West Science Journal Economic and Entrepreneurship
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.
ESG Strategies and Innovation Capabilities in Strengthening Corporate Performance in Indonesian Public Companies
This study examines the influence of Environmental, Social, and Governance (ESG) strategies and innovation capabilities on corporate performance among Indonesian public companies. The increasing emphasis on sustainability and innovation has encouraged organizations to adopt responsible business practices while continuously enhancing their capacity to develop new products, services, and processes. This research employs a quantitative approach using a survey method. Data were collected from 125 respondents representing managerial and professional employees working in Indonesian public companies. The variables were measured using a five-point Likert scale, and data were analyzed using Statistical Package for the Social Sciences (SPSS) version 25. The analytical procedures included descriptive statistics, validity and reliability testing, classical assumption testing, multiple regression analysis, and hypothesis testing. The findings reveal that ESG strategies have a positive and significant effect on corporate performance, indicating that organizations implementing stronger environmental, social, and governance practices tend to achieve superior performance outcomes. Innovation capabilities also demonstrate a positive and significant effect on corporate performance, suggesting that firms with greater innovation capacity are more capable of improving competitiveness and organizational effectiveness. Furthermore, ESG strategies and innovation capabilities simultaneously exert a significant influence on corporate performance, explaining 47.3% of the variance in performance. The results suggest that sustainability-oriented strategies and innovation capabilities function as complementary strategic resources that enhance long-term organizational success. This study contributes to the literature on sustainability and strategic management by providing empirical evidence from Indonesian public companies and offers practical implications for managers seeking to strengthen corporate performance through integrated ESG and innovation initiatives.
Copyright (c) 2026 Meiske Wenno, Rani Eka Arini, Dila Padila Nurhasanah https://creativecommons.org/licenses/by-sa/4.0
To What Extent Do Brand Image and Perceived Value Contribute to Customer Trust and Purchase Decisions for Local Skincare Products in Indonesia?
The rapid growth of the local skincare industry in Indonesia has intensified competition among domestic and international brands, making it essential to understand the factors that influence consumer purchasing behavior. This study aims to examine the extent to which brand image and perceived value contribute to customer trust and purchasing decisions regarding local skincare products in Indonesia. A quantitative research approach was employed using a survey method. Data were collected from 250 consumers who had purchased and used local skincare products through a structured questionnaire measured on a five-point Likert scale. The collected data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS 3). The findings reveal that brand image and perceived value significantly and positively influence customer trust. Brand image and perceived value were found to enhance consumers’ confidence in local skincare brands. Furthermore, brand image, perceived value, and customer trust significantly influence purchasing decisions. The results also demonstrate that customer trust partially mediates the relationships between brand image and purchasing decisions, as well as between perceived value and purchasing decisions. The structural model explains 61.8% of the variance in customer trust and 72.1% of the variance in purchasing decisions, indicating substantial explanatory power. The study concludes that customer trust plays a crucial role in translating favorable brand perceptions and value evaluations into actual purchasing decisions. These findings contribute to consumer behavior and marketing literature by providing empirical evidence from the Indonesian local skincare market. Practically, the results suggest that local skincare companies should focus on strengthening brand image, delivering superior perceived value, and fostering customer trust to enhance consumer purchasing decisions and maintain competitive advantage in the increasingly dynamic beauty industry.
Copyright (c) 2026 Dila Padila Nurhasanah, Dasa Rahardjo Soesanto, Ilham Akbar Bunyamin https://creativecommons.org/licenses/by-sa/4.0
Bibliometric Analysis of the Creator Economy
The creator economy has emerged as a rapidly developing research domain driven by the expansion of digital platforms, content monetization models, and creator-centered economic ecosystems. Despite increasing academic attention, the intellectual structure, thematic evolution, and global collaboration patterns of creator economy research remain fragmented and insufficiently synthesized. This study aims to map the development of creator economy research and identify major trends, influential contributors, emerging themes, and future research directions through a bibliometric approach. The study employs bibliometric analysis using publications indexed in the Scopus database and visualized through VOSviewer. Several analytical dimensions were examined, including co-authorship networks, institutional collaboration, country collaboration, citation analysis, keyword co-occurrence, overlay visualization, and density visualization. The findings reveal that creator economy research has developed into an interdisciplinary field connecting economics, digital platforms, social media, information systems, innovation, and emerging technologies. Co-authorship and institutional analyses indicate that scientific production remains concentrated among several influential scholars and institutions, while country collaboration analysis identifies the United States, China, India, and the United Kingdom as leading contributors to the field. Keyword analysis demonstrates a thematic transition from foundational discussions on economics, employment, and commerce toward more specialized topics including social media ecosystems, creator monetization, artificial intelligence, blockchain, decentralization, sustainability, and intellectual property.
