Jurnal Ilmu Keuangan dan Perbankan (JIKA) https://ojs.unikom.ac.id/index.php/jika <table style="height: 464px;" width="703"> <tbody> <tr> <td align="left" valign="top"> <p>&nbsp;</p> </td> <td style="width: 50px;"><img src="/public/site/images/arjuna/1._Cover_JIKA_10_.1_.jpg" width="254" height="359"></td> <td align="left" valign="top"> <p><strong>Jurnal Ilmu Keuangan dan Perbankan (JIKA)&nbsp;</strong>is an academic journal published two times annually (December - June) by the Program of Finance and Banking (Program Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis) Universitas Komputer Indonesia. Jurnal Ilmu Keuangan dan Perbankan in collaboration with Ikatan Sarjana Ekonomi Indonesia (ISEI).</p> <p>This journal publishes original research on multi concepts, theories, perspectives, paradigms, and methodologies in Finance, Banking, and Financial&nbsp; Institutions.</p> <p>Specific topics of interest include (but are not confined&nbsp; to):</p> <ol> <li class="show">Finance</li> <li class="show">Banking Management</li> <li class="show">Management Accounting</li> <li class="show">Business Economics</li> <li class="show">Cooperative Management</li> <li class="show">Insurance Management</li> <li class="show">Other Financial Institutions Management</li> <li class="show">Financial Technology</li> </ol> <p><em>&nbsp;</em><a href="https://issn.brin.go.id/terbit/detail/1546917012" target="_blank" rel="noopener">E-ISSN:&nbsp;2655-9234</a></p> <p>&nbsp;<a href="https://issn.brin.go.id/terbit/detail/1546917012" target="_blank" rel="noopener">P-ISSN:&nbsp;2089-2845</a></p> </td> </tr> </tbody> </table> <p>Any submitted paper will be reviewed by reviewers. The review process employs a double-blind review that the reviewer does not know the identity of the author, and the author does not know the identity of the reviewers.</p> <p><strong>Jurnal Ilmu Keuangan dan Perbankan (JIKA)&nbsp;</strong>indexed by:</p> <p><a href="https://doaj.org/toc/2655-9234?source=%7B%22query%22%3A%7B%22bool%22%3A%7B%22must%22%3A%5B%7B%22terms%22%3A%7B%22index.issn.exact%22%3A%5B%222089-2845%22%2C%222655-9234%22%5D%7D%7D%5D%7D%7D%2C%22size%22%3A100%2C%22sort%22%3A%5B%7B%22created_date%22%3A%7B%22order%22%3A%22desc%22%7D%7D%5D%2C%22_source%22%3A%7B%7D%2C%22track_total_hits%22%3Atrue%7D" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/DOAJ_Jadi.png"></a><a href="https://app.dimensions.ai/discover/publication?or_facet_source_title=jour.1377110" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/dimensions.png"></a><a href="https://scholar.google.co.id/citations?user=v7C80LEAAAAJ&amp;hl=en&amp;authuser=2" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/googlescholar11.png"></a><a href="http://garuda.ristekdikti.go.id/journal/view/14051" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/Garuda.png"></a><a href="https://www.base-search.net/Search/Results?type=all&amp;lookfor=jurnal+ilmu+keuangan+dan+perbankan&amp;ling=1&amp;oaboost=1&amp;name=&amp;thes=&amp;refid=dcresen&amp;newsearch=1" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/Base_(1)2.jpg" width="221" height="77"></a><a href="http://onesearch.id/Search/Results?lookfor=Jurnal+Ilmu+Keuangan+dan+Perbankan&amp;type=AllFields&amp;limit=20&amp;sort=relevance" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/onesearch5.png"></a><a href="https://search.crossref.org/?q=2655-9234&amp;from_ui=yes" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/crossref1.png"></a></p> <p>Since 2019 <strong>Jurnal Ilmu Keuangan dan Perbankan (JIKA)&nbsp;</strong>has been accredited with the level of <strong>SINTA 4&nbsp;</strong></p> <p><a href="https://sinta3.kemdikbud.go.id/journals/profile/5008" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/SINTA_4.jpg" width="222" height="81"></a>&nbsp;&nbsp;</p> <p><strong>Jurnal Ilmu Keuangan dan Perbankan (JIKA)&nbsp;</strong>in collaboration with Ikatan Sarjana Ekonomi Indonesia (ISEI):</p> <p><a href="https://drive.google.com/file/d/13QLrF6z4JZBjyzsXtgLE2oaWJB283ZZO/view?usp=sharing" target="_blank" rel="noopener"><img src="/public/site/images/arjuna/isei-kotak-1024x10241.png" width="164" height="164"></a></p> Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia en-US Jurnal Ilmu Keuangan dan Perbankan (JIKA) 2089-2845 Research Trends in Digital Financial Inclusion: A Bibliometric Analysis using VoSviewer https://ojs.unikom.ac.id/index.php/jika/article/view/12551 <p>Digital financial inclusion (DFI) aims to provide affordable and sustainable financial services to the financially excluded and underserved through cost-effective digital means. This quantitative bibliometric and descriptive research aims to conduct a bibliometric analysis of DFI using VOSviewer software. Data was collected based on the keyword "digital financial inclusion" from Google Scholar. From the results, in 2019 the number of DFI publications increased compared to 2018, indicating an increase in interest. The number remained stable in 2020 and 2021, but there was a significant spike in research interest in 2022. These findings are important for policymakers, researchers, and practitioners to determine the novelty and quantity of the data.