{"title":"Analysis Overconfidence, Herding, and Anchoring in Investment Decisions Among ESOP at PT Bank Central Asia","authors":"Niken Purbasari, Mahatma Kupefaksi, E. Hendrawaty","doi":"10.47191/jefms/v7-i6-16","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-16","url":null,"abstract":"This This study aims to determine the influence of behavioral finance or psychological bias on investment decisions made by Employee Stock Ownership holders of PT Bank Central Asia. Tbk focuses on variables such as overconfidence, herding, and anchoring. This research is based on qualitative data and uses multiple linear regression for its analysis and research tools using SPSS. This research questionnaire was spread across 155 holders of Employee Stock Ownership of PT Bank Central Asia.Tbk. The results showed that overconfidence and anchoring have a significant effect on influencing investment decisions. Overconfidence has the most significant influence on decision-making while herding has a more moderate influence. This research is expected to help understand what factors can influence investment decisions and can help to make better decisions and avoid potential biases that can lead to suboptimal results.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"83 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141352644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Influence of Environmental Orientation and Green Human Resource Management on Green Competitive Advantage Mediated by Green Innovation Case Study in the Hotel Industry in Padang City","authors":"Alvin Zamzami, Hafiz Rahman, Vera Pujani","doi":"10.47191/jefms/v7-i6-20","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-20","url":null,"abstract":"This research aims to analyze The influence of environmental orientation and green human resource management on green competitive advantage mediated by green innovation, case study in the hotel industry in Padang City. The type of research used in this research is explanatory research, with the research method being an explanatory survey which prioritizes quantitative methods. The population is owners, employees at manager, director or CEO level or strategic managerial positions in the hotel industry in Padang City. Based on data on the number of Hospitality Accommodation (Units) for the 2022 period in Padang City, the number of hotels is 122 hotels. The sampling technique uses Non Probability Sampling method with Saturation Sampling technique, where each hotel will be studied by 2 people each. The data analysis method uses Structural Equation Modeling - Partial Least Square (SEM-PLS). The research results show that environmental orientation has a positive and significant effect on green innovation. Environmental orientation does not have a significant effect on green competitive advantage. Environmental orientation has a positive and significant effect on green competitive advantage mediated by green innovation. Green human resource management has a positive and significant effect on green innovation. Green human resource management has a positive and significant effect on green competitive advantage.Green human resource managementhas a positive and significant effect on green competitive advantage mediated by green innovation. Green innovation has a positive and significant effect on green competitive advantage","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"20 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141350151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants of the Ability of Spi Personnel in the Prevention and Detection of Fraud at State Universities (PTN) in Indonesia","authors":"Yulindah Yulindah, Yulia Saftiana, Emylia Yuniarti","doi":"10.47191/jefms/v7-i6-19","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-19","url":null,"abstract":"This research aims to test, analyze and apply grand theory to the determining factors of SPI personnel's ability as internal auditors in educational sector institutions, namely competence, independence, work experience, professional skepticism and spiritual intelligence in the prevention and detection of fraud in state universities and apply research variables to state university management who want to improve the internal audit function (SPI). This research uses quantitative methods. The data source used in this research is primary data measured using a Likert scale obtained directly from respondents via a questionnaire. The population in this study were all SPI personnel at PTN Indonesia in the State University category under the auspices of the Ministry of Education, Culture, Research, Technology and Higher Education. The sampling technique is using a census technique or total sampling with a sampling method using the non-probability sampling _Convenience Sampling method. The analysis technique uses IBM Statistical Product and Service Solution (SPSS) 24.0 software. Partial and simultaneous research results show that competence, work experience, professional skepticism and spiritual intelligence have a positive and significant effect on fraud prevention and detection, while independence does not have a positive and significant effect on fraud prevention and detection.