Economic Education and Entrepreneurship Journal
Economic Education and Entrepreneurship Journal ISSN 2775-2607 (e), 2579-5902 (p) is a forum for information and publication of research or ideas of researchers, lecturers, teachers, education practitioners, policymakers, education observers and students in education, economics education, accounting education, entrepreneurship, and research innovations in economic education such as media development, blended learning, and mobile learning. First published in 2018 with a frequency of publishing twice a year. In 2022 the editorial team decided to increase the number of articles and change the publication format to a continuous publication format. The Economic Education and Entrepreneurship Journal was first published in 2018 by the Economic Education Study Program, the University of Lampung, in collaboration with ASPROPENDO. This journal is an open-access journal. This journal accepts articles throughout the year. Will be reviewed articles before publication. This journal is nationally accredited SINTA 3 DOI Journal: http://dx.doi.org/10.23960/E3J Journal Identity Indexed & Abstracted By
The Influence of Multicultural Education and Socio-Economic Literacy on Economics Teachers’ Understanding: A Quantitative Study in Central Lampung Regency
Teachers' understanding of economics is an essential factor in creating contextual and inclusive learning, which can be strengthened through multicultural education and socio-economic literacy. This study aimed to analyze the effects of multicultural education and socio-economic literacy on economics teachers' understanding in Central Lampung Regency. This research employed a quantitative approach using an explanatory survey design involving 30 economics teachers selected through purposive sampling. Data were collected using a Likert-scale questionnaire and analyzed through multiple linear regression with the assistance of IBM SPSS Statistics 25 after fulfilling the validity, reliability, and classical assumption tests. The results revealed that multicultural education had a positive and significant effect on teachers' understanding of economics (β = 0.403; p < 0.001). Socio-economic literacy also had a positive and significant effect on teachers' understanding (β = 0.212; p < 0.001). Simultaneously, both variables significantly influenced teachers' understanding and explained 65.4% of its variance (Adjusted R² = 0.654). In conclusion, strengthening multicultural education and socio-economic literacy is essential for improving economics teachers' understanding and supporting more contextual, inclusive, and socially responsive economics learning.
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Literacy, Family, and Technology: Unravelling the Driving Factors of Rural Community Investment Behaviour
Rural communities often show low levels of investment participation despite ongoing global financial and digital inclusion efforts. This study aims to investigate the driving factors of investment behaviour in rural areas by examining the impact of financial literacy, family environment, and technology literacy on investment interest. Using a quantitative approach with a survey design, data were collected from purposively selected samples in a developing rural area in Indonesia. The hypothesis was tested using multiple linear regression analysis. The results of the study revealed that financial literacy, family environment, and technology literacy had a significant and positive effect on the investment interest of rural communities, both partially and simultaneously (F = 81.867, p < 0.01). Furthermore, the proposed model was able to explain 76.2% (R² = 0.762) of the variation in investment interest, indicating the strong predictive ability of the selected variables. This study concludes that efforts to encourage investment behaviour in rural demographics require a holistic approach that synergises financial education, supportive family dynamics, and digital literacy. These findings provide valuable implications for policymakers and financial institutions in designing targeted and contextual financial inclusion programs for rural communities.
Market Legitimacy of Carbon Trading: Evidence from Public Sentiment and Digital Discourse Analysis
Carbon trading has gained prominence as a market-based instrument for climate change mitigation, yet its legitimacy depends heavily on public acceptance and trust. This study examines public sentiment, discourse structure, and narrative framing surrounding carbon trading in Indonesia using large-scale YouTube comment data. We applied BERT-based sentiment analysis, topic modeling, and narrative network analysis to a corpus of 15,000 user-generated comments, tracking discourse patterns and evaluating sentiment shifts before and after a major policy announcement. The findings reveal that negative sentiment dominates public discourse, though distinct neutral and positive clusters persist, indicating a polarized rather than uniformly oppositional public response. Narrative analysis shows that public discussions rarely engage with explicit policy or economic mechanisms; instead, carbon trading is embedded within broader social, national, and resource governance contexts. The narrative similarity network further identifies fragmented discourse communities rather than integrated public deliberation. Advanced metrics indicate moderate discourse concentration, a negative carbon market stability indicator, and a marginal policy communication effectiveness score. Event analysis demonstrates that policy announcements exert minimal short-term sentiment impact, with only a slight negative shift following the event. These results suggest that carbon trading policy legitimacy remains fragile in Indonesia's digital public sphere. We argue that effective communication strategies require sustained, context-sensitive engagement that translates technical mechanisms into narratives addressing local economic and social concerns, rather than relying solely on episodic or abstract climate framing. This study contributes an empirical socio-computational framework for monitoring real-time policy perception in emerging environmental markets.
