Articles
<![CDATA[FINANCIAL RATIOS IMPACT ON SOE CONTAINER COMPANIES FINANCIAL DISTRESS ]]>
<![CDATA[Isfahan, Saif Raafi'in]]>;
<![CDATA[Syahputri, Anggraini]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Azazi, Anwar]]>
<![CDATA[ International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 8, No 4 (2024): IJEBAR, VOL. 08 ISSUE 04, DECEMBER 2024 ]]>
Publisher : <![CDATA[LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta) ]]>
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DOI: 10.29040/ijebar.v8i4.15559
<![CDATA[This study uses asset tangibility as a mediating variable to examine the impact of liquidity, firm size, and profitability ratios on financial distress in Indonesian state-owned Container companies. The study runs from 2019 to 2023. The study applies multiple linear regression analysis on 14 state-owned Container companies listed on the Indonesia Stock Exchange. The Altman Z-score model is used to assess financial distress, with independent variables including the current ratio (liquidity), natural log of total assets (firm size), return on assets (profitability), and net tangible assets (asset tangibility). The study looks into direct impacts, mediating linkages, and interaction effects between variables. The result stated that profitability has directly affected financial distress and asset tangibility hasn’t directly affected financial distress and hasn’t meditated independent variables toward financial distress. Lastly, there are interaction effects of a combination of independent and meditating variables toward the dependent variable. This study recommends that Indonesian state-owned on container sector companies focus on three key areas to prevent financial distress: implementing robust liquidity monitoring systems with early warning mechanisms and clear guidelines for cash management, developing comprehensive asset management policies including regular maintenance and assessment, and establishing specific targets and cost optimization strategies. These measures are essential for maintaining financial stability and preventing distress in these container sector.]]>
<![CDATA[Pengaruh Interactivity, Vividness, dan Spatiality Terhadap Behavioral Intention Pengguna Virtual Try-On Luxcrime di Shopee ]]>
<![CDATA[Hermawati, Yuni]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Setiawan, Harry]]>;
<![CDATA[Afifah, Nur]]>;
<![CDATA[Purmono, Bintoro Bagus]]>
<![CDATA[ Jurnal Bisnis dan Kewirausahaan Vol. 14 No. 1 (2025): Jurnal Bisnis dan Kewirausahaan ]]>
Publisher : <![CDATA[Lembaga Penelitian, Publikasi dan Pengabdian pada Masyarakat (LP3M) Nobel Indonesia ]]>
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DOI: 10.37476/jbk.v14i1.4942
<![CDATA[Penelitian ini bertujuan untuk menguji pengaruh interactivity, vividness, dan spatiality terhadap behavioral intention pengguna fitur virtual try-on untuk produk kosmetik Luxcrime di Shopee, dengan perceived usefulness dan entertainment experience yang berperan sebagai mediasi. Penggunaan teknologi AR memungkinkan konsumen untuk mencoba berbagai gaya dan produk makeup secara virtual, yang secara signifikan meningkatkan pengalaman berbelanja secara keseluruhan. Fitur virtual try-on juga memungkinkan pengguna bereksperimen dengan berbagai tampilan dan gaya makeup tanpa harus meninggalkan lingkungan fisik mereka. Metode penelitian ini menggunakan desain kuantitatif dengan menyebarkan kuesioner kepada 230 responden. Populasi penelitian ini terdiri dari pengguna fitur virtual try-on produk kosmetik Luxcrime di Indonesia, dan teknik pengambilan sampel yang digunakan adalah purposive sampling berdasarkan kriteria yang ditetapkan. Teknik analisis yang diterapkan dalam penelitian ini adalah Structural Equation Modeling (SEM) dengan bantuan perangkat lunak SmartPLS. Hasil penelitian menunjukkan bahwa vividness secara langsung mempengaruhi perceived usefulness, sementara interactivity dan spatiality memengaruhi entertainment experience. Interactivity dan spatiality tidak secara langsung memengaruhi behavioral intention, namun memiliki pengaruh tidak langsung melalui perceived usefulness dan entertainment experience. Kesimpulan dari penelitian ini menunjukkan bahwa meskipun interactivity dan spatiality tidak memiliki pengaruh langsung pada behavioral intention, kedua faktor tersebut tetap berperan penting dalam membentuk pengalaman pengguna melalui perceived usefulness dan entertainment experience, yang pada akhirnya memengaruhi niat konsumen dalam menggunakan fitur virtual try-on ini.]]>
<![CDATA[Dampak CSR dan ESG Terhadap Kinerja Keuangan dan Keberlanjutan Perusahaan Dimediasi oleh Green Finance ]]>
<![CDATA[Fransisca, Linda]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Anwar Azazi]]>;
<![CDATA[Anggraini Syahputri]]>
