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Bram Hadianto
Universitas Kristen Maranatha
Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Nursing Public Health Social Sciences Other

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Financial Leverage, Firm Size, Company Age, and Earning Persistence: Evidence From Indonesia Sinta Setiana; Bram Hadianto
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 4 No 4 (2023): May 2023
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v4i4.3311

Abstract

Everlasting earnings are needed for the firms to continue their business, and it becomes an expectation for the stakeholders, such as creditors, shareholders, and managers. Therefore, this study intends to prove the determinants of these earnings persistence. At least three factors are available based on the literature review: financial leverage, firm size, and company age. To make the study focus, it treats financial leverage as the primary variable, and the others become the control. By utilizing the quantitative design based on statistical testing, this study attempts to answer this issue. This study uses the firms in the infrastructure, utilities, and telecommunication sectors in the Indonesian capital market as the population and samples, the probability of t-statistic in the regression model to examine the prearranged hypotheses to achieve this destiny. Once analyzing the data from 2016 to 2019 of 25 companies taken by the simple random sampling technique, this research demonstrates that financial leverage and company age negatively influence this persistence; however, company size exhibits a positive impact. Based on the primary relationship evidence, this study suggests that firms reduce debt levels to avoid future failure, technical insolvency, and bankruptcy. Therefore, they can create earnings persistence from their managed business.
Financial Literacy, Attitude, Internal Control Locus, and Money-Associated Behavior of Undergraduate Students Oktavianus Marbun; Bram Hadianto; Ana Mariana
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 4 No 4 (2023): May 2023
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v4i4.3396

Abstract

Financial literacy becomes the guideline for its users to perform financially well. As educated users, undergraduate business students are expected to behave well in managing their money. Furthermore, to test this tendency, this study employs the financial attitude and internal control locus as additional determinants. This research also takes 150 students in the management department of business faculty at Maranatha Christian University as a population. Considering some batches utilized, this study employs stratified random sampling to take the samples. Besides, this study uses a survey method to obtain their response related to demographic and academic features, covariance-based structural equation model, and the related statistic: the probability of critical ratio to analyze the data and examine the first, second, and third hypotheses. After testing them, this investigation concludes that the more financially literate the students are, the more they behave financially. With a better financial attitude and internal control locus, the students can manage their money well.
DEBT POLICY, EFFICIENCY RATIO, PROFITABILITY, AND SYSTEMATIC RISK: EVIDENCE FROM INDONESIA Bram Hadianto; Herlina Herlina; Rosemarie Sutjiati Njotoprajitno
Owner : Riset dan Jurnal Akuntansi Vol. 7 No. 3 (2023): Vol. 7 No. 3 (2023): Research Artikel Volume 7 Issue 3: Periode Juli 2023
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v7i3.1690

Abstract

Systematic risk is relevant for investors in the stock transaction because portfolio creation cannot eliminate it. Thus, the influencing factors need to be recognized since the managers attempt to elevate the company value in the capital market, and this research exists to identify them. By denoting the previous research evidence, at least three determinants are available, i.e., debt policy, efficiency ratio, and profitability. The population comes from the consistent non-financial companies selected from the Kompas 100 index constituents in the Indonesian capital market between 2014 and 2019, where their total is 46. Moreover, the Slovin formula counts the samples with a fault boundary of 10%. Based on this formula, their sum is 32 companies, grabbed by a simple random sampling technique. Then, to analyze the data, this study applies the regression model with pooling data: the combination of time series and cross-sectional features. After testing the data, this investigation finds that the debt policy positively affects this risk; however, efficiency and profitability ratios negatively influence this risk. It implies that despite potential bankruptcy leading to higher systematic risk, the debt can effectively push the managers to use the cash flow for the necessary spending, resulting in revenue and profitability, despite taking on risky projects.
Is the banking stock return affected by exchange, interest, and inflation rates? Dini Iskandar; Martalena Martalena; Casuarina Putri Benedicta Sihombing; Bram Hadianto
Owner : Riset dan Jurnal Akuntansi Vol. 7 No. 3 (2023): Vol. 7 No. 3 (2023): Research Artikel Volume 7 Issue 3: Periode Juli 2023
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v7i3.1775

