Journal of Entrepreneurial Economics
Journal of Enterpreneurial Economic (JANE) is a leading peer-reviewed and open-access journal, published by Institute for Advanced Social, Science, and Sustainable Future (IASSSF), Jakarta, Indonesia, with e-ISSN: 3048-0213. JANE is published twice a year (February and August), and all articles published are available online with open access. Aims: JANE aims to publish scholarly works that advance knowledge in the field of entrepreneurial economics and interdisciplinary research related to it. The journal focuses on research exploring the complex interactions between economic systems, entrepreneurship, societal behaviors, and the environment. JANE seeks to provide insights into strategies, policies, and practices that support sustainable development goals and societal well-being. Focus: JANE focuses on disseminating research that delves into the dynamic relationships between entrepreneurship, economic systems, and sustainable development. The journal emphasizes studies that integrate diverse methodologies and perspectives to understand how entrepreneurial activities drive economic progress, influence societal change, and contribute to environmental sustainability. By highlighting interdisciplinary research, JANE aims to offer comprehensive insights into strategies and practices that address contemporary economic and social challenges. Scope: This journal seeks to publish a broad range of scholarly articles, including: 1. Entrepreneurship and Innovation: Exploring the role of entrepreneurship in economic development, innovation strategies, startup ecosystems, and the impact of entrepreneurship on societal change. 2. Sustainable Development: Research on the relationship between entrepreneurship and sustainable development, including studies on green businesses, sustainable practices, and the role of entrepreneurship in achieving environmental sustainability. 3. Economic Systems and Policies: Analysis of economic systems, policies, and their impact on entrepreneurship, with a focus on how these elements influence economic growth, job creation, and societal well-being. 4. Social and Cultural Dimensions of Entrepreneurship: Examining the influence of cultural practices, societal behaviors, and social norms on entrepreneurship, as well as the role of social entrepreneurship in addressing societal challenges. 5. Human-Environment Interactions: Investigating the interactions between humans and the environment, including how economic activities, cultural practices, and societal behaviors affect environmental dynamics. 6. Policy Relevance: Contributions that provide insights and recommendations for policymakers, practitioners, and stakeholders involved in addressing entrepreneurial, social, and environmental issues. 7. Interdisciplinary and Multidisciplinary Approaches: Encouraging diverse methodologies and theoretical frameworks that draw on various disciplines within the social sciences, fostering inclusivity and equity in scholarly discourse.
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<![CDATA[Analysis of factors affecting regional financial independence in primary leading sector districts ]]>
<![CDATA[Latipah, Siti Lailatul]]>;
<![CDATA[Hady Sutjipto]]>;
<![CDATA[Ginanjar, Rah Adi Fahmi]]>;
<![CDATA[Setyadi, Sugeng]]>;
<![CDATA[Didu, Saharuddin]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i1.2025.1432
<![CDATA[Background: Regional autonomy has been implemented for more than two decades, but local governments can still not manage their local finances independently. Problems that occur in the implementation of regional autonomy can occur from within and outside the country. Domestic conditions indicate that people want openness and independence, while foreign conditions indicate that the increasing progress of globalization demands the competitiveness of each country, including the competitiveness of local governments. Methods: This study uses panel data consisting of time series data from 2018 - 2022 and cross-section data on 140 districts in Indonesia that have primary leading sectors. The analysis method is the Generalized Method of Moments (GMM) method with the System Generalized Method of Moments approach to address endogeneity problems and dynamic economic correlations. Findings: The results of this study indicate that the primary output variable and tax ratio have a positive and significant effect on regional financial independence. In contrast, natural resource revenue-sharing funds and general allocation funds have a negative and significant effect. Meanwhile, the special allocation fund variable does not affect regional financial independence. Conclusion: This study concludes that enhancing primary output and optimizing tax ratios are crucial for improving regional financial independence. However, reliance on revenue-sharing funds and general allocation funds can hinder financial autonomy. Policy implications suggest the need for local governments to strengthen their economic base and reduce dependency on central government transfers to achieve greater fiscal independence. Novelty/Originality of this Article: This study provides a novel approach to analyzing regional financial independence by utilizing the System Generalized Method of Moments (GMM) to address dynamic economic correlations and endogeneity issues. ]]>
