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Effects of CSR, Financial Performance, and Good Corporate Governance (GCG) on Increasing the Corporate’s Value Marheni, Dewi Khornida; Salim, Silvia; Candy
Journal of Global Business and Management Review Vol. 6 No. 2 (2024): Journal of Global Business and Management Review
Publisher : Program Sarjana Manajemen Universitas Internasional Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37253/jgbmr.v6i2.10024

Abstract

Company value, which plays a role in determining the company's position, can be influenced by several factors such as CSR, financial performance, and good corporate governance. The purpose of this study was to determine and analyze the effect of CSR, financial performance, and corporate governance on firm value. The method used in this research is quantitative method. The type of data collection is secondary data obtained from financial reports and sustainability of manufacturing companies in 2018-2022. The data was analyzed using the multiple linear regression method or Multiple Regression Analysis using the STATA application. The results showed that gender diversity has a significant effect on firm value. This research is important to do so that companies know which aspects should be improved in order to advance company value, and it is also important for investors to consider which companies are much better to invest in.
Impact of Credit and Liquidity Risk on Profitability: The Conventional Rural Banks in Riau Islands Province Hesniati, Hesniati; Ellen, Ellen; Marheni, Dewi Khornida
Jurnal Maksipreneur Vol 13 No 2 (2024)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v13i2.1667

Abstract

The Covid-19 pandemic drastically changed the world economy, resulting in Indonesia experiencing an economic decline and deflation. The banking industry played a significant role in building the economy, so the financial services authority issued a circular letter regarding the provisions for implementing risk management for conventional rural banks and the new rules for implementing credit restructuring. This study analyzed the impact of credit and liquidity risk of conventional rural banks in the Riau Islands on profitability. Data were extracted from the financial services authority publication report of 42 conventional rural banks in Riau Islands during 2017-2021. The results of panel data analysis with the fixed effect model (FEM) showed that all risks were significantly associated with profitability (ROA), the authors found that the capital adequacy ratio had a positive significance, and the non-performing loan, liquid asset to total asset, loan to deposit ratio, and cash to deposit ratio harmed ROA. The results showed that bank risk management was needed to maintain the profitability of rural banks in Riau Islands Province.
The Influence of Leadership Style Mediated by Intellectual Capital and Innovation on International Manufacturing Company Performance Yuwono, Wisnu; Ewaldo, Davin; Khornida Marheni, Dewi; Saputra, Suyono
Dinasti International Journal of Education Management And Social Science Vol. 6 No. 3 (2025): Dinasti International Journal of Education Management and Social Science (Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijemss.v6i3.4028

Abstract

Currently, companies face uncertain situations due to the effects of unstable world geopolitical conditions, and the role of company leaders will affect innovation and company performance. This study analyzes the relationship between leadership style, intellectual capital, and innovation on employee performance in foreign manufacturing companies in Batam City, Indonesia. This study uses quantitative methods with data collection through questionnaires distributed to employees in foreign manufacturing companies in Batam City totaling 303 respondents. The results showed that transformational and authentic leadership styles had a significant positive influence on employee innovation and performance, while transactional leadership style showed a stronger influence in a stable business environment. Intellectual capital proved to be an important mediator in the relationship between leadership style and innovation, which in turn has an impact on improving company performance. This study provides practical implications for managers of manufacturing companies to adopt a leadership style that suits the dynamics of the work environment and maximize intellectual capital to encourage innovation and optimal employee performance.
Analysis of Factors Influencing Brand Loyalty to International Clothing Brands in Batam City Mediated by Brand Trust Winardy, Jeffri; Marheni, Dewi Khornida
Jurnal Maksipreneur Vol 14 No 1 (2024)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i1.1330

