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Global Uncertainty: The Influence of Monetary Policies Order and Inflation Volatility on Bank Profitability African Bank and Middle East Bank Bayu Firmansyah; Aldi Fajar Fardiansyah; Benny Dhevyanto
Journal Research of Social Science, Economics, and Management Vol. 3 No. 9 (2024): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v3i9.646

The objective of this paper is to examine the factors that influence the resilience and adaptability of banks to economic disruption. The aim is to encourage a collaborative and cooperative approach to these challenges. This study analyses the impact of monetary policies, inflation trends, and bank-specific determinants on bank profitability in the African and Middle Eastern regions. A quantitative research approach was used to assess macro and micro factors affecting bank profitability, using secondary data. The macro variables were obtained from the International Monetary Fund (IMF), and the micro variables were extracted from the banks' annual accounts. The research findings indicate that monetary policy and inflation have significant impacts on banks' profitability. Additionally, the System Generalized Method of Moments (GMM) model revealed that the annual interest rate (IR), inflation (INF), capital adequacy ratio (CAR), and previous financial performance (Lagged ROA/ROE) have positive and significant effects on both ROA and ROE. In addition, the loan-to-deposit ratio (LDR) had a significant positive effect on ROE, while the non-performing loan ratio (NPLr) had a significant negative effect. The validity and suitability of the GMM regression model used in this study were confirmed by the AR(2) and Sargan Test results. These findings provide valuable insights for decision-makers in the banking sector to respond to changes in monetary policy and manage risks associated with inflation fluctuations. The study emphasizes the importance of capital management and credit risk management in sustaining bank profitability amidst economic uncertainty.

The Effect of Risk and Return on Mutual Fund Investment Decisions at Cirebon City Securities Addin Zainul Adha; Krisdiana; Benny Dhevyanto
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.900

This study aims For study influence risk and return on decision investment mutual funds to investors who invest through company securities in Cirebon City, considering rapid development mutual funds that demand understanding balanced between level risk and potential return in taking decision investment . Research use approach quantitative with type of explanatory research, where primary data is collected through distributed questionnaires to 100 mutual fund investors in Cirebon City according to criteria research , then analyzed use Partial Least Squares–Structural Equation Modeling (PLS-SEM) method with help SmartPLS . Measurement model evaluation results show all over indicator has fulfil criteria validity and reliability , while structural model evaluation produce mark coefficient high determination , indicating that variables risk and return capabilities explain part big variation decision investment mutual funds . Testing hypothesis prove that risk and return influence positive and significant to decision investment , good in a way partial and simultaneously , so that can concluded that investor perception of risk as well as expected return holding role important in determine decision investment mutual funds , at the same time give contribution theoretical for development study investment and benefits practical for investors as well company securities in push taking decision rational and sustainable investment .

The Effect of Financial Performance and ESG Disclosure on Firm Value: Evidence from IDX Score Firms in 2024 Nabil Maulana; Ario Purdianto; Benny Dhevyanto
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.806

This study examines the influence of financial performance and ESG disclosure on firm value for companies listed on the Indonesian Stock Exchange (IDX) that are included in the IDX ESG Score index for the year 2024. Financial performance is indicated by Return on Assets (ROA), firm value is quantified using Tobin's Q, and ESG disclosure is denoted by the ESG score released by IDX. Grounded in agency theory, stakeholder theory, and signaling theory, the study utilises a quantitative associative methodology, drawing on secondary data from annual reports and sustainability reports. A purposive sampling method produced a final sample of 58 companies. Multiple linear regression analysis was applied following classical assumption tests. The findings demonstrate that ROA significantly enhances firm value, whereas ESG disclosure exhibits a favourable albeit statistically minor impact on tobin’s Q. Simultaneously, both variables significantly influence firm value, with an Adjusted R-squared of 13.7%, suggesting that additional factors beyond the model explain the majority of firm value variation. These studies confirm that in the Indonesian capital market, financial performance remains the primary signal for investors, while ESG disclosure functions as a supporting signal not yet fully priced by the market.

