Articles
<![CDATA[TRUST AND PERCEIVED BENEFIT AS ANTECEDENTS OF REUSE INTENTION IN MOBILE PAYMENT SERVICES ]]>
<![CDATA[Narahdita, Ajeng Putri]]>;
<![CDATA[Aisjah, Siti]]>;
<![CDATA[Kusniyah, Nur]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 18 No. 4 (2020) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21776/ub.jam.2020.018.04.07
<![CDATA[The purpose of this study is to describe and analyze the direct and indirect relations between trust, perceived benefit, perceived risk, and reuse intention. The population of this research is to graduate students who have used Go-pay. Using a purposive sampling method with a nonprobability sampling technique, 177 people were selected as respondents. Research findings show that the trust had an influence directly against the perceived benefit, perceived risk, and reuse intention. Furthermore, the perceived benefit directly influence reuse intention. Besides, this research confirmed that the perceived benefits partially mediate the relationship of trust in the intention of reuse. Nevertheless, the perceived risk does not influence reuse intention.]]>
<![CDATA[THE EFFECTS OF FOREIGN DIRECT INVESTMENT AND PROFITABILITY ON THE STOCK RETURNS ]]>
<![CDATA[Metyopandi, Vierkury]]>;
<![CDATA[Salim, Ubud]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 21 No. 2 (2023) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21776/ub.jam.2023.021.02.11
<![CDATA[This research aimed to identify how to examine and analyze the effects of foreign direct investment and profitability on the stock returns in manufacturing companies registered on IDX during 2016-2018. The total population was 91 companies registered and filtered into 32 registered companies according to the sample criteria and analyzed through Eviews 10 software. The research result referred that the foreign direct investment received by multinational companies could not yet affect stock return directly. Also, foreign direct investment was not able to influence the return on asset (ROA), but it was able to affect the return on equity (ROE). Further, ROA was not able to affect the increase of stock returns, while ROE was able to affect the rise of stock returns. Another research finding showed that ROE was the only one that could be a mediation variable in the relationship between foreign direct investment affecting stock returns. At the same time, ROA could not be a mediation variable. For the next studies, the researchers suggested exploring the other financial performance variables suited to foreign direct investment to affect the stock returns. In practice implication from this research, the investors must see how strong the capital owned by a company that accepts foreign direct investment and the relation, how the capital they receive can improve or maintain the company's financial performance within a certain period of time.]]>
<![CDATA[AN EMPIRICAL ANALYSIS OF FACTORS INFLUENCING PERFORMANCE OF SHARIAH MUTUAL FUNDS IN INDONESIA ]]>
<![CDATA[Marsono, A. Dewantoro]]>;
<![CDATA[Salim, Ubud]]>;
<![CDATA[Ratnawati, Kusuma]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 20 No. 4 (2022) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21776/ub.jam.2022.020.04.11
<![CDATA[This paper aims to identify the factors that affect the performance of shariah mutual funds. This study uses SEM to test the factors that hypothetically influence mutual fund performance, namely mutual fund manager skills, characteristics, and analyst coverage. This study uses a sample of 45 mutual funds registered with the OJK [financial services authority] for at least three years: equity funds, fixed-income funds, and mixed funds. The results indicate that fund manager skills negatively influence mutual fund performance but not significantly. In addition, the characteristics positively affect the mutual fund performance but are insignificant. Last, analyst coverage is positively influencing the mutual fund performance significantly. The results provide information that would benefit the investors in predicting the performance of shariah mutual funds and the fund managers to improve the performance of their managed funds. Further research will ascertain the inability of market-timing skills and asset allocation strategies to improve mutual fund performance.]]>
<![CDATA[EFFECT OF DEBT, FIRM SIZE, AND DIVIDEND POLICY ON FIRM VALUE MEDIATED BY CASH HOLDINGS ]]>
<![CDATA[Putra, Hasannudin Nursalim]]>;
<![CDATA[Salim, Ubud]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 21 No. 4 (2023) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21776/ub.jam.2023.021.04.15
<![CDATA[The context of this study focuses on the benefits of debt usability, firm size, and dividend policy in increasing the value of cash-mediated companies in LQ45 companies for the period 2017-2020. This study aims to find out and analyze the effect of debt, firm size, and dividend policy on the firm's value, either directly or indirectly, through the mediation of cash holdings. The samples in this study are LQ45-indexed companies from 2017-2020. The samples in this study fall into the purposive sampling category, where respondents are selected based on the criteria specified in this study. The sample numbered 24 companies that can be processed. The analysis method used is descriptive analysis and regression of panel data using the Eviews 10 software application. The results showed that increasing the firm's size will decrease the firm's value while increasing the dividend policy will increase the firm's value. Debt and cash holdings are unable to affect the value of the firm. In addition, only variable debt can negatively affect cash holdings, while the size of the firm and its dividend policy cannot affect cash holdings. This research implies that companies indexed LQ45 need to pay attention to optimal cash holding adequacy because it can be influenced by company debt so that the company can maintain its position in the LQ45 index.]]>
