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The Influence of Firm Size, Return on Assets, and Debt to Equity Ratio on Bond Ratings with Earnings Management as an Intervening Variable in Financial Companies on the Indonesian Stock Exchange From 2022 to 2024 Nurhayati, Aisah Dwi; Safitri, Heni; Hariyanto, Dedi
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2. (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12697

Abstract

This study aims to examine the influence of firm size, Return on Assets (ROA), and Debt to Equity Ratio (DER) on bond ratings with earnings management as an intervening variable in financial companies listed on the Indonesian Stock Exchange from 2022 to 2024. Bond ratings are crucial for assessing the risk of bond defaults, and understanding the factors that influence these ratings can help companies, investors, and rating agencies make better decisions. Firm size, ROA, and DER have been identified as key financial indicators that affect bond ratings, but the role of earnings management as an intervening factor in this relationship remains underexplored. This study uses a purposive sampling method, focusing on 43 financial companies with investment-grade bond ratings. The data analysis includes financial ratio analysis, path analysis, and several classical assumption tests to ensure the validity of the regression model. The results of this study show that firm size, ROA, and DER do not have a significant direct or indirect influence on bond ratings. The coefficient of determination (R²) indicates that only 5.9% of the variation in bond ratings can be explained by these variables. These findings suggest that factors other than financial ratios, such as macroeconomic conditions or industry stability, may play a more significant role in determining bond ratings. The study recommends further research to explore additional variables and alternative methods for better understanding bond rating dynamics.
The Effect of Investment Motivation, Return, and Risk Perception on Stock Investment Decision-Making Among Investors in Pontianak City Salsabila, Putri Aurora; Hariyanto, Dedi; Safitri, Heni
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2. (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12689

Abstract

This study aims to analyze the influence of investment motivation, return, and risk perception on stock investment decision-making among investors in Pontianak City. The method used is associative with a sample of 150 respondents selected using purposive sampling. The instruments were tested for validity, reliability, and classical assumptions such as normality, linearity, and multicollinearity. Data analysis used multiple linear regression, correlation tests, determination coefficients, and simultaneous and partial tests. The results of the multiple linear regression indicate that the three independent variables positively contribute to stock investment decisions. The correlation coefficients show a strong relationship between investment motivation, return, and risk perception with investment decisions. The coefficient of determination indicates that most of the variation in investment decisions can be explained by the three variables, while the rest is influenced by factors outside this study. Simultaneous tests show a significant combined effect of investment motivation, return, and risk perception on stock investment decisions. Partial tests indicate that investment motivation, return, and risk perception each have a positive and significant effect on stock investment decisions. This study confirms the importance of motivation, return expectations, and risk perception in determining investor decisions in the stock market in Pontianak.
The Influence of Financial Literacy, Financial Inclusion, and Ease of Use of the QRIS System on the Business Continuity of Culinary MSMEs in Pontianak City Khairunnisa, Hanna; Safitri, Heni; Hariyanto, Dedi
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2. (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12703

Abstract

This study aims to analyze the influence of Financial Literacy, Financial Inclusion, and Ease of Use of the QRIS System on the Business Continuity of MSMEs in the culinary sector in Pontianak City. Employing a quantitative approach with an associative method and involving 150 respondents selected through purposive sampling, data were collected via questionnaires and analyzed using multiple linear regression with the assistance of SPSS. The findings indicate that, simultaneously, the three independent variables have a significant effect on business continuity. Partially, Financial Literacy and Ease of Use of QRIS show significant effects on business continuity, while Financial Inclusion does not demonstrate a significant impact. The coefficient of determination (R²) is 0.385, suggesting that 38.5% of the variation in business continuity can be explained by the three variables. These results underscore the importance of enhancing financial literacy and utilizing accessible technology to support the sustainability of MSMEs. Therefore, it is recommended that MSME actors strengthen their financial literacy and maximize the use of QRIS in daily operations. Meanwhile, the government and supporting institutions are encouraged to expand access to digital financial literacy training and to develop a more inclusive financial system. For future research, it is advisable to include additional variables such as service quality or business innovation and to consider mixed-method approaches and broader geographic coverage to obtain more comprehensive insights.
The Influence Of Consumptive Behavior, Overconfidence, And Loss Aversion On Stock Investment Decisions With Risk Tolerance As An Intervening Variable Cilci, Riri Fitria; Safitri, Heni; Hariyanto, Dedi
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2. (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12683

