Claim Missing Document
Check
Articles

Found 31 Documents
Search

THE INFLUENCE OF INVESTMENT KNOWLEDGE, RISK TOLERANCE, AND INVESTMENT EXPERIENCE ON INVESTMENT DECISIONS WITH TECHNOLOGICAL ADVANCEMENT AS A MODERATING VARIABLE Elly Karlina; Erna Listyaningsih; Harold Kevin Alfredo
International Journal of Management, Economic and Accounting Vol. 4 No. 3 (2026): June 2026
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61306/cs6jvs87

Abstract

This study examines the influence of investment knowledge, risk tolerance, and investment experience on investment decisions, with technological advancement as a moderating variable. The rapid growth of capital market participation in Indonesia, particularly among university students, highlights the increasing interest in investment activities. However, this growth is not always accompanied by high-quality decision-making, as many investors tend to rely on trends and emotional responses rather than rational evaluation. This research adopts a quantitative approach using a survey method. Data were collected through questionnaires distributed to students, and the analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA). The findings reveal that investment knowledge and risk tolerance have a positive and significant influence on investment decisions, while investment experience does not have a significant effect. Furthermore, the results indicate that technological advancement does not significantly moderate the relationship between investment knowledge, risk tolerance, and investment experience on investment decisions. These findings emphasize the importance of financial literacy and individual risk preferences in improving investment decision-making quality. The study also suggests that technological advancement functions more as a supporting factor in investment activities rather than as a moderating factor influencing the relationships among the studied variables.
Analisis perbandingan expected return saham LQ-45 dengan CAPM: Pra vs saat pandemi COVID-19 (2018–2021) Harold Kevin Alfredo
Co-Creation : Jurnal Ilmiah Ekonomi Manajemen Akuntansi dan Bisnis Vol. 3 No. 4 (2025): Co-Creation : Jurnal Ilmiah Ekonomi Manajemen Akuntansi dan Bisnis
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/cocreation.v3i4.1454

Abstract

Penelitian ini bertujuan untuk mengetahui adanya perbedaan expected return saham sebelum dan selama COVID-19 di Bursa Efek Indonesia. Populasi dalam penelitian ini adalah seluruh emiten saham yang menjadi anggota LQ-45 dari tahun 2018 – 2021. Sampel dalam penelitian ini berjumlah 27 emiten saham yang konsisten masuk LQ-45 periode 2018 - 2021. Menghitung expected return saham menggunakan CAPM di Microsof Excel dan menguji hipotesis penelitian menggunakan Wilcoxon Signed – Rank t test di JASP Statistics. Hasil penelitian memberikan tiga kesimpulan, yaitu, pertama, terdapat suatu perbedaan expected return 27 emiten saham sebelum dan selama COVID-19 berdasarkan perhitungan CAPM. Kedua, metode perhitungan CAPM menunjukkan bahwa expected return selama COVID-19 lebih tinggi dibandingkan dengan sebelum COVID-19. Ketiga, hasil penelitian ini memberikan kesimpulan yang membenarkan pihak yang baru masuk terdaftar sebagai investor saham di BEI pada masa COVID-19 yang membuktikan bahwa expected return emiten saham yang termasuk dalam LQ-45 lebih menarik selama masa COVID-19.
Should Investors Choose ESG? Empirical Evidence of The Shiller P/E Ratio Harold Kevin Alfredo; Anita Anita; Muhammad Irfan Pratama
Eduvest - Journal of Universal Studies Vol. 4 No. 10 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i10.38820

