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The Role of Lifestyle in Moderating the Influence of Financial Literacy and Ease of Use on the Consumptive Behavior PayLater Users on Generation Z in Surabaya City Sakti, Angela Tiara; Anwar, Muhadjir
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 4 (2025): Dinasti International Journal of Economics, Finance & Accounting (September - O
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i4.4814

Abstract

Shopee PayLater is a fintech service frequently used nowadays, particularly among Generation Z in Surabaya. The ease of using this service makes many of Generation Z use it for consumptive purposes, but enough financial capability does not follow it. This study seeks to examine how financial literacy and user-friendliness impact consumer spending tendencies, with lifestyle serving as a moderating variable. This research adopts quantitative methods using primary data. Respondents in this research were Generation Z users of Shopee PayLater in Surabaya. A total of 112 respondents were selected through a non-probability sampling technique, then analyzed with SEM-PLS. The results showed that Financial Literacy has a positive influence on Consumptive Behavior. The level of ease of use contributes significantly to individual consumption patterns. Lifestyle acts as a factor that strengthens the relationship between financial literacy and consumer behavior. Conversely, lifestyle does not have a moderating effect on the relationship between ease of use and consumer behavior among Shopee PayLater consumers in Surabaya.
The Influence Of Herding And Overconfidence On Investment Decisions: The Moderating Role Of Risk Perception Among Investors In Surabaya Yustiawan, Arealdo Robiq; Anwar, Muhadjir
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12103

Abstract

This study analyzes the influence of herding and overconfidence on investment decisions, with risk perception as a moderating variable among young investors in Surabaya. A quantitative method was used with 100 purposively selected respondents. Data were gathered through structured questionnaires and analyzed using PLS-SEM via SmartPLS 4.0. Results show that herding and overconfidence significantly and positively influence investment decisions. However, risk perception does not moderate the effect of herding, indicating that social factors may outweigh individual risk awareness. In contrast, risk perception significantly weakens the impact of overconfidence, suggesting that risk-aware investors are more cautious and rational. These findings align with the Theory of Planned Behavior, emphasizing the role of perceived behavioral control. The study highlights the importance of addressing behavioral biases and risk perception in financial education to support better investment decision-making.
PERAN KEPERCAYAAN DALAM MEMODERASI PENGARUH PERSEPSI RISIKO DAN LITERASI DIGITAL TERHADAP ADOPSI QRIS PADA GENERASI Z DI KABUPATEN SIDOARJO Firnanda, Ahmad Bima; Anwar, Muhadjir; Warmana, G. Oka
MANAJEMEN DEWANTARA Vol 9 No 2 (2025): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v9i2.19874

Abstract

This study aims to analyze the influence of risk perception and digital literacy on the adoption of QRIS (Quick Response Code Indonesian Standard), with trust as a moderating variable among Generation Z in Sidoarjo Regency. This study adopts the Technology Acceptance Model (TAM) as its theoretical framework. A total of 100 respondents were selected using purposive sampling. The data were analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The results show that both risk perception and digital literacy have a positive and significant effect on the adoption of QRIS. However, trust does not significantly moderate the relationship between risk perception or digital literacy and QRIS adoption. These findings suggest that trust neither strengthens nor weakens the influence of the two independent variables on QRIS adoption among Generation Z in Sidoarjo Regency.
Optimalisasi Media Sosial Sebagai Media Edukasi dan Promosi Webinar Online di PT. Naruna Karya Bersama Ardani, Fadila Naura; Anwar, Muhadjir
Al Khidma: Jurnal Pengabdian Masyarakat Al Khidma Vol. 5 No. 2 Juli 2025
Publisher : Sekolah Tinggi Ilmu Al-Qur'an (STIQ) Amuntai Kalimantan Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35931/ak.v5i2.5308

