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Sautma Ronni Basana
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International Journal of Financial and Investment Studies
Published by Universitas Kristen Petra Surabaya
ISSN : -     EISSN : 27453952     DOI : https://doi.org/10.9744/ijfis
Core Subject : Economy,
Economics, Econometrics & Finance
International Journal of Financial and Investment Studies (IJFIS) e-ISSN: 2745-3952 is a peer-reviewed journal that aims at the dissemination and advancement of research in the areas of economics and finance with a specific focus on financials and investments. The aim of the Journal is to provide a platform to researchers, practitioners, academicians, and professionals associated with the field of financials and investments. To encourage and promote research across a wide breadth of areas pertaining to financials and investments. Preference will be given to comparative studies that take global and regional perspectives as well as comprehensive single country studies that address critical policy issues and have significant global and regional implications.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 43 Documents
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FACTORS AFFECTING SOCIALLY RESPONSIBLE INVESTMENT INTENTIONS INVESTORS IN SURABAYA Jesselyn Geraldine; R. Shanti D. Ottemoesoe
International Journal of Financial and Investment Studies (IJFIS) Vol 2 No 2 (2021): OCTOBER 2021
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.2.2.74-82

Abstract

Socially responsible investment (SRI) is an investment that considers financial goals and non-financial goals such as social, ethical, and environmental-related matters. This study aims to examine the factors that influence SRI intentions on 113 investors in Surabaya using the theory of reasoned action (TRA), attitude and subjective norms, and three additional variables, namely moral norms, financial literacy, and returns. The research data was obtained from distributing questionnaires through Google Forms. Data processing is carried out using Partial Least Square's method with the SmartPLS application. The study results found that all study's independent variables had a significant positive effect on SRI intentions.
INFLUENCE OF SELF-ESTEEM AND OBJECTIVE KNOWLEDGE FINANCIAL OF THE FINANCIAL BEHAVIOR IN YOUNG ADULTS WITH SUBJECTIVE FINANCIAL KNOWLEDGE MEDIATION AS VARIABLE Rex Gosal; Dewi Astuti; Evelyn Evelyn
International Journal of Financial and Investment Studies (IJFIS) Vol 2 No 2 (2021): OCTOBER 2021
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.2.2.56-64

Abstract

This study aims to determine the effect of self-esteem and objective financial knowledge on financial behavior. In addition, this study also seeks to assess the impact of subjective financial knowledge as a mediating variable between self-esteem and objective financial knowledge on financial behavior. The population of this research is young adults in Surabaya. The research sample is the population aged 25-34 years and invested in stocks for less than three years. Data analysis method used is partial least square analysis. The results showed that self-esteem had a significant effect on financial behavior, objective financial knowledge had no considerable impact on financial behavior, subjective financial knowledge had a significant effect on financial behavior, self-esteem, and financial. In addition, objective knowledge has a significant effect on subjective financial knowledge, and self-esteem and financial knowledge objective have a significant impact on financial behavior with financial knowledge subjective as a mediating variable.
INTERNAL CONTROL OF DRUG INVENTORY AT THE PHARMACY INSTALLATION OF THE DUMAI CITY GENERAL HOSPITAL Muhammad Amrin Hakim
International Journal of Financial and Investment Studies (IJFIS) Vol 2 No 2 (2021): OCTOBER 2021
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.2.2.65-73

Abstract

This study aims to find out how the implementation of internal inventory control in the medicine (pharmaceutical) section of the Dumai City General Hospital which is located on Jalan Tanjung Jati No 4. Dumai City Regional General Hospital. This study uses descriptive analysis of the results of interviews with specified sources, field observations and documentation. Primary data were obtained from interviews and direct observations. While secondary data from documents related to drug supplies such as invoices, purchase invoices, receipt documents, inventory cards, expenditure documents, organizational structures, and letters of order. The results of this study indicate that the internal control of the supply of medicines is quite good and has not entered the very good category because there are several things that must be improved, namely the separation of duties that are listed in detail and there are still not carrying out according to procedures and the existence of arrears in payments to pharmaceutical companies and communication between related parties must be improved and improvements are still needed such as the addition of security devices and the area where the warehouse must be enlarged.
ANALYSIS OF THE EFFECTIVENESS OF RETRIBUTION FOR CLEANING SERVICES AT THE ENVIRONMENTAL SERVICE OF BENGKALIS REGENCY Dwi Aini; Husni Mubarak
International Journal of Financial and Investment Studies (IJFIS) Vol 2 No 2 (2021): OCTOBER 2021
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.2.2.50-55

