In addition, organizational support and a supportive digital work culture play an important role in strengthening employees’ ability to integrate AI tools into their daily work activities. The study also reveals that AI adoption positively influences employee work performance and contributes to improved productivity and workplace effectiveness. These findings highlight the importance of strengthening digital competencies and organizational support systems to optimize AI implementation and support sustainable workforce development in regional workplaces.
Impact of Intra-Organizational Environmental Characteristics on Entrepreneurial Marketing Intensity and Performance in the Family Business Aqwila, Daniella Claudia; Herdinata, Christian; Dewi, Liliana
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.v4i01.2346

Abstract

Family businesses constitute a dominant force in emerging economies, yet many struggle to sustain competitiveness due to limitations in adaptive marketing capabilities and internal organizational alignment. While entrepreneurial marketing (EM) has been widely recognized as a strategic response to dynamic and uncertain environments, empirical understanding of how intra-organizational factors shape its intensity and outcomes, particularly within family firms, remains limited. Addressing this gap, this study develops and empirically tests a model linking intra-organizational environmental characteristics to entrepreneurial marketing intensity (EMI), and subsequently to organizational performance and competitive advantage in family businesses. Drawing on a quantitative research design, data were collected from 231 Indonesian family firms operating for at least three years and affiliated with the Ciputra University Family Business community. Using Partial Least Squares Structural Equation Modeling (PLS-SEM), this study examines the effects of cooperative competency, governance and administrative mechanisms, institutional support, planning flexibility, planning horizon, and locus of planning on EMI. The results reveal that cooperative competency, deep locus of planning, governance and administrative mechanisms, and institutional support exert strong and significant positive effects on EMI. In contrast, planning flexibility and planning horizon do not significantly enhance EMI, suggesting that excessive emphasis on flexibility or long-term planning may constrain entrepreneurial responsiveness in family firms. Furthermore, EMI demonstrates a robust and positive impact on both organizational performance and competitive advantage. This study advances the entrepreneurial marketing literature by offering a nuanced, context-specific explanation of how internal organizational conditions enable or inhibit marketing-driven entrepreneurship in family businesses. The findings challenge conventional assumptions regarding planning flexibility and extend EM theory beyond its traditional focus on SMEs by emphasizing the unique structural and cultural dynamics of family firms. Practically, the study provides actionable insights for family business leaders to strengthen internal coordination, governance, and institutional alignment in order to leverage EMI as a strategic driver of sustained performance and competitive positioning in volatile markets.
Effects of Financial Literacy and Digital Capital Access on MSMEs Financial Performance Yatimin, Yatimin; Priharta, Andry; Musharianto, Adi; Budiasih, Yanti
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.v4i01.2353

Abstract

This study aims to examine the effects of financial literacy and access to digital capital on the financial performance of micro, small, and medium enterprises (MSMEs) amid the increasing digitalization of financial services. Using a quantitative explanatory design, data were collected from MSME owners adopting digital financial services and analyzed using Structural Equation Modelling–Partial Least Squares (SEM-PLS). The results show that financial literacy has a positive and significant effect on MSME financial performance, indicating its important role in improving financial decision-making and business sustainability. Digital capital access also significantly enhances financial performance by improving liquidity and reducing financing constraints. Furthermore, the findings reveal that financial literacy and access to digital capital serve as complementary drivers of MSME performance. This study contributes to the literature by integrating financial literacy and digital capital access into a unified analytical framework in the digital finance context and provides practical implications for policymakers, financial institutions, and MSME actors to promote inclusive digital financial ecosystems and sustainable MSME growth.
Factors that Influence Continuance Intentions Paying Personal Loans for Working Adults Hilmiyah, Nurul; Rahman, Aisyah Abdul; Noor, Laili Savitri; Hubbansyah, Aulia Keiko
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.v4i01.2359

Abstract

The rapid growth of financial technology in Indonesia, particularly in the online lending sector, has significantly enhanced financial inclusion. However, this expansion is accompanied by a critical challenge: a rising non-performing loan (NPL) rate, which reached 7% in 2023—substantially exceeding the regulatory threshold of 3%. This study aims to examine the behavioral and psychological determinants of personal loan repayment intention among working adults. Using a quantitative, purposive sampling approach, data were collected from 340 respondents and analyzed using ordinary least squares (OLS). The findings reveal that financial literacy, financial self-efficacy, subjective norms, and attitudes positively influence repayment intention, whereas financial stress negatively influences it. Furthermore, the study uncovers important indirect mechanisms: financial literacy enhances repayment intention through improved self-efficacy and positive attitudes, while simultaneously reducing financial stress. This study contributes to the literature by integrating financial capability (literacy and self-efficacy), psychological stress, and social influence within the Theory of Planned Behavior framework to explain repayment behavior in the fintech lending context—an area that remains underexplored in emerging economies. From a practical perspective, the findings imply that fintech platforms and regulators should prioritize financial education programs, behavior-based credit assessment, and social reinforcement mechanisms to improve repayment performance and reduce default risk. Strengthening borrowers’ financial capability and psychological resilience is essential to ensure the sustainability of the digital lending ecosystem and maintain public trust in financial technology.
Moderating Role of Financial Resilience: Relationship Between Financial Behavior and Well-being Rahmah, Wahyuni; Pratama, Muhammad Faried; Baheri, Jusbair
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.v4i01.2367

Abstract

The increasing complexity of financial demands faced by working millennials calls for a more comprehensive understanding of the factors influencing financial well-being, particularly in Kendari City. This study aims to analyze the effects of interpersonal influence, financial self-efficacy, and financial awareness on financial well-being, with financial behavior serving as a mediating variable and financial resilience as a moderating variable. Data were collected through structured questionnaires administered to 289 working millennials who earn their own income. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that interpersonal influence, financial self-efficacy, and financial awareness have a significant effect on financial behavior. Furthermore, financial behavior and financial resilience significantly influence financial well-being. Financial behavior has been shown to mediate the relationships among interpersonal influence, financial self-efficacy, financial awareness, and financial well-being. In addition, financial resilience strengthens the relationship between financial behavior and financial well-being, acting as a protective resource in facing economic pressures.