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
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
The Influence of Digital Literacy, Locus of Control and Entrepreneurship Education on Students' Entrepreneurial Intentions at UNNES Class of 2022
This study aims to measure the level of entrepreneurship education, locus of control, and digital literacy, and analyze the influence of these three variables on entrepreneurial intentions, both partially and simultaneously, among students. The research method used was quantitative, with data collection carried out through the distribution of questionnaires to 133 student respondents. The research tool consisted of a questionnaire consisting of 37 statements using a five-point Likert scale. The sampling technique used is purposive sampling. Data analysis included normality, linearity, multicollinearity, heteroscedasticity, multiple linear regression, t-test, F test, and determination coefficient. The results of the normality and linearity test showed that the data was distributed normally and the relationships between variables were linear. Multicollinearity and heteroscedasticity tests showed no problems that could interfere with the validity of the regression model. The results of the partial test (t-test) showed that entrepreneurship education and digital literacy had a significant influence on entrepreneurial intentions, while the locus of control had no significant influence. The results of the simultaneous test (F test) show that the three variables collectively have a significant influence on entrepreneurial intentions. A determination coefficient (R²) of 46.8% indicates that the variables of entrepreneurial education, locus of control, and digital literacy collectively explain 46.8% of the variation in entrepreneurial intentions, while the rest are influenced by factors outside the scope of this study. This study recommends improving the quality of entrepreneurship education and digital literacy as an effort to increase entrepreneurial interest among students. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.132-139
Examining the Effectiveness of an Entrepreneurship Module Integrated with Project-Based Learning
This study aims to test the effectiveness of an entrepreneurship learning module integrated with the Project-Based Learning (PjBL) model for students of Economics Education at Pamulang University. This study uses a Research and Development (R&D) approach by adapting the Borg and Gall model. The instrument used in this study was a test given to 20 students taking the entrepreneurship course. Data collection techniques included student response questionnaires, as well as pre-tests and post-tests. The results showed a significant increase in student learning outcomes that the sig a value of 0.000 <0.005, which means that there is a significant difference in student learning outcomes before and after using the project-based learning module. This finding indicates that the module is effective in improving students' understanding of entrepreneurship material. In addition, the discussion shows that the use of the PjBL-based module not only improves cognitive abilities but also strengthens students' self-confidence, creativity, collaboration skills, and problem-solving. Therefore, this module is considered feasible and has a positive impact as an entrepreneurship learning tool in higher education. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.127-131
The Influence of Lifestyle on the Consumptive Behavior of Economic Education Students at the University of Lampung
The life style of students today is a driving force in their consumption patterns. As part of the younger generation, students are easily influenced by their surrounding environment, including in shopping habits or consumption of goods. This study focuses on analyzing the influence of lifestyle on the consumptive behavior of students in the 2023 Economic Education Study Program at Universitas Lampung. This study applies a quantitative approach with a descriptive verification method, and uses an ex post facto design and data collection techniques through surveys. The total population in this research consists of 79 students, and the entire population is used as a sample through a saturated sampling technique. Data is obtained through the distribution of a questionnaire designed to measure students' perceptions of each variable, with instruments that have passed validity and reliability tests. Data processing is conducted using simple linear regression analysis, which also includes a t-test and testing classic assumptions. The research findings show that lifestyle significantly and positively influences the consumptive behavior of students, with an influence level of 87.4%. This finding emphasizes that managing lifestyle through strengthening financial literacy is essential to form wise consumption behavior among students today. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.119-126
Optimization of Digitalization-Based MSMEs by the Dinas Koperasi dan UKM of South Tangerang City
This study explores the role of the Dinas Koperasi dan UKM of South Tangerang City in optimizing the digital transformation of Micro, Small, and Medium Enterprises (MSMEs). As MSMEs are key drivers of Indonesia's economy, their digital empowerment is essential to increase competitiveness and market reach. Using a descriptive qualitative method, this study involved six key informants-three officials from the Office of Cooperatives and SMEs and three MSME actors. Data was collected through semi-structured interviews and non-participant observation, and methodological triangulation was applied by comparing findings from both sources to enhance data credibility. Findings show that the office implements several programs such as Incubator, Entrepreneur Hub, Tangsel Digifest, and Sapa UMKM to promote digital adoption. These initiatives provide technical training, mentoring, and digital branding assistance to help MSMEs adapt to technological changes. Success stories include improvements in product packaging, use of social media for marketing, and increased sales. However, challenges remain, such as low digital literacy, lack of confidence among business actors without legal permits, and limited internet access in some areas. Some MSMEs are reluctant to join programs due to administrative concerns or limited human resources to manage digital tools. The study concludes that digital transformation must be collaborative, contextual, and supported by ongoing engagement and personalized outreach. The government's role is crucial in building an inclusive and responsive digital ecosystem for sustainable MSME growth. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.112-118
