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The Effect of Personality Traits on Generation Z Financial Literacy Padmodipoero, Faya Daffani Awinatama; Damayanti, Sylviana Maya
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

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Abstract. In the most recent decade, financial literacy has become the main issue, government agencies and financial institutions have gotten financial literacy as one of their primary focuses in the policy aspects. There is an incredible worry that customers tend to lack financial concepts and don't have the apparatuses they have to settle on budgetary choices. Individuals around the globe are confronted with financial decisions on a daily basis. With the evolving information technology landscape, financial information is more abundant than ever before (Killins, 2017). The improvement of financial literacy is required to contribute to a more stable financial system and reduce financial fragility. As a Generation Z that started entering the young adult stage, they faced phenomenal money related and complexity in today's demanding financial environment. As they begin getting older, they should make choices on their own regarding the retirement funds, insurance, debt, and home loans. The financial decision that they make today could have a high effect towards the long term economic and social aspects (Montoya and Scott, 2011). Personality traits have been found to be a factor that affect an individual’s subjective well-being. This study intends to fill such gap in the literature and provides academics and practitioners with a new understanding of how personality traits influence one’s ability to digest and implement the financial information provided to them. This research purpose is to identify the relationship between personality and financial literacy using the Big Five personality traits and Locus of Control. Data for this research was gathered using online questionnaires and analyzed using Ordinary Least Square. Data analysis shows that from seven personality factors, only Openness and Conscientiousness that not have a significant relationship towards financial literacy.Keywords: Personality Traits, Financial Literacy, Generation Z
The effect of ethnicity in Indonesia on investment experience Lubis, Khayruna; Damayanti, Sylviana Maya
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

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Abstract. Investors who invest in the stock market are influenced by several factors. Not only because of the stock market performance, but also because of the influence of the psychological and personality characteristics of investors. The purpose of this study is to determine the effect of ethnicity In Indonesia that are Javanese, Sundanese, Tionghua, & Batak on eight characteristics of behavioral biases in investment decision - overconfidence, herding, regret aversion, gambler's fallacy, representativeness, anchoring, cognitive dissonance, and hindsight. In addition to ethnic factors, researchers also added other demographic factors such as monthly income and the type of investment account owned by investors. The questionnaire distributed to undergraduate students who are studying in Bandung and have an investment account. Data collected in this study were 367 respondents. For the analysis method, this research uses logistic regression analysis method. Based on the hypothesis testing of all independent variables, the results show that the difference in ethnicity does not have aninfluence on the behavioral bias in investment decisions.Keywords: Behavioral finance, Behavioral bias, Ethnicity, Cultural, Investment decisions.
Technology Transfer Challenges in Indonesia: An Experience from Industry Turbine Overhaul Soekarno, Subiakto; Maya Damayanti, Sylviana; Samsu Wibowo, Putri Maharani
The Asian Journal of Technology Management (AJTM) Vol 2, No 1 (2009)
Publisher : School of Business and Management Institut Teknologi Bandung

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This paper discusses the problems and challenges that Indonesia faces in the process of its technology transfer. Matters discussed in this paper are based on the lead writer’s personal observation and experience of the technology transfer taking place in Indonesia’s turbine maintenance and overhaul industry.The first challenge faced is the lack of basic skills on the part of factory workers. The next challenge is the lack of supporting industries. Furthermore, the low level of English proficiency of the workforce has contribution to the technology transfer problems. Final challenges are the low credibility of the government entities that oversee the turbine maintenance industry in Indonesia. The steps undertaken in the technology transfer in the turbine maintenance and overhaul industry in Indonesia is done through several complex stages.Keywords: challenges in the transfer of technology, technology transfer in Indonesia, turbine maintenance and overhaul industry.
Is Rights Issue Will Raising the Stock Price of PT Nippon Indosari Corpindo Tbk? Sylviana Maya Damayanti; David Anwar
Jurnal Keuangan dan Perbankan Vol 22, No 3 (2018): July 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (857.821 KB) | DOI: 10.26905/jkdp.v22i3.2020