<![CDATA[Investment Mindset: Unveiling Behavioral Bias, Enhancing Financial Literacy, and Delving into Risk Perspectives in Stock Investment Decisions ]]>
<![CDATA[Aisjah, Siti]]>;
<![CDATA[Djazuli, Atim]]>;
<![CDATA[Wati, Cicik Retno]]>;
<![CDATA[Fadhila, Wildan]]>
<![CDATA[ West Science Business and Management Vol. 3 No. 02 (2025): West Science Business and Management ]]>
Publisher : <![CDATA[Westscience Press ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.58812/wsbm.v3i02.1981
<![CDATA[Effective investment decision-making requires rational analysis, but is often influenced by psychological biases such as overconfidence and herding. This study examines the stock investment decisions of Generation Z in East Java, an age group closely tied to technology. The focus is on analyzing investment behavior, particularly the influence of overconfidence and herding bias, as well as the impact of financial literacy, through the mediation of risk perception. The study was conducted on 228 respondents aged 18–25 years who invested in the Indonesian Stock Exchange. Data collection and analysis used the SEM-PLS method through SmartPLS software. The results of the study indicate that risk perception is able to mediate the relationship between herding and overconfidence bias with investment decisions. However, risk perception cannot mediate the relationship between financial literacy and investment decisions. These findings contribute to the understanding of financial behavior, as well as guide Generation Z investors in making wiser investment decisions through a theoretical framework based on risk perception.]]>
<![CDATA[The Influence Of Green Perceived Value On Green Loyalty Through Green Satisfaction And Green Trust (Study On The Cosmetic Industry) ]]>
<![CDATA[Ramadhan, Satria Putra]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Manajemen Indonesia Vol. 24 No. 3 (2024): Jurnal Manajemen Indonesia ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis, Telkom University. ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.25124/jmi.v24i3.8415
<![CDATA[The development of rapid industry cosmetics in Indonesia is driven by the increasing class medium and demand to produce beauty-friendly environments, pushing industry cosmetics To produce and develop more products in a friendly environment containing natural ingredients. In an era of increasingly strict competition, especially in consumer-oriented industries like cosmetics, companies often face challenges in maintaining customer loyalty. Effective strategies to awaken the loyalty of consumers are to make them trust and satisfy the products and actions of the company. To gain consumer trust and satisfaction, the company needs to pay attention to the value given. Research This will explain more Far with investigating the complex connection between mark perception green, satisfaction, trust and loyalty in the purchase and use of cosmetics based on a friendly environment. Research This was done against 170 respondents with the use of an approach through the distribution of an online questionnaire on Java Island. Data analysis methods use the Structural Equation Model (SEM) approach based on Partial Least Square (PLS). Research This discloses results that consider the perception of green, satisfaction, and trust positively and significantly related to a loyalty-friendly environment. In addition, it is also obtained that satisfaction and trust make mark perception green important, though satisfaction and trust only partly influence it. This confirms that without the existence of satisfaction and trust, loyal consumers of the cosmetics industry will find it difficult to wake up.]]>
<![CDATA[Pengaruh Laba Akuntansi, Nilai Buku Ekuitas, dan Total Arus Kas terhadap Harga Saham (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) ]]>
<![CDATA[Fitri, Raisa]]>;
<![CDATA[Aisjah, Siti]]>;
<![CDATA[Djazuli, Atim]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 14 No. 1 (2016) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (77.706 KB)
|
DOI: 10.18202/jam23026332.14.1.18
