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Antecedent and Consequence Analysis of Investor Behavior Variables in Retail Shares on The Indonesian Stock Exchange Yuwono, Wisnu; Antalius, Yosep Deki; Ibrahim, Mukdad; Putra, Edy Yulianto; Marheni, Dewi Khornida
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.391

Abstract

Background: The Indonesia Stock Exchange (IDX) over the last four years (2019-2022) shows an average increase in the number of investors of 60.91%. However, this did not significantly impact market capitalization, which grew 9.86%, and the average growth of the Jakarta Composite Index, which was only 3.03% over the last four years. The data is very interesting to analyze further regarding investor behavior in investing in the stock market.Purpose: This research aims to analyze the influence of financial knowledge, investment experience, information media, and social interaction on retail investor behavior and the influence of retail investor behavior on investment decisions. Design/methodology/approach: Research data was taken from 292 stock investors, using a purposive sampling technique. Data processing and analysis use Structural Equation Modeling (SEM) with Smart PLS 3.2.9. Finding/Result: The research results show that financial knowledge and information media do not have a significant effect on retail investor behavior. Investment experience and social interaction have a positive and significant effect on retail investor behavior. Retail investor behavior has a significant influence on investment decisions. Other findings show that investor behavior cannot mediate the relationship between the variables of financial knowledge, investment experience, information media, and social interaction on investment decisions. Conclusion: Financial knowledge and media information are no longer the basis of investor behavior, both of which have been replaced by more subjective factors, namely investment experience and social interaction. Investor behavior is also unable to mediate the relationship between the four variables and investment decisions.Originality/value (State of the art): This study is to investigates the relationship between fundamental aspects and subjective aspects on retail investor behavior and the influence of investor behavior on investment decisions, so that the authors develop new models in research. Fundamental aspects are no longer something interesting for investors because of less credible information, so they prefer to use experience and social interaction. The role of company managers is to provide more credible information through financial reports, and the need for information media management in encourage investors to invest. Keywords: investment decision, retail investor behavior, financial knowledge, investment experience, media information, social interaction
ANALISIS FAKTOR PENENTU KINERJA KARYAWAN PADA PERUSAHAAN PERBANKAN DI KOTA BATAM Yuwono, Wisnu; Willyanto, Lia; Muchsinati, Evi Silvana
Equilibrium: Jurnal Penelitian Pendidikan dan Ekonomi Vol. 21 No. 01 (2024): Equilibrium: Jurnal Penelitian Pendidikan dan Ekonomi
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/equi.v21i01.8955

