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Financial Literacy: Unravelling The Interplay of Psychological Dynamics and Social Influences on Financial Behaviours Dian Wismar'ein; Linda Putri Nadia; Indah Puspita Maharani
International Journal of Business Economics (IJBE) Vol 7, No 2 (2026): MARCH - AUGUST 2026
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ijbe.v7i2.27626

Abstract

Purpose – This study investigates key determinants of personal financial management behaviour among Indonesian millennials, focusing on the roles of financial literacy, attitude toward money, locus of control, and financial socialisation sources, including parents, peers, media, and social media.Methodology – Data were collected through an online questionnaire using purposive sampling and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM).Findings – The results show that financial socialisation, parental socialisation, social media, and peer and media influences positively affect millennials’ attitudes toward money and financial management behaviour. External locus of control does not directly influence financial behavior but indirectly mediates the effects of financial socialization and peer and media influence. Attitude toward money mediates the influence of family financial socialization and peer and media exposure. In contrast, financial literacy mediates the impact of family financial socialization, peers, media, and locus of control on financial behavior.Originality/Novelty – This study offers an integrated model that combines psychological factors and diverse financial socialization agents to explain millennial financial behavior. This area remains underexplored in the Indonesian context.Implications – The findings highlight the need for targeted financial education initiatives that strengthen socialization pathways and enhance financial literacy to improve millennials’ financial management practices.
Who Governs Bank Stability Amid Crises? Evidence From Broad Characteristics, Risk, and Performance Linda Putri Nadia; Izza Ashsifa; Izzat Firdausi; Anton Satria Prabuwono
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol. 18 No. 1 (2026): Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/alamwal.v18i1.23776

Abstract

Introduction: This study explores a relatively under-researched area in Indonesia, namely the influence of women board members on bank performance and risk. This study fills a crucial gap in the literature on the influence of board characteristics on bank risk-taking and performance in Indonesia, a country in Asia with characteristics distinct from those of European countries. We investigate the impact of board characteristics on bank risk and performance. Methods: We used unbalanced panel data comprising 594 bank-year observations from Bank Indonesia for 2003-2022 and tested the model using a fixed-effects model, controlling for bank and year effects  Results: This study found that women board members have a positive effect on bank performance and a negative impact on bank risk. On the other hand, we find robust results related to women directors have a positive impact on bank performance and a negative impact on bank risk, even though examined with different models and proxies. On the other hand, Board size positively affects bank stability but shows no consistent impact on credit risk or performance during crises. In contrast, board independence is negatively associated with stability and weakens bank performance during crisis periods. Conclusion and suggestion: This research can contribute to the government’s attention to the importance of gender diversity on boards of directors. These study results can also guide other developing countries with similar legal systems.
Strategi Pemasaran Digital, Inovasi Produk, Dan Penguatan Keterampilan Keuangan untuk Meningkatkan Daya Saing UMKM Kopi Japan Tina Rahayu; Faridhatun Faidah; Linda Putri Nadia
Abdimas Mandalika Vol 5, No 6 (2026): Oktober
Publisher : Universitas Muhammadiyah Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31764/am.v5i6.42157

Abstract

Abstract:  Micro, Small, and Medium Enterprises (MSMEs) play a vital role in local economic development; however, business owners often face challenges regarding financial management, digital marketing, product innovation, and production capacity. These issues were identified at the "Kopi Japan" MSME in Japan Village, Dawe District, Kudus Regency. This community service initiative aimed to enhance the business management capabilities and competitiveness of the partner enterprise by strengthening financial management, digital marketing, product innovation, and the implementation of production technology. The implementation method comprised an initial survey, identification of partner needs, coordination, training, practical sessions, mentoring, technology implementation, monitoring, and evaluation. Activities included training on preparing financial reports based on SAK EMKM (Financial Accounting Standards for Micro, Small, and Medium Entities), calculating the cost of goods sold, digital marketing, utilizing social media and online marketplaces, developing coffee products, improving packaging, and using coffee processing machinery. The results demonstrated improvements in the partner's ability to maintain financial records, calculate production costs, utilize digital media for marketing, develop product variations, and increase production capacity. The partner also received tangible outputs, including financial report templates, social media business accounts, coffee processing equipment, packaging designs, innovative products, and digital promotional content. The initiative demonstrates that an integrated approach—combining training, mentoring, and technology implementation—can strengthen the capacity and competitiveness of MSMEs rooted in local potential.Abstrak: Usaha Mikro, Kecil, dan Menengah (UMKM) memiliki peran penting dalam pengembangan ekonomi lokal, namun pelaku usaha masih menghadapi berbagai kendala dalam pengelolaan keuangan, pemasaran digital, inovasi produk, dan kapasitas produksi. Permasalahan tersebut juga ditemukan pada UMKM Kopi Japan di Desa Japan, Kecamatan Dawe, Kabupaten Kudus. Kegiatan pengabdian kepada masyarakat ini bertujuan meningkatkan kapasitas pengelolaan usaha dan daya saing mitra melalui penguatan manajemen keuangan, pemasaran digital, inovasi produk, dan penerapan teknologi produksi. Metode pelaksanaan meliputi survei awal, identifikasi kebutuhan mitra, koordinasi, pelatihan, praktik, pendampingan, penerapan teknologi, monitoring, dan evaluasi. Kegiatan mencakup pelatihan penyusunan laporan keuangan berbasis SAK EMKM, perhitungan harga pokok produksi, digital marketing, pemanfaatan media sosial dan marketplace, pengembangan produk kopi, perbaikan kemasan, serta penggunaan mesin pengolah kopi. Hasil kegiatan menunjukkan adanya peningkatan kemampuan mitra dalam melakukan pencatatan keuangan dan menghitung harga pokok produksi, pemanfaatan media digital untuk pemasaran, pengembangan variasi produk, serta peningkatan kapasitas produksi. Mitra juga memperoleh sejumlah luaran berupa template laporan keuangan, akun bisnis media sosial, mesin pengolah kopi, desain kemasan, produk inovatif, dan konten promosi digital. Kegiatan menunjukkan bahwa pendekatan terpadu melalui pelatihan, pendampingan, dan penerapan teknologi dapat memperkuat kapasitas dan daya saing UMKM berbasis potensi lokal.