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All Journal AMAR (Andalas Management Review) Jurnal Akuntansi Trisakti
Nurhalis Nurhalis
Universitas Syiah Kuala
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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HERDING BIAS INVESTOR MASA NEW NORMAL PANDEMI COVID-19 Wida Fadhlia; Nurhalis Nurhalis; Linda Linda; Syarifah Rahmawati Al Haddad
Jurnal Akuntansi Trisakti Vol. 10 No. 2 (2023): September
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/jat.v10i2.17268

Abstract

This study examines the determinants of herding bias in investors in Indonesia during the Covid-19 New Normal period. This study was conducted for six months to survey the behavior of 232 investors with a single investor identification in the Indonesian capital market who were haphazardly selected to test the herding bias model. The results of Confirmatory Factor Analysis show that reputational factors, social proof, lack of awareness, volatility in global markets, underconfidence, optimism, bandwagon effect, and speculation are the determinants of investor herding bias in Indonesia. The results of this study also prove that the reputation factor is the dominant factor determining herding behavior, where investors will follow the behavior of their community to maintain their reputation. The second factor that contributes highly to determining herding bias is social proof, which means that Indonesian investors consider social roles in the decision-making process. We hope the results of this study can provide researchers and practitioners with a better understanding of herding behavior which is part of the theory of financial behavior.
Daily Relaxation Microbreaks and Work Engagement: The Mediating Role of Employee Well-Being Irma Suryani; Nurhalis Nurhalis; Jasman J Ma’ruf
AMAR (Andalas Management Review) Vol. 10 No. 1 (2026)
Publisher : Management Institute Faculty of Economics Universitas Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/amar.10.1.62-82.2026

Abstract

Micro-breaks have received increasing attention as a workplace recovery strategy that may help employees maintain positive psychological conditions and sustain work-related outcomes. This study examines the relationship between relaxation microbreaks and employee work engagement, with employee well-being as a mediating variable. Data were collected using repeated daily observations from employees over five consecutive workdays. A total of 220 observation episodes were obtained from 22 employees working in financial service institutions in Aceh, Indonesia. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that relaxation microbreaks were positively associated with employee well-being and work engagement. Employee well-being was also positively associated with work engagement and significantly mediated the relationship between relaxation microbreaks and work engagement. These results suggest that brief relaxation activities during work may contribute to employees’ psychological recovery and foster stronger engagement by improving well-being. This study contributes to the employee recovery and engagement literature by highlighting the importance of microbreaks as a simple workplace practice that supports positive psychological and work-related outcomes. The findings also have practical implications for organizations, encouraging brief recovery opportunities during work to enhance employee well-being and engagement. Keywords: micro-breaks; employee well-being; work engagement; repeated daily observations; PLS-SEM
Co-Authors Irma Suryani Jasman J Ma’ruf Linda Linda Syarifah Rahmawati Wida Fadhlia