Financial Income Research Articles

Analisis Pengaruh Literasi Keuangan, Perilaku Keuangan, dan Pendapatan Terhadap Minat Keputusan Berinvestasi

This research aims to analyze the effect of financial literacy, responsible financial behavior, and income on the intention of investment decisions by applying the theory of planned behavior and the theory of behavioral finance. The samples in this research involve university students in Malang, including 100 respondents selected through the purposive sampling method. The data from respondents are collected through a survey utilizing questionnaires, and analyzed by multiple regression. The results exhibited that financial literacy and income had a positive effect on the intention of investment decisions, which corresponds to the hypotheses. However, responsible financial behavior did not affect the intention of investment decisions.

Digital financial inclusion and income inequality in WAEMU: What causality for what heterogeneity?

Digital financial inclusion and income inequality in WAEMU: What causality for what heterogeneity?

ANALISIS DETEKSI FRAUD LAPORAN KEUANGAN DENGAN METODE BENEISH M-SCORE (STUDI KASUS PT BANK TABUNGAN NEGARA PERSERO TBK)

The financial statements present important disclosures in maintaining the quality of the capital market also explain the current state of the company and its going concern in the future. However, many financial reports are disclosed as misstatements due to manipulation, falsification, and fraud by changing the value and financial information. Self-detection of financial statement fraud is an important matter that must be prioritized. This study uses the Beneish M-Score model to detect potential manipulation of annual financial reports with case study in PT Bank Tabungan Negara (BTn) Persero Tbk for the 2017-2019 book year.
 Based on the results of data processing, the M-Score value of the company’s financial statement in 2017, 2018, and 2019 respectively was -2,16; -2,20; and -1,87. Those value were greater than the reference value was -2,22. So it can be concluded that based on this model there was potential for manipulation in PT BTN Persero Tbk’s financial statements. The Beneish M-Score model is used to detect potential financial statement fraud or income manipulation in the company’s financial statements. Moreover this model is very useful for shareholders, investors, and creditors to examine the fairness of company’s financial statement. 
 Keywords : Beneish M-Score, Fraud, Financial Statement, Bank BTN Persero Tbk

Pengoptimalan Potensi UMKM Pasca Covid 19 di Wilayah Kelurahan Kauman Kecamatan Prajurit Kulon Kota Mojokerto

Community service activities during the post-Covid 19 pandemic focused on MSMEs in the Kauman Village area, Warrior Kulon District, Mojokerto City who were affected by the Covid 19 event. Community service activities were carried out as a form of concern for MSMEs who lost income due to the Covid 19 pandemic. Community service activities were carried out as a forum to provide assistance in the form of knowledge to the community, especially MSMEs. This community outreach activity was carried out by several lecturers and students at the University of Mayjen Sungkono Mojokerto. This training was attended by 15 MSMEs in the Kauman sub-district, Soldier Kulon sub-district, Mojokerto City. The implementation of community service activities is carried out for approximately 8 hours. MSMEs can optimize sales and get additional income for post-covid 19 financial income, by providing training starting from the start of production, packaging, taking product photos and digital marketing by using and following current technological developments such as websites. In addition, this activity was also carried out to build good relations between the surrounding community and the University of Mayjen Sungkono Mojokerto.

BASIC REQUIRED PROGRAM OF COMPACT HOUSE FOR ELDERLY WITH LOW INCOME

This paper aims to develop basic designs of compact houses for older persons with low income in Thailand. Due to their low financial income, most Thai senior citizens end up in old, dilapidated houses with environment risks for falling or other serious accidents. In this work, a compact house was designed using the universal design concept to improve the quality of life for the elderly. There are three main areas in the house design: sleeping area, utility area, and bathroom, with a total area of approximately 17.6 sq.m. for a one-person residence. The house design is based on data collected through a questionnaire and field survey with more than one thousand participants. The result showed that the living pattern of Thai older persons are mostly similar. The sleeping and utility areas are shared, and in some cases, utility areas are also used for other purposes such as working and food preparation. Home improvement for Thai elderly people must also concern three aspects which are 1) community technology, 2) determination of space utilization (zoning), and 3) size. It was found that international standards can be slightly adapted to suit the locals’ behaviors, physiques, both in natural and social contexts. This paper would be beneficial for architects, designers, or anyone who interacts with house owners on their residential preference. Policy maker may use this as a basis for the cost analysis of house improvement policy for older persons in the future.

