The Es Economics and Entrepreneurship

Digital Competence and Technology Adaptation as Determinants of Work Innovation of MSMEs Actors in Regional Arts and Culture Performances (PSBD) in Asahan Regency In 2025

Nirda Julianda — 2025-12-31

This study aims to analyze the influence of digital competence and QRIS payment technology adaptation on the work innovation of MSMEs at the Regional Arts and Culture Center (PSBD) of Asahan Regency. The research approach used was quantitative with a survey method of 40 MSMEs participating in the 2025 Asahan PSBD activities. Data were analyzed using multiple linear regression to determine the influence of digital competence (X₁) and QRIS technology adaptation (X₂) on work innovation (Y). The results of the study indicate that the digital competence of MSME HR has a positive and significant effect on work innovation with a significance value of 0.032, while QRIS adaptation also has a significant effect with a significance value of 0.021. The simultaneous test (F) shows that both variables together have a significant effect on work innovation with a calculated F value of 12.832 (p < 0.05). The coefficient of determination (R²) of 0.531 indicates that 53.1% of the variation in work innovation is influenced by digital competence and QRIS adaptation. These findings underscore the importance of strengthening the human resource capacity of MSMEs through digital literacy and readiness to adopt technology to encourage sustainable work innovation. Generation Z has high digital literacy and is quickly mastering digital platforms. They excel at content creation, business social media use, and digital analytics.

Muhammad Hatta's Economic Democracy: Analysis from an Islamic Economic Perspective

Agnes Pratiwi — 2025-12-02

This study examines the relevance of Mohammad Hatta’s concept of economic democracy through the lens of Islamic economics and the maqāṣid al-sharīʿah. It departs from the persistence of structural inequality, the dominance of large capital, and limited access of lower-income groups to productive resources in Indonesia, conditions that diverge from Hatta’s vision of a people’s economy. Using a qualitative descriptive method and library research, the study analyzes Hatta’s ideas on cooperatives, people’s sovereignty over resources, and state control of strategic sectors, and maps them onto the dimensions of ḥifẓ al-māl (protection of property), ḥifẓ al-nafs (protection of welfare/life), and ḥifẓ al-ijtimā‘/al-‘adl (social justice). The findings show strong substantive alignment between Hatta’s thought and Islamic economic principles while highlighting the need to operationalize them through sharia-based cooperatives, productive zakat, and distribution-oriented fiscal policies to build a more inclusive and just economic model for Indonesia.

The Influence of Attitude and Trust in Green Banking on Customer Interest in Opening an Account: Case Study of PT Bank Central Asia Tbk

Frianka Bagja Permana — 2025-12-31

This study aims to analyze the factors that influence customer interest in using green banking services, specifically when opening an account at BCA. Using a quantitative approach and the SEM-PLS method with a sample of 385 respondents, the study found that the variables Green Perceived Value, Green Trust, Environmental Concern, Perceived Consumer Effectiveness, Perceived Environmental Integrity, and Collectivism have a significant effect on Green Purchase Intention. Meanwhile, Green Perceived Risk does not show a significant effect. This finding confirms the importance of environmental values and trust in encouraging the adoption of sustainable banking services.

Scientific Trend Cartography of Digital Microfinance Research: Mapping Knowledge Evolution and Research Frontiers (2010–2025)

Loso Judijanto — 2025-12-31

This study presents a scientific trend cartography of digital microfinance research published between 2010 and 2025, aiming to map the field’s intellectual structure, thematic evolution, and emerging research frontiers. Using a bibliometric research design and data retrieved from the Scopus database, the study applies co-authorship, co-citation, keyword co-occurrence, overlay, and density analyses implemented through VOSviewer. The results reveal that microfinance and financial inclusion form the core knowledge base of the field, while closely interconnected themes such as fintech, digital finance, and digital transformation illustrate the progressive integration of technology into inclusive financial systems. Temporal analysis indicates a clear evolution from early concerns with ICT adoption, literacy, and institutional capacity toward more recent emphases on sustainability, risk assessment, digital platforms, women empowerment, and alignment with the Sustainable Development Goals (SDGs). The findings demonstrate that digital microfinance has matured into a multidisciplinary socio-technical domain embedded within broader development and governance discourses. By visualizing knowledge clusters and research trajectories, this study provides a comprehensive overview of the field’s evolution and offers a forward-looking research agenda to support future theoretical development, policy design, and practice in inclusive digital finance.

