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The Effect of Political Contestation on Investor Reaction: Evidence from Indonesia Sharia Stock Nasution, Ananta Hagabean; Fadhillah, Penny Rahmah; Zusryn, Alyta Shabrina
Jurnal Orientasi Bisnis dan Entrepreneurship (JOBS) Vol 4 No 1 (2023): JUNI 2023
Publisher : Lembaga Penelitian Universitas YARSI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33476/jobs.v4i1.2505

Abstract

Political events can cause uncertainty in the business environment and affect stock returns. This study aims to examine the reaction of sharia stock investor to political events in 2019. Some previous studies found that the influence of political events in Indonesia on investors' reactions is not yet conclusive. Therefore, this research utilized five political events during the general election they are: candidates inauguration, candidates’ final debate, quick count announcement, Election Commission (KPU) announcement, Constitutional Court (MK) announcement. This research used cumulative average abnormal return (CAAR) and average abnormal return (AAR) values as indicators in detecting investor reactions and used actively traded stocks listed on the Indonesian Sharia Stock Index (ISSI) from 2017 to 2019. The results of this study indicate that there is a negative reaction on t-1 before the debate of candidates. Furthermore, the opposite results occurred during the announcement of the presidential election results conducted by the Election Commission (KPU). This result indicates that investors quickly get information about political uncertainty. The implication is that political events are one of the relevant event studies to determine sharia stock prices to investors.
What Factors Affecting Indonesian Mining Companies’ Stock Price Before and During the COVID-19 Pandemic Ulfiani, Nurin; Simon, Zainal Zawir; Nasution, Ananta Hagabean
Jurnal Orientasi Bisnis dan Entrepreneurship (JOBS) Vol 5 No 1 (2024): JUNE 2024
Publisher : Lembaga Penelitian Universitas YARSI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33476/jobs.v5i1.4172

Abstract

This study aims to analyze the factors influencing stock prices of mining sector companies listed on the Indonesian Stock Exchange before and during the COVID-19 pandemic. Panel data regression is utilized, with a sample of 39 mining companies selected through Purposive Sampling. Results indicate that, before the pandemic (2017–2019), company size significantly impacted stock prices, while liquidity, leverage, and profitability ratios did not. Conversely, during the pandemic (2020–2022), liquidity ratios and company size had a significant effect on stock prices, unlike leverage and profitability ratios. Throughout both periods, stock prices were significantly affected by liquidity, leverage, profitability, and company size. These findings provide insights for businesses to enhance productivity and financial sustainability, especially during economic instability like the pandemic. They also serve as indicators for investors regarding buying or selling shares, particularly in the mining sector. Additionally, the government can leverage these insights to optimize the mining sector, potentially boosting company revenues and supporting GDP growth.
What Effect Investment Decision For Gen - Z in DKI Jakarta Using Financial Behavior As a Mediating Variable. Fatimah, Vieta; Nasution, Ananta Hagabean
JURNAL ILMU MANAJEMEN SABURAI Vol 10, No 2 (2024): JURNAL ILMU MANAJEMEN SABURAI (JIMS)
Publisher : Universitas Sang Bumi Ruwa Jurai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24967/jims.v10i2.3396

