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Cognitive Bias on Financial Decision-Making in MSMEs Purnamasari, Imas; Sugiharti, Harpa; Machmud, Amir; Hartika, Nely; Ahiase, Godwin; Acheampong, Kennedy
Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah Vol 20 No 1 (2025): March 2025
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/er.v20i1.14805

Abstract

This study aims to analyze the effect of cognitive bias on the Financial Decision Making of MSME actors in Bandung City. The research method used is descriptive verification with quantitative approach. Data were collected through questionnaires distributed to 385 MSME actors in Bandung City. The variables being studied for independent variables are overconfidence bias, confirmation bias, herding bias, anchoring bias, hindsight bias, the illusion of control bias, loss aversion bias, endowment bias, regret aversion bias, and status quo bias, while for the dependent variable is Financial Decision Making. Regression results show that overconfidence bias and loss aversion bias positively affect financial decision-making, while the illusion of control bias has a negative effect. Other cognitive bias variables do not affect Financial Decision Making. Cognitive biases that cause suboptimal financial decisions can hinder the productivity of MSMEs, this can affect the contribution of the MSME sector to the National Gross Domestic Product.
Cognitive Bias on Financial Decision-Making in MSMEs Purnamasari, Imas; Sugiharti, Harpa; Machmud, Amir; Hartika, Nely; Ahiase, Godwin; Acheampong, Kennedy
Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah Vol 20 No 1 (2025): March 2025
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/er.v20i1.14805

Abstract

This study aims to analyze the effect of cognitive bias on the Financial Decision Making of MSME actors in Bandung City. The research method used is descriptive verification with quantitative approach. Data were collected through questionnaires distributed to 385 MSME actors in Bandung City. The variables being studied for independent variables are overconfidence bias, confirmation bias, herding bias, anchoring bias, hindsight bias, the illusion of control bias, loss aversion bias, endowment bias, regret aversion bias, and status quo bias, while for the dependent variable is Financial Decision Making. Regression results show that overconfidence bias and loss aversion bias positively affect financial decision-making, while the illusion of control bias has a negative effect. Other cognitive bias variables do not affect Financial Decision Making. Cognitive biases that cause suboptimal financial decisions can hinder the productivity of MSMEs, this can affect the contribution of the MSME sector to the National Gross Domestic Product.
Pengaruh Financial Attitude dan Lifestyle Terhadap Personal Financial Management (Studi pada Kalangan Mahasiswa S1 Fakultas Ekonomi dan Bisnis Universitas Pendidikan Indonesia) Wulandari, Suci; Purnamasari, Imas; Sulastri, Sulastri
Strategic : Jurnal Pendidikan Manajemen Bisnis Vol 25, No 2 (2025): Strategic
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/strategic.v25i2.85888

Abstract

This study aims to analyze the influence of financial attitude and lifestyle on personal financial management among undergraduate students of the Faculty of Economics and Business, State University in Bandung City. The research method used in this study is a descriptive method and a verification method with the unit of analysis being undergraduate students of the Faculty of Economics and Business, State University in Bandung City with a population of 11,704 students and a sample of 352 respondents using purposive sampling with software IBM SPSS AMOS version 22 for Windows. The data was processed using the Structural Equation Modeling (SEM) method. The results of the study indicate that financial attitude and lifestyle have a significant and positive effect on personal financial management both partially and simultaneously, this is indicated by the magnitude of the critical ratio which is greater than the minimum value. The implications of the study indicate that the better the financial attitude and the more positive the lifestyle of the undergraduate students, the better the ability in personal financial management among undergraduate students of the Faculty of Economics and Business, State University in Bandung City. In addition, the results of this study can also be a basis for educational institutions and the financial industry to develop educational programs and services that support strengthening financial attitudes and a wiser lifestyle. By understanding these dynamics, undergraduate students at the Faculty of Economics and Business, State University in Bandung City can develop appropriate strategies in managing their personal finances.
Kegiatan Latihan Rutin Ekstrakurikuler PMR Menjadi Upaya Untuk Menanamkan Kepedulian Sosial Siswa Purnamasari, Imas; Yomi Romlah, Oom; Trihastuti, Meiwatizal
Mores: Jurnal Pendidikan Hukum, Politik, dan Kewarganegaraan Vol. 7 No. 2 (2025): PPKN dan POLSOSBUD
Publisher : STKIP Pasundan