Abstract

This study aims to examine the effect of consumptive behavior, overconfidence, and loss aversion on stock investment decisions, with risk tolerance as a mediating variable. Using a quantitative associative approach with PLS-SEM analysis, data were collected from 150 active investors in Pontianak City who had at least one year of stock investment experience. The results show that loss aversion and risk tolerance have a direct and significant influence on investment decisions. Investors who tend to avoid losses and have higher risk tolerance are more likely to make investment decisions. Meanwhile, consumptive behavior and overconfidence showed a positive but insignificant influence, indicating they do not strongly drive investment actions. In terms of indirect effects, risk tolerance significantly mediates the relationship between overconfidence and investment decisions, as well as between loss aversion and investment decisions. However, no significant mediation was found between consumptive behavior and investment decisions. These findings highlight the dominant role of psychological factors particularly risk perception and aversion in shaping investment behavior. Understanding these aspects is essential for designing financial education strategies aimed at improving decision-making quality among investors.
The Effect of Earnings Management, Debt To Equity Ratio, Firm Size, and Current Ratio on Bond Ratings in Industrial Sector Companies Listed on the Indonesia Stock Exchange Putri, Selvi Ananda; Safitri, Heni; Hariyanto, Dedi
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2. (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12681

Abstract

This study aims to analyze the effect of earnings management, debt to equity ratio (DER), firm size, and current ratio on the bond ratings of companies listed on the Indonesia Stock Exchange. The method used is an associative study with logistic regression techniques because the dependent variable is bond rating categories (investment grade and non-investment grade). The research sample consists of 62 industrial sector companies that meet the purposive sampling criteria. The analysis results show that earnings management and DER have a significant influence on bond ratings, with earnings management having the strongest influence. Conversely, firm size and current ratio do not have a significant partial effect on bond ratings. The logistic regression model is deemed fit based on the Hosmer and Lemeshow test (p=0.225), and the simultaneous model fit test indicates that the variables influence bond ratings collectively. The Nagelkerke coefficient of determination of 76.5% indicates that the variation in bond ratings can be explained by the independent variables, while the remainder is influenced by other factors outside the model. These findings emphasize the importance of earnings management and capital structure as key indicators in determining bond rating quality and provide a basis for investors and stakeholders in making more informed investment decisions.
The Influence of Investment Knowledge and Minimum Investment Capital on Investment Interest in The Capital Market Adela Putri, Sofia; Hariyanto, Dedi; Ramdhan Ryanto, Fuad
Journal of World Science Vol. 2 No. 10 (2023): Journal of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v2i10.437

Abstract

This research focuses on the issue of whether investment knowledge and minimum investment capital have a significant influence on investment interest in Pontianak City. The main objective is to analyze the impact of investment knowledge and minimum investment capital variables on investment interest in the capital market in Pontianak City. This study uses a quantitative approach with a population of all investors in Pontianak City, totalling 38,014 investors. The research sample consisted of 100 investors who were selected deliberately (Purposive Sampling). The analysis method in this research uses multiple linear regression analysis, classical assumption testing and hypothesis testing. The results of multiple linear regression analysis show that the regression equation is Y = 31.980 + 0.398X1 – 0.033X2. The correlation coefficient shows an R-value of 0.245, which shows the weak relationship between investment knowledge and minimum investment capital on investment interest. The coefficient of determination shows an R2 value of 0.060, which means that 6.0% of investment interest can be explained by investment knowledge and minimum investment capital. In comparison, other variables not examined in this research influence the remaining 94.0% of investment interest. The results of the simultaneous Test (F test) show that investment knowledge and minimum investment capital simultaneously influence investment interest. The Partial Test (t-test) results on investment knowledge show that investment knowledge has a partially significant effect on investment interest. For minimum investment capital, it can be concluded that minimum investment capital does not have a significant effect on investment interest.
Pengaruh literasi keuangan dan technology acceptance model terhadap minat menggunakan paylater pada mahasiswa Putri, Sukhesy Eka; Safitri, Heni; Hariyanto, Dedi
INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Vol. 19 No. 1 (2023): Februari
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jinv.v19i1.2458

