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Contact Name
Wahyu Febri Ramadhan Sudirman
Contact Email
wahyu.febri.id@gmail.com
Phone
+6281288169694
Journal Mail Official
global.sustainability.id@gmail.com
Editorial Address
Alamat: JL. Manunggal, Panam, Kabupaten Kampar, Riau.
Location
Kab. kampar,
Riau
INDONESIA
Journal of Financial and Business
ISSN : 30638836     EISSN : 30638828     DOI : https://doi.org/10.69693/jfb
Core Subject : Economy, Science,
Journal of Financial and Business: is published by the Global Sustainability Research Institute to help academics, researchers, and practitioners disseminate their research results. JFB is a blind peer-reviewed journal dedicated to publishing quality research results in the fields of business and engineering. All publications in the General Journal are open access, allowing articles to be available online for free without any subscription. JFB is a national journal with free of charge in the submission process and review process. Journal of Financial and Business publishes articles periodically twice times a year, in January and July. JFB uses Turnitin plagiarism checks, and Mendeley for reference management and is supported by Crossref (DOI) for the identification of scientific papers. Journal of Financial and Business accepts scientific articles with the scope of research on: Economics, Management, Financial Management, Investment Management, Behavioral Finance, Business, Accounting, Behavioral Accounting, Management Accounting, Taxation, Banking, Digital Business, Social Science. Within the scope of this journal, the focus is not limited to one particular scientific domain but rather covers a wide spectrum of knowledge. From the complex interactions between the natural sciences and the social sciences to the interconnections between technology, the humanities, and the arts, this journal explores the collaboration and integration of ideas from various fields.
Articles 5 Documents
Search results for , issue "vol 3 no 1 (2026)" : 5 Documents clear
The Influence of Electronic Word of Mouth (E-WOM) and Consumer Trust on Purchase Decisions in the Shopee Marketplace Among Generation Z Efti Novita Sari; Aryadi Aryadi; Nana Sari; Habibah Tun Nisyah; Agung Gunawan
Journal of Financial and Business Vol 3 No 1 (2026)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63453/jfb.v3i1.82

Abstract

the rapid growth of e-commerce has changed consumer purchasing behavior, particularly among generation z, who rely heavily on digital information before making purchasing decisions. electronic word of mouth (e-wom) and consumer trust have become two important factors influencing online purchasing behavior in marketplace platforms. this study aims to examine the influence of electronic word of mouth (e-wom) and consumer trust on purchase decisions in the shopee marketplace among generation z. this research employed a quantitative approach with an explanatory research design. data were collected through an online survey using a structured questionnaire distributed to generation z consumers who had previously made purchases through shopee. the sampling technique used was purposive sampling, and the data were analyzed using multiple linear regression analysis. the findings reveal that electronic word of mouth (e-wom) has a positive and significant effect on purchase decisions. likewise, consumer trust positively and significantly influences purchase decisions and emerges as the more dominant factor in shaping consumers' purchasing behavior. these findings indicate that although generation z actively uses online reviews, ratings, and recommendations as sources of information, their purchasing decisions are largely determined by their level of trust in the marketplace and sellers. this study contributes to the literature on digital consumer behavior and provides practical implications for e-commerce platforms and online sellers in developing strategies to improve consumer trust and effectively manage electronic word of mouth in order to encourage purchasing decisions.
Concepts, Classification, and Product Development Strategies in Modern Marketing: A Literature Review Binda Rahma Cahyani; Mifta Hasda; Muhammad Syaipudin
Journal of Financial and Business Vol 3 No 1 (2026)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63453/jfb.v3i1.83

Abstract

This article discusses the concept and classification of products as an important part of marketing activities and business development. A product is anything that can be offered to the market to satisfy consumer needs and wants, whether in the form of goods or services. In the business world, understanding product concepts is essential for companies to create value and customer satisfaction. The discussion in this article includes the definition of products, product levels, and various product classifications based on durability, usage, and consumer characteristics. In addition, this article explains the importance of product development strategies in facing increasingly competitive market conditions. The method used in writing this article is a literature study by collecting various sources from books, journals, and scientific references related to marketing management. The results show that product classification helps companies determine appropriate marketing strategies, including pricing, promotion, distribution, and market segmentation. By understanding product concepts and classifications comprehensively, companies can improve product quality and maintain long-term customer loyalty.
Transformational Leadership, Work Stress, and Employee Performance: The Mediating Role of Work Motivation in the Financing Industry Rachmasari Nur Hutaminingtyas; Sabihaini Sabihaini; Sri Dwi Ari Ambarwati
Journal of Financial and Business Vol 3 No 1 (2026)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63453/jfb.v3i1.86

