Articles
<![CDATA[Free float, firm size, stock return, and stock market liquidity: Asymmetric information interaction ]]>
<![CDATA[Verawati, Verawati]]>;
<![CDATA[Mustika, Uray Ndaru]]>;
<![CDATA[Mustaruddin, Mustaruddin]]>
<![CDATA[ Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field ]]>
Publisher : <![CDATA[Institute of Computer Science (IOCS) ]]>
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DOI: 10.35335/jmas.v8i1.577
<![CDATA[This research was conducted to determine the effect of free float, firm size, and stock returns on liquidity in the stock market with information asymmetry as moderation. Quantitative research was based on panel data. The object of this research was companies included in the LQ45 index on the Indonesia Stock Exchange with an observation period of 2019-2023. This study applied the regression model equation test with Moderated Regression Analysis (MRA) analysis with Eviews 12 software. The results of this study found that free float and firm size had a significant negative effect on market liquidity, while stock return did not have a significant impact on stock market liquidity in LQ45. Information asymmetry in this study could not moderate the relationship between free float and stock return on liquidity. With the value of data, variation was found to have a wide range of values, which indicated that the variables are volatile.]]>
<![CDATA[Analysis of financial ratios on firm value: Testing dividend policy as moderation ]]>
<![CDATA[Sartika, Lili]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Azazi, Anwar]]>;
<![CDATA[Mustika, Uray Ndaru]]>
<![CDATA[ Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field ]]>
Publisher : <![CDATA[Institute of Computer Science (IOCS) ]]>
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DOI: 10.35335/jmas.v8i1.586
<![CDATA[The purpose is to investigate the influence of profitability, solvency, and liquidity upon firm value and moderation of dividend policy from the IDX Kompas100 Index, with an analysis duration from 2020-2023 with a total of 122 observations. A purposive sampling approach is applied in this analysis, with criteria for firms that live consistently on the Kompas100 index, distribute dividends within analysis time, have profitable revenue, and are capable of meeting long-term and short-term debts. This research employs MRA with SPSS software. The outcome shows that profitability and liquidity have a positive result on firm value. Meanwhile, solvency shows an adverse influence on firm value. Additionally, dividend policy is able to moderate and intensify the outcome of solvency upon the firm value and weaken liquidity impact upon firm value, but it shows no sign of moderating effect on profitability upon firm value.]]>
<![CDATA[Financial literacy and financial technology on the personal finance behavior of generation z ]]>
<![CDATA[Perawati, Perawati]]>;
<![CDATA[Juniwati, Juniwati]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Azazi, Anwar]]>;
<![CDATA[Mustika, Uray Ndaru]]>
<![CDATA[ Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field ]]>
Publisher : <![CDATA[Institute of Computer Science (IOCS) ]]>
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DOI: 10.35335/jmas.v8i1.589
<![CDATA[The Indonesian economy is experiencing significant expansion, driven by technological advancements, with financial literacy being crucial to enhancing understanding and financial education among Generation Z in West Kalimantan. The present research aims to examine the influence of financial literacy on the personal financial behavior of Generation Z, both directly and via lifestyle as a mediating variable, while also analyzing the direct impact of financial technology on their personal finances. This study employed a qualitative research technique utilizing a causal associative method, involving a sample of 247 respondents from Generation Z in West Kalimantan. Data were gathered via surveys and analyzed via structural equation modelling (SEM) with SmartPLS 4.0 software. Research findings indicate that financial literacy has a positive and significant influence on the personal finance behavior of Generation Z, with lifestyle serving as an effective mediator. The results underscore the significant of financial literacy and lifestyle in influencing improved financial behavior among Generation Z, with implications for developing more effective financial education programs.]]>
<![CDATA[Implementasi Ekonomi Manajemen Dalam Meningkatkan Literasi Keuangan Pada Panti Asuhan Abdi Agape ]]>
<![CDATA[Suripto, Adi]]>;
<![CDATA[Mustika, Uray Ndaru]]>;
<![CDATA[Yulianti, Yessy Irena]]>;
<![CDATA[Rebeka, Kalista]]>
<![CDATA[ BANTENESE : JURNAL PENGABDIAN MASYARAKAT Vol. 6 No. 2 (2024): Bantenese: Jurnal Pengabdian Masyarakat ]]>
Publisher : <![CDATA[Pusat Studi Sosial dan Pengabdian Masyarakat Fisipkum Universitas Serang Raya ]]>
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DOI: 10.30656/k2k97527
<![CDATA[Program KKM-PKM dilaksanakan untuk membantu anak-anak panti asuhan yang memiliki keterbatasan pada pengetahuan ilmu ekonomi khususnya manajemen, serta kurangnya motivasi untuk melanjutkan pendidikan ke jenjang yang lebih tinggi. Program KKM-PKM ini bertujuan untuk meningkatkan pengetahuan akan ekonomi dan minat untuk melanjutkan jenjang pendidikan yang lebih tinggi pada anak-anak Panti Asuhan Abdi Agape Pontianak. Metode yang digunakan dalam program ini meliputi sosialisasi kepada anak-anak panti asuhan, tanya jawab mengenai materi yang disampaikan, dan melakukan praktik yang berhubungan dengan materi yang disampaikan. Program KKM-PKM ini menunjukkan hasil yang memuaskan, dimana anak-anak panti asuhan memiliki motivasi untuk terus melanjutkan pendidikannya, dapat membuat skala prioritas dan anggaran sederhana yang sangat berguna bagi mereka untuk mengatur keuangannya, serta meningkatkan keterampilan dalam membuat brosur pemasaran yang bermanfaat kedepanya untuk memperoleh pelanggan ketika memiliki usaha sendiri.]]>
