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Revisiting Investor Behaviour in Risky Investment Decision Making Ni Putu Ayu Darmayanti; Ni Luh Putu Wiagustini; Luh Gede Sri Artini; Ica Rika Candraningrat
Jurnal Minds: Manajemen Ide dan Inspirasi Vol 9 No 1 (2022): June
Publisher : Management Department, Universitas Islam Negeri Alauddin Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/minds.v9i1.26690

Abstract

The number of studies into behavioral finance has increased during the last two decades. However, literature about how behavioral factors determine risky investment decisions still needs to be reviewed from the behavioral finance theory point of view. This paper deals with behavioral research in finance and some aspects of investor behavior when making investment decisions about risky assets. Library research was conducted and then presented using a descriptive form of theoretical exposure. Based on the perspectives of the prospect theory, the literature reviewed in this paper provides results about individuals' financial literation, risk tolerance, and personality in determining motivation to choose risky investments. The conclusions show that behavioral finance exists, and people may be irrational when making investment decisions about risky assets.
DETERMINAN STRUKTUR MODAL PADA PERUSAHAAN INDUSTRI KOMPONEN OTOMOTIF DI BURSA EFEK INDONESIA I Gede Pawarista Susila Putra; Ica Rika Candraningrat
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.12.NO.03.TAHUN.2023
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2023.v12.i03.p13

Abstract

Capital structure is a comparison between debt and company capital. Capital structure is important to consider to avoid financial difficulties. The aim of this study is to determine the effect of profitability, asset structure, firm size, and growth rate on capital structure. This research was conducted at automotive component industry companies that are listed on the Indonesia Stock Exchange for the 2016-2020 period. The data used is quantitative data with secondary data sources published by the Indonesia Stock Exchange. The samples used in the study were 10 companies through purposive sampling methods. This study used non-participant observation methods. The analysis technique used is multiple linear regression. Based on the results of the analysis found that profitability, company size, and growth rate had no effect on capital structure, and asset structure had a positively affects on capital structure. Management is expected to be able to make the right decisions in order to achieve an optimal capital structure.
PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LIKUIDITAS TERHADAP RETURN SAHAM PERUSAHAAN SEKTOR CONSUMER GOODS DI BURSA EFEK INDONESIA Ni Putu Lisna Ardityawati; Ica Rika Candraningrat
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.12.NO.06.TAHUN.2023
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2023.v12.i06.p18

Abstract

Stock return is the profit obtained by companies, individuals, and institutions from the results of their investment policies. Before investing in the capital market, especially in the stock market, investors need to collect information about the company's fundamental conditions to get return investment in the long-term. The purpose of this study was to determine the effect of capital structure, profitability and liquidity on stock return. This research was conducted at consumer goods sector companies that are listed on the Indonesia Stock Exchange for the 2017-2020 period. The data used in this study is quantitative data with secondary data sources published by the Indonesia Stock Exchange. The sample used in this study were 34 companies through purposive sampling method. This study used non-participant observation method. The analysis technique used is multiple linear regression. Based on the results of the analysis found that the debt to equity ratio had a negative and insignificant effect on stock return, return on assets had a positive and significant effect on stock return and current ratio had a positive and insignificant effect on stock return. Investors and company management are expected to pay more attention to return on asset that have an impact on stock return.
INTERNAL DETERMINAN STRUKTUR MODAL PADA PERUSAHAAN TAMBANG BATUBARA DI BURSA EFEK INDONESIA I Gede Suastawa; Ica Rika Candraningrat
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.12.NO.11.TAHUN.2023
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2023.v12.i11.p14

Abstract

Companies in carrying out operations and developing business certainly require capital and additional capital. The purpose of this study was to determine the internal determinants of capital structure. This research was conducted on coal mining sub-sector companies on the Indonesia Stock Exchange for the period 2016 – 2020. In this study, five independent variables were used, namely profitability, company size, liquidity, non-debt tax shield, and company growth, while the dependent variable was structure capital. The sample used was determined by purposive sampling method and obtained 22 companies as a sample of a total of 24 listed companies. The data in this study were collected using the non-participant observation method by making observations on the company's financial statements. The data analysis technique used is multiple linear regression analysis. The results of multiple linear regression analysis show that profitability and liquidity have a significant negative effect on capital structure, firm size and firm growth have a significant positive effect on capital structure, but the non-debt tax shield variable does not have a negative effect on capital structure.
PENGARUH LEVERAGE, UKURAN PERUSAHAAN, STRUKTUR ASET DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE I Gusti Ayu Agung Mas Jayanti; Ica Rika Candraningrat
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.13.NO.05.TAHUN.2024
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2024.v13.i05.p04

Abstract

Nilai perusahaan yang tinggi mengindikasikan tingkat kemakmuran yang tinggi dari para pemegang saham dalam suatu perusahaan, oleh karena itu manajer perusahaan akan terus meningkatkan nilai perusahaannya untuk menarik minat investor untuk berinvestasi pada perusahaan. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh leverage, ukuran perusahaan, struktur aset dan profitabilitas terhadap nilai perusahaan di perusahaan food and beverage di Bursa Efek Indonesia tahun 2018-2021. Teknik pengambilan sampel menggunakan metode purposive sampling dengan jumlah sampel sebanyak 18 perusahaan dari jumlah populasi sebanyak 32 perusahaan. Teknik analisis data yang digunakan adalah regresi linier berganda yang diolah dengan bantuan program IBM SPSS 25. Hasil penelitian ini menunjukkan bahwa leverage berpengaruh positif dan signifikan terhadap nilai perusahaan, ukuran perusahaan berpengaruh negatif terhadap nilai perusahaan, struktur aset tidak berpengaruh terhadap nilai perusahaan dan profitabilitas berpengaruh positif dan signifikan terhadap nilai perusahaan. Implikasi hasil penelitian ini diharapkan agar manajemen perusahaan dan investor diharapkan memperhatikan variabel yang mempengaruhi nilai perusahaan.
UNDERSTANDING ANTECEDENTS WHICH SHAPE TOURISTS’ WILLINGNESS TO VISIT FROM THE TPB VIEWPOINT Keni, Keni; Wilson, Nicholas; Candraningrat, Ica Rika; Puspitowati, Ida
Jurnal Ilmiah Ekonomi Bisnis Vol 29, No 3 (2024)
Publisher : Universitas Gunadarma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35760/eb.2024.v29i3.11455

