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THE INFLUENCE OF FINANCIAL BEHAVIOR, FINANCIAL LITERACY, AND FINANCIAL MANAGEMENT BEHAVIOR ON THE FINANCIAL WELL-BEING OF MSME ACTORS IN LHOKSEUMAWE, THE ROLE OF FINANCIAL STRESS Nur Balkis; Ghazali Syamni; Husaini; Darmawati Muchtar; Iswadi; Marbawi
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 6 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i4.4232

Abstract

This study examines the influence of financial behavior, financial literacy, and financial management behavior on the financial well-being of micro, small, and medium enterprises (MSMEs) in Lhokseumawe, Indonesia, with a particular focus on the mediating role of financial stress. This study is a quantitative study using a purposive sampling technique with a sample of 145 respondents (MSME owners) in Lhokseumawe. The data source comes from primary data obtained through questionnaires. The data analysis technique used is PLS-SEM with SmartPLS software. The results show that financial behavior and financial management behavior have a significant positive influence on financial well-being, while financial stress has a negative impact on financial well-being. Financial stress mediates the relationship between financial behavior and financial well-being, as well as between financial management behavior and financial well-being. These findings underscore the importance of promoting good financial practices and stress management among MSMEs to improve their financial well-being and contribute to local economic development.
Pengaruh Tingkat Literasi Keuangan, Efikasi Keuangan Dan Faktor Demografi Terhadap Minat Berinvestasi Pada Mahasiswa Program Studi Manajemen Universitas Malikussaleh Muti Miftahul Jannah; Muttaqien Muttaqien; Ghazali Syamni; Zulfan Zulfan
Jurnal Intelek Dan Cendikiawan Nusantara Vol. 2 No. 3 (2025): JUNI-JULI 2025
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Penelitian ini bertujuan untuk menguji pengaruh tingkat literasi keuangan, efikasi keuangan dan faktor demografi terhadap minat berinvestasi pada mahasiswa Program Studi Manajemen Universitas Malikussaleh. Jenis penelitian ini adalah penelitian kuantitatif menggunakan data primer yang diperoleh dari penyebaran kuesioner secara online melalui aplikasi WhatsApp. Populasi dalam penelitian ini adalah seluruh mahasiswa aktif Program Studi Manajemen Universitas Malikussaleh angkatan 2021-2024 yang berjumlah 1.159 mahasiswa. Metode penentuan sampel yang digunakan melalui teknik simple random sampling dengan perhitungan rumus slovin, sampel dalam penelitian ini sebanyak 92 responden. Estimasi model penelitian ini menggunakan teknik analisis dan pengujian dengan model Structural Equation Model-Partial Least Square (SEM-PLS) dan diolah menggunakan perangkat lunak Smart-PLS 4. Hasil penelitian menunjukkan adanya tingkat signifikansi efikasi keuangan dan faktor demografi, hal ini mengindikasikan bahwa terdapat pengaruh positif dan signifikan pada minat berinvestasi. Namun, berbeda pula dengan literasi keuangan yang tidak menunjukkan tingkat signifikansi. Hal ini mengindikasikan adanya pengaruh negatif dan tidak signifikan pada minat berinvestasi.
DETERMINANTS OF GREEN FDI: A CASE STUDY OF TOP FOREIGN COUNTRY INVESTORS IN INDONESIA Riga Sanjaya; Ghazali Syamni; Husaini; Darmawati Muchtar; Jummaini; Aiyub
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 4 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i4.4249

Abstract

This study investigates the determinants of Green Foreign Direct Investment (Green FDI) in Indonesia by examining the effects of energy subsidies and the globalization index on Green FDI inflows. Panel data from six major investor countries during the 2020–2024 period were employed to test the research hypotheses. The results indicate that both energy subsidies and the globalization index have a positive and significant effect on Green FDI in Indonesia. These findings suggest that government policies supporting renewable energy and facilitating global economic integration play a key role in attracting environmentally sustainable investment. The study provides policy implications for decision-makers aiming to promote renewable energy development and advance Indonesia’s transition toward a low-carbon economy.
ANALYSIS OF GREEN BANKING PRACTICES USING THE ENVIRONMENTAL RISK INDEX AND ITS IMPACT ON THE FINANCIAL PERFORMANCE OF BANKS LISTED ON THE INDONESIAN STOCK EXCHANGE Amalia Fitri; Chairil Akhyar; Marzuki; Ghazali Syamni
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i3.301

Abstract

This study analyzes the effect of green banking practices on the financial performance of banks in Indonesia using the Environmental Risk Index (ERI) as a proxy. Panel data from seven banks listed on the Indonesian Stock Exchange for the period 2018-2024 were analyzed using the Entropy Weight Method and panel data regression. The results of the study reveal specific findings: ERI does not have a significant effect on ROA and NIM, but it has a negative and significant effect on ROE. These findings strongly indicate that the implementation of green banking in Indonesia is still in a transitional phase. The short-term costs arising from sustainability initiatives have been statistically proven to burden the rate of return on equity (shareholder's return), although their impact on asset-based profitability (ROA) and interest margin (NIM) has not yet been observed. This study provides important implications for banks and regulators that sustainability strategies need to be optimized to align with value creation for shareholders.
THE EFFECT OF PROFITABILITY, LEVERAGE, AND COMPANY SIZE ON TAX AVOIDANCE IN MANUFACTURING COMPANIES LISTED ON THE IDX Intan Ulia; Jummaini; Ghazali Syamni; Wardhiah
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i3.282

