Academic Journal @ Perbanas Business School Surabaya - Indonesia
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Determinants of individual investment decision: A moderated mediation model
Full text linkThis study aims to examine the effect of financial self-efficacy, risk tolerance, risk perception, and gender on individual investment decisions using a moderation and mediation approach. In addition, this study also examines the role of risk tolerance in mediating the effect of financial self-efficacy on investment decisions as well as the role of gender in moderating the effect of financial self-efficacy on risk tolerance and investment decisions. The sample used in this study is individuals living in Madura Island who invest in financial and real assets. A total of 416 respondents filled out the questionnaire distributed online. This study uses Partial Least Square-Structural Equation Modeling (PLS-SEM) to test the hypotheses. The results of this study prove that financial self-efficacy, risk tolerance, and gender have a positive effect on individual investment decisions. Meanwhile, risk perception has a negative effect on individual investment decisions. Risk tolerance partially mediates the effect of financial self-efficacy on investment decisions. Furthermore, gender strengthens the effect of financial self-efficacy on risk tolerance and investment decisions. This study provides an understanding of the role of risk in investment decisions. Investors are expected to increase their financial knowledge and control their behavioral biases so as not to get trapped in high-risk investments
Financial Leverage and Managerial Compensation: Evidence from Non-Cyclical Industries in Indonesia
Full text linkThis research analyzes the impact of financial leverage on managerial compensation. This study also explores the moderating effect of financial distress on the link between financial leverage and managerial compensation. This study used a quantitative approach with multi-linear regression analysis. The sample consisted of 26 firms from non-cyclical industries listed on the Indonesian Stock Exchange (IDX) from 2018 to 2022, with a total observation of 130. The data research was derived from firms\u27 annual reports. The empirical result shows that financial leverage positively affects managerial compensation. It suggests that firms incentivize management with higher compensation, aiming for more professional leverage management to maximize firm value. This finding is relevant to the trade-off theory. This study also demonstrates that the variable of financial distress is categorized as a pure moderator. It is confirmed that financially distressed firms determine financial leverage as a negotiation tool to reduce the cost of salaries. This finding implies the importance of the firms carefully balancing human capital and compensation schemes because the manager\u27s interest might be given up if the company is in financial distress
The Effect of E-Commerce on Gross Regional Domestic Product and Clustering of Its Characteristics by Utilizing Official Statistics and Big Data
No full textThe objective of this study is to examine the impact of e-commerce on Gross Regional Domestic Product (GRDP) and categorize GRDP according to e-commerce features in 17 provinces throughout Java, Sumatra, and Bali. The Human Development Index (HDI), which measures people\u27s proficiency with technology—among which is e-commerce—is greatest on these three islands. This study makes use of big data in the form of Google Trends data as well as official statistics data obtained from the BPS-Statistics Indonesia. K-means clustering and regression analysis are the research methods employed. The study\u27s findings demonstrate that the three islands\u27 GDP growth rates are considerably accelerated by e-commerce companies. There were two ideal clusters identified: the low and high GRDP clusters. All of the provinces on the island of Java are included in the high cluster, with the exception of Central Java, which is distinguished by high transaction values and e-commerce-related keyword searches. Provinces in the low cluster are located on the Indonesian islands of Sumatra and Bali, and they are distinguished by the usage of Cash on Delivery (COD) and a limited number of employees in e-commerce businesses
Profiling Fraud, Fraudster, and Victim
Full text linkGlobally, companies often face occupational fraud, which is considered the most damaging type of fraud for businesses, accounting for five percent of their annual income losses each year. Profiling is one effective technique for preventing and detecting occupational fraud. This process involves creating profiles of both fraud victims and perpetrators. This qualitative research, employing a descriptive study method, aims to analyze trends in victim profiles, types of fraud, and fraudster profiles over the past decade, using data from the Association of Certified Fraud Examiners (ACFE) for the years 2012–2022. The findings indicate that financial statement fraud results in the highest financial losses, despite being the least common type of fraud. Conversely, asset misappropriation is the most frequent type of fraud but results in the lowest financial losses. The most common profile of fraud perpetrators includes the following characteristics: male, aged between 31 and 45, employed in a non-managerial position, holding a bachelor\u27s degree, having worked for one to five years, with no criminal history, and living beyond their means. Additionally, smaller firms are more susceptible to fraud, and organizations in the banking and financial sectors are particularly vulnerable to occupational fraud
Do the competencies of tax accounting students meet the skills required in the Industry 4.0 era?