Copyright (c) 2026 Loso Judijanto https://creativecommons.org/licenses/by-sa/4.0
Bibliometric Analysis of Sustainable Human Resource Management
Sustainable Human Resource Management (SHRM) has emerged as an increasingly important area of research in response to growing global concerns regarding sustainability, environmental responsibility, and long-term organizational performance. This study aims to examine the development, intellectual structure, and research trends within the field through a bibliometric analysis approach. Bibliographic data were collected from the Scopus database and analyzed using bibliometric indicators and network visualization techniques through VOSviewer. The analysis includes publication trends, co-authorship networks, institutional collaboration, country collaboration, keyword co-occurrence, overlay visualization, density visualization, and citation analysis to identify the dominant themes and emerging directions of the field. The findings indicate that research in this area is strongly centered on the concepts of sustainable development and sustainability, which function as the primary foundations connecting multiple research streams. Collaboration patterns reveal that scholarly production is concentrated among several influential authors, institutions, and countries, with strong international connectivity but uneven distribution of research leadership. Keyword mapping demonstrates that the field has evolved from an initial emphasis on environmental protection, ecosystem management, and resource governance toward a more integrated perspective incorporating decision-making processes, organizational sustainability, and human resource management dimensions. Citation analysis further shows that the intellectual foundation of the field is dominated by highly influential studies addressing food security, social-ecological systems, biodiversity conservation, climate adaptation, and sustainable resource management. Despite increasing attention to management-related topics, human resource management remains relatively underrepresented, indicating opportunities for future research. This study contributes by providing a systematic overview of the knowledge landscape and identifying potential directions for advancing Sustainable Human Resource Management research.
Digital Trust in Online Platforms: A Bibliometric Review
Digital trust has become a fundamental element in shaping user engagement, transaction reliability, and sustainable interactions across online platforms. As digital ecosystems continue to expand through social media, electronic commerce, and intelligent technologies, research on digital trust has grown rapidly and become increasingly interdisciplinary. This study aims to examine the intellectual structure, thematic evolution, and emerging trends in Digital Trust in Online Platforms through a bibliometric review approach. Bibliographic data were collected from the Scopus database and analyzed using VOSviewer to perform publication trend analysis, citation analysis, collaboration mapping, keyword co-occurrence, overlay visualization, and density analysis. The findings reveal that research in this field is centered on themes such as trust, social media, electronic commerce, consumer behavior, artificial intelligence, and data privacy. Collaboration analysis shows active global participation, with India, China, and the United States emerging as major contributors to scientific development. Temporal and thematic mapping indicates a transition from foundational discussions on trust and online interaction toward more advanced topics including AI-driven trust mechanisms, blockchain, machine learning, privacy governance, and secure digital infrastructures. This study provides a comprehensive overview of the current research landscape and offers future research directions for strengthening digital trust in increasingly complex online environments.
Supply Chain Transparency Research: A Bibliometric Analysis
Supply chain transparency has become one of the key topics in recent years due to the increasing emphasis on sustainability, traceability, digital transformation, and accountability in global supply networks. The widespread application of advanced technologies including blockchain, Internet of Things (IoT), and smart contracts has led to a growing body of literature on studying the benefits of supply chain transparency and its role in enhancing performance and resilience. This paper aims at revealing the intellectual structure, evolution, collaboration pattern, and future directions of supply chain transparency research by employing bibliometrics. Data was obtained from Scopus databases and then analyzed with the help of bibliometric methods supplemented by VOSviewer. Publication analysis, authorship analysis, institutional collaboration, country collaboration, citation analysis, keyword analysis, overlay visualization, and density visualization will be employed in the process of data analysis. It can be found that the most dominating themes among supply chain transparency literature include blockchain, supply chain management, sustainability, traceability, and digital transformation. India and China became major players in the network of international collaboration, while some institutions functioned as knowledge hubs. Most citations were achieved by papers discussing blockchain-based sustainable supply chains and frameworks for implementing transparency. Keyword evolution further demonstrates a shift from operational visibility toward integrated digital ecosystems emphasizing sustainability, circular economy, food safety, and intelligent supply chain governance.
Implementation of POSDCORB Management Functions in the Governance of Protestant Christian Churches in Bali
This study analyzes the implementation of POSDCORB management functions in the governance of the Protestant Christian Church in Bali (GKPB). It responds to the growing demand for religious organizations to be managed not only as spiritual communities but also as accountable, transparent, effective, and sustainable service institutions. A qualitative case study design was employed. Data were collected through in-depth interviews, non-participant observation, and document analysis involving informants from synod, regional, and congregational levels. The data were analyzed through data reduction, data display, thematic coding based on the seven POSDCORB functions, and interpretive conclusion drawing. The findings indicate that planning, organizing, staffing, directing, coordinating, reporting, and budgeting have been implemented in GKPB governance, although their application remains uneven, partially informal, and not fully documented. Planning is participatory and hierarchical, organizing is supported by church structures, leadership is collegial and pastoral, and reporting and budgeting are relatively transparent. Nevertheless, the church still needs clearer job descriptions, stronger leadership regeneration, more consistent cross-sector coordination, standardized reporting, and digitalized administrative and financial systems. This article argues that POSDCORB is relevant for analyzing church governance because it connects managerial systems with service values, congregational participation, and organizational accountability.