Abstract

This study investigates the CAPE Ratio values of stock issuers in the LQ-45 Index compared to those in the ESG Leaders Index, employing a quantitative approach to assess whether the ESG Leaders Index yields higher returns. The findings reveal that most issuers in both indices are undervalued relative to the LQ-45 Index, indicating potential for future returns. However, the LQ-45 Index has a greater number of overvalued issuers than the ESG Leaders Index. Notably, the study acknowledges limitations, including a lack of exploration into the relationship between the CAPE Ratio and non-financial factors such as ESG scores, and a narrow focus on Indonesian indices without comparative analysis with foreign indices. Future research is recommended to explore these relationships, apply the CAPE Ratio across specific sectors, and compare Indonesia's ESG Index with those in Southeast Asia, thereby enriching understanding of valuation dynamics in relation to ESG factors.
THE ROLE OF HUMAN CAPITAL READINESS, JOB CRAFTING, AND INNOVATIVE MINDSET ON ORGANIZATIONAL CITIZENSHIP BEHAVIOR (OCB) AMONG EMPLOYEES OF PT PLN (PERSERO) UP3 TANJUNG KARANG Audi Ocha Deamelinda; Euis Mufahamah; Harold Kevin Alfredo
International Journal of Management, Economic and Accounting Vol. 4 No. 2 (2026): April 2026
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61306/tjtdvq59

Abstract

This study aims to analyze the effect of Human Capital Readiness, Job Crafting, and Innovative Mindset on the Organizational Citizenship Behavior (OCB) of employees at PT PLN (Persero) UP3 Tanjung Karang. In the context of a highly regulated public utility sector undergoing digital transformation, fostering voluntary extra-role behavior is crucial for organizational success. A quantitative approach with a causal explanatory design was employed, utilizing a sample of 115 employees selected through simple random sampling. Primary data was collected using a structured questionnaire and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) via SmartPLS software. The results reveal that Human Capital Readiness and an Innovative Mindset have a positive and significant effect on OCB, with the Innovative Mindset acting as the most dominant driver. Conversely, Job Crafting does not have a significant effect on OCB, which is likely due to the highly procedural nature and strict operational standards of the work environment. Simultaneously, the three independent variables account for 76.7% of the variance in OCB. These findings suggest that to enhance extra-role behaviors, management should focus on improving employee technical and psychological competencies while actively fostering a creative and innovative work culture.
The Moderating Role of Information Media in Generation Z’s Sharia Investment Decisions Khavid Normasyhuri; Adli Rikanda Saputra; Harold Kevin Alfredo; Ahsanal Huda; Rubi Febriansyah
Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB) Vol. 13 No. 01 (2025): Jurnal Pendidikan Ekonomi & Bisnis (DOAJ & SINTA 2 Indexed)
Publisher : Faculty of Economics, Universitas Negeri Indonesia,Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JPEB.013.1.5

Abstract

This study examines the relationships among information quality, subjective norms, and behavioral control in influencing Generation Z’s Islamic investment decisions during the COVID-19 pandemic, while assessing the moderating role of information media. A quantitative method was employed using SmartPLS 3.0 for statistical analysis. Primary data were collected through purposive sampling of 500 Islamic investors between December 2021 and December 2022 using Google Forms, and all variables were measured with a Likert scale. The findings show that information quality and behavioral control had a positive and significant impact on Generation Z’s Islamic investment decisions during the pandemic. In contrast, subjective norms exhibited a negative relationship, implying that social pressure and external expectations did not consistently promote sharia-based investment behavior. Information media acted as a moderating factor that strengthened the relationship among information quality, subjective norms, and behavioral control in investment decision-making. The results suggest that digital media platforms provided access to timely, accurate, and relevant information, enhancing confidence among young Muslim investors. However, Islamic investment instruments remain limited compared to conventional alternatives. Therefore, expanding and diversifying Islamic financial products is essential to assist investors in developing sustainable and Sharia-compliant investment portfolios that promote ethical growth and long-term economic resilience.  
Gerakan Literasi Keuangan Syariah Mengedukasi Masyarakat Dalam Memahami Produk Keuangan Anita Anita; Muhammad Irfan Pratama; Harold Kevin Alfredo
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 1: November 2024
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i1.5963