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

Abstract

This research is motivated by the low social awareness among students due to globalization. Extracurricular activities such as PMR can be one of the efforts in developing social care among students. The purpose of this study was to describe the form of cultivation of students' social care through PMR extracurricular activities at SMK Pasundan 1 Cimahi. The method used in this research is a qualitative approach, the type of research used is field research. The results showed that, the form of cultivating students' social care was in the form of orientation period activities or DIKLAT, routine training every week, medical assignments and maximizing activities carried out by PMR extracurricular activities.
Co-Authors A Sobandi Abdul Rozak ACHEAMPONG, KENNEDY Adi Sopian Adityani, Edna Ayu Aggi Panigoro Sarifiyono Ahiase, Godwin Ahim Surachim Amani, Akbar Riskal Amir Machmud, Amir Andrieta Shintia Dewi Anggun Mutia Anisa Anisa Arie Gunawan Arvian Triantoro Asti Nur Aryanti Auliadara, Nurul Azizah Fauziyah Budi Purnomo Budi Purnomo Budi Purnomo Budi S Purnomo Ciptagustia, Annisa Dadan Samsul Badar Dematria Pringgabayu Desty Endrawati Subroto Dewi Puspasari Dian Hardiana Disman Disman Disman, Disman Doni Dirgantara Eded Tarmedi, Eded Egi Arvian Firmansyah, Egi Arvian Elan Elan Elsa, Yulandri Elva Herlianti Esi, Esi Fitriani Komara Fanni Husnul Hanifa Fauziyyah, Nur Azizah Fitri Novilia Fitri, Irma Kurnia Frido Saritua Simatupang Gunawan, Ashari H. Nugraha Hari Mulyadi Hari Mulyadi, Hari Hari Supriadi Hartika, Nely Heny Hendrayati Heraeni Tanuatmodjo Herilna Herlina, Herilna Heryana, Toni Ikaputera Waspada, Ikaputera Irawan, Sopyan Irma Kurnia Fitri Iskandar Iskandar Janah Sojanah, Janah Khoirunnisa, Fairuz Kurjono Kurjono Kurjono, Kurjono Kusuma, Andita Delya Latifah, Widi Asih Noor Leni Yuliyanti, Leni Leonita Siwiyanti M. Arief Ramdhany Mardiani, Rika Maula, Sam Alpha Maya Sari Maya Sari Maya Sari Mayasari Mayasari, Mayasari Ma’sum, Hadiansyah Medyawicesar, Hana Meiwatizal Trihastuti Miftakul Huda Mohammad Solehudin Muhamad Fikri, Muhamad Muhamad Syahwildan Muhamat, Amirul Afif Muhammad Ifan Fadillah Mulyani, Heni Mulyani, Heni Muthahhari, Muhammad Husain Navik Istikomah Nely Hartika Neng Susi Susilawati Sugiana Nugraha Nugraha Nugraha Nugraha Nugraha Nugraha Nugraha Nurgraha Nugrahanti, Pipin Nurmansyah, Abdul Ahmad Hafidh Palupi Permata Rahmi Permatasari, Ghaisani Ayu Purnomo, Budi Supriatono Rahim, Sarah Aulia Rahmat Fajar Santoso Muslim Rahmawati, Fuji Rani, Asni Mustika Rawati, Fitrin Rena Yuliana Rengga Madya Riske Faldesiani Rosyidah Rahmah Satria, Rita Septiany Maulani Soraya Shafira Nur Simatupang, Frido Saritua Siti Havidotinnisa Suci Wulandari Sugiharti, Harpa Sukardi, Hadi Ahmad Sulastri Sulastri SUSAN SUSANTI, SUSAN Suwatno Suwatno Syifa Pramudita Faddila Tarsih Tarsih Thomas Nadeak Tia Yuliawati Utama, Wahyudayanto Yayat Supriyatna Yomi Romlah, Oom Yuki Dwi Darma Yulandri, Elsa Yulianty, Puspa Dewi Yusuf Suryana Zainol, Fakhrul Anwar