Teacher Entrepreneurship In Education: Systematic Literature Review
Teacher Entrepreneurial Behavior (TEB) has gained increasing attention in educational literature in recent decades, in line with growing demands for innovation, adaptability, and sustainability in education systems. However, research on TEB remains scattered, conceptually and methodologically diverse, and has not been systematically synthesized. This article aims to map and synthesize the development of research on TEB through a Systematic Literature Review (SLR) approach. The article search process was conducted in accordance with the PRISMA guidelines using the Scopus database, identifying 25 articles that met the criteria for further analysis. The analysis focused on annual publication trends, geographical distribution, journal classification, theoretical foundations, and methodological approaches used in previous studies. The results of the analysis show that research on TEB has increased in the last decade and is dominated by studies conducted in East Asia, particularly China and Hong Kong. Theoretically, Social Cognitive Theory (SCT) and Theory of Planned Behavior (TPB) are the most widely used foundations, while methodologically, quantitative survey-based approaches and Structural Equation Modeling (SEM) dominate. However, the findings also reveal limitations in terms of geographical generalization, the dominance of cross-sectional designs, and the lack of exploration of the context and long-term impact of TEB. This article contributes by providing a comprehensive mapping, identifying research gaps, and formulating future research directions to strengthen the development of entrepreneurial theory and practice in the teaching profession.
Teacher Competence in the Digital Era: A Technology Acceptance Model (TAM) Analysis of the Ruang GTK Application in South Lampung Public High Schools Regency
This study aims to analyze the influence of using the “Ruang GTK” application on improving teacher competence at South Lampung Public High Schools Regency. The Ruang GTK application is a digital platform from the Indonesian of Ministry of Education and Culture designed to support teachers' professional development. The research employs a quantitative approach, utilizing the Technology Acceptance Model (TAM) framework and analyzed with Smart-PLS. Data were collected through questionnaires from 211 teachers, measuring key constructs: Perceived Ease of Use, Perceived Usefulness, Attitude Toward Using, and Behavioral Intention to Use the application, and their relation to teacher competence indicators. The results indicate that the use of the Ruang GTK application has a positive and significant influence on the improvement of teachers' pedagogical, professional, and technological competencies. The implication of this research emphasizes the importance of utilizing digital platforms to support teachers' continuous professional development.
The Effect of Work Motivation and Interpersonal Skills on Students’ Work Readiness
This study was aimed to determine: (1) the effect of work motivation on students' work readiness, and (2) the effect of interpersonal skills on students' work readiness. Descriptive quantitative research is used as the research approach. The population of this study was all 12th grade students at one of the State Vocational High Schools in Central Java, totaling 357 students. The sampling technique used proportionate random sampling and a sample of 189 respondents was selected. Data collection was in the form of a questionnaire instrument to measure the variables of work motivation, interpersonal skills, and work readiness. The data analysis technique was in the form of descriptive statistical analysis and hypothesis testing in the form of a t-test. The results of the study showed (1) work motivation had a positive and significant effect on students' work readiness with a significance value of 0.002, and (2) interpersonal skills had a positive and significant effect on students' work readiness with a significance value of 0.000.
Digital Innovation in Education Services: A Qualitative Study of Android-Based PPDB Implementation to Enhance Transparency and Service Quality
The rapid development of digital technology has encouraged educational institutions to adopt innovative approaches in delivering public education services. One critical area of digital transformation is the New Student Admission System (PPDB), which plays a strategic role in ensuring transparency, fairness, and service quality. This study aims to examine the implementation of an Android-based PPDB system as a form of digital innovation in education services at State Senior High School 1 Seputih Banyak. A qualitative descriptive approach was employed to explore users’ experiences and perceptions of transparency and service quality in the digital admission process. Data were collected through semi-structured interviews with students, parents, and school stakeholders who were directly involved in the PPDB process and analyzed using thematic analysis. The findings indicate that the Android-based PPDB system contributes positively to the modernization of education services by improving efficiency, accessibility, and transparency. Users perceived clearer dissemination of admission information, greater openness in the selection process, and enhanced convenience compared to manual admission mechanisms. The system also improved service quality by reducing administrative complexity and facilitating faster communication. However, challenges related to technical reliability and varying levels of digital literacy among users were identified as factors influencing system effectiveness. Overall, the study highlights that digital PPDB implementation can strengthen public trust and enhance education service delivery when supported by reliable infrastructure and adequate user assistance. The findings underscore the importance of user-centered qualitative evaluation in understanding the practical impact of digital innovation in education services.
