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INDONESIA
FINANCE : International Journal Of Management Finance
ISSN : 30266734     EISSN : 30266742     DOI : https://doi.org/10.62017/finance
Core Subject : Economy,
FINANCE : International Journal Of Management Finance: We are rummaging around the web for progressive and clairvoyant minds for this exponential journal to focus upon various components of management, accounting, trade, marketing, finance, economy, and behavioral study. This search can reach a culmination only with authors’ as well as readers’ cooperation at large. This is precisely meant to be an exploratory analysis over the given topics to stimulate the budding genius into aspiring eminent management personalities and present an international platform for interactive pleasure and argumentative progression.. This journal is published 4 (four) times a year, namely in March, June, September, and December.
Articles 82 Documents
Analysis of the Use of CAPM in Investing Decisions in the Financial Sector Listed on the IDX for the Period 2020 – 2022 Marcella Trianita Abur; Salija Ridayati; Rr Jihan Faadhilah Yuwandono; Maria Yovita R. Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.10

Abstract

This study aims to analyze the use of the Capital Asset Pricing Model (CAPM) in making investment decisions in the financial sector listed on the Indonesia Stock Exchange (IDX) during the 2020-2022 period. This research method involves collecting historical stock price data and financial data of companies listed in the IDX financial sector during the period under study. This research uses a descriptive research design with a quantitative approach and uses secondary data. Furthermore, statistical analysis will be conducted to test the effect of using CAPM on investment decisions. The results of this study are expected to provide valuable insights for investors and financial market participants. This research can also help in identifying companies in the financial sector that have higher return potential based on CAPM-based analysis.
Analysis Of The Effect Of Stock Returns Using The Capital Asset Pricing Model (Capm) Method On Risk In Food And Beverage Companies Listed On The Idx For The 2020-2022 Period Noviana Ramadhani; Vika Triya Wahyuni; Naula Chantika Putri F; Maria Yovita R.Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.11

Abstract

This study aims to determine whether the stock return obtained from the CAPM calculation can significantly affect the risk of food and beverage companies listed on the Indonesia Stock Exchange for the period 2020–2022. The variables used in this study are risk as an independent variable or independent variable calculated using the Beta (β) formula, and stock returns as a dependent variable or dependent variable calculated using the CAPM formula. This study uses a descriptive statistical analysis test, a classical assumption test, and a partial t hypothesis test. The results of this study indicate that the stock return variable significantly affects the risk variable because the sig value is 0.004 ˂ 0.05, which means Ho is rejected and Ha is accepted, which means that the effect of the independent variable on the dependent variable is unidirectional. This shows that the higher the level of return expected by investors, the higher the level of risk that investors will take. This is in accordance with the portfolio theory in the CAPM method, which suggests that there is a positive and linear relationship between beta, risk, and the expected rate of return.
THE ROLE OF THE YOUNGER GENERATION IN DEVELOPMENT CREATIVE ECONOMY IN BEKASI CITY Indah Pangesti; Arief Nugroho Wibowo; Edward Alfin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.12

Abstract

The development of the creative economy has become the main focus for various cities seeking to achieve sustainable economic growth. The city of Bekasi, as one of the growth centers in Indonesia, is experiencing significant dynamics in the creative economy sector. This research aims to investigate the important role of the younger generation in encouraging the development of the creative economy in Bekasi City. The research results show that the young generation of Bekasi City has made a very significant contribution in a number of creative economic sectors, especially in the formation and development of start-up businesses. They create innovation and creativity that colors products and services, creating a unique identity that differentiates Bekasi City as a center for the creative economy. However, several significant challenges were identified, such as limited access to capital and funding, as well as shortages of certain knowledge and skills. This highlights the need for government and private sector support to create an environment that supports the growth of creative businesses and meets the needs of the younger generation. A number of strategic opportunities were also identified, including opportunities for cross-sector collaboration and the development of creative business networks. Government and private support can be optimized through policy incentives and regulatory facilitation that supports the growth of the creative economy sector. In conclusion, the younger generation plays an integral role in the development of the creative economy in Bekasi City. An action plan that focuses on solving challenges and exploiting opportunities can help create an environment that supports sustainable growth, have a positive impact on the local economy, and make Bekasi City a highly competitive center of innovation and creativity.
THE INFLUENCE OF PERSONAL SELLING ACTIVITIES DECISION TO PURCHASE PUCUK HARUM TEA BEVERAGE PRODUCTS Amelia Nugraeni
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.13