Abstract

Sejak munculnya globalisasi, teknologi informasi telah maju dengan cepat dan menyebar ke banyak negara. Uang elektronik tersebut dapat berfungsi sebagai media transaksi cashless dan tunai. SpayLater adalah layanan Paylater versi Shopee. SPayLater Shopee adalah satu-satunya produk Bayar Nanti yang ditawarkannya. Pengguna dapat melakukan pembelian praktis dengan SPayLater. Mahasiswa, khususnya Generasi Z, senang menggunakan SPayLater karena kemudahannya menyimpan dana setiap bulan berdasarkan nominal tetap. Penelitian ini menggunakan pendekatan penelitian asosiatif. Riset ini bertujuan mencari pengaruh tingkat literasi keuangan dan TAM terhadap minat penggunaan SPayLater. Seratus lima puluh orang memenuhi persyaratan dan mengisi survei melalui formulir Google. Untuk memverifikasi tabulasi data, kami menggunakan SPSS 25. T-statistics menunjukkan hasil yang signifikan untuk beberapa variabel sehingga sampai pada kesimpulan variabel Literasi Keuangan tidak mempengaruhi minat penggunaan SPayLater. Namun, variabel dari model penerimaan teknologi secara signifikan mempengaruhi variabel Minat
Analisis Pengaruh Likuiditas, Solvabilitas, Profitabilitas Terhadap Harga Saham Isnaini; Hariyanto, Dedi; Ferdian, Romi
JIBEMA: Jurnal Ilmu Bisnis, Ekonomi, Manajemen, dan Akuntansi Vol. 1 No. 2 (2023): October
Publisher : CV. Muris Global Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62421/jibema.v1i2.15

Abstract

Tujuan Penelitian ini adalah untuk mengetahui pengaruh Likuiditas, Solvabilitas, dan Profitabilitas terhadap Harga Saham Perusahaan Indeks LQ-45 yang terdaftar di Bursa Efek Indonesia. Populasi dalam Penelitian ini adalah 45 perusahaan yang tergabung dalam Indeks LQ-45 periode Agustus 2022-Januari 2023. Teknik pengambilan sampel pada penelitian ini adalah teknik sampel jenuh. Teknik analisis yang digunakan adalah analisis regresi linear berganda. Hasil Penelitian ini menunjukkan hasil regresi linear berganda menunjukkan pengaruh antara variabel Likuiditas, Solvabilitas, dan Profitabilitas terhadap Harga Saham memiliki pengaruh yang rendah. Hasil uji f menunjukkan Likuiditas, Solvabilitas, dan Profitabilitas tidak berpengaruh secara simultan terhadap Harga Saham. Hasil uji t Likuiditas tidak berpengaruh terhadap Harga Saham, Solvabilitas tidak berpengaruh terhadap Harga Saham, dan Profitabilitastidak berpengaruh terhadap Harga Saham.
The Influence of Loss Aversion, Herding Bias and Regret Aversion Towards Investment Decision to Shareholder in Pontianak Equeza Ermulyawati; Dedi Hariyanto; Heni Safitri
Journal of Economics, Social, and Humanities Vol. 1 No. 2 (2023): JESH: Journal of Social, Economics, and Humanities
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/jesh.v1i1.149

Abstract

Background: The purpose of this research is to know the influence of Loss Aversion, Herding Bias And Regret Aversion Towards Investment Decision to Shareholder in Pontianak. Method: The research method being used is associational research, with the use of classical assumption test, including normality test, multicollinearity test, and linearity test, meanwhile the statistical analysis used multiple linear regression analysis, analysis of correlation coefficient, coefficient of determination analysis, simultaneous test, partial test. Results: Based on the result of multiple linear regression analysis, it is estimated that the regression equation is Y= 6,741 + 0,446X1 + 0,026X2 + 0,366X3, the analysis of correlation coefficient values is 0,768 showed that the influence of Loss Aversion, Herding Bias and Regret Aversion towards Investment Decision is strong. Coefficient of determination showed that 50,1% of investment decision is influenced by Loss Aversion, Herding Bias and Regret Aversion and the other 40,9% influenced by another variable unstudied in this research. The result of F-test showed that Loss Aversion, Herding Bias and Regret Aversion significantly influenced investment decision. The T-test showed that Loss Aversion alone has had influenced towards investors’ investment decision. The T-test showed that Regret Aversion has had influence towards investors’ investment decision. Conclusion: There is influence of Loss Aversion, Herding Bias and Regret Aversion towards Investment Decision to Shareholder in Pontianak.
Penerapan Penegakan Hukum Terhadap Pelaku Tindak Pidana Penyeludupan Lobster Bertelur di Bandara Internasional Minangkabau Oktoriny, Fitra; Jemmy, Marisa; Yunimar, Yunimar; Hariyanto, Dedi
UNES Law Review Vol. 8 No. 2 (2025)
Publisher : Universitas Ekasakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/z6y1cn31