<![CDATA[ Jurnal Akutansi Manajemen Ekonomi Kewirausahaan (JAMEK) Vol 5 No 1 (2025): Edisi Januari 2025 ]]>
Publisher : <![CDATA[Forum Kerjasama Pendidikan Tinggi ]]>
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DOI: 10.47065/jamek.v5i1.1789
<![CDATA[The manufacturing sector plays a vital role in the global economy but is often linked to environmental and social harm. This has driven companies to adopt sustainable practices through ESG and CSR, funded in part by green finance. This research investigates the connection between ESG and CSR implementation with financial performance and sustainability, alongside the mediating role of green finance. Using panel data from 48 BEI-listed manufacturing firms (2021-2023), resulting in a total of 108 observations after outlier removal. Multiple regression analysis and the Sobel test are used to test the hypotheses. The analysis shows CSR positively affects financial performance but not sustainability, while ESG negatively impacts financial performance but positively influences sustainability. The sobel test reveals green finance mediates CSR’s effect on financial performance but not ESG’s.]]>
<![CDATA[Firm Size, Profitability, and ESG Disclosure in Indonesia: Geographical Location As Moderating Variable ]]>
<![CDATA[Risal Risal]]>;
<![CDATA[Giriati Giriati]]>;
<![CDATA[Wendy Wendy]]>;
<![CDATA[Helma Malini]]>
<![CDATA[ International Journal of Economics Development Research (IJEDR) Vol. 4 No. 5 (2023): International Journal of Economics Development Research (IJEDR) ]]>
Publisher : <![CDATA[Yayasan Riset dan Pengembangan Intelektual ]]>
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DOI: 10.37385/ijedr.v5i2.5002
<![CDATA[Environmental, Social, and Governance (ESG) is a framework used to evaluate company performance on environment, social, and governance aspects. ESG disclosure is a means of communication used by companies to strengthen corporate legitimacy. This study aims to examine the effect of company size and profitability on ESG disclosure as moderated by geographical location, while also adding company age and leverage as control variables. This research employs a quantitative approach with purposive sampling technique. Data analysis uses moderating regression analysis (MRA). The results show that company size has no effect on ESG disclosure, while profitability has a significantly negative effect. Meanwhile, geographical location fails to moderate the effect of company size on ESG disclosure and geographical location significantly and negatively moderates the effect of profitability on ESG disclosure. The research contribution is that the ESG company level in each region indicates that external pressure and existing regulations have not been able to create significant differences between regions and this research also provides information to management, investors and stakeholders that geographical location is a company challenge and together to be able to pay attention to policies and decisions that can be made.]]>
<![CDATA[The Influence of Co-branding, Fear of Missing Out (FoMO), and Brand Personality on Brand Preference and Purchase Intention ]]>
<![CDATA[Belinda Putri Widyaningrum]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Erna Listiana]]>;
<![CDATA[Barkah Barkah]]>;
<![CDATA[Ana Fitriana]]>
<![CDATA[ eCo-Buss Vol. 7 No. 3 (2025): eCo-Buss ]]>
Publisher : <![CDATA[Komunitas Dosen Indonesia ]]>
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DOI: 10.32877/eb.v7i3.1783
<![CDATA[Indonesia unresolved plastic waste problem has led to the emergence of more environmentally friendly products innovations, such as tumbler. One of the currently popular tumblers is Corkcicle, which is known for its quality and often collaborates with well-known brands. This study aims to understand how co-branding, FoMO, and brand personality jointly influence consumer purchase intention towards Corkcicle products. Brand preference is assumed to be a mediating variable, meaning that these three independent factors first influence brand preference, which then has an impact on consumers purchase intention. A quantitative methodology was employed, gathering data through questionnaires distributed to 220 qualified respondents. The analysis utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) with SmartPLS v.4 software to evaluate the hypotheses based on the responses collected. Findings reveal that co-branding, FOMO, and brand personality have a significant effect on both brand preference and purchase intention for Corkcicle products, with co-branding exerting the most substantial influence.]]>
<![CDATA[Peran Financial Self-Efficacy dalam Hubungan antara Pendapatan, Literasi Keuangan, dan Perilaku Keuangan Mahasiswa di Indonesia ]]>
<![CDATA[Deviana Deviana]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Anggraini Syahputri]]>
