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All Journal Equator Journal of Management and Entrepreneurship Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) Jurnal Manajemen Bisnis Journal of Economics, Business, & Accountancy Ventura The Indonesian Accounting Review Jurnal Akuntansi Multiparadigma Journal of Indonesian Economy and Business Jurnal Edukasi dan Penelitian Informatika (JEPIN) EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen SEIKO : Journal of Management & Business Owner : Riset dan Jurnal Akuntansi Journal Of Management Science (JMAS) International Journal of Economics, Business and Accounting Research (IJEBAR) Jurnal Ilmiah Edunomika (JIE) International Journal of Economics Development Research (IJEDR) Enrichment : Journal of Management Jurnal Ekonomi Bisnis Manajemen Prima Ilomata International Journal of Management Jurnal Ekonomi Jurnal Ekonomi dan Manajemen Indonesia International Journal of Applied Finance and Business Studies Jurnal Fokus Manajemen Jurnal Literasi Akuntansi JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) AJARCDE (Asian Journal of Applied Research for Community Development and Empowerment) ProBisnis : Jurnal Manajemen JAMBURA: JURNAL ILMIAH MANAJEMEN DAN BISNIS Journal of Applied Management Research Indonesian Capital Market Review Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Economics and Business Journal Digital Bisnis: Jurnal Publikasi Ilmu Manajemen Dan E-commerce Jurnal Multidisiplin West Science Jurnal Riset Ekonomi dan Akuntansi Journal of Educational Management Research IIJSE Moneter : Jurnal Ekonomi dan Keuangan Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah El-Mujtama: Jurnal Pengabdian Masyarakat Economic: Journal Economic and Business Jurnal Multidisiplin INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Dhana Jurnal Ekonomi, Manajemen, Akuntansi Ulil Albab Joong-Ki Al Qodiri: Jurnal Pendidikan, Sosial dan Keagamaan
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When Celebrity CEOs Undermine Sustainability Value: Evidence from Indonesian Firms Dwi Nova Wijaya; Wendy Wendy; Helma Malini
Journal of Economics, Business, and Accountancy Ventura Vol. 27 No. 2 (2024): August - November 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v27i2.4302

Abstract

This research investigates the moderating effect of celebrity CEOs on the relationship between corporate sustainability and firm value. A quantitative approach was utilized, analyzing data from 51 companies listed on the Indonesia Stock Exchange from 2014 to 2021 using regression analysis. While prior studies have explored the individual effects of either celebrity CEOs or corporate sustainability on firm value, this study addresses a gap by examining the interaction between these factors and its impact on firm value. The results reveal that although both the presence of a celebrity CEO and the implementation of corporate sustainability initiatives can enhance firm value, they do not necessarily create a beneficial synergy. In fact, the presence of a celebrity CEO may diminish the positive effects of corporate sustainability on firm value. These findings provide empirical evidence suggesting that companies should carefully assess the alignment between a CEO’s characteristics and the firm’s sustainability strategies to optimize value creation. The study underscores the importance of selecting a CEO whose attributes align with the company’s long-term sustainability objectives. These insights have practical implications for corporate management in making strategic decisions regarding CEO appointments and the execution of sustainability initiatives.
The Mediation Effect on the Relationship Between Political Connections and Firm Value: Empirical Evidence from the Financial Industry in Indonesia Khristina Yunita; Mustaruddin Saleh; Wendy
The Indonesian Accounting Review Vol. 15 No. 2 (2025): July - December 2025
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/tiar.v15i2.5320

Abstract

This investigation explores CSR's potential mediating function in the political connection-firm value relationship. The analysis utilizes 437 annual reports from Indonesia Stock Exchange-listed financial sector corporations spanning 2014-2021. Data analysis reveals that CSR successfully mediates the political connection-firm value relationship. Additional findings demonstrate that political connections exert positive and significant effects on firm value, while CSR spending patterns differ significantly between politically connected and non-connected organizations. Robustness testing employing identical variables with alternative indicators maintains result consistency.
The antecedence of financial well-being: insights from financial behavior, attitude, and knowledge among Indonesian youth Ana Liana; Wendy Wendy; Giriati Giriati
Economic: Journal Economic and Business Vol. 5 No. 1 (2026): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v5i1.1375

