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Pengaruh Faktor Demografi dan Literasi keuangan dengan Behavior Finance dalam Pengambilan Keputusan Investasi Siratan, Elkunny Dovir; Setiawan, Temy
Esensi: Jurnal Bisnis dan Manajemen Vol 11, No 2 (2021)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v11i2.23671

Abstract

The investment decision-making process is influenced by various factors, including financial literacy and demographic factors. This research examines the impact of demographic factors and financial literacy with behavioral finance as a mediation on investment decision making.  This research using structural equation model (SEM) analysis. The result shows that demographic factors through gender, age, education, income, occupation and experience have an influence and cause a specific behavior in investment decision making. Then the financial literacy factor has an influence in reducing negative behavior. Likewise, demographic factors and financial literacy with behavioral finance as a mediation on investment decisions have a positive influence. The existence of behavior that is manages with planning, financial literacy support, and demographic factors owned by individual investors will create an opportunity for market momentum. Which help maximize profit, better investment and portfolio performance, avoid risks, better investment decision, and forming trading strategies.
THE EFFECT OF THE GLOBAL STOCK EXCHANGE INDEX ON THE INDONESIA COMPOSITE INDEX (ICI) IN THE INDONESIA STOCK EXCHANGE FOR 2016-2021 PERIOD Kevin Santoso; Tannia Tannia; Elkunny Dovir Siratan; Anastasia Erdina Renaganis; Jessie Jessie; Handoko Handoko
Jurnal Muara Ilmu Ekonomi dan Bisnis Vol. 7 No. 1 (2023): Jurnal Muara Ilmu Ekonomi dan Bisnis
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmieb.v7i1.22807

Abstract

Faktor pergerakan indeks global sering dijadikan indikator oleh investor dalam mengambil keputusan bertransaksi di pasar modal Indonesia. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh indeks pasar saham global khususnya DJIA, FTSE 100, SSEC, dan Indeks Straits Times terhadap Indeks Harga Saham Gabungan (ICI) di Bursa Efek Indonesia. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan data sekunder berupa time series harga penutupan akhir bulan dari setiap indeks pasar saham pada bulan Oktober 2016 sampai dengan September 2021. Hasil penelitian menunjukkan bahwa dalam jangka panjang, FTSE 100 dan Straits Times Indeks berpengaruh signifikan terhadap ICI. Sedangkan DJIA dan SSEC tidak berpengaruh signifikan terhadap ICI. Selain itu secara simultan, DJIA, FTSE 100, SSEC, dan Straits Times Index berpengaruh signifikan terhadap ICI dalam jangka pendek. Dengan demikian, disimpulkan bahwa pergerakan indeks pasar saham global dapat mempengaruhi pergerakan ICI. Dimana investor domestik menjadikan faktor ini sebagai perilaku pengambilan keputusan dalam transaksi saham yang tepat untuk memaksimalkan keuntungannya.   The factor of the movement of the global index is often used as an indicator by investors in making transaction decisions in the Indonesian capital market. The purpose of this research is to determine the effect of global stock market indices, particularly the DJIA, FTSE 100, SSEC, and Straits Times Index to Indonesia Composite Index (ICI) on the Indonesia Stock Exchange. This research was quantitative research using secondary data in the form of time series of closing prices at the end of the month from each stock market index from October 2016 to September 2021. The results showed that in the long term, the FTSE 100 and Straits Times Index had a significant effect on the ICI. While the DJIA and SSEC has no significant effect on the ICI. Also simultaneously, the DJIA, FTSE 100, SSEC, and Straits Times Index have a significant effect on the ICI in the short term. It was concluded that the movement of the global stock market index could affect the movement of the ICI. Which domestic investors who make this factor as a decision-making behavior in stock transactions are correct in order to maximize their profit.
PENGARUH LITERASI KEUANGAN, KETERTARIKAN UNTUK BERINVESTASI, PERSEPSI RISIKO, DAN KESADARAN BERINVESTASI TERHADAP KEPUTUSAN INVESTASI MASYARAKAT DI WILAYAH TIMUR INDONESIA Tannia, Tannia; Siratan, Elkunny Dovir; Jeffri, Jeffri; Elim, Rickel Arial Kaisar; Tutuhatunewa, Daniel Gilberth Filadelfia
GLORY Jurnal Ekonomi dan Ilmu Sosial Vol 4 No 6 (2023): GLORY Jurnal Ekonomi dan Ilmu Sosial
Publisher : Universitas Nusa Cendana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/glory.v4i6.12454