Abstract

Garbage/cleaning service levies are for waste/cleaning services provided or managed by the local government for individuals or entities. This study aims to determine the mechanism of retribution collection, the effectiveness of retribution for Regional Original Income (PAD), and the obstacles encountered when collecting retribution. This research was conducted at the Bengkalis Regency Environmental Service. The research object is a report on the realization of waste/cleaning retribution receipts from 2018 to 2020. This type of research uses a qualitative descriptive approach. Based on the study results, in the process of collecting retribution for the garbage/cleaning service, those who have paid the levy are given evidence of a Certificate of Regional Retribution (SKRD) in the form of a ticket from the retribution collector. At the Bengkalis Regency Environmental Service, the SKRD is divided into two types, namely daily and monthly. The sub-districts that have increased yearly are Bengkalis, Bantan, and Siak Kecil sub-districts within 3 to three years. Meanwhile, other sub-districts experienced instability in their retribution receipts. In 2018 the waste/cleaning retribution 2018 got a percentage of 89%, which cannot be said to be very effective because it is still below 100% of the target achievement level. In 2019, waste/cleaning service levy received 116%, with a very effective statement. In 2020, the effectiveness of receiving retribution for waste/cleaning services in all sub-districts was at a very effective point in increasing local revenue, with an average effectiveness value of 145%. Constraints in collecting user fees are that the user does not know about the existence of regulations regarding collecting payments. There are no sanctions for mandatory fees if he does not pay the user fees, the lack of supervision, the number of retribution collectors, and limited facilities and infrastructure.
VARIANCE GAMMA MODEL AND ITS DEVELOPMENT FOR STOCKS CALL OPTION PRICES ESTIMATION Bernadet Hilga Palma Paskalia; Ruth Cornelia Nugraha; Dhestar Bagus Wirawan
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.43-51

Abstract

One of the developments in the options market is the formation of various pricing models for an option to help the buyer determine the fairness of the price. Black-Scholes model uses the assumption that the log return price of stocks is normally distributed, while in reality, the real-world price couldn’t fit into that assumption. To be able to obtain an option price calculation that considers skewness and kurtosis in the stock price data, there are many alternative methods, namely Black-Scholes with Gram-Charlier expansion and Variance Gamma models. As a development of the Variance Gamma model, there are also several methods that are able to reduce the simulations variance generated by the Variance Gamma model, namely Antithetic Variate Variance Gamma model and the Importance Sampling Variance Gamma method. For the results, the Importance Sampling Variance Gamma model and the Antithetic Variate Variance Gamma model are really able to reduce the resulting simulations variance so that it can produce more accurate option prices with market prices compared to the Variance Gamma model. In the end, all Variance Gamma models are able to produce a call option price that is more in line with the market price than all Black Scholes models.
AN ASSESSMENT OF FACTORS AFFECTING THE PROFITABILITY OF FIRMS IN CASE OF CHIRO TOWN TRADERS Ismael Hussein Malela; Abdela Ahmed Abdula
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.9-20