Full text linkIn this Industry 4.0 era, many college graduates are unemployed because they do not have the competencies that suit the company’s needs. In addition, companies in the Industry 4.0 era also require workers to master the internet and technology because in this era all company business operations are automated. The accounting profession, including the tax accounting profession, has also adapted to developments in technology and the internet in carrying out its duties. Accounting students are required to be able to adapt their taxation capabilities and digital skills to the needs of companies in the Industry 4.0 era. This research is descriptive qualitative research with secondary data sourced from various literature, especially job vacancy advertisements, and primary data in the form of interviews with accounting students. The results of the analysis show that companies in the Industry 4.0 era require students to master basic skills in taxation, especially those related to Income Tax, digital tax applications issued by the Directorate General of Taxes, and data processing applications, such as Ms. Excel, and accounting applications, for example Accurate and Odoo. In general, the accounting study program curriculum is in line with company needs, but there needs to be more training programs for tax practices and accounting computer applications
PENINGKAKATAN KUALITAS OLAHAN KRIPIK SAYURAN DENGAN PENERAPAN TEKNOLOGI MESIN MIXER DAN MESIN PENIRIS
Full text linkKemandirian menpertahankan UMKM Olahan berbagai jenis kripi sayur dan usus yang di lakukan oleh ibu Nur Azizah berlokasi di desa pakisaji Jalan Balai desa Sutojayan RT/RT 02/02 kelurahan Sutojayan Kecamatan Pakisaji Kabupaten malang , dari usahan rumahan tersebut dapat menghasilkan olahan kripik sayur dan usus non kolesterol dengan olahan yang sangat bersih dan terjamin kualitasnya, sebelum pandemi memiliki 20 Orang karyawan, sebagai produksi olahan kripik, UMKM tersebut telah memiliki beberapa Resseller hingga keluar pulau seperti Bali, Omzet nya pun mencapai 100jt dari olahan kripik tersebut 1 hari dapat menghasilkan 1 kintal kripik, olahan kripik non kolester dan dapat bertanan hingga 1 bulan tampa bahan pengawet. dalam Perjalan usaha UMKM yang di kelola Oleh Ibu Rumah Tangga Single Perent ini sejak pandemi sangat terpukul dan berdampak keterpurukan terhadap ekonomi pengiriman luar pulau biasa bisa mencapai 2 Ton di saat Pandemi hanya dapat bisa bertahan dan hampir putus Asa karena ekonomi tidak menentu karyawan semula berjumlah 20 orang saat ini untuk mempertahankan usahanya Bu Nur Azizah memperkerjakan 3 orang karyawan dengan peralatan pengolahan hanya mengandalkan tenaga manual tampa ada penggunaan mesin Berteknologi Tepat guna yang sangat di butuh di masa pandemi. Kripil Cryspi buah sayur pare. 2) kripik Buah sayur Terong. 3) Kripik Usus. 4) Kripik pisang. Dan 5) Kripik Usus. Semua Olahan kripik tersebut telah memiliki sertifika Halal dan berbagai penhargaan dari pemerintah terpapan di lemari koleksi penhargaaan. oleh Tim UKM Universitas PGRI Kanjuruhan Malang memeberikan solusi  Meliputi: a) Pendampingan Pemasaran Digital Marketing, Pembuatan Mesin Oven Pengering yang berteknologi mikrokontroler, dan mesin mixer Teknologi untuk mengaduk bahan dasar tepung dan bumbu hingga siap goreng   yang kan di berikan pada mitra berdasarkan solusi yang di tawarkan meliputi Pendampingan dan Pelatihan digital Marketing yang mencakup: Marketplace, lazada, tokopedia FB guna memperluas are pemasaran, dan meningkatkan ekonomi masyarakat kreatif yang di Kelola
Enhancing Customer Trust and Value for E-Commerce Sustainability
Full text linkThe rapid growth of online shopping in e-commerce applications emphasizes the role of after-delivery services provided by online sellers in gaining trust, satisfaction, and repurchase intention. Good after-delivery service and positive customer perceived value contribute to creating customer trust, which also affects repurchase intention. This paper aims to analyze the effect of after-delivery service, customer perceived value, and customer satisfaction on trust to increase repurchase intention. This research was conducted in Jakarta with a causality descriptive research design using a quantitative approach and purposive sampling technique. Data was collected from 291 respondents who have used e-commerce applications. The conceptual model underwent an analysis utilizing SEM (Structural Equation Modeling). Research results reveal that after-delivery service impacts customer trust and customer satisfaction positively. Customer perceived value impacts customer trust and satisfaction positively, and customer satisfaction positively impacts customer trust. Customer trust and customer satisfaction positively impact repurchase intention. After service delivery, customer perceived value positively impacts repurchase intention, which is mediated by customer satisfaction. Furthermore, after delivery service, customer satisfaction and perceived value positively impact repurchase intention mediated by customer trust