Abstract

Abstrak Fokus utama perusahaan perbankan dalam menjaga keberlangsungan diera globalisasi tetap terletak pada Sumber Daya Manusia (SDM). Meskipun dilengkapi dengan fasilitas modern, kelancaran operasional perusahaan tetap bergantung pada keberadaan sumber daya manusia  yang berkompeten. Hal ini menunjukkan bahwa SDM menjadi kunci pokok yang harus dipertahankan untuk mencapai hasil yang diharapkan. Tujuan dari pelaksanaan penelitian ini adalah untuk mengetahui dampak dari variabel-variabel seperti kepemimpinan, kompensasi, kompetensi, gaji, kemudahan penggunaan fasilitas dan lingkungan kerja terhadap kinerja karyawan pada perusahaan perbankan di kota Batam. Penelitian ini dilakukan dengan menggunakan metode kuantitatif dengan menyebarkan kuesioner kepada responden yang bekerja di perusahaan perbankan yang ada di kota Batam. Jumlah sampel responden yang diterima adalah 304 responden. Peneliti memilih 3 bank yang mencetak laba terbesar sepanjang 2021 yang terdapat di Indonesia, bank tersebut diantaranya PT. Bank Central Asia  (BCA), PT. Bank Rakyat Indonesia (BRI) dan PT. Bank Mandiri. Data penelitian yang teilah dipeiroleih diolah meingguinakan aplikasi SMART PLS (Partial Leiast Squiarei). Hasil penelitian ini membuktikan bahwa variabel kepemimpinan, kompensasi, gaji, kemudahan penggunaan fasilitas dan lingkungan kerja memiliki hubungan yang signifikan positif terhadap variabel kinerja karyawan. Dengan begitu diharapkan pada manajemen perusahaan jasa perbankan dapat mempertimbangkan semua variabel yang telah diteliti untuk dapat meningkatkan kinerja karyawan dan juga keberhasilan suatu perusahaan. Kata kunci: kepemimpinan; kompensasi; gaji; kemudahan penggunaan fasilitas; lingkungan kerja Abstract The main focus of banking companies in maintaining sustainability in the era of globalization still lies in Human Resources (HR). Although equipped with modern facilities, the smooth operation of the company still depends on the existence of competent human resources. This shows that HR is the main key that must be maintained to achieve the expected results. The purpose of this study is to determine the impact of variables such as leadership, compensation, competence, salary, ease of use of facilities and work environment on employee performance in banking companies in Batam city. This research was conducted using quantitative methods by distributing questionnaires to respondents who work in banking companies in the city of Batam. The number of respondent samples received was 304 respondents. Researchers chose 3 banks that made the biggest profits throughout 2021 in Indonesia, these banks include PT Bank Central Asia (BCA), PT Bank Rakyat Indonesia (BRI) and PT Bank Mandiri. The research data that has been obtained is processed using the SMART PLS (Partial Leiast Squiarei) application. The results of this study prove that the variables of leadership, compensation, salary, ease of use of facilities and work environment have a significant positive relationship to employee performance variables. That way it is hoped that the management of banking service companies can consider all the variables that have been studied to be able to improve employee performance and also the success of a company. Keywords : leadership; compensation; salary; ease of use of facilities; work environment
Investigating The Financial Behavior In Batam’s Younger Generations: Does Financial Self-Efficacy Mediate? Marheni, Dewi Khornida; Tazkia, Putri; Hashim, Hanini Ilyana Che; Wijaya, Cynthia Anna; Yuwono, Wisnu
Jurnal Dinamika Manajemen Vol. 16 No. 1 (2025): March
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v16i1.14942

Abstract

This study examines the financial behavior of Generation Y and Z in Batam by highlighting the role of psychological factors. Unlike previous research that emphasizes low financial literacy as the primary cause of poor financial behavior, this study explores how locus of control and financial self-efficacy mediate or moderate that relationship. Using a causal research design, snowball sampling technique, and online questionnaires, the findings reveal that both financial literacy and locus of control significantly influence financial behavior, with financial self-efficacyserving as a mediator. These results suggest that financial behavior is shaped not only by financial literacy but also by psychological factors such as self-control. The practical implication is the need for financial education programs that enhance not only knowledge but also psychological skills to support more informed financial decision-making.
INOVASI PENERAPAN ENTERPRISE RESOURCE PLANNING DALAM PENINGKATAN KINERJA PERUSAHAAN MANUFAKTUR Yuwono, Wisnu; Fasha, Andina; Kharina, Chintya; Rany, Hay; Olivia, Ratu
Indo-Fintech Intellectuals: Journal of Economics and Business Vol. 5 No. 2 (2025): Indo-Fintech Intellectuals: Journal of Economics and Business (2025)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/ifijeb.v5i2.3262

