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A Financial Playbook for Making Investment Decisions Musa, Muhammad Ichwan; Aslam, Annisa Paramaswary; Aswar, Nurul Fadilah; Syahrul, Khaidir; Parawansa, Jalaluddin Mannagalli
Media Ekonomi dan Manajemen Vol 39, No 1 (2024): January 2024
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v39i1.4446

Abstract

This study examines the influence of gender, age, education, living area and marital status as socio-demographic indicators and  financial literacy toward investment decisions. The research was conducted in South Sulawesi, Indonesia with 167 respondents. The sample used was purposive sampling, with the specific criteria for the level of Indonesian wealth. Quantitative methods and a problem-solving approach were used. We found that gender has a negative and significant effect, education, living area, and marital status positively and significantly affect investment decisions. Women tend to prefer low-risk investments compared to men largely attributed to lower levels of financial literacy among women. In terms of education, investors with higher levels of education are more likely to make more informed investment decisions as they demonstrate improved risk management skills and a higher level of financial literacy. The living area also influences their investment decisions, with urban investors having easier access to information and knowledge about investments. Marital status also affects investment decisions, as married investors often prioritize the responsibility of their investments. However, age have a negative and not significant on investment decisions. This can be explained by the higher number of younger people becoming involved in investment decisions.
PENGARUH PROFITABILITAS, LEVERAGE, DAN SUSTAINABILITY DISCLOSURE TERHADAP NILAI PERUSAHAAN SEKTOR ENERGI DI BURSA EFEK INDONESIA TAHUN 2020–2023 Upriani, Upriani; Anwar, Anwar; Nurman, Nurman; Musa, Muh Ichwan; Aslam, Annisa Paramaswary
Jurnal Manajemen dan Bisnis Vol. 8 No. 1 (2026): Jurnal Manajemen dan Bisnis Baja (JUMANIS BAJA)
Publisher : LPPM Universitas Banten jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47080/jmb.v8i1.3978

Abstract

This study examines the effect of profitability, leverage, and sustainability report disclosure on firm value in energy sector companies listed on the Bursa Efek Indonesia during the 2020–2023 period. The increasing demand for sustainability transparency and environmental, social, and governance (ESG) practices has encouraged companies to improve financial performance and sustainability disclosure to enhance firm value. This research employed a quantitative explanatory approach using panel data regression analysis. The population consisted of energy sector companies listed on the stock exchange, with 16 companies selected through purposive sampling. Secondary data were obtained from annual and sustainability reports. Data analysis was conducted using EViews 13 software. The results indicate that profitability and leverage have a positive and significant effect on firm value. Meanwhile, sustainability report disclosure does not significantly affect firm value. Simultaneously, profitability, leverage, and sustainability disclosure significantly influence firm value. These findings provide insights for investors and corporate management regarding the importance of financial performance and sustainability disclosure in enhancing firm value
Analisis Literasi Keuangan dan Dampaknya terhadap Kesejahteraan Rumah Tangga Petani Sayuran Ayu Kartini Parawansa; Aslam, Annisa Paramaswary
Jurnal Riset Rumpun Ilmu Tanaman Vol. 5 No. 1 (2026): April: JURRIT: Jurnal Riset Rumpun Ilmu Tanaman
Publisher : Pusat riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrit.v5i1.8667

Abstract

This study aims to analyze the level of financial literacy and examine its influence on the household welfare of vegetable farmers. Agricultural households, particularly smallholder vegetable farmers, frequently experience economic vulnerability due to several structural challenges such as unstable agricultural income, seasonal production patterns, fluctuating market prices, limited access to formal financial services, and inadequate financial management skills. These conditions often make farm households more susceptible to economic shocks, including crop failure, input price increases, or sudden market price declines. In this context, financial literacy becomes an essential capability that enables farmers to manage their financial resources more effectively.This research employed a quantitative research design using a survey approach. The study involved 120 vegetable farmers selected as respondents from major vegetable-producing areas. Data were collected through structured questionnaires designed to measure farmers’ financial literacy levels and household welfare conditions. Financial literacy was assessed through indicators such as financial knowledge, financial behavior, and financial attitudes, while household welfare was evaluated based on indicators including consumption stability, education and health expenditures, savings capacity, and overall economic resilience. The collected data were analyzed using descriptive statistics to describe the characteristics and financial literacy levels of respondents, and multiple linear regression analysis to examine the relationship between financial literacy and household welfare.The results of this study highlight the importance of strengthening financial education programs targeted at agricultural communities. Improving financial literacy among vegetable farmers can contribute not only to better household financial management but also to broader rural economic development. Therefore, financial education initiatives should be integrated into agricultural extension programs, farmer group activities, and local government development strategies. Such initiatives may include training in household financial planning, simple bookkeeping for farm businesses, savings management, and responsible credit use. By enhancing farmers’ financial capabilities, these programs can help improve household welfare, strengthen rural economic resilience, and support the long-term sustainability of the agricultural sector.
Literasi Keuangan dan Pertanian Kakao Berkelanjutan Ayu Kartini Parawansa; Aslam, Annisa Paramaswary; Kalla, Rastina
Jurnal Riset Rumpun Ilmu Tanaman Vol. 4 No. 2 (2025): Oktober : JURRIT: Jurnal Riset Rumpun Ilmu Tanaman
Publisher : Pusat riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrit.v4i2.8668

