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All Journal El Dinar Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Jurnal Ekonomi dan Studi Pembangunan (Journal of Economics and Development Studies) EKONOMIS : Journal of Economics and Business Educate : Jurnal Teknologi Pendidikan MBIA Jurnal Ulunnuha Jurnal Inovasi Ekonomi Abdimas Galuh: Jurnal Pengabdian Kepada Masyarakat JMK Jurnal Manajemen dan Kewirausahaan Journal of Islamic Economics and Finance Studies Jurnal Ilmu Ekonomi dan Sosial (JIES) Jurnal Pengabdian dan Pemberdayaan Masyarakat Kepulauan Riau (JPPM KEPRI) Mangente: Jurnal Pengabdian kepada Masyarakat An-Nisbah: Jurnal Ekonomi Syariah Khidmah Nusantara Optimum: Jurnal Ekonomi dan Pembangunan
Nora Ria Retnasih
Universitas Islam Negeri Maulana Malik Ibrahim Malang
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Nursing Public Health Social Sciences Other

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Journal : MBIA

 1 
Comparative Study of Financial Soundness of State and Private Banks in Indonesia Miladiatur Rahmah; Nora Ria Retnasih
MBIA Vol 22 No 1 (2023): Management, Business, and Accounting (MBIA)
Publisher : Direktorat Riset dan Pengabdian kepada Masyarakat Universitas Bina Darma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33557/mbia.v22i1.2199

Abstract

This study aims to investigate the impact of bank soundness on the return on assets (ROA) experienced by state and private banks over the 2016-2022 fiscal quarters. In this study, a quantitative research method employing secondary data obtained through the official website of the OJK (Financial Services Authority) was used as the research methodology. For this investigation, the panel data regression analysis carried out in EViews 9 was the analytical tool. According to research on state banks, the CAR and LDR variables have only a partially significant effect on ROA. Notwithstanding this, ROA is significantly influenced by the NPL and NIM variables. On the other hand, private banks provide some evidence suggesting that the CAR and NPL variables do not have a significant impact on ROA. Several LDR and NIM variables significantly influence ROA. Keywords: Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Net Interest Margin (NIM), Non-Performing Loan (NPL), Return On Asset (ROA). Abstrak Tujuan dari penelitian ini adalah untuk mengetahui pengaruh tingkat kesehatan bank terhadap return on asset (ROA) pada bank pemerintah dan swasta periode triwulan 2016-2022. Dalam penelitian ini menggunakan metode penelitian kuantitatif dengan menggunakan data sekunder yang diperoleh melalui situs resmi OJK (Otoritas Jasa Keuangan). Alat analisis yang digunakan dalam penelitian ini adalah analisis regresi data panel menggunakan E-Views 9. Berdasarkan hasil penelitian pada bank pemerintah, secara parsial variabel CAR dan LDR tidak berpengaruh signifikan terhadap ROA. Namun variabel NPL dan NIM berpengaruh secara signifikan terhadap ROA. Di sisi lain, bank swasta menunjukkan bahwa variabel CAR dan NPL tidak berpengaruh signifikan terhadap ROA. Sedangkan variabel LDR dan NIM berpengaruh secara signifikan terhadap ROA. Kata kunci: Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Net Interest Margin (NIM), Non-Performing Loan (NPL), Return On Asset (ROA).
The Challenge of Behavioral Bias in Investment Decisions of PT Mirae Asset Sekuritas Users in Malang City Kurniawan, Mochamad Riski Fajar; Retnasih, Nora Ria
MBIA Vol. 24 No. 3 (2025): Management, Business, and Accounting (MBIA)
Publisher : Direktorat Riset dan Pengabdian kepada Masyarakat Universitas Bina Darma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33557/9tcgz584

