Suryani, Embun
Master of Management, Mataram University

Published : 3 Documents
Articles

Found 3 Documents
Search
Journal : JMM UNRAM - MASTER OF MANAGEMENT JOURNAL

PENGAMBILAN KEPUTUSAN HUTANG PADA USAHA KECIL DAN MENENGAH (UKM) DI PULAU LOMBOK: SUATU PERSPEKTIF BEHAVIORAL FINANCE

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol 8, No 1 (2019): JMM Maret 2019
Publisher : Master of Management, Mataram University

Show Abstract | Original Source | Check in Google Scholar

Abstract

The purpose of this study is to find out what factors determine decision making of debt and what are the most dominant factors in  decision making of debt for SMEs on the island of Lombok.  This research is an explanatory research with quantitative approach. The population is all SMEs located in Lombok island. The sample is selected by Non probability sampling technique with a judgment sampling method where the SMEs that selected as samples are SMEs in handicraft industry of pottery and already exporting the products. Of the existing population, there are 25 (twenty five) SMEs that can be sampled. Respondents in this study are managers who also the owner of the SMEs. Data was collected using questionnaire. To achieve the research objectives, the data obtained will be processed according to needs using Factor Analysis.The results of this study indicate there are three groups of factors that determine  decision making of debt, namely the First Factor Group consists of: Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss. This factor is named Factor Overconfidence. The Second Factor Group consisted of Representativeness Variables, Avaibility Variables and Anchoring and Adjustment Variables. This factor is named the Avaibility Factor. The third factor group consists of Affect Variables and Aversion Loss Variables. This factor is named the Factor of Loss Aversion. The most dominant factor in determining debt decision making for SMEs in Lombok Island is the Overconfidence factor group consisting of Variable Excessive Optimism, Variable Overconfidence, Variable Confirmation Bias and Variable Aversion to sure loss .Keyword:Behavioral finance, decision making of debt, SMEs

BEHAVIORAL FINANCE DAN PENGARUHNYATERHADAP PENGAMBILAN KEPUTUSAN HUTANG (Studi Pada Usaha Kecil Dan Menengah (UKM) di Pulau Lombok )

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol 7, No 1 (2018): JMM Maret 2018
Publisher : Master of Management, Mataram University

Show Abstract | Original Source | Check in Google Scholar

Abstract

This research aims to analyze: 1) The effect of overconfidence against debt decision-making on SME’s, 2) The Effect of the illusion of control against debt decision-making on SME’s, 3) The effect of availability against debt decision-making on SME’s.This research is a research-based approach to quantitative, with this type of research is explanatory research. The population of the research was all SME’s that are located on the island of Lombok. The technique of sampling done with Non probability sampling, i.e. using judgement sampling i.e. selecting SME’s engaged in pottery industry and already exports. Of the population, there are 35 (thirty five) SME’s which can be taken as a sample. The respondents in this study was a financial manager at the same time as the owner of each such SME’s. Data collection techniques used in this research is to use the question form. To achieve the research objectives and hypothesis testing, then the data acquired will be processed according to your needs by using statistical tools GSCA (Generalized Structured Component Analysis).The results showed: 1) Overconfidence has no significant effect on decision-making on debt undertaken by owner Managers, 2) Illusion of Control has significant effect on decision-making on debt undertaken by the SME owner managers, 3) Avaibility has no significant effect on decision-making on debt undertaken by the SME owner managers. This shows the SME’s managers in the selection of a rational debt as a source of funding. The rational attitude effected by the characteristics of respondents who was the Manager of the SME’s owner, i.e., the age of majority SME’s managers are still productive ranged from 37 to 54 years of age, mostly female, with a level of education mostly high school and college graduates, as well as long time effort over 10 years. Keywords: overconfidence, illusion of control, avaibility, decision making of debt

BEHAVIORAL FINANCE DAN PENGARUHNYATERHADAP PENGAMBILAN KEPUTUSAN HUTANG (Studi Pada Usaha Kecil Dan Menengah (UKM) di Pulau Lombok )

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol 7, No 1 (2018): JMM Maret 2018
Publisher : Master of Management, Mataram University

Show Abstract | Original Source | Check in Google Scholar

Abstract

This research aims to analyze: 1) The effect of overconfidence against debt decision-making on SME’s, 2) The Effect of the illusion of control against debt decision-making on SME’s, 3) The effect of availability against debt decision-making on SME’s.This research is a research-based approach to quantitative, with this type of research is explanatory research. The population of the research was all SME’s that are located on the island of Lombok. The technique of sampling done with Non probability sampling, i.e. using judgement sampling i.e. selecting SME’s engaged in pottery industry and already exports. Of the population, there are 35 (thirty five) SME’s which can be taken as a sample. The respondents in this study was a financial manager at the same time as the owner of each such SME’s. Data collection techniques used in this research is to use the question form. To achieve the research objectives and hypothesis testing, then the data acquired will be processed according to your needs by using statistical tools GSCA (Generalized Structured Component Analysis).The results showed: 1) Overconfidence has no significant effect on decision-making on debt undertaken by owner Managers, 2) Illusion of Control has significant effect on decision-making on debt undertaken by the SME owner managers, 3) Avaibility has no significant effect on decision-making on debt undertaken by the SME owner managers. This shows the SME’s managers in the selection of a rational debt as a source of funding. The rational attitude effected by the characteristics of respondents who was the Manager of the SME’s owner, i.e., the age of majority SME’s managers are still productive ranged from 37 to 54 years of age, mostly female, with a level of education mostly high school and college graduates, as well as long time effort over 10 years. Keywords: overconfidence, illusion of control, avaibility, decision making of debt