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.
Articles
22 Documents
<![CDATA[Behavioral intention among gen z an analysis of digital banking adaptation factors in Jabodetabek ]]>
<![CDATA[Zea, Diva Akiela Fahlerie]]>;
<![CDATA[Halim, Rizal Edy]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 1 No. 2: (Agustus) 2024 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v1i2.2024.1117
<![CDATA[Background: Many traditional banking arrangements have changed as a result of the financial sector's new technological revolution. One method the company seeks to provide consumers with more value is by delivering digital transformations that are especially designed to match their needs and preferences and that use mobile devices such as cell phones to access banking services. This study aims to examine the effect of performance expectancy and effort expectancy to behavioral intention of adopting digital banking. Method: This study collects data from 243 respondents aged 17 to 27 who live in Jabodetabek area, had experienced to do offline transaction, and have at least one digital bank account. Partial Least Squares Structural Equation Modeling (PLS-SEM) was then used to process the data collected. Findings: The findings of this study shows that shows that effort expectancy has a positive effect on behavioral intention on using digital banking. Meanwhile, performance expectations do not have a significant positive effect on behavioral intention. Conclusion: The results of the research may be used to develop a strategic plan and put recommendations into practice to better understand user intentions to use digital banks.]]>
<![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[Impact of digital knowledge on the adoption of digital marketing in the ron sejahtera women's farmer group, Cemani ]]>
<![CDATA[Suryadi, Didik]]>;
<![CDATA[Suprihatin, Dewi Nawang]]>;
<![CDATA[Seto, Rehino Yanu]]>;
<![CDATA[Pranata, Muhammad Fariz Yoga]]>;
<![CDATA[Hantari, Dimar]]>;
<![CDATA[Rizky, Anditya Gilang]]>;
<![CDATA[Addilah, Aulia]]>;
<![CDATA[Wijayanti, Bela Tri]]>;
<![CDATA[Hidayati, Febry Nur]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 1 No. 2: (Agustus) 2024 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v1i2.2024.1719
<![CDATA[Background: Ron Sejahtera Women Farmers Group (KWT) is an activity in the smallest sphere of society that has fresh and processed agricultural products. These products are difficult to market using traditional methods, so the potential for using digital marketing is wide open. The adoption of digital marketing is important in order to be able to develop broader marketing. The adoption of digital marketing as a form of digital technology development is influenced by knowledge, perceptions of digital marketing, and daily consumer behavior. Methods: This research is an experimental research with 30 respondents located at KWT Ron Sejahtera in Cemani Village. The analysis method uses logit regression to determine the factors that influence the adoption of digital marketing and the t-test to assess the effectiveness of socialization as a form of knowledge addition about the adoption of digital marketing. Finding: The results show that knowledge has an important role in adopting digital marketing with socialization. Socialization significantly increases the knowledge of KWT Ron Sejahtera members. Other factors that influence the adoption of digital marketing in KWT Ron Sejahtera are knowledge about digital marketing, perception towards digital marketing, and participation as a member of KWT Ron Sejahtera. Conclusion: Increasing knowledge through socialization is important to be initiated by the government, private sector, and other stakeholders.]]>
<![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.]]>
<![CDATA[The relationship between social capital and entrepreneurship in Indonesia ]]>
<![CDATA[Djatnika, Ariq Fazlurrahman]]>;
<![CDATA[Handayani, Dwini]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 2: (August) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i02.2025.2205
<![CDATA[Background: Entrepreneurship encompasses a range of components, including passion, attitude, and behavior, which serve as manifestations of calculated risk-taking courage motivated by an individual's personal determination and capabilities. Individuals exhibiting such a disposition are frequently recognized as self-employed individuals or entrepreneurs. Entrepreneurs, by leveraging their ability to recognize commercial opportunities and mobilize resources, play a vital role in fostering economic growth and innovation. Methods: The method used in this study is binary logistic regression involving data from Indonesia Family Life Survey (IFLS) 2014 fifth wave. The study identified three dimentions of social capital that included trust, participation, and cooperativeness. Findings: This is particularly evident in developing economies, where entrepreneurship serves as a key driver of employment and industry expansion. For example, in Indonesia, where Micro, Small, and Medium Enterprises (MSMEs) and self-employed individuals account for a large portion of the economy, the entrepreneurial spirit fuels job creation, enhances productivity, and stimulates market competition. As of recent data, MSMEs contribute to more than 60% of Indonesia's Gross Domestic Product (GDP) and nearly 97% of its total employment. This study aims to analyze the relationship between social capital and entrepreneruship in Indonesia. Conclusion: The result showed that participation dimension of social capital significantly positively associated with