Pengaruh financial literacy, locus of control, income, hedonism lifestyle dan optimism terhadap financial behavior generasi milenial

The existence of the Covid-19 outbreak in 2019 made people have a habit of shopping online through marketplace platforms, which made people have very consumptive and apprehensive financial behavior. This study aims to identify and analyze the influence of financial literacy, locus of control, income, hedonism lifestyle, and optimism on financial behavior. The object of this study is the millennial generation with an age range of 26-41 years who live in Surabaya and who are already working and have income. The research method used is the quantitative research method with multiple linear regression analysis. The number of samples collected was 220 respondents using purposive sampling by distributing questionnaires online. Based on the t-test, the results showed a partial influence between locus of control, hedonism lifestyle, and optimism on financial behavior. However, there is no influence between financial literacy and income on financial behavior. Therefore, the millennial generation needs to increase self-control and a sense of optimism and reduce their hedonic lifestyle so that they can manage their finances properly and wisely according to their needs. Therefore the millennial generation in Surabaya is expected to improve their locus of control and optimism in themselves so that they can manage finances wisely by controlling their finances so that he does not have a hedonistic lifestyle that worsens financial management.

Financial development, income inequality, and institutional quality: A multi-dimensional analysis

Financial development, income inequality, and institutional quality: A multi-dimensional analysis

Prevalence and Predictive Factors of Compassion Fatigue among Healthcare Workers in Saudi Arabia: Implications for Well-Being and Support.

Compassion fatigue (CF) poses significant challenges to healthcare workers' (HCWs) well-being. This study aimed to estimate the prevalence of CF and identify its predictive factors among HCWs in all regions of Saudi Arabia (SA). As such, all HCWs from different disciplines in different centers were allowed to participate, resulting in 678 participants. The study tool, distributed between October 2022 and January 2023, consisted of a questionnaire created by the authors based on the Professional Quality of Life Scale (ProQOL). The ProQOL measures the positive (compassion satisfaction [CS]) and negative (CF) effects of helping those who have suffered, noting that burnout (BO) and secondary traumatic stress (STS) are the two subscales that constitute CF. Our findings revealed that 63.9% of HCWs experienced average STS, while 57.2% reported average BO levels. HCWs in the southern and northern regions exhibited higher STS (p-value = 0.003 and 0.010, respectively). Physicians displayed higher BO levels (p-value = 0.024). Higher levels of CS were found among older HCWs (p-value = 0.001) and lower levels among those with more years of experience (p-value = 0.004). Support at work and job, life, and financial income satisfaction were significantly and positively correlated with CS and negatively correlated with BO and STS. These findings highlight the need for tailored awareness campaigns targeting HCWs, particularly physicians, to promote well-being, enhance coping skills, and foster problem-solving techniques. Keywords: burnout; compassion fatigue; compassion satisfaction; healthcare workers; professional quality of life; Saudi Arabia; secondary traumatic stress; medical trainees' well-being.

Resilience, art activities, and income of artists in a low-to-middle-income country during the COVID-19 pandemic

This study examined the experienced impact of the COVID-19 pandemic on the resilience, art activities, and income among performance and visual artists in a low- to middle-income country, including the relationship between resilience and art activities. Practicing artists in South Africa with a tertiary qualification in visual or performance art were recruited through social media platforms. Amid the pandemic, 109 participants completed a questionnaire that incorporated the Connor-Davidson Resilience Scale, income variables before and during the pandemic, 26 art activity items that captured the experienced impact of the pandemic on their commitment, productivity, social connection and engagement, financial implications, and changes in their art activities. The results revealed that the resilience of participants decreased significantly during the pandemic (t-test = 7.631; p < 0.001), whereas no relationship was found between resilience preceding the pandemic and changes in art activities. Higher resilience scores during the pandemic were associated with being more productive (β = 0.244, t = 2.56, p = 0.012), stimulated in commitment (β = 0.263, t = 2.796, p = 0.006), and less inhibited (β = −0.552 – −0.541, t = −6.749 − −6.594, p < 0.001) in art activities. The income of participants decreased significantly during the pandemic (Fisher’s exact test = 98.193; p < 0.001), causing apprehension in art activities, especially for those who were less resilient (β = −0.306, t = −3.314, p < 0.001), and the situation was compounded by being self-employed (p = 0.003). Despite decreased resilience and loss of financial income during the pandemic, participating artists in South Africa explored new ways of doing their art, were stimulated in their commitment, and sought social connections in their art activities.

