The increasing participation of Generation Z in the Indonesian capital market needs to be balanced with the ability to make rational investment decisions in accordance with their risk profile. This study aims to analyze the influence of financial literacy, risk tolerance, and investment experience on the investment decisions of Generation Z investors in Surabaya. The study used a quantitative explanatory approach with a purposive sampling technique. The study respondents consisted of 225 Generation Z investors aged 18–29 years, domiciled in Surabaya, owning shares in the capital market, and having a customer fund account. Data were collected through an online questionnaire and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results showed that financial literacy had no significant effect on investment decisions. Risk tolerance had a positive and significant effect on investment decisions. Investment experience also had a positive and significant effect. These three variables explained 33.0% of the variation in investment decisions. These findings indicate that Generation Z investment decisions are more determined by readiness to face risks and direct experience in the capital market than by mastery of basic financial concepts. Therefore, investment education programs need to focus on fundamental analysis, technical analysis, investment simulations, and portfolio risk management.
K. Halim, Lenny Susanto, S. R. Basana· International Journal of Fin...· 0 citations
Supply chain leaders in manufacturing companies play a key role in organizing strong relationships with members in the supply chain. This study aims to analyze the role of supply chain leaders in improving the operational performance of manufacturing companies in Indonesia through supplier and customer integration and supply chain transparency, and to test the moderating role of information technology. The research used a quantitative approach, with a direct survey of 38 companies and the rest via a Google form, yielding a total of 218 respondents from manufacturing companies that have used information technology and coordinated with external partners. Data were analyzed using the PLS-SEM version 4.0 to test the outer and inner models. The results of the study show that supply chain leaders have a significant effect on customer integration, supplier integration, and supply chain transparency. Furthermore, customer integration, supplier integration, and supply chain transparency have been shown to affect operational performance positively. These findings confirm that the operational performance of manufacturing companies can be improved through supply chain leadership that fosters coordination, collaboration, and information disclosure among suppliers and customers, and the moderating role. Information technology only strengthens the relationship between supplier integration and operational performance, whereas the relationship between customer integration and supply chain transparency and operational performance shows no significant moderating influence. This research makes a theoretical contribution to the development of supply chain leadership, integration, transparency, and digital supply chain studies, as well as provides practical implications for manufacturing companies to manage supplier and customer integration more strategically to improve quality, flexibility, delivery accuracy, customer service, and customer satisfaction on an ongoing basis.
S. R. Basana, H. Siagian, Mariana Ing Malelak et al.· Journal of Project Managemen...· 0 citations
Indonesia's manufacturing industry is experiencing a weakening in performance: the PMI fell to 46.9 in June 2026, and the Logistics Performance Index ranking slumped to 61st out of 139 countries, signaling a decline in competitive advantage amid global pressures. This study examines the influence of leadership competency on competitive advantage, mediated by supply chain integration, responsiveness, and agility, with supply chain digitization as a moderating variable, in manufacturing companies in Indonesia. Data were collected via an online questionnaire (Google Forms) using a 5-point Likert scale from 104 valid respondents and analyzed using partial least squares structural equation modeling (PLS-SEM) with SmartPLS 4.0 software. The results show that leadership competency has a significant positive effect on supply chain integration, responsiveness, and agility. Integration, responsiveness, and agility each have a significant positive impact on competitive advantage, with agility showing the strongest effect. The three hypothesized moderating effects of supply chain digitization were not significant. Leadership competency’s effect on competitive advantage is fully mediated through supply chain responsiveness, integration, and agility. Managerially, investment in leadership development will not have an optimal impact without strengthening supply chain capabilities, especially agility. Manufacturing companies are advised to prioritize leadership training focused on rapid, adaptive decision-making to strengthen cross-functional coordination. This research contributes to enriching the current theories in supply chain management and dynamic capability.
H. Siagian, Z. J. H. Tarigan, R. Tarigan et al.· Decision Science Letters· 0 citations
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