Abstract

What Effect Investment Decision For Gen -  Z in DKI Jakarta Using Financial Behavior As a Mediating Variable. Vieta Fatimah1, Ananta Hagabean Nasution2  Universitas YarsiVietafatimah96@gmail.com Ananta.hagabean@yarsi.ac.id   AbstrakSebagai makhluk ekonomi, manusia selalu berusaha untuk meningkatkan kehidupan finansialnya. Investasi adalah salah satu caranya. Perasaan takut tertinggal pada generasi muda menyebabkan perilaku impulsive dalam berbagai hal, termasuk berinvestasi. Dengan mengintegrasikan locus of control dan financial technology ke dalam model yang meneliti literasi keuangan terhadap keputusan investasi, serta menambahkan perilaku keuangan sebagai variabel intervening, khususnya dalam konteks generasi Z di DKI Jakarta yang sebelumnya belum banyak diteliti. Teknik penganbilan sampel dengan teknik purposive sampling menggunakan non – probability melalui penyebaran kuesioner. Dengan sampel penelitian Generasi – Z di seluruh DKI Jakarta yang sudah pernah berinvestasi selama 6 bulan terakhir sudah melakukan transaksi dengan jumlah 204 responden. Hasil penelitian menunjukkan bahwa literasi keuangan dan perilaku keuangan berpengaruh terhadap keputsan investasi, finansial teknologi dan locus of control tidak berpengaruh terhadap keputusan investasi, literasi keuangan, finansial teknologi dan locus of control berpengaruh terhadap perilaku keuangan, perilaku keuangan memediasi literasi keuangan, finansial teknologi dan locus of control terhadap keputusan investasi. Literasi keuangan, finansial teknologi, locus of control, keputusan investasi di pasar modal dan perilaku keuangan pada generasi – Z di DKI Jakarta. Implikasi manajerialnya, orang lebih memahami investasi, pemahaman literasi keuangan, lebih memahami strategi investasi, menghindari investasi karena FOMO. Mengembangkan edukasi pasar modal yang mudah diakses, mendukung platform investasi online yang aman dan ramah pengguna, serta melakukan evaluasi kebijakan rutin dengan Gen – Z. Kata Kunci: Keputusan investasi, Perilaku Keuangan, Literasi Keuangan, Financial Technology, Locus of Control.What Effect Investment Decision For Gen -  Z in DKI Jakarta Using Financial Behavior As a Mediating Variable. Vieta Fatimah1, Ananta Hagabean Nasution2University of YarsiVietafatimah96@gmail.com Ananta.hagabean@yarsi.ac.id  AbstractAs economic beings, humans always strive to improve their financial lives. Investment is one of the ways. The fear of being left behind in the younger generation causes impulsive behavior in various ways, including investing. By integrating locus of control and financial technology into a model that examines the effect of financial literacy on investment decisions, and adding financial behavior as an intervening variable, especially in the context of generation Z in DKI Jakarta, which has not been widely studied before. The sampling technique uses non-probability with purposive sampling technique through distributing questionnaires. With a research sample of Generation - Z throughout DKI Jakarta who have invested in the last 6 months and have made transactions with a total of 204 respondents. The results showed that financial literacy and financial behavior affect investment decisions, financial technology and locus of control have no effect on investment decisions, financial literacy, financial technology and locus of control affect financial behavior, financial behavior mediates financial literacy, financial technology and locus of control on investment decisions. Financial literacy, financial technology, locus of control, investment decisions in the capital market and financial behavior in generation - Z in DKI Jakarta. The managerial implication is that people understand more about investment, understanding financial literacy, and financial behavior. Keywords: Investment decision, Financial Behavior, Financial Literacy, Financial Technology, Locus of Control.
Factors Influencing Financial Behavior in the use of E-Wallet (Gopay) Among Generation Z in the DKI Jakarta Region with Intention to use as a Mediating Variable Alifah, Navrasty Dinda; Nasution, Ananta Hagabean
ProBisnis : Jurnal Manajemen Vol. 15 No. 5 (2024): October: Management Science
Publisher : Lembaga Riset, Publikasi dan Konsultasi JONHARIONO

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The aim of this study is to identify the factors that influence financial behavior related to the use of the e-wallet service Gopay among Generation Z in the DKI Jakarta region, with the intention to use serving as a mediating variable. This research employs a quantitative methodology, utilizing a sample of 200 Gopay users. Data was collected through a questionnaire, and purposive sampling techniques were applied. Data analysis was conducted using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) method. The findings reveal that perceived ease of use does not impact financial behavior. Conversely, perceived security and perceived usefulness significantly and positively influence financial behavior. The intention to use has a positive and significant effect on financial behavior. Perceived ease of use does not influence the intention to use, whereas perceived security and perceived usefulness significantly and positively affect the intention to use. The intention to use does not mediate the relationship between perceived ease of use and perceived usefulness with financial behavior. However, it does mediate the relationship between perceived security and financial behavior.
An An Investigation of Profit Growth in Indonesian Banking Before and During Pandemic Covid-19: Does Financial Performance Matter? Ashari , Ardhita Pramesti; Simon , Zainal Zawir; Nasution, Ananta Hagabean; Zusryn , Alyta Shabrina; Asaari, Masagus
Research of Business and Management Vol. 3 No. 2 (2025): AUGUST 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rbm.v3i2.296

Abstract

This study examines the influence of Capital Adequacy Ratio (CAR), Net Interest Margin (NIM), Operational Income on Operating Costs (BOPO), and Loan to Deposit Ratio (LDR) on profit growth in the Indonesian banking sector, both before and during the COVID-19 pandemic. The research employs panel data regression with a sample of 44 banking companies listed on the Indonesia Stock Exchange (IDX). The results show that before the pandemic, CAR had a positive and significant effect on profit growth, while NIM and BOPO had negative and significant effects. LDR, however, showed a negative but insignificant effect. During the COVID-19 pandemic, CAR, NIM, and BOPO were found to have negative and significant impacts on profit growth, whereas LDR also negatively affected profit growth. Simultaneous testing confirms that CAR, NIM, BOPO, and LDR significantly influence profit growth in both periods. The findings provide managerial implications for banking companies to monitor key financial ratios that affect profitability. A healthier and more stable banking industry increases public trust and supports financial system stability. For investors, the study highlights the importance of understanding these financial factors when making investment decisions in the banking sector.