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Golden Ratio of Finance Management
Published by Manunggal Halim Jaya
ISSN : -     EISSN : 27766780     DOI : https://doi.org/10.52970/grfm
Core Subject : Economy,
Economics, Econometrics & Finance
Golden Ratio of Finance Management (GRFM) encourages courageous and bold new ideas, focusing on contribution, theoretical, managerial, and social life implications. Golden Ratio of Finance Management (GRFM) welcomes papers that are based on human resources management for example: Accounting and Financial Reporting, Alternative Investments, Asset Pricing, Bank Solvency and Capital Structure, Banking Efficiency, Banking Regulation, Behavioural Finance, Commodity and Energy Markets, Corporate Finance, Corporate Governance and Ethics, Credit Rating, Derivative Pricing and Hedging, Empirical Finance, Experimental finance, Financial Applications of Decision Theory or Game Theory, Financial Applications of Simulation or Numerical Methods, Financial Economics, Financial Engineering, Financial Forecasting, Financial mathematics, Financial Risk Management and Analysis, Financial services, Financial theory, Islamic Finance, Islamic Banking, Personal finance, Portfolio Optimization and Trading, Public finance, Regulation of Financial Markets and Institutions., Stochastic Models for Asset and Instrument Prices, Systemic Risk
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 10 Documents
 1 
Search results for , issue "Vol. 4 No. 1 (2024): October - March" : 10 Documents clear
Understanding Financial Inclusion Through Fintech: A Qualitative Inquiry into the Role of Technology in Shaping Financial Landscapes Nanda, Sahabuddin; Yunus, Yana Ameliana
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.428

Abstract

Financial inclusion, propelled by the advent of financial technology (fintech), has become a focal point of research and policy discourse globally. This study aims to comprehensively examine the role of technology in shaping financial landscapes and fostering inclusive financial ecosystems. Employing a quantitative descriptive research approach, this study assesses fintech adoption across diverse demographic groups, identifies determinants influencing individuals' utilization of fintech-based financial services, examines the impact of fintech interventions on enhancing financial inclusion metrics, and explores the socio-economic implications of fintech-driven financial inclusion initiatives. Drawing upon a robust literature review, this research elucidates the transformative potential of fintech in expanding financial access and improving financial resilience among underserved populations. The findings underscore the importance of regulatory clarity, cybersecurity measures, and technological literacy in harnessing the full potential of fintech for inclusive economic development.
Exploring Sustainable Finance: A Qualitative Inquiry into Responsible Investment and ESG Risk Evaluation Yunus, Yana Ameliana; Nanda, Sahabuddin
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.429

Abstract

This research explores the landscape of sustainable finance, responsible investment, and ESG (Environmental, Social, and Governance) risk evaluation, aiming to understand their complexities and implications for financial markets and sustainability outcomes. Employing a qualitative research approach, the study conducts a comprehensive review and synthesis of existing literature, drawing insights from academic databases, journals, reports, and other relevant sources. The research design involves purposive sampling of literature based on relevance, rigor, credibility, and significance criteria. Data collection comprises systematic review and analysis of scholarly literature, while thematic analysis is employed for data interpretation. The findings underscore the growing recognition of ESG factors' importance in investment decision-making processes, driven by their materiality to financial performance and sustainability outcomes. Institutional investors play a pivotal role in mainstream adoption of responsible investment practices, driven by the acknowledgment of ESG factors' impact on investment risk and return profiles. However, methodological challenges related to ESG data quality, measurement, and comparability persist, hindering effective ESG integration and risk assessment. Regulatory initiatives like the United Nations Principles for Responsible Investment (PRI) and the Task Force on Climate-related Financial Disclosures (TCFD) have contributed to mainstreaming ESG considerations but face challenges of regulatory fragmentation and inconsistencies. Addressing these challenges requires collaborative efforts from stakeholders to develop standardized ESG reporting frameworks, enhance stakeholder engagement, and promote regulatory coherence. This study contributes to understanding sustainable finance dynamics and calls for interdisciplinary collaboration to bridge financial theory, sustainability science, and regulatory policy.
Understanding Human Behavior in Finance: A Qualitative Study on Cognitive Biases and Decision-making in Investment Practices Noch, Muhammad Yamin; Rumasukun, Mohammad Ridwan
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.462

