{"title":"The Effects of Demographic Factors on Investment Decision: Financial Literacy and Behavioral Bias as Mediating Variables","authors":"Alwina Salim, I. Setyawan","doi":"10.24912/ijaeb.11.409-417","DOIUrl":"https://doi.org/10.24912/ijaeb.11.409-417","url":null,"abstract":"In society after COVID-19 Pandemic, awareness on financial well-being is on the rise and many attempts to achieve it through investment. But, to invest means to make decision among numerous alternatives and risks. This research aims to find out how investment actors’ demographic factors, financial literacy, and behavioral bias affect the investment decisions they make, where it highlights upon a point still rarely disclosed: whether financial literacy and behavioral bias are able to mediate the relationship between demographic factors and investment decision. The result for SEM-PLS analysis of 151 young investment actors below the age of 25 and adult investment actors of 25 years old and above shows that behavioral bias can act as a mediator while financial literacy cannot; demographic factors that is addition of family members, financial management behavior of financial literacy, and behavioral bias in the form of overconfidence all have a positive and significant effect as well. These findings give the implication that responsibilities towards one’s family, as well as financial behavior and self-confidence, play a noticeable role on investment decision.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128102001","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":"Analysing the Factors that Impact Manufacturing Companies’ Financial Performance in Indonesia","authors":"Christian Frederick, Merry Susanti","doi":"10.24912/ijaeb.11.472-480","DOIUrl":"https://doi.org/10.24912/ijaeb.11.472-480","url":null,"abstract":"This research was conducted with the aim of obtaining quantitative evidence of the component of intellectual capital, asset management, liquidity, firm size, and leverage on firm’s financial performance. The population used in this research are manufacturing companies listed in Indonesia Stock Exchange for the period of 2017-2020, with a total of 197 companies. The sample in this research was selected using the purposive sampling method with a total sample used of 66 companies. The method of analysis in this research is using the multiple regression analysis which aims to determine the effect of each variable on the companies’ financial performance. The result of this research show that value added capital employed, value added human capital, and asset turnover ratio have a significant effect on financial performance. On the other hand, the structural capital value added, current ratio, size, and debt to asset ratio do not have a significant effect on financial performance.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133489048","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 Role of Green Entrepreneurial Orientation and Self-Efficacy to Encourage Student Intention in Green Entrepreneurship","authors":"Jovita Aurellia, Kartika Nuringsih","doi":"10.24912/ijaeb.11.199-207","DOIUrl":"https://doi.org/10.24912/ijaeb.11.199-207","url":null,"abstract":"Aligning with achieving sustainable development goals (SDGs), the entrepreneurship sector has a responsibility to synergize between the economic goals and environmental goals through implementing the model of green entrepreneurship. This study develops a model involving green entrepreneurial orientation and self-efficacy to improve the student intention in green entrepreneurship. Totally 180 students from the Economics & Business Faculty of Universitas Tarumanagara Jakarta are taken as respondents. The regression approach is used to analyze the data with the result as follows: the green entrepreneurial orientation owns the higher impact on green entrepreneurship intention, while the impact of self-efficacy is lower than this entrepreneurial intention. Based on this result, supporting of university needs to realize students in developing their business ideas in line with the effort to preserve the environment in the future. It is relevant to achieving the target of SDGs in 2030. The double bottom line orientation is perceived strongly by respondents. Through entrepreneurial learning, educational institutions together with stakeholders could contribute to building mechanisms to improve the education programs in green entrepreneurship. The next study can involve the legal aspect for supporting the sustainability of the green business.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133271324","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":"Profitability and Leverage Effect on Firm Value with Corporate Social Responsibility as Moderating Variable in Manufacturing Company","authors":"Rini Tri Hastuti, Janice Clairine Tertia","doi":"10.24912/ijaeb.11.88-97","DOIUrl":"https://doi.org/10.24912/ijaeb.11.88-97","url":null,"abstract":"This research aims to determine the effect of profitability and leverage on firm value using corporate social responsibility as moderating variable in manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2020 period. A total of 168 samples selected from 56 companies during the research period using purposive sampling method. Research data obtained from secondary data, namely company’s annual report which are routinely published by companies listed on the Indonesia Stock Exchange every year. Also, Statistical Product and Service Solutions (SPSS) version 25 was used to process the data. The results showed that profitability and leverage had a significant positive effect on firm value. Corporate social responsibility as moderating variable has a significant effect on the relationship between profitability and firm value, but has no effect on the relationship between leverage and firm value.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114100075","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":"Factors Influencing Stock Prices with Inflation as Moderating Variable","authors":"Jessica Husni, Henryanto Wijaya","doi":"10.24912/ijaeb.11.427-435","DOIUrl":"https://doi.org/10.24912/ijaeb.11.427-435","url":null,"abstract":"The purpose of this research is for specifying the impact of profitability ratio also solvency ratio on stock prices in manufacturing businesses registered under Indonesia Stock Exchange in 2018-2020 with inflation as moderating variable. The analysis used a method named, purposive sampling for the sample selection, and it was found that there were 72 samples of companies that could be used in the study. The data is processed with the help of the Microsoft Excel 2019 and EViews version 12 application program. The outcome from this research shows profitability ratio with the Return on Assets proxy, solvency ratio with the Debt-to-Equity Ratio proxy, and inflation have a positive also significant impact on the stock prices. Meanwhile, profitability ratio with Return on Equity proxy showed a negative as well as significant impact on the stock prices. Moreover, inflation is known to moderate the effect of profitability ratio for the Return on Assets proxy, profitability ratio for the Return on Equity proxy, and solvency ratio with Debt-to-Equity Ratio proxy to the stock prices.