Abstract

The Shari'ah financial literacy movement is a strategic effort to support the government in educating the public to understand Islamic financial products. Islamic financial products have three pillars, among others, Promoting education programs and national financial literacy campaigns, Strengthening financial literacy infrastructure. With the rapid sharia industry sector and the sizeable Muslim population in Indonesia, it has an impact on the importance of Islamic Financial Literacy to introduce Islamic financial products to the public. This study uses the Library Review method by exploring various reports and journals that are available to obtain information regarding the background of the problem. The purpose of this study was to determine the effectiveness of the Islamic financial literacy movement that has been carried out by the Financial Services Authority (OJK) and other Financial Institutions to find the right solution for the acceleration of Islamic Financial Literacy.
Likuiditas, Asset Tangibility, Sales Growth, dan Firm Size sebagai Determinan Tobin’s Q pada Perusahaan Nonkeuangan dalam Indeks KOMPAS-100 Periode 2022–2025 Kevin Alfredo, Harold; Agung Wibowo, Rizki; Irfan Pratama, Muhammad; Sejati, Hiro
Journal of Economics and Business UBS Vol. 15 No. 4 (2026): Journal of Economics and Business UBS
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/8vqvcx42

Abstract

Penelitian ini bertujuan menganalisis pengaruh karakteristik perusahaan yang mencakup likuiditas, asset tangibility, sales growth, dan firm size terhadap nilai perusahaan yang diproksikan dengan Tobin’s Q pada perusahaan non-keuangan dalam indeks KOMPAS-100 periode 2022–2025. Penelitian ini dilatarbelakangi oleh ketidakkonsistenan hasil penelitian terdahulu mengenai arah dan signifikansi pengaruh karakteristik perusahaan terhadap nilai perusahaan, serta masih terbatasnya penelitian yang menguji keempat variabel tersebut secara terintegrasi pada perusahaan non-keuangan dalam indeks KOMPAS-100. Kebaruan penelitian terletak pada penggunaan kombinasi variabel karakteristik internal perusahaan, objek perusahaan lintas sektor dengan kapitalisasi relatif besar, serta periode pengamatan terkini setelah pemulihan ekonomi. Penelitian menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan keuangan tahunan dan situs resmi Bursa Efek Indonesia. Sampel ditentukan melalui purposive sampling dan menghasilkan 49 perusahaan dengan 196 observasi perusahaan-tahun. Analisis dilakukan menggunakan regresi data panel dengan aplikasi Gretl. Berdasarkan uji Chow, Hausman, dan Lagrange Multiplier, Random Effect Model dipilih sebagai model estimasi terbaik. Hasil penelitian menunjukkan bahwa likuiditas, asset tangibility, dan sales growth tidak berpengaruh signifikan terhadap nilai perusahaan, sedangkan firm size berpengaruh negatif dan signifikan. Secara simultan, seluruh variabel berpengaruh terhadap nilai perusahaan. Temuan ini mengimplikasikan bahwa investor perlu lebih memperhatikan efisiensi dan produktivitas pengelolaan sumber daya dibandingkan sekadar tingkat likuiditas, pertumbuhan penjualan, aset berwujud, dan besarnya perusahaan. Bagi manajemen, peningkatan skala usaha perlu disertai pengendalian biaya, efisiensi operasional, dan optimalisasi aset agar mampu meningkatkan nilai perusahaan.
The Effect of ESG Risk Rating and Ownership Concentration on Firm Value: Leverage and Size as Moderation Harold Kevin Alfredo; Euis Mufahamah; Anita Anita; Lestari Wuryanti
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 4 (2025): Dinasti International Journal of Economics, Finance & Accounting (September - O
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i4.5126