Abstract

Penelitian ini bertujuan untuk mengetahui dampak penerapan inovasi Enterprise Resource Planning (ERP) pada perusahaan manufaktur terhadap peningkatan kinerja, dan supply chain management (SCM) yang terdiri dari perencanaan agregat, proses produksi, tata kelola pemasok, logistik. Metode dalam penelitian ini merupakan penelitian diskriptif analisis, dengan teknik analisis kualitatif, dimana untuk mendapatkan pemahaman dan penjelasan suatu fenomena melalui analisis artikel penelitian yang relevan. Artikel yang dipilih memiliki kriteria membahas tentang ERP dan atau SCM sebanyak 14 artikel. Hasil penelitian menunjukkan bahwa ERP mampu mendorong kinerja perusahaan tersebut dimana unit-unit bisnis pada perusahaan mampu menjalankan berbagai fungsi spesifik pada berbagai departemen, diantaranya pertukaran informasi, layanan konsumen yang lebih baik, komunikasi internal yang lebih efektif, serta pemakaian prosedur sehari-hari yang lebih efisien. Implementasi sistem ini telah membantu perusahaan meningkatkan efisiensi dalam fungsi bisnis dan proses bisnis perusahaan
INOVASI PERANCANGAN ENTERPRISE RESOURCE PLANNING (ERP) DALAM MENDUKUNG KINERJA PERUSAHAAN MAKANAN Yuwono, Wisnu; Imas, Latifa Al Rosyidah; Yingfanie, Melissa; Nuraini, Sharfina Intan; Suheri, Falda; Ginting, Dinda Tri Ninta; Putra, Christian Hadinatan
Indo-Fintech Intellectuals: Journal of Economics and Business Vol. 5 No. 2 (2025): Indo-Fintech Intellectuals: Journal of Economics and Business (2025)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/ifijeb.v5i2.3436

Abstract

Company A, engaged in the food and beverage industry, faced challenges in supply chain management due to the inefficient implementation of its Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) systems. The increasing market demand necessitated the integration of these technologies to improve operational efficiency, ensure timely availability of raw materials and product distribution while improving overall competitiveness. This study aims to analyze the effectiveness of ERP systems in optimizing operational efficiency through productive integration with SCM, focusing on workflow optimization and data accuracy across the supply chain. This study uses a descriptive qualitative approach drawn from secondary sources to understand the relationship between ERP, SCM, and operational performance. The results show that the implementation of ERP and SCM has not been optimized due to lack of training, weak managerial support, and technical constraints such as infrastructure and legacy system integration. This study recommends a comprehensive change management approach, continuous role-based training, and regular system monitoring to reduce downtime. By implementing these strategies, the company can sustainably improve supply chain efficiency and competitiveness.
The Role of Market Orientation in Linking Customer Knowledge, Networking, and Culture to Product Innovation and Success in Batam's F&B Industry Yuwono, Wisnu; Fortuna, Erica; Suprapto, Yandi
SKeTsa Bisnis (e-jurnal) Vol 12 No 1 (2025): Sketsa Bisnis
Publisher : Universitas Yudharta Pasuruan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/jsb.v12i1.6143

Abstract

Introduction; MSMEs face serious challenges in facing the industrial revolution 4.0 and the era of society 5.0, where there are changes in tastes, trends and increasingly competitive business competition. This condition requires MSMEs to continue to innovate even though data shows that not all MSMEs have transformed and innovated. This study aims to analyze the influence of customer knowledge, networking and cultural knowledge on product innovation and new product success with market orientation as an intervening. Methods; The research methodology uses a survey technique on 281 respondents of food & beverage MSME actors in Batam City, and the collected data is processed using SmartPLS software version 3.0. Result; The results of the study indicate that there is a significant positive influence of customer knowledge, networking and cultural knowledge variables on product innovation and new product success, and market orientation can mediate the relationship. Conclusion; The results of this study can be a reference for MSME actors in running their businesses to remain competitive in the era of globalization.
STRATEGI DIGITAL UMKM UTAMA VEGETARIAN: PENGEMBANGAN SITUS WEB UNTUK PEMASARAN GLOBAL Yuwono, Wisnu; Putra, Sandy
Aspirasi Masyarakat Vol 2 No 1 (2025): Maret
Publisher : ICON Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71154/6afnrp36

