SULTANIST: Jurnal Manajemen dan Keuangan

STRATEGIC TRADE POLICY UNDER PRESIDENT PRABOWO: A NARRATIVE REVIEW OF INDONESIA’S GVC RESPONSE

Andy Wijaya — 2025-07-30

This research examines Indonesia's strategic reaction to global value chain (GVC) disruptions via export tariff reforms under President Prabowo Subianto's administration. This research utilises a narrative literature analysis to combine findings from peer-reviewed journals, policy documents, and institutional reports published from 2014 to 2024. The study reveals that whereas tariff liberalisation seeks to improve export competitiveness, its efficacy is limited by non-tariff barriers, deficiencies in digital infrastructure, and institutional fragmentation. Compared to regional counterparts like Vietnam and Thailand, Indonesia's inward-oriented trade policy may restrict its inclusion into high-value areas of global value chains. The investigation is confined to secondary sources, providing conceptual insights instead of causal assertions. It underscores the necessity for synchronised reforms, including logistical modernisation, digital preparedness, and conformity with environmental, social, and governance (ESG) criteria. This study enhances the discussion on trade policy adjustment in emerging economies in the context of increasing global uncertainty

FINANCIAL LITERACY AND FINANCIAL TECHNOLOGY ON INDIVIDUAL FINANCIAL BEHAVIOR THROUGH FINANCIAL INCLUSION AMONG LECTURERS AND EMPLOYEES OF A PRIVATE UNIVERSITY IN BANDUNG CITY

Windi Novianti — 2025-11-17

This study examines the effect of Financial Literacy and Financial Technology on Individual Financial Behavior through Financial Inclusion. Today, individuals have the right to determine the steps they will take in financial decision-making. Various new and diverse financial products are emerging, requiring individuals to have a deeper understanding if they wish to utilize them. This is necessary to avoid financial decisions that may be detrimental. Individual finances can be well-managed if financial behavior is accountable. Strategic efforts are needed to enhance individuals' financial knowledge. The use of technology facilitates financial transactions. Through financial literacy and financial technology, individuals can improve their financial behavior. Moreover, financial inclusion plays a crucial role in promoting positive financial behavior. Access to financial services enables middle and lower-income individuals to save and invest.

This study is a quantitative research employing observation and questionnaire methods. The questionnaire serves as a data collection technique in which respondents are given written questions or statements to answer. The respondents in this study are lecturers and employees working at a private university in Bandung City. The sampling method used is purposive sampling. To obtain an accurate and direct representation of the lecturers and employees, this study utilizes a survey system. The total population of lecturers and employees at the university is 325 individuals. Using Slovin’s formula, a sample of 77 respondents, consisting of lecturers and employees, was determined.

After conducting analysis and discussion on the data processing results, it can be concluded that Financial Literacy and Financial Technology have a significant positive effect on Financial Inclusion. However, Financial Technology does not have a significant impact on Individual Financial Behavior. The effect of financial technology on individual financial behavior is not always positive and depends on how the technology is utilized. Therefore, individuals must understand the risks and benefits of financial technology and use it wisely to improve their financial behavior.

OPTIMIZATION OF STRATEGIC INVESTMENT DECISIONS USING A SINGLE INDEX MODEL

Supitriyani — 2025-11-17

THE INFLUENCE OF LIFESTYLE, FINANCIAL LITERACY, AND SPIRITUAL INTELLIGENCE ON FINANCIAL MANAGEMENT BEHAVIOR WITH LOCUS OF CONTROL AS AN INTERVENING VARIABLE

Sarah Veronica Siregar — 2025-11-17

This study aims to examine the influence of lifestyle, financial literacy, and spiritual intelligence on financial management behavior, with locus of control as a mediating variable, among Micro, Small, and Medium Enterprises (MSME) owners in the Jakarta area. A quantitative approach was employed, with data collected through questionnaires distributed to 200 MSME owners between May and July 2025. The data were analyzed using Structural Equation Modeling (SEM) with the assistance of SmartPLS 4 software. The results indicate that lifestyle, financial literacy, and spiritual intelligence have a significant effect on financial management behavior, both directly and indirectly through locus of control. Locus of control was found to mediate the relationship between the independent variables and financial management behavior. These findings provide both theoretical and practical contributions, particularly in developing effective financial behavior strategies for MSME owners.