<![CDATA[ eCo-Buss Vol. 8 No. 1 (2025): eCo-Buss ]]>
Publisher : <![CDATA[Komunitas Dosen Indonesia ]]>
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DOI: 10.32877/eb.v8i1.2604
<![CDATA[Penelitian ini bertujuan untuk menganalisis pengaruh pendapatan dan literasi keuangan pada perilaku keuangan pribadi mahasiswa di Indonesia, dengan financial self-efficacy sebagai variabel mediasi. Latar belakang penelitian ini didasari oleh fenomena meningkatnya penggunaan layanan pinjaman online (pinjol) di kalangan mahasiswa, yang mengindikasikan adanya tantangan dalam pengelolaan keuangan pribadi serta kurangnya pemahaman finansial yang memadai. Dalam era digital dan kemudahan akses terhadap produk keuangan, kemampuan mahasiswa dalam mengelola keuangan secara bijak menjadi semakin krusial. Penelitian ini menggunakan pendekatan kuantitatif dengan pengumpulan data melalui survei online terhadap 206 mahasiswa aktif dari berbagai perguruan tinggi di Indonesia. Data yang diperoleh dianalisis menggunakan metode Partial Least Squares Structural Equation Modeling (PLS-SEM) dengan bantuan perangkat lunak SmartPLS. Hasil penelitian menunjukkan bahwa pendapatan dan literasi keuangan memiliki pengaruh positif dan signifikan terhadap perilaku keuangan pribadi mahasiswa. Selain itu, financial self-efficacy terbukti secara signifikan memediasi hubungan antara kedua variabel independen tersebut dengan perilaku keuangan. Temuan ini menekankan pentingnya rasa percaya diri dalam pengambilan keputusan keuangan sebagai faktor kunci dalam menciptakan perilaku keuangan yang sehat. Implikasi dari penelitian ini mengarah pada perlunya pengembangan program literasi keuangan berbasis psikologis yang tidak hanya menekankan pada pengetahuan, tetapi juga pada aspek afektif, serta pentingnya regulasi dan kebijakan perlindungan konsumen fintech bagi generasi muda.]]>
<![CDATA[Analyzing The Effect of Social Media Influencer on Purchase Intention Through Parasocial Relationships: The Moderation Role of Influencer-Product Congruency ]]>
<![CDATA[Weni Trisnawati]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Wenny Pebrianti]]>;
<![CDATA[Ramadania Ramadania]]>;
<![CDATA[Heriyadi Heriyadi]]>
<![CDATA[ eCo-Fin Vol. 7 No. 1 (2025): eCo-Fin ]]>
Publisher : <![CDATA[Komunitas Dosen Indonesia ]]>
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DOI: 10.32877/ef.v7i1.1795
<![CDATA[ The rapid expansion of social media platforms has led to continuous transformations in marketing approaches and methodologies. Among contemporary promotional techniques, influencer marketing has emerged as a pioneering strategy. This development necessitates brands and marketing professionals to carefully select appropriate social media personalities. The research examines how influencers' intimate self-disclosure and self-influencer congruence affect consumer purchasing intention, with particular attention to the intermediary function of parasocial relationships and the potential moderating effect of influencer-product congruency. The investigation employed quantitative methodologies, gathering data from 213 survey participants. Research propositions were assessed through partial least squares structural equation modelling (PLS-SEM), utilizing SmartPLS v.4.1 analytical tools. Results indicate parasocial relationships are an intermediary mechanism linking influencers' intimate self-disclosure and self-influencer congruence to purchase intention. However, the findings challenge initial expectations by demonstrating that the correlation between influencer-product congruency does not significantly modify the connection between parasocial relationships and purchase intention. These discoveries aim to contribute fresh perspectives to the understanding of social media personalities' effectiveness in influence-based marketing strategies.]]>
<![CDATA[Peran Credit Risk Dalam Hubungan Antara Green Finance dan Profitabilitas Bank di Indonesia ]]>
<![CDATA[Indra Kurniawan]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Anggraini Syahputri]]>
<![CDATA[ eCo-Fin Vol. 7 No. 2 (2025): eCo-Fin ]]>
Publisher : <![CDATA[Komunitas Dosen Indonesia ]]>
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DOI: 10.32877/ef.v7i2.2585