Abstract

Cocoa farming is one of the plantation subsectors that plays a strategic role in Indonesia’s economy, as it contributes to increasing farmers’ income, national exports, and the development of the chocolate processing industry. Indonesia is recognized as one of the world’s largest cocoa producers, with major production areas located in Sulawesi, particularly South Sulawesi, Central Sulawesi, and Southeast Sulawesi. However, the sustainability of cocoa farming still faces various challenges, such as low crop productivity, the use of low-quality seedlings, suboptimal cultivation techniques, and the presence of pests and plant diseases. In addition, limited access to capital and the low level of farmers’ financial management skills also affect the sustainability of cocoa farming. Many farmers do not yet have proper farm financial record-keeping systems, making it difficult to manage production costs, cash flow, and farm capital planning. In this context, financial literacy becomes an important factor that can help farmers manage their farming activities more effectively and sustainably. This study aims to analyze the effect of financial literacy on the sustainability of cocoa farming and farmers’ welfare. The research employs a quantitative approach using a survey method involving 120 cocoa farmers in Sidenreng Rappang Regency (Sidrap), South Sulawesi. Data were collected through questionnaires and interviews and then analyzed using multiple linear regression analysis. The results indicate that financial literacy has a positive and significant effect on farm financial management and the sustainability of agricultural businesses. Farmers with higher levels of financial literacy tend to manage farm capital more effectively, maintain proper financial records, and improve farm productivity. Therefore, improving financial literacy can become
Analysis of Financial Performance Between Banking and Non-Bank Financial Institutions: Evidence from PT Bank Central Asia Tbk and PT Mandala Multifinance Tbk Aslam, Annisa Paramaswary
Maksimal Jurnal : Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya, Teknologi, Dan Pendidikan Vol 3 No 3 (2026): February
Publisher : Abadi Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/meta-journal.v3i3.400

Abstract

This study aims to analyze and compare the financial performance of banking institutions and non-bank financial institutions in Indonesia through a case study of PT Bank Central Asia Tbk (BCA) and PT Mandala Multifinance Tbk. The research employs a descriptive comparative approach using financial statement data from 2022 to 2024. The analysis focuses on financial position statements, income statements, and key financial ratios that reflect profitability, operational efficiency, asset quality, and capital structure. The results show that BCA has significantly larger assets and more stable profitability compared to Mandala Multifinance due to its banking intermediation function and access to public deposits. Meanwhile, Mandala Multifinance demonstrates relatively higher asset turnover and return on assets due to its focus on consumer financing activities. In terms of operational efficiency, BCA shows stronger performance with a lower operating expense ratio, whereas Mandala Multifinance has higher operational costs due to the nature of consumer financing operations. The findings indicate that although both institutions operate in the financial industry, differences in business models and funding sources result in distinct financial performance characteristics.
ANALISIS LITERASI KEUANGAN PETANI KAKAO TERHADAP KESEJAHTERAAN USAHA TANI Parawansa, Ayu Kartini; Aslam, Annisa Paramaswary
Juremi: Jurnal Riset Ekonomi Vol. 5 No. 5 (2026): Maret 2026
Publisher : Bajang Institute

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

Abstract

Sektor pertanian merupakan salah satu sektor penting dalam perekonomian Indonesia karena berperan dalam menyediakan lapangan pekerjaan, sumber pendapatan masyarakat pedesaan, serta ketahanan pangan nasional. Salah satu komoditas perkebunan yang memiliki kontribusi besar terhadap perekonomian daerah adalah kakao, khususnya di Sulawesi Selatan. Namun demikian, petani kakao masih menghadapi berbagai permasalahan seperti rendahnya produktivitas, keterbatasan akses permodalan, serta rendahnya kemampuan dalam mengelola keuangan usaha tani. Kondisi tersebut menunjukkan bahwa tingkat literasi keuangan petani masih relatif rendah sehingga mempengaruhi kesejahteraan ekonomi rumah tangga petani. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan terhadap pengelolaan keuangan usaha tani serta kesejahteraan petani kakao. Metode penelitian menggunakan pendekatan kuantitatif dengan teknik survei terhadap 120 petani kakao di Kabupaten Sidenreng Rappang (Sidrap), Sulawesi Selatan. Data dikumpulkan melalui kuesioner dan dianalisis menggunakan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa literasi keuangan memiliki pengaruh positif dan signifikan terhadap kemampuan pengelolaan keuangan usaha tani serta peningkatan kesejahteraan petani. Petani dengan tingkat literasi keuangan yang lebih baik cenderung mampu melakukan pencatatan keuangan, pengelolaan modal usaha, serta pengambilan keputusan ekonomi secara lebih rasional. Oleh karena itu, peningkatan literasi keuangan menjadi strategi penting dalam mendukung keberlanjutan ekonomi pertanian dan peningkatan kesejahteraan petani.
Do Economic Literacy and Digital Literacy among Business Actors registered in the Grab Application Contribute to Entrepreneurial Behavior? Annisa Paramaswary Aslam
Pinisi Journal of Entrepreneurship Review Vol. 1 No. 2 (2023): Pinisi Journal of Entrepreneurship Review
Publisher : Universitas Negeri Makassar