Abstract

This qualitative research delves into cognitive biases and decision-making in investment practices to comprehend the intricate dynamics shaping human behavior in financial markets. The study aims to explore the influence of cognitive biases, emotional factors, and socio-cultural influences on investment decisions. Adopting thematic analysis, relevant literature on cognitive biases and decision-making in investment practices is systematically reviewed. The data analysis process involves iterative coding to identify recurring themes and patterns. Findings reveal the pervasive impact of cognitive biases such as overconfidence and confirmation bias on investment behavior, leading to suboptimal decision-making outcomes. Emotional factors like fear of missing out (FOMO) drive speculative behavior among investors, contributing to market inefficiencies. Moreover, socio-cultural factors influence risk perception and decision-making norms, shaping investment strategies across different cultural contexts. The study underscores the importance of recognizing and addressing cognitive biases in investment practices to improve decision outcomes and enhance long-term financial well-being. Behavioral interventions and technological advancements offer promising avenues for mitigating cognitive biases and enhancing decision-making efficiency. The implications for future research include deeper exploration of underlying mechanisms driving biases and cross-cultural comparisons to inform culturally sensitive interventions. This study contributes to advancing knowledge in behavioral finance and informs evidence-based practices in investment management.
Exploring Corporate Finance Dynamics: A Qualitative Study on Capital Structure, Firm Value, and Dividend Policies Rumasukun, Mohammad Ridwan; Nochh, Muhammad Yamin
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.463

Abstract

This qualitative study delves into the intricate dynamics of capital structure, firm value, and dividend policies within the realm of corporate finance. The research aims to explore the factors influencing financial decision-making processes and their implications for firm performance and shareholder wealth maximization. Adopting a systematic literature review approach, the study synthesizes existing theoretical frameworks, empirical evidence, and alternative perspectives to provide a comprehensive analysis of the chosen topic. The research methodology involves data collection through academic databases and scholarly sources, followed by thematic analysis to identify recurring themes and patterns in the literature. The findings highlight the multifaceted nature of financial decision-making, challenging traditional theories such as the irrelevance theory and emphasizing the significance of alternative perspectives such as the pecking order theory, signaling hypothesis, and clientele effect. Moreover, empirical evidence suggests nonlinear relationships between capital structure, firm value, and dividend policies, indicating the influence of contextual factors such as industry dynamics, regulatory environments, and market conditions. The implications drawn from this study extend to both academia and practical applications, emphasizing the need for a nuanced understanding of corporate finance dynamics to inform theory, practice, and policy in the field. By embracing interdisciplinary perspectives, methodological pluralism, and a forward-looking orientation, researchers and practitioners can contribute to the continued evolution of corporate finance theory and practice, ultimately driving innovation, efficiency, and sustainability in the corporate sector.
Understanding Financial Decision-making in Corporations: A Qualitative Inquiry into Leverage, Market Efficiency, and Financial Policy Implications Puspitasari, Ayu; Muslim, M.
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.465

