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The effect of foreign ownership on stock return volatility with financial ratio as control variables Wijaya, Erric; Nurhazizah, Sofi; Samsudin, Syamsyul
Jurnal Fokus Manajemen Bisnis Vol. 15 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v15i1.12011

Abstract

The capital market in Indonesia is an attractive investment destination for both domestic and foreign investors. It allows investors with excess funds to invest in various securities to obtain returns. However, volatility is a risk factor in investing, prompting investors to monitor volatility levels to make informed decisions. This study seeks to examine the impact of independent variables, particularly foreign ownership, in conjunction with control variables including company size, leverage, book to market ratio, and turnover on stock return volatility. The sample comprises 33 mining industry businesses listed on the Indonesia Stock Exchange from 2019 to 2023, harnessing secondary quantitative data. The study utilizes panel data regression analysis. The data was analyzed using Eviews software. The results demonstrate that foreign ownership and leverage exert a modest negative influence on stock return volatility, as does the book to market ratio. In contrast, business size and turnover positively enhance stock return volatility, with turnover exerting the most substantial influence. Investors will allocate their assets to a huge enterprise. The turnover variable exerts the most significant impact on stock return volatility. This is because investors typically examine patterns in a company's turnover rate while trading shares in the capital market.
Strategi Peningkatan Daya Saing Dengan Meningkatkan Kualitas Pengelolaan Keuangan Dan Modal Pada UMKM POPKID.ID Santi Rimadias; Erric Wijaya; M. Bugo Vandori
KREATIF: Jurnal Pengabdian Masyarakat Nusantara Vol. 4 No. 1 (2024): Maret : Jurnal Pengabdian Masyarakat Nusantara
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/kreatif.v4i1.2813

Abstract

This community service program focuses on strategies to increase the competitiveness of MSMEs in POPKID.ID Children's Clothing by improving the quality of financial and capital management. POPKID.ID is an MSME engaged in the convection of children's clothing aged 1-13 years which has been established since 2020. One of the main problems faced by POPKID.ID is limited working capital which hinders business growth and development. The purpose of this community service activity is to provide training and assistance related to financial and capital management strategies for POPKID.ID. The method used is through training and mentoring. As a result, financial projections show an upward trend if financial and capital management is improved. Suggested strategies include optimizing funding sources and increasing financial literacy.
Financial Management Practices of Coastal Fishermen Cooperatives in Supporting Blue Economy Growth Adi, Roni; Wijaya, Erric; Rely, Gilbert; Samuel, Indah Elychia
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 6 (2026): Dinasti International Journal of Economics, Finance & Accounting (January - Feb
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i6.5831

Abstract

The growth of the blue economy in Indonesia is inseparable from the role of coastal communities, especially fishermen's cooperatives, which are the main forum in the management of fisheries businesses and the distribution of marine products. However, financial management practices in fishermen's cooperatives still face various challenges, such as low financial literacy of management, weak transparency of records, and limited access to formal capital institutions. This study aims to evaluate the financial management practices of coastal fisher cooperatives and examine their contribution in supporting blue economic growth. The research method uses a mixed approach, with the collection of quantitative data from the financial statements of fisher cooperatives and qualitative data through in-depth interviews with administrators and members. A total of 12 fishermen's cooperatives in the coastal areas of Central Java and South Sulawesi were selected purposively with the 2020–2023 observation period. The results of the study show that cooperatives that have a neater financial recording system, a savings and loan mechanism run well, and are able to access revolving funds from the government and Islamic financial institutions have succeeded in increasing working capital, expanding environmentally friendly fishing and aquaculture businesses, and contributing to marine resource conservation. In contrast, cooperatives with traditional financial management and dependence on member dues often experience limited liquidity, internal conflicts, and difficulty adapting to blue economy programs that demand efficiency and sustainability. These findings confirm that strengthening financial management practices through financial literacy education, the use of digital accounting technology, and regulatory support can strengthen the role of fishermen's cooperatives as key actors in supporting an inclusive and sustainable blue economy.
Pengaruh Work-Life Balance, Kompensasi, Disiplin, Kerja dan Lingkungan Kerja Terhadap Kinerja Pegawai Bank Papua Tambrauw Tambengi, Albert Berce; Wijaya, Erric; Haryanti, Ennny; Joyosumarto, Subarjo
Jurnal Global Ilmiah Vol. 3 No. 4 (2026): Jurnal Global Ilmiah
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/jgi.v3i4.337