The Evolution of Altruism Consumer Behavior Research (2005-2025): A Bibliometric Analysis Approach
This study aims to comprehensively understand the evolution of themes and patterns of research on altruism consumer behavior using a bibliometric approach. The analysis technique uses VOSviewer software to analyze articles collected from the Scopus database. The total number collected was initially 383 articles. Then, filtering was carried out based on the year of publication, namely from 2005 to 2025, and obtained 361 articles. Then, filtering by subject area, 75 articles were obtained. Further filtering based on document type article, keywords, and English language obtained 45 articles. The findings of this study are a shift in research trends from foundations and economic theory to sustainability and digitalization. The United States has the highest research contribution compared to other countries. Toulouse School of Economics-Recherce-TSE-R is the university with the highest contribution. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.103-111
Analysis of the Need to Improve Learning Quality through the Utilization of Learning Objects (LO) on the Learning Management System (LMS) Platform
The purpose of this study is to analyze the need to improve the quality of learning through the use of Learning Objects (LO) on the Learning Management System (LMS) platform. This research is an exploratory descriptive research. The subject of this research is a student of the Business Education Study Program, Economics Education, Accounting Education, and Office Administration Education, Faculty of Economics and Business, State University of Jakarta class of 2023. The sample was randomly selected by 70 students. Data was collected using questionnaires. The results showed that 65.7% of students regularly access LMS and 81.4% of students follow a regular learning schedule in LMS which shows that the integration of LMS in students' learning habits. As many as 70% of students have no difficulty using LMS features, and 81.4% of students feel that LMS can help in self-paced learning that reflects technical readiness and great potential for LO implementation. A total of 67.1% of students stated that LO helps achieve learning goals, although 28.6% of students are neutral, indicating the need for improvement in LO design. The majority of students (91.4%) expect LO to present real and more applicable examples, and 77.1% of students understand the material more easily if it is presented through videos or interactive visuals. On the other hand, learning activities predominantly use conventional media such as PowerPoint, so there is still a gap between the learning media provided and student expectations. Difficulties in understanding the material are mostly caused by the use of monotonous and inappropriate learning media, which emphasizes the importance of developing LO that is interesting, applicative, and in accordance with today's digital learning needs. DOI: http://dx.doi.org/10.23960/E3J/v8.i.1.94-102
Implementing the Three Pillars of Deep Learning as a Quality Learning Strategy
This study seeks to conceptually explore how the principles of mindful, meaningful, and joyful learning may be integrated through deep learning–based instructional strategies. This research uses the Systematic Literature Review (SLR) method, with a qualitative descriptive approach to the search results of several studies. with secondary data. The data was obtained by the author using the literature review method. This study underscores the transformative potential of deep learningas a pedagogical paradigm for fostering mindful, meaningful, and joyful learning experiences in twenty‑first‑century education. Through a rigorous conceptual analysis and systematic literature review, it becomes evident that deep learning when enacted via integrating emotional, cognitive, and social dimensions of learning, this approach shifts the focus from mere content delivery to holistic learner development. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.89-93
Determinants of Dividend Policy with Liquidity as a Moderating Variables in Financial Companies Listed on the Indonesia Stock Exchange (IDX)
Dividend policy is one of the most important things that companies need to pay attention to. Dividends are what makes investors interested in investing in a company, because the main goal of the company is to maximize the welfare of its shareholders. Making this decision is indeed a difficult thing, because in addition to the company having to maximize the welfare of its shareholders, the company must also think about funding the company's investment in the future. This study aims to examine the effect of profitability, leverage, and investment opportunity set on dividend policy in manufacturing companies with liquidity as a moderating variable. The results showed that profitability and investment opportunity set have a positive and significant effect on dividend policy. Meanwhile, leverage was found to have a negative and significant effect. Furthermore, liquidity managed to moderate all independent variables in this study. Liquidity is empirically proven to be able to strengthen the relationship between profitability, leverage, and investment opportunity set on dividend policy. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.78-88
Self-Funding in the Era of Vocational Education: Case Study of State Vocational School with BLUD Status
This article discusses self-funding in the era of vocational education with a focus on a case study of SMK Negeri 3 Wonosari which has the status of a Regional Public Service Agency (BLUD). The purpose of this study is to analyze how SMK with BLUD status manage funding from BLUD, the challenges faced, and the impact on the quality of vocational education. Through a qualitative and case study approach, this article explores the funding sources which include the School Operational Assistance Fund (BOS) and the Teaching Factory business unit. It also analyzes the impact of the change in status to BLUD on the school's financial and operational management. The results show that while there is flexibility in fund management, the main challenges are related to accountability and administration. This article is expected to provide insights for other SMK managers and related parties in managing a more independent and sustainable SMK BLUD in the future. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.67-77
Increasing Entrepreneurial Intention of Muslim Students Through Entrepreneurship Education and Entrepreneurial Competence: The Mediating Role of Entrepreneurial Mindset