<![CDATA[Peran mediasi literasi keuangan dalam keputusan investasi bagi Generasi Z: Pengujian bias-bias perilaku ]]>
<![CDATA[Aulia, Syafitri]]>;
<![CDATA[Giriati, Giriati]]>;
<![CDATA[Mustika, Uray Ndaru]]>;
<![CDATA[Mustaruddin, Mustaruddin]]>
<![CDATA[ Journal of Management and Digital Business Vol. 4 No. 3 (2024): Journal of Management and Digital Business ]]>
Publisher : <![CDATA[Nur Science Institute ]]>
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DOI: 10.53088/jmdb.v4i3.1334
<![CDATA[This study analyzes behavioral factors, namely overconfidence, representativeness, and availability in Generation Z in making investment decisions, with financial literacy as a mediating variable. The research used a quantitative approach with a purposive sampling method. The data used are primary data with cross-sectional data types. Respondent data collection used a questionnaire distributed online to 250 respondents. The data analysis method used path analysis and the Sobel test. The results showed that overconfidence and representativeness positively and significantly affected financial literacy. The variables overconfidence, availability, and financial literacy positively and significantly affected investment decisions. This result is inversely proportional to the availability test on financial literacy and representativeness on investment decisions, indicating no effect. Financial literacy as a connecting variable can mediate the three behavioral biases on investment decisions.]]>
<![CDATA[ENHANCING BANKING FUTURE PERFORMANCE: REVALUATION AND BOOK-TO-MARKET RATIO ]]>
<![CDATA[Magdalena, Maria]]>;
<![CDATA[Heriyadi, Heriyadi]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Azazi, Anwar]]>;
<![CDATA[Mustika, Uray Ndaru]]>
<![CDATA[ International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 8, No 4 (2024): IJEBAR, VOL. 08 ISSUE 04, DECEMBER 2024 ]]>
Publisher : <![CDATA[LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta) ]]>
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DOI: 10.29040/ijebar.v8i4.15537
<![CDATA[The banking sector played a crucial role in global economic stability, supporting financial and investment activities. Prior to making funding decisions within the banking sector, investors required reliable information disclosure. The assessment of book value and asset management were strategic steps that provided a precise representation of the company’s fundamental value, compared to volatile market value. This research aimed to investigate how the book-to-market ratio mediated the relationship between asset revaluation, return on assets, debt equity ratio, and future financial performance (ROE). Employing quantitative approach with multiple regression analysis using EViews 13. Path analysis was utilized to examine the mediation effect. This research conducted an unbalanced panel analysis consisting of 80 observations from 30 Indonesian banks listed on the Indonesia Stock Exchange from 2014 to 2022 that fulfilled the sampling criteria. Data is derived from annual financial reports and selected through purposive sampling criteria focused on the presence of asset revaluation. The finding of this research indicated that asset revaluation negatively affects the book-to-market ratio when ROA has a positive relationship. ROA and book-to-market ratio positively affect debt equity ratio. Then, ROA has a significant positive impact on banking future performance, while DER has a significant negative relationship. Conversely, the book-to-market ratio proven can mediate the relationship between asset revaluation and debt equity ratio]]>
<![CDATA[ENHANCING BANKING FUTURE PERFORMANCE: REVALUATION AND BOOK-TO-MARKET RATIO ]]>
<![CDATA[Magdalena, Maria]]>;
<![CDATA[Heriyadi, Heriyadi]]>;
<![CDATA[Malini, Helma]]>;
<![CDATA[Azazi, Anwar]]>;
<![CDATA[Mustika, Uray Ndaru]]>
<![CDATA[ International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 8 No 4 (2024): IJEBAR, VOL. 08 ISSUE 04, DECEMBER 2024 ]]>
Publisher : <![CDATA[LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta) ]]>
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DOI: 10.29040/ijebar.v8i4.15537
<![CDATA[The banking sector played a crucial role in global economic stability, supporting financial and investment activities. Prior to making funding decisions within the banking sector, investors required reliable information disclosure. The assessment of book value and asset management were strategic steps that provided a precise representation of the company’s fundamental value, compared to volatile market value. This research aimed to investigate how the book-to-market ratio mediated the relationship between asset revaluation, return on assets, debt equity ratio, and future financial performance (ROE). Employing quantitative approach with multiple regression analysis using EViews 13. Path analysis was utilized to examine the mediation effect. This research conducted an unbalanced panel analysis consisting of 80 observations from 30 Indonesian banks listed on the Indonesia Stock Exchange from 2014 to 2022 that fulfilled the sampling criteria. Data is derived from annual financial reports and selected through purposive sampling criteria focused on the presence of asset revaluation. The finding of this research indicated that asset revaluation negatively affects the book-to-market ratio when ROA has a positive relationship. ROA and book-to-market ratio positively affect debt equity ratio. Then, ROA has a significant positive impact on banking future performance, while DER has a significant negative relationship. Conversely, the book-to-market ratio proven can mediate the relationship between asset revaluation and debt equity ratio]]>
