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The Role of Financial Literacy and Beliefs in Investment Decision Making Mediaty; Habbe, Abdul Hamid; PRATIWI, RIZKY INMAS; Batara, Angela; Irfan, Lidya Pratiwi; Azizah, Nur
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6422

Abstract

Distinct from prior work that emphasises either financial literacy alone or broad student populations, this paper jointly examines financial literacy and financial self-efficacy as drivers of investment decision-making among accounting students a cohort of prospective finance professionals within Indonesia’s evolving OJK-led financial inclusion and investor-education ecosystem. A cross-sectional survey of 50 active undergraduate and postgraduate accounting students from Hasanuddin University and Universitas Muslim Indonesia in Makassar (tertiary education sector; accounting programmes) was analysed using PLS-SEM (SmartPLS 3.3.9, bootstrapping). Results indicate a positive, significant effect of financial literacy on investment decisions (β = 0.741, p = 0.001), while financial self-efficacy is negative and non-significant (β = −0.113, p = 0.563), with the model explaining 41.7% of variance (R² = 0.417). The evidence suggests that knowledge-based competence, rather than confidence alone, underpins higher-quality investment choices in this context. A policy-ready implication follows: curriculum-embedded financial education with supervised practice (campus investment clinics co-run with IDX–OJK partners and broker-dealers) is likely to outperform confidence-building campaigns delivered in isolation. By offering Indonesia-specific, management- and policy-relevant evidence on decision quality in an emerging-market setting, the manuscript contributes to debates at the intersection of behavioural finance, education, and economic management germane to HEBR’s readership.
Do Gold Prices Influence Generation Z’s Investment Motivation? Evidence from Indonesia Habbe, Abdul Hamid; Mediaty; Sakinah, Andi Nur; Wahid, Abdul; Mallisa, Amalia Indah Pratama; Damara, Mochamad Rizky
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 2, 2025
Publisher : Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i2.6478

Abstract

This study investigates the influence of gold price perceptions on investment motivation among Generation Z in Indonesia. Adopting a behavioral perspective, the research applies the Theory of Planned Behavior (TPB) to explain how external economic signals such as gold price changes shape investment intentions. A quantitative explanatory design was used, with data collected from 62 Gen Z respondents through purposive sampling. Respondents completed a structured online questionnaire with items adapted from prior validated studies. Results of a simple linear regression analysis reveal that gold prices are significantly associated with increased investment motivation (R² = 0.392; p < 0.001), explaining 39.2% of the variance. These findings highlight the role of perceived financial stability and safe-haven value in shaping youth investment preferences. The study contributes to behavioral finance by providing empirical insights into Gen Z’s decision-making drivers in emerging markets. Implications are discussed for financial educators, policymakers, and digital investment platforms seeking to promote informed investment behavior among young adults.
Ten Years of Government Budgeting Research – A Review of Recommendations for Future Budgeting Practices Endang Tri Pratiwi; Mediaty; Pontoh, Grace T; Sundari, Sri; Indrijawati, Aini
Inclusive Society and Sustainability Studies Vol. 5 No. 1 (2025): August Volume
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/issues.v5i1.3291

Abstract

Government budgeting serves not only as a financial document but also as a political instrument that reflects the priorities and values of society. Various types of budgeting have become the focus of research, with several research gaps identified, including the conditions that trigger changes in budgeting strategies, the different types of budgeting chosen, and pathways for future research that reflect important emerging and unexplored areas related to theory, context, characteristics, and methodology. This article aims to identify common issues related to the role of key persons and the budgeting cycle, with the goal of minimising gaps in the future budgeting practice literature. The use of PRISMA-SPAR4 through the Watase UAKE application resulted in a comprehensive search and strict supervision in this article, reducing the initial 133 articles to 43 articles based on keywords. The search for article data through the keyword "Government Budgeting". Furthermore, the screening process is determined by several criteria, namely 1) only articles published in scientific journals; 2) between 2014 and 2023; and 3) indexed by Scopus Q1–Q4. As a result, this review reveals important trends in articles, authors, countries, and research themes in government budgeting over the past, present, and future periods. This study categorises various types of budgeting in the government sector across different countries, providing a reference source for interested parties to inform their formulation of budgeting types under multidimensional conditions. Additionally, this research constitutes a literature review that focuses on government budgeting practices over the last decade.
The Effect of Profitability, Retention Policy, and Tax Planning, on Firm Value with Financing Policy as A Moderating Variable Mediaty; Muhammad Afdhal Usman; Abdul Hamid Habbe
Formosa Journal of Multidisciplinary Research Vol. 2 No. 12 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v2i12.7267

Abstract

This research aims to explain and examine the effect of profitability, retention policy, and tax planning on firm value with financing policy serving as a moderating variable. The study's population and sample comprise companies categorized under LQ45 on the Indonesia Stock Exchange, during the timeframe spanning from 2015 to 2022. The research employs purpose sampling for sample selection and will utilize the methods of Moderated Regression Analysis. This research reveal that profitability and retention policy exert a positive and substantial influence, whereas tax planning does not affect the firm’s value significantly. Additionally, the financing policy does not moderate or weaken the influence of profitability, retention policy, and tax planning on firm value.
The Effect of Local Revenue, General Allocation Fund, and Capital Expenditure Against Financial Performance Putri Ramadhani; Rosmayanti; Alifa, Sarah; Pakulla’, Heriani; Minggu, Ayu Rinathi; Habbe, Abdul Hamid; Mediaty
AFEBI Accounting Review Vol. 8 No. 1 (2023): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

