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All Journal MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN e-CliniC Jurnal Bisnis dan Manajemen Jurnal Keuangan dan Perbankan Assets : Jurnal Ekonomi, Manajemen dan Akuntansi Jurnal Manajemen Atma Jaya Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal Journal of Consumer Science PROSIDING SEMINAR NASIONAL CENDEKIAWAN Jurnal Manajemen & Keuangan Widya Cipta : Jurnal Sekretari dan Manajemen Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen dan Akuntansi Jurnal Riset Akuntansi dan Keuangan Jurnal Inovasi Bisnis (Inovbiz) Jurnal Organisasi Dan Manajemen Distribusi SEIKO : Journal of Management & Business Owner : Riset dan Jurnal Akuntansi At-Tadbir : jurnal ilmiah manajemen Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Jurdimas (Jurnal Pengabdian Kepada Masyarakat) Royal YUME : Journal of Management Almana : Jurnal Manajemen dan Bisnis International Journal of Applied Business Research Referensi : Jurnal Ilmu Manajemen dan Akuntansi EKUITAS (Jurnal Ekonomi dan Keuangan) Ekonomi dan Bisnis JURNAL ILMIAH BISNIS, PASAR MODAL DAN UMKM MABIS: Manajemen dan Bisnis Jemasi Jurnal Ekonomi Manajemen dan Akuntansi Jurnal Administrasi dan Manajemen Business Innovation and Entrepreneurship Journal Jurnal Ilmiah Poli Bisnis JURNAL MANAJEMEN MANAJEMEN DEWANTARA Ecobisma (Jurnal Ekonomi, Bisnis dan Manajemen) International Journal of Economics, Business and Accounting Research (IJEBAR) Performance : Jurnal Bisnis dan Akuntansi Dialektika: Jurnal Ekonomi dan Ilmu Sosial Business Management Journal Program Studi Manajemen Journal of Global Business and Management Review Prosiding National Conference for Community Service Project JURNAL AKUNTANSI KEUANGAN DAN MANAJEMEN Management Studies and Entrepreneurship Journal (MSEJ) Jurnal Inovasi Ekonomi BERNAS: Jurnal Pengabdian Kepada Masyarakat Jurnal Pengabdian kepada Masyarakat Nusantara Economics and Digital Business Review Annals of Management and Organization Research Journal of Judicial Review Jurnal Ekonomi Efektif Studi Ilmu Manajemen dan Organisasi Jurnal Akuntansi dan Keuangan (JAK) Asian Management and Business Review Implementasi Manajemen & Kewirausahaan Jurnal Ilmu Manajemen Advantage Jurnal Manajemen JWM (JURNAL WAWASAN MANAJEMEN) SWARNA Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Journal of Business Studies and Management Review Jurnal Manajemen USNI Jurnal For Management Student (JFMS) Jurnal Indonesia Sosial Teknologi PERMANA : Jurnal Perpajakan, Manajemen, dan Akuntansi Eastasouth Journal of Effective Community Services Jurnal Nusantara Berbakti MDP Student Conference Jurnal Keuangan dan Bisnis Conference on Management, Business, Innovation, Education and Social Sciences (CoMBInES) Conference on Community Engagement Project (Concept) Sinolingua GEMBIRA (Pengabdian Kepada Masyarakat) Mengabdi: Jurnal Hasil Kegiatan Bersama Masyarakat SWARNA: Jurnal Pengabdian Kepada Masyarakat Karya Nyata: Jurnal Pengabdian Kepada Masyarakat Pemberdayaan Masyarakat: Jurnal Aksi Sosial Alamtana Journal of Business and Information System Jurnal Ilmiah Manajemen Dan Kewirausahaan Jurnal Ilmu Manajemen Matrik: Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan
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Heuristic Bias and Loss Aversion Impact in Stock Investment Decision Making in Batam Fendy Cuandra; Michael Setiawan; Candy Candy; Hesniati, Hesniati
MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Vol. 19 No. 1 (2025)
Publisher : Faculty of Economics and Business Udayana University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/MATRIK:JMBK.2025.v19.i01.p08

