cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Mesran
Contact Email
mesran.skom.mkom@gmail.com
Phone
+6282161108110
Journal Mail Official
jurnal.ekuitas@gmail.com
Editorial Address
Jalan Sisingamangaraja No. 338, Simp. Limun, Medan, Sumatera Utara
Location
Kota medan,
Sumatera utara
INDONESIA
EKONOMI, KEUANGAN, INVESTASI DAN SYARIAH (EKUITAS)
Published by Forum Kerjasama Pendidikan TInggi
ISSN : -     EISSN : 2685869X     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
1. Auditing, 2. Financial Management, 3. Marketing Management, 4. Strategic Management, 5. Organizational Behavior, 6. Operations Management, 7. Change Management, 8. Management of Sharia, 9. Knowledge Management 10.Entrepreneurship, 11.E-Business, 12.Business Management, 13.Capital Market, 14.Risk Management, 15.Syariah banking, 16.Economics of Sharia, 17.Islamic Capital Market, 18.Financial accounting, 19.Managerial accounting, 20.Behavioral accounting, 21.Tax accounting, 22.Public Sector Accounting, and 23.Syariah accounting
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 627 Documents
 59   60   61   62   63 
Pengaruh Literasi Keuangan dan Kepercayaan Terhadap Minat Investasi Digital Mahasiswa Adelia, Christina; Purnamasari, Endah Dewi; Emilda, Emilda
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9727

Abstract

The increasing accessibility of digital investment among university students has not been fully accompanied by a high level of investment interest. This study aims to analyze the effect of financial literacy and trust on students’ interest in digital investment in Palembang City. This research employs a quantitative approach with a sample of 400 students, and the data are analyzed using SPSS version 26. The results show that financial literacy and trust have a positive and significant effect on digital investment interest. Financial literacy has a t-value of 6.540 with a significance level of 0.000 (<0.05), indicating a strong influence, while trust also demonstrates a significant effect with a significance level of less than 0.05. These findings indicate that higher financial literacy enhances students’ understanding of investment instruments, risks, and returns, while greater trust in the security, transparency, and credibility of digital platforms increases their willingness to invest. The implications of this study highlight the importance of strengthening financial literacy education in higher education institutions and improving the security and transparency of digital platforms to build student trust. Therefore, a combination of strong financial literacy and trust can foster more rational and responsible digital investment behavior among young generations.
Pengaruh Literasi Keuangan, Fintech Payment, dan Gaya Hidup terhadap Perilaku Konsumtif Generasi Z Kristianing, Endang; Purnamasar, Endah Dewi; Setiawan, Budi
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9729

Abstract

The rapid development of financial technology and lifestyle changes in the digital era have increased consumptive behavior among Generation Z, potentially leading to long-term financial problems if not supported by adequate financial literacy. This study aims to analyze the effect of financial literacy, fintech payment, and lifestyle on the consumptive behavior of Generation Z in Palembang City. This research employs a quantitative method with a survey approach involving 145 respondents selected using purposive sampling techniques. Data were analyzed using multiple linear regression with the assistance of SPSS, including descriptive statistical analysis, classical assumption tests, and hypothesis testing (t-test and F-test). The results indicate that financial literacy has a negative and significant effect on consumptive behavior (p < 0.05), fintech payment has a positive and significant effect (p < 0.05), and lifestyle also has a positive and significant effect (p < 0.05). Simultaneously, all variables have a significant effect on consumptive behavior (F-test, p < 0.05). These findings highlight the importance of improving financial literacy and controlling fintech usage and lifestyle to reduce consumptive behavior among Generation Z.
Pengaruh Literasi Ekonomi dan Peer Influence Terhadap Pembelian Impulsif dengan FOMO Sebagai Mediasi Athiyah, Aniqotul; Rafsanjani, Mohamad Arief
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9733

