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Keputusan Investasi Cryptocurrency di Purwakarta: Mengungkap Dampak dari Herding dan Overconfidence Pranata, Rengga Madya
Jurnal Manajemen dan Bisnis Kreatif Vol 9 No 1 (2023): JURNAL MANAJEMEN DAN BISNIS KREATIF
Publisher : LPPM Universitas Buana Perjuangan Karawang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36805/manajemen.v9i1.5502

Abstract

Investasi merupakan salah satu cara untuk mengalokasikan dana ke dalam bentuk investasi yang menguntungkan dengan memiliki dimensi waktu jangka panjang. Namun, keputusan investasi yang diambil harus dipertimbangkan dengan baik karena memiliki konsekuensi berjangka panjang pula. penelitian ini untuk menguji pengaruh herding dan overconfidence terhadap keputusan investasi cryptocurrency di PurwakartaPenelitian ini merupakan penelitian kuantitatif dengan melakukan survei terhadap investor cryptocurrency menggunakan kuesioner, sampling penelitian menggunakan aksidental terhadap investor di Purwakarta, responden yang di dapatkan berjumlah 53. Data dianalisis secara statistik untuk memahami pengaruhnya dengan analisis regresi berganda.Hasilnya ditemukan bahwa herding bias memiliki pengaruh positif yang signifikan terhadap keputusan investasi, sementara overconfidence bias juga mempengaruhi keputusan investasi meskipun dengan pengaruh yang lebih rendahInvestor perlu meningkatkan pemahaman tentang cryptocurrency, melakukan analisis yang cermat, dan mengurangi pengaruh perilaku herding dan overconfidence bias untuk membuat keputusan investasi yang lebih rasional.
Aspek Perilaku Dalam Overconfidence: Analysis Bibliometric Devi, Wiara Sanchia Grafita Ryana; Pranata, Rengga Madya
Jurnal Manajemen dan Bisnis Kreatif Vol 10 No 1 (2024): JURNAL MANAJEMEN DAN BISNIS KREATIF
Publisher : LPPM Universitas Buana Perjuangan Karawang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36805/manajemen.v10i1.8011

Abstract

ABSTRACT Abstract This research aims to conduct a bibliometric analysis of bias overconfidence published from 2017 to 2023. The Crossref database is used to gather information on studies related to overconfidence. A total of 2105 articles have been collected with the keyword "overconfidence". This paper analyzes publication trends and evaluates publication performance through mapping and scientific analysis. The study also identifies the contributions of authors, journals, countries, keywords, and articles using bibliometric analysis. The study suggests that the self-confidence levels of experts can reflect their potential behaviors or attitudes in decision-making and can have a significant influence on the final decision. An overconfidence measurement is presented to detect and manage the overconfidence behaviors of decision-makers in achieving consensus. ABSTRAK Abstrak: Penelitian ini bertujuan untuk melakukan analisis bibliometrik tentang biar overconfidence yang diterbitkan dari tahun 2017 hingga 2023. Database Crossref digunakan untuk mengumpulkan informasi mengenai studi yang berkaitan dengan overconfidence. Sebanyak 2105 artikel telah dikumpulkan dengan kata kunci overconfidence. Makalah ini menganalisis tren publikasi dan mengevaluasi kinerja publikasi melalui pemetaan dan analisis ilmiah. Penelitian ini juga mengidentifikasi kontribusi penulis, jurnal, negara, kata kunci, dan artikel menggunakan analisis bibliometrik. Penelitian ini menyiratkan bahwa tingkat kepercayaan diri para ahli dapat mencerminkan perilaku atau sikap potensial mereka dalam pengambilan keputusan dan dapat memiliki pengaruh signifikan pada keputusan akhir. Pengukuran kelebihan kepercayaan diri disajikan untuk mendeteksi dan mengelola perilaku kelebihan kepercayaan diri dari para pengambil keputusan dalam mencapai konsensus.
Herding Dynamics, Volatility, and Market Capitalization: Implications for Stock Returns in Indonesia Pranata, Rengga Madya; Waspada, Ikaputera; Nugraha, Nugraha; Purnomo, Budi S
JASF: Journal of Accounting and Strategic Finance Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024
Publisher : Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/jasf.v7i2.532

Abstract

This research examines the connections between herd mentality, price fluctuations, and company size in relation to stock performance for firms listed on the IDX from January 2019 through December 2023. The LSV approach is employed to quantify herding behavior, while historical data is used to calculate volatility. The study investigates how market capitalization and volatility influence the link between herd mentality and stock returns. Weekly stock prices, company valuations, trading volumes, and sales proportions from TradingView comprise the dataset. Findings indicate that market capitalization significantly enhances the relationship between herd behavior and stock returns, particularly for large-cap enterprises. Conversely, volatility weakens this relationship, with herd behavior's impact on stock returns diminishing in turbulent market conditions. These results highlight the significance of company size and market volatility in comprehending group investor conduct and its effects on stock market outcomes. The study's implications include the creation of more flexible investment tactics and market regulations that promote stability across various market scenarios.
The Influence Volatility, Profitability, Carbon Intensity on Stock Returns in Mining Companies 2021-2023 Prakoso, Satrio Budi; Suherman, Ujang; Pranata, Rengga Madya
Neraca Keuangan : Jurnal Ilmiah Akuntansi dan Keuangan Vol. 20 No. 1 (2025): APRIL
Publisher : Fakultas Ekonomi dan Bisnis Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/neraca.v20i1.19176

