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THE INFLUENCE OF SELF-CONTROL, OVERCONFIDENCE & FINANCIAL LITERACY ON INVESTMENT DECISIONS OF HIGH RISK ASSETS AMONG THE MILLENNIAL GENERATION AND GENERATION Z Suprapto, Yandi; Joycelyn; Wisnu Yuwono
JMD : Jurnal Riset Manajemen & Bisnis Dewantara Vol. 8 No. 2 (2025): Juli (2025) - Desember (2025)
Publisher : STIE PGRI Dewantara Jombang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26533/jmd.v8i2.1445

Abstract

This research is aimed to perform an investigation regarding the capability of financial literacy, including overconfidence bias and self-control proceed a significant influence on shaping Gen Z and Millennials’ decision to invest. Furthermore, the research also examines how risk tolerance mediating role in the relationship between independent-dependent variables. By employing quantitative approach, utilizing PLS-SEM modelling, the research gained data which is derived from 168 active investors in the capital market of Indonesia. The findings shown the significant influence of financial literacy, self-control, and overconfidence in shaping risk tolerance, which also turns out as a bridge towards the decision of individuals to invest. In this context, financial literacy highly encourages higher overconfidence distorts the perception of risk, well-examined risk taking, and self-control which able to foster such impulsive actions, which further shape the decisions of investment choices. The findings also offers such major insights regarding young investors’ behaviour in the capital market and underlines the requirement to utilize an effective and well-targeted financial education and training of behavioural finance. Those results might be applicable for further literatures looking forward in the development of these theoretical models for further financial professionals, purposed in showing more support to client in investigating the emerging landscape of investment.
Factors Effecting Phone Brand’s Purchase Decision, Mediated By Purchase Intention Suprapto, Yandi; Halim, Wiliana; Kesumahati, Eriliana
At-Tadbir : jurnal ilmiah manajemen Vol 10, No 1 (2026): At-Tadbir: jurnal ilmiah manajemen
Publisher : Islamic University of Kalimantan MAB Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31602/atd.v10i1.21273

Abstract

As the global market continues to change dynamically, smartphone brands industry constantly developing and innoovate new features to fulfill the market demands. The rising of new demands feature resulting businesses to have to intensify their efforts to address those needs, while still maintaining continues rise of sales to earn revenues. This research was done with the intention to study further the role of purchase intention mediating the relationships between social media marketing, brand image, E-WOM, and purchase decision as the dependent. By using quantitive method to obtain the data for this research, a sum of 253 different respondents was gathered all over Indonesia with the type of sampling used was nonprobability. The data gathered were then proceesed by using Smart PLS 3 and SPSS 27. This research resulted that all hypothesis is accepted, except for those who’re involved with the social media marketing variable are rejected. In essence, these findings indicate that businesses can utilize better aspects such as brand image and EWOM in gaining customers willingness to purhcase their products.
THE MODERATING ROLE OF FINANCIAL LITERACY ON THE IMPACT OF BEHAVIORAL BIASES TOWARD INVESTMENT DECISIONS AMONG GENERATION Z IN INDONESIA Wilson, Wilson; Suprapto, Yandi; Candy, Candy
Jurnal Keuangan dan Bisnis Vol. 24 No. 1 (2026): Jurnal Keuangan Dan Bisnis Volume 24, Number 1, Maret 2026
Publisher : Catholic University Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32524/jkb.v24i1.1927

Abstract

Purpose : This study examines the influence of behavioral biases including anchoring bias herding bias loss aversion bias and mental accounting bias on investment decisions and evaluates the moderating role of financial literacy among Generation Z investors in Indonesia Design Methodology Approach : A quantitative survey approach was applied using data collected from Generation Z investors with prior investment experience Data analysis was conducted using Partial Least Squares Structural Equation Modeling with SmartPLS to assess direct and moderating effects Findings : Loss aversion and mental accounting biases show a significant positive effect on investment decisions while anchoring and herding biases show positive but not significant effects Financial literacy significantly moderates the relationship between anchoring bias and herding bias with investment decisions while no moderating effect is observed in the relationships involving loss aversion and mental accounting Practical Implications : Financial literacy demonstrates a selective role in mitigating behavioral biases particularly those related to heuristic driven decision making Therefore targeted financial education programs are required to improve rational investment behavior among Generation Z investors Originality Value : Evidence is provided that the effectiveness of financial literacy as a moderating mechanism depends on the type of behavioral bias thereby offering a more nuanced understanding of behavioral finance in emerging market investor settings
Balancing Profit and Transparency: How CSR, Green Innovation, and Board Diversity Drive Carbon Disclosure in Indonesia Haryanto, Hery; Suprapto, Yandi; Santi, Santi
Reviu Akuntansi dan Bisnis Indonesia Vol. 9 No. 3 (2025): REVIU AKUNTANSI DAN BISNIS INDONESIA
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/rabin.v9i3.29297

Abstract

Research aims: This study explores how Corporate Social Responsibility (CSR), Green Innovation, and Board Gender Diversity influence Carbon Emission Disclosure (CED), with Return on Assets (ROA) as a moderating variable, specifically among Indonesian manufacturing companies.Purpose: This study aims to examine how sustainability practices and board inclusivity contribute to the transparency of carbon emission disclosures and to investigate whether corporate profitability enhances the commitment to environmental reporting among manufacturing firms in Indonesia.Methodology: With a quantitative approach on manufacturing firms listed on the IDX (2019–2023). Data is collected through purposive sampling from annual reports and sustainability reports. Research findings: CSR and gender diversity on corporate boards positively affect carbon emission disclosure, whereas ROA and green innovation exhibit varying effects. Although strong financial performance may reduce transparency in disclosure, the outcomes align with stakeholder theory and legitimacy theory perspectives.Originality/Theoretical contribution: This study introduces ROA as a moderating variable, which is rarely used in carbon disclosure studies, particularly in Indonesia. It demonstrates how financial performance affects transparency. This paper addresses a research gap by comparing Indonesia's wegapclosure procedures with international advanced practices and the relevant practices in external business initiatives to foster sustainability.