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Contact Name
Asti Pirmanda Saputri
Contact Email
astips17@gmail.com
Phone
+6282246731260
Journal Mail Official
almanaunla@gmail.com
Editorial Address
Jalan Karapitan No. 116, Kota Bandung, Jawa Barat
Location
Kota bandung,
Jawa barat
INDONESIA
Almana : Jurnal Manajemen dan Bisnis
ISSN : 25794892     EISSN : 26558327     DOI : -
Core Subject : Economy, Science,
Almana: Jurnal Manajemen dan Bisnis merupakan jurnal yang diperuntukkan agar dosen dan mahasiswa prodi manajemen dapat menuangkan karya ilmiah mereka melalui wadah jurnal ALMANA. Juga dapat menyerap karya ilmiah dosen dan mahasiswa dari luar perguruan tinggi UNLA.
Articles 576 Documents
Understanding Investment Decisions Behavior: The Effects of Age-Based Investment Behavior, Risk Tolerance, and Financial Literacy Mediated by Investment Self-Efficacy Badriatin, Tine; Suryanugraha, Dim Zarita; Hilman, Nadia Ulfa Agustin; Lestari, Nadya Ayu
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2890

Abstract

The Indonesian capital market has seen significant growth, with a notable increase in investors, especially post-COVID-19 due to rising interest in digital investment tools. However, this growth doesn't always correlate with optimal investment decision-making quality. In Indonesia's complex stock market, investor behavior is a critical research area. Variables like age-based investment behavior, risk tolerance, and financial literacy significantly influence investment decisions. This influence, however, is not always direct, as investment self-efficacy can act as a crucial psychological mediator. Understanding these interrelationships is vital for both academic insights and developing effective financial education and investor protection policies in Indonesia. This quantitative survey study aims to comprehensively identify, analyze, and test the relationships between these variables using Structural Equation Modeling (SEM). Parameter estimation results indicate that X2 and x3 positively and significantly influence Y, while X1 does not show a significant effect on Y. Furthermore, Y has a highly significant positive impact on Z. Overall, these findings largely support the hypotheses, reinforcing the roles of financial literacy and X2 as significant determinants of Y, and Y's mediating role on Z.
The Influence of Specific, Macroeconomic and ESG Factors on Banking Liquidity Risk in Indonesia Fanu, Ridhan Azka Hani; Agustine, Elsa; Lestari, Henny Setyo
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2892

Abstract

Liquidity risk remains a critical challenge for the banking sector, as it affects financial stability and the ability to meet short-term obligations. In Indonesia, banking liquidity is influenced by internal performance, macroeconomic conditions, and the growing emphasis on Environmental, Social, and Governance (ESG) practices. This study aims to examine the impact of bank-specific factors, macroeconomic indicators, and ESG scores on banking liquidity risk in Indonesia. Using panel data from Indonesian banks, liquidity risk is measured through two proxies: the liquid asset ratio (LC1) and the loan-to-total-assets ratio (LC2). The findings show that bank performance, represented by Net Interest Margin (NIM), positively affects LC1, while inflation has a negative impact. Bank capital and size are positively related to LC2, whereas income diversification and bank performance reduce LC2. ESG scores do not exhibit significant effects on liquidity risk. These results provide important implications for policymakers, bank managers, and researchers in designing strategies to enhance liquidity resilience and guide future studies on ESG’s role in liquidity management.
Analysis of Understanding and Belief in Interest in Becoming a Sharia Insurance Participant with Public Perception as an Intervening Variable Harahap, Yusra Lestari; Syarvina, Wahyu; Imsar, Imsar
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2897

Abstract

This research is motivated by the low public understanding and trust in insurance, even though this insurance is very important for future life. This study aims to analyze the influence of public understanding and trust on the interest in becoming a Sharia insurance participant, with public perception as an intervening variable. The study was conducted in the rural area of Sibuhuan, Padang Lawas, considering the low penetration of Sharia insurance due to low public understanding and trust. A sample of 100 respondents was drawn from a population of 22,464 people, referring to the age distribution of BPS 2024–2025. Analysis using SmartPLS 4 showed that understanding and trust significantly influenced interest, with trust as the dominant factor. Public perception was proven to strengthen the relationship between understanding and trust on interest in participating in Sharia insurance.
Structural Model of the Influence of Corporate Fundamental Factors on Market Value: A SEM-PLS Approach on LQ45 Companies Sadikin, Taufik
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2898

Abstract

Market value reflects investor perceptions of a firm’s financial condition and future prospects. However, in emerging markets like Indonesia, discrepancies often occur between strong financial fundamentals and actual market valuation. This study aims to develop a structural model that analyzes the influence of fundamental financial factors on market value, with Return on Assets (ROA) as a mediating variable. The research was conducted on 15 companies, consisting of both non-financial and banking firms, consistently listed in the LQ45 Index during the 2021–2023 period. Secondary data were collected from audited financial statements and analyzed using a quantitative approach through Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results indicate that CAPEX, DER, FATA, SIZE, and WCTO simultaneously affect ROA with an R² value of 0.577. Partially, CAPEX has a significant positive effect, while SIZE and WCTO show significant negative effects on ROA. DER and FATA are not statistically significant. Furthermore, ROA positively affects PBV; however, it only explains 2.2% of the variance (R² = 0.022). These findings suggest that market value is not solely driven by internal performance, highlighting the importance of incorporating external and qualitative factors in future valuation models.
Implementation of Collaboration Between Affiliators and Brands: A Phenomenological Study in the Fashion Industry Through Social Media Hasibuan, Siti Hawa; Kusmilawaty, Kusmilawaty; Irham, Mawaddah
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2899

Abstract

Social media has transformed marketing, with the fashion industry leveraging affiliate collaborations to blend personal narratives and product promotion. Despite Indonesia’s $8.6 billion social commerce market (2022), challenges like mismatched expectations and authenticity crises persist. This study aims to (1) explore affiliators’ subjective experiences in partnering with fashion brands, (2) identify collaboration mechanisms, (3) analyze challenges, and (4) assess partnership effectiveness. A phenomenological approach was adopted, with thematic analysis of open-ended questionnaires from 13 active affiliators. Two dominant models emerged: affiliate links and product bartering. Challenges included task-reward imbalances and restrictive brand guidelines. Effectiveness was measured via audience engagement, click-through rates, and personal branding gains. Successful collaborations require aligned values, transparent communication, and creative flexibility, offering actionable insights for affiliators and brands.
Repurchase Intention as the Impact of Service Quality and Atmosphere Store Ummah, Nadiah Khoeru; Oktavian, Rizky Ferrari
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2912

Abstract

In business, service quality and store atmosphere have a very important relationship, this is because when the service provided from a product or service is optimal in accordance with consumer expectations and supported by a good atmosphere, it will create a good company image in the minds of consumers. Service quality and store atmosphere can encourage consumers to make repeat purchases, this is because consumers who have received service according to their expectations and the atmosphere provided by the company provides comfort, consumers will feel happy with what they receive. This study aims to determine how the quality of service, store atmosphere, and repurchase interest at Delapan Belas Coffee And Beverages, Eatery. This study was conducted on consumers of Delapan Belas Coffee And Beverages, Eatery as a sample of 100 respondents by distributing questionnaires. The analysis method used is quantitative with descriptive and verification analysis. To process the data using Microsoft Excel 2019 and the SPSS 25 program for windows. The results of the study stated that the variables of service quality, store atmosphere, and repurchase interest are in the good category. The results also show that service quality has an impact on repurchase interest and store atmosphere has an impact on repurchase interest.