Abstract

This study aims to examine the determinants of financial well-being among young Indonesians by analyzing the direct influence of financial behavior, financial attitudes, and financial knowledge. This study involved 348 respondents aged 20 to 34 years who participated by completing a questionnaire using a Likert scale with a value range of 1 to 7. Data analysis was conducted using WarpPLS 8.0 software. The results showed that financial behavior, financial attitudes, and financial knowledge have a positive and significant effect on financial well-being. This finding strengthens the relevance of behavioral finance theory and confirms that financial intelligence plays a significant role in determining the level of financial well-being of young individuals. Therefore, this study emphasizes the importance of planning and implementing comprehensive financial education to improve the financial well-being of young people in the digital era.
Pengaruh ESG Disclosure, Green Product Innovation on Financial Perfomance Dengan Firm Size Sebagai Moderasi Hendry Wijaya; Helma Malini; M.Irfani Hendri; Wendy Wendy; Anggraini Syahputri
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 4: Mei 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i4.16125

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Environmental, Social, and Governance (ESG) Disclosure dan Green Product Innovation terhadap Financial Performance perusahaan, dengan Firm Size sebagai variabel moderasi. Latar belakang penelitian ini berangkat dari meningkatnya perhatian global terhadap praktik keberlanjutan serta masih terbatasnya studi di Indonesia yang menguji kedua variabel tersebut secara bersamaan dengan peran ukuran perusahaan. Pendekatan penelitian menggunakan metode kuantitatif dengan desain kausal. Data sekunder diperoleh dari laporan tahunan dan laporan keberlanjutan perusahaan sektor Consumer Non-Cyclicals yang terdaftar di Bursa Efek Indonesia periode 2021–2024. Analisis data dilakukan menggunakan Moderated Regression Analysis (MRA). Hasil penelitian menunjukkan bahwa ESG Disclosure dan Green Product Innovation belum berpengaruh signifikan terhadap Financial Performance, baik yang diukur dengan ROA maupun ROE, serta Firm Size tidak memoderasi hubungan tersebut. Temuan ini mengindikasikan bahwa praktik ESG dan inovasi hijau pada perusahaan sektor Consumer Non-Cyclicals di Indonesia masih belum mampu dikonversi menjadi kinerja keuangan jangka pendek, meskipun model penelitian secara simultan dinyatakan signifikan.)
Peran Intensitas Persaingan dalam Stuktur Kepemilikan dan Kinerja Pasar Perusahaan: Studi Kasus Perusahaan Perbankan di Indonesia Tahun 2020-2024 Ericko Ericko; Mustaruddin Mustaruddin; Anwar Azazi; Wendy Wendy; Uray Ndaru Mustika
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 3: Maret 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i3.16145

Abstract

Studi ini bertujuan untuk mengeksplorasi dampak struktur kepemilikan dan return on asset terhadap kinerja pasar, dengan fokus pada bagaimana intensitas persaingan bertindak sebagai faktor moderasi, dan mempertimbangkan dua variabel control berupa NPL, dan BOPO. Analisis ini mencakup bank umum di Bursa Efek Indonesia, dengan menggunakan teknik analisis data panel dan regresi moderasi. Terdiri dari 165 observasi dari 35 perusahaan selama rentang waktu lima tahun dari 2020 hingga 2024. Dengan hasil temuan menunjukkan bahwa peningkatan kepemilikan institutional memiliki hubungan positif terhadap kinerja pasar perusahaan. Disisi sebaliknya peningkatan kepemilikan manajerial justru menghambat peningkatan kinerja pasar perusahaan, sama hal nya dengan ROA yang juga memiliki hubungan negatif terhadap kinerja pasar perusahaan. Intensitas persaingan sebagai pure moderator, dengan berpengaruh negative tidak signifikan terhadap kinerja pasar namun dapat memoderasi kepemilikan institutional dan manajerial terhadap variabel dependen.
Pengaruh Environmental, Social, Governance (ESG) Disclosure dan Green Innovation terhadap Nilai Perusahaan dengan Board Gender Diversity sebagai Moderasi Ega Clauvilia; Ilzar Daud; Uray Ndaru Mustika; Wendy Wendy; Anwar Azazi
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 4: Mei 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i4.16311