Abstract

Pertumbuhan ekonomi di Indonesia mengalami penurunan akibat pandemi, namun pertumbuhan ekonomi di wilayah Timur Indonesia justru mengalami kenaikan. Kenaikan ini seiring dengan kenaikan jumlah investor dari masyarakat wilayah Timur Indonesia. Terdapat penambahan jumlah Single Invetor Identity (SID) pasar modal baru di daerah Papua pada rentang Januari sampai Mei 2021, yaitu sebanyak 8.247. Menurut Orisu (2018) investasi merupakan pembentukan modal yang mendukung pemerintah dalam melaksanakan peranannya memacu pertumbuhan ekonomi Indonesia. Investasi terjadi karena upaya mengejar ketertinggalan pembangunan wilayah, “capital push” dalam skala besar untuk mendorong pertumbuhan ekonomi lebih tinggi. Tujuan penelitian ini untuk mengetahui faktor yang mempengaruhi keputusan investasi masyarakat di wilayah Timur Indonesia. Dalam penelitian ini, diduga literasi keuangan, ketertarikan untuk berinvestasi, persepsi resiko, pendidikan, dan kesadaran berinvestasi mempengaruhi keputusan investasi masyarakat di wilayah Timur Indonesia. Metode penelitian yang dilakukan peneliti dimulai dari menyusun kuesioner, membagikan kuesioner kepada responden, dan mengolah data kuesioner tersebut untuk mendapatkan hasil dan melakukan analisis. Hasil penelitian ini adalah literasi keuangan dan ketertarikan berinvestasi tidak berpengaruh signifikan, sedangkan variabel persepsi resiko dan kesadaran investasi memiliki hasil berpengaruh signifikan. Penelitian ini juga menemukan hasil pengambilan keputusan investasi memiliki hubungan dengan variabel persepsi resiko dan kesadaran investasi yang berpengaruh dalam pengambilan investasi masyarakat di wilayah Timur Indonesia. Kata Kunci : Keputusan Investasi, Literasi Keuangan, Ekonomi
Mengenali Teknik Pemecahan Masalah melalui Permainan Rantai Kertas - Studi Kasus Siswa Menengah Atas Anatasia, Velly; Tannia, Tannia; Susilo, Sophia Reni; Siratan, Elkunny Dovir; Florencia, Livia Evangelina
To Maega : Jurnal Pengabdian Masyarakat Vol 8, No 2 (2025): Juni 2025
Publisher : Universitas Andi Djemma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35914/tomaega.v8i2.3251

Abstract

Education plays a crucial role in every individual's life, providing opportunities to acquire knowledge, develop skills, and shape attitudes. One essential aspect of education is how students cultivate leadership skills and actively participate in organizations. However, students often face various challenges while carrying out organizational tasks, and a lack of problem-solving skills can hinder their effectiveness. To address this issue, a community service activity was conducted to provide creative problem-solving training for students involved in school organizations. This training aimed to equip students with both the mental resilience and practical skills needed to handle problems, whether anticipated or unexpected. A total of 29 students from SMK Tarakanita South Jakarta participated in this experiential learning program. The learning approach used in this program was experiential learning, which emphasizes learning through direct experience. Additionally, the Participatory Rural Appraisal (PRA) approach was integrated into the activities. The evaluation results demonstrated a statistically significant improvement in the student's knowledge and behavior after participating in the paper chain game activity. The findings suggest that important life skills including problem-solving skills can be effectively taught from a young age using experiential learning methods. This article also discusses the program’s design, outcomes, and challenges encountered during implementation.
The Influence of Behaviour Finance and Demographic Factors on Investment Decision Making Through Risk Tolerance as Mediation Dovir Siratan, Elkunny; Tannia, Tannia; Reni Susilo, Sophia; Cristia Dewi, Angelia; Dozen, Wily
Dinasti International Journal of Economics, Finance & Accounting Vol. 4 No. 6 (2024): Dinasti International Journal of Economics, Finance & Accounting (January-Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v4i6.2241