Abstract

This community service project aims to develop a website that can enhance the digital presence and support the market expansion of Utama Vegetarian, a small business that provides high-quality vegetarian food products. The implementation method consists of three main stages: needs analysis, website development using the Wix platform, and training the partner to manage the website independently. The analysis techniques used include semi-structured interviews and direct observations of the business operations to understand the challenges faced by the partner in expanding market reach and managing brand identity. Additionally, secondary data collection was also carried out to assess global trends in the vegan food industry, which supports the development of more effective digital marketing strategies. The outcome of this project is the creation of a user-friendly website with features such as a product catalog, educational articles, and e-commerce integration, which can enhance customer interaction and expand the market of Utama Vegetarian both locally and internationally. Furthermore, the partner now has a practical guide and the skills to manage the website independently, supporting the sustainability and future development of the business. Additionally, the website is designed with features ready for further development, including analytics integration and international payment options, enabling broader expansion into the global market.
Innovation in fintech lending applications, can increase impulsive buying? Designing a research model based on a literature review Wisnu Yuwono; Juviyanty; Ferdinand Nainggolan
International Journal of Business and Quality Research Vol. 3 No. 02 (2025): April - June, International Journal of Business and Quality Research (IJBQR)
Publisher : Citakonsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijbqr.v3i02.1712

Abstract

Fintech lending applications is currently growing very rapidly, and shows a fairly high risk of default, especially among millennials. Based on these conditions, it is necessary to carry out research related to designing research models that answer research problems related to increasing the use of fintech lending applications among millennials. This research is qualitative using a systematic review theory approach. The data used are research articles that are relevant to the topics discussed by researchers with a total of 50 articles from various research journals. The results of the research recommend a research model with technology acceptance model variables, promotional programs in the form of live streaming promotions and discounts, e-WOM, service reliability, family influence and government influence.
The Influence of Brand Image, Service Quality, Customer Expectation and e-WOM on Customer Satisfaction and Customer Loyalty in International Chain Hotel at Batam City Kesumahati, Erilia; Ng, Mega Augustina; Yuwono, Wisnu
Jurnal Manajemen Stratejik dan Simulasi Bisnis Vol. 6 No. 1 (2025): Jurnal Manajemen Stratejik dan Simulasi Bisnis
Publisher : Fakultas Ekonomi Universitas Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/mssb.6.1.89-104.2025

Abstract

The high competition in the hospitality industry drives companies to improve customer satisfaction and customer loyalty through appropriate marketing and service strategies. The aim of this study is to examine how customer satisfaction and loyalty are affected by brand image, service quality, customer expectation, and electronic Word of Mouth (e-WOM) on international chain hotel. This study uses a quantitative method with a Structural Equation Modeling (SEM) approach based on Partial Least Square (PLS-SEM), processed using SmartPLS 3.0 and SPSS 26. The sample in this study consisted of 495 respondents selected purposively, with the criterion of having visited an international hotel in the last two years. The analysis results show that brand image does not have a significant effect on customer satisfaction and customer loyalty. Service quality has a significant positive effect on both. Customer expectation does not affect customer satisfaction but has a significant effect on customer loyalty. E-WOM has a significant effect on customer satisfaction but not on customer loyalty. Meanwhile, customer satisfaction proves to be the most significant factor in influencing customer loyalty. These findings have important implications for hotel management in designing strategies to improve service quality and customer experience as an effort to build long-term loyalty.
APAKAH DIREKTUR WANITA MAMPU MENGURANGI RESIKO KEUANGAN? STUDI PADA PERUSAHAAN TERCATAT DI BURSA EFEK INDONESIA Leviana; Yuwono, Wisnu; Lily , Sudhartio
JRMSI - Jurnal Riset Manajemen Sains Indonesia Vol. 13 No. 02 (2022): Jurnal Riset Manajemen Sains Indonesia
Publisher : Fakultas Ekonomi, Universitas Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JRMSI.013.2.02

