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The Impact of Macroprudential Policies on MSME Credit Growth and Risk Fredrick Kaban, Ferry; Hanggraeni, Dewi
Dinasti International Journal of Education Management And Social Science Vol. 5 No. 3 (2024): Dinasti International Journal of Education Management and Social Science (Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijemss.v5i3.2375

Abstract

The aim of this research is to identify the impact of macroprudential policy related to the financing ratio for micro small medium enterprises (MSME) to each bank’s MSME credit growth and non-performing loan (NPL). This research used a panel data analysis using the pooled least square (PLS) model conducted on the financial data of 40 public conventional banks for the observation during the period from 2012 to 2021 with MSME’s credit growth and NPL as the dependant variables and the policy, bank’s characteristics, and macroeconomic factors as independent variables. The results reveals that the policy significantly affects MSME’s credit growth and NPL. This study ultimately provides input for banks to fulfill the financing ratio in order to comply with the regulator but should be selective in terms of MSME’s financing. The findings of this research inquire regulator to re-evaluate the requirement target for all banks to achieve minimum financing MSME ratio.
Unusual Market Activity Impact on Abnormal Liquidity Risk, Abnormal Volatility, and Abnormal Return in Indonesia Capital Market Kurnia Putri, Famy; Christina Pasaribu, Maria; Hanggraeni, Dewi
Jurnal Pendidikan Indonesia Vol. 6 No. 7 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i7.7711

Abstract

This study aims to analyze the influence of the management control system consisting of enabling control and constraining control on organizational performance and management innovation in heavy equipment and truck companies operating in North Kalimantan. Management control systems that involve enabling controls that encourage organizational creativity and development, as well as constraining controls that provide constraints to ensure efficient operations, are analyzed to see their impact on management innovation and organizational performance. This study uses a quantitative descriptive approach by collecting primary data through a survey of 57 supervisors in 10 relevant companies. The data was analyzed using the Structural Equation Modeling (SEM) method with PLS 4 software. The results of the study show that enabling control has a significant positive influence on organizational performance, while constraining control, both through a limitation system and diagnostic control, has a negative effect on organizational performance, although the diagnostic control system plays a positive role in encouraging management innovation. These findings indicate that to improve organizational performance, companies need to make more intensive use of enabling controls, while considering the implementation of diagnostic control systems that can support innovation
Navigating Sustainability: Bank Dynamics, Market Structure, and Enterprise Risk Management in ASEAN Exchanges Naomi, Jane; Hanggraeni, Dewi
Eduvest - Journal of Universal Studies Vol. 5 No. 9 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i9.51258

Abstract

The banking sector plays a vital role in economic stability and sustainable development. As financial institutions face increasing pressure to align profitability with Environmental, Social, and Governance (ESG) commitments, Enterprise Risk Management (ERM) has gained prominence as a tool for enhancing both financial outcomes and ESG performance. While prior research has explored the impact of bank characteristics and industry concentration on performance, the mediating role of ERM remains underexamined, especially in emerging markets. This study addresses this gap by investigating how bank characteristics (ownership concentration, complexity, international diversification) and industry concentration affect financial and ESG performance, with ERM as a mediating variable. The analysis draws on data from ASEAN-listed banks between 2019 and 2023 using Partial Least Squares Structural Equation Modeling (PLS-SEM). Results show that ownership concentration negatively influences financial performance, whereas bank complexity and international diversification have no significant financial effects. Industry concentration also lacks a significant financial impact. For ESG performance, bank complexity and international diversification show positive effects, while ownership concentration has no influence and industry concentration exerts a negative effect. ERM does not mediate relationships with financial performance or the effect of industry concentration on ESG outcomes. However, it mediates the relationship between international diversification and ESG performance. The findings highlight the conditional role of ERM in advancing ESG goals, especially in internationally diversified banks. Regulators are urged to revisit ownership concentration policies, and banks are encouraged to integrate ESG into core strategies and reinforce governance frameworks to manage structural risks.
The Influencer of ESG and ERM on Financial and Non-Financial Performance of Energy Companies Listed on the Indonesia Stock Exchange for the 2019-2023 Syamsi, Rachmii; Hanggraeni, Dewi
Eduvest - Journal of Universal Studies Vol. 5 No. 9 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i9.51345