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh work-life balance, kompensasi, disiplin kerja, dan lingkungan kerja terhadap kinerja pegawai pada Bank Papua Cabang Tambrauw. Penelitian menggunakan pendekatan kuantitatif dengan teknik pengumpulan data melalui penyebaran kuesioner kepada 45 responden yang merupakan seluruh pegawai pada cabang tersebut. Data yang diperoleh dianalisis menggunakan perangkat lunak SmartPLS versi 4.0 dengan pendekatan Partial Least Squares–Structural Equation Modeling (PLS-SEM) untuk menguji hubungan antarvariabel secara simultan dan parsial. Hasil penelitian menunjukkan bahwa work-life balance, disiplin kerja, dan lingkungan kerja memiliki pengaruh positif dan signifikan terhadap kinerja pegawai. Temuan ini mengindikasikan bahwa pegawai yang mampu menyeimbangkan tuntutan pekerjaan dan kehidupan pribadi, memiliki tingkat disiplin yang baik, serta bekerja dalam lingkungan yang kondusif cenderung menunjukkan kinerja yang lebih optimal. Sementara itu, kompensasi terbukti berpengaruh positif namun tidak signifikan terhadap kinerja pegawai, yang menunjukkan bahwa faktor finansial belum menjadi penentu utama dalam meningkatkan kinerja di lingkungan kerja ini. Secara keseluruhan, hasil penelitian menegaskan pentingnya aspek non-material dalam pengelolaan sumber daya manusia. Penelitian ini diharapkan dapat menjadi acuan bagi manajemen perbankan dalam merumuskan kebijakan dan strategi peningkatan kinerja pegawai melalui penguatan work-life balance, penerapan disiplin kerja yang konsisten, serta penciptaan lingkungan kerja yang mendukung produktivitas dan kenyamanan kerja.
PENGARUH PENGEMBANGAN KARIR, BUDAYA ORGANISASI, MOTIVASI KERJA, DAN KEPUASAN KERJA TERHADAP KINERJA KARYAWAN BANK X (STUDI : KANTOR CABANG BANK X JAKARTA SELATAN) Ramadhany, Pryma Andhika; Wijaya, Erric
Journal of Accounting, Management and Islamic Economics Vol. 3 No. 2 (2025): Journal of Accounting, Management, And Islamic Economics, Volume 03, No. 02, De
Publisher : Ibs Press

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study analyzes the influence of career development, organizational culture, work motivation, and job satisfaction on the performance of permanent employees at Bank X South Jakarta Branch. The study employed a quantitative method with PLS-SEM approach and involved 100 respondents, with data analyzed using SmartPLS 4.0. The results indicate that career development and organizational culture have a significant effect on employee performance, while work motivation and job satisfaction show no significant effect. These findings highlight the importance of strengthening career development programs and fostering a positive organizational culture as the main strategies to improve performance. The implication for management is the need to design human resource policies that prioritize career development and organizational culture reinforcement to achieve optimal employee performance.
Decoding Consumer Trust through the Lens of Micro-Influencer Authenticity in Emerging Markets Sriwardiningsih, Enggal; Wijaya, Erric; Putra, Firdaus
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 6 (2025): JIMKES Edisi November 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i6.4277

Abstract

The rapid growth of social media in emerging markets has elevated the role of micro-influencers in shaping consumer behavior. This study investigates how micro-influencer authenticity (openness, consistency, emotional proximity) affects consumer trust and, in turn, purchase intention. A quantitative survey was administered to 85 respondents aged 18–35 who actively follow micro-influencers on Instagram and TikTok. Data were analyzed using validity and reliability tests, multiple regression, and mediation analysis (PROCESS Model 4) in SPSS. Results show that authenticity dimensions jointly explain 62% of variance in consumer trust (R² = 0.62), with openness (β = 0.41, p < 0.001), consistency (β = 0.33, p = 0.001), and proximity (β = 0.29, p = 0.002) all significant predictors. Consumer trust significantly predicts purchase intention (β = 0.56, p < 0.001), and mediates the effect of authenticity on purchase intention (indirect effect = 0.35, 95% CI [0.19, 0.50]). The findings indicate that authenticity functions primarily as a trust-builder, and trust serves as the key mechanism translating authenticity into purchase intent. Practical implications for marketers and influencer selection strategies are discussed.
Analysis Of Macroeconomic Conditions On The Performance Of Protected Mutual Funds In Indonesia In Moderated Age And Size Of Mutual Funds For The Period January 2018 – August 2023 Tinjung Desy Nursanti; Nugraha; Ika Putera; Maya Sari; Erric Wijaya
Jurnal Ekonomi Kuantitatif Terapan Vol. 17 No. 2 (2024): Vol. 17, No. 2, Agustus 2024 (pp.155-369)
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/JEKT.2024.v17.i02.p09