The Effect of Risk and Return on Mutual Fund Investment Decisions at Cirebon City Securities Addin Zainul Adha; Krisdiana; Benny Dhevyanto
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.900

This study aims For study influence risk and return on decision investment mutual funds to investors who invest through company securities in Cirebon City, considering rapid development mutual funds that demand understanding balanced between level risk and potential return in taking decision investment . Research use approach quantitative with type of explanatory research, where primary data is collected through distributed questionnaires to 100 mutual fund investors in Cirebon City according to criteria research , then analyzed use Partial Least Squares–Structural Equation Modeling (PLS-SEM) method with help SmartPLS . Measurement model evaluation results show all over indicator has fulfil criteria validity and reliability , while structural model evaluation produce mark coefficient high determination , indicating that variables risk and return capabilities explain part big variation decision investment mutual funds . Testing hypothesis prove that risk and return influence positive and significant to decision investment , good in a way partial and simultaneously , so that can concluded that investor perception of risk as well as expected return holding role important in determine decision investment mutual funds , at the same time give contribution theoretical for development study investment and benefits practical for investors as well company securities in push taking decision rational and sustainable investment .

Investment Decisions: Mediating Role of Financial Behavior on Young Investors in the Capital Market Terre Liyanty; Dela Jovam Sari; Benny Dhevyanto; Krisdiana Krisdiana
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025): International Journal of Business, Economics, and Social Development (IJBESD)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.914

Interest in capital market investments continues to increase, along with improved access to information and digital platforms that make it easier for the younger generation to invest. However, psychological phenomena such as FOMO (Fear of Missing Out), YOLO (You Only Live Once) and FOPO (Fear of Other People`s Opinions) often affect their investment decisions. FOMO, in particular, can cause young investors to make rash investment decisions without careful consideration. This study aims to empirically test whether financial knowledge and risk preferences affect investment decision which mediated by financial behavior. Research used quantitative methods with descriptive, statistical analysis, and a sample of 150 respondents who were young investors aged 18-30 years in Cirebon. The findings of the analysis indicated that financial knowledge and risk preferences influences investment decision, and financial behavior successful as a mediator. It can be inferred that increasing financial knowledge and understanding of risk preferences can help young people make more rational investment decisions, despite the influence of psychological factors such as FOMO and others.

The Influence of Fintech Payment and Financial Attitude on Financial Management Behavior: The Mediating Role of Self Control Among University Students FEB of Universitas Swadaya Gunung Jati Sayyidah Firdaus Bahir; Mayaliza Mayaliza; Benny Dhevyanto
Greenation International Journal of Tourism and Management Vol. 4 No. 2 (2026): (GIJTM) Greenation International Journal of Tourism and Management (June - Augu
Publisher : Greenation Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijtm.v4i2.907

This study examines the influence of fintech payment and financial attitude on financial management behavior with self-control acting as a mediating variable among university studentss. The rapid development of financial technology has transformed the way individuals conduct financial transactions, particularly through digital payment systems such as e-wallets. This research employs a quantitative method using a survey approach. Data were collected from 387 studentss of the Faculty of Economics and Business at Universitas Swadaya Gunung Jati. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that fintech payment and financial attitude have a positive and significant influence on financial management behavior. Furthermore, self-control plays a significant mediating role in the relationship between fintech payment and financial attitude toward financial management behavior. These findings suggest that although financial technology offers convenience in financial transactions, self-control remains an important factor in supporting responsible financial behavior.

Pengaruh literasi keuangan terhadap kinerja keuangan UMKM makanan skala kecil di Kota Cirebon dengan kapabilitas digital sebagai variabel mediasi Ridho Dwi Nugroho; Erwin Budianto; Benny Dhevyanto
Jurnal Manajemen Strategi dan Aplikasi Bisnis Vol. 9 No. 1 (2026)
Publisher : Lembaga Pengembangan Manajemen dan Publikasi Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/jmsab.v9i1.1861