Abstract

Meningkatnya tekanan pemangku kepentingan mendorong perusahaan mengintegrasikan pengungkapan Environmental, Social, and Governance (ESG) dan green innovation dalam strategi keberlanjutan. Penelitian ini bertujuan menganalisis pengaruh ESG disclosure dan green innovation terhadap nilai perusahaan dengan board gender diversity sebagai variabel moderasi pada perusahaan manufaktur yang terdaftar di Indonesia Stock Exchange periode 2021–2024. Penelitian menggunakan pendekatan kuantitatif dengan sampel 52 perusahaan yang dipilih melalui purposive sampling. Analisis data dilakukan menggunakan regresi data panel dan Moderated Regression Analysis (MRA) dengan bantuan EViews. Hasil penelitian menunjukkan bahwa environmental disclosure berpengaruh positif terhadap nilai perusahaan, sedangkan social disclosure tidak berpengaruh signifikan. Sebaliknya, governance disclosure dan green innovation berpengaruh negatif terhadap nilai perusahaan. Board gender diversity memperkuat pengaruh environmental disclosure, memoderasi negatif governance disclosure, namun tidak memoderasi social disclosure dan green innovation. Temuan ini menegaskan pentingnya kualitas pengungkapan keberlanjutan dan tata kelola yang inklusif dalam meningkatkan nilai perusahaan.
Belajar Kelola Uang Sejak Dini: Edukasi Keuangan untuk Anak-anak Panti Hieronimus Vicella Vyrcellica Vylexta; Wendy Wendy; Cecillia Angelica Precillia; Nextcell Winoto Vennerico; Siau Yen
Joong-Ki : Jurnal Pengabdian Masyarakat Vol. 5 No. 2: Februari 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/joongki.v5i2.12332

Abstract

Program pengabdian masyarakat “Money Maze: Survive, Spend, and Save” dilaksanakan di Panti Asuhan Hieronimus, Pontianak Utara, sebagai respon terhadap rendahnya literasi keuangan anak-anak panti. Permasalahan utama yang dihadapi adalah belum mampu membedakan kebutuhan dan keinginan, kecenderungan bersifat konsumtif, serta kurangnya kebiasaan menabung. Kegiatan ini menggunakan pendekatan Participatory Action Research (PAR) dengan strategi experiential learning melalui simulasi uang mainan, diskusi, dan refleksi. Peserta kegiatan adalah sembilan anak berusia 7–17 tahun. Hasil kegiatan menunjukkan adanya peningkatan pemahaman dan keterampilan pengelolaan keuangan. Anak-anak mampu menjelaskan kembali konsep kebutuhan, keinginan, dan menabung, serta mulai menunjukkan sikap disiplin, tanggung jawab, dan kemandirian dalam mengelola uang. Mereka juga mampu membuat prioritas pengeluaran secara lebih bijak dan menumbuhkan semangat menabung. Dengan demikian, program ini terbukti efektif dalam meningkatkan literasi keuangan dasar anak-anak panti, sekaligus memberikan model pembelajaran partisipatif yang dapat diterapkan secara berkelanjutan.
Financial Awareness and Attitudes Toward Money: Empirical Evidence from Indonesia Wendy, Wendy
Equator Journal of Management and Entrepreneurship (EJME) Vol. 14 No. 3 (2026): Vol. 14 No. 3 (2026): Equator Journal of Management and Entrepreneurship
Publisher : Universitas Tanjungpura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/ejme.v14i3.110947

Abstract

Attitudes toward money remain comparatively underexplored in the behavioral finance literature, particularly in studies that examine multiple determinants within a single integrated framework. To address this gap, this study develops and empirically tests an integrated model using survey data from 260 respondents in Indonesia. Five regression models were estimated to examine the effects of five predictors, one moderating variable, and one control variable. The findings indicate that financial self-efficacy, financial awareness, and reference groups are positively associated with attitudes toward money. Furthermore, moderation analyses identify income as a pure moderator of the effects of reference groups, media role, and perceived risk on attitudes toward money. The inclusion of gender across all model specifications does not alter the main findings, confirming the robustness of the estimated models.
Budgetary Management Efficiency and Profitability in Manufacturing Firms the Moderating Role of Firm Size Velia Putri Safira; Bintoro Bagus Purnomo; Anggraini Syahputri; Giriati; Wendy
Journal of Educational Management Research Vol. 5 No. 4 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i4.2818

