Frasto Biyanto
Sekolah Tinggi Ilmu Ekonomi YKPN Yogyakarta

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Overconfidence Bias and Financial Literacy on Generation Z Investment Decisions: The Moderating Role of Risk Perception Metilda Dwi Putri Landang; Baldric Siregar; Miswanto Miswanto; Frasto Biyanto
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 5: Juli 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i5.18902

Abstract

This study was conducted to examine the effect of overconfidence bias and financial literacy on Generation Z investment decisions, using risk perception as a moderating variable. This study employed a quantitative approach using a survey method through a structured questionnaire distributed to respondents. Sampling was carried out using purposive sampling involving 150 young Generation Z investors, born between 1997 and 2012, who were still actively investing in the Indonesian capital market. Data analysis was conducted using PLS-SEM with the assistance of SmartPLS 3.0. The results showed that overconfidence bias had no significant effect on Generation Z investment decisions (β = 0.082; p = 0.119), whereas financial literacy had a positive and significant effect on investment decisions (β = 0.324; p = 0.000). Risk perception was found to negatively moderate the effect of overconfidence bias on investment decisions (β = −0.169; p = 0.039), but it was not found to moderate the effect of financial literacy on investment decisions (β = −0.111; p = 0.088). This research model was able to explain 55.7% of the variance in Generation Z investment decisions (R² = 0.557). These findings confirm that financial literacy is the most dominant factor in improving the quality of investment decisions, while increasing risk awareness is needed as a control mechanism for the impact of overconfidence among young investors in the Indonesian capital market.
Transformasi Tata Kelola Pemerintahan melalui Kerja Sama Daerah: Studi pada Pemerintah Kota Yogyakarta Eko Sutanti; Miswanto Miswanto; Frasto Biyanto
Mandiri : Jurnal Akuntansi dan Keuangan Vol. 5 No. 2 (2026): Juni 2026
Publisher : Lembaga Riset Ilmiah, Yayasan Mentari Meraki Asa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jak.v5i2.1794

Abstract

Penelitian ini menganalisis transformasi tata kelola pemerintahan di Kota Yogyakarta periode 2016–2025 melalui perspektif collaborative governance dan network governance. Berbeda dengan penelitian sebelumnya yang berfokus pada implementasi kerja sama daerah pada sektor tertentu, studi ini memanfaatkan data longitudinal kerja sama daerah untuk menelusuri dinamika transformasi tata kelola pemerintahan. Penelitian menggunakan pendekatan kuantitatif deskriptif yang dipadukan dengan governance analysis. Analisis dilakukan berdasarkan empat indikator, yaitu intensitas kerja sama, dominasi Perjanjian Kerja Sama (PKS), keragaman bidang urusan pemerintahan, dan perluasan jejaring kemitraan multipihak. Data diperoleh dari basis data kerja sama daerah, dokumen kerja sama, laporan monitoring dan evaluasi, serta dokumen perencanaan pembangunan daerah Pemerintah Kota Yogyakarta. Hasil penelitian menunjukkan bahwa kerja sama daerah telah bergeser dari instrumen administratif menjadi instrumen strategis tata kelola pemerintahan. Dominasi PKS menunjukkan orientasi implementasi yang semakin kuat, sedangkan meningkatnya keterlibatan pemerintah, perguruan tinggi, dunia usaha, dan masyarakat mencerminkan perluasan jejaring kolaboratif. Penelitian ini menegaskan bahwa perkembangan kerja sama daerah dapat menjadi indikator transformasi tata kelola pemerintahan serta memberikan masukan bagi pemerintah daerah dalam merancang kebijakan kerja sama yang lebih kolaboratif guna memperkuat kapasitas kelembagaan dan kualitas pelayanan publik.   This study examines the transformation of local governance in Yogyakarta City during 2016–2025 through the perspectives of collaborative governance and network governance. Unlike previous studies focusing on the implementation of regional cooperation in specific sectors, this research employs longitudinal regional cooperation data to analyze governance transformation. A descriptive quantitative approach combined with governance analysis was applied using four indicators: cooperation intensity, the predominance of Cooperation Agreements (Perjanjian Kerja Sama/PKS), diversity of governmental affairs, and expansion of multi-stakeholder partnership networks. Data were collected from regional cooperation databases, cooperation documents, monitoring and evaluation reports, and regional development planning documents. The findings reveal that regional cooperation has evolved from an administrative mechanism into a strategic governance instrument. The predominance of PKS reflects a stronger implementation-oriented approach, while increasing participation by government agencies, universities, the private sector, and civil society indicates broader collaborative networks. The study demonstrates that the evolution of regional cooperation can serve as an indicator of governance transformation. These findings contribute to the literature on collaborative and network governance while providing practical guidance for local governments to design more collaborative regional cooperation policies that strengthen institutional capacity and improve public service delivery.  
Peran Moderasi Brand Awareness dalam Pengaruh Perceived Usefulness, Expert Involvement, dan Playfulness Konten Video Pendek terhadap Lead Generation di Perusahaan B2B Ance Costansa Rajabuan; Muqorrobien Marufi; Miswanto Miswanto; Frasto Biyanto; Baldric Siregar
Benefit: Journal of Bussiness, Economics, and Finance Vol. 3 No. 2 (2025): BENEFIT: Journal Of Business, Economics, and Finance
Publisher : Lembaga Penelitian Dan Publikasi Ilmiah (lppi) Yayasan Almahmudi Bin Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70437/benefit.v3i2.1292

Abstract

This study examines the influence of Perceived Usefulness, Expert Involvement, and Playfulness in B2B short video marketing content on Lead Generation, moderated by Brand Awareness. Data from 200 B2B professional respondents were analyzed using PLS-SEM with SmartPLS. Results indicate that all three content characteristics positively and significantly impact Lead Generation. Brand Awareness positively moderates the relationship between Expert Involvement and Lead Generation. Uniquely, Brand Awareness negatively moderates the relationship between Playfulness and Lead Generation, suggesting that for well-known B2B brands, excessive playfulness can be counterproductive. Managerial implications advise prioritizing usefulness and expert involvement, and adapting playfulness based on Brand Awareness levels.