Abstract

This research is to look at the influence of profitability, leverage and company size on tax avoidance in manufacturing companies listed on the Indonesia Stock Exchange. 2017-2021 period. Research data can be accessed on the official website www.idx.co.id. The sampling method used purposive sampling and obtained 34 companies. The data analysis technique in this research uses the Panel Data Regression method with the Eviews 10 software tool. This type of research is quantitative research. The data used in this research is secondary data. The data collection technique used in this research using the documentation method was carried out using annual financial report data from manufacturing companies listed on the Indonesian stock exchange. The research results found that the profitability and leverage variables had no effect on tax avoidance, and the company size variable had a positive and significant effect on tax avoidance in manufacturing companies listed on the Indonesia Stock Exchange.
Financial Investment Behavior of Individual Investor in Indonesia After the Revocation of the Covid-19 Policy Ghazali Syamni; Murhadi, Thasrif; Marzuki, Marzuki; Zainuddin, Zamzami; Yulis Terfiadi, Sari
MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Vol. 17 No. 2 (2023)
Publisher : Faculty of Economics and Business Udayana University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/MATRIK:JMBK.2023.v17.i02.p06

Abstract

This study investigates the impact of psychological, social, and demographic aspects on Indonesian individual stock investors' decisions. With the help of Indonesian Stock Exchange Representative Offices in all provinces where there are representatives, this research is based on survey data and involves sending questionnaire links via WhatsApp, telegrams, and emails to participants. Following President Joko Widodo's announcement that social restrictions imposed during the previous pandemic had been lifted, the spread began after an initial one-week period in the first week of 2023. Thus, 108 questionnaire responses were collected for the survey. The findings demonstrated that individual stock investors' behavior was unaffected by gender, age, or marital status. Work, education, and experience have a positive and considerable influence on individual investors' investment behavior; however, the removal of social restraints has a negative impact on this behavior. According to the study's findings, education degree is the main variable that significantly affects stock investors' behavior.
Pengaruh Kebijakan Dividen, Earning Volatility dan Suku Bunga terhadap Volatilitas Harga Saham pada Perusahaan IDX80 di Indonesia Muhammad Hafidz Akbar; Ristati Ristati; Ghazali Syamni; Marzuki Marzuki
Jurnal Intelek Insan Cendikia Vol. 3 No. 04 (2026): April 2026
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Penelitian ini bertujuan untuk menguji pengaruh dari kebijakan dividen, earning volatility, dan suku bunga terhadap volatilitas harga saham pada IDX80 yang terdaftar di Bursa Efek Indonesia periode 2020 - 2024. Penelitian ini menggunakan metode penelitian kuantitatif dengan sampel sebanyak 38 perusahaan yang dipilih menggunakan purposive sampling dari total populasi 80 perusahaan. Data yang diperoleh melalui laporan keuangan dan dianalisis menggunakan regresi data panel dengan menggunakan Eviews 12. Hasil dari penelitian menunjukkan bahwa kebijakan dividen dan earning volatility tidak bepengaruh signifikan terhadap volatilitas harga saham, dan suku bunga berpengaruh signifikan dengan arah negatif terhadap volatilitas harga saham. Studi ini diharapkan dapat menjadi acuan bagi manajemen perusahaan terutama pada perusahaan yang terindex di idx80 dalam memperhatikan indikator tersebut sebagai acuan dalam melihat kondisi volatilitas harga saham terhadap perusahaan.
THE EFFECT OF PROFITABILITY, ASSET GROWTH AND SALES GROWTH ON CAPITAL STRUCTURE IN MANUFACTURING COMPANIES IN THE SUB-SECTOR COSMETICS AND HOUSEHOLD LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) FOR THE PERIOD 2019-2023 Arsya Ardana; Jummaini; Rico Nur Ilham; Ghazali Syamni
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 6 No. 2 (2026): April
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.19982063

Abstract

This study aims to examine the effect of profitability, asset growth, and sales growth on capital structure in Cosmetics and Household sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The capital structure in this study is proxied by the Debt to Asset Ratio (DAR), profitability is proxied by Return on Assets (ROA), asset growth is proxied by asset growth (AG) and sales growth is proxied by sales growth (SG). The data collection technique uses secondary data in the form of financial reports accessed from the official website www.idx.co.id and also from the website of each company. The sample used in this study is a cosmetics and household company listed on the Indonesia Stock Exchange for the 2019-2023 period. The sample selection used a purposive sampling technique with a population of 7 companies and a sample of 6 companies according to the established criteria. Then the data that has been collected is then processed using eviews, the data analysis method used in this study is panel data regression analysis. The results of the study indicate that profitability has a negative and significant effect on capital structure, asset growth has a negative and significant effect on capital structure, while sales growth has a positive but insignificant effect on capital structure in cosmetics and household companies listed on the Indonesia Stock Exchange for the period 2019-2023. Further research can consider the influence of these variables and expand the scope of research to other industrial sectors. The results of this study not only provide new insights into the financial management situation in companies, but can also be a basis for further refining and developing existing theories.