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All Journal ETIKONOMI Economic Journal of Emerging Markets MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Jurnal Bisnis dan Manajemen Jurnal Keuangan dan Perbankan E-Bisnis : Jurnal Ilmiah Ekonomi dan Bisnis JDM (Jurnal Dinamika Manajemen) Jurnal Ekonomi Modernisasi Assets : Jurnal Ekonomi, Manajemen dan Akuntansi Jurnal Promosi Pendidikan Ekonomi Jurnal Manajemen Teori dan Terapan Jurnal Dimensi Jurnal Mirai Management Jurnal Ilmiah Ekonomi Islam Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen Eklektik : Jurnal Pendidikan Ekonomi dan Kewirausahaan Jurnal Organisasi Dan Manajemen SEIKO : Journal of Management & Business NUSANTARA : Jurnal Ilmu Pengetahuan Sosial At-Tadbir : jurnal ilmiah manajemen Sketsa Bisnis JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) EQIEN - JURNAL EKONOMI DAN BISNIS Jurnal Manajemen Strategi dan Aplikasi Bisnis Jesya (Jurnal Ekonomi dan Ekonomi Syariah) JABE (Journal of Applied Business and Economic) Jambura Equilibrium Journal JURNAL MAKRO MANAJEMEN Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship Almana : Jurnal Manajemen dan Bisnis EKUITAS (Jurnal Ekonomi dan Keuangan) Jurnal Manajerial JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan) EVOLUSI : Jurnal Sains dan Manajemen Jurnal Ilmu Komputer dan Bisnis International Journal of Financial, Accounting, and Management International Journal of Economics, Business and Accounting Research (IJEBAR) Journal of Global Business and Management Review Prosiding National Conference for Community Service Project Management Studies and Entrepreneurship Journal (MSEJ) Jurnal Pengabdian kepada Masyarakat Nusantara Economics and Digital Business Review Studi Ilmu Manajemen dan Organisasi juremi: jurnal riset ekonomi Golden Ratio of Finance Management JAMBURA: JURNAL ILMIAH MANAJEMEN DAN BISNIS JWM (JURNAL WAWASAN MANAJEMEN) Media Bina Ilmiah Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Jurnal Sosial dan Sains Jurnal For Management Student (JFMS) Jurnal Dinamika Akuntansi dan Bisnis (JDAB) Mestaka: Jurnal Pengabdian Kepada Masyarakat Moneter : Jurnal Keuangan dan Perbankan MDP Student Conference Conference on Management, Business, Innovation, Education and Social Sciences (CoMBInES) Conference on Community Engagement Project (Concept) Jurnal Ilmiah Manajemen Ekonomi Dan Akuntansi (JIMEA) Jurnal Manajemen dan Pendidikan Agama Islam Jurnal Ekonomi Manajemen Dan Bisnis (JEMB) Dinamika Sosial: Jurnal Pengabdian Masyarakat Dan Transformasi Kesejahteraan Ulil Albab Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Jurnal Ilmu Manajemen Matrik: Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan
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Pengaruh Inflation, Interest Rate, dan Exchange Rate terhadap IHSG di Bursa Efek Indonesia pada Tahun 2011-2021 Hesniati Hesniati; Andreas Yoshiro Ogawa; Arvin Clarence; Chris Topher; Jerly Engelina
Studi Ilmu Manajemen dan Organisasi Vol 3 No 1 (2022): April
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v3i1.1078

Abstract

Purpose: The purpose of this study is to develop a model and research the influence of macroeconomics ranging from inflation, exchange rates and interest rates towards the growth of the IHSG Research methodology: A total of 132 sample data were used and were collected from 2011 to 2021. Quantitative research methods were used in conjunction with the use of SPSS analysis tool. Results: The research shows that macroeconomic does indeed have an effect on the IHSG. Inflation didn’t have a significant effect on IHSG, Interest rates was found to have a significant negative effect on the IHSG, The exchange rate was found to have a significant effect on IHSG. Limitations: The sample data was collected from numerous statistics website, but there appears to be slight numerical inconsistencies between the data presented. As such, the sample data used in the research were collected from only the most credible sources. Contribution: Can be a reference for future research regarding the same subjects, variables and phenomenon.  
Determinan Penting Stock Return pada Jakarta Islamic Index (JII) ditinjau dari Faktor Makroekonomi Hesniati Hesniati; Verren Calystania; Jessica Novia; Veni Sisca; Vira Vira; Stephanie Stephanie
Studi Ilmu Manajemen dan Organisasi Vol 4 No 2 (2023): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v4i2.1971

