cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Angga Endre Restianto
Contact Email
jmrk.ub@gmail.com
Phone
+6285645521879
Journal Mail Official
jmrk.ub@gmail.com
Editorial Address
Gedung D, Lantai 1, Ruang Badan Penerbitan Jurnal, Universitas Brawijaya, Malang, Indonesia. Ketawanggede, Kec. Lowokwaru, Kota Malang, Jawa Timur.
Location
Kota malang,
Jawa timur
INDONESIA
Jurnal Management Risiko dan Keuangan
Published by Universitas Brawijaya
ISSN : 29640695     EISSN : 29640695     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Risk Management and Finance.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Strategi dan Menejemen
Articles 132 Documents
 10   11   12   13   14 
The Effects of Financial Technology, Financial Attitude, and Financial Literacy on Financial Management Behaviors Putri, Intan Uriana; Aisjah , Siti
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.06

Abstract

Purpose – This study aims to analyze the effects of financial technology, financial attitudes, and financial literacy on the financial management behavior of undergraduate students at Universitas Brawijaya.    Design/methodology/approach – This quantitative study uses a multiple linear regression approach. Primary data were collected through closed-ended questionnaires measured on a five-point Likert scale. The sample consists of 100 undergraduate students from the 2021 and 2022 cohorts of Universitas Brawijaya, aged 17–25 years, who had used at least two financial technology products.   Findings – The results indicate that financial technology, financial attitudes, and financial literacy each have a positive effect on students’ financial management behavior. These findings suggest that greater financial literacy, positive financial attitudes, and the prudent use of financial technology promote healthier financial management practices.   Originality/value  – This study integrates technological, behavioral, and financial knowledge factors to explain financial management behavior among university students, providing insights for financial education and digital financial service development.
Comparison of Accuracy Levels in Financial Distress Prediction Models using Altman Z-Score, Zmijewski, and Springate Sutardjo, Abdul Wahid; Andarwati
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.08

Abstract

Purpose – This study aims to evaluate the accuracy of three financial distress prediction models—Altman Z-Score, Zmijewski, and Springate—in predicting financial distress among E512 tourism sector companies (hotels, resorts, and cruise ships) listed on the Indonesia Stock Exchange during the 2019–2023 period.   Design/methodology/approach –  This research employs a descriptive quantitative approach using secondary data from E512 tourism companies listed on the Indonesia Stock Exchange. The predictive performance of the Altman Z-Score, Zmijewski, and Springate models was compared based on their accuracy in estimating financial distress.   Findings – The results show that the Zmijewski model achieves the highest prediction accuracy at 93.3%, outperforming the Altman Z-Score model (46%) and the Springate model (8%). These findings indicate that the Zmijewski model is the most reliable tool for identifying potential financial distress in tourism companies, although it should be used as an early warning indicator rather than a definitive bankruptcy prediction.   Originality/value – This study provides a comparative evaluation of three widely used financial distress prediction models in Indonesia's tourism sector, offering practical guidance for investors, creditors, and other stakeholders in assessing corporate financial health.
Governance Mechanisms, Ownership Dynamics, and Capital Structure Determinants Mochamad Rizky Pratama; Ratnawati, Kusuma
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.05

Abstract

Purpose – This study aims to analyze the influence of corporate governance and ownership structure on the capital structure of infrastructure sector companies listed on the Indonesia Stock Exchange (IDX).     Design/methodology/approach – This quantitative study examines 21 infrastructure sector companies over a five-year period. Data were analyzed using SPSS version 29. Corporate governance is proxied by board size, the proportion of independent commissioners, and CEO duality, while ownership structure is represented by managerial ownership and ownership concentration.   Findings – The results show that board size and the proportion of independent commissioners have a significant positive effect on capital structure. CEO duality has a negative but insignificant effect. Managerial ownership has a significant negative effect on capital structure, whereas ownership concentration has a negative but insignificant effect.   Originality/value – This study contributes to the corporate finance and governance literature by demonstrating how corporate governance mechanisms and ownership structure influence capital structure decisions in Indonesia’s infrastructure sector, particularly in the context of post-pandemic financial challenges.
Rethinking Debt Strategies: How Profits, Women’s Representation, and Politics Shape Corporate Leverage Pandito, Muhammad Tora Bhanu; Nurmasari, Nuraini Desty
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.03

