cover
Contact Name
Patrisius
Contact Email
triginpublishing@gmail.com
Phone
+6281360000891
Journal Mail Official
triginpublishing@gmail.com
Editorial Address
Jl. Cikutra Baru, Bandung, Provinsi Jawa Barat, 40124
Location
Kota bandung,
Jawa barat
INDONESIA
International Journal of Applied Finance and Business Studies
Published by Trigin Institute
ISSN : 23383631     EISSN : 28099982     DOI : https://doi.org/10.35335/ijafibs
Core Subject : Economy, Science,
International Journal of Applied Finance and Business Studies is published with both online and print versions devoted to provide the publication of research finding in finance and business research studies. Objectives The main goal of ijafibs is to present outstanding, high quality research developments in all areas of finance and business research to a broad audience of academicians and professionals.
Articles 307 Documents
Herding behavior, disposition effect & investment decision: Testing the role of risk perception Khairunnisa Khairunnisa; Heriyadi Heriyadi; Wendy Wendy; Ilzar Daud; Rizani Ramadhan
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.189

Abstract

This study explores how herding behavior, disposition effect, and risk perception affect the investment decisions of college students, with risk perception as a moderating variable. The survey involved selecting 210 respondents using a purposive sampling technique. This research examined the association between independent and dependent variables using AMOS and SPSS to test the hypotheses. The Structural Equation Model (SEM) test results show that risk perception is not a moderating factor in the relationship between herding behavior and investment decisions. How individuals perceive risk can impact how the disposition effect influences investment decisions. The study’s findings indicated that herding behavior, the disposition effect, and risk perception strongly impact investment decisions.
Leverage, profitability, liquidity, and bond ratings: Testing the effects of company size interactions Marseliana Marseliana; Maria Christiana Iman Kalis; Wendy Wendy; Mustarudin Mustarudin; Girang Permata Gusti
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.190

Abstract

Bond ratings are a source of legal insurance for investors in reducing the possibility of default risk and measuring the risk of traded bonds. In this research, we examine the influence of leverage, profitability, liquidity, and company size as moderating variables on the ratings of bonds listed on the IDX. This type of research is casual with the population being manufacturing companies registered on the IDX from 2018 to 2022. Meanwhile, the research sample was determined using a purposive sampling method so that 20 sample companies were obtained. The data analysis techniques used in this research are descriptive statistical analysis, logistic regression analysis, simultaneous tests, and partial tests. Based on data processing using logistic regression, it is proven that leverage and profitability influence bond ratings with positive results. At the same time, liquidity does not significantly influence bond ratings. Leverage and liquidity, after being moderated by company size, do not significantly affect bond ratings, while profitability moderated by company size has a significant effect on bond ratings.
The effect of operating capacity and leverage on financial stability: Testing the interaction of coporate governance Amanda Dwi Damayanti; Erna Listiana; Wendy Wendy; Mustarudin Mustarudin; Uray Ndaru Mustika
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.192

Abstract

Financial stability is a picture of the unstable financial condition of a company that can allocate its financial resources to prevent interference with the financial system. This study examines the influence of leverage variables and operational capacity on corporate financial stability in the property and real estate industries, with corporate governance factors as moderation. The data used is the annual Property and Real Estate Companies report on the Indonesian Stock Exchange for 2018-2022. The study involved 91 companies as a population, and 22 samples were taken over a five-year analysis period. Data analysis using panel data regression with E-Views 12 as software. Financial stability is affected positively and significantly by Operational Capacity, while Corporate Governance and Financial Stability are affected negatively and significantly by Leverage. That can explain the importance of financial stability in a company so that it can continue to survive and thrive. This research aims to give readers and stakeholders insight into Financial Stability in the real estate sector, thus minimizing the risk of financial difficulties in a company. Further research needs to add relevant variables and expand research objects.
The role of dividend policy as an intervening variable in the influence of financial fundamental factors on blue chip stock returns Resta Maulita Angreani; Ahmad Shalahuddin; Helma Malini; Giriati Giriati; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.193