Abstract

This qualitative inquiry delves into the intricate landscape of financial decision-making within corporations, aiming to shed light on leverage decisions, market efficiency dynamics, and financial policy implications. Employing thematic analysis, this study systematically reviews existing literature from academic databases, including PubMed, Scopus, Web of Science, and Google Scholar. The research synthesizes insights from peer-reviewed articles, books, and reports published within the past decade, employing rigorous inclusion and exclusion criteria to ensure relevance and credibility. The findings underscore the multifaceted nature of leverage decisions, revealing a complex interplay of factors such as tax policies, industry norms, and growth opportunities. Moreover, the significance of market efficiency in financial decision-making is confirmed, despite challenges to the assumptions of the efficient market hypothesis posed by anomalies in stock returns and behavioral biases among investors. Additionally, financial policy implications emerge as pivotal in guiding corporate operations, encompassing dividend policy, capital structure decisions, and environmental, social, and governance (ESG) considerations. The study advocates for a holistic understanding of financial decision-making processes, integrating insights from finance, economics, and sustainability. From a managerial perspective, the findings offer actionable insights for practitioners, emphasizing the importance of contextual factors, behavioral insights, and effective governance mechanisms in navigating the complexities of corporate finance. This research contributes to advancing knowledge in the field of corporate finance and provides guidance for practitioners, policymakers, and researchers in enhancing financial decision-making practices.
Understanding Financial Inclusion Through Fintech: A Qualitative Inquiry into the Role of Technology in Shaping Financial Landscapes Nanda, Sahabuddin; Yunus, Yana Ameliana
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.428

Abstract

Financial inclusion, propelled by the advent of financial technology (fintech), has become a focal point of research and policy discourse globally. This study aims to comprehensively examine the role of technology in shaping financial landscapes and fostering inclusive financial ecosystems. Employing a quantitative descriptive research approach, this study assesses fintech adoption across diverse demographic groups, identifies determinants influencing individuals' utilization of fintech-based financial services, examines the impact of fintech interventions on enhancing financial inclusion metrics, and explores the socio-economic implications of fintech-driven financial inclusion initiatives. Drawing upon a robust literature review, this research elucidates the transformative potential of fintech in expanding financial access and improving financial resilience among underserved populations. The findings underscore the importance of regulatory clarity, cybersecurity measures, and technological literacy in harnessing the full potential of fintech for inclusive economic development.
Exploring Sustainable Finance: A Qualitative Inquiry into Responsible Investment and ESG Risk Evaluation Yunus, Yana Ameliana; Nanda, Sahabuddin
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.429

Abstract

This research explores the landscape of sustainable finance, responsible investment, and ESG (Environmental, Social, and Governance) risk evaluation, aiming to understand their complexities and implications for financial markets and sustainability outcomes. Employing a qualitative research approach, the study conducts a comprehensive review and synthesis of existing literature, drawing insights from academic databases, journals, reports, and other relevant sources. The research design involves purposive sampling of literature based on relevance, rigor, credibility, and significance criteria. Data collection comprises systematic review and analysis of scholarly literature, while thematic analysis is employed for data interpretation. The findings underscore the growing recognition of ESG factors' importance in investment decision-making processes, driven by their materiality to financial performance and sustainability outcomes. Institutional investors play a pivotal role in mainstream adoption of responsible investment practices, driven by the acknowledgment of ESG factors' impact on investment risk and return profiles. However, methodological challenges related to ESG data quality, measurement, and comparability persist, hindering effective ESG integration and risk assessment. Regulatory initiatives like the United Nations Principles for Responsible Investment (PRI) and the Task Force on Climate-related Financial Disclosures (TCFD) have contributed to mainstreaming ESG considerations but face challenges of regulatory fragmentation and inconsistencies. Addressing these challenges requires collaborative efforts from stakeholders to develop standardized ESG reporting frameworks, enhance stakeholder engagement, and promote regulatory coherence. This study contributes to understanding sustainable finance dynamics and calls for interdisciplinary collaboration to bridge financial theory, sustainability science, and regulatory policy.
Understanding Human Behavior in Finance: A Qualitative Study on Cognitive Biases and Decision-making in Investment Practices Noch, Muhammad Yamin; Rumasukun, Mohammad Ridwan
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.462