Abstract

Employee performance is a critical factor in determining organizational effectiveness, particularly in the financing industry, which is characterized by high performance targets and competitive work environments. This study aims to examine the effect of transformational leadership and work stress on employee performance with work motivation as a mediating variable in the financing industry. This study employed a quantitative explanatory research design using a census approach involving 70 contract employees as respondents. Data were collected through structured questionnaires and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS 4. The results indicate that transformational leadership has a positive effect on work motivation and employee performance, while work stress has a negative effect on work motivation and employee performance. Furthermore, work motivation positively affects employee performance and significantly mediates the relationship between transformational leadership and employee performance, as well as between work stress and employee performance. This study contributes theoretically by extending the application of Self-Determination Theory (SDT), Social Exchange Theory (SET), and Job Demands-Resources (JD-R) Model in explaining the mechanism through which organizational and psychological factors influence employee performance in the financing industry. Practically, this study suggests that management should strengthen transformational leadership practices, manage work stress effectively, and enhance employee motivation to improve performance.
The Role of Dividend Policy in Moderating the Effect of Profitability on Firm Value Nola Velia Arizza; Muhammad Fajri Prasetyo
Journal of Financial and Business Vol 3 No 1 (2026)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63453/jfb.v3i1.87

Abstract

This study examines the effect of profitability on firm value and investigates the moderating role of dividend policy in the relationship between profitability and firm value while controlling for the debt-to-equity ratio and current ratio. A quantitative approach was employed using secondary data from 111 firm-year observations of publicly listed companies. Hierarchical moderated regression analysis (MRA) was applied after confirming that the data satisfied the classical assumption tests. The findings show that profitability, measured by Return on Equity (ROE), has a positive and significant effect on firm value, indicating that more profitable firms tend to achieve higher market valuations. Dividend policy does not have a significant direct effect on firm value. However, the interaction between profitability and dividend policy is significant and negative, suggesting that dividend policy weakens the positive impact of profitability on firm value. These results imply that while profitability serves as a positive signal to investors, higher dividend payouts may reduce the market's appreciation of profitability by limiting retained earnings available for future investment and growth opportunities. This study contributes to the corporate finance literature by demonstrating that dividend policy should be viewed not only as an independent determinant of firm value but also as a moderating factor that shapes the effectiveness of profitability in enhancing market valuation. The findings provide practical insights for managers in balancing profitability and dividend distribution to maximize shareholder value.
Analysis of the Relationship between Inflation and Interest Rates on Investment Decisions in the Capital Market: A Literature Review Al Insani Mutiara Ramadhan; Wahyu Febri Ramadhan Sudirman
Journal of Financial and Business Vol 3 No 1 (2026)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63453/jfb.v3i1.88

Abstract

This study aims to analyze the relationship between inflation, interest rates, and investment decisions in the capital market based on a literature review. Inflation and interest rates are macroeconomic indicators frequently considered by investors when making investment decisions because they are related to investment returns and risk. This study employed a literature review method, reviewing various relevant scientific journal articles, books, and official publications. The literature was selected based on its relevance to the research topic, the credibility of the sources, and the recency of the publications to gain a comprehensive understanding of the relationships between the variables studied. The results of the literature review indicate that high inflation rates tend to reduce investor interest in the capital market due to reduced purchasing power and increased economic uncertainty. Furthermore, rising interest rates encourage investors to shift funds to financial instruments offering more stable returns, such as deposits and bonds. Conversely, controlled inflation and stable interest rate policies can create a conducive economic climate for investment growth in the capital market. Based on the synthesis of various literature, inflation stability and appropriate interest rate policies are important factors supporting capital market development and are key considerations in investment decision-making.

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