Abstract

Penegakan Hukum terhadap Tindak Pidana Penyelundupan Lobster Bertelur di Bandara Internasional Minangkabau. Penelitian ini dilatarbelakangi oleh masih maraknya pelanggaran dalam pengiriman lobster bertelur meskipun telah diterbitkan Peraturan Menteri Kelautan dan Perikanan Nomor 07 Tahun 2024 tentang Pengelolaan Lobster, Kepiting, dan Rajungan serta Undang-Undang Nomor 21 Tahun 2019 tentang Karantina Hewan, Ikan, dan Tumbuhan. Penelitian ini bertujuan untuk menganalisis penegakan hukum, kendala, serta upaya mengatasi kendala dalam penegakan hukum terhadap tindak pidana penyelundupan lobster bertelur di Bandara Internasional Minangkabau. Metode penelitian yang digunakan adalah pendekatan yuridis sosiologis yang bersifat deskriptif dengan teknik pengumpulan data melalui studi dokumen dan wawancara, yang kemudian dianalisis secara kualitatif. Hasil penelitian menunjukkan bahwa penegakan hukum belum berjalan optimal karena masih banyak pelanggaran yang dilakukan oleh pelaku usaha akibat rendahnya pemahaman terhadap ketentuan peraturan perundang-undangan. Kendala utama meliputi pemeriksaan fisik secara acak, keterbatasan jumlah petugas dan sarana prasarana, serta kurangnya komunikasi efektif dengan pemilik barang. Upaya yang diperlukan adalah peningkatan sosialisasi regulasi dan keterlibatan langsung pemilik barang dalam proses pengiriman.
Co-Authors Abdurrahman Abdurrahman Adela Putri, Sofia Ahmad Ali Djamhuri Andika Fahruzzi Apriansyah Aqcahya, Nabila Arif Didik Kurniawan Arin Rafani Aristawati, Karina Ayu Cecep Kusmana Cilci, Riri Fitria Dedek Ningsih Lingga Devi Yasmin Deviansyah Deviansyah Dwi Utami Kliman Edy Suryadi Eka Indah Raharjo Eni Eni Equeza Ermulyawati Eva Pujianti Fahmi 01 Felia Anadita Fitri Fenni Supriadi Fita Kurniasari Fuad Ramdhan Ryanto Ghea Renova Karina Hamisah Hamisah Helman Fachri Heni Dwi Jayanti Heni Safitri Heni Safitri Heni Safitri Heni Safitri Herlina Seeng Ima Qurrota’ani Imariani Imariani Isna Safitri, Isna Isnaini Istifani Sucimanah Jestica Arifani Dilla Hardanti Karidan Karidan Khairunnisa, Hanna Khofifah, Nur Maisur Maisur Marisa Jemmy Maulida Maulida Melinda Tri Sundari Midun Midun Miea Sari Muhammad Dairul Ma'rif Muhammad Razibi Muiszudin Muiszudin Mulyana Mulyana Nada Wulantika Neni Triana M. Ngadimin Ngadimin Nina Yulinda Nirmalasari Nirmalasari Nurhayati, Aisah Dwi Ocktolius Syaputra Oksarini, Amalia Oktoriny, Fitra Pebriyanti Pustika, Titin Hestri Putri, Amelia Putri, Selvi Ananda Putri, Sukhesy Eka Ramadanti, Aulia Ramdhan Ryanto, Fuad Rayenda Khresna Brahmana Rian Sofiani Ririn Dwi Jayanti Riski Eka Yuliani Rita Kesumawati Rizky, Anisa Dinda Rohman Rohman Romi Ferdian Romi Ferdian Rusmini Rusmini Salsabila, Putri Aurora Samsuddin Samsuddin Samsul Bahari Sandy Haryono Santy Mayda Batubara Sarinah Sarinah Sehariyo Wijoyo Selly Septiana Siti Rahmawati Sa’baniah Sofi Zulfarida Sova Ariska Subhan A Sukardi Sukardi Sukhesy Eka Putri Syifa Azizah Tina Ardianti Titin Hestri Pustika Tuti Kurniati Wahdah Wahdah Wahyu Darmawan Wendy Widya Apriyani Windi Rati Fritiwi Wulandari Wulandari Wulandari, Febi YUNIMAR YUNIMAR Zahari Zahari Zainudin, Amelia Nur Aini