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All Journal JURNAL ECONOMIA REKA JIVA Jurnal Media Wahana Ekonomika MIX : Jurnal Ilmiah Manajemen IMAGE JURNAL ILMU MANAJEMEN DAN BISNIS Journal of Business Management Education (JBME) Jurnal Ilmiah Ekonomi Islam Jurnal Manajemen & Keuangan Perspektif : Jurnal Ekonomi dan Manajemen Universitas Bina Sarana Informatika Jurnal Riset Akuntansi dan Keuangan Agregat: Jurnal Ekonomi dan Bisnis PRODUCTUM : Jurnal Desain Produk (Pengetahuan dan Perancangan Produk) Jurnal Neraca: Jurnal Pendidikan dan Ilmu Ekonomi Akuntansi Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan International Journal of Social Science and Business JIKA: Jurnal Ilmu Keuangan dan Perbankan International Journal of Applied Business Research Jurnal Pendidikan Akuntansi dan Keuangan JIPI (Jurnal Ilmiah Penelitian dan Pembelajaran Informatika) The International Journal of Business Review (The Jobs Review) JITMI (Jurnal Ilmiah Teknik dan Manajemen Industri) Value: Jurnal Manajemen dan Akuntansi ACCOUNTHIK : Journal of Accounting and Finance JASF (Journal of Accounting and Strategic Finance) BENING Jurnal Riset Bisnis dan Manajemen Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) GUYUB: Journal of Community Engagement Jurnal Computer Science and Information Technology (CoSciTech) International Journal of Research in Community Services Bisnis Net : Jurnal Ekonomi dan Bisnis Jurnal Komunikasi dan Media Jurnal Akuntansi Bisnis Pelita Bangsa Jurnal Riset Ilmu Ekonomi Warisan: Journal of History and Cultural Heritage Journal Evaluation in Education (JEE) International Journal Software Engineering and Computer Science (IJSECS) Share: Jurnal Ekonomi dan Keuangan Islam PEMA: Jurnal Pendidikan dan Pengabdian Kepada Masyarakat Jurnal Teknik Mesin Sinergi Media Ekonomi Indonesian Journal of Construction Engineering and Sustainable Development Mitra Abdimas: Jurnal Pengabdian kepada Masyarakat Jurnal Pengabdian Masyarakat Bangsa Jurnal Keuangan dan Bisnis Land Journal Prosiding Seminar Hasil Penelitian dan Pengabdian Kepada Masyarakat De Cive : Jurnal Penelitian Pendidikan Pancasila dan Kewarganegaraan Jurnal Pengabdian Sosial Fokus Bisnis: Media Pengkajian Manajemen dan Akuntansi Indonesian Journal of Community Empowerment Antropocene : Jurnal Penelitian Ilmu Humaniora Journal of Engineering and Transportation (JET) JURNAL AKUNTANSI, AUDITING DAN KEUANGAN SYARIAH Jurnal Wacana Kinerja: Kajian Praktis-Akademis Kinerja dan Administrasi Pelayanan Publik Innovative Research in Civil and Environmental Engineering (IRCEE) Serat Rupa: Journal of Design
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Journal : IMAGE

Analisis Komparasi Metode CAPM dan APT dalam Memprediksi Return Saham LQ45 2019-2021 Hartono, Pierdijono; Nugraha, Nugraha; Heryana, Toni; Medidjati, R. Adam
Image : Jurnal Riset Manajemen Vol 11, No 2 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.020

Abstract

The investment climate is developing rapidly in Indonesia, many people are interested in investing, and the capital market is a common and legal place to invest. In investing, stocks are one of the long-term financial instruments traded on the capital market. The goal of investors in stock investment is to obtain the maximum stock return with a certain risk. Financial experts have developed two approaches to predict return on investment based on risk and use certain macroeconomic variables, the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). This study aims to determine the best model between the CAPM and APT in determining the expected return on shares of companies that are members of the IDX LQ45 for the period 2019-2021. Data is processed using Unbalance Data Panel Analysis with the Eviews application. The results of data processing show that the CAPM method is more precise or accurate than the APT method.
A Survey of Banks in Ghana's Credit Risk Management Practices Dabi, Rowland Seyram Koku; Nugraha, Nugraha; Disman, Disman; Sari, Maya
Image : Jurnal Riset Manajemen Vol 11, No 1 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.005

