An increasing number of young investors have an important role in supporting the economy. However, increasing the number of investors does not mean much if the investment decisions made are not right, so it needs to be supported by an understanding of good finance. Stocks offer opportunities to get a higher return, with a higher risk as well. Stocks have varying levels of risk, such as companies that carry out sustainable business practices will differ from companies that do not, so perceived risk can influence investor’s investment decisions. Therefore, this study aims to identify the effect of financial literacy and green perceived risk on millennial generation investment decisions on the SRI-KEHATI stock index. Data analysis used descriptive analysis and PLS Structural Equation Modeling (SEM) analysis. The results showed there was a significant positive influence of financial literacy to investment decisions, which means that the better the literacy the better the decision. Green perceived risk has a significant negative effect on investment decisions, which means the greater the risk of environmental damage, the less likely it to invest in the SRI-KEHATI stock index.

Background: In 2019, financial literacy level in Indonesia was only 38,03%, while the financial inclusion rate was 76,19%. Financial literacy and inclusion levels related to saving that are identical to the banking sector have the highest values, with 36,12% and 73,88%, while investment in capital market has the second lowest values, at 4,92% and 1,55%. However, the ratio of gross savings to gross domestic product in Indonesia was reported only at 31,01%, while several other Asian countries reached more than 40%. Objective: This study aims to measure the level of financial literacy and inclusion of millennial generations in DKI Jakarta. It analyses the influence of financial literacy and inclusion on saving and investment behaviour, the influence of financial literacy on financial inclusion, and the influence of saving behaviour on investment behaviour. Method: The data analysis used descriptive and SEM-PLS analyses. Results: The results show that the financial literacy rates and the average of inclusion rates of millennial generation in DKI Jakarta are 50% and 60% respectively. Financial literacy and inclusion have an influence on saving and investment behaviour. Also, financial literacy affects financial inclusion, while the saving behaviour does not influence investment behaviour. Conclusion: Financial literacy and inclusion have a positive and significant effect on saving behaviour and investment behaviour. Financial literacy also has a positive and significant effect on financial inclusion. However, saving behaviour does not have a significant effect on investment behaviour. Keywords: financial inclusion; financial literacy; investment behaviour; millennial generation; saving behaviour

Tujuan: Penelitian ini bertujuan untuk menganalisis kinerja keuangan perusahaan yang ada di sub sektor pakan ternak BEI serta mengidentifikasi potensi kebangkrutan yang dimiliki perusahaan pakan ternak di BEI. Metodologi: Analisis kinerja keuangan menggunakan rasio keuangan dan metode Du Pont serta menganalisis potensi kebangkrutan menggunakan metode Altman’s Z-Score. Temuan: Hasil analisis menunjukkan PT Charoen Pokphand Tbk memiliki kinerja keuangan yang paling baik berdasarkan seluruh rasio keuangan yang dianalisis serta nilai Z yang berada pada area tidak potensi bangkrut. Kemudian pada PT Japfa Comfeed Tbk memiliki kinerja keuangan yang cukup baik dan nilai Z yang berada pada area tidak berpotensi bangkrut serta PT Malindo Comfeed Tbk dengan kinerja keuangan terburuk dan berada pada grey area pada dua periode. Orisinalitas: Penelitian ini memberikan pengetahuan baru pada topik penilaian kinerja perusahaan sub sektor pakan ternak yang terdaftar di BEI. Hasil penelitian ini dapat dijadikan sebagai informasi tambahan bagi perusahaan dalam mengambil keputusan. Kata kunci: Altman’s Z-Score, Du Pont, industri pakan ternak, kinerja keuangan, rasio keuangan.Â

The increasing trend of online shopping through e-commerce during the COVID-19 pandemic is also supported by the development of digital payment method, one of which is paylater. Paylater allows consumers to buy now and pay later in monthly installments. Paylater growth in Indonesia can encourage the development of the digital economy and is in line with sustainable development goals (SDGs) number 8, namely increasing inclusive and sustainable economic growth. However, if not controlled, the use of paylaters actually risks triggering compulsive buying behavior and increasing the amount of debt owned by consumers. This research aims to analyze the characteristics of paylater users in Jabodetabek, analyze the influence of psychological factors and financial literacy toward paylater misuse, and analyze the influence of psychological factors, financial literacy, and paylater misuse toward compulsive buying behavior. The sample of this research was 275 respondents of paylater users in Jabodetabek. The research sample was determined using the non-probability sampling method, types convenience sampling and quota sampling. Furthermore, the research results were analyzed using descriptive analysis and Structural Equation Modeling-Partial Least Square (SEM-PLS). The results of this research show that psychological factors, financial literacy, and Paylater misuse hAVE a positive and significant effect on compulsive buying.

Pertumbuhan investor di pasar modal semakin meningkat, tetapi jumlah investor yang berprofesi sebagai pengusaha masih sedikit (14,27%). Pelaku Usaha Mikro Kecil dan Menengah (UMKM) yang memiliki kelebihan dana, dapat memanfaatkan investasi di pasar modal untuk mengoptimalkan manajemen modal usaha mereka. Berdasarkan survei Otoritas Jasa Keuangan tahun 2019, indeks literasi keuangan terhadap pasar modal tergolong rendah, akibatnya minat investasi di pasar modal juga masih rendah. Minat investasi selain dipengaruhi oleh literasi keuangan, juga dipengaruhi oleh faktor dari Theory of Planned Behavior (TPB). Tujuan penelitian ini adalah mengidentifikasi tingkat literasi keuangan, menganalisis faktor-faktor yang memengaruhi minat investasi, dan mengevaluasi hubungan antara literasi keuangan dan minat investasi. Analisis pengaruh dalam penelitian ini menggunakan SEM-PLS. Hasil penelitian menunjukkan bahwa tingkat literasi keuangan pelaku UMKM yang masuk ke dalam kategori well literate yaitu sebesar 67%. Minat berinvestasi di pasar modal dipengaruhi oleh atttitude toward behavior dan literasi keuangan. Sedangkan subjective norm dan perceived behavioral control tidak memengaruhi minat investasi. Literasi keuangan yang semakin baik akan memengaruhi minat investasi seseorang.literasi keuangan, minat investasi, pelaku UMKM, theory of planned behavior