Exploring the Factors Shaping Investment Decisions

This study aims to examine the effect of financial literacy and income on investment decisions mediated by financial behavior. This study uses secondary data by distributing questionnaires to lecturers at the Faculty of Economics and Business, Jambi University. The data is processed using the smart PLS application to test the effect of each variable. The results of this study found that financial literacy and financial behavior have a significant positive effect on investment decisions, and income has a negative effect on investment decisions. Financial literacy has a significant positive effect on financial behavior, income has a non-significant positive effect on financial behavior. The financial treatment variable can mediate the relationship between financial literacy and investment decisions

Unfolding emotions for creating happiness and quality of life in Malaysia's low‐income community using text mining

AbstractDetermining the true reasons for happiness that exist in different social groups is important, especially in the case of those groups where poverty strongly dominates people's well‐being and happiness. To understand the factors that determine happiness among poor communities, this study collected data in the form of 1,793 responses from low‐income communities, who constitute 40% of Malaysia's workforce. To ascertain the feelings and emotional responses of the target group, primary source data were collected based on a questionnaire survey utilising the Lokman Emotion Importance Quadrant (LEIQ™) model. The data were analysed using text mining techniques based on R‐Language software. According to the findings, happiness in Malaysian low‐income communities is primarily shaped by concerns about family matters such as success, care issues, education and so on. Interestingly, government financial support, money, income and work matters are only fifth in importance, and lastly, the least emphasis was put on the public transportation issue. To ensure the true happiness and wellbeing of people who are struggling financially, policymakers must provide not only financial assistance but also ensure a better future for their families: better healthcare, better incomes, keeping a roof over their heads, etc. This study will be useful to the government, development agencies, NGOs, international organisations and other stakeholders wanting to realise the United Nations' Sustainable Development Goals (SDGs) in Malaysia and similarly affected countries. Please refer to the Supplementary Material section to find this article's Community and Social Impact Statement.

An analysis of controlled foreign company (CFC) rules of Mauritius; a comparative study with the UK and US

PurposeNumerous policies are established in Mauritius to attract foreign direct investment, but at the same time, severe concerns were raised concerning the erosion of Mauritian tax base, which is witnessed by the decrease in the percentage of tax revenue to gross domestic product in recent years. To avoid these issues, in 2019, the Mauritian legislator has domesticated the Organisation for Economic Co-operation and Development (OECD) BEPS 2013 Action 3 on controlled foreign company (CFC) in its income tax legislation. As such, the purpose of this study is to critically assess the implications of CFC rules of Mauritius to reduce tax avoidance in the light of international tax competition.Design/methodology/approachTo achieve the research objective, this study will adopt a black letter approach by analysing the rules and regulations of various jurisdiction as well as international standards on CFCs and other tax avoidance legal provisions. A comparative analysis will be conducted between Mauritian laws on CFCs and the corresponding legislation of the UK and the USA, which are selected to assess the developed world’s position on strict CFC rules.FindingsA hasty implementation of CFC rules leads to various complexities like interpretation issues and diminishing the competitiveness of the country to multinationals. In this respect, there is the risk of a trade-off between tax collected and foreign direct investment in the country. Consequently, the research recommends that Mauritius reforms its CFC legislation by extending the scope of tax exemptions for intra-group financing income, for the first year of CFC’s operation with the possibility of offsetting foreign taxes and for the Mauritius Revenue Authority to establish detailed guidelines on the determination of CFC income and its attribution for tax purposes in Mauritius.Originality/valueExisting literature has to a great extent focused on the role of CFC rules as a tax avoidance measure and on the divergence or convergence between domestic CFC legislation against the OECD recommendations (Dourado, 2015; Xu, 2018; Beebeejaun et al., 2023). However, limited literature is available on the evaluation of the purpose of CFC rules enacted by a developing country being Mauritius in the context of the global competitive market, to which this research aims at filling the gap.

