scholarly journals Financial Literacy, Ponzi and Pyramid Scheme in Indonesia

2018 ◽  
Vol 9 (2) ◽  
pp. 198-205 ◽  
Author(s):  
Taofik Hidajat
Keyword(s):  
Financial Literacy ◽  
Sampling Method ◽  
Social Economic ◽  
Investment Decision ◽  
Research Result ◽  
Snowball Sampling ◽  
The People ◽  
Pyramid Scheme ◽  
Ponzi Scheme ◽  
Pyramid Schemes

The aim of this research is to examine empirically the influence of financial literacy on investment decisions through ponzi and pyramid schemes. Variables embedded were Social Economic Characteristics, Financial Literacy and Investments Decision. The population of this study were the people who invest their money through a Ponzi scheme and pyramid scheme. The sampling method applied was a snowball sampling of 43 respondents. Based from the research result, it was concluded that social economic characteristics, positively influences financial literacy. While, financial literacy influenced investment decision through ponzi and pyramid schemes. It is freaky because the people with good financial literacy (job occupation, education, gender and income) are still trapped under these junk investment trick modes. It was assumed that there were the other factors as the example, psychological factor like individual greed that influenced the financially literate people to invest through both junk investment schemes. It was also suggested a modification in financial literacy measuring because the existing financial literacy measuring tools had not been able to accommodate the understanding of ponzi and pyramid scheme investment.

scholarly journals EFFECT OF FINANCIAL LITERACY AND RISK PERCEPTION ON STUDENT INVESTMENT DECISIONS IN JAKARTA

2019 ◽  
Vol 3 (2) ◽  
pp. 107-132
Author(s):  
Rizky Eko Harry Saputro ◽  
Diyan Lestari
Keyword(s):  
Risk Perception ◽  
Financial Literacy ◽  
Sampling Method ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
T Test ◽  
Test Result

This study aims to determine the effect of financial literacy and risk perception on student investment decisions in Jakarta. This study used a quantitative approach through questionnaires with as many as 120 respondents taken as sample which is obtained by using non-probability sampling technique and purposive sampling method. The research data is processed with SPSS, where the hypothesis is analyzed using t-test and multiple linear regression analysis. The results of this study indicate that financial literacy variable have a significant effect on investment decision, based on the t-test result which shows that t-count is higher in comparison to ttable (8,433>1,98045). Similarly, the risk perception variable have a significant effect on investment decision, which is shown by the higher tcount compared to t-table (2,319>1,98045).

scholarly journals Confirmatory Factor Analysis on Influence Measures of Investment

2019 ◽  
Vol 8 (3) ◽  
pp. 3977-3980
Keyword(s):  
Factor Analysis ◽  
Path Analysis ◽  
Financial Literacy ◽  
Influence Factor ◽  
Investment Decision ◽  
Primary Objective ◽  
The People ◽  
Confirmatory Factor ◽  
Standard Deviations ◽  
Investment Process

Background of the study: In an investment decision, several factors are responsible for a investors to make their investment or chose their preferred investment avenues. Factors such as, Benefit derived from the chosen investment, Objective of the particular investment, Financial literacy over the proposed investment, and influence of investment measures were mostly consider by the investors while making their investment measurement. Objective: This article explores the investment influence measures consider by the people for making their investment decision. This research paper has a primary objective to highlight the most and least influential measures consider by the peoples while making their investment. Methodology: This study is confirmatory by the way of proving the six investment influence measures of peoples’ investment decision emerged under influence factor by using the path analysis. There are two hundred sample respondent were identified under the purposive sampling in the urban area of Tiruchirrappli District. All the issued questionnaire were collected and scrutinized by using SPSS 20 statistical package and AMOS 20 to derive the path analysis. Result: All the six influence measures significantly influence investor’s investment decision. It is estimated that When influences dimension goes up by 1 standard deviation, Safety of the particular investment goes up by 0.769 standard deviations and prevailing Tax saving on the investment goes up by 0.733 standard deviations and Simplicity of the investment process goes up by 0.768 standard deviations

scholarly journals PENGELOLAAN AGROEKOSISTEM DENGAN PENDEKATAN ETNOEKOLOGI DI KECAMATAN NAMANG, BANGKA TENGAH

2019 ◽  
Vol 3 (2) ◽  
pp. 70-76
Author(s):  
Fellica Fellica ◽  
Budi Afriyansyah ◽  
Gunawan Gunawan
Keyword(s):  
Field Observation ◽  
Sampling Method ◽  
Rice Fields ◽  
Scientific Study ◽  
Traditional Society ◽  
The Moon ◽  
Snowball Sampling ◽  
Natural Conditions ◽  
The People ◽  
Rice Yields