Copyright (c) 2026 Putu Michael Uryana, R Tri Priyono Budi Santoso, I Wayan Ruspendi Junaedi, I Gusti Bagus Rai Utama https://creativecommons.org/licenses/by-sa/4.0
The Impact of Foreign Direct Investment (PMA), Domestic Investment (PMDN), and Remittances on Per Capita Income in Indonesia
This study aims to analyze the effect of Foreign Direct Investment (FDI), Domestic Investment (DI), and remittances on per capita income in Indonesia. The study uses panel data from 34 provinces in Indonesia during the 2013–2023 period obtained from Statistics Indonesia (BPS), Bank Indonesia, and the Ministry of Investment/BKPM. The analytical method used is panel data regression with the assistance of EViews 10 software. Model selection was conducted through the Chow test, Hausman test, and Lagrange Multiplier (LM) test, resulting in the Common Effect Model (CEM) as the best model. The results indicate that partially, FDI, DI, and remittances do not have a significant effect on per capita income in Indonesia. Simultaneously, FDI, DI, and remittances also do not significantly affect per capita income. The adjusted R-square value of 0.44% indicates that variations in per capita income are largely influenced by other variables outside the research model. Therefore, the increase in per capita income in Indonesia is not only influenced by investment and remittances, but also by other factors such as human resource quality, infrastructure, and government expenditure.
Copyright (c) 2026 Eka Agustiani, Vina Aprianti https://creativecommons.org/licenses/by-sa/4.0
Digital Infrastructure, Human Capital, and Entrepreneurial Ecosystem Development in South Korea: A Longitudinal Analysis (2000–2024)
This study examines the relationship between digital infrastructure, human capital, and entrepreneurial ecosystem development in South Korea between 2000 and 2024. Using longitudinal macroeconomic and technological indicators obtained primarily from the World Bank World Development Indicators database, the research analyzes how digitalization and technological modernization contributed to the transformation of South Korea from a manufacturing-oriented economy into a highly innovation-driven entrepreneurial ecosystem. The empirical analysis combines descriptive longitudinal analysis, correlation analysis, and Ordinary Least Squares (OLS) regression models to evaluate the association between digital infrastructure variables and economic performance. The findings indicate substantial long-term improvements in internet diffusion, broadband infrastructure, secure digital systems, and human capital development. Regression results reveal a positive and statistically significant relationship between internet penetration and GDP growth, supporting existing literature on digital entrepreneurship and innovation ecosystems. Although broadband infrastructure displayed diminishing marginal effects within the regression model, the overall evidence suggests that digital modernization and knowledge-intensive development played important roles in strengthening entrepreneurial competitiveness. The study contributes to entrepreneurship and digital economy literature by providing empirical evidence on the structural determinants of innovation-driven entrepreneurial transformation in South Korea.
Copyright (c) 2026 Gianmario Strappati https://creativecommons.org/licenses/by-sa/4.0
Barriers and Strategies in Digital Transformation Adoption Among Small and Medium Enterprises (SMEs)
This study examines the barriers and strategies associated with digital transformation (DT) adoption among small and medium enterprises (SMEs). Despite the growing importance of digital technologies in enhancing competitiveness and resilience, many SMEs remain at early stages of digital maturity. Employing a mixed-methods approach, this research integrates quantitative data from 450 SMEs across developed, emerging, and transitional economies with qualitative insights from case studies and expert interviews. The findings reveal that internal barriers, particularly financial constraints and digital skill gaps, are the most significant impediments to DT adoption, followed by organizational inertia and external challenges such as regulatory complexity and infrastructure limitations. The results further demonstrate that targeted strategies, including government subsidies, upskilling programs, and public-private partnerships, significantly improve digital adoption levels and firm performance. Notably, SMEs that successfully implement DT strategies experience higher revenue growth and enhanced operational efficiency. By extending the Technology–Organization–Environment (TOE) framework and Diffusion of Innovations (DOI) theory, this study highlights the importance of integrated and context-specific interventions. The research offers practical and policy-relevant implications for SME stakeholders, emphasizing the need for coordinated efforts to bridge the digital divide and foster inclusive digital transformation.
Copyright (c) 2026 Indria Guntararayana, Djoko Surahmat, Monesta Cici Ijan, Meci Nilam Sari, Margo Saptowinarko Prasetyo https://creativecommons.org/licenses/by-sa/4.0
Destination Image Meets Digital Promotion: Shaping Sustainable Tourist Choices at Big Farmer for Food Security
Tourism is widely acknowledged as a catalyst for economic development and social progress, while also serving as a strategic instrument to strengthen food security and support the achievement of the Sustainable Development Goals (SDGs). Within this scope, agro-tourism plays a critical role in connecting tourism with agricultural sustainability, providing benefits for local communities, rural economies, and environmentally responsible consumption. This study investigates the extent to which destination image and digital promotion influence visiting decisions at Big Farmer, an agro-tourism site in West Bandung, with particular attention to Generation Z as the dominant respondent group. Grounded in consumer behavior and sustainable tourism theories, the study applied a quantitative research design, using a structured questionnaire distributed to 99 respondents. Data analysis employed descriptive statistics, validity and reliability testing, as well as multiple regression through SPSS 25. Results confirm that both destination image and digital promotion significantly and positively impact visiting decisions, while Generation Z demonstrated strong responsiveness to authentic digital narratives emphasizing local food identity, cultural heritage, and sustainable practices. These findings highlight the importance of enhancing destination branding and interactive digital strategies as tools not only to improve tourism competitiveness but also to reinforce community-based food systems. The study concludes that tourism stakeholders and policymakers should prioritize digital innovation and agricultural integration in tourism promotion, ensuring that agro-tourism contributes to SDG 2 (Zero Hunger), SDG 8 (Decent Work and Economic Growth), and SDG 12 (Responsible Consumption and Production).