Abstract

Trade is recognized as an important vehicle of economic growth, employment creation, income generation, and poverty reduction. As a result, trade occupies a prominent position in the development agenda of Ethiopia. The main objective of this study is to assess factors affecting firms of profitability in the case of Chiro town traders. From a total population, 93 sample respondents were identified using a simple random sampling technique. The findings from the study conducted revealed that most trader's businesses lack finance. Credit constraints operate in a variety of ways in Chiro town where undeveloped capital forces the trader to rely on self-financing or borrowing from friends or relatives. Lack of access to long-term credit forces traders in the town to rely on high-cost, short-term finance. Poor housing poses a major challenge to the business growth of traders in Chiro town. By encouraging the development of the construction sector oriented towards low-income groups, the government would address the housing problems affecting the business growth of traders. Finally, based on findings the researcher recommends Trader’s support program should have to be based on the identified critical factors. Major problems like lack of education, lack of working capital, and others that traders in the town face need to be addressed by prioritizing them following their severity as well as the availability of resources to run the operation. The loan repayment period for most traders was 1-2 years. The government should therefore establish friendly small loaning systems which would include low-interest rates to ensure continuity of these trader businesses.
THE MODERATOR EFFECT OF FINANCIAL APPS ON THE RELATIONSHIP BETWEEN FINANCIAL EDUCATION AND FINANCIAL CAPABILITY Nanik Linawati; Inlian Wijaya
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.1-8

Abstract

This study aims to determine the effect of Socio-Demographic and Financial Education on Financial Capability with Financial Apps as the moderator variable. The research population is Generation Z aged 19-26 years. The research sample amounted to 100 respondents and data collection was done through the distribution of questionnaires via google form. The data analysis method used is Partial Least Square (PLS). In the industrial era 4.0, which is growing rapidly at this time, financial applications that are designed to help people manage finances have begun to appear. Digital financial management applications make people manage personal finances easily and practically. Financial management applications encourage people to further upgrade their knowledge about financial management to achieve financial goals in the future. The results showed that gender had a significant effect on financial capability and financial apps played a role in moderating the influence of gender on financial capability.
ANALYSIS OF THE EFFECT OF LUNAR CYCLE ON LIQUID 45 (LQ45) STOCKS ON THE INDONESIA STOCK EXCHANGE (IDX) FOR THE PERIOD 2005-2020 Fendi Pramono; Sautma Ronni Basana
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.21-34

Abstract

This study examines the impact of the moon phase in influencing investors' decisions to invest in the stock market. As an investor, market timing is needed to maximize the return on your investment. Fundamental and technical analysis cannot predict when investors can buy or sell shares to maximize profits. The research was conducted on stocks that never left the Liquid 45 from 2005 to 2020.
RELEVANCE OF CORPORATE SOCIAL RESPONSIBILITY WITH TRI HITA KARANA Nengah Sukendri; I Nyoman Nugraha Ardana Putra
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.35-42

Abstract

Tri Hita Karana is a Balinese culture that has been famous to the world. This article hopes to provide a view and open the insight that the concept of Tri Hita Karana, which turned out to have carried the idea of ​​Corporate Social Responsibility, was only heard when entering the millennium era. The method used is a literature study method that uses secondary data in peeling and pulling the common thread of both existing concepts. There is a relevant relationship between the two images, where the idea of ​​Balinese culture, which is a concept that pays attention to the relationship with God Almighty, the relationship with fellow humans, and the surrounding environment, is strongly related to napa described in Corporate Social Responsibility.
ANALYSIS OF ELECTRONIC MONEY USAGE BEHAVIOR ON THE MILENNIAL GENERATION IN INDONESIA Leonardus Prakoso
International Journal of Financial and Investment Studies (IJFIS) Vol 3 No 1 (2022): APRIL 2022
Publisher : Finance and Investment Program, School of Business and Management - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijfis.3.1.52-62

Abstract

The Covid-19 pandemic that began in 2019 forced people to be able to carry out all aspects of life without interacting directly, including in saving and transacting activities. Under these conditions, electronic money is present as the main tool to accommodate people's needs. This study tries to identify the factors that influence the behavior of millennials in Indonesia regarding the use of electronic money. The model used in the study adopted the UTAUT and E-SQ models. The results of the study show that the millennial generation's intention to use electronic money in Indonesia is significantly influenced by application reliability, customer service, and electronic money application design.

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