The Effect of Digital Literacy, Work Experience, and Family Support on Entrepreneurial Interest With Self-Confidence as a Moderation
This study aims to analyze the influence of digital literacy, work experience, and family support on entrepreneurial intentions using the Theory of Planned Behavior (TPB) framework. Entrepreneurial intentions are seen as an important predictor of future entrepreneurial behavior, particularly in the context of rapid digital transformation. This study used a quantitative approach with a survey method. The study population was university students with a sample of 230 respondents selected using a proportional sampling technique. Data were collected through a structured questionnaire with a five-point Likert scale. The data analysis technique used was path analysis with the help of SPSS. The results showed that digital literacy had a positive and significant effect on entrepreneurial attitudes, work experience had a significant effect on perceived behavioral control, and family support had a significant effect on subjective norms. Furthermore, entrepreneurial attitudes, perceived behavioral control, and subjective norms were proven to have a positive and significant effect on entrepreneurial intentions. These findings confirm that the Theory of Planned Behavior is an appropriate model in explaining entrepreneurial intentions. This study emphasizes the importance of strengthening digital literacy, providing relevant work experience, and family support in fostering students' entrepreneurial intentions in the digital era.
Evaluation of Asset and Liability Management Strategies on Financial Stability in Indonesian Listed Banks: Moderating Effects of Bank Characteristics
This research investigates how the Liquidity Coverage Ratio (LCR) influences the financial stability of banks listed on the Indonesian stock exchange, considering the moderating roles of Net Interest Margin (NIM), Capital Adequacy Ratio (CAR), bank size, and asset growth. This study utilizes secondary data from the annual reports of 27 conventional banks listed on the Indonesia Stock Exchange, covering the period 2020–2024, this research employs a quantitative causal-comparative approach with multiple linear regression and robust standard errors in STATA. Financial stability is measured using the Z-Score, while LCR represents short-term liquidity. The results indicate that the direct effect of LCR on financial stability is significant but negative, suggesting that excessive liquidity may reduce profitability and weaken stability. However, when moderated by CAR, bank size, and asset growth, LCR positively and significantly influences financial stability, highlighting the importance of internal bank characteristics in enhancing resilience. In contrast, NIM does not significantly strengthen the effect of LCR on stability, implying that profitability alone may not optimize the impact of liquidity. Overall, the study demonstrates that the effectiveness of liquidity in maintaining bank stability depends on the bank’s internal conditions, including capital adequacy, size, and asset growth, while the role of profitability remains limited. These findings provide insights for bank managers and regulators on the strategic management of liquidity and internal resources to support sustainable financial stability, particularly in post pandemic conditions and under global economic uncertainties.
The Influence Of Lifestyle On Consumptive Behaviour With Self-Concept as A Mediating Variable
This study aims to examine the indirect effect of stimuli on consumptive behaviour through mediation, namely, self-concept. The sample in this study used a purposive sampling technique with a total of 95 students in Madiun City. This study used a quantitative approach with a path analysis of Partial Least Squares-Structural Equation Modelling (PLS-SEM) using SmartPLS. The results showed that the mediation path of self-concept significantly mediated the effect of stimuli on consumptive behaviour. This finding provides a theoretical contribution by strengthening the application of the S-O-R theory in the context of consumptive behaviour, as well as a practical contribution by emphasising the importance of strengthening self-concept as a strategy to control consumptive behaviour amidst an increasingly complex modern lifestyle. Furthermore, this study opens opportunities for further studies by exploring other variables to explain consumptive behaviour more comprehensively.