Abstract

Technological advancements affect an individual's financial management by increasing spending and necessitating investments to meet these needs. This research intends to analyze the effect of heuristic bias and loss aversion on investment decision. This study uses the investment decision variable to be the dependent variable and uses overconfidence, availability, representativeness, anchoring, gambler fallacy, and loss aversion to be the independent variables. This study uses the SmartPLS application to analyze data and uses an online questionnaire to collect respondents' answers. Sampling was conducted using purposive sampling technique to collect samples from investors in Batam. The study shows that gambler fallacy, loss aversion, overconfidence and representativeness bias have a significant positive impact on investment decisions, while anchoring and availability bias have no significant impact on investment decisions.
CEO Narcissism and Firm Performance: The Strategic Role of ESG Performance Candy, Candy; Wong, Elaine; Krisyadi, Robby
Annals of Management and Organization Research Vol. 7 No. 3 (2026): February
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v7i3.3661

Abstract

Purpose: This study investigates how CEO narcissism influences firm performance and examines whether Environmental, Social, and Governance (ESG) performance mediates this relationship. Research Methodology: A quantitative approach was used to analyze data from 75 purposively selected firms listed on the Indonesian Stock Exchange (IDX) for the period 2019-2023. Regression methods were applied to test direct and indirect relationships with financial performance indicators such as ROA and ROE. ESG performance is used as a mediating variable. Results: The study finds that CEO narcissism negatively affects ROA but positively influences ROE. ESG performance significantly impacts both ROA and ROE. The mediation analysis shows that ESG performance partially mediates the relationship between CEO narcissism and ROA but does not significantly mediate the relationship with ROE. Conclusions: CEO narcissism affects firm performance directly and indirectly through ESG performance, emphasizing ESG as a strategic pathway for executive characteristics to shape financial outcomes. Limitations: CEO narcissism was measured using photographs, which may introduce bias. This study is limited to Indonesian firms, which reduces generalizability. Contributions: This study contributes to corporate governance, leadership studies, and sustainability management by highlighting the influence of CEO traits on ESG-driven performance. This study extends the Upper Echelons Theory by incorporating ESG dimensions into the CEO-firm performance relationship.
Macroeconomic Factors on Stock Return at IDX Value 30 Candy Candy; Jacelyin Jacelyin
Jurnal Indonesia Sosial Teknologi Vol. 5 No. 4 (2024): Jurnal Indonesia Sosial Teknologi
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jist.v5i4.1007

Abstract

This study examined factors including oil prices, foreign exchange rates, consumer price index, gross domestic product, and foreign direct investment on stock return. This study used secondary data as a basis for research by obtaining information for 30 companies registered at IDX Value 30. This research uses panel regression to show the effect of each independent variable on stock return. According to the result, IDX Value 30 stock return is significantly positively impacted by gross domestic product, consumer price index, and foreign direct investment. Meanwhile, foreign exchange rates and oil prices negatively affect the stock return.
THE MODERATING ROLE OF FINANCIAL LITERACY ON THE IMPACT OF BEHAVIORAL BIASES TOWARD INVESTMENT DECISIONS AMONG GENERATION Z IN INDONESIA Wilson, Wilson; Suprapto, Yandi; Candy, Candy
Jurnal Keuangan dan Bisnis Vol. 24 No. 1 (2026): Jurnal Keuangan Dan Bisnis Volume 24, Number 1, Maret 2026
Publisher : Catholic University Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32524/jkb.v24i1.1927