Abstract

For public investors, the return becomes the appeal for investors to purchase and sell the stocks in the capital market. Fundamentally, in their analysis, they must consider macroeconomic factors, i.e., foreign exchange, interest, and inflation rates. This study investigates and analyzes these factors as the determinant of stock return. The return intended is owned by the Indonesian capital market-listed banks selected as Kompas 100 Index constituents. Eight years are used as time observation, i.e., from 2015 to 2022. Based on this period, 11 banks exist as the samples. Then, this study utilizes the regression model to analyze the data associated with hypothesis testing. After examining the hypotheses, this study concludes a negative relationship between the exchange rate of IDR/USD on banking stock return: The more weakened the IDR/USD, the lower the stock return. Similarly, this negative sign also happens in the relationship between interest rate and stock return. Conversely, inflation positively affects this return. 
Financial Literacy for the Students in Christian Senior High School 1 of BPK Penabur in Cirebon to Prepare Them to be the Intelligent Investors Herlina Herlina; Bram Hadianto; Ika Gunawan; Peter Peter; Martalena Martalena; Dini Iskandar
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 8 No. 4 (2023): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v8i4.4452

Abstract

Financial literacy is helpful for learners to recognize the features of the capital market and their instruments. With this knowledge, they are expected to manage their money wisely, especially in selecting the devices. Furthermore, to realize this condition, this service to the community aims to measure this literacy level and recognize risk profiles. The methods utilized in this service are lecture, discussion, and simulation. The participants in this service are the 40 students in the eleventh grade taking social science in the Christian senior high school 1 of BPK Penabur in Cirebon. Also, the precise answers of the students based on financial literacy items are used to evaluate this service. Surprisingly, the correct answers to these basic and advanced items are from 60.53% to 78.95% and 63.16% to 78.95%, respectively, indicating the middle financial level exists. This level is above the national literacy level in 2019 in Indonesia: 38.03%. Besides, related to the risk profile, most students are conservative (47.5%) and moderate (47.5%). Based on this outcome, the students with a conventional risk profile are expected to invest their money in a time-deposit account, government bonds, and fixed-income and money-market mutual funds. Meanwhile, students with a moderate risk profile should place their funds in blue-chip stocks and mixed mutual funds.
Gender, financial literacy, internal control locus, and economic well-being: The employee viewpoint Bram Hadianto; Ana Mariana
Owner : Riset dan Jurnal Akuntansi Vol. 7 No. 4 (2023): Article Research Volume 7 Nomor 4 Oktober 2023
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v7i4.1855

Abstract

Economic well-being is related to financial freedom and become a vital topic for employees to perform well in the workplace. Hence, this study examines and analyzes the determinants. Based on prior works, they are gender, financial literacy, and internal control locus. The population is 500 employees of PT. Sinar Indogreen Kencana in Sidoarjo. Furthermore, this study utilizes the Slovin formula with a 10% margin of error to search for the sample size. After calculation based on this formula, its size is 222 employees. For taking them, this study used a simple random technique. Considering this number, the researcher utilizes a covariance-based structural equation model, preceded by validity and reliability examinations and goodness of fit detection. After passing the related tests and detection, this study examines the planned hypotheses and concludes that males have better economic well-being than females. Besides, financial literacy and locus of control have a positive effect on financial well-being. Also, the contribution of these four factors to explaining economic well-being is high, demonstrated by an R-square of 0.821.
Inflation, exchange rate, and stock return: The evidence from the LQ45 index constituents in Indonesia Martalena Martalena; Dini Iskandar; Bram Hadianto
Owner : Riset dan Jurnal Akuntansi Vol. 7 No. 4 (2023): Article Research Volume 7 Nomor 4 Oktober 2023
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v7i4.1859

Abstract

Economic factors affect companies, especially those listed in the capital market. Consequently, it fundamentally affects investors’ wealth, reflected by the stock price movement. Accordingly, this study aims to investigate and analyze the influence of inflation and exchange rate as related ones on stock return. The population comes from 20 coherent non-financial companies selected as LQ45 index from 2016 to 2022. Then, this study applies the Slovin formula with a 10% error margin to determine the sample size of 17, taken by a simple random sampling method. Also, it uses the regression model with pooling data and t-statistic to examine stock return determinants. Once meeting classical assumptions, this study checks the relationships. Its result demonstrates a positive influence of inflation on stock return, confirming the perspective declaring common stock becomes the hedging tool on inflation. Meanwhile, the IDR/USD exchange rate negatively associates with this return: The more powerful the US Dollar, the more diminished the stock price of non-financial companies belonging to the LQ45 index.  
The Relationship Between Price Discounts and Impulsive Purchase: The Mediating Role of Positive Emotions Aliwinoto, Christine; Hadianto, Bram; Tjiptodjojo, Kartika Imasari
Journal of Business and Economics Research (JBE) Vol 5 No 2 (2024): June 2024
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v5i2.5252