Abstract

Cognitive biases such as loss aversion and herding bias often influence investment decision-making, particularly among retail investors amidst macroeconomic uncertainty due to heated geopolitics, leading to Fear of Missing Out (FOMO) events, which reinforce these behavioral biases when making investment decisions. This study aims to investigate how loss aversion and herding bias influence investment decisions through FOMO, which serves as an intervening variable among investors using the services of PT Mirae Asset Sekuritas in Malang City, with a population of 8,634 investors. The researchers employed an exploratory quantitative design, using a survey method to collect data via an online questionnaire distributed to 100 respondents selected through purposive sampling. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that the direct influence of loss aversion and herding bias has a positive but insignificant effect on investment decisions. Conversely, loss aversion and herding bias have a positive and significant direct influence on FOMO. However, FOMO does not significantly influence investment decisions and is unable to mediate the indirect relationship between loss aversion and herding bias and investment decisions. These findings indicate that although investors experience psychological pressure in the form of FOMO due to behavioral bias, their investment decisions are ultimately based more on rational considerations and self-analysis, supported by financial literacy and access to education from brokers. These results highlight the importance of strengthening financial literacy based on behavioral finance and the need to monitor investment content on digital platforms to mitigate the impact of psychological bias. Keywords: Loss Aversion, Herding Bias, Fear of Missing Out (FOMO), Investment Decisions, Behavioral Finance. Abstrak Bias kognitif seperti loss aversion dan herding bias sering memengaruhi pengambilan keputusan investasi, khususnya di kalangan investor ritel di tengah ketidakpastian makroekonomi akibat geopolitik yang memanas, yang menyebabkan peristiwa Fear of Missing Out (FOMO) memperkuat bias perilaku tersebut ketika mengambil keputusan investasi. Studi ini bertujuan untuk menyelidiki bagaimana loss aversion dan herding bias memengaruhi keputusan investasi melalui FOMO, yang berfungsi sebagai variabel intervening di antara investor yang menggunakan jasa PT Mirae Asset Sekuritas di Kota Malang, dengan populasi 8.634 investor. Peneliti menggunakan desain penelitian kuantitatif eksploratif dengan metode survei untuk mengumpulkan data melalui kuesioner online yang didistribusikan kepada 100 responden yang dipilih menggunakan teknik purposive sampling. Analisis data dilakukan menggunakan metode Partial Least Squares-Structural Equation Modeling (PLS-SEM). Hasil pengaruh loss aversion dan herding bias menunjukkan pengaruh positif tetapi tidak signifikan terhadap keputusan investasi. Sebaliknya, loss aversion dan herding bias memiliki pengaruh langsung yang positif dan signifikan terhadap FOMO. Namun, FOMO tidak secara signifikan memengaruhi keputusan investasi dan tidak mampu memediasi hubungan tidak langsung antara loss aversion dan herding bias dengan keputusan investasi. Temuan ini menunjukkan bahwa meskipun investor mengalami tekanan psikologis dalam bentuk FOMO karena bias perilaku, keputusan investasi mereka pada akhirnya lebih didasarkan pada pertimbangan rasional dan analisis pribadi, yang didukung oleh literasi keuangan dan akses terhadap pendidikan dari pialang. Selain itu penting memperkuat literasi keuangan berdasarkan keuangan perilaku dan perlunya memantau konten investasi di platform digital untuk mengurangi dampak bias psikologis. Kata kunci: Loss Aversion, Herding Bias, Fear of Missing Out (FOMO), Keputusan Investasi, Behavioral Finance.
Co-Authors Budianto, Eka Wahyu Hestya Dian Novita Sari Dwi Wulandari Eko Zulfikar Fadlil Abdani Grisvia Agustin Ikhsan Maksum Irawan, Fiki Shabri Khuzrotun Ainin Kurniawan, Mochamad Riski Fajar Masyhuri Masyhuri Miladiatur Rahmah Muhammad Ikhsanullah Muhammad Nur Kholilul Firdaus Nur Fitriyah Ayu Tunjung Sari Ray, Ade Reza Sarif Riri Novianti Rohmah, Nur Halizah Aulia Rosya Mawaddah Susanto Ryan Basith Fasih Khan Segaf Septiana, Yuvi Putri Setiani Setiani Setiani, Setiani Siswanto Siswanto Syahda, Putri Eliza Yulia Maris Herdianti, Yulia Maris