Abstract

Investment decision making is something that is inevitable and a critical moment in determining the success of an investor in making their investment. This research conduct since investment decision making is very difficult to measure and seen directly. Hence, it is necessary to identify various factors that influence investment decision making including demographic factors, behavior finance, and risk tolerance. The type of research is quantitative with a population of all capital market investors who invest in shares on the Indonesia Stock Exchange (IDX), especially the LQ45 index as well as data processing uses AMOS 24. The results showed that demographic factors have an influence which causing specific behavior and tolerance thresholds related to risk, which in turn affect performance and optimization in investment decision making. Investors must also be aware of the existence of behavior finance which is found in the form of behavior or actions caused by psychological factors inherent. On the other hand, the role of risk tolerance also shapes behavior patterns and planning processes related to finance which are described in risk acceptance. Hence, the emergence of identified investor behavior will later make opportunities for momentum and investment strategies that improve the performance and success of their investments as well as the quality of excellent decision making.
SMM dan Brand Image pada Pembelian Kopi Kenangan: Mediasi Emotional Attachment Anto, Jimmy; Siratan, Elkunny Dovir
Business Management Journal Vol 22, No 1 (2026): Business Management Journal
Publisher : Universitas Bunda Mulia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30813/bmj.v22i1.9668

Abstract

The rapid growth of Indonesia’s coffee industry in major urban areas has shifted coffee consumption from a purely functional activity toward an experiential practice shaped by brand identity and social media communication. This study aims to elucidate the psychological mechanisms linking social media marketing (SMM) and brand image (BI) to purchasing decisions (PD) for Kopi Kenangan on Instagram by positioning emotional attachment (EA) as a mediating variable. Employing a quantitative approach, data were collected through an online survey of Kopi Kenangan consumers who actively use Instagram and have been exposed to the brand’s digital content. The data were measured using a Likert scale and analyzed using SEM-PLS to examine the structural relationships among the constructs. The findings reveal that SMM → EA is not significant, SMM → PD is not significant, BI → EA is significant, EA → PD is significant, and BI → EA → PD is significant. Conceptually, the findings highlight that digital marketing exposure does not automatically translate into purchasing behavior without the support of a strong brand image and meaningful emotional attachment. Managerial implications emphasize the importance of maintaining product quality consistency, managing digital reputation, and developing storytelling and experience-based content to strengthen emotional bonding. The study is limited by its focus on a single brand and platform, as well as the use of cross-sectional survey data. Future research is encouraged to extend the analysis to multiple platforms, incorporate additional psychological constructs, and adopt longitudinal or mixed-method approaches to better capture emotional dynamics and the impact of viral campaigns. This study contributes to consumer behavior literature by clarifying conditions under which engagement remains at the awareness level and offering practical insights into converting digital interaction into loyalty and repeat purchasing behavior.
INTERNAL CONTROL SYSTEM IMPLEMENTATION AND EMPLOYEE PERFORMANCE IN THE INDONESIAN BANKING SECTOR Elkunny Dovir Siratan; Theresia Olivia; Nicky Hermawan; Rini Kus Tresno Ningsih
Journal of Business And Entrepreneurship Vol. 14 No. 1 (2026): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2026 Edition)
Publisher : Sampoerna University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46273/jobe.v14i1.601

Abstract

The goal of this study is to look at how the Internal Control System (ICS) affects employee performance in Indonesian banks. It will focus on the five ICS components that make up the COSO framework. The results show that good ICS implementation has a beneficial effect on staff performance. The five ICS components that particularly govern the environment, risk assessment, control activities, information and communication, and monitoring activities are very important for making the banking sector perform better, increasing efficiency, and reducing mistakes in operations. These results are in line with agency theory, which holds that ICS helps align the interests of management and employees while reducing the risk of moral hazard that could harm performance. Nonetheless, although favorable outcomes were noted, issues related to human factors and adaptation to digital systems indicate that the adoption of ICS in Indonesia’s banking industry warrants additional scrutiny. This study is constrained by its sample, which consists solely of banking personnel in DKI Jakarta, and by its quantitative methodology, which relies on survey data. It is suggested that future studies use a larger sample and a qualitative method and examine the effects of ICS in the context of digital banking, which is becoming increasingly important in today’s tech-savvy world.
How Positive Psychology Fosters Employee Adaptability Through Resilience and Job Satisfaction among Banking Employees Elkunny Dovir Siratan; Tju Meriana; Vania Priskila; Sherly Sherly; Novia Sri Parindu Purba
International Journal of Psychology and Health Science Vol. 4 No. 2 (2026): International Journal of Psychology and Health Science (April - June 2026)
Publisher : Greenation Publisher & Yayasan Global Research National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/ijphs.v4i2.2012