Abstract

This research was conducted to determine the factors influencing Brand Loyalty to international clothing brands in Batam City, which is mediated by Brand Trust. By using purposive sampling, samples obtained as many as 355 respondents. Empirical data was obtained using the online questionnaire distribution method with the Google form. The research data was tested using the Structural Equation Modeling (SEM) technique with Smart PLS 3 for Windows. The variables contained in the research are Brand Reputation, Brand Personality, Brand Experience, Brand Image, Brand Trust, and Brand Loyalty. The study results show that the variables of Brand Experience and Brand Trust affect Brand Loyalty. Variables of Brand Experience, Brand Image, Brand Personality, and Brand Reputation influence Brand Trust. Meanwhile, Brand Image, Brand Personality, and Brand Reputation variables do not affect Brand Loyalty. Brand Image and Brand Reputation variables affect Brand Loyalty when mediated by Brand Trust. Meanwhile, Brand Experience and Brand Personality do not affect Brand Loyalty when mediated by Brand Trust. This study is expected to become a reference and literature for building marketing strategies to be more effective and efficient. So it can be used by companies as a source of information and insight in making business decisions.
THE The Effect of Gender Diversity of the Board of Directors and Board of Commissioners on Dividend Payment Policy H, Andre Steven; Marheni, Dewi Khornida
Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Vol 8 No 1 (2025): Artikel Riset Januari 2025
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Al-Washliyah Sibolga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36778/jesya.v8i1.1955

Abstract

The purpose of this study is to analyze the effect of the proportion of female directors, the proportion of female commissioners, female independent directors, and female independent commissioners on dividend payment policy in Foods and Beverages companies listed on the Indonesia Stock Exchange in 2019-2023. In this study, dividend payment policy is the dependent variable, the proportion of female directors, the proportion of female commissioners, female independent directors, and female independent commissioners are independent variables. The sample used 18 Foods and Beverages companies in 2019-2023. Data for this variable was collected from the website www.idx.go.id in the form of company financial report data. This research method uses multiple linear analysis. The results of the study indicate that partially the proportion of female directors, the proportion of female commissioners, female independent directors, and female independent commissioners have a positive and significant effect on dividend payment policy. The results of this study provide important implications, companies that make dividend payments will provide benefits for both investors and companies. Among them are increasing shareholder trust, influencing stock prices, showing the company's financial performance, and influencing the company's value.
PENGARUH FAKTOR EKONOMI MAKRO TERHADAP HARGA EMAS DI INDONESIA Wisnu Yuwono; Calvin Calvin; Johny Budiman; Dewi Khornida Marheni
JURNAL LENTERA BISNIS Vol. 14 No. 2 (2025): JURNAL LENTERA BISNIS, MEI 2025
Publisher : POLITEKNIK LP3I JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34127/jrlab.v14i2.1514

Abstract

This study was conducted with the aim of analyzing the impact of macroeconomic variables on gold prices in Indonesia. The variables analyzed include inflation, interest rates, Gross Domestic Product (GDP), and unemployment rates. The data used covers an eleven-year period, from January 2013 to December 2023. The results of the study show that inflation and interest rates have a negative but insignificant effect on gold prices. Conversely, GDP and unemployment rates have a significant positive effect on changes in gold prices in Indonesia. The results of this study can be a reference for investors in planning gold investments in the future.
Intention to Use Cryptocurrency in Batam City among Millennials Marheni, Dewi Khornida; Jofia, Nurul; Candy
Journal of Global Business and Management Review Vol. 7 No. 1 (2025): Journal of Global Business and Management Review
Publisher : Program Sarjana Manajemen Universitas Internasional Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37253/jgbmr.v7i1.10118