</p> Godwin Ahiase Abdurrauf Umar Abdulmalek Marwan M. Saeed Mohammad Abedin Rasuman Epifania Rianti do Rego Tilman Suri ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 185 198 10.34010/jika.v13i2.12551 Do Global Factors Drive Herd Behavior in Asymmetric: Evidence from Indonesia, Malaysia, and Thailand https://ojs.unikom.ac.id/index.php/jika/article/view/12629 <p>The occurrence of several crises in recent decades has led to significant uncertainty in the capital market, potentially fostering tendencies for herd behavior. This conduct may manifest in situations of asymmetry when the market experiences varying conditions (market up and down). Herd behavior in asymmetric can be driven by a variety of global influences, such as the Federal Funds Rate and the world oil price. The aim of this research is to investigate whether herd behavior exists under asymmetric conditions, and to explore the influence of global factors on such behavior within the manufacturing sectors listed in the capital markets of Indonesia, Malaysia, and Thailand using daily closing stock price information from January 2015 to December 2022. This research utilizes a cross-sectional dispersion methodology and incorporates a dummy variable within the standard model to accomplish its research objective. The findings denote that asymmetric herding tendencies are evident solely among manufacturing firms listed on the Indonesian stock market during downturns, contrasting with the absence of such behavior in Malaysia and Thailand during market fluctuations. In Indonesia, global factors do not play a significant role in prompting asymmetric herding, whereas in Malaysia and Thailand, are more influenced by the Federal Funds Rate.</p> <p><strong>Keywords:&nbsp;Asymmetric Herding; Market Up and Down; Federal Funds Rate; World Oil Price; Cross-Sectional Dispersion</strong></p> Gusni Gusni Siti Komariah Suskim Riantani ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 199 210 10.34010/jika.v13i2.12629 Effects of Inflation, Sharia Bank Financing, and Conventional Bank Credit on Gross Regional Domestic Product https://ojs.unikom.ac.id/index.php/jika/article/view/12556 <p>This research aims to know the impact of inflation, conventional BPR loans, and sharia BPR financing on the regional Gross Domestic Product (GDP) of Southern Kalimantan Province. This research uses secondary data (time series) for 2017-2021, collected from the official website of the Southern Kalimantan Statistical Centre and the Financial Services Authority. The study used a double linear regression analysis method using the Eviews-12 application. This study concluded that in part inflation of the region has no impact on the regional GDP, in part conventional BPR loans and sharia BPR financing have a significant positive effect on the regional GDP, and simultaneously the variable inflation, conventional BPR loans and sharia BPR financing has an impact on regional GDP of the Province of Southern Kalimantan.</p> Kartasiah Kartasiah Sri Maulida ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 211 220 10.34010/jika.v13i2.12556 How Students' Use of E-Commerce, E-Money, Financial Literacy, Self-Control, and Lifestyle Affect Their Consumptive Behavior https://ojs.unikom.ac.id/index.php/jika/article/view/12127 <p>Consumptive behavior is the tendency to buy and use goods that are not based on rational considerations. This research aims to examine the influence of e-commerce, e-money, financial literacy, self-control, and lifestyle on the student's online shopping behavior located in the city of Surabaya, East Java. The sample used is 101 undergraduate or diploma students who live in Surabaya with a minimum allowance of IDR 2 million using&nbsp;a purposive sampling technique. The analysis technique used in the research is Partial Least Square (PLS) with the Structural Equation Model (SEM) method using&nbsp; WarpPLS 8.0 software. The results of this research find a mix of positive and negative impacts as well as significant and insignificant impacts from the variables used.&nbsp;This research provides an important contribution to understanding the dynamics of e-commerce, e-money, financial literacy, self-control, and lifestyle on the student's online shopping behavior especially located in the city of Surabaya, East Java.