Abstract

Purpose: This study analyzes the effect of macroeconomic factors, including inflation, interest rates, exchange rates, and money supply, on the stock return rate of the Jakarta Islamic Index (JII). Methodology/approach: The data in this study were processed using the multiple linear regression approach in SPSS 26.0. The sample includes monthly data on the Jakarta Islamic Index (JII) Sharia index for ten years from January 2013 to January 2023. Results: The analysis results prove that the exchange rate and inflation have a significant negative effect on JII stock returns. In contrast, the interest rate and money supply do not have a significant relationship with stock returns. Limitations: A low adjusted R-squared value indicates that the independent variables can only explain the limited scope of the dependent variable. Thus, it can be concluded that additional variables are required to be included in this investigation. Contribution: This study is expected to provide a reference for further research. In addition, using one of the Sharia indices in this study is expected to provide a new view to novice investors that not only shares of conventional companies are traded but also shares of Sharia companies. It is hoped that this study’s results will also help investors prospect JII stock returns to help them find the best investment decision. Novelty: Many previous studies have conducted research on stock prices using the Jakarta Islamic Index (JII). However, research on stock returns using this index has not been found.
Pengaruh Variabel Makroekonomi terhadap Return Saham Indeks Infobank15 Hesniati Hesniati; Delfina Delfina; Irvin Irvin; Alexander Janio Wijaya; Fionna Quinn; Hardy Winata Lie
Studi Ilmu Manajemen dan Organisasi Vol 4 No 2 (2023): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v4i2.2052

Abstract

Purpose: This study analyzes the impact of macroeconomic indicators on banking stock returns. Methodology/approach: This study utilized a quantitative approach with a hypothesis testing method as evidence of the effects of macroeconomic indicators on bank stock returns. The stock index obtained as a sample was the Infobank15 index, consisting of 15 banks in Indonesia over five years, from 2018 to 2022. To examine the relationship in the research model or the impact between variables and to fit the research model, secondary data were used. Data were analyzed using statistical software to implement the data analysis. Results: This study found that the price of the InfoBank15 index is affected either positively or negatively by money supply and exchange rate, respectively, but not by interest rate. Limitations: This research was limited by the short observation period, with limited macroeconomic indicators as the independent variable, and only one index listed in Bursa Efek Indonesia is used as research data.
HOW BOARD SIZE MODERATES THE EFFECT OF CEO POWER ON ESG Hesniati Hesniati; Jeffrey Jeffrey; Tony Candra
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 9 No 3 (2025): Edisi September - Desember 2025
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v9i3.6648

Abstract

This study aims to explore how CEO Power affects ESG with the moderating role of board size which the answer is remains unexplored, while in the extant literature the impact of ESG is the most discussed. The findings was conducted on public companies listed on the Indonesia Stock Exchange (IDX) reveal that the direct impact of CEO Power on ESG performance is significant. However,the result of the moderating effect of Board Size does not show a significant effect. The findings of this study contributes by revealing how CEO Power affects ESG with the moderating role of Board Size.
PERBANDINGAN PENGARUH HARGA MINYAK MENTAH TERHADAP INDEKS HARGA SAHAM PERUSAHAAN ENERGI DI INDONESIA DAN MALAYSIA SELAMA PERANG RUSSIA UKRAINA Isnaini Nuzula Agustin; Hesniati Hesniati; Ellen Ellen; Florentina Jasmine; Lovis Vernando; Kelvin Kelvin; Vincent Vincent
Promosi: Jurnal Program Studi Pendidikan Ekonomi Vol 11 No 2 (2023): Promosi
Publisher : UNIVERSITAS MUHAMMADIYAH METRO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24127/pro.v11i2.9118