Abstract

Purpose – This study aims to investigate the influence of profitability, women’s representation on boards of commissioners and directors, and political connections on the financial leverage of manufacturing companies listed on the Indonesia Stock Exchange (IDX).    Design/methodology/approach – This explanatory quantitative study analyzes panel data from 115 manufacturing companies listed on the IDX during the 2018–2022 period. The data were examined using the Common Effect Model with Stata MP 17.   Findings – The results indicate that profitability has a significant negative effect on financial leverage. In contrast, women’s representation on boards of commissioners and directors and political connections have negative but statistically insignificant effects on financial leverage.   Originality/value – This study contributes to corporate finance and corporate governance literature by examining the combined influence of financial performance, board gender diversity, and political connections on leverage decisions in Indonesia’s manufacturing sector, helping to address inconsistent findings in previous studies.
Material Requirement Planning (MRP) For Optimizing Raw Material Inventory in Cigarette Manufacturing Pratama, Muhammad Fawwaz; Waluyowati, Nur Prima
Jurnal Management Risiko dan Keuangan Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.2.07

Abstract

Purpose – This study aims to implement the Material Requirement Planning (MRP) method to manage raw material inventory in cigarette production by identifying the most efficient lot sizing technique, determining optimal inventory quantities, and developing an effective procurement plan.   Design/methodology/approach – This research uses a quantitative descriptive approach based on demand data, raw material composition, production schedules, and inventory records for Cakra Kretek Emas 16 at PT Cakra Guna Cipta. Data were collected through interviews and document analysis, then processed using forecasting, lot sizing methods, and MRP techniques.   Findings –  The results show differences in total inventory costs across methods, including EOQ (Rp 52,042,771.2), Part Period Balancing (Rp 41,707,679.53), and more efficient results using Wagner-Whitin Algorithm, Lot-for-Lot, and Period Order Quantity (POQ) with the lowest cost of Rp 30,019,632.81. The POQ method is identified as the most efficient due to its interval-based ordering system.   Originality/value – This study provides a comparative analysis of multiple lot sizing techniques within the MRP framework in the cigarette industry, highlighting the effectiveness of POQ in minimizing inventory costs through interval-based ordering strategies.
Financial Literacy and Financial Behavior: Predicting Financial Well-Being Among Study Abroad Students Hadikusumah, Rizkitaami Azqi; Nurmasari, Nuraini Desty
Jurnal Management Risiko dan Keuangan Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.4.03

Abstract

Purpose – This study aims to examine the influence of financial literacy and financial behavior on the financial well-being of students who received scholarships from the Indonesian International Student Mobility Awards (IISMA) in 2023.     Design/methodology/approach –  This quantitative study uses primary data collected through questionnaires distributed to IISMA scholarship recipients. From a population of 150 students, respondents were selected using simple random sampling. The research instruments were tested for validity and reliability, followed by classical assumption testing and data analysis.   Findings – The results indicate that financial literacy has a significant positive influence on financial well-being, suggesting that higher financial knowledge contributes to better financial conditions. Financial behavior also has a significant positive influence on financial well-being, demonstrating that effective financial practices improve students’ financial outcomes.   Originality/value  – This study contributes to financial well-being literature by examining a unique population of Indonesian students participating in international mobility programs. The findings highlight the importance of integrating structured financial education into student mobility programs to strengthen financial resilience and long-term well-being.
Financial Literacy and Technology Advancement: Triggers of Gen Z's Crypto Investment Interest Bintang Nurrama Putra; Ratnawati, Kusuma
Jurnal Management Risiko dan Keuangan Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.2.04

Abstract

Purpose –  This study aims to analyze the influence of financial literacy and technological advances on the interest in investing in cryptocurrency assets among Generation Z in Malang City.    Design/methodology/approach –  This explanatory quantitative research collected data from 153 respondents selected through purposive sampling using questionnaire-based instruments. Data were analyzed using Partial Least Squares – Structural Equation Modeling (PLS-SEM).   Findings – The results show that both financial literacy and technological advances have a positive and significant effect on the interest in investing in cryptocurrency assets among Generation Z.   Originality/value – This study highlights the combined role of financial literacy and technological accessibility in shaping cryptocurrency investment interest, providing insights for financial institutions, regulators, and digital investment platforms.
Lean Manufacturing Assessment to Reduce Waste in Calendar Manufacturing Using Kanban System Athallah, Panji; Pradana, Bayu Ilham
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.07