Copyright (c) 2026 Sindrawati Sindrawati, Bachtiar Usman, Hermanto Yaputra https://creativecommons.org/licenses/by-sa/4.0
From Access to Behavior: How Digital Financial Inclusion Shapes Sustainable Financial Practices via Cognitive Financial Framing among Coastal MSMEs
This study examines how digital financial inclusion influences sustainable financial practices through cognitive financial framing among coastal MSMEs in Maluku. Although access to digital financial services has expanded significantly, many MSMEs still struggle to translate this access into disciplined and long-term financial behavior. This research adopts a quantitative explanatory approach using data from 342 respondents and analyzes the relationships using SEM-PLS. The findings reveal that digital financial inclusion has a significant positive effect on cognitive financial framing, which in turn strongly influences sustainable financial practices. While digital financial inclusion also directly affects financial behavior, its impact is weaker compared to the indirect effect through cognitive mechanisms. These results indicate that access alone is insufficient to drive behavioral change without adequate cognitive capacity in managing financial resources. The study highlights the importance of integrating behavioral finance perspectives, particularly the Behavioral Life-Cycle Hypothesis, to explain how financial decisions are shaped over time. The findings provide both theoretical and practical implications for designing more effective financial inclusion policies.
Copyright (c) 2026 Martha Racwel Patty https://creativecommons.org/licenses/by-sa/4.0
Research Trends in Sustainable Entrepreneurship Based on Bibliometric Analysis of Scopus Publications for the Period 2012–2024
Sustainable entrepreneurship has emerged as an important research domain that integrates entrepreneurial activities with environmental and social sustainability goals. The growing global concern regarding climate change, resource scarcity, and inclusive economic development has increased scholarly attention to this field. This study aims to analyze the development and research trends of sustainable entrepreneurship through a bibliometric approach. The analysis is based on publications indexed in the Scopus database during the period 2012–2024. Bibliometric techniques were employed using VOSviewer to visualize scientific collaboration networks and thematic structures within the literature. The results indicate a significant growth in publications related to sustainable entrepreneurship, reflecting increasing academic interest in the intersection between entrepreneurship and sustainable development. Co-authorship and country collaboration analyses reveal that research in this field is supported by international collaboration networks, with countries such as the United States, the United Kingdom, and India playing important roles in knowledge production. Keyword co-occurrence analysis shows that entrepreneurship, sustainable development, and sustainability form the core concepts of the research field, while emerging themes such as circular economy, sustainable development goals (SDGs), entrepreneurship education, and digital technologies indicate evolving research directions.
Bibliometric Analysis of Sharia Finance Research from a Global Perspective for the Period 2010–2024
This study aims to examine the development and structure of global research on Sharia finance through a bibliometric analysis of publications indexed in the Scopus database from 2010 to 2024. Using bibliometric techniques and visualization tools such as VOSviewer, this study analyzes publication trends, collaboration networks among authors, institutions, and countries, as well as the thematic evolution of research topics in the field of Islamic finance. The results indicate that research on Sharia finance has grown significantly during the observed period, reflecting the increasing global importance of Islamic financial systems. The collaboration analysis shows that several key authors and institutions play central roles in connecting different research groups, while countries such as Indonesia, Malaysia, Saudi Arabia, the United Kingdom, and the United States emerge as important contributors to the global research network. Keyword co-occurrence analysis reveals that dominant themes include Islamic banking, Sharia compliance, financial institutions, and Islamic law. At the same time, emerging topics such as financial technology (fintech), blockchain, decentralized finance, and financial inclusion indicate a shift toward digital transformation and innovation in Islamic financial services. Furthermore, themes related to sustainable development, ESG, and waqf highlight the growing integration of Islamic finance with broader sustainability and ethical finance agendas. This study provides a comprehensive overview of the intellectual structure, collaboration patterns, and emerging research trends in Sharia finance, offering valuable insights for future academic research and policy development in the global Islamic financial industry.
A Bibliometric Analysis of Artificial Intelligence Adoption in Business Research for the Period 2015–2025
Artificial Intelligence (AI) has become a transformative technology that significantly influences modern business practices, decision-making processes, and organizational innovation. As the adoption of AI continues to expand across industries, scholarly interest in this topic has increased substantially. This study aims to map the development of research on Artificial Intelligence adoption in business using a bibliometric approach. Data were collected from the Scopus database covering publications from 2015 to 2025. The analysis was conducted using VOSviewer to visualize scientific networks, including co-authorship, institutional collaboration, country collaboration, keyword co-occurrence, overlay visualization, and density mapping. The results indicate a significant growth in publications related to AI adoption in business, particularly in recent years. The United States, India, China, Germany, and Italy emerge as the most influential countries contributing to this research area, while several collaborative networks among authors and institutions highlight the global nature of this field. The keyword analysis reveals that major research themes revolve around artificial intelligence, digital transformation, technology adoption, machine learning, and decision-making processes. Additionally, emerging topics such as sustainability, ethical technology, generative artificial intelligence, and Industry 4.0 are gaining increasing attention in recent studies. This study provides a comprehensive overview of the intellectual structure and research trends in AI adoption within business research, offering insights into key contributors, major thematic clusters, and potential future research directions.