Abstract

One of the world's largest consumption of energy is crude oil, which is a source of transportation fuel. Crude oil is often used as an indicator of the world economy because fluctuating oil prices can affect a country's capital market, both developed and developing countries. This study aims to analyze the comparison of the effect of crude oil prices on stock indexes in Indonesia and Malaysia during the RussiaUkraine War. This research is a comparative research using saturated sampling data collection method with a total sample of 454. The data is taken from index data listed on the Indonesian and Malaysian stock exchanges and world oil price data, then the data is tested using the Statistical Program for Social Science application. (SPSS). The results of this study indicate that the price of crude oil has a significant positive effect on the stock price index of Indonesian energy companies, while for Malaysia it produces a significant negative relationship.
Program Hiburan Edukatif dan Bantuan Sosial untuk Anak di Panti Asuhan Mahabbatul Haq Serly Diana; Dennis Dennis; Firman Firman; Bigson Bigson; Aerlica Ryanti; Meirany Ahsanti; Silvana Aurelia; Winnie Winnie; Gary Tan; Bryan Antonio Marwan; Evelyn Tan; Alex Putra Pranata; Lili Karnita; Putri Jusinta; Muhammad Yaser Mansur; Hesniati Hesniati
National Conference for Community Service Project (NaCosPro) Vol. 7 No. 01 (2025): The 7th National Conference for Community Service Project 2025
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat Universitas Internasional Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37253/nacospro.v7i01.11097

Abstract

Anak-anak di Panti Asuhan Mahabbatul Haq mengalami keterbatasan akses terhadap hiburan edukatif dan dukungan sosial yang memadai, yang dapat memengaruhi aspek kognitif, emosional, dan sosial mereka. Untuk menjawab tantangan ini, Kegiatan Pengabdian kepada Masyarakat dirancang dengan mengintegrasikan program hiburan edukatif dan bantuan sosial. Metode pelaksanaan meliputi observasi awal, wawancara dengan pengurus panti, serta implementasi kegiatan seperti permainan edukatif berbasis kerja sama, pojok literasi, dan pembagian alat tulis serta buku cerita. Selama kegiatan berlangsung, terlihat adanya peningkatan antusiasme, partisipasi aktif, serta ekspresi positif dari anak-anak. Bantuan sosial yang diberikan turut mendukung kebutuhan harian mereka secara konkret. Hasil ini menunjukkan bahwa pendekatan berbasis hiburan edukatif yang dipadukan dengan dukungan material dapat memberikan dampak positif bagi kesejahteraan dan semangat belajar anak-anak di panti asuhan.  
Effects of Expected Future Financial Security and Digital Knowledge on Fintech Behavior Hesniati Hesniati; Candy -; Edy Marsono; Andhie Febrian; Dimas Zainudin; Jefry -
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.v5i1.15271

Abstract

The rapid development of financial technology has significantly transformed how individual manage and engage with financial activities. Although fintech enhances financial inclusion and efficiency, its accessibility also introduces challenges, including financial stress, gaps in digital knowledge, and low levels of expected future financial security. In the Indonesian fintech context, this study examines the effects of expected future financial security and digital knowledge on individuals’ financial behavior, while assessing the mediating role of financial stress. The study employs a quantitative research design using a survey method targeting productive-age individuals’ who use fintech services. Data analysis is conducted using Partial Least Squares Structural Equation Modeling to evaluate both direct and indirect relationships among the variables. The findings are expected to contribute theoretically by integrating psychological into financial behavior research, and practically by providing insights for policymakers and fintech providers to develop strategies that improve financial literacy in the digital era.
Digital Financial Literacy dan Bias Status Quo, dan Penggunaan Fintech pada Generasi Z Candy Candy; Hesniati Hesniati; Chen Chen Aprilia Sabila; Lila Apriliah; 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.
MORE THAN CONVENIENCE: SOCIAL INFLUENCE SHAPES THE PATH FROM PERCEIVED USEFULNESS TO ACTUAL E-WALLET USE Haryanto, Hery; Tu, Michelle Nataline; Hesniati
Assets: Jurnal Ekonomi, Manajemen, dan Akuntansi Vol 16 No 1 (2026): Assets : Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/assets.v16i1.67047