Abstract

In recent times, banks and other financial institutions that lend money to customers have placed a high priority on credit risk management. To manage credit risk, banks employ customer evaluation systems, loan size restrictions, credit checks, flexible loan repayment plans, and fines Hence, the present study focuses on  the credit risk management practices used in banks, to identify the internal control measures used in mitigating  credit risk in banks and to examine the challenges faced in implementing credit risk management practices. The Ordinal Logistic Regression(OLR) was used to identify the relationships between the response variables, e.g. management support, credit risk identification, internal control measuers and credit risk management surveys. The independent variables were calculated on an ordered, 5-point Linear scale for the responding participants. In this study,  log lit function was chosen, that demonstrated the model appropriateness. One of the main finding is that in banks, credit management risk is reduced when managers implement and adhere to responsible credit risk management procedures, viable client appraisal credit management system, regular credit checks, flexible credit repayment systems to encourage and improve loan repayment, were highly significant with the respondents’ positive initiative amidst credit risk management practices in banks.
Overconfidence and Herding: How These Biases Affect Generation Z Investments Decision Making Yuliawati, Tia; Nugraha, Nugraha; Sari, Maya; Waspada, Ikaputera; Purnamasari, Imas; Hendrayati, Heny; Muhamat, Amirul Afif
Image : Jurnal Riset Manajemen Vol 12, No 1 (2024): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2024.012

Abstract

The purpose of this study is to understand and analyze the impact of overconfidence bias and herding bias on the investment decisions of Generation Z. This research employs a survey method with a confirmatory approach. Data was collected from a sample of 104 respondents through questionnaires distributed via Google Form. Hypothesis testing was conducted using SEM Analysis with the assistance of SmartPLS 4.0 software. The results of the study indicate that overconfidence bias has a positive and significant influence on the investment decisions of Generation Z, while herding bias does not have a significant influence. Furthermore, this research reveals that the variables of overconfidence bias and herding bias can explain 45.4% of the variation in the investment decisions of Generation Z. However, it is important to acknowledge the limitations of this study, such as the relatively small number of respondents (only 104 respondents) and the absence of comparative analysis with demographic factors of other generational groups (e.g., older generations). This study is expected to provide deeper insights into the investment behavior of Generation Z and serve as a foundation for the development of wiser risk and financial management approaches for this demographic group.
Financial Literacy Among Female Entrepreneurs in Ghana: Evidence from Traditional Markets Ahiase, Godwin; Sari, Maya; Nugraha, Nugraha; Andriana, Denny; Kpodo, Percy Chris; Ampomah, Philipina
Image : Jurnal Riset Manajemen Vol 12, No 1 (2024): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2024.003

Abstract

This study examines the financial behaviour and utilisation of e-finance among female entrepreneurs in traditional marketplaces in Ghana. The researchers collected data from 385 female entrepreneurs using a quantitative research method. The data was collected through a descriptive survey design and analysed using ordinary least squares regression models. The results show significant correlations between e-finance adoption, financial literacy, and financial behaviour. This highlights the importance of financial literacy in enabling women to participate in the market. The study also found that financial literacy had a greater impact on the financial behaviour of younger women, suggesting the need for targeted interventions that leverage technology. Additionally, the study found that the level of education had a significant impact on the adoption of electronic finance. This emphasises the importance of improving digital literacy to bridge the skills divide. Based on these findings, the study suggests the need for tailored financial education programmes and comprehensive initiatives to promote responsible financial practices and the adoption of modern financial technologies by female entrepreneurs in traditional markets.
Kinerja Dilihat dari Perspektif Kepemimpinan Militer dan Budaya Organisasi Yogaswara, Andrey Satwika; Disman, Disman; Ahman, Eeng; Nugraha, Nugraha
Image : Jurnal Riset Manajemen Vol 11, No 2 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.013

Abstract

This study aims to determine the role of military leadership and organizational culture on leaders' performance in the TNI AD Military Police unit. The approach used is descriptive verification with multiple regression methods. The population in the study were 69 POMDAM and DENPOM commanders throughout Indonesia. Data collection used a questionnaire distributed via google forms in one data collection (cross-sectional method). Military leadership variables are measured by task-oriented, relationship-oriented, change-oriented, and external dimensions. Organizational culture variables are measured using the dimensions of individual behavior, norms, dominant values, philosophy, applicable regulations, and organizational climate. Meanwhile, the TNI Commander's regulations measure the leader's performance, including quantity, quality, creativity, cooperation, initiative, and personal qualities. The findings show that military leadership and organizational culture significantly affect leadership performance, partially or simultaneously. Military leadership, which is a projection of the personality and character of a leader to make his subordinates do what is asked, can explain performance. Oath-based military culture includes matters such as commitment, values, and behavior which are elements in the culture that play a role in improving the performance of every level of personnel in the organization.
Percepatan Struktur Modal Perusahaan Sektor Kesehatan Indonesia Bandawaty, Euis; Nugraha, Nugraha; Disman, Disman; Sari, Maya
Image : Jurnal Riset Manajemen Vol 11, No 1 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.008