Abstract

The intention of individuals to use cryptocurrency is influenced by several factors, including financial literacy, herding behavior, and perceived risk. The purpose of this research is to explore how behavioral finance affects the intention to use cryptocurrency. This study employs a quantitative method. The sampling technique used is purposive sampling by distributing questionnaires based on certain criteria. Data is analyzed using the PLS-SEM method. The sample used for testing consists of 401 respondents who use cryptocurrency. The results of the study indicate that herding behavior and perceived risk have a significant influence on the variable of behavioral intention to use cryptocurrency. This research is important because, before deciding to invest in cryptocurrency, it is crucial for millennials to conduct thorough research, consider their individual risk profiles, and not just follow trends.
Antecedent and Consequence Analysis of Investor Behavior Variables in Retail Shares on The Indonesian Stock Exchange Yuwono, Wisnu; Antalius, Yosep Deki; Ibrahim, Mukdad; Putra, Edy Yulianto; Marheni, Dewi Khornida
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.391

Abstract

Background: The Indonesia Stock Exchange (IDX) over the last four years (2019-2022) shows an average increase in the number of investors of 60.91%. However, this did not significantly impact market capitalization, which grew 9.86%, and the average growth of the Jakarta Composite Index, which was only 3.03% over the last four years. The data is very interesting to analyze further regarding investor behavior in investing in the stock market.Purpose: This research aims to analyze the influence of financial knowledge, investment experience, information media, and social interaction on retail investor behavior and the influence of retail investor behavior on investment decisions. Design/methodology/approach: Research data was taken from 292 stock investors, using a purposive sampling technique. Data processing and analysis use Structural Equation Modeling (SEM) with Smart PLS 3.2.9. Finding/Result: The research results show that financial knowledge and information media do not have a significant effect on retail investor behavior. Investment experience and social interaction have a positive and significant effect on retail investor behavior. Retail investor behavior has a significant influence on investment decisions. Other findings show that investor behavior cannot mediate the relationship between the variables of financial knowledge, investment experience, information media, and social interaction on investment decisions. Conclusion: Financial knowledge and media information are no longer the basis of investor behavior, both of which have been replaced by more subjective factors, namely investment experience and social interaction. Investor behavior is also unable to mediate the relationship between the four variables and investment decisions.Originality/value (State of the art): This study is to investigates the relationship between fundamental aspects and subjective aspects on retail investor behavior and the influence of investor behavior on investment decisions, so that the authors develop new models in research. Fundamental aspects are no longer something interesting for investors because of less credible information, so they prefer to use experience and social interaction. The role of company managers is to provide more credible information through financial reports, and the need for information media management in encourage investors to invest. Keywords: investment decision, retail investor behavior, financial knowledge, investment experience, media information, social interaction
Investigating The Financial Behavior In Batam’s Younger Generations: Does Financial Self-Efficacy Mediate? Marheni, Dewi Khornida; Tazkia, Putri; Hashim, Hanini Ilyana Che; Wijaya, Cynthia Anna; Yuwono, Wisnu
Jurnal Dinamika Manajemen Vol. 16 No. 1 (2025): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v16i1.14942

Abstract

This study examines the financial behavior of Generation Y and Z in Batam by highlighting the role of psychological factors. Unlike previous research that emphasizes low financial literacy as the primary cause of poor financial behavior, this study explores how locus of control and financial self-efficacy mediate or moderate that relationship. Using a causal research design, snowball sampling technique, and online questionnaires, the findings reveal that both financial literacy and locus of control significantly influence financial behavior, with financial self-efficacyserving as a mediator. These results suggest that financial behavior is shaped not only by financial literacy but also by psychological factors such as self-control. The practical implication is the need for financial education programs that enhance not only knowledge but also psychological skills to support more informed financial decision-making.
THE PSYCHOLOGICAL AND EDUCATIONAL DRIVERS OF INVESTMENT DECISIONS: A STUDY ON GEN Y AND GEN Z IN BATAM CITY Marheni, Dewi Khornida; Serina, Serina; Hashim, Hanini Ilyana Che; Ramadani, Arienda Gitty
Journal of Management Small and Medium Enterprises (SMEs) Vol 18 No 2 (2025): JOURNAL OF MANAGEMENT Small and Medium Enterprises (SME's)
Publisher : Universitas Nusa Cendana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/jom.v18i2.20434

