Claim Missing Document
Check
Articles

Found 6 Documents
Search

KAUSALITAS HARGA SAHAM DAN KURS USD/IDR Asep Risman
Jurnal Ilmiah Manajemen dan Bisnis Vol 1, No 2 (2015): Jurnal Ilmiah Manajemen dan Bisnis
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jimb.v1i2.3682

Abstract

Theoretically Correlation exchange rate on stock prices, there is the relationship (negative) associated withthe performance of the issuer and economic conditions, there is also the approach that shows therelationship because of the behavior of foreign investors related to the investment portfolio, but there isalso approach that states no direct relationship. Likewise, previous studies showed a negative relationshipbeetween stock prices and exchange rates, but there is also research showing that the relationshipsignificant or under certain conditions, and the more extreme results showed no relationship betweenstock prices and exchange rates.In this study, we just want to prove which variable affect other variableswhether the exchange rate affect the price of the stock or just the opposite, based on test granger causality shows stock prices and the exchange rate of USD / IDR turns affect each other, so that the analysis ofchanges in exchange rates can be used to predict the tendency towards the stock price, and vice versa, inaddition to stock price changes are not necessarily directly affect the exchange rate at that time, but ittakes time or lag.
The behavioral finance of MSMEs in the advancement of financial inclusion and financial technology (Fintech) Asep Risman; Anees Janee Ali; Mochamad Soelton; Indra Siswanti
The Indonesian Accounting Review Vol 13, No 1 (2023): January - June 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/tiar.v13i1.3213

Abstract

This study aims to determine empirical evidence of the effect of financial inclusion and financial technology (fintech) on the behavioral finance of MSMEs. This study uses a quantitative method with a positivist paradigm approach. The population of this study is all MSMEs in Indonesia. The sample used in this study is 205 respondents (MSME owners) from all over Indonesia. Sampling is carried out using a random technique. Data collection is carried out by distributing questionnaires, both manually and online using Google Forms, and is measured using a 5-point Likert scale. The data processing is carried out using Partial Least Square (PLS) software with a Structural Equation Modeling (SEM) model. The results of this study show that financial inclusion and financial technology (fintech) have a direct positive effect on the behavioral finance of MSMEs. Financial technology (fintech) can mediate and increase the effect of financial inclusion on the behavioral finance of MSMEs.
Determinants of Firm's Value through Capital Structure, Financial Performance, and Company Growth Rahmah Alwan; Asep Risman
Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 2 (2023)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/indikator.v7i2.18585

Abstract

This study aims to determine the influence of capital structure represented by Debt to Equity Ratio (DER), the financial performance represented by Return on Asset (ROA), and the growth of companies represented by Total Asset Growth (TAG) on the value of companies in the agricultural industry sector listed on the Indonesia Stock Exchange. The population used in this study was as many as 25 companies. The sampling method used is the purposive sampling method, so that 9 companies with 5 years of observation (2016-2020) were obtained so that 45 observational data were produced. The research data was obtained from the Indonesia Stock Exchange website. The data analysis techniques used are descriptive statistics and panel data. The results of the study partially showed that the capital structure (Debt to Equity Ratio) had a negative effect, financial performance (Return on Assets) had a positive effect, and company growth (Total Asset Growth) did not affect the value of the company.
The Behavioral Finance of MSME in Indonesia: Financial Literacy, Financial Technology (Fintech), and Financial Attitudes Fadilah Siti Rahayu; Asep Risman; Iwan Firdaus; Luna Haningsih
International Journal of Digital Entrepreneurship and Business Vol 4 No 2 (2023): International Journal of Digital Entrepreneurship and Business (IDEB)
Publisher : STIE-JIC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52238/ideb.v4i2.127

