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All Journal International Journal of Educational Review, Law And Social Sciences (IJERLAS) International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Khaira Amalia Fachrudin
Faculty of Economic and Business Universitas Sumatera Utara
Religion Humanities Economics, Econometrics & Finance Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences Other

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ANALYSIS OF THE INFLUENCE OF PSYCHOLOGICAL, SOCIODEMOGRAPHIC, AND FINANCIAL LITERACY FACTORS ON CHILDREN EDUCATION FUND PLANNING FOR INDONESIAN MILLENIAL PARENTS Agnes Renata Rajagukguk; Khaira Amalia Fachrudin; Amlys Syahputra Silalahi
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 3 No. 3 (2023): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v3i3.936

Abstract

Education is very important for children's future. It is the basic capital for preparing human quality. That is why setting up a children's education fund is one of the most important tasks for parents. However, this is a challenge for millennial parents because of the high cost of education in Indonesia. The purpose of this study is to analyze psychological and sociodemographic factors related to planning children's education funds. This study examined 415 Indonesian millennial parents who were selected by accidental sampling technique and tested using the PLS SEM statistical analysis method. This study uses a 95% confidence level, ???? = 5%. The results of the research on psychological factors namely future time perspective and financial risk tolerance have a positive and significant effect on children education funds planning. Sociodemographic factors namely education has a negative and significant effect on children education funds planning. While sociodemographic factors namely income has a positive but not significant effect on children education funds planning. Future time perspective has a positive and significant impact on financial literacy. Education has a negative and insignificant effect on financial literacy, while income has a positive and not significant effect. Financial literacy has succeeded in mediating the effect of future time perspective on children education funds planning, while financial literacy has not succeeded in mediating the effect of education and income on children education funds planning. While sociodemographic factors namely income has a positive but not significant effect on children education funds planning. Future time perspective has a positive and significant impact on financial literacy. Financial literacy has succeeded in mediating the effect of future time perspective on children education financial planning, while financial literacy has not succeeded in mediating the effect of education and income on children's education financial planning. while income has a positive and not significant effect. Financial literacy has succeeded in mediating the effect of future time perspective on children education funds planning, while financial literacy has not succeeded in mediating the effect of education and income on children education financial planning.
COMPARISON ANALYSIS OF OPTIMAL PORTFOLIO PERFORMANCE ESTABLISHED FROM LQ45 INDEX STOCK WITH MANDIRI MUTUAL MUTUAL FUNDS PORTFOLIO INVESTA EQUITY ASEAN 5 PLUS Ahmad Fuady Hasibuan; Isfenti Sadalia; Khaira Amalia Fachrudin
International Journal of Educational Review, Law And Social Sciences (IJERLAS) Vol. 3 No. 2 (2023): March
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijerlas.v3i2.1050

Abstract

The increase in the number of investors becomes a huge potential to increase the capacity of the capital market. Among the instruments of investment in the stock market, shares are the most frequently traded. The participation of local investors in investing in the capital market cannot be separated from the expectations of profit or return that can be obtained as well as the risks attached to investment instruments. Risks in stock investments can be minimized by reducing them to a minimal point through the process of diversifying stocks by forming a portfolio. This type of research is descriptive research with a quantitative approach. The stock candidate population used in the formation of the Optimal Portfolio is all of the shares classified into the LQ45 Index. While the sample of stock candidates included in the portfolio formation is 41 stocks with purposive sampling technique. The type of data used is secondary data with data collection techniques documentation. In forming the portfolio used the single index model and constant correlation model. While to measure the performance portfolio used measurement scales Sharpe Index, Treynor Index and Jensen Alpha. Based on the performance measures of the Sharpe Index, Treynor Index and Jensen Alpha, the portfolio formed from LQ45 shares using a single index model has lower performance than the portfolio performance formed from LQ45 stock by using a constant correlation model. Based on the Treynor Index performance measure, the portfolio formed from LQ45 stock using a single index model has higher performance than the Mandiri Investa Equity Asean 5 Plus portfolio.
Co-Authors Agnes Renata Rajagukguk Ahmad Fuady Hasibuan Amlys Syahputra Silalahi Isfenti Sadalia