Abstract

This study aims to test and analyze the effect of price discounts on impulse buying and positive emotions (PE), as well as the influence of PE on impulse buying. Besides, examining and analyzing the PE to mediate the relationship between price discounts and impulse buying becomes another intention. The population comes from Generation Z, born between 1995 and 2009, who purchased goods in the Yogya Department Store in Bandung City. Moreover, a purposive sampling method is utilized to sample them. Fortunately, this study can collect 207 people based on the survey. Therefore, this study uses a covariance-based structural equation model and Sobel test. After statistical testing is complete, this study demonstrates (1) no effect of price discounts on impulsive buying, (2) a positive influence of price discounts on PE, (3) a positive relationship between PE and impulsive purchase, and (4) the mediating effect of PE on the association between price discounts and impulse buying. Additionally, the R-square in the positive emotion and impulsive models is 0.801 and 0.148, respectively. As an implication, this study suggests that department stores apply price discounts on goods to elevate positive feelings with the help of salespersons providing excellent services, creating impulsive purchases after employees receive salaries.
Pension Literacy For The Teachers and Administration Staff in BPK Penabur Jatibarang Peter, Peter; Wahyusaputra, Tedy; Iskandar, Dini; Gunawan, Ika; Herlina, Herlina; Martalena, Martalena; Hadianto, Bram
Jurnal Abdimas Prakasa Dakara Vol. 4 No. 2 (2024): Pemberdayaan Masyarakat Melalui Pengembangan Kompetensi dan Literasi Praktis Be
Publisher : LPPM STKIP Kusuma Negara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37640/japd.v4i2.1962

Abstract

Financial literacy is the basis for building a wise nation to manage money. As one of this kind of knowledge, pension planning and implementation must be deeply introduced by higher education institutions, as exhibited by their lecturers, to society in service to the community. To support it, the lecturers in the undergraduate management department at the Business Faculty of Maranatha Christian University do it by training teachers and administration staff members of BPK Penabur Jatibarang. Moreover, the community service committee takes seven questions from Luchak and Gunderson (2000), develops them into nine questions with a multiple-choice system, and examines the difference in the percentage of accurate answers (PAA) post and pre-presented materials by the paired sample t-test to evaluate this training. Based on this testing result, the participants can correctly answer more questions after training (63.17%) than before (47.30%), reflecting the zone movement based on Chen and Volpe (1998) from the low level below 60% to the middle level between 60% and 79%. Regarding the long-term implementation, the participants must obtain the money needed for pensions by saving money monthly and investing in assets that can elevate their value, such as marketable securities in the capital market, gold, and hard currency.
Community service to improve the comprehension of investment literacy for employees in Bogor City Peter, Peter; Iskandar, Dini; Herlina, Herlina; Martalena, Martalena; Wahyusaputra, Tedy; Hadianto, Bram
Jurnal Abdimas Kartika Wijayakusuma Vol 5 No 3 (2024): Jurnal Abdimas Kartika Wijaya Kusuma
Publisher : LPPM Universitas Jenderal Achmad Yani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26874/jakw.v5i3.533

Abstract

This community service intends to enhance people's understanding of investment literacy amid fraudulent investments. The people intended are employees and affiliated persons of BPK Penabur in Bogor City. Moreover, the service community team uses the lecture method to train the participants, the advanced questions to assess their investment knowledge level, and the pair sample t-test to detect the difference of precise correct responses to measure the effectiveness of this event. Based on the evaluation, the team reports that their investment literacy level elevates before and after the training sections, reflected by 62.83% to 78.95% correct responses, which is they have the middle level based on the certain criteria. Having this level, they are suggested to start investing in bonds, shares, and mutual funds by contacting the local securities companies or following the financial certification provided by Maranatha Christian University to get comprehensive economic knowledge.
Co-Authors Aliwinoto, Christine Ana Mariana Ana Mariana, Ana Aribowo , Agus Barnabas Tridig S. Casuarina Putri Benedicta Sihombing Catherine Suyanto Christian Tayana Dagustani, Asyrafil Herza Dini Iskandar Dini Iskandar Elyzabet Indrawati Marpaung Firdaus, Monalisa Hendrik Hendrik Herlina Herlina Herlina Herlina Ika Gunawan Indra Purnama Setiawan Indriana Damaianti Iskandar, Dini Jerry, Jerry Karen Karen Kartika Imasari Tjiptodjojo Lauw Tjun Tjun M. Sienly Veronica Martalena Martalena Martalena Martalena Martalena Martalena Niken Angginia Nastiti Suwarno Nuryamin Budi Oktavianus Marbun Peter Peter Peter Peter Raihin, Yusuf Osman Renate Severita Hapsariny Ronny . Rony Setiawan Rosemarie Sutjiati Njotoprajitno Rully Arlan Tjahyadi Sabrina Wissen Safruddin Harahap Salsabila, Unik Hanifah Shafira Putri Kurniawan Sienly Veronica Wijaya Sinta Setiana Tan , Ming Kuang Tedy Wahyusaputra Trishya Yuwana Widarmawan, Natasha Cindy Yosephine Carolina