entrepreneurship. The result also showed that trust dimension of social capital signicantly negatively associated with entrepreneruship. Additionally, all control variables, including age, gender, marital status, and economic conditions, showed statistically significant relationships with entrepreneurship. Older individuals, women, married individuals, and those with extroverted personalities are more likely to engage in entrepreneurship. Conversely, those living in urban areas and regions with higher gross domestic regional product (GDRP) are less inclined towards entrepreneurial activities, possibly due to alternative employment opportunities. Novelty/Originality of this article: These results underscore the complex role of social capital in entrepreneurship and highlight the importance of policy measures that foster social capital to support entrepreneurial activity in Indonesia.]]>
<![CDATA[The impact of brand awareness, brand image, and brand trust on consumer purchase decisions: Emphasizing awareness and trust as key drivers ]]>
<![CDATA[Fadillah, Alpha Deepny]]>;
<![CDATA[Triatmanto, Boge]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 2: (August) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i02.2025.2230
<![CDATA[Background: In this modern era, the rapid and continuously increasing technological advancements each year have led to increasingly fierce business competition, especially in the gadget retail industry. The tendency of customers to consider both products and brands simultaneously when making purchasing decisions increasingly emphasizes the importance of understanding the factors that influence consumer behavior. Therefore, this study aims to analyze the influence of brand awareness, brand image, and brand trust on purchasing decisions at Tiga Putra Kawi Malang City, in order to provide useful insights for the company in formulating more effective marketing strategies. Methods: This study uses a quantitative method with a survey approach, involving 100 respondents who have shopped at Tiga Putra Kawi Malang City. Data were collected through questionnaires and analyzed using multiple linear regression to test the proposed hypotheses. Findings: The research findings indicate that brand awareness and brand trust have a positive and significant impact on purchasing decisions, while brand image does not have a positive and significant impact. This indicates that brand image is very important to customers. However, in this study, the level of customer awareness and trust in the brand has a greater influence on consumer purchasing decisions. Conclusion: The company needs to place more attention on efforts to increase consumer awareness and trust in the brand to encourage better purchasing decisions. On the other hand, methods for improving brand reputation need to be further evaluated. Novelty/Originality of this article: This study highlights that in the gadget retail industry, brand awareness and brand trust have a stronger influence on consumer purchasing decisions than brand image, offering new insights for marketing strategies.]]>
<![CDATA[Agricultural value chain development for rural economic growth ]]>
<![CDATA[Shakila, Carissa Dian]]>
<![CDATA[ Journal of Entrepreneurial Economics Vol. 2 No. 2: (August) 2025 ]]>
Publisher : <![CDATA[Institute for Advanced Science, Social, and Sustainable Future ]]>
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DOI: 10.61511/jane.v2i2.2025.2299
<![CDATA[Background: This study examines local economic development (LED) strategies in Muktijaya Village, Setu District, Bekasi Regency, Indonesia, with a focus on leveraging the agricultural potential as a key for community empowerment and sustainable growth. The research is grounded in the transformative legal framework established by Law 6/2014 on Villages, which grants villages greater autonomy and emphasizes community participation in development processes. Methods: Utilizing a descriptive qualitative methodology and case study design, the study analyzes secondary data from documentation studies and literature reviews to explore supporting and inhibiting factors, government efforts, and strategic approaches to LED in Muktijaya Village. Findings: Findings indicate that Muktijaya Village has emerged as a significant galangal production center, with a large cultivation area and relatively high productivity. However, the local economy faces persistent challenges, including reliance on conventional farming techniques, limited post-harvest innovation, and restricted market access, which collectively constrain the added value derived from galangal cultivation. Conclusion: The study identifies key indicators for effective LED, such as employment and entrepreneurship opportunities, income improvement, empowerment of micro and small enterprises, partnerships and networking, human resource development, and technology utilization. Drawing on theoretical frameworks from Blakely & Bradshaw and Saragih, the research underscores the importance of comprehensive strategies that integrate yield improvement, processing innovation, and market expansion. Novelty/Originality of this article: The analysis concludes that a holistic approach—combining community empowerment, institutional strengthening, and technological innovation—is essential for enhancing competitiveness, improving livelihoods, and achieving sustainable economic development in Muktijaya Village. The study’s insights are relevant for similar rural contexts seeking to capitalize on local resources and foster inclusive growth through participatory and innovative development strategies.]]>