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115650922","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 Impact of Consumer Ethnocentrism, Perceived Quality, and Emotional Value on Purchase Intention of Local Brand Streetwear Products in Generation Z in Jakarta","authors":"Sherina Sherina, Frangky Selamat","doi":"10.24912/ijaeb.11.530-538","DOIUrl":"https://doi.org/10.24912/ijaeb.11.530-538","url":null,"abstract":"This study was conducted to determine the effect of consumer ethnocentrism, perceived quality, and emotional value on the intention to buy streetwear products from Generation Z local brands in Jakarta. The sampling method used is non-probability sampling with convenience sampling technique. Data collection using a google form questionnaire distributed through social media with a number of respondents as many as 200 people but only 197 that can be analyzed further. The data analysis technique used is Partial Least Square-Structural Equation Modeling (PLS-SEM) with the help of SMARTPLS v3.2.9 statistical software. The sample in this study is Generation Z with an age range of 9-24 years who live in Jakarta who are familiar with local brand streetwear products. The results indicate that consumer ethnocentrism, perceived quality, and emotional value have a positive impact on the purchase intention of Generation Z to purchase local brand streetwear in Jakarta. For street wear fashion marketers, the results provide a better understanding of the increasingly dynamic consumer behavior of Generation Z.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129618126","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 Effect of Work Environment and Compensation on Employee Work Satisfaction at Medical Appliance Company","authors":"Aprilia Riahta Millenia Sinuraya, Sanny Ekawati","doi":"10.24912/ijaeb.11.455-463","DOIUrl":"https://doi.org/10.24912/ijaeb.11.455-463","url":null,"abstract":"The purpose of this study was to examine the effect of work environment and compensation towards employees work satisfaction at Medical Appliance Company. This study was causal research using quantitative method. The sampling method used purposive sampling technique based on certain criteria. This study had a sample size of 57 respondents. The data analysis used outer and inner model test in SmartPLS software version 3.3. The findings of this study showed that the work environment and compensation had a positive and significant effect on employee work satisfaction at Medical Appliance Company. This study can be used as a reference for Human Resource Department to make policy and decision that have an impact on increasing employee job satisfaction.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"112 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117268997","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 Risk Perception, Overconfidence, and Herding Behavior on Investment Decision","authors":"Rachel Halim, Ary Satria Pamungkas","doi":"10.24912/ijaeb.11.521-529","DOIUrl":"https://doi.org/10.24912/ijaeb.11.521-529","url":null,"abstract":"This research aims to determine the influence of risk perception, overconfidence, and herding behavior on investment decision. The population of this research is all stock investors who are domiciled in Riau. The sample was selected using purposive sampling method which amounts to 152 respondents. This research method uses Structural Equation Modeling (SEM) with Smart PLS software version 3.2.9. The purpose of this research is that investors can consider their decisions well before making an investment decision and find out how their psychological factors can affect their investment decision. The result of this research is that there is a positive influence of risk perception, overconfidence, and herding behavior on investment decision.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122893748","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":"e Determinants of Capital Structure for The Coal-Mining Companies Listed on Indonesia Stock Exchange","authors":"Venny Venny, S. Handoyo","doi":"10.24912/ijaeb.11.569-577","DOIUrl":"https://doi.org/10.24912/ijaeb.11.569-577","url":null,"abstract":"The purpose of this research is to explain the effect of profitability, asset structure, growth opportunities, and non-debt tax shields on the capital structure of the coal-mining firms indexed on the Indonesia Stock Exchange from 2016 to 2020. There are 12 company samples in this research, which was determined with the purposive sampling method. The series of tests that will be carried out in this study include descriptive statistical analysis, panel data regression model tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The data are processed using the EViews 12 software. The outcomes of this study show that profitability (ROA) and non-debt tax shields (NDTS) are affecting the capital structure (DER) negatively and significantly, growth opportunities (MTB) is affecting the capital structure (DER) positively and significantly, while asset structure (TANG) does not affect the capital structure significantly.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132752064","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":"Financial Performance and Some Factors that Influence: An Empirical Study on Manufacturing Company","authors":"Fedra Valeria Setiawan, Agustin Ekadjaja","doi":"10.24912/ijaeb.11.363-373","DOIUrl":"https://doi.org/10.24912/ijaeb.11.363-373","url":null,"abstract":"Financial performance is a complex matter and it cannot be separated from the efficiency of the company's activities. Regarding to the statement, the purpose of this study is to find out empirically how the influence of leverage, firm size, firm age, and cash flow on financial performance of manufacturing companies in the non-cyclical consumption sector period 2017-2020. The sample collection method used is judgement sampling with 31 manufacturing companies and 124 total observations of manufacturing companies data. This research uses EViews version 12.0 as a data processing software. This study shows results that cash flow have a positive effect on financial performance, but leverage, firm size, and firm age have no effect on financial performance.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132155680","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}