Employee Performance as Human Capital in Realizing an Integrity-Based Educational Organization
This study examines employee performance as human capital in realizing an integrity-based educational organization, focusing on the Directorate of Junior High Schools, Ministry of Primary and Secondary Education. Using a quantitative approach, data were collected from 122 employees and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results show that leadership, employee competence, and work motivation significantly affect employee performance. However, employee performance shows a significant negative impact on achieving the Integrity Zone towards a Corruption-Free Area (ZI WBK), revealing a gap between administrative performance and the internalization of integrity values. Conversely, employee competence shows the strongest and most consistent positive influence on ZI WBK achievement, both directly and indirectly. The mediating role of employee performance is found to be complex and ambivalent, indicating that performance can act as both a driver and a constraint on organizational integrity if not guided by ethical values. These findings contribute to the human capital and public sector management literature by highlighting the non-linear relationship between performance and integrity in educational bureaucracy. Practically, this study emphasizes the need for integrating ethical leadership, competency development, and integrity-based performance evaluation to support sustainable integrity reforms in public education organizations.
Determinants of Teachers’ Acceptance of an AI-Powered Essay Assessment System: A TAM Study of Esygrade in Economics Education
This study examines teachers’ acceptance of Esygrade.com, an AI powered automated essay assessment system designed to support more efficient and consistent evaluation of students’ conceptual understanding in economics education. Manual essay scoring remains highly time consuming and prone to inter rater inconsistency, prompting increased interest in Automated Essay Scoring (AES) and large language model-based assessment tools. However, despite rapid technological advancements, teacher acceptance of AI assessment systems remains underexplored. Using the Technology Acceptance Model, this study analyzes how perceived ease of use, perceived usefulness, and attitude shape teachers behavioral intention to adopt Esygrade.com. A quantitative research design was employed with 30 senior high school economics teachers who explored the system before completing a validated questionnaire adapted from recent AI TAM studies. Data were analyzed using Partial Least Squares Structural Equation Modeling. The results show that perceived ease of use strongly influences both perceived usefulness and attitude, positioning usability as the most critical factor in teacher’s evaluations of AI supported assessment. Perceived usefulness significantly affects attitude but does not directly predict behavioral intention, while attitude emerges as the strongest determinant of intention to use the system. These findings indicate that teacher’s willingness to adopt AI powered assessment tools depends not only on their functional benefits but also on positive affective evaluations and user readiness. The study provides theoretical insight into AI acceptance in assessment contexts and practical guidance for developers and institutions seeking to integrate AI based scoring systems into classroom practice.
The Influence of Social Media Community, Social Media Advertising, User-Generated Content, and Micro-Celebrity on Online Impulse Buying Intention And Behavior
This study analyzes the influence of Social Media Community, Social Media Advertising, User-Generated Content, and Micro-Celebrity on impulsive buying intention and impulsive buying behavior among Indonesian consumers of Wardah beauty products. Impulsive buying has become increasingly common due to the persuasive nature of digital content and interactive social media environments. Using a quantitative method, data were collected through an online survey of 303 active social media users who had previously purchased Wardah products via e-commerce platforms. The research employed Partial Least Squares–Structural Equation Modeling (PLS-SEM) to examine direct and indirect relationships among variables. The results show that all four social media stimuli significantly and positively affect impulsive buying intention, which in turn significantly predicts impulsive buying behavior. Micro-Celebrity is identified as the strongest predictor, followed by Social Media Advertising, Social Media Community, and User-Generated Content. The findings highlight the importance of credible digital interactions in stimulating spontaneous online purchasing decisions.
Integrating Sustainability Education In Economics And Business Education: A Systematic Literature Review
Sustainable Education (ESD) is an important approach in economics and business education to shape students' sustainable competencies. However, there are still research gaps regarding its integration, implementation factors, and impacts, so a systematic study is needed to map trends, factors, and their influence on student competencies. This study uses the Systematic Literature Review (SLR) method with the PRISMA approach to systematically analyze the integration of sustainability education into economics and business education, drawing on Scopus data. Through identification, screening, and selection based on specific criteria, 752 initial documents were screened, yielding 31 articles that met the criteria for further analysis. The results show that research on integrating sustainability education into economics and business education is on the rise, though it is still in its early stages and offers significant potential. The success of its implementation is influenced by the synergy of pedagogical, structural, and contextual factors and has been proven to improve students' cognitive, affective, and behavioral competencies in the formation of sustainable change agents. This study presents a comprehensive synthesis of trends, implementation factors, and the impacts of sustainability education in economics and business education, and offers a conceptual framework that can serve as a reference for curriculum development, learning practices, and sustainability education policies.