Entrepreneurial Resilience Strategies in Economic Crises: A Case Study of SMEs in Indonesia

Zainal Arifin — 2025-12-31

Small and Medium Enterprises (SMEs) are highly vulnerable to economic crises, particularly in developing economies such as Indonesia, where limited resources and institutional constraints intensify business uncertainty. This study explores how Indonesian SME owners build and enact entrepreneurial resilience during periods of economic crisis. Employing a qualitative case study approach, data were collected through in-depth interviews with five SME owners from different business sectors. Thematic analysis reveals that entrepreneurial resilience is a multidimensional and dynamic process shaped by entrepreneurs’ perceptions of crisis, strategic adaptation, innovation, digital transformation, social capital, and personal perseverance. The findings show that resilience is not merely an individual psychological trait, but an ongoing practice embedded in daily business decisions, informal networks, and experiential learning. Family support, trust-based relationships with suppliers and customers, and incremental innovation emerged as critical enablers of business survival. This study contributes to the entrepreneurial resilience literature by providing contextual insights from a developing-country perspective and highlights the importance of integrating strategic, social, and behavioral dimensions in understanding SME resilience. Practical implications are offered for policymakers and support institutions aiming to strengthen SME sustainability during economic disruptions.

Strategic-Operational Synergy: A Systematic Review of POAC–PDCA Integration for Enhancing Organizational Agility

Evi Selvi — 2025-12-31

In an era of business transformation marked by extreme volatility and the uncertainty of the strategic environment, modern organizations face ongoing pressure to achieve operational excellence while maintaining adaptive flexibility. The complexity of contemporary challenges demands the integration of managerial approaches that emphasize procedural efficiency and strategic responsiveness through the synergy of Planning, Organizing, Actuating, Controlling (POAC) and Plan-Do-Check-Act (PDCA). This study aims to systematically analyze POAC-PDCA integration to improve organizational agility, strategic effectiveness, and sustainable adaptability in a dynamic business environment. The research method used Systematic Literature Review (SLR) with the PRISMA protocol, analyzing 12 high-quality Scopus journals for the period 2019-2024 from five main academic databases. The results showed that the POAC-PDCA integration was able to increase time responsiveness by up to 70%, operational flexibility through a 53% reduction in setup time, and measurable strategic adaptability across the health, manufacturing, port, and waste management sectors. The conceptual model developed positions POAC as the structural foundation that strengthens the PDCA cycle as a sustainable diagnostic-corrective mechanism. The study's conclusions affirm that successful integration is achieved through vertical alignment, horizontal integration, systematic feedback loops, and a culture of continuous improvement, requiring technological support and organizational mindset transformation to achieve the optimal balance between operational stability and strategic flexibility.

Scientific Frontier Mapping of Circular Entrepreneurship: Emerging Themes and Knowledge Dynamics (2015–2025)

Loso Judijanto — 2025-12-31

This study aims to map the scientific frontier of circular entrepreneurship by examining its emerging themes, intellectual foundations, and evolving knowledge dynamics over the period 2015–2025. Using a science-mapping approach based on bibliometric data retrieved from the Scopus database, the study applies co-citation analysis, bibliographic coupling, keyword co-occurrence, and network visualizations with VOSviewer to uncover the structural and conceptual development of the field. The findings reveal that circular entrepreneurship is anchored by the concept of the circular economy and increasingly integrated with entrepreneurship, innovation, and sustainability-oriented business models. Thematic clustering indicates four dominant research streams: sustainable and social entrepreneurship, entrepreneurial innovation and firm dynamics, environmental management and impact, and circular business models with stakeholder engagement. Temporal and density analyses further demonstrate a shift from conceptual and normative discussions toward applied, ecosystem-based, and impact-oriented research. The study provides a comprehensive overview of how circular entrepreneurship has matured into an interdisciplinary and globally connected research domain, offering a structured foundation for future theoretical development, empirical investigation, and policy-oriented research.