Abstract

Purpose : This study examines the influence of behavioral biases including anchoring bias herding bias loss aversion bias and mental accounting bias on investment decisions and evaluates the moderating role of financial literacy among Generation Z investors in Indonesia Design Methodology Approach : A quantitative survey approach was applied using data collected from Generation Z investors with prior investment experience Data analysis was conducted using Partial Least Squares Structural Equation Modeling with SmartPLS to assess direct and moderating effects Findings : Loss aversion and mental accounting biases show a significant positive effect on investment decisions while anchoring and herding biases show positive but not significant effects Financial literacy significantly moderates the relationship between anchoring bias and herding bias with investment decisions while no moderating effect is observed in the relationships involving loss aversion and mental accounting Practical Implications : Financial literacy demonstrates a selective role in mitigating behavioral biases particularly those related to heuristic driven decision making Therefore targeted financial education programs are required to improve rational investment behavior among Generation Z investors Originality Value : Evidence is provided that the effectiveness of financial literacy as a moderating mechanism depends on the type of behavioral bias thereby offering a more nuanced understanding of behavioral finance in emerging market investor settings
Optimalisasi Pengelolaan Persedian Barang untuk Efisiensi Biaya UMKM Kie's Lapis Candy, Candy; Priscillia, Viviona
Eastasouth Journal of Effective Community Services Vol 4 No 03 (2026): Eastasouth Journal of Effective Community Services (EJECS)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/ejecs.v4i03.473

Abstract

Kie’s Lapis merupakan UMKM kuliner yang memproduksi kue lapis khas Batam dengan berbagai varian rasa dan inovasi kue lapis biskuit. Keragaman produk ini menuntut pengelolaan persediaan bahan baku yang rapi dan akurat, sementara sebelumnya stok dikelola secara manual sehingga sering terjadi selisih antara catatan dan kondisi nyata, penumpukan bahan tertentu, serta keterlambatan pengambilan keputusan pembelian. Kegiatan pengabdian ini bertujuan meningkatkan efisiensi dan ketepatan pengelolaan stok melalui penerapan sistem manajemen persediaan digital menggunakan Insoft. Metode pelaksanaan meliputi observasi, wawancara, dan dokumentasi, dilanjutkan dengan perancangan skema manajemen stok, instalasi dan konfigurasi sistem, pelatihan kepada pemilik dan karyawan, serta implementasi dan evaluasi bertahap. Hasil kegiatan menunjukkan peningkatan akurasi pencatatan, pemantauan stok secara real time, penyusunan laporan yang lebih cepat, serta perencanaan produksi yang lebih terukur. Pemilik dan staf mampu mengoperasikan sistem secara mandiri, sehingga pengelolaan inventaris menjadi lebih efisien dan profesional.
Trust, Security, Comfort, and Social Presence Sebagai Prediktor Basic dan Advanced Virtual Agent Usage Intention Candy, Candy; Budiman, Johny; Malino, Ahmad Esa Galang; Darwin, Darwin; Wijaya, Frendy; Wijaya, Hendra; Stewendy, Stewendy
MDP Student Conference Vol 5 No 2 (2026): The 5th MDP Student Conference 2026
Publisher : Universitas Multi Data Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35957/mdp-sc.v5i2.15264

Abstract

Artificial intelligence (AI) has significantly improved efficiency in financial technology (fintech) services in Indonesia and globally. This study aims to analyze the perceptions of university students in Indonesia regarding the use of financial technology in an era of rapid AI development. In addition, the study examines students’ perspectives on fintech usage in relation to the security of users’ assets. The research employs a questionnaire-based method conducted across Indonesian universities, involving 217 university student respondents. The results indicate that psychological factors influence the intention to use virtual agents differently across basic and advanced digital financial services. Perceived security has a stronger effect on the adoption of virtual agents for routine transactions, whereas perceived convenience plays a key role in encouraging their use for more complex financial services. These findings highlight the importance of tailoring the design of AI-based virtual agents to the level of complexity of the financial services offered.
Digital Financial Literacy dan Bias Status Quo, dan Penggunaan Fintech pada Generasi Z Candy, Candy; Hesniati, Hesniati; Sabila, Chen Chen Aprilia; Apriliah, Lila; Sherlyn, Sherlyn
MDP Student Conference Vol 5 No 1 (2026): The 5th MDP Student Conference 2026
Publisher : Universitas Multi Data Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35957/mdp-sc.v5i1.15333