Abstract

This study aims to analyze the effect of budget management efficiency on corporate financial performance by considering firm size as a moderating variable. Budget management efficiency is measured through three dimensions: operational efficiency, working capital efficiency, and investment decisions, while financial performance is measured using Return on Assets (ROA). This study employs a quantitative approach using panel data regression and Moderated Regression Analysis (MRA). The sample was selected using purposive sampling, resulting in 200 firm-year observations from 40 companies that met the research criteria during the observation period. The results indicate that operational efficiency and investment decisions do not have a significant effect on profitability, whereas working capital efficiency has a positive and significant effect on profitability. Furthermore, firm size does not significantly moderate the relationship between operational efficiency, working capital efficiency, investment decisions, and profitability. These findings imply that effective working capital management is a critical factor in improving financial performance because the optimization of current assets, including cash, receivables, and inventory, directly supports profitability improvement. This study contributes to financial management literature by highlighting the importance of internal resource efficiency rather than company scale in achieving sustainable financial performance.
Environmental, Social, and Governance Performance and Stock Investment Risk: The Distinct Role of the Environmental Dimension Gilberth Haris Aditya Parhusip; Wendy; Anwar Azazi; M. Ridwan Ristyawan; Uray Ndaru Mustika
Journal of Educational Management Research Vol. 5 No. 5 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i5.2849