&nbsp;</p> <p>&nbsp;</p> Daniza Alzura Sholikha Oktavi Khalifaturofi'ah ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 221 234 10.34010/jika.v13i2.12127 Factors Impacting Indonesian State-Owned Banks' Ability to Disburse Credit https://ojs.unikom.ac.id/index.php/jika/article/view/12252 <p>This study aims to determine the effect of non-performing loans (NPL) on credit distribution to Indonesian State-Owned Banks listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Non-performing loans (NPL) were used in this study to measure the credit risk given by banks. The descriptive and quantitative research methods were used in this research. The data used is derived from secondary sources, specifically utilizing the financial report of each bank. The subject in this study is limited to each audited financial report&nbsp;of four Indonesian State-Owned Banks listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The research result finds that Non-Performing Loans (NPL) did not have a significant impact on credit distribution in Indonesian State-Owned Banks listed on the Indonesia Stock Exchange (IDX) during the period of 2018 to 2022.&nbsp;This research provides an important contribution to understanding the dynamics of credit disbursing in Indonesian State-Owned Banks listed on the Indonesia Stock Exchange (IDX).</p> Natasya Nuraeni Mari Maryati ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 235 242 10.34010/jika.v13i2.12252 An examination of the effects of Internet banking, CRM, and product excellence on customer loyalty at State-owned Islamic Bank located in Central Java https://ojs.unikom.ac.id/index.php/jika/article/view/12713 <p>This study aims to analyze the significance of product excellence, internet banking, and customer relationship management on customer loyalty at the State-owned Islamic Bank located in Central Java. The population in this study were the customers with the sample used in this study 118 customers were selected using the Simple Random Sampling technique. This research used the Multiple Linear Regression analysis,&nbsp;as well as both partial and simultaneous tests,&nbsp; the Coefficient of Determination test. The results finds that the hypotheses and discussion show that product excellence, internet banking, and customer relationship management have a positive and significant effect on loyalty at the State-owned Islamic Bank located in Central Java both partially and simultaneously.</p> Hindun Mutiara Romadhon Mustika Widowati Siti Hasanah ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 243 256 10.34010/jika.v13i2.12713 Artificial Intelligence in Financial Reports: How It Affects the Process's Effectiveness and Efficiency https://ojs.unikom.ac.id/index.php/jika/article/view/12730 <p>In today's digital age, artificial intelligence (AI) has revolutionized many sectors, including auditing and finance, with the potential to improve the efficiency and effectiveness of the audit process. However, there is limited understanding of the impact of AI implementation on financial statement transparency and external auditor reputation. This study aims to fill that knowledge gap by exploring how AI can strengthen financial statement transparency and enhance auditor reputation. The methodology used is descriptive-analytical with an empirical normative approach, collecting data through literature review and documentation. The results finds that the integration of AI in auditing significantly improves financial statement transparency, facilitates auditors in conducting more in-depth and accurate analyses, and potentially enhances the reputation of external auditors in the eyes of stakeholders. The findings confirm that AI not only improves the efficiency of the audit process but also plays a strategic role in building trust and integrity in financial reporting. The implications of this research are significant in demonstrating the importance of adapting the latest technologies to meet and exceed evolving financial and reputational expectations in the digital age.</p> Zakaria Kuswara Marsel Pasaribu Fitriana Fitriana Rachmat Agus Santoso ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 257 272 10.34010/jika.v13i2.12730 How Do Asymmetric Information and Financial Factors Influence Earnings Management? https://ojs.unikom.ac.id/index.php/jika/article/view/12554 <table width="100%"> <tbody> <tr> <td width="100%"> <p>The purpose of this study is to analyze the influence of information asymmetry, deferred tax assets, deferred tax expenses, free cash flow, and investment opportunities set on earnings management practices in consumer service sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2017-2021. This research uses a descriptive and verificative method with a population of&nbsp; 47 companies. Through the purposive sampling technique, this research selects 22 companies for the period 2017-2021, resulting in a total of 110 observation data. The analysis method used is Panel Data Regression, which involves stages of classic assumption, model estimation, and model selection testing, as well as the coefficient of determination, and hypothesis testing. The partial testing results show that all observed variables have a positive and significant impact on earnings management practices. This research provides an important contribution to understanding the dynamics of earnings management practices in the context of the consumer service industry in Indonesia.