Abstract

Fokus dalam penelitian ini yaitu menganalisis bagaimana pengaruh digital financial literacy dan value of status quo terhadap use behavior dimediasi oleh behavioral intention in fintech pada Generasi Z. Hal ini dikarenakan kesenjangan literasi keuangan digital yang tidak sejalan dengan pertumbuhan akses inklusi keuangan. Data penelitian diperoleh melalui penyebaran kuesioner terhadap 262 responden Generasi Z. Teori yang digunakan pada penelitian yaitu Theory Planned Behavior. Model penelitian di analisis menggunakan Partial Least Squares Structural Equation Modeling (PLS-SEM) dengan perangkat lunak SmartPLS 4.0. Penelitian ini menunjukkan bahwa digital financial literacy berpengaruh signifikan positif terhadap behavior intention in fintech dan use behavior, lalu value of status quo berpengaruh signifikan positif terhadap behavior intention in fintech dan use behavior. Selain itu, behavior intention in fintech sebagai variabel yang memediasi antara kedua variabel independen dengan variabel use behavior memiliki pengaruh positif yang signifikan.
Money Management, Financial Security, dan Financial Behavior: Peran Mediasi Financial Stress Candy, Candy; Budiman, Johny; Feby, Kristine Gladis; Putri, Deandra Emilya; Nabilah, Cheisya; Putri, Fathir Suria Marika; Rahmatika, Tasha
MDP Student Conference Vol 5 No 1 (2026): The 5th MDP Student Conference 2026
Publisher : Universitas Multi Data Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35957/mdp-sc.v5i1.15334

Abstract

This study aims to analyze the effect of current money management stress and expected future financial security on financial behavior, with financial stress as a mediating variable among individuals of productive age in Indonesia. This study adopts a quantitative approach using a survey method through the distribution of online questionnaires to respondents aged 17–64 years. The sampling technique applied is non-probability sampling using the convenience sampling method. Data were analyzed using structural equation modeling based on partial least squares with the assistance of SmartPLS software. The findings indicate that current money management stress has a significant effect on financial stress and financial behavior, while expected future financial security significantly affects financial behavior. However, financial stress is not found to mediate the relationship between independent variables and financial behavior.
Digital Financial Literacy, Behavioral Intention, and Financial Inclusion Budiman, Johny; Candy, Candy; Andita, Amelia; Ati, Errina; Putri, Dhamma Vicaya; Larventy, Larventy; Tu, Michelle Nataline
MDP Student Conference Vol 5 No 1 (2026): The 5th MDP Student Conference 2026
Publisher : Universitas Multi Data Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35957/mdp-sc.v5i1.15537

Abstract

This study examines the effects of Digital Financial Literacy (DFL) and Mobile Perceived Financial Cost (MPFC) on Digital Financial Inclusion (DFI), with Behavioral Intention (BI) and Use behavior (UB) as mediating variables. Using a quantitative approach, data were collected from 203 mobile fintech users in Batam City and analyzed with PLS-SEM. The results show that DFL has a positive and significant effect on BI, which subsequently influences UB and enhances DFI. BI and UB act as mediating variables, while MPFC has no significant effect on fintech usage. These findings emphasize the importance of digital financial literacy in promoting digital financial inclusion.
Fintech Adoption Behavior Among University Students Budiman, Johny; Candy, Candy; Febrianti, Della; Rahmadani, Herisna; Syahputri, Dinda Rafika; Liu, Anastassia Joan
MDP Student Conference Vol 5 No 1 (2026): The 5th MDP Student Conference 2026
Publisher : Universitas Multi Data Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35957/mdp-sc.v5i1.15541