Abstract

Kegiatan pengabdian ini bertujuan untuk mengoptimalkan penggunaan media sosial, khususnya Instagram, sebagai media edukasi dan promosi pada akun @bumil_pintar milik PT. Naruna Karya Bersama. Kegiatan ini dilakukan melalui beberapa tahapan strategis, mulai dari observasi terhadap performa konten yang telah ada, penyusunan perencanaan konten yang relevan dengan kebutuhan target audiens, penjadwalan unggahan secara teratur menggunakan Meta Business Suite, hingga evaluasi berkala melalui fitur Instagram Insight. Hasil kegiatan menunjukkan adanya peningkatan signifikan dalam frekuensi unggahan, jangkauan audiens, dan tingkat interaksi, terutama setelah pemanfaatan konten edukatif, visual yang menarik, serta fitur Reels yang terbukti mampu meningkatkan daya tarik. Selain itu, komunikasi lanjutan melalui WhatsApp memberikan bukti bahwa media sosial berperan efektif sebagai jembatan komunikasi antara perusahaan dan calon pelanggan. Optimalisasi ini memperkuat fungsi Instagram tidak hanya sebagai sarana promosi, tetapi juga sebagai media informasi yang membangun kedekatan, kepercayaan, dan loyalitas audiens secara berkelanjutan.
The Role of Trust In Mediating Personal Selling and Customer Experience Towards The Decision To Save at BPR Syariah: Study at BPRS Baiturridha Pusaka-Bandung Hindun, Kiftiah; Anwar, Muhadjir; Purwanto, Sugeng
Economics and Business Journal (ECBIS) Vol. 3 No. 6 (2025): September
Publisher : PT. Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ecbis.v3i6.244

Abstract

This research is motivated by the importance of building customer trust inencourage customer interest and decisions to save regularly at BPR Syariah, especially through strengthening personal selling marketing communication strategies and positive service experiences. The main theory underlying this research is the Theory of Planned Behavior (TPB). This research aims to analyze (1) the influence of personal selling on saving decisions, (2) the influence of customer experience on saving decisions, (3) to determine whether trust mediates the relationship between personal selling and saving decisions, (4) to determine whether trust mediates the relationship between customer experience and saving decisions at BPRS Baiturridha Pusaka-Bandung. This study uses a quantitative approach through the Structural Equation Modeling–Partial Least Squares (SEM–PLS) method. The sample consisted of 120 active customer respondents of BPRS Baiturridha Pusaka-Bandung selected using a probability sampling technique through a simple random sampling approach, where each member of the population has an equal chance of being selected as a respondent. Data collection was carried out through the distribution of structured questionnaires and analyzed using Smart PLS software version 3.0. The results of the study show that (1) Personal Selling does not influence the decision to save (2) Customer Experience has a positive and significant influence on the Decision to Save (3) Trust is not proven to significantly mediate the relationship between personal selling and the decision to save (4) Trust is proven to significantly mediate the relationship between customer experience and the decision to save. These findings confirm that in the context of BPR Syariah, positive customer experience is the main factor in forming trust and driving savings behavior
Analysis of Employee Performance with Organizational Commitment as an Intervening Variable in the Surabaya City Environmental Service Lutfy Ameilia; Akhmad Fauzi; Muhadjir Anwar
Indonesian Journal of Business Analytics Vol. 5 No. 4 (2025): August 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v5i4.15113

Abstract

The purpose of this study is to examine how organizational support and transformational leadership style affect worker performance at the Surabaya City Environmental Service, using organizational commitment as an intervening variable.  This study employs a survey method in conjunction with a quantitative approach.  Questionnaires were distributed to respondents who work for the Surabaya City Environmental Service in order to gather data.  With the use of SmartPLS software, structural equation modeling, or SEM, is the data analysis method employed.  According to the study's findings, (1) employee performance is not significantly impacted directly by transformational leadership, (2) employee performance is significantly positively impacted by organizational support, (3) organizational commitment can significantly mediate the impact of transformational leadership on employee performance, and (4) organizational commitment also significantly mediates the impact of organizational support on employee performance.  These results highlight how crucial organizational commitment is to raising employee performance through positive interactions among individuals, organizations, and leaders.
The Effect of Regeneration and External Knowledge on Business Survival Through Innovation Practices as Intervening Variables in MSME Crackers in Tanggulangin, Sidoarjo Regency Sahda Zerlinda; Muhadjir Anwar; Arief Bachtiar
Indonesian Journal of Business Analytics Vol. 5 No. 4 (2025): August 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v5i4.15114