The Effect of Financial Reporting on Predicting Stock Price Volatility in Manufacturing Public-Listed Companies
Stock price volatility can be caused by insufficient or inaccurate financial data, which can lead to mistakes in a company's valuation. Many investors initially review financial information before determining whether or not to invest in a company. This study aims to investigate the effect of financial statements using several financial ratios such as Current Ratio (CR), Solvency Ratio (SR), Return on Assets (ROA), and Profit Margin (PM) on the Stock Price with Firm Size as a control variable. The impact of financial statement information on stock price volatility is explained by signaling theory. Using the purposive sampling technique, the number of samples selected was 133 manufacturing publicly listed companies on the Indonesian Stock Exchange (IDX) in 2019-2023. The data were analyzed using multiple regression analysis. Results show that CR and ROA had no significant influence on stock prices, while SR, PM, and Firm Size significantly influenced stock prices. Firm Size had the greatest positive influence among all predictors that indicating that the increase in company size was significantly linked to the rise in share prices. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.287-297
Stimulating the Spirit of Digital Entrepreneurship through Business Economics and Digital Subject: A Mixed-Method Approach
In the increasingly dynamic digital era, instilling a digital entrepreneurial spirit from an early age is a crucial strategy in facing the challenges of the working world. This study aims to analyze the integration of Business Economics and Digital subject from the perspective of student perceptions and campus support for stimulating digital entrepreneurship. The method used was Explanatory Sequential Mixed Methods, with the research sample consisting of students in Economics Education Study program, Faculty of Teacher Training and Education, who had taken the subject in the Even Semester of the academic year 2024/2025 at Patompo University. Data were collected through a triangulation method, where quantitative data were analyzed using multiple linear regression, while qualitative data were reduced, sorted, and presented in narrative text. The results of this study indicate that student perceptions of the Business Economics and Digital subject have a positive and significant influence on increasing student entrepreneurial spirit. This is inversely proportional to campus support. Meanwhile, these two variables jointly influence digital entrepreneurial intentions. The findings also demonstrate the importance of strengthening theoretical, practical, and networking aspects in adaptive and integrated learning to encourage the emergence of innovative young entrepreneurs in the era of digital transformation.that students’ pedagogical competence can fully meet the expected standards. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.277-286
Evaluation of Pedagogical Competence of Microteaching Student Teachers: An Exploratory Study
This study aims to evaluate the pedagogical competence of microteaching practicum students at Yogyakarta State University in 2025. Microteaching is viewed as a strategic pedagogical laboratory that equips prospective educators with teaching skills before they directly enter schools. This research employs a quantitative approach with proportional sampling, involving 169 sixth-semester students from the Accounting Education, Economics Education, and Office Administration Education study programs. Data were collected through questionnaires, observations, and interviews, then analyzed using descriptive statistics and the discrepancy model. The findings indicate that, overall, students’ pedagogical competence falls into the high category with an average score of 3.782 out of the 4.00 competency standard. Nevertheless, there is a gap of 0.218 points, with the largest discrepancy found in the aspect of learning outcome evaluation (0.237 points), indicating students’ weaknesses in developing authentic assessment instruments and providing consistent feedback. Conversely, the aspect of student development shows the smallest gap (0.198 points), reflecting relatively stronger abilities in guiding students’ academic and non-academic potential. In conclusion, microteaching plays an important role in enhancing students’ pedagogical competence; however, special reinforcement strategies are still needed, particularly in the aspect of learning outcome evaluation. Intensive training in assessment instrument development, habituation with authentic assessments, and strengthening feedback skills are recommended so that students’ pedagogical competence can fully meet the expected standards. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.269-276
Resilience of Service-Based MSME Entrepreneurship in Yogyakarta: The Role of Entrepreneurial Mindset, Adaptability, and External Support
Micro, small and medium enterprises (MSMEs) in the service sector make an important contribution to the regional economy, but are vulnerable to the dynamics of an uncertain business environment. The inability to survive crises highlights the need for resilience as a key factor in business sustainability. This study aims to analyse the influence of entrepreneurial mindset, adaptability and external support on the business resilience of service MSMEs in Yogyakarta. The study uses a quantitative approach with a survey method. The research population consists of service MSME actors registered with the Cooperative and SME Office, with a sample of 250 respondents selected through purposive sampling. The research instrument is a questionnaire with a five-point Likert scale. Data analysis was performed using Partial Least Squares Structural Equation Modelling (PLS-SEM) using SmartPLS. The results showed that the three independent variables, namely entrepreneurial mindset, adaptability, and external support, had a positive and significant effect on the business resilience of service MSMEs. These findings confirm that a proactive entrepreneurial mindset, the ability to adapt to change, and support from external parties are the main determinants in building business resilience. Theoretically, this study reinforces the Resource-Based View (RBV) and Entrepreneurial Resilience Theory by emphasising the importance of combining internal and external resources. Practically, the results of this study recommend the need to increase entrepreneurial capacity through training, service innovation, and government policy support and business networks. Thus, this study contributes to the development of the entrepreneurial resilience literature and offers practical implications for strategies to enhance the resilience of service-based MSMEs in developing countries. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.259-268
