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Pengaruh Modal Intelektual, Direksi Wanita, dan Jajaran Direksi Independen Terhadap Biaya Modal Pada Perusahaan Pariwisata di Indonesia Saarce Elsye Hatane; Jane Jacinda Maitri Firman; Josephine Bianca Indrawila
Business Accounting Review Vol 9, No 1 (2021): Business Accounting Review
Publisher : Business Accounting Review

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research intended to explain the effect of intellectual capital disclosure, independentboard, and woman on board on the cost of capital in the Indonesian tourism industry. The researchsamples were 31 Indonesian tourism industries listed on Indonesia Stock Exchange from 2015 until2019. This research used ordinary least squares panel data analysis. The main finding of this researchwas that there are positive influences of intellectual capital disclosure, and women on board on theweighted average cost of capital. On the other hand, independent boards negatively impact theweighted average cost of capital. However, none of the three independent variables has a significanteffect.
Pengaruh Heuristik Bias dengan Mediasi Risk Tolerance dan Financial Literation Serta Inovasi Keuangan Terhadap Keputusan Investasi pada Gen Z Jane Jacinda Maitri Firman; Liliana Inggrit Wijaya
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 2 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i2.6256

Abstract

This study aims to test and analyze the effect of heuristic bias with mediation of risk tolerance and financial literacy and financial innovation on investment decisions in Gen Z. The method in this study is a quantitative method, using primary data obtained through a questionnaire involving 316 respondents as a sample. The Partial Least Square-Structural Equation Model (PLS-SEM) approach was used to analyze the data with JASP software version 0.16.4.0 and SPSS version 29 The results of the study indicate that financial literacy has a significant positive relationship with overconfidence bias, anchoring bias, representativeness bias, availability bias and investment decisions. Then overconfidence bias and risk tolerance have a significant negative relationship with investment decisions. Anchoring bias, availability bias, financial innovation have no significant relationship with investment decisions. Representativeness bias has a significant positive relationship with investment decisions. This study also found that Financial Literacy has a significant positive relationship with risk tolerance.
Pengaruh Heuristik Bias dengan Mediasi Risk Tolerance dan Financial Literation Serta Inovasi Keuangan Terhadap Keputusan Investasi pada Gen Z Jane Jacinda Maitri Firman; Liliana Inggrit Wijaya
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 2 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i2.6256

Abstract

This study aims to test and analyze the effect of heuristic bias with mediation of risk tolerance and financial literacy and financial innovation on investment decisions in Gen Z. The method in this study is a quantitative method, using primary data obtained through a questionnaire involving 316 respondents as a sample. The Partial Least Square-Structural Equation Model (PLS-SEM) approach was used to analyze the data with JASP software version 0.16.4.0 and SPSS version 29 The results of the study indicate that financial literacy has a significant positive relationship with overconfidence bias, anchoring bias, representativeness bias, availability bias and investment decisions. Then overconfidence bias and risk tolerance have a significant negative relationship with investment decisions. Anchoring bias, availability bias, financial innovation have no significant relationship with investment decisions. Representativeness bias has a significant positive relationship with investment decisions. This study also found that Financial Literacy has a significant positive relationship with risk tolerance.