This research examines the Impact of entrepreneurship education, entrepreneurial competence, and entrepreneurial Encouragement on the entrepreneurial mindset and entrepreneurial intention of Muslim students in South Kalimantan through an E-Form that is filled out independently. By applying structural equation modelling (SEM) analysis techniques with a reflective construct model. Data were collected from 314 respondents in South Kalimantan, Indonesia. The hypothesis estimated using SEM PLS v4, this research found that entrepreneurship education, competence, and entrepreneurial Encouragement significantly affect entrepreneurial intention directly. However, an entrepreneurial mindset does not effectively mediate the connection among these variables. Thus, the result of this research indicate that a direct approach will be much more effective in developing entrepreneurial intention than an indirect approach through an entrepreneurial mindset. This research offers a fundamental perspective on the development of entrepreneurship education strategies for Muslim students by considering Islamic religious values in the development of entrepreneurial motivation and behaviour. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.48-66
Entrepreneurial Intentions of Muslim Students
Analysis of Fraudulent Financial Practices and The Relationship with Firm Value
This study aims to examine the existence of fraud in life insurance companies listed on the Indonesia Stock Exchange (IDX) during the financial reporting period of 2012–2018 by using the Beneish Ratio Index as a measurement tool. The Beneish M-score values of each company are analyzed to identify potential financial reporting fraud and are used as variables to measure their relationship with firm value, which is proxied by stock prices. This study is expected to provide insight into the reliability of the Beneish M-score model in detecting fraud within the financial insurance industry. The findings are anticipated to be useful for stakeholders, especially customers and investors, in predicting fraud risk and potential bankruptcy. Furthermore, this research aims to develop a model that explains the relationship between fraud risk and stock prices, contributing to the development of signaling theory in financial management. By revealing how fraud indicators may affect market perceptions and investor behavior, the study offers both theoretical and practical implications. It serves as a reference for investors in making informed investment decisions in the life insurance sector, which often presents different characteristics compared to other industries. Overall, this research contributes to the literature on financial fraud detection and its influence on firm valuation in capital markets. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.37-47
Bibliometric Analysis: The Important Role of Cooperative Economy in Indonesia
This study aims to analyze the economic role of cooperatives in Indonesia using a bibliometric approach. With data from various scholarly sources, this study explores research trends, key themes, and methodologies related to cooperatives. The analysis showed that cooperatives play an important role in the agriculture, fisheries, and MSME sectors, despite facing challenges such as capital limitations, technology adoption, and digitalization. The bibliometric visualization identified five main clusters, namely sustainability, circular economy, agroindustry, policy strengthening, and digital management. In addition, trend analysis showed that local wisdom-based cooperatives and circular economy implementation are still under-discussed and require more attention for future research. The research also revealed that cooperatives contribution to sustainable development can be strengthened through government policy support, digitalization, and technology adoption. Highly cited articles in the Scopus database indicate that cooperative-related research in Indonesia continues to grow, especially in the areas of waste management and cooperative digitalization. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.30-36
Analysis of the Impact of Social Media in Entrepreneurship Learning and its Implications for Social Dynamics and Community Economic Empowerment
Entrepreneurship learning has become an important focus in modern education, especially in the context of globalization studies and rapid technological developments. The purpose of this study is to examine the influence of social media on entrepreneurship learning and will examine its implications for social dynamics and economic empowerment in society. The study uses a systematic literature review method using the Scopus indexing engine as a data source. The results obtained from this study found that the development of social media supports entrepreneurship learning by increasing student engagement and helping small entrepreneurs develop entrepreneurial patterns through direct experience. However, many forms of companies still face uncertainty in utilizing social media effectively. In order to occur optimally, social media must be integrated into a larger system to support learning and development of digital skills in people's lives. This study has limitations, namely only using the Scopus database as the only data source, therefore further research can examine using more indexing engines. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.24-29
Does Entrepreneur Education Affect Entrepreneurial Intentions: The Moderating Entrepreneurial Mindset
This study explore how entrepreneur education affects student’s entrepreneurial intentions while focusing on the entrepreneurial mindset as a mediator The research was carried out on vocational high school students in Blitar Regency, Indonesia, with a sample of 400 respondents. The SEM-PLS approach was applied to study the relationship among three main constructs: entrepreneurial education (ED), entrepreneurial mindset (EM), and entrepreneurial intention (EI). The results showed that entrepreneurial education significantly and positively impacts the development of an entrepreneurial mindset among students. In addition, both entrepreneurial education and the entrepreneurial mindset independently and significantly affect the students' intention to become entrepreneurs. Finally, the entrepreneurial mindset is established to mediate the relationship between education and entrepreneurial intention, thus enhancing the impact of entrepreneurial education on students' career orientation. The model is proven to be highly reliable and valid, established by AVE, composite reliability, and Cronbach's alpha, while predictive relevance was confirmed by R-square and Q-square statistics. These findings emphasize the strategic importance of entrepreneurship education in creating a new generation of creative, confident, and opportunity-oriented individuals. This research bears significant implications for educational policy. DOI: http://dx.doi.org/10.23960/E3J/v8.i1.16-23