Abstract

Technological advancements have driven changes in consumer behavior. One such development is the transformation of social media into social commerce, which has become an increasingly popular online shopping concept. This platform enables users to view and automatically add products to their shopping carts, thereby increasing the tendency toward impulsive buying, particularly among university students as primary users of digital media. This study aims to examine the effect of economic literacy and peer influence on impulsive buying, mediated by Fear of Missing Out (FOMO). The study sample consisted of 215 students and was analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results of this study indicate that economic literacy has a negative and significant effect on impulsive buying and FOMO, while peer influence has a positive and significant effect on impulsive buying and FOMO. Furthermore, FOMO has a positive and significant effect on impulsive buying and mediates the relationship between economic literacy and peer influence on impulsive buying. This study contributes by examining consumer behavior, particularly cognitive and social factors, in explaining impulsive buying while considering FOMO as a mediating variable that has not been comprehensively studied amid the rising trend of digital shopping.
Pengaruh Nilai Perusahaan dan Financial Distress terhadap Harga Saham dengan Struktur Modal sebagai Moderasi Tanjung, Oktami Nabella; Sarlawa, Rita; Widyaningsih, Dhina Sri; Hamzah, Pratiwi
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9806

Abstract

This study is grounded in the volatility of LQ45 stock prices on the Indonesia Stock Exchange (IDX) during 2020–2024, influenced by global economic dynamics and post-pandemic conditions. This study aims to examine the impact of firm value and financial distress on stock prices, as well as to explore the role of capital structure as a moderating variable. The study employs a quantitative method with secondary data sourced from corporate financial reports. Purposive sampling technique yielded 9 companies with 45 observations. Data processing was conducted through PLS-SEM combined with Moderated Regression Analysis (MRA). The findings reveal that firm value has a positive and significant effect on stock prices (T-statistic = 5.912; p = 0.000), suggesting that higher company valuation leads to greater investor appreciation. In contrast, financial distress shows no significant effect on stock prices (β = 0.002; p = 0.990), as financial distress information for large-cap LQ45 issuers is already priced in early by investors. Capital structure successfully moderates the relationship between firm value and stock prices (T-statistic = 2.495; p = 0.013), indicating that an optimal financing composition strengthens the positive signal of firm value in the market. However, capital structure fails to moderate the impact of financial distress on stock prices (β = −0.189; p = 0.261), suggesting that market sentiment and external factors dominate stock price movements under financial pressure conditions. The overall model explains 55.1% of stock price variation. These results indicate that corporate financing decisions are more dominated by firm value and capital structure than by financial distress risk. This study provides managerial implications for investors and corporate management in designing increasingly accurate and strategic financial policies to enhance firm value and stock price stability in the capital market.
Financial Statement Accountability, Transparency, and Managerial Competence in Zakat Institutions Budi Al Amin; Nani Irma Susanti; Sundari Sundari
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9425

Abstract

Ensuring accountability within zakat institutions is vital for managing public funds with professionalism and transparency, thereby safeguarding public trust and preventing misappropriation. This research investigates manager competence effects and transparency on financial reports accountability at Lazismu in Central Java. Managerial competence is defined by knowledge, technical skills, and professional ethics, while transparency is characterized by the institution's commitment to information disclosure. To achieve the research objectives, a quantitative approach was applied through primary data collection using a questionnaire instrument. A total of 100 respondents who serve as managers at Lazismu in the Central Java region participated in this survey. The valid data were then processed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS) data analysis techniques. In-depth analysis of the measurement and structural models was carried out with the assistance of SmartPLS 4.0 software. The findings show that both zakat manager competence and transparency significantly impact financial statement accountability. These results underscore that enhanced amil knowledge and greater transparency lead to improved financial reporting accountability. These research findings serve to enhance internal regulatory frameworks, thereby facilitating the transparent and professional management of zakat funds by these institutions. In conclusion, the structural model generates an R-square value of 0.963, which implies that managerial competence and transparency jointly explain 96.3% of the variance in financial statement accountability. Moreover, the positive Q-square value substantiates the model's strong predictive relevance.
The Effect of Macroeconomic Conditions and Income Structure on The Stability of Bank Profitability in ASEAN-5 Ayu Ratnaningsih; Aminudin Ma’ruf
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9593