Abstract

Saat ini, isu keberagaman gender telah menjadi perhatian utama banyak perusahaan di dunia. Keberagaman gender sebagai bagian dari sistem tata kelola dalam manajemen yang dinilai dapat meningkatkan kualitas keputusan yang diambil, terutama dengan adanya peran wanita. Hal itu terjadi karena kecenderungan sifat direktur wanita yang lebih berhati-hati dalam pengambilan resiko dan lebih transparan. Oleh sebab itu, penelitian ini bertujuan untuk melihat peran direktur wanita pada resiko keuangan perusahaan publik di Indonesia. Jumlah sampel studi yang dilakukan pada 219 perusahaan nonkeuangan yang terdaftar di Bursa Efek Indonesia berturut-turut selama tahun 2016-2020. Penelitian dilakukan dengan regresi linear berganda dalam menguji hipotesis dengan program STATA. Hasil studi menunjukkan bahwa direktur wanita dan direktur keuangan wanita memberikan pengaruh yang signifikan negatif terhadap nilai DER (Debt to Equity Ratio) sebagai pengukur resiko keuangan perusahaan. Hal itu mengartikan bahwa direktur wanita efektif dalam menurunkan resiko keuangan sebuah perusahaan. Hasil studi ini dapat memberikan implikasi manajerial berupa dukungan pertimbangan perusahaan untuk meningkatkan peran wanita dalam jajaran manajemennya, terutama pada jajaran direksi.
Co-Authors Agnes Doraresta Khatarina Tokan Agnes Doraresta Khatarina Tokan Agung Wibowo Agustina Agustina Agustini Fatmasari Alice Angela Alva Hendi Muhammad Andi Putri Isnayani Kamal Andina Fasha Andina Fasha, Andina Andrea Putri Andrean Andrean Andrianus, Lian Andy Lau Angelin Angelin Angelin Denis Yeo Angelin, Angelin Angeline Angeline Anna Isabella Lau Antalius, Yosep Deki Antoni Ang, Meiga Putri Antonio, Roni Aprilia Chandrawati Arief Maulana Asya Ian Ramadani Baihaqi, Ahmad Azka Bella Febiola Bhuan, Sun Calvin Calvin Candy, Candy Caroline Angelina Chris Tan Christiarini, Renny Cindy Fransiska Cindy Jolinna Cindy, Gracia Coral Aswanti Davin Ewaldo Delvian Yosuky Denny Denny Dennys Ng Desmond Lim Dessy Alliandrina Destiana Safitri Dewi Dewi Diavika Febriyanti Dimas Firmansyah Nasution Dita Aurelia Edy Yulianto El Vin Ho Ellen Rusliati Elvy Tan Emella Kansa Sulthanah Gumay Erika Erika Erika Erika Erilia Kesumahati Erilia Kesumahati Esfandiany, Shelby Estefania Estefania Eva Awaliya, Nindi Suhendri, Tiara Plorist Sibarani Lilian Nurul Wildani, Evi Silvana Muchsinati Ewaldo, Davin Felicia Koo Felix Santono Ferdinand Jason Fortuna, Erica Frendelina N. Nesimnasi Ginting, Dinda Tri Ninta Gladys Christiani Gladys Christiani Glenis Doren Lim Greceila Veronica Tanita Hansend Cristoper Hashim, Hanini Ilyana Che Hendrawan Hendrawan Hendriyanto Hendriyanto Henly Henly Herman Eka Putra Hesniati, Hesniati Ibrahim, Mukdad Ikhwanul Amri, Muhammad Imas, Latifa Al Rosyidah Inda Meyllya Putri Indramawan Indramawan Jacksen Lim Jennifer Jennifer Jerry Jerry Jesclin Jesclin Jesni Jesni