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

Abstract

This study aims to examine whether economic literacy and digital literacy among business people registered in the grab application contribute to entrepreneurial behavior. The type of approach used is a quantitative approach, the data source used is primary data with 97 respondents. The analysis method used is descriptive analysis and statistical analysis consisting of classical assumption test, multiple linear regression analysis, hypothesis testing, correlation analysis, coefficient of determination, validity test and reliability test. The results showed that there is a positive and significant relationship between economic literacy and digital literacy variables on entrepreneurial behavior. This means that economic literacy and digital literacy contribute to shaping entrepreneurial behavior in business actors registered in the Grab Application in Makassar City. These findings provide important implications for business actors in the culinary sector in Makassar city. In improving entrepreneurial behavior, they need to improve their understanding of economic concepts and make better use of digital technology. Participating in training and economic literacy programs can help business actors develop knowledge and skills relevant to the business world.
Analysis of Working Capital Turnover on Profitability: A Case from PT Telekomunikasi Indonesia, Tbk Annisa Paramaswary Aslam
Fundamental and Applied Management Journal Vol. 1 No. 1 (2023): Fundamental and Applied Management Journal
Publisher : Global Research Collaboration

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Abstract

This study aims to analysis about the turnover of working capital on profitability at PT. Telekomunikasi Indonesia Tbk. In addition, this study purpose to know about the impact of The Covid-19 for the telecommunications sector. The pandemic has changed the needs and lifestyles of people who rely heavily on internet access and the government's hard work to uniformly distribute digital infrastructure across Indonesia. The sample set is the balance sheet and income statement at PT Telekomunikasi Indonesia Tbk for the 2015-2021. The data used in this research is secondary data from the published financial reports of PT. Telekomunikasi Indonesia Tbk through the Indonesia Stock Exchange (IDX) website. The results showed that high working capital turnover was not followed by a high level of profitability, and working capital turnover was low it resulted in a high level of profitability.
Implementation of Enterprise Architecture Zachman Framework at PT. Shopee Internasional Indonesia (Shopee Application) Aslam, Annisa Paramaswary; Rahayu, Widuri; Isma, Andika
Indonesian Journal of Enterprise Architecture Vol. 1 No. 1 (2023): Indonesian Journal of Enterprise Architecture
Publisher : Global Research and Collaboration

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Abstract

The development of information technology and increasingly fierce competition in business life requires companies to have a strong and efficient information architecture to optimize their business. The framework that can be used to develop information architecture is the Zachman Framework. The purpose of this research is to examine the implementation of the Zachman Framework in the context of developing information architecture at Shopee. The results showed that the Zachman Framework provides a comprehensive framework for the development of Shopee's information architecture. Elements of the Zachman Framework such as perspectives (who, what, when, where, why, how), objects (data, activities, networks, people, time, motivation), and usage can be used to describe and organize various aspects of an enterprise's information architecture. The implementation of the Zachman Framework helps Shopee design, analyze, and design information systems that suit the company's business needs and strategies.
Implementation of Enterprise Architecture Zachman Framework at Jewelry Company Aslam, Annisa Paramaswary; Fadlurahman, Hannan; Vandika, Arnes Yuli; Arnanda, Muh Arnesta; Abdillah, Muh Reza
Indonesian Journal of Enterprise Architecture Vol. 1 No. 2 (2024): Indonesian Journal of Enterprise Architecture
Publisher : Global Research and Collaboration