<![CDATA[Enhancing quality management in Indonesia's flexible packaging industry: A six sigma approach to defect reduction and cost savings ]]>
<![CDATA[Keanoubie, Muhammad]]>;
<![CDATA[Kusumastuti, Ratih Dyah]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i1.2025.1726
<![CDATA[Background: The flexible packaging industry is experiencing significant growth, requiring companies to improve efficiency by reducing defects and minimizing the cost of poor quality (COPQ). Effective quality control is crucial to maintaining competitiveness and reducing waste. This study focuses on assessing and improving quality control in an Indonesian flexible packaging company, XYZ, using the Six Sigma methodology. Methods: The research adopts the Six Sigma DMAIC (Define, Measure, Analyze, Improve, Control) approach to identify defects and propose solutions. Data collection includes statistical analysis, historical records, and interviews with company sources. The study specifically examines defects in the printing process, which accounts for 79% of total defects based on the 80/20 principle. The Failure Mode and Effects Analysis (FMEA) model is applied to identify root causes and develop recommendations for improvement. Findings: The study identifies multiple factors contributing to printing defects, such as register shifting, film scratching, color inconsistencies, ink transfer issues, and ink spots. Operator performance and machine-related issues are found to be the dominant causes of defects. Implementing the recommended quality control improvements can potentially reduce defect-related costs by 48%, translating to estimated cost savings of IDR 114,734,847 during the study period. Conclusion: This research confirms the effectiveness of Six Sigma in reducing defects and improving production efficiency in the flexible packaging industry. However, limitations include restricted access to ERP data, reliance on interviews and historical records, and the inability to evaluate the implementation of control measures. Novelty/Originality of this article: This study contributes to the literature by applying Six Sigma in a flexible packaging industry context in Indonesia, demonstrating its potential for substantial cost savings. Unlike previous studies, it emphasizes the human factor in quality control and suggests a systematic approach to defect reduction.]]>
<![CDATA[Cost and benefit analysis of waste management at Rawa Kucing landfill with the refuse-derived fuel (RDF) method ]]>
<![CDATA[Sari, Pepy Hapita]]>;
<![CDATA[Zahra, Nabila Fathia]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i1.2025.1780
<![CDATA[Background: This study addresses the complex challenges of waste management at Indonesia's Rawa Kucing landfill, highlighting the need for sustainable solutions such as Refuse- Derived Fuel RDF) to reduce reliance on landfills and address gas emissions. Ineffective waste management, environmental pollution, and limited infrastructure reinforce the urgency for methods that can effectively reduce waste volumes and promote renewable energy. This study aims to evaluate the feasibility of RDF in waste management by assessing the economic, environmental, and health benefits. Methods: Using circular economy theory and cost- benefit analysis (CBA), RDF was assessed for its potential in carbon reduction, renewable energy production, and sustainability. Findings: Findings show significant benefits of the RDF in reducing waste in landfills, improving management efficiency, and providing alternative energy sources. Economic benefits, such as revenue from RDF sales, and environmental benefits in the form of reduced greenhouse gas emissions are particularly important. addition, RDF can reduce health risks by lowering pollution from well-managed waste piles. RDF is proven to be an effective and economically beneficial waste management alternative to conventional methods. Conclusions: This study recommends expanding the adoption of RDF in various landfills in Indonesia as well as increasing public awareness on the benefits of RDF. Novelty/Originality of this Article: This research offers a novel approach by combining circular economy theory with cost-benefit analysis (CBA) to evaluate the multiple benefits of RDF, not only in waste reduction and energy production, but also in improving public health. ]]>
<![CDATA[The influence of islamic financial literacy on students’ interest in investing in the islamic capital market with the use of the Islamic online trading system as an intervening variable ]]>
<![CDATA[Diyah, Berliany Sulingga Caesar Mustikaning]]>;
<![CDATA[Sholikha, Akhris Fuadatis]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i1.2025.1797