Abstract

The aim of this research is to determine the influence of profitability, growth opportunities, liquidity, cash flow volatility, earning volatility and the magnitude of the acceleration of the capital structure of health sector companies in Indonesia in 2010-2022. The data analysis used is a dynamic capital structure model with a Partial Adjustment Model (PAM) approach which involves lag variables, determining factors of optimal capital structure and acceleration of capital structure in one equation. PAM model parameter estimation uses GMM with the aim of overcoming the problem of endogeneity. The GMM model test results show consistent, valid and unbiased. So the health sector company data is in accordance with the dynamic capital structure model, which is indicated by the coefficient value of the lag variable of 0.5821 which is smaller than 1 which is significant at an alpha of 0.05. The company's response to returning to an optimal capital structure is shown by an acceleration value (SOA) of 41.79%, with a time period of 1.3 years. Performance factors that have a negative influence on optimal capital structure are growth opportunities, liquidity and earnings volatility. Cash flow volatility has a positive influence. Meanwhile, profitability has no influence on optimal capital structure.
Keragaman Gender di Dewan Komisaris dan Risiko Perusahaan: Perspektif Teori Agensi Perilaku Medidjati, R Adam; Nugraha, Nugraha; Heryana, Toni; Hartono, Pierdijono
Image : Jurnal Riset Manajemen Vol 11, No 2 (2023): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image.2023.014

Abstract

The purpose of this study is to verify the influence of gender diversity in the Board of Commissioners on the financial risks of the company from the perspective of behavioral agency theory, where the presence of gender diversity in the board of commissioners can improve the ability of the board of commissioners to manage company risks. However, there is also the possibility that gender diversity on the board of commissioners may increase the company's risk. This can happen if there is a conflict between members of the board of commissioners of different genders, thereby disrupting the smooth decision-making process. The company's financial risk indicators measured in this study are Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR). This research study was conducted on companies incorporated in LQ45 with a research period from 2015 to 2020 as many as 51 companies. This study was conducted using secondary data and the data was processed using unbalanced panel data regression with the help of the EVIEWS 12 application. The results of this study show that gender diversity in the Board of Commissioners has a significant effect on DAR where an increase in the composition of the number of men will reduce DAR by -0.53 this means that gender diversity will increase the company's risk in DAR indicators. But on the contrary, this gender diversity does not have a significant effect on DER.
Ghana Local Government Procurement: A Path Towards Fairness, Efficiency and Transparency Awudu, Shaibu; Nugraha, Nugraha; Sari, Maya; Furqon, Chairul; Yuliawati, Ayu Krishna
Image : Jurnal Riset Manajemen Vol 12, No 2 (2024): Image : Jurnal Riset Manajemen
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/image/2024.029

