JRMSI - Jurnal Riset Manajemen Sains Indonesia

THE SIGNIFICANT ROLE OF FINTECH IN EMPOWERING STUDENTS IN THE DIGITAL ERA: AN ANALYSIS WITHIN THE CONTEXT OF DIGITAL FINANCIAL TRANSFORMATION

Mita Soviatri, Rismawati — Mon, 01 Apr 2024 00:00:00 +0700

The aim of this study is to delve into the extent to which students at Muhammadiyah University Palopo comprehend and exhibit interest in fintech, and to investigate the role of Financial Technology (Fintech) in empowering students in the digital era through digital financial transformation. This research adopts a quantitative approach, utilizing primary data, with the study population targeted towards users of Financial Technology (Fintech) services, specifically students enrolled in the Faculty of Economics and Business, Management Program, at Muhammadiyah University Palopo, encompassing approximately 133 individuals, determined using the Slovin formula. This research analysis was conducted using multiple linear regression with the data processing tool, SPSS version 26 (Statistical Product and Service Solutions). The results indicate that Fintech has a positive and significant influence on student empowerment. However, Digital Financial Transformation in this study did not exert a significant influence on student empowerment. This suggests that, within the context of this research, Digital Financial Transformation does not have a noteworthy impact on enhancing student empowerment.

EMPIRICAL INSIGHTS INTO THE INFLUENCE OF FINANCIAL DEVELOPMENT ON CAPITAL MARKETS IN SOUTHEAST ASIA

Nikolas Samosir, Berto Usman — Mon, 01 Apr 2024 00:00:00 +0700

The rise of capital markets around the world has paved the way for new research on the relationship between financial development and capital market performance. This becomes relevant as capital markets are now more accessible to foreign capital flows as a result of economic liberalization and globalization. Therefore, this study intends to provide empirical evidence of the impact of financial development proxied by three parts, namely financial access, financial efficiency and financial stability based on critical mass theory. Operationally, this study uses a sample of 6 countries in ASEAN with an annual observation period from 2007 to 2022. With the characteristics and structure of panel data, this study uses panel regression analysis with a total data of 672 observations (country-years). The analysis used also applies a fixed-effects model (FEM) at the country (Country-FE) and year (Year-FE) levels. The results show that there is a positive association between financial access and capital market performance, a negative association between financial efficiency and capital market performance, and a positive association between financial stability and capital market performance.

THE INFLUENCE OF JOB SATISFACTION AND WORK DISCIPLINE ON WORK MOTIVATION IN BAPPEDA EMPLOYEES OF JAMBI CITY

Yulia Dwi Kartika — Mon, 01 Apr 2024 00:00:00 +0700

This study examines how job satisfaction and work ethic affect employees of Jambi City Bappeda's motivation to work hard. Using saturated sampling or a census as the sampling method, this study used a quantitative approach with a sample size of 70 participants. Using SPSS software version 25, several linear regression analysis approaches were used to the research data. The findings indicated that the variables of job satisfaction and work discipline both partially and simultaneously had a positive and substantial effect on work motivation, with job satisfaction serving as the most important independent variable in this relationship.

HERDING BEHAVIOR IN FINANCIAL MARKET – SYSTEMATIC LITERATURE REVIEW

Bintang Sibarani — Mon, 01 Apr 2024 00:00:00 +0700

The aim of this research is to present a comprehensive theoretical analysis and provide concrete empirical support pertaining to the phenomenon of herding behavior within financial markets. The current paper can be classified as a literature review, which employed data collection techniques through an extensive survey of existing literature. The body of knowledge accumulated over a span of more than twenty years, consisting of both empirical investigations and theoretical inquiries, has yielded significant insights into the intricate nature of investor herding behavior. However, it is important to acknowledge that the author possesses relatively limited knowledge regarding markets other than capital markets, thereby presenting a constraint in terms of exploring the complexities associated with shifting behavior patterns. Furthermore, the available evidence concerning the existence of following behavior is not particularly compelling. Consequently, this paper advocates for the development and application of an empirical methodology that can effectively address these aforementioned limitations and offer a comprehensive evaluation of herding behavior. Additionally, this study critically examines recent empirical findings in order to identify areas that remain unexplored and require further investigation in future research endeavors.

