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Analisis Perbandingan Pendekatan Pengelolaan Lahan untuk Pembangunan Publik di Tanah Adat: Penekanan Bank Tanah Koperasi (BTK) dalam Studi Kasus Minangkabau Mahargita, Refina; Perdana, Ahmad Baikuni; Syaifullah, Muhammad Yusuf
Jurnal Penelitian Hukum De Jure Vol 24, No 3 (2024): November Edition
Publisher : Law and Human Rights Policy Strategy Agency, Ministry of Law and Human Rights of The Repub

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30641/dejure.2024.V24.307-320

Abstract

Customary land, known as tanah ulayat in Indonesia, holds a unique status that differentiates it from other land types, particularly when used for public purposes. Government land acquisition practices risk eroding this status, potentially affecting Indigenous social groups. Cooperation between the government and indigenous communities, through regional governments and other institutions, is recommended as an alternative approach to land acquisition. This research examines various land management tools, focusing on customary land in Minangkabau for public and development purposes. Using a juridical-normative method linked to legal products and content analysis of previous studies, the research identifies three key variables related to customary land: control, utilization, and legality. These variables are analyzed within the context of public interest and research limitations. Three land provision schemes are explored: Land Provision, Cooperative Land Banking (CLB), and Land Commercialization. Each scheme has distinct impacts on land ownership, legality, and the collective well-being of indigenous communities. While Land Provision offers immediate compensation but forfeits land control, CLB and Land Commercialization allow indigenous groups to retain land ownership, with CLB being the preferred option due to its promotion of sustainable land use and active community involvement. The study concludes that CLB is the most viable approach for ensuring long-term economic benefits and land control for Indigenous communities. However, it requires government support regarding legal adjustments and frameworks for cooperation.
Neurofinance and Investment Decisions in an Emerging Market: The Moderating Role of Financial Literacy Yusuf, Muhammad; Naufal, Hanif Afif; Syaifullah, Muhammad Yusuf
Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER
Publisher : School of Accountancy, University of Agung Podomoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36766/hhnba614

Abstract

Investment decision-making in financial markets is increasingly recognized as a process shaped by both cognitive and neurobiological factors. While prior behavioral finance studies have extensively examined psychological biases, empirical evidence integrating neurofinance and financial literacy remains limited, particularly in emerging market contexts. This study investigates the influence of neurotransmitter-related traits on investment decisions, with financial literacy examined as a moderating mechanism. Using primary survey data from 412 retail investors in an emerging market, this study applies Partial Least Squares Structural Equation Modeling (PLS-SEM) to test a moderated structural model. Neurotransmitter traits are specified as a higher-order construct capturing reward sensitivity, emotional regulation, vigilance, and stress responsiveness. Financial literacy is modeled as a moderator using a two-stage interaction approach. The findings reveal that neurotransmitter traits exert a positive and statistically significant effect on investment decisions. Financial literacy also demonstrates a direct positive effect on investment decision-making. However, the moderation analysis indicates a negative and significant interaction effect, suggesting that higher levels of financial literacy attenuate the influence of neurobiological traits on investment decisions. This result supports the interpretation of financial literacy as a behavioral buffering mechanism, reducing reliance on instinctive or emotionally driven investment behavior. This study contributes to the behavioral finance and neurofinance literature by providing empirical evidence on the conditional role of financial literacy in shaping investment decisions within an emerging market. The findings offer practical implications for investor education policies and financial market development strategies aimed at fostering more informed and disciplined investment behavior.