The Effect Of Financial Literacy And Income To Financial Behavior Through Lifestyle On Millennial Members Of Prima Danarta Credit Union

This research is a quantitative study which aims to analyze the effect of financial literacy and income on financial behavior through lifestyle as an intervening variable. The population of 958 correspondents are millennial members of Credit Union Prima Danarta spread across four cities, Surabaya, Semarang, Jember, Magelang and who already have income. A sample of 283 correspondents was determined based on the slovin formula. The method of collecting data with an accidental sampling system uses a research instrument in the form of a questionnaire. The analysis technique used is instrument testing including validity and reliability tests, classical assumption tests including normality, collinearity and heteroscedasticity tests, data analysis includes multiple linear regression using SPSS version 25 software, path analysis and is strengthened by the sobel test. The results of the study show that Financial Literacy influences Lifestyle with a path coefficient value of 0.156, Income influences Lifestyle with a path coefficient value of 0.179, Financial Literacy influences Financial Behavior with a path coefficient value of 0.490, Income influences Financial Behavior with a coefficient value path of 0.297 and Lifestyle as an intervening variable has no effect on Financial Behavior with a path coefficient value of 0.048.

Financial Inclusion, Poverty, and Income Inequality in ASEAN Countries: Does Financial Innovation Matter?

Financial Inclusion, Poverty, and Income Inequality in ASEAN Countries: Does Financial Innovation Matter?

Financial development, economic growth, and income inequality: a Toda-Yamamoto panel causality test

This paper examines the causality between financial development, economic growth, and income inequality using panel data for 23 European Union countries over the period 1987-2017. The empirical study employs a trivariate setting of Granger non-causality test of heterogeneous panels adopting the Toda and Yamamoto approach using several proxies of financial development capturing different dimensions of the banking system and stock markets. The findings suggest mixed evidence for the causality direction between financial development and economic growth and financial development and income inequality. In addition, the results support bidirectional causality between economic growth and inequality and one-way causality from inequality to growth. The policymakers can focus primarily on economic growth to raise the demand for financial services and encourage income distribution.

The Influence of Financial Literacy and Financial Interest on The Financial risk Tolerance of Investor in Indonesia

Objective: This study examines the effect of financial literacy and interest on financial risk tolerance. This research is to find out investors' knowledge in investment and also to find out whether investors keep up with news about investment so that it affects the purchase of financial products. Theoretical framework: Every decision that investors make involves financial risk. The amount of tolerance that develops is a critical factor influencing investment decisions and the usage of funds in the capital market. Financial literacy plays a role in demonstrating investor behavior while making investment selections, which might influence financial risk tolerance results. Financial interest indicates how much investors want to be involved in investing. Thus it is vital to understand how much financial risk particular investors are willing to accept. Demographic and socioeconomic variables are investor personality features that can make each investor stand out while making investing decisions. Methods: This research uses a quantitative approach by distributing questionnaires to a sample of experienced investors in Indonesia. Primary data for the study and analysis is collected through a structured questionnaire. The total number of respondents in this study was 184 eligible respondents.Financial risk tolerance as the dependent variable is influenced by independent variables, namely financial literacy and financial interest. There are control variables, namely demographic and social-economic characteristics like age and income. The analysis method used is Structural Equation Modeling analysis. Result & Conclusion: The results are that financial literacy does not affect financial risk tolerance, financial interest affects financial risk tolerance, and age and income do not affect financial risk tolerance. These results show that every investor's interest in emerging news can help investors in choosing investments and planning finances Implications of the research: Based on the results of the research and discussion that has been carried out, financial literacy, age, and income do not affect the financial risk tolerance of individual investors in Indonesia. In contrast, financial interest has a significant positive effect on the financial risk tolerance of individual investors in Indonesia. Future research can investigate investor personality and investor interest in financial well-being. Originality/value: Research on financial behavior is new in Indonesia, especially during a pandemic when many investors in Indonesia are jumping on the financial investment bandwagon. For this reason, this research has originality value in terms of knowing the demographics of Indonesian investors, financial literacy, and financial interest in financial risk tolerance.

