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The Meaning of Risk in Stock Investment: A Phenomenological Study of Beginner Investors Retnowati Jasa; Bambang Sugeng Dwiyanto; Dian Widyantini; Wiwit Agustina; Dany Luqyana Idris
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 3 (2026): Vol. 8 No. 2 (2026): All articles in this issue include authors from 3 countrie
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i3.11496

Abstract

The development of the capital market in Indonesia has increased the number of novice investors investing in stocks through various digital platforms. However, this increased participation has not been fully accompanied by a deep understanding of investment risk. Most previous studies have focused on quantitative risk measurement, while the meaning of risk based on investors' lived experiences is still relatively rare. This study aims to understand the meaning of risk in stock investment from the perspective of novice investors using a phenomenological approach. This study employed a qualitative method with a phenomenological approach. Informants were selected through purposive sampling technique, namely novice investors who have actively invested in stocks, have experienced both profits and losses, and are willing to share their investment experiences. Data were collected through in-depth interviews, observation, and documentation, then analyzed using phenomenological analysis stages through bracketing, horizontalization, grouping themes, and compiling textural and structural descriptions to uncover the essence of informants' experiences. The results show that risk is interpreted as an integral part of stock investment, not simply the potential for financial loss. Experience with losses, market fluctuations, and emotional stress shapes investors' perspectives to become more rational, cautious, and able to control their emotions when making investment decisions. Furthermore, the social environment and digital media influence risk perception, although personal experience is a key factor in developing a more mature understanding. This research contributes to the development of behavioral finance studies by demonstrating that the meaning of risk is a construct of investors' lived experiences. The research findings also offer practical implications for regulators, securities firms, and educational institutions in designing investment education programs that emphasize risk understanding and managing investor behavior.
Formulation of Strategies for Human Resource Competency Development in the Digital Era Sentot E Baskoro; Dany Luqyana Idris; Muhamad Sigid Safarudin; Bambang Bambang; Faizal Faizal
Socius: Jurnal Penelitian Ilmu-Ilmu Sosial Vol 3, No 8 (2026): March
Publisher : Penerbit Yayasan Daarul Huda Kruengmane

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.19389445

Abstract

This study aims to formulate a strategy for developing human resource (HR) competencies in the digital era, characterized by the rapid development of information and communication technology. These changes require HR to possess adaptive, innovative competencies, and the ability to master digital skills. However, in practice, there is still a skills gap between existing capabilities and the needs of the workplace, and the development methods implemented by organizations are suboptimal. This study used a qualitative, descriptive approach. Data were collected through interviews, observation, and documentation, with informants selected using purposive sampling. Data analysis was carried out through the stages of data reduction, data presentation, and conclusion drawing, and its validity was tested through triangulation of sources and methods. The results of the study indicate that a comprehensive HR competency development strategy in the digital era requires competency mapping, the implementation of digital-based learning, strengthening leadership roles, and building a culture of continuous learning.
Public Service Innovation Strategy Towards Smart Government Wiwit Agustina; Muhammad Fazil; Dany Luqyana Idris; Nur Ayu
Socius: Jurnal Penelitian Ilmu-Ilmu Sosial Vol 3, No 8 (2026): March
Publisher : Penerbit Yayasan Daarul Huda Kruengmane

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.18832482

Abstract

This study aims to analyze public service innovation strategies in realizing smart government and identify supporting and inhibiting factors in their implementation. Digital transformation in government is an urgent need in the information technology era, especially to improve the efficiency, transparency, and accountability of public services. This study uses a qualitative approach with a descriptive design. Data were collected through in-depth interviews, observations, and documentation studies of government agencies implementing digital-based public service innovations. Data analysis was conducted interactively through the stages of data reduction, data presentation, and conclusion drawing. Data validity was maintained through triangulation of sources and methods. The results show that public service innovation strategies towards smart government include service digitalization, business process simplification, data integration, strengthening transformational leadership, and increasing human resource capacity. The implementation of innovations has been proven to increase service time efficiency, information transparency, and public participation.Â