The Development of Creative Economy Research in Southeast Asia Based on Bibliometric Analysis and Thematic Trends 2013–2024
The creative economy has become a strategic sector in economic development in various Southeast Asian countries due to its contribution to innovation, job creation, and strengthening cultural identity. As academic attention to this topic increases, scientific mapping is needed to understand research developments, collaboration patterns, and emerging thematic trends in the literature. This study aims to analyze the development of research on the creative economy in Southeast Asia during the period 2013–2024 using a bibliometric approach. Research data was obtained from the Scopus database and analyzed using VOSviewer software to map the collaboration network of authors, institutions, countries, and the emergence of research keywords. The analysis results show that research on the creative economy in Southeast Asia has experienced a significant increase, with a primary focus on the theme of economic development, which is closely related to topics such as sustainability, commerce, finance, policymaking, and cultural industries. Visualization of the collaboration network indicates the existence of collaboration.Cross-border research, particularly between Southeast Asian and European countries, is also being conducted, although collaboration remains relatively limited. Thematic trend analysis also indicates a shift in research focus from economic development to more specific issues such as creative industry competitiveness, public policy, and the development of creative subsectors such as animation and cultural industries. The findings of this study provide a comprehensive overview of the dynamics of creative economy research in Southeast Asia and open up opportunities for further, more in-depth research on digital transformation, creative entrepreneurship, and regional economic integration to support future creative economy development.
Bibliometric Review of Research on Startup Ecosystems with Identification of Key Authors Countries and Emerging Themes for the Period 2010–2024
Research on startup ecosystems has expanded rapidly over the past decade as entrepreneurship has become a key driver of innovation, technological advancement, and economic development. Despite the growing body of literature, a comprehensive understanding of the intellectual structure, collaboration patterns, and emerging themes in startup ecosystem research remains limited. This study aims to map the development of research on startup ecosystems through a bibliometric analysis of publications indexed in the Scopus database from 2010 to 2024. Using VOSviewer as the primary analytical tool, this study examines publication trends, co-authorship networks, country collaboration patterns, and keyword co-occurrence structures to identify influential authors, leading countries, and major research themes. The results show a significant growth in publications during the analyzed period, indicating increasing global academic interest in startup ecosystem studies. The co-authorship analysis reveals several collaborative clusters with a number of key scholars acting as connectors within the research network. Country collaboration analysis highlights the dominance of the United States, India, and several European countries as major contributors to the field. Furthermore, keyword analysis indicates that entrepreneurship, startup, innovation, and ecosystems form the conceptual core of the literature, while emerging topics such as artificial intelligence, blockchain, fintech, and crowdfunding reflect the growing influence of digital transformation on entrepreneurial ecosystems.
The Dynamics of Social Innovation Research in Entrepreneurship Based on Bibliometric and Co-Word Analysis of Publications from 2012 to 2024
This study aims to examine the development and research dynamics of social innovation within the field of entrepreneurship through a bibliometric and co-word analysis of scientific publications. The data were obtained from the Scopus database covering the period from 2012 to 2024. Bibliometric techniques were applied to identify publication patterns, collaboration networks, and thematic structures within the literature. The analysis was conducted using VOSviewer to visualize co-authorship networks, institutional collaborations, country collaborations, keyword co-occurrences, overlay visualization, and density visualization. The results reveal that social innovation, sustainable development, and entrepreneurship constitute the central themes of the research landscape. The findings also show that sustainability-related topics and social enterprise concepts play a significant role in shaping the direction of scholarly discussions in this field. Furthermore, recent research trends indicate the growing importance of entrepreneurship education, digitalization, artificial intelligence, and innovation ecosystems in advancing social innovation practices. The collaboration network analysis demonstrates that research in this area involves extensive international partnerships, with several countries and institutions acting as major hubs in global knowledge production. The study highlights the interdisciplinary nature and increasing global relevance of social innovation research in entrepreneurship, while also identifying emerging themes that may guide future research and policy development.
Mapping Research Trends in Financial Technology (FinTech) and Entrepreneurship Using a Bibliometric Analysis from 2015 to 2024
Financial Technology (FinTech) has rapidly transformed the global financial landscape and created new opportunities for entrepreneurial innovation. Along with the expansion of digital financial services, scholarly attention toward the intersection of FinTech and entrepreneurship has grown significantly over the past decade. This study aims to map the development, collaboration patterns, and thematic evolution of research on FinTech and entrepreneurship using a bibliometric analysis approach. The analysis is based on publications indexed in the Scopus database during the period 2015–2024. Bibliometric mapping and visualization techniques were conducted using VOSviewer to examine co-authorship networks, institutional and country collaborations, keyword co-occurrence, overlay visualization, and density mapping. The results indicate that research in this field has increased substantially, reflecting the growing importance of digital financial innovation in supporting entrepreneurial activities and economic development. The collaboration analysis shows that the United States, China, and several European countries play central roles in global research networks, while emerging economies are increasingly contributing to the literature. Keyword analysis reveals that entrepreneurship, innovation, and fintech are the most dominant themes, with emerging topics such as digital transformation, artificial intelligence, blockchain, financial inclusion, and sustainability gaining increasing scholarly attention. These findings suggest that the FinTech–entrepreneurship research field is evolving into a multidisciplinary domain that integrates technological innovation with financial systems and entrepreneurial ecosystems. This study contributes to the literature by providing a comprehensive overview of the intellectual structure and development trajectory of FinTech and entrepreneurship research and offers insights for future studies focusing on digital financial innovation, sustainable entrepreneurship, and inclusive financial systems.