Abstract

This research aims to analyze the influence of personal selling activities on consumer purchasing decisions for Teh Pucuk Harum beverage products. The research was carried out using a qualitative approach by collecting data through interviews with consumers and analysis of documents related to sales activities. The research results show that personal selling activities have a significant positive impact on consumer purchasing decisions. Direct interactions between sellers and consumers help increase product awareness, build trust, and influence consumers' decision-making processes. Sellers who have in-depth knowledge about the product and are able to answer consumer questions satisfactorily can increase consumer confidence in Pucuk Harum Tea. Apart from that, personal selling activities also have an important role in overcoming consumer doubts or concerns, thereby smoothing the purchasing process. Consumers who experience positive interactions with sellers tend to be more loyal and have a tendency to buy Teh Pucuk Harum again in the future. However, this research also identified several challenges faced in implementing personal selling activities, including consistency in message delivery and increasing seller competency. The results of this research provide valuable insight for companies in optimizing personal selling strategies to increase sales and build long-term relationships with consumers.
STOCK DIVERSIFICATION (PORTFOLIO) STRATEGY TO INCREASE INVESTMENT RETURNS AND REDUCE RISK Deby Shintawulan Fransiska; Novita Rahmawati; Feby Galih Saputra; Maria Yovita R Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.14

Abstract

The purpose of this article is to explain diversification and portfolio risk and the impact of diversification on portfolio risk and determine the number of stocks that make up the optimal portfolio. The sampling technique is purposive sampling and the sample is taken from 5 stocks of the IDX Energy Sector industry. The analysis tool uses a correlation matrix, expected return and risk for individual stocks and portfolios (5 stocks) and the Unknown Population Standard Deviation (σ) Hypothesis Test. The results of this study are: 1)                The correlaion matrix table shows that stocks have a positive correlation, meaning that the stock price movement is in the same direction, that is, when the price of one stock rises, the price of the other stock will rise. Of the five correlations that occur, the correlation between AKRA and ADRO stocks has the largest positive correlation coefficient. And the correlation between MEDC and ADRO stocks has the smallest correlation coefficient. 2)                In general, the expected return and risk performance of the portfolio is better than the performance of individual stocks. So by applying stock diversification, the return performance can be optimized, and risk can also be minimized. 3)                From the results of the Hypothesis Test Population Standard Deviation (σ) is Unknown. The t statistic value of - 5.334 is in the area > - 0, 1771. Then the decision is that the null hypothesis (Ho) is rejected. This means H1 is accepted, i.e. the risk of stock diversification is smaller than the risk of individual stocks.
Strategy of the Indonesian Waqf Education Foundation (YEWI) in Increasing the Cash Waqf Literacy Index in Indonesia Zainal Mukhid
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.15

Abstract

This research is motivated by the author's interest in looking at non-governmental institutions that have made a major contribution in socializing waqf literacy, educating waqf other than the Indonesian Waqf Board (BWI). The institution in question is the Indonesian Waqf Education Foundation (YEWI), which was founded in 2014 in Yogjakarta. As an institution that also meets with the Indonesian Waqf Board, the Indonesian Waqf Education Foundation (YEWI) has programs that prevent the same thing, but focus more on increasing literacy and involvement in the waqf community. This research uses descriptive qualitative methods. Researchers interviewed 3 YEWI administrators and several alumni who participated in training held by YEWI. Data shows that 1) Indonesia has the largest Muslim population in the world, but the realization of waqf is still small. 2) Waqf has not functioned optimally as a solution to solving the problem of economic empowerment as expected by Islamic sharia, so that the effect of improving the economy has not been felt by the community. 3) The level of public literacy regarding waqf issues is still low, so that public enthusiasm or awareness of waqf is still low. The researcher concluded that the waqf education strategy carried out by YEWI in order to increase the waqf literacy index in Indonesia was by forming several work units, namely: a) Duta Waqf Institute, b) Waqf Consulting and Planning Bureau, c) Duta Wakaf Networks, and d) Social Indonesia Preneur Association (INSANI). Second, YEWI has prepared work programs, namely: a) Waqf Ambassador Professional Program, b) Waqf Literacy Program, c) Waqf Participation Program.
The Effect of Net Income and Dividends on Stock Prices at PT Telkom Indonesia Tbk in 2018-2022 Rulis Setyowati; Vivi Ade Rivani; Yunita Budi A M; Maria Yovita R.Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.17