Abstract

Theory of planned behavior (TPB) had been used repeatedly by various researchers to analyze human’s behavior. Utilizing this framework, this research attempts to fully investigate various variables which could affect tourists’ willingness to visit Bintan Island in Riau Island, Indonesia. Questionnaires were used to gather data from the qualified respondents who’ve visited Bintan Island at least once in the past 1 year. Next, a non-probability sampling in the form of purposive sampling was implemented in order to ensure that all respondents who filled in the questionnaires had satisfied the criteria. After distributing the questionnaires to the respondents for around 4 months, a total of 198 data had been successfully gathered from the respondents. However, after further assessment, 24 data need to be omitted since these data were filled in by respondents who failed to fulfill the respondents’ criteria set in this study, thus confirming that a total 174 data will be further assessed in this research using PLS-SEM method using SmartPLS 4 software. After analyzing these data, authors concluded that all three main variables within the TPB theory, namely attitude, perceived behavioral control and subjective norms, together with destination attachment, significantly and positively affect tourists’ willingness to visit Bintan Island.
PENGARUH FLEKSIBILITAS KEUANGAN, UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN Putu Ayu Ersa Tresna Dewi; Ica Rika Candraningrat
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.13.NO.08.TAHUN.2024
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2024.v13.i08.p16

Abstract

Keinginan investor untuk melakukan penanaman modal pada perusahaan tergantung pada nilai perusahaan. Penelitian ini bertujuan untuk menganalisis pengaruh fleksibilitas keuangan dan ukuran perusahaan terhadap nilai perusahaan dengan struktur modal sebagai variabel mediasi. Penelitian ini dilakukan pada perusahan sub sektor makanan dan minuman di Bursa Efek Indonesia (BEI) pada tahun 2019-2021. Sebanyak 28 sampel ditentukan dengan purposive sampling. Hasil penelitian ini menunjukkan bahwa fleksibilitas keuangan berpengaruh positif terhadap struktur modal dan nilai perusahaan, ukuran perusahaan tidak berpengaruh terhadap struktur modal, ukuran perusahaan berpengaruh positif terhadap nilai perusahaan, struktur modal tidak berpengaruh terhadap nilai perusahaan, dan struktur modal tidak dapat memediasi fleksibilitas keuangan dan ukuran perusahaan terhadap nilai perusahaan.
Analysis of inventory management at Widi Putra Motor Dewa Nyoman Wahyu Ariana; Ica Rika Candraningrat
Interdisciplinary Social Studies Vol. 4 No. 2 (2025): Regular Issue: January-March 2025
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v4i2.807

Abstract

The aim of this study is to analyze and compare the total cost of inventory by implementing a better inventory management system compared to the traditional methods currently used. This study was a descriptive research with a quantitative approach that focused on the analysis of inventory management at Widi Putra Motor, especially related to the effectiveness of controlling spare parts inventory using the Economic Order Quantity (EOQ) method. The object of the research consisted of inventories in 2023 and 2024. The results show that the use of the EOQ method provides efficiency in inventory management, which in turn minimizes costs incurred and supports the increase in profits. The total inventory cost is compared between the method applied by the workshop that is currently used and the method used by the shop. This research is expected to provide benefits both theoretically, as well as an empirical contribution and reference for future research related to inventory management. The application of the economic order quantity method is recommended to determine the optimal order quantity in order to minimize total inventory costs.
The Influence of Financial Literacy and Overconfidence on Investment Decisions With Risk Tolerance as A Mediating Variable (A Study on Stock Investors in Bali Province) Sawitri, Kadek Dewi; Candraningrat, Ica Rika
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 2 (2025): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i2.355

Abstract

Investment decisions are influenced not only by rational calculations but also by psychological biases that affect investor behavior. Grounded in behavioral finance and prospect theory, this study aims to analyze the influence of financial literacy and overconfidence on investment decisions, with risk tolerance as a mediating variable. The research involved 250 stock investors in Bali Province, selected through purposive sampling. Data were collected via structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal that financial literacy and overconfidence each have a significant and positive effect on investment decisions. Furthermore, both variables also positively influence risk tolerance, which itself significantly impacts investment decision-making. Risk tolerance mediates the effects of financial literacy and overconfidence on investment decisions, indicating that knowledgeable and confident investors are more willing to take calculated risks aligned with their long-term financial goals. The study contributes theoretically to the development of behavioral finance by confirming the mediating role of risk tolerance in investment behavior. Practically, the findings suggest that financial education and awareness of overconfidence biases are essential in enhancing rational investment behavior. Policymakers and financial institutions are encouraged to develop targeted financial literacy programs and investor profiling tools based on risk tolerance to support more strategic and resilient investment decisions.