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Increasing Financial Management Awareness of Indonesian Immigrant Workers in Taiwan Through Training Activities Ignatius Oki Dewa Brata; Bunga Indah Bayunitri; H. R. Roosaleh Laksono T. Y.; Eriana Kartadjumena
IJECS: Indonesian Journal of Empowerment and Community Services Vol. 6 No. 1 (2025): IJECS: Indonesian Journal of Empowerment and Community Services
Publisher : Universitas Veteran Bangun Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32585/ijecs.v6i1.5222

ABSTRACT Limited understanding of financial management among Indonesian migrant workers (IMWs) in Taiwan often leads to financial instability, both during their employment and after returning home. One of the main contributing factors is the lack of access to financial education. This community service program aims to enhance the financial awareness and management skills of IMWs through a series of structured training activities. The method involved five key stages: needs assessment, material preparation, training implementation, mentoring, and outcome evaluation. The training included interactive lectures, financial simulations, and group discussions. The results showed a significant improvement in participants' understanding of basic financial management, debt control, and long-term financial planning, supporting their path toward financial independence. Kata kunci: Indonesian migrant workers, financial training, community service, financial awareness, Taiwan.

Pathways to Financial Stability: Insights from Indonesia Tetty Lasniroha Sarumpaet; Bunga Indah Bayunitri; Irene Sukma Lestari; Dinayanti Zanetta; Sarah Lutfiah Zahra
INVEST : Jurnal Inovasi Bisnis dan Akuntansi Vol. 7 No. 1 (2026): INVEST : Jurnal Inovasi Bisnis dan Akuntansi
Publisher : Lembaga Riset dan Inovasi Al-Matani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55583/invest.v7i1.2086

This study examines the effects of financial literacy, financial behavior, and financial stress on financial well-being among low-income individuals in Indonesia. It also investigates the mediating role of financial behavior in the relationships between financial literacy, financial stress, and financial well-being. Using a quantitative approach, data were collected through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that financial literacy positively influences both financial well-being and financial behavior, highlighting the important role of financial knowledge in improving individuals’ financial conditions. In contrast, financial behavior does not significantly influence financial well-being, suggesting that responsible financial practices alone may not be sufficient to improve financial outcomes among low-income groups facing structural economic constraints. The study also reveals that financial stress has a positive relationship with financial well-being and financial behavior, although these findings differ from the hypothesized direction and therefore require careful interpretation. Furthermore, financial behavior does not mediate the relationships between financial literacy, financial stress, and financial well-being. These findings emphasize the dominant direct role of financial literacy in enhancing financial well-being among economically vulnerable populations. This study contributes to the financial well-being literature by demonstrating that financial behavior does not always function as an effective transmission mechanism in low-income contexts. Practically, the study suggests that financial education programs should focus on strengthening financial knowledge, financial confidence, and decision-making capacity while also addressing structural financial challenges faced by low-income individuals.

Pathways to Financial Stability: Insights from Indonesia Tetty Lasniroha Sarumpaet; Bunga Indah Bayunitri; Irene Sukma Lestari; Dinayanti Zanetta; Sarah Lutfiah Zahra
INVEST : Jurnal Inovasi Bisnis dan Akuntansi Vol. 7 No. 1 (2026): INVEST : Jurnal Inovasi Bisnis dan Akuntansi
Publisher : Lembaga Riset dan Inovasi Al-Matani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55583/invest.v7i1.2086

This study examines the effects of financial literacy, financial behavior, and financial stress on financial well-being among low-income individuals in Indonesia. It also investigates the mediating role of financial behavior in the relationships between financial literacy, financial stress, and financial well-being. Using a quantitative approach, data were collected through structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that financial literacy positively influences both financial well-being and financial behavior, highlighting the important role of financial knowledge in improving individuals’ financial conditions. In contrast, financial behavior does not significantly influence financial well-being, suggesting that responsible financial practices alone may not be sufficient to improve financial outcomes among low-income groups facing structural economic constraints. The study also reveals that financial stress has a positive relationship with financial well-being and financial behavior, although these findings differ from the hypothesized direction and therefore require careful interpretation. Furthermore, financial behavior does not mediate the relationships between financial literacy, financial stress, and financial well-being. These findings emphasize the dominant direct role of financial literacy in enhancing financial well-being among economically vulnerable populations. This study contributes to the financial well-being literature by demonstrating that financial behavior does not always function as an effective transmission mechanism in low-income contexts. Practically, the study suggests that financial education programs should focus on strengthening financial knowledge, financial confidence, and decision-making capacity while also addressing structural financial challenges faced by low-income individuals.

Predicting Indonesia Banking Financial Distress Using Ibar Z-Score Before and After Covid 19 Irene Sukma Lestari Barus; Tetty Lasniroha Sarumpet; Bunga Indah Bayunitri
Jurnal Ilmiah Akuntansi Kesatuan Vol. 14 No. 1 (2026): JIAKES Edisi Februari 2026
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v14i1.4890

Financial distress poses a significant threat to the stability of the banking sector, especially during periods of economic uncertainty such as the Covid-19 pandemic. This study examines financial distress in Indonesian commercial banks before and during the pandemic using the IBAR Z-Score model, which integrates CAMEL and RGEC indicators. Employing a quantitative explanatory approach with panel data from 32 banks, analyses included paired t-tests, multivariate discriminant analysis, and binary logistic regression. Findings show that 68.75% of banks were distressed pre-pandemic, decreasing to 56.25% during the pandemic, with no significant overall difference between periods. Non-Performing Loans (NPL) consistently emerged as the key distress determinant, alongside Loan to Deposit Ratio (LDR), leverage, return on equity, and Capital Adequacy Ratio (CAR) pre-pandemic, and LDR, NPL, and return on assets during the pandemic. The IBAR Z-Score demonstrated high accuracy and sensitivity to systemic shocks, confirming its utility as an early warning tool. The results offer empirical support for regulators to enhance risk-based supervision and suggest incorporating macroeconomic indicators in future predictive models, contributing to both theory and practice in banking risk management.

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