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The stock price of PT Nippon Indosari Corpindo Tbk (ROTI) declined due to the right issue announcement by the corporation, had caused the price of ROTI to fall from IDR 1,760 to IDR 1,195. As the price of the stock itself was in a volatile condition, it was interesting to understand more about the status of the stock price, whether it was undervalued or overvalued. The purpose of this study  to calculated the fair share price of ROTI in 2017 based on the 2010-2016 historical data. The findings will be compared with the stock price in the market to know that ROTI was undervalued or overvalued for the decision of the investor to buy, hold or sell its shares. The valuation model used Constant-Growth Model or the Gordon Model. Based on the calculation the fair stock price were IDR 1,617.39, whereas when using the Gordon Model the fair share price were IDR 1,104.19 per share. Based on data from Bursa Efek Indonesia, the closing price for ROTI on December 30, 2016, were IDR 1,600 and it can be concluded that the stock price of ROTI was undervalued.JEL Classification: G11, G23DOI: https://doi.org/10.26905/jkdp.v22i3.2020
THE OPTIMAL CAPITAL STRUCTURE: AN EMPIRICAL STUDY OF INDONESIA COMPANY IN THE FOOD AND BEVERAGE INDUSTRY Sylviana Maya Damayanti; Jane Julia Mulyono; Isrochmani Murtaqi
Ekonomi dan Bisnis Vol 4, No 2 (2017): Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (804.845 KB) | DOI: 10.35590/jeb.v4i2.738

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Optimal capital structure is mix between debt and equity which resulted in maximizing firm’s value. Food and beverage sub-sector industry play an important role in Indonesia economic growth as one of the biggest contributor of gross domestic product (GDP) in Non-Oil & Gas Industry. The aim of this study is to determine the optimal capital structure in Indonesia food and beverage manufacturing. Data used in this study from 14 food and beverage companies listed in Indonesia Exchange. This study used Adjusted Present Value (AVP) simulation by Aswath Damodaran to determine the optimal capital structure. This simulation started with estimated the unlevered company value then as the level of debt increase the unlevered company value adjusted by the net effect of both the benefit of debt and cost of debt. Company value estimated at each level of debt from 10% - 90% and the debt ratio which resulted in highest company value is the optimum debt ratio. The result from this study shows that there are two companies should have the 0% debt ratio.
Generasi Milenial sebagai Pengguna Fintech: Dampaknya terhadap Literasi dan Inklusi Keuangan di Indonesia Sylviana Maya Damayanti; Rizaldi Zakarias
Ekonomi dan Bisnis Vol 7, No 2 (2020): Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35590/jeb.v7i2.2193

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Literasi Keuangan dan Inklusi Keuangan menjadi dua hal yang sangat penting sejak Presiden Republik Indonesia periode 2004-20014 Susilo Bambang Yudhoyono bersama dengan Otoritas Jasa Keuangan (OJK) meresmikan Blue Print “Strategi Nasional Literasi Keuangan Indonesia” pada tahun 2013. Berdasarkan survei yang dilakukan oleh OJK, indeks literasi keuangan dan inklusi keuangan masyarakat Indonesia pada tahun 2013 sebesar 21,84% dan 59,74%. Indeks ini meningkat saat dilakukan survei tahun 2016, yaitu sebesar 29,7% dan 67,8% dan kembali naik pada tahun 2019, sebesar 38,03% dan 76,19%. Presiden Joko Widodo-pun menargetkan inklusi keuangan di Indonesia bisa mencapai 90 persen pada tahun 2024 mendatang. Fintech atau teknologi finansial di Indonesia mulai berkembang sejak tahun 2006 sebesar 7% dan meningkat signifikan menjadi 78% di tahun 2017. Hal ini yang mendasari peneliti untuk menganalisis pengaruh dari fintech terhadap literasi keuangan dan inklusi keuangan pada generasi milenial. Penelitian ini menggunakan simple weigth method yang dikembangkan oleh Sarma (2008). Dari 300 responden, indeks literasi keuangan berada di angka 65,31% dan inklusi keuangan menunjukkan angka 64,19%. Berdasarkan hasil regresi, aktivitas fintech seperti transaksional maupun keuangan informasional tidak memengaruhi literasi keuangan. Namun, masuknya tiga variabel demografi yang terkait dengan penggunaan teknologi keuangan menunjukkan bahwa usia dan jenis kelamin mempengaruhi literasi keuangan. Sedangkan aktivitas fintech berupa transaksional dan informatif, serta literasi keuangan mempengaruhi inklusi keuangan. Namun tidak halnya dengan tiga variabel demografis (usia, jenis kelamin, tingkat pendidikan).
Financial Literacy And Individual Financial Decision Among Millennials In Indonesia After Covid-19 Vinsensius Willson Limantoro; Sylviana Maya Damayanti
Cakrawala Repositori IMWI Vol. 6 No. 5 (2023): Cakrawala Repositori IMWI
Publisher : Institut Manajemen Wiyata Indonesia & Asosiasi Peneliti Manajemen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52851/cakrawala.v6i5.508