</p> </td> </tr> </tbody> </table> Amir Hamzah Hilda Nopiyanti ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 273 286 10.34010/jika.v13i2.12554 How Millennials Assess The Usability of E-Wallets https://ojs.unikom.ac.id/index.php/jika/article/view/12526 <p>This study investigates the impact of internet and technological advancements on millennials (born between 1981 and 2000), particularly focusing on their adoption of digital payment systems, notably the DANA platform. It examines whether millennial satisfaction with digital payment services, amidst FOMO trends, influences their loyalty to the platform. This research utilizes quantitative methods and Smart PLS for analysis with 108 millennial participants, emphasizing gender distribution and age range. The results indicate a significant correlation between electronic satisfaction (E-satisfaction) and electronic loyalty (E-Loyalty) among users, suggesting that higher satisfaction leads to increased loyalty. These findings highlight the platform's sustainability amid evolving millennial behaviors and FOMO trends, offering valuable insights into consumer dynamics and digital payment platforms' success.</p> Ina Kartika Wati A M Soma Heri Ispriyahadi ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 287 302 10.34010/jika.v13i2.12526 Islamic Economic Law Review: Application of Khiyar Rights to Brick Purchases https://ojs.unikom.ac.id/index.php/jika/article/view/12750 <p>This type of field research aims to determine the application of Khiyar rights to the practice of brick purchasing in the frame of Islamic Economic law. The method used is the descriptive method to excavate the application of <em>Khiyar</em> Rights in buying and selling bricks in Teluk Village, Secanggang District in North Sumatera. The research results show that buying and selling bricks is carried out by ordering (Bai As-salam) directly from the brick traders. Thus, this research finds that&nbsp;both <em>Khiyar Syarat</em> and&nbsp;<em>Khiyar Aib&nbsp;</em>have not properly implemented according to fiqh and the Compilations of Islamic Economic Law (<em>Kompilasi Hukum Ekonomi Islam/KHES</em>).<em>&nbsp;</em>This research&nbsp;makes a significant addition to our comprehension of the dynamics implementation of&nbsp;<em>Khiyar</em> Rights in accordance to the&nbsp;Compilations of Islamic Economic Law.</p> Aswin Fahmi Darma Rizki Aseandi Safaruddin Munthe ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 303 310 10.34010/jika.v13i2.12750 Value at Risk Evaluation of Defined Contribution and Defined Benefit Pension Plans https://ojs.unikom.ac.id/index.php/jika/article/view/12689 <p>Pension funds such as the Defined Benefit Pension Program (DBPP) and the Defined Contribution Pension Program (DCPP) have risks that need to be managed carefully. Previous research has looked at VaR in other contexts, but no one has specifically discussed VaR in pension funds, especially DBPP and DCPP. The main objective of this research is to determine the VaR value for the two pension programs and analyze the risk differences between DBPP and DCPP. The method used is VaR measurement with Monte Carlo simulation based on data from January 2015 to July 2023. The research results obtained from these measurements show that DBPP provides the largest potential maximum loss (VaR) value for the next 1 month period compared to DCPP.</p> Alya Fadilah Andini Setyo Anggraeni Widya Reza ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 311 324 10.34010/jika.v13i2.12689 Market Anomalies: January Effect and Weekend Effect on Stock Return https://ojs.unikom.ac.id/index.php/jika/article/view/12783 <p>Every investor will always expect a return from their investment and can take advantage of seasonal or calendar anomalies to get the expected return. Seasonal or calendar anomalies are measured using the January Effect and Weekend Effect to determine the pattern of stock price movements. This study aims to examine the effect of the January Effect and Weekend Effect on stock returns. The population used is the LQ45 index which consists of 45 companies. The sample used was 17 companies selected through the purposive sampling technique. The data analysis method used is descriptive statistical analysis and multiple linear regression models. The results showed that stock returns in January showed a negative value, indicating that the January Effect did not affect stock returns. Stock returns show a positive value on Friday compared to other trading days which indicates the Weekend Effect has an effect on stock returns. Together, the January Effect and Weekend Effect influence LQ45 stock returns on the IDX.</p> <p>Keywords: January Effect; Weekend Effect; Return; Investment; Public Information</p> Rosidatul Jannah Nur Hidayat ##submission.copyrightStatement## 2024-06-27 2024-06-27 13 2 325 334 10.34010/jika.v13i2.12783