Abstract

Study This analyze influence volatility price share, profitability, and intensity carbon on the stock returns of Indonesian mining companies 2021–2023 using quantitative methods. Secondary data from report finance and trading share IDX, study This take sample 15 company with purposive sampling. The regression results show that while stock volatility has no effect and is not significant (coefficient 0.002 with significance 0.845>0.05), profitability has a positive and significant effect. to return share (coefficient 1,712 with significance 0.009 (<0.05), While That, carbon intensity Which measured through disclosure emission carbon Also No influential (coefficient -1,290 with a significance of 0.499 (>0.05),). In conclusion, profitability is a factor the main thing that improves attractiveness share, whereas volatility and emission carbon No influential. Implications study This emphasizes the importance of financial performance the good one and increasing environmental awareness for sustainability mining sector.
The Influence of Macroeconomic News on Currency Exchange Rates in Indonesia 2018-2023 Pranoto, Darmansyah Hegi; Suherman, Ujang; Pranata, Rengga Madya
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 3 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i3.7822

Abstract

This study aims to explain the cause of the IDR exchange rate experiencing high fluctuations during 2018-2023 using monthly data. To determine whether macroeconomic news affects the IDR exchange rate, this study employs the Ordinary Least Square (OLS) model. In addition, this study aims to determine what macroeconomic news affects fluctuations in the IDR exchange rate. The main findings of the research results show that search interests related to macroeconomic news simultaneously affect the IDR exchange rate, but partially six of the eleven search interests related to macroeconomic news affect exchange rate fluctuations. In addition, the mean value which is greater than the median value on the dependent variable indicates that during the study period the IDR exchange rate tended to depreciate against the USD. Studies like this are still rare in Indonesia, making this research a valuable addition to financial management education. The researcher hopes that it can be developed further with other search interests that can affect and predict the movement of the IDR exchange rate.
The Effect of Credit Risk on the Financial Stability of Rural Credit Banks in West Java: The Mediating Role of Profitability Rahadian, Zaidan; Suherman, Ujang; Pranata, Rengga Madya
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 3 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i3.7900

Abstract

This study aims to analyze the impact of credit risk on the financial stability of People's Credit Banks (BPR) in West Java from 2019 to 2023, considering the mediating role of profitability. Employing a quantitative methodology with descriptive and verificative approaches, the research utilizes secondary data from annual financial reports of BPRs obtained from the Financial Services Authority (OJK). The sample comprises 94 BPRs, with data analysis conducted using panel data regression and the Sobel test. Descriptive analysis reveals significant variations in credit risk levels, profitability, and financial stability across BPRs. Regression results indicate that credit risk exerts a negative but statistically insignificant effect on financial stability, while profitability demonstrates a positive and significant influence. Mediation analysis via the Sobel test confirms that profitability does not mediate the relationship between credit risk and financial stability. Simultaneously, both variables collectively contribute to financial stability, though external factors outside the model also play a role in shaping outcomes. The study concludes that enhanced credit risk management and improved profitability can bolster the financial stability of BPRs. Recommendations include strengthening credit risk governance, optimizing operational efficiency, and ensuring adequate capital buffers to maintain financial resilience amid economic challenges.
Pengaruh Social Influence dan Facilitating Conditions Terhadap Behavioral Intention Pengguna e-wallet Triana, Betha; Suherman, Ujang; Pranata, Rengga Madya
JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Vol. 11 No. 3 (2025): Juni 2025
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemsi.v11i3.4174

Abstract

This study aims to examine the effect of social influence and facilitating conditions on behavioral intention in using electronic wallets (e-wallets) among students of the Karawang Buana Perjuangan University Management Study Program, both partially and simultaneously. The research sample consisted of 80 respondents selected using purposive sampling technique based on the Slovin formula. Data were collected through a questionnaire instrument with a semantic differential measurement scale. Before further analysis, the research instrument was tested for validity and reliability to ensure the accuracy and consistency of the data. The analysis technique used was multiple linear regression.The results showed that the variables of social Influence and facilitating conditions had a significant effect on behavioral intention in using e-wallets, both individually and simultaneously. This finding indicates that the greater the social Influence and the better the supporting conditions, the higher the intention of students to use e-wallets. The two independent variables together are able to explain 46.1% of the variability in behavioral intention, which indicates that there are other factors outside this model that also influence students' intention to use e-wallets.
Pengaruh Uang Saku dan Self-control Terhadap Perilaku Pembelian Impulsif Merchandise K-Pop Pada Kpopers Karawang Saepudin, Lisnawati; Suherman, Ujang; Pranata, Rengga Madya
JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Vol. 11 No. 3 (2025): Juni 2025
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemsi.v11i3.4185