Abstract

This study investigates the influence of Environmental, Social, and Governance (ESG) practices and Enterprise Risk Management (ERM) on both financial and non-financial performance of energy companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. The main objective is to examine whether ESG and ERM significantly affect profitability (ROA and ROE), market valuation (Tobin’s Q), and investor trust, particularly in the context of a post-pandemic economic landscape. The novelty of this research lies in its integrated analysis of ESG and ERM as simultaneous predictors of firm performance, while incorporating non-financial outcomes that are often overlooked, such as investor perception. This study also adds value by offering empirical evidence from an emerging market context and focusing on the energy sector, which plays a strategic role in sustainable development and economic resilience. Empirical findings reveal that ESG significantly influences Return on Assets (ROA), indicating that sustainability initiatives contribute to more efficient asset utilization. However, ESG does not show a significant effect on Return on Equity (ROE) or investor trust, implying that its long-term benefits may not be immediately reflected in equity returns or stakeholder perception. Conversely, ERM demonstrates a significant impact on ROA, ROE, and investor trust, highlighting the importance of structured risk management in enhancing financial outcomes and building investor confidence. These findings suggest that both ESG and ERM can play a strategic role in improving firm performance, but their influence may vary depending on the dimension of performance being assessed.
Capital reserve calculation analysis of operational risk in submarine cable service portfolio Kusumawardhani, Febriyati; Hanggraeni, Dewi
Gema Wiralodra Vol. 15 No. 1 (2024): Gema Wiralodra
Publisher : Universitas Wiralodra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/gw.v15i1.602

Abstract

This study analyzes the amount of capital reserves required for the Submarine Cable Service PT AAA to mitigate the risk of delays in completing work without disrupting the company's cash flow. Data used in this paper is the operational loss of delay work in the Submarine Cable Service portfolio from 2016 to 2019. The method and analysis used in this paper are the Monte Carlo simulation to calculate Operation Risk Variance (OpVar) by analyzing the distribution of severity and frequency. The result of the study shows that delayed work is the risk that has the most influence on the company's cash flow. PT AAA needs Rp 2.16 billion per event as capital reserve PT AAA to mitigate the risk of work delays in the Submarine Cable Service portfolio. Risk mitigation needs to minimize the potential loss are choosing the right partner in the operational process, scheduling the cable repair process, and securing the amount of capital reserve that has been counted.
Do Enterprise Risk Management and Good Corporate Governance affect the Performance of Insurance Companies in ASEAN-5 Countries? Hartono, Cipto; Hanggraeni, Dewi
Eduvest - Journal of Universal Studies Vol. 4 No. 7 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i7.1573

Abstract

This study aims to analyze the influence of Enterprise Risk Management (ERM) and Good Corporate Governance (GCG) on the performance and profitability of companies among 30 insurance companies in the ASEAN-5 countries during the period of 2018-2022. The Panel Data Regression method is utilized to analyze data obtained from financial reports and corporate sustainability reports. The results of the analysis indicate that the simultaneous implementation of ERM and GCG does not have a significant positive influence on the financial performance of insurance companies, measured by indicators such as Return on Assets (ROA), Return on Equity (ROE), Loss Ratio, Combine Ratio, and Tobins Q. It is noteworthy that some individual parameters show a positive influence on company performance. This suggests that ERM and GCG play a crucial role in enhancing performance and profitability in the context of insurance companies in the ASEAN region during the research period.
Unveiling Gender Dynamics in Strategic Risk-Taking and Risk-Aversion Among Indonesian Executives Steven, Steven; Hanggraeni, Dewi
Eduvest - Journal of Universal Studies Vol. 4 No. 10 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i10.34664

Abstract

In this research, we aims to examine how gender disparities among corporate leaders (executives) and their level of risk aversion can impact the organization's strategic risk-taking. A questionnaire survey method was employed to collect data from executives in Indonesia holding minimum positions of senior manager (BOD-1), director or commissioner (C-Level). Standard behavioral economics expected utility approach is employed to quantify the degree of risk aversion, while respondents will also make investment choices to assess their inclination towards strategic risk-taking. The research employed the t-test and linear logistic regression analysis to examine the hypothesis. The research findings indicate that female executives exhibit a higher degree of risk aversion compared to their male counterparts. In line with most st udies, risk averse executives prefer to engage in more cautious strategic risk-taking. Nevertheless, there are no discernible disparities between female executives and male execautives when it comes to engaging in strategic risk-taking.
Revealing The Impact of ERM and ESG Disclosures on The Performance of Non-Financial Public Companies in Indonesia: An Empirical Study From 2017-2022 Junaidi, Wakhid; Hanggraeni, Dewi
Eduvest - Journal of Universal Studies Vol. 4 No. 11 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i11.44745