Abstract

This study aims to find evidence whether Macroeconomic Conditions can affect the Performanceof Protected Mutual Funds in Indonesia which is Moderated Age and Size of Mutual Funds forthe period January 2018 – August 2023. The motivation for this study comes from identifying therelationship between macroeconomic conditions and mutual fund performance simultaneously isvery important because it has significant implications in efforts to improve mutual fundperformance against macroeconomic conditions. However, there are limitations to empiricalstudies on the impact of these mutual funds because the data year series is limited to only a fewyears. Using the Random Effect Model (REM) panel regression method approach, the analysisperiod from January 2018 to August 2023 panel data on macroeconomics and mutual funds, itwas found that macroeconomic variables of the rupiah exchange rate against the US dollar (NT)had a significant influence on the performance of the highest mutual funds measured by the sharperatio. Meanwhile, macroeconomic variables that do not have a significant influence on theperformance of protected mutual funds are interest rate (SBI) and inflation (INF) variables. Thevariable age and size of mutual funds have a significant influence on the performance of protectedmutual funds. In addition to these independent variables, this study also used moderator /moderating variables. Moderator variables to see the interaction relationship between moderatorvariables and predictor variables (independent). Moderator variables are variables that canstrengthen or weaken the relationship between independent and dependent variables. Themoderator variables of this study are age and size of mutual funds
Pengaruh Tingkat Suku Bunga Kredit, Prosedur Kredit, Kualitas Pelayanan dan Literasi Keuangan Terhadap Keputusan Pengambilan Kredit Konsumtif di PT. Bank Pembangunan Daerah (BPD) Papua Cabang Waisai Kabupaten Raja Ampat Marleyn, Clara Juvita Indri; Wijaya, Erric; Muchlis, Muchlis; Haryanti, Enny
Ekonomis: Journal of Economics and Business Vol 10, No 1 (2026): Maret
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v10i1.2754

Abstract

This study aims to analyze the influence of credit interest rates, credit procedures, service quality, and financial literacy on consumer credit decisions at PT. Regional Development Bank Papua, Waisai Branch, Raja Ampat Regency. The study used a quantitative approach with a survey method of customers with Civil Servant and Government Employees with Work Agreements status in Waisai City. Data were collected through an online questionnaire using Google Forms and analyzed using Structural Equation Modeling (SEM) techniques. The results showed that interest rates, credit procedures, service quality, and financial literacy had a significant positive effect on consumer credit decisions. These findings emphasize the importance of setting competitive interest rates, simple credit procedures, quality service, and improving customer financial literacy to encourage credit decisions.
The Influence of Service Quality, Brand Image, Trust, Security and Technology on Customer Satisfaction of Movin By Mandiri Taspen Users Farras, Naufal Haidar; Wijaya, Erric
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 6 No. 1 (2026): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v6i1.1008

Abstract

This study aims to examine the influence of service quality, brand image, trust, security, and technology on customer satisfaction among users of the Movin by Mandiri Taspen mobile banking application, with a case study at Bank Mandiri Taspen KCP Batu. A quantitative approach was applied using a survey of 93 respondents selected through purposive sampling. The data were analyzed using Structural Equation Modeling based on Partial Least Squares (PLS-SEM) with the SmartPLS software. The findings reveal that security and technology have a positive and significant effect on customer satisfaction. In contrast, service quality, brand image, and trust do not show a statistically significant influence. These results indicate that for the retirement customer segment, system security and technological performance are more influential in shaping satisfaction compared to relational and reputational factors. This study contributes to the literature on digital banking services by emphasizing the importance of strengthening security systems and improving technological features to enhance customer satisfaction, particularly within the retirement segment.