Agroecosystem is form of ecosystem that is man-made.It is a part of ethnoecology as a way for traditional society to cultivate their land for agricultural purposes. The people of Namang Subdistrict has long applied their ancestors tradisional ecology knowledge in culvating their rice fields and gardens. Exploring this knowledge and surpassing it would be beneficial to humankind. To collect the data, the present writer conducted field observation and interview by using snowball sampling method and scientific study. Namang society cultivates rice fields and gardens based on traditional knowladge. Farmer’s rice agroecocystems believe in the moon and the to plant rice is very influential on natural conditions, because nature for them greatly influences the success of rice fields. The murok jerameh tradition is a thanksgiving for the abundant rice yields and begs god that the following year’s harvest is also abundant. Farmers agroecosystems believe that the existence of kiara (Ficus benjamina L) trees indicates that the land is fertile.

scholarly journals Pengaruh Literasi Keuangan Terhadap Keputusan Investasi Mahasiswa STIE Indragiri Rengat

2021 ◽  
Vol 6 (1) ◽  
pp. 261
Author(s):  
Gita Sari Gustika ◽  
Hasanah Yaspita
Keyword(s):  
Regression Analysis ◽  
Financial Literacy ◽  
Sampling Method ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Investment Decisions ◽  
Decision Variable ◽  
Financial Risks ◽  
Simple Linear Regression

Investment is a form of investment or capital to generate wealth, which will be able to provide returns, both present and future. Not a few people still do not understand how to invest properly and correctly, so many of them are deceived by investments by offering unreasonable interest returns and unclear investment management. By using financial literacy, it can make it easier for someone to understand and know things about finance and financial risks that may occur in order to avoid financial problems. This study aims to determine the effect of financial literacy on investment decisions in society, especially students. The case study in this research is the undergraduate student of the Sekolah Tinggi IlmuEkonomi Indragiri (STIE-I) Rengat. This study uses a comparative causal quantitative approach. Based on the calculation of the sampling using purposive sampling method with the Slovin formula.Results of Simple Linear Regression Analysis, jIf financial literacy is equal to 0 (zero), the amount of investment decisions will be 8.141 points, if financial literacy increases by 1 (one) unit, investment decisions will increase by 0.506 points. And hresult of partial test (t test, obtained t count is 8,434> t table 1,985, so it can be concluded that the Financial Literacy variable (X) has an effect on the Investment Decision variable (Y).

scholarly journals TINDAK PIDANA MENERAPKAN SISTEM SKEMA PIRAMIDA DALAM PENDISTRIBUSIAN BARANG OLEH PELAKU USAHA

2020 ◽  
Vol 28 (3) ◽  
pp. 457
Author(s):  
Julius Sitangihonon Sihotang ◽  
Kartika Pakpahan ◽  
Hilda Siregar ◽  
Yunepa Pebi Yanti Sembiring ◽  
Kevin Dwiputra Sitorus
Keyword(s):  
Law Enforcement ◽  
Public Awareness ◽  
Positive Law ◽  
The People ◽  
Pyramid Scheme ◽  
Law Enforcement Officials ◽  
Analytical Research ◽  
Multi Level ◽  
The Government ◽  
Pyramid Schemes