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At the end of 2019, the world was hit by the COVID-19 which caused restrictions on the activities of the world citizens. As a result of this pandemic, many people have lost their jobs and developments in technology (including fin-tech) are accelerating. Because many people have lost their jobs and find difficult to get income to survive, many people are using technology to find income. However, due to a lack of understanding of the technology used, many have been exposed to fraud or loss. This research was conducted to assess the financial literacy of millennials in Indonesia and its influence on individual financial decision, what factors affect the level of financial literacy, and how to increase the level of financial literacy of millennials. This research was conducted by processing data using Microsoft Excel and regression using SPSS from 403 respondents regarding 5 demographic questions (gender, age, occupation, last education, monthly income), 10 questions regarding financial literacy (budget planning, consumption, saving, investment, risk management), and 16 questions regarding individual financial decisions (consumption, saving, investment). The results of this research are: (1) there is a significant positive effect between the level of financial literacy and individual financial decisions. (2) there is a significant negative effect between gender and the level of financial literacy. (3) there is a significant positive effect between age, last education, and monthly income on the level of financial literacy. (4) there is no influence between occupation and level of financial literacy.
Investment decision analysis of heavy equipment at PT Mandrosa Sukses Haris Santoso; Sylviana Maya Damayanti
Jurnal Mantik Vol. 7 No. 4 (2024): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v7i4.4541

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Excavators are one type of heavy equipment that enables a variety of tasks such as digging, trenching, excavating, and loading trucks.  It also helps move, lift, and place materials, such as stone and drainage products. Therefore, excavators are considered the most important heavy equipment in road construction projects. This research analyzed the feasibility of investment by calculating financial indicators in PT Mandrosa Sukses. This research aimed to determine and assess the feasibility of the excavator investment quantitatively from the financial aspect. This research used the quantitative approach to fulfill the research objectives. The parameters used to review these investments are the Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Benefit Cost Ratio (BCR) methods. The analysis generates an NPV of IDR 597,874,848, an IRR of 26.23%, and a Payback Period of 4.08 years. Based on the cost benefit analysis, the purchasing option results in a BCR of 1.08 and the renting option results in a BCR of 1.02. it can be concluded that purchasing an excavator is a better option than renting an excavator
Enhancing PT AJSE Life Insurance Business Growth Using the Digital Platform Through the Success of Major Indonesia’s Insurance Companies Yunika Adiyono; Kinsenary Tjendrasa; Sylviana Maya Damayanti
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v8i12.14544

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The COVID-19 pandemic profoundly affected Indonesia's economy, particularly its insurance industry, leading to a surge in Digital Financial Innovation (DFI) and Financial Technology (Fintech). Despite a low insurance coverage rate of 3.18% in 2021, the Financial Services Authority (OJK) is advocating for technological integration. This research aimed to reforecast PT AJSE's financial performance amid the digital transformation in insurance, analyzing data from 2018 to 2022 from top life insurance players and employing quantitative methods to forecast PT AJSE future performance. The results indicate that DFI has enhanced profitability in top life insurance companies, suggesting significant benefits for PT AJSE, a small insurer with growth potential. By adopting DFI, PT AJSE could see improvements in income and assets, with three projected scenarios showing varied outcomes. The study recommends that PT AJSE strategically integrate DFI into its operations, enhance digital marketing skills among employees, develop customer-centric digital services, and leverage its association with a major e-commerce platform for market penetration.
Assessing Business Viability for a Production Joint Venture in the Indonesian Medical Device Industry Maryadi, Martya Putri; Damayanti, Sylviana Maya
Journal of Business and Management Review Vol. 5 No. 9 (2024): (Issue-September)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr.v5i9.1110

