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Free Cash Flow, Profitabilitas, Kebijakan Hutang, dan Likuiditas terhadap Kebijakan Dividen Syamsuddin, Fajar Rakasiwi
Gorontalo Accounting Journal Volume 6 Nomor 1 April 2023
Publisher : Universitas Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32662/gaj.v6i1.2721

Abstract

This study aims to determine the effect of free cash flow, profitability, leverage and liquidity on dividend policy (an empirical study of pharmaceutical companies listed on the Indonesian stock exchange. Multiple regression analysis is used to determine the significance of the independent variables on the dependent variable. Types of data in this research is quantitative data in the form of numbers from the company's financial statements which are the object of research to be further converted into ratio values. The sampling technique used in this research is purposive sampling method. The research samples are pharmaceutical companies listed on the Indonesian stock exchange with consistent criteria for publishing annual reports from 2018 to 2022. This study found that profitability has a positive and significant effect on dividend policy. That is, if the company generates profits, the company will distribute it as dividends. Free cash flow, debt and liquidity policies have no significant effect on the company's dividend policy.
Adaptasi Karyawan UMKM terhadap Perubahan Lingkungan Bisnis untuk Meningkatkan Kinerja Fandika, Habib; Andriyansah, Andriyansah; Syamsuddin, Fajar Rakasiwi
Jurnal Penelitian Inovatif Vol 4 No 2 (2024): JUPIN Mei 2024
Publisher : CV Firmos

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54082/jupin.348

Abstract

Perubahan lingkungan bisnis yang dinamis dan tidak terduga telah menjadi ciri khas dari era kontemporer. Di tengah gejolak ekonomi global, teknologi yang berkembang pesat, dan persaingan yang semakin sengit, organisasi harus mengadaptasi strategi manajemen sumber daya manusia (SDM) yang tangguh untuk mempertahankan relevansi dan keunggulan kompetitifnya. Dalam konteks ini, pengelolaan SDM bukan hanya menjadi kebutuhan, tetapi juga menjadi suatu keharusan bagi organisasi untuk menghadapi tantangan yang terus berkembang. Penelitian ini bertujuan untuk menggali strategi manajemen SDM yang efektif dalam menghadapi perubahan lingkungan bisnis melalui pendekatan kualitatif yang mendalam. Temuan menunjukkan pentingnya integrasi strategi SDM dengan strategi bisnis organisasi, pengembangan kompetensi karyawan, dan manajemen kinerja yang efektif sebagai landasan utama bagi organisasi untuk beradaptasi dan bersaing dalam lingkungan bisnis yang dinamis. Hasil penelitian ini memberikan wawasan yang berharga bagi organisasi dalam mengembangkan strategi SDM yang adaptif dan responsif terhadap perubahan lingkungan bisnis.
Financial Stress, Dampak dan Strategi Penanganannya Pada Mahasiswa Selama Studi Anfas, Anfas; Syamsuddin, Fajar Rakasiwi
Coopetition : Jurnal Ilmiah Manajemen Vol. 16 No. 3 (2025): Coopetition : Jurnal Ilmiah Manajemen
Publisher : Program Studi Magister Manajemen, Institut Manajemen Koperasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/s7bwy963

Abstract

This research systematically reviews the factors influencing student financial stress, its impact on academic success, and effective coping strategies. A literature review of studies published between 2020 and 2025 reveals that student financial stress results from the interaction of personal factors (literacy, self-efficacy, attitude towards debt), structural factors (cost of education and economic conditions), and situational factors (the pandemic and social pressure). The reported impacts encompass mental health, academic motivation, and general well-being. Mitigation efforts require a holistic approach combining financial education, psychological support, and institutional policies to foster a learning environment that is financially and emotionally healthier. This review contributes to enriching the understanding of the importance of student financial well-being for long-term academic success.
Corporate Social Responsibility as a Moderator of Good Corporate Governance with Company Performance Syamsuddin, Fajar Rakasiwi
Jurnal Economic Resource Vol. 8 No. 1 (2025): March-August
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v8i1.1428

Abstract

This study aims to understand financial literacy as a preventive measure against consumer behavior resulting from online loans. The problem addressed is the increasing use of online loans, which often leads users to fall into uncontrolled consumer behavior. The method employed in this study is a literature review, examining various relevant references and previous research. The analysis focuses on literature discussing the relationship between financial literacy and consumer behavior, as well as the factors influencing decisions to use online loans. The findings indicate that high financial literacy plays a crucial role in reducing consumer behavior; individuals with a good understanding of financial management tend to be more cautious when taking online loans and are better able to manage their expenditures. These findings emphasize the importance of financial literacy education as an effective preventive step to mitigate the negative impacts of online loans on society. This research makes a significant contribution to the understanding of the importance of financial literacy in the context of online lending and consumptive behavior and forms the basis for further research in this area.
Fintech's Mediating Role in Financial Efficacy, Risk, and Investment Decisions Anfas, Anfas; Syamsuddin, Fajar Rakasiwi
Studi Akuntansi, Keuangan, dan Manajemen Vol 5 No 3 (2026): January
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v5i3.5741

Abstract

Purpose: This study examines the mediating role of financial technology (fintech) in the relationship between financial efficacy, risk perception, and investment decisions among Indonesian millennials in the capital market. Methodology: A quantitative approach was employed, utilizing an online questionnaire distributed to millennial investors in Indonesia. The collected data were analyzed using multiple linear regression analysis with SPSS to test both direct effects and mediating relationships. Findings: The results indicate that financial efficacy positively influences investment decisions, while risk perception exerts a significant negative effect. Fintech significantly mediates the relationships between both financial efficacy and investment decisions, and between risk perception and investment decisions. The complete model explains 56.8% of the variance in investment decisions. Conclusion: The study concludes that fintech platforms serve as a crucial mechanism through which financial efficacy and risk perception influence millennial investment behavior. Enhancing fintech features can effectively channel financial confidence while mitigating risk apprehensions, ultimately promoting capital market participation among younger investors. Limitations: The study's limitations include a relatively small sample size and the use of purposive sampling, which may affect the generalizability of the findings to the broader population of millennial investors. Contribution: Theoretically, this research extends Self-Efficacy Theory by validating fintech's mediating role in investment behavior. Practically, it suggests that securities companies and fintech developers should enhance user-friendly interfaces, educational features, and platform transparency to boost investor confidence and facilitate informed decision-making.