The purpose of this study is to examine and analyze the impact of local revenue distribution and capital expenditure general fund on the financial performance of South Sulawesi provincial government. This study is a quantitative study that uses statistical analysis to test research hypotheses. Using secondary data obtained from the 2019-2021 South Sulawesi Provincial Government Financial Statements the results of this study show that South Sulawesi Real Revenue and Capital Expenditure General Allocation Regional Fund has a positive impact on financial performance. The provincial governments local government financial performance is to use relevant key indicators to evaluate the local governments financial performance so as to help local governments understand their own financial situation and measure the achievements in achieving financial goals and public interests. Keywords: Financial Performance, Local Revenue, General Allocation Fund, and Capital Expenditure.
The Influence of the Independent Board of Commissioners and Corporate Sustainability on Firm Value in Mining on the Indonesia Stock Exchange (IDX) in 2021-2022 Nur'Illiyyien; Fratiwi, Sri Ayu; Tikupasang, Medyoto; Fitriani; Jamaluddin; Habbe, Abdul Hamid; Mediaty
AFEBI Accounting Review Vol. 8 No. 2 (2023): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

Abstract This research aims to examine the effect of the independent board of commissioners and corporate sustainability on firm value. This research uses a causality quantitative approach. The research data is secondary data taken from the IDX data website. The sample used amounted to 15 mining sector companies during the two-year observation period. Purposive sampling is a technique used for data collection. The analysis method used is linear regression analysis with SPSS 23 analysis tool. The results showed that the independent committee and corporate sustainability have a significant influence on firm value. Keywords: Independent Board of Commissioners, Corporate Sustainability, Firm Value
The Effect of Return on Assets, Net Profit Margin, and Debt to Equity Ratio on Stock Returns Mediaty; Habbe, Abdul Hamid; Yunus
Contemporary Journal of Applied Sciences Vol. 1 No. 2 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/cjas.v1i2.7374

Abstract

This study seeks to evaluate the influence of return on assets (ROA), net profit margin (NPM), and debt-to-equity ratio (DER) on the stock returns of manufacturing companies within the consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the period from 2018 to 2021. The investigation encompasses a population of 74 companies within this industry, and employing purposive sampling, a total of 8 companies were chosen as the sample. The research employs a quantitative analysis, specifically adopting an associative research approach. The findings reveal that both ROA and NPM exert a significant individual impact on stock returns, whereas the DER variable does not exhibit a statistically significant influence. Moreover, when considered collectively, the three variables (ROA, NPM, DER) demonstrate a substantial combined effect on stock returns.
Analysis of the Effect of Intelligent Quotient (IQ),Emotional Quotient (EQ), and Spiritual Quotient (SQ) on Accountability of Private University With Performance as Intervening Variable Mediaty; Afandi; Habbe, Abdul Hamid
Contemporary Journal of Applied Sciences Vol. 1 No. 2 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/cjas.v1i2.7385

Abstract

The aim of this study is to examine how intelligent quotient, emotional quotient, and spiritual quotient influence performance and accountability within private universities. The research centers on five private universities located in Makassar city, utilizing questionnaire distribution as the primary data collection method. The analysis employed for data interpretation involves quantitative methods, specifically multiple linear regression analysis and path analysis. The findings of the study reveal the following results: (1) Intelligent quotient positively influences performance in private universities; (2) Emotional quotient does not significantly affect performance in private universities; (3) Spiritual quotient positively influences performance in private universities; (4) Intelligent quotient positively affects accountability in private universities; (5) Emotional quotient positively affects accountability in private universities; (6) Accountability in private universities is positively influenced by spiritual quotient. (7) Intelligent quotient, emotional quotient, and spiritual quotient jointly contribute to a positive impact on accountability through performance in private universities.
Green Innovation for Small-to Medium-Sized Enterprises (SMEs): Systematic Literature Review Mediaty; Diza Kurnianty Jamal; Abdul Hamid Habbe
Indonesian Journal of Economic & Management Sciences Vol. 1 No. 6 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijems.v1i6.7274

Abstract

The green innovation literature of the past few decades is not only interesting for research due to its high level of environmental awareness and the provision of green products and services, but also because of its widespread and important applications. This study aims to determine research trends related to the adoption of green innovation, especially in SMEs during 2013-2023 by using Systematic Literature Review techniques. The result of this research identifies the key elements factors of GI for managers and ultimately serve as an important reference to help formulate GI activity strategies. This research can serve as a foundation for scientific development so that the number of studies related to new topics related to green innovation also continues to increase
Analysis of Warrant Issuing: on Abnormal Return Mediaty; Abdul Hamid Habbe; Nurfaiqah Yunus
Indonesian Journal of Applied and Industrial Sciences (ESA) Vol. 3 No. 1 (2024): January 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/esa.v3i1.7300

Abstract

This research aims to determine the market reaction to abnormal stock returns before and after the issuance of warrants. This research data is secondary data. The population of this research are companies that issued warrants in the 2020-2023 period and are listed on the Indonesia Stock Exchange (BEI). The sampling technique for this research is a purposive sampling technique, namely selecting samples based on certain criteria. The sample for this research was 40 companies. The research uses an event study research model with an observation period of 10 days, namely 5 days before and 5 days after the announcement. The data analysis method used in this research uses the non-parametric statistical test Wilcoxon signed-rank test with the help of SPSS 29. The results of the research show that there is no influence on the issuance of warrants on abnormal stock returns.