Abstract

The development of fashion trends has undergone major changes performance in Ghana's local government procurement, taking into account government regulations, supplier capacity and capability, procurement transparency, and supplier diversity. The ordinary least squares regression technique was employed to statistically evaluate data from procurement stakeholders. Our research demonstrates that transparent tools enhance supplier satisfaction and performance without affecting perceptions of justice. Conversely, strict government procurement regulations significantly improve perceptions of fairness as well as supplier satisfaction and performance. Supplier capacity and capability disparities adversely affect the results, while diversity programs do not significantly impact either outcome. The results indicate that suppliers are more content and perform better when strict restrictions and transparency mechanisms are in place. However, inadequate execution of diversity policies and competence discrepancies undermine fairness and engagement. This research supports the resource-based view theory, which contends that robust procurement regulations are essential for achieving long-term success. Legislators should prioritize capacity-building programs and diversity initiatives to ensure successful and equitable procurement procedures. This research is distinctive in that it surpasses the conventional compartmentalized approach by conducting a comprehensive and concurrent analysis of a multitude of procurement aspects. This comprehensive approach, which illuminates the interplay between numerous factors, has the potential to enhance public procurement policy and strategy.
Co-Authors A.M., M. Dzikron Aaf Saefurrohman, Aaf Abdul Rozak Acep Iwan Saidi adang badru jaman,anggun fergina, adang badru jaman,anggun fergina Adhistian, Patria Adilah, Siti Agung, Rendi Marta Agustini, Kamelia Ahiase, Godwin Ahmad Fuad Alam, Muhammad Nur Alamsyah, Indra Fajar Alamsyah, Zaenal Alghifari, Erik Amanda Putri Nahumury Amelia, Tia Amelia, Tia Ampomah, Philipina Andriana, Denny Antony, Rian Apriadi, Tedi Arnu, Anggi Pasca Arrazaq, Naufal Raffi Arvian Triantoro Astuti, Anita Dewi Astuti, Hesti Kusuma Aulia Nazala Ramadhani, Aulia Nazala Awudu, Shaibu Baihaqqy, Mochammad Rizaldy Insan Bakhri, Syaeful Bambang Endro Yuwono Budi Purnomo Chairul Furqon, Chairul Chaznin R.M, Chaznin Cintya, Hedi Amelia Bella Dabi, Rowland Dabi, Rowland Seyram Koku Dangi, Dangi Dasril, Yuki Dwi Darma Dewantari, Nuryunita Dewi Shofi M., Dewi Dewi, Friesty Paramitha Dian Kurnianingrum, Dian Diki Wahyu Nugraha Disman, Disman Edwin Widia Eeng Ahman, Eeng Effendi, Marwan Elsa, Yulandri Euis Bandawaty Fauzianty, Sany Noor Fibiona, Indra Hadi, Faizal Susilo Handoyo, Agus F Handoyo Hardiana, Dian Hardjadi, Dikdik Hartono, Pierdijono Harun, Muhammad Fiqri Hasbi, Imanudin Heny Hendrayati Herdiana, Wyna Herilna Herlina, Herilna Heryana, Toni Hidayat Arif Nur, Muhaimin Hilda Syaidatul Ulfah, Hilda Syaidatul Ida Ayu Putu Sri Widnyani Ikaputera Waspada, Ikaputera Ikhsan, Sugiyanto Imas Purnamasari Ina Ratnasari, Ina Insany, Gina Purnama Iqbal Lhutfi Irawan, Rini Larasati Irvan, Bagus Iskandar, Alyanissa Putri Ismail, Hariadi Jahidah, Nurul Siti Jayawarsa, A.A. Ketut JB. Yurahman, JB. Yurahman Jefri Khairunnas, Jefri Kartikaningsih, Dewi Kastanya, Grace Khay, Khay Kpodo, Percy Chris Krishna Yuliawati, Ayu Kumara, Gatot Kunta Kurnia, Ika Famela Kurniawan, Fakhry Hafiyyan KUSNANTO, DANANG Lekettey, Edem Leni Yuliyanti, Leni Lestari, Siska Nurazizah Lestary, Lena Luckyardi, Senny Luqman, Citra Aisyah Marbun, Tonggo Mardiani, Rika Masgo, Masgo Maulana, Mahbub Afini Maya Sari Mayasari Mayasari, Mayasari Medidjati, R Adam Medidjati, R. Adam Meta Arief, Meta Mr. Dodi Muhamat, Amirul Afif Muhammad Afif Mulyana, Dendi Munir Nur Komarudin Mustikasari, Hany Naiya, Naiya Nasrudin Nasrullah, Baso Nasution, Toni Ningrum, Azizah Puspa Nkansah, Obed Kwabina Opoku Nur Apandi, R Nelly Nurdiani, Mia Silmi Nurtanti, Azizah Pambudi, Wahyu Parwati, Lusiana Sani Pasha, Riska Ayu Permatasari, Zulia Nur Pinayani, Ani Pranata, Rengga Madya Pratiwi, Irma Dwi Prawatiningsih, Desty Priyo Wibowo, Priyo Purnomo, Budi S Qiswatun Mukhoyyaroh Rahim, Sarah Aulia Rahman, Zaidan Al Rezi Fandiyansyah, Muh Rina Maria Hendriyani Rita Purnamasari Ruri Mutiara Ayuni Ryan Maulana SA, Erik Saffira, Allya SANTOSO SANTOSO Satria, Rita Siman, Siman Simatupang, Frido Sarita Sinderela, Moriska Situngkir, Tiar Lina Solihat, Asri solikin, ikin Subaryana Subaryana, Subaryana Sugiharti, Harpa Sugiharto, Nur Aziz Sugiyanto - Supiyadi, Dedi Supriatna, Yayat Supriyono Supriyono Surochman, Arief Sutanto, Dharma Adhi Sutardiyanta, Ihwan Sutisna, Ade Jaya Suwaryo, Niko Syafi, Muhammad Abiyu Syaharuddin Rasyid Syaifullah Syaifullah Tania, Adelia Septiani Restanti Tia Yuliawati Titik Respati Tri Sagirani Tugiman Tugiman Ujang Suherman, Ujang Suherman Umar Faruk Vigim, Jaqolina Anggraeni Vinda Maharani Patricia Warawiati, Nuni Ayu Wardana, Roihan Kusuma Widiarto, Tasya Evrillia Wijoyo, Sandy Gunarso Wulandari, Nuryuana Dwi Yanti Sri Rejeki Yasir Maulana Yayat Supriyatna Yogaswara, Andrey Satwika Yusup Junaedi Zahro, Siti