The sales system in the form of a pyramid scheme is prohibited in Article 9 of Law Number 7 of 2014 concerning Trade because it can harm the people who are its members. In the pyramid scheme sales system, the concept is almost close to the concept of a multi-level marketing sales system, which creates opportunities for companies by running a pyramid scheme that bills itself as an official multi-level marketing company. This study aims to analyze the positive law on the prohibition of distribution business actors in the application of the pyramid scheme system and about the efforts to overcome criminal acts by implementing a pyramid scheme system in the distribution of goods. This study analyzes the main problems with the scope and identification of the problems through the Normative Juridical Approach with descriptive analytical research. The existence of various forms of driving factors for the development of companies with a pyramid scheme sales system is the characteristic of most Indonesians who want to have large income instantly, with public awareness and law enforcement officials about the dangers of pyramid schemes that are still lacking, so that the distribution of goods with a pyramid scheme system is carried out by If business actors make mistakes or violate regulations from the government regarding pyramid scheme businesses, those who carry out such actions will be subject to sanctions either by fines or imprisonment.

scholarly journals The Effect of Financial Literacy, Parents’ Social Economic and Student Lifestyle on Students Personal Financial Management

2021 ◽  
Vol 10 (3) ◽  
pp. 522-531
Author(s):  
Dewiana Novitasari ◽  
Juliana Juliana ◽  
Masduki Asbari ◽  
Agus Purwanto
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Random Sampling ◽  
Structural Equation ◽  
Quantitative Methods ◽  
Sampling Method ◽  
Social Economic ◽  
Primary Data ◽  
Equation Modeling ◽  
Analysis Techniques

The purpose of this study was to analyze the effect of financial literacy, parents’ social economic and student lifestyle on students’ personal financial management. This study used quantitative methods and data analysis techniques of Structural Equation Modeling using SmartPLS 3.0 software. The research sample used a random sampling method. The data used primary data collected through a questionnaire. The number of returned and valid questionnaires was 220 samples. The data was processed by using SEM. The results of the study concluded that financial literacy had a significant effect on students’ personal financial management, student lifestyle had a significant effect on students’ personal financial management, and parents’ social economics had a significant effect on students’ personal financial management. The novelty of this research was the Correlation model of financial literacy, parents’ social economic and student lifestyle on students’ personal financial management. The results of this study can be a reference for further research that can be applied in other organizations.

Past behaviour, financial literacy and investment decision-making process of individual investors

2020 ◽  
Vol 15 (6) ◽  
pp. 1243-1263 ◽  
Author(s):  
Rajdeep Kumar Raut
Keyword(s):  
Decision Making ◽  
Financial Literacy ◽  
Structural Equation ◽  
Investment Decision ◽  
Individual Investors ◽  
Successful Implementation ◽  
Snowball Sampling ◽  
Content Type ◽  
Investment Decision Making ◽  
External Variables

PurposeThis study aims to explore the importance of past behaviour and financial literacy in the investment decision-making of individual investors and examines the validity of the theory of planned behaviour in this context.Design/methodology/approachThe study used a self-administered questionnaire and adopted the convenience sampling technique followed by a snowball sampling method for the survey to collect data from the individual investors covering the four distinct states of India. Collected data were analysed on AMOS 20.0 using two-step structural equation modelling (SEM).FindingsResults indicated a significant effect of all the predictive variables. Past behaviour showed no significant direct impact on investor's intention; however, it had an indirect significant relationship while mediated by the attitude of investors. The multiple squared correlation (R2) showed that the final model could explain 36% of the variance in investors' intention towards stock investment which signified a successful implementation of the TPB model along with external variables added to it. Moreover, Indian investors were found to be highly influenced, primarily, by social pressure which could be curbed through financial literacy.Practical implicationsA significant importance of subjective norms was found on stock market participation which could be a strategic theme for the government and the policymakers to educate investors through their opinion leaders for increasing their participation. Moreover, by doing so investors could control their behaviour and take rational decisions.Originality/valueThis study extended the understandings of investor's decision-making behaviour using TPB by incorporating the two external variables viz., Financial literacy and past behaviour. The addition of past behaviour is perhaps the novelty of this article since such examination has not been conducted empirically especially in the case of developing countries like India.

scholarly journals Maklews Etnic Woman’s Participation on Environmental Management

2018 ◽  
Vol 73 ◽  
pp. 03013
Author(s):  
Godefridus Samderubun ◽  
Ransta Lekatompessy ◽  
Apolus Betaubun ◽  
David Layan
Keyword(s):  
Environmental Management ◽  
Sampling Method ◽  
Snowball Sampling ◽  
Second Person ◽  
Management Activity ◽  
Mutual Cooperation ◽  
The People ◽  
Descriptive Approach ◽  
Observation Method