Abstract

Purpose - This study extends the Technology Acceptance Model to explain Indonesian e-wallet continuance by examining perceived usefulness, perceived ease of use, gamification effectiveness, trust in provider, loyalty program intensity, social influence, intention to continue use, and actual usage frequency. Methods – A quantitative survey of 290 Indonesian e-wallet users was analyzed using partial least squares structural equation modeling. Findings – The findings show that perceived usefulness, perceived ease of use, gamification, trust, and loyalty programs have a positive effect on intention to continue use. Intention to continue use also has a significant effect on actual usage frequency. Social influence strengthens the association between perceived usefulness and the intention to continue using it but does not significantly moderate perceived ease of use. Research Implications – The study adds to the body of knowledge on post-adoption behavior for sustainable digital payment usage and to strengthening the cashless payment ecosystem in Indonesia. Originality – This research extends the Technology Acceptance Model by incorporating actual usage frequency as the final behavioral outcome in Indonesian e-wallet users.
Deciphering Investment Decision in Fintech: The Role of Behavioral Bias and Risk Perception Fendy Cuandra; Stefhani Susanto; Hesniati Hesniati; Candy Candy
Jurnal Organisasi dan Manajemen Vol. 20 No. 2 (2024)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/jom.v20i2.8248.2024

Abstract

Purpose – This study aimed to investigate the effect of behavioral biases on Indonesian investors using fintech platforms. The roles of blue-chip stock, availability, herding, and overconfidence bias, as well as disposition effect on investment decisions, were examined both directly and indirectly through risk perception. Methodology – Data were collected via stributing online surveys to over 360 investors between November 2023 and January 2024. Structural Equation Model analysis method was used to evaluate the data. Results – Availability and blue-chip stock biases positively influence investment decisions and risk perception, while herding bias is insignificant. Overconfidence bias and disposition effect significantly affect risk perception but not investment decisions. Risk perception mediates the significant effects of availability and blue-chip stock biases on investment decisions. Originality – The study explores the unique role of fintech platforms in shaping investment decisions, extending beyond traditional analyses of investor psychology. Prospect theory was applied as a theoretical lens to examine the effect of specific behavioral biases on investment decisions and risk perception within the Indonesian fintech context.
Co-Authors Aerlica Ryanti Agustin, Conny agustin, isnaini nuzula Agustin, Isnaini Nuzulla Airin Triyana Albert Lee Albert Lee Alex Putra Pranata Alexander Janio Wijaya Alvin Alvin Alya Sari Andhie Febrian Andre Steven Andre Steven Hutagaol Andreas Yoshiro Ogawa Andrew Andrew Andrew Andrew, Andrew Andryanto Andryanto Angel Lim, Michelle Angela Angela Angelina Alicia Angelina Valensia Angelina, Winna Angeline Aurellia Angeline Aurellia Angeline Goh Anggriani, A. Arienda Gitty Ramadani Arviano, Hengky Arvin Clarence Aurellia, Angeline Ayu Fauzia Rahmah Bella Oktavia Maryto Benny Benny Bigson Bigson Bryan Antonio Marwan Candy - Candy Candy Carol, Carol Cedrich Zakhariah Celine Kho Celine Kho Cerina Cerina Chen Chen Aprilia