Abstract

This study investigates the impact of Enterprise Risk Management (ERM) disclosure on working capital efficiency, profitability, and firm value of non-financial public companies in Indonesia during the period 2017-2022. Additionally, it examines the moderating role of Environmental, Social, and Governance (ESG) disclosure on the relationship between ERM disclosure and these three variables. The research adopts a quantitative approach, utilizing secondary data from companies' annual reports. Working Capital Turnover (WCT) measures efficiency, profitability is assessed by Return on Assets (ROA), and firm value is evaluated using Tobin’s Q ratio. ERM and ESG disclosures are assessed based on the COSO ERM 2017 framework and GRI Standards, respectively. The findings reveal that ERM disclosure has a significant positive impact on firm value but shows no significant effect on working capital efficiency and profitability. Furthermore, ESG disclosure positively moderates the relationship between ERM disclosure and firm value, highlighting the synergistic benefits of integrating robust ERM practices with comprehensive ESG disclosures. This study underscores the necessity for companies to enhance the quality of their risk management and ESG-related disclosures to improve financial performance and corporate value. By providing empirical evidence on the benefits of ERM and ESG disclosures, this research contributes to the literature and offers practical implications for non-financial public companies in Indonesia.
Effect of Share Ownership Concentration, Audit Committee Meeting Frequency, Type of External Auditor, and Risk Monitoring Committee Size on Operational Risk Disclosure in Non-Bank Financial Services Institutions (LJKNB) for the 2019-2023 Period Naomi, Jane; Akbar, Lolita; Galuh Savitri, Ardila; Syamsi, Rachmi; Hanggraeni, Dewi
Jurnal Pendidikan Indonesia Vol. 6 No. 1 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i1.6772

Abstract

In an increasingly complex global business environment, effective corporate governance is one of the main pillars to maintain economic stability and encourage sustainable growth in the financial sector. This study aims to analyze the Effect of Share Ownership Concentration, Audit Committee Meeting Frequency, Type of External Auditor, and Risk Monitoring Committee Size on Operational Risk Disclosure in Non-Bank Financial Services Institutions (LJKNB) for the 2019–2023 Period. The content analysis method was used to collect operational risk disclosure data from the annual reports of 42 LJKNB listed on the IDX during the period 2019 to 2023. Using GLS regression analysis, this study shows the influence of governance on the disclosure of operational risks quantitatively and qualitatively. The results show that the concentration of share ownership, the number of audit committee meetings, and the external auditors of the Big 4 have a significant positive effect on the disclosure of quantitative operational risks, while the number of risk monitoring committees has a significant negative effect. The four governance variables did not have a significant effect on the qualitative disclosure of operational risks
Business Continuity Management BETH3 (Building, Equipment, Technology, Human Resources and 3rd Party) : A Conceptual Framework in Banking Sector Hadiwibowo, Arief; Pranata Ganda Dimulya, Aditya; Arum Handayani, Gabriela; Jauhari, Tantowi; Hanggraeni, Dewi
Jurnal Pendidikan Indonesia Vol. 6 No. 1 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i1.6773

Abstract

This study analyzes the challenges of Business Continuity Management (BCM) for the banking sector, especially conventional commercial banks in facing various operational challenges. BCM serves as a framework to help minimize the impact of disruption on the banking sector in the face of risks such as natural disasters, pandemics, and cyberattacks. The methods used include Business Impact Analysis (BIA), development of recovery strategies, and implementation of sustainable mitigation measures with the implementation of the BETH3™ framework and international standards such as ISO 22301, so as to provide systematic guidance in identifying critical assets and designing integrated mitigation measures, which include building elements, equipment, technology, human resources, and third parties in the bank Conventional. The results of the study show that BCM not only allows the banking sector to survive and adapt to the crisis, but also accelerates operational recovery. With a focus on continuous improvement, the implementation of the BETH3™ framework in BCM can prepare the Bank to face challenges more prepared and adaptive. The need for stronger collaboration with external parties, such as regulators and technology providers, as well as the importance of regular training for employees to ensure readiness to deal with crisis situations. Thus, the banking sector can be better prepared to face challenges and maintain competitiveness in a dynamic market