Abstract

This paper investigates the factors affecting profitability stability of the ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore and Thailand) commercial banks such as income structure, bank specific characteristics, and macro economy factors. This research uses volatility of return on assets (VolROA) instead of ROA and ROE, which are used in previous studies mainly to measure profitability levels, to proxy for profitability stability, thereby capturing the stability of bank earnings over time. This study utilizes panel data of ASEAN-5 commercial banks for a period of 10 years from 2015 to 2024 and employs a fixed-effects regression model to determine the factors affecting the stability of commercial bank profitability. The results indicate that the drivers of non-interest income diversification, bank size, lending activity, degree of deposit funding, condition of the GDP growth, exchange rate, and real interest rates have a significant impact on reducing the volatility of earnings and enhancing the stability of bank profits. Meanwhile, there is an association of higher equity levels with higher volatility in profitability, suggesting a greater level of risk taking by more highly capitalized banks. Moreover, the addition of macroeconomic variables to the model further adds to the model's explanatory power, indicating that the banking stability is not only dependent on the characteristics of the bank, but also on the economic environment of the bank. This study builds on the literature on banking stability by presenting new empirical findings on the stability of banking profitability for the ASEAN-5 commercial banks, which is less thoroughly examined in emerging banking markets, by using the VolROA methodology as well as by placing bank-specific and macroeconomic determinants into a unified empirical framework. The results also have practical implications for regulators and bank management in considering strategies to enhance banking resilience and ensure stable profitability, given the dynamic economic environment.
Pengaruh Audit Delay, Spesialisasi Auditor, Reputasi Auditor Terhadap Kualitas Audit Laporan Keuangan Perusahaan Infrastruktur Della Fitri Yanti; Reni Dwi Widyastuti; Wilda Sari
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9595

Abstract

Audit quality is crucial because it determines how effectively auditors can find and report violations in financial statements in accordance with existing standards. However, many cases show irregularities in financial statements due to low audit quality, to test and analyze the impact of audit delays, auditor specialization, and auditor reputation on audit quality in infrastructure companies listed on the Indonesia Stock Exchange for the period 2020-2024. This main problem stems from the many delays in the submission of financial statements and manipulation cases involving infrastructure companies that indicate problems with audit quality. The research method used is quantitative with purposive sampling technique. Data were analyzed using multiple linear regression to see the influence of independent variables on audit quality. The results of this study show that audit delay has an effect on audit quality with a significant value of 0.041 < 0.05, while auditor specialization has an effect on audit quality with a significant value of 0.001 < 0.05 and auditor reputation has no effect on audit quality with a significant value of 0.752 > 0.05. This research is expected to make a theoretical contribution to the development of agency theory and provide practical benefits for investors in assessing the credibility of financial statements in the infrastructure sector.
Pengaruh Literasi dan Inklusi Keuangan terhadap Kinerja UMKM Melalui Digital Marketing dan Sustainability Orientation Anggun Puspita Rini; Martinus Budiantara
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9616

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are considered capable of contributing to community economic growth. However, MSME performance remains volatile due to various constraints, including financial management limitations, restricted legality of access to financial services, and minimal utilization of digital marketing channels. Concurrently, market demands for business practices with economic, social, and environmental responsibility are intensifying, compelling MSME actors to adopt a sustainability orientation. This study focused on MSMEs in Kebumen Regency. The research aimed to analyze the effect of financial literacy and financial inclusion on MSME performance, with the mediating role of digital marketing and sustainability orientation. A quantitative approach was employed, using data from 80 MSME owners collected through questionnaires. Analysis was conducted using Partial Least Squares - Structural Equation Modeling (PLS-SEM) with SmartPLS 4.1.1.4. The results supported all hypotheses. Financial Literacy (β = 0.223, T = 2.982, p < 0.01) and Financial Inclusion (β = 0.180, T = 2.351, p < 0.05) had positive and significant effects on MSME Performance. Both variables also significantly influenced Digital Marketing and Sustainability Orientation. Financial Literacy affected Digital Marketing (β = 0.448, p < 0.001) and Sustainability Orientation (β = 0.464, p < 0.001), while Financial Inclusion influenced Digital Marketing (β = 0.489, p < 0.001) and Sustainability Orientation (β = 0.456, p < 0.001). Furthermore, Digital Marketing (β = 0.333, p < 0.001) and Sustainability Orientation (β = 0.394, p < 0.001) were proven to significantly enhance MSME Performance. These findings confirm that Digital Marketing and Sustainability Orientation are crucial operational strategies for improving MSME Performance. Therefore, enhancing Financial Literacy and Financial Inclusion can strengthen MSME Performance both directly and indirectly through Digital Marketing and Sustainability Orientation.
Profitabilitas Memediasi Determinan Nilai Perusahaan Sektor Industri yang Terdaftar di BEI Victor Victor; Nopiani Indah
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9677