Abstract

The study investigates the critical factors affecting financial behavior in Micro, Small, and Medium Enterprises (MSMEs). It analyzes the role of financial literacy, attitudes, and financial technology (Fintech) on financial management behavior among 1.1 million DKI Jakarta MSME stakeholders in 2020 through random sampling. The study reveals that heightened financial literacy positively influences financial management behavior. A solid foundation in financial knowledge, encompassing personal and corporate finance, leads to improved financial practices. This validates theories about cognitive biases, heuristics, and practical financial decision-making. Additionally, it emphasizes the pivotal role of positive financial attitudes in shaping financial management behavior. Stakeholders with constructive attitudes, such as financial self-control and proactive financial approaches, make sound financial decisions. This aligns with theories of planned behavior, which underscore attitudes in guiding future financial actions. Conversely, the influence of financial technology (Fintech) on MSME financial behavior is limited, primarily due to a lack of awareness and understanding among small and micro-enterprise operators regarding Fintech products and services. This study underscores the importance of promoting financial literacy, nurturing positive financial attitudes, and enhancing Fintech awareness among MSMEs. It offers actionable insights for policymakers, financial institutions, and business support organizations, enabling them to bolster MSMEs’ financial knowledge and practices, thereby supporting their role as economic powerhouses.
Pengaruh Likuiditas, Solvabilitas, Profitabilitas, dan Keputusan Investasi Terhadap Nilai Perusahaan Ayu Septyani; Asep Risman
Journal of Fundamental Management (JFM) Vol 4, No 2 (2024): JULI 2024
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jfm.v4i2.20036

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh likuiditas, solvabilitas, profitabilitas dan keputusan investasi terhadap nilai perusahaan pada perusahaan sub sektor periklanan, percetakan & media terhadap nilai perusahaan (Tobin’s Q) yang terdaftar di bursa efek indonesia periode 2016-2021. Teknik pengambilan sampel yang digunakan yaitu perposive sampling dan diperoleh 10 perusahaan dengan periode penelitian selama 6 tahun, sehingga diperoleh 60 data sampel. Metode analisis data dalam penelitian ini adalah analisis regresi data panel dengan menggunakan software eviews 12. Hasil penelitian menunjukkan bahwa variabel Tottal Asset Growth berpengaruh terhadap nilai perusahaan, sedangkan Current Ratio, Debt to Equity Ratio, Return on Asset secara parsial tidak berpengaruh terhadap nilai perusahaan (Tobins Q).
Literature Review : Manajemen Risiko Environmental, Social, And Governance (ESG) Dalam Bisnis Berkelanjutan Agus Cahyo Pamungkas; Asep Risman
Jurnal Doktor Manajemen (JDM) Vol 7, No 2 (2024): SEPTEMBER 2024
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jdm.v7i2.28308

Abstract

Memasuki era globalisasi dan keterbukaan informasi, isu-isu yang terkait lingkungan, sosial, dan tata kelola (Environmental, Social, and Governance - ESG) kini menjadi salah satu perhatian utama di berbagai sektor industri maupun pemerintahan. Perusahaan saat ini semakin menghadapi tekanan untuk melakukan manajemen risiko lingkungan, sosial, dan tata kelola perusahaan (ESG) secara efektif. Keterlibatan investor, tuntutan konsumen yang semakin sadar lingkungan, serta regulasi yang ketat semakin mendorong perusahaan untuk memperhitungkan dampak ESG dalam strategi bisnis mereka. Seiring meningkatnya kesadaran dan permintaan dari investor, banyak perusahaan sekarang menghadapi tekanan untuk mengintegrasikan kriteria ESG ke dalam strategi dan operasional mereka. Tantangan utama dalam pengelolaan risiko ESG adalah kompleksitas dan ketidakpastian yang terkait dengan dampak jangka panjang dari isu-isu ini. Dalam konteks ini, penting bagi perusahaan untuk memahami dan mengelola risiko ESG secara proaktif. Hal ini tidak hanya untuk memenuhi ekspektasi pemangku kepentingan, tetapi juga untuk memastikan keberlanjutan bisnis di masa depan. Metode yang digunakan dalam penelitian ini adalah metode literature review. Teknik di dalam menemukan artikel atau literatur dengan menggunakan pencarian pada database jurnal seperti google scholar, SSRN, research get dan website sejenis lainnya. Kata kunci dalam menemukan artikel yaitu risiko ESG dalam bisnis berkelanjutan (ESG risk in sustainable business). Hasil dari kajian literatur menemukan bahwa manajemen risiko ESG memainkan peran penting dalam memastikan bahwa perusahaan mampu mengenali, mengukur, mengelola, dan memitigasi risiko yang mencangkup dimensi lingkungan, sosial, dan tata kelola.