Mapping Knowledge Trends in Regenerative Entrepreneurship

Loso Judijanto — 2025-12-31

Regenerative entrepreneurship has emerged as a transformative paradigm that extends sustainability-oriented entrepreneurship by emphasizing the restoration, renewal, and enhancement of socio-ecological systems while creating economic value. Despite growing scholarly attention, research in this field remains fragmented across disciplines and lacks a systematic understanding of its intellectual structure and thematic evolution. This study aims to map knowledge trends in regenerative entrepreneurship through a comprehensive bibliometric analysis of publications indexed in the Scopus database. Using VOSviewer, the study applies network visualization, overlay visualization, density analysis, citation analysis, and collaboration mapping to examine thematic clusters, temporal dynamics, influential contributions, and patterns of scholarly collaboration. The findings reveal that regenerative entrepreneurship has evolved from foundations in classical entrepreneurship, economics, and organizational studies toward sustainability-oriented frameworks and, more recently, regenerative and systems-based perspectives. Three dominant thematic clusters are identified: institutional–economic entrepreneurship, regenerative innovation and place-based entrepreneurship, and sustainability-driven business model transformation. The results also indicate a concentration of research within specific countries and institutions, alongside emerging opportunities for broader international and interdisciplinary collaboration. Overall, this study provides a structured overview of the intellectual landscape of regenerative entrepreneurship, identifies key research gaps, and offers a foundation for future theoretical development and practical application in advancing regenerative economic systems.

Mapping of MSME Financial Studies: Bibliometric Analysis

Fatmah Maruf — 2025-12-31

This study aims to map the intellectual structure, evolutionary trends, and thematic clusters in the literature on Micro, Small, and Medium Enterprises (MSMEs) Finance through Bibliometric Analysis. Data were collected from the Scopus database with a total of 64 articles rigorously selected using the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) protocol. The results of the performance analysis indicate a significant acceleration of publications in the last two years (2024–2025), which collectively represent 42.1% of the entire corpus. Geographically, research is highly concentrated in developing countries, with India (34 documents) and Indonesia (14 documents) being the main contributors and India acting as a hub for global collaboration. Keyword co-occurrence analysis identified three main conceptual clusters: (1) Core Entity Cluster (Msme); (2) Funding Issues Cluster (Finance, Financial inclusion, Access to finance); and (3) Outcome/Impact Cluster (Firm performance). Furthermore, Technology Adaptation emerged as a key thematic trend, indicating a shift in research focus toward digital solutions (FinTech). These findings provide a clear roadmap for researchers and critical insights for policymakers in designing interventions that target financial constraints and harness the potential of digital innovation for MSME sustainability.

Analysis of Financial Technology Adoption in Savings and Loan Cooperatives: A UTAUT Approach among Millennials

Viktor Amos — 2025-12-31

Digital transformation has driven credit unions to adopt application-based financial technology (fintech) services to enhance accessibility and efficiency. However, adoption rates among millennials—a generation considered digital natives—remain varied, indicating the presence of unique factors influencing their acceptance of such technology. This study aims to analyze the influence of factors within the Unified Theory of Acceptance and Use of Technology (UTAUT) model, including performance expectancy, effort expectancy, social influence, and facilitating conditions, on the intention to use fintech applications among millennials. The research was conducted among members of Credit Union (CU) Mekar Kasih, a savings and loan cooperative that has implemented a digital system through the Escete application. Data were collected through a survey of 100 millennial respondents (aged 25–40) who are active users of the application. Using Structural Equation Modeling (SEM) with a Partial Least Squares (PLS) approach, the findings reveal that performance expectancy and facilitating conditions significantly influence usage intention, indicating that millennials are motivated by functional benefits and infrastructural support. Conversely, social influence and effort expectancy were found to be insignificant, suggesting that social pressure and perceived ease of use are not primary drivers of adoption in this context. These findings offer practical implications for cooperative managers and fintech developers to focus more on enhancing value-added features and strengthening supporting infrastructure rather than relying on social factors or interface simplicity.

Youth Entrepreneurship and Digital Innovation in The Creative Economy

Akmal Abdullah — 2025-12-31

Youth entrepreneurship has emerged as a driving force in Indonesia’s creative economy, particularly as digital innovation continues to transform business models and market opportunities. This study quantitatively examines the influence of digital innovation on entrepreneurial performance among young entrepreneurs operating within various creative subsectors. Using a sample of 120 respondents recruited through purposive sampling, data were collected via structured questionnaires and analyzed using SPSS version 25. Descriptive analysis, validity and reliability testing, and multiple regression were employed to evaluate the relationships among key variables. The results indicate that digital innovation significantly enhances entrepreneurial performance, particularly through improved market reach, operational efficiency, and product differentiation. Furthermore, the findings reveal that digital tools and platforms play a mediating role in strengthening business sustainability among youth-led creative enterprises. This research contributes empirical evidence to the growing literature on digital entrepreneurship in emerging economies and provides practical implications for policymakers, incubators, and educational institutions seeking to foster digitally empowered young entrepreneurs in Indonesia.