Unlocking Success: Nexus between Entrepreneurial Orientation and Financial Performance in Culinary MSMEs
No full textThis study aims to investigate the impact of entrepreneurial orientation on the financial performance of micro, small, and medium-sized enterprises (MSMEs) in the culinary sector, while also exploring the mediating roles of digital transformation and working capital in this relationship. Data were gathered via a field survey involving 360 culinary MSMEs operators in Semarang City, Salatiga City, and Surakarta City, with a proportional distribution across these locations. Statistical analysis was conducted using SEM-PLS. The results reveal that entrepreneurial orientation significantly influences financial performance, digital transformation, and working capital. Additionally, digital transformation and working capital play mediating roles in the relationship between entrepreneurial orientation and financial performance. This study contributes to theoretical insights by proposing a model to enhance the economic performance of culinary MSMEs, focusing on entrepreneurial orientation, digital transformation, and working capital. From a policy perspective, the government is encouraged to support various initiatives aimed at enhancing entrepreneurial capabilities, fostering the adoption of digital technologies, and promoting effective working capital management within the culinary MSMEs sector
Leader-Member Exchange and Employee Performance: Mediating Roles of Work Engagement and Job Satisfaction
Full text linkThe purpose of this study is to investigate and evaluate the direct or indirect effects of leader-member exchange on work engagement and job satisfaction on employee performance. The study encompassed 215 employees who worked at the Office of the Regional Tax and Retribution Management Agency of Medan City, with 140 employees constituting the sample size. Questionnaires and interviews were employed in this study\u27s data collection process. SmartPLS (Partial Least Square) 4.0 software is utilized for structural equation modeling in statistical analysis. The results of this study indicate that direct leader-member exchange, work engagement and job satisfaction have a significant effect on employee performance. Leader-member ex-change has a significant effect on performance through work engagement and employee job satisfaction at the Office of the Regional Tax and Retribution Management Agency of Medan City. This research provides information for the Office of the Regional Tax and Retribution Management Agency of Medan City and related parties to improve employee performance by increasing job satisfaction, and work engagement and improving existing leadership to provide employee comfort
The effect of financial literacy on financial inclusion, social capital, and cognition on beginner and experienced investor
Full text linkThis study examines how financial literacy affects financial inclusion, social capital, and cognition in stock investors. Prospective investors or investors can manage per-sonal finances in the future. This research involves many samples with cross-sectional data. This research consists of the independent variables, financial literacy, and the dependent variables consist of financial inclusion, social capital, and cognition. The dependent variable of financial inclusion consists of access, quality, usage, and welfare; social capital consists of the dimensions of collective action, bonding, bridging and trust, and cognition. The independent variable of financial literacy consists of the dimensions of skill, behavior, knowledge, and attitude. The collected respondents were taken from 165 respondents, and they were analyzed using the structural equation modeling. After processing the data, it shows that the effect of financial literacy and cognition on financial inclusion is supported, and financial literacy on social capital cognition is supported. Meanwhile, social capital towards inclusion literacy needs to be supported. Based on the results, stock investors must be more careful in choosing investment products/institutions to avoid fraud