<![CDATA[Dengan credit risk sebagai variabel mediasi, penelitian ini mengkaji dampak green finance terhadap profitabilitas bank di Indonesia. Data ini diperoleh dari laporan tahunan dan keberlanjutan dua puluh bank dari tahun 2018 hingga 2023. Metode regresi data panel Random Effect Model (REM) digunakan. Hasil menunjukkan bahwa green finance belum mempengaruhi profitabilitas atau credit risk secara signifikan, tetapi credit risk terbukti berdampak negatif terhadap profitabilitas, menunjukkan bahwa semakin besar credit risk yang ditanggung bank, semakin buruk kinerjanya. Uji mediasi Sobel juga mengindikasikan bahwa risiko kredit tidak memediasi hubungan antara green finance dan profitabilitas. Temuan ini menggambarkan bahwa manfaat green finance mungkin belum terasa secara langsung dalam kinerja keuangan jangka pendek. Meski demikian, arah kebijakan ini tetap penting karena berpotensi membangun reputasi, kepercayaan publik, dan ketahanan jangka panjang. Oleh karena itu, manajemen risiko kredit dan komitmen terhadap keuangan berkelanjutan perlu dijalankan berdampingan demi masa depan perbankan yang lebih bertanggung jawab dan berkelanjutan.]]>
<![CDATA[Peran Moderasi Profitabilitas dalam Pengaruh CSR dan GCG terhadap Nilai Perusahaan pada Perusahaan Tambang di Indonesia ]]>
<![CDATA[Deni Triamanda]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Uray Ndaru Mustika]]>;
<![CDATA[Anggraini Syahputri]]>
<![CDATA[ eCo-Fin Vol. 7 No. 3 (2025): eCo-Fin ]]>
Publisher : <![CDATA[Komunitas Dosen Indonesia ]]>
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DOI: 10.32877/ef.v7i3.2594
<![CDATA[This study examines the effect of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on firm value, with Return on Assets (ROA) as a moderating variable. The research was conducted on mining sector companies listed on the Indonesia Stock Exchange during the 2019–2023 period, using purposive sampling techniques with a total of 120 observations (firm-year). Data analysis was performed using panel data regression with the Random Effect Model approach and interaction testing through Moderated Regression Analysis (MRA). The results show that CSR and GCG have no significant effect on firm value (proxied by Price to Book Value/PBV). Meanwhile, ROA has a negative and significant effect on firm value. In addition, the interactions of CSR_ROA and GCG_ROA are also not significant, indicating that profitability does not moderate the relationship between CSR and GCG on firm value. These findings indicate that in the mining sector, profitability, CSR, and GCG are not yet strong indicators influencing investor perception. Profitability without a clear earnings utilization strategy can reduce market confidence, and CSR or GCG implementation that is merely formal does not enhance firm value.]]>
<![CDATA[Peran Literasi Keuangan, Digital Financial Behavior, Dan Hedonic Lifestyle Terhadap Financial Well-Being Gen-Z: Moderasi Peer Influence (Studi Kasus Pada Generasi Z di Kalimantan Barat) ]]>
<![CDATA[Astrid Oviska]]>;
<![CDATA[Juniwati Juniwati]]>;
<![CDATA[Helma Malini]]>;
<![CDATA[Mustaruddin Mustaruddin]]>;
<![CDATA[Uray Ndaru Mustika]]>
<![CDATA[ RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 2 (2026): Mei-Juli ]]>
Publisher : <![CDATA[Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai ]]>
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DOI: 10.31004/riggs.v5i2.9099
<![CDATA[Penelitian ini bertujuan untuk menganalisis peran Literasi Keuangan, Digital Financial Behavior, dan Hedonic Lifestyle terhadap Financial Well-Being Generasi Z di Kalimantan Barat dengan Peer Influence sebagai variabel moderasi. Penelitian ini dilatarbelakangi oleh meningkatnya penggunaan teknologi digital dan perubahan pola konsumsi pada Generasi Z yang memengaruhi perilaku keuangan serta tingkat kesejahteraan finansial mereka. Generasi Z sebagai generasi yang tumbuh di era digital memiliki karakteristik yang dekat dengan teknologi finansial, transaksi digital, serta gaya hidup modern yang cenderung konsumtif. Oleh karena itu, penting untuk memahami faktor-faktor yang memengaruhi Financial Well-Being agar dapat menjadi dasar dalam meningkatkan kualitas pengelolaan keuangan generasi muda. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan jumlah sampel sebanyak 250 responden yang dipilih menggunakan teknik purposive sampling. Data penelitian dikumpulkan melalui penyebaran kuesioner online kepada Generasi Z di Kalimantan Barat dan dianalisis menggunakan metode Partial Least Square-Structural Equation Modeling (PLS-SEM) dengan bantuan software SmartPLS 4. Hasil penelitian menunjukkan bahwa Literasi Keuangan dan Digital Financial Behavior berpengaruh positif dan signifikan terhadap Financial Well-Being. Sementara itu, Hedonic Lifestyle tidak berpengaruh signifikan terhadap Financial Well-Being. Selain itu, Peer Influence tidak mampu memoderasi hubungan Literasi Keuangan dan Digital Financial Behavior terhadap Financial Well-Being, namun mampu memperkuat hubungan Hedonic Lifestyle terhadap Financial Well-Being. Penelitian ini memberikan implikasi bahwa peningkatan kesejahteraan finansial Generasi Z lebih dipengaruhi oleh faktor internal, seperti pengetahuan dan perilaku keuangan yang baik, sedangkan pengaruh sosial lebih berperan dalam memperkuat gaya hidup konsumtif.]]>