Abstract

Purpose –  This study aims to evaluate the production process at PT Libies Media Grafika and provide recommendations for improvement through the implementation of lean manufacturing and the Kanban system.   Design/methodology/approach – This applied research employs a quantitative descriptive approach. Data were collected through interviews, document reviews, and direct observations of the company's production process. Lean manufacturing principles and the Kanban system were applied to identify and reduce waste while improving process efficiency.   Findings – The study identifies several sources of waste, including delays in material handling during molding, unnecessary material transportation during quality control, and product defects such as paint flaking and glue separation. The implementation of the Kanban system reduces waste and improves the Value-Added (VA) ratio from 53.47% to 55.19%, resulting in a more organized and efficient production process.   Originality/value – This study demonstrates the practical integration of lean manufacturing and the Kanban system to improve production efficiency in the printing industry, providing empirical evidence of waste reduction and value-added enhancement through workflow optimization.
Defect Reduction in Tempe Production Using SPC and FMEA Methods Hadinugraha, Aditya Shafa; Jazuli, A Muhammad
Jurnal Management Risiko dan Keuangan Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.2.02

Abstract

Purpose – This study aims to analyze quality control in Omah Tempe’s tempe production using Statistical Process Control (SPC) and to evaluate improvement actions through Failure Mode and Effect Analysis (FMEA).   Design/methodology/approach – This research uses a descriptive quantitative approach based on production data from December 27, 2024, to January 26, 2025. Data were collected through observation, interviews, and documentation. SPC tools (check sheet, control chart, Pareto diagram, and cause-and-effect diagram) were applied to identify defect types and causes, while FMEA was used to prioritize corrective actions using the Risk Priority Number (RPN).    Findings – The study identifies thirteen causes of production defects, including limited workforce, unhygienic worker behavior, weak supervision, inconsistent fermentation, and raw material issues. The results indicate that these factors significantly contribute to production defects in tempe manufacturing.   Originality/value – This study integrates SPC and FMEA methods to provide a structured approach for identifying defects and prioritizing improvements in small-scale food production, particularly in traditional tempe industries.
Behavioral Biases in the Crypto Market: Disposition, Herding, and Heuristic Effects on Investment Decisions Putradia, Mikhael Kefas; Ratnawati, Kusuma
Jurnal Management Risiko dan Keuangan Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.4.02

Abstract

Purpose – This study aims to analyze the influence of disposition bias, herding bias, and heuristics on the investment decisions of cryptocurrency investors in Malang City.   Design/methodology/approach – This explanatory quantitative study uses primary data collected through online questionnaires distributed to 177 cryptocurrency investors domiciled in Malang City. The data were analyzed using Partial Least Squares (PLS) with SmartPLS to examine the relationships among behavioral bias variables and investment decisions.   Findings – The results show that disposition bias, herding bias, and heuristics significantly influence investment decisions. These findings indicate that psychological factors and behavioral biases play an important role in shaping investment decisions, particularly in the context of highly volatile cryptocurrency assets.   Originality/value  – This study contributes to behavioral finance literature by examining the role of cognitive and emotional biases in cryptocurrency investment decisions among young investors, providing insights for investors, industry participants, and regulators in developing appropriate financial education strategies.

Page 12 of 14 | Total Record : 132

 10   11   12   13   14 

Filter by Year

2022 2025


Reset
Filter By Issues
All Issue Vol. 4 No. 4 (2025) Vol. 4 No. 3 (2025) Vol. 4 No. 2 (2025) Vol. 4 No. 1 (2025) Vol. 3 No. 4 (2024) Vol. 3 No. 3 (2024) Vol. 3 No. 2 (2024) Vol. 3 No. 1 (2024) Vol. 2 No. 4 (2023) Vol. 2 No. 3 (2023) Vol. 2 No. 2 (2023) Vol. 2 No. 1 (2023) Vol. 1 No. 4 (2022) Vol. 1 No. 3 (2022) Vol. 1 No. 2 (2022) Vol. 1 No. 1 (2022) More Issue