This study examines the effect of financial literacy on the financial performance of food micro, small, and medium enterprises (MSMEs) in Cirebon City, with digital capability as a mediating variable. A quantitative approach was employed, utilizing primary data collected from 100 food MSME owners through purposive sampling and a closed-ended Likert-scale questionnaire. Financial literacy was operationalized across three dimensions: financial understanding, financial skills, and financial knowledge. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal that all three dimensions of financial literacy have a positive and significant impact on financial performance. Furthermore, financial literacy positively and significantly influences digital capability, which in turn positively affects financial performance. Digital capability partially mediates the relationship between financial literacy and financial performance. By disaggregating financial literacy into three independently measured constructs and positioning digital capability as a mediating mechanism, this study offers novel empirical insights, particularly within the underexplored context of small-scale food MSMEs in Cirebon City

Analysis of the Effect of Operating Costs and Investment Budget on Profitability: A Case Study of PT Sri Rejeki Isman Tbk for the Period 2014–2023 Muhammad Farhandy Putra; Nurhana Dhea Parlina; Benny Dhevyanto
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1056

The research was conducted in response to the financial challenges faced by the textile sector, especially PT Sri Rejeki Isman Tbk (Sritex), whose profitability declined significantly as operating expenses continued to increase. The study is grounded in Cost Efficiency Theory and Capital Budgeting Theory to evaluate expenditure efficiency and the appropriateness of investment allocation. An associative quantitative research approach was employed. Data were collected through documentation of secondary data consisting of 40 quarterly financial statements from the company covering the period 2014–2023, officially obtained from the Indonesia Stock Exchange. The statistical test results demonstrate that both operational cost budgets and investment budgets have a positive and significant effect on profitability (ROA), both partially and simultaneously. The findings further indicate that the investment budget is the most dominant predictor influencing the company's financial performance. In conclusion, the synergy between short-term operational cost control and effective capital expenditure management is essential for large-scale manufacturing companies to maintain competitiveness and profitability.

Analysis of the Effect of Operating Costs and Investment Budget on Profitability: A Case Study of PT Sri Rejeki Isman Tbk for the Period 2014–2023 Muhammad Farhandy Putra; Nurhana Dhea Parlina; Benny Dhevyanto
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1056

The research was conducted in response to the financial challenges faced by the textile sector, especially PT Sri Rejeki Isman Tbk (Sritex), whose profitability declined significantly as operating expenses continued to increase. The study is grounded in Cost Efficiency Theory and Capital Budgeting Theory to evaluate expenditure efficiency and the appropriateness of investment allocation. An associative quantitative research approach was employed. Data were collected through documentation of secondary data consisting of 40 quarterly financial statements from the company covering the period 2014–2023, officially obtained from the Indonesia Stock Exchange. The statistical test results demonstrate that both operational cost budgets and investment budgets have a positive and significant effect on profitability (ROA), both partially and simultaneously. The findings further indicate that the investment budget is the most dominant predictor influencing the company's financial performance. In conclusion, the synergy between short-term operational cost control and effective capital expenditure management is essential for large-scale manufacturing companies to maintain competitiveness and profitability.

The Effect of Financial Literacy, Risk Perception, and PayLater Features on Generation Z's Decisions to Use E-Wallets in Cirebon City Muhamad Rizki Akbar; Nurhana Dhea Parlina; Benny Dhevyanto
Journal Research of Social Science, Economics, and Management Vol. 6 No. 1 (2026): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v6i1.1595

Digital financial transformation has accelerated the use of e-wallets among Generation Z, while concerns regarding financial literacy, perceived risk, and the growing availability of PayLater features shape financial behavior. This study aims to examine the effects of financial literacy, risk perception, and PayLater features on Generation Z’s decisions to use e-wallets in Cirebon City. A quantitative explanatory approach was employed using primary data collected through questionnaires from 95 Generation Z respondents selected by purposive sampling. Data were analyzed using IBM SPSS Statistics version 32 through descriptive statistics, validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination. The results show that financial literacy has a positive but insignificant effect on e-wallet usage decisions (B = 0.215; p = 0.060), risk perception has a positive but insignificant effect (B = 0.063; p = 0.333), and PayLater features also have a positive but insignificant effect (B = 0.141; p = 0.085). However, the three variables simultaneously have a significant effect (F = 3.133; p = 0.029), with an Adjusted R² of 0.064. The study concludes that Generation Z’s e-wallet usage decisions are influenced by the combined interaction of these factors rather than their individual effects.

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