Financial Nexus: Empirical Analysis of Knowledge, Income, and Behavior

This study investigates the relationship between financial knowledge, financial experience, income, lifestyle, and the financial behavior of employees in a financial institution. A sample of 37 employees from PT. Pegadaian CP Mega Legenda Batam was utilized. The research employed a saturated sample method, and validity and reliability tests were conducted for instrument trials. The findings indicate that financial knowledge exerts a positive and significant influence on financial behavior, while financial experience, income, and lifestyle do not individually impact financial behavior significantly. Moreover, when considered collectively, financial knowledge, financial experience, income, and lifestyle collectively exhibit a positive impact on financial behavior. These variables collectively account for 41.8% of the variance in financial behavior, with the remaining 58.2% attributed to unexamined factors. This study provides insights into the complex relationship between employee characteristics and financial behavior, highlighting the need for targeted interventions to enhance financial literacy and decision-making among employees, thereby fostering improved financial well-being.
 Highlights:
 
 Financial knowledge positively influences employee financial behavior.
 Financial experience, income, and lifestyle do not significantly affect financial behavior individually.
 Collectively, financial knowledge, experience, income, and lifestyle have a positive impact on financial behavior.
 
 Keywords: Financial Knowledge, Financial Experience, Income, Lifestyle, Financial Behavior.

PENGARUH LITERASI KEUANGAN, GAYA HIDUP, DAN PENDAPATAN TERHADAP KKEMAMPUAN PENGELOLAAN KEUANGAN PRIBADI MAHASISWA GENERASI Z

The current era of globalization has brought improvements and economic growth throughout the world, including Indonesia which has an impact on people's financial behavior in meeting their needs. Individuals must be able to manage their finances carefully in order to make the right and efficient decisions in the use or allocation of funds they have. This study aims to find out how financial literacy, lifestyle, and income influence the personal financial management ability of Z generation students which will be carried out on Unmas Denpasar students. The samples of this study are 91 students of Universitas Mahasarsawati Denpasar, Faculty of Economics and Business, Management Study Program, class of 2019, which were taken using a saturated sampling technique. The data analysis technique used in this study is multiple linear regression analysis. The results of this study indicate that financial literacy, lifestyle, and income have a positive and significant effect on the personal financial management ability of Z generation students

Influence of social media and corrected smile photographs in patients with malocclusion

The increased use of social networking sites, such as Instagram (Meta Platforms, Menlo Park, Calif), has been silently affecting facial satisfaction among patients. However, the potential of Instagram to motivate participants for orthodontic treatment when used with an adjunct, a photograph editing software, is yet to be assessed. From the initial 300 participants, 256 were included and randomly divided into an experimental group (participants were asked to provide their frontal smiling photograph) and a control group. The photographs received were corrected using photograph editing software and were shown along with other ideal smile photographs in an Instagram account to the experimental group, whereas the control group participants had access to only the ideal smile photographs. After browsing, the participants were given a modified version of the Malocclusion-Related Quality of Life Questionnaire. Questions assessing the general perception about one's smile, comparison with peers, desire to undergo orthodontic treatment, and the role of socioeconomic status showed a statistically significant difference (P<0.05) as most of the control group participants were unsatisfied with their teeth, had less desire to undergo orthodontic treatment and did not feel family's financial income to be a hurdle, contrary to the experimental group participants. A statistically significant difference (P<0.05) was also seen in assessing external acceptance, speech difficulties, and the influence of Instagram on orthodontic treatment, whereas the influence of photograph editing software did not show the same. The study concluded that the experimental group participants were motivated to undergo orthodontic treatment after viewing their corrected photograph.

INTERCONNECTION OF INFLATION, BI RATE, AND EXCHANGE RATE ON MUDHARABAH AND MURABAHAH FINANCING

The purpose of this study is to analyze the relationship between inflation, BI interest rates, and exchange rates on Mudharabah and Murabahah financing at Sharia Commercial Banks. This research is a quantitative study that applies the Johansen Integration Test and Vector Error Correction Model to see the long-term impact and shock response on certain variables. Research findings show that the exchange rate has a significant negative impact in the short term on Mudharabah financing income, while inflation factors and BI interest rates have a smaller negative impact in the short term. The receipt of Murabahah financing is negatively affected by all factors, especially inflation, BI interest rates, and currency exchange rates. Inflation and exchange rates have a significant negative impact in the long run on Mudharabah and Murabahah financing income, while BI interest rates have a small positive impact in the long run. Recommendations based on the results of this study are the importance of maintaining exchange rate stability and controlling inflation, as well as the need for effective risk management in the face of exchange rate fluctuations and inflation. In addition, Islamic banks need to improve operational efficiency, educate customers about economic risks, and encourage collaboration between relevant institutions for further research and better policy development.