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Efek Moderasi Risiko Pasar pada Pengaruh Kepemilikan Manajerial Terhadap Nilai Pasar Perusahaan Goto T Fawazlul Rizqi; Aldi Akbar
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 1 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i1.4977

Abstract

This study aims to examine the impact of managerial ownership on firm market value, with market risk as a moderating variable producing conditional effects. The research covers the period from Q2 2022 to Q3 2023 in GOTO companies. The methodology employed is Conditional Process Analysis (CPA) by Andrew F. Hayes. Data were sourced from audited annual reports of the companies. The findings reveal that managerial ownership significantly negatively affects firm market value. However, when moderated by market risk, this relationship turns significantly positive across all levels of market risk (low, moderate, high), indicating that market risk effectively moderates the relationship between managerial ownership and firm market value.
Pengaruh Literasi Keuangan, Perilaku Keuangan dan Persepsi Risiko terhadap Pinjaman Online: Studi Kasus Generasi Milenial dan Generasi Z di Jawa Barat Serafica Dhara Ayuandika; Aldi Akbar
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 1 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i1.4988

Abstract

As a result of increased accessibility to information and technological advancements, online loans are becoming more popular among Millennials and Generation Z. There are substantial financial dangers associated with taking out loans online. Individuals' choices to use these services are greatly influenced by their level of financial knowledge, their financial behavior, and their perception of risk. The purpose of this research is to get a better understanding of young people's financial habits and risk management strategies by examining the impact of these three variables on online loan use in West Java. By sending out surveys to 250 people who have taken out loans online, this study uses a quantitative approach. Using SPSS, we conducted hypothesis tests (t-test, f-test, and coefficient of determination), testing for validity and reliability, multiple linear regression, and tests for classical assumptions. Those who are more informed about personal finance are more likely to exercise caution while taking out loans online, suggesting that financial literacy plays a key role in this relationship. Respondents that exhibit responsible financial habits are better equipped to handle the complexities of taking out loans online. People who are aware of the dangers are more likely to exercise caution while using these services, demonstrating how perceptions of risk influence decision-making.