Abstract

This study examines the impact of regeneration and external knowledge on business sustainability in the Tanggulangin cracker MSME in Sidoarjo Regency, by implementing innovation practices as a modification. This study uses a quantitative research approach and asks questions to 65 respondents who are MSME actors who have a perspective on the business regeneration succession process and regularly participate in training activities organized by the local government. By using SmartPLS 4.0 to analyze the data, the findings show that regeneration and external knowledge have a significant positive effect on business sustainability. This finding is consistent with the Theory of Planned Behavior, which states that intention is a function of three determinants: the first is personal, the second reflects social influences, and the third is related to control with problems. Intention plays a unique role in directing action, serving as a link between a person's deep beliefs and desires and specific actions.
The Influence of Investment and Company Growth on Increasing Firm Value Through Profitability Imelda Fadilah; Muhadjir Anwar
Global Management: International Journal of Management Science and Entrepreneurship Vol. 2 No. 3 (2025): August : International Journal of Management Science and Entrepreneurship
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/globalmanagement.v2i3.359

Abstract

The purpose of this research is to analyze the effect of investment and firm growth on the improvement of firm value, with profitability serving as a mediating factor. This study employs a quantitative research design using secondary data obtained from the Indonesia Stock Exchange (IDX). The population includes infrastructure sector companies listed on the IDX from 2021 to 2023, and purposive sampling was applied to select 29 companies, yielding a total of 87 firm-year observations. Path analysis with SPSS software was used to test the hypotheses and examine both direct and indirect relationships among the variables. The findings reveal that investment has a significant positive impact on firm value, indicating that firms with higher levels of investment tend to enhance their market valuation. Similarly, firm growth contributes positively to firm value, suggesting that sustainable expansion fosters greater investor confidence. Moreover, profitability is proven to mediate the relationship between investment and firm value, showing that the benefits of investment are maximized when they lead to improved profitability. Profitability also significantly mediates the relationship between firm growth and firm value, underscoring its role as a key driver in translating growth strategies into shareholder value. These results highlight the importance of profitability as a strategic element in strengthening firm value. Practically, the study suggests that managers should prioritize profitable investments and sustainable growth strategies to maximize firm value, while investors may consider profitability as a central indicator when evaluating firm performance.
INFLUENCE OF GREEN TRANSFORMATIONAL LEADERSHIP ON ENVIRONMENTAL PERFORMANCE THROUGH ENVIRONMENTAL KNOWLEDGE SHARING AND GREEN ORGANIZATIONAL CULTURE IN SURABAYA STATE UNIVERSITIES Sakti Noor Rachmat Ar-Ghaffar; Akhmad Fauzi; Muhadjir Anwar
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 2 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i2.3707

Abstract

The increasing severity of environmental problems requires higher education institutions to play an active role in implementing sustainable policies, one of which is Green Transformational Leadership (GTL). This study aims to analyze the effect of GTL on environmental performance (EP) based on student perceptions at state universities in Surabaya, with a focus on the mediating roles of environmental knowledge sharing (EKS) and green organizational culture (GOC). The study employs a quantitative, explanatory research approach. Data were collected via questionnaires from 179 students and analyzed using the partial least squares structural equation modeling (PLS-SEM) method to test the direct and indirect effects of the variables. The results showed that GTL contributes directly to EP, and then EKS mediates the influence of GTL on EP. GOC also mediates the influence of GTL on EP. Therefore, it is necessary to strengthen the role of GTL in higher education, as well as improve organizational culture and collaboration in sharing environmental knowledge, to support sustainable EP.
The Effect of Financial Attitudes on Financial Behavior with Financial Self-Efficacy as a Mediating Variable Khusaini, Imron Nur; Anwar, Muhadjir
East Asian Journal of Multidisciplinary Research Vol. 2 No. 12 (2023): December 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/eajmr.v2i12.6962