Abstract

This study aims to analyze the effect of leverage and company size as moderating variables on the relationship between ESG Risk Rating and ownership concentration on firm value. This research is included in the type of quantitative research and uses companies listed on the Indonesia Stock Exchange and have an ESG Rating value by Morningstar Sustainalytics. This research method uses linear regression in calculating the effect of independent variables (ESG Risk Rating, and ownership concentration) moderated by Leverage, and Firm Size variables on the dependent variable (Tobin's Q). The results found that the impact of firm size and leverage on the moderation of ESG score with firm value and the moderation of ownership concentration with firm value is not uniform. Specifically, leverage exerts a more substantial effect as a moderator between ESG risk score and ownership concentration and firm value than firm size.
TINGKATKAN LITERASI KEUANGAN DIGITAL UNTUK MENCEGAH BAHAYA JUDI ONLINE DI KALANGAN REMAJA Muhammad Irfan Pratama; Hiro Sejati; Harold Kevin Alfredo; Rizki Agung Wibowo; Amril Samosir; Rahyono Rahyono
BESIRU : Jurnal Pengabdian Masyarakat Vol. 3 No. 1 (2026): BESIRU : Jurnal Pengabdian Masyarakat, Januari 2026
Publisher : Lembaga Pendidikan dan Penelitian Manggala Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62335/besiru.v3i1.2190

Abstract

Perkembangan teknologi digital memberikan kemudahan dalam akses keuangan melalui layanan fintech, namun juga menimbulkan tantangan baru, salah satunya adalah meningkatnya risiko judi online di kalangan pelajar. Menanggapi hal tersebut, kegiatan sosialisasi dilaksanakan di SMKN 7 Bandar Lampung dengan tujuan memberikan edukasi kepada siswa mengenai pentingnya literasi keuangan digital yang sehat serta meningkatkan kesadaran akan bahaya judi daring. Kegiatan ini menggunakan metode partisipatif berupa diskusi interaktif dan studi kasus yang relevan dengan kehidupan sehari-hari siswa. Melalui pendekatan ini, siswa didorong untuk memahami cara mengelola keuangan pribadi secara bijak dan mengenali potensi risiko dari penggunaan platform digital yang tidak bertanggung jawab. Hasil kegiatan menunjukkan adanya peningkatan pemahaman dan sikap siswa terhadap penggunaan layanan keuangan digital secara aman. Edukasi ini diharapkan dapat menjadi pondasi awal dalam membentuk perilaku finansial yang cerdas dan tangguh terhadap pengaruh negatif teknologi digital.
GENERASI Z HEBAT, FINANSIAL SEHAT: MENGHINDARI PERANGKAP FOMO DAN FITUR PAYLATER SEJAK BANGKU SEKOLAH DI SMAN 1 WAY JEPARA Hiro Sejati; Muhammad Irfan Pratama; Anita Anita; Reza Hardian Pratama; Harold Kevin Alfredo; Rizki Agung Wibowo; Afit Afrizal
BESIRU : Jurnal Pengabdian Masyarakat Vol. 3 No. 7 (2026): BESIRU : Jurnal Pengabdian Masyarakat, Juli 2026
Publisher : Lembaga Pendidikan dan Penelitian Manggala Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62335/besiru.v3i7.2814

Abstract

Generasi Z (Gen Z) tumbuh di era digital dengan akses keuangan yang sangat mudah, salah satunya melalui fitur Paylater. Namun, kemudahan ini sering kali beriringan dengan fenomena psikologis Fear of Missing Out (FOMO) yang memicu perilaku konsumtif. Pengabdian masyarakat ini bertujuan untuk memberikan edukasi literasi keuangan bagi siswa SMAN 1 Way Jepara guna membentengi mereka dari jebakan utang digital sejak dini. Metode yang digunakan adalah edukasi interaktif melalui ceramah, bedah kasus, dan diskusi kelompok tanpa menerapkan skema pre-test dan post-test untuk menciptakan ruang belajar yang bebas tekanan dan partisipatif. Hasil kegiatan menunjukkan peningkatan kesadaran kualitatif siswa, yang terlihat dari antusiasme bertanya dan kemampuan mereka menganalisis simulasi jebakan bunga paylater. Melalui edukasi ini, siswa diharapkan mampu mengelola uang saku dengan lebih bijak, mengendalikan dorongan impulsif, dan memprioritaskan pemenuhan kebutuhan di atas pemuasan keinginan.