Abstract

The climate of investment plays a crucial role in the economic structure, where investors seek stocks from companies with a large market capitalization as market leaders because it reflects substantial company growth with relatively low risks. This study is essential as an investor analysis of evaluating the financial condition of a company and assessing the company's ability to survive long-term investment, as well as projections on how to understand the potential of dividend policy in distributing profits. This study will use Software Eviews 12 with multiple regression analysis panel data to test the hypothesis and the intervening variable. The sample data consists of 22 LQ45’s index blue chip companies listed on the IDX 2018-2022 period using a Purposive Sampling approach. Based on the research analysis EPS is not significant for dividend policy, PER has a significant impact on dividend policy, PBV does not impact dividend policy, EPS and PER both have a positive impact on stock returns. PBV, on the other hand, has a negative and significant effect on stock returns. Furthermore, PBV has a negative and significant effect on stock returns. Moreover, dividend policy significantly influences stock returns negatively. Additionally, dividend policy cannot mediate the EPS, PER, and PBV variables on stock returns.
The effect of digital literacy, e-commerce business trend, mobile payment, income expectations on intention in digital-based entrepreneurship Mohamad Bastomi; Junaidi; Agus Hermawan; Puji Handayati
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.196

Abstract

This study aims to analyze the effect of digital literacy, e-commerce business trends, mobile payments, and income expectations on intention in digital-based entrepreneurship. The population used in this study were students of the Faculty of Economics and Business, Islamic University of Malang. There were 190 respondents in this study. Data were collected through an online survey of respondents who have an intention in digital entrepreneurship. Partial Least Square (PLS) analysis method was used to test the relationship between independent variables and dependent variables. The results showed that digital literacy and income expectation have a significant positive influence on intention in digital-based entrepreneurship. In contrast, there is no significant effect of e-commerce business trend and mobile payment on entrepreneurial intention. The findings indicate the need to improve digital literacy and understanding of income expectations as an effort to encourage entrepreneurial intention, while strategies related to e- commerce and mobile payment need to be further evaluated. This research provides important insights for stakeholders in understanding the factors that influence intention in digital-based entrepreneurship. The practical implication of this study is the need to improve digital literacy and provide a better understanding of the income potential in entrepreneurship to encourage the creation of new digital-based entrepreneurs.
Analysis of the demographic bonus influence on Gross Regional Domestic Product (GRDP) Aisyah Ameilia; Cut Aliyyah; Riky Aulia Rachman Marpaung; Uci Aulia Sinaga; Nasrullah Hidayat
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.197

Abstract

This study aims to determine the influence of demographic bonus on GRDP in North Sumatra Province. Secondary data sourced from Central Bureau of Statistics (BPS) regarding the Demographic Bonus consisting of HDI, Dependency Ratio, Labor Force Participation Rate, and GRDP were used. The data included a panel of 33 districts/cities in North Sumatra for three years from 2020 to 2022. The analytical approach used in this study was Fixed Effect regression analysis. The findings reveal that HDI has a statistically significant and positive influence on GDP in North Sumatra. In contrast, the Dependency Ratio shows a statistically insignificant and negative impact on GRDP, while TPAK shows a statistically insignificant and positive impact on GRDP in North Sumatra.
The influence of financial literacy of Economics Faculty students at Simalungun University on the use of e-money Mahaitin H Sinaga; Yesni Riana Damanik; Yoan Hendrawan Junpridan Saragih
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.198

Abstract

Participants in this study totaled 54,127 customers who made direct purchases of tofu walik Siantar on Jalan Kartini Pematangsiantar between January 20 and April 29, 2023, regardless of gender. Multiple linear regression is an analytical technique that was initially validated and tested for reliability. The findings of this study indicate that word of mouth influences purchasing decisions in a favorable and substantial way. This implies that the likelihood of making a purchase will increase with an increase in word of mouth. Total income has a favorable and substantial impact on purchasing decisions. This implies that purchasing choices will increase as income levels rise. Product quality has a positive and considerable impact on price.
Application of servant leadership dimension of village head to improve the performance of Village Apparatus in Kerinci Regency Sudirman Sudirman; Maryanto Maryanto; Ayu Esteka Sari
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.199