Abstract

This study aims to examine the influence of managerial decisions and firm value with profitability as a mediating variable, as well as re-examine the inconsistency of previous research results on the influence of investment decisions, capital structure, and firm size on firm value. This study is relevant considering the urgency of maximizing shareholder value amidst capital market uncertainty. This study is quantitative, data testing using Eviews 13. The study population includes companies listed on the Indonesia Stock Exchange for the period 2020 to 2024. A purposive sampling technique was used to select the sample, resulting in observational data from 44 companies that met the criteria. Data analysis was conducted using the panel data regression method to estimate the research model. This study shows that capital structure has a positive effect on firm value with a t-statistic of 6,301345 and a probability value of 0,0000 <0,05, and profitability has a positive effect on firm value with a t-statistic of 2.720395 and a probability value of 0.0072. In the mediation test, profitability was only able to mediate the relationship between capital structure and firm value with a probability of 0,0070 < 0,05. Meanwhile, profitability was unable to mediate the relationship between investment decisions with a probability of 0,2259 > 0,05, and was unable to mediate the relationship between firm size and firm value with a probability of 0,2460 > 0,05. The results of this study open up opportunities for future researchers to consider other indicators when testing investment decision variables besides physical assets. Management also needs to optimize capital structure to maintain a balance between tax protection benefits and profit generation efficiency. This research contributes to identifying the role of profitability as a validation instrument for corporate funding policy signals in the Indonesian capital market. For future research, further researchers are advised to expand the scope of industrial sectors to improve research results.
Literasi Keuangan Kepala Desa sebagai Kapasitas Strategis dalam Pengelolaan Dana Desa: Perspektif Stewardship Theory Vella Dini Yuniasari; Fachruzzaman Fachruzaman
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 4 (2026): May 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i4.9711

Abstract

This study is motivated by the increasing complexity of Village Fund management, which demands financial literacy capacity from village heads as primary decision-makers. This is critical given that national Village Fund allocations in 2024 exceeded Rp71 trillion, while cases of misuse and administrative weaknesses remain widely reported. Financial literacy among village heads therefore constitutes a strategic capacity in achieving accountable, transparent, and regulation-compliant village governance. This study aims to analyze how village head financial literacy contributes to the quality of Village Fund management. A descriptive qualitative approach with a phenomenological orientation was employed. Data were collected through in-depth interviews with ten informants — eight village heads with diverse educational backgrounds and tenure lengths (2–21 years) and two village facilitators as triangulation sources — supported by document analysis of RPJMDes, RKPDes, APBDes, and SPJ. Data were analyzed using Miles et al.'s interactive model through data reduction, data display, and conclusion drawing. The findings reveal that financial literacy demonstrably affects the quality of Village Fund planning, execution, and accountability. Village heads with stronger regulatory and administrative understanding — typically those with undergraduate education or longer tenure — tend to demonstrate more systematic and compliant management practices. Conversely, some village heads treat financial literacy merely as administrative compliance, with technical involvement limited to endorsing SPJ documents. Variations in financial literacy are shaped by internal factors (education, experience, learning motivation) and external factors (facilitation quality, regulatory dynamics, audit pressure). This study concludes that financial literacy constitutes a strategic capacity — not merely a technical skill — in strengthening good governance and stewardship principles at the village level.

Page 62 of 63 | Total Record : 627

 59   60   61   62   63 

Filter by Year

2019 2026


Reset
Filter By Issues
All Issue Vol 7 No 4 (2026): May 2026 Vol 7 No 3 (2026): February 2026 Vol 7 No 2 (2025): November 2025 Vol 7 No 1 (2025): August 2025 Vol 6 No 4 (2025): May 2025 Vol 6 No 3 (2025): February 2025 Vol 6 No 2 (2024): November 2024 Vol 6 No 1 (2024): August 2024 Vol 5 No 4 (2024): May 2024 Vol 5 No 3 (2024): February 2024 Vol 5 No 2 (2023): November 2023 Vol 5 No 1 (2023): August 2023 Vol 4 No 4 (2023): May 2023 Vol 4 No 3 (2023): February 2023 Vol 4 No 2 (2022): November 2022 Vol 4 No 1 (2022): August 2022 Vol 3 No 4 (2022): May 2022 Vol 3 No 3 (2022): February 2022 Vol 3 No 2 (2021): November 2021 Vol 3 No 1 (2021): August 2021 Vol 2 No 2 (2021): February 2021 Vol 2 No 1 (2020): EKUITAS - Agustus 2020 Vol 1 No 2 (2020): February 2020 Vol 1 No 1 (2019): August 2019 More Issue