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"14 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141355267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Bonsai's Marketing Strategy Centers on Creating Customer Value","authors":"Qotrunnada Wahdaniyah, Chusnul Rofiah","doi":"10.47191/jefms/v7-i6-11","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-11","url":null,"abstract":"This paper contributes to a different marketing approach on how to describe value from the customer's perspective. This research examines value-based pricing by highlighting a customer-centric approach with a focus on customer value creation to explore what this literature can convey in achieving success. The research locus is the research object of the Jombang Bonsai Community FB community which has 16,645 members. with consideration: Members of the Jombang Bonsai Facebook Community Trust; Own a bonsai plant business; Join the community for at least 2 years. The qualitative approach carried out through the data analysis technique used is the Manual Data Analysis Procedure (MDAP), from the results of interviews accompanied by triangulation of sources and theories to produce findings on customer-centred approach marketing strategies including Price Formation: Product and Services, Authorization Use, Resource Access, Benefit Claim Rights, Buyer Type, Availability, Use, Results, Economic Success. As well as Mechanism Policies: Quantity, Price Formation, Price Conditions, Price Discrimination, Product Characteristics, Customer Identity, Transaction Forms, Market Laws.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"5 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141356747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
AD Tombolotutu, MA Djirimu, Nurul Ufaira, Ika Rafika
{"title":"An Investigation of the Determinant Factors of Indonesia Domestic Investment: An Analysis of the Q1 2010 to Q4 2018 Period","authors":"AD Tombolotutu, MA Djirimu, Nurul Ufaira, Ika Rafika","doi":"10.47191/jefms/v7-i6-13","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-13","url":null,"abstract":"The aim of this research is to investigate the impact of inflation, credit interest rates, exchange rates, and labor on domestic investment (PMDN) in Indonesia. Using secondary time series data from government institutions such as the Investment Coordinating Board, Central Statistics Agency, and Central Bank of Indonesia, the research examined these macroeconomic variables from Q1 2010 to Q4 2018. Quantitative data analysis, including multiple regression and models such as Autoregressive Conditional Heteroscedasticity (ARCH) and Generalized Autoregressive Conditional Heteroscedasticity (GARCH), was used to determine the relationship between the independent and dependent variables. The findings indicate that exchange rates and labor have a positive as well as significant impact on PMDN, while credit interest rates have a negative and significant impact. The effect of inflation on PMDN was found to be negative and insignificant. The research concludes that using the best model of E-GARCH, inflation, credit interest rates, exchange rates, and labor affect PMDN in Indonesia.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"45 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141359961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovative Entrepreneurship Case Study for Virtual Business: The Cultural Phenomenon of Rentaru Kareshi in a Post Modern Consumer Society","authors":"Nida Amalia Putri, Chusnul Rofiah","doi":"10.47191/jefms/v7-i6-12","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-12","url":null,"abstract":"This research explores the cultural phenomenon of Rentaru Kareshi as an innovative manifestation of entrepreneurship in virtual business among consumers in postmodern society. Rentaru Kareshi, or girlfriend rental service, is a service that offers temporary social connections through virtual and face-to-face media, reflecting changing social dynamics and identity expressions in the digital era. Using qualitative methods and a case study approach, this research analyzes various aspects of this business model, including business opportunities, marketing strategies and operational procedures. The research focus is the Instagram application on the Sewapacarbdgg account, namely @sewapacarbdgg, then the researcher will conduct in-depth interviews with informants. The data analysis technique used is the Manual Data Analysis Procedure (MDAP), from the results of interviews accompanied by triangulation of sources and theories to produce findings regarding Business Opportunities which link the themes to the propositions Inspiration, Benefits, Recognizing Needs, Current Trend, Think Uniquely and Innovatively. by using Marketing Strategy Contact Form, Advertising System, Payment System and Rental Partner operational systems, Vision Rental Partner, Agency Rental Partner, Talent Rental Partner. The research results show that Rentaru Kareshi not only meets consumers' emotional and social needs but also creates a new market niche in the digital economy. The service successfully combines effective advertising strategies and an efficient payment system to build strong and sustainable customer relationships. This research contributes to a deeper understanding of innovative business opportunities in a postmodern consumer society and offers valuable insights for the development of business strategies in the context of an evolving digital economy.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"32 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141355592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Influence of Intrinsic Halal Awareness and Extrinsic Halal Awareness on Purchasing Decisions","authors":"Diana Eka Poernamawati, Achmad Zaini, Mahmudatul Himmah","doi":"10.47191/jefms/v7-i6-15","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-15","url":null,"abstract":"This research aims to determine and analyze the influence of intrinsic halal awareness and extrinsic halal awareness variables on purchasing decisions among Muslim students in the Department of Business Administration, Malang State Polytechnic. Do the variables of intrinsic halal awareness and extrinsic halal awareness influence purchasing decisions, either partially or simultaneously. The location of this research in the Department of Business Administration, Malang State Polytechnic. This research was analyzed using multiple linear regression. This research found the results as following: intrinsic halal awareness variables and extrinsic halal awareness variables influence purchasing decision variables both partially and simultaneously. Extrinsic halal awareness variables are the dominant variables in influencing purchasing decision variables.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"37 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141357094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yofina Mulyati, Alvin Alfian, Idwar Idwar, Yulisran Buana Putra
