IJEBD (International Journal of Entrepreneurship and Business Development)

Prospects of Artificial Intelligence in Financial Sector in Uzbekistan

2025-12-09T15:57:21+07:00

Purpose: The paper discusses the usage of artificial intelligence (AI) in financial analysis in Uzbekistan, highlighting the potential benefits and challenges of AI adoption in the country's financial sector.

Design/methodology/approach: The paper compares Uzbekistan's development to global experience, analyzing the current state of AI adoption in financial analysis, and identifying the major obstacles to its implementation.

Findings: The findings indicate that AI has positive aspects in credit risk, fraud detection, and prediction. However, the major obstacles to AI adoption are infrastructure, regulation, and literacy. The paper proposes a gradual hybrid approach, combining regulatory support and fintech innovation, to allow systematic integration of AI.

Paper type: Research paper

The Effect of Debt to Equity Ratio and Total Asset Turnover on Return On Asset in Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange in the Period 2021-2023

2025-12-04T15:57:20+07:00

Purpose: The research effort is designed to assess the interdependency among the variables specifically, the Debt-to-Equity Ratio (DER) and Total Asset Turnover (TATO) to establish their collective impact on the dependent variable, Return on Assets (ROA). The scope is limited to an examination of financial data from IDX-listed property and real estate entities throughout the three-year timeframe between 2021 and 2023.

Design/methodology/approach: The research employed SPSS (version 26) to conduct the necessary preliminary analyses. These included checks for normality, autocorrelation, multicollinearity, and heteroscedasticity, which are the standard statistical assumptions. The study's hypotheses were evaluated through multiple linear regression analysis, incorporating necessary t-tests and F-tests. The choice of a purposive sampling method was justified on the grounds that it enables the inclusion of only those samples that are most relevant and directly contribute to addressing the specific aims of the investigation.

Findings: A powerful statistical association was identified, indicating that the Return on Assets (ROA) is largely contingent upon the interplay between a firm's Debt-to-Equity Ratio (DER) and its Total Asset Turnover (TATO). This implies that strategic financial decisions such as managing debt to enhance asset utilization and fulfill financial commitments, as indicated by DER, and maximizing revenue and profit generation from assets, as represented by TATO play a direct role in shaping ROA, which serves as a critical indicator of a firm's profitability.

Research limitations/implications: Data collection was strictly confined to the 2021–2023 observation timeframe, with figures sourced entirely from property and real estate firms trading on the Indonesia Stock Exchange (IDX). As a consequence of this focus, the generalizability of the results is inherently constrained; the findings may not be reliably applied to other industrial sectors or alternative time periods. This methodological limitation stems from the acknowledged variance in financial structures, operational models, and distinct market environments that differentiate industries and change significantly across historical eras.

Practical implications: The study's findings can serve as a foundation for financial decisions made by investors and business management, especially when it comes to controlling debt and actions that boost profitability.

Originality/value: The findings from this investigation are anticipated to enhance academic understanding of managerial performance, particularly by detailing how Debt-to-Equity Ratio (DER) and Total Asset Turnover (TATO) exert influence on Return on Assets (ROA) specifically among property and real estate companies.

Paper type: Research Paper

The Influence of Financial Literacy, Business Networking, and Entrepreneurial Orientation on MSME Performance in Surabaya with Market Orientation as a Moderating Variable

2025-12-04T15:57:18+07:00

This study investigates the influence of financial literacy, business networking, and entrepreneurial orientation on the performance of Micro, Small, and Medium Enterprises (MSMEs) in Surabaya, with market orientation as a moderating variable. A quantitative approach was employed, and data were collected through structured questionnaires distributed to 99 MSME owners and managers. Partial Least Squares Structural Equation Modeling (PLS-SEM) was applied to analyze the data. The results indicate that financial literacy and entrepreneurial orientation significantly enhance MSME performance, whereas business networking shows no significant impact. Furthermore, market orientation does not moderate the relationship between financial literacy or business networking and MSME performance. These findings highlight the importance of strengthening entrepreneurs’ financial capabilities and entrepreneurial orientation to improve MSME competitiveness and sustainability.