Woman have strong links with the environmental. In his role as manager of the household, they are more interacting with the environmental and natural recousces.The efforts were made by Maklew’s Woman with cultivated an attitude of assistance and keep maintain their environmental. So the worked together in their culture like kayau in their countryside stil remained until now. But effort of Maklew’s woman to keep maintained the local wisdom “kayau” for environmental management, there has challenges. One of the interesting things to be examined is that of the management of the environment and resources. Maklew is the tribe with a practice of very strong patriarchy. The position of women in Maklew etnic is assumed as “second person”. Specifically in the culture ofetnic maklew, the position of women is considered very important. Women and the land are symbolized as the origin and the source of life, as the giver of life. The study of Maklw’s Womans Participation for environmental management use the feminism and ecofeminism theory and exchanged theory where there are several indicators related by Kayau as a local wisdom to environmental management. The indicators or prepositions are role of division, acces of control and decision making making with kayau perpective. This research was carried out in Wasur village, which is one of villages with the population of indigenous of Marind, located in Merauke, bordering Papua New Guinea. This research includes of qualitative and descriptive approach. Statistic collected is done by observation method, intervieuw using snowball sampling method. Data analysis in this research by descriptive analisys. As the result in the research showing that Maklew’s Woman in participation on environmental management in Wasue Village still strong and kept well. There was show from mutual cooperation from Maklew’s woman on environmental management with Kayau that still continues. All the people especially Maklew’s Woman still kept the local wisdom Kayau in their environmental management activity.

Why are people trapped in Ponzi and pyramid schemes?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Taofik Hidajat ◽  
Ina Primiana ◽  
Sulaeman Rahman ◽  
Erie Febrian
Keyword(s):  
Design Methodology ◽  
Sampling Technique ◽  
Human Beings ◽  
Snowball Sampling ◽  
Behavioural Finance ◽  
Content Type ◽  
Pyramid Scheme ◽  
Emotional Bias ◽  
Pyramid Schemes ◽  
Snowball Sampling Technique

Purpose This paper aims to identify psychological factors that influence people to be involved in Ponzi and pyramid schemes. Design/methodology/approach A psychological approach to finance or behavioural finance is applied in this research because of the assumption that human beings are not always rational. The sample consisted of 98 investors in 11 cities in Indonesia who were or had invested in an investment program with a Ponzi or pyramid scheme. The snowball sampling technique was applied. Findings The conclusion is that optimism (emotional bias), confirmation bias, representativeness bias, framing bias and overconfidence (cognitive bias) positively influenced investment decisions related to Ponzi and pyramid schemes. Originality/value The novelty aspect of this research is the implementation of a behavioural finance perspective to answer and express the fascinating phenomenon of Ponzi and pyramid investment schemes.

scholarly journals ETNOBOTANI POHON DI DESA BUKIT BATU PADA AREAL HTI PT. BHATARA ALAM LESTARI KECAMATAN SUNGAI KUNYIT KABUPATEN MEMPAWAH

2019 ◽  
Vol 7 (3) ◽  
Author(s):  
Nurul Jamilah ◽  
Ratna Herawatiningsih ◽  
Siti Masitoh Kartikawati
Keyword(s):  
Tree Species ◽  
Sampling Method ◽  
Daily Activities ◽  
Field Observations ◽  
Snowball Sampling ◽  
Useful Plants ◽  
The People

This research aims to study the utilization and processing of tree species in daily activities by the community of Bukit Batu Village. Respondents is select using snowball sampling method, field observations and study literature. The results of the study are 22  types of tress from 15 family that  been used by the socsiety of Bukit Batu village, Sungai Kunyit Subdistrict, Mempawah Regency. Of these 22 tree spescies divided into 4 groups including building 10 species, firewood 5 species, boat 7 species, and medicine1 species.  The most widely used part of the tree is the stem 95%, twigs and branches 22%, and the  laest used is the skin part which is as much as 4% by the people of Bukit Batu Village.Keywords: Bukit Batu Village,  ethnobotany, useful plants, snowball sampling 

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