Abstract

Individuals need to manage and make decisions on their personal finances in order to meet their needs and have good financial behavior for good financial goals. Financial self-efficacy theory was studied to see the effect of financial attitudes on financial behavior. This study was conducted with the aim of: a) to determine the effect of financial attitudes on financial behavior in Management Students of UPN "Veteran" East Java; b) to determine the effect of Financial Self Efficacy on financial behavior in UPN "Veteran" East Java management students; c) to ascertain how Financial Self-Efficacy can act as a mediator between financial attitudes and financial behavior in UPN "Veteran" East Java management students.In this study, a Likert scale is used as a measurement tool in a quantitative approach method. This research technique is Partial Least Square (PLS). The sample was taken by random sampling technique with the number of samples determined by the slovin formula with an error rate of 10%. Data information used in the study, namely primary data and secondary data obtained from first sources specifically collected through questionnaires. The population of this study was 1639 UPN Veteran East Java Management Students from batches 2019 to 2022. 
Co-Authors Adi, Faisal Rahman Adisari, Alfigo Ahnaf, Ryan Akhmad Fauzi amalutstsani, wulida yusr Amin, Maulana Ferdy Ashshobuur Anissa Hafidza Pristi Annisa Ayu Salsabillah Ardani, Fadila Naura Arief Bachtiar Arkha Kunta Wijaya Trus Hayu Ayundha Evanthi Ayundha Evanthi Ayundha Evanthi Budianto, Damis Veri Cahyaningtyas, Berlin My Anggelita Pramesthi Damayanti, Titik Fanani Delyma Agusti Meitasari Devinta Nur Arumsari Dhani Ichsanuddin Nur Dianita Savitri Anggraeni Dita Wahyu Permata Sari Diyanti, Normalinda Dominikus Aditya Fitriyanto Dwi Kumalasari Eko Purwanto Eko Purwanto Eko Purwanto Eko Purwanto Eko Purwanto Eko Purwanto Ervanto, Khansa Florensa Evanthi , Ayundha Fabian Farandori Fani Khoirotunnisa Fatmala, Nur Indah Fendy Yulianto Firnanda, Ahmad Bima G. Oka Warmana G. Oka Warmana, G. Oka Gendut Sukarno Hanafi, Yogie Dwi Hardi, Ilham Herdiyanti, Azzahra Putri Heryandya, Dinandara Aliya Rahma Hindun, Kiftiah Ida Ayu Putu Sri Widnyani Iftikhar, Rahila Ignatia Martha Hendrati Imelda Fadilah Inola Gravinova Saputri Ira Wikartika Ira Wikartika, Ira Irgie, Rafi Keyko Kineta Endarwantika Khusaini, Imron Nur Kirono, Larasati Putri Laura Geovani Rumahorbo Lia Agustin Lia Agustin Lia Rizqy Wulantari LItausiil Rizqi LItausiil Rizqi Lutfy Ameilia Margono, Rizky Fernanda Maxymillianus Leo Meivira, Dira Muhammad Al Hakim Danurwindo Mumtazah, Muhammad Rizqi Muti'ah, Annisaul Mutiara Cindy Ramadhani Nadila Rizkiwati Ni'mah, Nailatun Ningrum, Khotija Hadi Nio Indra Satata Nirmalasari Nirmalasari Normalinda Diyanti Nur Alifa Misbach Nurhanani, Anjar Dyah Odelia, Evi Maya Orlando, Gerry Hutama Pebriasanty, Neny Dwi Permatasari, Salsabila Ayu Pitaloka, Nabella Rosa Anggun Prasetyo Moelyadi, Iman Puspitasari, Nawar Tri Putri, Nabilah A. Rahmatullah, Rendy Adetya Ramadhani, Novita Eka Aulia Ramadhani Revalasha, Niken Rezza Lutviana Suryahadi Rini, Hesty Prima Rizkiyati, Nelista Rizkyatul Nadhifah Sabda Alam Sahda Zerlinda Sakti Noor Rachmat Ar-Ghaffar Sakti, Angela Tiara Salsabila Ayu Permatasari Salsabillah, Annisa Ayu Shafiria Widyatamaka Shinta Arianti Shinta Arianti Sisilia Suci Yunitasari Suci Yunitasari Siti Aisyah Romadhoni Soetomo, Noro Garudomurti Sugeng Purwanto Tiara Indah Febiyanti Titik Fanani Damayanti Tri Kartika Pertiwi Wiwik Handayani Wulandari, Puput Yustiawan, Arealdo Robiq Zeny Amanda Eman Ratu Zumrotul Fitriyah