Jessica Jessica Jessy Valencia Jesty Jesty Jihadhatul Akbar Joey Joey John Christian Tedjo Johny Budiman Jovan Pratama Joycelyn Julia Renaldi, Angelina Juliana Juliana Julyati Julyati Jumbri, Isma Addi Junen Wiwi Juven Gautama Juviyanty Juviyanty, Juviyanty Kalia, Lee Kelvin Tanudjaja Kendy Setiawan Hartono Kevin Antonio Kevin Leonardo Kevin Lim Kharina, Chintya Khornida, Dewi Lady, Lady Lau, Andy Laulita, Nasar Buntu Leni Mardayanti Leon Agustian Salim Leonard, Rivaldo Leviana Lia Willyanto Lily Indrawati Lisa Carline Liu Lu Sudirman Lydia Lestari Lydia Sasmita Maidian Setiawati Manda Carissa Marco, Alysia Callista Mardiana Ng Mardiana Ng Marheni, Dewi Khornida Mariska Ramadana Marthin, Ricko Meiga Putri Antoni Ang Meilita Meilita Michael Iken Bonar Anju Sibagariang Moron, Maria Selvi Muhammad Rivaldy Hisham Mujibah, Mujibah Mulyaningrum Mulyaningrum Munaroh Susanto Nabila Arinov Mey Nadya Altiyane Naimah, Mutiara Kamilatu Nainggolan, Ferdinand Nancy Nancy Nelson Donglas Ng, Mega Augustina Nicholas Sunaidi Nicolaus Tommy Prasetyo Nimatul Mamuriyah Noveldi Oktovian Noveldi Oktovian Novita Lasmawati Novita Novita Nuraini, Sharfina Intan Nurhayati Balqis Nurtia Putri Sari Nurtia Sari Olinda Viviani Olivia, Ratu Ong, Teddy Pasaribu, Yemima Natasha Pauline Peranginangin, Pulung Permata, Nadiva Surya Piere Ricardo Prabowo, Ilham Pradino Kusumo Pulung Peranginangin Putra, Christian Hadinatan Putra, Edy Yulianto Putra, Herman Eka Putra, Sandy Putri Tazkia Ramadani, Arienda Gitty Ramadhana, Reva Sri Ranny Daniel Rany, Hay Reddyson Reddyson Reny NG Ria Bintan Riandi, Rafi Rizky Richie Marlon Ricky Ricky Rido Renando Rince Monica Hutagalung Riskiyanto Riskiyanto Rizky Adi Mahendra Robin Robin Robin Robin Robin Robin, Robin Roni Antonio Rosalina, Shelly Rusdin Rusdin Santo Santo Sari Wahyuni, Lily Sudhartio, Sefryanto Valentinus Selina Ng Selina Selina Serina Serina Sevilla Nadia Amada Shelby Esfandiany Shellyna Shellyna Sherley Angelia Silvia Hainia Silvia Rahayu Silvina Silvina Silvina, Silvina Sinambela, Fitriana Aidnilla Sindy Sindy Siswuri Andari Siti Rohani Sitorus, Winda Fionita Sonata, Vivi Sopyan, Sahda Fatonah Salsabila Suheri, Falda Suprapto, Yandi Supriadi Supriadi Susanti Susanti Sutini Sutini Suvia, Honey Suyono Saputra Suyono Saputra Sylvia Putri Tata Fransiska Putri Tazkia, Putri Theresia Desilva Thomas Lie Tiara Shinta Tjan, Charles Tresia Putri Trio Trio Vanness Kangnanda VERONICA VERONICA Veronica Veronica Vina Kristini Viorilla, Princesscia Vanessa Vivi Sonata Welliam Ali Wesly Wesly Wijaya, Cynthia Anna Wilfi Caroline Willyanto, Lia Winshen Wirren Chang Wirren Chang Xena Amanda Amanda Xian, Andy Chua Eng Yang, Wendy Wiranata Yessica Stephanie Lim Yingfanie, Melissa Yogi Rizky Yogi Yohanes Aprialdy Simanungkalit Yulfiswandi Yulfiswandi Yulfiswandi, Yulfiswandi Yuliana Shintia Yuswardi yuswardi, Yuswardi Zoy Beils