The Landscape of MSME Research in Developing Countries Based on Bibliometric Analysis and Visualization of Global Collaboration Networks
Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in supporting economic growth, employment creation, and poverty reduction in developing countries. Despite their importance, the rapidly growing body of literature on MSMEs has produced a fragmented research landscape that requires systematic mapping to understand its development and emerging directions. This study aims to analyze the landscape of MSME research in developing countries using a bibliometric approach. Data were collected from the Scopus database and analyzed using bibliometric techniques and visualization tools, particularly VOSviewer, to identify publication trends, collaboration networks, and dominant research themes. The results reveal that MSME research has developed into a multidisciplinary field connecting themes such as entrepreneurship, innovation, financial inclusion, sustainability, and digital transformation. Collaboration network analysis shows that several authors and institutions act as key connectors in the research network, while countries such as India and Indonesia emerge as major contributors to global MSME research. Keyword co-occurrence and overlay analyses indicate that earlier studies primarily focused on entrepreneurship and innovation, whereas more recent research emphasizes digital transformation, technology adoption, and sustainable development goals. These findings demonstrate that MSME research is evolving toward addressing contemporary challenges related to digitalization and sustainable economic development. This study provides a comprehensive overview of the intellectual structure and development trends of MSME research and offers insights for future research directions in the field.
Copyright (c) 2026 Loso Judijanto, Zainal Arifin https://creativecommons.org/licenses/by-sa/4.0
The Evolution of Circular Economy Research Based on Bibliometric Analysis of International Publications 2010–2024
The circular economy has emerged as a key concept in addressing global sustainability challenges, particularly those related to resource depletion, waste generation, and environmental degradation. This study aims to analyze the evolution of circular economy research based on international publications indexed in the Scopus database from 2010 to 2024. A bibliometric approach was employed to examine publication trends, collaboration networks, and thematic structures within the literature. Data were analyzed using VOSviewer to generate visualizations of co-authorship networks, keyword co-occurrence, and research density. The results indicate a significant increase in circular economy research over the past decade, reflecting growing academic and policy interest in sustainable production and consumption systems. Co-authorship analysis reveals the presence of several collaborative research clusters connected by influential authors who facilitate knowledge exchange across institutions and regions. Keyword co-occurrence analysis shows that circular economy research is strongly associated with themes such as sustainability, waste management, recycling, and life cycle analysis. In addition, technological topics including wastewater treatment, biomass utilization, and plastic recycling appear as important subthemes supporting circular resource flows. Density visualization further indicates that circular economy and sustainability remain the most dominant concepts within the field. Overall, the findings demonstrate that circular economy research has developed into an interdisciplinary domain integrating environmental science, industrial systems, and sustainability studies. This study provides a comprehensive overview of the intellectual structure of circular economy research and offers insights into emerging research directions for future studies.
Global Trends in Digital Entrepreneurship Research Based on Bibliometric Analysis of the Scopus Database from 2013 to 2023
The rapid advancement of digital technologies has significantly transformed entrepreneurial activities and business ecosystems worldwide. This study aims to analyze global research trends in digital entrepreneurship through a bibliometric approach using publications indexed in the Scopus database from 2013 to 2023. The study employs bibliometric analysis and network visualization using VOSviewer to examine publication patterns, collaboration networks among authors, institutions, and countries, as well as the thematic structure of the research field. The results show a significant growth in scholarly publications on digital entrepreneurship over the past decade, indicating increasing academic interest in the topic. The collaboration analysis reveals that several countries, particularly the United States, the United Kingdom, Germany, and the Russian Federation, play central roles in international research networks. In addition, the co-authorship and institutional networks highlight the presence of influential scholars and universities that actively contribute to the development of digital entrepreneurship studies. Keyword co-occurrence analysis identifies major research themes such as entrepreneurship, digital technologies, digital economy, business models, and digital innovation, while emerging topics such as sustainability, startups, and digitalization indicate evolving research directions. The findings demonstrate that digital entrepreneurship has developed into a dynamic and interdisciplinary research area that integrates perspectives from entrepreneurship, information systems, and innovation studies. This study provides a comprehensive mapping of the intellectual structure of digital entrepreneurship research and offers insights into future research opportunities in the evolving digital economy.
Work-Life Balance, Employee Well-Being, and Organizational Performance in Digital Startups in Greater Jakarta
The rapid expansion of digital startups in Greater Jakarta has intensified the need for effective human resource strategies that support both employee well-being and organizational performance. This study aims to examine the relationships between work–life balance, employee well-being, and organizational performance using a quantitative approach. Data were collected from 150 employees working in digital startup environments through a structured questionnaire measured on a five-point Likert scale. Statistical analysis was conducted using SPSS version 25, including descriptive statistics, reliability testing, classical assumption tests, and multiple regression analysis. The results indicate that work–life balance has a significant positive effect on employee well-being, while both work–life balance and employee well-being significantly influence organizational performance. Employee well-being also acts as an important mechanism that strengthens organizational outcomes by enhancing motivation, emotional stability, and engagement. The findings highlight the strategic role of flexible work practices and supportive organizational culture in sustaining productivity within fast-paced digital startup contexts. This study contributes to the organizational behavior literature by providing empirical evidence from emerging digital economies and offers practical insights for startup leaders in designing human-centered workplace policies that promote sustainable performance.
