The capital market can provide investors, because the selected securities investments are expected to provide a level of return commensurate with the risk the investor bears. The phenomenon that is currently occurring shows that returns are decreasing shares occur in companies in the agricultural companies on the ASEAN, are faced with expectations in the form of investing capital is to obtain a high rate of return low risk. This would be contrary to basic investment principles namely High Risk High Return. Companies listed on the stock exchange are investment commodities with relatively high risk. The nature of investment shares is compassionate and changes to influences originating from within and outside the country, such as changes in politics, economics, government regulations, or modifications within the company or industry. This research aims to determine the factors that influence stock returns, which consist of price book value (PBV), debt-equity ratio (DER), and earnings per share (EPS)—using purposive sampling, with sample 14 agricultural companies listed on the ASEAN Exchange during the 2017-2022 period. Data analysis used multiple linear regression and the hypothesis test using the T-test with a significance level 0.05. The regression analysis results found that only the price book value (PBV) variable had a significant positive effect on stock returns. Meanwhile, the variables debt equity ratio (DER) and earnings per share (EPS) do not affect stock returns simultaneously

In Indonesia, robo-advisors were introduced around 2017, driven by the increasing penetration of internet usage and the adoption of digital technology in the financial sector. The use of robo-advisors grew significantly during the pandemic, as retail investors sought convenient ways to invest without the need for in-person meetings. Several fintech companies, including Bareksa, Bibit, and Moduit, offer wealth management services utilizing robo-advisor technology. While the total Assets Under Management (AUM) in Indonesia have increased, the growth rate of AUM has declined, which may indicate reduced new investment inflows. This study examines the factors influencing users’ intention to adopt fintech robo-advisor services in Indonesia, using the Unified Theory of Acceptance and Use of Technology (UTAUT 2) framework. The research is a quantitative descriptive study focusing on individuals in Indonesia who have used robo-advisor services via Bibit, Bareksa, or Moduit. Using purposive sampling, the study surveyed 150 respondents, with data analyzed through Partial Least Squares-Structural Equation Modeling (PLS-SEM). The study finds that all independent variables—performance expectancy, effort expectancy, social influence, facilitating conditions, hedonic motivation, price value, and habit—significantly influence the adoption of fintech robo-advisors. Moreover, age, gender, and experience were identified as moderating factors. The strongest predictors of behavioral intention were performance expectancy, habit, and hedonic motivation, while habit, behavioral intention, and facilitating conditions were key drivers of use behavior. The study concludes that all factors significantly affect the adoption of fintech robo-advisors in Indonesia, and recommends that fintech companies leverage these findings to improve their features, communication strategies, and digital financial literacy initiatives.

This study integrates market factors, macroeconomics, and investor behavior to provide lessons for investor resilience and market sustainability. Using monthly Indonesian market and macroeconomic data from 2004–2024, and a quantitative approach through vector autoregression model, Granger causality, and impulse response to capture the interactions among variables. Results show that global economic uncertainty affects market response and vice versa. Likewise, investor behavior affects global economic uncertainty and vice versa. Macro-economic linkages also affect market response, investor behavior, and vice versa. Market response affects investor behavior but not vice versa. In addition, if there is a shock to macro-economic linkages, the impact will be convergent on investor behavior, but if there is a shock to investor behavior, it will not be convergent on market conditions. Highlight practical implication that markets are highly dependent on psychological factors of investors that interact with fundamental factors. Previous studies tend to isolate the influence of each variable, thereby overlooking the possibility that their interrelationships may produce simultaneous effects on market dynamics. Interdisciplinary approaches remain limited in the context of upper-middle-income countries. These results also provide lessons for the market and investors, if there is turmoil in investor resilience, affecting long-term sustainability of emerging capital markets.

The city of Bandung is included in the province of West Java, which is popular as the Flower City and Paris Van Java, or the city of shopping. The city of Bandung has a high level of consumption, causing a high level of consumptive behavior in the tier 1 position representing West Java. In addition, it has the highest level of online lending in Indonesia with the aim of fulfilling one’s lifestyle. Therefore, this study focuses on financial technology, financial literacy, and self-control in consumptive behavior at a productive age in Bandung City. This research is to analyze the relationship between financial technology, financial literacy, self-control, and consumptive behavior. This research was conducted using quantitative methods with multiple linear regression analysis techniques. Data was collected through questionnaire results, with a sample of 400 respondents from Bandung City’s productive-age population. This study shows that financial technology has no significant effect on consumptive behavior. Financial literacy has a significant effect on consumptive behavior. Self-control has no significant effect on consumptive behavior. Simultaneously or jointly, financial technology, financial literacy, and self-control have a significant effect on consumptive behavior.