<![CDATA[Background: The rapid advancement of technology has significantly influenced financial literacy and infrastructure, which are essential for effective financial management. Technological progress has also reshaped investor behavior in managing investment portfolios. Islamic financial literacy plays a crucial role in shaping students’ interest in investment. Additionally, the Islamic online trading system serves as an essential platform that facilitates investment activities. Previous studies have emphasized the importance of financial literacy in investment decisions, but there is a need to examine how Islamic financial literacy interacts with online trading platforms in influencing students’ investment interest. Methods: This study employs a quantitative research approach. The sample was selected using incidental sampling, and data were collected through questionnaires. The data were analyzed using path analysis to determine the direct and indirect effects of Islamic financial literacy on students' investment interest, with the Islamic online trading system as a mediating variable. Findings: The findings indicate that Islamic financial literacy significantly influences the use of the Islamic online trading system. Furthermore, Islamic financial literacy has a direct and significant effect on students' investment interest. The results also show that the use of the Islamic online trading system significantly impacts students’ interest in investing in the Islamic capital market. Additionally, the study confirms that Islamic financial literacy indirectly affects investment interest through the mediating role of the Islamic online trading system. Conclusion: Islamic financial literacy is a critical factor that enhances students' interest in investing in the Islamic capital market, both directly and through the use of the Islamic online trading system. These findings highlight the importance of integrating financial education and digital platforms to foster greater participation in Sharia-compliant investments. Novelty/Originality of this article: This study contributes to the existing literature by examining the mediating role of the Islamic online trading system in the relationship between Islamic financial literacy and students’ investment interest. The findings provide new insights into the impact of digital financial platforms on investment behavior, particularly within the context of Islamic finance.]]>
<![CDATA[The effect of brand’s official instagram account toward offline purchase intention: study in high and low involvement product ]]>
<![CDATA[Subagio, Ratih Anjani]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i1.2025.1874
<![CDATA[Background: The increasing use of social media by businesses has transformed how companies interact with consumers. Companies leverage social media content to engage with their audience, influencing their perceptions and purchasing decisions. This study applies the Stimulus-Organism-Response (S-O-R) theory, where social media factors such as content quality and brand interactivity act as stimuli (S), triggering emotional and cognitive reactions—hedonic and utilitarian motives—which lead to consumer engagement (O) and ultimately drive brand awareness and offline purchase intention (R). Methods: The study employs structural equation modeling (SEM) to analyze data collected from 797 respondents. A multi-group analysis is conducted based on product involvement levels, distinguishing between high-involvement and low-involvement products. Findings: Content quality and brand interactivity positively influence hedonic and utilitarian motives. However, brand interactivity does not significantly affect utilitarian motives. Hedonic and utilitarian motives enhance consumer engagement with the brand, which in turn strengthens brand awareness on social media. Increased consumer engagement and brand awareness on social media lead to higher offline purchase intention. Consumer behavior differs between high-involvement and low-involvement products, affecting how content quality and brand interactivity drive hedonic and utilitarian motivations. Conclusion: The study confirms the applicability of S-O-R theory in social media marketing, emphasizing the role of content quality and brand interactivity in shaping consumer engagement and purchasing behavior. The findings suggest that brands should actively utilize official social media accounts to bridge the online-offline gap in retail, helping consumers fulfill both hedonic and utilitarian needs before making offline purchases. Novelty/Originality of this article: This study extends the S-O-R theory into the context of social media marketing, providing new insights into how content quality and brand interactivity influence consumer motives, engagement, and purchasing behavior. Additionally, the multi-group analysis highlights differences in consumer responses based on product involvement levels, offering valuable strategic implications for businesses optimizing their social media presence.]]>