Abstract

The purpose of this study is to analyze how the application of the servant leadership dimension of the village head improves the performance of the village apparatus in Kerinci Regency. Novelty in this study: to develop and formulate a model of the dimension of servant leadership of village heads to improve the performance of village apparatus. The research was conducted in Kerinci District, Jambi Province. This study used quantitative research methods. To obtain valid data and information, researchers use interviews, observation, surveys, and documentation techniques. Model Testing Techniques using Structural Equation Model (SEM) with AMOS. The population is the entire village apparatus in Kerinci Regency. The sampling technique is an accidental sampling method, with the number of samples representing the population with a total of 103 responses. For the Servant leadership equation of 0,998 which means the factors that affect the variability of Servant leadership can be explained by the variables Altruistic calling, Emotional healing, Wisdom, Persuasive mapping, Organizational stewardship, Humility, Vision, and Service of 99,8%. The coefficient of determination of the Village Apparatus Performance equation is 0,972 or the Village Apparatus Performance variable which can be explained by the variability of Servant leadership of 97,2%.
Quick Response Code Indonesia Standard in increasing the effectiveness of collecting Zakat, Infaq and Shadaqah Funds Afifudin Afifudin; Sulton Sholehuddin; Agus Hermawan; Puji Handayati
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.200

Abstract

This research aims to explain how effective the quick response code Indonesia standard (QRIS) is in the growth of increasing the collection of zakat, infaq and shadaqah funds in Baznas Kaya Malang. To answer the question above, the research design used is descriptive qualitative research involving three groups of informants (administrators, managers and muzakki or the public). Based on the results of the study, it shows that the level of effectiveness of collecting ZIS funds through digital QRIS is generally not effective. This is evidenced by the level of effectiveness in 2020 and in 2021 the level of effectiveness reached 24%, thus getting the predicate not yet effective. This shows that the implementation of digital QRIS in Baznas Malang City cannot be said to be effective in its collection due to the lack of understanding and trust of muzakki in digital QRIS.
Exploration of the effect of product differentiation on the level of visitor loyalty in the Mojokerto Mountain Region Khoiruddin Khoiruddin; Chairul Anam
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.202

Abstract

Because there are so many tourist attractions in Mojokerto, there is even more rivalry amongst them. To remain in business, one must thus be able to retain consumers, which requires the implementation of an effective marketing plan. The objectives of this research are to investigate and evaluate the impact of product differentiation on customer satisfaction, the impact of product differentiation on customer loyalty, the impact of customer satisfaction on customer loyalty, and the indirect impact of product differentiation on customer loyalty through customer satisfaction in the Mojokerto mountain region of East Java. 110 visitors make up the study's sample. The study's method of sampling is incidental sampling. Utilizing questionnaires, data were gathered and verified for accuracy and consistency. SPSS Windows version 24 is utilized to perform linear regression analysis on the data provided in this study. Regression analysis findings indicated that the initial product differentiation significantly improved customer satisfaction. Second, client loyalty directly benefits from product differentiation. Third, there was a notable positive correlation between customer loyalty and satisfaction. Fourth, by a favorable indirect impact on customer satisfaction, product differentiation significantly increased customer loyalty.

Filter by Year

2020 2026


Filter By Issues
All Issue Vol. 13 No. 4 (2026): March: Applied Finance and Business Studies Vol. 13 No. 3 (2025): December: Applied Finance and Business Studies Vol. 13 No. 2 (2025): September: Applied Finance and Business Studies Vol. 13 No. 1 (2025): June: Applied Finance and Business Studies Vol. 12 No. 4 (2025): March: Applied Finance and Business Studies Vol. 12 No. 3 (2024): December: Applied Finance and Business Studies Vol. 12 No. 2 (2024): September: Applied Finance and Business Studies Vol. 12 No. 1 (2024): June: Applied Finance and Business Studies Vol. 11 No. 4 (2024): March: Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies Vol. 11 No. 2 (2023): September : Applied Finance and Business Studies Vol. 11 No. 1 (2023): Applied Finance and Business Studies Vol. 10 No. 4 (2023): Applied Finance and Business Studies Vol. 10 No. 3 (2022): December: Applied Finance and Business Studies Vol. 10 No. 2 (2022): September: Applied Finance and Business Studies Vol. 10 No. 1 (2022): June: Applied Finance and Business Studies Vol. 9 No. 4 (2022): March: Applied Finance and Business Studies Vol. 9 No. 3 (2021): December: Applied Finance and Business Studies Vol. 9 No. 2 (2021): September: Applied Finance and Business Studies Vol. 9 No. 1 (2021): June: Applied Finance and Business Studies Vol. 8 No. 4 (2021): March: Applied Finance and Business Studies Vol. 8 No. 3 (2020): December: Applied Finance and Business Studies Vol. 8 No. 2 (2020): September: Applied Finance and Business Studies Vol. 8 No. 1 (2020): June: Applied Finance and Business Studies More Issue