Abstract

This qualitative research delves into cognitive biases and decision-making in investment practices to comprehend the intricate dynamics shaping human behavior in financial markets. The study aims to explore the influence of cognitive biases, emotional factors, and socio-cultural influences on investment decisions. Adopting thematic analysis, relevant literature on cognitive biases and decision-making in investment practices is systematically reviewed. The data analysis process involves iterative coding to identify recurring themes and patterns. Findings reveal the pervasive impact of cognitive biases such as overconfidence and confirmation bias on investment behavior, leading to suboptimal decision-making outcomes. Emotional factors like fear of missing out (FOMO) drive speculative behavior among investors, contributing to market inefficiencies. Moreover, socio-cultural factors influence risk perception and decision-making norms, shaping investment strategies across different cultural contexts. The study underscores the importance of recognizing and addressing cognitive biases in investment practices to improve decision outcomes and enhance long-term financial well-being. Behavioral interventions and technological advancements offer promising avenues for mitigating cognitive biases and enhancing decision-making efficiency. The implications for future research include deeper exploration of underlying mechanisms driving biases and cross-cultural comparisons to inform culturally sensitive interventions. This study contributes to advancing knowledge in behavioral finance and informs evidence-based practices in investment management.
Exploring Corporate Finance Dynamics: A Qualitative Study on Capital Structure, Firm Value, and Dividend Policies Rumasukun, Mohammad Ridwan; Nochh, Muhammad Yamin
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.463

Abstract

This qualitative study delves into the intricate dynamics of capital structure, firm value, and dividend policies within the realm of corporate finance. The research aims to explore the factors influencing financial decision-making processes and their implications for firm performance and shareholder wealth maximization. Adopting a systematic literature review approach, the study synthesizes existing theoretical frameworks, empirical evidence, and alternative perspectives to provide a comprehensive analysis of the chosen topic. The research methodology involves data collection through academic databases and scholarly sources, followed by thematic analysis to identify recurring themes and patterns in the literature. The findings highlight the multifaceted nature of financial decision-making, challenging traditional theories such as the irrelevance theory and emphasizing the significance of alternative perspectives such as the pecking order theory, signaling hypothesis, and clientele effect. Moreover, empirical evidence suggests nonlinear relationships between capital structure, firm value, and dividend policies, indicating the influence of contextual factors such as industry dynamics, regulatory environments, and market conditions. The implications drawn from this study extend to both academia and practical applications, emphasizing the need for a nuanced understanding of corporate finance dynamics to inform theory, practice, and policy in the field. By embracing interdisciplinary perspectives, methodological pluralism, and a forward-looking orientation, researchers and practitioners can contribute to the continued evolution of corporate finance theory and practice, ultimately driving innovation, efficiency, and sustainability in the corporate sector.
Understanding Financial Decision-making in Corporations: A Qualitative Inquiry into Leverage, Market Efficiency, and Financial Policy Implications Puspitasari, Ayu; Muslim, M.
Golden Ratio of Finance Management Vol. 4 No. 1 (2024): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v4i1.465

Abstract

This qualitative inquiry delves into the intricate landscape of financial decision-making within corporations, aiming to shed light on leverage decisions, market efficiency dynamics, and financial policy implications. Employing thematic analysis, this study systematically reviews existing literature from academic databases, including PubMed, Scopus, Web of Science, and Google Scholar. The research synthesizes insights from peer-reviewed articles, books, and reports published within the past decade, employing rigorous inclusion and exclusion criteria to ensure relevance and credibility. The findings underscore the multifaceted nature of leverage decisions, revealing a complex interplay of factors such as tax policies, industry norms, and growth opportunities. Moreover, the significance of market efficiency in financial decision-making is confirmed, despite challenges to the assumptions of the efficient market hypothesis posed by anomalies in stock returns and behavioral biases among investors. Additionally, financial policy implications emerge as pivotal in guiding corporate operations, encompassing dividend policy, capital structure decisions, and environmental, social, and governance (ESG) considerations. The study advocates for a holistic understanding of financial decision-making processes, integrating insights from finance, economics, and sustainability. From a managerial perspective, the findings offer actionable insights for practitioners, emphasizing the importance of contextual factors, behavioral insights, and effective governance mechanisms in navigating the complexities of corporate finance. This research contributes to advancing knowledge in the field of corporate finance and provides guidance for practitioners, policymakers, and researchers in enhancing financial decision-making practices.

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