Abstract

This research aims to analyze the effect of net profit and dividends on share prices at PT Telkom Indonesia Tbk during the period 2018 to 2022. The data used is company financial data which includes net profit, dividends and share prices. The research method applied is quantitative, Quantitative methods are a type of research that is more organized and methodical in terms of the use of numbers, as well as more clear and precise in the way it collects data and presents its findings. The research results show that net profit has a positive and insignificant influence on the share price of PT Telkom Indonesia Tbk. This shows that the higher the company's net profit, the higher the share price, but there are insignificant influencing factors such as economic conditions, industry competitors and so on. Dividends also have a positive and insignificant influence on the company's share price. This means that the higher the dividend distributed, the higher the share price of PT Telkom Indonesia Tbk. Apart from that, net profit and dividends have a positive and insignificant influence on share prices. This research provides a better understanding of the factors that influence company share prices and can be a reference for investors and shareholders in making investment decisions.
Optimal Portfolio Selection Using the Single Index Method on LQ45 Shares in the Banking Sector Widya Novita Sari; Dita Fitriani; Indri Widya Wulandari; Maria Yovita R Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.18

Abstract

The purpose of this study is to determine the proportion of each stock that makes up the optimal portfolio so that it is easier for investors to determine which company has the optimal portfolio. The population that is the focus of this study refers to stocks belonging to the LQ45 index in the banking sector during the 2021-2023 period, namely 7 stocks. The sampling method is carried out by applying a purpose sampling technique, which results in 5 stocks that qualify according to the criteria of this study. The data used is secondary data derived from monthly stock prices. From the research results, all stocks showed positive returns, with BBRI having the highest return. In addition, the analysis results show that using the single index model approach, the stocks of the LQ45 Index members in the banking sector in the period August 2021 to July 2023 show that 4 out of 5 stocks (BBRI, BMRI, BBCA, and BBNI) form an optimal portfolio. Meanwhile, BBTN shares cannot be said to be an optimal portfolio because ERBi is smaller than Ci.
The Influence of Celebrity Endorsers on Social Media Instagram on Interest in Buying Scarlett Products(Study on Community in Makassar District, East Jakarta) Oktaviani, Dwi Nur; Narsih, Dwi
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.26

Abstract

The purpose of this research is to find out whether there is an influence of Celebrity Endorser on Instagram social media on the Buying Interest of Scarlett Whitening products in the community in the Kec. Makassar, East Jakarta. The population taken in this study is the people who live in the area of RT 006 RW 013 totaling 282 people. The number of samples as many as 70 people were taken using a non-probability sampling technique with a purposive sampling technique. Methods of collecting data using a questionnaire (questionnaire) and literature study. The calculation results obtained from the equation of Simple Linear Regression Analysis Y=6.710+0.717 X with a constant value of a of 6.710 and a value of b of 0.717 meaning that there is an influence between Celebrity Endorser on Purchase Interest. The results of the calculation of the correlation coefficient of 0.439 indicate that there is a moderate relationship between Celebrity Endorser and Purchase Interest. The coefficient of determination is 19.27%, this means that Celebrity Endorser contributes 19.27% to Purchase Interest, while the remaining 80.73% is the contribution of other factors not examined by the author. The results obtained from hypothesis testing with = 5% with the results > (4,301 > 1,995) then 0 is rejected and 1 is accepted, it can be concluded that there is an influence between variable X (Celebrity Endorser) on variable Y (Buying Interest) in the District Area Makassar, East Jakarta.
Analysis of the Single Index Model and Markowitz in Optimal Portfolio Selection in the Telecommunications Sub-Sector Listed on the Indonesia Stock Exchange for the Period 2020-2022 Devira Larasati; Ari Rohmana; Reza Mutiara; Maria Yovita R. Pandin
Finance : International Journal of Management Finance Vol. 1 No. 2 (2023): December
Publisher : Publikasi Inspirasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62017/finance.v1i2.27

Abstract

This study, which uses qualitative methodology, compares and finds the best results from two approaches, namely the Markowitz model and the single index model to build an optimal portfolio. The population of this study consists of all stocks included in the telecommunications subsector listed on the Indonesia Stock Exchange for the period 2020-2022. Purposive sampling is used in this study to select samples. There are 5 candidate company stocks that meet the requirements in the sample criteria. From the results of the research conducted, it proves that with the single index model method, 3 stocks are included in the optimal portfolio, namely PT Tower Bersama Infrastructure Tbk (TBIG) with a proportion of 50%, PT Visi Telekomunikasi Infrastruktur Tbk (GOLD) with a proportion of 15%, and PT Indosat Ooredoo Hutchison Tbk (ISAT) with a proportion of 35%. From the research results of these 3 stocks to form an optimal portfolio, the expected return is 2% and the risk borne is 18%. While for the Markowitz model, 3 stocks were obtained as optimal portfolio candidates, namely PT Telekomunikasi Indonesia Tbk (TLKM) with a proportion of 68%, PT Visi Telekomunikasi Infrastruktur Tbk (GOLD) with a proportion of 15%, and PT Tower Bersama Infrastructure Tbk (TBIG) with a proportion of 17%. From the research results of these 3 stocks to form the optimal portfolio, the expected return is 1% and the risk borne is 6%.