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Journal : Jurnal Ekonomi dan Manajemen

THE INFLUENCE OF REAL INTEREST RATES, INFLATION, EXCHANGE RATE, AND GDP ON STOCK RETURN IN THE PROPERTY SECTOR Paulin Tejokusumo; Njo Anastasia; Adwin Surja Atmadja; Panitia MSEPS1
Jurnal Ekonomi dan Manajemen Vol 16 No 2 (2022): Jurnal Ekonomi dan Manajemen (Special Edition MSEPS UMKT)
Publisher : Universitas Muhammadiyah Kalimantan Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30650/jem.v16i2.3608

Abstract

Stocks are one of the investment products in financial markets that need to be understood in terms of risk and return, where changes in stock returns can be influenced by external and internal factors. This study aims to determine the significant effect of real interest rates, inflation, exchange rates, and gross domestic product on property sector stock returns on the Indonesia Stock Exchange (IDX) in the 2012-2019 period. This period shows a fluctuating property market cycle due to changes in external factors, namely the economy and politics in Indonesia. Public companies in the property and real estate sector are listed on the IDX, with a total of 67 companies selected with certain criteria; 26 companies were selected. Secondary data obtained from the World Bank and Bank Indonesia were tested using panel data regression. The test results show that real interest rates, inflation, and exchange rates have a significant effect on stock returns, but the gross domestic product has no significant effect. This research proves the importance of the government's role in maintaining the economic and political stability of a country so that investors are interested in investing in the stock market. Contributions from the property and real estate sector in driving the economy from upstream to downstream also need government support regarding regulations and taxation.
THE EFFECT OF SAVING BEHAVIOR AND FINANCIAL LITERACY ON INVESTMENT DECISIONS IN THE GENERATION Z CAPITAL MARKET IN SURABAYA Olivia Michaela; Njo Anastasia; Panitia MSEPS2
Jurnal Ekonomi dan Manajemen Vol 16 No 2 (2022): Jurnal Ekonomi dan Manajemen (Special Edition MSEPS UMKT)
Publisher : Universitas Muhammadiyah Kalimantan Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30650/jem.v16i2.3625

Abstract

Investment among young people shows rapid growth rates due to financial benefits. Saving activities are replaced by investing activities. This study explores the effect of saving behavior and financial literacy on investment decisions in the capital market by Generation Z in Surabaya. Data collection using a questionnaire distributed online to Generation Z aged 17-23 years who live in Surabaya and have invested in the capital market obtained as many as 100 respondents. The primary data was processed using SEM-PLS 3.0. The study results show that saving behavior and financial literacy significantly influence the investment decisions of Generation Z in the capital market. This research proves that there is a behavioral transition in Generation Z from a saving society to investing society. The implications of research for the government and capital market players through education are active investments to drive the economy, especially in the capital market and contribute to developing the State of Indonesia. However, Generation Z needs to be directed to seek information before investing to make the right decisions.
Co-Authors Adriel Dianto Adwin Surja Atmadja Agnes Eval Agnes Eval Aida Fitriani Tobing Aida Fitriani Tobing Aileen Liana Suwitro Alberto Orson Ongkowidjojo Alvin Januar Haryono Alvin Murthi Amelia Feliciana Ticoalu Andrew Darrent Andrian Sumtoro Angeline Roesdiyono Arnoldus Henry Tjahyono Austin Adiputra Tahir Purwantoro Avila, Axel Barca Hadi Juwono Benny Poerbantanoe Brian Zakaria Budiman, Januar Caroline Faustina Wicaksono Chan Hengky Chandra Chrisna Hadi Juwono Christiono Utomo Chyntia Iswantoro Connie Susilawati Connie Susilawati Denny Stevanus Widyanto Desy Delvina Wijaya Dewi Pricilia Sari Dicky Fredy Widjaja Edward Gondo Kusuma Emmanuelle Christiane Emmanuelle Christiane Evelyn Evelyn Evelyn Evelyn Fabian Hidayat Felicia Wongosari Foedjiawati Foedjiawati Foedjiawati Foedjiawati Fransisca Andreani Fransisca Andreani Fransisca Fransisca Gesti Memarisa Gesti Memarista Gilbert Alexander Grace Latumahina Hansel William Ongkowijaya Hanskey Tanugara Hendarto, Kevin Hendra Hendra Herwono Indra Saputra Ime Dwi Putri Faries Imelda Wijiyanti Jani Rahardjo Januar Budiman Januar Budiman Joshua Gondo Kusuma Junaedy Junaedy Ken Ken Kerto Kevin Hendarto Kevin Ronaldo Gotama Kunto, Yohanes Sondang Lidya Priskila Thiosalim Liniwati Yuono Liniwati Yuono Lorenza, Delyn Margerita Wenny Jessica Mariana Ing Malelak Mariana Ing Malelak Melani Setiawan Melani Setiawan Melinda Melyani Goni Melisa Margaretha Melisa Margaretha, Melisa Mellicha Jeni Lestaritio Mellisa Marcellina Gunawan Merlin Lenniawati Muliadihardjo Muliadihardjo Nanik Linawati Nathasya Wijaya Nony Kezia Marchyta Oka Christian Setiadiwiria Olivia Michaela Panitia MSEPS1 Panitia MSEPS2 Pappang, Rinita Paulin Tejokusumo Pertiwi, Dewi Rinita Pappang Rizon Rizon Ronaldi Rantelino Ronaldo Richard Gunawan Samantha Christy Tandono Samuel Ongko Limantoro Sautma Ronni Basana Sautma Ronni Basana Shierly Ivonne Shierly Ivonne Siana Halim Siana Halim Sofian Arif Susanto Stephanie Gozalie Stephanie Gozalie, Stephanie Surya Hermawan Susanto, Sofian Arif Sutoto Yakobus Sutoto Yakobus Timoticin Kwanda Timoticin Kwanda Timoticin Kwanda Timoticin Kwanda Timoticin Kwanda Veronika S. Herlimus Veronika S. Herlimus Victor Winata Pranoto Vincent Wibisono Welly Setiadi Widya Sari Puspa Dewi Suyanto Widyanto, Denny Stevanus Wirawan Wangsawinata Yanny Widiastuty Gunawan Yoe Filbert A Yoni Putranto Yuliana Lieyanto Yunita Handayani Yunita Handayani