Study on the Effect of Performance Mediation on the Relationship between Work Discipline, Motivation and Compensation on Teacher Quality in Junior High School (SMP) in Kongbeng District

2025-12-04T15:57:20+07:00

Purpose: The purpose of this study is to analyze the influence of work discipline, work motivation, and compensation on teacher performance, as well as their influence on the quality of teacher performance both directly and through the mediation variables of teacher performance in junior high schools (SMP) in Kongbeng District

Design/methodology/approach: This study uses a quantitative approach with a survey method. The sample consisted of 76 junior high school teachers in Kongbeng District who were selected using the purposive sampling technique. Data was collected through a questionnaire that had been validated and analyzed using Structural Equation Modeling (SEM) with the help of SmartPLS software to test the influence of work discipline, motivation, and compensation on teacher quality through performance as a mediating variable.

Findings: The results of the study show that work discipline, motivation, and compensation have a positive and significant effect on teacher performance. Teacher performance also has a positive effect on teacher quality, and significantly mediates the relationship between work discipline, motivation, and compensation and teacher quality.

Research limitations/implications: the use of cross-sectional designs that only describe momentary conditions, the use of self-report questionnaires that have the potential to cause perception bias, and the use of external factors such as leadership, facilities, and organizational culture that may also affect teacher performance and quality.

Practical implications: These findings confirm that improving teacher quality can be achieved not only through direct factors such as motivation and compensation, but also through improved teacher performance. The practical implication is the importance of the role of school management in strengthening work discipline, providing appropriate motivation, and proper compensation to support the overall improvement of teacher performance and quality.

Paper type: Research paper

The Influence of Compensation, Competence, Work Environment, and Job Placement on Employee Per-formance at PT XYZ Cigarette Industry in Pasuruan with Motivation as an Intervening Variable

2025-12-04T15:57:15+07:00

This study aims to examine how compensation, competence, job placement, and work environment influence employee performance, with motivation acting as an intervening variable. The research is conducted within the context of the cigarette industry in Pasuruan, Indonesia. Given the industry's challenges, such as rising excise taxes and regulatory pressures, it is crucial to understand these organizational factors to enhance workforce effectiveness. A quantitative approach was employed, utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM). The study involved 52 technical employees electronic division at PT XYZ, selected through saturated sampling. Data were collected using structured questionnaires and analyzed with SmartPLS 3.0. The findings show that compensation has a significant effect on employee performance. In contrast, competence, work environment, and job placement have no significant direct effect on employee performance. Compensation, competence, and job placement do not significantly affect motivation, while work environment has a significant positive effect on motivation. Furthermore, motivation significantly improves employee performance. Regarding the mediating role of motivation, the results indicate that motivation does not mediate the relationship between compensation and performance, competence and performance, nor job placement and performance. However, motivation is proven to mediate the effect of work environment on performance. These findings emphasize the strategic importance of creating a supportive work environment and enhancing motivation to improve employee performance.

Analysis of Management of Legal Consequences of Service Provider Default on Project Delays: A Legal Study and Relational Approach to Dispute Prevention

2025-12-04T15:57:13+07:00

Delays in construction work execution represent one of the most common forms of default that trigger disputes between employers and contractors. Within Indonesia’s civil law framework, such default entails legal consequences including delay penalties, compensation, contract termination, and enforcement of performance bonds. This study examines these legal implications under the Indonesian Civil Code (KUHPerdata), Law No. 2 of 2017 on Construction Services, and several Supreme Court decisions with permanent legal force namely Decisions No. 294 PK/Pdt/2014, No. 3053 K/Pdt/2011, and No. 60 K/Pdt/2020. The research adopts a normative juridical approach supported by secondary data from literature review and judicial case analysis. It also proposes a dispute-prevention hypothesis founded on effective communication through guanxi, dynamic relationship, and personal approach, aimed at reinforcing loyalty and preventing conflict. The findings reveal that Indonesia’s positive legal system remains sanction-oriented and emphasizes legal certainty, whereas sustainable dispute prevention requires a paradigm grounded in relational trust. Integrating relational approaches into construction contract practice may establish equilibrium between legal certainty and substantive justice.