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Research Aims: This study examines the viability of a joint venture between Daenamic Health Inc., a South Korean medical device manufacturer, and PT. Kenari Jaya Perkasa, an Indonesian medical device importer, to establish a local production facility for high-end medical devices in Indonesia. Design/methodology/approach: The research follows a structured approach involving the analysis of business model compatibility, external market dynamics, and the financial and operational viability of the joint venture. Employing qualitative analysis from discussions, VRIO Framework, and quantitative analysis from Analytic Hierarchy Process (AHP), the study evaluates market conditions and strategic fit between the partners. Research  Findings: Findings indicate that Daenamic Health Inc. and PT. Kenari possess complementary strengths, forming a synergistic partnership poised to become a leading local brand for high end medical technology, as well as enabling access to more export market. Motivated by the need to reduce Indonesia's dependency on import, especially highlighted during the COVID-19 pandemic, this venture aligns with government policies to enhance local manufacturing and healthcare infrastructure.  However, challenges such as navigating regulatory landscapes, managing a layered cost structure, and training local human capital must be addressed. Theoretical  Contribution/Originality: Preliminary assessment for the joint venture’s establishment helps the partners to comprehensively assess their internal situation both as individual business and as future partners, prior to capitalizing the opportunity that comes with Indonesia’s vision towards healthcare self-sufficiency. As a result, partners’ synergistic strengths and aligned individual business needs positions the venture for competitive pricing and expansion in Southeast Asia and beyond. Keywords: Medical Devices; Joint Venture; Local Manufacturing; Market Dynamics; Strategic Fit
Co-Authors Aaron Kevin Sammy Tatengkeng Adrian Satrioutomo Afan Wahyu Syafii Arinda Mentari Putri Arry Akhmad Arman Arry Akhmad Arman Astari, Yen Syifa Aulia Rinald Muhammad, Aulia Rinald Barelvi Ghazy Daffa Bayu Indra Wibiksana Bo, Liu Danial David Anwar Dini Lestari Dini Lestari, Dini Dwiarso, Adhi Priyo Edward Veldman Erman Arif Sumirat Erman Arif Sumirat Erman Sumirat Fahmmy Herdiansyah Heryadi Fakhru Umam Firmansyah Arifin, Firmansyah Gatot Yudoko Gerry Julian Agusty, Gerry Julian Gina Dwi Jayanthi, Gina Dwi Handayani, Fanty Haris Santoso Herlien Dwiarti Soemari Hidavat, Agustini Hidayat Ihsan Abditama, Hidayat Ihsan Indra Wibiksana, Bayu Irma Damajanti Isrochmani Murtaqi Isrochmani Murtaqi Jagat Prirayani Jagat Prirayani Jane Julia Mulyono Jonathan, Filbert Jota, Astrid Laregan Karenina, Melita Jenar Kevin Hanafi Kinsenary Tjendrasa Lubis, Khayruna Maryadi, Martya Putri Mico Suryo Atmahadi Muhaimin Hasbi Muhammad Yusuf Ali Mulya Amri Mulyono, Jane Julia Nadhila Dzikrina Yusuf Nugraha Yanureza Raeputranto Nugroho, Edwin Adi Octaviani Ratna Sari Santoso Oeshya Lubis, Rizki Padmodipoero, Faya Daffani Awinatama Pratama, Aditya Firza Purwaningrum, Rr Diah Asih Putranto Wicaksono, Adhi Putri, Arinda Mentari Putri, Gaitsa Farah Zahira Ralang Argi Barus Richlah Nia Rico Wanardijaya Rifqi, Audi Rizaldi Zakarias Rizky Andri Ulaan, Aldi Rohmat Agung Sholehuddin, Rohmat Agung Rupiani, Dewi Salsabilla, Zahra Samsu Wibowo, Putri Maharani Santoso, Octaviani Ratna Sari Saraya, Getha Senator Kramadibrata, Senator Siahaan, Uke Marius Subiakto Soekarno Subiakto Soekarno Sudarso Kaderi Wiryono Sumirat, Erman Arif Syaputra, Arifa Rizki Theodorus Tio Wibowo Tinton S, Bonifacius Perdana Turas Hari Mukti, Turas Hari Uke Marius Siahaan Umam, Fakhru Vinsensius Willson Limantoro Wicaksana, Pramudya Wikaningtyas, Pratiwi Yudha Nugraha Wibisana, Yudha Nugraha Yudi Abdillah Sobrizal Yunika Adiyono Zico Andrea Aripratama