Copyright (c) 2026 Flora Grace Putrianti Putrianti, Sukmarani Sukmarani, Yumhi Yumhi, Maesaroh Maesaroh, Andri Susilo https://creativecommons.org/licenses/by-sa/4.0
The Role of Product Innovation Mediation in the Relationship between Market Orientation and Competitive Advantage in Culinary Sector MSMEs
This study aims to examine the mediating role of product innovation in the relationship between market orientation and competitive advantage among Indonesian culinary sector Micro, Small, and Medium Enterprises (MSMEs). A quantitative research design was employed using survey data collected from 200 MSME owners and managers. The measurement instrument utilized a five-point Likert scale, and data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS 3). The results indicate that market orientation has a significant positive effect on product innovation and competitive advantage. Product innovation also shows a strong and significant influence on competitive advantage, highlighting its role as a key strategic capability in the culinary industry. Furthermore, mediation analysis confirms that product innovation partially mediates the relationship between market orientation and competitive advantage, suggesting that the ability to transform market insights into innovative products strengthens business competitiveness. The findings emphasize the importance of integrating customer focus, competitor awareness, and innovation strategies to achieve sustainable competitive advantage. This study contributes to the literature on strategic entrepreneurship and MSME competitiveness by providing empirical evidence from the Indonesian culinary sector and offers practical implications for business owners and policymakers in promoting innovation-driven development.
Copyright (c) 2026 Feliks Anggia Binsar Kristian Panjaitan, Muhammad Taali https://creativecommons.org/licenses/by-sa/4.0
The Impact of Financial Technology Adoption on the Sustainability of Microenterprises in Indonesia: The Mediating Role of Financial Inclusion
The rapid development of financial technology (fintech) has transformed financial access and operational practices among micro businesses, particularly in emerging economies such as Indonesia. This study aims to examine the impact of financial technology implementation on the sustainability of micro businesses, with financial inclusion serving as a mediating variable. A quantitative research approach was employed using data collected from 150 micro business actors through a structured questionnaire measured on a Likert scale. Data analysis was conducted using Structural Equation Modeling–Partial Least Squares (SEM-PLS 3) to evaluate both measurement and structural models. The results indicate that fintech implementation significantly enhances financial inclusion and directly improves business sustainability. Financial inclusion also has a significant positive effect on sustainability and partially mediates the relationship between fintech adoption and sustainable business performance. These findings suggest that digital financial innovation contributes to micro business resilience when supported by inclusive financial access. The study provides theoretical contributions to digital finance and sustainable entrepreneurship literature while offering practical implications for policymakers and fintech providers in promoting inclusive digital ecosystems for micro-enterprise development in Indonesia.
Copyright (c) 2026 Mekar Meilisa Amalia https://creativecommons.org/licenses/by-sa/4.0
The Influence of Green Marketing, Brand Image, and Environmental Awareness on the Decision to Purchase Environmentally Friendly Products in Indonesia
The increasing environmental problems faced by Indonesia have encouraged both consumers and businesses to pay greater attention to environmentally friendly products. This study aims to analyze the influence of green marketing, brand image, and environmental awareness on consumers’ decisions to purchase environmentally friendly products in Indonesia. A quantitative research approach was employed using a survey method involving 135 respondents who had experience or familiarity with green products. Data were collected through a structured questionnaire measured using a five-point Likert scale and analyzed using SPSS version 25. The analysis included validity and reliability tests, classical assumption tests, and multiple linear regression analysis. The results show that green marketing, brand image, and environmental awareness each have a positive and significant effect on purchase decisions, both individually and simultaneously. Among these variables, environmental awareness has the strongest influence on consumers’ purchasing decisions. These findings indicate that effective green marketing strategies, supported by a strong brand image and high consumer environmental awareness, play a crucial role in encouraging the purchase of environmentally friendly products. This study provides empirical evidence on green consumer behavior in Indonesia and offers practical implications for companies and policymakers in promoting sustainable consumption.
Copyright (c) 2026 Olayinka Funmi BABATUNDE, Sikiru Ayodeji ANIMASAUN https://creativecommons.org/licenses/by-sa/4.0
The Influence of Financial Literacy, Digital Innovation, and Entrepreneurial Orientation on the Performance of MSMEs in the Post-Pandemic Era in Indonesia
The post-pandemic era has brought significant challenges and opportunities for micro, small, and medium enterprises (MSMEs) in Indonesia, particularly in terms of financial management, digital adaptation, and strategic orientation. This study examines the influence of financial literacy, digital innovation, and entrepreneurial orientation on MSME performance in the post-pandemic context. A quantitative research approach was employed, with data collected from 135 MSME owners and managers using a structured questionnaire measured on a Likert scale. The data were analyzed using multiple linear regression with the Statistical Package for the Social Sciences (SPSS) version 25. The results indicate that financial literacy has a positive and significant effect on MSME performance, demonstrating the importance of sound financial knowledge and management skills in supporting business recovery. Digital innovation is found to have the strongest positive influence on performance, highlighting the critical role of digital technology adoption in enhancing competitiveness and market reach. Entrepreneurial orientation also shows a significant positive effect, emphasizing the importance of innovativeness, proactiveness, and risk-taking in navigating post-pandemic uncertainty. Simultaneously, financial literacy, digital innovation, and entrepreneurial orientation significantly explain variations in MSME performance. These findings suggest that strengthening internal capabilities through integrated financial education, digital capacity building, and entrepreneurship development is essential for improving MSME resilience and sustainable growth in Indonesia’s post-pandemic economy.