THE ANALYSIS OF SERVICES MARKETING MIX ON STUDENTS' DECISIONS IN CHOOSING UNIVERSITAS MUHAMMADIYAH SIDOARJO

Rizky Febriansah — Mon, 01 Apr 2024 00:00:00 +0700

In a highly competitive market, companies and service providers, especially those in higher education, may experience frequent shifts in consumer preference. The marketing mix strategy of the 7Ps, which consists of promotion, product, place, price, people, process, and physical evidence, can have a significant impact on a student's decision to choose a university. This study used a descriptive quantitative research method, utilizing a Likert scale survey distributed to 89 respondents. The survey measured variables such as promotion, product, location, price, people, process, and physical evidence. Multiple regression analysis was conducted, and the F-test and t-test were used with a 90% confidence level and a value of ὰ = 0.05. The regression coefficient of determination revealed that the independent variables explained 68.7% of the dependent variable (student decision). The variable of people had the highest value of 0.689 on the standardized coefficient, making it the most influential among the independent variables. The study concluded that the 7P marketing mix variables, particularly promotion, product, location, people, and physical evidence, positively and significantly impact a student's decision to choose Universitas Muhammadiyah Sidoarjo.

BIG DATA ANALYSIS IN HUMAN RESOURCES DECISION MAKING: OPTIMIZING WORKFORCE MANAGEMENT

Heliana; Herpita Wahyuni — Mon, 01 Apr 2024 00:00:00 +0700

This research aims to conduct an in-depth analysis of the application of Big Data in human resource decision-making, focusing on optimizing workforce management. By measuring four main variables, namely recruitment efficiency, accuracy of employee selection, employee development, and organizational performance based on HR decision-making—Big Data analysis is expected to provide a deeper understanding of workforce dynamics. The research results show that applying Big Data can build recruitment efficiency, increase the accuracy of employee selection, support more appropriate employee development, and ultimately improve overall organizational performance. Big Data makes organizational performance based on HR decision-making by providing a solid foundation for more effective human resource management strategies. This research uses qualitative methods with the help of the NVivo 12 Plus tool to identify research results. Implementing Big Data in various aspects of human resource management is recognized as a catalyst for positive change in workforce management.

E-HRM USE ON ORGANIZATIONAL PERFORMANCE: A MEDIATION ANALYSIS

Oloan Situmorang, Mishel — Mon, 01 Apr 2024 00:00:00 +0700

People are the most important resource in an organization, agency or company without the human aspect it is difficult for the organization to carry out its mission and objectives. It can also be said that the human factor does not have the karma of the actors or objects that an organization wants to target. The aim of this study was to analyze the influence of e-HRM on organizational performance mediated by employee performance and job satisfaction in PT. Fida Sukses Prosper directly or indirectly. PT. Fida Sukses Makmur is a company engaged in the trade of agricultural products such as garlic, onions, beans and other agricultural products. From the success already achieved, it is not independent of the use of e-HRM that can affect the performance of the organization. This study used data derived from 44 respondents from the results of the dissemination of questionnaires. This study was included in quantitative research using tests conducted in this study were outer model test, inner model test as well as hypothesis testing with SmartPLS 3. The results of this study prove that E-HRM has a positive and significant influence on organizational performance by mediating employee performance and job satisfaction.