Sabila Chris Topher Chuadra, Wiriya Dharma Cindy Aulia Putri Cindy Fransiska Cindy Valentina Cing Mei Conny Agustin Cuandra, Fendy Dedy Delfina Delfina Deni Ariadi Dennis Dennis Desi Mulyati Destiana Safitri Devin Devin Devin Devin Diarti, Yen Diavika Febriyanti Dimas Zainudin Doni Indrianto Eddy Oktarianto Eddy Oktarianto Edy Marsono Elida, Shelly Ellen Ellen Ellen Ellen Ellen Ellen Erick Erick Erick Erick Erlen Erlen Erlen, Erlen Erliani Erliani Estina Sativa Eva Juliana Evelyn Tan Evita Kordinata Fernado Fernado Fernando Fernando, Fernando Feronika Romadoni, Salsabilah Fifyanty, Fifyanty Fionna Quinn Firman Adiyasa Firman Firman Florentina Jasmine Florentina Jasmine Gary Tan Ghinanda Nasywa Grace Geovanni Gusfandi Gusfandi Hadi Nanto Hafidatul Husna Hardy Winata Lie Hariyani Ningsih Harsono Harsono Hartono, Benedicte Hartono, Cindy Hendry Setiawan Hendy Hendy Henliyanto Henliyanto Herman Herman Hery Haryanto Hery Haryanto Ilianto Tri Sagianto Irvin Irvin Isnaini Isnaini Isnaini Ivander Lukito Ivander Luktio Jacelyin Jacelyin Jasmine, Florentina Jeanette Andhini Nurulia Mashita Jeffrey Jeffrey Jefry - Jenny Jenny Jenny Jenny Jenny, Jenny Jerly Engelina Jeslin Jeslin Jessica Angelina Jessica Novia Jessica Novia Jessica Valeria Jessy Jessy Jhony Budiman Jocelyn Jocelyn Joey Joey Joey, Joey Johny Budiman Jolin, Jolin Jovianto Jovianto Joycelin, Joycelin Julianto Julianto Junita Junita Kelly Kelly Kelly Kelly Kelvin Kelvin Kelvin Kelvin Kelvin Kelvin Kelvin Kwek Kendri Setiawan Kendy Setiawan Hartono Keyi Sylvia Tania Keyi Sylvia Tania Kho, Celine Koo, Felicia Kristina Kristina Lady, Lady Laurentcia Longli Lia Trinanda Lie, Kelvin Lila Apriliah Lili Karnita Lim, Cecilia Limgestu, Rico Lina Lina Lina Lina Lindawati Lindawati Lindawati Lindawati Lovis Vernando Lovis Vernando Lydia Sasmita M. Rifqi Taufiqurahman Mahendra, Rizky Adi Mairoza Mairoza Mairoza Maitri, Badra Marheni, Dewi Khornida Marzelina Sintia Putri Mega Fatimah Rosana Meilan Sri Despitra Meirany Ahsanti Merinda Wijaya Michael Setiawan Michael Setiawan Michelle Angel Lim Michelle Angel Lim MIFTAHUL JANNAH Mirza Salman Pahlavi Muhammad Taufik Muhammad Yaser Mansur Nainggolan, Ferdinand Nheza Aulia Putri Nopry Nopry Novi Aprillia Novilia Novilia Novilia Novilia, Novilia Oktarianto, Eddy Owen Owen Perawati Peter Khosasih Phangestu, Steffany Jessica Putri Ernisa Putri Jusinta Putri, Shieny Tan Rahma Gustina Putri Ramadhani Adinda Salsabila Ramadhani Adinda Salsabilla Rano Ardiansyah Reni Febriani Renndy Ferdianto Ria Hartoko Ricky Wijaya Rico Lim Gestu Rico Limgestu Robin Robin Robin Robin, Robin Romie Jhonnerie Romieo Romieo Rudiyanto Rudiyanto, Rudiyanto Safitri, Destiana Santi Santi Saw liong Selen Angelina Sepbianto Sepbianto Serena Phang Serly Diana Sherlyn Sherlyn Sherry Sherry Shieny Tan Putri Shirley Feblicia Silvana Aurelia Sisca, Veni siti rodiah Soecipto Soecipto Sonata, Vina Sonata, Vivi Stefani, Christine Stefhani Susanto Stephanie Stephanie Steven Steven Steven Steven Suci Syafitry Suprapto, Yandi Susanti Susanti Suwandi Suwandi Teddy Ricardo Toh Meng Loo Tony Candra Tu, Michelle Nataline Valentina, Cindy Veni Sisca Verandi, Rizal Vernando, Lovis Verren Calystania Vian Ervina Viandi Agustinus Vincent Vincent Vincent Vincent Vincent Vincent, Vincent Vira Vira Vivi Sonata Viviani Viviani Viviani, Viviani Vivyanti, Vivyanti Wendy Winardy, Jeffri Winnie Winnie Wira Ramashar Wismanto Wismanto Wisnu Yuwono Yandi Suprapto Yopie Hendra Yulfiswandi, Yulfiswandi Yulianti Yulianti Zulfiniar Nur Kalimah