Copyright (c) 2026 Israel Olukayode ADEBOWALE https://creativecommons.org/licenses/by-sa/4.0
Centralization vs. Decentralization: Measuring the Effectiveness of State Regulations in Accommodating the Potential of Community-Based Zakat and Waqf
Indonesia, as the country with the largest Muslim population in the world, has enormous potential for zakat and waqf to support the social welfare and economic development of the people. However, there is a significant gap between this potential and the realization of its collection and utilization. One factor influencing this condition is state policy, which tends to implement centralized zakat and waqf management through Law Number 23 of 2011 and Law Number 41 of 2004. This study aims to analyze the impact of this centralized policy on the sustainability of community-based zakat and waqf management organizations, and to assess the extent to which the state regulatory framework is able to optimize the potential of Islamic philanthropy without eroding social capital and public participation. The method used in this study is a conceptual approach through a literature review by examining various scientific sources, theories, and relevant Qur'anic and Hadith arguments. The results of the study indicate that although centralized policies provide benefits in terms of accountability and administrative standardization, these policies also have the potential to suppress the role of community-based philanthropic institutions due to bureaucratic burdens and rigid legal-formal structures. Therefore, this study recommends the implementation of an adaptive and inclusive hybrid governance model, which balances the formal legality of the state with the social legitimacy of the community to optimize the sustainable management of zakat and waqf in Indonesia. As an academic and policy implication, this study emphasizes that optimizing zakat and waqf cannot rely solely on legal approaches and administrative centralization but must also consider the sociological dimensions of Indonesian Muslim society, which are based on community and faith. By synergistically integrating the roles of the state and community, zakat and waqf governance is expected to increase institutional effectiveness while maintaining public participation, the core spirit of Islamic philanthropy
Copyright (c) 2026 Alisha Haviedzah, Uum Nur Umayah, Rafi' Karunia Putra, Qurrotul Ahsani Ma'rufah, Neng Isma Nur Holifah, Muhammad Khalid Albar, Muhammad Aidan Athallah Fath, Marwah Ayatillah P, Imroatur Rif'ah, Fernaldi Wafdan Zuhdi, Auliatun Dalalah, Amelda Nayla, Delfi Kusuma Nadia https://creativecommons.org/licenses/by-sa/4.0
Synergy between Islamic Philanthropy and the Government: Optimizing Zakat-Wakf Based on Maslahah Daruriyyah and Fiqh al-awlawiyyat in Alleviating Social Problems
Indonesia has enormous potential for zakat and waqf as instruments of Islamic philanthropy, but their utilization has not been optimal in addressing fundamental social issues. Zakat management still tends to be consumer-oriented, while waqf is more directed at the construction of places of worship, so that their function as instruments of sustainable social protection has not been optimally achieved. This study aims to analyze the synergy model between the National Zakat Agency (BAZNAS), the Indonesian Waqf Agency (BWI), and the Social Service in managing zakat and waqf based on maslahah daruriyyah and fiqh al-awlawiyyat. This study uses a qualitative method with a juridical-normative approach through a literature review of relevant fiqh literature, regulations, and institutional data. The results show that the low social impact of zakat and waqf is caused by inaccurate allocation priorities, weak institutional integration, and a lack of orientation towards meeting the basic needs of vulnerable groups. This study concludes that institutional synergy is needed to direct zakat as a supporter of short-term social financing and waqf as a provider of sustainable social infrastructure, so that Islamic philanthropy can play an effective role in strengthening social welfare.
Copyright (c) 2026 Fitriah Raudhatul Jannah, Dedy Purnomo, Jamilah Zahra, Mudawamatul Ummah, Rina Alifiyah, Chika Arta Dhuana Pangestu, Muhammad Ikhsanudin, Amelia Putri, Muhammad As'ad Samsul Arifin, Hurin 'In Lu'Lu'il Maknun, Asyifa Raudhatul Jannah, Haikal Akbar Karim https://creativecommons.org/licenses/by-sa/4.0
The Role of Competence as a Mediator in the Relationship between Supervision and Training on Employee Effectiveness
This study aims to analyse the effect of supervision and training on employee work effectiveness with competence as a mediating variable at the Regional Disaster Management Agency (BPBD) of Nduga Regency. The approach used is explanatory quantitative with a saturated sampling technique involving all 85 BPBD employees. Data collection was conducted through a questionnaire using a 1–5 Likert scale. Data analysis included validity and reliability tests, linear regression, path analysis, and Sobel's mediation test. The results showed that supervision and training had a positive and significant effect on employee competence. In addition, supervision, training, and competence had a significant effect on work effectiveness. Competence was found to significantly mediate the influence of supervision and training on work effectiveness. These findings indicate that strengthening supervision, improving the quality of training, and developing competence are strategic factors in improving the work effectiveness of BPBD employees in disaster-prone areas such as Nduga Regency. This study has important implications for policy makers in planning human resource development in the disaster management sector.
Copyright (c) 2026 Lines La Gwijangga, Rina Rina, Yusran Adi https://creativecommons.org/licenses/by-sa/4.0