Analysis of Factors Hindering Generation Z in Entrepreneurship
The low interest in entrepreneurship among students is still a serious challenge for universities in Indonesia. Although various entrepreneurship programs and trainings have been widely organized, most graduates still prefer the path as a job seeker than a job creator. This study aims to identify the factors that hinder Generation Z, especially students, in choosing the path of entrepreneurship. The study uses a quantitative approach with Exploratory Factor Analysis (EFA) techniques to uncover the latent structure of barriers to entrepreneurship. The population of the study were students of Sebelas Maret University participants in the Independent Entrepreneurship program with 161 respondents from various study programs. The research instrument consisted of 14 valid statements measured by a 5-point Likert scale. The results of the analysis showed two main factors causing low interest in entrepreneurship, namely personal readiness as the dominant factor that includes limited knowledge, skills, motivation, and courage to take risks and the influence of the entrepreneurial ecosystem related to access to funding, mentoring, and contextual pressures. These two factors together account for 39% of the total variance. These findings provide theoretical contributions in expanding the understanding of multidimensional barriers faced by Generation Z as well as practical contributions as the basis for the formulation of more effective entrepreneurial learning strategies in higher education. Further research is recommended to use Confirmatory Factor Analysis (CFA) to test the suitability of the model and improve the reliability of research instruments. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.250-258
Strengthening Entrepreneurship Education in Society era 5.0 Through Tactical Programs and En-Tre-Pr-E-N-E-U-R-S-H-I-P Attitudes Development
This study aims to provide an applicable conceptual contribution to stakeholders in order to strengthen entrepreneurship education in the era of Society 5.0. This article uses a qualitative approach through a literature study that focuses on the dynamics and implementation of entrepreneurship education in higher education institutions. The findings of this study indicate that the strengthening of entrepreneurship education can be optimised through six collaborative programmes involving relevant stakeholders, tailored to the policies and characteristics of each higher education institution. In addition, this study also proposes the development of a basic En-Tre-Pr-E-N-E-U-R-S-H-I-P attitude as a conceptual foundation for the formulation of a relevant and contextual entrepreneurship curriculum in higher education. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.242-249
Teachers' Perceptions of Sustainable Education and its Impact on the Quality of Learning and Graduate Outcomes
This study aims to analyze the effect of teachers' perceptions of sustainable education on the quality of learning and graduates' competence. The research uses an explanatory quantitative approach with purposive sampling techniques, involving 42 teachers in Natar District, South Lampung. Data were collected through standardized questionnaires and analyzed using correlation tests and canonical analysis to examine the relationships between variables. The research results indicate that teachers' perceptions of sustainable education have a significant effect on the quality of learning with a correlation value of ρ = 0.548 (p < 0.05). In addition, teachers' perceptions also have a strong influence on the quality of graduates with a correlation value of ρ = 0.659 (p < 0.05). Simultaneously, canonical analysis produces a canonical correlation value of 0.698, indicating a fairly strong relationship between teachers' perceptions and the quality of learning and graduates' competence. This finding confirms that the more positive the teachers' perceptions, the higher the quality of learning produced, resulting in graduates who excel both academically and non-academically. Therefore, strengthening teacher capacity through continuous training, workshops, professional mentoring, and education policies oriented towards sustainability is very necessary to ensure the effective and continuous implementation of sustainable education in schools. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.231-241
Development of an Android-Based E-Booklet on Money and Financial Institutions at SMA Muhammadiyah 1 Sekampung Udik
