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All Journal TECHNO-SOCIO EKONOMIKA Eduvest - Journal of Universal Studies
Ruslan Prijadi
Universitas Indonesia
Aerospace Engineering Computer Science & IT Economics, Econometrics & Finance Health Professions Languange, Linguistic, Communication & Media Neuroscience Social Sciences Other

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Implementation of Straight Term, Weighted Average, and Term Weighted Matched-Maturity Fund Transfer Pricing (FTP) on Indonesian Bank Gregorius Ivan Baskara; Ruslan Prijadi
Eduvest - Journal of Universal Studies Vol. 3 No. 7 (2023): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v3i7.846

Abstract

Transfer pricing in the banking industry has a huge impact on maintaining risks and strategic decision-making for preserving competitive advantage in the market. As a best practice, the bank owns an Asset & Liabilities Management (ALM) function assigned to control internal pricing, named Fund Transfer Pricing (FTP), to regulate the inter-division fund pricing between the Funding Division and the Lending Division. While the FTP implementation provisions of a bank are not regulated due to management’s appetite, the FTP calculation methods are definitively established based on several research studies. The most sophisticated method is named Match-Maturity, by reason of matching every banking product’s tenor to the yield curve and calculating them by the repayment behavior. This paper aims to study the significance of the Match-Maturity FTP (MM-FTP) method on a bank in Indonesia which currently apply the Multiple-Pool FTP (MP-FTP) method. To achieve the set objective, the study performed the FTP calculation of identical banking products including samples and all population utilizing MP-FTP and MM-FTP. The result shows 10 out of 11 groups of product and segment experienced over-charged or over-credited employing MP-FTP, which lead to inaccurate evaluation of balance sheet management and performance measurement.
Corporate Restructuring at One of The Energy Companies in Indonesia: Does it Have an Impact? Arum Puspitarini; Ruslan Prijadi
Eduvest - Journal of Universal Studies Vol. 3 No. 7 (2023): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v3i7.847

Abstract

In 2021, one of Indonesia's state-owned enterprises (SOEs) in the energy sector, which is one of Indonesia's Fortune Global 500 companies, restructured and divided itself into six sub-holdings with distinct business segments. The company's corporate restructuring mechanism is financial and portfolio restructuring. Large corporations in Indonesia rarely engage in these corporate actions. Consequently, it is intriguing that this research examines the impacts of corporate restructuring. This study seeks to investigate the restructuring’s motives and the impacts of corporate reorganization on a company's performance, as well as its effect on the company's external environment. The authors utilized a qualitative approach with an explanatory case study to accomplish the research objectives. Individual depth interviews (IDI) are used to acquire data from multiple informants who represent shareholders, internal holding companies, and sub holding companies. This study provides an alternative assessment of the impacts of corporate reorganization so that both the company and the government can formulate future decision-making strategies. Most of the prior research on corporate restructuring employed an empirical quantitative technique approach, which involved analyzing data from a variety of companies and industries, so the results of the prior study lack comprehensive information.
THE IMPACT OF BOARD DIVERSITY AND THE MODERATION EFFECT OF COVID-19 PANDEMIC ON FREE CASH FLOW Arfiana Mahdiati; Ruslan Prijadi
TECHNO-SOCIO EKONOMIKA Vol 16 No 2 (2023): Jurnal Techno-Socio Ekonomika - Oktober
Publisher : LPPM Universitas Sangga Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32897/techno.2023.16.2.2827

Abstract

In this study, we propose pandemic Covid-19 as moderating effect on the role of board diversity in enhancing the allocation of free cash flow. The board diversity variables are examined using least squares regression for panel data by exploiting the variables to board gender diversity, board member affiliation, board specific skills, and board size variables for an observation of 279 Indonesian listed firms over the period 2015–2021. We found that the presence of female gender on the board, the presence of board members who have either an industry specific background or a strong financial background, and enough board members deter the opportunistic conduct of managers and likely to reduce excess funds through dividend pay-outs. The results demonstrate that a diverse board reduces agency conflicts and enhances resource allocation supporting governance practices. During the Covid-19 pandemic, the presence of female gender in the board, the presence of boards member with other corporate affiliations, and the adequacy of board size proved to provide more effective supervision of the company's cash flow allocation. The findings are beneficial to policymakers since this explains the significance of implementing measures to enhance the efficacy of the board's role by instituting a diversity requirement.
Co-Authors Arfiana Mahdiati Arum Puspitarini Gregorius Ivan Baskara Haris Pratama Loeis