EXPLORATORY STUDY OF WOMEN MANAGERS’S CAREER DEVELOPMENT IN MINING INDUSTRY: CHALLENGES, SUPPORT, AND STRATEGIES BEHIND IT

Sulthan Naufal Rabbani — Mon, 01 Apr 2024 00:00:00 +0700

The increase of women manager each year coexist with the low percentage compared to their male couneterparts caused by the challenges in their career development in the form of glass ceiling phenomenon, resulting in underrepresentative of women in strategic position in minings’s oil and gas company, which is a male dominated industry. This research explores the experiences of 6 women managers’s career advancement by conducting an in-depth interview. Using thematic analysis, this research found that women managers in oil and gas encounter challenges from their personal life and external matters, receive support from their partners and external side, and implement strategy relating to oneself and their external environment. This research also found the views regarding the figure of professional female workers in the mining industry are seen as the basis for female worker to compete in this industry. This research fills the gap in literature which discusses glass ceiling in male dominated industry, specifically in the perspective of women managers and their experience in career development process. The findings could serve as reference for employer in order to create gender-friendly and gender-neutral policy and to open many other possibilities for women in order to have an equal opportunity to serve in strategic positions.

TRACING THE MEANING OF RASTRA SEWAKOTTAMA'S PHILOSOPHY AS A TOOL FOR CONTROLLING VIOLATIONS IN POLICE MANAGEMENT (STUDY AT PALOPO CITY POLICE STATION)

Syamsul Bahri, Salju, Rismawati — Mon, 01 Apr 2024 00:00:00 +0700

This study aims to reveal the meaning of Rasta Sewakottama in human resource management at Palopo City Police Station. Using qualitative phenomenological methods, this research found that to improve organizational performance, reduce violations of laws and violations of the code of ethics required collective awareness, a sense of responsibility, respect for differences and self-development. This can be achieved optimally by the example of the leader and the ability of the Human Resources unit to place personnel. Formation is done through weekly activities such as spiritual guidance and counseling. In addition, optimization of information systems is used by the National Police to monitor the performance of each personnel. The meaning of the philosophy of Rasta Sewakottama according to the Palopo City Police Chief is the deepest awareness of all police members to carry out state duties as guardians of public order and security. Through this personal awareness, the potential for violating the code of ethics and other violations of the law can be minimized.

THE ROLE OF BUSINESS MODEL CANVAS (BMC) IN DIGITAL ENTREPRENEURSHIP ON STUDENTS' INTEREST IN INDONESIA

Mon, 01 Apr 2024 00:00:00 +0700

Unemployment of the productive age population is a big challenge for Indonesia entering the era of free markets and global competition. Creating young entrepreneurs is a solution that can be done to strengthen economic growth. Indonesia produces 700 thousand graduates annually, but many Indonesian students show limited interest in entrepreneurship. A lack of understanding of entrepreneurship makes students more likely to find jobs than create jobs. This research aims to provide an understanding to students regarding the importance of entrepreneurship and stimulate the growth of an entrepreneurial mindset among them. This is achieved by introducing and understanding in depth the Business Model Canvas (BMC), so that students can start and run businesses, so as to be able to transform them into job creators. The research method used is a causal / explanatory survey, using primary data collected through participatory observation, interviews, and questionnaires distributed to selected public and private universities in Indonesia using convenience / accidental sampling techniques. The questionnaire was distributed to a total of 200 respondents, in accordance with the minimum sample size requirements for the Structural Equation Modeling (SEM) analysis technique, using LISREL software version 8.8. The findings of this study show that customer segments, value proportions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structures are able to increase entrepreneurial interest. Business Model Canvas (BMC) effectively increases students' understanding of entrepreneurship. BMC's simplicity in mapping and presenting business models makes it an effective tool to deepen business understanding. However, BMC is not an instant tool that can necessarily improve students' entrepreneurial mindset. Understanding BMC is the same as other sciences that cannot be taught in a short time and requires a process to learn it. The timeframe available in the study was very short and did not meet the requirements to cultivate a mindset that was truly expected to prepare students to engage fully as entrepreneurs.