Work Motivation as a Mediator Between Quality Of Work Life, Organizational Communication, Work Discipline, Toward Employee Performance

2025-12-16T15:57:55+07:00

The performance of health workers is very important because it is directly related to public health services in Surabaya, Indonesia. This research study aims to analyze the influence of quality of work life, organizational communication, and work discipline on employee performance with work motivation as an intervening variable at the Surabaya City Health Office. Research method a quantitative approach using the PLS-SEM. Data collection via questionnaires. The samples are 122 civil servants who work at the Surabaya Health Office. The analysis results show that work discipline and work motivation have a positive and significant effect on employee performance. Work discipline has a positive and significant effect on employee performance through work motivation as an intervening variable. Quality of work life and organizational communication do not have a significant effect, either directly or through work motivation as an intervening variable, on employee performance at the Surabaya City Health Office. This research found that work motivation is effective as a mediator in the relationship between work discipline and performance. This finding emphasizes the importance of improving discipline as a key strategy in strengthening motivation and driving employee performance. Meanwhile, strategies for improving organizational communication and the quality of work life need to be re-evaluated to be more effective in significantly influencing employee motivation and work results.

Strengthening the Performance of Micro and Small Industries in Mojokerto City: Antecedents of Management Orientation and Business Innovation

2025-12-16T15:57:53+07:00

Objective: This study aims to examine the effect of management orientation on business innovation and business performance enhancement, as well as the effect of business innovation on business performance enhancement in micro and small industries.

Design/methodology/approach: This study is categorized as quantitative research with an associative/explanatory approach accompanied by hypothesis testing. The unit of analysis in this study was micro and small industry business actors with a population of 163. The sample size in the study was 84 (51,53%), and the sample members were taken from the population using purposive sampling, which was then referred to as respondents. The questionnaire was distributed over a period of four weeks (August 1, 2025 - August 28, 2025) and was filled out by several respondents; therefore, the data collected through this questionnaire is quite representative of the population.

Findings: Testing in path analysis shows that management orientation directly and significantly affects business innovation and business performance, strengthening with standardized coefficient values of 0,316 (sig. 0,046) and 0,394 (sig. 0,039), respectively. While business innovation directly and significantly affects the strengthening of micro and small business performance, with a standardized coefficient value of 0,317 (sig. 0,043). The results of this study indicate that a management orientation that is responsive to change and adaptive to environmental changes will spur creative behavior in business innovation, thereby creating effective and efficient business practices in managing resources and encouraging better business performance. Business innovation that focuses on the use of digital platforms and social media is able to provide services to consumers more quickly, easily, and flexibly without being limited by time, place, and space, thereby encouraging the strengthening of business performance. Strengthening the performance of micro and small industries can be achieved when management is more responsive to environmental changes and able to implement them in business processes, increasing creativity in carrying out business innovation effectively and efficiently, both in business management, applying management functions, and business cycles. Strengthening management orientation and business innovation can be relevant antecedents to explain the strengthening of the performance of micro and small industries. Therefore, hypotheses H_1,H₂, and H₃can be accepted because all the antecedents tested have a direct, positive, and significant effect with a significance level below 0.05.

The Effect of Influencer, Promotion and Brand Awareness on Purchase Decision of Skincare Product The Originote at Belia Cosmetics Store Surabaya

2025-12-16T15:57:53+07:00

This research aims to analyze the effect of Influencer, Promotion and Brand Awareness on Purchase Decision of Skincare Product The Originate at Belia Cosmetics Store Surabaya. This study uses quantitative research methods. The sampling technique for this study was using Purposive Sampling to determine the sample and involved respondents from consumers at Belia Cosmetics Store Surabaya who used skincare product The Originote, there were usable 111 in this study. This study uses primary data and secondary data. The type of research used is quantitative research, using the Multiple Linear Regression data analysis method through the IBM SPSS version 26 application. The results showed that Influencer (X1), Promotion (X2), Brand Awareness (X3) partially or simultaneously had a positive and significant effect on Purchase Decision. Influencer (X1) with a t-count value of 4.882 and a sig. 0,000. Simultaneously, the variables Influencer (X1), Promotion (X2), Brand Awareness (X3) have a positive and significant effect on Purchase Decision with an f-count value of 62.755 with a sig. 0,000. This study are limited to Consumen of Skincare product at Belia Cosmetics Surabaya. Besides, the focus of this stud is to analyze Influencer, Promotion and Brand Awarneess on Purchase Decision