In the rapidly evolving digital era, the demand for technology-based learning media is increasing to support interactive and relevant learning processes. However, economics education at SMA Muhammadiyah 1 Sekampung Udik still faces several challenges, including students' difficulties in understanding abstract economic concepts, limited interactive learning media, and a lack of teaching materials aligned with the Kurikulum Merdeka. To address these issues, this study aims to develop an Android-based e-booklet as a valid and practical learning medium for economics education, specifically focusing on the topic of money and financial institutions. This research employs the Research and Development (R&D) method using the 4D model, which consists of four stages: definition, design, development, and dissemination. The research instruments include interviews with educators to identify challenges in economics learning and validation questionnaires involving media experts, subject matter experts, and students. The validation results indicate that the e-booklet achieved an average validity score of 95%, categorized as highly valid. A limited trial involving 15 tenth-grade students demonstrated a practicality level of 92%, classified as highly practical. The e-booklet features an intuitive navigation system, visually appealing design, and systematically structured interactive content, enhancing students' comprehension of abstract economic concepts. Based on the findings, the e-booklet is deemed effective in supporting innovative and relevant digital learning. Furthermore, it contributes to creating a more engaging learning environment, thereby fostering students' enthusiasm for learning. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.222-230
Money and Financial Institutions Content
The Influence of Entrepreneurship Education, Entrepreneurial Orientation and Green Behaviour on Business Sustainability Using Green Entrepreneurship in the Culinary Business
Culinary businesses provide unique and contemporary insights on how Green Entrepreneurship can be a solution for enterprises. Tourist destinations not only serve as profitable tourism and culinary tourism places, but also deal with environmental challenges such as food waste and plastic usage. This study aims to analyze the influence of Entrepreneurship Education, Entrepreneurial Orientation, and Green Behaviour on business sustainability with Green Entrepreneurship as the intervening variable. The research method uses an exploratory approach with Partial Least Squares Structural Equation Modelling (PLS-SEM) to test the relationships between variables. The sample consisted of 60 culinary businesses in Java and Bali that were purposively selected. The research results show that entrepreneurship education and entrepreneurial orientation do not have a significant impact on business sustainability through Green Entrepreneurship. Green Behaviour has been proven to have a positive and significant impact in driving business sustainability through the role of Green Entrepreneurship. Environmental awareness or green behaviour takes an important role in encouraging sustainable business practices in the culinary industry. This research emphasizes the importance of incorporating environmentally friendly practices into businesses to achieve sustainability, especially in the culinary business. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.210-221
Optimizing Gen-Z Employee Performance through Talent Management Strategies: A Partial Least Squares Approach
Research related to optimizing Generation Z employee performance through talent management is still limited, particularly among Gen Z employees in Bandar Lampung City. Gen Z possesses distinct characteristics from earlier generations, thereby requiring the application of suitable talent management strategies to maximize their potential. This study seeks to examine the effect of talent management on Generation Z employees’ performance, focusing on three main dimensions: recruitment and selection, employee retension and talent development. The research employs a quantitative approach, with data collected through an online Google Form questionnaire. The sample was determined using a purposive sampling technique, involving 155 respondents. Data were analyzed using the Partial Least Squares (PLS) method. The findings indicate that all indicators of talent management have a positive and significant influence on employee performance. Recruitment and selection had a significant and positive effect on employee performance, employee retention has a significant and positive effect on employee performance and talent development has a significant and positive effect on employee performance. Therefore, this study emphasizes that the implementation of effective talent management strategies, starting from the recruitment and selection process, competency development, until retention the employees plays a crucial role in improving the performance of Generation Z employees. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.203-209
Analysis of Financial Literacy and Sustainable Financial Literacy Levels in Surakarta’s MSMEs
The important factors in business management, especially for MSMEs, are financial literacy and sustainable financial literacy. However, research in this field in developing countries is still lacking. This study fills that gap by analyzing the financial literacy and sustainable financial literacy levels among MSME entrepreneurs in Surakarta. A descriptive quantitative approach through the survey method was chosen in this study. The sample in this study consists of 180 MSME entrepreneurs who are still actively operating in Surakarta, selected using non-probability sampling techniques. The results indicate that both the overall level of financial literacy and sustainable financial literacy remain relatively low. Financial literacy and sustainable financial literacy levels can be influenced by gender, age, and education. However, the financial literacy level among MSME entrepreneurs in Surakarta is higher than their sustainable financial literacy level. These findings have important implications for MSME entrepreneurs, the Surakarta government, universities as MSME partners, and the government for the development of MSMEs in realizing sustainable businesses. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.194-202
Mapping Economic Literacy: A Systematic Literature Review and Research Agenda