<![CDATA[The capital market has been provided with abundant information available to the investor. Information represents a fundamental demand to the investor in the decision making. The published information will convince the investors. In this study, the parameteres used to measure the perfomance of company based on financial statments is earning, book value of equity, and total cash flow. This study aims to examine and analyze the effect of variable Earning, Book Value of Equity and Total Cash Flow on Stock Price, using a quantitative approach with the method of Regression Analysis Regression. The population of this study is manufacturing companies listed in Indonesia Stock Exchange that has a profit during the study period 2006-2012. The number of population are 52 companies that are observed within 7 years, in order to obtain a total of 364 observations. The results shows that the earning variables provide information and useful in the assessment of the securities, the larger an enterprise earning, then there is the trend of the higher stock prices, while the book value equity variable has a negative effect on stock prices. If the book value of equity increases, then the stock price will decrease. Investors do not use the equity book value as information that needs to be considered in decisions to invest when the company's activity gain a profit. Variable total cash flow has a positive effect on stock prices. If the higher total cash flow will increase the stock price, then it means that the total increase in cash flow will be followed by a rise in stock prices.]]>
<![CDATA[Analisis Variabel-Variabel yang Mempengaruhi Kebijakan Dividen (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) ]]>
<![CDATA[Deni, Febrianto Frans]]>;
<![CDATA[Aisjah, Siti]]>;
<![CDATA[Djazuli, Atim]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 14 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (160.08 KB)
|
DOI: 10.18202/jam23026332.14.2.17
<![CDATA[Abstract: This study aims to find out how Managerial Ownership, Institutional Ownership, Leverage, Company Size, Profitability, and Investment Opportunity influence on Dividend Policy. The population of this study is a manufacturing company that is listed on the Indonesia Stock Exchange Period 2007 to 2011 as many as 203 companies. This study used population criteria methodand obtained saturation samples from 32 companies. The data used are secondary data and methods of analysis is multiple regression analysis. The results showed that Institutional Ownership, Firm Size and Profitability has a positive influence, while Managerial Ownership has a negative but insignificant influence on dividend policy. Leverage has a negative influence while Investments Opportunity has a positive and significan influence on dividend policy. The conclusion of this study is a manufacturing company that has a high leverage will hold most of its earnings to repay debt and or for further fund projects so the company is able to maintain balance its capital structure in order to remain optimal. Manufacturing companies that have high profitability will provide a high dividend payments to give a signal to investors that the company foresees good profitability in the future ]]>
<![CDATA[Pengaruh Kinerja Keuangan Perusahaan terhadap Return Saham (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) ]]>
<![CDATA[Sugiarti, .]]>;
<![CDATA[Surachman, .]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol. 13 No. 2 (2015) ]]>
Publisher : <![CDATA[Universitas Brawijaya, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21776/
<![CDATA[This study aims to examine and analyze the effect of variable current ratio, Debt toEquity Ratio, Return on Equity and Earning per Share to the Stock Return, using a quantitativeapproach with the Analysis Regression method. The population of this study is manufacturingcompanies listed in Indonesia Stock Exchange that pay dividend continuously forthe period 2009-2012. The population numbers are 28 companies that are observed withina period of 3 years, in order to obtain a total of 84 observations. The results showed that thevariable current ratio is a significant negative effect on stock returns. While the variableDebt to Equity Ratio is not significant negative effect on stock returns, and variable positiveReturn on Equity no significant effect on stock returns and variables Earning Per Share isnot significant negative effect on stock returns.]]>
<![CDATA[Sustainability and Profitability: Does ESG Disclosure Influence Firm Value? Evidence From Indonesia ]]>
<![CDATA[Zulianto, Angga]]>;
<![CDATA[Aisjah, Siti]]>
<![CDATA[ Jurnal Management Risiko dan Keuangan Vol. 4 No. 1 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
<![CDATA[Environmental Social Governance (ESG) has become one of the global discussion. Although global awareness of green investment has widely been accepted in developed countries, progresses are still expected in developing countries. In response to such lag in the latter group, this study was conducted to identify the effects of ESG disclosure as a non-financial measure and Return on Equity as a financial measure of firm value. Here, Legitimacy theory and Stakeholder theory were incorporated to understand the effects of the independent variables on the dependent variable. This quantitative study uses secondary data acquired from Bloomberg and the annual reports of 13 sample companies selected through purposive sampling. Multiple linear regression and classical assumption test were performed using SPSS 26. This study finds that ESG disclosure does not significantly influence firm value, which was proxied by Tobin’s Q. Further, the ROE-proxied profitability has positive and significant impacts on firm value, while ESG disclosure was not perceived by investors as a factor that can improve firm value. Additionally, profitability also reflects the companies’ satisfactory performance, attracting investors’ interest and boosting firm value.]]>