Abstract

The primary purpose of this research is to thoroughly analyze the influence of overconfidence and herding behavior on stock investment decisions. Additionally, this research aims to investigate the moderating effect of financial literacy on the relationship between these behavioral factors (overconfidence and herding) and investment decisions. This research is quantitative research. The sample of this research is Gen Y and Gen Z stock investors in Batam City, Indonesia. The research analyzed the data using Partial Least Square Structural Equation Model (PLS-SEM), an advanced statistical technique that allows examining complicated relationships among observed variables and latent variables. The findings have revealed that overconfidence has a significant positive effect on investment. Similarly, herding significantly positively affects investment decisions, while financial literacy successfully moderates the relationship between overconfidence and investment decisions; however, it does not successfully moderate the relationship between herding and investment decisions. Keywords: Financial Literacy; Herding; Investment Decision; Overconfidence
Co-Authors Abner O nesimus Sijabat Ade Olivia Agus Susanto Alex Alex Alfred Joven Aliandrina, Dessy Angelina Wulan Juniarty Angellyn Lim Anmelrina Anmelrina Antalius, Yosep Deki Ardi Hermanto Arienda Gitty Ramadani Arienda Gitty Ramadani Ayu Purnama Calvin Calvin Candy, Candy Cheristina, Cheristina Cindy Ellysa Cindy Ellysa Cing Mei Cruz II, Roque B. Darvin Darvin Desi Mulyati Dhifira Annisa Widyasari Dhifira Annisa Widyasari Dhifira Annisa Widyasari Diana Diana Diana Merliana Rahman Eddy Oktarianto Ellen Ellen Eni Valentina Enje Aprilla Erick, Erick Evelyn Evelyn Evelyn Ewaldo, Davin Fanesha Nissy Kusweanto Firman Adiyasa Fitri Sembiring Milala Grace Geovanni Gracia Melani Greece Agustin H, Andre Steven Hashim, Hanini Ilyana Che Helen Tan Hendry Hendry Heri Hartono Herman Herman Hery Haryanto Hery Haryanto Hesniati Hesniati Hesniati, Hesniati Ibrahim, Mukdad Isnaini Nuzula Agustin Jeffri Winardy Jenny, Jenny Jevfri Jevfri Jimmy Cung Joey Joey Jofia, Nurul Johny Budiman Joycelin Joycelin Julia Rahayu Putri Julianto Julianto Junita Junita Kelvin Kelvin Kwek Kendri Setiawan Kristina Kristina Kwek, Kelvin Laurent Aranathasya Selay Leonardo Christofher Lindawati Lindawati Lusi Lusi Lydia Desrita Marcelino Marcelino Marthin, Ricko Maudy Febrianna Meillverrani Erline Mellitania Surya Mentari Indah Sari Michelle Selvia Liu Milenia Ong Mirza Salman Pahlavi Muhammad Taufik Ong, Milenia Putra, Edy Yulianto Ramadani, Arienda Gitty Rano Ardiansyah Ratih Anggraini Ratih Anggraini, Ratih Ricky Wijaya Rieza Melinda Rivaldo Fariadi Ivanda Robin Robin Salim, Silvia Satya Satya Selvia Eka Marliana Sepbianto Sepbianto Serina, Serina Shellin Shellin Shelvi Shelvi Sherry Sherry, Sherry Shirley Feblicia Silvy Gresia Stella Yosephine Suryati Suryati Susanti Susanti Suwandi Suwandi Suyono Saputra Syelen Syelen Tazkia, Putri Tri Anggi Astuti Valentina, Cindy Vanni Valentina Veronica Veronica Viviani Viviani Wandi, Yulfis Widiyanti, Riski Wijaya, Cynthia Anna Wily Wily Winardy, Jeffri Wisnu Yuwono Yandi Suprapto Yanni Yanni Yulfiswandi, Yulfiswandi