Abstract

This study aims to analyze the effects of perceived usefulness, government support, and digital financial literacy on behavioral intention and use behavior in the use of Financial Technology (FinTech) services among university students. Data were collected through a questionnaire from 214 student respondents and analyzed using the PLS-SEM method. The results indicate that perceived usefulness and digital financial literacy have a positive and significant effect on behavioral intention and use behavior, while government support has no significant effect, either directly or indirectly. Furthermore, behavioral intention is proven to mediate the effects of perceived usefulness and digital financial literacy on use behavior, but it does not mediate the effect of government support. These findings suggest that perceived usefulness and digital financial literacy are the main factors driving students’ use of FinTech services.
Co-Authors Ade Agustika Br Surbakti agustin, isnaini nuzula Albert Lee Alex Alex Alex Alex Aliandrina, Dessy Alice Alice Alice Alice Alzi Andita, Amelia Andre Steven Hutagaol Andrew Andrew Andryanto Andryanto Angelica Vivian Chrysti Angelina Goh Angelina Valensia Angeline Aurellia Anton Winardy Aprilia Astuti Apriliah, Lila Apriyadi, Riki Ati, Errina Brahmantya Chriswardhana Cahyani, Isty Rosy Calvina Hartanto Calystania, Verren Chandra Wijaya Charles Ng Cheristina, Cheristina Cindy Fransiska Cuandra, Fendy Darwin Darwin Dastin Dastin Dastin Dastin, Dastin Delfina Delfina Delfina, Delfina Dewi Khornida Marheni Dhifira Annisa Widyasari Eddy Oktarianto Egabetha Amirah Yudhaputri Elfan Wahyu Mulyana Eliya, Sartika Erick Erick Ernestine, Ernestine Estina Sativa Evelyn Loo Febrianti, Della Feby, Kristine Gladis Feronika Romadoni, Salsabilah Fiona Siah Freddy Freddy Hansen Can Harsali F. Lampus Hendra Wijaya Hendru Hendru Hendru, Hendru Hery Haryanto Hesniati, Hesniati Indra Novita Isnaini Nuzula Agustin Isnaini Nuzula Agustin Isty Rosy Cahyani Isty Rosy Cahyani Ivan Jones Ivander Lukito Jacelyin Jacelyin Jenny Jenny Jeslin Jeslin Jessica Novia Jessica Novia Jessica Valeria Jesslyn Jesslyn, Jesslyn Jimmy Tjong Joey Joey Jofia, Nurul Johny Budiman Johny Budiman Jolin, Jolin Joycelin Joycelin Joycelin, Joycelin Julia Rahayu Putri Julia Renaldi, Angelina Junestin Junestin Junita Junita Junita Junita Junita Junita Justyanita Justyanita Kellen Vincent Kelvin Kelvin Kelvin Kelvin Kelvin Kwek Kenrick Keyi Sylvia Tania Kristiani Kristiani Kristina Kristina Krisyadi, Robby Lady Lady Lady, Lady Larventy, Larventy Lay, Sevvie Prissy Lena Sepriani Lena Sepriani Liana, Jumi Licca, Vellia Lie, Kelvin Liu, Anastassia Joan Liu, Michelle Selvia Lu Sudirman Malino, Ahmad Esa Galang Marcelino Marcelino Marheni, Dewi Khornida Mayviana, Vivin Merlin Leona Michael Setiawan Michael Setiawan Michelle Angel Lim Michelle Selvia Liu Miftachul Choiri Nabilah, Cheisya Nainggolan, Ferdinand Novi Angelina Noviany, Ivana Metta Nurika Rama Nasya Oscar, Franky Priscillia, Viviona Priscillia, Viviona Putri, Deandra Emilya Putri, Dhamma Vicaya Putri, Fathir Suria Marika Putri, Shieny Tan Quinn, Fionna Rahmadani, Herisna Rahmatika, Tasha Renato, Rio Rio Renato Rizal Verandi Robin Robin Robin Robin Rudyanto Rudyanto Sabila, Chen Chen Aprilia Salim, Silvia Sandy Putra Saputra, Sabrandi P. Sari, Mentari Indah Selen Angelina Selina Phang Sephia Septiana Shellyna Shellyna Shelvi Shelvi Shelvi, Shelvi Sherlyn, Sherlyn Sherry Sherry Shiela, Shiela Sisca, Veni Soveinia Soveinia Stefhani Susanto Stephanie Stephanie Stewendy, Stewendy Suprapto, Yandi Syahputri, Dinda Rafika Tan, Ie Ling Teddy Ong Tony Chandra Tu, Michelle Nataline Verawati Vincent Vincent Vincent, Vincent Vira Vira Vira, Vira Vivian Vivian Vivin Mayviana Welen Welen Wendy Wijaya, Calvin Wijaya, Frendy Wilson Wilson Winny Lim Winny Stevania Wisnu Yuwono Wong, Elaine Wynne Lie Yandi Suprapto Yandi Suprapto Yeria, Winny Yodiputra, Jason Yopie, Santi Yulfiswandi, Yulfiswandi