Abstract

This study aims to determine the effect of pocket money and self-control on impulsive buying behavior of K-Pop merchandise among K-Pop fans in Karawang. A quantitative approach with a descriptive correlational method was applied. A total of 75 respondents were selected using purposive sampling. Data were collected through an online questionnaire and analyzed using multiple linear regression. The results showed that pocket money has a positive and significant effect on impulsive buying behavior, while self-control has no significant effect. Despite most respondents having high self-control, emotional impulses triggered by idol merchandise remained hard to suppress. Simultaneously, pocket money and self-control significantly influence impulsive buying, although with a relatively small contribution. This research suggests the importance of enhancing financial literacy and strengthening self-control to reduce consumptive behavior among popular culture enthusiasts.
Investor sentiment and herding in Islamic stocks: An exploration of the moderating role of market capitalization Pranata, Rengga Madya; Jamaludin, Asep; Nandang, Nandang; Wanta, Wanta
Journal of Accounting and Investment Vol. 26 No. 2: May 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i2.25951

Abstract

Research aims: This study examines the impact of investor sentiment on herding behavior in the Indonesian Islamic stock market, with market capitalization as a moderating variable.Design/Methodology/Approach: A quantitative approach is used with secondary data from the Indonesian Stock Exchange (IDX) in the period 2022-2023 on 70 Islamic companies. Investor sentiment was measured using the Google Search Volume Index (GSVI), while herding behavior was analyzed using the Lakonishok, Shleifer, and Vishny (LSV) method. Market capitalization is categorized into blue chip, middle chip, and lower chip, and moderated regression analysis (MRA) is applied. The data used meets the criteria of 136 data.Research findings: Investor sentiment significantly influences herding behavior among domestic and foreign investors. Positive sentiment drives stock purchases, while negative sentiment accelerates sell-offs. Market capitalization strengthens the impact of sentiment on herding, especially in small-cap stocks, which are more sensitive to market fluctuations. Theoretical contribution/ Originality: This study highlights the moderating role of market capitalization in sentiment-driven herding, providing new insights into the dynamics of Islamic stock markets.Practitioner/Policy implication: Regulators should monitor sentiment-driven volatility, while investors need to consider market capitalization when making decisions to mitigate risks.Research limitation/Implication: This study is limited to the Indonesian Islamic stock market and uses GSVI as the sole sentiment measure. Future research could explore broader sentiment indicators for deeper insights.
Pengaruh Perubahan Iklim (Emisi Karbon) Dan Risiko Kredit Terhadap Profitabilitas Pada Perusahaan Yang Terdaftar Di Sri Kehati Murhayani, Murhayani; Suherman, Ujang; Pranata, Rengga Madya
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 5 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i5.9086

Abstract

Penelitian ini bertujuan “untuk menganalisis pengaruh perubahan iklim (emisi karbon) dan risiko kredit terhadap profitabilitas pada perusahaan yang terdaftar dalam indeks Sri Kehati. Penelitian ini menggunakan metode kuantitatif data sekunder. Teknik pengumpulan data sekunder diperoleh dari laporan keuangan kuartal dan data emisi karbon yang terdiri dari 10 (sepuluh) perusahaan dibidang industri sektor manufaktur yang terdaftar dalam indeks Sri-Kehati di indonesia periode tahun 2019-2023. Analisis data laporan keuangan perusahaan dan data emisi karbon pada rasio utang gagal bayar dengan menggunakan software eviews untuk analisis regresi data panel. Hasil penelitian menunjukan bahwa emisi karbon berpengaruh positif dan signifikan terhadap profitabilitas. Artinya, semakin tinggi pengungkapan emisi karbon suatu perusahaan, maka semakin besar profitabilitas yang dicapai perusahaan. Risiko kredit berpengaruh positif terhadap profitabilitas, yang menunjukan bahwa perusahaan tetap mampu menjaga profitabilitas meskipun rasio NPL meningkat, kemungkinan karena penerapan manajemen risiko kredit yang efektif. Kesimpulannya pengujian hipotesis menunjukan bahwa secara simultan dan parsial, perubahan iklim dan risiko kredit berpengaruh signifikan terhadap profitabilitas perusahaan. Temuan ini mengindikasikan pentingnya strategi pengelolaan risiko dan keberlanjutan lingkungan dalam menjaga kinerja keuangan perusahaan. Oleh karena itu, perusahaan perlu lebih memperhatikan aspek lingkungan dan pengendalian risiko kredit sebagai bagian dari strategi peningkatan profitabilitas jangka panjang.”