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Abstract

Jewelry Company is a company that produces jewelry by providing the best quality to its consumers. In its development, the jewelry company has a factory that produces various types of jewelry including gold, silver, ruby, gems, topaz and sapphire. However, IS/IT planning within the company is still not maximizing the use of IS/IT that should be implemented within a company. Therefore, this company needs a more strategic planning to support business goals that are in line with business strategy and IS/IT strategy. Enterprise Architecture Planning was chosen as a guide and the Zachman Framework as a design method which consists of six lines, namely scope, enterprise model, system model, technology constrained model, retailed representations, and functioning enterprise, as well as six columns consisting of what, how, where, who, when, and why. The results of this research are a proposed architectural design that is recommended to companies, which is expected to fully support ongoing business activities so that they are more optimal and effective.
Co-Authors Abadi, Rahmat Riwayat Abadi, Ridfan Rifaldy Abdi Akbar Idris Abdillah, Muh Reza Agung Widhi Kurniawan Amalia, Regina Amin , Andi Mustika Andi Asmawati Azis Andi Citra Pratiwi Andi Dewi Angreyani Andi Mustika Amin Andika Isma Angraeni, Erni Angreyani, Andi Dewi Anugrah, Fira Anwar Anwar Anwar Anwar Anwar Ramli Anwar, Indah Lestari Arissoma, Muhammad Anggit Gagat Arnanda, Muh Arnesta Arnes Yuli Vandika Aslam, Achmad Yassin Zidan Akram Asri Awal Ayu Kartini Parawansa Ayu Kartini Parawansa Ayu, Dian Fajar Ayu, Reski Burhanuddin Burhanuddin Burhanuddin Darmawinata, Widhi Nugraha Sumiharja Dipoatmodjo, Tenri S.P Dipoatmodjo, Tenri SP Dwi Anugerah Lestari Musa Fadlurahman, Hannan Farid, A Muhammad Firdaus Daud Fitriani Rahim Fudjaja, Letty Haeruddin , Muhammad Ilham Wardhana Haeruddin, Muhammad Ilham Wardhana Haeruddin Haliza, Nur Hamid, Muliana Gunawan Hanafi, Anhar Ahmad Syah Hanafi, Kartini Hannan Fadlurahman Hardiyanti, Andi Aryani Hasbiah, Siti Hety Budiyanti, Hety Idris, Abdi Akbar Idris, Muhammad Istiyansyah Ulman Ilma Wulansari Hasdiansa Indri Iswardhani Ipoatmodjo, Tenri S. P. D Irma Satriani Irma Satriani, Irma Isma Azis Riu Juliani Khairul, Nila Kalla, Rastina Kesuma, Sulfadli Adi Jaya Khadija, Sitti Kristina W. Parinsi Kusuma, Sulfadli Adijaya M Taslim Dangnga M. Ikhwan Maulana Haeruddin Maghfirah Sultan, Nurul Malika, Safinah Aisya Mansyur, Muthmainnah McMahon, Peter J. Muh Al Fatah Arief Putra Muh Arnesta Arnanda Muh Reza Abdillah Muh. Yushar Mustafa Muhammad Ardiansyah Muhammad Ridwan Muhammad Yasir Mukarram, Hadratul Musa , Muhammad Ichwan Musa, M. Ichwan Musa, Muh Ichwan Musa, Muhammad Ichwan Mushawwir , Shaleh Afief A Mushawwir, Shaleh Afief A Mustafa, Fahrina Mustafa, Riad Natsir, Uhud Darmawan Nugraha , Rahmat Nurul Prima Nur, Sulistiwati Nurgraha SD, Widhi Nurhidayanti, Helmi Nurman Nurman Nurman Nurman Nurman Nurul Aulia Nisa Nurul Fadilah Aswar Palangkey, Nurul Rahmi Parawansa, Dian Anggraece Sigit Parawansa, Jalaluddin Mannagalli Patigana, A Gita Namira Pole, Yogi Adnal Fathirullah Pratiwi, Andi Citra Primawalda, Az-zahra Rizqi Putra , Muh Al Fatah Arief Putra, Muh Al Fatah Arief Putra, Muh. Al Fatah Arief Putri, Ariella Ramadhani Qhalby, Zakira Rahayu, Widuri RAHMAT SETIAWAN Rahmat, Muhammad Rijal Alim Ramadhani, Gina Ramadhani, Khusnul Khatimah Putri Ramli , Anwar Rauf, Deddy Ibrahim Regina Regina Rezky Amalia Hamka Rezky Amalia Hamka Ridfan Rifadly Abadi Rifda Rahmah Bamatraf Romansyah Sahabuddin Sapira, Amani Sahra Saputra, Aria Sari, Risa Arsita Sitti Hasbiah Sombeng, Andi Rini Hastuti Syafikah, Nurul Syahrul, Khaidir Syam, Muh. Lutfi Syardiansyah Syarif Saddam Rivanie Taufik, Anisya Devinta Taufik, Finta Anindhita Tawe, Amiruddin Tenri Sayu Puspitaningsih Dipoatmodjo Uhud Darmawan Natsir Upriani, Upriani Wahyudin Wahyudin Widhi Kurniawan, Agung Widuri Rahayu Wilda Wilda Wulansary, Ilma