<![CDATA[DETERMINANTS OF INVESTMENT INTEREST IN INDONESIA: EXAMINING THE INTERACTION EFFECTS OF GENDER ]]>
<![CDATA[Kalista, Apriwina Yulita]]>;
<![CDATA[Wendy, Wendy]]>;
<![CDATA[Giriati, Giriati]]>;
<![CDATA[Mustika, Uray Ndaru]]>;
<![CDATA[Mustaruddin, Mustaruddin]]>
<![CDATA[ International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 8 No 4 (2024): IJEBAR, VOL. 08 ISSUE 04, DECEMBER 2024 ]]>
Publisher : <![CDATA[LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta) ]]>
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<![CDATA[The active use of social media by young people and their predominance in Indonesian investment in capital markets between 2021 and 2024 suggest an interesting trend that deserves more investigation. Having a focus on the impact of social media influencers, the Fear of Missing Out (FoMO) phenomenon, and the significance of financial literacy in fostering investment interest, this study attempts to pinpoint and examine the elements that motivate the younger generation to pursue investing. Primary data from surveys is used in this quantitative study. MRA using SPSS software version 25 was used to test the interaction effect. It has been demonstrated that financial literacy, fear of missing out (FoMO), and social media influencers all have a favorable impact on investing interest. The relationship between genders]]>
<![CDATA[Pengaruh Likuiditas, Profitabilitas, dan Leverage Terhadap Stabilitas Keuangan: Menguji Interaksi Ukuran Perusahaan ]]>
<![CDATA[Alif, Gattuso Putra]]>;
<![CDATA[Shalahuddin, Ahmad]]>;
<![CDATA[Mustika, Uray Ndaru]]>;
<![CDATA[Syahputri, Anggraini]]>
<![CDATA[ Madani: Jurnal Ilmiah Multidisiplin Vol 3, No 6 (2025): July 2025 ]]>
Publisher : <![CDATA[Penerbit Yayasan Daarul Huda Kruengmane ]]>
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DOI: 10.5281/zenodo.15809577
<![CDATA[Financial stability refers to the condition of a company's financial health in which it is able to allocate its financial resources effectively to prevent disruptions to the financial system. This study examines the effect of leverage, profitability, and liquidity on the financial stability of companies in the property and real estate industry, with corporate governance serving as a moderating variable. The data used in this research are derived from the annual reports of property and real estate companies listed on the Indonesia Stock Exchange for the period 2019–2023. The study involves a population of 150 companies, from which a sample of 30 companies was selected over a five-year analysis period. Data analysis was conducted using panel data regression with the assistance of EViews 12 software. Overall, this research makes a significant contribution to the financial management literature, particularly in understanding the role of company characteristics in strengthening the relationship between financial performance indicators and corporate stability. The findings are also expected to serve as a strategic reference for company management and investors in making more prudent and data-driven financial decisions.]]>
<![CDATA[Pengaruh Likuiditas, Leverage, dan Profitabilitas Terhadap Financial Distress: Peran Moderasi Ukuran Perusahaan ]]>
<![CDATA[Hafizi, Mohamad]]>;
<![CDATA[Azazi, Anwar]]>;
<![CDATA[Rosnani, Titik]]>;
<![CDATA[Mustika, Uray Ndaru]]>
<![CDATA[ Madani: Jurnal Ilmiah Multidisiplin Vol 3, No 6 (2025): July 2025 ]]>
Publisher : <![CDATA[Penerbit Yayasan Daarul Huda Kruengmane ]]>
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DOI: 10.5281/zenodo.15812690
<![CDATA[This study aims to examine the effect of liquidity, leverage, and profitability on financial distress, with firm size as a moderating variable. The sample consists of 30 consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023, selected through purposive sampling. Data were analyzed using Moderated Regression Analysis (MRA) based on the Fixed Effect Model (FEM) with the assistance of EViews 12 software. The findings indicate that leverage has a significant positive effect on financial distress (p < 0.01), while liquidity and profitability do not show significant effects (p > 0.05). Firm size negatively moderates the relationship between liquidity and financial distress (β = –0.626; p < 0.05) and positively moderates the effect of profitability (β = –3.422; p < 0.05), but does not moderate the influence of leverage. These results emphasize the importance of internal company characteristics—particularly firm size—in shaping the financial impact of key financial ratios. Theoretically, this research contributes to the development of a more comprehensive financial distress prediction model, while practically, it provides strategic insights for companies in formulating more adaptive financial risk mitigation efforts.]]>