Abstract

Digital transformation, regulatory change, and competitive pressure require banking employees to possess a high level of adaptability in order to remain effective in a dynamic work environment. This study aims to examine the effect of positive psychological capital on employee adaptability, with job resilience and job satisfaction serving as mediating variables among employees of international and multinational banks in Indonesia. A quantitative approach was employed using purposive sampling, involving 160 permanent employees working in operational, customer service, and frontline divisions with a minimum tenure of two years. Data were collected through a five point likert scale questionnaire and analyzed using SmartPLS. The findings indicate that all constructs meet the criteria for validity and reliability, and that the proposed model demonstrates adequate explanatory power. Positive psychological capital has a positive and significant effect on employee adaptability, job resilience, and job satisfaction. In addition, job resilience and job satisfaction positively influence employee adaptability and significantly mediate the relationship between positive psychological capital and employee adaptability. This study concludes that employee adaptability in the banking sector is shaped not only by job demands, but also by internal psychological resources that foster resilience and job satisfaction in responding to organizational change.
The Effect of Influencer Credibility, Visual Content, and Viral Marketing on Purchase Decision of Wardah Cosmetics on Instagram Vinni Wahyuni; Elkunny Dovir Siratan
Jurnal Ekonomi Manajemen Sistem Informasi Vol. 7 No. 2 (2025): Jurnal Ekonomi Manajemen Sistem Informasi (November-Desember 2025)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jemsi.v7i2.6755

Abstract

In the face of intense competition in Indonesia's cosmetics industry, Wardah needs to implement effective marketing strategies through social media to enhance consumer purchase decisions. This study aims to examine the influence of influencer credibility, visual content, and viral marketing on cosmetic product purchase decisions on Instagram, both partially and simultaneously. A quantitative research method was employed, gathering data from 220 respondents via a questionnaire. Regression results revealed a coefficient of determination (R²) of 0.157, indicating that the independent variables explained 15.7% of the variance in purchase decisions. Partially, significant influences were found for Influencer Credibility (t = 2.923), Visual Content (t = 5.549), and Viral Marketing (t = 4.286) on purchase decisions. The F-test result showed a calculated F value of 8.193 > the F table value of 2.65, indicating a significant simultaneous effect. Hence, it can be concluded that influencer credibility, visual content, and viral marketing have a significant impact on consumer purchase decisions, both individually and collectively. This suggests that a marketing strategy leveraging these three variables can effectively boost cosmetic product purchases on Instagram.
Financial Knowledge Financial Attitudes and Personality as Key Determinants of Financial Management Behavior Among Young Adults Michelle Phang; Tannia Tannia; Elkunny Dovir Siratan; Ferry Novindra Idroes; Hendri Setiadi
Journal of Accounting and Finance Management Vol. 6 No. 6 (2026): Journal of Accounting and Finance Management (January - February 2026)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i6.2995

Abstract

This study examines determinants of financial management behavior among Indonesian youth aged, a productive cohort that is central to economic resilience yet faces persistent challenges in budgeting, saving regularity, and long-term planning. Building on behavioral finance perspectives, the framework integrates financial knowledge, financial attitude, and personality to address a documented research gap in Indonesian youth contexts where cognitive explanations are often examined without sufficient integration of affective and psychological factors. Using a quantitative survey design with a five-point Likert scale, data were collected from 435 purposively selected respondents meeting criteria related to age, residence, income/allowance, and active financial management experience. Data were analyzed in SPSS (v25) through instrument testing and multiple regression procedures (validity, reliability, t-test, F-test, and model fit indices). The result is intended to inform youth-focused financial education and policy initiatives by emphasizing integrated interventions that strengthen literacy, cultivate constructive attitudes, and support self-regulatory development through practical learning.