Business Innovation and Entrepreneurship Journal

The Influence of Rural Infrastructure Fund Policy Implementation on Fund Management and Effective Utilization in Garut Regency

Agus Muhammad Barkah — 2025-11-01

This research aims to analyze the influence of rural infrastructure funds policy implementation on funds management and the effectiveness of their usage in Garut Regency. The study employed an explanatory method with evaluation techniques. The population consisted of 421 villages across 42 districts, with 84 villages selected through purposive sampling, using the Headman as the unit of analysis. Data were collected through observation, interviews, questionnaires, and documentation, while hypothesis testing used path analysis. The results show that policy implementation significantly influences funds management (49.93%) and the effectiveness of funds usage (total effect 31.11%). Funds management also has a significant effect on the effectiveness of usage (33.24%). Overall, policy implementation contributes positively to management and effectiveness, with a total influence of 64.36%, while 35.64% is explained by other factors. Direct effects of policy implementation on effectiveness reached 17.80%, with an indirect effect through management of 13.31%. The study also highlights several problems: (1) inadequate quality of village apparatus in policy implementation, (2) lack of effective determination of policy alternatives in funds management, and (3) delays in financial report submissions by many rural governments. These findings suggest the need for capacity-building and stricter monitoring to optimize rural infrastructure funds usage.

The Influence of Creative Economy-Based Entrepreneurial Cognitive on Entrepreneurial Success

Alni Dahlena — 2025-11-01

Basically, the concept of entrepreneurship includes an individual's ability to recognize opportunities, overcome challenges, and adapt to rapid change. Cognitive entrepreneurship is closely related to entrepreneurship education which is aimed at improving creative and critical thinking skills. The aim of this study is to analyze the influence between creative economic variables and entrepreneurial cognition in encouraging entrepreneurial success. The research method uses a cross-sectional survey approach. This approach was chosen to obtain data from respondents at a certain time. Data collection techniques using questionnaires. Data analysis was performed using SmartPLS software. Descriptive analysis was conducted to provide a general overview of the respondents. Furthermore, multiple regression analysis (SEM) was conducted. The results of this study identified that the creative economy variable towards entrepreneurial success had a coefficient of 0.140, while the entrepreneurial cognitive variable towards entrepreneurial success had a coefficient of 0.652. It was identified that the combination of creative economy and entrepreneurial cognitive factors was able to explain approximately 52.7% of the variation in entrepreneurial success. The results of the analysis of these coefficient values were relatively low to moderate, so their influence was not too dominant. The bootstrapping results showed a coefficient value of 0.000, which means the influence of entrepreneurial cognition on entrepreneurial success was not significant. Therefore, the influence of creative economy-based entrepreneurial cognition on entrepreneurial success is a complex interaction in developing benchmarks for entrepreneurial success.

Community-Based Financial Management Models in Supporting Regenerative Tourism in Samosir Regency

Vina Gabriella Saragih — 2025-11-01

This study aims to examine the relationship between community-based financial management models and the success of regenerative tourism in Samosir Regency, Indonesia. Using a mixed approach with sequential explanatory design, data was collected from 150 respondents and 15 key informants in six tourist villages through surveys, interviews, and document analysis. Quantitative findings show that budget participation, financial transparency, and local financial literacy have a significant effect on the effectiveness of regenerative tourism. The thematic analysis also highlights the role of customary institutions and social beliefs in strengthening village financial governance. This research resulted in a contextual logic model that integrates community-based financing with environmental, cultural, and institutional regeneration. These findings contribute to the development of participatory governance theory and provide practical implications in building an inclusive tourism finance system.

Determinants of Firm Value in the Indonesian Banking Sector: A Study on Profitability, Leverage, and Dividend Policy

Dede Sri Rahayu — 2025-11-01

This study aims to investigate and provide empirical evidence regarding the influence of profitability, leverage, and dividend policy on firm value. The research population comprises 141 financial data entries collected from 47 companies that were part of the banking sector between 2021 and 2023. The sampling technique employed is purposive sampling. The sample was selected based on the following criteria: (1) companies listed in the banking sector on the Indonesia Stock Exchange (IDX) during 2020–2023; (2) companies with complete financial report data; and (3) companies that consistently distributed dividends throughout 2020–2023. Based on these criteria, the final sample consisted of 60 financial data entries from 20 companies across three observation periods. This study employs a verification analysis method and utilizes panel data regression analysis as its analytical technique. The results of the hypothesis testing indicate that profitability and leverage have a positive effect on firm value, whereas dividend policy does not have a significant impact on firm value.

Keywords: Firm Value; Profitability; Leverage; Dividend Policy; Banking Sector

How Brand Community Practices Create Value: Evidence from Maternal Disaster

Irdan Fattur Mi'raj — 2025-11-03

This study examines how brand community practices create value within Maternal Disaster, an independent Indonesian fashion brand rooted in underground music and subcultural aesthetics. Drawing on the theoretical framework of value-creating practices (Schau, Muñiz, & Arnould, 2009), this research employs a qualitative case study approach based on secondary data collected from digital sources, including social media content, online publications, and event documentation. The analysis identifies three key community practices, social networking, community engagement, and impression management, that collectively sustain the brand’s cultural vitality. These practices enable consumers to co-create symbolic, social, and emotional value through shared creativity, collaboration, and expressive participation. The findings reveal that Maternal Disaster functions as more than a commercial entity, it operates as a living cultural community where meaning and identity are collectively produced. Symbolic value emerges from the shared construction of artistic and ideological meanings, social value from collaborative participation and belonging, and emotional value from affective bonds among members. These interwoven dimensions generate outcomes such as strong brand attachment, voluntary advocacy, and the accumulation of cultural capital. The study contributes to the literature on brand community and co-creation by illustrating how independent brands in emerging markets can leverage cultural participation to build authenticity and resilience. Practically, it highlights that fostering organic, participatory communities can serve as a sustainable strategy for cultural and commercial differentiation in the contemporary creative economy.

ENTREPRENEURIAL BEHAVIOR AND OPPORTUNITY RECOGNITION IN GLOBAL CAREER DEVELOPMENT

Helmy Rahayu — 2025-11-03

Motivation plays a vital role in fostering entrepreneurial behavior and influencing decisions of career advances in the international arena. The aim of this qualitative study is to understand how aspects of entrepreneurial motivation, namely need for achievement, autonomy, and risk tolerance, influence individuals seeking to explore cross-border professional experiences. Data collection involved semi-structured interviews with a sample of young professionals who have acquired international experience, followed by thematic analysis of transcribed interviews to create an interpretation of the data. From the thematic analysis, five thematic representations emerged, including: entrepreneurial motivation to pursue international opportunities; risk taking and risk perception in the decision-making process; adaptive learning and cross-cultural adaptability; networking and recognition of global opportunities; and merging of entrepreneurial motivation with international career theory. The results suggest the findings indicate that high motivated individuals are hungry for international opportunities, will seek information and resources to pursue their goal, and develop innovative and strategic connections to manage uncertainty. It seems international experience serves as a media/platform for entrepreneurial learning, and for fostering adaptive decision making and recognition of and facilitating opportunity use. Overall, the study demonstrates that entrepreneurial motivation is not limited to creating new ventures but motivates proactive behavior when considering global careers and career advances. From a theoretical contribution, I examined the Theory of Entrepreneurial Motivation, followed by Effectual Theory, in relation to the international career behavior exhibited. I employ practical contributions for organizations to develop workforce capabilities when considering cross-border careers, as well educational institutions in educating students to navigate this arena.