{"title":"A Study on Customer Engagement of Kopi Kenangan: Reviewed from a Social Media Marketing Perspective, Brand Image and Brand Love","authors":"Yofina Mulyati, Alvin Alfian, Idwar Idwar, Yulisran Buana Putra","doi":"10.47191/jefms/v7-i6-14","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-14","url":null,"abstract":"This research aims to examine the study of Kopi Kenangan customer engagement: viewed from the perspective of social media marketing, brand image and brand love. The population in this study were consumers who consumed food/drink products sold by Kopi Kenangan in Padang City with a sample of 175 people. The sampling technique uses a nonprobability sampling method with purposive sampling technique. The data analysis method used is SEM-Partial Least Square (PLS). The research results found social media marketing has a positive and significant effect on brand love. Social media marketing positive does not have a significant effect on customer engagement. Brand image has a positive and significant effect on brand love. Brand image positive does not have a significant effect on customer engagement. Brand love has a positive and significant effect on customer engagement. Social media marketing and brand image have a positive and significant effect on customer engagement with brand love as a mediating variable. The effect of brand love mediation on the influence of social media marketing and brand image on customer engagement, based on the mediation analysis procedure in SEM-PLS with the path coefficient significance method shows that the indirect relationship is significant, but the direct relationship is not significantso that conclusions can be drawn from the results of the decisionIndirect-only mediation(indirect relationship mediation only)in the form of full mediation (full mediation)","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":"60 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141358193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using SWOT Analysis to Determine Marketing Strategies to Increase Sales and Develop Meatball Culinary MSME Businesses","authors":"Yudha Praja, Muhammad Rofiqi, Nurul Qomariah","doi":"10.47191/jefms/v7-i6-05","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-05","url":null,"abstract":"Meatballs are a food that is much sought after by Indonesian people, especially the people of Situbondo Regency. In Situbondo Regency, there are many business people who sell meatballs. One of them is Mr. Jumari's Meatball Business P. Kardi which is located in Curah Jeru Village, Panji District, Situbondo Regency. However, there are still many business actors who still have various obstacles in marketing their products. Such as not having the right marketing strategy, not carrying out promotions or even not taking into account raw material costs and labor costs in determining the selling price. Therefore, this research uses a SWOT analysis approach to determine marketing strategies to increase sales and develop the business. Based on the IFAS and EFAS calculations that have been carried out, it can be concluded that P. Kardi's Meatball Business is at 0.7892; 0.5822. So from these calculations it can be concluded that Mr. Jumari's P. Kardi Meatball Business is in quadrant I position, this position shows a very favorable situation for Mr. Jumari's P. Kardi Meatball Business to carry out aggressive or growth strategies. The results of the SWOT analysis produce several alternative strategies that companies can choose, namely: 1) Improving product quality so that they can attract more consumers and increase consumer satisfaction and loyalty, 2) Creating products with new shapes and tastes, 3) Utilizing social media to carry out promotions and advertisements, 4) Establish good cooperation with regular meat sellers and meat grinders, 5) Expand marketing locations so that consumers who want to eat on site can enjoy their food deliciously.","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":" 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141369050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Influence of Quality of Work Life on Work Life Balance Which is Mediated by Job Stress, Job Satisfaction and Job Commitment (Study on Employees PT Nindya Karya Project Indonesia)","authors":"Bob Arasma, Rahmi Fahmy, Yulihasri","doi":"10.47191/jefms/v7-i6-07","DOIUrl":"https://doi.org/10.47191/jefms/v7-i6-07","url":null,"abstract":"This research aims to analyze the influence of Quality of Work Life on Work Life Balance which is mediated by Job Stress, Job Satisfaction and Job Commitment (Study on Employees PT Nindya Karya Project Indonesia). The type of research used in this research is explanatory research, with the research method being an explanatory survey which prioritizes quantitative methods. The population is all employees of PT Nindya Karya Project Indonesia, totaling 197 people, with a sample size of 132 people. The sampling technique uses nonprobability sampling with accidental sampling technique. The data analysis method uses Structural Equation Modeling - Partial Least Square (SEM-PLS). The research results show that Quality of Work Life has a significant positive effect on Job Stress, Job Satisfaction and Job Commitment. Job Stress, Job Satisfaction and Job Commitment has a significant positive effect on Work Life Balance. Quality of Work Life has a significant positive effect on Work Life Balance which is mediated by Job Stress, Job Satisfaction and Job Commitment","PeriodicalId":300881,"journal":{"name":"Journal of Economics, Finance And Management Studies","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141369861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}