Abstract

This study aims to examine the effect of Environmental, Social, and Governance (ESG) performance on stock investment risk and to investigate the moderating role of market capitalization in the relationship between ESG performance and stock investment risk. Panel data regression analysis was employed using the Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM). Model selection was conducted through the Chow, Hausman, and Lagrange Multiplier tests, with the Random Effect Model identified as the most appropriate estimation model. The findings reveal that overall ESG performance has no significant effect on stock investment risk. Likewise, the interaction between ESG performance and market capitalization does not significantly moderate the relationship. Further analysis of ESG dimensions shows that the Environmental dimension has a negative and statistically significant effect on stock investment risk at the 10% significance level, while the Social and Governance dimensions do not exhibit significant effects. These findings imply that aggregate ESG performance has not yet become a strong determinant of stock investment risk, although environmental performance may contribute to reducing investment risk. The results provide insights for investors and corporate managers regarding the importance of strengthening environmental practices as part of long-term risk management strategies.
Co-Authors Achmadi Achmadi Ade Elbani Ade Mirza Afifah Afifah Afrizal - Agustina Listiawati Agustina, Dela Ahmad Ernanda Dwi Saputra Ahmad Shalahuddin Ahmad Shalahuddin Ahmad Shalahuddin, Ahmad Aini Nurul Akira Putri Pualam Aktris Nuryanti, Aktris Alhadiansyah Alifa Tauris Miranda Bella Alisa, Alisa Alya Asyura Amanda Dwi Damayanti Amanda, Zhakia Putri Ana Fitriana Ana Fitriana Ana Liana Andi Ihwan Andre Anggraini Syahputri Anggraini Syahputri Anggraini Syahputri Anggraini Syahputri Anggraini Syahputri Annisa Abdullah Anwar Azazi Anwar Azazi Anwar Azazi Arman Jaya Asep Nursangaji Aswandi - Bintoro Bagus Purmono Bintoro Bagus Purnomo Bistari Budiman Sutrisno Catrin Rumondang Cecillia Angelica Precillia Chaniago, Sheren Rahmawati Cinthia Angelica Clarissa Fransisca Daniel Daud, Ilzar Dedi Hariyanto Dela Amiarti Deri Apriadi Dwi Nova Wijaya Dwi Zulfita Edy Suasono Ega Clauvilia Ega Dwi Lestari Eka Purwanda Elly Suharlina Elvi Yuli Machmudah Endang Kristiawati Ericko Ericko Erna Listiana Erna Listiana Erni Djun Astuti Eva Dolorosa Evi Safitri Fahruna, Yulyanti Fajar Fajar Fauzan, Rizky Ferry Hadary Fifani Anggraini, Cinthia Fitri Imansyah Gavin Satria Pangestu Gilberth Haris Aditya Parhusip Girang Permata Gusti Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati, Giriati Halimah, Putri Hamdani - Harry Setiawan Harry Setiawan Hasanudin Hasanudin Hasanudin Helma Malini Helma Malini Helma Malini Helma Malini Helma Malini, Helma Hendry Wijaya Heni Safitri Heni Safitri Heriyadi Heriyadi Heriyadi Heriyadi Heriyadi Heriyadi, Heriyadi Herry Sujaini Ilzar Daud Imam Ghozali Irdhayanti, Efa Ismawartati - Jennifer Wirawan Jhon Stone Esau Ayub Jogiyanto Hartono Joshua Ringgas Matondang Juniwati Juniwati Juniwati Kalis, Maria Christiana Iman Kalista, Apriwina Yulita Khairunnisa Khairunnisa Khristina Yunita Kurnia, Depi Lestari, Eko Budi LIANTI, LIANTI LISTIANA SRI MULATSIH Lucky P, Muhammad M. Irfani Hendri M. Ridwan Ristiyawan M. Ridwan Ristyawan M. Ridwan Ristyawan Mandjar, Sherlla Merlinda Laurencia Maria Christiana I.K Maria Christiana Iman Kalis Mariana Oktasia Marseliana Marseliana Marselina Selie Marwan Asri Mazayatul Mufrihah B11212091 Meilisa Alvita Meiran Panggabean Meisa, Meisa Memet Agustiar Mita Mita, Mita Mochammad Meddy Danial Mochammad Ridwan Ristyawan Mochammad Ridwan Ristyawan Muanuddin - Muhamad Dafa Ilhani Salim Muhamad Risal Tawil Muhammad Aimar Gimnastyar Muhammad Yusuf Muhsin Muhsin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Mustaruddin Saleh Mustarudin Mustarudin Mustarudin Mustarudin Mustika, Uray Ndaru Nanda Nanda Nanda Novita, Nanda Natalia Natalia Nazwa Aaliya Al-Qadri Ndaru Mustika, Uray Nelly, Apri Yeni Nextcell Winoto Vennerico Nindy Febriani Nindy Febriani Ningsih, Kurnia Ningsih, Welly Putri Nur Afifah Nur Afifah Nurmainah - Oviska, Astrid Permata Gusti, Girang Phengdrawan, Jonassen Precillia, Cecillia Angelica Priyo Saptomo Purba, Tiurniari Purwaningsih - Rachmawati Rahmidiyani - Ramadania Ramadania Ramadania Ramadania Ramadania, Ramadania Ratna Herawatiningsih Rayenda Khresna Brahmana Resta Maulita Angreani Riduansyah - Risa Ramadhianti Risal Ristati, Ristati Rizani Ramadhan Rizki Zulfi Akbari Rizky Fauzan Rommy Patra Rosari, Carviena Alia Samsaga, Fika Angry Sandika Utama Sapitri, Elsi Nanda Setia Budi Sholva, Yus Sianturi, Rosita Naomi Siau Yen Siti Hadijah Siti Haisyah Siti Halidjah Siti Hardiyanti Stepanus Sahala Sitompul Stevani Sukma Febrianti Surachman - Sy. Hasyim Azizurrahman Syahbandi Syahbandi Syahputri, Anggraini Syaifurrahman Syaifurrahman Syamswisna , Tanti Yulianingsih Tasya Yusna Ananda Theliya, Theliya Theodora, Cindy Tri Nanda Anugrah Hutasoit Tri Wiyono Kurnianto Uray Ndaru M Uray Ndaru Mustika Uray Ndaru Mustika Uray Ndaru Mustika Uray Ndaru Mustika Uray Ndaru Mustika Uray Ndaru Mustika Uslianti, Silvia Utami, Eva Yuniarti utari, Della Uti Asikin Velia Putri Safira Vennerico, Nextcell Winoto Vicella Vyrcellica Vylexta Viola Viola Vivi Bachtiar Vylexta, Vicella Vyrcellica Wahyu Wijayanto Wahyuni, Adinda Wenny Pebrianti wijaya, dwi nova Winanda Epriyanti Windhu Putra Wisnu Prasetyo Witarsa - Wulansari, Dinda Marsela Yankhi, Yankhi Yasin, Maulana Yen, Siau Yessy Irena Yulianti Yohanes Gatot Sutapa Yuline - Yulis Jamiah Yulyanti Fahruna Yulyanti Fahruna Zubaidah R