Economic literacy is a crucial skill for navigating the complexities of the modern economy, yet the understanding of this concept remains fragmented and uneven across various groups in society. This research aims to map economic literacy through a systematic review of 36 articles from the Scopus database published between 1990 and 2025. The methods employed involve systematic stages, ranging from searching and filtering to thematic analysis of the findings. The results suggest that economic literacy is influenced by family education, educator competency, and psychological factors, including self-efficacy. Economic literacy also plays a role as a mediator in shaping economic behaviour and entrepreneurial intention. The conclusion emphasizes the importance of an interdisciplinary approach and the integration of digital literacy in the development of future economic policies and education. This research presents a research agenda and practical recommendations to enhance economic literacy worldwide. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.181-193
Balancing Rewards: The Comparative Impact of Financial and Non-Financial Compensation on Employee Performance
This research examines the impact of financial and non-financial compensation schemes on employee performance using literature review. Financial compensation, including salaries, bonuses, and allowances, is consistently associated with short-term productivity, employee retention, and fulfillment of basic economic needs. By contrast, non-financial compensation—such as recognition, career growth opportunities, supportive leadership, and a positive organizational climate—proves to be more effective in sustaining long-term engagement and intrinsic motivation. Comparative evidence suggests that financial rewards serve as foundational drivers of fairness and security, while non-financial rewards enhance discretionary effort and deeper commitment once financial adequacy is achieved. The findings indicate that neither scheme is inherently superior; instead, the integration of both within a total rewards framework yields the most effective outcomes. Managerial implications underscore the need for organizations to maintain competitive financial packages while investing in non-financial strategies tailored to workforce demographics and cultural contexts. Overall, this study highlights that a balanced and context-sensitive compensation approach is critical for optimizing employee performance and sustaining organizational competitiveness. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.169-180
The Effect of Entrepreneurship Education and Digital Literacy on Entrepreneurial Behavior with Self-Efficacy as a Mediation Variable on Students of The Faculty of Economics and Business
This study aims to analyze the influence of entrepreneurship education and digital literacy on entrepreneurial behavior, with self-efficacy as a mediating variable, among students at the Faculty of Economics and Business, Surabaya State University. This study used a quantitative approach with a questionnaire method. The study population was students of the Faculty of Economics and Business, class of 2022, who had taken Entrepreneurship courses and had entrepreneurial experience. A sample of 314 respondents was obtained through proportional random sampling. Data were collected using a questionnaire and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results showed that: (1) entrepreneurship education had a positive and significant effect on students' entrepreneurial behavior; (2) digital literacy had a positive and significant effect on entrepreneurial behavior; (3) self-efficacy had a positive and significant effect on entrepreneurial behavior; (4) entrepreneurship education influenced entrepreneurial behavior through self-efficacy; and (5) digital literacy influenced entrepreneurial behavior through self-efficacy. This study emphasizes the importance of entrepreneurship education, digital literacy, and self-efficacy in shaping students' entrepreneurial behavior. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.152-168
Analysis of High School Students' Critical Thinking Skills on Capital Market Material
This study aimed to analyze students’ critical thinking skills on the topic of capital markets based on four critical thinking indicators by Facione, namely interpretation, analysis, evaluation, and inference. The research was classified as quantitative descriptive research. The population consisted of 432 tenth-grade students from SMA Negeri 1 Karanganyar in the 2024/2025 academic year. A proportional random sampling technique was employed to select 208 students as the sample. Data were collected through multiple-choice tests that had been validated by experts and tested for reliability. The results showed that, for the interpretation indicator, 56% of students were in the high category, 35% in the medium category, and 9% in the low category. For the analysis indicator, 47% of students were in the high category, 50% in the medium category, and 3% in the low category. For the evaluation indicator, 33% were in the high category, 35% in the medium category, and 32% in the low category. Regarding the inference indicator, 21% were in the high category, 47% in the medium category, and 32% in the low category. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.146-151
Greening the Road: An Analysis of Factors Influencing Consumer Decisions to Convert from Conventional Vehicles to Electric Vehicles
This research aims to reveal the factors that play a central role in influencing consumers' decisions to convert conventional vehicles to electric vehicles, presenting a research context that focuses on consumer dynamics in adopting environmentally friendly technologies. By integrating the perspectives of innovation theory, consumer behaviour, and sustainability, this research analyses critical variables that shape consumer attitudes, intentions, and behaviour regarding vehicle conversion. It is hoped that the results of this research will provide in-depth insight to stakeholders and the general public about the dynamics of consumers involved in the vehicle conversion process. Thus, this research makes a significant contribution in driving the transformation towards sustainable and low-carbon mobility. DOI: http://dx.doi.org/10.23960/E3J/v8.i2.140-145